Document:

Exhibit 4.1.8

 

EXHIBIT 4.1.8

EIGHTH AMENDMENT TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     This Eighth Amendment is made as of this 29th day of December, 2005, by Countywide Financial
Corporation (the “Company”), a corporation duly organized and existing under the laws of the State
of Delaware.

WITNESSETH:

     WHEREAS, the Company maintains the Countrywide Financial Corporation 401(k) Savings and
Investment Plan (the “Plan”), as most recently amended and restated by indenture effective as of
January 1, 1997.

     WHEREAS, the Company wishes to amend the Plan primarily to add enhancements to Participating
Employer contributions to mitigate the consequences of freezing participation in the Countrywide
Financial Corporation Defined Benefit Pension Plan effective as of the close of business on
December 31, 2005.

     NOW, THEREFORE, on behalf of the Company, the Board of Directors of the Company does hereby
amend the Plan, pursuant to Section 15.01 thereof, effective as of the close of business on
December 31, 2005, as follows:

	 	1.	 	By deleting Section 1.01 in its entirety and by substituting therefor the following:

“1.01 ‘Account’ means the entire interest of a Participant in the Trust Fund and shall
refer, as the context indicates, to any or all of the following subaccounts:

	 	(a)	 	‘Employer Contribution Account’ means that portion of a Participant’s Account
attributable to the Employer Matching Contributions, Employer Discretionary
Contributions and/or Employer Limited Profit Sharing Contributions made on the eligible
Participant’s behalf by a Participating Employer, if any, as adjusted for withdrawals
and distributions and the earnings, losses and expenses attributable thereto.
	 
	 	(b)	 	‘ESOP Account’ means that portion of a Participant’s Account attributable to
the transfer of the Participant’s account under the Countrywide Credit Industries, Inc.
Profit Sharing Stock Ownership Plan, if any, as adjusted for withdrawals and
distributions and the earnings, losses and expenses attributable thereto.
	 
	 	(c)	 	‘Rollover Contribution Account’ means that portion of a Participant’s Account
attributable to a Participant’s Rollover Contributions, if any, as adjusted for
withdrawals and distributions and the earnings, losses and expenses attributable
thereto.

 

 

	 	(d)	 	‘Salary Deferral Contribution Account’ means that portion of a Participant’s
Account attributable to the Salary Deferral Contributions made on a Participant’s
behalf by a Participating Employer, if any, as adjusted for withdrawals and
distributions and the earnings, losses and expenses attributable thereto.
	 
	 	(e)	 	‘QNEC Account’ means that portion of a Participant’s Account attributable to
QNECs, if any, as adjusted for withdrawals and distributions and the earnings, losses
and expenses attributable thereto.

In addition, the Plan Administrator shall allocate the interest of a Participant in any
funds transferred to the Plan in a trust-to-trust transfer (other than Rollover
Contributions) or pursuant to the merger of another tax-qualified retirement plan with the
Plan among the above accounts as the Administrator determines best reflects the interest of
the Participant.”

	 	2.	 	By deleting Section 1.13 in its entirety and by substituting therefor the following:

“1.13 ‘Compensation’ means for any Plan Year a Participant’s wages as defined in Section
3401(a) of the Code (for purposes of federal income tax withholding) determined without
regard to any rules that limit remuneration included in wages based on the nature or
location of the employment or the services performed, subject to the following limitations
and exclusions:

	 	(a)	 	including employer contributions made pursuant to a compensation reduction
agreement which are not includible in the gross income of a Participant under Sections
125, 402(e)(3), 402(h), or 457 of the Code and for Plan Years beginning on or after
January 1, 2001, Section 132(f)(4) of the Code;
	 
	 	(b)	 	excluding any amounts paid as moving expenses, shift differential, call-in pay
and any other amounts paid on an irregular or discretionary basis as bonuses or special
awards;
	 
	 	(c)	 	excluding any wages paid by reason of services performed (i) prior to the
effective date of the Participant’s participation in the Plan and (ii) after the
Participant ceases to be an Eligible Employee; and
	 
	 	(d)	 	excluding amounts paid to or in respect of Employees who are on international
assignment for expenses related directly to such assignment such as allowances and
relocation expenses.

