Document:

<PAGE>

                                 FIRST AMENDMENT
                                     TO THE
                  HOOVER COMPANY I L.P. RETIREMENT SAVINGS PLAN
                           FOR HOURLY-RATED EMPLOYEES

WHEREAS, Maytag Corporation (the "Corporation") previously adopted the Hoover
Company I L.P. Retirement Savings Plan for Hourly-Rated Employees (the "Plan")
for the benefit of its eligible employees; and

WHEREAS, under Section 11.1 of the Plan, the Corporation, by action of its Board
of Directors or the ERISA Executive Committee, has reserved the right to amend
the Plan at any time; and

WHEREAS, the Corporation now desires to amend the Plan in order to specifically
authorize and direct that common stock of the Corporation be allowed as an
investment options under the Plan.

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as follows
effective September 1, 2002:

1.  Article VII is amended in its entirety to read as follows:

                                   ARTICLE VII
                             INVESTMENT OF ACCOUNTS

          7.1 Investment Funds. The Plan Administrator will determine the
    Investment Funds that will be made available under the Plan, which may
    include mutual funds, pooled investment funds, group annuity, deposit
    administration or separate account contracts with an insurance Corporation,
    or any other investment option deemed appropriate by the Plan Administrator.

          The Plan is intended, in part, to serve as a vehicle for voluntary
    stock ownership by Members and Beneficiaries. Accordingly, a Maytag Common
    Stock Fund will be maintained as an Investment Fund under the Plan, which
    will be invested in common stock of the Corporation and will be accounted
    for on a share accounting basis. Up to one-hundred percent (100%) of the
    Accounts may be invested in the Maytag Common Stock Fund, if so directed by
    Members and Beneficiaries.

          The Plan Administrator may direct that a cash component be maintained
    within and as part of any pooled investment fund or other investment option
    to provide liquidity for distributions, investment transactions or for any
    other purpose, with such cash component being held in cash or invested in
    short-term cash equivalent investments or securities (including, but not
    limited to, United States Treasury Bills, commercial paper, and savings
    accounts and certificates of deposit, and common or commingled trust funds
    invested in such short-term cash equivalent investments or securities).

          The Plan Administrator may at any time and from time to time add to or
    remove from the Investment Funds, except for the Maytag Common Stock Fund
    which is directed to be available as a design feature of the Plan. However,
    at least three (3) Investment Funds, other than the Maytag Common Stock
    Fund, will be available at all times under the Plan consistent with ERISA
    (S) 404(c).

          The Plan is intended to qualify under ERISA (S) 404(c). Accordingly, a
    Member (or Beneficiary following the death of the Member) generally will be
    allowed to direct the investment of his/her Accounts among the investment
    options available under the Plan. However, circumstances may arise from time
    to time where investment direction is not available (for example, a
    "blackout period" may be imposed to facilitate account transitions).

                                   Page 1 of 4

<PAGE>

          7.2 Investment Direction Procedures. Investment directions may be
    given with such frequency as is deemed appropriate by the Plan
    Administrator, and must be made in such percentage or dollar increments, in
    such manner and in accordance with such rules as may be prescribed for this
    purpose by the Plan Administrator (including by means of a voice response or
    other electronic system under circumstances so authorized by the Plan
    Administrator). All investment directions will be complete as to the terms
    of the investment transaction and will remain in effect until a new
    investment direction is filed by the Member or Beneficiary.

          7.3 Voting Rights on Maytag Stock. A Member (or Beneficiary of a
    deceased Member) may instruct the Trustee as to how to vote shares of Maytag
    Stock credited to his/her Account on any matter submitted for a vote to
    shareholders of the Corporation. The number of shares with respect to which
    a Member may provide voting instructions will equal the number of shares
    credited to his/her Account as of the record date for determining the
    shareholders entitled to vote at the shareholder meeting. The Plan
    Administrator will cause the proxy materials that are sent to shareholders
    to be sent to Members prior to the shareholders meeting at which the vote is
    to be cast. The Plan Administrator or Trustee will establish a deadline by
    which instructions must be received from Members; the Trustee will tabulate
    the instructions received by that deadline, will determine the number of
    votes for and against each proposal, and will vote the allocated shares in
    accordance with the directions received.

          The Trustee will vote all shares of Maytag Stock held in the Trust
    Fund for which instructions from the Members (or Beneficiaries) have not
    been received by the established deadline in the same proportion as the
    votes cast by Members (and Beneficiaries).

          A Member (or Beneficiary) will be a "named fiduciary" to the extent of
    the voting control granted under this Section.

