EX-10.4 2 0002.txt AMENDMENT #2 TO PMI EQUITY INCENTIVE PLAN EXHIBIT 10.4 ------------ AMENDMENT NO. 2 TO THE PMI GROUP, INC. EQUITY INCENTIVE PLAN THE PMI GROUP, INC., having adopted The PMI Group, Inc. Equity Incentive Plan (the "Plan") and having restated the Plan effective as of August 16, 1999, and having amended the restated Plan on one subsequent occasion, hereby amends the restated Plan effective as of February 18, 1999, by deleting the phrase "Years of Benefit Accrual Service" from clause (b) of the first sentence of Section 2.31 thereof and substituting the phrase "Years of Vesting Service" therefor. IN WITNESS WHEREOF, The PMI Group, Inc., by its duly authorized officer, has executed this Amendment No. 2 to the restated Plan on the date indicated below. THE PMI GROUP, INC. By: /s/ Charles Broom Vice President, Human Resources Dated: December 12, 2000