Document:

Exhibit
10.10

COVIDIEN
LTD.

CHANGE IN
CONTROL SEVERANCE PLAN FOR CERTAIN

U.S. OFFICERS AND EXECUTIVES

TABLE OF
CONTENTS

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
  BACKGROUND, PURPOSE AND TERM OF PLAN

  	
   

  	
  1

  
	
  Section 1.01

  	
  Purpose of the Plan

  	
   

  	
  1

  
	
  Section 1.02

  	
  Term of the Plan

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  DEFINITIONS

  	
   

  	
  2

  
	
  Section 2.01

  	
  “Annual Bonus”

  	
   

  	
  2

  
	
  Section 2.02

  	
  “Base Salary”

  	
   

  	
  2

  
	
  Section 2.03

  	
  “Board”

  	
   

  	
  2

  
	
  Section 2.04

  	
  “Cause”

  	
   

  	
  2

  
	
  Section 2.05

  	
  “Change in Control”

  	
   

  	
  2

  
	
  Section 2.06

  	
  “Change in Control Termination”

  	
   

  	
  3

  
	
  Section 2.07

  	
  “COBRA”

  	
   

  	
  3

  
	
  Section 2.08

  	
  “Code”

  	
   

  	
  3

  
	
  Section 2.09

  	
  “Committee”

  	
   

  	
  3

  
	
  Section 2.10

  	
  “Company”

  	
   

  	
  3

  
	
  Section 2.11

  	
  “Effective Date”

  	
   

  	
  3

  
	
  Section 2.12

  	
  “Eligible Employee”

  	
   

  	
  3

  
	
  Section 2.13

  	
  “Employee”

  	
   

  	
  4

  
	
  Section 2.14

  	
  “Employer”

  	
   

  	
  4

  
	
  Section 2.15

  	
  “ERISA”

  	
   

  	
  4

  
	
  Section 2.16

  	
  “Exchange Act”

  	
   

  	
  4

  
	
  Section 2.17

  	
  “Executive Severance Plan”

  	
   

  	
  4

  
	
  Section 2.18

  	
  “Good Reason Resignation”

  	
   

  	
  4

  
	
  Section 2.19

  	
  “Involuntary Termination”

  	
   

  	
  5

  
	
  Section 2.20

  	
  “Notice Pay”

  	
   

  	
  5

  
	
  Section 2.21

  	
  “Officer”

  	
   

  	
  5

  
	
  Section 2.22

  	
  “Participant”

  	
   

  	
  5

  
	
  Section 2.23

  	
  “Permanent Disability”

  	
   

  	
  5

  
	
  Section 2.24

  	
  “Plan”

  	
   

  	
  5

  
	
  Section 2.25

  	
  “Plan Administrator”

  	
   

  	
  5

  
	
  Section 2.26

  	
  “Release”

  	
   

  	
  5

  
						

 

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  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 2.27

  	
  “Separation”

  	
   

  	
  6

  
	
  Section 2.28

  	
  “Service”

  	
   

  	
  6

  
	
  Section 2.29

  	
  “Severance Benefit”

  	
   

  	
  6

  
	
  Section 2.30

  	
  “Severance Period”

  	
   

  	
  6

  
	
  Section 2.31

  	
  “Subsidiary”

  	
   

  	
  6

  
	
  Section 2.32

  	
  “Successor”

  	
   

  	
  6

  
	
  Section 2.33

  	
  “Termination Date”

  	
   

  	
  6

  
	
  Section 2.34

  	
  “Voluntary Resignation”

  	
   

  	
  6

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  PARTICIPATION AND ELIGIBILITY FOR BENEFITS

  	
   

  	
  7

  
	
  Section 3.01

  	
  Participation

  	
   

  	
  7

  
	
  Section 3.02

  	
  Conditions

  	
   

  	
  7

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  DETERMINATION OF SEVERANCE BENEFITS

  	
   

  	
  9

  
	
  Section 4.01

  	
  Amount of Severance Benefits Upon Involuntary
  Termination and Good Reason Resignation

  	
   

  	
  9

  
	
  Section 4.02

  	
  Voluntary Resignation; Termination for Death or
  Permanent Disability

  	
   

  	
  10

  
	
  Section 4.03

  	
  Termination for Cause

  	
   

  	
  11

  
	
  Section 4.04

  	
  Reduction of Severance Benefits

  	
   

  	
  11

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  METHOD, DURATION AND LIMITATION OF SEVERANCE BENEFIT
  PAYMENTS

  	
   

  	
  12

  
	
  Section 5.01

  	
  Method of Payment

  	
   

  	
  12

  
	
  Section 5.02

  	
  Other Arrangements

  	
   

  	
  12

  
	
  Section 5.03

  	
  Termination of Eligibility for Benefits

  	
   

  	
  12

  
	
  Section 5.04

  	
  Limitation on Benefits

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  CONFIDENTIALITY, COVENANT NOT TO COMPETE AND NOT TO
  SOLICIT

  	
   

  	
  14

  
	
  Section 6.01

  	
  Confidential Information

  	
   

  	
  14

  
	
  Section 6.02

  	
  Non-Competition

  	
   

  	
  14

  
	
  Section 6.03

  	
  Non-Solicitation

  	
   

  	
  14

  
	
  Section 6.04

  	
  Non-Disparagement

  	
   

  	
  15

  
	
  Section 6.05

  	
  Reasonableness

  	
   

  	
  15

  
	
  Section 6.06

  	
  Equitable Relief

  	
   

  	
  15

  
						

 

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  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 6.07

  	
  Survival of Provisions

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  THE PLAN ADMINISTRATOR

  	
   

  	
  17

  
	
  Section 7.01

  	
  Authority and Duties

  	
   

  	
  17

  
	
  Section 7.02

  	
  Compensation of the Plan Administrator

  	
   

  	
  17

  
	
  Section 7.03

  	
  Records, Reporting and Disclosure

  	
   

  	
  17

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
  AMENDMENT, TERMINATION AND DURATION

  	
   

  	
  18

  
	
  Section 8.01

  	
  Amendment, Suspension and Termination

  	
   

  	
  18

  
	
  Section 8.02

  	
  Duration

  	
   

  	
  18

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
  DUTIES OF THE COMPANY AND THE COMMITTEE

  	
   

  	
  19

  
	
  Section 9.01

  	
  Records

  	
   

  	
  19

  
	
  Section 9.02

  	
  Payment

  	
   

  	
  19

  
	
  Section 9.03

  	
  Discretion

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
  CLAIMS PROCEDURES

  	
   

  	
  20

  
	
  Section 10.01

  	
  Claim

  	
   

  	
  20

  
	
  Section 10.02

  	
  Initial Claim

  	
   

  	
  20

  
	
  Section 10.03

  	
  Appeals of Denied Administrative Claims

  	
   

  	
  20

  
	
  Section 10.04

  	
  Appointment of the Named Appeals Fiduciary

  	
   

  	
  21

  
	
  Section 10.05

  	
  Arbitration; Expenses

  	
   

  	
  21

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE XI

  	
  MISCELLANEOUS

  	
   

  	
  23

  
	
  Section 11.01

  	
  Nonalienation of Benefits

  	
   

  	
  23

  
	
  Section 11.02

  	
  Notices

  	
   

  	
  23

  
	
  Section 11.03

  	
  Successors

  	
   

  	
  23

  
	
  Section 11.04

  	
  Other Payments

  	
   

  	
  23

  
	
  Section 11.05

  	
  No Mitigation

  	
   

  	
  23

  
	
  Section 11.06

  	
  No Contract of Employment

  	
   

  	
  23

  
	
  Section 11.07

  	
  Severability of Provisions

  	
   

  	
  23

  
	
  Section 11.08

  	
  Heirs, Assigns, and Personal Representatives

  	
   

  	
  24

  
	
  Section 11.09

  	
  Headings and Captions

  	
   

  	
  24

  
	
  Section 11.10

  	
  Gender and Number

  	
   

  	
  24

  
	
  Section 11.11

  	
  Unfunded Plan

  	
   

  	
  24

  
	
  Section 11.12

  	
  Payments to Incompetent Persons

  	
   

  	
  24

  
						

 

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  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  Section 11.13

  	
  Lost Payees

  	
   

  	
  24

  
	
  Section 11.14

  	
  Controlling Law

  	
   

  	
  24

  
	
   

  	
   

  	
   

  	
   

  
	
  SCHEDULE A

  	
  SEVERANCE PERIOD

  	
   

  	
  A-1

  
						

 

 iv

ARTICLE I

BACKGROUND, PURPOSE AND TERM OF
PLAN

Section
1.01                            Purpose
of the Plan.  The purpose of the
Plan is to provide Eligible Employees with certain compensation and benefits as
set forth in the Plan in the event the Eligible Employee’s employment with the
Company or a Subsidiary is terminated due to a Change in Control
Termination.  The Plan is not intended to
be an “employee pension benefit plan” or “pension plan” within the meaning of
Section 3(2) of ERISA.  Rather, this Plan
is intended to be a “welfare benefit plan” within the meaning of Section 3(1)
of ERISA and to meet the descriptive requirements of a plan constituting a “severance
pay plan” within the meaning of regulations published by the Secretary of Labor
at Title 29, Code of Federal Regulations, section 2510.3-2(b).  Accordingly, the benefits paid by the Plan
are not deferred compensation and no employee shall have a vested right to such
benefits.

Section
1.02                            Term
of the Plan.  The Plan shall
generally be effective as of the Effective Date.  The Plan is intended to supersede, and not to
duplicate, the provisions of the Covidien Ltd. Severance Plan for U.S. Officers
and Executives (“Executive Severance Plan”) in any case in which an Eligible
Employee would otherwise be entitled to severance or related benefits under
both this Plan and the Executive Severance Plan arising out of the Eligible
Employee’s Change in Control Termination. 
Moreover, this Plan is intended to supersede any other plan, program,
arrangement or agreement providing an Eligible Employee with severance or
related benefits in the case of an Eligible Employee’s Change in Control
Termination.  The Plan shall continue
until terminated pursuant to Article VIII of the Plan.

 1
 

ARTICLE
II

DEFINITIONS

Section
2.01                            “Annual
Bonus” shall mean 100% of the Participant’s target annual bonus.

Section
2.02                            “Base
Salary” shall mean the annual base salary in effect as of the Participant’s
Termination Date.

Section
2.03                            “Board”
shall mean the Board of Directors of the Company, or any successor thereto, or
a committee thereof specifically designated for purposes of making
determinations hereunder.

Section
2.04                            “Cause”
shall mean an Employee’s (i) substantial failure or refusal to perform duties
and responsibilities of his or her job as required by the Company, (ii)
violation of any fiduciary duty owed to the Company, (iii) conviction of a
felony or misdemeanor, (iv) dishonesty, (v) theft, (vi) violation of Company
rules or policy, or (vii) other egregious conduct, that has or could have a
serious and detrimental impact on the Company and its employees.  The Plan Administrator, in its sole and
absolute discretion, shall determine Cause. 
Examples of “Cause” may include, but are not limited to, excessive
absenteeism, misconduct, insubordination, violation of Company policy,
dishonesty, and deliberate unsatisfactory performance (e.g., Employee refuses
to improve deficient performance).

Section
2.05                            “Change
in Control”  shall mean any of the
following events:

                                                                                                (i)                                     any
“person” (as defined in Section 13(d) and 14(d) of the Exchange Act, excluding
for this purpose, (i) the Company or any subsidiary company (wherever
incorporated) of the Company as defined by Section 86 of the Companies Act 1981
of Bermuda, as amended or (ii) any employee benefit plan of the Company or any
such subsidiary company (or any person or entity organized, appointed or
established by the Company for or pursuant to the terms of any such plan that
acquires beneficial ownership of voting securities of the Company), is or
becomes the “beneficial owner” (as defined in Rule 13d-3 under the Exchange
Act) directly or indirectly of securities of the Company representing more than
30 percent of the combined voting power of the Company’s then outstanding
securities; provided, however, that no Change in Control will be deemed to have
occurred as a result of a change in ownership percentage resulting solely from
an acquisition of securities by the Company;

                                                                                                (ii)                                  persons
who, as of the Effective Date, constitute the Board (the “Incumbent Directors”)
cease for any reason (including without limitation, as a result of a tender
offer, proxy contest, merger or similar transaction) to constitute at least a
majority thereof, provided that any person becoming a Director of the Company
subsequent to the Effective Date shall be considered an Incumbent Director if
such person’s election or nomination for election was approved by a vote of at
least 50 percent of the Incumbent Directors; but provided further, that any
such person whose initial assumption of office is in connection with an actual
or threatened proxy contest relating to the election of members of the Board or
other actual or threatened solicitation of proxies or consents by or on behalf
of a “person” (as defined in Section 

 2
 

13(d) and 14(d) of the Exchange Act) other than the
Board, including by reason of agreement intended to avoid or settle any such
actual or threatened contest or solicitation, shall not be considered an
Incumbent Director;

(iii)                               consummation
of a reorganization, merger or consolidation or sale or other disposition of at
least 80 percent of the assets of the Company (a “Business Combination”), in
each case, unless, following such Business Combination, all or substantially
all of the individuals and entities who were the beneficial owners of
outstanding voting securities of the Company immediately prior to such Business
Combination beneficially own directly or indirectly more than 50 percent of the
combined voting power of the then outstanding voting securities entitled to
vote generally in the election of directors, as the case may be, of the company
resulting from such Business Combination (including, without limitation, a
company which, as a result of such transaction, owns the Company or all or
substantially all of the Company’s assets either directly or through one or
more subsidiary companies (wherever incorporated) of the Company as defined by
Section 86 of the Companies Act 1981 of Bermuda, as amended) in substantially
the same proportions as their ownership, immediately prior to such Business
Combination, of the outstanding voting securities of the Company; or

(iv)                              
approval by the stockholders of the Company of a complete liquidation or
dissolution of the Company.

Section
2.06                            “Change
in Control Termination”  shall mean a
Participant’s Involuntary Termination or Good Reason Resignation that occurs
during the period beginning 60 days prior to the date of a Change in Control
and ending two years after the date of such Change in Control.

Section
2.07                            “COBRA”
shall mean the Consolidated Omnibus Budget Reconciliation Act of 1985, as
amended.

Section
2.08                            “Code”
shall mean the Internal Revenue Code of 1986, as amended.

Section
2.09                            “Committee”
shall mean the Compensation and Human Resources Committee of the Board or such
other committee appointed by the Board to assist the Company in making
determinations required under the Plan in accordance with its terms.  The “Committee” may delegate its authority
under the Plan to an individual or another committee.

Section
2.10                            “Company”
shall mean Covidien Ltd.  Unless it is
otherwise clear from the context, Company shall generally include participating
Subsidiaries.

Section
2.11                            “Effective
Date” shall mean the date of Separation.

Section
2.12                            “Eligible
Employee” shall mean an Employee employed in the United States who is an
Officer, or in career band 1, and who is not covered under any other severance
plan or program sponsored by the Company or a Subsidiary (other than the
Executive Severance Plan).  If there is
any question as to whether an Employee is deemed an Eligible Employee for
purposes of the Plan, the Senior Vice President – Human Resources, Covidien Ltd.
shall make the determination.

 3
 

Section
2.13                            “Employee”
shall mean an individual employed by Covidien Ltd. or a Subsidiary as a common
law employee on the United States payroll of Covidien Ltd. or a Subsidiary, and
shall not include any person working for the Company through a temporary
service or on a leased basis or who is hired by the Company as an independent
contractor, consultant, or otherwise as a person who is not an employee for
purposes of withholding federal employment taxes, as evidenced by payroll
records or a written agreement with the individual, regardless of any contrary
governmental or judicial determination or holding relating to such status or
tax withholding.

Section
2.14                            “Employer”
shall mean the Company or any Subsidiary with respect to which this Plan has
been adopted.

Section
2.15                            “ERISA”
shall mean the Employee Retirement Income Security Act of 1974, as amended, and
regulations thereunder.

Section
2.16                            “Exchange
Act” shall mean the Securities Exchange Act of 1934, as amended.

