Exhibit 10.2 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
THE HOLOGIC, INC.

AMENDED AND RESTATED

DEFERRED COMPENSATION PROGRAM
 
 
 
Amended and Restated
September 17, 2015
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

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THE HOLOGIC, INC.

AMENDED AND RESTATED

DEFERRED COMPENSATION PROGRAM
 
ARTICLE 1 - PURPOSE; EFFECTIVE DATE
 
1.1 Purpose. The purpose of this HOLOGIC, INC. AMENDED AND RESTATED DEFERRED
COMPENSATION PROGRAM (hereinafter, the “Plan”) is to permit a select group of
management or highly compensated employees of Hologic, Inc. (and its selected
subsidiaries and/or affiliates) to defer the receipt of income which would
otherwise become payable to them. It is intended that this Plan, by providing
these eligible employees an opportunity to defer the receipt of income, will
assist in the retaining and attracting individuals of exceptional ability and by
providing an additional opportunity to save for retirement beyond Code
limitations imposed on qualified retirement plans. This Plan is intended to be
“unfunded” for purposes of the Employee Retirement Income Security Act of 1974,
as amended (“ERISA”).
 
1.2 Effective Date. This Plan was originally adopted by the Company effective as
of October 15, 2006. The Plan was later amended and restated and became
effective as of December 1, 2008 and was again amended and restated as of
October 15, 2011, and again on October 15, 2013, to, among other things, merge
the Gen-Probe Incorporated Deferred Compensation Plan (the “Gen-Probe Plan”)
with and into the Plan; and further amended and restated as of September 17,
2015 (the “Effective Date”). With respect to any amounts deferred or contributed
(or to be deferred or contributed) to the Gen-Probe Plan for an applicable
period commencing prior to October 15, 2013, such amounts shall at all times be
subject to and governed by the terms of the Gen-Probe Plan as such terms existed
immediately prior to the merger of the Gen-Probe Plan with and into the Plan,
such Gen-Probe Plan being set forth here as Exhibit B. It is the intent that all
of the amounts deferred and benefits provided under this Plan will comply with
the terms of Section 409A of the Code and the final Treasury regulations
promulgated thereunder.
 
1.3 Unfunded Plan. This plan is an unfunded top-hat plan maintained primarily to
provide deferred compensation benefits for a “select group of management or
highly-compensated employees” within the meaning of Sections 201, 301, and 401
of ERISA, and therefore is exempt from the provisions of Parts 2, 3 and 4 of
Title I of ERISA.
 
ARTICLE 2 - DEFINITIONS
 
For the purpose of this Plan, the following terms shall have the meanings
indicated, unless the context clearly indicates otherwise:
 
2.1 Account(s). “Account(s)” means the notional account or accounts maintained
on the books of the Company used solely to calculate the amount payable to each
Participant under this Plan and shall not constitute a separate fund of assets.
Account(s) shall be deemed to exist from the time amounts are first credited to
such Account(s) until such time that the entire Account balance has been
distributed in accordance with this Plan. The Accounts available for each
Participant with respect to Participant deferrals and Company contributions
prior to January 1, 2014 shall be identified as:
 
 
(a) Deferral Account;
 
(b) In-Service Account;
 
(c) Matching Account; and
 
(d) Retention Account.
 

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Effective on and after January 1, 2014, for each calendar year/Deferral Period,
a Participant shall have a separate account hereinafter known as a Class Year
Account (for example, for the 2014 calendar year/Deferral Period, the account
shall be known as the 2014 Class Year Account, for the 2015 calendar
year/Deferral Period, the account shall be known as the 2015 Class Year Account,
and so on) to which all Participant deferrals and Company contributions
attributable to such calendar year/Deferral Period shall be credited.
Accordingly, all contributions to the Plan prior to December 31, 2013 shall be
allocated to one of the accounts in subsections (a) (b) (c) or (d) of this
Section 2.1, and after January 1, 2014 shall be allocated to the applicable
Class Year Account based on year of deferral.
 
 
2.2 Beneficiary. “Beneficiary” means the person, persons or entity as designated
by the Participant, entitled under Article VI to receive any Plan benefits
payable after the Participant’s death.
 
2.3 Board. “Board” means the Board of Directors of the Company.
 
2.4 Change of Control. “Change of Control” means:
 
(a) a change in the ownership or effective control of the Company, or in the
ownership of a substantial portion of the assets of the Company, as defined and
determined under Section 409A(a)(2)(A)(v) of the Code and Treasury Regulation
1.409A-3(i)(5). Without in any way limiting the scope of the preceding sentence,
a Change of Control shall be deemed to occur on the date upon which one of the
following events occurs:
 
(i) any one person (as such term is used in Sections 13(d) and 14(d)(2) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or more than
one person acting as a group (as determined under Treasury Regulation Section
1.409A-3(i)(5)(v)(B))), acquires ownership of stock of the Company that,
together with stock held by such person or group, constitutes more than 50% of
either the total fair market value or total voting power of the stock of the
Company. However, if any one person, or more than one person acting as a group,
is considered to own more than 50% of the total fair market value or total
voting power of the stock of the Company, the acquisition of additional control
of the Company by the same person or persons is not considered to cause a change
of control of the Company; or
 
(ii) any one person (as such term is used in the Exchange Act), or more than one
person acting as a group (as determined under Treasury Regulation Section
1.409A-3(i)(5)(v)(B)), acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons)
ownership of stock of the Company possessing 35% or more of the total voting
power of the Company. However, if any one person, or more than one person acting
as a group, is considered to own more than 35% of the total voting power of the
stock of the Company, the acquisition of additional control of the Company by
the same person or persons is not considered to cause a change of control of the
Company; or
  
(iii) a majority of members of the Board is replaced during any 12-month period
by directors whose appointment or election is not endorsed by a majority of the
members of the Board prior to the date of the appointment or election; or
 
(iv) any one person (as such term is used in the Exchange Act), or more than one
person acting as a group (as determined under Treasury Regulation Section
1.409A-3(i)(5)(v)(B)), acquires (or has acquired during the 12-month period
ending on the date of the most recent acquisition by such person or persons)
assets from the Company that have a total gross fair market value equal to or
more than 40% of the total gross fair market value of all of the assets of the
Company immediately prior to such acquisition or acquisitions. For this purpose,
gross fair market value means the value of the assets of the Company, or the
value of the assets being disposed of, determined without regard to any
liabilities associated with such assets.
 
