Amendment One to Astec Industries, Inc. Supplemental Executive Retirement Plan
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Summary
Astec Industries, Inc. has amended its Supplemental Executive Retirement Plan to update the list of participants and their effective dates of participation. This amendment clarifies who is currently included in the plan and adds a new participant, Walter F. Keating, effective October 25, 2010. All other terms of the retirement plan remain unchanged. The amendment is effective as of the dates specified for each participant.
EX-10.17 2 exh10-17.htm SERP AMENDMENT exh10-17.htm
Exhibit 10.17
AMENDMENT ONE TO THE
ASTEC INDUSTRIES, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
THIS AMENDMENT to the Astec Industries, Inc. Supplemental Executive Retirement Plan, adopted effective October 21, 2010 (the “Plan”), is adopted by Astec Industries, Inc. (the “Company”), effective as of the dates set forth herein.
W I T N E S S E T H:
WHEREAS, the Company maintains the Plan, and such Plan is currently in effect; and
WHEREAS, pursuant to Section 4.1, the Company may amend the Plan at any time; and
WHEREAS, the Company wishes to amend the Plan to clarify the current participants and to add an additional participant.
NOW, THEREFORE, the Company hereby amends Appendix A of the Plan to read as follows, effective as of October 21, 2010:
“APPENDIX A”
Each Participant’s Date of Participation
| Name of Participant | Effective Dates of Participation | ||
| J. Don Brock | January 1, 1995 | ||
| Thomas R. Campbell | January 1, 1995 | ||
| Frank Cargould | January 1, 1995 | ||
| Jeff Elliott | January 1, 1995 | ||
| Tim Gonigam | January 1, 1995 | ||
| F. McKamy Hall | January 1, 1995 | ||
| Richard Patek | January 1, 1995 | ||
| W. Norman Smith | January 1, 1995 | ||
| Joseph Vig | January 1, 1995 | ||
| Jeff Richmond | May 1, 2004 | ||
| Richard Dorris | January 3, 2005 | ||
| Ben Brock | January 1, 2007 | ||
| James Pfeiffer | January 1, 2007 | ||
| Michael A. Bremmer | January 1, 2007 | ||
| David L. Winters | January 1, 2007 | ||
| Stephen C. Anderson | January 1, 2008 | ||
| Lawrence R. Cumming | January 1, 2008 | ||
| Neil Peterson | January 1, 2008 | ||
| David C. Silvious | January 1, 2008 | ||
| Joe Cline | February 1, 2008 | ||
| Walter F. Keating | October 25, 2010 |
* * * * * * * * *
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Except as amended herein, the Plan shall continue in full force and effect.
IN WITNESS WHEREOF, the Company has adopted this Amendment on the date shown below, but effective as of the date(s) indicated above.
| | ASTEC INDUSTRIES, INC. |
Date: October 21, 2010 By: /s/ Stephen C. Anderson
Name: Stephen C. Anderson
Title: Secretary
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