Amend #2 To Savings & Investment Plan & Trust

AMENDMENT NO. 2 TO THE
INTERMET CORPORATION SAVINGS AND
INVESTMENT PLAN AND TRUST


(As Amended and Restated Effective As of January 1, 1989)


This Amendment made and entered into as of this 1st day of October, 1993, by and between Intermet Corporation, a Georgia corporation (referred to as the "Employer"), and Trust Company Bank, as trustee (referred to herein as the "Trustee");


W I T N E S S E T H:


WHEREAS, the Employer previously established for the exclusive benefit of its eligible employees a profit sharing plan and trust known as the Intermet Corporation Savings and Investment Plan and Trust (the "Plan"); and


WHEREAS, the Plan has been amended from time to time; and


WHEREAS, effective October 1, 1993, the Employer adopted a special voluntary severance plan for eligible salaried employees of Intermet Foundries, Inc. and its subsidiaries, known as the 1993 Special Voluntary Severance Plan for Salaried Employees of Intermet Foundries, Inc. and Its Subsidiaries (the "1993 Special Voluntary Severance Plan"); and


WHEREAS, because Participants who elect to resign from employment under the 1993 Special Voluntary Severance Plan will cease employment with the Employer and active participation under this Plan effective as of their "Severance Date," as that term is defined in the 1993 Special Voluntary Severance Plan, the parties desire to amend the Plan to provide special provisions for


2 Participants electing to participate in the 1993 Special Voluntary Severance Plan and to clarify the Plan's provisions relating to severance pay;


NOW, THEREFORE, for and in consideration of the premises and mutual covenants contained herein, the parties hereto agree as follows:


1.


Section 2.1 is hereby amended by adding the following at the end of the present section:


"Annual Compensation shall not include any amounts paid to a
Participant or former Participant as severance pay pursuant
to any plan, program or policy of the Employer."


2.


Article III is hereby amended by adding the following new Section 3.9:


"3.9 Participation in the 1993 Special Voluntary
Severance Plan -


(a) In General - This Section shall apply only to
those Participants who are eligible for, and elect to
participate in, the 1993 Special Voluntary Severance
Plan for Salaried Employees of Intermet Foundries,
Inc. and Its Subsidiaries (the "1993 Special
...