Document:

CURTISS-WRIGHT CORPORATION

RETIREMENT PLAN

As Amended and Restated effective January 1, 2010

THIRD INSTRUMENT OF AMENDMENT

Recitals:

	
  

 	
  

 
	
 1.

 	
 Curtiss-Wright
 Corporation (the “Company”) has heretofore adopted the Curtiss-Wright
 Corporation Retirement Plan (the “Plan”) and has caused the Plan to be
 amended and restated in its entirety, effective as of January 1, 2010.

 
	
  

 	
  

 
	
 2.

 	
 The
 Plan consists of two separate components: the EMD Component, which applies to
 eligible employees of Curtiss-Wright Electro-Mechanical Corporation as
 provided in the EMD appendix to the Plan, and the CWC Component, which
 applies to other employees eligible to participate in the Plan.

 
	
  

 	
  

 
	
 3.

 	
 Subsequent
 to the most recent amendment of the Plan, the Company has decided to amend
 the CWC Component of the Plan for the following reasons:

 

	
  

 	
  

 	
  

 
	
  

 	
 a.

 	
 To
 eliminate the joint and 66-2/3% survivor annuity as an optional form of
 payment, including the option to receive one-half of the benefit in the form
 of the joint and 66-2/3% survivor annuity and one-half in the form of a lump
 sum payment;

 
	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 To
 add as new payment options a 20-year certain and life annuity and a joint and
 survivor annuity with a 20-year certain and life guarantee; and

 
	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 To
 reflect the terms of an agreement between Metal Improvement Company, Inc. and
 the International Union, United Automobile, Aerospace and Agricultural
 Implement Workers of America (UAW) and its Local Union No. 1588 (collectively
 the “Union”) that provides for improving benefits for participants who were
 represented by the Union and employed at the Columbus, Ohio facility of Metal
 Improvement Company, Inc. on April 2, 2012, the date of the sale of certain
 assets of Metal Improvement Company, Inc. to Bodycote LLC, including the
 Columbus, Ohio facility.

 

	
  

 	
  

 
	
 4.

 	
 Articles
 12.01 and 12.02 of the CWC Component permit the Company to amend the Plan, by
 written instrument, at any time and from time to time.

 
	
  

 	
  

 
	
 5.

 	
 Article
 11.02(b) of the CWC Component authorizes the Curtiss-Wright Corporation
 Administrative Committee to adopt certain Plan amendments on behalf of the
 Company.

 

1

Amendment:

For
the reasons set forth in the Recitals to this Instrument of Amendment, the CWC
Component of the Plan is hereby amended in the following respects.

	
  

 	
  

 	
  

 
	
 1.

 	
 Effective
 for annuity starting dates on or after July 1, 2012, Article 7.02(b) of the
 CWC Component is amended by deleting clauses (i) through (iv) and replacing
 them with the following provisions:

 
	
  

 	
  

 	
  

 
	
  

 	
 (i)

 	
 a
 Life Annuity payable monthly to the Participant;

 
	
  

 	
  

 	
  

 
	
  

 	
 (ii)

 	
 an
 immediate joint and survivor annuity commencing on or after the Participant’s
 Early Retirement Date, or date of termination of employment, if later, that
 provides a reduced monthly benefit payable to the Participant for life and to
 a surviving named contingent annuitant for the lifetime of the contingent
 annuitant in an amount equal to 50 percent, 75 percent, or 100 percent (as
 elected by the Participant) of the amount payable during the Participant’s
 lifetime;

 
	
  

 	
  

 	
  

 
	
  

 	
 (iii)

 	
 a
 20-year certain and life annuity, as described in paragraph (d);

 
	
  

 	
  

 	
  

 
	
  

 	
 (iv)

 	
 a
 joint and survivor annuity with a 20-year certain and life guarantee, as
 described in paragraph (e);

 
	
  

 	
  

 	
  

 
	
  

 	
 (v)

 	
 a
 lump sum payment, provided the amount of the lump sum payment at the Annuity
 Starting Date exceeds $5,000; or

 
	
  

 	
  

 	
  

 
	
  

 	
 (vi)

 	
 one-half
 (1/2) as a lump sum payment and one-half (1/2) as a Life Annuity or a joint
 and survivor annuity available under (ii).

 
	
  

 	
  

 	
  

 
	
 2.

 	
 Effective
 for annuity starting dates on or after July 1, 2012, Article 7.02 of the CWC
 Component is amended by adding new paragraphs (d) and (e) to read as
 follows:

 

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 A
 20-year certain and life annuity is a reduced monthly benefit payable for the
 life of the Participant, and if he dies before receiving 240 monthly
 payments, payments shall continue to the Participant’s designated Beneficiary
 until a total of 240 monthly payments have been made.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 If
 a Beneficiary dies after payments begin to the Beneficiary, but before a
 total of 240 payments have been made to the Participant and the Beneficiary,
 the Actuarial Equivalent value of the remaining payments shall be paid in a
 single lump sum to the Beneficiary’s estate.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (ii)

 	
 If
 the Participant dies before receiving 240 monthly payments and there is
 no surviving designated Beneficiary, the Actuarial Equivalent value of the
 remaining payments shall be paid in a single lump sum to the Participant’s
 estate.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 In
 no event shall a Participant be entitled to elect a 20-year certain and life
 annuity if the guaranteed payment period exceeds the maximum period allowed
 under Treasury Regulation section 1.401(a)(9)-6.

 

2

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 A
 joint and survivor annuity with a 20-year certain and life guarantee is a
 reduced monthly benefit payable to the Participant for life and to a
 surviving named contingent annuitant for the lifetime of the contingent
 annuitant in an amount equal to 50 percent, 75 percent, or 100 percent (as
 elected by the Participant) of the amount payable during the Participant’s
 lifetime. If the Participant and contingent annuitant both die before a total
 of 240 monthly payments have been made, the Plan shall pay a benefit
 equal to the Actuarial Equivalent value of the monthly survivor benefit
 payable to the contingent annuitant for a period equal to 240 minus the total
 number of monthly payments made to the Participant and the joint annuitant.
 This benefit shall be paid in a single lump sum to:

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 one
 or more Beneficiaries designated by the Participant; or

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (ii)

 	
 if
 there is no surviving designated Beneficiary, the estate of the Participant
 or contingent annuitant, whoever is the last to die.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 In
 no event shall a Participant be entitled to elect a joint and survivor
 annuity with a 20-year certain and life guarantee if the guaranteed payment
 period exceeds the maximum period allowed under Treasury Regulation section
 1.401(a)(9)-6.

 
	
  

 	
  

 	
  

 
	
 3.

 	
 Effective
 April 2, 2012, Article 9.02 of the CWC Component is amended by adding a new
 paragraph (i) to read as follows:

 
	
  

 	
  

 
	
  

 	
 (i)

 	
 Metal
 Improvement Company, LLC – Columbus Division. The
 following provisions shall apply to any Participant described in
 Section 9.01 who, as of April 2, 2012, is employed at the Columbus,
 Ohio facility of Metal Improvement Company, LLC and represented for purposes
 of collective bargaining by the International Union, United Automobile,
 Aerospace and Agricultural Implement Workers of America (UAW) and its Local
 Union No. 1588 (a “Columbus Participant”).

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (A)

 	
 Each
 Columbus Participant shall be 100% vested in his benefits without regard to
 his Vesting Years of Service.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (B)

 	
 For
 purposes of determining all benefits payable under the Plan, the Credited
 Service for any Columbus Participant shall include the period through
 December 31, 2013.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (C)

 	
 For
 purposes of determining eligibility for early retirement benefits under
 Article 9.02(b), any Columbus Participant who attains age 55 before
 December 31, 2013 shall be deemed to be age 55 on April 2,
 2012, provided that in no event shall any such Columbus Participant be
 entitled to receive a pension commencing before the first day of the month
 following his 55th birthday.

