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EXHIBIT 10. r. FEDERAL SIGNAL CORPORATION RETIREMENT SAVINGS PLAN (As Amended
and Restated Effective as of January 1, 2015)

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C E R T I F I C A T E Federal Signal Corporation, acting through its duly
authorized member of the Benefits Planning Committee, hereby adopts this
amendment and restatement of the Federal Signal Retirement Savings Plan in the
form attached hereto. Dated this 23rd day of December, 2015. FEDERAL SIGNAL
CORPORATION /s/ Julie A. Cook for the Federal Signal Corporation Benefits
Planning Committee

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TABLE OF CONTENTS PAGE -i- SECTION 1
................................................................................................................................
1 INTRODUCTION
.........................................................................................................
1 1.1 Background, Purpose of Plan, and Applicable Requirements
.........................................................................................
1 1.2 Effective Date and Plan Year
................................................................. 1 1.3 Trustee
and Trust
...................................................................................
1 1.4 Plan Administration
...............................................................................
2 1.5 Plan Supplements
...................................................................................
2 SECTION 2
................................................................................................................................
3 DEFINITIONS
...............................................................................................................
3 SECTION 3
..............................................................................................................................
15 ELIGIBILITY AND PARTICIPATION
..................................................................... 15 3.1
Participation Prior to Effective Date
.................................................... 15 3.2 Eligibility for
Participant and Matching Contributions ....................... 15 3.3
Eligibility for Retirement Contributions
.............................................. 16 3.4 Ineligible Employees
........................................................................... 16
3.5 Period of Participation
......................................................................... 16 3.6
Reemployment
.....................................................................................
17 SECTION 4
..............................................................................................................................
19 PARTICIPANT AND MATCHING CONTRIBUTIONS
.......................................... 19 4.1 Pre-Tax Contributions
.......................................................................... 19
4.2 After-Tax
Contributions.......................................................................
20 4.3 Catch-Up Contributions
....................................................................... 20 4.4
Rules Applicable to Participant Contributions
.................................... 20 4.5 Timing of Participant Contributions
.................................................... 21 4.6 Rollover
Contributions.........................................................................
21 4.7 Uniformed Service Absence
................................................................ 22 SECTION 5
..............................................................................................................................
23 EMPLOYER CONTRIBUTIONS
...............................................................................
23 5.1 Matching Contributions
....................................................................... 23 5.2
Retirement Contributions
..................................................................... 24 5.3
Payment, Limitations, Verification, and Form of Payment of Employer
Contributions ..................................................................
25 SECTION 6
..............................................................................................................................
26 INVESTMENT AND FEDERAL SIGNAL STOCK PROVISIONS ......................... 26
6.1 Investment Funds
.................................................................................
26 6.2 Investment Fund Elections and Transfers
............................................ 26 6.3 Election Procedures
............................................................................. 26
6.4 Administration of Federal Signal Stock Fund
..................................... 27

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TABLE OF CONTENTS PAGE -ii- 6.5 Dividend Election
................................................................................
27 6.6 Voting of Shares in Federal Signal Stock Fund
................................... 28 6.7 Tendering of Shares in Federal Signal
Stock Fund ............................. 28 6.8 Confidentiality of Voting and
Tender Directions ................................ 29 6.9 Invalidity of Voting
or Tender Procedures .......................................... 29 6.10 Unitized
Federal Signal Stock Fund ....................................................
29 6.11 Valuation of Investment Funds
............................................................ 30 6.12 Voting of
Shares in Mutual Funds .......................................................
30 SECTION 7
..............................................................................................................................
31 ACCOUNTS
................................................................................................................
31 7.1 Participants’ Accounts
......................................................................... 31 7.2
ESOP
Subaccounts...............................................................................
32 7.3 Adjustment of Accounts
...................................................................... 32 7.4
Statement of Account
........................................................................... 33
7.5 Accounts for Alternate Payees
............................................................. 33 7.6 Order and
Timing of Withdrawals, Loans, and Distributions
.........................................................................................
33 SECTION 8
..............................................................................................................................
34 CONTRIBUTION AND BENEFIT LIMITATIONS
.................................................. 34 8.1 Contribution
Limitations
...................................................................... 34 8.2
Combining of
Plans..............................................................................
34 8.3 Dollar Limitations on Pre-Tax Contributions
...................................... 34 8.4 Percentage Limitations on Pre-Tax
Contributions ............................... 35 8.5 Percentage Limitations on
Matching and After-Tax
Contributions........................................................................................
36 8.6 Calculating Income Allocable to Excess Deferrals and
Contributions........................................................................................
37 8.7 Corrective Contributions/Reallocations
............................................... 37 SECTION 9
..............................................................................................................................
39 VESTING AND FORFEITURES
...............................................................................
39 9.1 Participant Contributions
..................................................................... 39 9.2
Matching Contributions
....................................................................... 39 9.3
Retirement Contributions
..................................................................... 41 9.4
Qualified Nonelective Contributions
................................................... 42 9.5 Prior Plan ESOP
Contributions ............................................................ 42
9.6 Amendments to Vesting Schedule
....................................................... 43 9.7 Forfeitures
............................................................................................
43 9.8 Reinstatement of Accounts for Rehires
............................................... 43 9.9 Death Benefits under
Qualified Military Service ................................ 43

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TABLE OF CONTENTS PAGE -iii- SECTION 10
............................................................................................................................
44 PAYMENTS
................................................................................................................
44 10.1 Form of
Payment..................................................................................
44 10.2 Time of Payment
..................................................................................
44 10.3 Direct Rollover of Eligible Rollover Distribution
............................... 45 10.4 Designation of Beneficiary
.................................................................. 46 10.5
Minimum Distribution Requirements
.................................................. 47 10.6 Missing Persons
...................................................................................
49 10.7 Recovery of
Benefits............................................................................
49 10.8 Facility of Payment
..............................................................................
49 SECTION 11
............................................................................................................................
51 IN-SERVICE WITHDRAWALS
................................................................................
51 11.1 Hardship Withdrawals
......................................................................... 51
11.2 Withdrawals Upon Attainment of Age 59½
........................................ 52 11.3 Withdrawals Upon Attainment of
Normal Retirement Age ................ 52 11.4 Withdrawals From After-Tax
Account ................................................ 53 11.5 Withdrawals
From Rollover Account and After-Tax Rollover Account
.................................................................................
53 11.6 Withdrawals From Balances Transferred from a Prior Plan ................
53 11.7 Distributions To Individuals Performing Military Service
.................. 53 11.8 Application for In-Service Withdrawals
.............................................. 54 SECTION 12
............................................................................................................................
55 LOANS
........................................................................................................................
55 12.1 Terms and Conditions of Loans
........................................................... 55 12.2 Amount of
Loans
.................................................................................
55 12.3 Repayment of Loans
............................................................................ 55
12.4 Unpaid Loans
.......................................................................................
56 SECTION 13
............................................................................................................................
57 ADMINISTRATION OF PLAN
.................................................................................
57 13.1 Plan Administrator
...............................................................................
57 13.2 Indemnification
....................................................................................
58 13.3 Organization of
Committee.................................................................. 58
13.4 Committee Actions
..............................................................................
58 13.5 Committee General Powers, Rights, and Duties
.................................. 59 13.6 Reports
.................................................................................................
60 13.7 Information Required by Committee
................................................... 60 13.8 Allocations and
Delegations of Responsibility .................................... 60 13.9
Interested Committee Member
............................................................ 60 13.10 Removal or
Resignation
....................................................................... 60 13.11
Compensation and
Expenses................................................................ 61
13.12 Uniform Application of Rules
............................................................. 61 13.13
Committee’s Decision Final
................................................................ 61

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TABLE OF CONTENTS PAGE -iv- SECTION 14
............................................................................................................................
62 Claims Procedures
.......................................................................................................
62 14.1 Initial Retirement Benefit Claims
........................................................ 62 14.2 Initial
Disability Benefit Claims
.......................................................... 62 14.3 Initial Claim
Processing and Appeal.................................................... 62
14.4 Appeal Procedures for Retirement Benefits
........................................ 63 14.5 Appeal Procedures for
Disability Benefits .......................................... 63 14.6 Appeals
Processing
..............................................................................
63 SECTION 15
............................................................................................................................
65 MANAGEMENT OF TRUSTS
...................................................................................
65 15.1 Trustee and Trust
Agreement............................................................... 65 15.2
Restrictions as to Reversion of Trust Fund to the Employers
............................................................................................
65 SECTION 16
............................................................................................................................
66 AMENDMENT AND TERMINATION
..................................................................... 66 16.1
Amendment
..........................................................................................
66 16.2 Plan Termination
..................................................................................
66 16.3 Nonforfeitability and Distribution on
Termination.............................. 67 16.4 Plan Merger, Consolidation, or
Spin-Off ............................................. 67 SECTION 17
............................................................................................................................
68 MISCELLANEOUS
....................................................................................................
68 17.1 Non-Alienation of Benefits
.................................................................. 68 17.2
Absence of
Guaranty............................................................................
68 17.3 Employment Rights
............................................................................. 68
17.4 Litigation by Participants or Other Persons
......................................... 68 17.5 Evidence
...............................................................................................
68 17.6 Waiver of Notice
..................................................................................
68 17.7 Controlling Law
...................................................................................
69 17.8 Statutory References
............................................................................ 69
17.9 Severability
..........................................................................................
69 17.10 Action By Employers
........................................................................... 69
17.11 Gender and Number
............................................................................. 69
17.12 Examination of
Documents.................................................................. 69
17.13 Manner of Delivery
..............................................................................
69 17.14 Effect on Other Benefits
...................................................................... 69 17.15
Headings
..............................................................................................
70 17.16 No Third-Party Beneficiaries
............................................................... 70 SECTION 18
............................................................................................................................
71 TOP HEAVY RULES
.................................................................................................
71 18.1 Purpose and Effect
...............................................................................
71 18.2 Top Heavy
Plan....................................................................................
71

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TABLE OF CONTENTS PAGE -v- 18.3 Key Employee
......................................................................................
71 18.4 Minimum Vesting
................................................................................
72 18.5 Minimum Employer Contribution
....................................................... 72 18.6 Aggregation of
Plans............................................................................
72 SUPPLEMENT A Special Provisions Applicable to the Federal Signal Technologies
Division of the Company

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-1- FEDERAL SIGNAL CORPORATION RETIREMENT SAVINGS PLAN SECTION 1 INTRODUCTION
1.1 Background, Purpose of Plan, and Applicable Requirements The Company
maintains the Plan so that eligible Employees of the Company and the other
Employers under the Plan may accumulate funds for their retirement. The Plan was
originally established as the Federal Signal 401(k) Retirement Plan, effective
as of July 1, 1976. The Plan was amended and restated in its entirety several
times, including effective as of January 1, 1997 for compliance purposes,
January 1, 2002 for benefit provisions, and January 1, 2010 for a Prior Plan
merger and various other changes considered desirable by the Company. Effective
as of June 1, 2002, a portion of the Plan is designed to be primarily invested
in Federal Signal Common Stock through the Federal Signal Stock Fund, except
that the Trustee may hold some of the assets of the Federal Signal Stock Fund in
cash pending investment, distribution, reallocation or transfer. This portion of
the Plan is intended to satisfy the requirements of a non-leveraged employee
stock ownership plan set forth in Code Sections 401(a), 409, and 4975(e). The
remaining portion of the Plan is a profit sharing plan intended to satisfy all
requirements of Code Section 401(a) and includes a cash or deferred arrangement
intended to satisfy the requirements of Code Section 401(k). Effective January
1, 2007, the Plan was renamed the Federal Signal Corporation Retirement Savings
Plan. The Plan as reflected herein, effective as of January 1, 2015, except as
otherwise indicated, is an amendment, restatement and continuation of the Plan.
Defined terms used in this Section are defined in SECTION 2. 1.2 Effective Date
and Plan Year Except as otherwise required to comply with applicable law or as
specifically provided herein, this amendment and restatement is effective as of
January 1, 2015. The rights and benefits of any Participant who had a Severance
From Service prior to this restatement date shall be determined under the Plan
in effect at the time of such Severance From Service, except as otherwise
expressly provided below. The Plan is administered on the basis of a Plan Year.
1.3 Trustee and Trust Amounts contributed under the Plan are held and invested,
until distributed, by the Trustee. The Trustee acts in accordance with the terms
of the Trust Agreement and Trust, which implement and form a part of the Plan.
The provisions of and benefits under the Plan are subject to the terms and
provisions of the Trust Agreement and Trust.

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-2- 1.4 Plan Administration The Committee shall be the “plan administrator” (as
that term is defined in ERISA Section 3(16)(A)) of the Plan and shall be
responsible for the administration of the Plan except where another entity has
been assigned a specific responsibility in the Plan; provided, however, that the
Committee may delegate all or any part of its powers, rights, and duties under
the Plan to such person or persons as it may deem advisable. Any notice or
document relating to the Plan which is to be filed with the plan administrator
may be delivered, or mailed by registered or certified mail, postage pre-paid,
to: Benefits Administration Committee c/o Federal Signal Corporation 1415 West
22nd Street, Suite 1100 Oak Brook, IL 60523 1.5 Plan Supplements The provisions
of the Plan may be modified by supplements to the Plan. The terms and provisions
of each supplement are a part of the Plan and supersede the other provisions of
the Plan to the extent necessary to eliminate inconsistencies between such other
Plan provisions and such supplement.

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-3- SECTION 2 DEFINITIONS The following words and phrases have the respective
meanings stated below unless a different meaning is plainly required by the
context: 2.1 Account(s) Except as may be stated elsewhere in the Plan,
“Account(s)” means all accounts and subaccounts maintained for a Participant,
Alternate Payee or a Beneficiary under Subsection 7.1. 2.2 After-Tax Account
“After-Tax Account” means any one of the Accounts so designated and provided for
in Paragraph 7.1(a). 2.3 After-Tax Contributions “After-Tax Contributions” mean
any contributions a Participant elects to make on an after-tax basis as
described in Subsection 4.2. Not withstanding the foregoing, for purposes of
implementing the required limitations of Code Sections 401(m) and 415 contained
in Subsections 8.5 and 8.1, respectively, After-Tax Contributions shall not
include contributions made pursuant to Code Section 414(u) by reason of an
eligible Employee’s qualified military service. 2.4 After-Tax Rollover Account
“After-Tax Rollover Account” means any one of the Accounts so designated and
provided for in Paragraph 7.1(b). 2.5 After-Tax Rollover Contributions
“After-Tax Rollover Contributions” mean after-tax contributions attributable to
part or all of a Rollover Contribution transferred to this Plan pursuant to
Subsection 4.6. 2.6 Alternate Payee “Alternate Payee” means any Spouse, former
Spouse, child or other dependent of a Participant who is recognized by a
Qualified Domestic Relations Order as having a right to receive all or a portion
of a Participant’s benefits payable under the Plan. 2.7 Annual Addition Subject
to Subsection 8.1, “Annual Addition” for any Limitation Year means the sum of
the Pre-Tax Contributions, After-Tax Contributions, Matching Contributions, and
Retirement Contributions, as applicable, credited to a Participant’s Account for
that Limitation Year. Annual Additions attributable to corrective contributions
described in Subsection 8.7 shall be treated as Annual Additions for the
appropriate Limitation Year as required by Code Section 415

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-4- and the Treasury Regulations issued thereunder; provided, however, that
amounts attributable to lost earnings with respect to any such corrective
contributions shall not be treated as Annual Additions. 2.8 Approved Form of
Election “Approved Form of Election” means a request or an election made through
the voice response system, Internet, intranet or other electronic media, or on a
written election form, approved by the Committee or its designee and filed with
the Employer. Notwithstanding the foregoing, no request or election shall be
deemed to have been made until all required documentation, information,
signatures, consents, notarizations and attestations required for such request
or election are provided to the Committee or its designee. 2.9 Beneficiary
“Beneficiary” means the person or persons designated by a Participant,
Beneficiary or Alternate Payee to receive any benefits under the Plan which may
be due upon the Participant’s, Beneficiary’s or Alternate Payee’s death. 2.10
Benefits Planning Committee “Benefits Planning Committee” means the Benefits
Planning Committee of the Company. 2.11 Board of Directors “Board of Directors”
means the Board of Directors of the Company. 2.12 Break in Service A “Break in
Service” means any period commencing with the Participant’s Severance From
Service and continuing for at least twelve consecutive months until he or she
again completes an Hour of Service. Notwithstanding the foregoing, effective as
of October 1, 2010, “Break in Service” means, with respect to each Participant
who was a participant in the VESystems 401(k) Plan on or before October 1, 2010,
any Plan Year during which such Participant does not complete more than 500
Hours of Service. 2.13 Business Day “Business Day” means any day on which the
New York Stock Exchange is open. 2.14 Catch-Up Account “Catch-Up Account” means
any one of the Accounts so designated and provided for in Paragraph 7.1(c).

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-5- 2.15 Catch-Up Contributions “Catch-Up Contributions” mean the compensation
deferrals under Code Section 414(v) an eligible Participant elects to make
pursuant to Subsection 4.3. 2.16 Close of Business “Close of Business” means the
normal closing time of the New York Stock Exchange or such other time as is
designated by the Committee. 2.17 Code “Code” means the Internal Revenue Code of
1986, as amended from time to time. 2.18 Code Section 415 Compensation “Code
Section 415 Compensation” for a Limitation Year means a Participant’s
compensation within the meaning of Treasury Regulation Section 1.415(c)-2(d)(4),
including, effective as of January 1, 2009, any differential wage payments (as
defined in Code Section 3401(h)(2)), that is actually paid or made available
during such Limitation Year, subject to the following: (a) Code Section 415
Compensation shall exclude amounts paid after a Participant’s severance from
employment, except for the following amounts paid within the later of 2-½ months
after the Participant’s severance from employment or the end of the Limitation
Year that includes the date of the Participant’s severance from employment: (i)
Payments of unpaid wages, overtime, bonuses and commissions; and (ii) Payments
of unused accrued bona fide sick, vacation and paid time off leave that the
Participant would have been able to use if employment had continued. (b)
Compensation shall not include amounts in excess of the limitation under Code
Section 401(a)(17) in effect for the Limitation Year. 2.19 Committee “Committee”
means the Benefits Administration Committee as described in SECTION 13. 2.20
Company “Company” means Federal Signal Corporation, a Delaware corporation, its
successors and assigns.

