Document:

Registration Rights Agreement

 Exhibit 10.1 
 REGISTRATION RIGHTS AGREEMENT 
 Dated as of June 1, 2011 

between 
 GENERAL
MOTORS FINANCIAL COMPANY, INC., 
 The GUARANTORS named herein 

and 
 DEUTSCHE
BANK SECURITIES INC. 
 J.P. MORGAN SECURITIES LLC 

 REGISTRATION RIGHTS AGREEMENT 

THIS REGISTRATION RIGHTS AGREEMENT (this “Agreement”) is made and entered into as of June 1, 2011 by and among
General Motors Financial Company, Inc., a Texas corporation (the “Company”); AmeriCredit Financial Services, Inc., a Delaware corporation (the “Initial Guarantor”), and any other subsidiary that executes a
Subsidiary Guarantee in accordance with the provisions of the Indenture, and their respective successors and assigns (together with the Initial Guarantor, the “Guarantors”); and Deutsche Bank Securities Inc. and J.P. Morgan
Securities LLC, as representatives of the initial purchasers (the “Initial Purchasers”) listed on Schedule A to the Purchase Agreement, dated May 26, 2011 by and among the Company, the Guarantors and the Initial Purchasers (the
“Purchase Agreement”), each of whom have agreed to purchase the Company’s 6.75% Senior Notes due 2018 (the “Notes”) pursuant to the Purchase Agreement. 

This Agreement is made pursuant to the Purchase Agreement. In order to induce the Initial Purchasers to purchase the Notes, the Company
has agreed to provide the registration rights set forth in this Agreement. The execution and delivery of this Agreement is a condition to the obligations of the Initial Purchasers under the Purchase Agreement. Capitalized terms used herein and not
otherwise defined shall have the meanings assigned to them in the Indenture, dated June 1, 2011, between the Company and Deutsche Bank Trust Company Americas, as Trustee, relating to the Notes and the Exchange Notes (the
“Indenture”). 
 The parties hereby agree as follows: 

SECTION 1. Definitions. 
 As used in this Agreement, the following capitalized terms shall have the following meanings: 
 “Act”: The Securities Act of 1933, as amended. 

“Affiliate”: As defined in Rule 144 of the Act. 

“Broker-Dealer”: Any broker or dealer registered under the Exchange Act. 

“Closing Date”: The date hereof. 
 “Commission”: The Securities and Exchange Commission. 

“Consummate”: An Exchange Offer shall be deemed “Consummated” for purposes of this Agreement upon the
occurrence of (a) the filing and effectiveness under the Act of the Exchange Offer Registration Statement relating to the Exchange Notes to be issued in the Exchange Offer, (b) the maintenance of such Exchange Offer Registration Statement
continuously effective and the keeping of the Exchange Offer open for a period not less than the period required pursuant to Section 3(b) hereof and (c) the delivery by the Company to the Registrar under the Indenture of Exchange Notes in
the same aggregate principal amount as the aggregate principal amount of Notes tendered by Holders thereof pursuant to the Exchange Offer. 
 “Consummation Deadline”: As defined in Section 3(a) hereof. 

“Effectiveness Deadline”: As defined in Section 3(a) and 4(a)(ii) hereof. 

“Exchange Act”: The Securities Exchange Act of 1934, as amended. 

“Exchange Notes”: The Company’s 6.75% Exchange Senior Notes due 2018 to be issued pursuant to the Indenture in the
Exchange Offer. 
 “Exchange Offer”: The exchange and issuance by the Company of a principal amount of Exchange
Notes (which shall be registered pursuant to the Exchange Offer Registration Statement) equal to the outstanding principal amount of Notes that are tendered by Holders in connection with such exchange and issuance. 

 “Exchange Offer Registration Statement”: The Registration Statement
relating to the Exchange Offer, including the related Prospectus. 
 “Exempt Resales”: The transactions in
which the Initial Purchasers propose to sell the Notes to certain “qualified institutional buyers,” as such term is defined in Rule 144A under the Act and pursuant to Regulation S under the Act. 

“Filing Deadline”: As defined in Sections 3(a) and 4(a)(i) hereof. 

“Holders”: As defined in Section 2 hereof. 

“Liquidated Damages”: As defined in Section 5. 

“Prospectus”: The prospectus included in a Registration Statement at the time such Registration Statement is declared
effective or a later prospectus relating thereto filed pursuant to Rule 424(b) under the Act, as amended or supplemented by any prospectus supplement and by all other amendments thereto, including post-effective amendments, and all material
incorporated by reference into such Prospectus. 
 “Recommencement Date”: As defined in Section 6(e)
hereof. 
 “Registration Default”: As defined in Section 5 hereof. 

“Registration Statement”: Any registration statement of the Company relating to (a) an offering of Exchange Notes
pursuant to an Exchange Offer or (b) the registration for resale of Transfer Restricted Securities pursuant to the Shelf Registration Statement, in each case (i) that is filed pursuant to the provisions of this Agreement and
(ii) including the Prospectus included therein, all amendments and supplements thereto (including post-effective amendments) and all exhibits and material incorporated by reference therein. 

“Regulation S”: Regulation S promulgated under the Act. 

“Rule 144”: Rule 144 promulgated under the Act. 

“Shelf Registration Statement”: As defined in Section 4 hereof. 

“Suspension Notice”: As defined in Section 6(e) hereof. 

“TIA”: The Trust Indenture Act of 1939 (15 U.S.C. Section 77aaa-77bbbb) as in effect on the date of the Indenture.

 “Transfer Restricted Securities”: Each Note, until (i) the date on which such Note has been exchanged
by a person other than a Broker-Dealer for an Exchange Note in the Exchange Offer; (ii) following the exchange by a Broker-Dealer in the Exchange Offer of a Note for an Exchange Note, the date on which such Exchange Note is sold to a purchaser
who receives from such Broker-Dealer on or prior to the date of such sale a copy of the Prospectus contained in the Exchange Offer Registration Statement; (iii) the date on which such Note has been effectively registered under the Act and
disposed of in accordance with the Shelf Registration Statement; or (iv) the date on which such Note is distributed to the public pursuant to Rule 144 under the Act. 
 SECTION 2. Holders. 
 A Person is deemed to be a holder of Transfer
Restricted Securities (each, a “Holder”) whenever such Person owns Transfer Restricted Securities. 

  
 -2-

 SECTION 3. Registered Exchange Offer. 

(a) After the procedures set forth in Section 6(a)(i) below have been complied with, the Company and the Guarantors shall
(i) cause to be filed the Exchange Offer Registration Statement with the Commission on or prior to 150 days after the Closing Date (such 150th day being the “Filing Deadline”), (ii) use their commercially reasonable
efforts to have the Exchange Offer Registration Statement declared effective by the Commission on or prior to 210 days after the Closing Date (such 210th day being the “Effectiveness Deadline”), (iii) in connection with the
foregoing, (A) file all pre-effective amendments to such Exchange Offer Registration Statement as may be necessary in order to cause it to be declared effective, (B) file all post-effective amendments to such Exchange Offer Registration
Statement as may be necessary to permit Consummation of the Exchange Offer and to otherwise comply with their obligations hereunder and (C) cause all necessary filings, if any, in connection with the registration and qualification of the
Exchange Notes to be made under the Blue Sky laws of such jurisdictions as are necessary to permit Consummation of the Exchange Offer, and (iv) unless the Exchange Offer would not be permitted by applicable law or Commission policy,
(A) commence the Exchange Offer; and (B) use their commercially reasonable efforts to issue on or prior to 30 business days, or longer, if required by the federal securities laws (such 30th or later day being the “Consummation
Deadline”), after the date on which the Exchange Offer Registration Statement was declared effective by the Commission, Exchange Notes in exchange for all Notes tendered prior thereto in the Exchange Offer. The Exchange Offer shall be on
the appropriate form permitting (i) registration of the Exchange Notes to be offered in exchange for the Notes that are Transfer Restricted Securities and (ii) resales of Exchange Notes by any Broker-Dealer that tendered into the Exchange
Offer Notes that such Broker-Dealer acquired for its own account as a result of market-making activities or other trading activities (other than Notes acquired directly from the Company or any of its Affiliates) as contemplated by Section 3(c)
below. 
 (b) The Company and the Guarantors shall use their commercially reasonable efforts to cause the Exchange Offer
Registration Statement to be effective continuously, and shall keep the Exchange Offer open for a period of not less than the minimum period required under applicable federal and state securities laws to Consummate the Exchange Offer;
provided, however, that in no event shall such period be less than 20 business days. The Company shall cause the Exchange Offer to comply with all applicable federal and state securities laws. No securities other than the Exchange
Notes shall be included in the Exchange Offer Registration Statement. 
 (c) The Company shall include a “Plan of
Distribution” section in the Prospectus contained in the Exchange Offer Registration Statement and indicate therein that any Broker-Dealer who holds Transfer Restricted Securities that were acquired for the account of such Broker-Dealer as a
result of market-making activities or other trading activities (other than Notes acquired directly from the Company or any Affiliate of the Company), may exchange such Transfer Restricted Securities pursuant to the Exchange Offer. Such “Plan of
Distribution” section shall also contain all other information with respect to such sales by such Broker-Dealers that the Commission may require in order to permit such sales pursuant thereto, but such “Plan of Distribution” shall not
name any such Broker-Dealer or disclose the amount of Transfer Restricted Securities held by any such Broker-Dealer, except to the extent required by the Commission as a result of a change in policy, rules or regulations after the date of this
Agreement. See the Shearman & Sterling no-action letter (available July 2, 1993). 
 Because any such
Broker-Dealer may be deemed to be an “underwriter” within the meaning of the Act and must, therefore, deliver a prospectus meeting the requirements of the Act in connection with its initial sale of any Exchange Notes received by such
Broker-Dealer in the Exchange Offer, the Company shall permit the use of the Prospectus contained in the Exchange Offer Registration Statement by such Broker-Dealer to satisfy such prospectus delivery requirement. To the extent necessary to ensure
that the prospectus contained in the Exchange Offer Registration Statement is available for sales of Exchange Notes by Broker-Dealers, the Company and the Guarantors agree to use their commercially reasonable efforts to keep the Exchange Offer
Registration Statement continuously effective, supplemented, amended and current as required by and subject to the provisions of Section 6(a) and Section 6(c) hereof and in conformity with the requirements of this Agreement, the Act and
the policies, rules and regulations of the Commission as announced from time to time, for a period of 180 days from the Consummation Deadline or such shorter period as will terminate when all Transfer Restricted Securities covered by such
Registration Statement have been sold pursuant thereto. The Company shall provide sufficient copies of the latest version of such Prospectus to such Broker-Dealers, promptly upon request, and in no event later than one day after such request, at any
time during such period. 

  
 -3-

 SECTION 4. Shelf Registration. 

(a) Shelf Registration. If (i) the Company is not (A) required to file the Exchange Offer Registration Statement or
(B) permitted to Consummate the Exchange Offer because the Exchange Offer is not permitted by applicable law or Commission policy (after the Company has complied with the procedures set forth in Section 6(a)(i) below) or (ii) if any
Holder of Transfer Restricted Securities notifies the Company prior to the 20th day following the Consummation of the Exchange Offer that (A) it is prohibited by law or Commission policy from participating in the Exchange Offer or (B) that
it may not resell the Exchange Notes acquired by it in the Exchange Offer to the public without delivering a prospectus and the prospectus contained in the Exchange Offer Registration Statement is not appropriate or available for such resales by
such Holder or (C) such Holder is a Broker-Dealer and owns Notes acquired directly from the Company or one of its Affiliates, then the Company and the Guarantors shall cause to be filed with the Commission a Shelf Registration Statement (as
defined below) to cover resales of the Notes by the Holders of the Notes. If the Company and the Guarantors are obligated to file the Shelf Registration Statement, they will use their commercially reasonable efforts to: 

(i) cause to be filed the Shelf Registration Statement with the Commission, on or prior to 60 days after such filing
obligation arises, (such 60th day being the “Filing Deadline”), pursuant to Rule 415 under the Act (which may be an amendment to the Exchange Offer Registration Statement) (the “Shelf Registration Statement”),
relating to all Transfer Restricted Securities the Holders of which have provided the information required by Section 4(b) below; provided, however, that in no event shall the Company be required to file such Shelf Registration
Statement prior to 150 days after the date of this Agreement, and 
 (ii) cause such Shelf Registration Statement
to be declared effective by the Commission on or prior to 210 days after the obligation arises for the Shelf Registration Statement (such 210th day the “Effectiveness Deadline”). 

To the extent necessary to ensure that the Shelf Registration Statement is available for sales of Transfer Restricted Securities by the
Holders thereof entitled to the benefit of this Section 4(a) and the other securities required to be registered therein pursuant to Section 6(b)(ii) hereof, the Company and the Guarantors shall use their commercially reasonable efforts to
keep any Shelf Registration Statement required by this Section 4(a) continuously effective, supplemented, amended and current as required by and subject to the provisions of Section 6(b) and Section 6(c) hereof and in conformity with
the requirements of this Agreement, the Act and the policies, rules and regulations of the Commission as announced from time to time, for a period of at least two years (as extended pursuant to Section 6(c)(i) hereof) following the Closing
Date, or such shorter period as will terminate when all Transfer Restricted Securities covered by such Shelf Registration Statement have been sold pursuant thereto. 
 (b) Provision by Holders of Certain Information in Connection with the Shelf Registration Statement. No Holder of Transfer Restricted Securities may include any of its Transfer Restricted
Securities in any Shelf Registration Statement pursuant to this Agreement unless and until such Holder furnishes to the Company in writing, within 10 business days after receipt of a request therefor, the information specified in Item 507 or
Item 508 of Regulation S-K, as applicable, of the Commission for use in connection with any Shelf Registration Statement or Prospectus or preliminary Prospectus included therein. No Holder of Transfer Restricted Securities shall be entitled to
Liquidated Damages pursuant to Section 5 hereof unless and until such Holder shall have provided all such information. Each selling Holder agrees to promptly furnish additional information required to be disclosed in order to make the
information previously furnished to the Company by such Holder not materially misleading. 
 SECTION 5. Liquidated
Damages. 
 If (i) any of the Registration Statements required by this Agreement is not filed on or before the date
specified for such filing, (ii) any of such Registration Statements is not declared effective by the Commission on or prior to the date specified for such effectiveness (the “Effectiveness Target Date”), (iii) the Exchange
Offer has not been Consummated within 30 business days of the Effectiveness Target Date or (iv) any Registration Statement required by this Agreement is declared effective but thereafter ceases to be effective or usable for its intended purpose
during the period specified herein (each such event referred to in clauses (i) through (iv), a “Registration Default”), then the Company and the Guarantors jointly and severally agree to pay liquidated damages for such
Registration Default 

  
 -4-

 
(“Liquidated Damages”) to each Holder of Transfer Restricted Securities with respect to the first 90-day period immediately following the occurrence of the first Registration
Default in an amount equal to $0.05 per week per $1,000 in principal amount of Transfer Restricted Securities held by such Holder. The amount of the Liquidated Damages shall increase by an additional $0.05 per week per $1,000 in principal amount of
Transfer Restricted Securities with respect to each subsequent 90-day period until all Registration Defaults have been cured, up to a maximum amount of Liquidated Damages of $0.50 per week per $1,000 in principal amount of Transfer Restricted
Securities. Notwithstanding anything to the contrary set forth herein, (1) upon filing of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement), in the case of (i) above, (2) upon the
effectiveness of the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement), in the case of (ii) above, (3) upon Consummation of the Exchange Offer, in the case of (iii) above, or (4) upon
the filing of a post-effective amendment to the Registration Statement or an additional Registration Statement that causes the Exchange Offer Registration Statement (and/or, if applicable, the Shelf Registration Statement) to again be declared
effective or made usable in the case of (iv) above, the Liquidated Damages payable with respect to the Transfer Restricted Securities as a result of such clause (i), (ii), (iii) or (iv), as applicable, shall cease. 

All accrued Liquidated Damages shall be paid to the Holders entitled thereto, in the manner provided for the payment of interest in the
Indenture, on each Interest Payment Date, as more fully set forth in the Indenture and the Notes. 
 SECTION 6. Registration
Procedures. 
 (a) Exchange Offer Registration Statement. In connection with the Exchange Offer, the Company and the
Guarantors shall (x) comply with all applicable provisions of Section 6(c) below, (y) use their commercially reasonable efforts to effect such exchange of tendered Notes and to permit the resale of Exchange Notes by any Broker-Dealer
that tendered in the Exchange Offer Notes that such Broker-Dealer acquired for its own account as a result of its market-making activities or other trading activities (other than Notes acquired directly from the Company or any of its Affiliates)
being sold in accordance with the intended method or methods of distribution thereof, and (z) comply with all of the following provisions: 
 (i) If, following the date hereof there has been announced a change in Commission policy with respect to exchange offers such as the Exchange Offer, that in the reasonable opinion of counsel to the
Company raises a substantial question as to whether the Exchange Offer is permitted by applicable federal law, the Company hereby agrees to seek a no-action letter or other favorable decision from the Commission allowing the Company to Consummate an
Exchange Offer for such Transfer Restricted Securities. The Company and the Guarantors hereby agree to pursue the issuance of such a decision to the Commission staff level, but shall not be required to take commercially unreasonable actions to
effect a change of Commission policy. In connection with the foregoing, the Company and the Guarantors hereby agree to take all such other actions as may be requested by the Commission or otherwise required in connection with the issuance of such
decision, including without limitation (A) participating in telephonic conferences with the Commission, (B) delivering to the Commission staff an analysis prepared by counsel to the Company setting forth the legal bases, if any, upon which
such counsel has concluded that such an Exchange Offer should be permitted and (C) diligently pursuing a resolution (which need not be favorable) by the Commission staff. 

(ii) As a condition to its participation in the Exchange Offer, each Holder of Transfer Restricted Securities (including,
without limitation, any Holder who is a Broker-Dealer) shall furnish, upon the request of the Company, prior to the Consummation of the Exchange Offer, a written representation to the Company (which may be contained in the letter of transmittal
contemplated by the Exchange Offer Registration Statement) to the effect that (A) it is not an Affiliate of the Company, (B) it is not engaged in, and does not intend to engage in, and has no arrangement or understanding with any person to
participate in, a distribution of the Exchange Notes to be issued in the Exchange Offer and (C) it is acquiring the Exchange Notes in its ordinary course of business. In addition, all such Holders of Transfer Restricted Securities shall
otherwise cooperate with the Company in the preparation of the Exchange Offer. As a condition to its participation in the Exchange Offer each Holder using the Exchange Offer to participate in a distribution of the Exchange Notes shall acknowledge
and agree that, if the resales are of Exchange Notes obtained by such Holder in exchange for Notes acquired directly from the Company or an Affiliate thereof, it (1)

  
 -5-

 
could not, under Commission policy as in effect on the date of this Agreement, rely on the position of the Commission enunciated in Exxon Capital Holdings Corporation (available May 13,
1988) and Morgan Stanley and Co., Inc. (available June 5, 1991), as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and similar no-action letters (including, if applicable, any no-action
letter obtained pursuant to clause (i) above), and (2) must comply with the registration and prospectus delivery requirements of the Act in connection with a secondary resale transaction and that such a secondary resale transaction must be
covered by an effective registration statement containing the selling security holder information required by Item 507 or Item 508, as applicable, of Regulation S-K. 