Section
2.17                            “Executive
Severance Plan” shall mean the Covidien Ltd. Severance Plan for U.S.
Officers and Executives, which plan is superseded by this Plan in the event of
any Participant’s Change in Control Termination.

Section
2.18                            “Good
Reason Resignation” shall mean any retirement or termination of employment
by a Participant that is not initiated by the Company or any Subsidiary and
that is caused by any one or more of the following events which occurs during
the period beginning 60 days prior to the date of a Change in Control and
ending two years after the date of such Change in Control:

(1)  Without the Participant’s written consent,
assignment to the Participant of any duties inconsistent in any material
respect with the Participant’s position (including titles and reporting
relationships), authority, duties or responsibilities, or any other action by
the Company which, in the reasonable judgment of the Participant, would cause
him to violate his or her ethical or professional obligations (after written
notice of such judgment has been provided by the Participant to the Board’s
audit committee and the Company has been given a 15-day period within which to
cure such action), or which results in a significant diminution in such
position, authority, duties or responsibilities;

(2)  Without the Participant’s written consent,
the Participant’s being required to relocate to a principal place of employment
more than fifty (50) miles from his or her existing principal place of
employment;

(3)  Without the Participant’s written consent,
the Company materially reduces the Participant’s compensation and benefits,
taken as a whole; or

(4)  The Company fails to obtain a satisfactory
agreement from any Successor to assume and agree to perform the Company’s
obligations to the Participant under this Plan, as contemplated in Section
11.03 herein;

 4
 

provided, that if the Participant remains in
employment for more than ninety (90) days following the occurrence of (or, if
later, the Participant’s gaining knowledge of) any event set forth above, any
subsequent retirement or termination of employment by a Participant that is not
initiated by the Company or any Subsidiary shall not constitute a Good Reason
Resignation.

Section
2.19                            “Involuntary
Termination” shall mean a termination of the Participant initiated by the
Company or a Subsidiary for any reason other than Cause, Permanent Disability
or death, as provided under and subject to the conditions of Article III.

Section
2.20                            “Notice
Pay” shall mean the amounts that a Participant is eligible to receive
pursuant to Article IV of the Plan.

Section
2.21                            “Officer”
shall mean any individual who is an officer of the Company, as such term is
defined pursuant to Rule 16a-1(f) as promulgated under the Exchange Act, of the
Company. For purposes of this definition, Officer shall also mean any officer
of any of the Company’s Subsidiaries who performs policy making functions,
within the context of Rule 16a-1(f).

Section
2.22                            “Participant”
shall mean any Eligible Employee who meets the requirements of Article III and
thereby becomes eligible for salary continuation and other benefits under the
Plan.

Section
2.23                            “Permanent
Disability” shall mean that an Employee has a permanent and total
incapacity from engaging in any employment for the Employer for physical or
mental reasons.  A “Permanent Disability”
shall be deemed to exist if the Employee meets the requirements for disability
benefits under the Employer’s long-term disability plan or under the
requirements for disability benefits under the Social Security law (or similar
law outside the United States, if the Employee is employed in that
jurisdiction) then in effect, or if the Employee is designated with an inactive
employment status at the end of a disability or medical leave.

Section
2.24                            “Plan”
means the Covidien Ltd. Change in Control Severance Plan for Certain U.S.
Officers and Executives as set forth herein, and as the same may from time to
time be amended.

Section
2.25                            “Plan
Administrator” shall mean the individual(s) appointed by the Committee to
administer the terms of the Plan as set forth herein and if no individual is
appointed by the Committee to serve as the Plan Administrator for the Plan, the
Plan Administrator shall be the Senior Vice President — Human Resources, Covidien
Ltd. (or the equivalent). 
Notwithstanding the preceding sentence, in the event the Plan
Administrator is entitled to Severance Benefits under the Plan, the Committee
or its delegate shall act as the Plan Administrator for purposes of
administering the terms of the Plan with respect to the Plan
Administrator.  The Plan Administrator
may delegate all or any portion of its authority under the Plan to any other
person(s).

Section
2.26                            “Release”
shall mean the Separation of Employment Agreement and General Release, as
provided by the Company.

 5
 

Section
2.27                            “Separation”
shall mean the date Tyco International Ltd. issues its public shareholders
stock dividends consisting of the common stock of Covidien Ltd. and Tyco
Electronics Ltd., as described in Forms 10 filed with the Securities and
Exchange Commission by Covidien Ltd. and Tyco Electronics Ltd. on January 18,
2007, as a result of which Covidien Ltd. is no longer a member of the TIL
controlled group of corporations.

Section
2.28                            “Service”
shall mean the total number of years and completed months the Participant was
an Employee of the Company.  Service with
any predecessor employer or with a Subsidiary prior to the Subsidiary’s
becoming part of the Company shall be recognized only to the extent specified
in the merger or acquisition documentation relating to the Subsidiary.  Periods of authorized leave of absence, such
as military leave, will be included in Service only to the extent required by
applicable law.  Any period of employment
with the Company, a Subsidiary, or a predecessor employer for which an Eligible
Employee previously received severance benefits, shall be excluded from
Service.

Section
2.29                            “Severance
Benefit” shall mean the salary replacement amounts and other benefits that
a Participant is eligible to receive pursuant to Article IV of the Plan.

Section
2.30                            “Severance
Period” shall mean the period for which a Participant is entitled to
receive Severance Benefits under this Plan.

Section
2.31                            “Subsidiary”
shall mean (i) a subsidiary company (wherever incorporated) as defined by
section 86 of the Companies Act 1981 of Bermuda (as amended), (ii) any
separately organized business unit, whether or not incorporated, of the
Company, and (iii) any employer that is required to be aggregated with the
Company pursuant to section 414 of the Code and regulations issued thereunder.

Section
2.32                            “Successor”
shall mean any other corporation or unincorporated entity or group of
corporations or unincorporated entities which acquires ownership, directly or
indirectly, through merger, consolidation, purchase or otherwise, of all or
substantially all of the assets of the Company.

Section
2.33                            “Termination
Date” shall mean the date on which the active employment of the Participant
by the Company or a Subsidiary is severed by reason of an Involuntary
Termination or a Good Reason Resignation.

Section
2.34                            “Voluntary
Resignation” shall mean any retirement or termination of employment that is
not initiated by the Company or any Subsidiary other than a Good Reason
Resignation.

 6
 

ARTICLE III

PARTICIPATION AND ELIGIBILITY FOR
BENEFITS

Section
3.01                            Participation.  Each Eligible Employee in the Plan who incurs
a Change in Control Termination and who satisfies the conditions of Section
3.02 shall be eligible to receive the Severance Benefits described in the
Plan.  An Eligible Employee shall not be
eligible to receive any other severance benefits from the Company or Subsidiary
on account of a Change in Control Termination, unless otherwise provided in the
Plan.  In addition, any Eligible Employee
who is a party to an employment agreement with the Company pursuant to which
such Eligible Employee is entitled to severance benefits shall be ineligible to
participate in the Plan.

Section
3.02                            Conditions.

(a)                                  Eligibility
for any Severance Benefits is expressly conditioned on (i) execution by the
Participant of a Release in the form provided by the Company; (ii) compliance
by the Participant with all the terms and conditions of such Release; (iii) the
Participant’s written agreement to the confidentiality, non-solicitation, and
non-disparagement provisions in Article VI during and after the Participant’s
employment with the Company; and (iv) execution of a written agreement that
authorizes the deduction of amounts owed to the Company prior to the payment of
any Severance Benefit (or in accordance with any other schedule as the
Committee may, in its sole discretion, determine to be appropriate).  If the Committee determines, in its sole
discretion, that the Participant has not fully complied with any of the terms
of the Agreement and/or Release, the Committee may deny Severance Benefits not
yet in pay status or discontinue the payment of the Participant’s Severance
Benefit and may require the Participant, by providing written notice of such
repayment obligation to the Participant, to repay any portion of the Severance
Benefit already received under the Plan. 
If the Committee notifies a Participant that repayment of all or any
portion of the Severance Benefit received under the Plan is required, such
amounts shall be repaid within thirty (30) calendar days of the date the
written notice is sent.  Any remedy under
this subsection (a) shall be in addition to, and not in place of, any other
remedy, including injunctive relief, that the Company may have.

(b)                                 An
Eligible Employee will not be eligible to receive severance benefits under any
of the following circumstances:

(i)                                     The
Eligible Employee’s Voluntary Resignation;

(ii)                                  The
Eligible Employee resigns employment (other than a Good Reason Resignation)
before the job-end date specified by the Employer or while the Employer still
desires the Eligible Employee’s services;

(iii)                               The
Eligible Employee’s employment is terminated for Cause;

(iv)                              The
Eligible Employee voluntarily retires (other than a Good Reason Resignation);

 7
 

(v)                                 The
Eligible Employee’s employment is terminated due to the Eligible Employee’s
death or Permanent Disability;

(vi)                              The
Eligible Employee does not return to work within six (6) months of the onset of
an approved leave of absence, other than a personal, educational or military
leave and/or as otherwise required by applicable statute;

(vii)                           The
Eligible Employee does not return to work within three (3) months of the onset
of a personal or educational leave of absence;

(viii)                        The
Eligible Employee continues in employment with the Company or a Subsidiary for
more than ninety (90) days following the occurrence of an event or events that
would permit a Good Reason Resignation; or

(ix)                                The
Eligible Employee’s employment with the Employer terminates as a result of a
Change in Control and the Eligible Employee accepts employment, or has the
opportunity to continue employment, with a Successor (other than under terms
and conditions which would permit a Good Reason Resignation).  The payment of Severance Benefits in the
circumstances described in this subsection (ix) would result in a windfall to
the Eligible Employee, which is not the intention of the Plan.

(c)                                  The
Plan Administrator has the sole discretion to determine an Eligible Employee’s
eligibility to receive Severance Benefits.

(d)                                 An
Eligible Employee returning from approved military leave during the period
beginning 60 days before a Change in Control and ending two years after a
Change in Control will be eligible for Severance Benefits if: (i) he/she is
eligible for reemployment under the provisions of the Uniformed Services
Employment and Reemployment Rights Act (USERRA); (ii) his/her pre-military
leave job is eliminated; and (iii) the Employer’s circumstances are changed so
as to make reemployment in another position impossible or unreasonable, or
re-employment would create an undue hardship for the Employer.  If the Eligible Employee returning from
military leave qualifies for Severance Benefits, his/her severance benefits
will be calculated as if he/she had remained continuously employed from the
date he/she began his/her military leave. 
The Eligible Employee must also satisfy any other relevant conditions
for payment, including execution of a Release.

 8
 

ARTICLE
IV

DETERMINATION OF SEVERANCE
BENEFITS

Section
4.01                            Amount
of Severance Benefits Upon Involuntary Termination and Good Reason Resignation.
The Severance Benefits to be provided to an Eligible Employee who incurs a
Change in Control Termination and is determined to be eligible for Severance
Benefits shall be as follows:

(a)                                  Notice
Pay.  Except for Officers, each
Eligible Employee who meets the eligibility requirements for a Severance
Benefit under Section 3.01 shall receive 30 calendar days notice as a Notice
Period.  In the event that the Company
determines that a Participant’s last day of work shall be prior to the end of
his or her Notice Period, such Employee shall be entitled to pay in lieu of
notice for the balance of such Notice Period. 
Notice Pay paid to an Eligible Employee shall be in addition to, and not
offset against, the Severance Benefits the Participant may be entitled to receive
under this Article IV.  An Eligible Employee
who does not sign, or who revokes his or her signature on, a Release shall only
be eligible for Notice Pay.  Unless
otherwise permitted by the applicable plan documents or laws, an Eligible
Employee will not be eligible to apply for short-term disability, long-term
disability and/or workers’ compensation during the Notice Period, or anytime
thereafter.

(b)                                 Salary
Replacement Benefits.  Salary
Replacement Benefits shall be provided for the Severance Period applicable to
the Participant as set forth in the Salary Continuation Schedule in the
Appendix.

(c)                                  Bonus.

(i)                                     The
Participant shall receive a cash payment equal to his or her pro rated annual
bonus for the year in which Participant’s Termination Date occurs, pursuant to
the terms set forth in the applicable incentive plans.

(ii)                                  The
Participant shall also receive a cash payment equal to his or her Annual Bonus
for the Severance Period applicable to the Participant as set forth in the
Bonus Payment Schedule in the Appendix.

(d)                                 Medical,
Dental and Health Care Reimbursement Account Benefits.  The Participant shall continue to be eligible
to participate in the medical, dental and Health Care Reimbursement Account
coverage in effect at the date of his or her termination (or generally
comparable coverage) for himself or herself and, where applicable, his or her
spouse or domestic partner and dependents, as the same may be changed from time
to time for employees of the Company generally, as if Participant had continued
in employment during the Severance Period. 
The Participant shall be responsible for the payment of the employee
portion of the medical, dental and Health Care Reimbursement Account
contributions that are required during the Severance Period and such contributions
shall be made within the time period and in the amounts that other employees
are required to pay to the Company for similar coverage.  The Participant’s failure to pay the
applicable contributions shall result in the cessation of the applicable
medical 

 9
 

and dental coverage for the Participant and his or her
spouse or domestic partner and dependents. 
Notwithstanding any other provision of this Plan to the contrary, in the
event that a Participant commences employment with another company at any time
during the Severance Period, the Participant may cease receiving coverage under
the Company’s medical and dental plans. 
Within thirty (30) days of Participant’s commencement of employment with
another company, Participant shall provide the Company written notice of such
employment and provide information to the Company regarding the medical and
dental benefits provided to Participant by his or her new employer.  The COBRA Continuation Coverage Period under
section 4980B of the Code shall run concurrently with the Severance Period.

(e)                                  Stock
Options.  All stock options held by
the Participant as of his or her Termination Date which are not already vested
and exercisable as of such date shall become vested and exercisable on the
Termination Date.  All outstanding stock
options held by Participant that are vested and exercisable as of the
Termination Date and all stock options held by the Participant that become
vested and exercisable under the preceding sentence shall be exercisable for
the greater of (i) the period set forth in Participant’s option agreement
covering such options, or (ii) twelve (12) months from the Termination
Date.  In no event, however, shall an
option be exercisable beyond its original expiration date.

(f)                                    Restricted
Stock.  All unvested restricted stock
and restricted stock units held by the Participant as of his or her Termination
Date which are subject solely to time-vesting requirements shall accelerate and
become immediately vested as of the Termination Date.  All unvested restricted stock and restricted
stock units held by the Participant as of his or her Termination Date which are
subject in whole or part to performance-based vesting provisions shall
accelerate and become vested if and to the extent that the Plan Administrator
determines in its sole discretion that the applicable performance vesting
requirements have been or will be attained, or would have been attained during
the Severance Period in the ordinary course but for the Change in Control and
the Participant’s Change in Control Termination.

(g)                                 Outplacement
Services.  The Company may, in its
sole and absolute discretion, pay the cost of outplacement services for the
Participant at the outplacement agency that the Company regularly uses for such
purpose; provided, however, that the period of
outplacement shall not exceed twelve (12) months from Participant’s Termination
Date.

(h)                                 In
the event that provision of any of the benefits in (d) above would adversely
affect the tax status of the applicable plan or benefits, the Company, in its
sole discretion, may elect to pay to the Participant cash in lieu of such
coverage in an amount equal to the Company’s premium or average cost of
providing such coverage.

Section
4.02                            Voluntary
Resignation; Termination for Death or Permanent Disability.  If the Eligible Employee’s employment
terminates on account of (i) the Eligible Employee’s Voluntary Resignation,
(ii) death, or (iii) Permanent Disability, then the Eligible Employee shall not
be entitled to receive Severance Benefits under this Plan and shall be entitled
only to those benefits (if any) as may be available under the Company’s
then-existing benefit plans and policies at the time of such termination.

