Document:

Exhibit 10.46

 

SUPPLEMENTARY SAVINGS PLAN OF ROCKWOOD SPECIALTIES
INC.

 

(As Amended and Restated Effective January 1,
2009)

 

 

Table of Contents

 

	
   

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
   

  	
   

  	
  2

  
	
  ARTICLE II -

  	
  Definitions

  	
   

  	
  2

  
	
  2.1

  	
  “Account”

  	
   

  	
  2

  
	
  2.2

  	
  “Affiliate”

  	
   

  	
  2

  
	
  2.3

  	
  “Beneficiary”

  	
   

  	
  2

  
	
  2.4

  	
  “Board”

  	
   

  	
  2

  
	
  2.5

  	
  “Code”

  	
   

  	
  2

  
	
  2.6

  	
  “Committee”

  	
   

  	
  2

  
	
  2.7

  	
  “Company”

  	
   

  	
  3

  
	
  2.8

  	
  “Compensation”

  	
   

  	
  3

  
	
  2.9

  	
  “Effective Date”

  	
   

  	
  3

  
	
  2.10

  	
  “Eligible Employee”

  	
   

  	
  3

  
	
  2.11

  	
  “Employer”

  	
   

  	
  3

  
	
  2.12

  	
  “Grandfathered Portion”

  	
   

  	
  3

  
	
  2.13

  	
  “Matching Account”

  	
   

  	
  3

  
	
  2.14

  	
  “Matching Credits”

  	
   

  	
  3

  
	
  2.15

  	
  “Non-Grandfathered Portion”

  	
   

  	
  3

  
	
  2.16

  	
  “Participant”

  	
   

  	
  3

  
	
  2.17

  	
  “Plan”

  	
   

  	
  3

  
	
  2.18

  	
  “Plan Year”

  	
   

  	
  3

  
	
  2.19

  	
  “Profit Sharing/401(k) Plan”

  	
   

  	
  3

  
	
  2.20

  	
  “401(k) Matching Contribution”

  	
   

  	
  3

  
	
  2.21

  	
  “401(k) Salary Deferral
  Contributions”

  	
   

  	
  4

  
	
  2.22

  	
  “Profit Sharing Annual
  Contribution”

  	
   

  	
  4

  
	
  2.23

  	
  “Money Purchase Annual
  Contribution”

  	
   

  	
  4

  
	
  2.24

  	
  “Salary Deferral Account”

  	
   

  	
  4

  
	
  2.25

  	
  “Salary Deferral Agreement”

  	
   

  	
  4

  
	
  2.26

  	
  “Salary Deferral Credits”

  	
   

  	
  4

  
	
  2.27

  	
  “Seconded Employees”

  	
   

  	
  4

  
	
  2.28

  	
  “Section 409A”

  	
   

  	
  4

  
	
  2.29

  	
  “Separation from Service”

  	
   

  	
  4

  
	
  2.30

  	
  “Statutory Limitations”

  	
   

  	
  4

  
	
  2.31

  	
  “Termination”

  	
   

  	
  4

  
	
  2.32

  	
  “Unforeseeable Emergency”

  	
   

  	
  4

  
	
  ARTICLE III -

  	
  Participation

  	
   

  	
  5

  
	
  3.1

  	
  Eligibility to Participate

  	
   

  	
  5

  
	
  3.2

  	
  Enrollment

  	
   

  	
  5

  
	
  3.3

  	
  Deferral of Compensation

  	
   

  	
  5

  
	
  ARTICLE IV -

  	
  Accounts

  	
   

  	
  6

  
	
  4.1

  	
  Maintenance of Accounts

  	
   

  	
  6

  
	
  4.2

  	
  Salary Deferral Credits

  	
   

  	
  6

  
	
  4.3

  	
  Matching Credits

  	
   

  	
  6

  
	
  4.4

  	
  Interest Credits

  	
   

  	
  7

  

 

i

 

Table of Contents

(continued)

 

	
   

  	
   

  	
   

  	
  Page

  
	
  4.5

  	
  Vesting

  	
   

  	
  7

  
	
  4.6

  	
  Quarterly Statements

  	
   

  	
  7

  
	
  ARTICLE V -

  	
  Payments

  	
   

  	
  7

  
	
  5.1

  	
  Methods of Payment

  	
   

  	
  7

  
	
  5.2

  	
  Commencement of Benefits

  	
   

  	
  8

  
	
  5.3

  	
  Death Benefits

  	
   

  	
  8

  
	
  5.4

  	
  Hardship

  	
   

  	
  8

  
	
  5.5

  	
  Tax Increases

  	
   

  	
  8

  
	
  5.6

  	
  Tax Withholding

  	
   

  	
  8

  
	
  5.7

  	
  Restriction on Commencement of
  Distributions under Section 409A

  	
   

  	
  8

  
	
  5.8

  	
  Treatment of Installments under
  Section 409A

  	
   

  	
  9

  
	
  ARTICLE VI -

  	
  Determination of Benefits, Claims
  Procedure and Administration

  	
   

  	
  9

  
	
  6.1

  	
  Determination

  	
   

  	
  9

  
	
  6.2

  	
  Interpretation

  	
   

  	
  9

  
	
  6.3

  	
  Reports

  	
   

  	
  9

  
	
  6.4

  	
  No Liability

  	
   

  	
  9

  
	
  ARTICLE VII -

  	
  General Provisions

  	
   

  	
  10

  
	
  7.1

  	
  Designation of Beneficiary

  	
   

  	
  10

  
	
  7.2

  	
  Amendment and Termination

  	
   

  	
  10

  
	
  7.3

  	
  No Contract of Employment

  	
   

  	
  10

  
	
  7.4

  	
  Nonalienation of Benefits

  	
   

  	
  10

  
	
  7.5

  	
  Corporate Successors

  	
   

  	
  10

  
	
  7.6

  	
  Unfunded Plan

  	
   

  	
  11

  
	
  7.7

  	
  Governing Law

  	
   

  	
  11

  
	
  7.8

  	
  Payments to Incompetents or Minors

  	
   

  	
  11

  
	
  7.9

  	
  Partial Invalidity

  	
   

  	
  11

  

 

ii

 

SUPPLEMENTARY SAVINGS PLAN OF ROCKWOOD SPECIALTIES
INC.

