Document:

<PAGE>

                                                                 Exhibit (10)(e)

                            THE LUBRIZOL CORPORATION
                        EXCESS DEFINED CONTRIBUTION PLAN
                                  (As Amended)

      The Lubrizol Corporation hereby establishes, effective as of December 31,
1986, The Lubrizol Corporation Excess Defined Contribution Plan (the "Plan") for
the purpose of supplementing the benefits of certain employees, as permitted by
Section 3(36) of the Employee Retirement Income Security Act of 1974.

                                    ARTICLE I

                                   DEFINITIONS

      1.1 Definitions. For the purposes hereof, the following words and phrases
shall have the meanings indicated, unless a different meaning is plainly
required by the context:

            (a) Beneficiary. The term "Beneficiary" shall mean the person or
      persons who shall be designated by a Participant to receive distribution
      of such Participant's interest under the Plan in the event such
      Participant dies before full distribution of his interest.

            (b) Code. The term "Code" shall mean the Internal Revenue Code as
      amended from time to time. Reference to a section of the Code shall
      include such section and any comparable section or sections of any future
      legislation that amends, supplements, or supersedes such section.

            (c) Company. Effective December 30, 1994, the term "Company" shall
      mean The Lubrizol Corporation, an Ohio corporation, its corporate
      successors and the surviving corporation resulting from any merger of The
      Lubrizol Corporation with any other corporation or corporations, and any
      subsidiaries of The Lubrizol Corporation which adopt the Plan.

            (d) Fund. The term "Fund" shall mean each separate investment fund
      established and maintained under the Trust Agreement.

            (e) Lubrizol Profit-Sharing Plan. The term "Lubrizol Profit-Sharing
      Plan" shall mean The Lubrizol Corporation Employees' Profit-Sharing Plan
      as the same shall be in effect on the date of a Participant's retirement,
      death, or other termination of employment.

            (f) Participant. Effective September 30, 1994, The term
      "Participant" shall mean any person employed by the Company who is listed
      on Appendix A attached hereto, or who is designated by the Board of
      Directors as an officer for the purposes of Section 16 of the Securities
      Exchange Act of 1934, or whose benefits under the Profit-Sharing Plan are
      limited by the application of Section 401(a)(17) of the Internal Revenue
      Code of 1986, as amended.

            (g) Plan. The term "Plan" shall mean the excess defined contribution
      retirement plan as set forth herein, together with all amendments hereto,
      which Plan shall be called "The Lubrizol Corporation Excess Defined
      Contribution Plan."

<PAGE>

            (h) Plan Year. The term "Plan Year" shall mean the calendar year.

            (i) Supplemental Company Contributions. The term "Supplemental
      Company Contributions" shall mean the contributions made by the Company
      under the Plan in accordance with the provisions of Section 2.2.

            (j) Trust Agreement. The term "Trust Agreement" shall mean The
      Lubrizol Corporation Excess Defined Contribution Plan Trust Agreement.

            (k) Trust Assets. The term "Trust Assets" shall mean all property
      held by the Trustee pursuant to the Trust Agreement.

            (l) Trustee. The term "Trustee" shall mean the trustee of The
      Lubrizol Corporation Excess Defined Contribution Trust.

            (m) Valuation Date. The term "Valuation Date" shall mean the last
      day of each Plan Year and any other date as may be agreed upon by the
      Company and the Trustee.

            (n) Separate Accounts. The term "Separate Accounts" shall mean each
      account established on behalf of a Participant under the Plan and credited
      with Supplemental Company Contributions in accordance with the provisions
      of Section 2.3.

            (o) Lubrizol Deferred Compensation Plan. Effective July 1, 1994, the
      term "Lubrizol Deferred Compensation Plan" shall mean The Lubrizol
      Corporation Deferred Compensation Plan for Officers (which was adopted
      effective July 1, 1994), as shall be in effect on the date of the
      Participant's retirement, death, or other termination of employment.

            (p) Executive Council Deferred Compensation Plan. Effective January
      1, 1997, the term "Executive Council Deferred Compensation Plan" shall
      mean The Lubrizol Corporation Executive Council Deferred Compensation
      Plan, as shall be in effect on the date of the Participant's retirement,
      death, or other termination of employment.

             1.2 Additional Definitions. All other words and phrases used herein
shall have the meanings given them in the Lubrizol Profit-Sharing Plan, unless a
different meaning is clearly required by the context.

                                   ARTICLE II

                           SUPPLEMENTAL CONTRIBUTIONS

      2.1 Eligibility. Effective January 1, 1997, a Participant whose benefits
under the Lubrizol Profit-Sharing Plan are limited with respect to any Plan Year
by Section 401(a)(17) or 415 of the Code, or who participated in the Lubrizol
Deferred Compensation Plan or the Executive Council Deferred Compensation Plan,
shall be eligible to have contributions made with respect to him under the Plan
in accordance with the provisions of this Article II.

