Exhibit 10.2
THIRD AMENDMENT
OF
APOGEE ENTERPRISES,
INC.
OFFICERS’ SUPPLEMENTAL
EXECUTIVE RETIREMENT PLAN
(2005 Restatement)
The “APOGEE ENTERPRISES, INC.
OFFICERS’ SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN” as
adopted by APOGEE ENTERPRISES, INC., a Minnesota corporation, and
first effective January 1, 1998, and as amended and restated
in a document entitled “Apogee Enterprises, Inc.
Officers’ Supplemental Executive Retirement Plan (2005
Restatement)” effective January 1, 2005, and as amended
by two amendments is hereby further amended in the following
respects:
1. ACCRUAL CESSATION DATE.
Effective as of December 31, 2008, Section 1.1 of the
Plan Statement is amended by adding the following new
Section 1.1.1 (and all subsequent sections are
renumbered):
1.1.1. Accrual Cessation Date
— December 31, 2008.
2. FREEZING ACCRUED SERP BENEFIT.
Effective for determining the Accrued SERP Benefit of Participants
after the Accrual Cessation Date, Section 1.1.2 (formerly
Section 1.1.1) of the Plan Statement is amended by adding the
following new Section 1.1.2(d):
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(d)
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Accrual
Cessation Date .
Notwithstanding the above, benefit accruals under this Plan shall
cease as of the Accrual Cessation Date and the Accrued SERP Benefit
determined as of the Accrual Cessation Date shall not thereafter
change. This freeze shall include the offset as defined in
Section 1.1.2(b).
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3. FREEZING AVERAGE MONTHLY BASIS
COMPENSATION. Effective for determining the Average Monthly Basis
Compensation of Participants after the Accrual Cessation Date,
Section 1.1.4 (formerly Section 1.1.4) of the Plan
Statement is amended by adding thereto the following paragraph to
the end thereof:
Notwithstanding the foregoing, no
compensation or remuneration paid o
