EXHIBIT 10.1
FIRST AMENDMENT TO
THE WASHINGTON TRUST COMPANY
NONQUALIFIED DEFERRED COMPENSATION PLAN
AS AMENDED AND RESTATED EFFECTIVE AS OF JANUARY 1, 2008
A. | WHEREAS, The Washington Trust Company (the “Company”) |
maintains The Washington Trust Company Nonqualified Deferred Compensation Plan, as amended and restated effective as of January 1, 2008 (the “Plan”), | |
for the benefit of its eligible employees; and | |
WHEREAS, the Company desires to amend the Plan; and | |
WHEREAS, the Company has delegated this right to amend the Plan to the Compensation and Human Resources Committee of the Company; and | |
WHEREAS, the Compensation and Human Resources Committee of the Company has authorized the following amendment to the Plan; | |
NOW, THEREFORE, the Company hereby amends the Plan as follows: | |
1. | Section 7.2(h) is hereby amended by deleting the reference to “September 15, 2008” and substituting in lieu thereof “March 14, 2009.” |
B. | The effective date of this Amendment is September 1, 2008. |
C. | In all other respects said Plan is hereby confirmed |
IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its duly authorized officer this 16th day of September, 2008. |
THE WASHINGTON TRUST COMPANY OF WESTERLY | |
/s/ John C. Warren | |
John C. Warren | |
Chairman and Chief Executive Officer |