First Amendment to Macy’s, Inc. Executive Deferred Compensation Plan

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment, effective December 31, 2013, modifies Macy’s, Inc.'s Executive Deferred Compensation Plan by discontinuing deferrals of base compensation after that date and ending deferrals of bonuses after the fiscal 2013 bonus is paid in 2014. Earnings will still be credited, and distributions will continue as outlined in the existing plan. The amendment is signed by Macy’s, Inc. and applies to all participants in the plan.

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EX-10.21.1 5 exhibit10211m-02012014.htm FIRST AMENDMENT TO EXECUTIVE DEFERRED COMPENSATION PLAN Exhibit 10.21.1 M-02.01.2014

Exhibit 10.21.1


AMENDMENT TO
EXECUTIVE DEFERRED COMPENSATION PLAN
OF
MACY, INC.


The Executive Deferred Compensation Plan of Macy’s, Inc. (the “Plan”) is hereby amended, effective as of December 31, 2013 and in order to “freeze” benefits, in the following respects.
1.    The Plan is amended by adding a new Section 10.2 reading as follows immediately after Section 10.1 of that part of the Plan.
10.2    Notwithstanding the preceding, deferrals of base compensation shall be discontinued after December 31, 2013. Deferrals of bonus shall be discontinued after payment of the fiscal 2013 bonus in 2014. Earnings shall continue to be credited, and distributions of account balances shall be made under the remaining provisions of the Plan.
IN ORDER TO EFFECT THE FOREGOING PLAN REVISIONS, the sponsor of the Plan hereby signs this Plan amendment.
MACY’S, INC.
By: David W. Clark
Title: EVP, Human Resources
Date: December 19, 2013