Document:

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                                                                  Exhibit(10)(k)

                            THE LUBRIZOL CORPORATION

                     Deferred Compensation Plan For Officers

                          (Amended as of June 28, 2004)

1. Purpose. The purpose of this Deferred Compensation Plan For Officers (the
"Plan") is to permit an officer (as identified by the Company for Section 16
purposes under the Securities Exchange Act of 1934) (sometimes hereinafter
referred to as "officer" or as the "Participant") of The Lubrizol Corporation
(the "Company"), who wishes, to defer a portion of such officer's compensation
as provided in the Plan. Notwithstanding any provision to the contrary, for
purposes of this Plan, an "officer" or "Participant" does not include any
employee of Noveon, Inc. or its affiliates.

2. Administration. The Plan shall be administered by the Organization and
Compensation Committee of the Board of Directors of the Company (the
"Committee"). The Committee's interpretation and construction of all provisions
of the Plan shall be binding and conclusive upon all Participants and their
heirs and/or successors.

3. Right to Defer Compensation.

      (a)   An officer of the Company may, at any time prior to January 1 of a
given calendar year, elect, for one or more future successive calendar years, to
defer under the Plan a pre-selected amount of such officer's cash compensation,
including bonus, which such officer may thereafter be entitled to receive for
services performed during such elected calendar year or years.

      (b)   The election under this Section 3 shall take effect on the first day
of the calendar year following the date on which the election is made and such
election shall be irrevocable for any elected calendar year after such elected
calendar year shall have commenced.

      (c)   An officer may elect to defer all or part of one or more of the
following:

            (i)   a fixed dollar amount or percentage of the officer's bi-weekly
                  base salary;

            (ii)  a fixed dollar amount or percentage of the officer's quarterly
                  pay;

            (iii) a fixed dollar amount or percentage of the officer's
                  participation in the performance pay plan, if any.

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            (iv)  a fixed dollar amount or percentage of the officer's
                  participation in the long term incentive plan, if any.

            (v)   a fixed number of shares or percentage of the officer's stock
                  compensation in the performance share program.

            (vi)  a fixed number of shares or percentage of the officer's stock
                  compensation in the long term incentive program, if any.

            (vii) a fixed number of shares or percentage of the officer's stock
                  compensation pursuant to an employment agreement dated as of
                  January 1, 2003;

provided, however, that the actual amount deferred will be the elected amount
less any applicable withholding taxes.

      (d)   Notwithstanding paragraphs (a), (b) and (c), where an officer first
becomes eligible to participate in the Plan, the newly eligible officer may make
the election under this Section 3 to defer the specified compensation for
services to be performed subsequent to the election and for the remainder of the
calendar year in which the election under this Section 3 is made provided such
election is made within 30 days after the date the officer first becomes
eligible.

      (e)   Within such periods of time as the Committee shall designate, and in
addition to the provisions of paragraphs (a) through (d), an officer may elect
to defer that portion or all of the officer's cash and/or stock compensation (i)
described in paragraph (c) and/or (ii) any other plan or program that provides
for cash or stock compensation, to the extent that such amounts would otherwise
be nondeductible by the Company pursuant to Section 162(m) of the Internal
Revenue Code of 1986, as amended. For purposes of the preceding sentence, the
amount to be deferred with respect to any compensation plans payable in Company
shares shall be determined by taking into consideration any fixed cash
compensation (including biweekly and quarterly pay) to be received subsequent to
the date on which shares are distributable under such program. Notwithstanding
any other provision of this Plan, deferrals under this paragraph (e) shall be
distributable only upon termination of employment in accordance with Section 6.

      (f)   All elections under this Plan shall be made by written notice
delivered to the Vice President, Human Resources, of the Company specifying (i)
the number of calendar years, one or more, during which the election shall
apply, (ii) the portion, if any, determined under paragraph (c), of each
category of the Participant's compensation to be deferred for such year or
years, as described above, (iii) the time of distribution, and (iv) if,
applicable, the payment option as provided in Section 6 for distributions upon
termination of employment.

      (g)   A Participant may designate that the deferral election under this
Section 3 shall remain in effect until the Participant, on a prospective basis,
withdraws the election or changes the amount to be deferred. Any notice of the

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withdrawal of the deferral election or change of amount to be deferred shall be
effective on the first day of the calendar year following the date on which such
notice is given to the Company's Vice President, Human Resources; provided that,
such notice shall not change, alter or terminate the deferral of the officer's
participation in the performance pay plan for the year in which such notice of
withdrawal is given which, except for the deferral, would be payable in the
calendar year following the date on which such notice of withdrawal is given.

      (h)   Notwithstanding paragraph (f) and the first sentence of paragraph
(g), any compensation earned after the end of the first month in which a
Participant under this Plan no longer is an officer of the Company, as defined
in Section 1, but continues to be employed by the Company, shall not be
deferred, provided however, the balance in the Participant's Deferral Accounts
shall continue to be held and administered pursuant to the Plan.

