Document:

Exhibit
10.18

 

ACCURIDE
CORPORATION

 

SUPPLEMENTAL
SAVINGS PLAN

 

(As amended
and restated effective January 1, 2003)

 

ARTICLE I

PREAMBLE

 

Accuride Corporation (the
“Company”) previously adopted the Accuride Corporation Supplemental Savings
Plan (the “Plan”), effective January 1, 1998. 
The Company now wishes to amend and restate the Plan, effective January
1, 2003, to eliminate the Company contribution features of the Plan and to
provide for the distribution of any amounts previously allocated to the Employer
Contributions Accounts.  With this
amendment and restatement, the Company also makes certain other changes to the
Plan.

 

The purpose of the Plan is
to provide a select group of management or highly compensated employees of the
Company and certain of its affiliates with the opportunity to defer a portion
of their compensation.  As a result, the
Plan shall be considered to be a “top hat plan”, exempt from many of the
requirements of the Employee Retirement Income Security Act of 1974
(“ERISA”).  This Plan is not intended to
“qualify” for favorable tax treatment pursuant to Section 401(a) of the
Internal Revenue Code of 1986 (the “Code”) or any successor section or statute.

 

ARTICLE II

DEFINITIONS

 

2.1          DEFINITIONS.

 

When a word or phrase
appears in this Plan with the initial letter capitalized, and the word or
phrase does not begin a sentence, the word or phrase shall generally be a term
defined in this Section 2.1 or in the Preamble.  The following words and phrases used in the Plan with the initial
letter capitalized shall have the meanings set forth in this Section 2.1,
unless a clearly different meaning is required by the context in which the word
or phrase is used:

 

(a)           “Account” or “Accounts” means the accounts which may be maintained
by the Plan Administrator to reflect the interest of a Participant under the
Plan.

 

(b)           “Affiliate” means (1) a corporation which is a member of
the same controlled group of corporations (within the meaning of Section 414(b)
of the Code) as is the Company, (2) any other trade or business (whether or not
incorporated) controlling, controlled by, or under common control with the
Company (within the meaning of Section 414(c) of the Code), and (3) any other
corporation, partnership, or other organization which is a member of an affiliated
service group (within the meaning of Section 414(m) of the Code) with the
Company or which is otherwise required to be aggregated with the Company  pursuant to Section 414(o) of the Code.

 

 

(c)           “Base Salary” means the total regular salary paid by an
Employer to a Participant during the Plan Year, determined prior to any
deferrals made by the Employee under this Plan, the Savings Plan or a cafeteria
plan within the meaning of Code Section 125. 
“Base Salary” excludes commissions, bonuses, overtime, living or other
allowances, contributions by an Employer under this Plan or any other employee
benefit plan of the Employer or other extra, incentive, premium, contingent,
supplemental, or additional compensation, all as determined and defined by the Plan
Administrator in the exercise of its discretion.

 

(d)           “Beneficiary” means the person or trust that a
Participant, in his most recent written designation filed with the Plan
Administrator, shall have designated to receive his Accounts under the Plan in
the event of his death.

 

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

 

(f)            “Cash Balance Contributions
Account” means
the Account maintained to record the “Cash Balance Contributions”, if any, made
by an Employer on behalf of a Participant pursuant to the provisions of this
Plan as in effect prior to the adoption of this amended and restated Plan
document.

 

(g)           “Change of Control”  For
purposes of this Plan, a “Change of Control” shall be deemed to have taken
place at the time:  (1) when any
“person” or “group” of persons (as such terms are used in Sections 13 and 14 of
the Securities Exchange Act of 1934, as amended from time to time (the
“Exchange Act”)), other than the Company or any employee benefit plan sponsored
by the Company, becomes the “beneficial owner” (as such term is used in Section
13 of the Exchange Act) of 25% or more of the total number of the Company’s
common shares at the time outstanding; (2) of the approval by the vote of the
Company’s stockholders holding at least 50% (or such greater percentage as may
be required by the Certificate of Incorporation or By-Laws of the Company or by
law) of the voting stock of the Company of any merger, consolidation, sale of
assets, liquidation or reorganization in which the Company will not survive as
a separate entity, provided, that if a merger or consolidation would result in
the voting securities of the Company outstanding immediately prior thereto
continuing to represent, either by remaining outstanding or by being converted
into voting securities of the surviving entity, at least 75% of the combined
voting power of the voting securities of the Company or such surviving entity
outstanding immediately after such merger or consolidation, the merger or
consolidation will be disregarded; or (3) when the individuals who, at the
beginning of any period of two years or less, constituted the Board of
Directors of the Company cease, for any reason, to constitute at least a
majority thereof, unless the election or nomination for election of each new
director was approved by the vote of at least two-thirds of the directors then
still in office who were directors at the beginning of such period.

 

(h)           “Compensation” means the sum of a Participant’s Base Salary
and Incentive Compensation.  A
Participant’s Retirement Allowance will be disregarded.

 

(i)            “Deferral Contributions” means the Regular and Special Purpose
Deferral Contributions made by a Participant pursuant to Section 4.1.

 

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(j)            “Deferral Contributions Account”
means the Account
maintained to record the Deferral Contributions made by a Participant pursuant
to Section 4.1.  The Deferral
Contributions Account shall be divided into as many subaccounts as the Plan
Administrator deems necessary to distinguish between the different types of
Deferral Contributions and the dates on which they are to be distributed.

 

(k)           “Disability”
For purposes of this Plan, a Participant shall be conclusively presumed to be
under Disability only during the period of time that the Participant qualifies
to receive, without considering any offsets, long-term disability payments
under his Employer’s Long Term Disability Insurance Plan.

 

(l)            “Distribution Date” means the date or dates selected by the
Participant and agreed to by the Plan Administrator on the form prescribed by
the Plan Administrator as the date or dates on which the Participant’s Special
Purpose Deferral Contributions are to be distributed to the Participant.

 

(m)          “Employee” means any individual classified by his
Employer as a common law employee of the Employer.  For this purpose, the classification that is relevant is the
classification in which such individual is placed by the Employer for purposes
of this Plan and the classification of such individual for any other purpose
(e.g., employment tax or withholding purposes) shall be irrelevant.  If an individual is characterized as a
common law employee of the Employer by a governmental agency or court but not
by the Employer, such individual shall be treated as an employee who has not
been designated for participation in this Plan.

 

(n)           “Employer” means the Company and any Affiliate that has
adopted this Plan pursuant to Section 3.5.

 

(o)           “Employer Contributions Accounts”
means the Cash
Balance Contributions Account, the Profit Sharing Contributions Account and the
Matching Contributions Account maintained for a Participant.

 

(p)           “Incentive
Compensation” means the amount awarded to any Participant in any
year under the Accuride Corporation Annual Incentive Compensation Plan or under
any other incentive or bonus program adopted by his Employer.

 

(q)           “Investment Fund” means the investment fund or funds
established by the Plan Administrator pursuant to Section 6.3.

 

(r)           “Matching Contributions Account”
means the Account
maintained to record the “Matching Contributions”, if any, made by an Employer
on behalf of a Participant pursuant to the provisions of this Plan as in effect
prior to the adoption of this amended and restated Plan document.

 

(s)           “Normal Retirement
Age” shall have the same meaning as provided under the
Retirement Plan.

 

3

 

(t)            “Participant” means any Employee selected for
participation pursuant to Section 3.1. 
Depending on the context, the term Participant also may refer to a
current or former Employee who no longer is making contributions to the Plan
but who has not received a distribution of all amounts to which he is entitled.

 

(u)           “Plan Administrator” means the Company, but the Company may carry
out some or all of its responsibilities under the Plan in accordance with
Section 9.3.

 

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

 

(w)           “Profit Sharing Contributions
Account” means
the Account maintained to record the “Profit Sharing Contributions” made on
behalf of a Participant pursuant to the provisions of this Plan as in effect
prior to the adoption of this amended and restated Plan document.

 

(x)           “Regular Deferral Contribution” means a Deferral Contribution that may only
be distributed following a Participant’s termination of employment.

 

(y)           “Retirement Allowance”  with
respect to any calendar year means the amount a Participant is entitled to
receive in accordance with the terms of the Company’s Retirement Allowance
Policy, as in effect and amended from time to time.

 

(z)           “Retirement Plan” means the Accuride Retirement Plan, as in
effect and amended from time to time. 
The Retirement Plan was formerly known as the Accuride Cash Balance
Pension Plan.

