# EDGAR Filing Document

**Accession Number:** 0001030894
**File Stem:** 0001104659-25-071861
**Filing Date:** 2025-7
**Character Count:** 175766
**Document Hash:** abd7501cf3242e80b1c7bdf10599408a
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001104659-25-071861.hdr.sgml**: 20250730

**ACCESSION NUMBER**: 0001104659-25-071861

**CONFORMED SUBMISSION TYPE**: S-8

**PUBLIC DOCUMENT COUNT**: 19

**FILED AS OF DATE**: 20250730

**DATE AS OF CHANGE**: 20250729

**EFFECTIVENESS DATE**: 20250730

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** CELESTICA INC
- **CENTRAL INDEX KEY:** 0001030894
- **STANDARD INDUSTRIAL CLASSIFICATION:** PRINTED CIRCUIT BOARDS [3672]
- **ORGANIZATION NAME:** 04 Manufacturing
- **EIN:** 980185558
- **STATE OF INCORPORATION:** A6
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** S-8
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 333-289066
- **FILM NUMBER:** 251163645

**BUSINESS ADDRESS:**
- **STREET 1:** 5140 YONGE STREET, SUITE 1900
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M2N 6L7
- **BUSINESS PHONE:** 416-448-5800

**MAIL ADDRESS:**
- **STREET 1:** 5140 YONGE STREET, SUITE 1900
- **CITY:** TORONTO
- **STATE:** A6
- **ZIP:** M2N 6L7

As filed with the Securities and Exchange Commission on July 29, 2025

**Registration No. 333-**

**UNITED STATES<br> SECURITIES AND EXCHANGE COMMISSION**

**Washington, D.C. 20549**

**Form S-8**

**REGISTRATION STATEMENT**

***UNDER<br> THE SECURITIES ACT OF 1933***

**CELESTICA INC.**

**(Exact name of registrant as specified in its charter)**

---

| | | |
|:---|:---|:---|
| **Ontario, Canada** | **5140 Yonge Street, Suite 1900**<br> **Toronto, Ontario, Canada M2N 6L7**<br> **(Address of principal executive offices)** | **98-0185558** |
| **(State or other jurisdiction of<br> incorporation or organization)** |  | **(I.R.S. Employer<br> Identification No.)** |
|  | **The Corporation Trust Company**<br> **Corporation Trust Center**<br> **1209 Orange Street**<br> **Wilmington, DE 19801**<br> **(302) 658-7581**<br>|  |
| **(Name and address of agent for service)** | **(Name and address of agent for service)** | **(Name and address of agent for service)** |

---

**CELESTICA LLC SUPPLEMENTAL EXECUTIVE**

**RETIREMENT PLAN**

**CELESTICA LLC 2025 EXECUTIVE COMPENSATION DEFERRAL PLAN**

**Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of "large accelerated filer," "accelerated filer," and "smaller reporting company" in Rule 12b-2 of the Exchange Act.**

Large accelerated filer ⌧ Accelerated filer ◻ <br> Non-accelerated filer ◻ Smaller reporting company ◻ <br> Emerging growth company ◻

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 7(a)(2)(B) of the Securities Act.

**EXPLANATORY NOTE**

This Registration Statement on Form S-8 is being filed for the purpose of registering, with respect to the Celestica LLC Supplemental Executive Retirement Plan and the Celestica LLC 2025 Executive Compensation Deferral Plan (collectively, the "Plans"), (i) $15,000,000 of unsecured obligations of Celestica Inc. (the "Registrant") to pay deferred compensation obligations in the future in accordance with the terms of the Celestica LLC Supplemental Executive Retirement Plan and (ii) $10,000,000 of unsecured obligations of the Registrant to pay deferred compensation obligations in the future in accordance with the terms of the Celestica LLC 2025 Executive Compensation Deferral Plan.

**PART I**

**INFORMATION REQUIRED IN SECTION 10(a) PROSPECTUS**

The document(s) containing the information specified in Part I of Form S-8 will be sent or given to employees participating in the Plans as specified by Rule 428(b)(1) of the Securities Act of 1933, as amended (the "Securities Act"). Such documents are not required to be, and are not, filed with the Securities and Exchange Commission (the "Commission") either as part of this Registration Statement or as prospectuses or prospectus supplements pursuant to Rule 424 of the Securities Act. Those documents and the documents incorporated by reference into this Registration Statement pursuant to Item 3 of Part II, taken together, constitute a prospectus that meets the requirements of Section 10(a) of the Securities Act.

**PART II**

**INFORMATION REQUIRED IN THE REGISTRATION STATEMENT**

**Item 3. Incorporation of Documents by Reference.**

The following documents, which previously have been filed by the Registrant with the Commission, are incorporated herein by reference and made a part hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1. [Annual Report on Form 10-K for the year ended December 31, 2024 filed with the Commission on March 3, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/1030894/000103089425000014/cls-20241231.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2. [Definitive Proxy Statement on Schedule 14A filed with the Commission on April 29, 2025](https://www.sec.gov/ix?doc=/Archives/edgar/data/1030894/000103089425000036/cls-20250428.htm) (solely to the extent specifically incorporated by reference into our [Annual Report on Form 10-K for the fiscal year ended December 31, 2024)](https://www.sec.gov/ix?doc=/Archives/edgar/data/1030894/000103089425000014/cls-20241231.htm) ;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3. [Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, filed with the Commission on April 24, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/1030894/000103089425000028/cls-20250331.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4. [Quarterly Report on Form 10-Q for the quarter ended June 30, 2025, filed with the Commission on July 28, 2025;](https://www.sec.gov/ix?doc=/Archives/edgar/data/1030894/000103089425000047/cls-20250630.htm)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5. All other reports and other documents subsequently filed by the Registrant pursuant to Sections 13(a), 13(c), 14 and 15(d) of
the Securities Exchange Act of 1934 (the " <u>Exchange Act</u> ") prior to the filing of a post-effective amendment which indicates
that all securities offered have been sold or which deregisters all securities then remaining unsold, shall be deemed to be incorporated
by reference herein and to be a part of this Registration Statement from the date of the filing of such reports and documents.

For purposes of this Registration Statement, any document or any statement contained in a document incorporated or deemed to be incorporated herein by reference shall be deemed to be modified or superseded to the extent that a subsequently filed document or a statement contained herein or in any other subsequently filed document which also is or is deemed to be incorporated herein by reference modifies or supersedes such document or such statement in such document. Any statement so modified or superseded shall not be deemed, except as so modified or superseded, to constitute a part of this Registration Statement.

**Item 4. Description of Securities.**

Not applicable.

**Item 5. Interests of Named Experts and Counsel.**

Not applicable.

**Item 6. Indemnification of Directors and Officers.**

Under the Business Corporations Act (Ontario), a registrant may indemnify a present or former director or officer or a person who acts or acted at the registrant's request as a director or officer, or an individual acting in a similar capacity, of another entity, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by that individual in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of that association with the registrant or other entity; provided that the individual acted honestly and in good faith with a view to the best interests of the registrant or, as the case may be, to the best interests of such other entity and, in the case of a criminal or administrative action or proceeding that is enforced by a monetary penalty, had reasonable grounds for believing that the individual's conduct was lawful. Such indemnification may be made in connection with a derivative action only with court approval. An individual is entitled to indemnification from a registrant as a matter of right if the individual was not judged by a court or other competent authority to have committed any fault or omitted to do anything that the individual ought to have done and the individual fulfilled the conditions set forth above. Under such Act, a registrant may advance money to a director, officer or other individual for the costs, charges and expenses of a proceeding referred to above, but the individual must repay the money if the individual does not fulfil the conditions set forth above.

In accordance with and subject to the Business Corporations Act (Ontario), the by-laws of the Registrant provide for indemnification of a director or officer of the Registrant, a former director or officer of the Registrant, or a person who acts or acted at the Registrant's request as a director or officer, or an individual acting in a similar capacity, of another entity, and such person's heirs and legal representatives, against all costs, charges and expenses, including an amount paid to settle an action or satisfy a judgment, reasonably incurred by such person in respect of any civil, criminal, administrative, investigative or other proceeding in which the individual is involved because of that association with the Registrant or other entity, if such person acted honestly and in good faith with a view to the best interests of the Registrant or, as the case may be, to the best interests of the other entity for which such person acted as a director or officer or in a similar capacity at the Registrant's request. Also, the by-laws provide that the Registrant may advance money to a director, officer or other person for the costs, charges and expenses of a proceeding referred to above, but the person shall repay the money if the person does not fulfill the conditions set forth above.

**Item 7. Exemption from Registration Claimed.**

Not applicable.

**Item 8. Exhibits.**

---

| | |
|:---|:---|
| **EXHIBIT <br> NUMBER** | **DESCRIPTION** |
| [4.1\*](tm2521378d1_ex4-1.htm) | [Celestica LLC Supplemental Executive Retirement Plan, effective May 1, 2010 (filed herewith).](tm2521378d1_ex4-1.htm) |
| [4.2\*](tm2521378d1_ex4-2.htm) | [Celestica LLC 2025 Executive Compensation Deferral Plan, effective July 1, 2025 (filed herewith).](tm2521378d1_ex4-2.htm) |
| [5.1\*](tm2521378d1_ex5-1.htm) | [Opinion of Stikeman Elliott.](tm2521378d1_ex5-1.htm) |
| [23.1\*](tm2521378d1_ex5-1.htm) | [Consent of Stikeman Elliott (included in Exhibit 5.1).](tm2521378d1_ex5-1.htm) |
| [23.2\*](tm2521378d1_ex23-2.htm) | [Consent of KPMG LLP, independent registered public accounting firm.](tm2521378d1_ex23-2.htm) |
| [24.1\*](#a_001) | [Powers of Attorney (included on the signature page of this Registration Statement).](#a_001) |
| [107.1\*](tm2521378d1_ex-filingfees.htm) | [Filing Fee Table.](tm2521378d1_ex-filingfees.htm) |

---

\* Filed herewith.

**Item 9. Undertakings.**

(a) The undersigned registrant hereby undertakes:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this registration statement:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) To include any prospectus required by Section 10(a)(3) of the Securities Act;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To reflect in the prospectus any facts or events arising after the effective date of this registration statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in this registration statement; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) To include any material information with respect to the plan of distribution not previously disclosed in the registration statement or any material change to such information in the registration statement;

*provided*, *however*, paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed with or furnished to the Commission by the registrant pursuant to Section 13 or 15(d) of the Exchange Act that are incorporated by reference in this registration statement.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(2) That, for the purpose of determining any liability under the Securities Act, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.

(b) The undersigned registrant hereby undertakes that, for purposes of determining any liability under the Securities Act, each filing of the registrant's annual report pursuant to Section 13(a) or 15(d) of the Exchange Act (and, where applicable, each filing of an employee benefit plan's annual report pursuant to Section 15(d) of the Exchange Act) that is incorporated by reference in the registration statement shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial *bona fide* offering thereof.

(c) Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers and controlling persons of the registrant pursuant to the foregoing provisions, or otherwise, the registrant has been advised that in the opinion of the SEC such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the registrant of expenses incurred or paid by a director, officer or controlling person of the registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Securities Act and will be governed by the final adjudication of such issue.

**SIGNATURES**

Pursuant to the requirements of the Securities Act, the registrant certifies that it has reasonable grounds to believe that it meets all the requirements for filing on Form S-8 and has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of Toronto, Province of Ontario, Country of Canada, on the 29<sup>th</sup> day of July, 2025.

---

| | |
|:---|:---|
|  | **CELESTICA INC.** |
| By: | /s/ Robert A. Mionis |
|  | Robert A. Mionis |
|  | President and Chief Executive Officer |

---

**POWER OF ATTORNEY**

KNOW ALL PERSONS BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Robert A. Mionis, Mandeep Chawla and Douglas Parker, and each of them, as such individual's true and lawful attorney in fact and agent with full power of substitution, for such individual in any and all capacities, to sign any and all amendments to this Registration Statement on Form S-8 (including post-effective amendments), and to file the same, with all exhibits thereto and other documents in connection therewith, with the Commission, granting unto said attorney in fact, proxy and agent full power and authority to do and perform each and every act and thing requisite and necessary to be done in connection therewith, as fully for all intents and purposes as he or she might or could do in person, hereby ratifying and confirming all that said attorney in fact, proxy and agent, or the individual's substitute, may lawfully do or cause to be done by virtue hereof.

Pursuant to the requirements of the Securities Act, this registration statement has been signed by the following persons in the capacities and on the dates indicated. This document may be executed in counterparts that when so executed shall constitute one registration statement, notwithstanding that all of the undersigned are not signatories to the original of the same counterpart.

