Document:

Exhibit 4.9

 

AMENDMENT NUMBER TWO

TO THE

GREAT LAKES SAVINGS PLAN

 

THIS AMENDMENT NUMBER TWO is executed this            
day of                             ,
2004 by Great Lakes Chemical Corporation (“Corporation”).

 

WITNESSETH:

 

WHEREAS, the Corporation adopted the Great Lakes Savings Plan (“Plan”)
effective as of May 1, 1985, which was most recently restated in its
entirety effective as of January 1, 2003 and subsequently amended by
Amendment Number One;

 

WHEREAS, in connection with the acquisition of Lime-O-Sol Company (“Lime-O-Sol”)
by BioLab, Inc., an affiliate of the Company, on February 28, 2003,
certain Lime-O-Sol employees continued as employees of Lime-O-Sol after the
transaction and were permitted to begin participating in the Plan on March 16,
2003;

 

WHEREAS, BioLab, Inc., as successor to Lime-O-Sol, sponsors and
maintains the Lime-O-Sol 401(k) Plan, as amended and restated effective as of January 1,
2002 (the “LOS Plan”);

 

WHEREAS, effective as of March 16, 2003 participation in the LOS
Plan was “frozen,” such that no individual could be eligible to enroll in or
contribute to the Plan on or after March 16, 2003;

 

WHEREAS, the LOS Plan shall be merged into the Plan (the “Plan Merger”),
effective as set forth below; and

 

WHEREAS, as a result of a stock acquisition by BioLab, Inc.,
A&M Cleaning Products, Inc. became a division of BioLab, Inc. on July 10,
2003 and the Corporation desires to address the participation and vesting of
such former employees of A&M Cleaning Products, Inc.;

 

WHEREAS, as a result of a joint venture of the Corporation with Occidental
Chemical Corporation, the Corporation desires to address the participation and
vesting of certain former employees of Occidental Chemical Corporation and its
fully owned subsidiary, Laurel Industries Holdings, Inc.;

 

NOW, THEREFORE, the Plan is hereby amended, effective as of the date of
the Plan Merger, except as otherwise provided herein, as follows:

 

1.             Section 2.01(a),
the definition of “Account,” is amended by adding a new paragraph (5) and
by replacing the last paragraph to be and read as follows:

 

“(5)         ‘Lime-O-Sol Matching
Account’ means the account maintained to reflect the benefit of the Participant
attributable to his share of matching contributions directly transferred into
this Plan as a result of the merger of the Lime-O-Sol Plan into this Plan effective
as of the Merger Date.

 

 

The ‘Pre-Tax Contribution Account,’ ‘Matching Account,’ ‘Lime-O-Sol
Matching Account,’ ‘Profit Sharing Account,’ and ‘Rollover Account’ shall be
collectively referred to as the ‘Accounts.’”

 

2.             Section 2.01(o)(2),
the definition of “Matching Contributions,” is amended to be and read as
follows:

 

“(2)         ‘Matching
Contributions’ means contributions (i) made by an Employer by reason of
Pre-Tax Contributions of a Participant pursuant to Section 4.03 or (ii) transferred
to the Plan pursuant to a plan merger or a plan-to-plan transfer of assets
other than ‘Lime-O-Sol Matching Contributions.’”

 

3.             Section 2.01(o),
the definition of “Contributions,” is amended by adding a new paragraph (5) to
be and read as follows:

 

“(5)         ‘Lime-O-Sol Matching
Contributions’ means matching contributions that were directly transferred into
this Plan and held in the Participant’s Lime-O-Sol Matching Account as a result
of the merger of the Lime-O-Sol Plan into this Plan effective as of the Merger
Date.”

 

4.             Section 2.01(ee),
the definition of “Merged Plans,” is amended to delete the final “and” that
appears in that section, and add the following final phrase:

 

“; and (vii) the
Lime-O-Sol 401(k) Plan, as amended and restated effective as of January 1,
2002 (the ‘Lime-O-Sol Plan’), as merged as of March 31, 2004.”

 

5.             Effective July 10,
2003, Section 2.01(fff), the definition of “Years of Service,” is amended
by adding the following sentence to the end of the fourth paragraph to be and
read as follows:

 

“For purposes
of Vesting under this Plan, each former employee of A&M Cleaning Products, Inc.
referred to under Section 3.01(e) of this Plan, shall be credited
with Years of Service for his or her period of employment with A&M Cleaning
Products, Inc.”

