Document:

EX-10.4

Exhibit 10.4

ABM INDUSTRIES INCORPORATED

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

PLAN DOCUMENT AS AMENDED AND RESTATED JUNE 3, 2008

 

 

Preamble

          This plan is an unfunded arrangement for a select group of management or highly-compensated
personnel of ABM Industries Incorporated (“ABM”) and its subsidiaries. All rights under this Plan
shall be governed by and construed in accordance with the laws of the State of California.

ARTICLE I

DEFINITIONS 

          Section 1.01 Section 1.01.

               (a) “ABM” means ABM Industries Incorporated, a Delaware corporation, its Subsidiaries
and its corporate successors.

               (b) “Administrative Committee” means the committee of persons designated by the
Compensation Committee with authority to manage and administer the operation of the Plan.

               (c) “Beneficiary” means the person, institution or trust designated by the Participant
pursuant to 3.05 below to receive the Participant’s interest in the Plan after the Participant’s
death.

               (d) “Code” means the Internal Revenue Code of 1986, as amended.

               (e) “Compensation Committee” means the Compensation Committee of the Board of
Directors of ABM Industries Incorporated.

               (f) “Fiscal Year” or “Year” (unless otherwise specified) means ABM’s fiscal
year as now constituted or as it may be changed hereafter from time to time.

               (g) “Participant” means an employee of ABM, or of a Subsidiary, designated by the
Administrative Committee for participation in the benefits of the Plan, or a person who was such at
the time of his resignation, termination, retirement or death and who retains, or whose
Beneficiaries obtain, benefits under the Plan in accordance with its terms.

 

 

               (h) “Payment Event” means a Participant’s Retirement or in the event of earlier
resignation, termination or death, the date the Participant attains or would have attained age 65.

               (i) “Plan” means this Supplemental Executive Retirement Plan as it may be amended from
time to time.

               (j) “Retirement” means separation from service (within the meaning of Code Section
409A) at or after attaining age 65.

               (k) “Supplemental Benefit” means the total amount allocated to the benefit of a
Participant under the Plan.

               (l) “Subsidiary” means a company of which ABM owns, directly or indirectly, at least a
majority of the shares having voting power in the election of directors.

ARTICLE II

DESIGNATION OF PARTICIPANTS AND ALLOCATION OF TOTAL FUND

          Section 2.01 The Administrative Committee shall at least once in each Fiscal Year irrevocably
specify:

               (a) The name of each employee who shall be entitled to participate in the Plan for such Year;
and

               (b) The amount to be allocated for the benefit of each Participant for such Year.

          Effective December 31, 2002, there shall be no new Participants in the Plan and designations
by the Administrative Committee shall be limited to allocations to active employees of ABM who are
participants in the Plan.

          Section 2.02 The amount to be allocated for the benefit of each Participant shall be
determined in accordance with the terms of the most recent Grant Certificate in existence for each
Participant, which Grant Certificates have been approved by the Administrative Committee. The
Administrative Committee shall report to the Compensation Committee the amounts allocated and
Participants for such Year.

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ARTICLE III

FUTURE PAYMENTS

          Section 3.01 The Administrative Committee shall cause an accrual account to be kept in the
name of each Participant and each Beneficiary of a deceased Participant. The accrual account shall
reflect the value of the Supplemental Benefits payable to such Participant or Beneficiary under the
Plan.

          Section 3.02 Until and except to the extent that Supplemental Benefits hereunder are
distributed to the Participants or Beneficiaries from time to time in accordance with orders of the
Administrative Committee, the interest of each Participant and Beneficiary herein is that of a
general creditor of ABM and is contingent on and subject to forfeiture as provided in Section 3.06.
Title to and beneficial ownership of any assets, whether cash or investments, which ABM may set
aside or accrue to meet its obligations hereunder, shall at all times remain the property of ABM.
No Participant or Beneficiary shall under any circumstances acquire any property interest in any
specific assets of ABM.

          Section 3.03 Upon resignation, termination, Retirement or death of a Participant, the value of
the Supplemental Benefits payable to such Participant or Beneficiary shall be determined with
reference to the accrual account maintained for such Participant.

          Section 3.04 Payment of the amount allocated to a Participant shall be deferred until the
occurrence of a Payment Event. If the Participant dies before receiving any or all of the payments
due the Participant, any remaining amount shall be paid, but not before the Participant would have
reached age 65, to the Beneficiary. After determining the value of the Supplemental Benefit for a
Participant entitled to payment, the Administrative Committee shall arrange to pay 1/120th of the
value of the account to the Participant or Beneficiary each month for a period of 10 years from the
date of the Payment Event, subject to Section 5.01 of this Plan. There shall be no gains or losses
allocated to the account during the 10 year period of payment.

