Amendment to nVent Management Company Non-Qualified Deferred Compensation Plan (2020 Suspension of Matching Contributions)

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment to the nVent Management Company Non-Qualified Deferred Compensation Plan states that, effective June 1, 2020, the company will not make any employer matching contributions for employees for the 2020 plan year. The change applies to all employees participating in the plan and overrides any previous provisions regarding matching contributions for that year.

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EX-10.9 4 ex109nventmanagementco.htm EX-10.9 Document

Exhibit 10.9


Description of Amendment to the nVent Management Company Non-Qualified Deferred Compensation Plan

Effective June 1, 2020, a new Section 4.2(c) was added to the nVent Management Company Non-Qualified Deferred Compensation Plan to read as follows:

(c) Suspension of Matching Contribution for 2020. Notwithstanding anything herein to the contrary, no Employer Matching Contribution shall be made for any Employee with respect to the 2020 Plan Year.