Document:

QEP Executive Deferred Compensation Plan

 Exhibit 10.1 
  
 QEP 
  
 EXECUTIVE DEFERRED COMPENSATION PLAN 
  
 (EFFECTIVE DECEMBER 15, 2004) 

 

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	 Article I
	  	 
		
	 Establishment and Purpose
	  	Page 3
		
	 Article II
	  	 
		
	 Definitions
	  	Page 3
		
	 Article III
	  	 
		
	 Eligibility and Participation
	  	Page 8
		
	 Article IV
	  	 
		
	 Deferral Elections, Company Contributions, Account Valuation
	  	Page 9
		
	 Article V
	  	 
		
	 Company Contributions
	  	Page 11
		
	 Article VI
	  	 
		
	 Valuation of Accounts; Deemed Investments
	  	Page 12
		
	 Article VII
	  	 
		
	 Distribution and Withdrawals
	  	Page 13
		
	 Article VIII
	  	 
		
	 Administration
	  	Page 15
		
	 Article IX
	  	 
		
	 Amendment and Termination
	  	Page 16
		
	 Article X
	  	 
		
	 Informal Funding
	  	Page 17
		
	 Article XI
	  	 
		
	 Claims
	  	Page 18
		
	 Article XII
	  	 
		
	 General Conditions
	  	Page 20

  

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 ARTICLE I 
  
 ESTABLISHMENT AND PURPOSE 
  
 Q. E. P. Co., Inc. (the “Company”) hereby adopts the QEP Executive Deferred
Compensation Plan (the “Plan”), effective December 15, 2004 (the “Effective Date”). The purpose of the Plan is to provide each Participant with an opportunity to defer receipt of a portion of their salary, bonus, and other
specified cash compensation. The Plan is not intended to meet the qualification requirements of Section 401(a) of the Code, but is intended to be an unfunded arrangement providing deferred compensation to eligible employees who are part of a select
group of management or highly compensated employees of the Company within the meaning of Sections 201, 301 and 401 of ERISA. The Plan is intended to be exempt from the requirements of Parts 2, 3 and 4 of Title I of ERISA as a “top hat”
plan, and to be eligible for the alternative method of compliance for reporting and disclosure available for unfunded “top hat” plans. 
  
 ARTICLE II 
  
 DEFINITIONS 
  

	2.1	Account. Account means a bookkeeping account maintained by the Company to record deferrals allocated to it by the Participant, Company Contributions (if any), Deemed
Investments, distributions, and such other transactions, if any, that may be required to properly administer the Plan. An Account shall be utilized solely as a device for the measurement of the value of the Account Balance to be paid to the
Participant under the Plan. The Account shall not constitute or be treated as an escrow, trust fund, or any other type of funded account for Code or ERISA purposes and amounts credited thereto shall not be considered “plan assets” for
federal income tax or ERISA purposes. 

  

	2.2	Account Balance. Account Balance means, with respect to the Deferred Compensation Account or any component Account, the value of such Account as of the most recent Valuation
Date. 

  

	2.3	Act. Act means the American Jobs Creation Act of 2004, as amended, and the Treasury regulations promulgated thereunder. 

  

	2.4	Allocation Election. Allocation Election means a choice by a Participant of one or more Investment Options, and the allocation among them, in which future Participant
deferrals and/or existing Account Balances are Deemed Invested for purposes of determining earnings in a particular Account. 

  

	2.5	Beneficiary. Beneficiary means a natural person, estate, or trust designated by a Participant to receive benefits to which a Beneficiary is entitled in accordance with
provisions of the Plan. The Participant’s spouse, if living, otherwise the Participant’s estate, shall be the Beneficiary if: 

  

	 	a.	the Participant has not designated a natural person or trust as Beneficiary, or 

  

	 	b.	the designated Beneficiary(ies) has/have all predeceased the Participant. 

  

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	2.6	Business Day. A Business Day is each day on which the New York Stock Exchange is open for business. 

  

	2.7	Cause. Cause means: (a) the conviction of the Participant of a felony (including a plea of no contest or nolo contendere); (b) actions by the Participant involving moral
turpitude; (c) willful failure of the Participant to comply with the directives of the Participant’s superiors; (d) chronic absenteeism of the Participant; (e) willful misconduct of the Participant resulting in damage to the Company or any of
its subsidiaries or affiliated companies; or (f) the Participant’s illegal use of controlled substances. 

  

	2.8	Change in Control. With respect to any entity, a Change in Control will have occurred at the time specified for a “change of control” under Treasury regulations
promulgated under the Act. 

  

	2.9	Chief Executive Officer. Chief Executive Officer means the individual who performs the functions of a Chief Executive Officer for the Company. 

  

	2.10	Code. Code means the Internal Revenue Code of 1986, as amended from time to time. 

  

	2.11	Company. Company means Q. E. P. Co., Inc. and its successors. 

  

	2.12	Company Contribution. Company Contribution means a credit by the Company or a Participating Employer to a Participant’s Account in accordance with the provisions of
Article V of the Plan. Company Contributions are made or not made in the sole discretion of the Company, or Participating Employer, and the fact that a Company Contribution is made in one year shall not obligate the Company or a Participating
Employer to continue to make such Company Contribution in subsequent years. 

  

	2.13	Company Discretionary Contribution. Company Discretionary Contribution means a Company Contribution made in the sole discretion of the Company or a Participating Employer in
accordance with Section 5.1 of the Plan. 

  

	2.14	Compensation. Compensation means, for purposes of this Plan, base salary (including any deferred salary under a Code Section 401(k) or 125 plan), bonus, commission, and such
other cash or equity-based compensation (if any) approved by the Plan Administrator as Compensation for purposes of this Plan. Compensation shall not include payroll deductions pursuant to any other employee benefit plan or any contract or
arrangement between the Participant and the Participating Employer or any deduction required by law or court order. 

  

	2.15	Compensation Deferral Agreement. Compensation Deferral Agreement means an agreement submitted to the Plan Administrator in which a Participant (a) makes an election to defer
Compensation in accordance with Section 4.1, (b) makes an Allocation Election with respect to his or her Accounts, (c) specifies any In Service Distribution Dates and (d) specifies a Payment Schedule with respect to payments from the Plan.

  

	a.	A Compensation Deferral Agreement remains in effect until modified in accordance with the Plan. Notwithstanding the foregoing, and subject to the provisions of Section 3.3, the Plan
Administrator may modify a Participant’s Compensation Deferral Agreement at any time to conform the Compensation Deferral Agreement and the Plan to applicable law. 

  

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	b.	The Compensation Deferral Agreement will consist of a form agreement prepared under the authority of the Plan Administrator. A completed Compensation Deferral Agreement, and any
modifications thereto authorized under the Plan, may be submitted to the Plan Administrator in paper or electronic form, under procedures prescribed by the Plan Administrator. 

  

	c.	Notwithstanding any provision of this Plan to the contrary, a Participant may revoke or modify a Compensation Deferral Agreement intended to be effective for deferrals in calendar
year 2005 within the time and in the manner specified under and to the extent necessary to comply with Treasury regulations promulgated under the Act and in accordance with rules established by the Plan Administrator. 

  

	2.16	Death Benefit. Death Benefit shall mean a distribution of the total amount of the Participant’s Deferred Compensation Account Balance, including any remaining unpaid In
Service Account balances, to the Participant’s Beneficiary(ies) in accordance with Article VII of the Plan. 

  

	2.17	Deemed Investment. A Deemed Investment means the conversion of a dollar amount of deferred Compensation and Company Contributions (if any) credited to a Participant’s
Deferred Compensation Account into notional shares or units or ownership (or a fraction of such measures of ownership, if applicable) of a security (e.g. mutual fund, company stock, or other investment) which is referred to by the Investment
Option(s) selected by the Participant. The conversion shall occur as if shares (or units) of the designated investment were being purchased (or sold, in the case of a distribution) at the purchase price as of the close of business of the day on
which the Deemed Investment occurs. At no time shall a Participant have any real or beneficial ownership in the actual security to which the Investment Option refers, irrespective of whether such a Deemed Investment is mirrored by an actual
identical investment by the Company or a trustee acting on behalf of the Company. 

  

	2.18	Deferred Compensation Account. Deferred Compensation Account means the Account that records the total amount of liability of the Company to the Participant at any point in
time, and includes all unpaid In Service Accounts, the Retirement/Termination Account, and any other Account maintained by the Plan Administrator (e.g. a separate Company Contribution Account) to properly administer the Plan.

  

	2.19	Deferred Compensation Committee or “Committee”. Deferred Compensation Committee, or “Committee” means a committee comprised of [list officers or directors
by title]. 

  

	2.20	Disability. Disability means that a Participant is considered disabled within the meaning of Section 409A(a)(2)(C) of the Code and the Treasury regulations promulgated
thereunder. The determination of the existence of a Disability shall be made by the Plan Administrator in accordance with the Act. 

  

	2.21	Disability Benefit. Disability Benefit means payment by the Participating Employer to the Participant of the Deferred Compensation Account Balance due to the
Participant’s Disability. A Disability shall be paid according to the Payment Schedule applicable to the Participant’s Retirement/Termination Benefit. 

  

	2.22	Effective Date. Effective Date means December 15, 2004. The Plan is effective for Compensation earned on and after January 1, 2005. 

  

	2.23	Eligible Employee. Eligible Employee means an Employee of a Participating Employer who is part of a select group of management or highly compensated employees of the Company
(which 

  

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 also includes for this purpose its subsidiaries and affiliated companies) within the meaning of Sections
201(2), 301(a)(3) and 401(a)(1) of ERISA, and who is selected by the Committee to participate in the Plan. 
  

	2.24	Employee. Employee means a full-time salaried employee of a Participating Employer. 

  

	2.25	ERISA. ERISA means the Employee Retirement Income Security Act of 1974, as amended from time to time. 

  

	2.26	In Service Distribution. In Service Distribution means a payment by a Participating Employer to a Participant from an In Service Account on or after the In Service
Distribution Date. 

