XXXXXXXX FEDERAL SAVINGS BANK
SALARY CONTINUATION AGREEMENT
THIS AGREEMENT is adopted this 1st day of November, 2002, by and between
XXXXXXXX FEDERAL SAVINGS BANK, a federally-chartered savings bank located in
Newberry, South Carolina (the "Bank"), and Xxxxx Xxxxxx Xxxxxxx (the
"Executive").
INTRODUCTION
To encourage the Executive to remain an employee of the Bank, the Bank is
willing to provide salary continuation benefits to the Executive. The Bank will
pay the benefits from its general assets.
AGREEMENT
The Bank and the Executive agree as follows:
Article 1
Definitions
Whenever used in this Agreement, the following words and phrases shall have
the meanings specified:
1.1 "Benefit Amount" means $30,000.
1.2 "Change of Control" means with respect to the Bank or Dutchfork
Bancshares, Inc. (the "Company"), an event of a nature that: (i) results in a
Change of Control of the Bank or the Company within the meaning of the Home
Owners' Loan Act of 1933, as amended and the Rules and Regulations promulgated
by the Office of Thrift Supervision ("OTS") (or its predecessor agency), as in
effect on the date hereof; or (ii) without limitation such a Change of Control
shall be deemed to have occurred at such time as (A) any "person" (as the term
is used in Sections 13(d) and 14(d) of the Exchange Act) is or becomes the
"beneficial owner" (as defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of voting securities of the Bank or the Company representing 25%
or more of the Bank's or the Company's outstanding voting securities or right to
acquire such securities except for any voting securities of the Bank purchased
by the Company and any voting securities purchased by any employee benefit plan
of the Company or its Subsidiaries, or (B) individuals who constitute the Board
on the date hereof (the "Incumbent Board") cease for any reason to constitute at
least a majority thereof, provided that any person becoming a director
subsequent to the date hereof whose election was approved by a vote of at least
three-quarters of the directors comprising the Incumbent Board, or whose
nomination for election by the Company's stockholders was approved by a
Nominating Committee solely composed of members which are Incumbent Board
members, shall be, for purposes of this clause (B), considered as though he were
a member of the Incumbent Board, or (C) a plan of reorganization, merger,
consolidation, sale of all or substantially all the assets of the Bank or the
Company or similar transaction is consummated in which the Bank or Company is
not the resulting entity.
1.3 "Code" means the Internal Revenue Code of 1986, as amended.
1.4 "Disability" means any mental or physical condition with respect to
which the Executive qualifies for and receives benefits for under a long-term
disability plan of the Company or the Bank, or in the absence of such a
long-term disability plan or coverage under such a plan, "Disability" shall mean
a physical or mental condition which, in the sole discretion of the Board of
Directors, is reasonably expected to be of indefinite duration and to
substantially prevent the Executive from fulfilling his or her duties or
responsibilities to the Company or the Bank.
1.5 "Early Termination" means the Termination of Employment before Normal
Retirement Age for reasons other than death, Disability, or following a Change
of Control.
1.6 "Early Termination Date" means the month, day and year in which Early
Termination occurs.
1.7 "Effective Date" means November 1, 2002.
1.8 "Normal Retirement Age" means the final day (October 31st) of the Plan
Year in which the Executive's 63rd birthday occurs.
1.9 "Normal Retirement Date" means the later of the Normal Retirement Age
or Termination of Employment.
1.10 "Plan Year" means a twelve-month period commencing on November 1st and
ending on October 31st of the following year. The initial Plan Year shall
commence on the Effective Date of this Agreement.
1.11 "Termination for Cause" See Section 5.2.
1.12 "Termination of Employment" means that the Executive ceases to be
employed by the Bank for any reason, voluntary or involuntary, other than by
reason of a leave of absence approved by the Bank.
1.13 "Vesting Percentage" means one hundred percent (100%).
Article 2
Lifetime Benefits
2.1 Normal Retirement Benefit. Upon Termination of Employment on or after
the Normal Retirement Age for reasons other than death, the Bank shall pay to
the Executive the benefit described in this Section 2.1 in lieu of any other
Lifetime Benefits under this Agreement.
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2.1.1 Amount of Benefit. The annual benefit under this Section 2.1 is the
Benefit Amount.
