Amendment No. 4 to Del Laboratories, Inc. Amended and Restated Supplemental Executive Retirement Plan

Summary

This amendment, effective January 1, 2001, updates Del Laboratories, Inc.'s Supplemental Executive Retirement Plan (SERP). It adds Enzo J. Vialardi as an initial participant in the plan and specifies that his compensation for the 1999 plan year will be used to calculate his supplemental retirement benefit, since he had no compensation in 1996. The amendment is executed by the company's authorized officers.

EX-10.8 6 exh10-8.txt AMENDMENT #4 SUPP. EXEC. RETIREMENT PLAN EXHIBIT 10.8 AMENDMENT NO. 4 TO DEL LABORATORIES, INC. AMENDED AND RESTATED SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN WHEREAS, effective January 1, 1998, Del Laboratories, Inc. (the "Company") adopted the Del Laboratories, Inc. Supplemental Executive Retirement Plan ("SERP"), which provides for payment to selected employees of pension or pension-related benefits which cannot be paid under the Del Laboratories, Inc. Employees' Pension Plan; and WHEREAS, the SERP was amended and restated in its entirety effective January 1, 1994 (the "Restated SERP"); and WHEREAS, the Company has determined that Section 3(a) of the Restated SERP should be amended, effective as of January 1, 2001; NOW, THEREFORE, the Company hereby amends, effective as of January 1, 2001, the Restated SERP as follows: FIRST CHANGE Effective as of January 1, 2001, Section 2 of the Restated SERP is hereby amended to add the following sentence at the end of said Section: "Enzo J. Vialardi shall be added as an Initial Participant." SECOND AND FINAL CHANGE Effective as of January 1, 2001, Section 3(a)(i) of the Restated SERP is hereby amended to add the following sentence at the end of said Section: "Whereas the Initial Participant, Enzo J. Vialardi, had no Compensation for the 1996 Plan Year, his Compensation for the 1999 Plan Year shall be used in the calculation of his Supplemental Benefit." IN WITNESS WHEREOF, Del Laboratories, Inc. has caused this Amendment No. 4 to the Del Laboratories, Inc. Amended and Restated Supplemental Executive Retirement Plan to be executed by its duly authorized officers and its corporate seal to be affixed hereto. Dated: March 27, 2001 DEL LABORATORIES, INC. By: /S/ DAN K. WASSONG ----------------------------------------- Dan K. Wassong Chairman, President and Chief Executive Officer ATTEST: S/ GENE WEXLER - -------------------------- Officer of the Company