Document:

EX-10.24

 Exhibit 10.24 
  

					
		  	Schneider National, Inc.	  	
		  	2005 Supplemental Savings Plan	  	
			
		  	(Amended and Restated Effective as of December 1, 2007 & subsequently amended December 31, 2012)	  	

 Contents 
  

 
  

					
	 Article 1. Purpose, Status, and Effective Date
	  	 	1	 
	 1.1 Purpose of Plan
	  	 	1	 
	 1.2 Status of Plan
	  	 	1	 
	 1.3 Effective Date
	  	 	1	 
		
	 Article 2. Definitions
	  	 	2	 
	 2.1 Definitions
	  	 	2	 
		
	 Article 3. Eligibility and Participation
	  	 	4	 
	 3.1 Eligibility
	  	 	4	 
	 3.2 Participation
	  	 	4	 
		
	 Article 4. Election to Defer
	  	 	5	 
	 4.1 Election of Amount of Deferral
	  	 	5	 
	 4.2 Election of Deferral Period
	  	 	6	 
	 4.3 Election of Manner of Payment
	  	 	6	 
	 4.4 Irrevocable Elections
	  	 	7	 
		
	 Article 5. Company Contributions
	  	 	8	 
	 5.1 Company Contributions
	  	 	8	 
	 5.2 Manner of Payment of Company Contributions
	  	 	8	 
		
	 Article 6. Deferral Account and Company Contributions Account
	  	 	9	 
	 6.1 The Participant’s Account
	  	 	9	 
	 6.2 Investment of Account
	  	 	9	 
	 6.3 Crediting of Earnings and Losses
	  	 	9	 
	 6.4 Charges Against Account
	  	 	9	 
	 6.5 Contractual Obligation
	  	 	9	 
	 6.6 Unsecured Interest
	  	 	9	 
	 6.7 Nontransferability
	  	 	10	 
	 6.8 Company Records Conclusive
	  	 	10	 
	 6.9 Vesting
	  	 	10	 

  
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	 Article 7. Payment of the Account
	  	 	11	 
	 7.1 In-Service Payment of Deferred Amounts
	  	 	11	 
	 7.2 Payment Upon Death, Disability or Separation of Service
	  	 	11	 
	 7.3 Discharge of Obligation
	  	 	11	 
		
	 Article 8. Beneficiary
	  	 	12	 
	 8.1 Designation of Beneficiary
	  	 	12	 
	 8.2 Death of Beneficiary
	  	 	12	 
		
	 Article 9. Administration
	  	 	13	 
	 9.1 Administration
	  	 	13	 
	 9.2 Appeals From Denial of Claims
	  	 	13	 
	 9.3 Unfunded Status of the Plan
	  	 	14	 
	 9.4 No Contract of Employment
	  	 	14	 
	 9.5 Tax Withholding
	  	 	14	 
	 9.6 Expenses
	  	 	14	 
	 9.7 Severability
	  	 	15	 
	 9.8 Incompetency
	  	 	15	 
	 9.9 No Individual Liability
	  	 	15	 
	 9.10 Applicable Law
	  	 	15	 
	 9.11 Voiding of Plan Provisions
	  	 	15	 
		
	 Article 10. Change in Control
	  	 	16	 
	 10.1 Immediate Distribution
	  	 	16	 
	 10.2 Definition
	  	 	16	 
		
	 Article 11. Amendment and Termination
	  	 	17	 
	 11.1 Amendment and Termination
	  	 	17	 
	 11.2 Distributions Following the Plan Termination Date
	  	 	17	 

  
 ii 

 Article 1. Purpose, Status, and Effective Date 

1.1 Purpose of Plan 
 The purpose of the 2005 Schneider
National, Inc. Supplemental Savings Plan (the “Plan”) is to provide elective deferred compensation opportunities for certain employees of Schneider National, Inc. (the “Company”) and
make-up contributions that cannot be made under the Schneider National, Inc. 401(k) Savings and Retirement Plan due to the limits on compensation imposed by Code Section 401(a)(17) (the “pay cap
limit”). It is intended that this plan replaces the Schneider National, Inc. Supplemental Savings Plan with respect to all amounts deferred after December 31, 2004 (as determined under Code Section 409A). 

1.2 Status of Plan 
 The Company has established the Plan
as an unfunded deferred compensation plan for a select group of management and highly compensated employees within the meaning of Sections 201(2), 301(a)(3), and 401(a)(1) of the Employee Retirement Income Security Act of 1974, as amended. The Plan
shall at all times be administered and interpreted in a manner that is consistent with such status. 
 1.3 Effective Date 

The effective date of the Plan is January 1, 2005. 

