EXHIBIT
10.55


 


EXHIBIT 1 to AMENDMENT NO. 1
TO SALARY CONTINUATION AGREEMENT


 


THOMAS LEON SOMMER


 


	
  Birth
  Date: 2/23/1948

  	
   

  	
  Early Retirement

  	
   

  	
  Early Involuntary

  	
   

  	
  Disability

  	
   

  	
  Change of Control

  
	
  Plan
  Anniversary Date: 1/1/2006

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Normal
  Retirement: 12/31/2012 Age 64

  	
   

  	
  Monthly Installment

  	
   

  	
  Termination

  	
   

  	
  Monthly Installments

  	
   

  	
  Lump Sum Payable

  
	
  Normal
  Retirement Payment: Monthly for 15 years

  	
   

  	
  Payable at Termination

  	
   

  	
  Lump Sum Payable at

  	
   

  	
  Payable at Termination

  	
   

  	
  at

  
	
   

  	
   

  	
  for 15 Years

  	
   

  	
  Normal Retirement Date

  	
   

  	
  for 15 Years

  	
   

  	
  Termination

  



 


	
  Period

  Ending

  	
   

  	
  Discount

  Rate

  	
   

  	
  Benefit

  Level (2)

  	
   

  	
  Accrual

  Balance

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  	
  Vesting

  	
   

  	
  Based on

  Accrual

  	
   

  
	
   

  	
   

  	
  (1)

  	
   

  	
  (2)

  	
   

  	
  (3)

  	
   

  	
  (4)

  	
   

  	
  (5)

  	
   

  	
  (6)

  	
   

  	
  (7)

  	
   

  	
  (8)

  	
   

  	
  (9)

  	
   

  	
  (10)

  	
   

  	
  (11)

  	
   

  
	
  Dec 2005 (1)

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  8,958

  	
   

  	
  20

  	
  %

  	
  184

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  922

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2006

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  19,332

  	
   

  	
  40

  	
  %

  	
  796

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  1,989

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2007

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  30,373

  	
   

  	
  60

  	
  %

  	
  1,875

  	
   

  	
  0

  	
  %

  	
  —

  	
   

  	
  100

  	
  %

  	
  3,125

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2008

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  42,124

  	
   

  	
  70

  	
  %

  	
  3,034

  	
   

  	
  20

  	
  %

  	
  10,811

  	
   

  	
  100

  	
  %

  	
  4,334

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2009

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  54,631

  	
   

  	
  80

  	
  %

  	
  4,497

  	
   

  	
  40

  	
  %

  	
  26,346

  	
   

  	
  100

  	
  %

  	
  5,621

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dec 2010

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  67,943

  	
   

  	
  90

  	
  %

  	
  6,292

  	
   

  	
  60

  	
  %

  	
  46,179

  	
   

  	
  100

  	
  %

  	
  6,991

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2011

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  82,111

  	
   

  	
  100

  	
  %

  	
  8,448

  	
   

  	
  70

  	
  %

  	
  61,175

  	
   

  	
  100

  	
  %

  	
  8,448

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  
	
  Dec 2012

  	
   

  	
  6.25

  	
  %

  	
  10,000

  	
   

  	
  97,190

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  	
  100

  	
  %

  	
  10,000

  	
   

  	
  100

  	
  %

  	
  97,190

  	
   

  



 


December 31, 2012
Retirement; January 31, 2013 First Payment Date


 










(1) The first line reflects 11 months of data, February 2005 to
December 2005.


(2) The benefit amount includes a 3.00% nonguaranteed inflator during
the payout period.


*                 The
purpose of this hypothetical illustration is to show the participant’s annual
benefit based on various termination assumptions.  Actual benefits are based on the terms and
provisions of the plan agreement executed between the company and participant
and may differ from those shown.