First Amendment to Praxair, Inc. Supplemental Retirement Income Plan B
This amendment updates the Praxair, Inc. Supplemental Retirement Income Plan B, effective January 1, 2010. It changes how lump sum retirement benefits are calculated for certain participants who leave the company after December 31, 2009. Specifically, the lump sum will now be determined using the average 10-year Aaa municipal bond rate from the last half of the year before the participant's employment ends. The amendment is issued by Praxair, Inc.
Exhibit 10.05d
FIRST AMENDMENT TO THE
PRAXAIR, INC.
SUPPLEMENTAL RETIREMENT INCOME PLAN B
(AS AMENDED AND RESTATED EFFECTIVE DECEMBER 31, 2007)
Article III, Section 1(c) of the Praxair, Inc. Supplemental Retirement Income Plan B (As Amended and Restated Effective December 31, 2007) is hereby amended by the addition of the following sentence at the end thereof, effective as of January 1, 2010:
“Notwithstanding the prior sentence, with respect to benefits that become payable on account of a Traditional-Design Participant’s termination of employment occurring after December 31, 2009, lump sum payments shall be calculated using a discount rate equal to the average of the 10 year Aaa municipal bond rate as published by Moody’s or a similar rating service for the months of July through December of the year immediately prior to the year in which such Participant terminated employment.”
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