Document:

exv4w3w2

Exhibit
4.3.2

AMENDMENT TWO TO

THE FOREST CITY 401(K) EMPLOYEE SAVINGS PLAN & TRUST

Effective July 1, 2010, and except as otherwise specified herein, The Forest City 401(k) Employee
Savings
Plan & Trust (hereinafter referred to as the “Plan”) is hereby amended as provided herein.

WHEREAS, Forest City Enterprises, Inc. (hereinafter referred to as the “Employer”) heretofore
adopted the
Plan effective January 1, 2009; and

WHEREAS, the Plan consists of the Accudraft Prototype Defined Contribution Retirement Plan, Basic
Plan Number 01 (hereinafter referred to as the “Basic Plan Document”) and the Accudraft 401(k) Non
Standardized Prototype Adoption Agreement #002 (hereinafter referred to as the “Adoption
Agreement”);
and

WHEREAS, Section 11.1(c) of the Basic Plan Document provides that the Employer may change the
choice of options in the Adoption Agreement at any time; and

WHEREAS, the Employer desires to change the options in the Adoption Agreement as provided herein;

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

Section 3.3(a) of the Adoption Agreement is hereby deleted in its entirety and shall hereafter read
as follows:

(a) þ Entry Date for Elective Deferrals, QMACs and QNECs: (check one)

     o The first day of the Plan Year coincident with or following the date the requirements are
satisfied.

     o The last day of the Plan Year coincident with or following the date the requirements are
satisfied.

     o The first day of the month coincident with or following the date the requirements are
satisfied.

     þ The first day of the payroll period coincident with or following the date the requirements are
satisfied.

     o The same day the requirements are satisfied.

     o The first day of the 1st or 7th month coincident with or following the
date the requirements are satisfied.

     o The last day of the 6th or 12th month coincident with or following the
date the requirements are satisfied.

     o The first day of the 1st, 4th, 7th or 10th month
coincident with or following the date the requirements are satisfied.

     o The last day of the 3rd, 6th, 9th or 12th month
coincident with or following the date the requirements are satisfied.

Section 3.3(d) of the Adoption Agreement is hereby deleted in its entirety and shall hereafter read
as follows:

(d) þ Entry Date for Non-Safe Harbor Matching Contributions: (check one)

     o Retroactive to the first day of the Plan Year in which the requirements are satisfied.

     o The first day of the Plan year coincident with or following the date the requirements are
satisfied.

     o The first day of the Plan Year nearest the date the requirements are satisfied.

     o The last day of the Plan Year coincident with or following the date the requirements are
satisfied.

     o The last day of the Plan Year nearest the date the requirements are satisfied.

     o The first day of the month coincident with or following the date the requirements are
satisfied.

 

 

     þ The first day of the payroll period coincident with or following the date the requirements are
satisfied.

     o The same day the requirements are satisfied.

     o The first day of the 1st or 7th month coincident with or following the
date the requirements are
satisfied.

     o The last day of the 6th or 12th month coincident with or following the
date the requirements
are satisfied.

     o The first day of the 1st, 4th, 7th or 10th month
coincident with or following the date the
requirements are satisfied.

     o The last day of the 3rd, 6th, 9th or 12th month
coincident with or following the date the
requirements are satisfied.

Section 3.3(e) of the Adoption Agreement is hereby deleted in its entirety and shall hereafter read
as follows:

(e) þ Entry Date for Non-Safe Harbor  Non-Elective Contributions: (check one)

     o Retroactive to the first day of the Plan Year in which the requirements are satisfied.

     o The first day of the Plan year coincident with or following the date the requirements are
satisfied.

     o The first day of the Plan Year nearest the date the requirements are satisfied.

     o The last day of the Plan Year coincident with or following the date the requirements are
satisfied.

     o The last day of the Plan Year nearest the date the requirements are satisfied.

     o The first day of the month coincident with or following the date the requirements are
satisfied.

