Document:

Exhibit 10(e)

                              Amended and Restated
                              Snap-on Incorporated
                            Directors' 1993 Fee Plan
                            ------------------------
                      (as amended through January 25, 2002)

     1. Purpose. The Amended and Restated Snap-on Incorporated Directors' 1993
Fee Plan (the "Plan") is intended to provide an incentive to members of the
Board of Directors (the "Board") of Snap-on Incorporated, a Delaware corporation
(the "Company"), who are not employees of the Company ("Directors"), to remain
in the service of the Company and increase their efforts for the success of the
Company and to encourage such Directors to own shares of the Company's stock or
participate in a Company phantom stock account, thereby aligning their interests
more closely with the interests of stockholders.

     2. Definitions.

          (a) "Board" means the Board of Directors of the Company.

          (b) "Committee" means a committee consisting of members of the Board
authorized to administer the Plan.

          (c) "Common Stock" means the common stock, par value $1.00 per share,
of the Company.

          (d) "Deferral Election" means an election pursuant to Section 6 hereof
to defer receipt of Fees and/or shares of Common Stock which would otherwise be
received pursuant to Minimum Grants and Elective Grants.

          (e) "Deferred Amounts" mean the amounts credited to a Director's Share
Account or Cash Account pursuant to a Deferral Election.

          (f) "Director" means a member of the Board or an appointed Director
Emeritus, who is not an employee of the Company.

          (g) "Elective Grants" shall have the meaning set forth in Section 5(b)
hereof.

          (h) "Exchange Act" means the Securities Exchange Act of 1934, as
amended.

          (i) "Fair Market Value" means the closing price of the Common Stock on
the New York Stock Exchange on any particular date; provided, however, that for
purposes of Section 8, Fair Market Value shall mean the closing price of Common
Stock on the New York Stock Exchange on the date of the Change of Control (as
defined therein) or, if higher, the highest price per share of Common Stock paid
in the transaction giving rise to the Change of Control.

          (j) "Fees" mean the annual retainer scheduled to be paid to a Director
for the calendar year plus any additional fees (including meeting and committee
fees) earned by a Director for his or her services on the Board during the
calendar year.
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          (k) "Grants" mean Minimum Grants and Elective Grants.

          (l) "Minimum Grants" shall have the meaning set forth in Section 5(a)
hereof.

          (m) "Share Election" shall have the meaning set forth in Section 5(b)
hereof.

     3. Administration of the Plan.

          (a) Member of the Committee. The Plan shall be administered by the
Committee. Members of the Committee shall be appointed from time to time by the
Board, shall serve at the pleasure of the Board and may resign at any time upon
written notice to the Board.

          (b) Authority of the Committee. The Committee shall adopt such rules
as it may deem appropriate in order to carry out the purpose of the Plan. All
questions of interpretation, administration, and application of the Plan shall
be determined by a majority of the members of the Committee then in office,
except that the Committee may authorize any one or more of its members, or any
officer of the Company, to execute and deliver documents on behalf of the
Committee. The determination of such majority shall be final and binding in all
matters relating to the Plan. No member of the Committee shall be liable for any
act done or omitted to be done by such member or by any other member of the
Committee in connection with the Plan, except for such member's own willful
misconduct or as expressly provided by statute.

     4. Stock Reserved for the Plan. The number of shares of Common Stock
authorized for issuance under the Plan is 300,000, subject to adjustment
pursuant to Section 7 hereof. Shares of Common Stock delivered hereunder may be
either authorized but unissued shares or previously issued shares reacquired and
held by the Company.

     5. Terms and Conditions of Grants.

          (a) Minimum Grant. Subject to Section 5(e) hereof, each Director shall
automatically receive (subject to a Deferral Election) a number of whole shares
of Common Stock equal in value to fifty percent (50%) of his or her Fees earned
in each calendar year (the "Minimum Grants"). Such shares of Common Stock (and
cash in lieu of fractional shares) shall be transferred in accordance with
Section 5(c) hereof.

          (b) Elective Grant. Subject to Section 5(e) hereof, each Director may
make an election (the "Share Election") to receive (subject to a Deferral
Election) any or all of his or her remaining Fees earned in each calendar year
in the form of Common Stock (the "Elective Grants"). The shares of Common Stock
(and cash in lieu of fractional shares) issuable pursuant to a Share Election
shall be transferred in accordance with Section 5(c) hereof. The Share Election
(i) must be in writing and delivered to the Secretary of the Company, (ii) shall
be effective commencing on the date the Secretary receives the Share Election or
such later date as may be specified in the Share Election, and (iii) shall
remain in effect unless modified or revoked by a subsequent Share Election in
accordance with the provisions hereof.

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<PAGE>

          (c) Transfer of Shares. Shares of Common Stock issuable to a Director
with respect to Minimum Grants and Elective Grants shall be transferred to such
Director as of the last business day of each calendar month. The total number of
shares of Common Stock to be so transferred (1) in respect of a Minimum Grant,
shall be determined by dividing (a) an amount equal to fifty percent (50%) of
the Director's Fees payable during the applicable calendar month, by (b) the
Fair Market Value of a share of Common Stock on the last business day of such
calendar month, and (2) in respect of an Elective Grant, shall be determined by
dividing (x) the dollar amount of the Director's Fees payable during the
applicable calendar month to which the Share Election applies, by (y) the Fair
Market Value of a share of Common Stock on the last business day of such
calendar month. In no event, shall the Company be required to issue fractional
shares. Whenever under the terms of this Section 5 a fractional share of Common
Stock would otherwise be required to be issued to a Director, an amount in lieu
thereof shall be paid in cash based upon the Fair Market Value of such
fractional share.

          (d) Termination of Services. If a Director's services as a Board
member are terminated before the end of a calendar quarter, the Director shall
receive in cash the Fees such Director would otherwise have been entitled to
receive for such quarter in the absence of this Plan.

          (e) Commencement of Grants. Notwithstanding anything in this Plan to
the contrary, no Grants shall be effective with respect to Fees to be paid prior
to the requisite approval of this Plan by the stockholders of the Company.

     6. Deferral Election.

          (a) In General. Each Director may irrevocably elect annually (a
"Deferral Election") to defer receiving all or a portion of the shares of Common
Stock (that would otherwise be transferred upon a Grant) or such Director's Fees
in respect of a calendar year that are not subject to a Grant. Deferral
Elections shall be made in multiples of ten percent. A Director who makes a
Deferral Election with respect to Grants shall have the amount of deferred
shares of Common Stock credited to a "Share Account" in the form of "Share
Units." A Director who makes a Deferral Election with respect to Fees that are
not subject to a Grant shall have the amount of Deferred Fees credited to a
"Cash Account." Collectively, the amounts deferred in a Director's Share Account
and Cash Account shall hereafter be the "Deferred Amounts."

          (b) Timing of Deferral Election. The Deferral Election shall be in
writing and delivered to the Secretary of the Company on or prior to December 31
of the calendar year immediately preceding the calendar year in which the
applicable Fees are to be earned; provided, however, that a New Director may
make a Deferral Election with respect to Fees earned subsequent to such election
during the thirty-day period immediately following the commencement of his or
her directorship. A Deferral Election, once made, shall be irrevocable for the
calendar year with respect to which it is made and shall remain in effect for
future calendar years unless modified or revoked by a subsequent Deferral
Election in accordance with the provisions hereof. A Deferral Election may be
changed only with respect to fees earned subsequent to the effective date of
such Election; provided, however,

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until December 31, 1999, Directors may execute a new Deferral Election to change
the payment commencement date and/or manner of payments for previously Deferred
Amounts.

