Document:

Form of JBT Corporation Incentive Compensation and Stock Plan

 Exhibit 10.4 
 FORM OF 
 JOHN BEAN TECHNOLOGIES CORPORATION 
 INCENTIVE COMPENSATION AND STOCK PLAN 
 SECTION 1. PURPOSE 
 The purpose of the Plan is to give the Company a competitive advantage in attracting, retaining
and motivating officers, employees, directors and consultants of the Company and its Affiliates. 
 SECTION 2. DEFINITIONS 
 2.1 General. For purposes of the Plan, the following terms are defined as set forth below: 
  

	 	(a)	“Affiliate” means a corporation or other entity controlled by, controlling or under common control with the Company, including, without limitation, any
corporation, partnership, joint venture or other entity during any period in which at least a fifty percent (50%) voting or profits interest is owned, directly or indirectly, by the Company or any successor to the Company.

  

	 	(b)	“Annual Retainer” means the retainer fee established by the Board and paid to a Non-Employee Director for services on the Board for a specified year.

  

	 	(c)	“Award” means a Management Incentive Award, Stock Option, Stock Appreciation Right, Performance Unit, Stock Unit, Restricted Stock or other award authorized
under the Plan. 

  

	 	(d)	“Award Cycle” means a period of consecutive fiscal years or portions thereof designated by the Committee over which Awards are to be earned.

  

	 	(e)	“Board” means the Board of Directors of the Company. 

  

	 	(f)	“Business Unit” means a unit of the business of the Company or its Affiliates as determined by the Committee and the CEO. 

  

	 	(g)	“Capital Employed” means operating working capital plus net property, plant and equipment. 

  

	 	(h)	 “Cause” means (1) “Cause” as defined in any Individual Agreement to which the participant is a party, or (2) if there is
no such Individual Agreement, or, if it does not define “Cause”: (A) the participant having been convicted of, or pleading guilty or nolo contendere to, a felony under federal or state law; (B) the willful and continued failure
on the part of the participant to substantially perform his or her employment duties in any material respect (other than such failure resulting from Disability), after a written demand for substantial performance is delivered to the participant that
specifically identifies the manner in which the Company 

	 	 
believes the participant has failed to perform his or her duties, and after the participant has failed to resume substantial performance of his or her duties
within thirty (30) days of such demand; or (C) willful and deliberate conduct on the part of the participant that is materially injurious to the Company or an Affiliate; or (D) prior to a Change in Control, such other events as will
be determined by the Committee. The Committee will, unless otherwise provided in an Individual Agreement with the participant, determine whether “Cause” exists. 

  

	 	(i)	“CEO” means the Company’s chief executive officer. 

  

	 	(j)	“Change in Control” and “Change in Control Price” have the meanings set forth in Sections 15.2 and 15.3, respectively.

  

	 	(k)	“Code” means the Internal Revenue Code of 1986, as amended from time to time, and any successor thereto. 

  

	 	(l)	“Committee” means the Compensation Committee of the Board, or such other committee as the Board may from time to time designate. 

  

	 	(m)	“Common Stock” means (1) the common stock of the Company, par value $.01 per share, subject to adjustment as provided in Section 4.1 Shares
Available for Issuance; or (2) if there is a merger or consolidation and the Company is not the surviving corporation, the capital stock of the surviving corporation given in exchange for such common stock of the Company.

  

	 	(n)	“Company” means John Bean Technologies Corporation, a Delaware corporation. 

  

	 	(o)	“Covered Employee” means a participant who has received a Management Incentive Award, Restricted Stock, Performance Units, Stock Units or Restricted Stock
Units, who has been designated as such by the Committee and who is or may be a “covered employee” within the meaning of Section 162(m)(3) of the Code in the year in which the Management Incentive Award, Restricted Stock or Performance
Units are expected to be taxable to such participant. 

  

	 	(p)	“Disability” means, unless otherwise provided by the Committee, (1) “Disability” as defined in any Individual Agreement to which the
participant is a party, or (2) if there is no such Individual Agreement, or, if it does not define “Disability,” permanent and total disability as determined under the Company’s long-term disability plan.

  

	 	(q)	 “Dividend Equivalent Rights” means the right to receive cash, Stock Options, Restricted Stock, Performance Units, Stock Units or Restricted
Stock Units as determined by the Committee, in an amount equal to any dividends that would have been paid on a Stock Option, Restricted Stock, Performance Unit, Stock Units or Restricted Stock Units as applicable, with Dividend Equivalent Rights if
such Stock Option, Restricted Stock, Performance Unit, Stock Units or Restricted Stock Units as applicable, was a share of Common Stock held by the participant 

  

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on the dividend payment date. Unless the Committee determines that Dividend Equivalent Rights will be paid in cash as of the dividend payment date, such
Dividend Equivalent Rights, once credited, will be converted into an equivalent number of Stock Options, shares of Restricted Stock, Performance Units, Stock Units or Restricted Stock Units as applicable; provided, however, that the number of shares
subject to any Award will always be a whole number. Unless otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in cash, the number of Stock Options, shares of Restricted Stock, Performance Units, Stock Units
or Restricted Stock Units into which a Dividend Equivalent Right will be converted will be calculated as of the dividend payment date, in accordance with the following formula: 

 (A x B)/C 
 in which “A” equals the
number of Stock Options, shares of Restricted Stock, Performance Units, Stock Units or Restricted Stock Units with Dividend Equivalent Rights held by the participant on the dividend payment date, “B” equals the cash dividend per share and
“C” equals the Fair Market Value per share of Common Stock on the dividend payment date. Unless otherwise determined by the Committee as of the dividend payment date, if a dividend is paid in property other than cash, the number of Stock
Options, shares of Restricted Stock Performance Units, Stock Units or Restricted Stock Units as applicable into which a Dividend Equivalent Right will be converted will be calculated, as of the dividend payment date, in accordance with the formula
set forth above, except that “B” will equal the fair market value per share of the property which the participant would have received if the Stock Option, share of Restricted Stock Performance Unit, Stock Unit or Restricted Stock Unit as
applicable, with Dividend Equivalent Rights held by the participant on the dividend payment date was a share of Common Stock. 
  

	 	(s)	“Effective Date” means February 26, 2008. 

  

	 	(t)	“Eligible Individuals” means officers, employees, directors and consultants of the Company or any of its Affiliates, and prospective employees, directors and
consultants who have accepted offers of employment, membership on a board or consultancy from the Company or its Affiliates, who are or will be responsible for or contribute to the management, growth or profitability of the business of the Company
or its Affiliates, as determined by the Committee. 

  

	 	(u)	“Exchange Act” means the Securities Exchange Act of 1934, as amended from time to time, and any successor thereto. 

  

	 	(v)	“Expiration Date” means the date on which an Award becomes unexercisable and/or not payable by reason of lapse of time or otherwise as provided in
Section 6.2 Expiration Date. 

  

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	 	(w)	“Fair Market Value” means, except as otherwise provided by the Committee, as of any given date, the closing price for the shares on the New York Stock
Exchange for the specified date (as of 4 p.m. Eastern Standard Time or Eastern Daylight Savings Time, whichever is then in effect), or, if the shares were not traded on the New York Stock Exchange on such date, then on the next preceding date on
which the shares were traded, all as reported by such source as the Committee may select. 

  

	 	(x)	“Grant Date” means the date designated by the Committee as the date of grant of an Award. 

  

	 	(y)	“Incentive Stock Option” means any Stock Option designated as, and qualified as, an “incentive stock option” within the meaning of Section 422
of the Code. 

  

	 	(z)	“Individual Agreement” means a severance, employment, consulting or similar agreement between a participant and the Company or one of its Affiliates.

  

	 	(aa)	“Management Incentive Award” means an Award of cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as
determined by the Committee. 

  

	 	(bb)	“Net Contribution” means for a Business Unit, its operating profit after-tax, less the product of (1) a percentage as determined by the Committee; and
(2) the Business Unit’s Capital Employed. 

  

	 	(cc)	“Non-Employee Director” means each director of the Company who is not otherwise an employee of the Company or its Affiliates. 

  

	 	(dd)	“Nonqualified Stock Option” means any Stock Option that is not an Incentive Stock Option. 

  

	 	(ee)	“Notice” means the written evidence of an Award granted under the Plan in such form as the Committee will from time to time determine.

  

	 	(ff)	 “Performance Goals” means the performance goals established by the Committee in connection with the grant of Management Incentive Awards,
Restricted Stock, Performance Units, Stock Units or Restricted Stock Units as set forth in the Notice. In the case of Qualified Performance-Based Awards, Performance Goals will be set by the Committee within the time period prescribed by
Section 162(m) of the Code and related regulations, The performance goals upon which the payment or vesting of an Award to a Covered Employee that is intended to qualify as performance-based compensation shall be limited to one or more of the
following performance measures: net revenue; net earnings (before or after taxes); operating earnings or income; absolute and/or relative return measures (including, but not limited to, return on assets, capital, invested capital, net
contribution, equity, sales, or revenue); earnings per share; cash flow (including, but not limited to, operating cash flow, free cash flow, cash flow 

  

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return on equity, and cash flow return on investment); net operating profits; earnings before or after taxes, interest, depreciation, and/or amortization;
earning as a percentage of sales; earnings growth before or after taxes, interest, depreciation, and/or amortization; gross, operating, or net margins; revenue growth; book value per share; stock price (including, but not limited to, growth measures
and total shareholder return); economic value added; customer satisfaction; market share; working capital; productivity ratios; operating goals (including, but not limited to, safety, reliability, maintenance expenses, capital expenses, customer
satisfaction, operating efficiency, and employee satisfaction); and performance relative to peer companies, each of which may be established on a corporate-wide basis or established with respect to one or more operating units, divisions, acquired
businesses, minority investments, partnerships or joint ventures. 

  

	 	(gg)	“Performance Units” means an Award granted under Section 12 Performance Units. 

  

	 	(hh)	“Plan” means the John Bean Technologies Corporation Incentive Compensation and Stock Plan, as set forth herein and as hereinafter amended from time to time.

  

	 	(ii)	“Qualified Performance-Based Award” means a Management Incentive Award, an Award of Restricted Stock, an Award of Performance Units, an Award of Stock Units
or an Award of Restricted Stock Units designated as such by the Committee, based upon a determination that (1) the recipient is or may be a Covered Employee; and (2) the Committee wishes such Award to qualify for the Section 162(m)
Exemption. 

  

	 	(jj)	“Restricted Stock” means an Award granted under Section 11 Restricted Stock. 

  

	 	(kk)	“Section 162(m) Exemption” means the exemption from the limitation on deductibility imposed by Section 162(m) of the Code that is set forth in
Section 162(m)(4)(C) of the Code. 

  

	 	(ll)	“Separation from Service” means the cessation of a Non-Employee Director’s service on the Board. Temporary absences from service on the Board for a
period not to exceed six (6) consecutive months because of illness, vacation or leave of absence will not be considered a Separation from Service. 

  

	 	(mm)	“Stock Appreciation Right” means an Award granted under Section 10 Stock Appreciation Rights. 

  

	 	(nn)	“Stock Option” means an Award granted under Section 9 Stock Options. 

  

	 	(oo)	“Stock Units or Restricted Stock Units” means an Award granted under Section 12 Performance Units, Stock Units or Restricted Stock Units.

  

	 	(pp)	 “Termination of Employment” means the termination of the participant’s employment with, or performance of services for, the Company and
any of its 

  

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Affiliates. Temporary absences from employment because of illness, vacation or leave of absence and transfers among the Company and its Affiliates will not
be considered a Termination of Employment. 

  

	 	(qq)	“Vesting Date” means the date on which an Award becomes vested, and, if applicable, fully exercisable and/or payable by or to the participant as provided in
Section 6.3 Vesting. 

 2.2 Other Definitions. In addition, certain other terms used herein have
definitions given to them in the first place in which they are used. 
 SECTION 3. ADMINISTRATION 
 3.1 Committee Administration. The Committee is the administrator of the Plan. Among other things, the Committee has the authority, subject
to the terms of the Plan: 
  

	 	(a)	To select the Eligible Individuals to whom Awards are granted; 

  

	 	(b)	To determine whether and to what extent Awards are granted; 

  

	 	(c)	To determine the amount of each Award; 

  

	 	(d)	To determine the terms and conditions of any Award, including, but not limited to, the option price, any vesting condition, restriction or limitation regarding any Award and the
shares of Common Stock relating thereto, based on such factors as the Committee will determine; 

  

	 	(e)	To modify, amend or adjust the terms and conditions of any Award, at any time or from time to time, to the extent that such modification, amendment, or adjustment does not conflict
with Section 409A of the Code. 

  

	 	(f)	To determine to what extent and under what circumstances Common Stock and other amounts payable with respect to an Award will be deferred, to the extent that such deferral does not
conflict with Section 409A of the Code and 

  

	 	(g)	To determine under what circumstances an Award may be settled in cash or Common Stock or a combination of cash and Common Stock. 

 The Committee has the authority to adopt, alter and repeal administrative rules, guidelines and practices governing the Plan, to interpret the terms and
provisions of the Plan, any Award, any Notice and any other agreement relating to any Award and to take any action it deems appropriate for the administration of the Plan. 
 3.2 Committee Action. The Committee may act only by a majority of its members then in office unless it allocates or delegates its authority
to a Committee member or other person to act on its behalf. Except to the extent prohibited by applicable law or applicable rules of a stock exchange, the Committee may allocate all or any portion of its responsibilities and powers to any one or
more of its members and may delegate all or any part of its responsibilities and powers to any other person or persons. Any such allocation or delegation may be revoked by the Committee at any time. 
  

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 Any determination made by the Committee or its delegate with respect to any Award will be made in the
sole discretion of the Committee or such delegate. All decisions of the Committee or its delegate are final, conclusive and binding on all parties. 
 3.3 Board Authority. Any authority granted to the Committee may also be exercised by the full Board. To the extent that any permitted action taken by the Board conflicts with action taken by the Committee, the Board action
will control. Notwithstanding anything herein to the contrary, the Board is the administrator of the portion of the Plan applicable to Non-Employee Directors. 
 SECTION 4. SHARES 
 4.1 Shares Available For Issuance. The maximum number of shares of Common Stock that
may be delivered to participants and their beneficiaries under the Plan will be 3,700,000. Shares subject to an Award under the Plan may be authorized and unissued shares or may be treasury shares. 
 No Award will be counted against the shares available for delivery under the Plan if the Award is payable to the participant only in the form of cash, or
if the Award is paid to the participant in cash. 
 If any Award is forfeited, or if any Stock Option (and any related Stock Appreciation
Right) terminates, expires or lapses without being exercised, or if any Stock Appreciation Right is exercised for cash, the shares of Common Stock subject to such Awards will again be available for delivery in connection with Awards under the Plan.
If the option price of any Stock Option granted under the Plan is satisfied by delivering shares of Common Stock to the Company (by either actual delivery or by attestation), only the number of shares of Common Stock delivered to the participant,
net of the shares of Common Stock delivered or attested to, will be deemed delivered for purposes of determining the maximum numbers of shares of Common Stock available for delivery under the Plan. To the extent any shares of Common Stock subject to
an Award are not delivered to a participant because such shares are used to satisfy an applicable tax-withholding obligation, such shares will not be deemed to have been delivered for purposes of determining the maximum number of shares of Common
Stock available for delivery under the Plan. 
 In the event of any corporate event or transaction, (including, but not limited to, a change
in the number of shares of Common Stock outstanding), such as a stock split, merger, consolidation, separation, including a spin-off or other distribution of stock or property of the Company, any reorganization (whether or not such reorganization
comes within the definition of such term in Section 368 of the Code) or any partial or complete liquidation of the Company, the Committee shall make such substitution or adjustments in the aggregate number, kind, and price of shares reserved
for issuance under the Plan, and the maximum limitation upon any Awards to be granted to any participant, in the number, kind and price of shares subject to outstanding Awards granted under the Plan and/or such other equitable substitution or
adjustments as it may 

  

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determines are required to accomplish the same; provided, however, that the number of shares subject to any Award will always be a whole number. Such
adjusted price will be used to determine the amount payable in cash or shares, as applicable, by the Company upon the exercise of any Award. Any such adjustment to an Award may be made to the extent that such adjustment does not conflict with
Section 409A of the Code. 
 4.2 Individual Limits. No participant may be granted Stock Options and Stock Appreciation
Rights covering in excess of 400,000 shares of Common Stock in any calendar year. The maximum aggregate amount with respect to each Management Incentive Award, Award of Performance Units, Award of Restricted Stock, Award of Stock Units or Award of
Restricted Stock Units that may be granted, or, that may vest, as applicable, in any calendar year for any individual participant is 400,000 shares of Common Stock, or the dollar equivalent of 400,000 shares. 
 SECTION 5. ELIGIBILITY 
 Awards may be granted
under the Plan to Eligible Individuals. Incentive Stock Options may be granted only to employees of the Company and its subsidiaries or parent corporation (within the meaning of Section 424(f) of the Code). The maximum number of Shares of the
Share Authorization that may be issued pursuant to Incentive Stock Options under the Plan shall be 3,700,000. 
 SECTION 6. TERMS AND CONDITIONS OF
AWARDS 
 6.1 General. Awards will be in the form and upon the terms and conditions as determined by the Committee,
subject to the terms of the Plan. The Committee is authorized to grant Awards independent of, or in addition to other Awards granted under the Plan. The terms and conditions of each Award may vary from other Awards. Awards will be evidenced by
Notices, the terms and conditions of which will be consistent with the terms of the Plan and will apply only to such Award. 
 6.2
Expiration Date. Unless otherwise provided in the Notice, the Expiration Date of an Award will be the earlier of the date that is ten (10) years after the Grant Date or the date of the participant’s Termination of Employment.

 6.3 Vesting. Each Award vests and becomes fully payable, exercisable and/or released of any restriction on the Vesting Date.
The Vesting Date of each Award, as determined by the Committee, will be set forth in the Notice. Prior to the Vesting Date, an Award remains subject to a substantial risk of forfeiture. 
 SECTION 7. QUALIFIED PERFORMANCE-BASED AWARDS 
 The Committee may designate a Management
Incentive Award, or an Award of Restricted Stock or an Award of Performance Units or an Award of Stock Units or an Award or Restricted Stock Units as a Qualified Performance-Based Award, in which case, the Award is contingent upon the attainment of
Performance Goals, and, as a result, remains subject to a substantial risk of forfeiture until the attainment of such Performance Goals. 
  

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 SECTION 8. MANAGEMENT INCENTIVE AWARDS 
 8.1 Management Incentive Awards. The Committee is authorized to grant Management Incentive Awards, subject to the terms of the Plan. Notices
for Management Incentive Awards will indicate the Award Cycle, any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award and the form of payment of the Award. 
 8.2 Settlement. As soon as practicable after the later of the Vesting Date and the date any applicable Performance Goals are satisfied, but
in any event within seventy (70) days following the later of such events, Management Incentive Awards will be paid to the participant in cash, Common Stock, Restricted Stock or a combination of cash, Common Stock and Restricted Stock, as
determined by the Committee. The number of shares of Common Stock payable under the stock portion of a Management Incentive Award will equal the amount of such portion of the award divided by the Fair Market Value of the Common Stock on the date of
payment. 
 SECTION 9. STOCK OPTIONS 
 9.1 Stock Options. The Committee is authorized to grant Stock Options, including both Incentive Stock Options and Nonqualified Stock Options, subject to the terms of the Plan. Notices will indicate whether the Stock Option is
intended to be an Incentive Stock Option or a Nonqualified Stock Option, the option price, the term and the number of shares to which it pertains. To the extent that any Stock Option is not designated as an Incentive Stock Option, or, even if so
designated does not qualify as an Incentive Stock Option on or subsequent to its Grant Date, it will constitute a Nonqualified Stock Option. 
 9.2 Option Price. The option price per share of Common Stock purchasable under a Stock Option will be determined by the Committee and will not be less than the Fair Market Value of the Common Stock subject to the Stock Option
on the Grant Date, except as provided under Section 4.1. 
 9.3 Incentive Stock Options. The terms of the Plan addressing
Incentive Stock Options and each Incentive Stock Option will be interpreted in a manner consistent with Section 422 of the Code and all valid regulations issued thereunder. 
 9.4 Exercise. Stock Options will be exercisable at such time or times and subject to the terms and conditions set forth in the Notice. A
participant can exercise a Stock Option, in whole or in part, at any time on or after the Vesting Date and before the Expiration Date by giving written notice of exercise to the Company specifying the number of shares of Common Stock subject to the
Stock Option to be purchased. Such notice will be accompanied by payment in full to the Company of the option price by certified or bank check or such other cash equivalent instrument as the Company may accept. If approved by the Committee, payment
in full or in part may also be made in the form of Common Stock (by delivery of such shares or by 

  

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attestation) already owned by the optionee of the same class as the Common Stock subject to the Stock Option, based on the Fair Market Value of the Common
Stock on the date the Stock Option is exercised. 
 9.5 Settlement. As soon as practicable after the exercise of a Stock
Option, the Company will deliver to or on behalf of the optionee certificates of Common Stock for the number of shares purchased. No shares of Common Stock will be issued until full payment therefor has been made. An optionee will have all of the
rights of a stockholder of the Company holding Common Stock, including, but not limited to, the right to vote the shares and the right to receive dividends, when the optionee has given written notice of exercise, has paid in full for such shares
and, if requested, has given the representation described in Section 19 General Provisions. The Committee may give optionees Dividend Equivalent Rights, provided, if a Dividend Equivalent Right is granted, such grant cannot be
conditioned on the grantee exercising the underlying option. 
 9.6 Nontransferability. No Stock Option will be transferable by
the optionee other than by will or by the laws of descent and distribution. All Stock Options will be exercisable, subject to the terms of the Plan, only by the optionee, the guardian or legal representative of the optionee, or any person to whom
such Stock Option is transferred pursuant to this paragraph, it being understood that the term “holder” and “optionee” include such guardian, legal representative and other transferee. No Stock Option will be subject to
execution, attachment or other similar process. 
 Notwithstanding anything herein to the contrary, the Committee may permit a participant at
any time prior to his or her death to assign all or any portion without consideration therefor of a Nonqualified Stock Option to: 
  

	 	(a)	The participant’s spouse or lineal descendants; 

  

	 	(b)	The trustee of a trust for the primary benefit of the participant and his or her spouse or lineal descendants, or any combination thereof; 

  

	 	(c)	A partnership of which the participant, his or her spouse and/or lineal descendants are the only partners; 

  

	 	(d)	Custodianships under the Uniform Transfers to Minors Act or any other similar statute; or 

  

	 	(e)	Upon the termination of a trust by the custodian or trustee thereof, or the dissolution or other termination of the family partnership or the termination of a custodianship under
the Uniform Transfers to Minor Act or any other similar statute, to the person or persons who, in accordance with the terms of such trust, partnership or custodianship are entitled to receive the Nonqualified Stock Option held in trust, partnership
or custody. 

 In such event, the spouse, lineal descendant, trustee, partnership or custodianship will be entitled to all of the
participant’s rights with respect to the assigned portion of the Nonqualified Stock Option, and such portion will continue to be subject to all of the terms, conditions and restrictions applicable to the Nonqualified Stock Option. 

 

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 9.7 Cashing Out. On receipt of written notice of exercise, the Committee may elect to cash
out all or part of the portion of the shares of Common Stock for which a Stock Option is being exercised by paying the optionee an amount, in cash or Common Stock, equal to the excess of the Fair Market Value of the Common Stock over the option
price times the number of shares of Common Stock for which the Stock Option is being exercised on the effective date of such cash-out. In addition, notwithstanding any other provision of the Plan, the Committee, either on the Grant Date or
thereafter, may give a participant the right to voluntarily cash-out the participant’s outstanding Stock Options during the seventy (70)-day period following a Change in Control. A participant who has such a cash-out right and elects to
cash-out Stock Options may do so during the seventy (70)-day period following a Change in Control by giving notice to the Company to elect to surrender all or part of the Stock Option to the Company and to receive cash, within thirty (30) days
of such election, in an amount equal to the amount by which the Change in Control Price per share of Common Stock on the date of such election exceeds the exercise price per share of Common Stock under the Stock Option multiplied by the number of
shares of Common Stock granted under the Stock Option as to which this cash-out right is exercised. 
 9.8 Term of Options. Each Option granted to a participant shall expire at such time as the Committee shall determine at the time of grant; provided, however, no Option shall be exercisable later than the
tenth (10th) anniversary date of its grant. 
 SECTION 10. STOCK APPRECIATION RIGHTS 
 10.1 Stock Appreciation Rights. The Committee is authorized to
grant Stock Appreciation Rights, subject to the terms of the Plan. Stock Appreciation Rights granted with a Nonqualified Stock Option may be granted either on or after the Grant Date. Stock Appreciation Rights granted with an Incentive Stock Option
may be granted only on the Grant Date of such Stock Option. Notices of Stock Appreciation Rights granted with Stock Options may be incorporated into the Notice of the Stock Option. Notices of Stock Appreciation Rights will indicate whether the Stock
Appreciation Right is independent of any Award or granted with a Stock Option, the price, the term, the method of exercise and the form of payment. The grant of a Stock Appreciation Right shall be at a price per share that is at least equal to the
Fair Market Value of a share of Common Stock as of the Grant Date of such Appreciation Right. 
 10.2 Exercise. A participant
can exercise Stock Appreciation Rights, in whole or in part, at any time after the Vesting Date and before the Expiration Date, or, with respect to Stock Appreciation Rights granted in connection with any Stock Option, at such time or times and to
the extent that the Stock Options to which they relate are exercisable, by giving written notice of exercise to the Company specifying the number of Stock Appreciation Rights to be exercised. A Stock Appreciation Right granted with a Stock Option
may be exercised by an optionee by surrendering any applicable portion of the related Stock Option in accordance with procedures established by the Committee. To the extent provided by the Committee, Stock Options which have been so surrendered will
no longer be exercisable to the extent the related Stock Appreciation Rights have been exercised. 
  

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 10.3 Settlement. As soon as practicable after the exercise of a Stock Appreciation Right,
an optionee will be entitled to receive an amount in cash, shares of Common Stock or a combination of cash and shares of Common Stock, as determined by the Committee, in value equal to the excess of the Fair Market Value on the date of exercise of
one share of Common Stock over the Stock Appreciation Right price per share multiplied by the number of shares in respect of which the Stock Appreciation Right is being exercised. Upon the exercise of a Stock Appreciation Right granted with any
Stock Option, the Stock Option or part thereof to which such Stock Appreciation Right is related will be deemed to have been exercised for the purpose of the limitation set forth in Section 4 Shares on the number of shares of Common
Stock to be issued under the Plan, but only to the extent of the number of shares delivered upon the exercise of the Stock Appreciation Right. 
 10.4 Nontransferability. Stock Appreciation Rights will be transferable only to the extent they are granted with any Stock Option, and only to permitted transferees of such underlying Stock Option in accordance with the
Nontransferability provisions of Section 9. 
 10.5 Term of Stock
Appreciation Right. Each Stock Appreciation right granted to a participant shall expire at such time as the Committee shall determine at the time of grant; however, no Stock Appreciation Right shall be exercisable later than the tenth (10
th) anniversary date of its grant. 
 SECTION
11. RESTRICTED STOCK  
 11.1 Restricted Stock. The Committee is authorized to grant Restricted Stock, subject to the
terms of the Plan. Notices for Restricted Stock may be in the form of a Notice and book-entry registration or issuance of one or more stock certificates. Any certificate issued in respect of shares of Restricted Stock will be registered in the name
of such participant and will bear an appropriate legend referring to the terms, conditions, and restrictions applicable to such Award, substantially in the following form: 
 “The transferability of this certificate and the shares of stock represented hereby are subject to the terms and conditions, including, but not limited to, forfeiture of the FMC Technologies, Inc. Incentive
Compensation and Stock Plan and a Restricted Stock Notice. Copies of such Plan and Notice are on file at the offices of FMC Technologies, Inc.” 
 The Committee may require that the certificates evidencing such shares be held in custody by the Company until the restrictions thereon will have lapsed and that, as a condition of any Award of Restricted Stock, the
participant will have delivered a stock power, endorsed in blank, relating to the Common Stock covered by such Award. The Notice or certificates will indicate any applicable Performance Goals, any applicable designation of the Restricted Stock as a
Qualified Performance-Based Award and the form of payment. 
 11.2 Participant Rights. Subject to the terms of the Plan and the
Notice or certificate of Restricted Stock, the participant will not be permitted to sell, assign, transfer, pledge or otherwise encumber shares of Restricted Stock until the later of the Vesting Date and the date 

  

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any applicable Performance Goals are satisfied. Except as provided in the Plan and the Notice or certificate of the Restricted Stock, the participant will
have, with respect to the shares of Restricted Stock, Dividend Equivalent Rights, if so granted. 
 11.3 Settlement. As soon as
practicable after the later of the Vesting Date and the date any applicable Performance Goals are satisfied and prior to the Expiration Date, unlegended certificates for such shares of Common Stock will be delivered to the participant upon surrender
of any legended certificates, if applicable. 
 SECTION 12. PERFORMANCE UNITS, STOCK UNITS OR RESTRICTED STOCK UNITS 
 12.1 Performance Units, Stock Units or Restricted Stock Units. The Committee is authorized to grant Performance Units, Stock Units or
Restricted Stock Units, subject to the terms of the Plan. Notices of Performance Units will indicate any applicable Performance Goals, any applicable designation of the Award as a Qualified Performance-Based Award and the form of payment. 

 12.2 Settlement. Except as otherwise provided in Section 14, as soon as practicable after the later of the Vesting Date
and the date any applicable Performance Goals are satisfied, but in any event within seventy (70) days following the later of such events, Performance Units, Stock Units or Restricted Stock Units will be paid in the manner as provided in the
Notice. Payment of Performance Units, Stock Units or Restricted Stock Units will be made in an amount of cash equal to the Fair Market Value of one share of Common Stock multiplied by the number of Performance Units, Stock Units or Restricted Stock
Units earned or, if applicable, in a number of shares of Common Stock equal to the number of Performance Units, Stock Units or Restricted Stock Units earned, each as determined by the Committee. 
 SECTION 13. OTHER AWARDS 
 The Committee is
authorized to make, either alone or in conjunction with other Awards, Awards of cash or Common Stock and Awards that are valued in whole or in part by reference to, or are otherwise based upon, Common Stock, including, without limitation,
convertible debentures. 
 SECTION 14. NON-EMPLOYEE DIRECTOR AWARDS 
 14.1 Annual Retainer. Each Non-Employee Director will receive an Annual Retainer in such amount as will be determined from time to time by
the Board. Until changed by resolution of the Board, the Grant Date of the Annual Retainer will be May 1 of each year, and the amount of the Annual Retainer will be reviewed and adjusted only by Board resolution. At least 50 percent of the
retainer must be paid in the form of Stock Units or Restricted Units on the Grant Date, provided the Non-Employee Director makes an irrevocable election to receive such Stock Units or Restricted Stock Units in lieu of cash on or before
December 31 of the year prior to the fiscal year in which the Annual Retainer is to be earned, and the remainder of which, if any, will be paid in cash in quarterly installments within seventy (70) days following the end 

  

 Page 13 

 
of each calendar quarter. The number of Stock Units or Restricted Stock Units constituting the Annual Retainer for each Non-Employee Director will be equal
to the number obtained by dividing the value of the retainer which the Non-Employee Director has elected to defer by the Fair Market Value of the Common Stock on the Grant Date. 
 14.2 Annual Award. In addition to the Annual Retainer, the Board has the authority to grant Non-Employee Directors Stock Options,
Restricted Stock, Stock Units or Restricted Stock Units, subject to the terms of the Plan. 
 14.3 Committee Chairman Fees.
Each Non-Employee Director who serves as a chairman of a committee of the Board will receive a committee chairman fee in such amount as determined by the Board for the tenure of such service. The Committee chairmen fee may vary among the committees
and may only be changed upon a resolution of the Board. It is payable in cash in quarterly installments within seventy (70) days following the end of each calendar quarter. 
 14.4 Vesting. Awards granted to Non-Employee Directors, including the portion of the Annual Retainer paid in the form of Stock Units or
Restricted Stock Units under Section 14.1, will have a Vesting Date as determined by the Board. Unless otherwise provided in the Award, such Vesting Date will be the date of the Company’s annual stockholder’s meeting next following
the Grant Date. 
 14.5 Separation from Service. Except as provided below, if a Non-Employee Director has a Separation from
Service prior to the Vesting Date of a Stock Unit or Restricted Stock Unit, any unvested Stock Units or Restricted Stock Units are forfeited and all further rights of the Non-Employee Director to or with respect to such Stock Units or Restricted
Stock Units terminate. If a Non-Employee Director dies while serving as a director of the Company, any vested Stock Units or Restricted Stock Units will be paid to the person designated in the Non-Employee Director’s last will and testament or,
in the absence of such designation, to his or her estate. Upon death or disability, any unvested Stock Units or Restricted Stock Units will vest and become payable in a proportionate amount, based upon the full months of service completed during the
vesting period from the Grant Date to the date of death or disability. Any unvested Stock Units or Restricted Stock Units vest and become immediately payable upon a Change in Control. For purposes of this section 14.5, the term disability shall have
such meaning as is set forth under Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”). 
 14.6
Settlement. Payments with respect to Stock Units or Restricted Stock Units of a Non-Employee Director will be made in shares of Common Stock issued to the Non-Employee Director as soon as practicable after his or her Separation from
Service, but in any event within seventy (70) days following such Separation from Service. Stock Units or Restricted Stock Units will be valued using the Fair Market Value of Common Stock on the last business day of his or her service on the
Board. Notwithstanding anything herein to the contrary, payments with respect to Stock Units or Restricted Stock Units will also be made in shares of Common Stock upon the occurrence of a Change in Control. 
  

 Page 14 

 SECTION 15. CHANGE IN CONTROL 
 15.1 Impact of Change in Control. Notwithstanding any other provision of the Plan to the contrary, in the event of a Change in Control, as of the date such Change in Control is determined to have
occurred, any outstanding: 
  

	 	(a)	Stock Options and Stock Appreciation Rights become fully exercisable and vested to the full extent of the original grant; 

  

	 	(b)	Restricted Stock becomes free of all restrictions and becomes fully vested and transferable to the full extent of all or a portion of the maximum amount of the original grant as
provided in the Notice, or, if not provided in the Notice, as determined by the Committee; 

  

	 	(c)	Stock Units and Restricted Stock Units are considered earned and payable to the full extent of all or a portion of the maximum amount of the original grant as provided in the
Notice, or, if not provided in the Notice, as determined by the Committee, any restrictions lapse and such Stock Units or Restricted Stock Units will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable
following the Change in Control; and 

  

	 	(d)	Management Incentive Awards become fully vested to the full extent of all or a portion of the maximum amount of the original grant as provided in the Notice, or, if not provided in
the Notice, as determined by the Committee, and such Management Incentive Awards will be settled in cash or Common Stock, as determined by the Committee, as promptly as is practicable following the Change in Control. 

 The Committee may also make additional substitutions, adjustments and/or settlements of outstanding Awards as it deems appropriate and consistent with
the Plan’s purposes. 
 15.2 Definition of Change in Control. For purposes of the Plan, a “Change in Control”
means either a “Change in Ownership,” a “Change in Effective Control,” or a “Change in Ownership of a Substantial Portion of Assets,” as defined below: 
 “Change in Ownership”: A Change in Ownership of the Company occurs on the date that any one person, or more than one Person Acting as a Group (as defined below), acquires ownership of stock of the Company
that, together with stock held by such person or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company. However, if any one person or more than one Person Acting as a Group, is considered
to own more than 50% of the total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or persons is not considered to cause a Change in Ownership of the Company (or to cause a
Change in Effective Control of the Company). An increase in the percentage of stock owned by any one person, or Persons Acting as a Group, as a result of a transaction in which the Company acquires its stock in exchange for property will be treated
as an acquisition of stock. This applies only when there is a transfer of stock of the Company (or issuance of stock of the Company) and stock in the Company remains outstanding after the transaction. 
  

 Page 15 

 Persons Acting as a Group: Persons will not be considered to be acting as a group solely because they (i) purchase
or own stock of the same corporation at the same time, or as a result of the same public offering, or (ii) purchase assets of the same corporation at the same time. However, persons will be considered to be acting as a group if they are owners
of a corporation that enters into a merger, consolidation, purchase or acquisition of stock or assets, or similar business transaction with the Company. If a person, including an entity, owns stock in both corporations that enter into a merger,
consolidation, purchase or acquisition of stock or assets, or similar transaction, such shareholder is considered to be acting as a group with other shareholders in a corporation only with respect to the ownership in that corporation prior to the
transaction giving rise to the change and not with respect to the ownership interest in the other corporation. 
 “Change in Effective Control”: A
Change in Effective Control of the Company occurs on the date that either – 
  

	 	(i)	Any one person, or more than one Person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or
persons) ownership of stock of the Company possessing 30% or more of the total voting power of the stock of the Company; or 

  

	 	(ii)	a majority of members of the Board is replaced during any 12-month period by directors whose appointment or election is not endorsed by a majority of the members of the Board prior
to the date of the appointment or election. 

 A Change in Effective Control will have occurred only if the Covered Employee is employed by the
Company or an Affiliate upon the date of the Change in Effective Control or the Company is liable for the payment of the benefits hereunder and no other corporation is a majority shareholder of the Company. Further, in the absence of an event
described in paragraph (i) or (ii), a Change in Effective Control of the Company will not have occurred. 
 Acquisition of additional control: If any
one person, or more than one Person Acting as a Group, is considered to effectively control the Company, the acquisition of additional control of the Company by the same person or persons is not considered to cause a Change in Effective Control of
the Company (or to cause a Change in Ownership of the Company). 
 “Change in Ownership of a Substantial Portion of Assets”: A Change in Ownership
of a Substantial Portion of Assets occurs on the date that any one person, or more than one Person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons)
assets from the Company that have a total gross fair market value equal to or more than 40% of the total gross fair market value of all of the assets of the Company immediately prior to such acquisition or acquisitions. For this purpose, gross fair
market value means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 
  

 Page 16 

 Transfers to a related person: There is no Change in Control when there is a transfer to an entity that is controlled by
the shareholders of the Company immediately after the transfer. A transfer of assets by the Company is not treated as a Change of Ownership of a Substantial Portion of Assets if the assets are transferred to – 
  

	 	(i)	 	A shareholder of the Company (immediately before the asset transfer) in exchange for or with respect to its stock; 

  

	 	(ii)	An entity, 50% or more of the total value or voting power of which is owned, directly or indirectly, by the Company; 

  

	 	(iii)	A person, or more than one Person Acting as a Group, that owns, directly or indirectly, 50% or more of the total value or voting power of all the outstanding stock of the Company;
or 

  

	 	(iv)	An entity, at least 50% of the total value or voting power of which is owned, directly or indirectly, by a person described in paragraph (iii). 

 A person’s status is determined immediately after the transfer of the assets. For example, a transfer to a corporation in which the Company has no ownership
interest before the transaction, but which is a majority-owned subsidiary of the Company after the transaction is not treated as a Change in Ownership of a Substantial Portion of Assets of the Company. 
 15.3 Change in Control Price. For purposes of the Plan, “Change in Control Price” means the higher of (a) the highest
reported sales price, regular way, of a share of Common Stock in any transaction reported on the New York Stock Exchange or other national exchange on which such shares are listed during the sixty (60)-day period prior to and including the date of a
Change in Control; or (b) if the Change in Control is the result of a tender or exchange offer or a Corporate Transaction, the highest price per share of Common Stock paid in such tender or exchange offer or Corporate Transaction; provided,
however, that in the case of Incentive Stock Options and Stock Appreciation Rights relating to Incentive Stock Options, the Change in Control Price will be in all cases the Fair Market Value of the Common Stock on the date such Incentive
Stock Option or Stock Appreciation Right is exercised. To the extent that the consideration paid in any such transaction described above consists all or in part of securities or other noncash consideration, the value of such securities or other
noncash consideration will be determined by the Committee. 
 SECTION 16. FORFEITURE OF AWARDS 
 Notwithstanding anything in the Plan to the contrary, the Committee may, in the event of serious misconduct by a participant (including, without
limitation, any misconduct prejudicial to or in conflict with the Company or its Affiliates, or any Termination of Employment for Cause), or any activity of a participant in competition with the business of the Company or any Affiliate,
(a) cancel any outstanding Award granted to such participant, in whole or in part, whether or not vested , and/or (b) if such conduct or activity occurs within one year following the exercise or payment of an Award, require such
participant to repay to the Company any gain realized or payment received upon the exercise or payment of such Award (with such gain or payment 

  

 Page 17 

 
valued as of the date of exercise or payment). In the event the Company’s financial statements are restated as a result of errors, omissions or fraud,
the Committee may, in good faith and to the extent an Award exceeds what would otherwise have been awarded based on the restated financial results, (a) cancel any outstanding Award granted, in whole or in part, whether or not vested or
deferred, to officers of the Company who are identified as being subject to Section 16 of the Securities and Exchange Act of 1934 (Section 16 Officers), and/or (b) if such restatement occurs after the exercise or payment of such Award,
require such Section 16 Officer to repay to the Company any gain realized or payment received upon the exercise or payment of such Award (with such gain or payment valued as of the date of exercise or payment). Such cancellation or repayment
obligation will be effective as of the date specified by the Committee. Any repayment obligation may be satisfied in Common Stock or cash or a combination thereof (based upon the Fair Market Value of Common Stock on the day of payment), and the
Committee may provide for an offset to any future payments owed by the Company or any Affiliate to the participant if necessary to satisfy the repayment obligation. The determination of whether a participant has engaged in a serious breach of
conduct or any activity in competition with the business of the Company or any Affiliate will be made by the Committee in good faith. This Section 16 will have no application following a Change in Control. 
 SECTION 17. AMENDMENT AND TERMINATION 
 The
Committee may amend, alter, or discontinue the Plan or any Award, prospectively or retroactively, but no amendment, alteration or discontinuation may impair the rights of a recipient of any Award without the recipient’s consent, except such an
amendment made to comply with applicable law, stock exchange rules or accounting rules. 
 No amendment will be made without the approval of
the Company’s stockholders to the extent such approval is required by applicable law or stock exchange rules, or, to the extent such amendment increases the number of shares available for delivery under the Plan, or changes the option price
after the Grant Date. 
 No award of Performance Units, Stock Units or Restricted Stock Units may be granted to Non-Employee Directors under
Section 14.1 of this Plan after February 16, 2011 or if later, the date that is ten years from the date a majority of the stockholders of the Company approve the most version of the Plan. 
 SECTION 18. UNFUNDED STATUS OF PLAN 
 It is
presently intended that the Plan constitutes an “unfunded” plan for incentive compensation. The Committee may authorize the creation of trusts or other arrangements to meet the obligations created under the Plan to deliver Common Stock or
make payments; provided, however, that unless the Committee otherwise determines, the existence of such trusts or other arrangements will be consistent with the “unfunded” status of the Plan. 
  

