Document:

ex_105294.htm

Exhibit 10.74

 

SECOND AMENDMENT TO THE LITTELFUSE DEFERRED COMPENSATION PLAN FOR NON-EMPLOYEE DIRECTORS

 

THIS SECOND AMENDMENT to the Littelfuse Deferred Compensation Plan for Non- Employee Directors (the "Plan") is made and entered into by Littelfuse, Inc., a corporation duly organized and existing under the laws of the State of Delaware (the "Company"), effective on the date approved by the Board of Directors of the Company ("the Board").

 

WITNESSETH

 

WHEREAS, the Board wishes to amend the Plan to more clearly set forth the mandatory six-month delay that applies to payments that are made upon a separation from service of a director who is a "specified employee" within the meaning of Section 409A of Internal Revenue Code; and

 

WHEREAS, the Board has reserved the right to amend the Plan from time to time.

 

NOW, THEREFORE, the Plan is amended to add the following new paragraph to the end of Section 4.1:

 

"Notwithstanding any provision in the Plan to the contrary, if at the time of an Eligible Director's separation from service he or she is a "specified employee" (within the meaning of that term under Code Section 409A(a)(2)(B) and determined using any identification methodology and procedure selected by the Company from time to time, or, if none, the default methodology and procedure specified under Code Section 409A), then any payment under this Plan that is considered "nonqualified deferred compensation" under Code Section 409A that is payable on account of the Eligible Director's separation from service shall be delayed until the date which is the earlier of (A) the later of the expiration of eighteen (18) months following the date the Plan was amended to add this paragraph and the expiration of six (6) months following the date of the Eligible Director's separation from service, and (B) the date of the Eligible Director's death, at which time all payments delayed pursuant to this paragraph shall be paid or reimbursed to the Eligible Director in a lump sum, and any remaining payments due under this Plan shall be paid or provided in accordance with the normal payment dates specified for them in this Plan. The above specified employee delay shall not apply to any payments that are excepted from coverage by Code Section 409A."

 

IN WITNESS WHEREOF, the undersigned duly authorized officer of the Company has executed this Amendment to evidence its approval by the Board on October 25, 2013.

 

	
			 

				
			LITTELFUSE, INC.

				
			 

			
	
			 

				
			 

				
			 

				
			 

			
	
			 

				
			By: 

				
			/s/ Ryan K. Stafford

				
			 

			
	
			 

				
			 

				
			Ryan K. Stafford

				
			 

			
	
			 

				
			 

				
			Vice President, Human Resources and General Counselex_105292.htm

Exhibit 10.75

 

FIRST amendment

to

LITTELFUSE, INC. 401(K) RETIREMENT AND SAVINGS PLAN

 

The Littelfuse, Inc. 401(k) Retirement and Savings Plan, originally effective as of January 1, 1993, as presently maintained under an amendment and restatement made effective as of January 1, 2017, is hereby amended effective as of the dates indicated below, in the following respects:

 

 

 

FIRST CHANGE

 

Effective January 1, 2018, Section 9.2l of the Adoption Agreement, Other excluded Employees, is amended to exclude interns hired after January 1, 2018 as follows:

 

	
			9.2 

				
			Covered Employees Exclude. Select available options below:

			

                                   

(Note: Persons classified by the Employer as independent contractors such that the Employer does not withhold income or employment taxes from their pay and who are recharacterized by the DOL, another agency, or a court as Employees of the Employer, are automatically excluded from coverage unless and until the Employer elects to extend coverage to such persons.)

 

	 	 	
			All Contributions

				
			Employee

				
			Matching

				
			Nonelective

				
			QNEC

				
			Safe Harbor1

			
	1.	
			Other excluded Employees2:

			Employees of SSAC, LLC; interns hired after January 1, 2018

				
			1. ☐ OR

				
			2. ☒

				
			3. ☐

				
			4. ☒

				
			5. ☒

				
			6. ☒

			

 

 

 

 

SECOND CHANGE

 

Effective February 1, 2018, Section 25.5 of the Adoption Agreement, Optional Limitations on Hardship Withdrawals is amended to provide as follows:

 

	
			25.5

				
			Optional Limitations on Hardship Withdrawals. 

