Document:

Exhibit 10.2

 Exhibit 10.2 
 Your plan is an important legal document. This sample plan has been prepared based on our understanding of the desired provisions. It may not fit your situation. You should consult with your lawyer on the plan’s legal and tax
implications. Neither Principal Life Insurance Company nor its agents can be responsible for the legal or tax aspects of the plan nor its appropriateness for your situation. If you wish to change the provisions of this sample plan, you may ask us to
prepare new sample wording for you and your lawyer to review. 

 E*TRADE 401(k) PLAN 
 401(k) Plan CL2005 
 Restated December 15, 2006 

 TABLE OF CONTENTS 
  

							
	 INTRODUCTION
	 		    		    	5
				
	 ARTICLE I
	 		    	 FORMAT AND DEFINITIONS
	    	6
				
	 Section 1.01
	 	—	    	 Format
	    	6
	 Section 1.02
	 	—	    	 Definitions
	    	6
				
	 ARTICLE II
	 		    	 PARTICIPATION
	    	23
				
	 Section 2.01
	 	—	    	 Active Participant
	    	23
	 Section 2.02
	 	—	    	 Inactive Participant
	    	24
	 Section 2.03
	 	—	    	 Cessation of Participation
	    	24
				
	 ARTICLE III
	 		    	 CONTRIBUTIONS
	    	25
				
	 Section 3.01
	 	—	    	 Employer Contributions
	    	25
	 Section 3.01A
	 	—	    	 Rollover Contributions
	    	27
	 Section 3.02
	 	—	    	 Forfeitures
	    	29
	 Section 3.03
	 	—	    	 Allocation
	    	30
	 Section 3.04
	 	—	    	 Contribution Limitation
	    	31
	 Section 3.05
	 	—	    	 Excess Amounts
	    	36
				
	 ARTICLE IV
	 		    	 INVESTMENT OF CONTRIBUTIONS
	    	47
				
	 Section 4.01
	 	—	    	 Investment and Timing of Contributions
	    	47
				
	 ARTICLE V
	 		    	 BENEFITS
	    	49
				
	 Section 5.01
	 	—	    	 Retirement Benefits
	    	49
	 Section 5.02
	 	—	    	 Death Benefits
	    	49
	 Section 5.03
	 	—	    	 Vested Benefits
	    	49
	 Section 5.04
	 	—	    	 When Benefits Start
	    	49
	 Section 5.05
	 	—	    	 Withdrawal Benefits
	    	50
	 Section 5.06
	 	—	    	 Loans to Participants
	    	52
	 Section 5.07
	 	—	    	 Distributions Under Qualified Domestic Relations Orders
	    	55
				
	 ARTICLE VI
	 		    	 DISTRIBUTION OF BENEFITS
	    	57
				
	 Section 6.01
	 	—	    	 Automatic Forms of Distribution
	    	57
	 Section 6.02
	 	—	    	 Optional Forms of Distribution
	    	57
	 Section 6.03
	 	—	    	 Election Procedures
	    	57
	 Section 6.04
	 	—	    	 Notice Requirements
	    	59

  

					
	RESTATEMENT DECEMBER 15, 2006	 	3	 	TABLE OF CONTENTS (5-19047)

							
				
	 ARTICLE VII
	 		    	 REQUIRED MINIMUM DISTRIBUTIONS
	    	60
				
	 Section 7.01
	 	—	    	 Application
	    	60
	 Section 7.02
	 	—	    	 Definitions
	    	60
	 Section 7.03
	 	—	    	 Required Minimum Distributions
	    	61
				
	 ARTICLE VIII
	 		    	 TERMINATION OF THE PLAN
	    	65
				
	 ARTICLE IX
	 		    	 ADMINISTRATION OF THE PLAN
	    	66
				
	 Section 9.01
	 	—	    	 Administration
	    	66
	 Section 9.02
	 	—	    	 Expenses
	    	66
	 Section 9.03
	 	—	    	 Records
	    	66
	 Section 9.04
	 	—	    	 Information Available
	    	67
	 Section 9.05
	 	—	    	 Claim Procedures
	    	67
	 Section 9.06
	 	—	    	 Delegation of Authority
	    	70
	 Section 9.07
	 	—	    	 Exercise of Discretionary Authority
	    	71
	 Section 9.08
	 	—	    	 Transaction Processing
	    	71
	 Section 9.09
	 	—	    	 Voting and Tender of Self-Directed Brokerage Accounts
	    	71
				
	 ARTICLE X
	 		    	 GENERAL PROVISIONS
	    	72
				
	 Section 10.01
	 	—	    	 Amendments
	    	72
	 Section 10.02
	 	—	    	 Direct Rollovers
	    	73
	 Section 10.03
	 	—	    	 Mergers and Direct Transfers
	    	73
	 Section 10.04
	 	—	    	 Provisions Relating to the Insurer and Other Parties
	    	75
	 Section 10.05
	 	—	    	 Employment Status
	    	75
	 Section 10.06
	 	—	    	 Rights to Plan Assets
	    	75
	 Section 10.07
	 	—	    	 Beneficiary
	    	75
	 Section 10.08
	 	—	    	 Nonalienation of Benefits
	    	76
	 Section 10.09
	 	—	    	 Construction
	    	76
	 Section 10.10
	 	—	    	 Legal Actions
	    	76
	 Section 10.11
	 	—	    	 Small Amounts
	    	77
	 Section 10.12
	 	—	    	 Word Usage
	    	77
	 Section 10.13
	 	—	    	 Change in Service Method
	    	77
	 Section 10.14
	 	—	    	 Military Service
	    	79
				
	 ARTICLE XI
	 		    	 TOP-HEAVY PLAN REQUIREMENTS
	    	80
				
	 Section 11.01
	 	—	    	 Application
	    	80
	 Section 11.02
	 	—	    	 Definitions
	    	80
	 Section 11.03
	 	—	    	 Modification of Vesting Requirements
	    	83
	 Section 11.04
	 	—	    	 Modification of Contributions
	    	83
		
	 PLAN EXECUTION
	    	

  

					
	RESTATEMENT DECEMBER 15, 2006	 	4	 	TABLE OF CONTENTS (5-19047)

 INTRODUCTION 
 The Primary Employer previously established a 401(k) savings plan on January 1, 2003. 
 The Primary
Employer is of the opinion that the plan should be changed. It believes that the best means to accomplish these changes is to completely restate the plan’s terms, provisions and conditions. The restatement, effective December 15, 2006, is
set forth in this document and is substituted in lieu of the prior document with the exception of any good faith compliance amendment and any model amendment. Such amendment(s) shall continue to apply to this restated plan until such provisions are
integrated into the plan or such amendment(s) are superseded by another amendment. 
 The restated plan continues to be for the exclusive
benefit of employees of the Employer. All persons covered under the plan on December 14, 2006, shall continue to be covered under the restated plan with no loss of benefits. 
 It is intended that the plan, as restated, shall qualify as a profit sharing plan under the Internal Revenue Code of 1986, including any later amendments
to the Code. 
 This plan includes changes made to reflect the statutory, regulatory, and guidance changes specified in the 2005 Cumulative
List of Changes in Plan Qualification Requirements (2005 Cumulative List) contained in Internal Revenue Service Notice 2005-101 and the qualification requirements and guidance published before the issuance of such list. The provisions of this plan
apply as of the effective date of the restatement unless otherwise specified. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	5	 	INTRODUCTION (5-19047)

 ARTICLE I 
 FORMAT AND DEFINITIONS 
 SECTION 1.01—FORMAT. 
 Words and phrases defined in the DEFINITIONS SECTION of Article I shall have that defined meaning when used in this Plan, unless the context clearly
indicates otherwise. 
 These words and phrases have an initial capital letter to aid in identifying them as defined terms. 
 SECTION 1.02—DEFINITIONS. 
 Account means,
for a Participant, his share of the Plan Fund. Separate accounting records are kept for those parts of his Account that result from: 
  

	 	(a)	Pre-tax Elective Deferral Contributions 

  

	 	(b)	Roth Elective Deferral Contributions 

  

	 	(c)	Matching Contributions 

  

	 	(d)	Qualified Nonelective Contributions 

  

	 	(e)	Other Employer Contributions 

  

	 	(f)	Rollover Contributions 

 A Participant’s Account shall
be reduced by any distribution of his Vested Account and by any Forfeitures. A Participant’s Account shall participate in the earnings credited, expenses charged, and any appreciation or depreciation of the Investment Fund. His Account is
subject to any minimum guarantees applicable under the Annuity Contract or other investment arrangement and to any expenses associated therewith. 
 Accrual Computation Period means a consecutive 12-month period ending on the last day of each Plan Year, including corresponding consecutive 12-month periods before January 1, 2003. 
 ACP Test means the nondiscrimination test described in Code Section 401(m)(2) as provided for in subparagraph (d) of the EXCESS AMOUNTS
SECTION of Article III. 
 Active Participant means an Eligible Employee who is actively participating in the Plan according to the
provisions in the ACTIVE PARTICIPANT SECTION of Article II. 
 ADP Test means the nondiscrimination test described in Code
Section 401(k)(3) as provided for in subparagraph (c) of the EXCESS AMOUNTS SECTION of Article III. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	6	 	ARTICLE I (5-19047)

 Affiliated Service Group means any group of corporations, partnerships or other organizations of
which the Employer is a part and which is affiliated within the meaning of Code Section 414(m) and the regulations thereunder. Such a group includes at least two organizations one of which is either a service organization (that is, an
organization the principal business of which is performing services), or an organization the principal business of which is performing management functions on a regular and continuing basis. Such service is of a type historically performed by
employees. In the case of a management organization, the Affiliated Service Group shall include organizations related, within the meaning of Code Section 144(a)(3), to either the management organization or the organization for which it performs
management functions. The term Controlled Group, as it is used in this Plan, shall include the term Affiliated Service Group. 
 Alternate
Payee means any spouse, former spouse, child, or other dependent of a Participant who is recognized by a qualified domestic relations order as having a right to receive all, or a portion of, the benefits payable under the Plan with respect to
such Participant. 
 Annual Compensation means, for a Plan Year, the Employee’s Compensation for the Compensation Year ending with
or within the consecutive 12-month period ending on the last day of the Plan Year. 
 Annual Compensation shall only include Compensation
received while an Active Participant. 
 Annuity Contract means the annuity contract or contracts into which the Trustee or the Primary
Employer enters with the Insurer for guaranteed benefits, for the investment of Contributions in separate accounts, and for the payment of benefits under this Plan. 
 Annuity Starting Date means, for a Participant, the first day of the first period for which an amount is payable as an annuity or any other form. 
 Beneficiary means the person or persons named by a Participant to receive any benefits under the Plan when the Participant dies. See the
BENEFICIARY SECTION of Article X. 
 Catch-up Contributions means Elective Deferral Contributions made to the Plan that are in excess
of an otherwise applicable Plan limit and that are made by Participants who are age 50 or older by the end of the taxable year. An otherwise applicable Plan limit is a limit in the Plan that applies to Elective Deferral Contributions without regard
to Catch-up Contributions, such as the limits on the Maximum Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of Article III, the dollar limitation on Elective Deferral Contributions under Code Section 402(g) (not counting
Catch-up Contributions), and the limit imposed by the ADP Test. 
 Catch-up Contributions are not subject to the limits on the Maximum Annual
Additions, as defined in the CONTRIBUTION LIMITATION SECTION of Article III, are not counted in the ADP Test, and are not counted in determining the minimum allocation under Code Section 416 (but Catch-up Contributions made in prior years are
counted in determining whether the Plan is top-heavy). 
 Claimant means any person who makes a claim for benefits under this Plan. See
the CLAIM PROCEDURES SECTION of Article IX. 
 Code means the Internal Revenue Code of 1986, as amended. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	7	 	ARTICLE I (5-19047)

 Compensation means, except for purposes of the CONTRIBUTION LIMITATION SECTION of Article III and
Article XI, the total earnings, except as modified in this definition, paid or made available to an Employee by the Employer during any specified period. 
 “Earnings” in this definition means wages, salaries, and fees for professional services and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually
rendered in the course of employment with the Employer maintaining the plan to the extent that the amounts are includible in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a
percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in section 1.62-2(c) of the regulations)), and excluding the
following: 
  

	 	(a)	employer contributions to a plan of deferred compensation which are not included in the Employee’s gross income for the taxable year in which contributed, or employer
contributions under a simplified employee pension plan, or any distributions from a plan of deferred compensation; 

  

	 	(b)	amounts realized from the exercise of a nonqualified stock option, or when restricted stock (or property) held by the Employee either becomes freely transferable or is no longer
subject to a substantial risk of forfeiture; 

  

	 	(c)	amounts realized from the sale, exchange or other disposition of stock acquired under a qualified stock option; and 

  

	 	(d)	other amounts which receive special tax benefits, or contributions made by the Employer (whether or not under a salary reduction agreement) towards the purchase of an annuity
contract described in Code Section 403(b) (whether or not the contributions are actually excludible from the gross income of the Employee). 

 For any Self-employed Individual, Compensation means Earned Income. 
 Compensation shall include any elective
deferral (as defined in Code Section 402(g)(3)), and any amount which is contributed or deferred by the Employer at the election of the Employee and which is not includible in the gross income of the Employee by reason of Code Section 125,
132(f)(4), or 457. Compensation shall also include employee contributions “picked up” by a governmental entity and, pursuant to Code Section 414(h)(2), treated as Employer contributions. 
 For Plan Years beginning on and after January 1, 2005, payments made within 2 1/2 months after Severance from Employment will be Compensation if they
are payments that, absent a Severance from Employment, would have been paid to the Employee while the Employee continued in employment with the Employer and are regular compensation for services during the Employee’s regular working hours,
compensation for services outside the Employee’s regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar compensation, and payments for accrued bona fide sick, vacation, or other leave, but only if
the Employee would have been able to use the leave if employment had continued. Any payments not described above are not considered compensation if paid after Severance from Employment, even if they are paid within 2 1/2 months following Severance
from Employment, except for payments to an individual who does not currently perform services for the Employer by reason of qualified military service (within the meaning of Code Section 414(u)(1)) to the 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	8	 	ARTICLE I (5-19047)

 
extent these payments do not exceed the amounts the individual would have received if the individual had continued to perform services for the Employer
rather than entering qualified military service. 
 For purposes of the EXCESS AMOUNTS SECTION of Article III, the Employer may elect to use
an alternative nondiscriminatory definition of Compensation in accordance with the regulations under Code Section 414(s). 
 For Plan
Years beginning on or after January 1, 2002, the annual Compensation of each Participant taken into account in determining contributions and allocations shall not exceed $200,000, as adjusted for cost-of-living increases in accordance with Code
Section 401(a)(17)(B). The cost-of-living adjustment in effect for a calendar year applies to any determination period beginning in such calendar year. 
 If a determination period consists of fewer than 12 months, the annual compensation limit is an amount equal to the otherwise applicable annual compensation limit multiplied by a fraction. The numerator of the
fraction is the number of months in the short determination period, and the denominator of the fraction is 12. 
 If Compensation for any
prior determination period is taken into account in determining a Participant’s contributions or allocations for the current Plan Year, the Compensation for such prior determination period is subject to the applicable annual compensation limit
in effect for that determination period. For this purpose, in determining contributions and allocations in Plan Years beginning on or after January 1, 2002, the annual compensation limit in effect for determination periods beginning before that
date is $200,000. 
 Compensation means, for a Leased Employee, Compensation for the services the Leased Employee performs for the Employer,
determined in the same manner as the Compensation of Employees who are not Leased Employees, regardless of whether such Compensation is received directly from the Employer or from the leasing organization. 
 Compensation Year means the consecutive 12-month period ending on the last day of each Plan Year, including corresponding periods before
January 1, 2003. 
 Contributions means 
 Elective Deferral Contributions 
 Matching Contributions 
 Qualified Nonelective Contributions 
 Discretionary Contributions 
 Rollover Contributions 
 as set out in Article III, unless the context clearly indicates only specific contributions are meant. 
 Controlled Group means any group of corporations, trades, or businesses of which the Employer is a part that is under common control. A Controlled Group includes any group of corporations, trades, or businesses, whether or not
incorporated, which is either a parent-subsidiary group, a brother-sister group, or a combined group within the meaning of Code Section 414(b), Code Section 414(c) and the regulations thereunder and, for purposes of determining
contribution limitations under the 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	9	 	ARTICLE I (5-19047)

 
CONTRIBUTION LIMITATION SECTION of Article III, as modified by Code Section 415(h). The term Controlled Group, as it is used in this Plan, shall include
the term Affiliated Service Group and any other employer required to be aggregated with the Employer under Code Section 414(o) and the regulations thereunder. 
 Direct Rollover means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. 
 Discretionary Contributions means discretionary contributions made by the Employer to fund this Plan. See the EMPLOYER CONTRIBUTIONS SECTION of Article III. 
 Distributee means an Employee or former Employee. In addition, the Employee’s (or former Employee’s) surviving spouse and the
Employee’s (or former Employee’s) spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p), are Distributees with regard to the interest of the spouse or former
spouse. 
 Earned Income means, for a Self-employed Individual, net earnings from self-employment in the trade or business for which
this Plan is established if such Self-employed Individual’s personal services are a material income producing factor for that trade or business. Net earnings shall be determined without regard to items not included in gross income and the
deductions properly allocable to or chargeable against such items. Net earnings shall be reduced for the employer contributions to the Employer’s qualified retirement plan(s) to the extent deductible under Code Section 404. 
 Net earnings shall be determined with regard to the deduction allowed to the Employer by Code Section 164(f) for taxable years beginning after
December 31, 1989. 
 Elective Deferral Contributions means contributions made by the Employer to fund this Plan in accordance
with elective deferral agreements between Eligible Employees and the Employer. 
 Elective deferral agreements shall be made, changed, or
terminated according to the provisions of the EMPLOYER CONTRIBUTIONS SECTION of Article III. 
 Elective Deferral Contributions shall be 100%
vested and subject to the distribution restrictions of Code Section 401(k) when made. See the WHEN BENEFITS START SECTION of Article V. 
 Elective Deferral Contributions means Pre-tax Elective Deferral Contributions and on and after January 1, 2007, Roth Elective Deferral Contributions, unless the context clearly indicates only one is meant. 
 Eligibility Break in Service means an Eligibility Computation Period in which an Employee is credited with 500 or fewer Hours of Service. An
Employee incurs an Eligibility Break in Service on the last day of an Eligibility Computation Period in which he has an Eligibility Break in Service. 
 Eligibility Computation Period means a consecutive 12-month period. The first Eligibility Computation Period begins on an Employee’s Employment Commencement Date. Later Eligibility Computation Periods
shall be consecutive 12-month periods ending on the last day of each Plan Year that begins after his Employment Commencement Date. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	10	 	ARTICLE I (5-19047)

 To determine an Eligibility Computation Period after an Eligibility Break in Service, the Plan shall use
the consecutive 12-month period beginning on an Employee’s Reemployment Commencement Date as if his Reemployment Commencement Date were his Employment Commencement Date. 
 Eligibility Service means, for purposes of a Part Time Employee, one year of service for each Eligibility Computation Period that has ended and in
which a Part Time Employee is credited with at least 1,000 Hours of Service. 
 Eligible Employee means any Employee of the Employer
excluding the following: 
 Bargaining class. Represented for collective bargaining purposes by any collective bargaining agreement between
the Employer and employee representatives, if retirement benefits were the subject of good faith bargaining and if two percent or less of the Employees who are covered pursuant to that agreement are professionals as defined in section 1.410(b)-9 of
the regulations. For this purpose, the term “employee representatives” does not include any organization more than half of whose members are Employees who are owners, officers, or executives of the Employer. 
 Nonresident alien, within the meaning of Code Section 7701(b)(1)(B), who receives no earned income, within the meaning of Code
Section 911(d)(2), from the Employer that constitutes income from sources within the United States, within the meaning of Code Section 861(a)(3), or who receives such earned income but it is all exempt from income tax in the United States
under the terms of an income tax convention. 
 Leased Employees. 
 Eligible Retirement Plan means an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or
any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, an individual retirement account described in Code Section 408(a), an
individual retirement annuity described in Code Section 408(b), an annuity plan described in Code Section 403(a), an annuity contract described in Code Section 403(b), or a qualified plan described in Code Section 401(a), that
accepts the Distributee’s Eligible Rollover Distribution. The definition of Eligible Retirement Plan shall also apply in the case of a distribution to a surviving spouse, or to a spouse or former spouse who is the Alternate Payee under a
qualified domestic relations order, as defined in Code Section 414(p). 
 If any portion of an Eligible Rollover Distribution is
attributable to payments or distributions from a designated Roth account, an Eligible Retirement Plan with respect to such portion shall include only another designated Roth account of the individual from whose Account the payments or distributions
were made under an annuity plan described in Code Section 403(a) or a qualified plan described in Code Section 401(a), or a Roth IRA described in Code Section 408A of such individual. 
 Eligible Rollover Distribution means any distribution of all or any portion of the balance to the credit of the Distributee, except that an
Eligible Rollover Distribution does not include: (i) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint
lives (or joint life expectancies) of the Distributee and the Distributee’s designated Beneficiary, or for a specified period of ten years or more; (ii) any distribution to the extent such distribution is required under Code
Section 401(a)(9); (iii) any hardship 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	11	 	ARTICLE I (5-19047)

 
distribution; (iv) the portion of any other distribution(s) that is not includible in gross income (determined without regard to the exclusion for net
unrealized appreciation with respect to employer securities); and (v) any other distribution(s) that is reasonably expected to total less than $200 during a year. 
 A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions that are not includible in gross income. However, such portion
may be transferred only to an individual retirement account or individual retirement annuity described in Code Section 408(a) or (b), or to a qualified defined contribution plan described in Code Section 401(a) or 403(a) that agrees to
separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such distribution which is not so includible. 
 A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of the portion of a designated Roth
account that is not includible in a Participant’s gross income. However, such portion may be transferred only to a Roth IRA described in Code Section 408A or to a designated Roth account under a qualified defined contribution plan
described in Code Section 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is includible in gross income and the portion of such
distribution which is not so includible. 
 If the distribution includes any portion of a designated Roth account, in determining if
(v) above applies: (i) any portion of the distribution from the designated Roth account shall not be treated as an Eligible Rollover Distribution if it is reasonably expected to total less than $200 during a year and (ii) the balance
of the distribution, if any, shall not be treated as an Eligible Rollover Distribution if it is reasonably expected to total less than $200 during a year. However, all Eligible Rollover Distributions are combined in determining a mandatory
distribution of an Eligible Rollover Distribution greater than $1,000 in the DIRECT ROLLOVERS SECTION of Article X. 
 Employee means
an individual who is employed by the Employer or any other employer required to be aggregated with the Employer under Code Sections 414(b), (c), (m), or (o). A Controlled Group member is required to be aggregated with the Employer. 
 The term Employee shall include any Self-employed Individual treated as an employee of any employer described in the preceding paragraph as provided in
Code Section 401(c)(1). The term Employee shall also include any Leased Employee deemed to be an employee of any employer described in the preceding paragraph as provided in Code Section 414(n) or (o). 
 Employer means, except for purposes of the CONTRIBUTION LIMITATION SECTION of Article III, the Primary Employer. This will also include any
successor corporation or firm of the Employer which shall, by written agreement, assume the obligations of this Plan or any Predecessor Employer that maintained this Plan. 
 Employer Contributions means 
 Elective Deferral Contributions 
 Matching Contributions 
 Qualified Nonelective
Contributions 
 Discretionary Contributions 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	12	 	ARTICLE I (5-19047)

 as set out in Article III and contributions made by the Employer to fund this Plan in accordance with the
provisions of the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI, unless the context clearly indicates only specific contributions are meant. 
 Employment Commencement Date means the date an Employee first performs an Hour of Service. 
 Entry Date means the date
an Employee first enters the Plan as an Active Participant. See the ACTIVE PARTICIPANT SECTION of Article II. 
 ERISA means the
Employee Retirement Income Security Act of 1974, as amended. 
 Fiscal Year means the Primary Employer’s taxable year. The last
day of the Fiscal Year is December 31. 
 Forfeiture means the part, if any, of a Participant’s Account that is forfeited.
See the FORFEITURES SECTION of Article III. 
 Forfeiture Date means, as to a Participant, the last day of five consecutive one-year
Periods of Severance. 
 Highly Compensated Employee means any Employee who: 
  

	 	(a)	was a 5-percent owner at any time during the year or the preceding year, or 

  

	 	(b)	for the preceding year had compensation from the Employer in excess of $80,000 and, if the Employer so elects, was in the top-paid group for the preceding year. The $80,000 amount
is adjusted at the same time and in the same manner as under Code Section 415(d), except that the base period is the calendar quarter ending September 30, 1996. 

 For this purpose the applicable year of the plan for which a determination is being made is called a determination year and the preceding 12-month period
is called a look-back year. If the Employer makes a calendar year data election, the look-back year shall be the calendar year beginning with or within the look-back year. The Plan may not use such election to determine whether Employees are Highly
Compensated Employees on account of being a 5-percent owner. 
 In determining who is a Highly Compensated Employee, the Employer makes a
top-paid group election. The effect of this election is that an Employee (who is not a 5-percent owner at any time during the determination year or the look-back year) with compensation in excess of $80,000 (as adjusted) for the look-back year is a
Highly Compensated Employee only if the Employee was in the top-paid group for the look-back year. In determining who is a Highly Compensated Employee, the Employer does not make a calendar year data election. 
 Calendar year data elections and top-paid group elections, once made, apply for all subsequent years unless changed by the Employer. If the Employer makes
one election, the Employer is not required to make the other. If both elections are made, the look-back year in determining the top-paid group must be the calendar year beginning with or within the look-back year. These elections must apply
consistently to the determination years of all plans maintained by the Employer which reference the 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	13	 	ARTICLE I (5-19047)

 
highly compensated employee definition in Code Section 414(q), except as provided in Internal Revenue Service Notice 97-45 (or superseding guidance).

 The determination of who is a highly compensated former Employee is based on the rules applicable to determining Highly Compensated
Employee status as in effect for that determination year, in accordance with section 1.414(q)-1T, A-4 of the temporary Income Tax Regulations and Internal Revenue Service Notice 97-45. 
 The determination of who is a Highly Compensated Employee, including the determinations of the number and identity of Employees in the top-paid group, the
compensation that is considered, and the identity of the 5-percent owners, shall be made in accordance with Code Section 414(q) and the regulations thereunder. 
 Hour of Service means, for the elapsed time method of crediting service in this Plan, each hour for which an Employee is paid, or entitled to payment, for performing duties for the Employer. Hour of Service
means, for the hours method of crediting service in this Plan, the following: 
  

	 	(a)	Each hour for which an Employee is paid, or entitled to payment, for performing duties for the Employer during the applicable computation period. 

  

	 	(b)	Each hour for which an Employee is paid, or entitled to payment, by the Employer on account of a period of time in which no duties are performed (irrespective of whether the
employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence. Notwithstanding the preceding provisions of this subparagraph (b), no credit will be
given to the Employee: 

  

	 	(1)	for more than 501 Hours of Service under this subparagraph (b) on account of any single continuous period in which the Employee performs no duties (whether or not such period
occurs in a single computation period); or 

  

	 	(2)	for an Hour of Service for which the Employee is directly or indirectly paid, or entitled to payment, on account of a period in which no duties are performed if such payment is made
or due under a plan maintained solely for the purpose of complying with applicable worker’s or workmen’s compensation, or unemployment compensation, or disability insurance laws; or 

  

	 	(3)	for an Hour of Service for a payment which solely reimburses the Employee for medical or medically related expenses incurred by him. 