---

| | | |
|:---|:---|:---|
| **SIGNATURE** | **TITLE** | **DATE** |
| /s/ Robert A. Mionis | Director, President and Chief Executive Officer | July 29, 2025 |
| Robert A. Mionis | (Principal Executive Officer) |  |
| /s/ Mandeep Chawla | Chief Financial Officer | July 29, 2025 |
| Mandeep Chawla | (Principal Financial Officer and principal accounting officer) |  |
| /s/ Michael M. Wilson | Chair of Board and Director | July 29, 2025 |
| Michael M. Wilson |  |  |
| /s/ Kulvinder (Kelly) Ahuja | Director | July 29, 2025 |
| Kulvinder (Kelly) Ahuja |  |  |
| /s/ Robert A. Cascella | Director | July 29, 2025 |
| Robert A. Cascella |  |  |
| /s/ Christopher W. Colpitts | Director | July 29, 2025 |
| Christopher W. Colpitts |  |  |
| /s/ Françoise Colpron | Director | July 29, 2025 |
| Françoise Colpron |  |  |
| /s/ Jill Kale | Director | July 29, 2025 |
| Jill Kale |  |  |
| /s/ Amar Maletira | Director | July 29, 2025 |
| Amar Maletira |  |  |
| /s/ Luis A. Müller | Director | July 29, 2025 |
| Luis A. Müller |  |  |

---

## Exhibit 4.1

**Exhibit 4.1**

**CELESTICA CORPORATION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN**

**(Celestica Corporation converted from a Corporation to a Limited Liability Company**

**under the name Celestica LLC on December 28, 2010).**

Effective Date: May 1, 2010

**CELESTICA CORPORATION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN**

**Table of Contents**

---

| | | |
|:---|:---|:---|
|  | Article I |  |
|  | INTRODUCTION |  |
| 1.1. | Name | 1 |
| 1.2. | Effective Date | 1 |
| 1.3. | Purpose | 1 |
|  | Article II |  |
|  | DEFINITIONS |  |
| 2.1 | Account | 1 |
| 2.2 | Administrator | 1 |
| 2.3 | Affiliate | 1 |
| 2.4 | Beneficiary | 1 |
| 2.5 | Board | 2 |
| 2.6 | Change In Control | 2 |
| 2.7 | Change in Ownership | 2 |
| 2.8 | Code | 2 |
| 2.9 | Committee | 2 |
| 2.10 | Company | 2 |
| 2.11 | Compensation | 2 |
| 2.12 | Deemed Investment Option | 3 |
| 2.13 | Eligible Employee | 3 |
| 2.14 | ERISA | 3 |
| 2.15 | Participant | 3 |
| 2.16 | Participating Employer | 3 |
| 2.17 | Plan Year | 3 |
| 2.18 | Qualified Default Investment Alternative | 3 |
| 2.19 | Qualified 401(k) Plan | 3 |
| 2.20 | Retirement Contribution | 3 |
| 2.21 | Separation From Service | 3 |
| 2.22 | Supplemental Plan | 4 |
|  | Article III |  |
|  | PARTICIPATION & VESTING |  |
| 3.1. | Participation | 4 |
| 3.2. | Cessation of Participation | 4 |
| 3.3. | Vesting | 4 |

---

---

| | | |
|:---|:---|:---|
|  | Article IV |  |
|  | RETIREMENT CONTRIBUTIONS |  |
| 4.1. | Retirement Contribution | 4.0 |
| 4.2. | Termination as an Active Participant | 5.0 |
|  | Article V |  |
|  | DISTRIBUTIONS |  |
| 5.1. | Time of Payment | 5.0 |
| 5.2. | Form of Payment | 5.0 |
| 5.3. | Permissible Acceleration of Payment | 6.0 |
| 5.4. | Permissible Delay of Payment | 6.0 |
|  | Article VI |  |
|  | FUNDING AND INVESTMENTS |  |
| 6.1. | Supplemental Plan Unfunded | 7.0 |
| 6.2. | Establishment of Grantor Trust | 7.0 |
| 6.3. | Participant's Interest in the Supplemental Plan | 8.0 |
| 6.4. | Returns on Account | 8.0 |
| 6.5. | Deemed Investment Options | 8.0 |
| 6.6. | Changes in Deemed Investment Options | 8.0 |
| 6.7. | Valuation of Account | 8.0 |
|  | Article VII |  |
|  | ADMINISTRATION AND INTERPRETATION |  |
| 7.1. | Administration | 8.0 |
| 7.2. | Delegation | 9.0 |
| 7.3. | Interpretation | 9.0 |
| 7.4. | Records and Reports | 9.0 |
| 7.5. | Payment of Expenses | 9.0 |
| 7.6. | Participant Legal Expenses | 9.0 |
| 7.7. | Indemnification for Liability | 10.0 |
| 7.8. | Claims Procedure | 10.0 |
| 7.9. | Review Procedure | 10.0 |
| 7.10. | Incompetency of Participant or Beneficiary | 11.0 |
| 7.11. | Disclosure to Participants | 11.0 |
| 7.12. | Participant and Beneficiary Information | 11.0 |

---

ii

---

| | | |
|:---|:---|:---|
|  | Article VIII |  |
|  | AMENDMENT, TERMINATION AND CONTINUATION |  |
| 8.1. | Amendment | 11.0 |
| 8.2. | Termination | 12.0 |
| 8.3. | Continuation | 13.0 |
|  | Article IX |  |
|  | MISCELLANEOUS PROVISIONS |  |
| 9.1. | Right of Employer to Take Employment Actions | 13.0 |
| 9.2. | Alienation or Assignment of Benefits | 13.0 |
| 9.3. | Right to Withhold | 13.0 |
| 9.4. | Severability | 14.0 |
| 9.5. | Headings | 14.0 |
| 9.6. | Number and Gender | 14.0 |
| 9.7. | Limitation of Liability | 14.0 |
| 9.8. | Controlling Law; Severability | 14.0 |
| 9.9. | Section 409A | 14.0 |

---

iii

**CELESTICA CORPORATION SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN**

**Article I**

**<u>INTRODUCTION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1. <u>Name</u>. The name of this plan is the Celestica Corporation Supplemental Executive Retirement Plan (the "**Supplemental Plan**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.2. <u>Effective Date</u>. The effective date of the Supplemental Plan is May 1, 2010. (the "**Effective Date**")

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.3. <u>Purpose</u>. This Supplemental Plan is established and maintained by the Celestica Corporation ("**Celestica**") for the purposes of providing a select group of management employees with a Retirement Contribution credit on an Eligible Employee's total Compensation including compensation in excess of the limit imposed under the Qualified 401(k) Plan. Celestica intends that the Supplemental Plan shall at all times be maintained on an unfunded basis for federal income tax purposes under the Code and administered as a non-qualified "top-hat" plan exempt from the substantive requirements of ERISA. Celestica also intends that the Supplemental Plan be operated and maintained in accordance with the requirements of §409A of the Code and the regulations and rulings thereunder.

**Article II**

**<u>DEFINITIONS</u>**

Whenever the following initially capitalized words and phrases are used in the Supplemental Plan, they shall have the meanings specified below unless the context clearly indicates to the contrary:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 "**Account**" shall mean, with respect to each Participant, the value of the notional account maintained on behalf of such Participant, whether attributable to Retirement Contribution credits or any returns on Deemed Investment Options credited thereon as described in Section 6.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 "**Administrator**" shall mean the Committee designated by the Board of Directors of the Company, and any successor thereto, or such individual(s) or entity designated by the Committee to administer the Plan. In the absence of such designation, the Board shall be the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 "**Affiliate**" means an entity, more than fifty percent (50%) of the total voting power of which is owned, directly or indirectly, by the Company or which owns directly or indirectly more than fifty percent (50%) of the total voting power of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 "**Beneficiary**" shall mean such person(s) or legal entity that is designated by a Participant under the Supplemental Plan to receive benefits hereunder after such Participant's death. In the event a Participant fails to designate a Beneficiary, or if all designated Beneficiaries predecease the Participant, the Beneficiary shall be determined in accordance with Section 7.12.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 "**Board**" shall mean the Board of Directors of Celestica Corporation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 "**Change In Control**" means and shall be deemed to occur upon a Change in Ownership, a Change in Effective Control, or a Change in Ownership of Substantial Assets. For this purpose:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.7 A "**Change in Ownership**" means that a person or group acquires more than fifty percent (50%) of the aggregate fair market value or voting power of the capital stock of the Company, including for this purpose capital stock previously acquired by such person or group; provided, however, that a Change in Ownership shall not be deemed to occur hereunder if, at the time of any such acquisition, such person or group owns more than fifty percent (50%) of the aggregate fair market value or voting power of the Company's capital stock.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) A "**Change in Effective Control**" means that (a) a person or group acquires (or has acquired during the immediately preceding twelve (12)-month period ending on the date of the most recent acquisition by such person or group) ownership of the capital stock of the Company possessing thirty percent (30%) or more of the total voting power of the Company, or (b) a majority of the members of the Board of the Company is replaced during any twelve (12)-month period, whether by appointment or election, without endorsement by a majority of the members of the Board prior to the date of such appointment or election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) A "**Change in Ownership of Substantial Assets**" means that any person or group acquires (or has acquired during the immediately preceding twelve (12)-month period ending on the date of the most recent acquisition) assets of the Company with an aggregate gross fair market value of not less than forty percent (40%) of the aggregate gross fair market value of the assets of the Company immediately prior to such acquisition. For this purpose, gross fair market value shall mean the fair value of the affected assets determined without regard to any liabilities associated with such assets.

The Board shall determine whether a Change in Control has occurred hereunder in a manner consistent with the provisions of Code Section 409A and the regulations issued thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.8 "**Code**" means the Internal Revenue Code of 1986, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.9 "**Committee**" shall mean a Committee of the Board (or any successor thereto) or its delegate appointed to administer the Supplemental Plan. If no members have been appointed to the Committee, the Board shall act as the Committee.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.10 "**Company**" shall mean Celestica Corporation, a Delaware Corporation ("**Celestica**").

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.11 "**Compensation**" shall mean, for each Participant, the base salary, the Celestica Team Incentive (CTI) and any other discretionary bonuses (that is approved by the Chief Legal and Administrative Officer to be includible as "Compensation" for purposes of this Plan) paid to an Eligible Employee while a Participant by the Company or any Participating Employer for a Plan Year. Notwithstanding the preceding sentence, any Eligible Employee who becomes a Participant in the Plan at the time it is first implemented in 2010, Compensation as defined in this Section shall include all such Compensation paid in 2010.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.12 "**Deemed Investment Option**" shall mean some or all of the investment options designated under the Qualified 401(k) Plan and approved by the Committee, as may be changed from time to time. Each Participant shall designate the Deemed Investment Options pursuant to which deemed earnings (or losses) shall be credited to the Participant's Account in accordance with Article VI. In the event a Participant does not affirmatively elect a Deemed Investment Option, the Participant's Account will be deemed to be invested in the Qualified Default Investment Alternative.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.13 "**Eligible Employee**" shall mean an individual who is employed by the Company or a Participating Employer as a vice president or a higher position in the United States and who is specifically designated by the Chief Legal and Administrative Officer or the Committee as eligible to participate in the Supplemental Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.14 "**ERISA**" means the Employee Retirement Income Security Act of 1974, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.15 "**Participant**" shall mean an individual who is an Eligible Employee, has commenced participation in the Plan as provide in Section 3.1, and who has not ceased participation in the Supplemental Plan in accordance with the terms of Article III hereof. In the event of the death or incompetency of a Participant, the term shall mean the Participant's personal representative or guardian. An individual shall remain a Participant until that individual has received full distribution of any amount credited to the Participant's Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.16 "**Participating Employer**" shall mean any Affiliate which adopts the Supplemental Plan with the permission of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.17 "**Plan Year**" shall mean the calendar year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.18 "**Qualified Default Investment Alternative**" shall mean the investment option designated under the Qualified 401(k) Plan as the default investment for Qualified 401(k) Plan participants who have been given the opportunity to make an investment election but failed to provide investment direction for their Qualified 401(k) Plan account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.19 "**Qualified 401(k) Plan**" shall mean the Celestica 401(k) Retirement Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.20 "**Retirement Contribution**" shall mean the amount credited under the Supplemental Plan which shall be determined in accordance with Article 4.1 of the Supplemental Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.21 "**Separation From Service**" means a Participant's separation from service with the Company or its Affiliates within the meaning of §409A of the Code and the regulations issued thereunder.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.22 "**Supplemental Plan**" shall mean this Celestica Corporation Supplemental Executive Retirement Plan.

**Article III**

**<u>PARTICIPATION & VESTING</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1. <u>Participation</u>. Participation in the Supplemental Plan is limited to Eligible Employees. Except for those Eligible Employees designated by the Chief Legal and Administrative Officer to become Participants as of the Effective Date, an individual shall become eligible to participate under the Supplemental Plan for a Plan Year as of the first day of the first payroll period commencing at least thirty (30) days following the date the Employee is designated as an Eligible Employee. An individual shall remain an Eligible Employee each Plan Year thereafter until the earlier of (i) his or her Separation From Service, (ii) the date he or she is no longer an Eligible Employee, or (iii) termination of the Supplemental Plan. .

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2. <u>Cessation of Participation</u>. A Participant who experiences a Separation from Service with the Company and who no longer has any amounts credited in his Account will cease participation hereunder. A Participant who has completed thirty (30) years of employment with the Company, any Affiliate and/or any previous employer acquired (either through asset or stock sale) by the Company or an Affiliate shall cease participating in the Plan at the end of the calendar year in which his or her 30<sup>th</sup> year of employment falls. For purposes of this Section 3.2, a Participant's years of employment shall be measured in the same manner as years of service for vesting purposes under the Qualified 401(k) Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3. <u>Vesting</u>. A Participant's nonforfeitable percentage in his or her Retirement Contribution under the Supplemental Plan shall be zero (0) and will become fully vested (100%) when the Participant has completed two (2) years of continuous employment with the Company and/or Participating Employer; such period of employment to be measured from his or her date of employment with the Company or Participating Employer. In addition, a Participant shall become fully vested (100%) upon death or disability (as determined under the Company's long term disability plan for all employees). A Participant shall become fully vested (100%) if, within the three (3)-year period immediately following a Change In Control: (i) the Plan is terminated and the Participant is still employed by the Company or a Participating Employer on the date of such Plan termination, or (ii) the Company terminates the Participant's employment for reasons other than gross or willful misconduct.

**Article IV**

**<u>RETIREMENT CONTRIBUTIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1. <u>Retirement Contribution</u>. For each Plan Year, each Eligible Employee shall be entitled to a Retirement Contribution equal to eight (8) percent of his or her Compensation minus the safe harbor contribution actually made on his or her behalf under the Qualified 401(k) Plan and the maximum matching contribution potentially available under the Qualified 401(k) Plan regardless of whether such Eligible Employee received such matching contribution. Notwithstanding the preceding sentence, for any Participant who is eligible for a Retirement Contribution based only on Compensation for part of the Plan Year, the reductions for non-elective and potential matching contributions shall be adjusted downward to reflect only those contributions made or potentially available under the Qualified 401(k) Plan after he or she became a Participant in the Plan. Any Retirement Contribution credited under this Section 4.4 will be credited to the Participant's Account as soon as administratively practicable or such other time(s) as the Committee may determine in its sole discretion.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2. <u>Termination as an Active Participant</u>. An Eligible Employee who has a Separation From Service shall not be eligible to receive any further Retirement Contributions after the date of Separation from Service.

**Article V**

**<u>DISTRIBUTIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1. <u>Time of Payment</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Separation from Service</u>. Unless a Participant makes an election in accordance with subsection (b), below, distributions of a Participant's vested Account balance will commence upon the date that is six months after the date the Participant incurs a Separation From Service. Any delayed payments during this six-month period shall include any earnings or returns on Deemed Investment Options credited thereon as described in Section 6.4.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>One Year Delay</u>. If a Participant elects on or before the date he commences participation in the Supplemental Plan, distribution of a Participant's vested Account balance will commence in the year after the Participant's Separation From Service, provided that payment will commence no earlier than the date that is six months after the date the Participant incurs a Separation From Service. Any delayed payments during this period shall include any earnings or returns on Deemed Investment Options credited thereon as described in Section 6.4.

