Attached files
file | filename |
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10-K - CLARCOR INC. | v171580_10k.htm |
EX-21 - CLARCOR INC. | v171580_ex21.htm |
EX-13 - CLARCOR INC. | v171580_ex13.htm |
EX-23 - CLARCOR INC. | v171580_ex23.htm |
EX-32.1 - CLARCOR INC. | v171580_ex32x1.htm |
EX-12.1 - CLARCOR INC. | v171580_ex12x1.htm |
EX-32.2 - CLARCOR INC. | v171580_ex32x2.htm |
EX-31.1 - CLARCOR INC. | v171580_ex31x1.htm |
EX-31.2 - CLARCOR INC. | v171580_ex31x2.htm |
EX-10.2 - CLARCOR INC. | v171580_ex10-2.htm |
EX-10.1 - CLARCOR INC. | v171580_ex10-1.htm |
EX-10.10 - CLARCOR INC. | v171580_ex10x10.htm |
EX-10.2C - CLARCOR INC. | v171580_ex10-2c.htm |
EX-10.2B - CLARCOR INC. | v171580_ex10-2b.htm |
EX-10.7B - CLARCOR INC. | v171580_ex10-7b.htm |
EX-10.2F - CLARCOR INC. | v171580_ex10-2f.htm |
Exhibit
10.2(d)
EXECUTIVE RETIREMENT PLAN
(1999).
WHEREAS,
CLARCOR Inc. (the “Company”) currently has in effect the Amended and Restated
CLARCOR Inc. Executive Retirement Plan with an effective date of December 20,
1999 (the “Grandfathered Plan”);
WHEREAS,
the Board of Directors of the Company has authorized the amendment of the
Grandfathered Plan as being in the best interest of the Company, as further
specified herein;
WHEREAS,
all capitalized terms used herein have the meanings ascribed to them in the
Grandfathered Plan unless otherwise defined;
NOW,
THEREFORE, the Grandfathered Plan is hereby modified as follows:
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1.
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Amendments.
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(a)
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The
following definitions are added to Article I of the Grandfathered
Plan:
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“PBGC Rate” means the
“immediate” interest rate published each month by the PBGC that is used to
determine the amount of lump-sum benefits paid by PBGC under plans that PBGC
trustees.
“36 Month Average PBGC
Rate” means the mathematical average of the most recently published
thirty six months of PBGC Rates as of the date on which benefits under this Plan
are to commence (i.e., the PBGC Rate in effect on such date, plus the thirty
five PBGC Rates published immediately prior thereto; divided by thirty
six).
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(b)
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The
fourth sentence of Article VIII of the Plan is hereby deleted and replaced
in its entirety by the following
text:
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…
The determination of the single sum payment shall be based on (i) the unisex
mortality assumptions then being used to calculate alternative benefits under
the CLARCOR Pension Plan and (ii) the 36 Month Average PBGC Rate.
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2.
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No Further
Amendment. Except as set forth in the preceding
paragraphs, the Grandfathered Plan and all other provisions thereof remain
unchanged.
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3.
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Effective
Date. This Amendment shall be effective as of December
14, 2009.
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IN
WITNESS WHEREOF, the Secretary of the Company has hereunto set his hand pursuant
to the authorization from its Board of Directors.
CLARCOR
Inc.
/s/
Richard M. Wolfson
By: Richard
M. Wolfson
Vice
President – General Counsel and
Corporate
Secretary
Date: January
12, 2010