Second Amendment to Boston Scientific Corporation 401(k) Retirement Savings Plan (2011 Restatement)

Summary

Boston Scientific Corporation is amending its 401(k) Retirement Savings Plan to address an operational error in the loan program. This amendment, effective January 1, 2010, allows certain employees to repay 401(k) loans through deductions from their severance pay, but only for the year 2010 and for individuals identified by the plan committee. The amendment is executed by the company's authorized officers.

EX-10.2 3 exhibit102-q2201210xq.htm 2ND AMENDMENT 401K Exhibit 10.2 - Q2 2012 10-Q

EXHIBIT 10.2

SECOND AMENDMENT OF

BOSTON SCIENTIFIC CORPORATION

401(k) RETIREMENT SAVINGS PLAN

(2011 Restatement)

This Second Amendment of Boston Scientific Corporation 401(k) Retirement Savings Plan (2011 Restatement) (the "Plan") is adopted by Boston Scientific Corporation (the "Company").

Background

A.The Company established the Plan effective January 1, 1987 and most recently restated it in its entirety effective January 1, 2011.

B.The Plan has been amended by a First Amendment.

C.The Company now wishes to amend the Plan further to correct an operational error related to the loan program.

Amendment

Therefore, the Plan is amended effective January 1, 2010 to add a new Section 10.9 to read as follows:

10.9. Special Loan Provisions. In 2010 only, loans may be repaid by deductions from severance pay that is paid to individuals identified by the Committee in an attachment to the Committee's rules and procedures for implementing this Article.

Boston Scientific Corporation has caused this Second Amendment of Boston Scientific Corporation 401(k) Retirement Savings Plan (2011 Restatement) to be signed by its duly authorized officers this ______ day of _________________, 2012.

BOSTON SCIENTIFIC CORPORATION

By:

Signature

Printed

Title