Document:

Exhibit

                                                          
Exhibit 10.1
SERVICE CORPORATION INTERNATIONAL 

RETIREMENT PLAN FOR NON-EMPLOYEE DIRECTORS

                                                                 PREAMBLE
For the purposes of encouraging persons who are not employees of Service Corporation International (the “Corporation” or “Company”) or any subsidiary thereof, to serve, or continue to serve, as a member of the Board of Directors of the Corporation and thus benefit the Corporation with their knowledge, judgment, experience and contacts, the Corporation hereby establishes a Retirement Plan For Non-Employee Directors selected to be participants therein.

                                           ARTICLE I

                                        Effective Date of Plan

                                         and Selection of Participants Therein

The effective date of this Plan is January 1, 1992.   Any current or future director of the Corporation, including without limitation any former director who has been designated and is serving in the capacity of an honorary director or director emeritus, who is not an employee of the Corporation is eligible for selection as a participant of this Plan. Any such director shall become a participant in this Plan at such time as the Corporation's Board of Directors, or its Executive Committee, by action containing the affirmative approval of a majority of Corporation directors who are employees of the Corporation and who are not participants of the Plan, adopts a resolution naming such director as a participant in this Plan.  Each such participant is herein called a "Director".

ARTICLE II
                                                                    Payments Under Plan 
                                          Establishment of Mandatory Retirement Age
2.1    Upon ceasing to be a member of the Board of Directors of the Corporation for any reason, other than removal therefrom as provided in the By-laws of the Corporation and other than death (which is covered by Article IV), a Director shall be entitled to the retirement payments hereinafter provided, subject to the vesting schedule hereinafter stated. Except only as to presently serving Directors who are older, upon the later of a Director attaining the age of seventy-five years or the expiration of such Director's term as director following the attainment of such age, the term of said Director on the Board shall terminate, such age (subject to expiration of the Director's term as director) being herein established as mandatory retirement age for each Director.
2.2    Commencing with the next month following a Director ceasing to be a member of the Board of Directors, as provided in section 2.1, the Corporation will pay said Director certain retirement payments.  The annual amount of such retirement payments (the "Annual Retirement Benefit") shall be $42,500, multiplied by said Director’s vested Percentage as set forth in Article III below.  The Annual Retirement Benefit shall be paid to said Director in equal monthly installments, payable upon the first business day of each month.  Such retirement payments shall be payable for a total period of one hundred twenty (120) consecutive months; provided that if the Director dies prior to the expiration of such period, then for the balance thereof, such payments shall be paid to the beneficiary previously designated by the Director in writing and on file with the Corporation's Secretary, which beneficiary is referred to herein as the

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"Beneficiary", and if no Beneficiary has been designated by Director, or if designated but does not survive Director, of if surviving, dies before a total of one hundred  twenty consecutive  payments  have been  paid,  the remainder of said payments shall be paid to the Director's spouse, if any and if living, but to Director's estate if Director is not survived  by a spouse,  or if survived  by a spouse,  the latter should  die  before  a  total  of  one  hundred  twenty monthly  payments  have  been made.

ARTICLE III

Vesting

                              3.1       The Director's vested percentage shall be determined based upon full years of service as a director, including without limitation service prior to the date of this Plan and including without limitation any period of time in which the Director was both a director and an employee of the Corporation.    The  years  of  service  and  the vested percentages are as follows:
                             Full Years of Service                                              Vested Percentage 

                                           0 - 5                                                                      0%
                                           6 - 8                                                                     25%
                                           9 - 11                                                                   50%
                                          12 - 14                                                                  75%
                                          15 or more                                                           100%
                              3.2        If a Change of Control occurs, then the Director shall immediately be 100% vested, irrespective of the number of years of service. For purposes of this agreement, "Change  of  Control" shall mean:
(i)The acquisition by any individual, entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange   Act   of   1934,   as  amended   [the  "Exchange   Act]) (a "Person") of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 20% or more of either the then outstanding shares of Common Stock of the Company (the "Outstanding Company Common 

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Stock") or (B) the combined voting power of the then outstanding voting securities of the Company entitled to vote generally in the election of Directors (the "Outstanding Company Voting Securities"); provided, however, that the following acquisitions shall not constitute a Change of  Control: (A) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a conversion privilege), (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan (or related  trust) sponsored  or maintained  by the Company or any corporation  controlled  by the Company or (D) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, following such reorganization, merger or consolidation, the  conditions  described  in clauses  (A), (B)  and (C) of subsection (iii) of this definition of "Change of Control" are satisfied; or

