Document:

CNA Ex 10.7.2 123111

EXHIBIT 10.7.2
SECOND AMENDMENT TO THE 
CNA SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN
(As Restated Effective January 1, 2009)
The CNA SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN, as restated by CNA Financial Corporation effective January 1, 2009,  is hereby amended as follows:
1.    In order to clarify the original meaning of the Plan as restated as of January 1, 2009, Section 2.4(a) is amended to read as follows, effective as of January 1, 2009:
“(a)    Except as otherwise provided in a SERP Agreement, the Post-2004 portion of a Participant's benefit under this Plan shall be paid in a single lump sum equal to the actuarial equivalent of such portion as soon as practicable after the date the Participant terminates employment; provided that if the sum of the Participant's Rule of 65 Service (as defined under the terms of the Retirement Plan as in effect on April 1, 2008) and age on the termination date do not equal at least 65, it shall be paid on the later of the date the Participant terminates employment or the date he reaches age 55 or, in the case of a Participant who had not completed at least 10 years of Rule of 65 Service on the earlier of his termination date (regardless of whether he is subsequently reemployed) or December 31, 2008, the later of the date the Participant terminates employment or the date he reaches age 65.”
2.    Except as otherwise provided herein, the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, this Amendment has been executed on behalf of CNA Financial Corporation pursuant to the authority reserved under Section 5.1 of the Plan, this 25th day of February, 2010.
CNA FINANCIAL CORPORATION

By: /s/ Thomas Pontarelli
Thomas Pontarelli, Executive Vice President &
Chief Administration Officer, Continental   Casualty CompanyCNA Ex 10.8.1 123111

EXHIBIT 10.8.1
FIRST AMENDMENT TO THE 
CNA SUPPLEMENTAL EXECUTIVE SAVINGS 
AND CAPITAL ACCUMULATION PLAN
The CNA SUPPLEMENTAL EXECUTIVE SAVINGS AND CAPITAL ACCUMULATION PLAN, as restated by CNA effective January 1, 2009, is hereby amended as follows: 
1.    Section 1.5 of the Plan is amended by re-lettering paragraphs (n) through (r) as paragraphs (o) through (s), respectively, and inserting the following new paragraph (n):
		
	“(n)
	Excess Benefit Plan” means the separable portion of the Plan contained in Appendix B.”

2.    Section 2.1 of the Plan is amended by adding a new paragraph (d) to read as follows:
“(d)    Any Employee who becomes a Participant, but who becomes ineligible to enter into a Deferral Agreement for any subsequent Plan Year by reason of a decrease in Compensation, shall remain a Participant, and shall be credited with Employer Contributions pursuant to Section 2.3, for so long as he remains an Employee, unless otherwise determined by the Administrator.”
3.    A new Section 2.8 is added to Article II to read as follows:
“2.8    Excess Benefit Plan Participants.  If an Employee who has been a Participant in the Excess Benefit Plan becomes eligible pursuant to Section 2.1, such Employee shall become a Participant, and his Account under the Excess Benefit Plan shall be transferred to and become a part of his Account under the Plan.  Such Participant shall not be eligible to make a new payment election under Section 2.6(b), but any election made by the Participant under the Excess Benefit Plan shall be treated as having been made under Section 2.6(b) and shall apply to his entire Account.”
4.    A new Appendix B is added to the Plan, in the form of Appendix B attached to this Amendment.
5.    This amendment shall be effective as of January 1, 2009, as if included in the restatement of the Plan effective as of such date.  Except as otherwise provided herein, the Plan shall remain in full force and effect.
                       CNA FINANCIAL CORPORATION

                       By: /s/ Thomas Pontarelli
                       Thomas Pontarelli, Executive Vice President &
                       Chief Administration Officer, Continental Casualty
                       Company

