Document:

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                                                                 Exhibit (10)(e)
                            THE LUBRIZOL CORPORATION
                        EXCESS DEFINED CONTRIBUTION PLAN
                              (As Amended 9/23/02)

         The Lubrizol Corporation hereby establishes, effective as of December
31, 1986, The Lubrizol Corporation Excess Defined Contribution Plan (the "Plan")
for the purpose of supplementing the benefits of certain employees, as permitted
by Section 3(36) of the Employee Retirement Income Security Act of 1974.

                                    ARTICLE I

                                   DEFINITIONS

         1.1 DEFINITIONS. For the purposes hereof, the following words and
phrases shall have the meanings indicated, unless a different meaning is plainly
required by the context:

                  (a) BENEFICIARY. The term "Beneficiary" shall mean the person
         or persons who shall be designated by a Participant to receive
         distribution of such Participant's interest under the Plan in the event
         such Participant dies before full distribution of his interest.

                  (b) CODE. The term "Code" shall mean the Internal Revenue Code
         as amended from time to time. Reference to a section of the Code shall
         include such section and any comparable section or sections of any
         future legislation that amends, supplements, or supersedes such
         section.

                  (c) COMPANY. Effective December 30, 1994, the term "Company"
         shall mean The Lubrizol Corporation, an Ohio corporation, its corporate
         successors and the surviving corporation resulting from any merger of
         The Lubrizol Corporation with any other corporation or corporations,
         and any subsidiaries of The Lubrizol Corporation which adopt the Plan.

                  (d) FUND. The term "Fund" shall mean each separate investment
         fund established and maintained under the Trust Agreement.

                  (e) LUBRIZOL PROFIT-SHARING PLAN. The term "Lubrizol
         Profit-Sharing Plan" shall mean The Lubrizol Corporation Employees'
         Profit-Sharing Plan as the same shall be in effect on the date of a
         Participant's retirement, death, or other termination of employment.

                  (f) PARTICIPANT. Effective September 30, 1994, The term
         "Participant" shall mean any person employed by the Company who is
         listed on Appendix A attached hereto, or who is designated by the Board
         of Directors as an officer for the purposes of Section 16 of the
         Securities Exchange Act of 1934, or whose benefits under the
         Profit-Sharing Plan are limited by the application of Section
         401(a)(17) of the Internal Revenue Code of 1986, as amended.

                  (g) PLAN. The term "Plan" shall mean the excess defined
         contribution retirement plan as set forth herein, together with all
         amendments hereto, which Plan shall be called "The Lubrizol Corporation
         Excess Defined Contribution Plan."

                  (h) PLAN YEAR. The term "Plan Year" shall mean the calendar
         year.

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                  (i) SUPPLEMENTAL COMPANY CONTRIBUTIONS. The term "Supplemental
         Company Contributions" shall mean the contributions made by the Company
         under the Plan in accordance with the provisions of Section 2.2.

                  (j) TRUST AGREEMENT. The term "Trust Agreement" shall mean The
         Lubrizol Corporation Excess Defined Contribution Plan Trust Agreement.

                  (k) TRUST ASSETS. The term "Trust Assets" shall mean all
         property held by the Trustee pursuant to the Trust Agreement.

                  (l) TRUSTEE. The term "Trustee" shall mean the trustee of The
         Lubrizol Corporation Excess Defined Contribution Trust.

                  (m) VALUATION DATE. The term "Valuation Date" shall mean the
         last day of each Plan Year and any other date as may be agreed upon by
         the Company and the Trustee.

                  (n) SEPARATE ACCOUNTS. The term "Separate Accounts" shall mean
         each account established on behalf of a Participant under the Plan and
         credited with Supplemental Company Contributions in accordance with the
         provisions of Section 2.3.

                  (o) LUBRIZOL DEFERRED COMPENSATION PLAN. Effective July 1,
         1994, the term "Lubrizol Deferred Compensation Plan" shall mean The
         Lubrizol Corporation Deferred Compensation Plan for Officers (which was
         adopted effective July 1, 1994), as shall be in effect on the date of
         the Participant's retirement, death, or other termination of
         employment.

                  (p) EXECUTIVE COUNCIL DEFERRED COMPENSATION PLAN. Effective
         January 1, 1997, the term "Executive Council Deferred Compensation
         Plan" shall mean The Lubrizol Corporation Executive Council Deferred
         Compensation Plan, as shall be in effect on the date of the
         Participant's retirement, death, or other termination of employment.

