Document:

exv4w6

 

EXHIBIT 4.6

THIRD AMENDMENT

TO

GATX CORPORATION

HOURLY EMPLOYEES RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective as of January 1, 1997)

     By virtue and in exercise of the amending authority reserved to GATX Corporation (the
“Company”) by the provisions of subsection 13.1 of the GATX Corporation Hourly Employees Retirement
Savings Plan (the “Plan”), and pursuant to the authority delegated to the undersigned officer of
the Company by its Board of Directors, the Plan is amended, effective as of May 1, 2003, in the
following particulars:

     1. By substituting the following for subsection 6.1 of the Plan:

     “6.1. Investment Funds. The Review Committee shall establish, and cause the Trustee
to maintain, the following ‘Investment Funds’ for the investment of Participants’ Accounts:

	 	(a)	 	a GATX Stock Fund which shall be invested in the common stock of GATX
Corporation;
	 
	 	(b)	 	a ‘Loan Fund,’ which shall consist only of promissory notes or other evidence
of loans made to Participants in accordance with subsection 10.1; and
	 
	 	(c)	 	three or more other Investment Funds designated by the Review Committee.

The Review Committee, in its sole discretion, from time to time may eliminate a particular
Investment Fund (other than the GATX Stock Fund and the Loan Fund), or add a new Investment Fund,
and may establish such rules and procedures as it deems appropriate for the orderly transfer and
investment of funds held under a discontinued Investment Fund to one or more of the other
Investment Funds then maintained under the Plan.”

     2. By substituting the following for subsections 6.3 and 6.4 of the Plan:

     “6.3. Investment Fund Elections. At the time that a Participant enrolls in the Plan,
and as of any subsequent dates that the Benefits Committee in its discretion determines, each
Participant, at such time and in such form as the Benefits Committee may require, may specify the
percentage of contributions subsequently credited to his Accounts that are to be invested in each
of the Investment Funds (other than the Loan Fund); provided, however, that any Matching
Contributions and Qualified Matching Contributions credited as of a date prior to the second
anniversary of the Participant’s date of hire or during any period thereafter for which the
Participant has not provided proper direction with respect to the investment of Matching
Contributions and Qualified Matching Contributions shall be invested in the GATX Stock Fund.

     “6.4. Transfers Between Investment Funds. In accordance with such uniform rules and
procedures as the Benefits Committee may from time to time establish, a Participant may elect to
transfer all or any portion of the value of his Accounts held in any Investment Fund (other than
the Loan Fund) to any other Investment Fund (other than the Loan Fund) then made available to such
Participant; provided, however, that no amounts attributable to either Matching

 

 

Contributions or Qualified Matching Contributions may be transferred from the GATX Stock Fund
to any other Investment Fund before the second anniversary of the Participant’s date of hire.”

     3. By substituting the following for subsection 12.9 of the Plan:

     “12.9. Indemnification. To the maximum extent permitted by law, each member of the
Committees and any officer, director or employee of an Employer who is (or who is asserted to be) a
fiduciary with respect to the Plan shall be indemnified and defended by the Employers against any
and all liabilities, losses, costs and expenses (including legal fees and expenses) of whatsoever
kind and nature which may be imposed on, incurred by or asserted against such person by reason of
such person’s action or failure to act with respect to the Plan or the Trust; provided, however,
that any such person shall be obligated to return any amount paid to or on his account under this
subsection 12.9 upon the rendering of a final nonappealable judgment by a court of competent
jurisdiction that such person acted dishonestly or in willful violation of the law or regulation
under which such liability, loss, cost or expense arises.”

     IN WITNESS WHEREOF,
the undersigned officer has set his hand this 22 day of December,
2003.

