Document:

Exhibit 10.16(b)

 

FIRST AMENDMENT TO THE

MINERALS TECHNOLOGIES INC. SUPPLEMENTAL SAVINGS PLAN

(AS AMENDED AND RESTATED EFFECTIVE DECEMBER 31, 2008)

WHEREAS, pursuant to Section 15 of the Minerals Technologies Inc. Supplemental Savings Plan (As Amended and Restated Effective December 31, 2008) (the “Plan”), Minerals Technologies Inc. (the “Company”) reserves the right to amend the Plan by action of its Board of Directors or its delegate and now wises to do so by the following amendment.

NOW, THEREFORE, the Section 15 of the Plan is hereby amended as follows effective as of the date hereof:

“The Company, by resolution of the Board or its delegate, shall have the right to amend the Plan at any time, and the Company’s General Counsel or his delegate shall have the right to amend the Plan for provisions that (i) are required by the Code or other applicable law, (ii) do not materially increase costs of the Plan to the Company or materially change Participants’ benefits under the Plan, or (iii) clarify ambiguous or unclear Plan provisions; provided, however, that no such action shall, without the Participant’s consent, impair a Participant’s right with respect to any existing account under the Plan.  Any amendment shall be in writing and executed by a duly authorized officer of the Company”

IN WITNESS WHEREOF, the Company, by its duly authorized officers, has caused this First Amendment to be executed, on this 22nd day of December, 2014.

		MINERALS TECHNOLOGIES INC.
		 	 
		BY: 	
/s/ Thomas Meek

		 	
Thomas J. Meek

		 	
Vice President and General CounselExhibit 10.16(c)

 

SECOND AMENDMENT TO THE

MINERALS TECHNOLOGIES INC. SUPPLEMENTAL SAVINGS PLAN

(AS AMENDED AND RESTATED EFFECTIVE DECEMBER 31, 2008)

WHEREAS, pursuant to Section 15 of the Minerals Technologies Inc. Supplemental Savings Plan (As Amended and Restated Effective December 31, 2008) (the “Plan”), Minerals Technologies Inc. (the “Company”) reserves the right to amend the Plan by action of its Board of Directors or its delegate and now wises to do so by the following amendment.

NOW, THEREFORE, the Plan is amended as follows, effective as of the date hereof:

 

	
1.

	
Section4 shall be amended by adding the following paragraph at the end thereof:

 

“If a Participant is entitled to the 3% Special Employer Contribution under the 401(k) Plan with respect to 2015 or any future year, and such contribution is limited by the Code Section 401(a)(17) limit for the year, the Company shall credit a hypothetical special employer contribution under this Plan equal to the Special Employer Contribution that could not be made to the 401(k) Plan due to the Code Section 401(a)(17) limit.”

	
2.

	
Section 15 shall be amended to read as follows:

“The Company, by resolution of the Board or its delegate, shall have the right to amend the Plan at any time, and the Company’s General Counsel or his delegate shall have the right to amend the Plan for provisions that (i) are required by the Code or other applicable law, (ii) do not materially increase costs of the Plan to the Company or materially change Participants’ benefits under the Plan, or (iii) clarify ambiguous or unclear Plan provisions; provided, however, that no such action shall, without the Participant’s consent, impair a Participant’s right with respect to any existing account under the Plan.  Any amendment shall be in writing and executed by a duly authorized officer of the Company”

IN WITNESS WHEREOF, the Company, by its duly authorized officers, has caused this First Amendment to be executed, on this 22nd day of December, 2014.

	 	
MINERALS TECHNOLOGIES INC.

	 		 
	 	BY:	
/s/ Thomas Meek

	 		
Thomas J. Meek

	 		
Vice President and General CounselExhibit 10.17(b)

 

FIRST AMENDMENT TO THE

MINERALS TECHNOLOGIES INC. HEALTH AND WELFARE

WRAP BENEFIT PLAN

WHEREAS, the Minerals Technologies Inc. Health and Welfare Wrap Benefit Plan (the “Plan”), authorizes Minerals Technologies Inc. (the “Company”) to amend the Plan by action of its Board of Directors or its delegate, and the Company now wishes to do so by the following amendment.

NOW, THEREFORE, the Plan is hereby amended as follows effective January 1, 2015:

Appendix D shall be amended by adding the following to the list of Participating Employers:

AMCOL International Corporation

Nanocor LLC

Ameri-Co Carriers, Inc.

Ameri-Co Logistics, Inc.

AMCOL Health & Beauty Solutions, Incorporated

American Colloid Company

Colloid Environmental Technologies Company LLC

Cetco Energy Services Company LLC

Volclay International LLC

IN WITNESS WHEREOF, the Company, by its duly authorized officers, has caused this First Amendment to be executed, on this 22nd day of December, 2014.

		MINERALS TECHNOLOGIES INC.
		 	 
		BY:	
/s/ Thomas Meek

		 	
Thomas J. Meek

		 	
Vice President and General CounselExhibit 10.18(a)

 

FIRST AMENDMENT TO THE

MINERALS TECHNOLOGIES INC. RETIREE MEDICAL PLAN

WHEREAS, the Minerals Technologies Inc. Retiree Medical Plan (the “Plan”), authorizes Minerals Technologies Inc. (the “Company”) to amend the Plan by action of its Board of Directors or its delegate, and the Company now wishes to do so by the following amendment.

