Document:

401(K) SAVINGS PLAN

 Exhibit 4.5 
  

  
 DOMINO’S PIZZA WRIGHTSAVER PLAN 
  
 (AMENDED
AND RESTATED 
  
 EFFECTIVE AS OF JANUARY 1, 1997 
  
 EXCEPT AS OTHERWISE PROVIDED) 
  

 DOMINO’S PIZZA WRIGHTSAVER PLAN 
  
 TABLE OF CONTENTS 
  

			
	 	  	PAGE

		
	 ARTICLE I DEFINITIONS
	  	2
		
	 “Account”
	  	2
		
	 “Fail-Safe Contribution Account”
	  	2
		
	 “Matching Contribution Account”
	  	2
		
	 “Profit Sharing Account”
	  	2
		
	 “Rollover Account”
	  	2
		
	 “Salary Reduction Account”
	  	3
		
	 “Transfer Account”
	  	3
		
	 “Active Participant”
	  	3
		
	 “Actual Deferral Percentage”
	  	3
		
	 “Actuarial Equivalent”
	  	4
		
	 “Administrative Delegate”
	  	4
		
	 “Affiliated Company”
	  	4
		
	 “Age”
	  	5
		
	 “Alternate Payee”
	  	5
		
	 “Average Actual Deferral Percentage”
	  	5
		
	 “Average Contribution Percentage”
	  	5
		
	 “Benefit Commencement Date”
	  	5
		
	 “Board of Directors”
	  	5
		
	 “Break in Service”
	  	5
		
	 “Code”
	  	6
		
	 “Committee”
	  	6
		
	 “Company”
	  	6
		
	 “Compensation”
	  	6
		
	 “Contribution Percentage”
	  	8
		
	 “Covered Employee”
	  	9
		
	 “Effective Date”
	  	10
		
	 “Eligible Employee”
	  	10
		
	 “Employee”
	  	10

  

 i 

			
		
	 “Employment Commencement Date”
	  	11
		
	 “Entry Date”
	  	11
		
	 “ERISA”
	  	11
		
	 “Fail-Safe Contributions”
	  	11
		
	 “Fund”
	  	11
		
	 “Highly Compensated Eligible Employee”
	  	11
		
	 “Highly Compensated Employee”
	  	11
		
	 “Hour of Service”
	  	13
		
	 “Investment Medium”
	  	15
		
	 “Limitation Year”
	  	15
		
	 “Matching Contributions”
	  	15
		
	 “Normal Retirement Age”
	  	15
		
	 “Normal Retirement Date”
	  	16
		
	 “Participant”
	  	16
		
	 “Participating Company”
	  	16
		
	 “Payroll Period”
	  	16
		
	 “Plan”
	  	16
		
	 “Plan Year”
	  	16
		
	 “Profit Sharing Contributions”
	  	16
		
	 “Profit Sharing Participant”
	  	16
		
	 “Qualified Domestic Relations Order”
	  	16
		
	 “Required Beginning Date”
	  	17
		
	 “Rollover Contributions”
	  	19
		
	 “Salary Reduction Contributions”
	  	19
		
	 “Separation from Service”
	  	19
		
	 “Spouse”
	  	19
		
	 “Total Disability”
	  	19
		
	 “Trust Agreement”
	  	19
		
	 “Trustee”
	  	19
		
	 “Valuation Date”
	  	19
		
	 “Year of Eligibility Service”
	  	19
		
	 “Year of Service”
	  	20

  

 ii 

					
	 ARTICLE II TRANSITION AND ELIGIBILITY TO PARTICIPATE
	  	21
			
	 2.1
	  	Rights Affected and Preservation of Accrued Benefit	  	21
			
	 2.2
	  	Year of Eligibility Service	  	21
			
	 2.3
	  	Eligibility to Participate—Salary Reduction Contributions	  	22
			
	 2.4
	  	Election to Make Salary Reduction Contributions	  	24
			
	 2.5
	  	Participation in Matching Contributions	  	24
			
	 2.6
	  	Eligibility to Participate—Profit Sharing Contributions	  	24
			
	 2.7
	  	Participation in Profit Sharing Contributions	  	25
			
	 2.8
	  	Participation in Fail-Safe Contributions	  	25
			
	 2.9
	  	Eligibility to Participate—Rollover Contributions	  	25
			
	 2.10
	  	Data	  	25
		
	 ARTICLE III CONTRIBUTIONS TO THE PLAN
	  	26
			
	 3.1
	  	Salary Reduction Contributions	  	26
			
	 3.2
	  	Change of Percentage Rate	  	28
			
	 3.3
	  	Discontinuance of Salary Reduction Contributions	  	28
			
	 3.4
	  	Matching Contribution	  	28
			
	 3.5
	  	Profit Sharing Contribution	  	29
			
	 3.6
	  	Fail-Safe Contribution	  	31
			
	 3.7
	  	Timing and Deductibility of Contributions	  	31
			
	 3.8
	  	Fund	  	32
			
	 3.9
	  	Limitation on Salary Reduction Contributions and Matching Contributions	  	32
			
	 3.10
	  	Prevention of Violation of Limitation on Salary Reduction Contributions and Matching Contributions	  	35
			
	 3.11
	  	Maximum Allocation	  	42
			
	 3.12
	  	Reemployment of Veterans	  	45
		
	 ARTICLE IV PARTICIPANTS’ ACCOUNTS
	  	49
			
	 4.1
	  	Accounts	  	49
			
	 4.2
	  	Valuation	  	49
			
	 4.3
	  	Apportionment of Gain or Loss	  	49
			
	 4.4
	  	Accounting for Allocations	  	49

  

 iii 

					
	 ARTICLE V DISTRIBUTION
	  	50
			
	 5.1
	  	General	  	50
			
	 5.2
	  	Separation from Service	  	50
			
	 5.3
	  	Death	  	50
			
	 5.4
	  	Total Disability	  	50
			
	 5.5
	  	Valuation for Distribution	  	51
			
	 5.6
	  	Timing of Distribution	  	52
			
	 5.7
	  	Mode of Distribution	  	54
			
	 5.8
	  	Beneficiary Designation	  	56
			
	 5.9
	  	Recalculation of Life Expectancy	  	58
			
	 5.10
	  	Transfer of Account to Other Plan	  	58
			
	 5.11
	  	Distribution of Transfer Account	  	60
			
	 5.12
	  	Optional Modes of Distribution of Transfer Account	  	71
			
	 5.13
	  	Other Distributions	  	73
		
	 ARTICLE VI VESTING
	  	75
			
	 6.1
	  	Nonforfeitable Amounts	  	75
			
	 6.2
	  	Years of Service for Vesting	  	75
			
	 6.3
	  	Breaks in Service and Loss of Service	  	75
			
	 6.4
	  	Restoration of Service	  	77
			
	 6.5
	  	Forfeitures and Restoration of Forfeited Amounts upon Reemployment	  	77
			
	 6.6
	  	Amendment of Vesting Schedule	  	79
		
	 ARTICLE VII ROLLOVER CONTRIBUTIONS
	  	81
			
	 7.1
	  	Rollover Contributions	  	81
			
	 7.2
	  	Vesting of Rollover Account	  	82
			
	 7.3
	  	Distribution of Rollover Account	  	82
		
	ARTICLE VIII WITHDRAWALS	  	83
			
	 8.1
	  	Withdrawals of Rollover Contributions	  	83
			
	 8.2
	  	Hardship Withdrawals	  	83
			
	 8.3
	  	Withdrawals On and After Attainment of Age 59-1/2	  	86
			
	 8.4
	  	Amount and Payment of Withdrawals	  	86

  

 iv 

					
	 8.5
	  	Withdrawals Not Subject to Replacement	  	87
			
	 8.6
	  	Pledged Amounts	  	87
			
	 8.7
	  	Investment Medium to be Charged with Withdrawal	  	87
		
	 ARTICLE IX LOANS TO PARTICIPANTS
	  	87
			
	 9.1
	  	Loan Application	  	87
			
	 9.2
	  	Loan Approval	  	88
			
	 9.3
	  	Amount of Loan	  	88
			
	 9.4
	  	Terms of Loan	  	89
			
	 9.5
	  	Enforcement	  	92
			
	 9.6
	  	Additional Rules	  	93
		
	ARTICLE X ADMINISTRATION	  	93
			
	 10.1
	  	Committee	  	93
			
	 10.2
	  	Duties and Powers of Committee	  	94
			
	 10.3
	  	Functioning of Committee	  	96
			
	 10.4
	  	Disputes	  	96
			
	 10.5
	  	Indemnification	  	97
		
	ARTICLE XI THE FUND	  	99
			
	 11.1
	  	Designation of Trustee	  	99
			
	 11.2
	  	Exclusive Benefit	  	99
			
	 11.3
	  	No Interest in Fund	  	99
			
	 11.4
	  	Trustee	  	99
			
	 11.5
	  	Investments	  	99
		
	 ARTICLE XII AMENDMENT OR TERMINATION OF THE PLAN
	  	101
			
	 12.1
	  	Power of Amendment and Termination	  	101
			
	 12.2
	  	Merger	  	102
		
	 ARTICLE XIII TOP-HEAVY PROVISIONS
	  	103
			
	 13.1
	  	General	  	103
			
	 13.2
	  	Definitions	  	103

  

 v 

					
			
	 13.3
	  	Minimum Contribution for Non-Key Employees	  	108
			
	 13.4
	  	Vesting	  	110
			
	 13.5
	  	Adjustment to Maximum Benefit Limitation	  	110
		
	ARTICLE XIV RIGHTS OF ALTERNATE PAYEES	  	111
			
	 14.1
	  	General	  	111
			
	 14.2
	  	Distribution	  	112
			
	 14.3
	  	Withdrawals	  	113
			
	 14.4
	  	Death Benefits	  	113
		
	 ARTICLE XV
	  	114
			
	 15.1
	  	General	  	114
			
	 15.2
	  	Separate Testing	  	114
			
	 15.3
	  	Other Rules	  	114
			
	 15.4
	  	Participation by Metro-Detroit Pizza, Inc.	  	115
		
	ARTICLE XVI GENERAL PROVISIONS	  	116
			
	 16.1
	  	No Employment Rights	  	116
			
	 16.2
	  	Governing Law	  	116
			
	 16.3
	  	Severability of Provisions	  	116
			
	 16.4
	  	No Interest in Fund	  	116
			
	 16.5
	  	Spendthrift Clause	  	116
			
	 16.6
	  	Incapacity	  	119
			
	 16.7
	  	Withholding	  	119
			
	 16.8
	  	Missing Persons	  	119

  

 vi 

 WHEREAS, Domino’s Pizza, LLC, as successor sponsor to Domino’s Pizza, Inc. (the
“Company”), maintains the Domino’s Pizza Wrightsaver Plan (the “Plan”), which was previously amended and restated effective January 1, 1989 and subsequently amended as of the following dates: 
  

			
	 First Amendment
	  	January 1, 1989
	 Second Amendment
	  	January 1, 1996
	 Third Amendment
	  	July 1, 1996
	 Fourth Amendment
	  	July 1, 1996
	 Fifth Amendment
	  	July 1, 1999

  
 the Plan as so amended being
hereinafter called the “Amended Plan”; and 
  
 WHEREAS,
the Company desires to amend and restate the Amended Plan to incorporate the First through Fifth Amendments and to bring the Plan into compliance with requirements of the Employee Retirement Income Security Act of 1974, as amended, and with the
Internal Revenue Code of 1986, as amended; 
  
 NOW, THEREFORE:

  
 1. The Amended Plan is hereby amended and restated in its
entirety to read as set forth in this document. 
  
 2. No benefit
provided under the Plan protected by Section 411(d)(6) of the Code shall be eliminated by the adoption of this document, and this document shall be construed and administered so as to comply with such Code Section and Regulations. 
  
 3. This document shall be effective for Plan Years beginning on and after
January 1, 1997, except as otherwise expressly provided in this document. 

 ARTICLE I 
 DEFINITIONS 
  
 1.1 Except
where otherwise clearly indicated by context, the masculine shall include the feminine and the singular shall include the plural, and vice-versa. Any term used herein without an initial capital letter that is used in a provision of the Code with
which this Plan must comply to meet the requirements of section 401(a) of the Code shall be interpreted as having the meaning used in such provision of the Code, if necessary for the Plan to comply with such provision. 
  
 “Account” means the entries maintained in the records of the
Trustee which represent the Participant’s interest in the Fund. The term “Account” shall refer, as the context indicates, to any or all of the following: 
  
 “Fail-Safe Contribution Account” means the Account to which are credited Fail-Safe Contributions allocated
to a Participant, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto. 
  
 “Matching Contribution Account” means the Account to which are credited Matching Contributions allocated to a Participant, adjustments
for withdrawals and distributions, and the earnings, losses and expenses attributable thereto. 
  
 “Profit Sharing Account” means the Account to which are credited Profit Sharing Contributions allocated to a Participant, adjustments for withdrawals and distributions, and the earnings, losses and
expenses attributable thereto. 
  
 “Rollover
Account” means the Account to which are credited a Participant’s Rollover Contributions, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto. 
  

 2 

 “Salary Reduction Account” means the Account to which are credited a Participant’s
Salary Reduction Contributions, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto. 
  
 “Transfer Account” means the Account to which is credited any amount that was transferred on a Participant’s behalf from the Thomas
S. Monaghan, Inc. Tax Deferred Savings Plan, adjustments for withdrawals and distributions, and the earnings, losses and expenses attributable thereto. 
  
 “Active Participant” means an individual who has become an Active Participant as provided in Article II and has remained a Covered
Employee at all times thereafter. 
  
 “Actual Deferral
Percentage” means, for any Eligible Employee for a given Plan Year, the ratio of a to b, where: 
  

	 	“a”	represents the sum of: 

  
 (1) such Eligible Employee’s Salary Reduction Contributions for the Plan Year, plus 
  
 (2) in the case of any Highly Compensated Eligible Employee,
his elective deferrals for the year under any other qualified retirement plan, other than an employee stock ownership plan as defined in section 4975(e)(7) of the Code or a tax credit employee stock ownership plan as defined in section 409(a) of the
Code, maintained by the Participating Company or any Affiliated Company, plus 
  
 (3) at the election of the Committee, any portion of the Eligible Employee’s Matching Contributions required or permitted to be taken into account under section 401(k) of the Code and the regulations issued
thereunder, plus 
  

 3 

 (4) at the election of the Committee, any portion of the Eligible Employee’s
Fail-Safe Contributions required or permitted to be taken into account under section 401(k) of the Code and the regulations issued thereunder; and 
  

	 	“b”	represents the Eligible Employee’s Compensation for the Plan Year, calculated to the nearest one hundredth of one percent. 

  
 “Actuarial Equivalent” means, with respect to any benefit or
item, a benefit or item of equal actuarial value, based upon the factors and assumptions used by the insurance company from whom the Committee directs the purchase of any annuity contracts for the purpose of providing benefits under the Plan for any
Employee who has a Transfer Account. 
  
 “Administrative
Delegate” means one or more persons or institutions to whom, or to which, the Committee, pursuant to a written agreement, has delegated certain administrative functions. 
  
 “Affiliated Company” means, with respect to any Participating Company, (a) any corporation that is a member
of a controlled group of corporations, as determined under section 414(b) of the Code, which includes such Participating Company; (b) any member of an affiliated service group, as determined under section 414(m) of the Code, of which such
Participating Company is a member; (c) any trade or business (whether or not incorporated) that is under common control with such Participating Company, as determined under section 414(c) of the Code; and (d) any other organization or entity which
is required to be aggregated with the Participating Company under section 414(o) of the Code and regulations issued thereunder. “50% Affiliated Company” means an Affiliated Company, but determined with “more than 

  

 4 

 
50%” substituted for the phrase “at least 80%” in section 1563(a) of the Code, when applying sections 414(b) and (c) of the Code. 

 
 “Age” means, for any individual, his age on his last
birthday, except that an individual attains Age 59-1/2 or Age 70-1/2 on the corresponding date in the sixth calendar month following the month in which his 59th or 70th (respectively) birthday falls (or the last day of such sixth month if there is
no such corresponding date therein). 
  
 “Alternate
Payee” shall mean any Spouse, former Spouse, child or other dependent of a Participant who is recognized by a domestic relations order (within the meaning of section 414(p)(1)(B) of the Code) as having a right to receive all, or a portion
of, the benefits payable under the Plan with respect to such Participant. 
  
 “Average Actual Deferral Percentage” means, for a specified group of Eligible Employees for a Plan Year, the average of the Actual Deferral Percentages for such Eligible Employees for the Plan Year.

  
 “Average Contribution Percentage” means, for
a specified group of Eligible Employees for a Plan Year, the average of the Contribution Percentages for such Eligible Employees for the Plan Year. 
  
 “Benefit Commencement Date” means, for any Participant or beneficiary, the date as of which the first benefit payment, including a single
sum, from the Participant’s Account is due, other than pursuant to a withdrawal under Article VIII. 
  
 “Board of Directors” means the board of directors (or other governing body) of the Company. 
  
 “Break in Service” means, for any Employee, any Plan Year
described in Section 6.3. 
  

 5 

 “Code” means the Internal Revenue Code of 1986, as amended, and any regulations issued
thereunder. 
  
 “Committee” means the individuals
appointed by the Board of Directors (if any) or by the Company to supervise the administration of the Plan, as provided in Article X. 
  
 “Company” means Domino’s Pizza, LLC, and its successors. 
  
 “Compensation” means, for any Eligible Employee, for any applicable period: 
  

	 	(a)	except as otherwise provided below in this definition, and subject to the limitations set forth in Subsection (e) of this definition, the sum of (1) the amount of his wages from a
Participating Company during such Plan Year, as reported on Form W-2, excluding, however, Compensation paid in kind, reimbursements or other expense allowances, fringe benefits, moving expenses, deferred compensation and welfare benefits (and also
excluding, for purposes of Section 3.1(a) only, Christmas and other gifts, safety bonuses, suggestion awards, and severance pay) and (2) Salary Reduction Contributions and salary deferrals under a plan described in section 125 of the Code during
such Plan Year.) 

  

	 	(b)	For the purposes of Article XIII and Section 3.11, subject to the limitations set forth in Subsection (e) of this definition, the Employee’s “compensation” as such
word is defined in Treasury regulations 1.415-2(d)(1) and (2). 

  

	 	(c)	 For the purposes of the definitions of “Actual Deferral Percentage” and “Contribution Percentage” in this Article (except as otherwise provided
in such definitions), and subject to the limitations set forth in Subsection (e) of this definition, compensation as defined in section 414(s) of the Code as determined by the Committee and applied on a uniform and consistent basis to all Eligible

  

 6 

	 	 
Employees, provided that, in the sole discretion of the Committee, Compensation may include Salary Reduction Contributions and other amounts excluded from
gross income under section 125, 402(e)(3), 402(h), 403(b) or 457 of the Code [or, for Plan Years beginning on and after January 1, 2001, under Code Section 132(f)(4)]. In monitoring Salary Reduction Contributions or Matching Contributions for a
Highly Compensated Employee during a Plan Year, to assure that applicable contribution limits will not be exceeded for such Plan Year, the Committee may permit Compensation in excess of the $150,000 (adjusted) annual compensation limit to be a
source of such Contributions, provided that (a) the limits on a Participant’s maximum Salary Reduction Contribution (Section 3.9(a)) and General Limitations on Allocations (Section 3.11(a)) shall continue to apply to such Participant and (b)
the determinations of such Participant’s Actual Deferral Percentages and Actual Contribution Percentages (Section 3.9) shall each be based on a fraction whose denominator does not exceed the applicable $150,000 (adjusted) annual compensation
limit. 

  
 For the purpose of this Subsection
(c), the Company may elect to consider only compensation as defined above for that portion of the Plan Year during which the Employee was an Eligible Employee, provided that this election is applied uniformly to all Eligible Employees for the Plan
Year. 
  

	 	(d)	 For the purpose of the definition of “Highly Compensated Employee” in this Article (except as otherwise provided in such definition), the Employee’s
“compensation” as such word is defined in Treasury regulations 1.415-2(d)(1) and (2), but including amounts that are excluded from gross income under section 

  

 7 

	 	 
125, 402(e)(3), 402(h), 403(b) or 457 of the Code [or, for Plan Years beginning on and after January 1, 2001, under Code Section 132(f)(4)].

  

	 	(e)	The compensation of each Employee taken into account under the Plan for the purposes described above shall not exceed the OBRA ‘93 annual compensation limit. The OBRA ‘93
annual compensation limit is $150,000, as adjusted by the Commissioner for increases in the cost-of-living in accordance with Section 401(a)(17)(B) of the Code. The cost-of-living adjustment in effect for a calendar year applies to any period, not
exceeding 12 months, over which compensation is determined (determination period) beginning in such calendar year. If a determination period consists of fewer than 12 months, the OBRA ‘93 annual compensation limit will be multiplied by a
fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12. Any reference in this Plan to the limitation under Section 401(a)(17) of the Code shall mean the OBRA ‘93 annual
compensation limit set forth in this provision. 

  
 “Contribution Percentage” means, for any Eligible Employee for a given Plan Year, the ratio of a to b, where: 
  

	 	“a”	represents the sum of 

  
 (1) such Eligible Employee’s Matching Contributions for the Plan Year (to the extent not included in such Eligible Employee’s
Actual Deferral Percentage for such Plan Year), plus 
  
 (2) in the case of any Highly Compensated Eligible Employee, any employee contributions and employer matching contributions, including any 
  

 8 

 elective deferrals recharacterized as employee contributions, under any other qualified retirement plan,
other than an employee stock ownership plan as defined in section 4975(e)(7) of the Code or a tax credit employee stock ownership plan as defined in section 409(a) of the Code, maintained by the Participating Company or any Affiliated Company, plus

  
 (3) at the election of the Committee, any
portion of the Eligible Employee’s Fail-Safe Contributions required or permitted to be taken into account in accordance with section 401(m) of the Code and the regulations issued thereunder, plus 
  
 (4) at the election of the Committee, any portion of the
Eligible Employee’s Salary Reduction Contributions for the Plan Year or elective deferrals under any other qualified retirement plan maintained by a Participating Company or any Affiliated Company that may be disregarded without causing this
Plan or such other qualified retirement plan to fail to satisfy the requirements of section 401(k)(3) of the Code and the regulations issued thereunder; and 
  
 “b” represents the Eligible Employee’s Compensation for the Plan Year, calculated to the nearest one hundredth of one percent. 

 
 “Covered Employee” means any Employee who (a) is employed
by a Participating Company, and (b) is not covered by a collective bargaining agreement, unless such agreement specifically provides for participation hereunder, and (c) is a resident or citizen of the United States of America. An Employee who is
such solely by reason of being a leased employee shall not be a Covered Employee. 
  

 9 

 “Effective Date” means January 1, 1997, the effective date of this amended and restated
Plan document. 
  
 “Eligible Employee” means an
Employee who has become an Eligible Employee as set forth in Section 2.3, whether or not he is an Active Participant, and who has remained a Covered Employee at all times thereafter. 
  
 “Employee” means an individual who is employed by a Participating Company or an Affiliated Company. An
individual who is not otherwise employed by a Participating Company or Affiliated Company shall be deemed to be employed by such Company if he is a leased employee with respect to whose services such Participating Company or Affiliated Company is
the recipient within the meaning of Code section 414(n) or 414(o), but to whom Code section 414(n)(5) does not apply. Leased employee means any person who is not an employee of the Company or an Affiliated Company (in this paragraph any of such
Companies being referred to as the “recipient”) and who provides services to the recipient if (i) such services are provided pursuant to an agreement between the recipient and any other person (in this paragraph called the “leasing
organization”), (ii) such person has performed such services for the recipient (or for the recipient and related persons) on a substantially full-time basis for a period of at least one year, and (iii) such services are performed under primary
direction or control by the recipient. Contributions or benefits provided by the leasing organization which are attributable to services performed for the recipient shall be treated as provided by the recipient. However, a leased employee shall not
be considered an Employee if (i) such employee is covered by a money purchase pension plan providing (aa) a nonintegrated employer contribution rate of at least 10% of compensation, as defined in Section 415(c)(3) of the Code, but including amounts
contributed pursuant to a salary reduction agreement which are excludable from the employee’s gross 

  

 10 

 
income under Section 125, Section 402(h)(8), Section 402(h), Section 403(b) or Section 457 of the Code [or, for Plan Years beginning on and after January 1,
2001, under Code Section 132(f)(4)], (bb) immediate participation, and (cc) full and immediate vesting, and (ii) leased employees do not constitute more than 20% of the recipient’s nonhighly compensated work force. An individual rendering
services to the Company purportedly as an independent contractor shall not be treated as an Employee before the Company has acknowledged that it must withhold federal income tax from the individual’s compensation. 
  
 “Employment Commencement Date” means, for any Employee, the
date on which he is first entitled to be credited with an “Hour of Service” described in Paragraph (a)(1) of the definition of Hour of Service in this Article. 
  
 “Entry Date” means any January 1 or July 1 of any Plan Year, provided that, effective for months beginning
on and after July 1, 1999, “Entry Date” means the first business day of each calendar month during a Plan Year. 
  
 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 
  
 “Fail-Safe Contributions” means the amounts contributed by a
Participating Company pursuant to Section 3.6. 
  
 “Fund” means the fund established for this Plan, administered under the Trust Agreement, out of which benefits payable under this Plan shall be paid. 
  
 “Highly Compensated Eligible Employee” means an Eligible Employee who is (or is treated as) a Highly
Compensated Employee. 
  
 “Highly Compensated
Employee” means any Employee of a participating Company or an Affiliated Company who - 
  

 11 

	 	(a)	Was a 5-percent owner as defined in Code Section 416(i)(1)(A)(iii) at any time during the Plan Year (the “Determination Year”) or preceding twelve month period (the
“Look-Back Year”), or 

  

	 	(b)	For the Look-Back Year received compensation from a Participating Company or an Affiliated Company in excess of $80,000, as indexed, and was in the top-paid group of employees for
the Look-Back Year, provided that the “top-paid group election” made by the inclusion of this paragraph in the Plan must apply consistently to the same Plan Years of all plans of a Participating Company and any Affiliated Company (other
than multiemployer plans) that begin with or within the same calendar year. “Top paid group” means the group consisting of the top 20 percent of employees when ranked on the basis of Plan Year compensation. For purposes of determining the
number of employees in the top-paid group, those employees described in Code Section 414(q)(5) shall be excluded. 

  
 As used above in this definition of Highly Compensated Employee, “compensation”, means Compensation (as defined in this Section 1.1 except that
for any Plan Year beginning after December 31, 1996 and before January 1, 1998 such compensation shall mean compensation as defined in Code Section 415(c)(3) as then in effect but determined without regard to Code Sections 125,
 402(e)(3),
402(h)(1)(B) and in the case of employer contributions made pursuant to a salary reduction agreement, without regard to Code Section 403(b) [and, for Plan Years beginning on and after January 1, 2001, without regard to Code Section 132(f)(4)].

  
 In determining whether an Employee is a 5-percent owner as
defined in Code Section 416(i)(l)(A)(iii), certain family members are considered under Code Sections 416(i)(1)(B) and 
  

 12 

 318 to own the outstanding stock of the Company owned directly or indirectly by other family members. As a result,
Employees who do not directly own 5 percent of the outstanding stock of the Company may be treated as 5-percent owners and hence as Highly Compensated Employees. 
  
 A former Employee who Separated from Service with a Participating Company or an Affiliated Company prior to the Plan Year
for which the determination of Highly Compensated Employees is being made shall be treated as a Highly Compensated Employee if such Employee was a Highly Compensated Employee in the Plan Year of separation or in any Plan Year ending on or after the
Employee’s 55th birthday, in accordance with the rules applicable to determining Highly Compensated Employee status in effect for such Plan Year. 
  
 Notwithstanding the foregoing provisions of this definition of Highly Compensated Employee, any transition relief granted by the Internal Revenue Service
or applicable law in connection with the changes in this definition which are effective for Plan Years beginning after December 31, 1996 shall be available to the Plan. 
  
 “Hour of Service” means, for any Employee, a credit awarded with respect to: 
  

	 	(a)	except as provided in (b) or (c), 

  
 (1) each hour for which he is directly or indirectly paid or entitled to payment by a Participating Company or an Affiliated Company for
the performance of employment duties; or 
  
 (2)
each hour for which he is entitled, either by award or agreement, to back pay from a Participating Company or an Affiliated Company, irrespective of mitigation of damages; or 
  
 (3) each hour for which he is directly or indirectly paid or entitled to payment by a Participating Company
or an Affiliated Company on account of a 

  

 13 

 
period of time during which no duties are performed due to vacation, holiday, illness, incapacity (including disability), jury duty, layoff, leave of
absence, or military duty; or 
  
 (4) each hour
credited pursuant to Section 6.3. 
  

