Exhibit 10.9(12)

Execution Copy

AMENDMENT NO. 12

TO THE

UPS QUALIFIED STOCK OWNERSHIP PLAN

AND TRUST AGREEMENT

WHEREAS, United Parcel Service of America, Inc. and certain of its affiliated
companies established the UPS Qualified Stock Ownership Plan and Trust (“Plan”)
effective as of January 1, 1998 to provide their eligible employees with a
matching contribution invested in shares of UPS class A common stock (“UPS
Stock”) and to permit eligible employees to transfer amounts from the UPS
Savings Plan to the Plan for the purpose of investing in UPS Stock;

WHEREAS, the Board of Directors and/or the Executive Committee of United Parcel
Service of America, Inc. (“the Board”) reserved the right in Section 12.1 of the
Plan to amend the Plan from time to time;

WHEREAS, the Board desires to amend the Plan to remove the minimum age and
Period of Service restrictions on Participant Diversification Elections.

NOW THEREFORE, pursuant to the authority vested in the Board of Directors and/or
the Executive Committee of United Parcel Service of America, Inc. by
Section 12.1 of the UPS Qualified Stock Ownership Plan and Trust (“Plan”), Plan
Section 8.10, Participant Diversification Election, is hereby amended to read as
follows:

Section 8.10 Participant Diversification Election

Effective August 15, 2006, each Participant may direct the Trustee as to the
investment of amounts credited to his or her Employer Company Account. A
Participant may request a direct transfer of all or any portion of his or her
Account to the Savings Plan. If so elected, the plan transfer will be processed
as soon as practicable but not later than 90 days after the Participant makes
the election. If there is more than one class of UPS Stock allocated to an
Account, any UPS Stock sold to effect such transfer shall be taken equally from
the shares of each such class allocated to such Account in accordance with
procedures developed by the Committee, which shall reflect appropriate
adjustments for shares of any class sold from such Account in any tender offer.
Prior to August 15, 2006 only Participants who had reached age 45 and completed
a Period of Service of at least 10 years could diversify their Employer Company
Account.

--------------------------------------------------------------------------------

IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of
America, Inc., based upon prior action by its Board of Directors and/or the
Executive Committee has caused this Amendment No. 12 to be adopted.

 

ATTEST:    

UNITED PARCEL SERVICE

OF AMERICA, INC.

/S/    TERI P. MCCLURE     /S/    MICHAEL L. ESKEW

Teri P. McClure

Secretary

   

Michael L. Eskew

Chairman

August 1, 2006

Date

   

August 1, 2006

Date