AMENDMENT TO DEFERRED COMPENSATION AGREEMENT
Exhibit 99.3
AMENDMENT TO
DEFERRED COMPENSATION AGREEMENT
WHEREAS, SCPIE Management Company (the “Company”) and Xxxxxx X. Xxxxxx (“Executive”) are parties to that certain Deferred Compensation Agreement dated as of January 1, 2001 (the “Agreement”), pursuant to which Executive is entitled to receive certain deferred compensation benefits; and
WHEREAS, the Company and Executive desire to amend the Agreement as set forth herein; and
WHEREAS, the Company has approved the adoption of this amendment to the Agreement (this “Amendment”).
NOW, THEREFORE, BE IT RESOLVED, that the Agreement is hereby amended, effective as December 31, 2004, as follows:
The Agreement is hereby amended to provide that the Company will suspend all future Contribution Credits on behalf of Executive with respect to any portion of the Crediting Period commencing on or after January 1, 2005.
IN WITNESS WHEREOF, the parties hereto have each executed this Amendment effective as of December 31st, 2004.
SCPIE MANAGEMENT COMPANY | ||
By: |
/s/ Xxxxxx X. Xxx | |
Name: |
Xxxxxx X. Xxx | |
Title: |
President | |
/s/ Xxxxxx X. Xxxxxx | ||
Xxxxxx X. Xxxxxx |