Document:

DEFERRAL AGREEMENT

DEFERRAL AGREEMENT

UNDER

THE ALLIANCE CAPITAL MANAGEMENT L.P.

ANNUAL ELECTIVE DEFERRAL PLAN

FOR

YEAR 2001 BONUS OR YEAR END COMISSION PAYMENTS

 

This agreement (the “Plan Agreement”) is entered

into between David Brewer (“you”) and Alliance Capital Management L.P.

(the “Company”)

with respect to your elective deferral of a portion of your Bonus or Year End

Commission Payments for the year 2001 under the Alliance Capital Management

L.P. Annual Elective Deferral Plan (the “Plan”). 

You have elected to defer a portion of your year 2001 Bonus or Year End

Commission Payments as set forth in the Deferral Election signed by you and

submitted with this Plan Agreement (your “Elective Deferral”) and in connection with

that deferral you agree to the terms set forth in this Plan Agreement.  The Plan provides a description of the terms

and conditions governing your Elective Deferral and all other aspects of your

participation in the Plan.  If there is

any inconsistency between the terms of this Plan Agreement and the terms of the

Plan, the Plan’s terms completely supercede and replace the conflicting terms

of this Plan Agreement.  All capitalized

terms have the meanings given them in the Plan, unless specifically stated

otherwise in this Plan Agreement.

 

1.             Crediting

of Your Elective Deferral.  Your Elective Deferral will

be credited to you under the Plan as of the date such amount(s) would otherwise

have been paid to you absent your Deferral Election.

 

2.             Crediting

of Your Company Matching Contribution.  As of the

date that you are credited with the amount(s) constituting your Elective

Deferral, you shall also be credited with an additional amount equal to 20% of

those amount(s) (the “Company Matching Contribution”).

 

3.             Conversion

of Units.  Your Elective Deferral and related Company

Matching Contribution shall be converted into Units as soon as practicable

after such amounts are credited to you. 

The price per Unit used for such conversion shall be based on:

 

(i)                                     For Units purchased from one or more

holders of outstanding Units, the cost paid by the Company for such Units as

determined pursuant to the purchase and pricing methodologies generally used

under the Partners Plan, reduced, at the discretion of the Committee, by the

applicable commissions and purchase transaction fees; and

 

(ii)                                  For Units newly issued and acquired

directly from Holding, a price equal to the average regular session closing

price of the Units reflected on the NYSE composite tape for the December 31

following

 

1

the relevant Deferral Election Date (or, if such date

is not a trading day on the NYSE, then the last preceding trading day).

 

4.             Distributions

on Units.  Any quarterly or special distribution paid

with respect to Units credited to you shall also be credited to you and shall

be converted into additional Units at such intervals as may be established by

the Committee, but in any event no less frequently than annually.  The price per Unit used for such conversion

shall be based on:

 

(i)                                     For Units purchased from one or more

holders of outstanding Units, the cost paid by the Company for such Units as

determined pursuant to the purchase and pricing methodologies generally used

under the Partners Plan, reduced, at the discretion of the Committee, by the applicable

commissions and purchase transaction fees; and

 

(ii)                                  For Units newly issued and acquired

directly from Holding, a price equal to the average regular session closing

price of the Units reflected on the NYSE composite tape for the date such

distributions are paid.

 

5.             Your

Account.  As of the date you are credited with cash

amounts in respect of your Elective Deferral, Company matching Contribution or

any distribution on Units credited to you in respect of your Elective Deferral

or Company Matching Contribution, those amounts shall be posted to a

bookkeeping account established under the Plan in your name (your “Plan Account”).  As of the date that any such amounts are

converted into Units, your Plan Account shall be amended to reflect such

conversation to Units.

 

6.                                      Vesting

 

(a)           Elective

Deferrals.  Your Elective

Deferral and all distributions credited with respect to Units into which your

Elective Deferral has been converted, shall be 100% vested and non-forfeitable

from and after the date such Elective Deferral and distributions are credited

to you.

