Document:

Amendment to Morgan Stanley 401(K) Plan

 EXHIBIT 10.6 
 AMENDMENT TO 401(k) PLAN 
 Morgan Stanley & Co. Incorporated (the
“Corporation”) hereby amends the Morgan Stanley 401(k) Plan (the “401(k) Plan”) as follows: 
 1.
Section 2, Definitions, is amended by deleting “Morgan Stanley’s Global Director of Human Resources” in the definition of “Plan Administrator” and replacing such phrase with “a Global Director of Human
Resources” and inserting the following at the end of such definition: 
 “Any action to be taken by the Plan
Administrator hereunder may be taken by any one person in such position.” 
 2. Effective January 1, 2010,
Section 2, Definitions, shall be amended by replacing clause (f)(1) in the first paragraph of the definition of “Earnings” with the following: 

“(f)(1) for a Participant whose employment with the Affiliated Group terminates on or after January 1, 2010
amounts otherwise described in this Section but paid after termination of employment but not later than the later of 30 days after the date on which the Participant’s employment with the Affiliated Group terminates or the 10th day of the month following the month in which the Participant’s
employment with the Affiliated Group terminates;” 
 3. Effective January 1, 2011, Section 2, Definitions, shall
be amended by replacing the penultimate sentence in the third paragraph of the definition of “Earnings” as follows: 

“The annual Earnings taken into account in determining allocations of Matching Contributions to an eligible Participant for any given
Plan Year beginning before January 1, 2011 shall not exceed $170,000. The annual Earnings taken into account in determining allocations of Company Contributions to an eligible Participant for any given Plan Year beginning after
December 31, 2010 shall not exceed the amount in effect under Code section 401(a)(17) (pro-rated for any short plan year to the extent required by the regulations thereunder) and adjusted for cost of living increases in accordance with Code
section 401(a)(17)(B).” 
 4. Effective January 1, 2011, Section 2, Definitions, shall be amended by inserting the
following new definitions in the appropriate alphabetical order: 
 “‘Financial Advisor’ means a
Participant whose job title includes Financial Advisor, Producing Assistant Branch Manager, Producing Branch Manager, Producing Sales Manager or any equivalent title.” 
 “‘Fixed Contributions’ means contributions made to the Plan pursuant to Section 6(e).” 
 “‘Fixed Contribution Earnings’ means a Participant’s Earnings for the Plan Year; provided, however, that Fixed Contribution Earnings shall exclude amounts paid before the first
day of the month following the Participant’s completion of any 

 
applicable age and service requirements for participation in the Plan or, if none apply, the date of the Participant’s completion of one Year of Service.” 

“‘MS Transition Contributions’ means contributions made to the Plan pursuant to Section 6(f).” 

5. Effective January 1, 2011, Section 6(a), Matching Contributions, shall be amended by replacing the first sentence thereof as
follows: 
 “Before the end of each Plan Year beginning before January 1, 2011, each eligible Participant shall be
allocated a Matching Contribution with respect to such Plan Year with a value as of that date equal to the dollar amount of the Participant’s Matched Contributions for such Plan Year, up to $2,000, plus 50 percent of the dollar amount of the
remaining amount of the Participant’s Matched Contributions for such Plan Year, up to 6 percent of Earnings. Effective January 1, 2011, before the end of each Plan Year, each eligible Participant shall be allocated a Matching Contribution
with respect to such Plan Year at the discretion of the Company with a value as of that date up to the dollar amount of the Participant’s Matched Contributions for such Plan Year, up to 4 percent of Earnings.” 

6. Section 6(c), Retirement Contributions, shall be amended by inserting the following at the end thereof: 

“(iv) Notwithstanding anything in this Section 6(c) to the contrary, no Retirement Contribution shall be allocated to a
Participant with respect to any Plan Year commencing on or after January 1, 2011.” 
 7. Effective January 1,
2011, Section 6(e), Form of Contributions, is redesignated as Section 6(h). 
 8. Effective January 1, 2011, a new
Section 6(e), Fixed Contributions, is inserted as follows: 
 “(e) Fixed Contributions. 

