Document:

AMENDED AND RESTATED ANNUAL EXECUTIVE INCENTIVE COMPENSATION PLAN

 Exhibit 10(jj) 
  
 MARSHALL & ILSLEY CORPORATION 
 ANNUAL EXECUTIVE INCENTIVE COMPENSATION PLAN 
 as of January 15, 2004 
  
 1. Purpose. The Board of Directors of Marshall & Ilsley
Corporation adopted this Annual Executive Incentive Compensation Plan (the “Plan”) on February 21, 2002. The Plan is intended to establish a correlation between the annual incentives awarded to the participants and the Company’s
financial performance. The participants will receive an incentive award if the performance goals, as fixed by the Compensation and Human Resources Committee of the Board of Directors of Marshall & Ilsley Corporation (the “Committee”)
pursuant to the terms of the Plan, are met. Subject to approval by the shareholders of Marshall & Ilsley Corporation, the Plan will be applicable to 2002 and subsequent years unless and until terminated by the Committee. If shareholder approval
is not obtained, the Plan will not take effect. The Plan is intended to meet the requirements of Section 162(m) of the Internal Revenue Code, and the regulations thereunder, so that compensation received pursuant to the Plan will be
performance-based compensation excludable from the $1 million limitation on deductible compensation. 
  
 2. Definitions. As used in the Plan, the following terms have the meanings indicated: 
  
 (a) “Award Table” means a table similar in type to
Exhibit A, with changes necessary to adapt to the performance criteria selected by the Committee for the Performance Year and to display other objective factors necessary to determine the amount, if any, of the incentive award for the Performance
Year. 
  
 (b) “Board” means the Board
of Directors of the Company. 
  
 (c)
“Code” means the Internal Revenue Code of 1986, as amended from time to time. 
  
 (d) “Committee” means the Compensation and Human Resources Committee of the Board. 
  
 (e) “Company” means Marshall & Ilsley
Corporation and its subsidiaries including subsidiaries of subsidiaries and partnerships and other ventures in which Marshall & Ilsley Corporation has a significant equity interest, as determined in the sole discretion of the Committee.

  
 (f) “Disability” means a condition
that entitles the Participant to disability payments under the terms of the Company’s long-term disability plan. 
  
 (g) “Earnings” means the after-tax consolidated net income of the Company computed in accordance with generally accepted
accounting principles and adjusted to eliminate the following if the impact on net income is material: (i) gain or loss attributable to the disposition of investment in subsidiaries, and (ii) extraordinary and nonrecurring items of income or loss.

 (h) “Earnings per Share” means the portion of the Company’s Earnings
allocable to each outstanding share of common stock during the accounting period, based on the average number of shares outstanding, computed on a fully-diluted basis in accordance with generally accepted accounting principles. 
  
 (i) “Participant” means any employee of the
Company designated to participate in the Plan. 
  
 (j) “Performance Goal” means one or more of Earnings Per Share, Earnings, Return on Average Equity, or Return on Average Assets, which may be used singularly or in combination, as the Committee determines, to measure the
performance of the Company for the purpose of determining whether, and to what extent, an award will be payable under the Plan for the Performance Year. 
  
 (k) “Performance Year” means the Company’s fiscal year. The initial Performance Year is 2002. 
  
 (l) “Plan” means the Marshall & Ilsley
Corporation Annual Executive Incentive Compensation Plan. 
  
 (m) “Retirement” or “Retires” means the termination of employment of a Participant on or after attaining age 65, or due to early retirement with the consent of the Committee. 
  
 (n) “Return on Average Assets” or “ROAA”
means Earnings for the accounting period divided by total average assets. 
  
 (o) “Return on Average Equity or “ROAE” means Earnings for the accounting period divided by total average equity. 
  
 (p) “Salary” means base salary earned for each Performance Year determined in accordance with
principles employed for reporting salary to the shareholders of Marshall & Ilsley Corporation in the annual Proxy Statement. 
  
 3. Participation. Participation in the Plan shall be limited to the Chairman (so long as he or she is an employee of the Company), President, Chief
Financial Officer and any other Participants designated by the Committee or senior management. A person who becomes a Participant after the commencement of a Performance Year shall be eligible to receive a pro rata award pursuant to Section 4, based
on the number of full months remaining in the Performance Year after he or she becomes a Participant. 
  

