Common use of Employee Retirement Plans Clause in Contracts

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan (the "Savings Plan"). Executive's participation in such retirement plans shall continue for the Continuation Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (ii) above shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax tax-qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan and Trust (the "Savings Plan"). Executive's participation in such retirement plans shall continue for a period of 24 months from the Continuation Period date of termination of Executive's employment (at the end of which point Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (iic)(ii) above of this Section 4 shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the such plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period 24-month period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and To the provisions of extent permitted by the applicable plan permit continued participationplan, the Executive will be entitled to continue to participate, consistent with past practices, in the tax tax-qualified employee retirement plans maintained by the Company in effect as of Executive's his date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. (or Interface Flooring Systems, Inc.) Savings and Investment Plan and Trust, or successor plans (the "Savings Plan"). The Executive's participation in such retirement plans shall continue for a period of twenty-four (24) months from the Continuation Period date of termination of his employment (at the end of which Executive point he will be considered to have terminated employment within the meaning of the plans), ) and the compensation payable to the Executive under subsections (c)(ia) and (iib) above shall be treated (unless otherwise excluded under the terms of such retirement plansexcluded) as compensation when computing benefits under the plans. For purposes of the Savings Plan, the Executive will be credited with an amount equal to the Company's contribution to the planPlan, assuming Executive had participated in such plan Plan at the maximum permissible contribution level. To the extent permissible under applicable law, The Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to the Executive and, if applicable, Executive's his beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each the plan) of the excess of (Ai) the benefit the Executive would have been paid under such plan if Executive he had continued to be covered for the Continuation Period 24-month period (less any amounts Executive he would have been required to contribute) and been treated as fully vested, over (Bii) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of terminationsum.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax tax-qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan and Trust (the "Savings Plan"). Executive's participation in such retirement plans shall continue for the Continuation Period (at the end of which point Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (iic)(ii) above of this Section 4 shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the such plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax tax-qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the CompanyCompany and applicable to Executive, the Interface Flooring Systems, Inc. Retirement Plan and Trust, the Interface Europe Pension Scheme and the Interface, Inc. Savings and Investment Plan and Trust (the "Savings Plan"). Executive's participation in such retirement plans shall continue for a period of 24 months from the Continuation Period date of termination of Executive's employment (at the end of which point Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (iic)(ii) above of this Section 4 shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the such plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period 24-month period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan (the "Savings Plan"). Executive's participation in such retirement plans shall continue for the Continuation Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (ii) above shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.to

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the CompanyCompany and applicable to Executive, the Interface Flooring Systems, Inc. Retirement Plan and Trust, the Interface Europe Pension Scheme, and the Interface, Inc. Savings and Investment Plan (the "Savings Plan"). Executive's participation in such retirement plans shall continue for the Continuation Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (ii) above shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified employee retirement plans maintained by the Company in effect as of Executive's ’s date of termination, including, to the extent such plans are plan is still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan (the "“Savings Plan"”). Executive's ’s participation in such retirement plans shall continue for the Continuation Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (ii) above shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's ’s beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and To the provisions of extent permitted by the applicable plan permit continued participationplan, the Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified employee retirement plans maintained by the Company in effect as of Executive's his date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. (or Interface Flooring Systems, Inc.) Savings and Investment Plan and Trust, or successor plans (the "Savings Plan"). The Executive's participation in such retirement plans shall continue for a period of twenty-four (24) months from the Continuation Period date of termination of his employment (at the end of which Executive point he will be considered to have terminated employment within the meaning of the plans), ) and the compensation payable to the Executive under subsections (c)(ia) and (iib) above shall be treated (unless otherwise excluded under the terms of such retirement plansexcluded) as compensation when computing benefits under the plans. For purposes of the Savings Plan, the Executive will be credited with an amount equal to the Company's contribution to the planPlan, assuming Executive had participated in such plan Plan at the maximum permissible contribution level. To the extent permissible under applicable law, The Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to the Executive and, if applicable, Executive's his beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each the plan) of the excess of (Ai) the benefit the Executive would have been paid under such plan if Executive he had continued to be covered for the Continuation Period 24-month period (less any amounts Executive he would have been required to contribute) and been treated as fully vested, over (Bii) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of terminationsum.