	 	 	 	 	 	 	 
	 	 	GATX CORPORATION	 	 
	 
	 	 	 	 	 	 
	 
	 	By:	 	/s/ R. Ciancio
 
	 	 
	 
	 	Its:	 	Vice President	 	 
	 

	 	 	 	 	 	 

2exv4w7

 

EXHIBIT 4.7

FOURTH AMENDMENT

TO

GATX CORPORATION

HOURLY EMPLOYEES RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective as of January 1, 1997)

     By virtue and in exercise
of the amending authority reserved to GATX Corporation by the
provisions of subsection 13.1 of GATX Corporation Hourly Employees Retirement Savings Plan (the
“Plan”), and pursuant to the authority delegated to the undersigned, the Plan is hereby amended,
effective as of
July 25, 2003, in the following particulars:

	 	1.	 	By substituting “the Retirement Funds Investment Committee (the “Investment
Committee”)” for “the Retirements Funds Review Committee (the “Review Committee”)”
where the latter phrase appears in subsection 1.3 of the Plan.
	 
	 	2.	 	By substituting “Investment Committee” for “Review Committee” each place that
term appears in subsections 1.3, 6.1 and 11.9, Section 12, and Appendix I of the Plan.

     IN WITNESS WHEREOF,
the undersigned has executed this amendment this 22 day
of December, 2003.

	 	 	 	 	 	 	 
	 

	 	GATX CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ R. Ciancio
 

	 	 
	 

	 	Its:	 	Vice Presidentexv4w8

 

EXHIBIT 4.8

FIFTH AMENDMENT

TO

GATX CORPORATION

HOURLY EMPLOYEES RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective as of January 1, 1997)

     By virtue and in exercise of the amending authority reserved to the undersigned officer of
GATX Corporation (the “Company”) by the provisions of subsection 13.1 of the GATX Corporation
Hourly Employees Retirement Savings Plan (the “Plan”), the Plan is amended, effective as of January
1, 2003, in the following particulars:

     1. By substituting the following for subsection 11.3 of the Plan:

     “11.3. Limits on Commencement and Duration of Distribution. The following provisions
are intended to conform the distribution provisions of the Plan to the requirements of sections
401(a)(9) and 401(a)(14) of the Code and to the regulations thereunder, including the minimum
incidental benefit requirement of section 401(a)(9)(G) of the Code, and such provisions of law
shall supersede any provisions of the Plan inconsistent with such requirements:

	 	(a)	 	Unless a Participant elects otherwise in accordance with paragraph 11.1(c),
distribution shall commence no later than 60 days after the close of the Plan Year in
which the later of the following events occurs: the Participant’s attainment of age 65
or the Participant’s Termination Date.
	 
	 	(b)	 	The entire value of a Participant’s Accounts shall be distributed in one of the
optional forms available to the Participant no later than his “Required Beginning
Date,” that is, April 1 of the calendar year following the calendar year in which he
(i) attains age 701/2 ; or (ii) terminates from the employ of all the Employers and
Related Companies, whichever is later; provided, however, that distribution shall be
made under clause (i) in the case of (A) a Participant who is a 5% or more owner (as
described in section 416 of the Code) during the Plan Year ending in the calendar year
in which he attains age 701/2 and (B) any Participant who attains age 701/2 after December
31, 1987 and before January 1, 1997 (other than a Participant who attains age 701/2
during 1996 and who is still employed by an Employer or Related Company on December 31,
1996).
	 
	 	(c)	 	Minimum required distributions (within the meaning of section 401(a)(9) of the
Code) for calendar years after 2002 (including minimum required distributions with
respect to Participants whose Termination Date and Distribution Date occur before
January 1, 2003) shall be governed by the provisions of Supplement D to the Plan.”

     2. By adding the following new supplement to the Plan to follow immediately after Supplement C
thereof:

 

 

“SUPPLEMENT D

TO

GATX CORPORATION HOURLY EMPLOYEES’

RETIREMENT SAVINGS PLAN

(Minimum Distribution Requirements After 2002)

	 	 	 	 	 	 	 
	Application and 

Effective Date	 	D-1. This Supplement D to GATX Corporation Hourly
Employee Retirement Savings Plan (the ‘Plan’) shall apply
with respect to required minimum distributions for
calendar years beginning with the 2003 calendar year.
	 
