CABOT OIL & GAS CORPORATION SAVINGS INVESTMENT PLAN
EX-10.22(A) 2 dex1022a.htm FIRST AMENDMENT TO THE SAVINGS INVESTMENT PLAN OF THE COMPANY First Amendment to the Savings Investment Plan of the Company
Exhibit 10.22(a)
CABOT OIL & GAS CORPORATION
SAVINGS INVESTMENT PLAN
(As Amended and Restated Effective January 1, 2006)
First Amendment
Cabot Oil & Gas Corporation, a Delaware corporation (the “Company”), having established the Cabot Oil & Gas Corporation Savings Investment Plan, as amended and restated January 1, 2006 (the “Plan”), and having reserved the right under Section 10.4 thereof to amend the Plan, does hereby amend the Plan, effective as of January 1, 2006, as follows:
| 1. | Section 13.7(6)(b) of the Plan is hereby amended in its entirety to read as follows: |
| “(b) | In determining the present value of the cumulative accrued benefit (for this purpose using the actuarial assumptions set forth in the applicable pension plan) or the amount of the account of any employee, such present value or account balance shall be increased by the amount in dollar value of the aggregate distributions made with respect to the employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the Determination Date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than severance from employment, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.” The amounts will include distributions to employees representing the entire amount credited to their accounts under the applicable plan. The accrued benefits and accounts of any individual who has not performed services for a Considered Company during the 1-year period ending on the Determination Date shall not be taken into account.” |
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized officer this 12th day of December 2007, but effective as specified herein.
| CABOT OIL & GAS CORPORATION | ||
| By: | /s/ Abraham D. Garza | |
| Name: | Abraham D. Garza | |
| Title: | Vice President, Human Resources | |