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-6- 2.21 Compensation “Compensation” means compensation as defined in Treasury
Regulation Section 1.414(s)-1(c)(4), but without regard to any recruiting or
sign-on bonus, if applicable. Notwithstanding the foregoing, with respect to
Participants who are Guzzler Union Employees, IAM Local 701 Employees or Sheet
Metal Workers Local 265 Employees, “Compensation” means regular straight time
pay, bonus, commissions and overtime pay. Each Participant’s Compensation shall
include, effective as of January 1, 2009, any differential wage payments (as
defined in Code Section 3401(h)(2)). Such Compensation shall exclude amounts
paid after a Participant’s severance from employment, except for payments of
unpaid wages, overtime, bonuses, commissions and accrued vacation leave that the
Participant would have been able to use if employment had continued that are
paid within the later of 2-½ months after the Participant’s severance from
employment or the end of the Plan Year that includes the date of the
Participant’s severance from employment. In no event shall Compensation include
the following payments paid after the Participant’s severance from employment:
unused accrued bona fide sick and paid time off leave that the Participant would
have been able to use if employment had continued and long-term disability
payments. Each Participant’s Compensation shall be limited to $265,000 in each
Plan Year (as adjusted to reflect the dollar amount applicable under Code
Section 401(a)(17)). 2.22 Disability “Disability,” as determined by the
Committee or its designee, means the inability to engage in any substantial,
gainful activity by reason of any medically determinable physical or mental
impairment that can be expected to result in death or which has lasted or can be
expected to last for a continuous period of not less than twelve months. The
permanence and degree of such impairment shall be supported by medical evidence.
Notwithstanding the foregoing, with respect to each Participant who was a
participant in the PIPs Technology, Inc. 401(k) Plan on or before January 1,
2008, “Disability” shall mean (i) a physical or mental disability that renders
such Participant unable to perform the duties of his or her customary position
of employment (or unable to engage in any substantial gainful activity) for an
indefinite period which the Committee considers shall be of long continued
duration, or (ii) the incurrence of a Separation From Service and the permanent
loss or loss of use of a member or function of the body, or permanent
disfigurement. The Committee may require a Participant to submit to a physical
examination in order to confirm Disability. Notwithstanding the foregoing,
effective as of October 1, 2010, with respect to each Participant who was a
participant in the VESystems 401(k) Plan on or before October 1, 2010,
“Disability” shall mean eligibility for disability benefits under the Social
Security Act. 2.23 Employee “Employee” means any person who is employed by an
Employer who is on the regular U.S. payroll of an Employer, and whose wages from
such Employer are reported for Federal income tax purposes on Internal Revenue
Service Form W-2 (or a successor or equivalent form). Notwithstanding any
provision of the Plan to the contrary, an individual who performs services

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-7- for a Non-Participating Employer but who is paid by an Employer under a
common paymaster arrangement with such Non-Participating Employer shall not be
considered an Employee for purposes of the Plan. An Employer’s classification as
to whether an individual constitutes an Employee shall be determinative for
purposes of an individual’s eligibility under the Plan. An individual who is
classified as an independent contractor or Leased Employee (or other non-
employee classification) shall not be considered an Employee and shall not be
eligible to participate in the Plan, regardless of any subsequent
reclassification of such individual as an employee of an Employer by an
Employer, any government agency, court, or other third-party. Any such
reclassification shall not have a retroactive effect for purposes of the Plan.
An Employee shall be eligible to participate in the Plan pursuant to SECTION 3.
2.24 Employer “Employer” means the Company, Elgin Sweeper Company, Guzzler
Manufacturing, Inc., Jetstream of Houston, Inc., Vactor Manufacturing, Inc.,
Victor Products USA, Inc. and each other Related Employer who extends the Plan
to its Employees with the consent of the Benefits Planning Committee. 2.25
Employment or Reemployment Date “Employment or Reemployment Date” means the
first day an Employee performs an Hour of Service. 2.26 ERISA “ERISA” means the
Employee Retirement Income Security Act of 1974, as amended. 2.27 ESOP “ESOP”
means the portion of the Plan that is designed to be primarily invested in
Federal Signal Common Stock through investment in the Federal Signal Stock Fund,
except that the Trustee may hold some of the assets of the Federal Signal Stock
Fund in cash pending investment, distribution, reallocation or transfer. The
ESOP is intended to satisfy the requirements of a non-leveraged employee stock
ownership plan set forth in Code Sections 401(a), 409, and 4975(e). The ESOP
consists of all amounts credited to Participants’ Accounts that are invested in
the Federal Signal Stock Fund. 2.28 Federal Signal Common Stock “Federal Signal
Common Stock” means the common stock of the Company and any other common stock
into which it may be reclassified. Federal Signal Common Stock is readily
tradable on an established securities market and meets the definition of an
“employer security” under Code Section 409(l). 2.29 Federal Signal Stock Fund
“Federal Signal Stock Fund” means the portion of the Trust Fund so designated
and provided for in Subsection 6.1 and which fund is designed to be primarily
invested in Federal

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-8- Signal Common Stock, except that the Trustee may hold some of the assets of
the Federal Signal Stock Fund in cash pending investment, distribution,
reallocation or transfer. 2.30 Fiduciary “Fiduciary” means the Company, each
Employer, the Board of Directors, and the board of directors of each Employer,
the Benefits Planning Committee, the Committee, the Investment Committee and the
Trustee, but only with respect to the specific responsibilities of each as
described in SECTION 13 and SECTION 14. The term “Fiduciary” also includes any
Participant, Beneficiary or Alternate Payee, but only to the extent such
Participant, Beneficiary or Alternate Payee is acting with respect to the
exercise of voting rights of shares held in the Federal Signal Stock Fund or the
tender, deposit, sale, exchange or transfer of such shares. 2.31 Guzzler Union
Employee “Guzzler Union Employee” means an Employee whose employment with the
Guzzler Manufacturing, Inc. is governed by a collective bargaining agreement
that provides for his or her participation in the Plan. 2.32 Highly Compensated
Employee “Highly Compensated Employee” means a highly compensated employee as
defined in Code Section 414(q) and the Treasury Regulations thereunder.
Generally, a Highly Compensated Employee shall be any present or former employee
of a Related Employer who: (a) Was a 5% owner (as defined in Code Section
414(q)(2)) at any time during the current or immediately preceding Plan Year; or
(b) Received Code Section 415 Compensation from the Related Employers for the
immediately preceding Plan Year in excess of $120,000 (or such greater amount as
may be determined by the Commissioner of Internal Revenue) and was in the
top-paid 20% of employees for such year. A former employee shall be treated as a
Highly Compensated Employee if such employee was a Highly Compensated Employee
when such employee incurred a Severance From Service or if such employee was a
Highly Compensated Employee at any time after attaining age 55. 2.33 Hour of
Service “Hour of Service” means: (a) Each hour for which an Employee is paid or
entitled to payment for the performance of duties for a Related Employer. These
hours shall be credited to the Employee for the computation period or periods in
which the duties are performed; (b) Each hour for which an Employee is paid or
entitled to payment by a Related Employer on account of a period of time during
which no duties are performed

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-9- (irrespective of whether the employment relationship has terminated) due to
vacation, holiday, illness, incapacity (including Disability), layoff, jury
duty, military duty or leave of absence. No more than 501 Hours of Service shall
be credited under this Paragraph for any single continuous period (whether or
not such period occurs in a single computation period). Hours under this
Paragraph shall be calculated and credited pursuant to Department of Labor
Regulation Section 2530.200b-2, which is incorporated by reference; and (c) Each
hour for which back pay, irrespective of mitigation of damages, is either
awarded or agreed to by a Related Employer. The same Hours of Service shall not
be credited under Paragraph (a) or Paragraph (b) and under this Paragraph (c).
These hours shall be credited to the computation period or periods to which the
award or agreement pertains rather than the computation period in which the
award, agreement or payment is made. Solely for purposes of determining whether
a Break in Service has occurred, an Employee who is absent from work for
Parental Leave shall receive credit for the Hours of Service which would
otherwise have been credited to him or her but for his or her Parental Leave. In
any case in which such Hours of Service cannot be determined, the Employee shall
receive credit for eight Hours of Service for each day of Parental Leave. Hours
of Service credited under this paragraph shall be credited in the Plan Year in
which the Parental Leave begins, if necessary to prevent a Break in Service in
such year, or the immediately following Plan Year. 2.34 IAM Local 701 Employee
“IAM Local 701 Employee” means an Employee whose employment with the Company or
a Related Employer is governed by the collective bargaining agreement between
the Company and Automobile Mechanics’ Local 701 IAM & AW that provides for his
or her participation in the Plan. 2.35 IBEW Local 134 Employee “IBEW Local 134
Employee” means an Employee whose employment with the Company or a Related
Employer is governed by the collective bargaining agreement between the Company
and Local 134, International Brotherhood of Electrical Workers that provides for
his or her participation in the Plan. 2.36 Investment Committee “Investment
Committee” means the Investment Committee of the Company. 2.37 Investment
Fund(s) “Investment Fund(s)” means the funds described in Subsection 6.1 held
under the Trust Fund.

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-10- 2.38 Leased Employee “Leased Employee” means any individual who is not an
employee of an Employer, but who has provided services to an Employer under the
primary direction or control of the Employer on a substantially full-time basis
for a period of at least one year, pursuant to an agreement between the Employer
and a leasing organization. A Leased Employee shall be deemed an Employee for
purposes of crediting Vesting Service and Years of Eligibility Service, but
shall not be eligible for benefits under the Plan unless he or she otherwise
satisfies the criteria for eligibility under Subsection 3.1 as an Employee. 2.39
Limitation Year “Limitation Year” means the Plan Year. 2.40 Match Account “Match
Account” means any one of the Accounts so designated and provided for in
Paragraph 7.1(d). 2.41 Matching Contributions “Matching Contributions” mean any
contributions made to the Match Account of a Participant by an Employer as
provided for in Subsection 5.1. Notwithstanding the foregoing, for purposes of
implementing the required limitations of Code Sections 401(m) and 415 contained
in Subsections 8.5 and 8.1, respectively, Matching Contributions shall not
include contributions made pursuant to Code Section 414(u) by reason of an
eligible Employee’s qualified military service. 2.42 Non-ESOP “Non-ESOP” means
the portion of the Plan that constitutes a profit sharing plan intended to
satisfy all requirements of Code Section 401(a) and includes a cash or deferred
arrangement intended to satisfy the requirements of Code Section 401(k). The
Non-ESOP consists of all amounts credited to Participants’ Accounts that are not
invested in the Federal Signal Stock Fund. 2.43 Non-Participating Employer
“Non-Participating Employer” means any Related Employer which is not an
Employer. 2.44 Normal Retirement Age “Normal Retirement Age” means age 65. 2.45
Parental Leave “Parental Leave” means an absence: (i) by reason of the pregnancy
of the individual; (ii) by reason of a birth of a child of the individual; (iii)
by reason of the placement of a child with

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[exhibit10r018.jpg]
-11- the individual in connection with the adoption of such child by such
individual or for purposes of caring for such child for a period beginning
immediately following such birth or placement. The Employee shall be required to
furnish the Committee with such timely information as the Committee may
reasonably require to establish both that the absence from work is for Parental
Leave and the number of days for which there was such an absence. 2.46
Participant “Participant” means an Employee or former Employee who has met the
requirements of participation in the Plan for at least one type of contribution
as provided in SECTION 3. 2.47 Plan “Plan” means this Federal Signal Corporation
Retirement Savings Plan. 2.48 Plan Year “Plan Year” means the calendar year.
2.49 Pre-Tax Account “Pre-Tax Account” means any one of the Accounts so
designated and provided for in Paragraph 7.1(e). 2.50 Pre-Tax Contributions
“Pre-Tax Contributions” mean the compensation deferrals under Code Section
401(k) a Participant elects to make pursuant to Subsection 4.1. Notwithstanding
the foregoing, for purposes of implementing the required limitations of Code
Sections 401(k), 402(g), and 415 contained in Subsections 8.4, 8.1 and 8.1,
respectively, Pre-Tax Contributions shall not include Catch-Up Contributions or
deferrals made pursuant to Code Section 414(u) by reason of an eligible
Employee’s qualified military service. 2.51 Prior Plan “Prior Plan” means the
applicable plan qualified under Code Section 401(a) that has merged with and
into the Plan. Effective as of October 1, 2010, the VESystems 401(k) Plan and
Trust merged with and into the Plan. Such merger complied with the provisions of
Code Sections 401(a)(12), 401(l), and 411(d)(6) of the Code. 2.52 Prior Plan
ESOP Account “Prior Plan ESOP Account” means any one of the Accounts so
designated and provided for in Paragraph 7.1(f). 2.53 Qualified Domestic
Relations Order “Qualified Domestic Relations Order” means any domestic
relations order (as defined in Code Section 414(p)) that creates, recognizes or
assigns to an Alternate Payee the right to receive

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[exhibit10r019.jpg]
-12- all or a portion of a Participant’s benefits payable hereunder and that
meets the requirements of Code Section 414(p), as determined by the Committee.
2.54 Qualified Nonelective Account “Qualified Nonelective Account” means any one
of the Accounts so designated and provided for in Paragraph 7.1(g). 2.55 Related
Employer “Related Employer” means the Company and any corporation or other
business entity which is included in a controlled group of corporations with the
Company, as provided in Code Section 414(b) (as modified for purposes of
Subsection 8.1 by Code Section 415(h)), or which is a trade or business under
common control with the Company, as provided in Code Section 414(c) (as
modified, for purposes of Subsection 8.1, by Code Section 415(h)), or which
constitutes a member of an affiliated service group within which the Company is
also included, as provided in Code Section 414(m), or which is required to be
aggregated with the Company pursuant to Treasury Regulations issued under Code
Section 414(o). 2.56 Retirement Account “Retirement Account” means any one of
the Accounts so designated and provided for in Paragraph 7.1(h). 2.57 Retirement
Contributions “Retirement Contributions” mean any contributions made to the
Retirement Account of a Participant by an Employer as provided for in Subsection
5.2. 2.58 Rollover Account “Rollover Account” means any of the Accounts so
designated and provided for in Paragraph 7.1(i). 2.59 Rollover Contributions
“Rollover Contributions” mean amounts (other than After-Tax Rollover
Contributions) attributable to part or all of a Rollover Contribution to this
Plan pursuant to Subsection 4.6. 2.60 Seasonal Employee “Seasonal Employee”
means each Employee who the Committee determines, in its sole discretion, to be
a seasonal employee. The Committee’s determination of Seasonal Employees shall
be applied uniformly to all similarly situated Employees. 2.61 Severance From
Service “Severance From Service” means the earlier of the following dates:

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[exhibit10r020.jpg]
-13- (a) The date on which a Participant terminates employment with all Related
Employers, is discharged, retires or dies; or (b) The first anniversary of the
first day of a period in which an Employee remains absent from service (with or
without pay) with all Related Employers for any reason other than one listed in
Paragraph (a) above. For purposes of this Plan, an Employee who is absent from
service for twelve consecutive months due to illness, injury, or Disability
shall be deemed to have had a Severance From Service. A Participant who is
performing qualified military service (as defined in Code Section 414(u)(5))
shall not incur a Severance From Service until the time at which a Participant’s
reemployment rights as a member of the armed forces cease to be protected by
law. An Employee shall not incur a Severance From Service due to a Parental
Leave until the second anniversary of the first date of such absence. A transfer
from employment with one Related Employer to another Related Employer or a
change in status from Employee to Leased Employee does not constitute a
Severance From Service for purposes of SECTION 10. 2.62 Sheet Metal Workers
Local 265 Employee “Sheet Metal Workers Local 265 Employee” means an Employee
whose employment with the Company or a Related Employer is governed by the
collective bargaining agreement between the Company and Sheet Metal Workers
International Association Local No. 265 that provides for his or her
participation in the Plan. 2.63 Spouse Unless the provisions of any Qualified
Domestic Relations Order provide otherwise, “Spouse” means the person to whom
the Participant is legally married at the earlier of the date of the
Participant’s death or the date payment of the Participant’s benefits commenced
and who is living on the date of the Participant’s death. A person of the same
sex as the Participant shall be a Spouse, provided the couple was legally
married in a jurisdiction that authorizes same-sex marriage. Notwithstanding the
foregoing, a person of the same sex as the Participant shall not be a Spouse for
Plan purposes prior to June 26, 2013. 2.64 Testing Compensation “Testing
Compensation” means the amount of compensation the Committee determines for all
eligible Employees for a Plan Year under Treasury Regulation Section
1.414(s)-1(c)(4), including, effective as of January 1, 2009, any differential
wage payments (as defined in Code Section 3401(h)(2)). 2.65 Trust “Trust” means
the trust agreement between the Company and the Trustee, as it may be amended
from time to time, and the trust created thereby.

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[exhibit10r021.jpg]
-14- 2.66 Trust Fund “Trust Fund” means all money, stocks, bonds, securities,
and other property held or acquired by the Trustee in accordance with the Plan
and the Trust. 2.67 Trustee “Trustee” means the person appointed to act as
Trustee under the Trust, including any successor Trustee. 2.68 Vesting Service
“Vesting Service” means service credited for purposes of determining a
Participant’s right to a nonforfeitable benefit under the Plan, as determined in
accordance with SECTION 8. Vesting Service means service as an Employee with any
Related Employer, determined as the aggregate of all time period(s) commencing
with the Employee’s Employment or Reemployment Date and ending on the date on
which the Employee incurs a Separation From Service. Fractional periods of a
year shall be expressed in terms of months or days. If an Employee was employed
by an entity that was subsequently acquired by a Related Employer, such Employee
shall not receive Vesting Service for service with such entity prior to its
acquisition by the Related Employer, except as determined by the Committee in
its sole discretion, provided such determination is applied uniformly to all
similarly situated Employees. Notwithstanding the foregoing, effective as of
October 1, 2010, each Participant who was a participant in the VESystems 401(k)
Plan on or before October 1, 2010 shall earn one year of Vesting Service for
each Plan Year in which he or she completes 1,000 Hours of Service. Such
Participant shall be credited with 190 hours of Vesting Service for each month
in which he or she performs an Hour of Service. Such Participant’s period of
employment with VESystems, LLC that would have been taken into account as “Years
of Service” under the VESystems 401(k) Plan prior to October 1, 2010 shall be
counted in full for purposes of determining such Participant’s Vesting Service.
2.69 Year of Eligibility Service “Year of Eligibility Service” means any
consecutive twelve-month period of employment during which an Employee completes
1,000 or more Hours of Service. The first consecutive twelve-month period to be
taken into account for this purpose shall be the consecutive twelve- month
period commencing with the Employee’s Employment or Reemployment Date. All
subsequent periods to be taken into account for this purpose shall be the
consecutive twelve- month periods commencing on the anniversaries of the
Employee’s Employment or Reemployment Date. An Employee does not complete a Year
of Eligibility Service before the end of the twelve-consecutive month period
regardless of when during such period the Employee completes the required number
of Hours of Service.

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[exhibit10r022.jpg]
-15- SECTION 3 ELIGIBILITY AND PARTICIPATION 3.1 Participation Prior to
Effective Date Each Employee who was a Participant in the Plan immediately prior
to the Effective Date shall continue to as a Participant on and after the
Effective Date, subject to Subsection 3.4. 3.2 Eligibility for Participant and
Matching Contributions If otherwise permitted by the Plan or the applicable
Employer, each Employee who is not described in Subsection 3.1 shall become a
Participant with respect to Pre-Tax, After-Tax, Catch-Up and Matching
Contributions (if applicable) on his or her Employment or Reemployment Date,
subject to Paragraphs (a), (b), (c) and (d) below: (a) Except as provided in
Paragraph (b), (c) or (d) below, each Seasonal Employee shall become a
Participant with respect to Pre-Tax, After-Tax, Catch-Up and Matching
Contributions on the first day following the date on which he or she completes
one Year of Eligibility Service or any day thereafter. (b) Each IAM Local 701
Employee and each Sheet Metal Workers Local 265 Employee shall become a
Participant with respect to Pre-Tax, After-Tax, Catch- Up or Matching
Contributions on the first day of the calendar quarter following his or her
Employment or Reemployment Date or any day thereafter; provided, however, that
each such Employee who is a Seasonal Employee shall become a Participant with
respect to Pre-Tax, After-Tax, Catch-Up and Matching Contributions on the first
day of the calendar quarter following the date on which he or she completes a
Year of Eligibility Service or any day thereafter. (c) Each Guzzler Union
Employee shall become a Participant with respect to Pre- Tax, After-Tax or
Catch-Up Contributions on the first day of the calendar quarter following his or
her Employment or Reemployment Date or any day thereafter; provided, however,
that each such Employee who is a Seasonal Employee shall become a Participant
with respect to Pre-Tax, After-Tax or Catch-Up Contributions on the first day of
the calendar quarter following the date on which he or she completes a Year of
Eligibility Service or any day thereafter. In no event shall a Guzzler Union
Employee become a Participant with respect to Matching Contributions. (d) Each
IBEW Local 134 Employee shall become a Participant with respect to Pre- Tax,
After-Tax, Catch-Up or Matching Contributions on his or her 91st day of
employment with an Employer or any day thereafter; provided, however, that each
such Employee who is a Seasonal Employee shall become a Participant with respect
to Pre-Tax, After-Tax, Catch-Up and Matching Contributions on the 91st day of
employment with an Employer following the date on which he or she completes a
Year of Eligibility Service or any day thereafter.

