EX-10.b






ADC TELECOMMUNICATIONS, INC. 401(k) EXCESS PLAN




(2007 Restatement)




First Effective September 1, 1990




As Restated on September 30, 2007




1




ADC TELECOMMUNICATIONS, INC. 401(k) EXCESS PLAN




(2007 Restatement)




TABLE OF CONTENTS




Page





	 	 	PREAMBLES 1





2




ADC TELECOMMUNICATIONS, INC. 401(k) EXCESS PLAN




(2007 Restatement)




WITNESSETH: That



WHEREAS, ADC TELECOMMUNICATIONS, INC., a Minnesota corporation (the “Principal Sponsor”), by
resolution of its Board of Directors, has heretofore established and maintained a nonqualified,
unfunded, deferred compensation and supplemental retirement plan for the benefit of a select group
of management or highly compensated eligible employees, which in its most recently restated form is
embodied in a document effective January 1, 2005 and entitled “ADC Telecommunications, Inc. 401(k)
Excess Plan (2006 Restatement);” and



WHEREAS, The Principal Sponsor has reserved to itself the power to make further amendments of
the Plan documents; and



WHEREAS, It is desired to amend and restate the Plan documents to be a single document in the
manner hereinafter set forth;



NOW, THEREFORE, The Plan documents are hereby amended and restated to read in full as follows:



SECTION 1





3






INTRODUCTION




1.1. Application of Restatement. The terms of this restated Plan Statement are intended to
comply with final Treasury Regulation § 1.409A-1(h), -1(i) and -3(i) and shall become effective
upon adoption of this restatement.



1.2. Definitions. When the following terms are used herein with initial capital letters, they
shall have the following meanings:



1.2.1. Accounts — the following Accounts will be maintained under the Plan for Participants:




	 	(a)	 	Total Account — for convenience of reference, the separate unfunded and
unsecured general obligation of the Employer established with respect to each person
who is a Participant in the Plan in accordance with Section 2, including the
Participant’s Excess Savings Account, Fixed Match Account, Performance Match Account
and Transition Benefit Account.






	 	(b)	 	Excess Savings Account — the bookkeeping account maintained for each
Participant to which is credited the voluntary deferral amounts specified in
Section 3.1.






	 	(c)	 	Fixed Match Account — the bookkeeping account maintained for each
Participant to which is credited the amounts specified in Section 3.2.






	 	(d)	 	Performance Match Account — the bookkeeping account maintained for each
Participant to which is credited the amounts specified in Section 3.3.






	 	(e)	 	Transition Benefit Account — the bookkeeping account maintained for each
Participant to which is credited the amount specified in Section 3.4.





1.2.2. Affiliate — a business entity which is under “common control” with the Employer or
which is a member of an “affiliated service group” that includes the Employer, as those terms are
defined in section 414(b), (c) and (m) of the Code. A business entity, which is a predecessor to
the Employer, shall be treated as an Affiliate if the Employer maintains a plan of such predecessor
business entity or if, and to the extent that, such treatment is otherwise required by regulations
under section 414(a) of the Code. A business entity shall also be treated as an Affiliate if, and
to the extent that, such treatment is required by regulations under section 414(o) of the Code. In
addition to said required treatment, the Principal Sponsor may, in its discretion, designate as an
Affiliate any business entity which is not such a “common control,” “affiliated service group” or
“predecessor” business entity but which is otherwise affiliated with the Employer, subject to such
limitations as the Principal Sponsor may impose.



1.2.3. Annual Enrollment Period — the time period designated by the ADC Telecommunications,
Inc. Corporate Benefits Department during which eligible employees may, pursuant to rules
established by the ADC Telecommunications, Inc. Corporate Benefits Department, enroll in the Plan
as Participants or change their deferral percentages under the Plan. An Annual Enrollment Period
for a Plan Year will end no later than December 31 of the preceding Plan Year.



1.2.4. Annual Valuation Date — each December 31.



1.2.5. Beneficiary — a person designated by a Participant (or automatically by operation of
this Plan Statement) to receive all or a part of the Participant’s Total Account in the event of
the Participant’s death prior to full distribution thereof. A person so designated becomes a
Beneficiary after the death of the Participant with respect to whom the person is a Beneficiary.



1.2.6. Code — the Internal Revenue Code of 1986, including applicable regulations for the
specified section of the Code. Any reference in this Plan Statement to a section of the Code,
including the applicable regulation, shall be considered also to mean and refer to any later
amendment or replacement of that section or regulation.



1.2.7. Compensation — Recognized Compensation as defined in the ADC Retirement Savings Plan,
but for purposes of this Plan, determined without regard to the limitation in section 401(a)(17) of
the Code ($225,000 in 2007, and as subsequently adjusted for increases in cost of living).



1.2.8. Compensation Committee — the Committee known as the Compensation Committee of the Board
of Directors of ADC Telecommunications, Inc.



1.2.9. Disability — any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period of not less than
twelve (12) months, and for which the Participant is receiving income replacement benefits for a
period of not less than three months under the ADC Group Long Term Disability Plan.
Notwithstanding the foregoing, the term Disability shall at all times be interpreted in a manner so
as not to violate section 409A of the Code.



1.2.10. Employer — the Principal Sponsor, any business entity affiliated with the Principal
Sponsor that adopts the Plan, and any successor thereof that adopts the Plan.



1.2.11. ERISA — the Employee Retirement Income Security Act of 1974, including applicable
regulations for the specified section of ERISA. Any reference in this Plan Statement to a section
of ERISA, including the applicable regulation, shall be considered also to mean and refer to any
subsequent amendment or replacement of that section or regulation.



1.2.12. Excess Compensation — Compensation for a Plan Year that exceeds the limitations in
section 401(a)(17) of the Code for such Plan Year ($225,000 in 2007, and as subsequently adjusted
for increases in the cost of living).



1.2.13. Excess Savings Election — the election which may be made by a Participant as provided
in Section 2.3.



1.2.14. Participant — an employee of the Employer who has satisfied the eligibility rules in
Section 2 and receives a credit under an Account pursuant to the rules of Section 3. An employee
who has become a Participant shall be considered to continue as a Participant in the Plan until the
Participant’s date of death or if earlier, the date upon which the Participant is no longer
employed in Recognized Employment and upon which the Participant no longer has any Account under
the Plan (that is, the Participant has received a distribution of all of the Participant’s Total
Account, if any).



1.2.15. Plan — the program of deferred compensation and supplemental retirement income
established for the benefit of employees eligible to participate therein, as first set forth in
this Plan Statement. (As used herein, “Plan” refers to the legal entity established by the
Employer and not to the document pursuant to which the Plan is maintained. That document is
referred to herein as the “Plan Statement.”) The Plan shall be referred to as the “ADC
TELECOMMUNICATIONS, INC. 401(k) EXCESS PLAN.”



