Copy a worksheet and rename based on column values

I have two worksheets - one named MASTER and another named TEMPLATE. Is there a way to go through column A on MASTER that looks like this:

	A	B
1	A - Access
2	A1	blah blah blah
3	A2	blah blah
4	FO - Followup
5	FO1	blah blah blah
6	FO2	blah
7	FO3	blah blah

So using column A, it should skip cells A1 and A4 (not "A###" or "FO##"), and then use TEMPLATE and create a copy of it (keeping all formulas and conditional formatting) renaming it to A1, A2, FO1, FO2, and FO3. Is this something that is easy to do?

WBD, it sort of works (no fault of yours). In my worksheet, some of the rows are are joined. For example if I have A5-A7 are joine, your will create a copy of TEMPLATE and name it FO1. This is good, but as the script goes through A6 and A7, it will create a "TEMPLATE (1)" and "TEMPLATE (2)" worksheet. How do I not create a copy in this instance?