Document:

exv10w2

Exhibit 10.2

GARDNER DENVER, INC.

LONG-TERM CASH BONUS AWARD AGREEMENT

LONG-TERM INCENTIVE PLAN

     THIS LONG-TERM CASH BONUS AWARD AGREEMENT (“Agreement”), made effective as of the Grant Date
(as defined in paragraph 1), by and between «FirstName» «LastName» (hereinafter the “Participant”)
and Gardner Denver, Inc. (hereinafter the “Company”);

WITNESSETH THAT:

     WHEREAS, the Company maintains the Long-Term Incentive Plan (the “Plan”) and the Participant
has been selected by the committee administering the Plan (the “Committee”) to receive a Long-Term
Cash Bonus Award (“Award”) under the Plan:

     NOW, THEREFORE, IT IS AGREED, by and between the Company and the Participant, as follows:

     1. Benefits. Participant shall be eligible to receive any and all benefits to which he
is entitled to receive for the Long Term Cash Bonus Award under the terms and subject to the
conditions of the Plan, as amended from time to time, which terms and conditions are hereby made a
part hereof and are incorporated herein by reference. In the event of any inconsistency or conflict
between the terms of the Plan and those of this Award Agreement, the terms of the Plan shall
prevail. Terms which are not specifically defined herein shall have the meanings ascribed to them
in the Plan.

     2. Terms of Award. The following terms used in this Agreement shall have the meanings
set forth below:

          (a)
Grant Date. The “Grant Date” is <<Insert
Date>>.

          (b) Performance Period. The “Performance Period” is the period beginning on the Grant
Date and ending on the third anniversary of the Grant Date.

          (c) Base Salary Factor. The “Base Salary Factor” to be used in calculating the
Participant’s Award granted hereunder by application to the Participant’s Base Salary in effect as
of the end of the Performance Period, is «BonusTarget».

          (d) Performance Targets. The “Performance Targets” which must be met by the end of the
Performance Period in order for the Participant to receive an Award hereunder are the following
percentage increases in the compound growth rate of earnings before taxes for the Company’s
industrial businesses (i.e., excluding petroleum products) (the “Earnings Growth Rate”):

	 	 	 	 	 
	Threshold Performance
	 	Target Performance
	 	Maximum Performance
	4%
	 	8%
	 	12%

          (e) Payment Opportunity. The Participant’s “Payment Opportunity” is determined by the
extent to which the Performance Targets set forth in this paragraph 1(d) are met by the end of the
Performance Period in accordance with the following table:

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	Performance Target Achieved	 	Payment Opportunity
	 
	 	 	 	 
	Threshold Performance
	 	 	50	%
	Target Performance
	 	 	100	%
	Maximum Performance
	 	 	200	%

The Payment Opportunity for an Earnings Growth Rate occurring between stated Performance Targets at
the end of any Performance Period shall be determined through simple interpolation. An Earnings
Growth Rate below the Threshold Performance in any Performance Period will result in no Award
payment for that Performance Period.

          (f) Date of Termination. The Participant’s “Date of Termination” shall be the first
day occurring on or after the Grant Date on which the Participant is no longer employed by the
Company or any Subsidiary or Affiliate of the Company, regardless of the reason for the termination
of employment; provided that a termination of employment shall not be deemed to occur by reason of
a transfer of the Participant between the Company and a Subsidiary or between two Subsidiaries. All
determinations regarding employment shall be made by the Committee.

          (g) Target Performance. Target Performance means the Earnings Growth Rate Performance
Target for the Performance Period, the attainment of which is necessary for the payment of a 100%
Payment Opportunity.

          (h) Threshold Performance. Threshold Performance means the Earnings Growth
Rate Performance Target for the Performance Period, the attainment of which is necessary for the
payment of a 50% Payment Opportunity and for the payment of any Award at the conclusion of a
Performance Period.

          (i) Maximum Performance. Maximum Performance means the Earnings Growth Rate
Performance Target for the Performance Period, the attainment of which is necessary for the payment
of a 200% Payment Opportunity.

          (j)
Earnings Before Taxes. <<Insert Year>>
Long-Term Cash Bonus Award based on <<Insert Year>> EBT
for the Company’s industrial businesses (i.e., excluding
petroleum products) of $<<Insert EBT>>
(excluding amortization of goodwill).

