Document:

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                                                             Exhibit (10)(b)(iv)

                                Fourth Amendment
                                     to the
                        McDonald's Profit Sharing Program

     The McDonald's Profit Sharing Program, as amended and restated effective
November 1, 1998 (the "Program"), and amended thereafter effective June 1, 2000,
January 1, 2001 and March 1, 2001 is hereby further amended, effective November
1, 1998 as follows:

                                       I.

     Section 1.14(c) is hereby amended by deleting the phrase "effective before
January 1, 1988" and inserting in its place the phrase "effective January 1,
1998".

                                       II.

     The last paragraph of Section 4.1(c) is hereby amended to read as follows:

               A Participant's Employer Matching Contributions, LESOP Employer
          Matching Allocations, LESOP Employer Matching Contributions, Special
          Section 401(k) Contributions or Participant Elected Contributions
          which are counted for purposes of the Required ADP Test pursuant to
          Section 5.2(e) shall not be counted for purposes of calculating such
          Participant's Average Contribution Percentage. In addition, the
          Special Section 401(k) Employer Contributions and any other qualified
          matching contributions and/or qualified nonelective contributions (as
          defined in Treas. Reg. Section 1.401(k)-1(g)(13)) used to satisfy the
          Required ACP Test in Section 4.1(d) for any Plan Year may not be used
          to satisfy the Required ACP Test for any other Plan Year. The Special
          Section 401(k) Employer Contributions and any other qualified matching
          contributions and/or qualified nonelective contributions (as defined
          in Treas. Reg. Section 1.401(k)-1(g)(13)) used to satisfy the Required
          ACP Test for any Plan Year must be contributed to the Trust no later
          than the last of the Plan Year following the Plan Year for which such
          contributions are so used.

                                      III.

     Section 4.1(d) is hereby amended to read as follows:

<PAGE>

               (d)  Required Actual Contribution Percentage Test and Adjustment.
          The Average ACP for the group of Highly Compensated Employees for a
          Plan Year beginning on or after January 1, 1997 shall bear a
          relationship to the Average ACP for all Non-highly Compensated
          Employees for such Plan Year which meets at least one of the following
          tests ("Required ACP Test"):

                    (1) The Average ACP for the Plan Year for the group of
               Active Participants who were Non-highly Compensated Employees in
               that year multiplied by 1.25 is greater than or equal to the
               Average ACP for the Plan Year for the Active Participants who
               were Highly Compensated Employees; or

                    (2) The excess of the Average ACP for the Plan Year for the
               group of Highly Compensated Employees who are Active Participants
               over the Average ACP for the Plan Year for Non-highly Compensated
               Employees who were Active Participants is not more than 2
               percentage points, and the Average ACP for the Plan Year for the
               group of Highly Compensated Employees who are Active Participants
               is not more than the Average ACP for the Plan Year of all
               Non-highly Compensated Employees who are Active Participants
               multiplied by 2.

               If the Required ACP Test for a Plan Year is not met and, if the
          Company does not elect to make Special Section 401(k) Employer
          Contributions or to count Participant Elected Contributions for
          purposes of the Required ACP test with respect to the Plan Year
          sufficient to result in the Required ACP test being passed, then the
          Committee shall reduce Employer Matching Contributions and Forfeitures
          (which for this purpose shall include any Participant Elected
          Contributions counted in the Required ACP Test) or the LESOP Employer
          Matching Allocations and LESOP Employer Matching Contributions that
          Active Participants who are Highly Compensated Employees for the Plan
          Year (or a portion of such Active Participants) may defer in the
          following steps:

               Step 1. The Committee shall first determine the dollar amount of
          the reductions which would have to be made to the Employer Matching
          Contributions and Forfeitures allocated therewith or LESOP Employer
          Matching Allocations and LESOP Employer Matching Contributions of
          Highly Compensated Employees who are Active Participants for the Plan
          Year in order that the Average ACP of the Highly Compensated Employees
          would not exceed both the amounts permitted in Sections 4.1(d)(1) and
          (d)(2). Such amount shall be calculated by first determining

