Amendment No. 1 to Chemed Corporation Excess Benefit Plan No. 1

Summary

Chemed Corporation has amended its Excess Benefit Plan No. 1, effective July 1, 2002. The amendment updates the definition of "Employee Stock Ownership Plans I and II" to reflect their merger into the Savings & Retirement Plan as of the same date. All other terms of the plan remain unchanged. This amendment is certified by the Secretary of Chemed Corporation.

EX-10.25 7 l05867aexv10w25.txt EX-10.25 EXHIBIT 10.25 CHEMED CORPORATION EXCESS BENEFIT PLAN NO. 1 AMENDMENT NO. 1 The Chemed Corporation Excess Benefit Plan No. 1 (the "Plan") is hereby amended effective July 1, 2002 as follows: 1. Section 2(k) shall be rewritten in its entirety to read as follows: (k) "Employee Stock Ownership Plans I and II" - The Chemed Employee Stock Ownership Plan I, adopted effective November 1, 1987, as amended, and the Chemed Employee Stock Ownership Plan II, adopted effective August 1, 1998, as amended, and as merged into the Savings & Retirement Plan effective July 1, 2002. 2. In all other respects, the Plan shall remain in full force and effect. CERTIFICATE The undersigned, Secretary of Chemed Corporation, hereby certifies that the foregoing is a true and correct copy of Amendment No. 1 to its Excess Benefit Plan No. 1. Signed in Cincinnati, Ohio as of this 1st day of July, 2002. /s/ Naomi C. Dallob ---------------------------------- Naomi C. Dallob, Secretary