Document:

Exhibit 4.18

 

	
   

  	
  Please sign and return to CPI

  	
  o

  
	
   

  	
   

  	
   

  
	
   

  	
  Please place in the Plan manual

  	
  ý

  
	
   

  	
   

  	
   

  
	
   

  	
  Please place in the plastic covered

  	
  o

  
	
   

  	
  Summary Plan Description

  	
   

  

 

MANDATORY
DISTRIBUTION AMENDMENT

(Code
Section 401(a)(31)(B))

 

ARTICLE I

APPLICATION OF AMENDMENT

 

1.1           Effective Date.  The
provisions of this Amendment will apply with respect to distributions made on
or after March 28, 2005

 

1.2           Precedence.  This Amendment supersedes
any inconsistent provision of the Plan

 

ARTICLE II

AUTOMATIC ROLLOVER OF AMOUNTS OVER
$1,000

 

The provisions of the Plan concerning mandatory distributions of amounts
not exceeding $5,000 are amended as follows:

 

In the event of a mandatory
distribution greater than $1,000 that is made in accordance with the provisions
of the Plan providing for an automatic distribution to a Participant without
the Participant’s consent, if the Participant does not elect to have such
distribution paid directly to an “eligible retirement plan” specified by the
Participant in a direct rollover (in accordance with the direct rollover
provisions of the Plan) or to receive the distribution directly, than the
Administrator shall pay the distribution in a direct rollover to an individual
retirement plan designated by the Administrator

 

This amendment is executed as follows:

 

Name of Plan: EXCO Resources, Inc. Employees Savings Trust

 

Name of Employer: EXCO Resources, Inc.

 

 

	
  By:

  	
  /s/ J. Douglas Ramsey, Vice President & CFO

  	
   

  	
  Date:

  	
  6-8-05

  	
   

  
	
   

  	
  EMPLOYER REPRESENTATIVEExhibit 4.19

 

NOTICE/CONFIDENTIAL
- COPYRIGHTED MATERIAL

 

This document is
protected under the copyright laws of the United States and international
copyright treaties, and contains proprietary, confidential information of
Calfee, Halter & Griswold LLP. Any use, duplication, publication,
display, modification, adaptation or dissemination of this document or its
contents requires the express written permission of Calfee, Halter &
Griswold LLP.

 

Copyright 2002,
Calfee, Halter & Griswold LLP

All Rights Reserved.

 

RETIREMENT SAVINGS
TRUST AND PLAN

 

ADOPTION AGREEMENT

 

(Profit Sharing
#001)

 

For

 

A PROTOTYPE PLAN

SPONSORED BY

 

CALFEE, HALTER
& GRISWOLD LLP

1400 McDonald
Investment Center

800 Superior
Avenue

Cleveland, Ohio
44114-2688

(216) 622-8200

 

(1)           Establishment
of Plan. North Coast Energy, Inc. (the “Company”) hereby adopts the North
Coast Energy, Inc. Employees’ Profit Sharing Trust and Plan (the “Trust and
Plan”) as of the date set forth below (“Adoption Date”), by completing this
Adoption Agreement, establishing the retirement savings plan and trust
agreement in the form of the attached prototype plan.*

 

* This Adoption Agreement shall be of no force
and effect and Calfee, Halter & Griswold LLP shall have none of the
responsibilities imposed upon a Prototype Plan Sponsor with respect to the
Company, a Participating Company or any Trust and Plan participants unless and
until such time as Calfee, Halter & Griswold LLP acknowledges receipt
of and accepts this Adoption Agreement, in writing, as set forth on the last
page hereof.

 

 

(2)           Plan
Information.

 

o    New Plan

 

ý    Amendment and Restatement of:

 

ý    Same Plan

 

o    Prototype Plan

 

o    Master Plan

 

o    Other (merger, consolidation,
etc.)

 

	
   

  	
  If Restatement or Merger, enter names of Predecessor

  
	
   

  	
   

  
	
   

  	
  Plans:

  	
   

  	
   

  

 

 

 

 

 

(3)           Plan No. 001

 

(4)           Plan
Type. The Company intends this Trust and Plan to be:

 

o    A Simple Plan (1) for the
following Plan Years:

 

o    1997

 

o    1998

 

o    1999

 

o    2000

 

o    2001

 

o    all Plan Years after                  

 

(1) Employer must have
100 or fewer employees who received at least $5,000 in Compensation from the
Employer during the preceding year and employees must not be covered under any
other plan, contract, pension or trust described in Section 219(g)(5)(A) or (b)
of the Code.  No contributions may be made
to this Trust and Plan other than pre-tax contributions pursuant to Section
(23)(b) and Participating Company contributions pursuant to Section
(23)(a)(vi).

 

2

 

	
   

  	
  o

  	
  other:

  	
   

  	
   

  

 

ý    A Safe Harbor Plan for the
following Plan Years:

 

o    1999

 

o    2000

 

o    2001

 

ý    all Plan Years after 2002

 

	
   

  	
  o

  	
  other:

  	
   

  	
   

  

 

 

(5)           Company
Information. Company name, address, telephone number and employer
identification number:

 

North Coast Energy, Inc.

 

1993 Case Parkway

 

Twinsburg, OH 
44087

 

(330) 425-2330

 

EIN:  34-1792016

 

(6)           Controlled
Group. Corporations or other business organizations related to the Company
under Sections 414(b), (c), (m) and (o) of the Internal Revenue Code (the “Code”)
are:

 

North Coast Operating, Inc.

 

NCE Securities, Inc.

 

North Coast Energy Eastern, Inc.

 

 

 

 

3

 

(7)           Participating
Companies. Participating Companies under the Trust and Plan are:  (select one)

 

o            All
of the members of the Controlled Group under Section (6) above

 

ý            Other
(specify):

 

	
  Name

  	
   

  	
  Adoption

  Date

  	
   

  	
  Cessation

  Date

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  North Coast Energy,
  Inc.

  	
   

  	
  4/1/84

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  North Coast Energy
  Eastern,

  Inc. (f.k.a. Peake Energy, Inc.)

  	
   

  	
  4/1/00

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  

 

Each Participating
Company must agree to be bound by the terms of the Trust and Plan.

 

(8)           Effective
Date. The Effective Date of the Trust and Plan is April 1, 1984.

