Document:

Amendment No. 10 to the UPS Savings Plan

 Exhibit 10.3(10) 
 Execution Copy 
 AMENDMENT NUMBER TEN 
 TO THE 
 UPS SAVINGS PLAN 
 WHEREAS, 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; 
 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 provide (i) automatic enrollment for eligible employees hired, or rehired, on or after January 1, 2008 at a 3% pre-tax contribution rate and (ii) automatic pre-tax contribution increases each calendar year in 1% increments
up to a 6% maximum. 
 NOW THEREFORE, pursuant to the authority vested in the Board of Directors of United Parcel Service of America, Inc. by
Section 14.1 of the UPS Savings Plan, such plan is hereby amended, effective January 1, 2008, as follows: 
 1. Section 1.13,
Catch-Up Contributions, is hereby amended to read as follows: 
 Section 1.13 Catch-Up Contributions - means an additional
contribution to the Plan in accordance with Code § 414(v) and Section 3.1(b) or, for Puerto Rico Employees, Section 3.1(c). Effective July 30, 2007, “Catch-Up Contributions” may include Roth Contributions.

 2. The first sentence of Section 1.43, Pre-Tax Contribution, is hereby amended to read as follows: 
 means a contribution to the Plan at the election, or deemed election, of a Participant in accordance with Section 3.1, Pre-Tax Contributions,
Section 3.1A, Deemed Pre-Tax Contributions and Section 3.2A, Roth Contributions. 
 3. Section 2.2, Application to
Participate, is hereby amended to read as follows: 
 Section 2.2 Application to Participate. Each Participant who is an
Eligible Employee may enroll in the Plan by making an affirmative election to make a Pre-Tax Contribution, After-Tax Contribution, Catch-Up Contribution, Roth Contribution or a Rollover Contribution via VRU or in accordance with such other
procedures prescribed by the Committee or its designee or by being deemed to have elected a Pre-Tax Contribution under Section 3.1A. The Committee or its designee shall promptly process the Participant’s enrollment and confirm the
enrollment of such Participant and his or her elections to make contributions. 

 4. Article III, Employee Contributions, Rollover Contributions and Transfers, is hereby amended to
insert a new Section 3.1A, as follows: 
 Section 3.1A Deemed Pre-Tax Contributions. 
 (a) Deemed Election. Each Participant who is an Eligible Employee (including Eligible Employees transferred from ineligible to
Eligible Employee status) with an Employment Commencement Date, Reemployment Commencement Date, or otherwise becomes eligible to participate or resumes eligibility to participate on or after January 1, 2008, shall be deemed to have made an
election to have his or her Employer Company make Pre-Tax Contributions on his or her behalf in an amount equal to 3% of Eligible Compensation per payroll period. Notwithstanding the forgoing, a Participant shall not be deemed to have made a 3%
Pre-Tax Contribution election if such Participant makes an Affirmative Election on or after January 1, 2008 and before the Automatic Enrollment Deadline. 
 The deemed Pre-Tax Contribution payroll deduction election will be effective as soon as administratively practicable following the
Automatic Enrollment Deadline and will continue while he or she remains an Eligible Employee unless and until he or she (i) makes an Affirmative Election, (ii) has the maximum amount of Pre-Tax Contributions for such Plan Year (taking into
account the maximum Catch-Up Contributions for such Participant, if applicable) deducted, (iii) becomes ineligible to participate in the Plan or (iv) has a deemed annual increase in Pre-Tax Contributions pursuant to Section 3.1A(b).

 (b) Deemed Election Annual Increase. A Participant who is deemed to have made a Pre-Tax Contribution deferral
election pursuant to Section 3.1A(a), has not made an Affirmative Election and remains an Eligible Employee, shall also be deemed to have elected to increase his or her Pre-Tax Contributions in 1% increments in each Plan Year following the Plan
Year of automatic enrollment (described in 3.1A(a)) up to a maximum deferral rate of 6% of Eligible Compensation. The automatic annual increase will be effective in each Plan Year following the Plan Year of automatic enrollment on the first Friday
in March for Eligible Employees who are considered for a merit increase in March and on the first Friday in June for all other Eligible Employees. 
 (c) Notice of Deemed Election. Within a reasonable period following an Eligible Employee’s Employment Commencement Date, Reemployment Commencement Date or transfer from ineligible to Eligible Employee
status and before the Automatic Enrollment Deadline, the Committee shall provide each Eligible Employee with a notice informing him or her of the following: (1) his or her right to make an Affirmative Election to change the deemed percentage
(including 0%), (2) how the Pre-Tax Contributions will be invested in the absence of an Affirmative Election and his or her right to change such election, and (3) the procedures for making any such elections. The Committee shall provide
each Participant who has not made an Affirmative Election with a similar notice within a reasonable period prior to each subsequent Plan Year. 
 (d) Definitions. For purposes of this Section 3.1A, the following phrases have the following meanings: 
 Affirmative Election means an election by a Participant (i) through the regular or pinless enrollment system for the Plan to make, or not make, Pre-Tax Contributions, After-Tax Contributions, Catch-Up Contributions or Roth
Contributions or (ii) for an Affirmative Investment Election as defined in Section 7.2(b). 