(iii) Prior to effectiveness of the Exchange Offer Registration Statement, the Company and the Guarantors shall provide a
supplemental letter to the Commission (A) stating that the Company and the Guarantors are registering the Exchange Offer in reliance on the position of the Commission enunciated in Exxon Capital Holdings Corporation (available May 13,
1988), Morgan Stanley and Co., Inc. (available June 5, 1991) as interpreted in the Commission’s letter to Shearman & Sterling dated July 2, 1993, and, if applicable, any no-action letter obtained pursuant to clause
(i) above, (B) including a representation that neither the Company nor any Guarantor has entered into any arrangement or understanding with any Person to distribute the Exchange Notes to be received in the Exchange Offer and that, to the
best of the Company’s and each Guarantor’s information and belief, each Holder participating in the Exchange Offer is acquiring the Exchange Notes in its ordinary course of business and has no arrangement or understanding with any Person
to participate in the distribution of the Exchange Notes received in the Exchange Offer and (C) any other undertaking or representation required by the Commission as set forth in any no-action letter obtained pursuant to clause (i) above,
if applicable. 
 (b) Shelf Registration Statement. In connection with the Shelf Registration Statement, the Company and
the Guarantors shall: 
 (i) comply with all the provisions of Section 6(c) below and use their commercially
reasonable efforts to effect such registration to permit the sale of the Transfer Restricted Securities being sold in accordance with the intended method or methods of distribution thereof (as indicated in the information furnished to the Company
pursuant to Section 4(b) hereof), and pursuant thereto the Company and the Guarantors will prepare and file with the Commission a Registration Statement relating to the registration on any appropriate form under the Act, which form shall be
available for the sale of the Transfer Restricted Securities in accordance with the intended method or methods of distribution thereof within the time periods and otherwise in accordance with the provisions hereof, and 

(ii) issue, upon the request of any Holder or purchaser of Notes covered by any Shelf Registration Statement contemplated
by this Agreement, Exchange Notes having an aggregate principal amount equal to the aggregate principal amount of Notes sold pursuant to the Shelf Registration Statement and surrendered to the Company for cancellation; the Company shall register
Exchange Notes on the Shelf Registration Statement for this purpose and issue the Exchange Notes to the purchasers of securities subject to the Shelf Registration Statement in such names as such purchasers shall designate. 

(c) General Provisions. In connection with any Registration Statement and any related Prospectus required by this Agreement, the
Company shall: 
 (i) use its commercially reasonable efforts to keep such Registration Statement continuously
effective and provide all requisite financial statements (including, if required by the Act or any regulation thereunder, financial statements of the Guarantors) for the period specified in Section 3 or Section 4 of this Agreement, as
applicable. Upon the occurrence of any event that would cause any such Registration Statement or the Prospectus contained therein (A) to contain an untrue statement of material fact or omit to state any material fact necessary to make the
statements therein not misleading or (B) not to be effective and usable for resale of Transfer Restricted Securities during the period required by this Agreement, then the Company shall file promptly an appropriate amendment to such
Registration Statement curing such defect, and, if Commission review is required, use its commercially reasonable efforts to cause such amendment to be declared effective as soon as practicable; 

  
 -6-

 (ii) prepare and file with the Commission such amendments and post-effective
amendments to the applicable Registration Statement as may be necessary to keep such Registration Statement effective for the applicable period set forth in Section 3 or Section 4 hereof, as the case may be, or such shorter period as will
terminate when all Transfer Restricted Securities covered by such Registration Statement have been sold; cause the Prospectus to be supplemented by any required Prospectus supplement, and as so supplemented to be filed pursuant to Rule 424 under the
Act, and to comply fully with Rules 424, 430A, 430B and 462, as applicable, under the Act in a timely manner; and comply with the provisions of the Act with respect to the disposition of all securities covered by such Registration Statement during
the applicable period in accordance with the intended method or methods of distribution by the sellers thereof set forth in such Registration Statement or supplement to the Prospectus; 

(iii) if any fact or event contemplated by Section 6(d)(i)(D) below shall exist or have occurred, prepare a
supplement or post-effective amendment to the Registration Statement or related Prospectus or any document incorporated therein by reference or file any other required document so that, as thereafter delivered to the purchasers of Transfer
Restricted Securities, the Prospectus will not contain an untrue statement of a material fact or omit to state any material fact necessary to make the statements therein, in the light of the circumstances under which they were made, not misleading;

 (iv) in connection with any sale of Transfer Restricted Securities that will result in such securities no
longer being Transfer Restricted Securities, cooperate with the Holders to facilitate the timely preparation and delivery of certificates representing Transfer Restricted Securities to be sold and not bearing any restrictive legends; and to register
such Transfer Restricted Securities in such denominations and such names as the selling Holders may request at least two business days prior to such sale of Transfer Restricted Securities; 

(v) use its commercially reasonable efforts to cause the disposition of the Transfer Restricted Securities covered by the
Registration Statement to be registered with or approved by such other governmental agencies or authorities as may be necessary to enable the seller or sellers thereof to consummate the disposition of such Transfer Restricted Securities, subject to
the proviso contained in Section 6(d)(ix) below; 
 (vi) provide a CUSIP number for all Transfer Restricted
Securities not later than the effective date of a Registration Statement covering such Transfer Restricted Securities and provide the Trustee under the Indenture with printed certificates for the Transfer Restricted Securities which are in a form
eligible for deposit with the Depository Trust Company; 
 (vii) otherwise use its commercially reasonable
efforts to comply with all applicable rules and regulations of the Commission, and make generally available to its security holders with regard to any applicable Registration Statement, as soon as practicable, a consolidated earnings statement
meeting the requirements of Rule 158 (which need not be audited) covering a twelve-month period beginning after the effective date of the Registration Statement (as such term is defined in paragraph (c) of Rule 158 under the Act); 

(viii) cause the Indenture to be qualified under the TIA not later than the effective date of the first Registration
Statement required by this Agreement and, in connection therewith, cooperate with the Trustee and the Holders to effect such changes to the Indenture as may be required for such Indenture to be so qualified in accordance with the terms of the TIA;
and execute and use its commercially reasonable efforts to cause the Trustee to execute, all documents that may be required to effect such changes and all other forms and documents required to be filed with the Commission to enable such Indenture to
be so qualified in a timely manner; and 
 (ix) provide promptly to each Holder, upon request, each document
filed with the Commission pursuant to the requirements of Section 13 or Section 15(d) of the Exchange Act. 

  
 -7-

 (d) Additional Provisions Applicable to Shelf Registration Statements. In connection
with any Shelf Registration Statement and any related Prospectus required by this Agreement, the Company shall: 

(i) advise each selling Holder promptly and, if requested by such Holder, confirm such advice in writing, (A) when
the Prospectus or any Prospectus supplement or post-effective amendment has been filed, and, with respect to any applicable Shelf Registration Statement or any post-effective amendment thereto, when the same has become effective, (B) of any
request by the Commission for amendments to the Shelf Registration Statement or amendments or supplements to the Prospectus or for additional information relating thereto, (C) of the issuance by the Commission of any stop order suspending the
effectiveness of the Shelf Registration Statement under the Act or of the suspension by any state securities commission of the qualification of the Transfer Restricted Securities for offering or sale in any jurisdiction, or the initiation of any
proceeding for any of the preceding purposes, (D) of the existence of any fact or the happening of any event that makes any statement of a material fact made in the Shelf Registration Statement, the Prospectus, any amendment or supplement
thereto or any document incorporated by reference therein untrue, or that requires the making of any additions to or changes in the Shelf Registration Statement in order to make the statements therein not misleading, or that requires the making of
any additions to or changes in the Prospectus in order to make the statements therein, in the light of the circumstances under which they were made, not misleading. If at any time the Commission shall issue any stop order suspending the
effectiveness of the Registration Statement, or any state securities commission or other regulatory authority shall issue an order suspending the qualification or exemption from qualification of the Transfer Restricted Securities under state
securities or Blue Sky laws, the Company shall use its commercially reasonable efforts to obtain the withdrawal or lifting of such order at the earliest possible time; 

(ii) if requested in writing, furnish to each selling Holder, before filing with the Commission, copies of any Shelf
Registration Statement or any Prospectus included therein or any amendments or supplements to any such Shelf Registration Statement or Prospectus (including all documents incorporated by reference after the initial filing of such Shelf Registration
Statement), which documents will be subject to the review and comment of such Holders in connection with such sale, if any, for a period of at least three business days, and the Company will not file any such Shelf Registration Statement or
Prospectus or any amendment or supplement to any such Shelf Registration Statement or Prospectus (including all such documents incorporated by reference) to which such Holders shall reasonably object within three business days after the receipt
thereof. A selling Holder shall be deemed to have reasonably objected to such filing if such Shelf Registration Statement, amendment, Prospectus or supplement, as applicable, as proposed to be filed, contains an untrue statement of a material fact
or omits to state any material fact necessary to make the statements therein not misleading or fails to comply with the applicable requirements of the Act; 
 (iii) promptly prior to the filing of any document that is to be incorporated by reference into a Shelf Registration Statement or Prospectus, provide copies of such document to each selling Holder in
connection with such sale, if any, make the Company’s representatives available for discussion of such document and other customary due diligence matters, and include such information in such document prior to the filing thereof as such Holders
may reasonably request; 
 (iv) make available, at reasonable times, for inspection by each selling Holder and
any attorney or accountant retained by such Holders, all financial and other records, pertinent corporate documents of the Company and the Guarantors and cause the Company’s and the Guarantors’ directors and employees to supply all
information reasonably requested by any such Holder, attorney or accountant in connection with such Registration Statement or any post-effective amendment thereto subsequent to the filing thereof and prior to its effectiveness; 

(v) if requested by any selling Holders in connection with such sale, promptly include in any Shelf Registration Statement
or Prospectus, pursuant to a supplement or post-effective amendment if necessary, such information as such Holders may reasonably request to have included therein, including, without limitation, information relating to the “Plan of
Distribution” of the Transfer Restricted Securities; and make all required filings of such Prospectus supplement or post-effective amendment as soon as practicable after the Company is notified of the matters to be included in such Prospectus
supplement or post-effective amendment; 

  
 -8-

 (vi) furnish to each selling Holder without charge, at least one copy of the
Shelf Registration Statement, as first filed with the Commission, and of each amendment thereto, including all documents incorporated by reference therein and all exhibits (including exhibits incorporated therein by reference); 

(vii) deliver to each selling Holder without charge, as many copies of the Prospectus (including each preliminary
prospectus) and any amendment or supplement thereto as such Holder reasonably may request; the Company and the Guarantors hereby consent to the use (in accordance with law) of the Prospectus and any amendment or supplement thereto by each selling
Holder in connection with the offering and the sale of the Transfer Restricted Securities covered by the Prospectus or any amendment or supplement thereto; 
 (viii) upon the request of any selling Holder, enter into such agreements (including underwriting agreements) and make, and cause the Guarantors to make, such representations and warranties and take all
such other actions in connection therewith in order to expedite or facilitate the disposition of the Transfer Restricted Securities pursuant to any applicable Registration Statement contemplated by this Agreement as may be reasonably requested by
any such Holder in connection with any sale or resale pursuant to any Shelf Registration Statement. In such connection, the Company and the Guarantors shall: 
 (A) upon request of any selling Holder, furnish (or in the case of paragraphs (2) and (3), use commercially reasonable efforts to cause to be furnished) to each Holder, upon the effectiveness of an
underwritten Shelf Registration Statement: 
 (1) a certificate, dated such date, signed by (x) the
President or any Vice President and (y) a principal financial or accounting officer, of each of the Company and the Guarantors, confirming, as of the date thereof, matters similar to those set forth in Section 8(g) of the Purchase
Agreement (as the same may be applicable to the Shelf Registration Statement) and such other similar matters as such Holders may reasonably request; 
 (2) opinions, dated the date of effectiveness of the Shelf Registration Statement, of counsel for the Company covering matters similar to those set forth in paragraphs (c)—(f) of Section 7 of
the Purchase Agreement and such other matters as such Holder may reasonably request, and, with respect to the opinion similar to paragraph 7(c) of the Purchase Agreement, including a statement to the effect that such counsel has participated in
conferences with officers and other representatives of the Company and the Guarantors, representatives of the independent public accountants for the Company and the Guarantors and have considered the matters required to be stated therein and the
statements contained therein, although such counsel has not independently verified the accuracy, completeness or fairness of such statements; and that such counsel advises that, on the basis of the foregoing (relying as to materiality to a large
extent upon the opinions of officers and other representatives of the Company and the Guarantors), no facts came to such counsel’s attention that caused such counsel to believe that the Shelf Registration Statement, at the time such Shelf
Registration Statement or any post-effective amendment thereto became effective, contained an untrue statement of a material fact or omitted to state a material fact required to be stated therein or necessary to make the statements therein not
misleading, or that the Prospectus contained in such Shelf Registration Statement as of its date contained an untrue statement of a material fact or omitted to state a material fact necessary in order to make the statements therein, in the light of
the circumstances under which they were made, not misleading. Without limiting the foregoing, such counsel may state further that such counsel assumes no responsibility for, and has not independently verified, the accuracy, completeness or fairness
of the financial statements, notes and schedules and other financial data included in any Shelf Registration Statement contemplated by this Agreement or the related Prospectus; and 

  
 -9-

 (3) a customary comfort letter, dated the date of effectiveness of the
Shelf Registration Statement, from the Company’s independent accountants, in the customary form and covering matters of the type customarily covered in comfort letters to underwriters in connection with underwritten offerings; and 

(B) deliver such other documents and certificates as may be reasonably requested by the selling Holders to evidence
compliance with the matters covered in clause (A) above and with any customary conditions contained in any agreement entered into by the Company pursuant to this clause (viii); 

(ix) prior to any public offering of Transfer Restricted Securities, cooperate with the selling Holders and their counsel
in connection with the registration and qualification of the Transfer Restricted Securities under the securities or Blue Sky laws of such jurisdictions as the selling Holders may reasonably request and do any and all other acts or things necessary
or advisable to enable the disposition in such jurisdictions of the Transfer Restricted Securities covered by the Shelf Registration Statement; provided, however, that neither the Company nor any Guarantor shall be required to register
or qualify as a foreign corporation where it is not now so qualified or to take any action that would subject it to the service of process in suits or to taxation, other than as to matters and transactions relating to the Shelf Registration
Statement, in any jurisdiction where it is not now so subject. 
 (e) Restrictions on Holders. Each Holder agrees by
acquisition of a Transfer Restricted Security that, upon receipt of any notice referred to in Section 6(d)(i)(C) or any notice from the Company of the existence of any fact of the kind described in Section 6(d)(i)(D) hereof (in each case,
a “Suspension Notice”), such Holder will forthwith discontinue disposition of Transfer Restricted Securities pursuant to the Shelf Registration Statement until (i) such Holder has received copies of the supplemented or amended
Prospectus contemplated by Section 6(c)(iii) hereof, or (ii) such Holder is advised in writing by the Company that the use of the Prospectus may be resumed, and has received copies of any additional or supplemental filings that are
incorporated by reference in the Prospectus (in each case, the “Recommencement Date”). Each Holder receiving a Suspension Notice hereby agrees that it will either (i) destroy any Prospectuses, other than permanent file copies,
then in such Holder’s possession which have been replaced by the Company with more recently dated Prospectuses or (ii) deliver to the Company (at the Company’s expense) all copies, other than permanent file copies, then in such
Holder’s possession of the Prospectus covering such Transfer Restricted Securities that was current at the time of receipt of the Suspension Notice. The time period regarding the effectiveness of such Shelf Registration Statement set forth in
Section 4 hereof shall be extended by a number of days equal to the number of days in the period from and including the date of delivery of the Suspension Notice to the Recommencement Date. 

SECTION 7. Registration Expenses. 
 (a) All expenses incident to the Company’s or the Guarantors’ performance of or compliance with this Agreement will be borne by the Company or the Guarantors, regardless of whether a
Registration Statement becomes effective, including without limitation: (i) all registration and filing fees and expenses; (ii) all fees and expenses of compliance with federal securities and state Blue Sky or securities laws;
(iii) all expenses of printing (including printing certificates for the Exchange Notes to be issued in the Exchange Offer and printing of Prospectuses, messenger and delivery services and telephone); (iv) all fees and disbursements of
counsel for the Company, the Guarantors and, subject to Section 7(b) below, the Holders of Transfer Restricted Securities; (v) all application and filing fees in connection with listing the Exchange Notes on a national securities exchange
or automated quotation system pursuant to the requirements hereof; (vi) all fees and disbursements of independent certified public accountants of the Company and the Guarantors (including the expenses of any special audit and comfort letters
required by or incident to such performance); and (vii) all reasonable fees and expenses of the Trustee and any exchange agent (including all reasonable fees and expenses of their counsel). 

The Company will, in any event, bear its and the Guarantors’ internal expenses (including, without limitation, all salaries and
expenses of its officers and employees performing legal or accounting duties), the expenses of any annual audit and the fees and expenses of any Person, including special experts, retained by the Company. 