	 	(b)	For any period that includes any hours for which an Hour of Service would otherwise be credited to an Employee under (a), above, the Committee may, in accordance with rules applied
in a uniform and non-discriminatory manner, elect instead to credit Hours of Service using one or more of the following equivalencies: 

  

			
	 Basis Upon Which Records
 Are Maintained

	  	 Credit Granted to Individual
 For Period

	 Shift
	  	actual hours for full shift
	 Day
	  	10 Hours of Service
	 Week
	  	45 Hours of Service
	 semi-monthly period
	  	95 Hours of Service
	 month
	  	190 Hours of Service

  

	 	(c)	Anything to the contrary in Subsection (a) or (b) notwithstanding: 

  
 (1) No Hours of Service shall be credited to an Employee for any period merely because, during such period, payments are made or due him
under a plan maintained solely for the purpose of complying with applicable workers’ compensation, unemployment compensation, or disability insurance laws. 
  
 (2) No more than 501 Hours of Service shall be credited to an Employee under Paragraph (a)(3) of this
definition on account of any single 

  

 14 

 
continuous period during which no duties are performed by him, except to the extent otherwise provided in the Plan. 
  
 (3) No Hours of Service shall be credited to an Employee
with respect to payments solely to reimburse for medical or medically related expenses. 
  
 (4) No Hours of Service shall be credited twice. 
  

(5) Hours of Service shall be credited at least as liberally as required by the rules set forth in U.S. Department of Labor regulations
2530.200b-2(b) and (c). 
  
 (6) In the case of an
Employee who is such solely by reason of service as a leased employee within the meaning of section 414(n) or 414(o) of the Code, Hours of Service shall be credited as if such Employee were employed and paid with respect to such service (or with
respect to any related absences or entitlements) by the Participating Company or Affiliated Company that is the recipient thereof. 
  
 “Investment Medium” means any fund, contract, obligation, or other mode of investment to which a Participant may direct the investment of
the assets of his Account. 
  
 “Limitation Year”
means the Plan Year or such other 12-consecutive-month period as may be designated by the Company. 
  
 “Matching Contributions” means the amounts contributed by the Company pursuant to Section 3.4. 
  
 “Normal Retirement Age” means, for any Participant who does
not have a Transfer Account, Age 65. For any Participant who has a Transfer Account, Normal Retirement Age 

  

 15 

 
means the Participant’s Age as of the January 1 next following the calendar year in which the Participant attains Age 59-1/2. 
  
 “Normal Retirement Date” means, for any Participant, the
first day of the month coincident with or next following his attainment of Normal Retirement Age. 
  
 “Participant” means an individual for whom one or more Accounts are maintained under the Plan. 
  
 “Participating Company” means the Company and each other
organization which is authorized by the Board of Directors to adopt this Plan by action of its board of directors or other governing body. 
  
 “Payroll Period” means a weekly, bi-weekly, semi-monthly, or monthly pay period or such other standard pay period of the Participating
Company applicable to the class of Employees of which the Eligible Employee is a part. 
  
 “Plan” means the Domino’s Pizza Wrightsaver Plan, a profit sharing plan, as set forth herein. 
  
 “Plan Year” means each 12-consecutive month period that begins on January 1 and ends on the next following December 31. 
  
 “Profit Sharing Contributions” means the amounts contributed
by the Company pursuant to Section 3.5. 
  
 “Profit
Sharing Participant” means an individual who has become a Profit Sharing Participant as provided in Article II and remained a Covered Employee at all times thereafter. 
  
 “Qualified Domestic Relations Order” means a domestic relations order (within the meaning of section
414(p)(1)(B) of the Code) which creates or recognizes the existence of an Alternate Payee’s rights to, or assigns to an Alternate Payee the right to receive all or a portion of 

  

 16 

 
the benefits payable with respect to a Participant under the Plan, and is determined by the Committee to satisfy the requirements of section 414(p) of the
Code. 
  
 “Required Beginning Date” means, for
any Participant the applicable deadlines for payment, or commencement of payment, of any benefits under the Plan, as follows: 
  
 Unless the Participant otherwise elects, the 60th day after the close of the Plan Year in which occurs the latest of the following: 
  
 The date on which he attains the earlier of age 65 or Normal
Retirement Age; 
  
 The tenth anniversary of the
year in which he commenced participation in the Plan; or 
  
 His Separation from Service. 
  

	 	(a)	If the Participant under another provision of the Plan may elect to defer the payment, or commencement of payment, of benefits under the Plan beyond the latest of the foregoing
dates, such election shall be subject to (b) below and must be submitted to the Committee in writing, signed by the Participant, and must describe the benefit and the date on which payment of such benefit shall be made or shall commence.

  

	 	(b)	 Any benefits payable under the Plan to a Participant shall be paid, or shall begin to be paid, not later than April 1 of the calendar year following the calendar
year in which (i) the Participant attains age 70-1/2 or (ii) the Participant’s employment terminates, whichever is later, except in the case of a Participant who is a 5-percent owner (as defined in Code Section 416), clause (ii) above shall not
apply. A Participant who attained age 70-1/2 in 1996 and who did not retire from employment with a Participating Company by the end of 1996 may elect by 

  

 17 

	 	 
December 31, 1997 to defer payment or the commencement of payments of the benefits required under the terms of the Plan in existence in 1996 to be paid, or
to commence, between August 20, 1996 and December 31, 1997 until no later than April 1 following the calendar year in which the Participant retires from employment with a Participating Company. 

  

	 	(c)	With respect to distributions under the Plan made on or after September 1, 2001 for calendar years beginning on or after January 1, 2001, the Plan will apply the minimum
distribution requirements of section 401(a)(9) of the Internal Revenue Code in accordance with the regulations under Code Section 401(a)(9) that were proposed on January 17, 2001 (the 2001 Proposed Regulations), notwithstanding any provision of the
Plan to the contrary. If the total amount of required minimum distributions made to a participant for 2001 prior to September 1, 2001 are equal to or greater than the amount of required minimum distributions determined under the 2001 Proposed
Regulations, then no additional distributions are required for such participant for 2001 on or after such date. If the total amount of required minimum distributions made to a participant for 2001 prior to September 1, 2001 are less than the amount
determined under the 2001 Proposed Regulations, then the amount of required minimum distributions for 2001 on or after such date will be determined so that the total amount of required minimum distributions for 2001 is the amount determined under
the 2001 Proposed Regulations. This amendment shall continue in effect until the last calendar year beginning before the effective date of the final regulations under section 401(a)(9) or such other date as may be published by the Internal Revenue
Service. 

  

 18 

 “Rollover Contributions” means, for any Participant, his rollover contributions as
provided in Section 7.1. 
  
 “Salary Reduction
Contributions” means, for any Participant, contributions on his behalf as provided in Section 3.1(a). 
  
 “Separation from Service” means, for any Employee, his death, retirement, resignation, discharge or any absence that causes him to cease
to be an Employee. 
  
 “Spouse” means the person
to whom a Participant is married on any date of reference. 
  
 “Total Disability” means, with respect to any Participant, (a) a disability with respect to which he is eligible for and receiving benefits under a long-term disability program sponsored by the Company or Affiliated Company
or (b) in the case he is a member of a class of employees not covered under a long-term disability program sponsored by the Company or Affiliated Company, a disability to which his attending physician certifies would have entitled the Participant to
benefits under the Company’s long-term disability program if he was a member of a class of employees covered by such program. 
  
 “Trust Agreement” means any agreement and declaration of trust executed under this Plan. 
  
 “Trustee” means the corporate trustee or one or more
individuals collectively appointed and acting under the Trust Agreement. 
  
 “Valuation Date” means each business day the New York Stock Exchange is open for business or each other date on which the Committee determines that a valuation of the Fund shall be made. 

 
 “Year of Eligibility Service” means, for any Employee, a
credit used to determine his eligibility to participate under the Plan, as further described in Section 2.2. 
  

 19 

 “Year of Service” means, for any Employee, a credit used to determine his vested status
under the Plan, as further described in Section 6.2. 
  

 20 

 ARTICLE II 
  
 TRANSITION AND ELIGIBILITY TO PARTICIPATE 
  
 2.1 Rights Affected and Preservation of Accrued Benefit. Except as provided to the contrary herein, the provisions of this amended and restated
Plan document shall apply only to Employees who complete an Hour of Service on or after January 1, 1997. The rights of any other individual shall be governed by the Plan as in effect upon his Separation from Service, except to the extent expressly
provided in any amendment adopted subsequently thereto. 
  
 2.2
Year of Eligibility Service. 
  

	 	(a)	An Employee shall be credited with a Year of Eligibility Service as of the close of the 12-consecutive-month period that begins on his Employment Commencement Date if he is credited
with 1,000 or more Hours of Service during such period. An Employee who is not credited with 1,000 Hours of Service during such period shall be credited with a Year of Eligibility Service as of the close of the first Plan Year in which he is
credited with 1,000 or more Hours of Service. 

  

	 	(b)	An Employee in active service on July 1, 1999 (or hired after that date) who had not become an Active Participant prior to July 1, 1999 shall be credited with a Year of Eligibility
Service as of the close of the period that began (or begins) on his Employment Commencement Date and ends on the date when he has completed 1,000 Hours of Service. Such period may be of any duration (more or less than a calendar year).

  

	 	(c)	An Employee in active service on July 1, 1999 (or hired after that date) who terminates employment prior to 

  

 21 

 i. being credited with a Year of Eligibility Service, or 
  
 ii. attaining Age 21, or 
  
 iii. becoming a Covered Employee, 
  
 and who thereafter returns to active service, shall be treated as a new hire in the
subsequent determination of whether he has a Year of Eligibility Service pursuant to subsection 2.2(a) (with his Employment Commencement Date deemed to be his date of return to active service). 
  
 2.3 Eligibility to Participate—Salary Reduction Contributions.

  

	 	(a)	Each Covered Employee as of January 1, 1989, who was eligible to participate in the Plan immediately prior to January 1, 1989, continued to be an Eligible Employee as of January 1,
1989. 

  

	 	(b)	Each Covered Employee who was eligible to participate in the Thomas S. Monaghan, Inc. Tax Deferred Savings Plan as of December 31, 1992, became an Eligible Employee as of January 1,
1993, provided that he was a Covered Employee on that date. 

  

	 	(c)	(1) Each other Covered Employee who was not eligible to participate immediately prior to January 1, 1989, became an Eligible Employee upon the Entry Date coincident with or next
following the first date on which he met the following requirements: 

  
 (A) he attained Age 21; and 
  
 (B) he completed one Year of Eligibility Service. 
  
 (2) Notwithstanding the foregoing, a Covered Employee of Thomas S. Monaghan, Inc. (or of a Participating Company that
participated in the Thomas S. Monaghan, Inc. Tax Deferred Savings Plan prior to January 1, 1993) who is not described in Subsection (b) of this Section, but whose Employment 

  

 22 

 
Commencement Date occurred before January 1, 1993, became an Eligible Employee on the later of January 1, 1993, or the Entry Date next following the first
date on which he met the following requirements: 
  
 (A) he attained Age 19; and 
  
 (B) he
completed six months of service. 
  

	 	(d)	Commencing July 1, 1999 each Covered Employee shall become an Eligible Employee upon the Entry Date coincident with or next following the first date on which he meets the following
requirements: 

  

	 	(1)	he has attained Age 21; and 

  

	 	(2)	he has completed one Year of Eligibility Service; 

  
 provided, however, that if under Section 2.3(c) of the Plan as in effect prior to July 1, 1999 any person who was an Employee on July 1, 1999 would have become an
Eligible Employee earlier than he or she would become an Eligible Employee under the above provisions of this Section 2.3(c), such Employee shall become an Eligible Employee on such earlier date. 
  

	 	(e)	If an individual is not a Covered Employee on the Entry Date next following the date he meets the requirements of Subsection (c) of this Section, he shall become an Eligible
Employee as of the first date thereafter on which he is a Covered Employee. 

  

	 	(f)	An Eligible Employee who ceases to be a Covered Employee, by Separation from Service or otherwise, and who later becomes a Covered Employee, shall become an Eligible Employee as of
the date on which he first again completes one Hour of Service as a Covered Employee. 

  

 23 

 2.4 Election to Make Salary Reduction Contributions. Each Eligible Employee may elect to make
Salary Reduction Contributions and become an Active Participant by filing a written notice of such election with the Committee on a form provided for that purpose. Such notice shall authorize the Participating Company to reduce such Eligible
Employee’s cash remuneration by an amount determined in accordance with Section 3.1 and to make Salary Reduction Contributions on such Eligible Employee’s behalf in the amount of such reduction. Such election shall become effective as soon
as administratively feasible but no earlier than the first day of the Payroll Period following receipt of his election by the Committee. 
  
 2.5 Participation in Matching Contributions. An Active Participant shall share in Matching Contributions under Section 3.4 for any Plan Year if
Salary Reduction Contributions are made on his behalf in such Plan Year. 
  
 2.6 Eligibility to Participate—Profit Sharing Contributions. 
  

	 	(a)	Each Covered Employee shall become a Profit Sharing Participant if and when he becomes an Eligible Employee; provided, however, that a Covered Employee of Thomas S. Monaghan, Inc.
(or of a Participating Company that participated in the Thomas S. Monaghan, Inc. Tax Deferred Savings Plan prior to January 1, 1993) whose Employment Commencement Date occurred before January 1, 1993, became a Profit Sharing Participant on the later
of January 1, 1993, or the Entry Date coincident with or next following the first date on which he met the following requirements: 

  
 (1) he had attained Age 19; and 
  
 (2) he had completed one Year of Eligibility Service. 
  

 24 

	 	(b)	A Profit Sharing Participant who ceases to be a Covered Employee, by Separation from Service or otherwise, and who later becomes a Covered Employee, shall become a Profit Sharing
Participant as of the date on which he first again completes an Hour of Service as a Covered Employee. 

  
 2.7 Participation in Profit Sharing Contributions. A Profit Sharing Participant shall share in Profit Sharing Contributions under Section 3.5 for
any Plan Year during which he (a) receives Compensation and (b) is an Employee on the last day of the Plan Year. 
  
 2.8 Participation in Fail-Safe Contributions. An Eligible Employee shall share in Fail-Safe Contributions under Section 3.6 for any Plan Year
during which he (a) receives Compensation, (b) is an Eligible Employee, other than a Highly Compensated Eligible Employee, at any time during the Plan Year, and (c) satisfies such other criteria as may be specified by the Committee, on a uniform and
consistent basis, for entitlement to share in Fail-Safe Contributions for such Plan Year. 
  
 2.9 Eligibility to Participate—Rollover Contributions. An Eligible Employee, or a Covered Employee who would be an Eligible Employee but for the fact that he has not yet satisfied the applicable age and
service requirements set forth in Section 2.3, may elect to make a Rollover Contribution pursuant to Section 7.1. Any such person who is not already an Active Participant shall become an Active Participant on the date his Rollover Contribution is
received by the Trustee. 
  
 2.10 Data. Each Employee shall
furnish to the Committee such data as the Committee may consider necessary for the determination of the Employee’s rights and benefits under the Plan and shall otherwise cooperate fully with the Committee in the administration of the Plan.

  

 25 

 ARTICLE III 
 CONTRIBUTIONS TO THE PLAN 
  
 3.1 Salary Reduction Contributions. 
  

	 	(a)	When an Eligible Employee files an election under Section 2.4 to have Salary Reduction Contributions made on his behalf, he shall elect the percentage by which his Compensation
shall be reduced on account of such Salary Reduction Contributions. Subject to Sections 3.9 and 3.10, this percentage may be between one percent (1%) and fifteen percent (15%) of such Compensation, rounded to the nearer whole percent. The
Participating Company shall contribute an amount equal to such percentage of the Eligible Employee’s Compensation to the Fund for credit to the Eligible Employee’s Salary Reduction Account provided that such contributions may be
prospectively limited as provided in Section 3.10. 

  

	 	(b)	Effective on any Entry Date after December 1, 2001 as determined by the Committee and announced to Participants, each Participant who does not enroll through the means provided by
the Committee on or before the enrollment deadline specified by the Committee shall be deemed to elect that 2% of his or her Compensation be contributed to the Plan as a contribution to his or her Salary Reduction Account. His or her Compensation
will be reduced by an equal amount. A Participant who is deemed to have made such election shall be entitled to change that election (and reduce, increase or eliminate such Contributions as provided in Section 3.3). If and when such deemed elections
are implemented by the Committee, the Committee also shall make available to Participants a means to decline the opportunity for automatic Salary Reduction Contributions, and shall concurrently provide a clear explanation of the consequences of
failing to respond on a timely basis. 

  

 26 

	 	(c)	Salary Reduction Contributions made on behalf of an Eligible Employee under this Plan, together with elective deferrals under any other plan or arrangement maintained by any
Participating Company or Affiliated Company, shall not exceed the dollar limitation under section 402(g) of the Code (as indexed). To the extent necessary to satisfy this limitation for any year: 

  
 (1) elections under Subsection (a) of this Section shall be
prospectively restricted; and, 
  
 (2) after
application of Subparagraph (1), the excess Salary Reduction Contributions and excess elective deferrals under any other plan or arrangement maintained by any Participating Company or Affiliated Company (with earnings thereon, but reduced by any
amounts previously distributed under Subsection 3.10(a) for the year) shall be paid to the Participant on or before the April 15 first following the calendar year in which such contributions were made. 
  
 If the Salary Reduction Contributions plus elective deferrals described above
do not exceed such limitation, but Salary Reduction Contributions, plus the elective deferrals, as defined in section 402(g)(3) of the Code, under any other plan for any Participant exceed such limitation for any calendar year, upon the written
request of the Participant made on or before the March 1 first following such calendar year, the excess, including any earnings attributable thereto, designated by the Participant to be distributed from the Plan shall be paid to the Participant on
or before the April 15 first following such calendar year. 
  

 27 

 3.2 Change of Percentage Rate. A Participant may, without penalty, change the percentage of
Compensation designated by him as his contribution rate under Subsection 3.1(a), to any percentage permitted by such Subsection, and such percentage shall remain in effect until so changed. Any such change shall become effective as soon as
administratively feasible, but no earlier than the first day of the Payroll Period coincident with or next following the January 1 or July 1, which immediately follows receipt of the change by the Committee. 
  
 3.3 Discontinuance of Salary Reduction Contributions. A Participant
may discontinue his Salary Reduction Contributions at any time. Such discontinuance shall become effective as soon as administratively feasible on the first day of the Payroll Period next following receipt of the discontinuance by the Committee. A
Participant who discontinues his Salary Reduction Contributions may elect to resume his Salary Reduction Contributions, which election shall be effective as soon as administratively feasible, but no earlier than the first day of the Payroll Period
coincident with or next following the first business day of any month which immediately follows receipt of the election by the Committee.  
  
 3.4 Matching Contribution. Subject to the limitations under Section 3.9 and the maximum allocation limitations under Section 3.11, the
Participating Company shall contribute to the Fund for each Plan Year an amount equal to a specified percentage of all Participants’ Salary Reduction Contributions for such Plan Year, provided that (1) such contributions may be prospectively
limited as provided in Section 3.10 and (2) the contribution under this Section for any Plan Year shall not cause the total contributions by the Participating Company to exceed the maximum allowable current deduction under the applicable provisions
of the Code. The specified percentage that shall apply in any Plan Year, or in any portion of a Plan Year, shall be determined by the Board of Directors and communicated to all Eligible Employees prior to the 

  

 28 

 
date on which they are first entitled to make Salary Reduction Contributions for such Plan Year, or such portion of a Plan Year. 
  

	 	(a)	Effective with the Plan Year beginning January 1, 1997, the Participating Company contributed to the Plan a Matching Contribution in the amount of thirty percent (30%) of that
portion of the Salary Reduction Contribution made out of the Participant’s Compensation for any payroll period, or other period, in the Plan Year, which did not exceed (1) six percent (6%) of such Compensation or (2) that portion of the
Participant’s Salary Reduction Contribution made out of such Compensation which is not returned to the Participant pursuant to Section 3.10. 

  

	 	(b)	For the Plan Year beginning January 1, 1998 and for each Plan Year thereafter until so modified as permitted under Section 3.4(a) above, the Participating Company shall contribute
to the Plan a Matching Contribution in the amount of fifty percent (50%) of that portion of the Salary Reduction Contribution made out of the Participant’s Compensation for any payroll period, or other period, in the Plan Year, which does not
exceed (1) six percent (6%) of such Compensation or (2) that portion of the Participant’s Salary Reduction Contribution made out of such Compensation which is not returned to the Participant pursuant to Section 3.10. 

 
 3.5 Profit Sharing Contribution. 
  

	 	(a)	(1) Each Participating Company shall contribute to the Fund for each Plan Year such amount as shall be determined by the Board of Directors as of the close of the Participating
Company’s fiscal year, provided that the contribution for any Plan Year shall not cause the total contributions by the Participating Company to exceed the maximum allowable current deduction under the applicable provisions of the Code.

  

 29 

 (2) Such contributions by any Participating Company shall be allocated to the Profit
Sharing Accounts of Profit Sharing Participants who are Employees of such Participating Company and who are eligible to share in Profit Sharing Contributions in accordance with Section 2.7, in proportion to their Compensation for the portion of the
Plan Year during which each is a Profit Sharing Participant. 
  
 (3) Except with respect to tax deductibility, the Profit Sharing Contribution by any Participating Company for any Plan Year shall include both the amount contributed by the Participating Company for such Plan Year
and the amount of Profit Sharing Contributions forfeited during such Plan Year by Employees or former Employees of the Participating Company. 
  

	 	(b)	 If any Participating Company is prevented from making a contribution which it would otherwise have been required to make under the Plan, because its current or
accumulated earnings are less than the contribution which it would otherwise have made, then so much of the contribution which the Participating Company was prevented from making may be made, for the benefit of the Participants, by another company
or companies which together with it are members of an affiliated group of corporations within the meaning of section 1504 of the Code, to the extent of the current or accumulated earnings of the contributing company. However, if the affiliated group
of corporations does not file a consolidated federal income tax return, such contribution by each such other company shall be 

  

 30 

	 	 
limited to that proportion of its total current and accumulated earnings, remaining after adjustment for its contribution deductible for federal income tax
purposes without reference to this Subsection, which the total prevented contribution bears to the total current and accumulated earnings of all companies which are members of the group, remaining after adjustment for all contributions deductible
for federal income tax purposes without regard to this Subsection. 

  
 3.6 Fail-Safe Contribution. For any Plan Year for which it is determined that the limitation(s) of Subsections (a), (b) or (c) of Section 3.9 has or have been exceeded, the Board of Directors, or the
chief executive officer of the Company acting without Board approval, in its or his discretion, may authorize and direct each Participating Company to make a Fail-Safe Contribution in an amount determined by the Board of Directors or the chief
executive officer of the Company. Subject to Section 3.11, the Fail-Safe Contribution for any Plan Year shall be allocated to the Fail-Safe Contribution Accounts of those Participants specified by the Committee and in the manner determined by the
Committee; provided that no Fail-Safe Contribution shall be allocated to the account of any individual who was a Highly Compensated Employee for such Plan Year. 
  

3.7 Timing and Deductibility of Contributions. Profit Sharing, Matching, and Fail-Safe Contributions for any Plan Year under this Article shall
be made no later than the last date on which amounts so paid may be deducted for Federal income tax purposes for the taxable year of the employer in which the Plan Year ends. All Participating Company contributions are expressly conditioned upon
their deductibility for Federal income tax purposes. Amounts contributed as Salary Reduction Contributions, or Rollover Contributions will be remitted to the 

  

 31 

 
Trustee as soon as practicable, but no later than 90 days after the date on which such contributions were received or withheld from the Participant’s
Compensation. 
  
 3.8 Fund. The contributions deposited by
the Participating Company in the Fund in accordance with this Article shall constitute a fund held for the benefit of Participants and their eligible beneficiaries under and in accordance with this Plan. No part of the principal or income of the
Fund shall be used for, or diverted to, purposes other than for the exclusive benefit of such Participants and their eligible beneficiaries (including necessary administrative costs); provided that in the case of a contribution made by the
Participating Company as a mistake of fact, or for which a tax deduction is disallowed, in whole or in part, by the Internal Revenue Service, the Participating Company shall be entitled to a refund of said contributions, which must be made within
one year after payment of a contribution made as a mistake of fact, or within one year after disallowance of the tax deduction, to the extent of such disallowance. 
  
 3.9 Limitation on Salary Reduction Contributions and Matching Contributions. 
  

	 	(a)	Actual Deferral Percentage Test. For any Plan Year, the Average Actual Deferral Percentage for the Highly Compensated Eligible Employees shall not exceed the greater of:

  
 (1) one hundred twenty-five
percent (125%) of the Average Actual Deferral Percentage for all other Eligible Employees; or 
  
 (2) the lesser of: 
  
 (A) two hundred percent (200%) of the Average Actual Deferral Percentage for all other Eligible Employees; or 
  

 32 

 (B) two percent (2%) plus the Average Actual Deferral Percentage for all other Eligible
Employees. 
  

	 	(b)	Actual Contribution Percentage Test. For any Plan Year, the Average Contribution Percentage for the Highly Compensated Eligible Employees shall not exceed the greater of:

  
 (1) one hundred twenty-five
(125%) of the Average Contribution Percentage for all other Eligible Employees; or 
  
 (2) the lesser of: 
  
 (A) two hundred percent (200%) of the Average Contribution Percentage for all other Eligible Employees; or 
  
 (B) two percent (2%) plus the Average Contribution
Percentage for all other Eligible Employees. 
  

	 	(c)	Multiple Use of Alternative Limitation Test. For any Plan Year, the sum of the Average Actual Deferral Percentage and the Average Contribution Percentage for the Highly
Compensated Eligible Employees shall not exceed the greater of: 

  
 (1) the sum of: 
  
 (A) one hundred twenty-five percent (125%) of the greater of the Average Actual Deferral Percentage or the Average Contribution Percentage for all other Eligible Employees; plus 
  
 (B) the lesser of: 
  

 33 

 (i) two hundred percent (200%) of the lesser of the Average Actual Deferral Percentage
or the Average Contribution Percentage for all other Eligible Employees; or 
  
 (ii) two percent (2%) plus the lesser of the Average Actual Deferral Percentage or the Average Contribution Percentage for all other Eligible Employees; or 
  
 (2) the sum of: 
  
 (A) one hundred twenty-five percent (125%) of the lesser of
the Average Actual Deferral Percentage or the Average Contribution Percentage for all other Eligible Employees; plus 
  
 (B) the lesser of: 
  
 (i) two hundred percent (200%) of the greater of the Average Actual Deferral Percentage or the Average Contribution Percentage for all
other Eligible Employees; or 
  
 (ii) two
percent (2%) plus the greater of the Average Actual Deferral Percentage or the Average Contribution Percentage for all other Eligible Employees. 
  

 34 

	 	(d)	If the Plan and any other plan(s) maintained by a Participating Company or an Affiliated Company are treated as a single plan for purposes of section 401(a)(4) or section 410(b) of
the Code, the limitations in Subsections (a) through (c) of this Section shall be applied by treating the Plan and such other plan(s) as a single plan. 

  

	 	(e)	The application of this Section shall satisfy sections 401(k) and 401(m) of the Code and regulations thereunder and such other requirements as may be prescribed by the Secretary of
the Treasury. 

  
 3.10 Prevention of Violation of
Limitation on Salary Reduction Contributions and Matching Contributions. The Committee shall monitor the level of Participants’ Salary Reduction Contributions and Matching Contributions and elective deferrals, employee contributions, and
employer matching contributions under any other qualified retirement plan maintained by a Participating Company or any Affiliated Company to insure against exceeding the limits of Section 3.9. To the extent practicable, the Plan Administrator may
prospectively limit (i) some or all of the Highly Compensated Eligible Employees’ Salary Reduction Contributions to reduce the Average Actual Deferral Percentage of the Highly Compensated Eligible Employees to the extent necessary to satisfy
Subsection 3.9(a) and/or (ii) some or all of the Highly Compensated Eligible Employees’ Matching Contributions to reduce the Average Contribution Percentage of the Highly Compensated Eligible Employees to the extent necessary to satisfy
Subsection 3.9(b) and/or (iii) some or all of the Highly Compensated Eligible Employees’ Salary Reduction Contributions, and Matching Contributions to the extent necessary to satisfy Subsection 3.9(c). 
  

 35 

	 	(a)	Correction of ADP Test. With regard to the Actual Deferral Percentage test, if the Committee determines after the end of the Plan Year that the limits of Section 3.9 may be
or have been exceeded, it shall take the appropriate following action for such Plan Year: 

  
 (1) Reduce Average Actual Deferral Percentages. 
  