			

 

	 	a.	☐	Minimum Hardship Withdrawal Amount. The minimum hardship withdrawal amount is: $____________________

	 	 	i.	☐	If less, Participant may withdraw 100% of his withdrawable interest
	 	 	 	 	 

	 	b.	☐	Suspension of Further Hardship Withdrawals. The suspension period will last ____________________ months
	 	 	 	 
	 	c.	☒	Limit Number of Hardship Withdrawals. The number of hardship withdrawals a Participant may receive during the calendar year is limited to: 2

          

 

FINAL CHANGE

 

Effective January 1, 2018, Section C.2d of the Automatic Contribution Arrangement With Optional Automatic Escalation Feature is amended to provide as follows:

 

	 	
			d.

				
			Subject to any elections in ii.. or iv. below, the automatic increase will be applied each adjustment date.

			

	 	
			i.

				
			The adjustment dates are:

			
	 	 	 

	 	 	 	A.	☐	First day of each calendar year
	 	 	 	 	 	 
	 	 	 	B.	☐	Anniversaries of the Employee's hire or rehire date

 

1

 

 

	 	 	 	C.	☒	Each April 1 to the extent at least 45 days have elapsed since the Participant's eligibility date (month/day – must be first day of month)

  

	 	
			ii.

				
			The increase will apply as soon as administratively practicable following the applicable adjustment date

			
	 	 	 
	 	 	Note: If an Eligible Employee who is subject to automatic escalation modifies the amount of his 401(k) Contributions taken into account in applying the automatic escalation provisions within 45 days of an adjustment date, notwithstanding any other provision of the Plan, his 401(k) Contributions will not be adjusted as of such adjustment date, but will be adjusted as of the immediately following adjustment date.
	 	 	 

	 	
			iii.

				
			The first increase will apply to a new Eligible Employee beginning with the first adjustment date after:

			
	 	 	 

	 	 	 	A.	☒	The date the Eligible Employee first became subject to the automatic escalation provisions
	 	 	 	 	 	 
	 	 	 	B.	☐	The close of the Plan Year in which the Eligible Employee first became subject to the automatic escalation provisions

	 	 	 	 	1.	☐	For an Eligible Employee who affirmatively elects out of the ACA, but is still subject to automatic escalation, the first increase applies beginning with the first adjustment date after the Eligible Employee would have become subject to the automatic escalation provisions but for his affirmative election
	 	 	 	 	 	 	 

	 	 	 	C.	☐	The close of the Plan Year following the Plan Year in which the Eligible Employee first became subject to the automatic escalation provisions

	 	 	 	 	1.	☐	For an Eligible Employee who affirmatively elects out of the ACA, but is still subject to automatic escalation, the first increase applies beginning with the first adjustment date after the Eligible Employee would have become subject to the automatic escalation provisions but for his affirmative election
	 	 	 	 	 	 	 

	 	iv.	☒  An Eligible Employee may elect a different adjustment date

 

 

 

*          *          *

 

 

 

EXECUTED AT Chicago, Illinois this 6th day of February, 2018.

 

 

 

	
			 

				
			Littelfuse, Inc.

			
	
			 

				
			 

			
	
			 

				
			By: /s/ Ryan K. Stafford

			
	
			 

				
			 

			
	
			 

				
			Title: Executive Vice President, Chief Legal and Human Resources Officer & Corporate Secretary

			

 

2ex_105291.htm

Exhibit 10.76

 

atra In-Plan Roth Rollover amendment

to

LITTELFUSE, INC. 401(K) RETIREMENT AND SAVINGS PLAN

 

The Littelfuse, Inc. 401(k) Retirement and Savings Plan, originally effective as of January 1, 1993, as presently maintained under an amendment and restatement made effective as of January 1, 2017, is hereby amended effective as of February 1, 2018, in the following respects:

 

FIRST CHANGE

 

Section 14.4b.iii of the Adoption Agreement is amended to provide as follows:

 

	 	iii.	☒	
			In-Plan Roth Rollover Contributions.