The actual payment to a Participant shall be based on the value of his or her Account as of the last day of the month immediately preceding payment to the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2. <u>Form of Payment</u>. All distributions under the Supplemental Plan shall be paid in cash in the form of either a lump sum or up to three (3) annual installments as elected by the Participant. If annual installments are elected, the second annual installment shall be paid on February 1<sup>st</sup> in the Plan Year that immediately follows the Plan Year in which the first annual installment was paid and each succeeding annual installment shall be paid on each applicable February 1<sup>st</sup> thereafter. The form of payment must be elected by the Participant prior to becoming a Participant as provided in Section 3.1. In the event a Participant fails to make an initial election to choose a form of payment by the deadline described in the preceding sentence, such participant shall be deemed to have made an initial election to receive payment in the form of a lump sum upon Separation from Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3. <u>Permissible Acceleration of Payment</u>. No acceleration of the time or schedule of payments under the Supplemental Plan shall be permitted except as set forth in this Article 5.3 or as otherwise permitted under the Supplemental Plan and Code Section 409A(a)(3).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Change In Control</u>. Notwithstanding any provision of the Supplemental Plan to the contrary, a Participant who incurs a Separation From Service within two (2) years following the date of a Change in Control shall receive a lump sum payment of his or her vested Account balance within the time period provided in Section 5.1.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) <u>Death</u>. Notwithstanding any provision of the Plan to the contrary, in the event of a Participant's death before the complete distribution of his or her Account, the remainder of such Participant's Account shall be paid in a lump sum to the Participant's Beneficiary by the first day of the third calendar month immediately following the date of death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Right of Offset</u>. If a Participant is indebted to the Company or a Participating Employer, the Administrator, in its discretion, may accelerate and withhold a payment hereunder or withhold the amount of such indebtedness from any distribution to be made to the Participant, his or her Beneficiary or both, provided that (i) such debt was incurred in the ordinary course of the employment relationship between the Company or a Participating Employer and the Participant, (ii) the entire amount of reduction for a Plan Year does not exceed $5,000, and (iii) the reduction is made at the same time and in the same amount as the debt otherwise would have been due and collected from the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) <u>Distribution for Taxes</u>. The Administrator may accelerate payment of all or part of a Participant's Account to pay state, local, or foreign tax obligations and/or taxes imposed under the Federal Insurance Contributions Act and any related federal income tax thereon, arising from a Participant's participation in the Supplemental Plan. Such payment or withholding must be limited to the amount necessary to fulfill such tax obligation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) <u>Small Payment</u>. Notwithstanding any provision of the Supplemental Plan to the contrary, if the total value of a Participant's Account payable hereunder is not greater than the applicable dollar amount under Code Section 402(g)(1)(B), and the Participant is not entitled to a benefit from any other plan that is required to be aggregated with this Supplemental Plan pursuant to Treasury Regulation §1.409A-1(c)(2), the Administrator may distribute such amount to the Participant or Beneficiary in the form of a lump sum payment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) <u>Income Inclusion under 409A</u>. Notwithstanding any provision of the Supplemental Plan to the contrary, in the event that the Plan fails to meet the requirements of Code Section 409A and the regulations thereunder, the Administrator may distribute to any affected Participants the lesser of: (i) the portion of his or her Accounts that is required to be included in income as a result of such failure, and (ii) his or her unpaid vested Account balance.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4. <u>Permissible Delay of Payment</u>. The Administrator may delay payment to a date after the designated payment date pursuant to any of the following circumstances, provided that payments to similarly situated Participants are made on a reasonably consistent basis.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Payments subject to Section 162(m). All scheduled payments to a Participant may be delayed beyond the applicable distribution date under Section 5.1 herein to the extent that the Company reasonably anticipates that if all or a portion of a payment were made as scheduled, the Company's deduction with respect to such payment would not be permitted due to the application of Code Section 162(m). Any payment that is delayed pursuant to this Section 5.4(a), must be made either during the first calendar year in which the Company reasonably anticipates, or should reasonably anticipate, that if the payment is made during such year, deduction of such payment will not be barred by application of Code Section 162(m), or during the period beginning with the date of the Participant's Separation From Service and ending on the later of the last day of the calendar year in which Separation From Service occurs or the fifteenth (15th) day of the third (3rd) month following the calendar year in which such Separation From Service occurs.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Payments that would violate federal securities laws or other applicable law. A payment may be delayed where the Administrator reasonably anticipates that the making of the payment will violate federal securities laws or other applicable law, provided that the payment is made at the earliest date at which the Administrator reasonably anticipates that the making of the payment will not cause such violation. For purposes of this Section 5.4(b), the making of a payment that would cause inclusion in gross income or the application of any penalty provision or other provision of the Code is not treated as a violation of applicable law.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) Other events and conditions. The Administrator may delay a payment upon such other events and conditions as permitted under Code Section 409A.

**Article VI**

**<u>FUNDING AND INVESTMENTS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.2. <u>Establishment of Grantor Trust</u>. If not already in existence and fully funded, prior to a Change In Control, the Company shall establish under the Supplemental Plan a grantor trust that meet the requirements of IRS Revenue Procedure 92-64, and shall transfer assets to such trust in amounts sufficient to fully fund the Supplemental Plan's aggregate liability with respect to the Accounts under the Supplemental Plan on and after the date of the Change In Control. Any Participating Employer's obligation under the Supplemental Plan may be satisfied with assets of any such grantor trust (either before or after a Change of Control), and any such payment shall reduce such Employer's obligation under this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.3. <u>Participant's Interest in the Supplemental Plan</u>. A Participant has an interest only in the contributions to be made pursuant to the Supplemental Plan. A Participant has no rights or interests in any specific funds, stock or securities. Nothing in the Supplemental Plan shall be interpreted as a guaranty that any funds in a grantor trust or the assets of the Company will be sufficient to pay any such contribution credit. All distributions shall be paid by the Company or Participating Employer from its general assets and a Participant (or his or her Beneficiary) shall have the rights of a general, unsecured creditor against the Company or the Participating Employer for any distributions due hereunder. The Plan constitutes a mere promise by the Company or the Participating Employer to make benefit payments in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.4. <u>Returns on Account</u>. A Participant's Account shall be credited with returns in accordance with the Deemed Investment Options elected by the Participant on a daily basis. The rate of return, positive or negative, credited under each Deemed Investment Option is based upon the actual investment performance of the investment fund(s) approved by the Committee from time to time, and shall equal the total return of such investment fund net of asset based charges, including, without limitation, money management fees, fund expenses and mortality and expense risk insurance contract charges.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.5. <u>Deemed Investment Options</u>. Notwithstanding that the rates of return credited to Participants' Account under the Deemed Investment Options are based upon the actual performance of the investment funds approved by the Committee, the Company shall not be obligated to invest any Retirement Contributions credited under the Supplemental Plan, or any other amounts, in such portfolios or in any other investment funds.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.6. <u>Changes in Deemed Investment Options</u>. A Participant may change the Deemed Investment Options to which the Participant's Account are deemed to be allocated in the same frequency in effect under the Qualified 401(k) Plan or on such other basis as determined by the Committee in its sole discretion. Each such change may include (a) reallocation of the Participant's existing Account in whole percentages of not less than one percent, and/or (b) change in the allocation of amounts to be credited to the Participant's Account in the future.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;6.7. <u>Valuation of Account</u>. The value of a Participant's Account as of any date shall equal the amounts theretofore credited to such Account, including any earnings (positive or negative) deemed to be earned on such Account in accordance with Section 6.4 through the day preceding such date, less the amounts theretofore deducted from such Account.

**Article VII**

**<u>ADMINISTRATION AND INTERPRETATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.1. <u>Administration</u>. The Administrator shall be in charge of the overall operation and administration of the Supplemental Plan. The Administrator has, to the extent appropriate and in addition to the powers described elsewhere in the Supplemental Plan, full discretionary authority to construe and interpret the terms and provisions of the Supplemental Plan; to calculate the amount of any distribution; to adopt, alter and repeal administrative rules, guidelines and practices governing the Supplemental Plan; to perform all acts, including the delegation of its administrative responsibilities to advisors or other persons who may or may not be employees of the Company and/or its Affiliates; and to rely upon the information or opinions of legal counsel or experts selected to render advice with respect to the Supplemental Plan, as it shall deem advisable, with respect to the administration of the Supplemental Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.2. <u>Delegation</u>. The Administrator may delegate specific responsibilities to other persons or entities as the Administrator shall determine. The Administrator may authorize one or more of its number, or any agent, to execute or deliver any instrument or to make any payment in its behalf. The Administrator may employ and rely on the advice of counsel, accountants, and such other persons as may be necessary in administering the Supplemental Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.3. <u>Interpretation</u>. Nothing in the Supplemental Plan shall be interpreted or operated in a manner that may affect the terms and provisions of any Qualified 401(k) Plan. The Administrator may take any action, correct any defect, supply any omission or reconcile any inconsistency in the Supplemental Plan, or in any election hereunder, in the manner and to the extent it shall deem necessary to carry the Supplemental Plan into effect or to carry out the Company's purposes in adopting the Supplemental Plan. Any decision, interpretation or other action made or taken in good faith by or at the direction of the Company or the Administrator arising out of or in connection with the Supplemental Plan, shall be within the absolute discretion of each of them, and shall be final, binding and conclusive on the Company, all Participants and Beneficiaries and their respective heirs, executors, administrators, successors and assigns. The Administrator's determinations hereunder need not be uniform, and may be made selectively among Eligible Employees, whether or not they are similarly situated.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.4. <u>Records and Reports</u>. The Administrator or any delegate shall keep a record of proceedings and actions and shall maintain or cause to be maintained all such books of account, records, and other data as shall be necessary for the proper administration of the Supplemental Plan. Such records shall contain all relevant data pertaining to individual Participants and their rights under the Supplemental Plan. The Administrator shall have the duty to carry into effect all rights or benefits provided hereunder to the extent assets of the Company are properly available.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.5. <u>Payment of Expenses</u>. The Company shall bear all expenses incurred by the Administrator in administering this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.6. <u>Participant Legal Expenses</u>. If, after a Change In Control, a claim or dispute arises concerning the rights of a Participant or Beneficiary to benefits under the Supplemental Plan, regardless of the party by whom such claim or dispute is initiated, the Company shall, upon presentation of appropriate vouchers, pay all legal expenses, including reasonable attorneys' fees, court costs, and ordinary and necessary out-of-pocket costs of attorneys, billed to and payable by the Participant or by anyone claiming under or through the Participant (such person being hereinafter referred to as the "**Participant's Claimant**"), in connection with the bringing, prosecuting, defending, litigating, negotiating, or settling of such claim or dispute; provided, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Participant or the Participant's Claimant shall repay to the Company any such expenses theretofore paid or advanced by the Company if and to the extent that the party disputing the Participant's rights obtains a judgment in its favor from a court of competent jurisdiction from which no appeal may be taken, whether because the time to do so has expired or otherwise,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) In the case of any claim or dispute initiated by a Participant or the Participant's Claimant, such claim shall be made, or notice of such dispute given, with specific reference to the provisions of this Plan, to the Administrator within two (2) years after the occurrence of the event giving rise to such claim or dispute; provided further, that

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The Participant submits the voucher to the Company for reimbursement within 180 days of the expense being incurred.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.7. <u>Indemnification for Liability</u>. The Company shall indemnify the Administrator and the employees of the Company to whom the Administrator delegates duties under the Supplemental Plan, against any and all claims, losses, damages, expenses and liabilities arising from their responsibilities in connection with the Supplemental Plan, unless the same is determined to be due to gross negligence or willful misconduct.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.8. <u>Claims Procedure</u>. Within ninety (90) days following the date payment was due in accordance with the terms of the Supplemental Plan, the Participant or the Participant's duly authorized representative (hereinafter, the "**claimant**") may file a written request for payment with the Administrator. If a claim for benefits under the Supplemental Plan is denied in whole or in part, the claimant will receive written notification within forty-five (45) days following the date of such written request. The notification will include specific reasons for the denial, specific reference to pertinent provisions of this Supplemental Plan, a description of any additional material or information necessary to process the claim and why such material or information is necessary, and an explanation of the claims review procedure. To the extent a Participant hereunder is a claimant and serves as an Administrator, he or she shall not participate in any determination relating to his or her claim, and the Committee or the Company may appoint an independent individual to take the place of such Participant for purposes of making such determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.9. <u>Review Procedure</u>. No later than ninety (90) days following the date payment was due under the Supplemental Plan, the claimant may file a written request with the Administrator for a review of his denied claim. The claimant may review pertinent documents that were used in processing his claim, submit pertinent documents, and address issues and comments in writing to the Administrator. The Administrator will notify the claimant of his or her final decision in writing. In his or her response, the Administrator will explain the reason for the decision, with specific references to pertinent Supplemental Plan provisions on which the decision was based. To the extent a Participant hereunder is a claimant requesting a review and serves as an Administrator, he or she shall not participate in any determination relating to the review, and the Committee or the Company may appoint an independent individual to take the place of such Participant for purposes of making such determination. In no event may a claimant commence legal action for benefits the claimant believes are due the claimant until the claimant has exhausted all of the remedies and procedures afforded the claimant by this Article VII. No such legal action may be commenced more than two (2) years after the date of the Administrator's final review decision, described in this Section 7.9.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.10. <u>Incompetency of Participant or Beneficiary</u>. The Company may from time to time establish rules and procedures which it determined to be necessary for the proper administration of the Supplemental Plan and the benefits payable to an individual in the event that the individual is declared incompetent and a conservator or other person legally charged with such individual's care is appointed. Except as otherwise provided herein, when the Company determines that such individual is unable to manage his or her financial affairs, the Company may pay such individual's benefits to such conservator, person legally charged with such individual's care, or institution then contributing toward or providing for the care and maintenance of such individual. Any such payment shall constitute a complete discharge of any liability of the Company, any Participating Employer and the Supplemental Plan for such individual.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.11. <u>Disclosure to Participants</u>. Each Participant shall receive either a description or a copy of the Supplemental Plan at the Committee's discretion and the Company will make available for inspection by any Participant or designated Beneficiary a copy of the rules and regulations used by the Company in administering the Supplemental Plan, and, upon a Participant's or designated Beneficiary's written request, a copy of the plan document if one was not distributed.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;7.12. <u>Participant and Beneficiary Information</u>. Each Participant shall keep the Administrator informed of his or her current address and the current address of his or her designated beneficiary or beneficiaries. A Participant may from time to time change his designated Beneficiary without the consent of such Beneficiary by filing a new designation in writing with the Administrator. If no Beneficiary designation is in effect at the time of the Participant's death, or if the designated Beneficiary is missing or has predeceased the Participant, distribution shall be made to the Participant's surviving spouse, or if none, to his surviving children per stirpes, and if none, to his estate. The Administrator shall not be obligated to search for any person. If such person is not located within one year after the date on which payment of the Participant's death benefit is payable under the Plan, payment shall be made to the Participant's estate.