 

(b)           Company

Match.  You shall become

vested in your Company Matching Contribution and all distributions credited

with respect to Units into which your Company Matching Contribution has been

converted, in installments of one-third of the amount of your Company Matching

Contribution and such distributions as of December 31 of each of 2002, 2003 and

2004, provided that you remain in the employ of the Company or an affiliate as

of each such December 31, except that the entire amount of your Company

Matching Contribution and the related distributions credited to you will fully

vest if, prior to your Termination of Employment, you die, incur a Disability

or attain age 62.  In the event of your

Termination of Employment prior to age 62 other than due to death or

Disability, to the extent that any portion of your Company Matching

Contribution and related distributions is not vested as of

 

2

 

 the date of your Termination of

Employment, such unvested portion shall be forfeited by you.

 

7.                                      Distribution.

 

(a)           Distribution

Election.  You are required

to complete the distribution section of your Deferral Election to designate the

time and method of distribution for the amounts covered by your Deferral

Election and the Company Matching Contribution and distributions relating to

such amounts.  The distribution

instructions set forth in your Deferral Election shall be irrevocable as to the

amounts covered by such election; provided, however, that, if you so request,

the Committee may, in its sole discretion, allow you to amend your distribution

instructions to extend the deferral of the amounts covered by your Deferral

Election and the Company Matching Contribution and related distributions, if

such amendment is made at least one year prior to the scheduled distribution

commencement date for such amounts and the amendment defers commencement of

such distribution for at least three years beyond the scheduled distribution

commencement date.

 

(b)           Uncertainty

as to Distribution Date.  If,

with respect to amounts covered by your Deferral Election, you have failed to

elect a distribution commencement date or there exists any ambiguity as to the

distribution commencement date you have elected, such amounts (including the

relevant vested Company matching Contribution) may be distributed to you after

the earlier of the date of your Termination of Employment or the third

anniversary of your Deferral Election Date, unless determined otherwise by the

Committee, in its sole discretion.

 

(c)           Uncertainty

as to Method of Payment.  If,

with respect to amounts covered by your Deferral Election, you have failed to

elect a method of payment or there exists any ambiguity as to the method of

payment you elected, the method of payment for such amounts (including the

relevant vested Company Matching Contribution) shall be lump sum, unless

determined otherwise by the Committee, in its sole discretion.

 

(d)           Form of

Distribution.  All

distributions shall be paid in-kind in the form of Units.

 

8.             Financial

Emergencies.  If you experience an Unforeseeable Financial

Emergency, you may petition the Committee to (i) suspend any deferrals required

but not yet made under your Deferral Election and/or (ii) receive a partial or

full payout of your Account Balance. 

The Committee shall have complete discretion to accept or reject your

petition and to determine the amounts, if any, which may be paid out to you;

provided, however, that the payout shall not exceed the lesser of your Account

Balance, or the amount reasonably needed to satisfy the Unforeseeable Financial

Emergency.

 

3

 

9.             Withdrawal

Election.  You (or, after your death, your Beneficiary)

may elect, at any time, to withdraw all of your Account Balance, less a

withdrawal penalty equal to 10% of such amount.  This election can be made at any time before or after your

Retirement, Disability, death or Termination of Employment, and whether or not

you (or your Beneficiary) is in the process of being paid pursuant to an

installment payment schedule.  No

partial withdrawals of your Account Balance shall be allowed.  You (or your Beneficiary) shall make this

election by giving the Committee advance written notice of the election in a

form determined from time to time by the Committee.  Once you have withdrawn your Account Balance your participation

in the Plan shall terminate and you shall not be eligible to participate in the

Plan in the future.

 

10.          Beneficiary

Designation.  You are encouraged to designate a

Beneficiary to receive your Account Balance under the Plan in the event of your

death.  You may do so by completing and

signing a Beneficiary Designation Form provided by the Committee and returning

it to the Committee.  You shall have the

right change a Beneficiary by completing, signing and otherwise complying with

the terms of the Beneficiary Designation Form and the Committee’s rules and

procedures, as in effect from time to time. 