          (c) Cash Dividends and Share Accounts. Whenever cash dividends are
paid by the Company on outstanding Common Stock, there shall be credited to the
Director's Share Account additional Share Units equal to (i) the aggregate
dividend that would be payable on outstanding Shares of Common Stock equal to
the number of Share Units in such Share Account on the record date for the
dividend, divided by (ii) the Fair Market Value of the Common Stock on the last
trading business day immediately preceding the date of payment of the dividend.

          (d) Cash Accounts. At the election of a Director, a Director's Cash
Account shall be credited or debited with (i) interest at an annual rate equal
to the sum of the daily interest earned at a rate specified by the Committee and
compounded monthly or (ii) the annual investment return relating to such
investment vehicle or vehicles that the Director chooses from those the
Committee determines to make available, or such combination of (i) and (ii) as
the Director designates at the time of a Deferral Election or a modification
thereof.

          (e) Commencement of Payments. Except as otherwise provided in Sections
6(h) and 8(b), a Director's Deferred Amounts shall become payable as soon as
practicable following the earlier to occur of (a) the date the Director
terminates service as a Director or (b) the Director's attainment of age 70
years or such later date designated by the Director in the Deferral Election.

          (f) Form of Payments. Subject to a Director's right to convert a Share
Account balance to a Cash Account, all payments from a Share Account shall be
made in shares of Common Stock by converting Share Units into Common Stock on a
one-for-one basis, with payment of fractional shares to be made in cash. All
payments from a Cash Account shall be made in cash.

          (g) Manner of Payments. In his or her Deferral Election, each Director
shall elect to receive payment of his or her Deferred Amounts either in a lump
sum or in two to fifteen substantially equal annual installments. In the event
of a Director's death, payment of the remaining portion of the Director's
Deferred Amounts will be made to the Director's beneficiary in a lump sum as
soon as practicable following the Director's death.

          (h) Hardship Distribution. Notwithstanding any Deferral Election, in
the event of severe financial hardship to a Director resulting from a sudden and
unexpected illness, accident or disability of the Director or other similar
extraordinary and unforeseeable circumstances arising as a result of events
beyond the control of the Director, all as determined by the Committee, a
Director may withdraw any portion of the Share Units in his or her Share Account
or cash in his or her Cash Account by providing written notice to the Secretary
of the Company. All payments resulting from such a hardship shall be made in the
form provided in Section 6(f) above.

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          (i) Designation of Beneficiary. Each Director or former Director
entitled to payment of deferred amounts hereunder from time to time may
designate any beneficiary or beneficiaries (who may be designated concurrently,
contingently or successively) to whom any such deferred amounts are to be paid
in case of the Director's death before receipt of any or all of such deferred
amounts. Each designation will revoke all prior designations by the Director or
former Director, shall be in a form prescribed by the Company, and will be
effective only when filed by the Director or former Director, during his or her
lifetime, in writing with the Secretary of the Company. Reference in this Plan
to a Director's "beneficiary" at any date shall include such persons designated
as concurrent beneficiaries on the Director's beneficiary designation form then
in effect. In the absence of any such designation, any balance remaining in a
Director's or former Director's Share Account at the time of the Director's
death shall be paid to such Director's estate in a lump sum.

          (j) Account Transfers. Subject to any applicable corporate policies,
from time to time a Director may convert all or a portion of any Cash Account
balance of the Director into deferred shares of Common Stock credited to the
Director's corresponding Share Account by written notice to the Company. In such
event, and effective as of the date the Company receives such a notice, (i)
there shall be credited to the Director's Share Account a number of Share Units
equal to the number of Share Units specified in the notice or, if such notice
specifies a dollar amount, a number of Share Units equal to such dollar amount
divided by the Fair Market Value on the last trading business day immediately
preceding the date the Company receives such notice and (ii) the Director's Cash
Account shall be debited in an amount equal to the number of Share Units
credited to the Share Account multiplied by the Fair Market Value on the same
trading business day. Subject to any applicable corporate policies, from time to
time a Director with a credit balance in a Share Account may convert all or a
portion of such balance into an amount to be credited to the Director's
corresponding Cash Account by giving written notice to the Company. In such
event, and effective as of the date the Company receives such a notice, (i)
there shall be credited to the Director's Cash Account an amount equal to the
number of Share Units specified in the notice multiplied by the Fair Market
Value on the last trading business day immediately preceding the date the
Company receives such notice and (ii) the Director's Share Account shall be
debited by the number of Share Units specified in the notice.

     7. Changes in Capitalization. In the event of any Change in Capitalization,
a proportionate substitution or adjustment may be made in (i) the aggregate
number and/or kind of shares or other property reserved for issuance under the
Plan, (ii) the number and kind of shares or other property to be delivered under
the Plan and (iii) the number and kind of shares or other property held in each
Director's Share Account, in each case as may be determined by the Committee in
its sole discretion. Such other proportionate substitutions or adjustments may
be made as shall be determined by the Committee in its sole discretion. "Change
in Capitalization" means any increase, reduction, change or exchange of shares
of Common Stock for a different number or kind of shares or other securities or
property by reason of a reclassification, recapitalization, merger,
consolidation, reorganization, issuance of warrants or rights, stock dividend,
stock split or reverse stock split, combination or exchange of shares,
repurchase of shares, change in corporate structure or otherwise; or any other
corporate action, such as declaration of a special dividend, that affects the
capitalization of the Company.

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<PAGE>

     8. Change of Control.

          (a) For purposes of this Plan, a "Change of Control" shall be deemed
to have occurred on the first to occur of any one of the events set forth in the
following paragraphs:

               (1) any Person is or becomes the Beneficial Owner, directly or
          indirectly, of securities of the Company (not including in the
          securities Beneficially Owned by such Person any securities acquired
          directly from the Company or its Affiliates) representing 25% or more
          of either the then outstanding shares of common stock of the Company
          or the combined voting power of the Company's then outstanding voting
          securities, excluding any Person who becomes such a Beneficial Owner
          in connection with a transaction described in clause (i) of paragraph
          (3) below; or

               (2) the following individuals cease for any reason to constitute
          a majority of the number of directors then serving: individuals who,
          on January 25, 2002, constitute the Board and any new director (other
          than a director whose initial assumption of office is in connection
          with an actual or threatened election contest, including but not
          limited to a consent solicitation, relating to the election of
          directors of the Company as such terms are used in Rule 14a-11 of
          Regulation 14A under the Exchange Act) whose appointment or election
          by the Board or nomination for election by the Company's stockholders
          was approved or recommended by a vote of at least two-thirds (2/3) of
          the directors then still in office who either were directors on
          January 25, 2002 or whose appointment, election or nomination for
          election was previously so approved or recommended; or

               (3) there is consummated a merger or consolidation of the Company
          or any direct or indirect subsidiary of the Company with any other
          corporation, other than (i) a merger or consolidation which would
          result in the voting securities of the Company outstanding immediately
          prior to such merger or consolidation continuing to represent (either
          by remaining outstanding or by being converted into voting securities
          of the surviving entity or any parent thereof) at least 60% of the
          combined voting power of the voting securities of the Company or such
          surviving entity or any parent thereof outstanding immediately after
          such merger or consolidation, or (ii) a merger or consolidation
          effected to implement a recapitalization of the Company (or similar
          transaction) in which no Person is or becomes the Beneficial Owner,
          directly or indirectly, of securities of the Company (not including in
          the securities Beneficially Owned by such Person any securities
          acquired directly from the Company or its Affiliates) representing 25%
          or more of either the then outstanding shares of common stock of the
          Company or the combined voting power of the Company's then outstanding
          voting securities; or

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<PAGE>

               (4) the stockholders of the Company approve a plan of complete
          liquidation or dissolution of the Company or there is consummated an
          agreement for the sale or disposition by the Company of all or
          substantially all of the Company's assets (in one transaction or a
          series of related transactions within any period of 24 consecutive
          months), other than a sale or disposition by the Company of all or
          substantially all of the Company's assets to an entity, at least 75%
          of the combined voting power of the voting securities of which are
          owned by stockholders of the Company in substantially the same
          proportions as their ownership of the Company immediately prior to
          such sale.

