Floor Amount Clause Samples

Floor Amount. 4 fraud......................................................................4 GAAP.......................................................................4

Floor Amount. The Floor Amount is equal to the Floor Amount Percentage multiplied by the difference between a Participant’s Ongoing Prior Plan Amount and Current Plan Amount, measured at date of termination of the Participant’s employment or December 31, 2006, whichever is earlier. For Participants who terminated employment before December 31, 2006, the Floor Amount is credited with interest at 6.5% per annum from date of termination to December 31, 2007. For Participants who were employed by Bank of America or its affiliates on December 31, 2006, the Floor Amount is credited with interest at 6.5% per annum for calendar year 2007.