  

	2.27	In Service Account. In Service Account means each Account established pursuant to Section 4.6 to identify the portion of a Participant’s Deferred Compensation Account to
be paid on each In Service Distribution Date. Each In Service Account shall be credited with deferrals as specified in the Participant’s Compensation Deferral Agreements, plus earnings on Deemed Investments in accordance with such
Participant’s Allocation Election. A Participant may have a maximum of three In Service Accounts with Balances greater than zero at any given time (or such other maximum amount as determined by the Plan Administrator). A single In Service
Account shall be maintained with respect to each In Service Distribution Date and all elections with respect thereto (other than an Allocation Election) shall apply to the entire In Service Account Balance. 

  

	2.28	In Service Distribution Date. In Service Distribution Date means the date on which payments of an In Service Account Balance will commence in accordance with a Payment
Schedule. 

  

	2.29	Investment Option. Investment Option means a notional security such as a mutual fund, life insurance policy separate account, company stock, or other investment approved by
the Plan Administrator for use as part of an Investment Option menu, which a Participant may elect as a measuring device to determine Deemed Investment earnings (positive or negative) to be valued in the Participant’s Account(s). The
Participant has no real or beneficial ownership in the security or other investment represented by the Investment Option. 

  

	2.30	Participant. Participant means an Eligible Employee who: (1) has elected to defer Compensation in accordance with the Plan; (2) has received a Company Contribution; or (3)
has a Deferred Compensation Account Balance greater than zero, regardless of whether the Participant is employed by a Participating Employer. A Participant’s continued participation in the Plan shall be governed by Section 3.2 of the Plan.

  

	2.31	Participating Employer. Participating Employer means a subsidiary or affiliate of the Company that has adopted the Plan and that assumes responsibility for payment of
benefits to its employees who are Participants in accordance with the terms of the Plan. “Participating Employer” shall mean the Company and all Participating Employers when the context so requires. 

  

	2.32	Payment Schedule. Payment Schedule means the form of a benefit payment under the Plan. A Qualifying Termination Benefit or Death Benefit may be paid (a) in a lump sum between
0% and 100% of the Participant’s Deferred Compensation Account and (b) the balance, if any, in up to fifteen annual installments. An In Service Account may be paid (c) in a lump sum equal to 100% of the In Service Account Balance or (d) in
annual installments from two to five years. 

	

  

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	2.33	Performance-Based Compensation. Performance-Based Compensation means Compensation based on services performed over a period of not less than twelve months and which meets any
additional requirements for “performance-based compensation” under the Act. 

  

	2.34	Plan. Plan means the QEP Executive Deferred Compensation Plan as documented herein and as may be amended from time to time hereafter. 

  

	2.35	Plan Administrator. Plan Administrator means the person or persons designated by the Chief Executive Officer of the Company. The Plan Administrator is responsible for such
record keeping and other administrative responsibilities delegated to it by the Committee and as are specified under the Plan. 

  

	2.36	Plan Year. Plan Year means January 1 through December 31. 

  

	2.37	Qualifying Termination. Qualifying Termination shall mean a Separation from Service, other than for Cause, if at the time of Separation from Service a Participant has
attained age 62 and has at least five (5) years of service with the Company or a Participating Employer. 

  

	2.38	Qualifying Termination Benefit. Qualifying Termination Benefit shall mean a payment by the Company or Participating Employer of the Participant’s Deferred Compensation
Account Balance to the Participant in accordance with the Participant’s Payment Schedule election or as otherwise specified in Article VII of the Plan. 

  

	2.39	Retirement/Termination Account. Retirement/Termination Account shall mean, prior to the payment of a Qualifying Termination Benefit or a Termination Benefit, that portion of
the Deferred Compensation Account not allocated to In Service Accounts. A Retirement/Termination Account shall be maintained as a single Account and all elections with respect thereto (other than an Allocation Election) shall apply to the entire
Retirement/Termination Account Balance. 

  

	2.40	Separation from Service. Separation from Service shall mean the termination of a Participant’s employment with the Company (or Participating Employer that is the
Participant’s employer), for any reason. The foregoing notwithstanding, if a Participant transfers to the employ of a Participating Employer (or the Company) immediately after (i) terminating employment with another Participating Employer (or
the Company) or (ii) within 30 days following the date on which the Participant’s employer (the Company or a Participating Employer) has a Change in Control, no Separation from Service shall be deemed to have occurred for purposes of this Plan.
Whether a Separation from Service has occurred will be subject to Treasury regulations promulgated under the Act. 

  

	2.41	Termination Benefit. Termination Benefit shall mean a payment by the Company or Participating Employer of the Participant’s Deferred Compensation Account Balance to the
Participant on account of a Separation from Service that is not a Qualifying Termination in accordance with as specified in Article VII of the Plan. 

  

	2.42	Unforeseeable Emergency. An unforeseeable emergency is a severe financial hardship to the Participant resulting from a sudden and unexpected illness or accident of the
Participant or of a dependent (as defined in section 152(a)) of the Participant, loss of the Participant’s property due to casualty, or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control
of the Participant, as defined in Reg. 1.457-2(h)(4) and Treasury regulations issued under the Act. The Plan Administrator, in its sole discretion and subject to the requirements of the Act, shall determine whether a Participant has experienced an
unforeseeable emergency. 

  

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	2.43	Valuation Date. Valuation Date shall mean each Business Day except as specified below. A Retirement/Termination Benefit’s Valuation Date shall be the last day of the
month in which the Participant’s Separation from Service occurs. However, if the Participant is a “key employee” as described in Section 7.2, the Retirement/Termination Valuation Date is the last day of the six-month period following
the Participant’s Separation from Service. An In Service Distribution’s Valuation Date shall be the last day of the month in which the In Service Distribution Date occurs. The Valuation Date for a Disability Benefit shall be the last
Business Day of the month in which the Plan Administrator determines that the Participant is Disabled. The Valuation Date for a Death Benefit is the last day of the month in which the Participant’s death occurs. The Valuation Date for a Change
in Control is two full years from the last Business Day of the month in which the Change in Control occurs. For purposes of calculating the amount of an installment payment, the Valuation Date is the anniversary of the Valuation Date on which such
installment payments commenced. 

  
 ARTICLE III

  
 ELIGIBILITY AND
PARTICIPATION 
  

	3.1	Eligibility and Participation. Each Eligible Employee shall be eligible to participate in this Plan. An Eligible Employee becomes a Participant upon submission of a
Compensation Deferral Agreement to the Plan Administrator. 

  

	3.2	Duration. A Participant shall be eligible to defer Compensation and receive allocations of Company Contributions subject to the terms of the Plan as long as such Participant
is an Eligible Employee. A Participant who is no longer an Eligible Employee but continues to be employed by a Participating Employer may not defer Compensation but may otherwise exercise all of the rights of a Participant under the Plan with
respect to his or her Deferred Compensation Account. On and after a Separation from Service, a Participant shall remain a Participant as long as his or her Compensation Deferral Account is greater than zero and during such time may continue to make
Allocation Elections. An individual shall cease participation in the Plan when all benefits under the Plan to which he or she is entitled have been paid. 

  

	3.3	Revocation of Future Participation. Notwithstanding the provisions of Section 3.2, the Committee may, in its discretion, revoke such Participant’s eligibility to make
future deferrals under this Plan. Such revocation will not affect in any manner a Participant’s Deferred Compensation Account or other terms of this Plan. 

  

	3.4	Notification. Each newly Eligible Employee shall be notified by the Plan Administrator, in writing, of his or her eligibility to participate in this Plan.

  

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 ARTICLE IV 
  
 DEFERRAL ELECTIONS 
  

	4.1	Deferral Elections. A Participant shall make deferral elections by completing and submitting to the Plan Administrator the Compensation Deferral Agreement which shall specify
the deferral, investment and distribution information as described in this Article IV. All Compensation deferred by a Participant under this Plan shall be 100% vested at all times. 

  

	4.2	Time of Election. 

  

	 	(a)	Initial Eligibility. In the case of the Plan Year in which an Employee first becomes an Eligible Employee, a Compensation Deferral Agreement that defers Compensation with
respect to services to be performed in such Plan Year and subsequent to the election must be submitted to the Plan Administrator within 30 days after such Eligible Employee receives the notice described in Section 3.4. 

  

	 	(b)	Subsequent Plan Years. For any subsequent Plan Year, the Compensation Deferral Agreement containing the election to defer Compensation for services performed during such Plan
Year must be submitted to the Plan Administrator no later than the close of the preceding Plan Year. 

  

	 	(c)	Performance-Based Compensation. Notwithstanding the foregoing, a Compensation Deferral Agreement containing an election to defer Performance-Based Compensation must be
submitted to the Plan Administrator no later than six months prior to the end of the period in which the services are performed and in accordance with the Act. 

  

	4.3	Amount of Deferral. The deferral election under a Compensation Deferral Agreement shall designate a dollar amount or whole percentage of Compensation to be deferred. The Plan
Administrator may establish a minimum or maximum deferral amount for each component of Compensation and may permit separate elections for each component of Compensation. Unless otherwise specified by the Plan Administrator in the Compensation
Deferral Agreement, Participants may defer up to 50% of their base salary and up to 100% of their bonus or commission for a Plan Year. 

  

	4.4	Changes To A Deferral Election. 

  

	 	(a)	Right to Modify Prospectively. An election to defer Compensation applies to the Plan Year specified in the Compensation Deferral Agreement and remains in effect for each
subsequent Plan Year until modified or revoked. A Participant may modify or revoke an election to defer Compensation during any enrollment period designated by the Plan Administrator. A modification or revocation of an election to defer Compensation
will be effective for the following Plan Year. 

  

	 	(b)	Performance-Based Compensation. An election to defer Performance-Based Compensation applies to the service period specified in the Compensation Deferral Agreement and remains
in effect for future Performance-Based Compensation until modified or revoked during an enrollment period designated by the Plan Administrator. A modification or revocation will apply prospectively to the Performance-Based Compensation described in
the enrollment materials. 