“(i) Eligibility for Fixed Contributions. Effective January 1, 2011, a Participant shall be eligible to receive a Fixed
Contribution for a Plan Year if the Participant (1) has Fixed Contribution Earnings and annualized base salary of less than or equal to $100,000 for the Plan Year, (2) is not employed as a Financial Advisor, Senior Advisor or Advisory
Director or any equivalent title to the foregoing on December 31 of the Plan Year, and (3) (A) is an Eligible Employee on December 31 of the Plan Year (including any Participant on an Authorized Absence) or (B) was an
Eligible Employee immediately prior to his or her termination of employment during such Plan Year as a result of death, Total and Permanent Disability, Retirement or Release during such Plan Year. 

  
 2 

 “(ii) Allocation of Fixed Contributions. The amount of the Fixed Contribution
allocated to an eligible Participant for a Plan Year shall be equal to 2% of such Participant’s Fixed Contribution Earnings for the Plan Year.” 
 9. Effective January 1, 2011, a new Section 6(f), MS Transition Contributions, is inserted as follows: 
 “(f) MS Transition Contributions. 
 “(i) Eligibility for MS
Transition Contributions. Effective January 1, 2011, a Participant shall be eligible to receive an allocation of MS Transition Contributions for a Plan Year if the Participant (1) (A) was accruing benefits under the Morgan Stanley
Employees Retirement Plan (the “Pension Plan”) as of December 31, 2010 or (B) was eligible to receive a Retirement Contribution pursuant to Section 6(c) of the Plan for the 2010 Plan Year, (2) was at least age 45 with
at least five Years of Service for the Company as of December 31, 2010, (3) (A) is an Eligible Employee on December 31 of such Plan Year (including any Participant on an Authorized Absence) or (B) was an Eligible Employee
immediately prior to his or her termination of employment during such Plan Year due to death, Total and Permanent Disability, Retirement or Release during such Plan Year during such Plan Year. 

“(ii) Amount of MS Transition Contributions. The amount of the MS Transition Contributions allocated to a Participant described in
Section 6(f)(i) for a Plan Year shall be determined by (1) calculating 80% of the sum of the value at the end of the Plan Year of the employer-provided benefit such Participant would have accrued under the Pension Plan for the Plan Year
and the maximum Company Matching Contributions available under this Plan for the Plan Year, determined under the benefit structures in effect under the Pension Plan and this Plan on December 31, 2010, and based on the Participant’s
Eligible Earnings for the Plan Year of determination and, with respect to the deemed Pension Plan benefit, using the following assumptions: (A) the benefit at age 65, (B) an interest rate of 6% and (C) the mortality table issued by
the Internal Revenue Service in Revenue Ruling 2007-67 projected to 2020 using projection scale AA, except that no mortality is assumed prior to age 65, and (2) subtracting the total of the maximum Company Matching Contributions available under
this Plan for the Plan Year of determination (regardless of the amount of the Participant’s actual contributions) and the amount of the Participant’s Fixed Contribution pursuant to Section 6(e) from the amount determined under
Section 6(f)(ii)(1), if any. 
 “(iii) Duration of MS Transition Contributions. Notwithstanding anything herein to the
contrary, no MS Transition Contributions shall be made for any Plan Year beginning after December 31, 2020. Nothing in this Section shall supersede the Company’s right to amend or terminate the Plan as provided in Section 19.

  
 3 

 “(iv) If a Participant receives a Citi Pension Transition Contribution under
Section 6(h) of the Morgan Stanley 401(k) Savings Plan, he will not be eligible for an MS Transition Contribution under this Section 6(f).” 
 10. Effective January 1, 2011, a new Section 6(g), Coordination of Contributions, is inserted as follows: 
 “(g) Coordination of Contributions. In the event a Participant transfers from participation in this Plan to the Morgan Stanley 401(k) Savings Plan (or vice versa), any Company Contributions made
pursuant to this Section 6 will be calculated with reference to all Earnings, Company Matching Contributions available and other data under both this Plan and the Morgan Stanley 401(k) Savings Plan and shall be calculated under the formula set
forth in the plan in which the Participant participated on December 31 of the year to which such contribution relates; provided, however, that solely with respect to MS Transition Contributions, MS Transition Contributions shall instead be
calculated under the formula set forth in the plan in which the Participant participated on December 31, 2010. All such Company Contributions shall be payable with respect to each year to the plan in which the Participant participated
last, and shall not be subject to duplication between this Plan and the Morgan Stanley 401(k) Savings Plan.” 
 11.
Effective January 1, 2010, Section 7(e)(ii) shall be amended by inserting the following at the beginning thereof: 

“Members of the Investment Committee shall make reasonable efforts to meet a minimum of three times per year.” 

