Document:

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                                                                    Exhibit 10.6

        FMC Corporation Salaried Employees' Equivalent Retirement Plan
        --------------------------------------------------------------
             (As amended and restated effective as of May 1, 2001)

     Section 1.  Establishment and Purposes of the Plan.  The FMC Salaried
                 --------------------------------------
Employees' Equivalent Retirement Plan (the "Plan") was established effective
January 1, 1976 by FMC Corporation, a Delaware corporation ("Company").  The
purpose of the Plan is to provide employees of the Company and its affiliated
companies that have adopted the Plan (collectively, the "Employer") with the
retirement benefits they would have received under Part I - Salaried and Non-
Union Hourly Employees' Retirement Plan of the FMC Corporation Employees'
Retirement Program (the "Salaried Retirement Plan"), but for the limitations of
Sections 401(a)(17) and 415 of the Internal Revenue Code of 1986, as amended
(the "Code"), and but for the fact that amounts an employee defers under the FMC
Corporation Non-Qualified Savings and Investment Plan are not pensionable
earnings under the Salaried Retirement Plan.  This document represents an
amendment and restatement of the Plan, effective as of May 1, 2001.

     Section 2.  Participants.  An employee of any Employer who is an active
                 ------------
participant in the Salaried Retirement Plan will become a "Participant" on the
day he or she becomes entitled to an Excess Benefit under Section 3.  Once an
individual is a Participant, he or she will remain a Participant until his or
her entire Excess Benefit has been paid.

     Section 3.  Excess Benefit.  Each employee of an Employer who is an active
                 --------------
participant in the Salaried Retirement Plan will be entitled to receive an
"Excess Benefit" equal to the amount, if any, by which his or her accrued
benefit under the Salaried Retirement Plan is reduced:

          (a)  to comply with the limitations of Section 415 of the Code;

          (b)  because his or her pensionable earnings exceed the annual
               compensation limit under Code Section 401(a)(17), as adjusted
               (for 2001, $170,000); and

          (c)  because deferred compensation is not included in the definition
               of pensionable earnings under the Salaried Retirement Plan.

If the Participant's Excess Benefit is paid in a form other than the normal form
of benefit under the Salaried Retirement Plan, his or her Excess Benefit will be
converted to the form of benefit in which it is paid, using the same actuarial
assumptions and methods as are used to determine actuarial equivalence under the
Salaried Retirement Plan.

     Section 4.  Funding.  The amount of a Participant's Excess Benefit, if any,
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will be determined at the time the Participant becomes entitled to receive a
retirement benefit under the Salaried Retirement Plan, or at another time
determined by the Committee (as defined in Section 7) in its sole discretion,
according to rules of uniform application.  Neither the Company nor any Employer
is  required to segregate on its books or elsewhere any amount to be used to pay
Excess Benefits, and no accounts will be maintained for Participants under the
Plan.  This
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Plan will be unfunded, and Plan benefits will be payable only from the general
assets of the Company or any Employer. Each Participant has only the rights of
an unsecured creditor of the Company or any Employer, as to his or her Excess
Benefit.

     Section 5.  Establishment of Trust. The Company may, in its sole
                 ----------------------
discretion, establish a grantor trust in order to accumulate assets to pay Plan
obligations.  The assets and income of any trust established under this Plan
will be subject to the claims of the Company's creditors (and those of any
Employer, but only to the extent they are attributable to the contributions of
such Employer or required by law) in the event of the Company's (or any
Employer's) bankruptcy or insolvency, and the trust document will specifically
contain language to that effect, and language specifying the mandatory procedure
for the Company to notify the trustee of bankruptcy or insolvency.  The
establishment or maintenance of a trust will not affect the Company's (or any
Employer's) liability to pay Plan benefits, except as and to the extent amounts
from the trust are actually used to pay a Participant's Plan benefits.  If the
Company does establish a trust under the Plan, the Company will determine how
much will be contributed to the trust and when, and trust assets will be
invested in accordance with the terms of the trust.

