Amgen 2013 Annual Report Download - page 170

6.6 Beneficiary Designation Change/Spousal Consent . A Participant shall designate his or her Beneficiary by completing and
submitting the Beneficiary Designation Form to the Committee. A Participant shall have the right to change a Beneficiary
designation by submitting a new Beneficiary Designation Form in accordance with this Section 6.6 and with the Committee’s
rules and procedures, as in effect from time to time. A Participant may name someone other than his or her spouse as a
Beneficiary only if a spousal consent, in the form designated by the Committee, is signed by that Participant’s spouse and
returned to the Committee. Upon the acceptance by the Committee of a new Beneficiary Designation Form, all Beneficiary
designations previously filed shall be canceled. The Committee shall be entitled to rely on the last Beneficiary Designation
Form filed by the Participant and accepted by the Committee prior to his or her death. Notwithstanding anything in this Section
or the Plan to the contrary, a Participant’s designation of a spouse as a Beneficiary shall automatically be cancelled and revoked
on the date a Participant’s divorce from that spouse becomes final.
6.7 Acknowledgment. No designation or change in designation of a Beneficiary shall be effective until received and acknowledged
in writing by the Committee or its designated agent.
6.8 No Beneficiary Designation. If a Participant fails to designate a Beneficiary as provided in Sections 6.5, 6.6, and 6.7 above, or
if all designated Beneficiaries predecease the Participant or die prior to complete distribution of the Participant’s benefits, then
the Participant’s designated Beneficiary shall be deemed to be the first of the following classes in which there is a survivor: (i)
his or her surviving Spouse; (ii) his or her children, except if any of the children predecease the Participant but leave surviving
issue, then such issue will take by right of representation the share the parent would have taken if living; and (iii) his or her
estate.
6.9 Discharge of Obligations. The payment of benefits under the Plan to a Beneficiary shall fully and completely discharge all
Employers and the Committee from all further obligations under this Plan with respect to the Participant, and that the
Participant’s Plan Agreement shall terminate upon such full payment of benefits. Notwithstanding anything in the Plan to the
contrary, if payment of a Participant’s benefits under this Plan is made to any person in excess of the amount which is due and
payable under the Plan for any reason (including, without limitation, the continuation of payments after the death of a Participant
or Beneficiary entitled to them), the Committee shall have full authority, in its sole and absolute discretion, to reduce future
benefits payable under the Plan (including amounts payable to a surviving Spouse) to reflect the value of the excess payment.
ARTICLE 7
Disability Waiver and Benefit
7.1 Disability Waiver.
(a) Waiver of Deferral. A Participant who is determined by the Committee to be suffering from a Disability shall have no
further deferrals of the Annual Deferral Amount that would otherwise have been withheld from a Participant’s Annual
Base Salary or Annual Bonus for the Plan Year during which the Participant first suffers a Disability. During the period
of Disability, the Participant shall not be allowed to make any additional deferral elections, but will continue to be
considered a Participant for all other purposes of this Plan. Any cancellation of the Participant’s Annual Deferral
Amount pursuant to this Section 7.1(a) shall occur by the later of the end of the Plan Year or the 15th day of the third
month following the date the Participant incurs a Disability.
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