2.1.2 Payment of Benefit. The Bank shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the month following
the Executive's Normal Retirement Date, paying the annual benefit to the
Executive for a period of seventeen years.
2.2 Early Termination Benefit. Upon Early Termination, the Bank shall pay
to the Executive the benefit described in this Section 2.2 in lieu of any other
Lifetime Benefits under this Agreement.
2.2.1 Amount of Benefit. The benefit under this Section 2.2 is the
Early Termination Annual Benefit set forth in Schedule A for the Plan Year
ending immediately prior to the Early Termination Date (except during the
first Plan Year, the benefit is the amount set forth for Plan Year 1),
determined by multiplying the Accrual Balance set forth in Schedule A for
the Plan Year ending immediately prior to the Early Termination Date by the
Vesting Percentage. Any increase in the Benefit Amount would require the
recalculation of the Early Termination Annual Benefit on Schedule A. The
benefit is determined by calculating a two-hundred four month fixed annuity
from the vested Accrual Balance, crediting interest on the unpaid balance
at an annual rate of eight percent, compounded monthly.
2.2.2 Payment of Benefit. The Bank shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the month
following the Normal Retirement Age, paying the annual benefit to the
Executive for a period of seventeen years.
2.3 Disability Benefit. If the Executive terminates employment due to
Disability prior to Normal Retirement Age, other than following a Change of
Control, the Bank shall pay to the Executive the benefit described in this
Section 2.3 in lieu of any other Lifetime Benefits under this Agreement.
2.3.1 Amount of Benefit. The benefit under this Section 2.3 is the
Disability Annual Benefit set forth in Schedule A for the Plan Year ending
immediately prior to the date in which the Termination of Employment occurs
(except during the first Plan Year, the benefit is the amount set forth for
Plan Year 1), determined by vesting the Executive in 100 percent of the
Accrual Balance. Any increase in the Benefit Amount would require the
recalculation of the Disability Annual Benefit on Schedule A. This benefit
is determined by calculating a two-hundred four month fixed annuity from
the Accrual Balance crediting interest on the unpaid balance at an annual
rate of eight percent, compounded monthly.
2.3.2 Payment of Benefit. The Bank shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the month
following the Normal Retirement Age, paying the annual benefit to the
Executive for a period of seventeen years.
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2.4 Change of Control Benefit. Upon Termination of Employment following a
Change of Control, the Bank shall pay to the Executive the benefit described in
this Section 2.4 in lieu of any other Lifetime Benefits under this Agreement.
2.4.1 Amount of Benefit. The benefit under this Section 2.4 is the
Change of Control Annual Benefit set forth in Schedule A for the Plan Year
ending immediately prior to the date in which Termination of Employment
occurs (except during the first Plan Year, the benefit is the amount set
forth for Plan Year 1), determined by vesting the Executive in the Benefit
Amount. Any increase in the Benefit Amount would require the recalculation
of the Change of Control Annual Benefit on Schedule A.
2.4.2 Payment of Benefit. The Bank shall pay the annual benefit to the
Executive in 12 equal monthly installments commencing with the month
following the Normal Retirement Age, paying the annual benefit to the
Executive for a period of seventeen years.
Article 3
Death Benefits
3.1 Death During Active Service. If the Executive dies while in the active
service of the Bank, the Bank shall pay to the Executive's beneficiary the
benefit described in this Section 3.1. This benefit shall be paid in lieu of the
benefits under Article 2.
3.1.1 Amount of Benefit. The benefit under this Section 3.1 is the
Accrual Balance set forth in Schedule A for the Plan Year ending
immediately prior to the date of the Executive's death.
3.1.2 Payment of Benefit. The Bank shall pay the benefit to the
Executive's beneficiary in a lump sum within 90 days following the
Executive's death.
3.2 Death During Payment of a Lifetime Benefit. If the Executive dies after
any Lifetime Benefit payments have commenced under this Agreement but before
receiving all such payments, the Bank shall pay the remaining Accrual Balance at
the time of the Executive's death to the Executive's beneficiary in a lump sum
within 90 days of the Executive's death.
3.3 Death After Termination of Employment But Before Payment of a Lifetime
Benefit Commences. If the Executive is entitled to a Lifetime Benefit under this
Agreement, but dies prior to the commencement of said benefit payments, the Bank
shall pay the Accrual Balance at the time of the Executive's death to the
Executive's beneficiary in a lump sum within 90 days of the Executive's death.
