Document:

Exhibit

          Exhibit 10.42

	
	
	

AMENDMENT TO THE
SPX CORPORATION SUPPLEMENTAL RETIREMENT SAVINGS PLAN

SPX Corporation currently maintains the SPX Corporation Supplemental Retirement Savings Plan (the “Plan”).  Pursuant to the powers of amendment reserved in Section 7.1 of the Plan, effective as of May 7, 2015 SPX Corporation hereby amends the Plan in the following manner:
1.    Section 2.1 of the Plan is amended by replacing the enumerated items (i)-(iii) with the following:

“(i) if the Employee meets such criteria in a Plan Year between January 1 and October 31 of such Plan Year, the Employee shall be eligible to participate in the Plan in the first Plan Year following such Plan Year; and
(ii) if the Employee meets such criteria in a Plan Year between November 1 and December 31 of such Plan Year, the Employee shall be eligible to participate in the Plan in the second Plan Year following such Plan Year.”
2.    Section 3.1 of the Plan is amended to read as follows:

“3.1      Elections to Contribute    (a) With respect to a Plan Year, a Participant may elect to have a percentage of Compensation deferred under this Plan with respect to any Compensation for services performed during the given Plan Year, even if such Compensation is paid during the following Plan Year.  Such deferrals shall occur on a per payroll basis, and shall be credited by the Company to this Plan.  Such an election with respect to any Plan Year must be made no later than December 31st of the preceding Plan Year, during the time period prescribed by the Administrator.  Such elections shall be irrevocable for the applicable Plan Year after the election deadline provided in the preceding sentence.
A Participant may separately elect (i) a basic deferral percentage (in 1% increments, up to 50% of Compensation, which includes, without limitation, bonuses except for the bonus (if any) paid under the Executive Bonus Plan and/or Executive Annual Incentive Plan), and (ii) a supplemental bonus deferral percentage (in 1% increments, up to 100%), applicable only to the bonus (if any) paid under the Executive Bonus Plan and/or Executive Annual Incentive Plan.
Notwithstanding the foregoing, no deferrals and crediting are made under this Plan with respect to a Participant until the Applicable Limitation in the Qualified Savings Plan has been reached for the applicable Plan Year in which such Compensation was paid.  For these purposes, “Applicable Limitation” means the limitation on benefits and compensation imposed on the Qualified Savings Plan by Code Section 401(a)(17).
A newly eligible Participant whose eligibility timing is determined pursuant to the second paragraph of Section 2.1(a) shall make elections to contribute with respect to the applicable Plan Year in the same manner as provided above.

(b) Notwithstanding the foregoing, the applicable deferral percentages permitted under this Section 3.1 shall be reduced to the extent required by Code Section 409A with respect to a newly-eligible Participant (which shall include an Employee deemed to be “initially eligible” as provided under Code Section 409A).
(c) The contribution election procedures described in this Section 3.1 shall apply with respect to Participant Compensation in Plan Years after 2015.  For Plan Years prior to 2016, the contribution election procedures shall be determined according to the applicable provisions and terms then in effect under the Plan (and in accordance with Code Section 409A to the extent applicable).  For avoidance of doubt, no bonuses with respect to services performed in the 2015 Plan Year shall be eligible for deferral under the Plan, even if paid after the 2015 Plan Year.”
3.    Sections 3.2 and 4.2 of the Plan are amended by deleting “(or, if applicable, Base Compensation)”.
4.    Section 3.3 of the Plan is deleted and revised to read as “[Reserved]”.Exhibit

Exhibit 10.43

	
	
	

AMENDMENT TO THE
SPX CORPORATION SUPPLEMENTAL RETIREMENT SAVINGS PLAN

SPX Corporation currently maintains the SPX Corporation Supplemental Retirement Savings Plan (the “Plan”).  Pursuant to the powers of amendment reserved in Section 7.1 of the Plan, effective as of September 25, 2015, SPX Corporation hereby amends the Plan in the following manner:
		
	1.
	Article II of the Plan is amended by adding the following new Section 2.3:

“Section 2.3    FLOW Transferees.  
As part of the Separation and Distribution Agreement by and between SPX Corporation and SPX FLOW, Inc. dated as of September 22, 2015 (and as may be amended from time to time), SPX Corporation and SPX FLOW, Inc. entered into the Employee Matters Agreement (the “EMA”).  In accordance with the EMA, all liabilities for Flowco Employees (as defined in the EMA) who participate in the Plan are to be transferred to the SPX FLOW Supplemental Retirement Savings Plan (the “FLOW SRSP Plan”) as of September 25, 2015 (such Flowco Employees referred to as “Flow Transferees”).  As of such date, Flow Transferees shall cease to be Participants under this Plan and shall become participants in the FLOW SRSP Plan.  
From and after September 25, 2015, neither the Company nor this Plan shall have any liability with respect to the former participation by Flow Transferees in this Plan, and Flow Transferees shall not be entitled to any payment of any benefits under the Plan.  References to the FLOW SRSP Plan in this Plan are descriptive only, and neither the Company nor this Plan guarantees any payments or rights under the FLOW SRSP Plan.  The provisions of this Section 2.3 shall supersede any provision in the Plan to the contrary.”

		
	2.
	Section 8.1 is amended by adding the following paragraph:

“Notwithstanding the foregoing, the Company may, in its sole discretion at any time or from time to time, establish segregated funds, escrow accounts or trust funds (including through a grantor trust) whose primary purpose would be for the provision of benefits under this Plan.  If such funds or accounts are established, however, individuals entitled to benefits hereunder shall not have any identifiable interest in any such funds or accounts nor shall such individuals be entitled to any preference or priority with respect to the assets of such funds or accounts.  These funds and accounts would still be available to judgment creditors of the Company and to all creditors in the event of the Company’s insolvency or bankruptcy.”

