Document:

Exhibit101forForm8-K-AmendmenttoEmploymentAgreement-080315

Exhibit 10.1
FIRST AMENDMENT
TO
EMPLOYMENT AGREEMENT

WHEREAS, Rexnord Corporation (the “Company”) and Todd A. Adams (“Executive”) entered into an Employment Agreement dated November 9, 2012 (the “Agreement”); and

WHEREAS, pursuant to its terms, the Agreement will be automatically extended for a one-year term unless, at least 90 days prior to November 9, 2015, the Company or the Executive provides notice to terminate the Agreement; and

WHEREAS, the Company and Executive desire to extend the term of the Agreement for an additional three years and may amend the Agreement to do so under Section 18 thereof; 

NOW THEREFORE, the Company and Executive agree as follows:

		
	1.
	The first sentence of Section 2, Term of Agreement, shall be replaced with the following:

“The Agreement is effective on the Effective Date and the initial term shall end on November 9, 2018 (“Initial Term”).”  

		
	2.
	All other terms of the Agreement are unchanged and shall remain in effect.

IN WITNESS WHEREOF, the parties hereto have executed this Agreement on August 6, 2015. 

	
			
	 
	 

	Rexnord Corporation
	 

	 
	 

	By:
	/s/ George J. Powers 

	Name: 
	George J. Powers 
	 

	Title:
	Chief Human Resources Officer
	 

	
			
	 
	 

	Executive
	 

	 
	 

	/s/ Todd A. Adams 

	Todd A. AdamsFirst Amendment to the Second Restatement

Exhibit  4.9

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

This First Amendment to the Second Restatement of the Medical Systems, Inc. 401(k) Profit Sharing Plan (the "Plan") is adopted effective as of September 19, 2010 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 acquired all of the stock of Biosphere Medical, Inc. effective September 10, 2010; and

WHEREAS, it is necessary and desirable to amend the Plan’s definition of “Associated Employer” to include Biosphere Medical, Inc. such that the employees of Biosphere Medical Inc. can commence participation in the Plan effective for payroll periods beginning on and after September 19, 2010; and

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

NOW, THEREFORE, the Plan is hereby amended as follows: 

1.    Paragraph 6 of Article I of the Plan document, the definition of “Associated Employer,” is amended to add the following sentence at the end thereof:

“Effective September 19, 2010, the Associated Employers that have adopted the Plan also include Biosphere Medical, Inc.”

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

IN WITNESS WHEREOF, the Employer has caused this First Amendment to the Second Restatement of the Plan to be executed this 30th day of September, 2010.

MERIT MEDICAL SYSTEMS, INC.

By: /s/ Rashelle Perry                 
Name: Rashelle Perry
Its: Chief Legal OfficerSecond Amendment to the Second Restatement

 Exhibit 4.10

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

This Second Amendment to the Second Restatement of the Medical Systems, Inc. 401(k) Profit Sharing Plan (the "Plan") is adopted effective 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, it is necessary and desirable to amend the Plan to comply with certain requirements of the Heroes Earnings Assistance and Tax Relief Act of 2008 that became effective in 2010 and make certain other changes; and

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

NOW, THEREFORE, the Plan is hereby amended as follows: 

1.    Article II F of the Plan document is amended to add the following sentences at the end thereof effective January 1, 2010:

“Without limiting the foregoing, to the extent required by Section 414(u)(12) of the Code, if the Employer makes a “differential wage payment” within the meaning of Code Section 414(u)(12)(D) to a Participant on qualifying military leave, the Participant will be considered actively employed by the Employer during the period for which such payments are made and the payments shall be considered compensation for all purposes of the Plan.  Additionally, in the case of a Participant who dies while performing “qualified military service” as defined in Section 414(u) of the Code, the Beneficiaries of the Participant shall be entitled to any additional vesting and other benefits the Participant would have received had the Participant resumed and then terminated employment on account of death.”

2.    Section (d) of Article IV E 2 and Section (f) of Article IV E 3 are hereby eliminated effective January 1, 2008.

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

IN WITNESS WHEREOF, the Employer has caused this Second Amendment to the Second Restatement of the Plan to be executed this 29th day of November, 2010.

MERIT MEDICAL SYSTEMS, INC.