 Page 18 

 SECTION 19. GENERAL PLAN PROVISIONS 
 19.1 General Provisions. The Plan will be administered in accordance with the following provisions and any other rule, guideline and
practice determined by the Committee: 
  

	 	(a)	Each person purchasing or receiving shares pursuant to an Award may be required to represent to and agree with the Company in writing that he or she is acquiring the shares without
a view to the distribution of the shares. 

  

	 	(b)	The certificates for shares issued under an Award may include any legend which the Committee deems appropriate to reflect any restrictions on transfer. 

  

	 	(c)	 	Notwithstanding any other provision of the Plan, any Award, any Notice or any other agreements made pursuant thereto, the Company is not required to issue or deliver any shares of
Common Stock prior to fulfillment of all of the following conditions: 

  

	 	(i)	 	Listing or approval for listing upon notice of issuance, of such shares on the New York Stock Exchange, or such other securities exchange as may at the time be the principal market
for the Common Stock; 

  

	 	(ii)	Any registration or other qualification of such shares of the Company under any state or federal law or regulation, or the maintaining in effect of any such registration or other
qualification which the Committee deems necessary or advisable; and 

  

	 	(iii)	Obtaining any other consents, approval, or permit from any state or federal governmental agency which the Committee deems necessary or advisable. 

  

	 	(d)	The Company will not issue fractions of shares. Whenever, under the terms of the Plan, a fractional share would otherwise be required to be issued, the participant will be paid at
Fair Market Value for such fractional share by rounding down the number of shares received to the nearest whole number and paying in cash the value of the fractional share. 

  

	 	(e)	In the case of a grant of an Award to any Eligible Individual of an Affiliate of the Company, the Company may, if the Committee so directs, issue or transfer the shares of Common
Stock, if any, covered by the Award to the Affiliate, for such lawful consideration as the Committee may specify, upon the condition or understanding that the Affiliate will transfer the shares of Common Stock to the Eligible Individual in
accordance with the terms of the Award specified by the Committee pursuant to the provisions of the Plan. All shares of Common Stock underlying Awards that are forfeited or canceled revert to the Company. 

 19.2 Employment. The Plan will not constitute a contract of employment, and adoption of the Plan will not confer upon any employee any
right to continued employment, nor will it interfere in any way with the right of the Company or an Affiliate to terminate at any time the employment of any employee or the membership of any director on a board of directors or any consulting
arrangement with any Eligible Individual. 
  

 Page 19 

 19.3 Tax Withholding Obligations. No later than the date as of which an amount first
becomes includible in the gross income of the participant for federal income tax purposes with respect to any Award under the Plan, the participant will pay to the Company, or make arrangements satisfactory to the Company regarding the payment of,
any federal, state, local or foreign taxes of any kind required by law to be withheld with respect to such amount. Unless otherwise determined by the Company, withholding obligations may be settled with Common Stock, including Common Stock that is
part of the Award that gives rise to the withholding requirement; provided that not more than the legally required minimum withholding may be settled with Common Stock. The obligations of the Company under the Plan will be conditional on such
payment or arrangements, and the Company and its Affiliates will, to the extent permitted by law, have the right to deduct any such taxes from any payment otherwise due to the participant. The Committee may establish such procedures as it deems
appropriate, including making irrevocable elections, for the settlement of withholding obligations with Common Stock. 
 19.4
Beneficiaries. The Committee will establish such procedures as it deems appropriate for a participant to designate a beneficiary to whom any amounts payable in the event of the participant’s death are to be paid or by whom any rights
of the participant, after the participant’s death, may be exercised. 
 19.5 Governing Law. The Plan and all Awards made
and actions taken thereunder will be governed by and construed in accordance with the laws of the State of Delaware, without reference to principles of conflict of laws. Notwithstanding anything herein to the contrary, in the event an Award is
granted to Eligible Individual who is employed or providing services outside the United States and who is not compensated from a payroll maintained in the United States, the Committee may modify the provisions of the Plan and/or any such Award as
they pertain to such individual to comply with and account for the tax and accounting rules of the applicable foreign law so as to maintain the benefit intended to be provided to such participant under the Award. 
 19.6 409A. Except for Section 14 of the Plan, the Plan is not intended to provide for the “deferral of compensation” under
Section 409A of the Code and, as a result, the Plan (except for Section 14) is not intended to be subject to 409A of the Code. The Plan (except for Section 14) shall, as a result, be administered and interpreted in a manner consistent
with such intent. Section 14 of the Plan is intended, in part, to provide for the “deferral of compensation” under 409A of the Code and, as a result, is intended to be subject to 409A of the Code. Section 14 of the Plan shall
therefore be administered and interpreted in a manner consistent with such intent. 
 19.7 Nontransferability. Except as
otherwise provided in Section 9 Stock Options and Section 10 Stock Appreciation Rights, or by the Committee, Awards under the Plan are not transferable except by will or by laws of descent and distribution. 
 19.8 Severability. Wherever possible, each provision of the Plan and of each Award and of each Notice will be interpreted in such a manner
as to be effective and valid under applicable law. If any provision of the Plan, any Award or any Notice is found to be prohibited by or invalid under applicable law, then (a) such provision will be deemed amended to and to 

  

 Page 20 

 
have contained from the outset such language as will be necessary to accomplish the objectives of the provision as originally written to the fullest extent
permitted by law; and (b) all other provisions of the Plan and any Award will remain in full force and effect. 
 19.9 Strict
Construction. No rule of strict construction will be applied against the Company, the Committee or any other person in the interpretation of the terms of the Plan, any Award, any Notice, any other agreement or any rule or procedure
established by the Committee. 
 19.10 Stockholder Rights. Except as otherwise provided herein, no participant will have
dividend, voting or other stockholder rights by reason of a grant of an Award or a settlement of an Award in cash. 
  

 Page 21JBT Corp Employee's Retirement Program

 Exhibit 10.5 
 JBT CORPORATION EMPLOYEES’ RETIREMENT PROGRAM 
 PART I 
 SALARIED AND NONUNION HOURLY EMPLOYEES’ RETIREMENT PLAN 
 (Adopted Effective as of June 30, 2008) 
  

 i. 

 TABLE OF CONTENTS 
  

			
	 	  	PAGE
	 INTRODUCTION
	  	1
		
	 ARTICLE I - Definitions
	  	2
		
	 Actuarial Equivalent
	  	2
		
	 Administrator
	  	3
		
	 Affiliate
	  	3
		
	 Annuity Starting Date
	  	4
		
	 Beneficiary
	  	4
		
	 Benefits Agreement
	  	4
		
	 Board
	  	4
		
	 Code
	  	4
		
	 Committee
	  	4
		
	 Company
	  	4
		
	 Early Retirement Benefit
	  	4
		
	 Early Retirement Date
	  	4
		
	 Earnings
	  	4
		
	 Effective Date
	  	5
		
	 Eligible Employee
	  	6
		
	 Employee
	  	6
		
	 Employee Contributions
	  	6
		
	 Employment Commencement Date
	  	6
		
	 ERISA
	  	6
		
	 50% Joint and Survivor’s Annuity
	  	6
		
	 Final Average Yearly Earnings
	  	7
		
	 FMC
	  	7
		
	 FMC Beneficiary
	  	7
		
	 FMC Joint Annuitant
	  	7
		
	 FMC Participant
	  	7
		
	 FMC Plan
	  	8
		
	 FTI Spinoff
	  	8
		
	 Foreign Subsidiary
	  	8

  

 i. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	PAGE
	 Hour of Service
	  	8
		
	 Individual Life Annuity
	  	8
		
	 Interest
	  	8
		
	 Investment Manager
	  	8
		
	 Joint Annuitant
	  	9
		
	 Leased Employee
	  	9
		
	 Level Income Option
	  	9
		
	 Normal Retirement Date
	  	9
		
	 100% Joint and Survivor’s Annuity
	  	9
		
	 One-Year Period of Severance
	  	9
		
	 Participant
	  	9
		
	 Participating Employer
	  	9
		
	 Period of Service
	  	9
		
	 Period of Severance
	  	10
		
	 Plan
	  	10
		
	 Plan Year
	  	10
		
	 Primary Social Security Benefit
	  	10
		
	 Reemployment Commencement Date
	  	10
		
	 Savings Plan
	  	10
		
	 Severance from Service Date
	  	10
		
	 Social Security Covered Compensation Base
	  	11
		
	 Supplement
	  	11
		
	 Trust
	  	11
		
	 Trust Fund
	  	11
		
	 Year of Credited Service
	  	11
		
	 Year of Vesting Service
	  	12
		
	 ARTICLE II - Participation
	  	13
			
	 2.1
	 	Eligibility and Commencement of Participation	  	13
			
	 2.2
	 	Provision of Information	  	13
			
	 2.3
	 	Termination of Participation	  	13

  

 ii. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	PAGE
	 2.4
	 	Special Rules Relating to Veterans’ Reemployment Rights	  	13
		
	 ARTICLE III - Normal, Early and Deferred Retirement Benefits
	  	13
			
	 3.1
	 	Normal Retirement Benefits	  	13
			
	 3.2
	 	Early Retirement Benefits	  	14
			
	 3.3
	 	Deferred Retirement Benefits	  	15
			
	 3.4
	 	Suspension of Benefits	  	17
			
	 3.5
	 	Benefit Limitations	  	19
			
	 3.6
	 	FMC Participants’ Benefits	  	21
		
	 ARTICLE IV - Termination Benefits
	  	22
			
	 4.1
	 	Termination of Service	  	22
			
	 4.2
	 	Amount of Termination Benefit	  	22
		
	 ARTICLE V - Refund of Employee Contributions
	  	23
			
	 5.1
	 	Employee Contributions	  	23
			
	 5.2
	 	Withdrawal of Employee Contributions	  	23
			
	 5.3
	 	Refund Upon Death Before Annuity Starting Date	  	24
			
	 5.4
	 	Refund After Annuity Starting Date	  	24
		
	 ARTICLE VI - Payment of Retirement Benefits
	  	24
			
	 6.1
	 	Normal Form of Benefit	  	24
			
	 6.2
	 	Available Forms of Benefits	  	24
			
	 6.3
	 	Election of Benefits	  	25
			
	 6.4
	 	Joint Annuitants	  	27
			
	 6.5
	 	FMC Participants in Pay Status	  	27
			
	 6.6
	 	Election of Retroactive Starting Date	  	28
		
	 ARTICLE VII - SURVIVOR’S BENEFITS
	  	29
			
	 7.1
	 	Preretirement Survivor’s Benefit	  	29
			
	 7.2
	 	Surviving Spouse’s Benefit	  	30
			
	 7.3
	 	Certain Former Employees	  	30
		
	 ARTICLE VIII - FIDUCIARIES
	  	31
			
	 8.1
	 	Named Fiduciaries	  	31
			
	 8.2
	 	Employment of Advisers	  	31

  

 iii. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	 	 	  	PAGE
	 8.3
	 	Multiple Fiduciary Capacities	  	31
			
	 8.4
	 	Payment of Expenses	  	31
			
	 8.5
	 	Indemnification	  	32
		
	 ARTICLE IX - PLAN ADMINISTRATION
	  	32
			
	 9.1
	 	Powers, Duties and Responsibilities of the Administrator and the Committee	  	32
			
	 9.2
	 	Delegation of Administration Responsibilities	  	32
			
	 9.3
	 	Committee Members	  	33
		
	 ARTICLE X - FUNDING OF THE PLAN
	  	33
			
	 10.1
	 	Appointment of Trustee	  	33
			
	 10.2
	 	Actuarial Cost Method	  	33
			
	 10.3
	 	Cost of the Plan	  	33
			
	 10.4
	 	Funding Policy	  	34
			
	 10.5
	 	Cash Needs of the Plan	  	34
			
	 10.6
	 	Public Accountant	  	34
			
	 10.7
	 	Enrolled Actuary	  	34
			
	 10.8
	 	Basis of Payments to the Plan	  	34
			
	 10.9
	 	Basis of Payments from the Plan	  	34
		
	 ARTICLE XI - Plan Amendment or Termination
	  	35
			
	 11.1
	 	Plan Amendment or Termination	  	35
			
	 11.2
	 	Limitations on Plan Amendment	  	35
			
	 11.3
	 	Effect of Plan Termination	  	35
			
	 11.4
	 	Allocation of Trust Fund on Termination	  	35
		
	 ARTICLE XII - Miscellaneous Provisions
	  	36
			
	 12.1
	 	Subsequent Changes	  	36
			
	 12.2
	 	Plan Mergers	  	36
			
	 12.3
	 	No Assignment of Property Rights	  	36
			
	 12.4
	 	Beneficiary	  	37
			
	 12.5
	 	Benefits Payable to Minors, Incompetents and Others	  	37
			
	 12.6
	 	Employment Rights	  	38
			
	 12.7
	 	Proof of Age and Marriage	  	38

  

 iv. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	PAGE
	 12.8
	 	Small Annuities	  	38
			
	 12.9
	 	Controlling Law	  	38
			
	 12.10
	 	Direct Rollover Option	  	39
			
	 12.11
	 	Claims Procedure	  	40
			
	 12.12
	 	Participation in the Plan by an Affiliate	  	44
			
	 12.13
	 	Action by Participating Employers	  	44
		
	 ARTICLE XIII - Top Heavy Provisions
	  	44
			
	 13.1
	 	Top Heavy Definitions	  	44
			
	 13.2
	 	Determination of Top Heavy Status	  	47
			
	 13.3
	 	Minimum Benefit Requirement for Top Heavy Plan	  	47
			
	 13.4
	 	Vesting Requirement for Top Heavy Plan	  	48
		
	EXHIBIT A	  	50
		
	 EXHIBIT B
	  	51
		
	 EXHIBIT C
	  	52
		
	 SUPPLEMENT 1
	  	53
		
	 SUPPLEMENT 2
	  	55
		
	 SUPPLEMENT 3
	  	56
		
	 SUPPLEMENT 4
	  	58

  

 v. 

 JBT CORPORATION EMPLOYEES’ RETIREMENT PROGRAM 
 PART I 
 SALARIED AND NONUNION
HOURLY EMPLOYEES’ RETIREMENT PLAN 
 INTRODUCTION 
 WHEREAS, the JBT Corporation Employees’ Retirement Program (“Program”) is hereby established effective June 30, 2008, in connection
with a spin-off of assets and liabilities from the FMC Technologies, Inc. Employees’ Retirement Program (the “FMCTI Plan”), which spin-off complies with the requirements of Code Section 414(l); and 
 WHEREAS, the FMC Technologies, Inc. Employees’ Retirement Program (“Program”) was established effective May 1, 2001, in connection
with a spin-off of assets and liabilities from the FMC Corporation Employees’ Retirement Program (the “FMC Plan”); and 
 WHEREAS, the Program consists of two parts, Part I Salaried and Nonunion Hourly Employees’ Retirement Plan and Part II Union Hourly Employees’ Retirement Plan, which are contained in two separate plan documents; and 
 WHEREAS, Supplements to Part I and Part II of the Program contain provisions which apply only to a specific group of Employees or Participants as
specified therein and override any contrary provision of the Program or either Part I or Part II; and 
 WHEREAS, this document is Part I
Salaried and Nonunion Hourly Employees’ Retirement Plan (“Plan”) and covers the eligible employees as provided in Article II Participation, and is generally originally effective as of June 30, 2008; except as and to the extent
otherwise provided herein or as required with respect to the accrued benefits of any Participant affected by the FTI Spinoff or the JBT Spinoff; and 
 WHEREAS, the Plan shall not be construed to affect an FMC Participant’s accrued benefit under the FMC Plan, or to alter in any way the rights of any FMC Participant, FMC Joint Annuitant or FMC Beneficiary thereof
who has retired, died, or with respect to whom there has been a severance from service date under the FMC Plan before May 1, 2001; and 
 WHEREAS, the Plan shall not be construed to affect an FMCTI Participant’s accrued benefit under the FMCTI Plan, or to alter in any way the rights of any FMCTI Participant, FMCTI Joint Annuitant or FMCTI Beneficiary thereof who has
retired, died, or with respect to whom there has been a severance from service date under the FMCTI Plan before June 30, 2008; and 
 WHEREAS, Plan is intended to be qualified under Code Section 401(a), and its associated trust is intended to be tax exempt under Code Section 501(a). The Plan is intended also to meet the requirements of ERISA and shall be
interpreted, wherever possible, to comply with the terms of the Code and ERISA. The Plan is intended to provide a regular monthly retirement benefit for employees who meet the eligibility requirements. 
  

 1 

 NOW, THEREFORE, effective June 30, 2008, the Company hereby establishes the Plan to provide as
follows: 
 ARTICLE I 
 Definitions 
 For purposes of this Plan and any amendments to it, the following terms have the meanings ascribed to
them below. 
 Actuarial Equivalent means a benefit determined to be of equal value to another benefit, on the
basis of either (a) the actuarial assumptions in Exhibit E-1, E-2, E-3, or E-4, as applicable or (b) the mortality table and interest rate described in the applicable Supplement. 
 Notwithstanding the above to the contrary, effective February 1, 2006, for purposes of optional form of benefit conversions
(including optional form of benefit conversions described in Supplements 2, 3 and 4, but excluding optional form of benefit conversions described in Supplement 1), Actuarial Equivalent means a benefit determined to be of equal value to another
benefit on the basis of the greater of (1) either (a) the actuarial equivalent, computed using the actuarial assumptions in Exhibit E-1, E-2, E-3, or E-4, as applicable, of the accrued benefit as of February 1, 2006 or (b) the
actuarial equivalent, computed using the mortality and interest rate described in the applicable Supplement, of the accrued benefit as of February 1, 2006, or (2) the actuarial equivalent, computed using the RP-2000 Combined Healthy
Participant Table (RP2000CH), weighted 80% male/20% female and 6% interest compounded annually, of the accrued benefit as of the date of determination on or after February 1, 2006. 
 Notwithstanding anything herein to the contrary, for purposes of Section 12.8 Actuarial Equivalent value shall be determined as
follows: (and, effective February 1, 2006, for purposes of the determination of the optional form of benefit conversion to the Level Income Option described in Section 6.2.4, Actuarial Equivalent value shall be determined as follows
(provided, that with respect to the Level Income Option optional form of benefit conversion determination, Actuarial Equivalent value shall be determined on the basis of the greater of (1) either (a) the actuarial equivalent, computed
using the actuarial assumptions in Exhibit E-1, E-2, E-3, or E-4, as applicable, of the accrued benefit as of February 1, 2006 or (b) the actuarial equivalent, computed using the mortality and interest rate described in the applicable
Supplement, of the accrued benefit as of February 1, 2006, or (2) the actuarial equivalent, computed as provided below, of the accrued benefit as of the date of determination on or after February 1, 2006)): 
  

	 	(i)	with respect to FMC Participants whose Annuity Starting Dates occurred prior to June 1, 1995, based on the actuarial assumptions in Exhibit E-4; provided that the interest rate
shall not exceed the immediate rate used by the Pension Benefit Guaranty Corporation for lump sum distributions occurring on the first day of the Plan Year that contains the Annuity Starting Date; 

  

 2 

	 	(ii)	with respect to FMC Participants with Annuity Starting Dates occurring on or after June 1, 1995, and who had an Hour of Service prior to August 31, 1999, based on the 1983
Group Annuity Mortality Table (weighed 50% male and 50% female) (or the applicable mortality table prescribed under Section 417(e)(3) of the Code) and the lesser of the interest rate in Exhibit E-4 or the applicable interest rate prescribed
under Section 417(e)(3) of the Code for the November preceding the Plan Year that contains the Annuity Starting Date; 

  

	 	(iii)	for Annuity Starting Dates occurring on or after August 31, 1999, with respect to any Participant who did not have an Hour of Service prior to August 31, 1999, based on
the 1983 Group Annuity Mortality Table (weighted 50% male and 50% female) (or the applicable mortality table, prescribed under Section 417(e)(3) of the Code) and the applicable interest rate prescribed under Section 417(e)(3) of the Code
for the November preceding the Plan Year that contains the Annuity Starting Date; 

  

	 	(iv)	for Annuity Starting Dates occurring on or after December 31, 2002, using the applicable interest rate as described above, and based on the 1994 Group Annuity Reserving Table
(weighted 50% male, 50% female and projected to 2002 using Scale AA), which is the applicable mortality table prescribed in Rev. Rul. 2001-62, (or the applicable mortality table, prescribed under Section 417(e)(3) of the Code or other guidance
of general applicability issued thereunder); and 

  

	 	(v)	Effective January 1, 2008, and solely for purposes of the determination of the present value of benefits pursuant to Code Section 417(e): (1) the applicable interest
rate shall mean the applicable interest rate described in Code Section 417(e)(3)(C), which is the adjusted first, second and third segment rates (defined in Code Section 417(e)(3)(D)) applied under rules similar to the rules of Code
Section 430(h)(2)(C) for the month of November preceding the first day of the Plan Year which includes the date of distribution, and (2) the applicable mortality table shall mean the applicable mortality table described in Code
Section 417(e)(3)(B), Revenue Ruling 2007-67 and subsequent guidance (including regulations) issued by the Internal Revenue Service. 

 Administrator means the Company. The Plan is administered by the Company through the Committee. “The Administrator” and the Committee have the responsibilities specified in Article IX.

 Affiliate means any corporation, partnership, or other entity that is: 
  

	 	(a)	a member of a controlled group of corporations of which the Company is a member (as described in Code Section 414(b)); 

  

	 	(b)	a member of any trade or business under common control with the Company (as described in Code Section 414(c)); 

  

	 	(c)	a member of an affiliated service group that includes the Company (as described in Code Section 414(m)); 

  

 3 

	 	(d)	an entity required to be aggregated with the Company pursuant to regulations promulgated under Code Section 414(o); or 

  

	 	(e)	a leasing organization that provides Leased Employees to the Company or an Affiliate (as determined under paragraphs (a) through (d) above), unless (i) the Leased
Employees constitute less than 20% of the nonhighly compensated workforce of the Company and Affiliates (as determined under paragraphs (a) through (d) above); and (ii) the Leased Employees are covered by a plan described in Code
Section 414(n)(5). 

 “Leasing organization” has the meaning ascribed to it in the definition of “Leased
Employee” below. 
 For purposes of Section 3.5, the 80% thresholds of Code Sections 414(b) and (c) are deemed to be
“more than 50%,” rather than “at least 80%.” 
 Annuity Starting Date means the first day of the first
period for which an amount is paid in an annuity or other form of benefit. In the case of a lump sum distribution, the Annuity Starting Date is the date payment is actually made. 
 Beneficiary means the person or persons determined pursuant to Section 12.4. 
 Benefits Agreement means the Employee Benefits Agreement by and between FMC and the Company. 
 Board means the board of directors of the Company. 
 Code means the Internal Revenue Code of 1986, as amended from time to time. Reference to a specific provision of the Code includes that provision, any successor to it and any valid regulation promulgated
under the provision or successor provision. 
 Committee means the JBT Corporation Employee Welfare Benefits Plan Committee as
described in Section 9.3, its authorized delegates and any successor to the Committee. 
 Company means John Bean
Technologies Corporation and any successor to it. Prior to June 30, 2008, Company meant FMC Technologies, Inc. 
 Early Retirement
Benefit means the benefits determined pursuant to Section 3.2. 
 Early Retirement Date means (a) in the case
of an FMC Participant who became a Participant in the FMC Plan before January 1, 1984, such Participant’s 55th birthday; and (b) in the case of an FMC Participant who became a Participant in the FMC Plan after December 31, 1983,
any FMCTI Participant who became a Participant in the FMCTI Plan on or after May 1, 2001, or any other Employee who became a Participant in this Plan after the Effective Date, the later of the Participant’s 55th birthday and the date the
Participant acquires 10 Years of Credited Service. 
 Earnings means the total compensation paid by the Company or a
Participating Employer to an Eligible Employee for each Plan Year that is currently includible in gross income for federal income tax purposes: 
  

	 	(a)	 including: overtime, administrative and discretionary bonuses (including, gainsharing bonuses, performance related bonuses, completion bonuses (except as

  

 4 

	 	 
provided below); sales incentive bonuses; earned but unused vacation, back pay, sick pay (other than a cash payment of unused sick days) and state disability
benefits; plus the Employee’s Pre-Tax Contributions and amounts contributed to a plan described in Code Section 125 or 132; and the incentive compensation (including management incentive bonuses which may be paid in cash and restricted
stock and local incentive bonuses) earned during the Plan Year; 

  

	 	(b)	but excluding: hiring bonuses; referral bonuses; stay bonuses; retention bonuses; awards (including safety awards, “Gutbuster” awards and other similar awards);
amounts received as deferred compensation; disability payments from insurance or the Long-Term Disability Plan for Employees of FMC Technologies, Inc. (effective June 1, 2008, the Long-Term Disability Plan for Employees of JBT Corporation)
(other than state disability benefits); workers’ compensation benefits; flexible credits (i.e., wellness awards and payments for opting out of benefit coverage); expatriate premiums (including completion of expatriate assignment bonuses);
grievance or settlement pay; severance pay; incentives for reduction in force; accrued (but not earned) vacation; other special payments such as reimbursements, relocation or moving expense allowances; stock options or other stock-based compensation
(except as provided above); any gross-up paid by a Participating Employer; other distributions that receive special tax benefits; any amounts paid by a Participating Employer to cover an Employee’s FICA tax obligation as to amounts deferred or
accrued under any nonqualified retirement plan of a Participating Employer; and, pay in lieu of notice. 

  

	 	(c)	The annual amount of Earnings taken into account for a Participant must not exceed $160,000 (as adjusted by the Internal Revenue Service for cost-of-living increases in accordance
with Code Section 401(a)(17)(B)); provided, however, in determining benefit accruals after December 31, 2001, the annual amount of Earnings taken into account for a Participant must not exceed $200,000 (as adjusted by the Internal Revenue
Service, for cost of living increases in accordance with code Section 401(a)(17)(B)). For purposes of determining benefit accruals in any Plan year after December 31, 2001, Earnings for any prior Plan Year shall be subject to the
applicable limit on Earnings for that prior year. 

 Participant’s Earnings will be conclusively determined according to
the Company’s records. 
 An FMC Participant’s Earnings shall include all “Earnings” determined under the FMC Plan on and
prior to April 30, 2001 and all “Earnings” determined under the FMCTI Plan on and after May 1, 2001, but prior to June 30, 2008. 
 An FMCTI Participant’s Earnings shall include all “Earnings” determined under the FMCTI Plan on and prior to May 31, 2008. 
 Effective Date means (i) June 30, 2008 or, if later, an Employee’s Employment Commencement Date or Reemployment Commencement
date, whichever is applicable, (ii) with respect to each FMC Participant, June 30, 2008 or, if later, the date such FMC Participant’s accrued benefit under the FMC Plan is deemed transferred to this Plan under the Benefits Agreement
or (iii) with respect to each FMCTI Participant, June 30, 2008 or, if later, the date such FMCTI Participant’s accrued benefit under the FMCTI Plan is deemed transferred to this Plan. 
  

 5 

 Eligible Employee means an Employee of a Participating Employer who is employed on a
salaried basis or in such other classifications as the Company may designate as salaried positions, other than: 
  

	 	(a)	a Leased Employee; 

  

	 	(b)	a member of a bargaining unit covered by a collective bargaining agreement that does not specifically provide for participation in the Plan by members of the bargaining unit; or

  

	 	(c)	any Employee who generally resides outside the United States or whose principal duties generally are performed outside the United States as determined by the Company, unless such
individual is a United States citizen or permanent resident alien or the Company designates such individual as an Eligible Employee. 

 Any individual who is a United States citizen or permanent resident alien and who is employed by a Foreign Subsidiary in a position which would make such individual an Eligible Employee if employed by the Company shall be deemed to be
employed by the Company, provided that no entity other than the Company makes contributions under any funded plan of deferred compensation (other than the Thrift Plan or any governmental retirement plan) with respect to the remuneration such
individual receives from such Foreign Subsidiary. 
 Employee means a common law employee or Leased Employee of the Company or
an Affiliate, subject to the following rules: 
  

	 	(a)	a person who is not a Leased Employee and who is engaged as an independent contractor is not an Employee; 

  

	 	(b)	only individuals who are paid as employees from the payroll of the Company or an Affiliate and treated as employees are Employees under the Plan; and 

  

	 	(c)	any person retroactively found to be a common law employee shall not be eligible to participate in the Plan for any period he was not an Employee under the Plan.

 Employee Contributions means required contributions made by Participants to the FMC Plan or prior plans prior
to May 1, 1969. 
 Employment Commencement Date means the date on which the Employee first performs an Hour of Service.

 ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time. Reference to a specific
provision of ERISA includes the provision, any successor provision and any valid regulation promulgated under the provision or successor provision. 
 50% Joint and Survivor’s Annuity means the immediate annuity determined pursuant to Section 6.1.2. 
  

 6 

 Final Average Yearly Earnings means
1/5th of the sum of the Participant’s Earnings while an Eligible Employee (or with respect to an FMC Participant, while an Eligible Employee or
while an eligible employee under the FMC Plan or FMCTI Plan) (or with respect to an FMCTI Participant, while an Eligible Employee or while an eligible employee under the FMCTI Plan) for the 60 consecutive calendar months (not taking into account
months in which the Participant had no Earnings) out of the past 120 calendar months in which such Earnings were the highest. If the commencement of a Participant’s retirement benefits hereunder is preceded by a period of long-term disability,
the Company may adjust Final Average Yearly Earnings on a nondiscriminatory basis; provided, however, that no such adjustment shall be made to the Final Average Yearly Earnings of any Participant who initially commences receiving disability benefits
on or after January 12, 2006 under the Long-Term Disability Plan for Employees of FMC Technologies, Inc. (effective June 1, 2008, the Long-Term Disability Plan for Employees of JBT Corporation). With respect to Participants who accepted
offers of employment with Snap-On Incorporated (“Snap-On”) as a result of the Company’s sale of assets of its Automotive Service Equipment Division to Snap-On, the Participants’ Earnings shall include eligible wages with Snap-On
and its subsidiaries for purposes of calculating Final Average Yearly Earnings. 
 FMC means FMC Corporation, a Delaware
corporation. 
 FMC Beneficiary means an individual who was receiving benefits under the FMC Plan as a result of the death of
an FMC Participant and whose benefit was transferred to the FMCTI Plan pursuant to the FTI Spinoff. 
 FMC Joint Annuitant
means an individual who was designated as a joint annuitant of an FMC Participant under the FMC Plan, the benefits of such FMC Participant which were transferred to the FMCTI Plan pursuant to the FTI Spinoff. 
 FMC Participant means any participant in Part I Salaried and Non-Union Hourly Employee’s Retirement Plan of the FMC Plan who had their
accrued benefit, years of credited service and years of vesting service under the FMC Plan transferred to the FMCTI Plan, pursuant to the FTI Spinoff. 
 FMC Plan means the FMC Corporation Employees’ Retirement Program. 
 FMCTI
means FMC Technologies, Inc. 
 FMCTI Beneficiary means an individual who was receiving benefits under the FMCTI Plan as a
result of the death of an FMCTI Participant and whose benefit was transferred to this Plan pursuant to the JBT Spinoff. 
 FMCTI Joint
Annuitant means an individual who was designated as a joint annuitant of an FMCTI Participant under the FMCTI Plan, the benefits of such FMCTI Participant which were transferred to this Plan pursuant to the JBT Spinoff. 
 FMCTI Participant means any participant (including any FMC Participant) in Part I Salaried and Non-Union Hourly Employee’s Retirement
Plan of the FMCTI Plan who had their accrued benefit, years of credited service and years of vesting service under the FMCTI Plan transferred to this Plan, pursuant to the JBT Spinoff. 
  

 7 

 FMCTI Plan means the FMC Technologies, Inc. Employees’ Retirement Program. 

FTI Spinoff means the transfer of assets and liabilities attributable to FMC Participants from the FMC Plan to this Plan pursuant to the
Benefits Agreement. 
 Foreign Subsidiary means a foreign corporation covered by an agreement between the Company and the
Internal Revenue Service extending Federal Social Security benefits to such foreign corporation’s employees who are United States citizens, provided that either (a) not less than 20% of the voting stock of such foreign corporation is owned
by the Company or (b) more than 50% of the voting stock of such foreign corporation is owned by another foreign corporation which is described in (a) above. 
 Hour of Service means each hour (a) for which an Employee is directly or indirectly paid or entitled to payment by the Company or an Affiliate for the performance of duties, and (b) for each
FMC Participant, each hour of service credited to such individual under the FMC Plan and the FMCTI Plan as of the date prior to the Effective Date for such FMC Participant and (c) for each FMCTI Participant, each hour of service credited to
such individual under the FMCTI Plan as of the date prior to the Effective Date for such FMCTI Participant. Hours of Service will be credited to the Employee for the computation period in which the duties are performed. To the extent required by
law, Hour of Service will include each hour for which an Employee is paid, or entitled to payment, by the Company or any Affiliate on account of a period of time during which no duties are performed (irrespective of whether the employment
relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence. Nor more than 501 Hours of Service will be credited for any single continuous period (whether or
not such period occurs in a single computation period). Hours of Service for these purposes will be calculated and credited pursuant to section 2530.200b-2 of the Department of Labor Regulations which is incorporated herein by this reference. Also
to the extent required by law, Hours of Service will include each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Company or an Affiliate, provided however, the same hours of service will not be
credited. These hours will be credited to the Employee for the computation period or periods to which the award or agreement pertains rather than the computation period in which the award, agreement or payment is made. 
 Individual Life Annuity means the annuity determined pursuant to Section 6.1.1. 
 Interest means interest compounded annually at the following rates: 
  

	 	(a)	if Employee Contributions are withdrawn prior to retirement then 

  

	 	(i)	for periods prior to January 1, 1976 at a rate equal to 3%; and 

  

	 	(ii)	for periods on and after January 1, 1976 at a rate equal to 5%. 

  

	 	(b)	if Employee Contributions are not withdrawn and are used to increase a Participant’s Normal Retirement Benefit under Section 3.1.3, then at a rate equal to 5%.

 Investment Manager means a person who is an “investment manager” as defined in section 3(38) of
ERISA. 
  

 8 

 JBT Spinoff means the transfer of assets and liabilities attributable to FMCTI Participants
from the FMCTI Plan to this Plan. 
 Joint Annuitant means the individual determined pursuant to Section 6.4. 

Leased Employee means an individual who performs services for the Company or an Affiliate on a substantially full-time basis for a
period of at least one year, under the primary direction or control of the Company or an Affiliate, and under an agreement between the Company or Affiliate and a leasing organization. The leasing organization can be a third party or the Leased
Employee himself. 
 Level Income Option means the annuity determined pursuant to Section 6.2.4. 
 Normal Retirement Date means the Participant’s 65th birthday. 
 100% Joint and Survivor’s Annuity means the immediate annuity determined pursuant to Section 6.2.3. 
 One-Year Period of Severance means a 12-consecutive-month period commencing on an Employee’s Severance From Service Date in which the
Employee is not credited with an Hour of Service. 
 Participant means an Eligible Employee who has begun, but not ended, his
or her participation in the Plan pursuant to the provisions of Article II and, unless specifically indicated otherwise, shall include each FMC Participant and each FMCTI Participant. If a Participant who is vested in the Participant’s accrued
benefit on his or her Severance from Service Date is subsequently reemployed after his or her Severance from Service Date, he or she will become a Participant immediately upon reemployment. If a Participant who is not vested in the
Participant’s accrued benefit on his or her Severance from Service Date is subsequently reemployed after his Severance from Service Date, he or she will become a Participant immediately upon reemployment, unless his or her Period of Severance
is greater than or equal to five One-Year Periods of Severance. 
 Participating Employer means the Company and each other
Affiliate that adopts the Plan with the consent of the Board, as provided in Section 12.12. 
 Period of Service means the
period commencing on the Effective Date and ending on the Severance From Service Date including, for each FMC Participant and each FMCTI Participant, periods of service credited under the FMC Plan and/or the FMCTI Plan, as applicable, as of the date
immediately prior to the relevant Effective Date for such FMC Participant or FMCTI Participant. All Periods of Service (whether or not consecutive) shall be aggregated. For a Participant who is not immediately eligible to participate in the Plan
under the terms of Section 2.1 hereof, Period of Service shall include service from and after the first day of the period in which they become eligible to participate in the Plan pursuant to the terms of Section 2.1, but in no event
earlier than the Participant’s date of hire by the Company or its Affiliates. Notwithstanding the foregoing, if an Employee incurs a One-Year Period of Severance at a time when he or she has no vested interest under the Plan and the Employee
does not perform an Hour of Service within 5 years after the beginning of the One-Year Period of Severance, the Period of Vesting Service prior to such One-Year Period of Severance shall not be aggregated. 
  

 9 

 Period of Severance means the period commencing on the Severance From Service Date and
ending on the date on which the Employee again performs an Hour of Service. 
 Plan means Part I Salaried and Nonunion Hourly
Employees’ Retirement Plan of the JBT Corporation Employees’ Retirement Program. 
 Plan Year means the period
beginning June 30, 2008 and ending December 31, 2008 and thereafter the 12-month period beginning on January 1 and ending the next December 31. 
 Primary Social Security Benefit means the primary benefit which the Participant is eligible to receive at age 65 under the old age portion of the Federal Old Age, Survivors’ and Disability Insurance
Program assuming that after termination of employment with the Company and Affiliates the Participant has no further earnings subject to such programs. A Participant’s Primary Social Security Benefit shall be determined by taking his Earnings
at the time of his employment and applying a salary scale, projected backwards, reflecting the actual change in the average wage from year to year as determined by the Social Security Administration. 
 Reemployment Commencement Date means the first date following a Period of Severance which is not required to be taken into account for
purposes of an Employee’s Period of Vesting Service on which the Employee performs an Hour of Service. 
 Savings Plan
means the JBT Corporation Employees’ Savings and Investment Plan, as amended from time to time. 
 Severance From Service
Date means the earliest of: 
  

	 	(a)	the date on which an Employee voluntarily terminates, retires, is discharged or dies; 

  

	 	(b)	the first anniversary of the first date of a period in which an Employee remains absent from service (with or without pay) with the Company and Affiliates for any reason other than
voluntary termination, retirement, discharge or death; or 

  

	 	(c)	the second anniversary of the date an Employee is absent pursuant to a maternity or paternity leave of absence; provided, however, that the period between the first and second
anniversaries of the first date of such absence shall be neither a Period of Service nor a One-Year Period of Severance. 

 Notwithstanding the foregoing, a Severance From Service Date shall not be considered to have occurred under the following circumstances: 
  

	 	(i)	during a leave of absence, vacation or holiday with pay; during a leave of absence without pay granted by reason of disability or under the Family and Medical Leave Act of 1993;

  

	 	(ii)	during a period of qualified military service, provided the Employee makes application to return within 90 days after completion of active service and returns to active employment
as an Employee while reemployment rights are protected by law. If the Employee does not so return, the Employee shall have a Severance From Service Date on the first anniversary of the date of entry into military service. 

 

 10 

 If the Employee violates the terms of a leave of absence, the Employee shall be deemed to have
voluntarily terminated as of the date of such violation. In the case of a leave in excess of 12 months, if the Employee fails to return to active employment immediately after such leave, the Employee shall be deemed to have voluntarily terminated as
of the last day of the 12th month of the leave. 
 A “maternity or paternity leave of absence” means an absence from work by reason
of the Employee’s pregnancy, birth of the Employee’s child, placement of a child with the Employee in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period immediately following
such birth or placement. 
 Social Security Covered Compensation Base means the average of the compensation and benefit bases
in effect under Section 230 of the Social Security Act for each year in the 35-year period ending with the year in which the participant attains Social Security retirement age as defined in Section 415(b)(8) of the Code. 
 Supplement means the provisions of the Plan which apply only to a specific group of Employees or Participants as detailed in such
Supplement and which override any contrary provision of the Plan. 
 Trust means the trust established by the Trust Agreement.
“Trust Agreement” means the trust agreement or agreements, as amended from time to time, entered into by the Company and the Trustee pursuant to Section 8.1. “Trustee” means the trustee or trustees at any time appointed by
the Company pursuant to Section 8.1. 
 Trust Fund means the trust fund established and maintained by the Trustee to hold
all assets of the Plan pursuant to the Trust Agreement. 
 Year of Credited Service means (a) for an FMC Participant, his
or her years of credited service under the FMC Plan and/or the FMCTI Plan prior to such FMC Participant’s Effective Date, (b) for an FMCTI Participant, his or her years of credited service under the FMCTI Plan prior to such FMCTI
Participant’s Effective Date, and (c) the total number of calendar months during the Employee’s Period of Service while the Employee is an Eligible Employee and after he has become a Participant divided by 12. A partial month in such
Period of Service counts as a whole month, and fractional Years of Credited Service shall be taken into account in determining a Participant’s benefits. Year of Credited Service shall also include such other periods as the Company recognizes as
a Year of Credited Service, pursuant to written and nondiscriminatory rules. 
 Notwithstanding the foregoing, Year of Credited Service shall
not include (i) any leave of absence without pay unless the Employee returns to active employment as an Employee immediately after such leave and abides by all the terms of the leave, (ii) any maternity or paternity leave of absence unless
the Employee returns to active employment as an Employee within 12 months after the first day of such leave, (iii) any period of service with respect to which such Eligible Employee accrues a benefit under the FMC Plan on or after May 1,
2001, the FMCTI Plan on or after June 30, 2008, or any pension, profit sharing or other retirement plan listed on Exhibit A, or (iv) with respect to any Employee who initially commences receiving disability benefits effective on or after
January 12, 2006 under the Long-Term Disability Plan for Employees of FMC Technologies, Inc. (effective June 1, 2008, the Long-Term Disability Plan for Employees of JBT Corporation), any period for which the Employee receives such
benefits. 
  