 

(9)           Restatement
Date. The General Restatement Date of this Trust and Plan, if applicable,
is January 1, 2003.

 

(10)         Taxable
Year. The Company’s Taxable Year is the 12 consecutive month period ending
on December 31.

 

4

 

(11)         Plan Year.
The Plan Year is: (2) (select one)

 

o            the
Company’s Taxable Year

 

ý            the
12 consecutive calendar month period ending on December 31.

 

(12)         Limitation
Year. The Limitation Year is: 
(select one)

 

ý            the
Plan Year

 

o            the
12 consecutive calendar month period ending on                  
and each anniversary thereof

 

(13)         Testing
Year for ADP Test. The Testing Year for purposes of Average Deferral
Percentage testing is: (select one or more, as appropriate)  N/A

 

o            For
Plan Years beginning on or after                     

 

o    Current Year

 

o    Prior Year

 

o            For
Plan Years beginning on or after                       

 

o    Current Year

 

o    Prior Year

 

o            For
Plan Years beginning on or after                        

 

o    Current Year

 

o    Prior Year

 

(14)         Testing
Year for ACP Test. The Testing Year for purposes of the Average
Contribution Percentage Test is: (select one or more as appropriate) (3)  N/A

 

o            For
Plan Years beginning on or after                     

 

o    Current Year

 

o    Prior Year

 

o            For
Plan Years beginning on or after                           

 

o    Current Year

 

o    Prior Year

 

(2) If the Company
intends for the Trust and Plan to be a Simple Plan, the Plan Year must be the
calendar year.

(3) For Plan Years
beginning on or after the later of the Effective Date or the GUST Restatement
Date, the option selected in Section (14) must be the same as the option
selected in Section (13).

 

5

 

o            For
Plan Years beginning on or after                                 

 

o    Current Year

 

o    Prior Year

 

(15)         Covered
Employees. Covered Employees under the Trust and Plan are all Employees of
Participating Companies, excluding the following:  (select all that apply)

 

o            aliens
whose expected employment within the United States will be less than           

 

ý            Employees
covered by a collective bargaining agreement to which a Participating Company
is a party, unless such collective bargaining agreement provides for
participation in the Trust and Plan

 

o            salaried
Employees

 

o            hourly-paid
Employees

 

o            Leased
Persons

 

o            commissioned
salesmen

 

	
  o

  	
   

  	
  job categories at the 

  
	
   

  	
   

  	
  location

  
				

 

o            unless
the Company takes action to the contrary, individuals who became employees as
the result of an asset or stock acquisition, merger or similar transaction
during the period beginning on the date of the transaction and ending on the
last day of the first plan year beginning after the date of the transaction

 

ý            other
(specify):  Seasonal employees working
less than 1,000 Hours in a calendar year.

 

o            none

 

6

 

(16)         Service.
An Employee’s Service, as defined in Article 3 of the Trust and Plan, will
be determined as follows:

 

(a)           Eligibility.
An Employee’s eligibility to participate in the Trust and Plan is calculated
pursuant to the following method: 
(select one)

 

o            elapsed time method

 

ý            hours method

 

o            not applicable

 

(b)           Vesting.
An Employee’s Vesting Service under the Trust and Plan is calculated pursuant
to the following method:

 

Years Ending Before                         (Effective
Date or other date) (select one)

 

o            elapsed time method

 

o            hours method

 

o            not applicable

 

Years Ending After   Effective Date   (Effective Date or other date) (select one)

 

o            elapsed time method

 

ý            hours method

 

o            not applicable

 

(c)           Crediting
of Service Based on Hours Worked. The following equivalency will be used to
determine Service to be credited to Participants based on working time method:
(select one)

 

ý            1 Hour for each Hour
of Service as described in Section 3.2(a) of the Trust and Plan

 

o            1.15 Hours for each
Hour of Service as defined in Section 3.2(a) of the Trust and Plan actually
worked by Employee

 

o            1.33 Hours for each
Hour of Service as defined in Section 3.2(a) of the Trust and Plan which was a
regular time hour actually worked by Employee

 

7

 

o            10 Hours for each day
Employee has at least 1 Hour of Service as defined in Section 3.2(a) of
the Trust and Plan

 

o            45 hours for each week
Employee has at least 1 Hour of Service as defined in Section 3.2(a) of
the Trust and Plan

 

o            95 Hours for each
semi-monthly payroll period during which Employee has at least 1 Hour of
Service as defined in Section 3.2(a) of the Trust and Plan

 

o            190 Hours for each
month Employee has at least 1 Hour of Service as defined in Section 3.2(a)
of the Trust and Plan

 

(d)           Predecessor
Employer Service. Service with the following predecessor employers will be
credited under the Trust and Plan:

 

	
  Employer Name

  	
   

  	
  Period of Service

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  

 

(17)         Participation
Requirements. To become a Participant, a Covered Employee must satisfy the
following requirements:

 

(a)           Service
Requirement. To become eligible to participate in the Trust and Plan, a
Covered Employee: (select one)

 

o            need not complete any
waiting period

 

ý            must complete 1 Years(s)
of Service (may not exceed 2) (4)  (The term “Year of Service” is defined in Section 3.2(e) of the Trust
and Plan and requires that the an Employee completes at least 1,000 Hours of
Service within such year.)

 

o            must complete             consecutive
month(s) of Service without regard to the number of Hours of Service completed
(may not exceed 24)

 

(4)
A 2-year or 24-month service requirement may be elected only in the event that
the Trust and Plan provides for full and immediate vesting.

 

8

 

(b)           Special
401(k) Service Requirement. To become eligible to make 401(k) contributions
under the Trust and Plan, a Covered Employee: 
(select one)

 

o            need not complete any
waiting period

 

ý            must complete 1 Year
of Service

 

o            must complete           
consecutive month(s) of Service (without regard to the number of Hours of
Service completed)

 

o            not applicable

 

(c)           Age
Requirement. To become eligible to participate in the Trust and Plan a
Covered Employee:  (select one)

 

o            need not attain any
minimum age

 

ý            must be at least 21 years
of age (not more than 21)

 

(18)         Entry
Date. An eligible Covered Employee commences participation in the Trust and
Plan:  (select one)

 

o            immediately upon
meeting the eligibility requirements

 

OR

 

o            on the 1st day of the
month

 

o            on the 1st day of the
Plan Year

 

ý            on the earlier of
January 1 or July 1 (first day of the first month or first day of the seventh
month of the Plan Year)

 

o            on the 1st day of each
calendar quarter

 

coinciding with or next
following the date such Covered Employee meets the eligibility requirements of
Sections (17)(a) and (17)(c).

