Napa Auto Parts 2010 Annual Report Download - page 85
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The phrase “the Key Employee’s” has been deleted from the last part of the second sentence of Section 9.02(c) and replaced with the phrase “his or her”.
The phrase “Key Employee for the Key Employee’s life” in the second sentence of Section 9.02(d) has been replaced with “Key Employee or Key
Participant for his or her life”.
The phrase “or Key Participant’s” has been added after the words “upon the Key Employee’s” in the second sentence Section 9.02(d).
The phrase “or Key Participant’s” has been added after the words “(100%, 75% or 50%) of the Key Employee’s” in the second sentence of Section 9.02(d).
The phrase “the Key Employee’s Beneficiary” in the second sentence of Section 9.02(d) has been replaced with “his or her Beneficiary”.
The phrase “or Key Participant” has been added after the words “the Key Employee”, and the phrase “or Key Participant’s” has been added after the
words “the Key Employee’s” in the last sentence of Section 9.02(d).
15.
Effective January 1, 2011, changes to Section 7.03 have been amended as follows:
Section 7.03 has been renumbered as Section 9.03.
The phrase “or Key Participant” has been added after each instance of the phrase “the Key Employee” in Section 9.03 (four instances).
The word “Supplemental” has been deleted from the second and third sentences of Section 9.03.
The phrase “Life Annuity described in Article Five or Article Six, as applicable.” in the last sentence of Section 9.03 is changed to read “Life Annuity
described in Article 5, Article 6, Article 7 or Article 8, as applicable.”
16.
Effective January 1, 2011, Section 7.04 has been deleted in its entirety.
17.
Effective January 1, 2011, Article Eight has been renumbered as Article Ten.
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