 (A) The Average Actual Deferral Percentage for the Highly Compensated Eligible Employees shall be reduced
to the extent necessary to satisfy Subsection 3.9(a). 
  
 (B) The reduction shall be accomplished by reducing the maximum Actual Deferral Percentage for any Highly Compensated Eligible Employee to an adjusted maximum Actual Deferral Percentage, which shall be the highest Actual Deferral Percentage
that would cause one of the tests in Subsection 3.9(a) to be satisfied, if each Highly Compensated Eligible Employee with a higher Actual Deferral Percentage had instead the adjusted maximum Actual Deferral Percentage, reducing the Highly
Compensated Eligible Employee’s Salary Reduction Contributions and elective deferrals under any other qualified retirement plan maintained by the Participating Company or any Affiliated Company (less any amounts previously distributed under
Section 3.1 for the year) in 

  

 36 

 
order, beginning with the Highly Compensated Eligible Employee(s) with the highest Actual Deferral Percentage. 
  
 (C) Not later than the end of the Plan Year following the
close of the Plan Year for which the Salary Reduction Contributions were made, the difference between a Highly Compensated Eligible Employee’s Actual Deferral Percentage and the Highly Compensated Eligible Employee’s adjusted maximum
Actual Deferral Percentage shall be paid to the Highly Compensated Eligible Employee, with earnings attributable thereto (as determined in accordance with applicable Treasury regulations); provided, however, that for any Participant who is also a
participant in any other qualified retirement plan maintained by the Participating Company or any Affiliated Company under which the Participant makes elective deferrals for such year, the Committee shall coordinate corrective actions under this
Plan and such other plan for the year. 
  
 (2)
Make a Fail-Safe Contribution. In lieu of or in addition to the action described in Paragraph (a)(1) of this Section, the Participating Company shall, if so directed by the Company, make a Fail-Safe Contribution under Section 3.6, which
contribution shall be allocated among the Fail-Safe Contribution Accounts of only those Eligible Employees who are specified by the Committee 

  

 37 

 
and who are not Highly Compensated Eligible Employees, in an amount necessary to satisfy at least one of the tests in Subsection 3.9(a). Fail-Safe
Contributions made pursuant to this Paragraph (a)(2) shall be accounted for separately, shall be 100% nonforfeitable and shall be eligible for withdrawal only to the extent provided under Article VIII. 
  

	 	(b)	Correction of ACP Test. With regard to the Actual Contribution Percentage test, if the Committee determines after the end of the Plan Year that the limits of Section 3.9 may
be or have been exceeded, it shall take the appropriate following action for such Plan Year: 

  
 (1) Reduce Average Contribution Percentages. 
  
 (A) The Average Contribution Percentage for the Highly Compensated Eligible Employees shall be reduced to the extent necessary to satisfy
at least one of the tests in Subsection 3.9(b). 
  
 (B) The reduction shall be accomplished by reducing the maximum Contribution Percentage for any Highly Compensated Eligible Employee to an adjusted maximum Contribution Percentage, which shall be the highest Contribution Percentage that
would cause one of the tests in Section 3.9 to be satisfied, if each Highly Compensated Eligible Employee with a higher Contribution Percentage had instead the adjusted maximum Contribution Percentage, reducing, in the following order 

  

 38 

 
of priority, the Highly Compensated Eligible Employees’ Matching Contributions and employee contributions and employer matching contributions under any
other qualified retirement plan maintained by the Participating Company or an Affiliated Company, in order beginning with the Highly Compensated Eligible Employee(s) with the highest Contribution Percentage. 
  
 (C) Not later than the end of the Plan Year following the
close of the Plan Year for which such contributions were made, the difference between a Highly Compensated Eligible Employee’s Contribution Percentage and the Highly Compensated Eligible Employee’s adjusted maximum Contribution Percentage,
with earnings attributable thereto (as determined in accordance with applicable Treasury regulations), at the Committee’s direction, shall be paid to the Highly Compensated Eligible Employee; provided, however, that, for any Participant who is
also a participant in any other qualified retirement plan maintained by the Participating Company or any Affiliated Company under which the Participant makes employee contributions or is credited with employer matching contributions for the year,
the Committee shall coordinate 

  

 39 

 
corrective actions under this Plan and such other plan for the year. 
  
 (2) Make a Fail-Safe Contribution. In lieu of or in addition to the action described in Paragraph
(b)(1) of this Section, the Participating Company shall, if so directed by the Company, make a Fail-Safe Contribution under Section 3.6, which contribution shall be allocated among the Fail-Safe Contribution Accounts of only those Eligible Employees
who are specified by the Committee and who are not Highly Compensated Eligible Employees, in an amount necessary to satisfy at least one of the tests in Subsection 3.9(b). Fail-Safe Contributions made pursuant to this Paragraph (b)(2) shall be
accounted for separately, shall be 100% nonforfeitable and shall be eligible for withdrawal only to the extent provided under Article VIII. 
  

	 	(c)	Correction of Multiple Use Test. With regard to the Multiple Use of Alternative Limitation test, if the Committee determines after the end of the Plan Year that the limits of
Section 3.9 may be or have been exceeded, it shall take the appropriate following action for such Plan Year: 

  
 (1) The Average Contribution Percentage and/or the Average Actual Deferral Percentage (as determined under Subparagraph (2) below) for the
Highly Compensated Eligible Employees shall be reduced to satisfy the test in Subsection 3.9(c) in a manner and to the extent determined by the Committee. 
  
 (2) The reduction(s) shall be accomplished in the same manner as is set forth in Subsections (a) and (b) of Section 3.10, whichever is
appropriate. A reduction to the Average Actual Deferral Percentage shall be charged against the 

  

 40 

 
appropriate Highly Compensated Eligible Employees’ Salary Reduction Accounts. A reduction to the Average Contribution Percentage shall be charged
against the appropriate Highly Compensated Eligible Employees’ Matching Contribution Accounts. Notwithstanding the foregoing, for any Participant who is also a participant in any other qualified retirement plan maintained by a Participating
Company or any Affiliated Company under which the Participant makes employee contributions or elective deferrals or is credited with employer matching contributions for such year, the Committee shall coordinate corrective actions under this Plan and
such other plan for the year. 
  

	 	(d)	Effect of Correction on Matching Contributions. If the corrective payment to a Highly Compensated Eligible Employee of his Salary Reduction Contributions pursuant to
Subparagraph (a)(1)(C) or Subsection (c) of this Section causes Matching Contributions made on his behalf for the Plan Year (excluding such Matching Contributions that were paid to the Participant pursuant to Subsection (b) or Subsection (c) of this
Section) to exceed the specified percentage of his remaining Salary Reduction Contributions for the Plan Year, the Matching Contributions in excess of the specified percentage of his Salary Reduction Contributions for the Plan Year that were not
distributed to him shall be forfeited, and used to offset future Matching Contributions. For this purpose, the specified percentage shall be the percentage described in Section 3.4. 

  

	 	(e)	 Coordination of Corrective Actions. If the Plan and any other plan maintained by a Participating Company or an Affiliated Company are treated as a single
plan 

  

 41 

	 	 
pursuant to Subsection 3.9(e), the Committee shall coordinate corrective actions under the Plan and such other plan for the year.

  
 3.11 Maximum Allocation. The
provisions of this Section shall be construed to comply with section 415 of the Code. 
  

	 	(a)	Notwithstanding anything in this Plan to the contrary, in no event shall the sum of: 

  
 (1) any Matching Contributions, Profit Sharing Contributions, Fail-Safe Contributions, Salary Reduction
Contributions and other employer contributions, forfeitures, and any employee contributions allocated for any Limitation Year to any Participant (including any such amounts distributed pursuant to Section 3.10 but not amounts distributed pursuant to
Subsection 3.1(b)) under this and any other defined contribution plan maintained by the Participating Company or any 50% Affiliated Company; plus 
  
 (2) all amounts allocated to any Participant after March 31, 1984, to an individual medical account (within the meaning of Code section
415(l)(2)) which is part of a pension or annuity plan maintained by a Participating Company or any 50% Affiliated Company; plus 
  
 (3) all amounts derived from contributions paid or accrued after December 31, 1985, in taxable years ending after such date which are
attributable to post-retirement medical benefits allocated to a separate account of a Participant who is a key employee, as defined in section 419A(d)(3) of the Code, under a welfare benefit fund maintained by a Participating Company or any 50%
Affiliated Company; 

  

 42 

 
exceed the lesser of $30,000 (or such other dollar limitation in effect for the Limitation Year under section 415(c)(1)(A) of the Code) or twenty-five
percent (25%) of such Participant’s Compensation for the Limitation Year. The 25% Compensation limitation shall not apply to any contribution for medical benefits (within the meaning of section 401(h) or 419A(f)(2) of the Code) which is
otherwise treated as an annual addition under section 415(l)(1) or 419A(d)(2) of the Code. 
  

	 	(b)	If the amount otherwise allocable to the Account of a Participant would exceed the amount described in Subsection (a) of this Section as a result of the reallocation of forfeitures,
a reasonable error in estimating the Participant’s Compensation, a reasonable error in determining the amount of Salary Reduction Contributions that may be made with respect to the Participant under the limits of this Section, or such other
circumstances as permitted by law, the Committee shall determine which portion, if any, of such excess amount is attributable to the Participant’s Salary Reduction Contributions and the related Matching Contributions. From such portion, the
Committee shall distribute the amount of Salary Reduction Contributions and earnings thereon to the Participant as soon as is administratively feasible, and shall direct the Trustee to return to the appropriate Participating Company the amount of
the related Matching Contributions. 

  

	 	(c)	 If, in any Limitation Year which begins prior to January 1, 2000, a Participant in this Plan is also a participant in one or more defined benefit plans maintained
by the Participating Company or any 50% Affiliated Company, the projected annual benefit referred to in Paragraph (c)(1) shall be reduced, if necessary, so that the 

  

 43 

	 	 
sum of the fractions described in (1) and (2) does not exceed 1.0 for such Limitation Year. 

  
 (1) Defined Benefit Fraction—a fraction, the
numerator of which is the Participant’s projected annual benefit under all such defined benefit pension plans determined as of the close of the limitation years of such plans, and the denominator of which is the lesser of: 
  
 (A) 1.25 x $90,000 (or such other dollar limitation
determined for the Limitation Year under section 415(b)(1)(A) of the Code); or 
  
 (B) one hundred forty percent (140%) of the Participant’s highest average Compensation over any three consecutive calendar years;
provided, however, that the denominator of the defined benefit fraction shall be determined after taking into account any adjustments to the dollar limit described in Subparagraph (A) or to the compensation limit described in Subparagraph (B)
prescribed by sections 415(b) or 415(d) of the Code, as appropriate. For the purpose of this Paragraph (1), “projected annual benefit” means the annual benefit to which a Participant would be entitled under the terms of a defined benefit
plan if he had continued employment until his normal retirement date under such plan and if his 

  

 44 

 
compensation counted for the purpose of such plan had continued at the same rate. 
  
 (2) Defined Contribution Fraction—a fraction, the numerator of which is the sum of the annual
additions to the Participant’s accounts under all defined contribution plans sponsored by the Participating Company or any 50% Affiliated Company for all limitation years, and the denominator of which is the sum of the lesser of the following
amounts, determined for each of such limitation years and for each prior limitation year of service with the Participating Company or 50% Affiliated Company: 
  

(A) 1.25 x $30,000 (or such other dollar limitation in effect for the Limitation Year under section 415(c)(1)(A) of the Code); or

  
 (B) twenty-five percent (25%) of the
Participant’s Compensation for such limitation year. 
  
 3.12
Reemployment of Veterans. The provisions of this Section 3.12 shall apply in the case of the reemployment by a Participating Company of an Employee, within the period prescribed by laws relating to the rights of reemployed veterans, after the
Employee’s completion of a period of qualified military service (as defined in Section 414(u)(5) of the Code.) The provisions of this Section 3.12 are intended to provide such Employees with the rights required by Section 414(u) of the Code,
and shall be interpreted in accordance with such intent. 
  
 An
Employee participating in the Plan after completion of a period of qualified military service shall be credited with a Year of Vesting Service for any Plan Year during which he is in qualified military service if the Employee would have completed
1,000 Hours of Service in such 

  

 45 

 
Plan Year, but for the qualified military service (based on the Employee’s work schedule as in effect on the date such military service began, as
determined by the Participating Company). In addition, such Employee shall be permitted to make additional Salary Reduction Contributions and shall be entitled to Matching Contributions with respect to any such additional Salary Reduction
Contributions in accordance with the following subsections: 
  

	 	(a)	Such Employee shall be entitled to have his employer make Salary Reduction Contributions under the Plan (“Make Up Deferrals”), in addition to any Salary Reduction
Contributions which the Employee elects to have made under the terms of the Plan. From time to time while employed by a Participating Company, such Employee may elect to have his Employer contribute such Make Up Deferrals during the period beginning
on the date of such Employee’s reemployment and ending on the earlier of: 

  
 (i) the end of the period equal to the product of three and such Employee’s period of qualified military service, and 
  
 (ii) the fifth anniversary of the date of such
reemployment. 
  
 Such Employee shall not be permitted to elect to have his
employer contribute Make Up Deferrals to the Plan in an amount in excess of he amount which the Employee could have elected to have made under Section 3.1 hereof as Salary Reduction Contributions if the Employee had continued in employment with his
employer during such period of qualified military service. The manner in which an Employee may elect to have his employer contribute 

  

 46 

 
Make Up Deferrals pursuant to this subsection (a) shall be prescribed by the Participating Company which employs him. 
  

	 	(b)	An Employee who elects to have his employer contribute Make Up Deferrals as described in subsection (a) above shall be entitled to an allocation of Matching Contributions
(“Make Up Matching Contributions”) in an amount equal to the amount of Matching Contributions that would have been allocated to the Matching Contribution Account of such Employee under the Plan if such Make Up Deferrals had been made
during the period of such Employee’s qualified military service (as determined pursuant to Section 414(u) of the Code). The amounts necessary to make such allocation of Make Up Matching Contributions shall be derived from available forfeitures
or, if such forfeitures are less than the amount of Make Up Matching Contributions that must be allocated to any Employee’s Matching Contribution Account, then the Employee’s employer shall make a special contribution which shall be
utilized solely for purposes of such allocation. 

  

	 	(c)	An Employee’s “Compensation,” during any period of qualified military service, shall be determined in accordance with Section 414(u) of the Code.

  

	 	(d)	 Any contributions of Make Up Deferrals made by a Participating Company on behalf of an Employee and any contributions of Make Up Matching Contributions made by such
employer, in either case, pursuant to this Section 3.12 on account of a period of qualified military service in a prior Plan Year and any allocations of such contributions to an Employee shall not be subject to the limitations prescribed by Sections
3.9 and 3.11 hereof for the Plan Year in which such 

  

 47 

	 	 
contributions and allocations are made, but, instead, shall be subject to such limits for the Plan Year to which contributions and allocations relate. In
addition, such contributions shall not be included in computing an Employee’s Actual Deferral Percentage or his Contribution Percentage for any Plan Year. 

  

 48 

 ARTICLE IV 
  
 PARTICIPANTS’ ACCOUNTS 
  
  
 4.1 Accounts. All contributions and earnings thereon may be invested
in one commingled Fund for the benefit of all Participants. However, in order that the interest of each Participant may be accurately determined and computed, separate Accounts shall be maintained for each Participant and each Participant’s
Accounts shall be made up of subaccounts reflecting his investment elections pursuant to Section 11.5. These Accounts shall represent the Participant’s individual interest in the Fund. All contributions shall be credited to Participants’
Accounts as set forth in Article III. 
  
 4.2 Valuation.
The value of each Investment Medium in the Fund shall be computed by the Trustee as of the close of business on each Valuation Date on the basis of the fair market value of the assets of the Fund. 
  
 4.3 Apportionment of Gain or Loss. The value of each Investment Medium
in the Fund, as computed pursuant to Section 4.2, shall be compared with the value of such Investment Medium in the Fund as of the preceding Valuation Date. Any difference in the value, not including contributions or distributions made since the
preceding Valuation Date, shall be the net increase or decrease of such Investment Medium in the Fund, and such amount shall be ratably apportioned by the Trustee or the Insurance Company on its books, among the Participants’ Accounts which are
invested in such Investment Medium at the current Valuation Date. 
  
 4.4 Accounting for Allocations. The Committee shall establish or provide for the establishment of accounting procedures for the purpose of making the allocations, valuations and adjustments to Participants’ Accounts provided for
in this Article. From time to time, such procedures may be modified for the purpose of achieving equitable and non-discriminatory 

  

 49 

 
allocations among the Accounts of Participants in accordance with the general concepts of the Plan and the provisions of this Article. 
  
  
 ARTICLE V 
  
 DISTRIBUTION 
  
  
 5.1 General. The interest of each Participant in the Fund shall be distributed in the manner, in the amount, and at the time provided in this Article, except as provided in Article VIII and except in the event of the termination of
the Plan. The provisions of this Article shall be construed in accordance with section 401(a)(9) of the Code and regulations thereunder, including the incidental death benefit requirements of section 401(a)(9)(G) of the Code. 
  
 5.2 Separation from Service. A Participant who has a Separation from
Service for reasons other than death or Total Disability shall have his nonforfeitable interest in his Account paid to him or applied for his benefit in accordance with the provisions of this Article. 
  
 5.3 Death. If a Participant dies before his entire nonforfeitable
interest in his Account has been paid to him, his remaining nonforfeitable interest shall be paid to, or applied for the benefit of, his beneficiary in accordance with the provisions of this Article. 
  
 5.4 Total Disability. 
  

	 	(a)	If a Participant who is an Employee suffers a Total Disability and has a Separation from Service due to his Total Disability, his Account shall be paid to him or applied for his
benefit in accordance with the provisions of this Article following the determination of his Total Disability and his Separation from Service. 

  

 50 

	 	(b)	Total Disability shall be determined by the Committee, which may consult with a medical examiner selected by it. The medical examiner shall have the right to make such physical
examinations and other investigations as may be reasonably required to determine Total Disability. 

  
 5.5 Valuation for Distribution. 
  

	 	(a)	For the purposes of paying the amounts to be distributed to a Participant or his beneficiaries under the provisions of this Article, the value of the Fund and the amount of the
Participant’s nonforfeitable interest shall be determined in accordance with the provisions of Article IV as of the Valuation Date coincident with or immediately preceding the date of any payment under this Article, except that on and after
June 1, 1994 the Participant’s nonforfeitable interest shall be determined as of the Valuation Date coincident with or preceding the date of payment which is as close as administratively feasible to the date of payment. Such amount shall be
adjusted to take into account any additional contributions and forfeitures, if any, which have been or are to be allocated to the Participant’s Account since that Valuation Date, and any distributions or withdrawals made since that date.

  

	 	(b)	Notwithstanding the above, the Participants’ Account shall be reduced by the amount necessary to repay any outstanding loan from the Plan and interest thereon to the date the
Committee declares such loan satisfied, unless such loan is repaid as provided in Section 9.4(e). 

  

 51 

 5.6 Timing of Distribution. 
  

	 	(a)	Separation For Reason Other Than Death. Any Participant who has a Separation from Service for any reason other than death shall be entitled to receive his nonforfeitable
interest in his Account, pursuant to the following rules: 

  
 (1) Except as provided in Paragraph (a)(2), if the Participant’s nonforfeitable interest in his Account is $5,000 or less ($3,500 before 1998), or the Participant has attained Normal Retirement Age, the
Participant’s Benefit Commencement Date shall be the earliest practicable date following the Valuation Date coincident with or next following his Separation from Service. 
  
 (2) If the Participant has not attained Normal Retirement Age and his nonforfeitable interest exceeds, or
has ever exceeded at the time of any prior distribution, $5,000 (or $3,500 prior to 1998), his Benefit Commencement Date shall be the earliest practicable date following the Valuation Date coincident with or next following his Separation from
Service, except that, if the Participant does not consent to such distribution, distribution of his benefits shall commence on any later date elected by the Participant, that is not later than his Normal Retirement Date, at which time his
nonforfeitable interest shall be automatically paid to him. A Participant’s election to receive payment prior to his Normal Retirement Date may be made no earlier than 90 days prior to the Benefit Commencement Date elected by the Participant.
The Committee shall inform each Participant who is subject to this Paragraph (a)(2) of his right to defer distribution. Such notice shall be furnished not less than 30 days nor more than 90 days prior to the date of any distribution that occurs
prior to the earlier of his 

  

 52 

 
death or his Normal Retirement Date. If a distribution is one to which Sections 401(a)(11) and 417 of the Code do not apply, such distribution may commence
less than 30 days after the notice required under § 1.411(a)-11(c) of the Treasury Regulations, i.e., the notice required by the preceding sentence is given, provided that: 
  
 (A) the Committee clearly informs the Participant that the Participant has a right for a period of at least
30 days after receiving the notice to consider the decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and 
  
 (B) the Participant, after receiving the notice, affirmatively elects a distribution. 
  
 (3) Notwithstanding the foregoing, the Participant’s
Benefit Commencement Date shall be no later than the 60th day following the close of the Plan Year in which the Participant attains his Normal Retirement Age or has a Separation from Service, whichever occurs last. In no event, however, shall a
Participant’s Benefit Commencement Date be later than his Required Beginning Date. In the event the Participant defaults on an outstanding loan such that the unpaid balance becomes due and payable pursuant to Article IX and the Participant
fails to repay the loan in accordance with Section 9.4(e), that portion of the Participant’s Account pledged as security for the loan shall be applied to repay the loan and shall be deemed distributed to the Participant within 60 days of

  

 53 

 
the default; in which case, the Participant may defer commencement of the balance of his Account as described above. 
  

	 	(b)	Death of Participant. If a Participant dies before his entire nonforfeitable interest in his Account has been paid to him, his remaining nonforfeitable interest shall be
distributed to his beneficiary commencing as soon as practicable following the Participant’s death. 

  

	 	(c)	This Section shall apply to all Participants, including Participants who had a Separation from Service or ceased to be Covered Employees prior to January 1, 1989.

  
 5.7 Mode of Distribution. 
  

	 	(a)	Notwithstanding any other provision in this Article to the contrary, if a Participant has a Separation from Service prior to Normal Retirement Age for any reason other than Total
Disability, or if the Participant’s nonforfeitable interest under the Plan as of his Separation from Service or death, whichever applies, does not exceed and has never exceeded at the time of any prior distribution, $5,000 (or $3,500 prior to
1998), the nonforfeitable interest of such Participant shall be paid to the Participant (or his beneficiary) in a single sum. 

  

	 	(b)	Normal Retirement or Total Disability. Except as provided to the contrary in this Article, a Participant who has a Separation from Service at or after his Normal Retirement
Age, or on account of Total Disability, may elect in writing to have his nonforfeitable interest paid to him or applied for his benefit in accordance with either of the following modes of payment: 

  
 (1) a single sum payment; or 
  

 54 

 (2) approximately equal monthly, quarterly, semi-annual or annual installments over a
period not to exceed the lesser of: 
  
 (A) the
life expectancy of the Participant or the joint and survivor life expectancy of the Participant and his beneficiary (with such life expectancy to be determined in accordance with applicable regulations under the Code); or 
  
 (B) unless the sole beneficiary is the Participant’s
spouse, the maximum number of years determined under Table II of Schedule A. 
  

	 	(c)	Death. Benefits payable under Section 5.3 upon the death of a Participant shall be distributed in a single sum payment; provided, however, that if a Participant dies after
having begun to receive installment payments pursuant to Subsection 5.7(b), his beneficiary may elect that the balance of the Participant’s nonforfeitable interest under the Plan, if any, shall continue to be paid to the beneficiary in the same
manner as in effect prior to the Participant’s death for the remaining scheduled term of such payments. Notwithstanding the foregoing, in the event that the Participant’s death constitutes a default on an outstanding loan such that the
unpaid balance becomes due and payable pursuant to Article IX and the beneficiary fails to repay the loan in accordance with Section 9.4(e), that portion of the Participant’s Account pledged as security for the loan shall be applied to repay
the loan and shall be deemed distributed to the beneficiary within 60 days of the default; in which case, the beneficiary shall receive the balance of the Participant’s Account in accordance with this Subsection. 

  

 55 

	 	(d)	Election Prior to Benefit Commencement Date. Except as provided in this Article, a Participant or beneficiary may elect the mode of payment at any time prior to his Benefit
Commencement Date. Such election shall be on a form prescribed by the Committee. If a Participant, or a beneficiary entitled to benefits under Section 5.3 upon the death of a Participant who had begun to receive installment payments pursuant to
Subsection 5.7(b), fails to make a valid election under this Section, the value of the Participant’s Account shall be distributed as a single sum payment. 

  

	 	(e)	With respect to a Participant’s Transfer Account, the provisions of Sections 5.11 and 5.12 shall control. 

  
 5.8 Beneficiary Designation. 
  

	 	(a)	Except as provided in this Section and in Section 5.11, a Participant may designate the beneficiary or beneficiaries who shall receive, on or after his death, his interest in the
Fund. Such designation shall be made by executing and filing with the Committee a written instrument in such form as may be prescribed by the Committee for that purpose. Except as provided in this Section and Section 5.11, the Participant may also
revoke or change, at any time and from time to time, any beneficiary designations previously made. Such revocations and/or changes shall be made by executing and filing with the Committee a written instrument in such form as may be prescribed by the
Committee for that purpose. If a Participant names a trust as beneficiary, a change in the identity of the trustees or in the instrument governing such trust shall not be deemed a change in beneficiary. 

  

 56 

	 	(b)	Validity. No designation, revocation, or change of beneficiaries shall be valid and effective unless and until filed with the Committee. 

  

	 	(c)	Designation of Non-spouse Beneficiary. A Participant who does not establish to the satisfaction of the Committee that he has no spouse may not designate someone other than
his spouse to be his beneficiary unless: 

  
 (1) (A) such spouse (or the spouse’s legal guardian if the spouse is legally incompetent) executes a written instrument whereby such spouse consents not to receive such benefit and consents either: 
  
 (i) to the specific beneficiary or beneficiaries designated
by the Participant; or 
  
 (ii) to the
Participant’s right to designate any beneficiary without further consent by the spouse; and 
  
 (B) such instrument acknowledges the effect of the election to which the spouse’s consent is being given; and 
  
 (C) such instrument is witnessed by a Plan representative
or notary public; or 
  
 (2) the Participant:

  
 (A) establishes to the satisfaction of the
Committee that his spouse cannot be located; or 
  
 (B) furnishes a court order to the Committee establishing that the Participant is legally separated or has 

  

 57 

 
been abandoned (within the meaning of local law), unless a qualified domestic relations order pertaining to such Participant provides that the spouse’s
consent must be obtained; or 
  
 (3) the spouse
has previously given consent in accordance with this Subsection and consented to the Participant’s right to designate any beneficiary without further consent by the spouse. 
  
 The consent of a spouse in accordance with this Subsection (c) shall not be effective with respect to other spouses of the
Participant prior to the Participant’s Benefit Commencement Date, and an election to which Paragraph (2) of this Subsection (c) applies shall become void if the circumstances causing the consent of the spouse not to be required no longer exist
prior to the Participant’s Benefit Commencement Date. 
  

	 	(d)	No Beneficiary. If a Participant has no beneficiary under Subsection (a) of this Section, if the Participant’s beneficiary(ies) predecease the Participant, or if the
beneficiary(ies) cannot be located by the Committee, the interest of the deceased Participant shall be paid to the Participant’s estate. 

  
 Any designation by a Participant of the individual who is the Participant’s spouse at the time of the designation as the Participant’s
Beneficiary automatically shall terminate and be of no effect upon the divorce of the Participant and such individual. 
  
 5.9 Recalculation of Life Expectancy. If a Participant’s Account is payable over the life expectancy of the Participant and/or his spouse
and/or another beneficiary, the applicable life expectancy shall not be recalculated after the Benefit Commencement Date. 
  
 5.10 Transfer of Account to Other Plan. 
  

 58 

	 	(a)	If (1) a Participant entitled to receive a distribution from the Plan, either pursuant to this Article or pursuant to Article VIII, or (2) the spouse or former spouse of a
Participant who is entitled to receive a distribution from the Plan pursuant to a qualified domestic relations order, directs the Committee to have the Trustee transfer the amount to be distributed directly to: 

  
 (1) an individual retirement account described in section
408(a) of the Code, 
  
 (2) an individual
retirement annuity described in section 408(b) of the Code (other than an endowment contract), 
  
 (3) a qualified defined contribution retirement plan described in section 401(a) of the Code the terms of which permit the acceptance of
rollover contributions, or 
  
 (4) an annuity
plan described in section 403(a), the amount to be distributed shall be so transferred. 
  

