Document:

Change-in-Control Severance Agreement

 EXHIBIT 10.4 
 CHANGE-IN-CONTROL SEVERANCE AGREEMENT 
 THIS CHANGE-IN-CONTROL SEVERANCE AGREEMENT (the
“Agreement”) is made as of March 24, 2008 and is effective as of April 21, 2008 (the “Effective Date”), by and between KINDRED HEALTHCARE OPERATING, INC., a Delaware corporation, (the “Company”) and
CHRISTOPHER M. BIRD (the “Employee”). 
 RECITALS: 
 A. The Employee is employed by the Company, a wholly owned subsidiary of Kindred Healthcare, Inc. (the “Parent”). 
 B. The Company recognizes that the Employee’s contribution to the Company’s growth and success will be significant. 
 C. The Company wishes to encourage the Employee to remain with and devote full time and attention to the business affairs of the Company and
wishes to provide income protection to the Employee for a period of time in the event of a Change in Control. 
 NOW, THEREFORE, in
consideration of the mutual covenants contained herein and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows: 
 AGREEMENT: 
 1.
Definitions. 
 a. “Base Salary” shall mean the Employee’s regular annual rate of base pay in
gross as of the date in question as elected under Paragraph 3(a). 
 b. “Cause” shall mean the
Employee’s (i) conviction of or plea of nolo contendere to a crime involving moral turpitude; or (ii) willful and material breach by Employee of his duties and responsibilities, which is committed in bad faith or without
reasonable belief that such breaching conduct is in the best interests of the Company, but with respect to (ii) only if the Board of Directors of Parent (the “Board”) adopts a resolution by a vote of at least 75% of its members so
finding after giving the Employee and his attorney an opportunity to be heard by the Board. 
 c. “Change in
Control” The term “Change in Control” shall mean any one of the following events occurring after the date of this Agreement: 
  

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 (i) An acquisition (other than directly from Parent) of any voting securities of Parent (the
“Voting Securities”) by any “Person” (as defined in Paragraph 1(f) hereof) immediately after which such Person has “Beneficial Ownership” (within the meaning of Rule 13d-3 under the 1934 Act) of 20% or more of the
combined voting power of Kindred Healthcare, Inc.’s then outstanding Voting Securities; provided, however, that in determining whether a Change in Control has occurred, Voting Securities which are acquired in an acquisition by (i) Parent
or any of its subsidiaries, (ii) an employee benefit plan (or a trust forming a part thereof) maintained by Parent or any of its subsidiaries or (iii) any Person in connection with an acquisition referred to in the immediately preceding
clauses (i) and (ii) shall not constitute an acquisition which would cause a Change in Control. 
 (ii) The individuals who, as of
the Effective Date, constituted the Board of Directors of Parent (the “Incumbent Board”) cease for any reason to constitute over 50% of the Board; provided, however, that if the election, or nomination for election by Kindred Healthcare,
Inc.’s stockholders, of any new director was approved by a vote of over 50% of the Incumbent Board, such new director shall, for purposes of this Section 1(c)(ii), be considered as though such person were a member of the Incumbent Board;
provided, further, however, that no individual shall be considered a member of the Incumbent Board if such individual initially assumed office as a result of either an actual or threatened “Election Contest” (as described in Rule 14a-11
promulgated under the 1934 Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board of Directors of Parent (a “Proxy Contest”), including by reason of any agreement intended to
avoid or settle any Election Contest or Proxy Contest. 
 (iii) Consummation of a merger, consolidation or reorganization involving Parent,
unless each of the following events occurs in connection with such merger, consolidation or reorganization: 
 (A) the stockholders of
Parent, immediately before such merger, consolidation or reorganization, own, directly or indirectly immediately following such merger, consolidation or reorganization, over 50% of the combined voting power of all voting securities of the
corporation resulting from such merger or consolidation or reorganization (the “Surviving Company”) over which any Person has Beneficial Ownership in substantially the same proportion as their ownership of the Voting Securities immediately
before such merger, consolidation or reorganization; 
 (B) the individuals who were members of the Incumbent Board immediately prior to the
execution of the agreement providing for such merger, consolidation or reorganization constitute over 50% of the members of the board of directors of the Surviving Company; and 
  

