Document:

exv10w8w3

Exhibit 10.8.3

SECOND AMENDMENT

TO THE

COLT DEFENSE LLC

SALARIED RETIREMENT INCOME PLAN

     WHEREAS, Colt Defense LLC (the “Employer”) heretofore established a defined benefit pension
plan known as the Colt Defense LLC Salaried Retirement Income Plan (the “Plan”); and

     WHEREAS, under the terms of the Plan, the Employer has the ability to amend the Plan; and

     WHEREAS, the Internal Revenue Service has issued final regulations regarding retroactive
annuity starting dates; and

     WHEREAS, the Employer wishes to amend the Plan to provide for retroactive annuity starting
dates;

     NOW, THEREFORE, effective as of January 1, 2004, the Employer hereby amends the Plan to
provide as follows:

Section 1: Preamble

1.1 This Amendment shall supersede the provisions of the Plan to the extent those provisions are
inconsistent with the provisions of this Amendment.

1.2 Sectional references in this Amendment are numbered independently of the Plan document.

Section 2: Election of Retroactive Annuity Starting Dates

2.1 If payment of benefits is delayed beyond the later of the Participant’s Normal Retirement Age
or the date he retires from active employment with the Employer, and the Participant does not elect
a retroactive annuity starting date as provided in Amendment subsection 2.2, the Participant shall
receive a monthly benefit which is the actuarial equivalent of the benefit to which he would have
been entitled if benefits were not delayed.

2.2 In lieu of the actuarial adjustment as set forth in Amendment subsection 2.1 above, a
Participant may elect a retroactive annuity starting date as defined in Treasury Regulations
1.417(e)-1. Subject to the limited exception for early retirement, in no event shall a Participant
be permitted to elect a retroactive annuity starting date other than his Normal Retirement Date or,
if later, his termination of employment. A Participant who is eligible for early retirement in
accordance with the further terms of the Plan shall be permitted to elect a retroactive annuity
starting date of the first of the month following his termination of employment provided the
request for benefit payment is made within 30 days of the retroactive annuity starting date. If the
request for benefit payment is not made within 30 days of the retroactive annuity starting date, a
Participant shall not be permitted to elect a retroactive annuity starting date. The Participant
electing a retroactive annuity starting date shall receive a make-up payment to reflect any missed
payment(s) for the

 

 

period from the retroactive annuity starting date to the date of the actual make-up payment, with
an appropriate adjustment for interest from the date the missed payment(s) would have been made to
the date of the actual make-up payment. All future periodic payments shall be the same amount that
would have been paid had payments actually commenced on the retroactive annuity starting date.

2.3 The Plan Administrator shall provide to the Participant a written explanation of the Qualified
Joint and Survivor Annuity required by Code Section 417(a)(3) no less than 30 days and no more than
90 days before the Annuity Starting Date. If the Participant elects a retroactive annuity starting
date as defined in Reg. 1.417(e)-1, the date benefits actually commence based on the retroactive
annuity starting date shall be substituted for the Annuity Starting Date for purposes of satisfying
the timing requirements for providing the written explanation of the Qualified Joint and Survivor
Annuity.

Section 3: Requirements for Retroactive Annuity Starting Date

3.1 In order for a distribution to have a retroactive annuity starting date, all of the
requirements set forth in this Section must be met.

3.2 A Participant’s spouse, who is defined as the person to whom the Participant is lawfully
married as of the earlier of his Annuity Staring Date or the date of his death, must consent to the
distribution with a retroactive annuity starting date in a manner that would satisfy the
requirements of Code Section 417(a)(2). Such spouse or alternate payee, as applicable, shall be
determined as of the date distributions actually commence. This spousal consent requirement shall
not apply if the amount of such spouse’s annuity payments under the retroactive annuity starting
date election is no less than the amount that the survivor payments to such spouse would have been
under a qualified joint and 50% survivor annuity with an Annuity Starting Date after the date the
qualified joint and survivor annuity explanation was provided.

3.3 Any distribution (including appropriate interest payments) provided based on a retroactive
annuity starting date must satisfy the maximum benefit limitations of Code Section 415 on the
retroactive annuity starting date and on the date benefits actually commence. However, this
requirement to apply Code Section 415 as of the date the distribution actually commences does not
apply if the date distribution commences is twelve months or less from the retroactive annuity
starting date, and benefit is paid in a form not subject to Code Section 417(e)(3) (e.g., a life
annuity).

