Amendment Number One to SunCoke Energy, Inc. Savings Restoration Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective January 1, 2012, modifies the SunCoke Energy, Inc. Savings Restoration Plan. It clarifies how forfeited employer contributions are handled, updates the timing for certain distributions after employment ends or retirement, and changes a specific date related to plan provisions. All other terms of the original plan remain unchanged. The amendment is executed by SunCoke Energy, Inc., represented by its Vice President of Human Resources.

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EX-10.3 4 d338955dex103.htm AMENDMENT NUMBER ONE TO SAVINGS RESTORATION PLAN Amendment Number One to Savings Restoration Plan

Exhibit 10.3

AMENDMENT NUMBER ONE

TO THE SUNCOKE ENERGY, INC. SAVINGS RESTORATION PLAN

WHEREAS, SunCoke Energy, Inc. (the “Company”) is the sponsor of the SunCoke Energy, Inc. Savings Restoration Plan (the “Plan”); and

WHEREAS, the Company has determined that it is desirable to make certain corrective and administrative amendments to the Plan, effective January 1, 2012 (the “Effective Date”), to facilitate Plan administration.

NOW THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as of the Effective Date:

 

  1. A new Section IV.3.D is added as follows:

“D. Forfeitures: In the event a participant separates from service prior to becoming vested under Section IV.3.B of the Plan, any Matching Employer Contribution and Additional Employer Contribution amounts that are forfeited by the Participant shall be credited to the Plan’s forfeiture account and may be used to offset future Company contributions or Plan expenses.”

 

  2. The first sentence of Section V.1. is amended by replacing the words “on the first day of the seventh month following the termination of employment” with “within the seventh calendar month following the termination of employment”.

 

  3. The second and fourth sentences of Section V.2 are in each case amended by replacing the words “on the first day of the seventh month following the participant’s Retirement” with “within the seventh calendar month following the participant’s Retirement”.

 

  4. Section V.3 is amended by replacing the date of “January 1, 2016” in the penultimate sentence with “January 1, 2017”.

 

  5. Except as expressly modified herein, all other terms and conditions of the Plan remain in full force and effect.

IN WITNESS WHEREOF, the Company has caused this Amendment One to the Plan to be executed on the date shown below, but effective as of the Effective Date.

 

SUNCOKE ENERGY, INC.
By:   /s/ Gary P. Yeaw
Name:   Gary P. Yeaw
Title:   Vice President, Human Resources
Date:   April 24, 2012