Amendment No. 6 to Unified Western Grocers, Inc. Cash Balance Plan
This amendment, effective January 1, 2002, modifies the Unified Western Grocers, Inc. Cash Balance Plan. It updates the definition of "Cash Balance Benefit" to clarify how benefits are calculated for participants before and after reaching normal retirement age. The amendment was executed by Unified Grocers, Inc. on February 18, 2008, and signed by the Executive Vice President & General Counsel.
Exhibit 10.1.5
AMENDMENT NO. 6
TO THE
UNIFIED WESTERN GROCERS, INC.
CASH BALANCE PLAN
Unified Grocers, Inc. (the Company) hereby amends the above-named plan (the Plan), effective as of January 1, 2002, as follows:
1. The definition of Cash Balance Benefit under Section 1.2 of the Plan is hereby amended in its entirety to read as follows:
Cash Balance Benefit shall mean, for a Participant who has not reached Normal Retirement Age, the Participants benefit as of any valuation date on or prior to the Participants Normal Retirement Date equal to a single life annuity which is the Actuarial Equivalent of the projected value of such Participants Account as of such valuation date. For purposes of this definition, projected value is determined using the Plans current interest crediting rate and projecting to Normal Retirement Date. Notwithstanding the foregoing, for a Participant who has reached Normal Retirement Age, Cash Balance Benefit shall mean the Participants benefit as of any valuation date equal to a single life annuity which is the Actuarial Equivalent of such Participants Account as of such valuation date.
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The Company has caused this Amendment No. 6 to be signed on the date indicated below, to be effective as indicated above.
Company | ||||||||
UNIFIED GROCERS, INC. | ||||||||
Dated: February 18, 2008 | By: | /s/ ROBERT M. LING, JR. | ||||||
Its: | Executive Vice President & General Counsel |