  
 1 

 Article 2. Definitions 

2.1 Definitions 
 Whenever used in the Plan, the following
terms shall have the meanings set forth below unless otherwise expressly provided. When the defined meaning is intended, the term is capitalized. The definition of any term in the singular shall also include the plural. Any masculine terminology
shall be deemed to refer to either a male or a female. 
  

	(a)	“Account” means the Deferral Account and the Company Contributions Account, as applicable, as follows: 

  

	 	(1)	“Deferral Account” means a bookkeeping account maintained by the Company to reflect a Participant’s Base Pay and/or Profit Sharing and/or Other Cash payments approved by the Board deferred after
December 31, 2004, and any gains and losses credited thereon. 

  

	 	(2)	“Company Contributions Account” means a bookkeeping account maintained by the Company to reflect Company Contributions deferred after December 31, 2004, and any gains and losses credited thereon.

  

	(b)	“Base Pay” means a Participant’s annual base wages from the Company determined prior to any compensation reduction under the Schneider National, Inc. 401(k) Savings and Retirement Plan, excluding
any Profit Sharing or other compensation. 

  

	(c)	“Board” means the Board of Directors of the Company. 

  

	(d)	“Code” means the Internal Revenue Code of 1986, as amended, or as it may be amended from time to time (including regulations thereto or other substantial authority). Furthermore, the phrase “to the
extent permitted under the Code” means to the extent the action described does not cause income taxation to the Participant or beneficiary of amounts payable under the Plan prior to the distribution of such amounts. 

 

	(e)	“Committee” means the Committee appointed by the Board to administer the Plan. 

  

	(f)	“Company” means Schneider National, Inc. or any successor thereto that agrees to assume and continue this Plan. 

  

	(g)	“Company Contributions” means any contributions that are made under Section 5.1 of this Plan because the Participants pay recognized by the Schneider National, Inc. 401(k) Savings and Retirement
Plan is limited by the pay cap limit within the Schneider National, Inc. 401(k) Savings and Retirement Plan as further described in Section 1.1. 

  
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	(h)	“Disability” means a total and permanent disability as determined for purposes of the federal Social Security Act which qualifies the Participant for permanent disability insurance payments in
accordance with the Act. 

  

	(i)	“Financial Hardship” means a severe financial hardship described under Section 409A of the Code that is caused by events that are beyond the control of the Participant. The Committee’s decision
with respect to the existence of a Financial Hardship shall be final and binding. 

  

	(j)	“Profit Sharing” means a Participant’s payments from the Profit Sharing Plan for such Plan Year (even if payment for a Plan Year is made during the first quarter of the following Plan Year),
determined prior to any compensation reduction under the Schneider National, Inc. 401(k) Savings and Retirement Plan, excluding any Base Pay or other compensation. 

 

	(k)	“Investment Fund” means a notional fund which is deemed to consist of seven (7) year U.S. Treasury Notes, plus an additional one percent (1%) annual rate of return, with the annual rate set at the
first business day of the December preceding the start of each Plan Year. 

  

	(l)	“Other Cash” means any other cash payment to a participant that the Board has authorized under a long-term incentive plan for deferral under this Plan. 

 

	(m)	“Participant” means an individual who has met and continues to meet the eligibility requirements described in Section 3.1. Where the context requires, the term “Participant” shall also
refer to a former Participant. 

  

	(n)	“Plan” means this 2005 Schneider National, Inc. Supplemental Savings Plan as amended and restated as set forth herein. 

 

	(o)	“Plan Termination Date” means the date the Board approves the termination of the Plan pursuant to Section 11.1 of the Plan. 

 

	(p)	“Plan Year” means the twelve (12) month period beginning each January 1 and ending the following December 31. 

 

	(q)	“Retirement” means a termination of employment with the Company on or after the attainment of age 62. 

  
 3 

 Article 3. Eligibility and Participation 

3.1 Eligibility 
 An employee of the Company or its
subsidiaries shall be eligible to participate in this Plan if he is in the judgment of the Committee and designated by the Committee a member of a select group of management or highly compensated employees and is further designated as eligible to
participate in this Plan by the Committee. Records of such designations shall be maintained in writing by the Committee, along with the effective date of such designations. 

3.2 Participation 
  

	(a)	Commencement of Participation. An individual who has satisfied the eligibility requirements of Section 3.1 may initially enroll in and become a Participant in the Plan by timely making the elections
described in Article 4 provided such elections may not be effective prior to the effective date designated by the Committee in Section 3.1. 

  

	(b)	Other Participation. An individual who has satisfied the eligibility requirements of Section 3.1 will automatically participate in Article 5 of the Plan regardless of whether he made any elections under
Article 4 if such individual suffers a reduction in contributions that would be made under the Schneider National, Inc. 401(k) Savings and Retirement Plan because of the pay cap limit as further described in Section 1.1. Such automatic
participation shall be effective as of the first day of any Plan Year that such contributions are limited under Code Section 401(a)(17). 

