Document:

EX-4.3

 Exhibit 4.3 

AMENDMENT NO. 1 TO THE 

TD 401(K) RETIREMENT PLAN 

2020 Amendment and Restatement 

WHEREAS TD Bank US Holding Company (the “Company”) maintains the TD 401(k) Retirement Plan (the “Plan”), which was last amended and
restated generally effective January 1, 2020; and 
 WHEREAS by Section 13.01, the Bank (as defined in the Plan) from time to time may
amend the Plan; and 
 WHEREAS the right to make amendments or modifications to the Plan that are not material has been delegated to certain senior
officers of TD Bank Group pursuant to the retirement governance rules and procedures applicable to the Plan; and 
 WHEREAS this amendment is
considered to be non-material under said retirement governance rules and procedures. 
 NOW, THEREFORE, BE IT
RESOLVED THAT: 
 The Plan is amended in the following respects, effective October 1, 2020, except as otherwise provided herein: 

1. Section 1.03 is amended in its entirety to read as follows: 

1.03 “Aggregate Account” means the account established and maintained by the Trustee for each Participant that
reflects the Participant’s share of the Trust Fund and separately reflects the balance of the following sub-accounts: Pre-Tax Salary Deferral Contribution Account,
Designated Roth Salary Deferral Contribution Account, Matching Contribution Account, Core Contribution Account, Transition Contribution Account, Discretionary Contribution Account, Rollover Contribution Account, Designated Roth Direct Rollover
Account, and Elective Transfer Account, Nonelective Transfer Account, and Predecessor Plan Account(s) to the extent not included in the foregoing. Effective for Plan Years for which the requirements of Code Sections 401(k)(12)(B) and 401(m)(11) are
satisfied, the Trustee shall assure that each Participant’s Aggregate Account separately reflects the balance of such account attributable to Matching Contributions paid for such years. 

2. Article I is amended by adding the following definitions as new Sections 1.14, 1.15, 1.16 and 1.17, and existing Sections 1.14 through 1.66 are accordingly
redesignated as Sections 1.18 through 1.70: 
 1.14 “Designated Roth Direct Rollover” means a direct rollover
(within the meaning of Q&A-3 of Treasury Regulation §401(a)(31)-1) of an eligible rollover distribution from a designated Roth account under an applicable
retirement plan described in Code Section 402A(e)(1) on behalf of an Eligible Employee in accordance with Section 3.08. 

 1.15 “Designated Roth Direct Rollover Account” means a bookkeeping
entry maintained by the Plan Administrator for each Participant on whose behalf a Designated Roth Direct Rollover is made in accordance with Section 3.08, in which shall be recorded the amount of the Participant’s Designated Roth Direct
Rollovers, adjustments for allocations of income or loss, distributions and all other information affecting the value of such account. 

1.16 “Designated Roth Salary Deferral” means amounts that a Participant elects to defer by payroll withholding from
current Earnings on an after-tax basis under a Participation Agreement, which amounts are contributed to the Plan by the Company and allocated to such Participant’s Designated Roth Salary Deferral
Contribution Account as described in Section 3.01. 
 1.17 “Designated Roth Salary Deferral Contribution
Account” means a bookkeeping entry maintained by the Plan Administrator for each Participant who has elected to make Designated Roth Salary Deferrals, in which shall be recorded the Designated Roth Salary Deferrals to be allocated on the
Participant’s behalf under Article III, adjustments for allocations of income or loss, distributions and all other information affecting the value of such account. 

3. Section 1.25 (as redesignated herein) is amended in its entirety to read as follows: 

1.25 “Elective Transfer Account” means the aggregate value of a Participant’s interest in his or her account or
accounts under an Affiliate’s profit-sharing plan, determined as of the transfer date under Section 10.13; provided the Plan Administrator shall, on a uniform basis, either (i) maintain
sub-account(s) under such Account for the portion of such Account, if any, that is attributable to designated Roth salary deferrals and for the portion of such Account, if any, that is attributable to
designated Roth direct rollovers, or (ii) maintain the portion of an Elective Transfer Account, if any, that is attributable to designated Roth salary deferrals in a Designated Roth Salary Deferral Contribution Account and maintain the portion
of an Elective Transfer Account, if any, that is attributable to designated Roth direct rollovers in a Designated Roth Direct Rollover Account. 
 4.
Effective January 1, 2020, the first four lines of Section 1.27 (as redesignated herein) are amended in their entirety to read as follows: 

1.27 “Eligible Rollover Distribution” means any distribution to a Participant or Beneficiary from the Plan in the
amount of two hundred dollars ($200) or more, or any distribution to an Eligible Employee of all or any portion of his or her benefit from another eligible retirement plan (within the meaning of Code Section 402(c)(8)(B)), but excluding the
following: 

  
 2 

 5. Effective January 1, 2020, the last paragraph of Section 1.27 (as redesignated herein) is
amended in its entirety to read as follows: 
 A portion of a distribution from this Plan shall not fail to be an Eligible
Rollover Distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement
account or annuity described in Code Section 408(a) or (b), or to a qualified defined contribution plan described in Code Section 401(a) or 403(a) or an annuity contract described in Code Section 403(b) that agrees to separately
account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. 

