Amendment to FedEx Corporation Retirement Parity Pension Plan (Effective January 1, 2005)
FedEx Corporation is amending its Retirement Parity Pension Plan, effective January 1, 2005. The amendment states that any elections, distributions, or actions related to benefits accrued after December 31, 2004, must comply with Section 409A of the Internal Revenue Code. This ensures that all post-2004 plan activities follow updated federal tax regulations. The amendment applies to Article 5 and certain appendices of the plan.
EXHIBIT 10.1
AMENDMENT
TO
FEDEX CORPORATION
RETIREMENT PARITY PENSION PLAN
The FedEx Corporation Retirement Parity Pension Plan, as amended (the “Plan”), is hereby amended, effective January 1, 2005, as follows:
1. Article 5 of the Plan shall be amended by addition of the following as a new subsection (e) at the end thereof:
Notwithstanding any Plan provision to the contrary, no elections, distributions or other actions will be permitted under the Plan with respect to benefits accrued after December 31, 2004 unless such actions are in compliance with the requirements of Section 409A of the Internal Revenue Code and the rules and regulations promulgated thereunder.
2. Section 2.2 of Appendix B and Appendix C of the Plan shall be amended by addition of the following at the end thereof:
Notwithstanding any Plan provision to the contrary, no elections, distributions or other actions will be permitted under the Plan with respect to benefits accrued after December 31, 2004 unless such actions are in compliance with the requirements of Section 409A of the Internal Revenue Code and the rules and regulations promulgated thereunder.
