Napa Auto Parts 2010 Annual Report Download - page 76

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“Section 10.05” in paragraph 6.02(b) has been replaced with “Section 12.05”.
The word “etc.” in Section 6.02(b) has been replaced with “Etc.”.
The word “payable” has been added after the phrase “whichever is applicable” in the first sentence of Section 6.02(b).
A new sentence has been added immediately after the first sentence of Section 6.02(b): “In other words, if the Key Employee is also a Rule of 70 Employee
who elected option one, Section 5.01 applies; otherwise Section 5.02 applies.”
12.
Effective January 1, 2011, new Articles Seven and Eight have been added, as follows:
“PART B FORMULA
(Article 7 and Article 8)
As noted above, this Plan has two benefit formulas. The benefit described in Article 7 and Article 8 is referred to as the Part B formula. The Part B Formula
applies only to Key Participants who began participation in the Plan on or after January 1, 2011. The Part B Formula does not apply to Key Employees who
commenced participation in this Plan prior to January 1, 2009. As noted in Section 1.01, no employee commenced participation in the Plan during 2009 or
2010.
ARTICLE SEVEN – ADDITIONAL RETIREMENT INCOME
7.01 Calculation of Additional Retirement Income for a Key Participant who has a Separation from Service on the Key Participant’s Normal Retirement Date .
(a) Key Participant has competed fifteen or more years of Credited Service prior to the Key Participant’s Separation from Service .
(1) This Section 7.01(a) contains the benefit formula for a Key Participant who has a Separation from Service with the Employer on his or her
Normal Retirement Date (as defined in Section 7.01(c)) and who completed 15 or more years of Credited Service prior to his or her
Separation from Service.
(2) Each Key Participant described in Section 7.01(a)(1) who has a Separation from Service with the Employer by reason of retirement or
voluntary or involuntary termination shall, except as provided in
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