6. Effective January 1, 2020, Paragraph (f) of Section 1.33 (as redesignated herein) is amended by replacing all references to “Paragraph
(d)” with “Paragraph (f).” 
 7. Effective January 1, 2021, Section 1.39 (as redesignated herein) is amended in its entirety to
read as follows: 
 1.39 “Normal Retirement Age” means, on and after January 1, 2021, the first day of the
month coincident with or next following the date the Participant attains age sixty- five (65). Before January 1, 2021 and on or after January 1, 2009, “Normal Retirement Age” means the first day of the month coincident with or
next following the later of (a) the date the Participant attains age sixty-five (65) and (b) the third anniversary of the Participant’s commencement of participation in the Plan; provided that, in the case of a Participant in this
Plan on December 31, 2008 (“pre-2009 Participant”), such meaning shall apply only to his or her Core Contribution Account and Transition Contribution Account. Before January 1, 2009, and with
respect to the Aggregate Account of a pre-2009 Participant, excluding his or her Core Contribution Account and Transition Contribution Account, “Normal Retirement Age” means the first day of the
month coincident with or next following the date the Participant attains age sixty-five (65). 
 8. Section 1.38 (as redesignated herein) is amended in
its entirety to read as follows: 
 1.38 “Nonelective Transfer Account” means the aggregate value of a
Participant’s interest in his or her account or accounts under an Affiliate’s profit-sharing plan, determined as of the transfer date under Section 10.12; provided the Plan Administrator shall, on a uniform basis, either
(i) maintain sub-account(s) under such Account for the portion of such Account, if any, that is attributable to designated Roth salary deferrals and for the portion of such Account, if any, that is
attributable to designated Roth direct rollovers, or (ii) maintain the portion of a Nonelective Transfer Account, if any, that is attributable to designated Roth salary deferrals in a Designated Roth Salary Deferral Contribution Account and
maintain the portion of a Nonelective Transfer Account, if any, that is attributable to designated Roth direct rollovers in a Designated Roth Direct Rollover Account. 

  
 3 

 9. Section 1.42 (as redesignated herein) is amended in its entirety to read as follows: 

1.42 “Participation Agreement” means an election by the Participant that (a) authorizes the Company to withhold
a portion of such Participant’s current Earnings as a Designated Roth Salary Deferral, a Pre-Tax Salary Deferral or a combination of both under Section 3.01, (b) specifies the Investment Funds under
Article V in which the Participant’s allocable share of the Trust Fund shall be invested, and (c) designates the Beneficiary or Beneficiaries to receive the death benefits provided under Article X, or any permitted modification thereof. A
Participation Agreement shall be made by such written, electronic or telephonic means and at such time as the Plan Administrator shall specify. 
 10.
Section 1.48 (as redesignated herein) is amended in its entirety to read as follows: 
 1.48 “Predecessor Plan
Account” means the aggregate value of a Predecessor Plan Participant’s interest in his or her account or accounts under a Predecessor Plan, determined as of the Plan Affiliation Date; provided the Plan Administrator shall, on a uniform
basis, either (i) maintain sub-account(s) under such Account for the portion of such Account, if any, that is attributable to designated Roth salary deferrals and for the portion of such Account, if any,
that is attributable to designated Roth direct rollovers, or (ii) maintain the portion of a Predecessor Plan Account, if any, that is attributable to designated Roth salary deferrals in a Designated Roth Salary Deferral Contribution Account and
maintain the portion of an Predecessor Plan Account, if any, that is attributable to designated Roth direct rollovers in a Designated Roth Direct Rollover Account. 

11. Article I is amended by adding the following definitions as new Sections 1.50 and 1.51 and Sections 1.50 through 1.70 (as redesignated in Part 2 above)
are accordingly further redesignated as Sections 1.52 through 1.72: 
 1.50
“Pre-Tax Salary Deferrals” means amounts that a Participant elects to defer by payroll withholding from current Earnings on a pre-tax basis under a
Participation Agreement, which amounts are contributed to the Plan by the Company and allocated to such Participant’s Pre-Tax Salary Deferral Contribution Account as described in Section 3.01. 

1.51 “Pre-Tax Salary Deferral Contribution Account” (formerly named
“Salary Deferral Contribution Account”) means a bookkeeping entry maintained by the Plan Administrator for each Participant who has elected to make Pre-Tax Salary Deferrals, in which shall be
recorded the Pre-Tax Salary Deferrals and Qualified Nonelective Contributions to be allocated on the Participant’s behalf under Articles III and IV, adjustments for allocations of income or loss,
distributions and all other information affecting the value of such account. 
 12. Section 1.57 (as redesignated herein) is amended in its entirety to
read as follows: 
 1.57 “Salary Deferrals” means Pre-Tax Salary Deferrals
or Designated Roth Salary Deferrals. 

  
 4 

 13. Section 1.58 (as redesignated herein) is deleted. 

14. Section 3.01 is amended in its entirety to read as follows: 

3.01 Salary Deferrals. A Participant may elect, subject to the right of the Plan Administrator to establish uniform and
nondiscriminatory rules and, from time to time, to modify or change such rules governing the manner and methods by which Salary Deferrals shall be made, to reduce his or her current Earnings by a deferral percentage, which amount the Company shall
then contribute to the Trust for allocation to either the Participant’s Pre- Tax Salary Deferral Contribution Account or Designated Roth Salary Deferral Contribution Account in accordance with the
following provisions: 
 (a) A Participant may elect to defer between one percent (1%) and fifty percent (50%) of his or her
Earnings while a Participant, in increments of one percent (1%). 
 (b) A Participant’s election pursuant to this
Section may include both Pre-Tax Salary Deferrals and Designated Roth Salary Deferrals for any payroll period. 