“APPENDIX B
EXCESS BENEFIT PLAN
B1.Purpose and Interpretation.  The purpose of this Appendix B is to establish a separable portion of the Plan, referred to herein as the “Excess Benefit Plan”, solely for the purpose of providing benefits for Employees whose benefits under the S-CAP are restricted by Code §415.  Except as otherwise specifically provided in this Appendix B, all provisions of the Plan shall apply to Participants in the Excess Benefit Plan to the same extent and in the same manner such provisions apply to Participants in the Plan.  All capitalized terms used in this Appendix B shall have the same meaning as such terms as defined in the Plan.  It is the Company's intent that the benefits accrued for Participants solely under this Appendix B shall constitute a separable part of the Plan that constitutes an “excess benefit plan” as defined in §3(36) of ERISA.
B2.Eligibility.  The Employees who are eligible to participate in the Excess Benefit Plan shall be those Employees whose benefits under the S-CAP are restricted solely by Code §415, and who are not, and never have been, eligible to participate in the Plan pursuant to Section 2.1 thereof.  An Employee shall become a Participant in the Excess Benefit Plan on the first payroll date on which an Employer contribution that would otherwise have been credited to his account in the S-CAP cannot be credited solely by reason of Code §415, and shall remain a Participant in the Excess Benefit Plan until either his Account is fully distributed, or he transfers to the Plan pursuant to Section B4 below.
B3.Benefits Credited to Account.  The amount credited to the Account of a Participant in the Excess Benefit Plan in each Plan Year shall be equal to the amount that would have been credited to his Account in the Plan pursuant to Section 2.3 (other than the first sentence of Section 2.3(a)) for such Plan Year if he were eligible to participate in the Plan for such Plan Year, but taking into account only the Tax Limit imposed by Code §415.  A Participant's Account in the Excess Benefit Plan shall be treated as an Account in the Plan for all purposes of the Plan.
B4. Payment Election.  When an Employee first becomes eligible to participate in the Excess Benefit Plan, but not more than 30 days after such date, the Administrator may permit the Employee to make an election as to the form of payment of his benefit in accordance with Section 2.6(b) (provided that the Employee is not described in the provision to Section 2.6(b)(ii)), which election shall thereafter be treated as an election made under Section 2.6(b).
B5.Transfer to Plan.  If an Employee who has been a Participant in the Excess Benefit Plan in any Plan Year subsequently becomes eligible to participate in the Plan pursuant to Section 2.1, his Account under the Excess Benefit Plan shall be transferred to the Plan, and he shall thereafter be considered a Participant in the Plan and shall be ineligible to again participate in the Excess Benefit Plan for so long as he remains an Employee, even if he subsequently becomes ineligible to participate in the Plan.”CNA Ex 10.8.2 123111

EXHIBIT 10.8.2
SECOND AMENDMENT TO THE 
CNA SUPPLEMENTAL EXECUTIVE SAVINGS 
AND CAPITAL ACCUMULATION PLAN
The CNA SUPPLEMENTAL EXECUTIVE SAVINGS AND CAPITAL ACCUMULATION PLAN, as restated by CNA effective January 1, 2009, and as previously amended by the First Amendment thereto, is hereby further amended as follows: 
1.    Section 2.2(a) of the Plan is amended by adding a new subparagraph (a)(iii) to read as follows:
		
	“(iii)
	Effective January 1, 2011, the highest percentage of Compensation that a Participant can elect to contribute to the S-CAP shall be determined without regard to Catch-Up Contributions, and any election, or change in election, that a Participant makes during a Plan Year with respect to Catch-Up Contributions under the S-CAP shall have no effect on the amount deferred by the Participant pursuant to this Plan.”

2.    This amendment shall take effect on January 1, 2011, and shall apply to all Plan Years commencing on or after such date.  Except as otherwise provided herein, the Plan shall remain in full force and effect.
IN WITNESS WHEREOF, CNA Financial Corporation has caused this Second Amendment to be executed this 14th day of December, 2010.
CNA FINANCIAL CORPORATION

By: /s/ Thomas Pontarelli
Thomas Pontarelli, Executive Vice President &
Chief Administration Officer, Continental   Casualty CompanyCNA Ex 10.8.3 123111

EXHIBIT 10.8.3
THIRD AMENDMENT TO THE 
CNA SUPPLEMENTAL EXECUTIVE SAVINGS 
AND CAPITAL ACCUMULATION PLAN
The CNA SUPPLEMENTAL EXECUTIVE SAVINGS AND CAPITAL ACCUMULATION PLAN, as restated by CNA effective January 1, 2009, and as previously amended by the First and Second Amendments thereto, is hereby further amended as follows: 
1.    A new Section 2.9 is added to Article II of the Plan to read as follows:
“2.9    Former Participants in Surety Plans.  
(a)    Effective as of December 25, 2011, the employees of Western Surety Company, a subsidiary of CNA Surety Corporation, will become employees of Continental Casualty Company.  CNA Surety Corporation sponsors two nonqualified deferred compensation plans for the benefit of employees of Western Surety Company:  the CNA Surety Corporation Deferred Corporation Plan (the “2000 Surety Plan”), which provided for the deferral of compensation earned prior to 2005, and the CNA Surety Corporation 2005 Deferred Corporation Plan (the “2005 Surety Plan”, and, collectively with the 2000 Surety Plan, the “Surety Plans”), which provides for the deferral of compensation earned beginning in 2005.  Effective January 3, 2012, each of the Surety Plans will be merged with and into the Plan in accordance with the provisions of this Section 2.9.
(b)    Effective January 3, 2012, each person who has an account in either of the Surety Plan (a “Surety Participant”) shall become a Participant.  Each Surety Participant's account in the applicable Surety Plan, valued as of such date, shall become an Account in the Plan, and the Plan hereby assumes the obligation to pay such Account, subject to the terms of the Plan.  If a Surety Participant has an account in the 2005 Surety Plan, such account shall become his Account in this Plan, any future contributions shall be credited to such Account, and the entire balance in such Account shall be considered a Post-2004 Account for all purposes of the Plan.  If a Surety Participant has an account in the 2000 Surety Plan, whether or not he also has an account in the 2005 Surety Plan, such account shall be treated as a separate Account or subaccount which is a Pre-2005 Account for all purposes of the Plan, and no further contributions shall be allocated to such Account.
(c)    Contributions to the Plan on behalf of Surety Participants shall be determined as follows:
		
	(i)
	Elective Contributions, Matching Contributions, and Basic Contributions for the final Western Surety Company payroll period ending prior to December 25, 2011, shall be calculated in accordance with the terms of the 2005 Surety Plan, credited initially to the Surety Participant's account in the 2005 Surety Plan, and then transferred to 

the Plan on January 3, 2012, as described in Section 2.9(b) above.  
		