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 4. Determination of Awards. 
  
 (a) Before April 1, 2002, and thereafter, during the first ninety days of each succeeding Performance Year,
the Committee will complete and adopt an Award Table substantially in the form attached as Exhibit A. The Award Table will fix the objective components for determining whether an award will be paid and, if so, the amount of the award. Awards are
based on a percentage of each Participant’s Salary for the Performance Year, if and to the extent the Performance Goal is achieved. If the performance falls between the Performance Goals set forth in the Award Table, the amount of the award
will be determined by interpolation. The Performance Goals and targets for a Performance Year may not be modified after the first ninety days of a calendar year have elapsed. 
  
 (b) Before any award may be paid for a Performance Year, the Committee shall certify that the Performance
Goals and other requirements of the Plan have been satisfied for the Performance Year. No payments shall be made unless and until the Committee makes this certification. 
  
 (c) Even though the Performance Goals have been met, (i) no award to a Participant with respect to a
Performance Year shall exceed $2,000,000, and (ii) the Committee expressly reserves the right to reduce or eliminate entirely any award if it determines it is in the best interests of the Company to do so. Such determination shall be conclusive and
binding. 
  
 5. Payment of Awards. 
  
 (a) If the Committee has made the certification required
pursuant to Section 4(b), subject to Section 4(c), awards shall be payable not later than 60 days following the last day of the Performance Year for which they are computed. Notwithstanding the foregoing, (i) a Participant may defer receipt of an
award by filing a timely election pursuant to the Company’s 1997 Executive Deferred Compensation Plan and (ii) if all or any portion of a Participant’s award is not deductible by the Company for federal income tax purposes because of
limitations contained in Section 162(m) of the Code, the Committee may, in its sole discretion, require that the nondeductible portion be deferred to the Executive Deferred Compensation Plan. All awards under the Plan are subject to federal, state
and local income and payroll tax withholding when paid. 
  
 (b) A Participant shall receive no award for a year if the Participant’s employment with the Company terminates prior to the last day of the Performance Year for any reason other than death, Disability,
Retirement, or a Change in Control as defined in the Company’s 2000 Executive Stock Option and Restricted Stock Plan, as amended from time to time. A Participant who terminates employment for one of the reasons described in the preceding
sentence shall be eligible to receive a pro rata award, if an award is otherwise payable pursuant to Section 4, based on the number of full months elapsed in the Performance Year ending with the date the event occurred. A Participant shall not
forfeit an award if the participant’s employment terminates after the end of the 
  

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 applicable Performance Year, but prior to the distribution of the award for such year. Notwithstanding
the foregoing, in the event of a Change in Control, any payments owing to a Participant under the Plan for the year of his termination of employment shall be reduced, but not below zero, by any amount payable to the Participant as a bonus for the
year of termination of employment pursuant to the Participant’s Change in Control Agreement with the Company. 
  
 (c) If a Participant dies and is subsequently entitled to receive an award under the Plan, the award shall be paid to the
Participant’s estate. 
  
 6. Administration. The Plan
shall be administered by the Committee. The Committee may adopt rules and regulations for carrying out the Plan, and the Committee may take such actions as it deems appropriate to ensure that the Plan is administered in the best interests of the
Company. The Committee has the authority to construe and interpret the Plan, resolve any ambiguities, and make determinations with respect to the eligibility for or amount of any award. The interpretation, construction and administration of the Plan
by the Committee shall be final and conclusive. The Committee may consult with counsel, who may be counsel to the Company, and shall not incur any liability for any action taken in good faith in reliance upon the advice of counsel. 
  
 7. Rights. Participation in the Plan and the right to receive awards
under the Plan shall not give a Participant any proprietary interest in the Company or any of its assets. A Participant shall for all purposes be a general creditor of the Company. The interests of a Participant cannot be assigned, anticipated,
sold, encumbered or pledged and shall not be subject to the claims of his creditors. Nothing in the Plan shall confer upon any Participant the right to continue in the employ of the Company, or shall interfere with or restrict in any way the right
of the Company to discharge a Participant at any time for any reason whatsoever, with or without cause. 
  
