CTS Corporation
Form 10-Q
Third Quarter 2007

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EXHIBIT (10)(c)

 
AMENDMENT TO
 
CTS CORPORATION
 
INDIVIDUAL EXCESS BENEFIT RETIREMENT PLAN
 
This Amendment (“Amendment”) to that certain CTS Corporation Individual Excess
Benefit Retirement Plan with respect to Donald K. Schwanz (the “Plan”) is
adopted as of September 12, 2007, by CTS Corporation, an Indiana corporation
(the “Company”).
 
RECITALS
 
WHEREAS, the Company previously adopted the Plan effective as of October 1,
2006; and
 
WHEREAS, the Company wishes to amend the Plan to comply with Section 409A of the
Internal Revenue Code.
 
NOW, THEREFORE, the Plan is hereby amended as follows, effective as of the date
first written above:
 
AMENDMENT
 
1.  
Section 2.02 of the Plan (“Beneficiary”) is amended by replacing the term
“termination of employment” contained therein with the term “separation from
service.”

 
 2.  
The fourth sentence of Section 3.03 of the Plan (“Payment of the Retirement
Benefit”) is amended by replacing the phrase “the date the Member’s employment
with the Company terminated” contained therein with the phrase “the date the
Member separated from service with the Company.”

 
3. The second paragraph of Section 3.03 of the Plan is amended in its entirety
to read as follows:
 
Notwithstanding anything to the contrary in this Plan, in the event that the
Member becomes disabled as defined by Section 409A of the Code prior to the
Member’s separation from service with the Company, the Retirement Benefit shall
be distributed to the Member as soon as practicable within 90 days after the
determination of the Member’s disability, and in such event no interest shall be
payable on the Retirement Benefit.  In the event that the Member dies after
separation from service with the Company, but prior to payment of the Retirement
Benefit, the Retirement Benefit and interest thereon calculated as provided
above to the date of payment, shall be distributed to the Beneficiary as soon as
practicable, within 90 days after the date of the Member’s death.
 
4.  
The second sentence of Section 3.04 of the Plan (“Payment of the Pre-retirement
Death Benefit”) is amended in its entirety to read as follows:

 
Such payment shall be made as soon as practicable within 90 days after the date
of the Member’s death.
 
5.  
The second sentence of Section 3.05 of the Plan (“Section 409A of the Code”) is
amended in its entirety to read as follows:

 
This Plan shall be construed in a manner to give effect to such intention.
 
6. Except as provided herein, the Plan remains in full force and effect.
 

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IN WITNESS WHEREOF, the Company has caused this Amendment to be executed by its
proper officer duly authorized by its Board of Directors.
 

  CTS CORPORATION          
 
By:
/s/ James L. Cummins       James L. Cummins       Senior Vice President
Administration          

 
 

       
 
By:
/s/ Donald K. Schwanz       Donald K. Schwanz          

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