Document:

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                                                                    Exhibit 10.9

                      NACCO MATERIALS HANDLING GROUP, INC.
                      LONG-TERM INCENTIVE COMPENSATION PLAN
                 (AS AMENDED AND RESTATED AS OF JANUARY 1, 2005)

1.   Effective Date

     The Effective Date of this amendment and restatement of the NACCO Materials
Handling Group, Inc. Long-Term Incentive Compensation Plan (the "Plan") is
January 1, 2005.

2.   Purpose of the Plan

     The purpose of this Plan is to further the long-term profits and growth of
NACCO Materials Handling Group, Inc. (the "Company") by enabling the Company and
its Subsidiaries (collectively, the "Employers") to attract and retain key
management employees by offering long-term incentive compensation to those
officers and key management employees who will be in a position to make
significant contributions to such profits and growth. This incentive is in
addition to annual compensation and is intended to reflect growth in the value
of the Company's stockholders' equity.

3.   Application of the American Jobs Creation Act ("AJCA")

     (a)  Awards with Grant Dates of January 1, 2004 or earlier (the "Pre-2005
          Awards") are "grandfathered" under Code Section 409A (as enacted by
          the AJCA) and, as such, will continue to be governed by the law
          applicable to nonqualified deferred compensation prior to the
          enactment of Code Section 409A.

     (b)  Awards with Grant Dates of January 1, 2005 or later (the "Post-2004
          Awards") are subject to the provisions of Code Section 409A, as
          enacted by the AJCA. It is intended that the provisions of the Plan
          that relate to the Post-2004 Awards be administered in accordance with
          the requirements of Code Section 409A, so as to prevent the inclusion
          in gross income of any Post-2004 Awards hereunder in a taxable year
          that is prior to the taxable year or years in which such Awards would
          otherwise be actually paid or made available to the Participant.

4.   Definitions.

     (a)  "Award" shall mean an award of Book Value Units granted to a
          Participant under this Plan for an Award Year in an amount determined
          pursuant to a formula which is established by

NMHG LTIP/Regular 2005 Restatement

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          the Committee not later than the 90th calendar day of the Award Year.
          The Participant's Awards shall be further divided into the Pre-2005
          Awards and the Post-2004 Awards in accordance with the terms of
          Section 3 hereof.

     (b)  "Award Units" shall mean Book Value Units which are issued pursuant
          to, and with such restrictions as are imposed by, the terms of this
          Plan.

     (c)  "Award Unit Price" as to any Book Value Unit shall mean the Book Value
          on the Quarter Date coincident with or immediately preceding the Grant
          Date of the Award.

     (d)  "Award Year" shall mean the calendar year on which an Award is based.

     (e)  "Beneficiary" shall mean the person(s) designated in writing (on a
          form acceptable to the Committee) to receive the payment of all Awards
          hereunder in the event of the death of a Participant. In the absence
          of such a designation and at anytime when there is no existing
          Beneficiary hereunder, Participant's Beneficiary shall be his
          surviving legal spouse or, if none, his estate.

     (f)  "Book Value" as to any Book Value Unit shall mean an amount determined
          by the Committee or, if no amount is set by the Committee, as of any
          date (i) the stockholders' equity (as determined in accordance with
          generally accepted accounting principles, applied on a consistent
          basis) allocable to the Common Stock of the Company, as set forth on
          the consolidated balance sheet of the Company and its Subsidiaries as
          of the Quarter Date coincident with or immediately preceding such
          date, divided by (ii) the number of Notional Shares existing as of
          such Quarter Date; provided, however, that Book Value and/or the
          number of Notional Shares may be adjusted to such an extent as may be
          determined by the Committee to preserve the benefit of the arrangement
          for holders of Book Value Units and the Company, if in the opinion of
          the Committee, after consultation with the Company's independent
          public accountants, changes in the Company's accounting policies,
          acquisitions or other unusual or extraordinary items have materially
          affected the stockholders' equity allocable to the Notional Shares.

     (g)  "Book Value Unit" or "Unit" shall mean a right granted pursuant to the
          terms and conditions set forth in Section 7.

     (h)  "Code" shall mean the Internal Revenue Code of 1986, as amended.

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     (i)  "Committee" shall mean the Compensation Committee of the Company's
          Board of Directors or any other committee appointed by the Company's
          Board of Directors to administer this Plan in accordance with Section
          5.

     (j)  "Disability" or "Disabled." A Participant shall be deemed to have a
          "Disability" or be "Disabled" if the Participant is determined to be
          totally disabled by the Social Security Administration or (i) is
          unable to engage in any substantial gainful activity by reason of any
          medically determinable physical or mental impairment which can be
          expected to result in death or can be expected to last for a
          continuous period of not less than 12 months, or (ii) is, by reason of
          any medically determinable physical or mental impairment which can be
          expected to result in death or can be expected to last for a
          continuous period of not less than 12 months, receiving income
          replacement benefits for a period of not less than 3 months under an
          Employer sponsored accident and health plan.

     (k)  "Grant Date" shall mean the effective date of an Award, as determined
          under Section 7(b)(ii) of the Plan.

     (l)  "Guidelines" shall mean the annual guidelines that are approved by the
          Committee for the administration of the Awards granted under the Plan.
          To the extent that there is any inconsistency between the Guidelines
          and the Plan, the Guidelines shall control.

     (m)  "Hay Salary Grade" shall mean the salary grade or points assigned to a
          Participant by the Company pursuant to the Hay Salary System, or any
          successor salary system subsequently adopted by the Company.

     (n)  "Key Employee" shall mean a key employee, as defined in Section 416(i)
          of the Code (without regard to paragraph (5) thereof) of an Employer
          as long as the stock of NACCO Industries, Inc. (or a related entity)
          is publicly traded on an established securities market or otherwise on
          the date of the employee's Termination of Employment. Key Employees
          are identified on a controlled group-wide basis and include
          non-resident alien employees (whether or not such employees are
          eligible to participate in the Plan). The selected identification date
          for Key Employees is December 31st. As such, any employee who is
          classified by the Company as a Key Employee as of December 31st of a
          particular Plan Year shall maintain such classification for the
          12-month period commencing the following April 1st. The Company shall
          have the sole and absolute discretion to classify employees

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          as Key Employees hereunder. To the extent determined by the Company,
          such classification may include up to 75 highly compensated employees
          (including some who do not meet the statutory requirements of a Key
          Employee) as long as such determination is made in a consistent,
          reasonable and good faith manner.

     (o)  "Maturity Date" shall mean the date established by the Committee with
          respect to a Post-2004 Award, as determined under Section 10(a) of the
          Plan.

     (p)  "Notional Shares" shall mean the number of assumed shares of Common
          Stock of the Company as determined by the Committee from time to time
          in order to implement the purposes of the Plan. The number of Notional
          Shares under the Plan (including the Plan as in effect prior to the
          Effective Date) shall equal 20 million shares.

     (q)  "Participant" shall mean any person who meets the eligibility criteria
          set forth in Section 6 and who is granted an Award under the Plan.

     (r)  "Quarter Date" shall mean the last business day of each calendar
          quarter.

