Second Amendment to ZymoGenetics Deferred Compensation Plan for Key Employees
This amendment, effective January 1, 2006, modifies the ZymoGenetics Deferred Compensation Plan for Key Employees. It increases the maximum percentage of salary that eligible employees can defer under the plan from 15% to 50%. The amendment is executed by ZymoGenetics, Inc. and signed by its Chairman and CEO, Bruce L.A. Carter.
Exhibit 10.3
SECOND AMENDMENT TO
ZYMOGENETICS
DEFERRED COMPENSATION PLAN FOR KEY EMPLOYEES
This Amendment is made to the ZymoGenetics Deferred Compensation Plan for Key Employees (the “Plan”) which was originally effective November 1, 1992 and most recently amended and restated effective November 1, 1997.
Effective January 1, 2006, the first sentence of Article III.2(a) is amended by increasing the maximum percentage of salary a Participant may defer from 15% to 50%.
IN WITNESS WHEREOF, ZymoGenetics, Inc. has caused this Amendment to be executed on the date indicated below.
| ZYMOGENETICS, INC. | ||||||||
| Dated: May 2, 2008 | By: | /s/ Bruce L.A. Carter | ||||||
| Bruce L.A. Carter | ||||||||
| Its: | Chairman and Chief Executive Officer | |||||||
