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AMENDMENT to the OMNIBUS BENEFIT RESTORATION PLAN OF SONOCO PRODUCTS COMPANY

Employee Benefits Plan Agreement

AMENDMENT 

to the 

OMNIBUS BENEFIT RESTORATION PLAN OF SONOCO PRODUCTS COMPANY | Document Parties: SONOCO PRODUCTS COMPANY You are currently viewing:
This Employee Benefits Plan Agreement involves

SONOCO PRODUCTS COMPANY

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Title: AMENDMENT to the OMNIBUS BENEFIT RESTORATION PLAN OF SONOCO PRODUCTS COMPANY
Date: 4/28/2009
Industry: Paper and Paper Products     Sector: Basic Materials

AMENDMENT 

to the 

OMNIBUS BENEFIT RESTORATION PLAN OF SONOCO PRODUCTS COMPANY, Parties: sonoco products company
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Exhibit 10.2

AMENDMENT

to the

OMNIBUS BENEFIT RESTORATION PLAN OF SONOCO PRODUCTS COMPANY

WHEREAS , pursuant to the authority delegated by the Compensation Committee of the Board of Directors of Sonoco Products Company (the “Company”) at its meeting on April 14, 2009, the Omnibus Benefit Restoration Plan of Sonoco Products Company is hereby amended as follows:

Effective June 1, 2009, Section 5.2(a) shall be deleted and replaced with the following:

“(a) 401(k) Plan Restoration Benefit

 

(1)

 

General Rule. Subject to subsection (a)(2) below, for each Plan Year, the Company shall credit to the 401(k) Plan Restoration Account of each Participant an amount equal to:

 

(A)

 

the portion of the Participant’s Eligible Compensation for the Plan Year that exceeds the limit in effect for such Plan Year under Code section 401(a)(17); multiplied by

 

 

(B)

 

the matching contribution percentage that would have applied to the Participant under the 401(k) Plan for such Pl


 
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