     3. Award. The Participant is hereby awarded a Long-Term Cash Bonus Award under the
Plan in an amount to be determined in accordance with the terms set forth in paragraph 2 above,
subject to the achievement of the Performance Targets set forth therein. The Committee shall
compute the specific amount of Long-Term Cash Bonus Award payable to the Participant hereunder by
applying the Base Salary Factor set forth above to the Participant’s Base Salary in effect as of
the end of the Performance Period and multiplying that product by the applicable payment
opportunity as of the end of the Performance Period in accordance with the following formula:

Payment Opportunity X (Base Salary Factor X Base Salary)

In the event the Award calculated in accordance with the provisions of paragraph 2 above exceeds
the maximum Award permissible under the terms of the Plan, then such Award shall automatically be
reduced to the maximum permitted under the terms of the Plan.

     4. Payment. Unless the Participant’s Date of Termination occurs during the Performance
Period, then, as soon as practicable following the end of the Performance Period, but no later than
March 15th following the calendar year in which occurs the later of the time the legally
binding right to the

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payment arises or the time such right first ceases to be subject to a substantial risk of
forfeiture, the Participant shall be paid in a lump sum in either cash or Restricted Stock, at the
sole and absolute discretion of the Committee, an Award calculated in accordance with the terms and
methodology set forth in paragraph 2 hereof. In the event the Participant’s Date of Termination
occurs prior to the end of the Performance Period for any reason other than death, Disability, or
Retirement, the Award granted hereunder, if any, shall be forfeited as of the Date of Termination,
unless the Committee determines otherwise in its sole and absolute discretion. In the event the
Participant’s Date of Termination occurs prior to the end of the Performance Period due to the
Participant’s death, Disability, or Retirement, then the Participant shall receive a prorated
payment of the Award payable hereunder, if any, at the end of the Performance Period, but no later
than March 15th following the calendar year in which occurs the later of the time the
legally binding right to the payment arises or the time such right first ceases to be subject to a
substantial risk of forfeiture, based on the portion of the Performance Period elapsed as of the
Date of Termination and the achievement of the Performance Targets as of the end of the Performance
Period.

     5. Assignment and Transfer. Participant shall not sell, transfer, assign, hypothecate,
pledge, grant a security interest in, or in any other way alienate any Award granted hereunder, or
any interest or right therein, except by will or the laws of descent and distribution, and any such
attempted transfer, assignment, hypothecation, pledge or grant of a security interest shall be null
and void and of no legal force or effect.

     6. Acceleration of Payment Upon Change in Control. In the event of a Change in
Control, then the Participant shall receive a prorated payment of the Award payable hereunder, if
any, at the end of the Performance Period, but no later than March 15th following the
calendar year in which occurs the later of the time the legally binding right to the payment arises
or the time such right first ceases to be subject to a substantial risk of forfeiture, based on the
portion of the Performance Period elapsed as of the Date of Termination and the achievement of the
Performance Targets as of the end of the Performance Period..

     7. Non-competition, Non-solicitation, and Non-disclosure. The Committee in its sole
discretion, may require the Participant to reimburse immediately, without consideration from the
Company, the sum total of the last Award made hereunder, and forfeit any Award earned but not paid
hereunder if any of the following events occur: (a) the Participant, as individual or as a partner,
employee, agent, advisor, consultant or in any other capacity of or to any person, firm,
corporation or other entity, directly or indirectly, carries on any business, or becomes involved
in any business activity, competitive with the Company or any subsidiary, in violation of the
Company’s Code of Ethics and Business Conduct (CP-10-002); (b) the Participant solicits or entices
any other employee of the Company or its affiliates to leave the Company or its affiliates to go to
work for any other business or organization which is in direct or indirect competition with the
Company or any of its affiliates, or request or advises a customer or client of the Company or its
affiliates to curtail or cancel such customer’s business relationship with the Company or its
affiliates; or (c) the Participant fails to abide by the contractual terms of the Employee
Non-disclosure Agreement and/or Invention Assignment Agreement, as applicable, which were executed
in accordance with the Company’s Security of Confidential and Proprietary Information Policy
(CP-10-013) during the Participant’s employment with the Company.