 

(19)         Enrollment
Date. An eligible Covered Employee may commence making 401(k) contributions
under the Trust and Plan:

 

o            on the 1st day of any
payroll period after meeting the eligibility requirements

 

9

 

OR

 

o            on the 1st day of any
month

 

o            on the 1st day of the
Plan Year

 

ý            on the earlier of
January 1 or July 1 (first day of the first month or first day of the seventh
month of the Plan Year)

 

o            on the 1st day of each
calendar quarter

 

coinciding with or next following the date such Covered Employee meets
the eligibility requirements of Sections (17)(b) and (17)(c).

 

(20)         Compensation.

 

(a)           Basic
Definition.   A Participant’s
Compensation shall be determined on the basis of the following:  (select one)

 

o            Section 415
compensation as described in Section 2.14(a)(i) of the Trust and Plan

 

o            Modified
Section 415 compensation as described in Section 2.14(a)(ii) of the Trust and
Plan

 

o            Modified
Section 3121 compensation as described in Section 2.14(a)(iii) of the Trust and
Plan

 

ý            Modified
Section 3401 compensation as described in Section 2.14(a)(iv) of the Trust and
Plan

 

o            W-2
earnings as described in Section 2.14(a)(v) of the Trust and Plan for all Plan
Years

 

(b)           Safe
Harbor Adjustments To Compensation: (select all that apply)

 

ý            Compensation
shall be increased for salary reduction amounts under Code Sections 401(k),
125, 403(b) and similar plans as described in Section 2.14(b)(i) of the Trust
and Plan, and for Plan Years beginning on and after January 1, 2001, for salary
reduction amounts under Code Section 132(f)(4)

 

o            Compensation
shall be reduced by any extra benefits as described in Section 2.14(b)(ii) of
the Trust and Plan

 

10

 

o            none
of the above.

 

(c)           Other
Exclusions From Compensation(5): (select all that apply)

 

ý            pre-entry
date Compensation

 

o            commissions

 

ý            bonuses
(whether discretionary or non-discretionary) 
(Excluded from Compensation only for purposes of making
pre-tax contributions; included for purposes of determining matching
contributions and non-elective profit sharing contributions.)

 

o            commissions,
overtime and bonuses (whether discretionary or non-discretionary)

 

ý            other
fringe benefits

 

o            none
of the above

 

(21)         Family
Aggregation Rules. The Family Aggregation Rules should be applied to Limit
Compensation as follows:  N/A

 

o            The
Family Aggregation Rules shall continue to apply for Plan Years beginning on or
after                     and
prior to                    (date
of Amendment or Restatement)

 

o            The
Family Aggregation Rules shall not apply for any Plan Years beginning after
December 31, 1996

 

(22)         Top-Paid
Group. For purposes of determining the “Top-Paid Group” of Employees of the
Controlled Group for a Plan Year, the following Employees shall be excluded:
(select all that apply)  N/A

 

o            Employees
who have not completed          
months (may not exceed 6 months) of service

 

o            Employees
who normally work less than          
Hours (may not exceed 17-1/2 Hours) per week

 

(5) No exclusions from Compensation (other than pre-entry date
compensation) may be elected if Participating Company contributions are
allocated in accordance with the integration method described in Section
(24)(a).

 

11

 

o            Employees
who normally work during not more than              
months (may not exceed 6 months) during any year

 

o            Employees
who have not attained age             
(may not exceed 21)

 

(23)         Contributions.

 

(a)           Participating
Company Contributions. For each Plan Year, the Participating Companies may
make any or all of the following contributions to the Trust and Plan:

 

o            (i)            Profit
Sharing Contributions. A profit sharing contribution in an amount equal to:
(select    one)

 

o                        %
of each eligible Participant’s Compensation(6)

 

o                        %
of each eligible Participant’s Compensation under the Integration Level
specified in Section (24) of this Adoption Agreement plus           %
of such Participant’s Compensation over the Integration Level specified in
Section (24) of this Adoption Agreement(7)

 

o            an
amount determined by the Company for the year

 

o            an
amount determined by each Participating Company for the year

 

o            not
applicable

 

ý            (ii)           Matching
Contributions. A matching contribution in an amount equal to:  (select one)

 

ý            50%
of each eligible Participant’s pre-tax contributions up to a maximum matching
contribution of 5% (percentage of Participant’s Compensation or dollar amount)

 

o            a
percentage of each eligible Participant’s pre-tax contributions as determined
by the Participating Company for a match period up to a maximum matching
contribution of

 

(6) May not exceed 15%.

(7) The lower limit must
be greater than zero (0), and the upper limit may not exceed the lower limit by
more than the lesser of the lower limit, or the greater of 5.7% or the rate of
tax under Code Section 3111(a) which is attributable to old-age insurance, as
adjusted pursuant to Section 6.2(b) of the Trust and Plan.

 

12

 

(percentage of
Participant’s Compensation or dollar amount)

 

o            not
applicable

 

The match period for
which matching contributions are made is: 
(select one)

 

o            week

 

o            calendar
month

 

o            calendar
quarter

 

o            semi-annual

 

o            Plan
Year

 

o            Company’s
pay period

 

ý            each
Participating Company’s pay period

 

o            (iii)          ADP
Contributions.  A special ADP
contribution in an amount as shall be determined by   the
Company from time to time.

 

ý            (iv)          ADP
Test Safe Harbor Contributions.  An
ADP Test Safe Harbor Contribution shall be       made as
follows: (select one)

 

ý            Nonelective
Contribution.   A nonelective
contribution equal to 3%(8) of each Eligible Employee’s Compensation shall be
made to:

 

ý            this Trust and Plan

 

o            (Name of Plan)

 

o            Basic
Matching Contribution. A matching contribution equal to the sum of (a) 100%
of each Eligible Employee’s pre-tax contributions up to 3% of Compensation, and
(b) 50% of such Eligible Employee’s pre-tax contributions in excess of 3% of
Compensation but not in excess of 5% of Compensation

 

o            Enhanced
Matching Contribution. A matching contribution

 

(8) Must be 3% or
greater. 