          Section 3.05 Each Participant shall have the right to designate a Beneficiary or Beneficiaries
who are to succeed to his right to receive future payments hereunder in the event of his death. In
case of a failure of designation or the death of a designated Beneficiary without a designated
successor, distribution shall be made to the Participant’s estate or trust, if a trust for such
purpose is in existence. No designation of Beneficiary shall be valid unless in writing signed by
the Participant, dated, and filed with the Administrative Committee. Beneficiaries may be changed
without consent of any prior Beneficiaries.

          Section 3.06 The right of a Participant or Beneficiary to receive future payments hereunder
shall be vested at all times; provided, however, that such right shall be forfeited immediately
upon the occurrence of either of the following events: If the Participant is

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discharged from employment by ABM or a subsidiary for acts which, in the opinion of the ABM,
constitute embezzlement of corporate funds or if, following the Participant’s termination of
employment, it is determined that he or she has embezzled corporate funds.

          Section 3.07 Nothing contained herein shall be deemed to create a trust of any kind for the
benefit of any Participant or Beneficiary, or create any fiduciary relationship. Funds accrued
hereunder shall continue for all purposes to be a part of the general funds of ABM, and no person
other than ABM shall, by virtue of the provisions of this Plan, have any interest in such funds.
To the extent that any person acquires a right to receive payments from ABM under this Plan, such
right shall be no greater than the right of any unsecured general creditor of ABM.

          Section 3.08 The adoption of this Plan shall not confer upon any employee of ABM or any of its
subsidiaries or Participant any right to continued employment, nor shall it interfere in any way
with the right of ABM or any of its Subsidiaries to terminate the employment or change the
compensation of any of its employees at any time.

ARTICLE IV

ADMINISTRATION

          Section 4.01 The books and records to be maintained for the purpose of the Plan shall be
maintained by the officers and employees of ABM at its expense and subject to the supervision and
control of the Administrative Committee. ABM shall pay all expenses of administering the Plan.

          Section 4.02 To the extent permitted by law, the right of any Participant or any Beneficiary
in any benefit or to any payment hereunder shall not be subject in any manner to attachment or
other legal process for the debts of such Participant or Beneficiary; and any such benefit or
payment shall not be subject to anticipation, alienation, sale, transfer, assignment or
encumbrance. In the event that the Plan is presented with an appropriate order from a family court
or other court of competent jurisdiction dividing the right to benefits under this Plan or to
receiving continuing payments under this Plan between the Participant and the Participant’s spouse,
the Administrative Committee shall establish such accounts and sub-accounts and make arrangement
for such payments as the order may require. In no event shall the Plan be required to pay a
benefit in a greater amount or earlier than would otherwise be required by the Plan for payments to
the Participant.

          Section 4.03 No member of the Compensation Committee or the Administrative Committee and no
officer or employee of ABM shall be liable to any person for any action taken or omitted in
connection with the administration of this Plan unless attributable to his own fraud or willful
misconduct; nor shall ABM be liable to any person for any such action unless attributable to fraud
or willful misconduct on the part of a director, officer or employee of ABM.

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          Section 4.04 The Administrative Committee shall establish procedures for handling claims for
benefits under the Plan and appeals from denied claims.

ARTICLE V

CONDITIONS TO PAYMENT; CODE SECTION 409A

          Section 5.01 Notwithstanding anything contained herein to the contrary, a Participant shall
not be considered to have terminated employment with the Company for purposes of the Plan and no
payments shall be due to a Participant under Section 3 of the Plan unless the Participant would be
considered to have incurred a “separation from service” from the Company within the meaning of Code
Section 409A. To the extent required in order to avoid accelerated taxation and/or tax penalties
under Code Section 409A, amounts that would otherwise be payable and benefits that would otherwise
be provided pursuant to the Plan during the six-month period immediately following a Payment Event
shall instead be paid on the first business day after the date that is six months following the
occurrence of such Payment Event (or upon the Participant’s death, if earlier).

ARTICLE VI

AMENDMENT OF PLAN

          Section 6.01 The Compensation Committee, or to the extent provided below, the Administrative
Committee may at any time modify or amend any or all of the provisions of the Plan. The
Administrative Committee may amend the Plan to bring the Plan into compliance with applicable law
or, to make such other changes as the Administrative Committee deems desirable, provided that such
changes do not materially increase the cost of the Plan to ABM or take the Plan out of compliance
with applicable law; and provided further that the Committee may not admit new participants to the
plan or amend this Section 6.01.

          Section 6.02 Notice of every such amendment shall be given in writing to each Participant and
Beneficiary of each deceased Participant.

