Document:

Fifth Amendment to the Second Restatement

Exhibit  4.13

 FIFTH AMENDMENT 
TO THE SECOND RESTATEMENT OF THE 
MERIT MEDICAL SYSTEMS, INC. 401(k) PROFIT SHARING PLAN

This Fifth Amendment to the Second Restatement of the Merit Medical Systems, Inc. 401(k) Profit Sharing Plan (the “Plan”) is adopted by Merit Medical Systems, Inc. (the “Employer”) as principal sponsor of the Plan.

WHEREAS, the Employer maintains the Plan for the benefit of its employees and the employees of its participating subsidiaries; and

WHEREAS, on December 19, 2012, the Employer acquired all of the issued and outstanding stock of Thomas Medical Products, Inc. (“Thomas Medical”); and

WHEREAS, the Employer wishes to amend the Plan to address the participation of former Thomas Medical employees in the Plan and to grant prior service credit to Thomas Medical employees for purposes of vesting under the Plan; and

WHEREAS, the Employer has reserved the right to amend the Plan.

NOW, THEREFORE, the Plan is hereby amended as follows effective December 19, 2012: 

1.    Section 64(b) of Article I of the Plan document, the definition of “Years of Service,” is amended to add the following sentence at the end thereof:

“In the case of any person who becomes an Employee as a result of directly transferring his or her employment from Thomas Medical Properties, Inc. to Merit Medical Systems, Inc. between December 19, 2012 and March 31, 2013 (including a transfer of employment resulting from a merger of Thomas Medical Properties, Inc. with and into Merit Medical Systems, Inc.), such Employee’s Hours of Service and periods of continuous prior service with Thomas Medical Properties, Inc. immediately prior to such transfer of employment shall be considered Hours of Service and periods of service with Merit Medical Systems, Inc. in computing Years of Service.” 

2.    Article II B of the Plan document, relating to eligibility, is amended to add new subsection 3 to read as follows:

“3.    Any provision herein to the contrary notwithstanding, any person who becomes an Employee as a result of directly transferring his or her employment from Thomas Medical Properties, Inc. to Merit Medical Systems, Inc. between December 19, 2012 and March 31, 2013 (including a transfer of employment resulting from a merger of Thomas Medical Properties, Inc. with and into Merit Medical Systems, Inc.) shall be eligible to participate in the Plan commencing on the later of January 1, 2013 or the date he or she becomes an Employee of Merit Medical Systems, Inc. and shall not be required to satisfy the otherwise applicable 90-days of service requirement for Plan participation.”   

3.    Except as provided above, the Plan is hereby ratified and confirmed in all respects.

1

IN WITNESS WHEREOF, the Employer has caused this Fifth Amendment to the Second Restatement of the Plan to be executed this 28th day of December, 2012.

MERIT MEDICAL SYSTEMS, INC.

By: /s/ Rashelle Perry                 
Name: Rashelle Perry
Its: Chief Legal Officer 

2Sixth Amendment to the Second Restatement

Exhibit  4.14
 
SIXTH AMENDMENT 
TO THE SECOND RESTATEMENT OF THE 
MERIT MEDICAL SYSTEMS, INC. 401(k) PROFIT SHARING PLAN

This Sixth Amendment to the Second Restatement of the Merit Medical Systems, Inc. 401(k) Profit Sharing Plan (the “Plan”) is adopted by Merit Medical Systems, Inc. (the “Employer”) as principal sponsor of the Plan.

WHEREAS, the Employer maintains the Plan for the benefit of its employees and the employees of its participating subsidiaries; and

WHEREAS, the Employer wishes to amend the Plan to allow the use of forfeitures to pay Plan administrative expenses and modify the Plan’s definition of “Spouse,” and; 

WHEREAS, the Employer has reserved the right to amend the Plan.

NOW, THEREFORE, the Plan is hereby amended as follows effective January 1, 2013: 

1.    Article IV D of the Plan document, dealing with the allocation of Forfeitures, is amended to read in its entirety as follows effective January 1, 2013:

“D.    Forfeitures.  

1.All Forfeitures from Regular Accounts shall be: (a) first applied to pay Plan administrative expenses for the Plan Year of forfeiture or succeeding Plan Year, to the extent directed by the Administrator; (b) second, applied to reinstate previously forfeited account balances under Article V D 2 below; and (c) third, the remainder, allocated as additional Profit Sharing Contributions under Article IV C above for the Plan Year of following the Plan year of forfeiture. 
 
2.Forfeitures from Non-Qualified Matching Contribution Accounts shall be: (a) first, applied to pay Plan administrative expenses for the Plan Year of forfeiture or succeeding Plan Year, to the extent directed by the Administrator; (b) second, applied to reinstate previously forfeited account balances under Article V D 2 below; and (c) third, the remainder,  allocated as part of the Employer's Non-Qualified Matching Contribution for the Plan Year following the year of forfeiture (and in succeeding Plan Years, if necessary, until exhausted).”

2.    Section 53 of Article I of the Plan document, defining “Spouse,” is amended to read as follows:

“53.    Spouse.  For all purposes under the Plan, a Participant’s “Spouse” shall mean the person to whom a Participant is recognized as legally married under the law of the state or foreign jurisdiction in which the Participant was married, but only if such person also qualifies as the Participant’s “Spouse” for purposes of Sections 401(a)(11) and 402(c)(9) of the Code.  A Participant’s “surviving spouse” means the person who was the Participant’s Spouse immediately prior to the time of the Participant’s death.”

1

IN WITNESS WHEREOF, the Employer has caused this Sixth Amendment to the Second Restatement of the Plan to be executed this 31st day of December, 2013.

MERIT MEDICAL SYSTEMS, INC.

