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WHEREAS,
the Board of Directors of the Company (the "Board"), upon
recommendation of its Nominating, Governance and Compensation
Committee (the "Committee"), approved Amendment No. 1 to the 2005
SERP during a regular meeting held on November 6, 2007;
WHEREAS,
the Board, upon recommendation of the Committee, approved Amendment
No. 2 to the 2005 SERP during a regular meeting held on March 10,
2008;
WHEREAS,
the Board, upon recommendation of the Committee during its meeting
held on November 3-4, 2008, approved the amendment and restatement
of the 2005 SERP during a regular meeting held on November 4,
2008;
WHEREAS,
the Company adopted the amended and restated 2005 SERP, effective
as of January 1, 2005, except as specifically provided otherwise to
the contrary therein, in order to (i) facilitate compliance with
the final Treasury regulations under section 409A of the Code, and
(ii) incorporate the amendments to the 2005 SERP previously made by
Amendment No. 1 and Amendment No. 2;
WHEREAS,
the Board, upon recommendation of the Committee during its regular
meeting held on August 4, 2009, has approved this Amendment No. 1
to the 2005 SERP, as amended and restated effective January 1,
2005, during a regular meeting held on August 4, 2009;
and
WHEREAS,
the Company now desires to adopt this Amendment No. 1 to the
amended and restated 2005 SERP in order to amend Section 7.2 of the
amended and restated 2005 SERP, effective October 1, 2009, with
respect to the limitation on the portion of a participant's account
that may be invested in the Company stock fund;
NOW,
THEREFORE, in consideration of the premises and the covenants
herein contained, the Company hereby adopts the following Amendment
No. 1 to the amended and restated 2005 SERP:
Section
7.2 of the amended and restated 2005 SERP is hereby amended to read
as follows:
7.2 Investments.
If a trust is established as provided for in Section 7.1, earnings
and/or losses of the trust attributable to amounts credited to a
Participant's Account shall increase or, if applicable, decrease
such Participant's Account for purposes of determining the
Participant's Benefits payable hereunder. The Committee may
determine from time to time to direct the investment manager
appointed pursuant to any such trust to invest the balance of a
Participant's Account in accordance with the wishes and written
directions of that Par
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