 

3

Except
to the extent amended by this Instrument of Amendment, the Plan shall remain in
full force and effect.

IN WITNESS WHEREOF, this amendment has been executed on this _____ day of
_________________, 2012.

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Curtiss-Wright
 Corporation

 Administrative Committee

 
	
  

 	
  

 	
  

 
	
  

 	
 By: 

 	
  

 
	
  

 	
  

 	

 

 
	
  

 
	
  

 	
 Date: 

 	
  

 
	
  

 	
  

 	

 

 

4CURTISS-WRIGHT CORPORATION 

RETIREMENT PLAN

As Amended and Restated effective January 1, 2010

FOURTH INSTRUMENT OF AMENDMENT

Recitals:

	
  

 	
  

 	
  

 
	
 1.

 	
 Curtiss-Wright Corporation (the
 “Company”) has heretofore adopted the Curtiss-Wright Corporation Retirement
 Plan (the “Plan”) and has caused the Plan to be amended and restated in its
 entirety effective as of January 1, 2010.

 
	
  

 	
  

 
	
 2.

 	
 The Plan consists of two separate
 components: the EMD Component, which applies to eligible employees of
 Curtiss-Wright Electro-Mechanical Corporation as provided in the EMD appendix
 to the Plan (the “EMD Component”), and the CWC Component, which applies to
 other employees eligible to participate in the Plan (the “CWC Component”).

 
	
  

 	
  

 
	
 3.

 	
 Subsequent to the most recent
 amendment and restatement of the Plan, the Company has decided to amend the
 CWC Component for the following reasons:

 
	
  

 	
  

 
	
  

 	
 a.

 	
 To reflect the terms of a new
 collective bargaining agreement covering employees of the Company’s Target
 Rock operations that (i) increases their benefit formula with respect to
 credited service earned on or after January 1, 2012, and (ii) excludes from
 Plan participation any such represented employee hired or rehired by, or
 transferred to, such operations after December 31, 2013;

 
	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 To provide that certain former
 employees of Penny and Giles Drive Technologies and AP Services, LLC receive
 prior service credit for eligibility and vesting purposes;

 
	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 To provide that employees at the
 Company’s recently acquired Cimarron Energy operations and facilities receive
 prior service credit for eligibility and vesting purposes, but are not
 eligible to participate in the Plan while employed at such operations and
 facilities;

 
	
  

 	
  

 	
  

 
	
  

 	
 d.

 	
 To provide that if any participant
 entitled to a death benefit dies with his estate as beneficiary, whether or
 not the participant is in active employment, the death benefit (which is
 payable only in a lump sum) will be calculated assuming the beneficiary is
 the same age as the participant;

 
	
  

 	
  

 	
  

 
	
  

 	
 e.

 	
 To address recent regulatory guidance
 regarding certain funding-based restrictions applicable to qualified defined
 benefit pension plans; and

 
	
  

 	
  

 	
  

 
	
  

 	
 f.

 	
 To make clarifying changes that
 correct certain cross-references.

 

1

	
  

 	
  

 	
  

 
	
 4.

 	
 Subsequent to the most recent
 amendment and restatement of the Plan, the Company has decided to amend the
 EMD Component for the following reasons:

 
	
  

 	
  

 	
  

 
	
  

 	
 a.

 	
 To reflect the terms of certain
 collective bargaining agreements between the Company and the IBEW AFL-CIO,
 Local 1914, and the Association of Westinghouse Salaried Employees, that
 provide for the exclusion from the EMD Component of all collectively
 bargained Employees (i) who are hired or rehired by, or transferred to, an
 Employer on or before December 31, 2013, and do not timely elect to
 participate in the EMD Component effective on or before January 1, 2014; or
 (ii) who are hired or rehired by, or transferred to, an Employer on or after
 January 1, 2014;

 
	
  

 	
  

 	
  

 
	
  

 	
 b.

 	
 To provide for the exclusion from the
 EMD Component of all other Employees (i) who are hired or rehired by, or
 transferred to, an Employer on or before December 31, 2013, and do not timely
 elect to participate in the EMD Component effective on or before January 1,
 2014; or (ii) who are hired or rehired by, or transferred to, an Employer on
 or after January 1, 2014; and

 
	
  

 	
  

 	
  

 
	
  

 	
 c.

 	
 To address recent regulatory guidance
 regarding certain funding-based restrictions applicable to qualified defined
 benefit pension plans. 

 
	
  

 	
  

 	
  

 
	
 5.

 	
 Articles 12.01 and 12.02 of the CWC
 Component permit the Company to amend the CWC Component, by written
 resolution, at any time and from time to time.

 
	
  

 	
  

 	
  

 
	
 6.

 	
 Article 11.02(b) of the CWC Component
 authorizes the Administrative Committee under the Plan to adopt certain CWC
 Component amendments on behalf of the Company.

 
	
  

 	
  

 	
  

 
	
 7.

 	
 Section 18.A of the EMD Component
 permits the Company, acting by written resolution of its Board of Directors
 (the “Board”) or a duly authorized delegate of the Board, to amend the EMD
 Component at any time and from time to time.

 
	
  

 	
  

 	
  

 
	
 8.

 	
 Section 12.B.2 of the EMD Component
 authorizes the Administrative Committee under the Plan to adopt certain EMD
 Component amendments on behalf of the Company.

 
	
  

 	
  

 	
  

 
	
 9.

 	
 The Plan amendments described herein
 shall be subject to approval by the Board.

 

Amendment:

For the reasons set forth in the
Recitals to this Instrument of Amendment, the Plan is hereby amended in the
following respects:

2

CWC Component

The CWC Component is amended as follows:

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 1.

 	
 Effective January 1, 2010, Article
 7.12 is amended and restated in its entirety to read as follows:

 
	
  

 	
  

 
	
  

 	
 7.12.

 	
 Limitations Based on Funded Status of the Plan.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 Notwithstanding any provision of the
 Plan to the contrary, the following provisions shall apply as required by
 Section 436 of the Code effective for Plan Years beginning on or after
 January 1, 2010:

 
	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Limitations Applicable if Plan’s
 Adjusted Funding Target Attainment Percentage Is Less than 80%, but Not Less
 than 60%. Notwithstanding any other provisions of the Plan, if the
 Plan’s adjusted funding target attainment percentage for a Plan Year is less
 than 80% (or would be less than 80% to the extent described in subparagraph
 ‎(ii) below) but is not less than 60%, then the limitations set forth
 in this Article 7.12 apply.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)

 	
 50% Limitation on Single Sum Payments,
 Other Accelerated Forms of Distribution, and Other Prohibited Payments. A
 Participant or Beneficiary is not permitted to elect, and the Plan shall not
 pay, a single sum payment or other optional form of benefit that includes a
 prohibited payment with an annuity starting date on or after the applicable
 section 436 measurement date, and the Plan shall not make any payment for the
 purchase of an irrevocable commitment from an insurer to pay benefits or any
 other payment or transfer that is a prohibited payment, unless the present
 value of the portion of the benefit that is being paid in a prohibited
 payment does not exceed the lesser of:

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (A)

 	
 50% of the present value of the
 benefit payable in the optional form of benefit that includes the prohibited
 payment; or

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (B)

 	
 100% of the PBGC maximum benefit
 guarantee amount (as defined in Treasury regulations Section
 1.436-1(d)(3)(iii)(C).

