First Amendment to Advanced Medical Optics, Inc. Executive Deferred Compensation Plan (10/21/2003)

Contract Categories: Human Resources › Compensation Agreements
Summary

This amendment updates the Advanced Medical Optics, Inc. Executive Deferred Compensation Plan to allow for the distribution of certain after-tax amounts to participants. Specifically, if amounts credited to a participant's deferral account were already reported as taxable income under the Allergan EDCP, those amounts (adjusted for investment losses but not gains) will be paid out as soon as possible. The amendment is effective as of September 24, 2003, and is executed by Advanced Medical Optics, Inc.

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EX-10.4 6 dex104.htm 1ST AMENDMENT TO AMO, DATED 10/21/2003 1st Amendment to AMO, Dated 10/21/2003

EXHIBIT 10.4

 

FIRST AMENDMENT

TO

ADVANCED MEDICAL OPTICS, INC.

EXECUTIVE DEFERRED COMPENSATION PLAN

 

The ADVANCED MEDICAL OPTICS, INC. EXECUTIVE DEFERRED COMPENSATION PLAN (the “Plan”) is hereby amended as follows:

 

I. Article XII is amended by adding the following Section 12.5:

 

12.5    Payment of After-Tax Amounts

 

Notwithstanding any other provision of the Plan, any amounts credited to a Participant’s Deferral Account, as decreased for net investment losses but not increased for net investment gains, that were reported as taxable income to the Participant in the year credited under the Allergan EDCP shall be distributed to such Participant as soon as administratively practicable.

 

II. This First Amendment shall be effective as of September 24, 2003.

 

III. IN WITNESS WHEREOF, Advanced Medical Optics, Inc. hereby executes this First Amendment to the Advanced Medical Optics, Inc. Executive Deferred Compensation Plan on this 21st day of October, 2003.

 

ADVANCED MEDICAL OPTICS, INC.
By:  

/s/ AIMEE S. WEISNER

 
   

Aimee Weisner

Corporate Vice President, General Counsel, and Secretary