                                       -2-

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          the dollar amount by which the Employer Matching Contributions and any
          Forfeitures allocated therewith or LESOP Employer Matching Allocations
          and LESOP Employer Matching Contributions and any Forfeitures
          allocated therewith of the Highly Compensated Employees who have the
          highest Actual Contribution Percentage would have to be reduced until
          the first to occur of: (i) such Highly Compensated Employees' Actual
          Contribution Percentage, after the reductions made on account of any
          reductions made under Section 5.2, would become tied with the Actual
          Contribution Percentage of one or more other Highly Compensated
          Employees or (ii) the Average ACP of all of the Highly Compensated
          Employees, as recalculated after the reductions made under this Step
          1, no longer would exceed the amounts permitted in both Sections
          4.1(d)(1) and (d)(2). Then, unless the Average ACP of the Highly
          Compensated Employees, as recalculated after the reductions made under
          this Step 1, would no longer exceed the amounts permitted in both
          Sections 4.1(d)(1) and (d)(2) if the total amount of such reductions
          were made, the reduction process shall be repeated by determining the
          dollar amount of reductions which would have to be made to the
          Employer Matching Contributions and Forfeitures allocated therewith or
          LESOP Employer Matching Allocations and LESOP Employer Matching
          Contributions and any Forfeitures allocated therewith of the group of
          Active Participants who are Highly Compensated Employees who after all
          prior reductions made in this Step 1 would have the highest Actual
          Contribution Percentage until the first to occur of: (iii) the Actual
          Contribution Percentage, including the prior reductions made in this
          Step 1, of each person in such group becomes tied with that of one or
          more other Active Participants who are Highly Compensated Employees or
          (iv) the Average ACP of all of the Active Participants who are Highly
          Compensated Employees, after the prior reductions were made, no longer
          would exceed both the amounts permitted in Sections 4.1(d)(1) and
          (d)(2). This process is repeated until the Average ACP of all of the
          Active Participants who are Highly Compensated Employees, after all
          reductions, would no longer exceed the amounts described in both
          Sections 4.1(d)(1) and (d)(2).

               Step 2. Next, the Committee shall determine the total dollar
          amount of reductions to the Employer Matching Contributions and
          Forfeitures or LESOP Employer Matching Allocations and LESOP Employer
          Matching Contributions calculated under Step 1 ("Total Excess
          Contributions").

               Step 3. Finally, the Committee shall reduce the Employer Matching
          Contributions and Forfeitures or LESOP Employer Matching Allocations
          and LESOP Employer Matching

                                       -3-

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          Contributions of the Active Participants who are Highly Compensated
          Employees with the highest total dollar amount of such contributions
          by the lesser of the amount which either: (i) causes such Highly
          Compensated Employees' Employer Matching Contributions and Forfeitures
          or LESOP Employer Matching Allocations and LESOP Employer Matching
          Contributions to equal the total dollar amount of the Employer
          Matching Contributions and Forfeitures or LESOP Employer Matching
          Allocations and LESOP Employer Matching Contributions of the Highly
          Compensated Employees with the next highest dollar amount of Employer
          Matching Allocations and LESOP Employer Matching Contributions and
          Forfeitures or LESOP Employer Matching Allocations and LESOP Employer
          Matching Contributions or (ii) reduces the total of the Highly
          Compensated Employee's Employer Matching Contributions or LESOP
          Employer Matching Allocations and LESOP Employer Matching
          Contributions (and any Forfeitures allocated therewith) by the Total
          Excess Contributions. Then, unless the total amount of reductions made
          to Highly Compensated Employees' Employer Matching Contributions or
          LESOP Employer Matching Allocations and LESOP Employer Matching
          Contributions (and any forfeitures allocated therewith) under this
          Step 3 equals the amount of Total Excess Contributions, the reduction
          process shall be repeated by reducing the Employer Matching
          Contributions or LESOP Employer Matching Allocations and LESOP
          Employer Matching Contributions (and any Forfeitures allocated
          therewith) of the group of Highly Compensated Employees with the
          highest dollar amount of Employer Matching Contributions or LESOP
          Employer Matching Allocations and LESOP Employer Matching
          Contributions, after the prior reductions made in this Step 3, by the
          lesser of the amount which either: (iii) causes such Highly
          Compensated Employees' Employer Matching Contributions or LESOP
          Employer Matching Allocations and LESOP Employer Matching
          Contributions (and any Forfeitures allocated with such contributions)
          made in this Step 3 to equal the dollar amount of the Employer
          Matching Contributions or LESOP Employer Matching Allocations and
          LESOP Employer Matching Contributions (and any Forfeitures allocated
          with such contributions) of other Highly Compensated Employees with
          the next highest dollar amount of Employer Matching Contributions or
          LESOP Employer Matching Allocations and LESOP Employer Matching
          Contributions (and any Forfeitures allocated with such contributions)
          or (iv) causes total reductions to equal the Total Excess
          Contributions. This process is repeated with each successive group of
          Highly Compensated Employees with the highest dollar amount, after the
          prior reductions of the Employer Matching Contributions or LESOP
          Employer Matching Allocations and LESOP Employer

