First Amendment to CPI Corp. Deferred Compensation and Retirement Plan for Non-Management Directors

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective February 4, 2002, modifies the CPI Corp. Deferred Compensation and Retirement Plan for Non-Management Directors. It states that each non-management director will receive 800 Phantom Stock Rights for every year of board service completed after the effective date. The amendment was adopted by the Plan Committee in accordance with the plan's provisions.

Read More Arrow
EX-10.52 3 exh1052.txt CPI CORP FIRST AMENDMENT TO DEFERRED COMP PLAN FOR NONMANAGEMENT DIRECTORS EXHIBIT 10.52 FIRST AMENDMENT TO CPI CORP. DEFERRED COMPENSATION AND RETIREMENT PLAN FOR NON-MANAGEMENT DIRECTORS (AS AMENDED AND RESTATED AS OF JANUARY 28, 2000) Pursuant to the provisions of Section 16.1 of the CPI Corp. Deferred Compensation and Retirement Plan for Non-Management Directors (the "Plan") and pursuant to the resolution of the Plan Committee, the Plan is hereby amended in the following respects effective February 4, 2002: Subsection 7.2 shall be amended by inserting the following sentence after the second sentence: Each Participant shall receive a total of eight hundred (800) Phantom Stock Rights for each year of Board service he or she completes after Februayr 4, 2002. Adopted February 4, 2002 ??