1.2.16. Plan Statement — this document entitled “ADC TELECOMMUNICATIONS, INC. 401(k) EXCESS
PLAN (2007 Restatement),” as the same may be amended from time to time thereafter.



1.2.17. Prior Plan Statement — the series of documents pursuant to which the Plan was
established effective as of September 1, 1990, and operated thereafter until the effective date of
this Plan Statement.



1.2.18. Plan Year — the twelve (12) consecutive month period ending on any Annual Valuation
Date.



1.2.19. Principal Sponsor — ADC TELECOMMUNICATIONS, INC., a Minnesota corporation.



1.2.20. Recognized Employment — employment as a common law employee of the Employer in a
position which is:




	 	(a)	 	classified as Recognized Employment under the Retirement Savings Plan; and






	 	(b)	 	a sales management position at an ADC job grade level of eighteen (18) or
any position at an ADC job grade level of nineteen (19) or above.





The Employer’s classification of a person at the time of inclusion or exclusion in Recognized
Employment shall be conclusive for the purpose of the foregoing rules. No reclassification of a
person’s status with the Employer, for any reason, without regard to whether it is initiated by a
court, governmental agency or otherwise and without regard to whether or not the Employer agrees to
such reclassification, shall result in the person being included in Recognized Employment, either
retroactively or prospectively. Any uncertainty concerning a person’s classification shall be
resolved by excluding the person from Recognized Employment.



1.2.21. Retirement Committee — the Committee known as the ADC Retirement Committee.



1.2.22. Retirement Savings Plan — the tax-qualified defined contribution plan of the Principal
Sponsor established for the benefit of employees eligible to participate therein, as set forth in
the document entitled “ADC RETIREMENT SAVINGS PLAN TRUST AGREEMENT (1999 Restatement)” as adopted
by the Principal Sponsor effective as of April 1, 1999, as the same may be amended from time to
time thereafter.



1.2.23. Separation from Service — a severance of an employee’s employment relationship with
the Employer and all Affiliates for any reason other than the employee’s death.




	 	(a)	 	Whether a separation from service has occurred is determined under section
409A of the Code and Treasury Regulation 1.409A-1(h) (i.e., whether the facts and
circumstances indicate that the Employer and the employee reasonably anticipated
that no further services would be performed after a certain date or that the level of
bona fide services the employee would perform after such date (whether as an employee
or independent contractor) would permanently decrease to no more than 20% of the
average level of bona fide services performed (whether as an employee or an
independent contractor) over the immediately preceding 36 month period (or the full
period of services to the employer if the employee has been providing services to the
employer less than 36 months)).






	 	(b)	 	Separation from Service shall not be deemed to occur while the employee is
on military leave, sick leave or other bona fide leave of absence if the period does
not exceed six (6) months or, if longer, so long as the employee retains a right to
reemployment with the Employer or an Affiliate under an applicable statute or by
contract. For this purpose, a leave is bona fide only if, and so long as, there is a
reasonable expectation that the employee will return to perform services for the
Employer or an Affiliate. Notwithstanding the foregoing, a 29-month period of
absence will be substituted for such 6-month period if the leave is due to any
medically determinable physical or mental impairment that can be expected to result
in death or can be expected to last for a continuous period of no less than 6 months
and that causes the employee to be unable to perform the duties of his or her
position of employment.





1.2.24. Specified Employee — a “specified employee” as that term is defined under section 409A
of the Code and Treasury Regulation § 1.409A-1(i) (an employee who at any time during a calendar
year is a “key employee” under section 416(i)(1)(A) of the Code without regard to section 416(i)(5)
of the Code (generally one of the top 50 officers with earned compensation during such calendar
year in excess of $145,000, as adjusted for inflation)). An employee who is a key employee for a
calendar year becomes a Specified Employee as of the April 1 following such calendar year, and
shall remain a Specified Employee for the twelve-month period ending March 31 of the following
calendar year.



1.2.25. Unforeseeable Emergency — a severe financial hardship to the Participant resulting
from an illness or accident of the Participant, the Participant’s spouse, or a dependent (as
defined in section 152(a) of the Code) of the Participant, loss of the Participant’s property due
to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of
events beyond the control of the Participant.



1.2.26. Unit Share — a bookkeeping unit which is the equivalent of one (1) share of common
stock of the Principal Sponsor (as adjusted pursuant to Section 4.2 or Section 4.3).



1.2.27. Valuation Date — the Annual Valuation Date and any day during which the New York Stock
Exchange is open for business or any other date chosen by the Retirement Committee.



1.2.28. Vested — nonforfeitable, i.e., a claim obtained by a Participant or the Participant’s
Beneficiary to that part of an immediate or deferred benefit hereunder which arises from the
Participant’s service, which is unconditional and which is legally enforceable against the Plan.



1.3. Rules of Interpretation. An individual shall be considered to have attained a given age on
the individual’s birthday for that age (and not on the day before). The birthday of any individual
born on a February 29 shall be deemed to be February 28 in any year that is not a leap year.
Notwithstanding any other provision of this Plan Statement or any election or designation made
under the Plan, any individual who feloniously and intentionally kills a Participant or Beneficiary
shall be deemed for all purposes of this Plan and all elections and designations made under this
Plan to have died before such Participant or Beneficiary. A conviction of felonious and
intentional killing is conclusive for the purposes of this Section. In the absence of a conviction
of felonious and intentional killing, the Employer shall determine whether the killing was
felonious and intentional for the purposes of this Section. Whenever appropriate, words used
herein in the singular may be read in the plural, or words used herein in the plural may be read in
the singular; and the words “hereof”, “herein” or “hereunder” or other similar compounds of the
word “here” shall mean and refer to this entire Plan Statement and not to any particular paragraph
or Section of this Plan Statement unless the context clearly indicates the contrary. The titles
given to the various Sections of this Plan Statement are inserted for convenience of reference only
and are not part of this Plan Statement, and they shall not be considered in determining the
purpose, meaning or intent of any provision hereof. Any reference in this Plan Statement to a
statute or regulation shall be considered also to mean and refer to any subsequent amendment or
replacement of that statute or regulation. This document has been adopted in the State of
Minnesota and has been drawn in conformity to the laws of that State and shall, except to the
extent that federal law is controlling, be construed and enforced in accordance with the laws of
the State of Minnesota.