          7.4 Tender or Exchange Offers Regarding Maytag Stock. A Member (or
    Beneficiary of a deceased Member) may instruct the Trustee as to whether or
    not to tender or exchange shares of Maytag Stock credited to his/her Account
    in any tender or exchange offer for shares of Maytag Stock. The number of
    shares with respect to which a Member may provide instructions will equal
    the number of shares credited to his/her Account as of a date established by
    the Plan Administrator that precedes the date on which a response is
    required to the offer (with appropriate adjustments to reflect subsequent
    transactions with respect to the Account). The Plan Administrator will use
    reasonable efforts to cause each Member to be sent a notice of the terms of
    any tender or exchange offer, and to be provided with forms by which the
    Member may instruct the Trustee to tender shares of Maytag Stock credited to
    his/her Account, to the extent permitted under the terms of such offer. The
    Plan Administrator or Trustee will establish a deadline by which
    instructions must be received from Members; the Trustee will tabulate the
    instructions received by that deadline, will determine the number of shares
    to tender and retain, and will tender or retain the allocated shares in
    accordance with the directions received.

          A Member (or Beneficiary) may not instruct the Trustee to tender or
    exchange some but less than all of the shares of Maytag Stock credited to
    his/her Account, and an instruction to tender or exchange less than all will
    be deemed to be an instruction not to tender or exchange any shares of
    Maytag Stock credited to his/her Account.

          The Trustee will tender or exchange, or retain, shares of Maytag Stock
    held in the Trust Fund for which instructions from the Member (or
    Beneficiary) have not been received by the established deadline, in the same
    proportion as the decision made by Members (and Beneficiaries).

          A Member (or Beneficiary) will be a "named fiduciary" to the extent of
    the investment control granted under this Section.

                                   Page 2 of 4

<PAGE>

2.  Section 8.4 is amended to read as follows:

          8.4  Allocation of Investment Gains or Losses. Investment gains or
    losses of the Trust Fund with respect to an Investment Fund will be
    allocated as follows:

          (a)  In the case of any mutual fund, the value of that portion of an
               Account invested in the mutual fund as of any date will equal the
               value of a share in such fund multiplied by the number of shares
               credited to the Account.

          (b)  In the case of a pooled investment fund for which unit values are
               not maintained, gains or losses on the pooled investment fund
               will be allocated among the Accounts in proportion to the value
               of that portion of each Account invested in such fund immediately
               before the allocation, and the gain or loss allocated to each
               will be credited to or charged against the Account. In the case
               of a pooled investment fund for which unit values are maintained,
               the value of that portion of an Account invested in such fund as
               of any date will equal the value of a unit in such fund
               multiplied by the number of units credited to the Account.

          (c)  In the case of the Maytag Common Stock Fund, the Account will
               reflect a number of full and fractional shares of Maytag Stock
               (and a value for such shares need not be separately maintained).

          (d)  In the case of any investment that is held specifically for an
               Account, any gain or loss on such investment will be credited to
               or charged against the Account.

          Any investment gain or loss of the Trust Fund that is not directly
    attributable to the investment of the Account of any Member or Beneficiary
    will be applied to pay administrative expenses of the Plan if and as
    directed by the Plan Administrator, with any excess remaining at the close
    of the Plan Year being allocated among the Accounts in accordance with rules
    established for this purpose by the Plan Administrator.

3.  Section 8.6 is added to read as follows:

          8.6  Processing Transactions Involving Accounts. Accounts will be
    adjusted to reflect contributions, distributions, investments and other
    transactions as provided in this Article. However, notwithstanding any
    contrary provision of the Plan, all information necessary to properly
    reflect a given transaction in the Accounts may not be immediately
    available, in which case the transaction will be reflected in the Accounts
    when such information is received and processed. Further, the processing of
    any contribution, distribution, investment or other transaction may be
    delayed for any legitimate business reason (including, but not limited to,
    failure of systems or computer programs, failure of the means of the
    transmission of data, force majeure, the failure of a service provider to
    timely receive net assets values or prices, or to correct for its errors or
    omissions or the errors or omissions of any service provider). With respect
    to any contribution, distribution or other transaction, the processing date
    of the transaction will be considered the applicable Valuation Date for that
    transaction and will be binding for all purposes of the Plan.

                                   Page 3 of 4

<PAGE>

IN WITNESS WHEREOF, the Corporation has caused this First Amendment to be
executed by unanimous written action of its ERISA Executive Committee this
_________ day of ___________, 2002.