         1.2 ADDITIONAL DEFINITIONS. All other words and phrases used herein
shall have the meanings given them in the Lubrizol Profit-Sharing Plan, unless a
different meaning is clearly required by the context.

                                   ARTICLE II

                           SUPPLEMENTAL CONTRIBUTIONS

         2.1 ELIGIBILITY. Effective January 1, 1997, a Participant whose
benefits under the Lubrizol Profit-Sharing Plan are limited with respect to any
Plan Year by Section 401(a)(17) or 415 of the Code, or who participated in the
Lubrizol Deferred Compensation Plan or the Executive Council Deferred
Compensation Plan, shall be eligible to have contributions made with respect to
him under the Plan in accordance with the provisions of this Article II.

         2.2 SUPPLEMENTAL COMPANY CONTRIBUTIONS. Effective January 1, 1997, in
the event that Company contributions under the Lubrizol Profit-Sharing Plan with
respect to a Participant are limited for any Plan Year due to the provisions of
Section 401(a)(17) or 415 of the Code, or due to the Participant's participation
in the Lubrizol Deferred Compensation Plan or the

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Executive Council Deferred Compensation Plan, the amounts by which such
contributions are limited shall be credited under the Plan by the Company and
shall be designated as Supplemental Company Contributions.

         2.3 ALLOCATION OF CONTRIBUTIONS. Effective September 30, 1994,
Supplemental Company Contributions shall be allocated among the Separate
Accounts of the Participants on whose behalf such contributions are made.

         2.4 ADMINISTRATION OF SEPARATE ACCOUNTS. Effective September 30, 1994,
each Separate Account to which contributions under Sections 2.2 and 2.3 are
credited and allocated shall be credited monthly with the net monthly increase
experienced by the General Fund of the Lubrizol Profit-Sharing Plan.

                                   ARTICLE III

                                  DISTRIBUTION

         3.1 VESTING. Each Participant as of December 31, 1993, shall be 100
percent vested in the value of his Separate Accounts. Each new Participant after
December 31, 1993, shall be vested in the value of his Separate Accounts under
this Plan as determined in accordance with the vesting provisions of the
underlying qualified plans.

         3.2  DISTRIBUTION.  (Effective November 27, 1995)

                  (a) Each Participant who terminates employment with the
         Company and its related corporations shall receive payment of the
         balance in his Separate Account in the standard form of payment of a
         single lump-sum payment payable within 30 days following employment
         termination;

                  (b) Effective October 1, 2000, Participants may instead elect
         within a 60-day period commencing 90 days prior to employment
         termination to receive the balance of his Separate Account in any one
         of the following payment options:

                  i.  a single lump-sum payment payable within 30 days following
                  the calendar year in which the Participant's employment
                  terminated. Interest shall accrue and be paid with the
                  lump-sum; such interest to be computed at the applicable
                  interest rate, as defined in Section 417(e)(3)(A)(ii)(II) of
                  the Code, in effect on the date of employment termination.

                  ii. annual installments of up to ten payments, the first of
                  which shall be paid within 30 days of the Participant's
                  employment termination, and subsequent installments of which
                  shall be paid on the anniversary date of the payment of the
                  first installment. Such installments shall be determined by
                  dividing the value of the Participant's Separate Account
                  (determined in the same manner as under the Lubrizol
                  Profit-Sharing Plan by the number of installments to be paid
                  and adjusting for interest based on the applicable interest
                  rate, as defined in Section 417(e)(3)(A)(ii)(II) of the Code,
                  in effect on the date of employment termination. Installments
                  after the first installment shall include such interest, which
                  accrues during the 12-month period occurring since the date
                  the prior installment was paid.

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         Notwithstanding the foregoing provisions of the Plan to the contrary,
if the present value of the Separate Account is less than $25,000, such benefit
shall be paid in a single lump-sum payment to such person within 30 days
following employment termination.

         3.3 DISTRIBUTION IN THE EVENT OF DEATH. Effective September 30, 1994,
in the event of the death of a Participant prior to distribution in full of his
interest under the Plan, his Beneficiary shall receive distribution of such
interest. In the event of death of a Participant prior to making an election for
benefits, such Beneficiary shall receive distribution of such interest as soon
as practicable after such Participant's death in the form elected by such
Beneficiary pursuant to Section 3.2. The Beneficiary under this Section 3.3
shall be the person designated as the Participant's beneficiary under the
Lubrizol Profit-Sharing Plan. If no Beneficiary survives such Participant or if
no Beneficiary has been designated by such Participant, the estate of such
Participant shall be the Beneficiary and receive distribution thereof. If any
Beneficiary dies after becoming entitled to receive distribution hereunder and
before such distribution is made in full, and if no other person or persons have
been designated to receive the balance of such distribution upon the happening
of such contingency, the estate of such deceased Beneficiary shall become the
Beneficiary as to such balance.