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[exhibit10r023.jpg]
-16- 3.3 Eligibility for Retirement Contributions If otherwise permitted by the
Plan or the applicable Employer, each Employee who is not described in
Subsection 3.1 shall become a Participant with respect to Retirement
Contributions (if applicable) after completing 30 days of employment with the
Employer, regardless of whether the Participant has elected to make Pre-Tax
Contributions, subject to Paragraphs (a), (b) and (c) below: (a) Except as
provided in Paragraph (b) or (c) below, each Seasonal Employee shall become a
Participant with respect to Retirement Contributions on the first day following
the date on which he or she completes one Year of Eligibility Service or any day
thereafter. (b) Each IBEW Local 134 Employee shall become a Participant with
respect to Retirement Contributions on his or her 91st day of employment with an
Employer or any day thereafter; provided, however, that each such Employee who
is a Seasonal Employee shall become a Participant with respect to Retirement
Contributions on the 91st day of employment with an Employer following the date
on which he or she completes a Year of Eligibility Service or any day
thereafter. (c) Notwithstanding any provision of the Plan to the contrary, the
following Employees are not eligible to become Participants with respect to
Retirement Contributions: IAM Local 701 Employees, Sheet Metal Workers Local 265
Employees and Guzzler Union Employees. 3.4 Ineligible Employees Notwithstanding
any provision of the Plan to the contrary, the following Employees shall not
become Participants for any purpose: (a) Non-union apprentices; (b) Student
interns; and (c) Employees whose employment is governed by a collective
bargaining agreement that does not provide for participation in the Plan. If an
Employee ceases to be covered under a collective bargaining agreement but
continues as an Employee, such Employee shall become a Plan Participant on the
later of the applicable date determined in the above Subsections and the date he
or she ceases to be covered under a collective bargaining agreement, in each
case provided he or she is an Employee on that date. 3.5 Period of Participation
An Employee who becomes a Participant shall continue as a Participant until the
later to occur of the date of the Participant’s Severance From Service or the
date on which all the Participant’s Accounts have been distributed. For all
purposes of the Plan:

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[exhibit10r024.jpg]
-17- (a) A period of leave of absence shall not interrupt continuity of
participation; (b) A determination that a Participant has a Disability shall not
interrupt continuity of participation; and (c) The transfer of employment from
an Employer to a Related Employer shall not interrupt continuity of
participation. If a Participant incurs a Severance From Service, he or she shall
be ineligible to make or receive Plan contributions except as provided in
SECTION 5, ineligible to initiate a new Plan loan, and ineligible to receive an
in-service withdrawal. 3.6 Reemployment If a Participant incurs a Severance From
Service and is subsequently reemployed by a Related Employer, his or her Years
of Eligibility Service and Vesting Service shall be reinstated, as follows: (a)
If the Participant is reemployed within twelve months after the date he or she
is first absent from active employment, his or her Years of Eligibility Service
and Vesting Service at his or her Severance From Service date shall be
reinstated upon his or her reemployment. The Participant shall receive credit
for Vesting Service for the period between the date he or she is first absent
from active employment and the date of his or her reemployment. (b) If the
Participant is reemployed after twelve months have elapsed from the date he or
she is first absent from active employment and: (i) The Employee made Pre-Tax
Contributions or was at least partially vested in any Matching Contributions or
Retirement Contributions made to the Plan on his or her behalf, and the
consecutive years of the Participant’s Break in Service were less than five: (A)
His or her Years of Eligibility Service shall be reinstated; and (B) His or her
pre-Break in Service Vesting Service and post- Break in Service Vesting Service
shall apply with respect to any Matching Contributions and Retirement
Contributions made before and after his or her reemployment. (ii) The
Participant made Pre-Tax Contributions or was at least partially vested in any
Matching Contributions or Retirement Contributions made to the Plan on his or
her behalf, and the consecutive years of the Participant’s Break in Service were
equal to or greater than five:

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[exhibit10r025.jpg]
-18- (A) His or her Years of Eligibility Service shall be reinstated; and (B)
His or her pre-Break in Service Vesting Service shall be reinstated with respect
to Matching Contributions and Retirement Contributions made after his or her
reemployment, but any post-Break in Service Vesting Service with which the
Participant is credited shall not apply to Matching Contributions or Retirement
Contributions made before his or her reemployment. (iii) The Participant did not
make Pre-Tax Contributions or was not vested in any Matching Contributions or
Retirement Contributions made on his or her behalf to the Plan, and the
consecutive years of his or her Break in Service were equal to or greater than
five, the Participant shall be considered a new Employee for purposes of Years
of Eligibility Service and Vesting Service.

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[exhibit10r026.jpg]
-19- SECTION 4 PARTICIPANT AND MATCHING CONTRIBUTIONS 4.1 Pre-Tax Contributions
Each Participant may make Pre-Tax Contributions by electing to defer an amount
of Compensation before the imposition of Federal income taxes. Subject to the
conditions and limitations of the Plan, each Participant may elect on an
Approved Form of Election to make Pre-Tax Contributions for each Plan Year in
whole percentages of 1% up to 40% of Compensation. For this purpose,
Compensation shall only include Compensation paid during the period that the
Participant’s election to make Pre-Tax Contributions is in effect. An Employee
is not required to make Pre-Tax Contributions in order to participate in the
Plan. (a) Deemed Pre-Tax Contribution Rate. Each Participant whose participation
in the Plan is not subject to a collective bargaining agreement and who does not
make an affirmative Pre-Tax Contribution election (including an election to not
make Pre-Tax Contributions) within 30 days of first becoming eligible shall be
deemed to have elected an Pre-Tax Contribution rate of 2% of Compensation for
the Plan Year. Prior to the date on which such deemed Pre-Tax Contribution rate
becomes effective, each Participant described in the preceding sentence shall be
provided with a notice explaining his or her right to not make Pre-Tax
Contributions (or to elect a different Pre-Tax Contribution rate) and, after
receiving such notice, shall have a reasonable period before the deemed Pre-Tax
Contribution rate becomes effective in which to elect to receive the
Compensation in the form of cash in lieu of making Pre-Tax Contributions. (b)
Carryover Pre-Tax Contribution Rate. Each Participant, who, immediately before
becoming a Participant in this Plan, was an active participant in a Prior Plan
and had an election to make Code Section 401(k) compensation deferrals on file
under the Prior Plan, shall be deemed to have elected the same percentage of
Pre-Tax Contributions as he or she elected under the Prior Plan until he or she
makes a Pre-Tax Contribution election under this Subsection 4.1. Each
Participant who was eligible to participate in a Prior Plan but did not have an
election to make Code Section 401(k) compensation deferrals on file under the
Prior Plan shall be deemed to have elected a Pre-Tax Contribution rate of 2% of
Compensation for the Plan Year. Prior to the date on which such deemed Pre-Tax
Contribution rate becomes effective, each Participant described in the preceding
sentence shall be provided with a notice explaining his or her right to not make
Pre-Tax Contributions (or to elect a different Pre-Tax Contribution rate) and,
after receiving such notice, shall have a reasonable period before the deemed
Pre-Tax Contribution rate becomes effective in which to elect to receive the
Compensation in the form of cash in lieu of making Pre-Tax Contributions.
Notwithstanding the foregoing, if a Participant described in this Paragraph was
ineligible to make Code Section 401(k) compensation deferrals under the Prior
Plan immediately before the date the Prior Plan merged into the Plan because he
or she had taken a hardship withdrawal under the Prior Plan, then he or she
shall become eligible to

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[exhibit10r027.jpg]
-20- make Pre-Tax Contributions in accordance with this Paragraph (b)
immediately following the end of the six-month period commencing on the
effective date of the hardship withdrawal. (c) Automatic Annual Increase in
Pre-Tax Contribution Rate. Subject to the conditions and limitations of the
Plan, each Participant whose participation in the Plan is not subject to a
collective bargaining agreement shall be deemed to have elected to increase his
or her Pre-Tax Contribution rate by one percentage point effective each January
1; provided, that such automatic annual increase shall not apply to the extent
such increase would cause the Participant’s Pre-Tax Contribution rate to exceed
10%. Prior to the commencement of the automatic annual increase (and each
subsequent January 1), each eligible Participant shall be provided with a notice
explaining his or her right to decline participation in the automatic annual
increase and, after receiving such notice, shall have a reasonable period before
the automatic annual increase becomes effective to decline participation. This
automatic annual increase shall not apply in future years to a Participant who
has previously declined participation, unless such Participant makes an
affirmative election to participate in the automatic annual increase or ceases
to be eligible to participate in the Plan and again becomes a Participant under
Subsection 3.2. 4.2 After-Tax Contributions Each Participant may also make
After-Tax Contributions by electing to contribute an amount from his or her
Compensation after the imposition of Federal income taxes. Subject to the
conditions and limitations of the Plan, each Participant may elect on an
Approved Form of Election to make After-Tax Contributions in whole percentages
of 1% to 6% of Compensation. A Participant’s After-Tax Contributions may be made
by regular payroll deductions or in any other method approved by the Committee.
4.3 Catch-Up Contributions All Participants who are eligible to make Pre-Tax
Contributions and who have attained (or shall attain) age 50 before the close of
the Plan Year may elect on an Approved Form of Election to make Catch-Up
Contributions for each Plan Year in whole percentages of 1% to 40% of
Compensation, subject to the limitations of Code Section 414(v). The Plan shall
not be treated as failing to satisfy the provisions of the Plan implementing the
requirements of Code Section 401(k)(3), 410(b), or 416, as applicable, by reason
of a Participant’s Catch-Up Contributions. 4.4 Rules Applicable to Participant
Contributions An Employer may limit the maximum contribution percentage of
Pre-Tax, After-Tax, and Catch-Up Contributions, provided such policy does not
impermissibly discriminate against Employees who are not Highly Compensated
Employees. Each Participant may elect to change, discontinue or resume Pre-Tax,
After-Tax, or Catch-Up Contributions at any time by an Approved Form of
Election; provided, however, that a Participant who is also a participant in the
Federal Signal Corporation Savings Restoration Plan may not change, cease or
otherwise modify

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[exhibit10r028.jpg]
-21- the amount of his or her Pre-Tax Contribution election after December 31
for Compensation that otherwise would have been payable to him or her in the
subsequent taxable year or years. Any Approved Form of Election shall be
effective on the first day of the first payroll period for which the Employer
can process such election. The Committee may establish additional rules
regarding the timing and frequency of a change in the amount of Pre-Tax,
After-Tax or Catch-Up Contributions, provided such policy is applied uniformly
to all similarly situated Participants. 4.5 Timing of Participant Contributions
Each Employer shall make a contribution to the Plan equal to the amount of
Pre-Tax, After-Tax, and Catch-Up Contributions made by each Participant employed
by that Employer. Such contributions shall be paid to the Trustee as soon as
practicable following the reduction in Participants’ Compensation, but in no
event more than 15 business days after the end of the month in which the
reduction in Compensation is made. 4.6 Rollover Contributions At the direction
of the Committee, at such time as the Committee determines, and in accordance
with such rules as the Committee may establish from time to time, the Plan shall
accept Rollover Contributions on behalf of an Employee who is eligible to make
Pre-Tax Contributions. A Rollover Contribution may be made from: (a) A
tax-qualified plan described in Code Sections 401(a) or 403(a), including after-
tax employee contributions (“After-Tax Rollover Contribution”), but excluding
designated Roth contributions made under a qualified Roth contribution program;
(b) An annuity contract described in Code Section 403(b), excluding after-tax
employee contributions and designated Roth contributions made under a qualified
Roth contribution program; (c) An eligible plan under Code Section 457(b) that
is maintained by a state, political subdivision of a state, or any agency or
instrumentality of a state or political subdivision of a state; and (d) An
individual retirement account or annuity described in Code Sections 408(a) or
(b) that is eligible to be rolled over to a plan qualified under Code Section
401(a) and that would otherwise be includible in gross income. An eligible
Employee may make a Rollover Contribution provided that such distribution is
received by the Trustee within 60 days after the Employee’s receipt of such
payment, or such amount is directly transferred to the Trust Fund from such
other above plan, provided that After- Tax Rollover Contributions must be
directly transferred to the Plan. The Plan shall separately account for Rollover
Contributions and After-Tax Rollover Contributions. The Employee must furnish
the Employer or its designee an Approved Form of Election, including a written
statement that the contribution is a Rollover Contribution and such other
statements and information as may be required by the Committee or its designee
in order to establish that such Rollover Contribution otherwise meets the
requirements of law. If the Committee learns that all or part of a Rollover
Contribution did not meet the requirements of the Code and the Treasury

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[exhibit10r029.jpg]
-22- Regulations and rulings thereunder, the Committee shall direct the Trustee
to distribute to the Participant the ineligible portion of the Rollover
Contribution (and earnings thereon) that was credited to the Participant’s
Account. 4.7 Uniformed Service Absence Notwithstanding any provision of this
Plan to the contrary, contributions, benefits and service credit with respect to
qualified military service shall be provided in accordance with Code Section
414(u) and, effective as of January 1, 2007, the Heroes Earnings Assistance
Relief Tax Act of 2008.

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[exhibit10r030.jpg]
-23- SECTION 5 EMPLOYER CONTRIBUTIONS 5.1 Matching Contributions The Employers
shall make Matching Contributions to the Plan in accordance with Paragraphs (a),
(b) and (c) below: (a) General Rule. Subject to the conditions and limitations
of the Plan, the Employer of each eligible Participant who is not an IAM Local
701 Employee, a Sheet Metal Workers Local 265 Employee or an IBEW Local 134
Employee shall make Matching Contributions each payroll period in an amount
equal to 50% of the first 6% of Compensation that the Participant contributes as
Pre-Tax Contributions during the applicable pay period. (b) IAM Local 701
Employees and Sheet Metal Workers Local 265 Employees. Subject to the conditions
and limitations of the Plan, the Employer of each eligible Participant who is an
IAM Local 701 Employee or a Sheet Metal Workers Local 265 Employee shall make
Matching Contributions each payroll period in an amount computed in accordance
with the following table, based on the first 3% of Compensation that the
Participant contributes as Pre-Tax Contributions during the applicable pay
period: Years of Plan Participation Matching Contribution Percentage Less than 1
50% 1 but less than 2 55% 2 but less than 3 65% 3 but less than 4 80% 4 or more
100% (c) IBEW Local 134 Employees. Subject to the conditions and limitations of
the Plan, the Employer of each eligible Participant who is an IBEW Local 134
Employee shall make Matching Contributions each payroll period in an amount
computed in accordance with the following table, based on the first 3% of
Compensation that the Participant contributes as Pre-Tax Contributions during
the applicable pay period: Years of Plan Participation Matching Contribution
Percentage Less than 1 50% 1 but less than 3 75% 3 or more 100%

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[exhibit10r031.jpg]
-24- No Matching Contributions shall be paid on Catch-Up Contributions,
including Catch-Up Contributions that are recharacterized as Pre-Tax
Contributions because a Code or Plan limit was not met. If, because of the
limitations of Subsection 8.3, a Participant is prevented from making Pre-Tax
Contributions of 6% of his or her Compensation for any pay period, any Pre-Tax
Contributions in excess of such applicable percentage of his or her Compensation
that he or she had made previously during the Plan Year shall be treated, for
purposes of this Subsection, as though they were made (up to the applicable
percentage of his or her Compensation) during the pay period the Participant was
so prevented from making Pre-Tax Contributions. 5.2 Retirement Contributions The
Employers shall make Retirement Contributions to the Plan in accordance with
Paragraphs (a) and (b) below: (a) General Rule. Subject to the conditions and
limitations of the Plan, the Employer of each eligible Participant who is not an
IBEW Local 134 Employee shall make Retirement Contributions each payroll period
in an amount calculated as a percentage of the Participant’s Compensation, using
a points-weighted formula based on the Participant’s age and full years of
Vesting Service determined each January 1, in accordance with the following
table: Points as of January 1 (Age + Years of Vesting Service) Retirement
Contribution Percentage 35 or less 1% 36 to 50 2% 51 or more 4% (b) IBEW Local
134 Employees. Subject to the conditions and limitations of the Plan, the
Employer of each eligible Participant who is an IBEW Local 134 Employee shall
make Retirement Contributions each payroll period in an amount calculated based
on the Participant’s years of Vesting Service, including years of Vesting
Service with a Related Employer prior to January 1, 2009, in accordance with the
following table: Years of Vesting Service as of January 1 Retirement
Contribution Percentage 0-5 1% 6-14 3% 15 or more 4%

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[exhibit10r032.jpg]
-25- 5.3 Payment, Limitations, Verification, and Form of Payment of Employer
Contributions (a) Matching Contributions for a payroll period shall be paid to
the Trustee and shall be credited to the Participant’s Match Account in
accordance with such rules as the Committee shall establish. (b) Retirement
Contributions for a payroll period shall be paid to the Trustee and shall be
credited to the Participant’s Retirement Account in accordance with such rules
as the Committee shall establish. (c) The certificate of an independent
certified public accountant selected by the Committee as to the accuracy of any
amount or calculation under this SECTION 5 shall be conclusive on all persons.
(d) In no event shall an Employer’s share of the contributions described in this
SECTION 5 exceed an amount equal to the maximum amount deductible on account
thereof by that Employer for purposes of Federal income taxes for the fiscal
year for which the contribution is made. (e) Payment to the Trustee of part or
all of an Employer’s share of the contributions described in this SECTION 5
shall be made in cash. (f) Matching and Retirement Contributions for any Plan
Year shall be due on the last day of the fiscal year for which the contribution
is made and, unless paid before, may be paid then or as soon as practicable
thereafter, without interest, but no later than the time prescribed by law for
filing the Employer’s Federal income tax returns for such fiscal year, including
extensions thereof.

