EXHIBIT 10.6.a
AMENDMENT
OF THE
FMC EMPLOYEES' THRIFT AND STOCK PURCHASE PLAN
WHEREAS, FMC and Snap-On Incorporated ("Snap-On") will be parties to an
Acquisition Agreement under which FMC will sell and assign the assets and
liabilities of its Automotive Service Equipment Division (the "Business") to
Snap-On, and employees of the Business will be offered employment by Snap-On;
and
WHEREAS, the Acquisition Agreement provides that FMC will amend the FMC
Employees' Thrift and Stock Purchase Plan (the "Thrift Plan") and the FMC
Corporation Salaried Employees' Retirement Plan (the "Salaried Plan") with
respect to employees who accept offers of employment with Snap-On (the
"Transferred Employees" as defined in the Acquisition Agreement;
NOW, THEREFORE, IT IS RESOLVED, effective as of the "Closing Date" as defined in
the Acquisition Agreement, the Thrift Plan is amended as follows:
1. Each Transferred Employee is fully vested in his or her entire Plan
Benefit.
2. Any outstanding loan from the Plan to a Transferred Employee shall
remain outstanding pursuant to the terms of the applicable loan agreement,
but not beyond the date of the Transferred Employee's termination of
employment with Snap-On Incorporated, notwithstanding such Transferred
Employee's termination of employment with FMC; provided, however, that such
loans shall remain outstanding only for such period as Snap-On Incorporated
facilitates loan repayments by payroll deduction.
Dated: March 28, 1996
FMC CORPORATION
By /s/ Xxxxxxx X. Xxxxxxxx
----------------------------
Member, FMC Employee Welfare
Benefits Plan Committee