LANDSTAR SYSTEM, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN ADOPTION AGREEMENT (Including Code §409A provisions) Effective January 1, 2015Adoption Agreement • February 23rd, 2015 • Landstar System Inc • Trucking (no local)
Landstar System, Inc. heretofore established the Landstar System, Inc. Supplemental Executive Retirement Plan (the “Plan”), effective February 1, 1994, to provide a select group of management or highly compensated employees of the Employer and its designated affiliates the opportunity to save for retirement through deferrals of salary and bonuses. Sponsorship of the Plan was transferred to Landstar System Holdings, Inc. (the “Employer”) effective February 25, 2008.