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[exhibit10r033.jpg]
-26- SECTION 6 INVESTMENT AND FEDERAL SIGNAL STOCK PROVISIONS 6.1 Investment
Funds The ESOP portion of the Plan is designed to be primarily invested in the
Federal Signal Stock Fund, except that the Trustee may hold some of the assets
of the Federal Signal Stock Fund in cash pending investment, distribution,
reallocation or transfer. The Non-ESOP portion of the Plan shall be invested in
one or more Investment Funds designated by the Investment Committee in its
discretion for the investment of Participants’ Accounts. The Investment
Committee, in its discretion, may from time to time establish new Investment
Funds or eliminate existing Investment Funds. Contributions to the Plan may be
uninvested pending allocation to the Investment Funds. The investment manager of
each Investment Fund, or the Trustee if there is no investment manager, may
invest the Investment Fund in short term investments or hold the assets thereof
in cash pending investment, distribution, reallocation or transfer. 6.2
Investment Fund Elections and Transfers Each Participant may elect to invest his
or her Accounts in whole multiples of 1% up to 100% in any one or more of the
Investment Funds. The Participant’s investment election shall apply to all
contributions to his or her Accounts. If a Participant fails to make an
investment election, his or her Accounts shall be invested in the default
investment arrangement specified by the Investment Committee in accordance with
ERISA Section 404(c)(5) and related regulations until the Participant elects to
change the investment of such Accounts in accordance with this Subsection. In
accordance with rules established from time to time by the Committee, a
Participant may elect to change his or her investment election (in whole
multiples of 1% up to 100%) with respect to future contributions or transfer (in
whole multiples of 1% up to 100% or in any dollar amount) all or a part of his
or her Accounts from one or more Investment Fund to one or more different
Investment Funds. Furthermore, pursuant to rules established by the Plan or an
Investment Fund, the Investment Fund may restrict a Participant from
transferring into or out of the Investment Fund if the Plan or Investment Fund
determines that the Participant’s transfer activity would be detrimental to the
Investment Fund. Effective as of January 1, 2007, for any period during which
the Plan is an applicable defined contribution plan (as defined in Code Section
401(a)(35)) by virtue of holding publicly traded employer securities, the
Committee shall permit Participants and applicable beneficiaries to direct the
investment of their Accounts in accordance with Code Section 401(a)(35) and
applicable Treasury Regulations or other guidance issued thereunder. 6.3
Election Procedures Any election to invest Accounts, change investment for new
contributions, or make interfund transfers within the Plan (other than an
automatic investment election) must be made through an Approved Form of
Election. Any such election made before the Close of Business on a Business Day
shall be effective and valued as of the day such election is made. Any such

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[exhibit10r034.jpg]
-27- election made on a day other than a Business Day, or after the Close of
Business on a Business Day, shall be effective and valued as of the next
Business Day. Notwithstanding the foregoing, any election with respect to the
Federal Signal Stock Fund shall be subject to the availability of short-term
investments in such Fund. 6.4 Administration of Federal Signal Stock Fund Except
as otherwise provided in Subsection 6.5, distribution of the Participant’s ESOP
subaccounts, regardless of the Accounts in which they are held, shall be made
in-kind or in cash as directed by the Participant. Any in-kind distribution
shall be based on: (i) the total number of shares of Federal Signal Common Stock
in the Federal Signal Stock Fund that are attributable to such Participant’s
Accounts, valued in accordance with Subsection 6.10 as of the date of
distribution, and (ii) cash in the amount equal to the value of a distributable
fraction of a share of Federal Signal Common Stock in the Federal Signal Stock
Fund attributable to his or her Accounts. The Participant shall at all times
have the right to demand that the distribution of his or her ESOP subaccounts be
made in the form of shares of Federal Signal Common Stock. Notwithstanding the
previous sentence, if the Company’s charter or by-laws restrict the ownership of
substantially all outstanding shares of Federal Signal Common Stock to employees
or a trust defined in Code Section 401(a), the Committee shall make the entire
distribution in cash or in the form of shares of Federal Signal Common Stock,
subject to the requirement that such shares be immediately put to the Company
under a fair valuation formula. If Federal Signal Common Stock is distributed in
the form of cash, the Participant shall receive cash equal to the amount of the
“fair market value” of the Federal Signal Common Stock, valued in accordance
with Subsection 6.10 as of the date of distribution. For purposes of the shares
of Federal Signal Common Stock, which are readily tradable on an established
securities market, the term “fair market value” shall be determined based on the
prevailing market price. A Participant may elect to diversify any portion of his
or her Accounts that is invested in the Federal Signal Stock Fund into one or
more different Investment Funds offered under the Plan. To the extent
practicable, the Trustee shall follow all instructions with respect to the sale
or purchase of Federal Signal Common Stock held in the Federal Signal Stock
Fund. However, any election with respect to the Federal Signal Stock Fund shall
be subject to the availability of short-term investments, including but not
limited to cash, in such fund. 6.5 Dividend Election Any cash dividends paid
with respect to shares of Federal Signal Common Stock attributable to any of the
Participant’s Accounts invested in the Federal Signal Stock Fund may, as elected
by the Participant, be paid in cash to (i) the Plan and reinvested in Federal
Signal Common Stock (through the Federal Signal Stock Fund), (ii) the
Participant on the dividend payable date, or (iii) the Trustee and distributed
by the Trustee to the Participant no later than 90 days after the end of the
Plan Year in which paid to the Trustee. If a Participant fails to make an
affirmative election under this Subsection, the Participant shall be deemed to
have elected to have the dividend paid to the Plan and reinvested in the Federal
Signal Stock Fund. The Committee shall establish rules and procedures for the
election, including the procedures for determining the number of shares of
Federal Signal Common Stock in each Participant’s ESOP subaccounts on the record
date of the dividend. Notwithstanding any other provision of the Plan

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[exhibit10r035.jpg]
-28- to the contrary, the dividends to which this election applies shall be
fully vested. Reinvested dividends shall be paid to the Plan and credited to the
Participant’s ESOP subaccounts in proportion to the interest in the Federal
Signal Stock Fund attributable to each Participant’s Account. 6.6 Voting of
Shares in Federal Signal Stock Fund The Trustee shall notify each Participant of
each meeting of the Company’s shareholders and shall furnish to each Participant
copies of the proxy statements and other communications distributed to
shareholders in connection with any such meeting. Each Participant shall be
entitled to direct the Trustee as to the manner in which any voting rights of
shares of Federal Signal Common Stock attributable to his or her proportionate
interest (vested or unvested) in the Federal Signal Stock Fund are to be
exercised. The Trustee shall exercise the voting rights of such shares in
accordance with the most recent and timely direction received by the Trustee
from such Participant. If the Trustee does not receive direction with respect to
the voting of shares held in the Federal Signal Stock Fund within the time
specified in the notification, the Trustee shall vote such shares in the same
manner and in the same proportion as the shares for which the Trustee received
voting instructions. 6.7 Tendering of Shares in Federal Signal Stock Fund The
Trustee shall notify each Participant of any tender offer for, exchange of, or a
request or invitation for tenders of Federal Signal Common Stock and shall
request from each Participant instructions for the Trustee as to the tendering
of Federal Signal Common Stock credited to the Participant’s Accounts. A “tender
offer” shall mean any tender or exchange offer for, or request or invitation for
tenders or exchanges of, shares of Federal Signal Common Stock and shall include
any tender offer made by or on behalf of the Company. Each Participant shall
direct the Trustee on the tendering, depositing, selling, exchanging or
transferring of shares of Federal Signal Common Stock attributable to the
Participant’s proportionate interest in the Federal Signal Stock Fund pursuant
to any tender offer. The Trustee shall tender, deposit, sell, exchange or
transfer such shares (or shall retain such shares in the Federal Signal Stock
Fund) pursuant to a tender offer only in accordance with the most recent and
timely direction received by such Participant. However, if the Trustee does not
receive tender directions with respect to shares held in the Federal Signal
Stock Fund within the time specified in the notification, the Participants to
which such shares are attributable shall be deemed to have directed the Trustee
that such shares be retained in the Federal Signal Stock Fund subject to all
provisions of the Plan, the Trust Agreement, and applicable law. The proceeds of
any sale, exchange or transfer of shares of Federal Signal Common Stock pursuant
to the direction of a Participant in accordance with this Subsection shall be
allocated to Accounts in the same manner, in the same proportion, and as of the
same date as the shares were sold, exchanged or transferred. Pending receipt of
directions as to which of the remaining Investment Funds the proceeds should be
invested in, the proceeds shall be invested in the default investment
arrangement specified by the Investment Committee in accordance with ERISA
Section 404(c)(5) and related regulations.

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[exhibit10r036.jpg]
-29- 6.8 Confidentiality of Voting and Tender Directions Except to the extent
necessary to provide the Employers with information necessary to accurately
maintain Plan and Participant records, the Trustee shall use its best efforts
(i) to keep confidential the direction (or the absence thereof) from each
Participant in connection with the exercise of voting rights of shares held in
the Federal Signal Stock Fund, or with respect to any tender offer, and the
identity of such Participant, and (ii) not to divulge such direction or identity
to any person or entity, including, without limitation, the Company, any other
Employer and any Non-Participating Employer and any director, officer, employee
or agent thereof. It is the intent of this Subsection that the Company, each
other Employer, and each Non-Participating Employer and their directors,
officers, employees and agents not be able to ascertain the direction given (or
not given) by any Participant in connection with the exercise of voting rights
of such shares or with respect to any tender offer. To the extent that a
Participant, Beneficiary or Alternate Payee acts with respect to the exercise of
voting rights of shares held in the Federal Signal Stock Fund or the tender,
deposit, sale, exchange or transfer of such shares only, such Participant,
Beneficiary or Alternate Payee shall be a Fiduciary. 6.9 Invalidity of Voting or
Tender Procedures To the extent the Trustee exercises any fiduciary
responsibility with respect to the voting, tendering, or withdrawal of tender of
shares held in the Federal Signal Stock Fund, the Trustee shall, unless pursuant
to the requirements of ERISA or otherwise it is unlawful to do so, (i) take into
account directions timely received from Participants as valid direction with
respect to the exercise of voting rights or a tender offer, and (ii) to the
extent that the Trustee deems it appropriate, take into consideration any
relevant non-financial factors (in addition to any financial factors) bear in
the exercise voting rights or in the sale, exchange, transfer, or tender or in
the exercise of withdrawal rights. 6.10 Unitized Federal Signal Stock Fund
Participants invested in the Federal Signal Stock Fund hold units of such fund.
A unit of the Federal Signal Stock Fund holds shares of Federal Signal Common
Stock and cash. Each day, Additions to and Reductions from (each as defined
below) the Federal Signal Stock Fund are totaled. If the cash in the Federal
Signal Stock Fund is above or below the amount required to settle these trades,
shares of Federal Signal Common Stock are traded on the open market. At the
Close of Business on each Business Day, all transactions for such day are
combined and the total value of the Federal Signal Stock Fund is divided by the
number of units in such fund to determine the fund’s Net Asset Value (“NAV”).
NAV is the price used to determine the value of Participants’ ESOP subaccounts.
The number of shares of Federal Signal Common Stock in the Federal Signal Stock
Fund attributable at any particular time to the interest of a Participant shall
be the approximate product of the total number of shares then held in the
Federal Signal Stock Fund multiplied by a fraction, the numerator of which is
the value of the Federal Signal Stock Fund then in the Participant’s ESOP
subaccount and the denominator of which is the total value of the Federal Signal
Stock Fund. The value of a unit in the Federal Signal Stock Fund (“Closing Unit
Value”) shall be determined on each Business Day by dividing the fair market
value of such fund by the number

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[exhibit10r037.jpg]
-30- of units in such fund before taking into account Additions to and
Reductions from such fund. After the Closing Unit Value is determined at the
Close of Business on each Business Day, the total number of units in the Federal
Signal Stock Fund shall be re-determined to take into account new units
resulting from Additions to such fund and canceled units resulting from
Reductions from such fund. As of the Close of Business on such Business Day, the
total number of new units resulting from Additions to the Federal Signal Stock
Fund shall equal the total amount of the Additions to such fund divided by the
Closing Unit Value. As of the Close of Business on such Business Day, the total
number of units to be canceled under the Federal Signal Stock Fund shall equal
the total amount of Reductions from such fund divided by the Closing Unit Value.
Whenever all or any part of the balances in the Federal Signal Stock Fund is
reduced as a result of a Reduction, the reduced amount shall equal the Closing
Unit Value multiplied by the number of whole and fractional units credited to
such Accounts. For purposes of this Subsection, “Addition” means any amounts
added to the Federal Signal Stock Fund during the day as a result of
contributions to, reinstatement of Accounts and interfund transfers since the
Close of Business on the immediately preceding Business Day. For purposes of
this Subsection, “Reduction” means any amounts reduced from the Federal Signal
Stock Fund as a result of any in-service withdrawals, loans, distributions,
interfund transfers, return of any excess amounts, and forfeitures since the
Close of Business on the immediately preceding Business Day. 6.11 Valuation of
Investment Funds As of each Business Day, the Trustee shall report to the
Investment Committee the fair market value of the assets of each Investment Fund
and the number and value of units in the Federal Signal Stock Fund. The fair
market value of an Investment Fund shall be the value of such Investment Fund as
of the Close of Business on such Business Day. The number and value of units in
the Federal Signal Stock Fund shall be determined in accordance with Subsection
6.10. 6.12 Voting of Shares in Mutual Funds Shares of mutual funds held in a
Participant’s Accounts shall be voted on his or her behalf by the Trustee. In
making voting decisions on the mutual fund shares, the Trustee shall vote the
shares in the long-term, economic best interests of Plan Participants.

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[exhibit10r038.jpg]
-31- SECTION 7 ACCOUNTS 7.1 Participants’ Accounts The Committee shall maintain
or cause to be maintained the following separate Accounts for each Participant,
as applicable: (a) After-Tax Account. An After-Tax Account shall be maintained
for each Participant on whose behalf any After-Tax Contributions are made to
this Plan and/or any after-tax contributions were made under a Prior Plan. Such
contributions, and any earnings and losses on those contributions, shall be
allocated to the Participant’s After-Tax Account. (b) After-Tax Rollover
Account. An After-Tax Rollover Account shall be maintained for each Participant
on whose behalf any After-Tax Rollover Contributions have been made to this Plan
and/or any after-tax contributions have been transferred or rolled over from a
Prior Plan. Such contributions, and any earnings and losses on those
contributions, shall be allocated to the Participant’s After-Tax Rollover
Account. (c) Catch-Up Account. A Catch-Up Account shall be maintained for each
Participant on whose behalf any Catch-Up Contributions are made to this Plan
and/or any catch-up contributions were made under a Prior Plan. Such
contributions, and any earnings and losses on those contributions, shall be
allocated to the Participant’s Pre-Tax Account. (d) Match Account. A Match
Account shall be maintained for each Participant on whose behalf any Matching
Contributions are made to this Plan and/or any matching contributions were made
under a Prior Plan. Such contributions, and any earnings and losses on those
contributions, shall be allocated to the Participant’s Match Account. (e)
Pre-Tax Account. A Pre-Tax Account shall be maintained for each Participant on
whose behalf any Pre-Tax Contributions are made to this Plan and/or any pre- tax
contributions were made under a Prior Plan. Such contributions, and any earnings
and losses on those contributions, shall be allocated to the Participant’s
Pre-Tax Account. (f) Prior Plan ESOP Account. A Prior Plan ESOP Account shall be
maintained for each Participant on whose behalf contributions were made under an
employee stock ownership plan, which was maintained by Elgin Sweeper Company and
merged into this Plan. Such contributions, and any earnings and losses on those
contributions, shall be allocated to the Participant’s Prior Plan ESOP Account.
(g) Qualified Nonelective Account. A Qualified Nonelective Account shall be
maintained for each Participant on whose behalf any qualified nonelective

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[exhibit10r039.jpg]
-32- contributions are made to this Plan, any special retirement contributions
were made to this Plan prior to the Effective Date, and/or any qualified
nonelective contributions were made under a Prior Plan. Such contributions, and
any earnings and losses on those contributions, shall be allocated to the
Participant’s Qualified Nonelective Account. Such Account shall satisfy the
vesting requirements of Treasury Regulation Section 1.401(k)-1(c) and be subject
to the distribution requirements of Treasury Regulation Section 1.401(k)-1(d).
(h) Retirement Account. A Retirement Account shall be maintained for each
Participant on whose behalf any Retirement Contributions are made to this Plan,
any retirement transition contributions were made to this Plan prior to the
Effective Date, and/or any profit sharing contributions were made under a Prior
Plan. Such contributions, and any earnings and losses on those contributions,
shall be allocated to the Participant’s Retirement Account. (i) Rollover
Account. A Rollover Account shall be maintained for each Participant on whose
behalf any Rollover Contributions (other than After-Tax Rollover Contributions)
have been made to this Plan and/or any rollover contributions (other than
after-tax rollover contributions) have been transferred or rolled over from a
Prior Plan. Such contributions, and any earnings and losses on those
contributions, shall be allocated to the Participant’s Rollover Account. The
Committee may establish such rules and procedures relating to the maintenance,
adjustment, and liquidation of Participants’ Accounts, and the crediting of
contributions and income, losses, expenses, appreciation, and depreciation
attributable thereto, as are considered necessary or advisable. In addition to
the Accounts described above, the Committee may maintain such other Accounts in
the names of Participants or otherwise as the Committee considers necessary or
desirable. 7.2 ESOP Subaccounts The Committee shall maintain or cause to be
maintained separate subaccounts in the Accounts of each Participant to reflect
the value of the Participant’s balances in the ESOP portion of the Plan and the
Non-ESOP portion of the Plan. The ESOP subaccount shall reflect the portion of
each Account invested in the Federal Signal Stock Fund. The Non-ESOP subaccount
shall reflect the portion of each Account invested in all Investment Funds other
than the Federal Signal Stock Fund. 7.3 Adjustment of Accounts Pursuant to rules
established by the Committee and applied on a uniform basis, and subject to a
Participant’s dividend election under Subsection 6.5, a Participant’s or
Beneficiary’s Accounts shall be adjusted on each Business Day to reflect the
fair market value (as defined in Subsection 6.4) of the various Investment Funds
as of such date, including adjustments to reflect any distributions (including
withdrawals), contributions, rollovers, loans, transfers between Investment
Funds, income, losses, expenses, appreciation or depreciation with respect to
such

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[exhibit10r040.jpg]
-33- Accounts since the previous Business Day. Such Accounts shall continue to
be so adjusted until all amounts in such Accounts are paid. 7.4 Statement of
Account At such times and in such manner as determined by the Committee, each
Participant shall be furnished with a statement reflecting the condition of his
or her Accounts in the Trust Fund. 7.5 Accounts for Alternate Payees A separate
Account shall be established for an Alternate Payee entitled to any portion of a
Participant’s Account under a Qualified Domestic Relations Order in accordance
with procedures established by the Committee and applicable law. Such separate
Account shall be valued and accounted for in the same manner as any other
Account. Pursuant to the terms of the Qualified Domestic Relations Order, an
Alternate Payee may receive a distribution of his or her benefits in the same
manner as if such Alternate Payee were a Participant at any time after the
Qualified Domestic Relations Order has been approved by the Committee, without
regard to whether such distribution is made or commences prior to the
Participant’s earliest retirement age (as defined in Code Section 414(p)(4)(B)).
If a separate Account has been established on behalf of an Alternate Payee but
all of the amounts in the Account have not yet been distributed, the Alternate
Payee may direct the investment of such Account in the same manner as if such
Alternate Payee were a Participant. Subject to the Committee’s rules, an
Alternate Payee may designate one or more Beneficiaries to receive payment of
the Alternate Payee’s separate Account under the Plan in the same manner as if
such Alternate Payee were a Participant, except that the Alternate Payee may
designate an alternate Beneficiary other than his or her Spouse without such
Spouse’s consent. 7.6 Order and Timing of Withdrawals, Loans, and Distributions
Any amounts to be paid to a Participant, a Beneficiary, or an Alternate Payee
shall be withdrawn from his or her Accounts on a pro rata basis or in such other
order established by the Committee for withdrawals, loans, and distributions
from the Plan. The withdrawal, loan, or distribution shall be valued or
processed (i) as of the day on which such request is received by the Committee
or its designee, if such request is received before the Close of Business on a
Business Day, or (ii) as of the next Business Day, if such request is received
by the Committee or its designee on a day other than a Business Day or after the
Close of Business on a Business Day. In addition, each payment shall be charged
against the Investment Funds in the applicable Account on a pro rata basis.

