Document:

Amendment 29 to Retirement Plan

 Exhibit 10.3 
  
 EXECUTION COPY 
  
 AMENDMENT NO. 29 
  
 TO THE 
  
 UPS
RETIREMENT PLAN 
  
 WHEREAS, United Parcel Service of America,
Inc. (“UPS”) and its affiliated corporations established the UPS Retirement Plan (“Plan”) for the benefit of its employees, in order to provide benefits to those employees upon their retirement, disability, or death, effective as
of September 1, 1961; and 
  
 WHEREAS, the Plan, as adopted and
amended from time to time, was amended and restated in its entirety, effective as of January 1, 1976 to comply with the Employee Retirement Income Security Act of 1974; and 
  
 WHEREAS, the Plan has been amended on a number of occasions since January 1, 1976, the most recent being Amendment No. 28;
and 
  
 WHEREAS, this amendment to the Plan is adopted to account
for certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 by providing that the automatic cash-out provisions of the Plan are limited to vested accrued benefits, the present value of which is less than $1,000.

  
 NOW THEREFORE, pursuant to the authority vested in the Board
of Directors by Section 7.1 of the Plan, the UPS Retirement Plan is hereby amended as follows: 
  
 1. Section 5.3(g), Cash-Out of Benefits, is hereby amended effective as of March 1, 2005 by adding the following new sentence immediately following the first sentence to read as follows: 
  
 Provided however, that if the Present Value of such benefit is $1,000 or greater, no such
payment shall be made after March 1, 2005. 
  
 2. Section 5.5(e), Qualified
Joint and Survivor (Husband and Wife) Preretirement Survivor Benefit, is hereby amended effective March 1, 2005 by adding the following new sentence immediately following the first sentence to read as follows: 
  
 Provided however, that if the Present Value of such benefit is $1,000 or greater, no such
payment shall be made after March 1, 2005. 
  
 3. Except as otherwise provided,
this amendment shall be effective as of March 1, 2005. 
  

 4. Except as amended herein, the Plan as in effect before this Amendment No. 29 shall remain in full force and effect.

  
 IN WITNESS WHEREOF, the undersigned certify that United Parcel
Service of America, Inc. based upon action by its Board of Directors on this 21st day of March, 2005, has caused
this Amendment No. 29 to be adopted. 
  

					
	 ATTEST:
	 	 	 	 UNITED PARCEL SERVICE OF AMERICA, INC.

			
	/s/    ALLEN E. HILL        	 	 	 	/s/    MICHAEL L. ESKEW        
	 Allen E. Hill
 Secretary
	 	 	 	 Michael L. Eskew
 ChairmanAmendment 3 to Savings Plan

 Exhibit 10.4 
  
 EXECUTION COPY 
  
 AMENDMENT NUMBER THREE 
  
 TO THE 
  
 UPS
SAVINGS PLAN 
  
 WHEREAS, The United Parcel Service of America,
Inc. (the “Company”) and its affiliated corporations maintain the UPS Savings Plan (the “Plan”) as amended and restated effective January 1, 1998; and 
  
 WHEREAS, the Board of Directors of the Company reserved the right in Section 14.1 of the Plan to amend, modify or change the
Plan from time to time; and 
  
 WHEREAS, this amendment to the
Plan is adopted to (1) account for certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 by providing that the automatic cash-out provisions of the Plan are limited to vested accrued benefits, the present value of which
is less than $1,000, (2) allow employees of Menlo Worldwide Forwarding, Inc. to roll over as many as three outstanding Hardship Loans, and (3) revise the participation requirements to permit immediate eligibility. 
  
 NOW THEREFORE, pursuant to the authority vested in the Board of Directors,
the UPS Savings Plan is hereby further amended to reflect the following changes: 
  
 1. Section 1.36, Participation Requirement, is hereby amended, effective January 1, 2003, to revise the first sentence of such Section to read as follows: 
  
 Section 1.36 Participation Requirement – means from May 1, 2000 to December 31, 2002, a 6-month Period of Service and, before
May 1, 2000, a 1-year Period of Service. 
  
 2. Section 2.1, General, is
amended, effective January 1, 2003, to read as follows: 
  
 Section 2.1
General. Effective prior to January 1, 2003, each Eligible Employee will become a Participant on the Entry Date coinciding with or immediately following the date he or she has completed the Participation Requirement. Effective on or after
January 1, 2003, each Eligible Employee will become a Participant on the Entry Date coinciding with or immediately following his or her completion of an Hour of Service as an Eligible Employee. However, an Eligible Employee hired before January 1,
2003 will become a Participant on January 4, 2003. 
  
 3. Section 9.2,
Separation From Service, is hereby amended effective March 28, 2005 by adding the following new sentence at the end of that Section to read as follows: 
  

Provided however, effective March 28, 2005, a lump sum payment will automatically be made to a Participant as soon as practicable, without his or her consent, if the
sum of the value of his or her Account and the value of his or her account under the QSOP is less than $1,000. 
  

 4. Section 10.1(a), Hardship Loans, is hereby amended effective as of January 1, 2005 by adding the following new
sentence immediately following the third sentence to read as follows: 
  
 Notwithstanding the immediately preceding sentence, Subject to Section 10.2, Participants who are employees of Menlo Worldwide Forwarding, Inc. may have up to three loans “rolled over” at the time of they become an Eligible
Employee. 
  
 4. Except as otherwise provided, this amendment shall be effective
as of March 28, 2005. 
  
 5. Except as amended herein, the Plan as in effect
before this Amendment Number Three shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of America, Inc., based upon action by its Board of Directors on this 21st day of March, 2005, has caused this Amendment No. Three to be adopted. 
  

