Document:

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                                                                   EXHIBIT 10.31

                                 FIRST AMENDMENT
                                     TO THE
                       SCI 401(K) RETIREMENT SAVINGS PLAN

         AMENDMENT by Service Corporation International, a corporation organized
and existing under the laws of the State of Texas, (hereinafter referred to as
Company).

                                   WITNESSETH:

         WHEREAS, the Company previously adopted and maintains the SCI 401(k)
Retirement Savings Plan (the Plan); and

         WHEREAS, pursuant to Article XVIII of the Plan, the Company may amend
the Plan at any time; and

         WHEREAS, the Company desires to amend the Plan in certain respects,

         NOW, THEREFORE, BE IT RESOLVED, that effective as of July 1, 2000
except where otherwise provided, the Plan is hereby amended as follows:

1.       Section C(2) of the Adoption Agreement is amended as follows:

         "(2) There will be a short Plan Year for the period beginning July 1,
         2000 and ending December 30, 2000. From and after December 31, 2000,
         Plan Year shall mean the twelve consecutive month period beginning on
         each December 31 and ending on the next December 30."

2.       Section (D)(1) of the Adoption Agreement to the Plan shall be amended
         to delete the "x" in Section (D)(1)(a) and amend Section (D)(1)(c) to
         read as follows:

         "(c) [x] All employees who are not covered by a collective bargaining
         agreement or who are covered by a collective bargaining agreement which
         provides for participation in the Plan. An employee will not be
         considered to be covered by a collective bargaining agreement for
         purposes of eligibility to participate unless retirement benefits were
         the subject of good faith bargaining between the employer and the
         employees' representatives.

3.       Effective as of January 1, 2001, Section (I) of the Adoption Agreement
         to the Plan shall be amended to eliminate the election of a
         discretionary percentage matching contribution in (2)(b) and electing
         instead a discretionary graduated matching contribution and amending
         Section (2)(c) of the Adoption Agreement to read as follows:

         "COMPANY MATCHING AND COMPANY QUALIFIED MATCHING CONTRIBUTIONS

         (c) [x] DISCRETIONARY GRADUATED MATCH - An amount equal to a specified
         percentage of the Elective Deferrals, the total contribution not to
         exceed the lesser of $ NA or 6% of Compensation. The specified
         percentage will vary with the Years of Service credited to the
         Participant for vesting purposes as follows:

<TABLE>
<CAPTION>
              Years of Service          Percentage Match
              ----------------          ----------------
<S>                                          <C>
                    0-5                       75%
                    6-10                     110%
                    11 or more               135%
</TABLE>

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         The above-stated Matching Contribution will apply effective as of
         January 1, 2001 and for each calendar year thereafter, unless and until
         such Company Matching Contribution shall be revoked or modified by
         action of the Executive Committee of the Company."

4.       Part I of the Plan is amended to add a new subsection 1.50 as follows:

         "1.50 APPLICABLE TAX YEAR means the Tax Year in which the Plan Year
         begins."

5.       Part I of the Plan is amended to add a new subsection 1.51 as follows:

         "1.51 TAX YEAR means the fiscal year of the Company which begins on
         January 1 and ends on December 31."

6.       Part I of the Plan Document is amended to add a new subsection 1.52 as
         follows:

         "1.52 SPECIFIED MINIMUM EMPLOYER CONTRIBUTION. An amount contributed by
         the Employer to the Trust pursuant to Section 4.16 of the Plan."

7.       Section 3.2 of the Plan shall be amended to read as follows:

         "3.2 ELIGIBILITY COMPUTATION PERIOD. Years of Service and Breaks in
         Service for purposes of determining eligibility to participate in the
         Plan shall be measured on the same eligibility computation period. The
         eligibility computation period is the 12-consecutive month period
         beginning on the date the Employee first performs an Hour of Service
         for the Company (employment commencement date) and each anniversary of
         such date thereafter."

8.       Part IV of the Plan is amended by the addition of a new Section 4.16 as
         follows:

         "4.16 SPECIFIED MINIMUM EMPLOYER CONTRIBUTIONS. Notwithstanding any
         provision of the Plan to the contrary, the following provisions shall
         govern the treatment of Specified Minimum Employer Contributions.

         (a)      Frequency and Eligibility. For each Plan Year beginning on and
                  after December 31, 2000, the Employer shall make a
                  discretionary Specified Minimum Employer Contribution on
                  behalf of the group of Employees who are Employees and Plan
                  Participants from the first day through the last day of the
                  Applicable Tax Year (First Day Participants). For purposes of
                  the Applicable Tax Year beginning January 1, 2000 and ending
                  December 31, 2000, First Day Participants shall be the group
                  of Employees who are Employees from the first day through the
                  last day of the Applicable Tax Year and Plan Participants from
                  July 1, 2000 through

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                  the last day of the Applicable Tax Year. The Specified Minimum
                  Employer Contribution will be based on Compensation earned by
                  the First Day Participants in the Applicable Tax Year. The
                  Specified Minimum Employer Contribution for each Plan Year
                  shall be in an amount determined by the Board of Directors by
                  appropriate resolution on or before the last day of the
                  Applicable Tax Year.