  

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	 	(c)	Unforeseeable Emergency. A Participant may revoke an election to defer Compensation during the Plan Year in which such Compensation is earned (or, in the case of
Performance-Based Compensation, after the deadline specified in the enrollment materials) only in the case of an Unforeseeable Emergency and with the consent of the Plan Administrator which it may or may not give in its sole discretion.

  

	4.5	Allocation Elections. A Participant’s deferral election may also specify the Investment Options in which deferrals will be deemed to be invested in accordance with
Section 6.2. 

  

	4.6	In Service Distributions. 

  

	 	a)	Initial Election. A Participant’s Compensation Deferral Agreement may designate In Service Distribution Date(s). The Plan Administrator shall create an In Service
Account for each In Service Distribution Date to be credited with the portion of deferred Compensation designated under the Compensation Deferral Agreement. In order for any portion of a deferral to be credited to an In Service Account, the In
Service Distribution Date must be specified no later than the applicable submission deadline described in Section 4.2 for the Deferred Compensation Agreement under which the deferral is made. Any portion of a deferral not designated for an In
Service Distribution will be credited to the Retirement/Termination Account. 

  

	 	(b)	Modification. A Participant may change or cancel an In Service Distribution Date, as follows: 

  

	 	(i)	An existing In Service Distribution Date may be changed so long as the date that such modification is submitted to the Plan Administrator is at least twelve (12) months prior to the
existing In Service Distribution Date. Any modification of a Payment Schedule made within twelve (12) months of the In Service Distribution Date shall be null and void, and the most recent Payment Schedule dated at least twelve (12) months prior to
the In Service Distribution Date shall be deemed to be in effect. 

	 	

	 	(ii)	The first payment under the modified In Service Distribution Date must occur at least five years after the date such payment would have been made absent the modification. In Service
Distribution Dates may not be accelerated. 

	 	

	 	(iii)	An election to change an In Service Distribution Date is specific to the In Service Account to which it refers, and shall not affect other In Service Accounts (except to the extent
the change results in two In Service Accounts with the same In Service Distribution Date, in which case the Accounts are merged) or the ability of the Participant to designate new In Service Distribution Dates with respect to future Compensation
deferrals. 

	 	

	 	(iv)	The modification of an In Service Distribution Date shall be subject to such further Treasury regulations as are promulgated under the Act. 

  

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	4.7	Payment Schedule. A Compensation Deferral Agreement may specify the Payment Schedule for a Participant’s In Service Distribution(s), Death Benefit, and Qualifying
Termination Benefit. If no designation is in effect, a distribution will be made in a single lump sum. 

  

	 	(a)	Modification—Qualifying Termination Benefit and Death Benefit. A Participant may modify his or her Qualifying Termination Benefit or Death Benefit Payment Schedule,
provided (i) such election is made at least twelve (12) months prior to the date the Participant incurs a Separation from Service (or dies, as applicable) and the date the first payment is scheduled to be made, (ii) the time period during which
payments are made is not reduced, and (iii) with respect to the Qualifying Termination Benefit, the payment (or first payment, in the case of installment payments) with respect to which such election is made is deferred for a period of not less than
five years from the date such payment would otherwise have been made. Any modification of a Payment Schedule made within twelve (12) months of a Separation from Service (or Participant’s death) shall be null and void, and the most recent
Payment Schedule dated at least twelve (12) months prior to the Separation from Service (or Participant’s death) shall be deemed to be in effect. 

  
 ARTICLE V 
  
 COMPANY CONTRIBUTIONS 
  

	5.1	Company Make-Up Contribution. The Company will credit a Participant’s Retirement/Termination Account at the end of each Plan Year in an amount (if any) equal to (i)
minus (ii) where: (i) equals the amount of the Company matching contribution to the Participant’s account in the Company-sponsored Code Section 401(k) plan (“401(k) plan”) that would have been made by the Company during the 401(k)
plan year that corresponds to this Plan’s Plan Year if such Participant’s “Compensation” (for 401(k) plan purposes) had not been reduced because of deferrals into this Plan; and (ii) equals the actual amount of the Company
matching contribution to the 401(k) plan for such Participant during such plan year. The amount of the Company Make-Up Contribution will be determined by the Plan Administrator in its sole and absolute discretion. 

  

	5.2	Vesting. The Company Contributions in Section 5.1 above, and the Deemed Investment earnings thereon, shall vest in accordance with vesting schedule that applies to company
matching contributions in the Company-sponsored Code Section 401(k) plan, unless a separate vesting schedule is determined by the Committee. The foregoing provisions concerning vesting of Company Contributions notwithstanding, and subject to the
requirements of Treasury regulations promulgated under the Act, all Company Contributions shall become 100% vested upon the occurrence of the earliest of: (a) Retirement; (b) death of the Participant; (c) Disability of the Participant; and (d)
Change in Control. 

  

	5.3	Company Discretionary Contributions and Vesting. Each Participating Employer may, in its sole and absolute discretion, make Company Discretionary Contributions to one, some,
or all Participant(s) by crediting to such Participants’ Retirement/Termination Accounts with an amount determined in the sole and absolute discretion of such Participating Employer. A Company Discretionary Contribution may be made at any time
during the Plan Year. A Participating Employer shall be under no obligation to make Company Discretionary Contributions unless it so obligates itself under an employment agreement or other agreement. The Plan Administrator shall communicate the
vesting schedule applicable to each Company Discretionary Contribution. In 

  

 11 

 the absence of such communication, all Company Discretionary Contributions shall vest at the end of the
Plan Year following the Plan Year during which the Company Discretionary Contribution was credited to the Participant’s account. 
  
 ARTICLE VI 
  
 Valuation of Accounts; Deemed Investments 
  

	6.1	Valuation. The valuation of a Participant’s Accounts will be adjusted as of each Valuation Date to reflect deferrals, earnings and losses on Deemed Investments and
distributions since the previous Valuation Date. Valuation of Accounts shall be performed under procedures approved by the Plan Administrator. Deferrals pertaining to base salary shall be deducted on a proportionate basis from each paycheck the
Participant receives during the Plan Year and credited to the Participant’s Accounts as of the date such Compensation would have otherwise been paid. Deferrals pertaining to other forms of Compensation shall be credited to the
Participant’s Accounts as of the day such Compensation otherwise would have been paid. 

  

	6.2	Allocation Elections. Participants may make an Allocation Election pursuant to which their Accounts will be credited with earnings and losses on Deemed Investments. A
Participant may make a new Allocation Election with respect to future deferrals or current Account Balances (or both), provided that such new allocations shall be in increments of one percent (1%) and apply to the entire Account Balance. Subject to
restrictions on the timing and number of permitted changes to Allocation Elections within certain time periods (if any) established by the Plan Administrator, new Allocation Elections may be made on any Business Day, and will become effective on the
same Business Day or, in the case of Allocation Elections received after a cut-off time established by the Plan Administrator, the following Business Day. All deferrals shall be credited to the appropriate Account and a Deemed Investment shall be
made in the investment(s) represented by the Investment Option(s) elected by the Participant as of the close of business on the deferral date or as otherwise provided by the Plan Administrator. 

  

	6.3	Investment Options. Deemed Investments shall consist of a menu of Investment Options provided by the Committee. Investment Options do not represent actual ownership of, nor
ownership rights in or to, the securities or other investments to which the Investment Options refer. The Committee, in its sole discretion, shall be permitted to add or remove Investment Options provided that any such additions or removals of
Investment Options shall not be effective with respect to any period prior to the effective date of such change. Any portion of an Account or new deferrals which has not been allocated or which cannot be allocated under a Participants Allocation
Election shall be deemed to be invested in a default Investment Option specified by the Plan Administrator. Such Investment Option shall have, as its primary objective, the preservation of capital. 

  

 12 

	6.4	Company Investments. Notwithstanding anything in this section to the contrary, the Committee shall have the sole and exclusive authority to invest any or all amounts deferred
in any manner, regardless of any Allocation Elections by any Participant. A Participant’s Allocation Election and Deemed Investments shall be used solely for purposes of determining the value of such Participant’s Account Balances and the
amount of the corresponding liability of the Participating Employer in accordance with this Plan. 

  
 ARTICLE VII 
  
 DISTRIBUTIONS AND WITHDRAWALS 
  

	7.1	In Service Distributions. 

  

	 	(a)	Each In Service Distribution shall be paid in accordance with the Payment Schedule election made with respect thereto, beginning as soon as administratively practicable following
the Valuation Date. In the event a Participant has elected installment payments for an In Service Distribution, the installment payments shall be determined as set forth in Section 7.3 of the Plan. 

  

	 	(b)	Notwithstanding a Participant’s election to receive an In Service Distribution, all In Service Account Balances shall be distributable as part of a Disability or Death Benefit
if the triggering date for such Benefit occurs prior to the completion of payment(s) elected in connection with any In Service Distribution Date. 

  

	7.2	Qualifying Termination Benefit Distribution. In the event that a Participant experiences a Qualifying Termination, the Qualifying Termination Benefit will be paid to such
Participant in accordance with such Participant’s Qualifying Termination Benefit Payment Schedule election. The Qualifying Termination Benefit will be paid (or the first payment will be made) by the Company or Participating Employer as soon as
administratively practicable following the Valuation Date. In the event that a Participant is rehired by the Company or a Participating Employer at a time when such Participant has a balance in his or her Deferred Compensation Account, any payments
that would otherwise be payable to such Participant under the form of payment in effect as of the date of rehire shall be suspended. A Participant whose payments are suspended will again become entitled to receive payments in accordance with the
Plan upon his or her subsequent Separation from Service. Such subsequent payments will be made in the form in effect prior to the Participant’s rehire date unless the Participant modifies the form of payment as provided in Section 4.6. In the
case of a Participant who is a “key employee” (as defined in Section 409A(a)(2)(B) of the Code) of a corporation, any stock of which is publicly traded on an established securities market or otherwise, the Participant’s Qualifying
Termination Benefit will commence as of the last day of the month following the date which is six months after such Participant’s Separation from Service. 

