Texas Instruments Incorporated (TI) is required to notify participants of important changes to the TI Welfare Benefits Plan and/or the TI Retiree Health Benefit Plan (collectively the “Plan”). This notification, called a Summary of Material Modifications (SMM), reflects the provisions that are effective June 1, 2020. And, it is intended to update the Plan’s 2020 Summary Plan Description (SPD), and is incorporated as such. The complete 2020 SPD can be found here.