 

6.             Effective May 1,
2004, Section 2.01(fff), the definition of “Years of Service,” is amended
by adding the following sentence to the end of the fourth paragraph to be and
read as follows:

 

“For purposes
of Vesting under this Plan, each former employee of Occidental Chemical
Corporation and Laurel Industries Holdings, Inc. referred to under Section 3.01(f) of
this Plan, shall be credited with Years of Service for his or her period of
employment with Occidental Chemical Corporation and Laurel Industries Holdings, Inc.”

 

2

 

7.             Effective July 10,
2003, a new Section 3.01(e) shall be added to the end of Section 3.01
to be and read as follows:

 

“(e)         Employees of A&M
Cleaning Products, Inc. on and after its acquisition by BioLab, Inc. on
July 10, 2003 shall not be eligible to participate in the Plan.  Notwithstanding the prior sentence and any
other eligibility provisions of the Plan, such employees of A&M Cleaning
Products, Inc. who become regular, active employees of BioLab, Inc.
as of May 1, 2004, shall become immediately eligible to participate in the
Plan on May 1, 2004.  Thereafter,
eligibility for such employees shall be subject to the provisions under Section 3.01(b).”

 

8.             Effective May 1,
2004, a new Section 3.01(f) shall be added to the end of Section 3.01
to be and read as follows:

 

“(f)          Former employees of
Occidental Chemical Corporation and Laurel Industries Holdings, Inc., who
become regular, active employees of the Company as of May 1, 2004, shall
become immediately eligible to participate in the Plan on May 1,
2004.  Thereafter, eligibility for such
employees shall be subject to the provisions under Section 3.01(b).”

 

9.             Section 6.01, “Participant
Accounts,” shall be amended to be and read as follows:

 

“Section 6.01.  Participant
Accounts.  The Administrator shall
establish and maintain adequate records to reflect the Accounts of each
Participant and beneficiary.  Credits and
charges shall be made to such Accounts pursuant to the Plan to reflect
additions, distributions, and withdrawals and the following provisions of this Article to
reflect gains or losses.  Each
Participant shall have a separate Pre-Tax Contribution Account, Matching
Account, Lime-O-Sol Matching Account (if applicable), Profit Sharing Account,
and Rollover Account.  The maintenance of
individual accounts is for accounting purposes only, and a segregation of Plan
assets to each Account shall not be required.”

 

10.           Section 7.05(b),
“Direct Transfer from Another Plan,” shall be amended to be and read as
follows:

 

“(b)         A direct transfer
made pursuant to this Section 7.05 shall be recorded in the Accounts of a
Participant with like sources.  New
sources will be created to the extent necessary.  The direct transfer shall be invested in the
Fund or Funds as elected by Participant on an Applicable Form prior to the
direct transfer.  Unless otherwise
specified in this Plan, if a Participant does not complete an Applicable Form electing
the investment of his Accounts, his Accounts shall be invested in the Fund or
Funds designated by the Administrator, from time to time.  It is noted that separate accounting may be
maintained with respect to any amounts transferred to this Plan pursuant to
this Section 7.05.”

 

3

 

11.           A new subsection (d) shall
be added to Section 7.05, “Direct Transfer from Another Plan,” to be and
read as follows:

 

“(d)         Effective as of March 31,
2004 (the ‘Merger Date’), the Lime-O-Sol Plan shall be merged into this Plan in
compliance with the requirements under Code Section 414(l).  At the time of such merger, all participants
under the Lime-O-Sol Plan shall be one hundred percent (100%) vested in such
transferred account balances.  All monies
shall be directly transferred into this Plan into like sources, provided,
however, that matching contributions made for a participant under the
Lime-O-Sol Plan shall be transferred to a Lime-O-Sol Matching Account for the
Participant under the Plan.  For purposes
of such transferred account balances, for actively employed Participants who
have a current investment designation under the Plan at the time of the Merger
Date and to the extent an investment designation is not made by such
Participant for such transferred account balances, such Participants shall have
their account balances invested in the Fund or the Funds consistent with their
current investment election in effect as of the Merger Date.  In all other instances where there is no
investment designation made by a Participant, transferred account balances
shall be invested in the Vanguard® Prime Money Market Fund.  On and after the Merger Date, funds in
participant accounts shall be subject to the terms of this Plan.”

