Amendment No. 1 to the CBS Bonus Supplemental Executive Retirement Plan (Part B)
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Summary
This amendment, effective December 31, 2020, freezes the CBS Bonus Supplemental Executive Retirement Plan, meaning no participant will earn additional benefits under the plan after that date. Benefits for all participants will be calculated based on their credited service and eligible earnings as of December 31, 2020. The amendment was executed by the ViacomCBS Administrative Committee.
EX-10.KK(II) 10 a2020q4_viacxex10kkii.htm EX-10.KK(II) Document
Exhibit 10(kk)(ii)
AMENDMENT NO. 1 TO THE CBS BONUS SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
PART B – AMENDMENT AND RESTATEMENT AS OF JANUARY 1, 2012 (THE “PLAN”)
Effective as of 11:59 PM on December 31, 2020, Section 1 of the Plan is amended by adding the following at the end thereof: “Notwithstanding any provision of the Plan to the contrary, the Plan is frozen as of December 31, 2020 and no Participant in the Plan shall accrue further benefits under the Plan after December 31, 2020. Participants’ benefits under the Plan will be determined based on credited service and eligible earnings as of December 31, 2020.”
IN WITNESS WHEREOF, pursuant to a resolution of the ViacomCBS Administrative Committee, the undersigned hereby executes this amendment this 13th day of November, 2020.
| By: | /s/ Mark Beatty | ||||||||||
| Mark Beatty | |||||||||||
FINAL