     (s)  "Retirement" or "Retire" shall mean the (i) termination of a U.S.
          Participant's employment with the Employers after the Participant has
          reached age 60 and completed at least 15 years of service, or (ii)
          termination of a non-U.S. Participant's employment with the Employers
          which qualifies as a retirement under local practices and procedures
          and/or which qualifies the non-U.S. Participant for foreign retirement
          benefits.

     (t)  "Subsidiary" shall mean any corporation, partnership or other entity,
          the majority of the outstanding voting securities of which is owned,
          directly or indirectly, by the Company.

     (u)  "Target Award" shall mean the dollar value of the Award to be paid to
          a Participant under the Plan assuming that the performance targets are
          met.

     (v)  "Termination of Employment" shall mean a separation of service as
          defined in Code Section 409A (and the regulations and guidance issued
          thereunder).

     (w)  "Unforeseeable Emergency" shall mean an event which results in a
          severe financial hardship to the Participant as a consequence of (i)
          an illness or accident of the Participant, the Participant's spouse or
          a dependent within the meaning of Code Section 152(a), (ii) loss of
          the Participant's property due to casualty or (iii) other similar
          extraordinary and

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          unforeseeable circumstances arising as a result of events beyond the
          control of the Participant.

5.   Administration

     (a)  This Plan shall be administered by the Committee. A majority of the
          Committee shall constitute a quorum, and the action of members of the
          Committee present at any meeting at which a quorum is present, or acts
          unanimously approved in writing, shall be the act of the Committee.
          All acts and decisions of the Committee with respect to any questions
          arising in connection with the administration and interpretation of
          this Plan, including the severability of any or all of the provisions
          hereof, shall be conclusive, final and binding upon the Employers and
          all present and former Participants, all other employees of the
          Employers, and their respective descendants, successors and assigns.
          No member of the Committee shall be liable for any such act or
          decision made in good faith.

     (b)  The Committee shall have complete authority to interpret all
          provisions of this Plan, to prescribe the form of any instrument
          evidencing any Award granted under this Plan, to adopt, amend and
          rescind general and special rules and regulations for its
          administration (including, without limitation, the Guidelines and any
          such rules or regulations deemed necessary or appropriate in
          connection with the requirements of Code Section 409A to the extent
          applicable), and to make all other determinations necessary or
          advisable for the administration of this Plan.

6.   Eligibility

     Any person who is classified by an Employer as a salaried employee of an
Employer (including any Subsidiary acquired after adoption of this Plan)
generally at a Hay Salary Grade of 25 or above (or a compensation level
equivalent thereto), who in the judgment of the Committee occupies an officer or
other key management position in which his efforts may significantly contribute
to the profits or growth of an Employer, may be awarded Book Value Units.
Notwithstanding the foregoing, the following persons shall not be eligible to
participate in the Plan: (a) directors of an Employer who are not classified as
salaried employees of an Employer, (b) leased employees (as such term is defined
in Code Section 414) and (c) salaried employees of an Employer who are
participants in the NACCO Materials Handling Group, Inc. Senior Executive
Long-Term Incentive Compensation Plan for a particular Award Year shall not be
eligible to participate in this Plan and receive an Award hereunder for the same
Award

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Year. A person who satisfies the requirements of this Section shall become a
Participant in the Plan when granted an Award hereunder.

7.   Granting of Awards

     The Committee may, from time to time and upon such conditions as it may
determine, authorize the granting of Awards to Participants, which shall be not
inconsistent with, and shall be subject to all of the requirements of, the
following provisions:

     (a)  Not later than the ninetieth day of each Award Year, the Committee
          shall approve (i) a Target Award to be granted to each Participant for
          such Award Year and (ii) a formula for determining the amount of each
          Award, which formula is based upon the Company's return on total
          capital employed for such Award Year.

     (b)  Effective no later than April of the calendar year following the Award
          Year, the Committee shall approve (i) a preliminary calculation of the
          amount of each Award based upon the application of the formula (as in
          effect at the calculation date) and actual performance to the Target
          Awards previously determined in accordance with Section 7(a); and (ii)
          a final calculation of the amount of each Award to be granted to each
          Participant for the Award Year (with the specified "Grant Date" of
          such Award being January 1st of the calendar year following the Award
          Year). The Committee shall have the power to increase or decrease the
          amount of any Award above or below the amount determined in accordance
          with Section 7(b)(i); provided, however, no Award, including any Award
          equal to the Target Award, shall be payable under the Plan to any
          Participant except as determined by the Committee.

     (c)  Calculations of Target Awards shall initially be based on the
          Participant's Hay Salary Grade as of January 1 of the Award Year.
          However, Target Awards may be changed during or after an Award Year
          under the following circumstances (as determined by the Chief
          Executive Officer of the Company with the consent of the Committee (in
          their sole and absolute discretion)): (i) if a Participant receives a
          change in Hay Salary Grade, salary midpoint and/or long-term incentive
          compensation target percentage, such change may be reflected in a
          pro-rata Target Award, (ii) employees hired into or promoted into a
          position eligible to participate in the Plan (as specified in Section
          6 above) during an Award Year will, if designated as a Plan
          Participant by the Chief Executive Officer of the Company

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          with the consent of the Committee, be assigned a pro-rated Target
          Award based on their length of service during an Award Year and (iii)
          the Committee may increase or decrease the amount of the Target Award
          at any time, in its sole and absolute discretion. In order to be
          eligible to receive an Award for an Award Year, the Participant must
          be employed by an Employer and must be a Participant on December 31 of
          the Award Year; provided, however, that if a Participant dies, becomes
          Disabled or Retires during the Award Year, the Participant shall be
          entitled to a pro-rata portion of the Award for such Award Year, based
          on the number of days the Participant was actually employed by the
          Employers during the Award Year.

     (d)  Each Award shall be granted in the form of Book Value Units. The
          number of Book Value Units to be issued to a Participant shall be
          determined by dividing the amount of the Award by the Award Unit
          Price. Notwithstanding any other provision of the Plan, the maximum
          cash value of the Awards granted to a Participant under this Plan in a
          single year shall not exceed $2,250,000.

     (e)  Multiple Awards may be granted to a Participant; provided, however,
          that no two Awards to a Participant may have identical performance
          periods.

8.   Vesting

     All Book Value Units granted pursuant to an Award hereunder shall be
immediately 100% vested as of the Grant Date.

9.   Payment of Pre-2005 Awards

     (a)  Payment Restrictions. Each Pre-2005 Award shall provide that the Book
          Value Units granted therein shall be subject to a payment restriction
          in the manner and to the extent prescribed by the Committee for a
          period of five years from the Grant Date, or such other shorter or
          longer period as may be specified in the Guidelines for the Award
          Year. Notwithstanding the foregoing, such payment restrictions shall
          automatically lapse upon death (whether before or after termination of
          employment) or termination of employment by reason of permanent
          disability (as determined by the Committee) or Retirement.

     (b)  Payment Date/Value. Unless a Participant makes a deferral election
          under Subsection (c) of this Section, as soon as practicable following
          the lapse of a payment restriction

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          applicable to a Pre-2005 Award pursuant to Subsection (a) of this
          Section, the Employer or former Employer of the Participant shall
          deliver to the Participant (or, if applicable, his Beneficiary), a
          check in full payment of the Book Value Units granted pursuant to such
          Award. The value of such Book Value Units shall be based on the Book
          Value as of the Quarter Date coincident with or immediately preceding
          the date on which the payment restriction lapses; provided, however,
          that for Participants who terminated employment for reasons other than
          permanent disability or Retirement prior to the date on which the
          payment restriction lapses, the value of such Book Value Units shall
          be based on the Book Value as of the Quarter Date coincident with or
          immediately preceding the date of termination.