By: /s/ Rashelle Perry                 
Name: Rashelle Perry
Its: Chief Legal Officer 

2Eighth Amendment to the Second Restatement

Exhibit  4.15

EIGHTH AMENDMENT 
TO THE SECOND RESTATEMENT OF THE 
MERIT MEDICAL SYSTEMS, INC. 401(k) PROFIT SHARING PLAN

This Eighth Amendment to the Second Restatement of the Merit Medical Systems, Inc. 401(k) Profit Sharing Plan (the “Plan”) is adopted by Merit Medical Systems, Inc. (the “Employer”) as principal sponsor of the Plan.

WHEREAS, the Employer maintains the Plan for the benefit of its employees and the employees of its participating subsidiaries; and

WHEREAS, the Plan currently provides for the application of the ADP and ACP tests using the “prior year” method; and

WHEREAS, the Employer wishes to amend the Plan to apply the ADP and ACP tests using the “current year” testing method for Plan Years commencing on or after January 1, 2014; and

WHEREAS, the Employer has reserved the right to amend the Plan.

NOW, THEREFORE, the Plan is hereby amended as follows effective January 1, 2014:

1.The first paragraph of Article III B 4 of the Plan document, along with Article III B 4 (a) and Article III B 4 (b) (1), dealing with nondiscrimination testing of average deferrals, is amended to read in its entirety as follows effective January 1, 2014:

“4.    The following limitation (“ADP Test”) shall apply to the Plan each Plan Year.  For Plan Years beginning on or after January 1, 2014, the Plan shall apply the ADP Test using the “current year” testing method and in accordance with the requirements and limitations of Regulation Sections 1.401(k)-1(b)(1)(ii)(A) and 1.401(k)-2, the provisions of which are hereby incorporated by reference.  With respect to Plan Years ending prior to 2014, the Plan used the “prior year” testing method.

(a)The ADP for a Plan Year commencing on or after January 1, 2014 of the Participants who are Highly Compensated Employees for the Plan Year shall not exceed the greater of (1) or (2) as follows:

(1)    One hundred twenty-five percent (125%) of the ADP for the current Plan Year of all Participants who were Non-Highly Compensated Employees for the current Plan Year, or

(2)    Two hundred percent (200%) of the ADP for the current Plan Year of all Participants who were Non-Highly Compensated Employees for the current Plan Year; provided, however, that the ADP for the Plan Year for the Participants who are Highly Compensated Employees may not exceed the ADP for the current Plan Year of the Participants who were Non-Highly Compensated Employees for the Plan Year by more than two (2) percentage points.

(b)    For purposes of this Article III B 4, the following special rules shall apply:

(1)    In the event that this Plan satisfies the requirements of Sections 401(k), 401(a)(4), or 410(b) of the Code only if aggregated with one or more other Plans, or if one or more other Plans satisfy those requirements of the Code only if aggregated with this Plan, then this Article III B 4 shall be applied by determining the ADP of Employees as if all such Plans were a single plan.  Any adjustments to Non-Highly Compensated Employee ADP for the current Plan Year will be made in accordance with IRS guidance.  Plans may only be aggregated to satisfy Code Section 401(k) if they have the same Plan Year and use the same ADP testing method.”

1

2.The first paragraph of Article III B 5 of the Plan document, along with Article III B 5 (a) and Article III B 5 (c) (2), dealing with nondiscrimination testing of average contributions, is amended to read in its entirety as follows effective January 1, 2014:

“5.    The following limitation (“ACP Test”) shall apply to the Plan each Plan Year.  For Plan Years commencing on or after January 1, 2014, the Plan shall apply the ACP Test using the “current year” testing method and in accordance with the requirements and limitations of Regulation Sections 1.401(m)-1(b)(i) and 1.401(m)-2, the provisions of which are hereby incorporated by reference.  With respect to Plan Years ending prior to 2014, the Plan used the “prior year” testing method.  

(a)    The ACP for a Plan Year commencing on or after January 1, 2014 of the Participants who are Highly Compensated Employees for the Plan Year shall not exceed the greater of (1) or (2) as follows:

(1)    One hundred twenty-five percent (125%) of the ACP for the current Plan Year for the Participants who were Non-Highly Compensated Employees for such current Plan Year, or

(2)    Two hundred percent (200%) of the ACP for the current Plan Year of the Participants who were Non-Highly Compensated Employees for such current Plan Year; provided, however, that the ACP for the current Plan Year of the Participants who are current Plan Year Highly Compensated Employees may not exceed the ACP for the current Plan Year of the Participants who were Non-Highly Compensated Employees for the current Plan Year by more than two (2) percentage points.

* * *
(c)    For purposes of this Article III B 5, the following special rules apply:

* * *
(2)    In the event that this Plan satisfies the requirements of Sections 401(m), 401(a)(4) or 410(b) of the Code only if aggregated with one or more other plans, or if one or more other plans satisfy these requirements of the Code only if aggregated with this Plan, this Article III B 5 shall be applied by determining the Contribution Percentage Amounts of Employees as if all those plans were a single plan.  Any adjustments to Non-Highly Compensated Employee ACP for the current Plan Year will be made in accordance with IRS guidance.  Plans may be aggregated in order to satisfy Section 401(m) of the Code only if they have the same Plan Year, and use the same ACP Testing method.”

IN WITNESS WHEREOF, the Employer has caused this Eighth Amendment to the Second Restatement of the Plan to be executed this 29th day of December, 2014.

MERIT MEDICAL SYSTEMS, INC.

By: /s/ Rashelle Perry                 
Name: Rashelle Perry
Its: Chief Legal Officer 

2

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00248-of-00352.parquet"}]]