EX-10 9 ex10-s.txt EXHIBIT 10(S) FIRST AMENDMENT TO THE EXECUTIVE SUPPLEMENTAL RETIREMENT INCOME AGREEMENT FOR JOANNE HERB For and in consideration of the premises, the Bank (as defined in the referenced Agreement) and Joanne Herb (the "Executive") agree as follows: Paragraph 1 of Exhibit A to the Agreement is modified as follows: 1. Interest Factor - for purposes of: a. the Accrued Benefit Account - shall be seven percent (7%) per annum, compounded monthly. Paragraph 3 of Exhibit A to the Agreement is modified as follows: 3. Supplemental Retirement Income Benefit means an actuarially determined annual amount equal to Forty-One Thousand Eight Hundred and Eighty-Four ($41,884) at age 65 if paid entirely from the Accrued Benefit Account or Twenty-Six Thousand Eight Hundred and Six ($26,806) at age 65 if paid from the Retirement Income Trust Fund. Paragraph 4 of Exhibit A to the Agreement is deleted and the following is substituted in its stead in order to correctly set forth the Schedule of Annual Gross Contribution/Phantom Contributions:
Plan Year Amount --------- ------ 1997 $4,482 1998 5,227 1999 6,063 2000 7,003 2001 9,762 2002 11,054 2003 12,483 2004 14,060 2005 15,799 2006 17,717 2007 19,830 2008 22,155 2009 24,713 2010 27,525 2011 30,614 2012 34,006 2013 37,729 2014 41,812 2015 46,288
IN WITNESS WHEREOF, the Bank, the Holding Company and the Executive have caused this Amendment to be executed on this, the 10th day of January, 2001. ATTEST: UNITED NATIONAL BANK: /s/ Ralph L. Straw, Jr. By: /s/ Donald W. Malwitz ---------------------------------- -------------------------------- Secretary EVP & CFO ----------------------------------- (Title) ATTEST: UNITED NATIONAL BANCORP /s/ Ralph L. Straw, Jr. By: /s/ Donald W. Malwitz ---------------------------------- -------------------------------- Secretary VP & TREASURER ----------------------------------- (Title) WITNESS: EXECUTIVE: /s/ Cynthia L. Gorawski /s/ Joanne J. Herb ---------------------------------- ----------------------------------- 2