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As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/22/11 SPX Corp 10-K 12/31/10 47:9.2M Toppan Merrill-FA |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 1.55M 2: EX-10.48 Material Contract HTML 49K 3: EX-10.49 Material Contract HTML 60K 4: EX-10.50 Material Contract HTML 15K 5: EX-10.51 Material Contract HTML 28K 6: EX-21.1 Subsidiaries List HTML 65K 7: EX-23.1 Consent of Experts or Counsel HTML 18K 8: EX-23.2 Consent of Experts or Counsel HTML 18K 11: EX-99.1 Miscellaneous Exhibit HTML 19K 9: EX-31.1 Certification -- §302 - SOA'02 HTML 28K 10: EX-32.1 Certification -- §906 - SOA'02 HTML 17K 37: XML IDEA XML File -- Definitions and References XML 115K 43: XML IDEA XML File -- Filing Summary XML 78K 41: XML.R1 Consolidated Statements of Operations XML 465K 42: XML.R2 Consolidated Balance Sheets XML 445K 26: XML.R3 Consolidated Balance Sheets (Parenthetical) XML 65K 31: XML.R4 Consolidated Statements of Equity and XML 1.22M Comprehensive Income (Loss) 35: XML.R5 Consolidated Statements of Equity and XML 121K Comprehensive Income (Loss) (Parenthetical) 34: XML.R6 Consolidated Statements of Cash Flows XML 696K 46: XML.R7 Consolidated Statements of Cash Flows XML 86K (Parenthetical) 21: XML.R8 Summary of Significant Accounting Policies XML 67K 33: XML.R9 Use Of Estimates XML 86K 20: XML.R10 New Accounting Pronouncements XML 55K 19: XML.R11 Acquisitions and Discontinued Operations XML 88K 25: XML.R12 Business Segment Information XML 154K 39: XML.R13 Special Charges, Net XML 126K 27: XML.R14 Inventories XML 49K 28: XML.R15 Goodwill and Other Intangible Assets XML 167K 32: XML.R16 Investment in Joint Venture XML 59K 47: XML.R17 Employee Benefit Plans XML 371K 24: XML.R18 Income Taxes XML 137K 18: XML.R19 Indebtedness XML 105K 30: XML.R20 Financial Instruments XML 113K 38: XML.R21 Commitments, Contingent Liabilities and Other XML 60K Matters 23: XML.R22 Shareholders' Equity and Stock-Based Compensation XML 147K 36: XML.R23 Fair Value XML 71K 29: XML.R24 Quarterly Results (Unaudited) XML 103K 45: XML.R25 Subsequent Event XML 39K 40: XML.R26 Document and Entity Information XML 205K 44: EXCEL IDEA Workbook of Financial Reports (.xls) XLS 1.26M 12: EX-101.INS XBRL Instance -- spw-20101231 XML 1.63M 14: EX-101.CAL XBRL Calculations -- spw-20101231_cal XML 197K 15: EX-101.DEF XBRL Definitions -- spw-20101231_def XML 270K 16: EX-101.LAB XBRL Labels -- spw-20101231_lab XML 827K 17: EX-101.PRE XBRL Presentations -- spw-20101231_pre XML 378K 13: EX-101.SCH XBRL Schema -- spw-20101231 XSD 87K 22: ZIP XBRL Zipped Folder -- 0001047469-11-001138-xbrl Zip 151K
EXHIBIT 10.51
AMENDMENT TO THE
SPX CORPORATION SUPPLEMENTAL RETIREMENT SAVINGS PLAN
SPX Corporation currently maintains the SPX Corporation Supplemental Retirement Savings Plan (the “Plan”). Pursuant to the powers of amendment reserved in Section 7.1 of the Plan, effective as of December 31, 2010, SPX Corporation hereby amends the Plan in the following manner:
1. Section 2.1 of the Plan is amended to read as follows:
“2.1 Participation.
(a) For Plan Years After 2010. Effective as of December 31, 2010, and commencing with the 2011 Plan Year, an Employee shall be eligible to be a Participant hereunder if such Employee (i) is eligible to participate in the Executive Annual Incentive Plan (as determined under the terms of such plan) and has a pay grade level of H or above, (ii) is eligible to participate in the Executive Bonus Plan (as determined under the terms of such plan) and has a pay grade level of H or above, or (iii) has a positive Account balance under the Plan as of December 31, 2010. For an Employee that meets such criteria as of December 31, 2010, eligibility to participate in the Plan shall be immediate.
For an Employee that meets such criteria in a Plan Year after December 31, 2010, and subject to Section 2.2, such Employee shall be eligible to participate in the Plan depending on when such criteria was met within the Plan Year:
(i) if the Employee meets such criteria in a Plan Year between January 1 and April 30 of such Plan Year, the Employee shall be eligible to participate in the Plan in the first Plan Year following such Plan Year;
(ii) if the Employee meets such criteria in a Plan Year between May 1 and October 31 of such Plan Year, the Employee shall be eligible to participate in the Plan in the first Plan Year following such Plan Year; and
(iii) if the Employee meets such criteria in a Plan Year between November 1 and December 31 of such Plan Year, the Employee
shall be eligible to participate in the Plan in the second Plan Year following such Plan Year.