A Participant will have no direct or secured claim in any asset of the trust, or
in specific assets of the Company or any Employer, and will have the status of a
general unsecured creditor for any amounts due under this Plan.

     Section 6.  Payment of Excess Benefit.  Except as described below, a
                 -------------------------
Participant's Excess Benefit will be paid to him or her (or, if he or she dies,
to his or her beneficiary) at the same time and in the same manner as his or her
accrued benefit under the Salaried Retirement Plan.  A Participant's beneficiary
under this Plan will be the same person or persons as his or her beneficiary
under the Salaried Retirement Plan.  Except as described below, no Participant
will be required or permitted to make any election or designation, including but
not limited to a payment election or a beneficiary designation, under this Plan.
Instead, each election or designation a Participant makes under the Salaried
Retirement Plan will apply to the Participant's Excess Benefit.

Effective for distributions beginning on or after January 1, 1998, a Participant
may elect a lump sum distribution of his or her Excess Benefit.  A lump sum will
be paid as of the last day of the sixth calendar month after the calendar month
in which the Participant terminated employment with the Company and all other
Employer, or at such other time as the Committee determines.

Effective for distributions beginning on or after August 1, 1999, the Committee
may, in its sole discretion, give a Participant the ability to elect a special
annuity distribution option whereby the Company will purchase an annuity
contract to pay the Participant's Excess Benefit at the same time and in the
same manner as his or her accrued benefit under the Salaried Retirement Plan are
to be paid.

Notwithstanding anything herein to the contrary, the Committee may on its own
initiative authorize the Company to distribute to any Participant (or, if the
Participant has died, to his or her designated beneficiary) all or any part of
the Participant's Excess Benefit.  Payment under the preceding sentence is
specifically authorized if there is a change in tax law, a published

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ruling or a similar announcement issued by the Internal Revenue Service, a
Treasury Regulation, a decision by a court of competent jurisdiction involving a
Participant or designated beneficiary or a closing agreement involving a
Participant, that the Committee determines will cause the Participant to have or
recognize income for federal income tax purposes as to Excess Benefits payable
under this Plan.

     Section 7.  Administration of the Plan.  This Plan will be administered by
                 --------------------------
the FMC Corporation Compensation and Organization Committee (the "Committee").
The Committee has all necessary power to administer the Plan, including the
authority and duty to interpret and apply the Plan's terms, adopt any rules or
regulations the Committee deems necessary or desirable to operate the Plan, make
whatever determinations are permitted or required to maintain or administer the
Plan and take any other actions that prove necessary to administer the Plan
properly, in accordance with its terms.  Any decision of the Committee as to any
matter within its authority will be final, binding and conclusive upon the
Company, each Employer, and each Participant, former Participant, beneficiary or
other person claiming under or through any Participant or beneficiary.  An
action of the Committee regarding a particular Participant will not be binding
on the Committee regarding an action to be taken as to any other Participant.  A
member of the Committee may be a Participant, but he or she may not participate
in any decision that directly affects his or her rights under the Plan, or the
computation of his or her Excess Benefit.  Each determination required or
permitted under the Plan will be made by the Committee in its sole and absolute
discretion.  The Committee may delegate some or all of its Plan duties or
responsibilities.

     Section 8.  Amendment and Termination.  The Company may amend or terminate
                 -------------------------
the Plan by action of its Board of Directors, or by action of an officer or
Company employee or committee authorized by the Company's Board of Directors to
amend the Plan.  Any Employer may terminate its participation in the Plan at any
time by appropriate action, in its discretion.  The Plan will automatically
terminate as to any Employer upon termination of the Employer's participation in
the Salaried Retirement Plan.  Notwithstanding the foregoing, no Plan amendment
or termination may adversely affect the right of a Participant (or of his or her
beneficiary) to a benefit accrued under this Plan before the date the amendment
is adopted or effective, whichever is later.

