Exhibit 10.2
FIRST AMENDMENT OF
JOHN BEAN TECHNOLOGIES
CORPORATION
EMPLOYEES’ RETIREMENT
PROGRAM
PART I SALARIED AND NONUNION
HOURLY EMPLOYEES’ RETIREMENT PLAN
WHEREAS , John Bean Technologies Corporation (the
“Company”) maintains the John Bean Technologies
Corporation Employees’ Retirement Program Part I Salaried and
Nonunion Hourly Employees’ Retirement Plan (the
“Plan”);
WHEREAS , the Company now deems it necessary and
desirable to amend the Plan in certain respects; and
WHEREAS , this First Amendment shall supersede the
provisions of the Plan to the extent those provisions are
inconsistent with the provisions of the amendment;
NOW, THEREFORE
, by virtue and in exercise of the
powers reserved to the Company under Section 11.1 Plan
Amendment or Termination of the Plan, the Plan is hereby
amended in the following respects, effective January 1,
2010:
1. The definition of “
Earnings ” contained in Article I of the Plan
is hereby amended to add the following sentence to the end thereof
which shall read as follows:
Notwithstanding any Plan provision
to the contrary, a Participant’s Earnings shall not include
any compensation paid by the Company or a Participating Employer to
the Participant for any Plan Year commencing on or after
January 1, 2010.
2. The definition of “
Eligible Employee ” contained in Article I of the
Plan is hereby amended to add the following sentence to the end
thereof which shall read as follows:
Notwithstanding any Plan provision
to the contrary, no Employee shall become an Eligible Employee on
or after January 1, 2010.
3. The definition of “
Final Average Yearly Earnings ” contained in
Article I of the Plan is hereby amended to add the following
sentence to the end thereof which shall read as follows:
Notwithstanding any Plan provision
to the contrary, a Participant’s Final Average Yearly
Earnings shall be determined as of December 31, 2009, and
sh
