** **

**Exhibit 10.3**

 

 

 

 

# EDS 1998 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

As Amended and Restated Effective as ofJanuary 1, 2008

 

 

----

**TABLEOF CONTENTS**

 

 

 

 

|                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |     | Page |
|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|------|
| **ARTICLE I**           **ESTABLISHMENT AND PURPOSE**                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |   1 |
| 1.1 Establishment  1
1.2 Purpose  1   **ARTICLE II**        ** DEFINITIONS AND CONSTRUCTION**  1
2.1Definitions  1
2.2Qualified Plan and Prior Plan References  8
2.3Gender or Number  8
2.4Severability  8
2.5Applicable Law  8
2.6Contractual Obligations  9
2.7Compliance with Section 409A  9   **ARTICLE III**     **PARTICIPATION**.  9
3.1Participation  9
3.2Ineligible Employees10   **ARTICLE IV**       **TARGETED PENSION LEVEL, SERP BENEFIT AND PAYMENT**11
4.1Form of Benefit11
4.2Targeted Pension11
4.3Targeted Pension Reduced At Early Retirement12
4.4Targeted Pension At Late Retirement12
4.5SERP Benefits at Normal Retirement12
4.6SERP Benefit at Early Retirement13
4.7SERP Benefit at Late Retirement13
4.8Payment14
4.9Death Benefit15
4.10Beneficiaries17
4.11Adjustment to Benefit Payments17
4.12Reduction, Suspension or Elimination of    Benefits18
4.13Additional Years of Credited Service or Age18
4.14Contingent Rights18
4.15Continued Employment and Reemployment of    Participant Receiving or Having Received Benefits19
   **ARTICLE VI**       **ADMINISTRATION**19
5.1Administration19
5.2Finality of Determination19
5.3Expenses19
   **ARTICLE VII**       **MERGER, AMENDMENT, AND TERMINATION**19
6.1Merger, Consolidation or Acquisition19
6.2Amendment and Termination19   **ARTICLE VIII**       **MISCELLANEOUS PROVISIONS**20
7.1Funding20
7.2Tax Withholding20
7.3Other Plans20
7.4Anti-assignment and Nontransferability21   
 

** **

** **

 

i

 

**                                                                          **

**                                                                             **
****EDS 1998 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
 

 

**ARTICLEI**

**ESTABLISHMENT AND PURPOSE**

 

1.1       Establishment andRestatement.  The Company previously established theEDS 1998 Supplemental Executive Retirement Plan (the "EDS 1998 SERP") effectiveJuly, 1998.  The EDS 1998 SERP is intended to provide supplemental executiveretirement plan benefits ("SERP Benefits") in accordance with the provisionshereof for certain Employees of the Employer whose benefits under the EDSRetirement Plan (the "Qualified Plan") are considered to be inadequate.  TheEDS Compensation and Benefits Committee hereby amends and restates this EDS1998 SERP in its entirety effective January 1, 2008, except where specificallyprovided otherwise.

1.2       Purpose.  This non‐qualified EDS 1998 SERPwill be subject to amendment or termination at any time.  The EDS 1998 SERP wasestablished as an unfunded, non‐tax‐qualified mechanism which maybe used to enhance the Employer's ability to retain the services of certainEmployees.  The EDS 1998 SERP was intended to be an unfunded plan for a selectgroup of management or highly compensated employees as defined in Section201(2) of the Employee Retirement Income Security Act of 1974, as amended("ERISA").

The EDS 1998 SERP has been designed toprovide SERP Benefits for Employees who, on or after July 1, 1998, attain EarlyRetirement, Normal Retirement or Late Retirement pursuant to the terms andconditions herein.  The Targeted Pension is a single life pension annuitycalculated upon  a different formula from the Qualified Plan formulas and uponthe assumption that every Employee has never married, and that every Employeehas elected to receive both the SERP Benefit and the Qualified Plan Benefit inthe form of a single life annuity.

**ARTICLEII**

**DEFINITIONS AND CONSTRUCTION**

2.1       Definitions.  Whenever the following terms are usedin this EDS 1998 SERP, they shall have the meanings set forth below unless thecontext otherwise requires, and when the defined meaning is intended herein,the first letter of each word comprising the term will be capitalized.

(a)        Actuarially Equivalentmeans a benefit of equivalent value to the SERP Benefit, the TargetedPension or the Targeted Pension Reduced At Early Retirement, determined on thebasis of the following interest and mortality assumptions:

 (i)        Forpurposes of calculating any form of benefit other than a lump sum, themortality and interest rate assumptions shall be (A) a unisex mortality tablederived from the 1994 Group Annuity Reserving Table assuming a group that is 50percent male with female beneficiaries and 50 percent female with malebeneficiaries; and (B) an interest rate of 7.5% per annum.

 

 

 

1

 

**                                                                          **

 

 

(ii)        For purposes of calculating alump sum, the mortality and interest assumptions shall be (A) the mortalitytable published in Rev. Rul. 95‐6 or such other mortality table as may bepublished from time to time pursuant to Code section 417(e) and the regulationspromulgated thereunder; and (B) the annual interest rate on 30‐yearTreasury securities as of the second calendar month preceding the first day ofthe Plan Year that contains the date as of which benefit payments commence.

(b)       Beneficiary means theperson or fiduciary designated by a Participant, pursuant to Section 4.10(Beneficiaries) hereof, to receive his or her SERP Death Benefit, if any, inthe event of his or her death.  The term "Beneficiary" shall also mean theperson or fiduciary to whom any benefit is otherwise payable on account of thedeath of a Participant.  A person entitled to any benefit, including any deathbenefit, pursuant to the terms of a QDRO shall be treated as a Beneficiary withrespect to such benefit payable pursuant thereto.

(c)        Benefit Commencement Datemeans, subject to Section 4.8(a), the first day of the calendar month followingthe later to occur of (i) the date on which the Participant Separates from Service,(ii) the date on which the Participant attains age 65 (or, if earlier, the dateon which the Participant first attains his or her Earliest Potential RetirementAge), or (iii) December 31, 2007.  

(d)       Cause shall mean (i)dishonesty by an Employee which results in substantial personal enrichment atthe expense of the Company or (ii) demonstratively willful repeated violationsof the Employee's obligations to the Company which are intended to result anddo result in material injury to the Company.  In the event the Companyterminates an Employee for Cause, the Company shall so notify the Employee ofthat fact in writing at the time of the termination, specifying the acts orconduct claimed to constitute such Cause.

(e)        Chairman shall mean theOffice of the Chairman of the Board of Directors of EDS.

(f)        Code means the InternalRevenue Code of 1986, as amended.

(g)       Company meansElectronic Data Systems Corporation, a Delaware corporation, or its successor.

(h)       Controlled Group Membermeans a company which is a member of a controlled group of companies, a groupof trades or businesses under common control or an affiliated service group asdefined, respectively, in Code Sections 414(b), (c) and (m), of which theCompany is also a member, and any other entity required to be aggregated withthe Company pursuant to Code Section 414(o).

