TABLE OF CONTENTS

<body topmargin=0 leftmargin=0 marginheight=0 marginwidth=0> <table cellpadding=0 cellspacing=0 border=0><tr> <td valign="top" colspan=2 height=90 BGCOLOR="#006699" TEXT="#080000" bgproperties="fixed" background="0be285a1erlcgo.gif"> <div> <FONT SIZE="5" COLOR="#FFCC66" FACE="Arial" ><B>NONQUALIFIED PLANS</B></FONT><B>     |     </B><A HREF="index.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS"><U><B>home</B></U></A><B>                              </B><B>TABLE OF CONTENTS</B>   |   <A HREF="id48.htm" TARGET="_top" TITLE="FINAL EXAMINATION"><U>FINAL EXAMINATION</U></A></div> <div> <A HREF="id22.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS "><U>NONQUALIFIED PLANS </U></A>   |   <A HREF="id23.htm" TARGET="_top" TITLE="DEFERRED COMPENSATION"><U>DEFERRED COMPENSATION</U></A>   |   <A HREF="id24.htm" TARGET="_top" TITLE="EXECUTIVE BONUS PLANS"><U>EXECUTIVE BONUS PLANS</U></A>   |   <A HREF="id26.htm" TARGET="_top" TITLE="GROUP CARVE OUT PLANS"><U>GROUP CARVE OUT PLANS</U></A>   |   <A HREF="id25.htm" TARGET="_top" TITLE="TAKEOVER DEFENSES"><U>TAKEOVER DEFENSES</U></A>   |   <A HREF="id89.htm" TARGET="_top" TITLE="REVIEW QUESTIONS"><U>REVIEW QUESTIONS</U></A>   |   <A HREF="id50.htm" TARGET="_top" TITLE="PRINTABLE VERSION"><U>PRINTABLE VERSION</U></A></div> <div> </div> </td> </tr><tr> <td valign="top" width=210 BGCOLOR="#FFCC66" TEXT="#080000" background="0bdd2c00dkelyh.gif"> <div> <A HREF="http://www.wallstreetinstructors.com" TARGET="_top" TITLE="http://www.wallstreetinstructors.com"><U> <IMG SRC="0caaf630.gif" border=0 ALIGN="BOTTOM" HSPACE="0" VSPACE="0" width="175" height="99"></U></A></div> <div> copyright © 2002-2007 Wall Street Instructors, Inc.  All rights reserved.  </div> <bR> <div> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="164" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" BGCOLOR=#FFFFFF > <tR> <tD VALIGN=TOP HEIGHT= 20 ><NOBR><div> <A HREF="mailto:instructor@wallstreetinstructors.com" TARGET="_top" TITLE="mailto:instructor@wallstreetinstructors."><U><B>E-Mail An Instructor</B></U></A></div> </NOBR></tD> </tR> </TABLE></div> <bR> <bR> <bR> <bR> <bR> </td> <td valign="top" height=390 BGCOLOR="#FFFFFF" TEXT="#080000"> <div> <I><B>TABLE OF CONTENTS</B></I></div> <bR> <div> All study materials for this course are available on-line. To begin the interactive version, click a module link in the Table of Contents below. You may study the material in any order you wish — but<I><B>  we recommend following the NEXT link found on each page</B></I>. If you use the NEXT links, you will be sure you have studied all of the material. </div> <bR> <DIV ALIGN="LEFT"></DIV> <div> to begin the online study program click here...... </div> <bR> <div> <TABLE BORDER="2" CELLPADDING="1" CELLSPACING="1" WIDTH="97" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" BGCOLOR=#FFCC66 > <tR> <tD VALIGN=CENTER HEIGHT= 38 WIDTH="87"><div> <A HREF="id22.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS "><U><B><U>NEXT</U></B></U></A></div> </tD> </tR> </TABLE></div> <bR> <bR> <bR> <div> Print versions of the modules are also available. If you choose to study using the print version, be sure to complete the Module Reviews on-line before taking the final exam.</div> <bR> <bR> <div> <TABLE BORDER="1" CELLPADDING="2" CELLSPACING="1" WIDTH="770" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="NONE" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" BGCOLOR=#006699 > <tR> <tD VALIGN=TOP COLSPAN=7 HEIGHT= 36 WIDTH="736"><div> <B>TABLE OF CONTENTS</B></div> </tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 36 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="140"><div> <B>ONLINE STUDY MATERIAL</B></div> </tD> <tD VALIGN=TOP WIDTH="140"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="140" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="144"><div> <B>ONLINE REVIEW