Amendment No. 2 and No. 4 to the CBS Bonus Deferral Plan for Designated Senior Executives
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Summary
This document amends the CBS Bonus Deferral Plan for Designated Senior Executives, effective January 1, 2015. The amendments update the definition of notional investment options to those chosen by the Investments Committee for CBS Defined Contribution Plans and replace references to the Retirement Committee with the Investments Committee. These changes affect how investment options are determined and who has authority over them within the plan.
EX-10.G 3 cbs_ex10g-123114.htm EXHIBIT 10.G Ex10g - Amendments
Exhibit 10(g)
AMENDMENT NO. 2 TO THE CBS BONUS DEFERRAL PLAN
FOR DESIGNATED SENIOR EXECUTIVES
PART A – AMENDMENT AND RESTATEMENT AS OF DECEMBER 31, 2005 (THE “PLAN”)
Except as otherwise noted herein, the following amendments shall be effective as of January 1, 2015:
1.Section 2.10 of the Plan is hereby amended to add immediately following the words “effective as of January 1, 2014” the words “through December 31, 2014”, and to insert at the end thereof the following:
“and effective as of January 1, 2015, means the notional investment options elected by the Investments Committee for CBS Defined Contribution Plans in its sole discretion.”
2.Section 4.3(a) of the Plan is hereby amended by deleting in the final paragraph thereof each reference to the words “Committee” and “Retirement Committee of CBS Corporation” and inserting in place thereof the words “Investments Committee for CBS Defined Contribution Plans”.
AMENDMENT NO. 4 TO THE CBS BONUS DEFERRAL PLAN
FOR DESIGNATED SENIOR EXECUTIVES
PART B – AMENDMENT AND RESTATEMENT AS OF DECEMBER 31, 2009 (THE “PLAN”)
Except as otherwise noted herein, the following amendments shall be effective as of January 1, 2015:
1. | Section 2.17 of the Plan is hereby amended to add immediately following the words “effective as of January 1, 2014” the words “through December 31, 2014”, and to insert at the end thereof the following: |
“and effective as of January 1, 2015, means the notional investment options elected by the Investments Committee for CBS Defined Contribution Plans in its sole discretion.”
2.Section 4.2(a) of the Plan is hereby amended by deleting in the final paragraph thereof each reference to the words “Committee” and “Retirement Committee of CBS Corporation” and inserting in place thereof the words “Investments Committee for CBS Defined Contribution Plans”.