     (c)  Deferral Option. Prior to the date described in Subsection (b) of this
          Section, subject to the rules and procedures specified in the
          Guidelines, a Participant who is a citizen or resident of the United
          States may make an irrevocable election to defer receipt of 100% of a
          Pre-2005 Award granted to him for a particular Award Year for a period
          not to exceed ten (10) years from the Grant Date of such Pre-2005
          Award. A separate deferral election may be made with respect to each
          Pre-2005 Award granted under the Plan. The Pre-2005 Awards that are
          subject to such a deferral election shall continue to be subject to
          the terms and conditions of this Plan and shall continue to be valued
          in accordance with the terms of the Plan until the date of payment (or
          further deferral, as described in the following sentence). In
          addition, a Participant who is a citizen or resident of the United
          States and who has made an irrevocable election to defer the receipt
          of a Pre-2005 Award until exactly ten (10) years from the Grant Date
          of such Award shall be permitted (subject to the rules and procedures
          contained in the Guidelines) to make another irrevocable election to
          further defer the receipt of such deferred Pre-2005 Award under and
          into the NACCO Materials Handling Group, Inc. Unfunded Benefit Plan
          (the "Unfunded Plan"). Deferred Pre-2005 Awards payable to an active
          employee under this Plan shall be paid to the Participant as soon as
          practicable following the payment date previously elected by the
          Participant and shall be based on the Book Value as of the Quarter
          Date coincident with or immediately preceding such payment date.
          Deferred Pre-2005 Awards which are further deferred into the Unfunded
          Plan shall be credited to the Unfunded Plan as soon as practicable
          following the 10th anniversary of the Grant Date of such Pre-2005
          Award and shall be based on the Book Value as of the Quarter Date
          coincident with or immediately preceding such anniversary date.
          Notwithstanding the foregoing, any deferral election

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          hereunder shall automatically terminate (and shall be of no further
          effect) upon a Participant's termination of employment with the
          Employers for any reason (including death or disability) and payment
          of all such deferred Pre-2005 Awards shall be made as soon as
          practicable following the date of the Participant's termination of
          employment, based on the Book Value as of the Quarter Date coincident
          with or immediately preceding such termination date; provided,
          however, that any Pre-2005 Awards that are subject to a deferral
          election at the time of a Participant's Retirement shall automatically
          be deferred under and into the Unfunded Plan as of the date of the
          Participant's Retirement, with the value of the Book Value Units being
          based on the Book Value as of the Quarter Date coincident with or
          immediately preceding such Retirement date if (and only if) the
          Participant has a currently-effective payment election relating to
          Pre-2005 Awards under the Unfunded Plan and is then eligible to
          participate in the Unfunded Plan.

10.  Payment of Post-2004 Awards

     (a)  Maturity Date.

          (i)  In the Guidelines adopted for each Award Year, the Committee
               shall establish a Maturity Date for the Book Value Units granted
               in each Post-2004 Award for such Award Year which shall generally
               be the fifth anniversary of the Grant Date of such Post-2004
               Award (or such other date specified in the Guidelines); provided,
               however, that once established, the Maturity Date of an Award as
               specified in the Guidelines may not thereafter be changed.

          (ii) Notwithstanding the foregoing, (A) in the event a Participant
               dies prior to the Maturity Date, the Maturity Date of all of the
               Participant's outstanding Post-2004 Awards shall be the date of
               such Participant's death (whether such death occurs before or
               after Termination of Employment) and (B) in the event a
               Participant incurs a Termination of Employment as a result of
               becoming Disabled or Retirement prior to the Maturity Date (and
               prior to making a deferral election described in Subsection (c)
               below), the Maturity Date of all of the Participant's Post-2004
               Awards shall be the date of his Disability or Retirement;
               provided, however, that if a Participant who incurs a Termination
               of Employment on account of Retirement is a Key Employee, the
               Participant's

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               Maturity Date shall be the six month anniversary of the date of
               his Termination of Employment (or, if earlier, the date of the
               Participant's death).

     (b)  Payment Date, Form of Payment and Value.

          (i)  Payment Date and Form. Unless a Participant timely makes a
               deferral election under Subsection (c) of this Section, the
               Participant's Employer or former Employer shall deliver to the
               Participant (or, if applicable, his Beneficiary), a check in full
               payment of the Book Value Units granted pursuant to each
               Post-2004 Award as soon as practicable following the Maturity
               Date of such Award.

          (ii) Value. For Participants who are employed on the Maturity Date,
               the value of the Book Value Units shall be based on the Book
               Value as of the Quarter Date on or immediately preceding the
               Maturity Date. For Participants who incur a Termination of
               Employment for reasons other than Disability or Retirement, the
               value of the Book Value Units shall be based on the Book Value as
               of the Quarter Date coincident with or immediately preceding the
               date of Termination (despite the fact that such amounts are not
               paid until the Maturity Date). For Participants who die or incur
               a Termination of Employment due to Disability or Retirement, the
               value of such Book Value Units shall be based on the Book Value
               as of the Quarter Date coincident with or immediately preceding
               the Maturity Date; provided, however, that if a Participant who
               incurs a Termination of Employment on account of Retirement is a
               Key Employee whose payment is delayed for 6 months, the value of
               the Book Value Units shall be based on the Book Value as of the
               Quarter Date coincident with or immediately preceding the payment
               date.

     (c)  Deferral Option. A Participant who is a citizen or resident of the
          United States may make an irrevocable election to defer receipt of
          100% of a Post-2004 Award granted to him for a particular Award Year.
          A separate deferral election may be made with respect to each
          Post-2004 Award granted under the Plan. Such a deferral election must
          be made, in writing, on a form approved by the Committee and (i) will
          not be valid unless the election is made at least 12 months prior to
          the Maturity Date of the Award and (ii) will not be given effect until
          at least 12 months after the date on which such election is made. If a
          valid and timely deferral election is made with respect to a Post-2004
          Award, the payment

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          of such Award will automatically be deferred until the 10th
          anniversary of the Grant Date of such Award. The Post-2004 Awards that
          are subject to such a deferral election shall continue to be valued in
          accordance with the terms of the Plan until the date of payment.
          Post-2004 Awards that are deferred until the 10th anniversary of the
          Grant Date shall be paid as soon as practicable thereafter in the form
          of a single, lump-sum payment and shall be based on the Book Value as
          of the Quarter Date coincident with or immediately preceding such
          date. Notwithstanding the foregoing, any deferral election under this
          Subsection (c) shall automatically terminate (and shall be of no
          further effect) upon a Participant's death or Termination of
          Employment due to Disability and payment of all such deferred Awards
          shall be made as soon as practicable following the date of such death
          or Termination of Employment due to Disability, based on the Book
          Value as of the Quarter Date coincident with or immediately preceding
          such date.