(b) In connection with any Registration Statement required by this Agreement (including, without limitation, the Exchange Offer
Registration Statement and the Shelf Registration Statement), the Company will reimburse the Initial Purchasers and the Holders of Transfer Restricted Securities who are tendering Notes into in the

  
 -10-

 
Exchange Offer and/or selling or reselling Notes or Exchange Notes pursuant to the “Plan of Distribution” contained in the Exchange Offer Registration Statement or the Shelf
Registration Statement, as applicable, for the reasonable fees and disbursements of not more than one counsel, who shall be Cahill Gordon & Reindel LLP, unless another firm shall be chosen by the Holders of a majority in principal amount of
the Transfer Restricted Securities for whose benefit such Registration Statement is being prepared. 
 SECTION 8.
Indemnification. 
 (a) The Company and each Guarantor jointly and severally agree to indemnify and hold harmless each
Holder, its directors, officers and each Person, if any, who controls such Holder (within the meaning of Section 15 of the Act or Section 20 of the Exchange Act), from and against any and all losses, claims, damages, liabilities, judgments
(including without limitation, any legal or other reasonable expenses incurred in connection with investigating or defending any matter, including any action that could give rise to any such losses, claims, damages, liabilities or judgments) caused
by any untrue statement or alleged untrue statement of a material fact contained in any Registration Statement, preliminary prospectus or Prospectus (or any amendment or supplement thereto) provided by the Company to any Holder or any prospective
purchaser of Exchange Notes or registered Notes, or caused by any omission or alleged omission to state therein a material fact required to be stated therein or necessary to make the statements therein not misleading, except insofar as such losses,
claims, damages, liabilities or judgments are caused by an untrue statement or omission or alleged untrue statement or omission that is based upon information relating to any Holder furnished in writing to the Company by such Holder expressly for
use in connection therewith. The foregoing indemnity agreement shall be in addition to any liability which the Company and the Guarantors may otherwise have. 
 (b) Each Holder agrees, severally and not jointly, to indemnify and hold harmless the Company and the Guarantors and their directors and officers, and each person, if any, who controls (within the meaning
of Section 15 of the Act or Section 20 of the Exchange Act) the Company or any Guarantor to the same extent as the foregoing indemnity from the Company and the Guarantors set forth in section (a) above, but only with respect to
information relating to such Holder furnished in writing to the Company by such Holder expressly for use in any Registration Statement, preliminary prospectus or Prospectus (or any amendment or supplement thereto). In no event shall any Holder, its
directors, officers or any Person who controls such Holder be liable or responsible for any amount in excess of the amount by which the total amount received by such Holder with respect to its sale of Transfer Restricted Securities pursuant to a
Registration Statement exceeds (i) the amount paid by such Holder for such Transfer Restricted Securities and (ii) the amount of any damages that such Holder, its directors, officers or any Person who controls such Holder has otherwise
been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. 
 (c) In case any
action shall be commenced involving any person in respect of which indemnity may be sought pursuant to Section 8(a) or Section 8(b) (the “indemnified party”), the indemnified party shall promptly notify the person against
whom such indemnity may be sought (the “indemnifying person”) in writing and the indemnifying party shall assume the defense of such action, including the employment of counsel reasonably satisfactory to the indemnified party and
the payment of all fees and expenses of such counsel, as incurred (except that in the case of any action in respect of which indemnity may be sought pursuant to both Sections 8(a) and 8(b), a Holder shall not be required to assume the defense of
such action pursuant to this Section 8(c), but may employ separate counsel and participate in the defense thereof, but the fees and expenses of such counsel, except as provided below, shall be at the expense of the Holder). Any indemnified
party shall have the right to employ separate counsel in any such action and participate in the defense thereof, but the fees and expenses of such counsel shall be at the expense of the indemnified party unless (i) the employment of such
counsel shall have been specifically authorized in writing by the indemnifying party, (ii) the indemnifying party shall have failed to assume the defense of such action or employ counsel reasonably satisfactory to the indemnified party or
(iii) the named parties to any such action (including any impleaded parties) include both the indemnified party and the indemnifying party, and the indemnified party shall have been advised by such counsel and shall have provided notice to the
indemnifying party of such advice of counsel that there may be one or more legal defenses available to it which are different from or additional to those available to the indemnifying party and that the assertion of any such different or additional
defense by the indemnified party would be inconsistent with the defenses asserted by the indemnifying party (in which case the indemnifying party shall not have the right to assume the defense of such action on behalf of the indemnified party). In
any such case, the indemnifying party shall not, in connection with any one action or separate but substantially similar or 

  
 -11-

 
related actions in the same jurisdiction arising out of the same general allegations or circumstances, be liable for the reasonable fees and expenses of more than one separate firm of attorneys
(in addition to any local counsel) for all indemnified parties and all such reasonable fees and expenses shall be reimbursed as they are incurred. Such firm shall be designated in writing by a majority of the Holders, in the case of the parties
indemnified pursuant to Section 8(a), and by the Company in the case of parties indemnified pursuant to Section 8(b). The indemnifying party shall indemnify and hold harmless the indemnified party from and against any and all losses,
claims, damages, liabilities and judgments by reason of any settlement of any action effected with its written consent which consent shall not be unreasonably withheld. No indemnifying party shall, without the prior written consent of the
indemnified party, effect any settlement or compromise of, or consent to the entry of judgment with respect to, any pending or threatened action in respect of which the indemnified party is or could have been a party and indemnity or contribution
may be or could have been sought hereunder by the indemnified party, unless such settlement, compromise or judgment (i) includes an unconditional release of the indemnified party from all liability on claims that are or could have been the
subject matter of such action and (ii) does not include a statement as to or an admission of fault, culpability or a failure to act, by or on behalf of the indemnified party. 

(d) To the extent that the indemnification provided for in this Section 8 is unavailable to an indemnified party in respect of any
losses, claims, damages, liabilities or judgments referred to therein, then each indemnifying party, in lieu of indemnifying such indemnified party, shall contribute to the amount paid or payable by such indemnified party as a result of such losses,
claims, damages, liabilities or judgments (i) in such proportion as is appropriate to reflect the relative benefits received by the Company and the Guarantors, on the one hand, and the Holders, on the other hand, from the sale of Transfer
Restricted Securities or (ii) if the allocation provided by clause 8(d)(i) is not permitted by applicable law, in such proportion as is appropriate to reflect not only the relative benefits referred to in clause 8(d)(i) above but also the
relative fault of the Company and the Guarantors, on the one hand, and of the Holders, on the other hand, in connection with the statements or omissions which resulted in such losses, claims, damages, liabilities or judgments, as well as any other
relevant equitable considerations. The relative fault of the Company and the Guarantors, on the one hand, and of the Holders, on the other hand, shall be determined by reference to, among other things, whether the untrue or alleged untrue statement
of a material fact or the omission or alleged omission to state a material fact relates to information supplied by the Company and the Guarantors, on the one hand, or by the Holders, on the other hand, and the parties’ relative intent,
knowledge, access to information and opportunity to correct or prevent such statement or omission. The amount paid or payable by a party as a result of the losses, claims, damages, liabilities and judgments referred to above shall be deemed to
include, subject to the limitations set forth in the second paragraph of this Section 8(d), any legal or other fees or expenses reasonably incurred by such party in connection with investigating or defending any action or claim. 

The Company, the Guarantors and each Holder agree that it would not be just and equitable if contribution pursuant to this
Section 8(d) were determined by pro rata allocation (even if the Holders were treated as one entity for such purpose) or by any other method of allocation which does not take account of the equitable considerations referred to in the
immediately preceding paragraph. The amount paid or payable by an indemnified party as a result of the losses, claims, damages, liabilities or judgments referred to in the immediately preceding paragraph shall be deemed to include, subject to the
limitations set forth above, any legal or other expenses reasonably incurred by such indemnified party in connection with investigating or defending any matter, including any action that could have given rise to such losses, claims, damages,
liabilities or judgments. Notwithstanding the provisions of this Section 8, no Holder, its directors, its officers or any Person, if any, who controls such Holder shall be required to contribute, in the aggregate, any amount in excess of the
amount by which the total received by such Holder with respect to the sale of Transfer Restricted Securities pursuant to a Registration Statement exceeds (i) the amount paid by such Holder for such Transfer Restricted Securities and
(ii) the amount of any damages which such Holder has otherwise been required to pay by reason of such untrue or alleged untrue statement or omission or alleged omission. No person guilty of fraudulent misrepresentation (within the meaning of
Section 11(f) of the Act) shall be entitled to contribution from any person who was not guilty of such fraudulent misrepresentation. The Holders’ obligations to contribute pursuant to this Section 8(d) are several in proportion to the
respective principal amount of Transfer Restricted Securities held by each Holder hereunder and not joint. 

  
 -12-

 SECTION 9. Rule 144A and Rule 144. 

The Company and each Guarantor agrees with each Holder, for so long as any Transfer Restricted Securities remain outstanding and during
any period in which the Company or such Guarantor (i) is not subject to Section 13 or 15(d) of the Exchange Act, to make available, upon request of any Holder, to such Holder or beneficial owner of Transfer Restricted Securities in
connection with any sale thereof and any prospective purchaser of such Transfer Restricted Securities designated by such Holder or beneficial owner, the information required by Rule 144A(d)(4) under the Act in order to permit resales of such
Transfer Restricted Securities pursuant to Rule 144A, and (ii) is subject to Section 13 or 15 (d) of the Exchange Act, to make all filings required thereby in a timely manner in order to permit resales of such Transfer Restricted
Securities pursuant to Rule 144. 
 SECTION 10. Miscellaneous. 

(a) Remedies. The Company and the Guarantors acknowledge and agree that any failure by the Company and the Guarantors to comply
with their obligations under Sections 3 and 4 hereof may result in material irreparable injury to the Initial Purchasers or the Holders for which there is no adequate remedy at law, that it will not be possible to measure damages for such injuries
precisely and that, in the event of any such failure, the Initial Purchasers or any Holder may obtain such relief as may be required to specifically enforce the Company’s obligations under Sections 3 and 4 hereof. The Company and the Guarantors
further agree to waive the defense in any action for specific performance that a remedy at law would be adequate. 
 (b) No
Inconsistent Agreements. The Company will not, and will cause the Guarantors not to, on or after the date of this Agreement, enter into any agreement with respect to its securities that is inconsistent with the rights granted to the Holders in
this Agreement or otherwise conflicts with the provisions hereof. Neither the Company nor any Guarantor has previously entered into any agreement granting any registration rights with respect to its securities to any Person which remains in effect
as of the date hereof. The rights granted to the Holders hereunder do not in any way conflict with and are not inconsistent with the rights granted to the holders of the Company’s or any Guarantor’s securities under any agreement in effect
on the date hereof. 
 (c) Amendments and Waivers. The provisions of this Agreement may not be amended, modified or
supplemented, and waivers or consents to or departures from the provisions hereof may not be given unless (i) in the case of Section 5 hereof and this Section 10(c)(i), the Company has obtained the written consent of each Holder of an
outstanding Transfer Restricted Security affected hereby and (ii) in the case of all other provisions hereof, the Company has obtained the written consent of Holders of a majority of the outstanding principal amount of Transfer Restricted
Securities (excluding Transfer Restricted Securities held by the Company or its Affiliates). Notwithstanding the foregoing, a waiver or consent to departure from the provisions hereof that relates exclusively to the rights of Holders whose Transfer
Restricted Securities are being tendered pursuant to the Exchange Offer, and that does not affect directly or indirectly the rights of other Holders whose Transfer Restricted Securities are not being tendered pursuant to such Exchange Offer, may be
given by the Holders of a majority of the outstanding principal amount of Transfer Restricted Securities subject to such Exchange Offer. 
 (d) Third Party Beneficiary. The Holders shall be third party beneficiaries to the agreements made hereunder between the Company and the Guarantors, on the one hand, and the Initial Purchasers, on
the other hand, and shall have the right to enforce such agreements directly to the extent they may deem such enforcement necessary or advisable to protect its rights or the rights of Holders hereunder. 

(e) Notices. All notices and other communications provided for or permitted hereunder shall be made in writing by hand-delivery,
first-class mail (registered or certified, return receipt requested), telex, telecopier, or air courier guaranteeing overnight delivery: 
 (i) if to a Holder, at the address set forth on the records of the Registrar under the Indenture, with a copy to the Registrar under the Indenture; and 

(ii) if to the Company: 
 General Motors Financial Company, Inc. 
 801 Cherry St. 

Suite 3500 

  
 -13-

 Fort Worth, Texas 76102 

Attention: J. Michael May, Esq. 
 With a copy to: 
 Hunton & Williams LLP 

1445 Ross Avenue 
 Suite 3700 
 Dallas, Texas 75202 

Telecopier No.: 214-468-3599 
 Attention: L. Steven Leshin, Esq. 
 All such notices and communications shall be
deemed to have been duly given: at the time delivered by hand, if personally delivered; five business days after being deposited in the mail, postage prepaid, if mailed; when receipt acknowledged, if telecopied; and on the next business day, if
timely delivered to an air courier guaranteeing overnight delivery. 
 Copies of all such notices, demands or other
communications shall be concurrently delivered by the Person giving the same to the Trustee at the address specified in the Indenture. 
 (f) Successors and Assigns. This Agreement shall inure to the benefit of and be binding upon the successors and assigns of each of the parties, including without limitation and without the need for
an express assignment, subsequent Holders; provided that nothing herein shall be deemed to permit any assignment, transfer or other disposition of Transfer Restricted Securities in violation of the terms hereof or of the Purchase Agreement or the
Indenture. If any transferee of any Holder shall acquire Transfer Restricted Securities in any manner, whether by operation of law or otherwise, such Transfer Restricted Securities shall be held subject to all of the terms of this Agreement, and by
taking and holding such Transfer Restricted Securities such Person shall be conclusively deemed to have agreed to be bound by and to perform all of the terms and provisions of this Agreement, including the restrictions on resale set forth in this
Agreement and, if applicable, the Purchase Agreement, and such Person shall be entitled to receive the benefits hereof. 
 (g)
Counterparts. This Agreement may be executed in any number of counterparts and by the parties hereto in separate counterparts, each of which when so executed shall be deemed to be an original and all of which taken together shall constitute
one and the same agreement. 
 (h) Headings. The headings in this Agreement are for convenience of reference only and
shall not limit or otherwise affect the meaning hereof. 
 (i) Governing Law. THIS AGREEMENT SHALL BE GOVERNED BY AND
CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REGARD TO THE CONFLICT OF LAW RULES THEREOF. 
 (j)
Severability. In the event that any one or more of the provisions contained herein, or the application thereof in any circumstance, is held invalid, illegal or unenforceable, the validity, legality and enforceability of any such provision in
every other respect and of the remaining provisions contained herein shall not be affected or impaired thereby. 
 (k) Entire
Agreement. This Agreement, together with the other Operative Documents (as defined in the Purchase Agreement), is intended by the parties as a final expression of their agreement and intended to be a complete and exclusive statement of the
agreement and understanding of the parties hereto in respect of the subject matter contained herein. There are no restrictions, promises, warranties or undertakings, other than those set forth or referred to herein with respect to the registration
rights granted by the Company with respect to the Transfer Restricted Securities. This Agreement supersedes all prior agreements and understandings between the parties with respect to such subject matter. 

[Signature Page Follows] 

  
 -14-

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first written
above. 
  

			
	General Motors Financial Company, Inc.
		
	By:	 	  

		 	Name:
		 	Title:
	
	AmeriCredit Financial Services, Inc.
		
	By:	 	  

		 	Name:
		 	Title:

 The foregoing Agreement is hereby confirmed and 
     accepted as of the date first above written. 
 DEUTSCHE BANK SECURITIES
INC. 
 J.P. MORGAN SECURITIES LLC 

    Acting on behalf of themselves severally and as 
         the Representatives of the several Purchasers. 
  

			
	Deutsche Bank Securities Inc.
		
	By:	 	  

		 	Name:
		 	Title:
		
	By:	 	  

		 	Name:
		 	Title:
	
	J.P. Morgan Securities LLC
		
	By:	 	  

		 	Name:
		 	Title:State Auto Insurance Companies Retirement Savings Plan

 EXHIBIT 4(g) 
 STATE AUTO INSURANCE COMPANIES 
 RETIREMENT SAVINGS PLAN 

Amended and Restated Effective as of January 1, 2002 
 (December, 2010) 

 TABLE OF CONTENTS 

 

							
	 	  	 	  	Page	 
		
	 ARTICLE I     DEFINITIONS
	  	 	6	  
	 Section 1.01
	  	ACCOUNT(S)	  	 	6	  
	 Section 1.02
	  	APPROVED LEAVE OF ABSENCE	  	 	6	  
	 Section 1.03
	  	BENEFICIARY	  	 	7	  
	 Section 1.04
	  	BOARD OF DIRECTORS	  	 	7	  
	 Section 1.05
	  	CATCH-UP CONTRIBUTION	  	 	7	  
	 Section 1.06
	  	CATCH-UP CONTRIBUTION ACCOUNT	  	 	7	  
	 Section 1.07
	  	CODE	  	 	7	  
	 Section 1.08
	  	COMMITTEE	  	 	7	  
	 Section 1.09
	  	COMPANY	  	 	7	  
	 Section 1.10
	  	COMPENSATION	  	 	7	  
	 Section 1.11
	  	CONSOLIDATED NET ACCUMULATED OR CURRENT EARNINGS OF THE COMPANY	  	 	8	  
	 Section 1.12
	  	EFFECTIVE DATE	  	 	8	  
	 Section 1.13
	  	EMPLOYEE	  	 	8	  
	 Section 1.14
	  	EMPLOYER	  	 	8	  
	 Section 1.15
	  	EMPLOYER NONELECTIVE RETIREMENT CONTRIBUTION	  	 	8	  
	 Section 1.16
	  	EMPLOYER NONELECTIVE RETIREMENT CONTRIBUTION ACCOUNT	  	 	9	  
	 Section 1.17
	  	EMPLOYMENT COMMENCEMENT DATE	  	 	9	  
	 Section 1.18
	  	ERISA	  	 	9	  
	 Section 1.19
	  	FORFEITURE	  	 	9	  
	 Section 1.20
	  	HIGHLY COMPENSATED EMPLOYEE	  	 	9	  
	 Section 1.21
	  	HOUR OF SERVICE	  	 	9	  
	 Section 1.22
	  	INVESTMENT FUND(S)	  	 	10	  
	 Section 1.23
	  	LEASED EMPLOYEE	  	 	10	  
	 Section 1.24
	  	MERGING PLAN	  	 	10	  
	 Section 1.25
	  	NONFORFEITABLE / VESTED	  	 	10	  
	 Section 1.26
	  	NORMAL RETIREMENT AGE	  	 	10	  
	 Section 1.27
	  	PARTICIPANT	  	 	10	  
	 Section 1.28
	  	PARTICIPATION DATE	  	 	10	  
	 Section 1.29
	  	PLAN	  	 	11	  
	 Section 1.30
	  	PLAN SPONSOR	  	 	11	  
	 Section 1.31
	  	PLAN YEAR	  	 	11	  
	 Section 1.32
	  	REGULAR MATCHING CONTRIBUTION	  	 	11	  
	 Section 1.33
	  	REGULAR MATCHING CONTRIBUTION ACCOUNT	  	 	11	  
	 Section 1.34
	  	RELATED EMPLOYERS	  	 	11	  
	 Section 1.35
	  	ROLLOVER CONTRIBUTION	  	 	11	  
	 Section 1.36
	  	ROLLOVER CONTRIBUTION ACCOUNT	  	 	11	  
	 Section 1.37
	  	SAFE HARBOR MATCHING CONTRIBUTION	  	 	11	  
	 Section 1.38
	  	SAFE HARBOR MATCHING CONTRIBUTION ACCOUNT	  	 	11	  
	 Section 1.39
	  	SALARY REDUCTION CONTRIBUTION	  	 	11	  
	 Section 1.40
	  	SALARY REDUCTION CONTRIBUTION ACCOUNT	  	 	11	  
	 Section 1.41
	  	SERVICE	  	 	12	  
	 Section 1.42
	  	SEVERANCE FROM EMPLOYMENT	  	 	12	  
	 Section 1.43
	  	SHARES	  	 	12	  
	 Section 1.44
	  	SPOUSAL CONSENT	  	 	12	  
	 Section 1.45
	  	SPOUSE	  	 	12	  
	 Section 1.46
	  	SUPPLEMENTAL PARTICIPANT CONTRIBUTION	  	 	12	  
	 Section 1.47
	  	SUPPLEMENTAL PARTICIPANT CONTRIBUTION ACCOUNT	  	 	12	  
	 Section 1.48
	  	TEST COMPENSATION	  	 	12	  
	 Section 1.49
	  	TOTAL AND PERMANENT DISABILITY	  	 	13	  
	 Section 1.50
	  	TREASURY REGULATIONS	  	 	13	  
	 Section 1.51
	  	TRUST AGREEMENT AND TRUST	  	 	13	  

  
 i 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 1.52
	  	TRUST FUND	  	 	13	  
	 Section 1.53
	  	TRUSTEE	  	 	13	  
	 Section 1.54
	  	VALUATION DATE	  	 	13	  
	 Section 1.55
	  	YEAR OF ELIGIBILITY SERVICE	  	 	13	  
	 Section 1.56
	  	TERMS DEFINED ELSEWHERE	  	 	13	  
		