 10
 

Section
4.03                            Termination
for Cause.  If any Eligible
Employee’s employment terminates on account of termination by the Company for
Cause, the Eligible Employee shall not be entitled to receive Severance
Benefits under this Plan and shall be entitled only to those benefits that are
legally required to be provided to the Eligible Employee.  Notwithstanding any other provision of the
Plan to the contrary, if the Committee or the Plan Administrator determines
that an Eligible Employee has engaged in conduct that constitutes Cause at any
time prior to the Eligible Employee’s Termination Date, any Severance Benefit
payable to the Eligible Employee under Section 4.01 of the Plan shall
immediately cease, and the Eligible Employee shall be required to return any
Severance Benefits paid to the Eligible Employee prior to such
determination.  The Company may withhold
paying Severance Benefits under the Plan pending resolution of an inquiry that
could lead to a finding resulting in Cause. 
If the Company has offset other payments owed to the Eligible Employee
under any other plan or program, it may, in its sole discretion, waive its
repayment right solely with respect to the amount of the offset so credited.

Section
4.04                            Reduction
of Severance Benefits.  The Plan
Administrator reserves the right to make deductions in accordance with
applicable law for any monies owed to the Company by the Participant or the
value of Company property that the Participant has retained in his/her
possession.

 11
 

ARTICLE V

METHOD, DURATION AND LIMITATION OF
SEVERANCE BENEFIT PAYMENTS

Section
5.01                            Method
of Payment.  The cash Severance
Benefits to which a Participant is entitled, as determined pursuant to Section
4.01, shall be paid in a single lump sum payment.  In no event will interest be credited on the
unpaid balance for which a Participant may become eligible.  Payment shall be made by mailing to the last
address provided by the Participant to the Company or such other reasonable
method as determined by the Plan Administrator. 
In general, the payment shall be made as promptly as practicable after
the Participant’s Termination Date, the execution of the Release required under
Section 3.02, and the expiration of the required revocation period specified in
the Release.  All payments of Severance
Benefits are subject to applicable federal, state and local taxes and
withholdings.  In the event of the
Participant’s death prior to payment being made, the amount of such payment
shall be paid to the Participant’s estate.

Section
5.02                            Other
Arrangements.  The Severance
Benefits under this Plan are not additive or cumulative to severance or
termination benefits that a Participant might also be entitled to receive under
the terms of a written employment agreement, a severance agreement or any other
arrangement with the Employer, including, without limitation, the Executive
Severance Plan.  As a condition of
participating in the Plan, the Eligible Employee must expressly agree that this
Plan supersedes all prior plans or agreements, and sets forth the entire
Severance Benefit the Eligible Employee is entitled to while an Eligible
Employee in the Plan.  The provisions of
this Plan may provide for payments to the Eligible Employee under certain
compensation or bonus plans under circumstances where such plans would not
provide for payment thereof.  It is the
specific intention of the Company that the provisions of this Plan shall supersede
any provisions to the contrary in such plans, to the extent permitted by
applicable law, and such plans shall be deemed to be have been amended to
correspond with this Plan without further action by the Company or the Board.

Section
5.03                            Termination
of Eligibility for Benefits.

(a)                                  All
Eligible Employees shall cease to be eligible to participate in the Plan, and
all Severance Benefit payments shall cease upon the occurrence of the earlier
of:

(i)                                     Subject
to Article VIII, termination or modification of the Plan; or

(ii)                                  Completion
of payment to the Participant of the Severance Benefit for which the
Participant is eligible under Article IV.

(b)                                 Notwithstanding
anything herein to the contrary, the Company shall have the right to cease all
Severance Benefit payments and to recover payments previously made to the
Participant should the Participant at any time breach the Participant’s
undertakings under the terms of the Plan, the Release the Participant executed
to obtain the Severance Benefits under the Plan or the confidentiality,
non-competition, non-solicitation and non-disparagement provisions of Article
VI.

 12
 

Section
5.04                            Limitation
on Benefits; Tax Gross-Up.

(a)                                  Notwithstanding
anything in this Plan to the contrary, if it is determined that any payment or
distribution by the Company or its Subsidiaries to or for the benefit of a
Participant (whether paid or provided pursuant to the terms of this Plan or
otherwise) (a “Payment”) would be nondeductible by the Company for Federal
income tax purposes because of Code Section 280G and the Payment does not
exceed the lesser of (i) ten percent (10%) of three times the Participant’s “base
amount” (as defined in Code Section 280G(b)(3)) or (ii) fifty thousand dollars
($50,000.00) then the aggregate present value of the benefits provided to the
Participant pursuant to the rights granted under this Plan (such benefits are
hereinafter referred to as “Plan Payments”) shall be reduced to the Reduced
Amount.  The “Reduced Amount” shall be an
amount expressed in present value which maximizes the aggregate present value
of Plan Payments without causing any Payment to be nondeductible by the Company
because of Section 280G of the Code.  For
purposes of this Section 5.04, present value shall be determined in accordance
with Section 280G(d)(4) of the Code. 
Notwithstanding the provisions of this Section 5.04(a), if a Payment is determined
to be nondeductible because of Code Section 280G and the Payment would exceed the
lesser of (i) ten percent (10%) of the Participant’s “base amount” (as defined
in Code Section 280G(b)(3)) or (ii) fifty thousand dollars ($50,000.00) then
the Company shall pay to the Participant an additional amount such that the net
amount retained by the Participant after deduction of any federal, state and local
income tax (and FICA taxes) and applicable excise tax, including any interest,
penalties or additions to tax payable by the Participant with respect thereto,
shall be equal to the total present value of the Payment at the time such
Payment is to be made.

(b)                                 All
determinations required to be made under this Section 5.04 shall be made by the
accounting firm that was the Company’s primary outside public accounting firm
before the Change in Control (the “Accounting Firm”), which shall provide
detailed supporting calculations both to the Company and the Participant within
fifteen (15) business days of the Termination Date or such earlier time as is
requested by the Company.  Any such
determination by the Accounting Firm shall be binding upon the Company and the
Participant.  Within five (5) business
days of the determination by the Accounting Firm as to the Reduced Amount, the
Company shall provide to the Participant such Severance Benefits as are then
due to the Participant in accordance with the rights afforded under this
Plan.  If Plan Payments are to be
reduced, the Participant shall determine which Plan Payments shall be reduced to
comply with this Section 5.04.

 13
 

ARTICLE
VI

CONFIDENTIALITY, COVENANT NOT TO
COMPETE AND NOT TO SOLICIT

Section
6.01                            Confidential
Information.  The Eligible Employee agrees that he or she
shall not, directly or indirectly, use, make available, sell, disclose or
otherwise communicate to any person, other than in the course of the Eligible
Employee’s assigned duties and for the benefit of the Company, either during
the period of the Eligible Employee’s employment or at any time thereafter, any
nonpublic, proprietary or confidential information, knowledge or data relating
to the Company, any of its Subsidiaries, affiliated companies or businesses,
which shall have been obtained by the Eligible Employee during the Eligible
Employee’s employment by the Company or a Subsidiary.  The foregoing shall not apply to information
that (i) was known to the public prior to its disclosure to the Eligible
Employee; (ii) becomes known to the public subsequent to disclosure to the
Eligible Employee through no wrongful act of the Eligible Employee or any
representative of the Eligible Employee; or (iii) the Eligible Employee is
required to disclose by applicable law, regulation or legal process (provided
that the Eligible Employee provides the Company with prior notice of the
contemplated disclosure and reasonably cooperates with the Company at its
expense in seeking a protective order or other appropriate protection of such
information).  Notwithstanding clauses
(i) and (ii) of the preceding sentence, the Eligible Employee’s obligation to
maintain such disclosed information in confidence shall not terminate where
only portions of the information are in the public domain.

Section
6.02                            Non-Competition.  The Participant acknowledges that he or she
performs services of a unique nature for the Company that are irreplaceable,
and that his or her performance of such services for a competing business will
result in irreparable harm to the Company. 
Accordingly, during the Participant’s employment with the Company or
Subsidiary and for the one (1) year period thereafter, the Participant agrees
that the Participant will not, directly or indirectly, own, manage, operate,
control, be employed by (whether as an employee, consultant, independent
contractor or otherwise, and whether or not for compensation) or render
services to any person, firm, corporation or other entity, in whatever form,
engaged in any business of the same type as any business in which the Company
or any of its Subsidiaries or affiliates is engaged on the date of termination
or in which they have proposed, on or prior to such date, to be engaged in on
or after such date and in which the Participant has been involved to any extent
(other than de minimis) at any time during the one (1) year period ending with
the date of termination, in any locale of any country in which the Company or
any of its Subsidiaries conducts business. 
This Section 6.02 shall not prevent the Participant from owning not more
than one percent of the total shares of all classes of stock outstanding of any
publicly held entity engaged in such business, nor will it restrict the
Participant from rendering services to charitable organizations, as such term
is defined in section 501(c) of the Code.

Section
6.03                            Non-Solicitation.  During the Eligible Employee’s employment
with the Company or a Subsidiary and for the two (2) year period thereafter,
the Eligible Employee agrees that he or she will not, directly or indirectly,
individually or on behalf of any other person, firm, corporation or other
entity, knowingly solicit, aid or induce (i) any employee of the Company or any
Subsidiary, as defined by the Company, to leave such employment in order to 

 14
 

accept employment with or render services to or with
any other person, firm, corporation or other entity unaffiliated with the
Company or knowingly take any action to materially assist or aid any other
person, firm, corporation or other entity in identifying or hiring any such
employee, or (ii) any customer of the Company or any Subsidiary to purchase
goods or services then sold by the Company or any Subsidiary from another
person, firm, corporation or other entity or assist or aid any other persons or
entity in identifying or soliciting any such customer.

Section
6.04                            Non-Disparagement.  Each of the Eligible Employee and the Company
(for purposes hereof, the Company shall mean only the executive officers and
directors thereof and not any other employees) agrees not to make any
statements that disparage the other party, or in the case of the Company or its
Subsidiaries, their respective affiliates, employees, officers, directors,
products or services.  Notwithstanding
the foregoing, statements made in the course of sworn testimony in
administrative, judicial or arbitral proceedings (including, without
limitation, depositions in connection with such proceedings) shall not be
subject to this Section 6.04.

Section
6.05                            Reasonableness.  In the event the provisions of this Article
VI shall ever be deemed to exceed the time, scope or geographic limitations
permitted by applicable laws, then such provisions shall be reformed to the
maximum time, scope or geographic limitations, as the case may be, permitted by
applicable laws.

Section
6.06                            Equitable
Relief.

(a)                                  By
participating in the Plan, the Eligible Employee acknowledges that the
restrictions contained in this Article VI are reasonable and necessary to
protect the legitimate interests of the Company, its Subsidiaries and its
affiliates, that the Company would not have established this Plan in the
absence of such restrictions, and that any violation of any provision of this
Article will result in irreparable injury to the Company.  By agreeing to participate in the Plan, the
Eligible Employee represents that his or her experience and capabilities are
such that the restrictions contained in this Article VI will not prevent the
Eligible Employee from obtaining employment or otherwise earning a living at the
same general level of economic benefit as is currently the case.  The Eligible Employee further represents and
acknowledges that (i) he or she has been advised by the Company to consult his
or her own legal counsel in respect of this Plan, and (ii) that he or she has
had full opportunity, prior to agreeing to participate in this Plan, to review
thoroughly this Plan with his or her counsel.

(b)                                 The
Eligible Employee agrees that the Company shall be entitled to preliminary and
permanent injunctive relief, without the necessity of proving actual damages,
as well as an equitable accounting of all earnings, profits and other benefits
arising from any violation of this Article VI, which rights shall be cumulative
and in addition to any other rights or remedies to which the Company may be
entitled.  In the event that any of the
provisions of this Article VI should ever be adjudicated to exceed the time,
geographic, service, or other limitations permitted by applicable law in any
jurisdiction, then such provisions shall be deemed reformed in such
jurisdiction to the maximum time, geographic, service, or other limitations
permitted by applicable law.

(c)                                  The
Eligible Employee irrevocably and unconditionally (i) agrees that any suit,
action or other legal proceeding arising out of this Article VI, including
without limitation, 

 15
 

any action commenced by the Company for preliminary
and permanent injunctive relief or other equitable relief, may be brought in
the United States District Court for the District of Massachusetts, or if such
court does not have jurisdiction or will not accept jurisdiction, in any court
of general jurisdiction in Massachusetts, (ii) consents to the non-exclusive
jurisdiction of any such court in any such suit, action or proceeding, and
(iii) waives any objection which Participant may have to the laying of venue of
any such suit, action or proceeding in any such court.  Participant also irrevocably and
unconditionally consents to the service of any process, pleadings, notices or
other papers in a manner permitted by the notice provisions of Section 11.02.

Section
6.07                            Survival
of Provisions.  The obligations
contained in this Article VI shall survive the termination of Eligible Employee’s
employment with the Company or a Subsidiary and shall be fully enforceable
thereafter.

 16
 

ARTICLE
VII

THE PLAN ADMINISTRATOR

Section
7.01                            Authority
and Duties.  It shall be the duty
of the Plan Administrator, on the basis of information supplied to it by the
Company and the Committee, to properly administer the Plan.  The Plan Administrator shall have the full
power, authority and discretion to construe, interpret and administer the Plan,
to make factual determinations, to correct deficiencies therein, and to supply
omissions.  All decisions, actions and
interpretations of the Plan Administrator shall be final, binding and
conclusive upon the parties, subject only to determinations by the Named
Appeals Fiduciary (as defined in Section 10.04), with respect to denied claims
for Severance Benefits.  The Plan
Administrator may adopt such rules and regulations and may make such decisions
as it deems necessary or desirable for the proper administration of the Plan.

Section
7.02                            Compensation
of the Plan Administrator.  The
Plan Administrator shall receive no compensation for services as such.  However, all reasonable expenses of the Plan
Administrator shall be paid or reimbursed by the Company upon proper
documentation.  The Plan Administrator
shall be indemnified by the Company against personal liability for actions
taken in good faith in the discharge of the Plan Administrator’s duties.

Section
7.03                            Records,
Reporting and Disclosure.  The
Plan Administrator shall keep a copy of all records relating to the payment of
Severance Benefits to Participants and former Participants and all other
records necessary for the proper operation of the Plan.  All Plan records shall be made available to
the Committee, the Company and to each Participant for examination during
business hours except that a Participant shall examine only such records as
pertain exclusively to the examining Participant and to the Plan.  The Plan Administrator shall prepare and
shall file as required by law or regulation all reports, forms, documents and
other items required by ERISA, the Code, and every other relevant statute, each
as amended, and all regulations thereunder (except that the Company, as payor
of the Severance Benefits, shall prepare and distribute to the proper
recipients all forms relating to withholding of income or wage taxes, Social
Security taxes, and other amounts that may be similarly reportable).

 17
 

ARTICLE
VIII

AMENDMENT, TERMINATION AND
DURATION

Section
8.01                            Amendment,
Suspension and Termination. 
Except as otherwise provided in this Section 8.01, the Board or its
delegee shall have the right, at any time and from time to time, to amend,
suspend or terminate the Plan in whole or in part, for any reason or without
reason, and without either the consent of or the prior notification to any
Participant, by a formal written action. 
No such amendment shall give the Company the right to recover any amount
paid to a Participant prior to the date of such amendment or to cause the
cessation of Severance Benefits already approved for a Participant who has
executed a Release as required under Section 3.02.  Notwithstanding the foregoing, this Plan may
not be terminated, suspended or be amended in any material respect during the
period beginning 60 days prior to a Change in Control and ending two years
after a Change in Control.

Section
8.02                            Duration.  Unless terminated sooner by the Board or its
delegee, the Plan shall continue in full force and effect until termination of
the Plan pursuant to Section 8.01; provided, however, that after the
termination of the Plan, if any Participants terminated employment on account
of an Involuntary Termination prior to the termination of the Plan and are
still receiving Severance Benefits under the Plan, the Plan shall remain in
effect until all of the obligations of the Company are satisfied with respect
to such Participants.

 18
 

ARTICLE
IX

DUTIES OF THE COMPANY AND THE
COMMITTEE

Section
9.01                            Records.  The Company or a Subsidiary thereof shall
supply to the Committee all records and information necessary to the
performance of the Committee’s duties.

Section
9.02                            Payment.
Payments of Severance Benefits to Participants shall be made in such amount as
determined by the Committee under Article IV, from the Company’s general assets
or from a supplemental unemployment benefits trust, in accordance with the
terms of the Plan, as directed by the Committee.