4. Deferral of Cash Compensation.

      (a)   On the date the cash compensation deferred under the Plan would have
become payable to the Participant in the absence of an election under the Plan
to defer payment thereof, the amount of such deferred compensation shall be
credited to a Stock Deferral Account and/or any of the Cash Deferral Account
investment portfolios designated as available by the Committee from time to
time. All Deferral Accounts shall be established and maintained for each
Participant in the Company's accounting books and records and the Company shall
be under no obligation to purchase any investments designated by the
Participant. To the extent that, at the time amounts are credited to a
Participant's Deferral Accounts, any federal, state or local payroll withholding
tax applies (e.g., Medicare withholding tax), the Participant shall be
responsible for the payment of such amount to the Company and the Company shall
promptly remit such amount to the proper taxing authority. Notwithstanding the
foregoing, any cash compensation deferred under Section 3(c)(iv) shall be
credited to the fixed income fund in the Cash Deferral Account and shall not be
eligible for transfer to any other investments.

      (b)   Participant's Cash Deferral Accounts shall be credited with any
gains or losses equal to those generated as if the Participant's Cash Deferral
Account balances had been invested in the applicable investment portfolio(s)
selected by the Participant

      (c)   A Participant's deferred cash compensation credited to a
Participant's Stock Deferral Account shall be used to determine the number of
full and fractional units ("Units") representing Company Common Shares
("Shares") which the deferred amount would purchase at the closing price for the
Shares on the New York Stock Exchange ("NYSE") composite transactions reporting
system on the date that the deferred amount is credited pursuant to paragraph
(a) and if Shares were not traded on that date on the NYSE, then such
computation shall be made as of the first preceding day on which Shares were so
traded. The Company shall credit the Participant's Stock Deferral Account with
the number of full and fractional Units so determined. A

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Participant's Stock Deferral Account shall be administered in accordance with
Section 5(b) through (e).

      (d)   A Participant may elect pursuant to rules established by the
Committee to transfer a portion or all of the balance of any Deferral Account
established under this Section 4 to any other such Deferral Account.

      (e)   Notwithstanding the foregoing, and other than cash deferrals under
Section 3(c)(iv), a Participant may elect to have any portion or all of the
Participant's cash deferrals credited to any of the Deferral Accounts listed in
paragraph (a) and may transfer balances in accordance with paragraph (d)
provided that the Participant is considered, in the judgment of the Chief
Executive Officer of the Company, to be on plan to meet the Participant's
Company Share ownership guideline. Otherwise, a Participant must elect that at
least 50% of any cash deferral hereunder (other than cash deferred under Section
3(c)(iv)) be credited to a Stock Deferral Account and may not transfer any
portion of the balance of the Stock Deferral Account to another Deferral
Account.

5. Deferral of Stock Compensation.

      (a)   At the time that Shares are distributable to a Participant, who has
elected to defer the receipt thereof under Section 3(c) or (e), in lieu of
Shares being issued, there shall be credited to a separate Stock Deferral
Account for the Participant, full stock equivalent units ("Units') which shall
be established and maintained on the Company's records. One Unit shall be
allocated to the Stock Deferral Account for each such Share. The balance of a
Stock Deferral Account established under this Section 5(a) pursuant to deferrals
under Section 3(c)(v), (vi) or (vii) may not be transferred to any other
Deferral Account.

      (b)   As of each dividend payment date established by the Company for the
payment of cash dividends with respect to its Shares, the Company shall credit
each separate Stock Deferral Account of a Participant with an additional number
of whole and/or fractional Units equal to:

            (i)   the product of (x) the dividend per Share which is payable
                  with respect to such dividend payment date, multiplied by (y)
                  the number of whole and fractional Units credited to the
                  separate Stock Deferral Account of a Participant as of such
                  payment date;

                                   divided by

            (ii)  The closing price of a Share on the dividend payment date (or
                  if Shares were not traded on that date, on the next preceding
                  day on which Shares were so traded), as reported on the
                  NYSE-composite tape.

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      (c)   At no time prior to actual delivery of Shares pursuant to the Plan,
shall the Company be obligated to purchase or reserve Shares for delivery of a
Participant and the Participant shall not be a shareholder nor have any of the
rights of a shareholder with respect to the Units credited to the Participant's
Stock Deferral Accounts.

      (d)   To the extent that, at the time Units are credited to a Stock
Deferral Account of a Participant, any federal, state or local payroll
withholding tax applies (e.g., Medicare withholding tax), the Participant shall
be responsible for the payment of such amount to the Company and the Company
shall promptly remit such amount to the proper taxing authority.

      (e)   In the event of any change in the number of outstanding Shares by
reason of any stock dividend, stock split up, recapitalization, merger,
consolidation, exchange of shares or other similar corporate change, the number
of Units in each separate Stock Deferral Account of a Participant shall be
appropriately adjusted to take into account any such event.