<PAGE>

      2.2 Supplemental Company Contributions. Effective January 1, 1997, in the
event that Company contributions under the Lubrizol Profit-Sharing Plan with
respect to a Participant are limited for any Plan Year due to the provisions of
Section 401(a)(17) or 415 of the Code, or due to the Participant's participation
in the Lubrizol Deferred Compensation Plan or the Executive Council Deferred
Compensation Plan, the amounts by which such contributions are limited shall be
credited under the Plan by the Company and shall be designated as Supplemental
Company Contributions.

      2.3 Allocation of Contributions. Effective September 30, 1994,
Supplemental Company Contributions shall be allocated among the Separate
Accounts of the Participants on whose behalf such contributions are made.

      2.4 Administration of Separate Accounts. Effective September 30, 1994,
each Separate Account to which contributions under Sections 2.2 and 2.3 are
credited and allocated shall be credited monthly with the net monthly increase
experienced by the General Fund of the Lubrizol Profit-Sharing Plan.

                                   ARTICLE III

                                  DISTRIBUTION

      3.1 Vesting. Each Participant as of December 31, 1993, shall be 100
percent vested in the value of his Separate Accounts. Each new Participant after
December 31, 1993, shall be vested in the value of his Separate Accounts under
this Plan as determined in accordance with the vesting provisions of the
underlying qualified plans.

      3.2 Distribution. (Effective November 27, 1995)

            (a) Each Participant who terminates employment with the Company and
      its related corporations shall receive payment of the balance in his
      Separate Account in the standard form of payment of a single lump-sum
      payment payable within 30 days following employment termination;

            (b) Effective October 1, 2000, Participants may instead elect within
      a 60-day period commencing 90 days prior to employment termination to
      receive the balance of his Separate Account in any one of the following
      payment options:

            i. a single lump-sum payment payable within 30 days following the
            calendar year in which the Participant's employment terminated.
            Interest shall accrue and be paid with the lump-sum; such interest
            to be computed at the applicable interest rate, as defined in
            Section 417(e)(3)(A)(ii)(II) of the Code, in effect on the date of
            employment termination.

            ii. annual installments of up to ten payments, the first of which
            shall be paid within 30 days of the Participant's employment
            termination, and subsequent installments of which shall be paid on
            the anniversary date of the payment of the first installment. Such
            installments shall be determined by dividing the value of the
            Participant's Separate Account (determined in the same manner as
            under the Lubrizol Profit-Sharing Plan by the number of installments
            to be paid and adjusting for interest based on the applicable
            interest rate, as defined in Section 417(e)(3)(A)(ii)(II) of the
            Code, in effect on the date of employment termination.

<PAGE>

            Installments after the first installment shall include such
            interest, which accrues during the 12-month period occurring since
            the date the prior installment was paid.

      Notwithstanding the foregoing provisions of the Plan to the contrary, if
the present value of the Separate Account is less than $25,000, such benefit
shall be paid in a single lump-sum payment to such person within 30 days
following employment termination.

      3.3 Distribution in the Event of Death. Effective September 30, 1994, in
the event of the death of a Participant prior to distribution in full of his
interest under the Plan, his Beneficiary shall receive distribution of such
interest. In the event of death of a Participant prior to making an election for
benefits, such Beneficiary shall receive distribution of such interest as soon
as practicable after such Participant's death in the form elected by such
Beneficiary pursuant to Section 3.2. The Beneficiary under this Section 3.3
shall be the person designated as the Participant's beneficiary under the
Lubrizol Profit-Sharing Plan. If no Beneficiary survives such Participant or if
no Beneficiary has been designated by such Participant, the estate of such
Participant shall be the Beneficiary and receive distribution thereof. If any
Beneficiary dies after becoming entitled to receive distribution hereunder and
before such distribution is made in full, and if no other person or persons have
been designated to receive the balance of such distribution upon the happening
of such contingency, the estate of such deceased Beneficiary shall become the
Beneficiary as to such balance.

                                   ARTICLE IV

                       ADMINISTRATION (Effective 9/23/02)

      4.1 Authority of the Company. The Company shall be responsible for the
general administration of the Plan, for carrying out the provisions hereof, and
for making, or causing the Trust to make, any required supplemental benefit
payments. The Company shall have all such powers as may be necessary to carry
out the provisions of the Plan, including the power to determine all questions
relating to eligibility for and the amount of any supplemental pension benefit
and all questions pertaining to claims for benefits and procedures for claim
review; to resolve all other questions arising under the Plan, including any
questions of construction; and to take such further action as the Company shall
deem advisable in the administration of the Plan. The Company may delegate any
of its powers, authorities, or responsibilities for the operation and
administration of the Plan to any person or committee so designated in writing
by it and may employ such attorneys, agents, and accountants as it may deem
necessary or advisable to assist it in carrying out its duties hereunder. The
actions taken and the decisions made by the Company hereunder shall be final and
binding upon all interested parties.