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 The limitation set forth in this
 subparagraph ‎(i) does not apply to any payment of a benefit which
 under Code Section 411(a)(11) may be immediately distributed without the
 consent of the Participant.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 If an optional form of benefit that
 is otherwise available under the terms of the Plan is not available to a
 Participant or Beneficiary as of the annuity starting date because of the
 application of the requirements of this subparagraph ‎(i), the
 Participant or Beneficiary is permitted to elect to bifurcate the benefit
 into unrestricted and restricted portions (as described in Treasury 

 

3

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 regulations Section
 1.436-1(d)(3)(iii)(D)). The Participant or Beneficiary may also elect any
 other optional form of benefit otherwise available under the Plan at that
 annuity starting date that would satisfy the 50%/PBGC maximum benefit
 guarantee amount limitation described in this subparagraph ‎(i), or may
 elect to defer the entire benefit in accordance with any general right to
 defer commencement of benefits under the Plan.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)

 	
 Plan Amendments Increasing Liability
 for Benefits. No amendment to the Plan that has
 the effect of increasing liabilities of the Plan by reason of increases in
 benefits, establishment of new benefits, changing the rate of benefit
 accrual, or changing the rate at which benefits become nonforfeitable shall
 take effect in a Plan Year if the adjusted funding target attainment
 percentage for the Plan Year is:

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (A)

 	
 Less than 80%; or

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (B)

 	
 80% or more, but would be less than
 80% if the benefits attributable to the amendment were taken into account in
 determining the adjusted funding target attainment percentage.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 The limitation set forth in this
 subparagraph ‎(ii) does not apply to any Plan amendment that provides a
 benefit increase under a Plan formula that is not based on compensation,
 provided that the rate of such increase does not exceed the contemporaneous
 rate of increase in the average wages of Participants covered by the
 amendment.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Limitations Applicable if Plan’s Adjusted
 Funding Target Attainment Percentage Is Less than 60%.
 Notwithstanding any other provisions of the Plan, if the Plan’s adjusted
 funding target attainment percentage for a Plan Year is less than 60% (or
 would be less than 60% to the extent described in subparagraph ‎(ii)
 below), then the limitations in this paragraph ‎(b) apply.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)

 	
 Single Sums, Other Accelerated Forms of Distribution, and
 Other Prohibited Payments Not Permitted. A Participant or Beneficiary
 is not permitted to elect, and the Plan shall not pay, a single sum payment
 or other optional form of benefit that includes a prohibited payment with an
 annuity starting date on or after the applicable section 436 measurement
 date, and the Plan shall not make any payment for the purchase of an
 irrevocable commitment from an insurer to pay benefits or any other payment
 or transfer that is a prohibited payment. The limitation set forth in this
 subparagraph ‎(i) does not apply to any payment of a benefit which
 under Code Section 411(a)(11) may be immediately distributed without the
 consent of the Participant.

 

4

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (ii)

 	
 Shutdown Benefits and Other Unpredictable Contingent Event Benefits
 Not Permitted to Be Paid. An unpredictable
 contingent event benefit with respect to an unpredictable contingent event
 occurring during a Plan Year shall not be paid if the adjusted funding target
 attainment percentage for the Plan Year is:

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (A)

 	
 Less than 60%; or

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (B)

 	
 60% or more, but would be less than 60% if the adjusted funding
 target attainment percentage were redetermined applying an actuarial
 assumption that the likelihood of occurrence of the unpredictable contingent
 event during the Plan Year is 100%.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (iii)

 	
 Benefit Accruals Frozen. Benefit accruals
 under the Plan shall cease as of the applicable section 436 measurement date.
 In addition, if the Plan is required to cease benefit accruals under this
 subparagraph ‎(iii), then the Plan is not permitted to be amended in a
 manner that would increase the liabilities of the Plan by reason of an
 increase in benefits or establishment of new benefits.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (c)

 	
 Limitations Applicable if the Plan Sponsor Is in Bankruptcy.
 Notwithstanding any other provisions of the Plan, a Participant or
 Beneficiary is not permitted to elect, and the Plan shall not pay, a single
 sum payment or other optional form of benefit that includes a prohibited
 payment with an annuity starting date that occurs during any period in which
 the Plan sponsor is a debtor in a case under Title 11 of the United States
 Code, or similar federal or state law, except for payments made within a Plan
 Year with an annuity starting date that occurs on or after the date on which
 the enrolled actuary certifies that the Plan’s adjusted funding target
 attainment percentage for that Plan Year is not less than 100%. In addition,
 during such period in which the Plan sponsor is a debtor, the Plan shall not
 make any payment for the purchase of an irrevocable commitment from an
 insurer to pay benefits or any other payment or transfer that is a prohibited
 payment, except for payments that occur on a date within a Plan Year that is
 on or after the date on which the enrolled actuary certifies that the Plan’s
 adjusted funding target attainment percentage for that Plan Year is not less
 than 100%. The limitation set forth in this paragraph ‎(c) does not
 apply to any payment of a benefit which under Code Section 411(a)(11) may be
 immediately distributed without the consent of the Participant.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 Provisions Applicable after Limitations Cease to Apply.
 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 Resumption of Prohibited Payments. If a
 limitation on prohibited payments under paragraphs ‎(a)(i),
 ‎(b)(i), or ‎(c) applied to the Plan as of a section 436
 measurement date, but that limit no longer applies to the Plan as of a later
 section 436 measurement date, then that limitation does not apply to benefits
 with annuity starting dates that are on or after that later section 436
 measurement date.

 

5

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (ii)

 	
 Resumption of Benefit Accruals. If a
 limitation on benefit accruals under paragraph ‎(b)(iii) applied to the
 Plan as of a section 436 measurement date, but that limitation no longer
 applies to the Plan as of a later section 436 measurement date, then benefit
 accruals shall resume prospectively and that limitation does not apply to
 benefit accruals that are based on service on or after that later section 436
 measurement date, except as otherwise provided under the Plan. The Plan shall
 comply with the rules relating to partial years of participation and the
 prohibition on double proration under Department of Labor regulations
 Sections 2530.204-2(c) and 2530.204-2(d).

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (iii)

 	
 Shutdown and Other Unpredictable Contingent Event Benefits.
 If an unpredictable contingent event benefit with respect to an unpredictable
 contingent event that occurs during the Plan Year is not permitted to be paid
 after the occurrence of the event because of the limitation of paragraph
 (b)(ii) above, but is permitted to be paid later in the same Plan Year (as a result
 of additional contributions or pursuant to the enrolled actuary’s
 certification of the adjusted funding target attainment percentage for the
 Plan Year that meets the requirements of Treasury regulations Section
 1.436-1(g)(5)(ii)(B)), then that unpredictable contingent event benefit shall
 be paid, retroactive to the period that benefit would have been payable under
 the terms of the Plan (determined without regard to paragraph ‎(b)(ii)
 above). If the unpredictable contingent event benefit does not become payable
 during the Plan Year in accordance with the preceding sentence, then the Plan
 is treated as if it does not provide for that benefit and, thus, no
 unpredictable contingent event benefit shall be payable.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (iv)

 	
 Treatment of Plan Amendments that Do Not Take Effect.
 If a Plan amendment does not take effect as of the effective date of the
 amendment because of the limitation of paragraphs ‎(a)(ii) or
 ‎‎(b)(iii), but is permitted to take effect later in the same
 Plan Year (as a result of additional contributions or pursuant to the
 enrolled actuary’s certification of the adjusted funding target attainment
 percentage for the Plan Year that meets the requirements of Treasury
 regulations Section 1.436-1(g)(5)(ii)(C)), then the Plan amendment must
 automatically take effect as of the first day of the Plan Year (or, if later,
 the original effective date of the amendment). If the Plan amendment cannot
 take effect during the same Plan Year, then it shall be treated as if it were
 never adopted, unless the Plan amendment provides otherwise.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 Notice Requirement. The Administrative
 Committee, as the Plan administrator, shall comply with ERISA Section 101(j)
 regarding the requirement that the Plan administrator provide a written
 notice to Participants and Beneficiaries within 30 days after certain
 specified dates if the Plan has become subject to a limitation described in
 paragraphs ‎(a)(i), ‎(b), or ‎(c) above.