                                   ARTICLE IV

                       ADMINISTRATION (Effective 9/23/02)

         4.1 AUTHORITY OF THE COMPANY. The Company shall be responsible for the
general administration of the Plan, for carrying out the provisions hereof, and
for making, or causing the Trust to make, any required supplemental benefit
payments. The Company shall have all such powers as may be necessary to carry
out the provisions of the Plan, including the power to determine all questions
relating to eligibility for and the amount of any supplemental pension benefit
and all questions pertaining to claims for benefits and procedures for claim
review; to resolve all other questions arising under the Plan, including any
questions of construction; and to take such further action as the Company shall
deem advisable in the administration of the Plan. The Company may delegate any
of its powers, authorities, or responsibilities for the operation and
administration of the Plan to any person or committee so designated in writing
by it and may employ such attorneys, agents, and accountants as it may deem
necessary or advisable to assist it in carrying out its duties hereunder. The
actions taken and the decisions made by the Company hereunder shall be final and
binding upon all interested parties.

         4.2 CLAIMS REVIEW PROCEDURE. The Company shall notify the person who
files a claim for benefits (hereinafter referred to as the "Claimant") of the
Plan's adverse benefit determination within a reasonable period of time, but not
later than 90 days after the receipt of the claim by the Plan, unless the
Company determines that special circumstances require an extension of time for
processing the claim. If the Company determines that special circumstances
require an extension of time for processing is required, written notice of the
extension shall be furnished to the Claimant prior to the termination of the
initial 90-day period. In no event shall such extension exceed a period of 90
days from the end of such initial period. The extension notice shall indicate
the special circumstances requiring an extension of time and the date by which
the Plan expects to render the benefit determination. Whenever the Company
decides for whatever reason to deny, whether in whole or in part, a claim for
benefits filed by any Claimant, the Company shall transmit to the Claimant a
written notice of the Company's decision, which shall be written in a manner
calculated to be understood by the Claimant and contain a statement of the
specific reasons for the denial of the claim, reference

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to the specific Plan provisions on which the determination was based, a
description of any additional material or information necessary for the Claimant
to perfect the claim and an explanation of why such material or information is
necessary, a description of the Plan's review procedures and the time limits
applicable to such procedures, include a statement of the Claimant's right to
bring civil action under Section 502(a) ERISA following an adverse benefit
determination on review. Within 60 days of the date on which the Claimant
receives such notice, he or his authorized representative may request that the
claim denial be reviewed by filing with the Company a written request therefor,
which request shall contain the following information:

               (a)  the date on which the Claimant's request was filed with the
               Company; provided, however, that the date on which the
               Claimant's request for review was in fact filed with the
               Company shall control in the event that the date of the actual
               filing is later than the date stated by the Claimant pursuant
               to this paragraph (a);

               (b)  the specific portions of the denial of his claim which the
               Claimant requests the Company to review;

               (c)  a statement by the Claimant setting forth the basis upon
               which he believes the Company should reverse the Company's
               previous denial of his claim for benefits and accept his claim
               as made; and

               (d)  any written comments, documents, records and other
               information which the Claimant desires the Company to examine
               in its consideration of his position as stated pursuant to
               paragraph (c).

Claimant shall be provided, upon request and free of charge, reasonable access
to, and copies of, all documents, records, and other information relevant to the
Claimant's claim for benefits. The review of the claim will take into account
all comments, documents, records and other information submitted by the Claimant
relating to the claim, without regard to whether such information was submitted
or considered in the initial benefit determination. Within no later than 60 days
of the date determined pursuant to paragraph (a) of this Section 4.2, the
Company shall notify Claimant of the Plan's benefit determination, unless the
Company determines that special circumstances require an extension of time for
processing the claim. If the Company determines that an extension of time for
processing is required, written notice of the extension will be furnished to the
Claimant prior to the termination of the initial 60-day period. In no event
shall such extension exceed a period of 60 days from the end of the initial
period. The extension notice shall indicate the special circumstances requiring
an extension of time and the date by which the Plan expects to render the
determination on review. The Company shall provide the Claimant with a written
notification of the Plan's benefit determination on review, written in a manner
calculated to be understood by the Claimant, including the reasons and Plan
provisions upon which its decision was based, a statement that the Claimant is
entitled to receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant to the
Claimant's claim for benefits, and a statement of the Claimant's right to bring
an action under Section 502(a) of ERISA.