	(ii)
	Performance Contributions, if any, for 2011 shall be calculated in accordance with the terms of the 2005 Surety Plan (based upon the 2011 performance of CNA Surety Corporation), and credited to each eligible Surety Participants' Post-2004 Account in this Plan.

		
	(iii)
	Surety Participants shall be considered Active Participants, and eligible to enter into a Deferral Agreement for 2012 and subsequent years, if and only if they otherwise satisfy the requirements of Section 2.1.  The Administrator shall determine which Surety Participants are anticipated to be eligible to satisfy the requirements of Section 2.1 in 2012, and provide them with an opportunity to enter into a Deferral Agreement for 2012, prior to December 31, 2011.

		
	(iv)
	Surety Participants who become employees of Continental Casualty Company shall be eligible to be credited with employer contributions pursuant to Section 2.3 if they are Active Participants in this Plan, or pursuant to the Excess Benefit Plan set forth in Appendix B if they are not Active Participants.

(d)    All Accounts transferred from the Surety Plans shall be credited with earnings in accordance with Section 2.4 beginning on January 3, 2012, and Surety Participants shall have no right to elect investment funds after such date.
(e)    The entire Post-2004 Account of a Surety Participant, including any amount transferred from the 2005 Surety Plan and all subsequent contributions, shall be distributed in a single lump sum as soon as reasonably practical after the date that is six months after the Surety Participant incurs a separation from service as defined in Code §409A, in accordance with Article VI of the 2005 Surety Plan.
(f)    The Pre-2005 Account of a Surety Plan that was transferred from the 2000 Surety Plan shall be distributed in accordance with the Surety Participant's election made under the terms of the 2000 Plan, in accordance with Article VI of the 2000 Surety Plan.
(g)    The right of a Surety Participant to withdraw a portion of his Account by reason of unforeseeable financial emergency pursuant to Section 5.6 of the 2000 Surety Plan or 6.5 of the 2005 Surety Plan shall be governed exclusively by Section 3.3 of the Plan.  A Surety Participant whose balance in the 2000 Surety Plan is transferred to a Pre-2005 Account in this Plan shall retain the right to an early distribution pursuant to Section 5.5 of the 2000 Surety Plan, but only with respect to such Pre-2005 Account.
(h)    The Administrator may treat any Beneficiary of a Surety Participant designated pursuant to one of the Surety Plans as the Participant's Beneficiary under this Plan, subject to each Participant's right to designate a new Beneficiary in accordance with the Plan.

(i)    Surety Participants shall be fully vested in their Accounts, including both amounts transferred to the Plan from the Surety Plans, and all subsequent contributions, subject to the provisions of Sections 4.9 of the 2000 Surety Plan and 5.8 of the 2005 Surety Plan relating to forfeiture for misconduct. 
(j)    Except as otherwise provided herein, Surety Participants shall be considered Participants, and the portion of their Accounts representing amounts transferred from the Surety Plans shall be treated in the same manner as other Accounts, for all purposes of the Plan.  Any employee of Western Surety who is not a Surety Participant, and becomes an employee of Continental Casualty Company on December 25, 2011, shall be treated in the same manner as any newly hired employee for purposes of the Plan, but shall be given credit for Vesting Service earned as an employee of Western Surety Company.”
2.    Section 3.2 is amended by the addition of the following sentence:  “Without limiting the generality of the foregoing, the Administrator is hereby authorized and directed to enter into an agreement with one or more trustees designated by it establishing such a trust to accept the transfer of assets from the trust established by an agreement dated August 1, 2000, between CNA Surety Corporation and First National Bank in Sioux Falls to fund the 2000 Surety Plan (as defined in Section 2.9), and from the trust established by an agreement dated March 28, 2005, between the same parties to fund the 2005 Surety Plan (as defined in Section 2.9), and to commingle such assets into a single trust fund to be used to pay any benefits accrued under the Plan, including but not limited to accounts transferred from the Surety Plans, and to pay expenses of such trust and the Plan.”
3.    This Amendment is intended to provide for a transfer of the accounts of Surety Participants from the Surety Plans to the Plan in a manner that complies in all respects with §409A of the Internal Revenue Code, and to preserve the status of amounts transferred from the 2000 Surety Plan, and the earnings thereon, as exempt from §409A, and shall to the maximum extent permissible by law shall be so interpreted and administered.  Except as otherwise provided herein, the Plan shall remain in full force and effect. 
IN WITNESS WHEREOF, CNA Financial Corporation has caused this Third Amendment to be executed this 29th day of November, 2011.
            CNA FINANCIAL CORPORATION

By: /s/ Thomas Pontarelli
Thomas Pontarelli, Executive Vice President &
Chief Administration Officer, Continental       Casualty Company

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