Executive Deferred Compensation Plan [Amendment] - Albertson's Inc.
AMENDMENT
to the
ALBERTSON'S, INC.
EXECUTIVE DEFERRED COMPENSATION PLAN
This Amendment is made by Albertson's, Inc., a Delaware corporation (the
"Corporation").
RECITALS:
A. The Corporation established the Albertson's, Inc. Executive Deferred
Compensation Plan effective December 5, 1983 (the "Plan");
B. The Corporation, pursuant to Section 8.01 of the Plan, retained the
right to amend the Plan and Section 8.01 provides that the Plan may be amended
by the Corporation so long as such amendments are non-monetary in their effect
and do not materially alter plan benefits; pursuant to resolutions duly adopted
by the Board of Directors of the Corporation, the Grantor Trust Committee of the
Board of Directors was granted the authority to amend the Plans; and the
Committee has been granted the authority to amend the Plans by the Grantor Trust
Committee so long as such amendments do not materially alter benefits;
C. The Committee has determined that it is advisable to amend the Plan in
the manner hereinafter set forth and that such amendment does not materially
alter benefits.
AMENDMENT
The Plan is amended, as of December 15, 1998, in the following respects:
Subsection 6.04(d) of the Plan shall be deleted and the following
language shall be substituted in its place:
(d) The Participant may modify the form of the distribution of
all or part of the Participant's Deferred Benefit Account,
provided that such modification is made on a validly executed
and filed election form before the end of the calendar year
which ends at least twelve (12) months prior to the date on
which any distribution of the Participant's Deferred Benefit
Account shall have commenced.
IN WITNESS WHEREOF, this instrument has been duly executed by the
undersigned as of December 15, 1998.
ALBERTSON'S, INC.
By: /s/ Thomas R. Saldin
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Thomas R. Saldin
Executive Vice President,
Administration and General Counsel