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Article 4
Beneficiaries
4.1 Beneficiary Designations. The Executive shall designate a beneficiary
by filing a written designation with the Bank. The Executive may revoke or
modify the designation at any time by filing a new designation. However,
designations will only be effective if signed by the Executive and received by
the Bank during the Executive's lifetime. The Executive's beneficiary
designation shall be deemed automatically revoked if the beneficiary predeceases
the Executive, or if the Executive names a spouse as beneficiary and the
marriage is subsequently dissolved. If the Executive dies without a valid
beneficiary designation, all payments shall be made to the Executive's estate.
4.2 Facility of Payment. If a benefit is payable to a minor, to a person
declared incompetent, or to a person incapable of handling the disposition of
his or her property, the Bank may pay such benefit to the guardian, legal
representative or person having the care or custody of such minor, incompetent
person or incapable person. The Bank may require proof of incompetence, minority
or guardianship as it may deem appropriate prior to distribution of the benefit.
Such distribution shall completely discharge the Bank from all liability with
respect to such benefit.
Article 5
General Limitations
5.1 Suicide or Misstatement. The Bank shall not pay any benefit under this
Agreement if the Executive commits suicide within three years after the date of
this Agreement. In addition, the Bank shall not pay any benefit under this
Agreement if the Executive has made any material misstatement of fact on an
employment application or resume provided to the Bank, or on any application for
any benefits provided by the Bank to the Executive.
5.2 Termination for Cause. Notwithstanding any provision of this Agreement
to the contrary, the Bank shall not pay any benefit under this Agreement if the
Bank terminates the Executive's employment for:
(a) Gross negligence or gross neglect of duties;
(b) Commission of a felony or of a gross misdemeanor involving moral
turpitude; or
(c) Misconduct, any breach of fiduciary duty involving personal
profit, intentional failure to perform stated duties or willful violation
of any law, rule, regulation (other than traffic violations) or final cease
and desist order; or
(d) A significant violation of Bank policy committed in connection
with the Director's service and resulting in an adverse effect on the Bank.
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Article 6
Claims and Review Procedures
6.1 For all claims other than disability claims:
6.1.1 Claims Procedure. The Executive or beneficiary ("claimant") who
has not received benefits under the Plan that he or she believes should be
paid shall make a claim for such benefits as follows:
6.1.1.1 Initiation - Written Claim. The claimant initiates a claim by
submitting to the Bank a written claim for the benefits.
6.1.1.2 Timing of Bank Response. The Bank shall respond to such
claimant within 90 days after receiving the claim. If the Bank determines
that special circumstances require additional time for processing the
claim, the Bank can extend the response period by an additional 90 days by
notifying the claimant in writing, prior to the end of the initial 90-day
period, that an additional period is required. The notice of extension must
set forth the special circumstances and the date by which the Bank expects
to render its decision.
6.1.1.3 Notice of Decision. If the Bank denies part or all of the
claim, the Bank shall notify the claimant in writing of such denial. The
Bank shall write the notification in a manner calculated to be understood
by the claimant. The notification shall set forth:
(a) The specific reasons for the denial,
(b) A reference to the specific provisions of the Agreement on which
the denial is based,
(c) A description of any additional information or material necessary
for the claimant to perfect the claim and an explanation of why
it is needed,
(d) An explanation of the Agreement's review procedures and the time
limits applicable to such procedures, and
(e) A statement of the claimant's right to bring a civil action under
ERISA Section 502(a) following an adverse benefit determination
on review.
6.1.2 Review Procedure. If the Bank denies part or all of the claim, the
claimant shall have the opportunity for a full and fair review by the Bank of
the denial, as follows:
6.1.2.1 Initiation - Written Request. To initiate the review, the claimant,
within 60 days after receiving the Bank's notice of denial, must file with the
Bank a written request for review.
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6.1.2.2 Additional Submissions - Information Access. The claimant shall
then have the opportunity to submit written comments, documents, records and
other information relating to the claim. The Bank shall also provide the
claimant, upon request and free of charge, reasonable access to, and copies of,
all documents, records and other information relevant (as defined in applicable
ERISA regulations) to the claimant's claim for benefits.
