First Amendment to The Brown & Sharpe Savings and Retirement Plan for Management Employees
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Summary
Brown & Sharpe Manufacturing Company amends its Savings and Retirement Plan for Management Employees, effective January 1, 1998. The amendment changes how the plan's trustee votes company stock held in trust when no voting instructions are received, allowing the trustee to vote at its discretion as directed by the plan's committee. The amendment is signed by the company's treasurer.
EX-10.18 4 dex1018.txt THE BROWN & SHARPE SAVINGS PLAN FOR MGT. FIRST AME EXHIBIT 10.18 THE BROWN & SHARPE SAVINGS AND RETIRMENT PLAN FOR MANAGEMENT EMPLOYEES First Amendment --------------- Pursuant to Section 12.1 of The Brown & Sharpe Savings and Retirement Plan for Management Employees (the "Plan"), the Plan is hereby amended effective as of January 1, 1998: 1. Section 13.1 is hereby amended by replacing the last sentence thereof with the following sentence: "At the direction of the Committee, the Trustee shall vote, in person or by proxy at its discretion, shares of Stock and Class B Stock held in the Trust for which voting instructions shall not have been received." IN WITNESS WHEREOF, Brown & Sharpe Manufacturing Company has caused this Amendment to be signed by its duly authorized officer this 30th day of April, 1999. Brown & Sharpe Manufacturing Company By: _______________________________ Les W. Sgnilek Treasurer