Fourth Amendment to Employees' Retirement Program Part II


 Exhibit 10.6m 
 FOURTH AMENDMENT OF 
 FMC TECHNOLOGIES, INC.
EMPLOYEES’ RETIREMENT PROGRAM 
 PART II UNION HOURLY EMPLOYEES’ RETIREMENT PLAN 
 WHEREAS, FMC Technologies, Inc. (the “Company”) maintains the FMC Technologies, Inc. Employees’ Retirement Program
Part II Union Hourly Employees’ Retirement Plan (the “Plan”); 
 WHEREAS, amendment of the Plan is now
considered desirable to (i) update the Plan’s definition of Actuarial Equivalent in furtherance of the final U.S. Treasury regulations regarding qualified joint and survivor annuity relative value requirements; (ii) reduce the cashout
amount for Small Annuities with respect to Code Section 401(a)(31) and the related Department of Labor regulations regarding the administrative handling of Small Annuities; (iii) provide for retroactive annuity starting dates and
(iv) increase the Benefit Rate with respect to Supplement 3, Smith Meter Plant, Erie, Pennsylvania; and 
 WHEREAS,
this amendment shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of the amendment; 
 NOW, THEREFORE, by virtue and in exercise of the powers reserved to the Company under Section 11.1 Plan Amendment or Termination of the Plan, the Plan is hereby amended in the following
respects: 
 1. Effective February 1, 2006, the first paragraph of the definition of Actuarial Equivalent contained in
Article I of the Plan is hereby amended and restated in its entirety to read as follows: 
 Actuarial Equivalent means a benefit determined to be of equal value to another benefit, on the basis of either (a) the UP-1984 Mortality Table and 8- 1/2% interest compounded annually or (b) the mortality table and
interest rate described in the applicable Supplement. 






 Notwithstanding the above to the contrary, for purposes
of optional form of benefit conversions (including optional form of benefit conversions described in Supplements 2, 3, 4, 5 and 6, but excluding optional form of benefit conversions described in Supplement 1), Actuarial Equivalent means a benefit
determined to be of equal value to another benefit on the basis of the greater of (1) either (a) the actuarial equivalent, computed using the UP-1984 Mortality Table and 8- 1/2% interest compounded annually, of the accrued benefit as of
February 1, 2006 or (b) the actuarial equivalent, computed using the mortality table and interest rate described in the applicable Supplement, of the accrued benefit as of February 1, 2006, or (2) the actuarial equivalent,
computed using the RP-2000 Combined Healthy Participant Table (RP2000CH), weighted 80% male/20% female and 6% interest compounded annually, of the accrued benefit as of the date of determination on or after February 1, 2006. 

2. Effective January 1, 2004, Section 6.3.2 is hereby amended by adding the following sentence to the end thereof to read as
follows: 
 Notwithstanding the above to the contrary, effective January 1, 2004, in the event a Participant elects a
Retroactive Annuity Starting Date as provided in Section 6.5, the notice under 6.3.1 shall be provided to the Participant on or about the date that the Participant files an election for a Retroactive Annuity Starting Date. 
 3. Effective January 1, 2004, Section 6.3.5 is hereby added to the Plan to read as follows: 
 Notwithstanding the foregoing provisions in Section 6.3, effective January 1, 2004, a Participant may elect a Retroactive Annuity
Starting Date (as defined in Treas. Reg. 1.417(e)-1(b)(3)(iv)(B)), pursuant to Section 6.5. In the event that the notice information described in Section 6.3 is provided to the Participant after the Participant’s Annuity Starting Date
(as defined in Section 417(f)(2) of the Code) or Retroactive Annuity Starting Date, the Participant shall have at least 30 days after the date the notification is provided to make the election described in Section 6.3. The Participant may
waive this 30 day period pursuant to the provisions of Section 6.3.4. 
 4. Effective January 1, 2004,
Section 6.5 is hereby added to the Plan to read as follows: 
 6.5. Election of Retroactive Annuity
Starting Date Effective January 1, 2004, a Participant may elect a “Retroactive Annuity Starting Date” (as defined in Treas. Reg. 1.417(e)-l(b)(3)(iv)(B)), that occurs on or before the date the notice information described in
Section 6.3 is provided to the Participant, provided the following conditions are satisfied: 
  

	 	(a)	The Participant’s spouse (including an alternate payee who is treated as the spouse under a qualified domestic relations order), determined as if the date
distributions commence were the Participant’s Annuity Starting Date (as defined in Section 417(f)(2) of the Code), consents to the Participant’s election of a Retroactive Annuity Starting Date. The spousal consent requirement of this
Section 6.5(a) is satisfied if such consent satisfies the conditions of Section 6.3.3 above. 








	 	(b)	If the date distribution commences is more than 12 months from the Retroactive Annuity Starting Date, the distribution provided based on the Retroactive Annuity
Starting Date shall satisfy Section 415 of the Code as though the date distribution commences is substituted for the annuity starting date for all purposes, including for purposes of determining the applicable interest rate and applicable
mortality table, (as defined in Article I). 

