Amendment No. 1 to NACCO Industries, Inc. 2002 Annual Incentive Compensation Plan

Summary

This amendment, adopted by the Compensation Committee of NACCO Industries, Inc., modifies the company's 2002 Annual Incentive Compensation Plan. Effective January 1, 2002, the amendment changes the wording in Section 4(a) of the Plan to clarify that certain provisions apply to actions taken "during or after" a specified time. The amendment aims to update and clarify the administration of incentive compensation for eligible employees.

EX-10.XXVI 5 l99144aexv10wxxvi.txt EXHIBIT 10(XXVI) EXHIBIT 10(xxvi) AMENDMENT NO. 1 TO THE NACCO INDUSTRIES, INC. 2002 ANNUAL INCENTIVE COMPENSATION PLAN The Compensation Committee of the Board of Directors of the Company, hereby adopts this Amendment No. 1 to the 2002 NACCO Industries, Inc. Annual Incentive Compensation Plan (the "Plan") effective as of January 1, 2002. Words and phrases used herein with initial capital letters which are defined in the Plan are used herein as so defined. Section 1 The second sentence of Section 4(a) of the Plan is hereby amended by adding the words "or after" following the word "during" therein.