	 ARTICLE II     ELIGIBILITY AND PARTICIPATION
	  	 	15	  
	 Section 2.01
	  	ELIGIBILITY	  	 	15	  
	 Section 2.02
	  	PARTICIPATION	  	 	16	  
	 Section 2.03
	  	ENROLLMENT AND PARTICIPATION FORMS	  	 	16	  
	 Section 2.04
	  	TRANSFERS BETWEEN CLASSES OF EMPLOYEES	  	 	16	  
	 Section 2.05
	  	INTER-COMPANY TRANSFERS	  	 	16	  
	 Section 2.06
	  	TERMINATION AND REEMPLOYMENT	  	 	17	  
		
	 ARTICLE III     CONTRIBUTIONS
	  	 	17	  
	 Section 3.01
	  	INDIVIDUAL ACCOUNTS	  	 	17	  
	 Section 3.02
	  	PARTICIPANT CONTRIBUTIONS	  	 	17	  
	 Section 3.03
	  	CHANGES AND SUSPENSIONS OF SALARY DEFERRAL, CATCH-UP AND SUPPLEMENTAL PARTICIPANT CONTRIBUTIONS	  	 	19	  
	 Section 3.04
	  	EMPLOYER CONTRIBUTIONS	  	 	19	  
	 Section 3.05
	  	TIME OF PAYMENT OF CONTRIBUTION	  	 	21	  
	 Section 3.06
	  	ALLOCATION OF FORFEITURES	  	 	21	  
	 Section 3.07
	  	ROLLOVER CONTRIBUTIONS	  	 	22	  
	 Section 3.08
	  	RETURN OF CONTRIBUTIONS	  	 	22	  
	 Section 3.09
	  	FURTHER REDUCTIONS OF CONTRIBUTIONS	  	 	22	  
		
	 ARTICLE IV     TERMINATION OF SERVICE; PARTICIPANT VESTING
	  	 	22	  
	 Section 4.01
	  	VESTING	  	 	22	  
	 Section 4.02
	  	FORFEITURE OCCURS	  	 	24	  
	 Section 4.03
	  	CASH-OUT DISTRIBUTIONS TO PARTIALLY-VESTED PARTICIPANTS	  	 	24	  
	 Section 4.04
	  	EFFECT OF REEMPLOYMENT	  	 	24	  
	 Section 4.05
	  	RESTORATION OF FORFEITED PORTION OF ACCOUNT	  	 	25	  
		
	 ARTICLE V     TIME AND METHOD OF PAYMENT OF BENEFITS
	  	 	26	  
	 Section 5.01
	  	RETIREMENT	  	 	26	  
	 Section 5.02
	  	DISTRIBUTION UPON SEVERANCE FROM EMPLOYMENT PRIOR TO NORMAL RETIREMENT AGE	  	 	26	  
	 Section 5.03
	  	OTHER RULES GOVERNING THE TIME OF PAYMENT OF BENEFITS	  	 	27	  
	 Section 5.04
	  	FORM OF BENEFIT PAYMENTS	  	 	28	  
	 Section 5.05
	  	MINIMUM DISTRIBUTION REQUIREMENTS	  	 	28	  
	 Section 5.06
	  	DISTRIBUTIONS UPON DEATH	  	 	28	  
	 Section 5.07
	  	REVISED REQUIRED MINIMUM DISTRIBUTIONS	  	 	29	  
	 Section 5.08
	  	DESIGNATION OF BENEFICIARY	  	 	32	  
	 Section 5.09
	  	FAILURE OF BENEFICIARY DESIGNATION	  	 	32	  
	 Section 5.10
	  	DISTRIBUTIONS UNDER DOMESTIC RELATIONS ORDERS	  	 	33	  
	 Section 5.11
	  	FACILITY OF PAYMENT	  	 	34	  
	 Section 5.12
	  	NO DISTRIBUTION PRIOR TO SEVERANCE FROM EMPLOYMENT, DEATH OR DISABILITY	  	 	34	  
	 Section 5.13
	  	MILITARY DEATH BENEFITS	  	 	34	  
	 Section 5.14
	  	WRITTEN INSTRUCTION NOT REQUIRED	  	 	34	  
		
	 ARTICLE VI     WITHDRAWALS, DIRECT ROLLOVERS AND WITHHOLDING, LOANS
	  	 	35	  
	 Section 6.01
	  	HARDSHIP WITHDRAWALS	  	 	35	  
	 Section 6.02
	  	IN-SERVICE WITHDRAWAL RULES	  	 	36	  
	 Section 6.03
	  	WITHDRAWALS UPON ATTAINMENT OF AGE
59 1/2	  	 	36	  

  
 ii 

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 6.04
	  	IN-SERVICE DISTRIBUTIONS TO INDIVIDUALS CALLED TO ACTIVE DUTY	  	 	37	  
	 Section 6.05
	  	DIRECT ROLLOVER AND WITHHOLDING RULES	  	 	37	  
	 Section 6.06
	  	LOANS TO PARTICIPANTS	  	 	39	  
	 Section 6.07
	  	SPECIAL WITHDRAWAL RULES APPLICABLE TO TRANSFER ACCOUNTS	  	 	40	  
		
	 ARTICLE VII     EMPLOYER ADMINISTRATIVE PROVISIONS
	  	 	41	  
	 Section 7.01
	  	ESTABLISHMENT OF TRUST	  	 	41	  
	 Section 7.02
	  	INFORMATION TO COMMITTEE	  	 	41	  
	 Section 7.03
	  	NO LIABILITY	  	 	41	  
	 Section 7.04
	  	INDEMNITY OF PLAN ADMINISTRATOR AND COMMITTEE	  	 	41	  
	 Section 7.05
	  	INVESTMENT FUNDS	  	 	41	  
		
	 ARTICLE VIII     PARTICIPANT ADMINISTRATIVE PROVISIONS
	  	 	42	  
	 Section 8.01
	  	PERSONAL DATA TO COMMITTEE	  	 	42	  
	 Section 8.02
	  	ADDRESS FOR NOTIFICATION	  	 	42	  
	 Section 8.03
	  	ASSIGNMENT OR ALIENATION	  	 	42	  
	 Section 8.04
	  	NOTICE OF CHANGE IN TERMS	  	 	43	  
	 Section 8.05
	  	PARTICIPANT DIRECTION OF INVESTMENT	  	 	43	  
	 Section 8.06
	  	CHANGE OF INVESTMENT DESIGNATIONS	  	 	43	  
	 Section 8.07
	  	LITIGATION AGAINST THE PLAN	  	 	44	  
	 Section 8.08
	  	INFORMATION AVAILABLE	  	 	44	  
	 Section 8.09
	  	APPEAL PROCEDURE FOR DENIAL OF BENEFITS	  	 	44	  
	 Section 8.10
	  	STATUTE OF LIMITATIONS FOR CIVIL ACTIONS	  	 	44	  
		
	 ARTICLE IX     ADMINISTRATION OF THE PLAN
	  	 	45	  
	 Section 9.01
	  	ALLOCATION OF RESPONSIBILITY AMONG FIDUCIARIES FOR PLAN AND TRUST ADMINISTRATION	  	 	45	  
	 Section 9.02
	  	APPOINTMENT OF COMMITTEE	  	 	45	  
	 Section 9.03
	  	COMMITTEE PROCEDURES	  	 	45	  
	 Section 9.04
	  	RECORDS AND REPORTS	  	 	46	  
	 Section 9.05
	  	OTHER COMMITTEE POWERS AND DUTIES	  	 	46	  
	 Section 9.06
	  	RULES AND DECISIONS	  	 	47	  
	 Section 9.07
	  	APPLICATION AND FORMS FOR BENEFITS	  	 	47	  
	 Section 9.08
	  	AUTHORIZATION OF BENEFIT PAYMENTS	  	 	47	  
	 Section 9.09
	  	FUNDING POLICY	  	 	47	  
	 Section 9.10
	  	FIDUCIARY DUTIES	  	 	47	  
	 Section 9.11
	  	ALLOCATION OR DELEGATION OF DUTIES AND RESPONSIBILITIES	  	 	47	  
	 Section 9.12
	  	PROCEDURE FOR THE ALLOCATION OR DELEGATION OF FIDUCIARY DUTIES	  	 	48	  
	 Section 9.13
	  	SEPARATE ACCOUNTING	  	 	48	  
	 Section 9.14
	  	VALUE OF PARTICIPANT’S ACCOUNT	  	 	48	  
	 Section 9.15
	  	REGISTRATION AND VOTING OF COMPANY COMMON STOCK	  	 	48	  
	 Section 9.16
	  	INDIVIDUAL STATEMENT	  	 	48	  
	 Section 9.17
	  	FEES AND EXPENSES FROM FUND	  	 	49	  
	 Section 9.18
	  	USE OF ALTERNATIVE MEDIA	  	 	49	  
	 Section 9.19
	  	PARTIES TO LITIGATION	  	 	49	  
	 Section 9.20
	  	UNCLAIMED BENEFIT – PROCEDURE	  	 	49	  
		
	 ARTICLE X     TOP HEAVY RULES
	  	 	49	  
	 Section 10.01
	  	MINIMUM EMPLOYER CONTRIBUTION	  	 	49	  
	 Section 10.02
	  	ADDITIONAL CONTRIBUTION	  	 	50	  
	 Section 10.03
	  	DETERMINATION OF TOP HEAVY STATUS	  	 	50	  
	 Section 10.04
	  	TOP HEAVY VESTING SCHEDULE	  	 	51	  

  
 iii

 TABLE OF CONTENTS 

(continued) 
  

							
	 	  	 	  	Page	 
			
	 Section 10.05
	  	DEFINITIONS	  	 	51	  
	 Section 10.06
	  	TOP HEAVY PROVISIONS INAPPLICABLE	  	 	52	  
		
	 ARTICLE XI     MISCELLANEOUS
	  	 	52	  
	 Section 11.01
	  	EVIDENCE	  	 	52	  
	 Section 11.02
	  	NO RESPONSIBILITY FOR EMPLOYER ACTION	  	 	52	  
	 Section 11.03
	  	FIDUCIARIES NOT INSURERS	  	 	52	  
	 Section 11.04
	  	WAIVER OF NOTICE	  	 	52	  
	 Section 11.05
	  	SUCCESSORS	  	 	52	  
	 Section 11.06
	  	WORD USAGE	  	 	52	  
	 Section 11.07
	  	HEADINGS	  	 	53	  
	 Section 11.08
	  	STATE LAW	  	 	53	  
	 Section 11.09
	  	EMPLOYMENT NOT GUARANTEED	  	 	53	  
	 Section 11.10
	  	SEVERABILITY	  	 	53	  
		
	 ARTICLE XII     EXCLUSIVE BENEFIT, AMENDMENT, TERMINATION
	  	 	53	  
	 Section 12.01
	  	EXCLUSIVE BENEFIT	  	 	53	  
	 Section 12.02
	  	AMENDMENT BY EMPLOYER	  	 	53	  
	 Section 12.03
	  	AMENDMENT TO VESTING PROVISIONS	  	 	54	  
	 Section 12.04
	  	DISCONTINUANCE	  	 	54	  
	 Section 12.05
	  	FULL VESTING ON TERMINATION	  	 	54	  
	 Section 12.06
	  	MERGER, DIRECT TRANSFER AND ELECTIVE TRANSFER	  	 	54	  
	 Section 12.07
	  	TERMINATION	  	 	55	  
		
	 SCHEDULE I     LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS
	  	 	57	  
	 SCHEDULE II     SPECIAL PROVISIONS FOR PRIOR MERGED PLANS
	  	 	69	  

  
 iv 

 STATE AUTO INSURANCE COMPANIES 

RETIREMENT SAVINGS PLAN 
 State Auto Property and Casualty Insurance Company, an Iowa corporation, hereby amends and restates in its entirety the State Auto Insurance Companies Retirement Savings Plan (fka the State Auto Insurance
Companies Capital Accumulation Plan), generally effective as of January 1, 2002, unless otherwise stated herein. 

BACKGROUND INFORMATION 
 State Auto Property and Casualty Insurance Company continues, within this amended agreement, this defined contribution retirement plan for the purpose of providing retirement benefits for eligible
Employees and encouraging Employees to accumulate savings for retirement and to further their financial independence. This Plan is an amended plan, in restated form, the original plan being established effective as of June 1, 1982, as amended
from time to time thereafter. In general, the provisions of this Plan, as amended and restated, apply solely to an Employee whose employment with the Employer terminates on or after the restated Effective Date of the Plan. An Employee whose
employment with the Employer terminates prior to the Effective Date shall be entitled to a benefit, if any, as determined under the provisions of the Plan or the appropriate Merging Plan in effect on the date his employment terminated. 

Special effective dates are included with respect to a number of provisions as necessary to conform to amendments to the Internal Revenue
Code of 1986, as amended and regulations thereunder enacted by the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”) (by incorporation of the previously adopted “good faith” amendments herein) and subsequent
legislation and regulatory changes in the tax qualification requirements identified in the 2009 Cumulative List of changes in Plan Qualification Requirements provided in Internal Revenue Service Notice 2009-98, including the final Treasury
Regulations under Code Section 415. In addition, this amended and restated Plan is intended to comply with the Pension Protection Act of 2006 (“PPA”), as amended by the Worker, Retiree and Employer Recovery Act of 2008
(“WRERA”) and the Heroes Earnings Assistance and Relief Tax Act of 2008 (the “HEART Act”). The Plan has been routinely amended on a timely basis to comply with all applicable laws and required statutory changes. By
amending and restating the Plan, the Employer intends to implement various design changes and update the Plan in accordance with the legislative and regulatory changes referenced above. 

The Plan, together with the Trust Agreement, is intended to satisfy the requirements described in Code Section 401(a), with a cash
or deferred arrangement qualified under Code Section 401(k) and a trust exempt from taxation under Code Section 501(a). Pursuant to the requirements of Code Section 401(a)(27), the Employer intends that the Plan be a profit sharing
plan. In addition, pursuant to Code Sections 401(k)(12) and 401(m)(11), the Employer intends that the Plan be a safe harbor 401(k) plan, effective January 1, 2008. All provisions herein shall be interpreted and administered in compliance with
the applicable Code Sections. 
 ARTICLE I 
 DEFINITIONS 
 Each word and phrase defined in this Article I shall have the
following meaning whenever such word or phrase is capitalized and used herein unless a different meaning is clearly required by the context of this agreement. 
 Section 1.01 ACCOUNT(S). The separate bookkeeping account(s) maintained for a Participant pursuant to Section 9.13 of the Plan. 

Section 1.02 APPROVED LEAVE OF ABSENCE. Any absence from work which shall have been granted by the Employer and recognized
by the Committee under uniform rules, including a maternity or paternity leave of absence. A “maternity or paternity leave of absence” shall mean an absence from work by reason of the Participant’s pregnancy, birth of the
Participant’s child, placement of a child with the Participant in connection with the adoption of such child, or any absence for the purpose of caring for such child for a period immediately following such birth or placement. 

 Section 1.03 BENEFICIARY. A person, whether an individual, legal
representative, estate or other entity, designated by a Participant pursuant to Section 5.08 of the Plan who is or may become entitled to a benefit under the Plan. A Beneficiary who becomes entitled to a benefit under the Plan shall remain a
Beneficiary under the Plan until the Trustee has fully distributed his benefit to him. A Beneficiary’s right to (and the Employer’s, Committee’s or Trustee’s duty to provide to the Beneficiary) information or data concerning the
Plan does not arise until he first becomes entitled to receive a benefit under the Plan. 
 Section 1.04 BOARD OF
DIRECTORS. The Board of Directors of State Auto Property and Casualty Insurance Company as constituted from time to time. 

Section 1.05 CATCH-UP CONTRIBUTION. The contributions made by an eligible Participant that are attributable to the
reduction in Compensation a Participant agrees to accept from the Employer each Plan Year as provided in Section 3.02.B of the Plan. 
 Section 1.06 CATCH-UP CONTRIBUTION ACCOUNT. That portion of a Participant’s Account credited with Catch-Up Contributions under Section 3.02.B. of the Plan and adjustments relating
thereto. 
 Section 1.07 CODE. The Internal Revenue Code of 1986, as amended, or as it may be amended from time to
time. 
 Section 1.08 COMMITTEE. The person or persons appointed pursuant to Article IX of the Plan by the
Chairman of the Board of Directors or the Chief Executive Officer of the Employer, as the Benefit Committee, as from time to time constituted, to assist the Employer in the administration of the Plan in accordance with said Article. 

Section 1.09 COMPANY. State Auto Financial Corporation, a corporation organized and existing under the laws of the State of
Ohio, and the parent company of the Employer. 
 Section 1.10 COMPENSATION. 

A. Compensation. A Participant’s basic earnings for services rendered in the course of employment with the Employer. Such
amount shall exclude all commissions, overtime pay, bonuses and extra direct or indirect remuneration. Compensation shall also include Elective Contributions made by the Employer on the Employee’s behalf. “Elective
Contributions” are amounts excludible from the Employee’s gross income under Code Section 402(e)(3) (relating to a Code Section 401(k) arrangement), Code Section 402(h) (relating to a Simplified Employee Pension), Code
Section 125 (relating to a cafeteria plan), Code Section 132(f)(4) (relating to a qualified transportation fringe benefit plan), Code Section 403(b) (relating to a tax-sheltered annuity) or Code Section 457 (relating to
government and tax-exempt organizations). Effective January 1, 2009, Compensation shall also include any differential wage payments (as defined in Code Section 3401(h)(2)) from the Employer, as required by Code Section 414(u)(12), as
amended by the HEART Act. For Plan Years and Limitation Years on and after January 1, 2002, amounts referenced under Code Section 125 include any amounts not available to a Participant in cash in lieu of group health coverage because the
Participant is unable to certify that he has other health coverage. An amount will be treated as an amount under Code Section 125 only if the Employer does not request or collect information regarding the Participant’s other health
coverage as part of the enrollment process for the health plan. 
 Any reference in this Plan to Compensation is a reference to
the definition in this Section 1.10, unless the Plan reference specifies a modification to this definition. The Committee will take into account only Compensation actually paid for the relevant period. 