6.1.2.3 Considerations on Review. In considering the review, the Bank shall
take into account all materials and information the claimant submits relating to
the claim, without regard to whether such information was submitted or
considered in the initial benefit determination.
6.1.2.4 Timing of Bank Response. The Bank shall respond in writing to such
claimant within 60 days after receiving the request for review. If the Bank
determines that special circumstances require additional time for processing the
claim, the Bank can extend the response period by an additional 60 days by
notifying the claimant in writing, prior to the end of the initial 60-day
period, that an additional period is required. The notice of extension must set
forth the special circumstances and the date by which the Bank expects to render
its decision.
6.1.2.5 Notice of Decision. The Bank shall notify the claimant in writing
of its decision on review. The Bank shall write the notification in a manner
calculated to be understood by the claimant. The notification shall set forth:
(a) The specific reasons for the denial,
(b) A reference to the specific provisions of the Agreement on which
the denial is based,
(c) A statement that the claimant is entitled to receive, upon
request and free of charge, reasonable access to, and copies of,
all documents, records and other information relevant (as defined
in applicable ERISA regulations) to the claimant's claim for
benefits, and
(d) A statement of the claimant's right to bring a civil action under
ERISA Section 502(a).
6.2 For disability claims:
6.2.1 Claims Procedures. The Executive or beneficiary ("claimant") who
has not received benefits under the Agreement that he or she believes
should be paid shall make a claim for such benefits as follows:
6.2.1.1 Initiation - Written Claim. The claimant initiates a claim by
submitting to the Bank a written claim for the benefits.
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6.2.1.2 Timing of Bank Response. The Bank shall notify the claimant in
writing of any adverse determination as set out in this Section.
6.2.1.3 Notice of Decision. If the Bank denies part or all of the
claim, the Bank shall notify the claimant in writing of such denial. The
Bank shall write the notification in a manner calculated to be understood
by the claimant. The notification shall set forth:
(a) The specific reasons for the denial,
(b) A reference to the specific provisions of the Agreement on which
the denial is based,
(c) A description of any additional information or material necessary
for the claimant to perfect the claim and an explanation of why
it is needed,
(d) An explanation of the Agreement's review procedures and the time
limits applicable to such procedures,
(e) A statement of the claimant's right to bring a civil action under
ERISA Section 502(a) following an adverse benefit determination
on review,
(f) Any internal rule, guideline, protocol, or other similar
criterion relied upon in making the adverse determination, or a
statement that such a rule, guideline, protocol, or other similar
criterion was relied upon in making the adverse determination and
that the claimant can request and receive free of charge a copy
of such rule, guideline, protocol or other criterion from the
Bank, and
(g) If the adverse benefit determination is based on a medical
necessity or experimental treatment or similar exclusion or
limit, either an explanation of the scientific or clinical
judgment for the determination, applying the terms of the
Agreement to the claimant's medical circumstances, or a statement
that such explanation will be provided free of charge upon
request.
6.2.1.4 Timing of Notice of Denial/Extensions. The Bank shall notify
the claimant of denial of benefits in writing not later than 45 days after
receipt of the claim by the Agreement. The Bank may elect to extend
notification by two 30-day periods subject to the following requirements:
(a) For the first 30-day extension, the Bank shall notify the
claimant (1) of the necessity of the extension and the factors
beyond the
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Agreement's control requiring an extension; (2) prior to the end
of the initial 45-day period; and (3) of the date by which the
Agreement expects to render a decision.
(b) If the Bank determines that a second 30-day extension is
necessary based on factors beyond the Agreement's control, the
Bank shall follow the same procedure in (a) above, with the
exception that the notification must be provided to the claimant
before the end of the first 30-day extension period.
(c) For any extension provided under this section, the Notice of
Extension shall specifically explain the standards upon which
entitlement to a benefit is based, the unresolved issues that
prevent a decision on the claim, and the additional information
needed to resolve those issues. The claimant shall be afforded 45
days within which to provide the specified information.
6.2.2 Review Procedures - Denial of Benefits. If the Bank denies part
or all of the claim, the claimant shall have the opportunity for a full and
fair review by the Bank of the denial, as follows:
6.2.2.1 Initiation of Appeal. Within 180 days following notice of
denial of benefits, the claimant shall initiate an appeal by submitting a
written notice of appeal to the Bank.