6. Payment of Deferred Compensation upon Termination.

      (a)   The total amount standing as a credit in a Participant's Cash
Deferral Accounts shall, upon termination of employment, be payable to the
Participant either in a lump sum or in periodic installments over such period,
not exceeding ten years, as the Participant shall have selected pursuant to
Section 3(f)(iv). Such periodic payments shall begin or the lump sum payment
shall be made, as the case may be, from the Participant's Cash Deferral
Accounts, at such time, not more than twelve (12) months after the Participant
ceases to be an employee of the Company, as the Participant shall have selected
pursuant to Section 3 (f)(iv). All amounts payable in accordance with this
Section 6(a) shall be subject to applicable federal, state and/or local payroll
withholding taxes then in effect. Notwithstanding the foregoing, a Participant
may elect no later than thirty (30) days prior to the Participant's termination
of employment, nor earlier than ninety (90) days prior thereto, to change the
form of distribution of the Participant's Cash Deferral Accounts.

      (b)   The amount of each installment payable to a Participant shall be
determined by dividing the aggregate balance of such Participant's Cash Deferral
Accounts by the number of periodic installments (including the current
installment) remaining to be paid. Until a Participant's Cash Deferral Accounts
has been completely distributed, the balance thereof remaining, from time to
time, shall be credited with gains and losses on a monthly basis as provided in
Section 4(b).

      (c)   The total number of Units credited to the Participant's Stock
Deferral Accounts shall upon termination of employment be payable to the
Participant either in a lump sum or in periodic installments, over such period,
not exceeding ten years, as the Participant shall have selected pursuant to
Section 3(f)(iv). Such periodic payments shall begin or the lump sum payment
shall be

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made, as the case may be, at such time, not more than twelve (12)
months after the Participant ceased to be an employee of the Company, as the
Participant shall have selected pursuant to Section 3(f)(iv). All amounts
payable in accordance with this Section 6(c) shall be subject to applicable
federal, state and/or local payroll withholding taxes then in effect.
Notwithstanding the foregoing, a Participant may elect no later than thirty (30)
days prior to the Participant's termination of employment, no earlier than
ninety (90) days prior thereto, to change the form of distribution of the
Participant's Stock Deferral Accounts.

      (d)   The amount of any installment payable from the Stock Deferral
Accounts to a Participant shall be determined by dividing the balance of the
aggregate number of Units in the Participant's Stock Deferral Accounts by the
number of periodic installments (including the current installment) remaining to
be paid and the quotient shall be the number of Shares that are payable. If the
determination of the installment payable from the Participant's Stock Deferral
Accounts results in a fractional Share being payable, the installment payment
shall exclude any such fractional Share payment except that, in the final
installment payment, any such fractional Share shall be paid in cash in an
amount as determined by the Committee. Until the Participant's Stock Deferral
Accounts have been completely distributed, the balance in the Stock Deferral
Accounts shall continue to be credited with the dividend equivalents on such
balances as provided in Section 5(b).

      (e)   If the Participant elects to satisfy tax withholding under paragraph
(c) with Shares, then such withholding shall be from those Shares otherwise
issuable pursuant to paragraph (c) above, and shall be such number of Shares
that will provide for the federal, state and/or local income tax at the rates
then applicable for supplemental wages, unless otherwise requested by the
Participant, but in no event less than the statutory minimums for tax
withholding.

      (f)   For purposes under paragraph (e) of determining the number of Shares
that are to be withheld to provide for the tax withholding, Shares shall be
valued at the closing price on the New York Stock Exchange of a Share on the
date the Shares are distributable (or if the Shares were not traded on that
date, on the next preceding day on which the Shares were so traded). If the
determination of the tax withholding would require the withholding of a
fractional Share, the Participant shall remit cash to the Company in lieu of
such fractional Share.

      (g)   In the event a Participant dies prior to receiving payment of the
entire amount in that Participant's Cash Deferral Accounts and/or Stock Deferral
Accounts, as the case may be, the unpaid balance shall be paid to such
beneficiary as the Participant may have designated in writing to the Vice
President, Human Resources, of the Company as the beneficiary to receive any
such post-death distribution under the Plan or, in the absence of such written
designation, to the Participant's legal representative or to the beneficiary
designated in the Participant's last will as the one to receive such
distributions. Distributions subsequent to the death of a Participant may be
made either in a

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lump sum or in periodic installments in such amounts and over such period, not
exceeding ten years from the date of death, as the Committee may direct and the
amount of each installment shall be computed as provided in Section 6(b), and
(d) as the case may be.

      (h)   Payments from the Cash Deferral Accounts shall be made in cash and
payments from the Stock Deferral Accounts shall be made in Shares. The amount of
any distribution pursuant to Sections 6 through 9 shall reduce the balance held
in the Participant's corresponding Deferral Accounts as of the date of such
distribution. Installment payments shall be made pro-rata from a Participant's
Deferral Accounts.

7. In-Service Distributions. Pursuant to Section 3 and other than for deferrals
pursuant to Sections 3(c)(v), (vi), (vii) and 3(e), a Participant may elect to
receive an in-service distribution of all or any specified percentage of the
Participant's deferral for any calendar year commencing not earlier than the
first calendar year following the year that such compensation would have been
payable. In-service distributions shall be made in a lump sum payment. A
Participant may elect once for any calendar year of deferral for which the
Participant has elected an in-service distribution, to change the date of
distribution to another in-service year or upon termination; provided, however,
that any such modification must be made in writing at least twelve (12) months
prior to the date originally elected for the in-service distribution.
Notwithstanding the foregoing, any distribution hereunder shall be subject to
further deferral pursuant to an election under Section 3(e).