The annual compensation of each Participant taken into account in determining allocations
for any Plan Year beginning after December 31, 2005 shall not exceed $220,000, as adjusted
for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code. Annual
compensation means compensation during the Plan Year or such other consecutive 12-month
period over which compensation is otherwise determined under the Plan (the “determination
period”). The cost-of-living adjustment in effect for a calendar year applies to annual
compensation for the determination period that begins with or within such calendar year.

2

 

Notwithstanding the foregoing, if, for any Plan Year, the average percentage of
Compensation inclusive of shift differential, call-in pay and any other amounts paid on an
irregular or discretionary basis as bonuses or special awards included under the foregoing
definition of Compensation for Highly Compensated Employees exceeds by more than a de
minimis amount the average percentage of Compensation inclusive of shift differential,
call-in pay and any other amounts paid on an irregular or discretionary basis as bonuses or
special awards included under the foregoing definition of Compensation for Employees who are
Non-highly Compensated Employees (as determined in accordance with Treasury Regulations
Section 1.414(s)-1(d)(3)), then amounts attributable to shift differential, call-in pay and
any other amounts paid on an irregular or discretionary basis as bonuses or special awards
shall be included in Compensation for the Plan Year for purposes of determining the
allocation of contributions made pursuant to Sections 5.02, 5.02A and 6.06(c).”

3. By substituting the phrase “Salary Deferral Contributions, Employer Matching
Contributions, Employer Discretionary Contributions, Employer Limited Profit Sharing
Contributions, QNECs and Rollover Contributions” for the phrase “Salary Deferral
Contributions, Employer Matching Contributions, Employer Discretionary Contributions, QNECs
and Rollover Contributions” where the latter phrase appears in Section 1.15(e).

4. By adding new Section 1.17A, as follows:

“1.17A ‘Employer Limited Profit Sharing Contributions’ means the contributions made by a
Participating Employer on behalf of Participants as described in Section 5.02A.”

5. By deleting Section 3.01(b) and by substituting therefor the following:

“(b) Subject to the additional requirements of Article 5, the following provisions apply for
purposes of determining a Participant’s eligibility to receive allocations of Employer
Matching Contributions, Employer Discretionary Contributions and/or Employer Limited Profit
Sharing Contributions:

(i) An otherwise eligible Participant shall become eligible to receive allocations
of Employer Matching Contributions, Employer Discretionary Contributions and/or
Employer Limited Profit Sharing Contributions upon the Entry Date coincident with or
next following the date he or she meets the following requirements:

(A) Attainment of age 21; and

(B) Completion of the Employer Contribution Eligibility Period,

if he or she is then a Participant.

(ii) If an individual is not a Participant on the date he or she would otherwise
become eligible to receive allocations of Employer Matching Contributions,

3

 

Employer Discretionary Contributions and/or Employer Limited Profit Sharing
Contributions pursuant to Section 3.01(b)(i), such individual shall become so
eligible as of the Entry Date coincident with or immediately following the date
thereafter on which he or she becomes a Participant.

(iii) A Participant eligible to receive allocations with respect to Employer
Matching Contributions, Employer Discretionary Contributions and/or Employer Limited
Profit Sharing Contributions who ceases to be an Eligible Employee by separation
from service or otherwise, and who later becomes an Eligible Employee, shall become
eligible to receive such allocations as of the Entry Date coincident with or
immediately following the date thereafter on which he or she first again completes
an Hour of Service.”

6. By deleting Section 3.03 and by substituting therefor the following:

“3.03 Cessation of Eligibility to Participate.

If a Participant transfers employment to a non-Participating Employer, terminates employment
or ceases to be an Eligible Employee, his or her participation in the Plan with respect to
Salary Deferral Contributions, Employer Matching Contributions, Employer Discretionary
Contributions, Employer Limited Profit Sharing Contributions, and Rollover Contributions
will cease as of the date he or she ceases to be an Eligible Employee. After such date, he
or she shall continue to be a Participant only with respect to the allocation of earnings,
losses and expenses made in accordance with Article 7 until the Balance credited to his or
her Account is distributed.”

