50 of the Top 250 law firms use our Products every day
FIRST AMENDMENT
TO
NORDSON CORPORATION
EXCESS DEFINED CONTRIBUTION RETIREMENT PLAN
(November 1, 1987 Restatement)
The
Nordson Corporation Excess Defined Contribution Retirement Plan
(hereinafter referred to as the “Plan”), as originally
established for the benefit of certain designated salaried
employees effective as of November 1, 1985, and amended and
restated in its entirety effective as of November 1, 1987, is
hereby amended further, effective as January 1, 1988, to
provide as follows:
1. Section 1.1
of the Plan is amended by the addition of a new paragraph
(f) at the end thereof to provide as follows:
(f) The
term “Non-Union ESOP” shall mean the Nordson
Corporation Non-Union Employees Stock Ownership Plan and Trust in
effect on the date of an Employee’s retirement, death, or
other termination of employment.
2. Sections 2.1
and 2.2 of the Plan are amended to provide as follows:
2.1
Eligibility . An Employee who is a Participant in the
Employees’ Savings Trust Plan or the Non-Union ESOP and whose
benefits under either Plan have been limited by Section 401(a)(17),
Section 402(g)(1), or Section 415 of the Code, including
limitations on tax-deferred and employer-matching contributions,
shall be eligible for an excess retirement benefit determined by
Section 2.2. In addition, in the event that the Tax Deferred
Contributions of an eligible Employee under the Employees’
Savings Trust Plan are limited by the provisions of
Section 401(a)(17), Section 415, or
Section 402(g)(1) of the Code, such eligible Employee may
elect to defer payment of that portion of his compensation that
otherwise could have been made as Tax Deferred Contributions but
for these limitations. The deferred payment election shall be made
in writing by the eligible Employee and delivered to the Company
prior to the beginning of a Plan Year. The
|
