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EXHIBIT 10.126
SEVENTH AMENDMENT
TO THE
SMART & FINAL
SUPPLEMENTAL DEFERRED COMPENSATION PLAN
The Smart & Final Supplemental Deferred Compensation Plan (the "Plan") is
hereby amended, effective as of May 16, 2000, as follows:
1. Section 2.24 of the Plan is amended to read as follows:
2.24 "Qualified 401(k) Plan" means the plan qualified under
Section 401(k) of the Code which is sponsored by the Employer.
2. The title of Article IV of the Plan is amended to read "ADDITIONAL
CONTRIBUTIONS".
3. Section 4.5 is added to the Plan to read as follows:
4.5 In the event that an Eligible Associate is participating in
another nonqualified deferred compensation plan or arrangement
sponsored by an Employer (other than this Plan), such Eligible
Associate may elect at such time, and under such procedures, as shall
be determined by the Committee from time to time to transfer all or
his or her entire balance in such other plan or arrangement to this
Plan. In addition, at the same time that the Committee permits such
transfer, the Eligible Associate may also elect to have all future
amounts of deferred compensation that would be credited to the other
plan or arrangement credited to this Plan. The Eligible Associate
shall be treated as a Participant (whether or not previously a
Participant), and all such amounts shall be credited to his or her
Account. The other plan or arrangement shall continue in effect, but
shall be relieved of liability to the Eligible Associate to the extent
that balances or future deferred compensation are credited to this
Plan.
4. Section 4.6 is added to the Plan to read as follows:
4.6 With respect to each Plan Year, the Company shall allocate
to each Participant an amount, if any, equal to such Participant's
lost deferral contributions under the Qualified 401(k) Plan
attributable solely to the reduction in his deferrals in order to
comply with Section 401(k)(3) of the Code, provided that the
Participant is employed by the Employer on the date of such
allocation. Such allocation shall be made as of the first day of
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the month in which the Employer returns such excess 401(k)
contribution to the Participant, or limits the Participant's deferrals
under the Qualified 401(k) Plan to avoid the creation of such excess,
and the Participant's cash compensation shall be correspondingly
reduced.
5. Section 4.7 is added to the Plan to read as follows:
4.7 At the request of the Company, the Committee may approve
additional contributions by the Company for specific Participants for
any Plan Year in its discretion.
IN WITNESS WHEREOF, this Seventh Amendment has been executed by duly authorized
persons, as of the effective date written above.
SMART & FINAL, INC.
By: /s/ Donald G. Alvarado By: /s/ Richard N. Phegley
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Title: Senior Vice President Title: Vice President &
and Secretary Treasurer