Section
9.03                            Discretion.  Any decisions, actions or interpretations to
be made under the Plan by the Board, the Committee and the Plan Administrator,
acting on behalf of either, shall be made in each of their respective sole
discretion, not in any fiduciary capacity and need not be uniformly applied to
similarly situated individuals and such decisions, actions or interpretations
shall be final, binding and conclusive upon all parties.  As a condition of participating in the Plan,
the Eligible Employee acknowledges that all decisions and determinations of the
Board, the Committee and the Plan Administrator shall be final and binding on
the Eligible Employee, his or her beneficiaries and any other person having or
claiming an interest under the Plan on his or her behalf.

 19
 

ARTICLE X

CLAIMS PROCEDURES

Section
10.01                     Claim.  Each Participant under this Plan may contest
only the administration of the Severance Benefits awarded by completing and
filing with the Plan Administrator a written request for review in the manner
specified by the Plan Administrator.  No
appeal is permissible as to a Participant’s eligibility for or amount of the
Severance Benefit, which are decisions made solely within the discretion of the
Company, and the Committee acting on behalf of the Company.  No person may bring an action for any alleged
wrongful denial of Plan benefits in a court of law unless the claims procedures
described in this Article X are exhausted and a final determination is made by
the Plan Administrator and/or the Named Appeals Fiduciary.  If the terminated Participant or interested
person challenges a decision by the Plan Administrator and/or Named Appeals
Fiduciary, a review by the court of law will be limited to the facts, evidence
and issues presented to the Plan Administrator during the claims procedure set
forth in this Article X.  Facts and
evidence that become known to the terminated Participant or other interested
person after having exhausted the claims procedure must be brought to the
attention of the Plan Administrator for reconsideration of the claims
administrator.  Issues not raised with
the Plan Administrator and/or Named Appeals Fiduciary will be deemed waived.

Section
10.02                     Initial
Claim.  Before the date on which
payment of a Severance Benefit commences, each such application must be
supported by such information as the Plan Administrator deems relevant and
appropriate.  In the event that any claim
relating to the administration of Severance Benefits is denied in whole or in
part, the terminated Participant or his or her beneficiary (“claimant”) whose
claim has been so denied shall be notified of such denial in writing by the
Plan Administrator within ninety (90) days after the receipt of the claim for
benefits.  This period may be extended an
additional ninety (90) days if the Plan Administrator determines such extension
is necessary and the Plan Administrator provides notice of extension to the
claimant prior to the end of the initial ninety (90) day period.  The notice advising of the denial shall
specify the following: (i) the reason or reasons for denial, (ii) make specific
reference to the Plan provisions on which the determination was based, (iii)
describe any additional material or information necessary for the claimant to
perfect the claim (explaining why such material or information is needed), and
(iv) describe the Plan’s review procedures and the time limits applicable to
such procedures, including a statement of the claimant’s right to bring a civil
action under section 502(a) of ERISA following an adverse benefit determination
on review.

Section
10.03                     Appeals
of Denied Administrative Claims. 
All appeals shall be made by the following procedure:

(a)                                  A
claimant whose claim has been denied shall file with the Plan Administrator a
notice of appeal of the denial.  Such
notice shall be filed within sixty (60) calendar days of notification by the
Plan Administrator of the denial of a claim, shall be made in writing, and
shall set forth all of the facts upon which the appeal is based.  Appeals not timely filed shall be barred.

 20
 

(b)                                 The
Named Appeals Fiduciary shall consider the merits of the claimant’s written
presentations, the merits of any facts or evidence in support of the denial of
benefits, and such other facts and circumstances as the Named Appeals Fiduciary
shall deem relevant.

(c)                                  The
Named Appeals Fiduciary shall render a determination upon the appealed claim
which determination shall be accompanied by a written statement as to the
reasons therefor.  The determination
shall be made to the claimant within sixty (60) days of the claimant’s request
for review, unless the Names Appeals Fiduciary determines that special
circumstances requires an extension of time for processing the claim.  In such case, the Named Appeals Fiduciary shall
notify the claimant of the need for an extension of time to render its decision
prior to the end of the initial sixty (60) day period, and the Named Appeals
Fiduciary shall have an additional sixty (60) day period to make its
determination.  The determination so
rendered shall be binding upon all parties. 
If the determination is adverse to the claimant, the notice shall
provide (i) the reason or reasons for denial, (ii) make specific reference to
the Plan provisions on which the determination was based, (iii) a statement
that the claimant is entitled to receive, upon request and free of charge,
reasonable access to, and copies of, all documents, records and other
information relevant to a the claimant’s claim for benefits, and (iv) state
that the claimant has the right to bring an action under section 502(a) of
ERISA.

Section
10.04                     Appointment
of the Named Appeals Fiduciary. 
The Named Appeals Fiduciary shall be the person or persons named as such
by the Board or Committee, or, if no such person or persons be named, then the
person or persons named by the Plan Administrator as the Named Appeals
Fiduciary.  Named Appeals Fiduciaries may
at any time be removed by the Board or Committee, and any Named Appeals Fiduciary
named by the Plan Administrator may be removed by the Plan Administrator.  All such removals may be with or without
cause and shall be effective on the date stated in the notice of removal.  The Named Appeals Fiduciary shall be a “Named
Fiduciary” within the meaning of ERISA, and unless appointed to other fiduciary
responsibilities, shall have no authority, responsibility, or liability with
respect to any matter other than the proper discharge of the functions of the
Named Appeals Fiduciary as set forth herein.

Section
10.05                     Arbitration;
Expenses.  In the event of any
dispute under the provisions of this Plan, other than a dispute in which the
primary relief sought is an equitable remedy such as an injunction, the parties
shall have the dispute, controversy or claim settled by arbitration in Boston,
Massachusetts (or such other location as may be mutually agreed upon by the
Employer and the Participant) in accordance with the National Rules for the
Resolution of Employment Disputes then in effect of the American Arbitration
Association, before a panel of three arbitrators, two of whom shall be selected
by the Company and the Participant, respectively, and the third of whom shall
be selected by the other two arbitrators. 
Any award entered by the arbitrators shall be final, binding and
nonappealable and judgment may be entered thereon by either party in accordance
with applicable law in any court of competent jurisdiction.  This arbitration provision shall be
specifically enforceable.  The
arbitrators shall have no authority to modify any provision of this Plan or to
award a remedy for a dispute involving this Plan other than a benefit
specifically provided under or by virtue of the Plan.  If the Participant substantially prevails on
any material issue, which is the subject of such arbitration or lawsuit, the
Company shall be responsible for all of the fees of the American Arbitration
Association and the arbitrators and any expenses relating to the conduct of the
arbitration (including the Company’s and 

 21
 

Participant’s reasonable attorneys’ fees and expenses).  Otherwise, each party shall be responsible
for its own expenses relating to the conduct of the arbitration (including
reasonable attorneys’ fees and expenses) and shall share the fees of the
American Arbitration Association.

 22
 

ARTICLE
XI

MISCELLANEOUS

Section
11.01                     Nonalienation
of Benefits.  None of the
payments, benefits or rights of any Participant shall be subject to any claim
of any creditor of any Participant, and, in particular, to the fullest extent
permitted by law, all such payments, benefits and rights shall be free from
attachment, garnishment (if permitted under applicable law), trustee’s process,
or any other legal or equitable process available to any creditor of such
Participant.  No Participant shall have
the right to alienate, anticipate, commute, plead, encumber or assign any of
the benefits or payments that he may expect to receive, continently or
otherwise, under this Plan, except for the designation of a beneficiary as set
forth in Section 5.01.

Section
11.02                     Notices.  All notices and other communications required
hereunder shall be in writing and shall be delivered personally or mailed by
registered or certified mail, return receipt requested, or by overnight express
courier service.  In the case of the
Participant, mailed notices shall be addressed to him or her at the home
address which he or she most recently communicated to the Company in
writing.  In the case of the Company,
mailed notices shall be addressed to the Plan Administrator.

Section
11.03                     Successors.  Any Successor shall assume the obligations
under this Plan and expressly agree to perform the obligations under this Plan.

Section
11.04                     Other
Payments.  Except as otherwise
provided in this Plan, no Participant shall be entitled to any cash payments or
other severance benefits under any of the Company’s then current severance pay
policies for a termination that is covered by this Plan for the Participant,
including, without limitation, the Executive Severance Plan.

Section
11.05                     No
Mitigation.  Except as otherwise
provided in Section 4.01(d) and Section 4.04, Participants shall not be
required to mitigate the amount of any Severance Benefit provided for in this
Plan by seeking other employment or otherwise, nor shall the amount of any
Severance Benefit provided for herein be reduced by any compensation earned by
other employment or otherwise, except if the Participant is re-employed by
Company, in which case Severance Benefits shall cease.

Section
11.06                     No
Contract of Employment.  Neither
the establishment of the Plan, nor any modification thereof, nor the creation
of any fund, trust or account, nor the payment of any benefits shall be
construed as giving any Eligible Employee or any person whosoever, the right to
be retained in the service of the Company, and all Eligible Employees shall
remain subject to discharge to the same extent as if the Plan had never been
adopted.

Section
11.07                     Severability
of Provisions.  If any provision
of this Plan shall be held invalid or unenforceable by a court of competent
jurisdiction, such invalidity or unenforceability shall not affect any other
provisions hereof, and this Plan shall be construed and enforced as if such
provisions had not been included.

 23
 

Section
11.08                     Heirs,
Assigns, and Personal Representatives. 
This Plan shall be binding upon the heirs, executors, administrators,
successors and assigns of the parties, including each Participant, present and
future.

Section
11.09                     Headings
and Captions.  The headings and
captions herein are provided for reference and convenience only, shall not be
considered part of the Plan, and shall not be employed in the construction of
the Plan.

Section
11.10                     Gender
and Number.  Where the context
admits: words in any gender shall include any other gender, and, except where
otherwise clearly indicated by context, the singular shall include the plural,
and vice-versa.

Section
11.11                     Unfunded
Plan.  The Plan shall not be
funded.  No Participant shall have any
right to, or interest in, any assets of the Company that may be applied by the
Company to the payment of Severance Benefits.

Section
11.12                     Payments
to Incompetent Persons.  Any
benefit payable to or for the benefit of a minor, an incompetent person or
other person incapable of receipting therefor shall be deemed paid when paid to
such person’s guardian or to the party providing or reasonably appearing to
provide for the care of such person, and such payment shall fully discharge the
Company, the Committee and all other parties with respect thereto.

Section
11.13                     Lost
Payees.  A benefit shall be deemed
forfeited if the Committee is unable to locate a Participant to whom a
Severance Benefit is due.  Such Severance
Benefit shall be reinstated if application is made by the Participant for the
forfeited Severance Benefit while this Plan is in operation.

Section
11.14                     Controlling
Law.  This Plan shall be
construed and enforced according to the laws of the Commonwealth of
Massachusetts to the extent not superseded by Federal law.

 24

Appendix

Salary
Continuation Schedule

	
  Chief Executive Officer

  	
   

  	
  36 month

  Severance Period*

  
	
   

  	
   

  	
   

  
	
  Executive Vice
  President and Chief Financial Officer, Senior Vice Presidents and Presidents
  of business whose annual revenue is $1.5 billion or more

  	
   

  	
  24 month

  Severance Period

  
	
   

  	
   

  	
   

  
	
  Any other Global
  Business Unit Presidents, any other Officer and any other Band 1 Eligible
  Employee

  	
   

  	
  18 month

  Severance Period

  

 

Bonus Payment Schedule

	
  Chief Executive Officer

  	
   

  	
  2.99x Annual Bonus

  
	
   

  	
   

  	
   

  
	
  Executive Vice
  President and Chief Financial Officer, Senior Vice Presidents and Presidents
  of business whose annual revenue is $1.5 billion or more

  	
   

  	
  2.0x Annual Bonus

  
	
   

  	
   

  	
   

  
	
  Any other Global
  Business Unit Presidents, any other Officer and any other Band 1 Eligible
  Employee

  	
   

  	
  1.5x Annual Bonus

  

 

*The total payments made during this 36-month Severance Period shall
not exceed 2.99 times the Chief Executive Officer’s base salary.

 25Exhibit
10.11

COVIDIEN
SUPPLEMENTAL SAVINGS

AND RETIREMENT PLAN

Adopted
by Tyco Healthcare Group LP

as of June 29, 2007

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE I

  	
  PURPOSE

  	
   

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  1.1

  	
  Supplemental Savings and Retirement Plan

  	
   

  	
  1

  
	
  1.2

  	
  Benefits Under the Tyco SSRP and the Plan

  	
   

  	
  1

  
	
  1.3

  	
  Deferred Compensation Plan

  	
   

  	
  1

  
	
  1.4

  	
  Transferred Participant Elections under the Tyco
  SSRP

  	
   

  	
  2

  
	
  1.5

  	
  Compliance with Code Section 409A

  	
   

  	
  2

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  DEFINITIONS

  	
   

  	
  2

  
	
   

  	
   

  	
   

  	
   

  
	
  2.1

  	
  Account

  	
   

  	
  2

  
	
  2.2

  	
  Affiliated Company

  	
   

  	
  2

  
	
  2.3

  	
  Base Salary

  	
   

  	
  3

  
	
  2.4

  	
  Base Salary Deferral

  	
   

  	
  3

  
	
  2.5

  	
  Beneficiary(ies)

  	
   

  	
  3

  
	
  2.6

  	
  Board

  	
   

  	
  3

  
	
  2.7

  	
  Bonus Compensation

  	
   

  	
  3

  
	
  2.8

  	
  Bonus Compensation Deferral

  	
   

  	
  3

  
	
  2.9

  	
  Cause

  	
   

  	
  3

  
	
  2.10

  	
  Change of Control

  	
   

  	
  3

  
	
  2.11

  	
  Code

  	
   

  	
  4

  
	
  2.12

  	
  Company

  	
   

  	
  5

  
	
  2.13

  	
  Company Credit

  	
   

  	
  5

  
	
  2.14

  	
  Compensation

  	
   

  	
  5

  
	
  2.15

  	
  Compensation Deferral

  	
   

  	
  5

  
	
  2.16

  	
  Covidien

  	
   

  	
  5

  
	
  2.17

  	
  Disability

  	
   

  	
  5

  
	
  2.18

  	
  Discretionary Credit

  	
   

  	
  6

  
	
  2.19

  	
  Effective Date

  	
   

  	
  6

  
	
  2.20

  	
  Eligible Employee

  	
   

  	
  6

  
	
  2.21

  	
  Enrollment and Payment Agreement

  	
   

  	
  6

  
	
  2.22

  	
  Exchange Act

  	
   

  	
  6

  
	
  2.23

  	
  Fiscal Year

  	
   

  	
  6

  
	
  2.24

  	
  In-Service Payment

  	
   

  	
  6

  
	
  2.25

  	
  Matching Credit

  	
   

  	
  6

  
	
  2.26

  	
  Maximum Matching Percentage

  	
   

  	
  7

  
	
  2.27

  	
  Measurement Funds

  	
   

  	
  7

  
	
  2.28

  	
  Participant

  	
   

  	
  7

  
	
  2.29

  	
  Plan

  	
   

  	
  7

  
	
  2.30

  	
  Plan Administrator

  	
   

  	
  7

  
	
  2.31

  	
  Plan Year

  	
   

  	
  7

  
	
  2.32

  	
  Responsible Company

  	
   

  	
  7

  
	
  2.33

  	
  Retirement

  	
   

  	
  7

  
	
  2.34

  	
  RSIP

  	
   

  	
  7

  
	
  2.35

  	
  RSIP Election

  	
   

  	
  8

  
	
  2.36

  	
  Separation

  	
   

  	
  8

  
					

 

 i
 

 

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  2.37

  	
  Spillover Deferrals

  	
   

  	
  8

  
	
  2.38

  	
  Termination Date

  	
   

  	
  8

  
	
  2.39

  	
  Termination Payment

  	
   

  	
  8

  
	
  2.40

  	
  Tyco SSRP

  	
   