**Article VIII**

**<u>AMENDMENT, TERMINATION AND CONTINUATION</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1. <u>Amendment</u>. Except as provided below, the Committee shall have the right, at any time, to amend or terminate the Supplemental Plan in whole or in part. Any amendment or termination of the Supplemental Plan shall comply with the requirements of §409A of the Code. No amendment may be made to the Supplemental Plan that (i) adversely affects the right of any Participant or Beneficiary to a benefit or payment due under the Plan, or (ii) after a Change in Control, changes the Deemed Investment Options, without the written approval of any Participants or Beneficiaries who have elected to have their Account deemed invested in such options. The Company may at any time recommend amendments to the Supplemental Plan to the Committee. If the Supplemental Plan is discontinued with respect to future contribution credits, notional Account balances shall be distributed in accordance with Article V and shall only be accelerated to provide for an earlier commencement date in the sole discretion of the Committee and in compliance with §409A of the Code and its regulations thereunder. In the event the Company or any Participating Employer discontinues future participation in the Supplemental Plan, the Company and/or the Participating Employer, as applicable, shall continue to be responsible for returns on Participant and Beneficiary Accounts (determined in accordance with Section 6.4) until such Accounts are fully distributed in accordance with the terms of the Supplemental Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2. <u>Termination</u>. The Board may take action to provide for the acceleration of the time and form of a payment, or a payment hereunder, where the acceleration of the payment is made pursuant to a termination and liquidation of the Supplemental Plan in accordance with one of the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The termination and liquidation of the Plan pursuant to an irrevocable action taken within the thirty (30) days preceding or the twelve (12) months following a Change In Control, provided that all agreements, methods, programs, and other arrangements sponsored by the Company or a Participating Employer immediately after the Change In Control event with respect to which deferrals of compensation that, together with the Supplemental Plan, are treated as a single plan for purposes of Treasury Regulation §1.409A-1(c)(2) (the "**Aggregated Plans**") are terminated and liquidated with respect to each Participant that experienced the Change In Control event, so that under the terms of the termination and liquidation all such Participants are required to receive all amounts of compensation deferred under the terminated Aggregated Plans within twelve (12) months of the date of the irrevocable action taken to terminate and liquidate such Aggregated Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The termination and liquidation of the Supplemental Plan within twelve (12) months of a corporate dissolution of the Company that is taxed under Code Section 331, or approved by a bankruptcy court pursuant to 11 U.S.C. § 503(b)(1)(A), provided that the amounts deferred under the Supplemental Plan are included in the Participants' gross incomes in the latest of the following years (or, if earlier, the taxable year in which the amount is actually or constructively received):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) The calendar year in which Supplemental Plan termination and liquidation occurs;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) The first calendar year in which the amount is no longer subject to a substantial risk of forfeiture; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) The first calendar year in which the payment is administratively practicable.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) The termination and liquidation of the Supplemental Plan, where:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Such termination and liquidation does not occur proximate to a downturn in the financial health of the Company or a Participating Employer, as applicable;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) To the extent the same Participant had deferrals of thereunder, all Aggregated Plans are likewise terminated and liquidated;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) No payments in liquidation of the Plan are made within twelve (12) months of the date the irrevocable action is taken to terminate and liquidate the Plan, other than payments that would be payable under the terms of the Plan if the action to terminate and liquidate the Plan had not occurred;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iv) All payments are made within twenty-four (24) months of the date the irrevocable action is taken to terminate and liquidate the Plan; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(v) The Company and Participating Employer, as applicable, does not adopt a new plan that would be aggregated with the Plan if the Participant participated in both plans, at any time within three years following the date the irrevocable action is taken to terminate and liquidate the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any other termination and liquidation event that is permissible under Code Section 409A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3. <u>Continuation</u>. This Supplemental Plan may be continued after a sale of the assets of the Company or a merger or consolidation of the Company into or with another corporation or entity if and to the extent that the transferee, purchaser or successor entity agrees to continue the Supplemental Plan. If the transferee, purchaser or successor entity does not continue the Supplemental Plan, then the Supplemental Plan shall be terminated in accordance with the provisions of Section 8.2 of this Article VIII.

**Article IX**

**<u>MISCELLANEOUS PROVISIONS</u>**

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1. <u>Right of Employer to Take Employment Actions</u>. The adoption and maintenance of the Supplemental Plan shall not be deemed to constitute a contract between the Company (including its Affiliates) and any Eligible Employee, nor to be a consideration for, nor an inducement or condition of, the employment of any person. Nothing herein contained, or any action taken hereunder, shall be deemed to give any Eligible Employee the right to be retained in the employ of the Company or its Affiliates or to interfere with the right of the Company or its Affiliates to discharge any Eligible Employee at any time, nor shall it be deemed to give to the Company or its Affiliates the right to require the Eligible Employee to remain in the employ of the Company or any of its Affiliates, nor shall it interfere with the Eligible Employee's right to terminate his or her employment at any time. Nothing in the Supplemental Plan shall prevent the Company or any Affiliate from amending, modifying, or terminating any other benefit plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2. <u>Alienation or Assignment of Benefits</u>. A Participant's rights and interest under the Supplemental Plan shall not be assigned or transferred except as otherwise provided herein, and the Participant's rights to payments under the Supplemental Plan shall not be subject to alienation, pledge or garnishment by or on behalf of creditors (including heirs, beneficiaries, or dependents) of the Participant or of a Beneficiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.3. <u>Right to Withhold</u>. To the extent required by law in effect at the time a distribution is made from the Supplemental Plan, the Company, its Affiliates or the agents of the foregoing shall have the right to withhold or deduct from any payments any taxes required to be withheld by federal, state or local governments.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.4. <u>Severability</u>. If any provision of the Supplemental Plan is held unenforceable, the remainder of the Supplemental Plan shall continue in full force and effect without regard to such unenforceable provision and shall be applied as though the unenforceable provision were not contained in the Supplemental Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.5. <u>Headings</u>. The headings of the Articles and Sections of the Supplemental Plan are for reference only. In the event of a conflict between a heading and the contents of an Article or Section, the contents of the Article or Section shall control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.6. <u>Number and Gender</u>. Whenever any words used herein are in the singular form, they shall be construed as though they were also used in the plural form in all cases where they would so apply, and references to the male gender shall be construed as applicable to the female gender where applicable, and vice versa.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.7. <u>Limitation of Liability</u>. Notwithstanding any provision herein to the contrary, neither the Company, the Committee nor any individual acting as employee or agent of the Company shall be liable to any Participant, former Participant, Beneficiary, or any other person for any claim, loss, liability or expense incurred in connection with the Supplemental Plan, unless attributable to fraud or willful misconduct on the part of the Company, the Committee or any such agent of the Company.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.8. <u>Controlling Law; Severability</u>. Except to the extent superseded by any Federal law, the Supplemental Plan is created and shall be interpreted under the laws of the State of New York; provided, however, that if any provision is susceptible to more than one interpretation, it shall be interpreted in a manner consistent with the Supplemental Plan being a nonqualified "top hat" plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.9. <u>Section 409A</u>. The Supplemental Plan is intended to comply with the applicable requirements of §409A of the Code and its corresponding regulations and related guidance, and shall be administered in accordance with and interpreted to comply with §409A of the Code to the extent §409A of the Code applies to the Supplemental Plan. Notwithstanding anything in the Supplemental Plan to the contrary, elections to defer Compensation, as applicable, to the Supplemental Plan, and distributions from the Supplemental Plan, may only be made in a manner and upon an event permitted by §409A of the Code. To the extent that any provision of the Supplemental Plan would cause a conflict with the requirements of §409A of the Code, or would cause the administration of the Supplemental Plan to fail to satisfy the requirements of §409A of the Code, such provision shall be deemed null and void to the extent permitted by applicable law. For purposes of the limitations on nonqualified deferred compensation under §409A of the Code, each payment of compensation under the Supplemental Plan shall be treated as a separate payment of compensation for purposes of applying the deferral election rules under §409A of the Code and the exclusion from §409A of the Code for certain short-term deferral amounts. Further, any reimbursements or in-kind benefits provided under the Supplemental Plan shall be made or provided in accordance with the requirements of §409A of the Code, including, where applicable, the requirement that (i) any reimbursement is for expenses incurred during the period of time specified in the Supplemental Plan, (ii) the amount of expenses eligible for reimbursement, or in-kind benefits provided, during a calendar year may not affect the expenses eligible for reimbursement, or in-kind benefits to be provided, in any other calendar year, (iii) the reimbursement of an eligible expense will be made no later than the last day of the calendar year following the year in which the expense is incurred, and (iv) the right to reimbursement or in-kind benefits is not subject to liquidation or exchange for another benefit.

\* \* \* \* \*

## Exhibit 4.2

**Exhibit 4.2**

**CELESTICA LLC**

**2025 EXECUTIVE COMPENSATION DEFERRAL PLAN**

Article 1<br> Purpose of Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;1.1 This Plan is sponsored and maintained by the Sponsor for the benefit of a select group of the Company's and its Affiliates' management and highly compensated employees within the meaning of ERISA Sections 201(2), 301(a)(3), and 401(a)(1). The Plan, which is intended to constitute an unfunded deferred compensation plan, is to enhance the Company's ability to attract, retain and motivate key service providers who make important contributions to the Company. The Plan was approved by the board to be effective July 1, 2025.

Article 2<br> ELIGIBILITY TO PARTICIPATE.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.1 <u>Selection for Participation in the Plan</u>. Only Eligible Individuals, who are selected for participation in this Plan by the Administrator and who are notified that they are selected for participation shall be eligible to become a Participant in this Plan. The Administrator shall not select any individual for participation unless the Administrator determines that such individual is a member of a select group of management or highly compensated employees (as that expression is used under ERISA).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2 <u>Enrollment Requirements</u>. As a condition of participation, each selected individual who is eligible to participate in this Plan as of the first day of a Plan Year shall complete, execute and return to the Administrator an election form prior to the first day of such Plan Year, or such earlier deadline as may be established by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.1 Notwithstanding the foregoing, a selected individual who first becomes eligible to participate in this
Plan (and all other like-type plans of the Sponsors, Employers and their Affiliates that are required to be aggregated for purposes of
Section 409A) after the first day of a Plan Year must complete these requirements with respect to deferrals of Base Compensation
within 30 days after such individual first becomes eligible to participate in the Plan, or within such earlier deadline as may be established
by the Administrator, in its sole discretion, in order to participate for such period. In such event, such individual's participation
in the Plan will commence as soon as administratively feasible after he or she elects to participate in the Plan, and such individual
shall be permitted to defer under this Plan the portion of such individual's Base Compensation that is earned with respect to services
performed on and after such individual's participation commencement date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.2 Each selected individual who is eligible to participate in the Plan shall commence participation in the
Plan only after such individual has met all enrollment requirements set forth in the Plan and required by the Administrator, including,
without limitation, returning all required documents to the Administrator within the specified time period. Notwithstanding the foregoing,
the Administrator shall process such Participant's deferral elections as soon as administratively feasible after such deferral elections
are received by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.2.3 If an individual fails to meet all requirements contained in this <u>Section 2.2</u> within the period required, such individual will not be eligible to participate in the Plan during such Plan Year. For the avoidance of
doubt, neither this <u>Section 2.2</u> nor any other provision of this Article <u>2</u> shall be construed to permit a Participant
who ceases to be an Eligible Individual and in a subsequent Plan Year again becomes an Eligible Individual to participate before the beginning
of the Plan Year following the Plan Year in which he or she again becomes an Eligible Individual, unless such Participant is rehired following
a termination of employment in which event <u>Section 2.3</u> shall govern.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3 <u>Special Eligibility Rule for Former Participants</u>. If a Participant terminates employment with the Employer and its applicable Affiliates and such Participant is subsequently rehired by an Employer as an Eligible Individual, then:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.1 If the Participant is rehired in the same Plan Year as the Plan Year in which the Participant terminated
employment, then the Participant's deferral elections for the Plan Year (if any) shall be automatically reinstated and shall apply
to all compensation received after rehire (including Base Compensation received in the remainder of the Plan Year and Incentive Awards
earned during the Plan Year but paid in a subsequent Plan Year); or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.3.2 If the Participant is rehired in a subsequent Plan Year, and is selected for participation in this Plan
by the Administrator, and either:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) has been paid all amounts deferred under this Plan (and all other like-type plans of the Sponsors, Employers
and all Affiliates which are required to be aggregated for purposes of Section 409A), and on and before the date of the last payment
was not eligible to continue (or elect to continue) to participate in this Plan (and all other like-type plans of the Sponsors, Employers
and all Affiliates which are required to be aggregated for purposes of Section 409A) for periods after the last payment, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) has not been eligible to participate in this Plan (or any other like-type plan of any Sponsor, Employer
or applicable Affiliate that is required to be aggregated with the Plan for purposes of Section 409A) at any time during the 24-month
period ending on the date such employee is selected for participation in the Plan, other than by the accrual of earnings,

