Document:

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                                                                   Exhibit 10.8b

                                FOURTH AMENDMENT
                                       TO
                                THE GEON COMPANY
                   SECTION 401(a)(17) BENEFIT RESTORATION PLAN
                          (JANUARY 1, 2000 RESTATEMENT)

          PolyOne Corporation hereby adopts this Fourth Amendment to The Geon
Company Section 401(a)(17) Benefit Restoration Plan (January 1, 2000
Restatement) (the "Plan") effective December 31, 2004. Words and phrases used
herein with initial capital letters that are defined in the Plan are used herein
as so defined.

                                       I.

          This Amendment is intended to (1) allow amounts "deferred" prior to
January 1, 2005 under Section 3.1 of the Plan to qualify for "grandfathered"
status and continue to be governed by the law applicable to nonqualified
deferred compensation prior to the addition of Section 409A of the Code (as
specified in the Plan as in effect before January 1, 2005), (2) temporarily
freeze Supplemental Restoration Benefits and Supplemental Preretirement
Surviving Spouse Death Benefits on December 31, 2004, and (3) allow amounts
"deferred" prior to January 1, 2005 under Sections 4.1 and 4.2 of the Plan and
the earnings credited thereon under Section 4.3 of the Plan to qualify for
"grandfathered" status and continue to be governed by the law applicable to
nonqualified deferred compensation prior to the addition of Section 409A of the
Code (as specified in the Plan as in effect before January 1, 2005).

                                       II.
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          The Plan is hereby amended by the addition of a new Section I-A
immediately following Section I thereof to read as follows:

                                  "SECTION I-A
                      AMERICAN JOBS CREATION ACT ("AJCA")

     1-A.1 To the extent applicable, it is intended that the Plan (including all
          Amendments thereto) comply with the provisions of Section 409A of the
          Code, as enacted by the American Jobs Creation Act of 2004, P.L.
          108-357 (the "AJCA"), so as to prevent the inclusion in gross income
          of any amount deferred hereunder in any taxable year that is prior to
          the taxable year or years in which such amount would otherwise be
          actually distributed or made available to the Directors. The Plan
          shall be administered in a manner that will comply with Section 409A
          of the Code including proposed, temporary or final regulations or any
          other guidance issued by the Secretary of the Treasury and the
          Internal Revenue Service with respect thereto (collectively with the
          AJCA, the "AJCA Guidance"). Any Plan provisions (including without
          limitation, those added or amended by the Fourth Amendment) that would
          cause the Plan to fail to satisfy Section 409A of the Code shall have
          no force and effect until amended to comply with Section 409A of the
          Code (which amendment may be retroactive to the extent permitted by
          the AJCA Guidance).

     1-A.2 The Committee shall not take any action that would violate any
          provision of Section 409A of the Code, including any proposed,
          temporary or final regulations or any other guidance issued by the
          Secretary of the Treasury and the Internal Revenue Service with
          respect thereto (collectively with the AJCA, the "AJCA Guidance"). The
          Committee is authorized to adopt rules or regulations deemed necessary
          or appropriate in connection with the AJCA Guidance to anticipate
          and/or comply with the requirements thereof (including any transition
          or grandfather rules thereunder).

     1-A.3 The effective date of this Fourth Amendment to the Plan is December
          31, 2004. This Amendment temporarily freezes Supplemental Restoration
          Benefits and Supplemental Preretirement Surviving Spouse Death
          Benefits under the Plan effective December 31, 2004, with the intent
          being that the Company will rescind the freeze upon issuance of the
          AJCA Guidance.

     1-A.4 Pursuant to the Third Amendment to the Plan, credits to Plan Accounts
          under Sections 4.1 and 4.2 of the Plan were permanently frozen
          effective May 31, 2003. The Company does not intent to rescind the
          freeze of credits to Plan Accounts under Sections 4.1 and 4.2.