 

(aa)         “Savings Plan” means the Accuride Employee Savings Plan, as
in effect and amended from time to time.

 

(bb)         “Special Purpose Deferral
Contribution”
means a Deferral Contribution that will become distributable upon a Distribution
Date designated by the Participant on the form prescribed by the Plan
Administrator.

 

(cc)         “Trust Agreement” means that certain trust agreement
established pursuant to the Plan between the Company and the Trustee or any
trust agreement hereafter established, the provisions of which are incorporated
herein by reference.

 

(dd)         “Trustee” means the Trustee under the Trust Agreement.

 

(ee)         “Trust Fund” means all assets of whatsoever kind or nature
held from time to time by the Trustee pursuant to the Trust Agreement, without
distinction as to income and principal and without regard to source, (i.e.,
Employer or Participant contributions, earnings or forfeitures).

 

(ff)           “Valuation Date” means each day on which the New York Stock
Exchange is open for trading.

 

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2.2          CONSTRUCTION.

 

The masculine gender, where
appearing in the Plan, shall include the feminine gender (and vice versa), and
the singular shall include the plural, unless the context clearly indicates to
the contrary.  Headings and subheadings
are for the purpose of reference only and are not to be considered in the
construction of this Plan.  If any
provision of this Plan is determined to be for any reason invalid or
unenforceable, the remaining provisions shall continue in full force and
effect.  All of the provisions of this
Plan shall be construed and enforced in accordance with the laws of the State
of Indiana, to the extent not preempted by ERISA.

 

ARTICLE III

ELIGIBILITY

 

3.1          SELECTION
OF PARTICIPANTS.

 

(a)           GENERAL RULE.  For
purposes of Title I of ERISA, the Plan is intended to be an unfunded plan of
deferred compensation covering a select group of management or highly
compensated employees.  As a result,
participation in the Plan shall be limited to Employees who are properly
included in one or both of these categories. 
From such group, the Plan Administrator shall select Employees for
participation in the Plan.  The Plan
Administrator’s selections shall be made in its discretion and shall be final
and binding for all purposes under this Plan.

 

(b)           NO WAITING PERIODS.  A
Participant need not complete any particular period of service in order to be
eligible to make Deferral Contributions.

 

(c)           LIMITATION OF PARTICIPATION.  The
Plan Administrator, in the exercise of its discretion, may exclude an Employee
who otherwise meets the requirements of this Section 3.1 from participation in
the Plan.

 

3.2          PARTICIPATION
ELECTIONS.

 

Each Participant shall make
an election to participate in the Plan on such form or forms and at such time
as the Plan Administrator shall require. 
In the election, the Participant shall select the amount or rate of
Deferral Contributions to be made for the following Plan Year and shall characterize
the Deferral Contributions as either Regular or Special Purpose Deferral
Contributions.  If Special Purpose
Deferral Contributions are being made, the Participant also shall select a
Distribution Date or Distribution Dates for such Contributions.  If Regular Deferral Contributions are being
made, the Participant shall select the manner in which distributions are to be
made from the Participant’s Accounts and whether distributions are to commence
immediately following the Participant’s termination of employment or whether
they are to be postponed until the later of termination of employment or a
specified date.  If the Participant
elects to make any type of Deferral Contributions, the Participant shall
authorize the reduction of the Participant’s Compensation in an amount equal to
his Deferral Contributions.  The
election

 

5

 

form or forms also may set forth such other information as the Plan
Administrator shall require.  If a
Participant’s initial election form is executed and delivered within 30 days of
the day on which the Participant is notified that he is eligible to participate
in the Plan, the Participant’s Deferral Contributions may be determined with
reference to Compensation earned on or after the first day of the first full
payroll period next following receipt of the election form by the Plan
Administrator or as of such other uniform date (not earlier than the first day
of the next full payroll period) as may be designated by the Plan
Administrator.  If the Participant does
not execute and deliver an initial election form within the initial 30 day
period, the Participant’s Deferral Contributions may be determined with
reference to Compensation earned on or after the first day of the first payroll
period in any later Plan Year if the Participant executes and delivers the
appropriate form or forms to the Plan Administrator at least 30 days (or such
other period specified by the Plan Administrator pursuant to rules of uniform
application) prior to the first day of such Plan Year.

 

3.3          REVISED
ELECTIONS.

 

A Participant must file a
new election form prior to the beginning of each Plan Year which shall set
forth the amount or rate of his Deferral Contributions for the new Plan Year,
and also shall characterize the Deferral Contributions as either Regular or
Special Purpose Deferral Contributions. 
If Special Purpose Deferral Contributions are being made, the new
election form also shall set forth the Distribution Date or Distribution Dates
for such Contributions.  The new amount
or rate of Deferral Contributions will only apply to Deferral Contributions
made for the relevant Plan Year and the new form must be filed at least 30 days
(or such other period specified by the Plan Administrator pursuant to rules of
uniform application) before the first day of such Plan Year.  A Participant may change the method of
distributions or the timing of the commencement of distributions of Regular
Deferral Contributions at any time by filing the appropriate form as prescribed
by the Plan Administrator.  The new
election will be honored only if the appropriate form is filed at least one (1)
year prior to the Participant’s termination of employment.  A Participant may not change the
Distribution Date for Special Purpose Deferral Contributions that are made
prior to the date on which a new election form is effective.  In a new election form, however, the
Participant may designate a different or additional Distribution Date for
Special Purpose Deferral Contributions to be made in the future.

 

3.4          DISCONTINUANCE OF PARTICIPATION.

 

Once an individual is
designated as a Participant, he will continue as such for all future Plan Years
unless and until the Plan Administrator specifically acts to discontinue his
participation or the Participant’s participation is suspended pursuant to
Section 5.3(c).  The Plan Administrator
may discontinue a Participant’s participation in the Plan at any time for any
or no reason.  If a Participant’s
participation is discontinued, he will no longer be eligible to make Deferral
Contributions.  The Participant will not
be entitled to receive a distribution, however, until the occurrence of one of
the events listed in Articles V or VIII, unless the Plan Administrator, in the
exercise of its discretion, directs that a distribution be made as of an
earlier date, in which case the Participant’s Accounts shall be distributed on
the same basis as if the Participant’s employment had been terminated.

 

6

 

3.5          ADOPTION
BY AFFILIATES.

 

Any Affiliate of the Company
may adopt this Plan with the approval of the Plan Administrator.  Any Affiliate that permits an Employee to
make Deferral Contributions pursuant to Section 4.1 shall be deemed to have
adopted this Plan without any further action. 
At the request of the Plan Administrator, however, the Affiliate shall
evidence its adoption of the Plan by an appropriate resolution of its Board of
Directors or in such other manner as may be authorized by the Plan
Administrator.  By adopting this Plan,
the Affiliate shall be deemed to have agreed to make the contributions called
for by Article IV, agreed to comply with all of the other terms and provisions
of this Plan, delegated to the Plan Administrator the power and responsibility
to administer this Plan with respect to the Affiliate’s Employees, and
delegated to the Company the full power to amend or terminate this Plan with
respect to the Affiliate’s Employees.

 

3.6          CHANGE
IN AFFILIATE STATUS.

 

If an Affiliate that has
adopted this Plan ceases to be an Affiliate of the Company, that Affiliate
shall no longer be an Employer and all Participants employed by that Affiliate
on the date the Affiliate ceases to be an Affiliate shall be deemed to have
terminated employment on such date.

 

3.7          SPECIAL
ARRANGEMENTS.

 

The Company has the
discretion to enter into special arrangements with individuals which allow such
individuals to receive benefits on some basis other than pursuant to the
provision of ARTICLES III, IV and V. 
All such special arrangements shall be set forth in writing.  The remaining provisions of this Plan may
apply to any such individual if the Company and the individual so agree;
provided, however, that if any provision of this Plan conflicts with a
provision included in the written document that describes the special
arrangement, the provision of the written document shall control.

 

ARTICLE IV

CONTRIBUTIONS

 

4.1          PARTICIPANT
CONTRIBUTIONS.

 

(a)           GENERAL RULE.  For
any Plan Year, a Participant may elect to defer a portion of the Base Salary or
Incentive Compensation otherwise payable to him.  Any such deferrals shall be expressed in whole percentages or as
a specific dollar amount, as specified in the Participant’s election form.  Except as otherwise provided in Section
13.4, amounts deferred shall be transferred by the Company or the appropriate
Affiliate to the Trust.  A Participant
may not elect to defer any portion of his Retirement Allowance.

