SECONDAMENDMENT TO THE CHS 401(K) SUPPLEMENTAL SAVINGS PLAN January 1, 2004
Exhibit 10.26
SECOND AMENDMENT TO THE
CHS 401(K) SUPPLEMENTAL SAVINGS PLAN
January 1, 2004
WHEREAS, CHS/Community Health Systems, Inc. (the Company) has previously established and currently maintains the CHS 401(k) Supplemental Savings Plan (the Plan); and
WHEREAS, the catch-up contributions have been added to the Community Health Systems, Inc. 401(k) Plan as of January 1, 2004; and
WHEREAS, the Company desires to amend the Plan to exclude catch-up contributions from the contributions considered under Section 4.B. of the Plan, effective as of January 1, 2004; and
WHEREAS, the Board of Directors of the Company has approved of such amendment;
NOW, THEREFORE, the Plan is hereby amended as follows:
1. Section 4.B. of the Plan is amended to read as follows:
Participant Contributions to Accounts. For each Plan Year, each Participant may elect to defer on a payroll-by-payroll basis Compensation that would have been received in the Plan Year, but for the deferral election, up to a maximum deferral of 6% of Compensation, less the maximum percentage or other portion of the Participants Compensation that could be deferred by the Participant for such Plan Year under the Retirement Plan (without regard to catch-up contributions).
2. The changes made by this Second Amendment to the Plan shall be effective January 1, 2004.
EXECUTED this ___ day of December, 2004, effective as of January 1, 2004.
CHS/COMMUNITY HEALTH SYSTEMS, INC. | |
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