                                       -4-

<PAGE>

          Matching Contributions (and any Forfeitures allocated with such
          contributions) made under this Step 3 until the total reductions equal
          the Total Excess Contributions.

               The Committee shall reduce and distribute Employer Matching
          Contributions or LESOP Employer Matching Allocations and LESOP
          Employer Matching Contributions (and any Forfeitures allocated with
          such contributions) equal to the Total Excess Contributions for the
          Plan Year and any income, gains or losses attributable thereto, as
          determined in accordance with Section 5.3, to Highly Compensated
          Employees as determined in Step 3 no later than the last day of the
          Plan Year following the Plan Year with respect to which such reduced
          Employer Matching Contributions, LESOP Employer Matching Allocations
          and LESOP Employer Matching Allocations and LESOP Employer Matching
          Contributions (and any forfeitures allocated with such contributions)
          were made.

                                      IV.

     Section 4.1 is hereby amended to add a new subsection (e) to the end
thereof to read as follows:

               (e) Aggregation. The Actual Contribution Percentage for any
          Highly Compensated Employee who is an Active Participant for the Plan
          Year and is also eligible to have employee nondeductible contributions
          or to have matching contributions (within the meaning of Section
          401(m)(4)(A) of the Code) or qualified nonelective contributions
          (within the meaning of Treas. Reg. Section 1.401(k)-1(g)(13))
          allocated under one or more Related Plans subject to Code Section
          401(m) (other than those that may not be permissively aggregated with
          the Plan) shall be determined as if the employee nondeductible
          contributions, matching contributions and qualified nonelective
          contributions made under the Related Plans for such Plan Year had been
          made under this Plan. If a Highly Compensated Participant participates
          in two or more Related Plans subject to Code Section 401(m) that have
          different plan years, all such Related Plans ending with or within the
          same calendar year shall be treated as a single arrangement.

               In the event this Plan satisfies the requirements of Code
          Sections 401(m), 401(a)(4) or 410(b) (other than Code Section
          410(b)(2)(A)(ii)) only if aggregated with one or more Related Plans,
          or if one or more Related Plans satisfy the requirements of

                                       -5-

<PAGE>

          such Sections of the Code only if aggregated with this Plan, then
          Section 4.1 shall be applied by determining the actual contribution
          percentages of Participants as if this Plan and all such Related Plans
          were a single plan; provided, however, that the Plan and one or more
          Related Plans may be aggregated in order to satisfy the
          non-discrimination rules of Section 401(m) of the Code only if the
          Plan and such Related Plans have the same plan year and apply the same
          testing method under Code Section 401(m)(2).

                                       V.

     The first sentence of Section 4.7 is hereby amended to read as follows:

          The provisions of this Section 4.7 shall be effective on and after
          December 12, 1994 and shall apply to each person reemployed by an
          Employer after a period of uniformed service with reemployment rights
          under Chapter 43 of Title 38, United States Code ("Qualified Uniformed
          Service"); provided that any Employee seeking benefits under this
          Section 4.7 shall notify the Benefits Accounting Department of his
          eligibility and provide such information and proof, including but not
          limited to his certificate of service, as shall reasonably be required
          to confirm the Employee's eligibility.