 

(b)           REGULAR OR SPECIAL PURPOSE
DEFERRAL CONTRIBUTIONS.  As provided in Sections 3.2
and 3.3, in each election form filed by a Participant, the Participant shall

 

7

 

characterize his Deferral Contributions as Regular Deferral
Contributions or Special Purpose Deferral Contributions.  Pursuant to Article V, Regular Deferral Contributions
are only distributable following the Participant’s termination of
employment.  Special Purpose Deferral
Contributions become distributable upon the Distribution Date specified by the
Participant. Unless the Plan Administrator adopts rules limiting the number of
Distribution Dates that a Participant may specify, the Participant may
designate any number of Distribution Dates.

 

(c)           LIMITATIONS ON DEFERRALS.  The
Plan Administrator may limit a Participant’s Deferral Contributions in
accordance with such uniform rules as it may adopt from time to time.

 

(d)           CHANGE IN CONTRIBUTIONS.  As
provided in Section 3.3, a Participant must file a new election form prior to
each new Plan Year to select the amount or rate of Deferral Contributions for
the following Plan Year.  If a
Participant does not file a new election form at such time, no Deferral
Contributions will be withheld from the Participant’s Compensation during the
following Plan Year.

 

(e)           SUSPENSION OF DEFERRAL
CONTRIBUTIONS.  A Participant may suspend the Deferral
Contributions being made from his Base Salary at any time by so notifying the
Plan Administrator in writing and in accordance with such rules of uniform
application as the Plan Administrator may adopt from time to time.  If a Participant suspends his Deferral
Contributions with respect to Base Salary, the Participant may not file a new
election form electing to make Deferral Contributions with respect to Base
Salary until the December 1 of the year following the year in which such
suspension occurred.  The Deferral
Contributions made pursuant to such new election form may then commence in
accordance with the provisions of Section 3.3. 
A Participant may not suspend the Deferral Contributions being made from
his Incentive Compensation.

 

4.2          EMPLOYER
CONTRIBUTIONS.

 

Pursuant to the provisions
of this Plan as in effect prior to the adoption of this amended and restated
Plan document, the Employer made Cash Balance Contributions, Matching
Contributions and Profit Sharing Contributions on behalf of its eligible
Employees.  These contributions were
allocated to the Participants’ Cash Balance Contributions Accounts, Matching
Contributions Accounts, and Profit Sharing Contributions Accounts.  All Cash Balance Contributions, Matching
Contributions, and Profit Sharing Contributions have been discontinued,
effective as of January 1, 2003.  The
Cash Balance Contributions Accounts, Matching Contributions Accounts, and
Profit Sharing Contributions Accounts will be distributed pursuant to Section
8.1.

 

8

 

ARTICLE V

IN-SERVICE DISTRIBUTIONS AND WITHDRAWALS

 

5.1          SPECIAL PURPOSE DEFERRAL
CONTRIBUTIONS.

 

A Participant may designate
a Distribution Date for Special Purpose Deferral Contributions in his initial
or any subsequent election form. If the Participant makes such an election, the
subaccount in the Participant’s Deferral Contributions Account that is
maintained in order to record the Special Purpose Deferral Contributions that
are to be distributed as of that Distribution Date will be distributed to the
Participant as of the Distribution Date in one lump sum payment.  The Distribution Date election shall apply
only to subaccounts attributable to Special Purpose Deferral Contributions and
no amounts attributable to Regular Deferral Contributions subaccounts or
Employer Contributions Accounts will be distributed pursuant to a  Distribution Date election.  As a general rule, the death, Disability, or
other termination of employment of a Participant shall not have any impact on
the timing of the distribution of Special Purpose Deferral Contribution
subaccounts, which will be distributed to the Participant (or the Participant’s
Beneficiary in the case of death) as of the originally selected Distribution
Date even though the Participant is no longer employed by an Employer.  In the exercise of its discretion, however,
the Plan Administrator may order the distribution of all or any of said
subaccounts at any time following the Participant’s death, Disability or other
termination of employment and prior to the designated Distribution Date.

 

5.2          HARDSHIP.

 

In the event of an
unforeseeable financial emergency, a Participant may make a written request to
the Plan Administrator for a hardship withdrawal from his Deferral Contributions
Account.  The maximum hardship
withdrawal shall be the balance of the Account or Accounts to which such
hardship withdrawal is charged.  For
purposes of this Plan, an “unforeseeable financial emergency” is defined as a
severe financial hardship to the Participant resulting from a sudden and
unexpected illness or accident of the Participant or a dependent (as such term
is defined in Section 152(a) of the Code) of the Participant, loss of the
Participant’s property due to casualty, or other similar extraordinary and
unforeseeable circumstances arising as a result of events beyond the control of
the Participant.  The granting of a
Participant’s request for a hardship withdrawal shall be left to the absolute,
unfettered discretion of the Plan Administrator and the Plan Administrator may
deny such request even if an unforeseeable financial emergency clearly
exists.  A request for a hardship
withdrawal must be made in writing at least 30 days in advance, on a form provided
by the Plan Administrator, and must be expressed as a specific dollar
amount.  The amount of a hardship
withdrawal may not exceed the lesser of the amount required to meet the
Participant’s unforeseeable financial emergency or the maximum withdrawal
referred to above.  A hardship withdrawal
will not be permitted to the extent that the hardship is or may be relieved
through reimbursement or compensation by insurance or otherwise, liquidation of
the Participant’s assets to the extent that such liquidation would not itself
cause a severe financial hardship, by the cessation of Deferral Contributions,
or by a loan from the Savings Plan.

 

9

 

5.3          ACCELERATION
OF BENEFITS.

 

(a)           GENERAL.  A
Participant may elect to receive an accelerated withdrawal from his Deferral
Contributions Account by filing an election with the Plan Administrator on such
forms as may be prescribed from time to time by the Plan Administrator.  If a Participant who is a current Employee
makes such an election, except as otherwise provided below, the Participant
shall receive a single lump sum payment equal to 90% of the Participant’s
Deferral Contributions Account balance. 
If a Participant who is no longer an Employee makes such an election,
except as otherwise provided below, the Participant shall receive a single lump
sum payment equal to 80% of the Participant’s Deferral Contributions Account
balance.  For purposes of determining
the amount to be distributed, the Participant’s Deferral Contributions Account
shall be valued as of the effective date of the withdrawal.  The accelerated withdrawal shall be paid as
soon as reasonably possible following the effective date.

 

(b)           FORFEITURE.  A
Participant who is a current Employee shall forfeit the remaining 10% of his
Deferral Contributions Account as of the day on which the accelerated
withdrawal is distributed to the Participant. 
A Participant who is a former Employee shall forfeit the remaining 20%
or his Deferral Contributions Account as of the day on which the accelerated
withdrawal is distributed to the Participant.

 

(c)           SUSPENSION OF PARTICIPATION.  If a
Participant elects to receive an accelerated withdrawal, the Participant’s
right to make Deferral Contributions shall be suspended for 12 months from the
date the accelerated withdrawal is paid to the Participant.  Upon expiration of the 12-month suspension
period, the Participant shall be permitted to execute a new election form and
to begin making Deferral Contributions 
as of the first day of the first payroll period in any subsequent Plan
Year.

 

5.4          LIMITATION
ON DISTRIBUTIONS.

 

To the extent that any
payment under this Article, when combined with all other payments received
during the year that are subject to the limitations on deductibility under
Section 162(m) of the Code, exceeds the limitations on deductibility under
Section 162(m) of the Code, such payment shall, in the discretion of the Plan
Administrator, be deferred to a later calendar year.  Such deferred amounts shall be paid in the next succeeding
calendar year, provided that such payment, when combined with any other
payments subject to the Section 162(m) limitations received during the year,
does not exceed the limitations on deductibility under Section 162(m) of the
Code.