     Section 9.  Employment.  Nothing in this Plan will be deemed to give any
                 ----------
person the right to remain in the employ of the Company, any Employer or any of
its affiliates, or affect the right of the Company, any Employer or any of its
affiliates to terminate or change the terms of any Participant's employment,
with or without cause. By accepting any payment under this Plan, each
Participant, former Participant and designated beneficiary and each person
claiming under or through a Participant, former Participant or designated
beneficiary, is conclusively bound by any action or decision taken or made under
the Plan by the Committee, the Company or any Employer.

     Section 10.  Withholding for Taxes.  Notwithstanding anything contained in
                  ---------------------
this Plan to the contrary, any Employer will withhold from any distribution or
deferral under the Plan whatever amount or amounts it is required to withhold to
comply with the tax withholding

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provisions of the Code or any state income tax act for purposes of paying any
income, estate, inheritance, employment or other tax attributable to any amounts
distributable under the Plan.

     Section 11.  Immunity of Committee Members.  The members of the Committee
                  -----------------------------
may rely upon any information, report or opinion supplied to them by any officer
of an Employer or any legal counsel, independent public accountant or actuary,
and will be fully protected in relying on any such information, report or
opinion.  No member of the Committee will have any liability to the Company, any
Employer or any Participant, former Participant, beneficiary, person claiming
under or through any Participant or beneficiary, or other person interested or
concerned in connection with any Plan decision made by that member of the
Committee, so long as the decision was based on any such information, report or
opinion, and the Committee member relied on it in good faith.

     Section 12.  Action by Employer.  Any action required or permitted to be
                  ------------------
taken under the Plan by an Employer must be taken by its board of directors, by
a duly authorized committee of its board of directors, or by a person or persons
authorized by its board of directors or an authorized committee.

     Section 13.  Effect on Other Employee Benefit Plans.  Compensation accrued
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under this Plan will not be included in the Participant's compensation or
earnings for purposes of computing benefits under any other employee benefit
plan maintained or contributed to by the Company or any Employer, except as and
to the extent required under the terms of that employee benefit plan or
applicable law.

     Section 14.  Non-Alienation of Benefits.  A Participant's rights to Excess
                  --------------------------
Benefits under the Plan cannot be granted, transferred, pledged or otherwise
assigned, in whole or in part, by the voluntary or involuntary acts of any
person, or by operation of law, and will not be liable or taken for any
obligation of the Participant.  Any attempted grant, transfer, pledge or
assignment of a Participant's rights to Plan benefits will be null and void and
without any legal effect.

     Section 15.  Employer Liability.  Each Employer is liable to pay the Plan
                  ------------------
benefits earned or accrued for its eligible employees who are Participants.
With the consent of the Company's Board of Directors (or of a duly appointed
delegate of the Board of Directors), any Employer may assume any other
Employer's Plan liabilities and obligations.  To the extent that an Employer
assumes another Employer's Plan liabilities or obligations, the second Employer
will be released from any continuing obligation under the Plan.  At the
Company's request, a Participant, former Participant or designated beneficiary
will sign any documents reasonably required by the Company to effectuate the
purposes of this Section 15.

     Section 16.  Notices.  Any notice required to be given by the Company, an
                  -------
Employer or the Committee must be in writing and must be delivered in person, by
registered mail, return receipt requested, or by regular mail, telecopy or
electronic mail.  Any notice given by mail will be deemed to have been given on
the date it was mailed, correctly addressed to the last known address of the
person to whom the notice is to be given.

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     Section 17.  Gender, Number and Headings.  Except where the context
                  ---------------------------
otherwise requires, in this Plan the masculine gender includes the feminine, the
feminine includes the masculine, the singular includes the plural, and the
plural includes the singular.  Headings are inserted for convenience only, are
not part of the Plan, and are not to be considered in the Plan's construction.

     Section 18.  Controlling Law.  The Plan will be construed according to the
                  ---------------
internal laws of Delaware to the extent they are not preempted by any applicable
federal law.

     Section 19.  Successors.  The Plan is binding on all persons entitled to
                  ----------
benefits under it, on their respective heirs and legal representatives, on the
Committee and its successor, and on any Employer and its successor, whether by
way of merger, consolidation, purchase or otherwise.

