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WCBO » Topics » ARTICLE 1 PURPOSE

These excerpts taken from the WCBO 10-K filed Feb 24, 2009.

ARTICLE 1
PURPOSE

1.1 DUAL PURPOSES. This SERP is intended to:
 
  (a) Assist in assuring the Executive’s continued service to the Company by providing supplemental retirement benefits that are competitive with the Company’s peers; and
                             
  (b) Discourage the Executive from engaging in any competitive business after the Executive leaves the Company.
 
1.2 TOP-HAT PLAN STATUS. This is an unfunded SERP maintained primarily for the purpose of providing deferred compensation for the Executive, who is a member of a select group of management or highly compensated employees. As such, this SERP is intended to qualify as a “top-hat plan” exempt from Part 2 (minimum participation and vesting standards), Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility provisions) of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions of the SERP shall be interpreted and administered according to this intention.

ARTICLE 1
PURPOSE

1.1 DUAL PURPOSES. This SERP is intended to:
              
  (a) Assist in assuring the Executive’s continued service to the Company by providing supplemental retirement benefits that are competitive with the Company’s peers; and
              
  (b) Discourage the Executive from engaging in any competitive business after the Executive leaves the Company.
 
1.2 TOP-HAT PLAN STATUS. This is an unfunded plan maintained primarily for the purpose of providing deferred compensation for the Executive, who is a member of a select group of management or highly compensated employees. As such, this SERP is intended to qualify as a “top-hat plan” exempt from Part 2 (minimum participation and vesting standards), Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility provisions) of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions of the SERP shall be interpreted and administered according to this intention.

ARTICLE 1
PURPOSE

1.1      DUAL PURPOSES. This SERP is intended to:
 
  (a)      Assist in assuring the Executive’s continued service to the Company by providing supplemental retirement benefits that are competitive with the Company’s peers; and
                             
  (b)      Discourage the Executive from engaging in any competitive business after the Executive leaves the Company.
 
1.2      TOP-HAT PLAN STATUS. This is an unfunded plan maintained primarily for the purpose of providing deferred compensation for the Executive, who is a member of a select group of management or highly compensated employees. As such, this SERP is intended to qualify as a “top-hat plan” exempt from Part 2 (minimum participation and vesting standards), Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility provisions) of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions of the SERP shall be interpreted and administered according to this intention.

ARTICLE 1
PURPOSE

1.1      DUAL PURPOSES. This SERP is intended to:
 
  (a)      Assist in assuring the Executive’s continued service to the Company by providing supplemental retirement benefits that are competitive with the Company’s peers; and
                             
  (b)      Discourage the Executive from engaging in any competitive business after the Executive leaves the Company.
 
1.2      TOP-HAT PLAN STATUS. This is an unfunded plan maintained primarily for the purpose of providing deferred compensation for the Executive, who is a member of a select group of management or highly compensated employees. As such, this SERP is intended to qualify as a “top-hat plan” exempt from Part 2 (minimum participation and vesting standards), Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility provisions) of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions of the SERP shall be interpreted and administered according to this intention.

ARTICLE 1
PURPOSE

1.1      DUAL PURPOSES. This SERP is intended to:
 
  (a)      Assist in assuring the Executive’s continued service to the Company by providing supplemental retirement benefits that are competitive with the Company’s peers; and
                             
  (b)      Discourage the Executive from engaging in any competitive business after the Executive leaves the Company.
 
1.2      TOP-HAT PLAN STATUS. This is an unfunded plan maintained primarily for the purpose of providing deferred compensation for the Executive, who is a member of a select group of management or highly compensated employees. As such, this SERP is intended to qualify as a “top-hat plan” exempt from Part 2 (minimum participation and vesting standards), Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility provisions) of Title I of the Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions of the SERP shall be interpreted and administered according to this intention.

ARTICLE 1
PURPOSE


























1.1 DUAL
PURPOSES. This SERP is intended
to:
              
  (a) Assist in assuring the
Executive’s continued service to the Company by providing supplemental
retirement benefits that are competitive with the Company’s peers;
and
              
  (b) Discourage the
Executive from engaging in any competitive business after the Executive
leaves the Company.
 
1.2 TOP-HAT
PLAN STATUS.
This is an unfunded plan maintained
primarily for the purpose of providing deferred compensation for the
Executive, who is a member of a select group of management or highly
compensated employees. As such, this SERP is intended to qualify as a
“top-hat plan” exempt from Part 2 (minimum participation and vesting
standards), Part 3 (minimum funding standards) and Part 4 (fiduciary
responsibility provisions) of Title I of the Employee Retirement Income
Security Act of 1974 (“ERISA”). The provisions of the SERP shall be
interpreted and administered according to this intention.

