Amendment to Champion Enterprises, Inc. Deferred Compensation Plan

Contract Categories: Human Resources › Compensation Agreements
Summary

Champion Enterprises, Inc. has amended its Deferred Compensation Plan, effective May 14, 2004. The amendment updates the list of hypothetical investment options available to plan participants for determining the earnings on their account balances. The Deferred Compensation Committee will provide participants with the updated list, which includes several specific investment funds. The amendment was authorized by the Deferred Compensation Committee and executed by company officers.

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EX-10.10 2 k91797exv10w10.htm AMENDMENT TO THE DEFERRED COMPENSATION PLAN exv10w10  

Exhibit 10.10

AMENDMENT
TO THE
CHAMPION ENTERPRISES, INC.
DEFERRED COMPENSATION PLAN

     Pursuant to Section 7.1 of the Champion Enterprises, Inc. Deferred Compensation Plan (“Plan”), and in accordance with the authority granted by the Deferred Compensation Committee, Champion Enterprises, Inc. hereby adopts this Amendment to the Plan.

  1.   Article IV, Section 4.6ii of the Plan is amended in its entirety to read as follows:
     
(ii)
       The Deferred Compensation Committee shall provide each Participant with a list of available hypothetical investments which may be designated by such Participant (as provided below) for purposes of determining the adjustments to such Participant’s Account Balance. Earnings on a Participant’s Account Balance shall be determined based on the investment return (gain or loss) received on the deemed hypothetical investment of each separate account. These funds include:
 
    
  Fidelity Retirement Money Market Fund
  PIMCO Total Return Fund — Administrative Class
  Fidelity Contrafund
  Fidelity Low-Priced Stock Fund
  Fidelity Small Cap Retirement Fund
  Fidelity Capital Appreciation Fund
  Fidelity Diversified International Fund
  Fidelity Equity-Income Fund

  2.   This Amendment is effective May 14, 2004.

IN WITNESS WHEREOF, Champion Enterprises, Inc. has caused this Amendment to be executed as of March 26, 2004.

         
  CHAMPION ENTERPRISES, INC.
 		  
  By:        /s/ HUGH BESWICK    
              Hugh Beswick   
  Its:   Vice President, Human Resources   
 
  ATTEST:
 		  
            /s/ SUSAN L. RUTKOWSKI              
                      Susan L. Rutkowski