Document:

2009 Management Bonus Plan

 EXHIBIT 10.22 
  
 ALLERGAN 
 2009 
 MANAGEMENT BONUS PLAN 

  
 PURPOSE OF
THE PLAN 
 The Allergan, Inc. 2009 Management Bonus Plan (the “Plan”) is designed to reward eligible management-level employees for their
contributions to providing Allergan’s stockholders increased value for their investment through the successful accomplishment of specific financial objectives and individual performance objectives. 
  
  
 PLAN YEAR 
 The Plan year runs from January 1, 2009 through December 31, 2009. 
  
  
 ELIGIBILITY 
 All regular full-time and part-time employees of Allergan, Inc. and its subsidiaries (the “Company”) scheduled
to work 20 or more hours per week in salary grades 7E and above who are not covered by any other bonus or sales incentive plan, unless otherwise provided in a written agreement between the Company and a Plan participant, are eligible to participate
in the Plan. Notwithstanding anything in this Plan to the contrary, any individual who (a) performs services for the Company and is classified or paid as an independent contractor (regardless of his or her classification for federal tax or
other legal purposes) by the Company or (b) performs services for the Company pursuant to an agreement between the Company and any other person (e.g. a leasing organization) shall not be eligible to participate in the Plan. In addition, in
order to be eligible to receive a bonus, participants must be employed by the Company on or before June 30, 2009 and must be actively employed by the Company on the date bonuses are paid. Participants who resign or are terminated for reasons
other than those noted below will receive no bonus. 
 Bonuses, if any, for participants who become eligible after the beginning of the plan year, retire
(“normal retirement” is defined as termination of employment after the Plan participant has attained age 55, provided that such participant has been employed by the Company for a minimum of 5 years), become disabled, die or transfer into a
position covered by another incentive plan will be prorated, except in cases of normal retirement and termination (a) by mutual agreement, (b) during counseling review, (c) after counseling review or (d) for serious misconduct.
In such cases, participants will receive no bonus. Bonuses, if any, for participants who are laid-off will be prorated provided the participant was eligible for at least six months of the Plan year. All proration will be based on the number of
months of participation in the Plan during the Plan year. 
  
  
 PERFORMANCE OBJECTIVES 
 Bonuses for Plan participants are based
on both corporate performance and individual performance in relation to pre-established objectives, as follows: 
 CORPORATE OBJECTIVES 
  

	 	¿	 	 Earnings Per Share (“EPS”)—EPS is defined as adjusted net earnings from continuing operations as measured by Wall Street divided by the
weighted average number of common and common equivalent shares on a diluted basis. 

  

	 	¿	 	 Revenue Growth in Local Currency—Net sales stated in constant local currency compared to the prior year. Specifically defined as the percentage change
in annual net sales in constant local currency from the previous fiscal year end to the current fiscal year end (“Revenue Growth”). The purpose of net sales stated in constant local currency is to remove any impact on net sales growth from
changes in currency exchange rates from year to year. 

  
  
  

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	 	¿	 	 Research and Development (“R&D”) Reinvestment Rate—R&D expense as a percentage of revenue. Specifically defined as the total annual
R&D expense as a percentage of annual net sales as of the current fiscal year end. 

  

	 	¿	 	 Operating Income—Operating Income compared to budget may be considered for allocation of bonus pools by Business Unit/Function. Operating Income is
defined as Net Sales minus Cost of Goods minus Selling and General Administrative expenses minus Research & Development minus allocated corporate interest where applicable. 

 INDIVIDUAL OBJECTIVES 
 Management Bonus Objectives (“MBOs”)
are prepared by each participant and his or her supervisor at the beginning of the Plan year and may be modified throughout the year as necessary. Objectives should reflect major results and accomplishments to be achieved in order to meet short and
long-term business goals that contribute to increased stockholder value. MBOs are expressed as specific, quantifiable measures of performance in relation to key operating decisions for the participant’s business unit, such as managing inventory
levels, receivables, expenses, payables, increasing sales, eliminating unnecessary capital expenditures, etc. 
 At the end of the Plan year, the supervisor
evaluates the participant’s performance in relation to his or her objectives in order to determine the size of the bonus award, if any. A more detailed description of how the award is calculated is provided under “Individual Bonus Award
Calculation.” 
  
  
 BONUS POOL CALCULATION 
 The components of this calculation for
bonus pool funding are: (1) EPS, (2) Revenue Growth and (3) R&D Reinvestment Rate. 
 Bonus pool funding–Bonuses are funded
when the Company achieves a threshold level of target EPS performance. The level of bonus funding is determined by EPS performance, Revenue Growth and R&D Reinvestment Rate as outlined in the table below. 
  

	 	¿	 	 Earnings Per Share, Revenue Growth and R&D Reinvestment Rate 

  

															
	2009 EPS
RANGE %	 	2009 EPS
RANGE	 	BONUS %
OF TARGET	 	REVENUE
GROWTH	 	BONUS %
OF TARGET	 	R&D
REINVEST.
RATE	 	BONUS %
OF TARGET	 	 TOTAL
 BONUS % OF
TARGET

	 -5.5%
	 	-$0.150	 	    0.0%	 		 		 		 		 	    0.0%
	 -2.9%
	 	-$0.080	 	  50.0%	 	-0.2%	 	  0.0%	 	15.55%	 	  0.0%	 	  50.0%
	 -2.5%
	 	-$0.070	 	  62.5%	 	0.8%	 	  2.0%	 	15.80%	 	  2.0%	 	  66.5%
	 -1.6%
	 	-$0.045	 	  75.0%	 	1.8%	 	  4.0%	 	16.05%	 	  4.0%	 	  83.0%
	 -1.3%
	 	-$0.035	 	  80.0%	 	2.8%	 	  6.0%	 	16.30%	 	  6.0%	 	  92.0%
	 -0.7%
	 	-$0.020	 	  85.0%	 	3.8%	 	  8.0%	 	16.55%	 	  8.0%	 	101.0%
		 	Target	 	  90.0%	 	4.8%	 	10.0%	 	16.80%	 	10.0%	 	110.0%
	 1.1%
	 	$0.030	 	  95.0%	 	5.8%	 	13.8%	 	17.05%	 	13.8%	 	122.5%
	 2.2%
	 	$0.060	 	100.0%	 	6.8%	 	17.5%	 	17.30%	 	17.5%	 	135.0%
	 2.9%
	 	$0.080	 	105.0%	 	7.8%	 	21.3%	 	17.55%	 	21.3%	 	147.5%
	 3.6%
	 	$0.100	 	110.0%	 	8.8%	 	25.0%	 	17.80%	 	25.0%	 	160.0%

  
  
  

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 Revenue Growth and R&D Reinvestment Rate bonus funding may not exceed target unless EPS performance
is equal to or greater than target. If actual results fall between the performance levels shown above, bonuses will be prorated accordingly. For sake of clarity, if the Company’s performance exceeds any of the targets for Revenue Growth and/or
R&D Reinvestment Rate, but EPS does not exceed the threshold level of target EPS performance, no bonus will be payable. 
 BONUS POOL DIFFERENTIATION
BY BUSINESS UNIT/FUNCTION 
  

	 	¿	 	 Operating Income—The target bonus pool determined by EPS, Revenue Growth and R&D Reinvestment Rate performance may be modified for each business
unit/function based on Operating Income results vs. budget. That is, a business unit that exceeds budget may receive a greater share of the total Company pool than a business unit that is below budget. 

 At the end of the year, the Company’s Chief Executive Officer may recommend adjustments to the bonus funding levels to the Organization and Compensation Committee
(the “Committee”) after consideration of key operating results. When calculating corporate performance for purposes of this Plan, the Committee has the discretion to include or exclude any or all of the following items: 
  

	 	•	 	 extraordinary, unusual or non-recurring items; 

  

	 	•	 	 effects of accounting changes; 

  

	 	•	 	 effects of financing activities; 

  

	 	•	 	 expenses for restructuring or productivity initiatives; 

  

	 	•	 	 other non-operating items; 

  

	 	•	 	 spending for acquisitions; 

  

	 	•	 	 effects of divestitures; and 

  

	 	•	 	 amortization of acquired intangible assets. 

  
  
 INDIVIDUAL BONUS AWARD CALCULATION 
 Target bonus awards are expressed as a percentage of the participant’s year-end annualized base salary. The target percentages vary by salary grade (see Attachment
No. 1). 
 A participant’s actual bonus award may vary above or below the targeted level based on the supervisor’s evaluation of his or her
performance in relation to the predetermined MBOs. Except as may otherwise be approved by the Committee, each participant’s actual bonus award may be modified down to 0% or up to 150% of his or her target bonus amount. However, the total of all
bonus awards given within each business unit must total no more than 100% of the total bonus pool dollars allocated to that business unit. 
  
