Document:

Exhibit 4.1.2

 

EXHIBIT 4.1.2

AMENDMENT NUMBER TWO TO THE COUNTRYWIDE CREDIT INDUSTRIES, INC.

401(k) SAVINGS AND INVESTMENT PLAN

     This Amendment to the Countrywide Credit Industries, Inc 401(k) Savings and Investment
Plan (“Plan”), executed on this 22nd day of May, 2002, pursuant to resolutions adopted
by Countrywide Credit Industries, Inc., a Corporation of the State of California (the “Company”).

WITNESSETH THAT:

     WHEREAS, effective September 1, 1984, the Company adopted the Plan, which was amended
and restated in its entirety, effective January 1, 1997 to comply with the Uruguay Round Agreements
Act, the Uniformed Services Employment and Reemployment Rights Act of 1994, the Small Business Job
Protection Act of 1996, the Taxpayer Relief Act of 1997, the Internal Revenue Service Restructuring
and Reform Act of 1998, and the Community Renewal Tax Relief Act of 2000 (“GUST”) and subsequently
amended to comply with certain provisions of the Economic Growth and Tax Relief Reconciliation Act
of 2001;

     WHEREAS, the Company submitted the Plan to the Internal Revenue Service on
December 21, 2001 to request a favorable GUST determination letter;

     WHEREAS, Section 15.01 of the Plan provides that the Board of Directors of the
Company may amend the Plan at any time, provided that no amendment (a) materially affects the
trustee’s duties; (b) diverts corpus or income of the Plan’s trust to purposes other that the
exclusive benefit of participants and their beneficiaries; or (c) reduces or eliminates any benefit
which is a “Section 411(d)(6) Protected Benefit” except as permitted by Treasury Regulations;

     WHEREAS, the Internal Revenue Service has requested certain amendments in order to issue a
favorable determination letter with respect to the Plan and as a result, the Company shall, prior
to approving this Amendment Number Two, submit a copy of this Amendment Number Two to the Internal
Revenue Service for review to supplement the Plan’s application for determination letter submitted
on December 21, 2001;

     WHEREAS, unless otherwise provided herein, this Amendment Number Two shall be effective
January 1, 1997;

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

     1. The definition of “Compensation” in section 1.13 is amended by replacing Section
1.13(a) with the following:

	 	(a)	 	including employer contributions made pursuant to a compensation
reduction agreement which are not includible in the gross income of a Participant
under Sections 125, 402(e)(3), 402(h), or 457 of the Code and for Plan Years
beginning on or after January 1, 2001, Section 132(f)(4) of the Code;

     2. The definition of “Eligible Employee” in Section 1.15 is amended by replacing the entire
text of subparagraph (b)(i) with “is a Leased Employee, or”

     3. The definition of “Eligible Employee” in Section 1.15 is amended by replacing any reference
to “leased employee” in subparagraph (f) thereof with “Leased Employee.”

 

 

     4. The definition of “Employee” in Section 1.16 is amended to read as follows:

	 	1.16	 	“Employee” means any individual who is treated as a common law
employee of a Participating Employer.

     5. A new definition of “Leased Employee” is added as Section 1.22A to read as follows:

	 	1.22A	 	“Leased Employee” means any person (other than an Employee of the Company or an
Affiliated Company) who pursuant to an agreement between the Company or an Affiliated
Company and any other person (“leasing organization”) has performed services for the
Company or an Affiliated Company (or for the Company or an Affiliated Company
determined in accordance with Section 414(n)(6) of the Code) on a substantially full
time basis for a period of at least one year, and such services are performed under
primary direction or control by the Company or an Affiliated Company.

     6. A new definition of “Normal Retirement Age” is added as Section 1.24A to read as set forth
below and each reference in the Plan to “age 65” or “65th birthday” in Sections 9.02(a), 9.02(b),
13.01 and 13.02 is replaced with “Normal Retirement Age.”

	 	1.24A	 	“Normal Retirement Age” means the date of the Employee’s sixty-fifth (65th) birthday.

     7. Article 17 is amended by amending by adding a new Section 17.02(c) to read as set forth
below, renumbering Sections 17.02(c) through (f) to Sections 17.01(d) through (g), respectively,
and amending Sections 17.03 and 17.05 by replacing “non-Key Employee” with “Non-Key Employee.”

	 	(c)	 	“Non-Key Employee” means an Employee who is not a Key Employee.