Upon the acceptance by the Committee of a new Beneficiary Designation

Form, all Beneficiary designations previously filed shall be canceled.  The Committee shall be entitled to rely on

the last Beneficiary Designation Form filed by you and accepted by the

Committee prior to your death.  No

designation or change in designation of a Beneficiary shall be effective until

received, accepted and acknowledged in writing by the Committee or its

designated agent.  In the event of your

death, the amounts relating to your Elective Deferral and the related Company

Matching Contribution as well as all other amounts comprising your Account

Balance will be distributed in accordance with your last Beneficiary

Designation Form submitted to and acknowledged by the Committee.  If you fail to designate a Beneficiary by

way of a properly completed Beneficiary Designation Form acknowledged by the

Committee or if your designated Beneficiaries predecease you or die prior to

complete distribution of your Account Balance, then your designated Beneficiary

shall be deemed to be your estate.  If

the Committee has any doubt as to the proper Beneficiary to receive payments

pursuant to this Plan, the Committee shall have the right, exercisable in its

discretion, to withhold such payments until this matter is resolved to the

Committee’s satisfaction.

 

11.          Tax

Withholding.  As and when any Federal, state or local tax

or any other charge is required by law to be withheld with respect to the

vesting of amounts credited to you, the payment of distributions on any Units

credited to you and the distribution of Units or other amounts from your Plan

Account (a “Withholding Amount”), you agree promptly to pay the

Withholding Amount to the Company in cash. 

You agree that if you do not pay the Withholding Amount to the Company,

the Company may withhold any unpaid portion of the Withholding Amount from any

amount otherwise due to you. 

Notwithstanding the foregoing, the Company may, in its sole discretion,

establish and amend policies from time to time for the satisfaction

 

4

 

 of Withholding Amounts by the

deduction of a portion of the Units credited to you under the Plan.

 

12.          Administration. 

It is expressly understood that the Committee is authorized to

administer, construe, and make all determinations necessary or appropriate to

the administration of the Plan and this Plan Agreement, all of which shall be

binding upon you.  The Committee is

under no obligation to treat you or your interest under the Plan with the

treatment provided for other participants in the Plan.

 

13.                               Miscellaneous.

 

(a)           This

Plan Agreement does not confer upon you any right to continuation of employment

by the Company, nor does this Plan Agreement interfere in any way with the

Company’s right to terminate your employment at any time.

 

(b)           Nothing

in this Plan Agreement is intended or should be construed as a guarantee or

assurance that you will receive any amounts in respect of a Bonus or Year End

Commission Payments or any award under the Partners Plan, and all such

entitlements remain in the sole discretion of the Company.

 

(c)           This

Plan Agreement will be governed by, and construed in accordance with, the laws

of the State of New York (without regard to conflict law provisions).

 

(d)           This Plan Agreement and the Plan

constitute the entire understanding between you and the Company regarding your

year 2001 Elective Deferral and the related Company matching Contribution.  Any prior agreements, commitments or

negotiations concerning the same are superceded.  This Plan Agreement may be amended only by another written

agreement, signed by parties.

 

5

 

BY

SIGNING BELOW, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND

IN THE PLAN.

 

IN WITNESS WHEREOF, the parties hereto have caused

this Plan Agreement to be executed effective as of November 14, 2001.

 

 

	

   

  	

  Alliance Capital Management L.P.

