Document:

Exhibit 4.9

 

First Amendment to the

Thomas
Group, Inc. 401(k) Savings Plan

Thomas Group, Inc.,
hereinafter referred to as the “Plan Sponsor,” makes this Amendment, generally
effective January 1, 2003, unless otherwise stated.

WHEREAS,
the Employer has previously established the Thomas Group, Inc. 401(k) Savings
Plan, hereinafter referred to as the “Plan”, for the benefit of eligible
employees and their beneficiaries; and

WHEREAS,
pursuant to Section 8.03 of the Plan, the Plan Sponsor is authorized to amend the
Plan; and

NOW,
THEREFORE, pursuant to Section 8.03 of the Plan, the
following amendment is hereby made and shall be generally effective January 1,
2003, unless otherwise stated:

Section 7.08 Commencement of
Benefits is amended by adding the following:

(d)                                  Distributions beginning on or
after January 1, 2001 but before January 1, 2003:

With
respect to distributions under the Plan made for calendar years beginning on or
after January 1, 2001, the Plan will apply the minimum distribution
requirements of Code Section 401(a)(9) in accordance with the Proposed
Regulations under Code Section 401(a)(9) that were issued on January 17, 2001,
notwithstanding any provision of the Plan to the contrary.  The terms of the Proposed Regulations shall
continue in effect until the end of the 2002 calendar year, which is the end of
the last calendar year beginning before the effective date of the Final and
Temporary Regulations under Code Section 401(a)(9) that were issued on April
17, 2002.

(e)           Distributions beginning January
1, 2003:

(1)           General
Rules 

(A)                              Effective Date.  The provisions of this article will apply for
purposes of determining required minimum distributions for calendar years
beginning with the 2003 calendar year.  

(B)                                Coordination with Minimum Distribution Requirements
Previously in Effect.  Required minimum
distributions for 2002 were made under the Code Section 401(a)(9) 2001 Proposed
Regulations.  Beginning January 1, 2003,
required minimum distributions shall be made under the Code Section 401(a)(9)
Final and Temporary Regulations. 

 

(C)                                Precedence.  The requirements of this article will take
precedence over any inconsistent provisions of the Plan.  

(D)                               Requirements of Treasury Regulations
Incorporated.  All distributions required
under this article will be determined and made in accordance with the Treasury
regulations under Code Section 401(a)(9). 

(E)                                 TEFRA section 242(b)(2) Elections.  Notwithstanding the other provisions of this
article, distributions may be made under a designation made before January 1,
1984, in accordance with section 242(b) of the Tax Equity and Fiscal
Responsibility Act (TEFRA) and the provisions of the Plan that relate to
section 242(b)(2) of TEFRA.  

(2)           Time
and Manner of Distribution.

(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 age 70 1/2, if later. 

(ii)                                  If the Participant’s surviving spouse is not
the Participant’s sole designated beneficiary, then, 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
section, other than subsection (i), will apply as if the surviving spouse were
the Participant. 

For
purposes of this subsection (B) and subsection (4), unless subsection (B)(iv)
applies, distributions are considered to begin on the Participant’s required
beginning date. If subsection (B)(iv) applies, distributions are considered to
begin on the date distributions are required to begin to the surviving spouse
under subsection (B)(i). If distributions under an annuity purchased from an
insurance company irrevocably commence to the Participant before the
Participant’s required beginning date (or to the Participant’s surviving spouse
before the date distributions are required to begin to the surviving spouse
under subsection (B)(i)), the date distributions are considered to begin is the
date distributions actually commence. 

In
the case when distributions are due to the Participant’s death, unless 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, distributions are considered to begin on the
Participant’s required beginning date. 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,
distributions are considered to begin on the date distributions are required to
begin to the surviving spouse under (i) above. If distributions under an
annuity purchased from an insurance company irrevocably commence to the
Participant before the Participant’s required beginning date (or to the
Participant’s surviving spouse before the date distributions are required to
begin to the surviving spouse under (i) above), the date distributions are
considered to begin is the date distributions actually commence. 

 

(C)                                Forms of Distribution. Unless the
Participant’s interest is distributed in the form of an annuity purchased from
an insurance company or in a single sum on or before the required beginning
date, as of the first distribution calendar year distributions will be made in
accordance with subsections (3) and (4) of this article. If the Participant’s
interest is distributed in the form of an annuity purchased from an insurance
company, distributions thereunder will be made in accordance with the
requirements of section 401(a)(9) of the Code and the Treasury regulations.