then the Administrator may designate that such individual will be allowed to re-enter the Plan as a Participant as of a fixed prospective date that is other than the first day of a Plan Year so long as that prospective date is within 30 days of selection. Such individual will be subject to the same enrollment requirements as any other selected individual who first becomes eligible to participate in the Plan after the first day of a Plan Year as provided in <u>Section 2.2</u>. A Participant whose employment is transferred to an Affiliate that has not adopted the Plan (or any other like-type plan that is required to be aggregated with the Plan for purposes of Section 409A) and who otherwise meets the requirements of this <u>Section 2.3</u> shall be treated as incurring a Separation from Service.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.4 <u>Special Rule for Certain Employees of Acquired Companies</u>. If an employee of any company that is acquired by a Sponsor, Employer or an applicable Affiliate (an "***Acquired Company***"): (a) is an Eligible Individual; (b) has not been eligible to participate in any account balance deferred compensation plan that is required to be aggregated with the Plan for purposes of Section 409A (other than by the accrual of earnings) at any time during the 24-month period ending on the date such employee is selected for participation in the Plan; and (c) is selected for participation in the Plan by the Administrator, the Administrator may designate that such employee shall be allowed to enter the Plan as a Participant as of a fixed prospective date that is other than the first day of a Plan Year so long as that prospective date is within 30 days of selection. Such employee shall be subject to the same enrollment requirements as any other selected employee who first becomes eligible to participate in the Plan after the first day of a Plan Year as provided in <u>Section 2.2</u>. The Administrator may establish additional rules and procedures relating to employees of acquired companies that are participating, or are eligible to participate, in a deferred compensation plan at the time of acquisition, including rules governing the circumstances which a deferral election made under an Acquired Company's plan shall be deemed to have been made under this Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.5 <u>Termination of Participation</u>. If an individual selected for participation in the Plan for one Plan Year is not selected for a subsequent Plan Year, no further deferrals shall be made by or for such individual in that subsequent Plan Year. If an individual selected for participation in this Plan ceases to be a member of a select group of management or highly compensated employees (as that expression is used under ERISA), such individual's deferral elections shall be cancelled as of the first day of the Plan Year beginning after such individual ceases to be a member of a select group of management or highly compensated employees; <u>provided</u> that, any deferral election made with respect to an Incentive Award earned during a prior Plan Year will continue to apply even if the Incentive Award is payable after the first day of such Plan Year. In the event that a Participant is no longer eligible to defer compensation under this Plan, the Participant's Account shall continue to be governed by the terms of the Plan until such time as the Participant's Account is paid in accordance with the terms of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;2.6 <u>Special Rule for Non-US Participants</u>. If an individual is compensated by a Company Affiliate located outside of the United States, and such compensation is paid outside of the United States (a "***Non-US Participant***"), such individual will not be eligible to participate in the Plan. If a Participant becomes a Non-US Participant, any compensation paid by such Affiliate shall not be included in his or her Incentive Awards, Equity Awards or Base Compensation for purposes of <u>Article 3</u>, and the last sentence of <u>Section 2.5</u> shall apply to such Participant as if he or she had ceased to be a member of a select group of management or highly compensated employees. If an otherwise Eligible Individual ceases to be a Non-US Participant during a Plan Year, and is or becomes employed within the United States as an Eligible Individual, such individual will be subject to the same enrollment requirements as any other selected individual who first becomes eligible to participate in the Plan after the first day of a Plan Year as provided in <u>Section 2.2</u>. Notwithstanding the foregoing, an individual who is compensated both by an Employer located within the United States and an Affiliate located outside of the United States during the same period, may continue to be, or, if otherwise eligible, may become, a Participant, but only compensation paid within the United States shall be included in his or her Incentive Awards, Equity Awards or Base Compensation. For purposes of this <u>Section 2.6</u>, any territory or possession of the United States that is not subject to Code will be considered to be outside of the United States.

Article 3<br> INCENTIVE DEFERRAL OPTION AND SALARY DEFERRAL OPTION PLAN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1 <u>Incentive Deferral Option</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.1 <u>Amount of Deferrals</u>. A Participant may elect to defer up to 100% of such Participant's Incentive
Awards. To be effective for an Incentive Award paid during a Plan Year, the deferral election must be received by the Administrator prior
to the first day of the Plan Year in which the Incentive Award is earned. Such election shall be irrevocable for the Plan Year with respect
to which it is made once it has been accepted by the Administrator. Effective as of 30 days after Plan adoption, a Participant who first
becomes eligible to participate in the Plan on or after the first day of a Plan Year will not be eligible to defer any portion of his
or her Incentive Award earned during the Plan Year during which he or she becomes eligible to participate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.2 <u>Crediting to Accounts</u>. The Administrator shall cause to be credited to the Account of each Participant
the amount, if any, of such Participant's voluntary deferrals of any Incentive Awards under <u>Section 3.1.1</u>. Such amount
shall be credited as soon as administratively feasible after the day such Incentive Award would otherwise have been paid to the Participant
and shall be fully vested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.1.3 <u>Matching Credits</u>. Commencing with Incentive Awards earned in the second Plan Year, matching amounts
may be credited with respect to the portion of such Incentive Awards that is deferred if, and only if, the Administrator, in its sole
discretion, affirmatively declares that matching amounts shall be credited (and the amount of such matching amounts, if any). Such matching
amounts shall be credited as soon as administratively feasible on or after the day the related deferral of the Incentive Award is credited,
or in the case of Incentive Awards earned in 2025 and thereafter, as soon as administratively feasible after the Administrator determines
the amount of such matching contributions, if any, and in either case shall be fully vested (except as otherwise determined by the Administrator
in the case of matching contributions made with respect to Incentive Awards earned in 2026 and thereafter).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2 <u>Salary Deferral Option</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.1 <u>Amount of Deferrals</u>. A Participant may elect to defer up to 50% of such Participant's Base
Compensation for a Plan Year. To be effective for a Plan Year, the deferral election must be received by the Administrator prior to the
first day of the Plan Year (or such earlier deadline designated by the Administrator). Such election shall be irrevocable for the Plan
Year with respect to which it is made once it has been accepted by the Administrator. If a Participant first becomes eligible to participate
in the Plan after the first day of such Plan Year, the Participant's deferral election shall apply with respect to Base Compensation
paid for services to be performed after the deferral election is received by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.2 <u>Crediting to Accounts</u>. The Administrator shall cause to be credited to the Account of each Participant
the amount, if any, of such Participant's voluntary deferrals of salary or other pay under <u>Section 3.2.1</u>. Such amount
shall be credited as soon as administratively feasible after the day such salary or other pay would otherwise have been paid to the Participant
and shall be fully vested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.2.3 <u>Matching Credits</u>. Commencing with Base Compensation paid in the second Plan Year, matching amounts
may be credited with respect to the portion of such Base Compensation that is deferred if, and only if, the Administrator, in its sole
discretion, affirmatively declares that matching amounts shall be credited (and the amount of such matching amounts, if any). Such matching
amounts shall be credited as soon as administratively feasible on or after the day the related deferral of the Base Compensation is credited,
or as soon as administratively feasible after the Administrator determines the amount of such matching contributions, if any, and in either
case shall be fully vested (except as otherwise determined by the Administrator).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3 <u>Equity Award Deferral Option</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3.1 <u>Amount of Deferrals</u>. Subject to the prior approval of the Administrator, a Participant may elect
to defer up to 100% of such Participant's Equity Awards. To the extent permitted under Section 409A and the Treasury Regulations
related thereto, the deferral election must be received by the Administrator prior to the first day of the Plan Year in which the Equity
Award is granted (or for Equity Awards that are performance-based, at least 12 months prior to the end of the applicable performance period).
Such election shall be irrevocable once it has been accepted by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3.2 <u>Crediting to Accounts</u>. The Administrator shall cause to be credited to the Account of each Participant
the amount, if any, of such Participant's voluntary deferrals of any Equity Awards under <u>Section 3.3.1</u>. Such amount
shall be credited as soon as administratively feasible after the day such Equity Award would otherwise have been paid to the Participant,
and shall be fully vested.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.3.3 <u>No Matching Credits</u>. No matching amounts shall be credited for deferrals of Equity Awards under <u>Section 3.3.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.4 <u>Sponsor Discretionary Supplements</u>. Upon written notice to one or more Participants and to the Administrator, the Administrator may determine that additional amounts shall be credited to the Accounts of such Participants. Such notice shall also specify the date of such crediting. Notwithstanding <u>Article 6</u>, such notice may also establish vesting rules for such amounts, in which case separate Accounts shall be established for such amounts for such Participants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;3.5 <u>Limitation on Deferrals</u>. Notwithstanding any other provision of this Plan, any amount deferred by a Participant from any paycheck shall not exceed the amount that would accommodate current payment of all required withholdings from such paycheck.

Article 4<br> CREDITS FROM MEASURING INVESTMENTS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1 <u>Designation of Investments by Participants</u>. Through any written or electronic means approved by the Administrator, each Participant shall designate the following "Measuring Investments," which shall be used to determine the value of such Participant's Account (until changed as provided herein):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.1 One or more Measuring Investments for the current Account balance, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.1.2 One or more Measuring Investments for amounts that are credited to the Account in the future.

The Accounts and such Measuring Investments are specified solely as a device for computing the amount of benefits to be paid by the Sponsors under the Plan, and the Sponsors are not required to purchase such investments. The Measuring Investments shall be listed in the enrollment guide for the Plan. Participants may change the Measuring Investment designations for their Accounts as of any business date of the Plan Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.2 <u>Selection and Change of Available Measuring Investments</u>. The Administrator shall have the exclusive authority to select the Measuring Investments that are available to be designated by Participants, and may remove or replace Measuring Investments, or add to the list of available Measuring Investments, at any time in its sole discretion. All Measuring Investments shall reflect a rate of return that does not exceed either the rate of return on a predetermined actual investment or a reasonable rate of interest, as determined under Treasury Regulation §31.3121(v)-1(d)(2)(i)(A). The Administrator may designate the Measuring Investment that will be used for Participants who fail to make an effective designation pursuant to <u>Section 4.1</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;4.3 <u>Operational Rules for Measuring Investments</u>. The Administrator shall adopt rules specifying the Measuring Investments, the circumstances under which a particular Measuring Investment may be elected, the minimum or maximum amount or percentage of an Account that may be allocated to a Measuring Investment, the procedures for making or changing Measuring Investment elections, the extent (if any) to which Beneficiaries of deceased Participants may make Measuring Investment elections and the effect of a Participant's or Beneficiary's failure to make an effective Measuring Investment election with respect to all or any portion of an Account. Notwithstanding the foregoing, any rules or revision with respect to deemed investment in Company common stock elections by a Section 16 Officer shall be made only by the Board.

Article 5<br> OPERATIONAL RULES.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.1 <u>Operational Rules for Deferrals</u>. A Participant's elections to defer compensation under Article <u>3</u> that are made for a Plan Year shall apply to such Plan Year and to any subsequent Plan Year, unless the terms of the election materials for such subsequent Plan Year specify that the prior Plan Year's election shall not remain in effect, or the Participant makes an affirmative election for such Plan Year. Whether an election made in a prior enrollment period will apply to a subsequent Plan Year will be specified in the applicable election materials for such subsequent Plan Year. If a Participant's pay after deferrals is not sufficient to cover pre-tax and after-tax benefit payroll deductions, and tax or other payroll withholding requirements, the Participant's deferrals shall be reduced to the extent necessary to meet such requirements.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.2 <u>Establishment of Accounts</u>. There shall be established for each Participant an unfunded, bookkeeping Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.3 <u>Adjustment of Accounts</u>. The Administrator shall cause the value of each Account to be increased (or decreased) from time to time for additions distributions, investment gains (or losses) and expenses charged to the Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;5.4 <u>Accounting Rules</u>. The Administrator may adopt (and revise) accounting rules for adjustment of the Accounts.

Article 6<br> VESTING OF ACCOUNTS.

Any discretionary matching amounts credited to the Account of any Participant under <u>Sections 3.4</u>, 3.2.3 and <u>3.4</u> shall be fully vested and nonforfeitable at the end of the five-year period from the date of contribution (except for any special vesting rules that apply to Sponsors discretionary supplements under <u>Section 3.4</u>). All amounts deferred by a Participant are fully vested and non-forfeitable upon deferral.

Article 7<br> SPENDTHRIFT PROVISION.

Participants and Beneficiaries shall have no power to transfer any interest in an Account nor shall any Participant or Beneficiary have any power to anticipate, alienate, dispose of, pledge or encumber the same while it is in the possession or control of the Sponsors, nor shall the Administrator recognize any assignment thereof, either in whole or in part, nor shall the Account be subject to attachment, garnishment, execution following judgment or other legal process (including without limitation any domestic relations order, whether or not a "qualified domestic relations order" under Section 414(p) of the Code and Section 206(d) of ERISA) before the Account is distributed to the Participant or Beneficiary.

The power to designate Beneficiaries to receive the Account of a Participant in the event of such 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 such Participant's Account or any part thereof. Any attempt by a Participant to so exercise said power in violation of this provision shall be of no force and effect and shall be disregarded by the Administrator.

Article 8<br> DISTRIBUTIONS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1 <u>Time of Distribution to Participant</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.1 <u>General Rule</u>. Upon a Participant's Separation from Service, the Sponsor shall commence payment
of such Participant's Account (reduced by the amount of any applicable payroll, withholding and other taxes) in the form and at
the time designated by the Participant pursuant to <u>Section 8.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.2 <u>No Application for Distribution Required</u>. A Participant's Account shall be distributed automatically
following the Participant's Separation from Service. A Participant shall not be required to apply for distribution.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.1.3 <u>Effect of Reemployment</u>. If a Participant is re-employed by the Employer or an Affiliate after Separation
from Service, distribution of the Participant's Account shall be made in the manner described in <u>Section 8.2</u> and shall
not be suspended as a result of the Participant's reemployment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2 <u>Form of Distribution</u>. Distribution of the Participant's Account shall be made in whichever of the following forms as the Participant shall have designated at the time of his or her enrollment (as described in <u>Section 8.3</u>):

