Amendment to Supplemental Savings Plan for Eligible Executives of American Commercial Lines LLC

Summary

This amendment, effective May 22, 2002, modifies the Supplemental Savings Plan for Eligible Executives of American Commercial Lines LLC. It specifies that the Plan’s "Change of Control" provision will not apply to transactions under the Recapitalization Agreement dated March 15, 2002, involving Danielson Holding Corporation, American Commercial Lines Holdings LLC, American Commercial Lines LLC, and certain unitholders. The amendment was authorized and executed by the Board of Managers of American Commercial Lines Holdings LLC.

EX-10.8 13 y63024exv10w8.txt AMENDMENT TO SUPPLEMENTAL SAVINGS PLAN EXHIBIT 10.8 AMENDMENT OF THE SUPPLEMENTAL SAVINGS PLAN FOR ELIGIBLE EXECUTIVES OF AMERICAN COMMERCIAL LINES LLC WHEREAS, American Commercial Lines LLC (the "Sponsor") maintains the Supplemental Savings Plan for Eligible Executives of American Commercial Lines LLC (as amended, the "Plan"); and WHEREAS, pursuant to Article 7 of the Plan, the Board of Managers of American Commercial Lines Holdings LLC has the right to amend the Plan; and WHEREAS, the Board of Managers of American Commercial Lines Holdings LLC deems it advisable to amend the Plan; NOW, THEREFORE, the Plan is hereby amended, effective May 22, 2002, as follows: 1. Section 6.9 of the Plan, entitled "Change of Control," shall not be effective with respect to the transactions contemplated by that certain Recapitalization Agreement, dated as of March 15, 2002, by and among Danielson Holding Corporation, American Commercial Lines Holdings LLC, American Commercial Lines LLC) and the Preferred Unitholders and Management Unitholders (as defined therein). IN WITNESS WHEREOF, the Board of Managers of American Commercial Lines Holdings LLC has caused this amendment to be executed on its behalf as of this 22nd day of May, 2002. AMERICAN COMMERCIAL LINES HOLDINGS LLC By: /s/ Paul S. Besson __________________________ Name: Paul S. Besson Title: SR. Vice President