Document:

exv10w25

Exhibit 10.25

AMENDMENT NO. 1

TO THE NACCO INDUSTRIES, INC.

EXCESS RETIREMENT PLAN

(Effective January 1, 2008)

          NACCO Industries, Inc. hereby adopts this Amendment No. 1 to the NACCO Industries, Inc. Excess
Retirement Plan (Effective January 1, 2008) (the “Plan”), to be effective as of the close of
business on December 31, 2009. Words used herein with initial capital letters which are defined in
the Plan are used herein as so defined.

Section 1

          Section 3.4 of the Plan is hereby amended in its entirety to read as follows:

     “The Participant described in Section 2.10(c) of the Plan shall have credited to his
Transitional Sub-Account an amount (the “Transitional Benefits”) equal to (a) $60,433 on December
31, 2008 and (b) $62,850 on December 31, 2009 and each following December 31st; provided
that the Participant is employed by the Company on such date(s).”

EXECUTED this 13th day of November, 2009.

	 	 	 	 	 
	 	NACCO INDUSTRIES, INC.

 	 
	 	By:  	/s/ Charles A. Bittenbender
 	 
	 	 	Title: Vice President, General Counsel and Secretary 	 
	 	 	 	 

1exv10w26

Exhibit 10.26

AMENDMENT NO. 2

TO THE NACCO INDUSTRIES, INC.

UNFUNDED BENEFIT PLAN

(As Amended and Restated Effective as of December 1, 2007)

          NACCO Industries, Inc. hereby adopts this Amendment No. 2 to the NACCO Industries, Inc.
Unfunded Benefit Plan (As Amended and Restated Effective as of December 1, 2007) (the “Plan”), to
be effective January 1, 2010. Words used herein with initial capital letters which are defined in
the Plan are used herein as so defined.

Section 1

     Section 2.10 of the Plan is hereby deleted in its entirety, without renumbering the remaining
provisions of Article II.

Section 2

     Section 2.20 of the Plan is hereby amended in its entirety to read as follows:

     “Section 2.20 ROTCE shall mean the consolidated return on total capital employed of
the Company as determined by the Company for a particular Plan Year.”

Section 3

          Section 2.21 of the Plan is hereby deleted in its entirety without renumbering the remaining
provisions of Article II.

Section 4

     Section 5.03(b) of the Plan is hereby amended in its entirety to read as follows:

               “(b) Earnings Applicable to Covered Employees. Except as otherwise described in the
Plan, for periods on and after January 1, 2010, at the end of each calendar month during a Plan
Year, all Sub-Accounts of the Covered Employees shall be credited with an amount determined by
multiplying such Participant’s average Sub-Account balance during such month by 5%.
Notwithstanding the foregoing:

	 	(i)	 	No earnings shall be credited for the month in which the Participant
receives the distribution of the principle amount of his Sub-Accounts.
	 
	 	(ii)	 	In the event that the ROTCE determined for such Plan Year exceeds 5%,
the Basic Excess 401(k) Sub-Account and Excess Matching Sub-Account shall
retroactively be credited with the excess (if any) of (i) the amount determined by
multiplying the Participant’s average Sub-Account balance during each month of
such Plan Year by the ROTCE determined for such Plan Year, compounded monthly over
(ii) 5%. In the event of a Participant’s Termination of Employment during a Plan
Year, the ROTCE calculation shall be made during the month in which the
Participant incurs a Termination of Employment and shall be based on the
year-to-date ROTCE for the month ending prior to the date the Participant incurred
a Termination of Employment, as calculated by the Company. For any subsequent
month following such Termination, such ROTCE calculation shall not apply.”

EXECUTED this 10th day of November, 2009.

	 	 	 	 	 
	 	NACCO INDUSTRIES, INC.

 	 
	 	By:  	/s/ Charles A. Bittenbender
 	 
	 	 	Title: Vice President, General Counsel and Secretary 	 
	 	 	 	 
	 

1exv10w41

Exhibit 10.41

AMENDMENT NO. 1

TO THE NORTH AMERICAN COAL CORPORATION

SUPPLEMENTAL RETIREMENT BENEFIT PLAN

(As Amended and Restated as of January 1, 2008)

          The North American Coal Corporation hereby adopts this Amendment No. 1 to The North American
Coal Corporation Supplemental Retirement Benefit Plan (As Amended and Restated as of January 1,
2008) (the “Plan”), to be effective as of the close of business on December 31, 2009. Words used
herein with initial capital letters which are defined in the Plan are used herein as so defined.

Section 1

          The “Whereas” clauses to the Introduction to the Plan are hereby amended by adding the
following 10th paragraph to the end thereof, to read as follows:

     “WHEREAS, effective December 31, 2009, the COLAs provided to Plan 006 Participants were
permanently frozen.”

Section 2

          Sections 3.3(1) and 3.3(3) of the Plan are each hereby amended by adding the following new
sentence to the end thereof, to read as follows:

“Notwithstanding the foregoing or any other provision of the Plan to the contrary, the Supplemental
Retirement Benefits of all Plan 006 Participants are permanently frozen effective as of the close
of business on December 31, 2009.”

Section 3

          Exhibit A to the Plan is hereby amended in its entirety to read as shown in the attachment to
this Amendment.

EXECUTED this 6th day of October, 2009.