  

 13 

	7.3	Termination Benefit. In the event that a Participant experiences a Separation from Service which is not a Qualifying Termination, the Termination Benefit will be paid to such
Participant in a single lump sum by the Company or Participating Employer as soon as administratively practicable following the Valuation Date. In the case of a Participant who is a “key employee” (as defined in Section 409A(a)(2)(B) of
the Code) of a corporation, any stock of which is publicly traded on an established securities market or otherwise, the Participant’s Qualifying Termination Benefit will commence as of the last day of the month following the date which is six
months after such Participant’s Separation from Service. 

  

	7.4	Installment Payments. If the Participant has elected installment payments for such Participant’s Qualifying Termination Benefit distribution or an In Service
Distribution, annual cash payments will be made beginning as soon as administratively practicable following the applicable Valuation Date, or, in the event of a partial lump sum election, following the first anniversary of the partial lump sum
payment made following Separation from Service. Such payments shall continue annually on or about the anniversary of the previous installment payment until the number of installment payments elected has been paid. The installment payment amount
shall be determined annually as the result of a calculation, performed on the Valuation Date, where (i) is divided by (ii): 

  

	 	(i)	equals the value of the applicable Account on the Valuation Date; and 

  

	 	(ii)	equals the remaining number of installment payments. 

  

	7.5	Small Account Balance Lump Sum Payment. Anything to the contrary in this Plan notwithstanding, in the event that a Participant’s Retirement/Termination Account Balance
is less than $25,000 or a Participant’s In Service Account Balance is less than $5,000 on the applicable Valuation Date, the In Service Distribution or Qualifying Termination Benefit, as applicable, shall be paid in a single lump sum and any
form of payment election to the contrary shall be null and void. This Section 7.5 shall be effective only if such lump sum payment does not constitute an “acceleration” of a payment under the Act. 

  

	7.6	Disability Benefit. The Company or Participating Employer shall pay the Disability Benefit as soon as administratively practicable following the Valuation Date.

  

	7.7	Death Benefit. In the event of a Participant’s death before the complete distribution of his or her Deferred Compensation Account, such Participant’s Beneficiary,
named on the most recently filed Beneficiary Designation Form, shall be paid a Death Benefit in the amount of the remaining Deferred Compensation Account Balance as of the Valuation Date in accordance with the Death Benefit Payment Schedule election
beginning as soon as practicable following the end of the month in which the Participant’s death occurred. A Death Benefit shall conform to the requirements of the Act in order to avoid an “acceleration” of a payment.

  

 14 

	7.8	Unforeseeable Emergency. A Participant may request, in writing to the Plan Administrator, a withdrawal from his or her Deferred Compensation Account if the Participant
experiences an “unforeseeable emergency”. Withdrawals of amounts because of an unforeseeable emergency are limited to the extent reasonably needed to satisfy the emergency need, which cannot be met with other resources of the Participant.
The amount of such withdrawal shall be subtracted first from the vested portion of the Participant’s Retirement/Termination Account until depleted and then from the In Service Distribution Accounts (if any) beginning with the Account with the
latest In Service Distribution Date. Values for purposes of determining the source of the withdrawal this Section shall be determined on the date the Plan Administrator approves the amount of the unforeseeable emergency withdrawal, or such other
date determined by the Plan Administrator. 

  

	7.9	Court Order. Subject to Treasury regulations promulgated under the Act and the principles set forth in Revenue Ruling 2002-22 (I.R.B.849 (May 13, 2002)), the Plan
Administrator shall segregate a Participant’s Accounts to reflect a judgment or court order entered with respect to a division of assets between a Participant and his or her spouse or dependents incident to a divorce (collectively,
“alternate payees”). Such segregation shall be limited to the Participant’s vested Account Balance. Upon segregation of Accounts, the alternate payee(s) will be treated as Beneficiaries and payments to such alternate payees shall be
made as if the alternate payees had assumed all of the rights of a Beneficiary with respect to such segregated Accounts. The Plan Administrator may establish additional procedures for the administration of a court order pursuant to this Section 7.9
as it deems necessary to effect the purposes set forth herein. 

  

	7.10	Change in Control. In the event a Participant’s employer (the Company or a Participating Employer) incurs a Change in Control, such Participant shall receive his or her
Deferred Compensation Account Balance as of the Valuation Date in a single lump sum paid as soon as administratively practicable following the Valuation Date provided the Participant does not again become an Employee of the Company or another
Participating Employer within 30 days of the Change in Control. However, if permitted under the Act, Participants may elect to modify the Payment Schedule with respect to a payment in the event of a Change in Control, in accordance with the same
restrictions provided for changes to Payment Schedule elections for the Retirement/Termination Benefit in Section 4.7 (a). If not so permitted under the Act, then the payment shall be made in a single lump sum. 

  
 ARTICLE VIII 
  
 ADMINISTRATION 
  

	8.1	Plan Administration. This Plan shall be administered by the Plan Administrator, which shall have discretionary authority to make, amend, interpret and enforce all appropriate
rules and regulations for the administration of this Plan and to utilize its discretion to decide or resolve any and all 

  

 15 

 questions, including but not limited to eligibility for benefits and interpretations of this Plan and its
terms, as may arise in connection with the Plan. Claims for benefits shall be filed with the Plan Administrator and resolved in accordance with the claims procedures in Article XII. 
  

	8.2	Withholding. The Employer shall have the right to withhold from any payment made under the Plan (or any amount deferred into the Plan) any taxes required by law to be
withheld in respect of such payment (or deferral). 

  

	8.3	Indemnification. The Company shall indemnify and hold harmless each employee, officer, director, agent or organization, to whom or to which is delegated duties,
responsibilities, and authority with respect to administration of the Plan, against all claims, liabilities, fines and penalties, and all expenses reasonably incurred by or imposed upon him or it (including but not limited to reasonable attorney
fees) which arise as a result of his or its actions or failure to act in connection with the operation and administration of the Plan to the extent lawfully allowable and to the extent that such claim, liability, fine, penalty, or expense is not
paid for by liability insurance purchased or paid for by the Company. Notwithstanding the foregoing, the Company shall not indemnify any person or organization if his or its actions or failure to act are due to gross negligence or willful misconduct
or for any such amount incurred through any settlement or compromise of any action unless the Company consents in writing to such settlement or compromise. 

  

	8.4	Expenses. The expenses of administering the Plan shall be paid by the Company. 

  

	8.5	Delegation of Authority. In the administration of this Plan, the Plan Administrator may, from time to time, employ agents and delegate to them such administrative duties as
it sees fit, and may from time to time consult with legal counsel who may be legal counsel to the Company. 

  

	8.6	Binding Decisions or Actions. The decision or action of the Plan Administrator in respect of any question arising out of or in connection with the administration,
interpretation and application of the Plan and the rules and regulations thereunder shall be final and conclusive and binding upon all persons having any interest in the Plan. 

  
 ARTICLE IX 
  
 AMENDMENT AND TERMINATION 
  

	9.1	Amendment and Termination. The Plan is intended to be permanent, but the Committee may at any time modify, amend, or terminate the Plan, provided that such modification,
amendment or termination shall not cancel, reduce, or otherwise adversely affect the amount of benefits of any Participant accrued (and any form of payment elected) as of the date of any such modification, amendment, or termination, without the
consent of the Participant. A termination of the Plan shall not, by itself, result in payments to Participants under the Plan, except to the extent permitted in regulations promulgated under the Act. Unless distributions are otherwise permissible
under such regulations, payments to Participants shall be made at the times specified in a Participant’s Compensation Deferral Agreements, subject to the terms of the Plan applicable to such Agreements prior to the Plan’s termination.

  

 16 

	9.2	Adverse Income Tax Determination. Notwithstanding anything to the contrary in the Plan, if any Participant receives a deficiency notice from the United States Internal
Revenue Service asserting constructive receipt of amounts payable under the Plan, Company contributions, and/or the investment earnings attributed thereto due to any Participant withdrawal right or other Plan provision, the Committee, in its sole
discretion, may declare null and void any Plan provision with respect to affected Participants that causes such Participant to be in constructive receipt of income. In addition, it is intended that this Plan comply with all provisions of the Code,
regulations and rulings in effect from time to time regarding the permissible deferral of compensation and taxes thereon. If the laws of the United States or of any relevant state are amended or construed in such a way as to make this Plan (or its
intended deferral of compensation and taxes) in whole or in part void, then the Deferred Compensation Committee, in its sole discretion, may give effect to the Plan in such a manner as it deems will best carry out the purposes and intentions of this
Plan. Nothing in this Section 9.2 shall be construed to limit the Plan Administrator or Committee’s authority under applicable law to take any such action as may be necessary to accomplish the objective of the Plan to defer the recognition of
compensation in connection with the taxation of income. 

  
 ARTICLE X 
  
 INFORMAL
FUNDING 
  

	10.1	General Assets. All benefits in respect of a Participant under this Plan shall be paid directly from the general funds of the Employer, or a Rabbi Trust created by the
Company and funded by the Employers for the purpose of informally funding the Plan, and other than such Rabbi Trust, if created, no special or separate fund shall be established and no other segregation of assets shall be made to assure payment. No
Participant, spouse or Beneficiary shall have any right, title or interest whatever in or to any investments which an Employer may make to aid the Employer in meeting its obligation hereunder. Nothing contained in this Plan, and no action taken
pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship, between the Employer or any if its subsidiaries or affiliated companies and any Employee, spouse, or Beneficiary. To the extent that
any person acquires a right to receive payments from the Employer hereunder, such rights are no greater than the right of an unsecured general creditor of the Employer. 

  

	10.2	Rabbi Trust. The Company may, at its sole discretion, establish a grantor trust, commonly known as a Rabbi Trust, as a vehicle for accumulating the assets needed to pay the
promised benefit, but the Company shall be under no obligation to establish any such trust or any other informal funding vehicle. 