2.5 Code. “Code” means the Internal Revenue Code of 1986, as amended, and any
successor thereto.
 
2.6 Committee. “Compensation Committee” means the Compensation Committee
appointed by the Board to administer the Plan pursuant to Article VII.

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2.7 Company. “Company” means Hologic, Inc., a Delaware corporation, and any
directly or indirectly affiliated subsidiary corporations.
 
2.8 Compensation. “Compensation” means the base salary payable to Participant
and bonus identified as “Performance Based Compensation” under the terms of this
Plan and any other bonus or incentive compensation which is specifically
identified by the Committee as being eligible to be deferred under this Plan
which is earned by a Participant with respect to employment services performed
for the Company by the Participant and considered to be “wages” for purposes of
federal income tax withholding. The Committee shall have the authority to
exclude from the definition of Compensation which can be deferred under this
Plan, provided such determination is made prior to the time that the election to
defer such Compensation is required to be filed under the terms of this Plan.
For purposes of this Plan only, Compensation shall be calculated before
reduction for any amounts deferred by the Participant pursuant to the Company’s
tax qualified plans which may be maintained under Section 401(k) or Section 125
of the Internal Revenue Code, but shall exclude “wages” associated with the
exercise of stock options by Participant or income arising from other equity
instruments (e.g., stock units, restricted stock units or restricted stock)
awarded to a Participant. Inclusion of any other forms of compensation,
including commissions payable, is subject to Committee Approval prior to the
time that a Deferral Commitment is required to be filed under the terms of this
Plan. Notwithstanding the preceding, with respect to Matching Contributions,
Compensation shall be limited to the Code Section 401(a)(17) limit in effect for
the given Deferral Period with respect to which the Matching Contributions are
to be attributed.
 
2.9 Deferral Election. “Deferral Election” means an irrevocable written
commitment made by a Participant to defer a portion of his/her Compensation as
set forth in Article III, and as permitted by the Committee in its sole
discretion. A Participant shall be required to execute separate Deferral
Elections for the deferral of Performance-Based Compensation and Compensation
other than Performance-Based Compensation. The Deferral Election shall apply to
each payment of Compensation and/or Performance-Based Compensation, as
applicable, payable to a Participant. Such designation shall be made in the form
of a whole percentage. Such Deferral Election shall be made on an Election Form
and at a time deemed acceptable to the Committee.
  
2.10 Deferral Period. “Deferral Period” means each calendar year. For purposes
of deferrals related to Participant’s annual bonus or other Performance-Based
Compensation, “Deferral Period” shall mean the Company’s Fiscal Year.
 
2.11 Determination Date. “Determination Date” means each business day.
 
2.12 Disability. “Disability means the Participant is: (i) unable to engage in
any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, or (ii) by
reason of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months, receiving income replacement or other disability
benefits for a period of not less than 3 months under an accident and health
plan covering employees of the participant’s employer.
 
2.13 Distribution Election. “Distribution Election” means the form of payment
for certain benefits payable under this Plan, as elected by the Participant.
 
2.14 Financial Hardship. “Financial Hardship” means the occurrence of any of the
following events:
 
(a) a severe financial hardship to the Participant resulting from an illness or
accident of the Participant, the Participant’s spouse, a Beneficiary or the
Participant’s dependent (as defined in Section 152 of the Code, without regard
to Sections 152(b)(1), (b)(2), and (d)(1)(B));
 
(b) loss of the Participant’s property due to casualty (including the need to
rebuild a home following damage to a home not otherwise covered by insurance,
for example, not as a result of a natural disaster); or 

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(c) other similar extraordinary and unforeseeable circumstances arising as a
result of events beyond the control of the Participant, which may include, if
applicable, (x) the imminent foreclosure of or eviction from the Participant’s
primary residence, (y) the need to pay for medical expenses of the Participant
or funeral expenses of the Participant’s spouse, a Beneficiary, or the
Participant’s dependent (as defined in Section 152 of the Code without regard to
Section 152 (b)(1), (b)(2), and (d)(1)(B)). Except as otherwise provided in this
clause (c), the purchase of a home and the payment of college tuition are not
Financial Hardship.
 
The determination of whether a Financial Hardship exists shall be determined by
the Committee after addressing facts and circumstances of each case and other
requirements of the applicable Treasury Regulations.
  
2.15 Interest. “Interest” means the amount credited to or charged against a
Participant’s Account(s) on each Determination Date, which shall be based on the
Valuation Funds chosen by the Participant as provided in Section 2.24, below and
in a manner consistent with Section 4.3, below. Such credits or charges to a
Participant’s Account may be either positive or negative to reflect the increase
or decrease in value of the Account in accordance with the provisions of this
Plan.
 
2.16 Matching Contribution. “Matching Contribution” means the annual
discretionary contribution, if any, made by the Company to the Participant’s
Matching Account or Class Year Account, as applicable, under Section 4.4, below.
 
2.17 Participant. “Participant” means any individual who is eligible, pursuant
to Section 3.1, below as applicable, to participate in this Plan, and who
either, has elected to defer Compensation under this Plan in accordance with
Article III, below, or who is determined by the Committee in their sole
discretion as being eligible to receive a Matching Contribution or a Retention
Contribution under this Plan. Such individual shall remain a Participant in this
Plan for the period of deferral, or credit, and until such time as all benefits
payable under this Plan have been paid in accordance with the provisions hereof.
 
2.18 Performance Based Compensation. “Performance Based Compensation” means
annual bonus and commissions, the amount of which, or the entitlement to which
is contingent on the satisfaction of pre-established organizational or
individual performance criteria that relate to a particular Performance Period
and are not certain to be met at the time the Deferral Election is made.
 
2.19 Performance Period. “Performance Period” means a continuous period of
service with the Company comprising one entire plan year (which is the Company’s
fiscal year) with respect to which Performance-Based Compensation is earned.
 
2.20 Plan. “Plan” means this Amended and Restated Deferred Compensation Program,
as amended from time to time.
 
2.21 Retention Contribution. “Retention Contribution” means the annual
discretionary contribution, if any, made by the Company to the Participant’s
Retention Account or Class Year Account, as applicable, under Section 4.4,
below.
 