 11 

 Year of Vesting Service means (a) for an FMC Participant, his or her years of service
and years of vesting service credited under the FMC Plan and FMCTI Plan prior to such FMC Participant’s Effective Date, (b) for an FMCTI Participant, his or her years of service and years of vesting service credited under the FMCTI Plan
prior to such FMCTI Participant’s Effective Date, and (c) the total number of calendar months during the Employee’s Period of Service divided by 12, determined in accordance with the following rules: 
  

	 	(i)	a partial month in the Employee’s Period of Service counts as a whole month; 

  

	 	(ii)	if the Employee has a Severance From Service Date by reason of a voluntary termination, discharge or retirement and the Employee then performs 1 Hour of Service within 12 months of
the Severance From Service Date, such Period of Severance is included in the Period of Vesting Service. If the Employee has a Severance From Service Date by reason of a voluntary termination, discharge or retirement during an absence from service of
12 months or less for any reason other than a voluntary termination, discharge or retirement, and then performs 1 Hour of Service within 12 months of the date on which the Employee was first absent from service, such Period of Severance is included
in the Period of Vesting Service; 

  

	 	(iii)	period of Vesting Service also includes the following: 

  

	 	(1)	a period of employment with an employer substantially all of the equity interest or assets of which have been acquired by the Company or an Affiliate, but only to the extent that
the Company expressly recognizes such period as a Period of Vesting Service pursuant to written and nondiscriminatory rules; and 

  

	 	(2)	such other periods as the Company recognizes as a Period of Vesting Service pursuant to written and nondiscriminatory rules. 

  

	 	(iv)	Notwithstanding the foregoing, Year of Vesting Service shall not include with respect to any Employee who initially commences receiving disability benefits effective on or after
January 12, 2006 under the Long-Term Disability Plan for Employees of FMC Technologies, Inc. (effective June 1, 2008, the Long-Term Disability Plan for Employees of JBT Corporation), any period for which the Employee receives such
benefits. 

  

 12 

 ARTICLE II 
 Participation 
 2.1 Eligibility and Commencement of Participation 
 Each FMC Participant and FMCTI Participant shall automatically became a Participant in the Plan on such FMC Participant’s or FMCTI Participant’s
Effective Date. Except as otherwise provided in the applicable Supplement, each other Employee shall automatically become a Participant in the Plan as of the first day of the month in which the Participant satisfies all of the following
requirements: 
  

	 	(a)	the Employee is an Eligible Employee; and 

  

	 	(b)	the Employee either (i) is a regular, full-time Employee, or (ii) has completed not less than 1,000 Hours of Service in a 12-month period beginning on the date his
employment commenced or any anniversary thereof. 

 2.2 Provision of Information 
 Each Participant must make available to the Administrator any information it reasonably requests. As a condition of participation in the Plan, each
Employee, FMC Participant and FMCTI Participant agrees, on his or her own behalf and on behalf of all persons who may have or claim any right by reason of the Employee’s participation in the Plan, to be bound by all provisions of the Plan.

 2.3 Termination of Participation 
 A Participant ceases to be a Participant when he or she dies or, if earlier, when his or her entire vested benefit accrued under the Plan has been paid to him or her. 
 2.4 Special Rules Relating to Veterans’ Reemployment Rights 
 Notwithstanding any
provision of this Plan to the contrary, with respect to an Eligible Employee or Participant who is reemployed in accordance with the reemployment provisions of the Uniformed Services Employment and Reemployment Rights Act following a period of
qualifying military service (as determined under such Act), contributions, benefits and service credit will be provided in accordance with Section 414(u) of the Code. 
 ARTICLE III 
 Normal, Early and Deferred Retirement Benefits 
 3.1 Normal Retirement Benefits 
 3.1.1
Normal Retirement: A Participant who retires on the Normal Retirement Date shall be entitled to receive a Normal Retirement Benefit determined under Section 3.1.2. Payment of such benefit shall commence as of the first day of the month
coincident with or next following the Participant’s Normal Retirement Date, unless the Participant elects to defer commencement subject to Section 3.3.2. 
 3.1.2 Calculation of Normal Retirement Benefit: Subject to Section 3.1.3, a Participant’s monthly Normal Retirement Benefit shall be equal to the product of (a) multiplied by (b) below:

  

	 	(a)	1/12th of the sum of (i) and (ii) below: 

  

	 	(i)	 the sum of (1) 1% of the Participant’s Final Average Yearly Earnings up to the Social Security Covered Compensation Base 

  

 13 

	 	 
and (2) 1-1/2% of the Participant’s Final Average Yearly Earnings in excess of the Social Security Covered Compensation Base multiplied by the
Participant’s expected Years of Credited Service at age 65 up to 35 Years of Credited Service; and 

  

	 	(ii)	1-1/2% of the Participant’s Final Average Yearly Earnings multiplied by the Participant’s expected Years of Credited Service at age 65 in excess of 35 Years of Credited
Service. 

  

	 	(b)	the ratio of actual Years of Credited Service to expected Years of Credited Service at age 65. 

 In no event, however, shall an FMC Participant’s monthly Normal Retirement Benefit be less than his or her accrued monthly Normal Retirement Benefit under the FMC Plan as of December 31, 1990. 
 3.1.3 Increases for Employee Contributions: Employee Contributions and Interest credited to a Participant are not paid as an accrued benefit, but
rather may be withdrawn by the Participant at any time pursuant to Section 5.2 hereof. However, if a Participant does not elect to withdraw the Employee Contributions and Interest credited to the Participant either at the time of Retirement or
before, pursuant to the terms of Section 5.2 hereof, a Participant’s Normal Retirement Benefit shall be increased $1 for each $120.00 of unwithdrawn Employee Contributions credited to the Participant. 
 3.1.4 Reductions for Certain Benefits: A Participant’s Normal Retirement Benefit shall be reduced by the value of (a) for FMC
Participants, the FMC Participant’s vested benefit accrued under the FMC Plan as of November 30, 1985 (to the extent funded by the Aetna nonparticipating annuity contract or the Prudential nonparticipating annuity contract) and
(b) any vested benefit payable to the Participant under the FMC Plan, the FMCTI Plan, or any pension, profit sharing or other retirement plan other than the Savings Plan (hereinafter called “Duplicate Benefit Plan”) which is
attributable to any period which counts as Credited Service under this Plan. For purposes of determining the amount of any Duplicate Benefit Plan reduction, the vested benefit under the Duplicate Benefit Plan shall be converted to a form which is
identical to the form of benefit which is to be paid under this Plan, including any applicable reductions for early commencement as determined under the Plan or the Duplicate Benefit Plan, as applicable. Such values will be determined as of the
earlier of the Annuity Starting Date under the Plan, or the date distribution of such vested benefit was made or commenced under the Duplicate Benefit Plan as applicable. 
 3.2 Early Retirement Benefits 
 3.2.1 Early Retirement: A Participant who retires on or
after the Early Retirement Date shall be entitled to receive an Early Retirement Benefit determined under Section 3.2.2. Payment of such benefit shall commence as of the first of the month after the Participant retires or, if the Participant
elects, as of the first day of any subsequent month. Any such election of a deferred commencement date may be revoked at any time prior to such date and a new date may be elected by giving advance written notice to the Administrator in accordance
with rules prescribed by the Administrator. 
  

 14 

 3.2.2 Calculation of Early Retirement Benefit: Subject to Sections 3.2.3 and 3.2.4, a
Participant’s monthly Early Retirement Benefit shall be equal to the greater of (a) or (b) below: 
  

	 	(a)	an amount determined pursuant to Section 3.1.2; and 

  

	 	(b)	for an FMC Participant, his or her accrued monthly unreduced Early Retirement Benefit under the FMC Plan as of December 31, 1990 that was transferred to the FMCTI Plan in the
FTI Spinoff. 

 3.2.3 Early Retirement Reduction Factor: The
Participant’s Early Retirement Benefit computed pursuant to Section 3.2.2 shall be reduced by 1 /3 of 1% for each 1 month in excess of 36 by which the commencement of the Participant’s Early Retirement Benefit precedes the
Participant’s 65th birthday. 
 3.2.4 Adjustments to Early Retirement Benefit: To the extent applicable, a Participant’s Early Retirement Benefit shall be increased as provided in Section 3.1.3 except that the number of dollars of unwithdrawn Employee
Contributions and Interest required to provide $1 of monthly retirement benefits shall be increased by $3 for each full year by which the commencement of the Participant’s Early Retirement Benefit precedes the Participant’s Normal
Retirement Date. Partial years shall be prorated on the basis of $0.25 per month. 
 3.3 Deferred Retirement Benefits 
 3.3.1 Deferred Retirement: A Participant who retires after the Normal Retirement Date shall be entitled to receive a Normal Retirement Benefit
determined under Section 3.1.2 commencing as of the first day of the month coinciding with or next following the date the Participant actually retires. Each Participant shall accrue additional benefits hereunder after the Participant’s
Normal Retirement Date with respect to the portion of the Normal Retirement Benefit which is attributable to contributions by the Company, and the amount, if any, of Employee Contributions and Interest required to provide $1 of monthly retirement
benefit under Section 3.1.3 shall be decreased by $3 for each full year by which the commencement of the Normal Retirement Benefit follows the Normal Retirement Date. Partial years shall be prorated on the basis of $0.25 per month. If a
Participant who is not employed by the Company or its Affiliates on his or her Normal Retirement Date defers his or her Normal Retirement Benefit will be paid retroactive to the Participant’s Normal Retirement Date as soon as reasonably
practicable after the Plan Administrator learns of the deferred benefit. 
 3.3.2 Distribution Requirements: Except as hereinafter
provided, unless the Participant elects otherwise in accordance with the terms of the Plan, payment of a Participant’s retirement benefits will begin no later than 60 days after the close of the Plan Year in which the latest of the following
events occurs: 
  

	 	(a)	the Participant’s 65th birthday; 

  

	 	(b)	the 10th anniversary of the year in which the Participant commenced participation in the Plan; and 

  

	 	(c)	the Participant terminates employment with the Company and all Affiliates. 

  

 15 

 If the amount of the payment required to commence on the date determined under this Section 3.3.2
cannot be ascertained by such date, or if it is not possible to make such payment on such date because the Administrator cannot locate the Participant after making reasonable efforts to do so, a payment retroactive to such date may be made no later
than 60 days after the earliest date on which the amount of such payment can be ascertained under this Plan or the date the Participant is located. 
 Notwithstanding any other provision of this Plan: 
  

	 	(i)	the accrued benefit of a Participant who attains age 70-1/2 on or after January 1, 2000 must be distributed or commence to be distributed no later than the April 1
following the later of (1) the calendar year in which the Participant attains age 70-1/2 or (2) the calendar year in which the Participant retires (unless the Participant is a 5% owner, as defined in Code Section 416, of the Company
with respect to the Plan Year in which the Participant attains age 70-1/2, in which case this Subsection (2) shall not apply); and 

  

	 	(ii)	the accrued benefit of a Participant who attains age 70-1/2 prior to January 1, 2000 must be distributed or commence to be distributed no later than the April 1 following
the calendar year in which the Participant attains age 70-1/2 unless the Participant is not a 5% owner (as defined in Subsection (i)) and elects to defer distribution to the calendar year in which the Participant retires. 

All Plan distributions will comply with Code Section 401(a)(9), including Department of
Treasury Regulation Section 1.401(a)(9)-2. With respect to distributions made under the Plan for Plan Years beginning on or after January 1, 2003, all Plan distributions will comply with Code Section 401(a)(9), including Department of
Treasury Regulation Section 1.401(a)(9)-2 through 1.401(a)(9)-9, as promulgated under Final and Temporary Regulations published in the Federal Register on April 17, 2002 (the ‘401(a)(9) Regulations’), with respect to minimum
distributions under Code Section 401(a)(9). In addition, the benefit payments distributed to any Participant on or after January 1, 2003, will satisfy the incidental death benefit provisions under Code Section 401(a)(9)(G) and
Department of Treasury Regulation Section 1.401(a)(9)-5(d), as promulgated in the 401(a)(9) Regulations. To the extent required by Coe Section 401(a)(9)(C)(iii), or any other applicable guidance issued thereunder, with respect to a
Participant who retires in a calendar year after the calendar year in which the Participant attains age 70  1/2, the actuarial
increase in such Participant’s accrued benefit mandated by Code Section 401(a)(9)(C)(iii) shall be implemented notwithstanding any suspension of benefits provision applicable to such Participant pursuant to ERISA 203(a)(3)(B), Code
Section 411(a)(3)(B) and the terms of the Plan. 
  

 16 

 3.4 Suspension of Benefits 
 3.4.1 Prior to Normal Retirement Date: If a Participant receives retirement benefits under the Plan following a termination of his employment prior to the Participant’s Normal Retirement Date and again
becomes an Employee prior to the Participant’s Normal Retirement Date, no retirement benefits shall be paid during such later period of employment and up to the Participant’s Normal Retirement Date. Any benefits payable under the Plan to
or on behalf of the Participant at the time of the Participant’s subsequent termination of employment shall be reduced by the actuarial equivalent (based on the assumptions in Exhibit E-4) of any benefits paid to the Participant after the
Participant earlier termination and prior to his Normal Retirement Date. 
 3.4.2 After Normal Retirement Date: If (a) a
Participant whose employment terminates again becomes an Employee after the Participant’s Normal Retirement Date, or again becomes an Employee prior to the Participant’s Normal Retirement Date and continues in employment beyond the
Participant’s Normal Retirement Date, or (b) a Participant continues in employment with the Company and Affiliates after his Normal Retirement Date without a prior termination, the following provisions of this Section 3.4.2 shall
become applicable to the Participant as of the Participant’s Normal Retirement Date or, if later, the Participant’s date of reemployment. 
  

	 	(i)	For purposes of this Section 3.4.2, the following definitions shall apply: 

  

	 	(1)	Postretirement Date Service means each calendar month after a Participant’s Normal Retirement Date and subsequent to the time that: 

  

	 	(A)	payment of retirement benefits commenced to the Participant if the Participant returned to employment with the Company and Affiliates, or 

  

	 	(B)	payment of retirement benefits would have commenced to him if the Participant had not remained in employment with the Company and Affiliates, if in either case the Participant
receives pay from the Company and Affiliates for any Hours of Service performed on each of 8 or more days (or separate work shifts) in such calendar month. 

  

	 	(2)	Suspendable Amount means the monthly retirement benefits otherwise payable in a calendar month in which the Participant is engaged in Postretirement Date Service.

  

	 	(ii)	 Payment shall be permanently withheld of a portion of a Participant’s retirement benefits, not in excess of the Suspendable Amount, for each calendar month
during which the Participant is employed in Postretirement Date Service. If payments have been suspended pursuant to Subsection (ii) above, such payments shall resume no later than the first day of the third calendar month after the calendar
month in which the Participant ceases to be employed in Postretirement Date Service; provided, however, that no payments shall resume until the Participant has complied with the requirements set forth in Subsection (vi) below. The initial
payment upon resumption shall include the payment scheduled 

  

 17 

	 	 
to occur in the calendar month when payments resume and any amounts withheld during the period between the cessation of Postretirement Date Service and the
resumption of payment, less any amounts that are subject to offset pursuant to Subsection (iv) below. 

  

	 	(iii)	Retirement benefits made subsequent to Postretirement Date Service shall be reduced by (1) the actuarial equivalent (based on the assumptions in Exhibit E-4) of any benefits
paid to the Participant prior to the time the Participant is reemployed after the Participant’s Normal Retirement Date; and (2) the amount of any payments previously made during those calendar months in which the Participant was engaged in
Postretirement Date Service; provided, however, that such reduction under (Subsection (2)) shall not exceed, in any one month, 25% percent of that month’s total retirement benefits (excluding amounts described in Subsection
(ii) above) that would have been due but for the offset. 

  

	 	(iv)	Any Participant whose retirement benefits are suspended pursuant to Subsection (ii) of this Section 3.4.2 shall be notified (by personal delivery or certified or
registered mail) during the first calendar month in which payments are withheld that the Participant’s retirement benefits are suspended. Such notification shall include: 

  

	 	(1)	a description of the specific reasons for the suspension of payments; 

  

	 	(2)	a general description of the Plan provisions relating to the suspension; 

  

	 	(3)	a copy of the provisions; 

  

	 	(4)	a statement to the effect that applicable Department of Labor Regulations may be found at Section 2530.203-3 of Title 29 of the Code of Federal Regulations;

  

	 	(5)	the procedure for appealing the suspension, which procedure shall be governed by Section 12.11; and 

  

	 	(6)	the procedure for filing a benefits resumption notification pursuant to Subsection (vi) below. 

 If payments subsequent to the suspension are to be reduced by an offset pursuant to Subsection (iv) above, the notification shall specifically
identify the periods of employment for which the amounts to be offset were paid, the Suspendable Amounts subject to offset, and the manner in which the Plan intends to offset such Suspendable Amounts. 
  

	 	(vi)	Payments shall not resume as set forth in Subsection (iii) above until a Participant performing Postretirement Date Service notifies the Administrator in writing of the
cessation of such Service and supplies the Administrator with such proof of the cessation as the Administrator may reasonably require. 

  

 18 

	 	(vii)	A Participant may request, pursuant to the procedure contained in Section 12.11, a determination whether specific contemplated employment will constitute Postretirement Date
Service. 

 3.5 Benefit Limitations 
 3.5.1 Limitation on Accrued Benefit: Notwithstanding any other provision of the Plan, the annual benefit payable under the Plan to a Participant, when expressed as a monthly benefit commencing at the
Participant’s Social Security Retirement Age (as defined in Code Section 415(b)(8)), shall not exceed the lesser of (a) $13,333.33 or (b) the highest average of the Participant’s monthly compensation for 3 consecutive
calendar years, subject to the following: 
  

	 	(i)	The maximum shall apply to the Individual Life Annuity computed under Section 3.1, 3.2, 3.3 or Article IV and to that portion of the Accrued Benefit (as adjusted as required
under Code Section 415) payable in the form elected to the Participant during the Participant’s lifetime. 

  

	 	(ii)	If a Participant has fewer than 10 years of participation in the Plan, the maximum dollar limitation of Subsection (a) above shall be multiplied by a fraction of which the
numerator is the Participant’s actual years of participation in the Plan (computed to fractional parts of a year) and the denominator is 10. If a Participant has fewer than 10 Years of Vesting Service, the maximum compensation limitation in
Subsection (b) above shall be multiplied by a fraction of which the numerator is the Years of Vesting Service (computed to fractional parts of a year) and the denominator is 10. Provided, however, that in no event shall such dollar or
compensation limitation, as applicable, be less than 1/10th of such limitation determined without regard to any adjustment under this Subsection (ii). 

  

	 	(iii)	As of January 1 of each year, the dollar limitation as adjusted by the Commissioner of Internal Revenue for that calendar year to reflect increases in the cost of living shall
become effective as the maximum dollar limitation in Subsection (a) above for the Plan Year ending within that calendar year for Participants terminating in or after such Plan Year. 

  

	 	(iv)	If the benefit of a Participant begins prior to age 62, the defined benefit dollar limitation applicable to the Participant at such earlier age is an annual benefit payable in the
form of a Life Annuity beginning at the earlier age that is the Actuarial Equivalent of the dollar limitation under Subsection (a) above applicable to the Participant at age 62. The defined benefit dollar limitation applicable at an age prior
to age 62 is determined by using the lesser of the effective Early Retirement reduction, as determined under the Plan, or 5% per year. The mortality basis for determining Actuarial Equivalence for terminations on or after December 31,
2002, as applicable, shall be the 1994 Group Annuity Reserving Table (weighted 50% male, 50% female and projected to 2002 using Scale AA), which is the table prescribed in Rev. Rul. 2001-62, (or the applicable mortality table, prescribed under
Section 417(e)(3) of the Code or other guidance of general applicability issued thereunder). 

  

 19 

 For periods prior to January 1, 2002, the dollar limitation under Code Section 415 in effect
for the applicable Plan Year above shall be modified as follows to reflect commencement of retirement benefits on a date other than the Participant’s Social Security Retirement Age: 
  

	 	(1)	if the Participant’s Social Security Retirement Age is 65, the dollar limitation for benefits commencing on or after age 62 is determined by reducing the dollar limitation
under Subsection (a) above by 5/9ths of 1% for each month by which benefits commence before the month in which the Participant attains age 65; 

  

	 	(2)	if the Participant’s Social Security Retirement Age is greater than 65, the dollar limitation for benefits commencing on or after age 62 is determined by reducing the dollar
limitation under Subsection (a) above by 5/9ths of 1% for each of the first 36 months and by 5/12ths of 1% for each of the additional months by which benefits commence before the month in which the Participant attains the Participant’s
Social Security Retirement Age; 

  

	 	(3)	if the Participant’s benefit commences prior to age 62, the dollar limitation shall be the actuarial equivalent of Subsection (a) above, payable at age 62, as determined
above, reduced for each month by which benefits commence before the month in which the Participant attains age 62. The interest rate for determining Actuarial Equivalence shall be the greater of the interest rate assumption under the Plan for
determining early retirement benefits or 5% per year. The mortality basis for determining Actuarial Equivalence for terminations on or after January 1, 1995 shall be the 1983 Group Annuity Mortality Table (weighted 50% male and 50%
female); 

  

	 	(v)	Notwithstanding the foregoing, the maximum as applied to any FMC Participant on April 1, 1987 shall in no event be less than the FMC Participant’s “current accrued
benefit” as of March 31, 1987, under the FMC Plan, as that term is defined in Section 1106 of the Tax Reform Act of 1986. 

  

	 	(vi)	The maximum shall apply to the benefits payable to a Participant under the Plan and all other tax-qualified defined benefit plans of the Company and Affiliates (whether or not
terminated), and benefits shall be reduced, if necessary, in the reverse of the chronological order of participation in such plans. 

 3.5.2 Multiple Plan Reduction: With respect to each FMC Participant who did not have 1 Hour of Service after December 31, 1999 and who is (or has been) a participant in any defined contribution plan (whether or not terminated)
maintained by FMC, FMCTI, the 

  

 20 

 
Company or an Affiliate, the sum of the FMC Participant’s defined benefit plan fraction (as defined under Code Section 415(e)(2)) and defined
contribution plan fraction (as defined under Code Section 415(e)(3)) shall not exceed 1. If such sum exceeds 1, the FMC Participant’s defined benefit plan fraction shall be reduced until such sum equal 1. 
 3.5.3 Annual Compensation Limit: The accrued benefit of each “Section 401(a)(17) employee” under this Plan will be the greater of the
accrued benefit determined for the Employee under (a) or (b) below: 
  

	 	(a)	the Employee’s accrued benefit determined with respect to the benefit formula applicable for the Plan Year beginning on or after January 1, 1994, as applied to the
Employee’s total Years of Credited Service, or 

  

	 	(b)	the sum of: 

  

	 	(i)	the Employee’s accrued benefit as of the last day of the last Plan Year beginning before January 1, 1994, frozen in accordance with section 1.401(a)(4)-13 of the
regulations under the Code, and the Employee’s accrued benefit determined under the benefit formula applicable for the Plan Year beginning on or after January 1, 1994, as applied to the Employee’s Years of Credited Service credited to
the Employee for Plan Years beginning on or after January 1, 1994. 

 A “Section 401(a)(17) employee” means an
Employee whose current accrued benefit as of a date on or after the first day of the first Plan Year beginning on or after January 1, 1994, is based on Earnings for a year beginning prior to January 1, 1994 that exceeded $150,000.

 3.5.4 Incorporation of Section 415 of the Code: The provisions set forth in Article III are intended to comply with the
requirements of Section 415 of the Code and shall be interpreted, applied and if and to the extent necessary, deemed modified without formal language so as to satisfy solely the minimum requirements of Section 415. 
 3.6 FMC Participants’ and FMCTI Participants’ Benefits 
 The Normal Retirement Benefit, Early Retirement Benefit and Termination Benefit for each FMC Participant who is not an Employee and who does not complete an Hour of Service on or after May 1, 2001 shall,
notwithstanding the provisions of Sections 3.1, 3.2, 3.3 or 4.2 hereof, equal the accrued benefit of such FMC Participant as transferred from the FMC Plan in the FTI Spinoff. 
 The Normal Retirement Benefit, Early Retirement Benefit and Termination Benefit for each FMCTI Participant who is not an Employee and who does not
complete an Hour of Service on or after June 30, 2008 shall, notwithstanding the provisions of Sections 3.1, 3.2, 3.3 or 4.2 hereof, equal the accrued benefit of such FMCTI Participant as transferred from the FMCTI Plan in the JBT Spinoff.

  

 21 

 ARTICLE IV 
 Termination Benefits 
 4.1 Termination of Service 
 Except as otherwise provided in the applicable Supplement, a Participant who has 5 Years of Vesting Service but who ceases to be an Employee before the
Participant’s Early Retirement Date for any reason other than death, shall be entitled to receive a “Termination Benefit” determined under Section 4.2. Except as otherwise provided in the applicable Supplement, unless the
Participant elects otherwise subject to Section 3.3.2, payment of such benefit shall commence as of the first day of the month coincident with or next following the Participant’s Normal Retirement Date or, if the Participant elects, as of
the first day of any month before such Normal Retirement Date and coincident with or following the Participant’s 55th birthday. Any such election of the earlier Annuity Starting Date shall be made by giving advance written notice to the
Administrator in accordance with rules prescribed by the Administrator. Except as provided in Article V and Article VII, no benefits shall be payable to any person if the Participant dies prior to the Annuity Starting Date. A terminated Participant
who has no vested interest in the Participant’s accrued benefit shall be deemed to have received a distribution of the Participant’s entire vested benefit. The Committee or its delegatee may, in its discretion, fully vest a Participant in
the Participant’s accrued benefit in the event the Participant’s employment with the Company is affected by a transaction undertaken by the Company. 
 4.2 Amount of Termination Benefit 
 Except as otherwise provided in the applicable Supplement or in Section 3.6,
a Participant’s monthly Termination Benefit shall be determined pursuant to Sections 3.1.2 and 3.1.3 as in effect on the date the Participant terminates employment, except that the following adjustments shall be made if payment of the
Participant’s Termination Benefit is to commence before the Normal Retirement Date: 
  

	 	(a)	the amount computed pursuant to Section 3.1.2 shall be reduced by 1/2 of 1% for each month between the Annuity Starting Date and the Normal Retirement Date;

  

	 	(b)	the amount of Employee Contributions and Interest required to provide $1 of monthly retirement benefit under Section 3.1.3 shall be increased by $3 for each full year by which
the Annuity Starting Date precedes the Normal Retirement Date, and partial years shall be prorated on the basis of $0.25 per month; 

  

	 	 (c)
	 notwithstanding Subsection (a) of this Section 4.2, the amounts computed pursuant to Section 3.1.2 shall
be reduced by 1/3 of 1% for each month in excess of 36 by which the Annuity Starting Date precedes the Participant’s 65th birthday if:

  

	 	(i)	the Participant’s combined age and Years of Vesting Service equal at least 65, and the Participant ceases to be an Employee (1) because of the permanent shutdown of a
single site of employment or one or more facilities or operating units within a single site of employment or (2) in connection with a permanent reduction in force; or 

  

 22 

	 	(ii)	the Participant has Years of Vesting Service attributable to employment with FMC before January 1, 1989, has attained age 40, and permanently ceases to be an Employee because
of the permanent shutdown of a single site of employment, resulting in the termination of employment of not more than 20 Participants at that employment site. 

  

	 	(d)	If a Participant ceases to be an Employee (1) because of the permanent shut down of a single site of employment of one or more facilities or operating units within a single
site of employment, or (2) in connection with a permanent reduction in force, solely for purposes of determining a Participant’s eligibility for Early Retirement, a Participant with 10 Years of Credited Service shall have added to his or
her age the number of weeks of pay he or she receives that are attributable to severance pay, unused vacation pay and accrued vacation pay. 

  

	 	(e)	Notwithstanding anything herein to the contrary, for purposes of determining a Participant’s total combined age and Years of Vesting Service under Section 4.2(c) and
4.2(d), a partial month of age or Period of Service shall be counted as a whole month, and fractional years of age and Years of Vesting Service shall be taken into account. 

 ARTICLE V 
 Refund of Employee Contributions 
 5.1 Employee Contributions 
 No Employee
Contributions are permitted to be made to this Plan. However, Employee Contributions which were transferred from the FMC Plan are held under this Plan for the FMC Participants. All Employee Contributions transferred from the FMC Plan are fully
vested and nonforfeitable and will be paid in accordance with the terms of Sections 5.2, 5.3 or 5.4 or in accordance with the terms of Section 3.1.3, 3.2.4, or 3.3.1, as applicable. 
 5.2 Withdrawal of Employee Contributions 
 A FMC Participant may withdraw all of the FMC
Participant’s Employee Contributions, plus Interest thereon to the date of withdrawal, at any time before payment of a monthly retirement benefit commences by giving advance written notice to the Administrator in accordance with procedures
prescribed by the Administrator. No partial withdrawal of Employee Contributions and Interest shall be permitted. 
 Payment of the FMC
Participant’s Employee Contributions plus Interest shall be in the normal form of benefit (50% Joint and Survivor’s Annuity for a married FMC Participant, Individual Life Annuity for an unmarried FMC Participant) unless the FMC Participant
waives such annuity (with the consent of the FMC Participant’s spouse, if the FMC Participant is married, in accordance with Section 6.3) and elects payment in a single sum. 
  

 23 

 5.3 Refund Upon Death Before Annuity Starting Date 
 If a FMC Participant dies before the Annuity Starting Date, the FMC Participant’s Beneficiary shall receive in a lump sum a refund of the FMC
Participant’s unwithdrawn Employee Contributions and Interest. The refund shall be made as soon as reasonably practicable after the date of the FMC Participant’s death, and Interest shall be computed to the date when the refund is paid.

 5.4 Refund After Annuity Starting Date 
 If a FMC Participant dies after the Annuity Starting Date, there shall be paid to his or her Beneficiary the difference, if any, between such FMC Participant’s Employee Contributions and Interest as of the Annuity Starting Date and:

  

	 	(a)	if the FMC Participant elected an Individual Life Annuity or a Level Income Option, the portion of the benefits which the FMC Participant has received which are attributable to
Employee Contributions and Interest; 

  

	 	(b)	if the FMC Participant elected any other form of benefit, the portion of the benefits received by the FMC Participant and the FMC Participant’s Joint Annuitant which are
attributable to Employee Contributions and Interest. 

 Any payment pursuant to (a) above shall be made as soon as
reasonably practicable after the FMC Participant’s death. Any payment pursuant to (b) above shall be made as soon as reasonably practicable after all other benefit payments to the Joint Annuitant have ceased. 
 ARTICLE VI 
 Payment of
Retirement Benefits 
 6.1 Normal Form of Benefit 
 Except as otherwise provided in the applicable Supplement, a Participant’s benefit shall be paid in the form of a 50% Joint and Survivor’s Annuity, with the Participant’s spouse as Joint Annuitant if
the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects with spousal consent not to receive payments
pursuant to this 6.1 and to receive payments in one of the optional forms permitted under Section 6.2. An election not to receive the normal form of benefit and to receive payment in any optional form shall satisfy the applicable requirements
of Section 6.3. 
 6.2 Available Forms of Benefits 
 A Participant may elect with spousal consent and in accordance with Section 6.3, to receive the Participant’s benefits in any one of the forms of benefits described in this Section 6.2. 
 6.2.1 Individual Life Annuity: An Individual Life Annuity is an immediate annuity which provides equal monthly payments for the Participant’s
life only. 
  

 24 

 6.2.2 50% Joint and Survivor’s Annuity: A 50% Joint and Survivor’s Annuity is an
immediate annuity which is the actuarial equivalent of an Individual Life Annuity (determined in accordance with Exhibit E-1) (effective February 1, 2006, the Actuarial Equivalent of an Individual Life Annuity), but which provides a smaller
monthly annuity for the Participant’s life than an Individual Life Annuity. 
 6.2.3 100% Joint and Survivor’s Annuity: A
100% Joint and Survivor’s Annuity is an immediate annuity which is the actuarial equivalent of an Individual Life Annuity (determined in accordance with Exhibit E-2) (effective February 1, 2006, the Actuarial Equivalent of an Individual
Life Annuity), but which provides a smaller monthly annuity for the Participant’s life than an Individual Life Annuity. 
 6.2.4 Level Income Option: The Level Income Option provides greater monthly annuity
payments prior the Participant’s 62nd birthday (determined in accordance with Exhibit E-3 (effective February 1, 2006, determined in
accordance with the definition of Actuarial Equivalence in Article I)) and after such birthday provides reduced monthly annuity payments in an amount which, when added to the Primary Social Security Benefits which the Participant could elect to
receive, approximately equals the amount of the monthly annuity paid prior to the Participant’s 62nd birthday. A Participant who is entitled to
an Early Retirement Benefit under Section 3.2 and who elects to have such benefit commence prior to age 62 may elect the Level Income Option, unless the Primary Social Security Benefits which the Participant could elect to receive at age 62
would equal or exceed the amount of the monthly annuity payments prior to age 62 or unless the Participant is receiving Social Security disability benefits. Such election shall be subject to the approval of the Participant’s spouse, given in
accordance with the requirements for spousal consent under Section 6.3. 
 6.2.5 Qualified Optional Survivor Annuity: Effective
for Plan Years beginning on or after January 1, 2008, a Participant may elect a Qualified Optional Survivor Annuity which is an immediate annuity for the life of the Participant with a survivor annuity for the life of the Participant’s
surviving spouse that equals 75% of the amount of the annuity which is payable during the joint lives of the Participant and the Participant’s spouse. 
 6.3 Election of Benefits 
 6.3.1 The Administrator shall provide each Participant with a written notice containing the
following information: 
  

	 	(a)	a general description of the normal form of benefit payable under the Plan; 

  

	 	(b)	the Participant’s right to make and the effect of an election to waive the normal form of benefit; 

  

	 	(c)	the right of the Participant’s spouse not to consent to the Participant’s election under Section 6.1; 

  

	 	(d)	the right of Participant to revoke such election, and the effect of such revocation; 

  

	 	(e)	the optional forms of benefits available under the Plan; and 

  

	 	(f)	the Participant’s right to request in writing information on the particular financial effect of an election by the Participant to receive an optional form of benefit in lieu of
the normal form of benefit. 

  

 25 

 6.3.2 The notice under Section 6.3.1 shall be provided to the Participant at each of the following
times as shall be applicable to him: 
  

	 	(a)	not more than 90 (effective January 1, 2008, 180) days and not less than 30 days after a Participant who is in the employ of the Company or an Affiliate gives notice of the
Participant’s intention to terminate employment and commence receipt of the Participant’s retirement benefits under the Plan; or 

  

	 	(b)	not more than 90 (effective January 1, 2008, 180) days and not less than 30 days prior to the attainment of age 65 of a Participant (whether or not the Participant has
terminated employment) who has not previously commenced receiving retirement benefits. 

 The election period in
Section 6.3.3 for a Participant who requests additional information during the election period will be extended until 90 days after the additional information is mailed or personally delivered. Any such request shall be made only within 90 days
after the date the information described in Section 6.3.1 is given to the Participant, and the Administrator shall not be obligated to comply with more than one such request. Any information provided pursuant to this Section 6.3.2 will be
given to the Participant within 30 days after the date of the Participant’s request and will be based upon the estimated benefits to which the Participant will be entitled as of the later of the first day on which such benefits could commence
or the last day of the Plan Year in which the Participant’s request is received. If a Participant files an election (or revokes an election) pursuant to this Section 6.3 less than 60 days prior to the Annuity Starting Date, such
Participant’s initial payments may be delayed for administrative reasons. In such event, the payments shall begin as soon as practicable and shall be made retroactively to such date. Notwithstanding the above to the contrary, effective
January 1, 2004, in the event a Participant elects a Retroactive Annuity Starting Date as provided in Section 6.6, the notice under 6.3.1 shall be provided to the Participant on or about the date that the Participant files an election for
a Retroactive Annuity Starting Date. 
 6.3.3 A Participant may make the election provided in Section 6.3 by filing the prescribed form
with the Administrator at any time during the election period. The election period shall begin 90 (effective January 1, 2008, 180) days prior to the Participant’s Annuity Starting Date. Such election shall be subject to the written consent
of the Participant’s spouse, acknowledging the effect of the election and witnessed by a Plan representative or a notary public. Such spousal consent shall not be required if the Participant establishes to the satisfaction of the Administrator
that the consent of the spouse may not be obtained because there is no spouse or the spouse cannot be located. A spouse’s consent shall be irrevocable. The election in Section 6.3 may be revoked or changed at any time during the election
period but shall be irrevocable thereafter. 
 6.3.4 Notwithstanding Section 6.3.3: 
  

	 	(a)	distribution of benefits may commence less than 30 days after the notice required pursuant to Section 6.3.1 is provided if: 

  

	 	(i)	the Participant elects to waive the requirement that notice be given at least 30 days prior to the Annuity Starting Date; and 

  

 26 

	 	(ii)	the distribution commences more than 7 days after such notice is provided. 

  

	 	(b)	The notice described in Section 6.3.1 may be provided after the Annuity Starting Date, in which case the applicable election period shall not end before the 30th day after the
date on which such notice is provided, unless the Participant elects to waive the 30-day notice requirements pursuant to Subsection (a) above. 

 6.3.5 Notwithstanding the foregoing provisions in Section 6.3, effective January 1, 2004, a Participant may elect a Retroactive Annuity Starting Date (as defined in Treas. Reg. 1.417(e)-1(b)(3)(iv)(B)),
pursuant to Section 6.6. In the event that the notice information described in Section 6.3 is provided to the Participant after the Participant’s Annuity Starting Date (as defined in Section 417(f)(2) of the Code) or Retroactive
Annuity Starting Date, the Participant shall have at least 30 days after the date the notification is provided to make the election described in Section 6.3. The Participant may waive this 30 day period pursuant to the provisions of
Section 6.3.4. 
 6.4 Joint Annuitants 
 A Participant who elects a joint and survivor’s annuity shall designate a Joint Annuitant when making such an election. A Participant may designate any individual as the Joint Annuitant; provided, however, that
the Joint Annuitant shall be the Participant’s spouse unless the Participant’s spouse consents to the designation of another individual in accordance with the requirements for spousal consent under Section 6.3.3. A designation of a
Joint Annuitant may be revoked or changed at any time during the applicable election period described in Section 6.3.3 but shall become irrevocable thereafter. If the Joint Annuitant dies on or after the Annuity Starting Date the Participant
shall continue to receive the reduced monthly annuity. 
 6.5 FMC Participants and FMCTI Participants in Pay Status 
 Notwithstanding any provision in the Plan to the contrary, each FMC Participant who had elected to receive and/or was receiving their normal retirement
benefit, early retirement benefit, deferred retirement benefit or termination benefit under the FMC Plan and under the FMCTI Plan prior to the Effective Date shall on and after the Effective Date continue to receive such benefits in the same form,
and in the same amount as such FMC Participant and/or, as applicable, FMC Joint Annuitant, was receiving or would have received under the FMC Plan and the FMCTI Plan prior to the Effective Date as if such benefits were paid by the FMC Plan. In
addition, each FMC Beneficiary who was receiving benefits under the FMC Plan and the FMCTI Plan on behalf of an FMC Participant prior to the Effective Date shall continue to receive such benefits from this Plan after the Effective Date in the same
form and in the same amount as if such benefits were paid by the FMC Plan. 
 Notwithstanding any provision in the Plan to the contrary, each
FMCTI Participant who had elected to receive and/or was receiving their normal retirement benefit, early retirement benefit, deferred retirement benefit or termination benefit under the FMCTI Plan prior to the Effective Date shall on and after the
Effective Date continue to receive such benefits in the same form, and in the same amount as such FMCTI Participant and/or, as applicable, FMCTI Joint Annuitant, was receiving or would have received under the FMCTI Plan prior to the Effective Date
as if such benefits were paid by the FMCTI Plan. In addition, each FMCTI 

  

 27 

 
Beneficiary who was receiving benefits under the FMCTI Plan on behalf of an FMCTI Participant prior to the Effective Date shall continue to receive such
benefits from this Plan after the Effective Date in the same form and in the same amount as if such benefits were paid by the FMCTI Plan. 
 6.6.
Election of Retroactive Annuity Starting Date 
 Effective January 1, 2004, a Participant may elect a “Retroactive
Annuity Starting Date” (as defined in Treas. Reg. 1.417(e)-1(b)(3)(iv)(B)), that occurs on or before the date the notice information described in Section 6.3 is provided to the Participant, provided the following conditions are satisfied:

  

	 	(a)	The Participant’s spouse (including an alternate payee who is treated as the spouse under a qualified domestic relations order), determined as if the date distributions
commence were the Participant’s Annuity Starting Date (as defined in Section 417(f)(2) of the Code), consents to the Participant’s election of a Retroactive Annuity Starting Date. The spousal consent requirement of this
Section 6.6(a) is satisfied if such consent satisfies the conditions of Section 6.3.3 above. 

  

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

  

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

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

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

  

 28 

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

  

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

 ARTICLE VII 
 Survivor’s Benefits 
 7.1 Preretirement Survivor’s Benefit 
 7.1.1 Eligibility: If a Participant who continues to be employed by the Company at any time on or after attaining age 55 and 10 Years of Credited
Service dies (whether or not so employed on the date of death) before the Annuity Starting Date, then such Participant’s surviving Joint Annuitant (if any) shall be entitled to receive a survivor’s benefit for life, determined under
Section 7.2. Payment of such benefit shall commence as of the first day of the month coincident with or next following the date of the Participant’s death. 
 7.1.2 Amount of Preretirement Survivor’s Benefit: The preretirement survivor’s benefit under this Section 7.1 shall be computed as follows: 
  

	 	(a)	If the Participant’s Period of Service has not terminated before the Participant’s death, the survivor’s benefit shall be equal to the benefit which would have been
paid to the Participant’s Joint Annuitant if the Participant’s Period of Service had terminated on the date of death, benefits in the form of a 50% Joint and Survivor’s Annuity commenced as of the first day of the next following
month, and the Participant died on such day. 

  

	 	(b)	If the Participant’s Period of Service has terminated before the Participant’s death but the Participant has deferred the commencement of the Early Retirement Benefit, the
survivor’s benefit shall be equal to the benefit which the Participant’s Joint Annuitant would have been paid if the Participant had elected a 50% Joint and Survivor’s benefit commencing as of the first day of the month next following
the date of the Participant’s death. 

  

	 	(c)	The survivor’s benefit payable pursuant to this Section 7.1.2 shall exclude any retirement benefit based upon Employee Contributions and Interest (which will be refunded
upon the Participant’s death, to the extent provided in Article V). 