          Notwithstanding the foregoing, no "Change of Control" shall be deemed
to have occurred if there is consummated any transaction or series of integrated
transactions immediately following which the record holders of the common stock
of the Company immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity
which owns all or substantially all of the assets of the Company immediately
following such transaction or series of transactions.

          For purposes of the definition of Change of Control, "Affiliate" shall
have the meaning set forth in Rule 12b-2 promulgated under Section 12 of the
Exchange Act; "Beneficial Owner" shall have the meaning set forth in Rule 13d-3
under the Exchange Act; and "Person" shall have the meaning given in Section
3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and 14(d)
thereof, except that such term shall not include (i) the Company or any of its
subsidiaries, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any of its Affiliates, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities, (iv) a corporation owned, directly or indirectly, by the
shareholders of the Company in substantially the same proportions as their
ownership of stock of the Company or (v) any individual, entity or group which
is permitted to, and actually does, report its Beneficial Ownership on Schedule
13G (or any successor schedule); provided that if any such individual, entity or
group subsequently becomes required to or does report its Beneficial Ownership
on Schedule 13D (or any successor schedule), such individual, entity or group
shall be deemed to be a Person for purposes hereof on the first date on which
such individual, entity or group becomes required to or does so report
Beneficial Ownership of all of the voting securities of the Company Beneficially
Owned by it on such date.

          (b) Upon the occurrence of a Change of Control, notwithstanding any
provision of this Plan to the contrary,

               (i) all Share Units credited to a Share Account shall be
converted into an amount equal to the number of Share Units multiplied by the
Fair Market Value, which amount shall be (1) transferred as soon as possible to
each Director and (B) denominated in (i) such form of consideration as the
Director would have received had the Director been the owner of record of such
shares of Common Stock at the time of such Change of Control, in the case of a
"Change of Control With Consideration" or (2) cash, in the case of a "Change of
Control Without Consideration"; and

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<PAGE>

               (ii) fees earned in respect of the calendar quarter in which the
Change of Control occurs, together with all Deferred Amounts credited to a Cash
Account, shall be transferred as soon as practicable in cash to each Director.

          For purposes of this Section 8, (I) "Change of Control With
Consideration" shall mean a Change of Control in which shares of Common Stock
are exchanged or surrendered for shares, cash or other property and (II) "Change
of Control Without Consideration" shall mean a Change of Control pursuant to
which shares of Common Stock are not exchanged or surrendered for shares, cash
or other property.

     9. Term of Plan. This Plan shall become effective as of the date of
approval of the Plan by the stockholders of the Company, and shall remain in
effect until a Change of Control, unless sooner terminated by the Board;
provided, however, that, except as provided in Section 8(b) hereof, Deferred
Amounts may be delivered pursuant to any Deferral Election, in accordance with
such election, after the Plan's termination. Prior to the effective date of the
Plan, Directors may make the elections provided for herein, but the
effectiveness of such elections shall be contingent upon the receipt of
stockholder approval of the Plan. No transfer of shares of Common Stock may be
made to any Director or any other person under the Plan until such time as
stockholder approval of the Plan is obtained pursuant to this Section 9. In the
event stockholder approval is not obtained, Fees that were not subject to
Deferral Elections shall be paid to the Directors in cash and Fees that were
subject to Deferral Elections shall be deferred pursuant to the Prior Plan.

     10. Amendment; Termination. The Board or the Committee may at any time and
from time to time alter, amend, suspend, or terminate the Plan in whole or in
part; provided, however, that (a) no amendment which requires stockholder
approval in order for the exemptions available under Rule 16b-3 of the Exchange
Act, as amended from time to time ("Rule 16b-3"), to be applicable to the Plan
and the Directors shall be effective unless the same shall be approved by the
stockholders of the Company entitled to vote thereon; (b) the provisions of
Section 5(a) hereof shall not be amended more than once every six months, other
than to comport with changes in the Internal Revenue Code of 1986, as amended,
the Employee Retirement Income Security Act of 1974, as amended, or the rules
thereunder; and (c) action by the Board shall be required to amend the first
sentence of Section 5(a) hereof. Notwithstanding the foregoing, no amendment
shall affect adversely any of the rights of any Director, without such
Director's consent, under any election theretofore in effect under the Plan.

     11. Rights of Directors.

          (a) Retention as Director. Nothing contained in the Plan or with
respect to any Grant shall interfere with or limit in any way the right of the
stockholders of the Company to remove any Director from the Board pursuant to
the bylaws of the Company, nor confer upon any Director any right to continue in
the service of the Company as a Director.

          (b) Nontransferability. No right or interest of any Director in
Deferred Amounts shall be assignable or transferable during the lifetime of the
Director, either

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<PAGE>

voluntarily or involuntarily, or subjected to any lien, directly or indirectly,
by operation of law, or otherwise, including execution, levy, garnishment,
attachment, pledge or bankruptcy. In the event of a Director's death, a
Director's rights and interests in his or her Deferred Amounts shall be
transferable by testamentary will or the laws of descent and distribution. If in
the opinion of the Committee a person entitled to payments or to exercise rights
with respect to the Plan is disabled from caring for his or her affairs because
of mental condition, physical condition or age, payment due such person may be
made to, and such rights shall be exercised by, such person's guardian,
conservator or other legal personal representative upon furnishing the Committee
with evidence satisfactory to the Committee of such status.

     12. General Restrictions.

          (a) Investment Representations. The Company may require any director
to whom Common Stock is granted, as a condition of receiving such Common Stock,
to give written assurances in substance and form satisfactory to the Company and
its counsel to the effect that such person is acquiring the Common Stock for his
own account for investment and not with any present intention of selling or
otherwise distributing the same, and to such other effects as the Company deems
necessary or appropriate in order to comply with Federal and applicable state
securities laws.

          (b) Compliance with Securities Laws. Each Grant shall be subject to
the requirement that, if at any time counsel to the Company shall determine that
the listing, registration or qualification of the shares subject to such Grant
upon any securities exchange or under any state or federal law, or the consent
or approval of any governmental or regulatory body, is necessary as a condition
of, or in connection with, the issuance of shares thereunder, such Grant may not
be accepted or exercised in whole or in part unless such listing, registration,
qualification, consent or approval shall have been effected or obtained on
conditions acceptable to the Committee. Nothing herein shall be deemed to
require the Company to apply for or to obtain such listing, registration or
qualification.