(i)        Covered Compensationmeans the average of the Social Security Taxable Wage Bases for the 35 calendaryears ending with the calendar year in which the Employee attains SocialSecurity Retirement Age.  In determining an Employee's Covered Compensation forany Plan Year, it is assumed that the Social Security Taxable Wage Base ineffect at the beginning of the Plan Year will remain the same for all futureyears.

 

 

2

 

**                                                                          **

 

(i)        An Employee's CoveredCompensation for a Plan Year beginning before the 35‐year perioddescribed in this subsection is the Social Security Taxable Wage Base in effectas of the beginning of the Plan Year.  An Employee's Covered Compensation for aPlan Year ending after the 35‐year period described in this subsection isthe Covered Compensation for the Plan Year in which the Employee attains SocialSecurity Retirement Age.

(ii)        An Employee's CoveredCompensation shall be automatically adjusted each Plan Year in accordance withtables published by the Internal Revenue Service pursuant to Treas. Reg.§ 1.401(l)‐1(c)(7).

(iii)       For purposes of determiningthe Targeted Pension and the Targeted Pension Reduced At Early Retirement, asdetermined in accordance with Article IV of this EDS 1998 SERP, CoveredCompensation is frozen at the date of the Employee's actual retirement.

(j)         Earliest PotentialRetirement Age means, for any Employee, such Employee's age when he or shehas (i) attained age fifty‐five (55), (ii) completed five years ofCredited Service for Vesting (as defined in the Qualified Plan), and (iii) ageand years of Credited Service for Vesting that total a sum equal to or greaterthan seventy (70). 

(k)        Early Retirement shallmean retirement by an Employee who satisfies the eligibility requirements ofArticle III and retires on his or her Early Retirement Date. 

(l)         Early Retirement Dateshall be a date which is the first day of a month, on or after the Employee hasattained his or her Earliest Potential Retirement Age, but before the Employeehas reached his or her Normal Retirement Age.

Before a date may be treated as an EarlyRetirement Date, the Participant must give the Plan Administrator six monthsnotice of his or her intent to take Early Retirement.   If an Employee who hasnotified the Plan Administrator of his or her intention to take EarlyRetirement decides to rescind his or her election to retire early prior to anycommencement of SERP Benefits, he or she must again provide the Plan Administrator with six months notice of his or her intent to take Early Retirement. Notwithstanding anything to the contrary herein, the Plan Administrator maywaive the six month notice requirement.  

(m)       Earnings means Earnings, as defined in theQualified Plan or the Prior Plan, as applicable, at the time of determination,without regard to any limitations thereto imposed by the Code, provided thatfor purposes of this EDS 1998 SERP, such Earnings shall be determined on acalendar month basis using the Company's payroll records for each calendarmonth during a Plan Year.  

 

 

 

 

3

 

**                                                                          **

 

(n)        EDS Compensation andBenefits Committee means the Compensation and Benefits Committee of the EDSBoard of Directors.

(o)        Effective Date shall beJuly 1, 1998.

(p)        Employee means any member of a selectgroup of management or highly compensated employees of the Employer who areemployed in the United States.

(q)        Employer means theCompany and such other employers that have adopted the Qualified Plan or asotherwise authorized by the EDS Compensation and Benefits Committee, as listedon Schedule B.

                        (r)        Final Average FICA Compensation means the average of an Employee'sannual earnings up to the Social Security Taxable Wage Base from the Employer, anyControlled Group Member that is not a participating Employer in the QualifiedPlan and any Non-US Subsidiary Company for the three consecutive completecalendar year period coincident with or immediately preceding the year theEmployee retires hereunder.

If an Employee's entire period ofemployment with the Employer is less than three consecutive calendar years, theEmployee's Final Average FICA Compensation shall be determined by dividing thetotal earnings, as reported for purposes of FICA, received by the Employee fromthe Employer by the Employee's entire period of employment (includingfractional years), provided, however, that the year in which the Employeeterminates employment shall be included in the calculation only if such year isthe only year during which the Employee is employed.

In determining an Employee's FinalAverage FICA Compensation within this subsection, annual earnings in any yearin excess of the Social Security Taxable Wage Base in effect at the beginningof such year shall not be taken into account.

(s)        Final Average Earnings means the averageof the Employee's Earnings during the highest consecutive sixty (60) calendarmonths out of the consecutive one hundred twenty (120) calendar months throughthe calendar month in which the Employee retires under the EDS 1998 SERP; or ifthe Employee's period of Service is less than sixty (60) calendar months, thenFinal Average Earnings means the average of the Employee's Earnings over his orher entire period of employment. 

(t)        Integration Level meansthe lesser of an Employee's Final Average FICA Compensation or CoveredCompensation determined as of the date the Employee retires hereunder but in nocase greater than the Social Security Taxable Wage Base in effect on the firstday of the Plan Year within which the Employee retires hereunder.

(t)         Late Retirement meansretirement by an Employee who satisfies the eligibility requirements of ArticleIII and retires on his or her Late Retirement Date.

 (v)       Late Retirement Dateshall be a specified date occurring on the first day of a month after theEmployee's Normal Retirement Date. 

 

 

4

 

**                                                                          **

 

(w)        Normal Retirement shallmean retirement by an Employee who satisfies the SERP Benefit eligibilityrequirements of Article III and retires on the Employees' Normal RetirementDate.

(x)         Normal Retirement Agemeans age sixty‐five (65).

(y)         Normal Retirement Dateshall be a date which is the first day of the month that falls on orimmediately after the date on which the Employee shall have attained his or herNormal Retirement Age.

(z)         Offset Reduction Percentageis defined in Section 4.3 (Targeted Pension Reduced At Early Retirement).

(aa)       Participant means anEmployee who has retired under the EDS 1998 SERP and is eligible to participatepursuant to Section 3.1 (Participation) hereof and is not ineligible toparticipate pursuant to Section 3.2 (Ineligible Employees).

(bb)       Plan Administrator isdefined in Section 5.1 (Administration).

(cc)       Plan Year means the six‐monthperiod commencing July 1, 1998; provided, however, that effective January 1,1999, Plan Year shall mean the calendar year.

(dd) **    **Prior Plan meansthe EDS Retirement Plan, as adopted by the Company and as in effect prior toJuly 1, 1998.

(ee)       Qualified Death Benefitmeans the Death Benefit, as defined in the Qualified Plan, provided under theQualified Plan.

(ff)        QDRO means a "domesticrelations order" as defined in Code Section 414(p)(1)(B).

(gg)       Qualified Plan means theEDS Retirement Plan, as adopted by the Company and as in effect after June 30,1998.

(hh)      Qualified Plan Benefitshall mean the hypothetical single life annuity benefit that would be payableto the Participant monthly from the Qualified Plan, assuming the Participantwas never married and has no court order affecting his or her benefit, asfurther discussed below.

