Amendment to the BellSouth Personal Retirement Account Pension Plan (2000)
BellSouth Corporation, through its Executive Nominating Compensation and Human Resources Committee, has amended the BellSouth Personal Retirement Account Pension Plan. Effective January 1, 2000, each participant will receive an additional credit equal to 1% of their 2000 compensation, credited at the end of the plan year. All other plan provisions remain unchanged. This amendment was approved and executed by an authorized company officer.
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Exhibit 10q-10
AMENDMENT TO THE BELLSOUTH PERSONAL
RETIREMENT ACCOUNT PENSION PLAN
WHEREAS, BellSouth Corporation (the "Company") sponsors the BellSouth Personal Retirement Account Pension Plan (the "Plan"), which was amended and restated effective January 1, 1998, and subsequently amended from time to time; and
WHEREAS, the Executive Nominating Compensation and Human Resources Committee (the "Committee") of the Board of Directors of BellSouth Corporation, at its February 28, 2000 meeting, adopted a resolution to amend the Plan to provide an additional credit for the 2000 Plan Year equal to 1% of each Plan participant's 2000 compensation; and
WHEREAS, the Committee authorized appropriate officers of the Company to do such further acts and to execute such documents as may be necessary or advisable to effectuate the purposes of such resolution; and
WHEREAS, the Company now desires to revise the Plan document to reflect such amendment;
NOW, THEREFORE, pursuant to the authority delegated by the Committee as referred to above, the undersigned officer approves the following to reflect such amendment of the Plan:
1.
Amend Section 3 of the Plan by adding the following sentence at the end of Subparagraph 3.05(a):
"The Board has approved an additional credit for the 2000 Plan Year equal to the Participant's Compensation multiplied by one percent, and this additional credit shall be credited to each Participant's account as of the last day of such Plan Year."
2.
Any other provisions of the Plan not amended herein shall remain in full force and effect.
This Amendment shall be effective as of January 1, 2000.
By: /s/ RICHARD D. SIBBERNSEN
Richard D. Sibbernsen
Vice President—Human Resources
Date: December 15, 2000
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