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 (C) no Person (other than Parent, any of its subsidiaries, any employee benefit plan (or any trust
forming a part thereof) maintained by Parent, the Surviving Company or any Person who, immediately prior to such merger, consolidation or reorganization had Beneficial Ownership of 20% or more of the then outstanding Voting Securities) has
Beneficial Ownership of 20% or more of the combined voting power of the Surviving Company’s then outstanding voting securities. 
 (iv)
Approval by Parent’s stockholders of a complete liquidation or dissolution of Parent. 
 (v) Approval by Parent’s stockholders of
an agreement for the sale or other disposition of all or substantially all of the assets of Parent to any Person (other than a transfer to a subsidiary of Parent). 
 (vi) Any other event that the Board shall determine constitutes an effective Change in Control of Parent. 
 (vii) Notwithstanding the foregoing, a Change in Control shall not be deemed to occur solely because any Person (the “Subject Person”) acquired Beneficial Ownership of more than the permitted amount of the outstanding Voting
Securities as a result of the acquisition of Voting Securities by Parent which, by reducing the number of Voting Securities outstanding, increases the proportional number of shares Beneficially Owned by the Subject Person; provided that if a Change
in Control would occur (but for the operation of this sentence) as a result of the acquisition of Voting Securities by Parent, and after such share acquisition by Parent, the Subject Person becomes the Beneficial Owner of any additional Voting
Securities which increases the percentage of the then outstanding Voting Securities Beneficially Owned by the Subject Person, then a Change in Control shall occur. 
 d. “Change-in-Control Date” shall mean the date immediately prior to the effectiveness of the Change in Control. 
 e. “Good Reason” The Employee shall have good reason to terminate employment with the Company if (i) the
Employee’s title, duties, responsibilities or authority is reduced or diminished from those in effect on the Change-in-Control Date without the Employee’s written consent; (ii) the Employee’s compensation is reduced;
(iii) the Employee’s benefits are reduced, other than pursuant to a uniform reduction applicable to all managers of the Company; or (iv) the Employee is asked to relocate his office to a place more than 30 miles from his business
office on the Change-in-Control Date. 
 f. “Person” shall have the meaning ascribed to such term in
Section 3(a)(9) of the Securities Exchange Act of 1934 and used in Sections 13(d) and 14(d) thereof, including a “group” as defined in Section 13(d). 
  

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 g. “Target Bonus” shall mean the full amount of target annual short-term
incentive bonus that would be payable to the Employee, assuming the target performance criteria on which such annual short-term incentive bonus were deemed to be satisfied, in respect of services for the calendar year in which the date in question
occurs. 
 h. “Termination of Employment” shall mean (i) the termination of the Employee’s
employment by the Company other than such a termination in connection with an offer of immediate reemployment by a successor or assign of the Company or a purchaser of the Company or its assets under terms and conditions which would not permit the
Employee to terminate his employment for Good Reason or otherwise during any Window Period; or (ii) the Employee’s termination of employment with the Company for Good Reason or during any Window Period. 
 i. “Window Period” shall mean either of two 30-day periods of time commencing 30 days after (i) a Change in Control
and (ii) one year after a Change in Control. 
 2. Term. The initial term of this Agreement shall be for a three-year
period commencing on the Effective Date (the “Term”). The Term shall be automatically extended by one additional day for each day beyond the Effective Date that the Employee remains employed by the Company until such time as the Company
elects to cease such extension by giving written notice of such election to the Employee. In such event, the Agreement shall terminate on the third anniversary of the effective date of such election notice. Notwithstanding the foregoing, this
Agreement shall automatically terminate if and when the Employee terminates his employment with the Company or two years after the Change-in-Control Date, whichever first occurs. 
 3. Severance Benefits. If at any time following a Change in Control and continuing for two years thereafter, the Company terminates the
Employee without Cause, or the Employee terminates employment with the Company either for Good Reason or during any Window Period, then as compensation for services previously rendered the Employee shall be entitled to the following benefits:

 a. Cash Payment. The Employee shall be paid cash equal to three times the greater of: 
 (i) the sum of the Employee’s Base Salary and Target Bonus as of the Termination of Employment, or 
 (ii) the sum of the Employee’s Base Salary and Target Bonus as of the Change-in-Control Date. 
 Payment shall be made in a single lump sum upon the effective date of Employee’s Termination of Employment. 
  