7. By deleting Section 5.02(b) and by substituting therefor the following:

	 	“(b)	 	 The amount of the Employer Discretionary Contribution to be allocated to each
such Participant’s Account for a Plan Year shall be determined by either of the
following methods, as selected by the Company in its sole discretion: (i) a uniform
dollar amount for each Participant; or (ii) the ratio that such Participant’s
Compensation for the Plan Year (or for the portion of the Plan Year during which he or
she was actually a Participant under Section 3.01(b), if applicable) bears to the
Compensation for all such eligible Participants for the Plan Year.”

8. By adding new Section 5.02A, as follows:

“5.02A Employer Limited Profit Sharing Contributions.

	 	(a)	 	For each Plan Year commencing on and after January 1, 2006, the Company, in its
sole discretion, shall determine the amount, if any, of Employer Limited Profit Sharing
Contributions to be made on behalf of Otherwise Eligible Participants who are Employees
of each Participating Employer.
	 
	 	(b)	 	The amount of the Employer Limited Profit Sharing Contributions to be allocated
to each Otherwise Eligible Participant’s Account for a Plan Year in the proportion that
each such Otherwise Eligible Participant’s Compensation for the Plan Year

4

 

	 	 	 	(or for the portion of the Plan Year during which he or she was actually a
Participant under Section 3.01(b), if applicable) bears to the Compensation for all
such Otherwise Eligible Participants for the Plan Year.
	 
	 	(c)	 	For purposes of this Section 5.02A, for any Plan Year, an Otherwise Eligible
Participant means a Participant who has satisfied the initial eligibility requirements
of Section 3.01(b) and who:

	 	(i)	 	falls into any one of the following categories for the Plan Year:

	 	(A)	 	was initially hired by the Company or an
Affiliated Company on or after January 1, 2006;
	 
	 	(B)	 	was initially hired by the Company or an
Affiliated Company prior to January 1, 2006 but, as of the last day of
the Plan Year, had never become a participant in the Countrywide
Financial Corporation Defined Benefit Pension Plan; or
	 
	 	(C)	 	ceased to be an active participant in the
Countrywide Financial Corporation Defined Benefit Pension Plan in a
prior Plan Year as a result of a severance from employment with the
Company and its Affiliated Companies and was rehired during the Plan
Year (or any prior Plan Year); and

	 	(ii)	 	is classified as an active employee by the Company or an
Affiliated Company on the last day of the Plan Year for which the contribution
applies.

	 	(d)	 	Employer Limited Profit Sharing Contributions made on behalf of eligible
Participants shall be subject to the limitations set forth in Article 6.”

9. By deleting Section 5.03 and by substituting therefor the following:

“5.03 Time of Payment of Contributions.

Employer Matching Contributions, Employer Discretionary Contributions, Employer Limited
Profit Sharing Contributions and/or QNECs shall be paid by a Participating Employer to the
Trust Fund at such time or times as may be determined by the Company or Participating
Employer, but in no event later than the due date (including extensions) prescribed by law
for filing the federal income tax return for the Participating Employer’s taxable year for
which such contributions are claimed as an income tax deduction.”

10. By deleting Section 5.04(a) and by substituting therefor the following:

	 	“(a)	 	 Employer Matching Contributions, Employer Discretionary Contributions, Employer
Limited Profit Sharing Contributions and/or QNECs to be allocated to Participants who
are Employees of a Participating Employer which is an Affiliated Company may be made,
at the discretion of the Company, in cash or in

5

 

	 	 	 	Company Stock issued by the Company or purchased on a national securities exchange.”
	 
	 	11.	 	By deleting from Section 6.04(b) the clause “, Employer Discretionary Contributions”.
	 
	 	12.	 	By deleting Section 6.09(a) and by substituting therefor the following:
	 
	 	“(a)	 	 First, the amount of the Participant’s Employer Limited Profit Sharing
Contribution, Employer Discretionary Contributions and QNECs, in that order, shall be
reduced to the extent that such reduction results in a reduction of the amount by which
a Participant’s Annual Addition exceeds such limitations.”
	 
	 	13	 	By deleting Section 6.09(f) and by substituting therefor the following:
	 
	 	“(f)	 	 Any reduction of Employer Limited Profit Sharing Contributions, Employer
Discretionary Contributions, Employer Matching Contributions and/or QNECs shall be held
unallocated in a suspense account and applied to reduce employer contributions in
succeeding Plan Years in accordance with Section 9.05.”
	 
