Document:

2006 Performance Share Program Award Agreement

 Exhibit 10.4 
 Keystone Automotive Industries, Inc. 2006 Performance Share Program Award Agreement 
 Richard L. Keister 
 Congratulations on your selection as a Participant in the Performance Share Program (“Program”) which is governed by the Keystone Automotive Industries, Inc.
2005 Omnibus Incentive Plan (the “Plan”). This Award Agreement and the Plan together govern your rights under the Program with respect to your award of performance-based restricted Shares (the “Performance Shares”) and set forth
all of the conditions and limitations affecting such rights. Terms used in this Award Agreement that are defined in the Plan shall have the meanings ascribed to them in the Plan. If there is any inconsistency between the terms of this Award
Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement. For purposes of this Agreement, “Keystone” means the Company, its Affiliates, and/or its Subsidiaries.

 Overview of Your Performance Shares 
  

	1.	Number of Performance Shares Granted: 27,500 

  

	2.	Date of Grant: June 14, 2006 

  

	3.	Performance Cycle. The Performance Cycle commences on April 1, 2006, and ends on March 31, 2011. 

  

	4.	Performance Measure(s):  

  

	 	(a)	Return on Invested Capital. Return on Invested Capital, or “ROIC,” means After-tax Earnings divided by Average Capital Employed, where: 

 “After-tax Earnings” shall be the net income after-tax as reported on the Company’s audited consolidated financial statements for the
applicable fiscal year (the “Financial Statements”), adjusted to exclude the after-tax amount, if any, which has been included in the determination of such net income after-tax which relates to (i) the cumulative effect of a
change in accounting principle(s) during the relevant periods, (ii) the cumulative effect of a change in the U.S. federal corporate tax rate during the relevant periods, (iii) extraordinary items and (iv) realized capital gains or
losses in excess of $250,000. 
 “Average Capital Employed” shall be the average of the beginning and the ending amount of
“Capital Employed” during the applicable fiscal year, where “Capital Employed” shall mean the sum of Company total shareholders’ equity plus all long-term debt (including capitalized leases) and short-term debt (including
bank debt and the current portions of long-term debt), less the amount of cash and cash equivalents, all as reported on the Financial Statements. 
  

	 	(b)	Earnings Per Share. Earnings Per Share, or “EPS”, means the fully diluted earnings per share determined in accordance with GAAP as reported on the Financial
Statements, adjusted to exclude the fully diluted earnings per share amount, if any, which has been included in the determination of such earnings per share which relates to (i) the cumulative effect of a 

	 	 
change in accounting principle(s) during the relevant periods, (ii) the cumulative effect of a change in tax law(s) during the relevant periods,
(iii) extraordinary items and (iv) realized capital gains or losses. 

  

	 	(c)	Adjustments. In addition, if the outstanding Shares are changed into or exchanged for a different number or kind of capital stock or other securities of the Company by reason
of merger, consolidation, recapitalization, reclassification, stock split-up, stock dividend or combination of shares, the Committee shall make an appropriate and equitable adjustment in the determination of the Performance Measures hereunder.

  

	5.	Amount of Award Earned: Subject to Sections 8 and 9, in calculating the number of Performance Shares earned during the Performance Cycle, the Committee must calculate the
average EPS growth rate and average ROIC return rate during the Performance Cycle by taking the sum of the respective year-to-year growth and return rates over the Performance Cycle (beginning with fiscal year 2007 and using fiscal year 2006 as a
base year) divided by 5, and interpolating the resulting metrics in accordance with the following table using the definitions set forth in Section 4 above and reviewed as of the end of the Performance Cycle. The Performance Measure vesting
schedule is as follows: 

  

																			
	  	  	 	 	 	% of Performance Target Shares Earned	 
	 5-Yr EPS Growth
	  	30.0	%	 	100	 	 	125	 	 	150	 	 	175	 	 	200	 
	 	  	26.0	%	 	75	 	 	100	 	 	125	 	 	150	 	 	175	 
	 	  	22.0	%	 	50	 	 	75	 	 	100	 	 	125	 	 	150	 
	 	  	18.0	%	 	25	 	 	50	 	 	75	 	 	100	 	 	125	 
	 	  	14.0	%	 	0	 	 	25	 	 	50	 	 	75	 	 	100	 
	 	  			 	13.7	%	 	14.4	%	 	15.1	%	 	15.8	%	 	16.4	%
	 	  			 	5-Yr Return on Invested Capital	 

 If financial results fall between the figures shown here, the corresponding earned award would be
interpolated from the earned percentage levels shown here. Performance below threshold in either Performance Measure will result in zero vested Performance Shares. An example of the calculations described in this Section 5 is set forth on
Annex A to this Agreement. 
  