 

(As Amended and Restated Effective January 1,
2009)

 

ARTICLE I

 

Rockwood
Specialties Inc. (formerly Laporte Inc.) (the “Company”) adopted the Supplementary
Savings Plan of Rockwood Specialties Inc. (formerly the Supplementary Savings
Plan of Laporte Inc.) (the “Plan”), effective July 1, 1990, in order to
provide supplemental retirement benefits to certain of its management and
highly compensated employees whose benefits under the Profit-Sharing/401(k) Plan
of Rockwood Specialties Inc. (formerly the Profit-Sharing/401(k) Plan of
Laporte Inc.) (the “Profit Sharing/401(k) Plan”) and/or the Rockwood
Specialties Inc. Money Purchase Pension Plan (formerly the Laporte Inc. Money
Purchase Pension Plan) (the “Money Purchase Pension Plan”) are restricted
as  a result of the limitations imposed
by Sections 401(a)(17), 401(k)(3), 401(m)(2), 402(g)(1) and 415 of the
Code, or who are otherwise ineligible to participate in the Profit Sharing Plan
or the Money Purchase Pension Plan.  The
Plan was subsequently amended and restated in its entirety effective December 15,
1993, January 1, 1996 and December 30, 1997.  The Plan is hereby further amended and
restated in its entirety effective as of the “Effective Date” (as defined
herein).  The benefits, if any, of an
Eligible Employee who terminated employment prior to the Effective Date shall
be determined in accordance with the provisions of the Plan as in effect as of
such termination date.

 

ARTICLE II

 

Definitions

 

Where
the following terms appear in this Plan, they shall have the respective
meanings set forth in the ARTICLE II, unless the context clearly indicates to
the contrary:

 

2.1          “Account” means the Salary Deferral Account
and Matching Account maintained by the Committee to reflect the accrued benefit
of a Participant under the Plan.

 

2.2          “Affiliate” means
any entity that is a member of a controlled group of corporations of a group of
trades or businesses under common control (as such terms are defined in Section 414(b) and
(c) of the Code), of which the Company is a member.

 

2.3          “Beneficiary”
means the person or persons entitled to receive benefits under the Plan after
the death of a Participant pursuant to Section 7.1 hereof.

 

2.4          “Board”
means the Board of Directors of the Company.

 

2.5          “Code”
means the Internal Revenue Code of 1986, as amended from time to time, and any
regulations issued thereunder.

 

2.6          “Committee”
means the committee appointed by the Board to administer the Plan.

 

 

2.7          “Company”
means Rockwood Specialties Inc. (formerly Laporte Inc.), a Delaware
corporation, and its successors.

 

2.8          “Compensation”
means the amount of compensation that (i) would be available for elective
deferral under the Profit Sharing Plan if the limitations of Sections
401(a)(17) and 402(g) of the Code were not imposed or (ii) would be
eligible for determining contributions under the Money Purchase Pension Plan if
the limitations of Section 401(a)(17) were not imposed, as applicable.

 

2.9          “Effective Date”
means January 1, 2009.

 

2.10        “Eligible Employee”
means a management or highly compensated employee of an Employer (i) who
is eligible to participate in the Profit Sharing Plan and/or the Money Purchase
Pension Plan, but whose contributions are limited by the Statutory Limitations,
or who is a Seconded Employee, and (ii) who is selected by the Committee
to participate in the Plan.

 

2.11        “Employer”
means the Company and each Affiliate that is a participating employer under the
Profit Sharing Plan and/or the Money Purchase Pension Plan and that has
elected, with the consent of the Company, to be a participating employer under
this Plan.

 

2.12        “Grandfathered Portion”
of a Participant’s Account means the amounts that were credited to a
Participant’s Account as of December 31, 2004, to the extent vested as of
that date, plus earnings credited with respect to such amounts under Section 4.4
less withdrawals of such amounts under Article V.  The Company shall separately account for the
Grandfathered Portion of a Participant’s Account.

 

2.13        “Matching Account”
means the portion of a Participant’s Account derived from Matching Credits.

 

2.14        “Matching Credits”
means the amount credited to a Participant’s Account pursuant to Section 4.3.

 

2.15        “Non-Grandfathered Portion”
of a Participant’s Account means the entire amount of the Participant’s Account
other than the Grandfathered Portion of the Account.

 

2.16        “Participant”
means an Eligible Employee who has enrolled in the Plan in accordance with Section 3.2.

 

2.17        “Plan”
means the Supplementary Savings Plan of Rockwood Specialties, Inc., as set
forth herein and as amended and restated from time to time.

 

2.18        “Plan Year”
means the calendar year.

 

2.19        “Profit Sharing/401(k) Plan”
means the Profit-Sharing/401(k) Plan for Employees of Rockwood Specialties, Inc.

 

2.20        “401(k) Matching Contribution”
means the matching contributions made by an Employer on behalf of a Participant
under the Profit Sharing/401(k) Plan.

 

3

 

2.21        “401(k) Salary Deferral
Contributions” means the pre-tax, salary deferral
contributions made by the Employer to the Profit Sharing/401(k) Plan on
behalf of a Participant pursuant to the Participant’s election.

 

2.22        “Profit Sharing Annual Contribution”
means the discretionary annual contribution (0% to 4% of compensation) made by
the Employer on behalf of the Participant to the Profit Sharing/401(k) Plan
based upon the Participant’s participating Company’s profitability for that
fiscal year.

 

2.23        “Money Purchase Annual Contribution”
means the non-discretionary annual contribution of 3% of compensation made by
the Employer on behalf of the Participant to the Money Purchase Pension Plan.

 

2.24        “Salary Deferral Account” means
the portion of a Participant’s Account derived from Salary Deferral Credits.

 

2.25        “Salary Deferral Agreement”
means an agreement entered into between an Eligible Employee and an Employer
whereby the Eligible Employee agrees to become a Participant in the Plan and to
defer a portion of his or her Compensation under this Plan pursuant to the
provisions of Section 3.3.

 

2.26        “Salary Deferral Credits”
means the amount credited to a Participant’s Account pursuant to Section 4.2.

 

2.27        “Seconded Employees”
means those employees of the Employer who are only eligible to make salary
deferrals under the Profit Sharing Plan and/or the Money Purchase Pension Plan
because they participate in a non-United States pension plan sponsored by the
Employer.

 

2.28        “Section 409A”
means Section 409A of the Code.

 

2.29        “Separation from Service”
means a Participant’s separation from service with the Company and its
Affiliates within the meaning of Section 409A, applying the “at least 50
percent” test for this purpose.