SECTION 2





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ELIGIBILITY AND ENROLLMENT




2.1. Eligibility. An employee is eligible to enroll in this Plan for a Plan Year if such
employee: (i) is in Recognized Employment on the November 1 immediately proceeding such Plan Year;
and (ii) is selected by the Retirement Committee to participate in the Plan for such Plan Year.



2.2. Special Eligibility Rule for Transition Benefit. Any employee of the Employer or an Affiliate
who, in a Plan Year receives: (i) Excess Compensation or is expected to receive Compensation in
excess of $140,000 for such Plan Year (or such higher amount as shall be determined by the
Retirement Committee from time to time) and (ii) a transition benefit under the ADC Retirement
Savings Plan, shall be eligible for a Transition Benefit contribution under this Plan.



2.3. Excess Savings Election. To enroll for participation in this Plan, an eligible employee must
make an Excess Savings Election during the Annual Enrollment Period for the Plan Year in which the
employee desires to participate in the Plan. Subject to the provisions of Section 2.3.2 and
Section 2.3.3, an employee’s Excess Savings Election shall remain in effect for each subsequent
Plan Year.



2.3.1. Deferral Percentages. Elections for deferred Excess Compensation may be made in
increments of one percent (1%) and shall be equal to not less than one percent (1%) nor more than
fifteen percent (15%) of the amount of the employee’s Excess Compensation. Such elections may be
changed during any Annual Enrollment Period.



2.3.2. Automatic Cancellation. An employee’s Excess Savings Election shall be automatically
cancelled upon the Participant’s Separation from Service or death. If the Participant remains an
employee of the Employer but is no longer in Recognized Employment, the employee’s Excess Savings
Election shall be automatically cancelled effective as of December 31 of the Plan Year in which the
employee is no longer eligible to participate in this Plan.



2.3.3. Voluntary Cancellation. An eligible employee who has an Excess Savings Election in
effect may cancel completely the Excess Savings Election as of any December 31. Written notice of
the cancellation must be delivered to the Employer during the Annual Enrollment Period for the Plan
Year in which the employee desires the cancellation to be effective.



2.3.4. Manner of Election. The Employer shall specify the manner of the Excess Savings
Election (e.g., written, telephonic, electronic or any combination thereof), the manner of any
modification to the Excess Savings Election, and all procedures for the delivery and acceptance of
any forms and notices.



2.3.5. Employer Administrative Error. Notwithstanding anything in this Section to the
contrary, the Employer, in its sole discretion, may modify or accept an eligible employee’s Excess
Savings Election during the Plan Year if the modification is necessary to correct an administrative
error made by the Employer or if the Plan Administrator has failed to initially enroll the
Participant as of January 1. However, such modification shall only be to the extent necessary to
correct the error.



2.4. Specific Exclusion. Notwithstanding anything apparently to the contrary in the Plan or in any
written communication, summary, resolution or document or oral communication, no individual shall
be a Participant in the Plan, develop benefits under the Plan or be entitled to receive benefits
under the Plan (either for the individual or the individual’s survivors) unless such individual is
a member of a select group of management or highly compensated employees (as that expression is
used in ERISA). If a court of competent jurisdiction, any representative of the U.S. Department of
Labor or any other governmental, regulatory or similar body makes any direct or indirect, formal or
informal, determination that an individual is not a member of a select group of management or
highly compensated employees (as that expression is used in ERISA), such individual shall not be
(and shall not have ever been) a Participant in the Plan at any time. If any individual not so
defined has been erroneously treated as a Participant in the Plan, upon discovery of such error
such individual’s erroneous participation shall immediately terminate ab initio and upon demand
such individual shall be obligated to reimburse the Principal Sponsor for all amounts erroneously
paid to that individual.



SECTION 3





5






ADDITIONS TO ACCOUNTS




3.1. Excess Compensation Deferrals.



3.1.1. Amount. The Employer shall credit each Participant’s Excess Savings Account with the
amount of deferred Excess Compensation agreed to by each Participant pursuant to the Participant’s
Excess Savings Election. No Excess Compensation deferrals shall be credited to an eligible
employee’s Excess Savings Account for a Plan Year prior to the date the employee has earned Excess
Compensation (i.e., Compensation that exceeds the limitations in Section 401(a)(17) of the Code for
such Plan Year). This Section 3.1.1 as revised by this Plan Statement is effective January 1,
2006.



3.1.2. Crediting the Account. The amount of Excess Compensation deferred with respect to each
Participant shall be credited in dollar amounts to the Participant’s Excess Savings Account as soon
as administratively practicable following each pay period for which the Excess Compensation was
deferred.



3.2. Fixed Match.



3.2.1. Amount. The Employer shall credit each eligible Participant’s Fixed Match Account with
an amount equal to fifty percent (50%) of the first six percent (6%) of reduction in Excess
Compensation for each pay period which was agreed to by the Participant pursuant to an Excess
Savings Election. This Section 3.2.1 as revised by this Plan Statement is effective January 1,
2006.



3.2.2. Crediting the Account. The fixed match shall be credited in dollar amounts to the
eligible Participant’s Match Account as soon as administratively practicable following each pay
period for which the fixed match is made.



3.2.3. Eligible Participant. For purposes of this Section 3.2, a Participant shall be an
“Eligible Participant” as of the payday coincident with or next following the date such Participant
has completed the match eligibility requirements under Section 2.1.2 of the Retirement Savings
Plan. Excess Compensation paid by the Employer as of any payday prior to the date the employee has
completed the match eligibility requirements under Section 2.1.2 of the Retirement Savings Plan
shall not be taken into account for purposes of determining the amount of the fixed match additions
under this Section 3.2.



3.3. Performance Match.



3.3.1. Amount. Each Plan Year, the Employer may (but shall not be required to) credit to each
eligible Participant’s Performance Match Account an amount which shall be determined by multiplying
the Performance Match Contribution percentage under the Retirement Savings Plan for such Plan Year
times the amount of the Participant’s excess savings deferrals on the first six percent (6%) of
Excess Compensation under this Plan.



3.3.2. Crediting the Account. The performance match shall be credited in dollar amounts to
the eligible Participant’s Performance Match Account as soon as administratively practicable
following the Annual Valuation Date for the Plan Year for which the addition is made.



3.3.3. Eligible Participant. For purposes of this Section 3.3, a Participant shall be an
“eligible Participant” as of the payday coincident with or next following the date such Participant
has completed the match eligibility requirements under Section 2.1.2 of the Retirement Savings
Plan, and only if such Participant is on the last day of such Plan Year an employee of the Employer
or an Affiliate (including for this purpose any Participant who then is on temporary layoff or
authorized leave of absence or who, during such Plan Year, was inducted into the Armed Forces of
the United States from employment with the Employer). Excess Compensation paid by the Employer as
of any payday prior to the date the employee has completed the match eligibility requirements under
Section 2.1.2 of the Retirement Savings Plan shall not be taken into account for purposes of
determining the amount of the performance match under this Section 3.3.



