Amendment to The McGraw-Hill Companies, Inc. Senior Executive Supplemental Death, Disability & Retirement Benefits Plan
Contract Categories:
Human Resources
›
Retirement Agreements
Summary
This amendment updates The McGraw-Hill Companies, Inc. Senior Executive Supplemental Death, Disability & Retirement Benefits Plan, effective January 1, 2010. It specifies that for members retiring on or after this date, their monthly retirement income will be calculated based on their final monthly earnings as if they had retired on January 1, 2010. All other terms of the plan remain unchanged.
EX-10.34 14 y80741exv10w34.htm EX-10.34 exv10w34
Exhibit 10.34
Amendment to the
The McGraw-Hill Companies, Inc.
Senior Executive Supplemental Death,
Disability & Retirement Benefits Plan
The McGraw-Hill Companies, Inc.
Senior Executive Supplemental Death,
Disability & Retirement Benefits Plan
The McGraw-Hill Companies, Inc. Senior Executive Supplemental Death, Disability & Retirement Benefits Plan (the “Plan”) is amended, effective as of January 1, 2010, as follows:
| 1. | Article V of the Plan is amended to insert new Section 5.07 as follows: | ||
| “SECTION 5.07 Retirement After December 31, 2009. If a Member’s Retirement Date occurs on or after January 1, 2010, then the Member’s Monthly Retirement Income shall be calculated, as the case may be, in accordance with Section 5.01, Section 5.03 or Section 5.05 of the Plan; provided, however, that in each case the Member’s Final Monthly Earnings shall be determined as though the Member had retired on January 1, 2010.” | |||
| 2. | Except as set forth above, the Plan remains in full force and effect. |
