Amendment to EG&G Technical Services, Inc. Employees Retirement Plan (March 28, 2005)
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Summary
This amendment updates the EG&G Technical Services, Inc. Employees Retirement Plan, effective March 28, 2005. It changes the rules for mandatory distributions, specifying that if a participant's retirement benefit is valued at $1,000 or less, it will be paid as a lump sum. If the benefit is between $1,000 and $5,000, participants can also receive a lump sum payment without needing spousal consent. The amendment is signed by the company's Vice President.
EX-10.4 2 f22856exv10w4.htm EXHIBIT 10.4 exv10w4
EXHIBIT 10.4
AMENDMENT
TO THE
EG&G TECHNICAL SERVICES, INC. EMPLOYEES RETIREMENT PLAN
TO THE
EG&G TECHNICAL SERVICES, INC. EMPLOYEES RETIREMENT PLAN
The EG&G Technical Services, Inc. Employees Retirement Plan (“Plan”) is hereby amended generally effective as March 28, 2005 for mandatory distributions within the meaning of Section 401(a)(31)(B) of the Code made on or after that date.
1. Section 5.1(c) of the Plan is hereby amended by replacing the first sentence with the following:
“(c) A single sum payment of Equivalent Actuarial Value shall be made in lieu of all benefits if the present value of a Participant’s Retirement Income at the time of any Separation from Service does not exceed $1,000.”
2. Section 5.2 is hereby amended by adding the following to the end thereof:
“Option 5.A single sum payment of Equivalent Actuarial Value provided the present value of the Participant’s Retirement Income exceeds $1,000 but does not exceed $5,000. A Participant may elect to receive such single sum payment without regard to the spousal consent requirements in Section 5.3(c).”
| EG&G Technical Services, Inc. | ||||
| /s/ Joseph Masters | ||||
| Vice President |