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ARTICLE VII

ENTIRE AGREEMENT

          This Supplemental Executive Retirement Plan Document and the most recently dated Grant
Certificate delivered to a Participant and properly signed by an officer of ABM, shall supersede
all prior plans, documents, agreements, offers, contracts or clauses, whether designated as
“Executive Retirement”, “Post Employment Consultancy” or by any other term, which refer to the
benefit of such Participant which is the subject matter of this Plan Document.

Encls: SERP Grant Certificate

SERP Designation of Beneficiary Form

ABM Industries Incorporated

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN

DESIGNATION OF BENEFICIARY

It is important that each Participant in the Company’s Supplemental Executive Retirement Plan
(SERP) designate a beneficiary for the payment of Plan benefits in the event of the Participant’s
death prior to a full distribution of benefits.

Please return a copy of this completed Designation of Beneficiary form to ABM Industries, Attn:
Executive Compensation Administrative Committee, 160 Pacific Avenue, San Francisco, California
94111.

This form should be promptly updated by the Participant whenever there is a change of address or
designated beneficiary.

SECTION I: PERSONAL INFORMATION

Name                                                     
                                        Spouse’s Name              
                                                          

SSN:                                                     
                                         Company/Location              
                                                    

Home Address                                   
                                            City/State/Zip                             
                                             

SECTION II: DESIGNATION OF BENEFICIARY

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Pursuant to the terms and conditions of the Plan, I hereby designate the following as my
beneficiary(ies), to whom any benefits I may then have in the Plan may be paid upon my death. This
designation supersedes any prior beneficiary designation made by me with respect to these benefits.

Primary: I name the following person(s) or entity(ies) as my Primary Beneficiary(ies):

Name:                                                             
                                        SSN    
                                                                          

Address                                                             
                                                
                                                                          

Name:                                                             
                                        SSN    
                                                                          

Address                                                             
                                                
                                                                          

Secondary: If my Primary beneficiary(ies) is (are) unable to receive this distribution, I Name the
following Secondary person(s) or entity(ies) as my Secondary Beneficiary(ies):

Name:                                                             
                                        SSN    
                                                                          

Address                                                             
                                                
                                                                          

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Name:                                                             
                                        SSN    
                                                                          

Address                                                             
                                                
                                                                          

I HEREBY CERTIFY THAT THE ABOVE INFORMATION IS TRUE AND CORRECT. THE COMPANY, PLAN ADMINISTRATIVE
COMMITTEE AND ANY OTHER PERSONS ASSOCIATED WITH THE ADMINISTRATION OF THE PLAN ARE ENTITLED TO RELY
ON THIS DOCUMENT AND SHALL BE FREE OF LIABILITY FOR ANY ACTION TAKEN UNDER THE PRO VISIONS OF THE
PLAN AND IN RELIANCE ON THIS DOCUMENT.

	 	 	 	 	 	 	 	 	 
	Participant’s Signature/Date	 	Spouse’s Signature/Date	 	 
	 
	 	 	 	 	 	 	 	 
	Witness to Signatures:
	 	 	 	 	 	 	 	 
	 	 	 	 	 	 	 

8EX-10.5

Exhibit 10.5

ABM INDUSTRIES INCORPORATED

SERVICE AWARD BENEFIT PLAN

As Amended and Restated June 3, 2008

 

 

TABLE OF CONTENTS

	 	 	 	 	 
	ARTICLE 1
	 	 	 	 
	 
	 	 	 	 
	NAME, EFFECTIVE DATE, PURPOSE AND CONSTRUCTION

	 	 	1	 
	 
	 	 	 	 
	ARTICLE 2
	 	 	 	 
	 
	 	 	 	 
	DEFINITIONS

	 	 	2	 
	 
	 	 	 	 
	ARTICLE 3
	 	 	 	 
	 
	 	 	 	 
	ELIGIBILITY, PARTICIPATION AND BENEFICIARY DESIGNATION

	 	 	 3	 
	 
	 	 	 	 
	ARTICLE 4
	 	 	 	 
	 
	 	 	 	 
	BENEFITS

	 	 	4	 
	 
	 	 	 	 
	ARTICLE 5
	 	 	 	 
	 
	 	 	 	 
	FORFEITURES OF BENEFITS

	 	 	5	 
	 
	 	 	 	 
	ARTICLE 6
	 	 	 	 
	 
	 	 	 	 
	PARTICIPANTS ACCOUNTS

	 	 	6	 
	 
	 	 	 	 
	ARTICLE 7
	 	 	 	 
	 
	 	 	 	 
	DISTRIBUTION OF BENEFITS

	 	 	7	 
	 
	 	 	 	 
	ARTICLE 8
	 	 	 	 
	 
	 	 	 	 
	FIDUCIARY RESPONSIBILITY

	 	 	8	 
	 
	 	 	 	 
	ARTICLE 9
	 	 	 	 
	 
	 	 	 	 
	ADMINISTRATIVE COMMITTEE

	 	 	9	 

i

 

	 	 	 	 	 
	 
	 	 	 	 
	ARTICLE 10
	 	 	 	 
	 
	 	 	 	 
	AMENDMENT AND TERMINATION

	 	 	12	 

ii

 

ARTICLE 1

NAME, EFFECTIVE DATE, PURPOSE AND CONSTRUCTION

          1.1 Plan Name. The Plan set forth in this document shall be designated the ABM
Industries Incorporated Service Award Benefit Plan.

