Second Amendment to RSA Security Inc. Deferred Compensation Plan (Effective March 1, 2000)

Summary

This amendment, made by RSA Security Inc., updates the company's Deferred Compensation Plan. It clarifies that the Board or the Deferred Compensation Committee can amend the plan at any time, but changes cannot reduce any participant's existing account balance or apply retroactively unless required to maintain the plan's tax-deferred status. If any plan provision conflicts with changes in law or IRS rules, that provision will be void to protect the plan's tax benefits.

EX-10.2 4 b46564rqexv10w2.txt EX-10.2 2ND AMENDMENT TO 2000 DEFERRED COMP PLAN EXHIBIT 10.2 SECOND AMENDMENT TO THE RSA SECURITY INC. DEFERRED COMPENSATION PLAN (AS EFFECTIVE MARCH 1, 2000) WHEREAS, RSA Security Inc. ("RSA Security") maintains the RSA Security Inc. Deferred Compensation Plan, Effective March 1, 2000; and WHEREAS, pursuant to Section 10.01 of the Plan, RSA Security has reserved the right to amend the Plan and now deems it appropriate to do so; NOW THEREFORE, Section 10.01 of the Plan is hereby amended to read as follows: Section 10.01 AMENDMENTS. The Board or the RSA Security Inc. Deferred Compensation Committee may at any time amend this Plan in whole or in part, provided, however, that no amendment shall be effective to decrease the balance in any Deferral Account as accrued at the time of such amendment, nor shall any amendment otherwise have a retroactive effect, unless such retroactive change is necessary to maintain the tax deferred nature of the plan. Any plan provision will be considered void in the event of a change in legislation or IRS treatment regarding deferred compensation plans such that the provision would jeopardize the tax deferred nature of the plan.