  	
  8

  
	
  2.41

  	
  Year of Service

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  ADMINISTRATION

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  3.1

  	
  Plan Administrator

  	
   

  	
  8

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  ELIGIBILITY FOR PARTICIPATION

  	
   

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  4.1

  	
  Current Participants

  	
   

  	
  9

  
	
  4.2

  	
  Future Employees

  	
   

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  BASIC DEFERRAL PARTICIPATION

  	
   

  	
  9

  
	
   

  	
   

  	
   

  	
   

  
	
  5.1

  	
  Election to Participate

  	
   

  	
  9

  
	
  5.2

  	
  Amount of Deferral Election

  	
   

  	
  10

  
	
  5.3

  	
  Deferral Limits

  	
   

  	
  10

  
	
  5.4

  	
  Period of Commitment

  	
   

  	
  10

  
	
  5.5

  	
  Change of Status

  	
   

  	
  10

  
	
  5.6

  	
  Vesting of Compensation Deferrals

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  SPILLOVER PARTICIPATION/MATCHING, COMPANY AND
  DISCRETIONARY CREDITS

  	
   

  	
  10

  
	
   

  	
   

  	
   

  	
   

  
	
  6.1

  	
  Spillover Election

  	
   

  	
  10

  
	
  6.2

  	
  Matching Credits

  	
   

  	
  11

  
	
  6.3

  	
  Company Credits

  	
   

  	
  11

  
	
  6.4

  	
  Discretionary Credits

  	
   

  	
  12

  
	
  6.5

  	
  Vesting of Matching, Company and Discretionary
  Credits

  	
   

  	
  12

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  PARTICIPANT ACCOUNT

  	
   

  	
  12

  
	
   

  	
   

  	
   

  	
   

  
	
  7.1

  	
  Establishment of Account

  	
   

  	
  12

  
	
  7.2

  	
  Earnings (or Losses) on Account

  	
   

  	
  13

  
	
  7.3

  	
  Valuation of Account

  	
   

  	
  13

  
	
  7.4

  	
  Statement of Account

  	
   

  	
  13

  
	
  7.5

  	
  Payments from Account

  	
   

  	
  13

  
	
  7.6

  	
  Separate Accounting

  	
   

  	
  13

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE VIII

  	
  PAYMENTS TO PARTICIPANTS

  	
   

  	
  14

  
	
   

  	
   

  	
   

  	
   

  
	
  8.1

  	
  Annual Election

  	
   

  	
  14

  
	
  8.2

  	
  Change in Election

  	
   

  	
  14

  
					

 

 ii
 

 

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  8.3

  	
  Cash-Out Payments

  	
   

  	
  14

  
	
  8.4

  	
  Death or Disability Benefit

  	
   

  	
  15

  
	
  8.5

  	
  Valuation of Payments

  	
   

  	
  15

  
	
  8.6

  	
  Unforeseeable Emergency

  	
   

  	
  15

  
	
  8.7

  	
  Withholding Taxes

  	
   

  	
  15

  
	
  8.8

  	
  Effect of Payment

  	
   

  	
  15

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
  CLAIMS PROCEDURES

  	
   

  	
  16

  
	
   

  	
   

  	
   

  	
   

  
	
  9.1

  	
  Filing a Claim

  	
   

  	
  16

  
	
  9.2

  	
  Appeal of Denied Claims

  	
   

  	
  17

  
	
  9.3

  	
  Claim Limitation Period.

  	
   

  	
  18

  
	
  9.4

  	
  Legal Action

  	
   

  	
  19

  
	
  9.5

  	
  Discretion of the Plan Administrator

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
  MISCELLANEOUS

  	
   

  	
  19

  
	
   

  	
   

  	
   

  	
   

  
	
  10.1

  	
  Protective Provisions

  	
   

  	
  19

  
	
  10.2

  	
  Inability to Locate Participant or Beneficiary

  	
   

  	
  19

  
	
  10.3

  	
  Designation of Beneficiary

  	
   

  	
  19

  
	
  10.4

  	
  No Contract of Employment

  	
   

  	
  19

  
	
  10.5

  	
  No Limitation on Company Actions

  	
   

  	
  20

  
	
  10.6

  	
  Obligations to Company

  	
   

  	
  20

  
	
  10.7

  	
  No Liability for Action or Omission

  	
   

  	
  20

  
	
  10.8

  	
  Nonalienation of Benefits

  	
   

  	
  20

  
	
  10.9

  	
  Liability for Benefit Payments

  	
   

  	
  20

  
	
  10.10

  	
  Covidien Guarantee

  	
   

  	
  21

  
	
  10.11

  	
  Unfunded Status of Plan

  	
   

  	
  21

  
	
  10.12

  	
  Forfeiture for Cause

  	
   

  	
  21

  
	
  10.13

  	
  Governing Law

  	
   

  	
  21

  
	
  10.14

  	
  Severability of Provisions

  	
   

  	
  21

  
	
  10.15

  	
  Headings and Captions

  	
   

  	
  22

  
	
  10.16

  	
  Gender, Singular and Plural

  	
   

  	
  22

  
	
  10.17

  	
  Notice

  	
   

  	
  22

  
	
  10.18

  	
  Amendment and Termination

  	
   

  	
  22

  
	
  10.19

  	
  Delay of Payment for Specified Employees

  	
   

  	
  22

  
	
  10.20

  	
  Special Rule Regarding Election Changes in 2005,
  2006 and 2007

  	
   

  	
  22

  
					

 

 iii

COVIDIEN
SUPPLEMENTAL SAVINGS AND

RETIREMENT PLAN

ARTICLE I

Purpose

1.1                                 Supplemental
Savings and Retirement Plan. The name of this plan is the Covidien
Supplemental Savings and Retirement Plan. 
The Plan is effective as of and contingent upon the Separation and was
created as a spin-off from and a continuation of the Tyco Supplemental Savings
and Retirement Plan (“Tyco SSRP”) with respect to the Accounts of certain
Participants who are aligned with the Tyco Healthcare business unit in
conjunction with the separation of Covidien Ltd. and its underlying
subsidiaries from the Tyco International Ltd. controlled group of corporations
(the “Separation”).  This Separation
results from a transaction whereby the public shareholders of Tyco
International Ltd. (“TIL”) will be issued stock dividends consisting of the
common stock of Tyco Electronics Ltd. and Covidien Ltd., as described in Forms
10 filed with the SEC by Tyco Electronics Ltd. and Covidien Ltd. on January 18,
2007.  The Plan was also created to
provide certain of the key employees of the Company and the key employees of
its parents, subsidiaries and affiliates with the ability to defer receipt of
compensation that would otherwise be payable to them and to make up for amounts
that could not be contributed on their behalf as matching contributions under
the Covidien Retirement Savings and Investment Plan due to certain restrictions
applicable under the Internal Revenue Code of 1986, as amended.

1.2                                 Benefits
Under the Tyco SSRP and the Plan. 
With respect to each Participant (or Beneficiary, as applicable) who participated
in the Tyco SSRP prior to the Separation and who was aligned with the Tyco
Healthcare business unit, Tyco International Management Company shall transfer
from the Tyco SSRP to such Participant’s or Beneficiary’s Account under the
Plan an amount equal to the value of the notional accounts credited to the
Participant or Beneficiary under the Tyco SSRP immediately prior to such
transfer.  The transfer of the value of such
notional accounts pursuant to this paragraph shall be in lieu of maintaining
such credits and liabilities under the Tyco SSRP and such transfer shall occur as
of, and is contingent upon, the Separation.

Benefits for any
Participant or Beneficiary that were credited under the Tyco SSRP prior to the
Effective Date and which were transferred to this Plan will be determined in
accordance with the provisions of the Tyco SSRP, but paid in accordance with
this Plan, unless modifications to such transferred benefits are specifically
provided by a subsequent amendment to this Plan.  Benefits credited on and after the Effective
Date shall be determined in accordance with the provisions of this Plan.

1.3                                 Deferred
Compensation Plan.  The Company
intends that the Plan shall at all times be maintained on an unfunded basis for
federal income tax purposes under the Code, and administered as a
non-qualified, “top hat” plan exempt from the substantive requirements of the
Employee Retirement Income Security Act of 1974, as amended (“ERISA”).  The provisions of this Plan shall apply to
Base Salary Deferrals, Bonus 

 1
 

Compensation Deferrals, Spillover Deferrals, Matching
Credits, Company Credits and Discretionary Credits and to any earnings credited
thereon.

1.4                                 Transferred
Participant Elections under the Tyco SSRP. 
The Accounts of Participants and Beneficiaries that are transferred to
the Plan from the Tyco SSRP in conjunction with the Separation (“Transferred
Participants”) shall be subject to certain special terms and conditions as
follows:

(a)                                  Beneficiary
Designation.  Absent an affirmative
election to the contrary, a Transferred Participant’s election to designate a
beneficiary(ies) under the Tyco SSRP shall be deemed to be an election to
designate the same beneficiary(ies) under the Plan.

(b)                                 Enrollment
and Payment Agreement.  A Transferred
Participant’s Enrollment and Payment Agreement under the Tyco SSRP prior to the
Effective Date (i) shall be deemed to be an election to make Compensation
Deferrals under the Plan, (ii) shall be deemed to be an election as to the
timing and form of distribution for amounts relating to the applicable
Enrollment and Payment Agreement, and (iii) shall be deemed to be an election
to allocate his or her Account to certain Measurement Funds under the Plan, as
provided in Section 7.2 of the Plan.

(c)                                  Deferral
Elections for 2007.  Irrevocable
Compensation Deferral elections made under the Tyco SSRP for the 2007 Plan Year
shall be deemed to be elections to make irrevocable Compensation Deferrals
under the Plan for the 2007 Plan Year.

1.5                                 Compliance
with Code Section 409A.  The terms of
this Plan are intended to, and shall be interpreted and applied so as to,
comply in all respects with the provisions of Code Section 409A and regulations
and rulings thereunder.

ARTICLE II

Definitions

For ease of
reference, the following definitions will be used in the Plan:

2.1                                 Account.  “Account” means the bookkeeping account
maintained on the books of the Company used solely to calculate the amount
payable to each Participant who defers Compensation under this Plan or is
otherwise entitled to a benefit under Article VI and shall not constitute a
separate fund of assets.  The term “Account”
includes the value of amounts transferred from the Tyco SSRP in conjunction
with the Separation.

2.2                                 Affiliated
Company.  “Affiliated Company” shall
mean. (a) a corporation which, together with the Company, is a member of a
controlled group of corporations (as defined in Section 414(b) of the Code),
(b) a trade or business (whether or not incorporated) which is under common
control (as defined in Section 414(c) of the Code) with Covidien, (c) a corporation,
partnership or other entity which, together with 

 2
 

Covidien, is a member of an affiliated service group
(as defined in Section 414(m) of the Code), or (d) an organization which is
required to be aggregated with Covidien pursuant to regulations promulgated
under Section 414(o) of the Code.

2.3                                 Base
Salary.  “Base Salary” means the
annual rate of base salary paid to each Participant as of any date of reference
before any reduction for any amounts
deferred by the Participant pursuant to Section 401(k) or Section 125 of the
Code, or pursuant to this Plan or any other non-qualified plan which permits
the voluntary deferral of compensation.

2.4                                 Base
Salary Deferral.  “Base Salary
Deferral” means that portion of Base Salary as to which a Participant has made
an election to defer receipt pursuant to Article V.

2.5                                 Beneficiary(ies).  “Beneficiary” or “Beneficiaries” means the
person or persons designated by the Participant to receive payments under this
Plan in the event of the Participant’s death as provided in Section 10.3.

2.6                                 Board.  “Board” means the Board of Directors of Covidien.

2.7                                 Bonus
Compensation.  “Bonus Compensation”
means any annual performance-based cash bonus or incentive compensation payable
to a Participant as of any date of reference before
any reduction for any amounts deferred by the Participant pursuant to Section
401(k) or Section 125 of the Code, or pursuant to this Plan or any other
non-qualified plan which permits the voluntary deferral of compensation.  Bonus Compensation shall not include any
special or one-time bonus payment or any amount paid under any equity incentive
plan.

2.8                                 Bonus
Compensation Deferral.  “Bonus
Compensation Deferral” means that portion of Bonus Compensation as to which a
Participant has made an election to defer receipt pursuant to Article V.

2.9                                 Cause.  “Cause” means a Participant’s (i) substantial
failure or refusal to perform duties and responsibilities of his or her job as
required by the Company, (ii) violation of any fiduciary duty owed to the
Company, (iii) conviction of a felony or misdemeanor, (iv) dishonesty, (v)
theft, (vi) violation of Company rules or policy, or (vii) other egregious
conduct, that has or could have a serious and detrimental impact on the Company
and its employees.  The Plan
Administrator, in its sole and absolute discretion, shall determine Cause.  Examples of “Cause” may include, but are not
limited to, excessive absenteeism, misconduct, insubordination, violation of
Company policy, dishonesty, and deliberate unsatisfactory performance (e.g.,
Employee refuses to improve deficient performance).

2.10                           Change
of Control.  “Change of Control”
means any of the following events:

(a)                                  any
“person” (as defined in Sections 13(d) and 14(d) of the Exchange Act),
excluding for this purpose (i) Covidien or any subsidiary company (wherever
incorporated) of Covidien as defined by Section 86 of the 

 3
 

Companies Act 1981 of
Bermuda, as amended (a “Subsidiary”) and (ii) any employee benefit plan of Covidien
or any Subsidiary (or any person or entity organized, appointed or established
by Covidien for or pursuant to the terms of any such plan that acquires
beneficial ownership of voting securities of Covidien), is or becomes the “beneficial
owner” (as defined in Rule 13d-3 under the Exchange Act) directly or indirectly
of securities of Covidien representing more than 30% of the combined voting
power of Covidien’s then-outstanding securities; provided, however, that no Change
of Control will be deemed to have occurred as a result of a change in ownership
percentage resulting solely from an acquisition of securities by Covidien;

(b)                                 persons
who, as of the Amendment Effective Date, constitute the Board (the “Incumbent
Directors”) cease for any reason (including without limitation, as a result of
a tender offer, proxy contest, merger or similar transaction) to constitute at
least a majority thereof, provided that any person becoming a Director of Covidien
subsequent to the Amendment Effective Date shall be considered an Incumbent
Director if such person’s election or nomination for election was approved by a
vote of at least 50% of the Incumbent Directors; but provided further that any
such person whose initial assumption of office is in connection with an actual
or threatened proxy contest relating to the election of members of the Board or
other actual or threatened solicitation of proxies or consents by or on behalf
of a “person” (as defined in Sections 13(d) and 14(d) of the Exchange Act)
other than the Board, including by reason of agreement intended to avoid or
settle any such actual or threatened contest or solicitation, shall not be
considered an Incumbent Director;

(c)                                  consummation
of a reorganization, merger or consolidation or sale or other disposition of at
least 80% of the assets of Covidien (a “Business Combination”), in each case,
unless, following such Business Combination, all or substantially all of the
individuals and entities who were the beneficial owners of outstanding voting
securities of Covidien immediately prior to such Business Combination
beneficially own directly or indirectly more than 50% of the combined voting
power of the then-outstanding voting securities entitled to vote generally in
the election of directors, as the case may be, of the company resulting from
such Business Combination (including, without limitation, a company which, as a
result of such transaction, owns Covidien or all or substantially all of Covidien’s
assets either directly or through one or more Subsidiaries) in substantially
the same proportions as their ownership, immediately prior to such Business
Combination, of the outstanding voting securities of Covidien; or

(d)                                 approval
by the stockholders of Covidien of a complete liquidation or dissolution of Covidien.

2.11                           Code.  “Code” means the Internal Revenue Code of
1986, as amended (and any regulations thereunder).

 4
 

2.12                           Company.  “Company” means Tyco Healthcare Group LP, a
Delaware limited partnership, and its parents, subsidiaries, affiliates and
successors (excluding any parent, subsidiary or affiliate that has not been
approved by the Company for participation in this Plan).  Where the context so requires, “Company” used
in reference to a Participant means the specific entity that is part of the
Company as defined herein that employs the Participant at any relevant time.