 

2.30        “Statutory Limitations”
means the limitations imposed by Sections 401(a)(17), 401(k)(3), 401(m)(2),
402(g)(1) and 415 of the Code on the amount that may be contributed to the
Profit Sharing Plan and/or the Money Purchase Pension Plan on behalf of an
Eligible Employee.

 

2.31        “Termination”
means the termination of a Participant’s employment with his or her Employer
for any reason.

 

2.32        “Unforeseeable Emergency”
means a severe financial hardship to the Participant resulting from a sudden
and unexpected illness or accident of the Participant or of a dependent (as
defined in Section 152(a) of the Code) of the Participant, loss of
the Participant’s property due to casualty, or similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the control of
the Participant.  The circumstances that
will constitute an

 

4

 

Unforeseeable Emergency shall be determined
by the Committee depending upon the facts of each case.  Notwithstanding the foregoing, with respect
to the Non-Grandfathered Portion of a Participant’s Account, no event shall be
an Unforeseeable Emergency unless it qualifies as an “unenforceable emergency”
for purposes of Section 409A of the Code.

 

ARTICLE III

 

Participation

 

3.1          Eligibility to Participate.  The Committee, in its sole discretion, shall
select management or highly compensated employees of the Employer, including
Seconded Employees, as eligible to participate in the Plan.  The Committee shall notify such Eligible
Employees of their eligibility as soon as practicable after the Committee has
made its selection.  The Committee may
revoke a Participant’s eligibility prospectively; however, such revocation may
not adversely affect such Participant’s rights hereunder with respect to
amounts previously credited to his or her Account.

 

3.2          Enrollment.  Each Eligible Employee may become a
Participant in the Plan by filing with his or her Employer a fully completed
and executed Salary Deferral Agreement on which the Eligible Employee elects to
participate in the Plan and to defer a portion of his or her Compensation.  A Salary Deferral Agreement must be filed
with the Employer prior to the first day for the Plan Year to which it
relates.  If an Eligible Employee first
becomes an Eligible Employee after the first day of the Plan Year (and has not
previously become eligible to participate in another nonqualified account
balance deferred compensation plan maintained by the Company or any of its
Affiliates), his or her Salary Deferral Agreement must be filed with the Employer
within thirty (30) days after the date on which he or she first becomes an
Eligible  Employee in order to
participate in the Plan for such Plan Year; however, such Salary Deferral
Agreement shall only apple to Compensation earned after the date the Salary
Deferral Agreement has been filed with the Employer.  For Compensation that is earned based on a
specified performance period, such as an annual bonus, the Participant may not
defer more than an amount equal to the total amount of such Compensation paid
for the performance period multiplied by the ratio of the number of days
remaining in the performance period after the Salary Deferral Agreement is
filed over the total number of days in the performance period.

 

A
Salary Deferral Agreement shall be irrevocable and shall remain in full force
and effect for subsequent Plan Years unless modified or terminated by the
filing with the Employer of a new Salary Deferral Agreement.  A new Salary Deferral Agreement shall apply
only to Compensation earned by the Participant after the end of the Plan Year
in which it is filed with the Employer. 
Deferrals under this Plan may be cancelled because of an Unforeseeable
Emergency in accordance with the hardship rules set forth in Section 5.4.  If a Participant receives a distribution on
account of hardship from the Profit Sharing Plan and/or the Money Purchase
Pension Plan under circumstances requiring that deferrals under this Plan be
terminated, deferrals under this Plan shall be cancelled as may be required in
connection with such distribution.

 

3.3          Deferral of Compensation.  For each Plan Year a Participant shall have
the right to elect on his or her Salary Deferral Agreement the percentage of
the Participant’s

 

5

 

Compensation to defer for such Plan Year, and
to make the designations provided for in Section 5.1, in the manner
permitted by the Company.

 

A
Participant shall be permitted to defer Compensation under this Section 3.3
for a Plan Year only if he or she has elected to contribute a percentage of his
or her Compensation to the Profit Sharing Plan as a Profit Sharing Plan Salary
Deferral Contribution for such Plan Year and/or is eligible to receive a
contribution under the Money Purchase Pension Plan, and such contribution
cannot be made in its entirety because of the Statutory Limitations, provided
that this restriction shall not apply to Seconded Employees or any other
Participant’s prohibited from making or receiving contributions to the Profit
Sharing Plan and/or the Money Purchase Pension Plan.

 

ARTICLE IV

 

Accounts

 

4.1          Maintenance of Accounts.  The Employer and the Committee shall maintain
on the Employer’s books and records an Account for each Participant (separately
segregated to reflect the Grandfathered Portion and Non-Grandfathered Portion
of such Account) that shall be credited with any credits and earnings pursuant
to this Article IV and charged with payments and forfeitures pursuant to Article V.  Each Participant’s Account shall consist of a
Salary Deferral Agreement and a Matching Account.  The amount available for payments shall be
limited to the portion of the Account that is vested.  The Employer or the Committee may from time
to time assess reasonable service charges against all or any portion of the
Accounts to defray costs associated with the implementation and administration
of the Plan.  Payments under the Plan
shall be charged against Accounts on the date on which the payments are made
and forfeitures shall be charged on the date of Termination.

 

4.2          Salary Deferral Credits.  As of the Effective Date, the Salary Deferral
Account of each Participant shall be equal to the balance of the Participant’s
Salary Deferral Account immediately prior to the Effective Date.  Thereafter, the Salary Deferral Account of
each Participant shall be credited at the end of each calendar quarter with
Salary Deferral Credits equal to the amount of Compensation deferred by the
Participant with respect to the payroll periods during such quarter pursuant to
Section 3.3.

 

4.3          Matching Credits.  As of the Effective Date, the Matching
Account of each Participant shall be equal to the balance of the Participant’s
Matching Account immediately prior to the Effective Date.  Thereafter, the Matching Account of each
Participant, other than a Participant who is a Seconded Employee, shall be
credited at the end of each calendar quarter during a Plan Year with a Matching
Credit in an amount equal to:

 

(A)          the amount of 401(k) Matching
Contributions that would have been made by the Employer on behalf of the
Participant for the calendar quarter if (i) the Profit Sharing/401(k) Plan
Salary Deferral Contributions and 401(k) Matching Contributions had not
been restricted by the Statutory Limitations, and (ii) the Participant had
elected to contribute as Profit Sharing/401(k) Plan Deferral Contributions
the maximum permissible

 

6

 

amount (taking
into account the Statutory Limitations) plus the amount of Salary Deferral
Credits Actually elected under this Plan, minus

 

(B)           the maximum 401(k) Matching
Contributions that would have been made by the Employer on behalf of the
Participant for such calendar quarter had the Participant made the maximum
permissible Profit Sharing/401(k) Plan Salary Deferral Contributions.