			
	 	 	 	 

	 	
			A.

				
			A Participant may elect to make an In-Plan Roth Rollover Contribution of any amount held in his Account (other than amounts attributable to designated Roth contributions) that is (select all that apply): 

			
	 	 	 

	 	1.	☒	
			Eligible for non-hardship withdrawal in accordance with the provisions of Section 26.

			

	 	 	 	 	 
	 	
			 

				a.	☒	
			The limitations on withdrawals specified in Section 26 (e.g., limit on number of withdrawals) do not apply to a withdrawal made for purposes of In-Plan Roth Rollover Contributions.

			
	 	 	 	 	 

	 	
			2.

				☐	
			Eligible for non-hardship withdrawal as provided below. The following withdrawal provisions apply solely for purposes of making In-Plan Roth Rollover Contributions.

			
	 	 	 	 

	 	
			 

				a.	☐	
			Withdrawal is permitted at any time from the following:

			

	 	
			 

				 	i.	☐	
			After-Tax Contributions

			
	 	 	 	ii.	☐	Rollover Contributions
	 	 	 	iii.	☐	After-Tax Rollover Contributions
	 	 	 	iv.	☐	QVECs
	 	 	 	 	 	 

	 	
			 

				b.	☐	
			Withdrawal is permitted upon reaching the specified age from the following:

			

	 	
			 

				 	i.	☐	
			After-Tax Contributions at age __________

			
	 	 	 	ii.	☐	Rollover Contributions at age __________
	 	 	 	iii.	☐	After-Tax Rollover Contributions at age __________
	 	 	 	iv.	☐	Pre-Tax 401(k) Contributions at age __________ (≥ 591⁄2)
	 	 	 	v.	☐	Safe Harbor Contributions at age __________ (≥ 591⁄2)
	 	 	 	vi.	☐	Prior Safe Harbor Contributions at age __________ (≥ 591⁄2)
	 	 	 	vii.	☐	Nonelective Contributions at age __________
	 	 	 	viii.	☐	Matching Contributions at age __________
	 	 	 	ix.	☐	Prior Nonelective Contributions at age __________
	 	 	 	x.	☐	Prior Money Purchase Pension Plan Contributions at age __________ (≥ 62)
	 	 	 	xi.	☐	Prior Matching Contributions at age __________
	 	 	 	 	 	 

	 	
			3.

				☐	
			Distributable to the Participant following severance from employment.

			

	 	 	 	 	 
	 	
			 

				a.	☐	
			A Participant who receives actual distribution from the Plan following severance may make a Participant rollover of the distributed amounts within 60 days of the distribution and it will be treated as an In-Plan Roth Rollover Contribution.

			
	 	 	 	 	 

	 	B.	
			☐

				Surviving Spouses and current or former Spouses who are alternate payees under a QDRO may make In-Plan Roth Rollover Contributions upon the same terms as Participants.

        

1

 

 

SECOND CHANGE

 

Section 24.1a of the Adoption Agreement is amended to provide as follows:

 

	
			24.1

				
			Availability 

			

 

	 	a.	☒	
			The Plan permits Participant loans. Loans are permitted with the following restrictions, as applicable: (select all that apply)

			
	 	 	 	 

	 	
			i.

				☐	
			No restrictions on Sub-Accounts available for loans

			
	 	 	 	 
	 	ii.	☒	Loans are not available from following portions of Participant's Account:
	 	 	 	 
	 	 	Note: If the Plan includes QVECs, loans may not be made from QVEC Sub-Accounts and such Sub-Accounts are not included in determining the maximum amount of a loan.
	 	 	 	 

	 	A.	☒	
			Roth 401(k) Contributions Sub-Account.

			

	 	 	 	 	 
	 	
			 

				1.	☐	
			The balance of the Roth 401(k) Contributions Sub-Account is also excluded in determining maximum permissible loan amount

			
	 	 	 	 	 

	 	
			B.

