EXHIBIT 10.2
AMENDMENT TO
HOLLYWOOD MEDIA CORP. 401(K) RETIREMENT SAVINGS PLAN
THIS AMENDMENT is made this 16th day of September, 2004, by and between
Hollywood Media Corp. (the "Employer"), ▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., ▇▇▇▇▇▇▇▇.▇▇▇, Inc.,
▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., Theatre Direct of NY, Inc., Baseline, Inc.,
▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc. (the "Participating Employers"), ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇
(collectively the "Trustee") and any other participating employer who shall sign
a Participation Agreement.
WITNESSETH
WHEREAS, it is necessary to make an amendment to the Plan in order to add
provisions necessary to comply with the Internal Revenue Code as it pertains to
Multiple Employer Plans; and
WHEREAS, the Employer has the authority to make amendments to the Plan.
NOW THEREFORE, in consideration of the above premises, the Employer amends the
Plan as follows:
SECTION 1.26(A) SHALL BE AMENDED BY ADDING THE FOLLOWING AT THE END OF THE
PARAGRAPH:
"If an non-related employer executes a participation agreement, the non-related
employer is a participating employer for all purposes except as provided in
section 1.12 and this plan shall be construed as a Multiple Employer Plan."
SECTION 1.15(A) SHALL BE AMENDED BY ADDING THE FOLLOWING AT THE BEGINNING OF THE
FIRST PARAGRAPH:
"For purposes of determining Hours of Service, the Administrator will treat the
Employer and Participating Employers maintaining this Plan as a single
employer."
SECTION 1.29 SERVICE SHALL BE AMENDED BY ADDING THE FOLLOWING TO THE BEGINNING
OF THE SECTION:
"For purposes of determining Service, the Administrator will treat the Employer
and Participating Employers maintaining this Plan as a single employer."
SECTION 1.32 TRUST FUND SHALL BE AMENDED BY ADDING THE FOLLOWING AT THE END OF
THE SECTION:
"This plan creates a single Trust for all Employers participating under the
Plan. However, the Trustee will maintain separate records of account in order to
reflect properly each Participant's Accrued Benefit derived from each
Participating Employer."
SECTION 3.04(A) METHOD OF ALLOCATION SHALL BE AMENDED BY ADDING THE FOLLOWING TO
THE END OF THE FIRST PARAGRAPH:
"The Administrator and the Trustee will account separately for each Employer and
Participating Employer's contributions under the Plan. In this respect, the
Administrator will allocate each employer's contributions for a plan year, in
accordance with Article III, to the Accounts of those Participants actually
employed by that Employer or Participating Employer during the Plan Year."
SECTION 12.01 DETERMINATION OF TOP-HEAVY STATUS SHALL BE AMENDED BY ADDING THE
FOLLOWING AT THE BEGINNING OF THIS SECTION:
"The determination of whether the plan is Top-Heavy shall be determined on
separately for each non-related Participating Employer such that only the
Employees of each individual non-related Employer and the contributions of such
Participating Employer are considered."
SECTION 14.01 APPLICATION SHALL BE AMENDED BY ADDING THE FOLLOWING AT THE END OF
THIS SECTION:
"All of the tests in this section 14 shall be conducted separately for each
non-related Participating Employer such that only the contributions made with
respect to each non-related Participating Employers Employees are included to
determine whether the tests are satisfied for that Participating Employer."
/s/ ▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
▇▇▇▇▇▇▇▇ ▇. ▇▇▇▇, Trustee Date
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
Hollywood Media Corp., Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CEO
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., Participating Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, CEO
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
▇▇▇▇▇▇▇▇.▇▇▇, Inc., Participating Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, President
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., Participating Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Co-CEO
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
Theatre Direct of NY, Inc., Participating Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Co-CEO
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
Baseline, Inc., Participating Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Co-CEO
/s/ ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇ September 16, 2004
--------------------------------------- --------------------------
▇▇▇▇▇▇▇▇▇▇▇▇.▇▇▇, Inc., Participating Employer Date
By: ▇▇▇▇▇▇▇▇ ▇▇▇▇▇▇▇▇▇▇, Co-President
