Document:

exv10wew2

Exhibit 10-e-2

NORDSON CORPORATION

2005 EXCESS DEFINED BENEFIT PENSION PLAN

          Nordson Corporation hereby establishes, effective as of January 1, 2005, the Nordson
Corporation 2005 Excess Defined Benefit Pension Plan (“Plan”) to supplement the pension benefits of
certain salaried employees designated by the Compensation Committee of the Board of Directors or
its designee eligible to participate in the Plan in accordance with the terms hereof, as permitted
by Section 3(36) of the Employee Retirement Income Security Act of 1974 (“ERISA”), with respect to
compensation earned for services performed by such employees for the Company or vested after
December 31, 2004. The Nordson Corporation Excess Defined Benefit Pension Plan established
effective as of November 1, 1985 (the “1985 Plan”) supplements the pension benefits of such
employees with respect to compensation earned for services performed for the Company and vested
before January 1, 2005. No provisions of this Plan shall alter, affect, or amend any provisions of
the 1985 Plan applicable to compensation earned, deferred, and vested on or before December 31,
2004.

ARTICLE I

DEFINITIONS

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

          (a) The term “Beneficiary” shall mean an Employee’s beneficiary or contingent annuitant.

          (b) The term “Company” shall mean Nordson Corporation, an Ohio corporation, its corporate
successors and the surviving corporation resulting from any merger of Nordson Corporation with any
other corporation or corporations.

          (c) The term “Employee” shall mean any person employed by the Company on a salaried basis who
is designated by the Compensation Committee of the Board of Directors or its designee to
participate in the Plan and who has not waived participation in the Plan.

          (d) The term “Plan” shall mean the excess defined benefit pension plan as set forth herein,
together with all amendments hereto, which Plan shall be called the “Nordson Corporation 2005
Excess Defined Benefit Pension Plan.”

          (e) The term “Salaried Pension Plan” shall mean the Nordson Corporation Salaried Employees
Pension Plan in effect on the date of an employee’s retirement, death, or other termination of
employment.

          (f) The term “Code” shall mean the Internal Revenue Code of 1986, 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.

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

ARTICLE II

EXCESS PENSION BENEFIT

          2.1
Eligibility. An Employee who retires, dies, or otherwise terminates his employment with
the Company under conditions which make such Employee or Beneficiary eligible for a benefit under
the Salaried Pension Plan, and whose benefits under the Salaried Pension Plan are limited by
Section 415 or Section 401(a)(17) of the Code shall be eligible for an excess pension benefit
determined by Section 2.2.

          2.2
Amount. Subject to the provisions of Article III, the monthly excess pension benefit
payable to an Employee or Beneficiary shall be such an amount which, when added to the sum of the
monthly pension payable (before any reduction applicable to an optional method of payment) under
the Salaried Pension Plan to such person plus the monthly benefit payable under the 1985 Plan to
such person, equals the monthly pension benefit that would have been payable (before any reduction
applicable to an optional method of payment) under the Salaried Pension Plan to such person if the
limitations of Section 415 and Section 401(a)(17) of the Code were not in effect.

          2.3
Payments. All payments under the Plan to an Employee or Beneficiary shall be made by the
Company from its general assets. The terms of payment of the excess pension benefit shall be
identical to those specified in the Salaried Pension Plan for the type of benefit the Employee or
Beneficiary receives under the Salaried Pension Plan; provided, however, that the payment of a
benefit under the Plan with respect to a “key employee” of the Company, within the meaning of
Section 416(i)(1) of the Code, shall not be made within six months following his separation of
service from the Company, except in the event of death.

ARTICLE III

OPTIONAL METHODS OF PAYMENT

          Payment of the excess pension benefit to an Employee or Beneficiary shall be made in
accordance with the terms and provisions of any method of payment under the Salaried Pension Plan
whether by option or by operation of law, applicable to such Employee or Beneficiary, or in a lump
sum payment. The amount of the excess pension benefit payable to an Employee or Beneficiary shall
be reduced to reflect any such optional method of payment. In making the determination and
reductions provided for in this Article III, the Company may rely upon calculations made by the
independent actuaries for the Salaried Pension Plan, who shall apply the assumptions then in use in
connection with the Salaried Pension Plan.

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ARTICLE IV

ADMINISTRATION

          The Company shall be responsible for the general administration of the Plan, for carrying out
its provisions, and for making any required excess benefit payments. The Company shall have any
powers as may be necessary to administer and carry out the provisions of the Plan. Actions taken
and decisions made by the Company shall be final and binding upon all interested parties. In
accordance with the provisions of Section 503 of ERISA, the Company shall provide a procedure for
handling claims of Employees and Beneficiary for benefits under the Plan. The procedure shall be
in accordance with regulations issued by the Secretary of Labor and provide adequate written notice
within a reasonable period of time with respect to a claim denial. The procedure shall also
provide for a reasonable opportunity for a full and fair review by the Company of any claim denial.
The Company shall be the “administrator” for purposes of ERISA.