         (b)      Allocation Method. Each First Day Participant's share of the
                  Specified Minimum Employer Contribution for each Plan Year
                  shall be determined as follows:

                  (1)      The Specified Minimum Employer Contribution shall be
                           allocated during the Plan Year as Elective Deferral
                           Contributions described in Section 1.20 of the Plan
                           and Company Matching Contributions described in
                           Section 1.10 of the Plan, to the Account of each
                           First Day Participant pursuant to Part IV of the Plan
                           and Sections G and I of the Adoption Agreement. Such
                           Matching Contributions shall be made without regard
                           to any last-day requirement, or any other Year of
                           Service or hour-of-service requirement.

                  (2)      Second, if any of the Specified Minimum Employer
                           Contribution remains after the allocation in Section
                           4.16(b)(1) above, the remainder shall, to the extent
                           allowable under section 415 of the Internal Revenue
                           Code, be allocated as an additional Company Matching
                           Contribution on the last day of the Plan Year to each
                           First Day Participant's Company Matching Contribution
                           Account, as defined in Section 8.1, in the ratio that
                           such First Day Participant's Elective Deferral
                           Contributions during the Plan Year bear to the
                           Elective Deferral Contributions of all First Day
                           Participants during the Plan Year.

                  The Specified Minimum Employer Contributions allocated as an
                  additional Company Matching Contribution shall be treated in
                  the same manner as Company Matching Contributions for all
                  purposes of the Plan.

                  (3)      Third, any balance of the Specified Minimum Employer
                           Contribution remaining unallocated after the
                           allocation in section 4.16(b)(2) above, shall be
                           allocated as a Company Profit Sharing Contribution to
                           each First Day Participant's Company Profit Sharing
                           Contribution Account, as defined in Section 8.1, in
                           the ratio that the First Day Participant's
                           Compensation during the Plan Year bears to the total
                           Compensation of all First Day Participants during the
                           Plan Year.

                  (4)      Fourth, any balance of the Specified Minimum Employer
                           Contribution remaining unallocated after the
                           allocation in section 4.16(b)(3), above, shall be
                           allocated as a Company Profit Sharing Contribution to
                           the Company Profit Sharing

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                           Contribution Account, as defined in Section 8.1, of
                           each employee who was a Participant in the Plan on
                           the first day of the Plan Year, in the ratio that
                           such Participant's Compensation during the Plan Year
                           bears to the total Compensation of all such
                           Participants during the Plan Year.

                  (5)      The Administrator shall reduce the proportionate
                           allocation under Section 4.16(b)(2), (3), and (4)
                           above, to Participants who are Highly Compensated
                           Employees to the extent necessary to comply with the
                           provisions of section 401(a)(4) of the Internal
                           Revenue Code and the regulations thereunder. Any such
                           amount will be allocated and reallocated to the
                           remaining Participants to the extent allowed under
                           section 415 of the Internal Revenue Code.

                  Notwithstanding any other provision of the Plan to the
                  contrary, any allocation of Elective Deferral Contributions to
                  a First Day Participant's Elective Deferral Account shall be
                  made under Section G of the Adoption Agreement or this
                  section, as appropriate, but not both sections. Similarly, any
                  allocation of Company Matching Contributions to a First Day
                  Participant's Company Matching Account shall be made under
                  either Section I of the Adoption Agreement or this section, as
                  appropriate, but not both sections.

         (c)      Timing, Medium and Posting. The Employer shall make the
                  Specified Minimum Employer Contribution in cash or in Company
                  Stock, in one or more installments without interest, at any
                  time during the Plan Year, and for purposes of deducting such
                  Contribution, not later than the Employer's federal tax filing
                  date, including extensions, for its Tax Year that ends within
                  such Plan Year. The Trustee shall post such amount to each
                  First Day Participant's Elective Deferral Account, Company
                  Matching Account, or Company Profit Sharing Contribution
                  Account once the allocations under (1) through (5), above, are
                  determined.

         The Specified Minimum Employer Contribution shall be held in a suspense
         account until posted. Such suspense account shall not participate in
         the allocation of investment gains, losses, income and deductions of
         the trust as a whole, but shall be invested separately. All gains,
         losses, income and deductions attributable to such suspense account
         shall be applied to reduce Plan fees and expenses. In no event will
         amounts remain in the suspense account after the end of the Plan Year.

         (d)      Deduction Limitation. In no event shall the Specified Minimum
                  Employer Contribution, when aggregated with other Employer and
                  Participant contributions for the Employer's Tax Year that
                  ends within such Plan Year, exceed the amount deductible by
                  the Employer for federal income tax purposes for such Tax
                  Year."

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9.       The first paragraph of Section 9.3 of the Plan shall be amended by
         substituting the words "calendar year" in each place that the words
         "Plan Year" appear.