(c) Except as provided in subsection (d) below, Earnings shall be deferred on a
pre-tax basis (“Pre-Tax Salary Deferrals”). 

(d) A Participant may elect to defer part of his or her Earnings each payroll period on an
after-tax basis (“Designated Roth Salary Deferrals”), and such deferrals (plus any income and minus any loss allocable thereto) shall be separately accounted for and held in his or her Designated
Roth Salary Deferral Contribution Account. 
 (e) The tax treatment of amounts deferred shall be irrevocable: Pre-Tax Salary Deferrals may not be reclassified as Designated Roth Salary Deferrals, and Designated Roth Salary Deferrals may not be reclassified as Pre-Tax Salary Deferrals.

 (f) A Participant may direct the Plan Administrator to cease Salary Deferrals as soon as practicable after notice to such
effect has been delivered by such Participant to the Plan Administrator by such written, telephonic, or electronic means as the Plan Administrator shall prescribe. If a Participant ceases to make Salary Deferrals, such Participant may resume
participation at any time thereafter by filing a Participation Agreement with the Plan Administrator. 
 (g) A Participant
may increase or decrease the amount of his or her Salary Deferrals (subject to the limits set forth in Paragraph (a) above) or change the designation of future Salary Deferrals from Pre-Tax Salary
Deferrals to Designated Roth Salary Deferrals (or from Designated Roth Salary Deferrals to Pre-Tax Salary Deferrals) at any time. Except as provided in the following paragraph, a request for change shall be
effective as soon as practicable following receipt by the Plan Administrator of such request. 

  
 5 

 A Participant may elect under the Plan recordkeeper’s automatic
increase service (and by such written, telephonic or electronic means as shall be prescribed by the Plan Administrator) to have his or her Salary Deferral election automatically increase each Plan Year. Such increase shall be in whole percentages in
increments of one percent (1%) (up to the Plan limit of fifty percent (50%)) and shall be effective as soon as practicable on or after the first business day of the month specified by the Participant (“Annual Increase Date”).
Notwithstanding the foregoing, in the event a Participant’s Salary Deferral election in effect on the Annual Increase Date is zero percent (0%), no increase shall be made for such year. A Participant may opt out of the Plan recordkeeper’s
automatic increase service at any time by such written, telephonic or electronic means as the Plan Administrator shall prescribe. 

(h) The Plan Administrator may reduce or discontinue, as necessary, future Salary Deferrals to some or all of the Participants
who are Highly Compensated Employees for the Plan Year in order to maintain the qualified status of the Plan or to avoid subjecting the Highly Compensated Employees to Federal income tax with respect to such Salary Deferrals. The amount by which a
Participant’s Salary Deferrals are reduced or discontinued shall be paid to such Participant in cash. 
 15. The heading of Section 3.03 shall be
amended to read as follows: “Time of Salary Deferrals.” 
 16. Effective January 1, 2020, in the last line of the third paragraph of
Section 3.05, “Section 4.03” is replaced with “Section 3.04.” 
 17. Effective January 1, 2020, Section 3.06 is
amended by replacing all references to “Section 2.01(a)” with “Section 2.01(b)(i).” 
 18. Effective January 1, 2020,
Section 3.08 is amended in its entirety to read as follows; provided the Plan shall not accept Designated Roth Direct Rollovers until October 1, 2020: 

3.08 Rollover Contributions. An Eligible Employee who has received an Eligible Rollover Distribution from an eligible
retirement plan described in Code Section 402(c)(8)(B)(iii), (iv), (v) or (vi) may contribute all or any portion of such distribution (other than the portion of such distribution, if any, consisting of
after-tax employee contributions) to the Trust, provided the contribution is made to the Trust not later than the sixtieth (60th) day following the day on which he or she received such distribution. In
addition, an Eligible Employee who receives a distribution made after December 31, 2011, from an individual retirement account (within the meaning of Section 408(a) of the Code) or individual retirement annuity (within the meaning of
Section 408(b) of the Code) may contribute all or a portion of the amount distributed that is eligible to be rolled over and would otherwise be includable in gross income to the Trust, provided the contribution is made to the Trust not later
than the sixtieth (60th) day following the day on which he or she received such distribution. 

  
 6 

 The Plan shall accept on behalf of an Eligible Employee a direct rollover
(within the meaning of Q&A-3 of Treasury Regulation §401(a)(31)-1) of an Eligible Rollover Distribution from an eligible retirement plan described in Code
Section 402(c)(8)(B)(iii), (iv), (v) or (vi), excluding any after-tax employee contributions (other than designated Roth contributions). 

A rollover contribution shall be credited to a Rollover Contributions Account on behalf of the contributing Eligible Employee,
and such Employee shall have a fully vested and nonforfeitable interest in his or her Rollover Contributions Account. 
 A
Designated Roth Direct Rollover shall be subject to the requirements of Code Section 402(c) and shall be separately accounted for (including separate accounting for the portion of the Designated Roth Direct Rollover that is includible in gross
income and the portion that is not includible in gross income, if applicable) and credited to the Eligible Employee’s Designated Roth Direct Rollover Account. If the Plan accepts a Designated Roth Direct Rollover, the Plan Administrator shall
be entitled to rely on a statement from the distributing plan’s administrator identifying (i) the Eligible Employee’s basis in the amount rolled over, and (ii) the date on which the Eligible Employee’s 5-taxable-year period of participation began under the distributing plan. If the 5-taxable-year period of participation under the distributing plan would end before the
Eligible Employee’s 5- taxable-year period of participation under the Plan, the 5-taxable-year period of participation applicable under the distributing plan shall
continue to apply to the Designated Roth Direct Rollover. An Eligible Employee shall at all times have a fully vested and nonforfeitable interest in his or her Designated Roth Direct Rollover Account. 

