Exhibit 10.8(
c )
Third Amendment to
the
Sterling Chemicals,
Inc.
Amended and Restated
Salaried Employees’ Pension Plan
Whereas , Sterling Chemicals,
Inc. (the “ Corporation ”) currently
maintains its Amended and Restated Salaried Employees’
Pension Plan (as amended, the “ Existing Plan
”);
Whereas , pursuant to
Section 16.1 of the Existing Plan, the Corporation has the
right to amend the Existing Plan in certain respects; and
Whereas , the Corporation, as
plan sponsor, desires to, and hereby elects to, modify the Existing
Plan as provided in this Third Amendment to Amended and Restated
Salaried Employees’ Pension Plan (this “
Amendment ”);
Now, Therefore , the Existing
Plan is hereby amended as follows:
Section 1. Amendment of
Section 11.6 of the Existing Plan . Paragraph (a) of
Section 11.6 of the Existing Plan is hereby amended to read in its
entirety as follows:
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(a) |
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An “eligible retirement plan” means, with respect
to the Participant, the Participant’s surviving Spouse or the
Participant’s Spouse or former Spouse who is the alternate
payee under a qualified domestic relations order, an individual
retirement account described in Code Section 408(a), an
individual retirement annuity described in Code
Section 408(b), an annuity plan described in Code
Section 403(a), a qualified trust described in Code Section
401(a) that accepts rollovers, an annuity contract described in
Code Section 403(b) or an eligible plan under Code Section 457(b)
which is maintained by a state, political subdivision of a state,
or any agency or instrumentality of a state or political
subdivision of a state and which agrees to separately account for
amounts transferred into such plan from this Plan. The definition
of “eligible retirement plan” shall also app |