<PAGE>
                                    ARTICLE V

                            AMENDMENT AND TERMINATION

         The Company reserves the right to amend or terminate the Plan in whole
or in part at any time and to suspend operation of the Plan, in whole or in
part, at any time, by resolution or written action of its Board of Directors or
by action of a committee to which such authority has been delegated by the Board
of Directors; provided, however, that no amendment shall result in the
forfeiture or reduction of the interest of any Participant or person claiming
under or through any one or more of them pursuant to the Plan. Any amendment of
the Plan shall be in writing and signed by authorized individuals.

                                   ARTICLE VI

                                  MISCELLANEOUS

         6.1 NON-ALIENATION OF RETIREMENT RIGHTS OR BENEFITS. No Participant
shall encumber or dispose of his right to receive any payments hereunder, which
payments or the right thereto are expressly declared to be non-assignable and
non-transferable. If a Participant or Beneficiary attempts to assign, transfer,
alienate or encumber his right to receive any payment under the Plan or permits
the same to be subject to alienation, garnishment, attachment, execution, or
levy of any kind, then thereafter during the life of such Participant or
Beneficiary and also during any period in which any Participant or Beneficiary
is incapable in the judgment of the Company of attending to his financial
affairs, any payments which the Company is required to make hereunder may be
made, in the discretion of the Company, directly to such Participant or
Beneficiary or to any other person for his use or benefit or that of his
dependents, if any, including any person furnishing goods or services to or for
his use or benefit or the use or benefit of his dependents, if any. Each such
payment may be made without the intervention of a guardian, the receipt of the
payee shall constitute a complete acquittance to the Company with respect
thereto, and the Company shall have no responsibility for the proper allocation
thereof.

         6.2 PLAN NON-CONTRACTUAL. Nothing herein contained shall be construed
as a commitment or agreement on the part of any person employed by the Company
to continue his employment with the Company, and nothing herein contained shall
be construed as a commitment on the part of the Company to continue the
employment or the annual rate of compensation of any such person for any period,
and all Participants shall remain subject to discharge to the same extent as if
the Plan had never been established.

         6.3 TRUST. In order to provide a source of payment for its obligations
under the Plan, the Company has established The Lubrizol Corporation Excess
Defined Contribution Plan Trust.

         6.4 INTEREST OF A PARTICIPANT. Subject to the provisions of the Trust
Agreement, the obligation of the Company under the Plan to provide a Participant
or Beneficiary with supplemental retirement benefits merely constitutes the
unsecured promise of the Company to make payments as provided herein, and no
person shall have any interest in, or a lien or prior claim upon, any property
of the Company.

         6.5 CONTROLLING STATUS. No Participant shall be eligible for a benefit
under the Plan unless such Participant is a Participant on the date of his
retirement, death, or other termination of employment.

         6.6 CLAIMS OF OTHER PERSONS. The provisions of the Plan shall in no
event be construed as giving any person, firm or corporation any legal or
equitable right as against the Company,

<PAGE>

its officers, employees, or directors, except any such rights as are
specifically provided for in the Plan or are hereafter created in accordance
with the terms and provisions of the Plan.

         6.7 SEVERABILITY. The invalidity or unenforceability of any particular
provision of the Plan shall not affect any other provision hereof, and the Plan
shall be construed in all respects as if such invalid or unenforceable provision
were omitted herefrom.

         6.8 GOVERNING LAW. The provisions of the Plan shall be governed and
construed in accordance with the laws of the State of Ohio.