 7.1.3 Designation of Joint Annuitant Other Than
Spouse: A participant may elect at any time during the Election Period (as defined in Section 7.1.5) to waive the 

  

 29 

 
Preretirement Survivor Annuity and to revoke any such election at any time during the Election Period. Any election by a Participant to waive the
Preretirement Survivor Annuity shall not take effect unless the Participant’s spouse consents in writing to such election, such consent acknowledges the effect of such an election and the consent is witnessed by a representative of the Plan or
a notary public, unless the Participant establishes to the satisfaction of the Committee that such consent may not be obtained because there is no spouse, the spouse cannot be located or because of such other circumstances as the Secretary of the
Treasury may by regulations prescribe. The consent by a spouse shall be irrevocable and shall be effective only with respect to that spouse. 
 7.1.4 Explanation of Preretirement Survivor’s Benefit: The Committee shall provide each Participant with a written explanation with respect to the Preretirement Survivor Annuity as soon as administratively feasible after the
Participant attains age 55. The explanation shall include: 
  

	 	(a)	the terms and conditions of the Preretirement Survivor Annuity, 

  

	 	(b)	the Participant’s right to make, and the effect of, an election to waive the Preretirement Survivor Annuity, 

  

	 	(c)	the rights of the Participant’s spouse in connection therewith, and 

  

	 	(d)	the right to make, and the effect of, the revocation of an election to waive the Preretirement Survivor Annuity. 

 7.1.5 Election Period: For purposes of this Section 7.1.5, the term “Election Period” means the period that begins on the
Participant’s 55th birthday and ends on the date of the Participant’s death. 
 7.2 Surviving Spouse’s Benefit 
 If a Participant who has 5 or more Years of Vesting Service but does not meet the requirements for the preretirement survivor’s benefit under
Section 7.1 dies before the Annuity Starting Date, then such Participant’s surviving spouse (if any) shall be entitled to receive a survivor’s benefit for life. The amount of such survivor’s benefit shall be determined pursuant
to Section 4.2 based upon the Participant’s age and Years of Credited Service on the date of the Participant’s death and paid in the form of a 50% Joint and Survivor’s Annuity as if the Participant had died on the date such
benefits commenced. The survivor’s benefit payable pursuant to this Section 7.2 shall exclude any retirement benefit based upon Employee Contributions and Interest (which will be refunded upon the Participant’s death to the extent
provided in Article V). Payment of the survivor’s benefit shall commence on the first day of the month coincident with or next following the later of the Participant’s 55th birthday or his death, unless the Participant’s spouse elects
to commence payment of benefits as of the first day of any subsequent month, but not later than the Participant’s Normal Retirement Date. 
 7.3
Certain Former Employees 
 FMC Participants who have 10 Years of Vesting Service but who have not been credited with an Hour of
Service on or after August 23, 1984 and are not receiving benefits on that date shall be entitled to elect survivor’s benefits only as follows: 
  

	 	(a)	 If the FMC Participant was credited with an Hour of Service under the FMC Plan or a predecessor plan on or after September 2, 1974, but is not 

  

 30 

	 	 
otherwise credited with an Hour of Service in a Plan Year beginning on or after January 1, 1976, under the FMC Plan, the FMCTI Plan or this Plan, the
Participant shall be afforded an opportunity to elect payment of benefits in the form of a 50% Joint and Survivor’s Annuity. 

  

	 	(b)	If the Participant is credited with an Hour of Service under this Plan, the FMCTI Plan, the FMC Plan or a predecessor plan in a Plan Year beginning after December 31, 1975, the
Participant shall be afforded the opportunity to elect a Surviving Spouse’s Benefit under Section 7.2. 

 ARTICLE
VIII 
 Fiduciaries 
 8.1
Named Fiduciaries 
 8.1.1 The Company is the Plan sponsor and a “named fiduciary” with respect to control over and
management of the Plan’s assets only to the extent that it (a) shall appoint the members of the Committee which administers the Plan at the Administrator’s direction; (b) shall delegate its authorities and duties as “plan
administrator,” as defined under ERISA, to the Committee; and (c) shall continually monitor the performance of the Committee. 
 8.1.2 The Company, as Administrator, and the Committee, which administers the Plan at the Administrator’s direction, are “named fiduciaries” of the Plan, as that term is defined in ERISA Section 402(a)(2), with authority
to control and manage the operation and administration of the Plan. The Administrator is also the “administrator” and “plan administrator” of the Plan, as those terms are defined in ERISA Section 3(16)(A) and Code
Section 414(g), respectively. 
 8.1.3 The Trustee is a “named fiduciary” of the Plan, as that term is defined in ERISA
Section 402(a)(2), with authority to manage and control all Trust assets, except to the extent that authority is delegated to an Investment Manager or to the extent the Administrator or the Committee directs the allocation of Trust assets among
general investment categories. 
 8.1.4 The Company, the Administrator, and the Trustee are the only named fiduciaries of the Plan.

 8.2 Employment of Advisers 
 A
named fiduciary, and any fiduciary appointed by a named fiduciary, may employ one or more persons to render advice regarding any of the named fiduciary’s or fiduciary’s responsibilities under the Plan. 
 8.3 Multiple Fiduciary Capacities 
 Any named
fiduciary and any other fiduciary may serve in more than one fiduciary capacity with respect to the Plan. 
 8.4 Payment of Expenses

 All Plan expenses, including expenses of the Administrator, the Committee, the Trustee, any Investment Manager and any insurance company,
will be paid by the Trust Fund, unless a Participating Employer elects to pay some or all of those expenses. 
  

 31 

 8.5 Indemnification 
 To the extent not prohibited by state or federal law, each Participating Employer agrees to, and will indemnify and save harmless the Administrator, any past, present, additional or replacement member of the
Committee, and any other employee, officer or director of that Participating Employer, from all claims for liability, loss, damage (including payment of expenses to defend against any such claim) fees, fines, taxes, interest, penalties and expenses
which result from any exercise or failure to exercise any responsibilities with respect to the Plan, other than willful misconduct or willful failure to act. 
 ARTICLE IX 
 Plan Administration 
 9.1 Powers, Duties and Responsibilities of the Administrator and the Committee 
 9.1.1 The Administrator and the Committee have full discretion and power to construe the Plan and to determine all questions of fact or interpretation
that may arise under it. Interpretation of the Plan or determination of questions of fact regarding the Plan by the Administrator or the Committee will be conclusively binding on all persons interested in the Plan. 
 9.1.2 The Administrator and the Committee have the power to promulgate such rules and procedures, to maintain or cause to be maintained such records, and
to issue such forms as they deem necessary or proper to administer the Plan. 
 9.1.3 Subject to the terms of the Plan, the Administrator
and/or the Committee will determine the time and manner in which all elections authorized by the Plan must be made or revoked. 
 9.1.4 The
Administrator and the Committee have all the rights, powers, duties and obligations granted or imposed upon them elsewhere in the Plan. 
 9.1.5 The Administrator and the Committee have the power to do all other acts in the judgment of the Administrator or Committee necessary or desirable for the proper and advantageous administration of the Plan. 
 9.1.6 The Administrator and the Committee will exercise all responsibilities in a uniform and nondiscriminatory manner. 
 9.2 Delegation of Administration Responsibilities 
 The Administrator and the Committee may designate by written instrument one or more actuaries, accountants or consultants as fiduciaries to carry out, where appropriate, their administrative responsibilities, including their fiduciary
duties. The Committee may from time to time allocate or delegate to any subcommittee, member of the Committee and others, not necessarily employees of the Company, any of its duties relative to compliance with ERISA, administration of the Plan and
other related matters, including those involving the exercise of discretion. The Company’s duties and responsibilities under the Plan shall be carried out by its directors, officers and employees, acting on behalf of and in the name of the
Company in their capacities as directors, officers and employees, and not as individual fiduciaries. No director, officer nor employee of the Company shall be a fiduciary with respect to the Plan unless he or she is specifically so designated and
expressly accepts such designation. 
  

 32 

 9.3 Committee Members 
 The Committee shall consist of not less than three people, who need not be directors, and shall be appointed by the Board of Directors of the Company. Any Committee member may resign and the Board of Directors may
remove any Committee member, with or without cause, at any time. A majority of the members of the Committee shall constitute a quorum for the transaction of business and the act of a majority of the Committee members at a meeting at which a quorum
is present shall be the act of the Committee. The Committee can act by written consent signed by all of its members. Any members of the Committee who are Employees shall not receive compensation for their services for the Committee. No Committee
member shall be entitled to act on or decide any matter relating solely to his or her status as a Participant. 
 ARTICLE X 

Funding of the Plan 
 10.1 Appointment
of Trustee 
 The Committee or its authorized delegatee will appoint the Trustee and either may remove it. The Trustee accepts its
appointment by executing the Trust Agreement. A Trustee will be subject to direction by the Committee or its authorized delegatee or, to the extent specified by the Company, by an Investment Manager, and will have the degree of discretion to manage
and control Plan assets specified in the Trust Agreement. Neither the Company nor any other Plan fiduciary will be liable for any act or omission to act of a Trustee, as to duties delegated to the Trustee. 
 10.2 Actuarial Cost Method 
 The Committee or
its authorized delegatee shall determine the actuarial cost method to be used in determining costs and liabilities under the Plan pursuant to Section 301 et seq., of ERISA, and Section 412 of the Code. The Committee or its authorized
delegatee shall review such actuarial cost method from time to time, and if it determines from review that such method is no longer appropriate, then it shall petition the Secretary of the Treasury for approval of a change of actuarial cost method.

 10.3 Cost of the Plan 
 Annually
the Committee or its authorized delegatee shall determine the normal cost of the Plan for the Plan Year and the amount (if any) of the unfunded past service cost on the basis of the actuarial cost method established for the Plan using actuarial
assumptions which, in the aggregate, are reasonable. The Committee or its authorized delegatee shall also determine the contributions required to be made for each Plan Year by the Participating Employers in order to satisfy the minimum funding
standard (or alternative minimum funding standard) for such Plan Year determined pursuant to Sections 302 through 305 of ERISA and Section 412 of the Code. 
  

 33 

	10.4	Funding Policy 

 The Participating Employers
shall cause contributions to be made to the Plan for each Plan Year in the amount necessary to satisfy the minimum funding standard (or alternative minimum funding standard) for such Plan Year; provided, however, that this obligation shall cease
when the Plan is terminated. In the case of a partial termination of the Plan, this obligation shall cease with respect to those Participants, Joint Annuitants and Beneficiaries who are affected by such partial termination. Each contribution is
conditioned upon its deductibility under Section 404 of the Code and shall be returned to the Participating Employers within one year after the disallowance of the deduction (to the extent disallowed). Upon the Company’s written request, a
contribution that was made by a mistake of fact shall be returned to the Participating Employer within one year after the payment of the contribution. 
 10.5 Cash Needs of the Plan 
 The Committee or its authorized delegatee from time to time shall estimate the benefits
and administrative expenses to be paid out of the Plan during the period for which the estimate is made and shall also estimate the contributions to be made to the Plan during such period by the Participating Employers. The Committee or its
authorized delegatee shall inform the Trustees of the estimated cash needs of and contributions to the Plan during the period for which such estimates are made. Such estimates shall be made on an annual, quarterly, monthly or other basis, as the
Committee shall determine. 
 10.6 Public Accountant 
 The Committee or its authorized delegatee shall engage an independent qualified public accountant to conduct such examinations and to render such opinions as may be required by Section 103(a)(3) of ERISA. The
Committee or its authorized delegatee in its discretion may remove and discharge the person so engaged, but in such case it shall engage a successor independent qualified public accountant to perform such examinations and to render such opinions.

 10.7 Enrolled Actuary 
 The
Committee or its authorized delegatee shall engage an enrolled actuary to prepare the actuarial statement described in Section 103(d) of ERISA and to render the opinion described in Section 103(a)(4) of ERISA. The Committee or its
authorized delegatee in its discretion may remove and discharge the person so engaged, but in such event it shall engage a successor enrolled actuary to perform such examination and render such opinion. 
 10.8 Basis of Payments to the Plan 
 All
contributions to the Plan shall be made by the Participating Employers, and no contributions shall be required of or permitted by Participants. From time to time the Participating Employers shall make such contributions to the Plan as the Company
determines to be necessary or desirable in order to fund the benefits provided by the Plan, and any expenses thereof which are paid out of the Trust Fund and in order to carry out the obligations of the Participating Employers set forth in
Section 10.3. All contributions to the Plan shall be held by the Trustee in accordance with the Trust Agreement. 
 10.9 Basis of Payments from
the Plan 
 All benefits payable under the Plan shall be paid by the Trustee out of the Trust Fund pursuant to the directions of the
Administrator or the Committee and the terms of the Trust Agreement. The Trustee shall pay all proper expenses of the Plan and the Trust Fund out of the Trust Fund, except to the extent paid by the Participating Employers. 
  

 34 

 ARTICLE XI 
 Plan Amendment or Termination 
 11.1 Plan Amendment or Termination 
 The Company may amend, modify or terminate the Plan at any time by resolution of the Board or by resolution of or other action recorded in the minutes of
the Administrator or the Committee. Execution and delivery by the Chairman of the Board, the President, any Vice President of the Company or the Committee of an amendment to the Plan is conclusive evidence of the amendment, modification or
termination. 
 11.2 Limitations on Plan Amendment  
 No Plan amendment can: 
  

	 	(a)	authorize any part of the Trust Fund to be used for, or diverted to, purposes other than the exclusive benefit of Participants or their Joint Annuitants and Beneficiaries;

  

	 	(b)	decrease the accrued benefits of any Participant or his or her Joint Annuitant or Beneficiary under the Plan; or 

  

	 	(c)	except to the extent permitted by law, eliminate or reduce an early retirement benefit or retirement-type subsidy (as defined in Code Section 411) or an optional form of
benefit with respect to service prior to the date the amendment is adopted or effective, whichever is later. 

 11.3 Effect of Plan
Termination 
 Upon termination of the Plan, each Participant’s rights to benefits accrued hereunder shall be vested and
nonforfeitable, and the Trust shall continue until the Trust Fund has been distributed as provided in Section 11.4. Any other provision hereof notwithstanding, the Participating Employers shall have no obligation to continue making
contributions to the Plan after termination of the Plan. Except as otherwise provided in ERISA, neither the Participating Employers nor any other person shall have any liability or obligation to provide benefits hereunder after such termination in
excess of the value of the Trust Fund. Upon such termination, Participants, Joint Annuitants, and Beneficiaries shall obtain benefits solely from the Trust Fund. Upon partial termination of the Plan, this Section 11.3 shall apply only with
respect to such Participants, Joint Annuitants and Beneficiaries as are affected by such partial termination. 
 11.4 Allocation of Trust Fund on
Termination 
 On termination of the Plan, the Trust Fund shall be allocated by the Administrator on an actuarial basis among
Participants, Joint Annuitants and Beneficiaries in the manner prescribed by Section 4044 of ERISA. Any residual assets of the Trust Fund remaining after such allocation shall be distributed to the Company if (a) all liabilities of the
Plan to Participants, Joint Annuitants and Beneficiaries have been satisfied and (b) such a distribution does not contravene any provision of law. The foregoing notwithstanding, if any remaining assets of the 

  

 35 

 
Plan are attributable to Employee Contributions, such assets shall be equitably distributed to the FMC Participants who made such contributions (or to their
Beneficiaries) in accordance with their rate of contribution. The benefit of any highly compensated employee or former employee (determined in accordance with section 414(g) of the Code and regulations thereunder) shall be limited to a benefit that
is nondiscriminatory under section 401(a)(4) of the Code. In the event of a partial termination of the Plan, the Administrator shall arrange for the division of the Trust Fund, on a nondiscriminatory basis to the extent required by section 401 of
the Code, into the portion attributable to those Participants, Joint Annuitants and Beneficiaries who are not affected by such partial termination and the portion attributable to such persons who are so affected. The portion of the Trust Fund
attributable to persons who are so affected shall be allocated in the manner prescribed by section 4044 of ERISA. 
 ARTICLE XII

 Miscellaneous Provisions 
 12.1 Subsequent Changes 
 All benefits to which any Participant, Joint Annuitant, or Beneficiary may be entitled
hereunder shall be determined under the Plan in effect when the Participant ceases to be an Eligible Employee (or under the FMC Plan, as of the date each FMC Participant who is not an Employee ceased being an eligible employee under the FMC Plan or
the FMCTI Plan) (or under the FMCTI Plan, as of the date each FMCTI Participant who is not an Employee under the FMCTI Plan) ceased being an eligible employee under the and shall not be affected by any subsequent change in the provisions of the
Plan, unless the Participant again becomes an Eligible Employee. 
 12.2 Plan Mergers 
 The Plan shall not be merged or consolidated with any other plan, and no assets or liabilities of the Plan shall be transferred to any other plan, unless
each Participant would receive a benefit immediately after such merger, consolidation or transfer (if the Plan then terminated) which is equal to or greater than the benefit such Participant would have been entitled to receive immediately before
such merger, consolidation or transfer (if the Plan had then been terminated). A list of plans which were merged into the FMC Plan since May 27, 1994, whose assets were transferred to the FMCTI Plan in connection with the FTI Spinoff and whose
assets were transferred to this Plan in connection with the JBT Spinoff is attached hereto and made a part hereof as Exhibit C. 
 12.3 No Assignment
of Property Rights 
 The interest or property rights of any person in the Plan, in the Trust Fund or in any payment to be made under
the Plan shall not be assignable nor be subject to alienation or option, either by voluntary or involuntary assignment or by operation of law, including (without limitation) bankruptcy, garnishment, attachment or other creditor’s process, and
any act in violation of this Section 12.3 shall be void. This provision shall not apply to a “qualified domestic relations order” defined in Code Section 414(p). The Company shall establish a written procedure to determine the
qualified status of domestic relations orders and to administer distributions under such qualified orders. 
 In addition, the prohibition of
this Section 12.3 will not apply to any offset of a Participant’s benefit under the Plan against an amount the Participant is ordered or required to 

  

 36 

 
pay to the Plan under a judgment, order, decree or settlement agreement that meets the requirements as set forth in this Section 12.3. The Participant
must be ordered or required to pay the Plan under a judgment of conviction for a crime involving the Plan, under a civil judgment (including a consent order or decree) entered by a court in an action brought in connection with a violation (or
alleged violation) of part 4 of subtitle B of title I of ERISA, or pursuant to a settlement agreement between the Secretary of Labor and the Participant in connection with a violation (or alleged violation) of that part 4. This judgment, order,
decree or settlement agreement must expressly provide for the offset of all or part of the amount that must be paid to the Plan against the Participant’s benefit under the Plan. In addition, if a Participant is entitled to receive a 50% Joint
and Survivor Annuity under Section 6.1 of the Plan or a Survivor’s Benefit under Article VII of the Plan, and the Participant is married at the time at which the offset is to be made, the Participant’s spouse must consent to the
offset in accordance with the spousal consent requirements of Section 6.3.3 of the Plan, an election to waive the right of the spouse to the 50% Joint and Survivor Annuity (made in accordance with Section 6.3 of the Plan) or to the
Survivor’s Benefit (made in accordance with Article VII of the Plan) must be in effect, the spouse is ordered or required in the judgment, order, decree, or settlement to pay an amount to the Plan in connection with a violation of Part 4 of
subtitle B or ERISA Title I, or the spouse retains in the judgment, order, decree, or settlement the right to receive the survivor annuity under the 50% Joint and Survivor Annuity or under the Survivor’s Benefit, determined in the following
manner: the Participant terminated employment on the date of the offset, there was no offset, the Plan permitted the commencement of benefits only on or after Normal Retirement Age, the Plan provided only the minimum-required qualified joint and
survivor annuity, and the amount of the Survivor’s Benefit under the Plan is equal to the amount of the survivor annuity payable under the minimum-required qualified joint and survivor annuity. For purposes of this Section 12.3 the term
“minimum-required qualified joint and survivor annuity” means a qualified joint and survivor annuity which is the actuarial equivalent of the Participant’s accrued benefit and under which the survivor’s annuity is 50% of the
amount of the annuity which is payable during the joint lives of the Participant and the Participant’s spouse. 
 12.4 Beneficiary

 The Beneficiary of a Participant shall be the person or persons so designated by such Participant. If no Beneficiary has been designated or
if the designated Beneficiary is not living when a Plan Benefit is to be distributed, the Beneficiary shall be such Participant’s spouse if then living or, if not, such Participant’s then living children in equal shares or, if there are no
children, such Participant’s estate. A Participant may revoke and change a designation of a Beneficiary at any time. A designation of a Beneficiary, or any revocation and change thereof, shall be effective only if it is made in writing in a
form acceptable to the Administrator and is received by it prior to the Participant’s death. 
 12.5 Benefits Payable to Minors, Incompetents and
Others 
 If any benefit is payable to a minor, an incompetent, or a person otherwise under a legal disability, or to a person the
Administrator reasonably believes to be physically or mentally incapable of handling and disposing of his or her property, whether because of his or her advanced age, illness, or other physical or mental impairment, the Administrator has the power
to apply all or any part of the benefit directly to the care, comfort, maintenance, support, education, or use of the person, or to pay all or any part of the benefit to the person’s parent, guardian, committee, conservator, or other legal
representative, 

  

 37 

 
wherever appointed, to the individual with whom the person is living or to any other individual or entity having the care and control of the person. The
Plan, the Administrator and any other Plan fiduciary will have fully discharged all responsibilities to the Participant, Joint Annuitant or Beneficiary entitled to a payment by making payment under the preceding sentence. 
 12.6 Employment Rights 
 Nothing in the Plan
shall be deemed to give any person a right to remain in the employ of the Company and Affiliates or affect any right of the Company or any Affiliate to terminate a person’s employment with or without cause. 
 12.7 Proof of Age and Marriage 
 Participants
and Joint Annuitants shall furnish proof of age and marital status satisfactory to the Administrator at such time or times as it shall prescribe. The Administrator may delay the disbursement of any benefits under the Plan until all pertinent
information with respect to age or marital status has been furnished and then make payment retroactively. 
 12.8 Small Annuities 

If the sum of (a) the lump sum Actuarial Equivalent value of a Normal, Early, or Deferred Retirement Benefit under Article III, Termination
Benefit (payable at the Participant’s Normal Retirement Date) under Article IV, or Survivor’s Benefit under Article VII, excluding any Aetna or Prudential nonparticipating annuity; and (b) the lump sum Actuarial Equivalent value of
any Aetna or Prudential nonparticipating annuity is equal to $5,000 (effective January 1, 2005, $1,000) (or such other amount as may be prescribed in or under the Code) or less, such amounts shall be paid in a lump sum as soon as
administratively practicable following the Participant’s retirement, termination of employment or death. 
 For lump sum distributions
paid on or after January 1, 2003, if the Participant is thereafter reemployed by the Company, the Participant’s subsequent benefit will be reduced by the lump sum Actuarial Equivalent value of the lump sum distribution previously paid to
the Participant. For lump sum distributions paid prior to January 1, 2003, if a Participant who has received such a lump sum distribution is thereafter reemployed by the Company, the Participant shall have the option to repay to the Plan the
amount of such distribution, together with interest at the rate of 5% per annum (or such other rate as may be prescribed pursuant to section 411(c)(2)(C)(III) of the Code), compounded annually from the date of the distribution to the date of
repayment. If a reemployed Participant does not make such repayment, no part of the Period of Service with respect to which the lump sum distribution was made shall count as Years of Vesting Service or Years of Credited Service. 
 12.9 Controlling Law 
 The Plan and all rights
thereunder shall be interpreted and construed in accordance with ERISA and, to the extent that state law is not preempted by ERISA, the law of the State of Illinois. 
  

 38 

 12.10 Direct Rollover Option 
 Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee’s election under this Section 12.10, a distributee may elect, at the time and in the manner prescribed by
the Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. 
  

	 	(a)	 	As used in this Section 12.10, an “eligible rollover distribution” means any distribution of all or any portion of the balance to the credit of the distributee,
except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the distributee or the
joint lives (or joint life expectancies) of the distributee and the distributee’s designated beneficiary, or for a specified period of 10 years or more; any distribution to the extent such distribution is required under Section 401(a)(9)
of the Code; the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities); and any other distribution(s) that is reasonably
expected to total less than $200 during a year. 

 A portion of a distribution shall not fail to be an eligible rollover
distribution because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Section 408(a) or
(b) of the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such
distribution which is includible in gross income and the portion of such distribution which is not so includible. 
  

	 	(b)	 	As used in this Section 12.10, an “eligible retirement plan” means an individual retirement account described in Section 408(a) of the Code, an individual
retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, a qualified trust described in Section 401(a) of the Code, that accepts the distributee’s eligible rollover
distribution and an annuity contract described in Section 403(b) of the Code or an eligible retirement plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or an agency or instrumentality
of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan. The definition of “eligible retirement plan” shall also apply in the case of a distribution to a
surviving spouse, or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code. 

  

 39 

	 	(c)	As used in this Section 12.10, a “distributee” includes an Employee or former Employee. In addition, the Employee’s or former Employee’s surviving spouse
and the Employee’s or former Employee’s spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are distributees with regard to the interest of the
spouse or former spouse. 

  

	 	(d)	As used in this Section 12.10, a “direct rollover” is a payment by the Plan to the eligible retirement plan specified by the distributee. 

 12.11 Claims Procedure 
 12.11.1 Any
application for benefits under the Plan and all inquiries concerning the Plan shall be submitted to the Company at such address as may be announced to Participants from time to time. Applications for benefits shall be in the form and manner
prescribed by the Company and shall be signed by the Participant or, in the case of a benefit payable after the death of the Participant, by the Participant’s Surviving Spouse or Beneficiary, as the case may be. 
 12.11.2 The Plan Administrator shall give written or electronic notice of its decision on any application to the applicant within 90 days of receipt of
the application. Electronic notification may be used, at the discretion of the Plan Administrator (or Review Panel, as discussed below). If special circumstances require a longer period of time, the Plan Administrator shall provide notice to the
applicant within the initial 90-day period, explaining the special circumstances requiring the extension of time and the date by which the Plan expects to render a benefit determination. A decision will be given as soon as possible, but no later
than 180 days after receipt of the application. In the event any application for benefits is denied in whole or in part, the Plan Administrator shall notify the applicant in writing or electronic notification of the right to a review of the denial.
Such notice shall set forth, in a manner calculated to be understood by the applicant: the specific reasons for the denial; the specific references to the Plan provisions on which the denial is based; a description of any information or material
necessary to perfect the application and an explanation of why such material is necessary; and a description of the Plan’s review procedures and the applicable time limits to such procedures, including a statement of the applicant’s right
to bring a civil action under ERISA Section 502(a) following a denial on review. 
 12.11.3 The Company shall appoint a “Review
Panel,” which shall consist of three or more individuals who may (but need not) be employees of the Company. The Review Panel shall be the named fiduciary that has the authority to act with respect to any appeal from a denial of benefits under
the Plan, and shall hold meetings at least quarterly, as needed. The Review Panel shall have the authority to further delegate its responsibilities to two or more individuals who may (but need not) be employees of the Company. 
 12.11.4 Any person (or his authorized representative) whose application for benefits is denied in whole or in part may appeal the denial by submitting to
the Review Panel a request for a review of the application within 60 days after receiving notice of the denial. The Review Panel shall give the applicant or such representative the opportunity to submit written comments, documents, and other
information relating to the claim; and an 

  

 40 

 
opportunity to review, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other relevant information (other
than legally privileged documents) in preparing such request for review. The request for review shall be in writing and addressed as follows: “Review Panel of the Employee Welfare Benefits Plan Committee, 1803 Gears Road, Houston, TX
77067-4097.” The request for review shall set forth all of the grounds on which it is based, all facts in support of the request and any other matters that the applicant deems pertinent. The Review Panel may require the applicant to submit such
additional facts, documents, or other material as it may deem necessary or appropriate in making its review. The Review Panel will consider all comments, documents, and other information submitted by the applicant regardless of whether such
information was submitted or considered during the initial benefit determination. 
 12.11.5 The Review Panel shall act upon each request for
review within 60 days after receipt thereof. If special circumstances require a longer period of time, the Review Panel shall so notify the applicant within the initial 60 days, explaining the special circumstances requiring the extension of time
and the date by which the Review Panel expects to render a benefit determination. A decision will be given as soon as possible, but no later than 120 days after receipt of the request for review. The Review Panel shall give notice of its decision to
the Company and the applicant. In the event the Review Panel confirms the denial of the application for benefits in whole or in part, such notice shall set forth in a manner calculated to be understood by the applicant, the specific reasons for such
denial and specific references to the Plan provisions on which the decision is based. If such an extension of time for review is required because of special circumstances, the Plan Administrator shall provide the applicant with written notice of the
extension, describing the special circumstances and the date as of which the benefit determination will be made, prior to the commencement of the extension. In the event the Review Panel confirms the denial of the application for benefits in whole
or in part, such notice shall set forth in a manner calculated to be understood by the applicant: the specific reasons for such denial; the specific references to the Plan provisions on which the decision is based; the applicant’s right, upon
request and free of charge, to receive reasonable access to, and copies of, all documents and other relevant information (other than legally-privileged documents and information); and a statement of the applicant’s right to bring a civil action
under ERISA Section 502(a). 
 12.11.6 The Review Panel shall establish such rules and procedures, consistent with ERISA and the Plan,
as it may deem necessary or appropriate in carrying out its responsibilities under this Section 12.11. 
 12.11.7 To the extent an
application for benefits as a result of a Disability requires the Plan Administrator or the Review Panel, as applicable, to make a determination of Disability under the terms of the Plan, such determination shall be subject to all of the general
rules described in this Section 12.11, except as they are expressly modified by this Section 12.11.7. 
  

	 	(a)	 If the applicant’s claim is for benefits as a result of Disability, then the initial decision on a claim for benefits will be made within 45 days after the
Plan receives the applicant’s claim, unless special circumstances require additional time, in which case the Plan Administrator will notify the applicant before the end of the initial 45- 

  

 41 

	 	 
day period of an extension of up to 30 days. If necessary, the Plan Administrator may notify the applicant, prior to the end of the initial 30-day extension
period, of a second extension of up to 30 days. If an extension is due to the applicant’s failure to supply the necessary information, the notice of extension will describe the additional information and the applicant will have 45 days to
provide the additional information. Moreover, the period for making the determination will be delayed from the date the notification of extension was sent out until the applicant responds to the request for additional information. No additional
extensions may be made, except with the applicant’s voluntary consent. The contents of the notice shall be the same as described in Section 12.11.12 above. If a benefit claim as a result of Disability is denied in whole or in part, the
applicant (or his authorized representative) will receive written or electronic notification, as described in Section 12.11.2. 

  

	 	(b)	If an internal rule, guideline, protocol or similar criterion is relied upon in making the adverse determination, then the notice to the applicant of the adverse decision will
either set forth the internal rule, guideline, protocol or similar criterion, or will state that such was relied upon and will be provided free of charge to the applicant upon request (to the extent not legally-privileged) and if the
applicant’s claim was denied based on a medical necessity or experimental treatment of similar exclusion or limit, then the applicant will be provided a statement either explaining the decision or indicating that an explanation will be provided
to the applicant free of charge upon request. 

  

	 	(c)	The Review Panel, as described above in Section 12.11.3 shall be the named fiduciary with the authority to act on any appeal from a denial of benefits as a result of Disability
under the Plan. Any applicant (or his authorized representative) whose application for benefits as a result of Disability is denied in whole or in part may appeal the denial by submitting to the Review Panel a request for a review of the application
within 180 days after receiving notice of the denial. The request for review shall be in the form and manner prescribed by the Review Panel and addressed as follows: “Review Panel of the Employee Welfare Benefits Plan Committee, 1803 Gears
Road, Houston, TX 77067-4097.” In the event of such an appeal for review, the provisions of Section 12.11.4 regarding the applicant’s rights and responsibilities shall apply. Upon request, the Review Panel will identify any medical or
vocational expert whose advice was obtained on behalf of the Review Panel in connection with an adverse benefit determination, without regard to whether the advice was relied upon in making the benefit determination. The entity or individual
appointed by the Review Panel to review the claim will consider the appeal de novo, without any deference to the initial benefit denial. The review will not include any person who participated in the initial benefit denial or who is the subordinate
of a person who participated in the initial benefit denial. 

  

 42 

	 	(d)	If the initial benefit denial was based in whole or in part on a medical judgment, then the Review Panel will consult with a health care professional who has appropriate training
and experience in the field of medicine involved in the medical judgment, and who was neither consulted in connection with the initial benefit determination nor is the subordinate of any person who was consulted in connection with that
determination; and upon notifying the applicant of an adverse determination on review, include in the notice either an explanation of the clinical basis for the determination, applying the terms of the Plan to the applicant’s medical
circumstances, or a statement that such explanation will be provided free of charge upon request. 

  

	 	(e)	A decision on review shall be made promptly, but not later than 45 days after receipt of a request for review, unless special circumstances require an extension of time for
processing. If an extension is required, the applicant will be notified before the end of the initial 45-day period that an extension of time is required and the anticipated date that the review will be completed. A decision will be given as soon as
possible, but not later than 90 days after receipt of a request for review. The Review Panel shall give notice of its decision to the applicant; such notice shall comply with the requirements set forth in Section 12.11.5. In addition, if the
applicant’s claim was denied based on a medical necessity or experimental treatment or similar exclusion, the applicant will be provided a statement explaining the decision, or a statement providing that such explanation will be furnished to
the applicant free of charge upon request. The notice shall also contain the following statement: “You and your Plan may have other voluntary alternative dispute resolution options, such as mediation. One way to find out what may be available
is to contact your local U.S. Department of Labor Office and your State insurance regulatory agency.” 

 12.11.8 No legal
or equitable action for benefits under the Plan shall be brought unless and until the applicant (a) has submitted a written application for benefits in accordance with Section 12.11.1 (or 12.11.7(a), as applicable), (b) has been
notified by the Plan Administrator that the application is denied, (c) has filed a written request for a review of the application in accordance with Section 12.11.4 (or 12.11.7(c), as applicable); and (d) has been notified that the
Review Panel has affirmed the denial of the application; provided that legal action may be brought after the Review Panel has failed to take any action on the claim within the time prescribed in Section 12.11.5 (or 12.11.7(e), as applicable).
An applicant may not bring an action for benefits in accordance with this Section 12.11.8 later than 90 days after the Review Panel denies the applicant’s application for benefits. 
  

 43 

 12.12 Participation in the Plan by an Affiliate 
 12.12.1 With the consent of the Board, any Affiliate, by appropriate action of its board of directors, a general partner or the sole proprietor, as the
case may be, may adopt the Plan and determine the classes of its Employees that will be Eligible Employees. 
 12.12.2 A Participating
Employer will have no power with respect to the Plan except as specifically provided herein. 
 12.13 Action by Participating Employers

 Any action required to be taken by the Company pursuant to any Plan provisions will be evidenced in the manner set forth in
Section 11.1. Any action required to be taken by a Participating Employer will be evidenced by a resolution of the Participating Employer’s board of directors (or an authorized committee of that board). Participating Employer action may
also be evidenced by a written instrument executed by any person or persons authorized to take the action by the Participating Employer’s board of directors, any authorized committee of that board, or the stockholders. A copy of any written
instrument evidencing the action by the Company or Participating Employer must be delivered to the secretary or assistant secretary of the Company or Participating Employer. 
 ARTICLE XIII 
 Top Heavy Provisions 
 13.1 Top Heavy Definitions 
 For purposes of
this Article XIII and any amendments to it, the terms listed in this Section 13.1 have the meanings ascribed to them below. 
 Aggregate Account means the value of all accounts maintained on behalf of a Participant, whether attributable to Company or employee contributions, determined under applicable provisions of the defined contribution plan used
in determining Top Heavy Plan status. 
 Aggregation Group means the group of plans in a Mandatory Aggregation Group, if any,
that includes the Plan, unless including additional Related Plans in the group would prevent the Plan for being a Top Heavy Plan, in which case Aggregation Group means the group of plans in a Permissive Aggregation Group, if any, that includes the
Plan. 
 Compensation means compensation as defined in Code Section 415(c)(3) and Treasury regulations thereunder. For
purposes of determining who is a Key Employee, Compensation will be applied by taking into account amounts paid by Affiliates who are not Participating Employers, as well as amounts paid by Participating Employers, and without applying the
exclusions for amounts paid by a Participating Employer to cover an Employee’s nonqualified deferred compensation FICA tax obligations and for gross-up payments on such FICA tax payments. 
 Determination Date means, for a Plan Year, the last day of the preceding Plan Year. If the Plan is part of an Aggregation Group, the
Determination Date for each other plan will be, for any Plan Year, the Determination Date for that other plan that falls in the same calendar year as the Determination Date for the Plan. 
 Key Employee means an employee described in Code Section 416(i)(1), the regulations promulgated thereunder and other guidance of
general applicability issued thereunder. Generally, a Key Employee is an Employee or former Employee who, at any time during the Plan Year containing the Determination Date is: 
  

	 	(a)	an officer of the Company or an Affiliate with annual Compensation greater than $130,000 (as adjusted under Code Section 416(i)(1) for Plan Years beginning after
December 31, 2002); 

  

 44 

	 	(b)	a 5% owner of the Company or an Affiliate; or 

  

	 	(c)	a 1% owner of the Company or an Affiliate with annual Compensation from the Company and all Affiliates of more than $150,000. 

 Mandatory Aggregation Group means each plan (considering the Plan and Related Plans) that, during the Plan Year that contains the
Determination Date or any of the 4 preceding Plan Years: 
  

	 	(a)	had a participant who was a Key Employee; or 

  

	 	(b)	was required to be considered with a plan in which a Key Employee participated in order to enable the plan in which the Key Employee participated to meet the requirements of Code
Section 401(a)(4) or 410(b). 

 Non-Key Employee means an Employee or former Employee who is not a Key
Employee. 
 Permissive Aggregation Group means the group of plans consisting of the plans in a Mandatory Aggregation Group
with the Plan, plus any other Related Plan or Plans that, when considered as a part of the Aggregation Group, does not cause the Aggregation Group to fail to satisfy the requirements of Code Section 401(a)(4) or 410(b). 
 Present Value of Accrued Benefits means, in the case of a defined benefit plan, a Participant’s present value of accrued benefits
determined as follows: 
  

	 	(a)	as of the most recent “Actuarial Valuation Date,” which is the most recent valuation date within a 12-month period ending on the Determination Date.

  

	 	(b)	as if the Participant terminated service as of the actuarial valuation date; and 

  

	 	(c)	the Actuarial Valuation Date must be the same date used for computing the defined benefit plan minimum funding costs, regardless of whether a valuation is performed that Plan Year.

 Present Value means, in calculating a Participant’s present value of accrued benefits as of a
Determination Date, the sum of: 
  

	 	(a)	the present value of accrued benefits using the actuarial assumptions of Exhibit E-4; 

  

	 	(b)	 any Plan distributions made within the Plan Year that includes the Determination Date, provided however, in the case of a distribution made for a reason other than
separation from service, death or disability, this 

  

 45 

	 	 
provision shall also include distributions made within the 4 preceding Plan Years. In the case of distributions made after the valuation date and prior to
the Determination Date, such distributions are not included as distributions for top heavy purposes to the extent that such distributions are already included in the Participant’s present value of accrued benefits as of the valuation date.
Notwithstanding anything herein to the contrary, all distributions, including distributions under a terminated plan which if it had not been terminated would have been required to be included in an Aggregation Group, will be counted;

  

	 	(c)	 	any Employee Contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible Qualified Voluntary Employee Contributions shall not be considered to be
a part of the Participant’s present value of accrued benefits; 

  

	 	(d)	 	with respect to unrelated rollovers and plan-to-plan transfers (ones which are both initiated by the Participant and made from a plan maintained by one employer to a plan maintained
by another employer), if this Plan provides for rollovers or plan-to-plan transfers, it shall always consider such rollover or plan-to-plan transfer as a distribution for the purposes of this Section 13.1. If this Plan is the plan accepting
such rollovers or plan to-plan transfers, it shall not consider such rollovers or plan-to-plan transfers, as part of the Participant’s present value of accrued benefits; 

  

	 	(e)	 	with respect to related rollovers and plan-to-plan transfers (ones either not initiated by the Participant or made to a plan maintained by the same employer), if this Plan provides
the rollover or plan-to-plan transfer, it shall not be counted as a distribution for purposes of this Section. If this Plan is the plan accepting such rollover or plan-to-plan transfer, it shall consider such rollover or plan-to-plan transfer as
part of the Participant’s present value of accrued benefits, irrespective of the date on which such rollover or plan-to-plan transfer is accepted; and 

  

	 	(f)	 	if an individual has not performed services for a Participating Employer within the Plan Year that includes the Determination Date, any accrued benefit for such individual shall not
be taken into account. 

 Related Plan means any other defined contribution plan (a “Related Defined
Contribution Plan”) or defined benefit plan (a “Related Defined Benefit Plan”) (both as defined in Code Section 415(k), maintained by the Company or an Affiliate. 
 A Super Top Heavy Aggregation Group exists in any Plan Year for which, as of the Determination Date, the sum of the present value of
accrued benefits and the Aggregate Accounts of Key Employees under all plans in the Aggregation Group exceeds 90% of the sum of the present value of accrued benefits and the Aggregate Accounts of all employees under all plans in the Aggregation
Group. In determining the sum of the Present Value of Accrued Benefits and/or Aggregate Accounts for all employees, the present value of accrued benefits and/or Aggregate Accounts for any Non-key Employee who was a Key Employee for any Plan Year
preceding the Plan Year that contains the Determination Date will be excluded. 
  

 46 

 Super Top Heavy Plan means the Plan when it is described in the second sentence of
Section 13.2. 
 A Top Heavy Aggregation Group exists in any Plan Year for which, as of the Determination Date, the sum of
the Present Value of Accrued Benefits for Key Employees under all plans in the Aggregation Group exceeds 60% of the sum of the Present Value of Accrued Benefits for all employees under all plans in the Aggregation Group. In determining the sum of
the Present Value of Accrued Benefits for all employees, the Present Value of Accrued Benefits for any Non-key Employee who was a Key Employee for any Plan Year preceding the Plan Year that contains the Determination Date will be excluded.

