Document:

Exhibit 10.18

 

THIRD AMENDMENT (2012-3) TO THE

PENSION PLAN FOR EMPLOYEES OF AMPHENOL CORPORATION
 AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2011

 

Pursuant to Section 12.1 of the Pension Plan for Employees of Amphenol Corporation as amended and restated effective January 1, 2011 (the “Plan”), the Plan is hereby amended as follows:

 

1.                                      Section 16.23(a) Amphenol Salaried, Eligible Class, is amended in its entirety, to read as follows:

 

(a)  With respect to benefits described in Exhibit A:  Employment as a salaried Employee who receives a regular stated compensation other than a retirement payment, retainer or fee, at one of the following participating divisions or locations of Amphenol Corporation or another Participating Employer:

 

Spectra Strip, Hamden, Connecticut (Spectra Strip)

Amphenol RF, Danbury, Connecticut (Non Spectra Strip)

Amphenol Fiber Optic Product, Lisle, Illinois (Non Spectra Strip)

Amphenol Tuchel Electronics, Canton, MI (Non Spectra Strip)

Amphenol Interconnect Product Company, Endicott, New York (Non Spectra Strip)

Amphenol Cable on Demand (Non Spectra Strip)

Amphenol RF Severna Operations (closed division) (Non Spectra Strip)

 

Notwithstanding the foregoing, or anything herein to the contrary, Eligible Class shall exclude:

 

(i)                                     Any person in any other Eligible Class currently accruing credits under the Plan or any other defined benefit pension plan to which the Employer or any Affiliated Employer is contributing;

 

(ii)                                  Any employee whose conditions of employment are determined by collective bargaining, unless such employment shall be included in the Plan by the express terms of a collective bargaining agreement;

 

(iii)                               Any person whose employment is not for at least 1,000 Hours of Service during any Plan Year;

 

(iv)                              Any Employee of a Foreign Subsidiary if such Employee is not a citizen of the United States;

 

(v)                                 Any Employee of a Foreign Subsidiary if contributions under a funded plan of deferred compensation are provided by a person or

 

 

corporation, other than the Employer, with respect to the remuneration paid to such Employee by such Foreign Subsidiary; and

 

(vi)                              Any Employee of a Foreign Subsidiary if such Employee was not transferred by the Employer to employment with the Foreign Subsidiary directly from employment with the Employer.

 

2.                                      16.23(b) Amphenol Hourly, Eligible Class, is amended in its entirety, to read as follows:

 

(b)  With respect to benefits described in Exhibit B:  Employees employed on an hourly basis at one of the following participating division or locations of Amphenol Corporation or another Participating Employer:

 

Hourly Employees of Spectra Strip, Hamden, Connecticut (Spectra Strip Hourly Pension)

Hourly Employees of Amphenol RF Severna Operations (Teamsters Local 97) (closed division) (Non Spectra Strip Hourly Severna)

Hourly Employees of RF Danbury Employees (International Brotherhood of Electrical Works, Local 2015, AFL-CIO) (Non Spectra Strip Hourly - Danbury)

Hourly Employees of Amphenol Interconnect Products (Non Spectra Strip Hourly - Endicott)

Hourly Employees of Amphenol Cable on Demand (Non Spectra Strip Hourly - Endicott)

Hourly Employees of Amphenol Fiber Optics Products (Non Spectra Strip Hourly - Lisle)

 

Notwithstanding the foregoing, or anything herein to the contrary, Eligible Class shall exclude:

 

(i)                                     Any Employee in any other Eligible Class who is an active participant of the Plan or any plan maintained by a Participating Employer;

 

(ii)                                  Any Employee whose conditions of employment are determined by collective bargaining, unless such Employee shall be included in the Plan by the express terms of a collective bargaining agreement;

 

(iii)                               Any Employee who is not a Spectra Strip Employee whose regularly scheduled employment is for less than 1,000 Hours of Service during a Plan Year;

 

(iv)                              Any Employee of a Foreign Subsidiary if such Employee is not a citizen of the United States; and

 

 

(v)                                 Any Employee of a Foreign Subsidiary if contributions under a funded plan of deferred compensation are provided by any person or corporation, other than the Employer, with respect to the remuneration paid to such Employee by such Foreign Subsidiary; and

 

(vi)                              Any Employee of a Foreign Subsidiary if such Employee was not transferred by the Employer to employment with the Foreign Subsidiary directly from employment with the Employer.

