Amendment No. 4 to the ING Americas Severance Pay Plan



 Exhibit 10.67 
 AMENDMENT NUMBER FOUR 
 TO THE ING AMERICAS SEVERANCE PAY PLAN,

 AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 2008 

WHEREAS, Section 4.2 of the ING Americas Severance Pay Plan, as amended and restated effective as of January 1, 2008
(the “Plan”) reserves to ING North America Insurance Corporation (the “Company”) the power to amend the Plan; and 
 WHEREAS, the Company desires to amend the Plan effective December 1, 2010 to modify certain sections of the Plan relating to the effect that reemployment has on the termination of severance
benefits and to otherwise amend the Plan. 
 NOW, THEREFORE, BE IT RESOLVED the Company hereby amends the Plan as
follows: 
 1. Effective December 1, 2010, Section 1.18, “Qualified Termination,” is hereby amended by adding a new
subsection (7) as follows: 
  

	 	“(7)	The Eligible Employee is not released to return to work under the STD Program, notwithstanding the fact that the Eligible Employee’s position has been
eliminated.” 

 2. Effective December 1, 2010, Section 3.6(a), “Reemployment,” is hereby amended to read
as follows: 
  

	 	“(a)	Reemployment. If a former Eligible Employee is reemployed by the Company, a Participating Employer, or an Affiliate in any capacity, including, but not limited
to part-time, full-time, regular or temporary employment, or as an independent contractor, before the end of the Severance Period, his or her Severance Benefits will cease effective as of the date of his or her reemployment. The former Eligible
Employee shall forfeit any unpaid severance benefits. The former Eligible Employee shall be required to repay any severance amounts, irrespective of how such severance amounts were paid, that are attributable to a period after which the former
Eligible Employee has been reemployed by the Company, a Participating Employer, or an Affiliate. Notwithstanding the foregoing, this paragraph shall not apply to any former Eligible Employee who as an independent contractor and before the end of the
Severance Period becomes a registered representative through ING Financial Partners, Inc. or ING Financial Advisers, LLC for the purposes of selling ING products and/or rendering investment advisory services.” 


3. Effective December 1, 2010, Section 3.8, “Death Before Payment,” is hereby amended to read as follows: 

 

	 	“3.8	 Death Before Payment. If an Eligible Employee who satisfies the requirements for benefits under this Article 3 dies after receiving notice of a
Qualified Termination and release date, but before he or she receives payment of the entire amount due him or her under this Plan, the Company or Participating Employer will pay the remaining Severance Benefits to his or




  









	 	
her surviving spouse or domestic partner, if any, or if there is no surviving spouse or domestic partner, to his or her estate, in either a lump sum or in semi-monthly payments as if the Eligible
Employee had survived until the end of the Severance Period, or if applicable, in a lump sum if the Eligible Employee was a Transferred CitiStreet Employee eligible for a payment pursuant to Section 3.5(c). All lump sum payments described in
this paragraph shall be made no later than 2-1/2 months after the date of death.” 

 4. Except as expressly amended by this
Amendment Number Four, the provisions of the Plan shall remain in full force and effect. 
 IN WITNESS WHEREOF, the
Company has caused this Amendment Number Four to be signed by its duly authorized officer effective as of the date last executed below. 
  

					
		 	ING North America Insurance Corporation
			
		 	 By:
	 	William Delahanty
		 		 	Head of HR Rewards and Operations

 Signature: /s/ William
Delahanty                    Date: 12/20/10 

  
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