 Top Heavy Plan means the Plan when it is described in the first sentence of Section 13.2. 
 13.2 Determination of Top Heavy Status 
 This
Plan is a Top Heavy Plan in any Plan Year in which it is a member of a Top Heavy Aggregation Group, including a Top Heavy Aggregation Group that includes only the Plan. The Plan is a Super Top Heavy Plan in any Plan Year in which it is a member of a
Super Top Heavy Aggregation Group, including a Super Top Heavy Aggregation Group that includes only the Plan. 
 13.3 Minimum Benefit Requirement for
Top Heavy Plan 
 13.3.1 Minimum Accrued Benefit: The minimum accrued benefit (expressed as an Individual Life Annuity
commencing at Normal Retirement Date) derived from Company contributions to be provided under this Section for each Non-key Employee who is a Participant for any Plan Year in which this Plan is a Top Heavy Plan shall equal the product of
(a) 1/12th of “416 Compensation” averaged over 5 the consecutive Plan Years (or actual number of Plan Years if less) which produce the highest average and (b) the lesser of (i) 2% multiplied by Years of Vesting Service or
(ii) 20%. 
 13.3.2 For purposes of providing the minimum benefit under Code Section 416, a Non-key Employee who is not a
Participant solely because (a) his compensation is below a stated amount or (b) he declined to make mandatory contributions to the Plan will be considered to be a Participant. 
 13.3.3 For purposes of this Section 13.3, Years of Vesting Service for any Plan Year during which the Plan was not a Top Heavy Plan shall be
disregarded. 
 13.3.4 For purposes of this Section 13.3, 416 Compensation for any Plan Year subsequent to the last Plan Year during
which the Plan is a Top Heavy Plan shall be disregarded. 
 13.3.5 For the purposes of this Section 13.3, “416 Compensation”
shall mean W-2 wages for the calendar year ending with or within the Plan Year, plus any elective deferral (as defined in Code section 402(g)), any amounts contributed to a plan described in Code Section 125 and any amounts contributed to a
plan described in Code Section 132. 416 Compensation shall be limited to $200,000 (as adjusted for cost-of-living in accordance with Section 401(a)(17)(B) of the Code in Top Heavy Plan Years). 
  

 47 

 13.3.6 If payment of the minimum accrued benefit commences at a date other than Normal Retirement Date,
or if the form of benefit is other than an Individual Life Annuity, the minimum accrued benefit shall be the actuarial equivalent of the minimum accrued benefit expressed as an Individual Life Annuity commencing at Normal Retirement Date pursuant to
Exhibits E-1, E-2, E-3 and E-4, except, effective February 1, 2006, with respect to the optional form of benefit conversion, the minimum accrued benefit shall be determined pursuant to the definition of Actuarial Equivalent. 
 13.3.7 To the extent required to be nonforfeitable under Section 13.4, the minimum accrued benefit under this Section 13.3 may not be forfeited
under Code Section 411(a)(3)(B) or Code Section 411(a)(3)(D). 
 13.3.8 In determining Years of Service, any service shall be
disregarded to the extent such service occurs during a Plan Year when the Plan benefits (within the meaning of Code Section 410(b)) no Key Employee or Former Key Employee. 
 13.4 Vesting Requirement for Top Heavy Plan 
 13.4.1 Notwithstanding any other provision of
this Plan, for any Top Heavy Plan Year, the vested portion of any Participant’s accrued benefit shall be determined on the basis of the Participant’s number of Years of Vesting Service according to the following schedule: 
  

			
	 Years of Service
	  	 Percentage Vested

	 1-2
	  	    0%
		
	 3
	  	100%

 If in any subsequent Plan Year, the Plan ceases to be a Top Heavy Plan, the Company may, in its
sole discretion, elect to continue to apply this vesting schedule in determining the vested portion of any Participant’s accrued benefit, or revert to the vesting schedule in effect before this Plan became a Top Heavy Plan. Any such reversion
shall be treated as a Plan amendment. 
 13.4.2 The computation of the nonforfeitable percentage of the Participant’s interest in the
Plan shall not be reduced as the result of any direct or indirect amendment to this Plan. In the event that this Plan is amended to change or modify any vesting schedule, a Participant with at least 3 Years of Service as of the expiration date of
the election period may elect to have the Participant’s nonforfeitable percentage computed under the Plan without regard to such amendment. If a Participant fails to make such election, then such Participant shall be subject to the new vesting
schedule. The Participant’s election period shall commence on the adoption date of the amendment and shall end 60 days after the latest of: 
  

	 	(a)	the adoption date of the amendment, 

  

	 	(b)	the effective date of the amendment, or 

  

	 	(c)	the date the Participant receives written notice of the amendment from the Company. 

  

 48 

 IN WITNESS WHEREOF, the undersigned and duly
authorized Committee member has executed this Plan this 6th day of June, 2008, to be effective as of June 30, 2008, except as otherwise
expressly provided herein. 
  

			
	 John Bean Technologies Corporation

		
	 By:
	 	 /s/ Jeffrey A. Carr

		 	Member, Employee Welfare Benefits Plan Committee

  

 49 

 EXHIBIT A 
 CREDITED SERVICE 
 Any service acquired as a participant under any of the plans listed herein shall not be
counted as Credited Service for purposes of this Plan. 
  

	 	1.	Frigoscandia Inc. Money Purchase Pension Plan 

  

	 	2.	Frigoscandia Inc. Retirement Plan: Pension Plan/401(k) Plan 

 To the
extent applicable to any FMC Participant, any service acquired as a participant under any of the plans listed below shall not be counted as Credited Service for purposes of this Plan. 
  

	 	1.	Stearns Electric Company Profit Sharing Plan 

  

	 	2.	Fritzke & Icke Employees Savings and Profit Sharing Plan 

  

	 	3.	Employees Profit Sharing Plan of Industrial Brush Company 

  

	 	4.	Wayne Manufacturing Company Profit Sharing Plan 

  

	 	5.	P.E. Van Pelt, Inc. Profit Sharing Plan 

  

	 	6.	Mojonnier Bros. Co. Salaried Employees Profit Sharing Plan 

  

	 	7.	Lithium Corporation of America Retirement Plan 

  

	 	8.	Elf Acquitaine, Inc. Pension Plan 

  

 50 

 EXHIBIT B 
 INACTIVE LOCATIONS 
 The following is a list of former locations of FMC which have been sold or closed. As a
result of the FTI Spinoff and the JBT Spinoff, the Plan retains the assets and liabilities with respect to certain Participants formerly employed by FMC at such locations: 
  

			
	 LOCATION
	 	 DATE SOLD/CLOSED

	 Invalco
	 	February 26, 1999
	 Houston Fluid Control
	 	January 1, 1984

  

 51 

 EXHIBIT C 
 MERGED PLANS 
 The following is a list of other plans which were merged into the FMC Plan on and after
May 27, 1994, the assets of which are retained by the FMCIT Plan as a result of the FTI Spinoff and the Plan as a result of the JBT Spinoff. 
  

					
	 PLAN NAME
	  	 EFFECTIVE
 DATE OF MERGER
	  	SUPPLEMENT
NUMBER
	 Pneumo Abex Corporation Retirement Income Plan
 (Jetway Equipment Division)
	  	May 27, 1994	  	1
	 Retirement Plan for Employees of Stein
	  	June 1, 1997	  	2
	 Moorco International, Inc. Retirement Income Plan
	  	July 1, 1997	  	3
	 Smith Meter, Inc. Salaried Retirement Plan
	  	July 1, 1997	  	4

  

 52 

 SUPPLEMENT 1 
 JETWAY SYSTEMS DIVISION 
 1-1 Eligible Employees 
 The terms of this Supplement apply only to individuals who are current or former salaried and nonunion hourly employees of the FMC Technologies, Inc.,
Jetway Systems Division (effective June 30, 2008, the JBT Corporation Jetway Systems Division) and who were participants in the Pneumo Abex Corporation Retirement Income Plan (“Prior Plan”) before May 27, 1994 (the “Merger
Date”) who had not received a full distribution of their benefit under such plan, or the FMC Plan, as of the Effective Date (“Participant”). On the Merger Date the benefits of such participants were spun off from the Prior Plan and
merged into the FMC Plan. 
 1-2 Calculation of Normal Retirement Benefit 
 A Participant’s monthly Normal Retirement Benefit shall be no less than the normal retirement benefit to which the Participant would have been
entitled under the Prior Plan if the Participant had terminated employment immediately prior to the Merger Date. 
 1-3 Early Retirement
Date 
 Early Retirement Date means the earlier of: (a) a Participant’s Early Retirement Date under the Plan
or (b) the date the Participant has a Severance from Service before Normal Retirement Date for a reason other than death (i) if the Participant is at least age 55 and has at least 10 Years of Vesting Service, (ii) if the Participant
was hired before age 35 and before January 1, 1989 and the sum of the Participant’s age and Years of Vesting Service is at least 75, or (iii) if the Participant was entitled to an early retirement benefit under the Prior Plan.

 1-4 Termination Benefit 
 If a
Participant has a Severance from Service before Early or Normal Retirement Date for a reason other than death and had accrued at least 10 Years of Vesting Service, the Participant may begin to receive the Participant’s Plan benefit, subject to
the Plan’s reduction for early retirement, as early as the date the Participant reaches age 55. 
 1-5 Years of Vesting Service

 A Participant is fully vested in the Participant’s benefit under the Prior Plan. A Participant’s Employment Commencement Date
will be the date the Participant was first employed by the Company or an Affiliate, or any earlier date from which the Participant was granted vesting service under the FMC Plan, the FMCTI Plan or the Prior Plan. In no event will a Participant be
credited with fewer Years of Vesting Service under the Plan than the Participant would have been credited with under the vesting rules of the Prior Plan. 
 1-6 Available Forms of Benefits 
 In addition to the optional forms of benefit described in the Plan, a
Participant may elect to receive his benefit under the Prior Plan in the following form of benefit: 
 Life and 10 Year Certain
Annuity: A Life and 10 Year Certain Annuity is an immediate annuity which is the Actuarial Equivalent of an Individual Life Annuity, but which provides a smaller monthly annuity for the Participant’s 

  

 53 

 
life than an Individual Life Annuity. After the Participant’s death, if the monthly annuity has been paid for a period shorter than 10 years, it will
continue in the same amount as during the Participant’s life, for the remainder of the 10 year term certain. The Participant’s Joint Annuitant will receive any payments due after the Participant’s death. 
 1-7 Special Provisions for Participants in the Retirement Plan for Salaried Employees of Abex Corporation 
 In addition to the special provisions of the preceding sections, a Participant who participated in the Retirement Plan for Employees of Abex Corporation
before January 1, 1989 will be subject to the following provision with respect to the Participant’s Prior Plan benefit accrued before May 27, 1994. 
 Special Rule of 75 Benefit: Participants who were hired before age 35 and before
January 1, 1989, and who accrue total years of age and Vesting Service at Early Retirement equal to at least 75 will be entitled to a monthly benefit at their Early Retirement Date reduced by  1/3 of 1% for each month payments are made before the Participant reaches age 65. 
  

 54 

 SUPPLEMENT 2 
 STEIN 
 2-1 Eligible Employees 
 The terms of this Supplement apply only to individuals who were participants in the Retirement Plan for Employees of Stein (the “Prior Plan”)
prior to June 1, 1997 (the “Merger Date”) and who had not received a full distribution of their benefit under such Prior Plan, the FMC Plan, or the FMCTI Plan as of the Effective Date (“Participant”). 
 2-2 Calculation of Normal Retirement Benefit 
 A Participant’s Normal Retirement Benefit shall be no less than the normal retirement benefit to which the Participant would have been entitled under the Prior Plan if the Participant had permanently terminated employment immediately
prior to the Merger Date. 
 2-3 Years of Vesting Service 
 A Participant is fully vested in the Participant’s benefit under the Prior Plan. A Participant’s Employment Commencement Date will be the date the Participant was first employed by the Company or an
Affiliate, or any earlier date from which the Participant was granted vesting service under the FMC Plan, the FMCTI Plan or the Prior Plan. In no event will a Participant be credited with fewer Years of Vesting Service under the Plan than the
Participant would have been credited with under the vesting rules of the Prior Plan. 
 2-4 Available Forms of Benefits 
 In addition to the optional forms of benefit described in the Plan, a Participant may elect to receive the Participant’s benefit under the Prior Plan
in the following form of benefit: 
 Life and 10 Year Certain Annuity: A Life and 10 Year Certain Annuity is an immediate
annuity which is the Actuarial Equivalent of an Individual Life Annuity, but which provides a smaller monthly annuity for the Participant’s life than an Individual Life Annuity. After the Participant’s death, if the monthly annuity has
been paid for a period shorter than 120 months, it will continue, in the same amount as during the Participant’s life, for the remainder of the 120-month term certain. The Participant’s Joint Annuitant will receive any payments due after
the Participant’s death. 
  

 55 

 SUPPLEMENT 3 
 MOORCO INTERNATIONAL INC. RETIREMENT INCOME PLAN 
 3-1 Eligible Employees 
 The terms of this Supplement apply only to individuals who were participants in the Moorco International Inc. Retirement Income Plan (the “Prior
Plan”) prior to July 1, 1997 (the “Merger Date”) and who had not yet received a full distribution of their benefit under such Prior Plan, the FMC Plan or the FMCTI Plan as of the Effective Date (“Participant”).

 3-2 Calculation of Normal Retirement Benefit 
 A Participant’s Normal Retirement Benefit shall be no less than the normal retirement benefit to which the Participant would have been entitled if the Participant had terminated employment immediately prior to
the Merger Date. 
 3-3 Early Retirement Date 
 Early Retirement Date means the earlier of: (a) Early Retirement Date under the Plan; or (b) the date the Participant has a Severance from Service before Normal Retirement Date for a reason
other than death, if the Participant is at least age 55 and has at least 10 Years of Vesting Service or if the Participant was entitled to an early retirement benefit under the Geosource Inc. Retirement Income Plan. 
 3-4 Years of Vesting Service 
 A Participant is
fully vested in the Participant’s benefits under the Prior Plan. A Participant’s Employment Commencement Date will be the date the Participant was first employed by the Company or an Affiliate, or any earlier date from which the
Participant was first granted vesting service under the FMC Plan, the FMCTI Plan or the Prior Plan. Each Participant will be credited with the number of full years of vesting service with which the Participant was credited under the Prior Plan plus
the greater of: (a) 6 months of Vesting Service; and (b) if the Participant accrued 1,000 hours of service under the Prior Plan during the period from January 1, 1997 through June 30, 1997, 1 Year of Vesting Service. In no event
will a Participant be credited with fewer Years of Vesting Service under the Plan than the Participant would have been credited with under the vesting rules of the Prior Plan. 
 3-5 Prior Plan Benefits 
 (a) Early Retirement Reductions for No Service after
June 30, 1997. A Participant who did not have an Hour of Service after June 30, 1997, will be subject to the following early retirement reductions upon commencement of the Participant’s Prior Plan benefit prior to Normal
Retirement Age, calculating actuarial equivalence by using the UP-1984 Mortality Table and an interest rate of 4.0%: 
 (i) A Participant who was employed with Moorco International Inc. until the attainment of age 55
and 10 years of Vesting Service will have his or her vested benefits reduced by 0.25% for each of the first 60 months, and by 0.5% for each subsequent month by which the Participant’s benefit commencement date precedes the Participant’s 65
th birthday. 
 (ii) A Participant who terminated their employment with Moorco International, Inc. prior to the attainment of age 55 and 10 years of Vesting Service will have his or her vested benefits reduced actuarially for
commencement prior to the Participant’s 65th birthday. 
  

 56 

 (iii) Available Forms of Benefits. In addition to the optional forms of benefit described in the
Plan, a Participant may elect to receive the Participant’s benefit under the Prior Plan in the following form of a Life and Term Certain Annuity as described below. A Life and Term Certain Annuity is an immediate annuity which is the Actuarial
Equivalent of an Individual Life Annuity, but which provides a smaller monthly annuity for the Participant’s life than an Individual Life Annuity. After the Participant’s death, if the monthly annuity has been paid for a period shorter
than the term chosen by the Participant, it will continue, in the same amount as during the Participant’s life, for the remainder of the term certain. The Participant’s Joint Annuitant will receive any payments due after the
Participant’s death. The Participant may choose a term certain of 60, 120, 180 or 240 months, so long as the term certain does not exceed the joint life expectancies of the Participant and the Joint Annuitant. For purposes of converting the
Prior Plan benefit from the normal form of payment into an optional form of payment, actuarial equivalence shall be calculated based upon the UP-1984 Mortality Table and an interest rate of 4.0%. 
 (b) Early Retirement Reductions for Service after June 30, 1997. A Participant who has an Hour of Service after June 30, 1997, will have
the option to receive the Prior Plan benefit in the form of a Life and Term Certain Annuity as described in (a)(iii) Available Forms of Benefits above. If so elected, the Prior Plan benefit shall be adjusted for early retirement in accordance
with the reductions described in (a) Early Retirement Reductions for No Service after June 30, 1997 above. The remainder of the Participant’s Plan benefit shall be available in any of the optional payment forms described under
the Plan and subject to any early retirement reductions as apply under Sections 3.2 and 4.2 of the Plan. 
 3-6 Non-Spouse Death Benefit

 If the Preretirement Survivor’s Benefit is not payable to the spouse of a deceased Participant, and if the Participant dies on or
after the Participant’s Early Retirement Date, the Participant’s Beneficiary will be entitled to a death benefit consisting of monthly payments made for a period of 60 months, beginning as of the first day of the month coincident with or
next following the month in which the Participant dies. The amount of the monthly payment will be equal to the monthly payment to which the Participant would have been entitled if the Participant had retired on the day before his death, and had
elected to receive only the Participant’s Prior Plan benefit in the form of an immediate Life and Term Certain Annuity with a term certain of 60 months. 
  

 57 

 SUPPLEMENT 4 
 SMITH METER, INC. SALARIED RETIREMENT PLAN 
 4-1 Eligible Employees 
 The terms of this Supplement apply only to individuals who were participants in the Smith Meter, Inc. Salaried Retirement Plan (“Prior Plan”)
prior to July 1, 1997 (the “Merger Date”) and who had not yet received a full distribution of their benefit under the FMC Plan, the FMCTI Plan or the Prior Plan as of the Effective Date (“Participant”). 
 4-2 Calculation of Normal Retirement Benefit 
 A Participant’s Normal Retirement Benefit shall be no less than the normal retirement benefit to which the Participant would have been entitled if the Participant had permanently terminated employment with FMC and all of its Affiliates
(as defined in the FMC Plan) on the Merger Date. 
 4-3 Early Retirement Date 
 Early Retirement Date means the earlier of: (a) the Participant’s Early Retirement Date under the Plan, or (b) the date the
Participant has a Severance from Service before Normal Retirement Date for a reason other than death (i) if the Participant is at least age 57 and has at least 10 Years of Vesting Service or (ii) if the Participant was entitled to an early
retirement benefit under the Geosource Inc. Smith Meter Systems Division Salaried Retirement Income Plan. 
 4-4 Normal Retirement Date 

 Normal Retirement Date means the earlier of: (a) the Participant’s Normal Retirement Date under the Plan, or
(b) the date the Participant has a Severance from Service with at least 10 Years of Vesting Service at or after age 62. 
 4-5 Years of
Vesting Service 
 A Participant is fully vested in the Participant’s benefits under the Prior Plan. A Participant’s
Employment Commencement Date will be the date the Participant was first employed by the Company or any Affiliate, or any earlier date from which he was granted vesting service under the FMC Plan, the FMCTI Plan or the Prior Plan. Each Participant
will be credited with the number of full years of vesting service with which the Participant was credited under the Prior Plan plus the greater of: (a) 6 months of Vesting Service, or (b) if the Participant accrued 1,000 hours of service
under the Prior Plan during the period from January 1, 1997 through June 30, 1997, 1 Year of Vesting Service. In no event will a Participant be credited with fewer Years of Vesting Service under the Plan than the Participant would have
been credited with under the vesting rules of the Prior Plan. 
 4-6 Prior Plan Benefits 
 (a) Early Retirement Reductions for No Service after June 30, 1997. A Participant who did not have an Hour of Service after June 30,
1997, will be subject to the following early retirement reductions upon commencement of the Participant’s Prior Plan benefit prior to Normal Retirement Age, calculating actuarial equivalence by using the UP-1984 Mortality Table and an interest
rate of 4.0%: 
 (i) Participant who was employed with Smith Meter, Inc. until the
attainment of age 57 and 10 years of Vesting Service will have his or her vested benefits reduced by 1/180 for each complete month between the date of the Participant’s benefit commencement and the Participant’s 62nd birthday. 
  

 58 

 (ii) A Participant who terminated their
employment with Smith Meter, Inc. prior to the attainment of age 57 and 10 years of Vesting Service will have his or her vested benefits reduced actuarially for commencement prior to the Participant’s 62nd birthday. 
 (iii) Available Forms of Benefits. In addition to
the optional forms of benefit described in the Plan, a Participant may elect to receive the Participant’s benefit under the Prior Plan in the following form of a Life and Term Certain Annuity as described below. A Life and Term Certain Annuity
is an immediate annuity which is the Actuarial Equivalent of an Individual Life Annuity, but which provides a smaller monthly annuity for the Participant’s life than an Individual Life Annuity. After the Participant’s death, if the monthly
annuity has been paid for a period shorter than the term chosen by the Participant, it will continue, in the same amount as during the Participant’s life, for the remainder of the term certain. The Participant’s Joint Annuitant will
receive any payments due after the Participant’s death. The Participant may choose a term certain of 60, 120, 180 or 240 months, so long as the term certain does not exceed the joint life expectancies of the Participant and the Joint Annuitant.
For purposes of converting the Prior Plan benefit from the normal form of payment into an optional form of payment, actuarial equivalence shall be calculated based upon the UP-1984 Mortality Table and an interest rate of 4.0%. 
 (b) Early Retirement Reductions for Service after June 30, 1997. A Participant who has an Hour of Service after June 30, 1997, will have
the option to receive the Prior Plan benefit in the form of a Life and Term Certain Annuity as described in (a)(iii) Available Forms of Benefits above. If so elected, the Prior Plan benefit shall be adjusted for early retirement in accordance
with the reductions described in (a) Early Retirement Reductions for No Service after June 30, 1997 above. The remainder of the Participant’s Plan benefit shall be available in any of the optional payment forms described under
the Plan and subject to any early retirement reductions as apply under Sections 3.2 and 4.2 of the Plan. 
 4-7 Payment to Active Participant
After Normal Retirement Date 
 A Participant who continues to be employed by the Company or a Participating Employer after reaching
Normal Retirement Date may begin receiving the Participant’s Prior Plan benefit at or after Normal Retirement Date. 
 4-8 Non-Spouse Death
Benefit 
 If the Preretirement Survivor’s Benefit is not payable to the spouse of a deceased Participant, and if the Participant
dies on or after the Participant’s Early Retirement Date, the Participant’s Beneficiary will be entitled to a death benefit consisting of monthly payments made for a period of 60 months, beginning as of the first day of the month
coincident with or next following the month in which the Participant dies. The amount of the monthly payment will be equal to the monthly payment to which the Participant would have been entitled if he had retired on the day before his death, and
had elected to receive only his Prior Plan benefit in the form of an immediate Life and Term Certain Annuity with a term certain of 60 months. 
  

 59 

 JBT CORPORATION 
 EMPLOYEES’ RETIREMENT PROGRAM 
 PART II 
 UNION HOURLY EMPLOYEES’ RETIREMENT PLAN 
 (Adopted Effective as of June 30, 2008) 

 TABLE OF CONTENTS 
  

					
	 	  	PAGE
	 INTRODUCTION
	  	1
			
	 ARTICLE I
	 	    DEFINITIONS	  	2
		
	 Actuarial Equivalent
	  	2
		
	 Administrator
	  	3
		
	 Affiliate
	  	3
		
	 Annuity Starting Date
	  	4
		
	 Beneficiary
	  	4
		
	 Board
	  	4
		
	 Benefits Agreement
	  	4
		
	 Code
	  	4
		
	 Collective Bargaining Agreement
	  	4
		
	 Committee
	  	4
		
	 Company
	  	4
		
	 Early Retirement Benefit
	  	4
		
	 Early Retirement Date
	  	4
		
	 Effective Date
	  	4
		
	 Eligible Employee
	  	5
		
	 Employee
	  	5
		
	 Employment Commencement Date
	  	5
		
	 ERISA
	  	5
		
	 50% Joint and Survivor’s Annuity
	  	5
		
	 FMC
	  	5
		
	 FMC Beneficiary
	  	5
		
	 FMC Joint Annuitant
	  	5
		
	 FMC Participant
	  	6
		
	 FMC Plan
	  	6
		
	 FMCTI Beneficiary
	  	6
		
	 FMCTI Joint Annuitant
	  	6
		
	 FMCTI Participant
	  	6
		
	 FMCTI
	  	6

  

 i. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	PAGE
	 FMCTI Plan
	  	6
		
	 FTI Spinoff
	  	6
		
	 Hour of Service
	  	6
		
	 Individual Life Annuity
	  	7
		
	 Investment Manager
	  	7
		
	 JBT Spinoff
	  	7
		
	 Leased Employee
	  	7
		
	 Normal Retirement Benefit
	  	7
		
	 Normal Retirement Date
	  	7
		
	 100% Joint and Survivor’s Annuity
	  	7
		
	 One-Year Period of Severance
	  	7
		
	 Participant
	  	7
		
	 Participating Employer
	  	7
		
	 Period of Service
	  	8
		
	 Period of Severance
	  	8
		
	 Plan
	  	8
		
	 Plan Year
	  	8
		
	 Reemployment Commencement Date
	  	8
		
	 Severance From Service Date
	  	8
		
	 Supplement
	  	9
		
	 Total and Permanent Disability
	  	9
		
	 Trust
	  	9
		
	 Trust Fund
	  	9
		
	 Year of Credited Service
	  	9
		
	 Year of Vesting Service
	  	10
			
	 ARTICLE II
	 	    PARTICIPATION	  	11
			
	 2.1
	 	Eligibility and Commencement of Participation	  	11
			
	 2.2
	 	Provision of Information	  	11
			
	 2.3
	 	Termination of Participation	  	11
			
	 2.4
	 	Special Rules Relating to Veterans’ Reemployment Rights	  	11

  

 ii. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	 	 	  	PAGE
	 ARTICLE III
	 	     NORMAL, EARLY AND DEFERRED RETIREMENT BENEFITS
	  	12
			
	 3.1
	 	 Normal Retirement Benefits
	  	12
			
	 3.2
	 	 Early Retirement Benefits
	  	12
			
	 3.3
	 	 Deferred Retirement Benefits
	  	13
			
	 3.4
	 	 Suspension of Benefits
	  	14
			
	 3.5
	 	 Benefit Limitations
	  	17
			
	 3.6
	 	 FMC Participants’ and FMCTI Participants’ Benefits
	  	19
			
	 ARTICLE IV
	 	     TERMINATION BENEFITS
	  	19
			
	 4.1
	 	 Termination of Service
	  	19
			
	 4.2
	 	 Amount of Termination Benefit
	  	20
			
	 ARTICLE V
	 	     DISABILITY RETIREMENT BENEFITS
	  	20
			
	 5.1
	 	 Disability Retirement
	  	20
			
	 5.2
	 	 Amount of Disability Retirement Benefit
	  	20
			
	 ARTICLE VI
	 	     PAYMENT OF RETIREMENT BENEFITS
	  	21
			
	 6.1
	 	 Normal Form of Benefit
	  	21
			
	 6.2
	 	 Optional Forms of Benefit
	  	21
			
	 6.3
	 	 Election of Benefits
	  	21
			
	 6.4
	 	 FMC Participants and FMCTI Participants in Pay Status
	  	23
			
	 6.5
	 	 Election of Retroactive Annuity Starting Date
	  	24
			
	 ARTICLE VII
	 	     SURVIVOR’S BENEFITS
	  	25
			
	 7.1
	 	 Surviving Spouse’s Benefit
	  	25
			
	 7.2
	 	 Certain Former Employees
	  	25
			
	 ARTICLE VIII
	 	     FIDUCIARIES
	  	26
			
	 8.1
	 	 Named Fiduciaries
	  	26
			
	 8.2
	 	 Employment of Advisers
	  	26
			
	 8.3
	 	 Multiple Fiduciary Capacities
	  	26
			
	 8.4
	 	 Payment of Expenses
	  	26
			
	 8.5
	 	 Indemnification
	  	27
			
	 ARTICLE IX
	 	     PLAN ADMINISTRATION
	  	27

  

 iii. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	 	 	  	PAGE
	 9.1
	 	 Powers, Duties and Responsibilities of the Administrator and the Committee
	  	27
			
	 9.2
	 	 Delegation of Administration Responsibilities
	  	27
			
	 9.3
	 	 Committee Members
	  	28
			
	 ARTICLE X
	 	     FUNDING OF THE PLAN
	  	28
			
	 10.1
	 	 Appointment of Trustee
	  	28
			
	 10.2
	 	 Actuarial Cost Method
	  	28
			
	 10.3
	 	 Cost of the Plan
	  	28
			
	 10.4
	 	 Funding Policy
	  	29
			
	 10.5
	 	 Cash Needs of the Plan
	  	29
			
	 10.6
	 	 Public Accountant
	  	29
			
	 10.7
	 	 Enrolled Actuary
	  	29
			
	 10.8
	 	 Basis of Payments to the Plan
	  	30
			
	 10.9
	 	 Basis of Payments from the Plan
	  	30
			
	 ARTICLE XI
	 	     PLAN AMENDMENT OR TERMINATION
	  	30
			
	 11.1
	 	 Plan Amendment or Termination
	  	30
			
	 11.2
	 	 Limitations on Plan Amendment
	  	30
			
	 11.3
	 	 Effect of Plan Termination
	  	31
			
	 11.4
	 	 Allocation of Trust Fund on Termination
	  	31
			
	 ARTICLE XII
	 	     MISCELLANEOUS PROVISIONS
	  	31
			
	 12.1
	 	 Subsequent Changes
	  	31
			
	 12.2
	 	 Plan Mergers
	  	32
			
	 12.3
	 	 No Assignment of Property Rights
	  	32
			
	 12.4
	 	 Beneficiary
	  	33
			
	 12.5
	 	 Benefits Payable to Minors, Incompetents and Others
	  	33
			
	 12.6
	 	 Employment Rights
	  	33
			
	 12.7
	 	 Proof of Age and Marriage
	  	33
			
	 12.8
	 	 Small Annuities
	  	34
			
	 12.9
	 	 Controlling Law
	  	34
			
	 12.10
	 	 Direct Rollover Option
	  	34

  

 iv. 

 TABLE OF CONTENTS 
 (CONTINUED) 
  

					
	 	  	 	  	PAGE
	 12.11
	  	 Claims Procedure
	  	35
			
	 12.12
	  	 Participation in the Plan by an Affiliate
	  	39
			
	 12.13
	  	 Action by Participating Employers
	  	39
			
	 ARTICLE XIII
	  	     TOP HEAVY PROVISIONS
	  	40
			
	 13.1
	  	 Top Heavy Definitions
	  	40
			
	 13.2
	  	 Determination of Top Heavy Status
	  	43
			
	 13.3
	  	 Minimum Benefit Requirement for Top Heavy Plan
	  	43
			
	 13.4
	  	 Vesting Requirement for Top Heavy Plan
	  	44

					
			
	 SUPPLEMENTAL 1
	  	 JETWAY SYSTEMS DIVISION, OGDEN, UTAH
	  	46
			
	 SUPPLEMENTAL 2
	  	 PACKAGING MACHINERY DIVISION, GREEN BAY, WISCONSIN
	  	50
			
	 SUPPLEMENTAL 3
	  	 SMITH METER PLANT, ERIE, PENNSYLVANIA
	  	52
			
	 SUPPLEMENTAL 4
	  	 FOOD PROCESSING MACHINERY DIVISION, HOOPESTON, ILLINOIS
	  	58
			
	 SUPPLEMENTAL 5
	  	 AIRLINE EQUIPMENT DIVISION, SAN JOSE, CALIFORNIA
	  	61
			
	 SUPPLEMENTAL 6
	  	 FOOD PROCESSING MACHINERY DIVISION, SAN JOSE, CALIFORNIA
	  	63

  

 v. 

 JBT CORPORATION 
 EMPLOYEES’ RETIREMENT PROGRAM 
 PART II 
 UNION HOURLY EMPLOYEES’ RETIREMENT PLAN 
 INTRODUCTION 
 WHEREAS, the JBT Corporation Employees’ Retirement Program (“Program”) is hereby established
effective as of June 30, 2008, in connection with a spinoff of assets and liabilities from the FMC Technologies, Inc. Employees’ Retirement Program (the “FMCTI Plan”), which spinoff complies with the requirements of Code
Section 414(l); and 
 WHEREAS, the FMCTI Plan was established effective May 1, 2001, in connection with a spinoff of assets and
liabilities from the FMC Corporation Employees’ Retirement Program (“the FMC Plan”); and 
 WHEREAS, the Program consists of
two parts, Part I Salaried and Nonunion Hourly Employees’ Retirement Plan and Part II Union Hourly Employees’ Retirement Plan, which are contained in two separate plan documents; and 
 WHEREAS, supplements to Part I and Part II of the Program contain provisions which apply only to a specific group of Employees or Participants as
specified therein and override any contrary provision of the Program or either Part I or Part II; and 
 WHEREAS, this document is Part II
Union Hourly Employees’ Retirement Plan (“Plan”) and covers certain eligible union hourly employees as provided in Article II Participation; and 
 WHEREAS, the Plan shall not be construed to affect an FMC Participant’s accrued benefit under the FMC Plan or to alter in any way the rights of an FMC Participant, FMC Joint Annuitant, or FMC Beneficiary thereof
who has retired, died or with respect to whom there has been a severance from service date under the FMC Plan; and 
 WHEREAS, the Plan shall
not be construed to affect the FMCTI Participant’s accrued benefit under the FMCTI Plan or to alter in any way the rights of an FMCTI Participant, FMCTI Joint Annuitant, or FMCTI Beneficiary thereof who has retired, died, or with respect to
whom there has been a severance from service date under the FMCTI Plan; and 
 WHEREAS, the Plan is intended to be qualified under Code
Section 401(a), and its associated trust is intended to be tax exempt under Code Section 501(a). The Plan is intended also to meet the requirements of ERISA and shall be construed wherever possible to comply with the terms of the Code and
ERISA. The Plan is intended to provide a regular monthly retirement benefit for employees who meet the eligibility requirements. 
  

 1 

 NOW, THEREFORE, effective June 30, 2008, the Company hereby establishes the Plan to provide as
follows: 
 ARTICLE I 
 Definitions 
 For purposes of this Plan and any amendments to it, the following terms have the meanings ascribed to
them below. 
 Actuarial Equivalent means a benefit determined to be of equal
value to another benefit, on the basis of either (a) the UP-1984 Mortality Table and 8- 1/2% interest compounded annually or
(b) the mortality table and interest rate described in the applicable Supplement. 
 Notwithstanding the above to the contrary, for purposes of Section 12.8, Actuarial Equivalent value shall be determined as follows: (and effective February 1, 2006, for purposes of optional form of benefit
conversions (including optional form of benefit conversions described in Supplements 2, 3, 4, 5 and 6, but excluding optional form of benefit conversions described in Supplement 1), Actuarial Equivalent means a benefit determined to be of equal
value to another benefit on the basis of the greater of (1) either (a) the actuarial equivalent, computed using the UP-1984 Mortality Table and 8- 1/2% interest compounded annually, of the accrued benefit as of February 1, 2006 or (b) the actuarial equivalent, computed using the mortality table and interest rate described in the applicable Supplement, of
the accrued benefit as of February 1, 2006, or (2) the actuarial equivalent, computed using the RP-2000 Combined Healthy Participant Table (RP2000CH), weighted 80% male/20% female and 6% interest compounded annually, of the accrued benefit
as of the date of determination on or after February 1, 2006). 
  

	 	(i)	with respect to FMC Participants whose Annuity Starting Dates occurred prior to June 1, 1995, based on the actuarial assumptions described above; provided that the interest
rate shall not exceed the immediate rate used by the Pension Benefit Guaranty Corporation for lump sum distributions occurring on the first day of the Plan Year that contains the Annuity Starting Date; 

  

	 	(ii)	with respect to FMC Participants with Annuity Starting Dates occurring on or after June 1, 1995, and who had an Hour of Service prior to August 31, 1999, based on the 1983
Group Annuity Mortality Table (weighted 50% male and 50% female) (or the applicable mortality table prescribed under Section 417(e)(3) of the Code) and the lesser of the interest rate described above or the applicable interest rate prescribed
under Section 417(e)(3) of the Code for the November preceding the Plan Year that contains the Annuity Starting Date; 

  

 2 

	 	(iii)	for Annuity Starting Dates occurring on or after August 31, 1999, with respect to any Participant who did not have an Hour of Service prior to August 31, 1999, based on
the 1983 Group Annuity Mortality Table (weighted 50% male and 50% female) (or the applicable mortality table, prescribed under Section 417(e)(3) of the Code) and the applicable interest rate prescribed under Section 417(e)(3) of the Code
for the November preceding the Plan Year that contains the Annuity Starting Date; 

  

	 	(iv)	For Annuity Starting Dates occurring on or after December 31, 2002, using the applicable interest rate as described above, based on the 1994 Group Annuity Reserving Table
(weighted 50% male, 50% female and projected to 2002 using Scale AA), which is the applicable mortality table prescribed in Rev. Rul. 2001-62 (or the applicable mortality table, prescribed under Section 417(e)(3) of the Code or other guidance
of general applicability issued thereunder); and 

  

	 	(v)	Effective January 1, 2008, and solely for purposes of the determination of the present value of benefits pursuant to Code Section 417(e): (1) the applicable interest
rate shall mean the applicable interest rate described in Code Section 417(e)(3)(C), which is the adjusted first, second and third segment rates (defined in Code Section 417(e)(3)(D)) applied under rules similar to the rules of Code
Section 430(h)(2)(C) for the month of November preceding the first day of the Plan Year which includes the date of distribution, and (2) the applicable mortality table shall mean the applicable mortality table described in Code
Section 417(e)(3)(B), Revenue Ruling 2007-67 and subsequent guidance (including regulations) issued by the Internal Revenue Service. 

 Administrator means the Company. The Plan is administered by the Company through the Committee. The Administrator and the Committee have the responsibilities specified in Article IX. 
 Affiliate means any corporation, partnership, or other entity that is: 
  

	 	(a)	a member of a controlled group of corporations of which the Company is a member (as described in Code Section 414(b)); 

  

	 	(b)	a member of any trade or business under common control with the Company (as described in Code Section 414(c)); 

  

	 	(c)	a member of an affiliated service group that includes the Company (as described in Code Section 414(m)); 

  

	 	(d)	an entity required to be aggregated with the Company pursuant to regulations promulgated under Code Section 414(o); or 

  

 3 

	 	(e)	a leasing organization that provides Leased Employees to the Company or an Affiliate (as determined under paragraphs (a) through (d) above), unless (i) the Leased
Employees constitute less than 20% of the nonhighly compensated workforce of the Company and Affiliates (as determined under paragraphs (a) through (d) above; and (ii) the Leased Employees are covered by a plan described Code
Section 414(n)(5). 

 “Leasing organization” has the meaning ascribed to it in the definition of “Leased
Employee” below. 
 For purposes of Section 3.5, the 80% thresholds of Code Sections 414(b) and (c) are deemed to be
“more than 50%,” rather than “at least 80%.” 
 Annuity Starting Date means the first day of the first period for
which an amount is paid in an annuity or other form of benefit. In the case of a lump sum distribution, the Annuity Starting Date is the date payment is actually made. 
 Beneficiary means the person or persons determined pursuant to Section 12.4. 
 Board
means the board of directors of the Company. 
 Benefits Agreement means the Employee Benefits Agreement by and between FMC and the
Company. 
 Code means the Internal Revenue Code of 1986, as amended from time to time. Reference to a specific provision of the Code
includes that provision, any successor to it and any valid regulation promulgated under the provision or successor provision. 
 Collective Bargaining Agreement means the collective bargaining agreement referred to in the applicable Supplement. 
 Committee means the JBT Corporation Employee Welfare Benefits Plan Committee as described in Section 9.3, its authorized delegatee and any successor to the Committee. 
 Company means John Bean Technologies Corporation and any successor to it. Prior to June 1, 2008, Company meant FMC Technologies, Inc.

 Early Retirement Benefit means the benefits determined pursuant to Section 3.2. 
 Early Retirement Date means the later of the Participant’s 55th birthday and the date he or she acquires 10 Years of Credited Service.

 Effective Date means (i) June 30, 2008, or if later, an Employee’s Employment Commencement Date or Reemployment
Commencement Date, whichever is applicable, (ii) with respect to each FMC Participant, June 30, 2008 or, if later, the date 

  

 4 

 
such FMC Participant’s accrued benefit under the FMC Plan is deemed transferred to this Plan under the Benefits Agreement, or (iii) with respect to
each FMCTI Participant, June 30, 2008 or, if later, the date such FMCTI Participant’s accrued benefit under the FMCTI Plan is deemed transferred to this Plan. 
 Eligible Employee means an Employee of a Participating Employer, other than a Leased Employee, who is employed on an hourly basis and covered by the applicable Collective Bargaining Agreement which specifically
provides for Plan participation, or to whom coverage under the Plan is extended by the Company. 
 Employee means a common law
employee or Leased Employee of the Company or an Affiliate, subject to the following rules: 
  

	 	(a)	a person who is not a Leased Employee and who is engaged as an independent contractor is not an Employee; 

  

	 	(b)	only individuals who are paid as employees from the payroll of the Company or an Affiliate and treated as employees are Employees under the Plan; and 

  

	 	(c)	any person retroactively found to be a common law employee shall not be eligible to participate in the Plan for any period he was not an Employee under the Plan.

 Employment Commencement Date means the date on which the Employee first performs an Hour of Service. 
 ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time. Reference to a specific provision of ERISA includes
the provision, any successor provision and any valid regulation promulgated under the provision or successor provision. 
 50% Joint and
Survivor’s Annuity means an immediate annuity which is the Actuarial Equivalent of an Individual Life Annuity, but which provides a smaller monthly annuity for the Participant’s life than an Individual Life Annuity. After the
Participant’s death, 50% of such reduced annuity will be paid to the Participant’s surviving spouse for such spouse’s life. 
 FMC means FMC Corporation, a Delaware corporation. 
 FMC Beneficiary means an individual who was receiving benefits
under the FMC Plan as a result of the death of an FMC Participant and whose benefit was transferred to the FMCTI Plan pursuant to the FTI Spinoff. 
 FMC Joint Annuitant means an individual who was designated as a joint annuitant of an FMC Participant under the FMC Plan, the benefits of such FMC Participant which were transferred to the FMCTI Plan pursuant to the FTI Spinoff.

