Document:

<PAGE>

                                                                 EXHIBIT 10.10.4

                                    WESTCORP

              EMPLOYEE STOCK OWNERSHIP PLAN AND SALARY SAVINGS PLAN

            (As Amended and Restated Effective as of January 1, 2001)

                               AMENDMENT NO. FOUR

WHEREAS, WESTCORP, a California corporation (the "Company") established the
Westcorp Employee Stock Ownership Plan and Salary Savings Plan (the "Plan"),
effective as of January 1, 1975, for the benefit of its eligible employees and
their beneficiaries; and

WHEREAS, the Company adopted the 2001 Restatement of the Plan effective as of
January 1, 2001 and the Plan was amended thereafter on three separate occasions;
and

WHEREAS, Section 17.1 of the Plan gives the Administrative Committee of the Plan
the authority to amend the Plan; and

WHEREAS, the Administrative Committee has determined that it is in the best
interest of the Plan's participants and their beneficiaries that the Plan be
amended as set forth herein.

NOW, THEREFORE, pursuant to resolutions adopted by the Plan's Administrative
Committee, the Plan is hereby amended effective as of May 27, 2003, as follows:

         1.       Section 4.5 is hereby amended in its entirety to read as
                  follows:

                  "4.5 Except as provided in Article XIX and pursuant to such
                  rules and procedures as may be prescribed by the Committee,
                  Participants and Beneficiaries may direct the investment of
                  the assets in some or all of their Accounts. In order to
                  facilitate the administration and operation of the Plan and
                  the execution of such investment directions, the Committee, in
                  its absolute discretion, may adopt rules and procedures that
                  prohibit excessive trading or trading which adversely affects
                  the liquidity of the unitized Company stock account maintained
                  by the Plan, both as reasonably determined by the Committee in
                  its absolute discretion. Such rules may include, without
                  limitation, limits on (i) the frequency that a Participant or
                  Beneficiary may provide investment directions, (ii) the number
                  of investment directions that a Participant or Beneficiary may
                  give during any period determined by the Committee, (iii) the
                  number of units or dollar value of the unitized Company stock
                  account which may be traded in any period determined by the
                  Committee, or the imposition of restrictions upon the method
                  that a Participant or Beneficiary may utilize in giving such
                  investment directions. In addition, Participant and
                  Beneficiary investment directions shall be subject to the
                  limitations

<PAGE>

                  regarding transfers imposed by the individual investment
                  options made available to Participants and Beneficiaries under
                  the Plan.

                  The Plan is intended to constitute a plan described in ERISA
                  Section 404(c) and 29 CFR Section 2550.404c-1. It is intended
                  that the fiduciaries of the Plan shall be relieved of
                  liability for any losses which are the direct and necessary
                  result of investment instructions given by a Participant or
                  Beneficiary."

         2.       In adopting this Amendment, the Company's intent is to
                  maintain the qualified status of the Plan and the tax
                  exemption of its related trust under the Code. Accordingly,
                  the provisions of this Amendment shall be interpreted in a
                  manner consistent with the continued qualification of the Plan
                  and the tax exemption of the trust. Additionally, nothing in
                  this Amendment shall be deemed to reduce or eliminate any
                  benefit that is protected under section 411(d)(6) of the Code
                  or the corresponding provisions of Title I of the Employee
                  Retirement Income Security Act of 1974.

IN WITNESS WHEREOF, the Administrative Committee of the Westcorp Employee Stock
Ownership Plan and Salary Savings Plan has adopted this Amendment No. Four on
this 27th day of May, 2003.

