Second Amendment to the Profit Participation Plan of Moody's Corporation

Contract Categories: Human Resources › Profit Sharing Plans
Summary

This amendment updates Moody's Corporation's Profit Participation Plan to comply with recent legal requirements. It incorporates changes mandated by the Economic Growth and Tax Reconciliation Act of 2001, as well as updates to regulations under Sections 401(a)(9) and 401(a)(31)(B) of the Internal Revenue Code. The amendments are effective as of January 1, 2002, with specific compliance deadlines tied to plan years ending in 2002, 2003, and 2005. The amendment ensures the plan remains in line with federal law.

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EX-10.45 4 d256898dex1045.htm SECOND AMENDMENT TO THE PROFIT PARTICIPATION PLAN OF MOODY'S CORPORATION Second Amendment to the Profit Participation Plan of Moody's Corporation

Exhibit 10.45

SECOND AMENDMENT TO THE PROFIT PARTICIPATION PLAN OF MOODY’S CORPORATION

The Profit Participation Plan of Moody’s Corporation is hereby amended, effective as of January 1, 2002, to cover the following law provisions:

 

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The changes to the Plan required to comply with the requirements of the Economic Growth and Tax Reconciliation Act of 2001 are incorporated by the end of the 2002 Plan Year.

 

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The changes required to reflect the changes to the final regulations under Section 401(a)(9) of the Code are incorporated by the end of the first Plan Year commencing on or after January 1, 2003.

 

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The changes required to reflect the provisions under Section 401(a)(31)(B) of the Code are incorporated by the end of the first Plan Year commencing on or after March 28, 2005.

 

MOODY’S 2011 10-K