First Amendment to FMC Technologies, Inc. Employees' Retirement Program Part I (Salaried and Nonunion Hourly Employees)

Summary

This amendment, effective May 1, 2001, modifies the FMC Technologies, Inc. Employees' Retirement Program Part I for salaried and nonunion hourly employees. The changes include raising the referenced age in Section 3.2.3 from 62 to 65 and revising the terms of the Life and 10 Year Certain Annuity option. The amendment clarifies that if a participant dies before receiving 120 monthly payments, the remaining payments will continue to the joint annuitant. The amendment is executed by an authorized company representative.

EX-10.6A 3 dex106a.htm FIRST AMENDMENT TO EMPLOYEES' RETIREMENT PROGRAM PART I First Amendment to Employees' Retirement Program Part I

Exhibit 10.6a

FIRST AMENDMENT OF

FMC TECHNOLOGIES, INC. EMPLOYEES’ RETIREMENT PROGRAM

PART I SALARIED AND NONUNION HOURLY EMPLOYEES’ RETIREMENT PLAN

WHEREAS, FMC Technologies, Inc. (the “Company”) maintains the FMC Technologies, Inc. Employees’ Retirement Program Part I Salaried and Nonunion Hourly Employees’ Retirement Plan (the “Plan”); and

WHEREAS, amendment of the Plan is now considered desirable;

NOW, THEREFORE, by virtue and in exercise of the powers reserved to the Company under Section 11.1 Plan Amendment or Termination of the Plan, and pursuant to authority delegated to the undersigned officer of the Company by resolution of its Board of Directors, the Plan is hereby amended, effective May 1, 2001, in the following respects:

1. By substituting “65th” for “62nd” in the last line of Section 3.2.3.

2. By deleting the last paragraph of Section 4-4 of Supplement 4 and inserting the following in lieu thereof:

Life and 10 Year Certain Annuity: A life and 10 Year Certain Annuity is an immediate annuity which is the Actuarial Equivalent of an Individual Life Annuity, but which provides a smaller monthly annuity for the Participant’s life than an Individual Life Annuity. After the Participant’s death, if the monthly annuity has been paid for a period shorter than 120 months, it will continue, in the same amount as during the Participant’s life, for the remainder of the 120-month term certain. The Participant’s Joint Annuitant will receive any payments due after the Participant’s death.

IN WITNESS WHEREOF, the Company has caused this amendment to be executed by a duly authorized representative this 1st day of August, 2001.

 

FMC Technologies, Inc.

By:

 

/s/ William H. Schumann III

Member, Employee Welfare Benefits Plan Committee