Amendment to Executive Deferred Compensation Retirement Plan by Applied Extrusion Technologies, Inc.

Summary

Applied Extrusion Technologies, Inc. has amended its Executive Deferred Compensation Retirement Plan, effective December 9, 2002. The amendment changes the amount specified in Section 8.2 of the plan from $25,000,000 to $12,500,000. This adjustment affects the financial terms of the retirement plan for eligible executives. The amendment was authorized and signed by the company's Chairman and CEO.

EX-10.14.2 5 dex10142.txt EDCRP AMENDMENT Exhibit 10.14.2 APPLIED EXTRUSION TECHNOLOGIES, INC. Amendment to Executive Deferred Compensation Retirement Plan The undersigned, Applied Extrusion Technologies, Inc., a Delaware corporation (the "Company"), hereby refers to the Applied Extrusion Technologies, Inc. Executive Deferred Compensation Retirement Plan, as now in effect (the "Plan"), and, effective as of the date hereof, amends Section 8.2 of the Plan by substituting the figure "$12,500,000" for the figure "$25,000,000" appearing therein. In witness whereof, the Company has caused this Amendment to be executed by its officer thereunto duly authorized. Date: December 9, 2002 APPLIED EXTRUSION TECHNOLOGIES, INC. By /s/ Amin J. Khoury Title: Chairman and Chief Executive Officer