12. Section 11(c), Right to Deferred Distribution, is amended by inserting “determined without regard to any rollover
contributions made to the Plan” after each reference to “$1,000”, “$5,000” or “Code Section 411(a)(11)” therein. 
 13. Section 12(f), Hardship, is amended by inserting the following after the phrase “Retirement Contributions” in the second paragraph of subsection (i) thereof: 

“, Fixed Contributions, MS Transition Contributions,” 
 14. Effective January 1, 2007, Section 13(c), Military Service, is redesignated as Section 13(c)(1), the phrase “and other applicable law” is added to the end of
Section 13(c)(1), and a new Section 13(c)(2) is inserted as follows: 
 “(2) Effective January 1, 2007, the
beneficiary of a Participant on a leave of absence to perform military service with reemployment rights described in Code section 414(u) where the Participant cannot return to employment on account of his or her death, shall be entitled, in
accordance with Code section 401(a)(37), to any additional benefits (other than benefit accruals relating to the Participant’s period of qualified military service) that would be provided under the Plan had the Participant died as an active
Employee.” 

  
 4 

 15. Effective January 1, 2010, the second paragraph of Section 16(a) shall be
amended by inserting the following after the second sentence thereof: 
 “The Committee shall make reasonable efforts to
timely address claims presented to it, taking into account the timeframes included in ERISA and the regulations thereunder.” 
 16. Effective January 1, 2010, the first sentence of Section 16(c) shall be amended by replacing each instance of the phrases “Morgan Stanley’s Global Director of Human Resources”
and “the Global Director of Human Resources” therein with “a Global Director of Human Resources”, by deleting “$20,000” from the first sentence thereof and inserting “$40,000” in lieu thereof, and inserting
the following at the end thereof: 
 “Any action to be taken by a Global Director of Human Resources hereunder may be taken
by any one person in such position.” 
 17. Effective January 1, 2010, Section 17(a) shall be amended by inserting
the following after the second sentence thereof: 
 “The Benefit Plan Appeals Committee shall make reasonable efforts to
timely address appeals from denied claims presented to it, taking into account the timeframes included in ERISA and the regulations thereunder.” 
 18. Effective immediately prior to the consummation of the transactions described in the Transaction Agreement dated as of October 19, 2009 between Invesco Ltd. and Morgan Stanley, Appendix B shall
be amended (i) by adding “ – the date immediately prior to the date of the consummation of the VK Transaction Agreement (as defined below)” at the end of the entry for “Van Kampen Investments Inc. and its subsidiaries”
in the list of Participating Companies contained therein, and (ii) by adding the following new section at the end thereof: 

“Cessation of Participation of Van Kampen Investments Inc. Effective immediately prior to the date of the consummation of the
transactions described in the Transaction Agreement (the “VK Transaction Agreement”) dated as of October 19, 2009 between Invesco Ltd. and Morgan Stanley (the “Closing Date”), (i) Van Kampen Investments Inc. and its
subsidiaries shall cease to be Participating Companies in the Plan; (ii) employees of Van Kampen Investments Inc. and its subsidiaries shall cease to actively participate in the Plan; and (iii) current employees of Van Kampen Investments
Inc. and its subsidiaries described as “Transferred Employees” in the VK Transaction Agreement immediately prior to the Closing Date shall become fully vested in all amounts allocated to their Accounts. An employee of Van Kampen
Investments Inc. or a subsidiary who would have been eligible to receive a Retirement Contribution for 2010 pursuant to Section 6(c) of the Plan but for Van Kampen Investments Inc. and its subsidiaries’ cessation of participation
immediately prior to the Closing Date shall receive a contribution for the year based on his or her Years of Service and Retirement Contribution Earnings, if any, prior to the Closing Date. An employee of Van Kampen Investments Inc. who would have
been eligible to receive a Matching Contribution for 2010 pursuant to Section 6(a) of the Plan but for Van 