8. Special Distributions. Notwithstanding any other provision of this Plan, a
Participant may elect to receive distribution of part or all of the total of
Participant's eligible Deferral Accounts, other than from deferrals pursuant to
Sections 3(c)(v), (vi), (vii) and 3(e), in one or more distributions if (and
only if) the amount of the distribution is reduced by ten (10) percent. The ten
(10) percent reduction shall be forfeited. Distributions shall be made pro-rata
among Participant's eligible Deferral Accounts. Any distribution made pursuant
to such an election shall be made within sixty (60) days of the date such
election is submitted to Vice President - Human Resources. Notwithstanding the
foregoing, any distribution hereunder shall be limited to an amount that would
not be subject to further deferral pursuant to an election under Section 3(e).

9. Hardship Distributions. The Committee may accelerate the distribution of part
or all, in any or all, of a Participant's Deferral Accounts for reasons of
severe financial hardship. For purposes of the Plan, severe financial hardship
shall be deemed to exist in the event the Committee determines that a
Participant needs a distribution to meet immediate and heavy financial needs
resulting from a sudden or unexpected illness or accident of the Participant or
a member of the Participant's family, loss of the Participant's property due to
casualty, or other similar extraordinary and unforeseeable circumstance arising
as a result of events beyond the control of the Participant. A distribution
based on financial hardship shall not exceed the amount required to meet the
immediate financial need created by the hardship.

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10. Non-assignability. None of the rights or interests in any of the
Participant's Deferral Accounts shall, at any time prior to actual payment or
distribution pursuant to the Plan, be assignable or transferable in whole or in
part, either voluntarily or by operation of law or otherwise, and such rights
and interest shall not be subject to payment of debts by execution, levy,
garnishment, attachment, pledge, bankruptcy or in any other manner; provided
that, upon the occurrence of any such assignment or transfer or the attempted
assignment or transfer, all payments hereunder shall be payable in the sole and
unrestricted judgment and discretion of the Committee, as to time and amount
(including a lump sum amount), and shall be distributable to the person who
would have received the payment but for this Section 10 only at such time or
times and in such amounts as the Committee, from time to time, and in its sole
and unrestricted judgment and discretion, shall determine. Should an event
covered by this Section 10 occur prior to the death of a Participant, the
balance, if any, in the Participant's accounts shall, after such death, be
thereafter distributed as provided in Section 6 subject to the provisions of
this Section 10.

11. Interest of Participant. The Company shall be under no obligation to
segregate or reserve any funds or other assets for purposes relating to the Plan
and, except as set forth in this Plan, no Participant shall have any rights
whatsoever in or with respect to any funds or other assets held by the Company
for purposes of the Plan or otherwise. Each Participant's accounts maintained
for purposes of the Plan merely constitute bookkeeping entries on records of the
Company, constitute the unsecured promise and obligation of the Company to make
payments as provided herein, and shall not constitute any allocation whatsoever
of any cash, shares or other assets of the Company or be deemed to create any
trust or special deposit with respect to any of the Company's assets.
Notwithstanding the foregoing provisions, nothing in this Plan shall preclude
the Company from setting aside Shares or funds in trust pursuant to one or more
trust agreements between a trustee and the Company. However, no Participant
shall have any secured interest or claim in any assets or property of the
Company or any such trust and all Shares or funds contained in such trust shall
remain subject to the claims of the Company's general creditors.

12. Amendment. The Board of Directors of the Company, or the Organization and
Compensation Committee may, from time to time, amend or terminate the Plan,
provided that no such amendment or termination of the Plan shall adversely
affect a Participant's accounts as they existed immediately before such
amendment or termination or the manner of distribution thereof, unless such
Participant shall have consented thereto in writing. Notice of any amendment or
termination of the Plan shall be given promptly to all Participants.

13. Plan Implementation. This Plan is adopted and effective on the 25th day of
July, 1994, as amended on June 17, 1995, as further amended September 25, 1995,
effective as of January 1, 1995, further amended on September 22, 1997 and
further amended on September 27, 1999, effective as of January 1, 2000;
provided, however that any deferrals made hereunder into a Stock Deferral
Account prior to January 1, 2000, shall be governed by the provisions of the
Plan

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in effect prior to January 1, 2000, further amended on February 28, 2000,
effective as of January 1, 2000, further amended on March 11, 2000, further
amended on November 12, 2001, further amended on November 11, 2002, further
amended on February 24, 2003, further amended on December 15, 2003 and further
amended on June 28, 2004.

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                                                                 EXHIBIT (10)(t)

                                  NOVEON, INC.