  
 METHOD OF PAYMENT 
 Except as may otherwise be approved by the Committee, for grade 8 Directors and above, bonuses are paid in cash up to a maximum bonus pool equal to 100% of
participants’ bonus targets and performance over such pool is paid in restricted stock or restricted stock units with cliff vesting two years from the award effective date. Any payment in the form of stock will be issued under the 2008
Incentive Award Plan. Upon a recipient’s normal retirement eligibility date (defined as the date on which the recipient has (i) attained age 55 and (ii) been employed by the 
  
  
  

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 Company for a minimum of 5 years) all of the restrictions imposed on the recipient’s restricted stock shall lapse.
For grade 7 participants, all bonuses are paid in cash. Bonus awards are paid following the close of the Plan year after the review and authorization of bonuses by the Committee. Bonuses will be paid within 30 days following management communication
of the award, through the participant’s normal payroll channel. In the event of a Change in Control (as defined in Attachment No. 2), bonuses will be paid within 30 days of the effective date of the Change in Control. 
  
  
 CHANGE IN CONTROL 
 If a Change in Control occurs after the close of the Plan year and Company performance supports bonus pool
funding, participants will be paid a bonus based on performance in relation to the EPS, Revenue Growth and R&D Reinvestment Rate targets. 
 If the Change
in Control occurs during the Plan year, participants will be paid a bonus prorated to the effective date of the Change in Control and EPS, Revenue Growth and R&D Reinvestment Rate performance will be deemed to be the greater of: 
  

	 	•	 	 100% of the EPS, Revenue Growth and R&D Reinvestment Rate targets; or 

  

	 	•	 	 the prorated actual year-to-date performance. 

 In
either case, a participant’s actual bonus may vary above or below the targeted level according to the provisions outlined in “Individual Bonus Award Calculation” above. Participants must be employed by the Company or its successor on
the effective date of the Change in Control in order to receive the prorated payment, unless their employment is terminated for retirement, death, disability, or otherwise without cause. For purposes of this plan, “cause” shall be limited
to only three types of events: the willful refusal to comply with a lawful, written instruction of the Board so long as the instruction is consistent with the scope and responsibilities of the participant’s position prior to the Change in
Control; dishonesty which results in a material financial loss to the Company (or to any of its affiliated companies) or material injury to its public reputation (or to the public reputation of any of its affiliated companies); or conviction of any
felony involving an act of moral turpitude. 
  
  
 GENERAL 
 Management reserves the right to define corporate
performance and individual performance and to review, alter, amend, or terminate the Plan at any time subject to approval of the Committee. This Plan does not constitute a contract of employment and cannot be relied upon as such. Any questions
regarding this Plan should be directed to the Human Resources department or the Vice President, Global Compensation and Benefits. This Management Bonus Plan document supersedes any previous document you may have received. 
  
  
  

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 ATTACHMENT NO. 1 
 ALLERGAN 
 2009 MANAGEMENT BONUS PLAN 
 TARGET AWARDS 
  

					
	Salary Grade	  	US
Target Bonus	 	Intl
Target Bonus
			
	 7E
	  	12%	 	15%
			
	 8E
	  	17%	 	20%
			
	 9E
	  	23%	 	25%
			
	 10E
	  	25%	 	30%
			
	 11E
	  	35%	 	35%
			
	 12E
	  	35%	 	40%
			
	 13E
	  	40%	 	45%
			
	 14E
	  	50%	 	
			
	 15E
	  	65%	 	

  
  
  

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 ATTACHMENT NO. 2 
 CHANGE IN CONTROL DEFINITION 
 “Change in Control” shall mean the following and shall be deemed to occur if
any of the following events occur: 
 (a) Any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities Exchange
Act of 1934, as amended (the “Exchange Act”) (a “Person”), who becomes the “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act or any successor rule (a “Beneficial Owner”), directly or
indirectly, of securities of Allergan, Inc., a Delaware corporation (“Allergan”) representing (i) 20% or more of the combined voting power of Allergan’s then outstanding voting securities, which acquisition is not approved in
advance of the acquisition or within 30 days after the acquisition by a majority of the Incumbent Board (as hereinafter defined) or (ii) 33% or more of the combined voting power of Allergan’s then outstanding voting securities, without
regard to whether such acquisition is approved by the Incumbent Board; or 
 (b) Individuals who, as of the date hereof, constitute the
Board of Directors of Allergan (the “Incumbent Board”), cease for any reason to constitute at least a majority of the Board of Directors, provided that any person becoming a director subsequent to the date hereof whose election, or
nomination for election by Allergan’s stockholders, is approved by a vote of at least a majority of the directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is
in connection with an actual or threatened election contest relating to the election of the directors of Allergan) shall be considered as though such person were a member of the Incumbent Board of Allergan; or 
 (c) The consummation of a merger, consolidation or reorganization involving Allergan, other than one which satisfies both of the following conditions:

 (1) a merger, consolidation or reorganization which would result in the voting securities of Allergan outstanding immediately prior
thereto continuing to represent (either by remaining outstanding or by being converted into voting securities of another entity) at least 55% of the combined voting power of the voting securities of Allergan or such other entity resulting from the
merger, consolidation or reorganization (the “Surviving Corporation”) outstanding immediately after such merger, consolidation or reorganization and being held in substantially the same proportion as the ownership in Allergan’s voting
securities immediately before such merger, consolidation or reorganization, and 
 (2) a merger, consolidation or reorganization in which no
Person is or becomes the Beneficial Owner directly or indirectly, of securities of Allergan representing 20% or more of the combined voting power of Allergan’s then outstanding voting securities; or 
 (d) The stockholders of Allergan approve a plan of complete liquidation of Allergan or an agreement for the sale or other disposition by Allergan of all
or substantially all of Allergan’s assets. 
 Notwithstanding the preceding provisions, a Change in Control shall not be deemed to have occurred if the
Person described in the preceding provisions is (1) an underwriter or underwriting syndicate that has acquired the ownership of any of Allergan’s then outstanding voting securities solely in connection with a public offering of
Allergan’s securities, (2) Allergan or any subsidiary of Allergan or (3) an employee stock ownership plan or other employee benefit plan maintained by Allergan (or any of its affiliated companies) that is qualified under the
provisions of the Internal Revenue Code of 1986, as amended. In addition, notwithstanding the preceding provisions, a Change in Control shall not be deemed to have occurred if the Person described in the preceding provisions becomes a Beneficial
Owner of more than the permitted amount of outstanding securities as a result of the acquisition of voting securities by Allergan which, by reducing the number of voting securities outstanding, increases the proportional number of shares
beneficially owned by such Person, provided, that if a Change in Control would occur but for the operation of this sentence and such Person becomes the Beneficial Owner of any additional voting securities (other than through the grant or issuance of
securities pursuant to an award (e.g., stock option grant, restricted stock award, restricted stock unit award) granted by the Company, or through a stock dividend or stock split), then a Change in Control shall occur. 
  
  
  

 09 MBP Page -6-Executive Deferred Compensation Plan (2009 Restatement)

 EXHIBIT 10.23 
 ALLERGAN, INC. 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
 (2009 RESTATEMENT) 
 Effective as of
January 1, 2009 

 ALLERGAN, INC. 
 EXECUTIVE DEFERRED COMPENSATION PLAN 
 (2009 RESTATEMENT) 
 Effective as of January 1, 2009 
 ARTICLE I 
 INTRODUCTION 
 1.1       Purpose.  The Allergan, Inc. Executive Deferred Compensation Plan was previously established by the Board of Directors of Allergan, Inc., a Delaware
corporation (“Allergan”), to provide deferred compensation benefits to selected executive and management employees of the Company as more fully provided herein. The benefits provided under this Plan are intended to be in addition to other
employee benefit programs offered by the Company, including but not limited to tax-qualified employee benefit plans. 
 1.2       Effective Date and Term.  This Plan was adopted effective as of January 1, 1995, and is hereby amended and restated effective as of January 1, 2009 (the “2009
Restatement”), and shall continue in effect until terminated by the Board of Directors. 
 1.3       Applicability of Code Section 409A.  All benefits under the Plan shall be subject to Code Section 409A. Under the terms of the Plan prior to this 2009 Restatement, all
current Participants of the Plan were permitted to make an election prior to January 1, 2009 under the Code Section 409A transition election rule to conform their distribution elections for their outstanding Deferral Accounts to the
permitted distribution options of this 2009 Restatement. 
 1.4       Applicability of
ERISA.  This Plan is intended to be a “top-hat” plan -- that is, an unfunded plan maintained primarily for the purpose of providing deferred compensation to a select group of management or highly compensated employees within
the meaning of ERISA. 
 ARTICLE II 
 DEFINITIONS 
 As used herein, the following definitions shall apply unless context clearly
indicates to the contrary. 
 2.1       Annual Deferral.  “Annual Deferral”
means the amount of Base Salary and/or Bonuses which the Participant elects to defer for each Plan Year pursuant to Section 3.1. 
 2.2       Base Salary.  “Base Salary” means the Participant’s annual basic rate of pay from the Company (excluding Bonuses, commissions, and other non-regular forms of
compensation) before reductions for deferrals under this Plan, the Savings and Investment Plan, or “cafeteria plan” under Code Section 125. 