     1-A.5 In furtherance of, but without limiting the foregoing:

          (a)  Any Supplemental Restoration Benefit or Supplemental
               Preretirement Surviving Spouse Death Benefit that is deemed to
               have been deferred
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               prior to January 1, 2005 and that qualifies for "grandfathered"
               status under Section 409A of the Code shall continue to be
               governed by the law applicable to nonqualified deferred
               compensation prior to the addition of Section 409A to the Code
               and shall be subject to the terms and conditions specified in the
               Plan as in effect prior to January 1, 2005. In particular, to the
               extent permitted under the AJCA Guidance, each Participant's
               Supplemental Restoration Benefit and each surviving spouse's
               Supplemental Preretirement Surviving Spouse Death Benefit that
               was accrued (and, only if required under the AJCA Guidance,
               vested) prior to January 1, 2005 shall be considered
               "grandfathered" under Section 409A of the Code and shall be paid
               under the terms of the Plan as in effect prior to January 1,
               2005.

          (b)  All credits to Plan Accounts under Sections 4.1 and 4.2 of the
               Plan that are deemed to have been deferred prior to January 1,
               2005 and that qualify for "grandfathered" status under Section
               409A of the Code shall continue to be governed by the law
               applicable to nonqualified deferred compensation prior to the
               addition of Section 409A to the Code and shall be subject to the
               terms and conditions specified in the Plan as in effect prior to
               January 1, 2005. In particular, to the extent permitted under the
               AJCA Guidance, all credits to Plan Accounts under Sections 4.1
               and 4.2 of the Plan and earnings thereon credited to Plan
               Accounts under Section 4.3 of the Plan shall be considered
               "grandfathered" under Section 409A of the Code and shall be paid
               under the terms of the Plan as in effect prior to January 1,
               2005."

                                      III.

          Section 3.1 of the Plan is hereby amended by the addition of the
following new paragraph at end thereof to read as follows:

     "Notwithstanding the foregoing or any other provision of the Plan to the
     contrary, all Supplemental Restoration Benefits and Supplemental
     Preretirement Surviving Spouse Death Benefits under the Plan are
     temporarily frozen as of December 31, 2004. In furtherance of, but without
     limiting the foregoing, a Participant shall not receive credit under this
     Plan for any eligible earnings that are earned after December 31, 2004
     (even if such eligible earnings are taken into account for purposes of
     determining Pension Plan Benefits hereunder). The Company intends that the
     Supplemental Restoration Benefits and Supplemental Preretirement Surviving
     Spouse Death Benefits that are accrued (and, only if required under the
     AJCA Guidance, vested) on or before December 31, 2004 will qualify for
     "grandfathered" status under the AJCA and will continue to be governed by
     the law applicable to nonqualified deferred compensation prior to the
     addition of Section 409A to the Code."
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                                       IV.

          Section 7.7 of the Plan is hereby amended in its entirety to read as
follows:

"7.7 Benefit Claims and Appeals Procedure.

     (a) Any Participant or beneficiary who believes that he is entitled to
     receive a benefit under the Plan which he has not received may file with
     the Committee a written claim specifying the basis for his claim and the
     facts upon which he relies in making such a claim. Such a claim must be
     signed by the claimant or his duly authorized representative (the
     "Claimant").

     (b) Whenever the Committee denies (in whole or in part), a claim for
     benefits filed by a Claimant, the Committee shall transmit a written notice
     of such decision to the Claimant, within 90 days after such claim was filed
     (plus an additional period of 90 days if required for processing, provided
     that notice of the extension of time is given to the Claimant within the
     first 90 day period). Such notice shall be written in a manner calculated
     to be understood by the Claimant and shall state (1) the specific reason(s)
     for the denial of the claim, (2) specific reference(s) to pertinent
     provisions of the Plan on which the denial of the claim was based, (3) a
     description of any additional material or information necessary for the
     Claimant to perfect the claim and an explanation of why such material or
     information is necessary, and (4) an explanation of the Plan's review
     procedures under Subsection (c) below and the time limits applicable to
     such procedures, including a statement of the Claimant's right to bring a
     civil action under Section 502(a) of the Employee Retirement Income
     Security Act of 1974, as amended ("ERISA") following an adverse benefit
     determination on review.