      4.2 Claims Review Procedure. The Company shall notify the person who files
a claim for benefits (hereinafter referred to as the "Claimant") of the Plan's
adverse benefit determination within a reasonable period of time, but not later
than 90 days after the receipt of the claim by the Plan, unless the Company
determines that special circumstances require an extension of time for
processing the claim. If the Company determines that special circumstances
require an extension of time for processing is required, written notice of the
extension shall be furnished to the Claimant prior to the termination of the
initial 90-day period. In no event shall such extension exceed a period of 90
days from the end of such initial period. The extension notice shall indicate
the special circumstances requiring an extension of time and the date by which
the Plan expects to render the benefit determination. Whenever the Company
decides for whatever reason to deny, whether in whole or in part, a claim for
benefits

<PAGE>

filed by any Claimant, the Company shall transmit to the Claimant a written
notice of the Company's decision, which shall be written in a manner calculated
to be understood by the Claimant and contain a statement of the specific reasons
for the denial of the claim, reference to the specific Plan provisions on which
the determination was based, a description of any additional material or
information necessary for the Claimant to perfect the claim and an explanation
of why such material or information is necessary, a description of the Plan's
review procedures and the time limits applicable to such procedures, include a
statement of the Claimant's right to bring civil action under Section 502(a)
ERISA following an adverse benefit determination on review. Within 60 days of
the date on which the Claimant receives such notice, he or his authorized
representative may request that the claim denial be reviewed by filing with the
Company a written request therefor, which request shall contain the following
information:

            (a) the date on which the Claimant's request was filed with the
      Company; provided, however, that the date on which the Claimant's request
      for review was in fact filed with the Company shall control in the event
      that the date of the actual filing is later than the date stated by the
      Claimant pursuant to this paragraph (a);

            (b) the specific portions of the denial of his claim which the
      Claimant requests the Company to review;

            (c) a statement by the Claimant setting forth the basis upon which
      he believes the Company should reverse the Company's previous denial of
      his claim for benefits and accept his claim as made; and

            (d) any written comments, documents, records and other information
      which the Claimant desires the Company to examine in its consideration of
      his position as stated pursuant to paragraph (c).

Claimant shall be provided, upon request and free of charge, reasonable access
to, and copies of, all documents, records, and other information relevant to the
Claimant's claim for benefits. The review of the claim will take into account
all comments, documents, records and other information submitted by the Claimant
relating to the claim, without regard to whether such information was submitted
or considered in the initial benefit determination. Within no later than 60 days
of the date determined pursuant to paragraph (a) of this Section 4.2, the
Company shall notify Claimant of the Plan's benefit determination, unless the
Company determines that special circumstances require an extension of time for
processing the claim. If the Company determines that an extension of time for
processing is required, written notice of the extension will be furnished to the
Claimant prior to the termination of the initial 60-day period. In no event
shall such extension exceed a period of 60 days from the end of the initial
period. The extension notice shall indicate the special circumstances requiring
an extension of time and the date by which the Plan expects to render the
determination on review. The Company shall provide the Claimant with a written
notification of the Plan's benefit determination on review, written in a manner
calculated to be understood by the Claimant, including the reasons and Plan
provisions upon which its decision was based, a statement that the Claimant is
entitled to receive, upon request and free of charge, reasonable access to, and
copies of, all documents, records and other information relevant to the
Claimant's claim for benefits, and a statement of the Claimant's right to bring
an action under Section 502(a) of ERISA.

                                    ARTICLE V

<PAGE>

                            AMENDMENT AND TERMINATION

            (a) Company reserves the right to amend or terminate the Plan in
      whole or in part at any time and to suspend operation of the Plan, in
      whole or in part, at any time, by resolution or written action of its
      Board of Directors or by action of a committee to which such authority has
      been delegated by the Board of Directors; provided, however, that no
      amendment shall result in the forfeiture or reduction of the interest of
      any Participant or person claiming under or through any one or more of
      them pursuant to the Plan. Any amendment of the Plan shall be in writing
      and signed by authorized individuals.

            (b) Effective December 31, 2004, this Plan is terminated with
      respect to further Supplemental Company Contributions. Benefits which have
      accrued hereunder as of December 31, 2004 shall continue to be
      administered under the terms and provisions of this Plan.