An Eligible Employee who has made a rollover contribution or a Designated Roth Direct Rollover in accordance with this Section
who has not otherwise become a Participant shall become a Participant coincident with such rollover contribution or Designated Roth Direct Rollover, provided that such Participant shall not have a right to defer Earnings or to share in any Company
Contributions until he or she has otherwise satisfied the eligibility requirements imposed by Article II. 
 In the case of
an Eligible Employee who was employed on October 31, 2001, by MetroWest Bank or Andover Savings Bank, or, effective August 1, 2002, an Eligible Employee who was a participant in the SBERA 401(k) Plan as Adopted by IpswichBank
(“IpswichBank Plan”), if the Employee elects a direct rollover to this Plan of his or her vested interest in the SBERA 401(k) Plan as Adopted by MetroWest Bank or the SBERA 401(k) Plan as Adopted by Andover Savings Bank, and his or her
vested interest in the applicable plan includes any outstanding loans that are not in default, then he or she may transfer such unpaid loans to this Plan. The promissory note(s) evidencing such loan(s) shall be assigned to this Plan, and the
Participant’s obligation thereunder shall be as set forth in Section 8.03. 
 For purposes of this Section, the
term “rollover contribution” shall include direct rollovers (other than Designated Roth Direct Rollovers). 

  
 7 

 19. Paragraph (a) of Section 5.02 is amended in its entirety to read as follows: 

(a) Pre-Tax Salary Deferrals shall be allocated to each Participant’s Pre-Tax Salary Deferral Contribution Account in an amount equal to each such Participant’s designated percentage of deferred Earnings on a pre-tax basis effective no
later than the last day of the Calendar Quarter in which such contributions were paid to the Trustee. 
 20. Section 5.02 is amended by adding the
following new Paragraph (b) and new Paragraph (g), and existing Paragraphs (b) through (e) are accordingly redesignated as Paragraphs (c) through (f), and existing Paragraphs (f) through (g) are accordingly redesignated as
Paragraphs (h) through (i): 
 (b) Designated Roth Salary Deferrals shall be allocated to each Participant’s
Designated Roth Salary Deferral Contribution Account in an amount equal to each such Participant’s designated percentage of deferred Earnings on a Roth after-tax basis effective no later than the last day
of the Calendar Quarter in which such contributions were paid to the Trustee. 
 (g) Designated Roth Direct Rollovers made on
behalf of an Eligible Employee under Section 3.08 shall be allocated to his or her Designated Roth Direct Rollover Account as of the Valuation Date next following the receipt of such direct rollover by the Trustee. 

21. Paragraph (f) of Section 5.02 (as redesignated herein) is amended by replacing the reference to “Participant” with a reference to
“Eligible Employee.” 
 22. The second sentence of Section 8.01 is amended in its entirety to read as follows: 

Notwithstanding the preceding sentence, the Participant may withdraw all or any part of his or her Vested Interest attributable to rollover
contributions and Designated Roth Direct Rollovers at any time. 
 23. The first paragraph of Section 8.03 is amended in its entirety to read as
follows: 
 8.03 Loans. The Plan Administrator may, upon the request of a Participant or Beneficiary who is a
“party in interest” as defined in Section 3(14) of ERISA, direct the Trustee to make a loan to such Participant or Beneficiary from the Participant’s Pre-Tax Salary Deferral Contribution
Account, Matching Contribution Account (excluding amounts attributable to Financed Shares under any currently outstanding Acquisition Loan), and Rollover Contribution Account, if any, subject to the following: 

24. Subparagraph (iii) of Paragraph (b) of Section 8.03 is amended in its entirety to read as follows: 

(iii) The sum of the Participant’s Pre-Tax Salary Deferral Contribution Account,
the nonforfeitable portion of his or her Matching Contribution Account, and his or her Rollover Contribution Account. 

  
 8 

 25. The first sentence of Section 9.02 is amended in its entirety to read as follows: 

Each Participant who terminated employment with the Company and all Affiliates before January 1, 2001 and is not an Employee at any time after
December 31, 2000, shall have a fully vested and nonforfeitable interest in all amounts credited to his or her Pre-Tax Salary Deferral Contribution Account and Rollover Contribution Account. 

26. Effective January 1, 2020, the first three sentences of Paragraph (a) of Section 10.05 are amended in their entirety to read as follows:

 A Participant shall have the right to receive all or a portion of his or her Vested Interest as a Normal Retirement Benefit, Disability
Benefit or Benefit on Termination of Employment, as the case may be, as a single lump sum payment in cash. Notwithstanding the preceding sentence a Participant may elect to receive distribution in Stock of all or a portion of the Vested Interest in
his or her Aggregate Account to the extent such Account is invested in Stock on the Annuity Starting Date. If a Participant elects to receive a distribution in Stock, cash must be distributed in lieu of any fractional shares of Stock allocated to
the Participant’s Aggregate Account that are to be distributed in Stock. 
 27. Effective January 1, 2020, the second and third sentences of Paragraph
(a) of Section 10.06 are amended in their entirety to read as follows: 
 Notwithstanding the preceding sentence, Beneficiary may
elect to receive distribution in Stock of all or a portion of the Vested Interest in the Participant’s Aggregate Account to the extent such Account is invested in Stock on the Annuity Starting Date. If the Beneficiary elects to receive a
distribution in Stock, cash must be distributed in lieu of any fractional shares of Stock allocated to the Aggregate Account that are to be distributed in Stock. 

