Amendment No. 2 to Valley National Bank Benefit Equalization Plan

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the Valley National Bank Benefit Equalization Plan by changing references from the "Compensation Committee of the Board of Directors" to the "Human Resources and Compensation Committee of the Board of Directors." The amendment is effective as of April 6, 1999, and clarifies which committee is responsible for overseeing the plan. No other substantive changes are made to the plan.

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EX-10.(C) 4 dex10c.htm AMENDMENT NO. 2 TO BENEFIT EQUALIZATION PLAN Amendment No. 2 to Benefit Equalization Plan

Exhibit(10)C

AMENDMENT NO. 2

VALLEY NATIONAL BANK BENEFIT EQUALIZATION PLAN

Effective as of April 6, 1999, the Valley National Bank Benefit Equalization Plan (the “Plan”) is hereby amended as follows:

1. Section 1.7 of the Plan is amended by replacing the term “Compensation Committee of the Board of Directors” with “Human Resources and Compensation Committee of the Board of Directors”.