SIP Summary Plan Description - Vought Aircraft Division

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Vought Aircraft Industries, Inc. Attn: Benefits Dept. Mail Stop 49L-01 P.O. Box 655907 Dallas, TX 75265-5907 If you appeal, your appeal to the Committee will be reviewed at the next regularly scheduled quarterly Committee meeting (unless the appeal is received within 30 days preceding the date of such meeting; in that case, a decision will be made no later than the date of the second meeting following the Committee‘s receipt of the appeal). If special circumstances require a further extension of time, a decision shall be made not later than the third meeting following the Committee‘s receipt of your appeal. (If such an extension of time is required, the Committee shall provide you with written notice of the extension, describing the special circumstances and the date as of which the decision will be made, prior to the commencement of the extension.) The Committee shall notify you of the decision as soon as possible, but not later than five days after the decision is made. If the Committee denies your appeal, the letter will tell you the specific reasons for the decision and the Plan provisions upon which the decision was based, and will note that, upon request, you will have reasonable access to and copies of all documents, records and other information relevant to your claim, free of charge, and that you have a right to bring a civil action under section 502(a) of ERISA before the later of: 90 days after the final disposition of the claim by the committee; or, one year from the time the claim arose. The resolution, settlement, or adjudication of a claim may result in a compliance procedure that is not expressly permitted under some other section of the Plan document. Such a procedure, agreement or order will be respected to the extent that, as determined in the sole discretion of the Committee, it does not result in disqualification of the Plan or violate (or cause the Plan to violate) any applicable statute, government regulation, or ruling. You may have an authorized representative act on your behalf in making your appeal. The decision of the Committee on your appeal is made in its discretion and is final and binding on all parties. No legal action may be brought in court on a claim for benefits under the Plan following the later of the one year anniversary of the date the claim arose or the 90 th day following the final disposition of the claim by the Committee. Administration The Administrative Committee appointed by the Company’s Board of Directors has the authority to administer the Plan. The Committee is responsible for overall operation and administration of the Plan. The members of the Committee do not receive any payment from the Plan for their services. The Investment Committee, also appointed by the Board of Directors, has responsibility for investment matters. Plan Amendment and Termination The Company reserves the right to amend the Plan at any time, for any reason. While the Company fully intends to continue this Plan indefinitely, the Company may, at its discretion, 26
terminate the SIP at any time and for any reason; may reduce, suspend or discontinue contributions; or may transfer assets and liabilities to another plan. Because the Plan is a defined contribution plan, the Pension Benefit Guaranty Corporation (PBGC) does not insure benefits. If the Plan does terminate, however, you will receive the balance of your account (including investment gains or losses). Other Participating Companies The following are approved Companies whose employees may be eligible to participate in the SIP: Vought Aircraft Industries, Inc.; VAC Industries, Inc.; Vought Commercial Aircraft Company; and Contour Aerospace Corporation. Special Disclosure Information Plan Name The name of the Plan is the Vought Aircraft Industries, Inc. Savings and Investment Plan. It is commonly referred to as the “SIP.” Plan Sponsor The Plan is sponsored by Vought Aircraft Industries, Inc. The mailing address is: Mail Stop 49L-01 P.O. Box 655907 Dallas, TX 75265-5907 Plan Administrator and Agent for Service of Legal Process The Plan Administrator is the Administrative Committee, which may be reached at the above address or by calling (972) 946-3317. Legal process may be served upon the Committee at the above address or the Plan Trustee’s address. Type of Administration The Plan is administered through a trust, trusteed by State Street Bank and Trust Company. Plan Trustee The Plan Trustee is: State Street Bank and Trust Company P. O. Box 1389 Boston, MA 02104-389 Type of Plan The Plan is a qualified defined contribution profit-sharing plan. Contributions and Funding The Plan is funded by both employee and employer contributions. Reasonable fees may be charged to an employee’s account for certain options under the Plan, such as loans and 27
Page 1 and 2: Summary Plan Description for the Vo
Page 3 and 4: Rollovers .........................
Page 5 and 6: Summary Plan Description This docum
Page 7 and 8: The default contribution level of t
Page 9 and 10: Name or change your beneficiary or
Page 11 and 12: If you contribute to another 401(k)
Page 13 and 14: Vesting Rules for Company Matching
Page 15 and 16: If You Leave or Retire If you leave
Page 17 and 18: different loan amounts and repaymen
Page 19 and 20: 2007 and earnings on your pretax co
Page 21 and 22: Disputes about Payee In the event t
Page 23 and 24: - Vought 2040 Fund Vought Core Fund
Page 25 and 26: though this fund aims to grow your
Page 27 and 28: Beneficiary Designations In the eve
Page 29: You will now have $50.00 in Fund A
Page 33: If your claim for a benefit is deni

SIP Summary Plan Description - Vought Aircraft Division

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