Amendment to Supplemental Retirement Benefit Agreement between Courier Corporation and George Q. Nichols

Summary

Courier Corporation and George Q. Nichols have agreed to amend their existing Supplemental Retirement Benefit Agreement. This amendment changes the form of retirement benefit payments, specifying that unless Nichols chooses otherwise, he will receive monthly payments as a single life annuity starting after his retirement. The monthly payment amount depends on the age at which Nichols retires, with specific amounts listed for ages 65 through 70. All other terms of the original agreement remain unchanged.

EX-10.I-3 3 a2065684zex-10_i3.txt EXHIBIT 10I-3 Exhibit 10I-3 COURIER CORPORATION AMENDMENT TO SUPPLEMENTAL RETIREMENT BENEFIT AGREEMENT This AMENDMENT (the "Amendment") to the Supplemental Retirement Benefit Agreement is made this 9th day of November, 2000, by and among Courier Corporation, a Massachusetts corporation (the "Corporation"), and George Q. Nichols ("Nichols"). Capitalized terms not defined herein shall have the meaning given to them in the Supplemental Retirement Benefit Agreement, as amended (the "Agreement"). WHEREAS, the Corporation and Nichols are parties to the Agreement; and WHEREAS, the Corporation and Nichols now wish to amend certain terms thereof; and WHEREAS, except as amended hereby, the Corporation and Nichols desire the Agreement, as amended, to continue in full force and effect. NOW, THEREFORE, in consideration of the premises contained herein and in the Agreement, each of the parties agree as follows: Section 2 is amended and restated in its entirety as follows: 2. FORM OF PAYMENT. Unless Nichols elects otherwise, the Benefit shall be paid as a single life annuity in monthly installments for the duration of Nichols' life, commencing with the first calendar month after Nichols' retirement, as shown below: If Nichols Each Monthly RETIRES AT AGE INSTALLMENT -------------------- -------------------- 65 $ 833.33 66 1,000.00 67 1,250.00 68 1,666.67 69 2,375.00 70 5,833.33 IN WITNESS WHEREOF, Nichols has executed and the Corporation has caused this Amendment to be executed by its officer thereunto duly authorized, and its corporate seal to be affixed as of the date first set forth above. Courier Corporation By: /S/ JAMES F. CONWAY III Name: James F. Conway III Title: President /S/ GEORGE Q. NICHOLS ---------------------- George Q. Nichols (Corporate Seal) Attest: /S/ MARY GAIL D. MCCARTHY - ------------------------ Name: Mary Gail D. McCarthy Title: Assistant Clerk 2