Amendment to the Circuit City Stores, Inc. Benefit Restoration Plan (February 29, 2008)
This amendment modifies the Circuit City Stores, Inc. Benefit Restoration Plan, effective February 29, 2008. It states that participants will not receive credit for benefit service for employment periods after this date, except as specified in another section regarding imputed service. Additionally, no further adjustments will be made to the plan's maximum benefit after March 1, 2008. The amendment affects how future benefits are calculated for plan participants.
Exhibit 10.25
AMENDMENT TO THE
CIRCUIT CITY STORES, INC. BENEFIT RESTORATION PLAN
The Circuit City Stores, Inc. Benefit Restoration Plan is hereby amended as follows, effective as of February 29, 2008:
FIRST, Section 3.2, “Supplemental Benefit,” is amended by adding the following new paragraph at the end thereof:
Notwithstanding any provisions of this Plan to the contrary, except as provided in Section 3.5 with respect to imputed Benefit Service, neither Participants nor Sustained Participants shall be credited with any Benefit Service for periods of employment with the Company or Affiliated Company occurring after February 29, 2008.
SECOND, Section 3.4(b), “Maximum Benefit,” is amended by adding the following new sentence at the end thereof:
Effective February 29, 2008, no further adjustments shall be made to the Maximum Benefit under this Section 3.4(b) on and after March 1, 2008.