     þ The first day of the payroll period coincident with or following the date the requirements are
satisfied.

     o The same day the requirements are satisfied.

     o The first day of the 1st or 7th month coincident with or following the
date the requirements are satisfied.

     o The last day of the 6th or 12th month coincident with or following the
date the requirements are satisfied.

     o The first day of the 1st, 4th, 7th or 10th month
coincident with or following the date the requirements are satisfied.

     o The last day of the 3rd, 6th, 9th or 12th month
coincident with or following the date the requirements are satisfied.

In all other respects, the Plan is hereby ratified and affirmed.

IN WITNESS WHEREOF, and as evidence of its adoption of this amendment to The Forest City 401(k)
Employee Savings Plan & Trust, the Employer has caused this document to be executed by its duly
authorized officers.

	 	 	 	 	 	 	 
	 	 	 	 	Forest City Enterprises, Inc.
	 
	Witness:  	 /s/ Thomas H. Rieger 	 	By: 	              /s/  Andrew J. Passen
	 	Print Name: Thomas H. Rieger	 	 	Print Name:  	 Andrew J. Passen
	 	 	 	 	 	Title:	           Executive Vice President,
	 	 	 	 	 	 	Human Resources
	 
	 	 	 	 	 	Date:            April 13, 2010exv4w3w3

Exhibit 4.3.3

AMENDMENT THREE TO

THE FOREST CITY 401(K) EMPLOYEE SAVING PLAN & TRUST

Effective March 3, 2011, and except as otherwise specified herein, The Forest City 401(k) Employee
Savings Plan & Trust (hereinafter referred to as the “Plan”) is hereby amended as provided herein.

WHEREAS, Forest City Enterprises, Inc. (hereinafter referred to as the “Employer”) heretofore
adopted the Plan effective January 1, 2009; and

WHEREAS, the Plan consists of the Thomson Reuters (Tax & Accounting) Services Inc. Basic Prototype
Defined Contribution Retirement Plan (hereinafter referred to as the “Basic Plan Document”)
(formerly known as the Accudraft Basic Prototype Defined Contribution Retirement Plan) and the
Accudraft 401(k) Non Standardized Prototype Adoption Agreement #002 (hereinafter referred to as the
“Adoption Agreement”);

WHEREAS, the Employer desires to ensure that the Plan is in compliance with the Heroes Earnings
Assistance and Relief Tax Act of 2008 (“HEART Act”); and

WHEREAS, the Employer desires to incorporate certain amendment language provided by Thomson Reuters
pertaining to the HEART Act of 2008 and specifically entitled “HEART Act of 2008 and Notice 2010-15
Amendment for the Thomson Reuters (Tax & Accounting) Services Inc. Basic Prototype Defined
Contribution Retirement Plan” as an addendum to the Plan;

NOW, THEREFORE, the Plan is hereby amended to include the addendum as follows:

[Start of Addendum on Following Page]

 

 

Addendum 1

HEART Act of 2008 and Notice 2010-15 Amendment for the

Thomson Reuters (Tax & Accounting) Services Inc.

Basic Prototype Defined Contribution Retirement Plan

Plan
Name: Forest City 401(k) Employee Savings Plan & Trust (Plan Number
105401

This amendment (the “HEART Amendment”) to the Thomson Reuters (Tax & Accounting) Services Inc.
Basic Prototype Defined Contribution Retirement Plan (the “Plan”) (formerly known as the AccuDraft
Basic Prototype Defined Contribution Retirement Plan), as approved by the Internal Revenue Service
on March 31, 2008, is intended
as good faith compliance with the HEART Act of 2008 and with guidance related thereto issued by the
Internal Revenue Service in Notice 2010-15. To the extent an individual Sponsoring Employer does
not adopt a contrary amendment or make a contrary election, this HEART Amendment supersedes any
conflicting provisions of the Plan, any administrative policy, and/or any previously-adopted “good
faith” amendment of the same subject matter, as applicable. This amendment is a “good faith”
amendment, is not part of the pre-approved Plan, and, while it has not been reviewed by the
Internal Revenue Service for compliance with the HEART Act of 2008 or Notice 2010-15, the adoption
of this amendment does not, pursuant to Rev. Proc. 2007-44, affect the status of reliance upon the
Plan.

