Amendment to Directors Pension Plan Dated January 12, 2005

Summary

This amendment to the Directors Pension Plan applies to board members who were serving on January 12, 2005, were elected before August 9, 2000, and are not eligible for any other company retirement plan. Eligible directors will receive a $20,000 annual pension, paid quarterly, after leaving the board and reaching age 65. Payments continue for the number of years equal to their service before May 31, 2001, or until their death, whichever comes first.

EX-10.(Q) 2 e20283ex10_q.txt Exhibit 10(q) RESOLVED, that the Directors Pension Plan, as amended on August 9, 2000, is hereby further amended to provide, in its entirety, as follows: Each person who is a member of the Board of Directors on January 12, 2005, who was elected as a director prior to August 9, 2000 and who is not eligible to receive a pension under any other Company retirement program, shall, following (i) the termination of his or her service as a director and (ii) the attainment by such director of the age of 65, be entitled to receive an annual pension in the amount of $20,000, payable in quarterly installments until the earlier of (a) the expiration of a period equal to the number of full years that such person served as a director prior to May 31, 2001 or (b) the death of such person.