{"id":40398,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/retirement-income-assurance-plan-fleetboston-financial-corp.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"retirement-income-assurance-plan-fleetboston-financial-corp","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/retirement-income-assurance-plan-fleetboston-financial-corp.html","title":{"rendered":"Retirement Income Assurance Plan – FleetBoston Financial Corp."},"content":{"rendered":"
INSTRUMENT TO ADOPT
\nAMENDMENT THREE TO THE
\nFLEETBOSTON FINANCIAL CORPORATION
\nRETIREMENT INCOME ASSURANCE PLAN<\/u><\/b><\/b><\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0WHEREAS, FleetBoston Financial Corporation (the \u0093Company\u0094) sponsors for the benefit of eligible employees the FleetBoston Financial Corporation Retirement Income Assurance Plan (the \u0093RIAP\u0094);<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0WHEREAS, Article 6 of the RIAP provides that the Company shall have the right at any time to amend the RIAP;<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0WHEREAS, the Human Resources and Board Governance Committee of the Company\u0092s Board of Directors, by resolution adopted June 17, 1998, delegated to the General Counsel of the Company the power and authority to amend the RIAP to the extent that any such amendment does not materially increase the cost of the Company\u0092s non-qualified plans (including the RIAP) and relates to a corporate merger or acquisition;<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0WHEREAS, employees of Liberty Wanger Asset Management, L.P. (\u0093Wanger Employees\u0094), as a result of the acquisition by Fleet National Bank of the asset management business of Liberty Financial Companies, Inc., generally became eligible to participate in the tax-qualified retirement plans maintained by the Company; and<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 WHEREAS, the Company wishes to exclude the Wanger Employees from coverage under the RIAP at least until the end of 2005;<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0NOW THEREFORE, the RIAP is hereby amended, as of November 1, 2001, to add a new Section B to the end of Appendix A to read as follows:<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0B.\u00a0\u00a0\u00a0\u00a0Liberty Wanger Asset Management<\/u><\/b>.<\/p>\n<\/pre>\n\n\n
\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0No employee who was employed with Liberty Wanger Asset Management, L.P. at the time of the acquisition by Fleet National Bank of the asset management business of Liberty Financial Companies, Inc., shall be a Participant in the Plan at any time prior to December 31, 2005.<\/td>\n<\/tr>\n<\/table>\n
<\/p>\n
\n<\/p>\n
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 IN WITNESS WHEREOF, this Amendment Three has been executed by a duly authorized officer of FleetBoston Financial Corporation this 24th<\/u> day of December, 2001.<\/p>\n\n\n\n\n
\u00a0<\/td>\nFLEETBOSTON FINANCIAL CORPORATION\u00a0\u00a0\u00a0<\/td>\n<\/tr>\n
r>
\n\u00a0r><\/p>\n
\u00a0<\/td>\n
<\/p>\n
br>\u00a0By:\u00a0\u00a0\/s\/ WILLIAM C. MUTTERPERL\u00a0\u00a0<\/u><\/td>\n
<\/t><\/tr>\n
r><\/p>\n
\u00a0<\/td>\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0William C. Mutterperl
\n\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0Executive Vice President, General
\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 Counsel and Secretary<\/td>\n<\/tr>\n
r>
\n<\/ttd><\/table>\n
2
\n<\/p>\n
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