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EXHIBIT 10.1
AMENDMENT No. 3
to
AMETEK 401(k) PLAN FOR ACQUIRED BUSINESSES
WHEREAS, there was adopted and made effective as of May 1, 1999,
the AMETEK Retirement and Savings Plan (the "Plan"); and
WHEREAS, Section 10.1 of the Plan provides that AMETEK, Inc.
("AMETEK") may amend the Plan at any time, and from time to time; and
WHEREAS, AMETEK now desires to amend the Plan in certain respects;
NOW, THEREFORE, the Plan is hereby amended as follows:
FIRST: Section 6.4(a) of the Plan is amended to read in its
entirety as follows:
"(a) Retirement Participants. Upon a Participant's termination of
employment with the Employer on or after his Normal Retirement Age or
on account of a Disability, he shall be entitled to receive a
distribution or a direct transfer to another plan of the value of his
Accounts as soon as administratively practicable; provided that he
returns a completed benefit distribution form to the Plan
Administrator."
SECOND: Section 6.4(b) of the Plan is amended to read in its
entirety as follows:
"(b) Terminated Participants. Upon a Participant's termination of
employment, either voluntarily or involuntarily, prior to his Normal
Retirement Age (other than by reason of his death or Disability), he
shall be entitled to receive a distribution or a direct transfer to
another plan of the value of his Accounts as soon as administratively
practicable after returning a completed benefit distribution form to
the Committee provided, however that his Accounts must be distributed
no later than his Mandatory Distribution Date as determined under
Section 6.5.
Until benefits are distributed, a Participant's Accounts shall be
held and invested in accordance with Section 9.2 pursuant to the
instructions of the Former Participant."
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SECOND: The provisions of this Amendment No. 3 shall be effective
as of May 1, 2000.
IN WITNESS WHEREOF, AMETEK has caused these presents to be
executed, in its corporate name, by its duly authorized officer on this 18th day
of May, 2000.
AMETEK, Inc.
By: /s/ Donna F. Winquist
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Attest:
/s/ Kathryn E. Londra
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