First Amendment to Baker Hughes Incorporated Supplemental Retirement Plan (Effective January 1, 2009)

Summary

This agreement is an amendment to the Baker Hughes Incorporated Supplemental Retirement Plan, effective January 1, 2009. It clarifies that if a participant faces an unforeseeable financial emergency, any distribution from the plan must be made within 90 days, and the participant cannot choose the tax year in which the payment is made. The amendment was executed by Baker Hughes Incorporated on December 18, 2008.

EX-10.6 7 h65262exv10w6.htm EX-10.6 exv10w6

Exhibit 10.6

FIRST AMENDMENT TO
BAKER HUGHES INCORPORATED SUPPLEMENTAL RETIREMENT PLAN
(As Amended and Restated Effective January 1, 2009)

THIS AGREEMENT by Baker Hughes Incorporated (the “Company”),

W I T N E S S E T H:

WHEREAS, the Company sponsors the Baker Hughes Incorporated Supplemental Retirement Plan (the “Plan”); and

WHEREAS, pursuant to Section 14.04 of the Plan, the Company has the right to amend the Plan; and

WHEREAS, the Company desires to amend the Plan;

NOW, THEREFORE, the Company agrees that, effective January 1, 2009, Section 8.02 of the Plan is amended by adding at the end thereof the following sentences:

A distribution under this Section 8.02 shall in any event be made within 90 days after the Participant incurs an Unforeseeable Financial Emergency. The Participant shall not be permitted to elect the taxable year in which any payment under this Section 8.02 shall be made.

IN WITNESS WHEREOF, the Company has caused this Agreement to be executed on the 18th day of December, 2008.


	BAKER HUGHES INCORPORATED
	By:	/s/ Didier Charreton
	Title:	Vice President, Human Resources