	 	(b)	In addition, if a Participant’s surviving spouse is entitled to receive a distribution from the Plan under Section 5.3, and such surviving spouse directs the Committee to have
the Trustee transfer the amount to be distributed directly to: 

  
 (1) an individual retirement account described in section 408(a) of the Code, or 
  
 (2) an individual retirement annuity described in section 408(b) of the Code (other than an endowment contract), the amount to be
distributed shall be so transferred. 
  

 59 

	 	(c)	The Participant, spouse or former spouse must specify the name of the plan to which the Participant, spouse or former spouse wishes to have the amount transferred, plus such other
information as may be requested by the Committee, on a form and in a manner prescribed by the Committee. 

  

	 	(d)	Subsections (a) and (b) shall not apply to the following distributions: 

  
 (1) any distribution which is one of a series of substantially equal payments (not less frequently than annually) over either (A) a period
of 10 years or more, or (B) a period equal to the life expectancy of the Participant or the joint life expectancy of the Participant and his beneficiary, or 
  
 (2) that portion of any distribution after the Participant’s Required Beginning Date that is required to be distributed to the
Participant by the minimum distribution rules of section 401(a)(9) of the Code, or 
  
 (3) such other distributions as may be exempted by applicable statute or regulation from the requirements of section 401(a)(31) of the
Code. 
  
 5.11 Distribution of Transfer Account. With
respect to the Transfer Account of any Participant, the provisions of this Section and Section 5.12 shall supersede the prior provisions of this Article. 
  

	 	(a)	Normal Mode of Payment. 

  
 (1) The normal mode of payment for a Participant whose nonforfeitable interest in his Account exceeds (or has exceeded at the time of any
prior distribution) $5,000 (or $3,500 prior to 1998) and who does not establish to the satisfaction of the Committee that he has no spouse as of his Benefit Commencement Date shall be an immediate joint and survivor annuity that is the 

  

 60 

 
Actuarial Equivalent of the Participant’s Transfer Account, with monthly installments payable after the death of the retired Participant to his
surviving spouse, if he leaves one, for the life of such surviving spouse in an amount equal to fifty percent (50%) of the benefit paid to the retired Participant during his life. 
  
 (2) The normal mode of payment for a Participant whose nonforfeitable interest in his Account exceeds (or
has exceeded at the time of any prior distribution) $5,000 (or $3,500 prior to 1998) and who establishes to the satisfaction of the Committee that he has no spouse as of his Benefit Commencement Date shall be a single life annuity that is the
Actuarial Equivalent of his Transfer Account with equal monthly installments payable to the retired Participant for his lifetime. 
  
 (3) Except as provided in Paragraphs (1) and (2) above, the normal mode of payment to a Participant whose nonforfeitable interest in his
Account does not exceed $5,000 as of his Benefit Commencement Date ($3,500 prior to 1998) shall be a single sum payment of his entire nonforfeitable interest in his Transfer Account. 
  

	 	(b)	Optional Mode of Payment. A Participant whose nonforfeitable interest in his Account exceeds (or has exceeded at the time of any prior distribution) $5,000 ($3,500 prior to
1998) and who does not establish to the satisfaction of the Committee that he has no spouse on his Benefit Commencement Date may elect to receive an optional mode of payment under Section 5.12 with respect to his Transfer Account only if:

  

 61 

 (1) (A) his spouse (or the spouse’s legal guardian if the spouse is legally
incompetent) executes a written instrument whereby such spouse: 
  
 (i) consents not to receive the normal mode of payment described in Paragraph (a)(1) of this Section; 
  
 (ii) consents to the specific optional mode elected by the Participant or to the Participant’s right to choose any optional mode
without any further consent by the spouse; and 
  
 (iii) if applicable, consents either: 
  
 (I) to the specific beneficiary or beneficiaries designated by the Participant pursuant to his election; or 
  
 (II) to the Participant’s right to designate any beneficiary or beneficiaries without further consent by the spouse; and 

 
 (B) such instrument acknowledges the effect of the
election to which the spouse’s consent is being given and is witnessed by a Plan representative or a notary public; or 
  

 62 

 (2) the Participant: 
  
 (A) establishes to the satisfaction of the Committee that his spouse cannot be located; or 
  
 (B) furnishes a court order to the Committee establishing
that the Participant is legally separated or has been abandoned (within the meaning of local law), unless a qualified domestic relations order pertaining to such Participant provides that the spouse’s consent must be obtained; or 
  
 (3) the spouse has previously given consent in accordance
with this Subsection and consented to the Participant’s right to choose any optional mode and to designate any beneficiary without further consent by the spouse. The consent of a spouse in accordance with this Subsection (b) shall not be
effective with respect to other spouses of the Participant prior to the Participant’s Benefit Commencement Date and an election to which Paragraph (2) of this Subsection applies shall become void if the circumstances causing the consent of the
spouse not to be required no longer exist prior to the Participant’s Benefit Commencement Date. 
  

	 	(c)	Revocation of Optional Mode of Payment. A Participant may revoke an election under Subsection (b) of this Section. Such revocation may be made at any time during the election
period in which such election can be made. Such revocation shall not void any prospectively effective consent given by his spouse in connection with the revoked election. 

  

 63 

	 	(d)	Written Explanation. The Committee shall provide to each Participant, no less than 30 days and no more than 90 days before his Benefit Commencement Date, a written
explanation of: 

  
 (1) the terms
and conditions of the normal mode of payment as described under Subsection (a) of this Section and of each optional mode of payment, including information explaining the relative values of each mode of payment, in accordance with applicable
governmental regulations under section 401(a)(11) of the Code; 
  
 (2) the Participant’s right to waive the normal mode of payment and to elect an optional mode of payment and the effect of such waiver and election; 
  
 (3) the rights of the Participant’s spouse with respect to such waiver and election; and 
  
 (4) the Participant’s right to revoke an election to
receive an optional mode of payment and the effect of such revocation. 
  

	 	(e)	Death of the Participant. 

  
 (1) Spousal Annuity. If such a Participant dies before his Benefit Commencement Date and has a surviving spouse, the
Participant’s spouse shall receive an annuity for the life of the spouse that is the Actuarial Equivalent of the Participant’s nonforfeitable interest in his Transfer Account as of the date of his death. Such annuity may commence at any
time following the date of the Participant’s death, as elected in writing by the spouse, but not later than December 31 of the calendar year in which the Participant would have attained Age 70-1/2. 
  

 64 

 (2) Alternative Modes of Payment. A Participant may elect to waive the
spouse’s annuity described in Paragraph (1) of this Subsection (e) and have his Transfer Account be payable, in the event of his death prior to his Benefit Commencement Date, to his spouse or to a beneficiary other than his spouse, in
accordance with either of the following modes of payment: 
  
 (A) a single sum payment. 
  
 (B) approximately equal monthly, quarterly, semi-annual or annual installments over a period not to exceed the lesser of: 
  
 (i) the life expectancy of the beneficiary (with such life expectancy determined in accordance with applicable regulations under the
Code); or 
  
 (ii) unless the sole beneficiary
is the Participant’s spouse, the maximum number of years determined under Table II of Schedule A. 
  
 Notwithstanding the foregoing, at any time before or after the commencement of installment payments to the beneficiary pursuant to
Paragraph (2)(A) of this Subsection (e), the beneficiary shall have the right to instruct the Trustee to reduce the period over which such payments shall be made, and the Trustee shall adjust the amount of such installments accordingly. 

 
 Moreover, notwithstanding the foregoing provisions of
this Subsection (3), any payments hereunder shall satisfy the following requirements: 
  

 65 

 (A) the entire interest in the Participant’s Transfer Account that is not payable
to a beneficiary designated by the Participant shall be distributed within five years after the Participant’s death; and 
  
 (B) any portion of the Participant’s interest in his Transfer Account that is payable to a beneficiary designated by the Participant
will be distributed either (i) within five years after the Participant’s death, or (ii) over the life of the beneficiary, or over a period certain not extending beyond the life expectancy of the beneficiary, commencing not later than the end of
the calendar year following the calendar year in which the Participant died (or, if the designated beneficiary is the Participant’s surviving spouse, commencing not later than the end of the calendar year following the calendar year in which
the Participant would have attained age 70 1/2. 
  
 (3) Valid Waiver of Spousal Annuity. A Participant’s election to waive the spousal annuity described in Subsection (1) shall not be valid if the Participant’s nonforfeitable interest in his Account exceeds (or has exceeded
at the time of any prior distribution) $5,000 ($3,500 prior to 1998) unless: 
  
 (A) (i) his spouse (or the spouse’s legal guardian if the spouse is legally incompetent) executes a written instrument whereby such spouse: 
  

 66 

 (I) consents not to receive the spouse’s annuity described in Paragraph (1) of this
Subsection (e); and 
  
 (II) if applicable,
consents either: 
  
 (a) to the specific
beneficiary or beneficiaries designated by the Participant pursuant to his waiver of the spouse’s annuity; or 
  
 (b) to the Participant’s right to designate any beneficiary or beneficiaries without further consent by the spouse; and 

 
 (ii) such instrument acknowledges the effect of the
election to which the spouse’s consent is being given and is witnessed by a Plan representative or a notary public; or 
  
 (B) the Participant: 
  
 (i) establishes to the satisfaction of the Committee that his spouse cannot be located; or 
  
 (ii) furnishes a court order to the Committee establishing
that the Participant is legally separated or has been abandoned (within the meaning of local law), unless a qualified domestic 

  

 67 

 
relations order pertaining to such Participant provides that the spouse’s consent must be obtained; or 
  
 (C) the spouse has previously given consent in accordance
with this Subsection and consented to the Participant’s right to choose any optional mode of payment and to designate any beneficiary without further consent by the spouse. The consent of a spouse in accordance with this Paragraph (3) shall not
be effective with respect to other spouses of the Participant prior to the Participant’s Benefit Commencement Date, and an election to which Subparagraph (B) of this Paragraph (3) applies shall become void if the circumstances causing the
consent of the spouse not to be required no longer exist prior to the Participant’s Benefit Commencement Date. 
  
 (4) Time of Waiver. Such election may be made at any time during the period beginning on the first day of the Plan Year in which
the Participant attains Age 35 and ending on the earlier of the date of his death or his Benefit Commencement Date. In the case of a Participant who has a Separation from Service prior to his attainment of Age 35, the period during which such
election may be made with respect to benefits accrued as of his Separation from Service shall begin no later than the date of his Separation from Service. 
  

 68 

 (5) Spouse’s Election of Single Sum. The spouse of a deceased Participant who
did not make the election described in Paragraph (2) of this Subsection (e) who is eligible to receive the annuity described in Paragraph (1) of this Subsection (e) may elect to receive the Participant’s nonforfeitable interest in his Transfer
Account in a single sum in lieu of such annuity. 
  
 (6) Written Explanation. The Committee shall provide to each Participant a written explanation of: 
  
 (A) the terms and conditions of the spouse’s annuity under Paragraph (1) of this Subsection (e); 
  
 (B) the Participant’s and the spouse’s rights to
waive the spouse’s annuity and the effect of such waiver; 
  
 (C) the rights of the Participant’s spouse with respect to the Participant’s waiver of such annuity; and 
  
 (D) the Participant’s right to revoke a waiver of the spouse’s annuity and the effect of such revocation. 
  
 (7) Timeliness of Written Explanation. The written
explanation described in Paragraph (6) shall be provided once during the three-year period that begins on the first day of the Plan Year in which the Participant attains Age 32. In the case of an Employee who first becomes a Participant after he has
attained Age 35, such written notice shall be provided no later than one year after the date the Employee first becomes a Participant. With regard to a Participant who has a Separation from Service before attaining Age 35, such written notice

  

 69 

 
shall be provided no earlier than one year before and no later than one year after the Participant’s Separation from Service. 
  

	 	(f)	Annuity Forms of Payment. Annuity forms of payment shall be provided through the purchase of annuity contracts from an insurance company. 

  

	 	(g)	Use of Transfer Account as Security for Plan Loans. A Participant whose nonforfeitable interest in his Account exceeds (or has exceeded at the time of any prior distribution)
$5,000 ($3,500 prior to 1998) and who does not establish to the satisfaction of the Committee that he has no spouse may use his Transfer Account as security for a loan under Article IX only if: 

  
 (1) (A) his spouse (or the spouse’s legal guardian if
the spouse is legally incompetent) executes a written instrument whereby such spouse consents to the use of the Participant’s Transfer Account as security for the loan within the 90 day period ending on the date the Participant receives the
loan; and 
  
 (B) such instrument acknowledges
the effect of the election to which the spouse’s consent is being given and is witnessed by a Plan representative or a notary public; or 
  
 (2) the Participant: 
  
 (A) establishes to the satisfaction of the Committee that his spouse cannot be located; or 
  
 (B) furnishes a court order to the Committee establishing
that the Participant is legally separated or has been abandoned (within the meaning of local law), unless a 

  

 70 

 
qualified domestic relations order pertaining to such Participant provides that the spouse’s consent must be obtained. The consent of a spouse to a loan
in accordance with this Subsection (g) shall remain effective with respect to other spouses of the Participant. 
  
 5.12 Optional Modes of Distribution of Transfer Account. 
  

	 	(a)	Optional Modes. Except as provided to the contrary in this Article, a Participant whose nonforfeitable interest in his Account exceeds $5,000 ($3,500 prior to 1998) may elect
in writing to have his nonforfeitable interest in his Transfer Account paid to him or applied for his benefit in accordance with any of the following modes of payment, in lieu of the normal mode of payment described in Section 5.11:

  
 (1) a single sum payment;

  
 (2) approximately equal monthly, quarterly,
semi-annual or annual installments over a period not to exceed the lesser of: 
  
 (A) the life expectancy of the Participant or the joint and survivor life expectancy of the Participant and his beneficiary (with such
life expectancy to be determined in accordance with applicable regulations under the Code); or 
  
 (B) unless the sole beneficiary is the Participant’s spouse, the maximum number of years determined under Table II of Schedule A;

  

 71 

 (3) a single life annuity with equal monthly installments payable to the retired
Participant for his lifetime, which annuity shall be the Actuarial Equivalent of the Participant’s Transfer Account; or 
  
 (4) a joint and survivor annuity with any individual designated beneficiary, payable in monthly installments to the Participant for his
lifetime and with fifty percent (50%) or one hundred percent (100%) of the amount of such monthly installment payable after the death of the Participant to the designated beneficiary of such Participant, if then living, for the life of such
designated beneficiary, which annuity shall be the Actuarial Equivalent of the Participant’s Transfer Account, provided, that, notwithstanding the foregoing, the percentage payable to the Participant’s beneficiary (unless the beneficiary
is the Participant’s spouse) after the Participant’s death may not exceed the applicable percentage from Table I in Schedule A. 
  

	 	(b)	Manner of Election. A Participant may elect an optional mode of payment under this Section 5.12 by filing a written notice with the Committee in the form and manner
prescribed by the Committee and in no other. The following rules shall be applied in a uniform and non-discriminatory manner with respect to the election of optional modes of payments. 

  
 (1) A Participant may elect an optional mode of payment at
any time during the period that begins 90 days prior to his Benefit Commencement Date and ends on his Benefit Commencement Date. If a Participant elects a life annuity form of benefit under Paragraph (3) or (4) of Subsection 5.12(a), and if the
Participant’s Benefit Commencement Date is less than 90 days after the date 

  

 72 

 
on which the Participant notifies the Committee of his intent to begin receiving benefits, the election period shall end 90 days after the date such notice
is given, and benefit payments shall begin on the first day of the month coincident with or next following the end of such election period, with benefit payments made retroactively to the Participant’s Benefit Commencement Date. 
  
 (2) A Participant may revoke an election under this Section
(b). Such revocation may be made at any time during the election period in which such election can be made. Such revocation shall not void any prospectively effective consent given by his spouse in connection with the revoked election. 

 
 (3) If a Participant’s spouse or other designated
beneficiary dies before the Participant’s Benefit Commencement Date, but after an election of a joint and survivor annuity has been made hereunder, the election shall be automatically revoked. Any annuity contracts purchased by the Committee to
provide a joint and survivor annuity shall so provide. 
  
 5.13
Other Distributions. 
  

	 	(a)	Upon the sale to an entity, that is not an Affiliated Company, of substantially all the assets used by a Participating Company in the trade or business of such Participating
Company, a Participant who continues employment with the corporation acquiring such assets shall be entitled to have his Account paid to him. 

  

	 	(b)	 Upon the sale by a Participating Company to an entity, that is not an Affiliated Company, of such Participating Company’s interest in a subsidiary, a
Participant 

  

 73 

	 	 
who continues employment with such subsidiary shall be entitled to have his Account paid to him. 

  

	 	(c)	Distributions to Participants described in Subsections (a) and (b) above shall be made pursuant to the provisions of this Article as if the Participant’s Separation from
Service had occurred on the closing date of the sale; provided, however that no distribution shall be made under this Section unless: 

  
 (1) it is a lump sum distribution as defined by section 402(e)(4) of the Code, without regard to clauses (i), (ii), (iii) and (iv) of
subparagraph (A), subparagraph (B), or subparagraph (H); and 
  
 (2) the Participating Company continues to maintain the Plan. 
  

 74 

 ARTICLE VI 
  
 VESTING 
  
 6.1 Nonforfeitable Amounts. 
  

	 	(a)	A Participant shall have a 100% nonforfeitable interest at all times in his Salary Reduction, Matching, Rollover, Transfer, and Fail-Safe Contribution Accounts.

  

	 	(b)	(1) A Participant who is credited with one or more Hours of Service as an Employee on or after January 1, 1989, shall have a nonforfeitable interest in his Profit Sharing Account
determined in accordance with the following schedule: 

  

			
	 Years of Service

	  	Nonforfeitable
Interest

	 less than 3 years
	  	0 percent
	 3 years
	  	20 percent
	 4 years
	  	40 percent
	 5 years
	  	60 percent
	 6 years
	  	80 percent
	 7 years or more
	  	100 percent

  
 (2)
Notwithstanding the foregoing, a Participant shall have a 100% nonforfeitable interest in his Profit Sharing Account if, while an Employee, he attains his Normal Retirement Age, he dies, or he suffers a Total Disability. 
  
 6.2 Years of Service for Vesting. For the purposes of this Article, an
Employee shall be credited with a Year of Service for each Plan Year (including Plan Years before the Effective Date) during which he is credited with 1,000 or more Hours of Service. 
  
 6.3 Breaks in Service and Loss of Service. 
  

	 	(a)	An Employee’s Years of Service shall be cancelled if he incurs a Break in Service before his Normal Retirement Date and at a time when (1) he has no nonforfeitable interest in
any of his Accounts, other than his Rollover or Transfer Account(s) or (2) he has no Account under the Plan. 

  

 75 

	 	(b)	Except as provided in Subsections (c) and (d) of this Section 6.3, an Employee or former Employee shall incur a Break in Service in any Plan Year in which he is not credited with
more than 500 Hours of Service and is not an Employee as of the last day of the Plan Year. 

  

	 	(c)	If an Employee is absent for one or more of the following reasons, then, to the extent he is not otherwise credited with Hours of Service with respect to such absence, he shall be
credited with an Hour of Service, solely for purposes of Subsection (b) of this Section 6.3, for each Hour of Service with which he would have been credited if he had continued to be actively employed during the period of absence due to:

  
 (1) layoff for a period not in
excess of one year; 
  
 (2) leave of absence with
the approval of the Committee for a period not in excess of one year, unless such period is extended by the Committee; 
  
 (3) military service such that his right to reemployment is protected by law. 
  

	 	(d)	 If an Employee is absent from work by reason of pregnancy, childbirth, or placement in connection with adoption, or for purposes of the care of such Employee’s
child immediately after birth or placement in connection with adoption, such Employee shall be credited, solely for purposes of Subsection (b) of this Section 6.3, with the Hours of Service with which such Employee would have been credited but for
the absence; or, if such hours cannot be determined, with eight Hours of Service per normal workday. The total number of hours to be treated as Hours of Service under this Subsection shall not exceed 501. The hours 

  

 76 

	 	 
described in this Subsection shall be credited either for the Plan Year in which the absence from work begins, if the Employee would be prevented from
incurring a Break in Service in such Plan Year because the period of absence is treated as Hours of Service under this Subsection, or, in any other case, for the Plan Year next following the one in which the absence from work begins.

  
 6.4 Restoration of Service. The Years
of Service of an Employee whose Years of Service have been cancelled pursuant to Section 6.3 shall be restored to his credit if he thereafter completes an Hour of Service at a time when the number of his consecutive Breaks in Service is less than
the greater of (a) the number of Years of Service to his credit when the first such Break in Service occurred, or (b) five. 
  
 6.5 Forfeitures and Restoration of Forfeited Amounts upon Reemployment. 
  

	 	(a)	If a Participant who has had a Separation from Service does not thereafter complete an Hour of Service before the end of the Plan Year in which occurs the earlier of:

  
 (1) the date on which he
receives or is deemed to receive a distribution of his entire nonforfeitable interest in his Account, which is less than 100%; or 
  
 (2) the date on which he incurs his fifth consecutive one-year Break in Service, his Profit Sharing Account shall be closed, and the
forfeitable amount held therein shall be forfeited. For purposes of this Subsection (a), a Participant who has a Separation from Service at a time when his nonforfeitable interest in the Plan is zero shall be deemed to have received a distribution
described in Paragraph (1) of this Subsection (a) on the date of such Separation from Service. 
  

 77 

	 	(b)	After application of Subsection 6.5(c), any remaining amounts forfeited from a Participant’s Profit Sharing Account under Subsection 6.5(a) shall be reallocated to the Profit
Sharing Accounts of Profit Sharing Participants as of the end of the Plan Year during which the forfeiture occurs pursuant to Section 3.5. 

  

	 	(c)	If a Participant who has received (or is deemed to have received) a distribution described in Section 6.5(a)(1), whereby any part of his Account has been forfeited, again becomes a
Covered Employee prior to incurring five consecutive one-year Breaks in Service, the amount so forfeited shall be restored to his new Profit Sharing Account. Amounts restored under this Subsection shall be charged against the following amounts in
the following order of priority: (A) forfeitures for the Plan Year, (B) income or gains to the Plan, and (C) Company contributions for the Plan Year. If the foregoing amounts are insufficient, the Participating Company by whom such Participant is
reemployed shall make any additional contribution necessary to accomplish the restoration. 

  

	 	(d)	If a Participant has received a distribution under the Plan, other than a distribution of his entire nonforfeitable interest in his Account upon his Separation from Service, at a
time when he has less than a 100% nonforfeitable interest in his entire Account and prior to the date on which he incurs his fifth consecutive one-year Break in Service, his nonforfeitable interest in his Account at all times prior to the date on
which he incurs his fifth consecutive one-year Break in Service, shall be the difference between: 

  
 (1) the amount his nonforfeitable interest would have been if he had not received the distribution; and 
  

 78 

 (2) the amount to which the distribution would have increased or decreased if it had
remained in the Fund. Immediately after the Participant has five consecutive one-year Breaks in Service, his nonforfeitable interest determined under this Subsection, if in excess of zero, shall be established as a separate account, and he shall at
all times have a nonforfeitable interest therein. If the Participant is later reemployed as a Covered Employee, any allocations to him shall be credited to a new account, and his nonforfeitable interest therein shall be determined under Section 6.1.

  

	 	(e)	If a Participant has had five consecutive one-year Breaks in Service and again becomes a Covered Employee, the amount forfeited under Subsection (a) of this Section shall not be
restored to his new Profit Sharing Account under any circumstances. 

  
 6.6 Amendment of Vesting Schedule. If the vesting schedule in this Article VI is amended, or the Plan is amended in any way that directly or indirectly affects the computation of a Participant’s
nonforfeitable percentage in his Profit-Sharing Account or if the Plan is deemed amended by an automatic change to or from a top-heavy vesting schedule, each Participant with at least 3 years of service with the Company may elect, within a
reasonable period after the adoption of the amendment or change, to have the nonforfeitable percentage in his Profit-Sharing Account computed under the Plan without regard to such amendment or change. For participants who do not have at least 1 hour
of service in any Plan Year beginning after December 31, 1988, the preceding sentence shall be applied by substituting “5 years of service” for “3 years of service” where such language appears. 
  

 79 

 The period during which the election may be made shall commence with the date the amendment is adopted or
deemed to be made and shall end on the latest of: 
  
 (1) 60 days after the amendment is adopted; 
  
 (2) 60 days after the amendment becomes effective; or 
  
 (3) 60 days after the Participant is issued written notice of the amendment by the Company or Plan administrator, when and if the Company is not the Plan administrator. 
  

 80 

 ARTICLE VII 
  
 ROLLOVER CONTRIBUTIONS 
  
 7.1 Rollover Contributions. 
  

	 	(a)	Subject to the restrictions set forth in Subsection 7.1(b), a Covered Employee may transfer or have transferred directly to the Fund, from any qualified retirement plan of a former
employer, all or a portion of his interest in the distributing plan. In addition, a Covered Employee who has established an individual retirement account to hold distributions received from qualified retirement plans of former employers may transfer
all of the assets of such individual retirement account to the Fund. Such individual retirement account shall not contain nondeductible contributions made by the Employee while he was a participant in such plans. 

  

	 	(b)	Restrictions. The Trustee shall not accept a distribution from any other qualified retirement plan or from an individual retirement account unless the following conditions
are met: 

  
 (1) (A) the
distribution being transferred must come directly from the fiduciary of the plan of the former employer, or 
  
 (B) it must come from the Employee within 60 days after the Employee receives a distribution from such other qualified retirement plan or
individual retirement account and must comply with the provisions of section 402(a)(5), 403(a)(4), or 408(d)(3) of the Code, whichever applies; 
  

 81 

 (2) distributions from a plan for a self-employed person shall not be transferred to this
Plan, unless the transfer is directly to the Fund from the funding agent of the distributing plan; 
  
 (3) the interest being transferred shall not include assets from any plan to the extent that the Committee determines that the transfer of
such interest (A) would impose upon this Plan requirements as to form of distribution that would not otherwise apply hereunder, (B) would otherwise result in the elimination of Code section 411(d)(6) protected benefits, or (C) would cause the Plan
to be a direct or indirect transferee of a plan to which the joint and survivor annuity requirements of sections 401(a)(11) and 417 of the Code apply; and 
  
 (4) the interest being transferred shall not contain nondeductible contributions made to the distributing plan by the Employee.

  
 7.2 Vesting of Rollover Account. The distributions
transferred by or for a Covered Employee from another qualified retirement plan or from an individual retirement account shall be credited to the Employee’s Rollover Account. An Employee shall be fully vested at all times in his Rollover
Account. 
  
 7.3 Distribution of Rollover Account. An
Employee’s Rollover Account shall be distributed as otherwise provided under the Plan. 
  

 82 

 ARTICLE VIII 
  
 WITHDRAWALS 
  
 8.1 Withdrawals of Rollover Contributions. A Participant may withdraw, not more than once during any Plan Year, up to the total value of the amount
in his Rollover Account, by submitting his written request to the Committee, so long as he requests a withdrawal of an amount that is at least equal to the lesser of the sum of the value of his Rollover Account or $1,000. 
  
 8.2 Hardship Withdrawals. 
  

	 	(a)	Accounts. In addition to the withdrawals permitted under Section 8.1, a Participant may withdraw, not more than once in any Plan Year, under the rules set forth in
Subsections (b) through (e) of this Section 8.2, the following amounts: 

  
 (1) his Salary Reduction Account as of December 31, 1988; plus 
  
 (2) the sum of his Salary Reduction Contributions made after December 31, 1988, plus 
  
 (3) the portion of his Transfer Account other than matching
contributions and profit-sharing contributions (and earnings thereon) counted in the Participant’s actual deferral percentage under the transferor plan for any plan year beginning on or after December 31, 1988 and earnings on elective deferrals
credited to the Participant on or after December 31, 1988. 
  
 (4) Matching Contributions and Profit Sharing Contributions other than Matching Contributions and Profit Sharing Contributions (and income thereon) counted in the Participant’s Actual Deferral Percentage for any
Plan Year beginning on or after December 31, 1988. 
  

 83 

	 	(b)	A withdrawal under Subsection 8.2(a) shall be permitted only if the Committee finds that: 

  
 (1) it is made on account of immediate and heavy financial need (as defined in Subsection 8.2(c)) of the
Participant; and 
  
 (2) it is necessary (as
defined in Subsection 8.2(d)) to satisfy such immediate and heavy financial need. 
  