(3)           Required
Minimum Distributions During 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: 

(i)                                     the quotient obtained by dividing the
Participant’s account balance by the distribution period in the Uniform
Lifetime Table set forth in Treasury regulation section 1.401(a)(9)-9 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 Treasury regulation section
1.401(a)(9)-9, 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 (3)
beginning with the first distribution calendar year and up to and including 

 

 

the distribution calendar year that includes the
Participant’s date of death. 

(4)           Required
Minimum Distributions After Participant’s Death. 

(A)          Death On or After Date 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. 

(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 designated beneficiary,
determined as provided in subsection (4)(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
subsection (2)(B)(i), this subsection (4)(B) will apply as if the surviving
spouse were the Participant. 

(5)           Definitions.

(A)                              Designated beneficiary. The individual
who is designated as the beneficiary under section 1.03 of the Plan and is the
designated beneficiary under Code section 401(a)(9) Treasury regulation section
1.401(a)(9)-1, Q&A-4.

(B)                                Distribution calendar year. 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 subsection (2)(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. Life expectancy as
computed by use of the Single Life Table in Treasury regulation section
1.401(a)(9)-9. 

(D)                               Participant’s account balance. 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. 

(E)                                 Required beginning date. The date
specified in subsection (b) of this Section. 

IN WITNESS WHEREOF, the Plan Sponsor, has caused this instrument to be executed as of the
date specified below.

	
  

  	
  Thomas Group, Inc.

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
      January
  1, 2005

  	
   

  	
  By:

  	
    /s/ DAVID
  ENGLISH

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
    CFO

  
					

 

 

Resolution

 

Thomas Group, Inc.

WHEREAS,
Thomas Group, Inc. hereinafter referred to as the “Plan Sponsor” has previously
established the Thomas Group, Inc. 401(k) Savings Plan (the “Plan”), for the
benefit of eligible employees and their beneficiaries; and

WHEREAS,
pursuant to Section 8.03 of the Plan, the Board of Directors of the Plan
Sponsor (the “Board”) is authorized to amend the Plan on its behalf; and

NOW,
THEREFORE BE IT RESOLVED, the Plan is hereby amended to be generally effective
as of January 1, 2003;

RESOLVED,
that the officers of Thomas Group, Inc., be authorized on its behalf to execute
said amendment, together with any and all other instruments of any kind or
character required and to take such further action as may be necessary to
maintain said plan.

IN
WITNESS WHEREOF, the Plan Sponsor has caused this instrument to be executed as
of the date specified below.

 

	
  

  	
   

  	
   

  	
  Thomas
  Group, Inc.

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Dated:

  	
    January
  10, 2006

  	
   

  	
  By:

  	
    /s/ JAMES T.
  TAYLOR

  	
   

  

 

* * * * * * * * * * * * * * * * * * * * 

I, JAMES T. TAYLOR, Secretary, do hereby certify that the above and
foregoing is a true and correct copy of an original resolution unanimously
adopted by the Board, at their meeting held on the 10 day of January, 2006.

	
  

  	
  /s/ JAMES T.
  TAYLOR

  	
   

  
	
   

  	
  Secretary

  

 

 

Unanimous
Written Consent in Lieu of a Special Meeting

of the Board of Directors

WHEREAS,
Thomas Group, Inc. hereinafter referred to as the “Plan Sponsor” has previously
established the Thomas Group, Inc. 401(k) Savings Plan (the “Plan”), for the
benefit of eligible employees and their beneficiaries; and

WHEREAS,
pursuant to Section 8.03 of the Plan, the Board of Directors of the Plan
Sponsor (the “Board”) is authorized to amend the Plan on its behalf; and

NOW,
THEREFORE BE IT RESOLVED, the Plan is hereby amended to be generally effective
as of January 1, 2003;

RESOLVED,
that the officers of Thomas Group, Inc., be authorized on its behalf to execute
said amendment, together with any and all other instruments of any kind or
character required and to take such further action as may be necessary to
maintain said plan.

* * * * * * * * * * * * * * * * * * * * 

IN
WITNESS WHEREOF, the undersigned Board of Directors have executed this
Unanimous Consent as of the date indicated.

Thomas
Group, Inc.

	
  /s/ JOHN T. CHAIN, JR. 

