Exhibit 10.9(16)

Execution Copy

AMENDMENT NO. 16

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, this amendment to the Plan is adopted to provide for an increased
matching contribution for employees hired on or after January 1, 2008.

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”), the
Plan is hereby amended, effective January 1, 2008, as follow:

1. Section 4.1(a)(1)(iii) is hereby amended to read as follows:

(iii) For each Employer Company listed in Appendix 4.1(a)(1)(C),

(A) For each Participant with an Employment Commencement Date prior to
January 1, 2008, 100% of his or her Pre-Tax Contributions that do not exceed 3%
of his or her Eligible Compensation for such Plan Year, and

(B) For each Participant with an Employment Commencement Date, Reemployment
Commencement Date or is transferred from ineligible to Eligible Employee status
on or after January 1, 2008, 100% of his or her Pre-Tax Contributions that do
not exceed 3  1/2% of his or her Eligible Compensation for such Plan Year;

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1. Section 4.1(a)(1)(v) is hereby amended to read as follows:

(iii) For each Employer Company listed in Appendix 4.1(a)(1)(E),

(A) For each Participant with an Employment Commencement Date prior to
January 1, 2008, 50% of his or her Pre-Tax Contributions that do not exceed 7%
of his or her Eligible Compensation for such Plan Year, and

(B) For each Participant with an Employment Commencement Date, Reemployment
Commencement Date or is transferred from ineligible to Eligible Employee status
on or after January 1, 2008, 100% of his or her Pre-Tax Contributions that do
not exceed 3 1/2% of his or her Eligible Compensation for such Plan Year;

2. Appendix 1.24, 4.1(a)(1)(C) and 4.1(a)(1)(E) are hereby amended to read as
attached.

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. 16 to be adopted.

 

ATTEST:    

UNITED PARCEL SERVICE

OF AMERICA, INC.

/s/    TERI P. MCCLURE     /s/    MICHAEL L. ESKEW Teri P. McClure     Michael
L. Eskew Secretary     Chairman December 17, 2007     December 17, 2007

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UPS QUALIFIED STOCK OWNERSHIP PLAN

Appendix 1.24

Employer Companies

 

Business Unit/Group

  

QSOP Adoption Date

UPS

  

United Parcel Service of America, Inc.

   January 1, 1998

United Parcel Service Co.

   January 1, 1998

UPS General Services Co.

   January 1, 1998

UPS Aviation Services, Inc.

   January 1, 1998

UPS International General Services Co.

   January 1, 1998

UPS Procurement Services Corporation

   January 1, 1998

UPS Worldwide Forwarding, Inc.

   January 1, 1998

United Parcel Service, Inc. (New York)

   January 1, 1998

United Parcel Service, Inc. (Ohio)

   January 1, 1998

Trailer Conditioners, Inc.

   January 1, 1998

UPS Latin America, Inc.

   January 1, 1998

BT Realty Holdings, Inc.

   May 18, 1999

BT Realty Holdings II, Inc.

   May 18, 1999

UPS Capital Corporation

  

UPS Capital Corporation, Inc.

   May 28, 1998

UPS Capital Insurance Agency, Inc. (Formerly Glenlake Insurance Agency, Inc.)

   July 29, 1998

UPS Capital Insurance Agency, Inc. of California (Formerly Glenlake Insurance
Agency, Inc. of California)

   August 10, 1999

UPS Capital Business Credit (Formerly First International Bank)

   September 1, 2001

UPS Capital Business Credit of New Jersey, Inc. (Formerly First International
Capital Corporation of New Jersey)

   September 1, 2001

UPS Logistics Group

  

UPS Logistics Group, Inc.

   January 1, 1998 UPS Supply Chain Solutions, Inc. (includes Diversified
Trimodal, Inc. d/b/a Martrac, UPS Supply Chain Management Nevada, Inc., UPS
Supply Chain Management Tristate, Inc., UPS Supply Chain Solutions, Inc. UPS
Logistics Group Americas, Inc. which were all merged through a series of mergers
12/31/02)    January 1, 1998 (July 1, 2001 for UPS Supply Chain Management
Tristate, Inc. , UPS Logistics Group Americas, Inc. and UPS Supply Chain
Management Nevada, Inc.)

UPS Logistics Technologies, Inc.

   January 1, 1998

Worldwide Dedicated Services, Inc.

   January 1, 1998 UPS Global Forwarding Services, Inc. (including Livingston
Healthcare Services, Inc. merged 12/31/01)    July 1, 2001

UPS Service Parts Logistics, Inc. (Dissolved 12/31/04)

   July 1, 2001

UPSLG Puerto Rico, Inc. (Dissolved 12/31/04)

   July 1, 2001

UPS Aviation Technologies, Inc.

   January 1, 1998

UPS Customhouse Brokerage, Inc.

   January 1, 1998

UPS Full Service Brokerage, Inc.

   June 6, 2000

UPS Telecommunications, Inc. (UPS Teleservices)

   July 1, 2001

UPS Mail Innovations, Inc. (Formerly UPS Messaging Inc.)