2.13                           Company
Credit.  “Company Credit” means an
amount credited by the Company for the benefit of a Participant pursuant to
Section 6.3.

2.14                           Compensation.  “Compensation” means an Eligible Employee’s
(i) Base Salary as in effect from time to time during a Plan Year, (ii)
Commission Compensation earned during a Plan Year and (iii) Bonus Compensation
earned for an applicable Fiscal Year. 
For purposes of determining a Participant’s Company Credits under
Section 6.3 and Discretionary Credits under Section 6.4 for any Plan Year,
Compensation shall include only Base Salary, Bonus Compensation and Commission
Compensation actually paid to the Participant during such Plan Year.  Moreover, for purposes of Spillover Deferral
elections under Section 6.1, Compensation shall not include Commission
Compensation.  In no event shall any of
the following items be treated as Compensation hereunder: (i) payments from
this Plan or any other Company nonqualified deferred compensation plan; (ii)
income from the exercise of nonqualified stock options or from the
disqualifying disposition of incentive stock options, or realized upon vesting
of restricted stock or the delivery of shares in respect of restricted stock
units (or other similar items of income related to equity compensation grants
or exercises); (iii) reimbursement for moving expenses or other relocation
expenses; (iv) mortgage interest differentials; (v) payment for reimbursement
of taxes; (vi) international assignment premiums, allowances or other
reimbursements; or (vii) any other payments as determined by the Plan
Administrator in its sole discretion.

2.15                           Compensation
Deferral.  “Compensation Deferral”
means that portion of Compensation as to which a Participant has made an annual
irrevocable election to defer receipt pursuant to Article V or Section
6.1.  A Participant’s Compensation
Deferral may consist of Base Salary Deferrals, Bonus Compensation Deferrals,
Spillover Deferrals, or a combination thereof, as applicable to the
Participant.

2.16                           Covidien.  “Covidien” means Covidien Ltd., a Bermuda
corporation.

2.17                           Disability.  “Disability” means that a Participant either
(i) is unable to engage in any substantial gainful activity by reason of any
medically determinable physical or mental impairment which can be expected to
result in death or can be expected to last for a continuous period of not less
than 12 months, or (ii) by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, is receiving (and has
received for at least three months) income replacement benefits under any
Company-sponsored disability benefit plan. 
A Participant who has been determined to be eligible for Social Security
disability benefits shall be presumed to have a Disability as defined herein.

 5
 

2.18                           Discretionary
Credit.  “Discretionary Credit” means
any amount credited to a Participant’s Account under Section 6.4.

2.19                           Effective
Date.  “Effective Date” means the
original effective date of the Plan, which is as of and contingent upon the
Separation.

2.20                           Eligible
Employee.  “Eligible Employee” for
all purposes under this Plan other than eligibility for a Company Credit under
Section 6.3 includes any employee of the Company who is (i) a U.S. citizen or a
resident alien permanently assigned to work in the United States, (ii) paid on
the United States payroll (other than Puerto Rico), (iii) either (a) subject to
the requirements of Section 16(a) of the Exchange Act, (b) included in career
bands 1-3 of the Company’s pay scale, or (c) included in career band 4 of the
Company’s pay scale and nominated by the Company for participation in this
Plan, (iv) paid a Base Salary for a relevant Plan Year that exceeds the “highly
compensated employee” dollar threshold under Code Section 414(q)(1)(B) for such
year and (v) has management responsibility. 
Solely for purposes of determining eligibility for Company Credits under
Section 6.3, “Eligible Employee” includes any employee of the Company who meets
the requirements set forth in (i) and (ii) above and who, for a relevant Plan
Year, is paid Compensation in excess of the limitation on includible compensation
under Section 401(a)(17) of the Code. 
Notwithstanding the foregoing, employees eligible to participate in any “Non-U.S.
Covidien Retirement Plan” shall not be Eligible Employees for purposes of the
Plan.  A “Non-U.S. Covidien Retirement
Plan” is defined as any pension or retirement plan, program or scheme
established outside the United States of America that is either sponsored by a
non-US Covidien Affiliated Company or is mandated by a governmental body or
under the terms of a bargaining agreement and shall include any termination or
retirement indemnity program and the national social security arrangements in
Italy, Portugal and Spain, but shall exclude national social security
arrangements in any other country.

2.21                           Enrollment
and Payment Agreement.  “Enrollment
and Payment Agreement” means the authorization form that an Eligible Employee
files with the Plan Administrator to elect a Compensation Deferral under the
Plan for a Plan Year, and/or to elect the timing and form of distribution for
Company Credits or Discretionary Credits for a Plan Year.  An Enrollment and Payment Agreement may be
filed in any form so designated by the Plan Administrator, including
electronically.

2.22                           Exchange
Act.  “Exchange Act” means the
Securities Exchange Act of 1934, as amended.

2.23                           Fiscal
Year.  “Fiscal Year” means the
Company’s fiscal year, which is the 52- or 53-week period ending on the last
Friday of each September.

2.24                           In-Service
Payment.  “In-Service Payment” has
the meaning set forth in Section 8.1.

2.25                           Matching
Credit.  “Matching Credit” means an
amount credited to a Participant’s Account under Section 6.2.

 6
 

2.26                           Maximum
Matching Percentage.  “Maximum Matching Percentage” for any Plan
Year means the maximum matching contribution percentage available under the
RSIP for such Plan Year for an individual who has the same Years of Service as
the Participant (disregarding any limit on the amount of matching contributions
to the RSIP imposed as a result of the operation of the limitations in Section
401(a)(17), Section 402(g) or Section 415(c) of the Code).

2.27                           Measurement
Funds.  “Measurement Funds” means one
or more of the independently established funds or indices that are identified
by the Plan Administrator.  These
Measurement Funds are used solely to calculate the earnings that are credited
to each Participant’s Account(s) in accordance with Article VII below, and do
not represent any beneficial interest on the part of the Participant in any
asset or other property of the Company. 
The determination of the increase or decrease in the performance of each
Measurement Fund shall be made by the Plan Administrator in its reasonable
discretion.  Measurement Funds may be
replaced, new funds may be added, or both, from time to time in the discretion
of the Plan Administrator; provided that if the Measurement Funds hereunder
correspond with funds available for investment under the RSIP, then, unless the
Plan Administrator otherwise determines in its discretion, any addition,
removal or replacement of investment funds under the RSIP shall automatically
result in a corresponding change to the Measurement Funds hereunder.

2.28                           Participant.  “Participant” means any employee who
satisfies the eligibility requirements and has an Account set forth in Article
IV or a former employee who has an Account that is not fully distributed.  In the event of the death or incompetency of
a Participant, the term means his or her personal representative or guardian.

2.29                           Plan.  “Plan” means this Plan, entitled the Covidien
Supplemental Savings and Retirement Plan, as amended from time to time
hereafter.

2.30                           Plan
Administrator.  “Plan Administrator”
means the Retirement Administrative Committee appointed in accordance with the
Covidien Ltd. Governance Structure to manage and administer the Plan (or, where
the context so requires, any delegate of the Plan Administrator).

2.31                           Plan
Year.  “Plan Year” means the 12 month
period beginning on each January 1 and ending on the following December 31.

2.32                           Responsible
Company.  “Responsible Company” has
the meaning assigned to that term in Section 10.9.

2.33                           Retirement.  “Retirement” means termination of Company
employment (other than for Cause) (i) after attaining age 55 and (ii) with a
combination of age and Years of Service at termination totaling at least 60.

2.34                           RSIP.  “RSIP” means the Covidien Retirement Savings
and Investment Plan (or its immediate predecessor or any successor plan if the
context so indicates) applicable to a Participant.

 7
 

2.35                           RSIP
Election.  “RSIP Election” means the
percentage of the Participant’s compensation that he or she has elected to
contribute on a pre-tax basis to the RSIP for a Plan Year, determined at the
beginning of such Plan Year.

2.36                           Separation.  “Separation” means a transaction whereby the
public shareholders of Tyco International Ltd. will be issued stock dividends
consisting of the common stock of Tyco Electronics Ltd. and Covidien Ltd., as
described in Forms 10 filed with the SEC by Tyco Electronics Ltd. and Covidien
Ltd. on January 18, 2007.  As a result of
the transaction, Covidien Ltd. and its underlying subsidiaries will no longer
be an Affiliated Company with respect to Tyco International Ltd.  The Separation occurred on June 29, 2007.

2.37                           Spillover
Deferrals.  “Spillover Deferrals”
means Compensation Deferrals credited to the Account of a Participant as a
result of an election made for a Plan Year by such Participant in accordance
with the terms of Section 6.1.

2.38                           Termination
Date.  “Termination Date” means the
last day of a Participant’s active employment with the Company and all
Affiliated Companies without regard to any compensation continuation
arrangement, as determined by the Plan Administrator in its sole discretion and
shall be determined in accordance with the provisions of Treasury Regulations
Section 1.409A-1(h)(1)(ii).  A
Participant who terminates active employment with the Company during a Plan
Year, and thereafter resumes active employment with the Company or an
Affiliated Company prior to the beginning of the next Plan Year, shall not be
deemed to have had a Termination Date hereunder with respect to the first
employment termination.

2.39                           Termination
Payment.  “Termination Payment” has
the meaning set forth in Section 8.1.

2.40                           Tyco
SSRP.  “Tyco SSRP” means the Tyco
Supplemental Savings and Retirement Plan in effect on the Separation.

2.41                           Year
of Service.  “Year of Service” means
a Year of Service as determined under the RSIP.

ARTICLE III

Administration

3.1                                 Plan
Administrator.  The Plan shall be
administered by the Plan Administrator, which shall have full discretionary
power and authority to interpret the Plan; to prescribe, amend and rescind any
rules, forms and procedures as it deems necessary or appropriate for the proper
administration of the Plan; and to make any other determinations, including
factual determinations, and take such other actions as it deems necessary or
advisable in carrying out its duties under the Plan.

 8
 

ARTICLE IV

Eligibility for Participation

4.1                                 Current
Participants.  Any Eligible Employee
who (i) elected to make Compensation Deferrals under Section 5.1 or 6.1 under
the Tyco SSRP effective for the 2007 Plan Year or (ii) is entitled to a Company
Credit or a Discretionary Credit for the Plan Year which contains the Effective
Date shall be deemed a Participant as of the Effective Date.  An individual who is not otherwise an
Eligible Employee as of the Effective Date but who has an Account transferred
to this Plan from the Tyco SSRP shall also be deemed a Participant as of the Effective
Date.  An individual shall remain a
Participant until that individual has received full payment of all amounts
credited to the Participant’s Account.

4.2                                 Future
Employees.  Any future Eligible
Employee will be eligible to become a Participant for the first full pay period
following the date on which he makes an initial election to participate
(subject to any limitations set forth herein).

ARTICLE V

Basic Deferral Participation

5.1                                 Election
to Participate.  An Eligible Employee
may elect, by filing an Enrollment and Payment Agreement with the Plan
Administrator, a Compensation Deferral with respect to (i) Base Salary payable
in a Plan Year and (ii) Bonus Compensation earned for the Fiscal Year that ends
within the Plan Year and payable after the close of such Fiscal Year.  Enrollment and Payment Agreements for all
such Compensation Deferrals for a Plan Year (or the Fiscal Year that ends in
such Plan Year) must be filed with the Plan Administrator on or before the
November 30 immediately preceding the first day of such Plan Year unless otherwise
permitted by the Plan Administrator in its sole discretion (but in such case,
in no event later than the December 31 immediately preceding the first day of
such Plan Year).  An individual who first
becomes an Eligible Employee in any Plan Year may file an initial partial-year
Enrollment and Payment Agreement, no later than 30 days after first becoming an
Eligible Employee, which shall be applicable to Base Salary payable for the
remainder of such Plan Year (but only for pay periods following the filing of
such election).  An individual who first
becomes an Eligible Employee on or after December 1 of any Plan Year but prior
to December 31 of such Plan Year may file an initial Enrollment and Payment
Agreement, no later than such December 31, which shall be applicable to Base
Salary for the next Plan Year and/or Bonus Compensation earned for the Fiscal
Year that ends within the next Plan Year and payable after the close of such
Fiscal Year.

Notwithstanding the foregoing, if an Eligible Employee
attempts to file an Enrollment and Payment Agreement election or take any other
related action and is unable to do so due to administrative error, or if an
Eligible Employee’s Enrollment and Payment Agreement election is not
appropriately processed due to administrative error, the Plan Administrator
may, in its discretion, permit the error to be corrected by allowing the
Eligible Employee to make a new Enrollment and Payment Agreement election.  

 9
 

Such election shall only be allowed to the extent permitted under Code
Section 409A and the regulations and rulings promulgated thereunder.

5.2                                 Amount
of Deferral Election.  Pursuant to
each Enrollment and Payment Agreement for a Plan Year a Participant shall
irrevocably elect to defer as a whole percentage (i) up to 50% of his or her
Base Salary for the applicable Plan Year (or remainder of the Plan Year, as the
case may be); and/or (ii) up to 100% of his or her Bonus Compensation (net of
required withholding) for the applicable Fiscal Year.

5.3                                 Deferral
Limits.  The Plan Administrator may
change the minimum or maximum deferral percentages from time to time.  Any such limits shall be communicated by the
Plan Administrator prior to the due date for the Enrollment and Payment
Agreement.  Amounts deferred under this
Plan will not constitute compensation for any Company-sponsored qualified
retirement plan.

5.4                                 Period
of Commitment.  A Participant’s
Enrollment and Payment Agreement as to a Compensation Deferral shall remain in
effect only for the immediately succeeding Plan or Fiscal Year (or the
remainder of the current year, as applicable), unless otherwise allowed by the
Plan Administrator in its sole discretion.

5.5                                 Change
of Status.  If the Plan
Administrator, in its sole discretion, determines that the Participant no
longer qualifies as an Eligible Employee, the Participant’s most recent
Compensation Deferral shall terminate with respect to compensation earned after
the effective date of such determination, and the employee shall thereafter be
prohibited from making Compensation Deferrals unless otherwise determined by
the Plan Administrator in its sole discretion.

5.6                                 Vesting
of Compensation Deferrals. 
Compensation Deferrals, and earnings credited thereon, shall be 100%
vested at all times (subject to Section 10.12).

ARTICLE VI

Spillover Participation/Matching, Company and Discretionary Credits

6.1                                 Spillover
Election.  Any Eligible Employee may
elect to make Spillover Deferrals for a Plan Year.  Such election may be made by filing an
Enrollment and Payment Agreement with the Plan Administrator on or before the
November 30 immediately preceding the first day of such Plan Year unless
otherwise permitted by the Plan Administrator in its sole discretion (but in
such case, in no event later than the December 31 immediately preceding the
first day of such Plan Year).  Such
election shall be deemed an irrevocable commitment by such Participant to defer
hereunder a percentage of his or her periodic Compensation equal to the
Participant’s RSIP Election for such Plan Year, with such deferrals commencing
at the time the Participant’s pretax RSIP contributions are suspended for the
Plan Year as the result of the imposition of any limitation under applicable
law or any procedure established by the Plan Administrator in accordance with
applicable law and continuing for the remainder of the Plan Year; provided that
a Participant who elects to make Spillover Deferrals will be deemed to have 

 10
 

made a commitment to maintain his or her RSIP Election
in effect for the entire Plan Year (up to the time of such suspension) without
change.

Notwithstanding the foregoing, if an Eligible Employee
attempts to file an Enrollment and Payment Agreement election or take any other
related action and is unable to do so due to administrative error, or if an
Eligible Employee’s Enrollment and Payment Agreement election is not
appropriately processed due to administrative error, the Plan Administrator
may, in its discretion, permit the error to be corrected by allowing the
Eligible Employee to make a new Enrollment and Payment Agreement election.  Such election shall only be allowed to the
extent permitted under Code Section 409A and the regulations and rulings
promulgated thereunder.