6.2.2.2 Submissions on Appeal - Information Access. The claimant shall
be allowed to provide written comments, documents, records, and other
information relating to the claim for benefits. The Bank shall provide to
the claimant, upon request and free of charge, reasonable access to, and
copies of, all documents, records, and other information relevant (as
defined in applicable ERISA regulations) to the claimant's claim for
benefits.
6.2.2.3 Additional Bank Responsibilities on Appeal. On appeal, the
Bank shall:
(a) Take into account all materials and information the claimant
submits relating to the claim, without regard to whether such
information was submitted or considered in the initial benefit
determination;
(b) Provide for a review that does not afford deference to the
initial adverse benefit determination and that is conducted by an
appropriate named fiduciary of the Agreement who is neither the
individual who made the adverse benefit determination that is the
subject of the appeal, nor the subordinate of such individual;
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(c) In deciding an appeal of any adverse benefit determination that
is based in whole or in part on a medical judgment, including
determinations with regard to whether a particular treatment,
drug, or other item is experimental, investigational, or not
medically necessary or appropriate, consult with a health care
professional who has appropriate training and experience in the
field of medicine involved in the medical judgment;
(d) Identify medical or vocational experts who advise was obtained on
behalf of the Agreement in connection with a claimant's adverse
benefit determination, without regard to whether the advice was
relied upon in making the benefit determination; and
(e) Ensure that the health care professional engaged for purposes of
a consultation under subjection (c) above shall be an individual
who was neither an individual who was consulted in connection
with the adverse benefit determination that is the subject of the
appeal, nor the subordinate of any such individual.
6.2.2.4 Timing of Notification of Benefit Denial - Appeal Denial. The
Bank shall notify the claimant not later than 45 days after receipt of the
claimant's request for review by the Agreement, unless the Bank determines
that special circumstances require an extension of time for processing the
claim. If the Bank determines that an extension is required, written notice
of such shall be furnished to the claimant prior to the termination of the
initial 45-day period, and such extension shall not exceed 45 days. The
Bank shall indicate the special circumstances requiring an extension of
time and the date by which the Agreement expects to render the
determination on review.
6.2.2.5 Content of Notification of Benefit Denial. The Bank shall
provide the claimant with a notice calculated to be understood by the
claimant, which shall contain:
(a) The specific reason or reasons for the adverse determination;
(b) Reference to the specific Agreement provisions on which the
benefit determination is based;
(c) A statement that the claimant is entitled to receive, upon
request and free of charge, reasonable access to, and copies of
all documents, records, and other relevant information (as
defined in applicable ERISA regulations);
(d) A statement of the claimant's rights to bring an action under
ERISA Section 502(a);
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(e) Any internal rule, guideline, protocol, or other similar
criterion relied upon in making the adverse determination, or a
statement that such a rule, guideline, protocol, or other similar
criterion was relied upon in making the adverse determination and
that the claimant can request and receive free of charge a copy
of such rule, guideline, protocol or other criterion from the
Bank;
(f) If the adverse benefit determination is based on a medical
necessity or experimental treatment or similar exclusion or
limit, either an explanation of the scientific or clinical
judgment for the determination, applying the terms of the
Agreement to the claimant's medical circumstances, or a statement
that such explanation will be provided free of charge upon
request; and
(g) The following statement: "You and your Agreement may have other
voluntary alternative dispute resolution options such as
mediation. One way to find out what may be available is to
contact your local U.S. Department of Labor Office and your state
insurance regulatory agency."
Article 7
Amendments and Termination
This Agreement may be amended or terminated only by a written agreement
signed by the Bank and the Executive.
Article 8
Miscellaneous
8.1 Binding Effect. This Agreement shall bind the Executive and the Bank,
and their beneficiaries, survivors, executors, successors, administrators and
transferees.
8.2 No Guarantee of Employment. This Agreement is not an employment policy
or contract. It does not give the Executive the right to remain an employee of
the Bank, nor does it interfere with the Bank's right to discharge the
Executive. It also does not require the Executive to remain an employee nor
interfere with the Executive's right to terminate employment at any time.
8.3 Non-Transferability. Benefits under this Agreement cannot be sold,
transferred, assigned, pledged, attached or encumbered in any manner.
