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Subscribers | 2002 |
Administrative Services Agreement
Administrative Services Agreement (8K)
Doc #101886: Click preview link for longer preview.
ADMINISTRATIVE SERVICES AGREEMENT
ADMINISTRATIVE SERVICES AGREEMENT, dated as of October 3,
2002 between ISKO DOKUMA ISLETMELERI SANAYI VE TICARET A.S. ("Isko"), a
corporation organized under the laws of Turkey, and ISKONE DENIM PAZARLAMA A.S.
("JV"), a corporation organized under the laws of Turkey.
RECITALS
A. JV has been formed and organized by Isko, and Cone Mills
Corporation ("Cone"), a corporation organized under the laws of the State of
North Carolina, United States of America, to sell denim fabrics to Levi Strauss
Europe or its 100% owned subsidiaries ("LSE") for Levi's(R) 501(R) jeans, such
fabrics to be marketed to LSE by Cone and produced by Isko based upon orders
allocated by Cone and accepted by Isko.
B. Formation and operation of JV will provide Isko with the
opportunity to distribute a wider variety of products.
C. In connection with the foregoing, Isko has agreed to
provide JV support for certain administrative services and assistance, thereby
creating a mutually beneficial arrangement, all upon the terms and conditions
set forth in this Agreement.
NOW, THEREFORE, in consideration of the mutual agreements and
covenants set forth herein, the parties hereto agree as follows:
101886
|
Cone Mills
As referenced in this Administrative Services Agreement:
CONE MILLS CORP –
CONE MILLS CORP
_____________
dt 1849986
;
Isko Dokuma
As referenced in this Administrative Services Agreement:
ISKO DOKUMA ISLETMELERI SANAYI VE TICARET – DOCUMENT}
{TYPE}EX-10
{SEQUENCE}7
Exhibit 10.27.5
ADMINISTRATIVE SERVICES AGREEMENT
ADMINISTRATIVE SERVICES AGREEMENT, dated as of October 3,
2002 between ISKO DOKUMA ISLETMELERI SANAYI VE TICARET A.S. ("Isko"), a
corporation organized under the laws of Turkey, and ISKONE DENIM PAZARLAMA A.S.
("JV"), a corporation organized under the
_____________
Isko Dokuma Isletmeleri Sanayi ve Ticaret – deemed validly given upon personal delivery or one day
after being sent by telecopy or overnight courier service, (i) if to Isko at:
Isko Dokuma Isletmeleri Sanayi ve Ticaret A.S., Organize Sanayi Bolgesi, 3.
Cadde 16425, Inegol/BURSA, telecopy: +90-224-714-8016, and (ii) if to JV at:
Organize Sanayi
_____________
ISKO DOKUMA ISLETMELERI SANAYI
VE TICARET – parties.
3
{PAGE}
IN WITNESS WHEREOF, the parties hereto have caused this
Agreement to be executed as of the date first above written.
ISKO DOKUMA ISLETMELERI SANAYI
VE TICARET A.S.
By /s/ Zekeriye Konukuglu
Name: Zekeriye Konukuglu
Title:
ISKONE DENIM PAZARLAMA A.S.
By /s/ Oguzhan Gurdogan
Name: Oguzhan Gurdogan
Title:
_____________
dt 220327
;
|
Mills
As referenced in this Administrative Services Agreement:
Mills
Corp – A.S.
("JV"), a corporation organized under the laws of Turkey.
RECITALS
A. JV has been formed and organized by Isko, and Cone Mills
Corp oration ("Cone"), a corporation organized under the laws of the State of
North Carolina, United States of America, to sell denim fabrics to
_____________
Mills Corp – Inegol/BURSA, telecopy:
+90-224-714-8016; in each case with a copy to Cone; (iii) if to Cone at: c/o
Cone Mills Corp oration, 804 Green Valley Road, Greensboro, North Carolina 27408,
attention: General Counsel, telecopy: 336-379-6972, with copy to Isko; or at
such
_____________
dt 109815
;
Iskone Denim Pazarlama A.S.
|
| Preview
Subscribers | 2004 |
Trust, Recordkeeping and Administrative Services Agreement
Trust, Recordkeeping and Administrative Services Agreement (177K)
Doc #249310: Click preview link for longer preview.