 

6

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (f)

 	
 Methods to Avoid or Terminate Benefit Limitations.
 Curtiss-Wright Corporation, as the Plan sponsor, shall comply with Code
 Sections 436(b)(2), (c)(2), (e)(2), and (f), and Treasury regulations Section
 1.436-1(f), regarding employer contributions and other methods to avoid or
 terminate the application of the limitations set forth in paragraphs ‎‎(a)
 through ‎‎(c) above for a Plan Year. In general, the methods a
 Plan sponsor may use to avoid or terminate one or more of the benefit
 limitations under paragraphs ‎(a) through ‎‎(c) above for a
 Plan Year include employer contributions and elections to increase the amount
 of Plan assets which are taken into account in determining the adjusted
 funding target attainment percentage, making an employer contribution that is
 specifically designated as a current year contribution that is made to avoid
 or terminate application of certain of the benefit limitations, or providing
 security to the Plan.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (g)

 	
 Special Rules.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 Rules of Operation for Periods Prior to and after Certification of
 Plan’s Adjusted Funding Target Attainment Percentage.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (A)

 	
 In General. Code Section 436(h) and Treasury
 regulations Section 1.436-1(h) set forth a series of presumptions that apply
 for purposes of this Article 7.12:

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (I)

 	
 Before the enrolled actuary issues a certification of the Plan’s
 adjusted funding target attainment percentage for the Plan Year; and 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (II)

 	
 If the enrolled actuary does not issue a certification of the Plan’s
 adjusted funding target attainment percentage for the Plan Year before the
 first day of the tenth month of the Plan Year (or if the enrolled actuary
 issues a range certification for the Plan Year pursuant to Treasury
 regulations Section 1.436-1(h)(4)(ii) but does not issue a certification of
 the specific adjusted funding target attainment percentage for the Plan by the
 last day of the Plan Year). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 For any period during which a presumption under Code Section 436(h)
 and Treasury regulations Section 1.436-1(h) applies to the Plan, the
 limitations under paragraphs ‎‎(a) through ‎‎(c)
 above are applied to the Plan as if the adjusted funding target attainment
 percentage for the Plan Year were the presumed adjusted funding target
 attainment percentage determined under the rules of Code Section 436(h) and
 Treasury regulations Section 1.436-1(h)(1), (2), or (3). These presumptions
 are set forth in subparagraphs ‎‎‎(B) through ‎(D)
 below.

 

7

	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (B)

 	
 Presumption of Continued Underfunding Beginning First Day of Plan
 Year. If a limitation under paragraphs ‎(a),
 ‎(b), or ‎‎‎(c) above applied to the Plan on the last
 day of the preceding Plan Year, then, commencing on the first day of the
 current Plan Year and continuing until the enrolled actuary issues a
 certification of the adjusted funding target attainment percentage for the
 Plan for the current Plan Year, or, if earlier, the date subparagraphs
 ‎(C) or (D) below apply to the Plan:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (I)

 	
 The adjusted funding target attainment percentage of the Plan for the
 current Plan Year is presumed to be the adjusted funding target attainment
 percentage in effect on the last day of the preceding Plan Year; and

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (II)

 	
 The first day of the current Plan Year is a section 436 measurement
 date.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (C)

 	
 Presumption of Underfunding Beginning First Day of Fourth Month.
 If the enrolled actuary has not issued a certification of the adjusted
 funding target attainment percentage for the Plan Year before the first day
 of the fourth month of the Plan Year and the Plan’s adjusted funding target
 attainment percentage for the preceding Plan Year was either at least 60% but
 less than 70%, or at least 80% but less than 90%, or is described in Treasury
 regulations Section 1.436-1(h)(2)(ii), then, commencing on the first day of
 the fourth month of the current Plan Year and continuing until the enrolled
 actuary issues a certification of the adjusted funding target attainment
 percentage for the Plan for the current Plan Year, or, if earlier, the date
 subparagraph ‎(D) below applies to the Plan:

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (I)

 	
 The adjusted funding target attainment percentage of the Plan for the
 current Plan Year is presumed to be the Plan’s adjusted funding target
 attainment percentage for the preceding Plan Year reduced by 10 percentage
 points; and

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (II)

 	
 The first day of the fourth month of the current Plan Year is a
 section 436 measurement date.

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (D)

 	
 Presumption of Underfunding on and after First Day of Tenth Month.
 If the enrolled actuary has not issued a certification of the adjusted
 funding target attainment percentage for the Plan Year before the first day
 of the tenth month of the Plan Year (or if the enrolled actuary has issued a
 range certification for the Plan Year pursuant to Treasury regulations
 Section 1.436-1(h)(4)(ii) but has not

 

8

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 issued a certification of the specific adjusted funding target
 attainment percentage for the Plan by the last day of the Plan Year), then, commencing
 on the first day of the tenth month of the current Plan Year and continuing
 through the end of the Plan Year:

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (I)

 	
 The adjusted funding target attainment percentage of the Plan for the
 current Plan Year is presumed to be less than 60%; and

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (II)

 	
 The first day of the tenth month of the current Plan Year is a
 section 436 measurement date.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (ii)

 	
 New Plans, Plan Termination, Certain Frozen Plans, and Other Special
 Rules. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (A)

 	
 First Five Plan Years. The limitations in
 paragraphs ‎(a)(ii), ‎‎(b)(ii), and ‎(b)(iii) do not
 apply to a new plan for the first five Plan Years of the plan, determined
 under the rules of Code Section 436(i) and Treasury regulations Section
 1.436-1(a)(3)(i).

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (B)

 	
 Plan Termination. The limitations on
 prohibited payments in paragraphs ‎(a)(i), ‎(b)(i), and
 ‎(c) do not apply to prohibited payments that are made to carry out the
 termination of the Plan in accordance with applicable law. Any other
 limitations under this Article 7.12 do not cease to apply as a result of
 termination of the Plan.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (C)

 	
 Exception to Limitations on Prohibited Payments under Certain Frozen
 Plans. The limitations on prohibited payments set
 forth in paragraphs ‎(a)(i), ‎(b)‎(i), and ‎(c) do
 not apply for a Plan Year if the terms of the Plan, as in effect for the
 period beginning on September 1, 2005, and continuing through the end of the
 Plan Year, provide for no benefit accruals with respect to any Participant.
 This subparagraph ‎(C) shall cease to apply as of the date any benefits
 accrue under the Plan or the date on which a Plan amendment that increases
 benefits takes effect.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (D)

 	
 Special Rules Relating to Unpredictable Contingent Event Benefits and
 Plan Amendments Increasing Benefit Liability. During
 any period in which none of the presumptions under paragraph
 ‎(g)‎(i) apply to the Plan and the enrolled actuary has not yet
 issued a certification of the Plan’s adjusted funding target attainment
 percentage for the Plan Year, the limitations under paragraphs ‎(a)(ii)
 ‎and ‎‎(b)(ii) shall be based on the inclusive presumed
 adjusted funding target attainment percentage for the Plan, calculated in
 accordance with the rules of Treasury regulations Section 1.436-1(g)(2)(iii).

 

9

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iii)

 	
 Special Rules under Preservation of Access to Care for Medicare
 Beneficiaries and Pension Relief Act of 2010 (“PRA 2010”).

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (A)

 	
 Payments under Social Security Leveling Options.
 For purposes of determining whether the limitations under paragraphs
 ‎‎(a)(i) or ‎‎(b)(i) apply to payments under a Social
 Security leveling option, within the meaning of Code Section 436(j)(3)(C)(i),
 the adjusted funding target attainment percentage for a Plan Year shall be
 determined in accordance with the “Special Rule for Certain Years” under Code
 Section 436(j)(3) and any Treasury regulations or other published guidance
 thereunder issued by the Internal Revenue Service.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (B)

 	
 Limitation on Benefit Accruals. For purposes
 of determining whether the accrual limitation under paragraph ‎(b)(iii)
 applies to the Plan, the adjusted funding target attainment percentage for a
 Plan Year shall be determined in accordance with the “Special Rule for
 Certain Years” under Code Section 436(j)(3) (except as provided under Section
 203(b) of PRA 2010, if applicable).

