These excerpts taken from the PCAR 10-K filed Feb 27, 2009.
(a) Board of Directors means the Board of Directors of PACCAR Inc.
(b) Committee means the Nominating and Governance Committee of the Board of Directors or any successor to such committee.
(c) Common Stock means common shares of PACCAR Inc with $1.00 par value and any class of common shares into which such common shares hereafter may be converted.
(d) Company means PACCAR Inc, a Delaware corporation.
(e) Deferred Accounts means either the unfunded Stock Unit Account or Income Account maintained by the Company into which a Non-Employee Director may defer payment of his or her cash compensation (retainer and fees) or elect to receive a credit to the Stock Unit Account in lieu of a grant of Restricted Stock for service as a Company director. The Company also shall establish subaccounts under a Non-Employee Directors Deferred Accounts in order to separately account for the amounts in such Deferred Accounts that are, and that are not, subject to section 409A of the Code.
(f) Fair Market Value means the closing price of the Common Stock on NASDAQ reported for the date specified for determining such value.
(g) Grant Date means the date that Non-Employee Directors receive a grant of Restricted Stock.
(h) Grantee means the Non-Employee Director receiving the Restricted Stock or his legal representative, legatees, distributees, alternate payees, or trustees as the case may be.
(i) Mandatory Retirement means retirement as a Non-Employee Director at age seventy-two (72) or at such other age as may be specified in the bylaws for the Board of Directors in effect at the time of a Non-Employee Directors Termination.
(j) Non-Employee Director means a member of the Companys Board of Directors who is not a current employee of the Company.
(k) Plan means this PACCAR Inc Restricted Stock and Deferred Compensation Plan for Non-Employee Directors as it may be amended from time to time, or any successor plan that the Committee or Board of Directors may adopt from time to time with respect to the grant of Director Restricted Stock or other stock-based grants.
(l) Restricted Stock means Common Stock that may not be sold, transferred, or otherwise disposed of by the Grantee except under such circumstances as may be specified by the Committee.
(m) Termination means a separation from service within the meaning of section 409A of the Code.
Definitions: In these Conditions the following expressions have the following meanings:
Accrual Yield has the meaning given in the relevant Final Terms;
Additional Business Centre(s) means the city or cities specified as such in the relevant Final Terms;
Additional Financial Centre(s) means the city or cities specified as such in the relevant Final Terms;
Definitions: In these Conditions the following expressions
have the following meanings:
Accrual Yield has the meaning given in the relevant Final
Additional Business Centre(s) means the city or cities
Additional Financial Centre(s) means the city
(a) Board of
(c) Common Stock means common