 For purposes of this subparagraph (b), a payment shall be deemed to be made by, or due from the Employer, regardless of whether such payment is made by,
or due from the Employer, directly or indirectly through, among others, a trust fund or insurer, to which the Employer contributes or pays premiums and regardless of whether contributions made or due to the trust fund, insurer or other entity are
for the benefit of particular employees or are on behalf of a group of employees in the aggregate. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	14	 	ARTICLE I (5-19047)

	 	(c)	Each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Employer. The same Hours of Service shall not be credited both under
subparagraph (a) or subparagraph (b) above (as the case may be) and under this subparagraph (c). Crediting of Hours of Service for back pay awarded or agreed to with respect to periods described in subparagraph (b) above will be
subject to the limitations set forth in that subparagraph. 

 The crediting of Hours of Service above shall be applied under the
rules of paragraphs (b) and (c) of the Department of Labor Regulation 2530.200b-2 (including any interpretations or opinions implementing such rules); which rules, by this reference, are specifically incorporated in full within this Plan.
The reference to paragraph (b) applies to the special rule for determining hours of service for reasons other than the performance of duties such as payments calculated (or not calculated) on the basis of units of time and the rule against
double credit. The reference to paragraph (c) applies to the crediting of hours of service to computation periods. 
 Hours of Service
shall be credited for employment with any other employer required to be aggregated with the Employer under Code Sections 414(b), (c), (m), or (o) and the regulations thereunder for purposes of eligibility and vesting. Hours of Service shall
also be credited for any individual who is considered an employee for purposes of this Plan pursuant to Code Section 414(n) or (o) and the regulations thereunder. 
 Solely for purposes of determining whether a one-year break in service has occurred for eligibility or vesting purposes, during a Parental Absence an
Employee shall be credited with the Hours of Service which would otherwise have been credited to the Employee but for such absence, or in any case in which such hours cannot be determined, eight Hours of Service per day of such absence. The Hours of
Service credited under this paragraph shall be credited in the computation period in which the absence begins if the crediting is necessary to prevent a break in service in that period; or in all other cases, in the following computation period.

 Inactive Participant means a former Active Participant who has an Account. See the INACTIVE PARTICIPANT SECTION of Article II.

 Insurer means Principal Life Insurance Company or the insurance company or companies named by (i) the Primary Employer or
(ii) the Trustee in its discretion or as directed under the Trust Agreement. 
 Investment Fund means the total of Plan assets,
excluding the guaranteed benefit policy portion of any Annuity Contract. All or a portion of these assets may be held under, or invested pursuant to, the terms of a Trust Agreement. 
 The Investment Fund shall be valued at current fair market value as of the Valuation Date. The valuation shall take into consideration investment earnings
credited, expenses charged, payments made, and changes in the values of the assets held in the Investment Fund. 
 The Investment Fund shall
be allocated at all times to Participants, except as otherwise expressly provided in the Plan. The Account of a Participant shall be credited with its share of the gains and losses of the Investment Fund. That part of a Participant’s Account
invested in a funding arrangement that establishes one or more accounts or investment vehicles for such Participant thereunder shall be credited with the gain or loss from such accounts or investment vehicles. The part of a Participant’s

  

					
	RESTATEMENT DECEMBER 15, 2006	 	15	 	ARTICLE I (5-19047)

 
Account that is invested in other funding arrangements shall be credited with a proportionate share of the gain or loss of such investments. The share shall
be determined by multiplying the gain or loss of the investment by the ratio of the part of the Participant’s Account invested in such funding arrangement to the total of the Investment Fund invested in such funding arrangement. 
 Investment Manager means any fiduciary (other than a trustee or Named Fiduciary) 
  

	 	(a)	who has the power to manage, acquire, or dispose of any assets of the Plan; 

  

	 	(b)	who (i) is registered as an investment adviser under the Investment Advisers Act of 1940; (ii) is not registered as an investment adviser under such Act by reason of
paragraph (1) of section 203A(a) of such Act, is registered as an investment adviser under the laws of the state (referred to in such paragraph (1)) in which it maintains its principal office and place of business, and, at the time it last
filed the registration form most recently filed by it with such state in order to maintain its registration under the laws of such state, also filed a copy of such form with the Secretary of Labor; (iii) is a bank, as defined in that Act; or
(iv) is an insurance company qualified to perform services described in subparagraph (a) above under the laws of more than one state; and 

  

	 	(c)	who has acknowledged in writing being a fiduciary with respect to the Plan. 

 Late Retirement Date means the first day of any month that is after a Participant’s Normal Retirement Date and on which retirement benefits begin. If a Participant continues to work for the Employer after
his Normal Retirement Date, his Late Retirement Date shall be the earliest first day of the month on or after the date he has a Severance from Employment. An earlier Retirement Date may apply if the Participant so elects. A later Retirement Date may
apply if the Participant so elects. See the WHEN BENEFITS START SECTION of Article V. 
 Leased Employee means any person (other than
an employee of the recipient) who, pursuant to an agreement between the recipient and any other person (“leasing organization”), has performed services for the recipient (or for the recipient and related persons determined in accordance
with Code Section 414(n)(6)) on a substantially full time basis for a period of at least one year, and such services are performed under primary direction or control by the recipient. Contributions or benefits provided by the leasing
organization to a Leased Employee, which are attributable to service performed for the recipient employer, shall be treated as provided by the recipient employer. 
 A Leased Employee shall not be considered an employee of the recipient if: 
  

	 	(a)	such employee is covered by a money purchase pension plan providing (i) a nonintegrated employer contribution rate of at least 10 percent of compensation, as defined in Code
Section 415(c)(3), (ii) immediate participation, and (iii) full and immediate vesting, and 

  

	 	(b)	Leased Employees do not constitute more than 20 percent of the recipient’s nonhighly compensated work force. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	16	 	ARTICLE I (5-19047)

 Loan Administrator means the person(s) or position(s) authorized to administer the Participant
loan program. 
 The Loan Administrator is Senior Manager, Benefits. 
 Matching Contributions means contributions made by the Employer to fund this Plan that are contingent on a Participant’s Elective Deferral
Contributions. See the EMPLOYER CONTRIBUTIONS SECTION of Article III. 
 Monthly Date means each Yearly Date and the same day of each
following month during the Plan Year beginning on such Yearly Date. 
 Named Fiduciary means the person or persons who have authority
to control and manage the operation and administration of the Plan. 
 The Named Fiduciary is the Employer. 
 Nonhighly Compensated Employee means an Employee of the Employer who is not a Highly Compensated Employee. 
 Nonvested Account means the excess, if any, of a Participant’s Account over his Vested Account. 
 Normal Retirement Age means the age at which the Participant’s normal retirement
benefit becomes nonforfeitable if he is an Employee. A Participant’s Normal Retirement Age is 59  1/2. 
 Normal Retirement Date means the earliest first day of the month on or after the date the Participant reaches his Normal Retirement Age. Unless
otherwise provided in this Plan, a Participant’s retirement benefits shall begin on a Participant’s Normal Retirement Date if he has had a Severance from Employment on such date and has a Vested Account. However, retirement benefits shall
not begin before the later of age 62 or his Normal Retirement Age, unless the qualified election procedures of the ELECTION PROCEDURES SECTION of Article VI are met. Even if the Participant is an Employee on his Normal Retirement Date, he may choose
to have his retirement benefit begin on such date. 
 Owner-employee means a Self-employed Individual who, in the case of a sole
proprietorship, owns the entire interest in the unincorporated trade or business for which this Plan is established. If this Plan is established for a partnership, an Owner-employee means a Self-employed Individual who owns more than 10 percent of
either the capital interest or profits interest in such partnership. 
 Parental Absence means an Employee’s absence from work:

  

	 	(a)	by reason of pregnancy of the Employee, 

  

	 	(b)	by reason of birth of a child of the Employee, 

  

	 	(c)	by reason of the placement of a child with the Employee in connection with adoption of such child by such Employee, or 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	17	 	ARTICLE I (5-19047)

	 	(d)	for purposes of caring for such child for a period beginning immediately following such birth or placement. 

 Part Time Employee means an Employee who is normally expected to work less than 1000 hours during a Plan Year. 
 Participant means either an Active Participant or an Inactive Participant. 
 Period of Military Duty means, for an Employee 
  

	 	(a)	who served as a member of the armed forces of the United States, and 

  

	 	(b)	who was reemployed by the Employer at a time when the Employee had a right to reemployment in accordance with seniority rights as protected under Chapter 43 of Title 38 of the U.S.
Code, 

 the period of time from the date the Employee was first absent from active work for the Employer because of such
military duty to the date the Employee was reemployed. 
 Period of Service means a period of time beginning on an Employee’s
Employment Commencement Date or Reemployment Commencement Date (whichever applies) and ending on his Severance Date. 
 Period of
Severance means a period of time beginning on an Employee’s Severance Date and ending on the date he again performs an Hour of Service. 
 A one-year Period of Severance means a Period of Severance of 12 consecutive months. 
 Solely for purposes of determining whether a
one-year Period of Severance has occurred for eligibility or vesting purposes, the consecutive 12-month period beginning on the first anniversary of the first date of a Parental Absence shall not be a one-year Period of Severance. 
 Plan means the 401(k) savings plan of the Employer set forth in this document, including any later amendments to it. 
 Plan Administrator means the person or persons who administer the Plan. 
 The Plan Administrator is the Employer. 
 Plan Fund means the total of the Investment Fund and the guaranteed benefit policy portion of any Annuity Contract. The Investment Fund shall be valued as stated in its definition. The guaranteed benefit policy portion of any Annuity
Contract shall be determined in accordance with the terms of the Annuity Contract and, to the extent that such Annuity Contract allocates contract values to Participants, allocated to Participants in accordance with its terms. The total value of all
amounts held under the Plan Fund shall equal the value of the aggregate Participants’ Accounts under the Plan. 
 Plan Year means
a period beginning on a Yearly Date and ending on the day before the next Yearly Date. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	18	 	ARTICLE I (5-19047)

 Predecessor Employer means a firm of which the Employer was once a part (e.g., due to a spinoff or
change of corporate status) or a firm absorbed by the Employer because of a merger or acquisition (stock or asset, including a division or an operation of such company). 
 Pre-tax Elective Deferral Contributions means a Participant’s Elective Deferral Contributions that are not includible in the Participant’s gross income at the time deferred. 
 Primary Employer means E*TRADE Financial Corporation. 
 Qualified Nonelective Contributions means contributions made by the Employer to fund this Plan (other than Elective Deferral Contributions) that are 100% vested when made to the Plan and that are distributable
only in accordance with the distribution provisions (other than for hardships) applicable to Elective Deferral Contributions. See the EMPLOYER CONTRIBUTIONS SECTION of Article III and the WHEN BENEFITS START SECTION of Article V. 
 Reemployment Commencement Date means the date an Employee first performs an Hour of Service following 
  

	 	(a)	an Eligibility Break in Service, for the hours method of crediting service in this Plan, or 

  

	 	(b)	a Period of Severance, for the elapsed time method of crediting service in this Plan. 

 Reentry Date means the date a former Active Participant reenters the Plan. See the ACTIVE PARTICIPANT SECTION of Article II. 
 Retirement Date means the date a retirement benefit will begin and is a Participant’s Normal or Late Retirement Date, as the case may be. 
 Rollover Contributions means the Rollover Contributions which are made by an Eligible Employee or an Inactive Participant according to the
provisions of the ROLLOVER CONTRIBUTIONS SECTION of Article III. 
 Roth Elective Deferral Contributions means, on and after
January 1, 2007, a Participant’s Elective Deferral Contributions that are includible in the Participant’s gross income at the time deferred and have been irrevocably designated as Roth Elective Deferral Contributions by the
Participant in his elective deferral agreement. 
 Self-Directed Brokerage Account
means that portion of a Participant’s Account that is invested at the Participant’s direction in the Principal Self-Directed Brokerage AccountSM. 
 Self-employed Individual means, with respect to any Fiscal Year, an individual who has Earned Income for the Fiscal Year
(or who would have Earned Income but for the fact the trade or business for which this Plan is established did not have net profits for such Fiscal Year). 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	19	 	ARTICLE I (5-19047)

 Severance Date means the earlier of: 
  

	 	(a)	the date on which an Employee quits, retires, dies, or is discharged, or 

  

	 	(b)	the first anniversary of the date an Employee begins a one-year absence from service (with or without pay). This absence may be the result of any combination of vacation, holiday,
sickness, disability, leave of absence, or layoff. 

 Solely to determine whether a one-year Period of Severance has occurred
for eligibility or vesting purposes for an Employee who is absent from service beyond the first anniversary of the first day of a Parental Absence, Severance Date is the second anniversary of the first day of the Parental Absence. The period between
the first and second anniversaries of the first day of the Parental Absence is not a Period of Service and is not a Period of Severance. 
 Severance from Employment means an Employee has ceased to be an Employee of the Employer. The Plan Administrator shall determine if a Severance from Employment has occurred in accordance with section 1.401(k)-1(d)(2) of the
regulations. 
 Totally and Permanently Disabled means that a Participant meets the definition of disabled under the Employer’s
long-term disability plan. 
 Trust Agreement means an agreement or agreements of trust between the Primary Employer and Trustee
established for the purpose of holding and distributing the Trust Fund under the provisions of the Plan. The Trust Agreement may provide for the investment of all or any portion of the Trust Fund in the Annuity Contract or any other investment
arrangement. 
 Trust Fund means the total funds held under an applicable Trust Agreement. The term Trust Fund when used within a Trust
Agreement shall mean only the funds held under that Trust Agreement. 
 Trustee means the party or parties named in the applicable
Trust Agreement. 
 Valuation Date means the date on which the value of the assets of the Investment Fund is determined. The value of
each Account that is maintained under this Plan shall be determined on the Valuation Date. In each Plan Year, the Valuation Date shall be the last day of the Plan Year. At the discretion of the Plan Administrator, Trustee, or Insurer (whichever
applies), assets of the Investment Fund may be valued more frequently. These dates shall also be Valuation Dates. 
 Vested Account
means the vested part of a Participant’s Account. The Participant’s Vested Account is equal to that part of his Account which results from Contributions that were 100% vested when made before his Vesting Percentage is 100% and is equal to
his Account when his Vesting Percentage is 100%. 
 Vesting Percentage means the percentage used to determine the nonforfeitable
portion of a Participant’s Account attributable to Employer Contributions that were not 100% vested when made. 
 A Participant’s
Vesting Percentage is shown in the following schedule opposite the number of whole years of his Vesting Service. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	20	 	ARTICLE I (5-19047)

			
	 VESTING SERVICE
(whole years)
	  	VESTING
PERCENTAGE
	 Less than 3
	  	0
	 3 or more
	  	100

 For a Participant with at least one (1) year of Vesting Service but less than three
(3) years of Vesting Service as of January 1, 2004, all Employer Contributions made prior to that date will be 100% vested after one (1) year of Vesting Service. For any new Employer Contributions made on or after January 1,
2004, the schedule above applies. 
 The Vesting Percentage for a Participant who is an Employee on or after the date he reaches Normal
Retirement Age shall be 100%. The Vesting Percentage for a Participant who is an Employee on the date he dies shall be 100%. The Vesting Percentage for a Participant who is an Employee on the date he becomes disabled shall be 100% if such disability
is subsequently determined to meet the definition of Totally and Permanently Disabled. 
 If the schedule used to determine a
Participant’s Vesting Percentage is changed, the new schedule shall not apply to a Participant unless he is credited with an Hour of Service on or after the date of the change and the Participant’s nonforfeitable percentage on the day
before the date of the change is not reduced under this Plan. The amendment provisions of the AMENDMENTS SECTION of Article X regarding changes in the computation of the Vesting Percentage shall apply. 
 Vesting Service means an Employee’s Period of Service. An Employee’s Period of Service shall be measured from his Employment Commencement
Date to his most recent Severance Date. This Period of Service shall be reduced by any Period of Severance that occurred prior to his most recent Severance Date, unless such Period of Severance is included under the service spanning rule below. This
Period of Service shall be expressed as years and fractional parts of a year (to four decimal places) on the basis that 365 days equal one year. 
 However, Vesting Service is modified as follows: 
 Rule of parity service excluded: 
 An Employee’s Vesting Service, accumulated before a one-year Period of Severance, shall be excluded if: 
  

	 	(a)	his Vesting Percentage is zero, and 

  

	 	(b)	his latest period of consecutive one-year Periods of Severance equals or exceeds the greater of (i) five years, or (ii) his prior Vesting Service (disregarding any Vesting
Service that was excluded because of a previous period of one-year Periods of Severance). 

 Period of Military Duty included:

 A Period of Military Duty shall be included as service with the Employer to the extent it has not already been credited. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	21	 	ARTICLE I (5-19047)

 Period of Severance included (service spanning rule): 
 A Period of Severance shall be deemed to be a Period of Service under either of the following conditions: 
  

	 	(a)	the Period of Severance immediately follows a period during which an Employee is not absent from work and ends within 12 months; or 

  

	 	(b)	the Period of Severance immediately follows a period during which an Employee is absent from work for any reason other than quitting, being discharged, or retiring (such as a leave
of absence or layoff) and ends within 12 months of the date he was first absent. 

 Controlled Group service included:

 An Employee’s service with a member firm of a Controlled Group while both that firm and the Employer were members of the Controlled
Group shall be included as service with the Employer. 
 Yearly Date means January 1, 2003, and the same day of each following
year. 
 Years of Service means an Employee’s Vesting Service disregarding any modifications that exclude service. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	22	 	ARTICLE I (5-19047)

 ARTICLE II 
 PARTICIPATION 
 SECTION 2.01—ACTIVE PARTICIPANT. 
  

	 	(a)	An Employee, who is a Part Time Employee, shall first become an Active Participant (begin active participation in the Plan) on the earliest Monthly Date on which he is an Eligible
Employee and has met the eligibility requirement set forth below. This date is his Entry Date. 

  

	 	(1)	He has one year of Eligibility Service before his Entry Date. 

 An Employee, who is not a Part Time Employee, shall first become an Active Participant (begin active participation in the Plan) on the earliest date on which he is an Eligible Employee. This date is his Entry Date. 
 Each Employee who was an Active Participant on December 14, 2006, shall continue to be an Active Participant if he is still an Eligible Employee on
December 15, 2006, and his Entry Date shall not change. 
 If a person has been an Eligible Employee who has met all of the eligibility
requirements above, but is not an Eligible Employee on the date that would have been his Entry Date, he shall become an Active Participant on the date he again becomes an Eligible Employee. This date is his Entry Date. 
 In the event an Employee who is not an Eligible Employee becomes an Eligible Employee, such Eligible Employee shall become an Active Participant
immediately if such Eligible Employee has satisfied the eligibility requirements above and would have otherwise previously become an Active Participant had he met the definition of Eligible Employee. This date is his Entry Date. 
  

	 	(b)	An Inactive Participant shall again become an Active Participant (resume active participation in the Plan) on the date he again performs an Hour of Service as an Eligible Employee.
This date is his Reentry Date. 

 Upon again becoming an Active Participant, he shall cease to be an Inactive Participant.

  

	 	(c)	A former Participant shall again become an Active Participant (resume active participation in the Plan) on the date he again performs an Hour of Service as an Eligible Employee.
This date is his Reentry Date. 

 There shall be no duplication of benefits for a Participant under this Plan because of more
than one period as an Active Participant. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	23	 	ARTICLE II (5-19047)

 An Active Participant or an Eligible Employee may elect not to be an Active Participant. The election may
be for a specified or an indefinite period of time. The election shall be made by filing a written request with the Plan Administrator not to be an Active Participant. The Eligible Employee may at any time revoke such election and, 
  

	 	(a)	if he has met all of the other eligibility requirements under this section and his Entry Date has occurred, he shall become an Active Participant as of the date of revocation, or

  

	 	(b)	if he has met all of the other eligibility requirements under this section and his Entry Date has not occurred, he shall become an Active Participant as provided in this section, or

 if he has not met all of the other eligibility requirements under this section, he shall become an Active Participant as provided in this
section. 
 SECTION 2.02—INACTIVE PARTICIPANT. 
 An Active Participant shall become an Inactive Participant (stop accruing benefits under the Plan) on the earlier of the following: 
  

	 	(a)	the date the Participant ceases to be an Eligible Employee, or 

  

	 	(b)	the effective date of complete termination of the Plan under Article VIII. 

 An Employee or former Employee who was an Inactive Participant under the Plan on December 14, 2006, shall continue to be an Inactive Participant on December 15, 2006. Eligibility for any benefits payable to
the Participant or on his behalf and the amount of the benefits shall be determined according to the provisions of the prior document, unless otherwise stated in this document. 
 SECTION 2.03—CESSATION OF PARTICIPATION. 
 A Participant shall cease to be a Participant on the
date he is no longer an Eligible Employee and his Account is zero. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	24	 	ARTICLE II (5-19047)

 ARTICLE III 
 CONTRIBUTIONS 
 SECTION 3.01—EMPLOYER CONTRIBUTIONS. 
 Employer Contributions shall be made without regard to current or accumulated net income, earnings, or profits of the Employer. Notwithstanding the
foregoing, the Plan shall continue to be designed to qualify as a profit sharing plan for purposes of Code Sections 401(a), 402, 412, and 417. Such Contributions shall be equal to the Employer Contributions as described below: 
  

	 	(a)	The amount of each Elective Deferral Contribution for a Participant shall be equal to a portion of Compensation as specified in the elective deferral agreement. An Employee who is
eligible to participate in the Plan for purposes of Elective Deferral Contributions may file an elective deferral agreement with the Employer. The Participant shall modify or terminate the elective deferral agreement by filing a new elective
deferral agreement. The elective deferral agreement may not be made retroactively and shall remain in effect until modified or terminated. 

 The elective deferral agreement to start or modify Elective Deferral Contributions shall be effective as soon as administratively feasible following the date on which the Participant’s Entry Date (Reentry Date,
if applicable) or any following date occurs. The elective deferral agreement must be entered into on or before the date it is effective. 
 The elective deferral agreement to stop Elective Deferral Contributions may be entered into on any date. Such elective deferral agreement shall be effective as soon as administratively feasible following the date on which the elective
deferral agreement is entered into. 
 A Participant who is age 50 or older by the end of the taxable year shall be eligible to make Catch-up
Contributions. 
 On and after January 1, 2007, a Participant may elect to designate all or any portion of his future Elective Deferral
Contributions as Roth Elective Deferral Contributions. 
 The Plan provides for an automatic election to have Elective Deferral Contributions
made. The automatic Elective Deferral Contribution shall be Pre-tax Elective Deferral Contributions and shall be 3% of Compensation. The Participant may affirmatively elect a different percentage or elect not to make Elective Deferral Contributions,
and may elect to designate all or any portion, on and after January 1, 2007, of his Elective Deferral Contributions as Roth Elective Deferral Contributions. 
 Elective Deferral Contributions are 100% vested and nonforfeitable. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	25	 	ARTICLE III (5-19047)

	 	(b)	The Employer shall make Matching Contributions in an amount equal to 50% of Elective Deferral Contributions. Elective Deferral Contributions that are over 5% of Compensation
won’t be matched. 

 Matching Contributions are calculated based on Elective Deferral Contributions and Compensation for
the pay period. Matching Contributions are made for all persons who were Active Participants at any time during that pay period. 
 Matching
Contributions will not be made on any Catch-up Contributions made to the Plan. 
 Matching Contributions are subject to the Vesting
Percentage. 
  

	 	(c)	Qualified Nonelective Contributions may be made for each Plan Year in an amount determined by the Employer to be used to reduce Excess Aggregate Contributions and Excess
Contributions, as defined in the EXCESS AMOUNTS SECTION of this article. If the Plan is treated as separate plans because it is mandatorily disaggregated under the regulations of Code Section 401(k), a separate Qualified Nonelective
Contribution may be determined for each separate plan. 

 Qualified Nonelective Contributions are 100% vested and are
distributable only in accordance with the distribution provisions (other than for hardships) applicable to Elective Deferral Contributions. 
  

	 	(d)	Discretionary Contributions may be made for each Plan Year in an amount determined by the Employer. 

 Discretionary Contributions are subject to the Vesting Percentage. 
 No Participant shall be permitted to have Elective Deferral Contributions, as defined in the EXCESS AMOUNTS SECTION of this article, made under this Plan, or any other plan, contract, or arrangement maintained by the
Employer, during any calendar year, in excess of the dollar limitation contained in Code Section 402(g) in effect for the Participant’s taxable year beginning in such calendar year. The dollar limitation in the preceding sentence shall be
increased by the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year for any Participant who will be age 50 or older by the end of the taxable year. 
 The dollar limitation contained in Code Section 402(g) is $10,500 for taxable years beginning in 2000 and 2001, increasing to $11,000 for taxable
years beginning in 2002, and increasing by $1,000 for each year thereafter up to $15,000 for taxable years beginning in 2006 and later years. After 2006, the $15,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living
increases under Code Section 402(g)(4). Any such adjustments will be in multiples of $500. 
 Catch-up Contributions for a Participant
for a taxable year may not exceed the dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code Section 414(v)(2)(B)(i) is $1,000 for taxable years
beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the Secretary of the Treasury for cost-of-living increases under Code
Section 414(v)(2)(C). Any such adjustments will be in multiples of $500. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	26	 	ARTICLE III (5-19047)

 The Plan provides for an automatic election to have Pre-tax Elective Deferral Contributions made. Such
automatic election shall apply when a Participant first becomes eligible to make Elective Deferral Contributions (or again becomes eligible after a period during which he was not an Active Participant). The Participant shall be provided a notice
that explains the automatic election and his right to elect a different rate of Elective Deferral Contributions or to elect not to make Elective Deferral Contributions, and his right to designate a portion of his Elective Deferral Contributions as
Roth Elective Deferral Contributions. The notice shall include the procedure for exercising that right and the timing for implementing any such election. The Participant shall be given a reasonable period thereafter to elect a different rate of
Elective Deferral Contributions or to elect not to make Elective Deferral Contributions, and to designate a portion of his Elective Deferral Contributions as Roth Elective Deferral Contributions. 
 Each Active Participant affected by the automatic election shall be provided an annual notice that explains the automatic election and his right to elect
a different rate of Elective Deferral Contributions or to elect not to make Elective Deferral Contributions, and his right to designate all or any portion of his Elective Deferral Contributions as Roth Elective Deferral Contributions. The notice
shall include the procedure for exercising those rights and the timing for implementing such elections. 
 An elective deferral agreement (or
change thereto) must be made in such manner and in accordance with such rules as the Employer may prescribe (including by means of voice response or other electronic system under circumstances the Employer permits) and may not be made retroactively.

 Employer Contributions are allocated according to the provisions of the ALLOCATION SECTION of this article. 
 A portion of the Plan assets resulting from Employer Contributions (but not more than the original amount of those Contributions) may be returned if the
Employer Contributions are made because of a mistake of fact or are more than the amount deductible under Code Section 404 (excluding any amount which is not deductible because the Plan is disqualified). The amount involved must be returned to
the Employer within one year after the date the Employer Contributions are made by mistake of fact or the date the deduction is disallowed, whichever applies. Except as provided under this paragraph and Article VIII, the assets of the Plan shall
never be used for the benefit of the Employer and are held for the exclusive purpose of providing benefits to Participants and their Beneficiaries and for defraying reasonable expenses of administering the Plan. 
 SECTION 3.01A—ROLLOVER CONTRIBUTIONS. 
 A
Rollover Contribution may be made by an Eligible Employee or an Inactive Participant if the following conditions are met: 
  

	 	(a)	The Contribution is a Participant Rollover Contribution or a direct rollover of a distribution made after December 31, 2001 from the types of plans specified below.