          1.2 Effective Date. The Effective Date of this Plan was November 1, 1989. This
document reflects amendments and changes made through April 6, 2005.

          1.3 Purpose. The Plan is intended to qualify as a severance pay plan described in
Department of Labor Regulations 2510.3-1 (a) (2) and 2510.3-2 (b) and is intended to be treated as
a employee welfare plan under ERISA. The Plan is intended to provide benefits to terminating
employees based upon their loyal and dedicated service to the Company and its Affiliates.

          1.4 Construction. The following miscellaneous provisions shall apply in the
construction of this Plan document:

               (a) State Jurisdiction. All matters respecting the validity, effect, interpretation
and administration of this Plan shall be determined in accordance with the laws of the State of
California except where preempted by ERISA or other federal statutes.

               (b) Gender. Wherever appropriate, words used in the singular may include the plural
or the plural may be read as the singular, the masculine may include the feminine, and the neuter
may include both the masculine and the feminine.

               (c) Application of References to Law. All references to sections of ERISA, or the
Internal Revenue Code, other federal or state statutes, any regulations or rulings thereunder,
shall be deemed to refer to such sections as they may subsequently be modified, amended, replaced
or amplified by any federal statutes, regulations or rulings of similar application and import
enacted by the Government of the United States, any duly authorized agency of the United States
Government, any State Government or duly authorized agency thereunder.

               (d) Enforceable Provisions Remain Effective. If any provision of this Plan shall be
held by a court of competent jurisdiction to be invalid or unenforceable, the remaining provisions
of this Plan shall continue to be fully effective.

               (e) Headings. Headings are inserted for reference only and constitute no part of the
construction of this Plan.

 

 

          1.5 Employment Relationship Not Affected. Nothing in this Plan document shall be
deemed a contract between the Employer and any Employee, nor shall the rights or obligations of the
Employer or any Employee to continue or terminate employment at any time be affected hereby.

ARTICLE 2

DEFINITIONS

          2.1 “Account” means the aggregate of all records maintained by the Committee for
purposes of determining a Participant’s or Beneficiary’s benefits under the Plan.

          2.2 “Affiliated Employer” means any corporation which is so designated by the Board,
which may include any corporation or business determined to be affiliated under Code Section 414 or
any other corporation or business which is affiliated to some degree with the Employer.

          2.3 “Award Date” means October 31, 1990, each succeeding October 31 and any other date
elected by the Board at its discretion. Effective January 1, 1991, “Award Date” shall mean
December 31, 1991 and each succeeding December 31.

          2.4 “Beneficiary” means any person designated by a Participant.

          2.5 “Board” shall mean the Board of Directors of the Employer.

          2.6 “Code” means the Internal Revenue code of 1986, as amended (and regulations issued
thereunder).

          2.7 “Committee” means the Administrative Committee designated under Article 9.

          2.8 “Compensation” for any calendar year means all amounts paid to the Employee and
reported as wages on the Employee’s form W-2 for the year for services rendered for the Employer or
Affiliated Employers during the calendar year, and all amounts which an Employee elected to have
the Employer or affiliated Employer contribute on his behalf to the ABM 401(k) Employee Savings
Plan or the ABM Deferred Compensation Plan for the calendar year. Compensation in excess of
$175,000 shall not be considered in the calculation of benefits; provided, however, the $175,000
limit shall not replace any limit in place for any year prior to 1996 under this Plan.

          2.9 “Date of Eligibility” shall mean (1) for Eligible Employees hired after October
31, 1989, the date on which the Employee first performs any service for the Employer, (2) for
Eligible Employees employed on or before October 31, 1989, November 1, 1989. Effective January 1,
1992, “Date of Eligibility” shall mean the January 1 following the date on which the Employee has
Compensation in excess of $50,000, or such other dollar amount as the Committee may from time to
time announce.

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          2.10 “Date of Hire” shall mean the date on which the Employee becomes an employee of
the Employer or an Affiliated Employer within the meaning of Code Section 3121(d).