For purposes of the EDS 1998 SERP, any reductions in the benefits payable fromthe Qualified Plan because the Participant may have actually elected to receivehis or her benefit in a different form, because the benefit may be reduced onaccount of amounts which may be payable or are being paid to an alternate payeepursuant to a QDRO, because the Participant may have made one or more choiceelections pursuant to Section 5.8 of the Qualified Plan, or because theParticipant is also eligible to receive  benefits from a pension planoffered by a Non‐US Employer (as defined in the Qualified Plan) shall be ignoredwhen computing the SERP Benefit, and shall not affect the  

 

 

5

 

**                                                                          **

 

amount of a Participant's Qualified Plan Benefit.  Under no circumstances shall the payment of any benefit to analternate payee pursuant to a QDRO work to increase or decrease any SERPBenefit to an amount other than that which would be payable hereunder if therewere not a benefit payable to such alternate payee.  Subject to the foregoing,the Qualified Plan Benefit is to be calculated pursuant to the pension benefitcomputation formulas of the Qualified Plan, as such formulas are in effecteither (a) at the time of the Participant's retirement under the EDS 1998 SERP,or (b) at the Participant's death, in the event of the Participant's deathbefore his or her retirement under the EDS 1998 SERP, provided such Participanthad attained his or her Earliest Potential Retirement Age on or before his orher death, and as they may be in effect from time to time thereafter to theextent they would be determinative of the Qualified Plan Benefit that could bepayable from time to time to the Participant or his or her spouse.

(ii)         Restoration Death Benefitmeans the Death Benefit, as defined in the Restoration Plan, provided under theRestoration Plan.

(jj)         Restoration Plan meansthe EDS Benefit Restoration Plan.

(kk)       Retirement Date meansthe Participant's Early Retirement Date, Normal Retirement Date or the LateRetirement Date as the case may be.

(ll)         Section 409A meansSection 409A of the Code and any regulations or other guidance promulgatedthereunder.

(mm)    Separation from Service, Separatesfrom Service and Separated from Service  are intended to have thesame meaning as the terms are defined and determined under Treasury RegulationSection 1.409A-1(h)(1) provided that a Participant who transfers his or heremployment to a Controlled Group Member shall not have a Separation fromService.  This EDS 1998 SERP shall use the fifty percent (50%) or greaterownership threshold provided under Treasury Regulation Section 1.409A-1(h)(3)in determining whether a Participant "Separates from Service" under thisSection 2.1(mm) and the term "Controlled Group Member" shall only include forsuch purposes a member of a controlled group of corporations under Code Section414(b) or of a group of trades or businesses under common control under CodeSection 414(c) of which the Company is also a member.  A Separation fromService is effective on the date on which the Participant and the Company orParticipating Employer, as the case may be, first reasonably anticipate thateither no further services or the 80% or greater reduction in the level ofservices provided by Treasury Regulation Section 1.409A-1(h)(1)(ii) will beperformed by the Participant for the Company or Participating Employer.

(nn)      SERP Death Benefit isdefined in Section 4.9 (Death Benefit).

(oo)      Social Security RetirementAge means age 65 for Participants born before 1938, age 66 for Participantsborn after 1937 and prior to 1955 and age 67 for Participants born after 1954.

 

 

 

6

 

**                                                                          **

 

(pp)      Social Security Taxable WageBase means the contribution and benefit base in effect under Section 230 ofthe Social Security Act as of the first day in each Plan Year.

(qq)     SpecifiedEmployee shall, for the period described in the last sentence ofthis paragraph, mean a Participant who at any time during the 12-month periodending on the immediately preceding December 31 (the "Determination Period")met the definition of "key employee" as defined and determined under InternalRevenue Code Section 416(i) and the regulations thereunder because theParticipant was: (i) an officer of the Company or a Controlled Group Memberwith Key Employee Compensation of at least $130,000 (as adjusted pursuant toCode Section 416(i)(1)(A)); (ii) a 5% owner of the Company; or (iii) a 1% ownerof the Company with Key Employee Compensation of at least $150,000.  Forpurposes of (i) above, only an employee of the Company or a Controlled Group Memberwho, based solely on the nature of his or her respective duties, was an officerof the Company or a Controlled Group Member during the Determination Period andwhose Key Employee Compensation during the Determination Period, when rankedwith all other such officers of the Company and Controlled Group Members, wasone of the fifty highest compensated officers during the Determination Period,shall be considered an officer of the Company or a Controlled Group Member, asthe case may be, during such Determination Period.  If a Participant was a keyemployee during a Determination Period pursuant to the foregoing provisions,the Participant shall be considered a "Specified Employee" for the 12‐monthperiod commencing on the April 1 immediately following such DeterminationPeriod provided that (A) each Participant who was a key employee during theDetermination Period ended December 31, 2004 shall be considered a "SpecifiedEmployee" for the period January 1, 2005 through March 31, 2006 and (B) for theperiod January 1, 2005 through March 31, 2006 only, the "key employees" for theDetermination Period ended December 31, 2004 shall include both (I) the fiftyhighest compensated officers of just the Company and (II) the fifty highestcompensated officers of the Company and its Controlled Group Members on anaggregate basis.  

For purposes of this Section 2.1(qq), thedetermination of which Participants are "key employees" pursuant to thepreceding paragraph shall, in accordance with Treasury Regulation Section 1.415(c)-2(g)(5)(ii),be made by excluding all compensation of employees of the Company and itsControlled Group Members who were "nonresident aliens" (as such term is definedin Treasury Regulation Section 1.409A-1(j)) during the applicable DeterminationPeriod provided that such exclusion is made in all of the Company's and itsControl Group Members' other nonqualified deferred compensation plans andarrangements that are subject to Section 409A.  In addition, for purposes ofthis Section 2.1(qq), the term "Key Employee Compensation" means, in accordancewith Treasury Regulation Section 1.415(c)-2(d)(4), compensation received fromthe Company and any Controlled Group Members that is required to be reportedunder Code Sections 6041, 6051 and  6052 (i.e. Box 1 compensation) but, exceptas provided in the immediately preceding sentence, determined without regard toany rules that limit remuneration included in wages based on the nature orlocation of the employment or the services performed, increased by amountsexcluded from compensation in lieu of benefits under a cash or deferredarrangement under Code Section 401(k), a cafeteria plan under Code Section 125or a salary reduction agreement under Code Section 132(f)(4).  The term"Controlled Group Member" for purposes of this Section 2.1(51) shall onlyinclude a member of a controlled group of corporations under Code Section414(b) or of a group of trades or businesses under common control under CodeSection 414(c) of which the Company is also a member.

 

 

7

 

**                                                                          **

 

(rr)       Targeted Pension,sometimes hereinafter called Targeted Pension At Normal Retirement, is a singlelife pension annuity, calculated in accordance with Section 4.2 (TargetedPension), that could be payable monthly from the Qualified Plan, theRestoration Plan and the EDS 1998 SERP, to an Employee who retires on his orher Normal Retirement Date under the assumptions that the Employee was nevermarried, has no outstanding QDROs affecting his or her Qualified Plan Benefit,had never made a choice election pursuant to Section 5.8 of the Qualified Planand elects to receive his or her Qualified Plan Benefit as a single lifeannuity.

(ss)      Targeted Pension Reduced AtEarly Retirement is a Participant's Targeted Pension, reduced in accordancewith Section 4.3 (Targeted Pension Reduced At Early Retirement).  