     8. Unearned Awards. In the event the Company restates its financial results within 12
months of an Award made hereunder due to material non-compliance by the Company with any financial
reporting requirements of the federal securities laws, (as determined by the members of the
Compensation Committee and/or the Board who are “independent” under the Company’s corporate
governance guidelines), the Company may recover from the Participant, in such manner as the Company
deems appropriate under the circumstances, the difference between (x) the sum total of the Award
actually awarded to the Participant and (y) the amount of the Award such Participant would have
received had the Award been calculated based on the restated financial statements.

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     9. Withholding. All payments and distributions under this Agreement are subject to
withholding of all applicable taxes.

     10. Miscellaneous. This Agreement contains the entire agreement of the parties with
respect to its subject matter. This Agreement shall be binding upon and inure to the benefit of the
respective parties, the successors and assigns of the Company, and the heirs and personal
representatives of the Participant.

     11. Governing Law. This Agreement shall be governed by and construed and enforced in
accordance with the laws of the State of Delaware without reference to its principles of conflict
of laws.

     12. Heirs and Successors. This Agreement shall be binding upon, and inure to the
benefit of, the Company and its successors and assigns, and upon any person acquiring, whether by
merger, consolidation, purchase of assets or otherwise, all or substantially all of the Company’s
assets and business. If any rights exercisable by the Participant or benefits deliverable to the
Participant under this Agreement have not been exercised or delivered, respectively, at the time of
the Participant’s death, such rights shall be exercisable by the Designated Beneficiary, and such
benefits shall be delivered to the Designated Beneficiary, in accordance with the provisions of
this Agreement and the Plan. The “Designated Beneficiary” shall be the beneficiary or beneficiaries
designated by the Participant in a writing filed with the Committee in such form and at such time
as the Committee shall require. If a deceased Participant fails to designate a beneficiary, or if
the Designated Beneficiary does not survive the Participant, any benefits distributable to the
Participant hereunder shall be distributed to the legal representative or the estate of the
Participant. If a deceased Participant designates a beneficiary but the Designated Beneficiary dies
before the complete distribution of benefits to the Designated Beneficiary under this Agreement,
then any benefits that would have been distributed to the Designated Beneficiary shall be
distributed to the legal representative or the estate of the Designated Beneficiary.

     13. Administration. The authority to manage and control the operation and
administration of this Agreement shall be vested in the Committee, and the Committee shall have all
powers with respect to this Agreement as it has with respect to the Plan. Any interpretation of the
Agreement by the Committee and any decision made by it with respect to the Agreement is final and
binding on all persons.

     14. Interpretation and Savings Clause.
All terms and conditions of this Agreement
applicable to qualified performance-based compensation shall be construed to be in accordance
with the qualified performance-based compensation requirements of Section 162(m) of the Internal
Revenue Code, and any offending or non-compliant terms shall be amended, voided and/or reformed to
the extent necessary to comply with Section 162(m). Likewise, all terms and conditions of this
Agreement applicable to any non-qualified deferred compensation shall be construed to be in
accordance with the non-qualified deferred compensation requirements of Section 409A of the
Internal Revenue Code, including but not limited to its short term deferral exception, and any
offending or non-compliant terms shall be amended, voided and/or reformed to the extent necessary
to comply with Section 409A.

     15. Not an Employment Contract. This Agreement will not confer on the Participant any
right with respect to continuance of employment or other service with the Company or any
Subsidiary, nor will it interfere in any way with any right the Company or any Subsidiary would
otherwise have to terminate or modify the terms of such Participant’s employment or other service
at any time.

     16. Amendment. This Agreement may be amended by written agreement of the Participant
and the Company, without the consent of any other person.

     17. Entire Agreement. This Agreement sets forth the entire agreement, and supersedes
all other agreements and understandings, whether oral or written, by and between the parties
relating to the subject matter hereof.

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IN WITNESS WHEREOF, the Participant has executed this Agreement, and the Company has caused these
presents to be executed in its name and on its behalf, all as of the Grant Date.

	 	 	 	 	 
	 	 	Gardner Denver, Inc.
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	By:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	Title:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 	 	Participant
	 
	 	 	 	 
	 

	 	Signed:	 	 
	 

	 	 	 	 
	 
	 	 	 	 
	 
	 	 	 	 
	 

	 	Date:	 	 
	 

	 	 	 	 

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Exhibit 10.3

GARDNER DENVER, INC.

