FIRSTAMENDMENT TO INTERMEC,INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN The Intermec, Inc. SupplementalExecutive Retirement Plan Plan, As Amended and Restated as of January 1, 2008(Plan), is hereby amended in the following manner, effective as of December31, 2009: 1. Rule of 70 Employees shall cease to be covered under the Plan, with no further benefits accruing on or after January 1,2010. 2. Bonus or "Bonuses" under Section 2.7 shall not include any special bonus paid to a Participant in lieu of a payment under an incentive plan whose performance factors were not met. In allother respects, the terms of the Plan shall remain in full force andeffect. Intermec,Inc. has caused this Amendment to be executed by its authorized representativeson this 18th dayof December, 2009.
Contract Categories:
Human Resources
- Bonus & Incentive Agreements
EX-10.24 6 exhibit1024.htm SERP FREEZE AMENDMENT exhibit1024.htm
FIRST AMENDMENT
TO
INTERMEC, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
The Intermec, Inc. Supplemental Executive Retirement Plan Plan, As Amended and Restated as of January 1, 2008 (“Plan”), is hereby amended in the following manner, effective as of December 31, 2009:
| 1. | Rule of 70 Employees shall cease to be covered under the Plan, with no further benefits accruing on or after January 1, 2010. |
| 2. | “Bonus” or "Bonuses" under Section 2.7 shall not include any special bonus paid to a Participant in lieu of a payment under an incentive plan whose performance factors were not met. |
In all other respects, the terms of the Plan shall remain in full force and effect.
Intermec, Inc. has caused this Amendment to be executed by its authorized representatives on this 18th day of December, 2009.
Intermec, Inc.
By /s/ Jeanne Lyon
Jeanne Lyon
Vice President, Human Resources
By /s/ Frank McCallick
Frank McCallick
Vice President, Tax