	6.	Annual Review of Performance Measures. You and the Company each acknowledge and agree that the Performance Shares and the nonqualified stock option granted to you on
June 14, 2006 (the “Stock Options”) were designed to provide you with competitive long term incentives that will both motivate and retain you and align your interests with those of the Company’s shareholders during the
Performance Cycle, and are currently expected to be the only equity awards that will be granted to you by the Company prior to the end of the Performance Cycle. However, you and the Company further acknowledge and agree that during the Performance
Cycle it is possible that (i) the metrics used in determining the Performance Measures (as set forth in Section 5) may become inappropriate, non-competitive or otherwise unsuitable with respect to their purpose as a long-term performance
incentive to you or (ii) one or more significant events outside of the Company’s control may occur which have a significant and adverse effect on the expected value of the Performance Shares and the Stock Options. In this respect, the
Committee agrees to meet with you at least once a year during each year of the Performance Cycle to discuss and evaluate the suitability of the Performance Measures and to make such adjustments (if any) to the Performance Measures as you and the
Committee determine in good faith to be reasonable and necessary for the Performance Shares to fulfill their intended purpose. In addition, the Committee may, in its sole discretion, grant you one or more additional awards as it deems appropriate at
such time. 

	7.	Settlement of Award: Keystone shall deliver to you one Share for each Performance Share earned by you, as determined in accordance with the provisions of Section 5,
subject to adjustment in accordance with Section 12, or, in the alternative at the sole discretion of Keystone, Keystone shall deliver to you the cash value of each Share otherwise deliverable to you. Any fractional Shares for Performance
Shares payable to you in accordance with this Section shall be rounded up to the nearest whole Share. 

  

	8.	Eligibility for Earned Performance Shares: You will be eligible for payment of earned Performance Shares only if: 

  

	 	(a)	Your employment with Keystone continues through the end of the Performance Cycle; 

  

	 	(b)	Your employment with Keystone is terminated due to death during the Performance Cycle; 

  

	 	(c)	Your employment with Keystone is terminated due to your Disability during the Performance Cycle (for the purposes of this Agreement, Disability shall have the same meaning as a
“disability event” in the Separation Agreement between you and the Company dated February 26, 2007 (the “Separation Agreement”)). 

  

	 	(d)	Your employment with Keystone is terminated due to Early Retirement during the Performance Cycle (for the purposes of this Agreement, Early Retirement means a termination of
employment by you after you have reached age sixty-two (62) but before you reach age sixty-five (65)); 

  

	 	(e)	Your employment with Keystone is terminated by the Company without Cause or by you for Good Reason (for the purposes of this Agreement, those terms shall have the same meaning as
defined in the Separation Agreement); or 

  

	 	(f)	If there is a Change of Control of the Company during the Performance Cycle. 

 If your termination date due to death, Disability or Early Retirement occurs during the Performance
Cycle, you shall be eligible only for a fraction of the number of Performance Shares earned under Section 5. The fraction will be determined using a numerator which equals the number of complete calendar months that have elapsed since the
beginning of the Performance Cycle through the beginning of the month of termination (unless your date of termination occurs on or after the 15th of such month, in which case the number of months will be calculated through the end of such month), and a denominator which is equal to the number of months in the Performance Cycle. 
 In the event such pro-ration results in a fractional number of Shares, such number will be rounded up to the nearest whole number. Except as otherwise
provided in this Agreement, all Performance Shares that are not earned as a result of your death, Disability or Early Retirement shall be forfeited to the Company. In the event of your death, your beneficiary or estate shall be entitled to the
Performance Shares to which you otherwise would have been entitled under the same conditions as would have been applicable to you. 
  

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 If your termination is due to termination by the Company without Cause or by you for Good Reason and it
occurs during the Performance Cycle, you shall earn and be entitled to receive the number of Performance Shares set forth in Section 1 (as adjusted pursuant to Section 12). If there is a Change of Control of the Company during the
Performance Cycle followed within two years by a termination by the Company without Cause or by you for Good Reason, you shall earn and be entitled to receive the maximum number of Performance Shares that may be earned under this Award Agreement.

 All Performance Shares earned under this Section 8 shall be paid in accordance with Section 9. 
  

	9.	Time of Payment: Payment in cash or Shares earned pursuant to this Performance Share Program Award Agreement, will be made: 

  

	 	 (a)
	 For terminations due to death or Disability during the Performance Cycle, or if your employment continues through the
Performance Cycle, after the end of the Company’s fiscal year ending in 2011, but not later than 2  1/2
months thereafter. 

  

	 	(b)	For a Change in Control during the Performance Cycle followed within two years by a termination by the Company without Cause or by you for Good Reason, at the date of termination.

  

	 	 (c)
	 For your termination by the Company without Cause or by you for Good Reason, or for your Early Retirement, which occurs
during the Performance Cycle, after the end of the Company’s fiscal year ending in 2011, but not later than 2  1/2 months thereafter; provided, however, that to the extent necessary to comply with Code Section 409A, such payment will be delayed until the date six (6) months following your date of “Separation from Service” (as
such term is defined under Code Section 409A). 