 

ARTICLE VI

 

CREDITING
OF CONTRIBUTIONS AND EARNINGS

 

6.1          TRANSFER TO TRUSTEE; ALLOCATION OF
CONTRIBUTIONS.

 

All Deferral Contributions
shall be transmitted to the Trustee by the Company and the adopting Affiliates
as soon as reasonably practicable.  The
Deferral Contributions made by a

 

10

 

Participant shall be
credited to the Deferral Contributions Account for that Participant.  The Plan Administrator shall maintain a
separate subaccount within the Deferral Contributions Account to record the
Special Purpose Deferral Contributions (and any investment earnings or losses
attributable to those Special Purpose Deferral Contributions) that are to be
distributed as of each Distribution Date selected by a Participant. The Plan
Administrator also may maintain such other subaccounts as it deems necessary or
desirable.  All payments from an Account
between Valuation Dates shall be charged against the Account as of the
preceding Valuation Date.  The Accounts
are bookkeeping accounts only and the Plan Administrator is not in any way
obligated to segregate assets for the benefit of any Participant.

 

6.2          INVESTMENT
EARNINGS OR LOSSES.

 

As of each Valuation Date,
the Plan Administrator will determine the positive or negative earnings for
each of the Investment Funds pursuant to Section 6.3(c).  The Plan Administrator then will determine
the portion of the “adjusted balance” of each of the Participant’s Accounts
that is invested in each of the Investment Funds and will allocate the positive
or negative earnings to Participant Accounts in proportion to the “adjusted
balance” for that Account and that Investment Fund.  For this purpose, the “adjusted balance” of an Account will be
the balance of the Account as of the preceding Valuation Date less all
withdrawals, distributions and other amounts chargeable against the Account
pursuant to any other provisions of this Plan since the prior Valuation
Date.  The earnings adjustments
allocated to any Account shall be allocated among the subaccounts of that
Account in the same manner.

 

6.3          INVESTMENT
DIRECTION.

 

(a)           INVESTMENT FUNDS.  The
Plan Administrator shall designate two or more Investment Funds in which each
Participant shall direct the investment of 
amounts credited to his Accounts. Any of the Investment Funds may be
changed from time to time by the Plan Administrator.

 

(b)           PARTICIPANT DIRECTIONS.

 

(1)           GENERAL.  Upon
becoming a Participant in the Plan, each Participant may direct that all of the
amounts attributable to his Accounts be invested in a single Investment Fund or
may direct fractional (percentage) increments of his Accounts to be invested in
such Investment Fund or Investment Funds as he shall desire, in accordance with
such procedures, if any, as may be established by the Plan Administrator.  As of each Valuation Date, a Participant may
change his designations with respect to future contributions and direct
transfers among Investment Funds by making an election in accordance with such
procedures as may be established by the Plan Administrator.  The designation will continue until changed
in accordance with such procedures.

 

(2)           DEFAULT SELECTION.  In
the absence of any designation, a Participant will be deemed to have directed
the investment of all of his Accounts in the Investment Fund that is most
equivalent to the default investment fund in effect for purposes of the Savings
Plan.

 

11

 

(3)           IMPACT OF ELECTION.  The
Participant’s selection of Investment Funds shall serve only as a measurement
of the value of the Accounts of said Participant pursuant to Section 6.2 and
Section 6.3(c) and the Plan Administrator and the Trustee are not required to
invest a Participant’s Accounts in accordance with the Participant’s
selections.

 

(c)           RATE OF RETURN.  As
soon as possible after each Valuation Date, the Plan Administrator shall
determine the rate of return, positive or negative, experienced on each of the
Investment Funds.  The rate of return
determined by the Plan Administrator in good faith and in its discretion
pursuant to this Section shall be binding and conclusive on the Participant,
the Participant’s Beneficiary and all parties claiming through them.  The Plan Administrator may delegate the
responsibility for calculating the rate of return and the calculation and
allocation of the investment earnings adjustments to the Accounts to a third
party.

 

(d)           CHARGES.  In
the exercise of its discretion, the Plan Administrator may charge one or more
of the Participant’s Accounts for the reasonable expenses of carrying out
investment instructions directly related to the Accounts, as the Plan
Administrator deems appropriate.

 

ARTICLE VII

 

VESTING

 

7.1          VESTING.

 

Subject to Section 13.3, a
Participant shall have a fully vested and nonforfeitable interest in his
Deferral Contributions Account at all times. 
Effective as of the date of adoption of this amended and restated Plan,
each Participant who is actively employed by an Employer on such date shall
have a fully vested and nonforfeitable interest in his Employer Contributions
Accounts.

 

ARTICLE VIII

 

PAYMENT OF
BENEFITS

 

8.1          PAYMENT. 

 

(a)           TIMING.  With
the exception of the distribution or withdrawal of amounts pursuant to Article
V and the distribution of amounts pursuant to Sections 8.1(c) and (d), no
distributions will be made to a Participant prior to the Participant’s death or
termination of employment with the Company and all Affiliates.  Subject to the provisions of Section 5.1,
which deals with the distribution of the Special Purpose Deferral Contributions
subaccounts in a Participant’s Deferral Contributions Account, following the
Participant’s death or termination of employment, distributions normally will
be made as soon as possible and in any event shall commence within 60 days
following the end of the Plan Year in which the Participant dies or terminates
employment.  As provided in Section 3.2
and Section 3.3, a Participant may elect in his initial or any revised election
form to defer the receipt of distributions until the later of termination of
employment or a specified date.  If such
an election has been made (and, if the

 

12

 

election was made in a revised election form, the election form has
been in effect for the requisite period of time provided in Section 3.3),
distributions to the Participant (or the Participant’s Beneficiary in the case
of death) shall be postponed to the extent necessary to honor such election.

 

(b)           AMOUNT.  When
the Participant is eligible to receive a distribution pursuant to Section
8.1(a), he shall be entitled to a distribution (in the form provided in
accordance with Section 8.2) of the amounts credited to his Deferral
Contributions Account.

 

(c)           SPECIAL PAYMENT PROVISIONS
APPLICABLE ON SALE OF AFFILIATE.  A Participant who is employed
by an Affiliate as of the date that the Affiliate ceases to be an Affiliate for
purposes of this Plan shall receive a distribution of his or her accounts as
soon as possible following such date, regardless of any prior election made by
the Participant to defer the receipt of benefits pursuant to Section 3.2 and
Section 3.3.

 

(d)           ACCELERATED PAYMENT OF EMPLOYER
CONTRIBUTIONS ACCOUNTS.  Pursuant to Section 12.3, the
Company may reduce, temporarily suspend, or discontinue contributions under the
Plan.  Under the provisions of this Plan
as in effect prior to the adoption of this amended and restated Plan document,
the Employer made Cash Balance Contributions, Matching Contributions, and
Profit Sharing Contributions on behalf of its eligible Employees.  These contributions were allocated to the
Participants’ Cash Balance Contributions Accounts, Matching Contributions
Accounts, and Profit Sharing Contributions Accounts.  Effective as of January 1, 2003, all Employer contributions have
been discontinued.  Pursuant to the
authority conferred upon it pursuant to Sections 12.3 and 13.9, the Company,
acting as Plan Administrator, has decided to accelerate the payment of the
Employer Contributions Accounts.  To the
extent practical, the amounts credited to the Employer Contributions Accounts
of all Participants shall be distributed in a single lump sum on or before
December 31, 2003.

 

8.2          METHOD
OF PAYMENT.

 

Any payments from a
Participant’s Accounts shall be made either in a lump sum in cash, or in cash
payments in substantially equal annual installments over a period certain not
exceeding 10 years, such method of payment to be elected by the Participant in
his initial election form or in any revised election form that has been in
effect for the requisite period of time specified in Section 3.3.  If installment payments are made, the
provisions of Sections 6.2 and 6.3 shall continue to apply to the unpaid
balance.  Unless a Participant has
affirmatively elected to receive payments in installments over a period of 10
years or less, the Participant’s Accounts shall be distributed in one lump
sum.  If a Participant is married at the
time an election form or a revised election form is filed, an election to
receive payments in other than a lump sum shall be ineffective unless the
Participant’s spouse consents to such election on a form prescribed by or
acceptable to the Plan Administrator for that purpose.