     Section 20.  Severability.  If any provision of the Plan is held to be
                  ------------
illegal or invalid for any reason, that illegality or invalidity will not affect
the remaining provisions of the Plan, and the Plan will be enforced and
administered, from that point forward, as if the invalid provisions had never
been part of it.

     Section 21.  Subsequent Changes.  All benefits to which any Participant,
                  ------------------
beneficiary or other person is entitled under this Plan will be determined
according to the terms of the Plan as in effect when the Participant ceases to
be an employee for purposes of the Salaried Retirement Plan, and will not be
affected by any subsequent changes in Plan provisions, unless the Participant
again becomes an employee, or unless and to the extent the subsequent change
expressly applies to the Participant, his or her beneficiary, or other person
claiming through or on behalf of the Participant or beneficiary.

     Section 22.  Benefits Payable to Minors, Incompetents and Others.  If any
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benefit is payable to a minor, an incompetent, or a person otherwise under a
legal disability, or to a person the Committee reasonably believes to be
physically or mentally incapable of handling and disposing of his or her
property, the Committee has the power to apply all or any part of the benefit
directly to the care, comfort, maintenance, support, education or use of the
person, or to pay all or any part of the benefit to the person's parent,
guardian, committee, conservator or other legal representative, to the
individual with whom the person is living, or to any other individual or entity
having the care and control of the person.  The Plan, the Committee, the Company
and any Employer and their employees and agents will have fully discharged their
responsibilities to the Participant or beneficiary entitled to a payment by
making payment under this Section 22.

     IN WITNESS WHEREOF, the Company has caused this Plan to be executed in its
name and behalf as of this 1st day of May, 2001.

                                   FMC CORPORATION

                                   By: /s/ Michael W. Murray
                                       ----------------------

                                   Its: Vice President -- Human Resources
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                                      -5-<PAGE>

                                                                   Exhibit 10.10

                                FMC Corporation
                            Executive Severance Plan
                            ------------------------
             (As Amended and Restated Effective as of May 1, 2001)

1.   History and Purpose.  The Company adopted the Plan in 1983 and amended and
     -------------------
restated in 1997 and as of January 1, 2000.    The Plan is hereby amended and
restated as of May 1, 2001.  The purpose of the Plan is to assure the Company
that it will have the continued dedication and the availability of objective
advice and counsel from key executives of the Company, notwithstanding the
possibility, threat or occurrence of a bid to take over control of the Company.

     The Board believes it is imperative that, if the Company receives any
proposals from a third person concerning a possible business combination with
the Company or the acquisition of the Company's equity securities, both the
Company and the Board be able to rely upon key executives to continue in their
positions and to be available for advice, without concern that those individuals
might be distracted by their own personal financial situations and the risks to
themselves created by the proposal.

     If the Company receives any such proposal, key executives will be called
upon to assist in assessing the proposal, to advise management and the Board
regarding whether the proposal is in the best interest of the Company and its
stockholders, and to take such other actions as the Board might deem
appropriate.

2.   Eligible Executives.  The following individuals will be Participants:
     -------------------

     a.  the Chairman of the Board;

     b.  the President, the Executive Vice Presidents, and the Senior Vice
     Presidents of the Company;

     c.  the Group and Regional Managers of the Company;

     d.  other officers of the Company, except Assistant Secretaries and
     Assistant Treasurers;

     e.  Division Managers of the Company; and

     f.  other key executives of the Company and its Affiliates who are from
     time to time named as Participants by the Committee in its sole discretion.

     A Participant will cease to be a Participant if and when the Committee
determines he or she should no longer be a Participant.  The Committee will not
determine that a Participant has ceased to be a Participant during any period
that the Company knows a Person has taken steps reasonably calculated to effect
a Change in Control, and before the Board has determined that that Person has
abandoned or terminated its efforts to effect a Change in Control.  The decision
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of the Board that a Person has abandoned or terminated its efforts to effect a
Change in Control will be conclusive and binding on all Participants.