  
	

   

  	

  By:

  	

  Alliance Capital Management

  
	

   

  	

   

  	

  Corporation, General Partner

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  Participant Signature:

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  /s/ David Brewer

  	

   

  
	

   

  	

   

  	

  David Brewer

  
					

 

6

 

ALLIANCE ELECTIVE DEFERRAL PLAN

 

DEFERRAL ELECTION FORM

 

	

   

  	

  David

  Brewer

  	

   

  
	

   

  	

  Name

  of Participant

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  December 31, 2001

  	

   

  
	

   

  	

  Deferral

  Date

  	

   

  

 

I hereby make the

following irrevocable election regarding the deferral of my 2001 bonus/4Q2001

commission and the conversion of that amount into units of Alliance Capital

Management Holding L.P. (“Units”) under the provisions of the above-named plan

(the “Plan”).  I acknowledge that I have

received and reviewed the following documents: 

a Plan term sheet, a prospectus for the Plan (which contains the Plan

Document), an Alliance 2000 Annual Report, an Alliance 2000 Form 10-K and a

Plan Agreement that requires my signature.

 

Election of the Participant for this Deferral:

 

I hereby elect to defer a portion of my 2001

bonus/4Q2001 commission equal to 50% (increments of 10%- cannot exceed

50%) of my 2001 Alliance Partners Compensation Plan Award, if any, not to

exceed $250,000 and to have that amount converted into Units in

accordance with the provisions of the Plan.

 

 

	

  /s/ David Brewer

  	

   

  	

  November 14, 2001

  	

   

  
	

  Signature of Participant

  	

   

  	

  Date

  	

   

  
	

   

  	

   

  	

   

  	

   

  
	

  David Brewer

  	

   

  	

   

  	

   

  
	

  Print Name

  	

   

  	

   

  	

   

  

 

This

form must be faxed to Pete Swetz at (212) 969-6854 before 5:00 p.m. on

Wednesday, November 14, 2001.  You will

receive a confirmation via e-mail within 24 hours of receipt of your fax.  Please do not call Pete’s office unless you

do not receive this confirmation within 24 hours.  Forms received after 5:00 p.m. on Wednesday, November 14, 2001

will not be accepted.

 

7

 

ALLIANCE ANNUAL ELECTIVE DEFERRAL PLAN

 

DISTRIBUTION DATE ELECTION FORM

 

	

   

  	

  David

  Brewer

  	

   

  
	

   

  	

  Name

  of Participant

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  December 31, 2001

  	

   

  
	

   

  	

  Deferral

  Date

  	

   

  

 

I hereby make the following

election regarding the distribution of my account balance in the above-named

plan (the “Plan”) relating to the above referenced deferral.  I understand that distributions will be made

in kind only – units of Alliance Capital Management Holding L.P. (“Units”) – as

further described in the Plan document.

 

Election of the Participant for

this Deferral:

 

ý            Lump sum

of Units on or about Jan. (must be Jan., April, July, or Oct.) of the year 2007

(no sooner than the third anniversary of the deferral date – January, 2005).

 

o            Equal

annual installments of Units over years       

(not to exceed 10 years) with the first distribution to be made on or

about          (must be Jan.,

April, July, or Oct.) of the year        

(no sooner than the third anniversary of the deferral date – January,

2005).

 

Election of the Participant for

this Deferral if Termination of Employment:

 

ý            In

addition to the above election, I hereby elect to receive a lump sum

distribution relating to this deferral upon termination of employment, if that

termination date occurs before the above lump sum date/termination commencement

date.

 

	

  /s/ David Brewer

  	

   

  	

  November 14, 2001

  	

   

  
	

  Signature of Participant

  	

  Date

  	

   

  
	

   

  	

   

  	

   

  
	

  David Brewer

  	

   

  	

   

  	

   

  
	

  Print Name

  	

   

  	

   

  

 

This

form must be faxed to Pete Swetz at (212) 969-6854 before 5:00 p.m. on

Wednesday, November 14, 2001.  You will

receive a confirmation via e-mail within 24 hours of receipt of your fax.  Please do not call Pete’s office unless you

do not receive this confirmation within 24 hours.  Forms received after 5:00 p.m. on Wednesday, November 14, 2001

will not be accepted.

 

8DEFERRAL AGREEMENT

DEFERRAL AGREEMENT

UNDER

THE ALLIANCE CAPITAL MANAGEMENT L.P.

