and Amendment No. 7 amending Part B as of July 1, 2019 () of the CBS Excess 401(k) Plan for Designated Senior Executives

EX-10.A 2 cbs_ex10a-033119.htm EXHIBIT 10.A Exhibit

Exhibit 10(a)

AMENDMENT No. 5 TO THE CBS EXCESS 401(k) 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 July 1, 2019:


1.	Section 2.12 of the Plan is hereby amended to add the following at the end thereof:

Notwithstanding anything herein to the contrary, effective as of July 1, 2019, the term “Investment Options” means the investment funds available to the CBS 401(k) Plan, excluding the Self-Directed Brokerage Account.

AMENDMENT No. 7 TO THE CBS EXCESS 401(k) PLAN

FOR DESIGNATED SENIOR EXECUTIVES

PART B – AMENDMENT AND RESTATEMENT AS OF JANUARY 1, 2009 (THE “PLAN”)

Except as otherwise noted herein, the following amendments shall be effective as of July 1, 2019:


2.	Section 2.19 of the Plan is hereby amended to add the following at the end thereof:


3.	Section 5 of the Plan is hereby amended by:


(a)	Deleting the word “A” at the beginning of the second sentence in the first paragraph and replacing it with the phrase “For each Participant who has incurred a Separation from Service prior to July 1, 2019, a”.


(b)	Adding the following immediately after the five (5) year graded vesting schedule chart:

For each Participant who has not incurred a Separation from Service prior to July 1, 2019, a Participant’s Employer Match (and earnings and losses thereon) will become vested according to the following schedule:



Years of Vesting Service	Vesting %
Less than 1	0%
1 but less than 2	33-1/3%
2 but less than 3	66-2/3%
3 or more	100%