NOW, THEREFORE, the Plan is hereby amended as follows effective January 1, 2015:

	
1.

	
The definition of “Participant” in section 1.17 shall be amended to read as follows:

“Participant.  A Retiree who meets the requirements of Section 2.1 or a Dependent, and Lawrence Washow, Joseph Muscari, or a their respective spouses.

	
2.

	
Section 2.1 shall be amended to read as follows by adding the following sentence to the end thereof:

“Notwithstanding the foregoing, Lawrence Washow and Joseph Muscari shall be entitled to participate in the Plan in accordance with the terms and conditions of their respective arrangements with the Company without satisfying other conditions specified in this Section 2.1.  The Welfare Committee shall implement the specifics of Mr. Washow’s and Mr. Muscari’s participation in the Plan in accordance with the terms approved by the Board and with their respective arrangements with the Company.”

	
3.

	
Appendix A shall be amended by adding the following to the list of Participating Employers:

AMCOL International Corporation

Nanocor LLC

Ameri-Co Carriers, Inc.

Ameri-Co Logistics, Inc.

AMCOL Health & Beauty Solutions, Incorporated

American Colloid Company

Colloid Environmental Technologies Company LLC

Cetco Energy Services Company LLC

Volclay International LLC

IN WITNESS WHEREOF, the Company, by its duly authorized officers, has caused this First Amendment to be executed, on this 22nd day of DEcember, 2014.

		MINERALS TECHNOLOGIES INC.
		 	 
		BY:	
/s/ Thomas Meek

		 	
Thomas J. Meek

		 	
Vice President and General CounselExhibit 10.20(a)

 

AMENDMENT TO THE

AMCOL INTERNATIONAL CORPORATION

NONQUALIFIED DEFERRED COMPENSATION PLAN

(as amended and restated effective as of January 1, 2008)

WHEREAS, pursuant to Section 12.2 of the AMCOL International Corporation Nonqualified Deferred Compensation Plan, as amended and restated effective as of January 1, 2008 (the “Plan”), AMCOL International Corporation (the “Company”) reserves the right to amend the Plan; and

WHEREAS, the Company, on behalf of itself and all other adopting employers of the Plan, desires to amend the Plan.

NOW, THEREFORE, the Plan is hereby amended as follows, effective January 1, 2015:

	
1.

	
The first paragraph of the introduction to the Plan titled “Purpose” shall be amended by adding the following sentence to the end thereof:

“Effective January 1, 2015, the Plan shall be a frozen plan, and no amounts shall be deferred under the Plan, including Base Salary, Bonus, or Director Fees, on or after January 1, 2015.”

	
2.

	
Section 3.1(a) of the Plan shall be amended by adding the following sentence to the end thereof:

“Effective January 1, 2015, no amounts shall be deferred under the Plan, including Base Salary, Bonus, or Director Fees, on or after January 1, 2015.”

IN WITNESS WHEREOF, the Company, on behalf of itself and all other adopting employers of the Plan, has authorized the undersigned to execute this amendment, and this amendment is executed on this 22nd day of December, 2014.

	 	
AMCOL INTERNATIONAL CORPORATION

	 		 
	  	By:	
/s/ Thomas Meek

	 		
Thomas J. Meek

	 		 
	 	By:	
/s/ Douglas Dietrich

	 		
Douglas T. Dietrich

	 		 
	 	By:	
/s/ Jonathan Hastings

	 		
Jonathan J. HastingsExhibit 10.21(a)

 

AMENDMENT TO THE AMENDED AND RESTATED

SUPPLEMENTARY PENSION PLAN FOR EMPLOYEES

OF AMCOL INTERNATIONAL CORPORATION

WHEREAS, pursuant to Section 5 of the Amended and Restated Supplementary Pension Plan for Employees of AMCOL International Corporation (the “Plan”), AMCOL International Corporation (the “Company”) reserves the right to amend the Plan;

WHEREAS, the Company, on behalf of itself and all other adopting employers of the Plan, desires to amend the Plan; and

WHEREAS, the undersigned have authority to amend the Plan on behalf of the Company.

NOW, THEREFORE, the Plan is hereby amended as follows, effective January 1, 2015:

Section 2 shall be amended by (i) deleting sections 2.1 and 2.2, (ii) adding the following new section 2.1, and (iii) renumbering section 2.3 as section 2.2:

2.1            Eligibility for Section 401(a)(17) and Section 415 Supplementary Benefit.  The administrative committee of the Minterals Technologies Inc. Supplemental Retirement Plan shall determine which management employees and highly compensated employees of the Company and subsidiaries of the Company participating in this Supplementary Plan shall be eligible to participate in the Supplementary Plan from time to time; provided that such individuals also be participants in the Plan whose benefits under the Plan are limited by reason of Sections 415 and/or 401(a)(17) of the Code.

IN WITNESS WHEREOF, the Company, on behalf of itself and all other adopting employers of the Plan, has authorized the undersigned to execute this amendment, and this amendment is executed on this 22nd day of December, 2014.

		
AMCOL INTERNATIONAL CORPORATION

		 	 
		By:	
/s/ Thomas Meek

		 	
Thomas J. Meek

		 	 
		By:	
/s/ Douglas Dietrich

		 	
Douglas T. Dietrich

		 	 
		By:	
/s/ Jonathan Hastings

		 	
Jonathan J. Hastings

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