EXECUTIVE ANNUAL BONUS PLAN

As Amended and Restated

I. Purpose of the Plan

     The Gardner Denver, Inc. Executive Annual Bonus Plan (the “Plan”) is intended to provide
Gardner Denver, Inc. (the “Company”) a means by which it can engender and sustain a sense of
personal commitment on the part of its senior executives in the continued growth, development and
financial success of the Company and encourage them to remain with and devote their best efforts to
the business of the Company, thereby advancing the interests of the Company and its shareholders.
Accordingly, the Company may award to senior executives annual incentive compensation on the terms
and conditions established herein.

II. Definitions

     2.1 “Annual Incentive Award” or “Award” means the compensation payable in cash granted under
the Plan to a Participant by the Committee pursuant to such terms, conditions, restrictions and
limitations established by the Committee and the Plan.

     2.2 “Board” means the Board of Directors of the Company.

     2.3 For all purposes of the Plan, a “Change in Control” shall have occurred if any of the
following events shall occur:

     (a) any “person” (as defined in Sections 13(d) and 14(d) of U.S. Securities Exchange
Act of 1934, as amended (the “Exchange Act”), other than the Company, any trustee or other
fiduciary holding securities under an employee benefit plan of the Company or any subsidiary
of the Company, or any corporation owned, directly or indirectly, by the stockholders of the
Company in substantially the same proportions as their ownership of stock of the Company,
acquires “beneficial ownership” (as defined in Rule 13d-3 under the Exchange Act) of
securities representing 20% of the combined voting power of the then-outstanding securities
of the Company entitled to vote in the election of directors (the “Voting Securities”);

     (b) during any period of not more than two consecutive years, individuals who, at the
beginning of such period, constitute the Board and any new directors (other than any
director designated by a person who has entered into an agreement with the Company to effect
a transaction described in subsections 2.3(a), 2.3(c), or 2.3(d) of this Plan) whose
election by the Board or nomination for election by the Company’s stockholders was approved
by a vote of at least two-thirds (2/3) of the directors then still in office who either were
directors at the beginning of the period or whose election or nomination for election was
previously so approved, cease for any reason to constitute at least a majority of the Board;

 

 

     (c) the stockholders of the Company approve and the Company consummates a merger other
than (A) a merger that would result in the voting securities of the Company outstanding
immediately prior thereto continuing to represent (either by remaining outstanding or by
being converted into voting securities of the surviving entity), in combination with the
ownership of any trustee or other fiduciary holding securities under an employee benefit
plan of the Company and any Subsidiary, at least 50% of the combined voting power of all
classes of stock of the Company or such surviving entity outstanding immediately after such
merger or (B) a merger effected to implement a recapitalization of the Company (or similar
transaction) in which no person acquires more than 50% of the combined voting power of the
Voting Securities; or

     (d) the stockholders of the Company approve and the Company consummates a plan of
complete liquidation or dissolution of the Company, or a sale of all or substantially all of
the assets of the Company.

A Change in Control has not occurred solely because any person acquired beneficial ownership of 20%
or more of the outstanding Voting Securities as a result of the Company’s acquisition of Voting
Securities which reduced the number of Voting Securities outstanding and increased the person’s
number of shares proportionately owned.

     2.4 “Code” means the Internal Revenue Code of 1986, as amended from time to time.

     2.5 “Commission” means the Securities and Exchange Commission.

     2.6 “Committee” means the Management Development and Compensation Committee of the Board, or
such other committee designated by the Board to administer the Plan, provided that the Committee
shall consist of three or more persons, each of whom is an “outside director” within the meaning of
Section 162(m) and a “disinterested person” within the meaning of Rule 16b-3 under the Exchange
Act.

     2.7 “Employee” means an employee of the Company or any of its subsidiaries or affiliates.

     2.8 “Exchange Act” means the Securities Exchange Act of 1934, as amended.

     2.9 “Participant” means a Senior Executive Officer of the Company who is selected by the
Committee to participate in the Plan.

     2.10 “Plan” means the Gardner Denver, Inc. Management Annual Incentive Plan dated January 1,
2001.

     2.11 “Performance Goals” shall be defined as the performance criterion or criteria established
by the Committee, pursuant to Section V hereof, for the purpose of determining Awards under the
Plan.