 2.3       Beneficiary.  “Beneficiary” means
the person or persons or entity designated as such in accordance with Section 13.1. 
 2.4       Board; Board of Directors.  “Board” and “Board of Directors” each mean the Board of Directors of Allergan. The Organization and Compensation Committee of the
Board, or any successor thereto or any designee, shall exercise any and all rights, duties and obligations that are retained by or assigned to the Board under the Plan. 
 2.5       Bonuses.  “Bonuses” means non-salary amounts earned by the Participant that are designated as bonuses or commissions. Bonuses shall relate to the
Plan Year for which the services were performed even though they may be paid in the subsequent Plan Year in accordance with Company policies or practice. 
 2.6       Code.  “Code” means the Internal Revenue Code of 1986, as amended. 
 2.7       Committee.  “Committee” means the committee authorized to administer this Plan as set forth in Section 10.1 hereof. 
 2.8       Company.  “Company” means Allergan, Inc., a Delaware corporation, and each
Affiliated Company (as defined in the Savings and Investment Plan) designated by the Board of Directors. 
 2.9       Company Rate.  “Company Rate” means one hundred twenty percent (120%) of the ten-year Treasury Note one hundred twenty (120) month rolling average to be
determined on October 1 of each Plan Year and made applicable for the next following Plan Year. The Company Rate shall only be used to measure investment earnings for certain grandfathered amounts as described in Section 5.3. 

2.10     Deferral Accounts.  “Deferral Accounts” means the separate accounts maintained solely for
record keeping purposes on behalf of each Participant to which a Participant’s Annual Deferrals and Restoration Credits are credited pursuant to Section 5.1. A Participant will have one Termination Benefit Account and, at any given time,
up to two Scheduled In-Service Withdrawal Accounts. 
 2.11     Deferral Election.  “Deferral
Election” means the election made by the Participant pursuant to the terms of Section 4.1. 
 2.12     Disability.  “Disability” means, for purposes of Section 4.3 only, any medically determinable physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than six (6) months and as a result the Participant is unable to perform the duties of his or her position or any substantially similar position. For all other purposes,
“Disability” means any medically determinable physical or mental impairment which can be expected to result in death or can be expected to last for a continuous period of not less than 12 months and as a result of (i) the Participant
is unable to engage in any substantial gainful activity or (ii) the Participant is, receiving income replacement benefits for a period of not less than three months under the Company’s long term disability insurance program.
Notwithstanding the foregoing, a Participant shall be deemed to have incurred a Disability if determined to be (i) totally disabled by the Social Security Administration 

  

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or (ii) disabled under the Company’s long term disability insurance program; provided, that benefits are only payable as a result of a disability
that complies with this Section. 
 2.13     Effective Date.  “Effective Date” means
January 1, 2009 for this 2009 Restatement. 
 2.14     Eligible Employee.  “Eligible
Employee” means an employee of the Company who is a U.S. local or U.S. based expatriate that is either grade 8E/8S and above or is employed in another executive or management position as approved by the Committee. 
 An employee shall not be an Eligible Employee if (i) he or she is classified or paid as an independent contractor (regardless of his or her
classification for federal tax or other legal purposes) by the Company, or (ii) he or she performs services for the Company pursuant to an agreement between the Company and any other person including a leasing organization. 
 2.15     Enrollment Forms.  “Enrollment Forms” mean, collectively, the form or forms prescribed by
the Committee for enrollment in the Plan including (i) a “Deferral Election Form” pursuant to which a Participant agrees to defer Base Salary and/or Bonuses for a Plan Year, (ii) a “Distribution Election Form” pursuant
to which a Participant allocates the amounts of the Deferral Election for each Plan Year among each of his or her Deferral Accounts and elects or changes the form and time of payment for such Deferral Accounts, and (iii) an “Investment
Election Form” pursuant to which a Participant allocates his or her Annual Deferrals or transfers amounts in his or her Deferral Accounts among the Fund Media or from the Company Rate. 
 2.16     ERISA.  “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

 2.17     Fund Rate.  “Fund Rate” means, with respect to any portion of a
Participant’s Deferral Account(s) for which the Fund Rate is applicable, the rate of return based on the income, gains, losses and expenses of the investment vehicles (collectively called “Fund Media”) selected by the Participant in
accordance with Section 5.4. 
 2.18     Key Employee.  “Key Employee” means all
corporate officers of the Company plus employees who are grade 11E and above, unless otherwise timely designated by the Committee in accordance with Code Section 409A. 
 2.19     Open Enrollment Period.  “Open Enrollment Period” means the enrollment period during which
an Eligible Employee may enroll in the Plan for a Plan Year or the remainder of the Plan Year. Open Enrollment Periods shall be established as determined by the Company subject to any limitations or requirements set forth under the terms of the
Plan. 
 2.20     Participant.  “Participant” means any Eligible Employee who enrolls or
commences participation in this Plan as provided under Article III hereof. 
 2.21     Plan.  “Plan” means this Allergan, Inc. Executive Deferred Compensation Plan adopted as of the Effective Date hereof and as it may be amended from time to time. 
  

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 2.22     Plan Entry Date.  “Plan Entry Date” means
the first day of the calendar quarter following the day an employee satisfies the requirements of Section 2.14. 
 2.23     Plan Year.  “Plan Year” means the calendar year. 
 2.24     Restoration Credits.  “Restoration Credits” means the amounts, if any, credited to a Participant’s Deferral Account(s) pursuant to Section 5.1(b), (c), or (d).

 2.25     Savings and Investment Plan.  “Savings and Investment Plan” means the
Allergan, Inc. Savings and Investment Plan, as amended. 
 2.26     Scheduled In-Service
Withdrawal.  “Scheduled In-Service Withdrawal” means a withdrawal elected by the Participant pursuant to Article VII that is payable or commences prior to Termination of Employment. 
 2.27     Termination Benefit.  “Termination Benefit” means a distribution elected by the Participant
pursuant to Article VI that is payable upon Termination of Employment. 
 2.28     Termination; Termination of
Employment.  “Termination” or “Termination of Employment” means the termination of a Participant’s employment with the Company for any reason whatsoever, whether voluntary or involuntary. 
 ARTICLE III 
 ELIGIBILITY
AND PARTICIPATION 
 3.1       Open Enrollment.  For each Plan Year, an Eligible
Employee may elect to enroll in the Plan by completing Enrollment Forms during the Open Enrollment Period preceding such Plan Year. If an Eligible Employee fails to complete Enrollment Forms during an Open Enrollment Period, he or she shall not be
eligible to make Annual Deferrals for such Plan Year but shall remain eligible to do so for a subsequent Plan Year; provided, that he or she continues his or her status as an Eligible Employee and completes Enrollment Forms during a subsequent Open
Enrollment Period. 
 3.2       First Year of Eligibility.  An employee who becomes an
Eligible Employee on or after the first day of a Plan Year, may for his or her first year of initial eligibility, complete Enrollment Forms during the Open Enrollment Period that shall end no later than 30 days after the Eligible Employee’s
Plan Entry Date. In the event an Eligible Employee completes Enrollment Forms during the Open Enrollment Period following his or her Plan Entry Date, such elections made thereunder shall only apply to compensation paid for services performed
following receipt of such Enrollment Forms by the Company. In the event an Eligible Employee fails to complete Enrollment Forms during such Open Enrollment Period, he or she shall not be eligible to make Annual Deferrals under the Plan for the
remainder of the Plan Year but shall remain eligible to do so for a subsequent Plan Year; provided, that he or she continues his or her status as an Eligible Employee and completes Enrollment Forms during a subsequent Open Enrollment Period. This
Section 3.2 shall not apply to any Eligible Employee who was a former Eligible Employee at any time during the 24-month period ending on such Eligible Employee’s 

  

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subsequent return to Eligible Employee status unless the balance of all Deferral Accounts was paid to the Eligible Employee prior to his or her subsequent
Plan Entry Date. 
 3.3       Automatic Enrollment for Restoration Credits.  An Eligible
Employee who fails to enroll in the Plan for a Plan Year during an Open Enrollment Period shall automatically be enrolled in the Plan for any Plan Year for which he or she receives “Restoration Credits” as described in Section 5.1.