3.4. Transition Benefit.



3.4.1. Amount. For a Plan Year in which an employee is eligible for a transition benefit
under this Plan, the Employer shall credit a Transition Benefit Account established for such
employee with an addition equal to the sum of the following:




	 	(a)	 	an amount equal to the employee’s Excess Compensation for such Plan Year
multiplied by the transition benefit percentage determined for such employee under
the Retirement Savings Plan for such Plan Year, and






	 	(b)	 	the amount of any transition benefit (other than the amount identified in
paragraph (a) above) to be allocated to such employee which is in excess of the
maximum permissible addition which would have been contributed on behalf of the
Participant under the Retirement Savings Plan but for the limitation on annual
additions imposed under section 415 of the Code.





3.4.2. Crediting the Account. The transition benefit under paragraph 3.4.1(a) shall be
credited in dollar amounts to the Participant’s Transition Benefit Account as soon as
administratively practicable following the last day of the calendar month for which the benefit is
made. The transition benefit under paragraph 3.4.1(b) shall be credited in dollar amounts to the
Participant’s Transition Benefit Account as soon as administratively practicable following the
Annual Valuation Date in the Plan Year for which the benefit is made.



3.5. Nonduplication of Benefits. The Plan shall be construed to prevent the duplication of
benefits provided under any other plan or arrangement, whether qualified or nonqualified, funded or
unfunded, to the extent that such other benefits are provided directly or indirectly by the
Employer.



SECTION 4





6






ESTABLISHMENT AND ADJUSTMENT OF ACCOUNTS




4.1. Participant Accounts. This Section 4.1 as revised by this Plan Statement is effective
February 1, 2007.



4.1.1. Establishment of Accounts. The Retirement Committee shall cause a bookkeeping account
to be kept in the name of each Participant which shall reflect the value of the Participant
elective deferrals, fixed match, performance match, transition benefit, and any earnings thereon,
credited to each Account of a Participant.



4.1.2. Adjustment of Accounts. The Retirement Committee shall cause the value of each Account
to be increased (or decreased) from time to time for distributions, additions, investment gains (or
losses) and expenses charged to the Account.



4.1.3. Investment of Accounts. Except as provided in Sections 4.2 and 4.3, amounts credited
to a Participant’s Account will be adjusted for gains and losses to the same extent that equal
amounts would have been adjusted if they had been invested as directed by the Participant in the
subfund or subfunds designated by the Retirement Committee. Notwithstanding the Retirement
Committee’s authority to establish operational rules or revise subfunds in accordance with this
Section 4.1.3 and Section 4.1.4, the Plan shall maintain one subfund consisting exclusively of Unit
Shares and notional cash or other short term cash equivalents (hereinafter, the “ADC Phantom Stock
Fund”).



4.1.4. Rules and Limitations. The Retirement Committee shall establish additional rules for
the adjustment of Accounts, including the times when benefits shall be credited under Section 3 for
the purpose of crediting gains or losses under this Section 4. Notwithstanding the foregoing, the
ADC Phantom Stock Fund shall be operated in accordance with the following rules. Subject to any
limitations imposed by the Retirement Committee or in order to (1) comply with federal or state
securities laws; (2) prevent abusive market timing or other abusive trading activity detrimental to
the performance of the ADC Phantom Stock Fund or (3) facilitate any “blackout” or other temporary
suspension of trading necessary in connection with the administration of the Plan, each Participant
(and Beneficiary, as applicable) shall be permitted to:




	 	(a)	 	direct investment of not more than twenty percent (20%) of the
Participant’s future contribution credits (i.e., elective deferrals, matching
credits, transition benefits, if any) into the ADC Phantom Stock Fund;






	 	(b)	 	as of any date that both the Plan’s recordkeeper and the New York Stock
Exchange is open (a “business day”), direct transfer of any portion of a
Participant’s Account balance from any subfund into the ADC Phantom Stock Fund;
provided, however, that the direction shall be honored at any given point in time
only to the extent that, immediately after such transfer, not more than twenty
percent (20%) of the individual’s Account is invested in the ADC Phantom Stock Fund;
and






	 	(c)	 	as of any business day, direct transfer of all or any portion of the
Participant’s Account from the ADC Phantom Stock Fund into any other subfund
available under the Plan for Participant direction.





4.2. Dividend Adjustment for Phantom Stock. At such time that dividends are paid on common stock
of the Employer, the Unit Shares credited to the Participant’s Account, if any, shall be increased
by crediting in Unit Shares the amount of the dividend which would have been paid if the number of
Unit Shares had been shares of common stock of the Employer.



4.3. Antidilution Adjustment for Phantom Stock. In the event that the outstanding shares of stock
of the Employer, of whatever class or series, are increased, decreased or changed into or exchanged
for a different number or kind of shares or other securities of the Employer or of another
corporation by reason of any reorganization, merger, consolidation, recapitalization,
reclassification, stock split-up, combination of shares, stock dividends or otherwise, then the
number of Unit Shares credited to the Participant’s Account, if any, shall be adjusted so that the
resulting number of Unit Shares shall be in the same ratio to the original number of Unit Shares as
the number of shares of stock of the Employer, of whatever class or series, outstanding immediately
after the transaction described above giving rise to an adjustment hereunder bears to the number of
shares of stock of the Employer, of whatever class or series, outstanding immediately prior to the
transaction. Adjustments shall be made as are necessary to prevent dilution or enlargement of the
benefits credited under the Plan.



4.4. Not Funded. The obligation of the Employer to make payments under this Plan constitutes only
the unsecured (but legally enforceable) promise of the Employer to make such payments, and the
Participant shall have no lien, prior claim or other security interest in any property of the
Employer. No fund, trust or account (other than a bookkeeping account or reserve) will be
established or maintained by the Employer for the purpose of funding or paying the benefits
promised under this Plan. If such a fund is established, the property therein shall remain the
sole and exclusive property of the Employer. The Employer will pay the cost of the Plan out of its
general assets. All references to accounts, accruals, gains, losses, income, expenses, payments,
custodial funds and the like are included merely for the purpose of measuring the Employer’s
obligation to Participants in the Plan and shall not be construed to impose on the Employer the
obligation to create any separate fund for purposes of the Plan.



SECTION 5





7






VESTING ACCOUNTS




The Accounts of each Participant shall be fully (100%) Vested at all times.



