Third Amendment to Moody's Corporation Retirement Account
This amendment updates the Moody's Corporation Retirement Account to comply with federal laws regarding military service. It ensures that employees who serve in the military receive appropriate retirement contributions, benefits, and service credits as required by the Internal Revenue Code. The amendment also provides for death and disability benefits for members who die or become disabled during military service, and addresses the treatment of differential wage payments. These changes are effective as of January 1, 2007, and January 1, 2009, as applicable.
Exhibit 10.41
THIRD AMENDMENT TO THE MOODY’S CORPORATION RETIREMENT ACCOUNT
Section 5.9 of the Moody’s Corporation Retirement Account (amended and restated effective as of January 1, 2007) is hereby amended to read as follows, effective as of January 1, 2007:
USERRA/HEART Act. Notwithstanding any provision of this Plan to the contrary, contributions, benefits and service credit with respect to military service will be provided in accordance with Code Section 414(u). In addition: (a) effective January 1, 2007, the Plan shall apply the requirements of Code Section 401(a)(37) (relating to death benefits for Members who die while performing qualified military service) and Code Section 414(u)(9) (relating to treatment in the event of death or disability resulting from active military service), and (b) effective January 1, 2009, differential wage payments shall be treated as provided in Code Section 414(u)(12).
| MOODY’S 2010 10-K | 1 |