     13. Withholding. The Company may defer making payments under the Plan until
satisfactory arrangements have been made for the payment of any federal, state
or local income taxes required to be withheld with respect to such payment or
delivery. Each Director shall be entitled to irrevocably elect to have the
Company withhold shares of Common Stock having an aggregate value equal to the
amount required to be withheld. The value of fractional shares remaining after
payment of the withholding taxes shall be paid to the Director in cash. Shares
so withheld shall be valued at Fair Market Value on the regular business day
immediately preceding the date such shares would otherwise be transferred
hereunder.

     14. Governing Law. This Plan and all rights hereunder shall be construed in
accordance with and governed by the laws of the State of Delaware.

     15. Headings. The headings of sections and subsections herein are included
solely for convenience of reference and shall not affect the meaning of any of
the provisions of the Plan.

                                       9Exhibit 10(f)

                              SNAP-ON INCORPORATED
                              --------------------
                    SUPPLEMENTAL RETIREMENT PLAN FOR OFFICERS
                    -----------------------------------------
                          (As amended January 1, 2001)

SECTION 1 --INTRODUCTION
------------------------

     1.1 SNAP-ON INCORPORATED SUPPLEMENTAL RETIREMENT PLAN FOR OFFICERS (the
"Plan") was originally established by Snap-on Incorporated for the benefit of
eligible employees of that corporation and its subsidiaries that adopted the
Plan with that corporation's consent (1/28/94, effective 4/22/94). The Plan is
intended to constitute an unfunded "excess benefit plan" as defined in Section
3(36) of the Employee Retirement Income Security Act of 1974 ("ERISA") and an
unfunded Plan maintained primarily for the purpose of providing deferred
compensation for a select group of management or highly compensated employees as
defined in Section 201(2) of ERISA (6/28/91). Benefits payable from the Plan
will be paid solely from the general assets of the Corporation or other
employers under the Plan.

     1.2 Effective Date. The "effective date" of the Plan as originally set
forth is August 26, 1983, and the amended version set forth below is effective
January 1, 2001, except that the provisions relating to Elections (as defined
below) shall be effective December 31, 2000.

     1.3 Employers. The term "Corporation" means Snap-on Tools Corporation until
such date that name "Snap-on Tools Corporation" is changed to "Snap-on
Incorporated" by shareholder approval, and on such date "Corporation" shall mean
Snap-on Incorporated or any successor thereto. The Corporation and any
subsidiary of the Corporation which adopts the Plan with the consent of the
Corporation is referred to herein individually as an "employer" and collectively
as the "employers" (1/28/94, effective 4/22/94).

     1.4 Purpose. The Plan has been established to supplement retirement
benefits provided by the Snap-on Incorporated Retirement Plan ("SIRP") in the
event that benefits provided under the SIRP are limited by the benefit
restrictions imposed under ERISA and/or limited due to participation in Snap-on
Incorporated Deferred Compensation Plan. Notwithstanding any provisions hereof
to the contrary, the Corporation intends that the Supplemental Benefits of each
Participant who was an active employee on October 26, 2001 shall be determined
in a manner consistent with the materials provided to each such Participant in
connection with his Retirement Program Choice Election Form and subject to the
understandings, information, representations, and acknowledgements to which each
such Participant certified on such Form, and the Corporation is authorized, in
its sole discretion, to interpret, to construe, and to recommend to the Board of
Directors the amendment of, any of the terms of the Plan, and to supply any
omissions, for the purpose of carrying out its intentions and, without
limitation, to insure that there are no unintended enhancements of the
Supplemental Benefits provided hereunder.

     1.5 Additional Definitions. The following are definitions of terms and
provisions not found elsewhere in the Plan, and certain other terms and
provisions are defined where they first appear:

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<PAGE>
                                                                   Exhibit 10(f)

          1.5.1 "Account-Based Participant" shall mean, collectively, each
     employee who becomes a Participant on or after January 1, 2001 who is a
     Qualified Account-Based Participant, and each Participant who selected
     Option 2 or Option 4 on his Retirement Selection Form.

          1.5.2 "Actuarial Equivalent" shall mean a form of benefit differing in
     time period, or manner of payment, from the Normal Form of benefit provided
     under the Plan, but where the actuarial reserve required to provide such
     form of benefit is equal to the actuarial reserve required to provide the
     Normal Form of Supplemental Benefit and will be based on the interest
     assumptions and the mortality factors set forth in Section 6.12(a) of
     Article III of the SIRP; provided, however, that, solely in the case of a
     Final-Average Participant, in converting his Normal Form to a different
     Available Payment Form, the Plan shall use (i) the mortality table set
     forth in Section 6.12(b)(ii) of Article III of the SIRP, and (ii) an
     interest rate equal to the greater of (x) the interest rate which would be
     used as set forth in Section 6.12(b)(i) of Article III of the SIRP, or (y)
     the FAS 87 interest rate at the time, reduced by 1.5%; and provided,
     finally, that, notwithstanding the foregoing, for all purposes of Section 8
     of the Plan, it shall have the meaning set forth in Subsection 8.4.
     Notwithstanding any provision hereof to the contrary, the Corporation shall
     have the authority, in its sole discretion, to recommend to the Board of
     Directors of the amendment of, the provisions of this subsection 1.5.2 in
     any respect effective as of any date occurring after the calendar year
     during which such amendment is adopted.

          1.5.3 "Annuity Payments" shall mean (i) in the case of a Final-Average
     Participant, payment of his Supplemental Benefits in the manner provided in
     Subsection 2.3(a), and (ii) in the case of an Account-Based Participant,
     payment of his Supplemental Benefits monthly for his lifetime with a
     guarantee of total payments equal to the Lump Sum amount of such
     Participant's original Supplemental Benefit.

          1.5.4 "Available Payment Form" shall mean payment (i) in a Lump Sum,
     (ii) in 120, 180 or 240 Installment Payments, or (iii) in Annuity Payments,
     each as further described in the "Supplemental Pension Election Form"
     furnished to each Participant on or before December 31, 2001.

          1.5.5 "Elect", "Election" and similar terms shall mean the timely
     filing of a complete and timely executed Election Form with the
     Corporation, in which a Participant Elects to have his Supplemental
     Benefits paid in an Available Payment Form. Only the last Election Form
     filed on or before such Participant's Final Election Date shall be such
     Participant's Election. In the absence of a valid Election (as determined
     by the Corporation in its sole discretion), a Participant's Supplemental
     Benefits will be paid in the Normal Form.

          1.5.6 "Election Form" shall mean a written form, prepared and
     distributed by the Corporation, on which the Participant may select the
     Available Payment Form in which his Supplemental Benefits will be
     distributed and such other matters as shall be determined by the
     Corporation.

                                       2
<PAGE>
                                                                   Exhibit 10(f)

          1.5.7 "Final-Average Participant" shall mean, collectively, each
     employee who becomes a Participant on or after January 1, 2001, who is a
     Qualified Final-Average Participant, each Participant who selected Option 1
     or Option 3 on his Retirement Selection Form, and each Participant on
     October 26, 2001 who was not an employee of Snap-on Incorporated or any
     subsidiary employer on that date.