<PAGE>

                                   APPENDIX A
                                       TO
                            THE LUBRIZOL CORPORATION
                        EXCESS DEFINED CONTRIBUTION PLAN

Participants(1)                                       Effective Date
---------------                                       --------------

1. W. G. Bares                                        December 31, 1986
2. G. R. Hill                                         December 31, 1986
3. J. R. Ahern                                        April 1, 1990
4. J. W. Bauer                                        April 27, 1992
5. S. F. Kirk                                         April 26, 1993
6. Y. Le Couedic                                      April 26, 1993
7. J. E. Hodge                                        April 26, 1993
8. M. W. Meister                                      April 26, 1993
9. S. A. Di Biase                                     April 26, 1993
10. G. P. Lieb                                        April 25, 1994
11. L. M. Reynolds                                    April 24, 1995
12.  C. P. Cooley                                     April 1, 1998
13.  D. W. Bogus                                      April 1, 2000
14.  J. L. Hambrick                                   May 1, 2000
15.  G. R. Lewis                                      April 23, 2001
16.  R. S. Potter                                     September 4, 2001
17.  J. Wanstreet                                     April 22, 2002

Former Participants(2)
---------------------
1. P. L. Krug (R)
2. W. T. Beargie (R)
3. W. D. Manning (R)
4. R. W. Scher (R)
5. J. P. Arzul (D)
6. J. R. Cooper (R)
7. J. I. Rue (R)
8. R. J. Senz (T)
9. E. V. Luoma (R)
10. R. Y. K. Hsu (R)
11. L. E. Coleman (D)
12. J. G. Bulger (R)
13.  D. A. Muskat (R)
14.  W. R. Jones (R)
15.  R. A. Andreas (R)
16.  J. A. Thomas (R)
17.  K. H. Hopping (R)
18.  R. D. Robins (R)

--------
(1) This listing of Participants is limited to those Participants who are also
officers for purposes of Section 16 of the Securities Exchange Act of 1934.
(2) R = Retired, D = Deceased, T = Terminated.<PAGE>
                                                                Exhibit (10)(j)

                            THE LUBRIZOL CORPORATION
                             OFFICERS' SUPPLEMENTAL
                                RETIREMENT PLAN
                              (As Amended 9/23/02)

         The Lubrizol Corporation hereby establishes, effective as of January
1, 1993, The Lubrizol Corporation Officers' Supplemental Retirement Plan (the
"Plan") for the purpose of providing deferred compensation benefits to a select
group of management or highly compensated employees.

         Section 1. DEFINITIONS. For the purposes hereof, the following words
and phrases shall have the meanings indicated, unless a different meaning is
plainly required by the context:

                  (a) BENEFICIARY. The term "Beneficiary" shall mean a person
         who is designated by a Participant to receive benefits payable upon
         his death pursuant to the provisions of Section 6.

                  (b) CODE. The term "Code" shall mean the Internal Revenue
         Code as amended from time to time. Reference to a section of the Code
         shall include such section and any comparable section or sections of
         any future legislation that amends, supplements, or supersedes such
         section.

                  (c) COMPANY. The term "Company" shall mean The Lubrizol
         Corporation, an Ohio corporation, its corporate successors and the
         surviving corporation resulting from any merger of The Lubrizol
         Corporation with any other corporation or corporations.

                  (d) CREDITED SERVICE. The term "Credited Service" shall mean
         a Participant's years of service with the Company equal to the number
         of full and fractional years of service (to the nearest twelfth of a
         year) beginning on the date the Participant first performed an hour of
         service for the Company and ending on the date he is no longer
         employed by the Company.

                  (e) FINAL AVERAGE PAY. Effective, January 1, 1997, the term
         "Final Average Pay" shall mean the aggregated amount of Basic
         Compensation (as that term is defined in the Lubrizol Pension Plan
         modified to add cash (but not shares), if any, which the Participant
         has elected to defer under The Lubrizol Corporation Deferred
         Compensation Plan for Officers (which was adopted effective July 25,
         1994) or under The Lubrizol Corporation Executive Council Deferred
         Compensation Plan (which was adopted effective January 1, 1997),
         received by the Participant during the three consecutive calendar
         years during which such Participant received the greatest aggregate
         amount of Basic Compensation, as defined above, within the most recent
         ten years of employment, divided by 36.
<PAGE>

                  (f) LUBRIZOL PENSION PLAN. The term "Lubrizol Pension Plan"
         shall mean The Lubrizol Corporation Pension Plan as the same shall be
         in effect on the date of a Participant's retirement, death, or other
         termination of employment.

                  (g) NORMAL RETIREMENT DATE. The term "Normal Retirement Date"
         shall mean the first day of the month following the date on which a
         Participant attains age sixty-five (65).

                  (h) PARTICIPANT. The term "Participant" shall mean the Chief
         Executive Officer, the Chief Operating Officer and any other officer
         of the Company who is designated by the Board of Directors of the
         Company and the Chief Executive Officer to participate in the Plan,
         and who has not waived participation in the Plan.