  

	10.	Termination of Employment for Other Reasons: In the event that your employment with Keystone is terminated during the Performance Cycle by the Company for Cause or by you for
any reason other than those reasons set forth in Section 8, this entire Award shall forfeit and no payment shall be made to you. 

  

	11.	Nontransferability: During the Performance Cycle, Performance Shares awarded pursuant to this Award Agreement may not be sold, transferred, pledged, assigned, or otherwise
alienated or hypothecated (“Transfer”), other than by will or by the laws of descent and distribution, except as provided in the Plan. If any Transfer, whether voluntary or involuntary, of Performance Shares is made, or if any attachment,
execution, garnishment, or lien shall be issued against or placed upon the Performance Shares, your right to such Performance Shares shall be immediately forfeited to Keystone, and this Award Agreement shall lapse. 

  

	12.	Adjustments: In the event that the outstanding Shares of common stock are changed into or exchanged for a different number or kind of capital stock or other securities of the
Company by reason of merger, consolidation, recapitalization, reclassification, stock split-up, stock dividend or combination of shares, the Committee, subject to the provisions of the Plan and this Agreement, shall make an appropriate and equitable
adjustment in accordance with the provisions of the Plan in the number and kind of Performance Shares, to the end that after such event your proportionate interest shall be maintained as before the occurrence of such event. Any such adjustment made
by the Committee or the Board shall be final and binding upon you, the Company and all other interested persons. 

  

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	13.	Requirements of Law: The granting of Performance Shares under the Plan shall be subject to all applicable laws, rules, and regulations, and to such approvals by any
governmental agencies or national securities exchanges as may be required. 

  

	14.	Inability to Obtain Authorization: The inability of Keystone to obtain authority from any regulatory body having jurisdiction, which authority is deemed by Keystone’s
counsel to be necessary to the lawful issuance and sale of any Shares hereunder, shall relieve Keystone of any liability with respect to the failure to issue or sell such Shares as to which such requisite authority shall not have been obtained.

  

	15.	Tax Withholding: Keystone shall have the power and the right to deduct or withhold, or require you or your beneficiary to remit to Keystone, an amount sufficient to satisfy
federal, state, and local taxes, domestic or foreign, required by law or regulation to be withheld with respect to any taxable event arising as a result of this Award Agreement. 

  

	16.	Share Withholding: With respect to withholding required upon any other taxable event arising as a result of Awards granted hereunder, you may elect to satisfy the withholding
requirement, in whole or in part, by having Keystone withhold Shares having a Fair Market Value on the date the tax is to be determined equal to the minimum statutory total tax which could be withheld on the transaction. All such elections shall be
made in writing, signed and shall be subject to any restrictions or limitations that the Committee, in its sole discretion, deems appropriate. 

  

	17.	Administration: This Award Agreement and your rights hereunder are subject to all the terms and conditions of the Plan, as the same may be amended from time to time, as well
as to such rules and regulations as the Committee may adopt for administration of the Plan. 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 Award Agreement, all of which shall be binding upon you, the Participant. 

  

	18.	No Right to Future Grants: No Right of Employment or Continued Employment; Extraordinary Item: In accepting the grant, you acknowledge that: (a) the Plan is established
voluntarily by Keystone, it is discretionary in nature and it may be modified, suspended or terminated by Keystone at any time, as provided in the Plan and this Award Agreement; (b) the grant is voluntary and occasional and does not create any
contractual or other right to receive future grants; (c) all decisions with respect to future grants, if any, will be at the sole discretion of Keystone; (d) your participation in the Plan is voluntary; (e) the grant is an
extraordinary item that does not constitute compensation of any kind for services of any kind rendered to Keystone and which is outside the scope of your employment contract, if any; (f) the grant is not part of normal or expected compensation
or salary for any purposes, including, but not limited to, calculating any severance, resignation, termination, redundancy, end of service payments, bonuses, long-service awards, pension or retirement benefits or similar payments; (g) in the
event that you are an Employee of an Affiliate or Subsidiary of the Company, the grant will not be interpreted to form an employment contract or relationship with the Company; and furthermore, the grant will not be interpreted to form an employment
contract with the Affiliate or Subsidiary that is your employer; (h) this grant shall not confer upon you any right to continuation of employment by Keystone, nor shall this grant interfere in any way with your or Keystone’s right to
terminate your employment at any time; (i) the future value of the underlying Shares is unknown and cannot be predicted with certainty; (j) notwithstanding any terms or conditions of the Plan to the contrary, in the event of the
termination of your employment by the Company for Cause, your right to receive Shares under this Agreement, if any, will terminate effective as of the date that you are no longer actively employed and will not be extended by any notice period
mandated under any federal, state, provincial, or local law (including but not limited to the Worker Adjustment and Retraining Notification Act). 