          1.5.8 "Final Election Date" with respect to selection of the Available
     Payment Form shall mean the last day of the calendar year preceding the
     calendar year in which a Participant Separates; provided; however, that
     notwithstanding the foregoing, each Participant, whose Final Election Date
     would otherwise be December 31, 2000, may Elect, on an Election Form filed
     on or before December 31, 2000, to postpone his Final Election Date until
     any date after December 31, 2001.

          1.5.9 "Installment Payment" shall mean payment of a Participant's
     Supplemental Benefits in equal payments made on the first day of each
     calendar month for a fixed period of calendar months.

          1.5.10 "Lump Sum" shall mean payment of a Participant's Supplemental
     Benefits in a single payment.

          1.5.11 "Normal Form" shall mean payment of a Participant's
     Supplemental Benefits (i) in the case of a Final-Average Participant, in an
     Annuity Payment, and (ii) in the case of an Account-Based Participant, in a
     Lump Sum.

          1.5.12 "Participant" shall mean a Final-Average Participant, and an
     Account-Based Participant, collectively, except that where it is necessary
     or appropriate to identify a particular category of Participant, there will
     be an appropriate specific reference.

          1.5.13 "Retirement Date" shall mean the date on which a Participant
     retires as determined in Subsection 2.3(c).

          1.5.14 "Separates" and "Separation" shall mean a Participant's
     termination of employment with Snap-on Incorporated and any subsidiary
     employer for any reason (including death or disability).

          1.5.15 "Supplemental Benefits" shall mean the retirement benefit which
     the Participant has earned under Subsection 2.2.

          1.5.16 "Qualified Account-Based Participant" shall mean each
     Participant who is participating in the Account-Based Component of the
     SIRP.

          1.5.17 "Qualified Final-Average Participant" shall mean each
     Participant who is participating in the Final Average Pay Component of the
     SIRP.

          1.5.18 "Retirement Selection Form" shall mean the form entitled "Your
     Snap-on Retirement Program Choice Election Form" provided to each
     Participant who became and employee of Snap-on Incorporated or any
     subsidiary employer prior to January 1, 2001 and continued to be such an
     employee on October 26, 2001.

                                       3
<PAGE>
                                                                   Exhibit 10(f)

          1.5.19 "Adjusted Benefits" shall mean the benefits payable to a
     Participant under the SIRP expressed in a form, and subject to the
     adjustments, which the Corporation determines are required to enable the
     Corporation to calculate the Supplemental Benefits hereunder.

SECTION 2 -- PARTICIPATION AND SUPPLEMENTAL BENEFITS
----------------------------------------------------

     2.1 Eligibility. Each employee of Snap-on Incorporated or any subsidiary
employer who was a Participant in the Plan will continue to be eligible to
participate in the Plan in accordance with the terms of the Plan. Each employee
of the Corporation will become a Participant in the Plan and eligible for
benefits in accordance with Subsection 2.2, provided that such Participant meets
the following requirements:

          (a) The employee is an elected officer of the Corporation, as
     determined under the Bylaws of the Corporation; and (1/28/94, effective
     4/22/94)

          (b) Such employee is a member of the SIRP (1/28/94, effective
     4/22/94).

     2.2 Supplemental Benefits. Supplemental benefits payable to or on behalf of
a Participant under the Plan shall be calculated as of his Retirement Date and
(i) in the case of a Final-Average Participant shall be equal to the difference
(if any) between (w) the retirement income or the pre-retirement spouse's
benefit, computed for the Participant (and, if such Final-Average Participant is
a Qualified Account-Based Participant, computed as though he were a Qualified
Final-Average Participant) or his surviving spouse in accordance with the
provisions of the Final Average Pay Component of the SIRP (disregarding any
benefit or compensation limitations contained in ERISA and/or limited due to
participation in Snap-on Tools Corporation Deferred Compensation Plan)
(6/28/91), and (x) the Adjusted Benefit which is actually payable under the
SIRP; and (ii) in the case of an Account-Based Participant, shall be equal to
the difference (if any) between (y) the full amount of the Participant's Account
Balance computed for the Participant (and, if such Account-Based Participant is
a Qualified Final-Average Participant, computed as though he were a Qualified
Account-Based Participant) in accordance with the provisions of the
Account-Based Component of the SIRP as though such Account-Based Participant had
elected to participant in the Account-Based Component on July 1, 2001, except
that (A) in computing such Account-Based Participant's Opening Account Balance
there shall be substituted, for such Account-Based Participant's "final average
accrued benefit" in Section 4.4 of Article II of the SIRP, the amount which
would be determined under (i) (w) of this Subsection 2.2 if such Account-Based
Participant were a Final-Average Participant and his Retirement Date was June 30
2001; and (B) his Earnings under Section 4.5 of Article II of the SIRP were
determined without regard to the last sentence thereof, and (z) the Adjusted
Benefit which is actually payable under the SIRP; in each case subject to the
following limitations:

                                       4
<PAGE>
                                                                   Exhibit 10(f)

          (a) Should employment of any person other than Robert A. Cornog
     continue after service as an officer terminates, retirement benefits under
     this Plan will not accrue after the calendar year in which service as an
     officer terminates. Effective October 27, 2000, Robert A. Cornog's
     retirement benefits under this Plan will accrue through March 31, 2002 as
     if he were an officer through March 31, 2002, regardless of his actual
     status as an officer after October 27, 2000 (April 26, 1985) (October 27,
     2000).

          (b) The maximum Supplemental Benefits payable annually under this Plan
     for any Participant who retired under the Plan prior to January 28, 1994
     are limited to $150,000 (1/28/94).

          (c) Supplemental Benefits will be payable in accordance with
     Subsection 2.3.

          (d) Deferred compensation will be considered as eligible earnings only
     for the year payment is deferred for purposes of determining retirement
     benefits (8/22/86).

          (e) For purposes of calculating the Supplemental Benefits (i) for
     Robert A. Cornog, two (2) years of credited service, and (ii) for Dale
     Elliot, one and one-half years of credited service, shall be credited for
     each year of his credited service under the SIRP for both accrual and
     vesting purposes, and notwithstanding anything in the Plan to the contrary
     except this Subsection 2.2(e), effective October 27, 2000, Robert A. Cornog
     shall be deemed to have remained employed by the Corporation through March
     31, 2002 at the rate of compensation in effect with respect to Robert A.
     Cornog through March 31, 2002 (or on such earlier date, if any, that Robert
     A. Cornog terminates his employment with the Corporation); provided,
     however, that Robert A. Cornog's Transition Payment (as defined in
     Paragraph 2 of the Retention and Recognition Agreement dated October 27,
     2000 between Robert A. Cornog and the Corporation (the "Retention
     Agreement") will not be considered as compensation for purposes of this
     Plan. Supplemental Benefits for Robert A. Cornog under this Plan shall be
     calculated in a manner that is consistent with the Retention Agreement.
     (June 25, 1992) (October 27, 2000).

Notwithstanding the forgoing, the amendment of this Plan as provided under
Subsection 1.2 shall not reduce a Participant's Supplemental Benefits accrued
prior to December 31, 2000 in violation of Section 6.

Notwithstanding anything in this Section to the contrary, Robert A. Cornog shall
be a Participant in this Plan through March 31, 2002 without regard to whether
he is an officer after October 27, 2000.

Notwithstanding any provision hereof to the contrary, in making the calculations
relating to the comparison of benefits under the SIRP to benefits computed by
disregarding any benefit or compensation limitations contained in ERISA and/or
limited due to participation in Snap-on Tools Corporation's Deferred
Compensation Plan, the Corporation, in its sole discretion, shall adopt such
procedures and assumptions as it shall deem appropriate to carry out the intent
of this Plan, but shall treat persons similarly situated in a similar manner.