 

13

 

equal to the sum of (a) 100% of each Eligible Employee’s
pre-tax contributions up to           
%(9) of Compensation, and (b)               %
of such Eligible Employee’s pre-tax contributions in excess of             %(9)
of Compensation but not in excess of           
% of Compensation(10)

 

 

o            (v)           ACP
Test Safe Harbor Contributions.(11) 
An ACP Test Safe Harbor Contribution as                 follows:

 

o            A
matching contribution equal to         % of
an Eligible Employee’s pre-tax contributions up to        
% of his Compensation(12)

 

o            A
matching contribution equal to the sum of (a)        
% of an Eligible Employee’s pre-tax contributions up to          
% of his Compensation and (b)         % of
such Eligible Employee’s pre-tax contributions in excess of         
% of Compensation but not in excess of          
% of Compensation(13)

 

o            A
matching contribution equal to 100% of an Eligible Employee’s pre-tax
contributions up to          % of his
Compensation(14)

 

o            (vi)          Simple
Plan Contributions. A contribution in an amount equal to:

 

o            100%
of each Eligible Employee’s pre-tax contributions up to              %
of Compensation (must be at least 3%)

 

o            a
      % of Compensation non-elective contribution
(must be at least 2%)

 

(b)           Pre-Tax
Contributions. For each Plan Year, a Participant:

 

ý            may make pre-tax
contributions as follows:  (select one)

 

(9) Must be 3% or greater
but not greater than 6%.

(10) Must be completed in
a manner which insures that, at any rate of pre-tax contributions, the matching
contribution is at least equal to the matching contribution which would have
been received if the Participating Companies were making Basic Matching Contributions,
but the rate of match cannot increase as deferrals increase.

(11) Must be completed if
the Trust and Plan is a Safe Harbor Plan and a Participating Company desires to
make a matching contribution other than Basic or Enhanced Matching Contributions.

(12) May not exceed 6% of
Compensation.

(13) The percentage
inserted in paragraph (b) cannot exceed the percentage inserted in paragraph
(a) and also may not exceed 6% of Compensation.

(14) May not exceed 4% of
Compensation.

 

14

 

ý            whole percentage of
Compensation not less than 1% nor more than 75%

 

o            any amount up to               %
of Compensation

 

o            any amount not less
than $         nor more than $          

 

o            may not make pre-tax
contributions

 

o            will
be deemed to have elected to make pre-tax contributions equal to
       % (may not exceed 3%) of
Compensation, unless the Participant elects otherwise

 

(c)           After
Tax Contributions. For each Plan Year, a Participant:

 

o            may
make after tax contributions as follows: 
(select one)

 

o            between            %
and              %
Compensation

 

o            any amount up to             %
of Compensation

 

o            any amount not less
than $         nor more than $          

 

ý            may not make after tax
contributions

 

(24)         Allocation
of Profit Sharing Contributions.

 

(a)           Profit
sharing contributions will be allocated in accordance with one of the following
methods as described in Section 6.2 of the Trust and Plan:  (select one)

 

ý            relative Compensation

 

o            integration method
with an Integration Level of:

 

o                       %
of the Social Security taxable wage base

 

o            $            

 

o            per capita among
eligible Participants

 

o            in proportion to
relative Hours of Service

 

o            uniform points

 

o            points for each year
of Service

 

15

 

o            points for each $        
of Compensation

 

o            not applicable

 

(b)           Contributions
made by each Participating Company shall be allocated among:  (select one)

 

o            all eligible
Participants

 

ý            eligible Participants
employed by such Participating Company

 

o            not applicable

 

(25)         Exclusions
from Eligibility for Profit Sharing Allocations and Reallocation of Forfeitures.
The following Participants shall be excluded from receiving an allocation of
profit sharing contributions pursuant to Section 6.2 of the Trust and Plan and
a reallocation of forfeitures, if applicable, pursuant to Section 15.4 of the
Trust and Plan:  (select all that apply)

 

o            Participants
who complete fewer than         Hours of
Service (not more than 1,000) during the Plan Year

 

o            Participants
whose employment terminates prior to the last day of the Plan Year

 

o            Participants
whose employment terminates prior to the last day of the Plan Year for reasons
other than:  (select all that apply)

 

o            retirement

 

o            Disability

 

o            death

 

ý            none
of the above

 

(26)         Allocation
of ADP Contributions. ADP Contributions shall be allocated among:  (select one)

 

o            all Participants

 

o            non-highly compensated
Participants only

 

16

 

(27)         Vesting
of Participating Company Contributions.(15)

 

(a)           Vesting
of Profit Sharing Contributions. Profit sharing contributions made by a
Participating Company pursuant to Section (23)(a)(i) of this Adoption Agreement
will become vested pursuant to the following schedule:  (select one)

 

ý            Vested Percentage is
100% at all times

 

o            Vested
Percentage is 100% upon completion of       years of
Vesting Service (may not exceed 5)

 

o            graded vesting, as
follows:

 

	
  Years of

  Vesting Service

  	
   

  	
  Vested

  Percentage

  
	
   

  	
   

  	
   

  
	
  Less than 1

  	
   

  	
   

  
	
  1 but less than 2

  	
   

  	
   

  	
   

  
	
  2 but less than 3

  	
   

  	
   

  	
   

  
	
  3 but less than 4

  	
   

  	
   

  	
  (must be at least 20%)

  
	
  4 but less than 5

  	
   

  	
   

  	
  (must be at least 40%)

  
	
  5 but less than 6

  	
   

  	
   

  	
  (must be at least 60%)

  
	
  6 but less than 7

  	
   

  	
   

  	
  (must be at least 80%)

  
	
  7 or more

  	
   

  	
   

  

 

o            not applicable

 

(b)           Vesting
of Matching Contributions. Matching contributions made by a Participating
Company pursuant to Section 23(a)(ii) of this Adoption Agreement become vested
pursuant to the following schedule: 
(select one)

 

ý            Vested Percentage is
100% at all times

 

o            Vested
Percentage is determined in accordance with the vesting schedule in Section
(27)(a) above

 

o            Vested
Percentage is 100% upon completion of       years of
Vesting Service (may not exceed 5)

 

o            graded vesting, as
follows:

 

(15) Vested Percentage
must be 100% for Safe Harbor Plans and Simple Plans.

