Document:

Exhibit
10.42

FIRST AMENDMENT (2002-1) TO THE

PENSION
PLAN FOR EMPLOYEES OF AMPHENOL CORPORATION

AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2002

1.                                      PREAMBLE

The Plan is hereby amended to reflect certain
provisions of the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”),
certain other recent regulatory guidance and the name change of a subsidiary of
Amphenol Corporation.  This amendment is
intended as good faith compliance with the requirements of EGTRRA and is to be
construed in accordance with EGTRRA and guidance issued thereunder.  Except as otherwise provided, this amendment
shall be effective as of January 1, 2002. 
This amendment shall supersede the provisions of the Plan to the extent
those provisions are inconsistent with the provisions of this amendment.

2.                                      LIMITATIONS
ON BENEFITS.

(a)                                  Effective
date.  This section shall be
effective for limitation years ending after December 31, 2001.

(b)                                 Effect
on participants.  Benefit increases
resulting from the increase in the limitations of section 415(b) of the Code
will be provided to all employees participating in the Plan who have one hour
of service on or after January 1, 2002.

(c)                                  Definitions.

(i)                                     Defined
benefit dollar limitation.  The “defined
benefit dollar limitation” is $160,000, as adjusted, effective January 1 of
each year, under section 415(d) of the Code in such manner as the Secretary
shall prescribe, and payable in the form of a straight life annuity.  A limitation as adjusted under section 415(d)
will apply to limitation years ending with or within the calendar year for
which the adjustment applies.

(ii)                                  Maximum
permissible benefit:  The “maximum
permissible benefit” is the lesser of the defined benefit dollar limitation or
the defined benefit compensation limitation (both adjusted where required, as
provided in (A) and, if applicable, in (B) or (C) below).

(A)                              If
the participant has fewer than 10 years of participation in the plan, the
defined benefit dollar limitation shall be multiplied by a fraction, (i) the
numerator of which is the number of years (or part thereof) of participation in
the plan and (ii) the denominator of which is 10.  In the

case of a participant who has fewer than 10 years of
service with the employer, the defined benefit compensation limitation shall be
multiplied by a fraction, (i) the numerator of which is the number of years (or
part thereof) of service with the employer and (ii) the denominator of which is
10.

(B)                                If
the benefit of a participant begins prior to age 62, the defined benefit dollar
limitation applicable to the participant at such earlier age is an annual
benefit payable in the form of a straight life annuity beginning at the earlier
age that is the actuarial equivalent of the defined benefit dollar limitation
applicable to the participant at age 62 (adjusted under (A) above, if
required).  The defined benefit dollar
limitation applicable at an age prior to age 62 is determined as the lesser of
(i) the actuarial equivalent (at such age) of the defined benefit dollar
limitation computed using the interest rate and mortality table (or other
tabular factor) specified in the plan and (ii) the actuarial equivalent (at
such age) of the defined benefit dollar limitation computed using a 5 percent
interest rate and the applicable mortality table as defined in the plan.  Any decrease in the defined benefit dollar
limitation determined in accordance with this paragraph (B) shall not reflect a
mortality decrement if benefits are not forfeited upon the death of the
participant.  If any benefits are forfeited
upon death, the full mortality decrement is taken into account.

(C)                                If
the benefit of a participant begins after the participant attains age 65, the
defined benefit dollar limitation applicable to the participant at the later
age is the annual benefit payable in the form of a straight life annuity
beginning at the later age that is actuarially equivalent to the defined
benefit dollar limitation applicable to the participant at age 65 (adjusted
under (A) above, if required).  The
actuarial equivalent of the defined benefit dollar limitation applicable at an
age after age 65 is determined as (i) the lesser of the actuarial equivalent
(at such age) of the defined benefit dollar limitation computed using the
interest rate and mortality table (or other tabular factor) specified in the
plan and (ii) the actuarial equivalent (at such age) of the defined benefit
dollar limitation computed using a 5 percent interest rate assumption and the
applicable mortality table as defined in the plan.  For these purposes, mortality between age 65
and the age at which benefits commence shall be ignored.

3.                                      INCREASE
IN COMPENSATION LIMIT

(a)                                  Effective
on participants.  This section shall
apply only to participants with one hour of service on or after January 1,
2002.

(b)                                 Increase
in limit.  The annual compensation of
each participant taken into account in determining benefit accruals in any plan
year beginning after December 31, 2001, shall

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not exceed $200,000.  Annual
compensation means compensation during the plan year or such other consecutive
12-month period over which compensation is otherwise determined under the plan
(the “determination period”).  For
purposes of determining benefit accruals in a plan year beginning after
December 31, 2001, compensation for any prior determination period shall be
limited to $200,000.