                                      VI.

     Section 5.2(d) is hereby amended by adding a new paragraph following
Section 5.2(d)(3) to read as follows:

               The Special Section 401(k) Employer Contributions and any other
          qualified matching contributions and/or qualified nonelective
          contributions (as defined in Treas. Reg. Section 1.401(k)-1(g)(13))
          used to satisfy the Required ADP Test in Section 5.2(e) for any Plan
          Year may not be used to satisfy the Required ADP Test for any other
          Plan Year. The Special Section 401(k) Employer Contributions and any
          other qualified matching contributions and/or qualified nonelective
          contributions (as defined in Treas. Reg. Section 1.401(k)-1(g)(13))
          used to satisfy the Required ADP Test for any Plan Year must be
          contributed to the Trust no later than the last of the Plan Year
          following the Plan Year for which such contributions are so used.

                                       -6-

<PAGE>

                                      VII.

          Section 5.2(e) is hereby amended to read as follows:

                    (e)  Required ADP Test. The Average ADP for Active
               Participants who are Highly Compensated Employees for the Plan
               Year bears a relationship to the Average ADP for Non-highly
               Compensated Employees who were Active Participants for the Plan
               Year for Plan Years beginning in 1997 and thereafter, which meets
               either of the following tests ("Required ADP Test"):

                         (1) The Average ADP for the Plan Year for the group of
                    Active Participants who were Non-highly Compensated
                    Employees in that year multiplied by 1.25 is greater than or
                    equal to the Average ADP for the Plan Year for the Highly
                    Compensated Employees; or

                         (2) The excess of the Average ADP for the Plan Year for
                    the group of Highly Compensated Employees who are Active
                    Participants over the Average ADP for the Plan Year of all
                    Non-highly Compensated Employees who were Active
                    Participants is not more than 2 percentage points, and the
                    Average ADP for the Plan Year for the group of Highly
                    Compensated Employees who are Active Participants is not
                    more than the Average ADP for the Plan Year of all
                    Non-highly Compensated Employees who were Active
                    Participants multiplied by 2.

                    If the Required ADP Test for a Plan Year is not met and, if
               the Company does not elect to make Special Section 401(k)
               Employer Contributions or elect to count some or all of Employer
               Matching Contributions, LESOP Employer Matching Allocations and
               LESOP Employer Matching Contributions and Forfeitures allocated
               with each respective type of contribution for purposes of the ADP
               test with respect to the Plan Year sufficient to result in the
               Required ADP Test being passed, then the Committee shall reduce
               Participant Elected Contributions (which for this purpose shall
               include any Employer Matching Contributions, LESOP Employer
               Matching Allocations and LESOP Employer Matching Contributions
               and Forfeitures allocated with each respective type of
               contribution counted in the Required ADP Test) and any Employer
               Matching Contributions, LESOP Employer Matching Allocations and
               LESOP Employer Matching Contributions and Forfeitures allocated
               with each respective type of contribution allocated with respect
               to reduced Participant Elected Contributions that Active
               Participants who are Highly Compensated Employees

                                       -7-

<PAGE>

               for the Plan Year (or a portion of such Active Participants) may
               defer in the following steps:

                    Step 1. The Committee shall first determine the dollar
               amount of the reductions which would have to be made to the
               Participant Elected Contributions of Highly Compensated Employees
               who are Active Participants for the Plan Year in order that the
               Average ADP of the Highly Compensated Employees would not exceed
               the amounts permitted in both Sections 5.2(e)(1) and (e)(2). Such
               amount shall be calculated by first determining the dollar amount
               by which the Participant Elected Contributions of Highly
               Compensated Employees who have the highest Actual Deferral
               Percentage would have to be reduced until the first to occur of:
               (i) such Employees' Actual Deferral Percentage, after the
               reductions under Section 5.2(b), would become tied with the
               Actual Deferral Percentage of one or more other Highly
               Compensated Employees or (ii) the Average ADP of all of the
               Highly Compensated Employees, as recalculated after any prior
               reductions under Section 5.2(b), no longer would exceed the
               amounts permitted in both Sections 5.2(e)(1) and (e)(2). Then,
               unless the recalculated Average ADP of the Highly Compensated
               Employees no longer exceeds the amounts permitted in both
               Sections 5.2(e)(1) and (e)(2), the reduction process shall be
               repeated by determining the amount of reductions which would have
               to be made to the Participant Elected Contributions of Highly
               Compensated Employees who after all prior reductions would have
               the highest Actual Deferral Percentage until the first to occur
               of: (iii) the Actual Deferral Percentage, after any prior
               reductions under Sections 5.2(b), 4.2(c) and this Step 1, of each
               person in such group becomes tied with that of one or more other
               Highly Compensated Employees or (iv) the Average ADP of all of
               the Highly Compensated Employees, after the prior reductions, no
               longer would exceed the amounts permitted in both Sections
               5.2(e)(1) and (e)(2). This process is repeated until the Average
               ADP of the Highly Compensated Employees, after all reductions,
               would no longer exceed the amounts permitted in both Sections
               5.2(e)(1) and (e)(2).

                    Step 2. Determine the total dollar amount of reductions to
               the Participant Elected Contributions calculated under Step 1
               ("Total Excess Deferrals").

                    Step 3. The Participant Elected Contributions (which for
               this purpose shall include any other contributions counted for
               purposes of calculating the Required ADP Test) of the Highly
               Compensated Employees with the highest dollar amount of
               Participant Elected Contributions shall be reduced by the lesser
               of

                                       -8-

<PAGE>

               the dollar amount which either (i) causes such Highly Compensated
               Employees' Participant Elected Contributions to equal the dollar
               amount of the Participant Elected Contributions of the Highly
               Compensated Employees with the next highest dollar amount of
               Participant Elected Contributions or (ii) reduces the total of
               all Highly Compensated Employees' Participant Elected
               Contributions by the Total Excess Contributions. Then, unless the
               total amount of reductions made to Highly Compensated Employees'
               Participant Elected Contributions under this Step 3 equals the
               amount of the Total Excess Deferrals, the reduction process shall
               be repeated by reducing the Participant Elected Contributions of
               the group of Highly Compensated Employees with the highest dollar
               amount of Participant Elected Contributions, after the prior
               reductions made in this Step 3, by the lesser of the amount which
               either: (iii) causes such Highly Compensated Employees'
               Participant Elected Contributions after reductions made in
               Section 5.2(b) and made in this Step 3 to equal the dollar amount
               of the Participant Elected Contributions of the Highly
               Compensated Employees with the next highest dollar amount of
               Participant Elected Contributions or (iv) causes total reductions
               to equal the Total Excess Contributions. This process is repeated
               with each successive group of Highly Compensated Employees with
               the highest dollar amount, after the prior reductions, of the
               Participant Elected Contributions until the total reductions made
               under this Step 3 equal the Total Excess Contributions.

                    The Committee shall reduce and distribute the Total Excess
               Deferrals for the Plan Year and any income, gains or losses
               attributable thereto, as determined in accordance with Section
               5.3, to Highly Compensated Employees as determined under Step 3
               no later than the last day of the Plan Year following the Plan
               Year with respect to which such reduced Participant Elected
               Contributions were made.