For a Participant who ceases to be eligible to participate in the Plan in accordance with Section 2.2, and then subsequently again meets the eligibility criteria described in the first sentence of Section 2.1(a), such Employee’s eligibility to participate in the Plan again shall be determined in the same manner as above (with the subsequent meeting of the eligibility criteria keying when eligibility commences again).
(b) For Plan Years Before 2011. For Plan Years before 2011, eligibility to participate in the Plan shall be determined according to the provisions and terms then in effect under the Plan (and in accordance with Code Section 409A to the extent applicable).
(c) Eligible Employees shall be notified of their ability to participate in the Plan and shall be offered the opportunity to make contributions hereunder, as set forth at Section 3.1 hereof.”
2. Section 3.1 of the Plan is amended to read as follows:
“3.1 Elections to Contribute.
(a) A Participant may elect to have a percentage of Compensation deferred under this Plan. Such deferrals shall occur on a per payroll basis. Such an election with respect to any Plan Year must be made, with respect to amounts paid during such Plan Year, prior to the June 30th of the preceding Plan Year, during the time period prescribed by the Administrator. Such elections shall be irrevocable for the applicable Plan Year after the election deadline provided in the preceding sentence.
A Participant may separately elect (i) a basic deferral percentage (in 1% increments, up to 50% of Compensation, which includes, without limitation, bonuses except for the bonus (if any) paid under the Executive Bonus Plan and/or Executive Annual Incentive Plan), and (ii) a supplemental bonus deferral percentage (in 1% increments, up to 100%), applicable only to the bonus (if any) paid under the Executive Bonus Plan and/or Executive Annual Incentive Plan.
Notwithstanding the preceding, contribution elections for newly eligible Participants (which, for these purposes, shall include Employees who again become eligible as provided under the last paragraph of Section 2.1(a)) shall be as provided under Sections 3.1(b)-(d), as applicable.
(b) A newly eligible Participant whose eligibility timing is determined pursuant to clause (i) of the second paragraph of Section 2.1(a) shall make elections to contribute with respect to the applicable Plan Year in the same manner as provided under Section 3.1(a).
(c) A newly eligible Participant whose eligibility timing is determined pursuant to clause (ii) of the second paragraph of Section 2.1(a) shall make elections to contribute with respect to the applicable Plan Year as provided in this Section 3.1(c). Such newly eligible Participant may elect to have a percentage of Base Compensation deferred under this Plan (in 1%
increments, up to 50% of Base Compensation). Such deferrals shall occur on a per payroll basis. Such an election with respect to any Plan Year must be made, with respect to amounts paid during such Plan Year, prior to the December 31st of the preceding Plan Year, during the time period prescribed by the Administrator. Such elections shall be irrevocable for the applicable Plan Year after the election deadline provided in the preceding sentence. For these purposes, “Base Compensation” shall have the same meaning as Compensation but excluding any bonuses.
(d) A newly eligible Participant whose eligibility timing is determined pursuant to clause (iii) of the second paragraph of Section 2.1(a) shall make elections to contribute with respect to the applicable Plan Year in the same manner as provided under Section 3.1(a).
(e) Notwithstanding the foregoing, the applicable deferral percentages permitted under this Section 3.1 shall be reduced to the extent required by Code Section 409A with respect to a newly-eligible Participant (which shall include an Employee deemed to be “initially eligible” as provided under Code Section 409A).
(f) Having made an election as provided under this Section 3.1, the percentage of Compensation (or, if applicable, Base Compensation) a Participant has elected to defer shall be credited by the Company to this Plan for any Plan Year with respect to all Compensation (or, if applicable, Base Compensation) as defined by this Plan (or, if applicable, of a bonus payment (if any) under the Executive Bonus Plan and/or Executive Annual Incentive Plan) and paid during such Plan Year. However, no contributions are made to this Plan with respect to a Participant until one or more of the applicable limits in the Qualified Savings Plan have been reached. Such applicable limits under the Qualified Savings Plan are as follows:
(i) the limit on compensation under Code Section 401(a)(17);
(ii) the limit on deferrals and matching contributions under Code Sections 401(k) and 401(m); and
(iii) the limit on annual additions to accounts under Code Section 415.
(g) The contribution election procedures described in this Section 3.1 shall apply with respect to Participant Compensation (or, if applicable, Participant Base Compensation) in Plan Years after 2011. For prior Plan Years, the contribution election procedures shall be determined according to the applicable provisions and terms then in effect under the Plan (and in accordance with Code Section 409A to the extent applicable).”
3. Sections 3.2 and 4.2 of the Plan are amended by inserting “(or, if applicable, Base Compensation)” after “Compensation”.
4. Section 4.3 of the Plan is amended by inserting “(or such other percentage as set by the Company)” after “5%”.
This ‘10-K’ Filing | Date | Other Filings | ||
---|---|---|---|---|
Filed on: | 2/22/11 | 4 | ||
For Period end: | 12/31/10 | 11-K, ARS | ||
List all Filings |
As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 2/23/24 SPX Technologies, Inc. 10-K 12/31/23 136:19M 2/24/23 SPX Technologies, Inc. 10-K 12/31/22 139:22M 2/25/22 SPX Technologies, Inc. 10-K 12/31/21 144:23M 2/26/21 SPX Technologies, Inc. 10-K 12/31/20 122:21M 7/12/11 SEC UPLOAD¶ 9/14/17 1:45K SPX Technologies, Inc. |