  

	(c)	Duration of Participation. A Participant shall continue to be an active Participant until he ceases to meet the eligibility requirements under Section 3.1, does not have a valid deferral election in effect
under Article 4, and no longer suffers a reduction in contributions that would be made under the Schneider National, Inc. 401(k) Savings and Retirement Plan because of the pay cap limit as further described in Section 1.1. Thereafter, he shall
be an inactive Participant, retaining all the rights described under this Plan except the right to make any further deferrals of Base Pay or Profit Sharing or Other Cash or receive additional Company Contributions until he again becomes an active
Participant. 

  
 4 

 Article 4. Election to Defer 

4.1 Election of Amount of Deferral 
  

	(a)	General Rule. Prior to seven days before the first day of any Plan Year, a Participant may, by written notice to the Committee on a form provided by the Committee, elect to defer an amount up to ninety percent
(90%) (in increments of one percent[1%]) of the Base Pay that would otherwise be payable to him for services performed during such Plan Year. Also, prior to seven (7) days before the first day of any Plan Year, a Participant may, by
written notice to the Committee on the same form, elect to defer an amount up to ninety percent (90%) (in increments of one percent [1%]) of the Profit Sharing that would otherwise be payable to him for services performed during such Plan
Year even if the payment is not made until the first quarter of the following Plan Year. Also, prior to seven (7) days before the first day of any Plan Year, a Participant may, by written notice to the Committee on a separate form, elect to
defer an amount up to ninety percent (90%) (in increments of one percent [1%]) of the Other Cash that would otherwise be payable to him for services performed during such Plan Year even if the payment is not made until the first quarter
following three years after the Plan Year. Such Base Pay, Profit Sharing and Other Cash deferrals shall be credited to the Participant’s Account, as provided in Section 6.1. 

 

	(b)	Permitted Delay in Making Profit Sharing Deferral Elections. In any Plan Year where the Profit Sharing earned by a Participant in the Plan Year meets the requirements of “performance-based compensation”
as such term is defined under Section 409A of the Code, the Participant may submit a deferral election to defer such Profit Sharing not later than six (6) months prior to the end of the performance period for which the Profit Sharing pertains.

  

	(c)	Permitted Delay in Making Other Cash Deferral Elections. Prior to the end of the first Plan Year following the award of any Other Cash award where the Other Cash award meets the requirements of
“performance-based compensation” as such term is defined under Section 409A of the Code, the Participant may submit a deferral election to defer such Other Cash. 

 

	(d)	Newly Eligible Participants. If a Participant is first designated as eligible to participate in this Plan after the start of the Plan Year, the Participant may submit an initial deferral election at any
time prior to the thirtieth (30th) day following his date of initial eligibility. Such initial deferral election shall apply to any Base Pay, Profit Sharing and Other Cash award earned after the
date the election is made. 

  

	(e)	 Financial Hardship. Upon the Committee’s determination that a Financial Hardship has occurred, all
outstanding deferral elections with respect to Base Pay that has not yet been earned or Profit Sharing or Other Cash payment that has not yet been made will be revoked. Notwithstanding the above, any Participant for whom a Financial

  
 5 

	 	
Hardship has occurred may make new deferral elections in the future as provided under Section 4.1(a) above for a Plan Year subsequent to the Plan Year in which a Financial Hardship has
occurred. 

 4.2 Election of Deferral Period 
  

	(a)	Time of Payment. At the time a Participant makes a deferral election under Section 4.1, he shall also designate the year and calendar quarter in which payment of the deferrals for such Plan Year and related
earnings thereon shall commence to be paid. The year and calendar quarter so designated may not be earlier than the first calendar year following the Plan Year for which the deferral election is made. 

 

	(b)	Payment in the Event of Disability, Death, or Separation of Service. Notwithstanding the above provisions of Section 4.2(a), upon the Participant’s death, Disability or “separation of service” with
the Company (as such phrase is defined under Section 409A of the Code), the balance remaining in the Participant’s Account as of the date of such event shall be paid as follows: fifty percent (50%) of the account will be paid in the first
January following the end of the year in which such Disability, death, or separation of service occurs and the remainder of the account shall be paid in January one (1) year later. Earnings shall continue to accrue in the Account until the
Account is distributed in full. 

  

	(c)	Special Election Pursuant to Proposed Regulations to Section 409A. At the discretion of the Committee, a Participant may be allowed to change any election made under Section 4.2(a) provided that such change is
made at least twelve (12) months before the date payment would otherwise commence and provided such change is made not later than December 31, 2006. For purposes of this special election only, a participant may select any date to commence
distributions of amounts deferred that is at least twelve (12) months following the date the special election is made. 