                                       5
<PAGE>
                                                                   Exhibit 10(f)

     2.3 Payment of Benefits. Subject to the provisions of this Plan,
Supplemental Benefits shall be payable to or on behalf of a Participant,
commencing on his or her Retirement Date. Supplemental Benefits will be paid in
the Normal Form unless the Participant has Elected a different Available Payment
Form on or before such Participant's Final Election Date, in which case they
will be paid in accordance with such Election.

          (a) Normal Form For Final-Average Participant. The Normal Form of
     Supplemental Benefits payments to a Final-Average Participant who retires
     on a normal, deferred or early Retirement Date will be made monthly, will
     commence on his Retirement Date and (i) will continue thereafter for life;
     (ii) if the Final-Average Participant dies within a period of five years
     after his Retirement Date, a continuing payment of the same amount will be
     made to his eligible spouse (as defined in Subsection 5.2) if then
     surviving, or if such eligible spouse is not living or dies prior to the
     expiration of such five-year period, to his beneficiary, for the balance of
     said period; and (iii) if, at the later to occur of the death of a retired
     Final-Average Participant or the completion of the applicable five-year
     period specified in (ii) of this Subsection 2.3(a), such Final-Average
     Participant's eligible spouse (as defined in Subsection 5.2) is living,
     such spouse shall be entitled to receive a monthly supplemental benefit on
     the first day of the next month, equal to 50 percent of the monthly
     supplemental benefit which the Final-Average Participant or such eligible
     spouse was receiving on such date and continuing on the first day of each
     month thereafter with the last payment being the payment due on the first
     day of the month in which such spouse's death occurs. If such spouse is
     more than ten years younger than the Final-Average Participant, the amount
     of monthly benefit payable to such spouse shall be reduced by an
     appropriate percentage (determined actuarially) for each full month by
     which such spouse's age is more than ten years less than the Final-Average
     Participant's age.

          (b) Normal Form For Account-Based Participant. The Normal Form of
     Supplemental Benefit payments to an Account-Based Participant on his
     Retirement Date will be payment in a Lump Sum.

          (c) Retirement Date. For all purposes of this Plan, the "Retirement
     Date" of each Participant shall be (i) in the case of a Final-Average
     Participant, the first day of the month coincident with or next following
     the date as of which such Final-Average Participant actually retires or is
     retired from the employ of all of the employers (x) on or after attaining
     age 65 years, (y) on or after attaining age 50 years if he has completed
     ten or more years of continuous employment under the SIRP, or (z) on the
     date he is retired because of total and permanent disability if he has
     completed ten or more years of continuous employment under the SIRP; and
     (ii) in the case of an Account-Based Participant, the first day of the
     month coincident with or next following the date of his Separation;
     provided, further, that if such Participant has filed a proper and timely
     deferral Election Form, it shall mean the January 1st as therein selected.

          (d) Pre-retirement Spouse's Benefit and Other Death Benefit. In the
     event a Participant who has elected to receive his Supplemental Benefits in
     the Normal Form at the time of his death, and who has a spouse to whom he
     is legally married at the time he satisfied the requirements of Subsection
     2.3(c)(i)(y) above dies leaving an eligible

                                       6
<PAGE>
                                                                   Exhibit 10(f)

     spouse, there shall be payable to such Final-Average Participant's eligible
     spouse the supplemental amount that would have been payable to his spouse
     under Subsection 2.3(a)(iii) above had the Participant retired on the first
     day of the month coincident with or next following the month in which his
     death occurred, had received payment commencing on such date in the form
     described in Subsections 2.3(a) for a period of five years and then died.
     Such monthly spouse's benefit will be paid to such spouse on the first day
     of the month coincident with or next following the date of the
     Final-Average Participant's death and will be payable on the first day of
     each month thereafter, with the final payment being the payment due on the
     first day of the month in which such spouse's death occurs. In the event a
     Participant is a Final-Average Participant who has elected to receive his
     Supplemental Benefit in a Lump Sum or in Installment Payments on the date
     of his death, or is an Account-Based Participant, and in either case, has a
     spouse to whom he is legally married at the date of his death, there shall
     be payable to such eligible spouse or, in the absence of an eligible
     spouse, to his beneficiary, the full amount of his or her Supplemental
     Benefits in the form the Participant has Elected or, in the absence of an
     Election by an Account-Based Participant, in the Normal Form. Without
     limiting the generality of the forgoing, subsequent to the commencement of
     payments in any Available Payment Form, the provisions of this Section
     2.3(d) shall have no applicability or effect, and all death benefit
     payments, if any, will be determined in accordance with the terms of such
     Available Payment Form.

The computation and payment of such benefits by the Corporation shall be
conclusive on the Participant, his eligible spouse and his beneficiary
(6/23/89).

Notwithstanding the provisions of Subsections 2.3(a)(iii) and 2.3(d), if Robert
Cornog is a Final-Average Participant and has not Elected to receive his
Supplemental Benefits in other than the Normal Form, and if the amount payable
to the surviving spouse of Robert Cornog in the form of payment specified
therein is less than $50,000 per year, the minimum amount payable to such
spouse, pursuant to whichever of such Subsections, if any, apply, on an annual
basis shall be $50,000 (6/25/92).

Notwithstanding anything in this Section to the contrary, a Participant will be
allowed to elect on or before December 31, 2000 to defer to 2002 the payment of
all Supplemental Benefits that might otherwise be payable in 2001.

     2.4 Benefits Provided by Employers. Benefits under this Plan paid to a
Participant, his surviving spouse or his beneficiary may be paid directly by the
Participant's employer. No employer shall be required to segregate any assets or
establish any trust or fund to provide for the payment of benefits under this
Plan(6/23/89).

SECTION 3 -- OTHER EMPLOYMENT
-----------------------------

     3.1 A Participant or other person receiving Supplemental Benefits under the
Plan will continue to be entitled to receive such payments regardless of other
employment or self-employment.

                                       7
<PAGE>
                                                                   Exhibit 10(f)

SECTION 4 -- FORFEITURE FOR CAUSE
---------------------------------

     4.1 Notwithstanding any provisions of the Plan to the contrary, a retired
officer will be disqualified for benefits under this Plan if he, during his term
of employment with the Corporation, or within two years of the date his
employment terminates:

          (a) Uses or discloses trade secrets for the benefit of someone other
     than the Corporation or its subsidiaries;

          (b) Embezzles or steals cash or other property of the Corporation or
     its subsidiaries or performs other similar dishonest acts against the
     Corporation or its subsidiaries; or

          (c) Enters into a business in direct competition with the Corporation
     or its subsidiaries as either an employee, director, proprietor,
     consultant, partner or joint venturer of such business (1/6/84).

SECTION 5 -- GENERAL
--------------------

     5.1 Administration. The Plan will be administered by the Corporation. The
Board of Directors of the Corporation will designate the person or persons
authorized to act on behalf of the Corporation in the administration of the
Plan.

     5.2 Spouse or Beneficiary. Any benefits payable to an eligible spouse or
beneficiary under the Plan shall be paid to such spouse or beneficiary eligible
to receive the Participant's benefits under the SIRP as provided in Subsection
2.3 or, if no such beneficiary as been designated, to the Participant's estate.
For purposes of this Plan, an "eligible spouse" of a Participant is a spouse of
the Participant as of the Participant's Retirement Date (or, if applicable, the
Participant's date of death) resulting from a legally recognized marriage
(6/23/89).