 

12.           The first sentence
of Section 7.09(a) shall be amended to be and read as follows:

 

“A Participant who has not Terminated Employment or Retired may request
on the Applicable Form, for reason of financial hardship as defined under the
regulations of the Internal Revenue Service, to withdraw in cash all or part of
his Pre-Tax Contribution Account, excluding any earnings of the Trust Fund
allocated to such Pre-Tax Contribution Account after December 31, 1998,
his Rollover Account, and the Vested portion of his Matching Account; provided,
however, no portion of a Participant’s Accounts that have been pledged as
security for a loan pursuant to Section 8.02(h), nor shall any Profit
Sharing Account or Lime-O-Sol Matching Account be available for a withdrawal
under this subsection (a).”

 

13.           A new paragraph shall
be added to the end of Section 7.09(a), “In-Service Withdrawals,” to be
and read as follows:

 

“Notwithstanding the above, assets attributable to elective deferrals and
safe-harbor matching contributions, and any earnings thereon, transferred as of
the Merger Date from the Lime-O-Sol Plan to this Plan as provided under Section 7.05(d) shall
not be eligible to be withdrawn for reason of financial hardship as provided
under this Section 7.09(a)-(e).”

 

4

 

14.           Section 7.09(f),
“In-Service Withdrawals,” shall be amended to be and read as follows:

 

“(f)          As of any date after
a Participant attains age fifty-nine and one-half (59-1/2), he may request a
withdrawal of all or any part of his Pre-Tax Contribution Account, Rollover
Account, the Vested portion of his Profit Sharing Account, the Vested portion
of his Matching Account, and any Lime-O-Sol Matching Account; provided,
however, no portion of a Participant’s Accounts that has been pledged as
security for a loan pursuant to Section 8.02(h) shall be available
for a withdrawal under this subsection (f).  Such withdrawal may include all or a portion
of his Accounts that has been contributed in Company Stock pursuant to Section 4.03
or invested in Company Stock pursuant to the Participant’s election under Section 11.02.  Only one (1) such request shall be
permitted in any calendar year and must be made on the Applicable Form filed
with the Administrator.  A distribution
under this subsection (f) shall be distributed as soon as
administratively feasible.”

 

15.           Section 8.02(j),
“Terms and Conditions,” shall be amended to be and read as follows:

 

“(j)          If the Participant
or beneficiary is in default, the Rollover Account, Profit Sharing Account, Matching
Account, and Lime-O-Sol Matching Account of the Participant may in the
discretion of the Administrator be applied against the outstanding loan to the
extent necessary to fully repay the same. 
In the event the loan remains outstanding after application of the
Accounts in the preceding sentence, the Pre-Tax Contribution Account of the
Participant may in the discretion of the Administrator be applied against the
outstanding loan provided that the Participant (i) is age fifty-nine and
one-half (59-1/2), (ii) is deceased, (iii) is Disabled, or (iv) has
Terminated Employment or Retired.”

 

16.           Section 9.01(a),
“Vesting Standards,” shall be amended to be and read as follows:

 

“(a)         A Participant shall
be one hundred percent (100%) Vested in his Pre-Tax Contribution Account,
Rollover Account, and Lime-O-Sol Matching Account at all times.”

 

17.           In all other
respects, the Plan shall be and remain unchanged.

 

This Amendment Number Two to the Plan is executed as of the date first
above written.

 

	
   

  	
  “COMPANY”

  
	
   

  	
   

  
	
   

  	
  GREAT
  LAKES CHEMICAL CORPORATION

  
	
   

  	
   

  
	
   

  	
  By: 

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title: 

  	
   

  	
   

  
						

 

5Exhibit 4.10

 

AMENDMENT NUMBER THREE

TO THE

GREAT LAKES SAVINGS PLAN

 

THIS AMENDMENT NUMBER THREE is executed this          
day of                         ,
2004 by Great Lakes Chemical Corporation (“Corporation”).