                    If Employer Matching Contributions, LESOP Employer Matching
               Allocations or LESOP Employer Matching Contributions and any
               Forfeitures allocated with each respective type of contribution
               are included in calculating the Average ADP for a Plan Year, any
               such contributions reduced hereunder shall be distributed to
               Participants in the same manner as Participant Elected
               Contributions are distributed (including any income allocable
               thereto). If Employer Matching Contributions, LESOP Employer
               Matching Allocations, LESOP Employer Matching Contributions and
               any Forfeitures allocated with each respective type of
               contribution are not included in calculating the Average ADP for
               the Plan Year, any amount of Employer Matching

                                       -9-

<PAGE>

               Contributions, LESOP Employer Matching Allocations and LESOP
               Employer Matching Contributions and any Forfeitures allocated
               with each respective type of contribution therewith which are
               reduced hereunder because such contributions were originally
               allocated with respect to Participant Elected Matched
               Contributions which are reduced to meet the above tests shall
               become a Forfeiture and shall be allocated with other
               Participants' Employer Matching Contribution, LESOP Employer
               Matching Allocations and LESOP Employer Matching Contributions
               and any Forfeitures allocated with each respective type of
               contribution, in proportion to the Employer Matching
               Contributions, LESOP Employer Matching Allocations and LESOP
               Employer Matching Contributions and Forfeitures, respectively,
               allocated therewith to such Accounts pursuant to Sections 7.2 or
               7.3, as applicable.

                                      VIII.

          Section 5.2 is hereby amended to add a new subsection (f) to the end
thereof to read as follows:

                    (f) Aggregation. The Actual Deferral Percentage for any
               Highly Compensated Employee who is an Active Participant for the
               Plan Year and is also eligible to have elective deferrals (within
               the meaning of Section 402(g) of the Code) or qualified matching
               contributions or qualified nonelective contributions (within the
               meaning of Treas. Reg. Section 1.401(k)-1(g)(13)) allocated under
               one or more Related Plans subject to Code Section 401(k) (other
               than those that may not be permissively aggregated with the Plan)
               shall be determined as if the elective deferrals, qualified
               matching contributions and qualified nonelective contributions
               made under the Related Plans for such Plan Year had been made
               under this Plan. If a Highly Compensated Participant participates
               in two or more Related Plans subject to Code Section 401(k) that
               have different plan years, all such Related Plans ending with or
               within the same calendar year shall be treated as a single
               arrangement.

                    In the event this Plan satisfies the requirements of Code
               Sections 401(k), 401(a)(4) or 410(b) (other than Code Section
               410(b)(2)(A)(ii)) only if aggregated with one or more Related
               Plans, or if one or more Related Plans satisfy the requirements
               of such Sections of the Code only if aggregated with this Plan,
               then Section 5.2 shall be applied by determining the Actual
               Deferral Percentages of Participants as if this Plan and all such
               Related Plans were a single plan; provided, however, that the
               Plan and one

                                      -10-

<PAGE>

               or more Related Plans may be aggregated in order to
               satisfy the non-discrimination rules of Section 401(k)
               of the Code only if the Plan and such Related Plans
               have the same plan year and apply the same testing
               method under Code Section 401(k)(3).

                                       IX.

     The portion of Section 9.1(d) that precedes Section 9.1(d)(1) is hereby
amended to read as follows:

               If a Participant has an Annual Excess for a Plan Year
               resulting from contributions based on estimated annual
               compensation, allocation of forfeitures, or a
               reasonable error in determining the amount of elective
               deferrals under Code Section 402(g)(3), such excess
               shall not be allocated to the Participant's Accounts,
               but shall be eliminated as follows:

                                       X.

     Section 11.11 is hereby amended by adding the following new paragraph to
the end thereof read as follows:

                    Notwithstanding the foregoing provisions of this
               Section 11.11, the Committee shall not direct the
               immediate distribution of any portion of the
               Participant's vested Net Balance Account prior to March
               22, 1999 (or prior to October 17, 2000 if the
               distribution is subject to the survivor annuity
               requirements of Section 11.2(e)) without the
               Participant's written consent (or without the written
               consent of the Participant and the Participant's spouse
               if the distribution is subject to the survivor annuity
               requirements of Section 11.2(e)) if the Participant's
               vested Net Balance Account exceeded $5,000 at the time
               of any prior distribution.

                                       XI.

     Section 11.13(e) is hereby amended to add the following sentence to the end
thereof to read as follows:

                                      -11-

<PAGE>

               If a Participant elects to discontinue distributions
               under this Section 11.13(e), a new annuity starting
               date shall apply to the subsequent recommencement of
               distributions.

