Document:

Exhibit 4.1.10

 

EXHIBIT 4.1.10

TENTH AMENDMENT TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     This Tenth Amendment is made on June 6, 2006, effective as of the 1st day of January, 2006, by
the Countywide Financial Corporation Administrative Committee For Employee Benefit Plans.

WITNESSETH:

     WHEREAS, Countrywide Financial Corporation maintains the Countrywide Financial Corporation
401(k) Savings and Investment Plan (the “Plan”), as most recently amended and restated by indenture
effective as of January 1, 1997.

     WHEREAS, the Countrywide Financial Corporation Administrative Committee For Employee Benefit
Plans (“Committee”) wishes to amend the Plan effective as of January 1, 2006 primarily to permit
in-service distributions for participants who have attained age 59-1/2.

     NOW, THEREFORE, the Committee does hereby amend the Plan, pursuant to Section 15.01 thereof,
effective as of January 1, 2006 as follows:

     By deleting Section 11.02 in its entirety and substituting therefor:

     11.02 Withdrawals After Age 59-1/2

A Participant who has attained age 59-1/2 may, in the form and manner prescribed by the
Administrator, obtain a distribution of part or all of the vested balance of his or her
Plan Account.

     IN WITNESS WHEREOF, the Committee has caused this Tenth Amendment to be executed as of the day
and year first above written.

	 	 	 
	 

	 	Countrywide Financial Corporation Administrative
	 

	 	Committee For Employee Benefit Plans

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MARSHALL M. GATES
 

     Marshall M. Gates
	 	 
	 

	 	 	 	      Senior Managing Director and	 	 
	 

	 	 	 	     Chief Administrative Officer	 	 

	 	 	 	 	 
	Attest

	 	/s/ GERARD A. HEALY
 

Gerard A. Healy
	 	 
	 

	 	Senior Vice President/Asst. General CounselExhibit 4.1.11

 

EXHIBIT 4.1.11

ELEVENTH AMENDMENT TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     This Eleventh Amendment is made on November 2, 2006, effective as of the dates specified
below, by the Countywide Financial Corporation Administrative Committee For Employee Benefit Plans.

WITNESSETH:

     WHEREAS, Countrywide Financial Corporation maintains the Countrywide Financial Corporation
401(k) Savings and Investment Plan (the “Plan”), as most recently amended and restated by indenture
effective as of January 1, 1997.

     WHEREAS, the Countrywide Financial Corporation Administrative Committee For Employee Benefit
Plans (“Committee”) wishes to amend the Plan effective as of the dates specified below.

     NOW, THEREFORE, the Committee does hereby amend the Plan, pursuant to Section 15.01 thereof,
effective as of the dates specified below, as follows:

     1. By deleting Section 5.04(a) in its entirety and by substituting therefor the following:

“5.04 Form of Contributions.

(a) Employer Discretionary Contributions to be allocated to Participants who are Employees
of the Company or a Participating Employer which is an Affiliated Company may be made, at
the discretion of the Company, in cash or in Company Stock issued by the Company or
purchased on a national securities exchange.
Employer Matching Contributions to be allocated to Participants who are Employees of the
Company or a Participating Employer which is an Affiliated Company will be made, effective
for contributions made on and after October 1, 2006 in Company Stock issued by the Company
or purchased on a national securities exchange. Limited Profit Sharing Contributions to be
allocated to Participants who are Employees of the Company or a Participating Employer
which is an Affiliated Company will be made, effective for contributions made on and after
October 1, 2006 in cash.”

2. By deleting existing subsection (ii) to Section 5.04(b) as follows:

“(ii) For contributions made on and after January 1, 2007, the value of Company
Stock which is issued by the Company for the purposes of contributing it to the
Plan shall be the closing price for the last business day of the period for which
the contribution is being made.”

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     3. By deleting Section 6.06(a) in its entirety and by substituting therefor the following:

“6.06 Correction of Excess Salary Deferral Contributions and Excess Employer Matching
Contributions.