 Automatic Enrollment Deadline means the
Friday immediately following the 90th day following the later of his or her (i) Employment Commencement Date, (ii) Reemployment
Commencement Date, or (iii) date of transfer into Eligible Employee status. 
 5. Section 3.1(c), Puerto Rico, is hereby
amended, effective August 22, 2007 to read as follows: 
 (c) Puerto Rico. Subject to the rules and limitations in this
Section 3 and in Section 5, except as otherwise provided, each Participant who is an Eligible Employee and who is treated by an Employer as a Puerto Rico tax resident (“Puerto Rico Employee”) may make the following
contributions:  
 (1) Pre-Tax Contributions through authorizing the pre-tax payroll deduction of: 
 (i) from 1% to 10% (in 1% increments) of his or her Eligible Compensation (excluding those items set forth in (ii) and (iii) below) for each
pay period; 
 (ii) all or a part of his or her half month bonus; 
 (iii) all or a part of his or her discretionary days pay off. 
 Notwithstanding the foregoing, a Puerto Rico Participant may not contribute total Pre-Tax Contributions under this Section 3.1(c)(1) in excess of 10%
of his or her Eligible Compensation. 
 (2) Effective August 22, 2007, each Puerto Rico Participant who will attain age 50 before the
close of the Plan Year shall be eligible to make Catch-Up Contributions in 1% increments from 1% to 10% of his or her Eligible Compensation (excluding those items set forth in Section 3.1(c)(1)(ii) and (iii)) in accordance with, and subject to
the limitations of Puerto Rico law. Catch-Up Contributions shall be treated as Pre-Tax Contributions for purposes of Sections 3.3, 3.4, 3.5, 6.2 and Article VII. Catch-Up Contributions shall be credited to a Puerto Rico Participant’s Pre-Tax
Contribution Account unless the Committee determines that such contributions (and investment gains or losses on such contributions) should be credited to a separate subaccount. 
 (3) Each Puerto Rico Employee who has an Employment Commencement Date, Reemployment Commencement Date, or otherwise becomes eligible to participate or
resumes eligibility to participate on or after January 1, 2008, shall be subject to the deemed Pre-Tax Contribution election provisions of Section 3.1A, Deemed Pre-Tax Contributions. 
 An election under this Section 3.1(a), (b) or (c) must be made via VRU or in accordance with such other procedures prescribed by the
Committee or its designee. A Participant may make an election to begin making Pre-Tax Contributions on any business day that 