	 	(c)	Immediate and Heavy Financial Need. A withdrawal under Subsection 8.2(a) will be deemed to be on account of an immediate and heavy financial need if the Participant requests
such withdrawal on account of: 

  
 (1) expenses for medical care described in section 213(d) of the Code and previously incurred by the Participant, his spouse, or any of the Participant’s dependents (as defined in section 152 of the Code) or necessary for such
individuals to obtain such medical care; or 
  
 (2) costs directly related to the purchase (excluding mortgage payments) of a principal residence of the Participant; or 
  
 (3) the payment of tuition and related educational fees for the next 12 months of post-secondary education for the Participant, his
spouse, children, or dependents (as defined in section 152 of the Code); or 
  
 (4) the need to prevent the eviction of the Participant from his principal residence or foreclosure on the mortgage of his principal residence; or 
  
 (5) such other circumstances or events as may be prescribed by the Secretary of the Treasury or his
delegate. 
  

 84 

	 	(d)	Necessary. A withdrawal under Subsection 8.2(a) shall be deemed to be necessary if: 

  
 (1) the amount of the withdrawal does not exceed the amount of the Participant’s immediate and heavy
financial need, including any amounts necessary to pay any federal, state or local income taxes or penalties reasonably anticipated to result from the withdrawal; 
  
 (2) the Participant has obtained all currently permissible distributions (other than hardship distributions)
and non-taxable loans, if any, under this and all other plans maintained by the Participating Company and all Affiliated Companies; and 
  
 (3) the Participant agrees in writing to be bound by the rules of Subsection 8.2(e). 
  

	 	(e)	Withdrawals from Salary Reduction Account. If a Participant withdraws any amount from his Salary Reduction Account pursuant to Subsection 8.2(b), or withdraws any elective
deferrals under any other qualified retirement plan maintained by the Participating Company or any Affiliated Company, which other plan conditions such withdrawal upon the Participant’s being subject to rules similar to those stated in this
Subsection and Subsection 8.2(d), such Participant: 

  
 (1) may not make Salary Reduction Contributions under this Plan or employee contributions (other than mandatory contributions under a defined benefit plan) or elective deferrals under any other qualified or
non-qualified plan of deferred compensation (which does not include any health or welfare plan, including a health or welfare plan that is part of a cafeteria plan described in 

  

 85 

 
section 125 of the Code) maintained by the Participating Company or an Affiliated Company for a period of 12 months commencing on the date of his receipt of
the withdrawal; and 
  
 (2) in the calendar year
next following the calendar year of such withdrawal, may not make Salary Reduction Contributions or elective deferrals under any other qualified retirement plan maintained by the Participating Company or an Affiliated Company in excess of:

  
 (A) the dollar amount described in Section
3.1(b) for such year, minus 
  
 (B) the total
Salary Reduction Contributions under this Plan and elective deferrals under any other qualified plan made by the Participant during the calendar year of the withdrawal. 
  
 8.3 Withdrawals On and After Attainment of Age 59-1/2. Upon his attainment of Age 59-1/2, a Participant who has a
nonforfeitable interest in his entire Account may withdraw, not more than once during any Plan Year, up to the vested portion in his Account, less amounts previously withdrawn therefrom, by submitting his written request to the Committee.

  
 8.4 Amount and Payment of Withdrawals. The amount of
any withdrawal will be determined on the basis of the value of the Participant’s Account valued as of the Valuation Date coincident with or immediately preceding the date of the withdrawal. Payment will be made in a single sum; provided,
however, that if the value of the nonforfeitable portion of the Participant’s Account exceeds (or has exceeded at the time of any prior distribution) $5,000 ($3,500 prior to 1998), a withdrawal of all or any portion of the Participant’s
Transfer Account under this Article 

  

 86 

 
VIII shall be paid in the normal mode of payment described in Subsection 5.11(a), as applicable, unless the Participant elects to receive a single sum
payment. No election to receive a single sum payment of any amount from the Participant’s Transfer Account shall be valid (if the value of the nonforfeitable portion of the Participant’s Account exceeds (or has exceeded at the time of any
prior distribution) $5,000 ($3,500 prior to 1998), if it would not constitute a valid election under Subsection 5.11(b). Any withdrawal requested under this Section 8.4 shall be paid as soon as practicable following the Committee’s
determination that the requested withdrawal complies with the terms and conditions set forth in this Section 8.4. 
  
 8.5 Withdrawals Not Subject to Replacement. A Participant may not replace any portion of his Accounts withdrawn under this Plan. 
  
 8.6 Pledged Amounts. No amount that has been pledged as security for a
loan under Article IX may be withdrawn under this Article. 
  
 8.7
Investment Medium to be Charged with Withdrawal. Distribution will be made out of the Participant’s interest in the various Investment Media in proportion to the Participant’s share in such Investment Media. 
  
  
 ARTICLE IX 
  
 LOANS TO PARTICIPANTS 

 
 9.1 Loan Application. Each Participant who is an Employee of a
Participating Company and any other Participant or beneficiary who is a party in interest as defined in ERISA, may apply for a loan from the Plan. All applications shall be made to the Committee on forms which it prescribes, and the Committee shall
rule upon such applications in a uniform and nondiscriminatory manner in accordance with the rules and guidelines established in this Article. 
  

 87 

 Not more than one loan shall be made to a Participant or beneficiary from the Plan during any Plan Year. 
  
 9.2 Loan Approval. The Committee shall have the right to reject a loan
application if the Participant has the present intention to take a personal leave of absence during the period of loan repayment or on the basis of a Participant’s credit worthiness and financial need or such other factors as would be
considered in a normal commercial setting by an entity in the business of making loans and as the Committee determines necessary to safeguard the Fund. 
  
 9.3 Amount of Loan. 
  

	 	(a)	Loan Outstanding. In no event shall a Participant be permitted to have more than one loan outstanding at any time from this Plan. 

  

	 	(b)	Minimum Loan. The minimum amount of any loan shall be $1,000. 

  

	 	(c)	Maximum Loan. In no event shall the loan amount exceed fifty percent (50%) of the value of the vested portion of the Participant’s Account determined as of the Valuation
Date immediately preceding the date on which the loan application is received by the Committee. 

  

	 	(d)	The amount of any loan, when added to the amount of a Participant’s outstanding loans under all other plans qualified under section 401(a) of the Code which are sponsored by
the Participating Company or any Affiliated Company shall not exceed the lesser of: 

  
 (1) $50,000, reduced by the excess (if any) of: 
  

(A) the Participant’s highest outstanding balance of loans during the one-year period ending on the day 

  

 88 

 
before the date on which such loan is made to the Participant, over 
  

(B) the outstanding balance of loans made to the Participant on the date such loan is made to the Participant; or 
  
 (2) fifty percent (50%) of the value of the
Participant’s nonforfeitable Account. 
  
 9.4 Terms of
Loan. 
  

	 	(a)	Interest Rate. The interest rate on loans shall be: 

  
 (1) determined by the Committee, 
  
 (2) at least commensurate with rates charged for similar loans by entities in the business of making loans, and 
  
 (3) adjusted from time to time as circumstances warrant.

	 	(b)	Security. 

  
 (1) Security for each loan granted pursuant to this Article shall be, to the extent necessary, the currently unpledged portion of the
Participants vested Account, in the order of priority (among the Participant’s accounts included within the term Account as defined in Article I of the Plan) established by the Committee for all loans granted pursuant to the Plan. 

 
 (2) In no event shall more than fifty percent (50%) of
the Participant’s vested Account as of the date the loan is made be used as security for the loan. 
  
 (3) In its sole discretion, the Committee may require such additional security as it deems necessary. 
  

 89 

 (4) Notwithstanding the foregoing, the Participant’s Transfer Account may not be
used as security for a loan unless: 
  
 (A) (i)
the Participant’s spouse consents in writing to the use of the Participant’s Transfer Account as security for the loan within the 90 day period ending on the date the Participant receives the loan; 
  
 (ii) such consent acknowledges its own effect; and

  
 (iii) such consent is witnessed by a Plan
representative or notary public; or 
  
 (B) the
Participant establishes to the satisfaction of the Committee that he has no spouse or that his spouse’s consent is not required because of such circumstances as are prescribed in applicable governmental regulations. 
  

	 	(c)	Repayment. Each loan shall be evidenced by the Participant’s execution of a personal demand note on such form as shall be supplied by the Committee. Each such note shall
specify that, to the extent repayment is not demanded sooner, repayment shall be included in installments up to a maximum of 60 months from the date on which the loan is distributed. 

  

	 	(d)	 Repayment Frequency. All loans shall be repaid in approximately equal installments (not less frequently than quarterly) through payroll deductions on the
first Payroll Period of each month or in such other manner as the Committee may determine. A Participant may repay the outstanding balance of any loan in one 

  

 90 

	 	 
lump sum at any time by notifying the Committee of his intent to do so and by forwarding to the Committee payment in full of the then outstanding balance,
plus interest accrued to the date of payment. The amount of principal and interest repaid by a Participant shall be credited to a Participant’s Account as each repayment is made. 

  

	 	(e)	Default. If, and only if: 

  
 (1) the Participant dies; or 
  
 (2) the Participant (other than a Participant who continues to be a party in interest) has a Separation from Service; or 
  
 (3) the Compensation of a Participant who is an Employee of
a Participating Company is discontinued or decreased below the amount necessary to amortize the loan; or 
  
 (4) the loan is not repaid by the time the note matures; or 
  
 (5) the Participant attempts to revoke any payroll deduction authorization for repayment of the loan without
the consent of the Committee; or 
  
 (6) the
Participant fails to pay any installment of the loan when due and the Committee elects to treat such failure as default; or 
  
 (7) any other event occurs which the Committee, in its sole discretion, believes may jeopardize the repayment of the loan; before a loan
is repaid in full, the unpaid balance thereof, with interest due thereon, shall become immediately due and payable. The Participant (or his beneficiary, in the event of the Participant’s death) may satisfy the loan by paying the outstanding
balance of the loan within 30 days or within such shorter time as may be specified in the note. If 

  

 91 

 
the loan and interest are not repaid within the time specified, the Committee shall satisfy the indebtedness from the amount of the Participant’s vested
interest in his Account as provided in Section 9.5 before making any payments otherwise due hereunder to the Participant or his beneficiary. 
  
 9.5 Enforcement. The Committee shall give written notice to the Participant (or his beneficiary in the event of the Participant’s death) of an
event of default described in Subsection 9.4(e). If the loan and interest are not paid within thirty (30) days of the date of the notice, or within such shorter time period as may be specified in the notice, the amount of the Participant’s
vested interest in his Account, excluding his Salary Reduction Account, Matching Contribution Account, the portion of his Transfer Account attributable to elective deferrals and matching contributions counted in the Participant’s actual
deferral percentage, to the extent such Account is security for the loan, shall be reduced (in the order of priority established by the Committee) by the amount of the unpaid balance of the loan, with interest due thereon, and the Participant’s
indebtedness shall thereupon be discharged to the extent of the reduction. In addition, if the value of the Participant’s total vested interest in his Account (exclusive of his Salary Reduction Account, Matching Contribution Account and the
portion of his Transfer Account described above) pledged as security for the loan is insufficient to discharge fully the Participant’s indebtedness, the Participant’s Salary Reduction Account and Matching Contribution Account and the
portion of his Transfer Account attributable to elective deferrals and matching contributions counted in the Participant’s actual deferral percentage, shall be used to reduce (in the order of priority established by the Committee) the
Participant’s indebtedness at such time as the Participant is entitled to a distribution under Article V or a withdrawal under Article VIII from his Salary Reduction Account and Matching Contribution Account, and any remaining 

  

 92 

 
amounts in his Profit Sharing Account (and any remaining profit-sharing contributions included in his Transfer account) shall be used to reduce the
Participant’s indebtedness at such time as the Participant has a Separation from Service. Such action shall not operate as a waiver of the rights of the Company, the Committee, the Trustee, or the Plan under applicable law. The Committee also
shall be entitled to take any and all other actions necessary and appropriate to foreclose upon any property other than the Participant’s Account pledged as security for the loan or to otherwise enforce collection of the outstanding balance of
the loan. 
  
 9.6 Additional Rules. The Committee may
establish additional rules relating to Participant loans under the Plan, which rules shall be applied on a uniform and non-discriminatory basis. 
  
 ARTICLE X 
  
 ADMINISTRATION 
  
 10.1 Committee. If the Company designates one or more individuals as the Committee, the powers and duties of the Committee under the Plan shall be exercised by the Committee; otherwise all such powers and
duties shall be exercised by the Company. The Committee shall be the named fiduciary which shall control and manage the operation of the Plan and shall administer the Plan. The Committee members may, but need not, be Employees, and they shall serve
at the pleasure of the Company. They shall be entitled to reimbursement of expenses, but those members of the Committee who are also Employees of a Participating Company shall receive no compensation for their service on the Committee. Any
reimbursement of expenses of the Committee members shall be paid directly by the Company. The Committee shall be responsible for the general administration of the Plan under the policy guidance of the Company, which is the Plan administrator as
defined in Section 414(g) of the Code. 
  

 93 

 10.2 Duties and Powers of Committee. In addition to the duties and powers described elsewhere
hereunder, the Committee shall have the following specific duties and powers: 
  

	 	(a)	to retain such consultants, accountants and attorneys as may be deemed necessary or desirable to render statements, reports, and advice with respect to the Plan and to assist the
Committee in complying with all applicable rules and regulations affecting the Plan; any consultants, accountants and attorneys may be the same as those retained by the Company; 

  

	 	(b)	to decide appeals under this Article; 

  

	 	(c)	to enact uniform and nondiscriminatory rules and regulations to carry out the provisions of the Plan; 

  

	 	(d)	to resolve questions or disputes relating to eligibility for benefits or the amount of benefits under the Plan; 

  

	 	(e)	to make findings of fact and to construe and interpret and supply omissions with respect to the provisions of the Plan; 

  

	 	(f)	to determine whether any domestic relations order received by the Plan is a qualified domestic relations order as provided in section 414(p) of the Code; 

 

	 	(g)	to evaluate administrative procedures; 

  

	 	(h)	to appoint one or more investment managers, as such term is defined in section 3(38) of ERISA; 

  

	 	(i)	to select the Investment Media in which the Accounts of Participants may be invested pursuant to Section 11.5; and 

  

	 	(j)	 to delegate such duties and powers as the Committee shall determine from time to time to any person or persons. To the extent of any such delegation, the delegate

  

 94 

	 	 
shall have the duties, powers, authority and discretion of the Committee. Any decisions, determinations or findings of fact made by the Committee pursuant to
its duties and powers described in the Plan shall be conclusive and binding upon all parties. The Committee shall have sole discretion in carrying out its responsibilities. The expenses incurred by the Committee in connection with the operation of
the Plan, including, but not limited to, the expenses incurred by reason of the engagement of professional assistants and consultants, shall be expenses of the Plan and shall be payable from the Fund at the direction of the Committee. The
Participating Companies shall have the option, but not the obligation, to pay any such expenses, in whole or in part, and, by so doing, to relieve the Fund from the obligation of bearing such expenses. Payment of any such expenses by a Participating
Company on one occasion shall not bind that Participating Company to pay any similar expenses on any subsequent occasion. 

  

	 	(k)	 The Committee shall also have the authority and discretion to engage an Administrative Delegate who shall perform, without discretionary authority or control,
administrative functions within the framework of policies, interpretations, rules, practices, and procedures adopted by the Committee. Any action made or taken by the Administrative Delegate within such framework may be appealed by an affected
Participant to the Committee in accordance with the claims review procedures provided in Section 10.4. Any decisions which call for interpretations of Plan provisions not previously made by the Committee shall be made only by the Committee. The
Administrative Delegate shall not be considered a named fiduciary with respect to the administrative services it provides within the 

  

 95 

	 	 
framework described in this paragraph (k), but if the Administrative Delegate also is the Trustee it shall be a fiduciary in its capacity as Trustee as
provided in Section 11.4. 

  
 10.3
Functioning of Committee. The Committee and those persons or entities to whom the Committee has delegated responsibilities shall keep accurate records and minutes of meetings, interpretations, and decisions. The Committee shall act by
majority vote of the members, and such action shall be evidenced by a written document. 
  
 10.4 Disputes. 
  

	 	(a)	If the Committee denies, in whole or in part, a claim for benefits by a Participant or his beneficiary, the Committee shall furnish notice of the denial to the claimant, setting
forth: 

  
 (1) the specific reasons
for the denial; 
  
 (2) specific reference to the
pertinent Plan provisions on which the denial is based; 
  
 (3) a description of any additional information necessary for the claimant to perfect the claim and an explanation of why such information is necessary; and 
  
 (4) appropriate information as to the steps to be taken if
the claimant wishes to submit his claim for review. Such notice shall be forwarded to the claimant within 90 days of the Committee’s receipt of the claim; provided, however, that in special circumstances the Committee may extend the response
period for up to an additional 90 days, in which event it shall notify the claimant 

  

 96 

 
in writing of the extension, and shall specify the reason or reasons for the extension. 
  

	 	(b)	Within 60 days of receipt of a notice of claim denial, a claimant or his duly authorized representative may petition the Committee in writing for a full and fair review of the
denial. The claimant or his duly authorized representative shall have the opportunity to review pertinent documents and to submit issues and comments in writing to the Committee. The Committee shall review the denial and shall communicate its
decision and the reasons therefor to the claimant in writing within 60 days of receipt of the petition; provided, however, that in special circumstances the Committee may extend the response period for up to an additional 60 days, in which event it
shall notify the claimant in writing prior to the commencement of the extension. The appeals procedure set forth in this Subsection (b) shall be the exclusive means for contesting a decision denying benefits under the Plan. 

 
 10.5 Indemnification. Each member of the Committee, and any other
person who is an Employee or director of a Participating Company or an Affiliated Company shall be indemnified and held harmless by the Company against and with respect to all damages, losses, obligations, liabilities, liens, deficiencies, costs and
expenses, including without limitation, reasonable attorney’s fees and other costs incident to any suit, action, investigation, claim or proceedings to which he may be a party by reason of his performance of administrative functions and duties
under the Plan, except in relation to matters as to which he shall be held liable for an act of willful misconduct in the performance of his duties. The foregoing right to indemnification shall be in addition to such other rights as the Committee
member or other person may enjoy as a 

  

 97 

 
matter of law or by reason of insurance coverage of any kind. Rights granted hereunder shall be in addition to and not in lieu of any rights to
indemnification to which the Committee member or other person may be entitled pursuant to the by-laws of the Participating Company. 
  

 98 

 ARTICLE XI 
  
 THE FUND 
  
 11.1 Designation of Trustee. The Company, by appropriate resolution of its Board of Directors, if any, shall name and designate a Trustee and shall
enter into a Trust Agreement. The Company shall have the power, by appropriate resolution of its Board of Directors, to amend the Trust Agreement, remove the Trustee, and designate a successor Trustee, as provided in the Trust Agreement. All of the
assets of the Plan shall be held by the Trustee for use in accordance with the Plan. 
  
 11.2 Exclusive Benefit. Prior to the satisfaction of all liabilities under the Plan in the event of termination of the Plan, no part of the corpus or income of the Fund shall be used for or diverted to purposes
other than for the exclusive benefit of Participants and their beneficiaries except as expressly provided in this Plan and in the Trust Agreement. 
  
 11.3 No Interest in Fund. No person shall have any interest in or right to any part of the assets or income of the Fund, except to the extent
expressly provided in this Plan and in the Trust Agreement. 
  
 11.4 Trustee. The Trustee shall be the fiduciary with respect to management and control of Plan assets held by it and shall have exclusive and sole responsibility for the custody and investment thereof in accordance with the Trust
Agreement. 
  
 11.5 Investments. 
  

	 	(a)	 Except as provided in Subsection 11.5(e), the Trustee shall invest Salary Reduction Contributions, Rollover Contributions, Matching Contributions, Profit Sharing
Contributions, and Fail-Safe Contributions paid to it and income thereon, plus any Transfer Accounts and income thereon, in such Investment Media as 

  

 99 

	 	 
each Participant may select in accordance with this Section. Such investments acquired in the manner prescribed by the Plan shall be held by or for the
Trustee. 

  

	 	(b)	Selection. 

  
 (1) Except as provided in Subsection 11.5(e), a Participant shall select one or more of the Investment Media in which his Accounts shall
be invested, and the percentage thereof that shall be invested in each Investment Medium selected; provided that a Participant’s Account may be invested in the available Investment Media in 10% increments. 
  
 (2) In the event a Participant fails to make an election
pursuant to this Section, amounts allocated to his Account shall be invested in the most conservative of the Investment Media as determined by the Committee. 
  

(3) A Participant may amend such selection by prior notice to the Committee, effective as of such dates determined by the Committee, by
giving prior notice to the Committee. Such amendments will be subject to the other requirements of this Section. 
  

	 	(c)	A Participant may transfer, effective as of such dates determined by the Committee, such portion of the value of his interest in any Investment Medium to another Investment Medium,
as may be permitted by the Committee. 

  

	 	(d)	The amounts contributed by all Participants to each Investment Medium shall be commingled for investment purposes. 

  

	 	(e)	The Trustee may hold assets of the Fund and make distributions therefrom in the form of cash without liability for interest, if for administrative purposes it becomes necessary or
practical to do so. 

  

 100 

 ARTICLE XII 
  
 AMENDMENT OR TERMINATION OF THE PLAN 
  
 12.1 Power of Amendment and Termination. 
  

	 	(a)	It is the intention of each Participating Company that this Plan will be permanent. However, each Participating Company reserves the right to terminate its participation in this
Plan at any time by action of its board of directors or other governing body. Furthermore, the Company reserves the power to amend or terminate the Plan at any time by action of the Board of Directors, or, in the case of an amendment that does not
substantially alter the nature or expense of the Plan, by the Committee without Board approval. 

  

	 	(b)	Each amendment to the Plan shall be binding on each Participating Company if such Participating Company: 

  
 (1) consents to such amendment at any time; or 
  
 (2) fails to object thereto within thirty days after
receiving notice thereof. 
  

	 	(c)	 Any amendment or termination of the Plan shall become effective as of the date designated by the Board of Directors. Except as expressly provided elsewhere in the
Plan, prior to the satisfaction of all liabilities with respect to the benefits provided under this Plan, no amendment or termination shall cause any part of the monies contributed hereunder to revert to the Participating Companies or to be diverted
to any purpose other than for the exclusive benefit of Participants and their beneficiaries. Upon termination or partial termination of the Plan, or upon 

  

 101 

	 	 
complete discontinuance of contributions, the rights of all affected persons to benefits accrued to the date of such termination shall be nonforfeitable.
***In addition the Committee in its sole discretion may fully vest the Matching Company Contributions Accounts and Discretionary Company Contributions Accounts of a group of Participants because they are affected by a business divestiture, layoff or
other similar transaction, in which case the rules relating to a partial termination described or referred to above shall apply (even when a true “partial termination” under Code Section 411(d)(3) has not occurred). Upon termination of the
plan without establishment or maintenance of another defined contribution plan (other than an employee stock ownership plan as defined in section 4975(e)(7) of the Code), Accounts shall be distributed in accordance with applicable law.

  
 12.2 Merger. The Plan shall not be
merged with or consolidated with, nor shall its assets be transferred to, any other qualified retirement plan unless each Participant would receive a benefit after such merger, consolidation, or transfer (assuming the Plan then terminated) which is
of actuarial value equal to or greater than the benefit he would have received from his Account if the Plan had been terminated on the day before such merger, consolidation, or transfer. 
  

 102 

 ARTICLE XIII 
  
 TOP-HEAVY PROVISIONS 
  
 13.1 General. The following provisions shall apply automatically to the Plan and shall supersede any contrary provisions for each Plan Year in
which the Plan is a Top-Heavy Plan (as defined below). It is intended that this Article shall be construed in accordance with the provisions of section 416 of the Code. 
  
 13.2 Definitions. The following definitions shall supplement those set forth in Article I of the Plan: 
  

	 	(a)	“Aggregation Group” means this plan and each other qualified retirement plan (including a frozen plan or a plan which has been terminated during the 60-month period
ending on the Determination Date) of a Participating Company or an Affiliated Company: 

  
 (1) in which a Key Employee is a participant; or 
  

(2) which enables any plan in which a Key Employee participates to meet the requirements of sections 401(a)(4) or 410 of the Code; or

  
 (3) without the inclusion of which, the plans
in the Aggregation Group would be Top-Heavy Plans, but, with the inclusion of which, the plans in the Aggregation Group are not Top-Heavy Plans and, taken together, meet the requirements of sections 401(a)(4) and 410 of the Code. 
  

	 	(b)	“Determination Date” means, for any Plan Year, the last day of the preceding Plan Year. 

  

	 	(c)	“Key Employee” means, with respect to any Plan Year: 

  

 103 

 (1) any Employee or former Employee who at any time during the 60-month period ending on
the Determination Date was: 
  
 (A) an officer
of a Participating Company having Compensation for a Plan Year during such period greater than fifty percent (50%) of the amount in effect under section 415(b)(1)(A) of the Code for the calendar year in which such Plan Year ends; provided, that no
more than 50 Employees (or, if less, the greater of three Employees or ten percent (10%) of the greatest number of Employees employed by all Participating Companies and all Affiliated Companies during such 60-month period, but excluding employees
described in section 414(q)(8) of the Code) shall be treated as officers; or 
  
 (B) one of the 10 Employees having Compensation greater than the amount described in section 415(c)(1)(A) of the Code and owning (or are considered as owning, within the meaning of section 318 of the Code) the largest
interests in any Participating Company or Affiliated Company, provided that such interest exceeds one-half of one percent (0.5%) of the total share ownership of the Participating Company or Affiliated Company, the total number of individuals
described in this Subparagraph (B) being limited to 10 for the entire 60-month period; or 
  

 104 

 (C) a five-percent (5%) owner of a Participating Company; or 
  
 (D) a one-percent (1%) owner of a Participating Company
having Compensation in excess of $150,000; or 
  
 (2) a beneficiary of an individual described in Paragraph (1) of this Subsection. For purposes of this Subsection, Compensation shall include elective deferrals under sections 125, 402(a)(8), 402(h), 403(b) and 457 of the Code [and, for
Plan Years beginning on and after January 1, 2001, under Code Section 132(f)(4)]. Determinations under this Subsection shall be made in accordance with section 416(i) of the Code. 
  

	 	(d)	“Key Employee Ratio” means, for any Determination Date, the ratio of the amount described in Paragraph (1) of this Subsection to the amount described in Paragraph
(2) of this Subsection, after deducting from each such amount any portion thereof described in Paragraph (3) of this Subsection, where: 

  
 (1) the amount described in this Paragraph (1) is the sum of: 
  
 (A) the present value of all accrued benefits of Key Employees under all qualified defined benefit plans
included in the Aggregation Group; plus 
  
 (B)
the balances in all of the accounts of Key Employees under all qualified defined contribution plans included in the Aggregation Group; plus 
  
 (C) the amounts distributed from all plans in such Aggregation Group to or on behalf of any Key 

  

 105 

 
Employee during the period of five Plan Years ending on the Determination Date, except any benefit paid on account of death to the extent it exceeds the
accrued benefits or account balances immediately prior to death; 
  
 (2) the amount described in this Paragraph (2) is the sum of: 
  
 (A) the present value of all accrued benefits of all participants under all qualified defined benefit plans included in the Aggregation
Group; plus 
  
 (B) the balances in all of the
accounts of all participants under all qualified defined contribution plans included in the Aggregation Group; plus 
  
 (C) the amounts distributed from all plans in such Aggregation Group to or on behalf of any participant during the period of five Plan
Years ending on the Determination Date; and 
  
 (3) the amount described in this Paragraph (3) is the sum of: 
  
 (A) all rollover contributions (or fund to fund transfers) to the Plan by an Employee after December 31, 1983 from a plan sponsored by an employer which is not a Participating Company or an Affiliated Company; plus

  
 (B) any amount that is included in
Paragraphs (1) and (2) of this Subsection for a person who is a 

  

 106 

 
Non-Key Employee as to the Plan Year of reference but who was a Key Employee as to any earlier Plan Year; plus 
  
 (C) for Plan Years beginning after December 31, 1984, any
amount that is included in Paragraphs (1) and (2) of this Subsection for a person who has not performed any services for any Participating Company during the five-year period ending on the Determination Date. The present value of accrued benefits
under any defined benefit plan shall be determined on the basis of the method used for accrual purposes for all plans maintained by all Participating Companies and Affiliated Companies if a single method is used by all such plans, or, otherwise, the
slowest accrual method permitted under section 411(b)(1)(C) of the Code. 
  

	 	(e)	“Non-Key Employee” means, for any Plan Year: 

  
 (1) an Employee or former Employee who is not a Key Employee with respect to such Plan Year; or 
  
 (2) a beneficiary of an individual described in Paragraph
(1) of this Subsection. 
  

	 	(f)	“Super Top-Heavy Plan” means, for any Plan Year, each plan in the Aggregation Group for such Plan Year if, as of the applicable Determination Date, the Key Employee
Ratio exceeds ninety percent (90%). 

