Amendment to SPX Corporation Supplemental Retirement Plan for Top Management
SPX Corporation has amended its Supplemental Retirement Plan for Top Management, effective March 10, 2014. The amendment updates Section 8.2 to clarify references to the Executive Bonus Plan and Account Retirement Plan, specifying that these may be amended in the future. Additionally, Section 8.3 is now marked as reserved, meaning it no longer contains substantive provisions. This amendment is made under the company's authority to modify the plan as outlined in its terms.
Exhibit 10.3
AMENDMENT TO THE
SPX CORPORATION SUPPLEMENTAL RETIREMENT PLAN
FOR TOP MANAGEMENT
SPX Corporation currently maintains the SPX Corporation Supplemental Retirement Plan for Top Management (the “Plan”). Pursuant to the powers of amendment reserved in Section 6.1 of the Plan, effective as of March 10, 2014, SPX Corporation hereby amends the Plan in the following manner:
1. Section 8.2 of the Plan is amended by inserting the phrase “(as amended from time to time)” after the phrase “Executive Bonus Plan” and the phrase “Account Retirement Plan”.
2. Section 8.3 of the Plan is amended to read as follows:
“Section 8.3 RESERVED”