 

In
addition to the matching contributions, the Employer shall make additional
credits to the Participant’s Matching Account based on the Profit Sharing
Annual Contribution and the Money Purchase Annual Contribution with respect to
Compensation above the Statutory Limitations.

 

4.4          Interest Credits.  As of the last day of each calendar quarter,
each Participant’s Account shall be credited with an interest credit equal to (i) the
Account balance on such date, multiplied by (ii) one-fourth of the prime
rate being charged by JP Morgan Chase on the first day of the calendar quarter,
as published in the Wall Street Journal.

 

4.5          Vesting.  A Participant shall at all times be fully
vested in his or her Salary Deferral and Matching Accounts.

 

4.6          Quarterly Statements.  Statements indicating the total amount
credited to a Participant’s Account as of the last day of each calendar quarter
shall be furnished by the Committee to the Participant not more than ninety
(90) days after the end of each calendar quarter and at such other time or
times as the Committee may determine.

 

ARTICLE V

 

Payments

 

5.1          Methods of Payment.  A Participant shall designate in his or her
Salary Deferral Agreement whether his or her Account balance shall be
distributed in a single, lump sum payment or in approximately equal quarterly
installments for a period of three (3) years, five (5) years, ten (10) years,
fifteen (15) years, or twenty (20) years, (with the amount of each quarterly
installment to be determined by dividing the value of the Participant’s Account
on the applicable payment date by the number of remaining installments).  Payment of the lump sum or first quarterly
installment shall be made on the date specified in Section 5.2.  With respect to the Grandfathered Portion of
a Participant’s Account, the Participant and the Employer may agree to change
the method of payment of his or her Account balance, if an additional service
agreement (“Additional Service Agreement”) is entered into by the Employer and
the Participant and such Additional Service Agreement is a bona fide written
agreement with the Employer which requires the Participant to provide
substantial services to the Employer for a reasonable period of time before
benefit payments commence.  With respect
to the Non-Grandfathered Portion of a Participant’s Account, the Participant
and the Employer may agree to change the method of payment of his or her
Account balance, provided that: (i) such agreement is made at least one
year prior to the date on which such Account balance is scheduled to be paid,
or in the case of installment payments, one year prior to the date on which the
affected installment is scheduled to

 

7

 

be paid, (ii) the redesignated payment
date for the Account balance or installment payment, as the case may be, is no
less than five years after the date on which such Account balance or
installment payment would otherwise be paid, and (iii) the change in
method of payment may not take effect until 12 months following the date of the
agreement making such change.

 

5.2          Commencement of Benefits.  With respect to the Grandfathered Portion of
a Participant’s Account, payment of such portion of the Participant’s Account
shall be made or shall commence on the last day of the month in which the
Participant’s employment terminates with the Company (whether because of
retirement or any other reason).  With
respect to the Non-Grandfathered Portion of a Participant’s Account, payment of
such portion shall be made or shall commence on the last day of the month in
which the Participant has a Separation from Service.

 

5.3          Death Benefits.  Upon the death of a Participant prior to the
distribution of the entire balance of his or her Account, payment of the
remaining balance in the Participant’s Account shall commence as to the
Participant’s Beneficiary within ninety (90) days of the date of death in the
form designated by the Participant; provided, however, that if the Participant
elected quarterly installments and the Committee has determined that an
Unforeseeable Emergency has occurred, the Committee may approve a Beneficiary’s
request for a single, lump sum payment.

 

5.4          Hardship.  A Participant’s Account shall be distributed
according to Sections 5.1 and 5.2, except that a Participant may apply for and
receive a distribution of all or a portion of the vested balance in his or her
Account prior to the date the Account is otherwise payable if the Committee
determines that an Unforeseeable Emergency has occurred.  Payment may not be made to the extent that
the need caused by the Unforeseeable Emergency is or may be relieved through
reimbursement by insurance or otherwise, by reasonable liquidation of the
Participant’s assets, to the extent the liquidation of such assets would not
itself cause severe financial hardship, or by cessation of deferrals under this
Plan or the Profit Sharing Plan and/or the Money Purchase Pension Plan.  Amounts shall only be distributed because of
an Unforeseeable Emergency to the extent reasonable necessary to address the
Unforeseeable Emergency.  Any payment
under this Section 5.4 will be made within ninety (90) days of the date of
the Committee’s determination.

 

5.5          Tax Increases.  Notwithstanding the provisions of Section 5.1,
in the event the Grandfathered Portion of a Participant’s Accounts is being
paid in installment payments, and during said payout period Federal personal
income tax rates for the highest marginal tax rate are scheduled to increase by
fifteen (15) or more percentage points, any remaining installment payments from
the Grandfathered Portion of such Accounts shall be paid in a lump sum at a
date determined by the Committee which precedes the effective date of such tax
rate increase.

 

5.6          Tax Withholding.  The Company shall withhold from payments due
under the Plan any and all taxes of any nature required by any government to be
withheld.

 

5.7          Restriction on Commencement of
Distributions under Section 409A.  Notwithstanding anything to the contrary in
this Article V, if a Participant is a “specified employee” as defined
below and determined by the Committee in accordance with Section 409A and
if any amounts (other than the Grandfathered Portion of a Participant’s
Accounts) are

 

8

 

payable under this Plan on account of the
Participant’s Separation from Service, then any amounts that would otherwise be
paid to the Participant under this Article V within six months of such
Separation from Service (other than amounts payable from the Grandfathered
Portion of the Participant’s Accounts) shall automatically be deferred and paid
in a lump sum on the six month anniversary of such Separation from Service (or
upon the Participant’s death, if sooner). 
A “specified employee” means a Participant who is a “key employee” as
defined for purposes of Code Section 416(i)(1)(A)(i), (ii), or (iii) (applied
in accordance with the regulations thereunder and disregarding Section 416
(i)(5)), of the Company or its affiliates.   
If a person is a specified employee as of December 31 of the
preceding Plan Year, he or she is treated as a specified employee for the
12-month period beginning on April 1 of the Plan Year.  For purposes of this Section 1.30, the
term “compensation” will be defined in accordance with Regulation Section 1.415(c)-2(a),
and the Company hereby elects to apply the rule of Regulation Section 1.415(c)-2(g)(5)(ii) to
not treat as compensation certain compensation excludible from the employee’s
gross income on account of the location of the services or the identity of the
employer that is not effectively connected with the trade or business within
the United States.  Whether an individual
is a specified employee will be determined in accordance with the requirements
of Code Section 409A and the final regulations issued thereunder.