Effective for Plan Years beginning on and after January 1, 2006, in the event that any of
the limitations set forth in Sections 6.03, 6.04, and 6.05 are exceeded for any Plan Year,
the Administrator shall take one or more (either alone or in combination) of the following
corrective actions no later than the last day of the following Plan Year:

(a) If the Salary Deferral Contributions contributed on behalf of any Highly Compensated
Employee exceed the amount permitted under the ‘actual deferral percentage’ test described
in Section 6.03 for any given Plan Year, then before the end of the Plan Year following the
Plan Year for which the excess Salary Deferral Contribution was made, the portion of the
excess Salary Deferral Contribution for the Plan Year attributable to a Highly Compensated
Employee, as adjusted in accordance with applicable Treasury Regulations to reflect income,
gain, or loss attributable to it for the Plan Year for which the test is being performed
and for the period between the end of such Plan Year and the date on which the excess
Salary Deferral Contribution is distributed to the Participant and reduced by any excess
Salary Deferral Contributions as determined pursuant to Section 6.02 previously distributed
to a Participant for the Participant’s taxable year ending with or within the Plan Year,
may be distributed to the Highly Compensated Employee. The amount of a Participant’s
excess Salary Deferral Contributions shall be determined in accordance with Section
401(k)(8)(b) of the Code and the regulations thereunder. Such excess shall be distributed
beginning with the Highly Compensated Employee with the largest Salary Deferral
Contribution percentage amount and continuing in descending order until the excess Salary
Deferral Contributions have been distributed.

The income, gain, or loss allocable to such excess Salary Deferral Contributions shall be
determined in a similar manner as described in Section 7.02 or in any other manner
permitted by applicable Treasury Regulations. The amount of the excess Salary Deferral
Contributions to be distributed shall be reduced by the amount of any Salary Deferral
Contributions previously distributed for the taxable year ending in the same Plan Year, and
shall also be reduced by the amount of any Salary Deferral Contributions previously
distributed for the Plan Year beginning in such taxable year. The portion of the Employer
Matching Contribution on which such excess Salary Deferral Contribution was based shall be
forfeited upon the distribution of such excess Salary Deferral Contribution.

Notwithstanding the foregoing, if the Plan satisfies the actual deferral percentage test
through correction by distribution of excess Salary Deferral Contributions for any Plan
Year, any excess Salary Deferral Contributions attributable to a Highly Compensated
Employee who is eligible to make catch-up contributions pursuant

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to Section 4.01(b), subject to the limitations of Code Section 414(v), shall be retained in
the Plan and treated as catch-up contributions under the Plan. To the extent that the
excess Salary Deferral Contributions would exceed the applicable dollar amount specified in
Code Section 414(v), as adjusted, such amount shall be distributed in accordance with
Section 6.02(b).”

     4. By deleting Section 6.06(c) in its entirety and by substituting therefor the following:

“(c) Effective for Plan Years beginning on and after January 1, 2006, to the extent
permitted under the Code and applicable Treasury Regulations, within twelve (12) months
after the close of a Plan Year (or within such greater time if permitted by the Internal
Revenue Service), the Participating Employer, in its sole discretion, may make QNECs on
behalf of all or one-half (the half with the lowest contribution percentages) of the
Non-highly Compensated Employees who are employed on the last day of the Plan Year to be
allocated to their QNEC Accounts in an amount sufficient to satisfy one or both of the
tests set forth in Sections 6.03 and 6.04. For any such Plan Year, the Administrator shall
designate whether QNECs contributed by a Participating Employer are to be used to satisfy
the test under Section 6.03 or under Section 6.04 or, if both, the portion of QNECs to be
applied towards satisfaction of each test. The allocation of QNECs to eligible
Participants who are Non-highly Compensated Employees with respect to either the test under
Section 6.03 or the test under Section 6.04 shall be equal to the Participant’s
Compensation multiplied by a uniform percentage not to exceed the greater of five percent
(5%) or two (2) times the Plan’s ‘representative contribution rate’, as defined under
Treasury Regulation Section 1.401(k)-2(a)(6)(iv)(B).”

     5. By amending Section 8.03 to add a new subsection (e) as follows:

“(e) Effective October 17, 2006, Participants may direct the investment of Employer
Matching Contributions or other Employer Contributions that are made to the Employer
Contribution Account in Company Stock, whether or not such contributions have vested in
accordance with Section 9.02.”