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[exhibit10r041.jpg]
-34- SECTION 8 CONTRIBUTION AND BENEFIT LIMITATIONS 8.1 Contribution Limitations
For each Limitation Year, the Annual Addition to a Participant’s Account shall
not exceed the lesser of $53,000 (as adjusted for cost-of-living increases under
Code Section 415(d)) or 100% of the Participant’s Code Section 415 Compensation
for the Limitation Year, subject to the following: (a) The compensation limit
described above shall not apply to any contribution for medical benefits (within
the meaning of Code Section 401(h) or Code Section 419A(f)(2)) after severance
from employment that is otherwise treated as an Annual Addition. (b) The
Committee shall take any actions it deems advisable to avoid an Annual Addition
in excess of Code Section 415; provided, however, if a Participant’s Annual
Addition for a Limitation Year actually exceeds the limitations of this
Subsection, the Committee shall correct such excess in accordance with
applicable guidance issued by the Internal Revenue Service. Any such correction
of excess Annual Additions shall be charged against the Investment Funds in the
applicable Account on a pro rata basis; provided, however, that the reduction of
an excess Annual Addition of a director, officer or other principal stockholder
of the Company subject to the requirements of Section 16(b) of the Securities
Exchange Act of 1934 shall not decrease his or her interest in the Federal
Signal Stock Fund. (c) Annual Additions shall be subject to Code Section 415 and
applicable Treasury Regulations issued thereunder, the requirements of which are
incorporated herein by reference to the extent not specifically provided above
or in Subsection 8.2. 8.2 Combining of Plans In applying the limitations set
forth in Subsection 8.1, reference to the Plan shall mean this Plan and all
other defined contribution plans (whether or not terminated) maintained by the
Related Employers. In complying with the requirements of Subsection 8.1, a
Participant’s Annual Additions shall be limited by first reducing annual
additions under the plan under which the Participant is then currently covered
(or was most recently covered) as an active employee, then under the next most
recent plan that covered the Participant as an active employee, and so on in
reverse chronological order through all aggregated plans, until the
Participant’s Annual Additions have been reduced sufficiently to comply with
Code Section 415 and Subsection 8.1. 8.3 Dollar Limitations on Pre-Tax
Contributions No Participant shall make Pre-Tax Contributions under this Plan,
or elective deferrals under any other qualified plan maintained by an Employer,
during any calendar year in excess of $18,000 (or such other amount as the
Secretary of the Treasury shall specify from time to time

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[exhibit10r042.jpg]
-35- pursuant to Code Section 402(g)), excluding Catch-Up Contributions. As of
each December 31, the Committee or its designee shall determine the total
Pre-Tax Contributions made by each Participant during the calendar year. In the
event that the Pre-Tax Contributions for a Participant exceeds the above
limitation, such Excess Deferrals (and any income allocable thereto determined
in accordance with Subsection 8.6) shall be paid to the Participant by the
following April 15. If a Participant’s total Pre-Tax Contributions under this
Plan and any other plan of another employer for any calendar year exceed the
maximum annual amount described above, the Participant may notify the Committee
in writing (on or before March 1 of the next following calendar year) of the
Participant’s election to have all or a portion of the Participant’s Pre-Tax
Contributions (and the income allocable thereto determined in accordance with
Subsection 8.6) under this Plan distributed in accordance with this Subsection.
In addition, any Matching Contributions attributable to amounts distributed
under this Subsection (and any income allocable thereto determined in accordance
with Subsection 8.6) shall be forfeited and shall be used to reduce future
Matching Contributions of the Participant’s Employer under the Plan or to pay
expenses of the Plan. 8.4 Percentage Limitations on Pre-Tax Contributions In no
event shall the Average Deferral Percentage (defined below) of the Participants
who are Highly Compensated Employees for any Plan Year exceed the greater of:
(a) The Average Deferral Percentage of all other Participants for such Plan Year
multiplied by 1.25; or (b) The Average Deferral Percentage of all other
Participants for such Plan Year multiplied by 2.0, provided that the Average
Deferral Percentage of the Participants who are Highly Compensated Employees
does not exceed that of all other eligible Participants by more than two
percentage points. In accordance with applicable Treasury Regulations, an
eligible Employee’s “Average Deferral Percentage” for a Plan Year means the
ratio of A to B, where A equals the sum of the Pre-Tax Contributions actually
paid to the Trust on behalf of each such eligible Employee for a Plan Year, and
B equals the eligible Employee’s Testing Compensation for such Plan Year. From
time to time during the Plan Year, the Committee may determine whether the
limitation of this Subsection shall be satisfied and may limit the Pre-Tax
Contributions to be withheld on behalf of Highly Compensated Employees or may
refund Pre-Tax Contributions previously withheld. If, after the end of the Plan
Year, the limitations of this Subsection are not satisfied, the Committee shall
either refund Pre-Tax Contributions previously withheld on behalf of Highly
Compensated Employees or an Employer may make qualified nonelective employer
contributions. If Pre-Tax Contributions made on behalf of Highly Compensated
Employees are refunded to satisfy the limitations of this Subsection, the
Committee shall determine the amount of Excess Pre-Tax Contributions and shall
refund such amounts on the basis of the Highly Compensated Employees’
contribution amounts. “Excess Pre-Tax Contributions” mean the amount by which
Pre-Tax Contributions for a Plan Year made on behalf of Highly Compensated
Employees exceeds the above limitations. Excess Pre-Tax Contributions previously
withheld (and any income allocable thereto determined in accordance with
Subsection 8.6) shall be distributed

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[exhibit10r043.jpg]
-36- within 2½ months after the close of the Plan Year to which they relate. In
addition, any Matching Contributions attributable to such Excess Pre-Tax
Contributions (and any income allocable thereto determined in accordance with
Subsection 8.6) shall be forfeited and shall be used to reduce future Matching
Contributions of the Participant’s Employer or to pay Plan expenses. In order to
meet the above requirements and the requirements described in the following
Subsection, any Employer may establish a special rate of qualified nonelective
employer contributions applicable only to certain Participants who are not
Highly Compensated Employees of such Employer. The timing and amount of such
qualified nonelective employer contributions shall satisfy the requirements of
Treasury Regulations. 8.5 Percentage Limitations on Matching and After-Tax
Contributions Except for Participants subject to a collective bargaining
agreement, in no event shall the Average Contribution Percentage (defined below)
of the Participants who are Highly Compensated Employees for any Plan Year
exceed the greater of: (a) The Average Contribution Percentage of all other
Participants for such Plan Year multiplied by 1.25; or (b) The Average
Contribution Percentage of all other Participants for such Plan Year multiplied
by 2.0, provided that the Average Contribution Percentage of the Participants
who are Highly Compensated Employees does not exceed that of all other
Participants by more than two percentage points. In accordance with applicable
Treasury Regulations, an eligible Employee’s “Average Contribution Percentage”
for a Plan Year means the ratio of A to B, where A equals the After- Tax and
Matching Contributions made by or on behalf of each such eligible Employee for a
Plan Year, and B equals the eligible Employee’s Testing Compensation received by
the Employee for such Plan Year. From time to time during the Plan Year, the
Committee may determine whether the limitation of this Subsection shall be
satisfied and, to the extent necessary to ensure compliance with such
limitation, may limit the After-Tax Contributions to be withheld on behalf of
Highly Compensated Employees not subject to a collective bargaining agreement or
may refund After-Tax Contributions previously withheld. If, after the end of the
Plan Year, the limitations of this Subsection are not satisfied, the Committee
may refund After-Tax Contributions previously withheld on behalf of Highly
Compensated Employees not subject to a collective bargaining agreement. If the
limitation of this Subsection still is not satisfied after application of the
preceding sentence, the Committee may refund Matching Contributions previously
credited to Highly Compensated Employees not subject to a collective bargaining
agreement. If After-Tax Contributions or Matching Contributions made on behalf
of such Highly Compensated Employees are refunded to satisfy the limitation of
this Subsection, the Committee shall determine the amount of “Excess After-Tax
Contributions” or “Excess Matching Contributions” and shall refund such amounts
on the basis of such Highly Compensated Employees’ contribution amounts. “Excess
After-Tax Contributions” and “Excess Matching

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[exhibit10r044.jpg]
-37- Contributions” mean the amount by which After-Tax Contributions or Matching
Contributions for a Plan Year made by or on behalf of Highly Compensated
Employees exceed the above limitations. Excess After-Tax and Matching
Contributions previously withheld (and any income allocable thereto determined
in accordance with Subsection 8.6) shall be distributed within 2½ months after
the close of the Plan Year to which they relate. In lieu of distributing Excess
After-Tax or Matching Contributions, an Employer may make qualified nonelection
employer contributions described in the preceding Subsection. 8.6 Calculating
Income Allocable to Excess Deferrals and Contributions The income allocable to a
distribution to a Participant for a Plan Year (as required under Subsections
8.1, 8.3, 8.4, and 8.5) shall be determined under any method permitted under
Treasury Regulations and selected by the Committee, provided such method does
not discriminate in favor of Highly Compensated Employees, is used consistently
for all Participants and for all corrective distributions for the Plan Year, and
is based on the method for allocating income to Participants’ Accounts. No
income or loss shall be allocated to Excess Deferrals, Excess Pre-Tax
Contributions, Excess After-Tax Contributions, or Excess Matching Contributions
for the period between the end of the Plan Year in which such Excess Deferrals,
Excess Pre-Tax Contributions, Excess After-Tax Contributions and/or Excess
Matching Contributions arose and the date of distribution of such amounts. 8.7
Corrective Contributions/Reallocations In addition to the powers described in
Subparagraph 13.5(j), the Committee may take the following actions to correct
errors in the administration of the Plan: (a) If, with respect to any Plan Year,
an administrative error results in a Participant’s Account not being properly
credited with Pre-Tax Contributions, After-Tax Contributions, Rollover
Contributions, Matching Contributions or Retirement Contributions, or earnings
on any such amounts, the Committee may take corrective action, including, but
not limited to, one or more of the following corrective actions, in order to
place such Participant’s Account in the position that the Account would have
been in had no error occurred: (i) Direct additional contributions to be made to
such Participant’s Accounts; (ii) Reallocate existing contributions among the
Accounts of affected Participants; or (iii) Such other actions as it considers
desirable under the circumstances as are consistent with the principles of the
Employee Plans Compliance Resolution System set forth in Revenue Procedure
2008-50 and/or subsequent guidance published in the Internal Revenue Bulletin.
(b) If, with respect to any Plan Year, an administrative error results in an
amount being credited to the Account of a Participant or any other individual
who is not

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[exhibit10r045.jpg]
-38- otherwise entitled to such amount, the Committee may take corrective
action, including but not limited to: (i) Direct the forfeiture of amounts
erroneously credited (with such forfeitures to be used to reduce future Employer
contributions or other contributions to the Plan); (ii) Reallocate such
erroneously credited amounts to other Participants’ Accounts; or (iii) Such
other actions as it considers desirable under the circumstances as are
consistent with the principles of the Employee Plans Compliance Resolution
System set forth in Revenue Procedure 2008-50 and/or subsequent guidance
published in the Internal Revenue Bulletin.

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[exhibit10r046.jpg]
-39- SECTION 9 VESTING AND FORFEITURES 9.1 Participant Contributions A
Participant shall at all times be 100% vested in his or her Pre-Tax, After-Tax,
Catch- Up, Rollover and After-Tax Rollover Accounts. 9.2 Matching Contributions
Each Participant, who terminates employment with the Related Employers on or
after Normal Retirement Age or by reason of death or Disability (or by reason of
death (effective as of January 1, 2007) or Disability while performing qualified
military service (within the meaning of Code Section 414(u)(5)), shall be 100%
vested in the Matching Contributions made to his or her Match Account. Each
other Participant shall vest in his or her Matching Contributions as described
below. (a) Except as provided in Paragraph (b), (c), (d), (e) or (f) below, each
Participant shall vest in his or her Match Account in accordance with the
following table: Number of Years of Vesting Service Vesting Percentage Less than
3 0% 3 or more 100% (b) Each Participant described in Subparagraphs (i), (ii),
(iii) and (iv) below shall vest in his or her Match Account in accordance with
the following table: Number of Years of Vesting Service Vesting Percentage Less
than 1 0% 1 but less than 2 50% 2 but less than 3 75% 3 or more 100% (i) Each
Participant who is an IAM Local 701 Employee or a Sheet Metal Workers Local 265
Employee; (ii) Each Participant who is an IBEW Local 134 Employee (with respect
to Matching Contributions received prior to January 1, 2009 only); (iii) Each
Participant who received Matching Contributions prior to January 1, 2007; and

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[exhibit10r047.jpg]
-40- (iv) Each Participant who was an eligible Employee of ClappDico
Corporation, Dayton Progress Corporation, Manchester Tool Company, On Time
Machining Company, or PCS Company. (c) Each Participant who is an IBEW Local 134
Employee shall vest in his or her Match Account, with respect to Matching
Contributions made on or after January 1, 2009 only, in accordance with the
following table: Number of Years of Vesting Service Vesting Percentage 1 or less
50% Greater than 1, but less than 3 75% 3 or more 100% (d) (d) Effective as of
October 1, 2010, each Participant who was a participant in the VESystems 401(k)
Plan on or before October 1, 2010 shall vest in his or her Match Account in
accordance with the following table: Number of Years of Vesting Service Vesting
Percentage Less than 1 0% 1 but less than 2 40% 2 or more 100% (e) Effective as
of the date a Prior Plan merges with and into the Plan, each Participant who was
a participant in such Prior Plan shall be 100% vested in the portion of his or
her Match Account attributable to matching contributions transferred from such
Prior Plan. (f) The following Participants shall be 100% vested in their Match
Accounts: (i) each Participant who was employed by Jamestown Precision Tooling,
Inc. and terminated employment due to a plant closing after March 1, 2003; (ii)
each Participant who was employed by Federal Sign, Inc. on April 30, 2003; (iii)
each Participant who was employed by E-One New York, Inc. as of September 18,
2004 and who worked until his or her scheduled termination date; (iv) each
Participant who was employed by Technical Tooling, Inc. on December 3, 2004; (v)
each Participant who was employed by Justrite Manufacturing Company LLC on
December 15, 2004; (vi) each Participant who was employed by Allied Tool
Products, Inc. on December 28, 2004; (vii) each Participant who was employed by
ClappDico Corporation, Manchester Tool Company or On Time Machining Company on
January 31, 2007; (viii) each Participant who was a participant in the PIPs
Technology, Inc. 401(k) Plan on or before January 1, 2008; (ix) each Participant
who was employed by Dayton Progress Corporation or PCS Company on April 21,
2008; (x) each Participant who was employed by E-One, Inc. on

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[exhibit10r048.jpg]
-41- August 4, 2008, and (xi) each Participant who was employed by Pauluhn
Electric Manufacturing Company, LLP on November 23, 2009, and (xii) each
Participant who was employed by Federal APD, Inc., PIPs Technology, Inc., Sirit
Corp. or VESystems, LLC on September 4, 2012. 9.3 Retirement Contributions Each
Participant, who terminates employment with the Related Employers on or after
Normal Retirement Age or by reason of death or Disability (or by reason of death
(effective as of January 1, 2007) or Disability while performing qualified
military service (within the meaning of Code Section 414(u)(5)), shall be 100%
vested in the Retirement Contributions made to his or her Retirement Account.
Each other Participant shall vest in his or her Retirement Contributions as
described below. (a) Except as provided in Paragraph (b), (c), (d) or (e) below,
each Participant shall vest in his or her Retirement Account in accordance with
the following table: Number of Years of Vesting Service Vesting Percentage Less
than 3 0% 3 or more 100% (b) Each Participant described in Subparagraphs (i) and
(ii) below shall vest in his or her Retirement Account in accordance with the
following table: Number of Years of Vesting Service Vesting Percentage Less than
1 0% 1 but less than 2 50% 2 but less than 3 75% 3 or more 100% (i) Each
Participant who is a non-union Employee of Manchester Tool Company; or (ii) Each
Participant who received Retirement Contributions prior to January 1, 2007 and
was employed by Elgin Sweeper Company, Jamestown Precision Tooling, Inc.,
Justrite Manufacturing Company LLC, Technical Tooling, Inc., or, with respect to
Retirement Contributions received prior to January 1, 2003 only, E-One, Inc. or
Victor Products USA, Inc. (c) Each Participant who is an IBEW Local 134 Employee
shall vest in his or her Retirement Account in accordance with the following
table:

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[exhibit10r049.jpg]
-42- Number of Years of Vesting Service Vesting Percentage 1 or less 50% Greater
than 1, but less than 3 75% 3 or more 100% (d) Effective as of the date a Prior
Plan merges with and into the Plan, each Participant who was a participant in
such Prior Plan shall be 100% vested in the portion of his or her Retirement
Account attributable to profit sharing contributions transferred from such Prior
Plan. (e) The following Participants shall be 100% vested in their Retirement
Accounts: (i) with respect to Retirement Contributions received on or after
January 1, 2003 only, each Participant who was employed by E-One, Inc., E-One
New York, Inc. or Victor Products USA, Inc.; (ii) each Participant who was
employed by Jamestown Precision Tooling, Inc. and terminated employment due to a
plant closing after March 1, 2003; (iii) each Participant who was employed by
E-One New York, Inc. as of September 18, 2004 and who worked until his or her
scheduled termination date; (iv) each Participant who was employed by Technical
Tooling, Inc. on December 3, 2004; (v) each Participant who was employed by
Justrite Manufacturing Company LLC on December 15, 2004; (vi) each Participant
who was employed by Manchester Tool Company on January 31, 2007; (vii) each
Participant who was a participant in the PIPs Technology, Inc. 401(k) Plan on or
before January 1, 2008; (viii) each Participant who was employed by E-One, Inc.
on August 4, 2008; and (ix) each Participant who was employed by Pauluhn
Electric Manufacturing Company, LLP on November 23, 2009; and (x) each
Participant who was employed by Federal APD, Inc., PIPs Technology, Inc., Sirit
Corp. or VESystems, LLC on September 4, 2012. 9.4 Qualified Nonelective
Contributions A Participant shall at all times be 100% vested in his or her
Qualified Nonelective Account. 9.5 Prior Plan ESOP Contributions A Participant
shall vest in his or her Prior Plan ESOP Account in accordance with the
following table: Number of Years of Vesting Service Vesting Percentage Less than
1 0% 1 but less than 2 50% 2 but less than 3 75% 3 or more 100%

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[exhibit10r050.jpg]
-43- 9.6 Amendments to Vesting Schedule No amendment to the Plan’s vesting
schedules shall deprive a Participant of nonforfeitable rights to benefits
accrued prior to the date of such amendment. If the Plan’s vesting schedule is
amended, each Participant with at least three years of Vesting Service may elect
to have his or her nonforfeitable percentage determined without regard to such
amendment. The period during which the election may be made shall commence with
the date the amendment is adopted and shall end on the later of 60 days after
the amendment is adopted, 60 days after the amendment is effective, and 60 days
after the Participant receives written notice of the amendment. 9.7 Forfeitures
Any portion of a Participant’s Accounts that do not vest shall be regarded as
forfeitures upon such Participant’s Severance From Service. All forfeited
amounts shall be used to reduce contributions of the Participant’s Employer or
to pay Plan expenses. Pending allocation to reduce Employer contributions, such
amounts shall be invested as directed by the Investment Committee or its
designee. 9.8 Reinstatement of Accounts for Rehires If an inactive Participant
who has made Pre-Tax Contributions resumes employment and again becomes a
Participant at any time, or if an inactive Participant who was partially vested
in any Matching Contributions or Retirement Contributions resumes employment and
again becomes a Participant before incurring a Break in Service of five years,
the portion of the Participant’s Accounts that was previously forfeited shall be
reinstated if (i) such Participant has not received a distribution from the
Plan, or (ii) such Participant received a distribution of less than the full
amount of his or her Accounts repays in cash the amount of his or her previously
distributed Accounts. Any such repaid amount shall be nonforfeitable. Reinstated
amounts shall be invested in the default investment arrangement specified by the
Investment Committee in accordance with ERISA Section 404(c)(5) and related
regulations until such Participant makes an investment election on an Approved
Form of Election with respect to such amounts. 9.9 Death Benefits under
Qualified Military Service Notwithstanding any provision of the Plan to the
contrary, effective as of January 1, 2007, in the case of a Participant who dies
while performing qualified military service (as defined in Code Section 414(u)),
the survivor(s) of the Participant shall be entitled to any additional benefits
(other than benefit accruals relating to the period of qualified military
service) provided under the Plan had the Participant resumed and then terminated
employment on account of death.

