Attached files
file | filename |
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10-Q - 10-Q - BANCORP RHODE ISLAND INC | c16466e10vq.htm |
EX-31.1 - EXHIBIT 31.1 - BANCORP RHODE ISLAND INC | c16466exv31w1.htm |
EX-32.1 - EXHIBIT 32.1 - BANCORP RHODE ISLAND INC | c16466exv32w1.htm |
EX-32.2 - EXHIBIT 32.2 - BANCORP RHODE ISLAND INC | c16466exv32w2.htm |
EX-31.2 - EXHIBIT 31.2 - BANCORP RHODE ISLAND INC | c16466exv31w2.htm |
Exhibit 10.6(c)
BANK RHODE ISLAND
AMENDMENT NO. 3
TO
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
AMENDED AND RESTATED
AMENDED AND RESTATED
WHEREAS, under Article VIII of the Plan, the Compensation Committee may amend the Plan at any
time, provided that such amendment shall not reduce the vested benefit of any Participant or amend
Section 6.1 or 6.2 of the Plan without the consent of all Participants who have vested benefits
under the Plan; and
WHEREAS, the appropriate regulatory agencies have stated that the actuarial assumptions used
in the Plan must appropriately reflect changes in market interest rates and current mortality
assumptions; and
WHEREAS, the Compensation Committee has reviewed the assumptions currently provided for in
Schedule D to the BANK RHODE ISLAND SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, as amended and restated
and has determined that the assumptions should be revised.
NOW, THEREFORE, the Plan is amended as follows:
1. That the assumptions set for in Schedule D shall be:
Mortality: 2001VBT Mortality Table
Interest: 5.75%
2. All other provisions of the Plan shall remain in full force and effect and are hereby
ratified, approved and confirmed.
IN WITNESS WHEREOF, the Bank has caused this Amendment No. 3 to the Supplemental Executive
Retirement Plan, as amended and restated, to be executed by its duly authorized officer as of the
1st day of January, 2011.
BANK RHODE ISLAND |
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By: | /s/ John R. Berger | |||
John R. Berger, | ||||
Chairman of the Compensation Committee |
Attest: |
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/s/ Margaret D. Farrell
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