     (d)  Notwithstanding the foregoing, the Committee may at any time, upon
          written request of the Participant, cause to be paid to such
          Participant an amount equal to all or any part of the Participant's
          Post-2004 Awards, if the Committee determines, based on such
          reasonable evidence that it shall require, that such a payment or
          payments is necessary for the purpose of alleviating the consequences
          of an Unforeseeable Emergency occurring with respect to the
          Participant. Payments made on account of an Unforeseeable Emergency
          shall be permitted only to the extent the amount does not exceed the
          amount reasonably necessary to satisfy the emergency need (plus an
          amount necessary to pay taxes and penalties reasonably anticipated as
          a result of the distribution) and may not be made to the extent such
          Unforeseeable Emergency is or may be relieved through reimbursement or
          compensation by insurance or otherwise or by liquidation of the
          Participant's assets (to the extent such liquidation would not itself
          cause severe financial hardship).

11.  Amendment, Termination and Adjustments

     (a)  The Committee, in its sole and absolute discretion, may alter or amend
          this Plan from time to time; provided, however, that no such amendment
          shall, without the consent of a Participant, affect the amount of any
          outstanding Award or any Award Units of such Participant.

     (b)  The Committee, in its sole and absolute discretion, may terminate this
          Plan in its entirety at any time; provided that, except as provided in
          this Subsection, no such termination shall,

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          without the consent of a Participant, affect the amount of any
          outstanding Award or any Award Units of such Participant. Except as
          otherwise provided in an amendment to the Plan, all Target Awards and
          Awards granted prior to any termination of this Plan shall continue to
          be subject to the terms of this Plan. Notwithstanding the foregoing,
          upon a complete termination of the Plan, the Committee, in its sole
          and absolute discretion, shall have the right to change the time of
          distribution of Participants' Award Units under the Plan, including
          requiring that all such Award Units be immediately distributed in the
          form of lump sum cash payments (but only to the extent such change is
          permitted by Code Section 409(A).

     (c)  Any amendment or termination of the Plan shall be in the form of a
          written instrument executed by an officer of the Company on the order
          of the Committee. Such amendment or termination shall become effective
          as of the date specified in the instrument or, if no such date is
          specified, on the date of its execution.

     (d)  The Committee may make or provide for an adjustment in the total
          number of Award Units to be issued under this Plan as the Committee in
          its sole discretion, exercised in good faith, may determine is
          equitably required to reflect (i) any stock dividend, stock split,
          combination of shares, recapitalization or any other change in the
          capital structure of the Company, (ii) any merger, consolidation,
          spin-off, split-off, spin-out, split-up, reorganization, partial or
          complete liquidation or other distribution of assets, issuance of
          rights or warrants to purchase securities, or (iii) any other
          corporate transaction or event having an effect similar to any of the
          foregoing.

12.  General Provisions

     (a)  No Right of Employment. Neither the adoption or operation of this
          Plan, nor any document describing or referring to this Plan, or any
          part thereof, shall confer upon any employee any right to continue in
          the employ of an Employer, or shall in any way affect the right and
          power of an Employer to terminate the employment of any employee at
          any time with or without assigning a reason therefor to the same
          extent as the Employer might have done if this Plan had not been
          adopted.

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     (b)  Governing Law. The provisions of this Plan shall be governed by and
          construed in accordance with the laws of the State of North Carolina,
          except when preempted by federal law.

     (c)  Expenses. Expenses of administering the Plan shall be paid by the
          Employers, as directed by the Company.

     (d)  Assignability. No Award granted to a Participant under this Plan shall
          be transferable by him for any reason whatsoever; provided, however,
          that upon the death of a Participant the proceeds of an Award shall be
          paid as soon thereafter as practicable to the designated Beneficiary.

     (e)  Taxes. There shall be deducted from each payment under the Plan the
          amount of any tax required by any governmental authority to be
          withheld and paid over to such governmental authority for the account
          of the person entitled to such payment.

     (f)  Limitation on Rights of Participants; No Trust.

          (i)  No trust has been created by the Employers for the payment of
               Book Value Units granted under this Plan; nor have the grantees
               of Book Value Units been granted any lien on any assets of the
               Employers to secure payment of such benefits. This Plan
               represents only an unfunded, unsecured promise to pay by the
               Employer or former Employer of the Participant, and the
               Participants and Beneficiaries are merely unsecured creditors of
               the Participant's Employer or former Employer.

          (ii) Notwithstanding any other provision of the Plan to the contrary
               (but except as provided in Section 13 hereof), no Employer shall
               be required to make any payment hereunder to any Participant or
               Beneficiary if the Employer is "Insolvent" at the time such
               payment is due to be made or if the payment would jeopardize the
               solvency of the Employer; provided that the payment shall be made
               during the first calendar year in which the funds of the Employer
               are sufficient to make the payment without jeopardizing the
               solvency of the Employer. For purposes of the Plan, an Employer
               shall be considered Insolvent at such time as it (1) is unable to
               pay its debts as they mature or (2) is subject to

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               a pending voluntary or involuntary proceeding as a debtor under
               the United States Bankruptcy Code (or similar foreign law).

     (g)  Payment to Guardian. If an Award is payable to a minor, to a person
          declared incompetent or to a person incapable of handling the
          disposition of his property, the Committee may direct payment of such
          Award to the guardian, legal representative or person having the care
          and custody of such minor, incompetent or person. The Committee may
          require such proof of incompetency, minority, incapacity or
          guardianship as it may deem appropriate prior to the distribution of
          such Award. Such distribution shall completely discharge the Employers
          from all liability with respect to such Award.

     (h)  Miscellaneous.

          (i)  Headings are given to the sections of this Plan solely as a
               convenience to facilitate reference. Such headings, numbering and
               paragraphing shall not in any case be deemed in any way material
               or relevant to the construction of this Plan or any provisions
               thereof.

          (ii) The use of the masculine gender shall also include within its
               meaning the feminine. The use of the singular shall also include
               within its meaning the plural, and vice versa.

          (iii) Time of Payment/Processing. All payments under the Plan shall be
               made on, or as soon as practicable after, the specified payment
               date (and, in any event, no later than December 31 of the year
               that includes the specified payment date or, if later, by the
               15th day of the third calendar month following the specified
               payment date). Notwithstanding the foregoing, if the calculation
               of the amount payable for the Post-2004 Awards is not
               administratively practicable due to events beyond the control of
               the Employer and the Participant, the payment shall be made
               during the first calendar year in which the payment is
               administratively practicable.

          (iv) Acceleration of Payments. Notwithstanding any provision of the
               Plan to the contrary, payments of Post-2004 Awards hereunder may
               be accelerated (i) to the extent necessary to comply with a
               certificate of divestiture (as defined in Code

                                       14

<PAGE>

               Section 1043(b)(2)) or (ii) to the extent necessary to pay the
               FICA taxes imposed under Code Section 3101, and the income
               withholding taxes related thereto. Payments may also be
               accelerated if the Plan (or a portion thereof) fails to satisfy
               the requirements of Code Section 409A; provided that the amount
               of such payment may not exceed the amount required to be included
               as income as a result of the failure to comply with Code Section
               409A.

13.  Liability of Employers, Transfers and Guarantees.

     (a)  In general. The provisions of this Section 13 shall apply
          notwithstanding any other provision of the Plan to the contrary.

     (b)  Liability for Payment/Transfers of Employment.