6.2                                 Matching
Credits.  An Eligible Employee who
has elected to make Compensation Deferrals for a Plan Year shall receive
Matching Credits, equal to the Participant’s Maximum Matching Percentage
multiplied by (i) the dollar amount of the Participant’s Compensation Deferrals
under Section 5.1 for such Plan Year on Compensation up to the applicable
annual dollar limitation set forth in Section 401(a)(17) of the Code, and (ii)
the amount of Compensation for such Plan Year from which Spillover Deferrals
(if any) are made under Section 6.1 (disregarding any such Compensation that
exceeds the applicable annual dollar limitation set forth in Section 401(a)(17)
of the Code).  Matching Credits shall be
credited to a Participant’s Account at such time or times as may be determined
by the Plan Administrator in its sole discretion, but in no event less frequently
than annually.

6.3                                 Company
Credits.  A Participant who is an
Eligible Employee for purposes of this Section 6.3 for any Plan Year shall
receive Company Credits for such Plan Year in an amount equal to the
Participant’s Maximum Matching Percentage for such Plan Year multiplied by the
Participant’s Compensation in excess of the annual dollar limitation set forth
in Section 401(a)(17) of the Code for such Plan Year.  Company Credits shall be credited to a
Participant’s Account at such time or times as may be determined by the Plan
Administrator in its sole discretion, but in no event less frequently than
annually, as of the last day of a Plan Year. 
A Participant who has elected to make Compensation Deferrals for a Plan
Year, and who receives a Company Credit for such Plan Year, shall have the
portion of his or her Account attributable to such Company Credit, if vested,
distributed as specified in his or her Enrollment and Payment Agreement for
such Plan Year.  A Participant who has
not elected to make Compensation Deferrals for a Plan Year, but who receives a
Company Credit for such Plan Year (and has not previously received any Company
Credit under the Plan), shall file with the Plan Administrator an Enrollment
and Payment Agreement as soon as practicable (but no later than 30 days) after
becoming eligible for such Company Credit, electing the timing and form of
payment of the portion of the Participant’s Account attributable to such
Company Credit, if vested.  Such election
shall be deemed to apply also to any Company Credit received in any future Plan
Year for which the Participant does not have in effect an Enrollment and
Payment Agreement.  If such Participant
does not file an Enrollment and Payment Agreement by the date specified by the
Plan Administrator, he or she shall be deemed to have elected to have the
portion of his or her Account attributable to such Company Credit, and each
Company Credit received in a future Plan Year for which the 

 11
 

Participant does not have in effect an Enrollment and
Payment Agreement, paid (if vested) as an In-Service Payment in a single lump sum
in the fifth Plan Year following the Plan Year for which each such Company
Credit was received.

6.4                                 Discretionary
Credits.  A Participant who is an
Eligible Employee for any Plan Year may receive a Discretionary Credit for such
Plan Year.  Such credit shall be in such
amount as may be determined by the Company in its sole discretion, and shall be
credited to the Participant’s Account at such time or times as may be
determined by the Company in its sole discretion.  A Participant who has elected to make
Compensation Deferrals for a Plan Year, and who receives a Discretionary Credit
for such Plan Year, shall have the portion of his or her Account attributable
to such Discretionary Credit (if vested) distributed as specified in his or her
Enrollment and Payment Agreement for such Plan Year.  A Participant who has not elected to make
Compensation Deferrals for a Plan Year, but who receives a Discretionary Credit
for such Plan Year (and has not previously received any Discretionary Credit
under the Plan), shall file with the Plan Administrator an Enrollment and
Payment Agreement as soon as practicable (but no later than 30 days) after
becoming eligible for such Discretionary Credit, electing the timing and form
of payment of the portion of the Participant’s Account attributable to such
Discretionary Credit (if vested).  Such
election shall be deemed to apply also to any Discretionary Credit received in
any future Plan Year for which the Participant does not have in effect an
Enrollment and Payment Agreement.  If
such Participant does not file an Enrollment and Payment Agreement by the date
specified by the Plan Administrator, he or she shall be deemed to have elected
to have the portion of his or her Account attributable to such Discretionary
Credit, and each Discretionary Credit received in a future Plan Year for which
the Participant does not have in effect an Enrollment and Payment Agreement,
paid (if vested) as an In-Service Payment in a single lump sum in the fifth
Plan Year following the Plan Year for which each such Discretionary Credit was
received.

6.5                                 Vesting
of Matching, Company and Discretionary Credits.  The portion of a Participant’s Account
attributable to Matching Credits and Company Credits shall become 100% vested
upon the completion of three Years of Service (subject to Section 10.12).  The portion of a Participant’s Account
attributable to Matching Credits and Company Credits shall also become 100%
vested (i) if his or her employment terminates by reason of his or her death,
Disability or Retirement, or (ii) upon the occurrence of a Change of Control
(subject in each case to Section 10.12). 
The portion of a Participant’s Account attributable to Discretionary
Credits shall become 100% vested upon the date and/or upon the occurrence of
the event(s) specified by the Company in its sole discretion (subject to
Section 10.12).

ARTICLE VII

Participant Account

7.1                                 Establishment
of Account.  The Plan Administrator
shall establish and maintain an Account with respect to each Participant’s
annual Compensation Deferrals, Matching Credits, Company Credits, and/or
Discretionary Credits hereunder, as applicable, and amounts directly
transferred from the Tyco SSRP as of the Effective 

 12
 

Date, if any, on behalf of such Participant.  Compensation Deferrals pursuant to Section
5.1 and Spillover Deferrals pursuant to Section 6.1 shall be credited by the
Plan Administrator to the Participant’s Account as soon as practicable after
the date on which such Compensation would otherwise have been paid, in
accordance with the Participant’s election. 
The Participant’s Account shall be reduced by the amount of payments
made to the Participant or the Participant’s Beneficiary pursuant to this Plan and
by any forfeitures.

7.2                                 Earnings
(or Losses) on Account.  Participants
must designate, on an Enrollment and Payment Agreement or by such other means
as may be established by the Plan Administrator, the portion of the credits to
their Account that shall be allocated among the various Measurement Funds.  In default of such designation, credits to a
Participant’s Account shall be allocated to one or more default Measurement
Funds as determined by the Plan Administrator in its sole discretion.  A Participant’s Account shall be credited
with all deemed earnings (or losses) generated by the Measurement Funds, as
elected by the Participant, on each business day for the sole purpose of
determining the amount of earnings to be credited or debited to such Account as
if the designated balance of the Account had been invested in the applicable
Measurement Fund.  Notwithstanding that
the rates of return credited to a Participant’s Accounts are based upon the
actual performance of the corresponding Measurement Funds, the Company shall
not be obligated to invest any amount credited to a Participant’s Account under
this Plan in such Measurement Funds or in any other investment funds.  Upon notice to the Plan Administrator in the
manner it prescribes, a Participant may reallocate the Funds to which his or
her Account is deemed to be allocated.

7.3                                 Valuation
of Account.  The value of a
Participant’s Account as of any date shall equal the amounts theretofore
credited to such Account, including any earnings (positive or negative) deemed to
be earned on such Account in accordance with Section 7.2, less the amounts
theretofore deducted from such Account.

7.4                                 Statement
of Account.  The Plan Administrator
shall provide or make available to each Participant (including electronically),
not less frequently than quarterly, a statement in such form as the Plan
Administrator deems desirable setting forth the balance standing to the credit
of his or her Account.

7.5                                 Payments
from Account.  Any payment made to or
on behalf of a Participant from his or her Account in an amount which is less
than the entire balance of his or her Account shall be made pro rata from each
of the Measurement Funds to which such Account is then allocated.

7.6                                 Separate
Accounting.  If and to the extent
required for the proper administration of the vesting or payments provisions of
the Plan, the Plan Administrator may segregate a Participant’s Account into
subaccounts on the books and records of the Plan, all of which subaccounts
shall, together, constitute the Participant’s Account.

 13
 

ARTICLE VIII

Payments to Participants

8.1                                 Annual
Election.  Except as otherwise
provided in Section 6.3, 6.4, 8.3 or 8.4, any portion of the Participant’s
Account attributable to his or her Compensation Deferrals, vested Matching
Credits, vested Company Credits or vested Discretionary Credits for a Plan Year
shall be distributed as a payment to be made or to commence following the
Participant’s Termination Date (“Termination Payment”) or as a payment to be
made or to commence at a specified date, without reference to the Participant’s
termination of employment (an “In-Service Payment”).  Termination Payments and In-Service Payments
shall be made by one of the following methods, as elected by the Participant in
the Enrollment and Payment Agreement filed with the Plan Administrator for such
Plan Year: (i) one lump sum; or (ii) annual installments payable over a maximum
of 15  years. 
A Termination Payment shall be made, or shall commence, on or as soon as
practicable after March 1 of the year following the year in which the
Participant’s Termination Date occurs. 
An In-Service Payment shall be made, or shall commence, on or as soon as
practicable after March 1st of the payment year designated by the Participant
in the applicable Enrollment and Payment Agreement, which year shall be no
earlier than the fifth Plan Year following the Plan Year for which the initial
filing of the Enrollment and Payment Agreement was made with respect to that
In-Service Payment (provided, that if the Participant’s employment terminates
before the scheduled payment year for one or more In-Service Payments, and the
Participant is not reemployed before the last day of the year in which such
termination occurs, such payment shall instead be made, or shall commence, on
or as soon as practicable after March 1 of the year following the year in which
the Participant’s Termination Date occurs).

8.2                                 Change
in Election.  Subject to Section
10.20, a Participant may change the payment date and/or the form of an existing
In-Service Payment election for a Plan Year by filing a new payment election,
in the form specified by the Plan Administrator, at least 12 months prior to
the original payment date (in the case of installment payments, the date of the
first scheduled installment payment), provided that such new election delays
the payment year by at least five years from the original payment year, and
provided, further, that such change in election shall not be effective until 12
months from the date it is filed.  No
change in payment date or form of payment may be made with respect to a
Termination Payment once elected.  In
addition, a Participant’s reemployment following the commencement of
installment payments shall not cause any suspension or interruption in such
installment payments.

8.3                                 Cash-Out
Payments.  Notwithstanding any
election made under Section 8.1 or Section 8.2, if (i) the total value of the
Participant’s Account on the first day of the Plan Year following his or her
Termination Date is less than $5000, or (ii) the Participant’s termination is
due to voluntary resignation (other than Retirement or Disability), then the
Participant’s Account shall be paid to the Participant in one lump sum on or as
soon as practicable after March 1 of the year following the year in which the
Participant’s Termination Date occurs.

 14
 

8.4                                 Death
or Disability Benefit.  Upon the
death or Disability of a Participant, the Participant or the Participant’s
Beneficiary, as applicable, shall be paid the balance in his or her Account in
the form of a lump sum payment, with such payment to be made as soon as
practicable after the calendar quarter in which occurs such Participant’s death
or Disability.  Such payment shall be in
an amount equal to the value of the Participant’s Account of the last day of
the calendar quarter following the Participant’s death or Disability, with the
Measurement Funds being deemed to have been liquidated on that date to make the
payment.

8.5                                 Valuation
of Payments.  Any lump sum benefit
under Sections 8.1, 8.2 or 8.3 shall be payable in an amount equal to the value
of the Participant’s Account (or relevant portion thereof) as of the December
31 preceding the relevant payment date, with the Measurement Funds being deemed
to have been liquidated on that date to make the payment.  The first annual installment payment in a
series of installment payments shall be equal to (i) the value of the
Participant’s Account (or relevant portion thereof) as of the December 31
preceding the relevant payment date, with the Measurement Funds being deemed to
have been liquidated on that date to make the payment, divided by (ii) the
number of installment payments elected by the Participant.  The remaining installments shall be paid in
an amount equal to (a) the value of such Account (or relevant portion thereof)
as of the December 31 preceding the relevant payment date, with the Measurement
Funds being deemed to have been liquidated on that date to make the payment,
divided by (b) the number of remaining unpaid installment payments.

8.6                                 Unforeseeable
Emergency.  In the event that the
Plan Administrator, upon written request of a Participant, determines that the
Participant has suffered an “unforeseeable emergency” within the meaning of
Code Section 409A(a)(2)(B)(ii), the Participant shall be paid from that portion
of his or her Account resulting from Compensation Deferrals, as soon as
practicable following such determination, an amount necessary to meet the
emergency, after  deduction of any and all taxes
as may be required pursuant to Section 8.7 (but in no event to exceed the
maximum permitted amount determined under Code Section 409A(a)(2)(B)(ii)).

8.7                                 Withholding
Taxes.  The Company may make such
provisions and take such action as it may deem necessary or appropriate for the
withholding of any taxes which the Company is required by any law or regulation
of any governmental authority, whether federal, state or local, to withhold in
connection with any benefits under the Plan, including, but not limited to, the
withholding of appropriate sums from any amount otherwise payable to the
Participant (or his or her Beneficiary). 
Each Participant, however, shall be responsible for the payment of all
individual tax liabilities relating to any such benefits.

8.8                                 Effect
of Payment.  The full payment of the
applicable benefit under this Article VIII shall completely discharge all
obligations on the part of the Company to the Participant (and each
Beneficiary) with respect to the operation of this Plan, and the Participant’s
(and Beneficiary’s) rights under this Plan shall terminate.

 15
 

ARTICLE IX

Claims Procedures

9.1                                 Filing
a Claim.  Any controversy or claim
arising out of or relating to the Plan shall be filed in writing with the Plan
Administrator in accordance with the Plan Administrator’s procedures.  The Plan Administrator shall make all
determinations concerning such claim.  Any
decision by the Plan Administrator denying such claim shall be in writing using
language calculated to be understood by the Participant and shall be delivered
to the Participant or Beneficiary filing the claim (“Claimant”).

(a)                                  In
General.  Notice of a denial of
benefits (other than Disability benefits) will be provided within 90 days of
the Plan Administrator’s receipt of the Claimant’s claim for benefits. If the
Plan Administrator determines that it needs additional time to review the
claim, the Plan Administrator will provide the Claimant with a notice of the
extension before the end of the initial 90-day period. The extension will not
be more than 90 days from the end of the initial 90-day period and the notice
of extension will explain the special circumstances that require the extension
and the date by which the Plan Administrator expects to make a decision.

(b)                                 Disability
Benefits.  Notice of denial of
Disability benefits will be provided within 45 days of the Plan Administrator’s
receipt of the Claimant’s claim for Disability benefits (unless such period is
extended, as provided below).  If the
Plan Administrator determines that it needs additional time to review the
Disability claim, the 45-day period may be extended by the Plan Administrator
for up to 30 days.  The Plan
Administrator will provide the Claimant with a notice of the extension before
the end of the initial 45-day period.  If
the Plan Administrator determines that a decision cannot be made within the
first 30-day extension due to matters beyond the control of the Plan
Administrator, the period for making a determination may be further extended
for an additional 30 days.  If such an
additional extension is necessary, the Plan Administrator shall notify the
Claimant prior to the expiration of the initial 30-day extension.  Any notice of extension shall indicate the
circumstances necessitating the extension of time, the date by which the Plan
Administrator expects to furnish a notice of decision, the standards on which
entitlement to a benefit is based, the unresolved issues that prevent a
decision on the claim, and any additional information needed to resolve those
issues.  A Claimant will be provided a
minimum of 45 days to submit any necessary additional information to the Plan
Administrator.  In the event that a
30-day extension is necessary due to a Claimant’s failure to submit information
necessary to decide a claim, the period for furnishing a notice of decision
shall be tolled from the date on which the notice of the extension is sent to
the Claimant until the earlier of the date the Claimant responds to the request
for additional information or the response deadline.

(c)                                  Contents
of Notice.  If a claim for benefits
is completely or partially denied, notice of such denial shall include a
written explanation, using language calculated to be understood by the Participant.

 16
 

(i)                                     The
decision shall set forth (a) the specific reason or reasons for such denial,
(b) specific reference(s) to the relevant provision(s) of this Plan on which
such denial is based, (c) a description, where appropriate, as to how the
Claimant can perfect the claim, including a description of any additional
material or information necessary to complete the claim and why such material
or information is necessary, (d) the appropriate information as to the steps to
be taken if the Participant wishes to submit the claim for review, (e) the time
limits for requesting a review under Section 9.2, and (f) a statement of the Claimant’s
right to bring a civil action under Section 502(a) of ERISA following an
adverse decision on review.