 ARTICLE IV 
 DEFERRAL ELECTIONS 
 4.1       Deferral Election.  For each Plan
Year, an Eligible Employee may make a Deferral Election on a voluntary basis by properly completing and submitting Enrollment Forms during the applicable Open Enrollment Period for the Plan Year subject to the following: 
 (a)      A Deferral Election shall be irrevocable for the Plan Year or, if applicable, the remainder of the
Plan Year unless terminated under Section 4.3. 
 (b)      If an Eligible Employee ceases
to be an Eligible Employee during a Plan Year, any Deferral Election shall continue in effect for the remainder of the Plan Year unless terminated under Section 4.3. 
 (c)      A Deferral Election may only apply to amounts paid for an Eligible Employee’s services
performed after the date he or she properly completes and submits his or her Deferral Election Form. 
 (d)      A Deferral Election shall be subject to the requirements set forth in Sections 4.2 below. 
 (e)      An employee who becomes an Eligible Employee after the first day of a Plan Year under Section 3.2 may only defer Base Salary earned after the date he or she properly
completes and submits his or her Deferral Election Form and may not defer any Bonus earned during that first Plan Year. 
 4.2       Maximum Deferral Amount.  Subject to the restrictions provided in Section 4.1, and in accordance with procedures established by the Company, an Eligible Employee may elect
to defer up to one hundred percent (100%) of Base Salary and/or up to one hundred percent (100%) of any Bonus earned during the Plan Year, stated as a percentage. The Committee, in its sole discretion, may change the maximum deferral
percentage for a Plan Year or may replace or provide other Deferral Election options. To the extent permitted by Code Section 409A, a Deferral Election shall be automatically reduced or adjusted if the Committee determines that such action is
necessary or appropriate to meet Federal, State or other applicable tax withholding obligations or to pay for benefits or other obligations arising from the Participant’s relationship with the Company. 
  

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 4.3       Termination of Deferral Election.  An
Eligible Employee’s Deferral Election for a Plan Year shall be immediately terminated upon his or her Termination of Employment, or a hardship withdrawal under the Savings and Investment Plan. An Eligible Employee may request that his or her
Deferral Election for a Plan Year be terminated upon Disability; provided, that, in the case of Disability, the Deferral Election is terminated by the 15th day of the third month following the date the Eligible Employee incurs the Disability. If an Eligible Employee’s Deferral Election is terminated under this Section, any Deferral Election for a subsequent Plan Year shall be made in
accordance with Article III. 
 4.4       Time and Form of Payment.  During the
applicable Open Enrollment Period, an Eligible Employee shall elect the time and/or form of payment of amounts deferred during the Plan Year by allocating such amounts (in whole percentages) among the Participant’s three Deferral Accounts using
a Distribution Election Form. If an Eligible Employee fails to submit a properly completed Distribution Election Form during an Open Enrollment Period or is automatically enrolled in the Plan for a Plan Year pursuant to Section 3.3, the amounts
deferred for such Plan Year shall be put in the Participant’s Termination Benefit Account. Once an amount is placed in a Deferral Account, it may not be moved into a different Deferral Account, except as provided in Section 5.5(c) (for
Scheduled In-Service Distribution Accounts to be distributed which have not yet fully vested). The time and form of payment of each of the Deferral Accounts shall be determined under Articles VI through VIII. 
 ARTICLE V 
 DEFERRAL
ACCOUNTS 
 5.1       Deferral Accounts.    Solely for record keeping
purposes, up to three Deferral Accounts (one Termination Benefit Account and up to two Scheduled In-Service Withdrawal Accounts) shall be established and maintained for each Participant. Pursuant to a Participant’s Distribution Election Form,
the Deferral Accounts shall be credited with the following: 
 (a)      Annual
Deferrals.  Annual Deferrals, if any, shall be credited at the time such amounts would otherwise have been paid to the Participant for the Plan Year. 
 (b)      Matching Contribution Restoration Credit.  If a Participant has contributed the
maximum “Before Tax Deposits” (as defined in the Savings and Investment Plan) permitted under Section 4.2 of the Savings and Investment Plan (but without regard to the catch-up provisions of Section 4.2(e) of the Savings and
Investment Plan and Code Section 414(v)) for the Plan Year, then such Participant’s Deferral Account(s) for such Plan Year shall be credited with a “Matching Contribution Restoration Credit” equal to the excess of the dollar
amount or value of (i) the Participant’s “Matching Contributions” (as defined in the Savings and Investment Plan), without regard to trust income or earnings, based on such Participant’s “Matched Deposits” (as
defined in the Savings and Investment Plan), and such Participant’s “Compensation” (as defined in the Savings and Investment Plan) as increased by any Annual Deferrals made under this Plan up to the limitation imposed by Code
Section 401(a)(17), over (ii) the Participant’s actual “Matching Contributions” for the 

  

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Plan Year under the Savings and Investment Plan. The Matching Contribution Restoration Credit (if any) shall be credited to a Participant’s Deferral
Account for such Plan Year after the end of the Plan Year to which such credit relates and after the Participant’s “Matching Contributions” for such Plan Year under the Savings and Investment Plan are determined, but not later than
the end of the Plan Year following the Plan Year to which such credit relates. 
 (c)      Retirement Contribution Restoration Credit.  If a Participant is a “Retirement Account Participant” (as defined in the Savings and Investment Plan) and is eligible to receive
a Retirement Contribution allocation pursuant to Section 5.4 of the Savings and Investment Plan for a Plan Year, e.g., employed by the Company on the last day of the Plan Year, then such Participant’s Deferral Account(s) for such
Plan Year shall be credited with a “Retirement Contribution Restoration Credit,” the amount of which is equal to the excess of the dollar amount of (i) such Participant’s “Retirement Contribution” (as defined in the
Savings and Investment Plan), without regard to trust income or earnings, based on the Participant’s “Compensation” (as defined in the Savings and Investment Plan) as increased by any Annual Deferrals made under this Plan and without
regard to the limitations imposed by Code Sections 401(a)(4), 401(a)(17) and 415, over (ii) such Participant’s actual “Retirement Contribution” for such Plan Year under the Savings and Investment Plan. The Retirement
Contribution Restoration Credit (if any) shall be credited to a Participant’s Deferral Account(s) for such Plan Year after the end of the Plan Year to which such credit relates and after the Participant’s “Retirement
Contribution” for such Plan Year under the Savings and Investment Plan is determined, but not later than the end of the Plan Year following the Plan Year to which such credit relates. 
 (d)      ESOP Restoration Credit.  A Participant’s Deferral Account(s) may also
contain an ESOP Restoration Credit, for Plan Years beginning prior to January 1, 2003. 
 The amounts (if any) to be credited to a
Participant’s Deferral Accounts pursuant to paragraphs (b) and (c) above shall be credited after the end of the Plan Year to which such credits relate and after such Participant’s actual “Retirement Contribution” and
actual “Matching Contributions” (each as defined in the Savings and Investment Plan) for such Plan Year under the Savings and Investment Plan are determined, but not later than the end of the Plan Year following the Plan Year to which such
credits relate. 
 A Participant’s Restoration Credits shall be credited to the Participant’s Termination Benefit Account under
Article VI and shall not be eligible for distribution as a Scheduled In-Service Withdrawal under Article VII. 
 5.2       Investment Earnings on Deferral Accounts.  The Deferral Accounts of a Participant shall be credited with investment earnings at the Fund Rate or interest at the Company Rate, if
applicable, as provided in Section 5.3. For any portion of a Deferral Account to which the Company Rate is applicable, such portion of the Deferral Account shall be credited each month with interest which shall be compounded on an annual basis
under rules determined by the Committee in its sole discretion. 
  

