Amendment 2014-1 to Barnes Group Inc. Supplemental Executive Retirement Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

Barnes Group Inc. has amended its Supplemental Executive Retirement Plan to update the definition of "Spouse." The new definition recognizes as a spouse any individual legally married to a participant under the laws of the state where the marriage occurred, including at the time of the participant's death. All other terms of the retirement plan remain unchanged. This amendment was executed on December 12, 2014, by the company's Senior Vice President of Human Resources.

Read More Arrow
EX-10.11.III 6 b10-kexhibit1011iii12312014.htm EXHIBIT 10.11.III B 10-K Exhibit 10.11.iii 12.31.2014


Exhibit 10.11(iii)

AMENDMENT 2014-1 TO THE
Barnes Group Inc. Supplemental Executive Retirement Plan
(as amended and restated as of April 1, 2012 and
as further amended July 23, 2013 by Amendment 2013-1)

THIS AMENDMENT 2014-1 is made by BARNES GROUP INC. (the "Company"), effective as of the date set forth below.

WHEREAS, the Company maintains the Barnes Group Inc. Supplemental Executive Retirement Plan (the "Plan"); and
WHEREAS, the Company wishes to amend the Plan to modify the definition of "Spouse"; and
WHEREAS, the Plan provides that the Plan may be amended from time to time.
NOW THEREFORE, the Plan is hereby amended as follows:
1.Effective as of June 26, 2013, Section 1.12 of the Plan is amended to read as follows:

"1.12 Spouse shall mean the individual to whom the Participant is legally married under the laws of the State in which the marriage was entered into.  After a Participant's death, his "Spouse" shall be the individual, if any, who met these criteria as of the date of the Participant's death.”
2.Except as specifically set forth above, the terms of the Plan shall continue in full force and effect.

IN WITNESS WHEREOF, the Company has caused this Amendment 2014-1 to be executed this 12th day of December, 2014.

BARNES GROUP INC.
By: /s/ DAWN N. EDWARDS    
Dawn N. Edwards
Senior Vice President, Human Resources
and Chairperson, Benefits Committee