2.22 Retirement. “Retirement” means the termination of a Participant’s
employment with the Company, for reasons other than death or Disability, on or
after the earlier of: (a) attainment of age 55 with at least ten (10) years of
continuous service with the Company; or (b) attainment of age sixty-five (65).
 
2.23 Specified Employees. “Specified Employees” means “key employees,” as
defined in Section 416(i) of the Code without regard to paragraph (5) thereof,
of the Company.
 
2.24 Termination of Employment. “Termination of Employment” occurs where the
Participant ceases performing any bona fide services for the Company,
irrespective of whether the Participant is receiving or scheduled to receive
salary continuation, severance, employee benefits or similar payments or
benefits following the cessation of services, and where such cessation of
services constitutes a separation from service under Code Section 409A.

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2.25 Valuation Funds. “Valuation Funds” means one or more of the hypothetical
investment funds or indices managed by an investment manager that are selected
by the Committee. These Valuation Funds are used solely to calculate the
Interest that is credited to each Participant’s Account(s) in accordance with
Article IV, below, and does not represent, nor should it be interpreted to
convey any beneficial interest or ownership on the part of the Participant in
any asset or other property of the Company. Participants may allocate their
Account(s) between Valuation Funds. Exhibit A attached hereto sets forth the
available Valuation Funds which may be amended from time to time in the sole and
absolute discretion of the Committee.
 
ARTICLE 3 - ELIGIBILITY AND PARTICIPATION
 
3.1 Eligibility and Participation.
 
(a) Eligibility. Eligibility to participate in the Plan shall be limited to
those employees of the Company who are (i) members of a select group of
management or highly-compensated employees and (ii) designated as eligible to
participate by the Committee, in its discretion, from time to time. An
individual’s eligibility to participate in the Plan may be limited, in the
Committee’s discretion, to deferrals only and/or to one or more Company
contribution types.
 
(b) Participation. An individual’s participation in the Plan shall be effective
upon notification to the individual by the Committee or its designee of his/her
eligibility to participate (which notification shall specify the effective date
of participation), and the earlier of a contribution under this Plan being made
on behalf of the Participant by the Company or the completion and submission of
an Enrollment Form, Allocation Form (as defined in Section 3.2(b) below), and a
Distribution Election to the Committee within the time periods set forth in
Section 3.2(b).
 
3.2 Form of Deferral Election. Except as otherwise provided in Section 3.1, a
Participant may irrevocably elect to make a Deferral Election and a related
Distribution Election with respect to Compensation other than annual bonus
Compensation or Performance-Based Compensation to be deferred for a given
Deferral Period, and any Matching Contribution that may be made with respect to
such Deferral Period, provided such elections are made and the respective forms
are submitted to the Committee prior to the December 31 that immediately
precedes the beginning of the Deferral Period. A Deferral Election and related
Distribution Election with respect to any bonus or Performance-Based
Compensation which is based on services performed over a period of at least
twelve (12) months shall be made prior to March 27 of such performance period
(and, in any event, no later than six (6) months prior to the end of such
performance period), provided that: (i) the election to defer is made before the
compensation has become readily ascertainable and (ii) the Participant was
employed at the time the performance criteria were established. Notwithstanding
the preceding, effective on and after January 1, 2014, a Deferral Election and
related Distribution Election with respect to a given calendar year/Deferral
Period shall apply to all Participant deferrals and Company contributions
attributable to such calendar year/Deferral Period that are credited to the
Participant’s applicable Class Year Account for such calendar year/Deferral
Period. The Deferral Election shall specify the following:
  
(a) Deferral Amounts; Accounts. A Deferral Election shall be made with respect
to each payment of Compensation payable by the Company to a Participant during
the Deferral Period, and, prior to January 1, 2014, shall designate the portion
of each deferral that shall be allocated among either the Deferral or In-Service
Accounts. In addition, for periods prior to January 1, 2014, no amounts shall be
deferred into an In-Service Account once payments have commenced under the terms
of this Plan and until such time as the entire Account Balance has been
completely distributed. The Participant shall set forth the amount of his salary
to be deferred as a whole percentage amount of Compensation.
 
(b) Allocation to Valuation Funds. The Participant shall specify in a separate
form (known as the “Allocation Form”) filed with the Committee, the
Participant’s initial allocation of the amounts deferred into each Account among
the various available Valuation Funds.
 

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(c) Maximum Deferral. The maximum amount of Compensation that may be deferred
shall be no more than seventy-five percent (75%) of base salary and one hundred
percent (100%) of annual bonus or Performance-Based Compensation.
 
3.3 Period of Commitment. Any Deferral Election or Distribution Election made by
a Participant with respect to Compensation shall remain in effect solely for the
current Deferral Period, and shall not remain in effect for any future Deferral
Periods; provided, if a Participant suffers a Disability or terminates
employment with Company prior to the end of the Deferral Period, the Deferral
Period shall end as of the date of Disability or Termination of Employment.
Furthermore, a Deferral Election may be temporarily revoked by operation of
Section 5.6, below.
 
3.4 Modification of Deferral Election. Except as provided in Sections 3.3,
above, and 5.6 below, a Deferral Election shall be irrevocable by the
Participant during a Deferral Period.
 
3.5 Change in Status. If the Committee determines that a Participant’s
employment performance is no longer at a level that warrants reward through
participation in this Plan, but does not terminate the Participant’s employment
with Company, the Participant’s existing Deferral Election shall terminate at
the end of the Deferral Period, and no new Deferral Election may be made by such
Participant after notice of such determination is given by the Committee, unless
the Participant later satisfies the requirements of Section 3.1. If the
Committee, in its sole discretion, determines that the Participant no longer
qualifies as a member of a select group of management or highly compensated
employees, as determined in accordance with the ERISA, and interpretive guidance
issued thereunder the Committee may, in its sole discretion terminate any
Deferral Election for that year, and prohibit the Participant from making any
future Deferral Elections.
 
3.6 Defaults in Event of Incomplete or Inaccurate Deferral Elections or
Distribution Elections. In the event that a Participant submits an incomplete or
inaccurate Deferral Election, as determined by the Committee in its discretion,
such election will be rejected as an invalid Deferral Election. In addition, in
the event that a Participant submits an incomplete or inaccurate Distribution
Election, as determined in the Committee’s discretion, the form of distribution
for all monies in each Account under the Plan shall be a lump sum distribution
upon Termination of Employment. Finally, in the event that a Participant submits
an incomplete or inaccurate Valuation Fund, the amounts to be credited to the
Participant’s applicable Account shall be invested in such fund as selected by
the Committee in its discretion.
 