                                ADMINISTRATIVE COMMITTEE OF THE
                                WESTCORP EMPLOYEE STOCK OWNERSHIP
                                PLAN AND SALARY SAVINGS PLAN

                                By: __________________________________________
                                      Shaunna Monticelli, Chairman
                                      Administrative Committee of the Westcorp
                                      Employee Stock Ownership Plan and Salary
                                      Savings Plan<PAGE>

                                                                 EXHIBIT 10.10.5

                                    WESTCORP

              EMPLOYEE STOCK OWNERSHIP PLAN AND SALARY SAVINGS PLAN

            (As Amended and Restated Effective as of January 1, 2001)

                               AMENDMENT NO. FIVE

                  WHEREAS, WESTCORP, a California corporation (the "Company")
established the Westcorp Employee Stock Ownership Plan and Salary Savings Plan
(the "Plan"), effective as of January 1, 1975, for the benefit of its eligible
employees and their beneficiaries; and

                  WHEREAS, the Company adopted the 2001 Restatement of the Plan
effective as of January 1, 2001 and the Plan was amended thereafter on four
separate occasions; and

                  WHEREAS, Section 17.1 of the Plan gives the Administrative
Committee of the Plan the authority to amend the Plan; and

                  WHEREAS, the Administrative Committee has determined that it
is in the best interest of the Plan's participants and their beneficiaries that
the Plan be amended as set forth herein.

                  NOW, THEREFORE, pursuant to resolutions adopted by the Plan's
Administrative Committee, the Plan is hereby amended effective as of January 1,
2003, except as specifically provided otherwise herein, as follows:

1.       Subsection 4.2(a) is hereby amended in its entirety to read as follows:

                  "(a) For each Plan Year, the Company will contribute to the
                  Trust Fund: (i) the Salary Savings Contributions elected by
                  Participants pursuant to Section 5.1(a); (ii) the Catch-Up
                  Contributions elected by Participants pursuant to Section
                  5.1(g); and (iii) the Employer Matching Contribution made by
                  the Company pursuant to Section 6.2(b). In addition, for each
                  Plan Year, the Company may, in its sole and

<PAGE>

                  absolute discretion, make the following contributions to the
                  Trust Fund: (i) the ESOP Contribution made to the Plan by the
                  Company pursuant to Section 6.3, if any; (ii) the Qualified
                  Non-Elective Contribution made to the Plan by the Company
                  pursuant to Section 6.5, if any."

2.       Subsection 4.7(a) is hereby amended in its entirety to read as follows:

                  "(a) Except as provided herein and in Section 4.7(c) below,
                  the Trustee will invest Participant's ESOP Contribution
                  Accounts entirely in Company Stock. ESOP Contributions made in
                  the form of Company Stock will remain invested in Company
                  Stock. ESOP Contributions made in cash and other cash received
                  by the Trust will be used to purchase additional shares of
                  Company Stock, within a reasonable period of time after
                  received by the Trust, on the open market at the current
                  market price at the time of purchase. The Administrative
                  Committee may direct the Trustee to hold assets in the
                  Participant's ESOP Contribution Accounts in cash or cash
                  equivalents to the extent necessary to fund distributions and
                  defray reasonable expenses of the Plan."

3.       Effective as of January 1, 2004, Subsection 4.7(d) of the Plan is
hereby amended in its entirety to read as follows:

                  4.7(d) Each Participant shall be entitled to the
                  diversification rights described in subsections (1) and (2) of
                  this section 4.7(d) whichever will yield the greater number of
                  stock to be diversified. Diversification rights shall apply to
                  Company stock allocated to the Participant's ESOP Contribution
                  Account after December 31, 1986.

                                       2

<PAGE>

                           (1)      Each Participant will have the
                                    diversification rights described in this
                                    subsection 4.7(d)(1) beginning with the
                                    first Plan Year in which the Participant has
                                    both attained age thirty-five (35) and has
                                    completed ten (10) years of participation in
                                    the Plan.

                                    (i)      In the Plan Year in which the
                                             Participant has both attained age
                                             thirty-five (35) and completed ten
                                             (10) years of participation in the
                                             Plan, such Participant may elect to
                                             transfer an amount of up to ten
                                             percent (10%) of his applicable
                                             ESOP Contribution Account to the
                                             investment options provided under
                                             the Plan for Participants' Salary
                                             Savings Contribution Accounts.