ARTICLE V

AMENDMENT AND TERMINATION

          The Company reserves the right to amend or terminate the Plan at any time by action of its
Board of Directors. No such action shall, however, adversely affect any Employee or Beneficiary
who is receiving excess pension benefits under the Plan, unless an equivalent benefit is provided
under the Salaried Pension Plan or another plan sponsored by the Company. The Company specifically
reserves the right to amend the Plan to conform the provisions of the Plan to the guidance issued
by the Secretary of the Treasury with respect to Section 409A of the Code, in accordance with such
guidance.

ARTICLE VI

MISCELLANEOUS

          6.1
Non-Alienation of Retirement Rights or Benefits. Employees or Beneficiaries are not
permitted to assign, transfer, alienate or otherwise encumber the right to receive payments under
the Plan. Any attempt to do so or to permit the payments to be subject to garnishment, attachment
or levy of any kind will permit the Company to make payments directly to and for the benefit of the
Employee, Beneficiary or any other person. 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 to any payments, and the Company shall have no responsibility for the proper
application of any payment.

          6.2
Incapacity. The Company shall be permitted to make payments in the same manner as
provided for in Section 6.1 if in the judgment of the Company, an Employee or Beneficiary is
incapable of attending to his financial affairs.

          6.3
Plan Non-Contractual. This Plan shall not be construed as a commitment or agreement on
the part of any person employed by the Company to continue his employment

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with the Company, nor shall it 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. All Employees shall remain subject
to discharge to the same extent as if the Plan had never been established.

          6.4
Interest of Employee. The obligation of the Company under the Plan to provide an Employee
or Beneficiary with an excess pension benefit merely constitutes the unsecured promise of the
Company to 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 Employee or Beneficiary shall be eligible for a benefit under the
Plan unless such Employee is an Employee 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
No Competition. The right of any Employee or Beneficiary to an excess pension benefit
will be terminated, or, if payment thereof has begun, all further payments will be discontinued and
forfeited in the event the Employee or Beneficiary at any time subsequent to the effective date
hereof:

          (i) wrongfully discloses any secret process or trade secret of the Company or any of
its subsidiaries, or

(ii) becomes involved directly or indirectly as an officer, trustee, employee,
consultant, partner, or substantial shareholder, on his own account or in any other
capacity, in a business venture that within the two-year period following his
retirement or termination of employment of the Employee, the Company’s Board of
Directors determines to be competitive with the Company.

          6.8
Severability. The invalidity or unenforceability of any particular provision of the Plan
shall not effect any other provision hereof, and the Plan shall be construed in all respects as if
such invalid or unenforceable provision were omitted therefrom.

          6.9
Governing Law. The provisions of the Plan shall be governed and construed in accordance
with the laws of the State of Ohio.

          6.10
No Acceleration of Benefits. The acceleration of the time or schedule of any payment
under the Plan is not permitted, except as provided in regulations by the Secretary of the
Treasury.

          6.11
Compliance with Section 409A of the Code. The Plan is intended to provide for the
deferral of compensation in accordance with the provisions of Section 409A of the Code, for
compensation earned, vested, or deferred after December 31, 2004.

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Notwithstanding any provisions
of the Plan to the contrary, no benefit shall be paid under the Plan in a manner that would result
in the taxation of any amount under Section 409A of the Code.

ARTICLE VII

SPECIAL CONTINGENT SUPPLEMENT

          7.1 Eligibility. Each Employee who has in effect a written employment agreement with the
Company with provisions designed to become effective upon a change in control shall be eligible for
a Special Contingent Supplemental Benefit (“SCSB”), provided that on the date any change in control
occurs under the terms of such employment agreement the Employee has completed 10 years of Vesting
Service with the Company and attained age 55.

          7.2 Amount and Payment. The SCSB shall be payable to the eligible Employee for each month
after the date of his retirement or other termination of employment following a change in control
entitling him to benefits under an employment agreement and during his lifetime in which the
Company (including any of its successors) fails to provide such Employee with coverage under a
program of medical benefit coverage substantially the same as that in effect with respect to
retired employees of the Company or its successors immediately prior to the change in control.

     The amount of each monthly SCSB benefit payment shall be $750.

     EXECUTED this _____________ day of
_________________, 2004.

	 	 	 	 	 	 	 
	 	 	NORDSON CORPORATION	 	 
	 
	 	 	 	 	 	 
	 

	 	By:	 	 	 	 
	 
	 

	 	Title:
	 	 	 	 

5exv10wf

Exhibit 10-f

[Nordson Corporation Letterhead]                      April 7, 1988

CONFIDENTIAL

Mr. Edward P. Campbell

1700 Queen Anne’s Gate

Westlake, Ohio 44145

Dear Ed:

I am pleased to confirm my offer to you for the position of Vice President,
Corporate Development for Nordson Corporation. In this key position, you will
report directly to me. Your initial compensation and benefit package will be as
follows:

COMPENSATION

BASE SALARY

Your initial base salary will be ONE HUNDRED FIFTY THOUSAND DOLLARS
($150,000) PER YEAR. Your Base Salary will be reviewed on November 1,
1988 and yearly thereafter, coinciding with an annual performance
review.

