Amendment to Morgan Stanley Supplemental Executive Retirement Plan (SERP)
Morgan Stanley & Co. Incorporated amends its Supplemental Executive Retirement Plan (SERP) effective April 1, 2007. The amendment states that employees who were not participants or eligible to participate in the SERP before the merger of Morgan Stanley DW Inc. into Morgan Stanley & Co. Incorporated on April 1, 2007, will not become eligible as a result of the merger or for any other reason. This change clarifies eligibility for the retirement plan following the corporate merger.
Exhibit 10.19
AMENDMENT TO
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
Pursuant to the authority granted to it by Morgan Stanley, Morgan Stanley & Co. Incorporated (the Corporation) hereby amends the Morgan Stanley Supplemental Executive Retirement Plan (the SERP), effective as of such dates set forth herein, as follows:
1. Effective April 1, 2007, Section III, Participation in the Plan, is amended by adding the following to the end thereof:
Notwithstanding the foregoing, if an employee was not a participant or eligible to become a Participant immediately before the merger of Morgan Stanley DW Inc. with and into Morgan Stanley & Co. Incorporated as of April 1, 2007, such employee shall not be eligible to become a Participant hereunder as a result of such merger or otherwise.
2. Effective April 1, 2007, Appendix C, Provisions Relating to Certain Employees, is amended by adding the following to the end thereof:
Morgan Stanley DW Inc. and Subsidiaries. Notwithstanding the foregoing, if an employee was not a participant or eligible to become a Participant immediately before the merger of Morgan Stanley DW Inc. with and into Morgan Stanley & Co. Incorporated as of April 1, 2007, such employee shall not be eligible to become a Participant hereunder as a result of such merger or otherwise.
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IN WITNESS WHEREOF, the Corporation has caused this Amendment to be executed on its behalf as of the 20th day of November, 2007.
MORGAN STANLEY & CO. INCORPORATED | ||
By: | /s/ KAREN JAMESLEY | |
Title: | Global Head of Human Resources |