FIRST AMENDMENT TO THE
EXECUTIVE SUPPLEMENTAL RETIREMENT
INCOME AGREEMENT
FOR XXXXXXX XXXXXX
For and in consideration of the premises, the Bank (as defined in the
referenced Agreement) and Xxxxxxx Xxxxxx (the "Executive") agree as follows:
Paragraph 3 of Exhibit A to the Agreement is modified as follows:
3. Supplemental Retirement Income Benefit means an actuarially determined
annual amount equal to Seventy-Nine Thousand Three Hundred and
Forty-Two ($79,342) at age 65 if paid entirely from the Accrued
Benefit Account or Forty-Seven Thousand Six Hundred and Five ($47,605)
at age 65 if paid from the Retirement Income Trust Fund.
Paragraph 4 of Exhibit A to the Agreement is deleted and the following is
substituted in its stead in order to correctly set forth the Schedule of Annual
Gross Contribution/Phantom Contributions:
Plan Year Amount
--------- ------
1999 $31,087
2000 35,582
2001 20,068
2002 22,621
2003 25,439
2004 28,545
2005 31,968
2006 35,736
2007 39,882
2008 44,441
2009 49,451
2010 54,952
2011 60,990
2012 67,615
2013 74,878
2014 82,838
2015 63,456
IN WITNESS WHEREOF, the Bank, the Holding Company and the Executive have
caused this Amendment to be executed on this, the 10th day of January, 2001.
ATTEST: UNITED NATIONAL BANK:
/s/ Xxxxx X. Xxxxx, Xx. By: /s/ Xxxxxx X. Xxxxxxx
------------------------------- --------------------------------
Secretary EVP & CFO
-----------------------------------
(Title)
ATTEST: UNITED NATIONAL BANCORP
/s/ Xxxxx X. Xxxxx, Xx. By: /s/ Xxxxxx X. Xxxxxxx
------------------------------- --------------------------------
Secretary VP & TREASURER
-----------------------------------
(Title)
WITNESS: EXECUTIVE:
/s/ Xxxx X. Xxxxx /s/ Xxxxxxx X. Xxxxxx
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