(tt)       Targeted Pension At LateRetirement is a Participant's Targeted Pension, adjusted as provided inSection 4.4 (Targeted Pension At Late Retirement).

(uu)    Years of Credited Serviceshall mean the sum of (i) number of years of Credited Benefit Service, asdefined under the Prior Plan, with respect to any Service, as defined under thePrior Plan,  prior to July 1, 1998, plus (ii)  any periods of Service, asdefined in the Qualified Plan, on or after July 1, 1998, but excluding thefollowing periods of Service:  (A) any period of Service prior to theParticipant's attainment of age 18; (B) any period of Service that would bedisregarded pursuant to the provisions of Section 3.4 (Break‐in‐Service)of the Qualified Plan; (C) any period of Service for a Non‐USSubsidiary Company, as defined in the Qualified Plan (a "Non-US SubsidiaryCompany"), during which the Participant accrued benefits under another employer‐approvedplan; (D) any period of Service with a Controlled Group Member, as defined inthe Qualified Plan, that is not an Employer, except to the extent otherwiseprovided in a schedule to this Plan; (E) any period of Service for an Employerprior to the effective date of the Employer's adoption of the Plan; and(F) any period of Disability Leave of Absence, as defined in the QualifiedPlan.

2.2**      **Qualified Plan andPrior Plan References.  Anyreferences herein to the Qualified Plan or the Prior Plan shall refer to theprovisions of the EDS Retirement Plan as in effect on any date ofdetermination, as applicable.

2.3       Gender or Number.  Except when otherwise indicated by thecontext, any reference to the masculine gender shall also include the femininegender, or vice versa, and the definition of any term in the singular shallalso include the plural, or vice versa.

2.4       Severability.  In the event that any provision of theEDS 1998 SERP shall be held invalid or illegal for any reason, any illegalityor invalidity shall not affect the remaining parts of the EDS 1998 SERP, butthe EDS 1998 SERP shall be construed and enforced as if the illegal or invalidprovision had never been inserted.  The EDS Compensation and Benefits Committeeshall have the right and opportunity to correct and remedy such questions ofillegality or invalidity by amendment as provided herein.

2.5       Applicable Law.  To the extent not controlled by thelaws of the United States of America, this EDS 1998 SERP shall be governed andconstrued in accordance with the laws of the State of Texas.

 

 

8

 

**                                                                          **

 

2.6       Contractual Obligations.  The EDS 1998 SERP is not an employmentcontract.  It does not give to any person any rights to continued employmentwith the Employer.  The EDS 1998 SERP does not give any person any rights togain or to maintain eligibility to participate in the EDS 1998 SERP at his orher Retirement Date or any other date.  All Employees remain subject at alltimes to change of responsibility level, including, but not limited to, changeof job, change of salary, transfer, discipline, layoff, discharge and any otherchange of employment status without regard for the impact that any change inemployment status might have upon an Employee's eligibility to be a Participantin the EDS 1998 SERP.

2.7       Compliance with Section 409A.  To theextent applicable, it is intended that this Plan comply with the provisions ofSection 409A.  This Plan shall be administered in a manner consistent with thisintent, and any provision that would cause the Plan to fail to satisfy Section409A shall have no force and effect until amended to comply with Section 409A(which amendment may be retroactive to the extent permitted by Section 409A andmay be made by the Company without the consent of the affected Participants). 

                                                                             

**ARTICLE III**

**PARTICIPATION**

3.1       Participation.  After the Effective Date, therequirements of this Section 3.1 must be simultaneously satisfied by anyEmployee in the month prior to his or her Retirement Date.  The Employee must:

(a)        be designated as a Participant by theCompensation and Benefits Committee, which designation is reflected on theattached Schedule "A," as amended from time to time;

(b)        bein the active employment of the Company, a Controlled Group Member or a Non-USSubsidiary Company immediately prior to his or her Retirement Date or have beeninvoluntarily terminated other than for Cause at any time after February 3,2004 and prior to his or her Retirement Date;

(c)        be a participant in the Qualified Plan who is eligible foran Early, Normal, Late Retirement or Deferred Terminated Vested Benefit underthe Qualified Plan; and

(d)       have executed any non‐competeor nondisclosure agreement, or such other agreements or documents, that thePlan Administrator may require as a condition for eligibility to receive a SERPBenefit.

(e)        Notwithstanding anythingherein to the contrary, with respect to any Employee to whom additional Yearsof Credited Service or age are granted or whose SERP Benefit is otherwiseadjusted pursuant to Section 4.12 (Additional Years of Credited Service orAge), the Chairman may waive any of the conditions listed in this Section 3.1;provided, however, that, subject to Section 4.14 (Continued Employment andReemployment of Participant Receiving or Having Received Benefits), no SERPBenefit shall be payable to any Employee unless the Employee Separates fromService.

 

 

9

 

**                                                                          **

 

3.2       IneligibleEmployees.  

(a)        No person who has retired fromthe Employer prior to the Effective Date shall be eligible to be a Participantin the EDS 1998 SERP and receive a SERP Benefit.

(b)       No Participant shall vest ina  SERP Benefit until his or her Retirement Date.  A SERP Benefit shall beavailable to any Employee as a deferred vested benefit only in the event  thata Participant who meets the conditions of Section 3.1 (Participation) is notyet eligible to commence receipt of benefits under Section 4.8 (Payment)because he or she has not yet reached his or her Benefit Commencement Date.  NoEmployee or former Employee may grow into eligibility for a SERP Benefit whilea retiree under the Qualified Plan nor while on leave of absence, long‐termdisability, layoff or any other type of inactive status, except to the extentotherwise provided on Schedule A.

(c)        Notwithstanding an Employee'ssatisfaction of the requirements for participation herein, such Employee or hisor her eligible spouse may nevertheless be deemed to be ineligible toparticipate or to continue to participate in the EDS 1998 SERP and be deniedbenefits hereunder if, upon consideration of the facts and circumstances andany advice or recommendation of the Employer, the EDS Compensation and BenefitsCommittee finds that such Employee's employment has been terminated for Causeor, following such Employee's termination of employment, such Employee has:

(i)         violated any material writtenEmployer policies, or

(ii)        directly or indirectlycompeted against the Employer (where indirect competition could include, butnot be limited to, the Employee's having worked for or with others who competeagainst the Employer or do work that the Employer may otherwise have had theopportunity to compete for), or

(iii)       committed a felony or othermajor offense, or

(iv)       taken an action, or has failedto act in such a way, that is considered inimical or detrimental to the bestinterests of the Employer.

 

 

10

 

**                                                                          **

 

 

**ARTICLEIV**

**TARGETED PENSION LEVEL,**

**SERP BENEFIT AND PAYMENT**

4.1       Form of Benefit. 

 (a)       The EDS 1998 SERP has beencreated to provide certain Employees with a specified level of single lifepension annuity benefits.  The Targeted Pension is to be calculated inaccordance with Section 4.2 (Targeted Pension) hereof, on the assumption thatthe Employee retires on his or her Normal Retirement Date with a single lifeannuity.