  

 17 

 ARTICLE XI 
  
 CLAIMS 
  

	11.1	Filing a Claim. Any controversy or claim arising out of or relating to the Plan shall be filed with the Plan Administrator which shall make all determinations concerning such
claim. Any decision by the Plan Administrator denying such claim shall be in writing and shall be delivered to the Participant or Beneficiary filing the claim (‘Claimant’). 

  

	 	(a)	In General. Notice of a denial of benefits (other than Disability benefits) will be provided within 90 days of the Plan Administrator’s receipt of the Claimant’s
claim for benefits. If the Plan Administrator determines that it needs additional time to review the claim, the Plan Administrator will provide the Claimant with a notice of the extension before the end of the initial 90-day period. The extension
will not be more than 90 days from the end of the initial 90-day period and the notice of extension will explain the special circumstances that require the extension and the date by which the Plan Administrator expects to make a decision.

  

	 	(b)	Disability Benefits. Notice of denial of Disability benefits will be provided within 45 days of the Plan Administrator’s receipt of the Claimant’s claim for
Disability benefits. If the Plan Administrator determines that it needs additional time to review the Disability claim, the Plan Administrator will provide the Claimant with a notice of the extension before the end of the initial 45-day period. If
the Plan Administrator determines that a decision cannot be made within the first extension period due to matters beyond the control of the Plan Administrator, the time period for making a determination may be further extended for an additional 30
days. If such an additional extension is necessary, the Plan Administrator shall notify the Claimant prior to the expiration of the initial 30-day extension. Any notice of extension shall indicate the circumstances necessitating the extension of
time, the date by which the Plan Administrator expects to furnish a notice of decision, the specific standards on which such entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim and any additional information
needed to resolve those issues. A Claimant will be provided a minimum of 45 days to submit any necessary additional information to the Plan Administrator. In the event that a 30-day extension is necessary due to a Claimant’s failure to submit
information necessary to decide a claim, the period for furnishing a notice of decision shall be tolled from the date on which the notice of the extension is sent to the Claimant until the earlier of the date the Claimant responds to the request for
additional information or the response deadline. 

  

	 	(c)	Contents of Notice. If a claim for benefits is completely or partially denied, notice of such denial shall be in writing and shall set forth the reasons for denial in plain
language. The notice shall (1) cite the pertinent provisions of the Plan document and (2) explain, where appropriate, how the Claimant can perfect the claim, including a description of any additional material or information necessary to complete the
claim and why such material or information is necessary. The claim denial also shall include an explanation of the claims review procedures and the time limits applicable to such procedures, including a statement of the Claimant’s right to
bring a civil action under Section 502(a) of ERISA following an adverse decision on review. In the case of a complete or partial denial of a 

  

 18 

 Disability benefit claim, the notice shall provide a statement that the Plan Administrator will provide
to the Claimant, upon request and free of charge, a copy of any internal rule, guideline, protocol, or other similar criterion that was relied upon in making the decision. 
  

	11.2	Appeal of Denied Claims. A Claimant whose claim has been completely or partially denied shall be entitled to appeal the claim denial by filing a written appeal with the
Committee. A Claimant who timely requests a review of the denied claim (or his or her authorized representative) may review, upon request and free of charge, copies of all documents, records and other information relevant to the denial and may
submit written comments, documents, records and other information relevant to the claim to the Committee. All written comments, documents, records, and other information shall be considered “relevant” if the information (1) was relied upon
in making a benefits determination, (2) was submitted, considered or generated in the course of making a benefits decision regardless of whether it was relied upon to make the decision, or (3) demonstrates compliance with administrative processes
and safeguards established for making benefit decisions. The Committee may, in its sole discretion and if it deems appropriate or necessary, decide to hold a hearing with respect to the claim appeal. 

  

	 	(a)	In General. Appeal of a denied benefits claim (other than a Disability benefits claim) must be filed in writing with the Committee no later than sixty (60) days after receipt
of the written notification of such claim denial. The Committee shall make its decision regarding the merits of the denied claim within 60 days following receipt of the appeal (or within 120 days after such receipt, in a case where there are special
circumstances requiring extension of time for reviewing the appealed claim). If an extension of time for reviewing the appeal is required because of special circumstances, written notice of the extension shall be furnished to the Claimant prior to
the commencement of the extension. The notice will indicate the special circumstances requiring the extension of time and the date by which the Committee expects to render the determination on review. The review will take into account comments,
documents, records and other information submitted by the Claimant relating to the claim without regard to whether such information was submitted or considered in the initial benefit determination. 

	 	

	 	(b)	Disability Benefits. Appeal of a denied Disability benefits claim must be filed in writing with the Committee no later than one hundred eighty (180) days after receipt of the
written notification of such claim denial. The review shall be conducted by the Committee (exclusive of the person who made the initial adverse decision or such person’s subordinate). In reviewing the appeal, the Committee shall (1) not afford
deference to the initial denial of the claim, (2) consult a medical professional who has appropriate training and experience in the field of medicine relating to the Claimant’s disability and who was neither consulted as part of the initial
denial nor is the subordinate of such individual and (3) identify the medical or vocational experts whose advice was obtained with respect to the initial benefit denial, without regard to whether the advice was relied upon in making the decision.
The Committee shall make its decision regarding the merits of the denied claim within 45 days following receipt of the appeal (or within 90 days after such receipt, in a case where there are special circumstances requiring extension of time for
reviewing the appealed claim). If an extension of time for reviewing the appeal is required because of special circumstances, written notice of the extension shall be furnished to the Claimant prior to the commencement of the extension. The notice
will indicate the special circumstances requiring the extension of time and the date by which the Committee expects to render the determination on review. Following its review of any additional information submitted by the Claimant, the Committee
shall render a decision on its review of the denied claim. 

  

 19 

	 	(c)	Contents of Notice. If a benefits claim is completely or partially denied on review, notice of such denial shall be in writing and shall set forth the reasons for denial in
plain language. 

  

	 	(1)	The decision on review shall set forth (i) the specific reason or reasons for the denial, (ii) specific references to the pertinent Plan provisions on which the denial is based,
(iii) a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents, records, or other information relevant (as defined above) to the Claimant’s claim, and (iv) a
statement describing any voluntary appeal procedures offered by the plan and a statement of the Claimant’s right to bring an action under Section 502(a) of ERISA. 

  

	 	(2)	For the denial of a Disability benefit, the notice will also include a statement that the Committee will provide, upon request and free of charge, (i) any internal rule, guideline,
protocol or other similar criterion relied upon in making the decision, (ii) any medical opinion relied upon to make the decision and (iii) the required statement under Section 2560.503-1(j)(5)(iii) of the Department of Labor regulations.

  

	11.3	Legal Action. A Claimant may not bring any legal action relating to a claim for benefits under the Plan unless and until the Claimant has followed the claims procedures under
the Plan and exhausted his or her administrative remedies under such claims procedures. 

  

	11.4	Discretion of Committee. All interpretations, determinations and decisions of the Committee with respect to any claim shall be made in its sole discretion, and shall be final
and conclusive. 

  
 ARTICLE XII 
  
 GENERAL CONDITIONS

  

	12.1	Anti-assignment Rule. Except to the extent provided in Section 7.9, no interest of any Participant, spouse or Beneficiary under this Plan and no benefit payable hereunder
shall be assigned as security for a loan, and any such purported assignment shall be null, void and of no effect, nor shall any such interest or any such benefit be subject in any manner, either voluntarily or involuntarily, to anticipation, sale,
transfer, assignment or encumbrance by or through any Participant, spouse or Beneficiary. 

  

	12.2	No Legal or Equitable Rights or Interest. No Participant or other person shall have any legal or equitable rights or interest in this Plan that are not expressly granted in
this Plan. Participation in this Plan does not give any person any right to be retained in the service of the Company or any of its subsidiaries or affiliated companies. The right and power of the Company (or any of its subsidiaries or affiliated
companies that is the Employee’s employer) to dismiss or discharge an Employee is expressly reserved. 

  

 20 

	12.3	No Employment Contract. Nothing contained herein shall be construed to constitute a contract of employment between an Employee and the Company or any of its subsidiaries or
affiliated companies. 

  

	12.4	Headings. The headings of Sections are included solely for convenience of reference, and if there is any conflict between such headings and the text of this Plan, the text
shall control. 

  

	12.5	Invalid or Unenforceable Provisions. If any provision of this Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not affect any other
provisions hereof and the Plan Administrator may elect in its sole discretion to construe such invalid or unenforceable provisions in a manner that conforms to applicable law or as if such provisions, to the extent invalid or unenforceable, had not
been included. 

  

	12.6	Governing Law. To the extent not preempted by ERISA, the laws of the State of Florida shall govern the construction and administration of the Plan. 

 
 SIGNATURES ON NEXT PAGE 
  

 21 

 IN WITNESS WHEREOF, the Company has caused this Plan to be adopted, effective as of December 15, 2004. 

 

			
	 Q. E. P. Co., Inc.

		
	 By:
	 	 /s/ Marc Applebaum

	 Its:
	 	 Senior Vice President, Chief Financial Officer

		
	 ATTEST:
	 	 /s/ Paula Siegel

	
	 Participating Employers
 (SEE SCHEDULE A)

  

 22Trust Under the QEP Executive Deferred Compensation Plan

 Exhibit 10.2 
  
 TRUST UNDER THE 
  
 QEP EXECUTIVE DEFERRED COMPENSATION PLAN 
  
 THIS AGREEMENT is made this [27th ]
day of December, 2004 by and between Q.E.P. Co., Inc. as a Corporation organized under the laws of Delaware (the “Company”) and Reliance Trust Company, a trust organization under the laws of the United States of America and having its
principal office and place of business in Atlanta, Georgia, as trustee (the “Trustee”). 
  
