Amendment No. 1 to the Retirement Savings Plan for Certain Employees of Vencor and Its Affiliates
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Summary
This amendment updates the Retirement Savings Plan for Certain Employees of Vencor and its Affiliates. It allows employees to make hardship withdrawals from their retirement savings to cover funeral expenses for a spouse or legal dependent, provided the plan committee determines the expenses are an immediate and heavy financial need. The amendment is effective as of its adoption on September 26, 2000.
EX-10.9 9 0009.txt AM. NO 1 RETIREMENT SAVINGS PLAN VENCOR AND ASSOC EXHIBIT 10.9 AMENDMENT NO. 1 TO THE RETIREMENT SAVINGS PLAN FOR CERTAIN EMPLOYEES OF VENCOR AND ITS AFFILIATES This is Amendment No. 1 to the Retirement Savings Plan For Certain Employees of Vencor and Its Affiliates (the "Plan") as amended and restated as of March 1, 2000, which Amendment shall be effective as of the date of its adoption. RECITAL ------- WHEREAS, Vencor, Inc. (the "Company") maintains the Plan and has reserved the right in Section 9.1 of the Plan to amend the Plan from time to time in its discretion. WHEREAS, the Company now wishes to amend the Hardship Withdrawal provisions of the Plan to allow withdrawal for funeral expenses of a spouse or legal dependent. AMENDMENT TO SECTION 6.1(b) ---------------------------- Section 6.1(b) of the Plan is hereby amended by adding an additional paragraph (6) which shall read in its entirety as follows: (6) expenses for the funeral of the spouse or legal dependent of a Participant, provided the Committee determines, based on all facts and circumstances, that the funeral expenses constitute an immediate and heavy financial need of the Participant. IN WITNESS WHEREOF, this Amendment No. 1 is hereby adopted this 26th day of September, 2000. By: /s/ Owen E. Dorsey ------------------ Title: Chief Administrative Officer ----------------------------