	 	14.	 	By deleting Section 8.03(c) and by substituting therefor the following:
	 
	 	“(c)	 	 A Participant’s investment election shall remain in effect until the
Participant properly makes a change of election in accordance with the procedures
established by the Administrator. In the event that any Participant shall not have
directed the investment of all or a portion of the balance in his or her Account at any
time, the Participant shall be deemed to have directed that such balance be invested in
the Plan’s default Investment Fund, as designated by the Administrator from time to
time, and such assets shall remain in such Investment Fund until such time as the
Participant directs otherwise.”
	 
	 	15.	 	By deleting Section 9.05(a) and by substituting therefor the following:
	 
	 	“(a)	 	Forfeitures shall be used, at the discretion of the Administrator, to pay
administrative expenses of the Plan, to fund QNECs for the current or immediately
preceding Plan Year or to reduce the amount of Employer Matching Contributions,
Employer Discretionary Contributions and/or Employer Limited Profit Sharing
Contributions which are to be made by the Participating Employer for the current or
following Plan Year.”
	 
	 	16.	 	By deleting Section 13.03 and by substituting therefor the following:

“13.03 Severance From Employment.

Effective for distributions made on or after January 1, 2002, a Participant’s Account shall
become distributable in connection with a Participant’s severance from employment. However,
any such distribution shall be subject to the other provisions of the Plan regarding
distributions, other than provisions that require a separation from service before
such amounts may be distributed.”

6

 

     17. By deleting the portion of Appendix D titled “Special Rules in Connection with Joint
Ventures” and by substituting therefor the following:

“Special Rules in Connection with Joint Ventures

Notwithstanding any provisions of the Plan to the contrary, the following rules shall apply
in connection with a joint venture to which the Company or Affiliated Company is a party (a
‘Joint Venture’):

	 	1.	 	A Joint Venture is, as determined by the Administrator, in its sole discretion,
a joint venture, partnership, strategic alliance or other similar arrangement with a
third party.
	 
	 	2.	 	If a Member or Eligible Employee is employed by or transferred by an Employer
to a Joint Venture, the following rules apply:

	 	(a)	 	Such Participants who do not request a distribution at the time
of employment by or transfer to the Joint Venture and Eligible Employees who
are transferred to or employed by a Joint Venture shall be credited with Years
of Service and Hours of Service for purposes of determining eligibility to
participate under the Plan and vested status under the Plan for all continuous
service with the Joint Venture.
	 
	 	(b)	 	If such Participant or Eligible Employee returns to or is
rehired directly from the Joint Venture by a Participating Employer as an
Eligible Employee, with no intervening employment by an employer unrelated to
the Joint Venture, he or she will have immediate eligibility for Employer
Matching Contributions, Employer Discretionary Contributions, QNECs and
Employer limited Profit Sharing Contributions if his or her combined prior
service with a Participating Employer and service with a Joint Venture satisfy
the applicable eligibility requirements therefor.
	 
	 	(c)	 	If such Participant has an outstanding loan at the time of such
employment or transfer, he or she will not be able to repay the loan through
payroll deductions, but may continue repayment through other means, as
contemplated by the Plan.”

7

 

     Except as specifically amended hereby, the Plan shall remain in full force and effect as prior
to this Eighth Amendment.

     IN WITNESS WHEREOF, the Company has caused this Eighth Amendment to be executed as of the day
and year first above written

	 	 	 	 	 	 	 
	 	 	Countrywide Financial Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MARSHALL M. GATES
 

     Marshall M. Gates
	 	 
	 

	 	 	 	     Senior Managing Director and	 	 
	 

	 	 	 	     Chief Administrative Officer	 	 

	 	 	 	 	 
	Attest

	 	/s/ GERARD A. HEALY
 

  Gerard A. Healy
	 	 
	 

	 	  Senior Vice President/Asst. General Counsel	 	 

8Exhibit 4.1.9

 

EXHIBIT 4.1.9

NINTH AMENDMENT TO THE

COUNTRYWIDE FINANCIAL CORPORATION

401(k) SAVINGS AND INVESTMENT PLAN

     This Ninth Amendment is made effective as of the 1st day of January, 2006, by the Countywide
Financial Corporation Administrative Committee For Employee Benefit Plans.