          2.11 “Disability” shall mean the Participant is (1) unable to engage in any
substantial gainful activity by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months, or (2) by reason of any medically determinable physical or mental impairment
which can be expected to result in death or can be expected to last for a continuous period of not
less than 12 months, receiving income replacement benefits for a period of not less than 3 months
under an accident and health plan covering employees of the Participant’s Employer.

          2.12 “Eligible Employee” shall have the meaning as defined in Article 3.

          2.13 “Eligible Participant” shall mean:

               (a) An Eligible Employee who was employed continuously throughout the Fiscal Year, or

               (b) an Eligible Employee who terminated employment during the Fiscal Year due to death,
disability or after having reached his Normal Retirement Date.

          2.14 “Employee” means any person considered under the rules of common law or
appropriate statute to be employed by the Employer or an Affiliated Employer, except:

               (a) Employees whose wages are determined by collective bargaining agreements,

               (b) Employee Employees who are receiving pension contributions under a union retirement plan,
and

               (c) Contract workers of the Employer or an Affiliated Employer who are employed to perform
principally manual work, including but not limited to elevator operator, janitor, security worker,
guard, window washer, stationary engineer, painter, warehouseman, driver, parking attendant,
mechanic, electrician, laundry worker or service technician.

          2.15 “Employer” means ABM Industries Incorporated, a Delaware corporation, and such of
its successors or assigns as may expressly adopt this Plan and agree in writing to continue this
Plan.

          2.16 “Entry Date” means November 1, 1989, and each succeeding November 1. Effective
January 1, 1991, “Entry Date” means January 1 and each succeeding January 1.

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          2.17 “ERISA” means the Employee Retirement Income Security Act of 1974, as amended.

          2.18 “Fiscal Year” means the accounting year of the Plan, which is the 12-month period
ending October 31. Effective January 1, 1991, “Fiscal year” means the 12-month period ending
December 31.

          2.19 “Normal Retirement Date” means the date of the Participant’s 62nd birthday.

          2.20 “Participant” means any Employee who has entered the Plan and been credited with
Service Award Benefits but has not yet had such benefits distributed.

          2.21 “Plan” means the arrangement created by this document.

          2.22 “Plan Administrator” means the Administrative Committee, discussed in Article 9.

          2.23 “Service Award Benefit” means the benefit calculated under Section 4.2.

ARTICLE 3

ELIGIBILITY, PARTICIPATION AND BENEFICIARY DESIGNATION

          3.1 Definitions.

               (a) “Eligible Employee” means any Employee of the Employer or an Affiliated Employer
whose Compensation is $50,000 or greater in any calendar year. The $50,000 dollar amount may be
adjusted from time to time as the Plan Administrator may deem necessary. The foregoing
notwithstanding, an Employee shall not be an Eligible Employee during any Fiscal Year the Employee
is also eligible to receive contributions under or make 401(k) contributions to the ABM 401(k)
Employee Savings Plan.

               (b) There shall be no additional Eligible Employees designated after December 31, 2001.

          3.2 Participation.

               (a) Initial Participants. Employees who are Eligible Employees as of October 31, 1989
shall become Participants as of November 1, 1989.

               (b) Newly Hired Employees. Employees who are hired after October 31, 1989, shall
become Participants as of the first November 1, or such earlier date, after certification by the
Committee that the Employee is an Eligible Employee. Employees hired

4

 

after January 1, 1991 shall become Participants as of the first January 1, or such earlier
date, after certification by the Committee that the Employee is an Eligible Employee.

               (c) Other Employees. Other Employees shall become Participants as of the first
November 1, or such earlier date, after certification by the Committee that the Employee is an
Eligible Employee. Effective January 1, 1991, the November 1 participation date in this Article
shall be changed to January 1.

               (d) Rehired Employees. A rehired Employee shall be treated as an Employee hired after
October 31, 1989, unless the Employee was a Participant in the Plan. Section 2.16 of the Plan
notwithstanding, former Plan Participants shall renew their participation in the Plan as of the
July 1 or January 1 coinciding with or next following their date of rehire provided they are
otherwise eligible for the Plan.

          3.3 Beneficiary Designation.

               (a) Designation Procedure. Each Eligible Employee, upon becoming a Participant shall
designate a Beneficiary or Beneficiaries to receive benefits under the Plan after his death. A
Participant may change his beneficiary designation at any time. Each beneficiary designation shall
be in a form prescribed by the Committee and will be effective only when filed with the Committee
during the Participant’s lifetime. Each beneficiary designation filed with the Committee will
cancel all previously filed Beneficiary designations.

               (b) Lack of Designation. In the absence of a valid designation, the Participant’s
benefits under the Plan shall be distributed to the Participant’s surviving spouse, or if there is
no surviving spouse to the Participant’s estate.

