Nordson Corporation Board Resolution Authorizing Closure of Pension Plans to New Hires

Summary

Nordson Corporation's Board of Directors has approved the closure of its Salaried Employee Pension Plan and 2005 Excess Defined Benefit Pension Plan to new hires, pending management approval and to be implemented as soon as administratively possible. Company officers are authorized to prepare and execute all necessary legal documents and take further actions to implement this decision.

EX-10.1 2 a2021-3x2resolution.htm EX-10.1 Document

Exhibit 10.2

NORDSON CORPORATION

RESOLUTION BY

THE BOARD OF DIRECTORS

CLOSURE OF THE SALARIED EMPLOYEE AND EXCESS DEFINED BENEFIT PENSION PLANS

March 2, 2021

NOW THEREFORE LET IT BE:

RESOLVED, the Board of Directors (the "Board") of Nordson Corporation (the "Company") hereby authorizes the closure of the following pension plans to new hires, contingent upon management’s approval and effective as administratively possible: the Nordson Corporation Salaried Employee Pension Plan and the Nordson Corporation 2005 Excess Defined Benefit Pension Plan (collectively, the “Plans”);

RESOLVED, that the officers of the Company are hereby authorized and directed to have prepared and to execute definitive legal documents reflecting the matters approved hereby including any instrument effecting changes to the Plans under authority of this Resolution and to take all such further action as they deem necessary or advisable to carry out the purpose of this Resolution.