WITNESSETH:

     WHEREAS, Countrywide Financial Corporation maintains the Countrywide Financial Corporation
401(k) Savings and Investment Plan (the “Plan”), as most recently amended and restated by indenture
effective as of January 1, 1997.

     WHEREAS, the Countrywide Financial Corporation Administrative Committee For Employee Benefit
Plans (“Committee”) wishes to amend the Plan primarily to change the method of crediting service
for vesting from actual counting of hours to elapsed time effective as of January 1, 2006.

     NOW, THEREFORE, the Committee does hereby amend the Plan, pursuant to Section 15.01 thereof,
effective as of January 1, 2006 as follows:

     1. By deleting Article 2 in its entirety and substituting therefor:

“ARTICLE 2

DEFINITIONS AND RULES FOR DETERMINING SERVICE

     2.01 “Approved Absence” means an Employee’s approved leave of absence from employment because of
illness, disability, pregnancy, educational pursuits, service as a juror, or temporary employment
with a government agency, or other leave of absence approved by the Participating Employer or
Affiliated Company. An Approved Absence also includes any leave of absence in accordance with the
requirements of the Family and Medical Leave Act of 1993. The Participating Employer or Affiliated
Company that employs the Employee shall determine the first and last days of any Approved Absence.

     2.02 “Break in Service”/“Period of Severance”

     (a) For Plan Years beginning prior to January 1, 2006, “Break in Service” means a Plan Year
during which an Employee fails to complete more than 501 Hours of Service with the Company or
Affiliated Company.

          (1) Solely for purposes of determining whether an Employee has a Break in Service, Hours of
Service shall be recognized during an Approved Absence or a
Maternity or Paternity Leave of Absence. During such absence, the Employee shall be credited
with the Hours of Service which would have been credited but for the absence,

1

 

or, if such hours
cannot be determined, with eight (8) hours per day. Credit shall be given only after the Employee
has furnished to the Administrator such timely information as the Administrator may reasonably
require to establish that the absence is for a reason described herein.

          (2) No more than 501 Hours of Service shall be credited by reason of any one pregnancy or
placement. Hours of Service credited shall be credited solely for purposes of determining whether
a Break in Service has occurred in a computation period. All Hours of Service credited shall be
credited only in the computation period in which the absence from work begins if any of such Hours
of Service are required in that computation period to avoid a Break in Service. If none of the
Hours of Service credited hereunder are required to avoid a Break in Service in the computation
period in which the absence begins, then the Hours of Service will be credited to the next
computation period.

     (b) For Plan Years beginning on January 1, 2006, the term “Period of Severance” shall be
substituted for “Break in Service.”

          (1) A “Period of Severance” means the period of time commencing on a Severance from Service
Date and ending on the date on which the Employee again performs an Hour of Service.

          (2) A “One-Year Period of Severance shall mean any 12-consecutive month period beginning on a
Severance from Service Date and ending on the first anniversary of such date, provided that the
Employee during such 12-consecutive month period fails to perform an Hour of Service.

     2.03 “Eligibility Computation Period” means the completion of an Employee’s first Hour of
Service for the Company or an Affiliated Company coinciding with or immediately following the
Employee’s Employment Commencement Date.

     2.04 “Employer Contribution Eligibility Computation Period” means (a) the 12-consecutive
calendar month period beginning with the calendar month in which an Employee’s Employment
Commencement Date occurs if the Employee has completed 1,000 or more Hours of Service during such
period, or (b) in the case of an Employee who fails to complete 1,000 or more Hours of Service
during his first Employer Contribution Eligibility Computation Period, any Plan Year commencing
after the Employee’s Employment Commencement Date during which the Employee completes 1,000 or more
Hours of Service.

     2.05 “Employment Commencement Date” means the date on which an Employee first performs an Hour
of Service.

     2.06 “Employment Recommencement Date”

          (a) For Plan Years beginning prior to January 1, 2006, “Employment Recommencement Date” means
the first day on which an Employee is entitled to be

2

 

credited with an Hour of Service for the
Participating Employer or an Affiliated Company following a Break in Service.