  

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	19.	Amendment to the Plan: The Committee may terminate, amend, or modify the Plan; provided, however, that no such termination, amendment, or modification of the Plan may in any
way adversely affect your rights under this Award Agreement, without your written approval. 

  

	20.	Successor: All obligations of Keystone under the Plan and this Award Agreement, with respect to the Performance Shares, shall be binding on any successor to Keystone, whether
the existence of such successor is the result of a direct or indirect purchase, merger, consolidation, or otherwise, of all or substantially all of the business and/or assets of Keystone. 

  

	21.	Applicable Laws and Consent to Jurisdiction: The validity, construction, interpretation, and enforceability of this Award Agreement shall be determined and governed by the
laws of the State of Tennessee without giving effect to the principles of conflicts of law. For the purpose of litigating any dispute that arises under this Award Agreement, the parties hereby consent to exclusive jurisdiction and agree that such
litigation shall be conducted in the federal or state courts of the State of Tennessee. 

  

	22.	Severability: The provisions of this Award Agreement are severable and if any one or more provisions are determined to be illegal or otherwise unenforceable, in whole or in
part, the remaining provisions shall nevertheless be binding and enforceable. 

  

			
	Keystone Automotive Industries, Inc.
		
	By:	 	 /s/ Ronald G. Foster

	Name:	 	Ronald G. Foster
	Its:	 	Chairman of the Board
	
	 /s/ Richard L. Keister

	Richard L. Keister

  

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 Performance Share Program Award Acknowledgement 
 Please acknowledge your agreement to participate in the Plan, receive Performance Shares under the 2006 Performance Share Program Award Agreement, and to abide by all of the governing terms and provisions, by signing
the following acknowledgement and agreement and returning it to Robert Hedrick of Keystone. 
 Agreement to Participate 
 By signing this Acknowledgement and returning it to the Robert Hedrick of Keystone, I acknowledge that I have read the Plan and the 2006 Performance Share Program Award
Agreement effective as of June 14, 2006, and that I fully understand all of my rights under the Plan and the 2006 Performance Share Program Award Agreement, as well as all of the terms and conditions which may limit my eligibility to
retain or receive the Performance Shares or Shares issued to me pursuant to the Plan and the 2006 Performance Share Program Award Agreement. 
  

			
	 	  	 /s/ Richard L. Keister

	February 26, 2007	  	Richard L. Keister’s Signature
		
		  	  
 Richard L. Keister’s Printed
Name

  

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 Annex A 
  

													
	  	  	 	  	% of Performance Target Shares Earned
	5-Yr EPS Growth	  	30.0%	  	100	  	125	  	150	  	175	  	200
	  	  	26.0%	  	75	  	100	  	125	  	150	  	175
	  	  	22.0%	  	50	  	75	  	100	  	125	  	150
	  	  	18.0%	  	25	  	50	  	75	  	100	  	125
	  	  	14.0%	  	0	  	25	  	50	  	75	  	100
	  	  	 	  	13.7%	  	14.4%	  	15.1%	  	15.8%	  	16.4%
	 	  		  	5-Yr Return on Invested Capital

 Award Determination Example 
 Assume the following performance levels: 
  

							
	 FY
	  	EPS	  	EPS Growth	 	 Return on Invested
 Capital (ROIC)

	 2006
	  	$1.44	  		 	
	 2007
	  	$1.87	  	29.9%	 	14.0%
	 2008
	  	$2.10	  	12.3%	 	15.4%
	 2009
	  	$2.62	  	24.8%	 	16.2%
	 2010
	  	$3.12	  	19.1%	 	16.4%
	 2011
	  	$3.87	  	24.0%	 	17.0%
		  	 	  	 	 	 
	 Five-Year Average
	  		  	22.0%	 	15.8%
		  		  	 	 	 

 The percentage increase in EPS (Earnings per share) is “EPS growth.” Sample EPS levels
are shown to demonstrate the calculation of EPS Growth. 
 Using the award table, the level of performance shown above (at the intersection
of 22.0% EPS growth on the left hand axis and 15.8% ROIC on the bottom axis) results in a final award of 125% of the performance shares granted, or 34,375 (27,500 x 125%). 
 Alternatively, assume the following performance levels: 
  

							
	 FY
	  	EPS	  	EPS Growth	 	Return on Invested
Capital (ROIC)
	 2006
	  	$1.44	  		 	
	 2007
	  	$1.74	  	20.8%	 	14.3%
	 2008
	  	$2.00	  	14.9%	 	15.7%
	 2009
	  	$2.65	  	32.5%	 	16.5%
	 2010
	  	$3.33	  	25.7%	 	16.7%
	 2011
	  	$4.20	  	26.1%	 	17.3%
		  	 	  	 	 	 
	 Five-Year Average
	  		  	24.0%	 	16.1%
		  		  	 	 	 

 Given the five-year average EPS growth of 24.0%, and the five-year average ROIC of 16.1%, then the
shares awarded would be interpolated from the award table as follows: 
 For the ROIC component, the award will equal an amount mid-way between the 15.8% and
16.4% levels shown on the table, and 
 For the EPS component, the award will equal an amount mid-way between the 22.0% and 26.0% levels shown. 