Employee Retirement Plans. If applicable law and To the provisions of extent permitted by the applicable plan permit continued participationplan, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified all employee retirement and deferred compensation plans maintained by the Company in effect which Executive participates as of Executive's his date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring SystemsBlount Retirement Plan, Inc. Retirement Plan and Trustthe Blount 401(k) Plan, and the Interface, Inc. Savings and Investment Blount Exxxxx 001(k) Plan (but not thx XXXX and the "Savings Plan"Executive SERX). ExecutiveXxecutive's participation in such retirement plans shall continue for the Continuation Severance Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(ia) and (iib) above shall be treated (unless otherwise excluded under the terms of such retirement plansexcluded) as compensation when computing benefits under the plansplan as if it were paid on a monthly basis. For purposes of the Savings Blount 401(k) Plan and the Blount Excess 401(k) Plan, Executive he will be credited with an amount recxxxx x Company contribution xx x level equal to the Company's contribution customary contributions to participant accounts under the plan, assuming Executive had participated in such plan at the maximum permissible contribution contributions level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted by the plan or if Executive's benefits are not fully vestedby applicable law, the Company shall pay to Executive andor, if applicable, Executive's beneficiary, his beneficiary a supplemental benefit equal to the present value Present Value on the date of termination of employment under this Agreement (calculated as provided in each the plan) of the excess of (Ai) the benefit Executive would have been paid under such plan if Executive he had continued to be covered for the Continuation Severance Period (less any amounts Executive would have been required to contribute) and been treated as fully vested), over (Bii) the benefit actually payable under such plan. The Company shall pay the Present Value of such additional benefits (if any) in a lump sum within 30 days of the date his termination of terminationemployment.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. (or Guilford of Maine, Inc., now known as Interface Interior Fabrics, Inc.) Savings and Investment Plan (the "Savings Plan"). Executive's participation in such retirement plans shall continue for the Continuation Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (ii) above shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax tax-qualified employee retirement plans maintained by the Company in effect as of Executive's ’s date of termination, including, to the extent such plans are plan is still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan and Trust (the "“Savings Plan"”). Executive's ’s participation in such retirement plans shall continue for a period of 24 months from the Continuation Period date of termination of Executive’s employment (at the end of which point Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (iic)(ii) above of this Section 4 shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the such plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's ’s contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's ’s benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's ’s beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period 24-month period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and To the provisions of extent permitted by the applicable plan permit continued participationplan, the Executive will be fully vested in and will be entitled to continue to participate, consistent with past practices, in the tax qualified all employee retirement plans maintained by the Company in effect as of the Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan (the "Savings Plan"). The Executive's participation in such retirement plans shall continue for a period beginning on the Continuation Period date of the Executive's termination and ending on the earlier of (i) the date twenty-four (24) months from the date of such termination and (ii) the date that the Executive becomes employed by any other employer (at which point the end of which Executive will be considered to have terminated employment within the meaning of the plans), ) and the compensation payable to the Executive under subsections paragraph (c)(i) and (iia) above shall be treated (unless otherwise excluded under the terms of such retirement plansexcluded) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If full vesting and continued participation in any plan is not permitted or if Executive's benefits are not fully vestedpermitted, the Company shall pay to the Executive and, if applicable, the Executive's beneficiary, a supplemental benefit equal to the present value Present Value on the date of termination of employment (calculated as provided in each plan) of the excess of (Ai) the benefit the Executive would have been paid under such plan if the Executive had been fully vested and had continued to be covered for the Continuation Period 24-month period as if the Executive had earned compensation described under paragraph (a) above and had made contributions sufficient to earn the maximum matching contribution, if any, under such plan (less any amounts the Executive would have been required to contribute) and been treated as fully vested), over (Bii) the benefit actually payable to or on behalf of the Executive under such plan. For purposes of determining the benefit under (i) in the preceding sentence, contributions deemed to be made under a defined contribution plan will be deemed to be invested in the same manner as the Executive's account under such plan at the time of termination of employment. The Company shall pay such additional supplemental benefits (if any) in a lump sum within 30 days of the date of terminationsum.

Employee Retirement Plans. If applicable law and To the provisions of extent permitted by the applicable plan permit continued participationplan, Executive the Employee will be fully vested in and will be entitled to continue to participate, consistent with past practices, in the tax qualified all employee retirement plans maintained by the Company Bank in effect as of Executive's his date of termination, including, to the extent such plans are still maintained by Bank, including any successor plan or plans. To the Companyextent permitted by the applicable plan, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. Savings and Investment Plan (the "Savings Plan"). Executive's Employee’s participation in such retirement plans shall continue for a period of twelve (12) months from the Continuation Period date of termination of his employment (at the end of which Executive point he will be considered to have terminated employment within the meaning of the plans), employment) and the compensation payable to Executive the Employee under subsections (c)(ia) and (iib) above shall be treated (unless otherwise excluded under the terms of such retirement plansexcluded) as compensation when computing benefits under the plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If full vesting and continued participation in any plan is not permitted or if Executive's benefits are not fully vestedpermitted, the Company Bank shall pay to Executive the Employee and, if applicable, Executive's his beneficiary, a supplemental benefit equal to the present value Present Value on the date of termination of employment (calculated as provided in each plan) of the excess of (Ai) the benefit Executive the Employee would have been paid under such plan if Executive he had been fully vested and had continued to be covered for the Continuation Period 12-month period as if the Employee had earned compensation described under (a) and (b) above and had made contributions sufficient to earn the maximum matching contribution, if any, under such plan (less any amounts Executive he would have been required to contribute) and been treated as fully vested), over (Bii) the benefit actually payable to or on behalf of the Employee under such plan. The Company For purposes of determining the benefit under (i) in the preceding sentence, contributions deemed to be made under a defined contribution plan will be deemed to be invested in the same manner as the Employee’s account under such plan at the time of termination of employment. Bank shall pay such additional supplemental benefits (if any) in a single lump sum within 30 payment, to be paid not later than thirty (30) days after Employee’s termination of the date of terminationemployment.

