AMENDMENT NO. 1 TO MATERION CORPORATION SUPPLEMENTAL RETIREMENT BENEFIT PLAN

Contract Categories: Human Resources - Retirement Agreements
EX-10.AL 7 mtrn-ex10al_20121231.htm AMENDMENT TO SRBP MTRN-EX10al_2012.12.31


Exhibit 10al
AMENDMENT NO. 1
TO
MATERION CORPORATION
SUPPLEMENTAL RETIREMENT BENEFIT PLAN
Materion Corporation, an Ohio corporation, hereby adopts this Amendment No. 1 to the Materion Corporation Supplemental Retirement Benefit Plan (the "Plan").
I.
Schedule I of the Plan is amended to provide as in the form attached hereto.
II.
The changes to the Plan by this amendment shall be effective December 5, 2012.
* * *
Executed this 24th day of January, 2013.
MATERION CORPORATION
By: /s/ Michael C. Hasychak
Title: Vice President, Treasurer & Secretary





Schedule I



Schedule of Participants, Offset Amounts, and Special Crediting Provisions


Participant
Offset Amount
Special Calculation Provisions
 
 
 
Michael D. Anderson

$246,250

 
Gregory R. Chemnitz

$0

 
Stephen Freeman

$496,308

 
John D. Grampa

$530,000

 
Michael C. Hasychak

$212,989

 
Richard J. Hipple

$842,250

In addition to the Prevented Benefit determined for Mr. Hipple pursuant to Section 2(j), an additional amount shall be included in the amount payable to him under Section 4, determined as follows:

•    Mr. Hipple's Prevented Benefit shall be determined pursuant to Section 2(j).
•    Such amount shall be divided by his number of Years of Benefit Service under the Pension Plan.
•    The resulting amount shall be multiplied by 5.
Donald G. Klimkowicz

$140,418

 
Alfonso T. Lubrano

$358,926

 
Walter G. Maxwell

$86,165

 
Richard W. Sager

$291,735

 
Daniel A. Skoch

$943,121