BONUS — A target bonus of fifty-five percent (55%) of Base Salary has
been established for your position under the Nordson Executive
Incentive Bonus Plan. As we discussed should you accept this offer, you
will be guaranteed the amount of the target Bonus for Fiscal Year 1988,
which ends October 30, 1988, prorated for the part of Fiscal Year 1988
in which you are employed by Nordson. As with all bonuses paid under
the Plan, payment will be made in cash not later than the first payroll
date in January following the end of a Fiscal Year.

STOCK

In our discussions, I have stressed the goals for the Corporation. Achievement
of these goals enhances the value of Nordson Common Stock. Your participation as
a member of my team allows you to contribute to the achievement of these goals
and share in the increased value of our stock as a reward for your efforts.

RESTRICTED STOCK

You will be granted 3,000 shares of Restricted Nordson Common Stock
when you commence your employment. Upon expiration of a three-year
restriction period, you will have full right, title and interest in the
Stock provided you are still an active Nordson employee. Under the
Restricted Stock Plan, you relinquish right, title and interest in the
Stock if your employment terminates prior to the expiration of the
restriction period.

INCENTIVE STOCK OPTIONS — Effective on your first day of employment,
you will be entitled to an Incentive Stock Option on 3,000 shares of
Nordson Common Stock. The option price will be established on your
first day of employment in accordance with the Incentive Stock Option
Plan.

 

 

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The Stock Options have a ten-year exercise period and will become
exercisable in cumulative installments of 25% per year beginning one
year after the effective date.

NON-QUALIFIED STOCK OPTIONS — Effective on your first day of
employment, you will be entitled to a Non-qualified Stock Option on
4,000 shares of Nordson Common Stock. The option price will be
established on your first day of employment in accordance with the
terms of the Plan. The options will become exercisable in cumulative
installments of 25% per year beginning one year after the effective
date and will expire ten years after the effective date.

CAR ALLOWANCE

You will be entitled to an Executive Automobile Allowance in the amount of Eight
Thousand Dollars ($8,000) per year, payable in quarterly installments.

PENSION PLAN

You will be a participant in the Nordson Corporation Salaried Employees’ Pension
Plan. Your pension benefit will be equal to the benefit you quality for under
this Pension Plan described in the attached booklet, but modified by the
following in view of your prior service with The Standard Oil Company/BP
America.

	1.	 	Your prior service with The Standard Oil Company/BP America will be
recognized in determining vesting and the amount of your pension
benefit.
	 
	2.	 	Your “Final Average Pay” will be determined as the average of your
monthly compensation during your 36 consecutive highest-paid months
(instead of 60).
	 
	3.	 	You will be eligible for a full pension benefit at age 60 instead of
age 65. You will be eligible for early retirement at age 55 with a
reduction of 5% per year for each year that actual retirement occurs
prior to age 60.
	 
	4.	 	If your employment with Nordson terminates for any reason other than
disability or death prior to retirement at age 55, your pension benefit
will be equal to the benefit you would have received if you had
remained employed by The Standard Oil Company/BP America calculated
using your total years of service at The Standard Oil Company/BP
America and Nordson.
	 
	5.	 	The benefit you qualify for under the Nordson Pension Plan will be
reduced by any pension benefit payment you receive from The Standard
Oil Company/BP America.

OTHER BENEFITS

You will be entitled to Nordson Corporation’s
benefit package normally offered to executive at the Vice President level. They include the following:

Medical, Dental and Life Insurance Plans

Disability Income (Long-term disability coverage will commence
upon your first day of employment. We are waiving the
customary waiting period for this benefit.)

Employee Stock Ownership Plan and Stock Purchase Plan

Nordson Employees’ Savings Trust Plan (401K)

 

 

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Four weeks annual paid vacation

Officers Deferred Compensation Plan

Supplemental Executive Retirement Plan

This offer is contingent upon your completion of a physical examination and the
signing of Nordson Corporation’s Employee Agreement. We have enclosed a copy of
the Employee Agreement for your review. If you have any questions concerning
this Agreement, please feel free to discuss them with me. This Agreement is to
be signed in the presence of a member of the Human Resource Department on the
first day of your employment. It will also be necessary for you to complete the
enclosed Nordson Employee Application and bring it with you on your first day of
work.

On behalf of Nordson Corporation, I want you to know I feel you can contribute
significantly towards the growth and success of the Company. We believe that you
will find the position of Vice President, Corporate Development stimulating,
challenging and rewarding.

	 	 	 	 	 

	 

	 	Sincerely.	 	 
	 
	 	 	 	 
	 

	 	/s/ W. P. Madar
 

     W. P. Madar
	 	 

WPM:

Enclosures

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