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 b. Continuation of Benefits. 
 (i) For the three-year period following the Termination of Employment, the Executive shall be treated as if he had continued to be an employee for all
purposes under the Parent’s Health Insurance Plan and Dental Insurance Plan; or if the Employee is prohibited from participating in such plan, the Company or Parent shall otherwise provide such benefits. Employee shall be responsible for any
employee contributions for such insurance coverage. Following this continuation period, the Employee shall be entitled to receive continuation coverage under Part 6 of Title I of ERISA (“COBRA Benefits”) treating the end of this period as
a qualifying event based on a loss of coverage due to the termination of the Employee’s employment to the extent allowed by law. 
 (ii) For a period of three years following the Termination of Employment, Parent shall maintain in force, at its expense, the Employee’s life insurance in effect under Parent’s voluntary life insurance benefit plan as of the
Change-in-Control Date or as of the date of Termination of Employment, whichever coverage limits are greater. Employee shall be responsible for any employee contributions for such insurance coverage. For purposes of clarification, the portion of the
premiums in respect of such voluntary life insurance for which Employee and Parent are responsible, respectively, shall be the same as the portion for which Employee and Parent are responsible, respectively, immediately prior to the date of
Termination of Employment or the Change-in-Control Date, as applicable. 
 (iii) For a period of three years following the Employee’s
Termination of Employment, the Company or Parent shall provide short-term and long-term disability insurance benefits to Employee equivalent to the coverage that the Employee would have had had he remained employed under the disability insurance
plans applicable to Employee on the date of Termination of Employment, or, at the Employee’s election, the plans applicable to Employee as of the Change-in-Control Date. Employee shall be responsible for any employee contributions for such
insurance coverage. Should Employee become disabled during such period, Employee shall be entitled to receive such benefits, and for such duration, as the applicable plan provides. For purposes of clarification, the portion of the premiums in
respect of such short-term and long-term disability benefits for which Employee and Parent are responsible, respectively, shall be the same as the portion for which Employee and Parent are responsible, respectively, immediately prior to the date of
Termination of Employment or the Change-in-Control Date, as applicable. 
 (iv) Notwithstanding anything in this Agreement to the contrary,
in no event shall the provision of in-kind benefits pursuant to this Section 3 during any taxable year of Employee affect the provision of in-kind benefits pursuant to this Section 3 in any other taxable year of Employee. 
 c. Retirement Savings Plan. To the extent not already vested pursuant to the terms of such plan, the Employee’s interests under the
Parent’s retirement savings plan shall be 

  

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automatically fully (i.e., 100%) vested, without regard to otherwise applicable percentages for the vesting of employer-matching contributions based
upon the Employee’s years of service with the Company. 
 d. Plan Amendments. Parent shall adopt such amendments to its
employee benefit plans, if any, as are necessary to effectuate the provisions of this Agreement. 
 e. Fringe Benefits.
Following the Employee’s Termination of Employment, the Employee shall receive the computer that Employee is utilizing as of the date of such Termination of Employment. In addition, for a period of one year following Employee’s Termination
of Employment, Employee shall be entitled to be reimbursed for any legal or accounting services utilized by Employee to minimize any personal income tax obligations arising from the Change in Control, in an amount not to exceed $5,000, such
reimbursement to made as soon as reasonably practicable following the Company’s receipt of appropriate invoices from the Employee evidencing the expenses to be reimbursed, but in no event later than the end of the year immediately following the
year in which such expenses were incurred. 
 f. General Release of Claims. Notwithstanding anything herein to the contrary,
the payments in Section 3 hereof are subject to the condition that Employee has delivered to the Company an executed copy of a general release of claims in a form satisfactory to the Company within 60 days after the Employee’s separation
from service and any payment that otherwise would be made within such 60-day period pursuant to this Section 3 shall by paid at the expiration of such 60-day period. 
 g. Specified Employee. Notwithstanding anything herein to the contrary, (i) if at the time of Employee’s separation from service Executive is a “specified employee” as defined in
Section 409A of the Internal Revenue Code of 1986, as amended and the regulations promulgated thereunder (the “Code”) and the deferral of the commencement of any payments or benefits otherwise payable hereunder as a result of such
separation from service is necessary in order to prevent any accelerated or additional tax under Section 409A of the Code, then the payments to which Employee would otherwise be entitled during the first six months following his separation from
service shall be deferred and accumulated (without any reduction in such payments or benefits ultimately paid or provided to Employee) for a period of six months from the date of separation from service and paid in a lump sum on the first day of the
seventh month following such separation from service (or, if earlier, the date of the Employee’s death). 
 4. Golden Parachute
Tax Reimbursement. Whether or not any payments are made pursuant to Section 3 above, if a Change in Control occurs at any time and the Employee reasonably determines that any payment or distribution by the Company or any of its
affiliates to or for the benefit of the Employee, whether paid or payable or distributed or distributable pursuant to the terms of this Agreement or otherwise pursuant to or by reason of any other agreement, policy, plan, program or arrangement,
including without limitation any restricted stock, stock option, stock appreciation right or similar right, or the lapse or termination of any 