					
	 ATTEST:
	 	 	 	 UNITED PARCEL SERVICE OF AMERICA, INC.

			
	/s/    ALLEN HILL        	 	 	 	/s/    MICHAEL L. ESKEW         
	 Allen Hill
 Secretary
	 	 	 	 Michael L. Eskew
 ChairmanAmendment 10 to Qualified Stock Ownership Plan

 Exhibit 10.5 
  
 Execution Copy 
  
 AMENDMENT NO. 10 
  
 TO THE 
  
 UPS
QUALIFIED STOCK OWNERSHIP PLAN 
 AND TRUST AGREEMENT 
  

WHEREAS, United Parcel Service of America, Inc. and certain of its affiliated companies established the UPS Qualified Stock Ownership Plan and Trust
(“Plan”) effective as of January 1, 1998 to provide their eligible employees with a matching contribution invested in the common stock of UPS (“UPS Stock”) and to permit eligible employees to transfer amounts from the UPS Savings
Plan to the Plan for the Purpose of investing in UPS Stock; and 
  
 WHEREAS, this amendment to the Plan is adopted to account for certain provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 by providing that the automatic cash-out provisions of the Plan are limited to vested accrued
benefits, the present value of which is less than $1,000; 
  
 NOW
THEREFORE, pursuant to the authority vested in the Board by Section 12.1 of the Plan, the Plan is hereby amended as follows: 
  
 1. Section 8.2, Separation from Service, is hereby amended effective March 28, 2005 by adding the following new sentence at the end of that Section to read as
follows: 
  
 Provided however, effective March 28, 2005, a lump sum payment will
automatically be made to a Participant as soon as practicable, without his or her consent, if the sum of the value of his or her Account and the value of his or her account under the Savings Plan is less than $1,000. 
  
 2. Except as otherwise provided, this amendment shall be effective as of March 28, 2005.

  
 3. Except as amended herein, the Plan as in effect before this Amendment No.
10 shall remain in full force and effect. 
  
 IN WITNESS WHEREOF,
the undersigned certify that United Parcel Service of America, Inc., based upon action by its Board of Directors on this 21st day of March, 2005, has caused this Amendment No. 10 to be adopted. 
  

					
	 ATTEST:
	 	 	 	 UNITED PARCEL SERVICE OF AMERICA, INC.

			
	/s/    ALLEN HILL        	 	 	 	/s/    MICHAEL L. ESKEW        
	 Allen Hill
 Secretary
	 	 	 	 Michael L. Eskew
 ChairmanAmendment 27 to Pension Plan

 Exhibit 10.6 
  
 EXECUTION COPY 
  
 AMENDMENT NO. 27 
  
 TO THE 
  
 UPS
PENSION PLAN 
  
 WHEREAS, United Parcel Service of America, Inc.
(“UPS”) and its affiliated corporations established effective as of January 1, 1973, the UPS Pension Plan for the benefit of their eligible employees; and 
  
 WHEREAS, the UPS Pension Plan, as adopted and amended from time to time, was amended and restated in its entirety, effective
as of January 1, 1976, to comply with the Employee Retirement Income Security Act of 1974; and 
  
 WHEREAS, the UPS Pension Plan has been amended on a number of occasions since January 1, 1976, the most recent being Amendment No. 26; and 
  
 WHEREAS, this amendment to the UPS Pension Plan is adopted to account for certain provisions of the Economic Growth and Tax
Relief Reconciliation Act of 2001 by providing that the automatic cash-out provisions of the UPS Pension Plan are limited to vested accrued benefits, the present value of which is less than $1,000. 
  
 NOW THEREFORE, pursuant to the authority vested in the Board of Directors by
Section 10.1 of the Plan, the UPS Pension Plan is hereby further amended to reflect the following changes: 
  
 1. Section 4.13(a), In General, is hereby amended effective for benefits paid after March 1, 2005 by adding the following new sentence at the end of the very last paragraph in that Section to read as follows:

  
 Provided however, that if the Present Value of such benefit is $1,000 or
greater, no such payment shall be made after March 1, 2005. 
  
 2. Section
4.14(e)(1) is hereby amended effective for benefits paid after March 1, 2005 by adding the following new sentence at the very end of the very last paragraph in that Section to read as follows: 
  
 Provided however, that if the Present Value of such benefit is $1,000 or greater, no such
payment shall be made after March 1, 2005. 
  
 3. Section 4.11 of Benefit Schedule
K of Exhibit I is hereby amended effective for benefits paid after March 1, 2005 by adding the following new sentence immediately following the first sentence of the first paragraph of that Section to read as follows: 
  
 Provided however, that if the Present Value of such benefit is $1,000 or greater, no such
payment shall be made after March 1, 2005. 
  

 4. Except as otherwise provided, this amendment shall be effective as of March 1, 2005. 
  
 5. Except as amended herein, the UPS Pension Plan as in effect before this Amendment No. 27
shall remain in full force and effect. 
  
 IN WITNESS WHEREOF, the
undersigned certify that United Parcel Service of America, Inc., based upon action by its Board of Directors on this 21st day of March, 2005, has caused this Amendment No. 27 to be adopted. 
  

					
	 ATTEST:
	 	 	 	 UNITED PARCEL SERVICE OF AMERICA, INC.

			
	/s/    ALLEN HILL        	 	 	 	/s/    MICHAEL L. ESKEW        
	 Allen Hill
 Secretary
	 	 	 	 Michael L. Eskew
 Chairman

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00084-of-00352.parquet"}]]