 

3.                                      The cover page to Exhibit A, Amphenol Salaried Employees Eligible Class, is amended in its entirety to read as follows:

 

With respect to benefits described in Exhibit A:  Employment as a salaried Employee who receives a regular stated compensation other than a retirement payment, retainer or fee, at one of the following participating divisions or locations of Amphenol Corporation or another Participating Employer:

 

Spectra Strip, Hamden, Connecticut (Spectra Strip)

Amphenol RF, Danbury, Connecticut (Non Spectra Strip)

Amphenol Fiber Optic Product, Lisle, Illinois (Non Spectra Strip)

Amphenol Tuchel Electronics, Canton, MI (Non Spectra Strip)

Amphenol Interconnect Product Company, Endicott, New York (Non Spectra Strip)

Amphenol Cable on Demand (Non Spectra Strip)

Amphenol RF Severna Operations (closed division) (Non Spectra Strip)

 

Notwithstanding the foregoing, or anything herein to the contrary, Eligible Class shall exclude:

 

(i)                                     Any person in any other Eligible Class currently accruing credits under the Plan or any other defined benefit pension plan to which the Employer or any Affiliated Employer is contributing;

 

(ii)                                  Any employee whose conditions of employment are determined by collective bargaining, unless such employment shall be included in the Plan by the express terms of a collective bargaining agreement;

 

(iii)                               Any person whose employment is not for at least 1,000 Hours of Service during any Plan Year;

 

(iv)                              Any Employee of a Foreign Subsidiary if such Employee is not a citizen of the United States;

 

 

(v)                                 Any Employee of a Foreign Subsidiary if contributions under a funded plan of deferred compensation are provided by a person or corporation, other than the Employer, with respect to the remuneration paid to such Employee by such Foreign Subsidiary; and

 

(vi)                              Any Employee of a Foreign Subsidiary if such Employee was not transferred by the Employer to employment with the Foreign Subsidiary directly from employment with the Employer.

 

Note:

 

(1)                                 General.  This Exhibit constitutes (i) the text of a prior plan that was merged and consolidated with the Plan effective December 31, 1997, and (ii) subsequent amendments to the terms of the prior plan.  This document does not reflect amendments required to be made pursuant to GUST or subsequent legislation.  All such amendments have been made to the Plan document, and apply to this Exhibit.

 

(2)                                 January 1, 2007 Plan Freeze.  The Plan document has been amended, effective January 1, 2007, to cease accruals for certain Participants, and to modify certain death and disability benefits.  The amendment applies to this Exhibit.  See Sections 1.1(b) and 4.1 of the Plan document to determine the effect of this amendment on the terms of this Exhibit, including certain grandfather rules.

 

4.                                      The cover page to Exhibit B, Amphenol Hourly Employees Eligible Class, is amended in its entirety to read as follows:

 

With respect to benefits described in Exhibit B:  Employees employed on an hourly basis at one of the following participating division or locations of Amphenol Corporation or another Participating Employer:

 

Hourly Employees of Spectra Strip, Hamden, Connecticut (Spectra Strip Hourly Pension)

Hourly Employees of Amphenol RF Severna Operations (Teamsters Local 97) (closed division) (Non Spectra Strip Hourly Severna)

Hourly Employees of RF Danbury Employees (International Brotherhood of Electrical Works, Local 2015, AFL-CIO) (Non Spectra Strip Hourly - Danbury)

Hourly Employees of Amphenol Interconnect Products (Non Spectra Strip Hourly - Endicott)

Hourly Employees of Amphenol Cable on Demand (Non Spectra Strip Hourly - Endicott)

Hourly Employees of Amphenol Fiber Optics Products (Non Spectra Strip Hourly - Lisle)

 

Notwithstanding the foregoing, or anything herein to the contrary, Eligible Class shall exclude:

 

 

(i)                                     Any Employee in any other Eligible Class who is an active participant of the Plan or any plan maintained by a Participating Employer;

 

(ii)                                  Any Employee whose conditions of employment are determined by collective bargaining, unless such Employee shall be included in the Plan by the express terms of a collective bargaining agreement;

 

(iii)                               Any Employee who is not a Spectra Strip Employee whose regularly scheduled employment is for less than 1,000 Hours of Service during a Plan Year;

 

(iv)                              Any Employee of a Foreign Subsidiary if such Employee is not a citizen of the United States; and

 

(v)                                 Any Employee of a Foreign Subsidiary if contributions under a funded plan of deferred compensation are provided by any person or corporation, other than the Employer, with respect to the remuneration paid to such Employee by such Foreign Subsidiary; and

 

(vi)                              Any Employee of a Foreign Subsidiary if such Employee was not transferred by the Employer to employment with the Foreign Subsidiary directly from employment with the Employer.