                       SPECIAL DEFERRED COMPENSATION PLAN
                 (First Restatement Effective November 1, 2002)

                                   ARTICLE I
                                    Purpose

            The purpose of this Special Deferred Compensation Plan (the "Plan")
of Noveon, Inc. (the "Company") is to provide a select group of senior
management employees of the Company the ability to defer the receipt of
compensation, for the periods provided in this Plan. It is intended that this
Plan shall be considered an unfunded plan maintained for the purpose of
providing deferred compensation for a select group of management or highly
compensated employees for purposes of Title I of the Employee Retirement Income
Security Act of 1974, as amended, and shall be construed accordingly.

                                   ARTICLE II
                                  Definitions

            For purposes of this Plan, the following terms shall have the
following meanings:

            2.1   "ACCOUNT" shall mean the memorandum account established for a
                  Participant pursuant to Section 4.1.

            2.2   "ADMINISTRATOR" shall mean the Company's Retirement Committee
                  which shall be responsible for administering and interpreting
                  the Plan pursuant to Section 6.1.

            2.3   "ASSIGNMENT AGREEMENT" shall mean an Agreement Relating to
                  Deferred Compensation Arrangements.

            2.4   "BENEFICIARY" shall mean the person designated from time to
                  time in writing delivered to the Administrator by a
                  Participant to receive payments under this Plan after the
                  death of such Participant or, in the absence of any such
                  designation or in the event that such designated person shall
                  predecease such Participant, the Participant's estate. A
                  Participant shall designate a Beneficiary in the Deferral
                  Election Agreement executed by the Participant and thereafter
                  may change his Beneficiary designation by filing with the
                  Administrator an Election Change Form.

            2.5   "COMPANY" shall mean Noveon, Inc. (formerly known as PMD Group
                  Inc.), a Delaware corporation.

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            2.6   "DEFERRAL ELECTION AGREEMENT" shall mean the agreement
                  provided by the Administrator and executed by an Eligible
                  Employee to elect to participate in the Plan.

            2.7   "DEFERRED AMOUNT" shall mean as of any date a Participant's
                  Deferred Compensation plus any gains or losses attributable
                  thereto as of such date which have been credited to the
                  Account of such Participant, less any amounts paid to such
                  Participant pursuant to Article V hereof.

            2.8   "DEFERRED COMPENSATION" shall mean, with respect to a
                  Participant, an amount equal to the cash payment received by
                  the Company pursuant to the Assignment Agreement and Deferred
                  Amounts elected on an appropriately executed annual Deferral
                  Election Agreement.

            2.9   "ELECTION CHANGE FORM" shall mean a form designated as an
                  Election Change Form by the Administrator for use under this
                  Plan.

            2.10  "ELIGIBLE EMPLOYEE" shall mean the Company's senior management
                  employees selected by the Company's Chief Executive Officer
                  and the Retirement Committee who are paid through a United
                  States based facility payroll system.

            2.11  "INVESTMENT CHOICES" shall mean the investment vehicles made
                  available by the Administrator from time to time in which a
                  Participant's Deferred Amount will be invested pursuant to
                  Section 4.2.

            2.12  "PARTICIPANT" shall mean any Eligible Employee who enters into
                  a Deferral Election Agreement pursuant to Section 3.1.

            2.13  "PLAN" shall mean this Noveon, Inc. Special Deferred
                  Compensation Plan (formerly known as The PMD Group Inc. 2001
                  Special Deferred Compensation Plan).

            2.14  "PLAN YEAR" shall mean the calendar year.

            2.15  "SUBSTANTIAL HARDSHIP" shall mean an unanticipated emergency
                  or necessity that is caused by events outside of the control
                  of the Participant (or in the event of the Participant's
                  death, his Beneficiary) that would result in severe financial
                  hardship to the Participant (or in the event of

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                  the Participant's death, his Beneficiary), as determined in
                  the sole discretion of the Administrator.

            2.16  "TRUST" shall mean the trust established pursuant to the
                  Trust Agreement for the Noveon, Inc. Special Deferred
                  Compensation Plan.

            2.17  "TRUSTEE" shall mean the person or entity named as the trustee
                  in the separate Trust document and forming a part of this Plan
                  and any successor trustees.

                                   ARTICLE III
                            Deferral of Compensation

            3.1   Deferral Election Agreement. Each Eligible Employee may elect
                  to participate in the Plan by executing a Deferral Election
                  Agreement. The Deferral Election Agreement shall specify the
                  Deferred Amount (in whole percentages of such compensation)
                  that can be up to forty percent (40%) of the Eligible
                  Employee's base salary and up to ninety percent (90%) of the
                  Eligible Employee's incentive compensation award, if any.

                        (a) An Eligible Employee who is a new Participant to
                            this Plan may execute a Deferral Election Agreement
                            for the deferral of base salary during the first
                            thirty (30) days of participation in accordance with
                            uniform rules established by the Plan Administrator.
                            A new Participant's Deferral Election Agreement
                            shall be effective only for compensation paid after
                            the Deferral Election Agreement is executed.