  

 107 

	 	(g)	“Top-Heavy Compensation” means, for any Participant for any Plan Year, the average of his annual Compensation over the period of five consecutive Plan Years (or, if
shorter, the longest period of consecutive Plan Years during which the Participant was in the employ of any Participating Company) yielding the highest average, disregarding: 

  
 (1) Compensation for Plan Years ending prior to January 1,
1984; and 
  
 (2) Compensation for Plan Years
after the close of the last Plan Year in which the Plan was a Top-Heavy Plan. 
  

	 	(h)	“Top-Heavy Plan” means, for any Plan Year, each plan in the Aggregation Group for such Plan Year if, as of the applicable Determination Date, the Key Employee Ratio
exceeds sixty percent (60%). 

  

	 	(i)	“Year of Top-Heavy Service” means, for any Participant, a Plan Year in which he completes 1,000 or more Hours of Service, excluding: 

  
 (1) Plan Years commencing prior to January 1, 1984; and

  
 (2) Plan Years in which the Plan is not a
Top-Heavy Plan. 
  
 13.3 Minimum Contribution for Non-Key
Employees. 
  

	 	(a)	 In each Plan Year in which the Plan is a Top-Heavy Plan, each Eligible Employee who is a Non-Key Employee (except an Eligible Employee who is a Non-Key Employee as
to the Plan Year of reference but who was a Key Employee as to any earlier Plan Year) and who is an Employee on the last day of such Plan Year will receive a total minimum Participating Company or Affiliated Company contribution (including
forfeitures) under all plans described in Paragraphs (a)(1) and (a)(2) of Section 14.2 of not less than three percent (3%) of the Eligible 

  

 108 

	 	 
Employee’s Compensation for the Plan Year. Elective deferrals to such plans made on behalf of a Participant in plan years beginning after December 31,
1984 but before January 1, 1989 shall be deemed to be Company contributions for the purpose of this Subsection. Elective deferrals and employer matching contributions to such plans in plan years beginning on or after January 1, 1989 shall not be
used to meet the minimum contribution requirements of this Subsection. 

  

	 	(b)	The percentage set forth in Subsection (a) shall be reduced to the percentage at which contributions, including forfeitures, are made (or are required to be made) for a Plan Year
for the Key Employee for whom such percentage is the highest for that Plan Year. This percentage shall be determined for each Key Employee by dividing the contribution for such Key Employee by his Compensation for the Plan Year. All defined
contribution plans required to be included in an Aggregation Group shall be treated as one plan for the purpose of this Section; however, this Section shall not apply to any plan which is required to be included in the Aggregation Group if such plan
enables a defined benefit plan in the group to meet the requirements of section 401(a)(4) or section 410 of the Code. 

  

	 	(c)	 If a Non-Key Employee described in Subsection (a) participates in both a defined benefit plan and a defined contribution plan described in Paragraphs (a)(1) and
(a)(2) of Section 13.2, the Participating Company is not required to provide such Employee with both the minimum benefit under the defined benefit plan and the minimum contribution. In such event, the Non-Key Employee shall not receive 

  

 109 

	 	 
the minimum contribution described in this Section if he has the minimum benefit required by section 416 of the Code under the defined benefit Top-Heavy
Plan. 

  
 13.4 Vesting. The vested
interest in his Profit Sharing Account of each Participant with one or more Hours of Service in a Plan Year in which the Plan is a Top-Heavy Plan shall be determined in accordance with the following schedule for any Plan Year in which the Plan is a
Top-Heavy Plan unless Section 6.1 provides more rapid vesting for such Participant: 
  

			
	 Years of Service

	  	Nonforfeitable
Interest

	 less than 2 years
	  	0 percent
	 2 years
	  	20 percent
	 3 years
	  	40 percent
	 4 years
	  	60 percent
	 5 years
	  	80 percent
	 6 years
	  	100 percent

  
 13.5 Adjustment to
Maximum Benefit Limitation. 
  

	 	(a)	For each Plan Year in which the Plan is (1) a Super Top-Heavy Plan or (2) a Top-Heavy Plan and the Board of Directors does not make the election to amend the Plan to provide the
minimum contribution described in Subsection (c), the 1.25 factor in the defined benefit and defined contribution fractions described in Subsection 3.11(c) shall be reduced to 1.0. The adjustment described in this Subsection shall not apply to a
Participant during any period in which the Participant earns no additional accrued benefit under any defined benefit plan and has no employer contributions, forfeitures, or voluntary nondeductible contributions allocated to his accounts under any
defined contribution plan. 

  

	 	(b)	In the case of any Top-Heavy Plan to which Subsection 3.11(e) applies, “$41,500” shall be substituted for “$51,875” in the calculation of the numerator of the
transition fraction. 

  

 110 

	 	(c)	If, in any Plan Year in which the Plan is a Top-Heavy Plan but not a Super Top-Heavy Plan, the Aggregation Group also includes a defined benefit plan, the Board of Directors may
elect to use a factor of 1.25 in computing the denominator of the defined benefit and defined contribution fractions described in Section 3.11. In the event of such election, the minimum contribution described in Subsection 14.3(a) for each Non-Key
Employee who is not covered under a defined benefit plan shall be increased to four percent (4%), and the minimum Company contribution described in Subsection 14.3(c) for each Non-Key Employee who is covered under a defined benefit plan (but who
does not have a minimum benefit under the defined benefit plan equal to the lesser of (1) three percent (3%) of his Top-Heavy Compensation multiplied by his Years of Top-Heavy Service or (2) thirty-percent (30%) of his Top-Heavy Compensation) shall
be increased to seven and one-half percent (7-1/2%). 

  
 ARTICLE XIV 
  
 RIGHTS OF ALTERNATE PAYEES

  
 14.1 General. Except as otherwise provided in this
Article, an Alternate Payee shall have no rights to a Participant’s benefit and shall have no rights under this Plan other than those rights specifically granted to the Alternate Payee pursuant to a Qualified Domestic Relations Order.
Notwithstanding the foregoing, an Alternate Payee shall have the right to appeal the denial of a claim for any benefits awarded to the Alternate Payee pursuant to a Qualified Domestic Relations Order, as provided in Section 10.4. Any interest of an
Alternate Payee in the Accounts of a Participant, other than an interest payable solely upon the Participant’s death pursuant to a Qualified Domestic Relations Order that provides that the Alternate Payee shall be 

  

 111 

 
treated as the Participant’s surviving spouse, shall be separately accounted for by the Trustee in the name and for the benefit of the Alternate Payee.

  
 14.2 Distribution. 
  

	 	(a)	Notwithstanding anything in this Plan to the contrary, a Qualified Domestic Relations Order may provide that any benefits of a Participant payable to an Alternate Payee shall be
distributed immediately or at any other time specified in the order. If the order does not specify the time at which benefits shall be payable to the Alternate Payee, and the value of benefits payable to the Alternate Payee is $5,000 or less,
($3,500 or less prior to 1998) the benefits shall be distributed to the Alternate Payee immediately. If the value of benefits payable to the Alternate Payee exceeds $5,000 (or $3,500 prior to 1998), the benefits shall be distributed as soon as
practicable following the earlier of the Alternate Payee’s election to receive benefits, or the Alternate Payee’s death. 

  

	 	(b)	If a Qualified Domestic Relations Order does not provide the form of distribution of benefits payable to an Alternate Payee, the Alternate Payee shall have the right to elect
distribution in any form provided under Article V, except that benefits to be paid in installments may not be paid over a period exceeding the life expectancy of the Alternate Payee, determined as of the date of the first distribution.

  

	 	(c)	If the Qualified Domestic Relations Order does not specify the Investment Media from which amounts shall be paid to an Alternate Payee, such amounts shall be distributed from the
Investment Media in which such Accounts are invested on a pro rata basis. 

  

 112 

 14.3 Withdrawals. Unless a Qualified Domestic Relations Order provides to the contrary, an
Alternate Payee shall not be permitted to make any withdrawals under Article VIII. Notwithstanding the foregoing, an Alternate Payee in no event shall have the right to make withdrawals under Section 8.2, and any Qualified Domestic Relations Order
which purports to give an Alternate Payee such a right shall be invalid and unenforceable to that extent. 
  
 14.4 Death Benefits. Unless a Qualified Domestic Relations Order provides to the contrary, an Alternate Payee shall have the right to designate a
beneficiary, in the same manner as provided in Section 5.11 with respect to a Participant (except that no spousal consent shall be required), who shall receive benefits payable to the Alternate Payee which have not been distributed at the time of
the Alternate Payee’s death. If the Alternate Payee does not designate a beneficiary, or if the beneficiary predeceases the Alternate Payee, benefits payable to the Alternate Payee which have not been distributed shall be paid to the Alternate
Payee’s estate. 
  

 113 

 ARTICLE XV 
  
 STATUS AS A MULTIPLE EMPLOYER PLAN 
  
 15.1 General. This Plan is intended to be adopted by separate groups of one or more Participating Companies which are not necessarily Affiliated
Companies with respect to each other Participating Company. 
  
 15.2 Separate Testing. With respect to each separate group of Participating Companies and Affiliated Companies that are not Affiliated Companies with respect to any Participating Companies outside of the group, the Plan shall be
treated as a separate plan, and the following rules shall be applied separately: 
  

	 	(a)	the rules for the identification of Highly Compensated Employees; 

  

	 	(b)	the nondiscrimination tests under Section 3.9; 

  

	 	(c)	the rules governing the determination of whether the Plan is a top-heavy Plan, and the application of the rules that apply to a top-heavy plan; and 

  

	 	(d)	the rules for minimum coverage under section 410(b) of the Code. 

  
 15.3 Other Rules. If the adoption of this Plan by any Participating Company causes this Plan to be a plan described in section 413(c) of the Code,
the following additional rules shall apply: 
  

	 	(a)	Service with any Participating Company and its Affiliated Companies shall be recognized by all Participating Companies for all participation and vesting purposes of this Plan, and
vice versa. 

  

	 	(b)	Deductions with respect to the Plan under section 404 of the Code shall be allocated among all Participating Companies in a reasonable fashion, in accordance with applicable law
under section 413(c) of the Code. 

  

 114 

	 	(c)	Discrimination in participation or benefits or the occurrence of a partial or complete Plan termination shall be determined separately for each separate group of employers which
constitutes a single employer as defined under section 414(b), (c), (m) or (o) of the Code. 

  

	 	(d)	If the Plan is disqualified as to any one Participating Company, it shall be disqualified as to all Participating Companies. 

  
  
 15.4 Participation by Metro-Detroit Pizza, Inc. Metro-Detroit Pizza, Inc. became a Participating Company as of November 1, 1992. For purposes of determining eligibility of an employee of Metro-Detroit Pizza, Inc. to participate in
the Plan and for determining his or her vesting percentage under the Plan, Hours of Service for such employee shall include those hours of service completed prior to November 1, 1992, during which such employee was employed by RPM Pizza, Inc., the
predecessor employer to Metro-Detroit Pizza, Inc. Such hours of service shall be calculated under the terms of this Plan as if the employee’s employment commencement date with RPM Pizza, Inc. were his Employment Commencement Date hereunder.

  

 115 

 ARTICLE XVI 
  
 GENERAL PROVISIONS 
  
 16.1 No Employment Rights. Neither the action of the Company in establishing the Plan, nor of any Participating Company in adopting the Plan, nor
any provisions of the Plan, nor any action taken by the Company, any Participating Company or the Committee shall be construed as giving to any Employee the right to be retained in the employ of the Company or any Participating Company, or any right
to payment except to the extent of the benefits provided in the Plan to be paid from the Fund. 
  
 16.2 Governing Law. Except to the extent superseded by ERISA, all questions pertaining to the validity, construction, and operation of the Plan shall be determined in accordance with the laws of the state of
Michigan. 
  
 16.3 Severability of Provisions. If any
provision of this Plan is determined to be void by any court of competent jurisdiction, the Plan shall continue to operate and, for the purposes of the jurisdiction of that court only, shall be deemed not to include the provisions determined to be
void. 
  
 16.4 No Interest in Fund. No person shall have
any interest in, or right to, any part of the principal or income of the Fund, except as and to the extent expressly provided in this Plan and in the Trust Agreement. 
  
 16.5 Spendthrift Clause. (a) No benefit payable at any time under this Plan and no interest or expectancy herein
shall be anticipated, assigned, or alienated by any Participant or beneficiary, or subject to attachment, garnishment, levy, execution, or other legal or equitable process, except for (a) a Federal tax levy made pursuant to section 6331 of the Code
and (b) any 

  

 116 

 
benefit payable pursuant to a qualified domestic relations order. Any attempt to alienate or assign a benefit hereunder, whether currently or hereafter
payable, shall be void. 
  

	 	(b)	Section 16.5(a) shall not apply to a loan made under Article IX to a Participant or Beneficiary if such loan is secured by the Participant’s Accrued Vested Benefit (within the
meaning of Section 401(a)(13) of the Code) and by reason of Section 4975(d) of the Code is exempt from the tax on prohibited transactions imposed by Section 4975 of the Code. 

  

	 	(c)	 Section 16.5(a) shall apply to the creation, assignment, or recognition of a right to any benefit payable with respect to a Participant pursuant to a domestic
relations order, except that effective January 1, 1985 said paragraph shall not apply if the order is determined by the Committee to be a qualified domestic relations order (as defined in Section 414(p) of the Code), and shall not apply to any
domestic relations order entered before January 1, 1985 if the Fund commenced to pay benefits pursuant to such order on or prior to such date, or if the Fund had not then commenced to pay any such benefits the Committee determines that such order is
valid and compliance with same will not violate any provision of the Code or adversely affect the tax qualified status of the Plan. Notwithstanding any restrictions in this Plan regarding the payment of benefits prior to the date on which a
Participant terminates employment with the Company, a qualified domestic relations order may provide for payment of benefits to any “alternate payee” (as defined in Section 414(p)(8) of the Code) on any date subsequent to the entry of such
order and subsequent to a determination by the Committee that such order is a “qualified domestic relations order” pursuant to Section 414(p) of 

  

 117 

	 	 
the Code, whether or not such payment would be made prior to the Participant’s “earliest retirement age” (as defined in Section 414(p)(4)(B)
of the Code). If a qualified domestic relations order so provides, the Trustee shall pay benefits to the alternate payee from the vested portion of a Participant’s Account as required by the qualified domestic relations order.

  
 Section 16.5(a) shall not apply to any
offset of a Participant’s benefits provided under the Plan against an amount that the Participant is ordered or required to pay to the Plan if – the order or requirement to pay arises – 
  
 (1) under a judgment or conviction for a crime involving the
Plan. 
  
 (2) 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 (dealing with fiduciary responsibility), or 
  
 (3) pursuant to a settlement agreement between the Secretary
of Labor and the Participant, or a settlement agreement between the Pension Benefit Guaranty Corporation and the Participant, in connection with a violation (or alleged violation) of part 4 of such subtitle by a fiduciary or any other person.

  
 (4) the judgment, order, decree, or
settlement agreement expressly provides for the offset of all or part of the amount ordered or required to be paid to the Plan against the Participant’s benefits provided under the Plan, and 
  
 (5) the judgment, order or decree is issued or entered, and
the settlement agreement was entered into, on or after August 5, 1997. 
  

 118 

 16.6 Incapacity. If the Committee deems any Participant who is entitled to receive payments
hereunder incapable of receiving or disbursing the same by reason of Age, illness, infirmity, or incapacity of any kind, the Committee may direct the Trustee to apply such payments directly for the comfort, support, and maintenance of such
Participant, or to pay the same to any responsible person caring for the Participant who is determined by the Committee to be qualified to receive and disburse such payments for the Participant’s benefit; and the receipt of such person shall be
a complete acquittance for the payment of the benefit. Payments pursuant to this Section shall be complete discharge to the extent thereof of any and all liability of the Participating Companies, the Committee, the Administrator, the Trustee, and
the Fund. 
  
 16.7 Withholding. The Committee and the
Trustee shall have the right to withhold any and all state, local, and Federal taxes which may be withheld in accordance with applicable law. 
  
 16.8 Missing Persons. If the Committee determines after reasonable efforts to locate an individual who is entitled to a distribution of all or part
of his Account that such individual cannot be located, the amount payable to such individual may, if the Committee so determines, be forfeited as of the last day of the Plan Year of such determination and, in the discretion of the Committee, either
be applied to reduce future Matching Contributions required to be made to the Plan under Section 3.4 or be allocated to the Profit-Sharing Accounts of Profit-Sharing Participants as of the last day of the Plan Year of such determination in the
manner provided in Section 3.5. However, in such event if the individual entitled to a distribution of the forfeited amount subsequently makes a claim for the same, it shall be reinstated out of forfeitures, if any, for the Plan Year in which the
claim is made and/or an additional contribution to the Trust by the Company for such Plan Year and shall be paid to such individual in accordance with the Plan. 
  

Executed this 14th day of February, 2002. 
  

 119 

									
	 	 	 	 	DOMINO’S PIZZA, LLC
				
	SEAL	 	 	 	By:	 	 
	 	 	 	 	 	 	 	 	 Title:

  

			
		
	Attest:	 	 
	 	 	 Secretary

  

 120 

 SCHEDULE A 
  
 MINIMUM DISTRIBUTION INCIDENTAL BENEFIT TABLES 
  
 TABLE I 
  

					
	 Excess of Age of Participant
 over Age of beneficiary
	  	Applicable
percentage
			
	 	 	 10 years or less
	  	100%
	 	 	 11
	  	96%
	 	 	 12
	  	93%
	 	 	 13
	  	90%
	 	 	 14
	  	87%
	 	 	 15
	  	84%
	 	 	 16
	  	82%
	 	 	 17
	  	79%
	 	 	 18
	  	77%
	 	 	 19
	  	75%
	 	 	 20
	  	73%
	 	 	 21
	  	72%
	 	 	 22
	  	70%
	 	 	 23
	  	68%
	 	 	 24
	  	67%
	 	 	 25
	  	66%
	 	 	 26
	  	64%
	 	 	 27
	  	63%
	 	 	 28
	  	62%
	 	 	 29
	  	61%
	 	 	 30
	  	60%
	 	 	 31
	  	59%
	 	 	 32
	  	59%
	 	 	 33
	  	58%
	 	 	 34
	  	57%
	 	 	 35
	  	56%
	 	 	 36
	  	56%
	 	 	 37
	  	55%
	 	 	 38
	  	55%
	 	 	 39
	  	54%
	 	 	 40
	  	54%
	 	 	 41
	  	53%
	 	 	 42
	  	53%
	 	 	 43
	  	53%
	 	 	 44 and greater
	  	52%

  

 A-1 

 TABLE II 
  

			
	 Age of Participant in calendar year
 preceding Required Beginning Date
	  	Maximum Years Remaining
	 70
	  	26.2
	 71
	  	25.3
	 72
	  	24.4
	 73
	  	23.5
	 74
	  	22.7
	 75
	  	21.8
	 76
	  	20.9
	 77
	  	20.1
	 78
	  	19.2
	 79
	  	18.4
	 80
	  	17.6
	 81
	  	16.8
	 82
	  	16.0
	 83
	  	15.3
	 84
	  	14.5
	 85
	  	13.8
	 86
	  	13.1
	 87
	  	12.4
	 88
	  	11.8
	 89
	  	11.1
	 90
	  	10.5
	 91
	  	  9.9
	 92
	  	  9.4
	 93
	  	  8.8
	 94
	  	  8.3
	 95
	  	  7.8
	 96
	  	  7.3
	 97
	  	  6.9
	 98
	  	  6.5
	 99
	  	  6.1
	 100
	  	  5.7
	 101
	  	  5.3
	 102
	  	  5.0
	 103
	  	  4.7
	 104
	  	  4.4
	 105
	  	  4.1
	 106
	  	  3.8
	 107
	  	  3.6
	 108
	  	  3.4
	 109
	  	  3.2
	 110
	  	  2.8

  

 A-2 

 TABLE II 
 (continued) 
  

			
	 Age of Participant in calendar year
 preceding Required Beginning Date
	  	Maximum Years Remaining
	 111
	  	2.6
	 112
	  	2.4
	 113
	  	2.2
	 114
	  	2.0
	 115 and older
	  	1.8

  

 A-3 

 FIRST AMENDMENT TO 
 DOMINO’S PIZZA WRIGHTSAVER PLAN 
 AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1997 
  
 This Amendment, made effective as of the 1st day of January 1997, by
Domino’s Pizza, LLC (the “Company”), 
  
 WITNESSETH,
That Whereas — 
  
 (A) Whereas, on or about February 14,
2002, but generally effective as of January 1, 1997, the Company adopted an amendment to its then existing profit-sharing and 401(k) plan captioned “Domino’s Pizza Wrightsaver Plan as Amended and Restated Effective January 1, 1997”
(herein called the “Restated Plan”); 
  
 (B) Whereas,
under Section 12.1 of the Restated Plan the Company reserved the right to amend the Restated Plan; 
  
 (C) Whereas, the Company desires to amend the Restated Plan as provided below in order to comply with requirements of the Internal Revenue Service in
conjunction with is consideration of the Restated Plan for a favorable Determination Letter: 
  
 THEREFORE, the Amended Plan is amended as follows: 
  
 1. Subsections (a) and (b) of Section 3.10 are amended to read: 
  
 (a) Adjustments to Prevent Excess Allocations of Salary Reduction Contributions. 
  
 In order to assure that no amounts in excess of the special limitations imposed by Section 3.9(a) are allocated to the Salary Reduction
Account of any Participant who is a Highly Compensated Employee, and also to assure that no amounts in excess of other limitations imposed by the Plan or by applicable law are exceeded, the following steps shall be taken: 
  
 (1) The Committee shall monitor elections made by Participants and Salary Reduction
Contributions being made periodically to the Plan pursuant to such elections and may require changes in the elections of Participants, prior to or during any Plan Year, which would reduce the Salary Reduction Contributions being made to the Plan on
behalf of such Participants and the Matching Contributions being made to the Plan on account of such Salary Reduction Contributions and/or may reduce or terminate such Salary Reduction Contributions and the Matching Contributions being made to the
Plan on account of such Salary Reduction Contributions at any time, in order to assure compliance with any of the limitations referred to above. 

 (2) If notwithstanding the Committee’s efforts to monitor allocations to the Accounts of Participants as required by
(a)(1) above, the Committee determines after the end of a Plan Year that the allocations of Salary Reduction Contributions to the Salary Reduction Accounts of Highly Compensated Employees for such Plan Year exceed the special limitations described
in Section 3.9(a): 
  
 (A) The Company may make additional discretionary
contributions to the Plan for such Plan Year (or prior Plan Year if the prior year testing method is used) for allocation to separate Fail-Safe Contribution Accounts of Participants who are not Highly Compensated Employees, or to Fail-Safe
Contribution Accounts of all Participants, in amounts which in combination with Salary Reduction Contributions (and any Qualified Matching Contributions under (B) below) for such Plan Year (or prior Plan Year) are sufficient to cause such special
limitations not to be exceeded. Any such contributions (i) shall be allocated to separate accounts of such Participants in proportion to the Compensation of each paid in that portion of the applicable Plan Year during which he was a Participant, or
if for Plan Years beginning after 1989 Regulations so require, at any time in such Plan Year, (ii) shall meet the requirements of Regulation 1.401(k)-1(b)(5), and (iii) shall be made no later than the end of the 12-month period following the end of
the Plan Year to which the contribution relates. Such special accounts shall be fully vested at all times, shall be subject to the same limitations on distributions which are applicable to Salary Reduction Contributions and shall be treated as
Salary Reduction Contributions for purposes of Section 3.11. Also, the Company may transfer to separate accounts of the kind described above any Discretionary Company Contributions made to the Plan for such Plan Year in which event they shall be
treated in the same manner and be subject to the same conditions as additional discretionary contributions to the Plan under this subsection (A). Contributions made or transferred to separate accounts pursuant to this subsection (A) are referred to
as “Qualified Nonelective Contributions.” 
  
 (B) The Company may treat
all or part of the Matching Contributions to the Plan for such taxable year, all of which are fully vested, as Salary Reduction Contributions. The Company may make additional matching contributions to the Plan for such Plan Year for allocation to
separate accounts of Participants for whom Salary Reduction Contributions were made to the Plan for such Plan Year, and who are not Highly Compensated Employees, in amounts which in combination with the Salary Reduction Contributions, the Matching
Contributions treated as Salary Reduction Contributions (and any Qualified Nonelective Contributions under (A) above) for such Plan Year are sufficient to cause such special limitations not to be exceeded. Any such additional matching contributions
(i) shall be allocated to separate accounts of such Participants in proportion to the Salary Reduction Contributions made on behalf of each for the Plan Year, (ii) shall meet the requirements of Regulation 1.401(k)-1(b)(5), and (iii) shall normally
be made within the time prescribed by law for filing the Company’s federal income tax return for its taxable year with respect to which the matching contribution is made, including extensions thereof. Such special accounts shall be fully vested
at all times and shall be subject to the same limitations on distributions which are applicable to Salary Reduction Contributions and shall be treated as Salary Reduction Contributions for purposes of Section 3.11. Also, the Company may transfer to
separate accounts of the kind described above any Profit Sharing Contributions made to the Plan for such Plan Year in which event they shall be treated in the same manner and be subject to the same conditions as additional matching contributions to
the Plan under this subsection (B). Matching Contributions which are fully vested and subject to the limitations of Section 3.11, and contributions made or transferred to separate accounts pursuant to this subsection (B) are referred to in this
Agreement as “Qualified Matching Contributions”. 
  

 - 2 - 

 (C) The Committee may direct the Trustee to distribute to Participants who are Highly Compensated Employees that portion
of the Salary Reduction Contributions made to the Plan on their behalf for such Plan Year which exceeds the special limitations of Section 3.9(a) (“Excess Contributions”) adjusted for earnings or losses. Any Excess Contributions, as so
adjusted, to be distributed to Participants shall be designated as Excess Contributions by the Company and be distributed after the close of the Plan Year for which they were made normally within 2 1/2 months after the end of such Plan Year, and in any event not later than 12 months after the end of such Plan Year. (If such Excess Contributions are
distributed after 2 1/2 months after the end of such Plan Year an excise tax is imposed on the Company with
respect to the same.) 
  
 (D) The total Excess Contributions, if
any, for the Plan Year for Participants who are Highly Compensated Employees shall be determined and (if the Committee directs the Trustee as permitted by (C) above) shall be distributed in accordance with the following procedure: 
  
 (i) First, determine the dollar amount of Excess Contributions for each
Highly Compensated Employee for whom an Excess Contribution is made for the Plan Year in the manner described in Code Section 401(k)(8)(B) and Regulation § 1.401(k)-1(f)(2). 
  
 (ii) Second, determine the total amount of the Excess Contributions described in (i) above (the “Total Excess
Contributions”). 
  
 (iii) Third, reduce the Salary
Reduction Contribution of the Highly Compensated Employee with the highest dollar amount of Salary Reduction Contribution for the Plan Year to the extent required to either (A) reduce the Total Excess Contributions to zero or (B) cause the Highly
Compensated Employee’s Salary Reduction Contribution to equal the dollar amount of the Salary Reduction Contribution of the Highly Compensated Employee with the next highest dollar amount of Salary Reduction Contributions, whichever is less.
Repeat this process until the Total Excess Contributions are reduced to zero. When and if the Salary Reduction Contributions of two or more Highly Compensated Employees to be reduced are the same, such Salary Reduction Contributions shall be reduced
equally and simultaneously. The amount of any and all such reductions for each Highly Compensated Employee for whom a reduction is made (the “Excess Salary Reduction Contribution”), adjusted for earnings or losses, shall be distributed to
each such Highly Compensated Employee in accordance with (C) above. 
  
 (iv) If the distributions referred to in (iii) above are made, the requirements of Section 3.9(a) shall be treated as being met, regardless of whether the Actual Deferral Percentage for the group of Participants who are Highly Compensated
Employees, if recalculated after such distributions are made, would satisfy such requirements. 
  
 (E) The income or loss allocable to an Excess Salary Reduction Contribution distributed to a Highly Compensated Employee under (C) and (D) above by the Trustee shall be an amount equal to the income or loss of the
Participant’s Salary Reduction Account for the Plan Year for which the Excess Salary Reduction Contribution was made multiplied by a fraction the numerator of which is the Excess Salary Reduction Contribution made on behalf of the Participant
for such Plan Year and the denominator of which is the Participant’s Salary Reduction Account balance as of the beginning of such Plan Year plus the Participant’s Salary Reduction Contributions for such Plan Year. 
  

 - 3 - 

 (b) Adjustments to Prevent Excess Allocations
of Matching Contributions. 
  
