Document:

exv10w7xay

 

Exhibit 10.7(a)

First Amendment to the

Third Amended and Restated Severance Pay Plan

     Whereas, Sterling Chemicals, Inc. (the “Corporation”) currently maintains its
Third Amended and Restated Severance Pay Plan (as amended, the “Existing Plan”);

     Whereas, Section 4.03 of the Existing Plan authorizes and empowers the Board of
Directors of the Corporation (the “Board”) to amend the Existing Plan in certain respects;
and

     Whereas, the Board desires to amend the Existing Plan as provided in this First
Amendment to Third Amended and Restated Severance Pay Plan (this “Amendment”) and, in
furtherance of that desire, the Board has duly authorized and approved this Amendment;

     Now, Therefore, the Existing Plan is hereby amended as follows:

     Section 1. Amendment of Section 1.01 of the Existing Plan. Effective as of January 1,
2005, Section 1.01 of the Existing Plan is hereby amended by amending the definition of
“Benefit Service” contained therein to read in its entirety as follows:

     “Benefit Service” means, with respect to any Participant, (i)
the number of years of service as of December 31, 2004 which is recognized
by the Company for such Participant for benefit calculation purposes under
the Pension Plan plus (ii) the number of years of service by such
Participant with the Company during the period commencing on January 1, 2005
and ending on such Participant’s Termination Date; provided, however, that
any fractional year of Benefit Service shall be rounded up to the next full
year of Benefit Service.

     Section 2. Effect of Amendments. Except as amended and modified by this Amendment,
the Existing Plan shall continue in full force and effect. The Existing Plan and this Amendment
shall be read, taken and construed as one and the same instrument. Upon the effectiveness of this
Amendment, each reference in the Existing Plan to “this Plan” shall mean and be a reference to the
Existing Plan as amended hereby.

     Section 3. Binding Effect. This Amendment shall inure to the benefit of, and shall be
binding upon the Company, all Successors and the Participants (as such terms are defined in the
Existing Plan) and their respective heirs, executors, personal representatives, administrators,
successors and assigns.

     Section 4. Severability. Should any clause, sentence, paragraph, subsection or
Section of this Amendment be judicially declared to be invalid, unenforceable or void, such
decision will not have the effect of invalidating or voiding the remainder of this Amendment, and
the part or parts of this Amendment so held to be invalid, unenforceable or void will be

 

deemed to
have been stricken herefrom as if such stricken part or parts had never been included herein.

     Section 5. Governing Law. To The Extent Not Superseded By The Laws Of The United
States, This Amendment Shall Be Construed and Enforced in Accordance With, and the Rights
of the Parties Shall Be Governed By, the Internal Laws of the State of Texas, Without Reference to
Principles of Conflicts of Law. 

     In Witness Whereof, the Corporation has caused this Amendment to be duly executed in
its name and on its behalf by its proper officer thereunto duly
authorized on March 7, 2008.

	 	 	 	 	 
	 

	 	Sterling Chemicals, Inc.	 	 
	 
	 	 	 	 
	 

	 	
/s/ Richard K. Crump

Richard K. Crump, President and Chief
	 	 
	 

	 	     Executive Officer	 	 

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Exhibit 10.8(c)

Third Amendment to the

Sterling Chemicals, Inc.

Amended and Restated Salaried Employees’ Pension Plan

     Whereas, Sterling Chemicals, Inc. (the “Corporation”) currently maintains its
Amended and Restated Salaried Employees’ Pension Plan (as amended, the “Existing Plan”);

     Whereas, pursuant to Section 16.1 of the Existing Plan, the Corporation has the right
to amend the Existing Plan in certain respects; and

     Whereas, the Corporation, as plan sponsor, desires to, and hereby elects to, modify
the Existing Plan as provided in this Third Amendment to Amended and Restated Salaried Employees’
Pension Plan (this “Amendment”);

     Now, Therefore, the Existing Plan is hereby amended as follows:

     Section 1. Amendment of Section 11.6 of the Existing Plan. Paragraph (a) of Section
11.6 of the Existing Plan is hereby amended to read in its entirety as follows:

	 	(a)	 	An “eligible retirement plan” means, with respect to the
Participant, the Participant’s surviving Spouse or the Participant’s
Spouse or former Spouse who is the alternate payee under a qualified
domestic relations order, an individual retirement account described in
Code Section 408(a), an individual retirement annuity described in Code
Section 408(b), an annuity plan described in Code Section 403(a), a
qualified trust described in Code Section 401(a) that accepts
rollovers, an annuity contract described in Code Section 403(b) or an
eligible plan under Code Section 457(b) which is maintained by a state,
political subdivision of a state, or any agency or instrumentality of a
state or political subdivision of a state and which agrees to
separately account for amounts transferred into such plan from this
Plan. The definition of “eligible retirement plan” shall also apply in
the case of a distribution to a surviving Spouse, or to a Spouse or
former Spouse who is the alternate payee under a qualified domestic
relation order, as defined in Code Section 414(p).
	 
	 	 	 	An “eligible retirement plan” means, with respect to any other
“qualified distributee”, either an individual retirement account
described in Code Section 408(a) or an individual retirement annuity
described in Code Section 408(b); provided, however, that such
individual retirement account or individual retirement annuity must be
treated as an individual retirement account or individual retirement
annuity inherited from the deceased Participant by the

 

	 	 	 	“qualified distributee” and must be established in a manner that identifies
it as such.