     (c) Within 60 days after the denial of his claim, the Claimant may request
     that the claim denial be reviewed by filing with the Committee a written
     request therefor. If such an appeal is not filed within this 60-day limit,
     the Claimant shall be deemed to have agreed with the Committee's denial of
     the claim. If such an appeal is so filed within such 60-days, a named
     fiduciary designated by the Committee shall (1) conduct a full and fair
     review of such claim and (2) mail or deliver to the Claimant a written
     decision on the matter based on the facts and pertinent provisions of the
     Plan within a period of 60 days after the receipt of the request for review
     unless special circumstances require an extension of time, in which case
     such decision shall be rendered not later than 120 days after receipt of
     such request. If an extension of time for review is required, written
     notice of the extension shall be furnished to the Claimant prior to the
     commencement of the extension. Such decision shall (1) be written in a
     manner calculated to be understood by the Claimant, (2) state the specific
     reason(s) for the decision, (3) make specific reference(s) to pertinent
     provisions of the Plan on which the decision is based and (4) to the extent
     permitted by applicable law, be final and binding on all interested
     persons. During such full review, the Claimant shall be
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     given an opportunity to review documents that are pertinent to the
     Claimant's claim and to submit issues and comments in writing. In addition,
     the notice of adverse determination shall also include statements that (1)
     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 (2) a
     statement of the Claimant's right to bring an action under Section 502(a)
     of ERISA."

     EXECUTED this 1st day of March, 2005.

                                        POLYONE CORPORATION

                                        By: /s/ Kenneth M. Smith
                                            ------------------------------------
                                            Kenneth M. Smith
                                            Vice President and
                                            Chief Human Resources Officer<PAGE>
                                                                  Exhibit 10.10b

                             AMENDMENT NO. 7 TO THE
                               POLYONE CORPORATION
                           DEFERRED COMPENSATION PLAN
                           FOR NON-EMPLOYEE DIRECTORS
                          (Effective December 9, 1993)
         (Amended February 1, 1996, November 6, 1996, November 4, 1998,
            August 2, 2000, September 6, 2000 and February 26, 2004)

          PolyOne Corporation hereby adopts this Amendment No. 7 to the PolyOne
Corporation Deferred Compensation Plan for Non-Employee Directors (Effective
December 9, 1993) (Amended February 1, 1996, November 6, 1996, November 4, 1998,
August 2, 2000, September 6, 2000 and February 26, 2004) (the "Plan") effective
January 1, 2005. Words and phrases used herein with initial capital letters that
are defined in the Plan are used herein as so defined.

                                       I.

          The Plan is hereby amended by the addition of the following new
Article I-A, immediately following Article I thereof to read as follows:

                                  "ARTICLE I-A
                           AMERICAN JOBS CREATION ACT

          1-A.1 To the extent applicable, it is intended that the Plan
     (including all Amendments thereto) comply with the provisions of Section
     409A of the Code, as enacted by the American Jobs Creation Act of 2004,
     P.L. 108-357 (the "AJCA"), so as to prevent the inclusion in gross income
     of any amount deferred hereunder in a taxable year that is prior to the
     taxable year or years in which such amount would otherwise be actually
     distributed or made available to the Directors. The Plan shall be
     administered in a manner that will comply with Section 409A of the Code
     including proposed, temporary or final regulations or any other guidance
     issued by the Secretary of the Treasury and the Internal Revenue Service
     with respect thereto (collectively with the AJCA, the "AJCA Guidance"). Any
     Plan provisions (including, without limitation, those added or amended by
     Amendment No. 7) that would cause the Plan to fail to satisfy Section 409A
     of the Code shall have no force and effect until amended to comply with
     Section 409A of the Code (which amendment may be retroactive to the extent
     permitted by the AJCA Guidance).

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<PAGE>
          1-A.2 The Committee shall not take any action that would violate any
     provision of Section 409A of the Code. The Committee is authorized to adopt
     rules or regulations deemed necessary or appropriate in connection with the
     AJCA Guidance to anticipate and/or comply with the requirements thereof
     (including any transition or grandfather rules thereunder)."

                                       II.

          That portion of Section 2.2 of the Plan that precedes the colon (:) is
hereby amended to read as follows:

     ""Change in Control" for purposes of Post-2004 Accounts shall mean any of
     the following events that constitute a Change in Control Event within the
     meaning of the AJCA Guidance and for purposes of Grandfathered Accounts
     shall mean any of the following events"

                                      III.

