Amendment No. 1 to Ecolab Inc. Administrative Document for Non-Qualified Benefit Plans
Ecolab Inc. has amended its Administrative Document for Non-Qualified Benefit Plans, effective January 1, 2013, to include a new non-qualified plan following its acquisition of Permian Mud Service, LLC. The amendment updates the definition of "Benefit" and adds the Permian Mud Service, Inc. Deferred Compensation Plan to the list of covered plans. This change ensures that benefits from the acquired company's plan are now administered under Ecolab's existing framework.
Exhibit (10.14)(ii)
AMENDMENT NO. 1
TO THE ECOLAB INC. ADMINISTRATIVE DOCUMENT
FOR NON-QUALIFIED BENEFIT PLANS
(As Amended and Restated effective as of January 1, 2011)
WHEREAS, Ecolab Inc. (the Company) has established and currently maintains the Ecolab Inc. Administrative Document for Non-Qualified Benefit Plans (As Amended and Restated effective as of January 1, 2011) (the Administrative Document); and
WHEREAS, the Company desires to amend the Administrative Document to reflect the addition of a non-qualified plan resulting from Ecolabs acquisition of the plans sponsor, Permian Mud Service, LLC.
NOW, THEREFORE, pursuant to Section 5.1 of the Ecolab Inc. Administrative Document for Non-Qualified Benefit Plans, the Company hereby adopts this Amendment No. 1 to the Administrative Document effective as of January 1, 2013.
Section 1
1. Section 1.3 of the Administrative Document is hereby amended by amending and restating such Section to read as follows:
Section 1.3 Benefit shall mean a Mirror Pension Benefit, a Mirror Pre-Retirement Pension Benefit, a SERP Benefit, a SERP Pre-Retirement Benefit, a Mirror Savings Benefit, an Executive Death Benefit, an Executive Disability Benefit, or a Deferred Compensation Plan Account benefit.
2. Exhibit A of the Administrative Document is amended by adding the following to the end of the list contained in such exhibit:
6. Permian Mud Service, Inc. Deferred Compensation Plan
IN WITNESS WHEREOF, Ecolab, Inc. has executed this Amendment No. 1 this 23rd day of December, 2013.
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| ECOLAB INC. |
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| /s/Daniel J. Schmechel |
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| Name: Daniel J. Schmechel |
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| Title: Chief Financial Officer, Ecolab Inc. |
/s/James J. Seifert |
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Attest: |
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Name: James J. Seifert |
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Title: General Counsel and Secretary |
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