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iv)

 	
 Interpretation of Provisions. The
 limitations imposed by this Article 7.12 shall be interpreted and
 administered in accordance with Code Section 436 and Treasury regulations
 Section 1.436-1.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (h)

 	
 Definitions. The definitions in the
 following Treasury regulations apply for purposes of paragraphs
 ‎(a)‎ through ‎‎(g): 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)

 	
 Section 1.436-1(j)(1), defining adjusted funding target attainment
 percentage; 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)

 	
 Section 1.436-1(j)(2), defining annuity starting date; 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iii)

 	
 Section 1.436-1(j)(6), defining prohibited payment; 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (iv)

 	
 Section 1.436-1(j)(8), defining section 436 measurement date; and 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (v)

 	
 Section 1.436-1(j)(9), defining an unpredictable contingent event and
 an unpredictable contingent event benefit.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (i)

 	
 Effective Date. The rules in this Article
 7.12 are effective for Plan Years beginning after December 31, 2009. The
 requirements of Code Section 436 are hereby incorporated by reference in the
 Plan for earlier Plan Years beginning after December 31, 2007.

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
 2.

 	
 Effective
 January 1, 2012, Article 8.01(d) of the CWC Component is amended and restated
 in its entirety to read as follows:

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 (d)

 	
 In the event a Participant entitled to a death benefit under
 paragraph (a) dies with his estate as his Beneficiary, the death benefit
 shall be calculated assuming the

 

10

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Beneficiary is the same age as the
 Participant and, in lieu of the annuity form of payment, the death benefit
 shall be paid in one lump sum under Article 8.03.

 

	
  

 	
  

 	
  

 
	
 3.

 	
 Effective
 December 31, 2013, Article 9.01 of the CWC Component is amended by adding new
 paragraph (e) at the end thereof to read as follows:

 
	
  

 	
  

 	
  

 
	
  

 	
 (e)

 	
 Notwithstanding any provision of this Plan to the contrary, an
 Employee whose employment is covered by a collective bargaining agreement to
 which the Company is a party and which provides for coverage under the Plan
 and who is hired or rehired by, or transferred to, the Company’s Target Rock
 operations after December 31, 2013, shall not be eligible to participate in and accrue any
 benefits under the Plan while employed at such operations. 

 
	
  

 	
  

 	
  

 
	
 4.

 	
 Effective
 December 31, 2013, Article 9.02(a)(v) (“Target Rock Corporation”) of the CWC
 Component is amended by revising the opening portion of the first sentence
 preceding “(A)” therein to read as follows:

 
	
  

 	
  

 	
  

 
	
  

 	
 With respect to any such pensioner whose Credited Service was with
 Target Rock Corporation, subsequently known as Curtiss-Wright Flow Control
 Corporation, and except as otherwise provided in Article 9.01(e):

 
	
  

 	
  

 	
  

 
	
 5.

 	
 Effective
 January 1, 2012, Article 9.02(a)(v) (“Target Rock Corporation”) of the CWC
 Component is amended by adding new paragraphs (S), (T), (U), and (V) at the end thereof
 to read, respectively, as follows: 

 
	
  

 	
  

 	
  

 
	
  

 	
 (S)

 	
 $47.00 multiplied by his years of Credited Service with
 Curtiss-Wright Flow Control Corporation on or after
 January 1, 2012, for any pension payments due for months commencing
 on or after January 1, 2012.

 
	
  

 	
  

 	
  

 
	
  

 	
 (T)

 	
 $49.00 multiplied by his years of Credited Service with
 Curtiss-Wright Flow Control Corporation on or after
 January 1, 2013, for any pension payments due for months commencing
 on or after January 1, 2013.

 
	
  

 	
  

 	
  

 
	
  

 	
 (U)

 	
 $51.00 multiplied by his years of Credited Service with
 Curtiss-Wright Flow Control Corporation on or after
 January 1, 2014, for any pension payments due for months commencing
 on or after January 1, 2014.

 
	
  

 	
  

 	
  

 
	
  

 	
 (V)

 	
 $54.00 multiplied by his years of Credited Service with
 Curtiss-Wright Flow Control Corporation on or after
 January 1, 2015, for any pension payments due for months commencing
 on or after January 1, 2015.

 
	
  

 	
  

 	
  

 
	
 6.

 	
 Effective
 January 1, 2012, Schedule G 1 of the CWC Component is amended by revising the
 opening portion of the first sentence preceding the numbered items therein to
 read as follows: 

 
	
  

 	
  

 	
  

 
	
  

 	
 The monthly amount of such deferred pension commencing at age 65 for
 an employee at the Wood-Ridge Facility eligible therefor in accordance with
 Article 9.02(d)(ii) shall be as follows:

 

11

	
  

 	
  

 	
  

 	
  

 	
  

 
	
 7.

 	
 Effective January 1, 2012, Schedule G 2 of the CWC Component is
 amended by revising the opening portion of the first sentence preceding the
 numbered items therein to read as follows: 

 
	
  

 	
  

 
	
  

 	
 The
 monthly amount of such deferred pension commencing at age 65 for an employee
 at the Buffalo Facility eligible therefor in accordance with Article
 9.02(d)(ii) shall be as follows: 

 
	
  

 	
  

 
	
 8.

 	
 Effective January 1, 2012, Schedule G 3 of the CWC Component is
 amended by revising the opening portion of the first sentence preceding the
 numbered items therein to read as follows: 

 
	
  

 	
  

 
	
  

 	
 The
 monthly amount of such deferred pension commencing at age 65 for an employee
 at the Curtiss-Wright Flight Systems Facility eligible therefor in accordance
 with Article 9.02(d)(ii) shall be as follows: 

 
	
  

 	
  

 
	
 9.

 	
 Effective January 1, 2012, Schedule G 4 of the CWC Component is
 amended by revising the opening portion of the first sentence preceding the
 numbered items therein to read as follows: 

 
	
  

 	
  

 
	
  

 	
 The
 monthly amount of such deferred pension commencing at age 65 for an employee
 at the Target Rock Facility eligible therefor in accordance with Article
 9.02(d)(ii) shall be as follows: 

 
	
  

 	
  

 
	
 10.

 	
 Effective January 1, 2012, Schedule G 4 of the CWC Component is
 amended by adding the following at the end of paragraph 7: 

 
	
  

 	
  

 
	
  

 	
  

 	
 $47.00
 multiplied by his years of Credited Service on or after January 1, 2012.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 $49.00
 multiplied by his years of Credited Service on or after January 1, 2013.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 $51.00
 multiplied by his years of Credited Service on or after January 1, 2014.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 $54.00
 multiplied by his years of Credited Service on or after January 1, 2015. 

 
	
  

 	
  

 	
  

 
	
 11.

 	
 Effective November 1, 2012, Schedule J of the CWC Component is
 amended by adding new paragraphs 47, 48, and 49 at the end thereof to read,
 respectively, as follows: 

 
	
  

 	
  

 
	
  

 	
 47.

 	
 Penny and Giles Drives Technology 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Notwithstanding
 any provision in this Plan to the contrary, the following rules shall apply
 to an Employee hired on November 1, 2012, whose immediate prior service was
 with Penny and Giles Drives Technology (“PGDT”) and who was employed by such
 entity at such date: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)

 	
 Such
 an Employee shall be eligible to participate in the Plan following the date
 he or she completes his or her Year of Eligibility Service, which Year of
 Eligibility Service shall include such prior service, and shall remain
 eligible so long as he or she continues to 

 

12

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 satisfy
 the eligibility requirements in Article 2.01, provided, however, that such an
 Employee shall not accrue any benefits under the Plan, except for benefits
 determined in accordance with Article 4. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)

 	
 For
 purposes of determining Vesting Years of Service, vesting service shall
 commence with his or her most recent date of hire with PGDT immediately prior
 to its acquisition by Curtiss-Wright Corporation. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Notwithstanding
 any provision in this Plan to the contrary, an Employee at the PGDT
 operations and facilities acquired by Curtiss-Wright Corporation who is not
 an Employee described in paragraph (a), shall be eligible to become a
 Participant in accordance with Article 2.01, but shall not accrue any
 benefits under the Plan, except for benefits determined in accordance with
 Article 4. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 48.