	 	 	 	 	 
	 	THE NORTH AMERICAN COAL CORPORATION

 	 
	 	By:  	/s/ Charles A. Bittenbender
 	 
	 	 	Title: Assistant Secretary 	 
	 	 	 	 
	 

1exv10w42

Exhibit 10.42

AMENDMENT NO. 2

TO THE NORTH AMERICAN COAL CORPORATION

DEFERRED COMPENSATION PLAN FOR MANAGEMENT EMPLOYEES

(As Amended and Restated as of December 1, 2007)

          The North American Coal Corporation hereby adopts this Amendment No. 2 to The North American
Coal Corporation Deferred Compensation Plan for Management Employees (As Amended and Restated as of
December 1, 2007) (the “Plan”), to be effective January 1, 2010. Words used herein with initial
capital letters which are defined in the Plan are used herein as so defined.

Section 1

          Section 2.12 of the Plan is hereby deleted in its entirety without renumbering the remaining
provisions of Article II.

Section 2

     Section 2.19 of the Plan is hereby amended in its entirety to read as follows:

     “Section 2.19 ROTCE shall mean the consolidated return on total capital employed of
NACCO as determined by NACCO for a particular Plan Year.”

Section 3

          Section 2.20 of the Plan is hereby deleted in its entirety without renumbering the remaining
provisions of Article II.

Section 4

     Section 4.02(b) of the Plan is hereby amended in its entirety to read as follows:

               “(b) Earnings Applicable to Covered Employees. Except as otherwise described in the
Plan, for periods on and after January 1, 2010, at the end of each calendar month during a Plan
Year, all Sub-Accounts of the Covered Employees shall be credited with an amount determined by
multiplying such Participant’s average Sub-Account balance during such month by 5%.
Notwithstanding the foregoing, in the event that the ROTCE determined for such Plan Year exceeds
the rate credited under the preceding sentence to the Excess Profit Sharing Sub-Account, Basic
Excess 401(k) Sub-Account and Basic Excess Matching Sub-Account, such Sub-Accounts shall
retroactively be credited with the excess (if any) of (i) the amount determined under the preceding
sentence over (ii) the amount determined by multiplying the Participant’s average Sub-Account
balance during each month of such Plan Year by the ROTCE determined for such Plan Year, compounded
monthly. This ROTCE calculation shall be made during the month in which the Participant incurs a
Termination of Employment and shall be based on the year-to-date ROTCE for the month ending prior
to the date the Participant incurred a Termination of Employment, as calculated by NACCO. For any
subsequent month following such Termination, such ROTCE calculation shall not apply.”

EXECUTED this 10th day of November, 2009.

	 	 	 	 	 
	 	THE NORTH AMERICAN COAL CORPORATION

 	 
	 	By:  	/s/ Charles A. Bittenbender
 	 
	 	 	Title: Assistant Secretary 	 
	 	 	 	 
	 

1exv10w86

Exhibit 10.86

AMENDMENT NO. 1

TO THE NACCO MATERIALS HANDLING GROUP, INC.

UNFUNDED BENEFIT PLAN

(As Amended and Restated Effective April 24, 2009)

          NACCO Materials Handling Group, Inc. hereby adopts this Amendment No. 1 to the NACCO Materials
Handling Group, Inc. Unfunded Benefit Plan (As Amended and Restated Effective April 24, 2009) (the
“Plan”), to be effective January 1, 2010. Words used herein with initial capital letters which are
defined in the Plan are used herein as so defined.

Section 1

          Section 2.15 of the Plan is hereby amended in its entirety to read as follows:

     “Section 2.19. ROTCE shall mean the consolidated return on total capital employed of
NACCO as determined by NACCO for a particular Plan Year.”

Section 2

     Section 5.1(a) of the Plan is hereby amended in its entirety to read as follows:

               “(a) In General. Except as otherwise described in the Plan, for periods on and after
January 1, 2010, at the end of each calendar month during a Plan Year through the end of the month
prior to the payment date, the Accounts of the Covered Employees shall be credited with an amount
determined by multiplying such Participant’s average Sub-Account balance during such month by 5%.
Notwithstanding the foregoing, in the event that the ROTCE determined for such Plan Year exceeds
the rate credited under the preceding sentence to the Excess Profit Sharing Sub-Account, Basic
Excess Deferral Sub-Account, Basic Excess 401(k) Sub-Account and Basic Excess Matching Sub-Account,
such Sub-Accounts shall retroactively be credited with the excess (if any) of (i) the amount
determined under the preceding sentence over (ii) the amount determined by multiplying the
Participant’s Sub-Account balance during each month of such Plan Year by the ROTCE determined for
such Plan Year, compounded monthly. This ROTCE calculation shall be made during the month in which
the Participant incurs a Termination of Employment and shall be based on the year-to-date ROTCE for
the month ending prior to the date the Participant incurred a Termination of Employment, as
calculated by NACCO. For any subsequent month following such Termination, such ROTCE calculation
shall not apply.”

EXECUTED this 10th day of November, 2009.

	 	 	 	 	 
	 	NACCO MATERIALS HANDLING GROUP, INC.

 	 
	 	By:  	/s/ Charles A. Bittenbender
 	 
	 	 	Title: Vice President, General Counsel and Secretary

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}], [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00169-of-00352.parquet"}]]