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 5.3       Participant Investment Elections. 
 (a)      Deferrals and Restoration Credits.  Any Annual Deferrals made by a Participant
and any Restoration Credits credited to a Participant’s Deferral Account with respect to a Deferral Period shall be credited with investment earnings at the Fund Rate and shall not be eligible to be credited with interest at the Company Rate.
The investment allocation of a Participant’s Restoration Credits to Fund Media shall be the allocation selected by the Participant in his or her most recent Investment Election Form. If a Participant does not submit an Investment Election Form
or otherwise select the Fund Media for his or her Restoration Credits, then such Restoration Credits shall be credited to Dodge & Cox Balanced Fund listed on Appendix A (or, if the Dodge & Cox Balanced Fund is unavailable for
any reason, then such Fund Media as the Committee shall determine in its sole discretion), until superseded by a subsequent Investment Election Form properly completed and submitted by such Participant. 
 (b)      Amounts eligible for the Company Rate.  Certain grandfathered amounts that as of
January 1, 2009 are invested at the Company Rate will continue to be eligible to accrue investment earnings at the Company Rate unless transferred to the Fund Rate under subsection (c) below. No other amounts are eligible for the Company
Rate. 
 (c)      Transfers from Company Rate to Fund Rate.  Each Participant
may request to change the investment of all or any portion of his or her Deferral Account from the Company Rate to the Fund Rate subject to the following conditions: 
 (i)      An Investment Election Form, which includes the allocation among Fund Media, must be submitted by
such time as may be established by the Committee from time to time. 
 (ii)     An investment
transfer from the Company Rate to the Fund Rate shall be irrevocable. 
 (d)      Allocation
to Fund Media.  With respect to any portion of the Deferral Account to which the Fund Rate applies, the Participant may prospectively change the investment allocation to Fund Media on a periodic basis as set by the Company,
but not less frequently than monthly, in whole or part by submitting an Investment Election Form or by using such electronic means and under such procedures as the Committee may permit. 
 5.4       Fund Media.  The initial Fund Media under the Plan shall be as set forth on Appendix
A, attached hereto. The Committee may add or delete Fund Media in its sole discretion from time to time. In the event of a deletion of a Fund Media, the Committee is not required to provide a new Fund Media option with similar investment
objectives as those of the deleted Fund Media. For any amounts for which a deleted Fund Media had been selected, the Committee, in its sole discretion, may select an alternative Fund Media, either a fixed income Fund Media or an existing Fund Media
that has similar investment objectives as the deleted Fund Media, to which to assign those amounts until the Participant selects otherwise. The Committee shall have no liability or responsibility with respect to the absolute or relative return of
such 

  

 - 8 - 

 
alternative Fund Media to which it assigns such amounts. Participants must make an investment allocation to Fund Media in whole percentages equal to one
hundred percent (100%), in the aggregate, of the amount invested in Deferral Accounts to which the Fund Rate applies. 
 5.5       Vesting of Deferral Account. 
 (a)      A Participant shall be fully vested in his or her Annual Deferrals, Matching Contribution Restoration Credits, and ESOP Restoration Credits. 
 (b)      A Participant shall vest in his or her Retirement Contribution Restoration Credits and any
investment earnings thereon in accordance with the following schedule: 
  

			
	Years of Service	  	Vested Percentage
		
	Less than 1	  	    0%
	1 but less than 2	  	  20%
	2 but less than 3	  	  40%
	3 but less than 4	  	  60%
	4 but less than 5	  	  80%
	5 or more	  	100%

 For purposes of this Section 5.5, a Participant’s Years of Service under
the Plan shall be equal to the Participant’s “Credited Service” (as defined in the Savings and Investment Plan) credited to such Participant under the Savings and Investment Plan. 
 Upon a Participant’s Termination of Employment, any unvested amounts and applicable investment earnings thereon shall be forfeited
after 90 days from the Termination of Employment, as of the last day of the month in which the 90-day period ends, and his or her Deferral Accounts will be adjusted accordingly. Any forfeited amounts shall be used to offset Restoration Credits to be
made by the Company for the following Plan Year. 
 (c)      Notwithstanding paragraph
(b) above, a Participant shall become fully vested in his or her Retirement Contribution Restoration Credits and any investment earnings thereon, if while employed by the Company, (i) he or she attains age 62, (ii) he or she
dies, (iii) he or she incurs a “Severance” due to a “Disability” (as each term is defined in the Savings and Investment Plan), or (iv) a Change in Control occurs as defined in Section 11.2. 
 5.6       Statement of Accounts.  The Committee shall provide to each Participant periodic statements
setting forth the balance of the Deferral Accounts maintained for such Participant. Notwithstanding anything contained in such statements, the provisions of the Plan shall govern exclusively the actual rate of investment earnings to be credited and
paid. 
  

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 ARTICLE VI 
 TERMINATION BENEFIT ACCOUNT 
 6.1       Payment Upon
Termination of Employment.  Upon a Participant’s Termination of Employment, the Company shall pay to the Participant his or her Termination Benefit Account, as well as his or her outstanding Scheduled In-Service Withdrawal
Accounts (even if such Deferral Accounts are in pay status) as a Termination Benefit at such time and in such form as provided in Sections 6.2 and 6.3 or as permitted in Section 6.4. 
 6.2       Time of Commencement.  A Termination Benefit shall commence payment on the first business
day of January of the next following calendar year after Termination of Employment, subject to the following rules: 
 (a)      Six-Month Delay.  In the case of a Participant who is a Key Employee, the payment of a Participant’s Termination Benefit shall (i) commence or shall be made no earlier than
(1) the first business day after six (6) months following the Participant’s Termination of Employment or (2) the death of the Participant, whichever occurs first and (ii) any payments to which such Participant would have
been entitled to during the six-month delay shall be paid on the first day of the seventh month. 
 (b)      Administrative Delay of Payment.  For purposes of this Section 6.2, the payment of a Termination Benefit shall be treated as made upon the date specified herein, if, in the sole
discretion of the Company, payment commences or is made by (i) the last day of the calendar year which contains the scheduled payment date, (ii) the last day of the calendar year in which a six-month delay (as described in subsection (a))
expires, or (iii) the 15th day of the third calendar month following the scheduled payment date or delayed payment date, whichever is the latest to occur. 
 6.3       Form of Termination Benefit.  Upon Termination of Employment, a Participant’s Deferral Accounts shall be paid in twenty (20) quarterly
installments (the “default payment”), subject to the following: 
 (a)      Participant Election.  A Participant may elect that the Termination Benefit shall be paid in the form of either forty (40) or sixty (60) quarterly installments, if such
election is made either (i) prior to January 1, 2009 in accordance with the Code Section 409A transition election rule described in Section 1.3, or (ii) during the Participant’s first Open Enrollment Period, i.e., prior
to the time any amounts have ever been deferred by the Participant under the Plan. 
 (b)      Predetermined Cash-Out of $50,000.  If the total sum of a Participant’s Deferral Accounts on the date of his or her Termination of Employment (as adjusted for amounts accrued as
of that date but not yet credited) is more than the limited cash-out amount described in subsection (a) but $50,000 or less, his or her Termination Benefit shall be paid in a single lump sum. 
 6.4       Change in Payout Timing.  A Participant may elect to change the time and/or form of the
Termination Benefit, provided that such form of payment is permitted under Section 6.3, and provided that: 
  

 - 10 - 

 (a)      No more than two (2) elections shall be
permitted; 
 (b)      The election shall not take effect until 12 months after the date on
which the election is made; and 
 (c)      The payment date installment payments are to begin
shall be postponed by the election for at least five (5) years later than the prior payment date. 
 ARTICLE VII

 SCHEDULED IN-SERVICE WITHDRAWALS 
 7.1       Entitlement to Scheduled In-Service Withdrawal.  A Participant may elect to place Annual Deferral amounts (but not Restoration Credits) in up to two (at
any given time) Scheduled In-Service Withdrawal Accounts for distribution of benefits as separate Scheduled In-Service Withdrawals prior to Termination of Employment at such times and in such forms as permitted in Sections 7.3 and 7.4 below.
Notwithstanding placement of amounts in Scheduled In-Service Withdrawal Accounts, if the Participant has a Termination of Employment prior to full payment of a Scheduled In-Service Withdrawal Account, the Scheduled In-Service Withdrawal shall be
superseded and any unpaid amounts shall be paid as a Termination Benefit under Article VI. 
 7.2       Number of Outstanding Scheduled In-Service Withdrawal Accounts.  A Participant may have no more than two (2) outstanding Scheduled In-Service Withdrawal Accounts at a time,
however, once a Scheduled In-Service Withdrawal Account has been completely paid out, a new Scheduled In-Service Withdrawal Account may be elected. 
 For example, for 2009, a Participant elects for half of his Annual Deferrals to go into a Scheduled In-Service Withdrawal Account to be paid as a single-lump sum in 2012, and the other half to go into a second
Scheduled In-Service Withdrawal Account to be paid as a single lump sum in 2015. After the first Scheduled In-Service Withdrawal Account has been distributed in 2012, the Participant may elect for amount being deferred in 2013 to go into a new
Scheduled In-Service Withdrawal Account to be paid as a single lump sum in 2016. 
 7.3       Time of
Commencement.  The payment of a Scheduled In-Service Withdrawal shall commence or shall be made in January of such year as elected by the Participant but in no event earlier than the third calendar year following the Plan Year for
which the amounts are being deferred. 
 For example, under the same facts as the example in Section 7.2, although a
Participant could elect for his Annual Deferrals for 2013 to go into the new Scheduled In-Service Withdrawal Account to be paid as a single lump sum in 2016, the Participant could not elect for amounts being deferred in 2013 to go into the other
Scheduled In-Service Withdrawal Account, which is to be paid as a single lump sum in 2015, because the payment date is earlier than the third calendar year following the 2013 Plan Year. 
  