 If notwithstanding the
Committee’s efforts to monitor allocations to the Accounts of Participants as required by Section 3.1(a)(1), the Committee determines after the end of a Plan Year that the allocations of Matching Contributions to the Matching Company
Contribution Accounts of Highly Compensated Employees for such Plan Year exceed the special limitations described in Section 3.9(b): 
  
 (1) The Company may make Qualified Nonelective Contributions to the Plan for such Plan Year for allocation to separate accounts of Participants and/or transfer
discretionary Company Contributions for such Plan Year to such separate accounts, in the same manner and subject to the same conditions set forth in Section 3.9(b), which in combination with the Matching Contributions (and any additional matching
contributions under (2) below) for such Plan Year are sufficient to cause such special limitations not to be exceeded. Also, to cause such special limitations not to be exceeded the Company may transfer to separate accounts of the kind described
above any Salary Reduction Contributions made to the Plan for such Plan Year provided that Salary Reduction Contributions for such Plan Year meet the requirements of Reg. 1.401(m)-1(b)(5). 
  
 (2) The Company may make additional matching contributions to the Plan for such Plan Year (or
prior Plan Year if the prior year testing method is used) for allocation to the Matching Contribution Accounts of Participants for whom Salary Reduction Contributions were made to the Plan for such Plan Year (or prior Plan Year) and who are not
Highly Compensated Employees in amounts which in combination with the Matching Contributions (and any Qualified Nonelective Contributions under (1) above) for such Plan Year are sufficient to cause such special limitations not to be exceeded. Any
such contributions shall be allocated to the Matching Contribution Accounts of such Participants in proportion to the Matching Contributions theretofore made on behalf of each for the applicable Plan Year, and shall normally be made no later than
the end of the 12-month period following the end of the Plan Year to which the contribution relates. Such additional matching contributions shall be subject to the same plan rules applicable to Matching Contributions and shall be treated as Matching
Contributions for purposes of Section 3.11. 
  
 (3) The Committee may direct the
Trustee to distribute to Participants who are Highly Compensated Employees that portion of the Matching Contributions made to the Plan on their behalf for such Plan Year which exceeds the special limitations of 3.9(b) (“Excess Matching
Contributions”) adjusted for earnings or losses. Any Excess Matching Contributions, as so adjusted, to be distributed to Participants shall be designated as Excess Matching Contributions by the Company and be distributed after the close of the
Plan Year for which they were made normally within 2 1/2 months after the end of such Plan Year, and in any event
not later than 12 months after the end of such Plan Year. (If such Excess Matching Contributions are distributed after 2 1/2 months after the end of such Plan Year an excise tax is imposed on the Company with respect to the same.) 
  

 - 4 - 

 (4) The total Excess Matching Contributions for the Plan Year, if any, for Participants who are Highly Compensated
Employees shall be determined and (if the Committee directs the Trustee as permitted by (3) above) shall be distributed in accordance with the following procedure: 
  
 (A) First, determine the dollar amount of Excess Matching Contributions for each Highly Compensated Employee for whom an Excess Matching
Company Contribution is made for the Plan Year in the manner described in Code Section 401(m)(6)(C) and Regulation § 1.401(m)-1(e)(2). 
  
 (B) Second, determine the total amount of the Excess Matching Contributions described in (A) above (the “Total Excess Matching Contributions”). 
  
 (C) Third, reduce the Matching Company Contribution of the Highly Compensated Employee with
the highest dollar amount of Matching Company Contribution for the Plan Year to the extent required to either (A) reduce the Total Excess Matching Contributions to zero or (B) cause the Highly Compensated Employee’s Matching Company
Contribution to equal the dollar amount of the Matching Company Contribution of the Highly Compensated Employee with the next highest dollar amount of Matching Contributions, whichever is less. Repeat this process until the Total Excess Matching
Contributions are reduced to zero. When and if the Matching Contributions of two or more Highly Compensated Employees to be reduced are the same, such Matching Contributions shall be reduced equally and simultaneously. The amount of any and all such
reductions for each Highly Compensated Employee for whom a reduction is made (the “Excess Matching Contribution”), adjusted for earnings or losses, shall be distributed to each such Highly Compensated Employee in accordance with (3) above.

  
 (D) If the distributions referred to in (C) above are made, the requirements
of Section 3.9(b) shall be treated as being met, regardless of whether the Actual Contribution Percentage for the group of Participants who are Highly Compensated Employees if recalculated after such distributions are made, would satisfy such
requirements. 
  
 (5) The income or loss allocable to an Excess Matching
Contribution distributed to a Highly Compensated Employee under (3) and (4) above by the Trustee shall be an amount equal to the income or loss of the Participant’s Matching Contribution Account for the Plan Year for which the Excess Matching
Contribution was made multiplied by a fraction the numerator of which is the Excess Matching Contribution made on behalf of the Participant for such Plan Year and the denominator of which is the Participant’s Matching Contribution Account
balance as of the beginning of such Plan Year plus the Matching Contributions made on behalf of the Participant for the Plan Year. 
  
 (6) Instead of directing the Trustee to distribute any Excess Matching Contributions for the Plan Year to Participants who are Highly Compensated Employees, the Committee
may direct the Trustee to allocate such Excess Matching Contributions, adjusted for income or loss and determined and allocated as provided in (3) through (5) above, to the Matching Company Contribution Accounts of Participants who are not Highly
Compensated Employees and for whom Salary Reduction Contributions were made to the Plan for the Plan Year. Such Excess 
  

 - 5 - 

 Matching Contributions as so adjusted shall be allocated among such accounts in the ratio which each such
Participant’s Compensation for the Plan Year bears to the Compensation of all such Participants for the Plan Year. Any Matching Company Contribution for the Plan Year made to the Plan on account of a Salary Reduction Contribution which is
determined to be an Excess Salary Reduction Deferral or an Excess Contribution shall, after adjustment for income or loss, be allocated among the Matching Company Contribution Accounts of such participants in the same manner. 
  
 Executed this
             day of
                                        ,
2002. 
  

			
	DOMINO’S PIZZA, LLC
		
	By	 	  

	Title	 	  

  

	
	ATTEST:
	  

	Secretary

  

 - 6 - 

 JANUARY 1, 2002 AMENDMENT TO 
 DOMINO’S PIZZA WRIGHTSAVER PLAN (THE “PLAN”) 
  
 DOMINO’S PIZZA, LLC (herein called the Company), adopts this amendment to the Plan. This amendment takes effect January 1, 2002 except as otherwise
stated below. 
  
 WHEREAS, the Company believes it advisable and
in the best interests of Participants and Beneficiaries to make certain changes to the Plan; and 
  
 WHEREAS, the Company has reserved the right to amend the Plan. 
  

THEREFORE, effective on the dates stated below, the Plan is amended as follows: 
  
 1. Section 10.4 is amended to read: 
  
 10.4 Disputes. 
  
 If any Employee, Participant or Beneficiary shall claim benefits for which the Committee has determined he is ineligible, or shall dispute the amount or
timing of benefits determined by the Committee to be payable hereunder, he shall be entitled to make a claim for benefits pursuant to this Section 10.4. All claims for benefits under this Agreement, whether made by an Employee, a Participant or a
Beneficiary, shall be in writing addressed and delivered to the Committee, and shall contain the claimant’s name, mailing address and telephone number, if any, and shall identify the claim in a manner reasonably calculated to make the claim
understandable to the Committee. 
  
 The procedures in this
Section will be the sole and exclusive remedy for an Employee, Participant or Beneficiary (“Claimant”) to make a claim for benefits under the Plan. These procedures will be administered and interpreted in a manner consistent with the
requirements of ERISA §503 and the regulations thereunder. Any electronic notices provided by the Committee will comply with the standards imposed under regulations issued by the Department of Labor. All claims determinations made by the
Committee will be made in accordance with the provisions of this Section and the Plan, and will be applied consistently to similarly situated Claimants. 
  
 (1) Written Claim: A Claimant, or the Claimant’s duly authorized representative, may file a claim for a benefit to which the Claimant believes that he or she is
entitled under the Plan. Any such claim must be filed in writing with the Committee. 
  
 (2) Decision on Claim: The Committee, in its sole and complete discretion, will make all initial determinations as to the right of any person to benefits. If the Committee elects to hold a hearing, then such hearing shall be held at the
Company’s offices located at Ann Arbor, Michigan during normal business hours, unless a different time and/or place are mutually agreed upon. Committee members and others may participate in the hearing by conference phone if it would be a
hardship for such person(s) to attend in person. Any hearing shall be attended by at least a majority of the Committee. If the claim is denied in whole or in part, the Committee will send the Claimant (and Claimant’s duly authorized
representative, if applicable) a written or 

 
electronic notice, informing the Claimant of the denial. The notice must be written in a manner calculated to be understood by the Claimant and must contain
the following information: the specific reason(s) for the denial; a specific reference to pertinent Plan provisions on which the denial is based; if additional material or information is necessary for the Claimant to perfect the claim, a description
of such material or information and an explanation of why such material or information is necessary; and an explanation of the Plan’s claim review (i.e., appeal) procedures, and the time limits applicable to such procedures. Written or
electronic notice of the denial will be given within a reasonable period of time (but no later than 90 days) from the date the Committee receives the claim, unless special circumstances require an extension of time for processing the claim. In no
event may the extension exceed 90 days from the end of the initial 90-day period. If an extension is necessary, prior to the expiration of the initial 90-day period, the Committee will send the Claimant a written notice, indicating the special
circumstances requiring an extension and the date by which the Committee expects to render a decision. 
  
 (3) Request for Appeal: If the Committee denies a claim in whole or in part, the Claimant may elect to appeal the denial. If the Claimant does not appeal the denial pursuant to the procedures set forth herein, the
denial will be final, binding and unappealable. A written request for appeal must be filed by the Claimant (or the Claimant’s duly authorized representative) with the Committee within 60 days after the date on which the Claimant receives the
Committee’s notice of denial. If a request for appeal is timely filed, the Claimant will be afforded a full and fair review of the claim and the denial. As part of this review, the Claimant may submit written comments, documents, records, and
other information relating to the claim, and the review will take into account all such comments, documents, records, or other information submitted by the Claimant, without regard to whether such information was submitted or considered in the
Committee’s initial benefit determination. The Claimant also may obtain, free of charge and upon request, records and other information relevant to the claim, without regard to whether such information was relied upon by the Committee in making
the initial benefit determination. 
  
 (4) Review Of Appeal: The Committee will
determine, in its sole and complete discretion, whether to uphold all or a portion of the initial claim denial. If the Committee elects to hold a hearing, then such hearing shall be held at the Company’s offices located at Ann Arbor, Michigan
during normal business hours, unless a different time and/or place are mutually agreed upon. Committee members and others may participate in the hearing by conference phone if it would be a hardship for such person(s) to attend in person. Any
hearing shall be attended by at least a majority of the Committee. If, on appeal, the Committee determines that all or a portion of the initial denial should be upheld, the Committee will send the Claimant a written or electronic notice informing
the Claimant of its decision to uphold all or a portion of the initial denial, written in a manner calculated to be understood by the Claimant and containing the following information: the specific reason(s) for the denial; a specific reference to
pertinent Plan provisions on which the denial is based; a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents and other information relevant to the claim; and an
explanation of the Claimant’s right to request arbitration and the applicable time limits for doing so. Written or electronic notice will be given within a reasonable period of time (but no later than 60 days) from the date the Committee
receives the request for appeal, unless special circumstances require an extension of time for reviewing the claim, but. In no event may the extension exceed 60 days from the end of the 
  

 2 

 
initial 60-day period. If an extension is necessary, prior to the expiration of the initial 60-day period, the Committee will send the Claimant a written
notice, indicating the special circumstances requiring an extension and the date by which the Committee expects to render a decision. 
  
 (5) Alternative Time For An Appeal To Be Decided: Notwithstanding paragraph (4), if the Committee holds regularly scheduled meetings on a quarterly or more frequent
basis, the Committee may make its determination of the claim on appeal at its next regularly scheduled meeting if the Committee receives the written request for appeal more than 30 days prior to its next regularly scheduled meeting or at the
regularly scheduled meeting immediately following the next regularly scheduled meeting if the Committee receives the written request for appeal within 30 days of the next regularly scheduled meeting. If special circumstances require an extension,
the decision may be postponed to the third regularly scheduled meeting following the Committee’s receipt of the written request for appeal if, prior to the expiration of the initial time period for review, the Claimant is provided with written
notice, indicating the special circumstances requiring an extension and the date by which the Committee expects to render a decision. If the extension is required because the Claimant has not provided information that is necessary to decide the
claim, the Committee may suspend the review period from the date on which notice of the extension is sent to the Claimant until the date on which the Claimant responds to the request for additional information. 
  
 2. The following additional provisions are adopted as good faith compliance with the
requirements of THE ECONOMIC GROWTH AND TAX RELIEF RECONCILIATION ACT OF 2001 (“EGTRRA”) and are to be construed in accordance with EGTRRA and guidance issued thereunder. Except as otherwise provided, these provisions are effective January
1, 2002 and shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this amendment: 
  
 A. LIMITATIONS ON CONTRIBUTIONS. 
  
 a. Effective Date. This Section shall be effective for limitation years beginning after December 31, 2001. 
  
 b. Maximum Annual Addition. Except to the extent permitted under
Section 414(v) of the Code, if applicable, the annual addition that may be contributed or allocated to a Participant’s account under the Plan for any limitation year shall not exceed the lesser of: 
  

	 	(1)	$40,000, as adjusted for increases in the cost-of-living under Section 415(d) of the Code, or 

  

	 	(2)	100 percent of the Participant’s Compensation, within the meaning of Section 415(c)(3) of the Code, for the limitation year. 

  
 The compensation limit referred to in (2) shall not apply to any contribution for medical
benefits after separation from service (within the meaning of Section 401(h) or Section 419A(f)(2) of the Code) which is otherwise treated as an Annual Addition. Because the Plan Year is the 

  

 3 

 
“limitation year,” if a short Limitation Year is created for any reason, the dollar amount in this subparagraph shall be prorated by multiplying it
by a fraction, the numerator of which is the number of months in the short Limitation Year and the denominator of which is twelve. 
  
 B. INCREASE IN COMPENSATION LIMIT. The annual Compensation of each Participant taken into account in determining allocations for any Plan Year beginning after December
31, 2001, shall not exceed $200,000, as adjusted for cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code. Annual Compensation means Compensation during the Plan Year or such other consecutive 12-month period over which
Compensation is otherwise determined under the Plan (the determination period). The cost-of-living adjustment in effect for a calendar year applies to annual Compensation for the determination period that begins with or within such calendar year.

  
 C. LIMITATIONS ON SALARY REDUCTION CONTRIBUTIONS. For Plan Years beginning on
and after January 1, 2002, the maximum amount a Participant may elect to defer is equal to the lesser of the dollar limit or the percentage limit described in (a) or (b), below: 
  
 (x) The dollar limit for a calendar year shall be: 
  
 $11,000 for 2002 
 $12,000 for 2003 
 $13,000 for 2004 
 $14,000 for 2005 
 $15,000 for 2006 and thereafter 
  
 (as such limits may be adjusted for increases in the cost of living in accordance with applicable Treasury regulations); 
  
 (y) The percentage limit shall continue as 15 percent of the
Participant’s Compensation. 
  
 Deferrals made by a Participant which exceed
the foregoing limits shall be refunded, along with allocable income, in the same manner as excess Salary Reduction Contributions. 
  
 D. ROLLOVERS FROM OTHER PLANS. 
  
 a. The Plan will accept Participant rollover contributions and/or direct rollovers of eligible rollover distributions from the following types of plans:

  

	 	(1)	a qualified plan described in Section 401(a) or 403(a) of the Code, excluding after-tax employee contributions; 

  

	 	(2)	a qualified plan described in Section 401(a) or 403(a) of the Code, including after-tax employee contributions but only in the case of a direct rollover; 

 

 4 

	 	(3)	an annuity contract described in Section 403(b) of the Code, excluding after-tax employee contributions; and 

  

	 	(4)	an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political
subdivision of a state. 

  
 b. Participant
Rollover Contributions from IRAs. The Plan will accept a Participant rollover contribution of the portion of a distribution from an individual retirement account or annuity described in Section 408(a) or 408(b) of the Code that is eligible to be
rolled over and would otherwise be includible in gross income. 
  
 c. Effective Date of Direct Rollover and Participant Rollover Contribution Provisions. Section D, Rollovers From Other Plans, shall be effective January 1, 2002. 
  
 E. DIRECT ROLLOVERS OF PLAN DISTRIBUTIONS. 
  
 a. Effective Date. This Section shall apply to distributions made after December 31, 2001. 
  
 b. Modification of Definition of Eligible Retirement Plan. For purposes of
the direct rollover provisions in Section 5.10 of the Plan, an eligible retirement plan shall also mean an annuity contract described in Section 403(b) of the Code and an eligible plan under Section 457(b) of the Code which is maintained by a state,
political subdivision of a state, or any 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 relation order, as defined in Section 414(p) of the Code. 
  
 c. Modification of Definition of Eligible Rollover Distribution to Exclude
Hardship Distributions. For purposes of the direct rollover provisions in Section 5.10 of the Plan, any amount that is distributed on account of hardship shall not be an eligible rollover distribution and the distributee may not elect to have any
portion of such a distribution paid directly to an eligible retirement plan. 
  
 F. REPEAL OF MULTIPLE USE TEST. The multiple use test described in Treasury Regulation Section 1.401(m)-2 and Article IV(E)(4) of the Plan shall not apply for Plan Years beginning after December 31, 2001. 
  
 G. ELECTIVE DEFERRALS - CONTRIBUTION LIMITATION. No Participant shall be permitted to have
Salary Reduction Contributions made under this Plan, or any other qualified plan maintained by the Company during any taxable year, in excess of the dollar limitation contained in Section 402(g) of the Code in effect for such taxable year, except to
the extent permitted under Section 414(v) of the Code, if applicable. 
  

 5 

 H. MODIFICATION OF TOP-HEAVY RULES. 
  
 a. Effective Date. This Section shall apply for purposes of determining
whether the Plan is a top-heavy plan under Section 416(g) of the Code for Plan Years beginning after December 31, 2001, and whether the Plan satisfies the minimum benefits requirements of Section 416(c) of the Code for such years. This Section
amends Article XIII of the Plan. 
  
 b. Determination of Top-Heavy
Status. 
  
 (1) Key Employee. Key Employee means any Employee or
former Employee (including any deceased Employee) who at any time during the Plan Year that includes the Determination Date was an officer of the Company having annual compensation greater than $130,000 (as adjusted under Section 416(i)(1) of the
Code for Plan Years beginning after December 31, 2002), a 5-percent owner of the Company, or a 1-percent owner of the Company having annual compensation of more than $150,000. For this purpose, annual compensation means compensation within the
meaning of Section 415(c)(3) of the Code. The determination of who is a Key Employee will be made in accordance with Section 416(i)(1) of the Code and the applicable Regulations and other guidance of general applicability issued thereunder.

  
 (2) Determination of Present Values and Amounts. This
paragraph (2) shall apply for purposes of determining the present values of accrued benefits and the amounts of account balances of Employees as of the Determination Date. 
  
 (A) Distributions During Year Ending on the Determination Date. The present values of accrued benefits and the amounts of
account balances of an Employee as of the Determination Date shall be increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period
ending on the Determination Date. The preceding sentence shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of
a distribution made for a reason other than separation from service, death, or disability, this provision shall be applied by substituting 5-year period for 1-year period. 
  
 (B) Employees Not Performing Services During Year Ending on the Determination Date. The accrued benefits and accounts of any
individual who has not performed services for the Company during the 1-year period ending on the Determination Date shall not be taken into account. 
  
 c. Minimum Benefits. Matching Employer Contributions shall be taken into account for purposes of satisfying the minimum contribution requirements of
Section 416(c)(2) of the Code and the Plan. The preceding sentence shall apply with respect to Matching Employer Contributions under the Plan or any other tax qualified Defined Contribution Plan(s) maintained by the Company or a Related Company
taken into account under Section 13.3 of the Plan for purposes of satisfying such minimum contribution 

  

 6 

 
requirements. Matching Employer Contributions that are used to satisfy the minimum contribution requirements shall be treated as matching contributions for
purposes of the actual contribution percentage test and other requirements of Section 401(m) of the Code. 
  
 3. The terms and provisions of the Plan shall in all other regards remain in full force and effect. 
  
 IN WITNESS WHEREOF, the Company has caused this document to be executed by its duly authorized officer. 
  

					
	 DOMINO’S PIZZA, LLC

		
	 By
	 	  

	 	 	 Its
	 	  

  

 7 

 THIRD AMENDMENT TO 
 DOMINO’S PIZZA WRIGHTSAVER PLAN* 
  
 *AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1997 
  
 DOMINO’S PIZZA, LLC (herein called the Company), adopts this amendment to the Plan. This amendment takes effect January 1, 2003 except as otherwise
stated below. 
  
 WHEREAS, the Company believes
it advisable and in the best interests of Participants and Beneficiaries to make certain changes to the Plan; and 
  
 WHEREAS, the Company has reserved the right to amend the Plan. 
  
 THEREFORE, the Plan is amended as follows: 
  
 1. Effective June 1, 2003, the name of the Plan is changed to Domino’s Pizza 401(k) Savings Plan. 
  
 2. Section 1.1 is amended by replacing the definition of Required
Beginning Date by the following: 
  
 In accordance with IRS
Revenue Procedure 2002-29 and in order to comply with the changes made to Section 401(a)(17) of the Internal Revenue Code by the Small Business Job Protection Act of 1996 (“SBJPA”), the attached MODEL PLAN AMENDMENT 1 — DEFINED
CONTRIBUTION PLANS is hereby adopted. Any other provisions of the Plan relating to required minimum distributions and inconsistent with the attached amendment are no longer applicable. 
  
 3. Section 1.1 is amended by modifying the definition of Compensation as follows: 
  
 In accordance with IRS Revenue Ruling 2002-27 the Plan adopts the following Model Amendment
applicable to the Plan’s definition of Compensation:. Any other provisions of the Plan inconsistent with the attached amendment are modified accordingly. 
  

A. Effective date. This section shall apply to plan years and limitation years beginning on and after January 1, 2003. 
  
 B. For purposes of the definition of Compensation under section 1.1, amounts under section
125 include any amounts not available to a participant in cash in lieu of group health coverage because the participant is unable to certify that he or she has other health coverage. An amount will be treated as an amount under section 125 only if
the Employer does not request or collect information regarding the participant’s other health coverage as part of the enrollment process for the health plan. 

 4. The terms and provisions of the Plan shall in all other regards remain in full force and effect. 
  
 IN WITNESS WHEREOF, the Company has caused this document to be executed by
its duly authorized officer. 
  

			
	DOMINO’S PIZZA, LLC
		
	By	 	  

  

 2 

 MODEL PLAN AMENDMENT 1 — DEFINED CONTRIBUTION PLANS 
  
 Article V(D). MINIMUM DISTRIBUTION REQUIREMENTS. 
  
 Section 1. General Rules 
  
 1.1. Effective Date. Unless an earlier effective date is specified in the adoption agreement, the provisions of this article will apply for
purposes of determining required minimum distributions for calendar years beginning with the 2003 calendar year. 
  
 1.2. Coordination with Minimum Distribution Requirements Previously in Effect. If the adoption agreement specifies an effective date of this article that is earlier than
calendar years beginning with the 2003 calendar year, required minimum distributions for 2002 under this article will be determined as follows. If the total amount of 2002 required minimum distributions under the plan made to the distributee prior
to the effective date of this article equals or exceeds the required minimum distributions determined under this article, then no additional distributions will be required to be made for 2002 on or after such date to the distributee. If the total
amount of 2002 required minimum distributions under the plan made to the distributee prior to the effective date of this article is less than the amount determined under this article, then required minimum distributions for 2002 on and after such
date will be determined so that the total amount of required minimum distributions for 2002 made to the distributee will be the amount determined under this article. 
  
 1.3. Precedence. The requirements of this article will take precedence over any inconsistent provisions of the plan. 
  
 1.4. Requirements of Treasury Regulations Incorporated. All distributions required under this
article will be determined and made in accordance with the Treasury regulations under section 401(a)(9) of the Internal Revenue Code. 
  
 1.5. TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this article, distributions may be made under a designation made before January 1, 1984,
in accordance with section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (TEFRA) and the provisions of the plan that relate to section 242(b)(2) of TEFRA. 
  
 Section 2. Time and Manner of Distribution. 
  
 2.1. Required Beginning Date. The participant’s entire interest will be distributed, or begin to be distributed, to the participant no later than the
participant’s required beginning date. 
  
 2.2. Death of Participant Before
Distributions Begin. If the participant dies before distributions begin, the participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: 
  
 (a) If the participant’s surviving spouse is the participant’s sole designated beneficiary, then, except as provided in the
adoption agreement, distributions to the surviving spouse will begin by December 31 of the calendar year immediately following the calendar year in which the participant died, or by December 31 of the calendar year in which the participant would
have attained age 70 1/2, if later. 
  

 3 

 (b) If the participant’s surviving spouse is not the participant’s sole designated beneficiary, then, except as
provided in the adoption agreement, distributions to the designated beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the participant died. 
  
 (c) If there is no designated beneficiary as of September 30 of the year following the year
of the participant’s death, the participant’s entire interest will be distributed by December 31 of the calendar year containing the fifth anniversary of the participant’s death. 
  
 (d) If the participant’s surviving spouse is the participant’s sole designated
beneficiary and the surviving spouse dies after the participant but before distributions to the surviving spouse begin, this section 2.2, other than section 2.2(a), will apply as if the surviving spouse were the participant. 
  
 For purposes of this section 2.2 and section 4 , unless section 2.2(d) applies, distributions
are considered to begin on the participant’s required beginning date. If section 2.2(d) applies, distributions are considered to begin on the date distributions are required to begin to the surviving spouse under section 2.2(a). If
distributions under an annuity purchased from an insurance company irrevocably commence to the participant before the participant’s required beginning date (or to the participant’s surviving spouse before the date distributions are
required to begin to the surviving spouse under section 2.2(a)), the date distributions are considered to begin is the date distributions actually commence. 
  
 2.3. Forms of Distribution. Unless the participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or
before the required beginning date, as of the first distribution calendar year distributions will be made in accordance with sections 3 and 4 of this article. If the participant’s interest is distributed in the form of an annuity purchased from
an insurance company, distributions thereunder will be made in accordance with the requirements of section 401(a)(9) of the Code and the Treasury regulations. 
  

Section 3. Required Minimum Distributions During Participant’s Lifetime. 
  

3.1. Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the participant’s lifetime, the minimum amount that will be distributed
for each distribution calendar year is the lesser of: 
  
 (a) the quotient
obtained by dividing the participant’s account balance by the distribution period in the Uniform Lifetime Table set forth in section 1.401(a)(9)-9 of the Treasury regulations, using the participant’s age as of the participant’s
birthday in the distribution calendar year; or 
  
 (b) if the participant’s
sole designated beneficiary for the distribution calendar year is the participant’s spouse, the quotient obtained by dividing the participant’s account balance by the number in the Joint and Last Survivor Table set forth in section
1.401(a)(9)-9 of the Treasury regulations, using the participant’s and spouse’s attained ages as of the participant’s and spouse’s birthdays in the distribution calendar year. 
  

 4 

 3.2. Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum
distributions will be determined under this section 3 beginning with the first distribution calendar year and up to and including the distribution calendar year that includes the participant’s date of death 
  
 Section 4. Required Minimum Distributions After Participant’s Death. 
  
 4.1. Death On or After Date Distributions Begin. 
  
 (a) Participant Survived by Designated Beneficiary. If the participant dies on or after the
date distributions begin and there is a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s death is the quotient obtained by dividing the
participant’s account balance by the longer of the remaining life expectancy of the participant or the remaining life expectancy of the participant’s designated beneficiary, determined as follows: 
  
 (1) The participant’s remaining life expectancy is calculated using the age of the
participant in the year of death, reduced by one for each subsequent year. 
  
 (2)
If the participant’s surviving spouse is the participant’s sole designated beneficiary, the remaining life expectancy of the surviving spouse is calculated for each distribution calendar year after the year of the participant’s death
using the surviving spouse’s age as of the spouse’s birthday in that year. For distribution calendar years after the year of the surviving spouse’s death, the remaining life expectancy of the surviving spouse is calculated using the
age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year. 
  

(3) If the participant’s surviving spouse is not the participant’s sole designated beneficiary, the designated beneficiary’s remaining life expectancy
is calculated using the age of the beneficiary in the year following the year of the participant’s death, reduced by one for each subsequent year. 
  
 (b) No Designated Beneficiary. If the participant dies on or after the date distributions begin and there is no designated beneficiary as of September 30 of the year
after the year of the participant’s death, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s death is the quotient obtained by dividing the participant’s account
balance by the participant’s remaining life expectancy calculated using the age of the participant in the year of death, reduced by one for each subsequent year. 
  