TRUST, RECORDKEEPING AND ADMINISTRATIVE SERVICES AGREEMENT
Between
-----------------------------------------------------------------------
LIZ CLAIBORNE, INC.
And
FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS COMPANY, INC.
And
FIDELITY MANAGEMENT TRUST COMPANY
-----------------------------------------------------------------------
THE LIZ CLAIBORNE 401(K) SAVINGS AND PROFIT SHARING PLAN
TRUST
Dated as of October 1, 2003
{PAGE}
TABLE OF CONTENTS
Section 1. Definitions........................................................2
Section 2. Trust..............................................................8
Section 3. Exclusive Benefit and Reversion of Sponsor Contributions...........8
Section 4. Disbursements......................................................9
(a) Administrator-Directed Disbursements.................................9
(b) Participant Withdrawal Requests......................................9
(c) Limitations..........................................................9
Section 5. Investment of Trust...............................................10
(a) Selection of Investment Options.....................................10
(b) Available Investment Options........................................10
(c) Participant Direction...............................................11
(d) Mutual Funds........................................................11
(i) Execution of Purchases and Sales.................................11
(ii) Voting...........................................................12
(e) Sponsor Stock.......................................................12
(i) Acquisition Limit................................................13
(ii) Fiduciary Duty...................................................13
(iii) Purchases and Sales of Sponsor Stock.............................13
(iv) Execution of Purchases and Sales of Units........................15
(v) Securities Law Reports...........................................15
(vi) Voting and Tender Offers.........................................16
(vii) General..........................................................18
(viii) Conversion.......................................................18
(f) Participant Loans...................................................18
(g) BrokerageLink.......................................................19
(h) Stable Value Investments............................................20
(i) Collective Investment Funds Managed by the Trustee...............20
(ii) Managed Income Fund..............................................20
(iii) Liquidity Reserve................................................20
(i) Trustee Powers......................................................21
Section 6. Recordkeeping and Administrative Services to Be Performed.........22
(a) General.............................................................22
(b) Accounts............................................................22
(c) Inspection and Audit................................................23
(d) Notice of Plan Amendment............................................23
(e) Returns, Reports and Information....................................23
(f) Plan Administration Manual..........................................24
(g) Compliance..........................................................24
{PAGE}
(h) Updates.............................................................24
(i) Errors..............................................................25
(j) On-Site Visits......................................................25
(k) Fiduciary Status....................................................25
(l) Retention of Records................................................25
(m) Compliance with Applicable Laws.....................................26
(n) Plan Data...........................................................26
(o) Recording System....................................................27
Section 7. Compensation and Expenses.........................................27
Section 8. Directions and Indemnification....................................28
(a) Identity of Administrator and Named Fiduciary.......................28
(b) Directions from Administrator.......................................28
(c) Directions from Named Fiduciary.....................................28
(d) Co-Fiduciary Liability..............................................29
(e) Indemnification.....................................................29
(f) Option to Defend....................................................30
(g) Standard of Care....................................................30
(h) Survival............................................................30
Section 9. Resignation or Removal of Trustee and Recordkeeper and
Termination.......................................................31
(a) Resignation and Removal.............................................31
(b) Termination.........................................................31
(c) Notice Period.......................................................31
(d) Transition Assistance...............................................31
(e) Failure to Appoint Successor........................................32
Section 10. Successor Trustee.................................................32
(a) Appointment.........................................................32
(b) Acceptance..........................................................32
(c) Corporate Action....................................................33
Section 11. Resignation, Removal, and Termination Notices.....................33