	 	 	 	 	 
	 	COUNTRYWIDE CREDIT INDUSTRIES, INC.

 	 
	 	/s/ LEORA I. GOREN
 	 
	 	Leora I. Goren 	 
	 	Managing Director, Human Resources 	 
	 

	 	 	 	 	 
	Attest:

	 	/s/ SUSAN BOW
 

Susan Bow
	 	 
	 

	 	Assistant SecretaryExhibit 4.1.3

 

EXHIBIT 4.1.3

AMENDMENT NUMBER THREE TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     THIS AMENDMENT is made on this 3rd day of December, 2003, by Countrywide Financial
Corporation, a corporation duly organized and existing under the laws of the State of Delaware (the
“Company”).

W I T N E S S E T H:

     WHEREAS, the Company maintains the Countrywide Financial Corporation 401(k) Savings and
Investment Plan (the “Plan”), which was last amended on May 22, 2002; and

     WHEREAS, the Company now wishes to amend the Plan primarily to modify its eligibility
provisions and to comply with applicable law.

     WHEREAS, this amendment shall supersede the provisions of the Plan to the extent those
provisions are inconsistent with the provisions of this Amendment Number Three.

     WHEREAS, unless otherwise provided herein, this Amendment Number Three shall be effective
January 1, 2003:

     NOW, THEREFORE, the Company does hereby amend the Plan as follows:

     1. By deleting Section 1.11 and substituting therefor the following:

“1.11 ‘Company’ means Countrywide Financial Corporation, f/k/a Countrywide Credit
Industries, Inc., or any successor by merger, consolidation or sale of assets.”

     2. Effective for claims for benefits filed after December 31, 2001, by adding the following
new Section 1.14A:

“1.14A ‘Appeals Fiduciary’ means an individual or group of individuals appointed to review
appeals of claims for benefits payable due to a Participant’s Total Disability made
pursuant to Section 14.13.”

     3. Effective January 1, 2004, by deleting Section 1.15(e) and substituting therefor the
following:

	 	“(e)	 	any employee employed on a temporary basis, for other than an indefinite
period of time, as determined by the Participating Employer. If such an employee has
been participating in the Plan prior to January 1, 2004, his or her participation will
cease with respect to Salary Deferral
Contributions, Employer Matching Contributions, Employer Discretionary
Contributions, and Rollover Contributions as of the date he or she ceases to be an
Eligible Employee. After such date, he or she shall continue to be a Participant
only with respect to the allocation of

 

 

	 	 	 	earnings, losses, and expenses made in
accordance with Article 7 until the balance credited to his or her Account is
distributed.”

     4. By deleting Section 1.27 and substituting therefor the following:

“1.27 ‘Plan’ means the Countrywide Financial Corporation 401(k) Savings and
Investment Plan, a profit sharing plan as set forth herein and as may be amended from time
to time.”

     5. Effective January 1, 2004, by deleting Section 2.03 and substituting therefor the
following:

“2.03 ‘Eligibility Computation Period’ means the completion of an Employee’s first Hour of
Service for the Company or an Affiliated Company coinciding with or immediately following
the Employee’s Employment Commencement Date.”

     6. Effective January 1, 2004, by deleting Section 3.01(a)(i) and substituting therefor
the following:

	 	“(i) 	 	Each Employee as of January 1, 2004 who was a Participant in
the Plan immediately prior to January 1, 2004 shall continue to be a
Participant as of January 1, 2004.”

     7. Effective January 1, 2004, by deleting Section 3.01(a)(ii) and substituting therefore the
following:

	 	“(ii)	 	Each Employee who was not eligible to participate
immediately prior to January 1, 2004 shall become a Participant as soon as
administratively possible following the date he or she meets the following
requirements:

	 	(A)	 	Attainment of age 21; and
	 
	 	(B)	 	Completion of the Eligibility Computation Period,

	 	 	 	if he or she is then an Eligible Employee.”

     8. Effective January 1, 2004, by deleting Section 4.01(a) and substituting therefor the
following:

	 	“(a)	 	A Participant may elect to have Salary Deferral Contributions made on his or
her behalf in an amount equal to a full percentage of his or her Compensation from one
percent (1%) to forty percent (40%) or such other percentage as may be established by
the Administrator. The Administrator may, at any time, establish a separate, lower
maximum percentage applicable to Participants who are Highly Compensated Employees or
any subcategory of that group of Participants. Such

2

 

	 	 	 	contributions shall be made by
the Participating Employer as a reduction in the Compensation that would otherwise be
payable to the Participant.”

