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EXHIBIT 10.33
AMENDMENT NO. 8 TO
THE GENUINE PARTS COMPANY
PENSION PLAN
This Amendment to the Genuine Parts Company Pension Plan is adopted by
Genuine Parts Company (the "Company") through action of the Pension Committee,
effective as of the date set forth herein.
WITNESSETH:
WHEREAS, the Company maintains the Genuine Parts Company Pension Plan
(the "Plan"), as amended and restated effective January 1, 1989, and such Plan
is currently in effect; and
WHEREAS, under Section 4.02(c) and 8.06(c), the Pension Committee has
the authority to amend Schedule E to the Plan;
NOW, THEREFORE, BE IT RESOLVED that the Plan is hereby amended as
follows effective September 30, 1998:
1.
The following is hereby added to the end of Schedule E of the Plan as
follows:
"3. Retirement Window for Closure of the Customer Financial
Management Services Office for the Eastern Division. The
following non-highly compensated employees may elect early
retirement without the early reduction factor described in
Section 4.02(b) of the Plan. Furthermore such non-highly
compensated employees who elect the early retirement window
benefit shall receive a monthly benefit of $419.61 (less
applicable withholding, if any) from October 1, 1998 until
the earlier of the month in which the Participant attains age
65 or the Participant's death. Such non-highly compensated
employees must notify the Company of their desire to elect
the early retirement window between August 5, 1998 and
September 30, 1998. Only the following Participants are
eligible for this early retirement window: Kathleen D. Rosa
and Joan E. Garofalo."
2.
Except as amended herein, the Plan shall remain in full force and
effect.
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IN WITNESS WHEREOF, Genuine Parts Company, acting through the Pension
Committee has caused this Amendment to the Plan to be executed on the date
shown below but effective as of the date indicated above.
PENSION COMMITTEE TO THE
GENUINE PARTS COMPANY
PENSION PLAN
By: /s/ George W. Kalafut
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Date: January 22, 1999
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By: /s/ Edward J. Van Stedum
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Date: January 22, 1999
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By: /s/Jerry Nix
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Date: January 22, 1999
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By: /s/Frank M. Howard
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Date: January 22, 1999
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