 

8.3          BENEFICIARY
DESIGNATIONS.

 

In the event of the death of
the Participant, the Participant’s interest in his Accounts shall be paid to the
Participant’s Beneficiary.  Each
Participant shall have the right to designate, on

 

13

 

forms supplied by and
delivered to the Plan Administrator, a Beneficiary or Beneficiaries to receive
his benefits hereunder in the event of the Participant’s death.  If the Participant is married at the time
the Beneficiary Designation is filed, the designation will be ineffective
unless the designation names the spouse as the Beneficiary of at least 50% of
the Participant’s Accounts or the Participant’s spouse consents to the
designation.  If a Participant marries
after a Beneficiary Designation is filed, the designation will no longer be
effective.  Subject to the spousal
consent requirements noted above, each Participant may change his Beneficiary
designation from time to time in the manner described above.  Upon receipt of such designation by the Plan
Administrator, such designation or change of designation shall become effective
as of the date of the notice, whether or not the Participant is living at the
time the notice is received.  There
shall be no liability on the part of the Employer, the Plan Administrator or
the Trustee with respect to any payment authorized by the Plan Administrator in
accordance with the most recent valid Beneficiary designation of the
Participant in its possession before receipt of a more recent and valid
Beneficiary designation.  If no
designated Beneficiary is living when benefits become payable, or if there is
no validly designated Beneficiary, the Beneficiary shall be the Participant’s
estate.  If the designated Beneficiary
dies after the payment of benefits begin, then the Beneficiary for the
remainder of the benefits payable shall be the estate of the Beneficiary.

 

8.4          LIMITATION
ON DISTRIBUTIONS.

 

Distributions made under
this Article shall be subject to the same limitations set forth in Section 5.4
of the Plan.

 

ARTICLE IX

 

ADMINISTRATION
OF THE PLAN

 

9.1          ADOPTION
OF TRUST.

 

The Company shall enter into
a Trust Agreement with the Trustee, which Trust Agreement shall form a part of
this Plan and is hereby incorporated herein by reference.

 

9.2          POWERS
OF THE PLAN ADMINISTRATOR.

 

(a)           GENERAL POWERS OF PLAN
ADMINISTRATOR.  The Plan Administrator shall have the power
and discretion to perform the administrative duties described in this Plan or
required for proper administration of the Plan and shall have all powers
necessary to enable it to properly carry out such duties.  Without limiting the generality of the
foregoing, the Plan Administrator shall have the power and discretion to
construe and interpret this Plan, to hear and resolve claims relating to the
Plan and to decide all questions and disputes arising under the Plan.  The Plan Administrator shall determine, in
its discretion, the service credited to the Participants, the status and rights
of a Participant, and the identity of the Beneficiary or Beneficiaries entitled
to receive any benefits payable on account of the death of a Participant.

 

14

 

(b)           PARTICIPATION.  The
Plan Administrator also shall have the discretion to exclude employees from
participation in the Plan and to discontinue a Participant’s participation in
the Plan.

 

(c)           DISTRIBUTIONS.  All
benefit disbursements by the Trustee shall be made upon the instructions of the
Plan Administrator.

 

(d)           DECISIONS CONCLUSIVE.  The
decisions of the Plan Administrator upon all matters within the scope of its
authority shall be binding and conclusive upon all persons.

 

(e)           REPORTING.  The
Plan Administrator shall file all reports and forms lawfully required to be
filed by the Plan Administrator and shall distribute any forms, reports or
statements to be distributed to Participants and others.

 

(f)            INVESTMENTS.  The
Plan Administrator shall keep itself advised with respect to the investment of
the Trust Fund.

 

(g)           ELECTRONIC ADMINISTRATION.  The
Plan Administrator shall have the authority to employ alternative means
(including, but not limited to, electronic, internet, intranet, voice response,
or telephonic) by which Participants may submit their elections and forms
required for participation in, and the administration of, this Plan.

 

9.3          CREATION
OF COMMITTEE.

 

As a general rule, a
committee shall perform the Company’s duties as Plan Administrator.  Nevertheless, the Company reserves to
itself, as the formal Plan Administrator, the power to accelerate the
distribution of the Employee Contributions Accounts pursuant to Sections 12.3
and 13.9.  The committee shall consist
of at least two members, and they shall hold office during the pleasure of the
Board of Directors.  Unless and until
the Company appoints other individuals to serve on this committee, the
committee members shall be the members of the Company’s Benefits Administration
Committee as they may change from time to time.  The committee members shall serve without compensation but shall
be reimbursed for all expenses by the Company. 
The committee shall conduct itself in accordance with the provisions of
this Section 9.  The members of the
committee may resign with 30 days notice in writing to the Company and may be
removed immediately at any time by written notice from the Company.

 

9.4          CHAIRMAN
AND SECRETARY.

 

The committee shall elect a
chairman from among its members and shall select a secretary who is not
required to be a member of the committee and who may be authorized to execute
any document or documents on behalf of the committee.  The secretary of the committee or his designee shall record all
acts and determinations of the committee and shall preserve and retain custody
of all such records, together with such other documents as may be necessary for
the administration of this Plan or as may be required by law.

 

15

 

9.5          APPOINTMENT
OF AGENTS.

 

The committee may appoint
such other agents, who need not be members of the committee, as it may deem
necessary for the effective performance of its duties, whether ministerial or
discretionary, as the committee may deem expedient or appropriate.  The compensation of any agents who are not
employees of the Company shall be fixed by the committee within any limitations
set by the Board of Directors.

 

9.6          MAJORITY VOTE AND EXECUTION OF
INSTRUMENTS.

 

In all matters, questions
and decisions, the action of the committee shall be determined by a majority
vote of its members.  They may meet
informally (which may include attendance by conference call) or take any
ordinary action without the necessity of meeting as a group.  All instruments executed by the committee
shall be executed by a majority of its members or by any member of the
committee designated to act on its behalf. 
The committee may adopt such bylaws and regulations as it deems
desirable for the conduct of its affairs.

 

9.7          ALLOCATION
OF RESPONSIBILITIES.

 

The committee may allocate
responsibilities among its members or designate other persons to act on its
behalf.  Any allocation or designation,
however, must be set forth in writing and must be retained in the permanent
records of the committee.

 

9.8          CONFLICT
OF INTEREST.

 

No member of the committee
who is a Participant shall take any part in any action in connection with his
participation as an individual.  Such
action shall be voted or decided by the remaining members of the committee.

 

9.9          ACTION
TAKEN BY COMPANY.

 

Any action to be taken by
the Company shall be taken by resolution adopted by the Board of Directors;
provided, however, that by resolution the Board of Directors may delegate to
any committee of the Board, any committee of officers or other employees, or
any officer of the Company the authority to take any actions hereunder.

 

9.10        DELEGATIONS
OF AUTHORITY.

 

All delegations of
responsibility set forth in this document regarding the determination of
benefits and the interpretation of the terms of the Plan confer discretionary
authority upon the Plan Administrator; provided, however, that the Plan
Administrator shall not retain any such discretionary authority after a Change
of Control occurs.

 

16

 

9.11        INDEMNIFICATION.

 

To the extent permitted by
law, the Company shall and does hereby jointly and severally indemnify and
agree to hold harmless the employees, officers and directors of it and its
Affiliates who serve in fiduciary or other capacities with respect to the Plan
from all loss, damage, or liability, joint or several, including payment of
expenses in connection with defense against any such claim, for their acts,
omissions and conduct, and for the acts, omissions or conduct of their duly
appointed agents, which acts, omissions or conduct constitute or are alleged to
constitute a breach of such individual’s fiduciary or other responsibilities
under ERISA or any other law, except for those acts, omissions, or conduct
resulting from his own willful misconduct, willful failure to act, or gross
negligence; provided, however, that if any party would otherwise be entitled to
indemnification hereunder in respect of any liability and such party shall be
insured against loss as a result of such liability by any insurance contract or
contracts, such party shall be entitled to indemnification hereunder only to
the extent by which the amount of such liability shall exceed the amount
thereof payable under such insurance contract or contracts.

 

ARTICLE X

 

CLAIMS
REVIEW PROCEDURE

 

10.1        CLAIMS.

 

(a)           FILING OF CLAIM.  A
Participant or Beneficiary entitled to benefits need not file a written claim
to receive benefits.  If a Participant,
Beneficiary or any other person is dissatisfied with the determination of his
benefits, eligibility, participation or any other right or interest under this
Plan, such person may file a written statement setting forth the basis of the
claim with the Plan Administrator in a manner prescribed by the Plan
Administrator.  In connection with the
determination of a claim, or in connection with the review of a denied claim,
the claimant may examine this Plan and any other pertinent documents generally
available to Participants relating to the claim and such Participant may submit
written comments, documents, records and other information relating to the
claim for benefits.