 
coincides with or follows the date he or she becomes a Participant. A Participant’s initial payroll deduction contribution election will be effective
for the first pay period beginning after his or her election is processed and will continue while the Participant is an Eligible Employee until the Participant changes his or her election in accordance with Section 3.3 or suspends his or her
contributions in accordance with Section 3.4. 
 The Committee has the right at any time unilaterally to reduce prospectively the amount
or percentage of Pre-Tax Contributions elected by any Participant who is a Highly Compensated Employee or by all Highly Compensated Employees as a group if it determines that reduction is appropriate in light of the limitations under
Section 5.4. 
 6. Section 3.4(d), Leave of Absence, is amended to read as follows: 
 (d) Leave of Absence. A Participant’s Pre-Tax and After-Tax Contributions will continue to be deducted during any period of paid leave of
absence, provided he or she continues to be classified as an Eligible Employee during the leave and continues to be paid through an Employer Company payroll. However, a Participant’s Pre-Tax and After-Tax Contributions will be suspended during
any period of leave of absence if the Eligible Employee is not paid through an Employer Company payroll. Payroll deductions automatically will resume as soon as administratively practicable after the Participant’s resumption of active
employment as an Eligible Employee in accordance with the Participant’s Election (or deemed election) in effect immediately prior to his or her unpaid leave unless the Participant files an Election (1) to suspend contributions in
accordance with Section 3.4(a), or (2) to change his or her rate of contributions in accordance with Section 3.3. 
 7.
Section 7.1(b)(3) is hereby amended to revise item (ii) in such paragraph to read as follows: 
 (ii) the elective deferral
percentage selected (or deemed selected pursuant to Section 3.1A) by the Participant; 
 8. Section 7.2, Investment of
Accounts, is hereby amended to read as follows: 
 Section 7.2 Investment of Accounts. 
 (a) Investment Election. The Trustee shall invest and reinvest each Participant’s Account among the Investment Options in
accordance with the instructions provided by such Participant, which shall remain in force until altered in accordance with Sections 7.3 and 7.4. 
 Notwithstanding the foregoing, (a) a Participant shall direct the investment of any sums transferred from the QSOP to this Plan at the time of such transfer via the VRU or in accordance with such other procedures as are prescribed from
time to time by the Committee or its designee, and such investment directions shall be effective as soon as practicable following the receipt thereof; (b) a Participant may, on a form provided by the Trustee, make a separate written election
with respect to the Participant’s Rollover Contribution to have his or her Rollover Contribution invested in a manner independent of his or her other subaccounts, so long as such written election is transmitted to the Trustee at the same time
as the Rollover Contribution is made to the Plan; (c) a 

 
Participant must provide separate investment elections for his or her Roth Contribution Account and (d) a Participant may not invest the Roth
Contribution Account in a self-managed brokerage account. Such investment directions must be in increments of ten percent (10%) before July 1, 2000, and effective July 1, 2000, in increments of one percent (1%). Such investment
directions must result in the investment of one hundred percent (100%) of the directed amount. Except as set forth in Schedule 7.2 with respect to periods prior to November 23, 1998, authorizations that do not result in an allocation of
one hundred percent (100%) or are incorrect in any other respect will not be processed and the prior investment allocation shall continue in effect. Notwithstanding the foregoing, the Trustee may refuse to follow any investment
instructions that the Trustee or the Committee reasonably believes could result in a transaction prohibited under ERISA § 406 or Code § 4975 and for which there is no exemption, could generate income that would be taxable to the
Plan, would not be in accordance with the Plan or with ERISA, could cause the Trustee to maintain indicia of ownership of Plan assets outside of the United States, could jeopardize the Plan’s tax exempt status or could result in a loss to the
Plan in excess of the Participant’s Account. 
 (b) Deemed Investment Elections. If a Participant is deemed
to have made a Pre-Tax Contribution election pursuant to Section 3.1A(a), and he or she does not make an Affirmative Investment Election, his or her Pre-Tax Contributions will be invested as follows, based on the Participant’s date of
birth as reflected in the records of the plan administrator at the time of the contribution to the Trust: 
  

			
	 Investment Option
	  	 Participants Date of Birth

	 Bright Horizon Income Fund
	  	1900 - 1947
	 Bright Horizon 2010 Fund
	  	1948 - 1952
	 Bright Horizon 2015 Fund
	  	1953 - 1957
	 Bright Horizon 2020 Fund
	  	1958 - 1962
	 Bright Horizon 2025 Fund
	  	1963 - 1967
	 Bright Horizon 2030 Fund
	  	1968 - 1972
	 Bright Horizon 2035 Fund
	  	1973 - 1997
	 Bright Horizon 2040 Fund
	  	1978 - 1982
	 Bright Horizon 2040 Fund
	  	1983 - 1999

 If, for any reason, the plan administrator’s records are not correct, (a) the plan
administrator will correct the incorrect data as soon as administratively practicable after it is notified, in writing, of the error and (b) the Pre-Tax Contributions made to the Plan prior to such correction will remain invested in the
Investment Options designated by the date of birth on the plan administrator’s records at the time the Pre-Tax Contribution was made to the Plan, until such time as the Participant makes an affirmative investment election pursuant to
Section 7.2(a). The Trustee shall invest and reinvest each Participant’s Account among the Investment Options in accordance with the deemed investment elections provided by this Section 7.2(b), which shall remain in force until
altered in accordance with Sections 7.2(a), 7.3 and 7.4. For purposes of this Section 7.2 and Section 3.1A, an Affirmative Investment Election means a Participant’s election to direct his or her Account in accordance with
Section 7.2(a). 
 9. Appendix 1.23 is hereby amended to read as attached. 

 IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of America, Inc. based upon action
taken by its Board of Directors has caused this Amendment Number Ten to be adopted. 
  

					
	ATTEST:	 		 	 UNITED PARCEL SERVICE
 OF AMERICA,
INC.

			
	/s/    TERI P. MCCLURE	 		 	/s/    MICHAEL L. ESKEW
	 Teri P. McClure
 Secretary
	 		 	 Michael L. Eskew
 Chairman

			
	Date: December 17, 2007	 		 	Date: December 17, 2007

 UPS SAVINGS PLAN 
 Appendix 1.23 
 Employer Companies 
  

			
	 Business Unit/Group
	  	 Savings Plan Adoption Date

	 UPS
	  	
	 United Parcel Service of America, Inc.
	  	 January 1, 1998

	 United Parcel Service Co.
	  	 January 1, 1998

	 UPS General Services Co.
	  	 January 1, 1998

	 UPS Aviation Services, Inc.
	  	 January 1, 1998

	 UPS International General Services Co.
	  	 January 1, 1998

	 UPS Procurement Services Corporation
	  	 January 1, 1998

	 UPS Worldwide Forwarding, Inc.
	  	 January 1, 1998

	 United Parcel Service, Inc. (New York)
	  	 January 1, 1998

	 United Parcel Service, Inc. (Ohio)
	  	 January 1, 1998

	 Trailer Conditioners, Inc.
	  	 January 1, 1998

	 UPS Latin America, Inc.
	  	 January 1, 1998

	 BT Realty Holdings, Inc.
	  	 May 18, 1999

	 BT Realty Holdings II, Inc.
	  	 May 18, 1999

		
	UPS Capital Corporation	  	
	UPS Capital Corporation, Inc.	  	 May 28, 1998

	UPS Capital Insurance Agency, Inc. (Formerly Glenlake Insurance Agency, Inc.)	  	 July 29, 1998

	UPS Capital Insurance Agency, Inc. of California (Formerly Glenlake Insurance Agency, Inc. of California)	  	 August 10, 1999

	UPS Capital Business Credit (Formerly First International Bank)	  	 September 1, 2001

	UPS Capital Business Credit of New Jersey, Inc. (Formerly First International Capital Corporation of New Jersey)	  	 September 1, 2001

		
	UPS Logistics Group	  	
	UPS Logistics Group, Inc.	  	 January 1, 1998

	 UPS Supply Chain Solutions, Inc. (includes Diversified Trimodal, Inc. d/b/a Martrac, UPS Supply Chain Management
 Nevada, Inc., UPS Supply Chain Management Tristate, Inc.,
 UPS Logistics Group
Americas, Inc. which were all merged through a series of mergers 12/31/02)
	  	 January 1, 1998 (July 1, 2001 for UPS Supply
 Chain Management Tristate, Inc. , UPS Logistics
 Group Americas, Inc. and UPS Supply Chain
 Management Nevada, Inc.)

	UPS Logistics Technologies, Inc.	  	 January 1, 1998

	Worldwide Dedicated Services, Inc.	  	 January 1, 1998

	UPS Global Forwarding Services, Inc. (including Livingston Healthcare Services, Inc. merged 12/31/01)	  	 July 1, 2001

	UPS Service Parts Logistics, Inc. (Dissolved 12/31/04)	  	 July 1, 2001

	 UPSLG Puerto Rico, Inc. (Dissolved 12/31/04)
	  	 July 1, 2001

		
	UPS Aviation Technologies, Inc.	  	 January 1, 1998

	UPS Customhouse Brokerage, Inc.	  	 January 1, 1998

	UPS Full Service Brokerage, Inc.	  	 June 6, 2000

	 UPS Telecommunications, Inc. (UPS Teleservices)
	  	 July 1, 2001

	 UPS Mail Innovations, Inc. (Formerly UPS Messaging Inc.)
 UPS Mail Technologies, Inc. (Formerly Mail2000, Inc. Sold to DST Output of California, Inc. 5/29/03)
	  	 February 1, 2001

	UPS Mail Boxes Etc., Inc.	  	 April 30, 2001

	UPS Consulting, Inc. (Dissolved 8/20/07)	  	 February 8, 2001

	 Fritz Companies
 Fritz Companies, Inc. (including UPS Full Service Brokerage, Inc. merged 7/1/02)
	  	 July 1, 2001

