Amendment to Chesapeake Corporation 401(k) Restoration Plan (December 31, 2004)

Contract Categories: Human Resources › Retirement Agreements
Summary

Chesapeake Corporation has amended its 401(k) Restoration Plan, effective December 31, 2004. The amendment changes how participants' deferred accounts earn interest, specifying that earnings will now be based on an interest rate set by the Committee. Additionally, Section 5.03 of the Plan has been deleted. These changes affect how employee retirement benefits are calculated and managed under the plan.

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EX-10.2 2 csk8k_123104ex102.htm [INSERT ON CSK PRESS RELEASE FORM]

Exhibit 10.2

 

 

AMENDMENTS TO THE

CHESAPEAKE CORPORATION 401(k) RESTORATION PLAN

 

RESOLVED, That the Chesapeake Corporation 401(k) Restoration Plan is hereby amended, effective December 31, 2004, in the following respects:

FIRST: Section 5.01 of the Plan is amended to read "Effective December 31, 2004, a Participant's Deferred Account shall be credited with earnings based on an interest rate established by the Committee (the "Interest Fund")."

SECOND: Section 5.03 of the Plan is deleted.