Exhibit 10.43

 

MATTEL, INC.

PERSONAL INVESTMENT PLAN

FOURTH AMENDMENT TO THE OCTOBER 1, 2001 RESTATEMENT

 

W I T N E S S E T H:

 

WHEREAS, Mattel, Inc. (“Mattel”) sponsors the Mattel, Inc. Personal Investment
Plan, as amended (the “Plan”); and

 

WHEREAS, Mattel desires to amend the Plan to (i) permit in-service withdrawals
of Company Contribution Accounts, (ii) provide for the roll over of eligible
rollover distributions to the Mattel Automatic Plan, (iii) change the Company
Contributions formula and (iv) meet other current needs; and

 

WHEREAS, in Section 16.1 of the Plan, Mattel reserved the right to amend the
Plan at any time in whole or in part;

 

NOW, THEREFORE, in order to effect the foregoing, Mattel does hereby declare
that the Plan be, and it hereby is, amended as follows:

 

1. Section 2.15 is amended to read as follows:

 

2.15 Distributable Benefit.

 

“Distributable Benefit” shall mean the vested interest of a Participant in this
Plan which is determined and distributable in accordance with the provisions of
Article VIII.

 

2. The chart in Section 6.1(b) of the Plan is amended to read as follows:

 

Age as of Last Day

of Preceding Month

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  Percentage of Compensation

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Under 30   3% 30-39   4% 40-44   5% 45-49   6% 50-54   8% 55+   9%

 

3. The second sentence of Section 8.6(a) of the Plan is amended to read as
follows:

 

A withdrawal other than on account of Hardship shall be made from the
Participant’s Accounts in the following order, in each case up to the amount
available for withdrawal in such Accounts: (i) After-Tax Contributions Account;
(ii) Transfer/Rollover Account; (iii) Company Matching Account and (iv) Company
Contributions Account.

 

4. Section 8.6(e) of the Plan is amended to read as follows:

 

(e) A withdrawal from a Participant’s vested interest in his Company
Contributions Account may be made in accordance with rules of uniform
application which the Committee may from time to time prescribe; provided,

 

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however, that unless the Participant has completed an aggregate of at least
sixty (60) months of participation in this Plan and the Mattel Investment Plan,
the F-P Savings Plan, the Tyco Plan, the PrintPaks Plan or the Pleasant Plan as
of the date of withdrawal or has attained age 59-1/2 or is determined by the
Committee to have a Total and Permanent Disability, or the withdrawal is
necessary to relieve a hardship of the Participant or his family within the
meaning of Section 8.6(d) of the Plan, any withdrawal from such Company
Contributions Account shall not include amounts attributable to Company
Contributions made within the two (2) year period preceding withdrawal.

 

5. The second sentence of Section 8.8(a) of the Plan is amended by deleting the
phrase “Code Section 402(c)(8)(B)” and by substituting in lieu thereof the
phrase “Code Section 402(c)(8)(B) (including the Mattel Automatic Plan (formerly
known as the Fisher-Price Pension Plan)).”

 

6. Section 8.8 of the Plan is amended by adding the following new paragraph (h)
to the end thereof:

 

(h) Any distribution payable to a Participant (other than a distribution of
After-Tax Contributions which are not includible in income) shall be eligible
for direct rollover from the Plan to the Mattel Automatic Plan (formerly known
as the Fisher-Price Pension Plan) in accordance with the foregoing provisions of
this Section 8.8; provided that such distribution must be in cash and must be
made during a limited period established by the Committee. From and after the
date of such rollover, neither the Participant for whom the rollover is made,
nor any Beneficiary or other person claiming through or with respect to the
Participant, shall be entitled to any benefits under the Plan with respect to
the rollover amount, and all benefits with respect to the rollover amount shall
be determined solely under the provisions of the Mattel Automatic Plan (and any
successor plan) in effect from time to time. Such rollover shall be treated as a
“direct rollover” under Treas. Reg. § 1.411(d)-4, Q&A 3, and as a result, no
optional forms of benefit provided under this Plan and no other Code Section
411(d)(6) “protected benefits” (including the “separate account feature” of the
Participant’s benefit under this Plan) (as such terms are defined in Treas. Reg.
§ 1.411(d)-4, Q&A 2 & 3) will be preserved or otherwise provided under the
Mattel Automatic Plan from and after such direct rollover.

 

7. The amendments to the Plan set forth herein are contingent upon, and shall
have no legal force or effect, unless and until (a) Mattel receives a
determination from the Internal Revenue Service that the Mattel Automatic Plan
remains qualified under Section 401(a) of the Internal Revenue Code and (b) the
Senior Vice President—Human Resources of Mattel declares the Mattel Automatic
Plan to be effective in a writing executed on behalf of Mattel by said officer
that specifies the effective date for the Mattel Automatic Plan.

 

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8. Except as expressly or by necessary implication amended hereby, the Plan
shall continue in full force and effect.

 

IN WITNESS WHEREOF, Mattel has caused this instrument to be executed by its duly
authorized officer this 23rd day of December, 2003.

 

MATTEL, INC.

By:

 

/s/ William Stavro

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    William Stavro, Senior Vice President and Treasurer

 

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