  

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restriction on or the vesting or exercisablility of any of the foregoing (individually and collectively, the “Payment”), would be subject to the
excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended (the “Code”) (or any successor provision thereto) by reason of being considered “contingent on a change in ownership or control,” within the
meaning of Section 280G of the Code (or any successor provision thereto), or any interest or penalties with respect to such excise tax (such excise tax, together with any such interest and penalties, being hereinafter collectively referred to
as the “Excise Tax”), then the Company or Parent shall pay to the Employee an additional payment or payments (individually and collectively, the “Gross-Up Payment”). The Gross-Up Payment shall be in an amount such that, after
payment by the Employee of all taxes required to be paid by the Employee with respect to the receipt thereof under the terms of any federal, state or local government or taxing authority (including any interest or penalties imposed with respect to
such taxes), including any Excise Tax imposed with respect to the Gross-Up Payment, the Employee retains an amount of the Gross-Up Payment equal to the Excise Tax imposed upon the Payment. The Gross-Up Payment shall be paid to the Employee within 30
days of the Company’s receipt of written notice from the Employee that such Excise Tax has been paid or will be payable at any time in the future, but in no event later than the end of the year immediately following the year in which the
related taxes are remitted to the appropriate taxing authority. 
 5. No Mitigation Required or Setoff Permitted. In no event
shall Employee be obligated to seek other employment or take other action by way of mitigation of the amounts payable to Employee under the terms of this Agreement, and all such amounts shall not be reduced whether or not Employee obtains other
employment. Further, the Company’s and Parent’s obligations to make any payments hereunder shall not be subject to or affected by any setoff, counterclaims or defenses which the Company or Parent may have against Employee or others.

 6. Waiver of Other Severance Benefits. The benefits payable pursuant to this Agreement are in lieu of any other severance
benefits which may otherwise be payable by the Company or its affiliates to the Employee upon termination of employment pursuant to a severance program of the Company or its affiliates (including, without limitation, any benefits to which Employee
might otherwise be entitled under any employment agreement or other severance or change in control or similar agreement between Employee and the Company or any of its affiliates). 
 7. Employment at Will. Notwithstanding anything to the contrary contained herein, the Employee’s employment with the Company is not
for any specified term and may be terminated by the Employee or by the Company at any time, for any reason, with or without cause, without any liability, except with respect to the payments provided hereunder or as required by law or any other
contract or employee benefit plan. 
 8. Disputes. Any dispute or controversy arising under, out of, or in connection with this
Agreement shall, at the election and upon written demand of either party, be finally determined 

  