                                   ARTICLE VI

                                  MISCELLANEOUS

      6.1 Non-Alienation of Retirement Rights or Benefits. No Participant shall
encumber or dispose of his right to receive any payments hereunder, which
payments or the right thereto are expressly declared to be non-assignable and
non-transferable. If a Participant or Beneficiary attempts to assign, transfer,
alienate or encumber his right to receive any payment under the Plan or permits
the same to be subject to alienation, garnishment, attachment, execution, or
levy of any kind, then thereafter during the life of such Participant or
Beneficiary and also during any period in which any Participant or Beneficiary
is incapable in the judgment of the Company of attending to his financial
affairs, any payments which the Company is required to make hereunder may be
made, in the discretion of the Company, directly to such Participant or
Beneficiary or to any other person for his use or benefit or that of his
dependents, if any, including any person furnishing goods or services to or for
his use or benefit or the use or benefit of his dependents, if any. Each such
payment may be made without the intervention of a guardian, the receipt of the
payee shall constitute a complete acquittance to the Company with respect
thereto, and the Company shall have no responsibility for the proper allocation
thereof.

      6.2 Plan Non-Contractual. Nothing herein contained shall be construed as a
commitment or agreement on the part of any person employed by the Company to
continue his employment with the Company, and nothing herein contained shall be
construed as a commitment on the part of the Company to continue the employment
or the annual rate of compensation of any such person for any period, and all
Participants shall remain subject to discharge to the same extent as if the Plan
had never been established.

      6.3 Trust. In order to provide a source of payment for its obligations
under the Plan, the Company has established The Lubrizol Corporation Excess
Defined Contribution Plan Trust.

      6.4 Interest of a Participant. Subject to the provisions of the Trust
Agreement, the obligation of the Company under the Plan to provide a Participant
or Beneficiary with supplemental retirement benefits merely constitutes the
unsecured promise of the Company to

<PAGE>

make payments as provided herein, and no person shall have any interest in, or a
lien or prior claim upon, any property of the Company.

      6.5 Controlling Status. No Participant shall be eligible for a benefit
under the Plan unless such Participant is a Participant on the date of his
retirement, death, or other termination of employment.

      6.6 Claims of Other Persons. The provisions of the Plan shall in no event
be construed as giving any person, firm or corporation any legal or equitable
right as against the Company, its officers, employees, or directors, except any
such rights as are specifically provided for in the Plan or are hereafter
created in accordance with the terms and provisions of the Plan.

      6.7 Severability. The invalidity or unenforceability of any particular
provision of the Plan shall not affect any other provision hereof, and the Plan
shall be construed in all respects as if such invalid or unenforceable provision
were omitted herefrom.

      6.8 Governing Law. The provisions of the Plan shall be governed and
construed in accordance with the laws of the State of Ohio.

<PAGE>

                                   APPENDIX A
                                       TO
                            THE LUBRIZOL CORPORATION
                        EXCESS DEFINED CONTRIBUTION PLAN

<TABLE>
<CAPTION>
Participants(1)                         Effective Date
---------------                         --------------
<S>                                     <C>
1. W. G. Bares                          December 31, 1986
2. G. R. Hill                           December 31, 1986
3. J. R. Ahern                          April 1, 1990
4. J. W. Bauer                          April 27, 1992
5. S. F. Kirk                           April 26, 1993
6. Y. Le Couedic                        April 26, 1993
7. J. E. Hodge                          April 26, 1993
8. M. W. Meister                        April 26, 1993
9. S. A. Di Biase                       April 26, 1993
10. G. P. Lieb                          April 25, 1994
11. L. M. Reynolds                      April 24, 1995
13. C. P. Cooley                        April 1, 1998
14. D. W. Bogus                         April 1, 2000
15. J. L. Hambrick                      May 1, 2000
16. G. R. Lewis                         April 23, 2001
17. R. S. Potter                        September 4, 2001
18. J. Wanstreet                        April 22, 2002
</TABLE>

<TABLE>
<CAPTION>
Former Participants(2)
----------------------
<S>                                     <C>
1. P. L. Krug (R)
2. W. T. Beargie (R)
3. W. D. Manning (R)
4. R. W. Scher (R)
5. J. P. Arzul (D)
6. J. R. Cooper (R)
7. J. I. Rue (R)
8. R. J. Senz (T)
9. E. V. Luoma (R)
10. R. Y. K. Hsu (R)
11. L. E. Coleman (D)
12. J. G. Bulger (R)
13. D. A. Muskat (R)
14. W. R. Jones (R)
15. R. A. Andreas (R)
16. J. A. Thomas (R)
17. K. H. Hopping (R)
18. R. D. Robins (R)
</TABLE>

-------------------------

(1) This listing of Participants is limited to those Participants who are also
officers for purposes of Section 16 of the Securities Exchange Act of 1934.