  	
   

  	
   

  	
  /s/ JAMES T. TAYLOR 

  	
   

  
	
  Director 

  	
   

  	
  Director 

  
	
  Date Signed:

  	
    January 11, 2006

  	
   

  	
   

  	
  Date Signed:

  	
   January 10, 2006

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ EDWARD P.
  EVANS 

  	
   

  	
   

  	
  /s/ CHARLES M. HARPER 

  	
   

  
	
  Director 

  	
   

  	
  Director 

  
	
  Date Signed:

  	
    January
  13, 2006

  	
   

  	
   

  	
  Date Signed:

  	
   January 11, 2006

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ DORSEY R.
  GARDNER 

  	
   

  	
   

  	
  /s/ JIMMY HOULDITCH 

  	
   

  
	
  Director 

  	
   

  	
  Director 

  
	
  Date Signed:

  	
    January 11, 2006

  	
   

  	
   

  	
  Date Signed:

  	
   January 10, 2006

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  /s/ DAVID B.
  MATHIS 

  	
   

  	
   

  	
   

  
	
  Director 

  	
   

  	
   

  
	
  Date Signed:

  	
    January 12, 2006Exhibit 4.10

 

Second Amendment to the

Thomas
Group, Inc. 401(k) Savings Plan

Thomas Group, Inc.,
hereinafter referred to as the “Plan Sponsor,” makes this Amendment, generally
effective March 28, 2005, unless otherwise stated.

WHEREAS,
the Employer has previously established the Thomas Group, Inc. 401(k) Savings
Plan, hereinafter referred to as the “Plan,” for the benefit of eligible
employees and their beneficiaries; and

WHEREAS,
pursuant to Section 8.03 of the Plan, the Plan Sponsor is authorized to amend
the Plan; and

NOW,
THEREFORE, pursuant to Section 8.03 of the Plan, the
following amendment is hereby made and shall be generally effective March 28,
2005, unless otherwise stated:

1.     Section
3.03 Employer Matching Account, subsection (c) Application of Forfeitures, is
amended in its entirety to read as follows:

(c)  Application of Forfeitures

Forfeitures from a
Participant’s Employer Matching Account shall be used to reduce plan expenses
or reduce Employer Matching Contributions in the Plan Year in which the
Forfeitures are determined to occur.

2.     Section 7.07 Timing and Form of
Benefit Payments, subsection (b) Form of Benefit Payment, is amended in its
entirety to read as follows:

(b)  Form of Benefit Payment

The form of benefit will be
a single sum payment, unless the Participant elects to receive his benefit in the form of a direct
transfer pursuant to Section 7.09.

Notwithstanding the foregoing, if a
terminated Participant’s total Vested Accrued
Benefit is not in excess of $5,000, excluding that portion of the account
balance attributable to rollover contributions (and earnings allocable thereto), such Participant’s Vested Accrued Benefit will be payable
in a single sum payment of the entire amount of his Vested Accrued
Benefit.  The Plan Administrator may, in
accordance with a policy that does not discriminate among Participants,
establish periodic times when the Plan Administrator will direct the
distribution of such amounts without the request or approval of the
Participant.  For Accrued Benefits that
are subject to the Qualified Annuity rules, this paragraph will not apply after
the Annuity Starting Date.

 

In the event of such an involuntary distribution that is made without
the request or approval of the Participant, if the amount of the distribution
is in excess of $1,000, the Plan Administrator shall pay the distribution as a
direct rollover to an individual retirement plan designated by the Plan
Administrator.

IN WITNESS WHEREOF, the Plan Sponsor, has caused this instrument to be executed as of the
date specified below.

	
  

  	
  THOMAS GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
    December 20, 2005

  	
   

  	
  By:

  	
    /s/ DAVID ENGLISH

  
	
   

  	
   

  	
   

  
	
   

  	
  Its:

  	
    CFO

  
					

 

 

Resolution

Thomas Group, Inc.

WHEREAS, Thomas Group,
Inc. (the “Plan Sponsor”) has previously established the Thomas Group, Inc.
401(k) Savings Plan (the “Plan”) for the benefit of eligible employees and
their beneficiaries; and

WHEREAS, pursuant to Section 8.03 of the Plan, the
Board of Directors (the “Board”) of the Plan Sponsor is authorized to amend the
Plan on its behalf; and

NOW,
THEREFORE BE IT RESOLVED,
the Plan is hereby amended to be generally effective as of March 28, 2005,
unless otherwise specifically stated;

RESOLVED, that the
officers of Thomas Group, Inc., be authorized on its behalf to execute said amendment,
together with any and all other instruments of any kind or character required
and to take such further action as may be necessary to maintain said plan.

IN
WITNESS WHEREOF, the
Plan Sponsor has caused this instrument to be executed as of the date specified
below.

	
  

  	
  THOMAS GROUP, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
  Dated:

  	
  December 20,
  2005

  	
   

  	
  By:

  	
    /s/ JAMES T. TAYLOR

  
						

 

* * * * * * * * * * * * * * * * * * * *

I, JAMES T. TAYLOR, Secretary, do hereby certify that the above and
foregoing is a true and correct copy of an original resolution unanimously
adopted by the Board, at their meeting held on the 20 day of December, 2005.

	
  

  	
    /s/ JAMES T. TAYLOR

  	
   

  
	
   

  	
  Secretary

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