  
 5 

 
Kampen Investments Inc. and its subsidiaries’ cessation of participation immediately prior to the Closing Date shall receive such a contribution for the year based on his or her Matched
Contributions and Earnings prior to the Closing Date.” 
 19. Effective immediately prior to the consummation of the
transactions described in the Transaction Agreement (the “FrontPoint Transaction Agreement”) dated as of October 19, 2010 Among TAM Investment Holdings, Inc., FrontPoint Holdings L.P., FrontPoint Partners LLC and FrontPoint Capital
Management LLC, Appendix B shall be amended (i) by adding “ – the date immediately prior to the date of the consummation of the transactions described in the FrontPoint Transaction Agreement (as defined below)” at the end of the
entries for “FrontPoint Partners LLC” and “FrontPoint Management Inc.” in the list of Participating Companies contained therein, and (ii) by adding the following new section at the end thereof: 

“Cessation of Participation of FrontPoint Partners LLC and FrontPoint Management Inc. Effective immediately prior to the date
of the consummation of the transactions described in the Transaction Agreement (the “FrontPoint Transaction Agreement”) dated as of October 19, 2010 Among TAM Investment Holdings, Inc., FrontPoint Holdings L.P., FrontPoint Partners
LLC and FrontPoint Capital Management LLC (the “Closing Date”), (i) FrontPoint Partners LLC and FrontPoint Management Inc. and their subsidiaries shall cease to be Participating Companies in the Plan; (ii) employees of FrontPoint
Partners LLC and FrontPoint Management Inc. and their subsidiaries shall cease to actively participate in the Plan; and (iii) current employees of FrontPoint Partners LLC and FrontPoint Management Inc. and their subsidiaries described as
U.S.-based “Post-Closing FrontPoint Employees” immediately prior to the Closing Date shall become fully vested in all amounts allocated to their Accounts. An employee of FrontPoint Partners LLC and FrontPoint Management Inc. and their
subsidiaries who would have been eligible to receive a Retirement Contribution for 2010 pursuant to Section 6(c) of the Plan but for FrontPoint Partners LLC and FrontPoint Management Inc. and their subsidiaries’ cessation of participation
immediately prior to the Closing Date shall receive a contribution for the year based on his or her Years of Service and Retirement Contribution Earnings, if any, prior to the Closing Date. An employee of FrontPoint Partners LLC and FrontPoint
Management Inc. and their subsidiaries who would have been eligible to receive a Matching Contribution for 2010 pursuant to Section 6(a) of the Plan but for FrontPoint Partners LLC and FrontPoint Management Inc. and their subsidiaries’
cessation of participation immediately prior to the Closing Date shall receive such a contribution for the year based on his or her Matched 
 Contributions and Earnings prior to the Closing Date.” 
 20. Except as
otherwise provided above, all amendments included herein are made effective and incorporated into the terms of the Plan, as of the date hereof. 
 *  *  *  *  *  *  *  *  * 

  
 6 

 IN WITNESS WHEREOF, the Corporation has caused this Amendment to be
executed on its behalf as of this 23rd day of December,
2010. 

			
	MORGAN STANLEY & CO. INCORPORATED
		
	 By:
	 	 /s/    KAREN JAMESLEY

	Title:	 	Global Head of Human Resources

  
 7Amendment to Morgan Stanley 401(K) Savings Plan

 EXHIBIT 10.8 
 AMENDMENT TO 401(k) SAVINGS PLAN 
 Morgan Stanley & Co.
Incorporated (the “Corporation”) hereby amends the Morgan Stanley 401(k) Savings Plan (the “401(k) Savings Plan”) as follows: 
 1. Section 2, Definitions, is amended by deleting “Morgan Stanley’s Global Director of Human Resources” in the definition of “Plan Administrator” and replacing such phrase
with “a Global Director of Human Resources” and inserting the following at the end of such definition: 
 “Any
action to be taken by the Plan Administrator hereunder may be taken by any one person in such position.” 
 2. Effective
January 1, 2010, Section 2, Definitions, is amended by deleting the phrase “for the 2009 Plan Year” in the first sentence of the definition of “Earnings” and inserting the following after first paragraph following
subparagraph (b) thereof: 
 “For a Participant whose employment with the Affiliated Group
terminates on or after January 1, 2010 Earnings includes amounts otherwise described in this Section but paid after termination of employment but not later than the later of 30 days after the date on which the Participant’s employment with
the Affiliated Group terminates or the 10th day of the
month following the month in which the Participant’s employment with the Affiliated Group terminates.” 
 3.
Section 2, Definitions, is amended by renaming the definition of “Transition Contribution” as “Citi Pension Transition Contribution”, relocating such definition in the appropriate alphabetical order and replacing all
references in the 401(k) Savings Plan to “Transition Contribution” with “Citi Pension Transition Contribution”. 
 4. Effective January 1, 2011, Section 2, Definitions, shall be amended by inserting “for the 2009 Plan Year, Section 6(g) for the 2010 Plan Year and Section 6(i) for 2011 and
subsequent years” at the end of the definition of “Fixed Contribution”. 
 5. Effective January 1, 2011,
Section 2, Definitions, shall be amended by inserting the following new definitions in the appropriate alphabetical order: 