8.4 Reorganization. The Bank shall not merge or consolidate into or with
another company, or reorganize, or sell substantially all of its assets to
another company, firm, or person unless such succeeding or continuing company,
firm, or person agrees to assume and discharge the obligations of the Bank under
this Agreement. Upon the occurrence of such event, the term "Bank" as used in
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this Agreement shall be deemed to refer to the successor or survivor company.
8.5 Tax Withholding. The Bank shall withhold any taxes that are required to
be withheld from the benefits provided under this Agreement.
8.6 Applicable Law. The Agreement and all rights hereunder shall be
governed by the laws of the State of South Carolina, except to the extent
preempted by the laws of the United States of America.
8.7 Unfunded Arrangement. The Executive and beneficiary are general
unsecured creditors of the Bank for the payment of benefits under this
Agreement. The benefits represent the mere promise by the Bank to pay such
benefits. The rights to benefits are not subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance, attachment, or
garnishment by creditors. Any insurance on the Executive's life is a general
asset of the Bank to which the Executive and beneficiary have no preferred or
secured claim.
8.8 Entire Agreement. This Agreement constitutes the entire agreement
between the Bank and the Executive as to the subject matter hereof. No rights
are granted to the Executive by virtue of this Agreement other than those
specifically set forth herein.
8.9 Administration. The Bank shall have powers which are necessary to
administer this Agreement, including but not limited to:
(a) Establishing and revising the method of accounting for the
Agreement;
(b) Maintaining a record of benefit payments;
(c) Establishing rules and prescribing any forms necessary or
desirable to administer the Agreement; and
(d) Interpreting the provisions of the Agreement.
8.10 Named Fiduciary. The Bank shall be the named fiduciary and plan
administrator under this Agreement. It may delegate to others certain aspects of
the management and operational responsibilities including the employment of
advisors and the delegation of ministerial duties to qualified individuals.
IN WITNESS WHEREOF, the Executive and the Bank have signed this Agreement.
EXECUTIVE: XXXXXXXX FEDERAL SAVINGS BANK
/s/ Xxxxx Xxxxxx Xxxxxxx By /s/ Xxxxx X. Xxxxx
------------------------ -------------------------
Xxxxx Xxxxxx Xxxxxxx
Title President
------------------------
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BENEFICIARY DESIGNATION
XXXXXXXX FEDERAL SAVINGS BANK
SALARY CONTINUATION AGREEMENT
XXXXX XXXXXX XXXXXXX
I designate the following as beneficiary of any death benefits under this
Agreement:
Primary: Xxxxxxxxx X. Xxxxxxx
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Spouse
--------------------------------------------------------------------------------
Contingent:Per will
---------------------------------------------------------------------
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Note:To name a trust as beneficiary, please provide the name of the trustee(s)
and the exact name and date of the trust agreement.
I understand that I may change these beneficiary designations by filing a new
written designation with the Bank. I further understand that the designations
will be automatically revoked if the beneficiary predeceases me, or, if I have
named my spouse as beneficiary and our marriage is subsequently dissolved.
Signature /s/ Xxxxx Xxxxxx Xxxxxxx
------------------------------
Date April 20, 2003
----------------------------------
Received by the Bank this 24th day of April, 2003.
---- ----
By /s/ Xxxxx X. Xxxxx
-------------------------
Title President
------------------------
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XXXXXXXX FEDERAL SAVINGS BANK
XXXXX XXXXXX XXXXXXX
Salary Continuation Agreement
Schedule A
Early Early Change of Disability
Plan Termination Vested Termination Control Annual
Year Benefit Accrual Vesting Accrual Annual Benefit Annual Benefit Benefit
Ending Level Balance Schedule Balance Payable at 63 Payable at 63 Payable at 63
Oct-03 30,000 31,112 100% 31,112 5,375 30,000 5,375
Oct-04 30,000 64,807 100% 64,807 10,339 30,000 10,339
Oct-05 30,000 101,299 100% 101,299 14,922 30,000 14,922
Oct-06 30,000 140,819 100% 140,819 19,153 30,000 19,153
Oct-07 30,000 183,619 100% 183,619 23,061 30,000 23,061
Oct-08 30,000 229,972 100% 229,972 26,669 30,000 26,669
Oct-09 30,000 280,172 100% 280,172 30,000 30,000 30,000
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