ANNUAL ELECTIVE DEFERRAL PLAN

FOR

YEAR 2001 BONUS OR YEAR END COMISSION PAYMENTS

 

This agreement (the “Plan Agreement”) is entered

into between Alfred Harrison (“you”) and Alliance Capital Management L.P.

(the “Company”)

with respect to your elective deferral of a portion of your Bonus or Year End

Commission Payments for the year 2001 under the Alliance Capital Management

L.P. Annual Elective Deferral Plan (the “Plan”). 

You have elected to defer a portion of your year 2001 Bonus or Year End

Commission Payments as set forth in the Deferral Election signed by you and

submitted with this Plan Agreement (your “Elective Deferral”) and in connection with

that deferral you agree to the terms set forth in this Plan Agreement.  The Plan provides a description of the terms

and conditions governing your Elective Deferral and all other aspects of your

participation in the Plan.  If there is

any inconsistency between the terms of this Plan Agreement and the terms of the

Plan, the Plan’s terms completely supercede and replace the conflicting terms

of this Plan Agreement.  All capitalized

terms have the meanings given them in the Plan, unless specifically stated

otherwise in this Plan Agreement.

 

1.             Crediting

of Your Elective Deferral. 

Your Elective Deferral will be credited to you under the Plan as of the

date such amount(s) would otherwise have been paid to you absent your Deferral

Election.

 

2.             Crediting

of Your Company Matching Contribution.  As of the date that you are credited with

the amount(s) constituting your Elective Deferral, you shall also be credited

with an additional amount equal to 20% of those amount(s) (the “Company

Matching Contribution”).

 

3.             Conversion

of Units.  Your

Elective Deferral and related Company Matching Contribution shall be converted

into Units as soon as practicable after such amounts are credited to you.  The price per Unit used for such conversion

shall be based on:

 

(i)            For Units purchased from one or more

holders of outstanding Units, the cost paid by the Company for such Units as

determined pursuant to the purchase and pricing methodologies generally used

under the Partners Plan, reduced, at the discretion of the Committee, by the

applicable commissions and purchase transaction fees; and

 

(ii)           For Units newly issued and acquired

directly from Holding, a price equal to the average regular session closing

price of the Units reflected on the NYSE composite tape for the December 31

following

 

1

 

the relevant Deferral Election Date (or, if such date

is not a trading day on the NYSE, then the last preceding trading day).

 

4.             Distributions

on Units.  Any

quarterly or special distribution paid with respect to Units credited to you

shall also be credited to you and shall be converted into additional Units at

such intervals as may be established by the Committee, but in any event no less

frequently than annually.  The price per

Unit used for such conversion shall be based on:

 

(i)             For Units purchased from one or

more holders of outstanding Units, the cost paid by the Company for such Units

as determined pursuant to the purchase and pricing methodologies generally used

under the Partners Plan, reduced, at the discretion of the Committee, by the

applicable commissions and purchase transaction fees; and

 

(ii)            For Units newly issued and acquired

directly from Holding, a price equal to the average regular session closing

price of the Units reflected on the NYSE composite tape for the date such distributions

are paid.

 

5.             Your

Account.  As of the

date you are credited with cash amounts in respect of your Elective Deferral,

Company matching Contribution or any distribution on Units credited to you in

respect of your Elective Deferral or Company Matching Contribution, those

amounts shall be posted to a bookkeeping account established under the Plan in

your name (your “Plan Account”).  As of

the date that any such amounts are converted into Units, your Plan Account

shall be amended to reflect such conversation to Units.

 

6.                                      Vesting

 

(a)           Elective

Deferrals.  Your Elective

Deferral and all distributions credited with respect to Units into which your

Elective Deferral has been converted, shall be 100% vested and non-forfeitable

from and after the date such Elective Deferral and distributions are credited

to you.

