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Exhibit 10.2(4)
Execution Copy
AMENDMENT NUMBER FOUR
TO THE
UPS SAVINGS PLAN
AMENDMENT AND RESTATEMENT
EFFECTIVE AS OF DECEMBER 31, 2008
WHEREAS, United Parcel Service of America, Inc. (the “Company”) and its affiliated corporations maintain the UPS Savings Plan (the “Plan”) amended and restated effective as of December 31, 2008;
WHEREAS, the Board of Directors of the Company (“Board”) reserved the right in Section 14.1 of the Plan to amend, modify or change the Plan from time to time;
WHEREAS, the SavingsPLUSContribution was reinstated effective as of January 1, 2011;
WHEREAS, the Board desires to amend the definition of Eligible Compensation used to determine the SavingsPLUS Contribution to exclude all MIP Awards; and
WHEREAS, no MIP Awards have been made in 2011 as of the effective date of this amendment.
NOW THEREFORE, pursuant to the authority vested in the Board of Directors of United Parcel Service of America, Inc. by Section 14.1 of the UPS Savings Plan (“Plan”), Section 1.19(d) is hereby amended, effective as of May 1, 2011, to read as follows:
(d) MIP awards (other than the portion payable solely in the form of cash for purposes of determining Pre-Tax Contributions and After-Tax Contributions);
IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of America, Inc. based upon action taken by its Board of Directors and/or its Executive Committee has caused this Amendment Number Four to be adopted.
ATTEST: | UNITED PARCEL SERVICE OF AMERICA, INC. | |||||||||||||
/s/ Teri P. McClure | /s/ D. Scott Davis | |||||||||||||
Teri P. McClure Secretary | D. Scott Davis Chairman | |||||||||||||
Date: May 26th, 2011 | Date: May 26th, 2011 |