 

5.8          Treatment of Installments under Section 409A.  A series of installment payments under this Article V
shall be treated as a single payment for purposes of Section 409A.

 

ARTICLE VI

 

Determination of Benefits, Claims Procedure
and Administration

 

6.1          Determination.  The Company may assign all or some of its
duties hereunder to an officer or other employee of the Company.  The Committee shall make all determinations
as to rights to benefits under this Plan. 
Subject to and in compliance with the specific procedures contained in
the applicable regulations promulgated under the Employee Retirement Income
Security Act of 1974, as amended: (i) any decision by the Committee
denying a claim for benefits under this Plan by the Participant or any other
claimant shall be stated in writing by the Committee and delivered or mailed to
the claimant; (ii) each such notice shall set forth the specific reasons
for the denial, written to the best of the Committee’s ability in a manner that
may be understood without legal or actuarial counsel; and (iii) the
Committee shall afford a reasonable opportunity to the claimant whose claim for
benefits has been denied for a review of the decision denying such claim.

 

6.2          Interpretation.  Subject to the foregoing: (i) the
Committee shall have full power and authority to interpret, construe and
administer this Plan; and (ii) the interpretation and construction of this
Plan by the Committee, and any action taken hereunder, shall be binding and
conclusive upon all parties in interest.

 

6.3          Reports.  The Company shall provide the Participant
with a statement reflecting the amount of the Participant’s Account on a
quarterly basis.

 

6.4          No Liability.  No employee, agent, officer or director of
the Company shall, in any event, be liable to any person for any action taken
or omitted to be taken in connection with

 

9

 

the interpretation, construction or
administration of this Plan, so long as such action or omission to act be made
in good faith.

 

ARTICLE VII

 

General Provisions

 

7.1          Designation of Beneficiary.  A Participant may designate one or more
Beneficiaries to receive any payments due under the Plan upon the Participant’s
death.  All Beneficiary designations must
be on forms provided by the Committee and will be effective on the date filed
with the Committee.  A Participant may
change a Beneficiary designation at any time, without the consent of any prior
Beneficiary, by filing with the Committee a new Beneficiary designation
form.  No Beneficiary designation form
shall be effective unless received by the Committee prior to the Participant’s
death.  If a Participant dies without
having filed a proper Beneficiary designation form with the Committee, or to
the extent no designated Beneficiary is living, any amounts payable under the
Plan upon the Participant’s death shall be paid to his or her beneficiaries as
determined under the provisions of the Profit Sharing Plan.

 

7.2          Amendment and Termination.  The
Company may, at any time and from time to time, amend, in whole or in part, or
terminate the Plan without the consent of any Participant or Beneficiary;
provided, however, that no amendment or termination of the Plan shall reduce
the amount then credited to any Participant’s Account.  If the Plan is terminated, the Employer shall
continue to be responsible for making payments attributable to existing
Accounts; however, the Committee, in its discretion, may direct that all
Account balances be distributed, in which case the Grandfathered Portion of
Participants’ Accounts shall be distributed upon such termination in the form
of a single, lump sum distribution, and the Non-Grandfathered Portion of
Participants’ Accounts shall be distributed at the time and to the extent permitted
under Section 409A.

 

7.3          No Contract of Employment.  The establishment of the Plan, the creation
of the Accounts, and/or the making of any payments under the Plan, shall not
give any employee the right to remain in the service of any Employer, and all
Participants and other employees shall remain subject to discharge to the same
extent as if the Plan had never been adopted.

 

7.4          Nonalienation of Benefits.  None of the interests, benefits or rights of
any Participant or Beneficiary hereunder shall be subject to any claim of any
creditor of such Participant or Beneficiary and, to the fullest extent
permitted by law, all such interests, benefits and rights shall be free from
attachment, garnishment or any other legal or equitable process available to any
creditor of such Participant and Beneficiary. 
No Participant or Beneficiary shall have the right to alienate,
anticipate, pledge, encumber, sell, transfer or otherwise assign any of the
benefits or payments that the Participant or Beneficiary may expect to receive
under the Plan, and any attempt to do so shall be void.

 

7.5          Corporate Successors.  The Plan shall not be automatically
terminated by a transfer or sale of the assets of the Company or by the merger
or consolidation of the Company into or with any other corporation or other
entity, but the Plan shall be continued after such sale, merger or
consolidation only if and to the extent that the transferee, purchaser or
successor entity agrees to continue the Plan. 
In the event that the Plan is not continued by the transferee,

 

10

 

purchaser or successor entity,
then the Plan shall terminate in accordance with the provisions of Section 7.2.

 

7.6          Unfunded Plan.  The Plan shall at all times be entirely
unfunded and, except as provided in the following paragraph, no provision shall
at any time be made with respect to segregating any assets of the Company or
any other Employer for payment of any benefits due hereunder.  The right of a Participant or Beneficiary to
receive a distribution hereunder shall be an unsecured claim against the
general assets of the Employers, and neither the Participant nor any
Beneficiary shall have any rights in or against any specific assets of the
Employers.

 

The
preceding paragraph to the contrary notwithstanding, the Company may establish
a trust to which the Employers may transfer funds for the payment of benefits
under the Plan.  The terms of such trust
must require that its assets be used to satisfy the claims of the Employer’s unsecured
creditors in the event of the Employer’s bankruptcy or insolvency, and the
trust must contain such terms and conditions as shall prevent taxation to
Participants and Beneficiaries of any amounts held in the trust or credited to
an Account prior to the time payments are made. 
No Participant or Beneficiary shall have any ownership rights in or to
the assets of any trust established pursuant to this paragraph.

 

7.7          Governing Law.  This Plan shall be governed by and construed
in accordance with the laws of the State of Delaware, except to the extent
preempted by federal law.