  
 7 

 B. Compensation Limit. In addition to other applicable limitations set forth in the
Plan, and notwithstanding any other provisions of the Plan to the contrary, the annual Compensation of each Employee taken into account under the Plan shall not exceed the “Compensation Limitation” under Code Section 401(a)(17)
in effect for the applicable determination period as defined herein. Effective January 1, 2002, the Compensation Limitation is $200,000 ($245,000 effective January 1, 2010), as adjusted for cost-of-living increases in accordance with Code
Section 401(a)(17)(B). The cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding 12 months, over which Compensation is determined (determination period) beginning in such calendar year. If a determination
period consists of fewer than 12 months, the Compensation Limitation will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12. Any reference in this Plan to the
limitation under Code Section 401(a)(17) shall mean the Compensation Limitation set forth in this provision. 
 C.
Compensation — Special Rules. For purposes of determining whether the Plan discriminates in favor of Highly Compensated Employees, the Employer may elect to use an alternate nondiscriminatory definition of Compensation, in accordance
with the requirements of Code Section 414(s) and the Treasury Regulations promulgated thereunder. In determining Compensation (for purposes of determining whether the Plan discriminates in favor of Highly Compensated Employees), the Employer
may elect to include as Compensation all Elective Contributions made by the Employer on behalf of Employees. The Employer’s election to include Elective Contributions must be consistent and uniform with respect to Employees and all plans of the
Employer for any particular Plan Year. The Employer may make this election to include Elective Contributions for nondiscrimination testing purposes, irrespective of whether Elective Contributions are included in the general definition of
Compensation applicable to the Plan. 
 Section 1.11 CONSOLIDATED NET ACCUMULATED OR CURRENT EARNINGS OF THE
COMPANY. The consolidated net accumulated or current earnings of the Company and all affiliated companies as reported in the published financial statements of the Company or affiliated companies. 

Section 1.12 EFFECTIVE DATE. January 1, 2002, the date on which the provisions of this amended and restated Plan
become effective, except as otherwise provided herein or as required by applicable legislation. The original Effective Date of the Plan was June 1, 1982. 
 Section 1.13 EMPLOYEE. Any person who, on or after the Effective Date, is receiving remuneration for personal services rendered to the Employer or any Related Employer as a common law
employee (or who would be receiving such remuneration except for an Approved Leave of Absence). 
 If the Employer does not
characterize a person as an Employee and the Employer is later required to recharacterize such person’s status with the Employer as an Employee, the person will be treated as an Employee under the Plan as of the date of the recharacterization,
unless an earlier date is necessary to preserve the tax-qualified status of the Plan. Notwithstanding such general recharacterization, such person shall not be considered an “eligible Employee” for purposes of Plan participation, except
and to the extent necessary to preserve the tax-qualified status of the Plan. 
 Effective January 1, 2009, an Employee
also includes any individual in Qualified Military Service (as defined in Code Section 414(u)) who is receiving differential wage payments (as defined in Code Section 3401(h)(2)) from the Employer solely for the purposes of providing
contributions, benefits and Service credit with respect to Qualified Military Service, as applicable. 
 Section 1.14
EMPLOYER. State Auto Property and Casualty Insurance Company, a corporation organized and existing under the laws of the State of Iowa, or its successors and assigns, and any Related Employers to the Employer or the Company, which adopt the
Plan with the consent of the Employer, hereinafter collectively referred to as the “Employer”. Notwithstanding the foregoing, effective January 1, 2009, the Rockhill entities shall not be a participating or adopting Related Employer
with respect to the Plan. 
 Section 1.15 EMPLOYER NONELECTIVE RETIREMENT CONTRIBUTION. The contributions made to
the Employer Nonelective Retirement Contribution Account of an eligible Participant by the Employer as provided in Section 3.04.C of the Plan. 

  
 8 

 Section 1.16 EMPLOYER NONELECTIVE RETIREMENT CONTRIBUTION ACCOUNT. The
separate Account maintained for each eligible Participant to reflect Employer Nonelective Retirement Contributions and any earnings thereon. 
 Section 1.17 EMPLOYMENT COMMENCEMENT DATE. The date on which an Employee completes his first hour of Service for the Employer or a Related Employer. 

Section 1.18 ERISA. The Employee Retirement Income Security Act of 1974, as amended or as it may be amended from time to
time. 
 Section 1.19 FORFEITURE. The portion of a Participant’s or former Participant’s Regular
Matching Contribution, Safe Harbor Matching Contribution and/or Employer Nonelective Retirement Contribution Account(s) to which he is not entitled at the termination of his employment as determined in Section 4.01 of the Plan. 

Section 1.20 HIGHLY COMPENSATED EMPLOYEE. Any Employee who: 

A. at any time during the current Plan Year or the preceding Plan Year was a five percent owner of the Employer as defined in Code
Section 416(i); or 
 B. for the preceding Plan Year — 

 

	 	(i)	received more than $90,000 in Test Compensation from the Employer (or such higher amount as adjusted pursuant to Code Section 414(q)(1)); and

  

	 	(ii)	was in the top 20% of Employees when ranked on the basis of Test Compensation for such Plan Year (excluding Employees described in Code Section 414(q)(5) and
applicable regulations). 

 Highly Compensated Employees include highly compensated former employees. A highly
compensated former employee includes any Employee who has had a Severance from Employment (or was deemed to have a Severance from Employment) prior to the current or preceding Plan Year, performs no Service for the Employer during such Plan Year,
and was a highly compensated active Employee for either the separation year or any Plan Year ending on or after the Employee’s 55th birthday, in accordance with the rules for determining Highly Compensated Employee status in effect for that
determination year and in accordance with applicable Treasury Regulations and IRS Notice 97-45. 
 For purposes of this Section,
“Compensation” means Test Compensation as defined in Section 1.48 of the Plan, and Related Employers to the Employer shall be treated as a single employer with the Employer. The determination of who is Highly Compensated shall be made
in accordance with Code Section 414(q) and the Treasury Regulations promulgated thereunder. 
 Section 1.21 HOUR
OF SERVICE. Hour of Service means: 
 A. each hour for which an Employee is paid, or entitled to payment, for the
performance of duties for the Employer or a Related Employer. These hours shall be credited to the Employee for the computation period or periods in which the duties are performed; 

B. each hour for which an Employee is paid, or entitled to payment, by the Employer or a Related Employer on account of a period of time
during which no duties are performed (irrespective of whether the employment relationship has terminated) due to vacation, holiday, illness, incapacity (including disability), layoff, jury duty, military duty or leave of absence; 

  
 9 

 C. each hour for which back pay, irrespective of mitigation of damages, is either awarded or
agreed to by the Employer or Related Employer. The same Hours of Service shall not be credited both under subsections A. or B. above, as the case may be, and under this subsection C. These hours shall be credited to the Employee for the computation
period or periods to which the award or agreement pertains, rather than the computation period in which the award, agreement, or payment is made; 
 D. except as provided in subsection E. below, hours under the foregoing subsections shall be calculated and credited pursuant to the minimum requirements prescribed under Section 2530.200b-2 of the
Department of Labor Regulations, which are incorporated herein by this reference; and 
 E. notwithstanding the foregoing, in
the case of any Employee for whom the Employer’s records do not accurately reflect the actual number of Hours of Service as determined above, such Employee shall be credited with 45 Hours of Service for each week in which he is credited with at
least one Hour of Service. 
 Section 1.22 INVESTMENT FUND(S). An investment fund offered by the Committee under
the Plan to Participants for the purpose of enabling them to direct investment of their Accounts under the procedures described in Article VII. The Committee and the Employer reserve the right, in their discretion, to offer additional Investment
Funds or cease to offer any Investment Fund(s) at such time as they may deem appropriate. 
 Section 1.23 LEASED
EMPLOYEE. Any person (other than an Employee of the Employer) who, pursuant to an agreement between the Employer and any other person (“Leasing Organization”), has performed services for the Employer (or for the Employer and
related persons determined in accordance with Code Section 414(n)(6)) on a substantially full-time basis for a period of at least one year, which services are performed under the primary direction or control of the Employer. Contributions or
benefits provided to a Leased Employee by the Leasing Organization that are attributable to services performed for the Company shall be treated as provided by the Employer. If applicable, Compensation under Section 1.10 of the Plan includes
compensation from the Leasing Organization that is attributable to services performed for the Employer. 
 A Leased Employee
shall not be considered an Employee of the Employer if (A) such individual is covered by a money purchase pension plan of the Leasing Organization providing: (i) a non-integrated employer contribution rate of at least ten percent of
compensation, as defined in Code Section 415(c)(3), but including amounts contributed pursuant to a salary reduction agreement that are excludible from the employee’s gross income under Code Sections 125, 132(1)(4), 402(e)(3), 402(h) or
403(b), (ii) immediate participation and (iii) full and immediate vesting; and (B) Leased Employees do not constitute more than 20% of the Employer’s nonhighly compensated workforce. 

Section 1.24 MERGING PLAN. One or more qualified plans of prior employers that have been merged with and into this Plan.
Any relevant benefits, rights or features that require preservation in this Plan in accordance with Code Section 411(d)(6) shall be disclosed in an applicable Schedule. 
 Section 1.25 NONFORFEITABLE / VESTED. A Participant’s or Beneficiary’s unconditional claim, legally enforceable against the Plan, to all of a portion of the Participant’s
Account(s) under the Plan. 
 Section 1.26 NORMAL RETIREMENT AGE. Age 65, unless otherwise provided in Schedule II
of the Plan. 
 Section 1.27 PARTICIPANT. An Employee who is eligible to be and becomes a Participant in the Plan
in accordance with the provisions of Article II of the Plan. An Employee who becomes a Participant shall remain a Participant or former Participant under the Plan until the Trustee has fully distributed the Participant’s Vested amount in his
Account to him. 
 Section 1.28 PARTICIPATION DATE. The first day of any period on which a Participant commences
participation in the Plan after meeting the eligibility requirements of Article II of the Plan and submitting such notice, documents or information as may be prescribed by the Committee. 

  
 10 

 Section 1.29 PLAN. The plan set forth herein, or as amended from time to time,
designated as the State Auto Insurance Companies Retirement Savings Plan. Prior to January 1, 2010, the Plan was known as the State Auto Insurance Companies Capital Accumulation Plan. 

Section 1.30 PLAN SPONSOR. Effective December 1, 2010, State Auto Property and Casualty Insurance Company. Prior to
December 1, 2010, State Automobile Mutual Insurance Company was the Plan Sponsor. 
 Section 1.31 PLAN YEAR.
The 12 consecutive month period beginning on January 1 and ending on December 31. 
 Section 1.32 REGULAR
MATCHING CONTRIBUTION. The contributions made to the Regular Matching Contribution Account of a Participant by the Employer as provided in Section 3.04A of the Plan. 
 Section 1.33 REGULAR MATCHING CONTRIBUTION ACCOUNT. That portion of a Participant’s Account credited with Regular Matching Contributions and adjustments relating thereto. 

Section 1.34 RELATED EMPLOYERS. A controlled group of corporations (as defined in Code Section 414(b)), trades or
business (whether or not incorporated) which are under common control (as defined in Code Section 414(c)), or an affiliated service group (as defined in Code Sections 414(m) and (o)). If the Employer is a member of a group of Related Employers,
the term “Employer” includes the Related Employers for purposes of crediting Hours of Service, applying the coverage test of Code Section 410(b), determining years of Service and breaks in service under Article IV, applying the
limitations described in Schedule I, applying the Top Heavy rules and the minimum benefit requirements of Article X, the definitions of Employee, Highly Compensated Employee, Compensation, Leased Employee and Service contained in this Article I, and
for any other purpose as required by the Code or by the Plan. However, only an Employer described in Section 1.14 of the Plan may contribute to the Plan, and only an Employee employed by the Employer described in Section 1.14 of the Plan
is eligible to participate in this Plan. 
 Section 1.35 ROLLOVER CONTRIBUTION. Any contribution by an eligible
Employee of sums distributed to him from any other qualified employee benefit plan or from an individual retirement account, provided such prior distribution meets all the applicable requirements to qualify for rollover treatment and the rollover is
approved by the Committee. Notwithstanding the foregoing, the Committee shall not approve the contribution by an eligible Employee of any sums distributed to such eligible Employee from a qualified employee benefit plan if the Plan’s acceptance
of such contribution would require that distributions under the Plan be made in the form of a qualified joint and survivor annuity or a qualified preretirement survivor annuity as prescribed in Code Sections 401(a)(11) and 417. 

Section 1.36 ROLLOVER CONTRIBUTION ACCOUNT. That portion of a Participant’s Account credited with Rollover
Contributions under Section 3.07 of the Plan, and adjustments relating thereto. 
 Section 1.37 SAFE HARBOR
MATCHING CONTRIBUTION. The contributions made to the Safe Harbor Matching Contribution Account of a Participant by an Employer as provided in Section 3.04.B of the Plan. 

Section 1.38 SAFE HARBOR MATCHING CONTRIBUTION ACCOUNT. The separate Account maintained for each Participant to reflect
Safe Harbor Matching Contributions and any earnings thereon. 
 Section 1.39 SALARY REDUCTION CONTRIBUTION. The
contributions made by an Employee that are attributable to the reduction in Compensation a Participant agrees to accept from an Employer each Plan Year as described in Section 3.02A of the Plan. 

Section 1.40 SALARY REDUCTION CONTRIBUTION ACCOUNT. The separate Account maintained for each Participant to reflect Salary
Reduction Contributions and any earnings thereon. 

  
 11 

 Section 1.41 SERVICE. The years and months of employment (including Approved
Leaves of Absence, if any) with an Employer or Related Employer, where any partial month shall constitute a complete month. Such years and months shall be calculated from the Participant’s Employment Commencement Date to the Participant’s
final termination date less any period or periods of non-employment with the Employer or a Related Employer. 
 Notwithstanding
the foregoing, if a Participant is absent from work due to any reason other than quit, discharge, retirement or death, the period up to the first anniversary of the first day of such absence (or up to the date of quit, discharge, retirement or death
if earlier) shall be counted as Service for all purposes under the Plan. 
 Notwithstanding the above, an Employee, whose
employer immediately prior to employment by the Employer was Columbus Life Insurance Company (formerly known as Columbus Mutual Life Insurance Company) and who was employed by the Employer in 1982, shall have all service with Columbus Life Insurance
Company counted as Service for all purposes under the Plan. 
 Effective January 1, 2009, Service also includes Qualified
Military Service (as defined in Code Section 414(u)) for any Employee who is receiving differential wage payments (as defined in Code Section 3401(h)(2)) from the Employer solely for the purposes of providing contributions, benefits and
Service credit with respect to Qualified Military Service, as applicable. Notwithstanding the foregoing, a Participant who dies or becomes disabled while performing Qualified Military Service (within the meaning of Code Section 414(u)) shall be
treated as if he died or became disabled while actively employed. 
 Section 1.42 SEVERANCE FROM EMPLOYMENT. A
separation from Service with the Employer maintaining this Plan and any Related Employers such that the Employee no longer has an employment relationship with the Employer or Related Employer. 

Section 1.43 SHARES. The no par value common shares of the Company. 

Section 1.44 SPOUSAL CONSENT. A written consent given by a Participant’s legally-recognized Spouse to a
Participant’s designation of a specified Beneficiary or Beneficiaries (including the designation of any class of Beneficiaries or any contingent Beneficiaries) under Section 5.08 of the Plan, the Participant’s election of an immediate
distribution under Section 5.02 of the Plan, or the Participant’s request for a withdrawal or loan under Article VI of the Plan, respectively. Any Spousal Consent shall be effective only with respect to the Spouse providing the consent.
Such consent shall be duly witnessed by a Plan representative or a notary public and shall acknowledge the effect on the Spouse of the Participant’s election. The Participant may revoke, without limitation, any such designation, election or
request without the need for Spousal Consent at any time before the date of the Participant’s death, the date as of which the Participant is to receive a distribution from the Plan or, if applicable, before the effective date of a withdrawal or
loan. Any new designation, election or request by a Participant as provided above will require a new Spousal Consent. The requirement for Spousal Consent may be waived by the Committee if it is established that there is no Spouse, the Spouse cannot
be located, the Participant has a court order evidencing a legal separation from or abandonment by the Spouse, or for such other circumstances as shall be prescribed by applicable law. 

Section 1.45 SPOUSE. The legally-married husband or wife of a Participant. 

Section 1.46 SUPPLEMENTAL PARTICIPANT CONTRIBUTION. The nondeductible contributions made by the Participant as described in
Section 3.02.D of the Plan. 
 Section 1.47 SUPPLEMENTAL PARTICIPANT CONTRIBUTION ACCOUNT. The separate
Account maintained for each Participant to reflect Supplemental Participant Contributions and any earnings thereon. 

Section 1.48 TEST COMPENSATION. An Employee’s gross earnings from the Employer or a Related Employer, reported under
Code Sections 6041 and 6051 on IRS Form W-2, plus Salary Reduction Contributions and other Elective Contributions described in Code Sections 125, 132(f), 402(e)(3), 402(h) or 403(b). In no event shall the amount of Test Compensation taken into
account under the Plan exceed the adjusted annual limitation permitted under Section 1.10 of the Plan. 

  
 12 

 Section 1.49 TOTAL AND PERMANENT DISABILITY. A physical or mental condition
that results in a determination of disability status under any group long-term disability plan sponsored by the Employer, as determined by the terms of such plan. 
 Section 1.50 TREASURY REGULATIONS. Regulations promulgated under the Code by the Secretary of the Treasury. 
 Section 1.51 TRUST AGREEMENT AND TRUST. Trust Agreement and Trust mean, respectively, the agreement between the Employer and the Trustee governing the administration of the Trust, as it may
be amended from time to time, and the Trust Fund established thereunder. 
 Section 1.52 TRUST FUND. All money,
securities and other property of every kind held or acquired by the Trustee under the Trust Agreement for the purposes of the Plan, together with the income therefrom. 
 Section 1.53 TRUSTEE. The person(s) or such other entity named by the Board of Directors or the Committee to administer the Trust Fund in accordance with the Trust Agreement. 

Section 1.54 VALUATION DATE. Each day on which the New York Stock Exchange is open for trading. 

