KMG America – Employment Agreement (March 31st, 2005)
AGREEMENT made this 21st day of December, 2004, among KMG America Corporation, a Virginia corporation (Parent), Kanawha Insurance Company, a South Carolina corporation (the Company) and Robert E. Matthews (the Executive).
KMG America – SUPPLEMENTAL RETIREMENT AND DEFERRED COMPENSATION PLAN RESTATED AND AMENDED Effective as of January 1, 1998 RECITALS (March 31st, 2005)
This Kanawha Insurance Company Supplemental Retirement and Deferred Compensation Plan (the Plan) is adopted by Kanawha Insurance Company and Kanawha Healthcare Solutions, Inc. (the Employer) for certain of its executive or highly compensated employees. The purpose of the Plan is to provide those employees with supplemental retirement income and to offer those employees an opportunity to elect to defer the receipt of compensation in order to provide termination of employment and related benefits taxable pursuant to Section 451 of the Internal Revenue Code of 1986, as amended (the Code). The Plan is intended to be a Top Hat Plan (i.e., an unfunded deferred compensation plan maintained for a select group of management or highly compensated employees) under Sections 201(2), 301(a)(3), and 401(a)(1) of the Employee Retirement Income Security Act of 1974 (ERlSA).