(b)        The Targeted Pension ReducedAt Early Retirement, calculated in accordance with Section 4.3 (TargetedPension Reduced At Early Retirement) is also a single life pension annuitybenefit but it is a reduced form of the Targeted Pension since it is payablebefore Normal Retirement Age.  An Employee retiring on his or her LateRetirement Date shall receive a single life pension annuity benefit equal to aTargeted Pension At Late Retirement, calculated in accordance with Section 4.4(Targeted Pension At Late Retirement) hereof.

(c)        Notwithstanding anythingherein to the contrary, the amount of any SERP Benefit payable hereunder shallbe limited, if and as necessary, so that the sum of (A) all supplementalretirement plan benefits (including, but not limited to any SERP Benefithereunder) and (B) all benefits from a qualified defined benefit plan,together with any non‐qualified benefits that are based upon a qualifiedplan's defined benefit formulas,  and all benefits from a pension plan offeredby a Non‐US Subsidiary Company that are payable to the Participant (inrespect of service to all Controlled Group Members and all Non-US SubsidiaryCompanies) shall not exceed the Participant's Targeted Pension, under theassumption that all of the Participant's pensionable service to all ControlledGroup Members and all Non-US Subsidiary Companies had been rendered, instead,to the Company alone.

4.2       Targeted Pension.  The Targeted Pension, which shall bepayable to an Employee who commences receipt of his or her Qualified PlanBenefit as a Normal Retirement Benefit under the Qualified Plan, shall be equalto:

(a) multiplied by (b) where (a) and (b) areas follows:

(a)        is a fraction thenumerator of which is equal to the Participant's Years of Credited Service (notto exceed 30), and the denominator of which is 30; and

(b)        is equal to (1)minus (2), where (1) and (2) are as follows:

(1)        is 55 percent ofthe Participant's Final Average Earnings; and

(2)        is 19.5 percentof the Participant's Final Average Earnings not in excess of theParticipant's Integration Level.

 

11

 

**                                                                          **

 

4.3       Targeted Pension Reduced AtEarly Retirement.  When an Employee retires early withSERP Benefit eligibility and commences receipt of his or her Qualified PlanBenefit as an Early Retirement Benefit under the Qualified Plan, the first stepin the computational process that must be followed to determine the single lifeannuity benefit herein called the Targeted Pension Reduced At Early Retirementis to calculate the Targeted Pension that would be payable at the Employee'sNormal Retirement Age in accordance with Section 4.2 (Targeted Pension) hereof,with the Employee's service and compensation history with the Employer to theEarly Retirement Date being treated as if it were a service and compensationhistory to Normal Retirement Date, and by reducing the amount determined underSection 4.2(b)(1) above by 4% for each year, and a prorata fraction thereof forany portion of a year, that the Employee's Early Retirement Date is earlierthan the Employee's attainment of age 62.  In addition, the percentagespecified in Section 4.2(b)(2) above shall be multiplied by the OffsetReduction Percentage in accordance with the following table for each year, anda prorata fraction thereof for any portion of a year (determined based onnumber of completed months), that the Employee's Early Retirement Date isearlier than the Employee's attainment of age 62; provided, however, thatbefore the above described reductions are applied to determine the TargetedPension Reduced At Early Retirement, the Targeted Pension will have beencomputed and capped, if necessary, as provided in Section 4.2, based uponthe service, salary and bonus history that the Employee has as of his or herEarly Retirement Date.

Age of Retirement

61

60

59

58

57

56

55

Offset Reduction  Percentage

.93333

.86667

.80000

.73333

.66667

.63333

.60000

4.4       Targeted Pension At LateRetirement.  When an Employee retires late withSERP Benefit eligibility and commences receipt of his or her Qualified PlanBenefit as a Late Retirement Benefit under the Qualified Plan, thecomputational methodology of Section 4.2 (Targeted Pension) hereof shallbe used to calculate the single life annuity benefit called the TargetedPension At Late Retirement recognizing that the Employee is retiring under theEDS 1998 SERP on his or her Late Retirement Date with his or her TargetedPension based upon his or her service and compensation history with theEmployer to the Late Retirement Date instead of to the Normal Retirement Date. Accordingly, the Targeted Pension At Late Retirement is computed pursuant toSection 4.2 with the sole substitution being the use of Late Retirement foreach reference to Normal Retirement.

4.5       SERP Benefits at Normal Retirement. The SERP Benefit payable, if any, to aParticipant who commences receipt of his or her Qualified Plan Benefit as aNormal Retirement Benefit under the Qualified Plan shall be a SERP Benefit atNormal Retirement.  Such SERP Benefit  at Normal Retirement is a single lifepension annuity that would be payable on the first of each month, beginning onthe Employee's Benefit Commencement Date, and continuing monthly thereafter forthe remainder of the Employee's lifetime.  The SERP Benefit at NormalRetirement shall be payable in a monthly amount equal to one‐twelfth ofthe single life pension annuity benefit, calculated as follows (but not lessthan zero):

 

 

12

 

**                                                                          **

 

Targeted Pension At Normal Retirement

(LESS)            (a)        thesingle life option of the Qualified Plan Benefit payable as ofthe Employee's Benefit Commencement Date, and

                        (b)        thesingle life option of the Restoration Plan benefitpayable commencing at Normal Retirement.

4.6       SERP Benefit at EarlyRetirement.  The SERP Benefit payable, if any, to aParticipant who commences receipt of his or her Qualified Plan Benefit as aNormal Retirement Benefit under the Qualified Plan shall be a SERP Benefit atEarly Retirement.  Such SERP Benefit at Early Retirement is a single lifepension annuity that would be payable on the first of each month, beginning onthe Employee's Benefit Commencement Date, and continuing monthly thereafter forthe remainder of the Employee's lifetime.  The SERP Benefit at Early Retirementshall be payable in a monthly amount equal to one‐twelfth of the singlelife pension annuity benefit, calculated as follows (but not less than zero):

Targeted Pension Reduced AtEarly Retirement

(LESS)            (a)        thesingle life option of the Qualified Plan Benefit payable as of theEmployee's Benefit Commencement Date, and  

                       (b)        the single life option of the Restoration Plan benefitpayable commencing at Early Retirement.

4.7       SERP Benefit at LateRetirement.  The SERP Benefit payable, if any, to aParticipant who commences receipt of his or her Qualified Plan Benefit as aLate Retirement Benefit under the Qualified Plan shall be a SERP Benefit atLate Retirement.  Such SERP Benefit  at Late Retirement is a single lifepension annuity that would be payable on the first of each month, beginning onthe Employee's Benefit Commencement Date, and continuing monthly thereafter forthe remainder of the Employee's lifetime.  The SERP Benefit at Late Retirementshall be payable in a monthly amount equal to one‐twelfth of the singlelife pension annuity benefit, calculated as follows (but not less than zero):

Targeted Pension at LateRetirement

(LESS)           (a)        the single life option of the Qualified Plan Benefit payable as ofthe Employee's Benefit Commencement Date, and 

                        (b)        thesingle life option of the Restoration Plan benefit payable commencing at Late Retirement.