 

WITNESSETH:

 

WHEREAS, the Corporation adopted the Great Lakes Savings Plan (“Plan”)
effective as of May 1, 1985, which was most recently restated in its
entirety effective as of January 1, 2003,  and later amended by Amendments Number One and
Two;

 

WHEREAS, the Corporation wishes to change the Plan to permit matching
contributions to be made in cash or Corporation stock;

 

WHEREAS, the Corporation wishes to change the Plan so the matching
contribution formula for Adrian Union Employees is the same as the formula for
other employees, as provided in Section 4.03(a) of the Plan;

 

WHERAS, the Corporation wishes to update certain loan provisions to
clarify how employees repay loans during a leave of absence and what accounts
may be used in the case of a loan default;

 

WHERAS, the Corporation wishes to clarify who has authority to amend
the Plan;

 

WHEREAS, the Corporation wishes to add new investment fund options to
the Plan;

 

NOW, THEREFORE, the Plan is hereby amended, effective as provided
herein, as follows:

 

1.                                       Effective
January 1, 2004, Section 2.01(nn), the definition of “Plan
Compensation,” shall be amended to read as follows:

 

(nn) “Plan
Compensation” means the Participant’s base salary, overtime, and bonuses
received from his Employer while an Eligible Employee, plus any Pre-Tax
Contributions pursuant to Section 4.02 or any other amounts excludable
from taxable income because of an election under Code Section 401(k), 125,
402(g), 457, or 132(f)(4), but excluding any severance pay.  To the extent required by Code Section 401(a)(17),
the compensation of a Participant for any year taken into account under the
Plan shall not exceed Two Hundred Thousand Dollars ($200,000) (as increased by
the Cost of Living Adjustment for the year pursuant to Code Section 401(a)(17)).  To the extent required by Code Section 401(a)(17),
if a determination period for a Participant consists of fewer than twelve (12)
months, the annual limit required by Code Section 401(a)(17) will be

 

 

multiplied by a fraction, the numerator of which is the number of
months in the determination period, and the denominator of which is twelve
(12).

 

2.                                       Effective
for payroll periods ending on or after September 10, 2004, Section 4.03,
“Matching Contributions,” shall be amended to be and read as follows:

 

Section 4.03.  Matching Contributions.

 

(a)                                  Effective
for payroll periods ending on or after September 10, 2004, unless the
Board of Directors determines otherwise before the beginning of a Plan Year,
and except as otherwise provided in this Section 4.03, each Employer shall
contribute with respect to the Plan Year on behalf of each Participant (other
than as provided in subsections (b) and (c) below) a Matching
Contribution equal to fifty percent (50%) of the Pre-Tax Contributions of the
Participant to the extent that such Pre-Tax Contributions do not exceed six
percent (6%) of the Participant’s Plan Compensation.  Matching Contributions made on behalf of a
Participant shall be made in Company Stock or cash, in which case the cash
shall be used promptly to purchase Company Stock on the open market and shall
be allocated to the Participant’s Matching Account as of each payroll
concurrently with Pre-Tax Contributions on which the Matching Contributions are
based.

 

(b)                                 Notwithstanding
anything in this Section to the contrary, effective January 1, 2000,
Adrian Union Employees who are Participants, shall receive a Matching
Contribution equal to:

 

(1)                                  fifty
percent (50%) of the first two percent (2%) of the Pre-Tax Contributions of
such Participant for the Plan Year, which shall be made in cash and shall be
allocated to his Matching Account as of each payroll;

 

(2)                                  a
second tier Matching Contribution equal to fifty percent (50%) of the next two
percent (2%) of the Pre-Tax Contributions of such Participant for the Plan
Year, which additional Matching Contribution shall be made in Company Stock or
cash, in which case the cash shall be used promptly to purchase Company Stock
on the open market and shall be allocated to his Matching Account as of each
payroll; and

 

(3)                                  a
third tier discretionary Matching Contribution, if any, as may be determined by
the Plan Administrator or its designee if financial goals are met for the Plan
Year, equal to fifty percent (50%) of the next two percent (2%) of Pre-Tax
Contributions of such Participant for the Plan Year (in excess of the four
percent (4%) referred to in paragraphs (1) and (2) above), which
Matching Contributions shall be made in Company Stock and shall be allocated to
his Matching Account as of the last day of the Plan Year.

 

2

 

(c)                                  Notwithstanding
anything in this Section to the contrary, no Matching Contributions shall
be made at any time on behalf of any Nitro Union Employee.

