Amendment No. 2 to Walgreen Co. Profit-Sharing Restoration Plan
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Summary
This amendment to the Walgreen Co. Profit-Sharing Restoration Plan states that, effective January 1, 2011, no new contributions will be allowed to the Secular Trust under the plan for future plan years. However, participants who already have a phantom account in the Secular Trust before this date may continue to maintain their accounts. The amendment clarifies the plan's status as frozen for new contributions but preserves existing participant accounts.
EX-10.2 4 c62369exv10w2.htm EX-10.2 AMENDMENT NO.2 TO PROFIT-SHARING RESTORATION PLAN exv10w2
Exhibit 10.2
AMENDMENT NO. 2
to the
WALGREEN CO. PROFIT-SHARING RESTORATION PLAN
to the
WALGREEN CO. PROFIT-SHARING RESTORATION PLAN
I.
Effective for Plan Years beginning on or after January 1, 2011, the following Section 4.7 shall be added after Section 4.6 (Effect of Payment):
4.7 Frozen Plan. No contributions to the Secular Trust shall be permitted under the Plan for Plan Years beginning on and after January 1, 2011. Participants who have a phantom account under the Secular Trust prior to such date, however, may continue to maintain such account.”