          (b) For Plan Years beginning on January 1, 2006, “Employment Recommencement Commencement Date”
means the first date on which the Employee performs an Hour of Service following a Period of
Severance.

2.07 “Hour of Service”

          (a) For Plan Years beginning prior to January 1, 2006, “Hour of Service” means for an
Employee:

               (1) Each hour for which an Employee is directly or indirectly paid, or entitled to payment,
for the performance of duties for the Participating Employer or an Affiliated Company. Each such
hour shall be credited to the Employee for the computation period or periods in which the duties
are performed;

               (2) Each hour for which an Employee is directly or indirectly paid, or entitled to payment, by
the Participating Employer or an Affiliated Company on account of a period of time during which no
duties are performed (irrespective of whether the employment relationship has terminated) due to
vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty, or
leave of absence. Each such hour shall be credited to the Employee for the computation period or
periods in which such period occurs, subject to the following rules:

                    a. No more than 501 Hours of Service shall be credited under this
paragraph (2) to an Employee
on account of any single continuous period during which the Employee performs no duties (whether or
not such period occurs in a single computation period), and

                    b. Hours of Service will not be credited under this paragraph
(2) for which payment by the
Company or an Affiliated Company is made or due under a plan maintained solely for the purpose of
complying with applicable workers’ compensation, unemployment compensation, or disability insurance
laws or where payment solely reimburses the Employee for medical or medically-related expenses
incurred by the Employee; and

               (3) Each hour for which back pay, irrespective of mitigation of damages, is either awarded or
agreed to by the Participating Employer or an Affiliated Company. The same Hours of Service shall
not be credited both under paragraph (1) or paragraph (2), as the case may be, and under this
paragraph (3). These hours shall be credited to the Employee for the computation period or periods
to which the award or
agreement pertains rather than the computation period in which the award, agreement, or
payment is made.

               (4) For Employees for whom the Company or an Affiliated Company does not maintain records
sufficient to determine Hours of Service, Hours of

3

 

Service shall be credited for each payroll
period of the Employee for which the Employee receives or is entitled to receive compensation as
follows:

	 	 	 	 	 
	Payroll Period	 	Hours of Service Credited
	(1) Daily

	 	10	 	 
	(2) Weekly

	 	45	 	 
	(3) Bi-Weekly

	 	90	 	 
	(4) Semi-Monthly

	 	95	 	 
	(5) Monthly

	 	190	 	 

               (5) Hours of Service will be calculated and credited in a manner consistent with Section
2530.200b-2 of the Department of Labor Regulations which is incorporated herein by reference.

          (b) For Plan Years beginning on January 1, 2006, “Hours of Service” means each hour for which
an Employee is directly or indirectly paid, or entitled to payment, for the performance of duties
for the Company or an Affiliated Company. Each such hour shall be credited to the Employee for the
Computation Period or Periods in which the duties are performed.

     2.08 “Maternity or Paternity Leave of Absence” means an Approved Absence from work by reason
of the Employee’s pregnancy, birth of a child of the Employee, placement of a child with the
Employee in connection with adoption, or any absence for purposes of caring for such a child for a
period immediately following such birth or placement.

     2.09 “Severance from Service Date” means the earlier of: (i) the date on which an Employee
quits, retires, is discharged or dies; or (ii) the first anniversary of the first date of a period
in which an employee remains absent from service (with or without pay) with the Company or an
Affiliated Company for any reason other than quit, retirement, discharge or death, such as
vacation, holiday, sickness, disability, Approved Absence or layoff. Notwithstanding the foregoing,
solely for purposes of determining whether an Employee has experienced a One-Year Period of
Severance, the Severance from Service date for an Employee who remains absent from service beyond
the first anniversary of the first date of a period of absence that is a Maternity or Paternity
Leave of Absence means the second anniversary of the first date of the absence.

     2.10 “Year of Service”/”Period of Service”

          (a) For Plan Years beginning before January 1, 2006, “Year of Service” means:

               (1) For purposes of determining an Employee’s vested status under the Plan, any Plan Year
during which the Employee is credited with at least 1,000 Hours of Service with the Participating
Employer or an Affiliated Company; and

4

 

               (2) For purpose of determining an Employee’s eligibility to participate under the Plan,
the
twelve month period commencing on the date an Employee first completed an Hour of Service with the
Participating Employer or an Affiliated Company, or any Plan Year during which an Employee is
credited with at least 1,000 Hours of Service with the Participating Employer or an Affiliated
Company.

