Exhibit (10)H. (v)
Amendment No. 4
to
Agreement dated April 2, 0000 xxxxxxx
XXXXXX XXXXXXX
(xxxxxxxx Xxxxxx Xxxxxx Banks)
AND
T. XXXXXX XXXXXX
Subparagraph (ii) of Paragraph 6 is restated in full to read as follows:
ii) The retirement benefits to which Semrod shall be entitled shall be computed
on the basis of the benefit formulas as in effect at the time of
retirement, based on a date of commencement of employment as set forth in
subparagraph (i) above, set forth in the Plan and the supplemental defined
benefit retirement plans, including but not limited to (a) the Retirement
Restoration Plan adopted Xxxxx 00, 0000, (x) the Supplemental Retirement
Plan adopted August 16, 1989, (c) the Enhanced Retirement Income Plan
effective July 15, 1998, and any amendments and supplements thereto and any
replacement or successor plans and any additional supplemental defined
benefit retirement plans, subject to those limitations in such plans most
favorable to Semrod as to maximum Years of Service and ceilings on the
maximum retirement benefit payable, but not subject to any limitations
imposed by the Employee Retirement Income Security Act of 1974 (ERISA) or
its successor or replacement.
IN WITNESS WHEREOF, the parties hereto have executed this Amendment No. 4
this 20th day of January, 1999.
SUMMIT BANCORP
By: /s/ T.J. Xxxxxx Xxxxxx
-------------------------------
T.J. Xxxxxx Xxxxxx
Chair, Executive Committee
/s/ T. Xxxxxx Xxxxxx
-------------------------------
T. Xxxxxx Xxxxxx