(ii)                                  In
the case of a complete or partial denial of a Disability benefit claim, the
notice shall also provide a statement that the Plan Administrator will provide
to the Claimant, upon request and free of charge, a copy of any internal rule,
guideline, protocol, or other similar criterion that was relied upon in making
the decision.

9.2                                 Appeal
of Denied Claims.  A Claimant whose
claim has been completely or partially denied shall be entitled to appeal the
claim denial by filing a written appeal with the Plan Administrator within the
deadlines described below.  A Claimant
(or his or her authorized representative) who timely requests a review of the
denied claim may review, upon request and free of charge, copies of all
documents, records and other information relevant to the denial and may submit
written comments, documents, records and other information relevant to the
claim to the Plan Administrator.  All
written comments, documents, records, and other information shall be considered
“relevant” if the information (a) was relied upon in making a benefits
determination, (b) was submitted, considered or generated in the course of
making a benefits decision regardless of whether it was relied upon to make the
decision, or (c) demonstrates compliance with administrative processes and
safeguards established for making benefit decisions. The Plan Administrator
may, in its sole discretion and if it deems appropriate or necessary, decide to
hold a hearing with respect to the claim appeal.

(a)                                  In
General.  Appeal of a denied benefits
claim (other than a Disability benefits claim) must be filed in writing with
the Plan Administrator no later than 60 days after receipt of the written
notification of such claim denial.  The
Plan Administrator shall make its decision regarding the merits of the denied
claim within 60 days following receipt of the appeal (or within 120 days after
such receipt in a case where there are special circumstances requiring an extension
of time for reviewing the appealed claim). 
If an extension of time for reviewing the appeal is required, notice of
the extension shall be furnished to the Claimant prior to the commencement of
the extension. The notice will indicate the special circumstances requiring the
extension of time and the date by which the Plan Administrator expects to
render the determination on review.  The
review will take into account comments, documents, records and other information
submitted by the Claimant relating to the claim without regard to whether such
information was submitted or considered in the initial benefit determination.

 17
 

(b)                                 Disability
Benefits.  Appeal of a denied
Disability benefits claim must be filed in writing with the Plan Administrator
no later than 180 days after receipt of the notification of such claim
denial.  The review shall be conducted by
the Plan Administrator (exclusive of the person who made the initial adverse
decision or such person’s subordinate). 
In reviewing the appeal, the Plan Administrator shall (1) not afford
deference to the initial denial of the claim, (2) consult a medical
professional who has appropriate training and experience in the field of medicine
relating to the Claimant’s disability and who was neither consulted as part of
the initial denial nor is the subordinate of such individual, and (3) identify
the medical or vocational experts whose advice was obtained with respect to the
initial benefit denial, without regard to whether the advice was relied upon in
making the decision.  The Plan
Administrator shall make its decision regarding the merits of the denied claim
within 45 days following receipt of the appeal or within 90 days after such receipt,
in a case where there are special circumstances requiring an extension of time
for reviewing the appealed claim.  If an
extension of time for reviewing the appeal is required because of special
circumstances, written notice of the extension shall be furnished to the
Claimant prior to the commencement of the extension. The notice will indicate
the special circumstances requiring the extension of time and the date by which
the Plan Administrator expects to render the determination on review.  Following its review of any additional
information submitted by the Claimant, the Plan Administrator shall render a
decision on its review of the denied claim.

(c)                                  Contents
of Notice.  If a benefits claim is
completely or partially denied on review, notice of such denial shall set forth
the reasons for denial in language calculated to be understood by the
Participant.

(i)                                     The
decision on review shall set forth (a) the specific reason or reasons for the
denial, (b) specific reference(s) to the relevant provision(s) of this Plan on
which the denial is based, (c) a statement that the Claimant is entitled to
receive, upon request and free of charge, reasonable access to and copies of
all documents, records, or other information relevant (as defined above) to the
Claimant’s claim, and (d) a statement of the Claimant’s right to bring an
action under Section 502(a) of ERISA.

(ii)                                  For
the denial of a Disability benefit, the notice will also include a statement
that the Plan Administrator will provide, upon request and free of charge:  (a) any internal rule, guideline, protocol or
other similar criterion relied upon in making the decision, and (b) any medical
opinion relied upon to make the decision.

9.3                                 Legal
Action.  A Claimant may not bring any
legal action relating to a claim for benefits under the Plan unless and until
the Claimant has followed the claims procedures under the Plan and exhausted his
or her administrative remedies under such claims procedures.

 18
 

9.4                                 Discretion
of the Plan Administrator.  All
interpretations, determinations and decisions of the Plan Administrator with
respect to any claim shall be made in its sole discretion, and shall be final
and conclusive.

ARTICLE X

Miscellaneous

10.1                           Protective
Provisions.  Each Participant and
Beneficiary shall cooperate with the Plan Administrator by furnishing any and
all information requested by the Plan Administrator in order to facilitate the
payment of benefits hereunder.  If a
Participant or Beneficiary refuses to cooperate with the Plan Administrator,
the Company shall have no further obligation to the Participant or Beneficiary
under the Plan, other than payment of the then-current balance of the
Participant’s Accounts in accordance with prior elections and subject to
Section 10.12.

10.2                           Inability
to Locate Participant or Beneficiary. 
In the event that the Plan Administrator is unable to locate a
Participant or Beneficiary within two years following the date the Participant
was to commence receiving payment, the entire amount allocated to the
Participant’s Account shall be forfeited. 
If, after such forfeiture, the Participant or Beneficiary later claims
such benefit, such benefit shall be reinstated without interest or earnings
from the date payment was to commence pursuant to Article VIII.

10.3                           Designation
of Beneficiary.  Each Participant may
designate in writing a Beneficiary or Beneficiaries (which Beneficiary may be
an entity other than a natural person if approved by the Plan Administrator in
its sole discretion) to receive any payments which may be made under the Plan
following the Participant’s death.  No
Beneficiary designation shall become effective until it is in writing and it is
filed with the Plan Administrator.  A
Beneficiary designation under the Plan may be separate from all other
retirement-type plans sponsored by the Company. 
Such designation may be changed or canceled by the Participant at any
time without the consent of any such Beneficiary.  Any such designation, change or cancellation
must be made in a form approved by the Plan Administrator and shall not be
effective until received by the Plan Administrator or its designee.  If no Beneficiary has been named, or the
designated Beneficiary or Beneficiaries have predeceased the Participant, the
Beneficiary shall be the Participant’s estate. 
If a Participant designates more than one Beneficiary, the interests of
such Beneficiaries shall be paid in equal shares, unless the Participant has
specifically designated otherwise.

10.4                           No
Contract of Employment.  Neither the
establishment of the Plan, nor any modification thereof, nor the creation of
any fund, trust or account, nor the payment of any benefits shall be construed
as giving any Participant, or any person whosoever, the right to be retained in
the service of the Company, and all Participants and other employees shall
remain subject to discharge to the same extent as if the Plan had never been
adopted.

 19
 

10.5                           No
Limitation on Company Actions. 
Nothing contained in the Plan shall be construed to prevent the Company
from taking any action which is deemed by it to be appropriate or in its best
interest.  No Participant, Beneficiary,
or other person shall have any claim against the Company as a result of such
action.

10.6                           Obligations
to Company.  If a Participant becomes
entitled to a payment of benefits under the Plan, and if at such time the
Participant has outstanding any debt, obligation, or other liability
representing an amount owing to the Company, then the Company may offset such
amount owed to it against the amount of benefits otherwise distributable.  Such determination shall be made by the Plan
Administrator in its sole discretion.

10.7                           No
Liability for Action or Omission. 
Neither the Company nor any director, officer or employee of the Company
shall be responsible or liable in any manner to any Participant, Beneficiary or
any person claiming through them for any benefit or action taken or omitted in
connection with the granting of benefits, the continuation of benefits, or the
interpretation and administration of this Plan.

10.8                           Nonalienation
of Benefits.  Except as otherwise
specifically provided herein, all amounts payable hereunder shall be paid only
to the person or persons designated by the Plan and not to any other person or
corporation.  No part of a Participant’s
Account shall be liable for the debts, contracts, or engagements of any
Participant, or his or her Beneficiary or successors in interest, nor shall
such accounts of a Participant be subject to execution by levy, attachment, or
garnishment or by any other legal or equitable proceeding, nor shall any such
person have any right to alienate, anticipate, commute, pledge, encumber, or
assign any benefits or payments hereunder in any manner whatsoever.  If any Participant, Beneficiary or successor
in interest is adjudicated bankrupt or purports to anticipate, alienate, sell, transfer,
assign, pledge, encumber or charge any payment from the Plan, voluntarily or
involuntarily, the Plan Administrator, in its discretion, may cancel such
payment (or any part thereof) to or for the benefit of such Participant,
Beneficiary or successor in interest in such manner as the Plan Administrator
shall direct.  Notwithstanding the
foregoing, all or a portion of a Participant’s Account may be awarded to an “alternate
payee” (within the meaning of Section 206(d)(3)(K) of ERISA) if and to the extent
so provided in a judgment, decree or order that, in the Committee’s sole
discretion, would meet the applicable requirements for qualification as a “qualified
domestic relations order” (within the meaning of Section 206(d)(3)(B)(i) of
ERISA) if the Plan were subject to the provisions of Section 206(d) of ERISA.

10.9                           Liability
for Benefit Payments.  The obligation
to pay or provide for payment of a benefit hereunder to any Participant or his
or her Beneficiary shall, at all times, be the sole and exclusive liability and
responsibility of the company that employed the Participant immediately prior
to the event giving rise to a payment obligation (the “Responsible Company”).  No other company or parent, affiliated,
subsidiary or associated company shall be liable or responsible for such
payment, and nothing in this Plan shall be construed as creating or imposing
any joint or shared liability for any such payment (other than the Covidien
guarantee set forth in Section 10.10 below). 
The fact 

 20
 

that a company or a parent, affiliated, subsidiary or
associated company other than the Responsible Company actually makes one or
more payments to a Participant or his or her Beneficiary shall not be deemed a
waiver of this provision; rather, any such payment shall be deemed to have been
made on behalf of and for the account of the Responsible Company.

10.10                     Covidien
Guarantee.  Covidien guarantees the
payment by the Responsible Company (as defined in Section 10.9) of any benefits
provided for or contemplated under this Plan which either (i) the Responsible
Company concedes are due and owing to a Participant or Beneficiary or (ii) are
finally determined to be due and owing to a Participant or Beneficiary, but
which in either case the Responsible Company fails to pay.

10.11                     Unfunded
Status of Plan.  The Plan is intended
to constitute an “unfunded” deferred and supplemental retirement compensation
plan for Participants, with all benefits payable hereunder constituting an
unfunded contractual payment obligation of the Company.  Nothing contained in the Plan, and no action
taken pursuant to the Plan, shall create or be construed to create a trust of
any kind.  The Company shall reflect on
its books the Participants’ interests hereunder, but no Participant or any
other person shall under any circumstances acquire any property interest in any
specific assets of the Company.  Nothing
contained in this Plan and no action taken pursuant hereto shall create or be
construed to create a fiduciary relationship between the Company and any Participant
or other person.  A Participant’s right
to receive payments under the Plan shall be no greater than the right of an
unsecured general creditor of the Company. 
Except to the extent that the Company determines that a “rabbi” trust
may be established in connection with the Plan, all payments shall be made from
the general funds of the Company, and no special or separate fund shall be
established and no segregation of assets shall be made to assure payment.  The Company’s obligations under this Plan are
not assignable or transferable except to (i) any corporation or partnership
which acquires all or substantially all of the Company’s assets or (ii) any
corporation or partnership into which the Company may be merged or
consolidated.  The provisions of the Plan
shall inure to the benefit of each Participant and the Participant’s
Beneficiaries, heirs, executors, administrators or successors in interest.

10.12                     Forfeiture
for Cause.  Notwithstanding any other
provision of this Plan, if a Participant’s employment is terminated for Cause,
or if the Plan Administrator determines that a Participant whose employment
terminates for any other reason had engaged in conduct prior to his or her
termination which would have constituted Cause, then the Plan Administrator may
determine in its sole discretion that such Participant’s Account under the Plan
shall be forfeited and shall not be payable hereunder.

10.13                     Governing
Law.  This Plan shall be construed in
accordance with and governed by the laws of the Commonwealth of Massachusetts
to the extent not superseded by federal law, without reference to the
principles of conflict of laws.

10.14                     Severability
of Provisions.  If any provision of
this Plan shall be held invalid or unenforceable, such invalidity or
unenforceability shall not affect any other 

 21
 

provisions hereof, and this Plan shall be construed
and enforced as if such provisions had not been included.

10.15                     Headings
and Captions.  The headings and
captions herein are provided for reference and convenience only, shall not be
considered part of the Plan, and shall not be employed in the construction of
the Plan.

10.16                     Gender,
Singular and Plural.  All pronouns
and any variations thereof shall be deemed to refer to the masculine, feminine,
or neuter, as the identity of the person or persons may require.  As the context may require, the singular may
read as the plural and the plural as the singular.

10.17                     Notice.  Any notice or filing required or permitted to
be given to the Plan Administrator under the Plan shall be sufficient if in
writing and hand delivered, or sent by registered or certified mail, to the
Plan Administrator, Covidien Supplemental Savings and Retirement Plan, c/o
Covidien HR Benefits, 15 Hampshire Street, Mansfield MA, 02048 or to such other
person or entity as the Plan Administrator may designate from time to
time.  Such notice shall be deemed given
as of the date of delivery, or, if delivery is made by mail, as of the date
shown on the postmark on the receipt for registration or certification.

10.18                     Amendment
and Termination.  The Plan may be
amended, suspended, or terminated at any time by the Company in its sole
discretion; provided, however, that no such amendment, suspension or
termination shall result in any reduction in the value of a Participant’s
Account determined as of the effective date of such amendment.  In addition, the Plan, and/or the terms of
any election made hereunder, may be amended at any time and in any respect by the
Company or by the Plan Administrator if and to the extent recommended by
counsel in order to conform to the requirements of Code Section 409A and
regulations thereunder or to any other Code Section or regulation that bears on
the tax-deferred character of the benefits provided hereunder or to maintain
the tax-qualified status of the RSIP.  In
the event of any suspension or termination of the Plan, payment of Participants’
Accounts shall be made under and in accordance with the terms of the Plan and
the applicable elections (except that the Plan Administrator may determine, in
its sole discretion, to accelerate payments to all Participants if and to the
extent that such acceleration is permitted under Code Section 409A and
regulations thereunder).

10.19                     Delay of Payment for Specified
Employees.  Notwithstanding any provision
of this Plan to the contrary, in the case of any Participant who is a “specified
employee” within the meaning of Code Section 409A(a)(2)(B)(i), no distribution
under this Plan may be made, or may commence, before the date which is six
months after the date of such Participant’s “separation from service” within
the meaning of Code Section 409A(a)(2)(B)(i) (or, if earlier, the date of the
Participant’s death).

10.20                     Special Rule Regarding Election
Changes in 2005, 2006 and 2007.  To
the extent permitted under the provisions of Internal Revenue Service Notice
2005-1, A-19(c) and subsequent related guidance, the Company may, in its sole
discretion, permit a 

 22
 

Participant to modify an existing election with respect to the timing
and form of payment of the Participant’s Account hereunder without regard to
the limitations set forth in Section 8.2, so long as: (i) such modification is
made on or before December 31, 2007 (or, in the case of any amount that would
have been payable in 2007, December 31, 2006, or, in the case of any amount
that would have been payable in 2006, December 31, 2005), and (ii) such
modified election is consistent with the provisions of Sections 8.1 and 10.19
hereof.

IN
WITNESS WHEREOF, this restated and amended Plan has been duly signed for and on
behalf of the Company on the 30th day
of June, 2007.

	
   

  	
  TYCO HEALTHCARE GROUP LP

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ John H. Masterson

  	
   

  
	
   

  	
   

  	
  John H.
  Masterson

  
	
   

  	
   

  	
  Vice President
  and Secretary

  

 

 23

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