AMENDMENT NUMBER ONE TO THE HENRY SCHEIN, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2014
Exhibit 10.18
AMENDMENT NUMBER ONE
TO THE
HENRY SCHEIN, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2014
WHEREAS, Henry Schein, Inc. (the Company) maintains the Henry Schein, Inc. Supplemental Executive Retirement Plan, amended and restated effective as of January 1, 2014 (the Plan);
WHEREAS, pursuant to Section 16 of the Plan, the Board of Directors of the Company or an authorized committee may amend the Plan;
WHEREAS, the Compensation Committee is authorized to amend the Plan; and
WHEREAS, the Compensation Committee wishes to amend the definition of Disability to explicitly reference that the determination will be made by the Social Security Administration or under the Companys long-term disability plan.
NOW, THEREFORE, the Plan is hereby amended in its entirety as follows:
1. | Section l (o) of the Plan is hereby amended in its entirety to read as follows: |
Disabled means that a person has been determined to be disabled by the Social Security Administration or is receiving income replacement benefits for full disability under the Companys long-term disability plan for a period of not less than 3 months as set forth under Code Section 409A(a)(2)(C)(ii).
IN WITNESS WHEREOF, this amendment has been executed this 20 day of December, 2018.
HENRY SCHEIN, INC. | ||
By: | /s/ John Lee | |
Title: | VP, Global Compensation & Benefits |