SECOND AMENDMENT TO THE NCR NONQUALIFIED EXCESS PLAN
Exhibit 10.14.2
SECOND AMENDMENT
TO THE NCR NONQUALIFIED EXCESS PLAN
AMENDMENT TO THE NCR NONQUALIFIED EXCESS PLAN (the Plan) as restated and in effect January 1, 1996 by NCR Corporation (NCR).
WHEREAS, the Plan was amended and restated effective January 1, 1996, and amended by a First Amendment effective September 1, 2004, to admit no new participants in the Plan and cease benefit accruals for all participants other than a grandfathered group; and
WHEREAS, NCR desires to amend the Plan to conform the eligibility requirements for the frozen group of participants 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 2.1 Participation of ARTICLE II is hereby amended by the addition of the following new sentence at the end thereof:
Notwithstanding the above, effective January 1, 2006, individuals who are eligible to participate in the Plan on December 31, 2005, shall continue to be eligible to participate in the Plan, regardless of any subsequent changes in their band or grade level, and shall be entitled to a benefit from this Plan if they terminate from the Company at or after age 55, regardless of band or grade level.
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 |