Plan Purposes. The purposes of the Plan are two-fold: to xxxxxx achievement of corporate performance objectives and to recognize participants' contributions to corporate success. Participating employees realize current operating period awards when their performances result in attainment of pre-determined Company goals for growth, profitability, and efficiency. While performance-based variable compensation is intended to be an ongoing element of key employee compensation, the Plan as constituted herein is intended to operate for calendar year 2004 only.
Plan Purposes. The purposes of the Plan are to provide for the efficient and economical evaluation, processing, administration, defense and payment of claims against Plan Participants for Workers' Compensation and Employers' Liability Payments through self‐insurance and otherwise; to effect cost savings insofar as may be possible in Participants' expenses for such claims and services; to provide for centralized administration, funding, and disbursements for such services; to provide for risk management to reduce future liability for Workers' Compensation and Employers' Liability Payments; and to perform all other functions reasonably necessary and incident to such purposes, including, but not limited to, the obtaining of excess workers' compensation and employers' liability insurance for the Plan Participants in such amounts and on such terms as the Board of Trustees deems appropriate.