28. The following Paragraph (h) is added to the end of Section 10.11: 

(h) Notwithstanding the foregoing provisions of this Section 10.11 to the contrary: 

(i) In accordance with Treasury Regulation §1.401(k)-1(f)(4)(ii), a
Participant’s designated Roth accounts and his or her non-designated Roth accounts under the Plan shall be treated as accounts held under two separate plans for purposes of applying the special rules in A-9 through A-11 of Treasury Regulation §1.401(a)(31)-1; and 

(ii) If any portion of an Eligible Rollover Distribution is attributable to distributions from a Participant’s designated
Roth accounts, an “eligible retirement plan” with respect to such portion shall include only another designated Roth account under an applicable retirement plan described in Code Section 402A(e)(1) and a Roth IRA described in Code
Section 408A(b). 

  
 9 

 For purposes of this Paragraph (h), the “Participant’s designated Roth
accounts” means his or her Designated Roth Salary Deferral Contribution Account, his or her Designated Roth Direct Rollover Account, and any designated Roth sub-account under his or her Elective Transfer
Account, Nonelective Transfer Account and Predecessor Plan Account(s). 
 29. Effective January 1, 2020, Paragraph (e) of Section 11.04 is
deleted. 
 30. The second sentence of Section 12.05 is amended in its entirety to read as follows: 

The Plan Administrator shall maintain as applicable a Pre-Tax Salary Deferral Contribution Account,
Designated Roth Salary Deferral Account, Matching Contribution Account, Core Contribution Account, Transition Contribution Account, Discretionary Contribution Account, Rollover Contribution Account, Designated Roth Rollover Account, Elective
Transfer Account, Nonelective Transfer Account, Predecessor Plan Account, and Aggregate Account in the name of each Participant, but the maintenance of such accounts shall not mean that such Participant shall have a greater or lesser interest than
that due him or her by operation of the Plan and shall not be considered as segregating any funds or property from any other funds or property contained in the commingled fund. 

31. The first sentence of Paragraph (b) of Section 16.03 is amended in its entirety to read as follows: 

If the Plan is determined to be top-heavy for a Plan Year, the Company shall contribute to the Plan for
such Plan Year on behalf of each Participant who is not a Key Employee and who has not terminated his or her employment as of the last day of such Plan Year an amount equal to the lesser of (1) three percent (3%) of such Participant’s
Section 415 Compensation for such Plan Year or (2) a percent of such Participant’s Section 415 Compensation for such Plan Year equal to the greatest percent determined by dividing for each Key Employee the amounts allocated to
such Key Employee’s Pre-Tax Salary Deferral Contribution Account, Designated Roth Salary Deferral Contribution Account, and Company Contribution accounts for such Plan Year by such Key Employee’s
Section 415 Compensation. 

  
 10 

 Being a duly authorized officer in accordance with the retirement governance rules and procedures adopted
by TD Bank Group, I hereby approve this amendment to the TD Bank 401(k) Retirement Plan. 
  

	
	DATED this 16 day of December, 2020

  

	
	 /s/ Eric Paris

	Eric Paris
	SVP, Head of Total Rewards
	TD Bank U.S. Holding Company

  

	
	DATED this 16 day of December, 2020

  

	
	 /s/ Susy Michor

	Susy Michor
	VP, Global Head of Retirement and Benefit Plans TD Bank Group

  
 11EX-4.4

 Exhibit 4.4 

AMENDMENT NO. 2 TO THE 

TD 401(K) RETIREMENT PLAN 

2020 Amendment and Restatement 

WHEREAS TD Bank US Holding Company (the “Company”) maintains the TD 401(k) Retirement Plan (the “Plan”), which was
last amended and restated generally effective January 1, 2020, and thereafter amended on one occasion; and 
 WHEREAS by
Section 13.01, the Bank (as defined in the Plan) from time to time may amend the Plan; and 
 WHEREAS the right to make
amendments or modifications to the Plan that are not material has been delegated to certain senior officers of TD Bank Group pursuant to the retirement governance rules and procedures applicable to the Plan; and 

WHEREAS this amendment is considered to be non-material under said retirement governance rules
and procedures. 
 NOW, THEREFORE, BE IT RESOLVED THAT: 

1. The terms used in this Amendment shall have the meanings set forth in the Plan unless the context indicates otherwise. 