 4.3 Election
of Manner of Payment 
  

	(a)	Form of Payment. At the time the Participant makes each deferral election under Section 4.1, he shall also elect the manner in which the related amounts deferred and earnings thereon shall be paid. A
Participant may choose to have such amounts paid either in a lump sum or in a specified number of annual installments over a period of three (3), five (5), or ten (10) years. If the Participant fails to elect a form of distribution for a
particular deferral election, the amounts deferred pursuant to that election together with the earnings thereon will be paid in a single lump sum. 

  

	(b)	Special Election Pursuant to Proposed Regulations to Section 409A. At the discretion of the Committee, a Participant may be allowed to change any election made under Section 4.3(a) provided that such change is
made at least twelve (12) months before the date payment would otherwise commence and provided such change is made not later than December 31, 2006. 

  
 6 

 4.4 Irrevocable Elections 

Except as provided in Section 4.1(d), 4.2(c), and 4.3(b), all elections made by the Participant under this Article 4 shall be irrevocable. 

  
 7 

 Article 5. Company Contributions 

5.1 Company Contributions 
 Each Participant who suffers a
reduction in the Company contributions that would be made on his behalf under the Schneider National, Inc. 401(k) Savings and Retirement Plan because of the pay cap limit as further described in Section 1.1 shall receive a Company Contribution
under the terms of this Article 5. Such Company Contribution shall be calculated by determining the amount of service-based Company contribution that would otherwise be made under the terms of the Schneider National, Inc. 401(k) Savings and
Retirement Plan without regard to Code Section 401(a)(17), subtracting the service-based contribution actually made under the Schneider National, Inc. 401(k) Savings and Retirement Plan (or in lieu of such consideration, a cash payment actually
made), and making the remainder as a Company Contribution under the terms of this Article 5. 
 5.2 Manner of Payment of Company Contributions

 Fifty percent (50%) of the Participant’s Company Contribution Account will be paid in the first January following the end of the year in which
the Participant’s Disability, death, or separation of service occurs and the remainder of the Company Contribution Account shall be paid in the next following January. The Participant’s Company Contributions Account shall be paid to the
Participant or in the event of the Participant’s death prior to a distribution from the Participant’s Company Contribution Account to the Participant’s designated beneficiary under the Schneider National, Inc. 401(k) Savings and
Retirement Plan. 

  
 8 

 Article 6. Deferral Account and Company Contributions Account 

6.1 The Participant’s Account 
 Each deferral of Base
Pay, Profit Sharing or Other Cash made by a Participant for any given Plan Year shall be credited to the Participant’s bookkeeping Deferral Account for that Plan Year as of the date the amount deferred would have been paid to the Participant.
Further, each Company Contribution for any given Plan Year shall be credited to the Participant’s bookkeeping Company Contributions Account for that Plan Year as of the date the Company Contribution would have been made under the Schneider
National, Inc. 401(k) Savings and Retirement Plan. For purposes of the Plan, the Participant’s Deferral Account and Company Contribution Account are collectively referred to as the Participant’s Account. 

6.2 Investment of Account 
 A Participant’s Account
shall be deemed invested in the Investment Fund throughout the Plan Year and, as such, each deferral amount or Company Contribution credited to a Participant’s Account shall accrue an allocation of earnings or losses under Section 6.3 from
the date first credited to the Participant’s Account until distributed. 
 6.3 Crediting of Earnings and Losses 

A Participant’s Account shall be adjusted as of the last day of each calendar year to reflect any gains or losses that would have been credited or debited
to such Account during the calendar year had it actually been invested in the manner described in Section 6.2. In addition, the account shall be adjusted prior to a complete distribution of the remaining balance in a Participant’s Account
to reflect any gains and losses that would have been credited or debited since the end of the preceding calendar year. 
 6.4 Charges Against Account

 There shall be charged against the Account any payments made to the Participant or his beneficiary under Article 7. 

6.5 Contractual Obligation 
 It is intended that the
Company is under a contractual obligation to make payments from the Participant’s Account when due. Payment of a Participant’s Account shall be made out of the Company’s general assets. 

Nothing contained in this Plan, and no action taken pursuant to its provisions by either the Company or the Participant shall be construed to create a trust
of any kind or a fiduciary relationship between the Company and the Participant or any other person. 
 6.6 Unsecured Interest 

To the extent the Participant acquires a right to receive payments under this Plan, such right shall be no greater than the right of any unsecured general
creditor of the Company. Any assets of the Company which may be invested in the Investment Fund shall continue for all purposes to be a part of the general assets of the Company. 