 

17

 

	
  Years of

  Vesting Service

  	
   

  	
  Vested

  Percentage

  
	
   

  	
   

  	
   

  
	
  Less than 1

  	
   

  	
   

  	
   

  
	
  1 but less than 2

  	
   

  	
   

  	
   

  
	
  2 but less than 3

  	
   

  	
   

  	
   

  
	
  3 but less than 4

  	
   

  	
   

  	
  (must be at least 20%)

  
	
  4 but less than 5

  	
   

  	
   

  	
  (must be at least 40%)

  
	
  5 but less than 6

  	
   

  	
   

  	
  (must be at least 60%)

  
	
  6 but less than 7

  	
   

  	
   

  	
  (must be at least 80%)

  
	
  7 or more

  	
   

  	
   

  	
   

  

 

o                            not
applicable

 

(28)         Vesting
in Top-Heavy Years. The Vested Percentage of a Participant who is credited
with a year of Vesting Service during a Plan Year in which the Trust and Plan
is Top-Heavy, will be determined as follows: 
(select one)

 

o            Vested
Percentage is determined in accordance with the vesting schedule in Section (27)(a)
above

 

o            Vested
Percentage is 100% at all times

 

o            Vested
Percentage is 100% upon completion of       years of
Vesting Service (may not exceed 3)

 

ý            graded
vesting, as follows:

 

	
  Years of

  Vesting Service

  	
   

  	
  Vested

  Percentage

  
	
   

  	
   

  	
   

  
	
  Less than 1

  	
   

  	
  0%

  
	
  1 but less than 2

  	
   

  	
  0%

  
	
  2 but less than 3

  	
   

  	
  20% (must be at least
  20%)

  
	
  3 but less than 4

  	
   

  	
  40% (must be at least
  40%)

  
	
  4 but less than 5

  	
   

  	
  60% (must be at least
  60%)

  
	
  5 but less than 6

  	
   

  	
  80% (must be at least
  80%)

  
	
  6 or more

  	
   

  	
  100%

  

 

(29)         Vesting
Service Exclusions. Vesting Service excludes any Years of Service or
Periods of Service which occurred: 
(select all that apply)

 

o            prior
to                      (cannot
be later than the Effective Date of the Trust and Plan)

 

18

 

o            prior
to the time the Participant attained       years of
age (not more than 18)

 

ý            prior
to the Effective Date of the Trust and Plan or any Predecessor Plan

 

o            prior
to the acquisition by the Controlled Group of a predecessor employer (cannot be
excluded if predecessor maintained a qualified plan which was merged into the
Trust and Plan)

 

o            for
Employees of              
(division, department or location), prior to               
(cannot be later than the date the employer became a Participating Company)

 

o            prior
to a termination of employment, unless the Participant repays amounts
previously distributed from the Trust and Plan (applies only to Participants
less than 100% vested)

 

o            none
of the above

 

(30)         Use of
Forfeitures. Amounts forfeited from Employer Contribution Accounts under the
Trust and Plan will be:  (select one)

 

ý            reallocated
among the Employer Contribution Accounts of eligible Participants

 

o            used
to reduce future Participating Company profit sharing contributions

 

o            not
applicable

 

Amounts forfeited from
Matching Contribution Accounts under the Trust and Plan will be:  (select one)

 

ý            used
to reduce future Participating Company matching contributions

 

o            not
applicable

 

(31)         Recrediting
of Accounts on Rehire. Amounts forfeited following a Termination of
Employment by a Participant who is rehired by a Participating Company prior to
his incurring five (5) consecutive One Year Breaks In Service will be:  (select one)

 

19

 

o            recredited
to his Employer Contribution and/or Match Account as of his date of rehire

 

ý            recredited
to his Employer Contribution and/or Match Account upon repayment to the Trust
and Plan of any amounts which were previously distributed to such Participant
from the Trust and Plan following his previous Termination of Employment

 

o            not
applicable

 

(32)         Required
Minimum Distributions.

 

(a)           Required
Beginning Date. The required beginning date of a Participant shall be as
follows: (select one)

 

o            the
April 1 of the calendar year following the calendar year in which the
Participant attains age 70-1/2

 

ý            the
April 1 of the calendar year following the calendar year in which the
Participant attains age 70-1/2 or retires whichever is later, except that in
the case of a five percent (5%) owner, the required beginning date shall be
April 1 of the calendar year following the calendar year in which the
Participant attains age 70-1/2

 

(b)           Transition
Rule. (select one or both, as applicable)

 

o            a
Participant who is not a five percent (5%) owner and who has not retired may
elect no later than April 1 of the calendar year following the year in which he
attained age 70-1/2 to defer distribution until the calendar year following the
calendar year in which the Participant retires. If no such election is made,
the Participant will begin receiving distributions no later than the April 1 of
the calendar year following the calendar year in which the Participant attained
age 70-1/2

 

o            a
Participant who is not a five percent (5%) owner and who attained age 70-1/2
prior to                  may
elect to stop receiving distributions until the April 1 of the calendar year
following the year in which the Participant retires

 

(c)           Application
of Proposed Regulations. Minimum required distributions made from the Trust
and Plan under Code Section 401(a)(9): (select one)

 

20

 

o            will,
for calendar years beginning on or after                       
(no earlier than January 1, 2001)

 

ý            will
not

 

be calculated in accordance with regulations under
Code Section 401(a)(9) that were proposed on January 17, 2001.