 

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 I. Therefore, the award would be sum of mid-way between the 75% and 100% amounts for ROIC, or 87.5%, and mid-way between
the 50% and 75% amounts for EPS, or 62.5%, which is %150 (87.5% + 62.5% = 150%). 
 An award of 150% of the 27,500 target would be 41,250 shares. 

 

 - 9 -Form of Supplemental Officers Retirement Plan

 Exhibit 10.8 
 BROADRIDGE FINANCIAL SOLUTIONS, INC. 
 SUPPLEMENTAL OFFICERS RETIREMENT PLAN 
 The purpose of this Supplemental Officers Retirement Plan (the "Plan") is to provide an additional means by which BROADRIDGE FINANCIAL SOLUTIONS, INC. may
attract, retain and encourage the productive efforts of a select group of corporate vice presidents or more senior corporate officers who provide valuable services to it and its subsidiaries. The Plan provides supplemental retirement benefits
to qualifying participants. 
 The Plan reads as follows: 
 ARTICLE I 
 DEFINITIONS  
 The following terms when used in this Plan shall have the designated meaning, unless a different meaning is clearly required by the context. 
 1.1 Annual Plan Benefit. The Annual Plan Benefit shall be the annual amount of a Participant’s Plan benefit calculated in accordance with the provisions of Section 3.1 below. 
 1.2 Annual Benefit Multiplier. The Annual Benefit Multiplier shall be 2% for each of the first twenty years of a Participant’s full calendar years of
Future Service and 1% for each calendar year thereafter. 
 1.3 Committee. Three board members or senior officers of the Company, appointed
from time to time by the Company’s board of directors. 
 1.4 Board. The board of directors of the Company. 
 1.5 Code. The Internal Revenue Code of 1986, as amended. 
 1.6
Company. Broadridge Financial Solutions, Inc. and its subsidiaries, and successors. 
 1.7 Early Retirement Date. The date on
which a Participant attains age sixty (60). 
  

 1.8 Effective Date. March 30, 2007. 
 1.9 Final Average Annual Pay. The average annual compensation of a Participant for the five full consecutive calendar years during his Future Service period during which he received the largest total
amount of compensation. If a Participant does not have five full consecutive calendar years of continuous employment with the Company, the Participant’s Future Service period may at the discretion of the Committee be deemed to include (solely
for purposes of determining Final Average Pay) the Participant’s service, if any, with an employer who employed the Participant immediately prior to the Effective Date. For this purpose, a Participant’s “compensation” shall mean
the total base salary and bonus compensation actually paid or accrued by the Company to or for such Participant and shall specifically exclude any industry bonus and any compensation derived from grants of restricted stock (whether time-based or
performance-based), stock options, stock appreciation rights or any similar equity awards, and relocation pay; provided that, notwithstanding anything to the contrary set forth herein, amounts deferred at such Participant’s election under a
cash or deferred arrangement under section 401(k) of the Code shall be included in such Participant’s compensation. 
 1.10 Future
Service. A Participant’s period of full calendar years of continuous employment with the Company after his Plan participation has begun. A Participant in the Plan on the Effective Date shall be credited with Future Service beginning on
January 1, 2007. Leaves of absence of less than six months may be taken into account as Future Service, to the extent provided by the Committee. The Committee may, in an applicable Supplement, grant a Participant prior service credit for
determining his Future Service period. Future Service shall include additional Future Service reflecting a Participant’s service with a prior employer as determined by the Committee in its sole discretion. Any such additional Future Service
granted by the Committee shall be set forth on Supplement A to the Plan. In addition, at the discretion of the Chief Executive Officer of the Company, for the calendar year in which a Participant incurs either an involuntary severance or severance
which entitles the Participant to severance pay under the Broadridge Financial Solutions, Inc. severance policy, the Participant shall be credited with one full calendar year of additional Future Service without regard to when such severance pay
terminates. Such service shall in no event be duplicative of service otherwise credited under the Plan and shall not be extended under this provision beyond the calendar year in which the severance pay commences. 
 1.11 Normal Retirement Date. The date on which the Participant attains age sixty-five (65). 
 1.12 Participant. An individual who has been designated as a Participant by the Committee pursuant to Article II. 
 1.13 Supplement. A supplement attached to and made a part of this Plan, which shall set forth for each Participant any special conditions applicable to him. 
  

