Third Amendment to Sauer-Danfoss Employees’ Retirement Plan (Effective January 1, 2001)
This amendment, adopted by Sauer Danfoss (US) Company, updates the Sauer-Danfoss Employees’ Retirement Plan to include a reference to Code Section 132(f)(4), effective January 1, 2001. The change is made under the authority of the company’s Employee Benefit Committee and is executed by the Vice President of Finance. The amendment clarifies the plan’s compliance with updated tax code provisions.
Exhibit 10.1(bd)
THIRD AMENDMENT
TO
THE SAUER-DANFOSS EMPLOYEES’ RETIREMENT PLAN
(As Amended and Restated, Effective January 1, 2000
and Renamed As of May 3, 2000)
By virtue and in exercise of the amending power reserved to Sauer Danfoss Company (the “Company”) by subsection 16.2 of the Sauer-Danfoss Employees’ Retirement Plan (As Amended and Restated, Effective January 1, 2000 and Renamed As of May 3, 2000) (the “Plan”), and pursuant to the authority delegated to the undersigned officer of the Company by the Employee Benefit Committee of the Company, the Plan is hereby amended, effective as of January 1, 2001, by adding the following phrase immediately after “or 414(h)(12) in the first sentence of Section 11.8:
“, and effective January 1, 2001, Code Section 132(f)(4);”
IN WITNESS WHEREOF, the above amendment is adopted this 25th day of February, 2002.
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| SAUER DANFOSS (US) COMPANY | ||
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| By: | /s/ KENNETH D. McCUSKEY |
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| Its: | Vice President Finance |
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