EXECUTIVE AND DIRECTOR GRANTOR TRUST AGREEMENTS AMENDMENT 2008-1 EFFECTIVE DECEMBER 31, 2008
Exhibit 10.37.1
AMENDMENT 2008-1
EFFECTIVE DECEMBER 31, 2008
EFFECTIVE DECEMBER 31, 2008
In order to comply with the requirements of Section 409A of the Internal Revenue Code of 1986, as
amended (the “Code”), the Edison International Executive Grantor Trust Agreement and Edison
International Director Grantor Trust Agreement are each amended as follows:
To add a new Section 7.09 to read as follows:
7.09 Section 409A Provisions
In no event shall any Grantor contribute to or otherwise fund the trust in a manner or on terms
that would result in the imputation of any tax, penalty or interest or Tax Funding under Section
409A(b)(1) of the Code. In addition, and notwithstanding any provision of this Trust Agreement to
the contrary, in no event shall any Grantor be obligated to, nor shall it, contribute to or
otherwise fund the trust “in connection with a change in the employer’s financial health” within
the meaning of Section 409A(b)(2) of the Code.
| Edison International | Bank of America, N.A. | |||||||||
By:
|
Xxxxx X. Xxxxxxxxxxxx | By: | Xxxx Xxxxx | |||||||
Title:
|
Senior Vice President, Human Resources | Title: | Assistant Vice President | |||||||
| Southern California Edison Company | ||||||||||
By:
|
Xxxxx X. Xxxxxxxxxxxx | |||||||||
Title:
|
Senior Vice President, Human Resources | |||||||||
