Amendment No. 8 to The Lamson & Sessions Co. Deferred Savings Plan

Summary

This amendment, made by The Lamson & Sessions Co. on December 28, 2000, updates the company's Deferred Savings Plan. The key change is to exclude deferrals from gainsharing programs, which are bonus payments for cost savings or increased efficiency, from the plan. The amendment is effective immediately and is executed by the company's authorized officers and trustees.

EX-10.B 4 l87962aex10-b.txt EXHIBIT 10(B) 1 EXHIBIT 10(b) AMENDMENT NO. 8 TO THE LAMSON & SESSIONS CO. DEFERRED SAVINGS PLAN THIS AMENDMENT is made this 28th day of December, 2000, by The Lamson & Sessions Co. (hereinafter referred to as the "Company"); W I T N E S S E T H: WHEREAS, the Company maintains The Lamson & Sessions Co. Deferred Savings Plan (hereinafter referred to as the "Plan"); and WHEREAS, the Company reserved the right to make certain amendments thereto; and WHEREAS, it is the desire of the Company to amend the Plan in order to exclude deferrals from gainsharing programs; NOW, THEREFORE, the Company hereby amends the Plan, effective as of the date of this Amendment, as follows: 1. Section 2.7 of the Plan is hereby amended by adding subsection (d) thereto, as follows: (d) any and all gainsharing programs, which provide bonus payments for cost savings and/or increased efficiency. IN WITNESS WHEREOF, the Company, by its duly authorized officers, has caused this Amendment to be executed as of the day and year first above written. THE LAMSON & SESSIONS CO. By: /s/ Charles E. Allen ---------------------------------------- TRUSTEES: /s/ James J. Abel -------------------------------------------- /s/ Charles E. Allen -------------------------------------------- /s/ Lucille C. Andreano -------------------------------------------- /s/ Lori L. Spencer --------------------------------------------