Amendment No. One to Westcorp Employee Stock Ownership Plan and Salary Savings Plan (Restated 2001)

Summary

This amendment, effective January 1, 2001, modifies the Westcorp Employee Stock Ownership Plan and Salary Savings Plan. It clarifies that participants with no vested interest in their account at the time of leaving the company are considered to have received a full distribution of their vested interest as of their severance date. The amendment is executed by an authorized officer of Westcorp, a California corporation.

EX-10.16.2 11 a80101orex10-16_2.txt EXHIBIT 10.16.2 Exhibit 10.16.2 WESTCORP EMPLOYEE STOCK OWNERSHIP PLAN AND SALARY SAVINGS PLAN (RESTATED 2001) AMENDMENT NO. ONE The Westcorp Employee Stock Ownership Plan and Salary Savings Plan is hereby amended effective January 1, 2001 as follows: Section 7.4 Section 7.4 is hereby amended by addition of subsection (e) to read as follows: (e) For purposes of this Section 7.4, a Participant who has or had a zero vested interest in his Account at the time of his Severance shall be deemed to have received a distribution of his entire vested interest in his Account as of the date of his Severance. To signify its adoption of this Plan Amendment, Westcorp has caused its duly authorized officer to execute this document. Dated: __________________ WESTCORP, a California corporation By _________________________ Its ________________________