          3.4 Committee Determines Eligibility. Compliance with the eligibility requirements
shall be determined by the Committee, which shall also inform each Eligible Employee of his
becoming a Participant. The Committee shall provide each participant with a summary plan
description in compliance with ERISA and regulations thereunder.

ARTICLE 4

BENEFITS

          4.1 Credits for Service Award Benefits.

               (a) On each Award Date, commencing October 31, 1990, the Board shall Credit the Account of
each Eligible Participant with 7 days, to be used in the calculation of Benefits under Article 4.2.
For the short Fiscal Year beginning October 1, 1991 and ending

5

 

December 31, 1991, the Board shall determine the number of days to be credited to each
Eligible Participant, if any.

               (b) In addition to (a) above, on each Award Date, commencing October 31, 1990, the Board may,
in it’s sole discretion, designate an additional number of days to be credited to the Account of
each Eligible Participant.

               (c) If an employee reenters the Plan on July 1 of any year, the Employee/Participant shall be
to 1/2 the number of days awarded under (a) and (b) above to other Employees who participated for
the entire year.

          4.2 Calculation of Service Award Benefit. Upon termination of employment, the
Committee shall determine the benefit payable to the Participant. The benefit shall be equal to
the number of days credited to the Account of the eligible Employee multiplied by the average
annual Compensation received in the three full calendar years of full-time employment preceding the
year of termination converted to a daily rate of pay. For purposes of this calculation, a year
shall consist of 260 days.

          4.3 Limitation on Benefits. In no event shall the benefits payable under this Plan
combined with the benefits under the severance pay plan of the Employer, as described in Chapter 3,
III, (b) of the ABMI Personnel Policy and Procedure Manual, as it may be amended or revised from
time to time, exceed two times the Compensation received by the Participant in the twelve month
period preceding the Participant’s termination from employment.

ARTICLE 5

FORFEITURES OF BENEFITS

          5.1 Forfeiture for Short Service. A Participant who terminates employment prior to
completing 5 full years of service, measured from the Employee’s Date of Hire, for the Employer or
an Affiliated Employer shall forfeit all benefits under this Plan. A Participant will be credited
with one year of service for each 12 month period of continuous employment with the Employer or an
Affiliated Employer.

          5.2 Exceptions.

               (a) Death. Notwithstanding Article 5.1 above, a Participant’s benefits under this
Plan shall not be forfeitable if the termination of employment is due to the death of the
Participant.

               (b) Disability. Notwithstanding Article 5.1 above, a Participant’s benefits under
this Plan shall not be forfeitable upon a finding by the Committee that the Participant’s
termination of employment is due to Disability defined in Article 2.11.

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               (c) Normal Retirement. Notwithstanding Article 5.1 above, a Participant’s benefits
under this Plan shall not be forfeited if the Participant’s termination occurs after the
Participant’s Normal Retirement Date under this Plan.

               (d) Notwithstanding Article 5.1 above, if a Participant’s employment is terminated by action
of the Employer as part of the divestiture of Amtech Elevator Services, the Participant’s Account
under the Plan shall become fully vested on the closing of the divestiture transaction.

          5.3 Unallocatable Participants. If all or any portion of a Participant’s benefits
become payable under this Plan, and the Committee after a reasonable search cannot locate the
Participant or his Beneficiary (if such Beneficiary is entitled to payment) the Account shall be
Forfeited as of the end of the third Fiscal Year following the Participant’s termination from
employment.

          5.4 Forfeiture for Cause. A Participant who is terminated from employment because of
theft, defalcation, or embezzlement from the Employer, an Affiliated Employer, or a customer or
client of either the Employer or an Affiliated Employer, shall forfeit all benefits under this
Plan.

ARTICLE 6

PARTICIPANTS ACCOUNTS

          6.1 Service Award Account. The Committee shall maintain an accounting of the number
of days and weeks, or portions thereof, awarded to each Participant along with a record of the
Compensation received by the Participant for the current calendar year and the two preceding
calendar years.

          6.2 Statement of Accounts. At least annually, the Committee will provide the
Participant with a statement of the status of the Participant’s Account and the record of
Compensation in that Account. In the event of any error, the Participant is entitled to request
the Committee to correct either the number of days or weeks credited, or the Compensation credited.

ARTICLE 7

DISTRIBUTION OF BENEFITS

          7.1 General. Benefits under the Plan are paid solely from the assets of the Employer.
This Plan document grants the Participants no greater right to the assets of the Employer and
Affiliated Employers than that enjoyed by any unsecured creditor of the Employer and Affiliated
employers.

          7.2 Administrative Rules.

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               (a) Authority. Distributions to Participants shall be made only in accordance with
the directions of the Committee, which shall be governed by the terms of this Plan documents.

