Second Amendment to McDonald’s Corporation Amended and Restated 2001 Omnibus Stock Ownership Plan
This amendment updates the McDonald’s Corporation 2001 Omnibus Stock Ownership Plan, effective February 9, 2011. It clarifies that awards under the plan cannot be transferred, sold, or assigned except by will or inheritance laws. However, participants may designate a beneficiary to receive their awards after death. All other terms of the plan remain unchanged.
Exhibit (10)(h)(ii)
Second Amendment to the McDonald’s Corporation
Amended and Restated 2001 Omnibus Stock Ownership Plan
The McDonald’s Corporation Amended and Restated 2001 Omnibus Stock Ownership Plan (the “Plan”), is amended, effective as of February 9, 2011, as set forth below.
Section 8 of the Plan is amended to read in its entirety as follows:
No Award granted hereunder shall be assigned, encumbered, pledged, sold, transferred, or otherwise disposed of other than by will or the laws of descent and distribution; provided however, that a Grantee may designate in writing a beneficiary to exercise or hold, as applicable, his or her Award after such Grantee’s death. In the case of a holder after the Grantee’s death, an Award shall be transferable solely by will or by the laws of descent and distributions.
Except as amended above, the Plan shall remain in full force and effect.