2. Effective January 1, 2021, the last paragraph of Paragraph (b) of Section 1.71 (as redesignated by Amendment No. 1) is
amended in its entirety to read as follows: 
 All Years of Service with the Company and any Affiliate shall be recognized for vesting
purposes under the Plan; provided if a Participant has five or more consecutive one-year Breaks in Service, (I) his or her Years of Vesting Service credited after such break shall not be taken into
account for purposes of determining the nonforfeitable percentage of his or her Aggregate Account attributable to Company Contributions that accrued before such break, (II) his or her Years of Vesting Service credited before such break shall
not be included in the computation of his or her years of age plus vesting service for purposes of receiving allocations of Core Contributions, and (III) his or her Years of Vesting Service credited before such break shall not be taken into
account for purposes of determining the nonforfeitable percentage of his or her Aggregate Account attributable to Company Contributions that accrue after such break if he or she was not credited with three or more Years of Vesting Service prior to
such break. 
 3. Effective July 1, 2021, Section 1.71 (as redesignated by Amendment No. 1) is amended by redesignating
Paragraph (g) as Paragraph (h) and adding a new subsection (g) to read as follows: 
 (g) With respect to an individual
who was an employee of Headlands Tech Organization, LLC immediately prior to the acquisition of Headlands Tech Global Markets, LLC by the Company, and who became an Eligible Employee on July 1, 2021 as a result of the acquisition, his or her
service with Headlands Tech Organization, LLC and any member of a 

 
controlled group of corporations (as defined in Section 414(b) of the Code), a group of trades or businesses (whether or not incorporated) which are under common control (as defined in
Section 414(c) of the Code), or an affiliated service group (as defined in Section 414(m) of the Code) that included Headlands Tech Organization, LLC immediately prior to the acquisition, shall be credited for the following purposes under
the Plan: participation, vesting (including for purposes of calculating allocations of Core Contributions), and entitlement to an allocation of Core Contributions for the Plan Year ending December 31, 2021; provided no Year of Service shall be
counted more than once under this Section. 
 4. Effective January 1, 2021, Paragraph (e) of Section 8.03 is amended in its
entirety to read as follows: 
 (e) Each loan shall be made for such term and, subject to the foregoing, upon such terms and conditions as
the Plan Administrator shall determine; provided that substantially level amortization, with payments not less frequently than quarterly, shall be required over the term of any loan (except with respect to any period, not to exceed one year, that
the Participant is on a leave of absence as provided in the written administrative procedures established pursuant to Paragraph (j) of this Section); and further provided that the term shall not exceed five (5) years unless the loan is
used to acquire a principal residence for the Participant, in which case the term shall not exceed fifteen (15) years. 
 5. Effective
January 1, 2021, Paragraph (b) of Section 10.05 is amended in its entirety to read as follows: 
 (b) Notwithstanding
Paragraph (a) to the contrary, if a Participant’s Vested Interest does not exceed one thousand dollars ($1,000) as of any administrative processing date following the date he or she is no longer employed by any Participating Employer or
Affiliate, his or her Vested Interest shall be distributed in a single lump sum as soon as administratively feasible thereafter; provided the Participant’s Vested Interest does not exceed one thousand dollars ($1,000) as of the date
distribution is to be made. If the value of the Participant’s vested interest in his or her Company Contribution accounts upon terminating employment is zero dollars ($0), such Participant shall be deemed to have received an immediate
distribution of such interest. For purposes of this paragraph (b), “administrative processing date” means the quarterly (or other) Valuation Date established by the Trustee. 

6. Effective for distributions required to be made after December 31, 2019, Paragraphs (d) and (e) of Section 10.05 are amended
in their entirety to read as follows: 
 (d) Notwithstanding any other provision of the Plan to the contrary, distribution of a
Participant’s Vested Interest shall be made or commence not later than his or her required beginning date. If distribution of a Participant’s Vested Interest is not made in the form of a single lump sum on or before his or her required
beginning date, the Participant’s Vested Interest shall be distributed, commencing not later than his or her required beginning date, in accordance with the regulations under Section 401(a)(9), over the Participant’s life or over the
lives of the Participant and his or her Beneficiary (or over a period not extending beyond the life expectancy of the Participant or the life expectancy of the Participant and his or her Beneficiary). For purposes of this Paragraph, “required
beginning date” means: 

  
 2 

 (i) For a Participant who attains age seventy and one half (701⁄2) before January 1, 1999, April 1 of the calendar year following the calendar year in which the Participant attains age seventy and one half (701⁄2). 
 (ii) For a Participant who attains
age seventy and one half (701⁄2) after December 31, 1998 and before January 1, 2020, April 1 of the calendar year following the later of
(A) the calendar year in which the Participant attains age seventy and one half (701⁄2), or (B) the calendar year in which the Participant retires;
provided clause (B) shall not apply in the case of a Participant who is a five percent (5%) owner (within the meaning of Section 416(i) of the Code) with respect to the Plan Year ending in the calendar year in which the Participant attains
age seventy and one half (701⁄2). 

(iii) For a Participant who attains age seventy and one half (701⁄2) after December 31, 2019, April 1 of the calendar year following the later of (A) the calendar year in which the Participant attains age seventy-two
(72), or (B) the calendar year in which the Participant retires; provided clause (B) shall not apply in the case of a Participant who is a five percent (5%) owner (within the meaning of Section 416(i) of the Code) with respect to the
Plan Year ending in the calendar year in which the Participant attains age seventy-two (72). 
 (e)
Notwithstanding any other provision of the Plan to the contrary, distributions shall be made in accordance with the regulations under Section 401(a)(9) of the Code. 

