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EXHIBIT 4.7
SIXTH AMENDMENT TO
QUANEX CORPORATION EMPLOYEE SAVINGS PLAN
THIS AGREEMENT by Quanex Corporation (the "Sponsor"),
W I T N E S S E T H :
WHEREAS, on January 30, 1991, the Sponsor executed the plan
agreement known as "Quanex Corporation Employee Savings Plan" (the "Plan"); and
WHEREAS, the Sponsor retained the right in Section 9.1 of the
Plan to amend the Plan from time to time on behalf of itself and all other
employers that have adopted the Plan; and
WHEREAS, the Board of Directors of the Sponsor has approved
resolutions to amend the Plan;
NOW, THEREFORE, the Sponsor agrees that the Plan is amended,
effective as of October 1, 1995, as follows:
(1) Section 1.16 of the Plan is hereby completely amended and restated
to provide as follows:
1.16 Employee: Except as otherwise specified in this Section,
Employee means all common law employees employed by the Employer who
are not covered by a collective bargaining agreement. Employees of the
Sponsor who are working at one of the Xxxxxxx-Homeshield divisions and
directors not regularly employed by the Employer will not be
considered Employees. All leased employees (as defined in Section
414(n) of the Code) will not be considered Employees unless the Plan's
qualified status is dependent upon their coverage.
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IN WITNESS WHEREOF, the Sponsor has caused this Agreement to
be executed this ______ day of ______________, 1995.
QUANEX CORPORATION
By
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