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[exhibit10r051.jpg]
-44- SECTION 10 PAYMENTS 10.1 Form of Payment Subject to Subsections 10.2 and
10.5, after each Participant’s Severance From Service, the vested value of the
Participant’s Accounts shall be paid to or for the benefit of the Participant or
his or her Beneficiary in one or more of the following forms of payment as the
Participant or his or her Beneficiary elects: (a) By a single payment in cash;
(b) By monthly, quarterly, semi-annual or annual installments in cash during a
period not to exceed the life expectancy of the Participant or the joint life
expectancy of the Participant and his or her designated Beneficiary determined
at the date payments begin; provided, however, that unless the Participant
elects otherwise, all distributions of the Participant’s ESOP Subaccounts shall
be made over a period not longer than five years, in compliance with Code
Section 409(o); or (c) By one or more payments in accordance with Paragraph (a)
or (b) above, except that such payment(s) shall be made in whole shares of
Federal Signal Common Stock, to the extent that the portion of such
Participant’s Account balances allocated to the Federal Signal Stock Fund is
evenly divisible by the fair market value of such stock on the Business Day as
of which such value is determined, and the remainder of such Participant’s
Account in cash. 10.2 Time of Payment Following a Participant’s Severance From
Service, distribution of the balance of a Participant’s Account shall be made or
commence as follows: (a) Consent Required. Payment of a Participant’s Accounts
(as determined pursuant to Subsection 10.1) shall be made pursuant to the
Participant’s request for payment and within the time frame established by the
Committee. If the vested value of a Participant’s Accounts exceeds $5,000, such
vested value shall not be paid without his or her consent. Unless a Participant
elects otherwise, payment of the Participant’s Accounts shall be paid in a
single cash payment not later than the 60th day after the close of the Plan Year
in which the latest of: (i) the Participant’s attainment of Normal Retirement
Age; (ii) the tenth anniversary of the Participant’s participation in the Plan,
and (iii) the Participant’s Severance From Service date. (b) Mandatory
Distributions. Notwithstanding any other provision of this SECTION 10 to the
contrary, the following rules shall apply to a Participant, Beneficiary or
Alternate Payee if the vested value of his or her Accounts does not exceed
$5,000 (excluding the balance in his or her Rollover Account and After-

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[exhibit10r052.jpg]
-45- Tax Rollover Account) and he or she does not make a distribution election
within the time frame established by the Committee: (i) Account Balance of
$1,000 or Less. If the Participant incurs a Severance From Service and if the
vested value of his or her Accounts (including the value of his or her Rollover
Account and After-Tax Rollover Account) does not exceed $1,000, he or she shall
receive payment of such vested value in a single cash payment in accordance with
rules and procedures established by the Committee; provided, that if the vested
value of a Participant’s Accounts is zero, then such vested value shall be
deemed paid to the Participant immediately. (ii) Account Balance Over $1,000. If
the Participant incurs a Severance From Service and if the vested value of his
or her Accounts (excluding the value of his or her Rollover Account and
After-Tax Rollover Account) is greater than $1,000 but less than or equal to
$5,000, such vested value shall be paid in a direct rollover to an individual
retirement plan designated by the Committee in accordance with rules and
procedures established by the Committee, unless the Participant otherwise elects
to have the value of his or her Accounts paid in a single payment in cash or
rolled over to an eligible retirement plan in accordance with Subsection 10.3.
10.3 Direct Rollover of Eligible Rollover Distribution If payment of a
Participant’s benefits constitutes an Eligible Rollover Distribution, then the
Participant or other Eligible Distributee may elect to have such distribution
paid directly to an Eligible Retirement Plan. (a) Eligible Distributee means (i)
an Employee or former Employee, (ii) an Employee’s or former Employee’s
surviving Spouse, (iii) the Employee’s or former Employee’s Spouse or former
Spouse who is the Alternate Payee under a Qualified Domestic Relations Order,
and (iv) an individual who is a non-Spouse designated Beneficiary (as defined by
Section 401(a)(9)(E) of the Code) of the Employee or former Employee. (b)
Eligible Retirement Plan means (i) an individual retirement account described in
Code Section 408(a), (ii) an individual retirement annuity described in Code
Section 408(b) (other than an endowment contract), (iii) an annuity plan
described in Code Section 403(a), (iv) a qualified trust described in Code
Section 401(a), (v) an annuity contract described in Code Section 403(b), (vi)
an eligible plan under Code Section 457(b) which is maintained by a state,
political subdivision of a state, or any agency or instrumentality of a state or
political subdivision of a state, or (vii) a Roth IRA as described in Code
Section 408A. The definition of an Eligible Retirement Plan shall also apply in
the case of a distribution to a surviving Spouse, or to a Spouse or former
Spouse who is the alternate payee under a Qualified Domestic Relations Order. In
the case of a non-Spouse

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[exhibit10r053.jpg]
-46- designated Beneficiary, an Eligible Retirement Plan includes only an
individual retirement account or annuity described in Code Section 408(a) or (b)
or 408A, solely to the extent permitted under Code Section 402(c)(11) and the
Treasury Regulations and other guidance issued thereunder. (c) Eligible Rollover
Distribution means any distribution of all or any portion of the balance to the
credit of the Eligible Distributee, except that an Eligible Rollover
Distribution does not include: (i) any distribution that is one of a series of
substantially equal periodic payments (not less frequently than annually) made
for the life (or life expectancy) of the Eligible Distributee or the joint lives
(or joint life expectancies) of the Eligible Distributee and the Eligible
Distributee’s designated Beneficiary, or for a specified period of ten years or
more, (ii) any distribution to the extent such distribution is required under
Code Section 401(a)(9), (iii) any distribution made on account of financial
hardship, and (iv) any distribution of less than $200. A portion of a
distribution shall not fail to be an Eligible Rollover Distribution merely
because the portion consists of After-Tax Contributions which are not includible
in gross income. However, such portion may be transferred to an individual
retirement account described in Code Section 408(a), an individual retirement
annuity described in Code Section 408(b) (other than an endowment contract), an
annuity plan or contract described in Code Section 403(a) or 403(b), a qualified
plan described in Code Section 401(a), or a Roth IRA (solely to the extent
allowed under the Code), only if such individual retirement account, individual
retirement annuity, annuity plan or contract, qualified trust, or Roth IRA
agrees to separately account for amounts so transferred, including separately
accounting for the portion of such distribution which is includible in gross
income and the portion of such distribution which is not so includible. A
rollover distribution to a Roth IRA must satisfy the requirements of Code
Sections 402(c) and 408A. 10.4 Designation of Beneficiary At any time before
payment of a Participant’s Accounts or, if installment payments have begun, then
at any time before payment of the last installment, a Participant may designate
a Beneficiary or Beneficiaries (who may be executors or trustees and who shall
be the same person or persons for each of the Participant’s Accounts) on an
Approved Form of Election. The Participant may change or revoke any such
designation on an Approved Form of Election at any time before payment of his or
her Accounts or, if installment payments have begun, then at any time before
payment of the last installment. A Participant’s Spouse shall in all cases be
deemed to be his or her Beneficiary unless (i) the Participant has filed an
Approved Form of Election designating a non-Spouse Beneficiary, (ii) the Spouse
of the Participant has consented in writing to such designation, (iii) the
consent acknowledges the effect of the designation and is witnessed by a notary
public, and (iv) such election designates a Beneficiary that may not be changed
without further spousal consent, unless the Spouse executed a general written
consent expressly permitting changes of the Beneficiary without any requirement
of further consent of the Spouse. Notwithstanding the foregoing, the spousal
consent requirements shall not apply if the Participant establishes to the

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[exhibit10r054.jpg]
-47- satisfaction of the Committee that such written consent may not be obtained
because there is no Spouse, the Spouse cannot be located, or other circumstances
(as described in Treasury Regulations under Code Sections 401(a)(11) and 417)
preclude the necessity of the Spouse’s consent. If the Spouse of a Participant
is legally incompetent to give consent, such consent may be given by the
Spouse’s legal guardian, which shall include the Participant if he or she is the
Spouse’s legal guardian. If the Participant is legally separated or has been
abandoned, as provided by a court order, spousal consent shall not be required,
except where required provided by a Qualified Domestic Relations Order. Upon a
Participant’s death, a Beneficiary may designate a secondary Beneficiary or
Beneficiaries to receive payment of the Participant’s Accounts upon the primary
Beneficiary’s death. Such designation must be made on an Approved Form of
Election prior to entire payment of the Participant’s Accounts. If a deceased
Participant failed to designate a Beneficiary as provided above, or if the
Beneficiary dies before the Participant or before complete payment of the
Participant’s Accounts, the Participant’s Accounts shall be distributed in the
following order. (a) To the Participant’s surviving Spouse (determined as of the
date of the Participant’s death). (b) If Paragraph (a) does not apply because
the Participant does not have a Spouse on the date of his or her death, to the
legal representative or representatives of the estate of the last to die of the
Participant and the Participant’s designated Beneficiary (the “Surviving Payee”)
or, if an estate is not opened on behalf of the Participant or Beneficiary, to
the duly authorized individual properly designated by any applicable small
estate affidavit or similar documentation issued pursuant to applicable state
law. (c) If an estate is not opened on behalf of the Surviving Payee, to the
duly authorized individual properly designated by any applicable small estate
affidavit or similar documentation issued pursuant to applicable state law. (d)
If there is no duly authorized individual properly designated by any applicable
small estate affidavit or similar documentation issued pursuant to applicable
state law, to or for the benefit of one or more of the Surviving Payee’s
relatives by blood, adoption or marriage in such proportions as the Committee
(or its delegate) determines. 10.5 Minimum Distribution Requirements
Notwithstanding any provision of the Plan to the contrary, with respect to
distributions made for calendar years beginning on or after January 1, 2003, the
Plan shall apply the minimum distribution requirements of Code Section 401(a)(9)
in accordance with final and temporary Treasury Regulations under Code Section
401(a)(9) that were issued by the Internal Revenue Service on April 17, 2002 and
June 15, 2004 (as corrected on November 22, 2004), including Treasury Regulation
Sections 1.401(a)(9)-2 through 1.401(a)(9)-9 and the incidental death benefit
requirements of Code Section 401(a)(9)(G). Any provisions of the Plan that are

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[exhibit10r055.jpg]
-48- inconsistent with Code Section 401(a)(9) and the Treasury Regulations
thereunder shall be deemed inoperative. The Participant’s entire interest shall
be distributed, or begin to be distributed, to the Participant no later than the
Participant’s required beginning date, which is generally the later of the April
1 following the Participant’s attainment of age 70½ or the date the Participant
has a Severance From Service. However, if the Participant is a 5% owner, Plan
distributions must commence no later than the April 1 following the
Participant’s attainment of age 70½. Benefits must be paid over a period not
extending beyond the life expectancy of the Participant or the joint life
expectancies of the Participant and his or her Beneficiary. If the Participant
dies after installment distributions have begun, payments shall continue under
the elected payment form. If the Participant dies before distributions begin,
the Participant’s entire interest shall be distributed, or begin to be
distributed, no later than the following: (a) If the Participant’s surviving
Spouse is the Participant’s sole Beneficiary, distributions to the surviving
Spouse shall begin by December 31 of the calendar year immediately following the
calendar year in which the Participant died, or by December 31 of the calendar
year in which the Participant would have attained age 70½, if later. (b) If the
Participant’s surviving Spouse is not the Participant’s sole Beneficiary,
distributions to the Beneficiary shall begin by December 31 of the calendar year
immediately following the calendar year in which the Participant died. (c) If
there is no designated Beneficiary as of September 30 of the year following the
year of the Participant’s death, the Participant’s entire interest shall be
distributed by December 31 of the calendar year containing the fifth anniversary
of the Participant’s death. If the Participant’s Spouse is the sole Beneficiary
and dies after the Participant but before distributions have begun, then
Paragraphs (b) and (c) above shall apply as if the Spouse were the Participant.
Notwithstanding any provision of this Subsection to the contrary, effective as
of January 1, 2009, a Participant or Beneficiary who would have been required to
receive required minimum distributions for 2009 but for the enactment of Code
Section 401(a)(9)(H) (“2009 RMDs”), and who would have satisfied that
requirement by receiving distributions that are (i) equal to the 2009 RMDs or
(ii) one or more payments in a series of substantially equal distributions (that
include the 2009 RMDs) made at least annually and expected to last for the life
(or life expectancy) of the Participant or the joint lives (or joint life
expectancy) of the Participant and the Participant’s designated Beneficiary, or
for a period of at least ten years (“Extended RMDs”), shall receive those
distributions for 2009 unless the Participant or Beneficiary chooses not to
receive such distributions. Participants and Beneficiaries described in the
preceding sentence shall be given the opportunity to elect not to receive the
distributions described in the preceding sentence. In addition, 2009 RMDs and
Extended RMDs shall be treated as Eligible Rollover Distributions under
Subsection 10.3, but shall not be eligible for a direct rollover.

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[exhibit10r056.jpg]
-49- 10.6 Missing Persons The Employers and the Committee shall not be required
to search for or locate a Participant, Spouse, Alternate Payee or Beneficiary.
Each Participant, Spouse, Alternate Payee, and Beneficiary must file with the
Committee from time to time in writing his or her post office address and each
change of post office address. Any communication, statement, or notice addressed
to a Participant, Spouse, Alternate Payee, or Beneficiary at the last post
office address filed with the Committee, or if no address is filed with the
Committee, then in the case of a Participant, at the Participant’s last post
office address as shown on the Employers’ records, shall be considered a
notification for purposes of the Plan and shall be binding on the Participant,
Spouse, Alternate Payee and Beneficiary for all purposes of the Plan. If the
Committee notifies a Participant, Spouse, Alternate Payee, or Beneficiary, and
if such person fails to claim Plan benefits or make such person’s whereabouts
known to the Committee within two years after the notification, the benefits of
the Participant, Spouse, or Beneficiary may be disposed of, to the extent
permitted by applicable law, by one or more of the following methods: (a) By
retaining such benefits in the Plan; (b) By paying such benefits to a court of
competent jurisdiction for judicial determination of the right thereto; (c) By
forfeiting such benefits in accordance with procedures established by the
Committee. If a Participant, Spouse, Alternate Payee or Beneficiary is
subsequently located, such benefits shall be restored to the Participant,
Spouse, Alternate Payee or Beneficiary under the Plan; or (d) By any equitable
manner permitted by law under rules adopted by the Committee. 10.7 Recovery of
Benefits In the event a Participant, Spouse, Alternate Payee, or Beneficiary
receives a benefit payment from the Plan that is in excess of the benefit
payment that should have been made to such Participant, Spouse, Alternate Payee,
or Beneficiary or in the event a person other than a Participant, Spouse,
Alternate Payee, or Beneficiary receives an erroneous payment from the Plan, the
Committee shall have the right, on behalf of the Plan, to recover the amount of
the excess or erroneous payment from the recipient. To the extent permitted
under applicable law, the Committee may, at its option, deduct the amount of
such excess or erroneous payment from any future benefits payable on behalf of a
Participant, regardless of whether such amount would otherwise be paid to a
Participant, Spouse, or Alternate Payee, Beneficiary who did not receive the
overpayment. 10.8 Facility of Payment When a person entitled to benefits under
the Plan is under legal disability, or, in the Committee’s opinion, is in any
way incapacitated so as to be unable to manage his or her financial affairs, the
Committee may direct the Trustee to pay the benefits to such person’s legal
representative, or to a relative or friend of such person for such person’s
benefit, or the Committee may direct the application of such benefits for the
benefit of such person. Any

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[exhibit10r057.jpg]
-50- payment made in accordance with the preceding sentence shall be a full and
complete discharge of any liability for such payment under the Plan.

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[exhibit10r058.jpg]
-51- SECTION 11 IN-SERVICE WITHDRAWALS 11.1 Hardship Withdrawals A Participant
may, prior to his or her Severance From Service, apply for a hardship withdrawal
of all or any part of his or her Pre-Tax Account (excluding earnings credited on
Pre- Tax Contributions after December 31, 1988), Rollover Account, After-Tax
Rollover Account and Prior Plan ESOP Account, as applicable. Notwithstanding the
foregoing, effective as of October 1, 2010, each Participant who was a
participant in the VESystems 401(k) Plan on or before October 1, 2010 may apply
for a hardship withdrawal of all or any part of his or her vested Account
balances transferred from the VESystems 401(k) Plan. If a hardship withdrawal is
made pursuant to this Subsection, the Participant may not make Pre-Tax,
Catch-Up, or After- Tax Contributions for a period of six months following the
date he or she receives the payment. A hardship withdrawal must be for an
immediate and heavy financial need of the Participant for which funds are not
reasonably available from other resources of the Participant. A Participant
shall be deemed to have an immediate and heavy financial need if the hardship is
on account of: (a) Payment of unreimbursed medical expenses described in Code
Section 213(d) (determined without regard to whether the expenses exceed 7.5% of
adjusted gross income) previously incurred by the Participant, his or her
Spouse, any dependents of the Participant (as defined in Code Section 152
without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)), including any
non-custodial child who is subject to the special rule of Code Section 152(e),
or Primary Beneficiary, or payment of unreimbursed expenses necessary for these
persons to obtain medical care described in Code Section 213(d); (b) Purchase
(excluding mortgage payments) of the principal residence of the Participant; (c)
Payment of tuition, related educational fees, and room and board expenses, for
the next twelve months of post-secondary education for the Participant, his or
her Spouse, the Participant’s dependents (as defined in Code Section 152 without
regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)), or Primary
Beneficiary; (d) Prevention of the eviction of the Participant from his or her
principal residence or prevention of the foreclosure on the mortgage on his or
her principal residence; (e) Payment of burial or funeral expenses for the
Participant’s deceased parent, Spouse, children, dependents (as defined in Code
Section 152 without regard to the change in definition under Code Section
152(d)(1)(B)), or Primary Beneficiary; (f) Payment of expenses for the repair of
damage to the Participant’s principal residence that would qualify for the
casualty deduction under Code Section 165

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[exhibit10r059.jpg]
-52- (determined without regard to whether the loss exceeds 10% of adjusted
gross income); or (g) Other events provided for in revenue rulings, notices or
other documents of general applicability published by the Commissioner of
Internal Revenue. For purposes of this Subsection, “Primary Beneficiary” means
an individual who a Participant has named as his or her Beneficiary under
Subsection 10.4 and who has an unconditional right to all or a portion of the
Participant’s Account balances upon the Participant’s death (a contingent or
secondary Beneficiary does not qualify). A Participant shall be deemed to have
established that the amount is not reasonably available from other resources if
the Participant has elected to receive a cash distribution of the dividends paid
on the shares of Federal Signal Common Stock attributable to his or her
proportionate interest in the Federal Signal Stock Fund and has obtained all
other in-service withdrawals, distributions and nontaxable loans available under
this Plan and any other plan maintained by his or her Employer. The Committee
shall determine whether a financial hardship exists and the amount to be paid as
a result of the hardship. When making this determination, the Committee may rely
on the Participant’s written representation that his or her immediate and heavy
financial need could not be satisfied in whole or in part from other resources
reasonably available to him or her. Financial hardship determinations shall be
made in accordance with the Code and the applicable Treasury Regulations and
using a uniform and nondiscriminatory standard. If the Committee or its designee
approves the hardship withdrawal, the hardship withdrawal shall not exceed the
amount required to meet the need created by the hardship, including any amounts
necessary to pay any Federal income taxes or penalties reasonably anticipated to
result from the withdrawal. Notwithstanding any provision of the Plan to the
contrary, a Participant who is also a participant in the Federal Signal
Corporation Savings Restoration Plan may not request a hardship withdrawal under
this Subsection. 11.2 Withdrawals Upon Attainment of Age 59½ Before a Severance
From Service, but after attainment of age 59½, a Participant may withdraw of all
or any portion of the balance in his or her Pre-Tax Account. Notwithstanding the
foregoing, effective as of October 1, 2010, a Participant who was a participant
in the VESystems 401(k) Plan on or before such date may also withdraw all or any
portion of his or her Account balances transferred from the VESystems 401(k)
Plan after attainment of age 59½. 11.3 Withdrawals Upon Attainment of Normal
Retirement Age Before a Severance From Service, but after attainment of Normal
Retirement Age, a Participant may withdraw of all or any portion of the balances
in his or her Accounts.