          (i)  Subject to the provisions of clause (ii) of this Section, the
               Employers shall each be liable for the payment of the Awards
               which are payable hereunder to or on behalf of the Participants
               who are (or were) its employees.

          (ii) Notwithstanding the foregoing, if the Awards hereunder which are
               payable to or on behalf of a Participant are based on the
               Participant's employment with more than one Employer, the
               following provisions shall apply:

               (1)  Each Award shall be granted by the Employer for whom the
                    Participant was performing services during the Award Year.
                    In the event that a Participant performed services for more
                    than one Employer during the Award Year, the Award shall be
                    divided so that the Participant shall receive a pro-rata
                    number of Book Value Units from each Employer, based on the
                    Participant's service with, and compensation from, each such
                    Employer (as determined by the Committee in its sole and
                    absolute discretion).

               (2)  Notwithstanding the provisions of clause (1), (A) each
                    Employer shall be solely liable for the payment of the
                    Awards it granted to its employees or former employees; (B)
                    if a Participant has been employed by more than one
                    Employer, the Employer who employs the Participant at the
                    time of the payment of the Award shall pay the entire amount
                    of such Award;

                                       15

<PAGE>

                    (C) each Employer (unless it is Insolvent) shall reimburse
                    the paying Employer for its allocable share of the
                    Participant's Award; (D) if any responsible Employer is
                    Insolvent at the time of payment, the last Employer shall
                    not be required to make a distribution to the Participant
                    with respect to amounts which are allocable to service with
                    that Employer (until the time specified in Section
                    12(f)(ii)) ; and (E) each Employer shall (to the extent
                    permitted by applicable law) receive an income tax deduction
                    for the Employer's allocable share of the payment of the
                    Participant's Award.

     (c)  Notwithstanding the foregoing, in the event that NMHG Oregon, LLC
          (known as NMHG Oregon, Inc. prior to the close of business on December
          31, 2005) is unable or refuses to satisfy its obligations hereunder
          with respect to the payment of Awards to or on behalf of its
          employees, the Company (unless it is Insolvent) shall guarantee and be
          responsible for the payment thereof.

                                        NACCO MATERIALS HANDLING GROUP, INC.

                                        By: /s/ Charles A. Bittenbender
                                            ------------------------------------
                                        Title: Assistant Secretary
                                               ---------------------------------
                                        Date: February 8, 2006
                                              ----------------------------------

                                       16<PAGE>
                                                                   Exhibit 10.10

                          THE KITCHEN COLLECTION, INC.
                      LONG-TERM INCENTIVE COMPENSATION PLAN
                 (AS AMENDED AND RESTATED AS OF JANUARY 1, 2005)

1.   Effective Date

     The Effective Date of this amendment and restatement of The Kitchen
Collection, Inc. Long- Term Incentive Compensation Plan (the "Plan") is
January 1, 2005.

2.   Purpose of the Plan

     The purpose of this Plan is to further the long-term profits and growth of
The Kitchen Collection, Inc. (the "Company") by enabling the Company to attract
and retain key management employees by offering long-term incentive compensation
to those officers and key management employees who will be in a position to make
significant contributions to such profits and growth. This incentive is in
addition to annual compensation and is intended to reflect growth in the value
of the Company's stockholders' equity.

3.   Application of the American Jobs Creation Act ("AJCA")

     (a) Awards with Grant Dates of January 1, 2004 (the "Pre-2005 Awards") are
"grandfathered" under Code Section 409A (as enacted by the AJCA) and, as such,
will continue to be governed by the law applicable to nonqualified deferred
compensation prior to the enactment of Code Section 409A.

     (b) Awards with Grant Dates of January 1, 2005 or later (the "Post-2004
Awards") are subject to the provisions of Code Section 409A, as enacted by the
AJCA. It is intended that the provisions of the Plan that relate to the
Post-2004 Awards be administered in accordance with the requirements of Code
Section 409A, so as to prevent the inclusion in gross income of any Post-2004
Awards hereunder in a taxable year that is prior to the taxable year or years in
which such Awards would otherwise be actually paid or made available to the
Participant.

4.   Definitions

     (a) "Award" shall mean an award of Book Value Units granted to a
Participant under this Plan for an Award Year in an amount determined pursuant
to a formula which is established by the Committee not later than the 90th
calendar day of the Award Year. The Participant's Awards shall be further
divided into the Pre-2005 Awards and the Post-2004 Awards in accordance with the
terms of Section 3 hereof.

KCI LTIP/2005 Restatement

<PAGE>

     (b) "Award Units" shall mean Book Value Units which are issued pursuant to,
and with such restrictions as are imposed by, the terms of this Plan.

     (c) "Award Unit Price" as to any Book Value Unit shall mean the Book Value
on the Quarter Date coincident with or immediately preceding the Grant Date of
the Award.

     (d) "Award Year" shall mean the calendar year on which an Award is based.

     (e) "Beneficiary" shall mean the person(s) designated in writing (on a form
acceptable to the Committee) to receive the payment of all Awards hereunder in
the event of the death of a Participant. In the absence of such a designation
and at anytime when there is no existing Beneficiary hereunder, a Participant's
Beneficiary shall be his surviving legal spouse or, if none, his estate.

     (f) "Book Value" as to any Book Value Unit shall mean an amount determined
by the Committee or, if no amount is set by the Committee, as of any date (i)
the stockholders' equity (as determined in accordance with generally accepted
accounting principles, applied on a consistent basis) allocable to the Common
Stock of the Company, as set forth on the balance sheet of the Company as of the
Quarter Date coincident with or immediately preceding such date, divided by (ii)
the number of Notional Shares existing as of such Quarter Date; provided,
however, that Book Value and/or the number of Notional Shares may be adjusted to
such an extent as may be determined by the Committee to preserve the benefit of
the arrangement for holders of Book Value Units and the Company, if in the
opinion of the Committee, after consultation with the Company's independent
public accountants, changes in the Company's accounting policies, acquisitions
or other unusual or extraordinary items have materially affected the
stockholders' equity allocable to the Notional Shares.

     (g) "Book Value Unit" or "Unit" shall mean a right granted pursuant to the
terms and conditions set forth in Section 7.

     (h) "Code" shall mean the Internal Revenue Code of 1986, as amended.

     (i) "Committee" shall mean the Compensation Committee of the Company's
Board of Directors or any other committee appointed by the Company's Board of
Directors to administer this Plan in accordance with Section 5.

     (j) "Disability" or "Disabled." A Participant shall be deemed to have a
"Disability" or be "Disabled" if the Participant is determined to be totally
disabled by the Social Security Administration or if the Participant (i) is
unable to engage in any substantial gainful activity by reason of any medically
determinable physical or

<PAGE>

mental impairment which can be expected to result in death or can be expected to
last for a continuous period of not less than 12 months, or (ii) is, by reason
of any medically determinable physical or mental impairment which can be
expected to result in death or can be expected to last for a continuous period
of not less than 12 months, receiving income replacement benefits for a period
of not less than 3 months under an employer-sponsored accident and health plan.

     (k) "Grant Date" shall mean the effective date of an Award, as determined
under Section 7(b)(ii) of the Plan.

     (l) "Guidelines" shall mean the annual guidelines that are approved by the
Committee for the administration of the Awards granted under the Plan. To the
extent that there is any inconsistency between the Guidelines and the Plan, the
Guidelines shall control.