 

(d)                                 Matching
Contributions may be made in cash or Company Stock, as designated above, to the
Trustee by the Employer on a basis consistent with its payroll practices
concurrently with Pre-Tax Contributions on which the Matching Contributions are
based, or annually as designated above.

 

(e)                                  Matching
Contributions made on behalf of a Participant shall be allocated, for
accounting purposes, to the Plan Year with respect to which the Pre-Tax
Contributions were made, and shall be allocated to the Matching Account of the
Participant.

 

(f)                                    If
a Participant is employed by more than one (1) Employer during a Plan
Year, the portion of the total Matching Contribution of the Participant for the
Plan Year that is paid by each Employer shall be based on the percentage of the
Pre-Tax Contributions of the Participant for the Plan Year paid by the Employer.

 

3.                                       Effective
for payroll periods ending on or after September 17, 2004, Section 4.03,
“Matching Contributions,” shall be amended to be and read as follows:

 

Section 4.03.  Matching Contributions.

 

(a)                                  Effective
for payroll periods ending on or after September 17, 2004, unless the
Board of Directors determines otherwise before the beginning of a Plan Year,
and except as otherwise provided in this Section 4.03, each Employer shall
contribute on behalf of each Participant (other than as provided in subsection (c) below)
a Matching Contribution equal to fifty percent (50%) of the Pre-Tax
Contributions of the Participant to the extent that such Pre-Tax Contributions
do not exceed six percent (6%) of the Participant’s Plan Compensation.  Matching Contributions made on behalf of a
Participant shall be made in Company Stock or cash, in which case the cash
shall be used promptly to purchase Company Stock on the open market and shall
be allocated to the Participant’s Matching Account as of each payroll
concurrently with Pre-Tax Contributions on which the Matching Contributions are
based.

 

(b)                                 Notwithstanding
anything in this Section to the contrary, no Matching Contributions shall
be made at any time on behalf of any Nitro Union Employee.

 

(c)                                  Matching
Contributions made on behalf of a Participant shall be allocated, for
accounting purposes, to the Plan Year with respect to which the Pre-Tax
Contributions were made, and shall be allocated to the Matching Account of the
Participant.

 

3

 

(d)                                 If
a Participant is employed by more than one (1) Employer during a Plan
Year, the portion of the total Matching Contribution of the Participant for the
Plan Year that is paid by each Employer shall be based on the percentage of the
Pre-Tax Contributions of the Participant for the Plan Year paid by the
Employer.

 

4.                                       Effective
July 1, 2003, the second paragraph of Section 8.02(d), shall be
amended to be and read as follows:

 

Loan
repayments may continue during a leave of absence or a temporary/nonpermanent
layoff and shall be made through payroll deduction for a paid leave of absence
or paid temporary/nonpermanent layoff or, if permitted as described in the next
sentence and if elected by the Participant, may be paid by check by the Participant.  In the event of a leave of absence or
temporary/nonpermanent layoff (i) without pay from a Related Company, (ii) at
a rate of pay (after income and employment taxes withholding) from a Related
Company that is less than the amount of loan repayments required under the term
of the loan, or (iii) with long-term disability payments or workers’
compensation payments paid from an unrelated third party, a Participant who
wishes to continue loan repayments must repay the loan by sending to the person
designated by the Administrator cashier’s checks or money orders in
substantially equal installment payments at such time and in such amounts as
would have been deductible from the Participant’s pay.

 

5.                                       Effective
March 31, 2004, Section 8.02(j), shall be amended to be and read as
follows:

 

(j)                                     If
the Participant or beneficiary is in default, the Rollover Account, Profit
Sharing Account, and Matching Account of the Participant may in the discretion
of the Administrator be applied against the outstanding loan to the extent
necessary to fully repay the same.  In
the event the loan remains outstanding after application of the Accounts in the
preceding sentence, the Pre-Tax Contribution Account and any Lime-O-Sol
Matching Account of the Participant may in the discretion of the Administrator
be applied against the outstanding loan, provided that the Participant (i) is
age fifty-nine and one-half (59-1/2), (ii) is deceased, (iii) is
Disabled, or (iv) has Terminated Employment or Retired.

 

6.                                       Effective
for payroll periods ending on or after September 10, 2004, Section 11.02
“Investments,” shall be amended to be and read as follows:

 

Section 11.02.                       Investments.

 

(a)                                  Each
Participant shall have the right to direct the investment of his Accounts in
accordance with this Section.