 

Note:

 

This Exhibit constitutes (i) the text of a prior plan that was merged and consolidated with the Plan effective December 31, 1997, and (ii) subsequent amendments to the terms of the prior plan.  This document does not reflect amendments required to be made pursuant to GUST or subsequent legislation.  All such amendments have been made to the Plan document, and apply to this Exhibit.

 

	
 
    	
AMPHENOL   CORPORATION
    
	
 
    	
 
    
	
 
    	
 
    
	
DATED:   December 19, 2012
    	
BY:
    	
/s/   Jerome F. Monteith
    
	
 
    	
 
    	
Jerome   F. Monteith
    
	
 
    	
 
    	
Its:  Vice President, Human ResourcesExhibit 10.25

 

2013
  AMPHENOL MANAGEMENT INCENTIVE PLAN

 

I.                              Purpose

 

The purpose of the Plan is to reward eligible key employees of Amphenol Corporation and affiliated operations with performance based cash bonus payments provided certain individual, operating unit and Company goals are achieved. The Compensation Committee of the Board of Directors has approved the Plan pursuant to its authority under the 2009 Amphenol Executive Incentive Plan.

 

II.                         Eligibility

 

Key management personnel and target bonuses are as recommended by the CEO. Generally, participation includes senior management positions, corporate staff managers, general managers and their designated direct reports. Participation, target bonuses and bonus payments are as approved by the Compensation Committee.

 

III.                    Plan Components

 

Payments under the Incentive Plan are based primarily on performance against quantitative measures established at the beginning of each year. In addition, consideration will be given, when appropriate, to certain qualitative factors as further discussed below. The quantitative portion of the 2013 Management Incentive Plan is contingent upon the Company’s achievement and/or each Group’s achievement, and/or each operating unit’s achievement and/or each individual’s achievement of performance targets and/or goals. These targets and/or goals include revenue, operating income, operating cash flow, return on investment, return on sales, organic growth and contribution to EPS growth. For 2013 quantitative performance criteria are based primarily on sales and income growth in 2013 over 2012 and actual performance in 2013 as compared to 2013 budget. Performance based payments pursuant to the 2013 Management Incentive Plan may be adjusted if unusual and unanticipated market conditions materially impact the Company’s, a Group’s, an operating unit’s, or an individual’s growth and/or performance. Qualitative factors considered in establishing performance based payment pursuant to the 2013 Management Incentive Plan include the following: balance sheet management including cash flow, new market/new product positioning, operating unit and group contribution to total Company performance, other specific individual objectives impacting Company performance, customer satisfaction, cost reductions and productivity improvement and quality management.

 

IV.                     Administration

 

·                       Payments are based upon average base salary during the Plan year (new hires will be prorated accordingly if hired after February 1st of the plan year).

·                       The maximum allowable payout under the Plan is 2x the target bonus as applied to average base salary.

·                       To be eligible for the bonus payment, a participant must be an active employee on the payroll and in good standing as of December 31, 2013. Exceptions must be recommended by the CEO and be approved by the Compensation Committee.

·                       Payments are made not later than March 15th of the calendar year immediately following the Plan year. All payments are subject to the recommendation of the CEO and the approval of the Compensation Committee.

·                       The Compensation Committee will interpret and administer the Plan in a manner consistent with the 2009 Amphenol Executive Incentive Plan.

·                       The Plan is intended to be exempt from the requirements of the Section 409A of the Internal Revenue Code of 1986, as amended, and the Treasury Regulations and other applicable guidance issued thereunder (“Section 409A”) or if not exempt, to satisfy the requirements of Section 409A, and the provisions of the Plan shall be construed in a manner consistent therewith.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00213-of-00352.parquet"}]]