                                    (ii)     Each Plan Year thereafter, such
                                             Participant may elect to transfer
                                             an additional ten percent (10) of
                                             his applicable ESOP Contribution
                                             Account to the investment options
                                             provided under the Plan for
                                             Participants' Salary Savings
                                             Contribution Accounts. For these
                                             purposes, stock previously
                                             diversified is taken into account
                                             for purposes of determining the
                                             number of shares in the
                                             Participant's applicable ESOP
                                             Contribution Account. The
                                             diversification rights granted in
                                             this subsection (1) are not
                                             cumulative, i.e., if a Participant
                                             does not elect to diversify any
                                             Company stock, or diversifies less
                                             than the number of shares which
                                             such Participant is eligible to
                                             diversify, in a

                                       3

<PAGE>

                                             year in which the Participant is
                                             eligible to do so, he may not
                                             diversify more than ten percent
                                             (10%) of his applicable ESOP
                                             Contribution Account in a
                                             subsequent Plan Year.

                                    (iii)    A diversification election for a
                                             Plan Year must be made in writing
                                             and filed with the Administrative
                                             Committee on or before March 31 of
                                             the following Plan Year.

                           (2)      Each Participant shall have the
                                    diversification rights described in this
                                    subsection 4.7(d)(2) beginning with the
                                    first Plan Year in which the Participant as
                                    both attained age fifty-five (55) and
                                    completed ten (10) years of Participation in
                                    the Plan. For purposes of determining the
                                    number of shares in the Participant's
                                    applicable ESOP Contribution Account, shares
                                    previously diversified pursuant to
                                    subsection 4.7(d)(1) are taken into account.
                                    For purposes of determining shares
                                    previously diversified under this Section
                                    4.7(d)(2), shares diversified pursuant to
                                    subsection 4.7(d)(1) are not taken into
                                    account.

                                    (i)      For each of the first five (5) Plan
                                             Years the Participant may elect to
                                             transfer an amount up to
                                             twenty-five percent (25%) of his
                                             applicable ESOP Contribution
                                             Account, less any amounts
                                             previously diversified under this
                                             Section 4.7(d)(2), to the
                                             investment options provided under
                                             the Plan for Participants' Salary
                                             Savings Contribution Accounts.

                                       4

<PAGE>

                                    (ii)     For the sixth (6th) Plan Year, the
                                             Participant may elect to transfer
                                             an amount up to fifty (50%) of his
                                             applicable ESOP Contribution
                                             Account, less any amounts
                                             previously diversified under this
                                             subsection 4.7(d)(2), to other
                                             investment options provided under
                                             the Plan for Participants' Salary
                                             Savings Contribution Accounts.

                                    (iii)    A diversification election for a
                                             Plan Year must be made in writing
                                             and filed with the Administrative
                                             Committee within ninety (90) days
                                             after the close of such Plan Year.

4.       Subsection 4.7(d) is hereby amended to add a new subsection (3) to read
as follows:

                  "The proceeds resulting from a diversification election shall
                  be transferred to the Participant's Salary Savings
                  Contribution Account."

5.       Subsection 5.1(b) of the Plan is hereby amended in its entirety to read
as follows:

                  "(b) Salary Savings Contributions must be made in whole
                  percentages of the Participant's Compensation. A Participant's
                  combined Salary Savings Contributions and Catch-Up
                  Contributions for any one pay check may not exceed fifty
                  percent (50%) of the gross amount of such pay check."

6.       Section 5.1 of the Plan is hereby amended to add a new subsection (g)
to read as follows:

                  "(g) All employees who are eligible to make Salary Savings
                  Contributions under this Plan and who have attained age 50
                  before the close of a Plan Year shall be eligible to make
                  Catch-Up Contributions in accordance with, and subject to the
                  limitations of, section 414(v) of the Code for such Plan Year.
                  Such Catch-Up Contributions shall not be taken into account
                  for purposes of the provisions of the

                                       5

<PAGE>

                  Plan implementing the required limitations of sections 402(g)
                  and 415 of the Code. The Plan shall not be treated as failing
                  to satisfy the provisions of the Plan implementing the
                  requirements of section 401(k)(3), 401(k)(11), 401(k)(12),
                  410(b), or 416 of the Code, as applicable, by reason of the
                  making of such Catch-Up Contributions. Catch-Up Contributions
                  made by a Participant, together with any earnings thereon,
                  will be held in the Participant's Salary Savings Contribution
                  Account."