(2) R = Retired, D = Deceased, T = Terminated.<PAGE>

                                                                 Exhibit (10)(f)

                            THE LUBRIZOL CORPORATION
                              PERFORMANCE PAY PLAN
                         (Formerly Variable Award Plan)

                                  (As Amended)

                                  INTRODUCTION

      The Lubrizol Corporation (hereinafter referred to as the "Corporation")
hereby amends, effective as of January 1, 1998, The Lubrizol Corporation
Performance Pay Plan (formerly The Lubrizol Corporation Variable Award Plan)
(hereinafter referred to as the "Plan") in order to provide an award for
employees which reflects the pursuit of superior performance, increased customer
satisfaction and enhancement of shareholder value. Awards for participating
employees under the Plan shall depend upon corporate performance measures as
determined by the Committee for the Plan Year.

      Except as otherwise provided, the Plan shall be administered by the
Organization and Compensation Committee (hereinafter referred to as the
"Committee") of the Board of Directors of the Corporation. The Committee shall
have conclusive authority to construe and interpret the Plan and any agreements
entered into under the Plan and to establish, amend, and rescind rules and
regulations for its administration. The Committee shall also have any additional
authority as the Board may from time to time determine to be necessary or
desirable.

                                    ARTICLE I
                                   DEFINITIONS

      1.01 Definitions. The following terms shall have the indicated meanings
for purposes of the Plan:

      (a)   "Board" shall mean the Board of Directors of the Corporation.

      (b)   "Chief Executive Officer" shall mean the chief executive officer of
            the Corporation.

      (c)   "Committee" shall mean the Organization and Compensation Committee
            of the Board, or other designated committee of the Board, consisting
            of persons who are not Employees or Foreign Employees.

      (d)   "Corporation" shall mean The Lubrizol Corporation, a corporation
            organized under the laws of the State of Ohio.

      (e)   "Director" shall mean a member of the Board.

      (f)   "Employee" shall mean any person other than an Officer, who is
            employed for a wage or salary by the Corporation or a domestic
            Subsidiary.

      (g)   "Foreign Employee" shall mean any person who is employed for a wage
            or salary by an international Subsidiary of the Corporation.

                                       1
<PAGE>

      (h)   "Foreign Participant" shall mean any Foreign Employee who has been
            selected by the Committee pursuant to Article VI of the Plan, and
            who has not for any reason become ineligible to participate in the
            Plan.

      (i)   "Individual Award" shall mean the amount paid (or to be paid) to a
            Participant or Foreign Participant, as the case may be, by the
            Corporation pursuant to the Plan.

      (j)   "Individual Performance Shares" shall have the definition, and shall
            be determined, as set forth in Section 3.02 herein.

      (k)   "Officer shall mean an employee of the Corporation or a Subsidiary
            who is a member of the Executive Council of the Corporation.

      (l)   "Participant" shall mean all Officers, and any Employee who has been
            selected by the Committee pursuant to Article II herein to
            participate in the Plan, and have not for any reason become
            ineligible to participate in the Plan.

      (m)   "Pay" shall be determined at the time of calculating the Individual
            Performance Shares and shall be determined for each Participant as
            follows:

            (i)   Add 1.0 to the decimal rate that applies in computing his
                  quarterly pay;

            (ii)  Multiply his current bi-weekly base pay by the sum determined
                  in (ii); and

            (iii) Multiply the product determined in (ii) by 26.

      (n)   "Plan" shall mean The Lubrizol Corporation Performance Pay Plan
            (formerly The Lubrizol Corporation Variable Award Plan), effective
            January 1, 1990, as amended effective January 1, 1996, as further
            amended effective January 1, 1997, and as further amended effective
            January 1, 1999, as herein set forth.

      (o)   "Plan Year" shall mean each twelve-month period commencing January 1
            and ending December 31.

      (p)   "Subsidiary" shall mean any corporation, foreign or domestic, that
            is wholly or partially (but not less than 50%) owned directly or
            indirectly by the Corporation.

      1.02 Construction. Where necessary or appropriate to the meaning of a
word, the singular shall be deemed to include the plural, the plural to include
the singular, the masculine to include the feminine, and the feminine to include
the masculine.

                                   ARTICLE II
                          ELIGIBILITY AND PARTICIPATION

      2.01 Eligibility. All Employees and Officers shall be eligible to
participate in the Plan.

      2.02 Participation. All Officers shall participate in the Plan. In
addition, the Committee shall determine which Employees shall participate in the
Plan for each Plan Year. The Committee may also determine which Employees hired
during the Plan Year shall participate in the Plan for such Plan Year. The
Committee's selection of Participants shall be after considering recommendations
presented to it by the Chief Executive Officer.

