This excerpt taken from the VLG DEF 14A filed Oct 2, 2006.
401(k) Plan. The Company has a qualified 401(k) savings and retirement plan (the 401(k) Plan). Eligibility to participate in the 401(k) Plan begins for each employee at the beginning of the quarter following the employees hire date as a full-time employee (Eligible Employees). The 401(k) Plan allows Eligible Employees to defer into their plan account a certain dollar amount or stated percentage of their salary, not to exceed statutorily mandated annual limits (the Employee Contributions). Eligible Employees are 100% vested in their Employee Contributions. The Company makes contributions to all participating Eligible Employees plan accounts in an amount equal to 3% of the participants salary or wages. The Company also makes additional contributions in the amount of a 50% match of the first 4% of voluntary contribution by the employee. Distributions under the 401(k) Plan may be made at retirement, death, permanent disability or other termination of employment, in a lump sum.