7.       Subsection 5.2(a) of the Plan is hereby amended in its entirety to read
as follows:

                  "(a)     The maximum amount of Salary Savings Contributions
                  that a Participant may make in a Plan Year is limited to
                  $12,000 for the Plan Year ending December 31, 2003; said
                  amount to be increased to:

                           (aa)     $13,000 during the Plan Year ending December
                                    31, 2004;

                           (bb)     $14,000 during the Plan Year ending December
                                    31, 2005; and

                           (cc)     $15,000 during the Plan Year ending December
                                    31, 2006.

                  This limitation on Salary Savings Contributions will adjusted
                  annually each year beginning in the Plan Year ending December
                  31, 2007 for increases in the cost of living in accordance
                  with regulations issued by the Internal Revenue Service
                  ("IRS") as provided in Code Section 402(g)."

8.       Section 8.3 of the Plan is hereby amended in its entirety to read as
follows:

                  "Section 8.3. Minimum Distribution Rules.

                  (a)      General Rules.

                           (3)      Effective Date. The provisions of this
                                    Section 8.3 will apply for the purposes of
                                    determining required minimum distributions
                                    for

                                       6

<PAGE>

                                    calendar years beginning with the 2003
                                    calendar year. All of the terms in quotation
                                    marks in this Section 8.3 are defined in
                                    Subsection (e) below.

                           (4)      Coordination with Minimum Distribution
                                    Requirements Previously in Effect. If the
                                    Plan specifies an effective date that is
                                    earlier than calendar years beginning with
                                    the 2003 calendar year, required minimum
                                    distributions for 2002 under this Section
                                    will be determined as follows. If the total
                                    amount of 2002 required minimum
                                    distributions under the Plan made to the
                                    distributee prior to the effective date of
                                    this Section equals or exceeds the required
                                    minimum distributions determined under this
                                    Section, then no additional distributions
                                    will be required to be made for 2002 on or
                                    after such date to the distributee. If the
                                    total amount of 2002 required minimum
                                    distributions under the Plan made to the
                                    distributee prior to the effective date of
                                    this Section is less than the amount
                                    determined after such date will be
                                    determined so that the total amount of
                                    required minimum distributions for 2002 made
                                    to the distributee will be the amount
                                    determined under this Section.

                           (5)      Precedence. The requirements of this Section
                                    will take precedence over any inconsistent
                                    provisions of the Plan.

                           (6)      Requirements of Treasury Regulations
                                    Incorporated. All distributions required
                                    under this Section will be determined and

                                       7

<PAGE>

                                    made in accordance with the Treasury
                                    Regulations under Section 401(a)(9) of the
                                    Code.

                           (7)      TEFRA Section 242(b)(2) Elections.
                                    Notwithstanding the other provisions of this
                                    Section, distributions may be made under a
                                    designation made before January 1, 1984, in
                                    accordance with Section 242(b)(2) of the Tax
                                    Equity and Fiscal Responsibility Act (TEFRA)
                                    and the provisions of the Plan that relate
                                    to Section 242(b)(2) of TEFRA.

                  (b)      Time and Manner of Distribution.

                           (1)      Required Beginning Date. The Participant's
                                    entire interest will be distributed, or
                                    begin to be distributed, to the Participant
                                    no later than the Participant's Required
                                    Beginning Date.

                           (2)      Death of Participant Before Distributions
                                    Begin. If the Participant dies before
                                    distributions begin, the Participant's
                                    entire interest will be distributed, or
                                    begin to be distributed, no later than as
                                    follows:

                                    (iv)     If the Participant's surviving
                                             spouse is the Participant's sole
                                             "designated beneficiary",
                                             distributions to the surviving
                                             spouse will begin by December 31 of
                                             the calendar year immediately
                                             following the calendar year in
                                             which the Participant died, or by
                                             December 31 of the calendar year in
                                             which the Participant would have
                                             attained age seventy and one-half
                                             (70 1/2), if later.

                                       8

<PAGE>

                                    (v)      If the Participant's surviving
                                             spouse is not the Participant's
                                             sole "designated beneficiary",
                                             then, except as provided in Section
                                             14(g), distributions to the
                                             "designated beneficiary" will begin
                                             by December 31 of the calendar year
                                             immediately following the calendar
                                             year in which the Participant died.