 8. Successors. The Plan shall be binding on the Participants and their personal representatives. If the Company becomes a party to any merger,
consolidation, reorganization or other corporate transaction, the Plan shall remain in full force and effect as an obligation of the Company or its successor in interest. 
  
 9. Amendment and Termination. The Committee may amend or terminate the Plan at any time as it deems appropriate;
provided that to the extent required to meet the requirements of Code Section 162(m) for performance-based compensation, any amendment that makes a material change to the Plan must be approved by the shareholders of Marshall & Ilsley
Corporation. 
  
 10. Interpretation. If any provision of
the Plan would cause the Plan to fail to meet the Code Section 162(m) requirements for performance-based compensation, then that provision of the Plan shall be deemed modified to the extent necessary to meet the requirements of Code Section 162(m).

  

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 Exhibit A 
  
 AWARD TABLE 
  
 PERFORMANCE YEAR 20     
  

														
	 	  	A	 	 	(-)	  	B	 	 	(+)	  	C	 
	 	  	Threshold
Performance
Level
Specified:

	 	 	 	  	Target
Performance
Level
Specified:

	 	 	 	  	Maximum
Performance
Level
Specified:

	 
	 Title

	  	% of Salary

	 	 	 	  	% of Salary

	 	 	 	  	% of Salary

	 
	 Chairman
	  	—  	%	 	 	  	—  	%	 	 	  	—  	%
	 President
	  	—  	%	 	 	  	—  	%	 	 	  	—  	%
	 Chief Financial Officer
	  	—  	%	 	 	  	—  	%	 	 	  	—  	%

  
 During the first 90 days of each
Performance Year, the Committee shall set the Performance Goals using the following process. 
  
 Award Derivations 
  

	1.	Specify performance criteria to be used as the Performance Goals for the Performance Year (i.e., one or more of Earnings per Share, Earnings, Return on Average Equity or Return on
Average Assets, which may be used singularly or in combination, as the Committee determines, to measure the performance of the Company for the purpose of determining whether an award will be payable under the Plan for the Performance Year).

  

	2.	Fix the target Performance Goal and percentage of salary. (B) 

  

	3.	Fix the threshold Performance Goal below which no award is payable and percentage of salary. (A) 

  

	4.	Fix maximum Performance Goal which results in maximum permitted award and percentage of salary. (C) 

  

	5.	If the result achieved for the Performance Year is less or greater than the goal specified in B, but greater than the goal specified in A, the percentage award payable will be
determined by interpolating, as provided in the Plan, between A and B and B and C, as the case may be with C being the maximum. 

  

 5AMENDED AND RESTATED 1994 LONG-TERM INCENTIVE PLAN FOR EXECUTIVES

 Exhibit 10(kk) 
  
 MARSHALL & ILSLEY CORPORATION 
 AMENDED AND RESTATED 
 1994 LONG-TERM INCENTIVE PLAN FOR EXECUTIVES 
 as of January 15, 2004 
  

	1.	PURPOSE OF THE PLAN. 

  
 The purpose of the Plan is to promote the best interests of Marshall & Ilsley Corporation and enhance shareholder value by attracting and retaining
key personnel and providing such employees with an incentive to put forth maximum effort for the continued success and growth of the Company. 
  

	2.	DEFINITIONS. 

  
 (a) “Account” shall mean the account established and administered for the benefit of a Participant under the Plan if the Participant is awarded
Units. 
  
 (b) “Code” shall mean the Internal Revenue
Code of 1986, as amended. 
  
 (c) “Committee” shall mean
the Committee referenced in Paragraph 3 of the Plan. 
  
 (d)
“Company” shall mean Marshall & Ilsley Corporation, a Wisconsin corporation. 
  
 (e) “Employees” shall mean those individuals who are executive officers or senior managers of the Company or its Subsidiaries. 
  
 (f) “Market Price” shall mean the closing sale price of a Share on the New York Stock Exchange as reported in the
Midwest Edition of the Wall Street Journal, or such other market price as the Committee may determine in conformity with pertinent law and regulations of the Treasury Department. 
  
 (g) “1934 Act” shall mean the Securities Exchange Act of 1934, as amended. 
  
 (h) “Participant” shall mean an Employee designated by the
Committee to be a participant in the Plan. 
  