Section 1.55 YEAR OF ELIGIBILITY SERVICE. An Eligibility Computation Period in which an Employee is credited with at least
1,000 Hours of Service in the employ of an Employer or a Related Employer. 
 The “initial Eligibility Computation
Period” with respect to an Employee shall mean the 12-consecutive month period that begins on the day on which the Employee first completes an Hour of Service in the employ of an Employer or a Related Employer (his “date of hire”)
and ends on the day preceding the first anniversary of such date. Thereafter, all “subsequent Eligibility Compensation Periods” shall coincide with the Plan Year (beginning with the Plan Year that commences immediately following the
Employee’s date of hire). An Employee who completes 1,000 Hours of Service in both his initial Eligibility Computation Period and in the Plan Year which commences immediately after the Employee’s date of hire shall be credited with two
Years of Eligibility Service. 
 Section 1.56 TERMS DEFINED ELSEWHERE. 

 

					
	 Actual Contribution Percentage
	  	 	Section I.04A(ii)	 
	 Actual Deferral Percentage
	  	 	Section I.01A(i)	  
	 Affected Employees
	  	 	Schedule II	  
	 Aggregate Limit
	  	 	Section I.04A(i)	  
	 Annual Additions
	  	 	Section I.06A	  
	 Annuity Starting Date
	  	 	Section 5.02A	  
	 Beacon Plan
	  	 	Section II.05A	  
	 Cash-out Distribution
	  	 	Section 4.03	  
	 Catch-Up Contribution
	  	 	Section 3.02B	  
	 Claimant
	  	 	Section 8.09	  
	 Closing Date
	  	 	Schedule II	  
	 Company
	  	 	Section I.06B	  
	 Company Stock Fund
	  	 	Section 7.05	  
	 Compensation
	  	 	Sections 10.05C; I.06C	  
	 Compensation Limitation
	  	 	Section 1.10B	  
	 Contribution Percentage
	  	 	Section I.04A(iii)	  
	 Contribution Percentage Amounts
	  	 	Section I.04A(iv)	  
	 Defined Benefit Plan
	  	 	Section I.06D	  

  
 13 

					
	 Defined Contribution Plan
	  	 	Section I.06E	  
	 Designated Beneficiary
	  	 	Section 5.07B(i)	  
	 Determination Date
	  	 	Section 10.05G	  
	 Direct Rollover
	  	 	Section 6.05B(iv)	  
	 Distributee
	  	 	Section 6.05B(iii)	  
	 Distribution Calendar Year
	  	 	Section 5.07B(ii)	  
	 Elective Contributions
	  	 	Section 1.10A	  
	 Elective Deferrals
	  	 	Section I.03A(i)	  
	 Eligible Retirement Plan
	  	 	Section 6.05B(ii)	  
	 Eligible Rollover Distribution
	  	 	Section 6.05B(i)	  
	 Employee Nonelective Retirement Contribution
	  	 	Section 3.04C(ii)	  
	 Employer
	  	 	Section 10.05F	  
	 Excess Aggregate Contributions
	  	 	Section I.04A(vi)	  
	 Excess Compensation Deferrals
	  	 	Section I.01A(ii)	  
	 Excess Elective Deferrals
	  	 	Section I.03A(ii)	  
	 Extended 2009 RMDs
	  	 	Section 5.07I(iv)	  
	 Farmers Plan
	  	 	Section II.03B(i)	  
	 Gap Period
	  	 	Section I.02A	  
	 HEART Act
	  	 	Background Information	  
	 initial Eligibility Computation Period
	  	 	Section 1.55	  
	 Investment Funds
	  	 	Section 7.05	  
	 Key Employee
	  	 	Section 10.05A	  
	 Leasing Organization
	  	 	Section 1.23	  
	 Life Expectancy
	  	 	Section 5.07B(iii)	  
	 Limitation Year
	  	 	Section I.06F	  
	 Matching Contribution
	  	 	Section I.04A(vi)	  
	 maternity or paternity leave of absence
	  	 	Section 1.02	  
	 Maximum Permissible Amount
	  	 	Section I.06G	  
	 Meridian Plan
	  	 	Section II.04A	  
	 Merger Date
	  	 	Schedule II	  
	 Midwest Plan
	  	 	Section II.02B(i)	  
	 Millbank Plan
	  	 	Section II.01B(i)	  
	 Non-Key Employee
	  	 	Section 10.05B	  
	 Patrons Plan
	  	 	Section II.06A	  
	 period of severance
	  	 	Section 4.04C	  
	 permanently and totally disabled
	  	 	Section I.06C	  
	 Permissive Aggregation Group
	  	 	Section 10.05E	  
	 Plan Administrator
	  	 	Section 9.01	  
	 Post-Severance Compensation
	  	 	Section I.06C	  
	 PPA
	  	 	Background Information	  
	 QACA
	  	 	Section 2.02C	  
	 QACA Effective Date
	  	 	Section 2.02C	  
	 Qualified Reservist
	  	 	Section 6.04	  
	 Qualified Reservist Distribution
	  	 	Section 6.04	  
	 Regular Matching Contribution
	  	 	Section 3.04A	  
	 Required Aggregation Group
	  	 	Section 10.05D	  
	 Required Beginning Date
	  	 	Section 5.03B	  
	 RMD Account Balance
	  	 	Section 5.07B(iv)	  
	 Restorative Payments
	  	 	Section I.06A	  
	 Safe Harbor Matching Contributions
	  	 	Section 3.04B(i)	  
	 Safe Harbor Notice Period
	  	 	Section 3.04B(ii)	  
	 Salary Reduction Contribution
	  	 	Section 3.02A(i)	  
	 Service Transition Period
	  	 	Schedule II	  
	 subsequent Eligibility Compensation Periods
	  	 	Section 1.55	  
	 Supplemental Participant Contribution
	  	 	Section 3.02D	  
	 Tender Offer
	  	 	Section 7.05	  

  
 14 

					
	 Top Heavy
	  	 	Section 10.03	  
	 Transfer Contributions
	  	 	Section 3.07	  
	 2009 RMDs
	  	 	Section 5.07I(iv)	  
	 Valuation Calendar Year
	  	 	Section 5.07B(iv)	  

 ARTICLE II

 ELIGIBILITY AND PARTICIPATION 
 Section 2.01 ELIGIBILITY. 
 A. Each individual who was an Employee
of the Employer on the Effective Date, and who was a Participant in the Plan on that date shall continue to be eligible to participate in the Plan. 
 B. Except as provided below, each Employee who is not described in subsection A. above, who is employed by the Employer, and who is hired in a classification other than that of a temporary Employee or an
Employee employed on a retainer or consultant basis shall be eligible to become a Participant as of the first day of the pay period coincident with or next following: (i) 90 days after the Employee’s Employment Commencement Date (for
Employment Commencement Dates on or after June 1, 2009 and 30 days for any Employment Commencement Date prior to June 1, 2009) provided the Employee has attained age 21 or will attain age 21 within the first calendar year that commences
after the Employee’s Employment Commencement Date; or (ii) the Employee’s attainment of age 20. An Employee whose employment is governed by the terms of a collective bargaining agreement shall not become a Participant hereunder unless
said agreement specifically provides for Plan coverage. 
 C. Notwithstanding subsections A. and B. above, an Employee who is
employed by the Employer and who is hired as a temporary Employee or as an Employee employed on a retainer or consultant basis shall be eligible to become a Participant as of the January 1 or July 1 coincident with or next following the
later of: 
  

	 	(i)	such Employee’s attainment of the age of 21 years; and 

  

	 	(ii)	such Employee’s completion of one Year of Eligibility Service; provided such Employee remains in the employment of the Employer as of such January 1 or
July 1. 

 For the purpose of this subsection C., a temporary Employee is defined as an individual who is not
employed on a regular basis by the Employer and who is compensated for services performed for such Employer on an hourly basis. Each temporary Employee shall be notified upon employment of his status as a temporary Employee. The Employer shall
maintain records documenting the Employee’s temporary status. 
 In addition, for the purpose of this subsection C., an
Employee hired on a retainer or consultant basis is defined as an Employee who is employed by the Employer because of his specialized skills to provide strategic guidance to the Employer. Such employment shall be for an indeterminate period of time.
Each such Employee shall be notified of his employment status when hired, and the Employer shall maintain records documenting this status. 
 D. Notwithstanding any provision of the Plan to the contrary, any individual who the Employer determines to be an independent contractor, leased employee (including a Leased Employee), leased owner,
leased manager, shared employee or person working under a similar classification shall not become a Participant hereunder, regardless of whether any such individual is ultimately determined to be a common law employee, unless and until the Employer
shall otherwise determine. 

  
 15 

 Section 2.02 PARTICIPATION. 

A. Each Employee who has met the applicable eligibility requirements described in Section 2.01 above shall become a Participant on
the Participation Date which is not later than 15 days following the date on which he has agreed to make Salary Reduction Contributions to the Plan. 
 B. Effective on and after April 1, 1999 and prior to January 1, 2008, the Committee may establish a default Salary Reduction Contribution percentage which will apply to each Employee who has met
the applicable eligibility requirements described in Section 2.01 of the Plan unless such Employee elects to increase or decrease such Salary Reduction Contribution percentage by providing notice during such time and in such manner as
prescribed by the Committee and communicated to Employees. Absent such affirmative action by an Employee, such default percentage shall apply as of the first day of the pay period coincident with or next following the Employee’s satisfaction of
the applicable eligibility requirements described in Section 2.01 above and such day shall be considered the Employee’s Participation Date. The Committee may, from time to time, increase, decrease or eliminate such default Salary Reduction
Contribution percentage. 
 C. Effective January 1, 2008, the Plan shall implement a qualified automatic contribution
arrangement (“QACA”) pursuant to Section 902 of the PPA. The QACA shall initially provide for a default Salary Reduction Contribution percentage of three percent of an applicable eligible Employee’s Compensation, with such
default percentage increasing, as provided in Section 3.02.C of the Plan, beginning with the first pay period that ends in the second Plan Year following the date the QACA becomes applicable to such Employee (the “QACA Effective
Date”) and with subsequent increases effective for the first pay period in each successive Plan Year. The QACA shall apply to each Employee who has met the applicable eligibility requirements described in Section 2.01 above as of
January 1, 2008, and to each Employee who meets such eligibility requirements thereafter unless such Employee affirmatively elects to increase or decrease the default Salary Reduction Contribution election by providing notice during such time
and in such manner as prescribed by the Committee and communicated to Employees. 
 Section 2.03 ENROLLMENT AND
PARTICIPATION FORMS. As soon as administratively practicable, the Committee, or its designee, shall notify each Employee who is eligible to become a Participant in the Plan and shall explain the rights, privileges and duties of a Participant in
the Plan. Employees who meet the applicable eligibility requirements described in Section 2.01 above and who desire to become Participants shall be required to enter into a salary reduction agreement during such time and in such manner as
prescribed by the Committee and communicated to Employees. Employees who meet the eligibility requirements described in Section 2.01 above and who fail to affirmatively elect to participate or not participate in the Plan shall be deemed to
enter into a salary reduction agreement at such time and in such manner as prescribed by the Committee and communicated to applicable Employees. Each Participant shall designate a Beneficiary in such manner as prescribed by the Committee as provided
in Section 5.08 of the Plan and shall elect the manner in which contributions made to his Account are to be invested as provided in Article VIII of the Plan. In addition, an Employee who meets the requirements of Section 3.02.B of the Plan
may make Catch-Up Contributions. A Participant who desires to make Catch-Up Contributions shall give notice of the same at such time and in such manner as prescribed by the Committee and communicated to Employees. Such election shall take effect on
the first day of a pay period which is administratively practicable following the date of the Participant’s election. 

Section 2.04 TRANSFERS BETWEEN CLASSES OF EMPLOYEES. In the case of a Participant who transfers to an ineligible employment
status, such Employee shall continue to share in the investment experience of the Trust Fund, but such Employee shall cease to participate in Employer contributions under the Plan. Such individual shall remain a former Participant under the Plan
until such time as participation is terminated or he again becomes an active Participant. 
 Section 2.05
INTER-COMPANY TRANSFERS. If a Participant is transferred from one Employer to another Employer hereunder, he shall remain a Participant under the Plan and shall share in the allocation of Employer contributions to the extent the Employee both
continues to be eligible for participation under Section 2.01 of the Plan and continues to make Salary Reduction Contributions with the respective Employer. If a Participant is transferred to a Related Employer which has not adopted this Plan,
he shall continue to share in the investment experience of the Trust Fund but shall cease to participate in Employer contributions until such time as he is again employed by an Employer in a position covered under the Plan and he begins Salary
Reduction Contributions 

  
 16 

 
hereunder. If such an Employee terminates employment without ever again becoming a Participant, the terms of Article IV of the Plan shall apply. If an Employee transfers employment from a Related
Employer which is not an Employer hereunder to an Employer, he shall become a Participant in accordance with Section 2.01 taking into account his prior employment with the Related Employer. 

Section 2.06 TERMINATION AND REEMPLOYMENT. 
 A. If an Employee who has met the eligibility requirements of Section 2.01 of the Plan terminates employment and is subsequently rehired by the Employer, he shall again be eligible to participate in
the Plan on his date of reemployment. 
 B. If an Employee who has not met the eligibility requirements of Section 2.01 of
the Plan terminates employment and is subsequently rehired by the Employer, he shall be eligible to participate in the Plan when he meets the applicable eligibility requirements of Section 2.01 above, based upon his original date of employment.

 ARTICLE III 
 CONTRIBUTIONS 
 Section 3.01 INDIVIDUAL ACCOUNTS. An Account
shall be established and maintained for each Participant and former Participant having an amount to his credit in the Trust Fund. Each Account shall be divided into separate subaccounts for Salary Reduction Contributions, Catch-Up Contributions,
Regular Matching Contributions, Safe Harbor Matching Contributions, Employer Nonelective Retirement Contributions and Supplemental Participant Contributions, as defined below and any other types of contributions, as identified herein. If a
Participant has made a Rollover Contribution, as defined below, separate subaccounts shall be established for such contributions. Furthermore, if a Participant re-enters the Plan subsequent to a Forfeiture (as defined in Section 4.02 of the
Plan), the Committee or the Trustee shall maintain separate Accounts for the Participant’s pre-Forfeiture break in service Account and post-Forfeiture break in service Account, unless the Participant’s entire Account under the Plan is 100%
Nonforfeitable. The Committee will make its allocations, or request the Trustee to make its allocations to the Accounts of the Participants in accordance with the provisions of Section 9.13 of the Plan. The Committee may direct the Trustee to
maintain a temporary segregated investment Account in the name of a Participant to prevent a distortion of income, gain or loss allocations under Section 9.13 of the Plan. The Committee shall maintain records of its activities. 

Section 3.02 PARTICIPANT CONTRIBUTIONS. 
 A. Salary Reduction Contributions. 
  

	 	(i)	Contribution Limits. For any Plan Year, each Participant may elect to have allocated to his Account an amount of his Compensation for such Plan Year, of not less
than one percent but not more than the lesser of $11,000 in 2002 (or such larger dollar amount as the Commissioner of the Internal Revenue may prescribe in accordance with Code Section 402(g), e.g., $16,500 in 2010) or 50% of his Compensation
for such Plan Year. Such amount shall be known as the Participant’s “Salary Reduction Contribution.” Effective January 1, 2010, all such salary reductions shall be reflected in whole percentages. 

 

	 	(ii)	 Amount of Salary Reduction Contribution. A Participant’s Compensation for a Plan Year shall be reduced by: (1) the amount of the
deferral affirmatively elected by the Participant for such Plan Year; or (2) if applicable, the amount of deferral designated as the default Salary Reduction Contribution as described below. The Employer shall not make a Salary Reduction
Contribution to the Trust to the extent that the contribution would exceed the Participant’s Maximum Permissible Amount as defined under Schedule I of the Plan. Except for occasional, bona fide administrative considerations, contributions made
pursuant to a Salary Deferral Contribution election cannot precede 

  
 17 

	 	 
the earlier of: (a) the performance of Services relating to the contribution; or (b) the date that the Compensation, which is subject to the Salary Reduction Contribution election,
would be payable to the Participant in the absence of a Salary Reduction Contribution election. Effective January 1, 2008, Compensation for purposes of this Section 3.02 shall have the meaning set forth in Schedule I of the Plan.

 B. Catch-Up Contributions. Effective for contributions made on or after January 1, 2002, each
Participant who is eligible to make Salary Deferral Contributions under the Plan and who has or will attain age 50 by the end of the Plan Year shall be eligible to make “Catch-Up Contributions” in accordance with, and subject to,
the limitations of Code Section 414(v); provided, however, that such Catch-Up Contributions shall not exceed 25% of a Participant’s Compensation. Such Catch-Up Contributions shall not be taken into account for purposes of the provisions of
the Plan implementing the required limitations of Code Sections 402(g) and 415. The Plan shall not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Code Sections 401(k)(3), 410(k)(11), 401(k)12), 410(b) or
416, as applicable, by reason of the making of such Catch-Up Contributions. Matching contributions will not be contributed with respect to any Catch-Up Contributions elected or deemed to have been made by a Participant. 

Notwithstanding the foregoing, Catch-Up Contributions shall be treated as Salary Reduction Contributions under Section 3.04 of the
Plan solely to the extent a Participant’s Salary Reduction Contributions (exclusive of Catch-Up Contributions) for a given Plan Year do not equal or exceed six percent of the Participant’s Compensation during the Plan Year and provided
that any such inclusion of Catch-Up Contributions in Salary Reduction Contributions will not cause the amount of Salary Reduction Contributions that are recognized for purposes of the Regular Matching Contribution and the Safe Harbor Matching
Contribution formulas to exceed six percent of the Participant’s Compensation during the Plan Year. 
 C. Default Salary
Reduction Contributions. 
  

	 	(i)	In General. Effective January 1, 2008, the Plan shall implement a QACA. The QACA shall initially provide for a default Salary Reduction Contribution
percentage of three percent of an applicable eligible Employee’s Compensation, with such default percentage increasing, as provided below, beginning with the first pay period that ends in the second Plan Year following the Employee’s QACA
Effective Date and with subsequent increases effective for the first pay period in each successive Plan Year. 

  

			
	 Default Percentage of
Compensation
	  	 Effective Date of
Default Percentage

	 4%
	  	Second Plan Year following QACA Effective Date
	 5%
	  	Third Plan Year following QACA Effective Date
	 6%
	  	Fourth and later Plan Years following QACA Effective Date

 The QACA shall apply to each Employee who has met the applicable eligibility requirements described in Section 2.01 above as of January 1, 2008, and to each Employee who meets such eligibility
requirements thereafter unless such Employee affirmatively elects to increase or decrease the default Salary Reduction Contribution election by providing notice during such time and in such manner as prescribed by the Committee and communicated to
Employees. 
  

	 	(ii)	Administrative and Notice Requirements. The Committee shall administer the Employer’s election to implement a QACA in a uniform and nondiscriminatory manner
with respect to newly eligible Participants (including rehired Participants). 

  
 18 

 The time at which the default Salary Deferral Contribution shall be effective shall be:

  

	 	1.	a date following the lapse of a reasonable period of time after the Committee, or its designee, has provided such individual with a notice described below and

  

	 	2.	the first day of each applicable Plan Year thereafter. 