UPS Mail Technologies, Inc. (Mail2000, Inc. Sold to DST Output of California,
Inc. 5/29/03)

   February 1, 2001

UPS Mail Boxes Etc., Inc.

   April 30, 2001

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UPS Consulting, Inc. (Dissolved 8/20/07)    February 8, 2001 Fritz Companies   
Fritz Companies, Inc. (including UPS Full Service Brokerage, Inc. merged 7/1/02)
   July 1, 2001 New Neon Company, Inc.    November 1, 2001 iShip, Inc.   
December 1, 2001 UPS Supply Chain Solutions, Inc.    January 1, 2002 Overnite
Corporation    January 1, 2006 UPS Ground Freight d/b/a UPS Freight (Formerly
Overnite Transportation Company)    January 1, 2006 Motor Cargo Industries, Inc.
(includes Motor Cargo which was merged 5/1/06)    January 1, 2006 Overnite
Transportation Company (includes Motor Cargo Distribution Services, Inc. which
was merged 5/1/06)    January 1, 2006

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UPS QUALIFIED STOCK OWNERSHIP PLAN

APPENDIX 4.1(a)(1)(C)

(Effective July 1, 2001 and revised January 1, 2008)

Eligible Employees with an Employment Commencement Date or Reemployment
Commencement Date prior to January 1, 2008 will have a SavingsPLUS Contribution
Level equal to 100% of Pre-Tax Contributions that do not exceed 3% of Eligible
Compensation

Eligible Employees with an Employment Commencement Date, Reemployment
Commencement Date or who are transferred from ineligible to Eligible Employee
status on or after January 1, 2008 will have a SavingsPLUS Contribution Level
equal to 100% of Pre-Tax Contributions that do not exceed 3 1/2 % of Eligible
Compensation

UPS

United Parcel Service of America, Inc.

United Parcel Service Co.

UPS General Services Co.

UPS Aviation Services, Inc.

UPS International General Services Co.

UPS Procurement Services Corporation

UPS Worldwide Forwarding, Inc.

United Parcel Service, Inc. (New York)

United Parcel Service, Inc. (Ohio)

Trailer Conditioners, Inc.

UPS Latin America, Inc.

BT Realty Holdings, Inc.

BT Realty Holdings II, Inc.

UPS Capital Corporation

UPS Capital Corporation, Inc.

UPS Capital Insurance Agency, Inc. (Formerly Glenlake Insurance Agency, Inc.)

UPS Capital Insurance Agency, Inc. of California (Formerly Glenlake Insurance
Agency, Inc. of California)

[Effective September 1, 2001]

UPS Capital Business Credit (Formerly First International Bank)

[Effective September 1, 2001]

UPS Capital Business Credit of New Jersey, Inc. (Formerly First International
Capital Corporation of New Jersey)

UPS Logistics Group

UPS Logistics Group, Inc.

UPS Supply Chain Solutions, Inc. (includes Diversified Trimodal, Inc. d/b/a

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Martrac, UPS Supply Chain Management Nevada, Inc., UPS Supply Chain Management
Tristate, Inc., UPS Supply Chain Management, Inc. UPS Logistics Group Americas,
Inc. which were all merged through a series of mergers 12/31/02)

UPS Logistics Technologies, Inc.

Worldwide Dedicated Services, Inc.

UPS Global Forwarding Services, Inc. (including Livingston Healthcare Services,
Inc. merged 12/31/01)

UPS Service Parts Logistics, Inc.

UPSLG Puerto Rico, Inc.

UPS Aviation Technologies, Inc.

UPS Customhouse Brokerage, Inc.

UPS Full Service Brokerage, Inc.

UPS Telecommunications, Inc.

(UPS Teleservices)

UPS Mail Innovations, Inc. (Formerly UPS Messaging Inc.)

UPS Mail Technologies, Inc. (Formerly Mail2000, Inc., Sold to DST Output of
California, Inc. 5/29/03)

UPS Mail Boxes Etc., Inc.

UPS Consulting, Inc. (Dissolved 8/20/07)

[Effective December 1, 2001]

iShip, Inc.

[Effective January 1, 2004]

ConnectShip, Inc.

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UPS QUALIFIED STOCK OWNERSHIP PLAN

APPENDIX 4.1(a)(1)(E)

(Effective January 1, 2006 and revised January 1, 2008)

Eligible Employees with an Employment Commencement Date or Reemployment
Commencement Date prior to January 1, 2008 will have a SavingsPLUS Contribution
Level equal to 50% of Pre-Tax Contributions that do not exceed 7% of Eligible
Compensation

Eligible Employees with an Employment Commencement Date, Reemployment
Commencement Date or who are transferred from ineligible to Eligible Employee
status on or after January 1, 2008 will have a SavingsPLUS Contribution Level
equal to 100% of Pre-Tax Contributions that do not exceed 3 1/2 % of Eligible
Compensation

Overnite Corporation

UPS Ground Freight, Inc. (including Overnite Transportation Company and Motor
Cargo Distribution Services, Inc. which were merged 5/1/06)

Motor Cargo Industries, Inc. (including Motor Cargo which was merged 5/1/06)