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and settled by binding arbitration in the City of Louisville, Kentucky, in accordance with the Labor Arbitration rules and procedures of the American
Arbitration Association, and judgment upon the award may be entered in any court having jurisdiction thereof. The Company shall pay all costs of the arbitration and all attorneys’ and accountants’ fees of the Employee in connection
therewith, including any litigation to enforce any arbitration award. 
 9. Non-solicitation. During the Term and for a period
of one year thereafter (collectively, the “Non-solicitation Period”), Employee shall not directly or indirectly, individually or on behalf of any person other than the Company, aid or endeavor to solicit or induce any of the Company’s
or its affiliates' employees to leave their employment with the Company or such affiliates in order to accept employment with Employee or any other person, corporation, limited liability company, partnership, sole proprietorship or other entity. If
the restrictions set forth in this section would otherwise be determined to be invalid or unenforceable by a court of competent jurisdiction, the parties intend and agree that such court shall exercise its discretion in reforming the provisions of
this Agreement to the end that the Employee will be subject to a non-solicitation covenant which is reasonable under the circumstances and enforceable by the Company. It is agreed that no adequate remedy at law exists for the parties for violation
of this section and that this section may be enforced by any equitable remedy, including specific performance and injunction, without limiting the right of the Company to proceed at law to obtain such relief as may be available to it. The running of
the Non-solicitation Period shall be tolled for any period of time during which Employee is in violation of any covenant contained herein, for any reason whatsoever. 
 10. Successors; Binding Agreement. This Agreement shall not be terminated by the voluntary or involuntary dissolution of the Company or by any merger or consolidation where the Company is not the
surviving corporation, or upon any transfer of all or substantially all of the Company’s stock or assets. In the event of such merger, consolidation or transfer, the provisions of this Agreement shall be binding upon and shall inure to the
benefit of the surviving corporation or corporation to which such stock or assets of the Company shall be transferred. 
 11.
Notices. Any notice or other communication hereunder shall be in writing and shall be effective upon receipt (or refusal of receipt) if delivered personally, or sent by overnight courier if signature for the receiving party is obtained,
or sent by certified or registered mail, postage prepaid, to the other party at the address set forth below: 
  

					
		  	If to the Company:	    	 Kindred Healthcare Operating, Inc.
 680 South Fourth
Street
 Louisville, KY 40202
 Attention: General
Counsel

  

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		  	If to Employee:	    	 Christopher M. Bird
 680 South Fourth
Street
 Louisville, Kentucky 40202

 Either party may change its specified address by giving notice in writing to the other.

 12. Indemnification. The Company shall indemnify, defend and hold the Employee harmless from and against any liability,
damages, costs and expenses (including attorneys’ fees) in connection with any claim, cause of action, investigation, litigation or proceeding involving him by reason of his having been an officer, director, employee or agent of the Company,
except to the extent it is judicially determined that the Employee was guilty of gross negligence or willful misconduct in connection with the matter giving rise to the claim for indemnification. This indemnification shall be in addition to and
shall not be substituted for any other indemnification or similar agreement or arrangement which may be in effect between the Employee and the Company or may otherwise exist. The Company also agrees to maintain adequate directors and officers
liability insurance, if applicable, for the benefit of Employee for the term of this Agreement and for five years thereafter. 
 13.
ERISA. Many or all of the employee benefits addressed in Paragraph 3(b) and (c) exist under plans which constitute employee welfare benefit plans (“Welfare Plans”) within the meaning of Section 3(1) of the Employee
Retirement Income Security Act of 1974, as amended (“ERISA”). Any payments pursuant to this Agreement which could cause any of such Plans not to constitute a Welfare Plan shall be deemed instead to be made pursuant to a separate
“employee pension benefit plan” within the meaning of Section 3(2) of ERISA or a “top hat” plan under Section 201(2) of ERISA as to which the applicable portions of the document constituting the Welfare Plan shall be
deemed to be incorporated by reference. None of the benefits hereunder may be assigned in any way. 
 14. Severability. The
invalidity or unenforceability of any provision of this Agreement shall not affect the validity or enforceability of any other provision, which other provision shall remain in full force and effect. 
 15. Interpretation. The headings used herein are for convenience only and do not limit or expand the contents of this Agreement. Use of any
male gender pronoun shall be deemed to include the female gender also. 
 16. No Waiver. No waiver of a breach of any provision
of this Agreement shall be construed to be a waiver of any other breach of this Agreement. No waiver of any provision of this Agreement shall be enforceable unless it is in writing and signed by the party against whom it is sought to be enforced.

