Napa Auto Parts 2010 Annual Report Download - page 107
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6.
Effective January 1, 2011, Article 8 is hereby amended as follows:
The word “entire” has been added to Section 8.01(a) after the phrase “receive an immediate lump sum payment of the Participant’s”,
The word “entire” has been added to Section 8.01(b) after the phrase “equal to the unpaid balance of the Participant’s”.
8.
Effective January 1, 2011, Article 9 is hereby amended as follows:
The second (last) sentence of Section 9.04 is hereby deleted and a new sentence is replaced as follows:
“If the Committee or the Company request that a Participant, Beneficiary or legal representative sign a release, (1) the individual must sign such release
within 60 days of the Participant’s Termination of Service or all payments under this Plan shall be deemed forfeited and (2) payment may not be made
earlier than 60 days following the Participant’s Termination of Employment.”
Section 9.06 has been deleted in its entirety.
Section 9.07 has been renumbered to Section 9.06.
Except as amended herein, the Plan shall remain in full force and effect.
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