FIRST AMENDMENT TO ANHEUSER-BUSCH 401(k) RESTORATION PLANEmployee Benefits Plan Agreement |
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EXHIBIT 10.11
FIRST AMENDMENT TO ANHEUSER-BUSCH 401(k)
RESTORATION PLAN
(Amended and Restated as of March 1, 2000)
In accordance with the provisions of Article XII of the Anheuser-Busch 401(k) Restoration Plan (the “Plan”), the Plan is hereby amended as follows:
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1. |
The following new Section 2.19 is hereby inserted immediately following Section 2.18, effective December 1, 2005: |
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2.19. “ Special Assignment Employee .” |
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A person considered to be an employee of any Participating Employer for payroll purposes but for whom employment with the Participating Employer is deemed to have terminated pursuant to the provisions of Section 409A of the Internal Revenue Code of 1986, as amended (“Section 409A”), and proposed Treasury Regulations issued under Section 409A. |
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2. |
Section 7.1 is hereby amended to read as follows, effective December 10, 2004: |
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7.1. Election of Hypothetical Investments . |
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Prior to becoming a Participant, each Participant must (and at such times as the Company may thereafter allow, each Participant may) select the combination of Investment Funds in which he or she wishes hypothetically to invest, subject to the following limitations: |
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(a) |
The portion of each Participant ’ s Account which is attributable to Company Contributions, including earnings thereon, shall be hypothetically. |
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(b) |
At least 50% of the portion of each Participant ’ s Account which is attributable to Personal Salary Deferral Contributions, including earnings thereon, shall be hypothetically invested in the Company Stock Fund in accordance with the rules and regulations of the Regular 401(k) Plan. |
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(c) |
Notwithstanding (b) above, no part of the value of a Reporting Person ’ s Account which is attributable to Personal Salary Deferral Contributions shall be hypothetically invested in t |
