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As Of Filer Filing For·On·As Docs:Size Issuer Agent 1/31/06 Bearingpoint Inc 10-K 12/31/04 59:10M RR Donnelley/FA |
Document/Exhibit Description Pages Size 1: 10-K Annual Report HTML 2.75M 4: EX-10.21 Material Contract HTML 73K 5: EX-10.24 Material Contract HTML 22K 6: EX-10.25 Material Contract HTML 29K 7: EX-10.26 Material Contract HTML 19K 8: EX-10.28 Material Contract HTML 21K 9: EX-10.29 Material Contract HTML 161K 10: EX-10.30 Material Contract HTML 155K 11: EX-10.44 Material Contract HTML 635K 12: EX-10.45 Material Contract HTML 75K 13: EX-10.46 Material Contract HTML 44K 14: EX-10.47 Material Contract HTML 120K 15: EX-10.48 Material Contract HTML 185K 16: EX-10.49 Material Contract HTML 49K 17: EX-10.50 Exhbiit 10.50 HTML 84K 18: EX-10.51 Material Contract HTML 41K 19: EX-10.52 Material Contract HTML 58K 20: EX-10.53 Material Contract HTML 39K 21: EX-10.54 Material Contract HTML 1.24M 22: EX-10.55 Material Contract HTML 67K 23: EX-10.56 Material Contract HTML 355K 24: EX-10.57 Material Contract HTML 22K 25: EX-10.58 Material Contract HTML 22K 26: EX-10.64 Material Contract HTML 66K 27: EX-10.66 Material Contract HTML 77K 28: EX-10.67 Material Contract HTML 76K 29: EX-10.68 Material Contract HTML 177K 30: EX-10.69 Material Contract HTML 640K 31: EX-10.70 Material Contract HTML 113K 32: EX-10.71 Material Contract HTML 76K 33: EX-10.72 Material Contract HTML 79K 34: EX-10.73 Material Contract HTML 535K 35: EX-10.74 Material Contract HTML 116K 36: EX-10.75 Material Contract HTML 164K 37: EX-10.76 Material Contract HTML 187K 38: EX-10.77 Material Contract HTML 97K 39: EX-10.78 Material Contract HTML 151K 2: EX-10.8 Material Contract HTML 28K 40: EX-10.81 Material Contract HTML 50K 41: EX-10.82 Material Contract HTML 94K 42: EX-10.83 Material Contract HTML 31K 43: EX-10.84 Material Contract HTML 26K 44: EX-10.85 Material Contract HTML 21K 45: EX-10.86 Material Contract HTML 66K 46: EX-10.87 Material Contract HTML 76K 47: EX-10.88 Material Contract HTML 54K 48: EX-10.89 Material Contract HTML 67K 3: EX-10.9 Material Contract HTML 82K 49: EX-10.90 Material Contract HTML 68K 50: EX-10.91 Material Contract HTML 49K 51: EX-10.92 Material Contract HTML 64K 52: EX-10.93 Material Contract HTML 68K 53: EX-10.94 Material Contract HTML 15K 54: EX-10.95 Material Contract HTML 19K 55: EX-10.96 Material Contract HTML 15K 56: EX-21.1 Subsidiaries of the Registrant HTML 33K 57: EX-31.1 Certification per Sarbanes-Oxley Act (Section 302) HTML 23K 58: EX-32.1 Certification per Sarbanes-Oxley Act (Section 906) HTML 18K 59: EX-99.1 Miscellaneous Exhibit HTML 229K
| Exhibit 10.24 |
Exhibit 10.24
REVISED AMENDMENT NO. 2
TO THE
BEARINGPOINT, INC. 401(k) PLAN
WHEREAS, BearingPoint, Inc. (the “Corporation”) sponsors and maintains the BearingPoint, Inc. 401(k) Plan (the “Plan”); and
WHEREAS, pursuant to its authority under Section 16.1 of the Plan, the Corporation desires to amend the Plan to provide for the automatic rollover of mandatory distributions of account balances of more than $1,000, and to make certain other clarifying changes to the Plan.
NOW, THEREFORE, the Plan is hereby amended as follows, effective as of the dates specified herein.
1. The following last sentence, meant as clarification of the Plan’s terms effective as of May 1, 2002, shall be added to Section 4.1(d), on “Catch-up Contributions”:
Catch-up Contributions shall not be eligible for Employer matching contributions.
2. Section 9.4 is amended to read as follows (revisions are underlined):
Section 9.4. Payment of Small Account Balances. Notwithstanding any provision of Section 9.3 to the contrary, if the balance of the Participant’s Account to be distributed upon the Participant’s termination of employment or death does not exceed $5,000 (or such other amount prescribed by section 411(a)(11) of the Code), such amount shall be distributed as soon as practicable after the Participant’s termination of employment or death in the form of a single mandatory lump sum cash payment to the Participant or his Beneficiary, as the case may be. With respect to a Participant only (and not with respect to a surviving spouse of a deceased Participant or alternate payee under a “qualified domestic relations order” under section 414(p) of the Code), effective for mandatory distributions made under the Plan on or after March 28, 2005, in the event of a mandatory distribution that is greater than $1,000 and is an eligible rollover distribution subject to the direct rollover requirements of section 401(a)(31) of the Code, if the Participant does not elect to have such distribution paid directly to an eligible retirement plan specified by the Participant in a direct rollover or to receive the distribution directly in accordance with Section 9.5, then the Committee will pay the distribution in a direct rollover to an individual retirement plan (i.e., an individual retirement account or an individual retirement annuity) designated by the Committee. [Effective May 1, 2002] For purposes of determining whether the balance of a Participant’s Account exceeds $5,000 for purposes of this Section 9.4, such Account balance shall be determined without regard to that portion of the Account balance that is attributable to rollover contributions (and earnings allocable thereto) within the meaning of sections 402(c), 403(a)(4), 403(b)(8), 408(d)(3)(A)(ii), and 457(e)(16) of the Code,
however, such amounts will be taken into account for purposes of determining whether the balance of a Participant’s Account exceeds $1,000 for purposes of the automatic rollover provision described herein.
3. Section 16.1 is amended to read as follows (revisions are underlined), effective as of the date hereof:
Section 16.1. Amendment. The Company may, at any time and from time to time, amend, suspend or modify the Plan by written instrument duly adopted by the Company, or, in the case of an amendment that does not have a material impact on benefits to Participants and costs to the Employers, by written instrument or resolution duly adopted by either the Committee or the Company’s Head of Human Resources. Any such amendment, suspension or modification shall become effective as of the date the Company, the Committee, or the Company’s Head of Human Resources, as the case may be, shall determine and may apply to Participants in the Plan at the time thereof as well as to future Participants.
IN WITNESS WHEREOF, this Amendment has been executed on behalf of the Corporation by the undersigned duly authorized officer of the Corporation.
| BEARINGPOINT, INC. | ||||||||
| Date: June 24, 2005 |
By: | /s/ BRIAN DAVENPORT | ||||||
| Its: |
Director, People Team | |||||||
- 2 -
| This ‘10-K’ Filing | Date | Other Filings | ||
|---|---|---|---|---|
 | ||||
| Filed on: | 1/31/06 | |||
| 6/24/05 | ||||
| 3/28/05 | 3 | |||
| For Period End: | 12/31/04 | NT 10-K | ||
| 5/1/02 | ||||
| List all Filings | ||||