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Exhibit 10.1
FIRST AMENDMENT TO
THE BLACK & DECKER
SUPPLEMENTAL PENSION PLAN
(January 1, 2008
Restatement)
Pursuant to the
powers of amendment reserved under Section 17 of The Black &
Decker Supplemental Pension Plan, as amended and restated effective
January 1, 2008 (the “Plan”), Black & Decker (U.S.)
Inc. (the “Sponsor”) hereby amends the Plan as follows,
effective on the dates specified herein:
FIRST
CHANGE
Effective for any payment made after May 31,
2009, Section 5 of the Plan is amended by the addition of the
following as a new Section 5(c):
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Notwithstanding
the provisions of Section 5(a), and except as provided in Section
5(b), the Pension Committee may, in its discretion, direct that the
Actuarial Equivalent of the Participant’s Supplemental
Pension (including the Actuarial Equivalent of the remaining
installments of the Participant’s Supplemental Pension) be
paid to the Participant in a single lump sum payment provided that
(i) such payment is in connection with and results in the complete
termination and liquidation of the entirety of the Pa
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