 

(b)           NOTICE OF DECISION.  A
written notice of the disposition of any such claim shall be furnished to the
claimant within ninety (90) days after the claim is filed with the Plan
Administrator, provided that the Plan Administrator may have an additional
period of up to ninety (90) days to decide the claim if it determines that
special circumstances require an extension of time to decide the claim and it
advises the claimant in writing of the need for an extension (including an
explanation of the special circumstances requiring the extension) and the date
on which it expects to decide the claim. 
The notice of disposition of a claim shall set forth:

 

(1)           the specific reason(s) for denial of the
claim;

 

(2)           reference to the specific Plan provisions
upon which the determination is based;

 

17

 

(3)           a description of any additional material or
information necessary for the claimant to perfect the claim and an explanation
of why such material or information is necessary; and

 

(4)           an explanation of the Plan’s appeal
procedure, and an explanation of the time limits applicable to the Plan’s
appeal procedures, including a statement of the claimant’s right to bring a
civil action under Section 502(a) of ERISA.

 

10.2        APPEALS.

 

(a)           FILING OF APPEAL. 
Within sixty (60) days after receiving the written notice of the Plan
Administrator’s disposition of the claim, the claimant, or the claimant’s duly
authorized representative, may request in writing that the Plan Administrator
review the denied claim.  The claimant
may submit a written statement of his claim (including any written comments,
documents, records and other information relating to the claim) and the reasons
for granting the claim.  The Plan
Administrator shall have the right to request of and receive from a claimant
such additional information, documents or other evidence as the Plan Administrator
may reasonably require.  If the claimant
does not request a review of the denied claim within sixty (60) days after
receiving written notice of the Plan Administrator’s disposition of the claim,
the claimant shall be deemed to have accepted the Plan Administrator’s written
disposition, unless the claimant shall have been physically or mentally
incapacitated so as to be unable to request review within the sixty (60) day
period.  The claimant will be provided,
upon request and free of charge, reasonable access to, and copies of, all documents,
records, and other information relevant to the claimant’s claim for benefits,
with such relevance to be determined in accordance with paragraph (c); and the
review shall take into account all comments, documents, records and other
information submitted by the claimant relating to the claim, without regard to
whether such documents, records or other information were submitted or
considered in the initial benefit determination.

 

(b)           DECISION FOLLOWING APPEAL.  A
decision on appeal shall be rendered in writing by the Plan Administrator
ordinarily not later than sixty (60) days after the claimant requests review of
a denied claim, and a written copy of such decision shall be delivered to the
claimant.  If special circumstances
require an extension of the ordinary period, the Plan Administrator shall so
notify the claimant of the extension with such notice containing an explanation
of the special circumstances requiring the extension and the date by which the
Plan Administrator expects to render a decision.  Any such extension shall not extend beyond sixty (60) days after
the end of the ordinary period.  The
denial notice referred to in the first sentence of this paragraph (b) shall set
forth:

 

(1)           the specific reason(s) for denial of the
claim;

 

(2)           reference to the specific Plan provisions
upon which the denial is based;

 

(3)           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

 

18

 

relevant to the claimant’s claim for benefits, such relevance to be
determined in accordance with Section 10.2(c), below; and

 

(4)           a statement of the claimant’s right to bring
a civil action under Section 502(a) of ERISA.

 

(c)           RELEVANCE.  For
purposes of Sections 10.1 and 10.2, 
documents, records, or other information shall be considered “relevant”
to a claimant’s claim for benefits if such documents, records or other
information:

 

(1)           were relied upon in making the benefit
determination;

 

(2)           were submitted, considered, or generated in
the course of making the benefit determination, without regard to whether such
documents, records or other information were relied upon in making the benefit
determination; or

 

(3)           demonstrate compliance with the
administrative processes and safeguards required pursuant to Sections 10.1 and
10.2 regarding the making of the benefit determination.

 

(d)           DECISIONS FINAL; PROCEDURES
MANDATORY.  To the extent permitted by law, a decision
on review by the Plan Administrator shall be binding and conclusive upon all
persons whomsoever.  To the extent
permitted by law, completion of the claims procedures described in this Section
shall be a mandatory precondition that must be complied with prior to
commencement of a legal or equitable action in connection with the Plan by a
person claiming rights under the Plan or by another person claiming rights
through such a person.  The Plan
Administrator may, in its sole discretion, waive these procedures as a
mandatory precondition to such an action.

 

(e)           TIME FOR FILING LEGAL OR EQUITABLE
ACTION.  Any legal or equitable action filed in
connection with the Plan by a person claiming rights under the Plan or by
another person claiming rights through such a person must be commenced not
later than the earlier of: (1) the shortest applicable statute of limitations
provided by law; or (2) two (2) years from the date the written copy of the
Plan Administrator’s decision on review is delivered to the claimant in accordance
with Section 10.2(b).

 

ARTICLE XI

 

LIMITATION
ON ASSIGNMENT; PAYMENTS TO LEGALLY INCOMPETENT DISTRIBUTEE; CORRECTIONS

 

11.1        ANTI-ALIENATION
CLAUSE.

 

No benefit which shall be
payable under the Plan to any person shall be subject in any manner to anticipation,
alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any
attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber,
charge or otherwise dispose of the same shall be void.  No benefit shall in any manner be subject to
the debts,

 

19

 

contracts, liabilities,
engagements or torts of any person, nor shall it be subject to attachment or
legal process for or against any person, except to the extent as may be
required by law.

 

11.2        PERMITTED
ARRANGEMENTS.

 

Section 11.1 shall not
preclude arrangements for the withholding of taxes from benefit payments,
arrangements for the recovery of benefit overpayments, or arrangements for
direct deposit of benefit payments to an account in a bank, savings and loan
association or credit union (provided that such arrangement is not part of an
arrangement constituting an assignment or alienation).

 

11.3        PAYMENT
TO MINOR OR INCOMPETENT.

 

Whenever any benefit which
shall be payable under the Plan is to be paid to or for the benefit of any
person who is then a minor or determined by the Plan Administrator to be
incompetent by qualified medical advice, the Plan Administrator need not
require the appointment of a guardian or custodian, but shall be authorized to
cause the same to be paid over to the person having custody of the minor or
incompetent, or to cause the same to be paid to the minor or incompetent
without the intervention of a guardian or custodian, or to cause the same to be
paid to a legal guardian or custodian of the minor or incompetent if one has
been appointed or to cause the same to be used for the benefit of the minor or
incompetent.

 

11.4        UNDERPAYMENT OR OVERPAYMENT OF
BENEFITS.

 

In the event that, through
mistake or computational error, benefits are underpaid or overpaid, there shall
be no liability for any more than the correct amount of benefits under the
Plan.  Overpayments may be deducted from
future payments under the Plan, and underpayment may be added to future
payments under the Plan.  In lieu of
receiving reduced benefits under the Plan, a Participant or Beneficiary may
elect to make a lump sum repayment of any overpayment.

 

ARTICLE XII

 

AMENDMENT,
MERGER AND TERMINATION

 

12.1        AMENDMENT.

 

The Company shall have the
right at any time, by an instrument in writing duly executed, acknowledged and
delivered to the Plan Administrator, to modify, alter or amend this Plan, in
whole or in part, prospectively or retroactively; provided, however, that the
duties and liabilities of the Plan Administrator or the Trustee hereunder shall
not be substantially increased without its written consent; and provided
further that the amendment shall not reduce any Participant’s interest in the
Plan, calculated as of the date on which the amendment is adopted.  The agreements referred to in Section 13.3
shall not be deemed to violate the last clause of the preceding sentence.

 

20

 

12.2        MERGER
OR CONSOLIDATION OF COMPANY.

 

The Plan shall not be automatically
terminated by the Company’s acquisition by or merger into any other employer,
but the Plan shall be continued after such acquisition or merger if the
successor employer elects and agrees to continue the Plan.  All rights to amend, modify, suspend, or
terminate the Plan shall be transferred to the successor employer, effective as
of the date of the merger.  If an
Employer other than the Company is acquired by or merged into any organization
other than an Affiliate, the Plan shall be terminated as to the acquired
Employer unless the Company and the acquiror agree otherwise in writing.

