1 EXHIBIT 10.42 AMENDMENT NO. 9 TO THE GENUINE PARTNERSHIP PLAN This Amendment to the Genuine Partnership Plan is adopted by Genuine Parts Company (the "Company"), effective as of the date set forth herein. WITNESSETH: WHEREAS, the Company maintains the Genuine Partnership Plan (the "Plan"), as amended and restated effective January 1, 1994, and such Plan is currently in effect; and WHEREAS, the Company desires to amend Schedule B of the Plan; WHEREAS, the Company has authorized the Committee to the Plan ("Committee") to amend Schedules to the Plan and the Committee has authorized Frank Howard to execute such amendments without a meeting of the Committee; NOW, THEREFORE, BE IT RESOLVED that Schedule B is hereby deleted and a new Schedule B is substituted in lieu thereof as follows: "SCHEDULE B Credit for Service with Predecessor Employers I. General Rule - No Past Service. Unless otherwise identified in Part II below, an Employee will not receive Credited Service or Years of Eligibility Service under this Plan for any purpose. Instead (unless otherwise required by law) Hours of Service worked for a predecessor employer prior to the Designation Date shall be ignored. II. Definition of Past Service Credit. If Employees who were previously employed by a predecessor employer are granted past service credit (as noted below), such Employees who are employed by an Employer on the Designation Date shall receive Credited Service and Years of Eligibility Service under this Plan beginning with the employment commencement date with the predecessor employer, but subject to all of the rules concerning crediting of service and Breaks in Service set forth in this Plan. 2 Extent of Credit for Services Name Designation Date With Predecessor Company ---- ---------------- ----------------------------- 1. Odell Hardware Company 7/1/88 Past Service Credit Granted ("Odell") 2. Clark Siviter 7/1/88 Past Service Credit Granted 3. Brooks-Noble Parts 7/1/88 Past Service Credit Granted & Machine Co., Inc. 4. General Automotive Parts 7/1/88 Past Service Credit Granted Company and its subsidiaries ("General Automotive") 5. Standard Units Parts 7/1/88 Past Service Credit Granted Corporation including its subsidiary Manco, Inc. ("Standard Units Parts") 6. NAPA Des Moines 7/1/88 Past Service Credit Granted Warehouse ("Des Moines") III. (a) Acquisitions Prior to January 1, 1994. Participants employed by the following predecessor employers that were acquired prior to January 1, 1994, shall not receive Past Service Credit as of the date the predecessor employer was acquired by or merged into Genuine Parts Company. However, after an employee of such predecessor employer becomes a Participant in the Plan by satisfying the requirements of Section 3.01, such Participant shall receive Credited Service for all employment with such predecessor employer effective as of the Employment Date indicated below provided such individuals were employed by an Employer (as determined by the Committee) on the Employment Date. (b) Acquisitions On or After January 1, 1994. Participants employed by the following predecessor employers that were acquired on or after January 1, 1994 shall receive Credited Service and credit for participation purposes under Article III for all employment with such predecessor employer effective as of the Employment Date indicated below provided such individuals were employed by an Employer (as determined by the Committee) on the Employment Date. (c) Important Restrictions. Credited Service granted under (a) or (b) above may be forfeited or disregarded in accordance with the definition of Credited Service set forth in Article II. Furthermore, no Credited Service shall be granted for employment with a predecessor employer if the granting of such Credited Service will adversely impact the tax qualified status of the Plan. -2- 3 Davis & Wilmar, Inc. May 1, 1993 Pittsburg, PA (Acquired 7/1/92) M&B, Inc. (Lesker Office Supplies, Inc.) November 1, 1993 Charlotte, NC The Parts, Inc. January 1, 1995 Anchorage, AK (Acquired 1/1/94) Dade City Jobbing Group January 1, 1994 Dade City, FL (Acquired 1/2/92) Atlantic Tracy Inc. November 1, 1995 Summerville, MA Midcap Bearing Corporation June 1, 1995 San Antonio, TX Motion Equipment, Inc. June 1, 1995 Houston, TX Power Drives & Bearings, Inc. October 1,1995 Omaha, NB Friend's Motor Supply, Inc. June 30, 1997 Hastings, NE Utah Bearing and Fabrication, Inc. October 3,1997 Salt Lake City, UT Colorado Bearing and Supply, Inc. October 3, 1997 Denver, CO Quality Auto Supply of Alaska, Inc. April 1, 1998 Palmer, AK Berry Bearing Company /Tom Steel Div. January 1, 1998 Lyons, IL (Acquired 2/93) Cascade Bearings April 1, 1998 Yakima, WA Horizon U.S.A. Data Supplies, Inc. August 1, 1998 Reno, NV (Acquired on 4/1/95) -3- 4 Berry Bearing Company (all divisions October 1, 1998 other than Tom Steel Division) (Acquired 2/93) Lyons, IL Hub Tool & Supply, Inc. January 1, 1999 Wichita, KS Bush-Miller, Inc. April 1, 1999 York, PA" This amendment shall be effective April 1, 1999. Except as amended herein, the Plan shall remain in full force and effect. IN WITNESS WHEREOF, Genuine Parts Company, acting through the Committee has caused this Amendment to the Plan to be executed on the date shown below but effective as of the date indicated above. COMMITTEE TO THE GENUINE PARTNERSHIP PLAN By: /s/ Frank M. Howard ------------------------------------- Frank Howard, acting on behalf of the Committee Date: April 5, 1999 ----------------------------------- -4-