     (m) "Hay Salary Grade" shall mean the salary grade or points assigned to a
Participant by the Company pursuant to the Hay Salary System, or any successor
salary system subsequently adopted by the Company.

     (n) "Key Employee" shall mean a key employee, as defined in Section 416(i)
of the Code (without regard to paragraph (5) thereof) of the Company as long as
the stock of NACCO Industries, Inc. (or a related entity) is publicly traded on
an established securities market or otherwise on the date of the Employee's
Termination of Employment. Key Employees are identified on a controlled
group-wide basis and include non-resident alien employees (whether or not such
employees are eligible to participate in the Plan). The selected identification
date for Key Employees is December 31st. As such, any employee who is classified
by the Company as a Key Employee as of December 31st of a particular Plan Year
shall maintain such classification for the 12-month period commencing the
following April 1st. The Company shall have the sole and absolute discretion to
classify Employees as Key Employees hereunder. To the extent determined by the
Company, such classification may include up to 75 highly compensated employees
(including some who do not meet the statutory requirements of a Key Employee) as
long as such determination is made in a consistent, reasonable and good faith
manner.

     (o) "Maturity Date" shall mean the date established by the Committee with
respect to a Post-2004 Award, as determined under Section 10(a) of the Plan.

     (p) "Notional Shares" shall mean the number of assumed shares of Common
Stock of the Company as determined by the Committee from time to time in order
to implement the purposes of the Plan. The number of

<PAGE>

Notional Shares under the Plan (including the Plan as in effect prior to the
Effective Date) shall equal one million shares.

     (q) "Participant" shall mean any person who meets the eligibility criteria
set forth in Section 6 and who is granted an Award under the Plan.

     (r) "Quarter Date" shall mean the last business day of each calendar
quarter.

     (s) "Retirement" or "Retire" shall mean the termination of a Participant's
employment with the Company after the Participant has reached age 60 and
completed at least 15 years of service.

     (t) "Target Award" shall mean the dollar value of the Award to be paid to a
Participant under the Plan assuming that the performance targets are met.

     (u) "Termination of Employment" shall mean a separation of service as
defined in Code Section 409A (and the regulations and guidance issued
thereunder).

     (v) "Unforeseeable Emergency" shall mean an event which results in a severe
financial hardship to the Participant as a consequence of (i) an illness or
accident of the Participant, the Participant's spouse or a dependent within the
meaning of Code Section 152(a), (ii) loss of the Participant's property due to
casualty or (iii) other similar extraordinary and unforeseeable circumstances
arising as a result of events beyond the control of the Participant.

<PAGE>

5.   Administration

     (a) This Plan shall be administered by the Committee. A majority of the
Committee shall constitute a quorum, and the action of members of the Committee
present at any meeting at which a quorum is present, or acts unanimously
approved in writing, shall be the act of the Committee. All acts and decisions
of the Committee with respect to any questions arising in connection with the
administration and interpretation of this Plan, including the severability of
any or all of the provisions hereof, shall be conclusive, final and binding upon
the Company and all present and former Participants, all other employees of the
Company, and their respective descendants, successors and assigns. No member of
the Committee shall be liable for any such act or decision made in good faith.

     (b) The Committee shall have complete authority to interpret all provisions
of this Plan, to prescribe the form of any instrument evidencing any Award
granted under this Plan, to adopt, amend and rescind general and special rules
and regulations for its administration, and to make all other determinations
necessary or advisable for the administration of this Plan.

6.   Eligibility

     Any person who is classified by the Company as a salaried employee of the
Company generally with Hay points of 800 or above (or a compensation level
equivalent thereto), who in the judgment of the Committee occupies an officer or
other key management position in which his efforts may significantly contribute
to the profits or growth of the Company, may be awarded Book Value Units;
provided, however, that (a) directors of the Company who are not classified as
salaried employees of the Company and (b) leased employees (as such term is
defined in Code Section 414) shall not be eligible to participate in this Plan.
A person who satisfies the requirements of this Section shall become a
Participant in the Plan when granted an Award hereunder.

<PAGE>

7.   Granting of Awards

     The Committee may, from time to time and upon such conditions as it may
determine, authorize the granting of Awards to Participants, which shall be not
inconsistent with, and shall be subject to all of the requirements of, the
following provisions:

     (a) Not later than the ninetieth day of each Award Year, the Committee
shall approve (i) a Target Award to be granted to each Participant for such
Award Year and (ii) a formula for determining the amount of each Award, which
formula is based upon the Company's average return on total capital employed for
such Award Year.

     (b) Effective no later than April of the calendar year following the Award
Year, the Committee shall approve:

          (i) a preliminary calculation of the amount of each Award based upon
     the application of the formula (as in effect at the calculation date) and
     actual performance to the Target Awards previously determined in accordance
     with Section 7(a); and

          (ii) a final calculation of the amount of each Award to be granted to
     each Participant for the Award Year (with the specified "Grant Date" of
     such Award being January 1st of the calendar year following the Award
     Year). The Committee shall have the power to increase or decrease the
     amount of any Award above or below the amount determined in accordance with
     Section 7(b)(i); provided, however, no Award, including any Award equal to
     the Target Award, shall be payable under the Plan to any Participant except
     as determined by the Committee.

     (c) Calculations of Target Awards shall initially be based on a
Participant's Hay Salary Grade as of January 1 of the Award Year. However Target
Awards may be changed during or after an Award Year under the following
circumstances: (i) if a Participant receives a change in Hay Salary Grade,
salary midpoint and/or long-term incentive compensation target percentage, such
change will be reflected in a pro-rata Target Award, (ii) employees hired into
or promoted to a position eligible to participate in the Plan (as specified in
Section 6 above) during an Award Year will, if designated as a Plan Participant
by the Committee, be assigned a pro-rated Target Award based on their length of
service during an Award Year and (iii) the Committee may increase or decrease
the amount of the Target Award at any time, in its sole and absolute discretion.
In order to be eligible to receive an Award for an Award Year, the Participant
must be employed by the Company and must be a Participant on December 31 of the
Award Year; provided, however, that if a Participant dies, becomes Disabled or
Retires during the Award Year, the Participant shall be entitled to a pro-rata
portion of the Award for such

<PAGE>

Award Year, based on the number of days the Participant was actually employed by
the Company during the Award Year.

     (d) Each Award shall be granted in the form of Book Value Units. The number
of Book Value Units to be issued to a Participant shall be determined by
dividing the amount of the Award by the Award Unit Price. Notwithstanding any
other provision of the Plan, the maximum cash value of the Awards granted to a
Participant under this Plan in a single year shall not exceed $250,000.

     (e) Multiple Awards may be granted to a Participant; provided, however,
that no two Awards to a Participant may have identical performance periods.

8.   Vesting

     All Book Value Units granted pursuant to an Award hereunder shall be
immediately 100% vested as of the Grant Date.

9.   Payment of Pre-2005 Awards

     (a) Payment Restrictions. Each Pre-2005 Award shall provide that the Book
Value Units granted therein shall be subject to a payment restriction in the
manner and to the extent prescribed by the Committee for a period of five years
from the Grant Date, or such other shorter or longer period as may be specified
in the Guidelines for the Award Year. Notwithstanding the foregoing, such
payment restrictions shall automatically lapse upon death or a termination of
employment by reason of permanent disability (as determined by the Committee) or
Retirement.

