Amendment to Minerals Technologies Inc. Health and Welfare Plan – Definition of Retiree

Contract Categories: Human Resources › Retirement Agreements
Summary

Minerals Technologies Inc. has amended its Health and Welfare Plan to update the definition of "Retiree." Now, a retiree is defined as a former employee who was hired before January 1, 2004, and who has completed at least 20 years of creditable service after turning 40. The meaning of "years of creditable service" is as defined in the company's Retirement Plan. This amendment was approved by the company's Board of Directors on May 19, 2009.

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EX-10.16(A) 12 ex10-16a.htm MTI AMENDMENT TO HEALTH AND WELFARE PLAN ex10-16a.htm

Exhibit 10.16(a)

The following Amendment to the Health and Welfare Plan was adopted by the Board of Directors of Minerals Technologies Inc. at its regularly scheduled meeting held on May 19, 2009:


RESOLVED, that the definition of Retiree at Section 1.27 of the Minerals Technologies Inc. Health and Welfare Plan ("the Plan") is amended so as to read in its entirety as follows:

1.27  
Retiree.  A Former Employee of an Employer who was hired by an Employer before January 1, 2004, and who completes at least twenty (20) "years of creditable service" after the attainment of age 40.  For purposes of the foregoing, years of creditable service shall have the meaning set forth in the Minerals Technologies Inc. Retirement Plan.