 

13

 

**                                                                          **

 

4.8       Payment. 

(a)        Payment of a SERP Benefitwill, subject to Section 4.8(e), commence on the Participant's BenefitCommencement Date.   Notwithstanding the preceding sentence, if a Participantis a Specified Employee on the date of the Participant's Separation fromService, payment of the Participant's SERP Benefit shall not commence underthis Section 4.8(a) until the later of (i) the Participant's BenefitCommencement Date or (ii) subject to Section 4.8(e), the first day of theseventh (7th) calendar month following the calendar month in whichthe Participant Separates from Service (provided that if the Participant diesprior to such first day of the seventh calendar month and a survivor SERPBenefit is payable to the Participant's spouse, such survivor SERP DeathBenefit shall, subject to Section 4.8(e), commence on the first day of thecalendar month after the Plan Administrator receives notice of theParticipant's death).  In the event the payment date in (ii) applies, (A) theSERP Benefit payments that the Participant would otherwise have received hadpayments started on the Benefit Commencement Date shall be accumulated and,subject to Section 4.8(e), paid to the Participant in a single lump sumpayment on the date set forth in (ii) (unless the Participant dies priorto such first day of the seventh calendar month, in which case the lump sumshall, subject to Section 4.8(e), be paid to the Participant's Beneficiary on thefirst day of the calendar month after the Plan Administrator receives notice ofthe Participant's death) and (B) such lump sum payment shall be increasedfor earnings at the prorated annual rate of 7.5% for the period beginning onthe Participant's Benefit Commencement Date and continuing through the date onwhich the lump sum payment is made to the Participant or the Participant'sBeneficiary.

(b)        Participants shall be giventhe right to elect under this EDS 1998 SERP to receive anyActuarially Equivalent form of life annuity that may be elected under theQualified Plan other than the Level Income Benefit.  Payments under the electedform shall be Actuarially Equivalent to a single life annuity form.  All suchelections shall be made separately under this EDS 1998 SERP inaccordance with procedures adopted and on a form provided by the Plan Administrator.  A Participant who has Separated from Service but has not yet commencedpayment of his or her SERP Benefit may change his or her prior payment electiononly in accordance with procedures adopted and on a form provided by the Plan Administrator.  In the event that a Participant is also eligible to receive a RestorationBenefit, then his or her election under this EDS 1998 SERP will also controlthe distribution of his or her Restoration Benefit.  If a Participant fails toelect the form of annuity available under this Section 4.8(b) prior to theParticipant's Benefit Commencement Date, the Participant's SERP Benefit shallbe paid in the form of the Single Life Annuity (without Cost of LivingAdjustment) provided under the Qualified Plan if the Participant is not marriedon his or her Benefit Commencement Date and the Qualified Joint and SurvivorAnnuity (without Cost of Living Adjustment) provided under the Qualified Planif the Participant is married on his or her Benefit Commencement Date.

(c)        Notwithstanding anythingherein to the contrary, if the value of the Participant's SERP Benefit underthis EDS 1998 SERP, as determined in accordance with procedures established bythe Plan Administrator, plus the balance of the Participant's RestorationAccount, if any, under the Restoration Plan, as determined in accordance withprocedures established by the Plan Administrator, does not exceed $15,000, thensuch SERP Benefit shall, subject to Section 4.8(e), be distributed in a singlelump sum on the first day of the calendar month following the calendar month inwhich the Participant Separates from Service provided, however, that if theParticipant is a Specified Employee on the date of the Participant's Separationfrom Service, (A) the lump sum shall, subject to Section 4.8(e), be paid on thefirst day of the seventh (7th) calendar month following the calendarmonth in which the Participant Separates from Service (unless the Participantdies prior to such first day of the seventh calendar 

 

14

 

**                                                                          **

month, in which case the lump sum shall, subject to Section 4.8(e), be paid tothe Participant's Beneficiary on the first day of the calendar month after thePlan Administrator receives notice of the Participant's death) and (B) such lumpsum payment shall be increased for earnings at the prorated annual rate of 7.5% for the period beginning on the first day of the calendar month followingthe calendar month in which the Participant Separates from Service andcontinuing through the date on which the lump sum payment is made to theParticipant or the Participant's Beneficiary.   The provisions of thisSection 4.8(c) shall not apply to the Participant's SERP Benefit unless theParticipant's interest in all other plans, agreements, methods, programs orarrangements that must be aggregated under Treasury RegulationSection 1.409A‐1(c)(2) with the Participant's SERP Benefit under this EDS 1998SERP are terminated and liquidated in their entirety at the same time as thelump sum payment under this Section 4.8(c).  

(d)       Notwithstanding anything hereinto the contrary, in reliance on the linked election transition rule set forthin IRS Notice 2005-1, Q&A-23, which rule was extended until December 31,2007 by the IRS Notice 2006-79 (the "Linked Election Transition Rule"), a Participantwho is eligible to commence his or her SERP Benefit during the period January1, 2005 through December 31, 2007 will commence such SERP Benefit at the sametime the Participant commences payment of his or her Qualified Plan Benefit (providedthat the Participant commences his or her Qualified Plan Benefit prior toJanuary 1, 2008).

(e)        The payment or commencement ofpayments under this EDS 1998 SERP shall be made or shall begin on the datespecified in this EDS 1998 SERP or as soon as administratively practicablethereafter.  However, if for administrative or any other reasons there is adelay in the payment or commencement of payments beyond the date specified inthe Plan, the payment or commencement of payments shall not be delayed beyondthe last day permitted under Treasury Regulation Section 1.409A-3(d) fortreating a delayed payment as having been made on the applicable specified paymentdate.

(f)        Notwithstanding anythingherein to the contrary, in the event that all or any portion of a Participant'svested SERP Benefit is includible in the Participant's income as a result of afailure to comply with the requirements of Section 409A, the Plan shallautomatically pay to the Participant during the Plan Year in which such failureis identified a lump sum payment equal to the present value of the vested SERPBenefit that is required to be included in the Participant's income as a resultof such failure.

4.9       Death Benefit. 

(a)        If a Participant dies at atime when (i) his or her beneficiary under the Qualified Plan is entitledto payment of a Qualified Death Benefit, (ii) he or she has satisfied theeligibility requirements set forth in Section 3.1 (Participation) and (iii) heor she would otherwise be eligible to receive a Targeted Pension Reduced atEarly Retirement, a Targeted Pension At Normal Retirement, or a TargetedPension At Late Retirement, then such Participant's Beneficiary shall beentitled to a SERP Death Benefit under this Plan.

 

 

15

 

**                                                                          **

(b)        The SERP Death Benefit payableon account of a Participant shall equal (i) the  Actuarially Equivalentpresent value of the Targeted Pension that would be payable under this Plan,calculated as if the Participant had commenced payment of his or her QualifiedBenefit immediately prior to his or her death, including adjustment for Earlyor Late Retirement, if applicable, offset by (ii) the sum of the ActuariallyEquivalent present values of the Qualified Death Benefit and the RestorationDeath Benefit payable on account of such Participant. 