          Except as authorized by the Company, an Employee shall not receive credit for any Years of
Service with an Affiliated Company prior to the date on which such company first became an
Affiliated Company.

          (b) For Plan Years beginning on January 1, 2006, for purposes of determining an Employee’s
vested status under the Plan, the term “Period of Service” means a period of service commencing on
the Employee’s Employment Commencement Date or Employment Recommencement Date, whichever is
applicable, and ending on the Severance from Service Date.

     2.11 Rules for Crediting Service for Vesting

          (a) For Plan Years beginning prior to January 1, 2006, if a Participant is reemployed by the
Participating Employer or an Affiliated Company after a Break in Service, the following special
rules shall apply in determining the Participant’s Years of Service for the purpose of crediting
service for vesting:

               (1) In the case of a Participant who is reemployed before the occurrence of five (5)
consecutive Breaks in Service:

                    a. Years of Service completed prior to such break will not be taken
into account until the
Participant has completed a Year of Service following his or her Employment Recommencement Date;
and

                    b. both pre-break and post-break Years of Service will count in
vesting his or her pre-break
and post-break Account balances.

               (2) In the case of a Participant who is reemployed after the occurrence of five (5) or
more
consecutive Breaks in Service (or who is reemployed prior to such occurrence but does not make the
repayment provided for in Section 9.04):

                    a. separate Employer Contribution Accounts will be maintained to
reflect the Participant’s
pre-break and post-break Account balances; and

                    b. all Years of Service after such Breaks in Service will be
disregarded for the purposes of
vesting the pre-break Account balance, but both pre-break and post-break Years of Service will
count for purposes of vesting the Account balance that accrues after such break.

          (b) For Plan Years beginning on January 1, 2006, the following rules shall apply for the
purpose of crediting service for vesting:

5

 

               (1) A Participant shall be credited with a number of years of service for vesting equal to the
number of whole years of Periods of Service, whether or not consecutive. For purposes of this
rule, less than whole years will be aggregated on the basis that 12 months of service (30 days are
deemed to be a month in the case of fractional months), or 365 days shall equal a whole year of
service. Any remaining less than whole year, 12-month or 365-day period of service will be
disregarded.

               (2) If a Participant severs from service by reason of a quit, discharge or retirement and then
performs an Hour of Service within 12 months of the Severance from Service Date, the Period of
Severance shall be credited.

               (3) If a Participant severs from service by reason of a quit, discharge or retirement during
an absence from service of 12 months or less for any reason for any reason other than a quit,
discharge, retirement or death and then performs an Hour of Service within 12 months of the date on
which the Participant was first absent from service, the Period of Severance shall be credited.

               (4) In the case of a nonvested Participant who incurs five (5) or more One-Year Periods of
Severance, the Period of Service completed before such Periods of Severance shall not be credited
for vesting purposes.

               (5) If a Participant is vested and is reemployed by a Participating Employer or an Affiliated
Company after a Period of Severance, and if the Employment Recommencement Date occurs either after
five (5) or more consecutive One Year Periods of Severance, and the Participant did not request a
distribution, or occurs prior to five (5) or more consecutive One Year Periods of Severance, and
the Participant does not make the repayment provided for in Section 9.04, Periods of Service
completed prior to such severance will be credited upon the Employment Recommencement Date.

          (c) Notwithstanding the provisions of Section 2.11(b), the following additional rules shall
apply for the purpose of crediting service for vesting. For the Plan Year beginning January 1,
2006, a Participant shall be credited with service equal to the greater of (i) the Period of
Service that would be credited under Section 2.11(b) for the Employee’s service from January 1,
2006 through September 28, 2006, or (ii) the service that would be credited to the Employee under
Section 2.11(a) for the Plan Year beginning January 1, 2006. If Section 2.11(b)(2) applies to an
Employee, that Employee’s service shall be calculated under Section 2.11(b) commencing January 1,
2007, unless, without regard to this Section 2.11(c), the Employee’s Period of Service would be
greater if the Employee’s service were calculated under Section 2.11(b) commencing January 1, 2006.

