Document:

Exhibit 4.1.6

 

EXHIBIT 4.1.6

AMENDMENT NUMBER SIX TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     THIS AMENDMENT is made on this 27th day of June, 2005, by the Countrywide Financial
Corporation Administrative Committee For Employee Benefit Plans (the “Committee”).

W I T N E S S E T H:

     WHEREAS, Countrywide Financial Corporation maintains the Countrywide Financial Corporation
401(k) Savings and Investment Plan (the “Plan”);

     WHEREAS, the Committee now wishes to amend the Plan to modify its provisions relating to
automatic rollover distributions to comply with § 401(a)(31)(B) of the Internal Revenue Code
(“Code”) as amended by the Economic Growth and Tax Relief Reconciliation Act of 2001, Pub. L.
107-16 (“EGTRRA”);

     WHEREAS, this amendment shall supersede the provisions of the Plan to the extent those
provisions are inconsistent with the provisions of this Amendment Number Six; and

     WHEREAS, unless otherwise provided herein, this Amendment Number Six shall be effective for
distributions made on and after March 28, 2005:

     NOW, THEREFORE, the Committee does hereby amend Section 13.01 in its entirety, as follows:

13.01 Termination of Employment Prior to Age 65

In the event a Participant terminates employment with the Company or an Affiliated Company prior to
attaining age 65 for any reason other than death, the Participant shall be entitled to receive a
distribution of the vested balance in his or her Account as of any Valuation Date following
termination of employment.

	(a)	 	Effective March 1, 1999, if the vested balance of the Participant’s Account does not exceed
$5,000 ($3,500 prior to March 1, 1999), or, for distributions after March 21, 1999, exceeds
$5,000 at the time the Participant terminates employment and at a later time is reduced to an
amount not greater than $5,000, the Plan shall distribute the Participant’s entire
nonforfeitable Account balance as soon as practicable.
	 
	(b)	 	Effective for distributions made on and after March 28, 2005, if the vested balance of the
Participant’s Account does not exceed $1,000, or exceeds $1,000 at the time the Participant
terminates employment and at a later time is reduced to an amount not greater than $1,000, the
Plan shall distribute the Participant’s entire nonforfeitable Account balance as soon as
practicable.

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	(c)	 	Effective for distributions made on and after March 28, 2005, in the event that the vested
balance of a Participant’s Account is greater than $1,000, but does not exceed $5,000 in
accordance with the provisions of this Section 13.01, if the Participant does not elect to
have such distribution paid directly to an eligible retirement plan specified by the
Participant in a direct rollover or to receive the distribution directly in accordance with
this Section 13.01, then the Administrator will pay the distribution in a direct rollover to
an individual retirement plan designated by the Administrator.
	 
	(d)	 	If the vested balance of a Participant’s Account exceeds $5,000, no distribution will be made
without the Participant’s prior written consent. If such consent is not given, distribution
shall be made as soon as practicable following the earlier of:

	 	i.	 	the date on which the Administrator receives a properly completed
distribution election form; or
	 
	 	ii.	 	(A) the earliest practicable date following the Valuation Date following the
Participant’s termination of employment or (B) the earliest practicable date following
the Valuation Date next following his or her 65th birthday, if later, at
which time the Participant’s nonforfeitable interest shall be automatically paid to
him or her.

	(e)	 	For purposes of this section for distributions made before March 28, 2005, the value of a
Participant’s nonforfeitable Account balance shall be determined without regard to that
portion of the Account balance that is attributable to rollover contributions (and earnings
allocable thereto) within the meaning of Sections 402(c), 403(a)(4), 403(b)(8)
408(d)(3)(A)(ii) and 457(e)(16) of the Code.

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

     IN WITNESS WHEREOF, the Committee has caused this Amendment Number Six to be executed on July
5, 2005.

	 	 	 	 	 	 	 
	 	 	COUNTRYWIDE FINANCIAL CORPORATION

ADMINISTRATIVE COMMITTEE FOR
EMPLOYEE BENEFIT PLANS	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MARSHALL GATES
 

	 	 
	 	 	Marshall Gates
	 	 
	 	 	Senior Managing Director/Chief Administrative Officer
	 	 

	 	 	 
	ATTEST:
	 	 
	 
	 	 
	/s/ GERARD A. HEALY
 
 

	 	 
	Title:
SVP, Assistant General Counsel
	 	 

3Exhibit 4.1.7

 

EXHIBIT 4.1.7

AMENDMENT NUMBER SEVEN TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     THIS AMENDMENT is made on this 27th day of June, 2005, by the Countrywide Financial
Corporation Administrative Committee For Employee Benefit Plans (the “Committee”).

