Fifth Amendment to Alliance Data Systems 401(k) and Retirement Savings Plan (as Amended and Restated January 1, 2008)

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment, effective June 1, 2011, updates the Alliance Data Systems 401(k) and Retirement Savings Plan. It clarifies that employees of Aspen Marketing Holdings, Inc. and certain acquired subsidiaries of Equifax, Inc. will have their prior service under their former employers' 401(k) plans recognized for eligibility and vesting purposes, provided they were hired by specific dates. The amendment is executed by ADS Alliance Data Systems, Inc.

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EX-10.60 6 exhibit_10-60.htm EXHIBIT 10.60 exhibit_10-60.htm
Exhibit 10.60

FIFTH AMENDMENT TO
THE ALLIANCE DATA SYSTEMS 401(k) AND RETIREMENT SAVINGS PLAN
(amended and restated as of January 1, 2008)


ADS Alliance Data Systems, Inc. hereby adopts this Amendment No. 5 to the Alliance Data Systems 401(k) and Retirement Savings Plan, amended and restated as of January 1, 2008 (the “Plan”), effective as of June 1, 2011.

1.  
Appendix A of the Plan shall be amended by adding the following new language at the end thereof:

Employing Company
  
Years of Eligibility
  
Years of Vesting
         
Aspen Marketing Holdings, Inc. (“Aspen”)
  
All service recognized for this purpose under Aspen’s 401(k) Plan, but only if hired by the Company as of June 1, 2011.
  
All service recognized for this purpose under Aspen’s 401(k) Plan, but only if hired by the Company as of June 1, 2011.
         
Acquired Subsidiaries of Equifax, Inc. (“Equifax”)
  
All service recognized for this purpose under the 401(k) plan previously sponsored by Equifax, but only if hired by the Company as of July 1, 2010, or such later date provided in the Purchase Agreement.
  
All service recognized for this purpose under the 401(k) plan previously sponsored by Equifax, but only if hired by the Company as of July 1, 2010, or such later date provided in the Purchase Agreement.


IN WITNESS WHEREOF, this amendment has been executed on this 1st day of June, 2011, but effective as provided above.


ADS ALLIANCE DATA SYSTEMS, INC.

By:  /s/ Calvin Hilton