 

4

 

(b)                                 Except
with regard to Matching Contributions made pursuant to Section 4.03,
subject to the limitations of Section 11.03, contributions shall be
invested as elected by the Participant, or as subsequently changed, on the
Applicable Form filed with the Administrator, subject to such conditions
as it may prescribe.

 

(c)                                  Contributions
shall be invested in multiples of five percent (5%) in any one (1) or more
of the Funds, as elected by the Participant on the Applicable Form filed
with the Administrator, or its designee, or by such other means as may be
provided for the Funds, subject to such conditions as the Administrator, or its
designee, may prescribe.  If a
Participant does not complete an Applicable Form electing the investment
of his Accounts, his Accounts shall be invested in the Fund or Funds designated
by the Administrator, from time to time.

 

(d)                                 Except
with regard to Matching Contributions made pursuant to Section 4.03, a
Participant may change his investment election with respect to contributions to
be made thereafter.  Subject to Section 11.03
and the limitations of the Funds, a Participant may elect to transfer all or
any portion of the Accounts of the Participant invested in any one (1) Fund
to another Fund by filing a request on the Applicable Form with the
Administrator, or its designee, or by such other means as may be provided for
the Funds.

 

(e)                                  Where
excessive trading can undermine any of the Funds or exceed the available
liquidity for any such Fund, the Company reserves the right to modify or
suspend transfer and withdrawal privileges on any of the Funds, at any time,
upon notice to Participants.

 

(f)                                    A
reasonable annual administrative fee, as determined by the Administrator, may
be charged to the Accounts of a Participant who has Terminated Employment or
Retired for related expenses after the first Plan Year of the Participant’s
Termination of Employment or Retirement.

 

7.                                       Effective
for payroll periods ending on or after September 10, 2004, Section 11.03
“Company Stock,” shall be amended to be and read as follows:

 

Section 11.03.                       Company
Stock.

 

(a)                                  Participants
may direct the investment of their Accounts into Company Stock as provided in Section 11.02.

 

(b)                                 No
employer securities shall be distributed from the Plan for any type of Plan
distribution, whether Retirement, Termination of Employment, death, in-service
withdrawal or loan.  All Company Stock
shall be liquidated under the Plan, as allowed under the terms and conditions
of the Plan, in order to effectuate any distribution.  All distributions from
the Plan shall be paid in cash.

 

5

 

(c)                                  As
provided under Article IV, certain Matching Contributions shall be made in
Company Stock or cash used to purchase Company Stock on the open market.  Participants may not redirect such Matching
Contributions or the earnings from such Matching Contributions out of Company
Stock; provided, however, a
Participant who has reached age fifty-five (55) may transfer all or a portion
of his Matching Contribution Account contributed in Company Stock to any other
Fund by completing an Applicable Form, subject to any limitations of federal
securities laws.

 

(d)                                 Elections
with respect to investments in Company Stock by Participants who are members of
the Board of Directors of the Company or who are officers of the Company within
the meaning of Securities and Exchange Commission Rule 16a-1(f), will be
given effect only if one of the following conditions is met:

 

(1)                                  if
the election is made in connection with the death, Disability, Retirement, or
Termination of Employment of the Participant; or

 

(2)                                  the
election is required to be made available to the Participant pursuant to the
Internal Revenue Code; or

 

(3)                                  if
the election involves a transfer of existing Account balances into Company
Stock, it is not made within six (6) months following the most recent
election, with respect to any employee benefit plan of the Company, that
effected a transaction that was a disposition of Company Stock; or, if the
election involves a transfer of Account balances out of the Company Stock, it
is not made within six (6) months following the most recent election, with
respect to any employee benefit plan of the Company, that effected a transaction
that was an acquisition of Company Stock; or

 

(4)                                  if
the election results in the investment of future contributions (e.g., new
money) into Company Stock; or

 

(5)                                  the
election is determined by the Trustee, based upon the advice of counsel to the
Company, to be otherwise exempt from Section 16(b) of the Securities Exchange
Act of 1934, as amended.

 

8.                                       Effective
December 6, 2001, Section 12.01(a), shall be amended to be and read
as follows:

 

Section 12.01.  Amendment or Termination.