  

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 17. Survival. Any provisions of this Agreement creating obligations extending beyond the
term of this Agreement shall survive the expiration or termination of this Agreement, regardless of the reason for such termination. 
 18. Amendments. Any amendments to this Agreement shall be effective only if in writing and signed by the parties hereto. 
 19. Entire Agreement. This Agreement constitutes the entire agreement of the parties with respect to the subject matter hereof. 
 20. Governing Law. This Agreement shall be interpreted in accordance with and governed by the law of the State of Delaware. 
 21. Section 409A. If any provision of this Agreement (or any award of compensation or benefits provided under this Agreement) would cause Employee to incur any additional tax or interest under
Section 409A of the Code, the Company shall reform such provision to comply with Section 409A and agrees to maintain, to the maximum extent practicable without violating Section 409A of the Code, the original intent and economic
benefit to Employee of the applicable provision; provided that nothing herein shall require the Company to provide Employee with any gross-up for any tax, interest or penalty incurred by Employee under Section 409A of the Code. 

 22. Counterparts. This Agreement may be executed in two or more counterparts, each of which shall be deemed to be an
original, and all of which together shall constitute one and the same instrument. 
  

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 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

			
	KINDRED HEALTHCARE OPERATING, INC.
		
	By:	 	 /s/ Paul J. Diaz

		 	Paul J. Diaz
		 	President and Chief Executive Officer
	
	Solely for the purposes of Sections 3, 4, 5 and 12:
	
	KINDRED HEALTHCARE, INC.
		
	By:	 	 /s/ Paul J. Diaz

		 	Paul J. Diaz
		 	President and Chief Executive Officer
	
	 /s/ Christopher M. Bird

	Christopher M. Bird

  

 -11-Fourth Amendment to Credit Agreement dated as of March 10, 2008

 Exhibit 10.1 
 FOURTH AMENDMENT TO CREDIT AGREEMENT 
 THIS FOURTH AMENDMENT TO CREDIT AGREEMENT (this
“Amendment”), dated as of March 10, 2008, is by and among HEWITT ASSOCIATES L.L.C., an Illinois limited liability company (the “Borrower”), HEWITT ASSOCIATES, INC., a Delaware corporation
(“HAI”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent on behalf of the Lenders (defined below) under the Credit Agreement (defined below) (in such capacity, the “Administrative Agent”).
Capitalized terms used herein and not otherwise defined herein shall have the meanings ascribed thereto in the Credit Agreement, as amended hereby. 
 W I T N E S S E T H 
 WHEREAS, the Borrower, HAI, certain banks and financial institutions from time to time party
thereto (the “Lenders”) and the Administrative Agent are parties to that certain Credit Agreement dated as of May 23, 2005 (as amended, modified, supplemented, or restated from time to time, the “Credit
Agreement”); 
 WHEREAS, the Borrower and HAI have requested the Required Lenders amend certain provisions of the Credit
Agreement; and 
 WHEREAS, the Required Lenders are willing to make such amendments to the Credit Agreement, subject to the terms and
conditions set forth herein. 
 NOW, THEREFORE, in consideration of the agreements hereinafter set forth, and for other good and
valuable consideration, the receipt and adequacy of which are hereby acknowledged, the parties hereto agree as follows: 
 ARTICLE I 

 AMENDMENT TO CREDIT AGREEMENT 
 1.1 Amendment to Section 5.10(f). Section 5.10(f) of the Credit Agreement is hereby amended and restated in its entirety to read as follows: 
 (f) other Indebtedness of HAI and the Borrower and their Subsidiaries; provided that such other Indebtedness when combined with
any Indebtedness outstanding under subsection (d) above, shall not exceed an aggregate principal amount of $250,000,000 at any time outstanding; 
 ARTICLE II 
 CONDITIONS TO EFFECTIVENESS 
 2.1 Closing Conditions. This Amendment shall be deemed effective as of May 23, 2005 (the “Amendment Effective Date”)
upon satisfaction of the following conditions (in form and substance reasonably acceptable to the Administrative Agent): 
 (a) Executed
Amendment. The Administrative Agent shall have received a copy of this Amendment duly executed by each of the Borrower, HAI and the Administrative Agent, on behalf of the Required Lenders. 