 Direct Rollovers. The Plan will accept a direct rollover of an Eligible Rollover Distribution from (i) a
qualified plan described in Code Section 401(a) or 403(a), including after-tax employee contributions and any portion of a designated Roth account; (ii) an annuity contract described in Code Section 403(b), excluding after-tax
employee contributions and any portion of a designated Roth account; and (iii) an eligible plan under Code Section 457(b) which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or
political subdivision of a state. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	27	 	ARTICLE III (5-19047)

 Participant Rollover Contributions from Other Plans. The Plan will accept a Participant
contribution of an Eligible Rollover Distribution from (i) a qualified plan described in Code Section 401(a) or 403(a), including distributions of a designated Roth account only to the extent such amount would otherwise be includible in a
Participant’s gross income; (ii) an annuity contract described in Code Section 403(b), excluding any distribution of a designated Roth account; and (iii) an eligible plan under Code Section 457(b) which is maintained by a
state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state. 
 Participant
Rollover Contributions from IRAs. The Plan will accept a Participant Rollover Contribution of the portion of a distribution from an individual retirement account or individual retirement annuity described in Code Section 408(a) or
(b) that is eligible to be rolled over and would otherwise be includible in the Participant’s gross income. 
  

	 	(b)	The Contribution is of amounts that the Code permits to be transferred to a plan that meets the requirements of Code Section 401(a). 

  

	 	(c)	The Contribution is made in the form of a direct rollover under Code Section 401(a)(31) or is a rollover made under Code Section 402(c) or 408(d)(3)(A) within 60 days
after the Eligible Employee or Inactive Participant receives the distribution. 

  

	 	(d)	The Eligible Employee or Inactive Participant furnishes evidence satisfactory to the Plan Administrator that the proposed rollover meets conditions (a), (b), and (c) above.

  

	 	(e)	In the case of an Inactive Participant, the Contribution must be of an amount distributed from another plan of the Employer, or a plan of a Controlled Group member, that satisfies
the requirements of Code Section 401(a). 

 A Rollover Contribution shall be allowed cash or in kind and must be made
according to procedures set up by the Plan Administrator. The in kind distribution must be of an allowable security under the Self-Directed Brokerage Account. 
 If the Eligible Employee is not an Active Participant when the Rollover Contribution is made, he shall be deemed to be an Active Participant only for the purpose of investment and distribution of the Rollover
Contribution. Employer Contributions shall not be made for or allocated to the Eligible Employee until the time he meets all of the requirements to become an Active Participant. 
 Rollover Contributions made by an Eligible Employee or an Inactive Participant shall be credited to his Account. The part of the Participant’s
Account resulting from Rollover Contributions is 100% vested and nonforfeitable at all times. A separate accounting record shall be maintained for that part of his Rollover Contributions consisting of voluntary contributions which were deducted from
the Participant’s gross income for Federal income tax purposes. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	28	 	ARTICLE III (5-19047)

 SECTION 3.02—FORFEITURES. 
 The Nonvested Account of a Participant shall be forfeited as of the earlier of the following: 
  

	 	(a)	the date the record keeper is notified that the Participant died (if prior to such date he has had a Severance from Employment), or 

  

	 	(b)	the Participant’s Forfeiture Date. 

 All or a portion of a
Participant’s Nonvested Account shall be forfeited before such earlier date if, after he has a Severance from Employment, he receives, or is deemed to receive, a distribution of his entire Vested Account or a distribution of his Vested Account
derived from Employer Contributions which were not 100% vested when made, under the RETIREMENT BENEFITS SECTION of Article V, the VESTED BENEFITS SECTION of Article V, or the SMALL AMOUNTS SECTION of Article X. The forfeiture shall occur as of the
date the Participant receives, or is deemed to receive, the distribution. If a Participant receives, or is deemed to receive, his entire Vested Account, his entire Nonvested Account shall be forfeited. If a Participant receives a distribution of his
Vested Account from Employer Contributions that were not 100% vested when made, but less than his entire Vested Account, the amount to be forfeited shall be determined by multiplying his Nonvested Account from such Contributions by a fraction. The
numerator of the fraction is the amount of the distribution derived from Employer Contributions that were not 100% vested when made and the denominator of the fraction is his entire Vested Account derived from such Contributions on the date of the
distribution. 
 A Forfeiture shall also occur as provided in the EXCESS AMOUNTS SECTION of this article. 
 Forfeitures shall be determined at least once during each Plan Year. Forfeitures may first be used to pay administrative expenses. Forfeitures of
Matching Contributions that relate to excess amounts as provided in the EXCESS AMOUNTS SECTION of this article, that have not been used to pay administrative expenses, shall be applied to reduce the earliest Employer Contributions made after the
Forfeitures are determined. Any other Forfeitures that have not been used to pay administrative expenses shall be applied to reduce the earliest Employer Contributions made after the Forfeitures are determined. Upon their application to reduce
Employer Contributions, Forfeitures shall be deemed to be Employer Contributions. 
 If a Participant again becomes an Eligible Employee
after receiving a distribution which caused all or a portion of his Nonvested Account to be forfeited, he shall have the right to repay to the Plan the entire amount of the distribution he received (excluding any amount of such distribution
resulting from Contributions which were 100% vested when made). The repayment must be made in a single sum (repayment in installments is not permitted) before the earlier of the date five years after the date he again becomes an Eligible Employee or
the end of the first period of five consecutive one-year Periods of Severance which begin after the date of the distribution. 
 If the
Participant makes the repayment above, the Plan Administrator shall restore to his Account an amount equal to his Nonvested Account that was forfeited on the date of distribution, unadjusted for any investment gains or losses. If no amount is to be
repaid because the Participant was deemed to have received a distribution, or only received a distribution of Contributions which were 100% vested when made, and he again performs an Hour of Service as an Eligible Employee within the repayment
period, the Plan Administrator shall restore the Participant’s Account as if he had made a required repayment on the date he performed such Hour of Service. Restoration of the Participant’s Account shall include restoration of all 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	29	 	ARTICLE III (5-19047)

 
Code Section 411(d)(6) protected benefits with respect to the restored Account, according to applicable Treasury regulations. Provided, however, the
Plan Administrator shall not restore the Nonvested Account if (i) a Forfeiture Date has occurred after the date of the distribution and on or before the date of repayment and (ii) that Forfeiture Date would result in a complete forfeiture
of the amount the Plan Administrator would otherwise restore. 
 The Plan Administrator shall restore the Participant’s Account by the
close of the Plan Year following the Plan Year in which repayment is made. The permissible sources for restoration of the Participant’s Account are Forfeitures or special Employer Contributions. Such special Employer Contributions shall be made
without regard to profits. The repaid and restored amounts are not included in the Participant’s Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article. 
 SECTION 3.03—ALLOCATION. 
 A person meets the allocation requirements of this section if he is an
Active Participant on the last day of the Plan Year. A person shall also meet the requirements of this section if he was an Active Participant at any time during the Plan Year and retires, becomes Totally and Permanently Disabled, or dies.

 Elective Deferral Contributions shall be allocated to the Participants for whom such Contributions are made under the EMPLOYER
CONTRIBUTIONS SECTION of this article. Such Contributions shall be allocated when made and credited to the Participant’s Account. 
 Matching Contributions shall be allocated to the persons for whom such Contributions are made under the EMPLOYER CONTRIBUTIONS SECTION of this article. Such Contributions shall be allocated when made and credited to the person’s
Account. 
 The discretionary Qualified Nonelective Contributions to be used to reduce excess amounts, as described in the EMPLOYER
CONTRIBUTIONS SECTION of this article, shall be allocated as of the last day of the Plan Year only to Nonhighly Compensated Employees who were Active Participants on the last day of the Plan Year. Such Contributions (or separate Contributions) shall
be allocated first to the eligible person under the Plan (or separate plan) with the lowest Annual Compensation for the Plan Year, then to the eligible person under the Plan (or separate plan) with the next lowest Annual Compensation, and so forth,
in each case subject to the applicable limits of the CONTRIBUTION LIMITATION SECTION of this article. This amount shall be credited to the person’s Account. 
 Discretionary Contributions shall be allocated as of the last day of the Plan Year using Annual Compensation for the Plan Year. In years in which the Plan is a Top-heavy Plan, as defined in the DEFINITIONS SECTION of
Article XI, and the minimum contribution under the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI is not being provided by other contributions to this Plan or another plan of the Employer, the allocation shall be made to each person meeting the
allocation requirements of this section and each person entitled to a minimum contribution under the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI. In all other years, the allocation shall be made for each person meeting the allocation
requirements of this section. The amount allocated shall be equal to the Discretionary Contributions multiplied by the ratio of such person’s Annual Compensation to the total Annual Compensation for all such persons. The allocation for any
person who does not meet the allocation requirements of this section shall be limited to the amount necessary to fund the minimum contribution. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	30	 	ARTICLE III (5-19047)

 In years in which the Plan is a Top-heavy Plan, the minimum contribution under the MODIFICATION OF
CONTRIBUTIONS SECTION of Article XI is not being provided by other contributions to this Plan or another plan of the Employer, and the allocation described above (or any subsequent allocation described below) would provide an allocation for any
person less than the minimum contribution required for such person in the MODIFICATION OF CONTRIBUTIONS SECTION of Article XI, such minimum contribution shall first be allocated to all such persons. Then any amount remaining shall be allocated to
the remaining persons sharing in the allocation based on Annual Compensation as described above, as if they were the only persons sharing in the allocation for the Plan Year. 
 This amount shall be credited to the person’s Account. 
 If Leased Employees are Eligible Employees, in determining the amount of Employer Contributions allocated to a person who is a Leased Employee, contributions provided by the leasing organization that are attributable
to services such Leased Employee performs for the Employer shall be treated as provided by the Employer. Those contributions shall not be duplicated under this Plan. 
 SECTION 3.04—CONTRIBUTION LIMITATION. 
  

	 	(a)	Definitions. For the purpose of determining the contribution limitation set forth in this section, the following terms are defined. 

 Annual Additions means the sum of the following amounts credited to a Participant’s account for the Limitation Year: 
  

	 	(1)	employer contributions; 

  

	 	(2)	employee contributions; and 

  

	 	(3)	forfeitures. 

 Annual Additions to a defined contribution
plan shall also include the following: 
  

	 	(4)	amounts allocated to an individual medical account, as defined in Code Section 415(l)(2), which are part of a pension or annuity plan maintained by the Employer;

  

	 	(5)	amounts derived from contributions paid or accrued which are attributable to post-retirement medical benefits, allocated to the separate account of a key employee, as defined in
Code Section 419A(d)(3), under a welfare benefit fund, as defined in Code Section 419(e), maintained by the Employer; and 

  

	 	(6)	allocations under a simplified employee pension. 

 For this
purpose, any Excess Amount applied under (e) and (k) below in the Limitation Year to reduce Employer Contributions shall be considered Annual Additions for such Limitation Year. 
 Compensation means wages, salaries, and fees for professional services and other amounts received (without regard to whether or not an amount is
paid in cash) for personal services actually rendered in the course of employment with the Employer maintaining the plan to the 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	31	 	ARTICLE III (5-19047)

 
extent that the amounts are includible in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a
percentage of profits, commissions on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in section 1.62-2(c) of the regulations)), and excluding the
following: 
  

	 	(1)	employer contributions to a plan of deferred compensation which are not included in the Employee’s gross income for the taxable year in which contributed, or employer
contributions under a simplified employee pension plan, or any distributions from a plan of deferred compensation; 

  

	 	(2)	amounts realized from the exercise of a nonqualified stock option, or when restricted stock (or property) held by the Employee either becomes freely transferable or is no longer
subject to a substantial risk of forfeiture; 

  

	 	(3)	amounts realized from the sale, exchange or other disposition of stock acquired under a qualified stock option; and 

  

	 	(4)	other amounts which received special tax benefits, or contributions made by the Employer (whether or not under a salary reduction agreement) towards the purchase of an annuity
contract described in Code Section 403(b) (whether or not the contributions are actually excludible from the gross income of the Employee). 

 For any Self-employed Individual, Compensation shall mean Earned Income. 
 For purposes of applying the
limitations of this section, Compensation for a Limitation Year is the Compensation actually paid or made available in gross income during such Limitation Year. 
 Compensation paid or made available during such Limitation Year shall include any elective deferral (as defined in Code Section 402(g)(3)), and any amount which is contributed or deferred by the Employer at the
election of the Employee and which is not includible in the gross income of the Employee by reason of Code Section 125, 132(f)(4), or 457. 
 For Limitation Years beginning on and after January 1, 2005, payments made within 2 1/2 months after Severance from Employment will be Compensation if they are payments that, absent a Severance from Employment, would
have been paid to the Employee while the Employee continued in employment with the Employer and are regular compensation for services during the Employee’s regular working hours, compensation for services outside the Employee’s regular
working hours (such as overtime or shift differential), commissions, bonuses, or other similar compensation, and payments for accrued bona fide sick, vacation, or other leave, but only if the Employee would have been able to use the leave if
employment had continued. Any payments not described above are not considered compensation if paid after Severance from Employment, even if they are paid within 2 1/2 months following Severance from Employment, except for payments to an individual who does not currently perform services for the Employer by reason of qualified military service (within the
meaning of Code Section 414(u)(1)) to the extent these payments do not exceed the amounts the individual would have received if the individual had continued to perform services for the Employer rather than entering qualified military service.

  

					
	RESTATEMENT DECEMBER 15, 2006	 	32	 	ARTICLE III (5-19047)

 Defined Contribution Dollar Limitation means $40,000, as adjusted for cost-of living increases
under Code Section 415(d). 
 Employer means the employer that adopts this Plan, and all members of a controlled group of
corporations (as defined in Code Section 414(b) as modified by Code Section 415(h)), all commonly controlled trades or businesses (as defined in Code Section 414(c) as modified by Code Section 415(h)) or affiliated service groups
(as defined in Code Section 414(m)) of which the adopting employer is a part, and any other entity required to be aggregated with the employer pursuant to regulations under Code Section 414(o). 
 Excess Amount means the excess of the Participant’s Annual Additions for the Limitation Year over the Maximum Annual Addition. 
 Limitation Year means the consecutive 12-month period ending on each December 31. If the Limitation Year is other than the calendar year,
execution of this Plan (or any amendment to this Plan changing the Limitation Year) constitutes the Employer’s adoption of a written resolution electing the Limitation Year. If the Limitation Year is amended to a different consecutive 12-month
period, the new Limitation Year must begin on a date within the Limitation Year in which the amendment is made. 
 Maximum Annual Addition
means, for Limitation Years beginning on or after January 1, 2002, except for catch-up contributions described in Code Section 414(v), the Annual Addition that may be contributed or allocated to a Participant’s Account under the
Plan for any Limitation Year. This amount shall not exceed the lesser of: 
  

	 	(1)	The Defined Contribution Dollar Limitation, or 

  

	 	(2)	100 percent of the Participant’s Compensation for the Limitation Year. 

 The compensation limitation referred to in (2) shall not apply to any contribution for medical benefits (within the meaning of Code Section 401(h) or 419A(f)(2)) after separation from service that is
otherwise treated as an Annual Addition. 
 If a short Limitation Year is created because of an amendment changing the Limitation Year to a
different consecutive 12-month period, the Maximum Annual Addition will not exceed the Defined Contribution Dollar Limitation multiplied by the following fraction: 
 Number of months (including any fractional parts of a month) 
 in the short Limitation Year

  
 12

  

	 	(b)	 If the Participant does not participate in, and has never participated in, another qualified plan maintained by the Employer or a welfare benefit fund, as defined
in Code Section 419(e), maintained by the Employer, or an individual medical account, as defined in Code Section 415(l)(2), maintained by the Employer, or a simplified employee pension, as defined in Code Section 408(k), maintained by
the Employer, which provides an Annual Addition, the amount of Annual Additions which may be credited to the Participant’s Account for any Limitation Year shall not exceed the lesser of the Maximum Annual Addition or any other limitation
contained in this 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	33	 	ARTICLE III (5-19047)

	 	 
Plan. If the Employer Contribution that would otherwise be contributed or allocated to the Participant’s Account would cause the Annual Additions for
the Limitation Year to exceed the Maximum Annual Addition, the amount contributed or allocated shall be reduced so that the Annual Additions for the Limitation Year will equal the Maximum Annual Addition. 

  

	 	(c)	Prior to determining the Participant’s actual Compensation for the Limitation Year, the Employer may determine the Maximum Annual Addition for a Participant on the basis of a
reasonable estimation of the Participant’s Compensation for the Limitation Year, uniformly determined for all Participants similarly situated. 

  

	 	(d)	As soon as is administratively feasible after the end of the Limitation Year, the Maximum Annual Addition for the Limitation Year will be determined on the basis of the
Participant’s actual Compensation for the Limitation Year. 

  

	 	(e)	If as a result of a reasonable error in estimating a Participant’s Compensation for the Limitation Year, a reasonable error in determining the amount of elective deferrals
(within the meaning of Code Section 402(g)(3)) that may be made with respect to any individual under the limits of Code Section 415, or under other facts and circumstances allowed by the Internal Revenue Service, there is an Excess Amount,
the excess will be disposed of as follows: 

  

	 	(1)	Any Elective Deferral Contributions that are not the basis for Matching Contributions (plus attributable earnings), to the extent they would reduce the Excess Amount, will be
distributed to the Participant. The distribution of Elective Deferral Contributions shall be made on a pro rata basis from the Participant’s Account resulting from Pre-tax Elective Deferral Contributions and Roth Elective Deferral Contributions
in the same proportion that such Contributions were made for the applicable year. 

  

	 	(2)	If after the application of (1) above an Excess Amount still exists, any Elective Deferral Contributions that are the basis for Matching Contributions (plus attributable
earnings), to the extent they would reduce the Excess Amount, will be distributed to the Participant. The order of distribution of Pre-tax Elective Deferral Contributions and Roth Elective Deferral Contributions shall be made as provided in
(1) above. Concurrently with the distribution of such Elective Deferral Contributions, any Matching Contributions that relate to any Elective Deferral Contributions distributed in the preceding sentence, to the extent such application would
reduce the Excess Amount, will be applied as provided in (3) or (4) below: 

  

	 	(3)	If after the application of (2) above an Excess Amount still exists, and the Participant is covered by the Plan at the end of the Limitation Year, the Excess Amount in the
Participant’s Account will be used to reduce Employer Contributions for such Participant in the next Limitation Year, and each succeeding Limitation Year if necessary. 

  

	 	(4)	If after the application of (2) above an Excess Amount still exists, and the Participant is not covered by the Plan at the end of the Limitation Year, the Excess Amount will be
held unallocated in a suspense account. The suspense account will be applied to reduce future Employer Contributions for all remaining Participants in the next Limitation Year, and each succeeding Limitation Year if necessary.

  

					
	RESTATEMENT DECEMBER 15, 2006	 	34	 	ARTICLE III (5-19047)

	 	(5)	If a suspense account is in existence at any time during a Limitation Year pursuant to this (e), it will participate in the allocation of investment gains or losses. If a suspense
account is in existence at any time during a particular Limitation Year, all amounts in the suspense account must be allocated and reallocated to Participant’s Accounts before any Employer Contributions may be made to the Plan for that
Limitation Year. Excess Amounts held in a suspense account may not be distributed to Participants or former Participants. 

  

	 	(f)	This (f) applies if, in addition to this Plan, the Participant is covered under another qualified defined contribution plan maintained by the Employer, a welfare benefit fund
maintained by the Employer, an individual medical account maintained by the Employer, or a simplified employee pension maintained by the Employer which provides an Annual Addition during any Limitation Year. The Annual Additions which may be
credited to a Participant’s Account under this Plan for any such Limitation Year will not exceed the Maximum Annual Addition, reduced by the Annual Additions credited to a Participant’s account under the other qualified defined
contribution plans, welfare benefit funds, individual medical accounts, and simplified employee pensions for the same Limitation Year. If the Annual Additions with respect to the Participant under other qualified defined contribution plans, welfare
benefit funds, individual medical accounts, and simplified employee pensions maintained by the Employer are less than the Maximum Annual Addition, and the Employer Contribution that would otherwise be contributed or allocated to the
Participant’s Account under this Plan would cause the Annual Additions for the Limitation Year to exceed this limitation, the amount contributed or allocated will be reduced so that the Annual Additions under all such plans and funds for the
Limitation Year will equal the Maximum Annual Addition. If the Annual Additions with respect to the Participant under such other qualified defined contribution plans, welfare benefit funds, individual medical accounts, and simplified employee
pensions in the aggregate are equal to or greater than the Maximum Annual Addition, no amount will be contributed or allocated to the Participant’s Account under this Plan for the Limitation Year. 

  

	 	(g)	Prior to determining the Participant’s actual Compensation for the Limitation Year, the Employer may determine the Maximum Annual Addition for a Participant in the manner
described in (c) above. 

  

	 	(h)	As soon as is administratively feasible after the end of the Limitation Year, the Maximum Annual Addition for the Limitation Year will be determined on the basis of the
Participant’s actual Compensation for the Limitation Year. 

  

	 	(i)	If pursuant to (h) above or as a result of the allocation of forfeitures or as a result of a reasonable error in determining the amount of elective deferrals (within the
meaning of Code Section 402(g)(3)) that may be made with respect to any individual under the limits of Code Section 415, a Participant’s Annual Additions under this Plan and such other plans would result in an Excess Amount for a
Limitation Year, the Excess Amount will be deemed to consist of the Annual Additions last allocated, except that Annual Additions attributable to a simplified employee pension will be deemed to have been allocated first, followed by Annual Additions
to a welfare benefit fund or individual medical account, regardless of the actual allocation date. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	35	 	ARTICLE III (5-19047)

	 	(j)	If an Excess Amount was allocated to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, the Excess Amount attributed to this
Plan will be the product of: 

  

	 	(1)	the total Excess Amount allocated as of such date, times 

  

	 	(2)	the ratio of (i) the Annual Additions allocated to the Participant for the Limitation Year as of such date under this Plan to (ii) the total Annual Additions allocated to
the Participant for the Limitation Year as of such date under this and all the other qualified defined contribution plans. 

  

	 	(k)	Any Excess Amount attributed to this Plan will be disposed of in the manner described in (e) above. 

 SECTION 3.05—EXCESS AMOUNTS. 
  

	 	(a)	Definitions. For purposes of this section, the following terms are defined: 

 ACP means, for a specified group of Participants (either Highly Compensated Employees or Nonhighly Compensated Employees) for a Plan Year, the average (expressed as a percentage) of the Contribution Percentages
of the Eligible Participants in the group. 
 ADP means, for a specified group of Participants (either Highly Compensated Employees or
Nonhighly Compensated Employees) for a Plan Year, the average (expressed as a percentage) of the Deferral Percentages of the Eligible Participants in the group. 
 Catch-up Contributions means Elective Deferral Contributions made to a plan that are in excess of an otherwise applicable plan limit and that are made by participants who are age 50 or older by the end of the
taxable year. An otherwise applicable plan limit is a limit in the plan that applies to Elective Deferral Contributions without regard to Catch-up Contributions, such as the limits on the maximum annual additions under Code Section 415, the
dollar limitation on Elective Deferral Contributions under Code Section 402(g) (not counting Catch-up Contributions), and the limit imposed by the nondiscrimination test described in Code Section 401(k)(3). 
 Contribution Percentage means the ratio (expressed as a percentage) of the Eligible Participant’s Contribution Percentage Amounts to the
Eligible Participant’s Compensation for the Plan Year (whether or not the Eligible Participant was an Eligible Participant for the entire Plan Year). In modification of the foregoing, Compensation shall be limited to the Compensation received
while an Eligible Participant. For an Eligible Participant for whom such Contribution Percentage Amounts for the Plan Year are zero, the percentage is zero. 
 Contribution Percentage Amounts means the sum of the Participant Contributions and Matching Contributions (that are not Qualified Matching Contributions taken into account for purposes of the ADP Test) made
under the plan on behalf of the Eligible Participant for the plan year. For plan years beginning on or after January 1, 2006, Matching Contributions cannot be taken into account for a plan year for a Nonhighly Compensated Employee to the extent
they are disproportionate matching contributions as defined in section 1.401(m)-2(a)(5)(ii) of the regulations. Such Contribution Percentage Amounts shall not include Matching Contributions that 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	36	 	ARTICLE III (5-19047)

 
are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Elective Deferrals, Excess
Contributions, or Excess Aggregate Contributions. Under such rules as the Secretary of the Treasury shall prescribe, in determining the Contribution Percentage the Employer may elect to include Qualified Nonelective Contributions under this Plan
that were not used in computing the Deferral Percentage. For plan years beginning on or after January 1, 2006, Qualified Nonelective Contributions cannot be taken into account for a plan year for a Nonhighly Compensated Employee to the extent
they are disproportionate contributions as defined in section 1.401(m)-2(a)(6)(v) of the regulations. The Employer may also elect to use Elective Deferral Contributions in computing the Contribution Percentage so long as the ADP Test is met before
the Elective Deferral Contributions are used in the ACP Test and continues to be met following the exclusion of those Elective Deferral Contributions that are used to meet the ACP Test. 
 Deferral Percentage means the ratio (expressed as a percentage) of Elective Deferral Contributions (other than Catch-up Contributions) under this
Plan on behalf of the Eligible Participant for the Plan Year to the Eligible Participant’s Compensation for the Plan Year (whether or not the Eligible Participant was an Eligible Participant for the entire Plan Year). In modification of the
foregoing, Compensation shall be limited to the Compensation received while an Eligible Participant. The Elective Deferral Contributions used to determine the Deferral Percentage shall include Excess Elective Deferrals (other than Excess Elective
Deferrals of Nonhighly Compensated Employees that arise solely from Elective Deferral Contributions made under this Plan or any other plans of the Employer or a Controlled Group member), but shall exclude Elective Deferral Contributions that are
used in computing the Contribution Percentage (provided the ADP Test is satisfied both with and without exclusion of these Elective Deferral Contributions). Under such rules as the Secretary of the Treasury shall prescribe, the Employer may elect to
include Qualified Nonelective Contributions and Qualified Matching Contributions under this Plan in computing the Deferral Percentage. For Plan Years beginning on or after January 1, 2006, Qualified Matching Contributions cannot be taken into
account for a Plan Year for a Nonhighly Compensated Employee to the extent they are disproportionate matching contributions as defined in section 1.401(m)-2(a)(5)(ii) of the regulations. For Plan Years beginning on or after January 1, 2006,
Qualified Nonelective Contributions cannot be taken into account for a Plan Year for a Nonhighly Compensated Employee to the extent they are disproportionate contributions as defined in section 1.401(k)-2(a)(6)(iv) of the regulations. For an
Eligible Participant for whom such contributions on his behalf for the Plan Year are zero, the percentage is zero. 
 Elective Deferral
Contributions means any employer contributions made to a plan at the election of a participant in lieu of cash compensation. With respect to any taxable year, a participant’s Elective Deferral Contributions are the sum of all employer
contributions made on behalf of such participant pursuant to an election to defer under any qualified cash or deferred arrangement described in Code Section 401(k), any salary reduction simplified employee pension plan described in Code
Section 408(k)(6), any SIMPLE IRA plan described in Code Section 408(p), any plan described under Code Section 501(c)(18), and any employer contributions made on behalf of a participant for the purchase of an annuity contract under
Code Section 403(b) pursuant to a salary reduction agreement. For taxable years beginning after December 31, 2005, Elective Deferral Contributions include Pre-tax Elective Deferral Contributions and Roth Elective Deferral Contributions.
Elective Deferral Contributions shall not include any deferrals properly distributed as excess annual additions. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	37	 	ARTICLE III (5-19047)

 Eligible Participant means, for purposes of determining the Deferral Percentage, any Employee who
is otherwise entitled to make Elective Deferral Contributions under the terms of the plan for the plan year. Eligible Participant means, for purposes of determining the Contribution Percentage, any Employee who is eligible (i) to make a
Participant Contribution or an Elective Deferral Contribution (if the Employer takes such contributions into account in the calculation of the Contribution Percentage), or (ii) to receive a Matching Contribution (including forfeitures) or a
Qualified Matching Contribution. If a Participant Contribution is required as a condition of participation in the plan, any Employee who would be a participant in the plan if such Employee made such a contribution shall be treated as an Eligible
Participant on behalf of whom no Participant Contributions are made. 
 Excess Aggregate Contributions means, with respect to any Plan
Year, the excess of: 
  

	 	(1)	The aggregate Contribution Percentage Amounts taken into account in computing the numerator of the Contribution Percentage actually made on behalf of Highly Compensated Employees
for such Plan Year, over 

  

	 	(2)	The maximum Contribution Percentage Amounts permitted by the ACP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of
their Contribution Percentages beginning with the highest of such percentages). 

