Amendment to 1999 Supplemental Executive Retirement Plan by Applied Extrusion Technologies, Inc.

Summary

Applied Extrusion Technologies, Inc. has amended its 1999 Supplemental Executive Retirement Plan by changing a specific monetary figure in Section 4.11(b) from $25,000,000 to $12,500,000. This amendment is effective as of December 9, 2002, and has been executed by the company's Chairman and CEO, with all plan participants consenting to the change. The amendment modifies the terms of the retirement plan for participating executives.

EX-10.15.3 6 dex10153.txt SERP AMENDMENT Exhibit 10.15.3 APPLIED EXTRUSION TECHNOLOGIES, INC. Amendment to 1999 Supplemental Executive Retirement Plan The undersigned, Applied Extrusion Technologies, Inc., a Delaware corporation (the "Company"), hereby refers to the Applied Extrusion Technologies, Inc. 1999 Supplemental Executive Retirement Plan, as now in effect (the "Plan"), and, effective as of the date hereof, amends Section 4.11(b) 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 The undersigned, constituting all of the Participants in the Plan, hereby consent to the above Amendment. This consent may be executed in separate counterparts which shall together constitute one and the same instrument. /s/ Amin J. Khoury Amin J. Khoury /s/ Thomas E. Williams Thomas E. Williams /s/ David N. Terhune David N. Terhune