 

(b)           Company

Match.  You shall become

vested in your Company Matching Contribution and all distributions credited

with respect to Units into which your Company Matching Contribution has been

converted, in installments of one-third of the amount of your Company Matching

Contribution and such distributions as of December 31 of each of 2002, 2003 and

2004, provided that you remain in the employ of the Company or an affiliate as

of each such December 31, except that the entire amount of your Company

Matching Contribution and the related distributions credited to you will fully

vest if, prior to your Termination of Employment, you die, incur a Disability

or attain age 62.  In the event of your

Termination of Employment prior to age 62 other than due to death or

Disability, to the extent that any portion of your Company Matching

Contribution and related distributions is not vested as of

 

2

 

the date of your Termination of Employment, such unvested portion shall

be forfeited by you.

 

7.                                      Distribution.

 

(a)           Distribution

Election.  You are required

to complete the distribution section of your Deferral Election to designate the

time and method of distribution for the amounts covered by your Deferral

Election and the Company Matching Contribution and distributions relating to

such amounts.  The distribution

instructions set forth in your Deferral Election shall be irrevocable as to the

amounts covered by such election; provided, however, that, if you so request,

the Committee may, in its sole discretion, allow you to amend your distribution

instructions to extend the deferral of the amounts covered by your Deferral

Election and the Company Matching Contribution and related distributions, if

such amendment is made at least one year prior to the scheduled distribution

commencement date for such amounts and the amendment defers commencement of

such distribution for at least three years beyond the scheduled distribution commencement

date.

 

(b)           Uncertainty

as to Distribution Date.  If,

with respect to amounts covered by your Deferral Election, you have failed to

elect a distribution commencement date or there exists any ambiguity as to the

distribution commencement date you have elected, such amounts (including the

relevant vested Company matching Contribution) may be distributed to you after

the earlier of the date of your Termination of Employment or the third

anniversary of your Deferral Election Date, unless determined otherwise by the

Committee, in its sole discretion.

 

(c)           Uncertainty

as to Method of Payment.  If,

with respect to amounts covered by your Deferral Election, you have failed to

elect a method of payment or there exists any ambiguity as to the method of

payment you elected, the method of payment for such amounts (including the

relevant vested Company Matching Contribution) shall be lump sum, unless

determined otherwise by the Committee, in its sole discretion.

 

(d)           Form of

Distribution.  All

distributions shall be paid in-kind in the form of Units.

 

8.             Financial

Emergencies.  If you

experience an Unforeseeable Financial Emergency, you may petition the Committee

to (i) suspend any deferrals required but not yet made under your Deferral

Election and/or (ii) receive a partial or full payout of your Account

Balance.  The Committee shall have

complete discretion to accept or reject your petition and to determine the

amounts, if any, which may be paid out to you; provided, however, that the

payout shall not exceed the lesser of your Account Balance, or the amount

reasonably needed to satisfy the Unforeseeable Financial Emergency.

 

3

 

9.             Withdrawal

Election.  You (or,

after your death, your Beneficiary) may elect, at any time, to withdraw all of

your Account Balance, less a withdrawal penalty equal to 10% of such

amount.  This election can be made at

any time before or after your Retirement, Disability, death or Termination of

Employment, and whether or not you (or your Beneficiary) is in the process of

being paid pursuant to an installment payment schedule.  No partial withdrawals of your Account

Balance shall be allowed.  You (or your

Beneficiary) shall make this election by giving the Committee advance written

notice of the election in a form determined from time to time by the

Committee.  Once you have withdrawn your

Account Balance your participation in the Plan shall terminate and you shall

not be eligible to participate in the Plan in the future.