	 	 	 	 	 	 
	Definitions	 	D-2. Unless the context clearly implies or indicates the
contrary, or unless otherwise defined in this Supplement
D, a word, term or phrase used or defined in the Plan is
similarly used or defined for purposes of this Supplement
D.
	 
	 	 	 	 	 	 
	General Rules	 	D-3. The following shall apply with respect to this
Supplement D:
	 
	 	 	 	 	 	 
	 	 	(a)	 	Precedence. The
requirements of this Supplement D will take precedence over any
inconsistent provisions of the Plan.
	 
	 	 	 	 	 	 
	 	 	(b)	 	Requirements of Treasury
Regulations Incorporated. All distributions required under
this Supplement D will be determined and made in accordance with
the Treasury regulations under section 401(a)(9) of the Code.
	 
	 	 	 	 	 	 
	Time and Manner
of Distribution	 	D-4. The following provisions of this Supplement D shall
apply with respect to the time and manner of
distributions:
	 
	 	 	 	 	 	 
	 	 	(a)	 	Required Beginning Date.
The Participant’s entire interest will be distributed, or begin
to be distributed, to the Participant no later than the
Participant’s Required Beginning Date.
	 
	 	 	 	 	 	 
	 	 	(b)	 	Death of Participant Before
Distributions Begin. If the Participant dies before
distributions begin, the Participant’s entire interest will be
distributed, or begin to be distributed, no later than as
follows:
	 
	 	 	 	 	 	 
	 

	 	 	 	(i)
	 	If the
Participant’s surviving spouse is the Participant’s sole
designated beneficiary, then distributions to the
surviving spouse will begin by December 31 of the
calendar year immediately following the calendar year in
which the Participant died, or by December 31 of the
calendar year in which the Participant would have
attained the age of 701/2 if later.

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	 	 	 	(ii)
	 	If the
Participant’s surviving spouse is not the Participant’s
sole designated beneficiary, then, except as otherwise
provided by subsection D-7 below in this Supplement D,
distributions to the designated beneficiary will begin
by December 31 of the calendar year immediately
following the calendar year in which the Participant
died.
	 
	 	 	 	 	 	 
	 

	 	 	 	(iii)
	 	If there is no
designated beneficiary as of September 30 of the year
following the year of the Participant’s death, the
Participant’s entire interest will be distributed by
December 31 of the calendar year containing the fifth
anniversary of the Participant’s death.
	 
	 	 	 	 	 	 
	 

	 	 	 	(iv)
	 	If the
Participant’s surviving spouse is the Participant’s sole
designated beneficiary, and the surviving spouse dies
after the Participant but before distributions to the
surviving spouse begin, this subsection D-4, other than
paragraph D-4(b)(i), will apply as if the surviving
spouse were the Participant.
	 
	 	 	 	 	 	 
	 	 	For purposes of this subsection D-4 and subsection D-6, unless
paragraph D-4(b)(iv) applies, distributions are considered to begin
on the Participant’s Required Beginning Date. If paragraph
D-4(b)(iv) applies, distributions are considered to begin on the date
distributions are required to begin to the surviving spouse under
paragraph D-4(b)(i).
	 
	 	 	 	 	 	 
	 	 	(c)	 	Forms of Distribution.
Unless the Participant’s interest is distributed in a single
lump sum on or before the Required Beginning Date, as of the
first distribution calendar year, distributions will be made in
accordance with subsections D-5 and D-6 of this Supplement D.
	 
	 	 	 	 	 	 
	Required Minimum 

Distributions  During
Participant’s Lifetime	 	D-5. The following rules shall
apply under this Supplement D with
respect to required minimum
distributions during a Participant’s
lifetime:
	 
	 	 	 	 	 	 
	 	 	(a)	 	Amount of Required Minimum
Distribution for Each Distribution Calendar Year. During
the Participant’s lifetime, the minimum amount that will be
distributed for each distribution calendar year is the lesser
of:

3

 

	 	 	 	 	 	 	 	 	 
	 	 	 	 	(i)	 	the quotient obtained by dividing the Participant’s Account balance
by the distribution period in the Uniform Lifetime Table
set forth in section 1.401(a)(9)-9 of the Treasury
regulations, using the Participant’s age as of the
Participant’s birthday in the distribution calendar
year; or
	 
	 	 	 	 	 	 	 	 
	 	 	 	 	(ii)	 	if the
Participant’s sole designated beneficiary for the
distribution calendar year is the Participant’s spouse,
the quotient obtained by dividing the Participant’s
Account balance by the number in the Joint and Last
Survivor Table set forth in section 1.401(a)(9)-9 of the
Treasury regulations, using the Participant’s and
spouse’s attained ages as of the Participant’s and
spouse’s birthdays in the distribution calendar year.

