ex10-14b.htm


    Exhibit
10.14(b)

    


    SECOND
AMENDMENT TO THE

    MINERALS
TECHNOLOGIES INC. SAVINGS AND INVESTMENT PLAN

    (as
amended and restated effective as of September 14, 2007, with certain other
effective dates)

    


    WHEREAS, pursuant to Section
12.1 of the Minerals Technologies Inc. Savings and Investment Plan, as amended
and restated effective as of September 14, 2007, with certain other effective
dates (the “Plan”), the Plan Committee may make administrative changes to the
Plan so as to conform with statute or regulations; and

    


    WHEREAS, the Committee desires
to amend the Plan to comply with the Pension Protection Act of
2006.

    


    NOW, THEREFORE, the Plan is
hereby amended as follows, effective January 1, 2008, except as otherwise
specified:

    


    1.           Effective
January 1, 2007, the last sentence of Section 7.7(b)(i) shall be amended to read
as follows:

    


    “However, such
portion may be transferred only to an individual retirement account or annuity
described in Section 408(a) or (b) of the Code (or described in Section 408A of
the Code for ‘designated Roth contributions’ (within the meaning of Section 402A
of the Code)), or to a qualified trust or to an annuity contract described in
Section 403(b) of the Code that provides for separate accounting for amounts so
transferred, including separately accounting for the portion of such
distribution which is includible in gross income and the portion of such
distribution which is not so includible and, if applicable, as required under
Section 402A of the Code.”

    


    2.           Effective
January 1, 2007, Section 7.7(b)(ii) shall be amended to read as
follows:

    


    
      	
               
      

            	
              “(ii)

            	
              Eligible
      Retirement Plan.  In the case of a distribution to an
      Employee, former Employee, surviving spouse, or a spouse or former spouse
      who is the alternate payee under a qualified domestic relation order, as
      defined in Section 414(p) of the Code, an eligible retirement plan is an
      individual retirement account described in Section 408(a) of the Code, an
      individual retirement annuity described in Section 408(b) of the Code, an
      annuity plan described in Section 403(a) of the Code, a qualified trust
      described in Section 401(a) of the Code, an annuity contract described in
      Section 403(b) of the Code and an eligible plan under Section 457(b) of
      the Code which is maintained by a state, political subdivision of a state,
      or any agency or instrumentality of a state or political subdivision of a
      state and which agrees to separately account for amounts transferred into
      such plan from this Plan, that accepts the distributee’s eligible rollover
      distribution.  In the case of an eligible rollover distribution
      to a non-spouse Beneficiary, an eligible retirement plan is an individual
      retirement account or an individual retirement annuity, as such terms are
      defined in the preceding
sentence.

            


    


    
      
         


      

      
         


        
          

        

      

      
         


      

    


    If any
portion of an eligible rollover distribution is attributable to payments or
distributions from a designated Roth account, an eligible retirement plan with
respect to such portion shall include only another designated Roth account of
the individual from whose account the payments or distributions were made, or a
Roth IRA of such individual.”

    


    3.           The
fourth paragraph of Section 10.1 shall be amended to read as
follows:

    


    “Excess Elective Deferrals shall be
adjusted for any income or loss up to the end of the Plan Year in which the
Elective Deferrals were made.”

    


    4.         Section
10.2(b)(3) shall be amended to read as follows:

    


    “(3)           Determination of
Income.  Excess contributions shall be adjusted for any income
or loss up to the end of the Plan Year in which the excess contributions were
made.”

    


    5.           Section
10.3(b)(3) shall be amended to read as follows;

    


    “(3)           Determination of
Income.  Excess aggregate contributions shall be adjusted for
an income or loss up to the end of the Plan Year in which the excess aggregate
contributions were made.”

    


    IN WITNESS WHEREOF, the
Committee has executed this Second Amendment on this 18th
day of December, 2009.

    


    


    COMMITTEE OF THE MINERALS

    TECHNOLOGIES INC. SAVINGS

    AND INVESTMENT PLAN

    


    


    


    


    BY: /s/ Thomas J. Meek

    Thomas J. Meek

    


    


    


    BY: /s/ Patricia M. Casey

    Patricia M. Casey

    


    


    


    BY:
/s/ John A. Sorel

    John A. Sorel