SECTION 6





8






DISTRIBUTION UPON SEPARATION FROM SERVICE




6.1. Time of Distribution. Upon the occurrence of a Separation from Service effective as to a
Participant, the Employer shall make or commence distribution of the Participant’s Total Account
(reduced by the amount of any applicable payroll, withholding and other taxes) as of one of the
following benefit distribution dates as the Participant shall designate prior to the first Plan
Year in which the Participant first receives credits to the Participant’s Accounts. A Participant
who fails to designate a time of distribution shall be deemed to have elected a benefit
distribution date as of the first day of the seventh month following the Participant’s Separation
from Service.



6.1.1. Lump-Sum Distributions. A Participant who elects to receive distribution in the form
of a single lump sum may elect to commence payment as of any of the benefit distribution dates in
(a), (b) or (c) below:




	 	(a)	 	the first day of the seventh month following the Participant’s Separation
from Service;






	 	(b)	 	the January 1 next following the Participant’s Separation from Service,
unless such January 1 occurs before (a) above, in which case distribution shall be
made under (a) above; or






	 	(c)	 	any January 1 that occurs after the dates in (b) above but not later than
the five-(5) year anniversary of the Participant’s Separation from Service.





6.1.2. Annual Installment Distributions. A Participant who elects to receive distribution in
the form of annual installments may elect to commence payment as of any of the benefit distribution
dates in (a) or (b) below:




	 	(a)	 	the first day of the seventh month following the Participant’s Separation
from Service and each January 1 thereafter; or






	 	(b)	 	the January 1 next following the Participant’s Separation from Service
(unless such January 1 occurs before (a) above, in which case distribution shall be
made under (a) above) and each January 1 thereafter.





6.1.3. Actual Distribution Dates. Actual distribution shall commence as soon as
administratively practicable after the benefit distribution date but in all events by the later of:
(i) the last day of the taxable year in which the Participant’s benefit distribution date occurs,
or (ii) two and one-half months after the Participant’s benefit distribution date.



6.2. Forms of Distribution. Distribution of the Participant’s Total Account shall be made to the
Participant entitled to receive distribution in a single lump sum or in annual installments as
designated by the Participant prior to the first Plan Year in which the Participant receives
credits to the Participant’s Accounts. A Participant who fails to designate a form of distribution
shall be deemed to have elected a single lump-sum distribution. The following rules shall apply
regarding elections as to the form of payment:




	 	(a)	 	Annual Installments. If the Participant elects to receive distribution in
annual installments, the following rules shall apply:






	 	(i)	 	Distribution shall be made in a series of
substantially equal installments payable annually over a term not to
exceed five (5) years.






	 	(ii)	 	The amount of the installment distribution to
be made in substantially equal annual installments shall be determined
by dividing the Account value as of the Valuation Date of the
installment distribution by the number of remaining installments
(including the installment being computed).






	 	(b)	 	Automatic Lump Sum. Notwithstanding any election to receive distribution
in installments, if on or after January 1, 2007, the Participant’s Account balance
(together with all other vested account balances of the Participant under any other
deferred compensation plan of the Employer or an Affiliate required to be aggregated
with this Plan under Code Section 409A) upon commencement of the initial installment
distribution following Separation from Service is less than the lesser of Twenty
Thousand Dollars ($20,000) or the dollar limit then in effect under section 402(g) of
the Code (Fifteen Thousand Five Hundred Dollars ($15,500) in 2007), distribution
shall be made in a single lump sum.





6.3. Modification of Initial Designation. Notwithstanding the foregoing, a Participant who is
actively employed by the Employer may make one new election that changes the time or form of
payment selected pursuant to Section 6.1 and Section 6.2, subject to the following limitations:




	 	(a)	 	The Participant may rescind the initial designation by making a new
designation on a form provided by the Employer. Such election must be submitted to
and accepted by the Employer at least twelve (12) months prior to the date on which a
distribution to the Participant would otherwise have been made or commenced. The
election shall have no effect until at least twelve (12) months after the date on
which the election is made.






	 	(b)	 	If the Participant initially elected to commence distribution in a single
lump sum, the Participant may elect to change the time (but not the form) of
distribution. If the Participant initially elected to commence distribution in
annual installments, the Participant may elect to convert such installments into a
single lump sum.






	 	(c)	 	The new benefit distribution date may be any January 1 that occurs on or
after the five-(5) year anniversary of the original benefit distribution date but no
later than the seven-(7) year anniversary of the Participant’s Separation from
Service.






	 	(d)	 	Notwithstanding the foregoing, to the extent permitted under transitional
guidance issued under Section 409A of the Code, in the case of each individual who is
an active Participant in the Plan as of the date of adoption of this restatement and
who previously made a payment election under this Section 6, such Participant may
modify his or her prior payment election without regard to the requirements in (a)
through (c) of this Section 6.3 if such modification is made on or before December
31, 2006 and the modified time and form of payment elected otherwise comply with
Section 6.1.1, 6.1.2 and Section 6.2.





6.4. Distribution in Cash. The Employer shall make or commence distribution of the Participant’s
Total Account in cash. The portion of the Participant’s Account credited with Unit Shares of
phantom stock to be distributed as of a Valuation Date shall be converted to a dollar amount based
on the price of ADC Telecommunications, Inc. common stock on the NASDAQ as of the close of the NYSE
on that Valuation Date.



SECTION 7





9






DISTRIBUTION UPON DEATH, DISABILITY OR UNFORESEEABLE EMERGENCY




7.1. Death or Disability Before Separation from Service. If a Participant becomes Disabled or
dies before incurring a Separation from Service, the Employer shall make distribution of the
Participant’s Total Account (reduced by the amount of any applicable payroll, withholding and other
taxes) in a single lump sum to the Participant (or the Participant’s Beneficiary, as applicable) as
of the January 1 next following the Participant’s death or Disability.



7.2. Death or Disability After Separation from Service. If a Participant dies after a Separation
from Service but before distribution of the Participant’s Total Account has been completed, the
remainder of the undistributed Total Account shall be distributed to the Beneficiary in a single
lump sum as of the January 1 next following the Participant’s death. If a Participant becomes
Disabled after Separation from Service but before distribution of the Participant’s Total Account
has been completed, the remainder of the undistributed Total Account shall continue to be
distributed in the same manner as elected under Section 6 for Separation from Service.



7.3. Unforeseeable Emergency After Separation from Service. A Participant other than a Specified
Employee who incurs an Unforeseeable Emergency after Separation from Service but before
distribution of the Participant’s Total Account has commenced may request a withdrawal from such
Participant’s Account. In the event that the Employer, upon written petition of the Participant,
determines in its discretion that the Participant has suffered an Unforeseeable Emergency, the
Employer shall distribute to the Participant as soon as reasonably practicable following such
determination, an amount, not in excess of the value (based on the immediately preceding Valuation
Date) of the Total Account, necessary to satisfy the emergency. This Section 7.3 is effective
January 1, 2008.