Section 1. Definitions

1.1 Deemed Deferrals. The term Deemed Deferrals means, to the extent the Employer elects to make
contributions to the Plan, the amount of Post-Tax or Pre-Tax Employee Contributions a Participant
is deemed to have made during his or her period of Qualified Military Service. Deemed Deferrals
will be equal to the lesser of (a) the average actual Post-Tax or Pre-Tax Employee Contributions he
or she made to the Plan during the 12-month period immediately preceding his or her Qualified
Military Service; or (b) if the Participant had less than 12 months of service with the Employer
before commencing Qualified Military Service, the average Post-Tax or Pre-Tax Employee
Contributions the Participant made during his or her actual length of continuous service with the
Employer.

1.2 Differential Wage Payment. The term Differential Wage Payments means any payment as defined in
Code §3401(h) which is made by the Employer for a remuneration period after December 31, 2008 which
(a) is made to an individual with respect to any period during which an individual is performing
service in the uniformed services (as defined in chapter 43 of title 38, United States Code) while
on active duty for a period of more than 30 days; and (b) represents all or a portion of the
remuneration such individual would have received from the Employer if the individual was performing
services for the Employer.

1.3 Post-Tax or Pre-Tax Employee Contributions. The term Post-Tax or Pre-Tax Employee Contributions
means any Elective Deferrals and/or Employee Voluntary Contributions permitted under the terms of
the Plan which a Participant performing Qualified Military Service would be entitled to make if the
Participant was performing services for the Employer.

1.4 Qualified Military Service. The term Qualified Military Service means any service in the
uniformed services (as defined in chapter 43 of title 38, United States Code) by any individual if
such individual is entitled to USERRA Reemployment Rights under such chapter with respect to such
service.

1.5 Qualified Reservist. The term Qualified Reservist means an individual who is a member of a
reserve component (as defined in §101 of title 37, United States Code) and who is ordered or called
to active duty after September 11, 2001 either for a period in excess of 179 days or for an
indefinite period.

1.6 Qualified Reservist Distribution. The term Qualified Reservist Distribution means a
distribution of Elective Deferrals made from a 401(k) plan to a Qualified Reservist made during the
period beginning on the date of the call-up order and ending at the close of the active duty
period.

1.7 USERRA Reemployment Rights. The term USERRA Reemployment Rights means the rights and benefits
to which an individual covered under USERRA is entitled upon his or her return from Qualified
Military Service. An individual will not be entitled to USERRA Reemployment Rights if (a) such
individual did not provide advance

 

 

 notice of his or her military service to the Employer; or (b)
such individual had more than five years of cumulative Qualified Military Service measured from his
or her date of hire to his or her date of return to employment with the Employer.

Section 2. Death Benefits

2.1 Deemed Reemployment Date. A Participant who dies on or after January 1, 2007 while performing
Qualified Military Service will be deemed (a) to have resumed employment with the Employer as of
the day preceding the date of his or her death (the “Deemed Reemployment Date” for purposes of this
Section); and (b) to have Terminated Employment on the date of his or her death.

2.2 Additional Benefits. To the extent the Plan provides for (a) accelerated vesting upon a
Participant’s death, (b) ancillary life insurance benefits, and (c) any other benefits that are
contingent upon the Participant’s death, then an individual described in Section 2.1 will be
provided with such benefits. Such benefits must be provided to all such similarly-situated
individuals in a uniform, non-discriminatory manner.

2.3 Employer Contributions. An individual described in Section 2.1 will not receive any additional
contributions under the terms of the Plan unless this box o  is checked, in which event any
such additional contributions will be provided effective ____________________ (must be on or after
January 1, 2007) on a reasonably equivalent basis to all such similarly situated individuals in
accordance with the following provisions:

	 	(a)	 	If the Plan is a money purchase plan or a profit sharing plan without a 401(k) feature,
then the Employer will make a contribution on behalf of such individual which is equal to
the contribution that would have otherwise been made under the terms of the Plan on such
individual’s behalf had he or she actually been reemployed by the Employer on the date of
such individual’s death, based on the Compensation such individual would have received from
the Employer during his or her period of Qualified Military Service.
	 
