Amendment 2006-2 to Beckman Coulter, Inc. Supplemental Pension Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, adopted by Beckman Coulter, Inc., updates the company's Supplemental Pension Plan. It adds a provision stating that if a participant or beneficiary cannot be located within two years of when benefits are due, or if benefit payments remain unclaimed for two years, those benefits will be forfeited and become company property. However, if the participant or beneficiary later claims the benefit, it will be reinstated without interest. The amendment is effective as of its adoption date.

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EX-10.1 2 dex101.htm AMENDMENT 2006-2 TO THE BECKMAN COULTER INC. SUPPLEMENTAL PENSION PLAN Amendment 2006-2 to the Beckman Coulter Inc. Supplemental Pension Plan

Exhibit 10.1

AMENDMENT 2006-2

BECKMAN COULTER, INC.

SUPPLEMENTAL PENSION PLAN

WHEREAS, Beckman Coulter, Inc. (the “Company”), a Delaware corporation, maintains the Beckman Coulter, Inc. Supplemental Pension Plan (the “Plan”); and

WHEREAS, the Company now desires to amend the Plan; and

WHEREAS, the Company has the right to amend the Plan in accordance with Section 7 of the Plan.

NOW, THEREFORE, the Plan is hereby amended as follows, effective as of the date of adoption of this Amendment 2006-2:

A new Section 11 is added to the Plan to read as follows:

“11. Inability to Locate Participant.

In the event that the Committee is unable to locate an employee or beneficiary within two years following the date the employee was to commence receiving payment of benefits under this Plan, the Participant’s entire benefit under this Plan shall be forfeited. Furthermore, if any benefit payment (by check or other form or payment) to an employee or beneficiary remains uncashed or unclaimed for two years following its delivery to the last known address of the employee or beneficiary, the amount of such benefit payment shall be forfeited. Any forfeited amount shall immediately become the property of the Company. If, after such forfeiture, the employee or beneficiary later claims such benefit, such benefit shall be reinstated without interest or earnings. The distribution of such benefits shall thereafter be made in the manner determined by the Committee.”

 

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IN WITNESS WHEREOF, this Amendment 2006-2 is hereby adopted this 29th day of December, 2006.

 

  BECKMAN COULTER, INC.

By

  

  /s/James Robert Hurley        

Its

  

Vice President, Human Resources

 

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