First Amendment to FMC Corporation Non-Qualified Savings and Investment Plan
This amendment, effective July 1, 2003, modifies the FMC Corporation Non-Qualified Savings and Investment Plan by removing the FMC Technologies, Inc. Stock Fund as an investment option. Any remaining balances in this fund as of June 30, 2003, will be sold and the proceeds reinvested in another permitted investment, likely the Fidelity Retirement Government Money Market Portfolio. The amendment is executed by FMC Corporation and signed by its Vice President of Human Resources.
Exhibit 10.14.a
FIRST AMENDMENT
OF
FMC CORPORATION NON-QUALIFIED SAVINGS AND INVESTMENT PLAN
WHEREAS, FMC Corporation (the Company) maintains the FMC Corporation Non-Qualified Savings and Investment Plan (the Plan); and
WHEREAS, since its spin-off of FMC Technologies, Inc., the Company has allowed participants in the Plan to continue to hold or sell balances in the FMC Technologies, Inc. Stock Fund in the participants discretion, but has prohibited new investments in the FMC Technologies, Inc. Stock Fund;
WHEREAS, the Company now deems necessary and desirable to amend the Plan to eliminate the FMC Technologies, Inc. Stock Fund from the investment options offered under the Plan; and
NOW, THEREFORE, by virtue of the authority reserved to the Company by Article IX of the Plan, the Plan is hereby amended effective as of July 1, 2003, as follows:
Section 6.1 Deemed Investments is here by amended by adding the following to the end thereof:
(e) Effective July 1, 2003 the FMC Technologies Stock Fund will be eliminated as a Permitted Investment in the Plan. The Company will direct the Trustee to sell any balances remaining in the FMC Technologies Stock Fund on June 30, 2003 and reinvest the proceeds from such sale into another Permitted Investment under the Plan to be designated by the Company at the time. It is currently anticipated that any remaining balances in the FMC Technologies Stock Fund will be transferred to the Fidelity Retirement Government Money Market Portfolio.
IN WITNESS WHEREOF, the undersigned officer has executed this amendment on behalf of the Company, this 12th day of August 2002.
FMC CORPORATION | ||
By: | /s/ Kenneth R. Garrett | |
Kenneth R. Garrett Vice President Human Resources |