Document:

Exhibit 4.3

 

AMENDMENT NUMBER TWO

TO THE DEFERRED SALARY & PROFIT SHARING PLAN 

FOR EMPLOYEES OF ORBITAL SCIENCES CORPORATION

 

Pursuant to the powers of amendment reserved under Article XXVI of the Deferred Salary & Profit Sharing Plan for Employees of Orbital Sciences Corporation (the “Plan”), restated as of January 1, 2011, Orbital Sciences Corporation (the “Company”) hereby amends the Plan as follows:

 

1.

 

The first sentence of Section 22.3(b) of the Plan hereby is amended by deleting the same in its entirety and by replacing it with the following new sentence:

 

“The Committee shall have all powers necessary to administer the Plan, including the power to select the Trustee; to select the Investment Fund(s) to direct the Trustee to invest the Accounts in any investment media or cash; to construe and interpret the Plan documents; to monitor and enforce the obligation to make all required contributions to the Plan; to decide all questions relating to an individual’s eligibility to participate in the Plan; to reduce the Elective Contributions of Highly Compensated Employees; to re-characterize the elected Elective Contributions of Highly Compensated Employees; to determine the amount, manner and time of any distribution of benefits or withdrawal under the Plan; to approve and insure the repayment of any loan to a Participant under the Plan; to resolve any claim for benefits; and to appoint or employ advisors, including legal counsel, to render advice with respect to any of the Committee’s responsibilities under the Plan.”

 

2.

 

This Amendment Number Two shall be effective as of January 1, 2011.

 

IN WITNESS WHEREOF, the Company has caused this Amendment Number Two to the Plan to be signed by its duly authorized officer, effective as of the date set forth above.

 

 

	
 
    	
ORBITAL SCIENCES CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Emily Bender
    
	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
Sr. Vice President, Human Resources
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
12/19/2012Exhibit 4.4

 

AMENDMENT NUMBER THREE

TO THE DEFERRED SALARY & PROFIT SHARING PLAN 
 FOR EMPLOYEES OF ORBITAL SCIENCES CORPORATION

 

Pursuant to the powers of amendment reserved under Article XXVI of the Deferred Salary & Profit Sharing Plan for Employees of Orbital Sciences Corporation (the “Plan”), restated as of January 1, 2011, Orbital Sciences Corporation (the “Company”) hereby amends the Plan as follows:

 

1.

 

Section 14.2(a) of the Plan hereby is amended by deleting the same in its entirety and by replacing it with the following new Section 14.2(a):

 

(a)                                                                                                         Distribution Options. Plan benefits to be paid to a Participant who terminates employment shall be paid as described below.

 

(1)                                                                   Subject to the cash-out rule in Section 18.2, if a Participant terminates employment with an outstanding loan balance from the Plan, the Participant may elect in writing within 60 (sixty) days following Termination of Employment to either:

 

(i)                                                                                                                                                                                                                                     continue repaying his or her outstanding loan balance following Termination of Employment, in which case the Participant shall not be entitled to receive a distribution of his or her Plan benefits until the earlier of the date the Participant (1) fully repays the loan or (2) defaults on the loan, at which time the Participant may elect to receive his or her remaining Plan benefits in one of the forms described in paragraph (2) below; or

 

(ii)                                                                                                                                                                                                                                  forego the option of repaying his or her outstanding loan balance following Termination of Employment, in which case the loan will be considered in default pursuant to Section 20.8, and the Participant may elect to receive his or her remaining Plan benefits one of the forms described in paragraph (2) below.

 

(2)                                                                   If a Participant terminates employment without an outstanding loan balance from the Plan (or if a Participant is entitled to make an election to receive his or her remaining Plan benefits pursuant to paragraph (1) above), the Participant shall receive a distribution of his or her Plan benefits in the form described in either subparagraph (i) or (ii) below, at the Participant’s election:

 

(i)                                                             A lump sum payment distributable at the election of the Participant within a reasonable period of time after the day the

 

 

Participant Terminates Employment (or after the Participant is entitled to receive his or her remaining Plan benefits pursuant to paragraph (1) above); or

 

(ii)                                  Payments made in substantially equal monthly, quarterly, semi-annual or annual installments, as elected by the Participant, for a specified period not to exceed the life expectancy of the Participant to commence at the election of the Participant anytime after the date of Termination of Employment (or after the Participant is entitled to receive his or her remaining Plan benefits pursuant to paragraph (1) above).

 

Notwithstanding the foregoing, and subject to the cash-out rule in Section 18.2, if a Participant terminates employment with an outstanding loan balance from the Plan, the Participant may elect in writing within 60 (sixty) days following Termination of Employment to continue repaying his or her outstanding loan balance following Termination of Employment. If a terminated Participant makes a loan repayment election, the Participant shall not be entitled to receive a distribution of his or her Plan benefits until the earlier of the date the Participant (1) fully repays the loan or (2) defaults on the loan, at which time the Participant may elect to receive his or her remaining Plan benefits in one of the forms described above. If a terminated Participant does not make a loan repayment election, his or her loan will be considered in default pursuant to Section 20.8 and the Participant may elect to receive his or her remaining Plan benefits one of the forms described above.”