  

 5 

 FMC Participant means any participant in Part II Union Hourly Employee’s - Retirement Plan of
the FMC Plan who had their accrued benefit, years of credited service and years of vesting service under the FMC Plan transferred to the FMCTI Plan, pursuant to the FTI Spinoff. 
 FMC Plan means the FMC Corporation Employees’ Retirement Program. 
 FMCTI Beneficiary means an individual who was receiving benefits under the FMCTI Plan as a result of the death of an FMCTI Participant and whose
benefit was transferred to this Plan pursuant to the JBT Spinoff. 
 FMCTI Joint Annuitant means an individual who was designated as a
joint annuitant of an FMCTI Participant under the FMCTI Plan, the benefits of such FMCTI Participant which were transferred to this Plan pursuant to the JBT Spinoff. 
 FMCTI Participant means any participant (including an FMC Participant) in Part II Union Hourly Employee’s – Retirement Plan of the FMCTI Plan who had their accrued benefit, years of credited service
and years of vesting service under the FMCTI Plan transferred to this Plan, pursuant to the JBT Spinoff. 
 FMCTI means FMC
Technologies, Inc., a Delaware corporation. 
 FMCTI Plan means the FMC Technologies, Inc. Employees’ Retirement Program.

 FTI Spinoff means the transfer of assets and liabilities attributable to FMC Participants from the FMC Plan to the FMCTI Plan
pursuant to the Benefits Agreement. 
 Hour of Service means each hour (a) for which an Employee is directly or indirectly paid
or entitled to payment by the Company or an Affiliate for the performance of duties, (b) for each FMC Participant, each hour of service credited to such individual under the FMC Plan and FMCTI Plan as of the date prior to the Effective Date for
such FMC Participant, and (c) for each FMCTI Participant, each hour of service credited to such individual under the FMCTI Plan as of the date prior to the Effective Date for such FMCTI Participant. Hours of Service will be credited to the
Employee for the computation period in which the duties are performed. To the extent required by law, Hour of Service will include each hour for which an Employee is paid, or entitled to payment, by the Company or an Affiliate on account of a period
of time during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence. No more
than 501 Hours of Service will be credited for any single continuous period (whether or not such period occurs in a single computation period). Hours of Service for these purposes will be calculated and credited pursuant to section 2530.200b-2 of
the Department of Labor Regulations which is incorporated herein by this reference. Also to the extent required by law, Hours of Service will include each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to
by the Company or an Affiliate, provided, however, the same hours of service will not be credited. These hours will be credited to the Employee for the computation period or periods to which the award or agreement pertains rather than the
computation period in which the award, agreement or payment is made. 
  

 6 

 Individual Life Annuity means an immediate annuity which provides equal monthly payments for the
Participant’s life only. 
 Investment Manager means a person who is an “investment manager” as defined in section
3(38) of ERISA. 
 JBT Spinoff means the transfer of assets and liabilities attributable to FMCTI Participants from the FMCTI Plan to
this Plan. 
 Leased Employee means an individual who performs services for the Company or an Affiliate on a substantially full-time
basis for a period of at least 1 year, under the primary direction or control of the Company or an Affiliate, and under an agreement between the Company or Affiliate and a leasing organization. The leasing organization can be a third party or the
Leased Employee himself. 
 Normal Retirement Benefit means the benefits determined pursuant to Section 3.1. 
 Normal Retirement Date means the Participant’s 65th birthday, except as otherwise provided in the applicable Supplement. 
 100% Joint and Survivor’s Annuity means an immediate annuity which is the Actuarial Equivalent of an Individual Life Annuity, but which
provides a smaller monthly annuity for the Participant’s life than a 50% Joint and Survivor Annuity. After the Participant’s death, 100% of such reduced annuity will continue to be paid to the Participant’s surviving spouse for such
spouse’s life. 
 One-Year Period of Severance means a 12-consecutive-month period commencing on an Employee’s Severance
From Service Date in which the Employee is not credited with an Hour of Service. 
 Participant means an Eligible Employee who has
begun, but not ended, his or her participation in the Plan pursuant to the provisions of Article II and, unless specifically indicated otherwise, shall include each FMC Participant and each FMCTI Participant. If a Participant who is vested in the
Participant’s accrued benefit on his or her Severance from Service Date is subsequently reemployed after his or her Severance from Service Date, he or she will become a Participant immediately upon reemployment. If a Participant who is not
vested in the Participant’s accrued benefit on his or her Severance from Service Date is subsequently reemployed after his or her Severance from Service Date, he or she will become a Participant immediately upon reemployment, unless his or her
Period of Severance is greater than or equal to five One-Year Periods of Severance. 
 Participating Employer means the Company and
each other Affiliate that adopts the Plan with the consent of the Board, as provided in Section 12.12. 
  

 7 

 Period of Service means the period commencing on the Effective Date and ending on the Severance
From Service Date including, for each FMC Participant and each FMCTI Participant, periods of service credited under the FMC Plan or the FMCTI Plan, as applicable, as of the date immediately prior to the relevant Effective Date for such FMC
Participant or FMCTI Participant. All Periods of Service (whether or not consecutive) shall be aggregated. For a Participant who is not immediately eligible to participate in the Plan under the terms of Section 2.1 hereof, Period of Service
shall include service from and after the Participant’s date of hire by the Company or its Affiliates. Notwithstanding the foregoing, if an Employee incurs a One-Year Period of Severance at a time when he or she has no vested interest under the
Plan and the Employee does not perform an Hour of Service within 5 years after the beginning of the One-Year Period of Severance, the Period of Vesting Service prior to such One-Year Period of Severance shall not be aggregated. 
 Period of Severance means the period commencing on the Severance From Service Date and ending on the date on which the Employee again performs an
Hour of Service. 
 Plan means Part II Union Hourly Employees’ Retirement Plan of the JBT Corporation Employees’ Retirement
Program. 
 Plan Year means the period beginning June 30, 2008 and ending December 31, 2008 and thereafter the 12-month
period beginning on January 1 and ending the next December 31. 
 Reemployment Commencement Date means the first date
following a Period of Severance which is not required to be taken into account for purposes of an Employee’s Period of Vesting Service on which the Employee performs an Hour of Service. 
 Severance From Service Date means the earliest of: 
  

	 	(a)	the date on which an Employee voluntarily terminates, retires, is discharged or dies; the first anniversary of the first date of a period in which an Employee remains absent from
service (with or without pay) with the Company and Affiliates for any reason other than voluntary termination, retirement, discharge or death; or 

  

	 	(b)	the second anniversary of the date an Employee is absent pursuant to a maternity or paternity leave of absence; provided, however, that the period between the first and second
anniversaries of the first date of such absence shall be neither a Period of Service nor a One-Year Period of Severance. 

 Notwithstanding the foregoing, a Severance From Service Date shall not be considered to have occurred under the following circumstances: 
  

	 	(i)	during a leave of absence, vacation or holiday with pay; 

  

 8 

	 	(ii)	during a leave of absence without pay granted by reason of disability or under the Family and Medical Leave Act of 1993; 

  

	 	(iii)	during a period of qualified military service, provided the Employee makes application to return within 90 days after completion of active an Eligible Employee and after he has
become a Participant divided by 12. A partial month in such Period of Service counts as a whole month, and fractional Years of Credited Service shall service and returns to active employment as an Employee while reemployment rights are protected by
law. If the Employee does not so return, the Employee shall have a Severance From Service Date on the first anniversary of the date of entry into military service. 

 If the Employee violates the terms of a leave of absence, the Employee shall be deemed to have voluntarily terminated as of the date of such violation.
In the case of a leave in excess of 12 months, if the Employee fails to return to active employment immediately after such leave, the Employee shall be deemed to have voluntarily terminated as of the last day of the 12th month of the leave.

 A “maternity or paternity leave of absence” means an absence from work by reason of the Employee’s pregnancy, birth of the
Employee’s child, placement of a child with the Employee in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period immediately following such birth or placement. 
 Supplement means the provisions of the Plan which apply only to a specific group of Employees or Participants as detailed in such Supplement and
which override any contrary provision of the Plan. 
 Total and Permanent Disability has the meaning assigned thereto in the
applicable Supplement. 
 Trust means the trust established by the Trust Agreement. “Trust Agreement” means the trust
agreement or agreements, as amended from time to time, entered into by the Company and the Trustee pursuant to Section 8.1. “Trustee” means the trustee or trustees at any time appointed by the Company pursuant to Section 8.1.

 Trust Fund means the trust fund established and maintained by the Trustee to hold all assets of the Plan pursuant to the Trust
Agreement. 
 Year of Credited Service means (a) for an FMC Participant, his or her years of credited service under the FMC Plan
and FMCTI Plan prior to such FMC Participant’s Effective Date (b) for an FMCTI Participant, his or her years of credited service under the FMCTI Plan prior to such FMCTI Participant’s Effective Date, and (c) the total number of
calendar months during the Employee’s Period of Service while the Employee is be taken into account in determining a Participant’s benefits. Year of Credited Service shall also include such other periods as the Company recognizes as a Year
of Credited Service, pursuant to written and nondiscriminatory rules. 
  

 9 

 Notwithstanding the foregoing, Credited Service shall not include: (i) any leave of absence without
pay unless the Employee returns to active employment as an Employee immediately after such leave and abides by all the terms of the leave, (ii) any maternity or paternity leave of absence unless the Employee returns to active employment as an
Employee within 12 months after the first day of such leave, or (iii) any period of service with respect to which such Eligible Employee accrues a benefit under the FMC Plan on or after May 1, 2001, the FMCTI Plan on or after June 30,
2008, or any pension, profit sharing or other retirement plan listed on Exhibit A. 
 Year of Vesting Service means (a) for an
FMC Participant, his or her years of service and years of vesting service credited under the FMC Plan and FMCTI Plan prior to such FMC Participant’s Effective Date, (b) for an FMCTI Participant, his or her years of service and years of
vesting service credited under the FMCTI Plan prior to such FMCTI Participant’s Effective Date, and (c) the total number of calendar months during the Employee’s Period of Service divided by 12, determined in accordance with the
following rules: 
  

	 	(i)	a partial month in the Employee’s Period of Service counts as a whole month; 

  

	 	(ii)	if the Employee has a Severance From Service Date by reason of a voluntary termination, discharge or retirement and the Employee then performs 1 Hour of Service within 12 months of
the Severance From Service Date, such Period of Severance is included in the Period of Service. If the Employee has a Severance From Service Date by reason of a voluntary termination, discharge or retirement during an absence from service of 12
months or less for any reason other than a voluntary termination, discharge or retirement, and then performs 1 Hour of Service within 12 months of the date on which the Employee was first absent from service, such Period of Severance is included in
the Period of Service; 

  

	 	(iii)	period of Service also includes the following: 

  

	 	(1)	a period of employment with an employer substantially all of the equity interest or assets of which have been acquired by the Company or an Affiliate, but only to the extent that
the Company expressly recognizes such period as a Period of Service pursuant to written and nondiscriminatory rules; and 

  

	 	(2)	such other periods as the Company recognizes as a Period of Service pursuant to written and nondiscriminatory rules. 

  

 10 

 ARTICLE II 
 Participation 
  

	2.1	Eligibility and Commencement of Participation 

 Each FMC Participant and each FMCTI Participant shall automatically became a Participant in the Plan on such FMC Participant’s or FMCTI Participant’s Effective Date. Except as otherwise provided in the applicable Supplement, each
other Employee shall automatically become a Participant in the Plan as of the date he or she satisfies all of the following requirements: 
  

	 	(a)	the Employee is an Eligible Employee; and 

  

	 	(b)	the Employee either (i) is a regular, full-time employee, or (ii) has completed not less than 1,000 Hours of Service in a 12-month period beginning on the Employee’s
Employment Commencement Date or any anniversary thereof. 

  

	2.2	Provision of Information 

 Each Participant
must make available to the Administrator any information it reasonably requests. As a condition of participation in the Plan, an Employee agrees, on his or her own behalf and on behalf of all persons who may have or claim any right by reason of the
Employee’s participation in the Plan, to be bound by all provisions of the Plan. 
  

	2.3	Termination of Participation 

 A Participant
ceases to be a Participant when he or she dies or, if earlier, when his or her entire vested benefit accrued under the Plan has been paid to him or her. 
  

	2.4	Special Rules Relating to Veterans’ Reemployment Rights 

 Notwithstanding any provision of this Plan to the contrary, with respect to an Eligible Employee or Participant who is reemployed in accordance with the reemployment provisions of the Uniformed Services Employment and
Reemployment Rights Act following a period of qualifying military service (as determined under such Act), contributions, benefits and service credit will be provided in accordance with Section 414(u) of the Code. 
  

 11 

 ARTICLE III 
 Normal, Early and Deferred Retirement Benefits 
  

	3.1	Normal Retirement Benefits 

 3.1.1 Normal
Retirement: A Participant who retires on the Normal Retirement Date shall be entitled to receive a Normal Retirement Benefit determined under Section 3.1.2. Payment of such benefit shall commence as of the first day of the month coincident
with or next following the Participant’s Normal Retirement Date, unless the Participant elects to defer commencement subject to Section 3.3.2. 
 3.1.2 Amount of Normal Retirement Benefit: A Participant’s monthly Normal Retirement Benefit shall be equal to the amount determined in accordance with the applicable Supplement. 
 3.1.3 Reductions for Certain Benefits: A Participant’s Normal Retirement Benefit shall be reduced by the value of any vested benefit payable
to the Participant under the FMC Plan, the FMCTI Plan, or any pension, profit sharing or other retirement plan other than the Savings Plan (hereinafter called “Duplicate Benefit Plan”) which is attributable to any period which counts as
Credited Service under this Plan. For purposes of determining the amount of any Duplicate Benefit Plan reduction, the vested benefit under the Duplicate Benefit Plan shall be converted to a form which is identical to the form of benefit which is to
be paid under this Plan, including any applicable reductions for early commencement as determined under the Plan or the Duplicate Benefit Plan, as applicable. Such values will be determined as of the earlier of the Annuity Starting Date under the
Plan, or the date distribution of such vested benefit was made or commenced under the Duplicate Benefit Plan, as applicable. 
  

	3.2	Early Retirement Benefits 

 3.2.1 Early
Retirement: A Participant who retires on or after the Early Retirement Date shall be entitled to receive an Early Retirement Benefit determined under Section 3.2.2. Payment of such benefit shall commence as of the first of the month
coincident with or next following the Participant’s Early Retirement Date or, if the Participant elects, as of the first day of any subsequent month, but not later than the Normal Retirement Date. Any such election of a deferred commencement
date may be revoked at any time prior to such date and a new date may be elected by giving advance written notice to the Administrator in accordance with rules prescribed by the Administrator. 
 3.2.2 Amount of Early Retirement Benefit: Subject to Section 3.2.3, a Participant’s monthly Early Retirement Benefit shall be equal to
an amount determined pursuant to Section 3.1.2 as in effect on the date the Participant’s Years of Credited Service terminate, based on the Participant’s Years of Credited Service as of such date. 
 3.2.3 Early Retirement Reduction Factor: If a Participant’s Early Retirement Benefit commences prior to the Participant’s Normal
Retirement Date, the Participant’s Early Retirement Benefit computed pursuant to Section 3.2.2 shall be reduced in accordance with the applicable Supplement. 
  

 12 

	3.3	Deferred Retirement Benefits 

 3.3.1
Deferred Retirement: A Participant who retires after the Normal Retirement Date shall be entitled to receive a Normal Retirement Benefit determined under Section 3.1.2 commencing as of the first day of the month coinciding with or next
following the date the Participant actually retires. Each Participant shall accrue additional benefits hereunder after the Participant’s Normal Retirement Date with respect to the portion of the Normal Retirement Benefit which is attributable
to contributions by the Company. If a Participant who is not employed by the Company or its Affiliates on his or her Normal Retirement Date defers his or her Normal Retirement Benefit beyond his or her Normal Retirement Date, the Normal Retirement
Benefit will be paid retroactive to the Participant’s Normal Retirement Date as soon as reasonably practicable after the Plan Administrator learns of the deferred benefit. 
 3.3.2 Distribution Requirements: Except as hereinafter provided, unless the Participant elects otherwise in accordance with the terms of the Plan,
payment of a Participant’s retirement benefits will begin no later than 60 days after the close of the Plan Year in which the latest of the following events occurs: 
  

	 	(a)	the Participant’s 65th birthday; 

  

	 	(b)	the 10th anniversary of the year in which the Participant commenced participation in the Plan; and 

  

	 	(c)	the Participant terminates employment with the Company and all Affiliates. 

 If the amount of the payment required to commence on the date determined under this Section 3.3.2 cannot be ascertained by such date, or if it is not possible to make such payment on such date because the
Administrator cannot locate the Participant after making reasonable efforts to do so, a payment retroactive to such date may be made no later than 60 days after the earliest date on which the amount of such payment can be ascertained under this Plan
or the date the Participant is located. 
 Notwithstanding any other provision of this Plan: 
  

	 	(i)	the accrued benefit of a Participant who attains age 70-1/2 on or after January 1, 2000 must be distributed or commence to be distributed no later than the April 1
following the later of (1) the calendar year in which the Participant attains age 70-1/2 or (2) the calendar year in which the Participant retires (unless the Participant is a 5% owner, as defined in Code Section 416, of the Company
with respect to the Plan Year in which the Participant attains age 70-1/2, in which case this Subsection (2) shall not apply); and 

  

 13 

	 	 (ii)
	 the accrued benefit of a Participant who attains age 70- 1/2 prior to January 1, 2000 must be distributed or commence to be distributed no later than the April 1 following the calendar year in which the Participant
attains age 70- 1/2 unless the Participant is not a 5% owner (as defined in Subsection (i)) and elects to defer distribution to
the calendar year in which the Participant retires. 

 All Plan distributions will comply with Code Section 401(a)(9), including Department of Treasury Regulation Section 1.401(a)(9)-2. With respect to distributions made under the Plan for Plan Years beginning on or after
January 1, 2003, all Plan distributions will comply with Code Section 401(a)(9), including Department of Treasury Regulation Section 1.401(a)(9)-2 through 1.401(a)(9)-9, as promulgated under Final and Temporary Regulations published
in the Federal Register on April 17, 2002 (the ‘401(a)(9) Regulations’), with respect to minimum distributions under Code Section 401(a)(9). In addition, the benefit payments distributed to any Participant on or after
January 1, 2003, will satisfy the incidental death benefit provisions under Code Section 401(a)(9)(G) and Department of Treasury Regulation Section 1.401(a)(9)-5(d), as promulgated in the 401(a)(9) Regulations. To the extent required
by Code Section 401(a)(9)(C)(iii), or any other applicable guidance issued thereunder, with respect to a Participant who retires in a calendar year after the calendar year in which the Participant attains age 70  1/2, the actuarial increase in such Participant’s accrued benefit mandated by Code Section 401(a)(9)(C)(iii) shall be
implemented notwithstanding any suspension of benefits provision applicable to such Participant pursuant to ERISA 203(a)(3)(B), Code Section 411(a)(3)(B) and the terms of the Plan. 
  

	3.4	Suspension of Benefits 

 3.4.1 Prior to
Normal Retirement Date: If a Participant receives retirement benefits under the Plan following a termination of employment prior to the Participant’s Normal Retirement Date and again becomes an Employee prior to Normal Retirement Date, no
retirement benefits shall be paid during such later period of employment and up to Normal Retirement Date. Any benefits payable under the Plan to or on behalf of the Participant at the time of the Participant’s subsequent termination of
employment shall be reduced by the Actuarial Equivalent of any benefits paid to the Participant after the Participant’s earlier termination and prior to the Participant’s Normal Retirement Date. 
 3.4.2 After Normal Retirement Date: If (a) a Participant whose employment terminates again becomes an Employee after the Participant’s
Normal Retirement Date, or again becomes an Employee prior to the Participant’s Normal Retirement Date and continues in employment beyond the Participant’s Normal Retirement Date, or (b) a Participant continues in employment with the
Company and Affiliates after the Participant’s Normal Retirement Date without a prior termination, the following provisions of this Section 3.4.2 shall apply to the Participant as of the Participant’s Normal Retirement Date or, if
later, the Participant’s date of reemployment. 
  

	 	(i)	For purposes of this Section 3.4.2, the following definitions shall apply: 

  

 14 

	 	(1)	Postretirement Date Service means each calendar month after a Participant’s Normal Retirement Date and subsequent to the time that: 

  

	 	(A)	payment of retirement benefits commenced to the Participant if the Participant returned to employment with the Company and Affiliates, or 

  

	 	(B)	payment of retirement benefits would have commenced to the Participant if the Participant had not remained in employment with the Company and Affiliates, 

if in either case the Participant receives pay from the Company and Affiliates for any Hours of Service performed on each of 8 or more days (or
separate work shifts) in such calendar month. 
  

	 	(2)	Suspendable Amount means the monthly retirement benefits otherwise payable in a calendar month in which the Participant is engaged in Postretirement Date Service Payment
shall be permanently withheld on a portion of a Participant’s retirement benefits, not in excess of the Suspendable Amount, for each calendar month during which the Participant is employed in Postretirement Date Service.

  

	 	(ii)	If payments have been suspended pursuant to Subsection (ii) above, such payments shall resume no later than the first day of the third calendar month after the calendar month
in which the Participant ceases to be employed in Postretirement Date Service; provided, however, that no payments shall resume until the Participant has complied with the requirements set forth in Subsection (vi) below. The initial payment
upon resumption shall include the payment scheduled to occur in the calendar month when payments resume and any amounts withheld during the period between the cessation of Postretirement Date Service and the resumption of payment, less any amounts
that are subject to offset pursuant to Subsection (iv) below. 

  

	 	(iii)	Retirement benefits made subsequent to Postretirement Date Service shall be reduced by (1) the Actuarial Equivalent of any benefits paid to the Participant prior to the time
the Participant is reemployed after the Participant’s Normal Retirement Date; and (2) the amount of any payments previously made during those calendar months in which the Participant was engaged in Postretirement Date Service; provided,
however, that such reduction under Subsection (2) shall not exceed, in any one month, 25% percent of that month’s total retirement benefits (excluding amounts described in Subsection (ii) above) that would have been due but for the
offset. 

  

 15 

	 	(iv)	Any Participant whose retirement benefits are suspended pursuant to Subsection (ii) of this Section 3.4.2 shall be notified (by personal delivery or certified or
registered mail) during the first calendar month in which payments are withheld that the Participant’s retirement benefits are suspended. Such notification shall include: 

  

	 	(1)	a description of the specific reasons for the suspension of payments; 

  

	 	(2)	a general description of the Plan provisions relating to the suspension; 

  

	 	(3)	a copy of the provisions; 

  

	 	(4)	a statement to the effect that applicable Department of Labor Regulations may be found at Section 2530.203-3 of Title 29 of the Code of Federal Regulations;

  

	 	(5)	the procedure for appealing the suspension, which procedure shall be governed by Section 12.11; and 

  

	 	(6)	the procedure for filing a benefits resumption notification pursuant to Subsection (vi) below. 

 If payments subsequent to the suspension are to be reduced by an offset pursuant to Subsection (iv) above, the notification shall specifically
identify the periods of employment for which the amounts to be offset were paid, the Suspendable Amounts subject to offset, and the manner in which the Plan intends to offset such Suspendable Amounts. 
  

	 	(v)	Payments shall not resume as set forth in Subsection (iii) above until a Participant performing Postretirement Date Service notifies the Administrator in writing of the
cessation of such Service and supplies the Administrator with such proof of the cessation as the Administrator may reasonably require. 

  

	 	(vi)	A Participant may request, pursuant to the procedure contained in Section 12.11, a determination whether specific contemplated employment will constitute Postretirement Date
Service. 

  

 16 

	3.5	Benefit Limitations 

 3.5.1 Limitation on
Accrued Benefit: Notwithstanding any other provision of the Plan, the annual benefit payable under the Plan to a Participant, when expressed as a monthly benefit commencing at the Participant’s Social Security Retirement Age (as defined in
Code Section 415(b)(8)), shall not exceed the lesser of (a) $13,333.33 or (b) the highest average of the Participant’s monthly compensation for 3 consecutive calendar years, subject to the following: 
  

	 	(i)	The maximum shall apply to the Individual Life Annuity and to that portion of the Accrued Benefit (as adjusted as required under Code Section 415) payable in the form elected
by the Participant during his lifetime. 

  

	 	(ii)	If a Participant has fewer than 10 years of participation in the Plan, the maximum dollar limitation of Subsection (a) above shall be multiplied by a fraction of which the
numerator is the Participant’s actual years of participation in the Plan (computed to fractional parts of a year) and the denominator is 10. If a Participant has fewer than 10 Years of Vesting Service, the maximum compensation limitation in
Subsection (b) above shall be multiplied by a fraction of which the numerator is the Years of Vesting Service (computed to fractional parts of a year) and the denominator is 10. Provided, however, that in no event shall such dollar or
compensation limitation, as applicable, be less than 1/10th of such limitation determined without regard to any adjustment under this Subsection (ii). 

  

	 	(iii)	As of January 1 of each year, the dollar limitation as determined by the Commissioner of Internal Revenue for that calendar year to reflect increases in the cost of living,
shall become effective as the maximum dollar limitation in Subsection (a) above for the Plan Year ending within that calendar year for Participants terminating in or after such Plan Year. 

  

	 	(iv)	 If the benefit of a Participant begins prior to age 62, the defined benefit dollar limitation applicable to the Participant at such earlier age is an annual benefit
payable in the form of a Life Annuity beginning at the earlier age that is the Actuarial Equivalent of the dollar limitation under Subsection (a) above applicable to the participant at age 62. The defined benefit dollar limitation applicable at
an age prior to age 62 is determined by using the lesser of the effective Early Retirement reduction, as determined under the Plan, or 5% per year. The mortality basis for determining Actuarial Equivalence for terminations on or after
December 31, 2002, as applicable, shall be the 1994 Group Annuity Reserving Table (weighted 50% male, 50% female and projected to 2002 using Scale AA), which is the table prescribed in 

  

 17 

	 	 
Rev. Rul. 2001-62, (or the applicable mortality table, prescribed under Section 417(e)(3) of the Code or other guidance of general applicability issued
thereunder). 

 For periods prior to January 1, 2002, the dollar limitation under Code
Section 415 in effect for the applicable Plan year shall be modified as follows to reflect commencement of retirement benefits on a date other than the Participant’s Social Security Retirement Age: 
  

	 	(1)	if the Participant’s Social Security Retirement Age is 65, the dollar limitation for benefits commencing on or after age 62 is determined by reducing the dollar limitation
under Subsection (a) above by 5/9ths of 1% for each month by which benefits commence before the month in which the Participant attains age 65; 

  

	 	(2)	if the Participant’s Social Security Retirement Age is greater than 65, the dollar limitation for benefits commencing on or after age 62 is determined by reducing the dollar
limitation under Subsection (a) above by 5/9ths of 1% for each of the first 36 months and by 5/12ths of 1% for each of the additional months by which benefits commence before the month in which the Participant attains Social Security Retirement
Age; 

  

	 	(3)	if the Participant’s benefit commences prior to age 62, the dollar limitation shall be the actuarial equivalent of Subsection (a) above, payable at age 62, as determined
above, reduced for each month by which benefits commence before the month in which the Participant attains age 62. Actuarial equivalence shall be determined using the greater of the interest rate assumption under the Plan for determining early
retirement benefits or 5% per year. The mortality basis for determining Actuarial Equivalence for terminations prior to January 1, 1995 shall be the 1971 Group Annuity Mortality Table (weighted 95% male and 5% female). The mortality basis
for determining Actuarial Equivalence for any terminations on or after January 1, 1995 shall be the 1983 Group Annuity Mortality Table (weighted 50% male and 50% female); 

  

	 	(v)	Notwithstanding the foregoing, the maximum as applied to any FMC Participant on April 1, 1987 shall in no event be less than the FMC Participant’s “current accrued
benefit” under the FMC Plan as of March 31, 1987, as that term is defined in Section 1106 of the Tax Reform Act of 1986. 

  

 18 

	 	(vi)	The maximum shall apply to the benefits payable to a Participant under the Plan and all other tax-qualified defined benefit plans of the Company and Affiliates (whether or not
terminated), and benefits shall be reduced, if necessary, in the reverse of the chronological order of participation in such plans. 

 3.5.2 Multiple Plan Reduction: With respect to a FMC Participant who did not have 1 Hour of Service after December 31, 1999 and who is (or has been) a participant in any defined contribution plan (whether or not terminated)
maintained by FMC, FMCTI, the Company or an Affiliate, the sum of the FMC Participant’s defined benefit plan fraction (as defined under Code Section 415(e)(2)) and defined contribution plan fraction (as defined under Code
Section 415(e)(3)) shall not exceed 1. If such sum exceeds 1, the FMC Participant’s defined benefit plan fraction shall be reduced until such sum equal 1. 
 3.5.3 Incorporation of Section 415 of the Code: The provisions set forth in Article III are intended to comply with the requirements of Section 415 of the Code and shall be interpreted, applied and if
and to the extent necessary, deemed modified without formal language so as to satisfy solely the minimum requirements of Section 415. 
  

	3.6	FMC Participants’ and FMCTI Participants’ Benefits 

 The Normal Retirement Benefit, Early Retirement Benefit Termination Benefit, and Disability Retirement Benefit for each FMC Participant who is not an Employee and who does not complete an Hour of Service on or after
May 1, 2001 shall, notwithstanding the provisions of Sections 3.1, 3.2, 3.3, 4.2 or 5.2 hereof, equal the accrued benefit of such FMC Participant as transferred from the FMC Plan in the FTI Spinoff. 
 The Normal Retirement Benefit, Early Retirement Benefit Termination Benefit, and Disability Retirement Benefit for each FMCTI Participant who is not an
Employee and who does not complete an Hour of Service on or after June 30, 2008, shall, notwithstanding the provisions of Sections 3.1, 3.2, 3.3, 4.2 or 5.2 hereof, equal the accrued benefit of such FMCTI Participant as transferred from the
FMCTI Plan in the JBT Spinoff. 
 ARTICLE IV 
 Termination Benefits 
  

	4.1	Termination of Service 

 Except as provided
in the applicable Supplement, a Participant who has 5 Years of Vesting Service but who ceases to be an Employee before the Participant’s Early Retirement Date for any reason other than death shall be entitled to receive a “Termination
Benefit” determined under Section 4.2. Except as provided in the applicable Supplement, payment of such benefit shall commence as of the first day of the month coincident with or next following the Participant’s Normal Retirement
Date, unless the Participant elects to defer commencement subject to Section 3.3.2. Except as 

  

 19 

 
provided in the applicable Supplement, if the Participant satisfies the age requirement for an Early Retirement Benefit, the Participant may elect payment of
the Actuarial Equivalent of the Participant’s Termination Benefit to commence as of the first day of any month before such Normal Retirement Date and coincident with or following the Participant’s Early Retirement Date. Any such election
of the earlier Annuity Starting Date shall be made by giving advance written notice to the Administrator in accordance with rules prescribed by the Administrator. Except as provided in Article V and Article VII, no benefits shall be payable to any
person if the Participant dies prior to the Annuity Starting Date. A terminated Participant who has no vested interest in the Participant’s accrued benefit shall be deemed to have received a distribution of the Participant’s entire vested
benefit. The Committee or its delegatee may, in its discretion, vest a Participant in the Participant’s accrued benefit in the event the Participant’s employment with the Company is affected by a transaction undertaken by the Company.

  

	4.2	Amount of Termination Benefit 

 Except as
provided in the applicable Supplement or Section 3.6, a Participant’s monthly Termination Benefit shall be determined pursuant to Section 3.1.2 as in effect on the date his Years of Vesting Service terminate based on the
Participant’s Years of Vesting Service as of such date. Except as provided in the applicable Supplement, if payment of the Participant’s Termination Benefit commences before the Normal Retirement Date, the amount of the monthly benefit
shall be reduced to an Actuarial Equivalent to reflect such earlier commencement. 
 ARTICLE V 
 Disability Retirement Benefits 
  

	5.1	Disability Retirement 

 To the extent
provided in the applicable Supplement, a Participant who is an Employee and who satisfies the requirements for Disability Retirement in the applicable Supplement shall be entitled to receive a Disability Retirement Benefit determined under
Section 5.2. If a Participant’s Total and Permanent Disability ceases, the payment of the Participant’s Disability Retirement Benefit shall cease. 
  

	5.2	Amount of Disability Retirement Benefit 

 A
Participant’s Disability Retirement Benefit shall be determined pursuant to the applicable Supplement as in effect on the date the Participant’s Years of Credited Service terminate. 
  

 20 

 ARTICLE VI 
 Payment of Retirement Benefits 
  

	6.1	Normal Form of Benefit 

 Except as otherwise
provided in the applicable Supplement, a Participant’s benefit shall be paid in the form of a 100% Joint and Survivor’s Annuity, with the Participant’s spouse as joint annuitant if the Participant is married on the Annuity Starting
Date, and in the form of an Individual Life Annuity if the Participant is not married on the Annuity Starting Date, unless the Participant elects not to receive payments pursuant to this Section 6.1 and to receive payments in one of the
optional forms permitted under Section 6.2. An election not to receive the normal form of benefit and to receive payment in an optional form shall satisfy the applicable requirements of Section 6.3. 
  

	6.2	Optional Forms of Benefit 

 Except as
otherwise provided in the applicable Supplement, a married Participant may elect, with spousal consent and in accordance with Section 6.3, to receive the Participant’s benefits in the form of an Individual Life Annuity. Effective for Plan
Years beginning on or after January 1, 2009, and notwithstanding any provision set forth in the Plan or any Supplement to the Plan to the contrary, a Participant may elect a Qualified Optional Survivor Annuity, which is an immediate annuity for
the life of the Participant with a survivor annuity for the life of the Participant’s surviving spouse that equals either 50% or 75% (as elected by the Participant) of the amount of the annuity which is payable during the joint lives of the
Participant and the Participant’s spouse. 
  

	6.3	Election of Benefits 

 6.3.1 The
Administrator shall provide each Participant with a written notice containing the following information: 
  

	 	(a)	a general description of the normal form of benefit payable under the Plan; 

  

	 	(b)	the Participant’s right to make and the effect of an election to waive the normal form of benefit; 

  

	 	(c)	the right of the Participant’s spouse not to consent to the Participant’s election under Section 6.1; 

  

	 	(d)	the right of Participant to revoke such election, and the effect of such revocation; 

  

	 	(e)	the optional forms of benefits available under the Plan; and 

  

	 	(f)	the Participant’s right to request in writing information on the particular financial effect of an election by the Participant to receive an optional form of benefit in lieu of
the normal form of benefit. 

  

 21 

 6.3.2 The notice under Section 6.3.1 shall be provided to the Participant at each of the following
times as shall be applicable to him 
  

	 	(a)	not more than 90 (effective January 1, 2008, 180) days and not less than 30 days after a Participant who is in the employ of the Company or an Affiliate gives notice of the
Participant’s intention to terminate employment and commence receipt of the Participant’s retirement benefits under the Plan; or 

  

	 	(b)	not more than 90 (effective January 1, 2008, 180) days and not less than 30 days prior to the attainment of age 65 of a Participant (whether or not the Participant has
terminated employment) who has not previously commenced receiving retirement benefits. 

 The election period in
Section 6.3.3 for a Participant who requests additional information during the election period will be extended until 90 days after the additional information is mailed or personally delivered. Any such request shall be made only within 90 days
after the date the information described in Section 6.3.1 is given to the Participant, and the Administrator shall not be obligated to comply with more than one such request. Any information provided pursuant to this Section 6.3.2 will be
given to the Participant within 30 days after the date of the Participant’s request and will be based upon the estimated benefits to which the Participant will be entitled as of the later of the first day on which such benefits could commence
or the last day of the Plan Year in which the Participant’s request is received. If a Participant files an election (or revokes an election) pursuant to this Section 6.3 less than 60 day shall be made retroactively to such date.
Notwithstanding the above to the contrary, effective January 1, 2004, in the event a Participant elects a Retroactive Annuity Starting Date as provided in Section 6.5, the notice under 6.3.1 shall be provided to the Participant on or about
the date that the Participant files an election for a Retroactive Annuity Starting Date. 
 6.3.3 A Participant may make the election
provided in Section 6.1 by filing the prescribed form with the Administrator at any time during the election period. The election period shall begin 90 (effective January 1, 2008, 180) days prior to the Participant’s Annuity Starting
Date. Such election shall be subject to the written consent of the Participant’s spouse, acknowledging the effect of the election and witnessed by a Plan representative or a notary public. Such spousal consent shall not be required if the
Participant establishes to the satisfaction of the Administrator that the consent of the spouse may not be obtained because there is no spouse or the spouse cannot be located. A spouse’s consent shall be irrevocable. The election in
Section 6.1 may be revoked or changed at any time during the election period but shall be irrevocable thereafter. 
 6.3.4
Notwithstanding Section 6.3.3: 
  

	 	(a)	distribution of benefits may commence less than 30 days after the 

  

	 	(i)	the Participant elects to waive the requirement that notice be given at least 30 days prior to the Annuity Starting Date; and 

  

 22 

	 	(ii)	the distribution commences more than 7 days after such notice is provided. 

  

	 	(b)	The notice described in Section 6.3.1 may be provided after the Annuity Starting Date, in which case the applicable election period shall not end before the 30th day after the
date on which such notice is provided, unless the Participant elects to waive the 30-day notice requirements pursuant to Subsection (a) above. 

 6.3.5 Notwithstanding the foregoing provisions in Section 6.3, effective January 1, 2004, a Participant may elect a Retroactive Annuity Starting Date (as defined in Treas. Reg. 1.417(e)-1(b)(3)(iv)(B)),
pursuant to Section 6.5. In the event that the notice information described in Section 6.3 is provided to the Participant after the Participant’s Annuity Starting Date (as defined in Section 417(f)(2) of the Code) or Retroactive
Annuity Starting Date, the Participant shall have at least 30 days after the date the notification is provided to make the election described in Section 6.3. The Participant may waive this 30 day period pursuant to the provisions of
Section 6.3.4. 
  

	6.4	FMC Participants and FMCTI Participants in Pay Status 

 Notwithstanding any provision in the Plan to the contrary, each FMC Participant who had elected to receive and/or was receiving their normal retirement benefit, early retirement benefit, deferred retirement benefit,
disability retirement benefit or termination benefit under the FMC Plan prior to the Effective Date shall on and after the Effective Date continue to receive such benefits in the same form, and in the same amount as such FMC Participant and/or, as
applicable, FMC Joint Annuitant, was receiving or would have received under the FMC Plan prior to the Effective Date as if such benefits were paid by the FMC Plan. In addition, each FMC Beneficiary who was receiving benefits under the FMC Plan on
behalf of an FMC Participant prior to the Effective Date shall continue to receive such benefits from this Plan after the Effective Date in the same form and in the same amount as if such benefits were paid by the FMC Plan. 
 Notwithstanding any provision in the Plan to the contrary, each FMCTI Participant who had elected to receive and/or was receiving their normal retirement
benefit, early retirement benefit, deferred retirement benefit, disability retirement benefit or termination benefit under the FMCTI Plan prior to the Effective Date shall on and after the Effective Date continue to receive such benefits in the same
form, and in the same amount as such FMCTI Participant and/or, as applicable, FMCTI Joint Annuitant, was receiving or would have received under the FMCTI Plan prior to the Effective Date as if such benefits were paid by the FMCTI Plan. In addition,
each FMCTI Beneficiary who was receiving benefits under the FMCTI Plan on behalf of an FMCTI Participant prior to the Effective Date shall continue to receive such benefits from this Plan after the Effective Date in the same form and in the same
amount as if such benefits were paid by the FMCTI Plan. 
  

 23 

	6.5	Election of Retroactive Annuity Starting Date 

 Effective January 1, 2004, a Participant may elect a “Retroactive Annuity Starting Date” (as defined in Treas. Reg. 1.417(e)-1(b)(3)(iv)(B)), that occurs on or before the date the notice information described in
Section 6.3 is provided to the Participant, provided the following conditions are satisfied: 
  

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

  

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

  

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

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

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

  

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

  

	 	(c)	 the benefit determined as of the Retroactive Annuity Starting Date shall satisfy Section 417(e)(3) of the Code, if applicable, and Section 415 with the
applicable interest rate and applicable mortality table (as defined in 

  

 24 

	 	 
Article I) determined as of that date; and the Retroactive Annuity Starting Date shall not precede the date the Participant could have otherwise started
receiving benefits under the Plan. 

 ARTICLE VII 
 Survivor’s Benefits 
  

	7.1	Surviving Spouse’s Benefit 

 If a
Participant who has 5 or more Years of Vesting Service dies before the Annuity Starting Date and leaves a surviving spouse to whom the Participant has been married for at least 12 months, the Participant’s surviving spouse shall be entitled to
receive a survivor’s benefit for life. Except as otherwise provided in the applicable Supplement, the amount of such survivor’s benefit shall be determined pursuant to Section 4.2 based upon the Participant’s age and Years of
Credited Service on the date of the Participant’s death and paid in the form of a 50% Joint and Survivor’s Annuity as if the Participant had died on the day before such benefits commence. Except as otherwise provided in the applicable
Supplement, payment of the survivor’s benefit shall commence on the first day of the month coincident with or next following the later of the first date the Participant could have commenced an Early Retirement Benefit or the Participant’s
death, unless the Participant’s spouse elects to commence payment of benefits as of the first day of any subsequent month, but not later than the Participant’s Normal Retirement Date. 
  

	7.2	Certain Former Employees 

 FMC Participants
who have 10 Years of Vesting Service but who have not been credited with an Hour of Service on or after August 23, 1984 and are not receiving benefits on that date shall be entitled to elect survivor’s benefits only as follows: 

 

	 	(a)	if the FMC Participant is credited with an hour of service under the FMC Plan or a predecessor plan on or after September 2, 1974, but is not otherwise credited with an hour of
service under the FMC Plan, the FMCTI Plan or this Plan in a Plan Year beginning on or after January 1, 1976, the Participant shall be afforded an opportunity to elect payment of benefits in the form of a 100% Joint and Survivor’s Annuity;
or 

  

	 	(b)	if the Participant is credited with an Hour of Service under this Plan, the FMC Plan, the FMCTI Plan, or a predecessor plan in a Plan Year beginning after December 31, 1975,
the Participant shall be afforded the opportunity to elect a Surviving Spouse’s Benefit under Section 7.1. 

