Amendment No. 1 to Hamilton Beach Brands, Inc. Long-Term Incentive Compensation Plan (Effective January 1, 2010)

Contract Categories: Human Resources › Bonus & Incentive Agreements
Summary

Hamilton Beach Brands, Inc. has amended its Long-Term Incentive Compensation Plan, effective January 1, 2013. The amendment changes the eligibility criteria for the plan, raising the required Hay Salary Grade from 16 to 17 or above. This means only employees with a Hay Salary Grade of 17 or higher are now eligible to participate in the plan. The amendment was executed by the company's Vice President, General Counsel, and Secretary.

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EX-10.84 3 ncexh1084201210k.htm EXHIBIT NC EXH 10.84 2012 10K



AMENDMENT NO. 1
TO THE
HAMILTON BEACH BRANDS, INC.
LONG-TERM INCENTIVE COMPENSATION PLAN
(EFFECTIVE JANUARY 1, 2010)
    
Hamilton Beach Brands, Inc. (the “Company”), hereby adopts this Amendment No. 1 to the Hamilton Beach Brands, Inc. Long-Term Incentive Compensation Plan (Effective January 1, 2010) (the “Plan”), effective January 1, 2013. Words and phrases used herein with initial capital letters that are defined in the Plan are used herein as so defined.

Section 1
The first sentence of Section 6 of the Plan is hereby amended by deleting the phrase “Hay Salary Grade of 16 or above” and replacing it with the phrase “Hay Salary Grade of 17 or above” therein.


EXECUTED this 13th day of November, 2012.


HAMILTON BEACH BRANDS, INC.

    
 
 
 
/s/ Kathleen L. Diller
 
 
 
 
Kathleen L. Diller
 
 
 
 
Vice President, General Counsel and Secretary