	 	(b)	 	If the Plan is a profit sharing plan with a 401(k) feature, then (1) the Employer will
make a Non-Elective Contribution on behalf of such individual which is equal to the
Non-Elective Contribution that would have otherwise been made under the terms of the Plan
on such individual’s behalf had he or she actually been reemployed by the Employer on the
date of such individual’s death, based on the Compensation such individual would have
received from the Employer during his or her period of Qualified Military Service; and (2)
the Employer will make a Matching Contribution on behalf of such individual which is equal
to the Matching Contribution that would have otherwise been made under the terms of the
Plan on such individual’s behalf had he or she actually been reemployed by the Employer on
the date of such individual’s death, based on such individual’s Deemed Deferrals.

2.4 Vesting Service. An individual who is described in Section 2.1 will, upon his or her Deemed
Reemployment Date, receive credit for Vesting purposes with respect to his or her period of
Qualified Military Service.

Section 3. Disability Benefits

3.1 Deemed Reemployment Date. If this box o  is checked, then effective ____________________
(must be on or after January 1, 2007), a Participant who suffers a Disability while performing
Qualified Military Service will be deemed (a) to have resumed employment with the Employer as of
the day preceding the date of his or her Disability (the “Deemed Reemployment Date” for purposes of
this Section); and (b) to have Terminated Employment on the date of his or her Disability.

3.2 Employer Contributions. An individual described in Section 3.1 will not receive any additional
contributions under the terms of the Plan unless this box o  is checked, in which event any
such additional contributions will be provided effective ____________________ (must be on or after
January 1, 2007) on a reasonably equivalent basis to all such similarly situated individuals in
accordance with the following provisions:

	 	(a)	 	If the Plan is a money purchase plan or a profit sharing plan without a 401(k) feature,
then the Employer will make a contribution on behalf of such individual which is equal to
the contribution that would have otherwise been made under the terms of the Plan on such
individual’s behalf had he or she actually been 

 

 

	 	 	 	employed by the Employer on the date of
such individual’s Disability, based on the Compensation such individual would have received
from the Employer during his or her period of Qualified Military Service.
	 
	 	(b)	 	If the Plan is a profit sharing plan with a 401(k) feature, then (1) the Employer will
make a Non-Elective Contribution on behalf of such individual which is equal to the
Non-Elective Contribution that would have otherwise been made under the terms of the Plan
on such individual’s behalf had he or she actually been employed by the Employer on the
date of such individual’s Disability, based on the Compensation such individual would have
received from the Employer during his or her period of Qualified Military Service; and (2)
the Employer will make a Matching Contribution on behalf of such individual which is equal
to the Matching Contribution that would have otherwise been made under the terms of the
Plan on such individual’s behalf had he or she actually been employed by the Employer on
the date of such individual’s Disability, based on such individual’s Deemed Deferrals.
Alternatively, if this box o  is checked and a Participant is permitted to make
Post-Tax or Pre-Tax Employee Contributions for periods of Qualified Military Service, then
the Matching Contribution will be based on the actual Post-Tax or Pre-Tax Employee
Contributions made to the Plan by the Participant.

3.3 Vesting Service. An individual described in Section 3.1 will not be entitled to credit for
Vesting purposes with respect to the period of Qualified Military Service unless this box o  is
checked, in which event such Vesting credit will be applied to all similarly-situated
individuals in a uniform, non-discriminatory manner.

Section 4. Differential Wage Payments

4.1 Employee Status. Effective January 1, 2009, an individual receiving Differential Wage Payments
from the Employer will be treated as an Employee of the Employer making such Differential Wage
Payments, except as otherwise provided under Section 5 below.

4.2 Compensation. The term Compensation as used in the Plan will not include any amounts paid by
the Employer as a Differential Wage Payment, and the Plan’s definition of Compensation will not
fail to satisfy Code §414(s) merely because such payments are excluded from the Plan’s definition
of Compensation. Notwithstanding the foregoing, if this box o  is checked, the Employer
elects to treat Differential Wage Payments as Compensation for Plan purposes effective
____________________ (must be on or after January 1, 2009) (but only to the extent the payments do
not exceed the amount the individual would have received had he or she continued to perform
services for the Employer). Selection of this option does not preclude treatment of any payments
which may have been made to Participants as Compensation under the Plan during a prior period of
military leave.

