Amendment to the Kansas City Southern 401(k) and Profit Sharing Plan (Effective January 1, 2001)
This amendment, executed by Kansas City Southern, updates the company's 401(k) and Profit Sharing Plan to include qualified transportation fringe benefits as part of employee compensation, provided these benefits are excluded from taxable income under IRS rules. The change is effective retroactively from January 1, 2001. The amendment ensures that such transportation benefits are considered in plan calculations for eligible employees.
Exhibit 10.10.3
AMENDMENT
TO THE
KANSAS CITY SOUTHERN
401(k) AND PROFIT SHARING PLAN
(As Amended and Restated Effective April 1, 2002)
The Kansas City Southern 401(k) and Profit Sharing Plan, as amended and restated effective April 1, 2002, (the “Plan”), is hereby further amended as follows effective January 1, 2001:
I.
The following sentence is added to the end of the first paragraph of Section 1.10 of the Plan:
Compensation (including Compensation under Section 3.08 of the Plan) also includes any “qualified transportation fringe” within the meaning of Code § 132(f) if such amount is excludable from the Participant’s taxable income by reason of Code § 132(f)(4).
IN WITNESS WHEREOF, Kansas City Southern has executed this Amendment.
Dated: June 30, 2003
| KANSAS CITY SOUTHERN | ||
| By: | /s/ Eric B. Freestone | |