                (ii)     Individuals who, as of the effective date hereof, constitute the Board of the Company (the "Incumbent  Board")  cease for any reason to constitute at least a  majority of the Board   of the Company; provided, however, that any individual becoming   a director subsequent to the date hereof whose election, or nominating for election by the Company's shareholders, was approved by (A) a vote of at least a majority of the directors then comprising the Incumbent Board of the Company, or (B) a vote of  at least a majority of the directors then comprising the Executive Committee of the Board at a time when such committee was comprised of at least five members and all members of such committee were either members of the Incumbent Board or considered as being members of the Incumbent Board pursuant to clause (A) of this subsection (ii), shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) or other actual or threatened solicitation of proxies or consents by or on behalf of a Person other than  the Board  of  the Company; or
                                      
            (iii)       Approval by the shareholders of the Company of a reorganization, merger or consolidation, in each case, unless, following such reorganization, merger or consolidation, (A) more than 60% of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such organization, merger or consolidation in substantially the same proportions as 

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their ownership, immediately prior to such reorganization, merger or conso1idation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding the Company, any employee benefit plan [or related trust] or the Company or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such reorganization, merger or consolidation, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficial1y owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of  directors  and  (C)  at least a majority of the members of the board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board at the time   of the execution of   the initial agreement providing for such reorganization, merger or consolidation; or

                (iv)        Approval by the shareholders of the Company of (A) a complete liquidation or dissolution of  the Company or  (B)  the sale or other disposition of  all or substantially  all of the assets of  the Company, other than to a corporation, with respect to which following such sale or other disposition, (A) more than 60% of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were  the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities immediately prior to such sale or other disposition in substantially the same proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company  Common Stock and Outstanding Company Voting Securities, as the case may be, (B) no Person (excluding the Company and any employee  benefit plan [or related trust] of the Company or such corporation and any Person beneficially owning, immediately prior to such sale or other disposition, directly or indirectly, 20% or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 20% or more of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of  directors  and  (C)  at least a majority of the members of the Board of Directors of such corporation where members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board of the Company providing for such sale or other disposition of  assets  of the Company.
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ARTICLE IV

Payment Upon Director's Death

                            4.1     If the Director dies prior to retirement, the Corporation will pay to the Beneficiary the annual sum of $42,500 per year.   The  death  benefit  shall  be  paid  to  the Beneficiary in equal monthly installments,  payable upon  the first business day of each  month beginning with the month  immediately following the Director's death.  Such payments shall be payable to the Beneficiary until a total of 120 monthly payments have been made.
                   4.2    If at the time a payment is due no Beneficiary designated by the Director is in existence, such payment shall be made to the Director's surviving spouse, if any and if living,  but  to  Director's  estate  if  Director  is not survived  by a spouse,  or if  survived  by  a spouse, and the latter should die before a total of one hundred twenty monthly payments have been made.

ARTICLE V
                                                                  Nonassignability

This Plan and the rights, interest and benefits hereunder shall not be assigned, transferred, pledged, sold, conveyed or encumbered in any way by the Director and shall not be subject to execution, attachment or similar process. Any attempted sale, conveyance, transfer, assignment, pledge or encumbrance of this Plan or of such rights, interest and benefits contrary to the foregoing provisions or the levy of any attachment or similar process thereupon shall be null and void and without effect. This Plan shall be binding on the Corporation, its  successors and assigns.

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 ARTICLE VI
                                                            Miscellaneous

                       6.1     This instrument contains the entire Plan and constitutes a complete integration of the representation, covenants and promises of Director and the Corporation. No amendment or variation of the terms of this Plan shall be valid, unless made in writing and adopted by the Board of Directors of the Corporation  or  the  Executive·  Committee  in  an action containing the affirmative approval of a majority of Corporation directors who are not eligible persons or participants of the Plan; provided however, that no such amendment or variation of the terms of  this Plan which reduces or otherwise  has adverse consequences  to  the benefits of a Director shall be effective as to such Director unless such Director consents thereto  in writing.

