Amendment to Standard & Poor’s Employee Retirement Plan Supplement

Contract Categories: Human Resources › Retirement Agreements
Summary

This amendment updates the Standard & Poor’s Employee Retirement Plan Supplement, effective January 1, 2020. It clarifies that, as allowed by law, distributions from the plan can be made to someone other than the participant if required by a domestic relations order, as determined by the Plan Administrator. All other terms of the plan remain unchanged.

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EX-10.33 6 spgi-ex1033x20191231xq4.htm EXHIBIT 10.33 Exhibit


Exhibit (10.33)
Amendment to
Standard & Poor’s Employee Retirement Plan Supplement

The Standard and Poor’s Employee Retirement Plan Supplement (the “S&P Supplemental Plan”), amended and restated effective as of January 1, 2008, unless otherwise provided, is amended as provided below.

1.
Effective January 1, 2020, Section 8.02 of the S&P Supplemental Plan is amended by adding the following to the end thereof:
For the avoidance of doubt, notwithstanding anything to the contrary in this Plan, to the extent permitted by 409A of the Code, a distribution shall be made from the Plan to an individual other than the Participant to the extent necessary to comply with a domestic relations order (as defined in Code Section 414(p)(1)(B)) as determined by the Plan Administrator in his or her sole discretion.

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Except as set forth herein, the S&P Supplemental Plan remains in full force and effect.