 

7.8          Payments to Incompetents or Minors.  If a Participant or Beneficiary entitled to
receive benefits hereunder is deemed by the Committee or is adjudged to be
legally incapable of caring for his or her affairs, such benefits shall be paid
to the duly appointed and acting guardian, if any, and if no such guardian is
appointed and acting, to such person or persons as the Committee may
designate.  Any such payment shall, to
the extent made, be deemed a completer discharge of the obligation of the Plan
or the Committee to make such payment.

 

7.9          Partial Invalidity.  If any term or provision hereof or the
application thereof to any person or circumstance, is held to be invalid or
unenforceable by a court of competent jurisdiction, the remainder of the Plan,
or the application of such term or provision to persons or circumstances other
than those as to which it is held invalid or unenforceable, shall both be
unaffected and each term or provision hereof shall be valid and enforceable to
the fullest extent permitted by law.

 

EXECUTED
AND DATED as of this
        day of December, 2008.

 

	
   

  	
  ROCKWOOD SPECIALTIES INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  
	
   

  	
   

  
	
   

  	
  Print Name:

  	
   

  
	
   

  	
   

  
	
   

  	
  Print Title:

  	
   

  
					

 

11Exhibit 10.53

 

2008
AMENDED AND RESTATED

STOCK
PURCHASE AND OPTION PLAN

FOR
ROCKWOOD HOLDINGS, INC. AND SUBSIDIARIES

 

1.                                       Purpose of Plan

 

This 2008 Amended and Restated Stock Purchase
and Option Plan for Rockwood Holdings, Inc. and Subsidiaries (formerly the
Amended and Restated 2005 Stock Purchase and Option Plan for Rockwood Holdings, Inc.,
which was formerly the Amended and Restated 2003 Stock Purchase and Option Plan
for Rockwood Holdings, Inc., which was formerly the 2000 Stock Purchase
and Option Plan for K-L Holdings, Inc. and Subsidiaries) (the “Plan”) is
designed:

 

(a)                                  to promote the long term
financial interests and growth of Rockwood Holdings, Inc. (the “Company”),
its Subsidiaries and any other Service Recipients by attracting and retaining
management personnel with the training, experience and ability to enable them
to make a substantial contribution to the success of the Company’s business;

 

(b)                                 to motivate management personnel
by means of growth-related incentives to achieve long range goals; and

 

(c)                                  to further the identity of
interests of participants with those of the shareholders of the Company through
opportunities for increased stock, or stock-based, ownership in the Company.

 

2.                                       Definitions

 

As used in the Plan, the following words
shall have the following meanings:

 

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

 

(b)                                 “Code” shall mean the Internal
Revenue Code of 1986, as amended, or any successor thereto.

 

(c)                                  “Committee” means the
Compensation Committee of the Board of Directors (or, if no such committee is
appointed, the Board of Directors).

 

(d)                                 “Common Stock” or “Share” means
common stock of the Company which may be authorized but unissued, or issued and
reacquired.

 

(e)                                  “Director” means any member of
the Board of Directors.

 

(f)                                    “Disability” shall mean
Disability as defined under Section 409A of the Code.

 

(g)                                 “Employee” means a person,
including an officer, in the regular full-time employment of the Company, one
of its Subsidiaries or any other Service Recipient.

 

(h)                                 “Exchange Act” means the
Securities Exchange Act of 1934, as amended.

 

 

(i)                                     “Grant” means an award made to a
Participant pursuant to the Plan and described in Section 5, including,
without limitation, an award of a Stock Option, Restricted Stock, Purchase
Stock, or Other Stock Based Grant or any combination of the foregoing.

 

(j)                                     “Grant Agreement” means an
agreement between the Company and a Participant that sets forth the terms,
conditions and limitations applicable to a Grant.

 

(k)                                  “Participant” means an Employee,
Director, consultant or other person having a relationship with the Company,
one of its Subsidiaries or any other “Service Recipient” (within the meaning of
Section 409A of the Code), to whom one or more Grants have been made and
such Grants have not all been forfeited or terminated under the Plan.

 

(l)                                     “Stock-Based Grants” means the
collective reference to the grant of Purchase Stock, Restricted Stock and Other
Stock Based Grants described in Section 5.

 

(m)                               “Stock Options” means options to
purchase Common Stock, which may or may not be incentive stock options (“Incentive
Stock Options”) within the meaning of Section 422 of the Code.

 

(n)                                 “Subsidiary” means any entity
other than the Company in an unbroken chain of entities beginning with the
Company if each of the entities other than the last entity in the unbroken
chain owns 50% or more of the voting stock or other voting interests in one of
the other entities in such chain.

 

3.                                       Administration of Plan

 

(a)                                  The Plan shall be administered by
the Committee.  All of the members of the
Committee and any other Directors shall be eligible to be selected for Grants
under the Plan; provided, however,
that the members of the Committee shall qualify to administer the Plan for
purposes of Rule 16b-3 (and any other applicable rule) promulgated under Section 16(b) of
the Exchange Act to the extent that the Company is subject to such rule.  The Committee may adopt its own rules of
procedure, and the action of a majority of the Committee, taken at a meeting or
taken without a meeting by a writing signed by such majority, shall constitute
action by the Committee.  The Committee
shall have the power and authority to administer, construe and interpret the
Plan, to make rules for carrying it out and to make changes in such
rules.  Any such interpretations, rules,
and administration shall be consistent with the basic purposes of the Plan.

 

(b)                                 The Committee may delegate to
the Chief Executive Officer and to other senior officers of the Company its
duties under the Plan subject to such conditions and limitations as the
Committee shall prescribe except that only the Committee may designate and make
Grants to Participants who are subject to Section 16 of the Exchange Act.

 

(c)                                  The Committee may employ
attorneys, consultants, accountants, appraisers, brokers or other persons.  The Committee, the Company, and the officers
and Directors of the Company shall be entitled to rely upon the advice,
opinions or valuations of any such persons. 
All actions taken and all interpretations and determinations made by the
Committee in good faith shall be final and binding upon all Participants, the
Company and all other interested persons. 
No member of the Committee shall be personally liable for any action, 

 

2

 

determination or interpretation made in good faith with respect to the
Plan or the Grants, and all members of the Committee shall be fully protected
by the Company with respect to any such action, determination or interpretation.

 

4.                                       Eligibility

 

The Committee may from time to time make
Grants under the Plan to such Employees, Directors or other persons having a
relationship with the Company, any of its Subsidiaries or any other Service
Recipient, and in such form and having such terms, conditions and limitations
as the Committee may determine.  Grants
may be granted singly, in combination or in tandem.  The terms, conditions and limitations of each
Grant under the Plan shall be set forth in a Grant Agreement, in a form approved
by the Committee, consistent, however, with the terms of the Plan.