 

12.3        TERMINATION OF PLAN OR
DISCONTINUANCE OF CONTRIBUTIONS.

 

It is the expectation of the
Company and each of the Employers that this Plan will be continued indefinitely.  However, continuance of the Plan is not
assumed as a contractual obligation of the Company or any other Employer, and
the right is reserved at any time to terminate this Plan or to reduce,
temporarily suspend, or discontinue contributions hereunder.  If the Plan is terminated or contributions
are reduced, temporarily suspended, or discontinued with respect to all
Employers or any one or more Employers, the Accounts of the affected
Participants will continue to be held pursuant to the Plan until the date or
dates on which such Accounts would have become distributable had the Plan not
been terminated or had contributions not been reduced, temporarily suspended,
or discontinued.  In the exercise of its
discretion, however, the Plan Administrator may direct that the Accounts of any
Participant affected by the termination of the Plan as to all Employers or a
particular Employer, or the reduction, temporary suspension, or discontinuance
of contributions, be distributed as of an earlier date or dates.

 

ARTICLE XIII

 

GENERAL
PROVISIONS

 

13.1        LIMITATION
ON PARTICIPANTS’ RIGHTS.

 

Participation in the Plan
shall not give any Participant the right to be retained in the employ of the
Company or any Affiliate or any right or interest in the Trust Fund other than
as herein provided.  The Company and
each Affiliate reserves the right to dismiss any Participant without any
liability for any claim either against the Trust Fund, except to the extent
herein provided, or against the Company or Affiliate.

 

13.2        STATUS OF PARTICIPANTS AS UNSECURED
CREDITORS.

 

Each Participant is an
unsecured creditor of the Company or the Affiliate that employs the Participant
and, except for the assets placed in the Trust Fund as provided in this Plan,
no assets of the Company or any Affiliate will be segregated from the general
assets of the Company or any Affiliate for the payment of benefits under this
Plan. If the Company or any Affiliate acquires any insurance policies or other
investments to assist it in meeting its obligations to Participants, those
policies or other investments will nonetheless remain part of the general
assets of the Company or Affiliate.

 

21

 

13.3        CANCELLATION OR REDUCTION OF
ACCOUNTS.

 

An Employer and one of its
Participants may agree from time to time to reduce (but not below zero) the
amount credited to the Participant’s Account under this Plan.  Any such agreement must be in writing,  must be signed by the Participant and the
Employer, shall relate only to amounts credited to the Participant’s Account
and shall not circumvent the provisions of Sections 3.3, 8.1, or 8.2 regarding
the timing or manner of distributions from this Plan.

 

13.4        EXCEPTION
TO CONTRIBUTION RULE.

 

Neither the Company nor any
other Employer shall have any obligation to transfer Deferral Contributions
made by the Participants to the Trust Fund, if and so long as the assets of the
Trust Fund exceed the aggregate Account Balances of all Participants.  The provisions of this Section 13.4
supersede the provisions of Section 4.1 or any other provision of this Plan
that purports to require the Company or any other Employer to transfer amounts
to the Trust Fund.

 

13.5        STATUS
OF TRUST FUND.

 

The Trust Fund is being
established to assist the Company and the adopting Affiliates in meeting their
obligations to the Participants and to provide the Participants with a measure
of protection in certain limited instances. 
In certain circumstances described in the Trust Agreement, the assets of
the Trust Fund may be used for the benefit of the Company’s or an Affiliate’s
creditors and, as a result, the Trust Fund is considered to be part of the
Company’s and adopting Affiliate’s general assets.  Benefit payments due under this Plan shall either be paid from
the Trust Fund or from the Company’s or Affiliate’s general assets as directed
by the Plan Administrator.  Despite the
establishment of the Trust Fund, it is intended that the Plan be considered to
be “unfunded” for purposes of ERISA and the Code.

 

13.6        FUNDING
UPON A CHANGE OF CONTROL.

 

Prior to the day on which a
Change of Control occurs, if for any reason the assets of the Trust Fund are
less than the aggregate Account Balances of all Participants, the Company shall
transfer an amount equal to the deficiency to the Trustee of the Trust.  If it is discovered at any time that the
amount initially transferred is less than the total amount called for by the
preceding sentence, the shortfall shall be transferred to the Trustee immediately
upon the discovery of such error.

 

13.7        UNIFORM
ADMINISTRATION.

 

Whenever in the
administration of the Plan any action is required by the Plan Administrator,
such action shall be uniform in nature as applied to all persons similarly
situated.

 

22

 

13.8        HEIRS
AND SUCCESSORS.

 

All of the provisions of
this Plan shall be binding upon all persons who shall be entitled to any
benefits hereunder, and their heirs and legal representatives.

 

13.9        NO LIABILITY FOR ACCELERATION OF
PAYMENTS.

 

Under the Plan, Participants
are allowed, to a certain extent, to designate the dates on which distributions
are to be made to them.  The Plan
Administrator, however, also has the right, in the exercise of its discretion,
to accelerate payments.  By accepting
the benefits offered by the Plan, each Participant (and each Beneficiary
claiming through a Participant) acknowledges that the Plan Administrator may
override the Participant’s elections and agrees that neither the Participant
nor any Beneficiary shall have any claim against the Plan Administrator, the
Trustee, or any Employer if distributions are made earlier than anticipated by
the Participant due to the Plan Administrator’s exercise of its discretion to
accelerate payments.

 

To signify its adoption of
this restated Plan document, the Company has caused this restatement of the
Plan to be executed by a duly authorized officer of the Company on
this       day of December, 2003.

 

	
   

  	
  ACCURIDE CORPORATION

  
	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Its

  	
   

  

 

23

 

ACCURIDE
CORPORATION

SUPPLEMENTAL
SAVINGS PLAN

 

(As amended
and restated effective January 1, 2003)

 

 

TABLE
OF CONTENTS

 

	
  ARTICLE I

  	
  PREAMBLE

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE II

  	
  DEFINITIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  2.1

  	
  DEFINITIONS.

  	
   

  
	
   

  	
   

  	
   

  
	
  2.2

  	
  CONSTRUCTION.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE III

  	
  ELIGIBILITY

  	
   

  
	
   

  	
   

  	
   

  
	
  3.1

  	
  SELECTION OF PARTICIPANTS.

  	
   

  
	
   

  	
   

  	
   

  
	
  3.2

  	
  PARTICIPATION ELECTIONS.

  	
   

  
	
   

  	
   

  	
   

  
	
  3.3

  	
  REVISED
  ELECTIONS.

  	
   

  
	
   

  	
   

  	
   

  
	
  3.4

  	
  DISCONTINUANCE OF
  PARTICIPATION

  	
   

  
	
   

  	
   

  	
   

  
	
  3.5

  	
  ADOPTION BY AFFILIATES

  	
   

  
	
   

  	
   

  	
   

  
	
  3.6

  	
  CHANGE IN AFFILIATE STATUS.

  	
   

  
	
   

  	
   

  	
   

  
	
  3.7

  	
  SPECIAL ARRANGEMENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE IV

  	
  CONTRIBUTIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  4.1

  	
  PARTICIPANT CONTRIBUTIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  4.2

  	
  EMPLOYER CONTRIBUTIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE V

  	
  IN-SERVICE DISTRIBUTIONS AND WITHDRAWALS

  	
   

  
	
   

  	
   

  	
   

  
	
  5.1

  	
  SPECIAL PURPOSE
  DEFERRAL CONTRIBUTIONS.

  	
   

  
	
   

  	
   

  	
   

  
	
  5.2

  	
  HARDSHIP.

  	
   

  
	
   

  	
   

  	
   

  
	
  5.3

  	
  ACCELERATION OF BENEFITS.

  	
   

  
	
   

  	
   

  	
   

  
	
  5.4

  	
  LIMITATION ON
  DISTRIBUTIONS.