     6. By deleting Section 8.04(c) in its entirety and by substituting therefor the following:

“(c) Effective December 1, 2006, a Participant’s investment direction of any Salary
Deferral Contributions or Rollover Contributions into Company Stock may not exceed 50
percent (50%) of such Contributions.. A Participant may change his investment election
with respect to existing investments in Company Stock in his or her Account, provided that
at the time of such change, including exchanges from other available investment options,
the value of the Participant’s investment in Company Stock shall not exceed fifty percent
(50%) of the total value of the Account. In the event that the value of the Participant’s
investment in Company Stock exceeds fifty percent (50%) of the total value of the Account,
he or she may

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not exchange out of other existing investment options into Company Stock until the
investment in Company Stock no longer exceeds fifty percent (50%) of the total value of the
Account.

     7. By deleting Section 11.01(a) in its entirety and by substituting therefor the following:

“11.01 Financial Hardship.

Upon evidence of “hardship” satisfactory to the Administrator, a Participant may, in the
form and manner prescribed by the Administrator, withdraw in cash that part of the balance
in his or her Salary Deferral Contribution Account (but excluding any income allocable to
Salary Deferral Contributions) which the Administrator determines is needed by the
Participant on account of such hardship. For this purpose, “hardship” shall mean immediate
and heavy financial need of the Participant that cannot be met by other reasonably
available financial resources of the Participant. The Administrator’s determination as to
whether a hardship exists and the amount necessary to be distributed in the event of such
hardship shall be made in accordance with the following rules:

(a) Effective for Plan Years beginning on and after January 1, 2006, the determination of
whether an immediate and heavy financial need exists shall be made in the Administrator’s
discretion (which shall be exercised in a uniform and nondiscriminatory manner). , Such
financial need is limited to:

(i) Expenses for (or necessary to obtain) medical care that would be deductible
under section 213(a) (determined without regard to whether the expenses exceed 7.5%
of adjusted gross income);

(ii) Costs directly related to the purchase of a principal residence for the
employee (excluding mortgage payments);

(iii) Payment of tuition, related educational fees, and room and board expenses,
for up to the next 12 months of post-secondary education for the employee, or the
employee’s spouse, children, or dependents (as defined in section 152, and, for
taxable years beginning on or after January 1, 2005, without regard to section
152(b)(1), (b)(2) and (d)(1)(B));

(iv) Payments necessary to prevent the eviction of the employee from the employee’s
principal residence or foreclosure on the mortgage on that residence;

(v) Payments for burial or funeral expenses for the employee’s deceased parent,
spouse, children or dependents (as defined in section 152, and, for taxable years
beginning on or after January 1, 2005, without regard to section 152(d)(1)(B)); or

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(vi) Expenses for the repair of damage to the employee’s principal residence that
would qualify for the casualty deduction under section 165 (determined without
regard to whether the loss exceeds 10% of adjusted gross income).

(vii) Any other contingency determined by the Internal Revenue Service to
constitute an ‘immediate and heavy financial need’ within the meaning of Treasury
Regulations Section 1.401(k)-1(d).”

     8. By deleting Section 11.01(c)(iv) effective January 1, 2002.

     9. By amending Section 14.01 in its entirety and substituting therefor:

“14.01 Administrator

The Countrywide Financial Corporation Administrative Committee For Employee Benefit Plans
shall be the “Administrator” of the Plan within the meaning of Section 3(16)(A) of ERISA.
The Investment Committee of Employee Benefit Plans is delegated responsibility for the
selection of Investment Funds and monitoring performance of the Investment Funds and is a
“Named Fiduciary” for purposes of Section 402(a)(2) of ERISA.”

     10. By deleting Appendix B, entitled “Rules Applying to Participant Loans” in its entirety,
effective January 1, 2006.

     IN WITNESS WHEREOF, the Committee has caused this Eleventh Amendment to be executed as of the
day and year first above written.

	 	 	 
	 

	 	Countrywide Financial Corporation Administrative
	 

	 	Committee For Employee Benefit Plans

	 	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MARSHALL M. GATES
 

     Marshall M. Gates
	 	 
	 

	 	 	 	     Senior Managing Director and	 	 
	 

	 	 	 	      Chief Administrative Officer	 	 

	 	 	 	 	 
	Attest

	 	/s/ GERARD A. HEALY
 

  Gerard A. Healy
	 	 
	 

	 	  Senior Vice President/Asst. General Counsel	 	 

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