 Such determination shall be made after first
determining Excess Elective Deferrals and then determining Excess Contributions. 
 Excess Contributions means, with respect to any
Plan Year, the excess of: 
  

	 	(1)	The aggregate amount of employer contributions actually taken into account in computing the Deferral Percentage of Highly Compensated Employees for such Plan Year, over

  

	 	(2)	The maximum amount of such contributions permitted by the ADP Test (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in the order
of the Deferral Percentages, beginning with the highest of such percentages). 

 Such determination shall be made after first
determining Excess Elective Deferrals. 
 Excess Elective Deferrals means those Elective Deferral Contributions of a Participant that
either (i) are made during the Participant’s taxable year and exceed the dollar limitation under Code Section 402(g) or (ii) are made during a calendar year and exceed the dollar limitation under Code Section 402(g) for the
Participant’s taxable year beginning in such calendar year, counting only Elective Deferral Contributions made under this Plan and any other plan, contract, or arrangement maintained by the Employer. The dollar limitation shall be increased by
the dollar limit on Catch-up Contributions under Code Section 414(v), if applicable. 
 Excess Elective Deferrals shall be treated as
Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article, under the Plan, unless such amounts are distributed no later than the first April 15 following the close of the Participant’s taxable year. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	38	 	ARTICLE III (5-19047)

 Matching Contributions means employer contributions made to this or any other defined contribution
plan, or to a contract described in Code Section 403(b), on behalf of a participant on account of a Participant Contribution made by such participant, or on account of a participant’s Elective Deferral Contributions, under a plan
maintained by the Employer or a Controlled Group member. 
 Participant Contributions means contributions (other than Roth Elective
Deferral Contributions) made to the plan by or on behalf of a participant that are included in the participant’s gross income in the year in which made and that are maintained under a separate account to which the earnings and losses are
allocated. 
 Pre-tax Elective Deferral Contributions means a participant’s Elective Deferral Contributions that are not
includible in the participant’s gross income at the time deferred. 
 Qualified Matching Contributions means Matching
Contributions that are nonforfeitable when made to the plan and that are distributable only in accordance with the distribution provisions (other than for hardships) applicable to Elective Deferral Contributions. 
 Qualified Nonelective Contributions means any employer contributions (other than Matching Contributions) that an Employee may not elect to have
paid to him in cash instead of being contributed to the plan and that are nonforfeitable when made to the plan and that are distributable only in accordance with the distribution provisions (other than for hardships) applicable to Elective Deferral
Contributions. 
 Roth Elective Deferral Contributions means a participant’s Elective Deferral Contributions that are includible
in the participant’s gross income at the time deferred and have been irrevocably designated as Roth Elective Deferral Contributions by the participant in his elective deferral agreement. 
  

	 	(b)	Excess Elective Deferrals. A Participant may assign to this Plan any Excess Elective Deferrals made during a taxable year of the Participant by notifying the Plan
Administrator in writing on or before the first following March 1 of the amount of the Excess Elective Deferrals to be assigned to the Plan. A Participant is deemed to notify the Plan Administrator of any Excess Elective Deferrals that arise by
taking into account only those Elective Deferral Contributions made to this Plan and any other plan, contract, or arrangement of the Employer or a Controlled Group member. The Participant’s claim for Excess Elective Deferrals shall be
accompanied by the Participant’s written statement that if such amounts are not distributed, such Excess Elective Deferrals will exceed the limit imposed on the Participant by Code Section 402(g) (including, if applicable, the dollar
limitation on Catch-up Contributions under Code Section 414(v)) for the year in which the deferral occurred. The Excess Elective Deferrals assigned to this Plan cannot exceed the Elective Deferral Contributions allocated under this Plan for
such taxable year. 

 Notwithstanding any other provisions of the Plan, Elective Deferral Contributions in an amount equal to
the Excess Elective Deferrals assigned to this Plan, plus any income and minus any loss allocable thereto, shall be distributed no later than April 15 to any Participant to whose Account Excess Elective Deferrals were assigned for the preceding
year and who claims Excess Elective Deferrals for such taxable year or calendar year. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	39	 	ARTICLE III (5-19047)

 For taxable years beginning after December 31, 2005, distribution of Excess Elective Deferrals shall
be made on a pro rata basis from the Participant’s Account resulting from Pre-tax Elective Deferral Contributions and Roth Elective Deferral Contributions in the same proportion that such Contributions were made for the applicable year.

 The Excess Elective Deferrals shall be adjusted for any income or loss. The income or loss allocable to such Excess Elective Deferrals
shall be equal to the income or loss allocable to the Participant’s Elective Deferral Contributions for the taxable year in which the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess Elective Deferrals. The
denominator of the fraction is the closing balance without regard to any income or loss occurring during such taxable year (as of the end of such taxable year) of the Participant’s Account resulting from Elective Deferral Contributions.

 For purposes of determining income or loss on Excess Elective Deferrals for taxable years beginning on or after January 1, 2006, any
Excess Elective Deferrals, in addition to any adjustment for income or loss for the taxable year in which the excess occurred, shall be adjusted for income or loss for the gap period between the end of such taxable year and the date of distribution.
Such income or loss allocable to the gap period shall be equal to 10% of the income or loss allocable to the Excess Elective Deferrals for the taxable year multiplied by the number of complete months (counting 16 days or more as a complete month) in
the gap period. 
 Any Matching Contributions that were based on the Elective Deferral Contributions distributed as Excess Elective Deferrals,
plus any income and minus any loss allocable thereto, shall be forfeited whether or not such amounts are distributed as Excess Elective Deferrals. 
  

	 	(c)	ADP Test. As of the end of each Plan Year after Excess Elective Deferrals have been determined, the Plan must satisfy the ADP Test. The ADP Test shall be satisfied using the
prior year testing method, unless the Employer has elected to use the current year testing method. 

  

	 	(1)	Prior Year Testing Method. The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the prior year’s ADP for
Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the prior year’s ADP for Eligible Participants who
were Nonhighly Compensated Employees for the prior Plan Year multiplied by 1.25; or 

  

	 	(ii)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

  

	 	A.	shall not exceed the prior year’s ADP for Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year multiplied by 2, and 

 

	 	B.	the difference between such ADPs is not more than 2. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	40	 	ARTICLE III (5-19047)

 If this is not a successor plan, for the first Plan Year the Plan permits any Participant to make
Elective Deferral Contributions, for purposes of the foregoing tests, the prior year’s Nonhighly Compensated Employees’ ADP shall be 3 percent, unless the Employer has elected to use the Plan Year’s ADP for these Eligible
Participants. 
  

	 	(2)	Current Year Testing Method. The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the ADP for Eligible Participants
who are Nonhighly Compensated Employees for the Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the ADP for Eligible Participants who are Nonhighly
Compensated Employees for the Plan Year multiplied by 1.25; or 

  

	 	(ii)	The ADP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

  

	 	A.	shall not exceed the ADP for Eligible Participants who are Nonhighly Compensated Employees for the Plan Year multiplied by 2, and 

  

	 	B.	the difference between such ADP’s is not more than 2. 

 If the Employer has elected to use the current year testing method, that election cannot be changed unless (i) the Plan has been using the current year testing method for the preceding five Plan Years, or if less, the number of Plan
Years the Plan has been in existence; or (ii) if as a result of a merger or acquisition described in Code Section 410(b)(6)(C)(i), the Employer maintains both a plan using the prior year testing method and a plan using the current year
testing method and the change is made within the transition period described in Code Section 410(b)(6)(C)(ii). 
 A Participant is a
Highly Compensated Employee for a particular Plan Year if he meets the definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is a Nonhighly Compensated Employee for a particular Plan Year if he does not
meet the definition of a Highly Compensated Employee in effect for that Plan Year. 
 The Deferral Percentage for any Eligible Participant who
is a Highly Compensated Employee for the Plan Year and who is eligible to have Elective Deferral Contributions (and Qualified Nonelective Contributions or Qualified Matching Contributions, or both, if treated as Elective Deferral Contributions for
purposes of the ADP Test) allocated to his account under two or more arrangements described in Code Section 401(k) that are maintained by the Employer or a Controlled Group member shall be determined as if such Elective Deferral Contributions
(and, if applicable, such Qualified Nonelective Contributions or Qualified Matching Contributions, or both) were made under a single arrangement. For Plan Years beginning on or after January 1, 2006, if a Highly Compensated Employee
participates in two or more cash or deferred arrangements of the Employer or of a Controlled Group member that have different plan years, all Elective Deferral Contributions made during the Plan Year shall be aggregated. For Plan Years beginning
before January 1, 2006, all such cash or deferred arrangements ending with or within the same calendar 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	41	 	ARTICLE III (5-19047)

 
year shall be treated as a single arrangement. The foregoing notwithstanding, certain plans shall be treated as separate if mandatorily disaggregated under
the regulations of Code Section 401(k). 
 In the event this Plan satisfies the requirements of Code Section 401(k), 401(a)(4), or
410(b) only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such Code sections only if aggregated with this Plan, then this section shall be applied by determining the Deferral Percentage of
Employees as if all such plans were a single plan. If more than 10 percent of the Employer’s Nonhighly Compensated Employees are involved in a plan coverage change as defined in section 1.401(k)-2(c)(4) of the regulations, then any adjustments
to the Nonhighly Compensated Employee ADP for the prior year shall be made in accordance with such regulations, unless the Employer has elected to use the current year testing method. Plans may be aggregated in order to satisfy Code
Section 401(k) only if they have the same plan year and use the same testing method for the ADP Test. 
 For purposes of the ADP Test,
Elective Deferral Contributions, Qualified Nonelective Contributions, and Qualified Matching Contributions must be made before the end of the 12-month period immediately following the Plan Year to which the contributions relate. 
 If the Plan Administrator should determine during the Plan Year that the ADP Test is not being met, the Plan Administrator may limit the amount of future
Elective Deferral Contributions of the Highly Compensated Employees. 
 Notwithstanding
any other provisions of this Plan, Excess Contributions, plus any income and minus any loss allocable thereto, shall be distributed no later than 12 months after the last day of a Plan Year to Participants to whose Accounts such Excess Contributions
were allocated for such Plan Year, except to the extent such Excess Contributions are classified as Catch-up Contributions. Excess Contributions are allocated to the Highly Compensated Employees with the largest amounts of employer contributions
taken into account in calculating the ADP Test for the year in which the excess arose, beginning with the Highly Compensated Employee with the largest amount of such employer contributions and continuing in descending order until all of the Excess
Contributions have been allocated. For Plan Years beginning on or after January 1, 2006, if a Highly Compensated Employee participates in two or more cash or deferred arrangements of the Employer or of a Controlled Group member, the amount
distributed shall not exceed the amount of the employer contributions taken into account in calculating the ADP test and made to this Plan for the year in which the excess arose. If Catch-up Contributions are allowed for the Plan Year being tested,
to the extent a Highly Compensated Employee has not reached his Catchup Contribution limit under the Plan for such year, Excess Contributions allocated to such Highly Compensated Employee are Catch-up Contributions and will not be treated as Excess
Contributions. If such excess amounts (other than Catch-up Contributions) are distributed more than 2 1/2 months after the last
day of the Plan Year in which such excess amounts arose, a 10 percent excise tax shall be imposed on the employer maintaining the plan with respect to such amounts. 
 Excess Contributions shall be treated as Annual Additions, as defined in the CONTRIBUTION LIMITATION SECTION of this article, even if distributed. 
 The Excess Contributions shall be adjusted for any income or loss. The income or loss allocable to such Excess Contributions allocated to each Participant
shall be equal to the income or loss 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	42	 	ARTICLE III (5-19047)

 
allocable to the Participant’s Elective Deferral Contributions (and, if applicable, Qualified Nonelective Contributions or Qualified Matching
Contributions, or both) for the Plan Year in which the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess Contributions. The denominator of the fraction is the closing balance without regard to any income or loss
occurring during such Plan Year (as of the end of such Plan Year) of the Participant’s Account resulting from Elective Deferral Contributions (and Qualified Nonelective Contributions or Qualified Matching Contributions, or both, if such
contributions are included in the ADP Test). 
 For purposes of determining income or loss on Excess Contributions beginning with the 2006
Plan Year, any Excess Contributions, in addition to any adjustment for income or loss for the Plan Year in which the excess occurred, shall be adjusted for income or loss for the gap period between the end of such Plan Year and the date of
distribution. Such income or loss allocable to the gap period shall be equal to 10% of the income or loss allocable to the Excess Contributions for the Plan Year multiplied by the number of complete months (counting 16 days or more as a complete
month) in the gap period. 
 Excess Contributions allocated to a Participant shall be distributed from the Participant’s Account
resulting from Elective Deferral Contributions. If such Excess Contributions exceed the amount of Excess Contributions in the Participant’s Account resulting from Elective Deferral Contributions, the balance shall be distributed from the
Participant’s Account resulting from Qualified Matching Contributions (if applicable) and Qualified Nonelective Contributions, respectively. 
 For taxable years beginning after December 31, 2005, distribution of Excess Contributions shall be made on a pro rata basis from the Participant’s Account resulting from Pre-tax Elective Deferral Contributions and Roth Elective
Deferral Contributions in the same proportion that such Contributions were made for the applicable year. 
 Any Matching Contributions that
were based on the Elective Deferral Contributions distributed as Excess Contributions, plus any income and minus any loss allocable thereto, shall be forfeited whether or not such amounts are distributed as Excess Contributions. 
  

	 	(d)	ACP Test. As of the end of each Plan Year, the Plan must satisfy the ACP Test. The ACP Test shall be satisfied using the prior year testing method, unless the Employer has
elected to use the current year testing method. 

  

	 	(1)	Prior Year Testing Method. The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the prior year’s ACP for
Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the prior year’s ACP for Eligible Participants who
were Nonhighly Compensated Employees for the prior Plan Year multiplied by 1.25; or 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	43	 	ARTICLE III (5-19047)

	 	(ii)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

  

	 	A.	shall not exceed the prior year’s ACP for Eligible Participants who were Nonhighly Compensated Employees for the prior Plan Year multiplied by 2, and 

 

	 	B.	the difference between such ACPs is not more than 2. 

 If
this is not a successor plan, for the first Plan Year the Plan permits any Participant to make Participant Contributions, provides for Matching Contributions, or both, for purposes of the foregoing tests, the prior year’s Nonhighly Compensated
Employees’ ACP shall be 3 percent, unless the Employer has elected to use the Plan Year’s ACP for these Eligible Participants. 
  

	 	(2)	Current Year Testing Method. The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for each Plan Year and the ACP for Eligible Participants
who are Nonhighly Compensated Employees for the Plan Year must satisfy one of the following tests: 

  

	 	(i)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year shall not exceed the ACP for Eligible Participants who are Nonhighly
Compensated Employees for the Plan Year multiplied by 1.25; or 

  

	 	(ii)	The ACP for a Plan Year for Eligible Participants who are Highly Compensated Employees for the Plan Year: 

  

	 	A.	shall not exceed the ACP for Eligible Participants who are Nonhighly Compensated Employees for the Plan Year multiplied by 2, and 

  

	 	B.	the difference between such ACPs is not more than 2. 

 If
the Employer has elected to use the current year testing method, that election cannot be changed unless (i) the Plan has been using the current year testing method for the preceding five Plan Years, or if less, the number of Plan Years the Plan
has been in existence; or (ii) if as a result of a merger or acquisition described in Code Section 410(b)(6)(C)(i), the Employer maintains both a plan using the prior year testing method and a plan using the current year testing method and
the change is made within the transition period described in Code Section 410(b)(6)(C)(ii). 
 A Participant is a Highly Compensated
Employee for a particular Plan Year if he meets the definition of a Highly Compensated Employee in effect for that Plan Year. Similarly, a Participant is a Nonhighly Compensated Employee for a particular Plan Year if he does not meet the definition
of a Highly Compensated Employee in effect for that Plan Year. 
 The Contribution Percentage for any Eligible Participant who is a Highly
Compensated Employee for the Plan Year and who is eligible to have Contribution Percentage Amounts allocated to his account under two or more plans described in Code Section 401(a) or arrangements described in Code Section 401(k) that are
maintained by the Employer or a Controlled Group member shall be determined as if the total of such Contribution Percentage Amounts was made under each plan and arrangement. For Plan Years beginning on or after January 1, 2006, if a Highly
Compensated 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	44	 	ARTICLE III (5-19047)

 
Employee participates in two or more such plans or arrangements that have different plan years, all Contribution Percentage Amounts made during the Plan Year
shall be aggregated. For Plan Years beginning before January 1, 2006, all such plans and arrangements ending with or within the same calendar year shall be treated as a single plan or arrangement. The foregoing notwithstanding, certain plans
shall be treated as separate if mandatorily disaggregated under the regulations of Code Section 401(m). 
 In the event this Plan
satisfies the requirements of Code Section 401(m), 401(a)(4), or 410(b) only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such Code sections only if aggregated with this Plan, then this
section shall be applied by determining the Contribution Percentage of Employees as if all such plans were a single plan. If more than 10 percent of the Employer’s Nonhighly Compensated Employees are involved in a plan coverage change as
defined in section 1.401(m)-2(c)(4) of the regulations, then any adjustments to the Nonhighly Compensated Employee ACP for the prior year shall be made in accordance with such regulations, unless the Employer has elected to use the current year
testing method. Plans may be aggregated in order to satisfy Code Section 401(m) only if they have the same plan year and use the same testing method for the ACP Test. 
 For purposes of the ACP Test, Participant Contributions are considered to have been made in the Plan Year in which contributed to the Plan. Matching Contributions and Qualified Nonelective Contributions will be
considered to have been made for a Plan Year if made no later than the end of the 12-month period beginning on the day after the close of the Plan Year. 
 Notwithstanding any other provisions of this Plan, Excess Aggregate Contributions, plus any income
and minus any loss allocable thereto, shall be forfeited, if not vested, or distributed, if vested, no later than 12 months after the last day of a Plan Year to Participants to whose Accounts such Excess Aggregate Contributions were allocated for
such Plan Year. Excess Aggregate Contributions are allocated to the Highly Compensated Employees with the largest Contribution Percentage Amounts taken into account in calculating the ACP Test for the year in which the excess arose, beginning with
the Highly Compensated Employee with the largest amount of such Contribution Percentage Amounts and continuing in descending order until all of the Excess Aggregate Contributions have been allocated. For Plan Years beginning on or after
January 1, 2006, if a Highly Compensated Employee participates in two or more plans or arrangements of the Employer or of a Controlled Group member that include Contribution Percentage Amounts, the amount distributed shall not exceed the
Contribution Percentage Amounts taken into account in calculating the ACP Test and made to this Plan for the year in which the excess arose. If such Excess Aggregate Contributions are distributed more than 2 1/2 months after the last day of the Plan Year in which such excess amounts arose, a 10 percent excise tax shall be imposed on the
employer maintaining the plan with respect to such amounts. 
 Excess Aggregate Contributions shall be treated as Annual Additions, as
defined in the CONTRIBUTION LIMITATION SECTION of this article, even if distributed. 
 The Excess Aggregate Contributions shall be adjusted
for any income or loss. The income or loss allocable to such Excess Aggregate Contributions allocated to each Participant shall be equal to the income or loss allocable to the Participant’s Contribution Percentage Amounts for the Plan Year in
which the excess occurred multiplied by a fraction. The numerator of the fraction is the Excess Aggregate Contributions. The denominator of the fraction is the closing balance without 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	45	 	ARTICLE III (5-19047)

 
regard to any income or loss occurring during such Plan Year (as of the end of such Plan Year) of the Participant’s Account resulting from Contribution
Percentage Amounts. 
 For purposes of determining income or loss on Excess Aggregate Contributions beginning with the 2006 Plan Year, any
Excess Aggregate Contributions, in addition to any adjustment for income or loss for the Plan Year in which the excess occurred, shall be adjusted for income or loss for the gap period between the end of such Plan Year and the date of distribution.
Such income or loss allocable to the gap period shall be equal to 10% of the income or loss allocable to the Excess Aggregate Contributions for the Plan Year multiplied by the number of complete months (counting 16 days or more as a complete month)
in the gap period. 
 Excess Aggregate Contributions allocated to a Participant shall be distributed from the Participant’s Account
resulting from Participant Contributions that are not required as a condition of employment or participation or for obtaining additional benefits from Employer Contributions. If such Excess Aggregate Contributions exceed the balance in the
Participant’s Account resulting from such Participant Contributions, the balance shall be forfeited, if not vested, or distributed, if vested, on a pro rata basis from the Participant’s Account resulting from Contribution Percentage
Amounts. 
  

	 	(e)	Employer Elections. The Employer has made an election to use the current year testing method. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	46	 	ARTICLE III (5-19047)

 ARTICLE IV 
 INVESTMENT OF CONTRIBUTIONS 
 SECTION 4.01—INVESTMENT AND TIMING OF CONTRIBUTIONS. 
 The handling of Contributions and Plan assets is governed by the provisions of the Trust Agreement and any other relevant document, such as an Annuity
Contract (for the purposes of this paragraph alone, the Trust Agreement and such other documents will each be referred to as a “document” or collectively as the “documents”), duly entered into by or with regard to the Plan that
govern such matters. To the extent permitted by the documents, the parties named below shall direct the Contributions for investment in any of the investment options or investment vehicles available to the Plan under or through the documents, and
may request the transfer of amounts resulting from those Contributions between such investment options and investment vehicles. A Participant may not direct the investment of all or any portion of his Account in collectibles. Collectibles mean any
work of art, rug or antique, metal or gem, stamp or coin, alcoholic beverage, or other tangible personal property specified by the Secretary of the Treasury. However, for tax years beginning after December 31, 1997, certain coins and bullion as
provided in Code Section 408(m)(3) shall not be considered collectibles. To the extent that a Participant who has the ability to provide investment direction fails to give timely investment direction, the amount for which no investment
direction is in place shall be invested in such investment options and investment vehicles as provided in the service and expense agreement or such other documents duly entered into by or with regard to the Plan that govern such matters. If the
Primary Employer has investment direction, the Contributions shall be invested ratably in the investment options and investment vehicles available to the Plan under or through the documents. The Primary Employer shall have investment direction for
amounts that have not been allocated to Participants. To the extent an investment is no longer available, the Primary Employer may require that amounts currently held in such investment be reinvested in other investments. 
 At least annually, the Named Fiduciary shall review all pertinent Employee information and Plan data in order to establish the funding policy of the Plan
and to determine appropriate methods of carrying out the Plan’s objectives. The Named Fiduciary shall inform the Trustee and any Investment Manager of the Plan’s short-term and long-term financial needs so the investment policy can be
coordinated with the Plan’s financial requirements. 
  

	 	(a)	Employer Contributions other than Elective Deferral Contributions: The Participant shall direct the investment of such Employer Contributions and transfer of amounts resulting from
those Contributions. 

  

	 	(b)	Elective Deferral Contributions: The Participant shall direct the investment of Elective Deferral Contributions and transfer of amounts resulting from those Contributions.

  

	 	(c)	Rollover Contributions: The Participant shall direct the investment of Rollover Contributions and transfer of amounts resulting from those Contributions. 

However, the Named Fiduciary may delegate to the Investment Manager investment direction for Contributions and amounts that are not subject to
Participant direction. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	47	 	ARTICLE IV (5-19047)

 All Contributions are forwarded by the Employer to the Trustee to be deposited in the Trust Fund or to
the Insurer to be deposited under the Annuity Contract, as applicable. Contributions that are accumulated through payroll deduction shall be paid to the Trustee or Insurer, as applicable, by the earlier of (i) the date the Contributions can
reasonably be segregated from the Employer’s assets, or (ii) the 15th business day of the month following the month in which the Contributions would otherwise have been paid in cash to the Participant. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	48	 	ARTICLE IV (5-19047)

 ARTICLE V 
 BENEFITS 
 SECTION 5.01—RETIREMENT BENEFITS. 
 On a Participant’s Retirement Date, his Vested Account shall be distributed to him according to the distribution of benefits provisions of Article VI
and the provisions of the SMALL AMOUNTS SECTION of Article X. 
 SECTION 5.02—DEATH BENEFITS. 
 If a Participant dies before his Annuity Starting Date, his Vested Account shall be distributed according to the distribution of benefits provisions of
Article VI and the provisions of the SMALL AMOUNTS SECTION of Article X. 
 SECTION 5.03—VESTED BENEFITS. 
 If an Inactive Participant’s Vested Account is not payable under the SMALL AMOUNTS SECTION of Article X, he may elect, but is not required, to
receive a distribution of any part of his Vested Account after he has a Severance from Employment. A distribution under this paragraph shall be a retirement benefit and shall be distributed to the Participant according to the distribution of
benefits provisions of Article VI. 
 A Participant may not elect to receive a distribution under the provisions of this section after he
again becomes an Employee until he subsequently has a Severance from Employment and meets the requirements of this section. 
 If an Inactive
Participant does not receive an earlier distribution, upon his Retirement Date or death, his Vested Account shall be distributed according to the provisions of the RETIREMENT BENEFITS SECTION or the DEATH BENEFITS SECTION of this article.

 The Nonvested Account of an Inactive Participant who has had a Severance from Employment shall remain a part of his Account until it
becomes a Forfeiture. However, if he again becomes an Employee so that his Vesting Percentage can increase, the Nonvested Account may become a part of his Vested Account. 
 SECTION 5.04—WHEN BENEFITS START. 
  

	 	(a)	Unless otherwise elected, benefits shall begin before the 60th day following the close of the Plan Year in which the latest date below occurs: 

  

	 	(1)	The date the Participant attains age 65 (or Normal Retirement Age, if earlier). 

  

	 	(2)	The 10th anniversary of the Participant’s earliest Entry Date. 

  

	 	(3)	The date the Participant terminates service with the Employer. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	49	 	ARTICLE V (5-19047)

 Notwithstanding the foregoing, the failure of a Participant to consent to a distribution while a benefit
is immediately distributable, within the meaning of the ELECTION PROCEDURES SECTION of Article VI, shall be deemed to be an election to defer the start of benefits sufficient to satisfy this section. 
 The Participant may elect to have benefits begin after the latest date for beginning benefits described above, subject to the following provisions of this
section. The Participant shall make the election in writing. Such election must be made before his Normal Retirement Date or the date he has a Severance from Employment, if later. The Participant shall not elect a date for beginning benefits or a
form of distribution that would result in a benefit payable when he dies which would be more than incidental within the meaning of governmental regulations. 
 Benefits shall begin on an earlier date if otherwise provided in the Plan. For example, the Participant’s Retirement Date or Required Beginning Date, as defined in the DEFINITIONS SECTION of Article VII.

  

	 	(b)	The Participant’s Vested Account that results from Elective Deferral Contributions and Qualified Nonelective Contributions may not be distributed earlier than Severance from
Employment (separation from service, for Plan Years beginning before January 1, 2002), death, or disability. Such amount may also be distributed upon: 

  

	 	(1)	Termination of the Plan, as permitted in Article VIII. 

  

	 	 (2)
	 The attainment of age 59 1/2 as permitted in the WITHDRAWAL BENEFITS SECTION of this article or in the definition of Normal Retirement Date in the DEFINITIONS SECTION of Article I. 

  

	 	(3)	The hardship of the Participant as permitted in the WITHDRAWAL BENEFITS SECTION of this article. 