          Section 3.1 of the Plan is hereby amended in its entirety to read as
follows:

          "3.1 Election to Defer.  At any time designated by the Committee
     before the beginning of a taxable year (the "Election Period"), a Director
     may elect to defer receipt of the compensation payable to him or her for
     services as a Director during the taxable year. Such election shall be made
     on an election form specified by the Committee (the "Election Form").
     Notwithstanding the foregoing, with respect to the first taxable year in
     which a person becomes a Director, such Director may, within 30 days of
     becoming a Director, make an election to defer compensation payable to him
     or her in such taxable year for services as a Director subsequent to the
     election. Each Director's election to defer receipt of compensation shall
     indicate the portion of the Director's compensation to be invested in an
     interest-bearing account and the portion of such compensation to be
     invested in Common Stock."

                                       IV.

          The first sentence of Section 3.3 of the Plan is hereby amended to
read as follows:

     "A Director may terminate or amend his or her election to defer receipt of
     compensation by written notice delivered to the Committee during the
     Election Period prior to the commencement of the taxable year with respect
     to which such compensation will be earned."

                                        2
<PAGE>
                                       V.

          The first sentence of Section 5.1 of the Plan is hereby amended to
read as follows:

          "The Company shall establish and maintain two separate Deferred
     Compensation Accounts (each an "Account") for each Director who elects to
     defer compensation under the Plan: (a) the "Grandfathered Account" for
     amounts that are "deferred" (as such term is defined in the AJCA Guidance)
     as of December 31, 2004 (and earnings thereon) and (b) the "Post-2004
     Account" for amounts that are deferred after December 31, 2004 (and
     earnings thereon)."

                                       VI.

          Section 6.1 of the Plan is hereby amended in its entirety to read as
follows:

          "6.1 Time of Payment.  Payment of the amount credited to a Director's
     Grandfathered Account shall commence upon a date which is not more than
     thirty days after the earlier of (i) the attainment of the date specified
     (not younger than age 55) in his Election Form or (ii) upon a Change in
     Control. Payment of the amount credited to a Director's Post-2004 Account
     shall commence upon a date which is not more than thirty days after the
     earlier of (i) as elected by the Director in his Election Form, the
     attainment of a specified age (not younger than age 55), the date of
     separation from service as such term is defined in AJCA Guidance, or a
     specified date, (ii) the death of the Director or (iii) upon a Change in
     Control."

                                      VII.

          Section 6.2 of the Plan is hereby amended in its entirety to read as
follows:

          "6.2 Method of Payment.

               (a) Grandfathered Account.

                    (1) Amounts Deferred Prior to January 1, 1996. The amount
     credited to a Director's Grandfathered Account shall be paid, in whole or
     in part, to the Director in a lump sum and/or in annual installments over a
     period of not more than ten years as specified in each Director's Election
     Form. Grandfathered Accounts shall be paid in kind, in cash, or shares of
     Common Stock, as credited to the Grandfathered Account.

                                        3
<PAGE>
                    (2) Amounts Deferred From and After January 1, 1996. The
     amount credited to a Director's Grandfathered Account shall be paid, in
     whole or in part, to the Director in a lump sum and/or in annual
     installments over a period of not more than ten years as specified in each
     Director's Election Form. A Director may elect to change his or her
     original payment period election, as specified in such Director's Election
     Form; provided, that (i) such change is approved by the Committee, and (ii)
     the election to change is made at least 18 months prior to the date
     specified in the electing Director's Election Form on which payment of the
     amount credited to the Director's Grandfathered Account is to commence, and
     such election to change shall apply to all of the Director's entire
     Grandfathered Account. In the event that a Director who makes an election
     to change is a member of the Committee, such Director shall abstain from
     the Committee's determination of whether or not to approve the change.
     Grandfathered Accounts shall be paid in kind, in cash, or shares of Common
     Stock, as credited to the Grandfathered Account.