     Section 2. Effect of Amendments. Except as amended and modified by this Amendment,
the Existing Plan shall continue in full force and effect. The Existing Plan and this Amendment
shall be read, taken and construed as one and the same instrument. This Amendment shall supersede
any provisions of the Existing Plan to the extent those provisions are inconsistent with the
provisions of this Amendment. Upon the effectiveness of this Amendment, each reference in the
Existing Plan to “this Plan” or “the Plan” shall mean and be a reference to the Existing Plan as
amended hereby.

     Section 3. Binding Effect. This Amendment shall inure to the benefit of, and shall be
binding upon the Employers (as defined in the Existing Plan) and their successors and assigns and
upon the participants in the Existing Plan and their respective heirs, executors, personal
representatives, administrators, successors and assigns.

     Section 4. Severability. Should any clause, sentence, paragraph, subsection or
Section of this Amendment be judicially declared to be invalid, unenforceable or void, such
decision will not have the effect of invalidating or voiding the remainder of this Amendment, and
the part or parts of this Amendment so held to be invalid, unenforceable or void will be deemed to
have been stricken herefrom as if such stricken part or parts had never been included herein.

     Section 5. Governing Law. To The Extent Not Superseded By The Laws Of The United
States, This Amendment Shall Be Construed and Enforced in Accordance With, and the Rights
of the Parties Shall Be Governed By, the Internal Laws of the State of Texas, Without Reference to
Principles of Conflicts of Law. 

     In Witness Whereof, the Corporation has caused this Amendment to be duly executed in
its name and on its behalf by its proper officer thereunto duly authorized effective as of January
1, 2007.

	 	 	 	 	 
	 

	 	Sterling Chemicals, Inc.	 	 
	 
	 	 	 	 
	 
	 	/s/
Richard K. Crump

Richard K. Crump, President and Chief
	 	 
	 

	 	     Executive Officer	 	 

-2-exv10w8xdy

 

Exhibit 10.8(d)

Fourth Amendment to the

Sterling Chemicals, Inc.

Amended and Restated Salaried Employees’ Pension Plan

     Whereas, Sterling Chemicals, Inc. (the “Corporation”) currently maintains its
Amended and Restated Salaried Employees’ Pension Plan (as amended, the “Existing Plan”);

     Whereas, pursuant to Section 16.1 of the Existing Plan, the Corporation has the right
to amend the Existing Plan in certain respects; and

     Whereas, the Corporation, as plan sponsor, desires to, and hereby elects to, modify
the Existing Plan as provided in this Fourth Amendment to Amended and Restated Salaried Employees’
Pension Plan (this “Amendment”);

     Now, Therefore, the Existing Plan is hereby amended as follows:

     Section 1. Amendment of Section 3.1 of the Existing Plan. Paragraph (b) of Section
3.1 of the Existing Plan is hereby amended to read in its entirety as follows:

	 	(b)	 	An employee who is credited with at least 1,000 Hours of
Service in the Service Computation Period that began on October 1, 1995
and ended on September 30, 1996 and in the Service Computation Period
that began on January 1, 1996, shall be credited with a year of Service
for each such Service Computation Period.

     Section 2. Effect of Amendments. Except as amended and modified by this Amendment,
the Existing Plan shall continue in full force and effect. The Existing Plan and this Amendment
shall be read, taken and construed as one and the same instrument. This Amendment shall supersede
any provisions of the Existing Plan to the extent those provisions are inconsistent with the
provisions of this Amendment. Upon the effectiveness of this Amendment, each reference in the
Existing Plan to “this Plan” or “the Plan” shall mean and be a reference to the Existing Plan as
amended hereby.

     Section 3. Binding Effect. This Amendment shall inure to the benefit of, and shall be
binding upon the Employers (as defined in the Existing Plan) and their successors and assigns and
upon the participants in the Existing Plan and their respective heirs, executors, personal
representatives, administrators, successors and assigns.

     Section 4. Severability. Should any clause, sentence, paragraph, subsection or
Section of this Amendment be judicially declared to be invalid, unenforceable or void, such
decision will not have the effect of invalidating or voiding the remainder of this Amendment, and
the part or parts of this Amendment so held to be invalid, unenforceable or void will be deemed to
have been stricken herefrom as if such stricken part or parts had never been included herein.

-v-

 

     Section 5. Governing Law. To The Extent Not Superseded By The Laws Of The United
States, This Amendment Shall Be Construed and Enforced in Accordance With, and the Rights
of the Parties Shall Be Governed By, the Internal Laws of the State of Texas, Without Reference to
Principles of Conflicts of Law. 

     In Witness Whereof, the Corporation has caused this Amendment to be duly executed in
its name and on its behalf by its proper officer thereunto duly authorized effective as of January
1, 2007.

	 	 	 	 	 
	 

	 	Sterling Chemicals, Inc.	 	 
	 
	 	 	 	 
	 

	 	/s/
Richard K. Crump

Richard K. Crump, President and Chief
	 	 
	 

	 	     Executive Officer	 	 

-v-

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