As referenced in this Stock Ownership Plan:
Armstrong Holdings, Inc – plan intended to qualify under Sections 401(a), 401(k) and 4975(e)(7)
of the Code, and as such is designed to invest primarily in the common stock of
Armstrong Holdings, Inc . All Trust assets acquired under the Plan as a result of
contributions, income and other additions to the Plan shall be administered,
distributed, forfeited and otherwise governed by the
_____________
Armstrong Holdings, Inc – and to make certain changes in the design of the employee
stock ownership portion of the Plan. The Plan was amended effective May 1, 2000
to reflect the establishment of Armstrong Holdings, Inc . and the investment,
beginning May 1, 2000, in the common stock of Armstrong Holdings Inc.
The Plan is amended effective December 1, 2000 (or as soon thereafter as
administratively
_____________
Armstrong Holdings Inc – the Plan. The Plan was amended effective May 1, 2000
to reflect the establishment of Armstrong Holdings, Inc. and the investment,
beginning May 1, 2000, in the common stock of Armstrong Holdings Inc .
The Plan is amended effective December 1, 2000 (or as soon thereafter as
administratively practicable) to cease all future contributions and allocations
to the employee stock ownership portion of
_____________
Armstrong Holdings, Inc – means the occurrence of any of the following events:
(1) any "person" becomes the "beneficial owner" of twenty-eight percent (28%) or
more of the then outstanding "voting stock" of Armstrong Holdings, Inc . and
within five years thereafter, "disinterested directors" cease to constitute a
majority of the entire Board of Directors of Armstrong Holdings, Inc.; or (2) a
"business combination" with an "
_____________
Armstrong Holdings, Inc – more of the then outstanding "voting stock" of Armstrong Holdings, Inc. and
within five years thereafter, "disinterested directors" cease to constitute a
majority of the entire Board of Directors of Armstrong Holdings, Inc .; or (2) a
"business combination" with an "interested shareholder" that has not been
approved by a majority of disinterested directors occurs. The terms "person,"
"beneficial owner," "voting stock," "disinterested
_____________
dt 1381689