				☒	
			Other specified Sub-Accounts: Designated Roth Rollover Contributions, In-Plan Roth Rollover Contributions and Prior Roth Deferrals and After-Tax Rollover Contributions

			

	 	 	 	 	 
	 	
			 

				1.	☐	
			The balance of the other Sub-Accounts is also excluded in determining maximum permissible loan amount

			
	 	 	 	 	 

	 	iii.	☐	
			Loans are not permitted to individuals with Rollover Contributions under the Plan, but who have not met the requirements to become an Eligible Employee.

			

  

THIRD CHANGE

 

A new Addendum F, in the form attached to this amendment, is added at the end of the Adoption Agreement to implement in-plan Roth conversions in compliance with Code Section 402A(c)(4)(E), as added by the American Taxpayer Relief Act of 2012 ("ATRA") and interpreted by applicable guidance.

 

 

 

*          *          *

 

 

 

EXECUTED AT Chicago, Illinois this 6th day of February, 2018.

 

 

 

	
			 

				
			Littelfuse, Inc.

			
	
			 

				
			 

			
	
			 

				
			By: /s/ Ryan K. Stafford

			
	
			 

				
			 

			
	
			 

				
			Title: Executive Vice President, Chief Legal and Human Resources Officer & Corporate Secretary

			

 

2

 

 

Addendum F

atra in-plan roth conversions

interim compliance amendment

 

	
			F.1

				
			In-Plan Roth Rollovers of Otherwise Non-Distributable Amounts

			

 

	 	
			a.

				
			The provisions of this Addendum provide for In-Plan Roth Rollover Contributions with respect to amounts that are not otherwise distributable, as permitted under Code Section 402A(c)(4)(E), as added by the American Taxpayer Relief Act of 2012 ("ATRA") and interpreted by IRS Notice 2010-84 and IRS Notice 2013-74. This Addendum is intended to comply in good faith with the provisions of Code Section 402A(c)(4) and the applicable guidance.

			
	 	 	 

	 	 	
			Note: In-Plan Roth Rollover Contributions with respect to amounts that are otherwise distributable under the terms of the Plan are governed by the provisions of the Adoption Agreement other than this Addendum.

			
	 	 	 

	 	i.	☒	
			Subject to any elections in A., B., C., E., F., or G. below, a Participants may elect, in accordance with rules prescribed by the Administrator, to make an In-Plan Roth Rollover Contribution of vested amounts held in his Account that are not otherwise distributable in accordance with the terms of the Plan ("non-distributable amounts"). Any such election shall be irrevocable. In-Plan Roth Rollover Contributions of non-distributable amounts shall be subject to the provisions of this Addendum.

			
	 	 	 	 

	 	
			A.

				
			In-Plan Roth Rollover Contributions may be made of:

			
	 	 	 

	 	1.	☒	
			all non-distributable amounts

			
	 	 	 	 

	 	
			2.

				☐	
			only the non-distributable amounts specified below

			

	 	
			 

				 	a.	☐	
			After-Tax Contributions

			
	 	 	 	b.	☐	Rollover Contributions
	 	 	 	c.	☐	After-Tax Rollover Contributions
	 	 	 	d.	☐	Pre-Tax 401(k) Contributions
	 	 	 	e.	☐	Regular Matching Contributions
	 	 	 	f.	☐	Additional Discretionary Matching Contributions
	 	 	 	g.	☐	True-Up Matching Contributions
	 	 	 	h.	☐	Prior Matching Contributions
	 	 	 	i.	☐	Standard Nonelective Contributions
	 	 	 	j.	☐	Additional Discretionary Nonelective Contributions

 

3

 