	 	 	 	 	 	 	 	 	 
	 	 	(b)	 	Lifetime Required Minimum
Distributions Continue Through Year of Participant’s Death.

Required minimum distributions will be determined under this
subsection D-5 beginning with the first distribution calendar
year and up to and including the distribution calendar year that
includes the Participant’s date of death.
	 
	 	 	 	 	 	 	 	 
	Required Minimum

Distributions After 

Participant’s Death 	 	D-6. The following provisions shall
apply with respect to required
minimum distributions after a
Participant’s death:
	 
	 	 	 	 	 	 	 	 
	 	 	(a)	 	Death On or After
Distributions Begin.

	 	 	 	 	 	 	 	 	 
	 	 	 	 	(i)	 	Participant
survived by designated beneficiary. If the Participant
dies on or after the date distributions begin and there
is a designated beneficiary, the minimum amount that
will be distributed for each distribution calendar year
after the year of the Participant’s death is the
quotient obtained by dividing the Participant’s Account
Balance by the longer of the remaining life expectancy
of the Participant or the remaining life expectancy of
the Participant’s designated beneficiary, determined as
follows:

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	(1	)	 	The Participant’s remaining life expectancy is
calculated using the age of the Participant in
the year of death, reduced by one for each
subsequent year.

4

 

	 	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	(2	)	 	If the Participant’s surviving spouse is the
Participant’s sole designated beneficiary, the
remaining life expectancy of the surviving
spouse is calculated for each distribution
calendar year after the year of the
Participant’s death using the surviving spouse’s
age as of the spouse’s birthday in that year.
For distribution calendar years after the year
of the surviving spouse’s death, the remaining
life expectancy of the surviving spouse is
calculated using the age of the surviving spouse
as of the spouse’s birthday in the calendar year
of the spouse’s death, reduced by one for each
subsequent calendar year.
	 
	 	 	 	 	 	 	 	 	 	 
	 

	 	 	 	 	 	 	(3	)	 	If the Participant’s surviving spouse is not the
Participant’s sole designated beneficiary, the
designated beneficiary’s remaining life
expectancy is calculated using the age of the
beneficiary in the year following the year of
the Participant’s death, reduced by one for each
subsequent year.

	 	 	 	 	 	 	 
	 

	 	 	 	(ii)
	 	No designated
beneficiary. If the Participant dies on or after the
date distributions begin and there is no designated
beneficiary as of September 30 of the year after the
year of the Participant’s death, the minimum amount that
will be distributed for each distribution calendar year
after the year of the Participant’s death is the
quotient obtained by dividing the Participant’s Account
Balance by the Participant’s remaining life expectancy
calculated using the age of the Participant in the year
of death, reduced by one for each subsequent year.
	 
	 	 	 	 	 	 
	 	 	(b)	 	Death Before Date
Distributions Begin.

	 	 	 	 	 	 	 
	 

	 	 	 	(i)
	 	Participant
survived by designated beneficiary. If the Participant
dies before the date distributions begin and there is a
designated beneficiary, the minimum amount that will be
distributed for each distribution calendar year after
the year of the Participant’s death is the quotient
obtained by dividing the Participant’s Account Balance
by the remaining life expectancy of the Participant’s

5

 

	 	 	 	 	 	 	 
	 

	 	 	 	 	 	designated beneficiary, determined as provided in
subsection D-6(a).