 
ARTICLE 4 - DEFERRED COMPENSATION ACCOUNT
 
4.1 Accounts. Effective prior to January 1, 2014, the Compensation deferred by a
Participant under the Plan, and Interest shall be credited to the Participant’s
Account(s) as selected by the Participant; any Matching Contributions and
Interest thereon shall be credited to the Participant’s Matching Account; and
any Retention Contributions and Interest thereon shall be credited to the
Participant’s Retention Account. Separate accounts may be maintained on the
books of the Company to reflect the different Accounts chosen by the
Participant, and the Participant shall designate the portion of each deferral
that will be credited to each Account as set forth in Section 3.2(a), above.
These Accounts shall be used solely to calculate the amount payable to each
Participant under this Plan and shall not constitute a separate fund of assets.
Effective on and after January 1, 2014, for each calendar year/Deferral Period,
a Participant shall have all Compensation deferred by the Participant (and
Interest thereon) for a given calendar year/Deferral Period and all Company
contributions attributable to such calendar year/Deferral Period (and Interest
thereon) credited to the Participant’s applicable Class Year Account.
 
4.2 Timing of Credits; Withholding. A Participant’s deferred Compensation shall
be credited to each Account designated by the Participant as soon as
administratively practical after the date the Compensation deferred would have
otherwise been payable to the Participant. Any Matching Contributions shall be
credited to the Matching Account as set forth in Section 4.5, below. Any
Retention Contributions shall be credited to the Retention Account as set forth
in Section 4.5, below. Any withholding of taxes or other amounts with respect to
deferred Compensation or other amounts credited under this Plan that is required
by local, state or federal law shall be withheld from the

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Participant’s corresponding non-deferred portion of the Compensation to the
maximum extent possible, and any remaining amount shall reduce the amount
credited to the Participant’s Account in a manner specified by the Committee.
 
4.3 Valuation Funds. A Participant shall designate, at a time and in a manner
acceptable to the Committee, one or more Valuation Funds for each Account for
the sole purpose of determining the amount of Interest to be credited or debited
to such Account. Such election shall designate the portion of each deferral of
Compensation made into each Account that shall be allocated among the available
Valuation Fund(s), and such election shall apply to each succeeding deferral of
Compensation until such time as the Participant shall file a new election with
the Committee. Upon notice to the Committee, Participants shall also be
permitted to reallocate the balance in each Valuation Fund among the other
available Valuation Funds as determined by the Committee. The manner in which
such elections shall be made and the frequency with which such elections may be
changed and the manner in which such elections shall become effective shall be
determined in accordance with the procedures to be adopted by the Committee or
its delegates from time to time. As of the Effective Date, such elections may be
made on a daily basis electronically, and such elections shall become effective
on the date made or the next available Determination Date.
  
4.4 Company Contributions.
 
(a) Matching Contributions. With respect to a Participant who (i) elects to
defer Compensation under the Plan for a given Deferral Period, and (ii) deferred
the maximum permissible amount under the Hologic, Inc. Savings and Investment
Plan (the “401(k) Plan”) for such Deferral Period, the Company may make a
discretionary contribution to the Matching Account of the Participant for such
Deferral Period in an amount not to exceed the amount that would have been
credited to the Participant under the 401(k) Plan, but for the deferral
limitations under the 401(k) Plan. If the Company, in its discretion, elects to
make a Matching Contribution for a given Deferral Period, the applicable
Matching Contribution shall be credited to each eligible Participant’s Matching
Account as soon as is practical after the end of the Deferral Period. Beginning
with fiscal year 2015, the Company may also make a separate discretionary
contribution for the benefit of a Participant, in any amount determined by the
Company, as a separate contribution within the Matching Account of the
Participant for the applicable fiscal year, regardless of whether the
Participant participates or has made deferral elections under the 401(k) Plan
for the fiscal year and the amount of any discretionary contribution shall be
credited and combined with other amounts in the Participant’s Matching Account.
In order for a Participant to be eligible to receive a Matching Contribution, if
any, made under this Section 4.4(a) with respect to a given Deferral Period, the
Participant must remain an active employee of the Company on the last day of
such Deferral Period, and with respect to a separate discretionary contribution
in a fiscal year must remain an employee on the last day of the applicable
fiscal year. Effective on and after January 1, 2014, Matching Contributions
attributable to a given calendar year/Deferral Period shall be made to the
Participant’s applicable Class Year Account.

(b) Retention Contributions. Company may make a discretionary contribution to
each eligible Participant’s Retention Account as soon as is practical after the
close of the Company’s fiscal year. The amount of the credit shall be determined
by the Committee in its sole discretion, and each year, the Committee shall have
the discretion to increase or decrease the Retention Contribution from prior
years, or to eliminate the contribution totally for any given year. Effective on
and after January 1, 2014, Retention Contributions attributable to a given
calendar year/Deferral Period shall be made to the Participant’s applicable
Class Year Account.
 
4.5 Determination of Accounts. Each Participant’s Account as of each
Determination Date shall consist of the balance of the Account as of the
immediately preceding Determination Date, adjusted as follows:
 
(a) New Deferrals. Each Account shall be increased by any deferred Compensation
credited since such prior Determination Date in the proportion chosen by the
Participant, except that no amount of new deferrals shall be credited to an
Account at the same time that a distribution is to be made from that Account.
 
(b) Company Contributions. Each Account shall be increased by any Matching
Contributions or Retention Contributions credited since such prior Determination
as set forth above in sections 4.4 or as otherwise directed by the Committee.

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(c) Distributions. Each Account shall be reduced by the amount of each benefit
payment made from that Account since the prior Determination Date. Distributions
shall be deemed to have been made proportionally from each of the Valuation
Funds maintained within such Account based on the proportion that such Valuation
Fund bears to the sum of all Valuation Funds maintained within such Account for
that Participant as of the Determination Date immediately preceding the date of
payment.
 
(d) Interest. Each Account shall be increased or decreased by the Interest
credited to such Account since such Determination Date as though the balance of
that Account as of the beginning of the current month had been invested in the
applicable Valuation Funds chosen by the Participant.
  