     (b) Payment Date/Value. Unless a Participant makes a deferral election
under Subsection (c) of this Section, as soon as practicable following the lapse
of a payment restriction applicable to a Pre-2005 Award pursuant to Subsection
(a) of this Section, the Company shall deliver to the Participant (or, if
applicable, his Beneficiary), a check in full payment of the Book Value Units
granted pursuant to such Award. The value of such Book Value Units shall be
based on the Book Value as of the Quarter Date coincident with or immediately
preceding the date on which the payment restriction lapses; provided, however,
that for Participants who terminated employment for reasons other than permanent
disability or Retirement prior to the date on which the payment restriction
lapses, the value of such Book Value Units shall be based on the Book Value as
of the Quarter Date coincident with or immediately preceding the date of
termination.

     (c) Deferral Option. Prior to the date described in Subsection (b) of this
Section, subject to the rules and procedures specified in the Guidelines, a
Participant who is a citizen or resident of the United States may

<PAGE>

make an irrevocable election to defer receipt of 100% of a Pre-2005 Award
granted to him for a particular Award Year for a period not to exceed ten (10)
years from the Grant Date of such Pre-2005 Award. A separate deferral election
may be made with respect to each Pre-2005 Award granted under the Plan. The
Pre-2005 Awards that are subject to such a deferral election shall continue to
be subject to the terms and conditions of this Plan and shall continue to be
valued in accordance with the terms of the Plan until the date of payment (or
further deferral, as described in the following sentence). In addition, a
Participant who is a citizen or resident of the United States and who has made
an irrevocable election to defer the receipt of all of a Pre-2005 Award until
exactly ten (10) years from the Grant Date of such Award shall be permitted
(subject to the rules and procedures contained in the Guidelines) to make
another irrevocable election to further defer the receipt of 100% of such
deferred Pre-2005 Award under and into The Kitchen Collection, Inc. Deferred
Compensation Plan for Management Employees (the "Deferred Compensation Plan").
Deferred Pre-2005 Awards payable to an active employee under this Plan shall be
paid to the Participant as soon as practicable following the payment date
previously elected by the Participant and shall be based on the Book Value as of
the Quarter Date coincident with or immediately preceding such payment date.
Deferred Pre-2005 Awards which are further deferred into the Deferred
Compensation Plan shall be credited to the Deferred Compensation Plan as soon as
practicable following the 10th anniversary of the Grant Date of such Pre-2005
Award and shall be based on the Book Value as of the Quarter Date coincident
with or immediately preceding such anniversary date. Notwithstanding the
foregoing, any deferral election hereunder shall automatically terminate (and
shall be of no further effect) upon a Participant's termination of employment
with the Company for any reason (including death or disability) and payment of
all such deferred Pre-2005 Awards shall be made as soon as practicable following
the date of the Participant's termination of employment, based on the Book Value
as of the Quarter Date coincident with or immediately preceding such termination
date; provided, however, that any Pre-2005 Awards that are subject to a deferral
election at the time of a Participant's Retirement shall automatically be
deferred under and into the Deferred Compensation Plan as of the date of the
Participant's Retirement, with the value of the Book Value Units being based on
the Book Value as of the Quarter Date coincident with or immediately preceding
such Retirement date if (and only if) the Participant has a currently-effective
payment election relating to Pre-2005 Awards under the Deferred Compensation
Plan and is then eligible to participate in the Deferred Compensation Plan.

10.  Payment of Post-2004 Awards

     (a) Maturity Date.

          (i) In the Guidelines adopted for each Award Year, the Committee shall
     establish a Maturity Date for the Book Value Units granted in each
     Post-2004 Award for such Award Year which

<PAGE>

     shall generally be the fifth anniversary of the Grant Date of such
     Post-2004 Award (or such other date specified in the Guidelines); provided,
     however, that once established, the Maturity Date of an Award as specified
     in the Guidelines may not thereafter be changed.

          (ii) Notwithstanding the foregoing, (A) in the event a Participant
     dies prior to the Maturity Date, the Maturity Date of all of the
     Participant's outstanding Post-2004 Awards shall be the date of such
     Participant's death and (B) in the event a Participant incurs a Termination
     of Employment as a result of becoming Disabled or Retirement prior to the
     Maturity Date (and prior to making a deferral election described in
     Subsection (c) below), the Maturity Date of all of the Participant's
     Post-2004 Awards shall be the date of his Disability or Retirement,
     provided, however, that if a Participant who incurs a Termination of
     Employment on account of Retirement is a Key Employee, the Participant's
     Maturity Date shall be the six month anniversary of the date of his
     Termination of Employment (or, if earlier, the date of the Participant's
     death).

<PAGE>

     (b) Payment Date, Form of Payment and Value.

          (i) Payment Date and Form. Unless a Participant timely makes a
     deferral election under Subsection (c) of this Section, the Company shall
     deliver to the Participant (or, if applicable, his Beneficiary), a check in
     full payment of the Book Value Units granted pursuant to each Post-2004
     Award as soon as practicable following the Maturity Date of such Award.

          (ii) Value. For Participants who are employed on the Maturity Date,
     the value of the Book Value Units shall be based on the Book Value as of
     the Quarter Date on or immediately preceding the Maturity Date. For
     Participants who incur a Termination of Employment for reasons other than
     Disability or Retirement, the value of the Book Value Units shall be based
     on the Book Value as of the Quarter Date coincident with or immediately
     preceding the date of Termination (despite the fact that such amounts are
     not paid until the Maturity Date). For Participants who die or incur a
     Termination of Employment due to Disability or Retirement, the value of
     such Book Value Units shall be based on the Book Value as of the Quarter
     Date coincident with or immediately preceding the Maturity Date; provided,
     however, that if a Participant who incurs a Termination of Employment on
     account of Retirement is a Key Employee whose payment is delayed for 6
     months, the value of the Book Value Units shall be based on the Book Value
     as of the Quarter Date coincident with or immediately preceding the payment
     date.

     (c) Deferral Option. A Participant may make an irrevocable election to
defer receipt of 100% of a Post-2004 Award granted to him for a particular Award
Year. A separate deferral election may be made with respect to each Post-2004
Award granted under the Plan. Such a deferral election must be made, in writing,
on a form approved by the Committee and (i) will not be valid unless the
election is made at least 12 months prior to the Maturity Date of the Award and
(ii) will not be given effect until at least 12 months after the date on which
such election is made. If a valid and timely deferral election is made with
respect to a Post-2004 Award, the payment of such Award will automatically be
deferred until the 10th anniversary of the Grant Date of such Award. The
Post-2004 Awards that are subject to such a deferral election shall continue to
be valued in accordance with the terms of the Plan until the date of payment.
Post-2004 Awards that are deferred until the 10th anniversary of the Grant Date
shall be paid as soon as practicable thereafter in the form of a single,
lump-sum payment and shall be based on the Book Value as of the Quarter Date
coincident with or immediately preceding such date. Notwithstanding the
foregoing, any deferral election under this Subsection (c) shall automatically
terminate (and shall be of no further effect) upon a Participant's death or
Termination of Employment due to Disability and payment of all such deferred
Awards shall be made as soon as practicable

<PAGE>

following the date of such death or Termination of Employment due to Disability,
based on the Book Value as of the Quarter Date coincident with or immediately
preceding such date.

