Document:

Exhibit 4.3(ii)

 

ECOLAB SAVINGS PLAN AND ESOP

FOR TRADITIONAL BENEFIT EMPLOYEES

2013

 

First Amendment

 

Pursuant to Section 10.2 of the “Ecolab Savings Plan and ESOP for Traditional Benefit Employees,” the Company amends the Plan, effective as of January 1, 2013, as follows:

 

1.  Section 2.1 Eligibility is amended to read as follows:

 

“2.1                         Eligibility

 

(A)                               Each individual who is determined by the Plan Administrator, as of December 31, 2012, to have an accrued benefit under the final average pay formula or the 5% cash balance formula of the Ecolab Pension Plan, by reason of participation in that plan on or before January 1, 2007, and who has an Account balance under the Ecolab Savings Plan and ESOP on December 31, 2012, will be a Participant in this Plan.

 

(B)                               An individual who is a Beneficiary or an Alternate Payee with respect to a Participant described in Subsection (A) above and has an Account balance under the Ecolab Savings Plan and ESOP on December 31, 2012, will have an Account under this Plan as of January 1, 2013, consisting of the account transferred from the Ecolab Savings Plan and ESOP.

 

(C)                               No other individual will become a Participant.”

 

2.                                      The following Section 2.7 Transfer of Accounts is added to Article 2.

 

“2.7                         Transfer of Accounts

 

If, a Participant who has (i) terminated employment, (ii) been rehired by an Affiliated Organization and (iii) accrued a benefit under the Ecolab Savings Plan and ESOP requests a hardship withdrawal or a loan from this Plan or from the Ecolab Savings Plan and ESOP, his or her Accounts will be transferred to the Ecolab Savings Plan and ESOP in a trust to trust transfer.  Each of his Accounts will be credited to the corresponding account under the transferee plan.”

 

3.                                      Subsection (B) of Section 5.3 Transfer Among Investment Funds is amended to read as follows:

 

“(B)                         A Participant’s right to transfer investments will be subject to, and limited by, restrictions imposed by the managers of the investment funds involved in the transfer.  A Participant subject to Section 16(b) of the Securities Exchange Act must inform the Company prior to completing any transactions involving the Ecolab Stock Fund.”

 

 

4.                                      Subsection (B)(2) of Section 6.1 Non-Hardship Withdrawals is amended to read as follows:

 

“(2)                           Accounts other than the Roth 401(k) Account. Withdrawals under this clause will be charged in the following order: After-Tax Savings Contribution Account; Rollover Account; Before-Tax Savings Contribution Account; Matching Account; and Profit Sharing Account.”

 

5.                                      Subsection (D) of Section 8.1 Distribution Events is amended to read as follows:

 

“(D)                         Any distribution to the Participant’s Beneficiary will be made not later than the last day of the year following the year in which the Participant’s death occurs; provided, that, the surviving Spouse of a Participant who died before January 1, 2013, will retain the option he or she had under prior plan provisions to defer distribution to a specified date not later than the date the Participant would have attained age 70-1/2.  If such a surviving Spouse dies prior to distribution of benefits to such Spouse, distribution will be made as soon as practicable after such Spouse’s death.”

 

6.                                      Subsection (B)(2) of Section 8.9 Minimum Required Distributions is amended to read as follows:

 

“(2)                           If the Participant dies before distributions begin, the Participant’s entire interest will be distributed in a single lump sum not later than the last day of the year following the year in which the Participant’s death occurs; provided that the entire interest of a Participant who died before January 1, 2013 will be distributed as follows:

 

(a)                                 If the Participant’s surviving Spouse is the Participant’s sole designated beneficiary, then distribution to the surviving Spouse will be made by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later.

 

(b)                                 If the Participant’s surviving Spouse is not the Participant’s sole designated beneficiary, then distribution to the Beneficiary will be made by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

 

(c)                                  If the Participant’s surviving Spouse is the Participant’s sole designated beneficiary and the surviving Spouse dies after the Participant but before distribution to the surviving Spouse is made, this Section 8.9(B)(2), other than paragraph (a) above, will apply as if the surviving Spouse were the Participant.

 

For purposes of this Section 8.9(B)(2) unless paragraph (c) above applies, distributions are considered to begin on the Participant’s Required Beginning Date.  If paragraph (c) applies, distributions are considered to begin on the date

 

 

distributions are required to begin to the surviving Spouse under paragraph (a) above.”

 

7.                                      Subsection (B)(3) of Section 13.3 Top-Heavy Provisions is amended to read as follows:

 

“(3)                           The “required aggregation group” consists of (i) each plan of an Affiliated Organization in which a key employee participates, and (ii) each other plan of an Affiliated Organization that enables a plan in which a key employee participates to meet the nondiscrimination requirements of Code section 401(a)(4) or 410.”

 

IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed by its duly authorized officers this 21st day of December, 2012.

 

	
 
    	
ECOLAB   INC.
    