 4.2. Death Before Date Distributions Begin. 
  
 (a) Participant Survived by Designated Beneficiary. Except as provided in the adoption agreement, if the participant dies before the date distributions begin and there is
a designated beneficiary, the minimum amount that will be distributed for each distribution calendar year after the year of the participant’s death is the quotient obtained by dividing the participant’s account balance by the remaining
life expectancy of the participant’s designated beneficiary, determined as provided in section 4.1. 
  

 5 

 (b) No Designated Beneficiary. If the participant dies before the date distributions begin and there is no designated
beneficiary as of September 30 of the year following the year of the participant’s death, distribution of the participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the
participant’s death. 
  
 (c) Death of Surviving Spouse Before Distributions
to Surviving Spouse Are Required to Begin. If the participant dies before the date distributions begin, the participant’s surviving spouse is the participant’s sole designated beneficiary, and the surviving spouse dies before distributions
are required to begin to the surviving spouse under section 2.2(a), this section 4.2 will apply as if the surviving spouse were the participant. 
  
 Section 5. Definitions. 
  
 5.1. Designated beneficiary. The individual who is designated as the beneficiary under section VI(B) of the plan and is the designated beneficiary under section 401(a)(9) of the Internal Revenue Code and section
1.401(a)(9)-1, Q&A-4, of the Treasury regulations. 
  
 5.2. Distribution
calendar year. A calendar year for which a minimum distribution is required. For distributions beginning before the participant’s death, the first distribution calendar year is the calendar year immediately preceding the calendar year which
contains the participant’s required beginning date. For distributions beginning after the participant’s death, the first distribution calendar year is the calendar year in which distributions are required to begin under section 2.2. The
required minimum distribution for the participant’s first distribution calendar year will be made on or before the participant’s required beginning date. The required minimum distribution for other distribution calendar years, including
the required minimum distribution for the distribution calendar year in which the participant’s required beginning date occurs, will be made on or before December 31 of that distribution calendar year. 
  
 5.3. Life expectancy. Life expectancy as computed by use of the Single Life Table in section
1.401(a)(9)-9 of the Treasury regulations. 
  
 5.4. Participant’s account
balance. The account balance as of the last valuation date in the calendar year immediately preceding the distribution calendar year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated
to the account balance as of dates in the valuation calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. The account balance for the valuation calendar year includes any
amounts rolled over or transferred to the plan either in the valuation calendar year or in the distribution calendar year if distributed or transferred in the valuation calendar year. 
  

 6 

 5.5 Required beginning date. The date specified in section V(D)(2) of the plan. 
  
 (Check and complete any of the remaining sections if you wish to modify the rules in
sections 2.2 and 4.2: 
  
 Section 2. Election to Apply 5-Year Rule to
Distributions to Designated Beneficiaries. 
  
 x If the participant dies before distributions begin and there is a designated beneficiary, distribution to the designated beneficiary is not required to begin by the date specified in section 2.2 of this amendment, but
the participant’s entire interest will be distributed to the designated beneficiary by December 31 of the calendar year containing the fifth anniversary of the participant’s death. If the participant’s surviving spouse is the
participant’s sole designated beneficiary and the surviving spouse dies after the participant but before distributions to either the participant or the surviving spouse begin, this election will apply as if the surviving spouse were the
participant. 
  
 This election will apply to: 
  
 x All distributions. 
  
              The following
distributions:                     . 
  
 Section 3. Election to Allow Participants or Beneficiaries to Elect 5-Year Rule. 
  
 x Participants or beneficiaries may elect on an
individual basis whether the 5-year rule or the life expectancy rule in sections 2.2 and 4.2 of this amendment applies to distributions after the death of a participant who has a designated beneficiary. The election must be made no later than the
earlier of September 30 of the calendar year in which distribution would be required to begin under section 2.2, or by September 30 of the calendar year which contains the fifth anniversary of the participant’s (or, if applicable, surviving
spouse’s) death. If neither the participant nor beneficiary makes an election under this paragraph, distributions will be made in accordance with sections 2.2 and 4.2 of this amendment and, if applicable, the elections in section 2 above.

  
 Section 4. Election to Allow Designated Beneficiary Receiving Distributions
Under 5-Year Rule to Elect Life Expectancy Distributions. 
  
 x A designated beneficiary who is receiving payments under the 5-year rule may make a new election to receive payments under the life expectancy rule until December 31, 2003, provided that all amounts that would have
been required to be distributed under the life expectancy rule for all distribution calendar years before 2004 are distributed by the earlier of December 31, 2003 or the end of the 5-year period. 
  

 7 

 FOURTH AMENDMENT TO 
 DOMINO’S PIZZA 401(K) SAVINGS PLAN* 
 *AS AMENDED AND RESTATED EFFECTIVE JANUARY 1, 1997

  
 Domino’s Pizza, LLC. (the “Company”),
adopts this amendment to the Plan. 
  
 WHEREAS, the Company
believes it is advisable and in the best interests of Participants and Beneficiaries to add a Company stock fund as an investment option under the Plan; and 
  
 WHEREAS, under Section 12.1 of the Plan the Company reserved the right to amend the Plan; 
  
 THEREFORE, the Plan is amended as follows: 
  
 1. The definition of “Investment Medium” in Section 1.1 of the Plan is amended to read as follows: 
  
 “Investment Medium” means any fund, contract,
obligation. Or other mode of investment to which a Participant may direct the investment of the assets of his Account, including a Company Stock fund (the “Company Stock Fund”) consisting of shares of Company Stock and short-term money
market investments in which funds may be temporarily invested pending investment in shares of Company Stock. 
  
 2. The definition of “Company Stock” is hereby added to Section 1.1 of the Plan and shall read as follows: 
  
 “Company Stock” means shares of common stock of
the Company which meet the definition of “employer securities” in Section 409(l) of the Code. 
  
 3. A new Section 5.14 is hereby added to the Plan and shall read as follows: 
  

	 	5.14	Manner of Payment of Benefits. The benefits payable to a Participant or beneficiary under the Plan shall be paid pursuant to the election of the Participant or beneficiary in
either cash, whole shares of Company Stock, or a combination of each. In the absence of an election, payment shall be made in cash. Cash will be distributed in lieu of fractional shares of Company Stock, or in lieu of lots of less than 100 shares.
Notwithstanding the foregoing, in no event shall a Participant or beneficiary receive shares of Company Stock in excess of the number of shares that are credited to his Account immediately prior to the distribution. 

  

	 	4.	New subsections 11.5(f) and (g) are hereby added to the Plan and shall read as follows: 

  

	 	(f)	As directed by the Committee, to invest and reinvest the assets of the Company Stock Fund primarily in Company Stock in accordance with this Agreement. 

	 	(g)	In the event that the Committee directs the Trustee to dispose of any Company Stock held as Trust assets, under circumstances which require registration and/or qualification of the
securities under applicable Federal or state securities laws, then the Company, at its own expense, will take, or cause to be taken, any and all such actions as may be necessary or appropriate to effect such registration and/or qualification.

  
 5. New Sections 11.6, 11.7 and 11.8 are hereby
added to the Plan and shall read as follows: 
  

	 	11.6	Company Stock Fund. The Company Stock Fund, subject to the next following paragraph, shall be invested by the Trustee solely in Company Stock purchased by the Trustee in the
open market or by private purchase at the fair market value of such stock at the time of purchase as determined by the Trustee. Company Stock may also be acquired within the Plan for the accounts of active Participants from the accounts of
Participants and beneficiaries who, pursuant to Section 5.14, receive cash distributions from the Plan instead of shares of Company Stock allocated to their accounts. All such acquisitions shall be at the fair market value of such shares at the
close of the day of the transaction as determined by the Trustee. In acquiring shares of Company Stock for the accounts of active Participants the Trustee may net purchases, including internal acquisitions of the kind described above, against sales
of Company Stock. There shall be no percentage limitation on the portion of the Trust which the Trustee may invest or hold in Company Stock. However, no Participant may direct that any portion of his Salary Reduction Account or Rollover Account be
invested in the Company Stock Fund before the effective date of the registration of the Company Stock to be held in the Company Stock Fund with the U.S. Securities and Exchange Commission. 

  
 Dividends, interest and other distributions received by the Trustee in
respect of each Investment Medium, including the Company Stock Fund, shall be reinvested in the same Investment Medium. However, pending reinvestment, any such dividends, interest and other distributions in respect of the Company Stock Fund shall be
invested by the Trustee in short-term fixed income investments, which may include units of participation in a short term fixed income fund maintained by the Trustee or a short term fixed income mutual fund. 
  

	 	11.7	Voting Rights of Participants with respect to Company Stock. Each Participant shall have the right to direct the Trustee as to the manner in which voting rights appurtenant
to Company Stock allocated to the Participant’s Account are to be exercised in each matter brought before an annual or special stockholders meeting of the Company and on each matter as to which shareholder authorization of

  

 - 2 - 

 corporate action is solicited by written consent. Before each such meeting or solicitation, the Company
shall cause to be furnished to each Participant a copy of the proxy, other information or solicitation material furnished to stockholders, together with a form requesting directions on how the shares of Company Stock allocated to the
Participant’s Account shall be voted on each such matter. Upon timely receipt of such directions the Trustee shall on each such matter vote as directed the number of shares held by the Trustee and covered by such instructions. If a Participant
fails to give the Trustee timely instructions as to how to vote any Company Stock, the Trustee shall not vote such Company Stock. The instructions received by the Trustee from Participants shall be held by the Trustee in confidence and shall not be
divulged or released to any person, including officers or employees of the Company or any Affiliated Company. 
  

	 	11.8	Rights on Tender or Exchange Offer for Company Stock. Each present or former Participant (or, in the event of his death, his beneficiary) shall have the right, to the extent
of the number of shares of Company Stock allocated to his Account, to instruct the Trustee in writing as to the manner in which to respond to a tender or exchange offer with respect to such shares of Company Stock. The Committee shall use its best
efforts timely to distribute or cause to be distributed to each present or former Participant (or beneficiary thereof) such information as will be distributed to stockholders of the Company in connection with any such tender offer or exchange offer.
Upon timely receipt of such instructions, the Trustee shall respond as instructed with respect to shares of such Company Stock. The instructions received by the Trustee from Participants shall be held by the Trustee in confidence and shall not be
divulged or released to any person, including officers or employees of the Company or any Affiliated Company. If the Trustee does not receive timely instruction from a Participant (or beneficiary) as to the manner in which to respond to such a
tender or exchange offer, such Participant (or beneficiary) shall be deemed to have instructed the Trustee not to tender or exchange the shares allocated to his Account, and the Trustee shall not tender or exchange any such shares.

  
 If pursuant to instructions from any
Participant or beneficiary (each being referred to in this paragraph as a “Tendering Participant”) given pursuant to this subsection 11.8 the Trustee tenders shares of Company Stock in the Tendering Participant’s Account, if any, and
receives cash for these shares, the portion of the Participant’s Account, if any, invested in the Company Stock Fund shall be reduced by the number of shares in the Company Stock Fund portion of his Account which were sold, and the proceeds of
the sale if they consist of cash shall be invested in any one or more of the other Investment Media as directed by the Participant. If the Trustee receives property other than cash for any tendered shares of Company Stock, the Tendering
Participant’s portion of the Participant’s Account, if any, invested in the Company Stock Fund shall be reduced by the number of shares in the Company Stock Fund portion of his Account which were sold, the property received shall be
retained in a separate Investment Medium in the Trust pending a decision by the Trustee of its disposition, and the Tendering Participant shall be credited with his allocable share of such separate Investment Medium. 
  

 - 3 - 

 The Trustee shall tender or exchange unallocated shares of Company Stock only if so directed by the
Committee, which, in so directing, shall act solely in accordance with the principles set forth in Section 404(a) of ERISA. 
  
 6. Section 8.02(e) of the plan shall be amended to reflect the following: 
  
 A Participant who receives a distribution of Salary Reduction Contributions on account of hardship shall be prohibited from
making Salary Reduction Contributions and employee contributions under this and all other plans of the Company for 6 months after receipt of the distribution. 
  

7. Paragraphs 1 through 5 of this Sixth Amendment are effective January 1, 2005. Paragraph 6 of this Sixth Amendment is effective October 1, 2004.

  
 Executed this
             day of
                                        ,
2004. 
  

			
	DOMINO’S PIZZA, INC.
		
	By	 	  

	Title	 	  

  

	
	ATTEST:
	  

	Secretary

  

 - 4 -Executive Retention Agreement between Argonaut Group, Inc. and Barbara C. Bufkin

 Exhibit 10.1 
  
 EXECUTIVE RETENTION AGREEMENT 
  

This Executive Retention Agreement (this “Agreement”), effective as of the 3rd day of January, 2005, is between Argonaut Group, Inc. a
Delaware corporation (the “Company”) and Barbara C. Bufkin (the “Employee”). 
  
 RECITALS: 
  
 The Company desires to continue the “at will” employment of the Employee and to obtain from the Employee certain supplemental agreements regarding confidential information, competition and Company
relationships. 
  
 As an incentive for the foregoing, the Company
desires to grant certain severance benefits to Employee as hereinafter set forth. 
  
 The Employee desires to continue such employment relationship with the Company and to make such agreements. 
  
 NOW, THEREFORE, in consideration of the promises and mutual agreements herein set forth, the parties hereby agree as follows: 
  

	1.	Nature of Employment. The Company and the Employee agree that the Employee is employed “at will,” and nothing in this Agreement is intended to create an obligation by the
Employer to continue its employment relationship with the Employee. 

  

	2.	Agreement Term. The “Agreement Term” shall be the period beginning on the date hereof and ending on the first to occur of (a) July 1, 2006, (b) the date of the
Employee’s death, (c) the date the Employee ceases to be an employee of the Company (whatever the reason for such termination of employment), (d) the date this Agreement is terminated by the Company as a result of a material breach of this
Agreement by the Employee provided such breach has remained uncured for forty-five (45) days following written notice to the Employee of such breach by or on behalf of the Company. 

  

	3.	Severance Benefits. If a Change of Control occurs during the Agreement Term, and if subsequently (x) the Employee’s employment by the Company is terminated by the
Company without Cause within 18 months following such a Change of Control, or (y) the Employee’s employment by the Company is terminated by the Employee for Good Reason, then: 

  

	 	a.	The Employee shall immediately receive from the Company a lump sum payment equal to the base cash compensation of the Employee for a period of 24 months, computed at the rate of
monthly compensation paid to the Employee at the time of the occurrence of the Change of Control. 

  

	 	b.	For such period of time not exceeding 12 months that the Employee or any of the Employee’s dependents is eligible for and elects COBRA continuation coverage (as described in
section 4980B of the Internal Revenue Code of 1986, as amended (the “Code”)) under any Company group health plan, the Company shall pay 

 100% of the premiums necessary to maintain such COBRA continuation and Medicare wrap-around coverage.

  

	 	c.	The Employee shall also be entitled to any other payments and benefits for which the Employee qualifies under the terms of any employee benefit plans or arrangements, other than any
severance benefit, adopted by the Company from time to time and as in effect at the time of Employee’s employment termination, provided, that with respect to any stock option or restricted stock plan among such plans and arrangements
with vesting provisions subject only to the passage of time, Employee will be deemed vested thereunder at the time a payment is made under Section 3(a) to the same extent as Employee would have been vested if Employee’s employment had
continued through the end of the applicable then current vesting period. 

  

	4.	Change of Control. For purposes of this Agreement: 

  

	 	a.	A “Change of Control” shall of be deemed to occur at such time as any “person” or “group” (as such terms are used in Section 13(d) and 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), and the rules and regulations promulgated thereunder), other than any “person” or “group” of which the Employee is an affiliate, is or becomes the
“beneficial owner” (as defined in Rule 13d-3 and 13d-5 under the Exchange Act), directly or indirectly, of more than thirty percent of the total outstanding voting stock of the Company; provided, however, a public offering of any of such
Company stock shall not be deemed a “change of control” for purposes hereof. A Change of Control will be deemed to occur only once. Upon the occurrence of a Change of Control, all references herein to the “Company” shall be
deemed to include the entity resulting from or surviving such Change of Control. 

  

	 	b.	The term “affiliate” means, with respect to any individual or a corporation, partnership, trust, incorporated or unincorporated association, joint venture, limited
liability company, joint stock company, government (or an agency or political subdivision thereof) or other entity of any kind (each a “person”), any other person that directly or indirectly controls or is controlled by or under common
control with such person. For the purposes of this definition, “control” when used with respect to any person, means the possession, direct or indirect, of the power to direct or cause the direction of the management and policies of such
person, whether through the ownership of voting securities, by contract or otherwise; and the terms of “affiliated”, “controlling” and “controlled” have meanings correlated to the foregoing. 

  

	5.	Termination for Cause. For purposes of Section 3, only a termination of the Employee’s employment by the Company arising from any of the following shall be deemed to be
a termination for Cause (and any other termination shall be deemed to be without Cause): 

  

	 	a.	Provided that the Employee has not then been assigned any duties that are inconsistent with, or materially more burdensome than, Employee’s duties at the

  

 2 

 time of the Change of Control, the willful and continued failure by the Employee to substantially perform
such duties, within a reasonable period of time after a written demand for substantial performance is delivered to the Employee by the officer of the Company to whom the Employee then reports, which demand must specifically identify the manner in
which such officer believes that the Employee has not substantially performed Employee’s duties; 
  

	 	b.	The willful engaging by the Employee in conduct which is demonstrably and materially injurious to the Company, monetarily or otherwise; or 

  

	 	c.	The engaging by the Employee in egregious misconduct involving serious moral turpitude to the extent that, in the reasonable judgment of the of the officer of the Company to whom
the Employee then reports, the Employee’s credibility and reputation no longer conform to the standard of the Company’s executives; provided, however, that Cause shall exist under this subsection (c) only if the misconduct involves a
violation of applicable laws. 

  
 For these
purposes, no act, or failure to act, on the Employee’s part shall be deemed “willful” unless done, or omitted to be done, by the Employee not in good faith and without reasonable belief that the Employee’s action or omission was
in the best interest of the Company. 
  

	6.	Good Reason. For purposes of Section 3, if the Employee (a) provides written notice to the Company of the occurrence of Good Reason (as defined below) within a reasonable
time after the Employee has knowledge of the circumstances constituting Good Reason, which notice must specifically identify the circumstances which the Employee believes constitute Good Reason; (b) the Company fails to notify the Employee of the
Company’s intended method of correction within a reasonable period of time after the Company receives such notice, or the Company fails to correct the circumstances within a reasonable time after such notice; and (c) the Employee resigns within
a reasonable time after receiving the Company’s response, if such notice does not indicate an intention to correct such circumstances; or within a reasonable time after the Company fails to correct such circumstances, then the Employee’s
employment by the Company shall be deemed to have been terminated by the Employee for Good Reason. “Good Reason” shall mean, without the Employee’s express written consent (and except in consequence of a prior termination of the
Employee’s employment), the occurrence of any of the following circumstances: 

  

	 	i.	Any change in the duties or responsibilities of Employee that is materially and adversely inconsistent with Employee’s position(s), duties, responsibilities or status with the
Company at the time of the occurrence of the Change of Control (including any material diminution of such duties or responsibilities); 

  

	 	ii.	A reduction in Employee’s base salary from the level of such base salary at the time of the occurrence of the Change of Control unless such reduction is part of a Company
action affecting, in a similar way, all employees of a similar rank; 

  

 3 

	 	iii.	The relocation of the Employee’s base office to an office that is more than 30 highway miles from the location of the Employee’s base office at the time of the occurrence
of the Change of Control, or a requirement that the Employee engage in travel that is materially greater than is reasonably required by the Company’s business at that time; 

  

	 	iv.	The failure of the Company to continue in effect any material employee benefit plan, bonus and/or compensation plan, welfare benefit plan or fringe benefit plan in which Employee is
participating at the time of the occurrence of the Change of Control or the taking of any action by the Company which would adversely affect Employee’s participation in or reduce Employee’s benefits under any such plan, unless such failure
or action is part of a Company action affecting in a similar way all employees of a similar rank; 

  

	 	v.	The failure of the Company, without the Employee’s consent, to pay to the Employee any portion of the Employee’s current compensation, or to provide in all material
respects the indemnification set forth in the Company’s Articles of Incorporation, By-Laws, or any other written agreement between Employee and Company as at the time are in effect; 

  

	 	vi.	The failure of the Company to obtain a satisfactory agreement from any successor to assume and agree to perform this Agreement. 

  

	7.	Gross-Up Payment. 

  

	 	a.	Anything in this Agreement to the contrary notwithstanding, in the event it shall be determined that any payment, award, benefit or distribution (or any acceleration of any payment,
award, benefit or distribution) by the Company to or for the benefit of Employee (the “Payments”) would be subject to the excise tax imposed by Section 4999 of the Internal Revenue Code of 1986, as amended from time to time (the
“Code”) (the “Excise Tax”), then the Company shall pay to the Employee an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the Employee of all taxes (including any Excise Tax) imposed
upon the Gross-Up Payment, the Employee retains an amount of the Gross-Up Payment equal to the sum of (x) the Excise Tax imposed upon the Payments and (y) the products of any deductions disallowed because of the inclusion of the Gross-Up Payment in
the Employee’s adjusted gross income and the highest applicable marginal rate of federal income taxation for the calendar year in which the Gross-Up Payment is to be made. For purposes of determining the amount of the Gross-Up Payment, the
Employee shall be deemed to (A) pay federal income taxes at the highest marginal rates of federal income taxes at the highest marginal rate of taxation for the calendar year in which the Gross-Up Payment is to be made, and (B) have otherwise
allowable deductions for federal income tax purposes at least equal to those which could be disallowed because of the inclusion of the Gross-Up Payment in the Employee’s adjusted gross income. 

  

 4 

	 	b.	As a result of the uncertainty in the application of Section 4999 of the Code at the time of the determination, it is possible that Gross-Up Payments which will not have been made
by the Company should have been made (Underpayment) or Gross-Up Payments are made by the Company which should not have been made (Overpayment), consistent with the calculations required to be made hereunder. In the event that the Employee thereafter
is required to make payment of any Excise Tax or additional Excise Tax, any such Underpayment (together with interest at the rate provided in Section 1274(b)(2)(B) of the Code) shall be promptly paid by the Company to or for the benefit of the
Employee. In the event the amount of the Gross-Up Payment exceeds the amount necessary to reimburse the Employee for the Employee’s Excise Tax, any such Overpayment (together with interest at the rate provided in Section 1274(b)(2)(B) of the
Code) shall be promptly paid by the Employee (to the extent he has received a refund if the applicable Excise Tax has been paid to the Internal Revenue Service) to or for the benefit of the Company. The Employee shall cooperate, to the extent his
expenses are reimbursed by the Company, with any reasonable requests by the Company in connection with any contest or disputes with the Internal Revenue Service in connection with the Excise Tax. 

  

	8.	Non-Competition Obligations. 

  

	 	a.	In order to induce the Company to make the payments and provide the other benefits to the Employee as described in this Agreement, the Employee hereby undertakes and agrees as
follows: 

  

	 	i.	The Employee will not, directly or indirectly, for the Employee or for others engage in any business in the geographic area competitive with the Company’s or any of its
affiliates line of specialty property and/or casualty insurance business as of the date of the termination of the employment relationship; 

  

	 	ii.	The Employee will not render advice, or services to or otherwise assist, any other person who is engaged, directly or indirectly in any business in the geographic area (defined as
those areas by county in which the Company has customers) that is competitive with the Company’s or its affiliates line of specialty property or casualty insurance business as of the date of the termination of the employment relationship;

  

	 	iii.	The Employee will not, directly or indirectly for the Employee’s or others, following termination of the Employee’s employment with the Company, encourage or induce any
current or former employee of the Company or any of its affiliates to leave the employment of the Company or any of its affiliates or offer employment, retain, hire or assist in the hiring of any such employee by any person, association or entity
not affiliated with the Company or any of its affiliates; provided, however, that nothing in this subsection (iii) shall prohibit the Employee from offering employment to any prior employee of the Company or any of its affiliates who was not

  

 5 

 employed by the Company or any of its affiliates at any time in the twelve months prior to the
termination of the Employee’s employment. 
  

	 	b.	The non-competition obligation set forth in this Section 8 shall apply during the Employee’s employment and, if the Employee receives the payment contemplated by
Section 3(a) hereof, for a period of one year after termination of employment. 

  

	9.	No Interference With Company Relationships. If the Employee receives the payment contemplated by Section 3(a), then for a period of one year following a termination of the
Employee’s employment with the Company, the Employee shall not, either on the Employee’s own behalf or as an agent, consult, partner, shareholder, employee, owner or representative of any person or entity: 

  

	 	a.	Directly or indirectly interfere with any of the Company’s or any of its affiliates’ relationships with any of their customers, prospects or clients or induce, or
encourage any customer or client to stop doing business with the Company or any of its affiliates or to induce or encourage any prospect to not retain the services of the Company or any of its affiliates; 

  

	 	b.	Solicit or attempt to solicit, directly or indirectly, any business of any of the Company’s or its affiliates’ customers/clients or prospects; 

  

	 	c.	Take any action, directly or indirectly, to obtain any customer or prospect of the Company or any of its affiliates or any business from any such customer/client or prospect;

  

	 	d.	Or otherwise interfere with any business from any of the Company’s or any of its affiliates’ customers/clients or prospects. 

  
 The term “prospect” means any person or entity for whom or for
which a premium quotation or proposal for services had been prepared by Company or any of its affiliates within twelve months of Employee’s termination of employment. 
  

	10.	Successors and Assigns. This Agreement is personal in its nature and neither of the parties hereto shall, without the consent of the other, assign or transfer this Agreement or any
rights or obligations hereunder, provided, however, that the provisions hereof shall enure to the benefit of, and be binding upon, each successor of the Company, whether by merger, consolidation, acquisition or otherwise, unless otherwise agreed to
by the Employee and the Company. 

  

	11.	Notices. Any notice required or permitted to be given to the Employee pursuant to this Agreement shall be sufficiently given if sent to the Employee by registered or certified mail
addressed to the Employee at 10101 Reunion Place, Ste. 500, San Antonio, Texas 78216, or at such other address as he shall designate by notice to the Company, and any notice required or permitted to be given to the Company pursuant to this Agreement
shall be sufficiently given if sent to the Company by registered or certified mail addressed to it at 10101 Reunion Place, Ste. 500, San Antonio, Texas 78216, or at such other address as it shall designate by notice to the Employee.

  

 6 

	12.	Invalid Provisions. The invalidity or unenforceability of a particular provision of this Agreement shall not effect the enforceability of any other provisions hereof and this
Agreement shall be construed in all respects as if such invalid or unenforceable provision were omitted. 

  

	13.	Amendments To The Agreement. This Agreement may only be amended in writing by an agreement executed by both parties hereto. 

  

	14.	Entire Agreement. This Agreement contains the entire agreement of the parties hereto and supercedes any and all prior agreements, oral or written, and negotiations between said
parties regarding the subject matter contained herein. 

  

	15.	Applicable Law, Venue and Specific Performance. This Agreement is entered into under, and shall be governed for all purposes, by the laws of the State of Texas; with venue of any
lawsuit between the parties in State District Court, Bexar County, Texas. The Employee acknowledges that the Company would be irreparably injured by a violation of Sections 8, or 9, and agrees that the Company, in addition to any other
remedies available to it for such breach or threatened breach, shall be entitled to a preliminary injunction, temporary restraining order, or other equivalent relief, restraining the Employee from any actual or threatened breach thereof. If a bond
is required to be posted in order for the Company to secure an injunction or other equitable remedy, the parties agree that said bond need not be more than a nominal sum. 

  

	16.	No Waiver. No failure by either party hereto at any time to give notice of any breach by the other party of, or to require compliance with, any condition or provision of this
Agreement shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any prior or subsequent time. 

  

	17.	Severability. If a Court of competent jurisdiction determines that any provision of this Agreement is invalid or unenforceable, then the invalidity or unenforceability of that
provision shall not effect the validity or unenforceability of any other provision of this Agreement, and all other provisions shall remain in full force and effect. 

  

	18.	Counterparts. This Agreement may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which together will constitute one in the same
agreement. 

  

	19.	Withholding of Taxes and Other Employee Deductions. The Company may withhold from any benefits and payments made pursuant to this Agreement all federal, state, city and other taxes
as may be required pursuant to any law or governmental regulation or ruling and any and all other normal employee deductions made with respect to the Company’s employees generally. 

  

 7 

 In witness whereof, the parties hereto have executed this Agreement as of the day and year above written.

  

									
	Argonaut Group, Inc.:	 	 	 	 Barbara C. Bufkin:

				
	 By:   
	 	 /s/ Mark E. Watson, III

 Mark E. Watson, III
 President and CEO
	 	 	 	 /s/ Barbara C. Bufkin

  

 8

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