 

(33)         Normal
Retirement Date. A Participant’s Normal Retirement Date is the day on which
he meets each of the following requirements: 
(select all that apply)

 

ý            attains
age 65 (not less than 55 nor more than 65)

 

o            completes       
years of participation (not to exceed 5 years)

 

(34)         Early
Retirement Date.(16)  A Participant’s
Early Retirement Date is the day on which he retires from the employ of the
Controlled Group subsequent to the date: 
(select one)

 

o            he
attains age 

 

o            he
completes       years of participation

 

o            he
completes         years of Vesting
Service

 

o            the
later of age or completion of years of participation

 

o            the
later of age or completion of years of Vesting Service

 

ý            not
applicable

 

(35)         Permanent
and Total Disability. Permanent and Total Disability will be determined on
the basis of: (select one)

 

ý            Social
Security definition contained in Section 2.39(a) of the Trust and Plan

 

o            alternative
definition contained in Section 2.39(b) of the Trust and Plan

 

(16) The designation of
an Early Retirement Date may accelerate vesting and distribution.  The Early Retirement Date cannot exceed the
Normal Retirement Date selected in Section (33).

 

21

 

(36)         Forms of
Benefit. Distributions upon Termination of Employment, retirement,
Disability and death will be made in accordance with: (select one)

 

o            Article 18 of the
Trust and Plan (Non-Annuity Forms)

 

ý            Article 18A of the
Trust and Plan (Normal Form - Annuity)

 

o            Article 18A of the
Trust and Plan (Normal Form - Lump Sum unless Annuity Form elected)

 

(a)           Non-Annuity
Forms of Benefit. Distributions made in accordance with Article 18 or 18A
of the Trust and Plan in a non-annuity form will be permitted in the following
form(s):  (select all that apply)

 

o            lump
sum form

 

o            installment
payments over a period of years (not to exceed the life expectancy of the
Participant)

 

o            installment
payments over the maximum permissible years under Code Section 401(a)(9)

 

o            not
applicable (annuity forms of benefit apply)

 

(b)           Annuity
Forms of Benefit. Distributions made in accordance with Article 18A of the
Trust and Plan in an annuity form will be permitted in the following
form(s):  (select all that apply)

 

ý            life
annuity form

 

o            spouse’s
annuity form

 

ý            joint
and survivor form (50%)

 

o            life-period
certain form over      year period

 

o            full
cash refund life annuity form

 

ý            lump
sum form

 

o            installment
payments over a period of years not to exceed:

 

o                  years

 

o            the maximum
distribution period permissible under Code Section 401(a)(9)

 

o            not
applicable (non-annuity forms of benefit apply)

 

22

 

(c)           Timing
of Installment Payments. Installment payments, if permitted pursuant to (a)
or (b) above, will be made on the following basis:  (select all that apply)

 

o            monthly

 

o            quarterly

 

o            semi-annually

 

o            annually

 

(37)         Elimination
of Forms of Benefit. No Participant, Beneficiary or Alternate Payee whose
Annuity Starting Date is on or after                            (17)
shall be eligible to receive a distribution from the Trust and Plan in the form
of                   .

 

(38)         Benefit
Commencement Date. In the event of the Termination of Employment of a
Participant for any reason other than his death, Disability or retirement,
distribution shall be made or shall commence to be made pursuant to Section
15.2 of the Trust and Plan as of the date specified below:

 

(a)           Involuntary
Cash-Out. If the value of his Vested Interest is $5000 or less (not more
than $5000):  (select one)

 

ý            as
soon as reasonably possible following his Termination of Employment

 

o            as
soon as reasonably possible following the close of the Plan Year in which his
Termination of Employment occurs

 

o            as
soon as reasonably possible following the close of the calendar quarter in
which his Termination of Employment occurs

 

o            as
soon as reasonably possible following the close of the half-year in which his
Termination of Employment occurs

 

(17) May not be earlier
than the earlier of (a) the 90th day after the date the Participant,
Beneficiary or Alternate Payee has been furnished a Summary Plan Description or
a Summary of Material Modifications which reflects the amendment to eliminate a
form of benefit, and (b) the first day of the second Plan Year following the
Plan Year in which this Adoption Agreement or amendment to the Adoption
Agreement to remove a form of distribution is adopted.

 

23

 

o            as
soon as reasonably possible following the Valuation Date which coincides with
or next follows the             
(date, month, Plan quarter, Plan Year) which next follows his Termination of
Employment

 

(b)           Amounts
Not Subject to Involuntary Cash-Out.  If the value of his vested interest is in
excess of $5,000 (not more than $5000): 
(select one)

 

ý            as
soon as reasonably possible following the close of the Plan Year in which his
Normal Retirement Date occurs, or as of such earlier date as the Participant
shall select provided such earlier date is not earlier than an administratively
reasonable period beyond the date of his Termination of Employment

 

o            as
soon as reasonably possible following the close of the Plan Year in which his
Normal Retirement Date occurs, or as of such earlier date as the Participant
shall select provided such earlier date is not earlier than 

 

o            as
of the date specified below determined on the basis of the amount of his Vested
Interest:

 

(i)            if
the value of his Vested Interest is greater than $         
(not more than $5,000), but not in excess of $         ,
the distribution shall be made or shall commence as soon as reasonably possible
following the close of the Plan Year in which his Normal Retirement Date
occurs, or as of such earlier date as the Participant shall select provided
such earlier date is not earlier than an administratively reasonable period
beyond the date of his Termination of Employment; or

 

(ii)           if
the value of his Vested Interest is in excess of $           ,
the distribution shall be made or shall commence as soon as reasonably possible
following the close of the Plan Year in which his Normal Retirement Date
occurs, or as of such earlier date as the Participant shall select provided
such earlier date is not earlier than an administratively reasonable period
beyond

 

24

 

(c)           Account
Becoming Cash-Out Eligible. If a Participant would have received a
distribution under (a) above but for the fact that the value of his Vested
Interest exceeded $5000 (insert same dollar amount as under (a) and (b) above)
upon his Termination of Employment, and if at a later date such value is
reduced such that it does not exceed $5000 (insert same dollar amount), the
Participant:  (select one)

 

ý            will

 

o            will
not

 

receive a distribution of such Vested Interest
pursuant to (a) above as soon as reasonably possible following such reduction
below $5000 (insert same dollar amount).

 

Except as otherwise permitted by the Adoption Agreement, pursuant to
Section 18.1 or 18A.1 of the Trust and Plan and pursuant to the election of the
Participant, distributions must be made or commence to be made not later than
sixty (60) days after the close of the Plan Year in which the Participant’s
Normal Retirement Date occurs.