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[exhibit10r060.jpg]
-53- 11.4 Withdrawals From After-Tax Account Before a Severance From Service, a
Participant may withdraw all or any portion of the balances in his or her
After-Tax Account once per calendar year. If the Participant withdraws After-Tax
Contributions made to the Plan before January 1, 1987, the withdrawal shall come
first from the Participant’s After-Tax Contributions, and then, once all of such
contributions have been withdrawn, from the investment earnings on such
contributions. If the Participant withdraws After-Tax Contributions made to the
Plan after December 31, 1986, the withdrawal shall come, pro rata, from both the
Participant’s After-Tax Contributions and the investment earnings on those
contributions. 11.5 Withdrawals From Rollover Account and After-Tax Rollover
Account Before a Severance From Service, a Participant may withdraw all or any
portion of the balances in his or her Rollover Account and After-Tax Rollover
Account once per calendar year. 11.6 Withdrawals From Balances Transferred from
a Prior Plan Before a Severance From Service, a Participant who was a
participant in the PIPs Technology, Inc. 401(k) Plan (the “PIPs Plan”) on or
before April 1, 2008 may withdraw all or any portion of his or her Accounts
attributable to balances transferred to the Plan from the PIPs Plan if such
Participant incurs a Disability. 11.7 Distributions To Individuals Performing
Military Service A Participant, who receives a distribution that meets the
requirements of Paragraph (a) below, shall be treated as having received a
distribution under Paragraph (a) even if the distribution would also have been
permitted under Paragraph (b). (a) Qualified Reservist Distributions: A
Participant may withdraw all or a portion of the balances in his or her Pre-Tax
Account if: (i) such Participant is a member of a reserve component (as defined
in Section 101 of Title 37, United States Code) that is ordered or called to
active duty after September 11, 2001, and (ii) the Participant’s tour of active
duty has a duration in excess of 179 days or an indefinite period. This
withdrawal may only be made during the period that begins on the date of the
Participant’s order or call to active duty and ends on the date of the
Participant’s active duty. (b) Distributions Related to Deemed Severance From
Service: During any period in which the Participant is performing qualified
military service described in Code Section 414(u)(5) for more than 30 days, the
Participant shall be treated as having incurred a Severance From Service for
purposes of receiving a distribution from his or her Pre-Tax Account. If such
Participant elects to receive a distribution from his or her Pre-Tax Account,
the Participant cannot make Pre-Tax, Catch-Up or After-Tax Contributions for six
months following election and payment of such distribution.

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[exhibit10r061.jpg]
-54- 11.8 Application for In-Service Withdrawals An application for any
in-service withdrawal under this SECTION 11 must be made through an Approved
Form of Election. The minimum amount of any in-service withdrawal is $300. Any
withdrawal payment shall be made as soon as practicable.

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[exhibit10r062.jpg]
-55- SECTION 12 LOANS 12.1 Terms and Conditions of Loans Pursuant to procedures
the Committee shall establish for loan applications and processing, the
Committee may approve loans to Participants, subject to the following terms and
conditions. (a) Any application for a loan must be made through an Approved Form
of Election. (b) A loan shall be evidenced by a promissory note in a form
approved by the Committee and shall provide for repayment over a fixed period
and interest at the prevailing rate, which payment period and interest rate
shall be determined by the Committee in a uniform manner. (c) At any one time, a
Participant may not have outstanding more than one loan. (d) The Participant
shall pledge a portion of his or her vested Accounts as security for such loan,
and shall pay from such Accounts all reasonable fees related to the processing
of any loan. (e) The Committee may permit loan rollovers in cases of
acquisitions or dispositions for certain groups during certain periods. 12.2
Amount of Loans The principal amount of any loan made to a Participant, together
with the unpaid balance of any other outstanding loans under the Plan and all
other qualified employer plans (as defined in Code Section 72(p)(4)) sponsored
by a Related Employer, on the date the loan is made, shall not exceed the lesser
of (a) or (b) below: (a) $50,000, reduced by the excess (if any) of: (i) the
highest outstanding balance of loans under the Plan and all other qualified
employer plans during the twelve- month period ending the day before such loan
was made, minus (ii) the outstanding balance of such outstanding loans on the
date on which such loan was made; or (b) One-half of the total balance of the
Participant’s vested Accounts. The minimum loan amount to a Participant shall
not be less than $1,000. 12.3 Repayment of Loans A loan shall specify a
repayment period that shall not extend beyond five years after the date the loan
is made, unless the proceeds of the loan are used to purchase the Participant’s

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[exhibit10r063.jpg]
-56- principal place of residence, in which case such loan must be repaid within
ten years after the date the loan is made. Repayment of each loan shall be made
by payroll deduction. Each loan shall require substantially level amortization
with payments not less frequently than quarterly. Prepayment of all or a portion
of the loan is permitted at any time without penalty by certified check or money
order made payable to the Trustee. Pursuant to rules established by the
Committee, if a Participant is on an unpaid Approved Leave of Absence, he or she
may be permitted to defer repayments for up to one year, and may be given a
grace period to repay the loan if a payment is missed. Notwithstanding the
foregoing, if a Participant is on an Approved Leave of Absence due to qualified
military service, his or her loan repayments may be suspended in accordance with
Code Section 414(u)(4), and for the duration of his or her qualified military
service, the interest rate on his or her outstanding loan shall be capped at the
lesser of the original loan rate or 6%. Loan repayments shall be credited to the
Participant’s Accounts from which the loan was made as of the date such payment
is received by the Trustee on a pro rata basis. Loan repayments shall be
credited to the Investment Funds in accordance with the Participant’s investment
election under Subsection 6.2 in effect at the time of loan repayment, and, in
the absence of such investment election, to the default investment arrangement
specified by the Investment Committee in accordance with ERISA Section 404(c)(5)
and related regulations. 12.4 Unpaid Loans A loan which is not repaid when due
shall be deemed to be in default and shall be treated as a “deemed distribution”
if not repaid within the cure period specified in uniform rules and guidelines
established by the Committee. Upon distribution of a Participant’s Accounts
before a loan is repaid in full, the unpaid loan balance, together with loan
interest, shall become due and payable, and the Trustee shall first satisfy the
indebtedness from the Participant’s Account before making any payments to
Participant. If a loan defaults, foreclosure on the promissory note and
attachment of security on such loan shall not occur until a distributable event
occurs under the Plan.

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[exhibit10r064.jpg]
-57- SECTION 13 ADMINISTRATION OF PLAN 13.1 Plan Administrator The Fiduciaries
shall have only those specific powers, duties, responsibilities and obligations
as are specifically given them under this Plan or the Trust Agreement or
delegated to them by the Company. The Company may delegate all or any part of
its powers, rights and duties under the Plan to such person or persons as it may
deem advisable, including the Benefits Planning Committee, the Committee, the
Investment Committee, the Trustee, and such other individuals or entities
determined by the Company. The Board of Directors has the sole authority to
appoint and remove the members of the Benefits Planning Committee, the
Committee, and the Investment Committee. (a) Committee. The Committee shall be
the “plan administrator” as defined under ERISA Section 3(16) and the “named
fiduciary” as defined under ERISA Section 402(a) of the Plan, except as such
duties are delegated to other Fiduciaries under the terms of the Plan. The
Committee is responsible for the general administration of the Plan and the
carrying out of its provisions. No person shall be ineligible to be a member of
the Committee because he or she is, was, or may become a Participant of the
Plan. (b) Benefits Planning Committee. The Benefits Planning Committee shall be
responsible for carrying out settlor functions reserved by the Company with
respect to the Plan, including, without limitation, the authority to amend,
modify or terminate the Plan. The Benefits Planning Committee shall also be the
“named fiduciary” as defined under ERISA Section 402(a) with respect to
oversight of the investment of Plan assets. (c) Investment Committee. The
Investment Committee shall be the “named fiduciary” as defined under ERISA
Section 402(a) with respect to the investment of Plan assets in accordance with
the investment policy established by the Benefits Planning Committee, as it may
be amended from time to time. The Investment Committee shall have the sole
authority to appoint investment managers and select Investment Funds. The
Investment Committee may remove an investment manager at any time, upon
reasonable notice. Upon such removal, or upon the resignation of an investment
manager, the Investment Committee may appoint another investment manager. (d)
Trustee and Investment Managers. The Trustee shall be appointed by the Committee
from time to time. The Committee may remove a Trustee at any time, upon
reasonable notice, and upon such removal, or upon the resignation of a Trustee,
the Committee shall appoint a successor Trustee. The Trustee shall have the sole
responsibility for the administration of the Trust and the management of the
Trust assets, except that, if the Investment Committee appoints one or more
investment managers, each investment manager shall have sole authority and

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[exhibit10r065.jpg]
-58- responsibility for the investment and reinvestment of such portion of the
Investment Funds as the Investment Committee directs. Except as otherwise
provided in Subsection 6.12, the investment managers shall have the sole
authority to exercise the right to vote proxies with respect to any securities
held in the Trust, other than proxies with respect to Federal Signal Stock Fund.
(e) Employers. In general, the respective Employers shall have the sole
responsibility for making contributions. Each Fiduciary may rely upon any
direction, information or action of another Fiduciary with respect to matters
within the responsibility of such other Fiduciary and is not required under this
Plan or the Trust to inquire into the propriety of any such direction,
information or action. To the maximum extent permitted by law, each Fiduciary
shall be responsible for the proper exercise of its own powers, duties,
responsibilities and obligations under this Plan and shall not be responsible
for any act or failure to act of another Fiduciary. To the maximum extent
permitted by ERISA, no other Fiduciary shall be liable for any loss which may
result from a decision of an investment manager with respect to Plan assets
under its control. 13.2 Indemnification To the maximum extent permitted by law,
the Fiduciaries, those persons to whom a Fiduciary properly delegates any
portion of its responsibilities under the Plan and any persons who were, are or
become directors, officers or employees of any Employer, and each of them, shall
be indemnified and saved harmless by the Employers (to the extent not
indemnified of saved harmless under any liability insurance contracts or
indemnification arrangements) from and against any and all liability or claim to
which the Fiduciaries or such other persons may be subjected by reason of any
act done or omitted to be done in good faith with respect to Plan administration
other than any liability or claim resulting from such person’s gross negligence
or willful misconduct. Such indemnification shall include, but not be limited
to, all expenses reasonably incurred in their defense in the event that the
Employers failed to provide such defense after having been requested in writing
to do so. 13.3 Organization of Committee The Vice President, Human Resources
shall act as Chairman of the Committee. Any person appointed by the Chairperson,
who may but need not be a member of the Committee, shall act as Secretary. 13.4
Committee Actions The Committee shall hold meetings upon such notice, at such
place or places (including by telephone, videoconference, or other electronic
means) and at such time or times, as it may from time to time determine. A
majority of the members of the Committee at the time in office shall constitute
a quorum for the transaction of business. All resolutions adopted or other
action taken by the Committee shall be by vote of a majority of the members of
the Committee present at any meeting. Any action required or permitted to be
taken by the Committee at a meeting may be taken without a meeting if all
members of the Committee unanimously consent in writing to the adoption of a
resolution authorizing such action.

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[exhibit10r066.jpg]
-59- 13.5 Committee General Powers, Rights, and Duties Except as otherwise
specifically provided in the Plan, and in addition to the powers, rights, and
duties specifically given to the Committee elsewhere in the Plan and the Trust,
the Committee shall have the following powers, rights, and duties, which shall
be exercisable in the sole discretion of the Committee: (a) To adopt and enforce
such rules, procedures, and regulations as in its opinion may be necessary for
the proper and efficient administration of the Plan and Trust and as are
consistent with the Plan and Trust, and to change, alter, or amend such rules,
procedures, and regulations. (b) To construe and interpret the provisions of the
Plan and make factual determinations, including the remedying of ambiguous
provisions. (c) To determine all questions arising in the administration of the
Plan, including the power to determine the rights or eligibility of Employees or
Participants or any other persons, and the amounts of their benefits (if any)
under the Plan, and to remedy ambiguities, inconsistencies, or omissions,
correct any defect and supply any information, and any such determination shall
be binding on all parties. (d) To employ and suitably compensate such agents,
attorneys, accountants, actuaries, recordkeepers, or other persons (who also may
be employed by the Employers or the Trustee) to render advice and perform other
services as the Committee may deem necessary or advisable to carry out its
powers, rights, and duties. (e) To hear, review, and decide claims for benefits
(including benefit claims appeals) under the Plan. (f) To direct the Trustee
regarding payments or distributions from the Trust Fund in accordance with the
provisions of the Plan and Trust. (g) To furnish the Employers and other
Fiduciaries with such information as may be required by them for tax or other
purposes in connection with the Plan, and to obtain from Fiduciaries and
Participants such information as is necessary for the proper administration of
the Plan. (h) To prepare reports in accordance with Subsection 13.6. (i) To
communicate the Plan and its requirements to Participants in accordance with
applicable law. (j) To take such actions as the Committee may deem necessary or
advisable to correct any errors in the operation of the Plan.

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[exhibit10r067.jpg]
-60- 13.6 Reports The Committee shall prepare an annual report showing in
reasonable detail the assets of the Plan and giving a brief account of the
operation of the Plan for the preceding Plan Year. The Committee shall exercise
such authority and responsibility as it deems appropriate in order to comply
with ERISA, the Code and applicable governmental regulations relating to records
of Participants’ employment, Accounts and the percentages thereof which are
vested under the Plan; notifications to Participants; annual reports to the
Department of Labor; and any and all other reports necessary or desirable to
maintain the tax-qualified status of the Plan. 13.7 Information Required by
Committee The Employers shall furnish the Committee with such data and
information as the Committee may deem necessary or desirable in order to
administer the Plan. The records of the Employers as to an Employee’s or
Participant’s period of employment, termination of employment and the reason
therefore, Approved Leave of Absence, reemployment, date of birth, marital
status and compensation shall be conclusive on all persons unless determined to
the Committee’s satisfaction to be incorrect. 13.8 Allocations and Delegations
of Responsibility The Committee may delegate from time to time to such person or
persons as it may deem advisable for the efficient administration of the Plan
and Trust all or part of the Committee’s powers, rights, and duties under the
Plan and the Trust and may authorize such person to delegate such powers,
rights, and duties to other person or persons. Any such delegation may be made
to an individual, a committee, or subcommittee established by the Committee, a
third party, or any other entity selected by the Committee. The Committee at any
time may modify or revoke any such delegation. Any action of a delegatee in the
exercise of its delegated responsibilities shall have the same force and effect
for all purposes hereunder as if such action had been taken by the Committee.
Except as otherwise provided by applicable law, the Committee shall not be
liable for any acts or omissions of any such delegatee. The delegatee shall
periodically report to the Committee concerning the discharge of its delegated
responsibilities. Unless otherwise provided, references in the Plan to the
Committee shall include delegatees and designees of the Committee. 13.9
Interested Committee Member If a member of the Committee (or one of its
delegatees or designees) also is a Participant in the Plan, he or she may not
decide or determine any matter or question concerning distributions of any kind
to be made to him or her or the nature or mode of settlement of his or her
benefits unless such decision or determination could be made by him or her under
the Plan if he or she were not serving on the Committee. 13.10 Removal or
Resignation The Committee, or any member thereof, shall hold office until the
earlier of (i) his or her termination of employment with the Company, or (ii)
until the date that the Committee charter is amended to remove the person from
membership of the Committee.

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[exhibit10r068.jpg]
-61- 13.11 Compensation and Expenses The Committee shall perform its duties
without compensation. Unless paid by the Employers and except as otherwise
provided below, all reasonable costs, charges, and expenses incurred in the
administration of this Plan, including expenses incurred by the Committee,
compensation to the Trustee, compensation to an investment manager, and any
compensation to agents, attorneys, actuaries, accountants, recordkeepers, and
other persons performing services on behalf of this Plan or for the Committee
shall be paid from the Trust Fund in such portions as the Committee may direct.
As directed by the Committee, expenses to be paid from the Trust Fund may be
drawn from (i) Participants’ Accounts, in the form of a flat fee, charges for
specific services, or a percentage of the value of each Account, (ii) earnings
or gains in each Investment Fund or (iii) forfeitures under Subsection 9.7.
Expenses directly related to the investment of a particular Investment Fund
(such as brokerage, postage, express and insurance charges, and transfer taxes)
shall be paid from that Investment Fund. 13.12 Uniform Application of Rules The
Committee shall administer the Plan on a reasonable basis. Any rules,
procedures, or regulations established by the Committee shall be applied
uniformly to all persons similarly situated. 13.13 Committee’s Decision Final
Benefits under the Plan shall be paid only if the Committee, or its delegate,
decides in its sole discretion that a Participant or Beneficiary (or other
claimant) is entitled to them. Subject to applicable law, any interpretation of
the provisions of the Plan and any decisions on any matter within the discretion
of the Committee made by the Committee, or its delegate, in good faith shall be
binding on all persons. A misstatement or other mistake of fact shall be
corrected when it becomes known and the Committee shall make such adjustment on
account thereof as it considers equitable and practicable.

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[exhibit10r069.jpg]
-62- SECTION 14 CLAIMS PROCEDURES 14.1 Initial Retirement Benefit Claims In the
event of a dispute between the Trustee or Committee and a Participant or
Beneficiary over the amount of benefits payable under the Plan, the Participant
or Beneficiary may file a claim for benefits by notifying the Committee of such
claim. Such notification must be in writing and shall set forth the basis of
such claim. The Committee shall decide whether to grant a claim within 90 days
of the date on which the claim is received, unless special circumstances require
a longer period for review of the claim, and the claimant is notified in writing
of the extension of time within the first 90-day period; provided, however, that
no extension shall be longer than an additional 90 days beyond the original
response deadline. 14.2 Initial Disability Benefit Claims If the claim is for
Disability benefits, the Committee shall review the claim within 45 days of the
date on which the claim is received. If special circumstances require a longer
period for review, and the claimant is notified in writing of the extension of
time within the 45-day period, the Committee may extend the time period for
responding to the claim by an additional 30 days. If a decision still cannot be
made within this 30-day extension period due to circumstances outside the
Committee’s control, the Committee may extend the time period for responding to
the claim by an additional 30 days, provided that the Committee notifies the
claimant in writing of such additional extension prior to the expiration of the
original 30-day extension period. 14.3 Initial Claim Processing and Appeal If a
claimant has not submitted sufficient information to the Committee to process a
benefit claim, the claimant shall be notified of the incomplete claim and given
time to submit additional information. This shall extend the time in which the
Committee has to respond to the claim from the date the notice of insufficient
information is sent to the claimant until the date the claimant responds to the
request. If the claimant does not submit the requested missing information to
the Committee within a reasonable time period, the claim shall be denied.
Whenever a claim for benefits is denied, written notice, prepared in a manner
calculated to be understood by the claimant, shall be provided to the claimant,
setting forth the specific reasons for the denial, referring to the specific
Plan provisions on which the denial is based, explaining the procedures for
review of the decision made by the Committee, and explaining the claimant’s
right to bring a civil action under ERISA Section 502(a) following a denial on
appeal. If the denial is based upon submission of information insufficient to
support a decision, the Committee shall specify the information which is
necessary to perfect the claim and its reasons for requiring such additional
information. Benefits shall be paid only if the Committee determines in its
discretion that a claimant is entitled them.