4.6 Vesting of Accounts. Each Participant shall be vested in the amounts
credited to such Participant’s Account and Interest thereon as follows:
 
(a) Amounts Deferred. A Participant shall be one hundred percent (100%) vested
at all times in the amount of Compensation elected to be deferred under this
Plan to the Deferral Account and In-Service Account, if any, including any
Interest thereon.
 
(b) Matching Contributions. A Participant shall be one hundred percent (100%)
vested at all times in the amount of Matching Contributions made, if any, to the
Participant’s Matching Account (or, effective on and after January 1, 2014, the
applicable Class Year Account), including any Interest thereon.
 
(c) Retention Contributions. Each separate Retention Contribution, if any, to a
Participant’s Retention Account (or, effective on and after January 1, 2014, the
applicable Class Year Account), including any Interest thereon, shall be 33%
vested on September 30 of the first calendar year that commences following the
fiscal year to which the Retention Contribution is attributable, provided, that
the Participant remains employed by the Company on such date; vested in an
additional 33% of such Retention Contribution on September 30 of the second
calendar year that commences following the fiscal year to which the Retention
Contribution is attributable, provided, that the Participant remains employed by
the Company on such date; and vested in an additional 34% of such Retention
Contribution on September 30 of the third calendar year that commences following
the fiscal year to which the Retention Contribution is attributable, provided,
that the Participant remains employed by the Company on such date. If the
Participant fails to remain employed with the Company through the vesting dates
and the Retention Contribution is not otherwise vested as providing in the
following sentence, then the unvested portion of the Retention Contribution and
any Interest thereon shall be forfeited and returned to the Company.
Notwithstanding the previous sentence or anything else herein to the contrary, a
Participant’s Retention Contributions shall (i) be one hundred percent (100%)
vested upon the death or Disability of the Participant, the Participant’s
Retirement or a Change of Control or (ii) be one hundred percent (100%) vested
as otherwise provided by the Committee in its sole discretion.
 
(d) Statement of Accounts. The Committee shall direct the Plan’s third-party
administrator to provide to each Participant a statement showing the balances in
the Participant’s Account on a quarterly basis.
 
ARTICLE 5 - PLAN BENEFITS
 
5.1 Deferral Account and Matching Account. The vested portion of a Participant’s
Deferral Account and Matching Account shall be distributed to the Participant
upon the Termination of Employment with the Company.
 
(a) Timing of Payment. Subject to Section 5.9, benefits payable from the
Deferral Account shall commence on or about the December 15th immediately
following the date of the Participant’s Termination of Employment, or if
termination is after December 15th (i.e., the period between December 16 and
December 31 in any year), then within forty-five days following the
Participant’s Termination of Employment, and subsequent payments, if the Form of
Payment selected provides for subsequent payments, shall be made on or about
each succeeding December 15th both in accordance with the Company’s normal
payroll procedures.
  

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(b) Form of Payment. The form of benefit payment from the Deferral Account and
Matching Account (or, as applicable, a portion of the Deferral Account or
Matching Account) shall be that form selected by the Participant in the
applicable Deferral Election and Distribution Election which designated the
distribution of the Matching Account or a portion of the Compensation deferred
be allocated to the Deferral Account, and as permitted pursuant to Section 5.10
below, except that if the Participant terminates employment prior to Retirement,
in which event, the Deferral Account and the Matching Account shall be paid in
the form of a lump sum payment.
 
5.2 Retention Account. The vested portion of the Participant’s Retention Account
shall be distributed to the Participant upon the Termination of Employment with
the Company.
 
(a) Timing of Payment. Subject to Section 5.9, benefits payable from the
Retention Account shall commence on or about the December 15th immediately
following the date of the Participant’s Termination of Employment, or if
termination is after December 15th later (i.e., the period between December 16
and December 31 in any year), then within forty-five days following the
Participant’s Termination of Employment, and subsequent payments, if the Form of
Payment selected provides for subsequent payments, shall be made on or about
each succeeding December 15th both in accordance with the Company’s normal
payroll procedures.
 
(b) Form of Payment. The form of benefit payment from the Retention Account
shall be made in that form selected by the Participant in the Distribution
Election set forth in the Enrollment Form filed with the Committee coincident
with the initial crediting of amounts to the Retention Account, and as permitted
pursuant to Section 5.10 below, except that if the Participant terminates
employment prior to Retirement, in which event, the Retention Account shall be
paid in the form of a lump sum payment.
 
5.3 In-Service Account. The vested portion of a Participant’s In-Service Account
shall generally be distributed to the Participant upon the date chosen by the
Participant, or if earlier the Participant’s Termination of Employment.
 
(a) Timing of Payment. Subject to Section 5.9, benefits under this section shall
be payable on or about January 15th of the year specified in the first Deferral
Election which designated a portion of the Compensation deferred be allocated to
the In-Service Account and subsequent payments. In no event shall the date
selected be earlier than twenty-four (24) months following the initial filing of
the Deferral Election with respect to that In-Service Account. In the event that
the Participant terminates employment with the Company prior to the date so
specified, the benefits under this section shall commence on Participant’s
Termination of Employment. Any benefit payments due on Termination of Employment
shall commence on or about the December 15th immediately following the date of
the Participant’s Termination of Employment, or if termination is after December
15th (i.e., the period between December 16 and December 31 in any year), then
within forty-five days following the Participant’s Termination of Employment and
if the Form of Payment selected provides for subsequent payments, subsequent
payments shall be made on or about each succeeding December 15th both in
accordance with the Company’s normal payroll procedures.
 
(b) Form of Payment. The form of benefit payment from the In-Service Account
shall be that form selected by the Participant pursuant to Section 5.10, below,
except that if the Participant terminates employment with the Company prior to
the date so specified, then the In-Service Account shall be paid in the form of
a lump sum payment.
   
5.4 Class Year Account. The vested portion of each applicable Class Year Account
of a Participant shall be distributed to the Participant upon the earlier of (i)
the Participant’s Termination of Employment with the Company or (ii) a
date-certain distribution date, as elected by the Participant.
 
(a) Timing of Payment. Subject to Section 5.9, benefits payable from the
applicable Class Year Account shall commence within sixty (60) days following
the earlier of (i) date of the Participant’s Termination of Employment or (ii)
the date-certain distribution date elected by the Participant, and subsequent
payments, if the Form of Payment selected provides for subsequent payments,
shall be made on each subsequent anniversary date of

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the first payment. In no event shall a Participant be permitted to elect the tax
year of payment when the sixty (60) day period spans two calendar years.
 
