Exhibit 10(h)
INTRODUCTION
ARTICLE I
DEFINITIONS AND CONSTRUCTION
ARTICLE II
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ARTICLE III
PARTICIPATION AND SERVICE
ARTICLE IV
CONTRIBUTIONS
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Agreement. Company funding made to that Grantor Trust for any Plan Year shall be made at times and in amounts determined to be reasonable by the Committee or the Company.
ARTICLE V
ALLOCATIONS TO PARTICIPANTS’ ACCOUNTS
ARTICLE VI
PAYMENT OF BENEFITS
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Contribution Accounts only in the manner and at the time or times provided in Section 6.5 and 6.6. No Participant shall have a non-forfeitable right to any benefits payable under this Plan section until the date of his Normal Retirement Date or if earlier disability.
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such unpaid amounts may be held in a segregated investment account and may be credited by the Company only with amounts equivalent to actual earnings thereon.
ARTICLE VII
TRUST FUND
ARTICLE VIII
ADMINISTRATION
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Section 4.1. It shall also have the sole authority to appoint and remove any Trustees, the members of the Committee, and any Investment Manager that may be provided for under any Trust Agreement established in conjunction with this Plan, and to amend or terminate, in whole or in part, this Plan or any Trust so established.
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ARTICLE IX
MISCELLANEOUS
ARTICLE X
AMENDMENTS AND ACTION BY COMPANY
ARTICLE XI
SUCCESSOR EMPLOYER AND MERGER OR CONSOLIDATION OF PLANS
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an assumption of Plan liabilities by the successor, and the successor shall have all of the powers, duties and responsibilities of the Company under the Plan.
ARTICLE XII
PLAN TERMINATION
(Corporate Seal) | K. HOVNANIAN ENTERPRISES, INC. By:/s/ Ara K. Hovnanian Ara K. Hovnanian President | |||||
/s/ Timothy P. Mason Witness Timothy P. Mason V.P. |
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