  
 9 

 6.7 Nontransferability 

In no event shall the Company make any payment under this Plan to any assignee or creditor of the Participant or his beneficiary. Prior to the time of a
payment hereunder, the Participant or his beneficiary shall have no rights by way of anticipation or otherwise to assign or otherwise dispose of any interest under this Plan, nor shall rights be assigned or transferred by operation of law. 

6.8 Company Records Conclusive 
 The records of the
Company with respect to the Plan shall be maintained in accordance with procedures approved by the Committee. Each Participant shall receive a summary of the material terms of the Plan and shall be informed annually of deferrals that have been made
into his Account and the current balance of such Account. The records of the Company shall be conclusive and binding on all Participants, beneficiaries, and other interested persons. 

6.9 Vesting 
 A Participant’s claim to amounts
credited to his Account shall at all times be fully vested and nonforfeitable. That is, the Participant does not have to perform further services in order to earn a right to receive payment in accordance with the terms of the Plan. Being vested does
not alter the time and manner of payment, which shall occur only as provided in Article 7 and Article 8. 

  
 10 

 Article 7. Payment of the Account 

7.1 In-Service Payment of Deferred Amounts 

Scheduled in-service payments of a Participant’s Deferral Account shall begin as soon as administratively
practicable after the commencement date elected by the Participant under Section 4.2. The Deferral Account shall be paid out in a lump sum, or installments over three (3), five (5), or ten (10) years, as elected by the Participant
under Section 4.3. 
 7.2 Payment Upon Death, Disability or Separation of Service 

Notwithstanding the above, and in lieu of any in-service payments scheduled to be paid,
one-half of the value of a Participant’s Account (after adjustment to reflect the allocations of earnings and losses under Section 6.3) as of the last day of the calendar year in which the
Participant’s death, Disability or separation of service occurs shall be paid to the Participant or designated beneficiary during the first month of the first calendar year following such event, and the remaining amount shall be paid to the
Participant or designated beneficiary during the first month of the second calendar year following such event. 
 7.3 Discharge of Obligation 

When a payment is due, it shall be made to a Participant or beneficiary at the address he has designated (or, for payments to the beneficiary of the Company
Contributions Account, to the address on file under the terms of the Schneider National, Inc. 401(k) Savings and Retirement Plan). If no address has been designated, payment shall be at the Participant’s or beneficiary’s last known address
in the Company’s records. Such payment of any amount that is due under the Plan shall constitute a complete discharge of the obligation to pay such amount. 

  
 11 

 Article 8. Beneficiary 

8.1 Designation of Beneficiary 
 The Participant shall
designate a beneficiary or beneficiaries who, upon the Participant’s death, are to receive amounts in the Deferral Account that otherwise would have been paid to the Participant exclusive of any amounts in the Company Contributions Account. All
designations shall be in writing and signed by the Participant. The designation shall be effective only if and when delivered to the Committee (in care of the Secretary of the Company) during the Participant’s lifetime. The Participant may also
change his beneficiary or beneficiaries by a signed, written instrument delivered to the Committee (in care of the Secretary of the Company). The payment of the Deferral Account shall be in accordance with the last unrevoked written designation of
beneficiary that has been signed by the Participant and delivered to the Committee. The payment of the Company Contributions Account shall be made to the beneficiary designated and in accordance with the terms of the Schneider National, Inc. 401(k)
Savings and Retirement Plan. 
 8.2 Death of Beneficiary 

If all of the beneficiaries named in Section 8.1 predecease the Participant, the amounts that otherwise would have been paid to the Participant shall be
paid to the Participant’s estate. 

  
 12 

 Article 9. Administration 

9.1 Administration 
 The Plan shall be administered by the
Committee. A majority of the members of the Committee at the time in office shall constitute a quorum for the transaction of business. All resolutions and other actions taken by the Committee at any meeting shall be by a majority vote of those
present at the meeting. Upon the unanimous concurrence in writing of all Committee members, action of the Committee may be taken other than at a meeting. 

The Committee shall have all powers necessary or appropriate to carry out the provisions of the Plan. It may, from time to time, establish rules for the
administration of the Plan and the transaction of the Plan’s business. 
 The Committee shall have the exclusive right to make any finding of fact
necessary or appropriate for any purpose under the Plan including, but not limited to, the determination of the eligibility for and the amount of any benefit payable under the Plan. 

The Committee shall have the exclusive right to interpret the terms and provisions of the Plan and to determine any and all questions arising under the Plan
or in connection with the administration thereof, including, without limitation, the right to remedy or resolve possible ambiguities, inconsistencies, or omissions, by general rule or particular decision. 