 (b) Executed Consents. The Administrative Agent shall have received executed consents, in the form
of Exhibit A attached hereto, from the Required Lenders authorizing the Administrative Agent to enter into this Amendment on their behalf. The delivery by the Administrative Agent of a signature to this Amendment shall constitute conclusive
evidence that the consents from the Required Lenders have been obtained. 
 (c) Miscellaneous. All other documents and legal matters
in connection with the transactions contemplated by this Amendment shall be reasonably satisfactory in form and substance to the Administrative Agent and its counsel. 
 ARTICLE III 
 MISCELLANEOUS 
 3.1 Amended Terms. On and after the Amendment Effective Date, all references to the Credit Agreement in each of the Credit Documents shall
hereafter mean the Credit Agreement as amended by this Amendment. Except as specifically amended hereby or otherwise agreed, the Credit Agreement is hereby ratified and confirmed and shall remain in full force and effect according to its terms.

 3.2 Representations and Warranties of the Borrower and HAI. Each of the Borrower and HAI represents and warrants as follows:

 (a) It has taken all necessary action to authorize the execution, delivery and performance of this Amendment. 

(b) This Amendment has been duly executed and delivered by such Person and constitutes such Person’s legal, valid and binding
obligations, enforceable in accordance with its terms, except as such enforceability may be subject to (i) bankruptcy, insolvency, reorganization, fraudulent conveyance or transfer, moratorium or similar laws affecting creditors’ rights
generally and (ii) general principles of equity (regardless of whether such enforceability is considered in a proceeding at law or in equity). 
 (c) No consent, approval, authorization or order of, or filing, registration or qualification with, any court or governmental authority or third party is required in connection with the execution, delivery or
performance by such Person of this Amendment. 
  

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 (d) After giving effect to this Amendment, the representations and warranties set forth
in Section 3 of the Credit Agreement are true and correct as of the date hereof (except for those which expressly relate to an earlier date). 
 (e) After giving effect to this Amendment, no event has occurred and is continuing which constitutes a Default or an Event of Default. 
 (f) Except as specifically provided in this Amendment, the Credit Party Obligations are not reduced or modified by this Amendment and are
not subject to any offsets, defenses or counterclaims. 
 3.3 Reaffirmation of Credit Party Obligations. Each of the Borrower
and HAI hereby ratifies the Credit Agreement and acknowledges and reaffirms (a) that it is bound by all terms of the Credit Agreement applicable to it and (b) that it is responsible for the observance and full performance of its respective
Credit Party Obligations. 
 3.4 Credit Document. This Amendment shall constitute a Credit Document under the terms of the
Credit Agreement. 
 3.5 Further Assurances. HAI and the Borrower agree to promptly take such action, upon the request of the
Administrative Agent, as is necessary to carry out the intent of this Amendment. 
 3.6 Entirety. This Amendment and the other
Credit Documents embody the entire agreement between the parties hereto and supersede all prior agreements and understandings, oral or written, if any, relating to the subject matter hereof. 
 3.7 Counterparts; Telecopy. This Amendment may be executed in any number of counterparts, each of which when so executed and delivered
shall be an original, but all of which shall constitute one and the same instrument. Delivery of an executed counterpart to this Amendment by telecopy shall be effective as an original and shall constitute a representation that an original will be
delivered. 
 3.8 No Actions, Claims, Etc. As of the date hereof, each of the Borrower and HAI hereby acknowledges and confirms
that it has no knowledge of any actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, against the Administrative Agent, the Lenders, or the Administrative Agent’s or the
Lenders’ respective officers, employees, representatives, agents, counsel or directors arising from any action by such Persons, or failure of such Persons to act under this Credit Agreement on or prior to the date hereof. 
 3.9 GOVERNING LAW. THIS AMENDMENT SHALL BE GOVERNED BY, AND SHALL BE CONSTRUED AND ENFORCED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW
YORK. 
  