Section 12. Duration of Trust.................................................33
Section 13. Amendment or Modification.........................................33
Section 14. Electronic Services...............................................34
Section 15. Assignment........................................................35
Section 16. Force Majeure.....................................................36
{PAGE}
Section 17. Confidentiality...................................................36
Section 18. General...........................................................37
(a) Performance by Trustee and Recordkeeper, their Agents or
Affiliates..........................................................37
(b) Entire Agreement....................................................37
(c) Waiver..............................................................37
(d) Successors and Assigns..............................................37
(e) Partial Invalidity..................................................38
(f) Section Headings....................................................38
Section 19. Governing Law.....................................................39
(a) Massachusetts Law Controls..........................................39
(b) Agreement Controls..................................................39
Section 20. Plan Qualification................................................39
SCHEDULES.....................................................................41
Schedule "A" - Administrative Services.....................................41
Schedule "B" - Fee Schedule................................................46
Schedule "C" - Investment Options..........................................49
Schedule "D" - Authorized Signers (Administrator)..........................50
Schedule "E" - Authorized Signers (Named Fiduciary)........................51
Schedule "F" - Statement of Qualified Status...............................52
Schedule "G" - Existing Stable Value Funds.................................54
Schedule "H" - Exchange Guidelines.........................................55
Schedule "I" - Operational Guidelines for Non-Fidelity Mutual Funds........58
Schedule "J" - Securities That May Be Purchased Under the BrokerageLink
Option.....................................................................60
Schedule "K" - BrokerageLink Administrative Procedures.....................61
Schedule "L" - Operational Procedures for Hardship Withdrawals by Phone....65
Schedule "M" - Available Liquidity Procedures for Unitized Stock Fund......67
Schedule "N" - Operating Procedures for the Managed Income Fund of the
Liz Claiborne 401(K) Savings & Profit Sharing Plan.........................68
Schedule "O" - Form 5500 Service...........................................70
-ii-
{PAGE}
TRUST AGREEMENT, dated as of the 1st day of October, 2003, among LIZ
CLAIBORNE, INC., a Delaware corporation, having an office at One Claiborne
Avenue, North Bergen, NJ 07047 (the "Sponsor"), and FIDELITY MANAGEMENT TRUST
COMPANY, a Massachusetts trust company, having an office at 82 Devonshire
Street, Boston, Massachusetts 02109 (the "Trustee") and FIDELITY INVESTMENTS
INSTITUTIONAL OPERATIONS COMPANY, INC. a Massachusetts corporation, having an
office at 82 Devonshire Street, Boston, Massachusetts 02109 (the
"Recordkeeper").
WITNESSETH:
WHEREAS, the Sponsor is the sponsor of the Liz Claiborne 401(k) Savings
and Profit Sharing Plan (the "Plan"); and
WHEREAS, the Sponsor has established a single trust to hold and invest
assets of the Plan for the exclusive benefit of Participants, as defined herein,
in the Plan and their beneficiaries; and
WHEREAS, the Trustee, as successor trustee, is willing to hold and
invest the aforesaid Plan assets in trust among several investment options
selected by the Named Fiduciary, as defined herein; and
WHEREAS, such trust shall constitute a continuation, by means of an
amendment and restatement, of the prior trust from which Plan assets are
transferred to the Trustee; and
WHEREAS, the Sponsor also wishes to have the Recordkeeper, perform
certain ministerial recordkeeping and administrative functions under the Plan;
and
WHEREAS, the Recordkeeper is willing to perform recordkeeping and
administrative services for the Plan that are ministerial in nature and are
provided within a framework of plan provisions, guidelines and interpretations
conveyed in writing to the Recordkeeper by the Administrator (as defined herein)
and as documented in the Plan Administration Manual.
WHEREAS, the trustee services provided under this Agreement shall be
performed by the Trustee and the recordkeeping and administrative services
provided under this Agreement shall be performed by the Recordkeeper. To the
extent possible, the provisions of this Agreement distinguish the trustee
services provided by the Trustee from the recordkeeping and administrative
services that will be provided by the Recordkeeper; and
NOW, THEREFORE, in consideration of the foregoing premises and the
mutual covenants and agreements set forth below, the Sponsor, the Trustee and
the Recordkeeper agree as follows:
{PAGE}
Section 1. Definitions.
The following terms as used in this Trust, Recordkeeping and Administrative
ServicesAgreement have the meaning indicated unless the context clearly requires
otherwise:
(a) "Administrator"
"Administrator" shall mean the Committee, identified in the Plan document as the
administrator of the Plan (within the meaning of section 3(16)(A) of ERISA).