                                      XII.

     Section 11.17(c)(1) is hereby amended to read as follows:

                    (1) "Eligible Rollover Distribution" means any
               distribution of all or any portion of the balance to
               the credit of the Distributee, except that an Eligible
               Rollover Distribution does not include: any
               distribution that is one of a series of substantially
               equal periodic payments (not less frequently than
               annually) made for the life (or life expectancy) of the
               Distributee or the joint lives (or joint life
               expectancies) of the Distributee and the Distributee's
               designated Beneficiary, or for a specified period of
               ten years or more; any distribution to the extent such
               distribution is required under Section 11.13; the
               portion of any distribution that is not includable in
               gross income (determined without regard to the
               exclusion for net unrealized appreciation with respect
               to employer securities); and effective for
               distributions made on or after January 1, 2000, any
               hardship withdrawal described in Code Section
               401(k)(2)(B)(i)(IV) which are attributable to elective
               deferrals described in Treas. Reg. Section
               1.401(k)-1(d)(2)(ii).

                                      XIII.

     Section 15.2(b)(1)(B) is hereby amended to delete the phrase "Section
401(a)(4) and Section 410(b)" and insert in its place the phrase "Section
401(a)(4) or Section 410(b)".

                                      XIV.

     Section 15.2(d)(2)(A) is hereby amended as follows:

                    (A) have annual Considered Compensation from the
               Employer, Commonly Controlled Entity or member of an
               Affiliated Service Group for such Plan Year greater
               than the amount in effect under Section 415(c)(1)(A) of
               the Internal Revenue Code for the calendar year in
               which such Plan Year ends (the greater of $30,000 for
               1996, adjusted in subsequent years as determined in
               accordance with regulations prescribed by the

                                      -12-

<PAGE>

               Secretary of the Treasury or his delegate pursuant to
               the provisions of Section 415(d) of the Internal
               Revenue Code); and

                                      XV.

     Section 15.2(f) is hereby amended by adding a new sentence to the end
thereof to read as follows:

               The accrued benefit of any Non-Key Employee who was a
               Key Employee for any prior Plan Year shall be excluded
               in computing the Present Value of Accrued Benefits.

                                      XVI.

     Except as herein amended, the Plan shall remain in full force and effect.

     Executed in multiple originals this 12th day of June, 2002.

                                              McDonald's Corporation

                                              By:  /s/ Stanley R. Stein
                                                   -----------------------------

                                              Its: Executive Vice President
                                                   -----------------------------

                                      -13-<PAGE>

                                                        Exhibit (10)(h)

                                                        Dated as of May 23, 2002

Mr. Gordon C. Gray
BHP Billiton
120 Adelaide Street West
Suite 2600
Toronto, Ontario M 5H 1W5
Canada

Dear Gordon:

     This letter will acknowledge your agreement to serve for a second term as a
Senior Director of McDonald's Corporation, effective immediately following the
Company's 2002 Annual Meeting of Shareholders, held on May 23, 2002.

     As you know, your service as a Senior Director shall be at the pleasure of
the Board on the following terms and conditions:

     .    Senior Directors may attend Board meetings and meetings of Committees
          upon which they served at the time of their retirement as Directors,
          but shall not have the right to vote at any such meeting.

     .    Senior Directors shall be designated annually for a one-year term, but
          may not serve more than two such one-year terms.

     .    Senior Directors shall be compensated in the same manner as Directors,
          except that Senior Directors shall not be compensated for attending
          Committee meetings.

     .    Senior Directors shall be expressly indemnified by resolution of the
          Board of Directors under the provisions of the Company's By-Laws.

<PAGE>

         We thank you for your willingness to continue to share your advice and
counsel with the Board and McDonald's management.

                                     Sincerely,

                                     /s/ Gloria Santona
                                     ------------------
                                     Gloria Santona
                                      Senior Vice President, General Counsel
                                         and Secretary

Accepted as of May 23, 2002

/s/ Gordon C. Gray
----------------------------------
Gordon C. Gray

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00041-of-00352.parquet"}]]