 

(a)                                  The
President of the Company or the Senior Vice President of Human Resources and
Communications of the Company, or their designees, each of them acting singly,
shall have the authority, as granted by the Board of

 

6

 

Directors, to
amend the Plan, if the restatement or amendment (i) is administrative in
nature or is required to comply with applicable laws and regulations, and (ii) does
not have a material economic impact on the Plan or the Company.  Otherwise, such authority shall reside with
the Board of Directors.  This authority
is subject to the provisions of any applicable collective bargaining agreement;
provided, however, that no amendment shall retroactively increase the duties or
responsibilities of the Trustee without its written consent.  A signed copy of such amendment or
restatement shall be delivered to the Compensation and Incentive Committee,
Administrator and Trustee, and shall be effective as of the date set forth in
such amendment or restatement, and the Employers, Employees, Participants,
beneficiaries, Trustee, Administrator, and all other persons having any
interest under the Plan shall be bound thereby. 
Provided, however, that no such officer action shall operate to recapture
for an Employer any contributions or payments previously made to the Plan, nor
to adversely affect any benefits otherwise payable to Participants and their
beneficiaries.

 

9.                                       Effective
December 6, 2001, Section 12.02 “Amendment for Qualification of Plan,”
shall be amended to be and read as follows:

 

It is the
intent of the Company that the Plan shall be and remain qualified for tax
purposes under the Code.  The Company
shall promptly submit the Plan for approval under the Code and all expenses
incident thereto shall be borne by the Company. 
The President of the Company or the Senior Vice President of Human
Resources and Communications of the Company, or their designees, each of them
acting singly, shall have the authority, as granted by the Board of Directors,
to make any modifications, alterations, or amendments to the Plan necessary to
obtain and retain approval of the Secretary of the Treasury or his delegate as
may be necessary to establish and maintain the status of the Plan as qualified
and the deductibility for income tax purposes of Employer contributions thereto
under the provisions of the Code or other federal legislation, as now in effect
or hereafter enacted, and the regulations issued thereunder.  Any modification, alteration, or amendment of
the Plan, made in accordance with this Section, may be made retroactively, if
necessary or appropriate.  A copy of such
amendment shall be delivered to the Administrator and Trustee, and the Plan
shall be amended in the manner and effective as of the date set forth in the
resolution of such officer, and the Employers, Employees, Participants,
beneficiaries, Trustee, Administrator, and all others having any interest under
the Plan shall be bound thereby.

 

10.                                 Effective
August 16, 2004, Appendix A, “Investment Funds,” shall be amended to be and
read as follows:

 

The seventeen (17) funds available through
the Great Lakes Savings Plan are as follows:

 

•                  Vanguard®
Prime Money Market Fund (cash reserves fund)

 

7

 

•                  Vanguard®
Retirement Savings Trust (stable value fund)

•                  Vanguard®
Total Bond Market Index Fund (bond fund)

•                  Vanguard®
Wellesley® Income Fund (balanced fund – stocks/bonds)

•                  Vanguard®
WindsorTM Fund (growth and income stock fund)

•                  Vanguard®
500 Index Fund (growth and income stock fund)

•                  Vanguard®
U.S. Growth Fund (growth stock fund)

•                  Vanguard®
Extended Market Index Fund (growth stock fund)

•                  Vanguard®
Small-Cap Index Fund (aggressive growth stock fund)

•                  Vanguard®
ExplorerTM Fund (aggressive growth stock fund)

•                  Vanguard®
International Growth Fund (international stock fund)

•                  Great
Lakes Stock Fund (a company stock fund)

•                  Vanguard®
Target Retirement 2005 Fund (balanced fund – stocks/bonds)

•                  Vanguard®
Target Retirement 2015 Fund (balanced fund – stocks/bonds)

•                  Vanguard®
Target Retirement 2025 Fund (balanced fund – stocks/bonds)

•                  Vanguard®
Target Retirement 2035 Fund (balanced fund – stocks/bonds)

•                  Vanguard®
Target Retirement 2045 Fund (balanced fund – stocks/bonds)

 

11.                                 In
all other respects, the Plan shall be and remain unchanged.

 

This Amendment Number Three to the Plan is executed by the duly
authorized officer of Great Lakes Chemical Corporation as of the date first
above written.

 

	
   

  	
  GREAT
  LAKES CHEMICAL CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
   

  
						

 

8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00087-of-00352.parquet"}]]