	 	 	 	 	 	 	 
	 

	 	 	 	(ii)
	 	No designated
beneficiary. If the Participant dies before the date
distributions begin and there is no designated
beneficiary as of September 30 of the year following the
year of the Participant’s death, distribution of the
Participant’s entire interest will be completed by
December 31 of the calendar year containing the fifth
anniversary of the Participant’s death.
	 
	 	 	 	 	 	 
	 

	 	 	 	(iii)
	 	Death of
surviving spouse before distributions to surviving
spouse are required to begin. If the Participant dies
before the date distributions begin, the Participant’s
surviving spouse is the Participant’s sole designated
beneficiary, and the surviving spouse dies before
distributions are required to begin to the surviving
spouse under paragraph D-4(b)(i) this paragraph D-6(b)
will apply as if the surviving spouse were the
Participant.

	 	 	 	 	 
	Special Rule	 	D-7. If the Participant dies before distributions begin and
there is a designated beneficiary, distribution to the
designated beneficiary is not required to begin by the date
specified in subsection D-4 of this Supplement D, but the
Participant’s entire interest will be distributed to the
designated beneficiary by December 31 of the calendar year
containing the fifth anniversary of the Participant’s death;
unless the sole designated beneficiary is the Participant’s
surviving spouse, in which case, distribution shall commence
no later than the date determined under subsection D-4(b)(i).
If the Participant’s surviving spouse is the Participant’s
sole designated beneficiary and the surviving spouse dies
after the Participant but before distributions to either the
Participant or the surviving spouse begin, this provision
will apply as if the surviving spouse were the Participant.
	 
	 	 	 	 
	Definitions	 	D-8. Words and phrases defined in this subsection D-8 of
this Supplement D to the Plan shall have that meaning when
used in this Supplement D, unless the context clearly
indicates otherwise.
	 
	 	 	 	 
	 

	 	(a)
	 	DESIGNATED BENEFICIARY means the
individual who is designated as the Beneficiary under subsection
11.4 of the Plan and is the designated beneficiary under section

6

 

	 	 	 	 	 
	 

	 	 	 	401(a)(9) of the Code and section 1.401(a)(9)-1, Q&A-4, of
the Treasury regulations.

	 	 	 	 	 
	 

	 	(b)
	 	DISTRIBUTION CALENDAR YEAR means
a calendar year for which a minimum distribution is required.
For distributions beginning before the Participant’s death, the
first distribution calendar year is the calendar year
immediately preceding the calendar year which contains the
Participant’s Required Beginning Date. For distributions
beginning after the Participant’s death, the first distribution
calendar year is the calendar year in which distributions are
required to begin under paragraph D-4(b). The required minimum
distribution for the Participant’s first distribution calendar
year will be made on or before the Participant’s Required
Beginning Date. The required minimum distribution for other
distribution calendar years, including the required minimum
distribution for the distribution calendar year in which the
Participant’s Required Beginning Date occurs, will be made on or
before December 31 of that distribution calendar year.
	 
	 	 	 	 
	 

	 	(c)
	 	LIFE EXPECTANCY means life
expectancy as computed by use of the Single Life Table in
Section 1.401(a)(9)-9 of the Treasury regulations.
	 
	 	 	 	 
	 

	 	(d)
	 	PARTICIPANT’S ACCOUNT BALANCE
means the account balance as of the last valuation date in the
calendar year immediately preceding the distribution calendar
year (valuation calendar year) increased by the amount of any
contributions made and allocated or forfeitures allocated to the
account balance as of dates in the valuation calendar year after
the valuation date and decreased by distributions made in the
valuation calendar year after the valuation date. The account
balance for the valuation calendar year includes any amounts
rolled over or transferred to the plan either in the valuation
calendar year or in the distribution calendar year if
distributed or transferred in the valuation calendar year.”

     IN WITNESS WHEREOF, the undersigned officer of the Company has set his hand, this            day of
December, 2003.

	 	 	 	 	 
	 	 	GATX CORPORATION
	 
	 	 	 	 
	 

	 	By	 	/s/ Ronald H. Zeck 
	 
	 	 	 	 
	 
	 	 	 	Its Chief Executive Officer

7

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