                                       2
<PAGE>

                                   ARTICLE III
                          INDIVIDUAL PERFORMANCE SHARES

      3.01 In General. At the time the Committee selects Participants for any
Plan Year, the Committee shall, after consideration of the recommendations of
the Chief Executive Officer, establish, for each Plan Year, Individual
Performance Shares for each Participant.

      3.02 Calculation of Individual Performance Shares. Individual Performance
Shares shall be calculated in the following manner:

      (a)   The Pay of each Participant shall be multiplied by a designated
            percentage which shall take into account the Participant's position
            in the Corporation. Such designated percentage shall be determined
            by the Committee.

      (b)   The product for each Participant, determined pursuant to the
            calculation in paragraph (a) above, shall be divided by the sum of
            all such amounts produced for all Participants calculated in
            accordance with paragraph (a) above.

      (c)   The quotient determined for each Participant, calculated pursuant to
            paragraph (b) above, shall be multiplied by 100 and rounded, up or
            down, to the nearer whole number to produce the number of each
            Participant's Individual Performance Shares.

      Individual Performance Shares may be either increased or decreased, at any
time, or from time to time, during a Plan Year, for any Participant at the sole
discretion of the Committee in order to reflect any change in the individual
contribution under the formula set forth in this Section 3.02.

                                   ARTICLE IV
                              DETERMINATION OF FUND

      4.01 Fund. A fund shall be accrued on a monthly basis during each Plan
Year, based upon a fixed percentage of the Corporation's monthly consolidated
net income during such Plan Year (the "Fund"), as established by the Committee,
which percentage may be increased or decreased at any time, and from time to
time, prior to the end of the Plan Year at the discretion of the Committee. The
Fund shall consist of bookkeeping accruals on the books of the Corporation and
no cash or other property shall be set aside by the Corporation for these
purposes.

      4.02 Post-Plan Year Fund Adjustment. At the beginning of each Plan Year,
corporate initiatives for the Plan Year will be categorized into corporate
performance measures and shall be presented to the Committee by the Chief
Executive Officer. In January following the Plan Year, the Chief Executive
Officer shall evaluate the outcome of the performance measures for the Plan Year
just concluded and shall present his evaluation to the Committee which the
Committee may, at its discretion, increase or decrease the amount of the Fund.

                                    ARTICLE V
                                INDIVIDUAL AWARDS

                                       3
<PAGE>

      5.01 Allocation. Each Participant's Individual Award for a Plan Year shall
be calculated in January following the close of the Plan Year and shall be an
amount determined as follows:

      (a)   Divide the total Fund, as finally approved by the Committee, by the
            total Individual Performance Shares of all Participants;

      (b)   For each Participant, multiply the amount determined in paragraph
            (a) by such Participant's Individual Performance Shares; and

      (c)   The product determined in paragraph (b) shall be the tentative
            amount of the Participant's Individual Award which may be increased
            or decreased in the sole discretion of the Committee.

      The Committee may also in its sole and unrestricted discretion determine
Individual Awards for Participants who were hired during the Plan Year. No
Participant shall have any vested interest in, or be entitled to, any Individual
Award unless and until payment is authorized by the Committee.

      5.02 Time and Method of Payment of Individual Awards. In the event the
Committee determines that a Participant is entitled to an Individual Award, the
Corporation shall pay such Individual Award to that Participant as soon after
the close of the Plan Year as may be feasible, but in no event later than thirty
30 days after the date that the Corporation releases its public announcement of
the Corporation's earnings for such Plan Year. A Participant, who leaves the
Corporation's employ after the Plan Year but prior to the payment of an
Individual Award, except in the case of retirement under the provisions of a
qualified defined benefit plan maintained by the Corporation, disability or
death, will not be eligible to receive any payment under this Plan. However, an
Individual Award may be made to such a Participant in those instances where
recommendation for such a payment has been made by the Chief Executive Officer
and approved by the Committee.

      In the event a Participant dies after the Plan Year but prior to the
payment of any Individual Award with respect to the Plan Year, any Individual
Award determined to be payable by the Committee shall be paid by the Corporation
to the Participant's estate.

      5.03 Conditions. Anything contained herein to the contrary
notwithstanding, the payment of Individual Awards to Participants with respect
to any Plan Year is conditioned upon the availability of adequate corporate
profits for the Corporation's fiscal year coinciding with any Plan Year. The
determination of whether adequate corporate profits exist shall be made by the
Board in its sole and unrestricted judgment and discretion and such
determination shall be conclusive and binding.

                                   ARTICLE VI
                          AWARDS FOR FOREIGN EMPLOYEES

      6.01 Participation. The Committee shall determine which Foreign Employees
shall participate in the Plan for each Plan Year. The Committee's selection of
Foreign Participants shall be made after considering recommendations presented
to it by the Chief Executive Officer.