 RECITALS 
  
 WHEREAS,
the Company has adopted the QEP Executive Deferred Compensation Plan which is an unfunded executive benefit plan providing deferred compensation benefits to a select group of its management or highly compensated employees (the “Plan”); and

  
 WHEREAS, the Plan contemplates that employees of the Company may become
participants in the Plan; and 
  
 WHEREAS, the Company has incurred or expects to
incur liability under the terms of the Plan with respect to the employees who participate in the Plan (the “Participants”); and 
  
 WHEREAS, the Company wishes to establish a trust (the “Trust”) and to contribute to the Trust assets that shall be held therein, subject to the claims of the
Company’s creditors in the event of the Company’s insolvency, as herein defined, until paid to the Plan Participants and their beneficiaries in such manner and at such times as specified in the Plan or paid to the Company in accordance
herewith; and 
  
 WHEREAS, it is the intention of the parties that the Trust shall
constitute an unfunded arrangement and shall not affect the status of the Plan as an unfunded Plan maintained for the purpose of providing deferred compensation for a select group of management or highly compensated employees according to Title I of
the Employee Retirement Income Security Act of 1974 as amended; and 
  
 WHEREAS,
it is the intention of the Company to make contributions to the Trust to provide a source of funds to assist it in the meeting of its liabilities under the Plan. 
  

 1 

 NOW, THEREFORE, the parties do hereby establish the Trust and agree that the Trust shall be comprised, held and disposed
of as follows: 
  
 Section 1. ESTABLISHMENT OF TRUST

  
 (a) The Company hereby deposits with Trustee in trust
$100.00, which shall become the principal of the Trust to be held, administered and disposed of by the Trustee as provided in this Trust Agreement. The Company shall have the right to make additional deposits at any time, or from time to time in its
sole discretion. 
  
 (b) The Trust hereby established shall be
irrevocable. 
  
 (c) The Trust is intended to be a grantor trust,
of which the Company is the grantor, within the meaning of Subpart E, part I, subchapter J, chapter I, subtitle A of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”), and shall be construed accordingly.

  
 (d) The principal of the Trust, and any earnings thereon shall
be held separate and apart from other funds of the Company and shall be used exclusively for the uses and purposes of Plan participants and general creditors as herein set forth. The Participants and their beneficiaries shall have no preferred claim
on, or any beneficial ownership interest in, any assets of the Trust. Any rights created under the Plan and this Trust Agreement shall be mere unsecured contractual rights of the Participants and their beneficiaries against their Employer. Any
assets held by the Trust will be subject to the claims of the Company’s general creditors under federal and state law in the event of Insolvency, as defined in Section 3(a) herein. 
  
 (e) The Trustee agrees to accept additional deposits made by the Company pursuant to Section 1 (a) hereof, and contributions
that are paid to it by the Company in accordance with the terms of this Trust Agreement. Such additional deposits and contributions shall be in cash or in such other form that may be acceptable to the Trustee, including but not limited to policies
of life insurance. The Trustee shall have no duty to determine or collect contributions under the Plan and shall have no responsibility for any property until it is received and accepted by the Trustee. The Company shall have the sole duty and
responsibility for the determination of the accuracy and sufficiency of the deposits and contributions to be made under the Plan, the transmittal of the same to the Trustee and compliance with any statute, regulation or rule applicable to
contributions. 
  
 Section 2. PAYMENTS TO PARTICIPANTS
AND THEIR BENEFICIARIES 
  
 (a) From time to time, the
Company may deliver to the Trustee a schedule (the “Payment Schedule”) that indicates the amounts payable in respect of each Participant (and his or her beneficiaries), that provides a formula or other instructions for determining the
amounts payable, the form in which such amounts are to be paid (as provided for or available under the Plan), and the time of commencement for payment of such amounts. Except as otherwise provided herein, the Trustee shall make payments to the
Participants and their beneficiaries in accordance with such Payment Schedule. The Trustee shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with respect to the payment of
benefits pursuant to the terms of the Payment Schedule and shall pay amounts withheld to the appropriate taxing authorities or determine that such amount have been reported, 
  

 2 

 withheld and paid by the Company. If the principal of the Trust, and any earnings thereon, are not sufficient to make
payments of benefits in accordance with the terms of the Payment Schedule, the Company shall make the balance of each such payment as it falls due. The Trustee shall notify the Company where principal and earnings are not sufficient. 
  
 (b) Upon the receipt by the Trustee of (i) a written notice from the Company,
indicating that the Plan has been completely terminated and (ii) a Payment Schedule, indicating how payments shall be made as a result of the termination of the Plan, the Trustee shall pay to each Participant his or her account balance under the
Plan in accordance with the terms of such Payment Schedule. Notwithstanding the foregoing, upon the termination of the Plan the Company shall be entitled to make payment of benefits directly to the Participant or their beneficiaries in accordance
with subsection (f) below. 
  
 (c) The Company hereby agrees that
the Authorized Party (as defined below) shall have the exclusive responsibility, and the Trustee shall not have any responsibility or duty under this Trust Agreement for determining that the Payment Schedule is in accordance with the terms of the
Plan and applicable law, including without limitation, the amount, timing or method of payment and the identity of each person to whom such payments shall be made. The Trustee shall have no responsibility or duty to determine the tax effect of any
payment or to see to the application of any payment. 
  
 (d) The
entitlement of a Participant or his or her beneficiaries to the benefits under the Plan shall be determined by the Company or such party as it shall designate under the Plan, and any claim for such benefits shall be considered and reviewed under the
procedures set out in the Plan. 
  
 (e) The Company may make
payment of benefits directly to the Participants or their beneficiaries as they become due under the terms of the Plan. The Company shall notify the Trustee of its decision to make payment of benefits directly prior to the time amounts are payable
to Participants or their beneficiaries. If the Company makes payments according to this subsection the Company shall make provision for the reporting and withholding of any federal, state or local taxes that may be required to be withheld with
respect to the payment of benefits pursuant to the terms of the Plan and shall pay amounts withheld to the appropriate taxing authorities. 
  
 (f) Company shall furnish the Trustee with a written list of the names, signatures and extent of authority of all persons authorized to direct Trustee and
otherwise act on behalf of the Company and the Participants under the terms of this Trust Agreement (“Authorized Party”). The Trustee shall be entitled to rely on and shall be fully protected in acting upon direction from an Authorized
Party until notified in writing by the Company, as appropriate, of a change of the identity of an Authorized Party. 
  
 (g) In accordance with the procedures mutually acceptable to the Company and Trustee, all directions and instructions to the Trustee from an Authorized
Party, including but not limited to the Payment Schedule, shall be in writing, transmitted by mail or by facsimile or shall be an electronic transmission, provided the Trustee may, in its discretion, accept oral directions and instructions and may
require confirmation in writing (“Authorized Instructions”). 
  

 3 

 Section 3. TRUSTEE RESPONSIBILITY REGARDING PAYMENT TO TRUST BENEFICIARY WHEN COMPANY IS
INSOLVENT 
  
 (a) The Trustee shall cease payment of benefits
to the Participants who are current or former employees of the Company and their beneficiaries if it receives notice that the Company is Insolvent. The Company shall be considered “Insolvent” for purposes of this Trust Agreement if (i) the
Company is unable to pay its debts as they become due, or (ii) the Company is subject to a pending proceeding as a debtor under the United States Bankruptcy Code. 
  
 (b) At all times during the continuance of this Trust, as provided in Section 1(d) hereof, the principal and income of the
Trust shall be subject to claims of general creditors of the Company under federal and state law as set forth below. 
  
 (1) The Board of Directors and the Chief Executive Officer of the Company shall have the duty to inform the Trustee in writing of the Company’s
Insolvency. If a person claiming to be a creditor of the Company alleges in writing to the Trustee that the Company has become Insolvent, the Trustee shall determine whether the Company is Insolvent and, pending such determination, the Trustee may
discontinue payment of benefits to the Participants or their beneficiaries. 
  
 (2) Unless the Trustee has actual knowledge of the Company’s Insolvency, or has received notice from the Company or a person claiming to be a creditor alleging that the Company is Insolvent, the Trustee shall
have no duty to inquire whether the Company is Insolvent. The Trustee may in all events rely on such evidence concerning the Company’s solvency as may be furnished to the Trustee and that provides the Trustee with a reasonable basis for making
a determination concerning the Company’s solvency. 
  
 (3) If
at any time the Trustee has determined that the Company is Insolvent, the Trustee shall discontinue payments of benefits to the Participants and their beneficiaries and shall hold the assets of the Trust for the benefit of the Company’s general
creditors. Nothing in this Trust Agreement shall in any way diminish any rights of the Participants or their beneficiaries to pursue their rights as general creditors of the Company with respect to benefits due under the Plan or otherwise.

  
 (4) The Trustee shall resume the payment of benefits to the
Participants or their beneficiaries in accordance with Section 2 of this Trust Agreement only after the Trustee has determined that the Company is not Insolvent (or is no longer Insolvent). The Trustee may rely on evidence concerning Insolvency as
may be furnished to the Trustee and that provides the Trustee with a reasonable basis for making a determination concerning Insolvency. If there is a dispute about Insolvency, the Trustee shall have the right to require the Company to employ and pay
for the services of an independent expert to render a written opinion to the Trustee addressing the question of Insolvency. 
  
 (c) Provided that there are sufficient assets, if the Trustee discontinues the payment of benefits from the Trust pursuant to Section 3(a) and (b) hereof
and subsequently resumes such payments, the first payment following such discontinuance shall include the aggregate amount of 
  

 4 

 all payments due to the Participants or their beneficiaries according to the terms of the Plan for the period of such
discontinuance, less the aggregate amount of any payments made to Participants or their beneficiaries by the Company in lieu of the payments provided for hereunder during any such period of discontinuance. The Trustee may require a new Payment
Schedule from the Company in such event. 
  
 Section 4.
PAYMENTS TO COMPANY 
  
 (a) Except as provided in
Sections 3 and in this Section 4 (b), because the Trust is irrevocable, in accordance with Section 1(b) hereof, the Company shall not have the right or the power to direct the Trustee to return to the Company or to divert to others any of the Trust
assets before all payment of benefits have been made to Participants or their beneficiaries pursuant to the terms of the Plan. 
  
 (b) In the event the Company makes payment of benefits directly pursuant to Section 1 (e) hereof, the Company may file proof of such payment with the
Trustee and request to be reimbursed for said payment. The Trustee shall reimburse the Company for amounts not exceeding the Company’s costs of making Plan payments. The Trustee shall not be obligated to verify the amount of payment beyond
receipt of reasonable proof (e.g. cancelled check). 
  
