First Amendment to Greyhound Lines, Inc. Supplemental Executive Retirement Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective December 9, 1996, modifies the Greyhound Lines, Inc. Supplemental Executive Retirement Plan. It updates eligibility and contribution provisions for certain senior executives, specifically adding a 20% contribution level for Senior Vice Presidents and participants with at least 84 months of service. The amendment also updates the list of eligible participants and their specific plan details. The amendment was approved by the company's Compensation and Organization Committee and signed by the Vice President of Human Resources.

Read More Arrow
EX-10.2 7 d13655exv10w2.txt FIRST AMENDMENT TO EXECUTIVE RETIREMENT PLAN EXHIBIT 10.2 AMENDMENT TO SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN This Amendment to the Greyhound Lines, Inc. (the "Company") Supplemental Executive Retirement Plan is made as of December 9, 1996. WHEREAS, the Company previously adopted the Greyhound Lines, Inc. Supplemental Executive Retirement Plan, as restated effective January 1, 1994 (the "Plan"); and WHEREAS, the Company, having sought the approval of the Compensation and Organization Committee of the Board of Directors of the Company, desires to amend the Plan and modify the listing of the Participants in the Plan. NOW, THEREFORE, the Plan shall be amended as follows. 1. Section 6.1(c) of the Plan shall be renumbered as Section 6.1(d) and the following shall be added as Section 6.1(c): "(c) 20 percent for the Participants that: (i) hold the position of a Senior Vice President with Sponsor or (ii) any other Participants that, as of the first day of a Plan Year beginning on or after January 1, 1996, have completed a minimum of 84 months of Service with Sponsor; and" 2. The Participants in the Plan shall be those individuals listed on Appendix A hereto; that the Service Start Date, contribution level and the contribution effective date for each such Participant shall be as set forth on Appendix A hereto. 3. Capitalized terms used herein without definition shall have the meaning ascribed to such terms as set forth in the Plan. GREYHOUND LINES, INC. By:_______________________________ Daniel R. Weston Vice President - Human Resources