FIRST AMENDMENT TO THE
RUBY TUESDAY, INC. DEFERRED COMPENSATION PLAN
TRUST AGREEMENT
THIS FIRST AMENDMENT is made as of the 10th day of June, 2002, by and
between RUBY TUESDAY, INC., a corporation organized and existing under the laws
of the State of Georgia (the "Employer"), and UMB BANK, N.A. (the "Trustee").
W I T N E S S E T H:
WHEREAS, the Employer has established that certain grantor trust (the
"Trust") for the purpose of providing a source for the payment of benefits under
the Ruby Tuesday, Inc. Deferred Compensation Plan.
WHEREAS, the Employer and the Trustee entered into that certain trust
agreement embodying the terms of the Trust pursuant to a restated indenture
effective as of June 1, 2001 (the "Trust Agreement").
WHEREAS, the parties hereto desire to amend the Trust Agreement to
reflect a change to the investment provisions of the Trust Agreement, as
described herein.
NOW, THEREFORE, the Trust Agreement is hereby amended, effective as of
June 1, 2002, by deleting Section 8(a) thereof in its entirety and by
substituting therefor the following:
"(a) Subject to any other rules and restrictions as the Employer may
prescribe from time to time or as otherwise set forth in the Plan, with respect
to amounts allocated to Accounts, each Member may (1) direct that a portion or
all of his interest in one or more of the Investment Funds be transferred to one
or more of the other Investment Funds; or (2) change his election as to the
Investment Funds in which future contributions credited on his behalf shall be
invested. The provisions of this Section are contingent upon the availability
of transfers among the Investment Funds under the terms of the investments made
by each Investment Fund. An investment direction, once given, shall be deemed
to be a continuing direction until changed."
Except as specifically amended hereby, the Trust Agreement shall remain
in full force and effect as prior to this First Amendment.
IN WITNESS WHEREOF, the parties hereto have caused this First Amendment
to be executed as of the day and year first above written.
RUBY TUESDAY, INC.:
By: /s/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇, III
Title: Chairman and Chief Executive Officer
UMB BANK, N.A.:
By: /s/ ▇▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇
Title: As agent of UMB Bank
