Exhibit 10(l)
SIXTH AMENDMENT TO
THE RURBAN FINANCIAL CORP.
SAVINGS PLAN AND TRUST
DATED MAY 1, 1995
SIXTH AMENDMENT TO
THE RURBAN FINANCIAL CORP.
SAVINGS PLAN AND TRUST
This SIXTH AMENDMENT was made and executed at Defiance, Ohio on the 1st day of
May, 1995, by and between RURBAN FINANCIAL CORP., a corporation organized and
existing under the laws of the state of Ohio (hereinafter referred to as
"Employer"), and THE STATE BANK AND TRUST COMPANY, (hereinafter referred to as
"Trustee").
WITNESSETH:
WHEREAS, the Employer established "The Rurban Financial Corp. Savings Plan
and Trust" (hereinafter referred to as the "Plan") which became effective
July 1, 1988; and
WHEREAS, the Employer desires to amend said Plan in certain respects.
NOW, THEREFORE, the parties hereto agree as follows:
Effective January 1, 1994, the fifth paragraph of Section 3.06, Limitations on
Annual Additions, shall be amended in its entirety as follows:
"If, as a result of a reasonable error in estimating a Participant's
Compensation, a reasonable error in determining the amount of elective
deferrals (within the meaning of Code Section 402(g)(3)) that may be made with
respect to any Participant under the limits of this Section, or other facts
and circumstances to which Regulation 1.415-6(b)(6) shall be applicable, the
"annual additions" under this Plan would cause the maximum "annual additions"
to be exceeded for any Participant, the Administrator shall (1) distribute any
elective deferrals (within the meaning of Code Section 402(g)(3) or return any
voluntary Employee contributions credited for the "limitation year" and
distribute gains attributable to those elective deferrals and contributions to
the extent that the return would reduce the "excess amount" in the
Participant's accounts (2) hold any "excess amount" remaining after the return
of any elective deferrals or voluntary Employee contributions in a "Section
415 suspense account" (3) use the Section 415 suspense account "in the next
limitation year" (and succeeding "limitation years" if necessary) to reduce
Employer contributions for that Participant if that Participant is covered by
the Plan as of the end of the "limitation year," or if the Participant is not
so covered, allocate and reallocate the "Section 415 suspense account" in the
next "limitation year" (and succeeding "limitation years" if necessary) to all
Participants in the Plan before any Employer or Employee contributions which
would constitute "annual additions" are made to the Plan for such "limitation
year" (4) reduce Employer contributions to the Plan for such "limitation year"
by the amount of the "Section 415 suspense account" allocated and reallocated
during such "limitation year."
All other provisions of said Plan shall remain in full force and effect.
IN WITNESS WHEREOF, the Employer and Trustee have executed this Sixth
Amendment on the day and year first above written.
RURBAN FINANCIAL CORP.
/s/ Xxxxx X. Xxxxxx By: /s/ X. X. Xxxxxxx
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Witness
/s/ Xxxxxxx X. Xxxxxx By: /s/ Xxxxx X. Xxxx
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Witness
THE STATE BANK
AND TRUST COMPANY
/s/ Xxxx Xxxxxx By: /s/ Xxxxxx X. Xxxxxxxx
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Witness
/s/ Xxxxxx Xxxxxxxxx By: /s/ Xxxxxxxxx X. Xxxxxxx
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Witness