     9. Effective for claims for benefits filed after December 31, 2001, by adding the following
sentence to the end of Section 14.01:

“The Appeals Fiduciary appointed to review appeals of claims for benefits payable due to a
Participant’s Total Disability is a ‘Named Fiduciary’ for purposes of Section 402(a)(2) of
ERISA.”

     10. Effective for claims for benefits filed after December 31, 2001, by adding the following
new Section 14.02(d):

	 	“(d)	 	Appeals Fiduciary. The Administrator shall appoint an Appeals
Fiduciary. The Appeals Fiduciary shall be required to review claims for benefits
payable due to a Participant’s Total Disability that are initially denied by the
Administrator and for which the claimant requests a full and fair review pursuant to
Section 14.13. The Appeals Fiduciary may not be the individual who made the initial
adverse determination with respect to any claim he reviews and may not be a
subordinate of any individual who made the initial adverse determination. The Appeals
Fiduciary may be removed in the same manner in which appointed or may resign at any
time by written notice of resignation to the Administrator. Upon such removal or
resignation, the Administrator shall appoint a successor.”

     11. Effective for claims for benefits filed after December 31, 2001, by deleting the existing
Section 14.13 and substituting therefor the following:

     “14.13 Claims Procedure.

	 	(a)	 	Notice of Denial. If a Participant or a Beneficiary is denied a claim for
benefits under the Plan, the Administrator shall provide to the claimant written
notice of the denial within ninety (90) days (forty-five (45) days with respect to a
denial of any claim for benefits due to the Participant’s Total Disability) after the
Administrator receives the claim, unless special circumstances require an extension of
time for processing the claim. If such an extension of time is required, written
notice of the extension shall be furnished to the claimant prior to the termination of
the initial 90-day period. In no event shall the extension exceed a period of ninety
(90) days
(thirty (30) days with respect to a claim for benefits due to the Participant’s
Total Disability) from the end of such initial period. With respect to a claim for
benefits due to the Participant’s Total Disability, an additional extension of up
to thirty (30) days beyond the initial 30-day extension period may be required for
processing the claim. In such event, written notice of the extension shall be
furnished to the claimant within the initial 30-day extension period. Any
extension notice shall indicate the special circumstances requiring the extension
of time, the date by which the Administrator expects to render the final decision,
the standards on which

3

 

	 	 	 	entitlement to benefits are based, the unresolved issues
that prevent a decision on the claim and the additional information needed to
resolve those issues.
	 
	 	(b)	 	Contents of Notice of Denial. If a Participant or Beneficiary is denied a
claim for benefits under the Plan, the Administrator shall provide to such claimant
written notice of the denial which shall set forth:

	 	(i)	 	the specific reasons for the denial;
	 
	 	(ii)	 	specific references to the pertinent provisions of the Plan
on which the denial is based;
	 
	 	(iii)	 	a description of any additional material or information
necessary for the claimant to perfect the claim and an explanation of why such
material or information is necessary;
	 
	 	(iv)	 	an explanation of the Plan’s claim review procedures, and the
time limits applicable to such procedures, including a statement of the
claimant’s right to bring a civil action under Sections 502(a) of ERISA
following an adverse benefit determination on review;
	 
	 	(v)	 	in the case of a claim for benefits due to a Participant’s
Total Disability, if an internal rule, guideline, protocol or other similar
criterion is relied upon in making the adverse determination, either the
specific rule, guideline, protocol or other similar criterion; or a statement
that such rule, guideline, protocol or other similar criterion was relied upon
in making the decision and that a copy of such rule, guideline, protocol or
other similar criterion will be provided free of charge upon request; and
	 
	 	(vi)	 	in the case of a claim for benefits due to a Participant’s
Total Disability, if a denial of the claim is based on a medical necessity or
experimental treatment or similar exclusion or limit, an explanation of the
scientific or clinical judgment for the denial, an explanation applying the
terms of the Plan to the claimant’s
medical circumstances or a statement that such explanation will be
provided free of charge upon request.