 - 11 - 

 7.4       Form of Scheduled In-Service Withdrawal.  A
Scheduled In-Service Withdrawal shall be paid in the form of a single lump sum, unless a Participant elects for payment in quarterly installments over two (2), three (3), or four (4) years. 
 7.5       Change in Time and/or Form of Payment.  A Participant may change the time and/or form of a
Scheduled In-Service Withdrawal, provided that such form of payment is permitted under Sections 7.5, and provided that: 
 (a)      No more than two (2) elections shall be permitted for a given Scheduled In-Service Withdrawal; 
 (b)      The election shall not take effect until 12 months after the date on which the election is made; 
 (c)      The payment date or first scheduled installment payment date shall be postponed by the election
for at least five (5) years later than the prior payment date or first scheduled installment payment date; and 
 (d)      An election shall not be permitted unless the election is made at least 12 months prior to payment date or first scheduled installment payment date. 
 ARTICLE VIII 
 ACCELERATION
UPON DEATH OR DISABILITY 
 Notwithstanding the distribution provisions of Articles VI and VII, in the event that a Participant
incurs a Disability or dies, the Company shall pay to the Participant, or the Participant’s Beneficiary in the event of Participant’s death, all of his or her outstanding Deferral Accounts (including unpaid Deferral Accounts already in pay
status) in a single lump sum within ninety (90) days of the occurrence of the Disability or death. For example, if a Participant dies on April 1st while still employed, all of the Participant’s outstanding Deferral Accounts shall be paid to the Participant’s Beneficiary by June 30th, regardless of any election of the Participant. 
 ARTICLE IX 
 ADDITIONAL BENEFIT PAYMENT RULES 
 9.1       Constructive Receipt.  To the extent permitted under Code Section 409A, the Committee may change any election or option available under the Plan, or the form or timing of
any benefit payment, if the Committee determines, based on the advice of counsel or other consultants to the Company, that such a change is necessary or advisable in order to avoid or limit the risk of adverse tax consequences to Participants or
Beneficiaries under Code Section 409A or based on application of the doctrine of “constructive receipt” or a similar Federal or State tax principle. 
  

 - 12 - 

 9.2       Postponement of Payment.  To the extent
permitted under Code Section 409A, if a distribution of all or part of a Participant’s Deferral Accounts would not be deductible to the Company because of the restrictions imposed by Code Section 162(m) (or any successor provision),
such distribution shall be postponed (to the extent necessary) to the first business day of the first Plan Year in which the limitation on deductibility would not apply. Any postponed distribution under this Section shall be credited with investment
earnings at the rate otherwise applicable to the Deferral Accounts at the time when the distribution was originally scheduled for payment. 
 9.3       Installment Payments.  Investment earnings shall be credited to the date that the Committee selects in its sole discretion for valuation for distribution purposes and the
Committee shall make appropriate adjustments to an installment amount to reflect investment gains or losses by dividing the remaining amount of a Participant’s Deferral Account(s) by the remaining number of installments. For purposes of Code
Section 409A, the entitlement to a series of installment payments shall be treated as the entitlement to a single payment. 
 ARTICLE X 
 ADMINISTRATION OF THE PLAN 
 10.1     Administration by Committee.  This Plan shall be administered by a committee (the
“Committee”) which shall exercise such powers and have such duties in administering the Plan as are hereinafter set forth. The Board of Directors shall determine the number of members of such Committee. The members of the Committee shall
be appointed by the Board and the Board shall from time to time fill all vacancies occurring in said Committee. A member of the Committee may be a Participant in this Plan; provided, however, that any action to be taken by the Committee solely with
respect to the particular interest in this Plan of a Committee member shall be taken by the remaining members of the Committee. 
 10.2     Committee Authority; Rules and Regulations.  The Committee shall have discretionary authority to (i) make, amend, interpret and enforce all appropriate rules and regulations for the
administration of the Plan, (ii) decide or resolve any and all questions, including interpretations of the Plan, as may arise in connection with the Plan, and (iii) take or approve all such other actions relating to the Plan (other than
amending or terminating the Plan); provided, however, that the Board may, by written notice to the Committee, withdraw all or any part of the Committee’s authority at any time, in which case such withdrawn authority shall immediately revest in
the Board. The decision or action of the Committee in respect of any question arising out of or in connection with the administration, interpretation and application of this Plan and the rules and regulations promulgated hereunder shall be final,
conclusive and binding upon all persons having any interest in the Plan. 
 10.3     Appointment of
Agents.  In the administration of the Plan, the Board and the Committee may from time to time employ agents (which may include officers and employees or the Company) and delegate to them such administrative duties as it sees fit and
may from time to time consult with counsel who may be counsel to the Company. 
  

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 10.4     Application of Benefits.  The Committee may require
any person claiming benefits under the Plan to submit an application therefor, together with such documents and information as the Committee may require. In the case of any person suffering from a disability or other condition which prevents such
person from making personal application for benefits, the Committee may, in its discretion, permit application to be made by another person acting on his or her behalf. Notwithstanding the foregoing, if the Committee shall have all information
necessary to determine the amount and form of Plan benefits payable to a Participant or Beneficiary who is entitled to benefit payments under this Plan (including, to the extent applicable and without limiting the generality of the foregoing, the
name, age, sex and proper mailing address of all parties entitled to benefit payments), then the failure of a Participant or Beneficiary to file an application for benefits shall not cause the Committee to defer the commencement of benefit payments
beyond the benefit commencement date required under this Plan. 
 10.5     Claims Procedures.  If a
Participant or his or her Beneficiary believes that he or she is being denied any rights or benefits under the Plan, the Participant, Beneficiary, or in either case, his or her authorized representative (the “Claimant”) shall follow the
administrative procedures for filing a claim for benefits as set forth in this Section. A claim for benefits shall be in writing and shall be reviewed by the Committee or a claims official designated by the Committee. The Committee or claims
official shall review a claim for benefits in accordance with the procedures established by the Committee subject to the following administrative procedures set forth in this Section. 
 (a)      The Committee shall furnish the Claimant with written or electronic notice of the decision
rendered with respect to a claim for benefits within 90 days following receipt by the Committee (or its delegate) of the claim unless the Committee determines that special circumstances require an extension of time for processing the claim. In
the event an extension is necessary, written or electronic notice of the extension shall be furnished to the Claimant prior to the expiration of the initial 90 day period. The notice shall indicate the special circumstances requiring an
extension of time and the date by which a final decision is expected to be rendered. In no event shall the period of the extension exceed 90 days from the end of the initial 90 day period. 
 (b)      In the case of a denial of the Claimant’s claim in whole or in part, the written or
electronic notice of such denial shall set forth (i) the specific reasons for the denial, (ii) references to the Plan provisions upon which the denial is based, (iii) a description of any additional information or material necessary
for perfection of the claim (together with an explanation why such material or information is necessary), (iv) an explanation of the Plan’s appeals procedures, and, if applicable, (v) a statement of the Claimant’s right to bring
a civil action under Section 502(a) of ERISA if his or her claim is denied upon appeal. 
 (c)      In the case of a denial of a claim, a Claimant who wishes to appeal the decision shall follow the administrative procedures for an appeal as set forth in Section 10.6 below. 
  