               (b) Claims. A Participant’s Beneficiary has the right to file a claim for benefits as
set forth in Article 9.7.

          7.3 Timing and Amount of Distributions. Subject to Section 7.4, below, a Participant
shall receive his or her benefits in a single lump payment soon as administratively feasible
following the termination of employment by the Participant, but in no event later than 90 days
following such termination.

          7.4 Conditions to Distributions; Code Section 409A. Notwithstanding anything contained
herein to the contrary, a Participant shall not be considered to have terminated employment with
the Company for purposes of the Plan and no payments shall be due to a Participant under this
Section 7 unless the Participant would be considered to have incurred a “separation from service”
from the Company within the meaning of Code Section 409A. To the extent required in order to avoid
accelerated taxation and/or tax penalties under Code Section 409A, amounts that would otherwise be
payable and benefits that would otherwise be provided pursuant to the Plan during the six-month
period immediately following a Participant’s termination of employment shall instead be paid on the
first business day after the date that is six months following the Participant’s termination of
employment (or upon the Participant’s death, if earlier).

ARTICLE 8

FIDUCIARY RESPONSIBILITY

          8.1 Named Fiduciary. The authority to control and manage the operation and
administration of the Plan shall be allocated between the Employer, the Affiliated Employer and the
Committee, all of whom are named fiduciaries under ERISA.

          8.2 Fiduciary Standards. Each fiduciary shall discharge its duties with respect to
the Plan solely in the interest of the Participants and Beneficiaries as follows:

               (a) For the exclusive purpose of providing benefits to Participants and their Beneficiaries;

               (b) With the care, skill, prudence and diligence under the circumstances then prevailing that
a prudent man acting in a like capacity and familiar with such matters would use in the conduct of
an enterprise of a like character and with like aims;

               (c) In accordance with the Plan document.

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          8.3 Fiduciaries Liable for Breach of Duty. A fiduciary shall be liable, as provided
in ERISA, for any breach of his fiduciary responsibilities. In addition, a fiduciary under this
Plan shall be liable for a breach of fiduciary responsibility of another fiduciary under this Plan
as provided under ERISA Section 405.

          8.4 Fiduciary May Employ Agents. Any person or group of persons may serve in more
than one fiduciary capacity with regard to the Plan. A fiduciary, with the consent of the
Employer, may employ one or more persons to render advice and assistance with regard to any
function such fiduciary has under the Plan. The expenses of such persons shall be paid by the
Employer.

          8.5 Authority Outlined.

               (a) Employer Authority. The Employer has the authority to amend and terminate the
Plan, and to appoint and remove members of the Committee.

               (b) Committee Authority. The Committee has the authority to:

               (i) Maintain the records of Accounts of the Participants;

               (ii) Furnish and correct errors in statements of Accounts;

               (iii) Establish the standards for determining Disability under the Plan;

               (iv) Construe the Plan document and questions thereunder; and

               (v) Employ advisors and assistants.

          8.6 Fiduciaries Not to Engage in Prohibited Transactions. A fiduciary shall not cause
the Plan to engage in a transaction if he knows or should know that such transaction constitutes a
prohibited transaction under ERISA Section 406 or code Section 4975, unless such transaction is
exempted under ERISA Section 408 or Code Section 4975.

ARTICLE 9

ADMINISTRATIVE COMMITTEE

          9.1 Appointment of Administrative Committee. The Compensation Committee of the Board
of Directors of Employer shall appoint an Administrative Committee to manage and administer this
Plan in accordance with the provisions hereof, each member to serve

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for such term as the Compensation Committee of the Board of Directors of Employer may
designate or until a successor member has been appointed or until removed by the Compensation
Committee of the Board of Directors of Employer. Members shall serve without compensation for
committee services. All reasonable expenses of the Committee shall be paid by the Employer.

          9.2 Committee Operating Rules. The Committee shall act by agreement of a majority of
its members, either by vote at a meeting or in writing without a meeting. By such action, the
Committee may authorize one or more members to execute documents on its behalf. In the event of a
deadlock or other situation which prevents agreement of a majority of the Committee members, the
matter shall be decided by the Employer.

          9.3 Duties of Plan Administrator. The Committee is the Plan Administrator under ERISA
and shall have the duty and authority to comply with the reporting and disclosure requirements of
ERISA which are specifically required of the Plan Administrator.

          9.4 Duties of the Committee. The Committee shall keep on file a copy of this Plan,
including any subsequent amendments and the latest annual report required under Title I of ERISA
for examination by Participants during the business hours.