                                    (vi)     If there is no "designated
                                             beneficiary" as of September 30 of
                                             the year following the year of the
                                             Participant's death, the
                                             Participant's entire interest will
                                             be distributed by December 31 of
                                             the calendar year containing the
                                             fifth anniversary of the
                                             Participant's death.

                                    (vii)    If the Participant's surviving
                                             spouse is the Participant's sole
                                             "designated beneficiary" and the
                                             surviving spouse dies after the
                                             Participant but before
                                             distributions to the surviving
                                             spouse begin, this Subsection
                                             (b)(2)(iv), other than Subsection
                                             (b)(2)(i), will apply as if the
                                             surviving spouse were the
                                             Participant.

                                    For purposes of Subsections (b)(2) and (2)
                                    of this Section 8.3, unless Subsection
                                    (b)(2)(iv) applies, distributions are
                                    considered to begin on the Participant's
                                    Required Beginning Date. If Subsection
                                    (b)(2)(iv) applies, distributions are
                                    considered to begin on the date
                                    distributions are required to begin to the
                                    surviving spouse under Subsection (b)(2)(i).
                                    If distributions under an annuity purchased

                                       9

<PAGE>

                                    from an insurance company irrevocably
                                    commence to the Participant before the
                                    Participant's Required Beginning Date (or to
                                    the Participant's surviving spouse before
                                    the date distributions are required to begin
                                    to the surviving spouse under Subsection
                                    (b)(2)(i), the date distributions are
                                    considered to begin is the date
                                    distributions actually commence.

                           (3)      Forms of Distribution. Unless the
                           Participant's interest is distributed in the form of
                           an annuity purchased from an insurance company or in
                           a single sum on or before the Required Beginning
                           Date, as of the first "distribution calendar year"
                           distributions will be made in accordance with
                           Subsections (c) and (d) of this Section 8.3. If the
                           Participant's interest is distributed in the form of
                           an annuity purchased from an insurance company,
                           distributions hereunder will be made in accordance
                           with the requirements of Section 401(a)(9) of the
                           Code and the Treasury Regulations.

                  (c)      Required Minimum Distributions During Participant's
Lifetime.

                           (1)      Amount of Required Minimum Distribution For
                           Each Distribution Calendar Year. During the
                           Participant's lifetime, the minimum amount that will
                           be distributed for each "distribution calendar year"
                           is the lesser of:

                                    (i)      the quotient obtained by dividing
                                    the "participant's account balance" by the
                                    distribution period in the Uniform Lifetime
                                    Table set forth in Section 1.401(a)(9)-9 of
                                    the Treasury Regulations,

                                       10

<PAGE>

                                    using the Participant's age as of the
                                    Participant's birthday in the "distribution
                                    calendar year"; or

                                    (ii)     if the Participant's sole
                                    "designated beneficiary" for the
                                    "distribution calendar year" is the
                                    Participant's spouse, the quotient obtained
                                    by dividing the "participant's account
                                    balance" by the number in the Joint and Last
                                    Survivor Table set forth in Section
                                    1.401(a)(9)-9 of the Treasury Regulations,
                                    using the Participant's and spouse's
                                    attained ages as of the Participant's and
                                    spouse's birthdays in the "distribution
                                    calendar year".

                           (2)      Lifetime Required Minimum Distributions
                           Continue Through Years of Participant's Death.
                           Required minimum distributions will be determined
                           under this Subsection (c) beginning with the first
                           "distribution calendar year" and up to and including
                           the "distribution calendar year" that includes the
                           Participant's date of death.

                           (3)      Election to Allow Participants or
                           Beneficiaries to Elect 5-Year Rule.