     (d) Notwithstanding the foregoing, the Committee may at any time, upon
written request of the Participant, cause to be paid to such Participant an
amount equal to all or any part of the Participant's Post-2004 Awards, if the
Committee determines, based on such reasonable evidence that it shall require,
that such a payment or payments is necessary for the purpose of alleviating the
consequences of an Unforeseeable Emergency occurring with respect to the
Participant. Payments made on account of an Unforeseeable Emergency shall be
permitted only to the extent the amount does not exceed the amount reasonably
necessary to satisfy the emergency need (plus an amount necessary to pay taxes
and penalties reasonably anticipated as a result of the distribution) and may
not be made to the extent such Unforeseeable Emergency is or may be relieved
through reimbursement or compensation by insurance or otherwise or by
liquidation of the Participant's assets (to the extent such liquidation would
not itself cause severe financial hardship).

11.  Amendment, Termination and Adjustments

     (a) The Committee, in its sole and absolute discretion, may alter or amend
this Plan from time to time; provided, however, that no such amendment shall,
without the consent of a Participant, affect the amount of any outstanding Award
or any Award Units of such Participant.

     (b) The Committee, in its sole and absolute discretion, may terminate this
Plan in its entirety at any time; provided that, except as provided in this
Subsection, no such termination shall, without the consent of a Participant,
affect the amount of any outstanding Award or any Award Units of such
Participant. Except as otherwise provided in an amendment to the Plan, all
Target Awards and Awards granted prior to any termination of this Plan shall
continue to be subject to the terms of this Plan. Notwithstanding the foregoing,
upon a complete termination of the Plan, the Committee, in its sole and absolute
discretion, shall have the right to change the time of distribution of
Participants' Award Units under the Plan, including requiring that all such
Award Units be immediately distributed in the form of lump sum cash payments
(but only to the extent such change is permitted by Code Section 409A).

     (c) Any amendment or termination of the Plan shall be in the form of a
written instrument executed by an officer of the Company on the order of the
Committee. Such amendment or termination shall become effective as of the date
specified in the instrument or, if no such date is specified, on the date of its
execution.

     (d) The Committee may make or provide for an adjustment in the total number
of Award Units to be issued under this Plan as the Committee in its sole
discretion, exercised in good faith, may determine is

<PAGE>

equitably required to reflect (i) any stock dividend, stock split, combination
of shares, recapitalization or any other change in the capital structure of the
Company, (ii) any merger, consolidation, spin-off, split-off, spin-out,
split-up, reorganization, partial or complete liquidation or other distribution
of assets, issuance of rights or warrants to purchase securities, or (iii) any
other corporate transaction or event having an effect similar to any of the
foregoing.

12.  General Provisions

     (a) No Right of Employment. Neither the adoption or operation of this Plan,
nor any document describing or referring to this Plan, or any part thereof,
shall confer upon any employee any right to continue in the employ of the
Company, or shall in any way affect the right and power of the Company to
terminate the employment of any employee at any time with or without assigning a
reason therefor to the same extent as the Company might have done if this Plan
had not been adopted.

     (b) Governing Law. The provisions of this Plan shall be governed by and
construed in accordance with the laws of the State of Ohio, except when
preempted by federal law.

     (c) Liability for Payment/Expenses.

          (i) The Company shall be liable for the payment of any Award to or on
     behalf of a Participant.

          (ii) Expenses of administering the Plan shall be paid by the Company.

     (d) Assignability. No Award granted to a Participant under this Plan shall
be transferable by him for any reason whatsoever; provided, however, that upon
the death of a Participant the right to the proceeds of an Award shall be
transferred to a Beneficiary.

     (e) Taxes. There shall be deducted from each payment under the Plan the
amount of any tax required by any governmental authority to be withheld and paid
over to such governmental authority for the account of the person entitled to
such payment.

     (f) Limitation on Rights of Participants; No Trust.

          (i) No trust has been created by the Company for the payment of Book
     Value Units granted under this Plan; nor have the grantees of Book Value
     Units been granted any lien on any assets of the Company to secure payment
     of such benefits. This Plan represents only an unfunded, unsecured

<PAGE>

     promise to pay by the Company, and the Participants and Beneficiaries are
     merely unsecured creditors of the Company.

          (ii) Notwithstanding any other provision of the Plan to the contrary,
     the Company shall not be required to make any payment hereunder to any
     Participant or Beneficiary if the Company is "Insolvent" at the time such
     payment is due to be made or if the payment would jeopardize the solvency
     of the Company, provided that the payment shall be made during the first
     calendar year in which the funds of the Company are sufficient to make the
     payment without jeopardizing the solvency of the Company. For purposes of
     the Plan, the Company shall be considered Insolvent at such time as it (1)
     is unable to pay its debts as they mature or (2) is subject to a pending
     voluntary or involuntary proceeding as a debtor under the United States
     Bankruptcy Code (or similar foreign law).

     (g) Payment to Guardian. If an Award is payable to a minor, to a person
declared incompetent or to a person incapable of handling the disposition of his
property, the Committee may direct payment of such Award to the guardian, legal
representative or person having the care and custody of such minor, incompetent
or person. The Committee may require such proof of incompetency, minority,
incapacity or guardianship as it may deem appropriate prior to the distribution
of such Award. Such distribution shall completely discharge the Company from all
liability with respect to such Award.

     (h) Miscellaneous.

          (i) Headings are given to the sections of this Plan solely as a
     convenience to facilitate reference. Such headings, numbering and
     paragraphing shall not in any case be deemed in any way material or
     relevant to the construction of this Plan or any provisions thereof.

          (ii) The use of the masculine gender shall also include within its
     meaning the feminine. The use of the singular shall also include within its
     meaning the plural, and vice versa.

          (iii) Time of Payment/Processing. All payments under the Plan shall be
     made on, or as soon as practicable after, the specified payment date (and,
     in any event, no later than December 31 of the year that includes the
     specified payment date or, if later, by the 15th day of the third calendar
     month following the specified payment date). Notwithstanding the foregoing,
     if the calculation of the amount payable for the Post-2004 Awards is not
     administratively practicable due to events beyond the control of the
     Company and the Participant, the payment shall be made during the first
     calendar year in which the payment is administratively practicable.

<PAGE>

          (iv) Acceleration of Payments. Notwithstanding any provision of the
     Plan to the contrary, payments of Post-2004 Awards hereunder may be
     accelerated (i) to the extent necessary to comply with a certificate of
     divestiture (as defined in Code Section 1043(b)(2)) or (ii) to the extent
     necessary to pay the FICA taxes imposed under Code Section 3101, and the
     income withholding taxes related thereto. Payments may also be accelerated
     if the Plan (or a portion thereof) fails to satisfy the requirements of
     Code Section 409A; provided that the amount of such payment may not exceed
     the amount required to be included as income as a result of the failure to
     comply with Code Section 409A.

                                        THE KITCHEN COLLECTION, INC.

                                        By: /s/ Charles A. Bittenbender
                                            ------------------------------------
                                        Title: Assistant Secretary
                                               ---------------------------------
                                        Date: February 8, 2006
                                              ----------------------------------

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