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EXHIBIT 4.4
AMENDMENT NO. 1 TO
THE
CYTEC EMPLOYEES’
SAVINGS PLAN
The Cytec Employees’
Savings Plan (the “Plan”) is hereby amended as follows,
effective as of December 31, 2007, unless otherwise
indicated:
1. The Preamble to the Plan
is hereby amended by adding the following paragraph to the end
thereof:
“Each non-collectively
bargained Employee who was actively employed or on a leave of
absence on December 31, 2007, who was a participant in the
Cytec Employees’ Savings and Profit Sharing Plan as of
December 31, 2007, shall have the assets and liabilities
attributable to their account under the Cytec Employees’
Savings and Profit Sharing Plan as of 11:59 p.m. on
December 31, 2007 transferred to this Plan effective
January 1, 2008.”
2. Section 1.33 of
Article I is hereby deleted in its entirety and replaced with the
following effective April 1, 2007:
“1.33
‘Participant’ shall mean an Eligible Employee or former
Eligible Employee who satisfied the criteria of Section 2.01
and has not taken a complete distribution of his or her Account
under the Plan.”
3. Section 2.01 is
hereby amended by adding the following to the end of the first
paragraph thereof:
“Any non-collectively
bargained Employee who was actively employed or on a leave of
absence and was a participant in the Cytec Employees’ Savings
and Profit Sharing Plan as of December 31, 2007 shall become a
Participant in the Plan as of January 1,
2008.”
4. Section 7.01 is
hereby deleted in its entirety and replaced with the
following:
“ Profit Sharing
Contributions . The Employer shall make the following
Profit-Sharing Contributions:
(a) General. The
Employer shall make non-discretionary Profit Sharing Contributions
for each Participant who satisfied the requirements of Article 2.01
without regard to whether the Employee makes any Employee
Before-Tax Contributions or Employee After-Tax Contribut
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