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Title: |
Deferred Compensation Plan [2003] |
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Entities: |
Eos International, Inc.; Eos International Inc. |
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Date: |
2003 |
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Size: |
Preview shows 5KB of 30KB total |
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Price: |
$34 |
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ID: |
#141097 |
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Eos International, Inc.
2003 Deferred Compensation Plan
1. Purposes. The purposes of this Eos International, Inc. 2003 Deferred Compensation Plan (the Plan) are to provide a select group of management or highly compensated employees of Eos International, Inc. (the Company), with the opportunity to elect to defer receipt of specified portions of compensation and fees and to have such deferred amounts treated as if invested in specified investment options.
2. Definitions. In addition to the terms defined in Section 1 above, the following terms used in the Plan shall have the meanings set forth below:
(a) Administrator shall mean the Administration Committee set forth in Section 3(b) to whom the Committee may delegate the authority to take action under the Plan.
(b) Beneficiary shall mean the beneficiary designated by the Participant under the Company-paid group term life insurance plan, unless the Participant has designated any other person or persons (who may be designated contingently or successively and which may be an entity other than a natural person) on a form supplied by the Administrator to receive benefits payable in the event of the death of the Participant. In the event of the Participants death without an effective Beneficiary designation, any Plan benefits payable shall be paid in equal parts to the Participants surviving spouse or, if the Participant has no surviving spouse, to the Participants surviving children or, if the Participant has no surviving children, to the Participants surviving parents, or if the Participant has no surviving parents, to the Participants surviving siblings or, if the Participant has no surviving siblings, to the Participants estate.
(c) Board shall mean the Board of Directors of Eos International, Inc.
(d) Change of Control shall mean:
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(i) any person (as such term is used in Sections 13(d) and 14(d) of the Exchange Act), other than a trustee or other fiduciary holding securities under an employee benefit plan of the Company, any person or group (as such term is used in Regulation D-G of the Securities and Exchange Commission under the Exchange Act) who on the Effective Date is the beneficial owner (as defined herein) of 5% or more of any class of equity securities of the Company, or a person engaging in a transaction of the type described in clause (iii) of this subsection but which does not constitute a change in control under such clause, is or becomes the beneficial owner (as defined in Rule 13d-3 under the Exchange Act), directly or indirectly, of securities of the Company representing 45% or more of the combined voting power of the Companys then outstanding securities;
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