{"id":39952,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/first-amendment-to-edcp-hewlett-packard.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"first-amendment-to-edcp-hewlett-packard","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/compensation\/first-amendment-to-edcp-hewlett-packard.html","title":{"rendered":"First Amendment to EDCP – Hewlett-Packard"},"content":{"rendered":"

FIRST AMENDMENT TO THE HEWLETT-PACKARD
\nCOMPANY<\/strong><\/p>\n

EXECUTIVE DEFERRED COMPENSATION PLAN<\/strong><\/p>\n

(Amended and restated effective October 1,
\n2004)<\/strong><\/p>\n

\n

The Hewlett-Packard Company Executive Deferred Compensation Plan, as amended
\nand restated effective October 1, 2004, is hereby amended, effective December 1,
\n2010, to provide as follows:<\/p>\n<\/p>\n

1. The fourth and fifth sentence of Section 8.1 of the Plan shall be amended
\nin their entirety to read as follows:<\/p>\n<\/p>\n

“The Plan Committee (or its delegate) shall have sole discretion to determine
\nwhether to approve any hardship withdrawal, which amount will be limited to the
\namount necessary to meet the emergency and is subject to a minimum of $10,000.
\nThe decision of the Plan Committee (or its delegate) will be final and binding
\non all interested parties.”<\/p>\n<\/p>\n

2. Section 11.2 of the Plan shall be amended in its entirety to read as
\nfollows:<\/p>\n<\/p>\n

“11.2 Rules; Claims for Benefits<\/u>. The Plan Committee shall adopt and
\nestablish such rules and regulations with respect to the administration of the
\nPlan as it deems necessary and appropriate, including procedures regarding a
\nclaim for benefits under the Plan by a Participant or Beneficiary. To the extent
\nrequired by law, completion of such claims procedures shall be a mandatory
\nprecondition that must be complied with prior to commencement of a legal or
\nequitable action by a person claiming rights under the Plan. The Plan Committee
\nand the claimant may by mutual agreement waive the procedures as a mandatory
\ncondition to such action. In no event shall the claims procedure be applied to
\ncircumvent or have the effect of modifying either the manner of payment or the
\ntime of commencement of payment under the terms of the Plan.”<\/p>\n<\/p>\n

3. Section 19 of the Plan (“Qualified Domestic Relations Orders”) shall be
\ndeleted.<\/p>\n<\/p>\n

4. A new Section 21.33 shall be added to the Plan to read as follows:<\/p>\n<\/p>\n

“21.33 Plan Committee<\/u> means the committee to which the Committee
\ndelegates certain authority to act on various compensation and benefit matters.”\n<\/p>\n<\/p>\n

This First Amendment to the Hewlett-Packard Company Executive Deferred
\nCompensation Plan is hereby adopted effective May 26, 2011.<\/p>\n<\/p>\n

\n\n\n\n\n\n\n\n\n
\n<\/td>\n\n

HEWLETT-PACKARD COMPANY<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n<\/td>\n\n<\/td>\n<\/tr>\n
\n<\/td>\n\n

By:<\/p>\n<\/td>\n

\n

\/s\/ Tracy S. Keogh<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n

Tracy S. Keogh<\/p>\n<\/td>\n<\/tr>\n

\n<\/td>\n\n<\/td>\n\n

Executive Vice President, Human Resources<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7770],"corporate_contracts_industries":[9508],"corporate_contracts_types":[9539,9542],"class_list":["post-39952","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-hewlett-packard-co","corporate_contracts_industries-technology__hardware","corporate_contracts_types-compensation","corporate_contracts_types-compensation__deferred"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/39952","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=39952"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=39952"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=39952"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=39952"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}