	
 
    	
 
    
	
 
    	
(Seal)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By   
    	
/s/Daniel   J. Schmechel 
    
	
 
    	
 
    	
Daniel   J. Schmechel 
    
	
 
    	
 
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
Attest:   
    	
/s/James   J. Seifert 
    	
 
    	
 
    	
 
    
	
 
    	
James   J. Seifert 
    	
 
    	
 
    	
 
    
	
 
    	
Executive   Vice President, General Counsel and SecretaryExhibit 4.3(iii)

 

ECOLAB SAVINGS PLAN AND ESOP

FOR TRADITIONAL BENEFIT EMPLOYEES

 

Second Amendment

 

Pursuant to Section 10.2 of the “Ecolab Savings Plan and ESOP for Traditional Benefit Employees,” the Company amends the Plan, effective as of January 1, 2013, revising Subsection (A) of Section 11.17, defining Eligible Earnings, to read:

 

(A)                               Except as provided below, the “Eligible Earnings” of a Participant for any period are the sum of the amounts paid for that period for service as an Employee as base salary and wages, overtime pay, shift differential premium, commissions, annual incentive bonuses paid in the form of cash (but not long-term incentive bonuses), vacation pay, personal leave pay, “differential wage payment,” as defined in Code section 3401(h), and short-term disability benefits paid by the Participating Employer, increased by the amount of Elective Deferral Contributions made on behalf of the Participant for that period and by the net amount of compensation reductions experienced by the Participant during such Plan Year under any Code section 125 cafeteria plan or Code section 132(f)(4) qualified transportation fringe maintained by the Participating Employer.  Eligible Earnings will not include severance pay, executive perquisite allowance, any remuneration paid after the end of the month in which the Participant’s employment terminated, amounts deferred or paid under an agreement between the Participating Employer and the Participant that is not a plan qualified under Internal Revenue Code Section 401(a), any Matching Contributions or Profit Sharing Contributions, contributions made by the Participating Employer under any other employee benefit plan, or amounts realized by the Participant upon the exercise of a nonqualified stock option, the lapse of restrictions applicable to restricted stock or any disposition of stock acquired under a qualified or incentive stock option.

 

IN WITNESS WHEREOF, the Company has caused this instrument to be executed by its authorized officers and its corporate seal to be affixed, on the date written below.

 

	
Dated:    May 2, 2013
    	
ECOLAB   INC.
    
	
 
    	
 
    
	
 
    	
(Seal)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By   
    	
/s/Daniel   J. Schmechel 
    
	
 
    	
 
    	
Daniel   J. Schmechel
    
	
 
    	
 
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
Attest:   
    	
/s/James   J. Seifert 
    	
 
    	
 
    	
 
    
	
 
    	
James   J. Seifert 
    	
 
    	
 
    	
 
    
	
 
    	
Executive   Vice President, General Counsel and SecretaryExhibit 4.3(iv)

 

ECOLAB SAVINGS PLAN AND ESOP

FOR TRADITIONAL BENEFIT EMPLOYEES

 

Third Amendment

 

Pursuant to Section 10.2 of the “Ecolab Savings Plan and ESOP for Traditional Benefit Employees,” the Company amends the Plan, as set forth below.  Unless otherwise provided, each of the revisions of the Savings Plan will be effective January 1, 2014.

 

(1)                                 Account Transfers.  Section 2.7 is amended to read:

 

2.7                               Transfer of Accounts

 

The Accounts of each Participant who has (i) terminated employment, (ii) become employed by an Affiliated Organization and (iii) become eligible to participate in the Ecolab Savings Plan and ESOP (or would be eligible if not subject to a collective bargaining agreement) will be transferred to the Ecolab Savings Plan and ESOP in a trust-to-trust transfer.  Each of his or her Accounts will be credited to the corresponding account under the transferee plan.

 

(2)                                 Roth Contributions.  Section 3.1(C)(2) is amended to read:

 

(2)                                 A Participant may elect to have any portion or all of his or her future Eligible Earnings reductions designated as Roth 401(k) Contributions.  Such election will remain in effect with respect to all Eligible Earnings reductions until changed by a new Participant election.

 

(3)                                 Roth Catch-Up Contributions.  Section 3.2(D) is amended 2014, to read:

 

(D)                               Catch-Up Contributions will be allocated to the Participant’s Before-Tax Savings Contribution Account or Roth 401(k) Account in accordance with the Participant’s contribution election.

 

(4)                                 Roth Rollovers.  Section 3.4(D) is amended to read:

 

(D)                               The Plan will accept a rollover contribution to a Participant’s Roth 401(k) Rollover Account, but only if it is a direct rollover from another Roth elective deferral account under an applicable retirement plan described in Code section 402A(e)(1) and only to the extent the rollover is permitted under the rules of Code section 402(c).