7.4. Actual Distribution Dates. Actual distribution shall commence as soon as administratively
practicable after the January 1 benefit distribution date but in all events by the later of:
(i) last day of the taxable year in which the benefit distribution date occurs, or (ii) two and
one-half months after the benefit distribution date.



7.5. Distribution in Cash. The Employer shall make or commence distribution of the Participant’s
Total Account in cash. The portion of the Participant’s Account credited with Unit Shares of
phantom stock to be distributed as of a Valuation Date shall be converted to a dollar amount based
on the price of ADC Telecommunications, Inc. common stock on the NASDAQ as of the close of the NYSE
on that Valuation Date.



7.6. Designation of Beneficiaries.



7.6.1. Right To Designate. Each Participant may designate, upon forms to be furnished by and
filed with the Employer, one or more primary Beneficiaries or alternative Beneficiaries to receive
all of a specified part of the Participant’s Total Account in the event of the Participant’s death.
The Participant may change or revoke any such designation from time to time without notice to or
consent from any Beneficiary or spouse. No such designation, change or revocation shall be
effective unless executed by the Participant and received by the Employer during the Participant’s
lifetime.



7.6.2. Failure of Designation. If a Participant:




	 	(a)	 	fails to designate a Beneficiary,






	 	(b)	 	designates a Beneficiary and thereafter such designation is revoked without
another Beneficiary being named, or






	 	(c)	 	designates one or more Beneficiaries and all such Beneficiaries so
designated fail to survive the Participant,





such Participant’s Total Account, or the part thereof as to which such Participant’s designation
fails, as the case may be, shall be payable to the first class of the following classes of
automatic Beneficiaries with a member surviving the Participant and (except in the case of the
Participant’s surviving issue) in equal shares if there is more than one member in such class
surviving the Participant:




Participant’s surviving spouse


Participant’s surviving issue per stirpes and not per capita


Participant’s surviving parents


Participant’s surviving brothers and sisters


Representative of Participant’s estate.



7.6.3. Disclaimers of Beneficiaries. A Beneficiary entitled to a distribution of all or a
portion of a deceased Participant’s Total Account may disclaim his or her interest therein subject
to the following requirements. To be eligible to disclaim, a Beneficiary must be a natural person,
must not have received a distribution of all or any portion of a Total Account at the time such
disclaimer is executed and delivered, and must have attained at least age twenty-one (21) years as
of the date of the Participant’s death. Any disclaimer must be in writing and must be executed
personally by the Beneficiary before a notary public. A disclaimer shall state that the
Beneficiary’s entire interest in the undistributed Total Account is disclaimed or shall specify
what portion thereof is disclaimed. To be effective, duplicate original copies of the disclaimer
must be both executed and actually delivered to the Employer after the date of the Participant’s
death but not later than nine (9) months after the date of the Participant’s death. A disclaimer
shall be irrevocable when delivered to the Employer. A disclaimer shall be considered to be
delivered to the Employer only when actually received by the Employer. The Employer shall be the
sole judge of the content, interpretation and validity of a purported disclaimer. Upon the filing
of a valid disclaimer, the Beneficiary shall be considered not to have survived the Participant as
to the interest disclaimed. A disclaimer by a Beneficiary shall not be considered to be a transfer
of an interest in violation of the provisions of Section 8 and shall not be considered to be an
assignment or alienation of benefits in violation of federal law prohibiting the assignment or
alienation of benefits under this Plan. No other form of attempted disclaimer shall be recognized
by the Employer.



7.6.4. Definitions. When used in this Section 7.6 and, unless the Participant has otherwise
specified in his or her Beneficiary designation, when used in a Beneficiary designation, “issue”
means all persons who are lineal descendants of the person whose issue are referred to, including
legally adopted descendants and their descendants but not including illegitimate descendants and
their descendants; “child” means an issue of the first generation; “per stirpes” means in equal
shares among living children of the person whose issue are referred to and the issue (taken
collectively) of each deceased child of such person, with such issue taking by right of
representation of such deceased child; and “survive” and “surviving” mean living after the death of
the Participant.



7.6.5. Special Rules. Unless the Participant has otherwise specified in his or her
Beneficiary designation, the following rules shall apply:




	 	(a)	 	If there is not sufficient evidence that a Beneficiary was living at the
time of the death of the Participant, it shall be deemed that the Beneficiary was not
living at the time of the death of the Participant.






	 	(b)	 	The automatic Beneficiaries specified in Section 7.6.2. and the
Beneficiaries designated by the Participant shall become fixed at the time of the
Participant’s death so that, if a Beneficiary survives the Participant but dies
before the receipt of payment due such Beneficiary hereunder, such payment shall be
payable to the representative of such Beneficiary’s estate.






	 	(c)	 	If the participant designates as a Beneficiary the person who is the
Participant’s spouse on the date of the designation, either by name or by
relationship, or both, the dissolution, annulment or the legal termination of
marriage between the Participant and such person shall automatically revoke such
designation. (The foregoing shall not prevent the Participant from designating a
former spouse as a Beneficiary on a form executed by the Participant and received by
the Employer after the date of the legal termination of marriage between the
Participant and such former spouse, and during the Participant’s lifetime.)






	 	(d)	 	Any designation of a nonspouse Beneficiary by name that is accompanied by a
description of relationship to the Participant shall be given effect without regard
to whether the relationship to the Participant exists either then or at the
Participant’s death.






	 	(e)	 	Any designation of a Beneficiary only by Statement of relationship to the
Participant shall be effective only to designate the person or persons standing in
such relationship to the Participant at the Participant’s death.






	 	(f)	 	The employer shall be the sole judge of the content, interpretation and
validity of a purported Beneficiary designation.





7.6.6. Spousal Rights. Prior to the death of the Participant, no spouse of a Participant and
no person designated to be a Beneficiary shall have any rights or interest in the benefits
accumulated under the Plan including, but not limited to, the right to be the sole Beneficiary or
to consent to the designation of Beneficiaries (or the changing of designated Beneficiaries) by the
Participant.



