SIXTH AMENDMENT
TO THE
ZEBRA TECHNOLOGIES CORPORATION
PROFIT SHARING AND SAVINGS PLAN
THIS AMENDMENT made and entered into the 1st day of January, 1997, by and
between ZEBRA TECHNOLOGIES CORPORATION (the "Employer") and XXXXXX XXXXXX and
XXXXXXX XXXXX, as Co-Trustees (the "Trustees").
WHEREAS, the Employer heretofore adopted the ZEBRA TECHNOLOGIES CORPORATION
PROFIT SHARING AND SAVINGS PLAN (the "Plan") originally effective June 1, 1984,
the Plan having been last amended and restated effective January 1, 1989; and
WHEREAS, the Plan has been amended from time to time; and
WHEREAS, the Employer now desires to further amend the Plan; and
WHEREAS, under the terms of the Plan, the Employer has the right to amend
the Plan; and
WHEREAS, the Employer has delegated the power to amend the Plan to the
undersigned officers.
NOW, THEREFORE, the Employer hereby amends the Plan as follows, effective
January 1, 1997:
I.
Section 2.10 of the Plan is hereby amended by adding the following new
paragraph at the end thereof:
"Notwithstanding the preceding paragraph to the contrary, effective
January 1, 1997, a Break In Service for vesting purposes shall mean a
consecutive 12-month period beginning on the Severance From Service
Date and ending on the first
anniversary of such date, provided that the Employee does not perform
an Hour of Service for the Employer during such period."
II.
Section 2.43 of the Plan is hereby amended by deleting the last sentence of
the first paragraph and by adding the following sentence in lieu thereof:
"For purposes of determining Forfeitures under Article V, the
computation period shall coincide with the Plan Year. Effective
January 1, 1997, a Year of Service for vesting purposes shall mean a
Period of Service of one (1) year."
III.
Article II of the Plan is hereby amended by adding the following additional
defined terms, relating solely to the determination of vesting under Article VI,
to the end of Article II as new Sections 2.44 through 2.46:
"2.44 PERIOD OF SERVICE. Effective January 1, 1997, the period
commencing on the Employee's Employment Commencement Date or
Re-employment Commencement Date, whichever is applicable, and ending
on the Employee's Severance From Service Date. For purposes of
determining vesting pursuant to Article VI, only whole Years of
Service (whether or not consecutive) shall be considered and any
Period of Service less than one (1) whole year shall be disregarded.
Further, for purposes of determining vesting, the service spanning
rules provide that if an Employee xxxxxx from service by reason of
quit, discharge or retirement and then perform an Hour of Service
within the 12-month period following such Employee's Severance From
Service Date, a Period of Severance shall not be considered to have
occurred. However, if an Employee is absent for any other reason and
then quits, is discharged or retires, the Employee must perform an
Hour of Service during the 12-month period following the first day of
absence in order to receive credit for vesting for such year."
"2.45 PERIOD OF SEVERANCE. Effective January 1, 1997, the
period commencing on the Employee's Severance From Date and ending on
the date that the Employee again performs and Hour of Service for the
Employer."
"2.46 SEVERANCE FROM SERVICE DATE. The earliest of:
(a) the date on which the Employee quits, retires, is
discharged, or dies;
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(b) the first anniversary of the first date of a period in which
the Employee remains absent from service (with or without
pay) with the Employer for any reason other than quit,
retirement, discharge or death."
IV.
Section 6.6 of the Plan is hereby amended by deleting the old schedule and
adding the following new schedule therein:
Completed Years of Service Vested Percentage
-------------------------- -----------------
1 20
2 40
3 60
4 80
5 or more 100
V.
Article VI of the Plan is hereby amended by adding the following new
Section 6.11 as a part thereof:
"6.11 ELAPSED TIME METHOD. The elapsed time method of computing
vesting service hereunder shall be effective January 1, 1997. No
employee shall suffer any reduction in his total number of Years of
Service or his vested percentage as of January 1, 1997 by application
of the different method of computing Years of Service."
VI.
Except as hereinbefore amended, the Plan shall continue in full force and
effect in accordance with its terms.
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IN WITNESS WHEREOF, this SIXTH AMENDMENT has been executed by the Employer
and Trustees to signify their acceptance of the terms hereof as of the date
first written above.
EMPLOYER:
ATTEST: ZEBRA TECHNOLOGIES CORPORATION
By: By:
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Its Secretary Its President
By:
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Chief Financial Officer
By:
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Human Resource Officer
TRUSTEES:
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XXXXXX XXXXXX
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XXXXXXX XXXXX
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