Amendment No. 4 and No. 6 to the CBS Bonus Deferral Plan for Designated Senior Executives

Summary

CBS has amended its Bonus Deferral Plan for Designated Senior Executives, effective July 1, 2019. The amendments clarify that, from this date, the term "Investment Options" in the plan refers to the investment funds available under the CBS 401(k) Plan, but specifically excludes the Self-Directed Brokerage Account. These changes apply to both the 2005 and 2009 versions of the plan. The amendments affect how deferred bonuses can be invested by eligible senior executives.

EX-10.B 3 cbs_ex10b-033119.htm EXHIBIT 10.B Exhibit

Exhibit 10(b)

AMENDMENT No. 4 TO THE CBS BONUS DEFERRAL PLAN

FOR DESIGNATED SENIOR EXECUTIVES

PART A – AMENDMENT AND RESTATEMENT AS OF DECEMBER 31, 2005 (THE “PLAN”)

Except as otherwise noted herein, the following amendments shall be effective as of July 1, 2019:


1.	Section 2.10 of the Plan is hereby amended to add the following at the end thereof:

Notwithstanding anything herein to the contrary, effective as of July 1, 2019, the term “Investment Options” means the investment funds available to the CBS 401(k) Plan, excluding the Self-Directed Brokerage Account.

AMENDMENT No. 6 TO THE CBS BONUS DEFERRAL PLAN

FOR DESIGNATED SENIOR EXECUTIVES

PART B – AMENDMENT AND RESTATEMENT AS OF JANUARY 1, 2009 (THE “PLAN”)

Except as otherwise noted herein, the following amendments shall be effective as of July 1, 2019:


1.	Section 2.17 of the Plan is hereby amended to add the following at the end thereof: