Document:

ex4_5.htm

Exhibit 4.5

AMENDMENT TO THE

ASHLAND INC. EMPLOYEE SAVINGS PLAN

 

WHEREAS, Ashland Inc. (the "Corporation") established the Ashland Inc. Employee Savings Plan (the "Plan") originally effective as of June 1, 1964 for the benefit of employees eligible to participate therein; and

 

WHEREAS, pursuant to Article 20 of the Plan, the Corporation, as sponsor of the Plan, has retained the authority to amend the Plan at any time in whole or in part; and

 

WHEREAS, the Corporation desires to further modify the Plan;

 

NOW, THEREFORE, effective as of January 1, 2013:

 

I.    The Plan shall be amended by restating Section 20.4 to read as follows:

 

20.4     Military Leave.

 

(a)           Notwithstanding any provisions of the Plan to the contrary, contributions, benefits and service credit with respect to qualified military service will be provided in accordance with Code section 414(u) and all other applicable law. A Member who returns to work from qualified military service may make up contributions missed while on military leave. These contributions are in addition to other allowable contributions under the Plan. The Member has until the earlier of (1) the period equal to three times the period of qualified military service or (2) five years. The Participating Company contributions that would have been paid with respect to such Member contributions under the provisions of Article 7 of the Plan at the particular time applicable will also be contributed with respect to a Member's make-up contributions. These Participating Company contributions are in addition to any other such contributions made with respect to the Member's contributions for the present Plan Year. While on a qualified military leave a Member is considered to earn the rate of Compensation he or she would have received if he or she had not been engaged in qualified military service. If this cannot be determined with reasonable certainty, then the Member's deemed Compensation would be the average of the Member's Compensation for the 12 months preceding the qualified military service (or period of employment if shorter than 12 months).

(b)           A Member who is on active military duty for more than 30 days as defined in the Heroes Earnings Assistance and Relief Act of 2008 may elect to receive a distribution from his or her Salary Reduction Contribution Account; provided, however that such Members may not make any Salary Reduction Contribution or other employee contributions for 6 months following such a withdrawal.

 

(c)           A Member who is, by reason of being a member of a reserve component (as defined in section 101 of title 37 of the United States Code), ordered or called to active duty for a period in excess of 179 days or for an indefinite period after September 11, 200 I may request a withdrawal of all or any part of his or her Salary Reduction Contributions, but not the earnings

  

  

  

  

attributable to such amounts. Such withdrawal may be made no earlier than the date of such order or call and no later than the close of the active duty period. In the event that a Member makes a Qualified Reservist Withdrawal, he or she shall not be permitted to elect to have Salary Reduction Contributions contributed to the Plan or any other plan maintained by a Participating Company or an Affiliated Company for a period of 6 months following the receipt of the Qualified Reservist Withdrawal. For purposes of the preceding sentence, other plans shall include all qualified and non-qualified plans of deferred compensation maintained by a Participating Company or an Affiliated Company, other than the mandatory employee contribution portion of a defined benefit plan or a health or welfare plan, including a plan covered by Code Section 125.

 

	
  

	
II.

	
In all other respect, the Plan shall remain unchanged.

 

IN WITNESS WHEREOF, the Corporation has caused this amendment to the Plan to be executed this ____ day of ______________________, 2012.

 

	 ATTEST:	 	 	
ASHLAND INC.

 

 

	 
	
 

	 	 	
By:  /s/  Susan B. Esler

	 
	
Secretary

	 	 	
 

	 
	
 

	 	 	
Title:  Chief HR & Communication Oficer

	 

 

 

 

 

 

 

-2-ex4_6.htm

Exhibit 4.6

 

 

AMENDMENT TO THE

ASHLAND INC. EMPLOYEE SAVINGS PLAN

 

 

 

WHEREAS, Ashland Inc. (the "Corporation") established the Ashland Inc. Employee Savings Plan (the "Plan") originally effective as of June 1, 1964 for the benefit of employees eligible to participate therein; and

 

WHEREAS, pursuant to Article 20 of the Plan, the Corporation, as sponsor of the Plan, has retained the authority to amend the Plan at any time in whole or in part; and

 

WHEREAS, the Supreme Court of the United States invalidated section 3 of the Defense of Marriage Act for federal tax law purposes; consequently, the Internal Revenue Service issued Revenue Ruling 2013-17 and Notice 2014-19 detailing the rules for identifying same-sex spouses in a qualified retirement plan (collectively, the "Guidance"); and

WHEREAS, the Corporation desires to amend the Plan to conform to the Guidance; and

NOW, THEREFORE, BE IT RESOLVED, that the Plan is amended retroactively to be effective as of June 26, 2013 as follows:

 

I.           The following definition of Spouse shall be added to Section 2.1 of the Plan:

 

"Spouse" shall mean the spouse of a Member determined by Federal law applicable to Code §401(a) as announced in Revenue Ruling 2013-17 and Notice 2014-19; provided that to the extent required by a qualified domestic relations order pursuant to the terms of this Plan, a former Spouse of the Member shall be treated as the Spouse of the Member.

