First Amendment to Sterling Chemicals, Inc. Pension Benefit Equalization Plan

Summary

Sterling Chemicals, Inc. amends its Pension Benefit Equalization Plan, effective January 1, 2005, to freeze all future benefit accruals for participants. Employees' pension benefits are calculated as of that date, and no additional benefits will accrue after January 1, 2005. However, employees may continue to earn service time to qualify for vesting and benefit eligibility under the plan's existing rules. This amendment was executed by Sterling Chemicals, Inc.

EX-10.9.A 3 h22511exv10w9wa.htm 1ST AMEND.TO PENSION BENEFIT EQUALIZATION PLAN exv10w9wa

EXHIBIT 10.9(a)

FIRST AMENDMENT TO THE
STERLING CHEMICALS, INC.
PENSION BENEFIT EQUALIZATION PLAN

WITNESSETH

WHEREAS, Sterling Chemicals, inc. (the “Employer”) presently maintains the Sterling Chemicals, Inc. Pension Benefit Equalization Plan, effective as of October 1, 1987 (the Plan”); and

WHEREAS, the Employer, pursuant to Section 6 of the Plan, has the right to amend the Plan from time to time subject to certain limitations:

NOW, THEREFORE, the Plan is hereby amended in the following manner:

Effective as of January 1, 2005, the Plan is amended to freeze benefit accruals. Benefit accruals will cease for all Participants, by computing their Accrued Benefits as of January 1, 2005, as if they had terminated from service on such date. This amount shall be referred to as the “Frozen Benefit.” Each Participant may continue to accrue Vesting Service after January 1, 2005, in accordance with the existing provisions of the Pension Plan, in order to vest in his Frozen Benefit and for benefit eligibility purposes.

IN WITNESS WHEREOF, the Employer has executed this Amendment, this

day of , 2005.


		STERLING CHEMICALS, INC.

By


Name:


Title