Exhibit 10.1(bf)


 


FIRST AMENDMENT


SAUER-SUNDSTRAND
LASALLE FACTORY


EMPLOYEE
SAVINGS PLAN


(As
Amended and Restated as of January 1, 1998)


 


WHEREAS, the Company maintains the
Sauer-Sundstrand LaSalle Factory Employee Savings Plan (As Amended and Restated
as of January 1, 1998) (the “Plan”); and


 


WHEREAS, further amendment of the Plan is now
deemed desirable;


 


NOW
THEREFORE, IT IS RESOLVED, that pursuant to the amending power reserved to this Company by
Section 14.1 of the Plan, the Plan be, and it hereby is, further amended,
effective as of September 1, 1998, in the following particulars:


 


1.             By substituting the following for Section 1.17 of the
Plan:


 


“1.17       An ‘Enrollment Date’ shall mean
the first day that an Employee becomes an Eligible Employee if the Eligible
Employee elects, pursuant to Section 3.2, to participate in Participant
Contributions on that day.”


 


2.             By substituting the following for Section 1.18 of the
Plan:


 


“1.18       A ‘Fund’ shall mean any of the
funds in which Plan assets may be invested, or described in Section 8.2.  Such Funds shall include:


 


(a)                                  IRT Stable Value Fund


(b)                                 INVESCO Select Income Fund


(c)                                  INVESCO Total Return Fund


(d)                                 Fidelity Equity Income Fund


(e)                                  IRT 500 Index Fund


(f)                                    AIM Blue Chip Fund


(g)                                 INVESCO Small Company Value Fund


(h)                                 IRT International Equity Fund


(i)            The Transamerica Life Insurance
Fund.”


 


3.             By substituting the following for Section 1.38 of the
Plan:


 


“1.38       The ‘Trustee’ shall mean the
Institutional Trust Company, or the institution, person or persons so
designated by the Company and any successor trustee, and any co-trustee which
at the time shall be designated, qualified and acting under the Trust
Agreement.”


 


4.             By substituting the following for the first sentence of
Section 3.2:


 


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“Any Eligible
Employee may become a Participant in Participant Contributions under Section
5.2 as of the date such Eligible Employee is hired.”


 


5.             By substituting the following for paragraph (ii) of
subsection 5.2(b):


 


“(ii)         For any Participant who is a Non-highly
Compensated Employee, twenty-one percent (21%) of such Participant’s
Compensation for such payroll period.”


 


6.             By substituting the following for the first sentence of
Section 5.6:


 


“A Participant may
change the percentage of his Compensation which is to be contributed to the
Plan as a Participant Contribution once per pay period by filing an amended
payroll deduction authorization with the Company; provided, that any such
change shall be effective as of the first day of the payroll period following
the end of the payroll period in which such deduction authorization is received
by the Company.”


 


7.             By substituting the following for the third sentence of
Section 5.7 of the Plan:


 


“A Participant who
has suspended all of his Participant Contributions in accordance with the
foregoing provisions of this Section 5.7 may resume such Contributions only by
filing a new payroll deduction authorization with the Company not later than
the date as of which Participant Contributions are to be resumed.”


 


8.             By substituting the following for Section 7.1 of the
Plan:


 


“7.1         Deposit of Employer and Matching
Contributions.  Upon receipt of
Employer or Matching Contributions, the Trustee shall deposit within 14
business days such Contributions in accordance with the investment election of
each Participant with respect to such Participant’s Participant
Contributions.  If no such election is
received by the Trustee, such Contributions shall be invested in the INVESCO
Total Return Fund.”


 


9.              By substituting the following for the first sentence of
the last paragraph of Section 7.4 of the Plan:


 


“A Participant may change
his investment elections daily.”


 


10.           By substituting the following for
Section 8.2 of the Plan:


 


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“8.2         Establishment of Funds.  The Trustee, at the direction of the Plan
Administrator, shall establish the following no-load investment Funds under the
Trust Agreement:


(a)           IRT Stable Value Fund;


(b)           INVESCO Select Income Fund;


(c)           INVESCO Total Return Fund;


(d)           Fidelity Equity Income Fund;


(e)            IRT 500 Index Fund;


(f)            AIM Blue Chip Fund;


(g)           INVESCO Small Company Value Fund; and


(h)           IRAT International Equity Fund


(i)            The Transamerica Life Insurance
Fund.”


 


 


Dated this 3rd
day of December, 1999.


 


 


	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  /s/ RONALD C. HANSON

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
  Ronald C. Hanson

  



 


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