ARTICLE 1
PURPOSE

























1.1 DUAL
PURPOSES. This SERP is intended to:
 
  (a) Assist in assuring the
Executive’s continued service to the Company by providing supplemental
retirement benefits that are competitive with the Company’s peers;
and
              
               
  (b) Discourage the Executive from
engaging in any competitive business after the Executive leaves the
Company.
 
1.2 TOP-HAT PLAN
STATUS.
This is an unfunded SERP maintained
primarily for the purpose of providing deferred compensation for the
Executive, who is a member of a select group of management or highly
compensated employees. As such, this SERP is intended to qualify as a
“top-hat plan” exempt from Part 2 (minimum participation and vesting
standards), Part 3 (minimum funding standards) and Part 4 (fiduciary
responsibility provisions) of Title I of the Employee Retirement Income
Security Act of 1974 (“ERISA”). The provisions of the SERP shall be
interpreted and administered according to this
intention.

ARTICLE 1
PURPOSE

























1.1   
 		 DUAL
PURPOSES. This SERP is
intended to:
 
  (a)      Assist in assuring the Executive’s
continued service to the Company by providing supplemental retirement
benefits that are competitive with the Company’s peers; and
              
               
  (b)      Discourage the Executive from engaging
in any competitive business after the Executive leaves the
Company.
 
1.2   
 		 TOP-HAT PLAN STATUS. This
is an unfunded plan maintained primarily for the purpose of providing
deferred compensation for the Executive, who is a member of a select group
of management or highly compensated employees. As such, this SERP is
intended to qualify as a “top-hat plan” exempt from Part 2 (minimum
participation and vesting standards), Part 3 (minimum funding standards)
and Part 4 (fiduciary responsibility provisions) of Title I of the
Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions
of the SERP shall be interpreted and administered according to this
intention.

ARTICLE 1
PURPOSE

























1.1   
 		 DUAL
PURPOSES. This SERP is
intended to:
 
  (a)      Assist in assuring the Executive’s
continued service to the Company by providing supplemental retirement
benefits that are competitive with the Company’s peers; and
              
               
  (b)      Discourage the Executive from engaging
in any competitive business after the Executive leaves the
Company.
 
1.2   
 		 TOP-HAT PLAN STATUS. This
is an unfunded plan maintained primarily for the purpose of providing
deferred compensation for the Executive, who is a member of a select group
of management or highly compensated employees. As such, this SERP is
intended to qualify as a “top-hat plan” exempt from Part 2 (minimum
participation and vesting standards), Part 3 (minimum funding standards)
and Part 4 (fiduciary responsibility provisions) of Title I of the
Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions
of the SERP shall be interpreted and administered according to this
intention.

ARTICLE 1
PURPOSE

























1.1   
 		 DUAL
PURPOSES. This SERP is
intended to:
 
  (a)      Assist in assuring the Executive’s
continued service to the Company by providing supplemental retirement
benefits that are competitive with the Company’s peers; and
              
               
  (b)      Discourage the Executive from engaging
in any competitive business after the Executive leaves the
Company.
 
1.2   
 		 TOP-HAT PLAN STATUS. This
is an unfunded plan maintained primarily for the purpose of providing
deferred compensation for the Executive, who is a member of a select group
of management or highly compensated employees. As such, this SERP is
intended to qualify as a “top-hat plan” exempt from Part 2 (minimum
participation and vesting standards), Part 3 (minimum funding standards)
and Part 4 (fiduciary responsibility provisions) of Title I of the
Employee Retirement Income Security Act of 1974 (“ERISA”). The provisions
of the SERP shall be interpreted and administered according to this
intention.

This excerpt taken from the WCBO 10-Q filed May 2, 2007.

ARTICLE 1
PURPOSE

1.1     DUAL PURPOSES. This Plan is intended to:
 
  (a)     Assist in assuring the Executive’s continued service to the Company by providing supplemental retirement benefits that are competitive with the Company’s peers; and
 
  (b) Discourage the Executive from engaging in any competitive business after the Executive leaves the Company.
 
1.2      TOP-HAT PLAN STATUS. This is an unfunded Plan maintained primarily for the purpose of providing deferred compensation for the Executive, who is a member of a select group of management or highly compensated employees. As such, this Plan is intended to qualify as a “top hat plan” exempt from Part 2 (minimum participation and vesting standards), Part 3 (minimum funding standards) and Part 4 (fiduciary responsibility provisions) of Title I of the Employee Retirement Income Security Act of 1974 (ERISA). The provisions of the Plan shall be interpreted and administered according to this intention.

EXCERPTS ON THIS PAGE:

10-K (10 sections)
Feb 24, 2009
10-Q
May 2, 2007

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