This excerpt taken from the SMG 8-K filed Feb 2, 2005.
3.01 Enrollment.
[1] Each Eligible
Employee may become a Participant for any Offering Period
beginning after the date he or she complies with each of the
following conditions:
[a] Authorizes the
Employer to withhold a portion of his or her taxable
compensation. This authorization will be made under rules
developed by the Committee within the following limits: each
authorization [i] must be stated in whole dollars,
[ii] may not authorize or result in authorization of a
deduction [A] less than the amount specified by the
Committee (which may never be less than $10.00 per pay
period or [B] more than the amount specified by the
Committee (which may never be more than, in the aggregate,
$24,000 for each Plan Year), [iii] must be signed by
the enrolling Eligible Employee and [iv]must be delivered
to the Committee within the period specified by the Committee.
[b] Complies with
any other rules established by the Committee.
[2] By enrolling in
the Plan, each Participant will be deemed to have
[a]agreed to the terms of the Plan and [b]
authorized the Employer to withhold from his or her
compensation [i] the amounts authorized under
Section 3.01[1][a] and [ii] any taxes and other
amounts due in connection with any transaction contemplated by
the Plan.