 Section 5. INVESTMENT AUTHORITY 
  
 (a)
The Trustee shall invest and reinvest the principal and income of the Trust as directed by Company or its properly designated agent which directions may be changed from time to time. To the maximum extent permitted by law, the Trustee shall have no
duty or responsibility (i) to advise with respect to, or inquire as to the propriety of, any such investment direction or (ii) for any investment decisions made with respect to the Trust by the Company. In the absence of investment direction, the
Trustee shall have no obligation to invest Trust assets, but may invest Trust assets in any manner permitted under Section 5(d). 
  
 (b) The Trustee may invest in securities (including stock or rights to acquire stock) or obligations issued by the Company. All rights associated with
assets of the Trust shall be exercised by the Trustee and shall in no event be exercised by or rest with Plan participants, except that voting rights with respect to Trust assets will be exercised by the Company, unless an investment adviser has
been appointed pursuant to Section 5(a) and voting authority has been delegated to such investment adviser. 
  
 (c) The Company shall have the right at any time, and from time to time in its sole discretion, to substitute assets of equal fair market value, for any
asset held by the Trust. This right is exercisable by the Company in a non-fiduciary capacity without the approval or consent of any person in a fiduciary capacity. 
  

 5 

 (d) In administering the Trust and carrying out the instructions of the Company in accordance with
Section 5(a) above, the Trustee shall be specifically authorized to: 
  
 (1) To invest and reinvest the Trust assets, together with the income therefrom, in common stock, preferred stock, convertible preferred stock, bonds, debentures, convertible debentures and bonds, mortgages, notes, commercial paper and
other evidences of indebtedness (including those issued by the Trustee), shares of mutual funds, guaranteed investment contracts, bank investment contracts, other securities, policies of life insurance, other insurance contracts, annuity contracts,
options, options to buy or sell securities or other assets, and all other property of any type (personal, real or mixed, and tangible or intangible); 
  
 (2) To deposit or invest all or any part of the assets of the Trust in savings accounts or certificates of deposit or other deposits in a bank or savings
and loan association or other depository institution, provided such deposits bear a reasonable interest rate; 
  
 (3) To submit or cause to be submitted to the Company, all information received by the Trustee regarding ownership rights pertaining to property held in
the Trust; 
  
 (4) To hold, manage, improve, repair and control
all property, real or personal, forming part of the Trust; to sell, convey, transfer, exchange, partition, lease for any term, even extending beyond the duration of this Trust, and otherwise dispose of the same from time to time; 
  
 (5) To make, execute and deliver any and all documents, agreements or other
instruments in writing as are necessary or desirable for the accomplishment of any of the powers and duties set forth in this Trust Agreement; 
  
 (6) To hold in cash, without liability for interest, such portion of the Trust as is pending investment, or payment of expenses, or the distribution of
benefits; 
  
 (7) To take such actions as may be necessary or
desirable to protect the Trust from loss due to the default on mortgages held in the Trust including with the consent of an Authorized Party the appointment of agents or trustees in such other jurisdictions as may seem desirable, the transfer of
property to such agents or trustees as is necessary, or the grant to such agents such powers as are necessary or desirable to protect the Trust. 
  
 (8) To vote in person or by general or limited proxy, as directed by an Authorized Party, any securities in which the Trust is invested and similarly to
exercise, personally or by general or limited power of attorney, as directed by an Authorized Party, any right appurtenant to any authorized investment held in the Trust. 
  
 (9) To maintain accounts at, execute transactions through, and lend on an adequately secured basis stocks, bonds or other
securities to, any brokerage or other firm, including any firm which is an affiliate of Trustee; 
  
 (10) To exercise all of the further rights, powers, options and privileges granted, provided for, or vested in trustees generally under the laws of the
state in which the Trustee has its principal place of business so that the powers conferred upon the Trustee herein shall not be in limitation of any authority conferred by law, but shall be in addition thereto. 
  

 6 

 The Trustee may exercise the powers described in this Section 5(d) with or without Authorized Instructions, but where the
Trustee acts on Authorized Instructions, the Trustee shall be fully protected as described in Section 9. 
  
 Notwithstanding any power expressly or impliedly described herein, the Trustee may not, at any time, transfer or hold any Trust assets outside of the United States. 
  
 Section 6. ADDITIONAL POWERS OF TRUSTEE. 
  
 (a) To the extent necessary or which it deems appropriate to implement its
powers under Section 5 or otherwise to fulfill any of its duties and responsibilities as Trustee of the Trust, the Trustee shall have the following additional powers and authority: 
  
 (1) To register securities, or any other property, in its name or in the name of any nominee, including the name of any
affiliate or the nominee name designated by any affiliate, with or without indication of the capacity in which property shall be held, or to hold securities in bearer form and to deposit any securities or other property in a depository or clearing
corporation; 
  
 (2) Upon receiving the consent of an Authorized
Party, to designate and engage the services of, and to delegate powers and responsibilities to, such agents, representatives, advisers, counsel and accountants as the Trustee considers necessary or appropriate and, as part of its expenses under this
Trust Agreement, to pay their reasonable expenses and compensation; 
  
 (3) To make, execute and deliver, as Trustee, any and all deeds, leases, mortgages, conveyances, waivers, releases or other instruments in writing necessary or appropriate for the accomplishment of any of the powers listed in this Trust
Agreement; and 
  
 (4) Generally to do all other acts which the
Trustee deems necessary or appropriate for the protection of the Trust. 
  
 (b) The Trustee at the direction of the Company may appoint a Custodian to safeguard the assets of the Trust. The Company hereby authorizes and directs the Trustee to enter into such agreements with the Custodian as may be necessary to
establish an account with the Custodian. For administrative purposes, contributions deposited to the appointed Custodian shall be deemed as contributions deposited with the Trustee on behalf of the Trust. 
  
 Section 7. DISPOSITION OF INCOME. 
  
 During the term of this Trust, all income received by the Trust, net of expenses and taxes,
shall be accumulated and reinvested. 
  
 Section 8.
ACCOUNTING BY TRUSTEE. 
  
 (a) The Trustee shall keep
accurate and detailed records of all investments, receipts, disbursements, and all other transactions required to be made, including such specific records as shall be agreed upon in writing between the Company and the Trustee. Within 90 days
following the close of each calendar quarter and within 90 days after removal or resignation of the Trustee, the Trustee shall deliver to the Company a written account of its administration of 
  

 7 

 the Trust during such year or during the period from the close of the last preceding year to the date of such removal or
resignation, setting forth all investments, receipts, disbursements and other transactions effected by it, including a description of all securities and investments purchased and sold with the cost or net proceeds of such purchases or sales (accrued
interest paid or receivable being shown separately), and showing all cash, securities and other property held in the Trust at the end of such year or as of the date of such removal or resignation, as the case may be.  
  
 (b) The Trustee shall be entitled to rely on the Recordkeeper (the provider
of recordkeeping services for the Plan Administrator) or the Custodial Agent (the custodian of investments), if any other than Trustee, for the maintenance and provision of all records specified in this Section 8. 
  
 Section 9. RESPONSIBILITY AND INDEMNITY OF THE TRUSTEE.

  
 (a) The Trustee shall act with the care, skill, prudence
and diligence under the circumstances then prevailing that a prudent person acting in like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims, provided, however, that the Trustee
shall incur no liability to any person for any action taken pursuant to a direction, request or approval given by the Company which is contemplated by, and in conformity with, the terms of the Plan(s) and this Trust and is given in writing by the
Company or in such other manner prescribed by the Trustee. In the absence of direction, request or approval from the Company, the Trustee shall also incur no liability to any person for any failure to perform an act not contemplated by or in
conformity with, the terms of this Trust. In the event of a dispute between the Company and a party, the Trustee may apply to a court of competent jurisdiction to resolve the dispute. 
  
 (b) The Company hereby indemnifies the Trustee and each of its affiliates (collectively, the “Indemnified
Parties”) against, and shall hold them harmless from, any and all loss, claims, liability, and expense, including reasonable attorneys’ fees, imposed upon or incurred by any Indemnified Party as a result of any acts taken, or any failure
to act, in accordance with the directions from the Company or any designee of the Company, or by reason of the Indemnified Party’s good faith execution of its duties with respect to the Trust, including, but not limited to, its holding of
assets of the Trust. The Company’s obligations in the foregoing regard to be satisfied promptly by the Company, provided that in the event the loss, claim, liability or expense involved is determined by a no longer appealable final judgment
entered in a lawsuit or proceeding to have resulted from the gross negligence or willful misconduct of the Trustee, the Trustee shall promptly on request thereafter return to the Company any amount previously received by the Trustee under this
Section 9(b) with respect to such loss, claim, liability or expense. If the Company does not pay such costs, expenses and liabilities in a reasonably timely manner, the Trustee may obtain payment from the Trust without direction from the Company.

  
 (c) The Trustee shall incur no liability to anyone for any
action that it or the Custodian as its delegate takes pursuant to a direction, request or approval given by the Company, Participants, the Investment Committee, the Administrator or by any other party (including, without limitation, the Recordkeeper
and any of its agents) to whom authority to give such directions, requests or approvals is delegated under the powers conferred upon the Company, Participants, the Investment Committee, the Administrator or such other party under this Agreement.

  

 8 

 (d) The Trustee, upon receipt of the consent of an Authorized Party, at the expense of the Trust or the
Company, may consult with legal counsel (who may also be counsel for Company generally) with respect to any of its duties or obligations hereunder. 
  
 (e) The Trustee, upon receipt of the consent of an Authorized Party, may hire agents, accountants, actuaries, investment advisers, financial consultants
or other professionals to assist it in performing any of its duties or obligations hereunder. 
  