____________________________________
Ralph F. Hake
Chairman and Chief Executive Officer

____________________________________
Steven H. Wood
Executive Vice President and Chief Financial Officer

____________________________________
Mark Krivoruchka
Senior Vice President, Human Resources

__________________
Date

                                   Page 4 of 4<PAGE>

                             SECOND AMENDMENT TO THE
                            THE HOOVER COMPANY I L.P.
                             RETIREMENT SAVINGS PLAN
                           FOR HOURLY-RATED EMPLOYEES

WHEREAS, Maytag Corporation (the "Corporation") previously adopted The Hoover
Company I L.P. Retirement Savings Plan for Hourly-Rated Employees (the "Plan")
for the benefit of its eligible employees; and

WHEREAS, under Section 11.1 of the Plan, the Corporation, by action of its Board
of Directors or ERISA Executive Committee, has reserved the right to amend the
Plan at any time; and

WHEREAS, the Corporation now desires to amend the Plan effective July 1, 2002 in
order to allow employees who are age 50 or older to make pre-tax catch-up
contributions as allowed under the Economic Growth and Tax Relief Reconciliation
Act of 2001;

NOW, THEREFORE, BE IT RESOLVED, that the Plan is hereby amended as follows
effective July 1, 2002:

     1.   Amend Section 2.1(a) to add the following definition at the end of the
          section:

          (3) "Catch-Up Contributions Account" means that portion of such
          Member's Account which evidences the value of the Catch-Up
          Contributions made on his behalf by an Employer, including any gains
          and losses of the Trust Fund attributable thereto.

     2.   Amend Section 2.1(d) to add the following at the end of the Section:

          "Catch-Up Contributions" means the contributions made by an Employer
          on behalf of a Participant pursuant to the Participant's election to
          reduce Compensation as described in subsection 4.7(c).

     3.   Amend Section 3.2 to include reference to Catch-Up Contributions

          3.2  Duration of Participation. A Participant shall continue to be a
               Participant until he terminates his employment with all Employers
               or ceases making Before-Tax Contributions and Catch-Up
               Contributions to the Plan, whichever is sooner. Thereafter, he
               shall be a Member for as long as he has an Account.

     4.   Article IV is amended by adding the following new Section 4.7 at the
          end thereto:

          4.7  Catch-up Contributions. A Catch-Up Contribution will be made for
               each payroll period on behalf of each catch-up eligible
               Participant who elects to have his/her Compensation reduced in
               order to receive such a contribution for such payroll period. The
               amount of the Catch-Up Contribution will equal the amount of the
               reduction in Compensation.

               A "catch-up eligible" Participant for this purpose is any Active
               Participant who:

<PAGE>

          (a)  Has attained age fifty (50) or will attain age fifty the last day
               of the Plan Year; and

          (b)  whose elective deferrals under Section 4.1 exceed one of the
               following:

               (i)   The maximum annual participant elective deferral limit for
                     the calendar year under Section 402(g) of the Code
                     described in Section 4.2(a) above,

               (ii)  The maximum annual Participant elective deferral limit
                     allowed under Section 4.1(b) of the Plan, or

               (iii) The maximum plan year limit based on the results of the
                     actual deferral percentage test described under Sections
                     4.2(c).

               A catch-up eligible Participant may elect to reduce (or further
               reduce) his/her Compensation for a payroll period by any whole
               percentage, but not less than one percent (1%) or more than
               ninety-nine percent (99%), to receive a Catch-Up Contribution.
               The Catch-Up Contributions for a Plan Year may not exceed the
               limit in effect for such Plan Year under Code Section
               414(v)(2)(B)(i). If the Participant's Before-Tax Contributions
               for the Plan Year are less than the maximum permissible amount,
               then his/her Catch-Up Contributions will be recharacterized as
               Before-Tax Contributions at the close of the Plan Year to the
               extent necessary to cause his/her total Before-Tax Contributions
               (including amount so recharacterized) for the Plan Year to equal
               the maximum permissible amount.

               The "maximum permissible amount" for this purpose means the
               lesser of the limit in effect for the Plan Year under Code
               Section 402(g), or the elective deferral limit in effect under
               Section 4.1(b) of the Plan for that portion of the Plan Year
               during which he/she is an Active Participant.

          (c)  An election to reduce Compensation (or the modification or
               revocation of an election) must be made in such manner and in
               accordance with such rules as may be prescribed for this purpose
               by the Plan Administrator (including by means of a voice response
               or other electronic media under circumstances authorized by the
               Plan Administrator).

          (d)  The catch-up contributions described in this Section 4.7 shall
               not be subject to the actual deferral percentage tests described
               above in Section 4.2(c) or to the limitation on annual additions
               in Section 4.3.

          (e)  Participants who contribute to more than one plan with one or
               more employers must combine their contributions to all of the
               plans to apply the limits described in Section 4.7(b) above for
               the applicable calendar year.

