First Amendment to the NCR Retirement Plan for Officers, Executed December 17, 2004

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, executed by NCR Corporation on December 17, 2004, modifies the Retirement Plan for Officers of NCR. Effective September 1, 2004, no new participants will be allowed to join the plan. The amendment was approved by NCR's Board of Directors and executed by the Senior Vice President of Human Resources. Existing participants remain unaffected, but the plan is now closed to new entrants.

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EX-10.1 2 dex101.htm FIRST AMENDMENT TO THE NCR OFFICER PLAN, EXECUTED DECEMBER 17, 2004 First Amendment to the NCR Officer Plan, executed December 17, 2004

Exhibit 10.1

 

FIRST AMENDMENT

TO THE NCR OFFICER PLAN

 

AMENDMENT TO THE RETIREMENT PLAN FOR OFFICERS OF NCR (the “Plan”) as restated and in effect January 1, 1997 by NCR Corporation (“NCR”).

 

WHEREAS, NCR desires to amend the Plan to admit no new participants to the plan;

 

WHEREAS, the change made by this Amendment was approved by the Board of Directors of NCR as of May 17, 2004, and the Senior Vice President, Human Resources was authorized to execute a conforming amendment of the Plan;

 

NOW, THEREFORE, NCR does hereby amend the Plan, effective September 1, 2004, as follows:

 

1. Section 2.1 Participation is hereby amended by the addition of the following new paragraph:

 

“Notwithstanding the above, effective September 1, 2004, no new participants will be admitted to the Plan.”

 

IN WITNESS WHEREOF, NCR has caused this amendment to the Plan to be executed this 17th day of December, 2004.

 

FOR NCR CORPORATION

By:

  

/s/ Christine Wallace

   

Christine Wallace

   

Senior Vice President, Human Resources