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ROST » Topics » Termination of Employment

These excerpts taken from the ROST 10-K filed Apr 1, 2008.
Termination of Employment. Termination of a Participant’s employment with the Company for any reason, including retirement or death or the failure of a Participant to remain an employee eligible to participate in the Plan, shall terminate the Participant’s participation in the Plan immediately. In such event, the payroll deductions credited to the Participant’s account shall, as soon as practicable, be returned to the Participant or, in the case of the Participant’s death, to the Participant’s legal representative, and all of the Participant’s rights under the Plan shall terminate. Interest shall not be paid on sums returned to a Participant pursuant to this paragraph 12. A Participant whose participation has been so terminated may again become eligible to participate in the Plan by again satisfying the requirements of paragraph 4.

     

Termination of Employment. Termination of
a Participant’s employment with the Company for any reason, including retirement
or death or the failure of a Participant to remain an employee eligible to
participate in the Plan, shall terminate the Participant’s participation in the
Plan immediately. In such event, the payroll deductions credited to the
Participant’s account shall, as soon as practicable, be returned to the
Participant or, in the case of the Participant’s death, to the Participant’s
legal representative, and all of the Participant’s rights under the Plan shall
terminate. Interest shall not be paid on sums returned to a Participant pursuant
to this paragraph 12. A Participant whose participation has been so terminated
may again become eligible to participate in the Plan by again satisfying the
requirements of paragraph 4.


     

EXCERPTS ON THIS PAGE:

10-K (2 sections)
Apr 1, 2008

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