EXHIBIT 10(ii)(w)
AMENDMENT NO. 2
X. X. XXXXXX COMPANY, INC.
1999 SEPARATION ALLOWANCE PROGRAM
FOR
PROFIT-SHARING MANAGEMENT ASSOCIATES
WHEREAS, the Board of Directors authorized an Agreement and Plan of Merger
(the "Merger Agreement") between X. X. Xxxxxx Company, Inc. ("Company"), X. X.
Xxxxxx Holdings, Inc., a Delaware corporation ("Holdings"), and JCP Merger Sub,
Inc., a Delaware corporation and wholly-owned subsidiary of the Holdings
("Merger Sub");
WHEREAS, pursuant to the Merger Agreement, Merger Sub will merge with and
into Company, with Company surviving as a wholly-owned subsidiary of Holdings
(the "Merger");
WHEREAS, pursuant to the Merger, Holdings will amend and restate its
certificate of incorporation to inter alia change its name to "X. X. Xxxxxx
Company, Inc.";
WHEREAS, pursuant to the Merger, Company will amend and restate its
certificate of incorporation to inter alia, change its name to "X. X. Xxxxxx
Corporation, Inc.";
NOW, THEREFORE, as authorized by the Board, the X. X. Xxxxxx Company, Inc.
1999 Separation Allowance Program for Profit-Sharing Management Associates
("SAP"), as amended on September 9, 1999, be, and it hereby is, further amended,
effective as of the effective time of the Merger as set forth in the
Merger Agreement (expected to be January 27, 2002), as follows:
1. The name of the program shall be the "X. X. Xxxxxx Corporation, Inc. 1999
Separation Allowance Program".
2. The definition of "Company" in Section 2.01 is amended in its entirety to
read as follows: "Company" shall mean X. X. Xxxxxx Corporation, Inc., a
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Delaware corporation and any successor corporation.
3. All references in the definition of "Change of Control" to "Company" in
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Section 2.01 of the SAP are deleted and replaced with "Parent Company."
4. "Parent Company" is added as a defined term to Section 2.01 of the SAP, as
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follows: "Parent Company" shall mean X. X. Xxxxxx Holdings, Inc. until such
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time as it changes its name to X. X. Xxxxxx Company, Inc., at which time it
shall mean X. X. Xxxxxx Company, Inc., and any successor corporation.
In all other respects the SAP, as amended, remains unchanged and in full force
and effect.
DATED this 25th day of January 2002.
X. X. Xxxxxx Company, Inc.
/s/Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
Executive Vice President,
Secretary and General Counsel