	 	(c)	 	Right to Review. After receiving written notice of the denial of a claim or
that a domestic relations order is a qualified domestic relations order, a claimant or
his representative shall be entitled to:

	 	(i)	 	request a full and fair review of the denial of the claim or
determination that a domestic relations order is a qualified domestic
relations order by written application to the Administrator (or Appeals
Fiduciary in the case of a claim for benefits payable due to a Participant’s
Total Disability);

4

 

	 	(ii)	 	request, free of charge, reasonable access to, and copies of,
all documents, records, and other information relevant to the claim;
	 
	 	(iii)	 	submit written comments, documents, records, and other
information relating to the denied claim to the Administrator or Appeals
Fiduciary, as applicable; and
	 
	 	(iv)	 	a review that takes into account all comments, documents,
records, and other information submitted by the claimant relating to the
claim, without regard to whether such information was submitted or considered
in the initial benefit determination.

	 	(d)	 	Application for Review.

	 	(i)	 	If a claimant wishes a review of the decision denying his
claim to benefits under the Plan, other than a claim described in Subsection
(2) of this Section 14.13 (d) or if a claimant wishes to appeal a decision
that a domestic relations order is a qualified domestic relations order, he
must submit the written application to the Administrator within sixty (60)
days after receiving written notice of the denial or notice that the domestic
relations order is a qualified domestic relations order.
	 
	 	(ii)	 	If the claimant wishes a review of the decision denying his
claim to benefits under the Plan due to a Participant’s Total Disability, he
must submit the written application to the Appeals Fiduciary within one
hundred eighty (180) days after receiving written notice of the denial. With
respect to any such claim, in deciding an appeal of any denial based in whole
or in part on a medical judgment (including determinations with regard to
whether a particular treatment, drug, or other item is experimental,
investigational, or not medically necessary or appropriate), the Appeals
Fiduciary shall

	 	(A)	 	consult with a health care professional who
has appropriate training and experience in the field of medicine
involved in the medical judgment; and
	 
	 	(B)	 	identify the medical and vocational experts
whose advice was obtained on behalf of the Plan in connection with
the denial without regard to whether the advice was relied upon in
making the determination to deny the claim.

	 	 	 	Notwithstanding the foregoing, the health care professional consulted pursuant to
this Subsection (2) shall be an individual who was not consulted with respect to
the initial denial of the claim that is the subject of the appeal or a subordinate
of such individual.

5

 

	 	(e)	 	Hearing. Upon receiving such written application for review, the
Administrator or Appeals Fiduciary, as applicable, may schedule a hearing for purposes
of reviewing the claimant’s claim, which hearing shall take place not more than thirty
(30) days from the date on which the Administrator or Appeals Fiduciary received such
written application for review.
	 
	 	(f)	 	Notice of Hearing. At least ten (10) days prior to the scheduled hearing,
the claimant and his representative designated in writing by him, if any, shall
receive written notice of the date, time, and place of such scheduled hearing. The
claimant or his representative, if any, may request that the hearing be rescheduled,
for his convenience, on another reasonable date or at another reasonable time or
place.
	 
	 	(g)	 	Counsel. All claimants requesting a review of the decision denying their
claim for benefits may employ counsel for purposes of the hearing.
	 
	 	(h)	 	Decision on Review. No later than sixty (60) days (forty-five (45) days with
respect to a claim for benefits due to the Participant’s Total Disability) following
the receipt of the written application for review, the Administrator or the Appeals
Fiduciary, as applicable, shall submit its decision on the review in writing to the
claimant involved and to his representative, if any, unless the Administrator or
Appeals Fiduciary determines that special circumstances (such as the need to hold a
hearing) require an extension of time, to a day no later than one hundred twenty (120)
days (ninety (90) days with respect to a claim for benefits due to the Participant’s
Total Disability) after the date of receipt of the written application for review. If
the Administrator or Appeals Fiduciary determines that the extension of time is
required, the Administrator or Appeals Fiduciary shall furnish to the claimant written
notice of the extension before the expiration of the initial sixty (60) day
(forty-five (45)
days with respect to a claim for benefits due to the Participant’s Total
Disability) period. The extension notice shall indicate the special circumstances
requiring an extension of time and the date by which the Administrator or Appeals
Fiduciary expects to render its decision on review. In the case of a decision
adverse to the claimant, the Administrator or Appeals Fiduciary shall provide to
the claimant written notice of the denial which shall include:

	 	(i)	 	the specific reasons for the decision;
	 
	 	(ii)	 	specific references to the pertinent provisions of the Plan
on which the decision is based;
	 
	 	(iii)	 	a statement that the claimant is entitled to receive, upon
request and free of charge, reasonable access to, and copies of, all
documents, records, and other information relevant to the claimant’s claim for
benefits;

6

 