 

(39)         Delayed
Distribution. Following Termination of Employment, distributions:  (select one)

 

ý            will
commence as of the dates specified in Articles 15, 16 and 17 of the Trust
and Plan

 

o            may
be deferred by election of the Participant or his Beneficiary subject to
Sections 18.5 and 18A.10 of the Trust and Plan

 

o            may
be deferred by election of the Participant or his Beneficiary subject to
Sections 18.5 and 18A.10 of the Trust and Plan and the following additional
restrictions:

 

(40)         Distributions
Made Pursuant to Qualified Domestic Relations Orders. If permitted or
required pursuant to the terms of a Qualified Domestic Relations Order, an
Alternate Payee:  (select one)

 

ý            may

 

25

 

o            may
not

 

receive a immediate lump sum distribution from the Trust and Plan as
soon as reasonably possible following transfer from the affected Participant’s
Accounts to the Alternate Payee’s Accounts, regardless of whether the affected
Participant is at such time eligible for distribution or whether a lump sum form
of distribution is otherwise permitted under the Trust and Plan.

 

(41)         Insurance.
The purchase of insurance:  (select one)

 

o            is permitted

 

ý            is not permitted

 

If the purchase of
insurance is permitted above, it will be purchased as follows:  (select one)

 

o            at the direction of
the Participant

 

o            on behalf of all
Participants meeting the following requirements (specify):

 

(42)         Loans.

 

(a)           Loans
to parties in interest under the Trust and Plan:  (select one)

 

o            are
permitted in any circumstances upon approval of loan application

 

ý            are
permitted only in the following limited circumstance(s) and upon approval of
the loan application

 

o    in
the event the Participant would otherwise qualify for a hardship distribution,
but for the availability of a plan loan or other assets

 

ý    Other
(specify):  Loans are permitted only for
the following reasons:  (1) the purchase,
construction or improvement of a residence or other real estate; (2) the
purchase of a vehicle (including an automobile, van, truck or recreational vehicle);
(3) tuition and other educational expenses; (4) medical and dental expenses;
and (5) funeral expenses of a family member.

 

26

 

o            are
not permitted

 

(b)           If
permitted, loans may be made from the following Accounts:  (select all that apply)

 

ý            all
Accounts

 

o            Pre-Tax
Account

 

o            Match
Account

 

o            Employer
Contribution Account

 

o            Special
ADP Account

 

o            Safe
Harbor Contribution Account

 

o            Personal
Account

 

(c)           If
permitted, the maximum number of loans is: 
(select one)

 

o            one

 

ý            two

 

(d)           If
permitted, the minimum loan amount is: 
(select one)

 

o            $500

 

ý            $1,000

 

o            other

 

o            no
minimum

 

(43)         Withdrawals.

 

(a)           Withdrawals
from Pre-Tax Account. Withdrawals from Pre-Tax Accounts:  (select all that apply)

 

ý            are
permitted after age 65 (must be at least age 59-1/2)

 

o                      withdrawal(s)
per               is
(are) permitted

 

o            are
not permitted

 

o            not
applicable

 

27

 

(b)           Withdrawals
of Qualified Nonelective Contributions. Withdrawals from Accounts that
contain qualified nonelective contributions: 
(select all that apply)

 

ý            are permitted after age
65 (must be at least age 59-1/2)

 

o                     withdrawal(s)
per              is
(are) permitted

 

o            are not permitted

 

o            not applicable

 

(c)           Withdrawals
from Safe Harbor Contribution Account. Withdrawals from Safe Harbor
Contribution Accounts:  (select all that
apply)

 

ý            are
permitted after age 65 (must be at least age 59-1/2)

 

o                      withdrawal(s)
per            is (are)
permitted after the age set forth above

 

o            are
not permitted

 

o            not
applicable

 

(d)           Withdrawals
from Employer Contribution Account. Withdrawals from Employer Contribution Accounts:  (select all that apply)

 

ý            are
permitted after:

 

o            the amounts have been credited
to such Account for at least 2 years

 

ý            the Participant has
completed a minimum of 5 Years of Service

 

ý            are
permitted after age 65

 

o                          withdrawal(s)
per               is
(are) permitted

 

o            are
not permitted

 

o            not
applicable

 

(e)           Withdrawals
from Match Accounts. Withdrawals from Match Accounts:  (select all that apply)

 

ý            are
permitted after:  (select one)

 

28

 

o            the amounts have been
credited to such Account for at least 2 years

 

ý            the participant has
completed a minimum of 5 Years of Service

 

ý            are
permitted after age 65    

 

o                          withdrawal(s)
per                 is
(are) permitted

 

o            are
not permitted

 

o            not
applicable

 

(f)            Withdrawals
from Rollover Accounts. Withdrawals from Rollover Accounts: (select all
that apply)

 

ý            are
permitted

 

o                          withdrawal(s)
per                is
(are) permitted

 

o            are
not permitted

 

(g)           Withdrawals
from After Tax Accounts. Withdrawals from After Tax Accounts:  (select all that apply)

 

o            are
permitted

 

o                          withdrawal(s)
per               is
(are) permitted

 

o            are
not permitted

 

ý            not
applicable

 

(h)           Withdrawals
From Pre-87 IRA Accounts. Withdrawals from Pre-87 IRA Accounts:  (select all that apply)

 

o            are
permitted

 

o            are
permitted after age 

 

o                          withdrawal(s)
per                   is
(are) permitted

 

o            are
not permitted

 

ý            not
applicable

 

29

 

(44)         Hardship
Distributions.

