Second Amendment to the Amgen Nonqualified Deferred Compensation Plan (2013, as Amended)
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Summary
This amendment, effective January 1, 2020, modifies the Amgen Nonqualified Deferred Compensation Plan. It removes Section 3.1(d) and updates Section 8.5 to clarify that if a participant's petition for payout is approved, their deferrals for the rest of the year are canceled, and future deferrals must follow specific procedures. The amendment is executed by Amgen Inc. through its Executive Vice President of Human Resources.
EX-10.21 12 a1021-secondamendmentt.htm SECOND AMENDMENT TO NONQUALIFIED DEFERRED COMPENSATION PLAN Exhibit
SECOND AMENDMENT TO THE
AMGEN NONQUALIFIED DEFERRED COMPENSATION PLAN
AS AMENDED AND RESTATED EFFECTIVE OCTOBER 16, 2013
The Amgen Nonqualified Deferred Compensation Plan, as Amended and Restated Effective October 16, 2013 (the “Plan”), is hereby amended, effective January 1, 2020, as follows:
1. | Section 3.1(d) is deleted in its entirety. |
2. | Section 8.5 is amended by deleting the fourth sentence thereof and replacing it with the following: |
In addition, if the petition for payout is approved, the Participant’s deferrals for the remainder of the Plan Year shall be canceled effective as of the date of such approval. Any deferral for a subsequent Plan Year must be made in accordance with Section 3.2.
To record this Second Amendment to the Plan as set forth herein, the Company has caused its authorized officer to execute this document this 23rd day of October, 2019.
AMGEN INC.
By: | /s/ Lori A. Johnston |
Name: Lori A. Johnston Title: Executive Vice President, Human Resources |