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This excerpt taken from the WDC DEF 14A filed Sep 24, 2007. Retirement
Benefits
We provide retirement benefits to our executive officers and
other eligible employees under the terms of our tax-qualified
401(k) plan. Eligible employees may contribute up to 30% of
their annual cash compensation up to a maximum amount allowed by
the Internal Revenue Code. We make matching contributions to the
401(k) plan at the rate of 50% of all eligible salary deferrals
by the participant, subject to a maximum annual limit of $2,000.
These matching contributions vest over a five-year service
period. Our executive officers participate in the 401(k) plan on
substantially the same terms as our other participating
employees. We do not maintain any defined benefit or
supplemental retirement plans for our executive officers.
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