Amendment Number 1 to the Consolidated Edison Company of New York, Inc. Rabbi Trust Agreement
This amendment, dated October 28, 2003, clarifies the administrative procedures of the Consolidated Edison Company of New York, Inc. Rabbi Trust. It allows the Trustee, Mellon Bank, N.A., to reimburse the company directly from trust assets if the company pays benefits to participants and beneficiaries from its own funds and then seeks reimbursement. The amendment is executed by both the company and the trustee, ensuring clear authority for such reimbursements under the trust agreement.
Exhibit 10.2.13.2
Amendment Number 1
To
The Consolidated Edison Company of New York, Inc.
Rabbi Trust
Clarifying Administrative Amendment
Dated October 28, 2003
Pursuant to authority granted to the Trustee and the Company in accordance with Section 12, Amendment or Termination, of the Consolidated Edison Company of New York, Inc. Rabbi Trust (the Rabbi Trust), to amend the Rabbi Trust, the undersigned hereby approve the following clarifying administrative amendment to the Rabbi Trust:
A new sentence in Section 4., Payments to Company, subsection (a), will be added as an administrative clarification at the end of such Subsection 4 (a) to read as follows:
Notwithstanding the foregoing, the Trustee may reimburse the Company directly from Trust assets to the extent the Company pays the benefits of Participants and beneficiaries from Company assets, pursuant to Section 2(c) Trust Agreement, and seeks reimbursement thereof for such benefit payments.
IN WITNESS WHEREOF, the undersigned has executed this instrument this day of October 2003.
Consolidated Edison Company of New York, Inc.
By | /s/ Claude Trahan | |
Name: | Claude Trahan | |
Title: | Vice President, Human Resources | |
Mellon Bank, N.A. as Trustee
By | /s/ Thomas J. McNally | |
Name: | Thomas J. McNally | |
Title: | Vice President | |