 

(5)                                 Elimination of Withdrawal Limits.  Section 6.4 is amended to read:

 

6.4.                            Rules for Withdrawals

 

(A)                               No withdrawal from an Account may exceed the balance of such Account reduced by any outstanding loan from the Account.

 

 

(B)                               A withdrawal distribution will be made only upon the Participant’s application in the manner prescribed by the Administrator.

 

(C)                               The provisions of Section 8.8 will apply to any withdrawal distribution that constitutes an Eligible Rollover Distribution.

 

(D)                               Amounts withdrawn will be taken ratably from the investment funds, other than a loan account, in which the Accounts from which the withdrawal is made are invested.

 

(6)                                 Section 415 Contribution Limit Corrections  Section 9.3(C) is amended, effective January 1, 2013, to read:

 

(C)                               If the Administrator, in his or her discretion, determines that the limitation under Subsection (A) would otherwise be exceeded:

 

(1)                                 to the extent necessary to prevent such excess from occurring, the amount of a Participant’s Eligible Earnings reductions and Elective Deferral Contributions will be prospectively reduced; and

 

(2)                                 if, in spite of such reductions and as a result of reasonable error in estimating the amount of the Participant’s Eligible Earnings, Elective Deferral Contributions, other elective deferrals within the meaning of Code section 402(g)(3), or Section 415 Wages, the limitation would otherwise be exceeded, then, such excess will be corrected in accordance with the Employee Plans Correction Resolution System under Revenue Procedure 2013-12 or such program as is then in effect.

 

(7)                                 Plan Termination Vesting.  Section 10.4 is amended, effective January 1, 2013, to read:

 

10.4.                     Vesting Upon Termination, Partial Termination or Discontinuance of Contributions

 

Upon termination of the Plan or upon the complete discontinuance of contributions by all Participating Employers, the Accounts of each Participant will, to the extent funded, vest in full.  Upon a partial termination of the Plan, the Accounts of each Participant as to whom the Plan has been partially terminated will, to the extent funded, vest in full.

 

(8)                                 Domestic Partner.  Section 11.14 is amended, effective September 16, 2013, to read:

 

11.14.              Domestic Partner

 

A Participant’s “Domestic Partner” is an individual, other than the Participant’s Spouse, who satisfies one of the following conditions not later than the earlier of the date on which benefits commence and the Participant’s death:

 

 

(A)                               The Participant and such person are, under the laws of a state or of a jurisdiction outside the United States, the parties to a

 

(1)                                 civil union,

 

(2)                                 registered domestic partnership, or

 

(3)                                 similar, legally-recognized arrangement,

 

that has not been dissolved or revoked; or

 

(B)                               The Participant and such person have filed with the Company an affidavit, in a form prescribed by the Administrator, attesting that

 

(1)                                 they have an ongoing and committed “Spouse-like” relationship;

 

(2)                                 they intend to continue their relationship indefinitely;

 

(3)                                 each of them is 18 years of age or older and competent to enter into a contract;

 

(4)                                 neither of them is the Spouse or Domestic Partner of anyone else;

 

(5)                                 they are not related by blood closer than permitted by marriage law in their state of residence;

 

(6)                                 they share a principal residence and intend to do so indefinitely;

 

(7)                                 they are jointly responsible for the direction and financial management of their household and take joint responsibility for each other’s financial obligations; and

 

neither the Participant nor such person has revoked such affidavit.

 

(9)                                 Spouse  Section 11.48 is amended, effective September 16, 2013, to read:

 

11.48.              Spouse

 

A person is the “Spouse” of another if, and only if, such person and the other person became married to each other under the law of any jurisdiction and the marriage has not been legally terminated.  A Participant’s “surviving Spouse” is the person who was the Participant’s Spouse at the Participant’s death.

 

(10)                          Section 13.3(B)(3) is amended, effective January 1, 2013, to read:

 

 

(3)                                 The “required aggregation group” consists of (i) each plan of an Affiliated Organization in which a key employee participates, and (ii) each other plan of an Affiliated Organization that enables a plan in which a key employee participates to meet the nondiscrimination requirements of Code section 401(a)(4) or 410.

 

IN WITNESS WHEREOF, the undersigned has caused this instrument to be executed by its duly authorized officers this 23rd day of December, 2013.

 

	
 
    	
ECOLAB   INC.
    
	
 
    	
 
    
	
 
    	
(Seal)
    	
 
    	
 
    
	
 
    	
 
    	
 
    	
 
    
	
 
    	
 
    	
By   
    	
/s/Daniel   J. Schmechel 
    
	
 
    	
 
    	
Daniel   J. Schmechel
    
	
 
    	
 
    	
Chief   Financial Officer
    
	
 
    	
 
    	
 
    
	
Attest:   
    	
/s/James   J. Seifert 
    	
 
    	
 
    	
 
    
	
 
    	
James   J. Seifert 
    	
 
    	
 
    	
 
    
	
 
    	
Executive   Vice President, General Counsel and Secretary

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