7.7. Facility of Payment. In case of the legal disability, including minority, of a Participant or
Beneficiary entitled to receive any distribution under the Plan, payment shall be made, if the
Employer shall be advised of the existence of such condition:




	 	(a)	 	to the duly appointed guardian, conservator or other legal representative
of such Participant or Beneficiary, or






	 	(b)	 	to a person or institution entrusted with the care or maintenance of the
incompetent or disabled Participant or Beneficiary, provided such person or
institution has satisfied the Employer that the payment will be used for the best
interest and assist in the care of such Participant or Beneficiary, and provided
further, that no prior claim for said payment has been made by a duly appointed
guardian, conservator or other legal representative of such Participant of
Beneficiary.





Any payment made in accordance with the foregoing provisions of this Section shall constitute a
complete discharge of any liability or obligation of the Employer.



SECTION 8





10






SPENDTHRIFT PROVISIONS




No Participant or Beneficiary shall have any transmissible interest in any Account nor shall
any Participant or Beneficiary have any power to anticipate, alienate, dispose of, pledge or
encumber the same while in possession or control of the Employer, nor shall the Employer recognize
any assignment thereof, either in whole or in part, nor shall any Account be subject to attachment,
garnishment, execution following judgment or other legal process while in the possession or control
of the Employer.



The power to designate Beneficiaries to receive the Total Account of a Participant in the event of
the Participant’s death shall not permit or be construed to permit such power or right to be
exercised by the Participant so as thereby to anticipate, pledge, mortgage or encumber the
Participant’s Account or any part thereof, and any attempt of a Participant so to exercise said
power in violation of this provision shall be of no force and effect and shall be disregarded by
the Employer.



This Section shall not prevent the Employer from exercising, in its discretion, any of the
applicable powers and options granted to the Employer upon the occurrence of death, Disability or
Separation from Service of the Participant, as such powers may be conferred upon the Employer by
any provision hereof.



SECTION 9





11






AMENDMENT, TERMINATION AND CHANGE IN CONTROL




9.1. Amendment and Termination. The Compensation Committee hereby reserves the power to
unilaterally amend the Plan Statement and to partially terminate or totally terminate the Plan and
to reduce, suspend or discontinue benefits to the Plan, either prospectively or retroactively or
both; provided that no amendment or termination shall be effective to reduce or divest the Accounts
of any Participant without such Participant’s consent. The Retirement Committee is authorized to
amend the Plan Statement in any respect that does not materially increase the cost of the Plan. If
there is a termination of the Plan with respect to all Participants, the Compensation Committee
shall have the right, in its sole discretion, and notwithstanding any elections made by the
Participant, to amend the Plan to immediately pay all benefits in a lump sum following such Plan
termination, to the extent permissible under Section 409A of the Code and related Treasury
regulations and guidance.



9.2. Change in Control.



9.2.1. Change in Control Defined. For purposes of this Section 9.2, a “Change in Control”
shall mean a “change in the ownership,” “change in effective control,” and/or a “change in the
ownership of a substantial portion of assets” of the Employer as defined under Treasury Regulation
§ 1.409A-3(i)(5).



9.2.2. Amendment. Notwithstanding any other provision of the Plan Statement, during the two
(2) years following the date of a Change in Control, the provisions of the Plan Statement may not
be amended if any amendment would adversely affect the rights, expectancies or benefits provided by
the Plan (as in effect immediately prior to the Change in Control), of any Participant, Beneficiary
or other person entitled to payments under the Plan. The Plan may not be terminated or merged with
any other plan during the same two (2) year period.



9.2.3. Separation from Service. Notwithstanding any other provision of the Plan Statement,
the Total Account of any Participant actively employed on the date of a Change in Control who dies
or incurs a Separation from Service for any reason except for Cause during the two (2) years
following the date of the Change in Control shall be distributed in a single lump-sum cash payment
as soon as administratively feasible after such separation. “Cause” shall mean willful and
continued failure by the employee to perform his duties or gross and willful misconduct including,
but not limited to, wrongful appropriation of funds or the commission of a gross misdemeanor or
felony.



9.2.4. Pending Installment Distributions. Notwithstanding any other provision of this
Section 9, any remaining installments due to any Participant who incurred a Separation from Service
before the date of a Change in Control shall continue to be distributed over the installment term
(and shall not be commuted to a lump sum or otherwise affected by the Change in Control).



9.2.5. Not Amendable. Notwithstanding any other provision of the Plan Statement, this
Section 9.2 may not be amended to decrease any of the benefits which it provides during the two (2)
years following the date of a Change in Control without the affirmative written consent of a
majority in both number and interest of the Participants actively employed on the date of the
Change in Control.



SECTION 10





12






ADMINISTRATION




10.1. Authority. The Plan shall be administered by the Retirement Committee, which shall have
full discretionary power and authority to administer and interpret the Plan and to determine all
factual and legal questions under the Plan, including but not limited to the entitlement of
Participants and Beneficiaries, and the amount of their respective interests. The Retirement
Committee may delegate or redelegate to one or more persons, jointly or severally, and whether or
not such persons are members of the Retirement Committee or employees of the Employer, such
functions assigned to the Retirement Committee hereunder as it may from time to time deem
advisable.



10.2. Liability. No member of the Compensation Committee or Retirement Committee and no director
or member of the management of the Employer shall be liable to any persons for any actions taken
under the Plan, or for any failure to effect any of the objectives or purposes of the Plan, by
reason of insolvency or otherwise.



10.3. Procedures. The Retirement Committee may from time to time adopt such rules and procedures
as it deems appropriate to assist in the administration of the Plan.



10.4. Claim for Benefits. No employee or other person shall have any claim or right to payment of
any amount hereunder until payment has been authorized and directed by the Retirement Committee.



10.5. Claims Procedure. Until modified by the Retirement Committee, the claims procedure set forth
in this Section 10.5 shall be the claims procedure for the resolution of disputes and disposition
of claims arising under the Plan.



10.5.1. Original Claim. Any employee, former employee, or Beneficiary of such employee or
former employee may, if the employee, former employee or Beneficiary so desires, file with the
Retirement Committee a written claim for benefits under the Plan. Within ninety (90) days after
the filing of such a claim, the Retirement Committee shall notify the claimant in writing whether
the claim is upheld or denied in whole or in part or shall furnish the claimant a written notice
describing specific special circumstances requiring a specified amount of additional time (but not
more than one hundred eighty (180) days from the date the claim was filed) to reach a decision on
the claim. If the claim is denied in whole or in part, the Retirement Committee shall state in
writing:




	 	(a)	 	the specific reasons for the denial,






	 	(b)	 	the specific references to the pertinent provisions of this Plan on which
the denial is based,






	 	(c)	 	a description of any additional material or information necessary for the
claimant to perfect the claim and an explanation of why such material or information
is necessary, and






	 	(d)	 	an explanation of the claims review procedure set forth in this Section.