	 	(iv)	 	an explanation of the Plan’s claim review procedures, and the
time limits applicable to such procedures, including a statement of the
claimant’s right to bring an action under Section 502(a) of ERISA following
the denial of the claim upon review;
	 
	 	(v)	 	in the case of a claim for benefits due to the Participant’s
Total Disability, if an internal rule, guideline, protocol or other similar
criterion is relied upon in making the adverse determination, either the
specific rule, guideline, protocol or other similar criterion; or a statement
that such rule, guideline, protocol or other similar criterion was relied upon
in making the decision and that a copy of such rule, guideline, protocol or
other similar criterion will be provided free of charge upon request;
	 
	 	(vi)	 	in the case of a claim for benefits due to a Participant’s
Total Disability, if a denial of the claim is based on a medical necessity or
experimental treatment or similar exclusion or limit, an explanation of the
scientific or clinical judgment for the denial, an explanation applying the
terms of the Plan to the claimant’s medical circumstances or a statement that
such explanation will be provided free of charge upon request; and
	 
	 	(vii)	 	in the case of a claim for benefits due to a Participant’s
Total Disability, a statement regarding the availability of other voluntary
alternative dispute resolution options.”

	 	12.	 	By adding the following Appendix E:

“APPENDIX E

MINIMUM DISTRIBUTION REQUIREMENTS

SECTION 1

GENERAL RULES

     (a) Effective Date and Precedence. The provisions of this Appendix E will
apply for purposes of determining required minimum distributions for calendar years
beginning with the 2003 calendar year. The requirements of this Appendix E will take
precedence over any inconsistent provisions of the Plan.

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

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

7

 

SECTION 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:

     (1) 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 701/2, if later.

     (2) 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.

     (3) 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.

     (4) 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 2(b), other than Section
2(b)(1) of this Appendix E, will apply as if the surviving spouse were the
Participant.

     For purposes of this Section 2(b) and Section 4 of this Appendix E, unless Section
2(b)(4) of this Appendix E applies, distributions are considered to begin on the
Participant’s Required Beginning Date. If Section 2(b) of this Appendix E applies,
distributions are considered to begin on the date distributions are required to begin to
the surviving spouse under Section 2(b)(1) of this Appendix E. 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 Section
2(b)(1)), the date distributions are considered to begin is the date distributions actually
commence.

8

 

     (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 Sections 3 and 4 of this Appendix E. 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 Code
Section 401(a)(9) and the regulations issued thereunder.

SECTION 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:

     (1) 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

     (2) 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 Section 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.

SECTION 4

REQUIRED MINIMUM DISTRIBUTIONS AFTER PARTICIPANT’S DEATH

     (a) Death On or After Date Distributions Begin.

     (1) 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:

9

 

     (i) 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.

     (ii) 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.

     (iii) 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 Designated Beneficiary in
the year following the year of the Participant’s death, reduced by one for
each subsequent year.

     (2) 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.

     (1) 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 Section 4(a).

     (2) 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.

     (3) 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

10

 

Beneficiary, and the surviving spouse dies before distributions are required to
begin to the surviving spouse under Section 2(b)(1) of this Appendix E, this
Section (b) will apply as if the surviving spouse were the Participant.

SECTION 5

DEFINITIONS

     As used in this Appendix E, the following words and phrases shall have the meaning set forth
below:

     (a) Designated Beneficiary. The individual who is designated as the
Beneficiary under Section 13.04 of the Plan and is the designated Beneficiary under Section
401(a)(9) of the Internal Revenue Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury
Regulations.

     (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 Section 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 Section 1.401(a)(9)-9 of the Treasury Regulations.

     (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 Section 1.29 of the Plan.”

     Except as specifically amended hereby, the Plan shall remain in full force and effect prior to
this Amendment Number Three.

11

 

     IN WITNESS WHEREOF, the Company has caused this Amendment Number Three to be executed on the
day and year first above written.

	 	 	 	 	 	 	 
	 	 	COUNTRYWIDE FINANCIAL CORPORATION	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ THOMAS H. BOONE
 

Thomas H. Boone
	 	 
	 

	 	Title:
	 	Senior Managing Director, Chief	 	 
	 

	 	 	 	Administrative Officer	 	 

ATTEST:

	 	 	 
	/s/ GERARD A. HEALY
 
 

	 	 
	Title: Assistant Secretary
	 	 
	 
	 	 
	          [CORPORATE SEAL]
	 	 

12

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]