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[exhibit10r070.jpg]
-63- Any request for review must be in writing and shall be addressed to the
Committee. The request for review shall set forth all of the grounds upon which
it is based, all facts in support thereof, and any other matters which the
claimant deems pertinent. The Committee may require the claimant to submit such
additional facts, documents, or other material as the Committee may deem
necessary or appropriate in making its review. 14.4 Appeal Procedures for
Retirement Benefits Any individual whose claim for benefits is denied in whole
or in part (or such person’s authorized representative) may appeal the denial by
submitting to the Committee a written request for review of the application
within 60 days after receiving written notice of the denial from the Committee.
The Committee shall give the claimant (or the claimant’s representative) an
opportunity to review pertinent documents and to submit written comments and
other information (even if such information was not submitted in connection with
the initial claim) in preparing such request for review. The Committee shall act
upon each request for review within 60 days after receipt thereof unless special
circumstances require an extension of time of up to an additional 60 days for
processing the request for review. If such an extension of time for review is
required, written notice of the extension shall be furnished to the claimant
prior to the end of the initial 60-day period; provided, however that such
review shall be made no later than 120 days after the Committee’s receipt of the
claimant’s written request for review. 14.5 Appeal Procedures for Disability
Benefits Any individual whose application for Disability benefits is denied in
whole or in part (or such person’s authorized representative) may appeal the
denial by submitting to the Committee a written request for review of the
application within 180 days after receiving written notice of the denial from
the Committee. The Committee shall give the claimant (or the claimant’s
representative) an opportunity to review pertinent documents and to submit
written comments and other information (even if such information was not
submitted in connection with the initial claim) in preparing such request for
review. The Committee shall act upon each request for review of a Disability
claim within 45 days after receipt thereof unless special circumstances require
an extension of time of up to an additional 45 days for processing the request
for review. If such an extension of time for review is required, written notice
of the extension shall be furnished to the claimant prior to the end of the
initial 45-day period; provided, however that such review shall be made no later
than 90 days after the Committee’s receipt of the claimant’s written request for
review. 14.6 Appeals Processing Within the applicable time periods described
above, the Committee shall give written notice of its appeal decision to the
claimant. In the event the Committee confirms the denial of the application for
benefits in whole or in part, such notice shall set forth, in a manner
calculated to be understood by the claimant, the specific reasons for such
denial, specific references to the Plan provisions on which the decision was
based, a statement that the claimant is entitled to receive, upon request and
free of charge, access to and copies of all documents, records, and

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[exhibit10r071.jpg]
-64- other information relevant to the benefit claim, and a statement regarding
the claimant’s right to bring a civil action under ERISA Section 502(a)
following a denial on appeal. In the event that the Committee determines that
the claim for benefits should not have been denied in whole or in part, the
Committee shall take appropriate remedial action. The Committee shall establish
rules and procedures, consistent with the Plan and with ERISA, as it may deem
necessary or appropriate in carrying out its responsibilities under this
Section. The Committee may require a claimant who wishes to submit additional
information in connection with a claim or appeal to do so at the claimant’s own
expense. No action at law or in equity shall be brought to recover benefits
under the Plan until the claim and review process in this SECTION 14 has been
exercised and until the Plan benefits requested in such review have been denied
in whole or in part. If any judicial proceeding is undertaken to appeal the
denial of a claim or bring any other action under ERISA other than a breach of
fiduciary duty claim, the evidence presented shall be strictly limited to the
evidence timely presented to the Committee. In addition, any such judicial
proceeding must be filed no later than the earliest of (i) 90 days after the
Committee’s final decision regarding the claim appeal, (ii) three years after
the date on which the Participant or other claimant commenced payment of the
Plan benefits at issue in the judicial proceeding, or (iii) the statutory
deadline for filing a claim or lawsuit with respect to the Plan benefits at
issue in the judicial proceeding as determined by applying the most analogous
statute of limitations for the state of Illinois. All decisions and
communications to Participants, Spouses, Beneficiaries, or other persons
regarding a claim for benefits under the Plan shall be held strictly
confidential by the Participant, Spouse, Beneficiary (or other claimant), and
the Committee, the Employers, and their agents.

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[exhibit10r072.jpg]
-65- SECTION 15 MANAGEMENT OF TRUSTS 15.1 Trustee and Trust Agreement All Plan
assets shall be held in the Trust. The Trust shall be held by a Trustee under a
Trust Agreement approved by the Committee. The Trust Agreement may provide for
the joint administration, and commingling, of the Trust Fund with the funds of
any other defined contribution plan established by any Related Employer. The
assets of the Trust shall be held, invested and disposed of in accordance with
the terms of the Trust Agreement. 15.2 Restrictions as to Reversion of Trust
Fund to the Employers Except as otherwise provided in this Subsection, all
assets of the Trust Fund shall be retained for the exclusive benefit of
Participants, Alternate Payees, and Beneficiaries. All the Employers shall have
no right, title, or interest in the assets of the Trust Fund. No part of the
assets of the Trust Fund at any time shall revert to, or be repaid to, the
Employers, directly or indirectly, except as follows. (a) If the Internal
Revenue Service initially determines that the Plan, as applied to an Employer,
does not meet the requirements of a “qualified plan” under Code Section 401(a),
the assets of the Trust Fund attributable to contributions made by the Employer
under the Plan shall be returned to the Employer within one year of the date of
denial of qualification of the Plan as applied to the Employer. (b) If a
contribution or a portion of a contribution is made by an Employer as a result
of a mistake of fact, such contribution or portion of a contribution shall not
be considered to have been contributed to the Trust by the Employer and, after
having been reduced by any losses of the Trust allocable thereto, shall be
returned to the Employer within one year of the date the amount is paid to the
Trust. (c) Each contribution made by an Employer is conditioned upon the
deductibility of such contribution as an expense for Federal income tax
purposes, to the extent the deduction for the contribution made by the Employer
is disallowed, such contribution, or portion of such contribution, after having
been reduced by any losses of the Trust allocable thereto, shall be returned to
the Employer within one year of the date of disallowance of the deduction. In no
event may the return of a contribution pursuant to Paragraph (b) or (c) above
cause any Participant’s Accounts to be less than the amount had the contribution
not been made under the Plan.

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[exhibit10r073.jpg]
-66- SECTION 16 AMENDMENT AND TERMINATION 16.1 Amendment While the Employers
expect and intend to continue the Plan, the Company, by action of the Benefits
Planning Committee, reserves the right to amend the Plan, in whole or in part,
from time to time, except as follows: (a) The duties and liabilities of the
Committee under the Plan cannot be increased substantially without its consent.
(b) No amendment shall reduce the value of a Participant’s accrued benefit (as
adjusted for income, losses, expenses, appreciation, and depreciation) to less
than the amount he or she would be entitled to receive if the Participant had
resigned from employment with all of the Employers on the effective date of the
amendment. (c) Except as provided in Subsection 15.2 or required by the Code or
other applicable law, under no condition shall any amendment result in the
return or repayment to any Employer of any part of the Trust Fund or the income
therefrom, or result in the distribution of the Trust Fund for the benefit of
anyone other than Participants and any other persons entitled to benefits under
the Plan. No person has the authority to modify the terms of the Plan, except by
means of authorized written amendments to the Plan. No verbal or written
representations contrary to the terms of the Plan and its written amendments
shall be binding upon the Employers or the Plan. 16.2 Plan Termination The Plan
shall terminate as to all Employers on any date specified by the Company by
action of the Benefits Planning Committee with 30 days’ advance written notice
of the termination given to the Committee, the Trustee, and the other Employers.
The Plan shall terminate as to an individual Employer on the first to occur of
the following. (a) The date the Plan is terminated by that Employer. (b) The
date that Employer is judicially declared bankrupt or insolvent. (c) The date
that Employer completely discontinues contributions under the Plan. (d) The date
that Employer ceases to be a Related Employer due to one of the following: (i)
The sale of all or substantially all of the stock of that Employer to a person
that is not a Related Employer;

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[exhibit10r074.jpg]
-67- (ii) The sale of all or substantially all of the assets of that Employer to
a person that is not a Related Employer; or (iii) The merger or consolidation of
that Employer with a person that is not a Related Employer. Each Participant
employed by an Employer that ceases to be a Related Employer shall be considered
to have terminated employment with all Related Employers on such date and shall
cease to accrue additional Plan contributions with respect to any period of time
commencing on or after such date. 16.3 Nonforfeitability and Distribution on
Termination Upon complete termination or partial termination of the Plan, or the
complete discontinuance of all Plan contributions, the rights of all affected
Participants to benefits accrued to the date of such termination, after all
adjustments, shall be nonforfeitable. Upon such occurrence, the Committee may
direct the Trustee to distribute to each Participant employed by that Employer
his or her benefits under the Plan in a lump sum (unless he or she then is
employed by a Related Employer). However, distributions under this Subsection
shall be made only to the extent such distributions are permissible under Code
Section 401(k) and applicable Treasury Regulations. All appropriate accounting
provisions of the Plan shall continue to apply until all Participants’ Accounts
have been distributed under the Plan. 16.4 Plan Merger, Consolidation, or
Spin-Off In the case of any merger or consolidation with, or transfer of assets
or liabilities to, any other retirement plan qualified under Code Section
401(a), each Participant’s benefit shall be equal to or greater than the benefit
he or she would have been entitled to receive if the Plan had terminated
immediately before the merger, consolidation, or transfer. If an operating unit
of an Employer is sold and the purchaser agrees to a spin-off from the Plan, the
Plan Accounts of Employees of such unit shall be transferred to a successor
funding arrangement.

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[exhibit10r075.jpg]
-68- SECTION 17 MISCELLANEOUS 17.1 Non-Alienation of Benefits The interests of
persons entitled to benefits under the Plan are not subject to their debts or
other obligations and, except as may be required by the tax withholding
provisions of the Code or any state’s income tax act or pursuant to a Qualified
Domestic Relations Order. Plan benefits may not be voluntarily or involuntarily
sold, transferred, alienated, assigned, or encumbered. 17.2 Absence of Guaranty
Neither the Committee, the Trustee, nor any Employer in any way guarantees the
Trust Fund from loss or depreciation. Except as required by applicable law, the
Committee and the Employers do not guarantee any payment to any person. The
liability of a Trustee or the Committee to make any payment under the Plan shall
be limited to the assets held by the Trustee which are available for that
purpose. 17.3 Employment Rights The Plan does not constitute a contract of
employment, and participation in the Plan shall not give any Employee the right
to be retained in the employ of any Employer (or any Related Employer), nor any
right or claim to any benefit under the Plan, unless such right or claim has
specifically accrued under the terms of the Plan. 17.4 Litigation by
Participants or Other Persons If a legal action begun against a Fiduciary, a
Related Employer, or any person or persons to whom the Fiduciary has delegated
all or part of its duties hereunder, by or on behalf of any person results
adversely to that person, or if a legal action arises because of conflicting
claims to a Participant’s or other person’s benefits, the cost to the Fiduciary,
a Related Employer, or any person or persons to whom the a Fiduciary has
delegated all or part of its duties hereunder of defending the action shall be
charged to the Accounts of individuals or Participants involved in the action to
the extent permitted by law. 17.5 Evidence Evidence required of anyone under the
Plan may be by certificate, affidavit, document, or other information that the
person acting on it considers pertinent and reliable, and signed, made, or
presented by the proper party or parties. 17.6 Waiver of Notice Any notice
required under the Plan may be waived by the person entitled to such notice.

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[exhibit10r076.jpg]
-69- 17.7 Controlling Law Except to the extent superseded by laws of the United
States, the laws of Illinois shall be controlling in all matters relating to the
Plan. 17.8 Statutory References Any reference in the Plan to a section of the
Code or ERISA, or to a section of any other Federal law, shall include any
comparable section or sections of any future legislation that amends,
supplements, or supersedes that section. 17.9 Severability In case any provision
of the Plan shall be held illegal or invalid for any reason, such illegality or
invalidity shall not affect the remaining provisions of the Plan, and the Plan
shall be construed and enforced as if such illegal and invalid provision had
never been set forth in the Plan. 17.10 Action By Employers Any action required
or permitted to be taken by an Employer under the Plan shall be by resolution of
its board of directors, by resolution of a duly authorized committee of its
board of directors, or by a person or persons authorized by resolution of its
board of directors or such committee. 17.11 Gender and Number Where the context
permits, words in the masculine gender shall include the feminine and neuter
genders, the singular shall include the plural, and the plural shall include the
singular. 17.12 Examination of Documents Copies of the Plan and Trust, and any
amendments thereto, are on file at the office of the Company where they may be
examined by any Participant or other person entitled to benefits under the Plan
during normal business hours. 17.13 Manner of Delivery Each notice or statement
provided to a Participant shall be delivered in any manner established by the
Committee and in accordance with applicable law, including, but not limited to,
electronic delivery. 17.14 Effect on Other Benefits Except as otherwise
specifically provided under the terms of any other employee benefit plan of an
Employer, a Participant’s participation in this Plan shall not affect the
benefits provided under such other employee benefit plan.

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[exhibit10r077.jpg]
-70- 17.15 Headings The headings of Sections, Subsections, and Paragraphs are
included solely for reference and convenience and are not intended to modify or
otherwise affect the text of the Plan. 17.16 No Third-Party Beneficiaries The
Plan constitutes the entire agreement of the parties and supersedes all prior
agreements and undertakings, both written and oral, between the parties, or any
of them, with respect to the subject matter hereof and are not intended to
confer upon any other person any rights or remedies hereunder.

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[exhibit10r078.jpg]
-71- SECTION 18 TOP HEAVY RULES 18.1 Purpose and Effect The purpose of this
SECTION 18 is to comply with the requirements of Code Section 416. The
provisions of this Section shall be effective for each Plan Year in which the
Plan is a “Top-Heavy Plan” within the meaning of Code Section 416(g); provided,
however, that this Section shall apply with respect to only those Participants
whose employment is not subject to a collective bargaining agreement between the
Employers and a union that provides for their participation in the Plan. 18.2
Top Heavy Plan In general, the Plan shall be a Top-Heavy Plan for any Plan Year
if, as of the last day of the preceding Plan Year (the “Determination Date”),
the aggregate Accounts of Participants who are Key Employees (as defined in
Subsection 18.3) exceed 60% of the aggregate Accounts of all Participants. In
making the foregoing determination, the following rules shall apply. (a) A
Participant’s Accounts shall be increased by the aggregate distributions, if
any, made with respect to the Participant during the one-year period ending on
the Determination Date (including distributions under a terminated plan which,
had it not been terminated, would have been aggregated with this Plan under Code
Section 416(g)(2)(A)(i)). In the case of a distribution made for a reason other
than Severance From Service, death or Disability, the one-year period shall be
replaced with a five-year period. (b) The Account of, and distributions to, a
Participant who was previously a Key Employee, but who is no longer a Key
Employee, shall be disregarded. (c) The Account of a Beneficiary of a
Participant shall be considered the Account of a Participant. (d) The Account of
a Participant who did not perform any services for the Employers during the
one-year period ending on the Determination Date shall be disregarded. (e) Any
Catch-Up Contributions or any Rollover Contributions (or similar transfer) from
a plan maintained by a corporation other than a Related Employer shall not be
taken into account as part of the Participant’s aggregate Accounts. 18.3 Key
Employee In general, a “Key Employee” is an Employee or former Employee
(including any deceased Employee) who, at any time during the Plan Year that
includes the Determination Date, was:

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[exhibit10r079.jpg]
-72- (a) An officer of a Related Employer receiving annual Code Section 415
Compensation greater than $170,000 (as adjusted under Code Section 416(i)(l));
(b) A 5% owner of a Related Employer; or (c) A 1% owner of a Related Employer
receiving annual Code Section 415 Compensation from any of the Related Employers
of more than $150,000. The determination of who is a Key Employee shall be made
in accordance with Code Section 416(i)(1) and the Treasury Regulations and other
guidance issued thereunder. 18.4 Minimum Vesting For any Plan Year in which the
Plan is a Top-Heavy Plan and each subsequent Plan Year, a Participant who has
completed at least three years of Vesting Service shall be 100% vested in his or
her Accounts. 18.5 Minimum Employer Contribution For any Plan Year in which the
Plan is a Top-Heavy Plan, the Employer contribution, if any, credited to each
Participant who is not a Key Employee shall not be less than 3% of such
Participant’s Code Section 415 Compensation for that year. Notwithstanding the
foregoing, in no event shall an Employer contribution credited in any year to a
Participant who is not a Key Employee (expressed as a percentage of such
Participant’s Code Section 415 Compensation) exceed the maximum Employer
contribution credited in that year to a Key Employee (expressed as a percentage
of such Key Employee’s Code Section 415 Compensation). For purposes of the
foregoing, Pre-Tax, Catch-Up, and After-Tax Contributions shall not be
considered Employer contributions, but Matching Contributions shall be
considered Employer contributions and shall be taken into account for purposes
of satisfying the minimum contribution requirements of Code Section 416(c)(2)
and the Plan. The preceding sentence shall apply with respect to any Matching
Contributions under the Plan or, if the Plan provides that the minimum
contribution requirement shall be met in another plan (including another plan
that meets the requirements of Code Section 401(k)(12) and/or the requirements
of Code Section 401(m)(11)), such other plan. Matching Contributions that are
used to satisfy the minimum contribution requirements shall be treated as
Matching Contributions for purposes of Subsection 8.5 and the other requirements
of Code Section 401(m). If an Employer maintains more than one plan, the minimum
Employer contribution otherwise required under this Subsection may be reduced in
accordance with Treasury Regulations to either coordinate the minimum Employer
contribution or prevent inappropriate duplications of minimum contributions or
benefits. 18.6 Aggregation of Plans Each other defined contribution plan and
defined benefit plan maintained by the Related Employers that covers a Key
Employee as a participant, or that is maintained by the Related Employers in
order for a Plan covering a Key Employee to qualify under Code Sections

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[exhibit10r080.jpg]
-73- 401(a)(4) and 410, shall be aggregated with this Plan in determining
whether this Plan is a Top- Heavy Plan. In addition, any other defined
contribution plan or defined benefit plan of the Related Employers may be
included if all such plans which are included when aggregated shall continue to
qualify under Code Sections 401(a)(4) and 410.

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[exhibit10r081.jpg]
A-1 SUPPLEMENT A Special Provisions Applicable to the Federal Signal
Technologies Division of the Company A-1 Introduction. On the Closing Date (as
defined in the Asset Purchase Agreement between the Company and 3M Company dated
June 21, 2012 (the “Purchase Agreement”)), 3M Company (the “Buyer”) will
purchase all of the assets of the Federal Signal Technologies division of the
Company (“FST”) from the Company, and Federal APD, Inc., PIPs Technology, Inc.,
Sirit Corp. and VESystems, LLC will cease to be a subsidiaries of the Company on
such date. As of the Closing Date, the Buyer will establish a defined
contribution retirement plan (the “Buyer Plan”), which satisfies the
requirements of Code Section 401(a) and contains a cash or deferred arrangement
that satisfies the requirements of Code Section 401(k). Effective on the Closing
Date (or such other date as designated by the Committee) (the “Transfer Date”),
the portion of the Plan attributable to all Supplement A Account Holders
(defined below) (the “Transfer Portion”) shall be merged into, and continued in
the form of, the Buyer Plan. The merger of the Transfer Portion into the Buyer
Plan (and the corresponding transfer of assets) shall comply with Code Sections
401(a)(12), 411(d)(6), and 414(l). A “Supplement A Account Holder” means each
Transferring Employee (as defined in the Purchase Agreement) who is a
Participant in the Plan. A-2 Cessation of Contributions and Participation. No
contributions shall be made under the Plan by or on behalf of any Supplement A
Account Holder for any Compensation earned, or any bonus or other special
Compensation paid in connection with the sale of FST, on or after the Closing
Date. Each Supplement A Account Holder shall cease active participation in the
Plan as of the Closing Date; provided, however, no Supplement A Account Holder
shall have the right to a distribution of his or her Account balance under the
Plan prior to the Transfer Date (unless otherwise required under the terms of
the Plan). A-3 Transfer of Account Balances. On the Transfer Date, liabilities
equal to the aggregate Account balances, as adjusted through the Transfer Date,
of each Supplement A Account Holder shall be transferred to the Buyer Plan and
credited to the corresponding account maintained for each Supplement A Account
Holder in the Buyer Plan. Thereafter, such accounts shall be subject to the
terms and conditions of the Buyer Plan, and this Plan shall have no further
liability with respect thereto. A-4 Transfer of Assets. On the Transfer Date,
assets equal to the aggregate Account balances, as adjusted through the Transfer
Date, of the Supplement A Account Holders shall be spun off and merged (in cash
or in kind, as determined by the Committee and the plan administrator of the
Buyer Plan) into the trust that funds the Buyer Plan. To facilitate this
transfer, a Supplement A Account Holder may not make transfers among Investment
Funds, receive in-service withdrawals, or obtain new loans in accordance with
rules established by the Committee. A-5 Committee’s Actions. The Committee shall
take such actions as it deems necessary or desirable to accomplish the transfer
as described in this Supplement A.

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[exhibit10r082.jpg]
A-2 A-6 Use of Terms. Terms used in this Supplement A shall, unless defined in
this Supplement A or otherwise noted, have the meanings given to those terms in
the Plan.

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