W I T N E S S E T H:

     WHEREAS, Countrywide Financial Corporation maintains the Countrywide Financial Corporation
401(k) Savings and Investment Plan (the “Plan”);

     WHEREAS, the Committee now wishes to amend the Plan to provide for service credit and other
matters relative to Joint Ventures.

     NOW, THEREFORE, the Committee does hereby amend the Plan, effective as of June 27, 2005 to
amend Appendix D as attached hereto and incorporated by reference.

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

     IN WITNESS WHEREOF, the Committee has caused this Amendment Number Seven to be executed on
July 5, 2005.

	 	 	 	 	 	 	 
	 	 	COUNTRYWIDE FINANCIAL CORPORATION

ADMINISTRATIVE COMMITTEE FOR

EMPLOYEE BENEFIT PLANS	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MARSHALL M. GATES
 

     Marshall Gates
	 	 
	 	 	Senior Managing Director/Chief Administrative Officer	 	 

	 	 	 
	ATTEST:
	 	 
	 
	 	 
	/s/ GERARD A.HEALY
 

	 	 

	 	 	 	 	 
	Title:

	 	SVP, Assistant General Counsel
 

	 	 

 

 

APPENDIX D

SPECIAL SERVICE RECOGNITION PROVISIONS AND LOAN ROLLOVERS

     The following table sets forth certain corporations or other trades or businesses acquired by
the Participating Employer and the degree to which pre-acquisition service shall be recognized
hereunder pursuant to section 2.13 hereof and as specified in a resolution of the Board of
Directors.

	 	 	 	 	 
	Acquired Company	 	Recognition of Service	 	Effective Date
	Leshner Financial, Inc.

	 	Pre-acquisition service shall be
recognized for purposes of
eligibility to participate and
vesting.
	 	February 28, 1997
	 
	 	 	 	 
	Balboa Life Insurance Company

	 	Pre-acquisition service with
Balboa, Textron, AVCO and
Associates shall be recognized
for purposes of eligibility to
participate, vesting and eligibility
for matching contributions.
	 	November 30, 1999
	 
	 	 	 	 
	 

	 	Participant loans from the
Associates’ Savings and Profit
Plan are eligible for rollover.	 	 
	 
	 	 	 	 
	1st Plus

	 	Pre-acquisition service shall be
recognized only for purposes of
eligibility to participate and
vesting.
	 	April 1, 2000
	 
	 	 	 	 
	Bank One Trust Company 

National Association

	 	Pre-acquisition service shall be
recognized only for purposes of
eligibility to participate and
vesting.
	 	January 1, 2002
	 
	 	 	 	 
	21st Century Insurance Group

	 	Pre-acquisition service shall be
recognized only for purposes of
eligibility to participate and
vesting.
	 	February 4, 2002
	 
	 	 	 	 
	Star Mountain Mortgage

	 	Pre-acquisition service shall be
recognized only for purposes of
eligibility to participate and
vesting.
	 	May 9, 2003

D-1

 

	 	 	 	 	 
	Acquired Company	 	Recognition of Service	 	Effective Date
	Seattle Mortgage Company

	 	Pre-acquisition service shall be
recognized only for purposes of
eligibility to participate and
vesting.
	 	March 1, 2004
	 
	 	 	 	 
	First Northwest Mortgage

	 	Pre-acquisition service shall be
recognized only for purposes of
eligibility to participate and
vesting.
	 	February 1, 2005

     Special Rules in Connection with Joint Ventures

     Notwithstanding any provision of the Plan to the contrary, the following rules shall apply in
connection with Joint Ventures.

     (a) A Joint Venture is, as determined by the Plan Administrator, in its sole discretion, a
joint venture, partnership, strategic alliance or other similar arrangement with a third party.

     (b) If a Participant or Eligible Employee is employed by or is transferred by a Participating
Employer to a Joint Venture, the following rules apply:

          (i) Such Participants who do not request a distribution at the time of employment by or
transfer to the Joint Venture and Eligible Employees who are transferred to or employed by a Joint
Venture shall be credited with Years of Service and Hours of Service for purposes of determining
eligibility to participate under the Plan and vested status under the Plan for all continuous
service with the Joint Venture

          (ii) If such Participant or Eligible Employee returns to or is rehired directly from the Joint
Venture by a Participating Employer as an Eligible Employee, with no intervening employment by an
employer unrelated to the Joint Venture, he or she will have immediate eligibility for Employer
Contributions if his or her combined prior service with a Participating Employer and service with a
Joint Venture satisfy the eligibility requirements therefor.

          (iii) If such Participant has an outstanding loan at the time of such employment or transfer,
he or she will not be able to repay the loan through payroll deductions, but may continue repayment
through other means, as contemplated by the Plan.

D-2

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