 (i)
“Plan” shall mean the Amended and Restated 1994 Long-Term Incentive Plan for Executives of the Company. 
  
 (j) “Share” or “Shares” shall mean the $ 1.00 par value common stock of the Company. 

 (k) “Subsidiary” shall mean a subsidiary corporation of the Company as defined in Section
424(f) of the Code. 
  
 (l) “Triggering Event” shall
mean the first to occur of the following: 
  
 (i)
The acquisition by any individual, entity or “group” (within the meaning of Section 13(d)(3) or 14(d)(2) of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)) of beneficial ownership (within the meaning of Rule
13d-3 promulgated under the Exchange Act) of thirty-three percent (33%) or more of either (A) the then outstanding shares of common stock of the Company (the “Outstanding Company Common Stock”) or (B) the combined voting power of the then
outstanding voting securities of the Company entitled to vote generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that the following acquisitions of common stock shall not
constitute a Triggering Event: (A) any acquisition directly from the Company (excluding an acquisition by virtue of the exercise of a conversion privilege or by one person or a group of persons acting in concert), (B) any acquisition by the Company,
(C) any acquisition by any employee benefit plan (or related trust) sponsored or maintained by the Company or any corporation controlled by the Company or (D) any acquisition by any corporation pursuant to a reorganization, merger, statutory share
exchange or consolidation which would not be a Triggering Event under paragraph (iii) of this Section 2(m); or 
  
 (ii) Individuals who, as of the date hereof, constitute the Board (the “Incumbent Board”) cease for any reason to constitute at
least a majority of the Board; provided, however, that any individual becoming a director subsequent to the date hereof whose election, or nomination for election by the Company’s shareholders, was approved by a vote of at least a majority of
the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of
either an actual or threatened “election contest” or other actual or threatened “solicitation” (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the Exchange Act) of proxies or consents by or on behalf of
a person other than the Incumbent Board; or 
  
 (iii) Consummation of a reorganization, merger, statutory share exchange or consolidation, unless, following such reorganization, merger, statutory share exchange or consolidation, (A) more than two-thirds (2/3) of, respectively, the then
outstanding shares of common stock of the corporation resulting from such reorganization, merger, statutory share exchange or consolidation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote
generally in the election of directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and
Outstanding Company Voting Securities immediately prior to such reorganization, merger, statutory share exchange or consolidation in substantially 

 the same proportions as their ownership, immediately prior to such reorganization, merger, statutory
share exchange or consolidation, (B) no person (excluding the Company, any employee benefit plan (or related trust) of the Company or such corporation resulting from such reorganization, merger, statutory share exchange or consolidation and any
person beneficially owning, immediately prior to such reorganization, merger, statutory share exchange or consolidation, directly or indirectly, thirty-three percent (33%) or more of the Outstanding Company Common Stock or Outstanding Voting
Securities, as the case may be) beneficially owns, directly or indirectly, thirty-three percent (33%) or more of, respectively, the then outstanding shares of common stock of the corporation resulting from such reorganization, merger, statutory
share exchange or consolidation or the combined voting power of the then outstanding voting securities of such corporation, entitled to vote generally in the election of directors and (C) at least a majority of the members of the board of directors
of the corporation resulting from such reorganization, merger, statutory share exchange or consolidation were members of the Incumbent Board at the time of the execution of the initial agreement providing for such reorganization, merger or
consolidation; or 
  
 (iv) Consummation of (A) a
complete liquidation or dissolution of the Company or (B) the sale or other disposition of all or substantially all of the assets of the Company, other than to a corporation, with respect to which following such sale or other disposition, (1) more
than two-thirds (2/3) of, respectively, the then outstanding shares of common stock of such corporation and the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of
directors is then beneficially owned, directly or indirectly, by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding Company Common Stock and Outstanding Company Voting Securities
immediately prior to such sale or other disposition in substantially the same proportion as their ownership, immediately prior to such sale or other disposition, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as
the case may be, (2) no person (excluding the Company and any employee benefit plan (or related trust) of the Company or such corporation and any person beneficially owning, immediately prior to such sale or other disposition, directly or
indirectly, thirty-three percent (33%) or more of the Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, thirty-three percent (33%) or more of, respectively, the
then outstanding shares of common stock of such corporation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (C) at least a majority of the members
of the board of directors of such corporation were members of the Incumbent Board at the time of the execution of the initial agreement or action of the Board providing for such sale or other disposition of assets of the Company. 
  