(c)                                  Cost-of-living
adjustment.  The $200,000 limit on
annual compensation in Section 3(b) shall be adjusted for cost-of-living
increases in accordance with section 401(a)(17)(B) of the Code.  The cost-of-living adjustment in effect for a
calendar year applies to annual compensation for the determination period that
begins with or within such calendar year.

4.                                      MODIFICATION
OF TOP-HEAVY RULES

(a)                                  Effective
date.  This section shall apply for
purposes of determining whether the plan is a top-heavy plan under section
416(g) of the Code for plan years beginning after December 31, 2001, and
whether the plan satisfies the minimum benefits requirements of section 416(c)
of the Code for such years.  This section
amends the top-heavy provisions of the plan.

(b)                                 Determination
of top-heavy status.

(i)                                     Key
employee.  Key employee means any
employee or former employee (including any deceased employee) who at any time
during the plan year that includes the determination date was an officer of the
employer having annual compensation greater than $130,000 (as adjusted under
section 416(i)(1) of the Code for plan years beginning after December 31,
2002), a 5-percent owner of the employer, or a 1-percent owner of the employer
having annual compensation of more than $150,000.  For this purpose, annual compensation means
compensation within the meaning of section 415(c)(3) of the Code.  The determination of who is a key employee
will be made in accordance with section 416(i)(1) of the Code and the
applicable regulations and other guidance of general applicability issued
thereunder.

(ii)                                  Determination
of present values and amounts.  This
section 4(b)(ii) shall apply for the purposes of determining the present values
of accrued benefits and the amounts of account balances of employees as of the
determination date.

(A)                              Distributions
during year ending on the determination date.  The present values of accrued benefits and
the amounts of account balances of an employee as of the determination date
shall be increased by the distributions made with respect to the employee under
the plan and any plan aggregated with the plan under section 416(g)(2) of the
Code during the 1-year period ending on the determination date.  The preceding sentence shall also apply to
distributions under a terminated plan which, had it not been terminated, would
have been aggregated with the plan under section 416(g)(2)(A)(i) of the
Code.  In the case of a distribution

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made for a reason other than separation from service,
death, or disability, this provision shall be applied by substituting “5-year
period” for “1-year period.”

(B)                                Employees
not performing services during year ending on the determination date.  The accrued benefits and accounts of any
individual who has not performed services for the employer during the 1-year
period ending on the determination date shall not be taken into account.

(c)                                  Minimum
benefits.  For purposes of satisfying
the minimum benefit requirements of section 416(c)(1) of the Code and the plan,
                   in determining
years of service with the employer, any service with the employer shall be
disregarded to the extent that such service occurs during a plan year when the
plan benefits (within the meaning of section 410(b) of the Code) no key employee
or former key employee.

5.                                      DIRECT
ROLLOVERS OF PLAN DISTRIBUTIONS

(a)                                  Effective
date.  This section shall apply to
distributions made after December 31, 2001.

(b)                                 Modification
of definition of eligible retirement plan. 
For purposes of the direct rollover provisions in the plan, an eligible
retirement plan shall also mean an annuity contract described in section 403(b)
of the Code and an eligible plan under section 457(b) of the Code 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 section 414(p) of the Code.

(c)                                  Modification
of definition of eligible rollover distribution to include after-tax employee
contributions.  For purposes of the
direct rollover provisions in the plan, a portion of a distribution shall not
fail to be an eligible rollover distribution merely because the portion
consists of after-tax employee contributions which are not includible in gross
income.  However, such portion may be
paid only to an individual retirement account or annuity described in section
408(a) or (b) of the Code, or to a qualified defined contribution plan
described in section 401(a) or 403(a) of the Code that agrees to separately
account for amounts so transferred, including separately accounting for the
portion of such distribution which is includible in gross income and the
portion of such distribution which is not so includible.

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6.                                      MORTALITY
TABLE

(a)                                  Effective
date.  This section shall apply to
distributions with annuity starting dates on or after December 31, 2002.

(b)                                 Applicable
mortality table.  Notwithstanding any
other plan provisions to the contrary, the applicable mortality table used for
purposes of adjusting any benefit or limitation under section 415(b)(2)(B),
(C), or (D) of the Code as set forth in the plan and the applicable mortality
table used for purposes of satisfying the requirements of section 417(e) of the
Code as set forth in the plan is the table prescribed in Rev. Rul. 2001-62.

