Document:

Termination of Burlington Northern Santa Fe Estate Enhancement Program

 Exhibit 10.12.2 
  
 APPROVAL OF ESTATE ENHANCEMENT PROGRAM TERMINATION 
  
 WHEREAS, the Board of Directors of Burlington Northern Santa Fe Corporation (the “Company”) adopted the Burlington
Northern Santa Fe Estate Enhancement Program (the “Program”) on April 18, 1996; 
  
 WHEREAS, pursuant to Section 6.1 of the Program, the Program may be amended or terminated by the Board of Directors of the Company; and 
  
 WHEREAS, the Board of Directors of the Company now desires to terminate the Program; 
  
 NOW THEREFORE, IT IS RESOLVED, that the Program is hereby terminated,
effective as of September 1, 2003, provided, however, that such termination shall not result in the termination of any Split-Dollar Agreement or Collateral-Assignment Agreement which was entered into prior to the date of the termination of the
Program, and any such Split-Dollar Agreement or Collateral-Assignment Agreement which was entered into prior to the date of the termination of the Program shall continue to be administered as if the Program had not been terminated. 
  
 Burlington Northern Santa Fe Corporation 
 Board of Directors 
 September 18, 2003Termination of Burlington Northern Santa Fe Directors' Retirement Plan

 Exhibit 10.31.1 
  
 APPROVAL OF CHANGES IN DIRECTORS’ COMPENSATION 
  
 WHEREAS, the Board of Directors (“Board”) of Burlington Northern Santa Fe Corporation (the “Company”) desires to make changes in the
compensation package available to non-employee Directors of the Company to reflect the changing market for Directors’ compensation, to simplify the number of components and achieve a more appropriate balance between cash compensation and
equity-based compensation; 
  
 WHEREAS, the Company maintains the
Burlington Northern Santa Fe Corporation Directors’ Retirement Plan (the “Retirement Plan”) and, pursuant to Section 10 of the Retirement Plan, the Board has authority to amend, suspend or terminate the Retirement Plan;

  
 WHEREAS, the Board deems it desirable to terminate the
Retirement Plan subject to separate provisions to protect the benefits accrued to date of participants in the Retirement Plan who have already met or who subsequently meet the eligibility requirements of the Retirement Plan; 
  
 Termination of the Retirement Plan 
  
 FURTHER RESOLVED, that the Retirement Plan is terminated as of July 17,
2003; 
  
 FURTHER RESOLVED, that an individual who has terminated
service as a member of the Board and is currently receiving benefits pursuant to the Retirement Plan or who has terminated service as a member of the Board and is eligible to receive benefits pursuant to the Retirement Plan shall receive or continue
to receive such benefits as if the Retirement Plan had continued in effect; 
  
 FURTHER RESOLVED, that an individual who is a member of the Board on July 17, 2003, and who has served as a member of the Board for a period of at least ten consecutive years as of such date, or who has attained
age 72 as of such date, and who is not an employee of the Company in the period immediately preceding termination of service as a member of the Board, shall be entitled to receive an annual payment in the amount of $40,000, which is the amount of
the annual retainer for services as a Board member in effect at the time of the termination of the Retirement Plan, on the same terms as if the Retirement Plan had continued in effect; 
  
 FURTHER RESOLVED, that an individual who is a member of the Board on July 17, 2003, but who has not served as a member
of the Board for a period of at least ten consecutive years as of such date and has not attained age 72 of such date, but who, at the time when such individual terminates service as a member of the Board is not an employee of the Company in the
period immediately preceding termination of service as a member of the Board and has served as a member of the Board for a period of at least ten consecutive years, shall be entitled to receive an annual payment in an amount equal to the product of
(i) $40,000, which is the amount of the annual retainer for services as a Board member in effect at the time of termination of the Retirement Plan, multiplied by (ii) a fraction, the numerator of which is the number of full months that
such individual has served as a member of the Board as of July 17, 2003, and the denominator of which is 120, which payment shall be on the same terms as if the Retirement Plan had continued in effect; 
  
 Burlington Northern Santa Fe Corporation 
 Board of Directors 
 July 17, 2003Deferred Compensation Plan for Directors, as amended and restated

 Exhibit 10.35 
  
 As Amended and Restated December 9, 2004 
  
 BURLINGTON NORTHERN SANTA FE CORPORATION 
 DEFERRED COMPENSATION PLAN FOR DIRECTORS 
  
 Article I 
  
 Purpose

  

	1.01	The purpose of this Deferred Compensation Plan (Plan) is to attract and retain highly qualified individuals to serve as members of the Company’s Board of Directors.