 

(a)           Hardship
distributions: (select one)

 

ý            are
permitted

 

o            are
not permitted

 

(b)           If
permitted, hardship distributions shall be made from the following
Accounts:  (select all that apply)

 

ý            Pre-Tax
Account

 

ý            Employer
Contribution Account (other than Qualified Nonelective Contribution amounts)

 

ý            Match
Account (other than Qualified Nonelective Contribution amounts)

 

ý            Distribution
Account

 

ý            Rollover
Account

 

o            Pre-87
IRA Account

 

o            Not
Applicable

 

(45)         Minimum
Amount of Withdrawals. If withdrawals are permitted under Section (43) or
(44) above, the minimum amount of any withdrawal shall be:  (select one)

 

o            the
lesser of $              
or the total vested amount credited to the Participant’s Accounts from which a
withdrawal may be made

 

ý            no
minimum

 

(46)         Rollover
Contributions. This Trust and Plan will accept a rollover contribution
from:  (select all that apply)

 

ý            a
qualified plan described in Code Section 401(a)

 

ý            an
Individual Retirement Account (“IRA”) which holds money previously distributed
to a Participant from a qualified plan described in Code Section 401(a) (“Conduit
IRA”)

 

30

 

o            rollovers
are not permitted

 

(47)         Appointment
of Trustee. The Company hereby designates the following institution or
individual(s) as Trustee(s) under the Trust and Plan:

 

Central Bank and Trust
Company

 

(48)         Application
of Trust Provisions. The trust provisions contained in the Prototype Trust
and Plan document: (select one)(18)

 

ý            shall apply

 

o            shall not apply

 

(49)         Appointment
of Administrator. The Company hereby designates CPI Qualified Plan
Consultants, Inc. as the Administrator of the Trust and Plan.

 

(50)         411(d)(6)
Protection. Benefits protected under Code Section 411(d)(6), if any, are:

 

 

 

 

These benefits are
protected with respect to:  (select one)

 

o            pre-Effective Date
Account only

 

o            total Account

 

(51)         Top Heavy
Provisions.

 

(a)           Top-Heavy
Minimum Benefit. If this Trust and Plan is Top-Heavy for a Plan Year and if
a Participant who is a Non-Key Employee is also a participant in any defined
benefit or defined contribution plan maintained by a Participating Company, the
Top-Heavy minimum benefit shall be provided as follows:  (select one)

 

o            the
minimum benefit required under Code Section 4l6(c)(l) or Code Section
416(h)(2)(A)(ii) shall be provided under one of the defined benefit plans in a
manner such that the

 

(18) If the trust
provisions contained in the Prototype Trust and Plan document are not utilized,
a copy of the trust provisions to be utilized must be provided to and approved
in writing by Calfee, Halter & Griswold LLP.

 

31

 

benefit provided under
such defined benefit plan shall be offset by the actuarial equivalent of the
amounts, if any, credited to the Participant’s Accounts under this Trust and Plan
and any other defined contribution plan maintained by a Participating Company
for such Top-Heavy year or years

 

o            the
minimum benefit required under Code Section 416(c)(1) or Code Section
416(h)(2)(A)(ii) shall be provided under one of the defined benefit plans
maintained by the Participating Company

 

o            the
minimum contribution required under Regulation Section 1.416-1(m)(12) or
Regulation Section 1.416-1(m)(14) shall be provided under one of the defined
contribution plans maintained by the Participating Company

 

(b)           Present
Value. For purposes of establishing present value to compute the Top-Heavy
ratio, any benefit shall be discounted only for mortality and interest based on
the following:

 

Interest Rate:         %

 

Mortality Table:

 

 

(c)           Top-Heavy
Valuation Date. For purposes of computing the Top-Heavy ratio, the
Top-Heavy Valuation Date shall be: 
(select one)

 

o            the
last day of the Plan Year

 

o            other
(specify:                                         

 

(52)         Excess
Annual Additions. For limitation years beginning before January 1, 2000, if
a Participating Company maintains more than one qualified plan and the
limitations set forth in Sections 26.1 and 26.2 of the Trust and Plan are
exceeded, the benefits of a Participant who participates in more than one such
plan will be reduced in the following order:

 

32

 

(53)         Sponsor
Information. The name, address and telephone number of the Sponsor of this
prototype plan are:

 

Calfee, Halter &
Griswold LLP

1400 McDonald Investment
Center

800 Superior Avenue

Cleveland, Ohio
44114-2688

(216) 622-8200

 

Inquiries regarding
adoption of the Trust and Plan, the meaning of any provisions of the Trust and
Plan, or the effect of the Opinion Letter issued to the Sponsor by the Internal
Revenue Service should be directed to the Sponsor at the address set forth
above.

 

(54)         Amendment
or Discontinuance of Plan. The Sponsor of this prototype plan will inform
the Company of any amendments made to the plan or the discontinuance thereof.

 

(55)         Improper
Completion of Adoption Agreement. Failure to properly complete this
Adoption Agreement may result in disqualification of the Trust and Plan.

 

(56)         Basic
Plan Document. This Adoption Agreement may be used only in conjunction with
basic plan document 01.

 

(57)         Reliance. The Company may rely on an Opinion
Letter issued by the Internal Revenue Service as evidence that the Trust and
Plan is qualified under Code Section 401 only to the extent provided in
Announcement 2001-77, 2001-30 I.R.B. The Company may not rely on the Opinion
Letter in certain other circumstances or with respect to those qualification
requirements which are specified in the Opinion Letter and in Announcement
2001-77. In order to have reliance in such circumstances or with respect to
such qualification requirements, an

 

33

 

application
for a determination letter must be made to Employee Plans Determinations of the
Internal Revenue Service.

 

IN WITNESS WHEREOF, the
Company and the Participating Companies, by their duly authorized officers,
have caused this Adoption Agreement to be executed this 12th day of December,
2002.

 

	
  North Coast Energy,
  Inc.

  	
   

  	
  North Coast Energy
  Eastern, Inc.

  	
   

  
	
  (“Company”)

  	
  (“Participating
  Company”)

  
	
   

  	
   

  
	
   

  	
   

  
	
  By

  	
   /s/ Dale E. Stitt

  	
   

  	
  By

  	
   /s/ Dale E. Stitt

  	
   

  
	
   

  	
   

  
	
  And

  	
   /s/ Dean A. Swift

  	
   

  	
  And

  	
   /s/ Dean A. Swift

  	
   

  
								

 

The undersigned Trustee
hereby executes and agrees to act as Trustee under the Trust and Plan.

 

	
   

  	
  Central Bank and Trust
  Co.

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Richard B. Chambers

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Senior Vice President
  & Trust Officer

  	
   

  

 

Calfee, Halter &
Griswold LLP, by its duly authorized representative, hereby acknowledges
receipt of and accepts the foregoing Adoption Agreement this 18th day
of December, 2002.

 

	
   

  	
  CALFEE,
  HALTER & GRISWOLD LLP

  
	
   

  	
  (“Prototype Sponsor”)

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   /s/ P.J. Hauer Jr.

  	
   

  

 

34

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