“‘Delayed Transfer Individual’ means an Employee who is a Citigroup Transferee and whose commencement of employment
with a Participating Company, including MSSB (as defined in Exhibit A), occurred after June 1, 2009; provided that such terms shall not include an individual who was on a bona fide leave of absence on the date such individual’s employment
with such Participating Company was scheduled to have begun.” 
 “‘Financial Advisor’ means a
Participant whose job title includes Financial Advisor, Producing Assistant Branch Manager, Producing Branch Manager, Producing Sales Manager or any equivalent title.” 

 “‘MS Transition Contribution’ means a contribution made to the Plan
pursuant to Section 6(j).” 
 6. Section 2, Definitions, shall be amended by inserting the following at the end of
the definition of “Qualifying Compensation”: 
 “For the 2010 Plan Year only, Qualifying Compensation means a
Participant’s Earnings for the Plan Year; provided, however, that Qualifying Compensation shall exclude amounts paid before the first day of the month following the Participant’s completion of any applicable age and service requirements
for participation in the Plan.” 
 7. Effective January 1, 2010, Sections 6(e) and 6(f) are redesignated as Sections
6(i) and 6(j) respectively and all references in the Plan to Sections 6(e) and 6(f) are modified accordingly. 
 8. Effective
January 1, 2011, newly designated Sections 6(i) and 6(j) are redesignated as Sections 6(m) and 6(n) respectively and all references in the Plan to Sections 6(i) and 6(j) are modified accordingly. 

9. Effective January 1, 2010, a new Section 6(e), Make Up Contributions for Delayed Transfer Individuals, is inserted as
follows: 
 “(e) Make-up Contributions for Delayed Transfer Individuals. 

“(i) A Participant who is a Delayed Transfer Individual shall be eligible to receive a Make-Up Contribution for the Plan Year in
which his or her employment transfers to a Participating Company (including MSSB, as defined in Appendix A) if the Participant is (1) a Citigroup Transferee who was eligible to participate in the Citigroup 401(k) Plan immediately prior to his
or her transfer to such Participating Company and (2) (A) is an Eligible Employee on December 31 of the Plan Year of such transfer (including any Participant on an Authorized Absence) or (B) was an Eligible Employee immediately
prior to his or her termination of employment during such Plan Year as a result of death, Total and Permanent Disability, Retirement or Release during such Plan Year. 
 “(ii) Allocation of Make-up Contributions. The amount of the Make-up Contribution for Delayed Transfer Individuals allocated to an eligible Participant for such Plan Year shall be determined
under the provisions of Section 6(b)(ii), except that the year of such transfer shall be substituted for ‘2009’ each place it appears therein.” 
 10. Effective January 1, 2010, a new Section 6(f), Matching Contributions for 2010 Plan Year, is inserted as follows: 
 “(f) Matching Contributions for 2010 Plan Year. Matching Contributions for the 2010 Plan Year shall be determined in accordance with the provisions of Section 6(a), Matching Contributions
for 2009 Plan Year, except that ‘2010’ shall be substituted for ‘2009’ each place it appears therein.” 

  
 2 

 11. Effective January 1, 2010, a new Section 6(g), Fixed Contributions for the
2010 Plan Year, is inserted as follows: 
 “(g) Fixed Contributions for the 2010 Plan Year. Fixed Contributions for
the 2010 Plan Year shall be determined in accordance with the provisions of Section 6(c), Fixed Contributions for the 2009 Plan Year, except that ‘2010’ shall be substituted for ‘2009’ each place it appears therein.”