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.1 <u>Lump Sum</u>. In the form of a single lump sum. The amount of such distribution shall be determined
as soon as administratively feasible as of a Valuation Date following the Plan Year in which the Participant experienced a Separation
from Service, and shall be actually paid to the Participant as soon as practicable after such determination (but not later than March 15
following such Plan Year).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.2 <u>Installments</u>. In the form of a series of five or ten annual installments. If a Participant elects
to receive payments in the form of installments, then pursuant to Section 409A and the Treasury Regulations issued thereunder (and
for purposes of the re-election provisions in <u>Section 8.4.3</u>), the series of installment payments shall be treated as the entitlement
to a single payment (rather than a series of separate payments). The amount of the first installment will be determined as soon as administratively
feasible as of a Valuation Date following the Plan Year in which the Participant experienced a Separation from Service, and shall be actually
paid to the Participant as soon as practicable after such determination (but not later than the last day of the February following
such Plan Year). The amount of future installments will be determined as soon as administratively feasible following the end of each later
Plan Year. The amount of each installment shall be determined by dividing the Account balance as of the Valuation Date as of which the
installment is being paid, by the number of remaining installment payments to be made (including the payment being determined). Such installments
shall be actually paid as soon as practicable after each such determination (but not later than March 15 following such Plan Year).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.2.3 <u>Six-Month Delay</u>. If the Participant is a Specified Employee on the date of the Participant's
Separation from Service, distribution shall be delayed until the later of (i) the date otherwise provided above, or (ii) the
earlier of (A) the first business day of the seventh month following the month in which occurs the Participant's Separation
from Service and (B) the date of the Participant's death. All amounts that would otherwise have been paid prior to such date
shall be paid as soon as practicable after such date, and the timing of payment of any subsequent installments shall be determined without
regard to this <u>Section 8.2.3</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3 <u>Election of Form of Distribution by Participant</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3.1 <u>Initial Enrollment</u>. Through any written or electronic means approved by the Administrator, each
Participant shall elect at the time of initial enrollment in the Plan whether distribution shall be made (as described in <u>Section 8.2</u>)
in either (a) an immediate lump sum or (b) five or ten annual installments. Such election shall apply with respect to distribution
of that portion of the Participant's Account attributable to deferrals and matching credits (if any) for the Participant's
initial year of participation in the Plan and any investment gains or losses on such deferrals and matching credits (if any). An initial
distribution election shall apply to amounts deferred in a subsequent Plan Year, unless the terms of the election materials for such Plan
Year specify that the prior year's distribution election shall not remain in effect.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3.2 <u>Default Election of Form of Distribution</u>. If a Participant fails to elect a form of distribution
for any Plan Year, and no prior year election applies pursuant to <u>Section 8.3.1</u>, such Participant shall be deemed to have
elected that distribution of amounts attributable to such Plan Year be made in an immediate lump sum as described in <u>Section 8.2.1</u>.
For avoidance of doubt, if the terms of the election materials for a Plan Year specify that the prior year election will not remain in
effect for such Plan Year, this <u>Section 8.3.2</u> shall apply unless the Participant makes an affirmative election.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3.3 <u>Re-Election of Form of Distribution</u>. Through any written or electronic means approved by the
Administrator, the Participant may elect from time to time to change the form of payment for a specified portion of the Participant's
Account or to delay payment of a specified portion of the Participant's Account. Each subsequent distribution election shall be
effective as to the specified portion of the Participant's Account. Notwithstanding the foregoing, any new distribution election
shall be disregarded as if it had never been filed (and the prior distribution election shall be given effect) unless the distribution
election:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) is filed by a Participant while employed by the Employer or an applicable Affiliate thereof,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) is filed with the Administrator at least 12 months before the Participant's Separation from Service
or death,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) has the effect of delaying payment of the lump sum (or, in the case of installments which are treated
as the entitlement to a single payment (and not a series of separate payments), the initial commencement date) under the prior election
for at least five years, and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) shall not take effect until at least 12 months after the date it is filed with the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3.4 <u>Limitations on Elections</u>. A Participant who makes an election pursuant to Section 8.3.3 may
not make another election with respect to the same portion of the Participant's Account until 12 months have elapsed since the prior
election was made, and may not make more than two elections pursuant to Section 8.3.3 with respect to the same portion of the Participant's
Account. The Administrator may waive the foregoing, limitations, and may impose additional limitations on elections made pursuant to Section 8.3.3,
including imposing limits on the maximum period of time that distributions may commence (or that the final installment payment may be
made) following a participant's Separation from Service. No spouse, former spouse, Beneficiary or other person shall have any right
to participate in the Participant's decision to revise distribution elections. Notwithstanding the foregoing, the Administrator
shall interpret all provisions of this Plan relating to the change of any distribution election in a manner that is consistent with Section 409A
and the regulations and other guidance issued thereunder. Accordingly, if the Administrator determines that a requested revision to a
distribution election is inconsistent with Section 409A or other applicable tax law, the request shall not be effective.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.3.5 <u>Form of Distribution</u>. The new form of distribution elected by the Participant must be a form
that is permitted for initial elections pursuant to <u>Section 8.2</u> at the time the new election is made.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4 <u>Payment to Beneficiary Upon Death of Participant</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.1 <u>Payment to Beneficiary When Death Occurs Before Separation from Service</u>. If a Participant dies
before Separation from Service, such Participant's Beneficiary will receive payment of the Participant's Account at the same
time and in the same form the Participant would have received it if the Participant had experienced a Separation from Service on the date
of death.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.2 <u>Payment to Beneficiary When Death Occurs After Separation from Service</u>. If a Participant dies after
a Separation from Service, the Participant's Beneficiary shall receive distribution of the Participant's Account at the same
time and in the same form the Participant would have received it if the Participant had survived.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.3 <u>Beneficiary Not Required to Apply for Distribution</u>. Distribution shall be made to the Beneficiary
when the Administrator receives notice of the Participant's death, without the requirement of an application.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.4.4 <u>Election of Measuring Investments by Beneficiaries</u>. A Beneficiary of a deceased Participant shall
generally have the same rights to designate Measuring Investments for the Participant's Account that Participants have under Article <u>4</u>.
The Administrator may adopt (and revise) rules to govern designations of Measuring Investments by Beneficiaries. Unless changed by
the Administrator, the following rules shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) The Measuring Investments for the Account of a deceased Participant shall not be changed until the Beneficiary
so determines.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) If a deceased Participant has more than one Beneficiary, the unanimous consent of all Beneficiaries shall
be required to change Measuring Investments for such Participant's Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5 <u>Designation of Beneficiaries</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.1 <u>Right to Designate</u>. Each Participant may designate, upon forms to be furnished by and filed with
the Administrator (or through other means approved by the Administrator), one or more primary Beneficiaries or alternative Beneficiaries
to receive all or a specified part of such Participant's Account in the event of such Participant's death. The Participant
may change or revoke any such designation from time to time without notice to or consent from any Beneficiary. No such designation, change
or revocation shall be effective unless executed by the Participant and received by the Administrator during the Participant's lifetime.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.2 Failure of Designation. If a Participant:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) fails to designate a Beneficiary,

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) designates a Beneficiary and thereafter revokes such designation without naming another Beneficiary, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) designates one or more Beneficiaries and all such Beneficiaries so designated fail to survive the Participant,
such Participant's 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 in which a member survives the Participant and (except
in the case of surviving issue) in equal shares if there is more than one member in such class surviving the Participant:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) Participant's surviving spouse;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) Participant's surviving issue per stirpes and not per capita; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) Representative of Participant's estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.3 <u>Disclaimers by Beneficiaries</u>. A Beneficiary entitled to a distribution of all or a portion of a
deceased Participant's Account may disclaim an 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 the Account at the time such disclaimer
is executed and delivered, and must have attained at least age 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 Account is disclaimed or shall specify what portion thereof is disclaimed. To be effective, the original
disclaimer must be executed, notarized and actually delivered to the Administrator after the date of the Participant's death but
not later than nine months after the date of the Participant's death. A disclaimer shall be irrevocable when delivered to the Administrator.
A disclaimer shall be considered to be delivered to the Administrator only when actually received by the Administrator. The Administrator
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 any other provisions under this Plan. No other form of attempted
disclaimer shall be recognized by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.4 <u>Definitions</u>. When used herein and, unless the Participant has otherwise specified in the Participant's
Beneficiary designation, when used in a Beneficiary designation, "issue" means all persons who are lineal descendants of the
person whose issue are referred to, subject to the following:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) a legally adopted child and the adopted child's lineal descendants always shall be lineal descendants
of each adoptive parent (and of each adoptive parent's lineal ancestors);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a legally adopted child and the adopted child's lineal descendants never shall be lineal descendants
of any former parent whose parental rights were terminated by the adoption (or of that former parent's lineal ancestors); except
that if, after a child's parent has died, the child is legally adopted by a stepparent who is the spouse of the child's surviving
parent, the child and the child's lineal descendants shall remain lineal descendants of the deceased parent (and the deceased parent's
lineal ancestors);

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) if the person (or a lineal descendant of the person) whose issue are referred to is the parent of a child
(or is treated as such under applicable law) but never received the child into that parent's home and never openly held out the
child as that parent's child (unless doing so was precluded solely by death), then neither the child nor the child's lineal
descendants shall be issue of the person.

The term "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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.5.5 <u>Special Rules</u>. Unless the Participant has otherwise specified in the Participant's Beneficiary
designation, the following rules shall apply:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) The automatic Beneficiaries specified in <u>Section 8.5.2</u> 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 all payments due such Beneficiary hereunder, such remaining payments shall be payable to the representative
of such Beneficiary's estate.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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 other legal termination of the 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 Administrator after the date
of the legal termination of the marriage between the Participant and such former spouse, and during the Participant's lifetime.)

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) Any designation of a non-spouse 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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(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.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) Notwithstanding any other provision of the Plan or any election or designation made under the Plan, any
potential Beneficiary who feloniously and intentionally kills a Participant or another Beneficiary shall be deemed for all purposes of
the Plan and all elections and designations made under the Plan to have died before such Participant or other Beneficiary. A final judgment
of conviction of felonious and intentional killing is conclusive for this purpose. In the absence of a conviction of felonious and intentional
killing, the Administrator shall determine whether the killing was felonious and intentional for this purpose.

The Administrator shall be the sole judge of the content, interpretation and validity of a purported Beneficiary designation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.6 <u>Death Prior to Full Distribution</u>. If, at the death of the Participant, any payment to the Participant was due or otherwise pending but not actually paid, the amount of such payment shall be included in the Account which is payable to the Beneficiary (and shall not be paid to the Participant's estate).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7 <u>Facility of Payment</u>. In case of minority, incapacity or legal disability of a Participant or Beneficiary entitled to receive any distribution under this Plan, payment shall be made, if the Administrator shall be advised of the existence of such condition:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7.1 to the court-appointed guardian or conservator of such Participant or Beneficiary, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7.2 if there is no court-appointed guardian or conservator, to the lawfully authorized representative of the
Participant or Beneficiary (and the Administrator, in his or her sole discretion, shall determine whether a person is a lawfully authorized
representative for this purpose), or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.7.3 to an institution entrusted with the care or maintenance of the incapacitated or disabled Participant
or Beneficiary, provided such institution has satisfied the Administrator, in his or her sole discretion, 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 person described in <u>Sections 8.7.1</u> or 8.7.2 above.

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

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8 <u>In-Service Distributions</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8.1 <u>Specified Date Withdrawals</u>. Each Participant shall have the opportunity, when enrolling in the
Plan for each Plan Year, to elect one (1) or more specified date withdrawal dates for the total amount of the Participant's
Account attributable to deferral and matching credits (if any) for such Plan Year and any subsequent investment gains of losses on such
deferrals and matching credits (if any), subject to the following rules:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) Such election shall be made through a written or electronic means approved by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) No such distribution shall be made before January 1 of the calendar year that follows the third full
Plan Year after the Participant was first eligible to elect a specified date withdrawal from that portion of the Participant's Account
attributable to deferrals and matching credits (if any) for such Plan Year and any subsequent investment gains or losses on such amounts
(*e.g.*, the earliest specified date withdrawal date for any deferrals made in 2025 is January 1, 2029).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) A Participant may receive more than one specified date withdrawal in any Plan Year but only if each distribution
is attributable to deferrals and matching credits for different Plan Years. Only one specified date withdrawal may be made in any Plan
Year from that portion of the Participant's Account attributable to deferrals and matching credits (if any) for the same Plan Year.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) A Participant who elects a specified date withdrawal date and subsequently experiences a Separation from
Service, will receive such specified date withdrawal, if the specified date withdrawal date is prior to the distribution of the Participant's
total Account.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(e) Through a written or electronic means approved by the Administrator, the Participant may elect to postpone
any specified date withdrawal for at least five years. A Participant who makes an election pursuant to this <u>Section 8.8.1(e)</u> may
not make another election with respect to the same portion of the Participant's Account until 12 months have elapsed since the prior
election was made, and may not make more than two elections pursuant to this <u>Section 8.8.1(e)</u> with respect to the same
portion of the Participant's Account. The Participant must file the election with the Administrator at least 12 months before the
original scheduled date of distribution. Such election shall not take effect until at least 12 months after the date it is filed with
the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(f) A Participant may not cancel or make any change to the time or form of payment of a specified date withdrawal,
except as permitted by <u>Section 8.8.1(e)</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(g) The distribution amount shall be determined as soon as administratively feasible as of a Valuation Date
on or after the specified date withdrawal date and shall be actually paid as soon as practicable after such determination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.8.2 <u>In-Service Distribution for Unforeseeable Emergency</u>. A Participant who has incurred an unforeseeable
emergency may request an in-service distribution while employed from the Participant's Account if the Administrator determines that
such distribution is for one of the purposes described in <u>Section 8.8.2(b)</u> below and the conditions in <u>Section 8.8.2(b)</u> below
have been satisfied.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) <u>Election</u>. A Participant may elect in writing to receive distribution of all or a portion of the
Participant's Account prior to Separation from Service, to alleviate an unforeseeable emergency (as defined in <u>Section 8.8.2(b)</u> below).
A Beneficiary of a deceased Participant may also request an early distribution for an unforeseeable emergency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) Unforeseeable Emergency Defined. For purposes of this Section 8.8.2(b), an "unforeseeable emergency"
means a severe financial hardship to the Participant resulting from:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(i) an illness or accident of the Participant, the Participant's spouse, the Participant's Beneficiary,
or the Participant's dependent (as defined in Section 152 of the Code, without regard to Sections 152(b)(1), 152(b)(2) and
152(d)(1)(B) of the Code),

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(ii) the loss of the Participant's property due to casualty, or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(iii) other similar extraordinary and unforeseeable emergency circumstances arising as a result of events beyond
the control of the Participant.

Whether a Participant is faced with an unforeseeable emergency will be determined based on the relevant facts and circumstances. To the extent the severe financial hardship is or may be relieved either (i) through reimbursement or compensation by insurance or otherwise, or (ii) by liquidation of the Participant's assets (to the extent the liquidation of such assets would not itself cause severe financial hardship), then the hardship shall not constitute an unforeseeable emergency for purposes of this Plan and the amount of distribution permitted under <u>Section 8.8.2(c)</u> shall be reduced accordingly. The amount that a Participant could obtain from a tax qualified retirement plan (including a hardship withdrawal or loan from such a plan) shall not be taken into account in determining the extent to which the hardship may be relieved. If a Beneficiary of a deceased Participant requests an early distribution for an unforeseeable emergency, then the references in this definition to "Participant" shall be deemed to be references to such Beneficiary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) <u>Distribution Amount</u>. The amount of such distribution is limited to the amount reasonably necessary
to satisfy the unforeseeable emergency, taking into account any tax payable upon the distribution. The amount of such distribution shall
be determined as soon as administratively feasible following the receipt and approval of the request by the Administrator or his or her
designee and shall be actually paid as soon as administratively practicable after such determination. If the Participant has elected different
times or forms of payment for deferrals from different Plan Years, the allocation of the distribution among Plan Years shall be as determined
by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.9 <u>Distributions in Cash</u>. All distributions from this Plan shall be made in cash.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;8.10 <u>Rule Governing Distribution Elections</u>. The Administrator may make, and revise from time to time, rules and procedures governing the election of distributions, which rules and procedures may limit the right of Participants or Beneficiaries to make and revise such elections. No Participant or Beneficiary shall be considered to have a vested right in the ability to make or revise elections governing the time or form of distribution.

