FIRST AMENDMENT
TO THE
ADVANCED TECHNOLOGY LABORATORIES, INC.
RETIREMENT PLAN
The Advanced Technology Laboratories, Inc. Retirement Plan
(the "Plan"), as amended and restated effective January 1,
1994, is amended as follows pursuant to Section 11.1 of the
Plan, effective January 1, 1996.
1. Section 1.2 Actuarially Equivalent/Actuarially is deleted
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in its entirety and replaced with the following:
1.2 Actuarially Equivalent/Actuarially
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(a) General
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"Actuarially Equivalent" and similar terms (for
purposes other than determining contributions
to the Trust Fund) means that the present value
of two (2) payments or series of payments shall
be of equal value when computed at an eight
percent (8%) rate of interest and on the basis
of the 1984 Unisex Pension Mortality Table;
provided, however, that the interest rates and
mortality table below shall apply for the
purposes stated.
(b) Before January 1, 1996
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With respect to Participants who terminate
employment before January 1, 1996, the interest
rate for immediate or deferred annuities that
would be used by the Pension Benefit Guaranty
Corporation to determine the present value of
the Participant's benefit upon termination of
an insufficient trusteed single employer plan,
as of the first day of the Plan Year that
contains the Annuity Starting Date shall be
used for calculating the Actuarial Equivalent
value of any lump sum distribution.
(c) On or After January 1, 1996
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Notwithstanding the foregoing, with respect to
Participants who terminate employment on or
after January 1, 1996, the Actuarial Equivalent
value of any lump sum distribution shall be
determined using the following interest rate
and mortality table:
Interest: the annual interest rate on 30-year
Treasury securities as determined
under Code Section 417 (which, as of
the date of this amendment, is the
average annual yield on 30-year
Treasury Constant Maturities) for the
November before the Plan Year which
contains the Annuity Starting Date;
and
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Mortality: the prevailing Commissioner's
standard table (described in Code
Section 807(d)(5)(A)), without regard
to any other subparagraphs of Code
Section 807(d)(5)) used to determine
reserves for group annuity contracts
issued on the date as of which the
present value is being determined
(which as of the date of this
amendment is the 1983 Group Annuity
Mortality Table, 50% male and 50%
female).
IN WITNESS WHEREOF, Advanced Technology Laboratories,
Inc. has caused this First Amendment to be duly executed on
this 29th day of December, 1995.
FOR ADVANCED TECHNOLOGY
LABORATORIES, INC.
By: /s/ Harvey N. Gillis
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Witness: /s/ Annette King Authorized Officer
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Title: Sr. V.P. & Chief Financial Officer
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Title
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