                                    Notwithstanding the above, Participants or
                                    beneficiaries may elect on an individual
                                    basis whether the 5-year rule or the "life
                                    expectancy" rule applies to distributions
                                    after the death of a Participant who has a
                                    "designated beneficiary". The election must
                                    be made no later than the earlier of
                                    September 30 of the calendar year in which
                                    distribution would be required to begin
                                    hereunder, or by September 30 of the
                                    calendar year which contains the fifth

                                       11

<PAGE>

                                    anniversary of the Participant's (or, if
                                    applicable, surviving spouse's) death. If
                                    neither the Participant nor beneficiary
                                    makes an election under this paragraph,
                                    distributions will be made in accordance
                                    with Subsections 8.3 (b)(2) and (d)(2).

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

                           (1)      Death On or After Date Distributions Begin

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

                                             (aa) The Participant's remaining
                                             "life expectancy" is calculated
                                             using the date of the Participant
                                             in the year of death, reduced by
                                             one for each subsequent year.

                                             (bb) If the Participant's surviving
                                             spouse is the Participant's sole
                                             "designated beneficiary", the
                                             remaining "life expectancy" of the
                                             surviving spouse is calculated for
                                             each "distribution calendar year"
                                             after the year of the

                                       12

<PAGE>
                                             Participant's death using the
                                             surviving spouse's age as of the
                                             spouse's birthday in that year. For
                                             "distribution calendar years" after
                                             the year of the surviving spouse's
                                             death, the remaining "life
                                             expectancy" of the surviving spouse
                                             is calculated using the date of the
                                             surviving spouse as of the spouse's
                                             birthday in the calendar year of
                                             the spouse's death, reduced by one
                                             for each subsequent calendar year.

                                             (cc) If the Participant's surviving
                                             spouse is not the Participant's
                                             sole "designated beneficiary", the
                                             "designated beneficiary's"
                                             remaining "life expectancy" is
                                             calculated using the age of the
                                             beneficiary in the year following
                                             the year of the Participant's
                                             death, reduced by one for each
                                             subsequent year.

                                    (ii)     No Designated Beneficiary. If the
                                             Participant dies on or after the
                                             date distributions begin and there
                                             is no "designated beneficiary" as
                                             of September 30 of the year after
                                             the year of the Participant's
                                             death, the minimum amount that will
                                             be distributed for each
                                             "distribution calendar year" after
                                             the year of the Participant's death
                                             is the quotient obtained by
                                             dividing the "participant's account
                                             balance" by the Participant's
                                             remaining "life expectancy"

                                       13

<PAGE>
                                             calculated using the age of the
                                             Participant in the year of death,
                                             reduced by one for each subsequent
                                             year.

                           (2)      Death Before Date Distributions Begin.

                                    (i)      Participant Survived by Designated
                                             Beneficiary. Except as provided in
                                             the Plan, if the Participant dies
                                             before the date distributions begin
                                             and there is a "designated
                                             beneficiary", the minimum amount
                                             that will be distributed for each
                                             "distribution calendar year" after
                                             the year of the Participant's death
                                             is the quotient obtained by
                                             dividing the "participant's account
                                             balance" by the remaining "life
                                             expectancy" of the participant's
                                             "designated beneficiary",
                                             determined as provided in
                                             Subsection (d)(1).

                                    (ii)     No Designated Beneficiary. If the
                                             Participant dies before the date
                                             distributions begin and there is no
                                             "designated beneficiary" as of
                                             September 30 of the year following
                                             the year of the Participant's
                                             death, distribution of the
                                             Participant's entire interest will
                                             be completed by December 31 of the
                                             calendar year containing the fifth
                                             anniversary of the Participant's
                                             death.

                                    (iii)    Death of Surviving Spouse Before
                                             Distributions to Surviving Spouse
                                             Are Required to Begin. If the
                                             Participant dies before the date
                                             distributions begin, the
                                             Participant's surviving spouse is
                                             the Participant's sole "designated

                                       14

<PAGE>

                                             beneficiary", and the surviving
                                             spouse dies before distributions
                                             are required to begin to the
                                             surviving spouse under Subsection b
                                             (2)(i) herein, this Subsection
                                             (d)(2) will apply as if the
                                             surviving spouse were the
                                             Participant.

                  (e)      Definitions.

