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EXHIBIT 10.3

                             FOURTH AMENDMENT TO THE
                          INGLES MARKETS, INCORPORATED
                         INVESTMENT/PROFIT SHARING PLAN

         THIS FOURTH AMENDMENT TO THE INGLES MARKETS, INCORPORATED
INVESTMENT/PROFIT SHARING PLAN (hereinafter referred to as the "Plan"), which
Plan was amended and restated in its entirety effective September 26, 1993, and
was subsequently amended by the First, Second, and Third Amendments, is made and
entered into by Ingles Markets, Incorporated (the "Employer").

                              W I T N E S S E T H:

         WHEREAS, Section 6.1 of the Plan permits the Employer to amend the Plan
from time to time and Section 6.3 of the Plan permits the Employer to amend the
Plan on behalf of all participating Employers.

         WHEREAS, the Employer desires to amend the Plan to: (1) correct
scrivener's errors with respect to the application of quarters in the operation
of the Plan; and (2) change the timing and application of forfeitures.

         NOW, THEREFORE, the Employer hereby amends the Plan as follows:

SECTION 3.2 OF THE PLAN IS HEREBY AMENDED BY DELETING THE FIRST TWO PARAGRAPHS
OF THIS SECTION AND SUBSTITUTING THE FOLLOWING THEREFOR:

         "A.      Effective February 2, 1994, subject to the rights of the
         Employer under ARTICLES VI and VIII, the Employer shall decide the
         amount of Matching Employer Contributions to be made to the Fund for
         each of the Plan Quarters and shall make such contributions as follows:

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                  1.       Allocation. The Matching Employer Contributions made
         for each of the Plan Quarters shall be allocated within the Plan Year
         with respect to each such quarter to the Matching Employer Contribution
         Account of each Active Participant in the proportion that the Elective
         Deferrals of each Active Participant pursuant to Section 3.1A for that
         Plan Quarter bear to the total Elective Deferrals of all Active
         Participants pursuant to Section 3.1A for that Plan Quarter; provided,
         however, that for purposes of determining the allocation of Matching
         Employer Contributions pursuant to this Section 3.2 A.1, each Active
         Participant with Elective Deferrals in excess of five percent (5%)
         percent of his Compensation for a Plan Quarter shall be deemed to have
         made Elective Deferrals equal to five percent (5%) of his Compensation
         for such Plan Quarter."

EFFECTIVE SEPTEMBER 27, 1998, SECTION 4.6 OF THE PLAN IS HEREBY AMENDED BY
REMOVING THE FIRST PARAGRAPH IN ITS ENTIRETY AND SUBSTITUTING THE FOLLOWING IN
ITS STEAD:

         "4.6     Forfeitures. As of the last day of each Plan Year, Forfeitures
         arising pursuant to Section 5.1A.3 during the preceding Plan Year shall
         be allocated as follows:"

EFFECTIVE SEPTEMBER 26, 1999, SECTION 4.6B OF THE PLAN IS HEREBY AMENDED IN ITS
ENTIRETY TO READ AS FOLLOWS:

         "B.      The balance of such Forfeitures shall be applied as follows:

                  1.       Forfeitures which result from Participants'
         Discretionary Employer Contribution Account shall be allocated in the
         manner set forth in Section 3.3A.1 of the Plan; and

                  2.       Forfeitures which result from Participants' Matching
         Employer Contribution Account shall be used to reduce future Matching
         Employer Contributions."

EFFECTIVE SEPTEMBER 26, 1999, SECTION 4.7C OF THE PLAN IS HEREBY DELETED IN ITS
ENTIRETY. EFFECTIVE SEPTEMBER 27, 1998, SECTION 5.1A.3 OF THE PLAN IS HEREBY
AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

                  "3.      Forfeitures. If any Participant terminates employment
         prior to the time when the Matching Employer Contribution Account and
         Discretionary Employer Contribution Account established for his benefit
         are 100% nonforfeitable, the portions of his Matching Employer
         Contribution Account and Discretionary Employer Contribution Account
         which are forfeitable shall be treated as a Forfeiture pursuant to
         Section 4.6 as of the last day of the Plan Quarter in which occurs the
         earlier of: (i) the date on which he shall have received a distribution
         or is deemed to have received a distribution of his entire interest in
         the Plan pursuant to Section 5.1A.1; or (ii) the date on which he shall
         have incurred

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         five (5) consecutive one year Breaks in Service. Such Forfeitures shall
         then be applied at such time and in such manner as is outlined in
         Section 4.6."

EXCEPT AS SPECIFICALLY AMENDED ABOVE, THE PLAN SHALL REMAIN UNCHANGED AND, AS
AMENDED HEREIN, SHALL CONTINUE IN FULL FORCE AND EFFECT.

         IN WITNESS WHEREOF, Ingles Markets, Incorporated has caused this Fourth
Amendment to the Plan to be executed by its duly authorized officer this 14th
day of September, 1999.

                                    EMPLOYER:

                                    INGLES MARKETS, INCORPORATED

                                    By: /s/ Brenda S. Tudor
                                       -----------------------------------------
                                    Title: Vice President-Finance and
                                            Chief Financial Officer

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EXHIBIT 10.4

                             FIFTH AMENDMENT TO THE
                          INGLES MARKETS, INCORPORATED
                         INVESTMENT/PROFIT SHARING PLAN

         THIS FIFTH AMENDMENT TO THE INGLES MARKETS, INCORPORATED
INVESTMENT/PROFIT SHARING PLAN (hereinafter referred to as the "Plan"), which
Plan was amended and restated in its entirety effective September 26, 1993, and
was subsequently amended by the First, Second, Third, and Fourth Amendments, is
made and entered into by Ingles Markets, Incorporated (the "Employer").

