Attached files
Exhibit 10.56
FIRST AMENDMENT TO AQUA AMERICA, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
FOR NICHOLAS DEBENEDICTIS
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
FOR NICHOLAS DEBENEDICTIS
(As Amended and Restated Effective January 1, 2008)
WHEREAS, Aqua America, Inc. (the Company) maintains the Aqua America, Inc. Supplemental
Executive Retirement Plan for Nicholas DeBenedictis (the Plan); and
WHEREAS, the Company desires to amend the Plan to increase the benefit payable to a Surviving
Spouse;
NOW, THEREFORE, effective as of the date set forth below, Section 1.19 of the Plan is hereby
amended to read as follows:
1.19 Surviving Spouse Benefit means the survivor annuity payable to the
Surviving Spouse determined as if the Participant had retired on the later of the day prior
to his death or on the date of his earliest retirement age (having survived to such date),
with an immediate joint and 75% survivor annuity. A Surviving Spouse Benefit shall be
determined in the form of a single life annuity (based on such 75% survivor annuity) for the
life of the Surviving Spouse commencing on the later of the Participants date of death or
earliest retirement age. Earliest retirement age shall have the same meaning as under the
Retirement Plan.
IN WITNESS WHEREOF, Aqua America, Inc. has caused this Amendment to be duly executed, under
seal, this 10th day of December, 2009.
AQUA AMERICA, INC. | ||||
Maria Gordiany
|
By: | Roy H. Stahl | ||
Assistant Secretary
|
Chief Administrative Officer, General Counsel and Secretary |
[Corporate Seal]