Napa Auto Parts 2010 Annual Report Download - page 106

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Beneficiary in the same benefit payment form the Participant elected on the applicable Election Form and in accordance with the payment distribution
rules set forth in this Plan. If the Participant had not yet commenced payment of benefits prior to his or her death, the payment to the Participant’s
Beneficiary will commence to be paid on the first business day of the fourth month following the Participant’s death.”
Former Section 4.04 (Financial Hardship) is renumbered as Section 4.06. In addition, the following change shall be made to new Section 4.06 as follows:
The fourth (last) sentence in new Section 4.06 is hereby deleted and is replaced with the following new sentence: “Such payments will be made first from
the Participant’s Bonus Deferral Account and then from the Participant’s Salary Deferral Account; in each case on a first-in, first-out basis so that the oldest
Bonus deferred under the Plan shall be deemed distributed first in a financial hardship until all deferred Bonuses have been distributed and then starting with
the oldest Salary deferred under the Plan.”
Former Section 4.05 (Payment to Minors and Incapacitated Persons) is renumbered as Section 4.07. In addition, the following change shall be made to new
Section 4.07 as follows:
The reference to “Section 4.05” in the last sentence of new Section 4.07 shall be changed to “Section 4.07”.
Former Section 4.06 (Application for Benefits) is renumbered as Section 4.08. In addition, the following change shall be made to new Section 4.08 as
follows:
The reference to “Section 4.06” in the last sentence of new Section 4.08 shall be changed to “Section 4.08”.
Former Section 4.07 (Designation of Beneficiary) is renumbered as Section 4.09. No other changes are made to new Section 4.09.
5.
Effective January 1, 2011, Article 6 is hereby amended to change the numbering of Section 6.01 as follows:
Subsections 6.01(1), (2), (3), (4) and (5) are renumbered as Subsections 6.01(a), (b), (c), (d) and (e).
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