                        (b) Thereafter, a Participant can elect to reduce,
                            discontinue, or increase his/her Deferral Election
                            Agreement for the deferral of the next Plan Year's
                            base salary during the forty-six (46) day election
                            period established by the Administrator. The
                            Participant's Deferral Election Agreement shall be
                            effective only for compensation paid after the
                            Deferral Election Agreement is executed.

                        (c) A Participant may elect to defer an incentive
                            compensation award payable by the Company in the
                            following Plan Year provided the Participant
                            executes a Deferral Election Agreement during the

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                            election period established by the Administrator in
                            paragraph (b) above. Notwithstanding the foregoing,
                            Deferral Election Agreement can be made for the
                            incentive compensation award payable in 2003 in a
                            delayed election period established by the
                            Administrator provided such election is made before
                            the determination of the Eligible Employee's share
                            of any such incentive award.

                        (d) Upon execution, a Participant's Deferral Election
                            Agreement for deferral of base salary shall become
                            irrevocable until the next election period for this
                            Plan or in the event of a Substantial Hardship. Upon
                            a Substantial Hardship distribution, a Participant's
                            Deferral Election Agreement shall be suspended for a
                            period of at least six (6) months.

                        (e) A Participant's Compensation shall be reduced in
                            accordance with his/her election hereunder and the
                            amounts of Compensation deferred shall be paid by
                            the Company to the Trust as soon as administratively
                            feasible.

            3.2   Distribution Election. The Participant's annual Election Form
                  shall specify the date on which the payment of the Deferred
                  Amount shall commence (the "Payment Commencement Date") and
                  whether the payment of such Deferred Amount shall be made in a
                  single lump sum, or in five, ten or fifteen annual
                  installments. A Participant's Payment Commencement Date shall
                  not be less than twenty-four (24) months from the date the
                  Deferred Amount would have originally been payable. If an
                  installment distribution is elected, the amount of each
                  installment established in accordance with uniform rules
                  established by the Plan Administrator and each annual
                  installment shall be paid on or about January 15th of each
                  installment year.

                                   ARTICLE IV
                          Treatment of Deferred Amounts

            4.1   Accounts. The Company shall establish a bookkeeping account
                  (the "Account") for each Participant reflecting annual
                  Deferred Compensation contributions and the respective Payment
                  Commencement Dates for such contributions made on the
                  Participant's behalf together with any

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                  adjustments for income, gain or loss and any distributions
                  from the account. The Plan Administrator shall cause the
                  Trustee to maintain and invest separate asset accounts
                  corresponding to each Participant's account.

            4.2   Directed Investments. Effective for new deferrals on and after
                  November 1, 2002, the Participant's Deferred Amounts shall be
                  invested in a money market mutual fund selected by the
                  Administrator. Effective April 1, 2003, the Administrator or
                  its designee shall select the investment funds to which the
                  Participants may direct the investments of their Account
                  balances. The assets attributable to a Participant's Account
                  held in the Trust shall be invested among the available
                  investments as the Participant may direct in accordance with
                  rules established by the Administrator.

            4.3   Unsecured Obligation. The Plan and the crediting of Accounts
                  hereunder shall be merely for the purpose of recording an
                  unsecured contractual obligation.

            4.4   Reports. Until the entire Deferred Amount in a Participant's
                  Account shall have been paid in full, the Company will furnish
                  to the Participant, at least annually, a report setting forth
                  the activity and balance of his Account.

                                   ARTICLE V
                           Payment of Deferred Amounts

            5.1   Form of Payment. All payments of Deferred Amounts under this
                  Plan shall be made in cash.

            5.2   Payment of Deferred Amount. Except as provided in Sections
                  5.3 or 5.4 below or as a result of a Change of Control defined
                  in Section 5.5 below, the Deferred Amount in a Participant's
                  Account shall be paid or commence to be paid to such
                  Participant only in accordance with Section 3.2 hereof.

            5.3   Acceleration of Payments. Notwithstanding any other provision
                  of this Plan to the contrary, upon a Participant's Substantial
                  Hardship (or, in the event of the Participant's death, his
                  Beneficiary's Substantial Hardship), and with the consent of
                  the Administrator, a Participant (or, in the event of the
                  Participant's death, his Beneficiary) may withdraw such
                  portion of his Deferred Amount as the Administrator determines
                  is necessary to satisfy the Participant's financial

                                                                               5

<PAGE>

                  emergency (or, in the event of the Participant's death, his
                  Beneficiary's financial emergency).

            5.4   Death Benefit. If a Participant dies before the complete
                  distribution of his/her Deferred Amounts, the Plan
                  Administrator shall contact the deceased Participant's
                  designated Beneficiary for such Beneficiary's election of
                  either an immediate lump sum or deferred lump sum, or an
                  immediate or deferred installment distribution of the deceased
                  Participant's Deferred Amounts. Thereafter, the Plan
                  Administrator shall instruct the Trustee to begin paying the
                  balance of the deceased Participant's Deferred Amounts in the
                  method elected by the deceased Participant's designated
                  Beneficiary. A deceased Participant's designated Beneficiary
                  entitled to payments under this Section 5.4 shall be
                  considered a limited Participant for purposes of directing
                  the investments of the deceased Participant's Account under
                  Section 4.2 above (if applicable) and for purposes of
                  requesting a distribution because of a Substantial Hardship
                  under Section 5.3 above (if applicable).

