FIRST AMENDMENT TO THE NCR SUPPLEMENTAL PENSION PLAN FOR AT&T TRANSFERS
Exhibit 10.12.1
FIRST AMENDMENT TO THE NCR SUPPLEMENTAL PENSION PLAN FOR AT&T TRANSFERS
AMENDMENT TO THE NCR SUPPLEMENTAL PENSION PLAN FOR AT&T TRANSFERS (the Plan) as restated and in effect January 1, 1997 by NCR Corporation (NCR).
WHEREAS, the Plan was amended and restated effective January 1, 1997; and
WHEREAS, Plan was effectively closed to new participants when NCR spun off from AT&T Corp. effective January 1, 1997, and as of December 31, 2005, all eligible participants had retired from NCR except for two active employees; and
WHEREAS, NCR desires to amend the Plan to conform the eligibility requirements To the Companys new job evaluation system that designates positions grades instead of bands effective January 1, 2006;
NOW, THEREFORE, NCR does hereby amend the Plan, effective January 1, 2006, as follows:
1. Section 2.2 Participation of ARTICLE II is hereby amended in its entirety to read as follows:
An eligible individual shall become a Participant in this Plan when he or she terminates employment with the Company at age 55 or older.
IN WITNESS WHEREOF, NCR has caused this amendment to the Plan to be executed this 27th day of February, 2006.
FOR NCR CORPORATION | ||
By: | /s/ Christine Wallace | |
Christine Wallace | ||
Senior Vice President, Human Resources |