Third Amendment to the Hewlett-Packard Company Excess Benefit Retirement Plan
This amendment to the Hewlett-Packard Company Excess Benefit Retirement Plan, effective May 1, 2004, clarifies how unpaid retirement benefit payments are distributed if a participant dies before receiving them. Payments will go to the participant's spouse or domestic partner, then to children, parents, siblings, or the estate, in that order. The company will determine domestic partner status in a consistent and fair manner. The amendment was adopted on April 21, 2004, and signed by an executive vice president of Hewlett-Packard.
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Exhibit 10(u)
THIRD AMENDMENT
TO THE
HEWLETT-PACKARD COMPANY EXCESS BENEFIT RETIREMENT PLAN
The Hewlett-Packard Company Excess Benefit Retirement Plan (the "Plan") is amended in the following respect, effective May 1, 2004:
1. New paragraph 9(i) is added to read as follows:
(i) Unpaid Payments. If any payment due to a person remains unpaid at his or her death, the payment will be made to (i) that person's spouse; (ii) if no spouse is living at the time of such payment, then his or her living children, in equal shares; (iii) if neither a spouse nor children are living, then his or her living parents, in equal shares; (iv) if neither spouse, nor children, nor parents are living, then his or her living brothers and sisters, in equal shares; (v) in none of the individuals described in (i) through (iv) are living, to his or her estate. A person's domestic partner shall be considered a person's spouse for purposes of this paragraph. The Company shall determine a person's status as a domestic partner in a uniform and nondiscriminatory manner. Such a determination shall be binding and conclusive on all parties.
This Third Amendment is hereby adopted this 21st day of April, 2004.
| HEWLETT-PACKARD COMPANY | ||||
By | /s/ MARCELA PEREZ DE ALONSO Marcela Perez de Alonso Executive Vice President Human Resources and Workforce Development | |||
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- Exhibit 10(u)