7. Effective January 1, 2021, the first two sentences of Paragraph (a) of Section 10.06 are amended in their entirety to read
as follows: 
 Subject to Paragraphs (b) and (c) below, the death benefits payable under Section 10.04 shall be paid to the Participant’s
Beneficiary within a reasonable time after the Participant’s death as a single lump sum payment in cash. Notwithstanding the preceding sentence, a Beneficiary may elect to receive distribution in Stock of all or a portion of the Vested Interest
in the Participant’s Aggregate Account, to the extent such Account is invested in Stock on the Annuity Starting Date. 
 8. Effective
January 1, 2021, Paragraph (b) of Section 10.06 is deleted in its entirety, Paragraph (c) of Section 10.06 is redesignated accordingly as Paragraph (b), and a new Paragraph (c) is added to the end of Section 10.06
to read as follows: 
 (c) Notwithstanding the foregoing provisions of this Section to the contrary, if a Participant’s Vested Interest
does not exceed one thousand dollars ($1,000) as of any administrative processing date following the Participant’s date of death, his or her Vested Interest shall be distributed to the Beneficiary in a single lump sum as soon as
administratively feasible thereafter; provided the Participant’s Vested Interest does not exceed one thousand dollars ($1,000) as of the date distribution is to be made. For purposes of this Paragraph (c), “administrative processing
date” means the quarterly (or other) Valuation Date established by the Trustee. 

  
 3 

 9. Effective for distributions with respect to Participants who die after December 31,
2019, Paragraph (b) through clause (ii), as redesignated herein, of Section 10.06 is amended in its entirety to read as follows: 

(b) Notwithstanding the foregoing provisions of this Section to the contrary, distributions upon the death of a Participant shall be made in
accordance with the following requirements and shall otherwise comply with Section 401(a)(9) and the regulations thereunder, which are hereby incorporated by reference into this Plan: 

(i) If the Participant dies after distribution of his or her Vested Interest has begun in accordance with Sections 10.05(d) and
(e) and the Participant dies before his or her entire interest has been distributed to him or her, the remaining portion of such interest shall be distributed at least as rapidly as under the method of distribution being used under
Section 10.05(d) as of his or her date of death, except as otherwise provided in Section 10.7(d)(i). 
 (ii)
Subject to clause (iii) below, if a Participant dies before distribution of his or her Vested Interest has begun, then the death benefits payable hereunder shall be distributed to such Participant’s Beneficiary by the end of the calendar
year in which the fifth (5th) anniversary of the Participant’s date of death occurs. 

10. Effective for distributions required to be made after December 31, 2019, clause (iii) of Paragraph (b), as redesignated herein,
of Section 10.06 is amended in its entirety to read as follows: 
 (iii) If a Participant dies before distribution of
his or her Vested Interest has begun and the Participant’s spouse (determined as of the Participant’s date of death) is the Beneficiary, then the death benefits payable hereunder shall be distributed to the Participant’s surviving
spouse over a period not extending beyond the life expectancy of the spouse and distribution must commence on or before the later of the end of the calendar year immediately following the calendar year in which the Participant died or the end of the
calendar year in which the Participant would have attained age 72 (age 701⁄2 with respect to a Participant who attained age seventy and one half (701⁄2) before January 1, 2020). If the surviving spouse dies before distribution to such spouse has begun, then the five-year distribution requirement of clause
(ii) shall apply as if the spouse was the Participant. 
 11. Effective for distributions required to be made after December 31,
2019, with respect to Participants who attain age 701⁄2 after such date, clause (ii)(A) of Paragraph (b) of Section 10.07 is amended by replacing
“age 701⁄2” with “age 72.” 
 12.
Effective for distributions with respect to Participants who die after December 31, 2019, clause (ii)(B) of Paragraph (b) of Section 10.07 is amended in its entirety to read as follows: 

(B) If the Participant’s surviving spouse is not the Participant’s sole designated beneficiary, then with respect to
any non-spouse designated beneficiary, distribution will be made by December 31 of the calendar year containing the fifth (5th) anniversary of the
Participant’s death, and distributions to the spousal designated beneficiary will begin by the date determined in clause (ii)(A) of this Paragraph (b). 

  
 4 

 13. Effective for distribution calendar years beginning on or after January 1, 2022,
clause (i)(A) of Paragraph (c) of Section 10.07 is amended by replacing “section 1.401(a)(9)-9 of the Treasury regulations” with “section
1.401(a)(9)-9(c) of the Treasury regulations.” 
 14. Effective for distribution calendar years
beginning on or after January 1, 2022, clause (i)(B) of Paragraph (c) of Section 10.07 is amended by replacing “section 1.401(a)(9)-9 of the Treasury regulations” with “section 1.401(a)(9)-9(d) of the Treasury regulations.” 
 15. Effective for distributions with respect to
Participants who die after December 31, 2019, Paragraph (d) of Section 10.07 is amended in its entirety to read as follows: 

(d) Required Minimum Distributions After Participant’s Death. 

(i) Death On or After Date Distributions Begin. 

(A) Participant Survived by Spousal Designated Beneficiary. If the Participant dies on or after the date distributions
begin and there is a spousal designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death to the surviving spouse is the quotient obtained by dividing the
Participant’s account balance by the longer of the remaining life expectancy of the Participant or the remaining life expectancy of the Participant’s spousal designated beneficiary, determined as follows: 

(1) The Participant’s remaining life expectancy is calculated using the age of the Participant in the year of death,
reduced by one for each subsequent year. 
 (2) If the Participant’s surviving spouse is the Participant’s sole
designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in
that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the
calendar year of the spouse’s death, reduced by one for each subsequent calendar year. 
 (3) If the Participant’s
surviving spouse is not the Participant’s sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated using the surviving spouse’s age in the year following the year of the Participant’s death,
reduced by one for each subsequent year. 

