Amendment to Diebold Nixdorf 401(k) Restoration Supplemental Executive Retirement Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

Diebold Nixdorf, Incorporated has amended its 401(k) Restoration Supplemental Executive Retirement Plan, effective January 21, 2019. After this date, the company will no longer make employer matching contributions to the plan, whether calculated per payroll period or annually. Participants will not receive any company match for their deferrals made on or after this date. This amendment affects only future contributions and does not impact prior contributions or matches.

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EX-10.2(VII) 4 dbd12312018ex-102vii.htm EX-10.2(VII) Exhibit


EXHIBIT 10.2 (vii)



AMENDMENT TO
401(k) RESTORATION
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
On January 15, 2019, Diebold Nixdorf, Incorporated (the “Company”) hereby amends the 401(k) Restoration Supplemental Executive Retirement Plan, as amended and restated January 1, 2008 (the “401(k) Restoration Plan”) by adding a new subsection (e) to article VI to read as follows:
“Effective for Compensation paid after January 21, 2019, Employer Matching Contributions, whether calculated on a payroll period basis or an annual basis, shall cease in any amount or rate of contributions to this Plan and the Company shall not be obligated to match any deferral by any Participant, per payroll period or on an annual basis, on or after that date.”
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