 12. Effective January 1, 2010, a new Section 6(h), Citi Pension Transition Contributions for the 2010 Plan Year, is
inserted as follows: 
 “(h) Citi Pension Transition Contributions. Citi Pension Transition Contributions for the
2010 Plan Year shall be determined in accordance with the provisions of Section 6(d), Citi Pension Transition Contributions for 2009 Plan Year, except that ‘2010’ shall be substituted for ‘2009’ each place it appears
therein. A Participant who received a Citi Pension Transition Contribution for the 2010 Plan Year under this Section 6(h) (or who would have received a Citi Pension Transition Contribution for the 2010 Plan Year under Section 6(h) but for
the fact that he is a Delayed Transfer Individual) and who on December 31, 2010 is age 45 and has been credited with five or more Years of Service shall, subject to Section 19, Amendment and Termination, continue to receive a Citi Pension
Transition Contribution for each succeeding Plan Year in accordance with the provisions of Section 6(d), except that no Citi Pension Transition Contributions shall be made for any Plan Year beginning after December 31, 2020.”

 13. Effective January 1, 2011, a new Section 6(i), Fixed Contributions, is inserted as follows: 

“(i) Fixed Contributions. 
 “(i) Eligibility for Fixed Contributions. Effective January 1, 2011, a Participant shall be eligible to receive a Fixed Contribution for the Plan Year if the Participant (1) has Fixed
Contribution Earnings and an annualized base salary of less than or equal to $100,000 for the Plan Year, (2) is not classified as a Financial Advisor, Senior Advisor or Advisory Director on December 31 of the Plan Year, and
(3) (A) is an Eligible Employee on December 31 of the Plan Year (including any Participant on an Authorized Absence) or (B) was an Eligible Employee immediately prior to his or her termination of employment during such Plan Year
as a result of death, Total and Permanent Disability, Retirement or Release during such Plan Year. 
 “(ii) Allocation of
Fixed Contributions. The amount of the Fixed Contribution allocated to an eligible Participant for the Plan Year shall be equal to 2% of such Participant’s Fixed Contribution Earnings for the Plan Year.” 

  
 3 

 14. Effective January 1, 2011, a new Section 6(j), MS Transition Contributions, is
inserted as follows: 
 “(j) MS Transition Contributions. 

“(i) Eligibility for MS Transition Contributions. Effective January 1, 2011, a Participant shall be eligible to receive an
allocation of MS Transition Contributions for a Plan Year if the Participant (1) (A) was accruing benefits under the Morgan Stanley Employees Retirement Plan (the “Pension Plan”) as of December 31, 2010 or (B) was
eligible to receive a Retirement Contribution pursuant to Section 6(c) of the Morgan Stanley 401(k) Plan for the 2010 plan year, (2) was at least age 45 with at least five Years of Service for the Company as of December 31, 2010,
(3) (A) is an Eligible Employee on December 31 of such Plan Year (including any Participant on an Authorized Absence) or (B) was an Eligible Employee immediately prior to his or her termination of employment during such Plan Year
due to death, Total and Permanent Disability, Retirement or Release during such Plan Year. 
 “(ii) Amount of MS Transition
Contributions. The amount of the MS Transition Contributions allocated to a Participant described in Section 6(j)(i) for a Plan Year shall be determined by (1) calculating 80% of the sum of the value at the end of the Plan Year of the
employer-provided benefit such Participant would have accrued under the Pension Plan for the Plan Year and the maximum Company Matching Contributions available under this Plan for the Plan Year of determination, determined under the benefit
structure in effect under the Pension Plan and this Plan on December 31, 2010, and based on the Participant’s Earnings for the Plan Year of determination and, with respect to the deemed Pension Plan benefit, using the following
assumptions: (A) the benefit at age 65, (B) an interest rate of 6% and (C) the mortality table issued by the Internal Revenue Service in Revenue Ruling 2007-67 projected to 2020 using projection scale AA, except that no mortality is
assumed prior to age 65, and (2) subtracting the total of the maximum Matching Contributions available under this Plan for the Plan Year of determination (regardless of the amount of the Participant’s actual contributions) and the amount
of the Participant’s Fixed Contribution pursuant to Section 6(i) from the amount determined under Section 6(j)(ii)(1), if any. 
 “(iii) Duration of MS Transition Contributions. Notwithstanding anything herein to the contrary, no MS Transition Contributions shall be made for any Plan Year beginning after December 31, 2020.
Nothing in this Section shall supersede the Company’s right to amend or terminate the Plan as provided in Section 19. 

“(iv) If a Participant receives a Citi Pension Transition Contribution under Section 6(h), he will not be eligible for an MS
Transition Contribution under this Section 6(j).” 