3.4 If a distribution paid pursuant to an election of a retroactive annuity starting date is a form
of benefit which would have been subject to the requirements of Code Section 417(e)(3) (e.g., a
lump sum), the present value of the benefit determined as of the retroactive annuity starting date
must be no less than the present value determined as of the actual distribution date. The benefit
determined as of the retroactive annuity starting date is the present value of the annuity payable
at the retroactive annuity starting date, determined as of the retroactive annuity starting date
using the applicable interest rate and the applicable mortality table that apply as of retroactive
annuity starting date. The benefit determined as of the actual distribution date is the present
value of the annuity payable at the retroactive annuity starting date, determined as of the actual

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distribution date using the applicable interest rate and applicable mortality table that apply as
of the actual distribution date.

Section 4: Administrative Delay

The Plan will not fail to satisfy the 90-day timing requirement for providing a written explanation
of the Qualified Joint and Survivor Annuity required by Code Section 417(a)(3) merely because, due
solely to administrative delay, a distribution commences more than 90 days after the written
explanation is provided to the Participant.

IN WITNESS WHEREOF, the Employer has caused this Second Amendment to be executed by to be executed
by a daily authorized person this 1st day of December, 2005.

	 	 	 	 	 	 	 	 	 

	WITNESS	 	 	 	COLT DEFENSE LLC	 	 
	 
	 	 	 	 	 	 	 	 
	 

	 	 	 	By:	 	 	 	 
	/s/
J. Michael Magouirk 

	 	 	 	 	 	/s/ Carlton S. Chen 

	 	 
	 

	 	 	 	Title:	 	Vice President, Business
and
Regulatory Affairs, &  Secretary	 	 

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Exhibit 10.8.4

THIRD AMENDMENT

TO THE

COLT DEFENSE LLC

SALARIED RETIREMENT INCOME PLAN

     WHEREAS, Colt Defense LLC (the “Employer”) heretofore established a defined benefit pension
plan known as the Colt Defense LLC Salaried Retirement Income Plan (the “Plan”); and

     WHEREAS, under the terms of the Plan, the Employer has the ability to amend the Plan; and

     WHEREAS, the Internal Revenue Service, in the form of IRS Notice 2005-5, has issued guidance
on the new automatic rollover rules added as a part of the Economic Growth and Tax Relief
Reconciliation Act of 2001; and

     WHEREAS, in lieu of adopting the new automatic rollover rules, the Employer wishes to amend
the Plan to limit the amount of a mandatory single sum payment made to a vested Terminated
Participant prior to his Normal Retirement Age;

     NOW, THEREFORE, effective as of March 28, 2005, the Employer hereby amends the Plan to provide
as follows:

     1. Section 5.5, Article V is amended by deleting such Section in its entirety, and replacing
it with the following new Section:

“5.5 CASH-OUT OF BENEFITS

Anything in this Article V to the contrary notwithstanding, if the Actuarial Equivalent of a
Participant’s Vested Interest in his Accrued Benefit does not exceed $5,000, then such amount may
be distributed to the Participant in a single lump sum payment, subject to the following
conditions. The Administrator shall direct the payment of a lump sum distribution to a Terminated
Participant prior to his Normal Retirement Age if the Actuarial Equivalent of his Vested Interest
in his Accrued Benefit does not exceed $1,000; provided, however, that such Terminated Participant
may make an voluntary election to receive the Actuarial Equivalent of his Vested Interest in his
Accrued Benefit in a single lump sum distribution if the amount does not exceed $5,000. If the
Actuarial Equivalent of the Participant’s Vested Interest in his Accrued Benefit does not exceed
$5,000 and becomes payable following the Participant’s attainment of his Normal Retirement Age, the
Administrator shall direct the payment of the entire amount in a single lump sum distribution. Any
lump sum payment to a Terminated Participant shall commence as soon as practicable after the
Participant’s termination of employment, subject to the voluntary election requirement, if
applicable. That portion of the Participant’s Accrued Benefit which is not a Vested Interest will
be forfeited. If a Participant’s Vested Interest in his Accrued Benefit is zero on the date of
distribution, the Participant will be deemed to have received a distribution of such balance.”

 

 

IN WITNESS WHEREOF, the Employer has caused this Third Amendment to be executed by a duly
authorized person this 1st day of December, 2005.

	 	 	 	 	 	 	 	 	 

	WITNESS	 	 	 	COLT DEFENSE LLC	 	 
	 
	 	 	 	 	 	 	 	 
	/s/ J. Michael Magouirk

	 	 	 	By:	 	/s/ Carlton S. Chen	 	 
	 

	 	 	 	 	 	 

	 	 
	 

	 	 	 	Title:	 	Vice President Business and

Regulatory Affairs, & Secretary	 	 
	 

	 	 	 	 	 	 

	 	 

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