Summary of Amendments to Tenneco Inc. Deferred Compensation and Incentive Deferral Plans

Summary

Tenneco Inc. amended its Deferred Compensation Plan and Incentive Deferral Plan, effective March 24, 2006. The amendments change the investment options available to participants by replacing the Putnam Bond Index Fund with the Vanguard Total Bond Market Index and the Putnam S&P 500 Index with the Vanguard S&P 500 Index. These changes affect how participants can invest their deferred compensation. The full text of the amendments will be filed with the SEC once finalized.

EX-10.50 3 c05008exv10w50.txt SUMMARY OF AMENDMENTS TO DEFERRED COMPENSATION PLAN AND INCENTIVE DEFERRAL PLAN EXHIBIT 10.50 Summary of Amendments to Tenneco Inc. Deferred Compensation Plan and Tenneco Inc. Incentive Deferral Plan On May 9, 2006, Tenneco Inc. adopted amendments to the Tenneco Inc. Deferred Compensation Plan and the Tenneco Inc. Incentive Deferral Plan. These amendments resulted in the following changes to investment options under the Plans: - The Putnam Bond Index Fund was replaced as an investment option under the Plans by the Vanguard Total Bond Market Index. - The Putnam S&P 500 Index was replaced as an investment option under the Plans by the Vanguard S&P 500 Index. These amendments were adopted effective as of March 24, 2006. The full text of the amendments, once finalized, will be filed with the Securities and Exchange Commission.