AMENDMENT TO THE SPX CORPORATION SUPPLEMENTAL RETIREMENT PLAN FOR TOP MANAGEMENT

Contract Categories: Human Resources - Retirement Agreements
EX-10.1 2 a06-5747_1ex10d1.htm MATERIAL CONTRACTS

Exhibit 10.1

 

AMENDMENT TO THE

SPX CORPORATION SUPPLEMENTAL RETIREMENT PLAN

FOR TOP MANAGEMENT

 

Pursuant to the powers of amendment reserved in Section 6.1 of the SPX Corporation Supplemental Retirement Plan for Top Management (the “Plan”), SPX Corporation hereby amends the Plan in the following manner:

 

1.             The Plan is amended by adding the new Appendix J attached hereto to the end thereof.

 


 

Appendix J

 

Special Provisions for Kevin Lilly

 

Kevin Lilly will be treated (i) as though he were a participant in this Plan beginning on January 1, 2006, the date he was named an officer of SPX Corporation (i.e., Continuous Service shall commence as of such date) for purposes of determining the amount of benefits payable to him under this Plan and (ii) as though he were a participant in the SPX Qualified Plan for purposes of determining the eligibility for benefits and the amount of benefits under the Plan.