3.   Terms of the Plan.  The terms of the Plan are as set forth in the forms of
     -----------------
Agreement attached to this Plan, with Form IA applicable to Tier IA
Participants, Form I applicable to Tier I Participants, Form II applicable to
Tier II Participants and Form III applicable to Tier III Participants.  The
Company will enter into Agreements with each Participant containing the terms
set forth in the applicable form.  Once an individual becomes a Participant, for
periods prior to the date the Company and the Participant execute an Agreement,
the Participant will be entitled to participate in the Plan on the terms and
conditions set forth in the form of Agreement applicable to the Participant.

4.   Certain Definitions.  Capitalized terms used in this Plan will have the
     -------------------
meanings set forth below.

     a.   Affiliate means a corporation or other entity controlled by,
          ---------
          controlling or under common control with the Company, including,
          without limitation, any corporation partnership, joint venture or
          other entity during any period in which at least a fifty percent (50%)
          voting or profits interest is owned, directly or indirectly, by the
          Company or any successor to the Company.

     b.   Agreement means the executive severance agreements, in the forms
          ---------
          attached to the Plan, that the Company enters into with Participants
          to memorialize the terms of their entitlement to executive severance
          benefits.

     c.   Board means the Board of Directors of the Company, as it is
          -----
          constituted from time to time.

     d.   Change in Control means the happening of any of the following events:
          -----------------

               (1)  An acquisition by any Person of beneficial ownership (within
          the meaning of Rule 13d-3 promulgated under the Exchange Act) of
          twenty percent (20%) or more of either (A) the then outstanding shares
          of common stock of the Company (the "Outstanding Company Common
          Stock") or (B) the combined voting power of the then outstanding
          voting securities of the Company entitled to vote generally in the
          election of directors (the "Outstanding Company Voting Securities");
          excluding, however, the following: (i) any acquisition directly from
          the Company, other than an acquisition by virtue of the exercise of a
          conversion privilege unless the security being so converted was itself
          acquired directly from the Company, (ii) any acquisition by the
          Company, (iii) any acquisition by any employee benefit plan (or
          related trust) sponsored or maintained by the Company or any entity
          controlled by the Company, or (iv) any acquisition pursuant to a
          transaction which complies with Subsections (A), (B) and (C) of
          Subsection (3) of this Section 4d;

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               (2)  A change in the composition of the Board such that the
          individuals who, as of the Effective Date, constitute the Board (such
          Board will be hereinafter referred to as the "Incumbent Board") cease
          for any reason to constitute at least a majority of the Board;
          provided, however, for purposes of this Section 4(d), that any
          individual who becomes a member of the Board subsequent to the
          Effective Date, whose election, or nomination for election by the
          Company's stockholders, was approved by a vote of at least a majority
          of those individuals who are members of the Board and who were also
          members of the Incumbent Board (or deemed to be such pursuant to this
          proviso) will be considered as though such individual were a member of
          the Incumbent Board; but, provided further, that any such individual
          whose initial assumption of office occurs as a result of either an
          actual or threatened election contest (as such terms are used in Rule
          14a-11 of Regulation 14A promulgated under the Exchange Act) or other
          actual or threatened solicitation of proxies or consents by or on
          behalf of a Person other than the Board will not be so considered as a
          member of the Incumbent Board;