      6.02 Individual Awards. At the time the Individual Awards are determined
for Participants, the Committee shall, in its discretion, after consideration of
the recommendations

                                       4
<PAGE>

of the Chief Executive Officer, establish for each Plan Year Individual Awards
for each Foreign Participant.

      6.03 Payment of Awards. Individual Awards to each Foreign Participant
shall be paid by the international Subsidiary that is the employer of such
Foreign Participant at the same time as payment is made to Participants under
Section 5.02. All payments shall be converted from the U.S. dollar measurement
under the Plan to the currency of the country of the such Subsidiary at the
currency exchange rate in effect at the time the Individual Award is determined.
All applicable withholding taxes shall be withheld from the distribution and
remitted by the international subsidiary to the appropriate taxing authority.

      6.04 Conditions.

      (a)   A Foreign Employee who leaves the international Subsidiary's employ
            after the end of the Plan Year but prior to the payment of an
            Individual Award, except in the case of retirement in accordance
            with the customary practice of such Subsidiary, disability or death,
            will not be eligible to receive any payment under this Plan.
            However, an Individual Award may be made to such a Foreign
            Participant in those instances where recommendation for such a
            payment has been made by the Chief Executive Officer and approved by
            the Committee.

      (b)   In the event a Foreign Participant dies after the Plan year but
            prior to the payment of any Individual Award with respect to the
            Plan Year, any Individual Award determined by the Committee to be
            payable, shall be paid by the international Subsidiary to the
            Foreign Participant's estate or in accordance with local laws.

                                   ARTICLE VII
                                CHANGE OF CONTROL

      7.01 Effect of Change in Control. In the event a Change in Control of the
Corporation (as defined in Section 7.02) occurs prior to final determination by
the Committee of the amounts of Individual Awards to be paid under the Plan with
respect to any Plan Year, the Committee shall calculate such Individual Awards
as soon as practicable after such Change in Control. The Fund from which
Individual Awards are to be made shall be based upon accruals by the Corporation
up to the time of such Change in Control and Individual Awards shall be
calculated in accordance with Sections 5.01 and 6.02 herein. Payment of such
Individual Awards shall be made within thirty (30) days of the date on which the
determination is made to compute the payments according to the terms of this
Section 7.01.

      7.02 For all purposes of the Plan, a "Change in Control of the
Corporation" shall have occurred if any of the following events shall occur:

      (a)   The Corporation is merged, consolidated or reorganized into or with
            another corporation or other legal person, and, as a result of such
            merger, consolidation or reorganization, less than a majority of the
            combined voting power of the then-outstanding securities of such
            surviving corporation or person entitled to vote, immediately after
            such transaction, is held in the aggregate by the holders of Voting
            Stock (as hereinafter defined) of the Corporation immediately prior
            to such transaction;

                                       5
<PAGE>

      (b)   The Corporation sells all or substantially all of its assets to any
            other corporation or other legal person, and less than a majority of
            the combined voting power of the then-outstanding securities of such
            corporation or person, immediately after such sale, is held in the
            aggregate by the holders of Voting Stock of the Corporation
            immediately prior to such sale;

      (c)   There is a report filed on Schedule 13D or Schedule 14D-1 (or any
            successor schedule, form or report), each as promulgated pursuant to
            the Securities Exchange Act of 1934, as amended (the "Exchange
            Act"), disclosing that any person (as the term "person" is used in
            Section 13(d)(3) or Section 14(d)(2) of the Exchange Act) has become
            the beneficial owner (as the term "beneficial owner" is defined
            under Rule 13(d)(3) or any successor rule or regulation promulgated
            under the Exchange Act) of securities representing 20% or more of
            the combined voting power of the then-outstanding securities
            entitled to vote generally in the election of directors of the
            Corporation ("Voting Stock");

      (d)   The Corporation files a report or proxy statement with the
            Securities and Exchange Commission pursuant to the Exchange Act
            disclosing in response to Form 8-K or Schedule 14A (or any successor
            schedule, form or report or item therein) that a change in control
            of the Corporation has or may have occurred or will or may occur in
            the future pursuant to any then-existing contract or transaction; or

      (e)   If during any period of two consecutive years, individuals who, at
            the beginning of any such period constitute the Directors of the
            Corporation, cease for any reason to constitute at least a majority
            thereof, unless the election, or the nomination for election by the
            Corporation's stockholders, of each Director of the Corporation
            first elected during such period was approved by a vote of at least
            two-thirds of the Directors of the Corporation then still in office
            who were Directors of the Corporation at the beginning of any such
            period.