 

	 	 	 	k.	☐	Prior Nonelective Contributions
	 	 	 	l.	☐	Safe Harbor Contributions
	 	 	 	m.	☐	Prior Safe Harbor Contributions
	 	 	 	n.	☐	Prior Money Purchase Pension Plan Contributions
	 	 	 	o.	☐	Prevailing Wage Law Contributions
	 	 	 	p.	☐	QNECs
	 	 	 	q.	☐	QMACs
	 	 	 	r.	☐	QVECs
	 	 	 	s.	☐	the following contribution sources: __________________________
	 	 	 	 	 	 

	 	B.	☒	
			Regardless of the election in A above, contributions being used as collateral for an outstanding loan balance may not be rolled over pursuant to the provisions of this Addendum

			
	 	 	 	 
	 	C.	☒	In-Plan Roth Rollover Contributions of non-distributable amounts may only be made from Sub-Accounts that are 100% vested
	 	 	 	 
	 	D.	☐	Surviving Spouses and current or former Spouses who are alternate payees under a QDRO may make In-Plan Roth Rollover Contributions of non-distributable amounts upon the same terms as Participants.
	 	 	 	 
	 	E.	☐	A Participant may not make an In-Plan Roth Rollover Contribution of less than: $__________________________

	 	 	 	 	 
	 	 	1.	☐	A Participant's simultaneous In-Plan Roth Rollover Contribution of otherwise distributable amounts is included in determining whether the above minimum is met.
	 	 	 	 	 

	 	F.	☐	A Participant's In-Plan Roth Rollover Contribution may not exceed: $__________________________ per rollover.

	 	 	 	 	 
	 	 	1.	☐	
			A Participant's simultaneous In-Plan Roth Rollover Contribution of otherwise distributable amounts is included in applying the above limitation.

			
	 	 	 	 	 

	 	G.	☐	
			The Plan limits the number of In-Plan Roth Rollover Contributions a Participant may make during a specified period.

			
	 	 	 	 
	 	 	1.	Maximum number of In-Plan Roth Rollover Contributions: __________________________
	 	 	 	 
	 	 	2.	Period over which the maximum is applied:

	 	 	 	a.	☐	each calendar month
	 	 	 	b.	☐	each Plan Year
	 	 	 	c.	☐	each calendar year
	 	 	 	d.	☐	each Plan Year quarter
	 	 	 	e.	☐	each calendar quarter
	 	 	 	f.	☐	Other period: __________________________
	 	 	 	 	 	 

	 	 	3.	☐	
			A Participant's In-Plan Roth Rollover Contributions of otherwise distributable amounts are included in applying the above limitation.

			

	 	 	 	a.	☐	
			Simultaneous rollovers of both distributable and non-distributable amounts are treated as a single In-Plan Roth Rollover Contribution for purposes of the above limitation.

			

 

4

 

 

	 	H.	
			In-Plan Roth Rollover Contributions attributable to non-distributable amounts shall be loanable and lienable to the same extent as In-Plan Roth Rollover Contributions attributable to otherwise distributable amounts.

			
	 	 	 
	 	I.	In-Plan Roth Rollover Contributions attributable to non-distributable amounts continue to be subject to the same distribution restrictions that applied prior to conversion. For example, Roth In-Plan Rollover Contributions attributable to Pre-Tax 401(k) Contributions continue to be subject to the distribution restrictions applicable to Pre-Tax 401(k) Contributions under Code Section 401(k)(2)(B) and the Plan.
	 	 	 
	 	J.	An in-Plan Roth rollover will not eliminate any Code Section 411(d)(6) protected distribution rights attributable to the amount being rolled over.

 

	
			F.1

				
			Amendment to SBJPA In-Plan Roth Rollovers of Distributable Amounts

			

 

	 	
			a.

				
			A new Section 14.4b.iii.C is added at the end of Section 14.4b.iii of the Adoption Agreement to provide as follows:

			

	 	C.	
			In-Plan Roth Rollover Contributions of withdrawable amounts may only be made from Sub-Accounts that are 100% vested. (This option has only been pre-approved for withdrawable amounts provided (i) this withdrawal limitation is selected and (ii) the withdrawal limitations are retained. This option may be selected under other conditions as a modification to the pre-approved document.)

			

 

5

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