10.      The first sentence of Addendum B of the Plan shall be amended to read
         as follows:

11.      "The following additional provisions concerning qualifying Employer
         securities are included as an addendum to Part VI of the SCI 401(k)
         Retirement Savings Plan (the "Plan")."

12.      Section 6.4 of Addendum B of the Plan shall be redesignated as Section
         6.6 and the remaining sections of Addendum B shall be redesignated
         accordingly.

13.      Addendum B of the Plan shall be amended to add a new Section 6.7 to
         read as follows:

         "6.7 COMPANY CONTRIBUTIONS MADE IN COMPANY STOCK.

                  All Company Matching Contributions and other contributions
         made by the Company other than Elective Deferrals shall be made in
         Company Stock unless the Company, by action of its Board of Directors,
         shall specify that such contributions shall be made in cash. Prior to
         making any such contribution, the Company shall specify the amount to
         be contributed in a notice to the Applicable Fiduciary. The Applicable
         Fiduciary shall determine the price assigned to and the number of
         shares necessary to satisfy the amount of such contribution (based on
         the closing price of such shares on a national securities exchange as
         of the day immediately prior to such determination and such other
         factors as the Applicable Fiduciary may in its discretion deem
         appropriate) and shall provide notice to the Company on the date of
         such determination of the number of shares required to be contributed.
         The Company shall contribute such shares through original issuance of
         shares, purchase from the Company's treasury, purchase through national
         securities exchange, or pursuant to other arrangements mutually agreed
         upon by the Company and the Applicable Fiduciary. Shares of Company
         Stock contributed by the Company shall be held in the Company Stock
         Fund and shall be subject to all relevant provisions of the Plan and
         this Addendum B."

13.      Except as amended herein, the Plan is hereby ratified and affirmed in
         all respects.

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         IN WITNESS WHEREOF, this Amendment is adopted this _______ day of
__________________, 2000.

                                    SERVICE CORPORATION INTERNATIONAL

                                    ---------------------------------

Attest:

--------------------------------
(Seal)
Secretary

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                                                                      EXHIBIT 4n

                                 PROMISSORY NOTE

                                 Houston, Texas                   April 27, 2000

         ___________________, for value received, promises and agrees to pay on
or before April 27, 2010 unto the order of Rowan Companies, Inc. (hereinafter
called "Payee"), at the offices of the Payee in Houston, Texas in lawful money
of the United States of America, the principal sum of _____________________and
No/100 Dollars ($_______________), together with interest thereon, from and
after the date hereof, on March 31, June 30, September 30 and December 31 of
each year unless such day is not a business day, in which case it shall mean the
immediately succeeding business day, the first such interest payment for the
period beginning on and including the date hereof and ending on and excluding
June 30, 2000, at the per annum interest rate announced publicly by Citibank,
N.A. in New York, New York from time to time as its Base Rate plus 1/2% per
annum; provided, that if any such interest rate shall be lower than the
applicable interest rate for such period determined under Sections 483 and 1274
(d) of the Internal Revenue Code of 1954, as amended (the "Federal Rate"), such
Federal Rate shall apply. The amount of interest payable for any such period is
computed by multiplying the decimal equivalent of the applicable interest rate
for such period by the actual number of days in such period, dividing by 360 and
multiplying the resulting quotient by the principal amount hereof. If the
principal of this Note is prepaid in whole or in part, all accrued and unpaid
interest with respect to such principal amount prepaid is due and payable on the
date of such prepayment.

         Payment of this Note when due is secured by a pledge of and lien on the
Series C Floating Rate Subordinated Convertible Debenture due 2010 of the Payee
dated April 27, 2000 in the principal amount of $______________, issued in the
name of the undersigned, which Debenture, accompanied by an executed transfer
power for such Debenture and in proper form for transfer, has been delivered to
the Payee.

         In the event of the non-payment when due of any liability of the
undersigned to the Payee hereunder, then, or at any time after the happening of
such event, the holder of this Note may, without demand upon or notice to the
undersigned (both of which are expressly waived by the undersigned), declare all
sums owing hereon to be, and such sums shall become, due and payable. Upon such
declaration, the Payee will, to the extent practicable, set off any amounts
owing hereon by the undersigned with amounts owing by the Payee pursuant to the
Series C Floating Rate Subordinated Debenture due 2010. This Note shall be
construed according to and governed by the laws of the State of Texas.

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         By its acceptance hereof, the Payee of this promissory note, hereby
acknowledges and agrees that if (i) Rowan Companies, Inc., a Delaware
corporation (the "Company") fails, at any time, to fulfill its payment
obligations owing in respect of its Series C Floating Rate Subordinated
Convertible Debentures due 2010 (collectively, the "Debentures") or (ii) an
Event of Default (as such term is defined in the Debentures) has occurred and is
continuing, the payment obligations (with respect to principal and interest) of
the undersigned maker of this promissory note under the terms hereof will,
automatically be suspended and terminated until such time, if any, that the
Company has fulfilled all of its payment obligations then due and owing in
respect of the Debentures or such Event of Default no longer exists, as the case
may be.

                                         -----------------------------

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