 All distributions that may be made pursuant to one or more of the foregoing distributable events will be a retirement benefit and shall be distributed to
the Participant according to the distribution of benefits provisions of Article VI. In addition, distributions that are triggered by the termination of the Plan must be made in a lump sum. A lump sum shall include a distribution of an annuity
contract. 
 SECTION 5.05—WITHDRAWAL BENEFITS. 
 A Participant may withdraw any part of his Vested Account in the event he becomes Totally and Permanently Disabled. A Participant may make such a withdrawal at any time. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	50	 	ARTICLE V (5-19047)

 A Participant who has attained age 59 1/2 may withdraw any part of his Vested Account that results from
the following Contributions: 
 Elective Deferral Contributions 
 Matching Contributions 
 Qualified Nonelective Contributions 
 Rollover Contributions 
 Discretionary
Contributions 
 A Participant may make such a withdrawal at any time. 
 A Participant may withdraw any part of his Vested Account that results from the following Contributions: 
 Elective Deferral Contributions 
 Rollover Contributions 
 in the event of hardship due to an immediate and heavy financial need. Withdrawals from the Participant’s Account resulting from Elective Deferral Contributions shall be limited to the amount of the
Participant’s Elective Deferral Contributions. 
 For Plan Years beginning on or after January 1, 2006, immediate and heavy
financial need shall be limited to: (i) expenses incurred or necessary for medical care that would be deductible under Code Section 213(d) (determined without regard to whether the expenses exceed 7.5% of adjusted gross income);
(ii) the purchase (excluding mortgage payments) of a principal residence for the Participant; (iii) payment of tuition, related educational fees, and room and board expenses, for the next 12 months of post-secondary education for the
Participant, his spouse, children, or dependents (as defined in Code Section 152 without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)); (iv) payments necessary to prevent the eviction of the Participant from, or foreclosure on
the mortgage of, the Participant’s principal residence; (v) payments for funeral or burial expenses for the Participant’s deceased parent, spouse, child, or dependent (as defined in Code Section 152 without regard to Code
Section 152(d))1)(B)); (vi) expenses to repair damage to the Participant’s principal residence that would qualify for a casualty loss deduction under Code Section 165 (determined without regard to whether the loss exceeds 10% of
adjusted gross income); or (vii) any other distribution which is deemed by the Commissioner of Internal Revenue to be made on account of immediate and heavy financial need as provided in Treasury regulations. 
 For Plan Years beginning before January 1, 2006, immediate and heavy financial need shall be limited to: (i) expenses incurred or necessary for
medical care, described in Code Section 213(d), of the Participant, the Participant’s spouse, or any dependents of the Participant (as defined in Code Section 152, and for taxable years beginning on or after January 1, 2005,
without regard to Code Sections 152(b)(1), (b)(2), and (d)(1)(B)); (ii) the purchase (excluding mortgage payments) of a principal residence for the Participant; (iii) payment of tuition, related educational fees, and room and board
expenses, for the next 12 months of post-secondary education for the Participant, his spouse, children, or dependents (as defined in Code Section 152, and for taxable years beginning on or after January 1, 2005, without regard to Code
Sections 152(b)(1), (b)(2), and (d)(1)(B)); (iv) the need to prevent the eviction of the Participant from, or foreclosure on the mortgage of, the Participant’s principal residence; or (v) any other distribution which is deemed by the
Commissioner of Internal Revenue to be made on account of immediate and heavy financial need as provided in Treasury regulations. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	51	 	ARTICLE V (5-19047)

 No withdrawal shall be allowed which is not necessary to satisfy such immediate and heavy financial need.
Such withdrawal shall be deemed necessary only if all of the following requirements are met: (i) the distribution is not in excess of the amount of the immediate and heavy financial need (including amounts necessary to pay any Federal, state,
or local income taxes or penalties reasonably anticipated to result from the distribution); (ii) the Participant has obtained all distributions, other than hardship distributions, and all nontaxable loans currently available under all plans
maintained by the Employer; and (iii) the Plan, and all other plans maintained by the Employer, provide that the Participant’s elective contributions and participant contributions will be suspended for at least six months after receipt of
the hardship distribution. The Plan will suspend elective contributions and participant contributions for six months as provided in the preceding sentence. A Participant shall not cease to be an Eligible Participant, as defined in the EXCESS AMOUNTS
SECTION of Article III, merely because his elective contributions or participant contributions are suspended. 
 A request for withdrawal
shall be made in such manner and in accordance with such rules as the Employer will prescribe for this purpose (including by means of voice response or other electronic means under circumstances the Employer permits). Withdrawals shall be a
retirement benefit and shall be distributed to the Participant according to the distribution of benefits provisions of Article VI. A forfeiture shall not occur solely as a result of a withdrawal. 
 SECTION 5.06—LOANS TO PARTICIPANTS. 
 Loans shall
be made available to all Participants on a reasonably equivalent basis. For purposes of this section, and unless otherwise specified, Participant means any Participant or Beneficiary who is a party-in-interest as defined in ERISA. Loans shall not be
made to Highly Compensated Employees in an amount greater than the amount made available to other Participants. 
 A loan to a Participant
shall be a Participant-directed investment of his Account. The loan is a Trust Fund investment but no Account other than the borrowing Participant’s Account shall share in the interest paid on the loan or bear any expense or loss incurred
because of the loan. 
 The number of outstanding loans shall be limited to one. The minimum amount of any loan shall be $1,000. 

Loans must be adequately secured and bear a reasonable rate of interest. 
 The amount of the loan shall not exceed the maximum amount that may be treated as a loan under Code Section 72(p) (rather than a distribution) to
the Participant and shall be equal to the lesser of (a) or (b) below: 
  

	 	(a)	$50,000, reduced by the highest outstanding loan balance of loans during the one-year period ending on the day before the new loan is made. 

  

	 	(b)	The greater of (1) or (2), reduced by (3) below: 

  

	 	(1)	One-half of the Participant’s Vested Account. 

  

	 	(2)	$10,000. 

  

	 	(3)	Any outstanding loan balance on the date the new loan is made. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	52	 	ARTICLE V (5-19047)

 For purposes of this maximum, a Participant’s Vested Account does not include any accumulated deductible employee
contributions, as defined in Code Section 72(o)(5)(B), and all qualified employer plans, as defined in Code Section 72(p)(4), of the Employer and any Controlled Group member shall be treated as one plan. 
 The foregoing notwithstanding, the amount of such loan shall not exceed 50 percent of the amount of the Participant’s Vested Account. For purposes
of this maximum, a Participant’s Vested Account does not include any accumulated deductible employee contributions, as defined in Code Section 72(o)(5)(B). No collateral other than a portion of the Participant’s Vested Account (as
limited above) shall be accepted. 
 The Participant’s outstanding loan balance shall include any deemed distribution, along with
accrued interest, that has not been repaid (offset). 
 Each loan shall bear a reasonable fixed rate of interest to be determined by the Loan
Administrator. In determining the interest rate, the Loan Administrator shall take into consideration fixed interest rates currently being charged by commercial lenders for loans of comparable risk on similar terms and for similar durations, so that
the interest will provide for a return commensurate with rates currently charged by commercial lenders for loans made under similar circumstances. The Loan Administrator shall not discriminate among Participants in the matter of interest rates; but
loans granted at different times may bear different interest rates in accordance with the current appropriate standards. 
 The loan shall by
its terms require that repayment (principal and interest) be amortized in level payments, not less frequently than quarterly, over a period not extending beyond five years from the date of the loan. If the loan is used to acquire a dwelling unit,
which within a reasonable time (determined at the time the loan is made) will be used as the principal residence of the Participant, the repayment period may extend beyond five years from the date of the loan, but shall not be made for a period
longer than the repayment period consistent with commercial practices. 
 The Participant shall make an application for a loan in such manner
and in accordance with such rules as the Employer shall prescribe for this purpose (including by means of voice response or other electronic means under circumstances the Employer permits). The application must specify the amount and duration
requested. 
 Information contained in the application for the loan concerning the income, liabilities, and assets of the Participant will be
evaluated to determine whether there is a reasonable expectation that the Participant will be able to satisfy payments on the loan as due. Additionally, the Loan Administrator will pursue any appropriate further investigations concerning the
creditworthiness and credit history of the Participant to determine whether a loan should be approved. 
 Each loan shall be fully documented
in the form of a promissory note signed by the Participant for the face amount of the loan, together with interest determined as specified above. 
 There will be an assignment of collateral to the Plan executed at the time the loan is made. 
 In those cases where repayment
through payroll deduction is available, installments are so payable, and a payroll deduction agreement shall be executed by the Participant at the time the loan is made. If the Participant has previously been treated as having received a deemed
distribution and the subsequent loan is being made before the deemed distribution, along with accrued interest, has been repaid (or offset), a payroll deduction agreement shall be required for loans made on or after January 1, 2004. If a
payroll deduction agreement is required because of a previous deemed distribution and the Participant later revokes such 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	53	 	ARTICLE V (5-19047)

 
agreement, the outstanding loan balance at the time of the revocation shall be treated as a deemed distribution. Loan repayments that are accumulated through
payroll deduction shall be paid to the Trustee by the earlier of (i) the date the loan repayments can reasonably be segregated from the Employer’s assets, or (ii) the 15th business day of the month following the month in which such
amounts would otherwise have been paid in cash to the Participant. 
 Where payroll deduction is not available, payments in cash are to be
timely made. Any payment that is not by payroll deduction shall be made payable to the Employer or the Trustee, as specified in the promissory note, and delivered to the Loan Administrator, including prepayments, service fees and penalties, if any,
and other amounts due under the note. The Loan Administrator shall deposit such amounts into the Plan as soon as administratively practicable after they are received, but in no event later than the 15th business day of the month after they are
received. 
 The promissory note may provide for reasonable late payment penalties and service fees. Any penalties or service fees shall be
applied to all Participants in a nondiscriminatory manner. If the promissory note so provides, such amounts may be assessed and collected from the Account of the Participant as part of the loan balance. 
 Each loan may be paid prior to maturity, in part or in full, without penalty or service fee, except as may be set out in the promissory note. 

The Plan shall suspend loan payments for a period not exceeding one year during which an approved unpaid leave of absence occurs other than a military
leave of absence. The Loan Administrator shall provide the Participant a written explanation of the effect of the suspension of payments upon his loan. 
 If a Participant separates from service (or takes a leave of absence) from the Employer because of service in the military and does not receive a distribution of his Vested Account, the Plan shall suspend loan
payments until the Participant’s completion of military service or until the Participant’s fifth anniversary of commencement of military service, if earlier, as permitted under Code Section 414(u). The Loan Administrator shall provide
the Participant a written explanation of the effect of his military service upon his loan. 
 If any payment of principal and interest, or
any portion thereof, remains unpaid for more than 90 days after due, the loan shall be in default. For purposes of Code Section 72(p), the Participant shall then be treated as having received a deemed distribution regardless of whether or not a
distributable event has occurred. 
 Upon default, the Plan has the right to pursue any remedy available by law to satisfy the amount due,
along with accrued interest, including the right to enforce its claim against the security pledged and execute upon the collateral as allowed by law. The entire principal balance whether or not otherwise then due, along with accrued interest, shall
become immediately due and payable without demand or notice, and subject to collection or satisfaction by any lawful means, including specifically, but not limited to, the right to enforce the claim against the security pledged and to execute upon
the collateral as allowed by law. 
 In the event of default, foreclosure on the note and attachment of security or use of amounts pledged to
satisfy the amount then due shall not occur until a distributable event occurs in accordance with the Plan, and shall not occur to an extent greater than the amount then available upon any distributable event which has occurred under the Plan.

  

					
	RESTATEMENT DECEMBER 15, 2006	 	54	 	ARTICLE V (5-19047)

 All reasonable costs and expenses, including but not limited to attorney’s fees, incurred by the
Plan in connection with any default or in any proceeding to enforce any provision of a promissory note or instrument by which a promissory note for a Participant loan is secured, shall be assessed and collected from the Account of the Participant as
part of the loan balance. 
 If payroll deduction is being utilized, in the event that a Participant’s available payroll deduction
amounts in any given month are insufficient to satisfy the total amount due, there will be an increase in the amount taken subsequently, sufficient to make up the amount that is then due. If any amount remains past due more than 90 days, the entire
principal amount, whether or not otherwise then due, along with interest then accrued, shall become due and payable, as above. 
 If no
distributable event has occurred under the Plan at the time that the Participant’s Vested Account would otherwise be used under this provision to pay any amount due under the outstanding loan, this will not occur until the time, or in excess of
the extent to which, a distributable event occurs under the Plan. An outstanding loan will become due and payable in full 60 days after a Participant has a Severance from Employment and ceases to be a party-in-interest as defined in ERISA or after
complete termination of the Plan. 
 SECTION 5.07—DISTRIBUTIONS UNDER QUALIFIED DOMESTIC RELATIONS ORDERS. 
 The Plan specifically permits distributions to an Alternate Payee under a qualified domestic relations order as defined in Code Section 414(p), at
any time, irrespective of whether the Participant has attained his earliest retirement age, as defined in Code Section 414(p), under the Plan. A distribution to an Alternate Payee before the Participant has attained his earliest retirement age
is available only if the order specifies that distribution shall be made prior to the earliest retirement age or allows the Alternate Payee to elect a distribution prior to the earliest retirement age. 
 Nothing in this section shall permit a Participant to receive a distribution at a time otherwise not permitted under the Plan nor shall it permit the
Alternate Payee to receive a form of payment not permitted under the Plan. 
 The benefit payable to an Alternate Payee shall be subject to
the provisions of the SMALL AMOUNTS SECTION of Article X if the value of the benefit (disregarding the portion, if any, of the benefit resulting from the Participant’s Rollover Contributions) does not exceed $5,000. 
 The Plan Administrator shall establish reasonable procedures to determine the qualified status of a domestic relations order. Upon receiving a domestic
relations order, the Plan Administrator shall promptly notify the Participant and each Alternate Payee named in the order, in writing, of the receipt of the order and the Plan’s procedures for determining the qualified status of the order.
Within a reasonable period of time after receiving the domestic relations order, the Plan Administrator shall determine the qualified status of the order and shall notify the Participant and each Alternate Payee, in writing, of its determination.
The Plan Administrator shall provide notice under this paragraph by mailing to the individual’s address specified in the domestic relations order, or in a manner consistent with Department of Labor regulations. The Plan Administrator may treat
as qualified any domestic relations order entered before January 1, 1985, irrespective of whether it satisfies all the requirements described in Code Section 414(p). 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	55	 	ARTICLE V (5-19047)

 If any portion of the Participant’s Vested Account is payable during the period the Plan
Administrator is making its determination of the qualified status of the domestic relations order, a separate accounting shall be made of the amount payable. If the Plan Administrator determines the order is a qualified domestic relations order
within 18 months of the date amounts are first payable following receipt of the order, the payable amounts shall be distributed in accordance with the order. If the Plan Administrator does not make its determination of the qualified status of the
order within the 18-month determination period, the payable amounts shall be distributed in the manner the Plan would distribute if the order did not exist and the order shall apply prospectively if the Plan Administrator later determines the order
is a qualified domestic relations order. 
 The Plan shall make payments or distributions required under this section by separate benefit
checks or other separate distribution to the Alternate Payee(s). 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	56	 	ARTICLE V (5-19047)

 ARTICLE VI 
 DISTRIBUTION OF BENEFITS 
 SECTION 6.01—AUTOMATIC FORMS OF DISTRIBUTION. 
 Unless an optional form of benefit is selected pursuant to a qualified election within the election period (see the ELECTION PROCEDURES SECTION of this
article), the automatic form of benefit payable to or on behalf of a Participant is determined as follows: 
  

	 	(a)	Retirement Benefits. The automatic form of retirement benefit for a Participant who does not die before his Annuity Starting Date shall be a single sum payment.

  

	 	(b)	Death Benefits. The automatic form of death benefit for a Participant who dies before his Annuity Starting Date shall be a single sum payment to the Participant’s
Beneficiary. 

 SECTION 6.02—OPTIONAL FORMS OF DISTRIBUTION. 
  

	 	(a)	Retirement Benefits. The only form of retirement benefit for that portion of a Participant’s Account that is not held in the Self-Directed Brokerage Account is a single
sum payment. The optional forms of retirement benefit for that portion of a Participant’s Account that is held in the Self-Directed Brokerage Account are a single sum payment and a distribution in kind. 

 Election of an optional form is subject to the qualified election provisions of the ELECTION PROCEDURES SECTION of this article and the distribution
requirements of Article VII. 
  

	 	(b)	Death Benefits. The only form of death benefit is a single sum payment. 

 SECTION 6.03—ELECTION PROCEDURES. 
 The Participant shall make any election under this section in writing. The Plan
Administrator may require such individual to complete and sign any necessary documents as to the provisions to be made. Any election permitted under (a) and (b) below shall be subject to the qualified election provisions of (c) below.

  

	 	(a)	Retirement Benefits. A Participant may elect to have retirement benefits from that portion of his Account which is held in the Self-Directed Brokerage Account distributed
under any of the optional forms of retirement benefit available in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this article. 

  

	 	(b)	Death Benefits. A Participant may elect his Beneficiary. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	57	 	ARTICLE VI (5-19047)

	 	(c)	Qualified Election. The Participant may make an election at any time during the election period. The Participant may revoke the election made (or make a new election) at any
time and any number of times during the election period. An election is effective only if it meets the consent requirements below. 

  

	 	(1)	Election Period for Retirement Benefits. The Participant may make an election as to retirement benefits at any time before the Annuity Starting Date.

  

	 	(2)	Election Period for Death Benefits. A Participant may make an election as to death benefits at any time before he dies. 

  

	 	(3)	Consent to Election. If the Participant’s Vested Account (disregarding the portion, if any, of his Account resulting from Rollover Contributions) exceeds $5,000, any
benefit that is immediately distributable requires the consent of the Participant. 

 The consent of the Participant to a
benefit that is immediately distributable must not be made before the date the Participant is provided with the notice of the ability to defer the distribution. Such consent shall be in writing. 
 The consent shall not be made more than 90 days before the Annuity Starting Date. The consent of the Participant shall not be required to the extent that
a distribution is required to satisfy Code Section 401(a)(9) or 415. 
 In addition, upon termination of this Plan, if the Plan does not
offer an annuity option (purchased from a commercial provider), and if the Employer (or any entity within the same Controlled Group) does not maintain another defined contribution plan (other than an employee stock ownership plan as defined in Code
Section 4975(e)(7)), the Participant’s Account balance will, without the Participant’s consent, be distributed to the Participant. However, if any entity within the same Controlled Group maintains another defined contribution plan
(other than an employee stock ownership plan as defined in Code Section 4975(e)(7)) then the Participant’s Account will be transferred, without the Participant’s consent, to the other plan if the Participant does not consent to an
immediate distribution. 
 A benefit is immediately distributable if any part of the benefit could be distributed to the Participant before
the Participant attains the older of Normal Retirement Age or age 62. 
 Spousal consent is needed to name a Beneficiary other than the
Participant’s spouse. If the Participant names a Beneficiary other than his spouse, the spouse has the right to limit consent only to a specific Beneficiary. The spouse can relinquish such right. Such consent shall be in writing. The
spouse’s consent shall be witnessed by a plan representative or notary public. The spouse’s consent must acknowledge the effect of the election, including that the spouse had the right to limit consent only to a specific Beneficiary and
that the relinquishment of such right was voluntary. Unless the consent of the spouse expressly permits designations by the Participant without a requirement of further consent by the spouse, the spouse’s consent must be limited to the
Beneficiary, class of Beneficiaries, or contingent Beneficiary named in the election. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	58	 	ARTICLE VI (5-19047)

 Spousal consent is not required, however, if the Participant establishes to the satisfaction of the plan
representative that the consent of the spouse cannot be obtained because there is no spouse or the spouse cannot be located. A spouse’s consent under this paragraph shall not be valid with respect to any other spouse. A Participant may revoke a
prior election without the consent of the spouse. Any new election will require a new spousal consent, unless the consent of the spouse expressly permits such election by the Participant without further consent by the spouse. A spouse’s consent
may be revoked at any time within the Participant’s election period. 
 SECTION 6.04—NOTICE REQUIREMENTS. 
 Optional Forms of Retirement Benefit and Right to Defer. The Plan Administrator shall furnish to the Participant a written explanation of the
optional forms of retirement benefit in the OPTIONAL FORMS OF DISTRIBUTION SECTION of this article, including the material features and relative values of these options, in a manner that would satisfy the notice requirements of Code
Section 417(a)(3) and the right of the Participant to defer distribution until the benefit is no longer immediately distributable. 
 The Plan Administrator shall furnish the written explanation by a method reasonably calculated to reach the attention of the Participant no less than 30 days, and no more than 90 days, before the Annuity Starting Date. 
 However, distribution may begin less than 30 days after the notice described in this subparagraph is given, provided the Plan Administrator clearly
informs the Participant that he has a right to a period of at least 30 days after receiving the notice to consider the decision of whether or not to elect a distribution (and if applicable, a particular distribution option), and the Participant,
after receiving the notice, affirmatively elects a distribution. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	59	 	ARTICLE VI (5-19047)

 ARTICLE VII 
 REQUIRED MINIMUM DISTRIBUTIONS 
 SECTION 7.01—APPLICATION. 
 The optional forms of distribution are only those provided in Article VI. An optional form of distribution shall not be permitted unless it meets the
requirements of this article. The timing of any distribution must meet the requirements of this article. Unless otherwise specified, the provisions of this article apply to calendar years beginning after December 31, 2002. 
 SECTION 7.02—DEFINITIONS. 
 For purposes of this
article, the following terms are defined: 
 Designated Beneficiary means the individual who is designated by the Participant (or the
Participant’s surviving spouse) as the Beneficiary of the Participant’s interest under the Plan and who is the designated beneficiary under Code Section 401(a)(9) and section 1.401(a)(9)-4 of the regulations. 
 Distribution Calendar Year means a calendar year for which a minimum distribution is required. For distributions beginning before the
Participant’s death, the first Distribution Calendar Year is the calendar year immediately preceding the calendar year that contains the Participant’s Required Beginning Date. For distributions beginning after the Participant’s death,
the first Distribution Calendar Year is the calendar year in which distributions are required to begin under (b)(2) of the REQUIRED MINIMUM DISTRIBUTIONS SECTION of this article. The required minimum distribution for the Participant’s first
Distribution Calendar Year will be made on or before the Participant’s Required Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar
Year in which the Participant’s Required Beginning Date occurs, will be made on or before December 31 of that Distribution Calendar Year. 
 5-percent Owner means a Participant who is treated as a 5-percent Owner for purposes of this
article. A Participant is treated as a 5-percent Owner for purposes of this article if such Participant is a 5-percent owner as defined in Code Section 416 at any time during the Plan Year ending with or within the calendar year in which such
owner attains age 70 1/2. 
 Once distributions have begun to a 5-percent Owner under this article, they must continue to be distributed, even if the Participant ceases to be a 5-percent Owner in a subsequent year. 
 Life Expectancy means life expectancy as computed by use of the Single Life Table in Q&A-1 in section 1.401(a)(9)-9 of the regulations.

 Participant’s Account Balance means the Account balance as of the last Valuation Date in the calendar year immediately
preceding the Distribution Calendar Year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated to the Account as of dates in the valuation calendar year after the Valuation Date and
decreased by distributions made in the valuation calendar year after the Valuation Date. The Account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan either in the valuation calendar year or in the
Distribution Calendar Year if distributed or transferred in the valuation calendar year. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	60	 	ARTICLE VII (5-19047)

 Required Beginning Date means, for a
Participant who is a 5-percent Owner, April 1 of the calendar year following the calendar year in which he attains age 70 1/2. 
 Required Beginning Date means, for any Participant who is not a
5-percent Owner, April 1 of the calendar year following the later of the calendar year in which he attains age 70 1/2 or the
calendar year in which he retires. 
 The preretirement age 70 1/2 distribution option is only eliminated with respect to Participants who reach age 70 1/2 in or after a calendar year that begins after the later of December 31, 1998, or the adoption date of the amendment which eliminated such option. The preretirement
age 70 1/2 distribution option is an optional form of benefit under which benefits payable in a particular distribution form
(including any modifications that may be elected after benefits begin) begin at a time during the period that begins on or after January 1 of the calendar year in which the Participant attains age 70 1/2 and ends April 1 of the immediately following calendar year. 
 The options available for Participants who are not 5-percent Owners and attained age 70 1/2 in calendar years before the calendar year that begins after the later of December 31, 1998, or the adoption date of the
amendment which eliminated the preretirement age 70 1/2 distribution option shall be the following. Any such Participant
attaining age 70 1/2 in years after 1995 may elect by April 1 of the calendar year following the calendar year in which he
attained age 70 1/2 (or by December 31, 1997 in the case of a Participant attaining age 70 1
/2 in 1996) to defer distributions until April 1 of the calendar year following the calendar year in which he retires. Any such Participant attaining age
70 1/2 in years prior to 1997 may elect to stop distributions that are not purchased annuities and recommence by April 1 of
the calendar year following the calendar year in which he retires. There shall be a new Annuity Starting Date upon recommencement. 
 SECTION 7.03—REQUIRED MINIMUM DISTRIBUTIONS. 
  

	 	(a)	General Rules. 

  

	 	(1)	The requirements of this article shall apply to any distribution of a Participant’s interest and will take precedence over any inconsistent provisions of this Plan.

  

	 	(2)	All distributions required under this article shall be determined and made in accordance with the regulations under Code Section 401(a)(9) and the minimum distribution
incidental benefit requirement of Code Section 401(a)(9)(G). 

  

	 	(b)	Time and Manner of Distribution. 

  

	 	(1)	Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the Participant’s
Required Beginning Date. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	61	 	ARTICLE VII (5-19047)

	 	(2)	Death of Participant Before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed, or begin to
be distributed, no later than as follows: 

  

	 	(i)	If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, distributions to the surviving spouse will begin by December 31 of the
calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later, except to the extent that an election is made to
receive distributions in accordance with the 5-year rule. Under the 5-year rule, the Participant’s entire interest will be distributed to the Designated Beneficiary by December 31 of the calendar year containing the fifth anniversary of
the Participant’s death. 

  

	 	(ii)	If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, distributions to the Designated Beneficiary will begin by December 31 of
the calendar year immediately following the calendar year in which the Participant died, except to the extent that an election is made to receive distributions in accordance with the 5-year rule. Under the 5-year rule, the Participant’s entire
interest will be distributed to the Designated Beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(iii)	If there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest will be
distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(iv)	If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary and the surviving spouse dies after the Participant but before distributions to the
surviving spouse are required to begin, this (b)(2), other than (b)(2)(i), will apply as if the surviving spouse were the Participant. 

 For purposes of this (b)(2) and (d) below, unless (b)(2)(iv) above applies, distributions are considered to begin on the Participant’s Required Beginning Date. If (b)(2)(iv) above applies, distributions are
considered to begin on the date distributions are required to begin to the surviving spouse under (b)(2)(i) above. If distributions under an annuity purchased from an insurance company irrevocably commence to the Participant before the
Participant’s Required Beginning Date (or to the Participant’s surviving spouse before the date distributions are required to begin to the surviving spouse under (b)(2)(i) above), the date distributions are considered to begin is the date
distributions actually commence. 
  

	 	(3)	Forms of Distribution. Unless the Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the
Required Beginning Date, as of the first Distribution Calendar Year distributions will be made in accordance with (c) and (d) below. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance
company, distributions thereunder will be made in accordance with the requirements of Code Section 401(a)(9) and the regulations thereunder. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	62	 	ARTICLE VII (5-19047)

	 	(c)	Required Minimum Distributions During Participant’s Lifetime. 

  

	 	(1)	Amount of Required Minimum Distribution For Each Distribution Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each
Distribution Calendar Year is the lesser of: 

  

	 	(i)	the quotient obtained by dividing the Participant’s Account Balance by the distribution period in the Uniform Lifetime Table set forth in Q&A-2 in section 1.401(a)(9)-9 of
the regulations, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or 

  

	 	(ii)	if the Participant’s sole Designated Beneficiary for the Distribution Calendar Year is the Participant’s spouse, the quotient obtained by dividing the Participant’s
Account Balance by the number in the Joint and Last Survivor Table set forth in Q&A-3 in section 1.401(a)(9)-9 of the regulations, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s
birthdays in the Distribution Calendar Year. 