 - 14 - 

 10.6     Appeals Procedures.  A Claimant who wishes to appeal
the denial of his or her claim for benefits shall follow the administrative procedures for an appeal as set forth in this Section and shall exhaust such administrative procedures prior to seeking any other form of relief. Appeals shall be reviewed
in accordance with the procedures established by the Committee subject to the following administrative procedures set forth in this Section. 
 (a)      In order to appeal a decision rendered with respect to his or her claim for benefits, a Claimant must file an appeal with the Committee in writing within 60 days following
his or her receipt of the notice of denial with respect to the claim. 
 (b)      The
Claimant’s appeal may include written comments, documents, records and other information relating to his or her claim. The Claimant may review all pertinent documents and, upon request, shall have reasonable access to or be provided free of
charge, copies of all documents, records, and other information relevant to his or her claim. 
 (c)      The Committee shall provide a full and fair review of the appeal and shall take into account all claim related comments, documents, records, and other information submitted by the Claimant without
regard to whether such information was submitted or considered under the initial determination or review of the initial determination. Where appropriate, the Committee will overturn a notice of denial if it determines that an error was made in the
interpretation of the controlling plan documents or if the Committee determines that an existing interpretation of the controlling plan documents should be changed on a prospective basis. In the event the Claimant is a subordinate, as determined by
the Committee, to an individual conducting the review, such individual shall recuse himself or herself from the review of the appeal. 
 (d)      The Committee shall furnish the Claimant with written or electronic notice of the decision rendered with respect to an appeal within 60 days following receipt by the
Committee of the appeal unless the Committee determines that special circumstances require an extension of time for processing the appeal. In the event an extension is necessary, written or electronic notice of the extension shall be furnished to
the Claimant prior to the expiration of the initial 60 day period. The notice shall indicate the special circumstances requiring an extension of time and the date by which a final decision is expected to be rendered. In no event shall the
period of the extension exceed 60 days from the end of the initial 60 day period. 
 (e)      In the case of a denial of an appeal, the written or electronic notice of such denial shall set forth (i) the specific reasons for the denial, (ii) references to the Plan provisions upon
which the denial is based, (iii) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relating to his or her claim for
benefits, and, if applicable, (iv) a statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA. 
  

 - 15 - 

 ARTICLE XI 
 CHANGE IN CONTROL 
 11.1     Effect of a Change in
Control.  Notwithstanding any other provision of the Plan, in the event that a Change in Control (as defined in Section 11.2) occurs on or after the Effective Date hereof, the Company may not amend or terminate the Plan in any
manner in order to (i) change downward the method of determining the Fund Rate of any Fund Media or the Company Rate, if applicable, to be credited to the Deferral Accounts of Participants thereafter without the written consent of such
Participants, or (ii) modify or eliminate any distribution method, selection of Fund Media, option or election (including all such methods, options and elections set forth in Articles V through VIII) available to Participants with respect to
Deferral Accounts and Deferral Elections that exist on the date such Change in Control occurs. 
 11.2     Change
in Control Defined.  As used in this Plan, “Change in Control” shall mean the following and shall be deemed to occur if any of the following events occur: 
 (a)      Any “person,” as such term is used in Sections 13(d) and 14(d) of the Securities
Exchange Act of 1934, as amended (the “Exchange Act”) (a “Person”), is or becomes the “beneficial owner,” as defined in Rule 13d-3 under the Exchange Act (a “Beneficial Owner”), directly or indirectly, of
securities of Allergan representing (i) 20% or more of the combined voting power of Allergan’s then outstanding voting securities, which acquisition is not approved in advance of the acquisition or within 30 days after the acquisition by a
majority of the Incumbent Board (as hereinafter defined) or (ii) 33% or more of the combined voting power of Allergan’s then outstanding voting securities, without regard to whether such acquisition is approved by the Incumbent Board;

 (b)      Individuals who, as of the Effective Date hereof, constitute the Board of Directors
(the “Incumbent Board”) cease for any reason to constitute at least a majority of the Board of Directors, provided that any person becoming a director subsequent to the Effective Date hereof whose election, or nomination for election by
Allergan’s stockholders, is approved by a vote of at least a majority of the directors then comprising the Incumbent Board (other than an election or nomination of an individual whose initial assumption of office is in connection with an actual
or threatened election contest relating to the election of the directors of Allergan, as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) shall, for the purposes of this Plan, be considered as though such
person were a member of the Incumbent Board of Allergan; 
 (c)      The consummation of a
merger, consolidation or reorganization involving Allergan, other than one which satisfies both of the following conditions: 
 (i)      a merger, consolidation or reorganization which would result in the voting securities of Allergan outstanding immediately prior thereto continuing to represent (either by remaining outstanding or by
being converted into voting securities of another entity) at least 55% of the combined voting power of the voting securities of Allergan or such other entity resulting from the merger, consolidation or reorganization (the “Surviving
Corporation”) outstanding 

  

 - 16 - 

 
immediately after such merger, consolidation or reorganization and being held in substantially the same proportion as the ownership in Allergan’s voting
securities immediately before such merger, consolidation or reorganization, and 
 (ii)     a
merger, consolidation or reorganization in which no Person is or becomes the Beneficial Owner, directly or indirectly, of securities of Allergan representing 20% or more of the combined voting power of Allergan’s then outstanding voting
securities; or 
 (d)      The stockholders of Allergan approve a plan of complete liquidation
of Allergan or an agreement for the sale or other disposition by Allergan of all or substantially all of Allergan’s assets. 
 Notwithstanding the preceding provisions of this Section 11.2, a Change in Control shall not be deemed to have occurred if the Person described in the preceding provisions of this Section 13.2 is (i) an underwriter or
underwriting syndicate that has acquired the ownership of any of Allergan’s then outstanding voting securities solely in connection with a public offering of Allergan’s securities, (ii) Allergan or any subsidiary of Allergan or
(iii) an employee stock ownership plan or other employee benefit plan maintained by Allergan (or any of its affiliated companies) that is qualified under the provisions of the Code. In addition, notwithstanding the preceding provisions of this
Section 13.2, a Change in Control shall not be deemed to have occurred, (i) if the Person described in the preceding provisions of this Section 13.2 becomes a Beneficial Owner of more than the permitted amount of outstanding
securities as a result of the acquisition of voting securities by Allergan which, by reducing the number of voting securities outstanding, increases the proportional number of shares beneficially owned by such Person, provided, that if a Change in
Control would occur but for the operation of this sentence and such Person becomes the Beneficial Owner of any additional voting securities (other than through the exercise of options granted under any stock option plan of the Company or through a
stock dividend or stock split), then a Change in Control shall occur, and (ii) upon the distribution of the stock of Advanced Medical Optics, Inc. on June 29, 2002 by Allergan to its stockholders. 
 ARTICLE XII 
 ESTABLISHMENT
OF TRUST 
 12.1     Establishment of Trust.  Contemporaneous with the adoption of this
Plan, the Company established the Trust Agreement for Allergan, Inc. Executive Deferred Compensation Plan (the “Trust” or “Trust Agreement”). The Trust created thereunder is a grantor trust within the meaning of subpart E, part
I, subchapter J, chapter 1, subtitle A of the Code. JPMorgan Chase Bank, N.A. has been named as Trustee under such Trust Agreement. The provisions of the Trust Agreement are incorporated herein by reference. 
 12.2     Funding of Trust.  All amounts of Base Salary or Bonuses that are subject to Deferral Elections by
Participants under this Plan shall be contributed by the Company to the Trust (or directly to other investment vehicles to be held by the Trustee as part of the Trust’s 

  

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assets) at or about the same time as such amounts are credited to the Deferral Accounts of Participants. 
 12.3     Investment in Fund Media.  With respect to assets of the Trust attributable to Deferral Elections
where the Fund Rate applies, the Committee may provide, in its sole discretion, methods by electronic means or otherwise for Participants (or the Committee where the Plan so provides) to make or change investment decisions consistent with the terms
of the Plan. 
 ARTICLE XIII 
 MISCELLANEOUS PROVISIONS 
 13.1     Designation of Beneficiary.  A
Participant shall be entitled to designate one or more individuals or entities, in any combination, as his or her “Beneficiary” or “Beneficiaries” to receive any Plan payments to which such Participant is entitled as of, or by
reason of, his or her death. Any such designation may be made or changed at any time prior to the Participant’s death by written notice filed with the Committee, with such written notice to be in such form and contain such information as the
Committee may from time to time determine. In the event that either (i) a Beneficiary designation is not on file at the date of a Participant’s death, (ii) no Beneficiary survives the Participant, or (iii) no Beneficiary is
living at the time any payment becomes payable under this Plan, then, for purposes of making any further payment of any unpaid benefits under this Plan, such Participant’s Beneficiary or Beneficiaries shall be deemed to be the estate of the
Participant. 
 13.2     Payments During Incapacity.  In the event a Participant (or Beneficiary)
is under mental or physical incapacity at the time of any payment to be made to such Participant (or Beneficiary) pursuant to this Plan, any such payment may be made to the conservator or other legally appointed personal representative having
authority over and responsibility for the person or estate of such Participant (or Beneficiary), as the case may be, and for purposes of such payment references in this Plan to the Participant (or Beneficiary) shall mean and refer to such
conservator or other personal representative, whichever is applicable. In the absence or any lawfully appointed conservator or other personal representative of the person or estate of the Participant (or Beneficiary), any such payment may be made to
any person or institution that has apparent responsibility for the person and/or estate or the Participant (or Beneficiary) as determined by the Committee. Any payment made in accordance with the provisions of this Section 13.2 to a person or
institution other than the Participant (or Beneficiary) shall be deemed for all purposes of this Plan as the equivalent of a payment to such Participant (or Beneficiary), and the Company shall have no further obligation or responsibility with
respect to such payment. 
 13.3     Domestic Relations Orders.  Notwithstanding any provision in
the Plan to the contrary and subject to the approval of the Committee, in the event all or portion of a Participant’s vested benefit under the Plan is awarded to an individual (hereinafter referred to as the “alternate payee”)
pursuant to a domestic relations order entered by a court in settlement of marital property rights (hereinafter referred to as a “DRO”), the awarded benefit shall be distributed to the alternate payee in a single lump sum as soon as
administratively feasible 