                              W I T N E S S E T H:

         WHEREAS, Section 6.1 of the Plan permits the Employer to amend the Plan
from time to time and Section 6.3 of the Plan permits the Employer to amend the
Plan on behalf of all participating Employers.

         WHEREAS, the Employer desires to amend the Plan to change the loan
provisions to allow: (1) loans to be made from a Participant's Qualified
Deferral Account, Rollover Account, and Employer Matching Account; and (2) loans
for the purchase of a principal residence to be repaid over a period up to ten
years.

         NOW, THEREFORE, the Employer hereby amends the Plan as follows:
SECTION 10.6 B OF THE PLAN IS HEREBY AMENDED BY SUBSTITUTING THE PHRASE
"QUALIFIED DEFERRAL ACCOUNT, ROLLOVER ACCOUNT, OR EMPLOYER MATCHING ACCOUNT" FOR
"QUALIFIED DEFERRAL ACCOUNT" WHEREVER IT APPEARS.

SECTION 10.6F OF THE PLAN IS HEREBY AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

                  "Each loan shall require that repayment (principal and
                  interest) be amortized in level payments, not less frequently
                  than quarterly. The period of repayment for any loan shall be
                  arrived at by mutual agreement between the Committee and the
                  Borrower. The repayment of any loan, other than a loan for the
                  purchase of the Borrower's principal residence, shall not
                  exceed five (5) years. The repayment of loan for the purchase
                  of the Borrower's principal residence shall not exceed ten
                  (10) years."

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                  1.       THE EFFECTIVE DATE OF THIS FIFTH AMENDMENT SHALL BE
JANUARY 1, 2000. EXCEPT AS SPECIFICALLY AMENDED ABOVE, THE PLAN SHALL REMAIN
UNCHANGED AND, AS AMENDED HEREIN, SHALL CONTINUE IN FULL FORCE AND EFFECT.

         IN WITNESS WHEREOF, Ingles Markets, Incorporated has caused this Fifth
Amendment to the Plan to be executed by its duly authorized officer this 6th day
of March, 2000.

                                    EMPLOYER:

                                    INGLES MARKETS, INCORPORATED

                                    By: /s/ Brenda S. Tudor
                                       -----------------------------------------
                                    Title: Vice President - Finance and
                                             Chief Financial Officer

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EXHIBIT 10.5

                             SIXTH AMENDMENT TO THE
                          INGLES MARKETS, INCORPORATED
                         INVESTMENT/PROFIT SHARING PLAN

         THIS SIXTH AMENDMENT TO THE INGLES MARKETS, INCORPORATED
INVESTMENT/PROFIT SHARING PLAN (hereinafter referred to as the " Ingles Plan"),
which Plan was amended and restated in its entirety effective September 26,
1993, and was subsequently amended by the First, Second, Third, Fourth, and
Fifth Amendments, is made and entered into by Ingles Markets, Incorporated (the
"Employer").

                              W I T N E S S E T H:

         WHEREAS, Section 6.1 of the Plan permits the Employer to amend the Plan
from time to time and Section 6.3 of the Plan permits the Employer to amend the
Plan on behalf of all participating Employers; and

         WHEREAS, the Employer desires to amend the plan to allow for the
distribution of certain accounts once a participant attains age 59 1/2; and

         WHEREAS, the Employer also desires to amend the Plan to allow for loan
repayment schedules in excess of ten years if the loan originated in the Ingles
Distribution Division Savings and Retirement Plan, formerly known as the Thomas
& Howard of Asheville, Inc. Savings and Retirement Plan, which merged into the
Ingles Plan effective September 1, 2000.

         NOW, THEREFORE, the Employer hereby amends the Plan as follows:

SECTION 5.1Q1. OF THE PLAN IS HEREBY AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

                  "A participant who has attained the age of 59 1/2 may at any
                  time thereafter withdraw any portion or all of his Qualified
                  Deferral Account, Matching Employer Contribution Account, and
                  entire Distribution Division Contribution Account.

                  A participant who has attained the age of 70 1/2 may at any
                  time thereafter withdraw any portion or all of his entire
                  Employer Contribution Account, including his Discretionary
                  Employer Contribution Account."

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SECTION 10.6F OF THE PLAN IS HEREBY AMENDED IN ITS ENTIRETY TO READ AS FOLLOWS:

                  "Each loan shall require that repayment (principal and
                  interest) be amortized in level payments, not less frequently
                  than quarterly. The period of repayment for any loan shall be
                  arrived at by mutual agreement between the Committee and the
                  Borrower. The repayment of any loan, other than a loan for the
                  purchase of the Borrower's principal residence, shall not
                  exceed five (5) years. The repayment of a new loan for the
                  purchase of the Borrower's principal residence shall not
                  exceed ten (10) years with the following exception. Each loan
                  which previously existed in the Ingles Distribution Division
                  Savings and Retirement Plan on the date it was merged into
                  this Plan shall continue to be repaid according to each loan's
                  original repayment schedule, even if that original repayment
                  schedule exceeds ten (10) years."

         IN WITNESS WHEREOF, Ingles Markets, Incorporated has caused this Sixth
Amendment to the Plan to be executed by its duly authorized officer this 29th
day of August, 2000.

                                    EMPLOYER:

                                    INGLES MARKETS, INCORPORATED

                                    By: /s/ Brenda S. Tudor
                                       ----------------------------------------
                                    Title: Vice President - Finance and
                                             Chief Financial Officer

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