  

 25 

 ARTICLE VIII 
 Fiduciaries 
  

	8.1	Named Fiduciaries 

 8.1.1 The Company is the
Plan sponsor and a “named fiduciary” with respect to control over and management of the Plan’s assets only to the extent that it (a) shall appoint the members of the Committee which administers the Plan at the
Administrator’s direction; (b) shall delegate its authorities and duties as “plan administrator,” as defined under ERISA, to the Committee; and (c) shall continually monitor the performance of the Committee. 
 8.1.2 The Company, as Administrator, and the Committee, which administers the Plan at the Administrator’s direction, are “named
fiduciaries” of the Plan, as that term is defined in ERISA Section 402(a)(2), with authority to control and manage the operation and administration of the Plan. The Administrator is also the “administrator” and “plan
administrator” of the Plan, as those terms are defined in ERISA Section 3(16)(A) and Code Section 414(g), respectively. 
 8.1.3 The Trustee is a “named fiduciary” of the Plan, as that term is defined in ERISA Section 402(a)(2), with authority to manage and control all Trust assets, except to the extent that authority is delegated to an
Investment Manager or to the extent the Administrator or the Committee directs the allocation of Trust assets among general investment categories. 
 8.1.4 The Company, the Administrator, and the Trustee are the only named fiduciaries of the Plan. 
  

	8.2	Employment of Advisers 

 A named fiduciary,
and any fiduciary appointed by a named fiduciary, may employ one or more persons to render advice regarding any of the named fiduciary’s or fiduciary’s responsibilities under the Plan. 
  

	8.3	Multiple Fiduciary Capacities 

 Any named
fiduciary and any other fiduciary may serve in more than one fiduciary capacity with respect to the Plan. 
  

	8.4	Payment of Expenses 

 All Plan expenses,
including expenses of the Administrator, the Committee, the Trustee, any Investment Manager and any insurance company, will be paid by the Trust Fund, unless a Participating Employer elects to pay some or all of those expenses. 
  

 26 

	8.5	Indemnification 

 To the extent not
prohibited by state or federal law, each Participating Employer agrees to, and will indemnify and save harmless the Administrator, any past, present, additional or replacement member of the Committee, and any other employee, officer or director of
that Participating Employer, from all claims for liability, loss, damage (including payment of expenses to defend against any such claim) fees, fines, taxes, interest, penalties and expenses which result from any exercise or failure to exercise any
responsibilities with respect to the Plan, other than willful misconduct or willful failure to act. 
 ARTICLE IX 
 Plan Administration 
  

	9.1	Powers, Duties and Responsibilities of the Administrator and the Committee 

 9.1.1 The Administrator and the Committee have full discretion and power to construe the Plan and to determine all questions of fact or interpretation that may arise under it. Interpretation of the Plan or
determination of questions of fact regarding the Plan by the Administrator or the Committee will be conclusively binding on all persons interested in the Plan. 
 9.1.2 The Administrator and the Committee have the power to promulgate such rules and procedures, to maintain or cause to be maintained such records, and to issue such forms as it deems necessary or proper to
administer the Plan. 
 9.1.3 Subject to the terms of the Plan, the Administrator and/or the Committee will determine the time and manner in
which all elections authorized by the Plan must be made or revoked. 
 9.1.4 The Administrator and the Committee have all the rights, powers,
duties and obligations granted or imposed upon them elsewhere in the Plan. 
 9.1.5 The Administrator and the Committee have the power to do
all other acts in the judgment of the Administrator or the Committee necessary or desirable for the proper and advantageous administration of the Plan. 
 9.1.6 The Administrator and the Committee will exercise all responsibilities in a uniform and nondiscriminatory manner. 
  

	9.2	Delegation of Administration Responsibilities 

 The Administrator and the Committee may designate by written instrument one or more actuaries, accountants or consultants as fiduciaries to carry out, where appropriate, the administrative responsibilities, including their fiduciary duties.
The Committee may from time to time allocate or delegate to any subcommittee, member of the Committee and others, not necessarily employees of the Company, any of its duties relative to 

  

 27 

 
compliance with ERISA, administration of the Plan and related matters, including involving the exercise of discretion. The Company’s duties and
responsibilities under the Plan shall be carried out by its directors, officers and employees, acting on behalf of and in the name of the Company in their capacities as directors, officers and employees, and not as individual fiduciaries. No
director, officer nor employee of the Company shall be a fiduciary with respect to the Plan unless he or she is specifically so designated and expressly accepts such designation. 
  

	9.3	Committee Members 

 The Committee shall
consist of not less than 3 people, who need not be directors, and shall be appointed by the Board of Directors of the Company. Any Committee member may resign and the Board of Directors may remove any Committee member, with or without cause, at any
time. A majority of the members of the Committee shall constitute a quorum for the transaction of business and the act of a majority of the Committee members at a meeting at which a quorum is present shall be the act of the Committee. The Committee
can act by written consent signed by all of its members. Any members of the Committee who are Employees shall not receive compensation for their services for the Committee. No Committee member shall be entitled to act on or decide any matter
relating solely to his or her status as a Participant. 
 ARTICLE X 
 Funding of the Plan 
  

	10.1	Appointment of Trustee 

 The Committee or its
authorized delegatee will appoint the Trustee and either may remove it. The Trustee accepts its appointment by executing the Trust Agreement. A Trustee will be subject to direction by the Committee or its authorized delegatee or, to the extent
specified by the Company, by an Investment Manager, and will have the degree of discretion to manage and control Plan assets specified in the Trust Agreement. Neither the Company nor any other Plan fiduciary will be liable for any act or omission to
act of a Trustee, as to duties delegated to the Trustee. 
  

	10.2	Actuarial Cost Method 

 The Committee or its
authorized delegatee shall determine the actuarial cost method to be used in determining costs and liabilities under the Plan pursuant to Section 301 et seq., of ERISA and Section 412 of the Code. The Committee or its authorized delegatee
shall review such actuarial cost method from time to time, and if it determines from review that such method is no longer appropriate, then it shall petition the Secretary of the Treasury for approval of a change of actuarial cost method.

  

	10.3	Cost of the Plan 

 Annually the Committee or
its authorized delegatee shall determine the normal cost of the Plan for the Plan Year and the amount (if any) of the unfunded past service cost on the basis of the actuarial cost method established for the Plan using actuarial 

  

 28 

 
assumptions which, in the aggregate, are reasonable. The Committee or its authorized delegatee shall also determine the contributions required to be made for
each Plan Year by the Participating Employers in order to satisfy the minimum funding standard (or alternative minimum funding standard) for such Plan Year determined pursuant to Sections 302 through 305 of ERISA and Section 412 of the Code.

  

	10.4	Funding Policy 

 The Participating Employers
shall cause contributions to be made to the Plan for each Plan Year in the amount necessary to satisfy the minimum funding standard (or alternative minimum funding standard) for such Plan Year; provided, however, that this obligation shall cease
when the Plan is terminated. In the case of a partial termination of the Plan, this obligation shall cease with respect to those Participants, Joint Annuitants and Beneficiaries who are affected by such partial termination. Each contribution is
conditioned upon its deductibility under Section 404 of the Code and shall be returned to the Participating Employers within one year after the disallowance of the deduction (to the extent disallowed). Upon the Company’s written request, a
contribution that was made by a mistake of fact shall be returned to the Participating Employer within one year after the payment of the contribution. 
  

	10.5	Cash Needs of the Plan 

 The Committee or its
authorized delegatee from time to time shall estimate the benefits and administrative expenses to be paid out of the Plan during the period for which the estimate is made and shall also estimate the contributions to be made to the Plan during such
period by the Participating Employers. The Committee or its authorized delegatee shall inform the Trustees of the estimated cash needs of and contributions to the Plan during the period for which such estimates are made. Such estimates shall be made
on an annual, quarterly, monthly or other basis, as the Committee shall determine. 
  

	10.6	Public Accountant 

 The Committee or its
authorized delegatee shall engage an independent qualified public accountant to conduct such examinations and to render such opinions as may be required by Section 103(a)(3) of ERISA. The Committee or its authorized delegatee in its discretion
may remove and discharge the person so engaged, but in such case it shall engage a successor independent qualified public accountant to perform such examinations and to render such opinions. 
  

	10.7	Enrolled Actuary 

 The Committee or its
authorized delegatee shall engage an enrolled actuary to prepare the actuarial statement described in Section 103(d) of ERISA and to render the opinion described in Section 103(a)(4) of ERISA. The Committee or its authorized delegatee in
its discretion may remove and discharge the person so engaged, but in such event it shall engage a successor enrolled actuary to perform such examination and render such opinion. 
  

 29 

	10.8	Basis of Payments to the Plan 

 All
contributions to the Plan shall be made by the Participating Employers and no contributions shall be required of or permitted by Participants. From time to time the Participating Employers shall make such contributions to the Plan as the Company
determines to be necessary or desirable in order to fund the benefits provided by the Plan and any expenses thereof which are paid out of the Trust Fund and in order to carry out the obligations of the Participating Employers set forth in
Section 10.3. All contributions to the Plan shall be held by the Trustee in accordance with the Trust Agreement. 
  

	10.9	Basis of Payments from the Plan 

 All
benefits payable under the Plan shall be paid by the Trustee out of the Trust Fund pursuant to the directions of the Committee or its authorized delegatee and the terms of the Trust Agreement. The Trustee shall pay all proper expenses of the Plan
and the Trust Fund out of the Trust Fund, except to the extent paid by the Participating Employers. 
 ARTICLE XI 
 Plan Amendment or Termination 
  

	11.1	Plan Amendment or Termination 

 The Company
may, subject to any applicable Collective Bargaining Agreement, amend, modify or terminate the Plan at any time by resolution of the Board or by resolution of or other action recorded in the minutes of the Administrator or Committee. Execution and
delivery by the Administrator or the Committee or by the Chairman of the Board, the President, or any Vice President of the Company of an amendment to the Plan is conclusive evidence of the amendment, modification or termination. The Committee in
any event shall have the authority to amend the Plan at any time to the extent that such amendments are required in order to obtain a favorable determination letter from the Internal Revenue Service regarding the Plan’s qualification under the
Code or to conform the Plan to such regulations and rulings as may be issued by the Internal Revenue Service or the United States Department of Labor. 
  

	11.2	Limitations on Plan Amendment 

 No Plan
amendment can: 
  

	 	(a)	authorize any part of the Trust Fund to be used for, or diverted to, purposes other than the exclusive benefit of Participants or their Beneficiaries; 

  

	 	(b)	decrease the accrued benefits of any Participant or his or her Beneficiary under the Plan; or 

  

	 	(c)	except to the extent permitted by law, eliminate or reduce an early retirement benefit or retirement-type subsidy (as defined in Code Section 411) or an optional form of
benefit with respect to service prior to the date the amendment is adopted or effective, whichever is later. 

  

 30 

	11.3	Effect of Plan Termination 

 Upon termination
of the Plan, each Participant’s rights to benefits accrued hereunder shall be vested and nonforfeitable, and the Trust shall continue until the Trust Fund has been distributed as provided in Section 11.4. Any other provision hereof
notwithstanding, the Participating Employers shall have no obligation to continue making contributions to the Plan after termination of the Plan. Except as otherwise provided in ERISA, neither the Participating Employers nor any other person shall
have any liability or obligation to provide benefits hereunder after such termination in excess of the value of the Trust Fund. Upon such termination, Participants and Beneficiaries shall obtain benefits solely from the Trust Fund. Upon partial
termination of the Plan, this Section 11.3 shall apply only with respect to such Participants and Beneficiaries as are affected by such partial termination. 
  

	11.4	Allocation of Trust Fund on Termination 

 On
termination of the Plan, the Trust Fund shall be allocated by the Administrator on an actuarial basis among Participants and Beneficiaries in the manner prescribed by Section 4044 of ERISA. Any residual assets of the Trust Fund remaining after
such allocation shall be distributed to the Company if (a) all liabilities of the Plan to Participants and Beneficiaries have been satisfied and (b) such a distribution does not contravene any provision of law. The foregoing
notwithstanding, if any remaining assets of the Plan are attributable to Employee Contributions, such assets shall be equitably distributed to the Participants who made such contributions (or to their Beneficiaries) in accordance with their rate of
contribution. Effective January 1, 1989, the benefit of any highly compensated employee or former employee (determined in accordance with section 414(g) of the Code and regulations thereunder) shall be limited to a benefit that is
nondiscriminatory under section 401(a)(4) of the Code. In the event of a partial termination of the Plan, the Administrator shall arrange for the division of the Trust Fund, on a nondiscriminatory basis to the extent required by section 401 of the
Code, into the portion attributable to those Participants and Beneficiaries who are not affected by such partial termination and the portion attributable to such persons who are so affected. The portion of the Trust Fund attributable to persons who
are so affected shall be allocated in the manner prescribed by section 4044 of ERISA. 
 ARTICLE XII 
 Miscellaneous Provisions 
  

	12.1	Subsequent Changes 

 All benefits to which
any Participant may be entitled hereunder shall be determined under the Plan in effect when the Participant ceases to be an Eligible Employee (or under the FMC Plan, as of the date each FMC Participant who is not an 

  

 31 

 
Employee ceased to be an eligible employee under the FMC Plan) (or under the FMCTI Plan, as of the date each FMCTI Participant who is not an Employee ceased
to be an eligible employee under the FMCTI Plan) and shall not be affected by any subsequent change in the provisions of the Plan, unless the Participant again becomes an Eligible Employee. 
  

	12.2	Plan Mergers 

 The Plan shall not be merged
or consolidated with any other plan, and no assets or liabilities of the Plan shall be transferred to any other plan, unless each Participant would receive a benefit immediately after such merger, consolidation or transfer (if the Plan then
terminated) which is equal to or greater than the benefit such Participant would have been entitled to receive immediately before such merger, consolidation or transfer (if the Plan had then been terminated). A list of other plans which have been
merged into the FMC Plan, the FMCTI Plan, or this Plan is attached hereto and made a part hereof as Exhibit A. 
  

	12.3	No Assignment of Property Rights 

 The
interest or property rights of any person in the Plan, in the Trust Fund or in any payment to be made under the Plan shall not be assignable nor be subject to alienation or option, either by voluntary or involuntary assignment or by operation of
law, including (without limitation) bankruptcy, garnishment, attachment or other creditor’s process, and any act in violation of this Section 12.3 shall be void. This provision shall not apply to a “qualified domestic relations
order” defined in Code Section 414(p). The Company shall establish a written procedure to determine the qualified status of domestic relations orders and to administer distributions under such qualified orders. 
 In addition, the prohibition of this Section 12.3 will not apply to any offset of a Participant’s benefit under the Plan against an amount the
Participant is ordered or required to pay to the Plan under a judgment, order, decree or settlement agreement that meets the requirements as set forth in this Section 12.3. The Participant must be ordered or required to pay the Plan under a
judgment of conviction for a crime involving the Plan, under a civil judgment (including a consent order or decree) entered by a court in an action brought in connection with a violation (or alleged violation) of part 4 of subtitle B of title I of
ERISA, or pursuant to a settlement agreement between the Secretary of Labor and the Participant in connection with a violation (or alleged violation) of that part 4. This judgment, order, decree or settlement agreement must expressly provide for the
offset of all or part of the amount that must be paid to the Plan against the Participant’s benefit under the Plan. In addition, if a Participant is entitled to receive a 100% Joint and Survivor Annuity under Section 6.1 of the Plan or a
Surviving Spouse’s Benefit under Section 7.1 of the Plan, and the Participant is married at the time at which the offset is to be made, the Participant’s spouse must consent to the offset in accordance with the spousal consent
requirements of Section 6.3.3 of the Plan, an election to waive the right of the spouse to the 100% Joint and Survivor Annuity (made in accordance with Section 6.3 of the Plan) or the Surviving Spouse’s Benefit under Section 7.1
of the Plan, must be in effect, the spouse is ordered or required in the judgment, order, decree, or settlement to 

  

 32 

 
pay an amount to the Plan in connection with a violation of Part 4 of subtitle B or ERISA Title I, or the spouse retains in the judgment, order, decree, or
settlement the right to receive the survivor annuity under the 100% Joint and Survivor Annuity or under the Surviving Spouse’s Benefit, determined in the following manner: the Participant terminated employment on the date of the offset, there
was no offset, the Plan permitted the commencement of benefits only on or after Normal Retirement Age, the Plan provided only the minimum-required qualified joint and survivor annuity, and the amount of the Surviving Spouse’s Benefit under the
Plan is equal to the amount of the survivor annuity payable under the minimum-required qualified joint and survivor annuity. For purposes of this Section 12.3 the term “minimum-required qualified joint and survivor annuity” means a
qualified joint and survivor annuity which is the Actuarial Equivalent of the Participant’s accrued benefit and under which the survivor’s annuity is 50% of the amount of the annuity which is payable during the joint lives of the
Participant and the Participant’s spouse. 
  

	12.4	Beneficiary 

 To the extent permitted by the
applicable Supplement, the Beneficiary of a Participant shall be the person or persons so designated by such Participant with spousal consent and in accordance with Section 6.3. A Participant may revoke and change a designation of a Beneficiary
at any time. A designation of a Beneficiary, or any revocation and change thereof, shall be effective only if it is made in writing in a form acceptable to the Administrator and is received by it prior to the Participant’s death. 
  

	12.5	Benefits Payable to Minors, Incompetents and Others 

 If any benefit is payable to a minor, an incompetent, or a person otherwise under a legal disability, or to a person the Administrator reasonably believes to be physically or mentally incapable of handling and disposing of his or her
property, whether because of his or her advanced age, illness, or other physical or mental impairment, the Administrator has the power to apply all or any part of the benefit directly to the care, comfort, maintenance, support, education, or use of
the person, or to pay all or any part of the benefit to the person’s parent, guardian, committee, conservator, or other legal representative, wherever appointed, to the individual with whom the person is living or to any other individual or
entity having the care and control of the person. The Plan, the Administrator and any other Plan fiduciary will have fully discharged all responsibilities to the Participant or Beneficiary entitled to a payment by making payment under the preceding
sentence. 
  

	12.6	Employment Rights 

 Nothing in the Plan shall
be deemed to give any person a right to remain in the employ of the Company and Affiliates or affect any right of the Company or any Affiliate to terminate a person’s employment with or without cause. 
  

	12.7	Proof of Age and Marriage 

 Participants and
Beneficiaries shall furnish proof of age and marital status satisfactory to the Administrator at such time or times as it shall prescribe. The 

  

 33 

 
Administrator may delay the disbursement of any benefits under the Plan until all pertinent information with respect to age or marital status has been
furnished and then make payment retroactively. 
  

	12.8	Small Annuities 

 If the sum of (a) the
lump sum Actuarial Equivalent value of a Normal, Early, or Deferred Retirement Benefit under Article III, Termination Benefit (payable at the Participant’s Normal Retirement Date) under Article IV or Survivor’s Benefit under Article VII,
excluding any Aetna or Prudential nonparticipating annuity; and (b) the lump sum Actuarial Equivalent value of any Aetna or Prudential nonparticipating annuity is equal to $5,000 (effective January 1, 2005, $1,000) (or such other amount as
may be prescribed in or under the Code) or less, such amounts shall be paid in a lump sum as soon as administratively practicable following the Participant’s retirement, termination of employment or death. 
 For lump sum distributions paid on or after January 1, 2003, if the Participant is thereafter reemployed by the Company, the Participant’s
subsequent benefit will be reduced by the lump sum Actuarial Equivalent value of the lump sum distribution previously paid to the Participant. For lump sum distributions paid prior to January 1, 2003, if a Participant who has received such a
lump sum distribution is thereafter reemployed by the Company, the Participant shall have the option to repay to the Plan the amount of such distribution, together with interest at the rate of 5% per annum (or such other rate as may be
prescribed pursuant to section 411(c)(2)(C)(III) of the Code), compounded annually from the date of the distribution to the date of repayment. If a reemployed Participant does not make such repayment, no part of the Period of Service with respect to
which the lump sum distribution was made shall count as Years of Vesting Service or Years of Credited Service. 
  

	12.9	Controlling Law 

 The Plan and all rights
thereunder shall be interpreted and construed in accordance with ERISA and, to the extent that state law is not preempted by ERISA, the law of the State of Illinois. 
  

	12.10	Direct Rollover Option 

 Notwithstanding any
provision of the Plan to the contrary that would otherwise limit a distributee’s election under this Section 12.10, a distributee may elect, at the time and in the manner prescribed by the Administrator, to have any portion of an eligible
rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. 
  

	 	(a)	 As used in this Section 12.10, an “eligible rollover distribution” means any distribution of all or any portion of the balance to the credit of the
distributee, except that an eligible rollover distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the
distributee or the joint lives (or joint life expectancies) 

  

 34 

	 	 
of the distributee and the distributee’s designated beneficiary, or for a specified period of 10 years or more; any distribution to the extent such
distribution is required under Section 401(a)(9) of the Code; the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer
securities); and any other distribution(s) that is reasonably expected to total less than $200 during a year. 

 A portion
of a distribution shall not fail to be an eligible rollover distribution because the portion consists of after-tax employee contributions which are not includible in gross income. However, such portion may be transferred only to an individual
retirement account or annuity described in Section 408(a) or (b) of the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred,
including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. 
  

	 	(b)	As used in this Section 12.10, an “eligible retirement plan” means an individual retirement account described in Section 408(a) of the Code, an individual
retirement annuity described in Section 408(b) of the Code, an annuity plan described in Section 403(a) of the Code, a qualified trust described in Section 401(a) of the Code that accepts the distributee’s eligible rollover
distribution, an annuity contract described in Section 403(b) of the Code or an eligible retirement plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or an agency or instrumentality of
a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan. The definition of ‘eligible retirement plan’ shall apply in the case of a distribution to a surviving
spouse or to a spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code. 

  

	 	(c)	As used in this Section 12.10, a “distributee” includes an Employee or former Employee. In addition, the Employee’s or former Employee’s surviving spouse
and the Employee’s or former Employee’s spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are distributees with regard to the interest of the
spouse or former spouse. 

  

	 	(d)	As used in this Section 12.10, a “direct rollover” is a payment by the Plan to the eligible retirement plan specified by the distributee. 

  

	12.11	Claims Procedure 

 12.11.1 Any application
for benefits under the Plan and all inquiries concerning the Plan shall be submitted to the Company at such address as may be 

  

 35 

 
announced to Participants from time to time. Applications for benefits shall be in the form and manner prescribed by the Company and shall be signed by the
Participant or, in the case of a benefit payable after the death of the Participant, by the Participant’s Surviving Spouse or Beneficiary, as the case may be. 
 12.11.2 The Plan Administrator shall give written or electronic notice of its decision on any application to the applicant within 90 days of receipt of the application. Electronic notification may be used, at the
discretion of the Plan Administrator (or Review Panel, as discussed below). If special circumstances require a longer period of time, the Plan Administrator shall provide notice to the applicant within the initial 90-day period, explaining the
special circumstances requiring the extension of time and the date by which the Plan expects to render a benefit determination. A decision will be given as soon as possible, but no later than 180 days after receipt of the application. In the event
any application for benefits is denied in whole or in part, the Plan Administrator shall notify the applicant in writing or electronic notification of the right to a review of the denial. Such notice shall set forth, in a manner calculated to be
understood by the applicant: the specific reasons for the denial; the specific references to the Plan provisions on which the denial is based; a description of any information or material necessary to perfect the application and an explanation of
why such material is necessary; and a description of the Plan’s review procedures and the applicable time limits to such procedures, including a statement of the applicant’s right to bring a civil action under ERISA Section 502(a)
following a denial on review. 
 12.11.3 The Company shall appoint a “Review Panel,” which shall consist of three or more
individuals who may (but need not) be employees of the Company. The Review Panel shall be the named fiduciary that has the authority to act with respect to any appeal from a denial of benefits under the Plan, and shall hold meetings at least
quarterly, as needed. The Review Panel shall have the authority to further delegate its responsibilities to two or more individuals who may (but need not) be employees of the Company. 
 12.11.4 Any person (or his authorized representative) whose application for benefits is denied in whole or in part may appeal the denial by submitting to
the Review Panel a request for a review of the application within 60 days after receiving notice of the denial. The Review Panel shall give the applicant or such representative the opportunity to submit written comments, documents, and other
information relating to the claim; and an opportunity to review, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other relevant information (other than legally privileged documents) in preparing such
request for review. The request for review shall be in writing and addressed as follows: “Review Panel of the Employee Welfare Benefits Plan Committee, 1803 Gears Road, Houston, Texas 77067-4097.” The request for review shall set forth all
of the grounds on which it is based, all facts in support of the request and any other matters that the applicant deems pertinent. The Review Panel may require the applicant to submit such additional facts, documents, or other material as it may
deem necessary or appropriate in making its review. The Review Panel will consider all comments, documents, and other information submitted by the applicant regardless of whether such information was submitted or considered during the initial
benefit determination. 
  

 36 

 12.11.5 The Review Panel shall act upon each request for review within 60 days after receipt thereof. If
special circumstances require a longer period of time, the Review Panel shall so notify the applicant within the initial 60 days, explaining the special circumstances requiring the extension of time and the date by which the Review Panel expects to
render a benefit determination. A decision will be given as soon as possible, but no later than 120 days after receipt of the request for review. The Review Panel shall give notice of its decision to the Company and the applicant. In the event the
Review Panel confirms the denial of the application for benefits in whole or in part, such notice shall set forth in a manner calculated to be understood by the applicant, the specific reasons for such denial and specific references to the Plan
provisions on which the decision is based. If such an extension of time for review is required because of special circumstances, the Plan Administrator shall provide the applicant with written notice of the extension, describing the special
circumstances and the date as of which the benefit determination will be made, prior to the commencement of the extension. In the event the Review Panel confirms the denial of the application for benefits in whole or in part, such notice shall set
forth in a manner calculated to be understood by the applicant: the specific reasons for such denial; the specific references to the Plan provisions on which the decision is based; the applicant’s right, upon request and free of charge, to
receive reasonable access to, and copies of, all documents and other relevant information (other than legally-privileged documents and information); and a statement of the applicant’s right to bring a civil action under ERISA
Section 502(a). 
 12.11.6 The Review Panel shall establish such rules and procedures, consistent with ERISA and the Plan, as it may
deem necessary or appropriate in carrying out its responsibilities under this Section 12.11. 
 12.11.7 To the extent an application for
benefits as a result of a Disability requires the Plan Administrator or the Review Panel, as applicable, to make a determination of Disability under the terms of the Plan, such determination shall be subject to all of the general rules described in
this Section 12.11, except as they are expressly modified by this Section 12.11.7. 
  

	 	(a)	 If the applicant’s claim is for benefits as a result of Disability, then the initial decision on a claim for benefits will be made within 45 days after the
Plan receives the applicant’s claim, unless special circumstances require additional time, in which case the Plan Administrator will notify the applicant before the end of the initial 45-day period of an extension of up to 30 days. If
necessary, the Plan Administrator may notify the applicant, prior to the end of the initial 30-day extension period, of a second extension of up to 30 days. If an extension is due to the applicant’s failure to supply the necessary information,
the notice of extension will describe the additional information and the applicant will have 45 days to provide the additional information. Moreover, the period for making the determination will be delayed from the date the notification of extension
was sent out until the applicant responds to the request for additional information. No additional extensions may be made, except with the applicant’s voluntary consent. The contents of the notice shall be the same as described in
Section 12.11.2 above. If a benefit claim as a result 

  

 37 

	 	 
of Disability is denied in whole or in part, the applicant (or his authorized representative) will receive written or electronic notification, as described
in Section 12.11.2. 

  

	 	(b)	If an internal rule, guideline, protocol or similar criterion is relied upon in making the adverse determination, then the notice to the applicant of the adverse determination will
either set forth the internal rule, guideline, protocol or similar criterion, or will state that such was relied upon and will be provided free of charge to the applicant upon request (to the extent not legally-privileged) and if the
applicant’s claim was denied based on a medical necessity or experimental treatment or similar exclusion or limit, then the applicant will be provided a statement either explaining the decision or indicating that an explanation will be provided
to the applicant free of charge upon request. 

  

	 	(c)	The Review Panel, as described above in Section 12.11.3 shall be the named fiduciary with the authority to act on any appeal from a denial of benefits as a result of Disability
under the Plan. Any applicant (or his authorized representative) whose application for benefits as a result of Disability is denied in whole or in part may appeal the denial by submitting to the Review Panel a request for a review of the application
within 180 days after receiving notice of the denial. The request for review shall be in the form and manner prescribed by the Review Panel and addressed as follows: “Review Panel of the Employee Welfare Benefits Plan Committee, 1803 Gears
Road, Houston, Texas 77067-4097.” In the event of such an appeal for review, the provisions of Section 12.11.4 regarding the applicant’s rights and responsibilities shall apply. Upon request, the Review Panel will identify any medical
or vocational expert whose advice was obtained on behalf of the Review Panel in connection with an adverse benefit determination, without regard to whether the advice was relied upon in making the benefit determination. The entity or individual
appointed by the Review Panel to review the claim will consider the appeal de novo, without any deference to the initial benefit denial. The review will not include any person who participated in the initial benefit denial or who is the subordinate
of a person who participated in the initial benefit denial. 

  

	 	(d)	If the initial benefit denial was based in whole or in part on a medical judgment, then the Review Panel will consult with a health care professional who has appropriate training
and experience in the field of medicine involved in the medical judgment, and who was neither consulted in connection with the initial benefit determination nor is the subordinate of any person who was consulted in connection with that
determination; and upon notifying the applicant of an adverse determination on review, include in the notice either an explanation of the clinical basis for the determination, applying the terms of the Plan to the applicant’s medical
circumstances, or a statement that such explanation will be provided free of charge upon request. 

  

 38 

	 	(e)	A decision on review shall be made promptly, but not later than 45 days after receipt of a request for review, unless special circumstances require an extension of time for
processing. If an extension is required, the applicant will be notified before the end of the initial 45-day period that an extension of time is required and the anticipated date that the review will be completed. A decision will be given as soon as
possible, but not later than 90 days after receipt of a request for review. The Review Panel shall give notice of its decision to the applicant; such notice shall comply with the requirements set forth in Section 12.11.5. In addition, if the
applicant’s claim was denied based on a medical necessity or experimental treatment or similar exclusion, the applicant will be provided a statement explaining the decision, or a statement providing that such explanation will be furnished to
the applicant free of charge upon request. The notice shall also contain the following statement: “You and your Plan may have other voluntary alternative dispute resolution options, such as mediation. One way to find out what may be available
is to contact your local U.S. Department of Labor Office and your State insurance regulatory agency.” 

 12.11.8 No legal
or equitable action for benefits under the Plan shall be brought unless and until the applicant (a) has submitted a written application for benefits in accordance with Section 12.11.1 (or 12.11.7(a), as applicable), (b) has been
notified by the Plan Administrator that the application is denied, (c) has filed a written request for a review of the application in accordance with Section 12.11.4 (or 12.11.7(c), as applicable); and (d) has been notified that the
Review Panel has affirmed the denial of the application; provided that legal action may be brought after the Review Panel has failed to take any action on the claim within the time prescribed in Section 12.11.5 (or 12.11.7(e), as applicable).
An applicant may not bring an action for benefits in accordance with this Section 12.11.8 later than 90 days after the Review Panel denies the applicant’s application for benefits. 
  

	12.12	Participation in the Plan by an Affiliate 

 12.12.1 With the consent of the Board, any Affiliate, by appropriate action of its board of directors, a general partner or the sole proprietor, as the case may be, may adopt the Plan and determine the classes of its Employees that will be
Eligible Employees. 
 12.12.2 A Participating Employer will have no power with respect to the Plan except as specifically provided herein.

  

	12.13	Action by Participating Employers 

 Any
action required to be taken by the Company pursuant to any Plan provisions will be evidenced in the manner set forth in Section 11.1. Any action required to be taken by a Participating Employer will be evidenced by a resolution of the
Participating 

  

 39 

 
Employer’s board of directors (or an authorized committee of that board). Participating Employer action may also be evidenced by a written instrument
executed by any person or persons authorized to take the action by the Participating Employer’s board of directors, any authorized committee of that board, or the stockholders. A copy of any written instrument evidencing the action by the
Company or Participating Employer must be delivered to the secretary or assistant secretary of the Company or Participating Employer. 
 ARTICLE XIII 
 Top Heavy Provisions 
  

	13.1	Top Heavy Definitions 

 For purposes of this
Article XIII and any amendments to it, the terms listed in this Section 13.1 have the meanings ascribed to them below. 
 Aggregate
Account means the value of all accounts maintained on behalf of a Participant, whether attributable to Company or employee contributions, determined under applicable provisions of the defined contribution plan used in determining Top Heavy Plan
status. 
 Aggregation Group means the group of plans in a Mandatory Aggregation Group, if any, that includes the Plan, unless
including additional Related Plans in the group would prevent the Plan for being a Top Heavy Plan, in which case Aggregation Group means the group of plans in a Permissive Aggregation Group, if any, that includes the Plan. 
 Compensation means compensation as defined in Code Section 415(c)(3) and Treasury regulations thereunder. For purposes of determining who is
a Key Employee, Compensation will be applied by taking into account amounts paid by Affiliates who are not Participating Employers, as well as amounts paid by Participating Employers, and without applying the exclusions for amounts paid by a
Participating Employer to cover an Employee’s nonqualified deferred compensation FICA tax obligations and for gross-up payments on such FICA tax payments. 
 Determination Date means, for a Plan Year, the last day of the preceding Plan Year. If the Plan is part of an Aggregation Group, the Determination Date for each other plan will be, for any Plan Year, the
Determination Date for that other plan that falls in the same calendar year as the Determination Date for the Plan. 
 Key Employee
means an employee described in Code Section 416(i)(1), the regulations promulgated thereunder, and other guidance of general applicability issued thereunder. Generally, a Key Employee is an Employee or former Employee who, at any time
during the Plan Year containing the Determination Date is: 
  

	 	(a)	an officer of the Company or an Affiliate with annual Compensation greater than $130,000 (as adjusted under Code Section 416(i)(1) for Plan years beginning after
December 31, 2002); 

  

 40 

	 	(b)	a 5% owner of the Company or an Affiliate; or 

  

	 	(c)	a 1% owner of the Company or an Affiliate with annual Compensation from the Company and all Affiliates of more than $150,000. 

 Mandatory Aggregation Group means each plan (considering the Plan and Related Plans) that, during the Plan Year that contains the Determination
Date or any of the 4 preceding Plan Years: 
  

	 	(a)	had a participant who was a Key Employee; or 

  

	 	(b)	was required to be considered with a plan in which a Key Employee participated in order to enable the plan in which the Key Employee participated to meet the requirements of Code
Section 401(a)(4) or 410(b). 

 Non-key Employee means an Employee or former Employee who is not a Key Employee.

 Permissive Aggregation Group means the group of plans consisting of the plans in a Mandatory Aggregation Group with the Plan, plus
any other Related Plan or Plans that, when considered as a part of the Aggregation Group, does not cause the Aggregation Group to fail to satisfy the requirements of Code Section 401(a)(4) or 410(b). 
 Present Value of Accrued Benefits means, in the case of a defined benefit plan, a Participant’s present value of accrued benefits determined
as follows: 
  

	 	(a)	as of the most recent “Actuarial Valuation Date,” which is the most recent valuation date within a 12-month period ending on the Determination Date;

  

	 	(b)	as if the Participant terminated service as of the actuarial valuation date; and 

  

	 	(c)	the Actuarial Valuation Date must be the same date used for computing the defined benefit plan minimum funding costs, regardless of whether a valuation is performed that Plan Year.

 Present Value means, in calculating a Participant’s present value of accrued benefits as of a Determination
Date, the sum of: 
  

	 	(a)	the Actuarial Equivalent present value of accrued benefits; 

  

	 	(b)	 any Plan distributions made within the Plan Year that includes the Determination Date; provided, however, in the case of a distribution made for a reason other than
separation from service, death or disability, this provision shall also include distributions made within the 4 preceding Plan Years. In the case of distributions made after the valuation date and prior to the Determination Date, such distributions
are not included as distributions for top heavy purposes to the extent that such distributions 

  

 41 

	 	 
are already included in the Participant’s present value of accrued benefits as of the valuation date. Notwithstanding anything herein to the contrary,
all distributions, including distributions under a terminated plan which if it had not been terminated would have been required to be included in an Aggregation Group, will be counted; 

  

	 	(c)	any Employee Contributions, whether voluntary or mandatory. However, amounts attributable to tax deductible Qualified Voluntary Employee Contributions shall not be considered to be
a part of the Participant’s present value of accrued benefits; 

  

	 	(d)	with respect to unrelated rollovers and plan-to-plan transfers (ones which are both initiated by the Participant and made from a plan maintained by one employer to a plan maintained
by another employer), if this Plan provides for rollovers or plan-to-plan transfers, it shall always consider such rollover or plan-to-plan transfer as a distribution for the purposes of this Section 13.1. If this Plan is the plan accepting
such rollovers or plan-to-plan transfers, it shall not consider such rollovers or plan-to-plan transfers, as part of the Participant’s present value of accrued benefits; 

  

	 	(e)	with respect to related rollovers and plan-to-plan transfers (ones either not initiated by the Participant or made to a plan maintained by the same employer), if this Plan provides
the rollover or plan-to-plan transfer, it shall not be counted as a distribution for purposes of this Section. If this Plan is the plan accepting such rollover or plan-to-plan transfer, it shall consider such rollover or plan-to-plan transfer as
part of the Participant’s present value of accrued benefits, irrespective of the date on which such rollover or plan-to-plan transfer is accepted; and 

  

	 	(f)	if an individual has not performed services for a Participating Employer within the Plan Year that includes the Determination Date, any accrued benefit for such individual shall not
be taken into account. 

 Related Plan means any other defined contribution plan (a “Related Defined Contribution
Plan”) or defined benefit plan (a “Related Defined Benefit Plan”) (both as defined in Code Section 415(k), maintained by the Company or an Affiliate. 
 A Super Top Heavy Aggregation Group exists in any Plan Year for which, as of the Determination Date, the sum of the present value of accrued benefits and the Aggregate Accounts of Key Employees under all plans
in the Aggregation Group exceeds 90% of the sum of the present value of accrued benefits and the Aggregate Accounts of all employees under all plans in the Aggregation Group. In determining the sum of the Present Value of Accrued Benefits and/or
Aggregate Accounts for all employees, the present value of accrued benefits and/or Aggregate Accounts for any Non-key Employee who was a Key Employee for any Plan Year preceding the Plan Year that contains the Determination Date will be excluded.

  

 42 

 Super Top Heavy Plan means the Plan when it is described in the second sentence of
Section 13.2. 
 A Top Heavy Aggregation Group exists in any Plan Year for which, as of the Determination Date, the sum of the
Present Value of Accrued Benefits for Key Employees under all plans in the Aggregation Group exceeds 60% of the sum of the Present Value of Accrued Benefits for all employees under all plans in the Aggregation Group. In determining the sum of the
Present Value of Accrued Benefits for all employees, the Present Value of Accrued Benefits for any Non-key Employee who was a Key Employee for any Plan Year preceding the Plan Year that contains the Determination Date will be excluded. 

Top Heavy Plan means the Plan when it is described in the first sentence of Section 13.2. 
  

	13.2	Determination of Top Heavy Status 

 This Plan
is a Top Heavy Plan in any Plan Year in which it is a member of a Top Heavy Aggregation Group, including a Top Heavy Aggregation Group that includes only the Plan. The Plan is a Super Top Heavy Plan in any Plan Year in which it is a member of a
Super Top Heavy Aggregation Group, including a Super Top Heavy Aggregation Group that includes only the Plan. 
  

	13.3	Minimum Benefit Requirement for Top Heavy Plan 

 13.3.1 Minimum Accrued Benefit: The minimum accrued benefit (expressed as an Individual Life Annuity commencing at Normal Retirement Date) derived from Company contributions to be provided under this Section for each Non-key Employee
who is a Participant for any Plan Year in which this Plan is a Top Heavy Plan shall equal the product of (a) 1/12th of “416 Compensation” averaged over 5 the consecutive Plan Years (or actual number of Plan Years if less) which
produce the highest average and (b) the lesser of (i) 2% multiplied by Years of Vesting Service or (ii) 20%. 
 13.3.2 For
purposes of providing the minimum benefit under Code Section 416, a Non-key Employee who is not a Participant solely because (a) his compensation is below a stated amount or (b) he declined to make mandatory contributions to the Plan
will be considered to be a Participant. 
 13.3.3 For purposes of this Section 13.3, Years of Vesting Service for any Plan Year during
which the Plan was not a Top Heavy Plan shall be disregarded. 
 13.3.4 For purposes of this Section 13.3, 416 Compensation for any Plan
Year during which the Plan is a Top Heavy Plan shall be disregarded. 
 13.3.5 For the purposes of this Section 13.3, “416
Compensation” shall mean W–2 wages for the calendar year ending with or within the Plan Year, plus any elective deferral (as defined in Code section 402(g)), any amounts contributed to a plan described in Code Section 125 and any
amounts contributed to a plan described in Code Section 132. 416 Compensation shall be limited to $200,000 (as adjusted for cost-of-living in accordance with Section 401(a)(17)(B) of the Code) in Top Heavy Plan Years. 
  

 43 

 13.3.6 If payment of the minimum accrued benefit commences at a date other than Normal Retirement Date,
or if the form of benefit is other than on Individual Life Annuity, the minimum accrued benefit shall be the Actuarial Equivalent of the minimum accrued benefit expressed as an Individual Life Annuity commencing at Normal Retirement Date.

 13.3.7 To the extent required to be nonforfeitable under Section 13.4, the minimum accrued benefit under this Section 13.3 may
not be forfeited under Code Section 411(a)(3)(B) or Code Section 411(a)(3)(D). 
 13.3.8 In determining Years of Service, any
service shall be disregarded to the extent such service occurs during a Plan Year when the Plan benefits (within the meaning of Code Section 410(b)) no Key Employee or Former Key Employee. 
  

	13.4	Vesting Requirement for Top Heavy Plan 

 13.4.1 Notwithstanding any other provision of this Plan, for any Top Heavy Plan Year, the vested portion of any Participant’s accrued benefit shall be determined on the basis of the Participant’s number of Years of Vesting Service
according to the following schedule: 
  

				
	 Years of Service
	  	Percentage Vested	 
	 1 - 2
	  	0	%
	 3
	  	100	%

 If in any subsequent Plan Year, the Plan ceases to be a Top Heavy Plan, the Company may, in its
sole discretion, elect to continue to apply this vesting schedule in determining the vested portion of any Participant’s accrued benefit, or revert to the vesting schedule in effect before this Plan became a Top Heavy Plan. Any such reversion
shall be treated as a Plan amendment. 
 13.4.2 The computation of the nonforfeitable percentage of the Participant’s interest in the
Plan shall not be reduced as the result of any direct or indirect amendment to this Plan. In the event that this Plan is amended to change or modify any vesting schedule, a Participant with at least 3 Years of Service as of the expiration date of
the election period may elect to have the Participant’s nonforfeitable percentage computed under the Plan without regard to such amendment. If a Participant fails to make such election, then such Participant shall be subject to the new vesting
schedule. The Participant’s election period shall commence on the adoption date of the amendment and shall end 60 days after the latest of: 
  

	 	(a)	the adoption date of the amendment, 

  

	 	(b)	the effective date of the amendment, or 

  

 44 

	 	(c)	the date the Participant receives written notice of the amendment from the Company. 

