Document:

EX-10.F(1)

Exhibit 10f(1)

AMENDMENT TO

HUBBELL INCORPORATED AMENDED AND RESTATED

DEFERRED COMPENSATION PLAN FOR DIRECTORS

Restated and Amended, Effective as of January 1, 2005

     WHEREAS, this Corporation maintains the Hubbell Incorporated Amended and Restated Deferred
Compensation Plan for Directors (the “Plan”), which has been amended and restated from time to
time, the most recent amendment taking place effective as of January 1, 2005;

     WHEREAS, the Board of Directors has reserved the right in Section 6.1 of the Plan to amend the
Plan;

     WHEREAS, it is desirable to amend the Plan to change the timing on which distributions will be
made under the Plan.

     NOW, THEREFORE, the Plan is hereby amended as follows:

     1. By adding the following Section 2.5 to the Plan:

“2.5 Prior to December 31, 2008 each Director who is a participant in the Plan on
December 31, 2008 shall make an election to have his or her Accounts payable under
Article IV upon Separation from Service commencing on either the six month
anniversary of the Director’s Separation from Service or the fifth business day of
the Year following the Director’s Separation from Service. For each Director who
first becomes a participant in the Plan after January 1, 2009 such election shall be
made at the time of the Director’s initial deferral election under Section 2.1. If
no such election is filed, then the Director’s Accounts shall be payable commencing
on the fifth business day of the Year following the Director’s Separation from
Service.”

     2. By amending Section 4.1 of the Plan to substitute the following for the second sentence
thereof effective January 1, 2009:

“Unless otherwise provided in Section 4.5, distributions shall begin pursuant to the
Director’s election on either the six month anniversary of the Director’s Separation
from Service or the fifth business day of the Year following the Director’s
Separation from Service; and if installment distributions are elected each
subsequent installment shall be made as of the fifth business day of the Year next
following the Year in which payments commenced.”

     3. By amending Section 4.5 to substitute the following for first sentence thereof effective
December 1, 2008:

“A Director may elect on or prior to December 31, 2008 to commence receiving his
Retirement Benefit Account in a lump sum or in installments on either the six month
anniversary or the fifth business day of the Year following the date on which the
Director attains age 70, regardless of whether or not such Director has incurred a Separation from Service, provided, however, that if a Director has
attained age 70 on or before December 31, 2008, then such Retirement Benefit Account
shall not commence prior to the first business day of 2009; provided, further, that
if installment distributions are elected each subsequent installment shall be made
as of the fifth business day of the Year following the Year in which payments
commenced.

     4. By adding the following Section 4.6 to the Plan effective December 1, 2008:

4.6 One Time Withdrawal Election. Notwithstanding anything contained in this Plan to the
contrary, a Director may prior to December 31, 2008 file a one-time election to have all or any
portion of the balance of his Accounts as of December 31, 2008 (plus interest and dividend
equivalents thereon) distributed and paid out to him in a lump sum on the fifth business day of
January 2009 (the “Payment Date”). Such election shall include whether such distribution will be
from amounts credited to the Cash Account or the Stock Unit Account. The Directors’ Stock Unit
Account shall be paid out in shares of Class A Common Stock, Class B Common Stock or cash as
provided in Section 4.1. Any election under this Section 4.6 shall not apply to any amounts
credited to a Director’s Account for Fees for services in 2009. An election to receive a partial
distribution of a Director’s deferred compensation account under this Section 4.6, shall not impact
a Director’s election as to the manner or date of payment of the remaining portion of the
Director’s Accounts.EX-10.J

Exhibit 10(j)

AMENDMENTS TO THE

CERTIFICATE OF EXTRA COMPENSATION PLAN

Effective as of January 1, 2009, the Certificate of Extra Compensation Plan (the “Plan”) shall be
amended as follows:

1. Plan Name Change. The Plan shall be renamed the “Certificate of Long-Term Compensation
Plan,” and all references in the Plan to “CEC” shall be changed to “CLC.”

2. Section 409A Amendments. The following new Article “SEVENTEENTH” shall be inserted at
the end of the Plan:

	 	 	“SEVENTEENTH: Notwithstanding any other provision of the Plan to the contrary, the terms of
this Article “SEVENTEENTH” shall apply to the payment of the Formula Value of the Employee’s
409A Shares. For purposes of this Plan, the term “409A Shares” shall mean CLC Shares that
are awarded or vested after December 31, 2004 (the “409A Shares”). This Article
“SEVENTEENTH” is intended to ensure that the terms of the Plan comply with Section 409A of
the Internal Revenue Code of 1986, as amended, and the regulations and other guidance issued
thereunder (“Section 409A”).

	 	(a)	 	Payment of 409A Shares. The Formula Value of an Employee’s 409A Shares
shall be payable only upon the occurrence of a 409A Payment Event. Subject to the
limitations applicable to Specified Employees set forth in this Article “SEVENTEENTH,”
the Company shall pay the Formula Value of the Employee’s 409A Shares in a single lump
sum within the 90-day period beginning on the date of the 409A Payment Event. The
Employee shall have no influence on any determination as to the tax year in which the
payment is made.
	 
	 	(b)	 	409A Payment Event. For purposes of this Plan, the term “409A Payment
Event” shall mean the date on which one of the following occurs with respect to an
Employee (or a date related to the occurrence of one of the following):

	 	i)	 	Separation from Service (within the meaning of Treasury
Regulations Section 1.409A-1(h) and other applicable rules under Section
409A);
	 
	 	ii)	 	Death; or
	 
	 	iii)	 	Disability (within the meaning of Section 409A(a)(2)(C) of
the Internal Revenue Code of 1986, as amended, (the “Code”) and the
regulations thereunder).

	 	 	 	With respect to an Employee who is placed on “long-term disability” as provided in
Article “THIRD,” above, the Company shall determine whether a Separation from Service
has occurred with respect to the Employee based on the facts and circumstances for
purposes of establishing the time of payment for the Employee’s 409A Shares. The
Company’s determination shall be made initially within 60 days of the date the Employee
is placed on “long-term disability,” and each anniversary of such date thereafter.
	 
	 	(c)	 	No Deferral of Payment. An Employee may not elect to defer receipt of
any portion of the Formula Value of his/her 409A Shares or to receive such amounts in
the form of installment payments. An Employee’s election to defer receipt of any
portion of his/her CEC holdings or to be paid in installments pursuant to the provisions of Articles “FOURTH” and “SEVENTH,”
above, shall be effective solely with respect to the portion of the Formula Value of the
Employee’s CLC Shares that were awarded and vested before January 1, 2005 (the
“Grandfathered Shares”).

	 	(d)	 	Limitations Applicable to Specified Employees. No portion of the
Formula Value of a Specified Employee’s 409A Shares shall be paid before the expiration
of the six-month period specified in Code Section 409A(a)(2)(B)(i) and the regulations
thereunder. This delay shall not affect the payment of any portion of the Formula
Value of a Specified Employee’s Grandfathered Shares. For purposes of this Plan,
“Specified Employee” shall mean a “key employee” (within the meaning of Code Section
416(i) without regard to paragraph (5) thereof) who is one of the top 50 highest paid
officers of the Company on the applicable determination date pursuant to procedures
adopted by the Company. For purposes of identifying Specified Employees under this
Article “SEVENTEENTH,” “compensation” shall be determined under the safe harbor
definition set forth in Treasury Regulation Section 1.415(d)-2(d)(3) and shall exclude
all compensation permitted under Treasury Regulation Section 1.415(c)-2(g)(ii).
	 
	 	(e)	 	Payment Upon Termination of the Plan. Upon termination of the Plan
pursuant to Article “SIXTEENTH” hereof with respect to all Employees and the
termination of all other arrangements sponsored by the Company that would be aggregated
with the Plan under Section 409A, the Company shall have the right, in its sole
discretion, and notwithstanding any elections made by an Employee, to pay the Formula
Value of an Employee’s 409A Shares in a lump sum to the extent permitted under Section
409A and the regulations and guidance thereunder. All payments made under this Article
“SEVENTEENTH” upon termination of the Plan shall be made no earlier than the thirteenth
(13th) month and no later than the twenty-fourth (24th) month
after the termination of the Plan. The Company may not accelerate payments pursuant to
this Article “SEVENTEENTH” if the termination of the Plan is proximate to a downturn in
the Company’s financial health. If the Company exercises its discretion to accelerate
payments under this Article “SEVENTEENTH,” the Company shall not adopt any new
arrangement that would have been aggregated with the Plan under Section 409A within
three (3) years following the date of the Plan’s termination.
	 