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     2.12 “Performance Period” means the consecutive 12 month period that constitutes the Company’s
fiscal year.

     2.13 “Section 162(m)” means Section 162(m) of the Code and the regulations promulgated
thereunder.

     2.14 “Senior Executive Officer” means the Chairman, Chief Executive Officer, President, any
Executive Vice President, any Senior Vice President, any senior officer reporting directly to the
Chief Executive Officer and any other Vice President or senior executive or officer designated by
the Chief Executive Officer.

     2.15 “Voting Stock” means securities entitled to vote in an election of Directors of the
Company.

III. Administration

     3.1 The overall administration of the Plan, including the final determination of Awards to
each Participant, is vested in the Committee.

     3.2 Determinations of the Committee in administering the Plan shall be final and binding upon
all Participants.

IV. Eligibility

     Participation in the Plan shall be limited to Senior Executive Officers. Participants will be
selected for participation annually by the Committee not later than 90 days after the commencement
of the Performance Period. The Committee may withdraw its approval for participation in the Plan
for a Participant at any time. In the event of such withdrawal, such Participant shall cease to be
a Participant as of the date designated by the Committee and the Employee shall be notified of such
withdrawal as soon as practicable following such action. Further, such Employee shall cease to
have any right to an Award for the Performance Period in which such withdrawal is effective;
provided, however, that the Committee may, in its sole discretion, authorize a prorated award based
on the number of full months of participation prior to the effective date of such withdrawal and
the Company’s performance during such period.

V. Performance Goals and Measures

     5.1. Performance Goals shall be established by the Committee not later than 90 days after
commencement of the Performance Period relating to a specific Award. The Performance Goals may be
identical for all Participants or, at the discretion of the Committee, may be different to reflect
more appropriate measures of individual performance. The criterion or criteria used in
establishing Performance Goals may, at the discretion of the Committee, include one or any
combination of the following: (i) the Company’s return on equity, assets, capital or investment;
(ii) pre-tax or after-tax profit levels expressed in absolute dollars or earnings per share of the
Company; or (iii) operating cash flow or cash flow from operating activities. The Performance
Goals established by the Committee shall include a threshold level of performance

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below which no Award will be payable and a maximum Award opportunity for each Senior Executive
Officer. The determination of attainment of the Performance Goals shall be determined in
accordance with generally accepted accounting principles and certified in writing by the Committee.

     5.2 The Committee shall be authorized to make adjustments in the method of calculating
attainment of Performance Goals in recognition of: (i) extraordinary or non-recurring items; (ii)
changes in tax laws; (iii) changes in generally accepted accounting principles or changes in
accounting policies; (iv) charges related to restructured or discontinued operations; (v)
restatement of prior period financial results; and (vi) any other unusual, non-recurring gain or
loss that is separately identified and quantified in the Company’s financial statements.

VI. Awards

     6.1 Awards under the Plan shall be paid in cash.

     6.2 At the first meeting of the Committee after the expiration of the Performance Period, the
Committee shall review the prior year’s performance in relation to the Performance Goals and
determine the level of achievement of the Performance Goals. Payment of Annual Incentive Awards to
Participants under the Plan shall occur only after the Committee has certified in writing that the
Performance Goals have been achieved for the relevant Performance Period. Notwithstanding the
attainment of Performance Goals for the Company as a whole, Awards for Individual Participants
under the Plan may be denied or adjusted by the Committee, in its sole judgment, based on its
assessment of the Participant’s performance. However, no upward adjustment may be made to an
Annual Incentive Award for a Participant if Section 162(m) would limit the deduction the Company
may claim for that Participant’s compensation. The maximum Annual Incentive Award that may be
granted to a Senior Executive Officer under the Plan for any Performance Period may not exceed
$3,000,000 or, if less, three times the Senior Executive Officer’s base salary as of the last day
of the Performance Period. In no case shall any payment be made hereunder later than March
15th following the calendar year in which occurs the later of the time the legally
binding right to the payment arises or the time such right first ceases to be subject to a
substantial risk of forfeiture.

VII. Deferrals and Settlements

     The Committee may permit Participants to elect to defer receipt of all or a portion of the
Annual Incentive Award under administrative policies established by the Company from time to time,
which shall be in compliance with Sections 162(m) and Section 409A of the Code.

