Amendment to The McGraw-Hill Companies, Inc. Management Supplemental Death & Disability Benefits Plan
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Summary
This amendment updates The McGraw-Hill Companies, Inc. Management Supplemental Death & Disability Benefits Plan, effective January 1, 2010. It changes the terms regarding death benefits, specifying that if a member or disabled member dies before retirement, their beneficiary will receive a lump-sum death benefit within sixty days of death. All other provisions of the plan remain unchanged.
EX-10.32 13 y80741exv10w32.htm EX-10.32 exv10w32
Exhibit 10.32
Amendment to the
The McGraw-Hill Companies, Inc.
Management Supplemental
Death & Disability Benefits Plan
The McGraw-Hill Companies, Inc.
Management Supplemental
Death & Disability Benefits Plan
The McGraw-Hill Companies, Inc. Management Supplemental Death & Disability Benefits Plan (the Plan) is amended, effective as of January 1, 2010, as follows:
1. | Article IV of the Plan his hereby amended to delete the first sentence of Section 4.01 and to insert the following in place thereof: | ||
In the event of the death of a Member prior to the date of his Retirement or a Disabled Member prior to his Normal Retirement Date, the Beneficiary of the Member or Disabled Member shall be entitled to receive a lump-sum Death Benefit within sixty days following the date of death. | |||
2. | Except as set forth above, the Plan remains in full force and effect. |