  

	 	(2)	Lifetime Required Minimum Distributions Continue Through Year of Participant’s Death. Required minimum distributions will be determined under this (c) beginning
with the first Distribution Calendar Year and continuing up to, and including, the Distribution Calendar Year that includes the Participant’s date of death. 

  

	 	(d)	Required Minimum Distributions After Participant’s Death. 

  

	 	(1)	Death On or After Date Distributions Begin. 

  

	 	(i)	Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a Designated Beneficiary, the minimum amount
that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the longer of the remaining Life Expectancy of the Participant
or the remaining Life Expectancy of the Participant’s Designated Beneficiary, determined as follows: 

  

	 	A.	The Participant’s remaining Life Expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

  

	 	B.	If the Participant’s surviving spouse is the Participant’s sole Designated Beneficiary, the remaining Life Expectancy of the surviving spouse is calculated for each
Distribution Calendar Year after the year of the Participant’s death using the surviving spouse’s age as of the spouse’s birthday in that year. For Distribution Calendar Years after the year of the surviving spouse’s death, the
remaining Life Expectancy of the surviving spouse is calculated using the age of the surviving spouse as of the spouse’s birthday in the calendar year of the spouse’s death, reduced by one for each subsequent calendar year.

  

					
	RESTATEMENT DECEMBER 15, 2006	 	63	 	ARTICLE VII (5-19047)

	 	C.	If the Participant’s surviving spouse is not the Participant’s sole Designated Beneficiary, the Designated Beneficiary’s remaining Life Expectancy is calculated using
the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. 

  

	 	(ii)	No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no Designated Beneficiary as of September 30 of the year after
the year of the Participant’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by
the Participant’s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

  

	 	(2)	Death Before Date Distributions Begin. 

  

	 	(i)	Participant Survived by Designated Beneficiary. If the Participant dies before the date distributions begin and there is a Designated Beneficiary, the minimum amount that
will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s Account Balance by the remaining Life Expectancy of the Participant’s Designated
Beneficiary, determined as provided in (d)(1) above, except to the extent that an election is made to receive distributions in accordance with the 5-year rule. Under the 5-year rule, the Participant’s entire interest will be distributed to the
Designated Beneficiary by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(ii)	No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year following
the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

 

	 	(iii)	Death of Surviving Spouse Before Distributions to Surviving Spouse Are Required to Begin. If the Participant dies before the date distributions begin, the Participant’s
surviving spouse is the Participant’s sole Designated Beneficiary, and the surviving spouse dies before distributions are required to begin to the surviving spouse under (b)(2)(i) above, this (d)(2) will apply as if the surviving spouse were
the Participant. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	64	 	ARTICLE VII (5-19047)

 ARTICLE VIII 
 TERMINATION OF THE PLAN 
 The Employer expects to continue the Plan indefinitely but reserves the
right to terminate the Plan in whole or in part at any time upon giving written notice to all parties concerned. Complete discontinuance of Contributions constitutes complete termination of the Plan. 
 The Account of each Participant shall be 100% vested and nonforfeitable as of the effective date of complete termination of the Plan. The Account of each
Participant who is included in the group of Participants deemed to be affected by the partial termination of the Plan shall be 100% vested and nonforfeitable as of the effective date of the partial termination of the Plan. The Participant’s
Vested Account shall continue to participate in the earnings credited, expenses charged, and any appreciation or depreciation of the Investment Fund until his Vested Account is distributed. 
 A Participant’s Vested Account that does not result from the Contributions listed below may be distributed to the Participant after the effective
date of the complete termination of the Plan: 
 Elective Deferral Contributions 
 Qualified Nonelective Contributions 
 A Participant’s
Vested Account resulting from such Contributions may be distributed upon complete termination of the Plan, but only if neither the Employer nor any Controlled Group member maintain another defined contribution plan (other than an employee stock
ownership plan as defined in Code Section 4975(e)(7) or 409(a), a simplified employee pension plan as defined in Code Section 408(k), a SIMPLE IRA plan as defined in Code Section 408(p), a plan or contract that satisfies the
requirements of Code Section 403(b), or a plan described in Code Section 457(b) or (f)) at any time during the period beginning on the date of complete termination of the Plan and ending 12 months after all assets have been distributed
from the Plan. Such distribution is made in a lump sum. A distribution under this article shall be a retirement benefit and shall be distributed to the Participant according to the provisions of Article VI. 
 The Participant’s entire Vested Account shall be paid in a single sum to the Participant as of the effective date of complete termination of the
Plan if (i) the requirements for distribution of Elective Deferral Contributions in the above paragraph are met and (ii) consent of the Participant is not required in the ELECTION PROCEDURES SECTION of Article VI to distribute a benefit
that is immediately distributable. This is a small amounts payment. The small amounts payment is in full settlement of all benefits otherwise payable. 
 Upon complete termination of the Plan, no more Employees shall become Participants and no more Contributions shall be made. 
 The assets of this Plan shall not be paid to the Employer at any time, except that, after the satisfaction of all liabilities under the Plan, any assets remaining may be paid to the Employer. The payment may not be
made if it would contravene any provision of law. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	65	 	ARTICLE VIII (5-19047)

 ARTICLE IX 
 ADMINISTRATION OF THE PLAN 
 SECTION 9.01—ADMINISTRATION. 
 Subject to the provisions of this article, the Plan Administrator has complete control of the administration of the Plan. The Plan Administrator has all
the powers necessary for it to properly carry out its administrative duties. Not in limitation, but in amplification of the foregoing, the Plan Administrator has complete discretion to construe or interpret the provisions of the Plan, including
ambiguous provisions, if any, and to determine all questions that may arise under the Plan, including all questions relating to the eligibility of Employees to participate in the Plan and the amount of benefit to which any Participant or Beneficiary
may become entitled. The Plan Administrator’s decisions upon all matters within the scope of its authority shall be final. 
 Unless
otherwise set out in the Plan or Annuity Contract, the Plan Administrator may delegate recordkeeping and other duties which are necessary to assist it with the administration of the Plan to any person or firm which agrees to accept such duties. The
Plan Administrator shall be entitled to rely upon all tables, valuations, certificates and reports furnished by the consultant or actuary appointed by the Plan Administrator and upon all opinions given by any counsel selected or approved by the Plan
Administrator. 
 The Plan Administrator shall receive all claims for benefits by Participants, former Participants and Beneficiaries. The
Plan Administrator shall determine all facts necessary to establish the right of any Claimant to benefits and the amount of those benefits under the provisions of the Plan. The Plan Administrator may establish rules and procedures to be followed by
Claimants in filing claims for benefits, in furnishing and verifying proofs necessary to determine age, and in any other matters required to administer the Plan. 
 SECTION 9.02—EXPENSES. 
 Expenses of the Plan, to the extent that the Employer does not pay such expenses, may be paid
out of the assets of the Plan provided that such payment is consistent with ERISA. Such expenses include, but are not limited to, expenses for bonding required by ERISA; expenses for recordkeeping and other administrative services; fees and expenses
of the Trustee or Annuity Contract; expenses for investment education service; and direct costs that the Employer incurs with respect to the Plan. Expenses that relate solely to a specific Participant or Alternate Payee may be assessed against such
Participant or Alternate Payee as provided in the service and expense agreement or such other documents duly entered into by or with regard to the Plan that govern such matters. 
 SECTION 9.03—RECORDS. 
 All acts and determinations of the Plan Administrator shall be duly
recorded. All these records, together with other documents necessary for the administration of the Plan, shall be preserved in the Plan Administrator’s custody. 
 Writing (handwriting, typing, printing), photostating, photographing, microfilming, magnetic impulse, mechanical or electrical recording, or other forms of data compilation shall be acceptable means of keeping
records. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	66	 	ARTICLE IX (5-19047)

 SECTION 9.04—INFORMATION AVAILABLE. 
 Any Participant in the Plan or any Beneficiary may examine copies of the Plan description, latest annual report, any bargaining agreement, this Plan, the
Annuity Contract, or any other instrument under which the Plan was established or is operated. The Plan Administrator shall maintain all of the items listed in this section in its office, or in such other place or places as it may designate in order
to comply with governmental regulations. These items may be examined during reasonable business hours. Upon the written request of a Participant or Beneficiary receiving benefits under the Plan, the Plan Administrator shall furnish him with a copy
of any of these items. The Plan Administrator may make a reasonable charge to the requesting person for the copy. 
 SECTION 9.05—CLAIM PROCEDURES.

 A Claimant must submit any necessary forms and needed information when making a claim for benefits under the Plan. 
 If a claim for benefits under the Plan is wholly or partially denied, the Plan Administrator shall provide adequate written notice to the Claimant whose
claim for benefits under the Plan has been denied. The notice must be furnished within 90 days of the date that the claim is received by the Plan without regard to whether all of the information necessary to make a benefit determination is received.
The Claimant shall be notified in writing within this initial 90-day period if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and
the date by which the Plan Administrator’s decision is expected to be rendered. In no event shall such extension exceed a period of 90 days from the end of the initial 90-day period. 
 The Plan Administrator’s notice to the Claimant shall: (i) specify the reason or reasons for the denial; (ii) reference the specific Plan
provisions on which the denial is based; (iii) describe any additional material and information needed for the Claimant to perfect his claim for benefits; (iv) explain why the material and information is needed; and (v) inform the
Claimant of the Plan’s appeal procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under ERISA section 502(a) following an adverse benefit determination on
appeal. 
 Any appeal made by a Claimant must be made in writing to the Plan Administrator within 60 days after receipt of the Plan
Administrator’s notice of denial of benefits. If the Claimant appeals to the Plan Administrator, the Claimant may submit written comments, documents, records, and other information relating to the claim for benefits. The Claimant shall be
provided, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the Claimant’s claim for benefits. The Plan Administrator shall review the claim taking into account all
comments, documents, records, and other information submitted by the Claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. 
 The Plan Administrator shall provide adequate written notice to the Claimant of the Plan’s benefit determination on review. The notice must be
furnished within 60 days of the date that the request for review is received by the Plan without regard to whether all of the information necessary to make a benefit determination on review is received. The Claimant shall be notified in writing
within this initial 60-day period if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan Administrator
expects to render the determination on review. In no event shall such extension exceed a period of 60 days from the end of the initial 60-day period. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	67	 	ARTICLE IX (5-19047)

 In the event the benefit determination is being made by a committee or board of trustees that hold
regularly scheduled meetings at least quarterly, the above paragraph shall not apply. The benefit determination must be made by the date of the meeting of the committee or board that immediately follows the Plan’s receipt of a request for
review, unless the request for review is filed within 30 days preceding the date of such meeting. In such case, the benefit determination must be made by the date of the second meeting following the Plan’s receipt of the request for review. The
date of the receipt of the request for review shall be determined without regard to whether all of the information necessary to make a benefit determination on review is received. The Claimant shall be notified in writing within this initial period
if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the committee or board expects to render the
determination on review. In no event shall such benefit determination be made later than the third meeting of the committee or board following the Plan’s receipt of the request for review. The Plan Administrator shall provide adequate written
notice to the Claimant of the Plan’s benefit determination on review as soon as possible, but not later than five days after the benefit determination is made. 
 If the claim for benefits is wholly or partially denied on review, the Plan Administrator’s notice to the Claimant shall: (i) specify the reason or reasons for the denial; (ii) reference the specific
Plan provisions on which the denial is based; (iii) include a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to
the Claimant’s claim for benefits; and (iv) include a statement of the Claimant’s right to bring a civil action under ERISA section 502(a). 
 A Claimant may authorize a representative to act on the Claimant’s behalf with respect to a benefit claim or appeal of an adverse benefit determination. Such authorization shall be made by completion of a form
furnished for that purpose. In the absence of any contrary direction from the Claimant, all information and notifications to which the Claimant is entitled shall be directed to the authorized representative. 
 The Plan Administrator shall perform periodic examinations, reviews, or audits of benefit claims to determine whether claims determinations are made in
accordance with the governing Plan documents and, where appropriate, Plan provisions have been consistently applied with respect to similarly situated Claimants. 
 Disability Claim Procedures. In the case of a claim for disability benefits, the above provisions will be modified as provided below. 
 If a claim for disability benefits under the Plan is wholly or partially denied, the Plan Administrator shall provide adequate written notice to the
Claimant whose claim for benefits under the Plan has been denied. The notice must be furnished within 45 days of the date that the claim is received by the Plan without regard to whether all of the information necessary to make a benefit
determination is received. The period for furnishing the notice may be extended for up to 30 days if the Plan Administrator both determines an extension is necessary due to matters beyond the control of the Plan and notifies the Claimant in writing
within this initial 45-day period. The notice shall indicate the circumstances requiring the extension of time and the date by which the Plan expects to render a decision. If prior to the end of the first 30-day extension period, the Plan
Administrator determines that, due to matters beyond the control of the Plan, a decision cannot be rendered within that extension period, the period may be extended for up to an additional 30 days, provided the Plan Administrator notifies the
Claimant in writing, within the first 30-day extension period, of the circumstances 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	68	 	ARTICLE IX (5-19047)

 
requiring the extension and the date by which the Plan expects to render a decision. In the case of any extension, the notice of extension shall specifically
explain the standards on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional information needed to resolve those issues. The Claimant shall be afforded at least 45 days within which
to provide the specified information. 
 In the event that a period of time is extended due to a Claimant’s failure to submit
information necessary to decide a claim, the period for making the benefit determination shall be tolled from the date on which the notification of the extension is sent to the Claimant until the date on which the Claimant responds to the request
for additional information. 
 The Plan Administrator’s notice to the Claimant shall: (i) specify the reason or reasons for the
denial; (ii) reference the specific Plan provisions on which the denial is based; (iii) describe any additional material and information needed for the Claimant to perfect his claim for benefits; (iv) explain why the material and
information is needed; (v) inform the Claimant of the Plan’s appeal procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to bring a civil action under ERISA section 502(a)
following an adverse benefit determination on appeal; (vi) provide the Claimant with any internal rule, guideline, protocol, or other similar criterion that was relied upon in making the adverse determination or a statement that such rule,
guideline, protocol, or other similar criterion was relied upon and a copy will be provided free of charge upon request; and (vii) provide the Claimant with an explanation of any scientific or clinical judgment for the determination if benefit
determination is based on a medical necessity or experimental treatment or similar exclusion or limit or a statement that the benefit is based on such an exclusion or limit and such explanation will be provided free of charge. 
 Any appeal made by a Claimant must be made in writing to the Plan Administrator within 180 days after receipt of the Plan Administrator’s notice of
denial of benefits. The Claimant may submit written comments, documents, records, and other information relating to the claim for benefits. The Claimant shall be provided, upon request and free of charge, reasonable access to, and copies of, all
documents, records, and other information relevant to the Claimant’s claim for benefits. The Plan Administrator shall review the claim taking into account all comments, documents, records, and other information submitted by the Claimant
relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The review shall not afford deference to the initial adverse benefit determination and shall be conducted by an
appropriate named fiduciary who is neither the individual who made the adverse benefit determination that is the subject of the appeal, nor the subordinate of such individual. If the adverse benefit determination is based in whole or in part on a
medical judgment, the appropriate named fiduciary shall consult with a health care professional who has appropriate training and experience in the field of medicine involved in the medical judgment. Such health care professional shall be an
individual who is neither an individual who was consulted in connection with the adverse benefit determination that is the subject of the appeal, nor the subordinate of such individual. The Claimant shall be provided with the identity of medical or
vocational experts whose advise was obtained on behalf of the Plan in connection with the adverse benefit determination, without regard to whether the advice was relied on. 
 The Plan Administrator shall provide adequate written notice to the Claimant of the Plan’s benefit determination on review. The notice must be
furnished within 45 days of the date that the request for review is received by the Plan without regard to whether all of the information necessary to make a benefit determination on review is received. The Claimant shall be notified in writing
within this initial 45-day period if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan Administrator
expects to render the determination on review. In no event shall such extension exceed a period of 45 days from the end of the initial 45-day period. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	69	 	ARTICLE IX (5-19047)

 In the event the benefit determination is being made by a committee or board of trustees that hold
regularly scheduled meetings at least quarterly, the above paragraph shall not apply. The benefit determination must be made by the date of the meeting of the committee or board that immediately follows the Plan’s receipt of a request for
review, unless the request for review is filed within 30 days preceding the date of such meeting. In such case, the benefit determination must be made by the date of the second meeting following the Plan’s receipt of the request for review. The
date of the receipt of the request for review shall be determined without regard to whether all of the information necessary to make a benefit determination on review is received. The Claimant shall be notified in writing within this initial period
if special circumstances require an extension of the time needed to process the claim. The notice shall indicate the special circumstances requiring an extension of time and the date by which the committee or board expects to render the
determination on review. In no event shall such benefit determination be made later than the third meeting of the committee or board following the Plan’s receipt of the request for review. The Plan Administrator shall provide adequate written
notice to the Claimant of the Plan’s benefit determination on review as soon as possible, but not later than five days after the benefit determination is made. 
 To the extent that a period of time is extended due to a Claimant’s failure to submit information necessary to decide a claim, the period for making the benefit determination on review shall be tolled from the
date on which the notification of the extension is sent to the Claimant until the date on which the Claimant responds to the request for additional information. 
 If the claim for disability benefits is wholly or partially denied on review, the Plan Administrator’s notice to the Claimant shall: (i) specify the reason or reasons for the denial; (ii) reference the
specific Plan provisions on which the denial is based; (iii) include a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records, and other information
relevant to the Claimant’s claim for benefits; (iv) include a statement of the Claimant’s right to bring a civil action under ERISA section 502(a); (v) provide the Claimant with any internal rule, guideline, protocol, or other
similar criterion that was relied upon in making the adverse determination or a statement that such rule, guideline, protocol, or other similar criterion was relied upon and a copy will be provided free of charge upon request; (vi) provide the
Claimant with an explanation of any scientific or clinical judgment for the determination if benefit determination is based on a medical necessity or experimental treatment or similar exclusion or limit or a statement that the benefit is based on
such an exclusion or limit and such explanation will be provided free of charge; and (vii) provide the Claimant with the following statement: “You and your plan may have other voluntary alternative dispute resolution options, such as
mediation. One way to find out what may be available is to contact your local U.S. Department of Labor Office and your State insurance regulatory agency.” 
 SECTION 9.06—DELEGATION OF AUTHORITY. 
 All or any part of the administrative duties and responsibilities under this
article may be delegated by the Plan Administrator to a retirement committee. The duties and responsibilities of the retirement committee shall be set out in a separate written agreement. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	70	 	ARTICLE IX (5-19047)

 SECTION 9.07—EXERCISE OF DISCRETIONARY AUTHORITY. 
 The Employer, Plan Administrator, and any other person or entity who has authority with respect to the management, administration, or investment of the
Plan may exercise that authority in its/his full discretion, subject only to the duties imposed under ERISA. This discretionary authority includes, but is not limited to, the authority to make any and all factual determinations and interpret all
terms and provisions of the Plan documents relevant to the issue under consideration. The exercise of authority will be binding upon all persons; will be given deference in all courts of law to the greatest extent allowed under law; and will not be
overturned or set aside by any court of law unless found to be arbitrary and capricious or made in bad faith. 
 SECTION 9.08—TRANSACTION PROCESSING.

 Transactions (including, but not limited to, investment directions, trades, loans, and distributions) shall be processed as soon as
administratively practicable after proper directions are received from the Participant or other parties. No guarantee is made by the Plan, Plan Administrator, Trustee, Insurer, or Employer that such transactions will be processed on a daily or other
basis, and no guarantee is made in any respect regarding the processing time of such transactions. 
 Notwithstanding any other provision of
the Plan, the Employer, the Plan Administrator, or the Trustee reserve the right to not value an investment option on any given Valuation Date for any reason deemed appropriate by the Employer, the Plan Administrator, or the Trustee. 
 Administrative practicality will be determined by legitimate business factors (including, but not limited to, failure of systems or computer programs,
failure of the means of the transmission of data, force majeure, the failure of a service provider to timely receive values or prices, and correction for errors or omissions or the errors or omissions of any service provider) and in no event will be
deemed to be less than 14 days. The processing date of a transaction shall be binding for all purposes of the Plan and considered the applicable Valuation Date for any transaction. 
 SECTION 9.09—VOTING AND TENDER OF SELF-DIRECTED BROKERAGE ACCOUNTS. 
 Rights of ownership of
securities held in the Self-Directed Brokerage Account, including voting rights, tender rights, and rights to exercise exchange offers, shall be passed through to the Participant with respect to whom the Self-Directed Brokerage Account was
established. These rights shall be exercised by the Participant through the mechanism (including the course of dealing and practices and procedures) established by the Trustee under the Trust Agreement for the exercise of such rights and in
accordance with the Self-Directed Brokerage Account documents. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	71	 	ARTICLE IX (5-19047)

 ARTICLE X 
 GENERAL PROVISIONS 
 SECTION 10.01—AMENDMENTS. 
 The Employer may amend this Plan at any time, including any remedial retroactive changes (within the time specified by Internal Revenue Service
regulations), to comply with any law or regulation issued by any governmental agency to which the Plan is subject. 
 An amendment may not
diminish or adversely affect any accrued interest or benefit of Participants or their Beneficiaries nor allow reversion or diversion of Plan assets to the Employer at any time, except as may be required to comply with any law or regulation issued by
any governmental agency to which the Plan is subject. 
 No amendment to this Plan shall be effective to the extent that it has the effect of
decreasing a Participant’s accrued benefit. However, a Participant’s Account may be reduced to the extent permitted under Code Section 412(c)(8). For purposes of this paragraph, a Plan amendment that has the effect of decreasing a
Participant’s Account with respect to benefits attributable to service before the amendment shall be treated as reducing an accrued benefit. Furthermore, if the vesting schedule of the Plan is amended, in the case of an Employee who is a
Participant as of the later of the date such amendment is adopted or the date it becomes effective, the nonforfeitable percentage (determined as of such date) of such Employee’s right to his employer-derived accrued benefit shall not be less
than his percentage computed under the Plan without regard to such amendment. 
 No amendment to the Plan shall be effective to eliminate or
restrict an optional form of benefit with respect to benefits attributable to service before the amendment except as provided in the MERGERS AND DIRECT TRANSFERS SECTION of this article and below: 
  

	 	(a)	The Plan is amended to eliminate or restrict the ability of a Participant to receive payment of his Account balance under a particular optional form of benefit and the amendment
provides a single sum distribution form that is otherwise identical to the optional form of benefit eliminated or restricted. A single sum distribution form is otherwise identical only if it is identical in all respects to the eliminated or
restricted optional form of benefit (or would be identical except that it provides greater rights to the Participant) except with respect to the timing of payments after commencement. 

  

	 	(b)	The Plan is amended to eliminate or restrict in-kind distributions and the conditions in Q&A- 2(b)(2)(iii) in section 1.411(d)-4 of the regulations are met.

 If, as a result of an amendment, an Employer Contribution is removed that is not 100% immediately vested when made, the
applicable vesting schedule shall remain in effect after the date of such amendment. The Participant shall not become immediately 100% vested in such Contributions as a result of the elimination of such Contribution except as otherwise specifically
provided in the Plan. 
 An amendment shall not decrease a Participant’s vested interest in the Plan. If an amendment to the Plan, or a
deemed amendment in the case of a change in top-heavy status of the Plan as provided in the MODIFICATION OF VESTING REQUIREMENTS SECTION of Article XI, changes the computation of the 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	72	 	ARTICLE X (5-19047)

 
percentage used to determine that portion of a Participant’s Account attributable to Employer Contributions which is nonforfeitable (whether directly or
indirectly), each Participant or former Participant 
  

	 	(c)	who has completed at least three Years of Service on the date the election period described below ends (five Years of Service if the Participant does not have at least one Hour of
Service in a Plan Year beginning after December 31, 1988) and 

  

	 	(d)	whose nonforfeitable percentage will be determined on any date after the date of the change 

 may elect, during the election period, to have the nonforfeitable percentage of his Account that results from Employer Contributions determined without regard to the amendment. This election may not be revoked. If
after the Plan is changed, the Participant’s nonforfeitable percentage will at all times be as great as it would have been if the change had not been made, no election needs to be provided. The election period shall begin no later than the date
the Plan amendment is adopted, or deemed adopted in the case of a change in the top-heavy status of the Plan, and end no earlier than the 60th day after the latest of the date the amendment is adopted (deemed adopted) or becomes effective, or the
date the Participant is issued written notice of the amendment (deemed amendment) by the Employer or the Plan Administrator. 
 SECTION 10.02—DIRECT
ROLLOVERS. 
 Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee’s election under
this section, a Distributee may elect, at the time and in the manner prescribed by the Plan Administrator, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct
Rollover. 
 In the event of a mandatory distribution of an Eligible Rollover Distribution greater than $1,000 in accordance with the SMALL
AMOUNTS SECTION of this article (or which is a small amounts payment under Article VIII at complete termination of the Plan), if the Participant does not elect to have such distribution paid directly to an Eligible Retirement Plan specified by the
Participant in a Direct Rollover or to receive the distribution directly, the Plan Administrator will pay the distribution in a Direct Rollover to an individual retirement plan designated by the Plan Administrator. 
 In the event of any other Eligible Rollover Distribution to a Distributee in accordance with the SMALL AMOUNTS SECTION of this article (or which is a
small amounts payment under Article VIII at complete termination of the Plan), if the Distributee does not elect to have such distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover or to receive
the distribution directly, the Plan Administrator will pay the distribution to the Distributee. 
 A mandatory distribution is a distribution
to a Participant that is made without the Participant’s consent and is made to the Participant before he attains the older of age 62 or his Normal Retirement Age. 
 SECTION 10.03—MERGERS AND DIRECT TRANSFERS. 
 The Plan may not be merged or consolidated with,
nor have its assets or liabilities transferred to, any other retirement plan, unless each Participant in this Plan would (if that plan then terminated) receive a benefit immediately after the merger, consolidation, or transfer which is equal to or
greater than the benefit the Participant would have been entitled to receive immediately before the merger, consolidation, or transfer (if this Plan had then terminated). The Employer may enter into merger agreements or direct transfer of assets

  

					
	RESTATEMENT DECEMBER 15, 2006	 	73	 	ARTICLE X (5-19047)

 
agreements with the employers under other retirement plans which are qualifiable under Code Section 401(a), including an elective transfer, and may
accept the direct transfer of plan assets, or may transfer plan assets, as a party to any such agreement. The Employer shall not consent to, or be a party to a merger, consolidation, or transfer of assets with a plan which is subject to the survivor
annuity requirements of Code Section 401(a)(11) if such action would result in a survivor annuity feature being maintained under this Plan. The Employer will not transfer any amounts attributable to elective deferral contributions, qualified
matching contributions, and qualified nonelective contributions unless the transferee plan provides that the limitations of section 1.401(k)-1(d) of the regulations shall apply to such amounts (including post-transfer earnings thereon), unless the
amounts could have been distributed at the time of the transfer (other than for hardship), and the transfer is an elective transfer described in Q&A-3(b)(1) in section 1.411(d)-4 of the regulations. 
 Notwithstanding any provision of the Plan to the contrary, to the extent any optional form of benefit under the Plan permits a distribution prior to the
Employee’s retirement, death, disability, or Severance from Employment, and prior to plan termination, the optional form of benefit is not available with respect to benefits attributable to assets (including the post-transfer earnings thereon)
and liabilities that are transferred, within the meaning of Code Section 414(l), to this Plan from a money purchase pension plan qualified under Code Section 401(a) (other than any portion of those assets and liabilities attributable to
voluntary employee contributions). The limitations of section 1.401(k)-1(d) of the regulations applicable to elective deferral contributions, qualified matching contributions, and qualified nonelective contributions shall continue to apply to any
amounts attributable to such contributions (including post-transfer earnings thereon) transferred to this Plan, unless the amounts could have been distributed at the time of the transfer (other than for hardship), and the transfer is an elective
transfer described in Q&A-3(b)(1) in section 1.411(d)-4 of the regulations. 
 The Plan may accept a direct transfer of plan assets on
behalf of an Eligible Employee. If the Eligible Employee is not an Active Participant when the transfer is made, the Eligible Employee shall be deemed to be an Active Participant only for the purpose of investment and distribution of the transferred
assets. Employer Contributions shall not be made for or allocated to the Eligible Employee, until the time he meets all of the requirements to become an Active Participant. 
 The Plan shall hold, administer, and distribute the transferred assets as a part of the Plan. The Plan shall maintain a separate account for the benefit
of the Employee on whose behalf the Plan accepted the transfer in order to reflect the value of the transferred assets. 
 Unless a transfer
of assets to the Plan is an elective transfer as described below, the Plan shall apply the optional forms of benefit protections described in the AMENDMENTS SECTION of this article to all transferred assets. 
 A Participant’s protected benefits may be eliminated upon transfer between qualified defined contribution plans if the conditions in Q&A-3(b)(1)
in section 1.411(d)-4 of the regulations are met. The transfer must meet all of the other applicable qualification requirements. 
 A
Participant’s protected benefits may be eliminated upon transfer between qualified plans (both defined benefit and defined contribution) if the conditions in Q&A-3(c)(1) in section 1.411(d)-4 of the regulations are met. Beginning
January 1, 2002, if the Participant is eligible to receive an immediate distribution of his entire nonforfeitable accrued benefit in a single sum distribution that would consist entirely of an eligible rollover distribution under Code
Section 401(a)(31), such transfer will be accomplished as a direct rollover under Code Section 401(a)(31). The rules applicable to distributions under the plan would apply to the transfer, but the transfer would not be treated as a
distribution for purposes of the minimum distribution requirements of Code Section 401(a)(9). 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	74	 	ARTICLE X (5-19047)