  
 5 

 (B) Participant Survived by
Non-Spouse Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a non-spouse designated beneficiary, distribution to
such non-spouse designated beneficiary will be made by December 31 of the calendar year containing the fifth (5th) anniversary of the
Participant’s death. 
 (C) No Designated Beneficiary. If the Participant dies on or after the date distributions
begin and there is no designated beneficiary as of September 30 of the year after the year of the Participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s
death is the quotient obtained by dividing the Participant’s account balance by the Participant’s remaining life expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

(ii) Death Before Date Distributions Begin. 

(A) Participant Survived by Spousal Designated Beneficiary. If the Participant dies before the date distributions begin
and the Participant’s surviving spouse is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the Participant’s death to the surviving spouse is the quotient obtained
by dividing the Participant’s account balance by the remaining life expectancy of the Participant’s surviving spouse, determined as provided in Paragraph (d)(i). 

(B) Participant Survived by Non-Spouse Designated Beneficiary. If a Participant
dies before the date distributions begin and there is a non-spouse designated beneficiary, distribution to the non-spouse designated beneficiary will be made by
December 31 of the calendar year containing the fifth (5th) anniversary of the Participant’s date of death. 

(C) No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no designated
beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of
the Participant’s death. 
 (D) Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to
Begin. If the Participant dies before the date distributions begin, the Participant’s surviving spouse is the Participant’s sole designated beneficiary, and the surviving spouse dies before distributions are required to begin to the
surviving spouse under clause (b)(ii)(A), this Paragraph (d)(ii) will apply as if the surviving spouse were the Participant. 

  
 6 

 16. Effective for distribution calendar years beginning on or after January 1, 2022,
Paragraph (d) of Section 10.07 is amended by adding the following clause (iii) to the end thereof: 
 (iii)
Transition Rule if Participant Dies before January 1, 2022. If a Participant dies before January 1, 2022, with respect to a life expectancy described in
§1.401(a)(9)-9(f)(2)(i) of the Treasury regulations, such life expectancy shall be reset as provided in §1.401(a)(9)-9(f)(2)(ii) of the Treasury regulations,
except as provided under Code Section 401(a)(9)(H). 
 17. Effective for distribution calendar years beginning on or after
January 1, 2022, clause (iii) of Paragraph (e) of Section 10.07 is amended by replacing “section 1.401(a)(9)-9 of the Treasury regulations” with “section 1.401(a)(9)-9(b) of the Treasury regulations.” 
 18. Effective for Qualified Domestic Relations
Orders submitted to the Plan on or after January 1, 2022, Section 10.10 is amended in its entirety to read as follows: 
 10.10
Payment Under Qualified Domestic Relations Order. All rights and benefits provided to a Participant under this Plan shall be subject to the rights of any alternate payee under a Qualified Domestic Relations Order. If authorized by a Qualified
Domestic Relations Order, an alternate payee may elect to receive an immediate distribution of all or a portion of the Participant’s Vested Interest even if the affected Participant has not reached his or her earliest retirement age. For
purposes of this Section, “alternate payee” and “earliest retirement age” shall have the meaning set forth in Section 414(p) of the Code. 

If all or a portion of a Participant’s Vested Interest is immediately distributable to an alternate payee pursuant to a Qualified
Domestic Relations Order, the Plan Administrator or its designated representative shall distribute the amount payable to such alternate payee in a lump sum as soon as practicable after determining that such order is a Qualified Domestic Relations
Order. If the amount to be distributed under this Section exceeds One Thousand Dollars ($1,000.00), no distribution shall be made without the consent of the alternate payee. Such consent shall be made by such written, telephonic, or electronic means
as may be prescribed by the Plan Administrator or its designated representative. 
 If all or a portion of a Participant’s Vested
Interest is payable to an alternate payee pursuant to a Qualified Domestic Relations Order, but is not immediately distributable under such order, the Plan Administrator or its designated representative shall direct the Trustee to establish a
separate account in the Plan on behalf of the alternate payee as soon as practicable after determining that such order is a Qualified Domestic Relations Order. Notwithstanding any other provision of this Plan, the Plan Administrator or its
designated representative shall direct the Trustee to distribute the amount payable from such account to such alternate payee in a single lump sum at such time as is provided by the terms of such order. Distribution of a separate account pursuant to
this Section may be made prior to Participant’s “earliest retirement age” as defined in Section 414(p) of the Code. 

19. In accordance with action duly taken by the Bank in 2015 to merge the TD Securities USA 401(k) Plan with and into the Plan effective
December 31, 2015, whereby participating employers in the TD Securities USA 401(k) Plan, including Epoch Partners, Inc., became Participating Employers in the Plan effective January 1, 2016, the last sentence of Section 14.01 is
deleted, effective January 1, 2016. 

  
 7 

 Being a duly authorized officer in accordance with the retirement governance rules and procedures adopted
by TD Bank Group, I hereby approve this amendment to the TD Bank 401(k) Retirement Plan. 
  

							
	 /s/ Eric Paris
	 		 		 	DATED this 15th day of December, 2021
	Eric Paris	 		 	    	 	
	SVP, Head of Total Rewards	 		 		 	
	TD Bank U.S. Holding Company	 		 		 	
				
	 /s/ Susy Michor
	 		 		 	DATED this 15th day of December, 2021
	 Susy Michor
	 		 	     
	 	
	 VP, Global Head of Retirement and Benefit Plans
	 		 		 	
	 TD Bank Group
	 		 		 	

  
 8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00341-of-00352.parquet"}]]