 

	
  

	
II.

	
The term "spouse" wherever found in the Plan shall be amended to be a capitalized word and carry with it the definition of Spouse as provided herein.

 

	
  

	
III.

	
In all other respects, the Plan shall remain unchanged.

 

[signature page  immediately follows]

  

  

  

  

IN WITNESS WHEREOF, the Corporation has caused this amendment to the Plan to be executed this 26 day of Sept., 2014.

 

	 ATTEST:	 	 	
ASHLAND INC.

 

 

	 
	
/s/  Peter J. Ganz

	 	 	
By:  /s/  Robin Swanson

	 
	
Secretary

	 	 	
Director, Global HR Opns. & Benefits

	 
	
 

	 	 	
 

	 

 

 

 

 

 

 

-2-ex4_8.htm

Exhibit 4.8

Amendment No. 8

International Specialty Products Inc. 401(k) Plan

 

Pursuant to Article X of the International Specialty Products Inc. 401(k) Plan, amended and restated effective January 1, 2009, as subsequently amended from time to time (the “Plan”), the Plan is hereby amended effective January 1, 2013, unless an alternative effective date is specified in the manner set forth below.

 

1.           Article II relating to “Definitions” is amended by modifying Section 2.27(a)(4) by removing the word “or” at the end thereof.

 

2.           Article II relating to “Definitions” is amended by modifying Section 2.27(a)(5)  by replacing the period at the end thereof with the phrase “; or”.

 

3.           Article II relating to “Definitions” is amended by adding Section 2.27(a)(6) which shall read as follows:

 

“(6)   effective as of January 1, 2013, any Employee who is not employed pursuant to the terms of a collective bargaining agreement between Employee representatives and the Employer.”

	
  

	
4.

	
Article IV is amended by restating Section 4. 10(a) to read as follows:

 

“(a)     A Participant may change the amount of his  Pre-Tax  Contributions  and/or Post-Tax Contributions as soon as is practicable after giving notice to the Plan Administrator  (in the manner prescribed by the Plan Administrator).”

	
  

	
5.

	
Article V is amended by restating Section 5.3(c)(2) to read as follows:

 

“(2)     Frequency. A Participant may make a change as soon as is practicable after giving notice to the Plan Administrator. The change will be made effective as soon as administratively possible.”

 

IN WITNESS WHEREOF, the Amendment has been executed on this  __day of ______________________________, 2012

 

 

	 	 	
INTERNATIONAL SPECIALTY PRODUCTS INC.

 

 

	 
	
 

	 	
BY:  /s/  Susan B. Esler

	 
	
 

	 	
ITS:   Authorized Representative

	 
	
 

	 	
 

	 

 

 

 

 

 

 

1ex4_9.htm

Exhibit 4.9

AMENDMENT NO. 9

INTERNATIONAL SPECIALTY PRODUCTS INC. 401(K) PLAN

 

 

              WHEREAS, International Specialty Products Inc. (the “Company”) maintains for the benefit of certain employees the International Specialty Products Inc. 401(k) Plan (the “Plan”); and

WHEREAS, the Company has determined that participation and contribution under the Plan will be frozen for Employees of the Company’s Freetown Facility (the “Transferred Employees”).

Now, THEREFORE, Appendix A of the Plan is hereby amended, effective as of January 1, 2013, in the following respects:

             I.        Section II of Appendix A shall be amended by adding the following to the end thereof which shall read as follow:

“Notwithstanding any contrary provision of the Plan, effective January 1, 2013, any Transferred Employee who is an Excluded Employee shall not be eligible to actively participate within the Plan but shall remain a Participant with respect to that portion of Account Balances accrued prior to January 1, 2013.”

             II.       Section III of Appendix A shall be amended by adding the following to the end thereof which shall read as follows:

“Effective as of January 1, 2013, the Special Contribution to the Plan detailed in this Section III of Appendix A shall be suspended.”

 

III.      In all other respects the Plan shall remain unchanged.

 

 

IN WITNESS WHEREOF, the undersigned has executed this Amendment this ____ day of ____________________, 2013

 

 

	 	 	
INTERNATIONAL SPECIALTY PRODUCTS INC.

 

 

	 
	
 

	 	
By:  /s/  Susan B. Esler

	 
	
 

	 	
Its:  Authorized Representative  

	 
	
 

	 	
 

	 

 

 

 

 

 

 

1

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