EXHIBIT 10.2
 
FIRST AMENDMENT
TO THE
ALLIANCE LAUNDRY HOLDINGS LLC NONQUALIFIED DEFERRED
COMPENSATION PLAN
 
WHEREAS, Alliance Laundry Holdings LLC (the “Company”) adopted the Alliance
Laundry Holdings LLC Nonqualified Deferred Compensation Plan (the “Plan”) on
February 27, 2002; and
 
WHEREAS, the Company desires to amend the Plan;
 
NOW, THEREFORE, the Company amends the Plan, effective as of the date set forth
herein:
 

 
1.
 
The introduction paragraph of the Plan, prior to Section I, shall be replaced in
its entirety with the following:

 
“Alliance Laundry Holdings LLC hereby establishes, effective as of October 1,
2002, the Alliance Laundry Holdings LLC Nonqualified Deferred Compensation Plan
on the terms and conditions hereinafter set forth. Such Plan provides certain
eligible employees and members with the opportunity to defer portions of their
base salary, bonus payments and other payments in accordance with the provisions
of the Plan.”
 

 
2.
 
Section 2.2 (iii) of the Plan, shall be replaced in its entirety with the
following:

 
“First Plan Year. Unless otherwise provided by the Committee, an Eligible
Employee or Eligible Member who desires to defer all or part of his Base Salary
for services rendered on and after October 1, 2002 through December 31, 2002
(i.e., the first Plan Year) or all or part of his Bonus that is earned during
2002 must complete and deliver an Election Agreement to the Committee during the
period beginning on September 1, 2002 and ending September 30, 2002.”
 
IN WITNESS WHEREOF, the Company has executed this instrument this 21st day of
June, 2002.
 
ALLIANCE LAUNDRY HOLDINGS LLC
By:
 
/s/ Bruce P Rounds

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

Title:
 
Vice President—CFO

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