 2 

 1.14 Termination of Employment. References hereunder to a Participant’s termination of employment, the
date a Participant’s employment terminates and the like, shall refer to the ceasing of the Participant’s employment with the Company for any reason. 
 1.15 Vested Percentage. Except to the extent set forth in Sections 3.4 and 5.5, until a Participant
completes 5 full calendar years of Future Service, such Participant’s Vested Percentage shall be 0% and he shall not be entitled to any Plan benefits hereunder. Upon completing 5, 6, 7, 8, 9, and 10-or-more full calendar years of Future
Service, a Participant’s Vested Percentage shall be 50%, 60%, 70%, 80%, 90%, and 100%, respectively. The Committee may, in the applicable Supplement, grant a Participant prior service credit for determining his Vesting Percentage
purposes.1 
 ARTICLE II 
 ELIGIBILITY 
 2.1 Eligibility. The Committee may at any time and from time to time (but prospectively only) designate any corporate vice president or any more senior corporate officer of the Company as a Participant in the Plan. The
Committee shall determine the participants in the plan. Such determination shall be set forth in writing in accordance with uniform procedures established by the Committee in its sole discretion. 
 2.2 Automatic Termination of Eligibility. A person shall automatically cease to be a Participant on the date on which such person is no longer a corporate
vice president or a more senior corporate officer of the Company. 
 ARTICLE III 
 RETIREMENT BENEFITS 
 3.1 In
General. 
 (a) A Participant’s Annual Plan Benefit is the product of (i) his Final Average Annual Pay, (ii) his Future Service
period, (iii) the Annual Benefit Multiplier and (iv) his Vested Percentage. 
 (b) A Participant’s benefits under this Plan shall be expressed
as an annual amount in the form of a straight life annuity or, at the Committee’s election, another actuarially equivalent series of substantially equal periodic payments, payable not less frequently than annually, for the life (or life
expectancy) of the Participant, starting as at the date the payments to such Participant under this Article III begin. The Committee may establish special provisions for the determination of benefits hereunder applicable to one or more Participants.
Such provisions shall be set forth in 
  

	 1
	 Note to Client: As drafted, any service with ADP credited as Future Service will also count for this
vesting provision. Please confirm. 

  

 3 

 
Supplement A attached hereto. Notwithstanding the foregoing, a Participant’s Annual Plan Benefits determined under this Section 3.1 shall be
reduced by the amounts, if any, set forth next to the Participant’s Employee Identification Number on Item 2 of Supplement A. 
 3.2
Normal Retirement Benefit. If payment of a Participant’s benefits have not commenced on his Early Retirement Date under Section 3.2 below, payment of Plan benefits to the Participant shall commence on the first day of the
month next following the later of the Participant’s Normal Retirement Date and the Participant’s termination of employment with the Company, and payment of benefits shall cease with the payment for the month in which the Participant’s
death occurs. The monthly Plan benefit shall be one-twelfth of such Participant’s Annual Plan Benefit determined in accordance with the provisions of Section 3.1 above. In the event payment of a Participant’s benefits hereunder
commence after a Participant’s Normal Retirement Date, such monthly benefit shall be in an amount equal to the monthly benefit the Participant would have received hereunder if the Participant had commenced receipt of payments under the Plan on
his Normal Retirement Date, actuarially increased to reflect the commencement of the payment of Plan benefits before his Normal Retirement Date. 
 3.3
Early Retirement Benefit. Payment of a Participant’s Plan benefits shall commence on the first day of the month next following the Participant’s termination of employment with the Company on or following his Early Retirement
Date and prior to his Normal Retirement Date, and benefits shall cease with the payment for the month in which his death occurs. Such monthly benefit shall be in an amount equal to the monthly benefit the Participant would have received under
Section 3.2 if the Participant had commenced receipt of payments under the Plan on his Normal Retirement Date, actuarially reduced to reflect the commencement of the payment of Plan benefits before his Normal Retirement Date. The Committee may,
in its discretion, reduce a Participant’s Plan benefits by less than a straight actuarially reduced amount if Participant begins to receive Plan benefits after his Early Retirement Date and before his Normal Retirement Date. 
 3.4 Delayed Benefit. In the case of a Participant with a Vested Percentage greater than 0% who terminates employment with the Company prior to his Early
Retirement Date, payment of his Plan benefits shall commence on his Early Retirement Date. Such monthly benefit shall be in an amount equal to the monthly benefit the Participant would have received under Section 3.2 if the Participant
had commenced receipt of payments under the Plan on his Normal Retirement Date, actuarially reduced to reflect the commencement of the payment of Plan benefits before his Normal Retirement Date. 
 3.5 Disability Retirement Benefit. If a Participant shall incur a Disability while employed by the Company, the Company shall pay such Participant a
monthly benefit starting on the first day of the calendar month immediately following the date his Disability begins, or, if later, the date of his termination of employment from the Company, and ending with the payment for the calendar month in
which his death occurs or his Disability ends, whichever occurs first. Such monthly benefit (which shall not be reduced by, and shall not reduce, the benefits, if any, payable to a Participant under the Company’s long-term disability insurance
program) shall be calculated in the same way as an early retirement benefit under Section 3.3, based on his Final Average 

  