  

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following receipt of the DRO by the Company. If the alternate payee is awarded an interest in both the vested and non-vested portions of a Participant’s
benefit under the Plan, the awarded benefit shall be distributed to the alternate payee in a single lump sum as soon as administratively feasible following the date the Participant is fully vested in his or her benefit or, if earlier, the date on
which the Participant’s entire vested benefit under the Plan can be determined. It is intended that a DRO shall be approved by the Committee only if it meets the applicable requirements of a “qualified domestic relations order” as
defined in Code Section 414(p) and only to the extent the distribution provisions of this Section are permitted under Code Section 409A. 
 13.4     Prohibition Against Assignment.  Except as otherwise expressly provided in Sections 13.1, 13.2, and 13.3 hereof, the rights, interests and benefits of a Participant under this Plan
(i) may not be sold, assigned, transferred, pledged, hypothecated, gifted, bequeathed or otherwise disposed of to any other party by such Participant or any Beneficiary, executor, administrator, heir, distributee or other person claiming under
such Participant, and (ii) shall not be subject to execution, attachment or similar process. Any attempted sale, assignment, transfer, pledge, hypothecation, gift, bequest or other disposition of such rights, interests or benefits contrary to
the foregoing provisions of this Section 13.4 shall be null and void and without effect. 
 13.5     Binding
Effect.  The provisions of this Plan shall be binding upon the Company, the Participants and any successor-in-interest to the Company or to any Participant. 
 13.6     No Transfer of Interest.  Other than as provided in Article XII and in the Trust Agreement, benefits under this Plan shall be payable solely from the general assets
of the Company and no person shall be entitled to look to any source for payment of such benefits other than the general assets of the Company. The Company shall have and possess all title to, and beneficial interest in, any and all funds or
reserves maintained or held by the Company on account of any obligation to pay benefits as required under this Plan, whether or not earmarked by the Company as a fund or reserve for such purpose; any such funds or reserves shall be subject to the
claims of the creditors of the Company, and the provisions of this Plan are not intended to create, and shall not be interpreted as vesting, in any Participant, Beneficiary or other person, any right to or beneficial interest in any such funds or
reserves. 
 13.7     Amendment or Termination of the Plan.  The Company, by action of its Board of
Directors, may amend this Plan from time to time in any respect that it deems appropriate or desirable, and may terminate this Plan at any time; provided, however, that any such Plan amendment or Plan termination shall not, without a
Participant’s written consent, be given effect with respect to such Participant to the extent such Plan amendment or Plan termination operates to reduce or eliminate (except to the extent that amounts are distributed under the Plan) such
Participant’s Deferral Accounts as of the date of such amendment or termination. In addition, if the Board amends the Plan so as to make a change in the formula for determining the Fund Rate of any Fund Media or the Company Rate, if applicable,
to be credited under the Plan, such amendment shall not become effective until thirty (30) days advance written notice is given to Participants. 
  

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 13.8     No Right to Employment.  This Plan is voluntary on the
part of the Company, and the Plan shall not be deemed to constitute an employment contract between the Company and any Participant, nor shall the adoption or existence of the Plan or any provision contained in the Plan be deemed to be a required
condition of the employment of any Participant. Nothing contained in this Plan shall be deemed to give any Participant the right to continued employment with the Company, and the Company may terminate any Participant at any time, in which case the
Participant’s rights arising under this Plan shall be only those expressly provided under the terms of this Plan. 
 13.9     Notices.  All notices, requests, or other communications (hereinafter collectively referred to as “Notices”) required or permitted to be given hereunder or which are given with
respect to this Plan shall be in writing and may be personally delivered, or may be deposited in the United States mail, postage prepaid and addressed as follows: 
  

					
	To the Company	  	Allergan, Inc.	  	
	or the Committee at:	  	Attention:	  	Global Investments & Benefits Subcommittee
		  		  	(Executive Deferred Compensation Plan)
		  	2525 Dupont Drive
		  	Irvine, CA 92612
		
		  	cc: General Counsel
		
	To Participant at:	  	The Participant’s residential mailing address as reflected in the Company’s employment records

 A Notice which is delivered personally shall be deemed given as of the date or personal delivery, and a Notice
mailed as provided herein shall be deemed given on the second business day following the date so mailed. Any Participant may change his or her address for purposes of Notices hereunder pursuant to a Notice to the Committee, given as provided herein,
advising the Committee of such change. The Company and/or the Committee may at any time change its address for purposes of Notices hereunder pursuant to a Notice to all Participants, given as provided herein, advising the Participants of such
change. 
 13.10    Governing Law.  This Plan shall be governed by, interpreted under, and construed and
enforced in accordance with ERISA and, to the extent applicable, the internal laws (and not the laws pertaining to conflicts or choice of laws), of the State of California applicable to agreements made and to be performed wholly within the State of
California. 
 13.11    Titles and Headings; Gender of Terms.  Article and Section headings herein are
for reference purposes only and shall not be deemed to be part of the substance of this Plan or in any way to enlarge or limit the meaning or interpretation of any provision in this Plan. Use in this Plan of the masculine, feminine or neuter gender
shall be deemed to include each of the omitted genders if the context so requires. 
 13.12    Severability.  In the event that any provision of this Plan is found to be invalid or otherwise unenforceable by a court or other tribunal of competent jurisdiction, such invalidity or 

  

 - 20 - 

 
unenforceability shall not be construed as rendering any other provision contained herein invalid or unenforceable, and all such other provisions shall be
given full force and effect to the same extent as though the invalid and unenforceable provision was not contained herein. 
 13.13    Tax Effect of Plan.  The Company does not warrant any tax benefit nor any financial benefit under the Plan. Without limiting the foregoing, directors, officers, and employees of the Company
(other than in their capacity as Participants) shall be held harmless by the Company from, and shall not be subject to any liability on account of, any Federal or State tax consequences or any consequences under ERISA of any determination as to the
amount of Plan benefits to be paid, the method by which Plan benefits are paid, the persons to whom Plan benefits are paid, or the commencement or termination of the payment of Plan benefits. 
 IN WITNESS WHEREOF, Allergan, Inc. hereby executes this instrument, evidencing the terms of the Allergan, Inc. Executive Deferred Compensation Plan
as restated this 19th day of December, 2008. 
  

					
	ALLERGAN, INC.
			
	By	 	/s/ Douglas S. Ingram	  	
		 	Douglas S. Ingram	  	
		 	Executive Vice President, Chief Administrative Officer, General Counsel and Secretary

  

 - 21 - 

 APPENDIX A 
 Fund Media 
 The following are designated as the Fund Media as of the adoption date of this 2009
Restatement subject to addition or deletion as set forth in Section 5.4: 
 Vanguard Prime Money Market Fund 
 Western Asset Core Plus Bond Portfolio - Inst 
 Dodge & Cox Balanced
Fund 
 Dodge & Cox Stock Fund 
 American Century Income
and Growth Fund - Inst 
 Barclays Global Inv S&P 500 Equity Index Fund - I 
 Janus Adviser INTECH Risk-Managed Growth-I 
 Columbia Marsico Equities - Z 
 TIAA-CREF Inst’l Small Cap Blend Index - Inst 
 Evergreen Special Values
- I 
 TimesSquare Small Cap Growth Fund 
 American Funds New
Perspective Fund – R5 
 American Funds EuroPacific Growth Fund – R5 
 This Appendix A shall be changed automatically to reflect the current Fund Media when the Committee adds or deletes Fund Media in accordance with Section 5.4.

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