                           (1)      Designated beneficiary means the individual
                                    who is designated as the beneficiary under
                                    the Plan and is the "designated beneficiary"
                                    under Section 401(a)(9) of the Code and
                                    Section 1.401(a)(9)-1, Q&A-4, of the
                                    Treasury Regulations.

                           (2)      Distribution calendar year means a calendar
                                    year for which a minimum distribution is
                                    required. For distributions beginning before
                                    the Participant's death, the first
                                    "distribution calendar year" is the calendar
                                    year immediately preceding the calendar
                                    year, which contains the Participant's
                                    Required Beginning Date. For distributions
                                    beginning after the Participant's death, the
                                    first "distribution calendar year" is the
                                    calendar year in which distributions are
                                    required to begin under Subsection (b)(2)
                                    herein. The required minimum distribution
                                    for the Participant's first "distribution
                                    calendar year" will be made on or before the
                                    Participant's Required Beginning Date. The
                                    required minimum distribution for other
                                    "distribution calendar years", including the
                                    required minimum distribution for the
                                    "distribution calendar year" in which the
                                    Participant's required beginning date
                                    occurs, will be

                                       15

<PAGE>

                                    made on or before December 31 of that
                                    "distribution calendar year".

                           (3)      Life expectancy means "life expectancy" as
                                    computed by use of the Single Life Table in
                                    Section 1.401(a)(9)-9 of the Treasury
                                    Regulations.

                           (4)      Participant's account balance means the
                                    account balance as of the last valuation
                                    date in the calendar year immediately
                                    preceding the "distribution calendar year"
                                    (valuation calendar year) increased by the
                                    amount of any contributions made and
                                    allocated or Forfeitures allocated to the
                                    account balance as of dates in the valuation
                                    calendar year after the valuation date and
                                    decreased by distributions made in the
                                    valuation calendar year after the valuation
                                    date. The account balance for the valuation
                                    calendar year includes any amounts rolled
                                    over or transferred to the Plan either in
                                    the valuation calendar year or in the
                                    "distribution calendar year" if distributed
                                    or transferred in the valuation calendar
                                    year."

9.       Article VIII is hereby amended to add a new Section 8.16 to read as
follows:

                  "8.16 Divorce and Prior Beneficiary Designations. Unless
                  specifically provided otherwise in a QDRO, in the event of a
                  final divorce decree, any prior designation of his or her
                  ex-spouse by a Participant shall be null and void."

10.      Effective as of October 1, 2003, Sections 9.1, 9.2 and 9.3 of the Plan
are hereby deleted in their entirety.

11.      Section 9.5 of the Plan is hereby amended to add a new subsection (c)
to read as follows:

                                       16

<PAGE>
                  "(c) Direct Rollovers will be made in the form of cash absent
                  specific directions from the Participant or Beneficiary that
                  all or some portion of his or her nonforfeitable accrued
                  benefit under the Plan be distributed in the form of Company
                  Stock."

12.      Section 9.6 of the Plan is hereby amended in its entirety to read as
follows:

                  "9.6 Distribution of Company Stock. Distribution of a
                  Participant's accrued benefit will be made in cash, provided,
                  however, that if a Participant or Beneficiary so demands, such
                  benefit shall be distributed in the form of whole shares of
                  Company Stock, plus cash in lieu of fractional shares. If a
                  Participant or Beneficiary makes such a demand, any cash
                  balance in his or her Accounts shall be applied to acquire the
                  maximum number of whole shares of Company Stock at the then
                  fair market value. Any remaining balance shall be distributed
                  in cash."

13.      Subsection 11.3(d) of the Plan is hereby amended in its entirety to
read as follows:

                  "(d) The sole and absolute discretion to interpret and
                  administer the Plan, to determine eligibility for benefits,
                  and to decide all questions which may arise or which may be
                  raised under this Plan. The decisions of the Administrative
                  Committee shall be binding upon all persons to the maximum
                  extent permitted under ERISA."

14.      Section 11.3 of the Plan is hereby amended to add a new subsection (g)
to read as follows:

                  "(g) The sole and absolute authority to review and settle all
                  claims for benefits or otherwise against the Plan, including
                  claims where the settlement amount cannot be calculated under
                  the Plan's benefit formula. This authority permits the

                                       17

<PAGE>
                  Administrative Committee to settle, in a compromised fashion,
                  disputed claims for benefits and any other disputed claims
                  made against the Plan."