            5.5   Change of Control. In the event that a Participant's
                  employment terminates within twelve (12) months after an event
                  that the Plan Administrator determines is a "Change of
                  Control" (as defined below), the Plan Administrator shall
                  distribute to such Participant (or to the beneficiary of a
                  deceased Participant) the Participant's account balance under
                  the Plan in a lump sum payment, regardless of the
                  Participant's prior benefit distribution elections. For
                  purposes of this Plan, the Plan Administrator has sole
                  discretionary authority to determine whether a "Change of
                  Control" has occurred which may include, but not be limited
                  to, the definition of a "Transaction" as used in the Company's
                  Stock Option Plan, as amended from time to time (the "Stock
                  Option Plan"); other than a "Non-Control Transaction" as
                  defined in the Stock Option Plan.

                                   ARTICLE VI
                                 Administration

            6.1   Administrator. The Administrator shall have full authority to
                  construe and interpret the terms and provisions of the Plan,
                  to adopt, alter and repeal such administrative rules,
                  guidelines and practices governing this Plan and perform all
                  acts, including the delegation of its administrative
                  responsibilities, as it shall, from time to time, deem

                                                                               6

<PAGE>

                  advisable, and to otherwise supervise the administration of
                  this Plan. The Administration may correct any defect, supply
                  any omission or reconcile any inconsistency in the Plan, or in
                  any election hereunder, in the manner and to the extent it
                  shall deem necessary to carry the Plan into effect. Any
                  decision, interpretation or other action made or taken in good
                  faith by or at the direction of the Administrator in
                  connection with the Plan shall be within the absolute
                  discretion of the Administrator and shall be final, binding
                  and conclusive on the Company and all employees and
                  Participants and their respective heirs, executors,
                  administrators, successors and assigns. A Participant who is
                  also the Administrator, a member of a committee that is the
                  Administrator or a person to whom the Administrator has
                  delegated responsibility pursuant to this Section 6.1 shall
                  not participate in any decision involving a request made by
                  him or relating in any way to his rights, duties and
                  obligations as a Participant (unless such decision relates to
                  all Participants generally and in a similar manner).

            6.2   Liability. No member of the Board of Directors of the Company
                  or any of its affiliates, nor the Administrator or an employee
                  or agent of the Company or any of its affiliates, shall be
                  liable for any act or action hereunder, whether of omission or
                  commission, by any other person to whom duties in connection
                  with the administration of the Plan have been delegated or,
                  except in circumstances involving his bad faith, gross
                  negligence or fraud, for anything done or omitted to be done
                  by himself. The Company or the Administrator may consult with
                  legal counsel, who may be counsel for the Company or other
                  counsel, with respect to its obligations and duties hereunder,
                  or with respect to any action or proceeding or any question of
                  law, and shall not be liable with respect to any action taken
                  or omitted by it in good faith pursuant to the advice of such
                  counsel.

            6.3   Claims Procedure. Claims for benefits under the Plan shall be
                  filed in writing with the Administrator. The Administrator
                  shall furnish written notice of the disposition of a claim to
                  the claimant within ninety (90) days after the application is
                  filed. Losses or damages incurred due to a delay caused by the
                  claimant's lack of reasonable cooperation shall not be
                  chargeable to the Administrator. In the event a claim is
                  denied, the reasons for the denial shall be specifically set
                  forth in the notice in language calculated to be understood by
                  the claimant, pertinent provisions of the Plan shall be cited,
                  and,

                                                                               7

<PAGE>

                  where appropriate, an explanation as to how the claimant can
                  perfect the claim will be provided. In addition, the claimant
                  shall be furnished with an explanation of the Plan's claims
                  review procedure.

            6.4   Claims Review Procedure. A Participant or his/her Beneficiary
                  who has been denied a benefit by a decision of the
                  Administrator pursuant to Section 6.3 shall be entitled to
                  request the Administrator to give further consideration to the
                  claim by filing with the Administrator a request for a review.
                  Such request, together with a written statement of the reasons
                  why the claimant believes his/her claim should be allowed,
                  shall be filed with the Administrator no later than ninety
                  (90) days after receipt of the written notification provided
                  for in Section 6.3 above. The Administrator may in its sole
                  discretion establish such procedures, as it deems necessary or
                  advisable for the conduct of any such review. After the review
                  has been completed, the Administrator shall render a decision
                  in writing, a copy of which shall be sent to the claimant.
                  Such decision shall set forth the specific reason or reasons
                  for the decision and the specific Plan and/or Trust
                  provision(s) upon which the decision is based. The
                  interpretations, determinations, and decisions of the
                  Administrator shall be final and binding upon all persons with
                  respect to any right, benefit, and privilege hereunder. Except
                  as otherwise provided by applicable law, the review procedures
                  of this Section shall be the sole and exclusive remedy and
                  shall be in lieu of all actions at law, in equity, or
                  otherwise. In any event, a Participant or his/her Beneficiary
                  must exhaust the review procedures of this Section 6.4 before
                  the commencement of any such action. The Administrator shall
                  make a final decision as to the allowance of the claim within
                  sixty (60) days of receipt of the appeal (unless there has
                  been an extension of sixty (60) days due to special
                  circumstances, provided the delay and the special
                  circumstances occasioning it are communicated to the claimant
                  within the sixty (60) day period). Delays incurred by the
                  Administrator in reviewing a claim denial caused by the
                  claimant's lack of reasonable cooperation shall not be
                  chargeable to the Administrator. Any communication to a
                  claimant shall be written in a manner calculated to be
                  understood by the claimant and shall include specific reasons
                  for the decision and specific references to the pertinent
                  Plan provisions on which the decision is based.
                                                                               8