 	
 AP Services, LLC 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Notwithstanding
 any provision in this Plan to the contrary, the following rules shall apply
 to an Employee hired on November 5, 2012, whose immediate prior service was
 with AP Services, LLC or an affiliate thereof (“AP”) and who was employed by
 such entity at such date: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (i)

 	
 Such
 an Employee shall be eligible to participate in the Plan following the date
 he or she completes his or her Year of Eligibility Service, which Year of
 Eligibility service shall include such prior service, and shall remain
 eligible so long as he or she continues to satisfy the eligibility
 requirements in Article 2.01, provided, however, that such an Employee shall
 not accrue any benefits under the Plan, except for benefits determined in
 accordance with Article 4 effective for periods beginning on or after January
 1, 2013. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (ii)

 	
 For
 purposes of determining Vesting Years of Service, vesting service shall
 commence with his or her most recent date of hire with AP immediately prior
 to its acquisition by Curtiss-Wright Corporation. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Notwithstanding
 any provision in this Plan to the contrary, an Employee at the AP operations
 and facilities acquired by Curtiss-Wright Corporation who is not an Employee
 described in paragraph (a), shall be eligible to become a Participant in
 accordance with Article 2.01, but shall not accrue any benefits under the
 Plan, except for benefits determined in accordance with Article 4 effective
 for periods beginning on or after January 1, 2013. 

 

13

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 49.

 	
 Cimarron
 Energy Inc. 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Notwithstanding any
 provision in this Plan to the contrary: 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 For
 purposes of determining Years of Eligibility Service and Vesting Years of
 Service with respect to any Employee who became an Employee on November 26,
 2012, whose immediate prior service was with Cimarron Energy Inc.
 (“Cimarron”) or an affiliate thereof, and who was employed by such entity at
 such date, service shall commence with his or her most recent date of hire
 with such entity immediately prior to its acquisition by Curtiss-Wright
 Corporation. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 An
 Employee at the operations and facilities that were acquired by
 Curtiss-Wright Corporation in its acquisition of Cimarron, whether or not
 such Employee is described in paragraph (a) above, shall not be eligible to
 participate in and accrue any benefits under the Plan while employed at such
 operations and facilities. 

 

EMD Component 

The EMD Component is
amended as follows: 

	
  

 	
  

 	
  

 
	
 1.

 	
 Effective January 1, 2014, the first sentence of Section 3 is amended
 to read as follows: 

 
	
  

 	
  

 
	
  

 	
 All
 Employees are eligible to participate in the Plan and to elect to make
 contributions thereunder, except as provided hereinbelow. 

 
	
  

 	
  

 
	
 2.

 	
 Effective January 1, 2014, Section 3 (as amended hereinabove) is
 further amended by adding new paragraphs G and H at the end thereof to read,
 respectively, as follows: 

 
	
  

 	
  

 
	
  

 	
 G.

 	
 No
 Employee hired or rehired by, or transferred to, an Employer on or before
 December 31, 2013, shall be eligible to participate in the Plan after January
 1, 2014, unless he has timely filed an election to participate in the Plan
 that is effective on or before January 1, 2014. Such election must be filed
 in accordance with the Plan on or before the later of December 31, 2013, or
 (if applicable) the last day of the 30-day period specified in Section 3.A. 

 
	
  

 	
  

 	
  

 
	
  

 	
 H.

 	
 No
 Employee hired or rehired by, or transferred to, an Employer on or after
 January 1, 2014, shall be eligible to participate in the Plan. 

 
	
  

 	
  

 	
  

 
	
 3.

 	
 Effective January 1, 2010, Section 17.K is amended and restated in
 its entirety to read as follows: 

 
	
  

 	
  

 
	
  

 	
 K.

 	
 Limitations
 Based on Funded Status of the Plan 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Notwithstanding
 any provision of the Plan to the contrary, the following provisions shall
 apply as required by Section 436 of the Code effective for Plan Years
 beginning on or after January 1, 2010: 

 

14

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 1.

 	
 Limitations
 Applicable if Plan’s Adjusted Funding Target Attainment Percentage Is Less
 than 80%, but Not Less than 60%. Notwithstanding any other provisions of the Plan, if the Plan’s
 adjusted funding target attainment percentage for a Plan Year is less than
 80% (or would be less than 80% to the extent described in paragraph (b)
 below) but is not less than 60%, then the limitations set forth in this
 Section 17.K apply. 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 50%
 Limitation on Single Sum Payments, Other Accelerated Forms of Distribution,
 and Other Prohibited Payments. A Participant or Beneficiary is not permitted to elect, and the
 Plan shall not pay, a single sum payment or other optional form of benefit
 that includes a prohibited payment with an annuity starting date on or after
 the applicable section 436 measurement date, and the Plan shall not make any
 payment for the purchase of an irrevocable commitment from an insurer to pay
 benefits or any other payment or transfer that is a prohibited payment,
 unless the present value of the portion of the benefit that is being paid in
 a prohibited payment does not exceed the lesser of: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (1)

 	
 50%
 of the present value of the benefit payable in the optional form of benefit
 that includes the prohibited payment; or 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (2)

 	
 100%
 of the PBGC maximum benefit guarantee amount (as defined in Treasury
 regulations Section 1.436-1(d)(3)(iii)(C). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 The
 limitation set forth in this paragraph (a) does not apply to any payment of a
 benefit which under Code Section 411(a)(11) may be immediately distributed
 without the consent of the Participant. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 If
 an optional form of benefit that is otherwise available under the terms of
 the Plan is not available to a Participant or Beneficiary as of the annuity
 starting date because of the application of the requirements of this
 paragraph (a), the Participant or Beneficiary is permitted to elect to
 bifurcate the benefit into unrestricted and restricted portions (as described
 in Treasury regulations Section 1.436-1(d)(3)(iii)(D)). The Participant or
 Beneficiary may also elect any other optional form of benefit otherwise
 available under the Plan at that annuity starting date that would satisfy the
 50%/PBGC maximum benefit guarantee amount limitation described in this
 paragraph (a), or may elect to defer the entire benefit in accordance with
 any general right to defer commencement of benefits under the Plan. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Plan
 Amendments Increasing Liability for Benefits. No amendment to the Plan that has the
 effect of increasing liabilities of the Plan by reason of increases in
 benefits, establishment of new benefits, changing the rate of benefit
 accrual, or changing the rate at which benefits become nonforfeitable shall
 take effect in a 

 

15

	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 Plan
 Year if the adjusted funding target attainment percentage for the Plan Year
 is: 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (1)

 	
 Less
 than 80%; or 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (2)

 	
 80%
 or more, but would be less than 80% if the benefits attributable to the
 amendment were taken into account in determining the adjusted funding target
 attainment percentage. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 The
 limitation set forth in this paragraph (b) does not apply to any Plan
 amendment that provides a benefit increase under a Plan formula that is not
 based on compensation, provided that the rate of such increase does not exceed
 the contemporaneous rate of increase in the average wages of Participants
 covered by the amendment. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 2.

 	
 Limitations
 Applicable if Plan’s Adjusted Funding Target Attainment Percentage Is Less
 than 60%.
 Notwithstanding any other provisions of the Plan, if the Plan’s adjusted
 funding target attainment percentage for a Plan Year is less than 60% (or
 would be less than 60% to the extent described in paragraph (b) below), then
 the limitations in this subparagraph 2 apply. 