(b) Form of Payment. The form of benefit payment from the applicable Class Year
Account shall be that form selected by the Participant in the applicable
Deferral Election and Distribution Election which designated the distribution of
the applicable Class Year Account. Notwithstanding the preceding, if the
Participant terminates employment prior to Retirement, Retention Contributions
made to the Participant’s Class Year Accounts shall be distributed in the form
of a lump sum payment.
 
5.5 Death Benefit. Notwithstanding any Plan provision to the contrary, upon the
death of a Participant prior to the commencement of benefits under this Plan
from any particular Account, Company shall pay to the Participant’s Beneficiary
an amount equal to the vested Account balance in that Account in the form of a
lump sum payment within ninety (90) days following the Participant’s date of
death, provided substantiation of such death is provided to the Company within
such time period. In the event of the death of the Participant after the
commencement of benefits under this Plan from any Account, the benefits from
that Account(s) shall be paid to the Participant’s designated Beneficiary from
that Account at the same time and in the same manner as if the Participant had
survived.
 
5.6 Hardship Distributions. Upon a finding that a Participant has suffered a
Financial Hardship, the Committee shall terminate the existing Deferral
Election, and/or make distributions from any or all of the Participant’s
Accounts. The amount of such distribution shall be limited to the amount
reasonably necessary to meet the Participant’s needs resulting from the
Financial Hardship plus amounts necessary to pay taxes reasonably anticipated as
a result of the distribution, after taking into account the extent to which such
Financial Hardship is or may be relieved through the reimbursement or
compensation by insurance, or otherwise or by liquidation of the Participant’s
assets (to the extent that liquidation of such assets would not itself cause
severe financial hardship). The amount of such distribution will not exceed the
Participant’s vested Account balances. If payment is made due to Financial
Hardship, the Participant’s deferrals under this Plan shall cease for the period
of the Financial Hardship and for twelve (12) months thereafter. If the
Participant is again eligible to participate, any resumption of the
Participant’s deferrals under the Plan after such twelve (12) month period shall
be made only at the election of the Participant in accordance with Article III
herein.
  
5.7 Change of Control Distributions. Upon the occurrence of a Change of Control,
benefits payable from the Participant’s Accounts shall be distributed to the
Participant within forty-five (45) days following the Change of Control.
 
5.8 Disability Distributions. Notwithstanding any Plan provision to the
contrary, with respect to a Participant Disability occurring after October 15,
2013, upon a finding that a Participant has suffered a Disability prior to the
commencement of benefits under the Plan, the Committee shall distribute the
vested Account balance from each of the Participant’s Accounts in the form of a
lump sum payment within ninety (90) days following the Participant’s Date of
Disability.
 
5.9 Payment to Specified Employees. Payments of benefits due to the Termination
of Employment of a Participant who is determined to meet the definition of
Specified Employee shall be payable as otherwise provided, except that the
initial payment shall be made no earlier than the first business day following
the last day of the six (6) month anniversary following a Specified Employee’s
Termination of Employment with the Company in accordance with the Company’s
normal payroll procedures (or if earlier than the end of the six (6) month
period, the date of death of the Specified Employee).
 
5.10 Form of Payment. Unless otherwise specified in this Article, the benefits
payable from any Account under this Plan shall be paid in the form of benefit as
provided below, and as elected by the Participant. The permitted forms of
benefit payments are:
 
(a) A lump sum; and
 

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(b) Annual installments for a period of up to fifteen (15) years (or in the
event of payment of the In-Service Account, a maximum of five (5) years) (with
respect to Class Year Accounts, up to fifteen (15) years if payment is to be
made due to Termination of Employment; otherwise, up to five (5) years if
payment is to be made pursuant to a date-certain distribution election) where
the annual payment shall be equal to the balance of the Account (or portion of
the Account payable in Installments) immediately prior to the payment,
multiplied by a fraction, the numerator of which is one (1) and the denominator
of which commences at the number of annual payment initially chosen and is
reduced by one (1) in each succeeding year. Interest on the unpaid balance shall
be based on the most recent allocation among the available Valuation Funds
chosen by the Participant, made in accordance with Section 4.3, above. For
purposes of Code Section 409A, installment payments shall be considered to be
single payment.
 
5.11 Small Account. If the total of a Participant’s vested, unpaid aggregate
Account balance in all Accounts under the Plan as of the date of the
Participant’s Termination of Employment is less than $10,000, the remaining
unpaid, vested aggregate Account balance in all Accounts under the Plan shall be
paid in a lump sum, notwithstanding any election by the Participant to the
contrary.
  
5.12 Withholding; Payroll Taxes. Company shall withhold from any payment made
pursuant to this Plan any taxes required to be withheld from such payments under
local, state or federal law.
 
5.13 Payment to Guardian. If a Plan benefit is payable to a minor or a person
declared incompetent or to a person incapable of handling the disposition of the
property, the Committee may direct payment to the guardian, legal representative
or person having the care and custody of such minor, incompetent or person. The
Committee may require proof of incompetency, minority, incapacity or
guardianship as it may deem appropriate prior to distribution. Such distribution
shall completely discharge the Committee and Company from all liability with
respect to such benefit.
 
5.14 Effect of Payment. The full payment of the applicable benefit under this
Article V shall completely discharge all obligations on the part of the Company
to the Participant (and the Participant’s Beneficiary) with respect to the
operation of this Plan, and the Participant’s (and Participant’s Beneficiary’s)
rights under this Plan shall terminate.
 
5.15 Forfeiture. In the event a Participant is terminated for “cause”, then his
Retention Account shall be immediately forfeited without regard to whether or
not he is vested or unvested in such Retention Account. For purposes of this
Plan, “cause” shall mean (i) an act or acts of personal dishonesty taken by the
Participant and intended to result in substantial personal enrichment of the
Participant at the expense of the Company; (ii) material violation of the
Company’s Code of Conduct, and other Company Codes of Conduct or policies and
procedures that are applicable to the Participant; or (iii) the conviction of
the Participant of a felony involving moral turpitude, which are not remedied in
a reasonable period of time after receipt of written notice from the Company.
Notwithstanding anything in the Plan to the contrary, forfeiture for cause may
not occur following a Change of Control.
 
