FIRST AMENDMENT
TO THE MOTOROLA PENSION PLAN
(As Amended and Restated Generally Effective January 1,
2008)
Pension Plan Freeze as of
March 1, 2009
WHEREAS ,
Motorola, Inc. (the “Company”) maintains the Motorola
Pension Plan (the “Plan”) for the benefit of its
eligible employees;
WHEREAS ,
Section 12.1 of the Plan provides that the Board of Directors
of Motorola, Inc. (the “Board”) may alter, amend or
modify the Plan from time to time; and
WHEREAS ,
the Board deems it appropriate to freeze the Plan, including the
freeze of compensation and future benefit accruals effective as of
March 1, 2009.
NOW
THEREFORE, the Motorola Pension Plan is hereby amended,
effective as of March 1, 2009, in the following
particulars:
1. By adding
immediately preceding Article 1 of the Plan, the following new
Article 1A as a part thereof:
“ ARTICLE 1A
FREEZE OF THE PENSION PLAN EFFECTIVE MARCH 1, 2009
1A.1 Plan
Freeze . Notwithstanding any other provision of this
document to the contrary, the Motorola Pension Plan (As Amended and
Restated Generally Effective January 1, 2008) (the
“Plan”) is frozen effective as of March 1, 2009,
and
(a) no Participant
shall accrue any benefit or additional benefit on and after
March 1, 2009;
(b) no
compensation increases earned by a Participant on and after
March 1, 2009 shall be used to compute any accrued benefit due
and owing to any Participant on and after March 1, 2009;
and