     5.3 Interests Not Transferable. Except as to any withholding of tax under
the laws of the United States or any state, the interest of any Participant or
other person under the Plan shall not be subject to the claims of creditors and
may not be voluntarily or involuntarily sold, transferred, assigned, alienated
or unencumbered.

     5.4 Facility of Payment. Any amounts payable hereunder to any person under
legal disability or who, in the judgment of the Corporation, is unable to
properly manage his financial affairs may be paid to the legal representative of
such person (6/23/89).

     5.5 Gender and Number. Words in the masculine gender shall include the
feminine gender and, where the context admits, the plural shall include the
singular and the singular shall include the plural.

     5.6 Controlling Law. Except to the extent superseded by the laws of the
United States, the laws of Wisconsin shall be controlling in all matters
relating to the Plan.

     5.7 Successors. This Plan is binding on each employer and will inure to the
benefit of any successor of an employer, whether by way of purchase, merger,
consolidation or otherwise.

                                       8
<PAGE>
                                                                   Exhibit 10(f)

     5.8 Not a Contract. This Plan does not constitute a contract of employment,
and shall not be construed to give any Participant the right to be retained in
any employer's employ. No Participant shall have any rights under this Plan
except those specifically provided herein. Such Participant shall not have any
right or security interest in any specific asset of the employers or any trust,
it being understood that any assets set aside shall be available for the claims
of an employer's creditors (6/23/89).

     5.9 Litigation by Participant. If a legal action relating to the Plan is
begun against the Corporation or an employer by or on behalf of any person, or
if a legal action arises because of conflicting claims to a Participant's or
other person's benefits, the cost to the Corporation or the employer of
defending the action shall be charged to the extent permitted by law to the sum,
if any, which were involved in the action or were payable to the Participant or
other person concerned, or to the Supplemental Benefits payable to the
Participant under the Plan.

SECTION 6 -- AMENDMENT AND TERMINATION
--------------------------------------

     6.1 While the Corporation expects to continue the Plan indefinitely, the
right to amend or terminate the Plan by action of the Board of Directors of the
Corporation (or by action of those to whom the Board of Directors of the
Corporation has delegated in writing the power to amend the Plan) is hereby
reserved, provided that in no event shall any Participant's Supplemental
Benefits accrued to the date of such amendment or termination be reduced or
modified by such action except where an amendment is made at the recommendation
of the Corporation made pursuant to an express authority hereunder to make such
recommendations. Any Supplemental Benefits accrued to the date of such amendment
or termination shall be payable under Subsection 2.3 (8/28/87)(6/23/89).

SECTION 7 -- ADDITIONAL SPECIAL RESTRICTIONS (1/1/96)
-----------------------------------------------------

     7.1 Effective Date and Overriding Provisions. The following provisions of
this Section 7 shall become effective on a "restricted date" (as defined in
Subsection 7.6 below) and, upon becoming effective, shall remain effective until
the following related unrestricted date and, during that period, shall supersede
any other provisions of the Plan to the extent necessary to eliminate any
inconsistencies between the provisions of this Section 7 and any other
provisions of the Plan, including any exhibits and supplements thereto.

     7.2 Prohibitions Against Mergers and Termination, Restrictions on
Amendment. During the period beginning on a restricted date and ending on the
following related unrestricted date, (i) the Plan may not be merged into any
other plan or terminated, (ii) no amendment of the Plan which would reduce the
accrual of benefits or change participation or vesting requirements to the
detriment of existing Participants in the Plan immediately prior to the
restricted date shall be permitted, and (iii) the provisions of Subsection
2.2(a) shall not apply with respect to any employee whose service as an officer
ceases during such period.

     7.3 Subsidiaries and Affiliates. For purposes of this Section 7, a
"subsidiary" of the Corporation means any corporation more than 50 percent of
the voting stock of which is owned, directly or indirectly, by the Corporation.
An "affiliate" of the Corporation means any

                                       9
<PAGE>
                                                                   Exhibit 10(f)

individual, corporation, partnership, trust or other entity which controls, is
controlled by, or is under common control with the Corporation.

     7.4 Prohibition Against Amendment. Except as otherwise required by law, the
provisions of this Section 7 may not be amended, deleted or superseded by any
other provision of the Plan, during the period beginning on a restricted date
and ending on the related unrestricted date.

     7.5 Timing and Method of Distribution. During the period beginning on a
restricted date and ending on the following related unrestricted date, the
timing and methods of distributions of benefits payable to or on behalf of a
Participant under the Plan and the determination of Actuarially Equivalent
values shall be governed by the applicable provisions of the Plan as in effect
on the date immediately preceding the restricted date.

     7.6 Restricted and Unrestricted Dates. For purposes of this Section 7, the
term "restricted date" means the date on which either a Change of Control (as
defined in Subsection 7.7) or a Potential Change of Control (as defined in
Subsection 7.8) occurs. An "unrestricted date" means (1) in the case of a
restricted date which occurs by reason of a Change of Control, the last day of
the five year period following such Change of Control or (2) in the case of a
restricted date occurring by reason of a Potential Change of Control, the last
day of the six-month period following such Potential Change of Control."

     7.7 Change of Control. For purposes of this Plan, a "Change of Control"
shall be deemed to have occurred on the first to occur of any one of the events
set forth in the following paragraphs:

          (i) any Person is or becomes the Beneficial Owner, directly or
     indirectly, of securities of the Company (not including in the securities
     Beneficially Owned by such Person any securities acquired directly from the
     Company or its COC Affiliates) representing 25% or more of either the then
     outstanding shares of common stock of the Company or the combined voting
     power of the Company's then outstanding voting securities, excluding any
     Person who becomes such a Beneficial Owner in connection with a transaction
     described in clause (A) of paragraph (iii) below; or

          (ii) the following individuals cease for any reason to constitute a
     majority of the number of directors then serving: individuals who, on
     January 25, 2002, constitute the Board and any new director (other than a
     director whose initial assumption of office is in connection with an actual
     or threatened election contest, including but not limited to a consent
     solicitation, relating to the election of directors of the Company as such
     terms are used in Rule 14a-11 of Regulation 14A under the Exchange Act)
     whose appointment or election by the Board or nomination for election by
     the Company's shareholders was approved or recommended by a vote of at
     least two-thirds (2/3) of the directors then still in office who either
     were directors on January 25, 2002 or whose appointment, election or
     nomination for election was previously so approved or recommended; or

                                       10
<PAGE>
                                                                   Exhibit 10(f)

          (iii) there is consummated a merger or consolidation of the Company or
     any direct or indirect subsidiary of the Company with any other
     corporation, other than (A) a merger or consolidation which would result in
     the voting securities of the Company outstanding immediately prior to such
     merger or consolidation continuing to represent (either by remaining
     outstanding or by being converted into voting securities of the surviving
     entity or any parent thereof) at least 60% of the combined voting power of
     the voting securities of the Company or such surviving entity or any parent
     thereof outstanding immediately after such merger or consolidation, or (B)
     a merger or consolidation effected to implement a recapitalization of the
     Company (or similar transaction) in which no Person is or becomes the
     Beneficial Owner, directly or indirectly, of securities of the Company (not
     including in the securities Beneficially Owned by such Person any
     securities acquired directly from the Company or its COC Affiliates)
     representing 25% or more of either the then outstanding shares of common
     stock of the Company or the combined voting power of the Company's then
     outstanding voting securities; or

          (iv) the shareholders of the Company approve a plan of complete
     liquidation or dissolution of the Company or there is consummated an
     agreement for the sale or disposition by the Company of all or
     substantially all of the Company's assets (in one transaction or a series
     of related transactions within any period of 24 consecutive months), other
     than a sale or disposition by the Company of all or substantially all of
     the Company's assets to an entity, at least 75% of the combined voting
     power of the voting securities of which are owned by shareholders of the
     Company in substantially the same proportions as their ownership of the
     Company immediately prior to such sale.

