Third Amendment to McDonald's Profit Sharing Program (Boston Market Employees Service Credit)

Contract Categories: Human Resources › Profit Sharing Plans
Summary

This amendment to the McDonald's Profit Sharing Program, effective March 1, 2001, allows employees who joined McDonald's through the acquisition of Boston West, L.L.C. and its affiliates (including Boston Market Corporation) to receive credit for their prior service with Boston West, Boston Market, or Platinum after June 30, 1998. The Plan Administrator will use available records or make good faith estimates to determine credited service hours. All other terms of the Profit Sharing Program remain unchanged.

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EX-10.(B)(III) 3 dex10biii.txt 3RD AMENDMENT TO PROFIT SHARING PROGRAM Exhibit (10)(b)(iii) Third Amendment to the Mcdonald's Profit Sharing Program The McDonald's Profit Sharing Program, as amended and restated effective November 1, 1998 (the "Program"), and amended thereafter effective June 1, 2000 and January 1, 2001 is hereby further amended, effective March 1, 2001 as follows: I. Effective, March 1, 2001, a new subparagraph shall be added to the end of Section 1.31(b) to read as follows: (9) Each individual who became an Employee of Boston Market Corporation, as a result of the acquisition of Boston West, L.L.C. and its affiliates ("Boston West") as of December 27, 2000, shall be credited with Hours of Service under the Program as of March 1, 2001, for their service with Boston West, Boston Market or Platinum for periods after June 30, 1998 to the date such individual first became an Employee. In determining the Hours of Service to be credited to Employees who receive credit for Hours of Service as a result of the acquisition of Boston West, the Plan Administrator shall rely on available information and, as necessary, shall make good faith estimates based upon available information and records. II. Except as herein amended, the Plan shall remain in full force and effect. Executed as of this 21st day of March 2001. McDONALD'S CORPORATION By: /s/ Stanley R. Stein ----------------------------- Stanley R. Stein Executive Vice President