<PAGE>

                                  ARTICLE VII
                                 Miscellaneous

            7.1   Participants' Rights. A Participant, at all times, shall have
                  an immediate one hundred percent (100%) vested interest in his
                  Account.

            7.2   Amendment or Termination. Notwithstanding any other provision
                  of this Plan, the Administrator may at any time, and from time
                  to time, amend, in whole or in part, any or all of the
                  provisions of the Plan, or suspend or terminate it entirely;
                  provided, however that any such amendment, suspension or
                  termination may not, without a Participant's consent,
                  adversely affect any Deferred Amount credited to such
                  Participant's Account prior to such amendment, suspension or
                  termination. Notwithstanding the foregoing, the Administrator
                  may change one or all of the Investment Choices at any time,
                  and upon any termination of this Plan, the Administrator may
                  in its sole discretion accelerate the payment of all Deferred
                  Amounts credited as of the date of termination of this Plan.
                  The Plan shall remain in effect until all obligations
                  hereunder have been satisfied or until it is terminated
                  pursuant to this Section 7.2.

            7.3   Expenses. The Company will pay all expenses incurred in
                  administering this Plan and no part thereof shall be charged
                  against any Participant's Account or any amounts distributable
                  hereunder.

            7.4   Withholding. The Company shall withhold from Participants'
                  compensation, or from amounts payable hereunder, any federal,
                  state or local taxes required by law to be withheld in
                  connection with the deferral or payment of any amounts
                  hereunder.

            7.5   No Obligation. Neither this Plan nor any elections hereunder
                  shall create any obligation on the Company to continue any
                  existing incentive compensation plans or policies or to
                  establish or continue any other programs, plans or policies of
                  any kind. Neither this Plan nor any election made pursuant to
                  this Plan shall give any Participant or other employee the
                  right to receive benefits not specifically provided for by the
                  Plan, nor any right with respect to continuance of employment
                  by the Company, nor shall there be a limitation in any way on
                  the right of the Company to terminate his employment at any
                  time.
                                                                               9

<PAGE>

            7.6   No Assignment. No right or interest in any Account or Deferred
                  Amount under this Plan may be assigned, transferred, pledged
                  or hypothecated, and no right or interest of any Participant
                  in any Account hereunder or to any Deferred Amount shall be
                  subject to any lien, pledge, encumbrance, charge, garnishment,
                  execution, alienation, obligation or liability of such
                  Participant, whether voluntary or involuntary, including, but
                  not limited to, any liability that is for alimony or other
                  payments for the support of a spouse or former spouse, or for
                  any other relative of a Participant.

            7.7   Facility of Payment. Any amounts payable hereunder to any
                  person who is under legal disability or who, in the judgment
                  of the Administrator, is unable to manage his financial
                  affairs, may be paid to the legal representative of such
                  person or may be applied for the benefit of such person in any
                  manner that the Company may select. Any such payment shall be
                  deemed to be payment for such person's Account, and shall be a
                  complete discharge of all liability of the Company with
                  respect to the amount so paid.

            7.8   Applicable Law. This Plan and the obligations of the Company
                  hereunder shall be subject to all applicable federal and state
                  laws, rules and regulations and to such approvals by any
                  governmental or regulatory agency as may from time to time be
                  required.

            7.9   Governing Law. This Plan and actions taken in connection
                  herewith shall be governed and construed in accordance with
                  the laws of the State of Ohio (regardless of the law that
                  might otherwise govern under applicable Ohio principles of
                  conflict of laws). Any provision of this Plan prohibited by
                  the law of any jurisdiction shall, as to such jurisdiction, be
                  ineffective to the extent of such prohibition without
                  invalidating the remaining provisions hereof.

                                                                              10

<PAGE>

            7.10  Construction. Wherever any words are used in this Plan in the
                  masculine gender they shall be construed as though they were
                  also used in the feminine gender in all cases where they would
                  so apply, and wherever any words are used herein in the
                  singular form they shall be construed as though they were also
                  used in the plural form in all cases where they would so
                  apply. The titles to sections of this Plan are intended as a
                  convenience and shall not be used as an aid in construction of
                  any provisions hereof.

First Restatement to Special Deferred Compensation Plan effective November 1,
2002.

                                                                              11

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