All members contribute 3.25% of their earnings up to the Years Maximum Pensionable Earnings (“YMPE”) and 5% in excess of the  YMPE to the maximum that a member can contribute based on income tax rules. The credited service under the Management Plan  for each Canadian NEO is 20 years. Upon retirement, the employees in the Management Plan are provided lifetime retirement income benefits based on their best five  years of salary less Canada Pension benefits. Full benefits are payable at age 65, or at age 60 if the executive has at least 25 years of  service. The benefits are payable for life, and 60% is payable to their spouse upon their death with a guarantee of 60 months. Members  can retire at age 55 with a reduction. In Canada, the Company also guarantees, through its Supplemental Executive Retirement Plan (the “SERP”), to extend pension plan  benefits to NEOs that it would to others in the Management Plan who were not affected by income tax maximums. The annual  pension amounts derived from the aggregate of Management Plan and SERP benefits represent 1.3% of the 5-year average YMPE plus  2% of the salary remuneration above the 5-year average YMPE. The combination of these amounts is multiplied by the years of service  to determine the full annual pension entitlement from the two plans. Four of the Company’s NEOs’ retirees are members of the SERP. In the United States, the Company maintains a defined contribution savings plan under the provisions of the Employment Retirement  Income Security Act of 1974 (a 401(k) plan), which covers substantially all employees of the U.S. subsidiary company, including U.S.  NEOs. U.S. NEO’s were permitted to contribute up to 20% of their base pay, to a maximum of $16,500 (employees over 50 years of age  could contribute an additional $5,500). The Company also makes a Safe Harbour matching contribution equal to 100% of their salary  deferrals that do not exceed 3% of their compensation plus 50% of salary deferrals between 3%-5% of their salary compensation. The  Company also has a Senior Officer Retirement Program (“SORP”) in the U.S. for a limited number of selected employees. This plan  ceased to accrue benefits to employees as of September 30, 2006. (1) the Company has a letter of credit outstanding as at December 31, 2011, relating to the securitization of the Company’s unfunded benefit plans under the SeRp in the amount  of $9.7 million (January 1, 2011: $7.5 million and January 3, 2010: $5.7 million). (1) the plan assets include $2.1 million of the Company’s own common shares at market value (January 1, 2011: $1.7 million, and January 3, 2010: $0.9 million). 80 HIGH lIneR FooDS InCoRpoRAteD (Amounts in $000s) December 31, 2011 January 1, 2011  January 3, 2010 Equity securities (1) $  9,892  $   10,314 $   10,218  Debt securities   12,574   11,586  7,907  Cash and cash equivalents   1,062   679  2,387  Total  $   23,528  $   22,579 $   20,512  (Amounts in $000s) December 31, 2011 January 1, 2011  January 3, 2010 Present value of unfunded obligations  (1) $   6,866  $   5,813 $   4,749  Present value of funded obligations   27,842   26,305  22,636  Total present value of obligations  $   34,708  $   32,118 $   27,385  Fair value of plan assets   23,528   22,579  20,512  Net accrued defined benefit obligation  $   11,180  $   9,539 $   6,873  Total accrued defined benefit (asset)   (94)  (91)   (118) Total accrued defined benefit obligation   11,274   9,630  6,991  Net accrued defined benefit obligation  $   11,180 $   9,539 $   6,873  u.S. management planS Plan assets comprise: 