To the extent permitted by law, all findings of fact, determinations, interpretations, and decisions of the Committee shall be conclusive and binding upon all
persons having or claiming to have any interest or right under the Plan. 
 9.2 Appeals From Denial of Claims 

As required by ERISA, if any claim for benefits under the Plan is wholly or partially denied, the claimant shall be given notice in writing of the denial. This
notice shall be in writing, within a reasonable period of time after receipt of the claim by the Committee (not to exceed ninety (90) days after receipt of the claim, except that if special circumstances require an extension of time,
written notice of the extension shall be furnished to the claimant, and an additional ninety (90) days will be considered reasonable). 
 This
notice shall be written in a manner calculated to be understood by the claimant and shall set forth the following information: 
  

	(a)	the specific reasons for the denial; 

  

	(b)	specific reference to the Plan provisions on which the denial is based; 

  

	(c)	a description of any additional material or information necessary for the claimant to perfect the claim and an explanation of why this material or information is necessary; 

  
 13 

	(d)	an explanation that a full and fair review by the Committee of the decision denying the claim may be requested by the claimant or his authorized representative by filing with the Committee, within sixty (60) days
after the notice has been received, a written request for the review; and if such request is so filed, an explanation that the claimant or his authorized representative may review pertinent documents and submit issues and comments in writing within
the same sixty (60) day period specified in this Subsection (d). Upon request (and free of charge), the claimant shall be provided reasonable access to and copies of all documents, records, and other information relevant to his claim for
benefits and shall also be informed of his right to bring suit under ERISA. 

 The decision of the Committee upon review shall be made
promptly, and not later than sixty (60) days after the Committee’s receipt of the request for review, unless special circumstances require an extension of time for processing. In such a case, the claimant shall be so notified and a
decision shall be rendered as soon as possible, but not later than one hundred twenty (120) days after receipt of the request for review. If the claim is denied, wholly or in part, the claimant shall be given a copy of the decision
promptly. The decision shall be in writing, shall include specific reasons for the denial, shall include specific references to the pertinent Plan provisions on which the denial is based, and shall be written in a manner calculated to be understood
by the claimant. 
 9.3 Unfunded Status of the Plan 

The Plan is and shall remain unfunded for purposes of the Internal Revenue Code and ERISA. Nothing contained in this Plan, and no action taken pursuant to any
provision of this Plan, shall create or be construed to create a trust of any kind, or a fiduciary relationship among the Company, Participants, beneficiaries or any other persons. Furthermore, no Participant or beneficiary shall have any interest
in any specific asset of the Company by operation of this Plan. 
 9.4 No Contract of Employment 

Nothing contained in the Plan shall be construed to give any Participant the right to be retained in the service of the Company or to interfere with the right
of the Company to discharge a Participant at any time. 
 9.5 Tax Withholding 

The Company may withhold from any payment under this Plan any federal, state, or local taxes required by law to be withheld with respect to such payment and
such sum as the Company may reasonably estimate as necessary to cover any taxes for which the Company may be liable and which may be assessed with regard to such payment. 

9.6 Expenses 
 All expenses incurred in the administration
of the Plan shall be paid by the Company. 

  
 14 

 9.7 Severability 

If a provision of this Plan shall be held illegal or invalid, the illegality or invalidity shall not affect the remaining parts of the Plan. The Plan shall be
construed and enforced as if the illegal or invalid provision had not been included herein. 
 9.8 Incompetency 

Every person receiving or claiming benefits under the Plan shall be conclusively presumed to be mentally competent and of age until the Committee receives
written notice, in a form and manner acceptable to it, that such person is incompetent or a minor, and that a guardian, conservator, statutory committee, or other person legally vested with the care of the person or estate has been appointed;
provided, however, that if the Committee shall find that any person to whom a benefit is payable under the Plan is unable to properly care for such person’s own affairs because of incompetency, or is a minor, then any payment due (unless a
prior claim therefore shall have been made by a duly appointed legal representative) may be paid to the spouse, a child, a parent, or a brother or sister, or to any person or institution deemed by the Committee to have incurred expenses for the
person otherwise entitled to payment. 
 In the event a guardian of the estate of any person receiving or claiming benefits under the Plan shall be
appointed by a court of competent jurisdiction, payment shall be made to such guardian provided that proper proof of appointment is furnished in a form and manner acceptable to the Committee. To the extent permitted by law, any such payment so made
shall be a complete discharge of liability therefore under the Plan. 
 9.9 No Individual Liability 

It is the express purpose and intention of the Plan that no liability whatsoever shall attach to or be incurred by the shareholders, officers, or directors of
the Company or any Committee members hereunder, by reason of any term or condition of the Plan. The Company, through insurance or otherwise, shall indemnify any Board member, Committee member, corporate officer, or other individual against any
personal liability for actions taken or omitted in good faith in the performance of duties on behalf of the Company under this Plan. 
 9.10 Applicable
Law 
 This Plan shall be governed by and construed in accordance with the laws of the State of Wisconsin, to the extent not superseded by the laws of
the United States. 
 9.11 Voiding of Plan Provisions 

If any provision under this Plan causes an amount deferred to become subject to income tax under the Code prior to the time such amount is paid to the
Participant or causes imposition of interest and additional tax under Section 409A of the Code, such provision shall be deemed null and void with respect to such amount deferred and the Committee shall take whatever steps as may be required to
accomplish the objectives of the Plan without causing early taxation of such amount deferred and without the Company incurring additional cost or liability. 