 

2.

 

Section 20.8 of the Plan hereby is amended by deleting the same in its entirety and by replacing it with the following new Section 20.7:

 

20.8 Default. A loan granted pursuant to this Article XX that is not repaid shall be deemed to be in default upon the earlier of:

 

(1)                                                                                                         the date the Participant Terminates Employment (provided, however, if a terminated Participant is not subject to the cash-out rule in Section 18.2, the Participant shall have 60 (sixty) days following Termination of Employment to elect in writing to continue repaying his or her outstanding loan balance in order to avoid default);

 

(2)                                                                                                         the Participant’s failure to make payment on the loan as due, to the extent such failure causes the loan to fail to satisfy the requirements of Section 20.7; or

 

(3)                                                                                                         in the case of death while employed, within a reasonable time established by the Committee.

 

2

 

At the time of such default, the Committee shall foreclose on the loan and deduct any outstanding balance plus accrued interest from the Participant’s Account balances immediately prior to distribution.

 

3.

 

This Amendment Number Three shall be effective as of March 1, 2013, and shall apply to all outstanding participant loans on such date and to all loans originated thereafter.

 

*************

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment Number Three to the Plan to be signed by its duly authorized officer, effective as of the date set forth above.

 

 

	
 
    	
ORBITAL SCIENCES CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Emily Bender
    
	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
Sr. Vice President, Human Resources
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
9/17/2013
    

 

3Exhibit 4.5

 

AMENDMENT NUMBER FOUR

TO THE DEFERRED SALARY & PROFIT SHARING PLAN 
 FOR EMPLOYEES OF ORBITAL SCIENCES CORPORATION

 

Pursuant to the powers of amendment reserved under Article XXVI of the Deferred Salary & Profit Sharing Plan for Employees of Orbital Sciences Corporation (the “Plan”), restated as of January 1, 2011, Orbital Sciences Corporation (the “Company”) hereby amends the Plan as follows:

 

1.

 

Effective as of September 16, 2013, Article II of the Plan hereby is amended by the addition of the following new Section 2.50 (“Spouse”) immediately following the current Section 2.49 (“Rollover Contribution Account”) (resulting in the renumbering of subsequent Sections and revisions to cross-references to Article II, as appropriate):

 

2.50 Spouse shall mean any individual who is lawfully married to a Participant under any State law, including individuals married to Participants of the same sex who were legally married in a State that recognizes such marriages, but who are domiciled in a State that does not recognize such marriages. For purposes of the foregoing sentence, “State” shall mean any domestic or foreign jurisdiction having legal authority to sanction marriages.

 

2.

 

Effective as of September 16, 2013, where appropriate, the term “spouse” as used in the Plan document shall be revised to the formal term “Spouse” as defined in Section 2.50 of the Plan.

 

3.

 

Effective as of January 1, 2014, Section 18.2 of the Plan hereby is amended by deleting the same in its entirety and by replacing it with the following new Section 18.2:

 

18.2 Cash-Out Rule. Notwithstanding any provisions of the Plan to the contrary, if the total balance in a Participant’s Plan Accounts, without regard to that portion of the account attributable to Rollover Contributions (and earnings allocable thereto), at the time a benefit first becomes payable under Article XII, XIII, XIV, XV or XVI is $1,000 or less ($5,000 or less prior to March 28, 2005), then such balance shall be paid to the Participant or to the Participant’s Beneficiary in a lump sum payment as soon as practicable after the date the benefit first becomes payable to such Participant or Beneficiary. If the total balance in the Participant’s Plan Accounts, without regard to that portion of the account attributable to Rollover Contributions (and earnings allocable thereto), at the time a benefit first becomes payable under Article XII, XIII, XIV, XV or XVI

 

 

is more than $1,000 but not more than $5,000, such balance will be paid in a Direct Rollover to an individual retirement plan designated by the Plan Administrator, provided (1) the Plan Administrator has a valid, non post-office box mailing address on file for the Participant and (2) the Participant does not elect to transfer such balance directly to an Eligible Retirement Plan specified by the Participant in a Direct Rollover or to receive such balance directly.

 

4.

 

This Amendment Number Four shall be effective as of the dates set forth herein.

 

*************

 

 

IN WITNESS WHEREOF, the Company has caused this Amendment Number Four to the Plan to be signed by its duly authorized officer, effective as of the dates set forth above.

 

 

	
 
    	
ORBITAL SCIENCES CORPORATION
    
	
 
    	
 
    	
 
    
	
 
    	
By:
    	
/s/ Emily Bender
    
	
 
    	
 
    	
 
    
	
 
    	
Title:
    	
Sr. Vice President,   Human Resources
    
	
 
    	
 
    	
 
    
	
 
    	
Date:
    	
12/20/2013
    

 

2

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