AMENDMENT NO. 3 TO THE UNIFIED WESTERN GROCERS, INC. CASH BALANCE PLAN

EX-10.1.2 3 dex1012.htm AMENDMENT NO. 3 TO CASH BALANCE PLAN Amendment No. 3 to Cash Balance Plan

Exhibit 10.1.2

 

AMENDMENT NO. 3

TO THE

UNIFIED WESTERN GROCERS, INC.

CASH BALANCE PLAN

 

Unified Western Grocers, Inc. (the “Company”) hereby amends the above-named plan (the “Plan”), effective as set forth below, as follows:

 

1. The first two sentences of Section 9.1 of the Plan are hereby amended in their entirety to read as follows, effective as of October 1, 2004:

 

“The Company, acting through the Board of Directors, or the Committee may amend the Plan from time to time and may amend or cancel any such amendment. Each amendment must be set forth in a document that is signed by an officer of the Company, and the Plan shall be deemed to have been amended in the manner and at the time set forth in such document, and all Participants shall be bound by it.”

 

2. Appendix A of the Plan is hereby amended in its entirety to read as set forth on the attached Appendix A, effective January 1, 2004.

 

* * * * *

 

The Company has caused this Amendment No. 3 to be signed on the date indicated below, to be effective as indicated above.

 

       

“Company”

       

UNIFIED WESTERN GROCERS, INC.

Date:    November 15, 2004

      By:   /s/    DON GILPIN        
                Don Gilpin
           

Its:

  Vice President, Human Resources


APPENDIX A

 

Table 1

Annuity Factors

 

Age


   Factor

55

   13.0

56

   12.8

57

   12.6

58

   12.4

59

   12.2

60

   12.0

61

   11.8

62

   11.6

63

   11.4

64

   11.2

65

   11.0

 

Straight line interpolation of these factors will be used to reflect the participant’s actual age in years and whole months.

 

Table 2

Contributions Credits

 

Years of Service
in Year of Credit*


   Contribution Credit
(Percentage of Compensation)


 

  0-4

   4 %

  5-9

   5 %

10-14

   6 %

15-19

   7 %

20 and Over

   8 %

 

* Determined as of the first day of the Plan Year for which the Contribution Credit is being allocated.

 

Table 3

Transition Contribution Credits

 

Actual Age at
Transition Date


   Contribution Credit
(Percentage of Compensation)


 

40-44

   7 %

45-49

   8 %

50-54

   9 %

55 and Over

   10 %


Table 4

Early Retirement Factors

 

Years Prior to
Normal Age


   Percentage

 

0

   100 %

1

   95 %

2

   90 %

3

   85 %

4

   80 %

5

   75 %

6

   70 %

7

   65 %

8

   60 %

9

   55 %

10 or more

   50 %

 

Straight line interpolation of these percentages will be used where fractional completed years prior to Normal Retirement Date are involved.