Exhibit 10.24
AMENDMENT NUMBER ONE
TO THE
NEW YORK STOCK EXCHANGES, INC.
SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
WHEREAS , New York Stock Exchange, Inc. (the “Exchange”) maintains the New York
Stock Exchange, Inc. Supplemental Executive Retirement Plan, as amended and restated effective as of June 1,
1999 (the “Plan”);
WHEREAS , the Exchange may amend the Plan by action of its board of directors (the
“Board”) or a person designated by the Board; and
WHEREAS , the undersigned has been duly authorized by the Board to amend the Plan; and
WHEREAS , the undersigned desires to amend the Plan.
NOW, THEREFORE, pursuant to Section 22 of the Plan, effective July 20, 2002, the Plan is
hereby amended as follows:
1. Section 20 of the Plan is amended by adding the following paragraph at the end
thereof:
Notwithstanding the foregoing, solely with respect to a Participant who has incurred a
Termination of Employment and commenced receiving payment of Supplemental Benefits under
the Plan on or after his Retirement Date, all or a portion of the Participant’s Supplemental
Benefits may be assigned pursuant to a domestic relations order that meets all of the following
requirements:
(a) The domestic relations order must be a judgment, decree, or order (including approval
of a property settlement agreement) which (i) relates to the provision of child support,
alimony payments, or marital property rights to a spouse, former spouse, child, or other
dependent of a Participant (an “Alternate Payee”), and (ii) is made pursuant to a State
domestic relations law (including a community property law);
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(b) Except as otherwise required under the Plan, the terms of the domestic relations order
must comply with the requirements of Section 206(d)(3) of ERISA as if the SERP were
subject to such requirements;
(c) The Alternate Payee shall receive payment under the Plan of the por