 SECTION 10.04—PROVISIONS RELATING TO THE INSURER AND OTHER PARTIES. 
 The obligations of an Insurer shall be governed solely by the provisions of the Annuity Contract. The Insurer shall not be required to perform any act not
provided in or contrary to the provisions of the Annuity Contract. Each Annuity Contract when purchased shall comply with the Plan. See the CONSTRUCTION SECTION of this article. 
 Any issuer or distributor of investment contracts or securities is governed solely by the terms of its policies, written investment contract,
prospectuses, security instruments, and any other written agreements entered into with the Trustee with regard to such investment contracts or securities. 
 Such Insurer, issuer or distributor is not a party to the Plan, nor bound in any way by the Plan provisions. Such parties shall not be required to look to the terms of this Plan, nor to determine whether the Employer,
the Plan Administrator, the Trustee, or the Named Fiduciary have the authority to act in any particular manner or to make any contract or agreement. 
 Until notice of any amendment or termination of this Plan or a change in Trustee has been received by the Insurer at its home office or an issuer or distributor at their principal address, they are and shall be fully
protected in assuming that the Plan has not been amended or terminated and in dealing with any party acting as Trustee according to the latest information which they have received at their home office or principal address. 
 SECTION 10.05—EMPLOYMENT STATUS. 
 Nothing
contained in this Plan gives an Employee the right to be retained in the Employer’s employ or to interfere with the Employer’s right to discharge any Employee. 
 SECTION 10.06—RIGHTS TO PLAN ASSETS. 
 An Employee shall not have any right to or interest in any
assets of the Plan upon termination of employment or otherwise except as specifically provided under this Plan, and then only to the extent of the benefits payable to such Employee according to the Plan provisions. 
 Any final payment or distribution to a Participant or his legal representative or to any Beneficiaries of such Participant under the Plan provisions
shall be in full satisfaction of all claims against the Plan, the Named Fiduciary, the Plan Administrator, the Insurer, the Trustee, and the Employer arising under or by virtue of the Plan. 
 SECTION 10.07—BENEFICIARY. 
 Each Participant may
name a Beneficiary to receive any death benefit that may arise out of his participation in the Plan. The Participant may change his Beneficiary from time to time. Unless a qualified election has been made, for purposes of distributing any death
benefits before the Participant’s Retirement Date, the Beneficiary of a Participant who has a spouse shall be the Participant’s spouse. The Participant’s Beneficiary designation and any change of Beneficiary shall be subject to the
provisions of the ELECTION PROCEDURES SECTION of Article VI. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	75	 	ARTICLE X (5-19047)

 It is the responsibility of the Participant to give written notice to the Plan Administrator of the name
of the Beneficiary on a form furnished for that purpose. The Plan Administrator shall maintain records of Beneficiary designations for Participants before their Retirement Dates. However, the Plan Administrator may delegate to another party the
responsibility of maintaining records of Beneficiary designations. In that event, the written designations made by Participants shall be filed with such other party. If a party other than the Insurer maintains the records of Beneficiary designations
and a Participant dies before his Retirement Date, such other party shall certify to the Insurer the Beneficiary designation on its records for the Participant. 
 If there is no Beneficiary named or surviving when a Participant dies, the Participant’s Beneficiary shall be the Participant’s surviving spouse, or where there is no surviving spouse, the executor or
administrator of the Participant’s estate. 
 SECTION 10.08—NONALIENATION OF BENEFITS. 
 Benefits payable under the Plan are not subject to the claims of any creditor of any Participant, Beneficiary or spouse. A Participant, Beneficiary or
spouse does not have any rights to alienate, anticipate, commute, pledge, encumber, or assign such benefits, except in the case of a loan as provided in the LOANS TO PARTICIPANTS SECTION of Article V. The preceding sentences shall also apply to the
creation, assignment, or recognition of a right to any benefit payable with respect to a Participant according to a domestic relations order, unless such order is determined by the Plan Administrator to be a qualified domestic relations order, as
defined in Code Section 414(p), or any domestic relations order entered before January 1, 1985. The preceding sentences shall not apply to any offset of a Participant’s benefits provided under the Plan against an amount the
Participant is required to pay the Plan with respect to a judgment, order, or decree issued, or a settlement entered into, on or after August 5, 1997, which meets the requirements of Code Sections 401(a)(13)(C) or (D). 
 SECTION 10.09—CONSTRUCTION. 
 The validity of the
Plan or any of its provisions is determined under and construed according to Federal law and, to the extent permissible, according to the laws of the state in which the Employer has its principal office. In case any provision of this Plan is held
illegal or invalid for any reason, such determination shall not affect the remaining provisions of this Plan, and the Plan shall be construed and enforced as if the illegal or invalid provision had never been included. 
 In the event of any conflict between the provisions of the Plan and the terms of any Annuity Contract issued hereunder, the provisions of the Plan
control. 
 SECTION 10.10—LEGAL ACTIONS. 
 No person employed by the Employer; no Participant, former Participant, or their Beneficiaries; nor any other person having or claiming to have an interest in the Plan is entitled to any notice of process. A final judgment entered in any
such action or proceeding shall be binding and conclusive on all persons having or claiming to have an interest in the Plan. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	76	 	ARTICLE X (5-19047)

 SECTION 10.11—SMALL AMOUNTS. 
 If consent of the Participant is not required for a benefit that is immediately distributable in the ELECTION PROCEDURES SECTION of Article VI, a Participant’s entire Vested Account shall be paid in a single sum
as of the earliest of his Retirement Date, the date he dies, or the date he has a Severance from Employment for any other reason (the date the Employer provides notice to the record keeper of the Plan of such event, if later). For purposes of this
section, if the Participant’s Vested Account is zero, the Participant shall be deemed to have received a distribution of such Vested Account. If a Participant would have received a distribution under the first sentence of this paragraph but for
the fact that the Participant’s consent was needed to distribute a benefit which is immediately distributable, and if at a later time consent would not be needed to distribute a benefit that is immediately distributable and such Participant has
not again become an Employee, such Vested Account shall be paid in a single sum. This is a small amounts payment. 
 If a small amounts
payment is made as of the date the Participant dies, the small amounts payment shall be made to the Participant’s Beneficiary. If a small amounts payment is made while the Participant is living, the small amounts payment shall be made to the
Participant. The small amounts payment is in full settlement of all benefits otherwise payable. 
 No other small amounts payments shall be
made. 
 SECTION 10.12—WORD USAGE. 
 The masculine gender, where used in this Plan, shall include the feminine gender and the singular words, where used in this Plan, shall include the plural, unless the context indicates otherwise. 
 The words “in writing” and “written,” where used in this Plan, shall include any other forms, such as voice response or other
electronic system, as permitted by any governmental agency to which the Plan is subject. 
 SECTION 10.13—CHANGE IN SERVICE METHOD. 

 

	 	(a)	Change of Service Method Under This Plan. If this Plan is amended to change the method of crediting service from the elapsed time method to the hours method for any purpose
under this Plan, the Employee’s service shall be equal to the sum of (1), (2), and (3) below: 

  

	 	(1)	The number of whole years of service credited to the Employee under the Plan as of the date the change is effective. 

  

	 	(2)	 One year of service for the computation period in which the change is effective if he is credited with the required number of Hours of Service. For that portion of
the computation period ending on the date of the change (for the first day of the computation period if the change is made on the first day of the computation period), the Employee will be credited with the greater of (i) his actual Hours of
Service or (ii) the number of Hours of Service that is equivalent to the fractional part of a year of elapsed time service credited as of the date of the change, if any. In determining the equivalent Hours of Service, the Employee shall be
credited with 190 Hours of Service for each month and any fractional part of a month in 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	77	 	ARTICLE X (5-19047)

	 	 
such fractional part of a year. The number of months and any fractional part of a month shall be determined by multiplying the fractional part of a year,
expressed as a decimal, by 12. For the remaining portion of the computation period (the period beginning on the second day of the computation period and ending on the last day of the computation period if the change is made on the first day of the
computation period), the Employee will be credited with his actual Hours of Service. 

  

	 	(3)	The Employee’s service determined under this Plan using the hours method after the end of the computation period in which the change in service method was effective.

 If this Plan is amended to change the method of crediting service from the hours method to the elapsed time method for any
purpose under this Plan, the Employee’s service shall be equal to the sum of (4), (5), and (6) below: 
  

	 	(4)	The number of whole years of service credited to the Employee under the Plan as of the beginning of the computation period in which the change in service method is effective.

  

	 	(5)	The greater of (i) the service that would be credited to the Employee for that entire computation period using the elapsed time method or (ii) the service credited to him
under the Plan as of the date the change is effective. 

  

	 	(6)	The Employee’s service determined under this Plan using the elapsed time method after the end of the applicable computation period in which the change in service method was
effective. 

  

	 	(b)	Transfers Between Plans with Different Service Methods. If an Employee has been a participant in another plan of the Employer that credited service under the elapsed time
method for any purpose that under this Plan is determined using the hours method, then the Employee’s service shall be equal to the sum of (1), (2), and (3) below: 

  

	 	(1)	The number of whole years of service credited to the Employee under the other plan as of the date he became an Eligible Employee under this Plan. 

  

	 	(2)	One year of service for the applicable computation period in which he became an Eligible Employee if he is credited with the required number of Hours of Service. For that portion of
such computation period ending on the date he became an Eligible Employee (for the first day of such computation period if he became an Eligible Employee on the first day of such computation period), the Employee will be credited with the greater of
(i) his actual Hours of Service or (ii) the number of Hours of Service that is equivalent to the fractional part of a year of elapsed time service credited as of the date he became an Eligible Employee, if any. In determining the
equivalent Hours of Service, the Employee shall be credited with 190 Hours of Service for each month and any fractional part of a month in such fractional part of a year. The number of months and any fractional part of a month shall be determined by
multiplying the fractional part of a year, expressed as a decimal, by 12. For the remaining portion of such computation period (the period beginning on the second day of such computation period and ending on the last day of such computation period
if he became an Eligible Employee on the first day of such computation period), the Employee will be credited with his actual Hours of Service. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	78	 	ARTICLE X (5-19047)

	 	(3)	The Employee’s service determined under this Plan using the hours method after the end of the computation period in which he became an Eligible Employee.

 If an Employee has been a participant in another plan of the Employer that credited service under the hours method for any
purpose that under this Plan is determined using the elapsed time method, then the Employee’s service shall be equal to the sum of (4), (5), and (6) below: 
  

	 	(4)	The number of whole years of service credited to the Employee under the other plan as of the beginning of the computation period under that plan in which he became an Eligible
Employee under this Plan. 

  

	 	(5)	The greater of (i) the service that would be credited to the Employee for that entire computation period using the elapsed time method or (ii) the service credited to him
under the other plan as of the date he became an Eligible Employee under this Plan. 

  

	 	(6)	The Employee’s service determined under this Plan using the elapsed time method after the end of the applicable computation period under the other plan in which he became an
Eligible Employee. 

 If an Employee has been a participant in a Controlled Group member’s plan that credited service
under a different method than is used in this Plan, in order to determine entry and vesting, the provisions in (b) above shall apply as though the Controlled Group member’s plan was a plan of the Employer. 
 Any modification of service contained in this Plan shall be applicable to the service determined pursuant to this section. 
 SECTION 10.14—MILITARY SERVICE. 
 Notwithstanding
any provision of this Plan to the contrary, the Plan shall provide contributions, benefits, and service credit with respect to qualified military service in accordance with Code Section 414(u). Loan repayments shall be suspended under this Plan
as permitted under Code Section 414(u). 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	79	 	ARTICLE X (5-19047)

 ARTICLE XI 
 TOP-HEAVY PLAN REQUIREMENTS 
 SECTION 11.01—APPLICATION. 
 The provisions of this article shall supersede all other provisions in the Plan to the contrary. The provisions of this article shall apply for purposes
of determining whether the Plan is a Top-heavy Plan for Plan Years beginning after December 31, 2001, and whether the Plan satisfies the minimum benefit requirements of Code Section 416(c) for such years. 
 For the purpose of applying the Top-heavy Plan requirements of this article, all members of the Controlled Group shall be treated as one Employer. The
term Employer, as used in this article, shall be deemed to include all members of the Controlled Group, unless the term as used clearly indicates only the Employer is meant. 
 The accrued benefit or account of a participant that results from deductible employee contributions shall not be included for any purpose under this
article. 
 The minimum vesting and contribution provisions of the MODIFICATION OF VESTING REQUIREMENTS and MODIFICATION OF CONTRIBUTIONS
SECTIONS of this article shall not apply to any Employee who is included in a group of Employees covered by a collective bargaining agreement which the Secretary of Labor finds to be a collective bargaining agreement between employee representatives
and one or more employers, including the Employer, if there is evidence that retirement benefits were the subject of good faith bargaining between such representatives. For this purpose, the term “employee representatives” does not include
any organization more than half of whose members are employees who are owners, officers, or executives. 
 SECTION 11.02—DEFINITIONS. 

For purposes of this article the following terms are defined: 
 Aggregation Group means: 
  

	 	(a)	each of the Employer’s qualified plans in which a Key Employee is a participant during the Plan Year containing the Determination Date (regardless of whether the plans have
terminated) or one of the four preceding Plan Years, 

  

	 	(b)	each of the Employer’s other qualified plans which allows the plan(s) described in (a) above to meet the nondiscrimination requirement of Code Section 401(a)(4) or
the minimum coverage requirement of Code Section 410, and 

  

	 	(c)	any of the Employer’s other qualified plans not included in (a) or (b) above which the Employer desires to include as part of the Aggregation Group. Such a qualified
plan shall be included only if the Aggregation Group would continue to satisfy the requirements of Code Sections 401(a)(4) and 410. 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	80	 	ARTICLE XI (5-19047)

 The plans in (a) and (b) above constitute the “required” Aggregation Group. The plans
in (a), (b), and (c) above constitute the “permissive” Aggregation Group. 
 Compensation means compensation as defined
in the CONTRIBUTION LIMITATION SECTION of Article III. 
 Determination Date means as to any plan, for any plan year subsequent to the
first plan year, the last day of the preceding plan year. For the first plan year of the plan, the Determination Date is the last day of that year. 
 Key Employee means any Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the Determination Date is: 
  

	 	(a)	an officer of the Employer having an annual Compensation greater than $130,000 (as adjusted under Code Section 416(i)(1) for Plan Years beginning after December 31, 2002),

  

	 	(b)	a 5-percent owner of the Employer, or 

  

	 	(c)	a 1-percent owner of the Employer having an annual Compensation of more than $150,000. 

 The determination of who is a Key Employee shall be made according to Code Section 416(i)(1) and the applicable regulations and other guidance of general applicability issued thereunder. 
 Nonkey Employee means any Employee who is not a Key Employee. 
 Top-heavy Plan means a plan that is top-heavy for any plan year. This Plan shall be top-heavy if any of the following conditions exist: 
  

	 	(a)	The Top-heavy Ratio for this Plan exceeds 60 percent and this Plan is not part of any required Aggregation Group or permissive Aggregation Group. 

  

	 	(b)	This Plan is a part of a required Aggregation Group, but not part of a permissive Aggregation Group, and the Top-heavy Ratio for the required Aggregation Group exceeds 60 percent.

  

	 	(c)	This Plan is a part of a required Aggregation Group and part of a permissive Aggregation Group and the Top-heavy Ratio for the permissive Aggregation Group exceeds 60 percent.

 Top-heavy Ratio means: 
  

	 	(a)	 If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan) and the Employer has not maintained any defined
benefit plan which during the five-year period ending on the Determination Date(s) has or has had accrued benefits, the Top-heavy Ratio for this Plan alone or for the required or permissive Aggregation Group, as appropriate, is a fraction, the
numerator of which is the sum of the account balances of all Key Employees as of the Determination Date(s) (including any part of any account balance distributed in the one-year period ending on the Determination Date(s) and distributions under a
terminated plan which if it had not been terminated would have been required to be included in the Aggregation Group), and the denominator of which is the sum of all account balances (including 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	81	 	ARTICLE XI (5-19047)

	 	 
any part of any account balance distributed in the one-year period ending on the Determination Date(s) and distributions under a terminated plan which if it
had not been terminated would have been required to be included in the Aggregation Group), both computed in accordance with Code Section 416 and the regulations thereunder. In the case of a distribution made for a reason other than Severance
from Employment, death, or disability, this provision shall be applied by substituting “five-year period” for “one-year period.” Both the numerator and denominator of the Top-heavy Ratio are increased to reflect any contribution
not actually made as of the Determination Date, but which is required to be taken into account on that date under Code Section 416 and the regulations thereunder. 

  

	 	(b)	If the Employer maintains one or more defined contribution plans (including any simplified employee pension plan) and the Employer maintains or has maintained one or more defined
benefit plans which during the five-year period ending on the Determination Date(s) has or has had accrued benefits, the Top-heavy Ratio for any required or permissive Aggregation Group, as appropriate, is a fraction, the numerator of which is the
sum of the account balances under the aggregated defined contribution plan or plans of all Key Employees determined in accordance with (a) above, and the present value of accrued benefits under the aggregated defined benefit plan or plans for
all Key Employees as of the Determination Date(s), and the denominator of which is the sum of the account balances under the aggregated defined contribution plan or plans for all participants, determined in accordance with (a) above, and the
present value of accrued benefits under the defined benefit plan or plans for all participants as of the Determination Date(s), all determined in accordance with Code Section 416 and the regulations thereunder. The accrued benefits under a
defined benefit plan in both the numerator and denominator of the Top-heavy Ratio are increased for any distribution of an accrued benefit made in the one-year period ending on the Determination Date (and distributions under a terminated plan which
if it had not been terminated would have been required to be included in the Aggregation Group). In the case of a distribution made for a reason other than Severance from Employment, death, or disability, this provision shall be applied by
substituting “five-year period” for “one-year period.” 

  

	 	(c)	For purposes of (a) and (b) above, the value of account balances and the present value of accrued benefits will be determined as of the most recent Valuation Date that
falls within or ends with the 12-month period ending on the Determination Date, except as provided in Code Section 416 and the regulations thereunder for the first and second plan years of a defined benefit plan. The account balances and
accrued benefits of a participant (i) who is not a Key Employee but who was a Key Employee in a prior year or (ii) who has not been credited with at least one hour of service with any employer maintaining the plan at any time during the
one-year period ending on the Determination Date will be disregarded. The calculation of the Top-heavy Ratio and the extent to which distributions, rollovers, and transfers are taken into account will be made in accordance with Code Section 416
and the regulations thereunder. Deductible employee contributions will not be taken into account for purposes of computing the Top-heavy Ratio. When aggregating plans, the value of account balances and accrued benefits will be calculated with
reference to the Determination Dates that fall within the same calendar year. 

 The accrued benefit of a participant other than
a Key Employee shall be determined under (i) the method, if any, that uniformly applies for accrual purposes under all defined benefit plans maintained by the Employer, or (ii) if there is no such method, as if such benefit accrued not
more rapidly than the slowest accrual rate permitted under the fractional rule of Code Section 411(b)(1)(C). 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	82	 	ARTICLE XI (5-19047)

 SECTION 11.03—MODIFICATION OF VESTING REQUIREMENTS. 
 If a Participant’s Vesting Percentage determined under Article I is not at least as great as his Vesting Percentage would be if it were determined
under a schedule permitted in Code Section 416, the following shall apply. During any Plan Year in which the Plan is a Top-heavy Plan, the Participant’s Vesting Percentage shall be the greater of the Vesting Percentage determined under
Article I or the schedule below. 
  

			
	 VESTING SERVICE
(whole years)
	  	NONFORFEITABLE
PERCENTAGE.
	 Less than 3
	  	0
	 3 or more
	  	100

 The schedule above shall not apply to Participants who are not credited with an Hour of Service
after the Plan first becomes a Top-heavy Plan. The Vesting Percentage determined above applies to the portion of the Participant’s Account that is multiplied by a Vesting Percentage to determine his Vested Account, including benefits accrued
before the effective date of Code Section 416 and benefits accrued before this Plan became a Top-heavy Plan. 
 If, in a later Plan
Year, this Plan is not a Top-heavy Plan, a Participant’s Vesting Percentage shall be determined under Article I. A Participant’s Vesting Percentage determined under either Article I or the schedule above shall never be reduced and the
election procedures of the AMENDMENTS SECTION of Article X shall apply when changing to or from the schedule as though the automatic change were the result of an amendment. 
 The part of the Participant’s Vested Account resulting from the minimum contributions required pursuant to the MODIFICATION OF CONTRIBUTIONS SECTION
of this article (to the extent required to be nonforfeitable under Code Section 416(b)) may not be forfeited under Code Section 411(a)(3)(B) or (D). 
 SECTION 11.04—MODIFICATION OF CONTRIBUTIONS. 
 During any Plan Year in which this Plan is a Top-heavy Plan, the Employer
shall make a minimum contribution as of the last day of the Plan Year for each Nonkey Employee who is an Employee on the last day of the Plan Year and who was an Active Participant at any time during the Plan Year. A Nonkey Employee is not required
to have a minimum number of Hours of Service or minimum amount of Compensation in order to be entitled to this minimum. A Nonkey Employee who fails to be an Active Participant merely because his Compensation is less than a stated amount or merely
because of a failure to make mandatory participant contributions or, in the case of a cash or deferred arrangement, elective contributions shall be treated as if he were an Active Participant. The minimum is the lesser of (a) or (b) below:

  

	 	(a)	3 percent of such person’s Compensation for such Plan Year. 

  

	 	(b)	 The “highest percentage” of Compensation for such Plan Year at which the Employer’s Contributions are made for or allocated to any Key Employee. The
highest percentage shall be determined by dividing the Employer Contributions made for or allocated to each Key Employee during the Plan Year by the amount of his Compensation for such Plan Year, and selecting the greatest quotient (expressed as a
percentage). To determine the highest percentage, all of the 

  

					
	RESTATEMENT DECEMBER 15, 2006	 	83	 	ARTICLE XI (5-19047)

	 	 
Employer’s defined contribution plans within the Aggregation Group shall be treated as one plan. The minimum shall be the amount in (a) above if
this Plan and a defined benefit plan of the Employer are required to be included in the Aggregation Group and this Plan enables the defined benefit plan to meet the requirements of Code Section 401(a)(4) or 410. 

 For purposes of (a) and (b) above, Compensation shall be limited by Code Section 401(a)(17). 
 If the Employer’s contributions and allocations otherwise required under the defined contribution plan(s) are at least equal to the minimum above,
no additional contribution shall be required. If the Employer’s total contributions and allocations are less than the minimum above, the Employer shall contribute the difference for the Plan Year. 
 The minimum contribution applies to all of the Employer’s defined contribution plans in the aggregate which are Top-heavy Plans. A minimum
contribution under a profit sharing plan shall be made without regard to whether or not the Employer has profits. 
 If a person who is
otherwise entitled to a minimum contribution above is also covered under another defined contribution plan of the Employer’s which is a Top-heavy Plan during that same Plan Year, any additional contribution required to meet the minimum above
shall be provided in this Plan. 
 If a person who is otherwise entitled to a minimum contribution above is also covered under a defined
benefit plan of the Employer’s that is a Top-heavy Plan during that same Plan Year, the minimum benefits for him shall not be duplicated. The defined benefit plan shall provide an annual benefit for him on, or adjusted to, a straight life basis
equal to the lesser of: 
  

	 	(c)	2 percent of his average compensation multiplied by his years of service, or 

  

	 	(d)	20 percent of his average compensation. 

 Average compensation and years
of service shall have the meaning set forth in such defined benefit plan for this purpose. 
 For purposes of this section, any employer
contribution made according to a salary reduction or similar arrangement shall not apply in determining if the minimum contribution requirement has been met, but shall apply in determining the minimum contribution required. Matching contributions,
as defined in Code Section 401(m), shall be taken into account for purposes of satisfying the minimum contribution requirements of Code Section 416(c)(2) and the Plan. Matching contributions that are used to satisfy the minimum
contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code Section 401(m). 
 The requirements of this section shall be met without regard to any Social Security contribution. 
  

					
	RESTATEMENT DECEMBER 15, 2006	 	84	 	ARTICLE XI (5-19047)

 By executing this Plan, the Primary Employer acknowledges having counseled to the extent necessary with
selected legal and tax advisors regarding the Plan’s legal and tax implications. 
 Executed this 29th day of December, 2006. 
  

			
	E*TRADE FINANCIAL CORPORATION
		
	By:	 	/s/ John A. Coy
		
		 	Vice President, Compensation & Benefits
		 	Title
		
		 	Defined Contribution Plan CL2005

  

					
	RESTATEMENT DECEMBER 15, 2006	 	85	 	PLAN EXECUTION (5-19047)
		 		 	Subtype Cycle 110218

 AMENDMENT NO. 1 
 E*TRADE 401(K) PLAN 
 The Plan named above gives the Employer the right to amend it at any time. According to that right,
the Plan is amended effective January 1, 2007, as follows: 
 By striking the 2nd paragraph of the ROLLOVER CONTRIBUTIONS SECTION of Article III and substituting with the following: 
 A Rollover Contribution shall be allowed in cash and must be made according to procedures set up by the Plan Administrator. 
 This amendment is made an integral part of the aforesaid Plan and is controlling over the terms of said Plan with respect to the particular items addressed expressly
herein. All other provisions of the Plan remain unchanged and controlling. 
 Unless otherwise stated on any page of this amendment, eligibility for benefits
and the amount of any benefits payable to or on behalf of an individual who is an Inactive Participant on the effective date(s) stated above, shall be determined according to the provisions of the aforesaid Plan as in effect on the day before he
became an Inactive Participant. 
 Signing this amendment, the Employer, as plan sponsor, has made the decision to adopt this plan amendment. The Employer is
acting in reliance on its own discretion and on the legal and tax advice of its own advisors, and not that of any member of the Principal Financial Group or any representative of a member company of the Principal Financial Group. 
 Signed this 5th day of January, 2007. 
  