 

5.                                       Grants

 

From time to time, the Committee will
determine the forms and amounts of Grants for Participants.  Such Grants may take the following forms in
the Committee’s sole discretion:

 

(a)                                  Stock Options - These are options to purchase
Common Stock, which may or may not be Incentive Stock Options and shall have an
exercise price at least equal to the fair market value of one share of Common
Stock on the date of Grant (or, if the person to whom an Incentive Stock Option
is being granted owns Common Stock representing more than 10 percent of the
voting power of all classes of Company equity, the exercise price shall be at
least equal to 110 percent of the fair market value of one share of Common
Stock on the date of Grant). At the time of the Grant the Committee shall
determine, and shall have contained in the Grant Agreement or other Plan rules,
the option exercise period, the option price, and such other conditions or
restrictions on the grant or exercise of the option as the Committee deems
appropriate, which may include the requirement that the grant of options is
predicated on the acquisition of Purchase Shares under Section 5(c) by
the Participant or as may be required pursuant to applicable law, if such
options shall be Incentive Stock Options. 
Payment of the option exercise price shall be made in cash or in shares
of Common Stock (provided,
that such Shares have been held by the Participant for not less than six months
(or such other period as established by the Committee from time to time)), or a
combination thereof, in accordance with the terms of the Plan, the Grant
Agreement and any applicable guidelines of the Committee in effect at the time.

 

(b)                                 Restricted Stock - Restricted Stock is Common
Stock delivered to a Participant with or without payment of consideration with
restrictions or conditions on the Participant’s right to transfer or sell such
stock.  The number of shares of
Restricted Stock and the restrictions or conditions on such shares shall be as
the Committee determines, in the Grant Agreement or by other Plan rules, and
the certificate for the Restricted Stock shall bear evidence of such
restrictions or conditions.

 

(c)                                  Purchase Stock - Purchase Stock refers to
shares of Common Stock offered to a Participant at such price as determined by
the Committee, the acquisition of which may make him eligible to receive under
the Plan, among other things, Stock Options.

 

3

 

(d)                                 Other Stock-Based Grants - The Committee may make other
Grants under the Plan pursuant to which shares of Common Stock or other equity
securities of the Company are or may in the future be acquired, or Grants
denominated in stock units, including ones valued using measures other than
market value of the Common Stock.  Other
Stock-Based Grants may be granted with or without consideration.

 

6.                                       Limitations and Conditions

 

(a)                                  Subject to Section 8
hereof, the number of Shares available for Grants under this Plan shall be
10,000,000 shares of the authorized Common Stock as of the effective date of
the Plan.  The number of Shares subject
to Grants made under this Plan to any one Participant in any one calendar year
shall not be more than $20 million worth of the Shares.  Unless restricted by applicable law, Shares
related to Grants that are forfeited, terminated, cancelled or expire
unexercised, shall immediately become available for new Grants.

 

(b)                                 No Grants shall be made under
the Plan beyond ten years after the effective date of the Plan, but the terms
of Grants made on or before the expiration of the Plan may extend beyond such
expiration.  At the time a Grant is made
or amended or the terms or conditions of a Grant are changed, the Committee may
provide for limitations or conditions on such Grant.

 

(c)                                  Nothing contained herein shall
affect the right of the Company to terminate any Participant’s employment at
any time or for any reason.

 

(d)                                 Deferrals of Grant payouts may
be provided for, at the sole discretion of the Committee, in the Grant
Agreements, but only to the extent such deferral satisfies the requirements of Section 409A
of the Code.

 

(e)                                  Except as otherwise prescribed
by the Committee, the amounts of the Grants for any employee of a Subsidiary or
any other Service Recipient, along with interest, dividend, and other expenses
accrued on deferred Grants shall be charged to the Participant’s employer
during the period for which the Grant is made. 
If the Participant is employed by more than one Subsidiary or by both
the Company and a Subsidiary (or any other Service Recipient) during the period
for which the Grant is made, the Participant’s Grant and related expenses will
be allocated between the companies employing the Participant in a manner
prescribed by the Committee.

 

(f)                                    Other than as specifically
provided pursuant to a Grant Agreement or other related agreement between a
Participant and the Company, no benefit under the Plan shall be subject in any
manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance, or charge, and any attempt to do so shall be void.  No such benefit shall, prior to receipt
thereof by the Participant, be in any manner liable for or subject to the
debts, contracts, liabilities, engagements, or torts of the Participant.

 

(g)                                 Participants shall not be, and
shall not have any of the rights or privileges of, shareholders of the Company
in respect of any Shares purchasable in connection with any Grant unless and
until certificates representing any such Shares have been issued by the Company
to (or book entry representing such Shares has been made and such Shares have
been 

 

4

 

deposited with the appropriate registered book — entry custodian for
the benefit of) such Participants.

 

(h)                                 No election as to benefits or
exercise of Stock Options or other rights may be made during a Participant’s
lifetime by anyone other than the Participant except by a legal representative
appointed for or by the Participant.

 

(i)                                     Absent express provisions to the
contrary, any grant under this Plan shall not be deemed compensation for
purposes of computing benefits or contributions under any retirement plan of
the Company, its Subsidiaries or any other Service Recipient and shall not
affect any benefits under any other benefit plan of any kind now or
subsequently in effect under which the availability or amount of benefits is
related to level of compensation.  This
Plan is not a “Retirement Plan” or “Welfare Plan” under the Employee Retirement
Income Security Act of 1974, as amended.

 

(j)                                     Unless the Committee determines
otherwise, no benefit or promise under the Plan shall be secured by any
specific assets of the Company, any of its Subsidiaries or any other Service
Recipient, nor shall any assets of the Company, any of its Subsidiaries or any
other Service Recipient be designated as attributable or allocated to the
satisfaction of the Company’s obligations under the Plan.

 

7.                                       Transfers and Leaves of Absence

 

For purposes of the Plan, unless the Committee
determines otherwise:  (a) a
transfer of a Participant’s employment without an intervening period of
separation among the Company, any Subsidiary or any other Service Recipient
shall not be deemed a termination of employment, and (b) a Participant who
is granted in writing a leave of absence shall be deemed to have remained in
the employ of the Company during such leave of absence.