                           6.2       The Corporation may make any payments required by this Plan, when  the recipient is incapacitated in the judgment of the Corporation by reason of physical or  mental illness or infirmity: (a) to the recipient directly; (b) to the guardian of the recipient's person or estate; (c) to the custodian of a minor recipient serving under the Uniform Gifts to Minors Act of Texas or any other state; or (d) in the event an inter vivos or testamentary  trust is then in existence for the benefit of any such recipient, to the trustee or trustees of   any such trust.
                         6.3      The Corporation may make the payments specified by this Plan without liability to anyone other than the specified payee. The Director will, on behalf of the Director, or the Director's heirs and assigns, hold the Corporation harmless from any liability for making payments as specified by this Plan unless and until the Corporation is served with citation or other process issuing out of a court of competent jurisdiction in connection with a suit instituted by someone for the purpose of 

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recovering or establishing an interest in such payments. In the event the Corporation becomes uncertain as to the person or persons entitled to receive payments under this Plan, the Corporation may withhold any payments until such time as the Corporation receives a written agreement from the Director, his heirs and assigns, acknowledging that he and they will be and are obligated to provide the indemnity set forth in the preceding sentence.

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drretire.fm2Exhibit

Exhibit 10.21

FOURTH AMENDMENT TO THE
SCI 401(k) RETIREMENT SAVINGS PLAN
WHEREAS, Service Corporation International (the “Employer”) adopted a restatement of the SCI 401(k) Retirement Savings Plan (the “Plan”) effective as of January 1, 2016, which was subsequently amended by the First Amendment, Second Amendment, and Third Amendment; 
WHEREAS, the Employer desires to clarify the Plan’s definition of compensation with respect to certain items of compensation that are excluded from the definition of “Compensation” for elective deferrals, non-safe harbor matching contributions, and non-safe-harbor non-elective contributions; 
WHEREAS, the Employer desires to amend the Plan to add a new source for corrective matching contributions; and
WHEREAS, the Employer has the ability to amend the Plan pursuant to Article 11.1.
NOW, THEREFORE, the Employer hereby amends the Plan in the following respects, effective as of January 1, 2017:
1.Section 1.33(b) of the Plan is amended, to be and to read as follows:
“(b) Compensation Used for Elective Deferral Purposes. In determining Elective Deferrals, the term Compensation means the Code §415 Safe Harbor Compensation paid or made available to the Participant during the Plan Year, including Elective Contributions, and excluding (1) Code §414(s) Safe Harbor Exclusions (including, but not limited to, fringe benefit payments such as car allowances, benefit premium credits, house allowances, and nontaxable earnings); (2) amounts received prior to the date the Employee becomes a Participant in the Elective Deferral Component of the Plan; (3) Differential Wage Payments; (4) short-term disability payments paid by a third party administrator; (5) pay advances; (6) long-term bonuses (including payments under the LTIP (PUPs payments)); and (7) gross-up payments.”
2.Section 1.33(c) of the Plan is amended, to be and to read as follows:
“(c) Compensation Used for Non-Safe Harbor Matching Contribution Purposes. In determining Non-Safe Harbor Matching Contributions, the term Compensation means the Code §415 Safe Harbor Compensation paid or made available to the Participant during the Plan Year, including Elective Contributions, and excluding (1) Code §414(s) Safe Harbor Exclusions (including, but not limited to, fringe benefit payments such as car allowances, benefit premium credits, house allowances, and nontaxable earnings); (2) amounts received prior to the date the Employee becomes a Participant in the Non-Safe Harbor Matching Contribution Component of the Plan; (3) Differential Wage Payments; (4) short-term disability payments paid by a third party administrator; (5) pay advances;(6) long-term bonuses (including payments under the LTIP (PUPs payments)); and (7) gross-up payments.”
3.Section 1.33(d) of the Plan is amended, to be and to read as follows:
“(d) Compensation Used for Non-Safe Harbor Non-Elective Contribution Purposes. In determining Non-Safe Harbor Non-Elective Contributions, the term Compensation means the Code §415 Safe Harbor Compensation paid or made available to the Participant during the Plan Year, including Elective Contributions, and excluding (1) Code §414(s) Safe Harbor Exclusions (including, but not limited to, fringe benefit payments such as car allowances, benefit premium credits, house allowances, and nontaxable earnings); (2) amounts received prior to the date the Employee becomes a Participant in the Non-Safe Harbor Non-Elective Contribution Component of the Plan; (3) Differential Wage Payments; (4) short-term disability payments paid by a third party administrator; 

