Amendment No. 4 to the Applied Materials, Inc. Executive Deferred Compensation Plan

Summary

Applied Materials, Inc. amends its Executive Deferred Compensation Plan, effective December 31, 2004, to freeze the plan. No new participants can join and no further compensation deferrals are allowed after this date. Existing participant accounts will be maintained and distributed according to the plan's terms unless the plan is terminated earlier. This amendment is executed by an authorized company officer.

EX-10.47 5 f15204exv10w47.htm EXHIBIT 10.47 exv10w47

Exhibit 10.47

AMENDMENT NO. 4 TO THE
APPLIED MATERIALS, INC.
EXECUTIVE DEFERRED COMPENSATION PLAN

APPLIED MATERIALS, INC., having adopted the Applied Materials, Inc. Executive Deferred Compensation Plan (the “Plan”) effective as of July 1, 1993, amended and restated the Plan in its entirety effective as of April 1, 1995, and amended the restated Plan on three subsequent occasions, hereby again amends the restated Plan, effective as of December 31, 2004, as follows:

1. Section 9.1 is amended by deleting the last sentence thereof.

2. A new Section 9.4 is added immediately after Section 9.3 to read as follows:

“9.4 Freezing of Plan. Notwithstanding any contrary Plan provision, the Plan is frozen effective as of December 31, 2004. After December 31, 2004, no new Participants will be admitted to the Plan, and Compensation Deferrals will be discontinued. Each Participant’s Account will continue to be maintained until it has been distributed to him or her (or, in the event of death, the Participant’s Beneficiary) in accordance with the provisions of the Plan, unless the Plan is terminated at an earlier time pursuant to this Section 9.”

IN WITNESS WHEREOF, Applied Materials, Inc., by its duly authorized officer, has executed this Amendment No. 4 to the restated Plan effective as of the date specified above.


	APPLIED MATERIALS, INC.
	By:	/s/ Robert G. Hartley
		Title: Vice President,
		Compensation & Benefits