QUESTIONS</B></div> </tD> <tD VALIGN=TOP WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP><NOBR><div> <B>PRINT VERSION</B></div> </NOBR></tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 18 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="140"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="140" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="140"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="140" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="144"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="144" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="128"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="128" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 54 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="54" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <A HREF="id22.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS "><U>Module 1</U></A></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <B>Introduction to Non-Qualified Plans</B></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="144"><div> <A HREF="id91.htm" TARGET="_top" TITLE="Review Questions Module 1"><U>Module 1</U></A></div> </tD> <tD VALIGN=CENTER WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="54" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="128"><div> <A HREF="id54.htm" TARGET="_top" TITLE="Module 2: DEFERRED COMPENSATION PLANS"><U>Module 1</U></A></div> </tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="54" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 54 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="54" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <A HREF="id23.htm" TARGET="_top" TITLE="DEFERRED COMPENSATION"><U>Module 2</U></A></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <B> Deferred Compensation Plans</B></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="144"><div> <A HREF="id92.htm" TARGET="_top" TITLE="Review Questions Module 2"><U>Module 2</U></A></div> </tD> <tD VALIGN=CENTER WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="54" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="128"><div> <A HREF="id55.htm" TARGET="_top" TITLE="Module 3: EXECUTIVE BONUS"><U>Module 2</U></A></div> </tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="54" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 71 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="71" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <A HREF="id24.htm" TARGET="_top" TITLE="EXECUTIVE BONUS PLANS"><U>Module 3</U></A></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><bR> <div> <B>Executive </B></div> <div> <B>Bonus </B></div> <div> <B>Plans</B></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="144"><div> <A HREF="id93.htm" TARGET="_top" TITLE="Review Questions Module 3"><U>Module 3</U></A></div> </tD> <tD VALIGN=CENTER WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="71" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="128"><div> <A HREF="id56.htm" TARGET="_top" TITLE="Module 4: GROUP CARVEOUT PLANS"><U>Module 3</U></A></div> </tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="71" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 53 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="53" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <A HREF="id26.htm" TARGET="_top" TITLE="GROUP CARVE OUT PLANS"><U>Module 4</U></A></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <B>Group </B></div> <div> <B>Carve-Out </B></div> <div> <B>Plans</B></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="144"><div> <A HREF="id94.htm" TARGET="_top" TITLE="Review Questions Module 4"><U>Module 4</U></A></div> </tD> <tD VALIGN=CENTER WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="53" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="128"><div> <A HREF="id58.htm" TARGET="_top" TITLE="Module 4: TITLE"><U>Module 