Amendment No. 6 to Unified Western Grocers, Inc. Sheltered Savings Plan
Unified Western Grocers, Inc. has amended its Employees' Sheltered Savings Plan, effective December 1, 2005. This amendment updates the rules regarding participants' ability to forgo a portion of their compensation, clarifying that such elections are subject to the Committee's discretion, which must be exercised in a nondiscriminatory manner. The amendment was signed by the company's Executive Vice President, General Counsel, and Secretary on February 8, 2006.
EXHIBIT 10.1
AMENDMENT NO. 6 TO THE UNIFIED WESTERN GROCERS, INC.
SHELTERED SAVINGS PLAN
Unified Western Grocers, Inc. (the “Company”) hereby amends the above-named plan (the “Plan”), effective as of December 1, 2005, as follows:
1. Section 3.2(b) of the Plan is hereby amended in its entirety to read as follows:
“(b) A Participant’s election to forgo receipt of a portion of his or her Compensation shall be subject to such rules, modification or cancellation as the Committee, in its discretion, shall permit; provided, however, that the Committee shall exercise its discretion in a nondiscriminatory manner.”
2. The last sentence of Section 3.4(a) of the Plan is hereby amended in its entirety to read as follows:
“A Participant’s election to forgo receipt of a portion of his or her Compensation shall be subject to such rules, modification or cancellation as the Committee, in its discretion, shall permit; provided, however, that the Committee shall exercise its discretion in a nondiscriminatory manner.”
* * * * *
The Company has caused this Amendment No. 6 to be signed on the date indicated below, to be effective as indicated above.
| “Company”
UNIFIED WESTERN GROCERS, INC. | ||
| By: | /S/ ROBERT M. LING, JR. | |
| Robert M. Ling, Jr. | ||
| Its: | Executive Vice President, General Counsel and Secretary | |
Dated: February 8, 2006