 (c)       The SERP Death Benefit shall,subject to Section 4.8(e), be payable in a single lump‐sum payment on (i)the first day of the calendar month after the Plan Administrator receivesnotice of the Participant's death or (ii) in accordance with Section 4.9(f), onthe date as of which the Participant's Qualified Death Benefit is paid; provided, however, that the Participant's spouse may instead receive the DeathBenefit in the form of an immediate annuity payable for the life of theParticipant's spouse and, subject to Section 4.8(e), commencing on (I) the dateset forth in (i) above or (II) in accordance with Section 4.9(f), the date asof which payment of the Participant's Qualified Death Benefit commences, if theParticipant makes an election to have his or her SERP Death Benefit payable tohis or her spouse as an annuity (provided that such election must be made priorto the deadline set forth in Section 4.9(g) below).  Such election shall bemade in accordance with procedures adopted by the Plan Administrator.  In theevent a Participant elects to have his or her SERP Death Benefit payable to hisor her surviving spouse as an annuity, such spouse may instead elect to receivesuch SERP Death Benefit in the form of a lump sum, provided, however, that suchlump sum shall equal the Actuarially Equivalent present value of the SERP DeathBenefit reduced by six percent (6%) (and provided further that such election bythe spouse must be made prior to the deadline set forth in Section 4.9(g)below).

(d)       Notwithstanding any provisionherein to the contrary, if the value of the SERP Death Benefit, as determinedin accordance with procedures established by the Plan Administrator, plus thevalue of the Participant's Restoration Death Benefit, as determined inaccordance with procedures established by the Plan Administrator, does notexceed $15,000, then such SERP Death Benefit shall, subject to Section 4.8(e),be paid to the Beneficiary in a single lump sum on the date set forth inSection 4.9(c)(i).  The provisions of this Section4.9(d) shall not apply to the SERP Death Benefit unless the Participant'sinterest in all other plans, agreements, methods, programs or arrangements thatmust be aggregated under Treasury Regulation Section 1.409A-1(c)(2) with theSERP Death Benefit under this EDS 1998 SERP are terminated and liquidated intheir entirety at the same time as the lump sum payment under this Section4.9(d)

(e)        No payment shall be made to aBeneficiary in accordance with this Section if, as of the date of theParticipant's death, such Participant would be deemed ineligible to participatein the Plan pursuant to Section 3.2 (Ineligible Employees).

(f)        Thepayment date or commencement date of the SERP Death Benefit under Sections4.9(c)(ii) or 4.9(c)(II) shall be the date on which the Qualified Death Benefitis paid or commences, as applicable, provided that this Section 4.9(f) shall,in accordance with the Linked Election Transition Rule, not apply where thepayment or commencement of the Qualified Death Benefit is after December 31,2007.  In the event this Section 4.9(f) does not apply, then the SERP DeathBenefit shall, subject to Section 4.8(e), be paid or commence on the date setforth in Sections 4.9(c)(i) or 4.9(c)(I), as applicable.

 

16

 

**                                                                        **

(g)        In reliance on thedistribution election transition rule set forth in IRS Notice 2005-1,Q&A-19(c), which rule was extended until December 31, 2007 by IRS Notice2006-79 (the "Distribution Election Transition Rule"), Participants (and, whereapplicable, their surviving spouses) may make the elections provided in Section4.9(c) at any time prior to December 31, 2007.  However, in the case of anEmployee who first becomes employed by an Employer after December 31, 2007,such Employee may make the election provided by Section 4.9(c) at any timeprior to the thirtieth (30th) day after the date on which the Employeebecomes employed

4.10     Beneficiaries.  Each Participant may, on a formprovided for that purpose, signed and filed with the Plan Administrator at anytime prior to distribution of such Participant's SERP Benefit, designate aBeneficiary or Beneficiaries to receive the SERP Death Benefit or any benefitwhich may be payable in the event of such Participant's death.  Each suchdesignation may be revoked by such Participant by signing and filing with thePlan Administrator a new designation of Beneficiary form prior to completedistribution of such pension benefit.

In the event that a Participant has notdesignated a Beneficiary, his Beneficiary shall be his spouse.  If theParticipant does not have a surviving spouse, then his Beneficiary shall be hisestate or, if the Participant does not have an estate, then the Participant's SERPDeath Benefit or any benefit that is payable on the Participant's death shallbe paid in accordance with the intestate succession laws of the state where theParticipant maintained his or her principal residence at the time of death.  Anindividual shall be considered to be a Participant's surviving spouse only ifhe or she had been married to the Participant for at least twelve (12) monthsprior to the Participant's date of death.

If a Participant has designated the Participant'sspouse as a Beneficiary and as of the time of the occurrence of a distributableevent, the Participant is no longer married to such designated Beneficiary andhas not properly designated another Beneficiary in lieu of the Participant's ex‐spouse,then such designated Beneficiary shall be paid benefits in accordance with theBeneficiary designation and the terms of the Plan.

Notwithstanding anything herein to thecontrary, if the Participant is also the Participant in the Restoration Plan,then the Beneficiary for the Restoration Plan and this Plan for purposes of theSERP Death Benefit and the Restoration Death Benefit must be the sameindividual or individuals.  In the event that the Participant filesdesignations purporting to designate different Beneficiaries for such benefits,then the designation under this Plan shall control for purposes of determiningthe Participant's Beneficiary or Beneficiaries for both the Restoration Planand this Plan.

4.11     Adjustment to BenefitPayments  In the event that, after aParticipant's SERP Benefit has been determined under this Article IV and theParticipant has commenced receipt of his or her SERP Benefit, the amountpayable to a Participant under the Qualified Plan is increased due to increasesin the Section 415 Limitation applicable to such payments or for any otherreason other than an actuarially equivalent adjustment that does not increasethe total benefit payable from the Qualified Plan, then such Participant's SERPBenefit shall be reduced to the extent necessary so that the Participant's SERPBenefit does not cause the total benefit payable to such Participant to exceedthe Participant's Targeted Pension, as provided in Section 4.1(c).

 

17

 

**                                                                      **

4.12     Reduction, Suspension orElimination of Benefits.  The EDS Compensation and BenefitsCommittee, in its sole discretion, may at any time reduce, suspend or eliminateany SERP Benefit otherwise payable to a Participant or an eligible spouse, ifthe Participant has acted or failed to act in one or more of the ways specifiedin Section 3.2(c) (Ineligible Employees).  Any such reduction, suspension orelimination of SERP Benefits payable hereunder to a Participant shallautomatically apply to any benefits that would be payable hereunder to theParticipant's eligible spouse.  However, any decision to reduce, suspend oreliminate a benefit for reason of a Participant's employment with a competitorof the Employer or because of actions considered inimical or detrimental to thebest interests of the Employer, shall be made by the EDS Compensation andBenefits Committee after consideration of the facts and circumstances of thesituation and any advice and recommendations received from the Chairman.

