First Amendment to Valassis Communications, Inc. Supplemental Benefit Plan

Summary

Valassis Communications, Inc. has amended its Supplemental Benefit Plan to increase the supplemental benefit for participants from 1.5% to 2%, effective January 1, 2003. All other terms of the original plan remain unchanged. This amendment was approved by the company's Board of Directors.

EX-10.24(A) 16 dex1024a.txt 1ST AMENDMENT VALASSIS SUPPLEMENTAL BENEFIT PLAN EXHIBIT 10.24(a) FIRST AMENDMENT TO THE VALASSIS COMMUNICATIONS, INC. SUPPLEMENTAL BENEFIT PLAN WHEREAS, Valassis Communications, Inc. (the "Company") has adopted the Valassis Communications, Inc. Supplemental Benefit Plan (the "Plan") in 1998; WHEREAS, pursuant to Section 8.7 and Section 9 the Board of Directors may amend the Plan; WHEREAS, the Company's Board of Directors deems it in the best interests of the Company to increase the amount of supplemental benefit payable to its participants by one-half percent. NOW, THEREFORE, by resolution of the Company's Board of Directors, the Plan is hereby amended as follows: 1. The reference to "one and one-half percent" in Section 5.1 of the Plan is hereby amended to "two percent." 2. Such amendment shall become effective January 1, 2003. 3. All other terms of the Plan shall remain in full force and effect.