4.3 Code §415(c)(3) Compensation. Effective January 1, 2009, the term Code §415(c)(3) Compensation
as used in the Plan will include any amounts paid by the Employer as a Differential Wage Payment
(but only to the extent the payments do not exceed the amount the individual would have received
had he or she continued to perform services for the Employer).

Section 5. Special Distribution Rules

5.1 Qualified Reservist Distributions. If this box o  is checked then Qualified Reservist
Distributions may be made from the Plan, effective ____________________ (must be on or after
January 1, 2007), and all references in the Plan restricting Qualified Reservist Distributions to
individuals ordered or called to active duty before December 31, 2007 are removed effective
December 31, 2007.

5.2 Active Duty Severance Distributions. If this box o  is checked and the Plan is a profit
sharing plan with a 401(k) feature, then effective ____________________ (must be on or after
January 1, 2009), an individual performing service in the uniformed services (as defined in chapter
43 of title 38, United States Code) while on active duty for a period of more than 30 days will be
treated as having incurred a severance from employment under Code §401(k)(2)(B)(i)(I), and may
elect a distribution of some or all of his or her Elective Deferral accounts (including Roth
Elective Deferrals), subject to the following provisions:

	 	(a)	 	If a Participant receives a distribution pursuant to this Section 5.2, he or she
will be barred from making Elective Deferrals and/or Employee Contributions for a period of
6 months after the distribution.

 

 

	 	(b)	 	An individual who is considered an Employee because he or she is receiving
Differential Wage Payments will still be treated as having incurred a severance from
employment for purposes of this Section 5.2.
	 
	 	(c)	 	The availability of such distribution shall not cause any Participant to be treated
as having incurred a severance from employment for any other purpose under the Plan or any
other Code section.
	 
	 	(d)	 	If a Participant who takes a distribution pursuant to this Section 5.2 is
considered to have Terminated Employment under the terms of the Plan, such individual is
eligible for all distribution options available upon Termination of Employment under the
Plan, and not this Section 5.2.
	 
	 	(e)	 	If a Participant is eligible to receive a Qualified Reservist Distribution and a
distribution under this Section 5.2, any distribution of some or all of his or her Elective
Deferral Accounts (including Roth Elective Deferrals) that meets the definition of a
Qualified Reservist Distribution will be treated as a Qualified Reservist Distribution
rather than a distribution under this Section 5.2.
	 
	 	(f)	 	Any distribution made pursuant to this Section 5.2 is an Eligible Rollover
Distribution under the terms of the Plan unless one of the exceptions (other than the
exception for hardship distributions under Code §401(k)(2)(B)(i)(IV)) listed under Code
§402(c)(4) applies.
	 
	 	(g)	 	Nothing contained in this Section will affect a Participant’s right to take other
in-service distributions (including hardship distributions) to the extent he or she is
eligible for such distributions under the terms of the Plan.

Section 6. Signature Provisions

Signature of the Sponsoring Employer (only required if any boxes in this amendment are checked)

	 	 	 	 	 	 	 

	By
 

	 	Title	 	 
	 

	 	 
	 	 	 	 
	Print Name

	 	 	 	Date	 	 
	 

	 	 
	 	 	 	 

[End of Addendum 1]

 

 

IN WITNESS WHEREOF, and as evidence of its adoption of this amendment to The Forest City
401(k) Employee Savings Plan & Trust, the Employer has caused this document to be executed by its
duly authorized officers.

	 	 	 	 	 	 	 

	 	 	 	 	Forest City Enterprises, Inc.
 
	Witness: 	 /s/ Jan Camerato	 	By: 	          /s/  Andrew J. Passen
	 	Print Name: Jan Camerato	 	 	Print Name:           	Andrew J. Passen
	 	 	 	 	 	Title:	Executive Vice President, 

Human Resources
	 	 	 	 	 	
	 	 	 	 	 	Date:                March 3, 2011

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