10.5.2. Claims Review Procedure. Within sixty (60) days after receipt of notice that the
claim has been denied in whole or in part, the claimant may file with the Retirement Committee a
written request for a review and may, in conjunction therewith, submit written issues and comments.
Within sixty (60) days after the filing of such a request for review, the Retirement Committee
shall notify the claimant in writing whether, upon review, the claim was upheld or denied in whole
or in part or shall furnish the claimant a written notice describing specific special circumstances
requiring a specified amount of additional time (but not more than one hundred twenty days (120)
from the date the request for review was filed) to reach a decision on the request for review.



10.5.3. General Rules.




	 	(a)	 	No inquiry or question shall be deemed to be a claim or a request for a
review of a denied claim unless made in accordance with the claims procedure. The
Retirement Committee may require that any claim for benefits and any request for a
review of a denied claim be filed on forms to be furnished by the Retirement
Committee upon request.






	 	(b)	 	All decisions on original claims shall be made by the Retirement Committee
and requests for a review of denied claims shall be made by the Retirement Committee.






	 	(c)	 	The Retirement Committee may, in its discretion, hold one or more hearings
on a claim or a request for a review of a denied claim.






	 	(d)	 	Claimants may be represented by a lawyer or other representative at their
own expense, but the Retirement Committee reserves the right to require the claimant
to furnish written authorization of such representation. A claimant’s representative
shall be entitled to copies of all notices given to the claimant.






	 	(e)	 	The decision of the Retirement Committee on an original claim or on a
request for a review of a denied claim shall be served on the claimant in writing.
If a decision or notice is not received by a claimant within the time specified, the
claim or request for a review of a denied claim shall be deemed to have been denied.






	 	(f)	 	Prior to filing a claim or a request for a review of a denied claim, the
claimant or the claimant’s representative shall have a reasonable opportunity to
review a copy of this Plan Statement and all other pertinent documents in the
possession of the Employer and its Affiliates.





10.6. Errors in Computations. The Retirement Committee shall not be liable or responsible for any
error in the computation of any benefit payable to or with respect to any Participant resulting
from any misstatement of fact made by the Participant or by or on behalf of any Beneficiary to whom
such benefit shall be payable, directly or indirectly, to the Retirement Committee, and used by the
Retirement Committee in determining the benefit. The Retirement Committee shall not be obligated
or required to increase the benefit payable to or with respect to such Participant which, on
discovery of the misstatement, is found to be understated as a result of such misstatement of the
Participant. However, the benefit of any Participant which is overstated by reason of any such
misstatement or any other reason shall be reduced to the amount appropriate in view of the truth
(and the Employer shall have the right to recover any prior overpayment).



10.7. Code § 162(m) Delay. If the Retirement Committee reasonably determines that delaying the
time that initial payments are made or commenced would increase the probability that such payments
would be fully deductible for the Employer for federal or state income tax purposes, the Employer
may unilaterally delay the time of the making or commencement of payments until the January 31 of
the calendar year next following the calendar year in which the payments would otherwise be payable
(or such earlier date to the extent required to comply with Section 409A of the Code).



SECTION 11





13






PLAN ADMINISTRATION




11.1. Principal Sponsor.



11.1.1. Compensation Committee. Except as hereinafter provided, functions generally assigned
to the Principal Sponsor shall be discharged by the Compensation Committee or delegated and
allocated as provided herein. Except as hereinafter provided, the Compensation Committee may
delegate and redelegate and allocate and reallocate to one or more persons or to an Employer of
persons jointly or severally, and whether or not such persons are directors, officers or employees,
such functions assigned to the Principal Sponsor hereunder as the Compensation Committee may from
time to time deem advisable. Notwithstanding the foregoing, the Compensation Committee shall have
exclusive authority, which may not be delegated, to act for the Principal Sponsor to terminate this
Plan.



11.1.2. Amendment. The Principal Sponsor reserves the power to amend this Plan Statement in
any respect and either prospectively or retroactively or both:




	 	(a)	 	in any respect by resolution of the Compensation Committee; and






	 	(b)	 	in any respect that does not materially increase the cost of the Plan by
action of the Retirement Committee.





11.2. Conflict of Interest. If any officer or employee of the Employer or any member of the board
of directors of the Employer to whom authority has been delegated or redelegated hereunder shall
also be a Participant in the Plan, the Participant shall have no authority as such officer,
employee or member with respect to any matter specially affecting such Participant’s individual
interest hereunder (as distinguished from the interests of all Participants and Beneficiaries or a
broad class of Participants and Beneficiaries), all such authority being reserved exclusively to
the other officers, employees or members as the case may be, to the exclusion of the Participant
and the Participant shall act only in his individual capacity in connection with any such matter.



11.3. Administrator. The Principal Sponsor shall be the administrator for purposes of
Section 3(16)(A) of ERISA.



11.4. Service of Process. In the absence of any designation to the contrary by the Principal
Sponsor, the Secretary of the Principal Sponsor is designated as the appropriate and exclusive
agent for the receipt of service of process directed to the Plan in any legal proceeding, including
arbitration, involving the Plan.



SECTION 12





14






DISCLAIMERS




12.1. Term of Employment. Neither the terms of the Plan Statement nor the benefits hereunder
nor the continuance thereof shall be a term of the employment of any employee. The Employer shall
not be obliged to continue the Plan.



12.2. Employment. The terms of the Plan Statement shall not give any employee the right to be
retained in the employment of the Employer.



12.3. Source of Payment. Neither the Employer nor any of its officers nor any member of its board
of directors in any way secures or guarantees the payment of any benefit or amount which may become
due and payable hereunder to any Participant or to any Beneficiary or to any creditor of a
Participant or a Beneficiary. Each Participant, Beneficiary or other person entitled at any time
to payments hereunder shall look solely to the assets of the Employer for such payments or to the
Accounts distributed to any Participant or Beneficiary, as the case may be, for such payments. In
each case where Accounts shall have been distributed to a former Participant or a Beneficiary or to
the person or any one of a group of persons entitled jointly to the receipt thereof and which
purports to cover in full the benefit hereunder, such former Participant or Beneficiary, or such
person or persons, as the case may be, shall have no further right or interest in the other assets
of the Employer.



12.4. Guaranty. Neither the Employer nor any of its officers nor any member of its board of
directors shall be under any liability or responsibility for failure to effect any of the
objectives or purposes of the Plan by reason of the insolvency of the Employer.



12.5. Delegation. The Employer and its officers and the members of its board of directors shall
not be liable for an act or omission of another person with regard to a responsibility that has
been allocated to or delegated to such other person pursuant to the terms of the Plan Statement or
pursuant to procedures set forth in the Plan Statement.




15