 (m) “Unit” shall mean a bookkeeping entry used by the Company to
record and account for the grant of an award under the Plan denominated in Shares until such time as the award is paid, cancelled, forfeited or terminated, as the case may be. 

	3.	ADMINISTRATION OF THE PLAN. 

  
 (a) The Plan shall be administered by the Compensation and Human Resources Committee of the Board of Directors of the Company. The Committee shall consist
of not less than three members of the Board of Directors of the Company and shall be so constituted as to permit the Plan to comply with Rule 16b-3 under the 1934 Act, as such rule is currently in effect or as hereafter modified or amended, Section
162(m) of the Code, or any successor rule or other statutory or regulatory requirements. 
  
 (b) The Committee shall have sole authority in its discretion, but always subject to the express provisions of the Plan, to determine the Employees who will be Participants; the number of Units which will be credited
to each Account in the case of Employees who are awarded Units; the dollar amounts to be earned by certain Employees of a Subsidiary or division of the Company upon the attainment of performance goals tied to the performance of the employing
Subsidiary or division of the Company; the performance criteria for earning the Units credited to each Account, or dollar amounts in the case of Employees of a Subsidiary or division of the Company; and the period of time to which the performance
criteria will be applied. The Committee shall have sole authority in its discretion to interpret the plan; to prescribe, amend and rescind rules and regulations pertaining to the Plan; to determine the terms and provisions of the respective awards
to Participants; and to make all other determinations and interpretations deemed necessary or advisable for the administration of the Plan. The Committee’s determination of the foregoing matter shall be conclusive and binding on the Company,
all Employees, all Participants and all other persons. 
  

	4.	ELIGIBILITY. 

  
 Only Employees shall be eligible to be Participants under the Plan. In determining which Employees will be Participants and the amount of the award
hereunder, the Committee may take into account the nature of the services rendered by the respective Employees, their present and potential contributions to the success of the Company, its Subsidiaries or divisions, and other such factors as the
Committee in its discretion shall deem relevant. In all events, awards made to the Chairman of the Board, Chief Executive Officer, Chief Operating Officer or Chief Financial Officer of the Company will be denominated in terms of Units. An Employee
who has been granted an award under the Plan may be granted additional awards under the Plan if the Committee shall so determine. The Company shall effect the granting of awards hereunder in such manner as the Committee determines. No award may be
granted under the Plan to a member of the Committee. In addition, any payment made to an Employee of a Subsidiary or division that is tied to the performance of that Subsidiary or division and, at the time of the grant was denominated in cash, shall
not exceed a maximum of $1,000,000 for each award period. 
  

	5.	ESTABLISHMENT OF ACCOUNTS. 

  
 The Company shall establish on its books of account a separate Account for each Participant awarded Units, which shall be used for the purpose of
determining the compensation 

 to which such Participant from time to time may be entitled hereunder. There shall be recorded in such Participant’s
Account the number of Units from time to time credited to the Participant by the Committee or pursuant to Paragraph 8 hereof. In no event will more than 3,000,000 Units, subject to adjustment under Paragraph 10 hereof, be granted under the Plan
(excluding Units credited in lieu of dividends under Paragraph 8 hereof). No more that 600,000 Units will be granted to any one individual (again excluding Units credited in lieu of dividends and subject to adjustment under Paragraph 10) during the
term of the Plan. Accounts shall be maintained solely for accounting purposes, and no assets of the Company shall be segregated or subject to any trust for any Participant’s benefit by reason of the establishment of the Participant’s
Account. In addition, no Participant shall acquire any rights as a shareholder of the Company, including the right to vote with respect to any matter before the shareholders of the Company or to receive dividends payable on the common stock, or,
except as is specifically provided otherwise herein, any other rights, by reason of the establishment of the Participant’s Account. 
  

