2011-1 Amendment to Princess Cruises CEO Supplemental Retirement Plan
Princess Cruises Lines, Ltd. and its Chief Executive Officer have agreed to amend the company's CEO Supplemental Retirement Plan. The amendment updates the definition of the 'Committee' responsible for administering the plan, specifying that it will now include members from the Compensation Committees of both Carnival Corporation and Carnival plc. The amendment is effective upon execution by the CEO and an authorized company officer.
Exhibit 10.3
2011-1 AMENDMENT TO
PRINCESS CRUISES CHIEF EXECUTIVE OFFICER
SUPPLEMENTAL RETIREMENT PLAN
The following Amendment to the 2008 restatement of the Princess Cruises Chief Executive Officer Supplemental Retirement Plan (the “Plan”) is intended to change the definition of Committee in Section 2.11
1. Section 2.11 of the Plan is amended to read as follows:
2.11 Committee. “Committee” means the committee established to administer this Plan as set forth in Section 3.1 thereof, which shall be comprised of the members of the Compensation Committees of both Carnival Corporation and Carnival plc.
IN WITNESS WHEREOF, these Amendments have been executed by the Participant and a duly authorized officer of Sponsor and are effective as of the date of execution by the Participant.
| PRINCESS CRUISES LINES, LTD. | ||||||
| Date: 11.2.11 | By: | /s/ Alan B. Buckelew | ||||
| Alan B. Buckelew | ||||||
| Its: | Chief Executive Officer | |||||
| Date: 12.8.11 | /s/ Peter G. Ratcliffe | |||||
| Peter G. Ratcliffe | ||||||