4</U></A></div> </tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="53" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 36 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <A HREF="id72.htm" TARGET="_top" TITLE="MODULE 6"><U>Module 5</U></A></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="140"><div> <B>Takeover </B></div> <div> <B>Defenses</B></div> </tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="144"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="144" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=CENTER BGCOLOR=#FFCC66 WIDTH="128"><div> <A HREF="id57.htm" TARGET="_top" TITLE="Module 5: TAKEOVER DEFENSES"><U>Module 5</U></A></div> </tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="36" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP BGCOLOR=#006699 HEIGHT= 18 WIDTH="67"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="67" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="140"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="140" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="140"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="140" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="144"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="144" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="71"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="71" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="128"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="128" HSPACE="0" VSPACE="0"></tD> <tD VALIGN=TOP WIDTH="40"><IMG BORDER="0" SRC="1x1.gif" HEIGHT="18" ALIGN="bottom" WIDTH="40" HSPACE="0" VSPACE="0"></tD> </tR> <tR> <tD VALIGN=TOP COLSPAN=7 BGCOLOR=#FFCC66 HEIGHT= 19 WIDTH="736"><div> <A HREF="id48.htm" TARGET="_top" TITLE="FINAL EXAMINATION"><U><B>FINAL EXAMINATION</B></U></A></div> </tD> </tR> </TABLE></div> <bR> <bR> <div> <A HREF="id22.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS "><U><B>Module 1</B></U></A><FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>:  Introduction to Non-Qualified Plans</B></FONT></div> <div> <A HREF="id65.htm" TARGET="_top" TITLE="NONQUALIFIED PLAN ADVANTAGES"><U>NONQUALIFIED PLAN ADVANTAGES</U></A></div> <div> <A HREF="id67.htm" TARGET="_top" TITLE="NONQUALIFIED PLAN DISADVANTAGES"><U>NONQUALIFIED PLAN DISADVANTAGES</U></A></div> <div> <A HREF="id68.htm" TARGET="_top" TITLE="TYPES OF NONQUALIFIED PROGRAMS"><U>TYPES OF NONQUALIFIED PROGRAMS</U></A></div> <div> <A HREF="id91.htm" TARGET="_top" TITLE="Review Questions Module 1"><U>Review Questions Module 1</U></A></div> <bR> <div> <A HREF="id23.htm" TARGET="_top" TITLE="DEFERRED COMPENSATION"><U><B>Module 2</B></U></A><FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>:  Deferred Compensation Plans</B></FONT></div> <div> <A HREF="id74.htm" TARGET="_top" TITLE="USES OF DEFERRED COMPENSATION"><U>USES OF DEFERRED COMPENSATION</U></A></div> <div> <A HREF="id75.htm" TARGET="_top" TITLE="PLAN BENEFITS"><U>PLAN BENEFITS</U></A></div> <div> <A HREF="id90.htm" TARGET="_top" TITLE="TYPES OF PLANS"><U>TYPES OF PLANS</U></A></div> <div> <A HREF="id103.htm" TARGET="_top" TITLE="DEFERRED COMPENSATION ARRANGEMENTS"><U>DEFERRED COMPENSATION ARRANGEMENTS</U></A></div> <div> <A HREF="id102.htm" TARGET="_top" TITLE="INSURANCE"><U>INSURANCE</U></A></div> <div> <A HREF="id101.htm" TARGET="_top" TITLE="TAXES"><U>TAXES</U></A></div> <div> <A HREF="id100.htm" TARGET="_top" TITLE="PROSPECTS"><U>PROSPECTS</U></A></div> <div> <A HREF="id92.htm" TARGET="_top" TITLE="Review Questions Module 2"><U>Review Questions Module 2</U></A></div> <bR> <div> <A HREF="id24.htm" TARGET="_top" TITLE="EXECUTIVE BONUS PLANS"><U><B>Module 3</B></U></A><FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>:   Executive Bonus Plans</B></FONT></div> <div> <A HREF="id77.htm" TARGET="_top" TITLE="THE FUNDAMENTALS OF AN EXECUTIVE BONUS P"><U>THE FUNDAMENTALS OF AN EXECUTIVE BONUS PLAN</U></A></div> <div> <A