	6.	PERFORMANCE CRITERIA. 

  
 The Committee shall establish performance criteria which will govern whether and to what extent Participants will receive a pay-out of their Accounts, or,
in the case of certain Employees of a Subsidiary or a division of the Company, the dollar amount, if any, to be paid to such Participant. The criteria among which the Committee may choose in establishing performance criteria are one or more of
earnings per share, net income, revenues, return on average assets, return on average equity, total shareholder return or cost control of the Company and/or one or more of its Subsidiaries, divisions, or any other entity in which the Company owns
more than 50% of the interests entitled to vote. The length of the performance period, the performance objectives to be achieved during the performance period (including defining the above terms, and if deemed appropriate, the exclusion of
extraordinary items or any other adjustments considered proper), and the measure of whether and to what degree such objectives have been attained shall be conclusively determined by the Committee. No payment of awards under this Plan shall be made
until the Committee certifies that the performance criteria to which such awards were subject have been met. Even though the performance criteria have been met, the Committee expressly reserves the right to reduce or eliminate entirely any award if
it determines it is in the best interests of the Company to do so. 
  

	7.	PAYMENT OF AWARDS. 

  
 The Committee, in its sole discretion, may pay awards earned under the Plan in cash, Shares or a combination of cash or Shares. Any Shares paid may be
treasury Shares or authorized, but unissued, Shares. If all or any portion of a Participant’s award is not deductible by the Company for federal income tax purposes because of limitations contained in Section 162(m) of the Code, the Committee
may, in its sole discretion, require that the nondeductible portion be deferred to the Company’s Executive Deferred Compensation Plan. 

	8.	DIVIDENDS AND DIVIDEND EQUIVALENTS. 

  
 At such time as dividends are paid on Shares, an Account of a Participant shall be credited with that number of additional Units equal to the
product of (a) the number of Units then in the Account times (b) the amount of the dividend per Share divided by (c) the Market Price of a Share on the date a dividend is paid. 
  

	9.	TERMINATION OF EMPLOYMENT. 

  
 (a) Any Participant whose employment with the Company, a Subsidiary or division is terminated due to retirement on such Participant’s normal
retirement date (as defined in the M&I Retirement Program or any successor thereto), early retirement with the consent of the Committee, or long-term disability (as defined in Company’s long-term disability income plan), shall continue as a
Participant in the Plan as to awards previously made (and any dividends or dividend equivalents earned in connection therewith), but shall not be entitled to any new awards after the date of retirement, early retirement or long-term disability.

  
 (b) Any Participant whose employment with the Company, a
Subsidiary or division is terminated due to or death or any Participant who dies after retirement, as defined in subparagraph (a), above, but while he still is a Participant in the Plan, shall continue as a Participant in the Plan as to awards
previously made (and any dividends or dividend equivalents earned in connection therewith) until the close of the calendar year in which the Participant dies, unless the Committee decides to provide otherwise at the time an award is made. In such
cases, the Committee will determine if and to what extent the performance criteria it established have been met as of the close of the calendar year. Based on this determination, a Participant, or, in the case of death, his beneficiary as determined
pursuant to Paragraph 12, hereof, shall receive a prorated award within 90 days of the end of the calendar year based on a fraction, the numerator of which is the number of days from the beginning of the award period to the date of death or
disability and the denominator of which is the total number of days in the award period. 
  
 (c) If a Participant’s employment is terminated for any reason other than those specified in subparagraphs (a) and (b), above, his participation in the Plan shall immediately cease and he shall not be entitled to
any award under the Plan, unless the Committee, in its sole discretion, determines otherwise. 
  
 (d) Notwithstanding the foregoing, if (i) a Participant’s employment is terminated as a result of, or in anticipation of, a Triggering Event, or (ii) a Participant’s employment is not terminated, but a
Triggering Event occurs, a Participant shall receive an amount equal to the amount he would be entitled to receive at the close of the performance period based on the extent to which the performance criteria set by the Committee have been met as of
the date of the Triggering Event, unless the Committee decides to provide otherwise at the time an award is made. Payment of the amount to which the Participant is entitled hereunder shall be made within 30 days after the occurrence of the
Triggering Event. 

 (e) The Plan does not confer upon any Participant any right with respect to continuation of employment by
the Company, a Subsidiary or division, nor shall it interfere in any way with the right of the Company, any Subsidiary or a division to terminate any Participant’s employment at any time. 
  