          9.5 Committee Powers. The Committee has the power and duty to do all things necessary
or convenient to effect the intent and purpose of this Plan, whether or not such powers and duties
are specifically set forth herein. Not in limitation but in amplification of the foregoing, the
Committee shall have the power to construe the Plan document and to determine all questions
hereunder. Decisions of the Committee made in good faith upon any matters within the scope or its
authority shall be final and binding on the Employer, the Affiliated Employers, the Participants,
their Beneficiaries and all others. The Committee shall at all times act in a uniform and
nondiscriminatory manner in making and carrying out its decisions, and may from time to time
prescribe and modify uniform rules of interpretation and administration.

          9.6 Committee May Retain Advisors. With the approval of the Employer, the Committee
may from time to time or on a continuing basis, retain such agents and advisors including,
specifically, attorneys, accountants, actuaries, consultants and administrative assistants, as it
considers necessary to assist it in the proper performance of its duties. The expenses of such
agents or advisors shall be paid by the Employer.

          9.7 Claims Procedure.

               (a) Claims Must Be Submitted Within 60 Days. The Committee shall determine Participants’ and
Beneficiaries’ rights and benefits under the Plan. In the event of a dispute over benefits, a
Participant or Beneficiary may file a written claim for benefits with the Committee, provided that
such claim is filed within 60 days of the date the Participant or Beneficiary receives notification
of the Committee’s determination.

               (b) Requirements for Notice of Denial. If a claim is wholly or partially denied, the
Committee shall provide the claimant, setting forth:

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               (i) The specific reason for the denial;

               (ii) Specific references to the pertinent provisions on which the denial is based;

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

               (iv) Appropriate information as to the steps to be taken if the claimant wishes to
submit his or her claim for review. The notice of denial shall be given within a reasonable
time period but not later than 90 days of the date the claim is filed, unless special
circumstances require an extension of time for processing the claim. If such extension is
required, written notice shall be furnished to the claimant within 90 days of the date the
claim was filed stating the special circumstances requiring an extension of time and the
date by which a decision on the claim can be expected, which shall be no more than 180 days
from the date the claim was filed. If no notice of denial is provided as herein described,
the claimant may appeal the claim as though the claim had been denied.

               (c) Claimant’s Rights if Claim Denied. The claimant and/or his representative may appeal the
denied claim and may:

               (i) Request a review upon written request to the Committee;

               (ii) Review pertinent documents; and

               (iii) Submit issues and comments in writing; provided that such appeal is made within
60 days of the date the claimant received notification of the denied claim.

               (d) Time Limit on Review of Denied Claim. Upon receipt of a request for review, the committee
shall provide written notification of its decision to the claimant stating the specific reasons and
referencing specific Plan provisions on which its decision is based, within a reasonable time
period but not later than 60 days after receiving the request, unless special circumstances require
an extension for processing the review. If such an extension is required, the Committee shall
notify the claimant of such special circumstances and of the date, no later than 120 days after the
original date the review was requested, on which the Committee will notify the claimant of its
decision.

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               (e) No Legal Recourse Until Claims Procedure Exhausted. In the event of any dispute over
benefits under this Plan, all remedies available to the disputing individual under this Article 9.7
must be exhausted before legal recourse of any type is sought.

          9.8 Committee Indemnification. To the fullest extent permitted by law, the Employer
agrees to indemnify, to defend, and hold harmless the members of the Committee, individually and
collectively, against any liability whatsoever for any (1) action taken or omitted by them in good
faith in connection with this Plan or their duties hereunder, and (2) expenses or losses for which
they may become liable as a result of any such actions or non-actions, unless resultant from their
own willful misconduct. The Employer may purchase insurance for the Committee to cover any of
their potential liabilities with regard to the Plan.

ARTICLE 10

AMENDMENT AND TERMINATION

          10.1 Employer May Amend Plan. The Compensation Committee of the Board of Directors of
Employer or to the extent provided below, the Administrative Committee, may at any time modify or
amend any or all of the provisions of the Plan. The Administrative Committee may amend the Plan to
bring the Plan into compliance with applicable law or, to make such other changes as the
Administrative Committee deems desirable, provided that such changes do not materially increase the
cost of the Plan to Employer or take the Plan out of compliance with applicable law; and provided
further that the Committee may not admit new participants to the Plan or amend this Article 10.

          10.2 Employer May Terminate Plan. The Employer has established the Plan with the
bona fide intention and expectation that the Plan will continue indefinitely, but the Employer
shall be under no obligation to maintain the Plan for any given length of time and the Compensation
Committee of the Board of Directors of Employer may, in its sole discretion, terminate the Plan at
any time (provided that such termination is done in accordance with Code Section 409A) without any
liability, except as to the payment of benefits earned under this Plan prior to the date this Plan
is terminated.

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