  
 15 

 Article 10. Change in Control 

10.1 Immediate Distribution 
 If a change in the ownership
or effective control of the Company (as such event is defined below) occurs, and the Board does not agree in writing to continue the Plan under substantially the same terms and conditions, the Plan will be terminated and Participant’s entire
Account shall be paid to the Participant in a single sum as soon as administratively practicable, but no sooner than six (6) months nor later than twelve (12) months following such change in ownership or effective control of the Company.
Notwithstanding the above, if the Company maintains other substantially similar arrangements this Plan may not be terminated (and Participant’s shall not receive a distribution under this Section) unless all other substantially similar
arrangements are simultaneously terminated and amounts deferred under those arrangements distributed within the same six (6) month time period. 
 10.2
Definition 
 For purposes of this Article 10, “change in control” means the date on which a person or group of affiliated or
associated persons (an “acquiring person”), has acquired legal or beneficial ownership of more than fifty percent (50%) of the outstanding shares of the voting stock of Schneider National, Inc., or the date an acquiring person
acquires all or substantially all of the assets of Schneider National, Inc.; provided, however, that in no event shall transfers of voting stock of Schneider National, Inc. among trusts held for the primary benefit of members of the Donald J.
Schneider family constitute a change in control; and provided, further, that any transaction or series of related transactions satisfying the definition hereunder shall not constitute a change in control unless such transaction or
transactions also constitute a change in the ownership or effective control of Schneider National, Inc., or a change in the ownership of a substantial portion of the assets of Schneider National, Inc. within the meaning of Section 409A of the Code
and the Regulations promulgated thereunder. 

  
 16 

 Article 11. Amendment and Termination 

11.1 Amendment and Termination 
 The Company hereby
reserves the right to amend, modify, or terminate the Plan at any time, and for any reason, by action of the Board. However, no amendment or termination shall adversely affect amounts payable hereunder with respect to Base Pay, Profit Sharing, Other
Cash or Company Contributions made prior to the date of such amendment or termination or cause amounts deferred under this Plan to become subject to assessment of penalties or interest under Section 409A of the Code. Notwithstanding the above, the
Plan may only be terminated by action of the Board if all other similar arrangements subject to Section 409A of the Code that are sponsored by the Company are terminated and settled in a manner consistent with this Section 11.1. 

11.2 Distributions Following the Plan Termination Date 

During the first twelve (12) months following the Plan Termination Date, all regularly scheduled payments shall continue as if the plan had not been
terminated. As soon as practicable following the twelve (12) month period, and not later than the end of the 
 twenty-fourth (24th) month following the Plan Termination Date, the remaining balance in each Participant’s Account will be paid in full. 

* * * * * * * * * * 

  
 17 

 In Witness Whereof, Schneider National, Inc. has caused this instrument to be executed by its duly
authorized officer this      day of                     , 2008, but effective as of January 1, 2005. 

 

													
		 		 		 		 	Schneider National, Inc.
					
	Attest:	 		 		 		 	
						
		 		 		 		 	By	 	  

							
		 		 		 		 		 	Its	 	  

						
	By	 	  
	 		 		 		 	
					
		 	Its	 	  
	 		 	(Corporate Seal)

  
 18EX-10.25

 Exhibit 10.25 

First Amendment to 

Schneider National, Inc. 

2005 Supplemental Savings Plan 

This First Amendment (this “Amendment”) to the Schneider National, Inc. 2005 Supplemental Savings Plan (amended and restated
effective December 1, 2007 and subsequently amended December 31, 2012) (the “Plan”), is effective as of January 30, 2017. 

WITNESSETH: 

WHEREAS, the Plan provides elective deferred compensation opportunities to a select group of management and highly compensated
employees of Schneider National, Inc. (the “Company”) and make-up contributions that cannot be made under the Company’s 401(k) Savings and Retirement Plan due to limits imposed by the
Section 401(a)(17) of the Internal Revenue Code of 1986, as amended (the “Code”); 
 WHEREAS, the Company desires to
amend the Plan to provide the opportunity for re-deferrals, subject to Section 409A of the Code and the Treasury Regulations issued thereunder, and to make certain other amendments to demonstrate compliance
with Section 409A of the Code; and 
 WHEREAS, Section 11.1 of the Plan provides that the Company may amend, modify or terminate
the Plan at any time, and for any reason, by action of the Company’s board of directors. 
 NOW, THEREFORE, the Plan is amended,
for periods following January 30, 2017, as provided herein. 
  

