First Amendment to Sterling Chemicals, Inc. Supplemental Employee Retirement Plan

Summary

This amendment, made by Sterling Chemicals, Inc., modifies the company's Supplemental Employee Retirement Plan. Effective January 1, 2005, the plan is changed so that employees will no longer accrue additional retirement benefits under this plan after that date. However, employees can still earn service time to qualify for and vest in the benefits they have already earned as of January 1, 2005. The amendment formalizes the freezing of benefit accruals while preserving vesting rights.

EX-10.10.A 4 h22511exv10w10wa.htm 1ST AMEND.TO AMENDED SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN exv10w10wa

EXHIBIT 10.10(a)

FIRST AMENDMENT TO THE
STERLING CHEMICALS, INC.
SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN

WITNESSETH

WHEREAS, Sterling Chemicals, inc. (the “Employer”) presently maintains the Sterling Chemicals, Inc. Supplemental Employee Retirement Plan, effective as of January 1, 1989 (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