First Amendment to FMC Technologies, Inc. Salaried Employees' Equivalent Retirement Plan

Summary

This amendment, effective August 1, 2002, modifies the FMC Technologies, Inc. Salaried Employees' Equivalent Retirement Plan. The Company, FMC Technologies, Inc., is removing a provision that allowed the plan committee to offer participants a special annuity distribution option for excess benefits. The amendment was executed by the company's Senior Vice President and Chief Financial Officer.

EX-10.7.C 8 dex107c.txt FIRST AMENDMENT TO EMPLOYEES' EQUIVALENT RETIREMENT PLAN Exhibit 10.7.c First Amendment of FMC Technologies, Inc. Salaried Employees' Equivalent Retirement Plan WHEREAS, FMC Technologies, Inc. (the "Company") maintains the FMC Technologies, Inc. Salaried Employees' Equivalent Retirement Plan (the "Plan"); and WHEREAS, the Company now considers it desirable to amend the Plan to modify the distribution options available under the Plan. NOW, THEREFORE, by virtue of the authority reserved to the Company by Section 8 of the Plan, the Plan is hereby amended effective as of August 1, 2002, as follows: Section 6. Payment of Excess Benefit is hereby amended by deleting the following text effective as of August 1, 2002: "Notwithstanding anything herein to the contrary, the Committee may, in its sole discretion, give a Participant the ability to elect a special annuity distribution option whereby the Company will purchase an annuity contract to pay the Participant's Excess Benefit at the same time and in the same manner as his or her accrued benefit under the Salaried Retirement Plan are to be paid." IN WITNESS WHEREOF, the Company has caused this Plan to be executed in its name and behalf on this 13th day of August 2002. FMC TECHNOLOGIES, INC. By: /s/ William H. Schumann ----------------------------- Senior Vice President and Chief Financial Officer