5.16 No Acceleration of Retirement Benefit. Neither a Participant nor the
Company may accelerate the time or schedule of any Retirement Benefit scheduled
to be paid under the Plan (including, for this purpose, any Deferral Agreement
or Deferral Election). Notwithstanding the foregoing, the time or schedule of
any Retirement Benefit may be accelerated in any of the following circumstances:
 
(a) Domestic Relations Orders. The Plan Administrator may accelerate the time or
schedule of a payment under the Plan to an individual other than the
Participant, or a payment under the Plan may be made to an individual other than
the Participant, to the extent necessary to fulfill a domestic relations order
(as defined in Section 414(p)(1)(B) of the Code);
 
(b) Payment of Employment Taxes. The Plan Administrator may accelerate the time
or schedule of a payment under the Plan, or a payment may be made under the
Plan, to (x) pay the Federal Insurance Contributions Act (“FICA”) tax imposed
under Sections 3101, 3121(a) or 3121(v)(2) of the Code or (y) pay the

--------------------------------------------------------------------------------

income tax at the source on wages imposed under Section 3401 of the Code or the
corresponding withholding provisions of applicable state, local or foreign tax
laws. However, the total payment under this clause (b) may not exceed the
aggregate of the FICA amount and the income tax withholding related to the FICA
amount;
  
(c) Payment Upon Income Inclusion Under Section 409A. The Plan Administrator may
accelerate the time or schedule of a payment under the Plan, or a payment may be
made under the Plan, at any time that the Plan fails to meet the requirements of
Section 409A of the Code and the Final Regulations. Such payment may not exceed
the amount required to be included in income as a result of the failure to
comply with the requirements of Section 409A of the Code and the Treasury
Regulations promulgated thereunder; or
 
(d) Certain Offsets. The Plan Administrator may accelerate the time or schedule
of a payment under the Plan, or a payment may be made under the Plan, as
satisfaction of debt of the Participant to the Company, where such debt is
incurred in the ordinary course of the service relationship between the
Participant and the Company, the entire amount of reduction in any of the
Participant’s taxable years does not exceed $5,000, and the reduction is made at
the same time and in the same amount as the debt otherwise would have been due
and collected from the Participant.

5.17 Change of Time and/or Form of Payment. With respect to timing of payment
set forth in sections 5.1(a), 5.2(a), 5.3(a) or 5.4(a), the Participant may
subsequently amend the form of payment provided or elected in any one of the
aforementioned sections to a date later than that date initially chosen, by
filing such amendment with the Committee no later than twelve (12) months prior
to the current date of payment. The Participant may file this amendment,
provided that each amendment must provide for a payout under this paragraph at a
date no earlier than five (5) years after the date of payment in force
immediately prior to the filing of such request, and the amendment may not take
effect for twelve (12) months after the request is made.

 
ARTICLE 6 - BENEFICIARY DESIGNATION
 
6.1 Beneficiary Designation. Each Participant shall have the right, at any time,
to designate one (1) or more persons or entity as Beneficiary (both primary as
well as secondary) to whom benefits under this Plan shall be paid in the event
of Participant’s death prior to complete distribution of the Participant’s
vested Account balance. Each Beneficiary designation shall be in a written form
prescribed by the Committee, shall be effective only when filed with the
Committee during the Participant’s lifetime and shall apply to all monies in all
of the Participant’s Accounts under the Plan.
 
6.2 Changing Beneficiary. Any Beneficiary designation may be changed by a
Participant without the consent of the previously named Beneficiary by the
filing of a new Beneficiary designation with the Committee.
 
6.3 No Beneficiary Designation. If any Participant fails to designate a
Beneficiary in the manner provided above, if the designation is void, or if the
Beneficiary designated by a deceased Participant dies before the Participant or
before complete distribution of the Participant’s benefits, the Participant’s
Beneficiary shall be the person in the first of the following classes in which
there is a survivor:
 
(a) The Participant’s surviving spouse;
 
(b) The Participant’s children in equal shares, except that if any of the
children predeceases the Participant but leaves surviving issue, then such issue
shall take by right of representation the share the deceased child would have
taken if living; or
 
(c) The Participant’s estate.
 
6.4 Effect of Payment. Payment to the Beneficiary shall completely discharge the
Company’s obligations under this Plan.
  

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ARTICLE 7 - ADMINISTRATION
 
7.1 Committee; Duties. This Plan shall be administered by the Compensation
Committee, or the Senior Vice President of Human Resources acting as the Plan
Administrator. References to the “Compensation Committee” in the Plan shall
include the Senior Vice President of Human Resources acting in his capacity as
Plan Administrator. The Committee or its designee shall have the authority to
make, amend, interpret and enforce all appropriate rules and regulations for the
administration of the Plan and decide or resolve any and all questions,
including interpretations of the Plan, as they may arise in such administration.
A majority vote of the Committee members shall control any decision.
 
7.2 Agents. The Committee may, from time to time, employ agents and delegate to
them such administrative duties as it sees fit, and may from time to time
consult with counsel who may be counsel to the Company.
 
7.3 Binding Effect of Decisions. The decision or action of the Committee with
respect to any question arising out of or in connection with the administration,
interpretation and application of the Plan and the rules and regulations
promulgated hereunder shall be final, conclusive and binding upon all persons
having any interest in the Plan.
 
7.4 Indemnity of Committee. To the fullest extent permitted by the Company’s
Articles of Incorporation and By-Laws, the Company shall indemnify and hold
harmless the members of the Compensation Committee or the Senior Vice President
of Human Resources acting as the Plan Administrator against any and all claims,
loss, damage, expense or liability arising from any action or failure to act
with respect to this Plan on account of such member’s service on the Committee,
except in the case of gross negligence or willful misconduct.
 
ARTICLE 8 - CLAIMS PROCEDURE
 
8.1 Claim. Any person or entity claiming a benefit, requesting an interpretation
or ruling under the Plan (hereinafter referred to as “Claimant”), or requesting
information under the Plan shall present the request in writing to the
Committee, which shall respond in writing as soon as practical, but in no event
later than ninety (90) days after receiving the initial claim (or no later than
forty-five (45) days after receiving the initial claim regarding a Disability
under this Plan).
 
