Common use of NO TRUST OR ERISA PLAN CREATED Clause in Contracts

NO TRUST OR ERISA PLAN CREATED. Nothing contained herein shall be deemed to create a trust of any kind or create any fiduciary relationship. Funds invested hereunder shall continue for all purposes to be a part of the general funds of the Company and no person, other than the Company, shall by virtue of the provisions of this Plan, have any interest in such funds. To the extent that any person acquires a right to receive payments from the Company under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. Further, no provision of this Plan shall be construed as subjecting the Plan, or any portion thereof, to any provisions of ERISA, it being the express intention of the Company that this Plan be so construed. APPROVALS 2007 MANAGEMENT INCENTIVE PLAN Adopted by the Compensation Committee of the Board of Directors on: November 8, 2006 Approved by the Stockholders on: November 8, 2006 EXHIBIT C ANNUAL BONUS GRANT AGREEMENT THIS ANNUAL BONUS GRANT AGREEMENT ("Agreement") is made and entered into this __ day of __________, 2007, (the "Effective Date") by and between William Knight (the "Executive") xxx Xxxxxx Xlobal Logistics, Inc., a Delaware corporation (the "Company").

NO TRUST OR ERISA PLAN CREATED. Nothing contained herein shall be deemed to create a trust of any kind or create any fiduciary relationship. Funds invested hereunder shall continue for all purposes to be a part of the general funds of the Company and no person, other than the Company, shall by virtue of the provisions of this Plan, have any interest in such funds. To the extent that any person acquires a right to receive payments from the Company under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. Further, no provision of this Plan shall be construed as subjecting the Plan, or any portion thereof, to any provisions of ERISA, it being the express intention of the Company that this Plan be so construed. APPROVALS 2007 MANAGEMENT INCENTIVE PLAN PLAN: Adopted by the Compensation Committee of the Board of Directors on: November 8, 2006 Approved by the Stockholders on: November 8, 2006 EXHIBIT C ANNUAL BONUS GRANT AGREEMENT THIS ANNUAL BONUS GRANT AGREEMENT ("Agreement") is made and entered into this __ day of __________, 2007, (the "Effective Date") by and between William Knight Paul Shahbazian (the "Executive") xxx Xxxxxx Xlobal Logistics, Inc., a Delaware corporation (the "Company").

NO TRUST OR ERISA PLAN CREATED. Nothing contained herein shall be deemed to create a trust of any kind or create any fiduciary relationship. Funds invested hereunder shall continue for all purposes to be a part of the general funds of the Company and no person, other than the Company, shall by virtue of the provisions of this Plan, have any interest in such funds. To the extent that any person acquires a right to receive payments from the Company under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. Further, no provision of this Plan shall be construed as subjecting the Plan, or any portion thereof, to any provisions of ERISA, it being the express intention of the Company that this Plan be so construed. APPROVALS 2007 MANAGEMENT INCENTIVE PLAN PLAN: Adopted by the Compensation Committee of the Board of Directors on: November 8, 2006 Approved by the Stockholders on: November 8, 2006 EXHIBIT C ANNUAL BONUS GRANT AGREEMENT THIS ANNUAL BONUS GRANT AGREEMENT ("Agreement") is made and entered into this __ day of __________, 2007, (the "Effective Date") by and between William Knight Robert Agresti (the "Executive") xxx Xxxxxx Xlobal Logistics, Inc., a Delaware corporation (the "Company").

NO TRUST OR ERISA PLAN CREATED. Nothing contained herein shall be deemed to create a trust of any kind or create any fiduciary relationship. Funds invested hereunder shall continue for all purposes to be a part of the general funds of the Company and no person, other than the Company, shall by virtue of the provisions of this Plan, have any interest in such funds. To the extent that any person acquires a right to receive payments from the Company under this Plan, such right shall be no greater than the right of any unsecured general creditor of the Company. Further, no provision of this Plan shall be construed as subjecting the Plan, or any portion thereof, to any provisions of ERISA, it being the express intention of the Company that this Plan be so construed. APPROVALS 2007 MANAGEMENT INCENTIVE PLAN PLAN: Adopted by the Compensation Committee of the Board of Directors on: November 8, 2006 Approved by the Stockholders on: November 8, 2006 EXHIBIT C ANNUAL BONUS GRANT AGREEMENT THIS ANNUAL BONUS GRANT AGREEMENT ("Agreement") is made and entered into this __ day of __________, 2007, (the "Effective Date") by and between William Knight Christopher Dombalis (the "ExecutiveExecxxxxx") xxx Xxxxxx Xlobal Logistics, Inc., a Delaware corporation (the "Company").