		
	3.
	Section 8.9 is amended by adding the following sentence:

“For avoidance of doubt, SPX FLOW, Inc. shall not be deemed a successor of the Company for purposes of the Plan.”

		
	4.
	Section 9.1 is amended by adding the following paragraph:

“Notwithstanding anything to the contrary, and to the extent consistent with Code Section 409A, on or prior to a Change-of-Control, the Company shall, (i) to the extent not previously established, establish a grantor trust, and (ii) fund such grantor trust with a single, irrevocable lump sum contribution which is, when combined with any other assets already held in the grantor trust, equal to the value of all vested Accounts under the Plan through the date of such Change-of-Control.  If a Participant shall continue to be employed by the Company or any successor after such Change-of-Control, each calendar year the Company (or any successor) shall, as soon as possible, but in no event later than 30 days following the end of such calendar year, make an irrevocable contribution to the grantor trust in an amount that is necessary in order to maintain an account for the Participant that is equal to his or her vested Account under the Plan at the end of the applicable calendar year.  After a Change-of-Control, if the assets of the grantor trust are not sufficient to make payment of Plan benefits at any time, the Company (or any successor) shall, as soon as possible, but in no event later than 30 days following notice from the trustee, make an irrevocable contribution sufficient to enable the trustee to make such Plan benefit payments.  The Company (or any successor) shall provide such information as reasonably requested by the trustee in order for the trustee to fulfill its duties (including, without limitation, making Plan benefit determinations after a Change-of-Control) under the grantor trust agreement.  As provided under Section 8.1, the Company shall retain beneficial ownership of all assets transferred to the grantor trust and such assets will be subject to the claims of the Company’s creditors.”

		
	5.
	Section 10.1 is amended by adding “(and subject to Section 2.3)” at the end of the first sentence.Exhibit

Exhibit 10.44

	
	
	

AMENDMENT TO THE
SPX CORPORATION SUPPLEMENTAL RETIREMENT SAVINGS PLAN

SPX Corporation currently maintains the SPX Corporation Supplemental Retirement Savings Plan (the “Plan”).  Pursuant to the powers of amendment reserved in Section 7.1 of the Plan, effective as of December 18, 2017, SPX Corporation hereby amends the Plan in the following manner:
1.    For Plan Years beginning after 2016, Section 2.1 of the Plan is amended by replacing the references to “pay grade level of H or above” with “pay grade level of 0 to 4”.Exhibit

Exhibit 10.47

	
	
	

AMENDMENT TO THE
SPX CORPORATION SUPPLEMENTAL INDIVIDUAL ACCOUNT RETIREMENT PLAN

SPX Corporation currently maintains the SPX Corporation Supplemental Individual Account Retirement Plan (the “Plan”).  Pursuant to the powers of amendment reserved in Section 6.1 of the Plan, effective as of August 19, 2015, SPX Corporation hereby amends the Plan in the following manner:
		
	1.
	Section 1.13 of the Plan is amended by adding the following sentence:

“Notwithstanding the preceding sentence, a Participant’s Grandfathered Benefit for purposes of determinations under Sections 3.1(a)(i) and 3.1(c)(i) shall not include any “Special Pension Enhancement” applicable to such benefit determination under the Qualified Plan provided in conjunction with the August 31, 2015 freezing of the Qualified Plan for non-union participants thereunder.”

		
	2.
	Section 1.14 of the Plan is amended by adding the following sentence:

“Notwithstanding the preceding sentence, a Participant’s GSX Transition Benefit solely for purposes of determinations under Sections 3.1(a)(i) and 3.1(c)(i) shall not include any “Special Pension Enhancement” applicable to such benefit determination under the Qualified Plan provided in conjunction with the August 31, 2015 freezing of the Qualified Plan for non-union participants thereunder.”

		
	3.
	Section 1.22 of the Plan is amended by adding the following sentence:

“Notwithstanding the preceding sentences, a Participant’s Principal Accruals for purposes of determinations under Sections 3.1(a)(i) and 3.1(c)(i) shall not include any “Special Pension Enhancement” applicable to such benefit determination under the Qualified Plan provided in conjunction with the August 31, 2015 freezing of the Qualified Plan for non-union participants thereunder.”

		
	4.
	Section 1.24 of the Plan is amended by adding the following sentence:

“Notwithstanding the preceding sentences, a Participant’s Qualified Plan Retirement Benefit for purposes of determinations under Sections 3.1(a)(i) and 3.1(c)(i) shall not include any “Special Pension Enhancement” applicable to such benefit determination under the Qualified Plan provided in conjunction with the August 31, 2015 freezing of the Qualified Plan for non-union participants thereunder.”

		
	5.
	Sections 3.1(a) and 3.1(c) of the Plan are each amended by adding the following sentence:

“Notwithstanding the foregoing, a Participant’s Qualified Plan Retirement Benefit for purposes of determinations under clause (i) above shall not include any “Special Pension Enhancement” applicable to such benefit determination under the Qualified Plan provided in conjunction with the August 31, 2015 freezing of the Qualified Plan for non-union participants thereunder.”

		
	6.
	Article IX of the Plan is amended by adding the following new Section 9.3:

“9.3.  No Special Pension Enhancements.  Notwithstanding Sections 9.1 and 9.2, a Participant’s Account Balance or Transition Benefit under this Plan, as described above, shall not include any “Special Pension Enhancement” applicable to such benefit determination under the Qualified Plan provided in conjunction with the August 31, 2015 freezing of the Qualified Plan for non-union participants thereunder; provided, however, the foregoing shall not be construed as to limit the determination of any Qualified Plan offset under the Plan.”

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