	 	1.	Section 4.2(c) of the Plan is amended and replaced in its entirety with the following: 

“(c)     Special Election for Redeferrals pursuant to Section 409A. At the discretion of the Committee,
effective on and after January 30, 2017, a Participant may elect to redefer receipt of all or a portion of the compensation the Participant deferred pursuant to Section 4.1, provided that (i) the election may not take effect until at
least twelve (12) months after the date on which the election is made, (ii) for any such election as to payment that is to be made (A) at a specified time or pursuant to a fixed schedule under Section 4.2(a) and 4.3(a), (B) upon a
separation from service under Section 4.2(b) and 7.2, or (C) upon a change in control under Section 10.1 (but not any payment that is required to be made on account of death or Disability under Section 4.2(b) and 7.2), the payment with
respect to which the election is made must be deferred for a period of not less than five years from the date the payment would otherwise have been paid (or in the case of installment payments treated as a single payment, twelve (12) months
before the date the first amount was scheduled to be paid) and (iii) any 

 
such election as to a payment that is to be made at a specified time or pursuant to a fixed schedule under Section 4.2(a) and 4.3(a) must be made not less than twelve (12) months before the
date on which the payment is scheduled to be paid (or in the case of installment payments treated as a single payment, twelve (12) months before the date the first amount was scheduled to be paid). Once a valid redeferral election becomes
irrevocable, in accordance with the terms and conditions of the Plan, the Participant’s redeferred deferrals and related earnings thereto shall be payable at the time and in the form elected in accordance with the terms and conditions of the
Plan.” 
  

	 	2.	Section 4.3(b) of the Plan shall be deleted in its entirety. 

  

	 	3.	Section 4.4 of the Plan shall be amended as follows: 

 “4.4 Irrevocable
Elections. All elections made by the Participant under this Article 4 shall be irrevocable, except to the extent a redeferral is permitted under Section 4.2(c).” 
  

	 	4.	The Plan shall be amended to add a new Article 12 at the end thereof, as follows: 

“Article 12. Section 409A Compliance 

It is intended that the provisions of the Plan comply with Section 409A of the Code, and all provisions of the Plan shall be construed and
interpreted in a manner consistent with the requirements for avoiding taxes or penalties under Section 409A of the Code. 
 No Participant or
the creditors or beneficiaries of a Participant shall have the right to subject any deferred compensation (within the meaning of Section 409A of the Code) payable under the Plan to any anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, attachment or garnishment. Except as permitted under Section 409A of the Code, any deferred compensation (within the meaning of Section 409A of the Code) payable to any Participant or for the benefit of any Participant under the Plan
may not be reduced by, or offset against, any amount owing by any such Participant to the Company or any of its Affiliates. 
 If, at the
time of a Participant’s separation from service (within the meaning of Section 409A of the Code), (A) such Participant shall be a specified employee (within the meaning of Section 409A of the Code and using the identification methodology
selected by the Company from time to time) and (B) the Company shall make a good faith determination that an amount payable pursuant to the Plan constitutes deferred compensation (within the meaning of Section 409A of the Code) the payment of
which is required to be delayed pursuant to the six-month delay rule set forth in Section 409A of the Code in order to avoid taxes or penalties under 

  
 2 

 
Section 409A of the Code, then the Company shall not pay such amount on the otherwise scheduled payment date but shall instead pay it on the first business day after such six-month period. Such amount shall be paid without interest, unless otherwise determined by the Committee, in its discretion, or as otherwise provided in any applicable employment agreement between the Company and
the relevant Participant. 
 For purposes of Section 409A of the Code, any series of installment payments made pursuant to the Plan that is
not a life annuity shall be deemed to be a separate payment as permitted under Treas. Reg. Sec. 1.409A-2(b)(2)(iii). 

Notwithstanding any provision of the Plan to the contrary, in light of the uncertainty with respect to the proper application of Section 409A
of the Code, the Company reserves the right to make amendments to the Plan as the Company deems necessary or desirable to avoid the imposition of taxes or penalties under Section 409A of the Code. In any case, a Participant shall be solely
responsible and liable for the satisfaction of all taxes and penalties that may be imposed on such Participant or for such Participant’s Account (including any taxes and penalties under Section 409A of the Code), and neither the Company nor any
of its Affiliates shall have any obligation to indemnify or otherwise hold such Participant harmless from any or all of such taxes or penalties.” 
  

	 	5.	Except as expressly amended above, the Plan shall remain in full force and effect. 

  
 3

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