7.                                      DEEMED
SECTION 125 COMPENSATION

Notwithstanding any provision of the Plan to the
contrary, compensation shall not be reduced by Elective Deferrals or by salary
reduction amounts contributed to any cafeteria plan of the Employer under
Sections 125 (including, effective for Plan
Years beginning after December 31, 1997, deemed Section 125 amounts not
available to a Participant in cash in lieu of group health coverage because the
Participant is unable to certify that he or she has other health coverage) or
132(f) of the Code, or by any salary reduction amounts pursuant to Section
402(g)(3) of the Code.

8.                                      AMPHENOL CONNEX CORPORATION

(a)                                  Effective
date.  The following provisions are
effective January 1, 2003 to reflect the name change of a subsidiary of
Amphenol Corporation.

(b)                                 The
last paragraph of Section 16.23(a) of the Plan is amended in its entirety as
follows:

Without limitation, Sine Systems*Pyle Connections
Corporation, Amphenol T&M Antennas, Inc., Advanced Circuit Technology, Inc.
and Amphenol Connex Corporation are not Participating Employers, and Amphenol
Aerospace Operations and Amphenol Assemble Tech are not participating divisions
or locations of Amphenol Corporation.

(c)                                  The
last paragraph of Section 16.23(b) is amended in its entirety as follows:

Without limitation, Sine Systems*Pyle Connections
Corporation, Amphenol T&M Antennas, Inc., Advanced Circuit Technology, Inc.
and Amphenol Connex Corporation are not Participating Employers, and Amphenol
Aerospace Operations and Amphenol Assemble Tech are not participating divisions
or locations of Amphenol Corporation.

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(d)                                 The
last paragraph of Section (a) of the cover sheet to Exhibit A, Eligible Class,
is amended in its entirety as follows:

Without limitation, Sine Systems*Pyle Connections
Corporation, Amphenol T&M Antennas, Inc., Advanced Circuit Technology, Inc.
and Amphenol Connex Corporation are not Participating Employers, and Amphenol
Aerospace Operations and Amphenol Assemble Tech are not participating divisions
or locations of Amphenol Corporation.

(e)                                  The
last paragraph of Section (a) of the cover sheet to Exhibit B, Eligible Class,
is amended in its entirety as follows:

Without limitation, Sine Systems*Pyle Connections
Corporation, Amphenol T&M Antennas, Inc., Advanced Circuit Technology, Inc.
and Amphenol Connex Corporation are not Participating Employers, and Amphenol
Aerospace Operations and Amphenol Assemble Tech are not participating divisions
or locations of Amphenol Corporation.

	
  

  	
   

  	
  AMPHENOL CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  BY:

  	
  /s/ Edward C. Wetmore

  
	
   

  	
   

  	
   

  	
  Edward C. Wetmore

  
	
   

  	
   

  	
   

  	
  Its:  Secretary and General Counsel

  
						

 

 6Exhibit 10.43

SECOND AMENDMENT (2003-1) TO THE

PENSION
PLAN FOR EMPLOYEES OF AMPHENOL CORPORATION

AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2002

Pursuant to
Section 12.1 of the Pension Plan for Employees of Amphenol Corporation as
amended and restated effective January 1, 2002 (the “Plan”), the Plan is hereby
amended as follows:

MAIN PLAN DOCUMENT

1.             Article V, Code Section 415 Limitations on Benefits, is restated in its
entirety as follows:

5.1           Incorporation
by Reference:

(a)                                  Notwithstanding
the foregoing, the Plan will at all times comply with the limitations,
adjustments and other requirements prescribed by Code Section 415 and the
Regulations thereunder, the terms of which are specifically incorporated herein
by reference.

(b)                                 Notwithstanding
anything in this Article to the contrary, the maximum Annual Benefit for any
Participant in a defined benefit plan in existence on July 1, 1982, shall not
be less than the “protected current accrued benefit”, payable annually,
provided for under question T-3 of Internal Revenue Notice 83-10.

(c)                                  Notwithstanding
anything in this Article to the contrary, if the Plan was in existence on May
6, 1986, and had complied at all times with the requirements of Code Section
415, the maximum Annual Benefit for any individual who is a Participant as of
the first day of the Limitation Year beginning after December 31, 1986, shall
not be less than the Current Accrued Benefit. 
“Current Accrued Benefit” shall mean a Participant’s Accrued Benefit
under the Plan, determined as if the Participant had separated from service as
of the close of the last Limitation Year beginning before January 1, 1987, when
expressed as an Annual Benefit within the meaning of Code Section
415(b)(2).  In determining the amount of
a Participant’s Current Accrued Benefit, the following shall be
disregarded:  (1) any change in the terms
and conditions of the Plan after May 5, 1986; and (2) any cost of living
adjustment occurring after May 5, 1986.