 4 

 
Annual Pay when his Disability begins (which will, for purposes of this Section 3.4 only, be determined over less than five full consecutive calendar
years to the extent that his Future Service period is less than five years), except that (i) the Vested Percentage shall always be 100%, (ii) there shall not be any actuarial reduction to reflect the commencement of the payment of benefits
before his Normal Retirement Date, and (iii) there shall not be any Future Service period accrual during his Disability. For purposes of this Section 3.4, "Disability" shall have the same meaning, and shall be determined in the same
manner, as it is determined under the Company’s long-term disability insurance program as in effect on the date the Disability begins. 
 3.6 No
Duplication. In no event shall benefits become payable to any Participant under more than one Section of this Article III. 
 3.7
Specified Employees. In the event the Committee determines that, at the time of a Participant’s termination of employment with the Company, such Participant is a “specified employee”, as defined in
Section 409A(a)(2)(B)(i) of the Code, commencement of the Participant’s Plan benefits shall be delayed for six months following the Participant’s termination of employment with the Company. 
 ARTICLE IV 
 FORFEITURES

 4.1 Forfeiture for Competitive Employment. If, after a Participant’s employment terminates, the Participant violates the
non-competition provisions of any agreement he has entered into with the Company, or if his employment with the Company is terminated on account of his dishonesty or gross negligence, such Participant shall forever and irrevocably forfeit all
benefits otherwise due him under the terms of the Plan. 
 4.2 Limitation. If any provision of this Article IV shall be unenforceable as a
matter of law, it shall be construed to apply to the greatest extent permitted by law so as to give effect to its intended purposes. 
 ARTICLE V 
 CONDITIONS RELATED TO BENEFITS 
 5.1 Administration of Plan. The Committee shall administer the Plan and shall have the sole and exclusive authority to interpret, construe and apply its provisions. The Committee shall have the power to
establish, adopt and revise such rules and regulations as it may deem necessary or advisable for the administration of the Plan and the operation of the Committee’s activities in connection therewith. All decisions of the Committee shall be by
vote or written consent of the majority of its members and shall be final and binding. Members of the Committee shall be eligible to participate in the Plan while serving as a member of the Committee, but a member of the Committee shall not vote or
act upon any matter which relates solely to such member in his capacity as a Participant. 
  

 5 

 5.2 Grantor Trust. The Committee may, at its discretion, have the Company create a grantor trust (within
the meaning of section 671 of the Code) in connection with the adoption of this Plan to which it may from time to time contribute amounts to accumulate an appropriate reserve against its obligations hereunder. Notwithstanding the creation of
such trust, the benefits hereunder shall be a general obligation of the Company. 
 5.3 No Right to Company Assets. Neither a Participant nor
any other person shall acquire by reason of the Plan any right in or title to any assets, funds or property of the Company whatsoever including, without limiting the generality of the foregoing, any specific funds or assets which the Company may set
aside in anticipation of a liability hereunder, nor in any policy or policies of insurance on the life of a Participant owned by the Company. 
 5.4 No
Employment Rights. Nothing herein shall constitute a contract of continuing employment or in any manner obligate the Company to continue the service of a Participant, or obligate a Participant to continue in the service of the Company, and
nothing herein shall be construed as fixing or regulating the compensation paid to a Participant. 
 5.5 Company’s Right to Terminate and
Amend. The Company reserves the right in its sole discretion at any time to amend the Plan in any respect or terminate the Plan. Notwithstanding the foregoing, no such amendment or termination shall reduce the amount of the benefit
theretofore vested in any Participant or change the conditions required to be satisfied to receive payment of such past accrued benefit based on the provisions of the Plan as theretofore in effect. For this purpose, the amount of a
Participant’s accrued benefit as of the date of any plan amendment or termination shall be determined as if the Participant was then retiring in accordance with Section 3.3 with his actual Vested Percentage accrued as at such date;
provided that if the Company is terminating the Plan and if a Participant has not completed at least 5 years of Future Service, Participant’s Vested Percentage shall be: (i) 40% if he has completed 4 years of Future Service; (ii) 30%
if he has completed 3 years of Future Service; (iii) 20% if he has completed 2 years of Future Service; (iv) 10% if he has completed 1 year of Future Service; and (v) 0% if he has not completed 1 year of Future Service. 
 5.6 Protective Provisions. The Participant shall cooperate with the Company by furnishing any and all information requested by the Company in order to
facilitate the payment of benefits hereunder. 
 5.7 Right of Offset. If at the time any payment is to be made hereunder a Participant is
indebted to the Company or otherwise subject to a monetary claim by the Company, the payments remaining to be paid to the Participant under the Plan may, at the Company’s discretion, be reduced by setoff against the amount of such indebtedness
or claim. 
 5.8 No Third Party Rights. Nothing in this Plan or any trust established pursuant to Section 5.2 hereof shall be construed to
create any rights hereunder in favor of any person (other than the 

  

 6 

 
Company and any Participant) or to limit the Company’s right to amend or terminate the Plan in any manner subject to Section 5.5 hereof.

