EX-4.11 9 ex4_11.htm EX 4.11 AMENDMENT 11 TO ISP PLAN ex4_11.htm
Exhibit 4.11



 
AMENDMENT TO THE
INTERNATIONAL SPECIALTY PRODUCTS INC. 401(K) PLAN
 

WHEREAS, International  Specialty Products Inc. (the "Corporation") maintains the International Specialty Products Inc. 401(k) Plan (the "Plan") for the benefit of eligible employees; and
 

WHEREAS,  pursuant to Article X of the Plan, the Corporation, as sponsor of the Plan, has retained the authority to amend the Plan at any time in whole or in part; and
 

WHEREAS, the Supreme Court of the United States invalidated section 3 of the Defense of Marriage Act for federal tax law purposes; consequently, the Internal Revenue Service issued Revenue Ruling 2013-17 and Notice 2014-19 detailing the rules for identifying same-sex spouses in a qualified retirement plan (collectively, the "Guidance"); and
 

WHEREAS, the Corporation desires to amend the Plan to conform to the Guidance; and
 

NOW, THEREFORE, BE IT RESOLVED, that the  Plan  is  amended  retroactively  to  be effective as of June 26, 2013 as follows:
 

 
I.
The following definition of Spouse shall be added to Article II of the Plan:
 

"Spouse" shall mean the spouse of a Participant determined by Federal law applicable to
 
Code §401(a) as announced in Revenue Ruling 2013-17 and Notice 2014-19; provided that to the extent required by a qualified domestic relations order pursuant to the terms of this Plan, a former Spouse of the Participant shall be treated as the Spouse of the Participant.
 

 
II.
The term "spouse" wherever found in the Plan shall be amended to be a capitalized word and carry with it the definition of Spouse as provided herein.
 

 
III.
In all other respects, the Plan shall remain unchanged.




 

[signature page immediately follows]

 
 
 
 





IN WITNESS WHEREOF, the Corporation has caused this amendment to the Plan to be executed this 26 day of Sept., 2014

 
 
 ATTEST:  
INTERNATIONAL SPECIALTY PRODUCTS INC.
 
 
 
/s/  Issa O. Yesufu
 
By:  /s/  Robin Swanson
 
                         Secretary
 
Title:  Director, Global Opns. & Benefits