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Single
 Sums, Other Accelerated Forms of Distribution, and Other Prohibited Payments
 Not Permitted. A
 Participant or Beneficiary is not permitted to elect, and the Plan shall not
 pay, a single sum payment or other optional form of benefit that includes a
 prohibited payment with an annuity starting date on or after the applicable
 section 436 measurement date, and the Plan shall not make any payment for the
 purchase of an irrevocable commitment from an insurer to pay benefits or any
 other payment or transfer that is a prohibited payment. The limitation set
 forth in this paragraph (a) does not apply to any payment of a benefit which
 under Code Section 411(a)(11) may be immediately distributed without the
 consent of the Participant. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Shutdown
 Benefits and Other Unpredictable Contingent Event Benefits Not Permitted to
 Be Paid. An
 unpredictable contingent event benefit with respect to an unpredictable
 contingent event occurring during a Plan Year shall not be paid if the
 adjusted funding target attainment percentage for the Plan Year is: 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (1)

 	
 Less
 than 60%; or 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (2)

 	
 60%
 or more, but would be less than 60% if the adjusted funding target attainment
 percentage were redetermined applying an actuarial assumption that the
 likelihood of occurrence of the unpredictable contingent event during the
 Plan Year is 100%. 

 

16

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)

 	
 Benefit
 Accruals Frozen. Benefit accruals under the Plan shall cease as of the
 applicable section 436 measurement date. In addition, if the Plan is required
 to cease benefit accruals under this paragraph (c), then the Plan is not
 permitted to be amended in a manner that would increase the liabilities of
 the Plan by reason of an increase in benefits or establishment of new
 benefits. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 3.

 	
 Limitations
 Applicable if the Plan Sponsor Is in Bankruptcy. Notwithstanding any other
 provisions of the Plan, a Participant or Beneficiary is not permitted to
 elect, and the Plan shall not pay, a single sum payment or other optional
 form of benefit that includes a prohibited payment with an annuity starting
 date that occurs during any period in which the Plan sponsor is a debtor in a
 case under Title 11 of the United States Code, or similar federal or state
 law, except for payments made within a Plan Year with an annuity starting
 date that occurs on or after the date on which the enrolled actuary certifies
 that the Plan’s adjusted funding target attainment percentage for that Plan
 Year is not less than 100%. In addition, during such period in which the Plan
 sponsor is a debtor, the Plan shall not make any payment for the purchase of
 an irrevocable commitment from an insurer to pay benefits or any other
 payment or transfer that is a prohibited payment, except for payments that
 occur on a date within a Plan Year that is on or after the date on which the
 enrolled actuary certifies that the Plan’s adjusted funding target attainment
 percentage for that Plan Year is not less than 100%. The limitation set forth
 in this subparagraph 3 does not apply to any payment of a benefit which under
 Code Section 411(a)(11) may be immediately distributed without the consent of
 the Participant. 

 
	
  

 	
  

 	
  

 
	
  

 	
 4.

 	
 Provisions
 Applicable after Limitations Cease to Apply.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Resumption
 of Prohibited Payments. If a limitation on prohibited payments under
 subparagraphs 1(a), 2(a), or 3 applied to the Plan as of a section 436
 measurement date, but that limit no longer applies to the Plan as of a later
 section 436 measurement date, then that limitation does not apply to benefits
 with annuity starting dates that are on or after that later section 436
 measurement date. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Resumption
 of Benefit Accruals. If a limitation on benefit accruals under subparagraph
 2(c) applied to the Plan as of a section 436 measurement date, but that
 limitation no longer applies to the Plan as of a later section 436
 measurement date, then benefit accruals shall resume prospectively and that
 limitation does not apply to benefit accruals that are based on service on or
 after that later section 436 measurement date, except as otherwise provided
 under the Plan. The Plan shall comply with the rules relating to partial
 years of participation and the prohibition on double proration under
 Department of Labor regulations Sections 2530.204-2(c) and 2530.204-2(d). 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)

 	
 Shutdown
 and Other Unpredictable Contingent Event Benefits. If an unpredictable
 contingent event benefit with respect to an 

 

17

	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 unpredictable
 contingent event that occurs during the Plan Year is not permitted to be paid
 after the occurrence of the event because of the limitation of subparagraph
 2(b) above, but is permitted to be paid later in the same Plan Year (as a
 result of additional contributions or pursuant to the enrolled actuary’s
 certification of the adjusted funding target attainment percentage for the
 Plan Year that meets the requirements of Treasury regulations Section
 1.436-1(g)(5)(ii)(B)), then that unpredictable contingent event benefit shall
 be paid, retroactive to the period that benefit would have been payable under
 the terms of the Plan (determined without regard to subparagraph 2(b) above).
 If the unpredictable contingent event benefit does not become payable during
 the Plan Year in accordance with the preceding sentence, then the Plan is
 treated as if it does not provide for that benefit and, thus, no unpredictable
 contingent event benefit shall be payable. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (d)

 	
 Treatment
 of Plan Amendments that Do Not Take Effect. If a Plan amendment does not take
 effect as of the effective date of the amendment because of the limitation of
 subparagraphs 1(b) or 2(c), but is permitted to take effect later in the same
 Plan Year (as a result of additional contributions or pursuant to the
 enrolled actuary’s certification of the adjusted funding target attainment
 percentage for the Plan Year that meets the requirements of Treasury
 regulations Section 1.436-1(g)(5)(ii)(C)), then the Plan amendment must
 automatically take effect as of the first day of the Plan Year (or, if later,
 the original effective date of the amendment). If the Plan amendment cannot
 take effect during the same Plan Year, then it shall be treated as if it were
 never adopted, unless the Plan amendment provides otherwise. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 5.

 	
 Notice
 Requirement. The
 Administrative Committee, as the Plan administrator, shall comply with ERISA
 Section 101(j) regarding the requirement that the Plan administrator provide
 a written notice to Participants and Beneficiaries within 30 days after
 certain specified dates if the Plan has become subject to a limitation
 described in subparagraphs 1(a), 2, or 3 above. 

 
	
  

 	
  

 	
  

 
	
  

 	
 6.

 	
 Methods
 to Avoid or Terminate Benefit Limitations. Curtiss-Wright Corporation, as the Plan
 sponsor, shall comply with Code Sections 436(b)(2), (c)(2), (e)(2), and (f),
 and Treasury regulations Section 1.436-1(f), regarding employer contributions
 and other methods to avoid or terminate the application of the limitations
 set forth in subparagraphs 1 through 3 above for a Plan Year. In general, the
 methods a Plan sponsor may use to avoid or terminate one or more of the
 benefit limitations under subparagraphs 1 through 3 above for a Plan Year
 include employer contributions and elections to increase the amount of Plan
 assets which are taken into account in determining the adjusted funding
 target attainment percentage, making an employer contribution that is
 specifically designated as a current year contribution that is made to avoid
 or terminate application of certain of the benefit limitations, or providing
 security to the Plan. 

 

18

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 7.

 	
 Special
 Rules.

 
	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Rules
 of Operation for Periods Prior to and after Certification of Plan’s Adjusted
 Funding Target Attainment Percentage. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (1)

 	
 In
 General. Code Section 436(h) and Treasury regulations Section 1.436-1(h) set
 forth a series of presumptions that apply for purposes of this Section 17.K: 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (i)

 	
 Before
 the enrolled actuary issues a certification of the Plan’s adjusted funding
 target attainment percentage for the Plan Year; and 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (ii)

 	
 If
 the enrolled actuary does not issue a certification of the Plan’s adjusted
 funding target attainment percentage for the Plan Year before the first day
 of the tenth month of the Plan Year (or if the enrolled actuary issues a
 range certification for the Plan Year pursuant to Treasury regulations
 Section 1.436-1(h)(4)(ii) but does not issue a certification of the specific
 adjusted funding target attainment percentage for the Plan by the last day of
 the Plan Year). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 For
 any period during which a presumption under Code Section 436(h) and Treasury
 regulations Section 1.436-1(h) applies to the Plan, the limitations under
 subparagraphs 1 through 3 above are applied to the Plan as if the adjusted
 funding target attainment percentage for the Plan Year were the presumed
 adjusted funding target attainment percentage determined under the rules of
 Code Section 436(h) and Treasury regulations Section 1.436-1(h)(1), (2), or
 (3). These presumptions are set forth in subparagraphs (2) through (4) below.