 IN WITNESS WHEREOF, the undersigned and duly authorized Committee member has executed the Plan,
this 6th day of June, 2008, to be effective as of June 30, 2008, except as otherwise expressly provided herein. 
  

			
	JOHN BEAN TECHNOLOGIES CORPORATION
		
	By:	 	 /s/ Jeffrey A. Carr

		 	 Member, Employee Welfare Benefits Plan
 Committee

  

 45 

 SUPPLEMENTAL 1 
 JETWAY SYSTEMS DIVISION, OGDEN, UTAH 
  

	1-1	Eligible Employees 

 The terms of this
Supplement apply only to Eligible Employees of the FMC Corporation Jetway Systems Division or, effective, June 30, 2008, the JBT Corporation Jetway Systems Division who work in Ogden, Utah and are covered by the Collective Bargaining Agreement
between the Company and the United Steelworkers of America Local Union 6162. 
  

	1-2	Actuarial Equivalent 

 Actuarial
Equivalent, other than for purposes of Section 12.8 of the Plan, shall be determined based on the UP-1983 Group Annuity Mortality table for males set back 1 year for the Participant and 5 years for the Beneficiary, and 8% interest
compounded annually. 
  

	1-3	Average Monthly Earnings 

 Average Monthly
Earnings means the average for each Participant determined by dividing total Considered Compensation during the Participant’s 9-year Period of Service ending on his retirement or Severance from Service Date by 108. The denominator of 108
shall be reduced to the number of months actually worked if the Participant was not employed by the Company during that entire 9-year period. The denominator shall also be reduced in the case of Disability Retirement by the number of months without
pay because of Disability in the last 6 months before retirement, and in all other cases shall be reduced by the greater of the number of months without pay (a) in excess of 3, during each absence, or (b) in excess of 12. 
  

	1-4	Considered Compensation 

 Considered
Compensation means the Base Pay paid to an individual by the Company and/or any Affiliate during a Plan Year while that individual is a Participant. “Base Pay” means a Participant’s regular hourly wage and does not include
bonuses, amounts paid in lieu of regular vacation, overtime or other premium pay, deferred compensation, stock options, and other amounts that receive special tax treatment. 
 The annual amount of Considered Compensation taken into account for a Participant must not exceed $160,000 (as adjusted by the Internal Revenue Service
for cost-of living increases in accordance with Code Section 40l (a)(17)(B)); provided, however in determining benefit accruals after December 31, 2001, the annual amount of Considered Compensation taken into account for a Participant must
not exceed $200,000 (as adjusted by the Internal Revenue Service, for cost of living increases in accordance with Code Section 401(a)(17)(B)). For the purposes of determining benefit accruals in any Plan Year after December 31, 2001,
Considered Compensation for any prior Plan Year shall be subject to the applicable limit on Earnings for that prior year. 
  

 46 

	1-5	Normal Retirement Date 

 Normal Retirement
Date means the first day of the month coinciding with or next following the Participant’s 65th birthday. 
  

	1-6	Normal Retirement Benefit 

 A
Participant’s monthly Normal Retirement Benefit shall be the greater of (a) or (b): 
  

	 	(a)	1.025% of Average Monthly Earnings multiplied by the Participant’s Years of Credited Service. 

  

	 	(b)	The product of the benefit rate provided below in effect at the termination of the Participant’s Years of Credited Service multiplied by the 

 Participant’s Years of Credited Service. 
  

				
	 Termination Date
	  	Benefit Rate
	 On or after September 1, 1998
 but before August 31, 1999
	  	$	21.50
	 On or after September 1, 1999
	  	$	22.50

 Effective October 8, 2000, each Participant’s monthly Normal Retirement Benefit accrued
under the formula described above shall be calculated and maintained as a frozen benefit (“Prior Formula Accrued Benefit”). For periods beginning on or after October 9, 2000, a Participant’s Normal Retirement Benefit shall be
equal to the greater of the prior Formula Accrued Benefit, if any, and the product of the benefit rate of $30.00 multiplied by the Participant’s Years of Credited Service. 
  

	1-7	Early Retirement Date 

 Early Retirement Date
means the later of the Participant’s 55th birthday and the date the Participant acquires 15 (effective September 1, 2005, 10) years of Credited Service. 
  

	1-8	Early Retirement Reduction Factor 

 If a
Participant’s Early Retirement Benefit commences prior to age 65, the Participant’s Early Retirement Benefit shall be paid according to the reduced percentage provided below. 
  

 47 

				
	 Age Benefits Begin
	  	Reduced Percentage	 
	 65
	  	00.00	%
	 64
	  	93.00	%
	 63
	  	86.53	%
	 62
	  	80.60	%
	 61
	  	75.20	%
	 60
	  	70.33	%
	 59
	  	66.00	%
	 58
	  	62.20	%
	 57
	  	58.93	%
	 56
	  	56.20	%
	 55
	  	54.00	%

 Notwithstanding the preceding to the contrary, effective September 1, 2005, the following
reduced percentages shall apply: 
  

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

  

	1-9	Disability Retirement 

 A Participant who has
completed 10 Years of Vesting Service, has a Total and Permanent Disability for a period of at least 26 weeks and who retires due to Total and Permanent Disability shall be eligible for a Disability Retirement Benefit. 
 Total and Permanent Disability means a total and permanent mental or physical disability of a Participant and confirmed by medical examination of
a physician selected by the Company or the Participant, and confirmed by medical examination of a physician selected by the other party, whether or not such disability arose out of or during the course of employment, of a nature preventing such
Participant from engaging in any occupation for compensation for the balance of the Participant’s life. 
  

	1-10	Disability Retirement Benefit 

 If the
Participant is eligible for unreduced Social Security benefits, the Participant’s Disability Retirement Benefit shall be determined pursuant to Section 3.1.2, without reduction for early commencement, but shall be no less than $100 per
month. If 

  

 48 

 
the Participant is not eligible for unreduced Social Security benefits, the Participant’s Disability Retirement Benefit shall be determined according to
the preceding sentence, then increased by $100 per month. 
  

	1-11	Normal Form of Benefit 

 A Participant’s
benefit shall be paid in the form of a 50% Joint and Survivor’s Annuity, with the Participant’s spouse as joint annuitant if the Participant is married on the Annuity Starting Date, and in the form of an Individual Life Annuity if the
Participant is not married on the Annuity Starting Date, unless the Participant elects, in accordance with Section 6.3, not to receive payment in the normal form and to receive payment in one of the permitted optional forms. 
  

	1-12	Optional Forms of Benefit 

 A Participant may
elect, in accordance with Section 6.3, to receive the Participant’s benefits in one of the following optional forms: 
  

	 	(a)	an Individual Life Annuity; or 

  

	 	(b)	a 50% or 100% joint and survivor annuity, with the Participant’s Beneficiary as the survivor. 

  

	1-13	Surviving Spouse’s Benefit 

 The
surviving spouse’s benefit shall be equal to 60% of 90% of the amount the Participant would have received if the Participant had retired on the day before death and commenced payments on the Participant’s earliest early retirement date,
unless the Participant waived such benefit with spousal consent, in which case the surviving spouse’s benefit shall be eliminated. 
 Payment of the survivor’s benefit shall commence on the first day of the month next following
the later of the Participant’s 55th birthday or the Participant’s death, unless the Participant’s spouse elects to commence payment
of benefits as of the first day of any subsequent month, but not later than the Participant’s Normal Retirement Date. 
  

 49 

 SUPPLEMENTAL 2 
 PACKAGING MACHINERY DIVISION, GREEN BAY, WISCONSIN 
  

	2-1	Eligible Employees 

 The terms of this
Supplement apply only to individuals participating in the FMC Corporation Retirement Plan for Hourly Employees - Packaging Machinery Division, Green Bay, Wisconsin (“Prior Plan”) on the Freeze Date who had not yet received a full
distribution of their benefit under such Prior Plan, the FMC Plan, or the FMCTI Plan as of the Effective Date (“Participant”). 
  

	2-2	Freeze Date 

 Effective March 22, 1995
(“Freeze Date”) the union group covering the Participants was decertified and the Prior Plan was frozen. No new participants entered the Prior Plan after the Freeze Date, and no benefits accrued under the Prior Plan after the Freeze Date.

  

	2-3	Actuarial Equivalent 

 Actuarial
Equivalent, other than for purposes of Section 12.8 of the Plan, shall be determined based on the 1971 Group Annuity Table (weighted 95% male, 5% female) and 6% interest compounded annually. 
  

	2-4	Normal Retirement Date 

 Normal Retirement
Date means the first day of the month coinciding with or next following the Participant’s 65th birthday. 
  

	2-5	Normal Retirement Benefit 

 A
Participant’s monthly Normal Retirement Benefit shall be the Participant’s monthly normal retirement benefit accrued under the Prior Plan as of the Freeze Date. 
  

	2-6	Early Retirement Date 

 Early Retirement
Date means the later of the Participant’s 55th birthday and the date the Participant acquires 15 Years of Credited Service. 
  

	2-7	Early Retirement Reduction Factor 

 The
Participant’s Early Retirement Benefit shall be reduced by 4% per year for each year between the Participant’s Annuity Starting Date and the Participant’s 65th birthday. 
  

	2-8	Surviving Spouse’s Benefit 

 The amount
of the surviving spouse’s benefit shall be determined pursuant to this Supplement as if the Participant had retired on the later of the Participant’s 55th birthday or the date of the Participant’s death. Payment of the survivor’s
benefit shall commence 

  

 50 

 
on the first day of the month next following the later of the Participant’s 55th birthday or the Participant’s death, unless the Participant’s
spouse elects to commence payment of benefits as of the first day of any subsequent month, but not later than the Participant’s Normal Retirement Date. 
  

	2-9	Participants who were Salaried Employees 

 Participants who prior to the Freeze Date became salaried employees and as a result became covered under the FMC Corporation Salaried Employees’ Retirement Plan (“Salaried Plan”), or its predecessor plan, were given certain
distribution rights as described in Section 6.2.5 of the Salaried Plan that applied to benefits payable under the Plan and the Salaried Plan. 
  

 51 

 SUPPLEMENTAL 3 
 SMITH METER PLANT, ERIE, PENNSYLVANIA 
  

	3-1	Eligible Employees 

 The terms of this
Supplement apply only to Eligible Employees of the FMC Corporation Smith Meter Plan who work in Erie, Pennsylvania and who are covered by the Collective Bargaining Agreement between the Company and the International Union, United Automobile,
Aerospace and Agricultural Implement Workers of America Local No. 714. 
  

	3-2	Actuarial Equivalent 

 Actuarial
Equivalent, other than for purposes of Section 12.8 of the Plan, shall be determined based on the UP-1984 Mortality Table (for nondisabled participants) and the 1965 Railroad Board Total Disabled Annuitants Mortality Table - Ultimate Rates
(for disabled participants) and the interest rate used by the Pension Benefit Guaranty Corporation for lump sum distributions occurring on the first day of the Plan Year that contains the Annuity Starting Date. 
  

	3-3	Service 

 Break-In-Service occurs when
a nonvested Employee does not accrue at least 170 Hours of Service during a calendar year. Any such break shall cause a forfeiture of prior Years of Vesting Service if the total years of consecutive Breaks-in-Service equals or exceeds the greater of
five or the number of Years of Vesting Service. 
 If the number of consecutive Breaks-in-Service do not operate to cause a forfeiture of
prior Years of Vesting Service, the prior Years of Vesting Service shall be reinstated after the Employee is again credited with 1/10th Year of Vesting Service. Further, if an Employee becomes eligible for a Disability Retirement Benefit and
recovers prior to his 65th birthday, he shall retain his Years of Vesting Service upon return to active employment with the Company within 30 days after Disability Retirement Benefits cease. 
 Hour of Service means: 
  

	 	(a)	Each hour during an applicable computation period for which an Employee is directly or indirectly paid or entitled to payment as an Employee for services performed, including back
pay, irrespective of mitigation of damages, or such hours directly or indirectly paid for reasons other than the performance of duties during the applicable computation period, such as vacation, holidays, paid sick or funeral leaves, and similar
paid periods of nonworking time, or periods of absence because of jury duty, military leaves and other Company approved leaves of absence. The number of Hours of Service to be credited to an Employee as a result of payment for other than duties
performed shall be computed in accordance with such Employee’s hourly rate of pay during that computation period for which payment is made. 

  

 52 

	 	(b)	Such Hours of Service which are paid for other than at the time they accrued shall be deemed accumulated for all purposes herein during the period for which they accrued
irrespective of when payment is made. 

  

	 	(c)	The number of Hours of Service to be credited to an Employee for any computation period shall be governed by Sections 2530.200b-2(b) and (c) of the Labor Department Regulations
relating to ERISA. 

  

	 	(d)	Anything contained herein to the contrary notwithstanding and solely for purposes of determining whether a Break-in-Service has occurred for purposes of Years of Vesting Service, an
Employee who is absent from work for maternity or paternity reasons shall receive credit for the Hours of Service which would otherwise have been credited to such Employee but for such absence, or in any case in which Hours of Service cannot be
determined, 8 Hours of Service per day of such absence. The total number of Hours of Service credited under this paragraph for any single continuous period shall not exceed 501 hours. For purposes of this paragraph, an absence from work for
maternity or paternity reasons means an absence, (i) by reason of the pregnancy of the individual, (ii) by reason of a birth of a child of the individual, (iii) by reason of the placement of a child with the individual in connection
with the adoption of such child by such individual, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or placement. The Hours of Service credited under this paragraph shall be credited in the
Plan Year in which the absence begins if such crediting is required to prevent a Break-in-Service in such Plan Year, or (in all other cases) in the following Plan Year. 

 One Year Break-In-Service means any calendar year during which an Employee completes less than 170 Hours of Service. 
 Year of Credited Service means (A) the Employee’s Years of Credited Service prior to the Effective Date, and (B) the
Employee’s Years of Vesting Service while the Employee is an Eligible Employee and after the Employee becomes a Participant. Notwithstanding the foregoing, benefit payments under this Plan for periods of service credited under any other
retirement plans sponsored by the Company or an Affiliate as certified by the Administrator shall be reduced (but not below zero) by the amount of any benefit payments under such other plan for the same period of time. 
 Year of Vesting Service means (A) the Employee’s Years of Service prior to the Effective Date, and (B) the total number of calendar
years in which the Employee is credited with 1000 or more Hours of Service, or, subject to the provisions of this 

  

 53 

 
Supplement on Break-In-Service, a proportionate credit for 1/10th of a Year of Vesting Service for each 100 Hours of Service credited during such calendar
year if the Employee is credited with less than 1000 Hours of Service during such calendar year. 
  

	3-4	Normal Retirement Date 

 Normal Retirement
Date means the earlier of (a) the first date the Participant has attained age 62 and completed 10 years of Vesting Service, or (b) the Participant’s 65th birthday. 
  

	3-5	Normal Retirement Benefit 

 A
Participant’s monthly Normal Retirement Benefit shall be determined by multiplying the fixed rate provided below in effect on the date the Participant’s Years of Credited Service terminate, multiplied by the Participant’s Years of
Credited Service: 
  

				
	 Termination Date
	  	Benefit Rate
	 On or after January 1, 1999
 but prior to January 1, 2001
	  	$	25.00
		
	 On or after January 1, 2001
 But prior to January 1, 2002
	  	$	26.00
		
	 On or after January 1, 2002
 but prior to January 1, 2003
	  	$	27.00
		
	 On or after January 1, 2003
 but prior to January 1, 2004
	  	$	28.00
		
	 On or after January 1, 2004
 but prior to January 1, 2005
	  	$	29.00
		
	 On of after January 1, 2005
 but prior to January 1, 2006
	  	$	29.00
		
	 On or after January 1, 2006
 but prior to January 1, 2007
	  	$	30.00
		
	 On or after January 1, 2007
 but prior to January 1, 2008
	  	$	31.00
		
	 On or after January 1, 2008
 but prior to January 1, 2009
	  	$	32.00
		
	 On or after January 1, 2009
 but prior to January 1, 2010
	  	$	33.00
		
	 On or after January 1, 2010
	  	$	33.00

  

 54 

 Each Participant whose Years of Credited Service terminates after January 1, 2001, but prior to
January 1, 2004 as a result of Normal Retirement, Early Retirement, Disability Retirement or Deferred Retirement, but not including a Participant whose employment terminates prior to Early Retirement eligibility, shall have their Normal, Early,
Disability or Deferred Retirement benefit, as applicable, recalculated effective January 1, 2004 using a monthly benefit rate of $29.00, provided that any such recalculation shall not increase the amount of Normal, Early, Disability or Deferred
Retirement benefit, as applicable, already paid to such Participant, but shall be applied solely to any Normal, Early, Disability or Deferred Retirement benefit, as applicable, payable after January 1, 2004. A Participant’s monthly Normal,
Early, Disability or Deferred Retirement benefit, as applicable shall be increased by $20.00 per month after the Participant attains age 65, and by an additional $20.00 per month after the Participant’s spouse attains age 65. 
 Effective January 1, 2009, each Participant whose Years of Credited Service terminates on or after April 3, 2006, but prior to January 1,
2009 as a result of Normal Retirement, Early Retirement, Disability Retirement or Deferred Retirement, but not including a Participant whose employment terminates prior to Early Retirement eligibility, shall have their Normal, Early, Disability or
Deferred Retirement benefit, as applicable, recalculated effective on the Participant’s retirement anniversary date occurring in 2009 using a monthly benefit rate of $33.00, provided that any such recalculation shall not increase the amount of
Normal, Early, Disability or Deferred Retirement benefit, as applicable, already paid to such Participant, but shall be applied solely to any Normal, Early, Disability or Deferred Retirement benefit, as applicable, payable after January 1,
2009. 
  

	3-6	Early Retirement Date 

 Early Retirement
Date means the later of the Participant’s 57th birthday and the date the Participant acquires 10 Years of Credited Service. 
  

	3-7	Early Retirement Reduction Factor 

 If a
Participant’s Early Retirement Benefit commences prior to age 62, the Participant’s Early Retirement Benefit shall be reduced by a percentage equal to 4% multiplied by the number of years (prorated for any fraction of a year) from the
Annuity Starting Date to the first day of the month following the Participant’s 62nd birthday. The same reduction factor shall apply to a terminated Participant who is not Early Retirement eligible if the Participant has 10 Years of Vesting
Service. 
  

	3-8	Disability Retirement 

 A Participant who has
completed 10 Years of Credited Service and suffers a Total and Permanent Disability while he is an Employee and before he has attained age 62 shall be eligible for a Disability Retirement Benefit. 
 Total and Permanent Disability means total disability by bodily injury or disease, physical or mental, or both, sufficient to prevent the Employee
from engaging in any regular occupation or employment for remuneration or profit, which disability will be 

  

 55 

 
permanent and continuous during the remainder of the Employee’s life; provided, however, that no Employee shall be deemed to be totally and permanently
disabled for the purposes of the Plan if his incapacity consists of chronic alcoholism or addiction to narcotics, or if such incapacity was contracted, suffered or incurred while he was engaged in a felonious enterprise or resulted therefrom or
resulted from an intentionally self-inflicted injury or resulted from service in the armed forces of any country. The existence of total and permanent disability shall be determined by the Committee on the basis of medical evidence satisfactory to
it. 
  

	3-9	Disability Retirement Benefit 

 The
Participant’s Disability Retirement Benefit shall be determined by multiplying the fixed rate provided below in effect on the date his Total and Permanent Disability commences, multiplied by the Participant’s Years of Credited Service as
of such date: 
  

				
	 Termination Date
	  	Benefit Rate
	 On or after January 1, 1999 and prior to January 1, 2001
	  	$	50.00
	 On or after January 1, 2001 and prior to January 1, 2002
	  	$	52.00
	 On or after January 1, 2002 and prior to January 1, 2003
	  	$	54.00
	 On or after January 1, 2003 and prior to January 1, 2004
	  	$	56.00
	 On or after January 1, 2004 and prior to January 1, 2005
	  	$	58.00
	 On or after January 1, 2005
	  	$	58.00

 All disability retirement benefits shall be reduced by the amount of (a) worker’s
compensation benefits; and (b) any present or future payments on account of injury, disease or disability under the Federal Social Security Act, as amended, or any other Federal or State law under which the Company contributes through taxes or
otherwise to benefits for injury, disease or disability of Employees whether occupational or non-occupational; provided however, that the provisions of this Section 3-9 shall not operate to reduce the disability retirement benefits to less than
the retirement benefits to which the Participant would have been entitled had the Participant reached the Participant’s 62nd birthday at time of disability retirement. 
  

	3-10	Normal Form of Benefit 

 The normal form of
benefit shall be a 50% Joint and Survivor’s Annuity with the Participant’s spouse as joint annuitant if he is married on the Annuity Starting Date, and an Individual Life Annuity if he is not married on the Annuity Starting Date.

  

	3-11	Optional Forms of Benefit 

 A Participant who
is eligible for an Early or Normal Retirement Benefit may, with spousal consent and in accordance with Section 6.3, waive the normal form of benefit and elect one of the optional forms which shall be the Actuarial Equivalent of the normal form
of benefit. 
  

	 	(a)	an Individual Life Annuity, if the Participant is married; 

  

 56 

	 	(b)	a 100% or 66 - 2/3% Joint and Survivor’s Annuity; or 

  

	 	(c)	a joint and survivor’s annuity pursuant to which, upon the Participant’s death 50% of the amount paid to the Participant (reduced by 1% for each full year exceeding 10 by
which the spouse is younger than the Participant) is paid to the Participant’s spouse until the earlier of (i) the spouse’s death; (ii) remarriage; or (iii) a total of 120 payments have been made to the Participant and
spouse. No benefit shall be paid to the Participant’s spouse if the Participant and spouse were married less than 12 months at the time of the Participant’s death. 

  

	3-12	Surviving Spouse’s Benefit 

 If the
Participant had attained Early Retirement Date, the amount of the surviving spouse’s benefit shall be 50% of the benefit the Participant would have received if the Participant had elected an Individual Life Annuity commencing on the day before
the Participant’s death. 
 If the Participant had not attained Early Retirement Date, the amount of the surviving spouse’s benefit
shall be equal to the survivor’s benefit under the 50% Joint and Survivor’s Annuity the Participant would have received if the Participant had elected such annuity commencing at age 57 or the day before the Participant’s death, if
later. 
 Monthly surviving spouse benefits payable under this Section 3-12 shall be reduced by 1% for each full year exceeding 10 years
by which the surviving spouse is younger than the Participant. 
  

 57 

 SUPPLEMENTAL 4 
 FOOD PROCESSING MACHINERY DIVISION, HOOPESTON, ILLINOIS 
  

	4-1	Eligible Employees 

 The terms of this
Supplement apply only to Eligible Employees of the FMC Corporation Food Processing Machinery Division who work in Hoopeston, Illinois and who are covered by the Collective Bargaining Agreement between the Company and the Allied Industrial Workers of
America, AFL-CIO Local 985. 
  

	4-2	Actuarial Equivalent 

 Actuarial
Equivalent, other than for purposes of Section 12.8 of the Plan, shall be determined based on the 1971 Group Annuity Table (weighted 95% male, 5% female) and 6% interest compounded annually. 
  

	4-3	Commencement of Participation 

 An Eligible
Employee shall become a Participant as of the date the Participant completes 1 year of Credited Service. 
  

	4-4	Normal Retirement Date 

 Normal Retirement
Date means the first day of the month coinciding with or next following the Participant’s 65th birthday. 
  

	4-5	Normal Retirement Benefit 

 A
Participant’s monthly Normal Retirement Benefit shall be determined by multiplying the fixed rate provided below in effect on the date the Participant’s Years of Credited Service terminate, multiplied by his Years of Credited Service:

  

				
	 Termination Date
	  	Benefit Rate
	 On or after December 1, 1998
	  	$	26.00
	 On or after December 1, 1999
	  	$	30.00
	 On or after December 1, 2002
	  	$	33.00

  

	4-6	Early Retirement Reduction Factor 

 If a
Participant’s Early Retirement Benefit commences prior to age 65, the Participant’s Early Retirement Benefit shall be reduced by 4% for each full year between the Annuity Starting Date and the Participant’s 65th birthday. 

 

	4-7	Optional Form of Benefits 

  

	 	(a)	A married Participant may elect, with spousal consent and in accordance with Section 6.3, to receive the Participant’s benefits in one of the following forms:

  

	 	(i)	an Individual Life Annuity; 

  

 58 

	 	(ii)	a 50% joint and survivor’s annuity with the Participant’s Beneficiary as survivor; or 

  

	 	(iii)	a 100% joint and survivor’s annuity with the Participant’s Beneficiary as survivor. 

  

	 	(b)	An unmarried Participant who is eligible for Normal Retirement, Early Retirement or Disability Retirement Benefits may elect, in accordance with Section 6.3, to receive the
Participant’s benefits in one of the following forms: 

  

	 	(i)	a 50% joint and survivor’s annuity with the Participant’s Beneficiary as survivor; or 

  

	 	(ii)	a 100% joint and survivor’s annuity with the Participant’s Beneficiary as survivor. 

  

	4-8	Disability Retirement 

 A Participant who has
completed 15 Years of Credited Service as of the date Total and Permanent Disability has endured for a period of 13 weeks shall be eligible for a Disability Retirement Benefit. 
 Total and Permanent Disability means a total and permanent mental or physical disability of a Participant and confirmed by medical examination of a
physician selected by the Company or the Participant, and confirmed by medical examination of a physician selected by the other party, whether or not such disability arose out of or during the course of employment, of a nature preventing such
Participant from engaging in any occupation for compensation for the balance of the Participant’s life. 
  

	4-9	Disability Retirement Benefit 

 The
Participant’s Disability Retirement Benefit shall be determined pursuant to Section 3.1.2, based on the Participant’s Years of Credited Service to the date of the Participant’s Disability Retirement. 
 The Disability Retirement payment shall commence with the first day of the month immediately following the expiration of the 13-week period described in
Section 4-8 of this Supplement or medical certification of disability, whichever shall be later. 
 Such payment shall also take into
account and have deducted therefrom any benefits paid or payable, now or in the future, to the Participant by way of (a) Worker’s Compensation payments; (b) public pension payments (except Social Security Disability and Military
pension payments); and (c) 1/2 of any accident or health insurance benefit payment as may be provided by any program as now or in the future made available by the Company or placed in effect by any governmental authority for the benefit of
Participants; however, any lump sum award under (a) and (c) above shall not be deducted. Any Participant who shall receive a Disability Retirement Benefit shall be subject to reexamination by a physician of the Company at any time the
Company may so 

  

 59 

 
request and if, in the opinion of the Company, the Total and Permanent Disability of the Participant shall no longer continue to exist, such
Participant’s right to a continuance of Disability Retirement Benefit payment shall cease. Failure or refusal of a Participant to submit to medical examination as requested by the Company shall be cause of cancellation of the Disability
Retirement Benefit. Such disabled Participant shall, however, be entitled to Early or Normal Retirement benefit payments upon qualification by the Participant under the requirements set forth in Section 3.1 and Section 3.2. In no event,
however, shall any Participant be entitled to receive both a Disability Retirement Benefit and an Early or Normal Retirement Benefit, it being intended that there should be no duplication of retirement benefits. 
  

 60 

 SUPPLEMENTAL 5 
 AIRLINE EQUIPMENT DIVISION, SAN JOSE, CALIFORNIA 
  

	5-1	Eligible Employees 

 The terms of this
Supplement apply only to individuals participating in the FMC Corporation Retirement Plan for San Jose Commercial Segment Hourly Employees (“Prior Plan”) on the Freeze Date who were a part of the Airline Equipment Division and who have not
yet received a full distribution of their benefit under such Prior Plan as of the Effective Date (“Participant”). 
  

	5-2	Freeze Date 

 Effective July 28, 1982
(“Freeze Date”), the Participants had their benefits in the Prior Plan frozen as a result of the closure of the Airline Equipment Division in San Jose, California. No new Participants entered the Prior Plan after the Freeze Date, and no
benefits accrued to Participants under the Prior Plan after the Freeze Date. 
  

	5-3	Actuarial Equivalent 

 Actuarial Equivalent,
other than for purposes of Section 12.8 of the Plan, shall be determined based on the 1951 Group Annuity Mortality Table and 3.5% interest compounded annually. 
  

	5-4	Normal Retirement Date 

 Normal Retirement
Date means the first day of the month coinciding with or next following the Participant’s 65th birthday. 
  

	5-5	Normal Retirement Benefit 

 A
Participant’s monthly Normal Retirement Benefit shall be the Participant’s monthly normal retirement benefit accrued under the Prior Plan as of the Freeze Date. 
  

	5-6	Early Retirement Date 

 Early Retirement Date
means the later of the Participant’s 55th birthday and the date the Participant acquires 10 Years of Vesting Service. 
  

	5-7	Early Retirement Reduction Factor 

 If a
Participant’s Early Retirement Benefit commences prior to age 65, the Participant’s Early Retirement Benefit shall be reduced by 5/12 of 1% for each month between his Annuity Starting Date and the Participant’s 65th birthday.

  

	5-8	5-8 Termination Benefits Reduction Factor 

 If a Participant’s Termination Benefit commences prior to age 65, the Participant’s Termination Benefit shall be reduced to the Actuarial Equivalent of the Participant’s basic benefit in accordance with Tables A or B attached
hereto. 
  

 61 

 Based on Age of Participant on Commencement of Early Retirement Benefit 
 MALE PARTICIPANT (Table A) 
  

																																					
	  	  	MONTHS	 
	 YEARS
	  	0	 	 	1	 	 	2	 	 	3	 	 	4	 	 	5	 	 	6	 	 	7	 	 	8	 	 	9	 	 	10	 	 	11	 
	 55
	  	44.74	%	 	45.01	%	 	45.28	%	 	45.56	%	 	45.83	%	 	46.10	%	 	46.37	%	 	46.64	%	 	46.91	%	 	47.19	%	 	47.46	%	 	47.73	%
	 56
	  	48.00	 	 	48.30	 	 	48.60	 	 	48.90	 	 	49.20	 	 	49.50	 	 	49.80	 	 	50.09	 	 	50.39	 	 	50.69	 	 	50.99	 	 	51.29	 
	 57
	  	51.59	 	 	51.92	 	 	52.25	 	 	52.58	 	 	52.91	 	 	53.24	 	 	53.57	 	 	53.91	 	 	54.24	 	 	54.57	 	 	54.90	 	 	55.23	 
	 58
	  	55.56	 	 	55.93	 	 	56.30	 	 	56.66	 	 	57.03	 	 	57.40	 	 	57.77	 	 	58.13	 	 	58.50	 	 	58.87	 	 	59.24	 	 	59.60	 
	 59
	  	59.97	 	 	60.38	 	 	60.79	 	 	61.19	 	 	61.60	 	 	62.01	 	 	62.42	 	 	62.83	 	 	63.24	 	 	63.64	 	 	64.05	 	 	64.46	 
	 60
	  	64.87	 	 	65.33	 	 	65.78	 	 	66.24	 	 	66.69	 	 	67.15	 	 	67.60	 	 	68.06	 	 	68.52	 	 	68.97	 	 	69.43	 	 	69.88	 
	 61
	  	70.34	 	 	70.85	 	 	71.36	 	 	71.88	 	 	72.39	 	 	72.90	 	 	73.41	 	 	73.92	 	 	74.43	 	 	74.95	 	 	75.46	 	 	75.97	 
	 62
	  	76.48	 	 	77.06	 	 	77.63	 	 	78.21	 	 	78.78	 	 	79.36	 	 	79.93	 	 	80.51	 	 	81.08	 	 	81.66	 	 	82.23	 	 	82.81	 
	 63
	  	83.38	 	 	84.03	 	 	84.68	 	 	85.32	 	 	85.97	 	 	86.62	 	 	87.27	 	 	87.92	 	 	88.57	 	 	89.21	 	 	89.86	 	 	90.51	 
	 64
	  	91.16	 	 	91.90	 	 	92.63	 	 	93.37	 	 	94.11	 	 	94.84	 	 	95.58	 	 	96.32	 	 	97.05	 	 	97.79	 	 	98.53	 	 	99.26	 

 FEMALE PARTICIPANT (Table B) 
  

																																					
	  	  	MONTHS	 
	 YEARS
	  	0	 	 	1	 	 	2	 	 	3	 	 	4	 	 	5	 	 	6	 	 	7	 	 	8	 	 	9	 	 	10	 	 	11	 
	 55
	  	49.50	%	 	49.76	%	 	50.03	%	 	50.29	%	 	50.56	%	 	50.82	%	 	51.09	%	 	51.35	%	 	51.61	%	 	51.88	%	 	52.14	%	 	52.41	%
	 56
	  	52.67	 	 	52.96	 	 	53.25	 	 	53.54	 	 	53.83	 	 	54.12	 	 	54.41	 	 	54.69	 	 	54.98	 	 	55.27	 	 	55.56	 	 	55.85	 
	 57
	  	56.14	 	 	56.46	 	 	56.77	 	 	57.09	 	 	57.40	 	 	57.72	 	 	58.03	 	 	58.35	 	 	58.66	 	 	58.98	 	 	59.29	 	 	59.61	 
	 58
	  	59.92	 	 	60.27	 	 	60.61	 	 	60.96	 	 	61.31	 	 	61.65	 	 	62.00	 	 	62.35	 	 	62.69	 	 	63.04	 	 	63.39	 	 	63.73	 
	 59
	  	64.08	 	 	64.46	 	 	64.84	 	 	65.22	 	 	65.60	 	 	65.98	 	 	66.36	 	 	66.74	 	 	67.12	 	 	67.50	 	 	67.88	 	 	68.26	 
	 60
	  	68.64	 	 	69.06	 	 	69.48	 	 	69.90	 	 	70.32	 	 	70.74	 	 	71.16	 	 	71.57	 	 	71.99	 	 	72.41	 	 	72.83	 	 	73.25	 
	 61
	  	73.67	 	 	74.13	 	 	74.60	 	 	75.06	 	 	75.53	 	 	75.99	 	 	76.46	 	 	76.92	 	 	77.38	 	 	77.85	 	 	78.31	 	 	78.78	 
	 62
	  	79.24	 	 	79.76	 	 	80.27	 	 	80.79	 	 	81.30	 	 	81.82	 	 	82.33	 	 	82.85	 	 	83.36	 	 	83.88	 	 	84.39	 	 	84.91	 
	 63
	  	85.42	 	 	85.99	 	 	86.57	 	 	87.14	 	 	87.72	 	 	88.29	 	 	88.87	 	 	89.44	 	 	90.01	 	 	90.59	 	 	91.16	 	 	91.74	 
	 64
	  	92.31	 	 	92.95	 	 	93.59	 	 	94.23	 	 	94.87	 	 	95.51	 	 	96.15	 	 	96.80	 	 	97.44	 	 	98.08	 	 	98.72	 	 	99.36	 

  

 62 

 SUPPLEMENTAL 6 
 FOOD PROCESSING MACHINERY DIVISION, SAN JOSE, CALIFORNIA 
  

	6-1	Eligible Employees 

 The terms of this
Supplement apply only to individuals participating in the FMC Corporation Retirement Plan for San Jose Commercial Segment Hourly Employees (“Prior Plan”) on the Freeze Date who were a part of the Food Processing Division and who have not
yet received a full distribution of their benefit under such Prior Plan as of the Effective Date (“Participant”). 
  

	6-2	Freeze Date 

 Effective December 31,
1980 (“Freeze Date”), the Participants had their benefits in the Prior Plan frozen. No new Participants entered the Prior Plan after the Freeze Date, and no benefits accrued to any Participants under the Prior Plan after the Freeze Date.

  

	6-3	Actuarial Equivalent 

 Actuarial
Equivalent, other than for purposes of Section 12.8 of the Plan, shall be determined based on the 1951 Group Annuity Mortality Table and 3.5% interest compounded annually. 
  

	6-4	Normal Retirement Date 

 Normal Retirement
Date means the first day of the month coinciding with or next following the Participant’s 65th birthday. 
  

	6-5	Normal Retirement Benefit 

 A
Participant’s monthly Normal Retirement Benefit shall be the Participant’s monthly normal retirement benefit accrued under the Prior Plan as of the Freeze Date. 
  

	6-6	Early Retirement Date 

 Early Retirement
Date means the later of the Participant’s 55th birthday and the date the Participant acquires 15 Years of Vesting Service. 
  

	6-7	Early Retirement Reduction Factor 

 If a
Participant’s Early Retirement Benefit commences prior to age 65, the Participant’s Early Retirement Benefit shall be reduced to the Actuarial Equivalent of the Participant’s Normal Retirement Benefit in accordance with Tables A or B
attached hereto. 
  

	6-8	Termination Benefits Reduction Factor 

  

 63 

 Based on Age of Participant on Commencement of Early Retirement Benefit 
 MALE PARTICIPANT (Table A) 
  

																																					
	  	  	MONTHS	 
	 YEARS
	  	0	 	 	1	 	 	2	 	 	3	 	 	4	 	 	5	 	 	6	 	 	7	 	 	8	 	 	9	 	 	10	 	 	11	 
	 55
	  	44.74	%	 	45.01	%	 	45.28	%	 	45.56	%	 	45.83	%	 	46.10	%	 	46.37	%	 	46.64	%	 	46.91	%	 	47.19	%	 	47.46	%	 	47.73	%
	 56
	  	48.00	 	 	48.30	 	 	48.60	 	 	48.90	 	 	49.20	 	 	49.50	 	 	49.80	 	 	50.09	 	 	50.39	 	 	50.69	 	 	50.99	 	 	51.29	 
	 57
	  	51.59	 	 	51.92	 	 	52.25	 	 	52.58	 	 	52.91	 	 	53.24	 	 	53.57	 	 	53.91	 	 	54.24	 	 	54.57	 	 	54.90	 	 	55.23	 
	 58
	  	55.56	 	 	55.93	 	 	56.30	 	 	56.66	 	 	57.03	 	 	57.40	 	 	57.77	 	 	58.13	 	 	58.50	 	 	58.87	 	 	59.24	 	 	59.60	 
	 59
	  	59.97	 	 	60.38	 	 	60.79	 	 	61.19	 	 	61.60	 	 	62.01	 	 	62.42	 	 	62.83	 	 	63.24	 	 	63.64	 	 	64.05	 	 	64.46	 
	 60
	  	64.87	 	 	65.33	 	 	65.78	 	 	66.24	 	 	66.69	 	 	67.15	 	 	67.60	 	 	68.06	 	 	68.52	 	 	68.97	 	 	69.43	 	 	69.88	 
	 61
	  	70.34	 	 	70.85	 	 	71.36	 	 	71.88	 	 	72.39	 	 	72.90	 	 	73.41	 	 	73.92	 	 	74.43	 	 	74.95	 	 	75.46	 	 	75.97	 
	 62
	  	76.48	 	 	77.06	 	 	77.63	 	 	78.21	 	 	78.78	 	 	79.36	 	 	79.93	 	 	80.51	 	 	81.08	 	 	81.66	 	 	82.23	 	 	82.81	 
	 63
	  	83.38	 	 	84.03	 	 	84.68	 	 	85.32	 	 	85.97	 	 	86.62	 	 	87.27	 	 	87.92	 	 	88.57	 	 	89.21	 	 	89.86	 	 	90.51	 
	 64
	  	91.16	 	 	91.90	 	 	92.63	 	 	93.37	 	 	94.11	 	 	94.84	 	 	95.58	 	 	96.32	 	 	97.05	 	 	97.79	 	 	98.53	 	 	99.26	 

 FEMALE PARTICIPANT (Table B) 
  

																																					
	  	  	MONTHS	 
	 YEARS
	  	0	 	 	1	 	 	2	 	 	3	 	 	4	 	 	5	 	 	6	 	 	7	 	 	8	 	 	9	 	 	10	 	 	11	 
	 55
	  	49.50	%	 	49.76	%	 	50.03	%	 	50.29	%	 	50.56	%	 	50.82	%	 	51.09	%	 	51.35	%	 	51.61	%	 	51.88	%	 	52.14	%	 	52.41	%
	 56
	  	52.67	 	 	52.96	 	 	53.25	 	 	53.54	 	 	53.83	 	 	54.12	 	 	54.41	 	 	54.69	 	 	54.98	 	 	55.27	 	 	55.56	 	 	55.85	 
	 57
	  	56.14	 	 	56.46	 	 	56.77	 	 	57.09	 	 	57.40	 	 	57.72	 	 	58.03	 	 	58.35	 	 	58.66	 	 	58.98	 	 	59.29	 	 	59.61	 
	 58
	  	59.92	 	 	60.27	 	 	60.61	 	 	60.96	 	 	61.31	 	 	61.65	 	 	62.00	 	 	62.35	 	 	62.69	 	 	63.04	 	 	63.39	 	 	63.73	 
	 59
	  	64.08	 	 	64.46	 	 	64.84	 	 	65.22	 	 	65.60	 	 	65.98	 	 	66.36	 	 	66.74	 	 	67.12	 	 	67.50	 	 	67.88	 	 	68.26	 
	 60
	  	68.64	 	 	69.06	 	 	69.48	 	 	69.90	 	 	70.32	 	 	70.74	 	 	71.16	 	 	71.57	 	 	71.99	 	 	72.41	 	 	72.83	 	 	73.25	 
	 61
	  	73.67	 	 	74.13	 	 	74.60	 	 	75.06	 	 	75.53	 	 	75.99	 	 	76.46	 	 	76.92	 	 	77.38	 	 	77.85	 	 	78.31	 	 	78.78	 
	 62
	  	79.24	 	 	79.76	 	 	80.27	 	 	80.79	 	 	81.30	 	 	81.82	 	 	82.33	 	 	82.85	 	 	83.36	 	 	83.88	 	 	84.39	 	 	84.91	 
	 63
	  	85.42	 	 	85.99	 	 	86.57	 	 	87.14	 	 	87.72	 	 	88.29	 	 	88.87	 	 	89.44	 	 	90.01	 	 	90.59	 	 	91.16	 	 	91.74	 
	 64
	  	92.31	 	 	92.95	 	 	93.59	 	 	94.23	 	 	94.87	 	 	95.51	 	 	96.15	 	 	96.80	 	 	97.44	 	 	98.08	 	 	98.72	 	 	99.36	 

  

 64

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00144-of-00352.parquet"}]]