Article 9<br> FUNDING OF PLAN.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.1 <u>Unfunded Plan</u>. The obligation of any Sponsor to make payments under the Plan constitutes only the unsecured (but legally enforceable) promises of that Sponsor to make such payments. No Participant shall have any lien, prior claim or other security interest in any property of any Sponsor. The Sponsors shall have no obligation to establish or maintain any fund, trust or account (other than a bookkeeping account) for the purpose of funding or paying the benefits promised under the Plan. If such a fund, trust or account is established, the property therein that is allocable to a particular Sponsor shall remain the sole and exclusive property of that Sponsor. The Sponsors shall be obligated to pay the cost of the Plan out of their 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 obligation of the Sponsors to Participants in the Plan and shall not be construed to impose on the Sponsors the obligation to create any separate fund for purposes of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;9.2 <u>Corporate Obligation</u>. Neither any officer of any Sponsor nor the Administrator in any way secures or guarantees the payment of any benefit or amount which may become due and payable hereunder to or with respect to any Participant. Each Participant and other person entitled at any time to payments hereunder shall look solely to the assets of such Participant's Sponsor for such payments as an unsecured, general creditor. After benefits have been paid to or with respect to a Participant and such payment purports to cover in full the benefit hereunder, such former Participant or other person or persons, as the case may be, shall have no further right or interest in any other Plan assets. No person 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 any of the Sponsors.

Article 10<br> AMENDMENT AND TERMINATION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1 <u>Amendment and Termination</u>. The Committee may unilaterally amend the Plan prospectively, retroactively or both, at any time and for any reason deemed sufficient by it without notice to any person affected by this Plan and the Board may terminate this Plan both with regard to persons receiving benefits and persons expecting to receive benefits in the future; <u>provided</u>, <u>however</u>, that:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.1 <u>No Reduction or Delay</u>. The benefit, if any, payable to or with respect to a Participant, whether
or not the Participant has had a Separation from Service, as of the effective date of such amendment, shall not be, without the written
consent of the Participant, diminished or delayed by such amendment.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.1.2 <u>Cash Lump Sum Payment</u>. To the extent permissible under Section 409A and related treasury regulations
and guidance, if the Board terminates the Plan completely with respect to all Participants, the Board shall have the right, in its sole
discretion, and notwithstanding any elections made by Participants, to immediately pay all benefits in a lump sum following such Plan
termination.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2 <u>Additional Rules</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.1 <u>Section 16 Officers</u>. Notwithstanding anything in this Plan to the contrary, the Administrator
may adopt rules to facilitate compliance with the rules and requirements of the Securities and Exchange Commission, including
Section 16 of the Securities and Exchange Act of 1934, as amended, which rules may limit rights under this Plan for Section 16
Officers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.2.2 <u>Clawback Policies</u>. Without limiting the generality of <u>Section 10.2.1</u>, to the extent
that any portion of a Participant's Account represents the deferral of the Participant's Incentive Award or Equity Award that
constitutes (or would have constituted if it had not been deferred) erroneously award compensation, as set forth in any clawback policy
maintained by the Company, such portion shall be forfeited to the extent necessary to comply with such applicable clawback policy. In
addition, if a Participant has received any compensation that constitutes erroneously awarded compensation, or is subject to recoupment
under any of the clawback policies maintained by the Company, and was not deferred under this Plan, the balance in the Participant's
Account may be forfeited to enable the Company to recoup such amount pursuant to the applicable clawback policy. By electing to defer
any portion of his or her compensation, each Participant will be deemed to have consented to the application of the foregoing provisions.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.3 <u>No Oral Amendments</u>. No modification of the terms of the Plan or termination of this Plan shall be effective unless it is in writing and signed on behalf of the Board by a person authorized to execute such writing. No oral representation concerning the interpretation or effect of the Plan shall be effective to amend the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.4 <u>Plan Binding on Successors</u>. The Sponsor shall require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise of all or substantially all of the business and/or assets of the Company), by agreement, to expressly assume and agree to perform this Plan in the same manner and to the same extent that the Sponsor would be required to perform it if no such succession had taken place.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;10.5 <u>Certain Amendments</u>. The Administrator may unilaterally amend the Plan to the same extent, and subject to the same limitations, as the Committee pursuant to <u>Section 10.1</u>; <u>provided</u>, <u>however</u>, that the Administrator shall not adopt any amendment that would materially increase the cost of the Plan, or that is required to be adopted by the Board or the Committee in order to comply with the requirements of the Code or the Exchange Act. The determination by the Administrator that the Administrator is authorized to adopt an amendment shall be presumed correct and any such amendment adopted by the Administrator shall be binding on all employees, Participants, Beneficiaries, and other persons claiming a benefit under the Plan.

Article 11<br> DETERMINATIONS - RULES AND REGULATIONS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.1 <u>Determinations</u>. The Administrator shall make such determinations as may be required from time to time in the administration of the Plan. The Administrator shall have the discretionary authority and responsibility to interpret and construe 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 amounts of their respective interests. Each interested party may act and rely upon all information reported to them hereunder and need not inquire into the accuracy thereof, nor be charged with any notice to the contrary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.2 <u>Rules, Regulations and Procedures</u>. The Administrator may adopt, and revise from time to time, such rules, regulations and procedures as it deems to be necessary or appropriate for the administration of the Plan. If any rule, regulation or procedure adopted by the Administrator is inconsistent with any provision of the Plan that is administrative or ministerial in nature, including any provision of the Plan that relates to the time or manner for making any election or performing any action, the Plan shall be deemed amended to the extent of the inconsistency.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;11.3 <u>Method of Executing Instruments</u>. Information to be supplied or written notices to be made or consents to be given by the Sponsor or the Administrator pursuant to any provision of the Plan may be signed in the name of the Sponsor or the Administrator by any officer who has been authorized to make such certification or to give such notices or consents.

Article 12<br> PLAN ADMINISTRATION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.1 <u>Officers</u>. Except as hereinafter provided, functions generally assigned to the Sponsor shall be discharged by the Company's officers or delegated and allocated as provided herein.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.2 <u>Board</u>. Notwithstanding the foregoing, the Board shall have the authority to terminate the Plan and the exclusive authority to determine eligibility of Section 16 Officers to participate in this Plan under Article <u>2</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3 <u>Administrator</u>. The Administrator shall:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.1 keep a record of all its proceedings and acts and keep all books of account, records and other data as
may be necessary for the proper administration of the Plans; notify the Sponsors of any action taken by the Administrator and, when required,
notify any other interested person or persons;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.2 determine from the records of the Employers and Sponsors the compensation, status and other facts regarding
Participants and other employees;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.3 prescribe forms to be used for distributions, notifications, etc., as may be required in the administration
of the Plans;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.4 set up such rules, applicable to all Participants similarly situated, as are deemed necessary to carry
out the terms of this Plan;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.5 perform all other acts reasonably necessary for administering the Plans and carrying out the provisions
of this Plan and performing the duties imposed on it by the Board;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.6 resolve all questions of administration of the Plans not specifically referred to in this <u>Section 12.3</u>;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.7 in accordance with regulations of the US Secretary of Labor, provide adequate notice in writing to any
claimant whose claim for benefits under the Plans has been denied, setting forth the specific reasons for such denial, written in a manner
calculated to be understood by the claimant; and

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.3.8 delegate or redelegate to one or more persons, jointly or severally, and whether or not such persons are
employees of the Employers or Sponsors, such functions assigned to the Administrator hereunder as it may from time to time deem advisable.
To the extent any administrative functions were delegated to any person by the Administrator prior to the designation of any other Administrator,
such delegation shall remain in effect until changed by the Administrator.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.4 <u>Delegation</u>. The Board and the Administrator 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 or pursuant to procedures set forth in the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.5 <u>Conflict of Interest</u>. If any individual to whom authority has been delegated or redelegated hereunder shall also be a Participant in either Plan, such Participant shall have no authority with respect to any matter specially affecting such Participant's individual rights hereunder or the interest of a person superior to him or her in the organization (as distinguished from the rights of all Participants and Beneficiaries or a broad class of Participants and Beneficiaries), all such authority being reserved exclusively to other individuals as the case may be, to the exclusion of such Participant, and such Participant shall act only in such Participant's individual capacity in connection with any such matter.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.6 <u>Service of Process</u>. In the absence of any designation to the contrary by the Administrator, the Chief Legal Officer of the Company is designated as the appropriate and exclusive agent for the receipt of process directed to the Plans in any legal proceeding, including arbitration, involving the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.7 <u>Expenses</u>. All expenses of administering the Plan shall be payable out of the trust fund established for the Plan except to the extent that the Sponsors, in their discretion, directly pay the expenses.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.8 <u>Tax Withholding</u>. The Sponsor (or its delegee) shall withhold the amount of any federal, state or local income tax or other tax required to be withheld by the Sponsor under applicable law with respect to any amount payable under the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.9 <u>Certifications</u>. Information to be supplied or written notices to be made or consents to be given by the Administrator pursuant to any provision of this Plan may be signed in the name of the Administrator by any officer who has been authorized to make such certification or to give such notices or consents.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;12.10 <u>Errors in Computation or Payment</u>. The Company, the Employer, the Sponsor and the Administrator shall not be liable or responsible for any error in the computation of the Account or the determination 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 survivor to whom such benefit shall be payable, directly or indirectly, to the Sponsor and used by the Administrator in determining the benefit. The Administrator 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 to recover any prior overpayment). To the extent that any Participant or Beneficiary erroneously receives a payment under the Plan that is in excess of the amount that should have been paid (regardless of whether such error resulted from a misstatement by the Participant or Beneficiary, the Participant or Beneficiary shall be required to return the amount of the excess, and the Plan may take any action necessary or appropriate to recover the amount of the excess, including bringing an action against the Participant or Beneficiary, and the person receiving such excess shall be deemed to hold the excess (and any proceeds thereof)) in trust for the Plan.

Article 13<br> CONSTRUCTION.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1 <u>Applicable Laws</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1.1 <u>ERISA Status</u>. The Plan is maintained with the understanding that the Plan is an unfunded plan maintained
primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees, and is
therefore exempt from ERISA as provided in Section 201(2), Section 301(3) and Section 401(a)(1) of ERISA. Each
provision shall be interpreted and administered accordingly. If any individually contracted supplemental retirement arrangement with any
Section 16 Officer is deemed to be covered by ERISA, such arrangement shall be included in the Plan but only to the extent that such
inclusion is necessary to comply with ERISA.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1.2 <u>IRC Status</u>. This Plan is intended to be a nonqualified deferred compensation arrangement. The rules of
Section 401(a) et. seq. of the Code shall not apply to this Plan. The rules of Section 3121(v) and Section 3306(r)(2) of
the Code shall apply to this Plan. The rules of Section 409A shall apply to this Plan to the extent applicable and this Plan
shall be construed and administered accordingly. It is expressly intended that for purposes of Section 409A, this Plan be considered
an account balance plan that consists of amounts deferred at the election of the service provider and amounts deferred other than at the
election of the service provider. Notwithstanding the foregoing, neither the Sponsor nor any of its officers, directors, agents or affiliates
shall be obligated, directly or indirectly, to any Participant or any other person for any taxes, penalties, interest or like amounts
that may be imposed on the Participant or other person on account of any amounts under this Plan or on account of any failure to comply
with any Code section.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1.3 <u>Securities Laws Compliance</u>. If any security of the Company is offered as a Measuring Investment
under the Plan, then decisions assigned in this Plan to the Administrator shall instead by made by the Board to the extent any such decision
could affect the interest of any Section 16 Officer in securities of the Company, including without limitation any change in Valuation
Dates.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.1.4 <u>References to Laws</u>. Any reference in the Plan to a statute or regulation shall be considered also
to mean and refer to any subsequent amendment or replacement of that statute or regulation.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.2 <u>Effect on Other Plans</u>. This Plan shall not alter, enlarge or diminish any person's employment rights or obligations or rights or obligations under any other employee pension benefit or employee welfare benefit plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3 <u>Rules of Document Construction</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3.1 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; the masculine may include the feminine; and the words "hereof," "herein"
or "hereunder" or other similar compounds of the word "here" shall mean and refer to the entire Plan and not to
any particular paragraph or section of the Plan unless the context clearly indicates to the contrary.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3.2 The titles given to the various sections of the Plan are inserted for convenience of reference only and
are not part of the Plan, and they shall not be considered in determining the purpose, meaning or intent of any provision hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.3.3 Notwithstanding anything apparently to the contrary contained in the Plan, the Plan shall be construed
and administered to prevent the duplication of benefits provided under the Plans and any other qualified or nonqualified plan maintained
in whole or in part by the Employers.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4 <u>Governing Law; Waiver of Jury Trial</u>.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.1 The Plan will be governed by and construed and interpreted in accordance with the laws of Delaware, without
reference to conflict of law principles.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.4.2 Any suit, action or proceeding with respect to the Plan, or any judgment entered by any court of competent
jurisdiction in respect of any thereof, shall be resolved only in the courts of Delaware. In that context, and without limiting the generality
of the foregoing, the Sponsor and each Participant shall irrevocably and unconditionally (i) submit in any proceeding relating to
the Plan, or for the recognition and enforcement of any judgment in respect thereof (a "  ***Proceeding*** "), to the
exclusive jurisdiction of the courts of Delaware, and agree that all claims in respect of any such Proceeding shall be heard and determined
in such Delaware court or, (ii) consent that any such Proceeding may and shall be brought in such courts and waives any objection
that the Sponsor and each Participant may now or thereafter have to the venue or jurisdiction of any such Proceeding in any such court
or that such Proceeding was brought in an inconvenient court and agree not to plead or claim the same, (iii) waive all right to trial
by jury in any Proceeding (whether based on contract, tort or otherwise) arising out of or relating to the Plan, (iv) agree that
service of process in any such Proceeding may be effected by mailing a copy of such process by registered or certified mail (or any substantially
similar form of mail), postage prepaid, to such party, in the case of a Participant, at the Participant's address shown in the books
and records of the Company or, in the case of the Sponsor, at the Company's principal offices, attention Chief Legal Officer, and
(v) agree that nothing in the Plan shall affect the right to effect service of process in any other manner permitted by the laws
of Delaware.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;13.5 <u>No Employment Contract</u>. This Plan is not and shall not be deemed to constitute a contract of employment between any Sponsor and any person, nor shall anything herein contained be deemed to give any person any right to be retained in the employ of the Sponsor or in any way limit or restrict any such Sponsor's right or power to discharge any person at any time and to treat any person without regard to the effect which such treatment might have upon him or her as a Participant in the Plan. Neither the terms of the Plan nor the benefits under the Plan nor the continuance of the Plan shall be a term of the employment of any employee. The Sponsor shall not be obliged to continue the Plans.