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (2)

 	
 Presumption
 of Continued Underfunding Beginning First Day of Plan Year. If a limitation under subparagraphs (a),
 (b), or (c) above applied to the Plan on the last day of the preceding Plan Year, then, commencing on
 the first day of the current Plan Year and continuing until the enrolled
 actuary issues a certification of the adjusted funding target attainment
 percentage for the Plan for the current Plan Year, or, if earlier, the date
 subparagraphs (3) or (4) below apply to the Plan: 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (i)

 	
 The
 adjusted funding target attainment percentage of the Plan for the current
 Plan Year is presumed to be the adjusted funding target attainment percentage
 in effect on the last day of the preceding Plan Year; and 

 

19

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (ii)

 	
 The
 first day of the current Plan Year is a section 436 measurement date. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (3)

 	
 Presumption
 of Underfunding Beginning First Day of Fourth Month. If the enrolled actuary has not issued a
 certification of the adjusted funding target attainment percentage for the
 Plan Year before the first day of the fourth month of the Plan Year and the
 Plan’s adjusted funding target attainment percentage for the preceding Plan
 Year was either at least 60% but less than 70%, or at least 80% but less than
 90%, or is described in Treasury regulations Section 1.436-1(h)(2)(ii), then,
 commencing on the first day of the fourth month of the current Plan Year and
 continuing until the enrolled actuary issues a certification of the adjusted
 funding target attainment percentage for the Plan for the current Plan Year,
 or, if earlier, the date subparagraph (4) below applies to the Plan: 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (i)

 	
 The
 adjusted funding target attainment percentage of the Plan for the current
 Plan Year is presumed to be the Plan’s adjusted funding target attainment
 percentage for the preceding Plan Year reduced by 10 percentage points; and 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (ii)

 	
 The
 first day of the fourth month of the current Plan Year is a section 436
 measurement date. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (4)

 	
 Presumption
 of Underfunding on and after First Day of Tenth Month. If the enrolled actuary has not issued a
 certification of the adjusted funding target attainment percentage for the
 Plan Year before the first day of the tenth month of the Plan Year (or if the
 enrolled actuary has issued a range certification for the Plan Year pursuant
 to Treasury regulations Section 1.436-1(h)(4)(ii) but has not issued a
 certification of the specific adjusted funding target attainment percentage
 for the Plan by the last day of the Plan Year), then, commencing on the first
 day of the tenth month of the current Plan Year and continuing through the
 end of the Plan Year: 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (i)

 	
 The
 adjusted funding target attainment percentage of the Plan for the current
 Plan Year is presumed to be less than 60%; and 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
  

 	
 (ii)

 	
 The
 first day of the tenth month of the current Plan Year is a section 436
 measurement date. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 New
 Plans, Plan Termination, Certain Frozen Plans, and Other Special Rules. 

 

20

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (1)

 	
 First
 Five Plan Years.
 The limitations in subparagraphs 1(b), 2(b), and 2(c) do not apply to a new
 plan for the first five Plan Years of the plan, determined under the rules of
 Code Section 436(i) and Treasury regulations Section 1.436-1(a)(3)(i). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (2)

 	
 Plan
 Termination. The
 limitations on prohibited payments in subparagraphs 1(a), 2(a), and 3 do not
 apply to prohibited payments that are made to carry out the termination of
 the Plan in accordance with applicable law. Any other limitations under this
 Section 17.K of the Plan do not cease to apply as a result of termination of
 the Plan. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (3)

 	
 Exception
 to Limitations on Prohibited Payments under Certain Frozen Plans. The limitations on prohibited payments
 set forth in subparagraphs 1(a), 2(a), and 3 do not apply for a Plan Year if
 the terms of the Plan, as in effect for the period beginning on September 1,
 2005, and continuing through the end of the Plan Year, provide for no benefit
 accruals with respect to any Participant. This subparagraph (3) shall cease
 to apply as of the date any benefits accrue under the Plan or the date on
 which a Plan amendment that increases benefits takes effect. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (4)

 	
 Special
 Rules Relating to Unpredictable Contingent Event Benefits and Plan Amendments
 Increasing Benefit Liability. During any period in which none of the presumptions under
 subparagraph 7(a) apply to the Plan and the enrolled actuary has not yet
 issued a certification of the Plan’s adjusted funding target attainment
 percentage for the Plan Year, the limitations under subparagraphs 1(b) and
 2(b) shall be based on the inclusive presumed adjusted funding target
 attainment percentage for the Plan, calculated in accordance with the rules
 of Treasury regulations Section 1.436-1(g)(2)(iii). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)

 	
 Special
 Rules under Preservation of Access to Care for Medicare Beneficiaries and
 Pension Relief Act of 2010 (“PRA 2010”). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (1)

 	
 Payments
 under Social Security Leveling Options. For purposes of determining whether the
 limitations under subparagraphs 1(a) or 2(a) apply to payments under a Social
 Security leveling option, within the meaning of Code Section 436(j)(3)(C)(i),
 the adjusted funding target attainment percentage for a Plan Year shall be
 determined in accordance with the “Special Rule for Certain Years” under Code
 Section 436(j)(3) and any Treasury regulations or other published guidance
 thereunder issued by the Internal Revenue Service. 

 

21

	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
  

 	
 (2)

 	
 Limitation
 on Benefit Accruals.
 For purposes of determining whether the accrual limitation under subparagraph
 2(c) applies to the Plan, the adjusted funding target attainment percentage
 for a Plan Year shall be determined in accordance with the “Special Rule for
 Certain Years” under Code Section 436(j)(3) (except as provided under Section
 203(b) of PRA 2010, if applicable). 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (d)

 	
 Interpretation
 of Provisions. The
 limitations imposed by this Section 17.K shall be interpreted and
 administered in accordance with Code Section 436 and Treasury regulations
 Section 1.436-1. 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
 8.

 	
 Definitions. The definitions in the following Treasury
 regulations apply for purposes of subparagraphs 1 through 7: 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (a)

 	
 Section
 1.436-1(j)(1), defining adjusted funding target attainment percentage; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (b)

 	
 Section
 1.436-1(j)(2), defining annuity starting date; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (c)

 	
 Section
 1.436-1(j)(6), defining prohibited payment; 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (d)

 	
 Section
 1.436-1(j)(8), defining section 436 measurement date; and 

 
	
  

 	
  

 	
  

 	
  

 
	
  

 	
  

 	
 (e)

 	
 Section
 1.436-1(j)(9), defining an unpredictable contingent event and an
 unpredictable contingent event benefit. 

 
	
  

 	
  

 	
  

 	
  

 	
  

 	
  

 
	
  

 	
 9.

 	
 Effective
 Date. The rules in
 this Section 17.K are effective for Plan Years beginning after December 31,
 2009. The requirements of Code Section 436 are hereby incorporated by
 reference in the Plan for earlier Plan Years beginning after December 31,
 2007. 

 

Except to the
extent amended by this Instrument of Amendment, the Plan shall remain in full
force and effect. 

IN WITNESS
WHEREOF, this amendment has been executed on this ____ day of
__________________, 2012. 

	
  

 	
  

 	
  

 
	
  

 	
  

 	
 Curtiss-Wright Corporation

 
	
  

 	
  

 	
 Administrative Committee

 
	
  

 	
  

 	
  

 
	
  

 	
 By:

 	
  

 
	
  

 	
  

 	

 

 
	
  

 	
  

 	
  

 
	
  

 	
 Date:

 	
  

 
	
  

 	
  

 	

 

 

22

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