Second Amendment to Deferred Compensation Plan of Erie Indemnity Company (Appendix B)

Summary

Erie Indemnity Company has amended its Deferred Compensation Plan, specifically Appendix B, to remove a provision that allowed the company to delay certain payments if they were not tax-deductible under Section 162(m) of the Internal Revenue Code. This amendment, approved by the Board of Directors and effective December 31, 2020, reflects changes in tax law application. The amendment is formalized by company officers' signatures.

EX-10.209 6 ex-1020912312020.htm EX-10.209 Document

Exhibit 10.209

SECOND AMENDMENT TO

APPENDIX B

DEFERRED COMPENSATION PLAN

OF ERIE INDEMNITY COMPANY

Accounts Not Earned and Vested On or Before December 31, 2004

(As Amended and Restated Effective as of January 1, 2009)

WHEREAS, Erie Indemnity Company (the “Company”) maintains the Deferred Compensation Plan of Erie Indemnity Company (the “Plan”); and

WHEREAS, Article 4 of the Plan provides that the Company may amend the Plan; and

WHEREAS, the Company desires to amend Appendix B to the Plan to remove Article 5.4(a) of Appendix B to the Plan which allows the Company to delay a payment of nonqualified deferred compensation to the extent that the Company reasonably anticipates that the payment would not be deductible under Section 162(m) of the Internal Revenue Code of 1986 due to changes in how that provision is applied; and

WHEREAS, the Company’s Board of Directors approved the aforementioned amendment by resolution on December 8, 2020.

NOW, THEREFORE, the Company hereby amends in its entirety, Article 5.4(a) of Appendix B to the Plan as follows, effective as of December 31, 2020:

a) [Intentionally Omitted]

IN WITNESS WHEREOF, the Company has caused this Second Amendment to be executed this 24th day of December, 2020.


			ERIE INDEMNITY COMPANY

ATTEST:

/s/ Brian W. Bolash			By: /s/ Timothy NeCastro

			Title: President and CEO