EXHIBIT A

2.                                       A
new second sentence is added to the first paragraph of Section 16.12 of Exhibit
A as follows:

16.12                     Break in
Service:  For eligibility purposes, a
12-consecutive month period (computation period) during which the Participant
does not complete more than 500 Hours of Service with the Employer.

3.                                       Section
16.51 of Exhibit A is restated in its entirety as follows:

16.51                     Period of Severance:  A continuous period of time of at least
twelve (12) months during which the Employee does not perform an Hour of
Service for the Employer.  Such period
begins on the date the Employee retires, quits or is discharged, or if earlier,
the twelve (12) month anniversary of the date on which the Employee was
otherwise first absent from service.

4.                                       The
first paragraph of Section 16.80 of Exhibit A is restated in its entirety as
follows:

16.80                     Year of Vesting Service:  The total of an Employee’s Years of Service,
subject to the Break in Service rules set forth in Section 6.5.  If an Employee terminates employment and is
rehired by the Employer, including an Affiliated Employer, prior to incurring a
Break in Service, the termination of employment shall not be deemed a
termination of employment for purposes of determining Years of Vesting Service.

EXHIBIT B

5.             A new Section 1.1A is
added to Exhibit B as follows:

1.1A.                    Service Computation Period:  For purposes of determining Years of
Eligibility Service and Breaks in Service for purposes of eligibility, the
initial eligibility computation period is the 12-consecutive month period
beginning on the Employee’s Employment Commencement Date.

The succeeding 12-consecutive month periods commence with the first
anniversary of the Employee’s Employment Commencement Date.

6.                                       Section
6.3 of Exhibit B is restated in its entirety as follows:

6.3                                 Service
Computation Period:  For vesting
purposes.  Years of Vesting Service and
Breaks in Service will be measured by reference to the 12 consecutive month
period commencing on the Employee’s Employment Commencement Date. Each
subsequent 12 consecutive month period will commence on the anniversary of such
date.

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7.             A new sentence is
added to the first paragraph of Section 16.11 of Exhibit B as follows:

16.11       Break in Service:  For eligibility purposes, a 12-consecutive
month period (computation period) during which the Participant does not
complete more than 500 Hours of Service with the Employer.

EXHIBIT C

8.             The first paragraph
of Section 16.92 of Exhibit C is restated in its entirety as follows:

16.92       Year of Vesting Service:  The total of an Employee’s Years of Service
is determined on an elapsed time basis. 
An Employee shall be credited with a Year of Vesting Service, subject to
the Break in Service rules set forth in Section 6.5, only for complete Years of
Service consisting of 365 days.  If an
Employee terminates employment and is rehired by the Employer, including an
Affiliate, prior to incurring a Break in Service, the termination of employment
shall not be deemed a termination of employment for purposes of determining
Years of Vesting Service.

EXHIBIT E

9.             A new Subsection
4.1(c) is added to Exhibit E as follows:

(c)                                  Effect
of Increase in Social Security Benefit Levels or Wage Base.  In the case of a Participant or Beneficiary
who is receiving benefits under the Plan, or in the case of a Participant who
is separated from service and who has non-forfeitable rights to benefits, such
benefits shall not decrease by reason of any increase in the benefit levels
payable under title II of the Social Security Act or any increase in the wage
base under such title II, if such increase takes place after September 2, 1974,
or (if later) the earlier of the date of first receipt of such benefits or the
date of such separation, as the case may be.

EXHIBIT G

10.           A new Subsection 4.1(f)
is added to Exhibit G as follows:

(f)                                    Effect
of Increase in Social Security Benefit Levels or Wage Base.  In the case of a Participant or Beneficiary
who is receiving benefits under the Plan, or in the case of a Participant who
is separated from service and who has non-forfeitable rights to benefits, such
benefits shall not decrease by reason of any increase in the benefit levels
payable under title II of the Social Security Act or any increase in the wage
base under such title II, if such increase takes place after September 2, 1974,
or (if later) the earlier of the date of first receipt of such benefits or the
date of such separation, as the case may be.

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  AMPHENOL CORPORATION

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
  BY: 

  	
  /s/ Edward C. Wetmore

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
  Edward C. Wetmore

  	
   

  
	
   

  	
   

  	
   

  	
  Its:  Secretary and General Counsel

  

 

 4

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