               (3)  Consummation of a reorganization, merger or consolidation,
          sale or other disposition of all or substantially all of the assets of
          the Company or acquisition by the Company of the assets or stock of
          another entity ("Corporate Transaction"); excluding, however, such a
          Corporate Transaction pursuant to which (A) all or substantially all
          of the individuals and entities who are the beneficial owners,
          respectively, of the Outstanding Company Common Stock and Outstanding
          Company Voting Securities immediately prior to such Corporate
          Transaction will beneficially own, directly or indirectly, more than
          sixty percent (60%) of, respectively, the outstanding shares of common
          stock, and the combined voting power of the then outstanding voting
          securities entitled to vote generally in the election of directors, as
          the case may be, of the corporation resulting from such Corporate
          Transaction (including, without limitation, a corporation which as a
          result of such transaction owns the Company or all or substantially
          all of the Company's assets either directly or through one or more
          subsidiaries) in substantially the same proportions as their
          ownership, immediately prior to such Corporate Transaction, of the
          Outstanding Company Common Stock and Outstanding Company Voting
          Securities, as the case may be, (B) no Person (other than the Company,
          any employee benefit plan (or related trust) of the Company or such
          corporation resulting from such Corporate Transaction) will
          beneficially own, directly or indirectly, twenty percent (20%) or more
          of, respectively, the outstanding shares of common stock of the
          corporation resulting from such Corporate Transaction or the combined
          voting power of the outstanding voting securities of such corporation
          entitled to vote generally in the election of directors except to the
          extent that such ownership existed prior to the Corporate Transaction,
          and (C) individuals who were members of the Incumbent Board will
          constitute at least a majority of the members of the board of
          directors of the corporation resulting from such Corporate
          Transaction; or

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

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     e.   Committee means the Compensation and Organization Committee of the
          ---------
          Board, or any other committee of the Board that has, on the date of
          termination, the duties and responsibilities delegated to the
          Compensation and Organization Committee as of the Effective Date.

     f.   Company means FMC Corporation, a Delaware Corporation, or any
          -------
          successor thereto.

     g.   Distribution means FMC's distribution of its interest in the Company.
          ------------

     h.   Effective Date means May 1, 2001, the date the Plan was adopted by the
          --------------
          Board.

     i.   Exchange Act means the Securities Exchange Act of 1934, as amended, or
          ------------
          any successor thereto.

     j.   FMC means FMC Corporation, a Delaware corporation.
          ---

     k.   IPO means the initial registered public offering by the Company of
          ---
          shares of common stock of the Company.

     l.   Participant means one of the Tier IA Participants, Tier I
          -----------
          Participants, Tier II Participants or Tier III Participants.

     m.   Person has the meaning ascribed to such term in Section 3(a)(9) of the
          ------
          Exchange Act and used in Sections 13(d) and 14(d) thereof, including a
          "group" as provided in Section 13(d) thereof.

     n.   Plan means the FMC Corporation Executive Severance Plan, as set forth
          ----
          herein and as hereinafter amended from time to time.

     o.   Tier IA Participants means the Chairman of the Board, the Chief
          --------------------
          Executive Officer and the President of the Company, and any other
          employees of the Company or an Affiliate designated by the Committee
          as Tier IA Participants.

     p.   Tier I Participants means the Executive Vice Presidents, Senior Vice
          -------------------
          Presidents, Group Managers, and International Regional Managers of the
          Company, and any other employees of the Company or an Affiliate
          designated by the Committee as Tier I Participants.

     q.   Tier II Participants means all officers of the Company other than
          --------------------
          Assistant Secretaries and Assistant Treasurers, and any other
          employees of the Company or an Affiliate designated by the Committee
          to be Tier II Participants.

     r.   Tier III Participants means Division Managers of the Company and any
          ---------------------
          other employees of the Company or an Affiliate designated by the
          Committee to be Tier

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          III Participants, and any other employees of the Company or an
          Affiliate designated by the Committee as Tier III Participants.

5.  Trust.  The Company will create a trust in accordance with the terms of the
    -----
forms of Agreement.  The trust will have such assets as the forms of Agreement
provide.  Any assets contained in the trust will, at all times, be specifically
subject to the claims of the Company's general creditors in the event of
bankruptcy or insolvency.  The trust document must specifically state that any
assets held under it will be subject to the claims of the Company's general
creditors in the event of bankruptcy or insolvency, and must detail the required
procedure for notifying the trustee of the Company's bankruptcy or insolvency.

6.  Termination and Amendment of the Plan.  The Board or the Committee will have
    -------------------------------------
the power at any time, in its discretion, to amend, abandon or terminate the
Plan, in whole or in part.  Notwithstanding the foregoing, no amendment,
abandonment or termination may modify, waive or discharge any provisions of the
Agreements, unless each affected Participant agrees in writing, signed by the
Participant and an authorized member of the Board or the Committee (or by either
or both parties' legal representatives or successors), to the modification,
waiver or discharge.