  
 Article II 
  
 Administration 
  

	2.01	The Plan shall be administered by the Directors and Corporate Governance Committee of the Board of Directors (the “Committee”). The Committee shall interpret the Plan,
prescribe, amend and rescind the rules relating to it from time to time as it deems proper and in the best interests of the Company, and to take any other action necessary for the administration of the Plan. Any decision or interpretation adopted by
the Committee shall be final and conclusive and shall be binding upon all participants. 

  
 Article III 
  
 Participation 
  

	3.01	Participation in this Plan is voluntary. Each director of the Company may elect to participate in the Plan by written notice to the Company upon his election to the Board of
Directors. 

  

	3.02	The election, which shall be irrevocable, shall remain in effect for one year which shall begin on the day of the annual stockholders’ meeting and shall terminate the day
before the succeeding annual stockholders’ meeting. 

  

	3.03	The election by a director who is elected to the Board at other than an annual stockholders’ meeting shall remain in effect until the next annual stockholders’ meeting.

  

	3.04	Notwithstanding any other provisions of this Plan, no amounts earned after December 31, 2004, may be deferred under the Plan, and no election to defer may be made after
December 31, 2004. 

  

 Article IV 
  

Compensation 
  

	4.01	Each Participant may elect to have all or a specified percentage of his Compensation deferred until he ceases to be a director. 

  

	4.02	“Compensation” shall mean the annual retainer and meeting fees for Board and Board Committee meetings. 

  

	4.03	The Company shall establish a memorandum account for each Participant who has elected to defer a portion of his Compensation for any year and shall credit such account for
Compensation on the date payment would otherwise have been made. 

  

	4.04	Interest on investment returns shall be reflected to each member’s account at the end of each quarter and such other periods as may be determined by the Committee. The rate of
return shall be based upon the investment option selected and the return on such investment option. Such investment options shall be established by the Board with such terms and conditions as they may deem appropriate. 

  

	4.05	Distribution of a Participant’s memorandum account shall be as follows: 

  

	 	(a)	in a lump sum in cash in January of the year following the year in which the Participant ceases to be a director; or 

  

	 	(b)	if approved by the Committee and irrevocably elected by the Participant no later than the year before the year in which the distribution of the Participant’s memorandum account
would otherwise occur or commence, in a number of equal annual installments, not to exceed ten, commencing in January of the year following the year in which the Participant ceases to be a director. 

  

	 	(c)	Notwithstanding any other provisions of this Plan, no distribution election may be made after December 31, 2004. If no distribution election is made, distribution of the
Participant’s memorandum account shall be made in accordance with subsection (a) above. 

  

	4.06	Interest shall accrue on the outstanding memorandum account balance to the date of distribution. 

  

	4.07	 If a Participant dies or becomes permanently disabled prior to payment of all amounts due under the Plan, the balance of the amount due shall be payable to the
Participant or his Beneficiary, at the discretion of the Committee, in a lump sum as soon as practicable or in some number of equal annual installments, not to exceed ten, commencing in January of the year following the year in which the Participant
died or became permanently disabled. Beneficiary shall mean any individual, trust or other recipient named by a Participant to receive amounts due hereunder upon his death. Subject to the discretion of the Committee, a Participant may designate the
Beneficiary to receive any 

  

 2 

	 	 
amounts due hereunder in the event of the Participant’s death, and to change any such designation. Each such designation of a Beneficiary shall be
evidenced by a written instrument filed with the Committee and signed by the Participant. A Beneficiary designation may be revoked or amended only by the completion of a new Beneficiary designation instrument, provided, however, that if a
Participant’s spouse is named as such Participant’s Beneficiary, and the Participant and such spouse are subsequently divorced, then the designation of the spouse made prior to the divorce shall be null and void. In order to designate a
former spouse as a Beneficiary, a new Beneficiary designation instrument must be completed. If no Beneficiary designation is on file with the Committee at the time of the death of a Participant, or if for any reason such designation is defective,
then the Participant’s estate shall be deemed to be the Beneficiary. 

  

	4.08	The Committee shall distribute periodic earnings reports to the Participants under the Plan. 

  
 Article V. 
  
 General Provisions 
  

	5.01	The deferred compensation to be paid to the Participants pursuant to this Plan is an unfunded obligation of the Company. Nothing herein contained shall require the Company to
segregate any monies from its general funds, or to create any trusts, or to make any special deposits with respect to this obligation. Title to and beneficial ownership of any funds invested or reinvested, including the income or profits therefrom,
which the Company may make to fulfill its obligations under this Plan shall at all times remain in the Company. A Participant’s right to receive the payment of any deferred compensation may not be assigned, transferred, pledged or encumbered
except by will or by the laws of descent or distribution. 

  

	5.02	The Board of Directors may from time to time amend, suspend or terminate the Plan, in whole or in part, and if the Plan is suspended or terminated, the Board may reinstate any or
all of its provisions. 

  

 3

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00117-of-00352.parquet"}]]