 The Committee, or its designee, shall provide to newly eligible Participants at the time of hire or in advance of the effective date of the default Salary Deferral Contribution a notice explaining their
right not to make a Salary Deferral Contribution or to alter the amount of such contributions, an explanation of the procedure for exercising that right and the timing for implementation of any such election and the effect of not revoking the
default Salary Deferral Contribution. Thereafter, continuing Participants will be notified periodically of their Salary Deferral Contributions and an explanation of such Participant’s right to change the percentage of such Salary Deferral
Contributions, including the procedure for exercising that right and the timing for implementation of any such election. 
 The
provision of the notice shall be governed according to uniform and nondiscriminatory procedures established by the Committee. The content of the notice and procedures related to the Employer’s implementation of the QACA shall be consistent with
Treasury Regulations issued under Code Section 401(k) and other guidance issued by the IRS. 
 D. Supplemental
Participant Contributions. For any Plan Year, each Participant may elect to have allocated to his Account, on an after-tax basis, an amount equal to not less than one percent but not more than 50% of his Compensation for such Plan Year, less his
Salary Reduction Contributions, if any, for the Plan Year. Such amount shall be known as the Participant’s “Supplemental Participant Contribution.” Effective January 1, 2010, all such contributions shall be reflected in
whole percentages. In no event, however, shall a Participant be permitted to make, on a combined basis, Salary Deferral and Supplemental Participant Contributions in excess of 50% of his Compensation. 

Section 3.03 CHANGES AND SUSPENSIONS OF SALARY DEFERRAL, CATCH-UP AND SUPPLEMENTAL PARTICIPANT CONTRIBUTIONS. A Participant
may change the rate of Salary Deferral, Catch-Up and/or Supplemental Participant Contributions, if any, to his Account at any time during each Plan Year, effective for the first pay period which begins not later than 15 days after the election or
change is made, by communicating such rate change in accordance with uniform rules and procedures established by the Committee regarding the timing and manner of making such elections. In addition, a Participant may at any time elect to suspend all
contributions to his Account by giving advance notice in any manner specified by the Committee in accordance with its uniform rules and procedures. Such election shall become effective on the first pay period which begins not later than 15 days
after the election is made. An election to recommence contributions shall be effective for the first pay period which begins not later than 15 days after such election is made. All suspensions and recommencements of Salary Deferral, Catch-Up and/or
Supplemental Participant Contributions shall be made in the manner and at the times specified in uniform rules and procedures established by the Committee, which rules and procedures may be changed from time to time. Notwithstanding the foregoing
provisions of this Section 3.03, the number of changes in percentage which a Participant may make to his Salary Reduction, Catch-Up and/or Supplemental Participant Contributions in any given calendar year shall not exceed four; provided,
however, that effective July 1, 2004, there shall be no limit to the number of changes in percentage that a Participant may make. 
 Section 3.04 EMPLOYER CONTRIBUTIONS. 
 A. Regular Matching
Contributions. For each eligible Employee who authorizes Salary Reduction Contributions during the Plan Year prior to January 1, 2008, the Employer will pay to the Trustee a “Regular Matching Contribution” equal to:

  

	 	(i)	75% of the Participant’s Salary Reduction Contributions up to two percent of his Compensation, plus 

  
 19 

	 	(ii)	50% of the Participant’s Salary Reduction Contributions in excess of two percent but not in excess of six percent of his Compensation. 

Regular Matching Contributions shall be made to the Trustee as soon as practicable after the end of each pay period to which they relate.

 B. Safe Harbor Matching Contributions. 

 

	 	(i)	Amount. For Plan Years beginning on and after January 1, 2008, matching contributions sufficient to meet the “safe harbor” requirements of Code
Section 401(k)(12) shall be made to each eligible Participant’s Account and shall be referred to as “Safe Harbor Matching Contributions.” Specifically, for each eligible Employee who authorizes Salary Reduction
Contributions, or is deemed to have authorized Salary Reduction Contributions under Section 3.02.C. of the Plan, the Employer will pay to the Trustee a Safe Harbor Matching Contribution equal to: 

 

	 	1.	100% of the Participant’s Salary Reduction Contributions up to one percent of his Compensation, plus 

 

	 	2.	50% of the Participant’s Salary Reduction Contributions in excess of one percent but not in excess of six percent of his Compensation. 

Safe Harbor Matching Contributions shall be made to the Trustee as soon as practicable after the end of each pay period to which they
relate. 
  

	 	(ii)	Notice. Effective with respect to each Plan Year in which the provisions of this Section 3.04.B are applicable, the Committee, or its designee, shall
provide a safe harbor notice during the Safe Harbor Notice Period (as hereinafter defined) to each Employee who meets the applicable eligibility requirements under Section 2.01 of the Plan during such Plan Year. 

For purposes hereof, the “Safe Harbor Notice Period” shall mean a period beginning 90 days before the first day of the
applicable Plan Year and ending 30 days before the first day of the applicable Plan Year; provided, however, with respect to an Employee who becomes eligible to participate in the Plan during a given Plan Year in which the provisions of
Section 3.04.B of the Plan are applicable, the Safe Harbor Notice Period shall begin 90 days before the day such Employee may first make Salary Reduction Contributions under the Plan and shall end on the day such Employee may make Salary
Reduction Contributions under the Plan. 
  

	 	(iii)	Nondiscrimination Tests. For Plan Years beginning on and after January 1, 2008, the Employer elects to treat the Plan as automatically satisfying the
nondiscrimination in amount of employer contribution requirements of Code Section 401(a)(4) with respect to Salary Reduction Contributions. Notwithstanding any provision of this Section 3.04.B to the contrary, the Employer reserves the
right to suspend future Safe Harbor Matching Contributions at any time provided that the procedures for implementing such suspensions are consistent with Treasury Regulations. 

 

	 	(iv)	Safe Harbor Matching Contributions shall be made out of the Consolidated Net Accumulated or Current Earnings of the Company; provided, however, that the total of such
contributions for any Plan Year, together with other Employer contributions, shall not exceed the amount allowable as a deduction under Code Section 404. 

  
 20 

 C. Employer Nonelective Retirement Contributions. 

 

	 	(i)	Eligibility. For purposes of the Employer Nonelective Retirement Contribution, an eligible Participant is any Employee hired on or after January 1, 2010
(upon becoming a Plan Participant) and any Participant who irrevocably elects to freeze future accruals under the State Auto Insurance Companies Employee Retirement Plan (including any appendices thereto, and as may be amended from time to time)
effective June 30, 2010. 

  

	 	(ii)	Amount. Each eligible Participant shall receive an “Employer Nonelective Retirement Contribution” equal to a stated percent (e.g., five percent)
of the Participant’s Compensation. Such percentage shall be determined by the Compensation Committee of the Board, from time to time, in its sole discretion. For purposes of the Employer Nonelective Retirement Contribution, only Compensation
after an Employee becomes a Participant in the Plan shall be considered. 

 Such Employer Nonelective Retirement
Contributions will be calculated for each applicable pay period and will be made to the Trust Fund as soon as practicable after the end of each pay period to which they relate. 

Employer Nonelective Retirement Contributions shall be made out of the Consolidated Net Accumulated or Current Earnings of the Company;
provided, however, that the total of such contributions for any Plan Year; together with other Employer contributions, shall not exceed the amount allowable as a deduction under Code Section 404. 

For purposes of this Section 3.04, a Participant who dies or incurs a Total and Permanent Disability while performing Qualified
Military Service (within the meaning of Code Section 414(u)) shall be treated as if he died or incurred a Total and Permanent Disability while actively employed. 
 Section 3.05 TIME OF PAYMENT OF CONTRIBUTION. The Employer may pay its contribution for each Plan Year in one or more installments of cash without interest. The Employer must make its
contribution which Participants have elected to defer under Section 3.02 of the Plan as soon as such amounts may reasonably be segregated from the Employer’s general assets, but in no event later than 15 business days after the end of the
calendar month in which such amounts were withheld from the Participant’s Compensation, or such later time as may be permitted by regulations under ERISA and Code Section 401(k). The Employer must make the balance, if any, of its
contribution to the Trustee as otherwise provided in the Plan, or no later than the time prescribed (including extensions) for filing its tax return for the taxable year for which it claims a deduction for its contribution, in accordance with Code
Section 404(a)(6). Employer contributions made under the Plan (including, for purposes of this Section 3.05 of the Plan, Salary Reduction, Catch-Up and Supplemental Participant Contributions) shall be made out of the Consolidated Net
Accumulated or Current Earnings of the Company; provided, however, that the total of such contributions for any Plan Year shall not exceed the amount allowable as a deduction under Code Section 404, as amended from time to time. 

Section 3.06 ALLOCATION OF FORFEITURES. Subject to any restoration allocation required under Section 4.05 of the Plan,
the Committee shall allocate and use the amount of a Participant’s benefit forfeited under the Plan to pay Plan expenses and reduce its Employer contributions for the Plan Year in which the forfeiture occurs or any future Plan Year. The
Committee shall continue to hold the undistributed, nonvested portion of a terminated Participant’s benefit in his Account solely for his benefit until a forfeiture occurs at the time specified in Article IV of the Plan. 

  
 21 

 Section 3.07 ROLLOVER CONTRIBUTIONS. The Trustee is authorized to accept and
hold as part of the Trust Fund, a Rollover Contribution made on behalf of an Employee, provided that such contribution satisfies any procedures or other requirements established by the Committee. The Trustee shall also accept and hold as part of the
Trust Fund assets transferred in connection with a merger or consolidation of another plan with or into the Plan pursuant to Section 12.06 hereof and as may be approved by the Committee. All amounts so transferred to the Trust Fund shall be
held in segregated subaccounts and shall be referred to as “Transfer Contributions” or as Rollover Contributions, as applicable. 
 Rollover Contributions must conform to rules and procedures established by the Committee, including rules designed to assure the Committee that the funds so transferred qualify as a Rollover Contribution
under the Code. An Employee, prior to satisfying the Plan’s eligibility conditions, may make a Rollover Contribution to the Trust to the same extent and in the same manner as a Participant. If an Employee makes a Rollover Contribution to the
Trust prior to satisfying the Plan’s eligibility conditions, the Committee and Trustee must treat the Employee as a Participant for all purposes of the Plan, except that the Employee is not a Participant for purposes of making Salary Deferral
or Supplemental Participant Contributions or sharing in Employer contributions under the Plan until he actually becomes a Participant in the Plan. If the Employee has a Severance from Employment prior to becoming a Participant, the Trustee will
distribute his Rollover Contribution Account to him in accordance with Article V. 
 Section 3.08 RETURN OF
CONTRIBUTIONS. All contributions to the Plan are conditioned upon their deductibility under the Code. The Trustee, upon written request from the Employer, shall return to the Employer the amount of the Employer’s contribution made by the
Employer by mistake of fact or the amount of the Employer’s contribution disallowed as a deduction under Code Section 404. The Trustee shall not return any portion of the Employer’s contribution under this provision more than one year
after: 
 A. the Employer made the contribution by mistake of fact; or 

B. the disallowance of the contribution as a deduction, and then, only to the extent of the disallowance. 

The Trustee shall not increase the amount of the Employer contribution returnable under this Section 3.08 for any earnings
attributable to the contribution, but the Trustee shall decrease the Employer contribution returnable for any losses attributable to it. The Trustee may require the Employer to furnish it whatever evidence the Trustee deems necessary to enable the
Trustee to confirm the amount the Employer has requested be returned is properly returnable under ERISA. 
 Section 3.09
FURTHER REDUCTIONS OF CONTRIBUTIONS. In addition to the reductions and recharacterizations provided for under Schedule I of the Plan, in any Plan Year in which the Committee deems it necessary to do so to meet the requirements of the Code and
the Treasury Regulations thereunder, the Committee may further reduce the amount of Salary Reduction or Supplemental Participant Contributions that may be made to a Participant’s Account, or refund such amounts previously contributed.

 ARTICLE IV 
 TERMINATION OF SERVICE; PARTICIPANT VESTING 
 Section 4.01
VESTING. A Participant’s interest in his Salary Reduction, Catch-Up, Supplemental Participant, Rollover and Transfer Contribution Accounts, if any, shall at all times be fully Vested and Nonforfeitable. A Participant’s interest in
the following Accounts shall vest and become Nonforfeitable as follows: 
 A. Regular Matching Contribution Account.

  

	 	(i)	An Employee shall be 100% Vested in his Regular Matching Contribution Account on the first to occur of the following: 

 

	 	1.	his Normal Retirement Age; 

  
 22 

	 	2.	the date on which he shall be determined to have a Total and Permanent Disability; 

 

	 	3.	the date of his death; or 

  

	 	4.	completion of five years of Service. 

  

	 	(ii)	If an Employee terminates employment prior to the completion of five years of Service for any reason other than retirement, Total and Permanent Disability or death, he
shall be Vested in a portion of his Account balance attributable to his Regular Matching Contribution Account in accordance with the following: 

  

	 	1.	he shall be entitled to 33-1/3% of the contributions and earnings (or losses) attributable to these contributions, if any, allocated to his Regular Matching
Contribution Account for the Plan Year preceding the Plan Year in which his termination of employment occurs; plus 

  

	 	2.	66-2/3% of the contributions and earnings (or losses) attributable to these contributions, if any, allocated to his Regular Matching Contribution Account for the second
Plan Year preceding the Plan Year in which his termination of employment occurs; plus 

  

	 	3.	100% of the contributions and earnings (or losses) attributable to these contributions, if any, allocated to his Regular Matching Contribution Account for the third
Plan Year preceding the Plan Year in which his termination of employment occurs, and for all Plan Years prior to such Plan Year. 

  

	 	(iii)	An Employee who terminates employment prior to the completion of five years of Service for any reason other than retirement, Total and Permanent Disability or death
shall be entitled to receive the Vested portion of his Account balance attributable to his Regular Matching Contribution Account in accordance with item (ii) above, adjusted for any loans outstanding and for any withdrawals made subsequent to
the applicable Valuation Date but prior to the payment of benefits. 

 B. Safe Harbor Matching Contribution
Account. An Employee shall be 100% Vested in his Safe Harbor Matching Contribution Account on the first to occur of the following: 
  

	 	(i)	his Normal Retirement Age; 

  

	 	(ii)	the date on which he shall be determined to have a Total and Permanent Disability; 

 

	 	(iii)	the date of his death; and 

  

	 	(iv)	completion of two years of Service. 

 Before such earliest occurrence, an Employee shall be 0% Vested in his Safe Harbor Matching Contribution Account. 
 C. Employer Nonelective Retirement Contribution Account. An Employee shall be 100% Vested in his Employer Nonelective Retirement Contribution Account upon the completion of three years of Service.

  
 23 

 For purposes of this Section 4.01, a Participant who dies or incurs a Total and Permanent Disability on
or after January 1, 2007, while performing Qualified Military Service (within the meaning of Code Section 414(u)) shall be treated as if he died or incurred a Total and Permanent Disability while actively employed. 

Section 4.02 FORFEITURE OCCURS. The portion of an Employee’s Regular Matching, Safe Harbor Matching and/or Employer
Nonelective Contribution Accounts determined to be nonvested under Section 4.01 above, shall be declared a Forfeiture on the Valuation Date next following the date on which the Vested portion of the Employee’s Accounts is distributed;
provided, however, that in the event the Vested portion of the Employee’s Accounts is not distributed in connection with his termination of employment, the Forfeiture shall be declared as of the Valuation Date next following the earlier of:

 A. the later distribution of his Accounts; and 
 B. the date the Employee incurs five consecutive one year breaks in Service. 

Such Forfeitures shall first be applied, as specified in Section 4.05 of the Plan, to restore to an Employee’s Regular
Matching, Safe Harbor Matching and/or Employer Nonelective Contribution Accounts, as applicable, the amount forfeited pursuant to this Section 4.02; remaining Forfeitures, if any, shall be used to reduce future Employer contributions. A
Participant shall not forfeit any portion of his Regular Matching, Safe Harbor Matching and/or Employer Nonelective Contribution Account for any other reason or cause except as expressly provided by this Article IV. 

Section 4.03 CASH-OUT DISTRIBUTIONS TO PARTIALLY-VESTED PARTICIPANTS. If, pursuant to Article IV, a partially-vested
Participant receives a Cash-out Distribution before he incurs a forfeiture as defined in Section 4.02 above, the Cash-out Distribution will result in an immediate forfeiture of the nonvested portion of the Participant’s Account balance
derived from Employer contributions. A partially-vested Participant is a Participant whose Nonforfeitable percentage determined under Section 4.01 above is less than 100%. A “Cash-out Distribution” is a distribution of the
entire present value of the Participant’s Nonforfeitable Account balance. 
 A “deemed” Cash-out Distribution
rule applies to a zero percent Vested Participant. A zero percent Vested Participant is a Participant whose Account balance is entirely forfeitable at the time of his Severance from Employment. If the Participant’s Account is not entitled to an
allocation of Employer contributions for the Plan Year in which he has a Severance from Employment, the Committee will apply the deemed Cash-out Distribution rule as if the zero percent Vested Participant received a Cash-out Distribution on the date
of the Participant’s Severance from Employment. If the Participant’s Account is entitled to an allocation of Employer contributions for the Plan Year in which he has a Severance from Employment, the Committee will apply the deemed Cash-out
Distribution rule as if the zero percent Vested Participant received a Cash-out Distribution on the first day of the first Plan Year beginning after his Severance from Employment. For purposes of applying the restoration provisions of
Section 4.05 of the Plan, the Committee will treat the zero percent Vested Participant as repaying his Cash-out Distribution on the first date of his re-employment with the Employer. 

Section 4.04 EFFECT OF REEMPLOYMENT. 
 A. If a terminated Employee returns to the employ of the Employer or a Related Employer prior to incurring a period of severance of more than 60 months, he shall have the amount forfeited from his Regular
Matching, Safe Harbor Matching and/or Employer Nonelective Retirement Contribution Account restored to such Account, and he shall continue to vest in such Account. Such amount shall be credited with applicable earnings and/or losses from the date of
forfeiture to the date of restoration. To the extent the Forfeitures available are not sufficient to fully restore such forfeited amount, the Employer shall make additional contributions to such Employee’s Account(s), as applicable. 

B. If a terminated Employee returns to the employ of the Employer or a Related Employer after incurring a period of severance of more
than 60 months, the amount forfeited from his Regular Matching, Safe Harbor Matching and/or Employer Nonelective Retirement Contribution Account shall in no event be restored. However, such Employee’s prior Service shall be restored to him.