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 3.10 Successors and Assigns. This Amendment shall be binding upon and inure to the benefit
of the parties hereto and their respective successors and assigns. 
 3.11 General Release. In consideration of the
Administrative Agent, on behalf of the Lenders, entering into this Amendment, each of the Borrower and HAI hereby releases the Administrative Agent, the Lenders, and the Administrative Agent’s and the Lenders’ respective officers,
employees, representatives, agents, counsel and directors from any and all actions, causes of action, claims, demands, damages and liabilities of whatever kind or nature, in law or in equity, now known or unknown, suspected or unsuspected to the
extent that any of the foregoing arises from any action or failure to act under the Credit Agreement on or prior to the date hereof, except, with respect to any such Person being released hereby, any actions, causes of action, claims, demands,
damages and liabilities arising out of such Person’s gross negligence, bad faith or willful misconduct. 
 3.12 Consent to
Jurisdiction; Service of Process; Waiver of Jury Trial. The jurisdiction, services of process and waiver of jury trial provisions set forth in Sections 8.14 and 8.17 of the Credit Agreement are hereby incorporated by reference, mutatis
mutandis. 
 3.13 Fees. The Borrower agrees to pay all reasonable costs, fees and expenses of the Administrative Agent in
connection with the preparation, execution and delivery of this Amendment, including, without limitation, the reasonable fees and expenses of the Administrative Agent’s legal counsel, Moore & Van Allen PLLC. 
  

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 HEWITT ASSOCIATES L.L.C. 
 FOURTH AMENDMENT TO CREDIT AGREEMENT 
 IN WITNESS WHEREOF the Borrower, HAI and the Administrative Agent, on
behalf of the Required Lenders have caused this Amendment to be duly executed on the date first above written. 
  

					
	BORROWER:	 	 HEWITT ASSOCIATES L.L.C.,
 an Illinois
limited liability company

			
		 	By:	 	 /s/ Steven J. Kyono

		 	Name:	 	Steven J. Kyono
		 	Title:	 	Senior Vice President
		
	HAI:	 	 HEWITT ASSOCIATES, INC.,
 a Delaware
corporation

			
		 	By:	 	 /s/ Steven J. Kyono

		 	Name:	 	Steven J. Kyono
		 	Title:	 	Senior Vice President

 HEWITT ASSOCIATES L.L.C. 
 FOURTH AMENDMENT TO CREDIT AGREEMENT 
  

					
	ADMINISTRATIVE AGENT:	 	 WACHOVIA BANK, NATIONAL ASSOCIATION,
 as
Administrative Agent on behalf of the Required Lenders

			
		 	By:	 	 /s/ Robert Sevin

		 	Name:	 	Robert Sevin
		 	Title:	 	Director

 EXHIBIT A 
 FORM OF 
 CONSENT TO FOURTH AMENDMENT 
 See attached. 

 CONSENT TO FOURTH AMENDMENT 
 This Consent is given pursuant to the Credit Agreement, dated as of May 23, 2005 (as previously amended and modified, the “Credit
Agreement”; and as further amended by the Amendment (as defined below), the “Amended Credit Agreement”), by and among Hewitt Associates L.L.C., an Illinois limited liability company (the “Borrower”), Hewitt
Associates, Inc., a Delaware corporation (“HAI”), the lenders and other financial institutions from time to time party thereto (the “Lenders”) and WACHOVIA BANK, NATIONAL ASSOCIATION, as administrative agent on
behalf of the Lenders (in such capacity, the “Administrative Agent”). Capitalized terms used herein shall have the meanings ascribed thereto in the Credit Agreement unless otherwise defined herein. 
 The undersigned hereby approves the amendment of the Credit Agreement effected by the Fourth Amendment to Credit Agreement (the
“Amendment”), to be dated on or about March 10, 2008, by and among the Borrower, HAI, and the Administrative Agent and hereby authorizes the Administrative Agent to execute and deliver the Amendment on its behalf and, by its
execution below, the undersigned agrees to be bound by the terms and conditions of the Amendment and the Amended Credit Agreement. 
 Delivery of this Consent by telecopy shall be effective as an original. 
 A duly authorized officer of the undersigned has executed
this Consent as of the      day of             , 2008. 
  

					
	  
	 	,
	as a Lender	 	
			
	By:	 	  
	 	
	Name:	 	  
	 	
	Title:

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