 

10.          Beneficiary

Designation.  You are

encouraged to designate a Beneficiary to receive your Account Balance under the

Plan in the event of your death.  You

may do so by completing and signing a Beneficiary Designation Form provided by

the Committee and returning it to the Committee.  You shall have the right change a Beneficiary by completing,

signing and otherwise complying with the terms of the Beneficiary Designation

Form and the Committee’s rules and procedures, as in effect from time to

time.  Upon the acceptance by the Committee

of a new Beneficiary Designation Form, all Beneficiary designations previously

filed shall be canceled.  The Committee

shall be entitled to rely on the last Beneficiary Designation Form filed by you

and accepted by the Committee prior to your death.  No designation or change in designation of a Beneficiary shall be

effective until received, accepted and acknowledged in writing by the Committee

or its designated agent.  In the event

of your death, the amounts relating to your Elective Deferral and the related

Company Matching Contribution as well as all other amounts comprising your

Account Balance will be distributed in accordance with your last Beneficiary

Designation Form submitted to and acknowledged by the Committee.  If you fail to designate a Beneficiary by

way of a properly completed Beneficiary Designation Form acknowledged by the

Committee or if your designated Beneficiaries predecease you or die prior to

complete distribution of your Account Balance, then your designated Beneficiary

shall be deemed to be your estate.  If

the Committee has any doubt as to the proper Beneficiary to receive payments

pursuant to this Plan, the Committee shall have the right, exercisable in its

discretion, to withhold such payments until this matter is resolved to the

Committee’s satisfaction.

 

11.          Tax

Withholding.  As and

when any Federal, state or local tax or any other charge is required by law to

be withheld with respect to the vesting of amounts credited to you, the payment

of distributions on any Units credited to you and the distribution of Units or

other amounts from your Plan Account (a “Withholding Amount”), you agree promptly to

pay the Withholding Amount to the Company in cash.  You agree that if you do not pay the Withholding Amount to the

Company, the Company may withhold any unpaid portion of the Withholding Amount

from any amount otherwise due to you. 

Notwithstanding the foregoing, the Company may, in its sole discretion,

establish and amend policies from time to time for the satisfaction

 

4

 

of Withholding Amounts by the deduction of a portion of the Units

credited to you under the Plan.

 

12.          Administration.  It is expressly understood that the

Committee is authorized to administer, construe, and make all determinations

necessary or appropriate to the administration of the Plan and this Plan

Agreement, all of which shall be binding upon you.  The Committee is under no obligation to treat you or your

interest under the Plan with the treatment provided for other participants in

the Plan.

 

13.                               Miscellaneous.

 

(a)           This

Plan Agreement does not confer upon you any right to continuation of employment

by the Company, nor does this Plan Agreement interfere in any way with the

Company’s right to terminate your employment at any time.

 

(b)           Nothing

in this Plan Agreement is intended or should be construed as a guarantee or

assurance that you will receive any amounts in respect of a Bonus or Year End

Commission Payments or any award under the Partners Plan, and all such

entitlements remain in the sole discretion of the Company.

 

(c)           This

Plan Agreement will be governed by, and construed in accordance with, the laws

of the State of New York (without regard to conflict law provisions).

 

(d)           This Plan Agreement and the Plan

constitute the entire understanding between you and the Company regarding your

year 2001 Elective Deferral and the related Company matching Contribution.  Any prior agreements, commitments or

negotiations concerning the same are superceded.  This Plan Agreement may be amended only by another written

agreement, signed by parties.

 

5

 

BY

SIGNING BELOW, YOU AGREE TO ALL OF THE TERMS AND CONDITIONS DESCRIBED ABOVE AND

IN THE PLAN.

 

IN WITNESS WHEREOF, the parties hereto have caused

this Plan Agreement to be executed effective as of October 29, 2001.

 

 

 

	

   

  	

  Alliance Capital Management L.P.