 

8.                                       Adjustments

 

In the event of any change in the outstanding
Common Stock by reason of a stock split, spin-off, stock dividend, stock
combination or reclassification, recapitalization or merger, change of control,
or similar event, the Committee shall adjust appropriately the number of Shares
subject to the Plan and available for or covered by Grants and Share prices related
to outstanding Grants to the extent necessary, and may make such other
revisions to outstanding Grants as it deems are equitably required including,
without limitation, in an event that is not a change of control, providing for
the payment of a dividend in respect of the Shares subject to any outstanding
Grants, in all events in order to allow Participants to participate in such
event in an equitable manner.

 

9.                                       Merger, Consolidation, Exchange,
Acquisition, Liquidation or Dissolution

 

In its absolute discretion, and on such terms
and conditions as it deems appropriate, coincident with or after the grant of
any Stock Option or any Stock-Based Grant, the Committee may provide that such
Stock Option or Stock-Based Grant cannot be exercised after the merger or
consolidation of the Company into another company, the exchange of all or
substantially all of the assets of the Company for the securities of another
company, the 

 

5

 

acquisition by
another company of 80% or more of the Company’s then outstanding shares of
voting stock or the recapitalization, reclassification, liquidation or
dissolution of the Company, and if the Committee so provides, it shall, on such
terms and conditions as it deems appropriate in its absolute discretion, also
provide, either by the terms of such Stock Option or Stock-Based Grant or by a
resolution adopted prior to the occurrence of such merger, consolidation,
exchange, acquisition, recapitalization, reclassification, liquidation or dissolution,
that, for some period of time prior to such event, such Stock Option or
Stock-Based Grant shall be exercisable as to all shares subject thereto,
notwithstanding anything to the contrary herein (but subject to the provisions
of Section 6(b) and that, upon the occurrence of such event, such
Stock Option or Stock-Based Grant shall terminate and be of no further force or
effect; provided, however, that the Committee may also provide, in its absolute
discretion, that even if the Stock Option or Stock-Based Grant shall remain
exercisable after any such event, from and after such event, any such Stock
Option or Stock-Based Grant shall be exercisable only for the kind and amount
of securities and/or other property, or the cash equivalent thereof, receivable
as a result of such event by the holder of a number of shares of stock for
which such Stock Option or Stock-Based Grant could have been exercised
immediately prior to such event.

 

10.                                 Code Section 409A
Compliance

 

The Plan is intended to comply with Section 409A of the Code and
will be interpreted in a manner intended to comply with Section 409A of
the Code.  In furtherance thereof, no
Grants may be accelerated under the Plan, other than to the extent permitted
under Section 409A of the Code.  To
the extent that any provision of the Plan violates Section 409A of the
Code such that amounts would be taxable to a Participant prior to payment or
would otherwise subject a Participant to a penalty tax under Section 409A,
such provision shall be automatically reformed or stricken to preserve the
intent hereof.  Notwithstanding anything
herein to the contrary, (i) if at the time of a Participant’s termination
of employment the Participant is a “specified employee” as defined in Section 409A
of the Code (and any related regulations or other pronouncements thereunder)
and the deferral of the commencement of any payments or benefits otherwise
payable hereunder as a result of such termination of employment is necessary in
order to prevent any accelerated or additional tax under Section 409A of
the Code, then the Company shall defer the commencement of the payment of any
such payments or benefits hereunder (without any reduction in such payments or
benefits ultimately paid or provided to the Participant) until the date that is
six months following the Participant’s termination of employment (or the
earliest date as is permitted under Section 409A of the Code) and (ii) if
any other payments due to a Participant hereunder could cause the application
of an accelerated or additional tax under Section 409A of the Code, such
payments or other benefits shall be deferred if deferral will make such payment
compliant under Section 409A of the Code, or otherwise such payment shall
be restructured, to the extent possible, in a manner, determined by the
Committee, that does not cause such an accelerated or additional tax.  The Committee shall implement the provisions
of this section in good faith; provided that neither the Company, the Committee
nor any of the employees or representatives of the Company, its Subsidiaries or
any other Service Recipient shall have any liability to Participants with
respect to this Section 10.

 

11.                                 Amendment and Termination

 

The Committee shall have the authority to
make such amendments to any terms and conditions applicable to outstanding
Grants as are consistent with this Plan provided that, 

 

6

 

except for
adjustments under Section 8 or 9 hereof, (a) no such action shall
modify such Grant in a manner adverse to the Participant without the
Participant’s consent except as such modification is provided for or
contemplated in the terms of the Grant and (b) no such action may provide
for an increase in the number of Shares to be made available for issuance under
this Plan without obtaining approval by the Shareholders of such increase.  The Board of Directors may amend, suspend or
terminate the Plan.

 

12.                                 Foreign Options and Rights

 

The Committee may make Grants to Employees
who are subject to the laws of nations other than the United States, which
Grants may have terms and conditions that differ from the terms thereof as
provided elsewhere in the Plan for the purpose of complying with foreign laws.

 

13.                                 Withholding Taxes

 

The Company shall have the right to deduct
from any cash payment made under the Plan any federal, state or local income or
other taxes required by law to be withheld with respect to such payment.  It shall be a condition to the obligation of
the Company to deliver shares upon the exercise of an Option, upon delivery of
Restricted Stock or upon exercise, settlement or payment of any Other
Stock-Based Grant that the Participant pay to the Company such amount as may be
requested by the Company for the purpose of satisfying any liability for such
withholding taxes.  Any Grant Agreement
may provide that the Participant may elect, in accordance with any conditions
set forth in such Grant Agreement, to pay a portion or all of such minimum
withholding taxes in shares of Common Stock.

 

14.                                 Effective Date and Termination
Dates

 

The Plan shall be effective on and as of the
date of its original approval by the Board of Directors of the Company and
shall be approved by a majority of the shareholders of the Company, and shall
terminate ten years thereafter, subject to earlier termination by the Board of
Directors pursuant to Sections 9 and 10.

 

Effective Date
of adoption of Plan:  November 20,
2000

Effective Date
of amendment and restatement of Plan:  June 9,
2003

Effective Date
of amendment of Plan:  September 1,
2004

Effective Date
of second amendment of Plan:  July 18,
2005

Effective Date
of amendment and restatement of Plan:  July 29,
2005

Effective Date
of amendment and restatement of Plan:  November 5,
2008

 

7

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00154-of-00352.parquet"}]]