  

	 	(c)	If the distribution is payable as a lump sum, the distribution amount shall not be less than the present value of the Participant’s accrued benefit, determined
(i) using the applicable mortality table and applicable interest rate as of the distribution date or (ii) using the applicable mortality table and applicable interest rate as of the Participant’s Retroactive Annuity Starting Date. For
purposes of this paragraph (c) applicable mortality table and applicable interest rate are defined in Article I. 

 If a Participant elects a Retroactive Annuity Starting Date the following provisions shall apply: 
  

	 	(a)	future periodic payments shall be the same as the future periodic payments, if any, that would have been paid with respect to the Participant had payments actually
commenced on the Retroactive Annuity Starting Date; 

  

	 	(b)	the Participant shall receive a make-up payment to reflect any missed payment or payments for the period from the Retroactive Annuity Starting Date to the date of
actual make-up payment (with appropriate adjustment for interest from the date the missed payment or payments would have been made to the date of the actual make-up payment); 








	 	(c)	the benefit determined as of the Retroactive Annuity Starting Date shall satisfy Section 417(e)(3) of the Code, if applicable, and Section 415 with the
applicable interest rate and applicable mortality table (as defined in Article I) determined as of that date; and the Retroactive Annuity Starting Date shall not precede the date the Participant could have otherwise started receiving benefits
under the Plan. 

 5. Effective for distributions made on or after January 1, 2005, the first paragraph of
Section 12.8 contained in Article XII of the Plan is hereby amended and restated in its entirety to read as follows: 
 If the sum of (a) the lump sum Actuarial Equivalent value of a Normal, Early, or Deferred Retirement Benefit under Article III, Termination Benefit (payable at the Participant’s Normal
Retirement Date) under Article IV or Survivor’s Benefit under Article VII, excluding any Aetna or Prudential nonparticipating annuity; and (b) the lump sum Actuarial Equivalent value of any Aetna or Prudential nonparticipating annuity is
equal to $1,000 (or such other amount as may be prescribed in or under the Code) or less, such amounts shall be paid in a lump sum as soon as administratively practicable following the Participant’s retirement, termination of employment or
death. 
 6. Effective September 1, 2005, Section 1-7 of Supplement 1 – Jetway Systems
Division – Ogden, Utah is hereby amended in its entirety to read as follows: 
 Early Retirement Date means the later of the Participant’s 55th birthday and the date the Participant acquires 10 years of Credited Service. 
 7.
Effective September 1, 2005, the table of early retirement reduction factors set forth in Section 1-8 of Supplement 1 – Jetway Systems Division – Ogden, Utah is hereby deleted in its entirety and
replaced with the following table: 
  

				
	  
 Age Benefits
Begin
	 	Reduced Percentage	 
	  
 65
	 	0	% 
	  
 64
	 	96	% 
	  
 63
	 	92	% 
	  
 62
	 	88	% 
	  
 61
	 	84	% 
	  
 60
	 	80	% 
	  
 59
	 	75	% 
	  
 58
	 	70	% 
	  
 57
	 	65	% 
	  
 56
	 	60	% 
	  
 55
	 	55	% 







 8. Effective January 1, 2006, the chart that appears in Section 3-5 Normal
Retirement Benefit of Supplement 3 - Smith Meter Plant, Erie, Pennsylvania is hereby amended in its entirety to read as follows: 
 A Participant’s monthly Normal Retirement Benefit shall be determined by multiplying the fixed rate provided below in effect on the date the Participant’s Years of Credited Service terminate,
multiplied by the Participant’s Years of Credited Service: 
  

				
	 Termination Date
	  	Benefit Rate
	 On or after January 1, 1999
 but prior to January 1, 2001
	  	$	25.00
		
	 On or after January 1, 2001
 But prior to January 1, 2002
	  	$	26.00
		
	 On or after January 1, 2002
 but prior to January 1, 2003
	  	$	27.00
		
	 On or after January 1, 2003
 but prior to January 1, 2004
	  	$	28.00
		
	 On or after January 1, 2004
 but prior to January 1, 2005
	  	$	29.00
		
	 On or after January 1, 2005
 but prior to January 1, 2006
	  	$	29.00








				
	 On or after January 1, 2006
 but prior to January 1, 2007
	  	$	30.00
		
	 On or after January 1, 2007
 but prior to January 1, 2008
	  	$	31.00
		
	 On or after January 1, 2008
 but prior to January 1, 2009
	  	$	32.00
		
	 On or after January 1, 2009
 but prior to January 1, 2010
	  	$	33.00
		
	 On or after January 1, 2010
	  	$	33.00

 IN WITNESS WHEREOF, the Company has caused this amendment
to be executed by a duly authorized representative this 24TH
 day of OCTOBER, 2006. 
  

			
	FMC Technologies, Inc.
		
	By:	 	 



	Vice President
	Human Resources