               (b) Post-2004 Account. The amount credited to a Director's
     Post-2004 Account shall be paid, in whole or in part, to the Director in a
     lump sum and/or in annual installments over a period of not more than ten
     years as specified in each Director's Election Form. A Director who has
     elected to receive a lump sum payment of his Post-2004 Account may elect to
     change his or her payment election to annual installments, as specified in
     such Director's Election Form; provided, that, unless otherwise permitted
     in accordance with Section 409A of the Code, (i) the election to change is
     made at least 12 months prior to the date on which payment of the amount
     credited to the Director's Post-2004 Account is to commence, (ii) the first
     payment under such election will be made no less than 5 years from the
     original date on which payment of the amount credited to the Director's
     Post-2004 Account is to commence and (iii) such election to change shall
     apply to the Director's entire Post-2004 Account. If an election to change
     an original payment election is not timely made, or for any reason is not
     effective, amounts credited to the Director's Post-2004 Account will
     automatically be paid to the Director in the form(s) elected on the last
     effective Election Form(s) or, if none, in the form of a lump sum payment.
     Post-2004 Accounts shall be paid in kind, in cash, or shares of Common
     Stock, as credited to the Post-2004 Account."

                                      VIII.

          Section 6.3 of the Plan is hereby amended in its entirety to read as
follows:

          "6.3 Other Payments.

          (a) Hardship Distribution. Prior to the time a Director's
     Grandfathered Account becomes payable, the Committee, in its sole
     discretion, may elect to distribute all or a portion of the Director's
     Grandfathered Account in the event the such Director requests a
     distribution on account of severe financial hardship. For purposes of this
     Plan, severe financial hardship shall be deemed to exist in the event the
     Committee determines that a Director needs a distribution to meet immediate
     and heavy financial needs resulting from

                                        4
<PAGE>
     a sudden or unexpected illness or accident of the Director or a member of
     his or her family, loss of the Director's property due to casualty, or
     other similar extraordinary and unforeseeable circumstances arising as a
     result of events beyond the control of the Director. A distribution based
     on financial hardship shall not exceed the amount required to meet the
     immediate financial need created by the hardship. The amount of a
     Director's Grandfathered Account shall be reduced by the amount of any
     hardship distribution to the Director.

          (b) Unforeseeable Emergency Distribution. Notwithstanding the
     foregoing provisions of this Article VI, the Committee may at any time,
     upon written request of a Director, cause to be paid to such Director, an
     amount equal to all or any part of the Director's Post-2004 Account if the
     Committee determines, based on such reasonable evidence that it shall
     require, that such a payment is necessary for the purpose of alleviating
     the consequences of an Unforeseeable Emergency. Payments of amounts because
     of an Unforeseeable Emergency may not exceed the amount necessary to
     satisfy the Unforeseeable Emergency plus amounts necessary to pay taxes
     reasonably anticipated as a result of the distribution after taking into
     account the extent to which the Unforeseeable Emergency is or may be
     relieved through reimbursement or compensation by insurance or otherwise by
     liquidation of the Director's assets (to the extent the liquidation of such
     assets would not itself cause severe financial hardship). For purposes of
     this Plan, Unforeseeable Emergency shall mean an event which results in a
     severe financial hardship to the Director resulting from (a) an illness or
     accident of the Director, the Director's spouse or a dependent of the
     Director, (b) loss of the Director's property due to casualty or (c) other
     similar extraordinary and unforeseeable circumstances as a result of events
     beyond the control of the Director. The amount of a Director's Post-2004
     Account shall be reduced by the amount of any unforeseeable emergency
     distribution to the Director."

                                       IX.

          The first sentence of Section 6.4 of the Plan is hereby amended to
read as follows:

          "Upon the death of a Director, the amount credited to his or her
     Account shall be paid to the beneficiary or beneficiaries designated by him
     or her. For purposes of a Director's Post-2004 Account, upon the death of a
     Director, distribution shall be made in a manner that does not violate
     Section 409A of the Code."

          EXECUTED this 1st day of March, 2005.

                                        POLYONE CORPORATION

                                        By: /s/ Kenneth M. Smith
                                            ------------------------------------
                                            Kenneth M. Smith
                                            Vice President and
                                            Chief Human Resources Officer

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