	New Neon Company, Inc.	  	 November 1, 2001

			
	iShip, Inc.	  	 December 1, 2001

	UPS Supply Chain Solutions, Inc.	  	 January 1, 2002

	Overnite Corporation	  	 January 1, 2006

	UPS Ground Freight d/b/a UPS Freight (Formerly Overnite Transportation Company)	  	 January 1, 2006

	Motor Cargo Industries, Inc. (includes Motor Cargo which was merged 5/1/06)	  	 January 1, 2006

	Overnite Transportation Company (includes Motor Cargo Distribution Services, Inc. which was merged 5/1/06)	  	 January 1, 2006Amendment No. 11 to the UPS Qualified Stock Ownership Plan and Trust Agreement

 Exhibit 10.9(11) 
 Execution Copy 
 AMENDMENT NO. 11 
 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 shares of UPS class A common stock (“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; 
 WHEREAS, the Board of Directors and/or the Executive Committee of United Parcel Service of America, Inc. (“the Board”) reserved the right in
Section 12.1 of the Plan to amend the Plan from time to time; 
 WHEREAS, the Board desires to amend the Plan to conform the
participation requirements to those of the UPS Savings Plan and to clarify the authority to make make-up matching contributions pursuant to Internal Revenue Code § 414(u) for participants who were participants in plans that merged into the UPS
Savings Plan. 
 NOW THEREFORE, pursuant to the authority vested in the Board of Directors and/or the Executive Committee of United Parcel
Service of America, Inc. by Section 12.1 of the Plan, the Plan is hereby amended as follows: 
 1. By amending the introductory paragraph of
Section 1.43, Participation Requirement, to read as follows: 
 means effective January 1, 2003, one Hour of Service as an
Eligible Employee; 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. A “6-month Period of Service” means: 
 2. By amending Section 4.1(a)(1) to add Section 4.1(a)(1)(v), as follows: 
 (v) For each Employer Company listed in Appendix 4.1(a)(1)(E), 50% of his or her Pre-Tax Contributions that do not exceed 7% of his or her Eligible Compensation for such Plan Year. 
 3. By amending the first sentence of Section 8.10, Participant Diversification Election, effective as of January 1, 2003, to read as follows:

 Each Participant who has reached age 45 and who has completed at least 10 years of service (as described in Section 1.45, taking into
account any 

 
prior service credit with an employer identified in Appendix 1.43 from his or her most recent employment date or reemployment commencement date with such
employer) (“Qualified Participant”) may direct the Trustee as to the investment of amounts credited to his or her Employer Company Account. 
 4.
By amending Section 13.10, USERRA, effective as of January 1, 2006, to insert the following sentence at the end of such section: 
 Additionally, to the extent required under Code § 414(u), a SavingsPLUS Contribution may be made with respect to a Participant eligible to make contributions to the Savings Plan for a period of military leave from an
employer that sponsored a Merged Plan that occurred (all or in part) prior to the merger of such Merged Plan into the Savings Plan, and the amount of such SavingsPLUS Contribution for the portion of the leave that occurred prior to the merger
shall be determined under the terms of the Merged Plan as in effect during the period of the applicable leave. 
 5. By amending Appendix 1.24, Employer
Companies, effective January 1, 2006, to add Overnite Corporation, Overnite Transportation Company, Motor Cargo and Motor Cargo Distribution Services, Inc. 
 6. By amending Appendix 1.40, effective February 28, 2006, to add the Overnite Transportation Company Tax Reduction Investment Plan and the Motor Cargo Profit Sharing Plan to the list of Merged Plans. 

7. By amending Appendix 1.43, effective February 28, 2006, to add Overnite Corporation, Overnite Transportation Company, Motor Cargo and Motor Cargo Distribution
Services, Inc. to the list of companies for which prior service will be recognized. 
 8. By adding the attached Appendix 4.1(a)(1)(E). 
 IN WITNESS WHEREOF, the undersigned certify that United Parcel Service of America, Inc., based upon action by its Board of Directors on this 20 day of
December, 2005, has caused this Amendment No. 11 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
 Chairman

 UPS QUALIFIED STOCK OWNERSHIP PLAN 
 APPENDIX 4.1(a)(1)(E) 
 (Effective January 1, 2006) 
 SavingsPLUS Contribution Level = 50% of Pre-Tax Contributions 
 up to 7% of Eligible Compensation 
 Overnite Corporation 
 Overnite Transportation Company 
 Motor Cargo 
 Motor Cargo Distribution Services, Inc.

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