SEC Contract Filing

Filing Date: 2018-07-27

Document Content:
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<TYPE>EX-10.1
<SEQUENCE>2
<FILENAME>pag-20180630ex101cc0b09.htm
<DESCRIPTION>EX-10.1
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 <font style="display:inline;"> &nbsp;&nbsp;Exhibit 10.1</font>
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 <font style="display:inline;font-weight:bold;">AMENDMENT NUMBER 2018-1</font>
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 <font style="display:inline;font-weight:bold;text-transform:uppercase;">Penske Automotive Group 401(k) Savings and Retirement Plan</font>
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 <font style="display:inline;">&nbsp;</font>
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 <font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:right"><font style="display:inline;">BY THIS AGREEMENT, Penske Automotive Group 401(k) Savings and Retirement Plan (herein referred to as the "Plan") is hereby amended as follows, effective as of July 1, 2018, except as otherwise provided herein:</font></font>
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 <font style="display:inline;">1.<font style="display:inline;;font-size: 9pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 15.6pt 0pt 0pt;"></font>The section of the Adoption Agreement entitled "CONTRIBUTION TYPES" is amended as follows: </font>
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 <font style="text-indent:0pt;margin-left:0pt; padding-right:16pt;"></font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"><font style="display:inline;"></font><font style="display:inline;text-decoration:underline;">CONTRIBUTION TYPES</font><font style="display:inline;">&nbsp;</font><font style="display:inline;font-weight:bold;">(1.12)</font><font style="display:inline;">. The selections made below should correspond with the selections made under Article III of this Adoption Agreement. </font><font style="display:inline;font-style:italic;">(If this is a frozen Plan (i.e., all contributions have ceased), choose (a) only.)</font><font style="display:inline;">: &nbsp;</font></font>
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 <font style="display:inline;font-weight:bold;">Frozen Plan.</font><font style="display:inline;">&nbsp;See Sections 3.01(J) and 11.04.</font>
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 <font style="text-indent:0pt;margin-left:0pt; padding-right:31.5pt;"><font style="display:inline;">(a)</font><font style="text-indent:0pt;margin-left:0pt; padding-right:20.5pt;text-align:left"></font><font style="display:inline;font-weight:bold;">[ &nbsp; ]</font><font style="text-indent:0pt;margin-left:0pt; padding-right:4pt;text-align:left"></font><font style="display:inline;"></font><font style="display:inline;font-weight:bold;">Contributions cease. </font><font style="display:inline;">All Contributions have ceased or will cease (Plan is frozen).</font></font>
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 <font style="display:inline;">(1)<font style="display:inline;;font-size: 9pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36.9pt 0pt 0pt;"></font></font><font style="display:inline;font-weight:bold;">[ &nbsp; ]<font style="display:inline;font-weight:bold;;font-size: 9pt;font-family:Times;text-indent:0pt;margin-left:0pt;padding:0pt 36pt 0pt 0pt;"></font></font><font style="display:inline;"></font><font style="display:inline;font-weight:bold;">Effective date of freeze:</font><font style="display:inline;">&nbsp;</font><font style="display:inline;text-decoration:underline;">&nbsp;&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; &nbsp;&nbsp;</font><font style="display:inline;"> &nbsp;[</font><font style="display:inline;font-style:italic;">Note: Effective date is optional unless this is the amendment or restatement to freeze the Plan.</font><font style="display:inline;">]</font>
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 <font style="display:inline;">[</font><font style="display:inline;font-style:italic;">Note: Elections 20 through 30 and Elections 36 through 38 do not apply to any Plan Year in which the Plan is frozen</font><font style="display:inline;">.]</font>
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 <font style="display:inline;font-weight:bold;">Contributions.</font><font style="display:inline;"> The Employer and/or Participants, in accordance with th