SECOND AMENDMENT TO THE FRANKLIN ELECTRIC CO., INC. SUPPLEMENTAL RETIREMENT AND DEFERRED COMPENSATION PLAN

EX-10.13 3 a20150103ex1013.htm EXHIBIT 10.13 2015.01.03 EX 10.13

EXHIBIT 10.13

SECOND AMENDMENT TO THE

FRANKLIN ELECTRIC CO., INC.

SUPPLEMENTAL RETIREMENT AND

DEFERRED COMPENSATION PLAN

WHEREAS, Franklin Electric Co., Inc. (the “Company”) maintains the Franklin Electric Co., Inc. Supplemental Retirement and Deferred Compensation Plan (the “Plan”) for designated employees; and

WHEREAS, the Company has delegated the right to amend the Plan to the Chief Financial Officer and Vice President-Global Human Resources (the “Amending Officers”) and the Amending Officers now deem it appropriate to do so.

NOW, THEREFORE, BE IT RESOLVED, that Section 7.2 of the Plan is hereby amended, effective as of February 22, 2013, to read as follows:


“7.2	Right to Amend. The MOCC, the Board or its delegate may, in its sole discretion, amend this Plan and the related Deferral Agreements at any time.”

IN WITNESS WHEREOF, this Second Amendment has been duly executed as of this 19th day of December, 2013.

FRANKLIN ELECTRIC CO.

/s/ John J. Haines

John J. Haines

Chief Financial Officer

/s/ Thomas J. Strupp

Thomas J. Strupp

Vice President-Global Human Resources