          (f)  Before-Tax Contributions described under Section 4.1 may be
               re-characterized as Catch-Up Contributions under this Section if
               one of the limits under Section 4.7(b) above is met by the end of
               the calendar year and the Participant is otherwise eligible to
               make Catch-Up Contributions under this Section 4.7.

<PAGE>

     (g)  Catch-Up Contributions are subject to the distribution restrictions
          for Before-Tax Contributions, as provided above in Section 4.5.

5.   Modify Section 5.1 to provide for full vesting of Catch-Up Contributions
     Accounts.

               5.1    Before-Tax, Rollover and Catch-Up Contributions Accounts.
                      Subject to Section 6.8, a Member shall at all times be
                      fully vested and have a nonforfeitable interest in his
                      Before-Tax, Rollover and Catch-Up Contributions Accounts.

6.   Modify the first paragraph of Section 6.4 to include Catch-Up Contributions
     as eligible for hardship withdrawals:

               6.4    Hardship Withdrawals. A Participant who has incurred a
                      financial hardship may withdraw all or a portion of his
                      Rollover Contributions Account, not in excess of the
                      balance thereof, and the amount of his Before-Tax
                      Contributions and his Catch-Up Contributions as of the
                      date of distribution, reduced by the amount of previous
                      distributions on account of hardship. Income earned on
                      Before-Tax Contributions prior to January 1, 1989, shall
                      also be eligible for withdrawal. Such hardship withdrawals
                      shall first be made from the Participant's Rollover
                      Contributions Account and then from the Participants'
                      Before-Tax Contributions Account and his Catch-Up
                      Contributions Account. The determination of the existence
                      of financial hardship and the amount required to be
                      distributed to satisfy the need created by the hardship
                      will be made by the Plan Administrator in a uniform and
                      non-discriminatory manner, subject to the following rules:

7.   Modify Section 6.4(b) to provide for the addition of Catch-Up
     Contributions:

               6.4(b) A Participant shall be required to certify to the Plan
                      Administrator on a form prescribed by the Plan
                      Administrator both the reason for the financial need and
                      that such need cannot be satisfied from sources other than
                      a withdrawal from the Participant's Before-Tax
                      Contributions Account, Catch-Up Contributions Account or
                      Rollover Contributions Account. The Participant shall be
                      required to submit any additional supporting documentation
                      as may be requested by the Plan Administrator.

8.   Modify Section 6.4(e) to provide that Catch-Up Contributions will be
     suspended in the event of a hardship withdrawal.

               6.4(e) The Participant's elective contributions under Section
                      4.1(b), Section 4.7 and all other employer contributions
                      (as defined in Code Section 401(k) and the regulations
                      thereunder) shall be suspended under this Plan and all
                      other deferred compensation plans maintained by the
                      Employer for twelve (12) months after his receipt of the
                      hardship distribution, or, effective for hardship
                      distributions after December 31, 2001, for 6 months

<PAGE>

                   after the receipt of the hardship distribution (except for
                   mandatory employee contributions to a defined benefit plan).

9.   Modify Section 7.2 to provide participant investment control over Catch-Up
     Contribution Accounts.

               7.2 Investment of Accounts. Each Participant may elect to have
                   the total amount of his Before-Tax Contributions, Rollover
                   Contributions and Catch-Up Contributions made on his behalf
                   invested in increments of ten (10) percent (five (5) percent,
                   effective as of the first pay period beginning on or after
                   July 1, 2002) of such total amount, subject to the rules and
                   procedures established by the Plan Administrator and applied
                   in a uniform and nondiscriminatory manner.

10.  Modify Section 8.5 to refer to Catch-Up Contributions.

               8.5 Distribution of Unallocated Employee Contributions. If, on
                   the date of termination of a Participant's employment, a
                   Participant's Compensation has been reduced by any amount
                   pursuant to Section 4.1(b) or Section 4.7(c), and such amount
                   has not yet been allocated to his Before-Tax Contributions
                   Account or Catch-Up Contributions Account, the Plan
                   Administrator shall direct the Employer to pay such amounts
                   to the Trustee to be credited to the Participant's applicable
                   account, to be distributed by the Trustee in accordance with
                   the method of distribution determined under Section 6.3.

IN WITNESS WHEREOF, the Corporation has caused this Second Amendment to be
executed by unanimous written action of its ERISA Executive Committee this
_________ day of ___________, 2002.

______________________________
Ralph F. Hake
Chairman and Chief Executive Officer

______________________________
Steven H. Wood
Executive Vice President and Chief Financial Officer

______________________________
Mark Krivoruchka
Senior Vice President, Human Resources

______________________________
Roger Scholten
Senior Vice President, General Counsel

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00047-of-00352.parquet"}]]