Employee Retirement Plans. If applicable law and the provisions of the applicable plan permit continued participation, Executive will be entitled to continue to participate, consistent with past practices, in the tax tax-qualified employee retirement plans maintained by the Company in effect as of Executive's date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Retirement Plan and Trust, and the Interface, Inc. (or Guilford of Maine, Inc., now known as Interface Interior Fabrics, Inc.) Savings and Investment Plan and Trust (the "Savings Plan"). Executive's participation in such retirement plans shall continue for a period of 24 months from the Continuation Period date of termination of Executive's employment (at the end of which point Executive will be considered to have terminated employment within the meaning of the plans), and the compensation payable to Executive under subsections (c)(i) and (iic)(ii) above of this Section 4 shall be treated (unless otherwise excluded under the terms of such retirement plans) as compensation when computing benefits under the such plans. For purposes of the Savings Plan, Executive will be credited with an amount equal to the Company's contribution to the plan, assuming Executive had participated in such plan at the maximum permissible contribution level. To the extent permissible under applicable law, Executive shall also be considered fully vested under such plans. If continued participation in any plan is not permitted or if Executive's benefits are not fully vested, the Company shall pay to Executive and, if applicable, Executive's beneficiary, a supplemental benefit equal to the present value on the date of termination of employment (calculated as provided in each plan) of the excess of (A) the benefit Executive would have been paid under such plan if Executive had continued to be covered for the Continuation Period 24-month period (less any amounts Executive would have been required to contribute) and been treated as fully vested, over (B) the benefit actually payable under such plan. The Company shall pay such additional benefits (if any) in a lump sum within 30 days of the date of termination.

Employee Retirement Plans. If applicable law and To the provisions of extent permitted by the applicable plan permit continued participationplan, Executive will be entitled to continue to participate, consistent with past practices, in the tax qualified all employee retirement and deferred compensation plans maintained by the Company in effect which Executive participates as of Executive's his date of termination, including, to the extent such plans are still maintained by the Company, the Interface Flooring Systems, Inc. Xxxxxx Retirement Plan and Trust(this plan has been frozen effective as of December 31, 2006), the SERP (this plan has been frozen effective as of December 31, 2006), the Xxxxxx 401(k) Plan, and the Interface, Inc. Savings and Investment Plan (the "Savings Xxxxxx Excess 401(k) Plan"). Executive's ’s participation in such retirement plans shall continue for the Continuation Period (at the end of which Executive will be considered to have terminated employment within the meaning of the plans)Severance Period, and the compensation payable to Executive under subsections (c)(ia) and (iib) above shall be treated (unless otherwise excluded under the terms of such retirement plansexcluded) as compensation when computing benefits under the plansplan as if it were paid on a monthly basis, and he will receive credit for years of service for the length of the Severance Period. For purposes of the Savings Xxxxxx 401(k) Plan and the Xxxxxx Excess 401(k) Plan, Executive he will be credited with receive an amount equal to the Company's contribution ’s contributions to the planplans, assuming Executive had participated in such plan plans at the maximum permissible contribution level. To contributions level and the extent permissible under applicable law, Executive shall also be considered fully vested under Company had continued to make Matching Contributions and Savings Plus Contributions to such plansplans for the Severance Period. If continued participation in any plan is not permitted by the plan or if Executive's benefits are not fully vestedby applicable law, the Company shall pay to Executive andor, if applicable, Executive's beneficiary, his beneficiary a supplemental benefit equal to the present value on the date of termination of employment under this Agreement (calculated as provided in each the plan) of the excess of (Ai) the benefit Executive would have been paid under such plan if Executive he had continued to be covered for the Continuation Severance Period (less any amounts Executive would have been required to contribute) and been treated as fully vested), over (Bii) the benefit actually payable under such plan. The Company shall pay the Present Value of such additional benefits (if any) in a lump sum within 30 days of the date his termination of terminationemployment.