Article 14<br> DEFINITIONS.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1 <u>Definitions</u>. As used in the Plan, the following words and phrases will have the following meanings:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.1 "  ***Account***" means the separate bookkeeping account established for each Participant
that represents the separate unfunded and unsecured general obligation of the Sponsors established with respect to each person who is
a Participant in this Plan in accordance with Article <u>2</u> and to which are credited the dollar amounts specified in <u>Article 3</u> and Article <u>4</u> and from which are subtracted payments made pursuant to <u>Article 8</u>. To the extent necessary to accommodate
and effect the distribution elections made by Participants pursuant to <u>Section 8.3</u> or <u>Section 8.8.1</u>, separate
bookkeeping sub-accounts shall be established with respect to each of the several annual forms of distribution elections and specified
date withdrawal elections made by Participants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.2 "  ***Administrator***" means the Board, or any other committee of the Board duly authorized
to act as Administrator to the Plan, or any individual or entity duly authorized by the Administrator to act on its behalf in respect
of the Plan.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.3 "  ***Affiliate***" means any person or entity that directly or indirectly controls,
or is controlled by, or is under common control with the Company (or its successors), specifically including the Sponsor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.4 "  ***Annual Valuation Date***" means each December 31.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.5 "  ***Base Compensation***" means a Participant's base or regular compensation,
including vacation, sick leave, and certain other forms of paid time off, and any non-stock periodic incentive pay, but excluding bonuses
(including Incentive Awards), short-term disability benefit payments, all forms of non-cash compensation, all Incentive Awards, and other
amounts paid in addition to base compensation, including by way of illustration but not limited to medical director fees, hospital pay
and stipends, overtime, premium shift pay, referral awards, and severance or separation pay. The Administrator may include certain classes
of compensation in, or exclude classes of compensation from, Base Compensation, by action communicated to Participants.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.6 "  ***Beneficiary***" means a beneficiary designated by a Participant (or automatically
by operation of the Plan) to receive all or a part of the Participant's Account in the event of the Participant's death prior
to full distribution thereof. A beneficiary so designated shall not be considered a Beneficiary until the death of the Participant.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.7 "  ***Board***" means the Board of Directors of the Company or its successor.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.8 "  ***Change of Control***" means the occurrence of any of the following after the date
hereof:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) the acquisition by any person (or more than one person acting as a group) of Beneficial Ownership (as
defined in the LTIP) of securities of the Company which, directly or following conversion or exercise thereof, would entitle the holder
thereof to cast more than 50% of the votes attaching to all securities of the Company which may be cast to elect directors of the Company;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) a majority of the Board being replaced during any 12-month period by directors whose appointment or election
was not endorsed by a majority of the directors before the date of the appointment or election, including, without limitation, as a consequence
of the solicitation of proxies through a proxy circular by persons other than the Board or management;

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(c) the consummation of an Extraordinary Corporate Event (as defined in the LTIP) involving the Company pursuant
to which, and such that, all the persons who, immediately prior to such consummation, beneficially owned all of the securities of the
Company which could be cast to elect directors of the Company, immediately thereafter do not beneficially own securities of the successor
or continuing company or company acquiring the assets which would entitle such persons, directly or following conversion or exercise thereof,
to cast more than 50% of the votes attaching to all securities of such company which may be cast to elect directors of that company; or

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(d) shareholders of the Company approve a plan to wind-up, dissolve or liquidate the Company or significantly
rearrange the Company's affairs in one or more transactions or series of transactions or the commencement of proceedings for such
a winding-up, dissolution, liquidation, or re-arrangement (except where such re-arrangement is part of a bona fide reorganization of the
Company in circumstances where the business of the Company is continued and the shareholdings remain substantially the same following
the re-arrangement);

<u>provided</u> that, any transaction whereby shares held by shareholders of the Company are transferred or exchanged for units or securities of a trust, partnership or other entity which trust, partnership or other entity continues to own directly or indirectly all of the shares of the Company previously owned by the shareholders of the Company and the former shareholders of the Company continue to be beneficial holders of such units or securities in the same proportions following the transaction as they were beneficial holders of shares of the Company prior to the transaction will not constitute a Change of Control.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.9 "  ***Code***" means the Internal Revenue Code of 1986, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.10 "  ***Committee***" means the Human Resources and Compensation Committee of the Company,
or any successor committee thereto or other committees or subcommittees of the Board designated by the Board.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.11 "  ***Company***" means Celestica Inc. and its respective successors and assigns.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.12 "  ***Eligible Individual***" means:

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(a) In general, the Administrator shall have discretion over establishing employees and service providers
who are eligible to participate in the Plan. Eligibility will be limited to key management, typically at bands 15 and higher. The Administrator
shall not select any employee or service provider for participation unless the Administrator determines that such employee is a member
of a select group of management or highly compensated employees (as that expression is used in ERISA).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;(b) With respect to the authority to make changes, notwithstanding the foregoing, the Administrator may from
time to time in the Administrator's discretion modify the Eligible Individual standards, the compensation criteria and the full-time
and part-time criteria.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.13 "  ***Employer***" means (a) the Company; (b) any other business entity that
employs persons who are selected for participation under <u>Section 2.3</u>; and (c) any successor to those entities described
in the forgoing prongs (a) and (b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.14 "  ***Equity Award***" means any equity award, including Restricted Share Units, Performance
Share Units, Deferred Share Units, Director Share Units or Stock Options, each as respectively defined in the LTIP.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.15 "  ***ERISA***" means the Employee Retirement Income Security Act of 1974, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.16 "  ***Exchange Act***" means the United States Securities Exchange Act of 1934, as amended.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.17 "  ***Incentive Award***" means any annual incentive awards that are payable in cash
(*e.g.*, annual bonuses, performance bonuses and sign-on bonuses).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.18 "  ***LTIP***" means the Company's 2025 Long Term Incentive Plan, as amended and
any successor plans thereto.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.19 "  ***Participant***" means an Eligible Individual who has been selected to participate
in the Plan pursuant to the terms hereof.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.20 "  ***Plan***" means this nonqualified, unfunded, deferred compensation program maintained
by the Sponsors for the benefit of Participants eligible to participate therein, as set forth in this Plan. The Plan shall be referred
to as the "Celestica 2025 Executive Compensation Deferral Plan."

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.21 "  ***Plan Year***" means the 12 consecutive month period ending on any Annual Valuation
Date.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.22 "  ***Section 16 Officer***" means an officer of an Employer who is subject to
the provisions of Section 16 of the Exchange Act.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.23 "  ***Section 409A***" means Section 409A of the Code.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.24 "  ***Separation from Service***" means a termination of a Participant's employment
relationship with the applicable Employer (and their respective Affiliates) for any reason as described in Section 409A and Treasury
Regulation § 1.409A-1(h). The Employers shall determine whether a Participant has incurred a "Separation from Service"
in accordance with Section 409A and Treasury Regulation § 1.409A-1(h).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.25 "  ***Sponsor***" means (a) Celestica LLC, (b) such Affiliates of the Sponsor
as are designated by the Board and admitted as adopting employers under the Plan, and (c) any successor to those entities described
in the forgoing prongs (a) and (b).

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.26 "  ***Specified Employee***" means a Participant who, as of the date of his or her Separation
from Service, is a key employee of the applicable Employer (or Affiliate thereof) within the meaning of Section 409A.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;14.1.27 "  ***Valuation Date***" means any day that the U.S. securities markets are open and
conducting business.

Dated: July 1, 2025

## Exhibit 5.1

Exhibit 5.1

![](tm2521378d1_ex5-1img001.jpg)

July 29, 2025

Celestica Inc.

5140 Yonge Street, Suite 1900

Toronto, Ontario

Canada M2N 6L7

---

| | |
|:---|:---|
| **Re:** | **Registration of Deferred Compensation Obligations** |

---

Dear Sirs/Mesdames:

We have acted as Canadian counsel to Celestica Inc. (the "**Company**") in connection with the Registration Statement on Form S-8 (the "**Registration Statement**") filed on or about the date hereof with the U.S. Securities and Exchange Commission (the "**SEC**") under the U.S. Securities Act of 1933, as amended (the "**Act**"), registering (i) up to US $15,000,000 in deferred compensation obligations that may become payable from time to time under the Celestica LLC Supplemental Executive Retirement Plan by the Company and (ii) up to US $10,000,000 in deferred compensation obligations that may become payable from time to time under the Celestica LLC 2025 Executive Compensation Deferral Plan by the Company (together, the "**Plans**", and such obligations, collectively, the "**Obligations**").

For purposes of this opinion we have examined the Registration Statement, the Plans and originals or copies certified or otherwise identified to our satisfaction of: (i) a certificate of an officer of the Company relating to certain factual matters and corporate records (the "**Officer's Certificate**"); (ii) the Company's constating documents; and (iii) certified extracts of certain resolutions of the board of directors of the Company approving the Plans and the Registration Statement (collectively, the "**Corporate Documents**"). We have also considered such other documents and questions of law as we have deemed necessary for the purpose of providing our opinion expressed herein.

In our examination and in providing our opinion expressed herein, we have assumed: (a) the legal capacity of all individuals; (b) the genuineness of all signatures; (c) the authenticity of all documents submitted as originals and the conformity to authentic originals of all copies; and (d) the completeness and accuracy of all factual matters set forth in the Officer's Certificate and other documents reviewed.

Our opinion is limited to the laws of the Province of Ontario and the federal laws of Canada applicable therein, in each case in effect on the date hereof.

Based upon and subject to the qualifications, assumptions and limitations stated herein, we are of the opinion that, if and when the Obligations become payable by the Company, the Obligations will constitute legal, valid and binding obligations of the Company, enforceable against the Company in accordance with their terms.

The foregoing opinion is subject to: (i) the effect of bankruptcy, insolvency, winding-up, reorganization or other similar laws affecting creditors' rights generally, and (ii) the availability of equitable remedies being subject to the discretion of the courts. We have no responsibility or obligation to: (i) update this opinion, (ii) take into account or inform the addressee or any other person of any changes in law, facts or other developments subsequent to this date that do or may affect the opinion we express, or (iii) advise the addressee or any other person of any other change in any matter addressed in this opinion, nor do we have any responsibility or obligation to consider the applicability or correctness of this opinion to any person other than the addressee.

![](tm2521378d1_ex5-1img001.jpg)

This opinion has been prepared for use by the Company in connection with the Registration Statement and is expressed as of the date hereof. Our opinion is expressly limited to the matters set forth above and we render no opinion, whether by implication or otherwise, as to any other matters relating to the Company, the Registration Statement or the Obligations.

We hereby consent to the filing of this opinion as Exhibit 5.1 to the Registration Statement and to the reference to our firm under the caption "Legal Matters" therein. In giving such consent we do not admit that we are within the category of persons whose consent is required under Section 7 of the Act or the rules and regulations thereunder.

---

| |
|:---|
| Yours truly, |
| ![](tm2521378d1_ex5-1img002.jpg) |
| Stikeman Elliott LLP |

---

## Exhibit 23.2

**Exhibit 23.2**

![](tm2521378d1_ex23-2img01.jpg)

**Consent of Independent Registered Public Accounting Firm**

The Board of Directors Celestica Inc.:

We consent to the use of our report dated February 28, 2025, on the consolidated financial statements of Celestica Inc. (the "Entity"), which comprise the consolidated balance sheets as of December 31, 2024 and December 31, 2023, the related consolidated statements of operations, comprehensive income, changes in equity and cash flows for each of the years in the three-year period ended December 31, 2024, and the related notes, and our report dated February 28, 2025 on the effectiveness of the Entity's internal control over financial reporting as of December 31, 2024, which are incorporated by reference in this Registration Statement on Form S-8 of the Entity and are included in the Entity's Annual Report on Form 10-K for the year ended December 31, 2024, filed with the United States Securities and Exchange Commission on March 3, 2025.

/s/ KPMG LLP

Chartered Professional Accountants, Licensed Public Accountants

July 29, 2025

Toronto, Canada

## Ex-Filing

?xml version='1.0' encoding='ASCII'? EX-FILING FEES

---

| |
|:---|
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Calculation of Filing Fee Tables**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **S-8**  |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **CELESTICA INC**  |

---

---

| | | | | | | | |
|:---|:---|:---|:---|:---|:---|:---|:---|
| | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Type**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Security Class Title**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Calculation Rule**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount Registered**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Maximum Aggregate Offering Price**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Fee Rate**  | &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Amount of Registration Fee**  |
| 1 | Other | Deferred Compensation Obligations | Other | 15000000 | $15000000.00 | 0.0001531 | $2296.50 |
| 2 | Other | Deferred Compensation Obligations | Other | 10000000 | $10000000.00 | 0.0001531 | $1531.00 |
| Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | Total Offering Amounts: | $25000000.00  |  | $3827.50  |
| Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  | Total Fee Offsets:  |  |  | $0.00  |
| Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  | Net Fee Due:  |  |  | $3827.50  |

---

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; **Offering Note** <br>

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>1</sup> Represents unsecured obligations of the registrant under the Celestica LLC Supplemental Executive Retirement Plan. The deferred compensation obligations are unsecured obligations of Celestica Inc. (the "registrant") to pay deferred compensation in the future in accordance with the terms of the Plans. Solely for purposes of calculating the registration fee pursuant to Rule 457(h) under the Securities Act of 1933, as amended (the "Securities Act"), the amount of deferred compensation obligations registered is based on an estimate of the amount of compensation participants may defer under the Plans.

&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <sup>2</sup> Represents unsecured obligations of the registrant under the Celestica LLC 2025 Executive Compensation Deferral Plan. The deferred compensation obligations are unsecured obligations of the registrant to pay deferred compensation in the future in accordance with the terms of the Plans. Solely for purposes of calculating the registration fee pursuant to Rule 457(h) under the Securities Act, the amount of deferred compensation obligations registered is based on an estimate of the amount of compensation participants may defer under the Plans.