4.13     Additional Years of CreditedService or Age.  In the sole and absolute discretion ofthe Chairman, subject only to the review of the EDS Compensation and BenefitsCommittee, or in the discretion of the EDS Compensation and Benefits Committee,a Participant may be (i) provided with additional years of age, Years ofCredited Service, or Years of Credited Service for Vesting, as defined in theRetirement Plan, for any purpose under this EDS 1998 SERP Plan,  (ii) providedwith benefits supplemental to, or otherwise calculated in a different mannerfrom, his or her Targeted Pension, or (iii) permitted to commence payment ofhis or her SERP Benefit notwithstanding the fact that such Participant is notyet eligible for or has not yet commenced payment of his or her benefit underthe Qualified Plan (provided that such commencement date, in reliance on theDistribution Election Transition Rule, must be set forth in a written agreemententered into before December 31, 2007).  Any such additional benefitor payment provisions shall be as set forth in a separate, written agreementwith such Participant which shall otherwise be subject to all the terms of this1998 EDS SERP.

4.14     Contingent Rights.  No Employee or Participant shall havea vested or future interest in, or entitlement to, any benefits from the Planuntil the last day of the month immediately preceding his or her RetirementDate, at which time such SERP Benefits shall be fully vested, subject only toforfeiture as provided in Section 3.2(c) (Ineligible Employees) and Section4.12 (Reduction, Suspension, or Elimination of Benefits).  As a non‐qualifiedPlan, any benefit hereunder is made subject to the conditions precedent as setforth herein and to the rights reserved herein by the EDS Compensation andBenefits Committee to reduce, suspend, or eliminate benefits hereunder, toterminate or amend the Plan, and the EDS Compensation and Benefits Committee'sdiscretionary authority to deem any Employee ineligible hereunder.

 

 

18

 

**                                                                           **

4.15     ContinuedEmployment and Reemployment of Participant Receiving or Having ReceivedBenefits

(i)         Nobenefits accrued under this EDS 1998 SERP may be distributed to a Participantunless the Participant Separates from Service.

(ii)        Notwithstanding anythingherein to the contrary, if a Participant who Separates from Service and beginsreceiving a distribution of his or her SERP Benefit is subsequently reemployed,payment of such Participant's SERP Benefit shall continue withoutinterruption.  At the time of the Participant's subsequent Separation fromService, his or her SERP Benefit shall be recalculated and payment of his orher SERP Benefit shall be adjusted to reflect any increase in his or her SERPBenefit attributable to his or her additional service.

**ARTICLEV**

**ADMINISTRATION**

5.1       Administration.  The Company's Vice President, GlobalCompensation and Benefits  shall be the Plan Administrator.  The Plan Administrator shall have the authority that is expressly stated in this EDS 1998 SERP asbeing delegated and empowered to the Plan Administrator and shall have theauthority to handle the day‐to‐day administration of the EDS 1998SERP and to administer and interpret the EDS SERP according to itsprovisions, subject only to review by the EDS Compensation and BenefitsCommittee.

5.2       Finality of Determination.  Determinations of the Plan Administrator as to any disputed questions arising under this EDS 1998 SERP, includingquestions of construction and interpretation shall be final, binding, andconclusive upon persons.  All determinations reserved for the EDS Compensationand Benefits Committee herein shall be final, binding and conclusive upon allpersons.

5.3       Expenses.  The expenses of administering the EDS1998 SERP shall be borne by the Company.

**ARTICLEVI**

**MERGER, AMENDMENT, AND TERMINATION**

6.1       Merger,Consolidation or Acquisition.  In the event of a merger,consolidation, or acquisition where the Company is not the survivingcorporation, this EDS 1998 SERP shall continue as an obligation of thesurviving corporation.

6.2       Amendment and Termination.  The EDS Compensation and BenefitsCommittee may amend, modify, or terminate the EDS 1998 SERP at any time;provided, however, that no amendment or termination of the EDS 1998 SERP shalldeprive a Participant or eligible spouse of any benefit vested prior to thedate of amendment or termination.

                                                                             

 

19

 

**                                                                          **

 

**ARTICLE VII**

**MISCELLANEOUS PROVISIONS**

7.1       Funding.  Benefits hereunder shall constitute anunfunded obligation of the Company, but the Company may create reserves, funds,and/or provide for amounts to be held in trust on the Company's behalf. Payment of benefits may be made by the Company, on behalf of the Company  bysuch a trust or through a service or benefit provider to the Company or suchtrust.  No Participant, Employee, or any other person shall have any right,title, or interest whatsoever in or to, or any preferred claim in or to, anysuch trust assets or to any other investment reserves, accounts, or funds thatthe Company may purchase, establish, or accumulate to aid in providing thepayments described in this EDS 1998 SERP.  Nothing contained in this EDS 1998SERP, and no action taken pursuant to its provisions, shall create or beconstrued to create a trust or a fiduciary relationship of any kind between theCompany or any other Employer and a Participant, Employee, or any other person.

Notwithstanding the preceding paragraph,no assets shall be transferred to any trust to fund payments under this EDS1998 SERP for any Participant who is an "applicable covered employee" (as suchterm is defined in Code Section 409A(b)(3)(D)) during (i) any period duringwhich the Qualified Plan or any successor plan is in "at-risk" status (as such termis defined in Code Section 430(i)), (ii) any period the Company or any ParticipatingEmployer is a debtor in a case under Title 11 of the United States Code orsimilar Federal or State law or (iii) the twelve month period beginning on thedate which is six months prior to the date of termination of the Qualified Planor any successor plan where, as of the date of such termination, such plan isnot sufficient for benefit liabilities (within the meaning of section 4041 ofthe Employee Retirement Income Security Act of 1984, as amended).  In addition,no assets shall be transferred to any trust to fund payments under this EDS1998 SERP if such transfer would violate any of the restrictions under CodeSection 409A(b).

7.2       Tax Withholding.  The Company may withhold or cause to bewithheld from any benefit payment any withholding or other taxes required to bewithheld with respect to such payment and such sum as the Company mayreasonably estimate as necessary to cover any withholding or other taxes whichmay be due and owing as a result of any SERP Benefit or the creation ormaintenance of this EDS 1998 SERP.

7.3       Other Plans.  No benefit payable hereunder shall bedeemed compensation to the Participant for the purposes of computing benefitsto which such Participant may be entitled under the Qualified Plan or any otherplan or arrangement of the Company or any other Employer for the benefit of itsemployees.

 

 

20

 

**                                                                          **

7.4       Anti‐assignmentand Nontransferability.  An Employee, Participant, eligiblespouse or other person shall have no rights, by way of anticipation orotherwise, to assign or otherwise dispose of any interest under this EDS 1998SERP, nor shall rights be assigned or transferred by operation of law.  No SERPBenefits hereunder may be assigned except pursuant to a QDRO.

IN WITNESS WHEREOF, the EDSCompensation and Benefits Committee has caused this restatement to be executedon this 19TH day of December, 2007.

COMPENSATION AND BENEFITSCOMMITTEEOF THE BOARD OF DIRECTORS OF ELECTRONIC DATASYSTEMS CORPORATION

 

/S/ MICHAEL E. PAOLUCCI                                             

Michael E. Paolucci,Secretary of the Committee and 

Vice President, GlobalCompensation and Benefits of EDS

 

 

 

 

 

21 |