AGCO amends exec non-qualified defined contribution plan; expands eligibility, sets contribution tiers 6%-15%

AGCO CORP /DE

Amendment effective Jan 1, 2025; expands eligibility to US-based VP, SVP+ roles.
Former ENPP participants become plan participants after ENPP freeze Dec 31, 2024.
Contribution rates: 6% (new VPs), 8% (grandfathered VPs and former ENPP), 10% (SVP+), 8% (CAO), 15% (CEO).
Disability definition aligned with company's LTD plan; separate disability claims procedures eliminated.
Provides prior vesting credit for former ENPP participants.

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