Amendment to Steelcase Inc. Deferred Compensation Plan (2002-1)

Summary

Steelcase Inc. amends its Deferred Compensation Plan to allow the Compensation Committee of its Board of Directors to extend plan participation to eligible employees of related entities. This amendment, effective March 1, 2001, gives the Committee discretion to include employees from affiliated companies in the plan. The amendment is executed by Steelcase Inc. and signed by its Senior Vice President of Global Human Resources.

EX-10.24 7 dex1024.txt 2001-1 AMENDMENT Exhibit 10.24 2002-1 AMENDMENT ---------------- TO -- STEELCASE INC. -------------- DEFERRED COMPENSATION PLAN -------------------------- This is an amendment by Steelcase Inc. ("Employer"). W I T N E S S E T H - - - - - - - - - - WHEREAS, Steelcase Inc. adopted the Steelcase Inc. Deferred Compensation Plan on August 6, 1999, effective September 1, 1999 (the "Plan"); and WHEREAS, pursuant to Section 6.10 of the Plan, the Employer has reserved the right to amend the Plan at any time; and WHEREAS, the Employer desires to amend the Plan to permit the Compensation Committee of the Board of Directors of the Employer to authorize participation in the Plan by eligible employees of related entities. NOW THEREFORE, BE IT RESOLVED, the Plan is hereby amended by the addition of a new Section 6.11, "Extension of Coverage," effective March 1, 2001, renumbering all successive sections accordingly, to read as follows: "6.11 Extension of Coverage. The Compensation Committee of the Board --------------------- of Directors may, in its discretion, authorize extension of Plan coverage to eligible Employees of entities related to the Company." IN WITNESS WHEREOF, this amendment is executed this 19/th/ day of April, 2001. STEELCASE INC. By: /s/ Nancy W. Hickey ---------------------------- Sr. Vice President, Its: Global Human Resources ---------------------------