8.2 Denial of Claim. If the claim or request is denied, the written notice of
denial shall state:
 
(a) The reasons for denial, with specific reference to the Plan provisions on
which the denial is based;
 
(b) A description of any additional material or information required and an
explanation of why it is necessary, in which event the time frames listed in
section 8.1 shall be one hundred and eighty (180) and seventy-five (75) days
from the date of the initial claim respectively; and
 
(c) An explanation of the Plan’s claim review procedure.
  
8.3 Review of Claim. Any Claimant whose claim or request is denied or who has
not received a response within sixty (60) days (or one hundred and eighty (180)
days in the event of a claim regarding a Disability) may request a review by
notice given in writing to the Committee. Such request must be made within sixty
(60) days (or one hundred and eighty (180) days in the event of a claim
regarding a Disability) after receipt by the Claimant of the written notice of
denial, or in the event Claimant has not received a response sixty (60) days (or
one hundred and eighty (180) days in the event of a claim regarding a
Disability) after receipt by the Committee of Claimant’s claim or request. The
claim or request shall be reviewed by the Committee which may, but shall not be
required to, grant the Claimant a hearing. On review, the claimant may have
representation, examine pertinent documents, and submit issues and comments in
writing.
 

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8.4 Final Decision. The decision on review shall normally be made within sixty
(60) days (or forty-five (45) days in the event of a claim regarding a
Disability) after the Committee’s receipt of claimant’s claim or request. If an
extension of time is required for a hearing or other special circumstances, the
Claimant shall be notified and the time limit shall be one hundred twenty (120)
days (or ninety (90) days in the event of a claim regarding a Disability). The
decision shall be in writing and shall state the reasons and the relevant Plan
provisions. All decisions on review shall be final and bind all parties
concerned.
 
ARTICLE 9 - AMENDMENT AND TERMINATION OF PLAN
 
9.1 Amendment. The Board may at any time amend the Plan by written instrument,
notice of which is given to all Participants and to Beneficiary receiving
installment payments, except that no amendment shall reduce or otherwise
adversely affect the amount accrued in any Account as of the date the amendment
is adopted.
 
9.2 Company’s Right to Terminate. The Board may at any time terminate the Plan
provided that such termination of the Plan is not treated as an “acceleration of
benefits” as described in Section 409A(a)(3) of the Code and the Plan
termination is identified as an exception to the non-acceleration rule” under
Treasury Regulation Section 1.409A-3(j)(4)(ix). Upon a permitted partial or
complete termination, the Board may cease all future Deferral Elections, all
current Deferral Elections, and or, in its sole discretion, pay out Accounts
over a period of up to five (5) years, provided such action is not treated as an
“acceleration of benefits” as described in Section 409A(a)(3) of the Code and
Treasury Regulation Section 1.409A-3(j)(4)(ix).:
 
ARTICLE 10 - MISCELLANEOUS
 
10.1 Unsecured General Creditor. Notwithstanding any other provision of this
Plan, Participants and Participants’ Beneficiary shall be unsecured general
creditors, with no secured or preferential rights to any assets of Company or
any other party for payment of benefits under this Plan. Any property held by
Company for the purpose of generating the cash flow for benefit payments shall
remain its general, unpledged and unrestricted assets. Company’s obligation
under the Plan shall be an unfunded and unsecured promise to pay money in the
future.
 
10.2 Trust Fund. Company shall be responsible for the payment of all benefits
provided under the Plan. At its discretion, Company may establish one (1) or
more rabbi trusts, with such trustees as the Board may approve, for the purpose
of assisting in the payment of such benefits. The assets of any such trust shall
be held for payment of all Company’s general creditors in the event of
insolvency. To the extent any benefits provided under the Plan are paid from any
such trust, Company shall have no further obligation to pay them. If not paid
from the trust, such benefits shall remain the obligation of Company.
 
10.3 Nonassignability. Neither a Participant nor any other person shall have any
right to commute, sell, assign, transfer, pledge, anticipate, mortgage or
otherwise encumber, transfer, hypothecate or convey in advance of actual receipt
the amounts, if any, payable hereunder, or any part thereof, which are, and all
rights to which are, expressly declared to be unassignable and non-transferable.
No part of the amounts payable shall, prior to actual payment, be subject to
seizure or sequestration for the payment of any debts, judgments, alimony or
separate maintenance owed by a Participant or any other person, nor be
transferable by operation of law in the event of a Participant’s or any other
person’s bankruptcy or insolvency.
 
10.4 Not a Contract of Employment. This Plan shall not constitute an employment
contract or a contract for services of any kind between the Company and the
Participant. Nothing in this Plan shall confer on the Participant the right to
be retained by Company or otherwise be retained in the service of the Company or
to interfere with the right of the Company to terminate its relationship with a
Participant at any time.
 
10.5 Protective Provisions. A Participant will cooperate with Company by
furnishing any and all information requested by Company, in order to facilitate
the payment of benefits hereunder, and by taking such physical examinations as
Company may deem necessary and taking such other action as may be requested by
Company.
 

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10.6 Governing Law. The provisions of this Plan shall be construed and
interpreted according to the laws of the Commonwealth of Massachusetts, except
to the extent as preempted by federal law.
 
10.7 Validity. If any provision of this Plan shall be held illegal or invalid
for any reason, said illegality or invalidity shall not affect the remaining
parts hereof, but this Plan shall be construed and enforced as if such illegal
and invalid provision had never been inserted herein.
 
10.8 Notice. Any notice required or permitted under the Plan shall be sufficient
if in writing and hand delivered or sent by registered or certified mail. Such
notice shall be deemed given as of the date of delivery or, if delivery is made
by mail, as of the date shown on the postmark on the receipt for registration or
certification. Mailed notice to the Committee shall be directed to the company’s
address. Mailed notice to a Participant or Beneficiary shall be directed to the
individual’s last known address in company’s records.
 
10.9 Successors. The provisions of this Plan shall bind and inure to the benefit
of Company and its successors and assigns. The term successors as used herein
shall include any corporate or other business entity which shall, whether by
merger, consolidation, purchase or otherwise acquire all or substantially all of
the business and assets of Company, and successors of any such corporation or
other business entity
 
10.10 Code Section 409A. Notwithstanding anything herein to the contrary, in the
event that the Company, upon the advice of its counsel, determines in its sole
and absolute discretion that a delay in payment of a benefit hereunder or other
modification is necessary to comply with Section 409A of the Code and the
Treasury Regulations promulgated thereunder, then such delay in payment or other
modification shall be made.