VIII. Withholding Taxes

     The Company shall have the right to deduct from any payment to be made pursuant to the Plan
the amount of any taxes required by law.

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IX. No Right to Continued Employment or Awards

     No person shall have any claim or right to be granted an Award, and the granting of an Award
shall not be construed as giving a Participant the right to be retained in the employ of the
Company or any of its subsidiaries. Further, the Company and its subsidiaries expressly reserve
the right at any time to terminate the employment of any Participant free from any liability under
the Plan; except that a Participant who was actively employed as of the last day of the applicable
Performance Period shall be eligible to receive payment of his Award, as determined pursuant to
Section 6.2 hereof, even though the Participant is no longer an active employee of the Company at
the time the Committee actually pays Awards under the Plan for the applicable Performance Period.
The Committee shall also have the discretion to grant eligibility to a Participant to receive
payment of an Award, notwithstanding the fact that the Participant is not employed by the Company
at the end of the Performance Period.

X. Change in Control

     Immediately upon a Change in Control, the Participant shall receive a prorated payment of the
Award payable hereunder at the target Performance Goal level and the Company shall make a payment
in cash to each Participant within ten (10) days after the effective date of the Change in Control
in the amount of such target Award, but in no case shall any payment be made hereunder later than
March 15th following the calendar year in which occurs the later of the time the legally
binding right to the payment arises or the time such right first ceases to be subject to a
substantial risk of forfeiture. The granting of Awards under the Plan shall in no way affect the
right of the Company to adjust, reclassify, reorganize, or otherwise change its capital or business
structure, or to merge, consolidate, dissolve, liquidate, sell or transfer all or any portion of
its business or assets.

XI. Amendment, Modification, Suspension or Termination

     The Board may amend, modify, suspend or terminate this Plan for any purpose except that no
amendment or alteration shall be effective prior to approval by the Company’s shareholders to the
extent such approval is then required pursuant to Section 162(m) or otherwise required as a matter
of law. Further, no amendment to the Plan shall be effective that would: (i) increase the maximum
amount that can be paid to a Participant under the Plan; (ii) change the performance criterion or
criteria set forth in Section V hereof for payment of Awards; or (iii) modify the eligibility
requirements for Participants in the Plan unless first approved by the Company’s shareholders.

XII. Governing Law

     The validity, construction and effect of the Plan and any actions taken or relating to the
Plan shall be determined in accordance with the laws of the State of Delaware and applicable
federal law.

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XIII. Other Benefit and Compensation Programs

     Unless otherwise specifically provided to the contrary in the relevant plan, program or
practice, Awards received by Participants under the Plan shall not be deemed a part of a
Participant’s regular, recurring compensation for purposes of calculating payments or benefits
under any other Company benefit plan, program or practice or any severance policy of the Company.
Further, the Company may adopt other compensation programs, plans or arrangements for employees
below the level of Senior Executive Officer as it deems necessary and appropriate.

XIV. Successors and Assigns

     The Plan shall be binding on all successors and assigns of a Participant, including, without
limitation, the estate of such Participant and the executor, administrator or trustee of such
estate, or any receiver or trustee in bankruptcy or representative of the Participant’s creditors.

XV. Effective Date

     This Plan was originally effective on January 1, 2006 following approval by the Company’s
shareholders at the annual meeting of the Company’s shareholders held in May 2005. The Plan was
amended and restated on November 4, 2008. Subject to earlier termination pursuant to Section XI,
the Plan shall terminate effective December 31, 2010. After termination of the Plan, no future
awards may be granted under the Plan.

XVI. Interpretation and Savings

     All terms and conditions of this Plan applicable to qualified performance-based
compensation shall be construed to be in accordance with the qualified performance-based
compensation requirements of Section 162(m) of the Internal Revenue Code, and any offending or
non-compliant terms shall be amended, voided and/or reformed to the extent necessary to comply with
Section 162(m). Likewise, all terms and conditions of this Plan applicable to any non-qualified
deferred compensation shall be construed to be in accordance with the non-qualified deferred
compensation requirements of Section 409A of the Internal Revenue Code, including but not limited
to its short term deferral exception, and any offending or non-compliant terms shall be amended,
voided and/or reformed to the extent necessary to comply with Section 409A.

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