  
 4 

 15. Effective January 1, 2011, a new Section 6(k), Matching Contributions After
2010, is inserted as follows: 
 “(k) Matching Contributions After 2010. Effective January 1, 2011, before the
end of each Plan Year, each eligible Participant shall be allocated a Matching Contribution with respect to such Plan Year at the discretion of the Company with a value as of that date up to the dollar amount of the Participant’s Matched
Contributions for such Plan Year, up to 4 percent of Earnings.” 
 16. Effective January 1, 2011, a new
Section 6(l), Coordination of Contributions, is inserted as follows: 
 “(l) Coordination of
Contributions. In the event a Participant transfers from participation in this Plan to the Morgan Stanley 401(k) Plan (or vice versa), any Company Contributions made pursuant to this Section 6 will be calculated with reference to all
Earnings, Company Matching Contributions available and other data under both this Plan and the Morgan Stanley 401(k) Plan and shall be calculated under the formula set forth in the plan in which the Participant participated on December 31 of
the year to which such contribution relates; provided, however, that solely with respect to MS Transition Contributions, MS Transition Contributions shall instead be calculated under the formula set forth in the plan in which the Participant
participated on December 31, 2010. All such Company Contributions shall be payable with respect to each year to the plan in which the Participant participated last, and shall not be subject to duplication between this Plan and the Morgan
Stanley 401(k) Plan.” 
 17. Effective January 1, 2010, Section 7(e)(ii) shall be amended by inserting the
following at the beginning thereof: 
 “Members of the Investment Committee shall make reasonable efforts to meet a minimum
of three times per year.” 
 18. Effective January 1, 2011, Section 11(c), Right to Deferred Distribution, is
amended by inserting “determined without regard to any rollover contributions made to the Plan” after each reference to “$1,000” in the first paragraph thereof. 

19. Section 12(f), Hardship, is amended by inserting the following after the phrase “Retirement Contributions” in the
second paragraph of subsection (i) thereof: 
 “, Fixed Contributions, MS Transition Contributions,” 

20. Effective July 1, 2009, Section 13(c), Military Service, is redesignated as Section 13(c)(1), the phrase “and
other applicable law” is added at the end of Section 13(c)(1), and a new Section 13(c)(2) is inserted as follows: 

“(2) Effective July 1, 2009, the beneficiary of a Participant on a leave of absence to perform military service with
reemployment rights described in Code section 414(u) where the Participant cannot return to employment on account of his or her death, shall be entitled, in accordance with Code section 401(a)(37), to any

  
 5 

 
additional benefits (other than benefit accruals relating to the Participant’s period of qualified military service) that would be provided under the Plan had the Participant died as an
active Employee.” 
 21. Effective January 1, 2010, the second paragraph of Section 16(a) shall be amended by
inserting the following after the second sentence thereof: 
 “The Committee shall make reasonable efforts to timely address
claims presented to it, taking into account the timeframes included in ERISA and the regulations thereunder.” 
 22.
Effective January 1, 2010, the first sentence of Section 16(c) shall be amended by replacing each instance of the phrases “Morgan Stanley’s Global Director of Human Resources” and “the Global Director of Human
Resources” therein with “a Global Director of Human Resources”, by deleting “$20,000” from the first sentence thereof and inserting “$40,000” in lieu thereof, and inserting the following at the end thereof:

 “Any action to be taken by a Global Director of Human Resources hereunder may be taken by any one person in such
position.” 
 23. Effective January 1, 2010, the first paragraph of Section 17(a) shall be amended by inserting
the following after the second sentence thereof: 
 “The Benefit Plan Appeals Committee shall make reasonable efforts to
timely address appeals from denied claims presented to it, taking into account the timeframes included in ERISA and the regulations thereunder.” 
 24. Except as otherwise provided above, all amendments included herein are made effective and incorporated into the terms of the Plan, as of the date hereof. 

*  *  *  *  *  *  *  *  * 

IN WITNESS WHEREOF, the Corporation has caused this Amendment to be executed on its behalf as of this 23rd day of December, 2010. 

			
	MORGAN STANLEY & CO. INCORPORATED
		
	 By:
	 	 /s/    KAREN JAMESLEY

	Title:	 	Global Head of Human Resources

  
 6

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00185-of-00352.parquet"}]]