 ARTICLE VI 
 MISCELLANEOUS 
 6.1 Non-assignability. No rights or payments to any Participant shall be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, whether voluntary or involuntary, and no attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be valid, nor shall
any such benefit or payment be in any way liable for or subject to the debts, contracts, liabilities, engagements or torts of any Participant or subject to levy, garnishment, attachment, execution or other legal or equitable process. No part of the
amounts payable shall, prior to actual payment, be subject to seizure or sequestration for the payment of any debts, judgments, alimony or separate maintenance owed by a Participant, nor be transferable by operation of law in the event of a
Participant’s bankruptcy or insolvency. 
 6.2 Withholding. To the extent required by law the Company shall be entitled to withhold from
any payments due hereunder any federal, state and local taxes required to be withheld in connection with such payment. 
 6.3 Gender and
Number. Wherever appropriate herein, the masculine shall mean the feminine and the singular shall mean the plural or vice versa. 
 6.4
Notice. Any notice required or permitted to be made under the Plan shall be sufficient if in writing and hand delivered, or sent by registered or certified mail, to: (a) in the case of notice to the Company or the Committee, the
principal office of the Company, directed to the attention of the Secretary of the Committee; and (b) in the case of a Participant, such Participant’s home or business address maintained in the Company’s personnel records. Such notice
shall be deemed given as of the date of delivery or, if delivery is made by mail, as of the date shown on the postmark or on the receipt for registration or certification. 
 6.5 Validity. In the event any provision of this Plan is held invalid, void or unenforceable, the same shall not affect, in any respect whatsoever, the validity of any other provision of this Plan.

 6.6 Applicable Law. This Plan shall be governed and construed in accordance with the laws of the State of New York, without regard to such
state’s choice of law rules. 
 6.7 409A. The Committee shall have the power and discretion to modify the timing and/or form of the
payment of benefits hereunder to the extent the Committee deems necessary or advisable to avoid the imposition of an accelerated or additional tax under Section 409A of the Code. 
  

 7 

 ARTICLE VII 
 SPOUSAL BENEFITS 
 In the event of the death of a Participant who is at least 35 years of age at the time of
his death and whose Vested Percentage is greater than 0%, the Participant’s surviving spouse, (if any) is entitled to receive 50% of the benefit which the Participant would have been entitled to receive at the time of his death. Payments under
this Article VII shall commence on the first day of the calendar month next following the Participant’s death if the Participant has already attained age 60 by the time of his death, and shall otherwise commence on the first day of the calendar
month next following the month in which the sixtieth anniversary of the Participant’s birth occurs. Benefits paid under this Article VII shall be payable monthly as a straight life annuity benefit and shall be calculated in accordance with the
benefit to which the Participant would have been entitled at his Normal Retirement Date. In the case of payments hereunder which commence prior to the date on which the Participant would have attained age 65, the payments shall be actuarially
reduced to reflect the commencement of the payment before the Participant’s attainment of age 65. 
  

 8 

 Supplement A 
 Special Provisions Applicable to Certain Participants 
  

	1.	With respect to the Participants whose identifying information is set forth in this Item 1 to Supplement A, the Annual Plan Benefit determined under the first sentence of
Section 3.1 after the completion of any given calendar year before giving effect to any limitation under Item 2 of this Supplement A shall be no less than the Accrued Annual Minimum Benefit set forth in this Item 1 for such completed
calendar year. 

 Employee Identification Number: 103621 
  

			
	 Completed Full Calendar Year
	  	 Accrued Annual Minimum Benefit Payable at
 Age 65

	 2007
	  	$264,699
	 2008
	  	$309,348
	 2009
	  	$353,674
	 2010
	  	$400,184
	 2011 and
later
	  	$435,526

 Employee Identification Number: 103594 
  

			
	 Completed Full Calendar Year
	  	 Accrued Annual Minimum Benefit Payable at
 Age 65

	 2007
	  	$245,589
	 2008
	  	$288,578
	 2009
	  	$331,920
	 2010
	  	$384,897
	 2011 and
later
	  	$435,526

  

	2.	With respect to the Participants whose identifying information is set forth in this Item 2 to Supplement A, the Future Service credited under Section 1.10 shall include
the Additional Future Service set forth in the second column of this Item 2, below, and the Annual Plan Benefits determined under Section 3.1 shall be reduced by the amounts set forth in the third column of this Item 2, below:

  

					
	 Employee Identification Number
	  	Additional Future Service	  	 Amount by which Benefit Determined Under Sentence 1
 of Section 3.1 Shall Be
 Reduced.

	 103621
	  	13	  	$223,770
	 103594
	  	12	  	$206,108
	 103724
	  	6	  	$25,916
	 124724
	  	3	  	$0

  

 9

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