	 	(f)	 	Provisions Intended to Ensure Compliance with Code Section 409A. This
Article “SEVENTEENTH” and any other provision of this Plan that applies to 409A Shares,
including the rights of the Company or an Employee with respect to the 409A Shares,
shall be limited to those terms permitted under Section 409A. Any terms not permitted
under Section 409A shall be automatically modified and limited to the extent necessary
to comply with Section 409A, but only to the extent such modification or limitation is
permitted under Section 409A.
	 
	 	 	 	Notwithstanding any other provision to the contrary, effective as of October 3, 2004,
the Company may, in its discretion, require or permit on an elective basis a change in
the payment terms applicable to an Employee’s 409A Shares in accordance with, and to the
fullest extent permitted by, applicable guidance under Section 409A, including, but not
limited to, IRS Notice 2005-1, Proposed Treasury Regulations Section 1.409A, Preamble
Section XI.C, and IRS Notice 2007-86, provided that such election (i) is made on or
before December 31, 2008, (ii) applies only to amounts that would not otherwise be
payable in the year of the election, and (iii) does not cause an amount to be paid in
the year of the election that would not otherwise be payable in that year.
	 
	 	(g)	 	Provisions Not Applicable to Grandfathered Shares. This Article
“SEVENTEENTH” shall in no event apply to any portion of the Formula Value of an
Employee’s Grandfathered Shares. No amendment or change to this Plan or any other change (including an exercise of
discretion) with respect to the Grandfathered Shares made after October 3, 2004, shall
be effective if such amendment or change would constitute a “material modification”
within the meaning of Section 409A.”

 

 

CERTIFICATION OF SECTION 409A AMENDMENTS

TO CERTAIN DEFERRED COMPENSATION PLANS

     WHEREAS, Johnson & Johnson (the “Company”) maintains the Certificate of Extra Compensation
Plan, the Executive Income Deferral Plan, and the Deferred Fee Plan for Directors (collectively,
the “Plans”);

     WHEREAS, the Compensation & Benefits Committee of the Board of Directors of the Company (the
“Committee”) has previously approved and authorized certain amendments to the Plans to comply with
the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and all
regulations and other guidance thereunder, (“Section 409A”), and to make other non-material
changes; and

     WHEREAS, the Committee has delegated to the Management Compensation Committee (“the MCC”) the
authority (i) to take all actions necessary and proper to effectuate amendments to the Plans that
have been approved and authorized by the Committee; and (ii) to approve and adopt any amendment(s)
to the Plans that may be necessary to comply with changes to any legal or regulatory requirements
that apply to the Plans.

     NOW, THEREFORE, BE IT RESOLVED, that the MCC hereby certifies that each Plan shall be amended
to incorporate the amendments attached hereto, effective as of January 1, 2009, unless otherwise
specifically set forth therein; and

     FURTHER RESOLVED, that the Vice President, Human Resources of the Company, upon consultation
and approval of counsel, is hereby authorized to take any and all actions that she, in her
discretion, determines (i) to be necessary or appropriate to incorporate the attached amendments
into the applicable Plan, or (ii) to ensure that each Plan, as amended, is properly administered,
including, but not limited to, (A) making all conforming changes to the Plan and/or restating the
Plan in its entirety, (B) adopting any additional amendments to the Plan that may be necessary or
proper to comply with Section 409A, and (C) adopting and/or amending administrative policies and
procedures under the Plan.

	 	 	 	 	 
	DATED: December 16, 2008	 	MANAGEMENT COMPENSATION COMMITTEE

OF JOHNSON & JOHNSON
	 
	 	 	 	 
	 

	 	NAME:
	 	/s/ W. C. Weldon
	 

	 	 	 	 

W. C. WELDON

	 

	 	TITLE:
	 	(Chairman)
	 
	 	 	 	 
	 

	 	NAME:
	 	/s/ D. J. Caruso
	 

	 	 	 	 

D. J. CARUSO

	 

	 	TITLE:
	 	(Member)
	 
	 	 	 	 
	 

	 	NAME:
	 	/s/ K. Foster-Cheek
	 

	 	 	 	 

K. FOSTER-CHEEK

	 

	 	TITLE:
	 	(Member)
	 
	 	 	 	 
	 

	 	NAME:
	 	/s/ C. A. Poon
	 

	 	 	 	 

C. A. POON

	 

	 	TITLE:
	 	(Member)

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