  
	

   

  	

  By:

  	

  Alliance Capital Management

  
	

   

  	

   

  	

  Corporation, General Partner

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  Participant Signature:

  
	

   

  	

   

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  /s/ Alfred Harrison

  	

   

  
	

   

  	

   

  	

  Alfred Harrison

  
					

 

6

 

ALLIANCE ELECTIVE DEFERRAL PLAN

 

DEFERRAL ELECTION FORM

 

 

	

   

  	

  Alfred

  Harrison

  	

   

  
	

   

  	

  Name of Participant

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  December 31, 2001

  	

   

  
	

   

  	

  Deferral

  Date

  	

   

  

 

 

I hereby make the

following irrevocable election regarding the deferral of my 2001 bonus/4Q2001

commission and the conversion of that amount into units of Alliance Capital

Management Holding L.P. (“Units”) under the provisions of the above-named plan

(the “Plan”).  I acknowledge that I have

received and reviewed the following documents: 

a Plan term sheet, a prospectus for the Plan (which contains the Plan

Document), an Alliance 2000 Annual Report, an Alliance 2000 Form 10-K and a

Plan Agreement that requires my signature.

 

Election of the Participant for this Deferral:

 

I hereby elect to defer a portion of my 2001

bonus/4Q2001 commission equal to 50% (increments of 10%- cannot exceed

50%) of my 2001 Alliance Partners Compensation Plan Award, if any, not to

exceed

$               

and to have that amount converted into Units in accordance with the provisions

of the Plan.

 

	

  /s/ Alfred Harrison

  	

   

  	

  October 27, 2001

  
	

  Signature of Participant

  	

   

  	

  Date

  
	

   

  	

   

  	

   

  
	

  Alfred Harrison

  	

   

  	

   

  
	

  Print Name

  	

   

  	

   

  

 

This

form must be faxed to Pete Swetz at (212) 969-6854 before 5:00 p.m. on

Wednesday, November 14, 2001.  You will

receive a confirmation via e-mail within 24 hours of receipt of your fax.  Please do not call Pete’s office unless you

do not receive this confirmation within 24 hours.  Forms received after 5:00 p.m. on Wednesday, November 14, 2001

will not be accepted.

 

7

 

ALLIANCE ANNUAL ELECTIVE DEFERRAL PLAN

 

DISTRIBUTION DATE ELECTION FORM

 

	

   

  	

  Alfred Harrison

  	

   

  
	

   

  	

  Name of Participant

  	

   

  
	

   

  	

   

  	

   

  
	

   

  	

  December  31, 2001

  	

   

  
	

   

  	

  Deferral Date

  	

   

  

 

I hereby make the following

election regarding the distribution of my account balance in the above-named

plan (the “Plan”) relating to the above referenced deferral.  I understand that distributions will be made

in kind only – units of Alliance Capital Management Holding L.P. (“Units”) – as

further described in the Plan document.

 

 

Election of the Participant for

this Deferral:

 

ý            Lump sum

of Units on or about  Jan. (must be

Jan., April, July, or Oct.) of the year 2005 (no sooner than the third anniversary

of the deferral date – January, 2005).

 

o            Equal

annual installments of Units

over            

years (not to exceed 10 years) with the first distribution to be made on or

about             

(must be Jan., April, July, or Oct.) of the

year             (no

sooner than the third anniversary of the deferral date – January, 2005).

 

Election of the Participant for

this Deferral if Termination of Employment:

 

ý            In

addition to the above election, I hereby elect to receive a lump sum

distribution relating to this deferral upon termination of employment, if that

termination date occurs before the above lump sum date/termination commencement

date.

 

	

  /s/ Alfred Harrison

  	

   

  	

  October 27, 2001

  
	

  Signature of Participant

  	

   

  	

  Date

  
	

   

  	

   

  	

   

  
	

  Alfred Harrison

  	

   

  	

   

  
	

  Print Name

  	

   

  	

   

  

 

This

form must be faxed to Pete Swetz at (212) 969-6854 before 5:00 p.m. on

Wednesday, November 14, 2001.  You will

receive a confirmation via e-mail within 24 hours of receipt of your fax.  Please do not call Pete’s office unless you

do not receive this confirmation within 24 hours.  Forms received after 5:00 p.m. on Wednesday, November 14, 2001

will not be accepted.

 

8

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