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE VI

  	
  CREDITING OF CONTRIBUTIONS AND EARNINGS

  	
   

  
	
   

  	
   

  	
   

  
	
  6.1

  	
  TRANSFER
  TO TRUSTEE; ALLOCATION OF CONTRIBUTIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  6.2

  	
  INVESTMENT EARNINGS OR
  LOSSES

  	
   

  
	
   

  	
   

  	
   

  
	
  6.3

  	
  INVESTMENT DIRECTION

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE VII

  	
  VESTING

  	
   

  
	
   

  	
   

  	
   

  
	
  7.1

  	
  VESTING

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE
  VIII

  	
  PAYMENT OF BENEFITS

  	
   

  
	
   

  	
   

  	
   

  
	
  8.1

  	
  PAYMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  8.2

  	
  METHOD
  OF PAYMENT

  	
   

  

 

i

 

	
  8.3

  	
  BENEFICIARY DESIGNATIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  8.4

  	
  LIMITATION ON DISTRIBUTIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE IX

  	
  ADMINISTRATION OF THE PLAN

  	
   

  
	
   

  	
   

  	
   

  
	
  9.1

  	
  ADOPTION
  OF TRUST

  	
   

  
	
   

  	
   

  	
   

  
	
  9.2

  	
  POWERS OF THE PLAN
  ADMINISTRATOR

  	
   

  
	
   

  	
   

  	
   

  
	
  9.3

  	
  CREATION OF COMMITTEE

  	
   

  
	
   

  	
   

  	
   

  
	
  9.4

  	
  CHAIRMAN AND SECRETARY

  	
   

  
	
   

  	
   

  	
   

  
	
  9.5

  	
  APPOINTMENT OF AGENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  9.6

  	
  MAJORITY
  VOTE AND EXECUTION OF INSTRUMENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  9.7

  	
  ALLOCATION OF
  RESPONSIBILITIES

  	
   

  
	
   

  	
   

  	
   

  
	
  9.8

  	
  CONFLICT OF INTEREST

  	
   

  
	
   

  	
   

  	
   

  
	
  9.9

  	
  ACTION TAKEN BY COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  9.10

  	
  DELEGATIONS OF AUTHORITY

  	
   

  
	
   

  	
   

  	
   

  
	
  9.11

  	
  INDEMNIFICATION

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE X

  	
  CLAIMS REVIEW PROCEDURE

  	
   

  
	
   

  	
   

  	
   

  
	
  10.1

  	
  CLAIMS

  	
   

  
	
   

  	
   

  	
   

  
	
  10.2

  	
  APPEALS

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE XI

  	
  LIMITATION ON ASSIGNMENT; PAYMENTS TO
  LEGALLY INCOMPETENT DISTRIBUTEE; CORRECTIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  11.1

  	
  ANTI-ALIENATION CLAUSE

  	
   

  
	
   

  	
   

  	
   

  
	
  11.2

  	
  PERMITTED ARRANGEMENTS

  	
   

  
	
   

  	
   

  	
   

  
	
  11.3

  	
  PAYMENT TO MINOR OR
  INCOMPETENT

  	
   

  
	
   

  	
   

  	
   

  
	
  11.4

  	
  UNDERPAYMENT
  OR OVERPAYMENT OF BENEFITS

  	
   

  
	
   

  	
   

  	
   

  
	
  ARTICLE XII

  	
  AMENDMENT, MERGER AND TERMINATION

  	
   

  
	
   

  	
   

  	
   

  
	
  12.1

  	
  AMENDMENT

  	
   

  
	
   

  	
   

  	
   

  
	
  12.2

  	
  MERGER OR
  CONSOLIDATION OF COMPANY

  	
   

  
	
   

  	
   

  	
   

  
	
  12.3

  	
  TERMINATION
  OF PLAN OR DISCONTINUANCE OF CONTRIBUTIONS

  	
   

  

 

ii

 

	
  ARTICLE
  XIII

  	
  GENERAL PROVISIONS

  	
   

  
	
   

  	
   

  	
   

  
	
  13.1

  	
  LIMITATION ON
  PARTICIPANTS’ RIGHTS

  	
   

  
	
   

  	
   

  	
   

  
	
  13.2

  	
  STATUS
  OF PARTICIPANTS AS UNSECURED CREDITORS

  	
   

  
	
   

  	
   

  	
   

  
	
  13.3

  	
  CANCELLATION OR
  REDUCTION OF ACCOUNTS

  	
   

  
	
   

  	
   

  	
   

  
	
  13.4

  	
  EXCEPTION TO
  CONTRIBUTION RULE

  	
   

  
	
   

  	
   

  	
   

  
	
  13.5

  	
  STATUS OF TRUST FUND

  	
   

  
	
   

  	
   

  	
   

  
	
  13.6

  	
  FUNDING UPON A CHANGE
  OF CONTROL

  	
   

  
	
   

  	
   

  	
   

  
	
  13.7

  	
  UNIFORM ADMINISTRATION

  	
   

  
	
   

  	
   

  	
   

  
	
  13.8

  	
  HEIRS AND SUCCESSORS

  	
   

  
	
   

  	
   

  	
   

  
	
  13.9

  	
  NO LIABILITY
  FOR ACCELERATION OF PAYMENTS

  	
   

  

 

iiiExhibit
10.19

 

ACCURIDE
EXECUTIVE RETIREMENT ALLOWANCE POLICY

 

November,
2003

 

Accuride has
supplemented the retirement benefits available to executives for a number of
years through the Accuride Corporation Supplemental Savings Plan (the
“SSP”).  While the SSP is being
continued to allow executives to defer the receipt of some of their income, the
Company contribution portion of the SSP is being eliminated.  In order to replace the benefits lost due to
the elimination of the Company contribution features in the SSP, Accuride has
adopted this Executive Retirement Allowance Policy, the terms of which follow:

 

1.             Eligibility.  The Retirement Allowance will be payable to any executive level
employee (salary level 20 and above) who has been designated for participation
in the program described in this Policy. 
A “Designated Executive” need not complete any particular period of
service in order to participate.

 

2.             Amount of Allowance.  The Retirement Allowance for any calendar
year will be equal to the sum of the following amounts:

 

A.            2.5%
of the Designated Executive’s “Base Salary” for the calendar year in excess of
the limitation on compensation that may be considered for purposes of the
Accuride Employee Savings Plan pursuant to Section 401(a)(17) of the Internal
Revenue Code of 1986 (the “Code”) for the same year.  (The Section 401(a)(17) limit for 2003 is $200,000).  For purposes of this Policy, “Base Salary”
means the total regular salary paid by the Company during the applicable
calendar year, determined prior to any deferrals made by the Designated
Executive under the Accuride Employee Savings Plan, the Accuride Corporation
Supplemental Savings Plan, or a cafeteria plan within the meaning of the
Section 125 of the Code.  “Base Salary”
excludes commissions, bonuses, overtime, living or other allowances,
contributions under any employee benefit plan, or other extra, incentive,
premium, contingent, supplemental or additional compensation all as determined
conclusively by the Company.

 

B.            The
“Applicable Percentage” of the Designated Executive’s “Eligible Base Salary”
for the applicable calendar year less the “Company Profit Sharing Contribution”
(as such term is used in the Savings Plan) allocated to the Designated
Executive under the Savings Plan for that year.  For this purpose, the “Applicable Percentage” is the percentage
contributed to the accounts of the participants in the Savings Plan as a
Company Profit Sharing Contribution (as that term is defined in the Savings Plan)
for that year, as adjusted to reflect all limitations and carryovers called for
by the Savings Plan.  A Designated
Executive’s “Eligible Base Salary” is the Base Salary earned by the Designated
Executive for the portion of the year during which the Designated Executive is
eligible to receive a Company Profit Sharing Contribution under the Savings
Plan.  This portion of the Retirement
Allowance will only be paid for a year in which a Company Profit Sharing
Contribution is made to the Savings Plan. 
A Designated Executive will receive this portion of the Retirement
Allowance only if the Designated Executive is also a participant in the Savings
Plan and is eligible, generally, to receive a Company Profit Sharing
Contribution under the Savings Plan. 
The Board retains the right to relax the eligibility requirements for
the receipt of this portion of the Retirement Allowance.

 

 

C.            An
amount equal to the total “Basic Earnings Credits” and “Excess Earnings
Credits” (as determined pursuant to Sections 3.1(b) and 3.1(c) of the Accuride
Cash Balance Plan) that the Designated Executive would be entitled to receive
under the Cash Balance Pension Plan for the calendar year if that Plan were not
subject to the compensation and benefit limitations set forth in Section
401(a)(17) and 415 of the Code, less the Basic Earnings Credits and Excess
Earnings Credits actually received by the Designated Executive under the Cash
Balance Plan for that year.

 

D.            An
amount equal to the applicable percentage (gross-up amount) of the sum of A, B
and C above, which amount is intended to cover the amount of grossed-up income
taxes payable by the Designated Executive on the Retirement Allowance.

 

3.             Time of Payments.  The Retirement Allowance for the amounts
described in A and C above will be paid out in December of each year, while the
amounts described in B above will be paid out within 90 days following the end
of the appropriate calendar year.

 

2

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