                  (i) PLAN. The term "Plan" shall mean a deferred compensation
         plan set forth herein, together with all amendments hereto, which Plan
         shall be called "The Lubrizol Corporation Officers' Supplemental
         Retirement Plan."

         Section 2. VESTING. The Participant shall be 100 percent vested in his
accrued supplemental retirement benefit hereunder.

         Section 3. NORMAL RETIREMENT BENEFIT. Each Participant who retires
from employment with the Company on or after his Normal Retirement Date shall
receive, subject to the provisions of Sections 6 and 7, a monthly supplemental
retirement benefit which shall be equal to two percent (2%) of his Final
Average Pay multiplied by his Credited Service (up to 30 years) offset by the
following amounts:

                  (a) Benefits payable to the Participant under the Lubrizol
         Pension Plan;

                  (b) Benefits payable to the Participant under The Lubrizol
         Corporation Employees' Stock Purchase and Savings Plan, including
         benefits attributable to Matching Contributions, but excluding
         benefits attributable to CODA Contributions, Supplemental
         Contributions, Rollover Contributions or Transferred Contributions, as
         defined thereunder;

                  (c) Benefits payable to the Participant under The Lubrizol
         Corporation Employees' Profit-Sharing Plan;

                  (d) Benefits payable to the Participant under The Lubrizol
         Corporation Excess Defined Contribution Plan;

                  (e) Benefits payable to the Participant under The Lubrizol
         Corporation Excess Defined Benefit Plan;

                  (f) The Participant's Social Security benefits;

                  (g) Any other employer-provided benefits not specifically
         excluded herein which are payable to the Participant pursuant to any
         qualified or nonqualified retirement plan maintained by the Company.

<PAGE>

         Such offsets shall be determined using the actuarial factors provided
in the Lubrizol Pension Plan.

         Section 4. EARLY RETIREMENT ELIGIBILITY AND DETERMINATION OF BENEFIT.
Each Participant who retires from employment with the Company at or after age
55, but prior to his Normal Retirement Date, shall receive a percentage of his
supplemental retirement benefit determined under Section 3, in accordance with
the early retirement schedule provided in the Lubrizol Pension Plan.

         Section 5. TERMINATION OF EMPLOYMENT. If a Participant terminates
employment prior to age 55, he shall receive the actuarial equivalent of his
supplemental retirement benefit determined under Section 3 in a single lump-sum
payment; such actuarial equivalent of which shall be calculated using the same
actuarial factors and interest rates used in the Lubrizol Pension Plan as in
effect on the date the Participant terminates employment in accordance with
this Section 5.

         Section 6. PAYMENT TO PARTICIPANT. (Effective November 27, 1995)

                  (a) Each Participant who retires in accordance with Sections
         3 or 4 shall receive payment of his supplemental pension benefit under
         the Plan determined as of his date of retirement in the standard form
         of benefit of a monthly retirement benefit commencing within 30 days
         following retirement and payable to such Participant for his lifetime
         following such retirement, with the continuance to his Beneficiary of
         such amount after his death for the remainder, if any, of the
         120-month term that commenced with the date as of which the first
         payment of such monthly benefit is made, and with any such monthly
         benefits remaining unpaid upon the death of the survivor of the
         Participant and his Beneficiary to be made to the estate of such
         survivor.

                  (b) Participants may instead elect within a 60 day period
         commencing 90 days prior to retirement to receive the actuarial
         equivalent of the standard form of benefit determined under paragraph
         a, on the date of retirement, in accordance with any one of the
         following options:

                           (i) a single lump-sum payment payable within 30 days
                  following retirement;

                           (ii) effective October 1, 2000, a single lump-sum
                  payment payable within 30 days following the end of the
                  calendar year in which the Participant retires. Interest on
                  the lump-sum deferral shall accrue and be paid with the
                  lump-sum; such interest to be computed at the applicable
                  interest rate, as defined in Section 417(e)(3)(A)(ii)(II) of
                  the Code, in effect on the date of retirement;

                           (iii) a reduced monthly retirement benefit
                  commencing within 30 days following retirement and payable to
                  such Participant for his lifetime following his retirement,
                  with the continuance of a monthly benefit equal to fifty
                  percent (50%) of such reduced amount after his death to his
                  Beneficiary during the lifetime of the Beneficiary, provided
                  that such

<PAGE>

                  Beneficiary is living at the time of such Participant's
                  retirement and survives him;

                           (iv) a reduced monthly retirement benefit commencing
                  within 30 days following retirement and payable to such
                  Participant for his lifetime following his retirement, with
                  the continuance of a monthly benefit equal to one hundred
                  percent (100%) of such reduced amount after his death to his
                  Beneficiary during the lifetime of the Beneficiary, provided
                  such Beneficiary is living at the time of such Participant's
                  retirement and survives him.