	10.	ADJUSTMENT PROVISIONS. 

  
 If the Company shall effect a subdivision or consolidation of Shares or other capital readjustment, the payment of a stock dividend, or other increase or
reduction in the number of Shares outstanding, or shall effect a spin-off, split-off, or other distribution of assets to shareholders, without receiving consideration therefor in money, services or property, the number of Units in each Account and
the number of Shares available for payment of awards hereunder shall be appropriately adjusted by the Committee. 
  

	11.	NONASSIGNABILITY. 

  
 No Accounts or any payment under the Plan shall be subject in any manner to alienation, anticipation, sale, transfer (except by will or the laws of
descent and distribution), assignment, pledge, or encumbrance. Any attempt to alienate, sell, transfer, assign, pledge or otherwise encumber any Account or any payment under the Plan shall be void and of no legal effect. 
  

	12.	BENEFICIARY DESIGNATION. 

  
 If a Participant dies prior to the distribution to him of all amounts payable to him under the Plan, the amounts otherwise distributable to the
Participant if living, shall be distributed to his designated beneficiary or beneficiaries. All beneficiary designations shall be made in the form prescribed by the Committee from time to time and shall be delivered to the Secretary of the Company.
If there is no effective beneficiary designation on file at the time of the Participant’s death, distribution of amounts otherwise payable to the deceased Participant under the Plan shall be made to his Estate. If the beneficiary designated by
the Participant shall survive the Participant but die before receiving all distributions hereunder, all amounts otherwise payable to the deceased beneficiary shall be paid to such deceased beneficiary’s Estate unless the Participant’s
beneficiary designation provides otherwise. The Company shall have no responsibility with respect to the validity of any beneficiary designation made by a Participant and shall be fully protected if it acts thereon in good faith. 
  

	13.	TAXES. 

  
 The Company shall be entitled to pay or withhold the amount of any tax which it believes is required as a result of the payment of any amounts under the Plan, and the Company may defer making payments hereunder until
arrangements satisfactory to it have been made with respect to any such withholding obligations. A Participant may, at his election, satisfy his obligation for payment of withholding taxes by having the Company retain a number of Shares, if payment
of the Account includes Shares, having an aggregate Market Price on the date the Shares are 

 withheld equal to the amount of the withholding tax or by delivering to the Company Shares already owned by the
Participant having an aggregate Market Price on the date the Shares are delivered equal to the amount of the withholding tax. The Company shall have the right to rely on a written opinion of legal counsel, which may be independent legal counsel or
legal counsel regularly employed by the Company, if any question should arise as to the payment or withholding of taxes. 
  

	14.	EFFECTIVENESS OF THE PLAN. 

  
 The Plan became effective upon approval by the Company’s Executive Compensation Committee and Board of Directors on March 30, 1994, subject to
ratification of the Plan by the vote of the holders of a majority of the Shares present or represented and entitled to vote at an annual or special meeting of the Company duly called and held which vote was received on August 23, 1994. An initial
set of amendments hereto were approved by the Board of Directors on February 12, 1998, subject to approval at the April 28, 1998 Annual Meeting of shareholders, which approval was obtained. An additional set of amendments hereto were approved by the
Board of Directors on February 20, 2003, subject to approval at the April 22, 2003 Annual Meeting of shareholders. If shareholder approval is not obtained, any awards previously made at the December 19, 2002 meeting of the Committee will be void and
of no further effect. 
  

	15.	TERMINATION AND AMENDMENT. 

  
 The Plan may be terminated, modified or amended by the Company’s Board of Directors, provided, however, that any modification or amendment
which would, under applicable law or other regulatory provisions require shareholder approval and any amendment to increase the number of Units available for grant under the Plan shall be subject to shareholder approval and provided, further,
that no termination, modification or amendment of the Plan may, without the consent of a Participant, adversely affect the rights of such Participant in any outstanding award, other than a termination because the requisite shareholder approval is
not obtained. In such event, any awards made subject to the consent of the shareholders shall be void and of no further effect. 
  

	16.	GOVERNING LAW. 

  
 The Plan shall be construed, administered and governed in all respects under and by the applicable laws of the State of Wisconsin, without regard to its
conflicts of law provisions.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00061-of-00352.parquet"}]]