Document:

aph_Ex10_12

		
			Exhibit 10.12
		

		
			 
		

		
			FIFTH AMENDMENT (2018-1) TO THE
		

		
			PENSION PLAN FOR EMPLOYEES OF AMPHENOL CORPORATION
		

		
			AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2016
		

		
			 
		

		
			Pursuant to Section 12.1 of the Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2016 (the "Plan"), the Plan is hereby amended as follows, effective December 31, 2018, to i) cease all accrual of benefits as of December 31, 2018 for any Grandfathered Participant who is as of such date a Highly Compensated Employee, or for any other Grandfathered Participant upon such date thereafter when such Grandfathered Participant becomes a Highly Compensated Employee. In order to accomplish this result, the following amendments are made to the Plan:
		

		
			1.         Section 4.1(b)(i) shall be amended to add a new last sentence to read as follows:
		

		
			Notwithstanding the foregoing, effective December 31, 2018 a Grandfathered Participant who is or thereafter becomes a Highly Compensated Employee shall cease to be treated as a Grandfathered Participant for purposes of accrual of benefits as of the December 31 (2018 or thereafter) prior to the first day of the Plan Year in which such Participant is a Highly Compensated Employee (the “Special Freeze Date”), and shall not thereafter be treated as a Grandfathered Participant for purposes of accrual of benefits.
		

		
			 
		

		
			2.        Section 4.1(c) shall be amended by deleting the last sentence thereof (“The foregoing freeze shall not apply to Grandfathered Participants.”), and adding the following in its place:
		

		
			 
		

		
			The foregoing freeze shall not apply to Grandfathered Participants except that if a Grandfathered Participant ceases to be treated as a Grandfathered Participant for benefit accrual purposes, as set forth in Section 4.1(b)(i), then upon the Special Freeze Date as defined in Section 4.1(b)(i) the following rules (to the extent applicable) shall apply in determining such Participant’s Accrued Benefit:
		

		
			(iv)           Compensation.  No Compensation paid after the Special Freeze Date shall count under the Plan when determining such Grandfathered Participant’s Average Monthly Compensation.
		

		
			(v)            Years of Accrual Service.  No period of employment with the Employer or a Participating Employer after the Special Freeze Date shall count
		

		
			
		

		
			

		 

 

		

		
			 
		

		
			under the Plan when determining such Grandfathered Participant’s Years of Accrual Service.
		

		
			(vi)           Primary Social Security Retirement Benefit.  The Primary Social Security Retirement Benefit of such Grandfathered Participant shall be determined as of Special Freeze Date.
		

		
			3.         Exhibit A: Salaried Employees’ Pension Plan of the Amphenol Corporation, is amended by adding the following Note to the end of the cover pages thereof:
		

		
			(3)         Freeze for Grandfathered Participants who are Highly Compensated Employees.  The Plan document has been amended, effective December 31, 2018, to provide that a Grandfathered Participant will cease accruals upon becoming a Highly Compensated Employee.  The amendments apply to this Exhibit.  See Sections 4.1(b) and (c) of the Plan document to determine the effect of this amendment on the terms of the Exhibit.
		

		
			4.         Exhibit C: LPL Technologies Inc. Retirement Plan is amended by adding the following Note to the end of the cover pages thereof:
		

		
			(3)         Freeze for Grandfathered Participants who are Highly Compensated Employees.  The Plan document has been amended, effective December 31, 2018, to provide that a Grandfathered Participant will cease accruals upon becoming a Highly Compensated Employee.  The amendments apply to this Exhibit.  See Sections 4.1(b) and (c) of the Plan document to determine the effect of this amendment on the terms of the Exhibit.
		

		
			5.         The first page of Exhibit G: Pension Plan for Salaried Employees of the Sidney Division, Amphenol Corporation, is amended by adding the following Note to the end thereof:
		

		
			(3)         Freeze for Grandfathered Participants who are Highly Compensated Employees.  The Plan document has been amended, effective December 31, 2018, to provide that a Grandfathered Participant will cease accruals upon becoming a Highly Compensated Employee.  The amendments apply to this Exhibit.  See Sections 4.1(b) and (c) of the Plan document to determine the effect of this amendment on the terms of the Exhibit.
		

		
			
		

		
			

		 

 

		

		
			 
		

		
			6.         Exhibit B (Hourly Employees’ Pension Plan) is amended by modifying the numbering of existing subsection (ix) of Section 4.1(a)(10) to be existing subsection (x) thereof, and inserting the following new subsection (ix) of Section 4.1(a)(10) to read as follows:
		

		
			(x)           RF Danbury Employees with Severance from Service Date on or after January 1, 2019
		

		
			Notwithstanding the preamble to this Section 4.1(a) for the RF Danbury Employee whose Severance is on or after January 1, 2019, the amount of the monthly retirement benefit in the Normal Form to be provided for each Participant who retires on his or her Normal Retirement Date shall be equal to such Participant’s Accrued Benefits as of any such date equal to the sum of:
		

		
			(A)    The number of Years of Accrual Service prior to January 1, 2001, multiplied by $14.00; and
		

		
			(B)    The number of Years of Accrual Service on or after January 1, 2001, multiplied by $37.00.
		