Notwithstanding the foregoing, no "Change of Control" shall be deemed to have
occurred if there is consummated any transaction or series of integrated
transactions immediately following which the record holders of the common stock
of the Company immediately prior to such transaction or series of transactions
continue to have substantially the same proportionate ownership in an entity
which owns all or substantially all of the assets of the Company immediately
following such transaction or series of transactions.

For purposes of this definition of Change of Control, "COC Affiliate" shall have
the meaning of "affiliate," as set forth in Rule 12b-2 promulgated under Section
12 of the Exchange Act; "Beneficial Owner" shall have the meaning set forth in
Rule 13d-3 under the Exchange Act; and "Person" shall have the meaning given in
Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d) and
14(d) thereof, except that such term shall not include (i) the Company or any of
its subsidiaries, (ii) a trustee or other fiduciary holding securities under an
employee benefit plan of the Company or any of its COC Affiliates, (iii) an
underwriter temporarily holding securities pursuant to an offering of such
securities, (iv) a corporation owned, directly or indirectly, by the
shareholders of the Company in substantially the same proportions as their
ownership of stock of the Company or (v) any individual, entity or group which
is permitted to, and actually does, report its Beneficial Ownership on Schedule
13G (or any successor schedule); provided that if any such individual, entity or
group subsequently becomes required to or does

                                       11
<PAGE>
                                                                   Exhibit 10(f)

report its Beneficial Ownership on Schedule 13D (or any successor schedule),
such individual, entity or group shall be deemed to be a Person for purposes
hereof on the first date on which such individual, entity or group becomes
required to or does so report Beneficial Ownership of all of the voting
securities of the Company Beneficially Owned by it on such date.

     7.8 Potential Change of Control. A "Potential Change of Control" shall be
deemed to have occurred if:

          (a) the Corporation enters into an agreement, the consummation of
     which would result in the occurrence of a Change of Control;

          (b) the Corporation or any person publicly announces an intention to
     take or to consider taking actions which, if consummated, would constitute
     a Change of Control;

          (c) any person becomes the beneficial owner, directly or indirectly,
     of securities of the Corporation representing 15% or more of either the
     then outstanding shares of common stock of the Corporation or the combined
     voting power of the Corporation's then outstanding voting securities; or

          (d) the Board adopts a resolution to the effect that, for purposes of
     this plan, a Potential Change of Control has occurred.

SECTION 8 -- PAYMENT OF BENEFITS DURING CREDIT RATING LIMITATION
----------------------------------------------------------------
PERIOD(10/22/99)
----------------

     8.1 Effective Date and Overriding Provisions. The following provisions of
this Section 8 shall become effective upon the occurrence of a "Credit Rating
Limitation Date" (as defined in Subsection 8.2 below) and, upon becoming
effective, shall remain effective until a subsequent "Credit Rating Delimitation
Date" (as defined in Subsection 8.2 below) and, during the "Credit Rating
Limitation Period" (as defined in Subsection 8.2 below) shall supersede any
other provisions of the Plan, other than Section 7, to the extent necessary to
eliminate any inconsistencies between the provisions of this Section 8 and any
other provisions of the Plan, other than Section 7, including any exhibits and
supplements thereto.

     8.2 Credit Rating Limitation and Delimitation Dates. For purposes of this
Section 8, the term "Credit Rating Limitation Date" means the date on which the
Corporation's debt rating drops below an Investment Grade Rating. "Investment
Grade Rating" means a rating at or above Baa3 by Moody's Investors Services,
Inc. (or its successors) or a rating at or above BBB by Standard & Poor's
Corporation (or its successors). Only one such rating at the required level is
necessary for the Corporation to have an Investment Grade Rating for purposes of
this Section 8. If either or both of these ratings cease to be available then an
equivalent rating from a nationally prominent rating agency shall be substituted
by the Corporation. For purposes of this Section 8, the term "Credit Rating
Delimitation Date" means the date on which the Company's debt rating achieves an
Investment Grade Rating after having previously lost such rating. The period of
time commencing on a Credit Rating Limitation Date and ending on a Credit Rating
Delimitation Date shall be the "Credit Rating Limitation Period."

                                       12
<PAGE>
                                                                   Exhibit 10(f)

     8.3 Benefit Payment Provisions. Upon the occurrence of a Credit Rating
Limitation Date and on each December 31 after such date occurring during the
Credit Rating Limitation Period, and prior to the occurrence of a Credit Rating
Delimitation Date, a single sum payment shall be made immediately to each
Participant under the Plan of the amount by which the "Actuarial Equivalent" (as
defined in Subsection 8.4 below) of (a) exceeds the sum of (b) plus (c):

          (a) The amount determined in Subsection 2.2(i) (as limited by all of
     Subsection 2.2) based upon the assumptions that (1) the Participant has a
     nonforfeitable right to the Participant's benefit from the SIRP, (2) the
     Participant incurs a Separation as of the date of determination, and (3)
     benefits payable from the SIRP would commence upon the earliest payment
     date allowed under the SIRP immediately following such termination of
     employment.

          (b) The Actuarial Equivalent of the amount, if any, determined in
     Subsection 2.2(ii) (as limited by all of Subsection 2.2) based upon the
     same assumptions as in Subsection 8.3(a) above.

          (c) The Actuarial Equivalent of the amount paid to such Participant
     based on any prior determination date pursuant to this Subsection 8.3.

     8.4 Actuarial Equivalent. Actuarial Equivalent means an amount equal in
value to the benefit replaced as determined with respect to a single sum
distribution under Section 8 by using the average thirty (30) year Treasury rate
for the second full calendar month preceding the first day of the calendar
quarter in such year that contains the determination date as of which the single
sum distribution is being determined, as specified by the Commissioner of the
Internal Revenue Service in the Internal Revenue Bulletin, and the mortality
table prescribed by the Secretary of the Treasury in revenue rulings, notices,
or other guidance pursuant to Section 807(d)(5)(A) of the Internal Revenue Code
that has been published in the Internal Revenue Bulletin as of the date such
single sum distribution is being determined.

     8.5 Supplemental Benefits In Payment Status During Credit Rating Limitation
Period. During a Credit Rating Limitation Period the Actuarial Equivalent
payment of any unpaid Supplemental Benefits in payment status under this Plan
shall be made immediately to the Participant or other appropriate recipient in a
single sum amount.

     8.6 No Duplication of Benefits. Under no circumstances shall a Participant
receive duplicate payment of Supplemental Benefits under the Plan. Entitlement
to periodic or other payment of Supplemental Benefits is canceled when such
benefits are paid out in accordance with this Section 8.

                                       13

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