Amendment No. 1 to the February 2001 WaMu Shares Plan
This amendment modifies the February 2001 WaMu Shares Plan. It clarifies that, for grants made after February 12, 2001, employees designated as "Level 1" through "Level 8" by the company or its affiliates are excluded from the definition of "Employee" under the plan. Additionally, it changes references from "Board" to "Committee" in a specific section. The amendment is intended to update eligibility and administrative terms of the plan.
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Exhibit 10.44.1
AMENDMENT NO. 1
TO THE FEBRUARY 2001 WAMU PLAN
1. Section 1.8 of the February 2001 WaMu Shares Plan is hereby amended by adding the following sentence to the end of that section:
Effective for grants made under this Plan after February 12, 2001, the term "Employee" shall not include any Employee who is designated by the Company or an affiliate as "Level 1" through "Level 8", inclusive.
2. Section 4.6 is hereby amended by replacing the word "Board" with the word "Committee."
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