RSA SECURITY INC/DE/
EX-10.1
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<TYPE>EX-10.1
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<P align="left" style="margin-left:42%; font-size: 10pt"><FONT style="font-size: 12pt">EXHIBIT 10.1</FONT>


<P align="center" style="font-size: 12pt"><FONT style="font-size: 11pt"><B>THIRD AMENDMENT TO THE</B></FONT>



<P align="center" style="font-size: 11pt"><B>RSA SECURITY INC.<BR>
DEFERRED COMPENSATION PLAN</B>



<P align="center" style="font-size: 11pt"><B>(As Effective October&nbsp;22, 2004)</B>



<P align="left" style="font-size: 11pt; text-indent: 4%"><B>WHEREAS, </B>RSA Security Inc. (&#147;RSA Security&#148;) maintains the RSA Security Inc. Deferred
Compensation Plan, Effective March&nbsp;1, 2000; and


<P align="left" style="font-size: 11pt; text-indent: 4%"><B>WHEREAS, </B>pursuant to Section&nbsp;10.01 of the Plan, RSA Security has reserved the right to amend
the Plan and now deems it appropriate to do so;



<P align="left" style="margin-left:4%; font-size: 11pt"><B>NOW THEREFORE, </B>Sections&nbsp;4.04 of the Plan is hereby amended to read as follows:


<P align="left" style="font-size: 11pt; text-indent: 4%"><U>Section&nbsp;4.04</U> <B>Modification or revocation of Election by Participant. </B>A Participant
may not change the amount of his Base Salary Deferrals during a Plan Year. However, a Participant
may discontinue a Base Salary Deferral election at any time by filing, on such forms and subject to
such limitations and restrictions as the Administrative Committee may prescribe in its discretion,
a revised Participation Agreement with the Administrative Committee. If approved by the
Administrative Committee, revocation shall take effect as of the first payroll period next
following its filing. If a Participant discontinues a Base Salary Deferral election during a Plan
Year, he will not be permitted to elect to make Base Salary Deferrals again until the later of the
next Plan Year or six months from the date of discontinuance. In addition, the Deferral Period may
be extended if an amended Participation Agreement is filed with the Administrative Committee at
least one month before the Deferral Period (as in effect before such amendment) ends; provided,
that only one such amendment may be filed with respect to each Participation Agreement. Under no
circumstances may a Participant&#146;s Participation Agreement be made, modified or revoked
retroactively, nor may a deferral period be shortened or reduced.



<P align="left" style="margin-left:2%; font-size: 11pt"><I>Signed and authorized:</I>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><I>ADMINISTRATIVE COMMITTEE </I></B>/s/Arthur W. Coviello, Jr.
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B><I>DATE </I></B>10/22/04</TD>
</TR>

<TR style="font-size: 1px">
    <TD valign="top" style="border-top: 1px solid #000000"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;
</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Arthur Coviello, CEO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">&nbsp;</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><I>ADMINISTRATIVE COMMITTEE </I></B>/s/Jeffrey D. Glidden
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B><I>DATE </I></B>10/25/04</TD>
</TR>

<TR style="font-size: 1px">
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</DIV></TD>
    <TD>&nbsp;</TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Jeffrey Glidden, CFO
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px"><B><I>ADMINISTRATIVE COMMITTEE </I></B>/s/Vivian Vitale
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><B><I>DATE </I></B>10/26/04</TD>
</TR>

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    <TD valign="top"><DIV style="margin-left:0px; text-indent:-0px">Vivian Vitale, SVP Human Resources
</DIV></TD>
    <TD>&nbsp;</TD>
    <TD align="left" valign="top"><BR></TD>
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