 (f) The Trustee shall have, without exclusion, all powers conferred on the Trustee by applicable law, unless expressly provided herein, provided, however, that if an insurance policy is held as an asset of the Trust,
the Trustee shall not have the power to name a beneficiary of the policy other than the Trust, to assign the policy (as distinct from conversion of the policy to a different form) other than to a successor trustee, or to loan to any person the
proceeds of any borrowing against such policy. 
  
 (g)
Notwithstanding any powers granted to the Trustee pursuant to this Trust Agreement or applicable law, the Trustee shall not have any power that could give this Trust the objective of carrying on a business and dividing the gains therefrom, within
the meaning of section 301.7701-2 of the Procedure and Administrative Regulations promulgated pursuant to the Internal Revenue Code. 
  
 (h) The Trustee shall not be liable for any expense, loss, claim or damage (including counsel fees) suffered by the Participants arising out of or caused
by any delay in, or failure of, performance by the Trustee, in whole or in part, arising out of, or caused by, circumstances beyond the Trustee’s control, including without limitation: acts of God, interruption, delay in, or loss (partial or
complete) of electrical power or external computer (hardware or software) or communication services (including access to book-entry securities systems maintained by Federal Reserve Bank of New York and/or any clearing corporation); act of civil or
military authority; sabotage; natural emergency; epidemic; war or other government actions; civil disturbance; flood, earthquake, fire, other catastrophe; strike or other labor disturbance by employees of nonaffiliates; governmental, judicial, or
self regulatory organization order, rule or regulation; riot; energy or natural resource difficulty or shortage; and inability to obtain materials, equipment or transportation. 
  
 (i) If (1) there is any disagreement or dispute in connection with the Trust or the subject matter hereof, including any
dispute between the Trustee, the Company or any Participant, or between the Company, any Participant or any person not a party to the Trust or (2) there are adverse or inconsistent claims or demands upon, or inconsistent with instructions to the
Trustee, or (3) the Trustee in good faith is in doubt as to what action to take pursuant to the Trust, the Trustee may at its election refuse to comply with any such claims, demands or instructions, or refuse to take any other action pursuant to
this Trust until (i) the rights of all persons involved in the dispute have been fully and finally adjudicated by a court of competent jurisdiction or the Trustee has resolved any such doubts to its good faith satisfaction; or (ii) all disputes have
been resolved between the persons involved and the Trustee has received written 
  

 9 

 notice thereof satisfactory to it from all such persons. Without limiting the generality of the foregoing, the Trustee
may at its election interplead the subject matter of this Trust Agreement with a court of competent jurisdiction, or commence judicial proceedings for a declaratory judgment, and the Trustee shall be entitled to recover from the Company or the
Trust, both collectively and individually, the Trustee’s attorneys’ fees, expenses and costs in connection with any such interpleader or declaratory judgment action 
  
 (j) The Trustee is not a party to, and has no duties or responsibilities under, the Plan other than those that may be
expressly contained in this Trust Agreement. In any case, in which a provision of this Trust Agreement conflicts with any provision of the Plan, the Plan shall control. The Trustee shall have no duties, responsibilities or liability with respect to
the acts or omissions of any prior or successor trustee. 
  
 Section 10. COMPENSATION AND EXPENSES OF TRUSTEE 
  
 (a) The Company shall pay all administrative and Trustee’s fees and expenses under this Trust Agreement as mutually agreed and, if not so paid, such fees and expenses may be withdrawn from the Trust by the
Trustee. If the Trustee advances cash or securities for any purpose, including the purchase or sale of foreign exchange or of contracts for foreign exchange, or in the event that the Trustee shall incur or be assessed taxes, interest, charges,
expenses, assessments, or other liabilities in connection with the performance of this Trust Agreement, except such as may arise from its own negligent action, negligent failure to act or willful misconduct, any property at any time held for the
Trust shall be security therefor and the Trustee shall be entitled to collect from the Company or, if not paid, from the Trust sufficient cash for reimbursement of such taxes, interest, charges, expenses, assessments or other liabilities. If cash is
insufficient, The trustee may dispose of the assets of the Trust to the extent necessary to obtain the aforesaid reimbursement. To the extent the Trustee advances funds to the Trust, at the written request of the Company, for disbursements or to
effect the settlement of purchase transactions, the Trustee shall be entitled to collect from the Company or, if not so paid, from the Trust either (i) with respect to domestic assets, an amount equal to what would have been earned on the sums
advanced (an amount approximating the “federal funds” interest rate) or (ii) with respect to non-domestic assets, the rate applicable to the appropriate foreign market. 
  
 Section 11. RESIGNATION AND REMOVAL OF TRUSTEE 
  
 (a) The Trustee may resign at any time by written notice to the Company, which shall be effective sixty (60) days after
receipt of such notice unless the Company and the Trustee agree otherwise. 
  
 (b) The Trustee may be removed by the Company on sixty (60) days notice or upon shorter notice accepted by the Trustee. However, upon a Change of Control, as defined herein, the Trustee may not be removed by the
Company for four years after the Change of Control unless the persons who are then Participants agree to the removal. 
  
 (c) If the Trustee resigns within four years after a Change of Control, as defined herein, the Company shall apply to a court of competent jurisdiction
for the appointment of a successor Trustee or for instructions, unless the then Participants and the Company agree to the selection of a successor trustee. 
  

 10 

 (d) Upon resignation or removal of the Trustee and appointment of a successor trustee, all assets shall
subsequently be transferred to the successor trustee. The transfer shall be completed within one hundred twenty (120) days after receipt of notice of resignation, removal or transfer, unless the Company extends the time limit. 
  
 (e) If Trustee resigns or is removed, a successor shall be appointed, in
accordance with Section 12 hereof, by the effective date of resignation or removal under paragraphs (a) or (b) of this Section. If no such appointment has been made, the Trustee may apply to a court of competent jurisdiction for appointment of a
successor or for instructions. All expenses of the Trustee in connection with the proceeding shall be allowed as administrative expenses of the Trust. 
  
 Section 12. APPOINTMENT OF SUCCESSOR. 
  
 (a) If the Trustee resigns or is removed in accordance with Section 11(a) or (b) hereof, subject to the requirements of Section 11, the Company may
appoint any third party, such as a bank trust department or other entity that may be granted corporate trustee powers under state law, as a successor to replace the Trustee upon resignation or removal. The appointment shall be effective when
accepted in writing by the new trustee, who shall have all of the rights and powers of the former trustee, including ownership rights in the Trust assets. The former trustee shall execute any instrument necessary or reasonably requested by the
Company or the successor trustee to evidence the transfer. 
  
 (b)
The successor trustee need not examine the records and acts of any prior trustee and may retain or dispose of existing Trust assets, subject to Sections 8 and 9 hereof. The successor trustee shall not be responsible for and the Company shall
indemnify and defend the successor trustee from any claim or liability resulting from any action or inaction of any prior trustee or from any other past event, or any condition existing at the time it becomes successor trustee. 
  
 Section 13. AMENDMENT OR TERMINATION 
  
 (a) This Trust Agreement may be amended by a written instrument executed by
the Trustee and the Company. Notwithstanding the foregoing, no such amendment shall conflict with the terms of the Plan or shall make the Trust revocable. 
  
 (b) The Trust shall not terminate until the date on which the Participants and their beneficiaries are no longer entitled to benefits pursuant to the
terms of the Plan. Upon termination of the Trust, any assets remaining in the Trust shall be returned to the Company. 
  
 (c) Upon written approval of the Participants or beneficiaries entitled to payment of benefits pursuant to the terms of the Plan, the Company may
terminate this Trust prior to the time all benefit payments under the Plan have been made. All assets in the Trust at termination shall be returned to the Company. 
  

 11 

 Section 14. MISCELLANEOUS. 
  
 (a) Any provision of this Trust Agreement prohibited by law shall be ineffective to the extent of any such prohibition,
without invalidating the remaining provisions hereof. 
  
 (b)
Benefits payable to Participants and their beneficiaries under this Trust Agreement may not be anticipated, assigned (either at law or in equity), alienated, pledged, encumbered or subjected to attachment, garnishment, levy, execution or other legal
equitable process. 
  
 (c) This Trust Agreement shall be governed
by and construed in accordance with the laws of the State of Georgia. 
  
 (d) For purposes of this Trust Agreement, a Change of Control is determined pursuant to Section 2.6 of the Plan. 
  
 (e) Neither the Company nor the Trustee may assign this Trust Agreement without the prior written consent of the other. This Trust Agreement shall be
binding upon, and inure to the benefit of, the Company, the Trustee and their respective successors and permitted assigns. Any entity, which shall by merger, consolidation, purchase, or otherwise, succeed to substantially all the trust business of
the Trustee shall, upon each succession and without any appointment or other action by the Company, be and become successor trustee hereunder, upon notification to Company. 
  
 (f) The provisions of this Trust Agreement are intended to benefit only the parties hereto, their respective successors and
assigns, and the Participants and their beneficiaries under the Plan. There are no other third party beneficiaries. 
  
 (g) The Company and the Trustee hereby each represents and warrants to the other that it has full authority to enter into this Trust Agreement upon the
terms and conditions hereof and that the individual executing this Trust Agreement on its behalf has the requisite authority to bind the Company or the Trustee to this Trust Agreement. 
  
 (h) This Trust Agreement may be executed in any number of counterparts, each of which shall be deemed an original, and such
counterparts shall constitute but one and the same instrument and may be sufficiently evidenced by one counterpart. 
  
 Section 15. EFFECTIVE DATE 
  
 (a) The effective date of this Trust Agreement shall be December [15], 2004. 
  

 12 

 IN WITNESS WHEREOF, the Company and the Trustee have executed this Trust Agreement each by action of a
duly authorized person. 
  

			
	 Q.E.P. Co., Inc.

		
	 By:
	 	 /s/ Marc Applebaum

	 Name/Title:
	 	 Marc Applebaum, Senior Vice President, Chief Financial Officer

		
	 Date:
	 	 December 27, 2004

	
	 Reliance Trust Company

		
	 By:
	 	 /s/ Reliance Trust Company

	 Name/Title:
	 	  

	 Date:
	 	 December 27, 2004

  

 13

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