			
	E*TRADE FINANCIAL CORPORATION
		
	By	 	 /s/ Kimberly Young

	
	 Sr Manager, Benefits

	 Title

  

					
	 Amendment No. 1
	 	1	 	 (5-19047)Exhibit 10.39

 Exhibit 10.39 
 EMPLOYMENT AGREEMENT 
 This Employment Agreement is made and entered into by and between E*TRADE Financial
Corporation (the “Company”) and Nick Utton (“Executive”) as of June 21, 2004. 
 (a) Position and Duties:
Executive shall be employed by the Company as its Chief Marketing Officer reporting to the Company President and Chief Operating Officer. As its Chief Marketing Officer, Executive agrees to devote his full business time, allergy and skill to his
duties at the Company. Executive’s duties and authority shall include au those duties and authority customarily performed by the Chief Marketing Officer. During the term of Executive’s employment, Executive shall be permitted to manage his
personal investments, be involved in charitable and professional activities and serve on boards of directors of for-profit entities, provided that the Board of Directors of the Company (the “Board’) has approved such for-profit board
service in writing, and only as such activities do not adversely affect the performance of Executive’s duties to the Company under this Agreement. Tithe Board requests Executive to resign from such board position at any time, Executive shall
resign immediately (subject to his fiduciary obligations). 
 2. Term of Employment: Executive’s employment with the Company will
be for no specified term, and may be terminated by Executive or the Company at any time with or without cause. Upon the termination of Executives employment for any reason, either Executive nor the Company shall have any further obligation or
liability under this Agreement to the other, except as set forth below. 
 3. Compensation: Executive shall be compensated by the
Company for his services as follows: 
 (a) Base Salary: As Chief Marketing Officer, Executive shall be paid 4 monthly Base Salary of
$37,500.00 ($450,00 on an annualized basis), subject to applicable withholding, in accordance with the Company’s normal payroll procedures. Executive’s salary shall be reviewed on at least an annual basis and maybe increased as
appropriate. In the event of such an increase, that amount shall become Executive’s Base salary. However Executive acknowledges that the Board of Directors may modify the compensation structure generally applicable to all of the Company’s
senior executives so that Base Salary is reduced but the Target Born’s (as defined below) is increased. Such a modification will not be considered prohibited by this provision nor will such a modification constitute an event of Good Reason (as
defined below), 
 (b) Benefits: Executive shall have the right, on the same basis as other senior executives of the Company, to
participate in and to receive benefits under any of the Company’s employee benefit and equity plans, as such plans may be modified from time to time. 
 (c) Performance Bonus: Executive shall have the opportunity to earn a performance bonus in accordance with the Company’s Performance Bonus Plan may be modified over time, Pursuant to the Performance Bonus
Plan, Executive will have a 

 
target bonus for meeting established performance objectives, The target bonus at the level of meeting these objectives (and not performing at a higher or
lower threshold) shall be expressed as a multiple of Executive’s Base Salary (the “Target Bonus”). Executive’s Target Bonus will be one times Executive’s Base Salary, and at the “exceeds” and “substantially
exceeds” levels, Executive will be eligible for a bonus payment equivalent to two times Base Salary. For the first year of employment, Executive will receive a guaranteed bonus payment of $550,000. This guaranteed payment will be for the first
year only, thereafter, any bonus payment will be made only if performance criteria set forth in the bonus program are met. 
 4. Equity
Compensation Grants: All equity compensation grants (including stock options and restricted stock) shall be governed by the terms of a stock option or restricted stock agreement setting forth the terms and conditions of the grant.
Notwithstanding any other provision to the contrary contained in any agreement evidencing any current or future stock option, restricted stock award or other Company stock-based award granted to Executive (and to the extent that such provisions are
not already contained in such agreements precisely as set forth hereunder), each such agreement shall incorporate this Agreement by reference and shall be deemed to include each of the additional provisions set forth below. The rights provided by
this Section 4 shall he in addition to any rights granted to Executive under any such agreement. 
 (a) Acceleration of Equity
Compensation Vesting Upon Non-Assumption. In the event of a Charge In Control, each Company stock option and restricted stock award granted to Executive, to the extent then outstanding, shall become fully vested and exercisable immediately prior
to but conditioned upon the consummation of the Change in Control, except to the extent that the surviving, continuing, successor, or purchasing entity or parent thereof, as the case may be (the “Acquiror”), (A) assumes or continues
in effect the Company’s rights and obligations under such option, (B) substitutes for such option a substantially equivalent option for the Acquiror’s stock or (C) replaces such option or restricted stock award with a cash
incentive program pursuant to which Executive is to be paid for each share of the Company’s common stock subject to such option or award immediately prior to the consummation of the Change in Control and in accordance with the same vesting
schedule applicable to such option or restricted stock award (including any subsequent acceleration of vesting determined under any other Section of this Agreement) an amount equal to the excess of the fair market value of the consideration paid by
the Acquiror for each share of the common stock of the Company outstanding immediately prior to the consummation of the Change in Control over the per share exercise price of such option. 
 (b) Acceleration of Equity Compensation Grant Vesting Upon Involuntary Termination During a Change in Control Period. If Executive’s
employment with the Company terminates as a result of an Involuntary Termination occurring during the Change in Control Period, then (A) each Company stock option granted to Executive, to the extent then outstanding, shall become fully vested
and exercisable in full as of the later of the date of Executive’s termination of employment or the last day following Executive’s execution of the Release on which Executive may revoke such Release under its terms and shall remain
exercisable in full until the first to occur of the expiration of a period of three months following the date on which Executive’s employment terminated or the expiration of such option’s term and (B) each 

 
restricted stock and other Company stock-based award ranted to Executive then outstanding shall, as of the later of Executive’s termination of
employment or the last day following Executive’s execution of the Release on which Executive may revoke such Release under its terms, become fully vested and cease to be subject to forfeiture. 
 (c) Acceleration of Equity Compensation Grant Vesting Upon Death. If Executive’s employment with the Company terminates due to
Executive’s death, then (A) each Company stock option granted to Executive, to the extent then outstanding, shall become fully vested and exercisable in full as of the date of Executive’s death and (B) each restricted stock and
other Company stock-based award granted to Executive then outstanding shall, as of the date of Executive’s death, become fully vested and cease to be subject to forfeiture. The equity grants shall be exercisable by the estate of the Executive
in accordance with the time periods and procedures set forth in the Company’s standard option agreement. 
 5. Effect of Termination
of Employment. 
 (a) Voluntary Termination Death or Disability. In the event of Executive’s voluntary termination from
employment with the Company (other than for Good Reason), or in the event that Executive’s employment terminates as a result of his death or disability, Executive shall be entitled to no compensation or benefits from the Company other than
those earned under Section 3 through the date of his termination (including any bonus that has been earned but not yet paid) and, in the case of each stock option, restricted stock award or other Company stock-based award granted to Executive, the
extent to which such awards are vested through the date of his termination or by consequence of death. 
 (b) Termination for Cause:
If Executive’s employment is terminated by the Company for Cause, Executive shall be entitled to no compensation or benefits from the Company other than those earned under Section 3 through the date of his termination and, in the case of
each stock option, restricted stock award or other Company stock-based award granted to Executive, the extent to which such awards are vested through the date of his termination. In the event that the Company terminates Executive’s employment
for Cause, the Company shall provide written notice to Executive of that fact (specifying the basis therefor) prior to, or concurrently with, the termination of employment. Failure to provide proper written notice that the Company contends that the
termination is for Cause shall constitute a waiver of any contention that the termination was for Cause, and the termination shall be irrebuttably presumed to be an Involuntary Termination. 
 (c) Involuntary Termination During Change in Control Period: If: (A) a Change in Control Period begins; and (B) Executive’s employment
with the Company terminates as a result of an Involuntary Termination occurring during the Change in Control Period, then, in addition to any other benefits described in this Agreement, Executive shall receive the following: 
 (i) all compensation and benefits earned under Section 3 through the date of Executive’s termination of employment, including any bonus that
has been earned but not yet paid plus a pro-rata share of the Target Bonus (presuming performance at the “meets expectations” level and no greater); 

 (ii) a lump sum payment equivalent to two years Base Salary (as it was in effect immediately prior to
the Change in Control); and 
 (iii) a lump sum payment equivalent to two year’s Target Bonus under the Performance Bonus Plan in
effect immediately prior to the year in which the Change in Control occurs, with the payment equivalent to the amount that would be paid if all performance targets were met (and not exceeded). 
 The amount payable to Executive under subsections (ii) and (iii), above, shall be paid to Executive in a lump sum within ten (10) business days following the
later of Executive’s termination of employment or the last day following Executive’s execution of the Release or on which Executive may revoke such Release under its terms. 
 (d) Equalization Payment: If: (A) a Change in Control Period begins on or before December 31, 2004; and (B) Executive’s
employment with the Company terminates as a result of an Involuntary Termination occurring during the Change in Control Period, then, in addition to the benefits described in subsection (c) or (d) above, the Company will also pay Executive
a tax equalization payment, which shall be in an amount which, when added to the other amounts payable, will place Executive in the same after-tax position as if the excise tax penalty of Section 4999 of the Internal Revenue Code of 1986, as
amended (the “Code”), or any successor statue of similar import, did not apply to any of the amounts payable under this Section 5 including any amount paid under this subsection (c) or (d). The amount of this tax equalization
payment shall be determined by Company’s independent accountants and shall be payable to Executive at the same time as the other severance payments under this Section 5. The Compensation Committee of the Board of Directors will review the
appropriateness of any such payment for each calendar year beginning on or after January 1, 2005 and will determine whether to maintain this provision by resolution adopted on or before December 31 of the preceding year. In the event no such
resolution is adopted, there will be no equalization payment. 
 (e) Involuntary Termination in the Absence of Change in Control: In
the event that Executive’s employment is terminated by the Company without Cause or by the Executive for Good Reason prior to the beginning of, or following the end of, a Change in Control Period then Executive shall receive the following
benefits: 
 (i) all compensation and benefits earned under Section 3 through the date of Executive’s termination of employment,
including any bonus that has been earned but not yet paid plus a pro-rata share of the Target Bonus (presuming performance at the “meets expectations” level and no greater); and 
 (ii) a lump sum payment equivalent to one year’s Base Salary; and 

 (iii) a lump sum payment equivalent to one year’s Target Bonus under the Company’s Performance
Bonus Plan as it is in effect at the time of the Involuntary Termination. 
 The amount payable to Executive under subsection (ii) above shall be paid
to Executive in a lump sum within ten (10) business days following the later of Executive’s termination of employment or the last day following Executive’s execution of the Release or on which Executive may revoke such Release under
its terms. 
 (e) Resignation from Positions: In the event that Executive’s employment with the Company is terminated for any
reason, on the effective date of the termination Executive shall simultaneously resign from each position he holds on the Board and/or the board of directors of any of the Company’s affiliated entities and any position Executive holds as an
officer of the Company or any of the Company’s affiliated entities. 
 6. Certain Definitions: For the purposes of this
Agreement, the following capitalized terms shall have the meanings set forth below: 
 (a) “Cause” shall mean any of the
following: 
 (i) Executive’s theft, dishonesty, willful misconduct, breach of fiduciary duty for personal profit, or material
falsification of any employment or Company records; 
 (ii) Executive’s willful violation of any law, rule, or regulation of a
regulatory or self-regulatory organization involving fraud, dishonesty or moral turpitude (other than traffic violations or similar offenses) or final cease-and-desist order or commission of an act that involves moral turpitude; 
 (iii) Executive’s intentional refusal to perform stated duties after written notice; 
 (iv) Executive’s intentional or reckless improper disclosure of the Company’s confidential or proprietary information; 
 (v) any material breach by Executive of the Company’s Code of Professional Conduct, which breach shall be deemed “material” if it results
from an intentional act by Executive, has a material detrimental effect on the Company’s reputation or business and is of a type that normally would result in a “cause” termination within the Company (regardless of whether there are
specific incidents of precedent for such termination); or 
 (vi) any material breach by Executive of this Agreement, which breach, if
curable, is not cured within thirty (30) days following written notice of such breach from the Company. 
  

 (b) “Change in Control” shall mean the occurrence of any of the following events:

 (i) any “person” (as such term is used in Sections 13(d) and 14(d) of the Securities Exchange Act of 1934, as amended) becomes
the “beneficial owner” (as defined in Rule 13d-3 under said Act), directly or indirectly, of securities of the Company representing more than fifty percent (50%) of the total combined voting power represented by the Company’s
then outstanding voting securities; 
 (ii) the Company is party to a merger or consolidation which results in the holders of the voting
securities of the Company outstanding immediately prior thereto failing to retain immediately after such merger or consolidation direct or indirect beneficial ownership of more than fifty percent (50%) of the total combined voting power of the
securities entitled to vote generally in the election of directors of the Company or the surviving entity outstanding immediately after such merger or consolidation; 
 (iii) a change in the composition of the Board occurring within a period of twenty-four (24) consecutive months, as a result of which fewer than a majority of the directors are Incumbent Directors; 
 (iv) effectiveness of an agreement for the sale, lease or disposition by the Company of all or substantially all of the Company’s assets; or

 (v) a liquidation or dissolution of the Company. 
 The Incumbent Directors shall have the right to determine whether multiple sales or exchanges of the voting stock of the Company, which, in the aggregate, would result in a Change of Control, are related, and its determination shall be
final, binding and conclusive. 
 (c) “Change in Control Period” shall mean the period commencing on the earlier of:
(i) sixty (60) days prior to the date of consummation of the Change in Control; (ii) the date of the first public announcement of a definitive agreement that would result in a Change in Control (even though still subject to approval by the
Company’s stockholders and other conditions and contingencies); or (iii) the date of the public announcement of a tender offer that is not approved by the Incumbent Directors and ending on the two year anniversary date of the consummation
of the Change in Control. 
 (d) “Good Reason” shall mean any of the following conditions: 
 (i) a decrease in Executive’s Base Salary and/or a decrease in Executive’s Target Bonus (as a multiple of Executive’s Base Salary) under
the Performance Bonus Plan or employee benefits; 
 (ii) a material, adverse change in Executive’s title, authority, responsibilities
or duties, as measured against Executive’s title, authority, responsibilities or 

 
duties immediately prior to such change. For purposes of this subsection, in addition to any other change in title, authority, responsibilities or duties,
the following changes shall constitute an event of “Good Reason”; (i) an individual who held a position in an independent, publicly held company prior to the Change in Control holds a position in a subsidiary company following the
Change in Control; and (ii) an individual who reported directly to the COO, CEO or Board of Directors of a publicly held company prior to the Change in Control reports to an individual or entity that is not, respectively, the COO, CEO or Board
of Directors of a publicly held company. 
 (iii) the relocation of Executive’s principle workplace to a location greater than fifty
(50) miles from the prior workplace; 
 (iv) any material breach by the Company of any provision of this Agreement, which breach is not
cured within thirty (30) days following written notice of such breach from Executive; 
 (v) any failure of the Company to obtain the
assumption of this Agreement by any successor or assign of the Company and to produce a written confirmation of that assumption after written request by Executive; or 
 (vi) any purported termination of Executive’s employment for “material breach of contract” which is purportedly effected without providing the “cure” period, if applicable, described in
Section 6(a)(vi), above. 
 (e) “Incumbent Directors” shall mean members of the Board who either (i) are members
of the Board as of the date hereof, or (ii) are elected, or nominated for election, to the Board with the affirmative vote of at least a majority of the Incumbent Directors at the time of such election or nomination (but shall not include an
individual whose election or nomination is in connection with an actual or threatened proxy contest relating to the election of members of the Board). 
 (f) “Involuntary Termination” shall mean the occurrence of either of the following: 
 (i)
termination by the Company of Executive’s employment with the Company for any reason other than Cause; or 
 (ii) Executive’s
resignation from employment for Good Reason within six (6) months following the occurrence of the event constituting Good Reason. 
 For the purposes of
any determination regarding the existence of Good Reason hereunder, any claim by Executive that Good Reason exists shall be presumed to be correct unless the Company establishes to the Board that Good Reason does not exist, and the Board, acting in
good faith within thirty days of receipt of a resignation letter from Executive, affirms such determination by a vote of not less than two-thirds of its entire membership, In the event that the Board disagrees with Executive’s purported Good
Reason, the matter shall be submitted to arbitration as provided 

 
in Section 11, below. The effective date of any Involuntary Termination shall be the date of notification to the Executive of the termination of
employment by the Company or the date of notification to the Company of the resignation from employment by the Executive for Good Reason. 
 (h) “Release” shall mean a general release of all known and unknown claims against the Company and its affiliates and their stockholders, directors, officers, Employees, agents, successors and assigns in substantially the
form attached hereto as Exhibit A. 
 7. Employee Inventions and Proprietary Rights Assignment Agreement; Insider Trading Policy:
Executive agrees to abide by the terms and conditions of the Company’s standard Employee Inventions and Proprietary Rights Assignment Agreement and the Company’s Insider Trading Policy, as it may be amended from time to tine. 

8. Agreement Not To Compete Unfairly; Return of Company Property: Executive agrees that in the event of his termination at any time and for any
reason, he shall not use any confidential or proprietary information of the Company to compete with the Company in any way. Upon termination of employment for any reason, Executive shall immediately deliver to the Company all documents, property,
and other records of the Company or any affiliate of the Company, and all copies thereof, within Executive’s possession, custody or control. 
 9. Non-Solicitation: Executive agrees that for a period of one year after the date of the termination of his employment for any reason, he shall not, either directly or indirectly, solicit the services, or attempt to solicit the
services, of any employee of the Company to any other person or entity, provided the foregoing shall not be violated by serving as a referral or by general advertising not specifically targeted at employees of the Company. 
 10. Indemnification: The Company shall indemnify and hold harmless the Executive to the fullest extent permitted by law against any claims, suits,
judgements or expenses (including advancement of legal fee) arising from any action or inaction with regard to Executive’s position with the Company and any affiliates and any fiduciary position taken at the request of the Company. This
provision shall continue to apply after termination of Executive’s employment with regard to acts or inacts prior thereto. 
 The Company shall cover
Executive both during and, to the extent liability continues to exist after employment under any directors and officers insurance policy it maintains at the same level and basis as it covers other officers and directors for actions or inactions
while employed as and officer or director of the Company and its affiliates and any fiduciary position taken at the request of the Company. 
 11. Dispute Resolution: In the event of any dispute or claim relating to or arising out of this Agreement (including, but not limited to, any claims of breach of contract, wrongful termination or age, sex, race or other
discrimination), Executive and the Company agree that all such disputes shall be fully and finally resolved by binding arbitration conducted by the American Arbitration Association in New York, New York in accordance with its National 

 
Employment Dispute Resolution rules and that such award may be entered in any court of competent jurisdiction. The parties acknowledge that by accepting this
arbitration provision Executive is waiving any right to a jury trial in the event of such dispute. In connection with any such arbitration, the Company shall bear all costs not otherwise born by a plaintiff in a court proceeding. 
 12. Attorneys’ Fees: The prevailing party, as determined by the arbitrator, may be entitled to recover from the losing party its
attorneys’ fees and costs incurred in any action brought to enforce any right arising out of this Agreement, provided that the Executive shall not be liable for the Company’s fees unless the arbitrator determines that the Executive’s
overall position was frivolous or taken in bad faith and further provided that the Company shall not be required to pay Executive’s fees unless an arbitrator determines that, considering all the facts and circumstances, such an award is fair
and equitable. 
 The Company will pay the reasonable attorneys’ fees incurred in the negotiation and preparation of this Agreement.

 13. General. 
 (a)
Successors and Assigns: The provisions of this Agreement shall inure to the benefit of and be binding upon the Company, Executive and each and all of their respective heirs, legal representatives, successors and assigns. The duties,
responsibilities and obligations of Executive under this Agreement shall be personal and not assignable or delegable by Executive in ay manner whatsoever to any person, corporation, partnership, firm, company, joint venture or other entity.
Executive may not assign, transfer, convey, mortgage, pledge or in any other manner encumber the compensation or other benefits to be received by him or any rights which be may have pursuant to the terms and provisions of this Agreement. The Company
may only assign this Agreement together with all or substantially all of the assets of the Company. 
 (b) Amendments; Waiver: No
provision of this Agreement shall be modified, waived or discharged unless the modification, waiver or discharge is agreed to in writing and signed by Executive and by an authorized officer of the Company. No waiver by either party of any breach of,
or of compliance with, any condition or provision of this Agreement by the other party shall be considered a waiver of any other condition or provision or of the same condition or provision at another time. 
 (c) Notices: Any notices to be given pursuant to this Agreement by either party to the other party may be effected by personal delivery or by
overnight delivery with receipt requested. Mailed notices shall be addressed to the parties at the addresses stated below, but each party may change its or his address by written notice to the other in accordance with this Paragraph. 
 Mailed notices to Executive shall be addressed to him on the last address shown on the Company’s records. 
  

 Mailed notices to the Company shall be addressed as follows: 
 E*TRADE Financial Corporation 
 671 North Glebe Road 
 Arlington, VA 22203 
 Attention: General Counsel 
 (d) Entire Agreement: This Agreement constitutes the entire employment agreement between Executive and the Company regarding the terms and conditions of his employment, with the exception of (i) the offer letter between the
Company and the Executive dated May 28, 2004; (ii) the agreement described in Section 7 and (iii) any stock option, restricted stock or other Company stock-based award agreements between Executive and the Company. This Agreement
(including the documents described in (i), (ii) and (iii) herein) supersedes all prior negotiations, representations or agreements between Executive and the Company, whether written or oral, concerning Executive’s employment by the
Company. 
 (e) Withholding Taxes: All payments made under this Agreement shall be subject to reduction to reflect taxes required to
be withheld by law. 
 (f) Counterparts: This Agreement may be executed by the Company and Executive in counterparts, each of which
shall be deemed an original and which together shall constitute one instrument. 
 (g) Headings: Each and all of the headings
contained in this Agreement are for reference purposes only and shall not in any manner whatsoever affect the construction or interpretation of this Agreement or be deemed a part of this Agreement for any purpose whatsoever. 
 (h) Savings Provision: To the extent that any provision of this Agreement or any paragraph, term, provision, sentence, phrase, clause or word of
this Agreement shall be found to be illegal or unenforceable for any reason, such paragraph, term, provision, sentence, phrase, clause or word shall be modified or deleted in such a manner as to make this Agreement, as so modified, legal and
enforceable under applicable laws. The remainder of this Agreement shall continue in full force and effect. 
 (i) Construction: The language of this Agreement and of each and every paragraph, term and provision of this Agreement shall, in all cases, for any and all purposes, and in any and all circumstances whatsoever
be construed as a whole, according to its fair meaning, not strictly for or against Executive or the Company, and with no regard whatsoever to the identity or status of any person or persons who drafted all or any portion of this Agreement.

 (j) Further Assurances: From time to time, at the Company’s request and without further consideration, Executive shall, at the
Company’s expense, execute and deliver such additional documents and take all such further action as reasonably requested by the Company to be necessary or desirable to make effective, in the most expeditious manner possible, the terms of this
Agreement. 
  

 (k) Governing Law: Executive and the Company agree that this Agreement shall be interpreted in
accordance with and governed by the laws of the State of New York. 
 IN WITNESS WHEREOF, the parties have executed this Agreement as of the
date and years written below. 
  

									
		 		 		 	E*TRADE Financial Corporation
					
	 Date:
	 	  
	 		 	By:	 	 /s/ Mitchell H. Caplan

		 		 		 		 	Mitchell H. Caplan
		 		 		 		 	Its: Chief Executive Officer
				
	Date:	 	 6/1/04
	 		 	 /s/ Nick Utton

		 		 		 	 Nick Utton

 CONFIDENTIAL SEPARATION AGREEMENT 
 AND GENERAL RELEASE OF CLAIMS 
 1. This Agreement is between Nick Utton (“Executive”)
and E*TRADE Financial Corporation (the “Company) and is effective as of the eighth day following its execution by Associate (the “Effective Date”). The parties hereby agree that Associate’s employment with the Company shall
terminate effective                              (the “Separation Date”). 
 2. In exchange for the release of claims set forth below, the Company agrees to provide Associate with the following benefits: 
 a. Within ten (10) business days following the later: the Separation Date or; (ii) the last day following Executive’s execution of the Release
or on which Executive may revoke such Release under its terms, the Company will pay Associate a lump sum payment equivalent to
                            . 
 On the Separation Date, Executive will be paid for all wage and accrued but unused vacation earned through the Separation Date. Executive will continue to participate in the Company’s group health insurance plans
through the final day of the month in which the Separation Date occurs, thereafter, Executive will be permitted to participate in such plans in accordance with federal COBRA law. Executive understands and acknowledges that he shall be entitled to no
benefits from the Company other than (i) those expressly set forth in this agreement, and (ii) any rights under any Company health, retirement welfare, bonus or other benefit plan, including but not limited to any equity compensation
rights that are vested as of the Separation Date (which rights shall continue to be governed by the agreement applicable to each grant [including any vesting provisions as provided in the employment agreement between the Company and Executive (the
“Employment Agreement”]). Executive understands and acknowledges that he shall be entitled to no benefits from the Company other than those expressly set forth in this paragraph with the exception of any rights to indemnification as
provided in the Company’s by-laws, insurance policies and section 10 of the Employment Agreement. 
 3. In exchange for the benefits described in
paragraph 2, above, Executive and his successors and assigns his release and absolutely discharge the Company and its subsidiaries and other affiliated entities, its shareholders, directors, Executives, agents, attorneys, legal successors and
assigns of and from any and all claims, actions and causes of action, whether now known or unknown, which Executive now has, or at any other time had, or shall or may have against the Company based upon or arising out of any matter, cause, fact,
thing, act or omission whatsoever occurring or existing at any time to and including the date hereof, including, but not limited to, any claims of wrongful discharge or age, sex, race, national origin, physical or mental disability, medical
condition sexual orientation or other discrimination under the federal Age Discrimination in Employment Act, the federal Americans with Disabilities Act, the federal Civil Rights Act of 1964, as amended, the federal Sarbanes-Oxley Act of 2002, the
New York Human Rights Act, the New York Labor Code or any other federal, state or local law. 

 5. Executive acknowledges and agrees that he shall continue to be bound by and comply with the terms of any
confidentiality or proprietary rights agreement between Associate and the Company, including the Executive Agreement re: Proprietary Rights and Arbitration of Employment Disputes. 
 6. Executive agrees that he shall not directly or indirectly disclose any of the terms of this Agreement to anyone other than his immediate family or counsel, except as such disclosure may be required for accounting
or tax reporting purposes or as otherwise may be required by law, or if this agreement becomes publicly filed. 
 7. Executive agrees that any dispute
relating to or arising out of Executive’s employment with the Company, this agreement or the Employment Agreement (including, but not limited to, any claims of breach of contract, wrongful termination or age, sex, race or other discrimination),
shall be fully and finally resolved as described in Sections 11 and 12 of the Employment Agreement. 
 8. This Agreement, the confidentiality agreement
referred to in paragraph 5, above, and any agreement concerning any stock options issued to Executive, constitute the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior negotiations and
agreements, whether written or oral. This Agreement may not be altered or amended except by a written document signed by Executive and the Company. 
 EXECUTIVE UNDERSTANDS THAT HE SHOULD CONSULT WITH AN ATTORNEY PRIOR TO SIGNING THIS AGREEMENT AND THAT HE IS GIVING UP ANY LEGAL CLAIMS HE HAS AGAINST THE COMPANY BY SIGNING THIS AGREEMENT. EXECUTIVE ACKNOWLEDGES THAT HE MAY HAVE UP TO 21
DAYS TO CONSIDER THIS AGREEMENT AND THAT HE MAY REVOKE THIS AGREEMENT AT ANY TIME DURING THE SEVEN DAYS FOLLOWING HIS EXECUTION OF THE AGREEMENT. ASSOCIATE IS SIGNING THIS AGREEMENT KNOWINGLY, WILLINGLY AND VOLUNTARILY IN EXCHANGE FOR THE BENEFITS
DESCRIBED IN PARAGRAPH 2. 
  

					
	Dated: 6/1/,2004	 	 /s/ Nick Utton

		 	 Nick Utton

		
	Dated:                     , 200    	 	E*TRADE Financial Corporation.
		
		 	  

		 	By:	 	Russ Elmer
		 	Its:	 	General Counsel

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