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Exhibit 10.56.3
AMENDMENT TO THE
CASH BALANCE RETIREMENT PLAN FOR
EMPLOYEES OF
ASSOCIATED GROCERS,
INC.
Unified Grocers, Inc. (the
“Company”), pursuant to its authority as successor
sponsor of the Cash Balance Retirement Plan for Employees of
Associated Grocers, Inc. (the “Plan”), hereby amends
the plan, effective January 1, 2001, to clarify the treatment
of credited interest and the definition of “accrued
benefit”.
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1.
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Subparagraph
(iii) of paragraph (b) of Section 4.1 is amended to
read as follows:
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(iii)
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Credited
Interest . All
Participants will be credited with interest based on a thirty
(30) year U.S. Treasury Bond Rate. In the event that
subsequent events or regulations make it impermissible to utilize
such Bond Rate, the interest rate shall be the annual rate of
change of the Consumer Price Index, CPI-U as reported by the
Department of Labor, increased by three (3) percentage points.
The interest rate shall be determined for November preceding the
beginning of the Plan Year. The interest rate so determined shall
be applied to a Participant’s beginning of Plan Year Account
Balance, but such amount shall not be credited to the
Participant’s Account Balance until the last day of the Plan
Year. Provide
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