By: /s/ Rashelle Perry                 
Name: Rashelle Perry
Its: Chief Legal OfficerThird Amendment to the Second Restatement

Exhibit  4.11

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

This Third Amendment to the Second Restatement of the Merit Medical Systems, Inc. 401(k) Profit Sharing Plan (the “Plan”) is adopted effective as of October 1, 2010, 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 acquired all of the stock of BioSphere Medical, Inc. (“BioSphere”) effective September 10, 2010; and

WHEREAS, by that certain First Amendment to the Second Restatement of the Merit Medical Systems, Inc. 401(k) Profit Sharing Plan the Employer amended the Plan’s definition of “Associated Employer” to include BioSphere, such that the employees of BioSphere could commence participation in the Plan effective for payroll periods beginning on and after September 19, 2010; and

WHEREAS, the Employer allowed certain employees of BioSphere to commence participation in the Plan effective October 1, 2010 (the “Participating BioSphere Employees”); and

WHEREAS, the Plan requires that an Employee may not participate in the Plan until the date on which he or she completes ninety (90) days of continuous employment within the eligible class of the Employer, as set forth in Article II.B.2 of the Plan; and

WHEREAS, the Employer finds that it is necessary and desirable to amend the Plan to address the participation commencement date of the Participating BioSphere Employees in the Plan; and

WHEREAS, the Employer further finds it necessary and desirable to amend the Plan to allow Participants to borrow from Roth Elective Deferral Accounts and from Non-Qualified Matching Contribution Accounts, in addition to the accounts from which Participants may currently borrow under the provisions of the Plan; and

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

NOW, THEREFORE, the Plan is hereby amended as follows: 

1.    Effective as of October 1, 2010, the ninety (90) day service requirement set forth in Article II.B.2 of the Plan is deemed satisfied with regard to those Participating BioSphere Employees who had completed at least ninety (90) days of continuous service with BioSphere through October 1, 2010.

2.    Effective as of January 1, 2011, Article XII.A of the Plan is deleted in its entirety and replaced with the following:

“A. Right to Borrow.  A Participant may borrow from his Elective Deferral Account, Transfer Account, Non-Qualified Matching Contribution Account, and Roth Elective Deferral Account an amount not to exceed his Vested Benefit, subject to the approval by the Administrator of the loan.  Upon its approval of a loan to a Participant, the Administrator shall direct the Trustee to make the loan to the Participant in the amount and upon the terms approved, with all of the terms of any such loan to be set forth in the Administrator’s directions to the Trustee.”

1

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

IN WITNESS WHEREOF, the Employer has caused this Third Amendment to the Second Restatement of the Plan to be executed this 26th day of August, 2011.

MERIT MEDICAL SYSTEMS, INC.

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

2Fourth Amendment to the Second Restatement

Exhibit 4.12

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

This Fourth 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, in connection with the issuance of an updated determination letter with respect to the Plan the Internal Revenue Service has requested certain changes to the Plan document; and

WHEREAS, the Employer is wishes to make such changes and has reserved the right to amend the Plan.

NOW, THEREFORE, the Plan is hereby amended as follows effective January 1, 2002: 

1.    Clauses (a) and (b) of Article XVI A 8 of the Plan document, the definition of “Top-Heavy Ratio,” are amended to read as follows:

“(a)    If the Employer maintains one or more defined contribution plans (including any Simplified Employee Pension Plan) and the Employer has not maintained any defined benefit plan, the Top-Heavy Ratio for this Plan alone or for the Required or Permissive Aggregation Group, as appropriate, is a fraction, (i) the numerator of which is the sum of the account balances of all Key Employees as of the Determination Date; and (ii) the denominator of which is the sum of all account balances of all Employees as of the Determination Date.  Both the numerator and denominator of the Top-Heavy Ratio shall be increased to the extent required under Section 416 of the Code to reflect any contribution which is due, but unpaid as of the Determination Date.  Additionally, for  purposes of computing the Top-Heavy Ratio: (i) the account balances of all Employees shall be deemed to include and shall take into account all distributions made during the one-year period ending on the Determination Date (or during the five-year period ending on the Determination Date if such distribution is not on account of separation from employment, death or disability), but (ii) the account balances of any individual who has not performed services for an Employer within the one-year period ending on the Determination Date shall be disregarded.  

(b)    If the Employer maintains one or more defined contribution plans (including any Simplified Employee Pension Plan) and the Employer also maintains or has maintained one or more defined benefit plans, the Top-Heavy Ratio is a fraction, the numerator of which is the sum of the account balances under the defined contribution plans for all Key Employees, determined in accordance with Article XVI A 8(a) above, and the present value of accrued benefits under the aggregated defined benefit plans for all Key Employees, as of the Determination Dates, and the denominator of which is the sum of the account balances under the aggregated defined contribution plans for all Employees, determined in accordance with Article XVI A 8(a) above, and the present value of accrued benefits under the defined benefit plans for all Employees as of the Determination Date.  In applying this clause (b), both the numerator and denominator of the Top-Heavy Ratio are increased for any distribution of an account balance or an accrued benefit made in the one-year period ending on the Determination Date (or during the five-year period ending on the determination date if such distribution is not on account of separation from employment, death or disability). Also, in applying this clause (b), the account balances and accrued benefits of any individual who has not performed services for an Employer within the one-year period ending on the Determination Date shall be disregarded.”  
 

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

IN WITNESS WHEREOF, the Employer has caused this Fourth Amendment to the Second Restatement of the Plan to be executed this 31st day of December, 2011.

MERIT MEDICAL SYSTEMS, INC.

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

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