Exhibit 10.36.2
AMENDMENT NO. 2 TO THE
XXXXXX ASSET MANAGEMENT, LTD.
PROFIT-SHARING AND SAVINGS PLAN AND TRUST AGREEMENT
(as Amended and Restated Effective January 1, 1997)
The Xxxxxx Asset Management, Ltd. Profit-Sharing and Savings Plan and Trust
Agreement (the "Plan") is hereby amended effective August ___, 2000, as follows:
1. Section 1.26 is amended to add the following between "Rollover
Contribution" and "Top-Heavy Plan":
Definition Appears in Section
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"Special Transition Participants" 4.3(b)
2. Section 4.3 is amended so that the entire text of the prior Section 4.3
shall become Section 4.3(a) and to add the following paragraph as new Section
4.3(b):
"Notwithstanding the other provisions of this Section 4.3, each
Participant who is not a Highly Compensated Employee for the 2000 Plan
Year, who enters into a written employment agreement ("Employment
Agreement") on or after June 7, 2000, who experiences a Termination of
Employment "for good reason or by the Company without cause" (as
determined under that Employment Agreement) as of September 29, 2000, and
who fulfills all conditions of such Employment Agreement shall be
considered a "Special Transition Participant." Special Transition
Participants shall be entitled to share in a special Employer contribution
for the 2000 Plan Year, which shall be made and allocated as of September
29, 2000. The special Employer contribution described in the preceding
sentence shall be allocated among the Special Transition Participants in
proportion to their Compensation through September 29, 2000, in the same
manner as Employer contributions are allocated under Section 4.4. Special
Transition Participants shall not be entitled to share in the allocation
of the Employer contribution and Forfeitures for the 2000 Plan Year under
Section 4.4. Notwithstanding the other provisions of this Section 4.3, no
amount will be allocated under this paragraph (b) to the extent it would
cause the Plan to violate any nondiscrimination or other qualification
rule under the Code.
3. Section 7.3 (ii) is amended to add the following Subsection (D) to the end
thereof:
(D) by reason of being a Special Transition Participant pursuant to
Section 4.3.
IN WITNESS WHEREOF, the Company has caused this Agreement to be executed
and attested and said Trustees have hereunto set their hands, all on the
_________ day of __________, 2000.
XXXXXX ASSET MANAGEMENT, LTD.
By:
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Its:
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ATTEST:
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Xxxxx X. Xxxxx, as Trustee
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Xxxxxx X. Xxxxxxxxxxxx, as Trustee
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Xxxxxxx X. XxXxxxx, as Trustee