(5) pay advances; (6) long-term bonuses (including payments under the LTIP (PUPs payments)); and (7) gross-up payments.”
4.Section 1.92 of the Plan is amended to add Corrective Matching Non-Elective Contributions to the definition of Non-Elective Contribution, to be and to read as follows:
“1.92    Non-Elective Contribution. The term Non-Elective Contribution means any ADP Safe Harbor Non-Elective Contribution, Non-Safe Harbor Non-Elective Contribution, Prevailing Wage Contribution or QACA Non-Elective Contribution, Corrective Matching Non-Elective Contribution, Top Heavy Minimum Allocation or Gateway Allocation that is not used to offset any Matching Contribution or is not treated as a Qualified Non-Elective Contribution or a Qualified Matching Contribution, depending on the context in which the term is used in the Plan.”
5.Section 1.182(c) of the Plan is amended, to be and to read as follows:
(c)    Prior Service Credit. If the Employer maintains (or has ever maintained) any plan of a predecessor employer, then Service during the existence of the predecessor plan with the predecessor employer will be credited as Years of Vesting Service with the Employer. In addition, an Employee will receive credit for all Years of Vesting Service with (1) Wilson Financial Group (excluding the Kelly Funeral Home, Inc. division); and (2) Keystone Group in determining the Vested Interest in the Participant’s Non-Safe Harbor Matching Contribution Account, Corrective Matching Non-Elective Contribution Account and Non-Safe Harbor Non-Elective Contribution Account. Additionally, an Employee shall be credited with all Years of Vesting Service completed prior to a Break in Service if such Employee had a non-forfeitable accrued benefit under the SCI Cash balance Plan or SCI Pension Plan at the time he or she first incurred a 1-year Break in Service. If the Employer does not maintain (and has never maintained) any plan of a predecessor employer and Service with the employers described in the preceding sentence exceeds five Years of Vesting Service, then the crediting of such Service must comply with the requirements of Regulation §1.401(a)(4)-11(d).”
6.Article 1 of the Plan is amended to add new definitions to the end thereof related to corrective matching contributions, to be and to read as follows:
“Corrective Matching Non-Elective Contribution. The term Corrective Matching Non-Elective Contribution means a corrective Employer contribution made to this Plan on behalf of a Participant on account of a missed Non-Safe Harbor Matching Contribution.  A Corrective Matching Non-Elective Contribution is subject to the same vesting and allocation requirements as the corresponding missed Non-Safe Harbor Matching Contribution.
Corrective Matching Non-Elective Contribution Account. The term Corrective Matching Non-Elective Contribution Account means the account to which a Participant’s Corrective Matching Non-Elective Contributions are allocated.”
7.Article 3 of the Plan is amended to add a new Section 3.15, to be and to read as follows:
“3.15    Corrective Matching Non-Elective Contributions. Corrective Matching Non-Elective Contributions which are made to the Plan will be made and allocated to each Benefiting Participant’s Corrective Matching Non-Elective Contribution Account in accordance with, and subject to, the provisions that apply to the corresponding Non-Safe Harbor Matching Contributions described in Section 3.3.”
8.Section 4.5 of the Plan is amended to add a new subsection (i), to be and to read as follows:
“(i)    Vesting of Corrective Matching Non-Elective Contributions. A Participant’s Vested Interest in his or her Corrective Matching Non-Elective Contribution Account will be determined by the Vesting schedule that 

applies to the Participant’s Vested Interest in his or her corresponding Non-Safe Harbor Matching Contribution Account as described in Section 4.5(e).”
9.Section 5.3 of the Plan is amended to add a new subsection (j), to be and to read as follows:
“(j)    Corrective Matching Non-Elective Contribution Account. A Participant may request an in-service distribution of up to 100% of the Vested Interest in his or her Corrective Matching Non-Elective Contribution Account at any time on or after the date the Participant reaches Normal Retirement Age, or at any time on or after the date the Participant has reached age 591⁄2.”
10.In all other respects, the terms of this Plan are hereby ratified and confirmed.
IN WITNESS WHEREOF, the Employer has caused this Fourth Amendment to be executed as of the date indicated below.
SERVICE CORPORATION INTERNATIONAL
By:    /s/ GREGORY T. SANGALIS_______________

Title:  SVP GEN COUNSEL/SECRETARY__________

Date:  11/19/2017_______________________________

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