		
			 
		

		
			6.         Section 16.35, the definition of Highly Compensated Employee, is amended by restating clause (b) in the second paragraph thereof to read as follows:
		

		
			(b)   for the preceding year had Compensation from the Employer in excess of $80,000 (as adjusted pursuant to Section 415(d) of the Code.)
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						 

					
					
						AMPHENOL CORPORATION

				
	
					
						 

					
					
						 

					
					
						 

					
					
						 

				
	
					
						Dated:

					
					
						October 29, 2018

					
					
						By:

					
					
						/s/ David Silverman

				
	
					
						 

					
					
						 

					
					
						Its:

					
					
						Vice President, Human Resourcesaph_Ex10_14

		
			Exhibit 10.14
		

		
			 
		

		
			FIRST AMENDMENT (2018-1) TO THE
		

		
			AMPHENOL CORPORATION SUPPLEMENTAL EMPLOYEE RETIREMENT PLAN
		

		
			AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2009
		

		
			 
		

		
			Pursuant to Section 5.1 of the Amphenol Corporation Supplemental Employee Retirement Plan as amended and restated effective January 1, 2009 (the "Plan"), the Plan is hereby amended as follows, effective December 31, 2018, to include a new class of eligible Participants consisting of certain employees whose accrued benefit under the Pension Plan for Employees of Amphenol Corporation is frozen pursuant to Sections 4.1(b)(i) and 4.1(c) of such plan as a result of becoming a Highly Compensated Employee, as defined therein, in order to provide them with a nonqualified benefit equal to the benefit lost in the Pension Plan for Employees of Amphenol Corporation as a result of such freeze.  In order to accomplish this result, the following amendments are made to the Plan:
		

		
			 
		

		
			1.         Section 2.1 shall be amended to add a new subsection (c) to read as follows:
		

		
			 
		

		
			(c).  Participation as a Result of December 31, 2018 Freeze.  Notwithstanding subsections (a) and (b), an employee who ceases to be a “Grandfathered Participant” in the Pension Plan for Employees of Amphenol Corporation  (the “Amphenol Corporation Basic Plan”) on or after December 31, 2018 pursuant to Sections 4.1(b)(i) and 4.1(c) of the Amphenol Corporation Basic Plan as a result of becoming a Highly Compensated Employee, as defined in the Amphenol Corporation Basic Plan, shall become a Participant in this Plan on the day following the date on which such cessation occurs.  Such Participant shall be referred to as a “2018 Freeze Participant.”
		

		
			 
		

		
			2.         Section 2.2 shall be amended to add a semi-colon and new language to the last sentence thereof to read as follows:
		

		
			 
		

		
			           ; provided further that the foregoing proviso shall not apply to a 2018 Freeze Participant.
		

		
			 
		

		
			3.         Section 3.2 is amended by adding a new second paragraph to read as follows:
		

		
			Notwithstanding the previous paragraph, the Supplemental Retirement Plan Benefit payable to a 2018 Freeze Participant as of the Benefit Commencement Date shall be calculated as: an annual benefit, payable in the Normal Form provided under the Amphenol Corporation Basic Plan, equal to (a) less (b), where:
		

		
			 
		

		
			(a)         is the annual benefit which is derived from Employer and Employee contributions, if any, payable to the Participant or Participant’s Surviving Spouse or other applicable beneficiary, if any, under the Amphenol Corporation Basic Plan as of the Participant’s Benefit Commencement Date, such benefit to be calculated:
		

		
			 
		

		
			(i)        as if the compensation limitation imposed to determine benefits by Section 401(a)(17) of the Code was $500,000 for Plan Years prior to 2007, and 3.33 multiplied by the Section 401(a)(17) limitation for the applicable Plan Year for 2007 and subsequent Plan Years;
		

		
			
		

		
			

		 

 

		

		
			(ii)       without regard to any limitations under Code Section 415;
		

		
			 
		

		
			(iii)      for a Participant who receives a portion of his or her remuneration from the Employer or a Participating Employer under the Basic Retirement Plan and a portion from a Foreign Subsidiary (that is not a Participating Employer in the Basic Retirement Plan), as if the definition of compensation under the Basic Retirement Plan includes compensation paid, on or after January 1, 2004, by such Foreign Subsidiary; provided, however, that such Participant is not eligible to participate in a plan of deferred compensation provided by such Foreign Subsidiary, or any person or corporation other than the Employer, with respect to such remuneration; and
		

		
			 
		

		
			(iv)      as if the 2018 Freeze Participant’s benefit thereunder had not been frozen as a result of becoming a Highly Compensated Employee;
		

		
			 
		

		
			(b)        is the annual benefit which is derived from Employer and Employee contributions, if any, and which would be payable to the Participant or the Participant’s Surviving Spouse or other applicable beneficiary, if any, under the Amphenol Corporation Basic Plan if benefits commenced under that plan on the Participant’s Benefit Commencement Date under this Plan.
		

		
			 
		

			
					
						 

					
					
						 

					
					
						 

				
	
					
						 

					
					
						 

					
					
						AMPHENOL CORPORATION

					
						 

				
	
					
						Dated: October 29, 2018

					
					
						By:

					
					
						/s/ David Silverman

				
	
					
						 

					
					
						Its:

					
					
						Vice President, Human Resources

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