Third Amendment to CNA Surety Corporation Deferred Compensation Plan

Summary

This amendment updates the CNA Surety Corporation Deferred Compensation Plan, effective January 1, 2005. It cancels all participant deferral agreements and stops elective, matching, and basic contributions for plan years starting after December 31, 2004. Performance contributions are also discontinued for plan years after December 31, 2003. All other terms of the plan remain unchanged. The amendment is executed by CNA Surety Corporation.

EX-10.29 4 c94544exv10w29.txt THIRD AMENDMENT TO DEFERRED COMPENSATION PLAN EXHIBIT 10 (29) THIRD AMENDMENT TO CNA SURETY CORPORATION DEFERRED COMPENSATION PLAN The CNA Surety Corporation Deferred Compensation Plan as established effective August 1, 2000 and as heretofore amended (the "Plan") is hereby amended as follows: I. Article IV is amended as follows: A. Section 4.1 is hereby amended effective January 1, 2005 by adding a new paragraph to the end thereof to read as follows: Notwithstanding the foregoing provisions of this Section 4.1, each Participant's Deferral Agreement in effect on or after January 1, 2005 shall be cancelled and no Elective Contributions shall be made under this Plan for any Plan Year commencing after December 31, 2004. B. Section 4.2 is hereby amended effective January 1, 2005 by adding a new paragraph to the end thereof to read as follows: Notwithstanding the foregoing provisions of this Section 4.2, no Matching Contributions shall be made under this Plan for any Plan Year commencing after December 31, 2004. C. Section 4.5A is hereby amended effective January 1, 2004 by adding a new paragraph to the end thereof to read as follows: Notwithstanding the foregoing provisions of this Section 4.5A, no Performance Contributions shall be made under this Plan for any Plan Year commencing after December 31, 2003. D. Section 4.5B is hereby amended effective January 1, 2005 by adding a new paragraph to the end thereof to read as follows: Notwithstanding the foregoing provisions of this Section 4.5B, no Basic Contributions shall be made under this Plan for any Plan Year commencing after December 31, 2004. II. Except as otherwise amended herein, the Plan shall remain in full force and effect. Executed this ___ day of March, 2005. CNA SURETY CORPORATION By:________________________________________ -2-