Exhibit 10(f)
THIRD AMENDMENT
TO THE BLACK & DECKER
SUPPLEMENTAL RETIREMENT SAVINGS PLAN
Pursuant to the powers of amendment reserved under Section 9.1 of The
Black & Decker Supplemental Retirement Savings Plan (the "Plan"), The Black &
Decker Corporation (the "Company"), hereby amends the Plan as follows, effective
as of July 20, 2000.
FIRST AND ONLY CHANGE
Section 4.5 of the Plan is amended in its entirety to read as follows:
4.5 DEEMED INVESTMENT DIRECTIONS OF PARTICIPANTS. Subject to
such limitations as may from time to time be required by law, imposed
by the Committee or contained elsewhere in the Plan, and subject to
such operating rules and procedures as may be established from time to
time by the Plan Manager, each Participant may communicate to the Plan
Manager a direction as to how his or her Plan Account should be deemed
to be invested among such categories of deemed investments as may be
made available by the Committee hereunder. The Plan Manager has
discretion to develop rules and regulations to administer such
investment elections and transfers of investments, including
establishing dollar or percentage increments of the Plan Accounts for
Participants to invest, and limits on the value of Plan Accounts that
Participants may invest in each deemed investment category or transfer
between each deemed investment category.
All amounts credited to the Participant's Account
shall be deemed to be invested in accordance with the then effective
deemed investment direction; and as of the effective date of any new
deemed investment direction, all or a portion of the Participant's
Account at that date shall be reallocated among the designated deemed
investment categories in the manner specified in the new deemed
investment direction unless and until a subsequent deemed investment
direction shall be delivered and become effective. An election
concerning deemed investment choices shall continue indefinitely as
provided in the election form or other procedure specified by the
Committee.
If the Plan Manager receives an initial or revised
deemed investment direction which it deems to be incomplete, unclear or
improper, the Participant's investment direction then in effect shall
remain in effect (or, in the case of a deficiency in an initial deemed
investment direction, the Participant shall be deemed to have delivered
no deemed investment direction) until the next Designation Date, unless
the Committee provides for, and permits the application of, corrective
action prior thereto. If the Plan Manager possesses (or is deemed to
possess as provided above) at any time directions as to the deemed
investment of less than all of a Participant's Account, the Participant
shall be deemed to have directed that the undesignated portion of the
Account be deemed to be invested in a money market, fixed income or
similar fund made available under the Plan as determined by the
Committee in its sole and absolute discretion.
Each Participant hereunder, as a condition to his or
her participation hereunder, agrees to indemnify and hold harmless the
Plan Manager, the Committee and their agents and representatives from
any losses or damages of any kind relating to the deemed investment of
the Participant's Account hereunder. Each reference in this Section to
a Participant shall be deemed to include, where applicable, a reference
to a Beneficiary.
The Plan, as amended by the foregoing change, is hereby ratified and
confirmed in all respects.
IN WITNESS WHEREOF, the Company has caused this Amendment to be
executed by its duly authorized officers on this 20th day of July, 2000.
WITNESS/ATTEST: THE BLACK & DECKER CORPORATION
______________________________ By: ________________________________