      Notwithstanding the foregoing provisions, a "Change in Control" shall not
be deemed to have occurred for purposes of the Plan solely because (i) the
Corporation, (ii) an entity in which the Corporation directly or indirectly
beneficially owns 50% or more of the voting securities or (iii) any
Corporation-sponsored employee stock ownership plan or any other employee
benefit plan of the Corporation, either files or becomes obligated to file a
report or a proxy statement under or in response to Schedule 13D, Schedule
14D-1, Form 8-K or Schedule 14A (or any successor schedule, form or report or
item therein) under the Exchange Act, disclosing beneficial ownership by it of
shares of Voting Stock, whether in excess of 20% or otherwise, or because the
Corporation reports that a change in control of the Corporation has or may have
occurred or will or may occur in the future by reason of such beneficial
ownership.

                                  ARTICLE VIII
                                 ADMINISTRATION

      8.01 Plan Administrator. The Committee shall be the Plan administrator.

      8.02 Duties of Plan Administrator.

                                       6
<PAGE>

      (a)   The Committee shall administer the Plan in accordance with its terms
            and shall have all powers necessary to carry out the provisions of
            the Plan including, but not limited to, the following:

            (1)   Determination of Employees and Foreign Employees who are
                  eligible for Plan participation;

            (2)   Determination of the amount of the Fund to be distributed to
                  Participants and Foreign Participants for each Plan Year; and

            (3)   Determination of each Officer's actual Individual Award.

      (b)   The Committee shall interpret the Plan and shall resolve all
            questions arising in the administration, interpretation, and
            application of the Plan. Any such determination of the Committee
            shall be conclusive and binding on all persons.

      (c)   The Committee shall establish such procedures and keep such records
            or other data as the Committee in its discretion determines
            necessary or proper for the administration of the Plan.

      (d)   The Committee may delegate administrative responsibilities to such
            person or persons as the Committee deems necessary or desirable in
            connection with the administration of the Plan.

                                   ARTICLE IX
                                  MISCELLANEOUS

      9.01 Unfunded Plan. The Corporation shall be under no obligation to
segregate or reserve any funds or other assets for purposes relating to this
Plan and no Participant or Foreign Participant shall have any rights whatsoever
in or with respect to any funds or assets of the Corporation.

      9.02 Non-Alienation. Since a Participant or Foreign Participant does not
have any rights to any Individual Award under the Plan until the time that
payment of such Individual Award is made, no anticipated payment of any
Individual Award shall be subject in any manner to alienation, sale, transfer,
assignment, pledge, attachment, garnishment or encumbrance of any kind. If a
Participant or Foreign Participant attempts to alienate, sell, transfer, assign,
pledge or otherwise encumber any such anticipated Individual Award, or if he has
filed or will be filing for bankruptcy, the Committee in its discretion may
cause such amounts as would otherwise become payable to such Participant or
Foreign Participant at such time or times to be paid to or applied for the
benefit of such one or more of the following as the Committee in its sole and
unrestricted judgment and discretion may designate: the Participant or Foreign
Participant, his spouse, child or children, or other dependents.

      9.03 Unclaimed Payments. Should the whereabouts of any Participant or
Foreign Participant entitled to receive any Individual Award be unknown to the
Corporation, and unascertainable after reasonable inquiry by the Corporation,
for a period of two years from the date of scheduled payment of the Individual
Award, the right of such person to receive payments hereunder shall be
terminated, and the amounts which would otherwise have been payable to such
person shall be forfeited.

      9.04 Actions or Decisions with Respect to the Plan. Any decision or action
of the Corporation, the Board, or the Committee, arising out of or in connection
with the administration

                                       7
<PAGE>

and operation of this Plan, may be made or taken in their sole and unrestricted
judgment and discretion, and such decision or action shall be conclusive and
binding upon all Participants and Foreign Participants.

      9.05 No Employment Rights. Nothing herein contained shall be construed as
a commitment or agreement upon the part of any Participant, Foreign Participant,
Employee or Foreign Employee hereunder to continue his employment with the
Corporation or a Subsidiary, and nothing herein contained shall be construed as
a commitment on the part of the Corporation or any Subsidiary to continue the
employment or rate of compensation of any Participant or Foreign Participant
hereunder or any Employee or Foreign Employee for any period.

      9.06 Amendment of the Plan. The Corporation reserves the right, to be
exercised by instruction from the Committee, to modify or amend this Plan at any
time.

      9.07 Duration and Termination of the Plan. The Corporation also reserves
the right, to be exercised by action of the Board, to discontinue or terminate
the Plan; provided that, and subject to all the provisions of this plan, any
termination shall be effective only for all Plan Years following December 31 of
the plan Year in which the decision to terminate occurs. This Plan is terminated
effective December 31, 2004.

                                       8

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00075-of-00352.parquet"}]]