7.  Governing Law.  The validity, interpretation, construction and enforcement
    -------------
of this Plan will be governed by the laws of the State of Delaware, without
giving effect to that state's conflicts of laws principles.  Notwithstanding the
foregoing, to the extent state laws are preempted by the laws of the United
States, the laws of the United States will control the validity, interpretation,
construction and enforcement of this Plan.

8.  Administration by the Committee.  The Committee is the administrator of the
    -------------------------------
Plan, and has all powers necessary to carry out the Plan's provisions.  Among
other things, the Committee has the authority, subject to the terms of the Plan
and the Agreements, to adopt, alter and replace administrative rules, guidelines
and practices governing the Plan, to interpret the terms and provisions of the
Plan and any Agreements and to take any action it deems appropriate for the
administration of the Plan.  The Committee may act only by a majority of its
members then in office unless it allocates or delegates its authority to a
Committee member or other person to act on its behalf.  The Committee may
allocate all or any portion of its responsibilities and powers to any one or
more of its members and may delegate all or any part of its responsibilities and
powers to any other person or persons.  Any such allocation or delegation may be
revoked by the Committee at any time. The regularly kept records of the Company
and its Affiliates will be final, conclusive and binding on all persons
regarding a Participant's date and length of service, amount of compensation and
the manner of its payment, type and length of absences from work and all other
matters contained in those records.  Any authority granted to the Committee may
also be exercised by the Board.  To the extent that any permitted action taken
by the Board conflicts with action taken by the Committee, the Board action will
control.

9.  Incapacity.  If any person entitled to a distribution under the Plan is
    ----------
deemed by the Company or the Committee or their delegates to be incapable of
personally receiving and giving a valid receipt for the distribution, then,
unless and until a duly appointed guardian or other representative of the person
claims the distribution, the Company or its delegate may pay the

                                      -5-
<PAGE>

distribution or any part of it to any other person or institution then
contributing toward or providing for the care and maintenance of the person
entitled to the distribution. Any payment pursuant to the preceding payment will
be a payment for the account of the person entitled to it, and a complete
discharge of the Company, the Committee, their delegates and the Plan from any
liability for the payment.

10.  Indemnification.  The Company and each Affiliate will indemnify and hold
     ---------------
harmless each member of the Committee, or any employee of the Company or any
Affiliate (to the extent not indemnified or saved harmless under any liability
insurance or any other indemnification arrangement) from any and all claims,
losses, liabilities, costs and expenses (including attorneys' fees) arising out
of any actual or alleged act or failure to act made in good faith pursuant to
the provisions of the Plan or the trust, including expenses reasonably incurred
in the defense of any claim regarding the administration of the Plan or the
trust.  Notwithstanding the foregoing, no indemnification or defense will be
provided under this Plan or trust to any person, regarding any conduct that has
been judicially determined, or agreed by the parties, either to have constituted
willful misconduct by that person, or to have resulted in his or her receipt of
personal profit or advantage to which he or she was not entitled.

11.  Limitations on Liability.  Notwithstanding any of the preceding provisions
     ------------------------
of this Plan, neither the Company, the Committee nor any individual acting as an
employee or agent of the Company will be liable to any Participant, former
Participant or other person for any claim, loss, liability or expense incurred
in connection with the Plan, other than claims for benefits payable under any
Agreement.

12.  Unclaimed Benefit.  If all or any portion of a distribution payable to a
     -----------------
Participant remains unpaid five years after it became payable because the
Committee was unable to locate the Participant, after sending a registered
letter, return receipt requested, to the last known address of the Participant,
then the amount payable to the Participant will become a forfeiture, and will be
retained by the Company as part of its general assets.

     IN WITNESS WHEREOF, the Company has caused this Plan to be executed in its
name and behalf on this 1st day of May, 2001.

                                        FMC CORPORATION

                                        By: Michael W. Murray
                                            ----------------------------------

                                        Its: Vice President - Human Resources
                                             ---------------------------------

                                      -6-

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