HREF="id78.htm" TARGET="_top" TITLE="ADVANTAGES OF EXECUTIVE BONUS PLANS"><U>ADVANTAGES OF EXECUTIVE BONUS PLANS</U></A></div> <div> <A HREF="id79.htm" TARGET="_top" TITLE="DISADVANTAGES OF EXECUTIVE BONUS PLANS"><U>DISADVANTAGES OF EXECUTIVE BONUS PLANS</U></A></div> <div> <A HREF="id80.htm" TARGET="_top" TITLE="PLAN PARTICIPATION CONSIDERATIONS"><U>PLAN PARTICIPATION CONSIDERATIONS</U></A></div> <div> <A HREF="id81.htm" TARGET="_top" TITLE="PLAN DESIGN"><U>PLAN DESIGN</U></A></div> <div> <A HREF="id106.htm" TARGET="_top" TITLE="TAXATION OF AN EXECUTIVE BONUS PLAN"><U>TAXATION OF AN EXECUTIVE BONUS PLAN</U></A></div> <div> <A HREF="id93.htm" TARGET="_top" TITLE="Review Questions Module 3"><U>Review Questions Module 3</U></A></div> <bR> <bR> <div> <A HREF="id26.htm" TARGET="_top" TITLE="GROUP CARVE OUT PLANS"><U><B>Module 4</B></U></A><FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>:  Group Carve Out Plans</B></FONT></div> <div> <A HREF="id83.htm" TARGET="_top" TITLE="GROUP TERM LIFE INSURANCE"><U>GROUP TERM LIFE INSURANCE</U></A></div> <div> <A HREF="id84.htm" TARGET="_top" TITLE="BASIC ASPECTS OF GROUP CARVEOUT"><U>BASIC ASPECTS OF GROUP CARVE-OUT</U></A></div> <div> <A HREF="id85.htm" TARGET="_top" TITLE="ADVANTAGES OF GROUP CARVEOUTS"><U>ADVANTAGES OF GROUP CARVE-OUTS</U></A></div> <div> <A HREF="id86.htm" TARGET="_top" TITLE="GROUP CARVEOUT TAX ISSUES"><U>GROUP CARVE-OUT TAX ISSUES</U></A></div> <div> <A HREF="id94.htm" TARGET="_top" TITLE="Review Questions Module 4"><U>Review Questions Module 4</U></A></div> <bR> <div> <A HREF="id72.htm" TARGET="_top" TITLE="MODULE 6"><U><B>Module 5</B></U></A><FONT SIZE="2" COLOR="#000000" FACE="Arial" ><B>: Takeover Defenses</B></FONT></div> <bR> <div> <A HREF="id89.htm" TARGET="_top" TITLE="REVIEW QUESTIONS"><U><B>REVIEW QUESTIONS</B></U></A></div> <bR> <div> <A HREF="id48.htm" TARGET="_top" TITLE="FINAL EXAMINATION"><U><B>FINAL EXAMINATION</B></U></A></div> <bR> <div> <A HREF="id50.htm" TARGET="_top" TITLE="PRINTABLE VERSION"><U><B>PRINTABLE VERSIONS</B></U></A></div> <div> <A HREF="id51.htm" TARGET="_top" TITLE="Module 1: OVERVIEW OF NONQUALIFIED PLANS"><U>Module 1: OVERVIEW OF NONQUALIFIED PLANS</U></A></div> <div> <A HREF="id54.htm" TARGET="_top" TITLE="Module 2: DEFERRED COMPENSATION PLANS"><U>Module 2: DEFERRED COMPENSATION PLANS</U></A></div> <div> <A HREF="id55.htm" TARGET="_top" TITLE="Module 3: EXECUTIVE BONUS"><U>Module 3: EXECUTIVE BONUS</U></A></div> <div> <A HREF="id56.htm" TARGET="_top" TITLE="Module 4: GROUP CARVEOUT PLANS"><U>Module 4: GROUP CARVE-OUT PLANS</U></A></div> <div> <A HREF="id57.htm" TARGET="_top" TITLE="Module 5: TAKEOVER DEFENSES"><U>Module 5: TAKEOVER DEFENSES</U></A></div> <DIV ALIGN="LEFT"></DIV> <div> <TABLE BORDER="2" CELLPADDING="2" CELLSPACING="1" WIDTH="76" BORDERCOLORLIGHT="#C0C0C0" BORDERCOLORDARK="#808080" FRAME="BOX" RULES="ALL" ALIGN="BOTTOM" HSPACE="0" VSPACE="0" BGCOLOR=#FFCC66 > <tR> <tD VALIGN=TOP HEIGHT= 23 WIDTH="64"><div> <A HREF="id22.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS "><U><B>NEXT</B></U></A></div> </tD> </tR> </TABLE></div> <div> <I><B>  </B></I></div> <bR> <div> <A HREF="id22.htm" TARGET="_top" TITLE="NONQUALIFIED PLANS "><U>NONQUALIFIED PLANS </U></A></div> <div> <A HREF="id23.htm" TARGET="_top" TITLE="DEFERRED COMPENSATION"><U>DEFERRED COMPENSATION</U></A></div> <div> <A HREF="id24.htm" TARGET="_top" TITLE="EXECUTIVE BONUS PLANS"><U>EXECUTIVE BONUS PLANS</U></A></div> <div> <A HREF="id26.htm" TARGET="_top" TITLE="GROUP CARVE OUT PLANS"><U>GROUP CARVE OUT PLANS</U></A></div> <div> <A HREF="id25.htm" TARGET="_top" TITLE="TAKEOVER DEFENSES"><U>TAKEOVER DEFENSES</U></A></div> <div> <A HREF="id89.htm" TARGET="_top" TITLE="REVIEW QUESTIONS"><U>REVIEW QUESTIONS</U></A></div> <div> <A HREF="id50.htm" TARGET="_top" TITLE="PRINTABLE VERSION"><U>PRINTABLE VERSION</U></A></div> <bR> <bR> </td> </tr></table></body>