1 EXHIBIT 10(a) FIRST AMENDMENT TO BEARINGS, INC. SUPPLEMENTAL EXECUTIVE RETIREMENT BENEFITS PLAN (JULY 1, 1993 RESTATEMENT) WHEREAS, the Bearings, Inc. Supplemental Executive Retirement Benefits Plan (hereinafter referred to as the "Plan") was established by Bearings, Inc. (hereinafter referred to as the "Company") on January 21, 1988, for the benefit of certain of the officers and key executives; and WHEREAS, the Plan was amended and restated as of July 1, 1993; and WHEREAS, the Company now desires to amend the Plan effective as of December 31, 1993, to vest participants in their accrued benefits thereunder; NOW, THEREFORE, the Plan is hereby amended, effective as of December 31, 1993, by the addition of a new Section 3.3 to provide as follows: 3.3 VESTING. Each Participant shall be 100% vested in his accrued supplemental executive retirement benefit under the Plan. Executed at Cleveland, Ohio, this 24th day of December, 1993. BEARINGS, INC. By: /s/ John C. Dannemiller -------------------------------- Title: Chairman & Chief Executive Officer