Amendment No. 1 to The J. M. Smucker Company Voluntary Deferred Compensation Plan
This amendment, executed by The J. M. Smucker Company on June 17, 2020, modifies the company's Voluntary Deferred Compensation Plan. Specifically, it replaces Section 3.5 of the plan with a reserved section, effectively removing or suspending the previous content of that section. The amendment is signed by the company's Chief People and Administrative Officer and is effective as of the execution date.
Exhibit 10.3
AMENDMENT NO. 1
TO
THE J. M. SMUCKER COMPANY VOLUNTARY DEFERRED
COMPENSATION PLAN
(Amended and Restated Effective December 1, 2012)
The J. M. Smucker Company hereby adopts this Amendment No. 1 to The J. M. Smucker Company Voluntary Deferred Compensation Plan (Amended and Restated Effective December 1, 2012) (the “Plan”). Words and phrases used herein with initial capital letters which are defined in the Plan are used herein as so defined. The provision of this Amendment No. 1 shall be effective as of the date of execution set forth below.
Section 1
Section 3.5 of the Plan is hereby amended in its entirety to read as follows:
| “3.5 | [Reserved]” |
IN WITNESS WHEREOF, the Company has caused this Amendment No. 1 to the Plan to be executed this 17th day of June, 2020.
| THE J. M. SMUCKER COMPANY | ||
| By: | /s/ Jill R. Penrose | |
| Name: | Jill R. Penrose | |
| Title: | Chief People and Administrative Officer | |
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