                           (v) annual installments of up to ten payments, the
                  first of which shall be paid within 30 days following
                  retirement, and subsequent installments of which shall be
                  paid on the anniversary date of the payment of the first
                  installment. Such installments shall be determined by
                  dividing the commuted lump-sum equivalent of the supplemental
                  retirement benefit (determined in the same manner as under
                  the Lubrizol Pension Plan) by the number of installments to
                  be paid and adjusting for interest based on the interest rate
                  used to determine the commuted lump-sum payment. Installments
                  after the first installment shall include such interest which
                  accrues during the 12-month period occurring since the date
                  the prior installment was paid.

         Notwithstanding the foregoing provisions of the Plan to the contrary,
if the present actuarial value of any retirement benefit or survivor benefit
under the Plan to any person, determined as described above, is less than
$25,000, such benefit shall be paid in a single lump-sum payment to such person
within 30 days following retirement.

         Section 7. PAYMENT IN THE EVENT OF DEATH PRIOR TO COMMENCEMENT OF
DISTRIBUTION. If a Participant dies prior to commencement of benefits under the
Plan, his surviving spouse, if any, shall be eligible for a survivor benefit
which is equal to one-half of the reduced monthly benefit the Participant would
have received under the Plan if the Participant had terminated employment on
the day before his death and had elected to receive his benefit hereunder in
the form of a 50 percent joint and survivor annuity. In making the
determinations and reductions required in this Section 7, the Company shall
apply the assumptions then in use under the Lubrizol Pension Plan. For purposes
hereof, a surviving spouse shall only be eligible for a benefit under this
Section 7, if such spouse had been married to the deceased Participant for at
least one year as of the date of the Participant's death.

         Section 8. ACTUARIAL FACTORS. All actuarial assumptions and factors
used in this Plan shall be the same as those used in the Lubrizol Pension Plan.

         Section 9. FUNDING. The obligation of the Company to pay benefits
provided hereunder shall be unfunded and unsecured and such benefits shall be
paid by the Company out of its general funds. In order to provide a source of
payment for its obligations under the Plan, the Company may cause a trust fund
to be maintained and/or arrange for insurance contracts. Subject to the
provisions of the trust agreement governing any such trust fund or the
insurance contract, the obligation of the Company under the Plan to provide a
Participant with a benefit shall nonetheless constitute the

<PAGE>

unsecured promise of the Company to make payments as provided herein, and no
person shall have any interest in, or a lien or prior claim upon, any property
of the Company.

         Section 10. PLAN ADMINISTRATION AND CLAIMS PROCEDURE (Effective
9/23/02)

                  a. The Company shall be the plan administrator of the Plan.
         The plan administrator shall perform all ministerial functions with
         respect to the Plan. Further, the plan administrator shall have full
         power and authority to interpret and construe the Plan and shall
         determine all questions arising in the administration, interpretation,
         and application of the Plan. Any such determination shall be
         conclusive and binding on all persons. The plan administrator shall
         employ such advisors or agents as it may deem necessary or advisable
         to assist it in carrying out its duties hereunder.

                  b. The Company shall notify the person who files a claim for
         benefits (hereinafter referred to as the "Claimant") of the Plan's
         adverse benefit determination within a reasonable period of time, but
         not later than 90 days after the receipt of the claim by the Plan,
         unless the Company determines that special circumstances require an
         extension of time for processing the claim. If the Company determines
         that special circumstances require an extension of time for processing
         is required, written notice of the extension shall be furnished to the
         Claimant prior to the termination of the initial 90-day period. In no
         event shall such extension exceed a period of 90 days from the end of
         such initial period. The extension notice shall indicate the special
         circumstances requiring an extension of time and the date by which the
         Plan expects to render the benefit determination. Whenever the Company
         decides for whatever reason to deny, whether in whole or in part, a
         claim for benefits filed by any Claimant, the Company shall transmit
         to the Claimant a written notice of the Company's decision, which
         shall be written in a manner calculated to be understood by the
         Claimant and contain a statement of the specific reasons for the
         denial of the claim, reference to the specific Plan provisions on
         which the determination was based, a description of any additional
         material or information necessary for the Claimant to perfect the
         claim and an explanation of why such material or information is
         necessary, a description of the Plan's review procedures and the time
         limits applicable to such procedures, include a statement of the
         Claimant's right to bring civil action under Section 502(a) ERISA
         following an adverse benefit determination on review. Within 60 days
         of the date on which the Claimant receives such notice, he or his
         authorized representative may request that the claim denial be
         reviewed by filing with the Company a written request therefor, which
         request shall contain the following information:

                           (i) the date on which the Claimant's request was
                  filed with the Company; provided, however, that the date on
                  which the Claimant's request for review was in fact filed
                  with the Company shall control in the event that the date of
                  the actual filing is later than the date stated by the
                  Claimant pursuant to this paragraph (i);

                           (ii) the specific portions of the denial of his
                  claim which the Claimant requests the Company to review;

<PAGE>

                           (iii) a statement by the Claimant setting forth the
                  basis upon which he believes the Company should reverse the
                  Company's previous denial of his claim for benefits and
                  accept his claim as made; and

                           (iv) any written comments, documents, records and
                  other information which the Claimant desires the Company to
                  examine in its consideration of his position as stated
                  pursuant to paragraph (iii).

         Claimant shall be provided, upon request and free of charge,
         reasonable access to, and copies of, all documents, records, and other
         information relevant to the Claimant's claim for benefits. The review
         of the claim will take into account all comments, documents, records
         and other information submitted by the Claimant relating to the claim,
         without regard to whether such information was submitted or considered
         in the initial benefit determination. Within no later than 60 days of
         the date determined pursuant to paragraph (i), the Company shall
         notify Claimant of the Plan's benefit determination, unless the
         Company determines that special circumstances require an extension of
         time for processing the claim. If the Company determines that an
         extension of time for processing is required, written notice of the
         extension will be furnished to the Claimant prior to the termination
         of the initial 60-day period. In no event shall such extension exceed
         a period of 60 days from the end of the initial period. The extension
         notice shall indicate the special circumstances requiring an extension
         of time and the date by which the Plan expects to render the
         determination on review. The Company shall provide the Claimant with a
         written notification of the Plan's benefit determination on review,
         written in a manner calculated to be understood by the Claimant,
         including the reasons and Plan provisions upon which its decision was
         based, a statement that the Claimant is entitled to receive, upon
         request and free of charge, reasonable access to, and copies of, all
         documents, records and other information relevant to the Claimant's
         claim for benefits, and a statement of the Claimant's right to bring
         an action under Section 502(a) of ERISA.

         Section 11. NOT A CONTRACT OF CONTINUING EMPLOYMENT. Nothing herein
contained shall be construed as a commitment or agreement on the part of the
Participant to continue his employment with the Company, and nothing herein
contained shall be construed as a commitment or agreement on the part of the
Company to continue the employment or the annual rate of compensation of the
Participant for any period, and the Participant shall remain subject to
discharge to the same extent as if this Plan had never been put into effect.

         Section 12. RIGHT OF AMENDMENT AND TERMINATION. Effective October 1,
1994, the Company reserves the right to amend or terminate the Plan in whole or
in part at any time and to suspend operation of the Plan, in whole or in part,
at any time, by resolution or written action of its Board of Directors or by
action of a committee to which such authority has been delegated by the Board
of Directors; provided, however, that no amendment shall result in the
forfeiture or reduction of the interest of any Participant or person claiming
under or through any one or more of them pursuant to the Plan. Any amendment of
the Plan shall be in writing and signed by authorized individuals.

<PAGE>

         Section 13. TERMINATION AND DISTRIBUTION OF ACCRUED BENEFITS. The Plan
may be terminated at any time by the Company, and in that event the amount of
the accrued benefits as of the date of such termination shall remain an
obligation of the Company and shall be payable as if the Plan had not been
terminated.

         Section 14. CONSTRUCTION. Where necessary or appropriate to the
meaning hereof, the singular shall be deemed to include the plural, the plural
to include the singular, the masculine to include the feminine, and the
feminine to include the masculine.

         Section 15. SEVERABILITY. In the event any provision of the Plan is
deemed invalid, such provision shall be deemed to be severed from the Plan, and
the remainder of the Plan shall continue to be in full force and effect.

         Section 16. GOVERNING LAW. Except as otherwise provided, the
provisions of the Plan shall be construed and enforced in accordance with the
laws of the State of Ohio.

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