Napa Auto Parts 2010 Annual Report Download - page 71

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Subsection (b) of former Section 2.02 is renumbered as a new Section 2.03 as follows:
“2.03. Additional Rules on Eligibility for Key Employees and Key Participants .”
The first sentence of the former subsection (b) is deleted and is replaced by the following sentence. “A Key Employee (prior to January 1, 2009) or Key
Participant (on or after January 1, 2011) shall be notified in writing by the Committee (or its designee) of his or her initial eligibility to participate in the Plan
no later than January 30 following the calendar year in which the Key Employee or Key Participant first accrues a benefit under the Plan.”
The words “or Key Participant” have been added after the words “Key Employee” in the second, third and fourth sentences of the former subsection (b).
Former Section 2.03 has been renumbered and will become new Section 2.04.
The first instance of the word “Company” in the second sentence has been replaced with the word “Employer”. The words “or Key Participant” or “Key
Participant’s” (as the context requires) have been added after the words “Key Employee” or “Key Employee’s” in the second and third sentences. Also, in the
second sentence, the second instance of the word “Company” has been replaced with the words “Genuine Parts”.
A new sentence four is added to the end of new Section 2.04 as follows:
“The annual dollar limitation of code Section 401(a)(17) does not apply to Earnings in this Plan.”
4.
Effective January 1, 2011, Section 3.01 is amended as follows:
The words “for Key Employees” is added after the word “Vesting” in the heading of Section 3.01(a). The phrase “is both employed by an Employer and
who” is added in the first sentence of Section 3.01(a) after the word “who”, and the phrase “on or after January 1, 2009” is added after the phrase “participates
in the Plan”. The phrase “under this Plan (as provided in Article Five and Article Six) on the earliest of the following dates:” has been deleted and replaced with
the phrase “(as provided in Article 5 and Article 6) on the earliest of the Vesting Dates described in Section 3.01(c) below.”
A new subsection (b) and (c) have been added prior to former Section 3.01(a)(1) as follows:
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