December 2003 Amendment to Tyco International (US) Inc. Supplemental Executive Retirement Plan
This amendment updates the Tyco International (US) Inc. Supplemental Executive Retirement Plan by replacing Appendix B, effective January 1, 2003. The new Appendix B specifies special retirement credits for two executives, Dennis Crowley and Martina Hund-Mejean, detailing the amounts and timing of these credits. All other terms of the retirement plan remain unchanged. The amendment is executed by the company's Administrative Committee.
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Exhibit 10.7
DECEMBER 2003 AMENDMENT
TO
TYCO INTERNATIONAL (US) INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
A. The Tyco International (US) Inc. Supplemental Executive Retirement Plan, Amended and Restated as of October 1, 2000, is hereby further amended by replacing existing Appendix B with a new Appendix B as set forth in the attachment to this December 2003 Amendment.
B. The effective date of this amendment is January 1, 2003.
C. Except as amended herein, the Plan is hereby confirmed in all other respects.
IN WITNESS THEREFORE, this document has been signed on behalf of the Administrative Committee by its duly authorized representative this 24th day of December, 2003.
| | | | ||
|---|---|---|---|---|
| TYCO INTERNATIONAL (US) INC. ADMINISTRATIVE COMMITTEE | ||||
By: | ||||
| /s/ JANE GREENMAN Jane Greenman Chairman, Administrative Committee | ||||
APPENDIX B
Special Credits under Section 3(i)
| Participant | Amount | Date of Credit | ||
|---|---|---|---|---|
| Dennis Crowley | $35,017.52 (US dollars) | July 1, 2002 | ||
Martina Hund-Mejean | $163,168.00 (US dollars) | As of January 1, 2003, and each January 1 thereafter through the earlier of (i) January 1, 2008, or (ii) the January 1 coincident with or preceding Ms. Mejean's termination of employment. |
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APPENDIX B Special Credits under Section 3(i)