(b) "Agreement"
"Agreement" shall mean this Trust, Recordkeeping and Administrative Services
Agreement, and the Schedules attached hereto, as the same may be amended and in
effect from time to time.
(c) "Available Liquidity"
"Available Liquidity" shall mean the amount of short-term investments held in
the Stock Fund decreased by any outgoing cash for expenses then due, payables
for loan principal, and obligations for pending stock purchases, and increased
by incoming cash (such as contributions, exchanges in, loan repayments) and to
the extent credit is available and allocable to the Stock Fund, receivables for
pending stock sales.
(d) "BrokerageLink"
"BrokerageLink" shall mean the Participant directed brokerage option offered
under the plan.
(e) "BrokerageLink Core Account"
"BrokerageLink Core Account" shall mean the cash portion of a Participant's
BrokerageLink account in which all brokerage transactions are settled. In
addition, all contributions and additional BrokerageLink investments are first
deposited in a Participant's core account.
(f) "Business Day"
"Business Day" shall mean each day the NYSE is open.
(g) "Closing Price"
"Closing Price" shall mean either (1) the closing price of the stock on the
principal national securities exchange on which the Sponsor Stock is traded or,
in the case of stocks traded over the counter, the last sale price of the day;
or, if (1) is unavailable, (2) the latest available price as reported by the
249310
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Liz Claiborne
As referenced in this Trust, Recordkeeping and Administrative Services Agreement:
LIZ CLAIBORNE, INC – FILENAME}trustagreement.txt
{DESCRIPTION}EX. 10(E)(IV) - FIDELITY TRUST AGREEMENT
{TEXT}
Exhibit 10(e)(iv)
TRUST, RECORDKEEPING AND ADMINISTRATIVE SERVICES AGREEMENT
Between
-----------------------------------------------------------------------
LIZ CLAIBORNE, INC .
And
FIDELITY INVESTMENTS INSTITUTIONAL OPERATIONS COMPANY, INC.
And
FIDELITY MANAGEMENT TRUST COMPANY
-----------------------------------------------------------------------
THE LIZ CLAIBORNE 401(K) SAVINGS AND PROFIT SHARING PLAN
_____________
LIZ
CLAIBORNE, INC – Sharing Plan.........................68
Schedule "O" - Form 5500 Service...........................................70
-ii-
{PAGE}
TRUST AGREEMENT, dated as of the 1st day of October, 2003, among LIZ
CLAIBORNE, INC ., a Delaware corporation, having an office at One Claiborne
Avenue, North Bergen, NJ 07047 (the "Sponsor"), and FIDELITY MANAGEMENT TRUST
COMPANY, a
_____________
Liz Claiborne, Inc – BrokerageLink option, the Standard Plan Options which
are the basic non-brokerage investment options available in the Plan.
(rr) "Sponsor"
"Sponsor" shall mean Liz Claiborne, Inc ., a Delaware corporation, or any
successor to all or substantially all of its businesses which, by agreement,
operation of law or otherwise,
_____________
Liz Claiborne, Inc – to which the notice is being given by
certified or registered mail, return receipt requested, to the Sponsor c/o
Retirement Plan Specialist, Liz Claiborne, Inc ., One Claiborne Avenue, North
Bergen, NJ 07047, and to the Trustee and the Recordkeeper c/o FESCo Business
Compliance, Contracts Administration, 82
_____________
LIZ CLAIBORNE, INC – parties hereto have caused this Agreement to be executed
by their duly authorized officers as of the day and year first above written.
LIZ CLAIBORNE, INC .
By: /s/Michael Scarpa
-----------------------------------
Name: Michael Scarpa
-----------------------------------
Title: Senior VP Finance, CFO
-----------------------------------
Date: 9/29/03
-----------------------------------
FIDELITY MANAGEMENT TRUST COMPANY
By: /s/
_____________
dt 220942
;
Fidelity Investments Institutional Operations Company, Inc.;
| Fidelity Management Trust Company
|