     2. By deleting Section 3.02 in its entirety and substituting therefor:

     “3.02 Break in Service/Period of Severance.

          (a) If an Eligible Employee incurs a Break in Service, or for Plan Years beginning on January
1, 2006, a Period of Severance, before he or she becomes

6

 

eligible to participate in the Plan and he
or she later is reemployed as an Eligible Employee, he or she shall be treated as a new Employee at
the time of his or her reemployment for purposes of the participation requirements.

          (b) If an Eligible Employee incurs a Break in Service, or for Plan Years beginning on January
1, 2006, a Period of Severance after he or she becomes eligible to participate in the Plan and he
or she later is reemployed as an Eligible Employee, he or she shall become a Participant in the
Plan commencing on the Entry Date coincident with or immediately following his or her Employment
Recommencement Date.”

     3. By amending Section 9.02(b) to read:

          “(b) If a Participant’s termination of employment occurs before age 65 for any reason other
than Total Disability or death, the Participant’s vested interest in his or her Employer
Contribution Account shall be determined in accordance with the following schedule:

	 	 	 	 	 
	Years of Service/	 	 
	Period of Service (in years)	 	Vested Interest
	Less than 1
	 	 	0	%
	1
	 	 	20	%
	2
	 	 	40	%
	3
	 	 	60	%
	4
	 	 	80	%
	5 or more
	 	 	100	%”

7

 

     4. By deleting Section 9.03 in its entirety and substituting therefor:

     “9.03 Forfeiture.

     If (a) a Participant terminates employment and receives (or is deemed to receive) a
distribution of his or her entire vested account balance, or (b) a Participant incurs five (5)
consecutive Breaks in Service or for Plan Years beginning on January 1, 2006 five (5) consecutive
One Year Periods of Severance, then the nonvested portion of his or her Employer Contribution
Account will be treated as a forfeiture. For purposes of this Section 9.03, if the value of a
Participant’s vested account balance is zero, then such Participant shall be deemed to have
received a distribution of his or her entire vested account balance as of the date of his or her
termination of employment.”

     5. By deleting Section 9.06 in its entirety and substituting therefor:

     “9.06 Change in Vesting Schedule.

     If the Plan’s vesting schedule is amended, or the Plan is amended in any way that directly or
indirectly affects the calculation of a Participant’s vested interest in his or her Employer
Contribution Account, each Participant with at least three (3) years of service may elect to have
his or her vested interest calculated under the Plan without regard to such amendment or change. A
Participant’s election under this Section 9.06 must be made during the period beginning with the
date the amendment is adopted or deemed to be made and ending on the latest of:

          (a) sixty (60) days after the amendment is adopted;

          (b) sixty (60) days after the amendment becomes effective; or

          (c) sixty (60) days after the Participant is issued written notice of the amendment by the
Company.”

     6. By amending Section (b)(i) of Appendix D titled “Special Rules in Connection with Joint
Ventures” as follows:

          “(i) Such Participants who do not request a distribution at the time of employment by or
transfer to the Joint Venture and Eligible Employees who are transferred to or employed by a Joint
Venture shall be credited with Years of Service and Hours of Service and, for Plan Years beginning
on January 1, 2006, Periods of Service,

8

 

for purposes of determining eligibility to participate under the Plan and vested status under the
Plan for all continuous service with the Joint Venture.”

     IN WITNESS WHEREOF, the Company has caused this Ninth Amendment to be executed as of the day
and year first above written.

	 	 	 	 	 	 	 
	 	 	Countrywide Financial Corporation	 	 
	 
	 	 	 	 	 	 
	 

	 	By:
	 	/s/ MARSHALL M. GATES
 

     Marshall M. Gates
	 	 
	 

	 	 	 	     Senior Managing Director and	 	 
	 

	 	 	 	      Chief Administrative Officer	 	 

	 	 	 	 	 
	Attest

	 	/s/ GERARD A. HEALY
 

  Gerard A. Healy
	 	 
	 

	 	   Senior Vice President/Asst. General Counsel	 	 

9

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00123-of-00352.parquet"}]]