15.      Subsection 11.10 (b) of the Plan is hereby amended in its entirety to
read as follows:

                  "(b) It is anticipated that the expenses incurred in the
                  administration of the Plan, including but not limited to the
                  expenses incurred by members of the Administrative Committee
                  in exercising their duties, shall be borne by the Company.
                  However, the Plan will pay for any such expense that it may
                  properly bear under applicable federal laws and regulations,
                  if such expense is not paid by the Company

16.      Section 13.4 of the Plan is hereby amended to add a new subsection (c)
to read as follows:

                  "(c) The Administrative Committee has the sole and absolute
                  discretion to determine if there has been a partial
                  termination of the Plan."

17.      Section 16.7 of the Plan is hereby amended in its entirety to read as
follows:

                  "16.7 Loans. The Administrative Committee has the sole and
                  absolute discretion to adopt a Participant Loan Policy and to
                  amend the same from time to time as it deems it appropriate.
                  If the Administrative Committee adopts a Participant Loan
                  Policy, the Plan may make loans to Participants pursuant to
                  the then current terms of such policy."

18.      Section 17.1 of the Plan is hereby amended in its entirety to read as
follows:

                  "17.1 Amendments. The Plan may be amended at any time by
                  action of the Administrative Committee; however, any amendment
                  which would (i) increase the cost of administering the Plan,
                  (ii) terminate the Plan, (iii) increase or cease

                                       18

<PAGE>

                  benefit accruals or contributions under the Plan, (iv) effect
                  a provision which materially affects the rights of
                  Participants and Beneficiaries, (v) expand the Administrative
                  Committee's right to amend the Plan, or (vi) otherwise
                  significantly alter the Company's rights, liabilities and
                  burdens with respect to the Plan shall be subject to review
                  and approval by the Board of Directors. However, except as
                  otherwise permitted by law, no amendment shall be made the
                  effect of which would be:

                           (a)      To cause any assets of the Plan, at any time
                                    prior to the satisfaction of all liabilities
                                    with respect to Participants and their
                                    Beneficiaries, to be used for or diverted to
                                    purposes other than:

                                    (i)      Providing benefits to the
                                             Participants and their
                                             Beneficiaries, and

                                    (ii)     Defraying reasonable expenses of
                                             administering the Plan;

                           (b)      To increase or alter the responsibilities of
                                    a Trustee or an Investment Manager without
                                    its written consent; or

                           (c)      To have any retroactive effect so as to
                                    decrease the accrued benefit of any
                                    Participant (within the meaning of Section
                                    411(d)(6) of the Code)."

19.      In adopting this Amendment, the Company's intent is to maintain the
qualified status of the Plan and the tax exemption of its related trust under
the Code. Accordingly, the provisions of this Amendment shall be interpreted in
a manner consistent with the continued qualification of

                                       19

<PAGE>

the Plan and the tax exemption of the trust. Additionally, nothing in this
Amendment shall be deemed or be applied to reduce or eliminate any benefit that
is protected under section 411(d)(6) of the Code or the corresponding provisions
of Title I of the Employee Retirement Income Security Act of 1974. The approval
and adoption of this amendment is conditioned upon receipt of a determination
letter from the Internal Revenue Service that the Plan, as amended herein, meets
the requirements of Section 401(a) of the Internal Revenue Code of 1986, as
amended.

IN WITNESS WHEREOF, the Administrative Committee of the Westcorp Employee Stock
Ownership Plan and Salary Savings Plan has adopted this Amendment No. Five on
the 27th day of May, 2003.

                                ADMINISTRATIVE COMMITTEE OF THE
                                WESTCORP EMPLOYEE STOCK OWNERSHIP
                                PLAN AND SALARY SAVINGS PLAN

                                By :___________________________________________
                                      Shaunna Monticelli, Chairman
                                      Administrative Committee
                                      Westcorp Employee Stock Ownership Plan
                                      and Salary Savings Plan

                                       20

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00057-of-00352.parquet"}]]