  
 24 

 C. As used in this Section 4.04, the term “period of severance” means
the period of time commencing with an Employee’s termination of Service and ending on the day he next performs an Hour of Service. 
 Section 4.05 RESTORATION OF FORFEITED PORTION OF ACCOUNT. A Participant who is re-employed after receiving a Cash-out Distribution (or deemed Cash-out Distribution) of the Nonforfeitable
percentage of his Account shall have the right to repay the Trustee in cash the entire amount of the Cash-out Distribution he received, if the Committee must restore his Account under the requirements of this Section 4.05. 

A. Restoration and Conditions upon Restoration. Subject to the conditions of this subsection, if the Participant makes the
Cash-out Distribution repayment, the Committee shall restore his Account attributable to Employer contributions to the same dollar amount as the dollar amount of such portion of his Account on the Valuation Date immediately preceding the date of the
Cash-out Distribution (or deemed Cash-out Distribution), unadjusted for any gains or losses occurring subsequent to that Valuation Date. Notwithstanding such repayment, the Committee shall not restore a re-employed Participant’s Account under
the immediately preceding sentence if: 
  

	 	(i)	the Participant’s Account was 100% Nonforfeitable at the time of the Cash-out Distribution; or 

 

	 	(ii)	the Participant incurred a Forfeiture break in service. This condition shall apply only if repayment is not made before the earlier of five years after the first date
on which the Participant is re-employed by the Employer, or the close of the first period of five consecutive breaks in service commencing after the Cash-out Distribution. 

B. Time and Method of Restoration. If neither of the two conditions preventing restoration of the Participant’s Account
applies, the Committee shall restore the Participant’s Account as of the Plan Year Valuation Date coincident with or immediately following the repayment. To restore the Participant’s Account, the Committee, to the extent necessary, shall
allocate to the Participant’s Account: 
  

	 	(i)	first, the amount, if any, of Participant Forfeitures the Committee would otherwise allocate; and 

 

	 	(ii)	second, the Employer contribution, if any, for the Plan Year to the extent made under a discretionary formula, if the Participant is otherwise eligible for such
allocation. 

 To the extent the amount(s) available for restoration for a particular Plan Year are insufficient
to enable the Committee to make the required restoration, the Employer shall contribute, without regard to any requirement or condition, such additional amount as is necessary to enable the Committee to make the required restoration. If, for a
particular Plan Year, the Committee must restore the Account of more than one re-employed Participant, then the Committee shall make the restoration allocation(s) to each such Participant’s Account in the same proportion that a
Participant’s restored amount for the Plan Year bears to the restored amount for the Plan Year of all re-employed Participants. The Committee shall not take into account the allocation(s) under this Section 4.05 in applying the limitation
on allocations described in Schedule I. 
 C. Segregated Account for Repaid Amount. Until the Committee restores the
Participant’s Account, the Trustee shall, at the direction of the Employer or the Committee, invest the amount the Participant has repaid in a segregated Account maintained solely for that Participant. The Trustee shall invest the amount in the
Participant’s segregated Account in federally insured interest-bearing savings account(s), time deposit(s) or similar investments, including a money market or similar fund currently offered as an investment option under the Trust. Until
commingled with the balance of the Trust Fund on the date the Committee restores the Participant’s Account, the Participant’s segregated Account shall remain a part of the Trust, but it alone shall share in any income it earns and it alone
shall bear any expense or loss it incurs. The Employer or the Committee shall direct the Trustee to repay to the Participant, as soon as is administratively practicable, the full amount of the Participant’s segregated Account, if the Committee
determines that one or more of the conditions of subsection A of this Section 4.05 prevents restoration as of the applicable Valuation Date, notwithstanding the Participant’s repayment. 

  
 25 

 ARTICLE V 
 TIME AND METHOD OF PAYMENT OF BENEFITS 
 Section 5.01
RETIREMENT. Upon termination of a Participant’s employment from all Employers for any reason after attaining Normal Retirement Age, the Committee shall direct the Trustee to commence payment of the Participant’s Account to him (or
to his Beneficiary if the Participant is deceased), in accordance with the provisions of this Article V, as soon as administratively practicable but not later than 60 days after the close of the Plan Year in which the Participant’s employment
terminates or the date the Participant files an application for distribution, whichever is later. The time and form of payment shall be the same as for other Severance from Employment distributions, as set forth in Sections 5.02 and 5.04 of the
Plan, as applicable. A Participant who remains in the employ of the Employer after attaining Normal Retirement Age shall continue to participate in Employer contributions. 
 Section 5.02 DISTRIBUTION UPON SEVERANCE FROM EMPLOYMENT PRIOR TO NORMAL RETIREMENT AGE. Upon a Participant’s Severance from Employment from all Employers prior to attaining Normal
Retirement Age (for any reason other than death), the Committee, subject to the consent requirements of this Section 5.02, shall direct the Trustee to commence payment to the Participant of the value of his Nonforfeitable Account balance as
provided in this Section 5.02. The following rules and definitions shall apply to any such distribution: 
 A.
Consent. The Participant must consent in writing to the Committee’s direction to the Trustee to make a distribution to the Participant and to the form of the distribution if: (i) the Participant’s Nonforfeitable Account balance
on the date the distribution commences exceeds $5,000 and (ii) the Committee directs the Trustee to make a distribution to the Participant prior to his attaining the later of Normal Retirement Age or age 62. Furthermore, the Participant’s
Spouse must consent in writing to the distribution if the Committee must obtain the Participant’s consent. 
 The consent
of the Participant, and the Participant’s Spouse, if applicable, shall be obtained in writing within the 180-day period (90 days prior to January 1, 2007) ending on the Annuity Starting Date. The “Annuity Starting Date” is
the first day of the first period for which an amount is paid as an annuity or in any other form. The Committee, or its designee, shall notify the Participant and the Participant’s Spouse of the right to defer any distribution until the
Participant’s Nonforfeitable Account balance is no longer immediately distributable. Such notification shall include a general description of the material features, and an explanation of the relative values of, the optional forms of benefit
available under the Plan in a manner that would satisfy the notice requirements of Code Section 417(a)(3), and shall be provided no less than 30 days and no more than 180 days (90 days prior to January 1, 2007) prior to the Annuity
Starting Date. However, if the Participant, after having received this notice, affirmatively elects a distribution, such distribution may commence less than 30 days after the notice was provided. Notwithstanding the foregoing, neither the consent of
the Participant nor the Participant’s Spouse shall be required to the extent that a distribution is required to satisfy Code Sections 401(a)(9) or 415. 
 B. Time of Distribution of Account Balance. Upon Severance from Employment from all Employers before Normal Retirement Age, other than for death, the Trustee shall, subject to the foregoing consent
requirements, distribute the Participant’s Account balance as follows: 
  

	 	(i)	If the Participant’s Nonforfeitable Account balance on the date the distribution commences is $1,000 or less ($5,000 or less prior to March 28, 2005), the
Committee shall direct the Trustee to pay such Nonforfeitable Account balance to the Participant in the form of a single, lump sum Cash-out Distribution as soon as administratively practicable after the Participant’s Severance from Employment.

  

	 	(ii)	 If the Participant’s Nonforfeitable Account balance on the date the distribution commences is greater than $1,000 and less than or equal to
$5,000, and the Participant does not elect to receive the distribution in the form of a single, lump-sum Cash-out Distribution or Direct Rollover to an Eligible Retirement Plan, effective March 28, 2005,

  
 26 

	 	 
the Committee shall direct the Trustee to pay such Nonforfeitable Account balance to an individual retirement account in the Participant’s name, designated by the Committee in a manner
consistent with the rules established under Code Section 401(a)(31)(B). 

  

	 	(iii)	If the Participant’s Nonforfeitable Account balance on the date the distribution commences is greater than $5,000, the Committee shall direct the Trustee to pay
such Nonforfeitable Account balance in the form of a single, lump sum Cash-out Distribution as soon as administratively practicable after the Participant’s Severance from Employment unless the Participant (and his Spouse, if applicable) does
not consent to such immediate distribution. 

 C. Deferral of Distribution of Account Balance until Normal
Retirement Age. If the Participant does not file his written consent (if required) with the Trustee within the reasonable period of time stated in the consent form, the Trustee shall continue to hold the Participant’s Account in trust until
the close of the Plan Year in which the Participant attains Normal Retirement Age. At that time, the Trustee shall commence payment of the Participant’s Nonforfeitable value of his Account in accordance with the provisions of this Article V;
provided, however, if the Participant dies after terminating employment but prior to attaining Normal Retirement Age, the Committee, upon notice of the death, shall direct the Trustee to commence payment of the Participant’s Nonforfeitable
value of his Account to his Beneficiary in accordance with the provisions of Section 5.07 of the Plan. 
 A Participant who
elects to delay receiving a distribution of his Account may elect to receive a distribution of his Nonforfeitable Account balance as soon as administratively practicable by properly completing the appropriate distribution election forms or
procedures. If no such election is made, the Participant’s Nonforfeitable Account balance shall be paid as provided above. Notwithstanding anything herein to the contrary, a Participant who incurs a Severance from Employment prior to Normal
Retirement Age shall receive a distribution of his Accounts from the Plan no later than the month following the month in which the Participant attains Normal Retirement Age. A Participant who retires from the Employer must receive payment of his
Accounts from the Plan no later than the applicable date specified in Section 5.03 below. 
 Section 5.03 OTHER
RULES GOVERNING THE TIME OF PAYMENT OF BENEFITS. 
 A. Minimum Legal Distribution Requirements. Unless the
Participant elects otherwise in writing, the Committee shall direct the Trustee to commence distribution of a Participant’s Nonforfeitable Account balance not later than 60 days after the close of the Plan Year in which the later of the
following events occurs: 
  

	 	(i)	the date the Participant attains Normal Retirement Age; or 

  

	 	(ii)	the date the Participant dies, becomes disabled, or otherwise terminates Service (employment) with the Employer. 

In no event shall the Committee direct the Trustee to commence distribution, nor shall the Participant elect to have distribution
commence, later than the Required Beginning Date, as defined below. Furthermore, once distributions have begun to a Five-percent Owner under this Section, they must continue to be distributed, even if the Participant ceases to be a Five-percent
Owner in a subsequent year. 
 B. Required Beginning Date. For purposes of this Article V, for any
Participant who is not a Five-percent Owner (as defined in Code Section 416(i)), the “Required Beginning Date” is the April 1 of the calendar year following the later of the calendar year in which the Participant attains
age 70 1/2 or the calendar year in which the
Participant retires. For any Participant who is at least a Five-percent Owner, the Required Beginning Date is the April 1 immediately following the calendar year in which the Participant attains age 70 1/2, regardless of whether the Participant has retired.

  
 27 

 C. In no event shall the Committee direct the Trustee to commence payment later than the
time prescribed by this Article V or in a form not permitted hereunder. The Committee shall make its determinations under this Article V in a nondiscriminatory, consistent and uniform manner. If the Committee directs the Trustee to commence payment
to the Participant under this Article V, it shall provide the Participant (and, if applicable, the Participant’s Spouse) with the appropriate form to consent to the distribution direction, if required. 

Section 5.04 FORM OF BENEFIT PAYMENTS. Subject to Schedule II, if applicable, a Participant shall receive payment of his
Nonforfeitable Account balance in a single lump sum in cash (and, where applicable, in Shares) based upon the value of the Account on the Valuation Date coinciding with or immediately preceding the date the distribution is requested. If elected by
the Participant (or Beneficiary), amounts to be paid in Shares shall not exceed either: (A) the whole number of Shares represented by the proportion of the units of the Company Stock Fund credited to the Participant’s Account to the total
number of units of the Company Stock Fund then outstanding or, if applicable, (B) the number of full Shares credited under the Company Stock Fund to the Participant’s Account. 

Section 5.05 MINIMUM DISTRIBUTION REQUIREMENTS. This Section applies prior to January 1, 2003. The Participant’s
Nonforfeitable Account balance shall be distributed, as of the Required Beginning Date, in accordance with the minimum distribution requirements established by Code Section 401(a)(9) and the applicable Treasury Regulations thereunder.

 A. If a Participant’s benefit is to be distributed over (i) a period not extending beyond the life expectancy of
the Participant or the joint life and last survivor expectancy of the Participant and the Participant’s Beneficiary, or (ii) a period not extending beyond the life expectancy of the Beneficiary, the amount required to be distributed for
each calendar year, beginning with distributions for the first distribution calendar year, must at least equal the quotient obtained by dividing the Participant’s Account balance as of the last Valuation Date preceding the distribution calendar
year by the applicable life expectancy. 
 B. The amount to be distributed each year, beginning with distributions for the first
distribution calendar year, shall not be less than the quotient obtained by dividing the Participant’s Nonforfeitable Account balance as of the last Valuation Date preceding the distribution calendar year by the lesser of (i) the
applicable life expectancy, or (ii) if the Participant’s Spouse is not the Beneficiary, the applicable divisor determined from the table set forth in Q&A-4 of Section 1.401(a)(9)-2 of proposed Treasury Regulations. Distributions
after the death of the Participant shall be distributed using the applicable life expectancy in subsection A. above as the relevant divisor without regard to Proposed Regulations Section 1.401(a)(9)-2. 

C. The minimum distribution required for the Participant’s first distribution calendar year must be made on or before the
Participant’s Required Beginning Date. The minimum distribution for other calendar years, including the minimum distribution for the distribution calendar year in which the Participant’s Required Beginning Date occurs, must be made on or
before December 31 of that distribution calendar year. 
 D. The Committee may compute the minimum distribution for a
calendar year subsequent to the first calendar year for which the Plan requires a minimum distribution by redetermining the applicable life expectancy. However, the Committee may not redetermine the joint life and last survivor expectancy of the
Participant and a non-Spouse Beneficiary in a manner that takes into account any adjustment to a life expectancy other than the Participant’s life expectancy. The Committee shall use the life expectancy multiples under Treasury Regulations
Section 1.72-9 for purposes of applying this Section. 
 Section 5.06 DISTRIBUTIONS UPON DEATH. This Section
applies prior to January 1, 2003. Upon the death of the Participant, the Participant’s Nonforfeitable Account balance shall be paid in accordance with Code Section 401(a)(9) and this Section 5.06. 

A. Distribution Beginning before Death. If the Participant’s death occurs after the Trustee has commenced payment of the
Participant’s Nonforfeitable Account balance, the Committee shall direct the Trustee to complete payment over a period that does not exceed the payment period that had commenced. 

  
 28 

 B. Distribution Beginning after Death. If the Participant’s death occurs prior
to his Annuity Starting Date, the distribution of the Participant’s entire Nonforfeitable Account balance shall be made to the Participant’s Beneficiary in a single lump sum payment. 

C. The Participant’s Nonforfeitable Account balance shall be distributed to the Participant’s Beneficiary as soon as
practicable after notification of the Participant’s death. However, if the Participant’s Nonforfeitable Account balance at the time of distribution exceeds $5,000, the Account shall not be distributed to the Participant’s Beneficiary
prior to the date the Participant would have attained the later of Normal Retirement Age or age 62, without the written consent of the Beneficiary if the Beneficiary is the Participant’s surviving Spouse. If the Beneficiary is not the
Participant’s surviving Spouse, the Beneficiary must elect to have distribution of the entire amount payable completed on or before the last day of the calendar year that contains the fifth anniversary of the date of the Participant’s
death. 
 Section 5.07 REVISED REQUIRED MINIMUM DISTRIBUTIONS. 

A. Effective Dates. The provisions of this Section 5.07 will apply for purposes of determining the required minimum
distributions for calendar years beginning on or after January 1, 2003. 
 B. Definitions. For purposes of this
Section 5.07, the following definitions shall apply: 
  

	 	(i)	“Designated Beneficiary” is the individual who is designated as the Beneficiary under Plan Section 1.03 and is the Designated Beneficiary under
Code Section 401(a)(9) and Section 1.401(a)(9)-1, Q&A-4 of the Treasury Regulations. 

  

	 	(ii)	“Distribution Calendar Year” is a calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s
death, the first Distribution Calendar Year is the calendar year immediately preceding the calendar year which contains the participant’s Required Beginning Date. For distributions beginning after the Participant’s death, the first
Distribution Calendar Year is the calendar year in which the distributions are required to begin. The required minimum distribution for the Participant’s first Distribution Calendar Year will be made on or before the Participant’s Required
Beginning Date. The required minimum distribution for other Distribution Calendar Years, including the required minimum distribution for the Distribution Calendar Year in which the Participant’s Required Beginning Date occurs, will be made on
or before December 31 of that Distribution Calendar Year. 

  

	 	(iii)	“Life Expectancy” is a beneficiary’s life expectancy as computed by use of the Single Life Table in Section 1.401(a)(9)-9 of the Treasury
Regulations. 

  

	 	(iv)	“RMD Account Balance” is the Account balance as of the last Valuation Date in the calendar year immediately preceding the Distribution Calendar Year
(the “Valuation Calendar Year”) increased by the amount of any contributions made and allocated to the Account balance as of dates in the Valuation Calendar Year after the Valuation Date and decreased by distributions made in the
Valuation Calendar Year after the Valuation Date. The Account balance for the Valuation Calendar Year includes any amounts rolled over or transferred to the Plan either in the Valuation Calendar Year or in the Distribution Calendar Year if
distributed or transferred in the Valuation Calendar Year. 

 C. Time and Manner of Distribution.

  

	 	(i)	Required Beginning Date. The Participant’s entire interest will be distributed, or begin to be distributed, to the Participant no later than the
Participant’s Required Beginning Date. 

  
 29 

	 	(ii)	Death of Participant before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire interest will be distributed,
or begin to be distributed, no later than as follows: 

  

	 	1.	 If the Participant’s surviving Spouse is the Participant’s sole Designated Beneficiary, then, except as provided herein, distributions to the
surviving Spouse will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age
70 1/2, if later.

  

	 	2.	If the Participant’s surviving Spouse is not the Participant’s sole Designated Beneficiary, then, except as provided herein, distributions to the Designated
Beneficiary will begin by December 31 of the calendar year immediately following the calendar year in which the Participant died. 

  

	 	3.	If there is no Designated Beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest
will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	4.	If the Participant’s surviving Spouse is the Participant’s sole Designated Beneficiary and the surviving Spouse dies after the Participant but before
distributions to the surviving Spouse begin, this subsection (ii), other than subsection 1., will apply as if the surviving Spouse were the Participant. 

 For purposes of this Section 5.07.C. and Sections 5.07.G. and H., unless subsection 4. above applies, distributions are considered to begin on the Participant’s Required Beginning Date. If
subsection 4. applies, distributions are considered to begin on the date distributions are required to begin to the surviving Spouse under subsection 1. If distributions under an annuity purchased from an insurance company irrevocably commence to
the Participant before the Participant’s Required Beginning Date (or to the Participant’s surviving Spouse before the date distributions are required to begin to the surviving Spouse under subsection 1.), the date distributions are
considered to begin is the date distributions actually commence. 
 D. Forms of Distribution. Unless the
Participant’s interest is distributed in the form of an annuity purchased from an insurance company or in a single sum on or before the Required Beginning Date, as of the first Distribution Calendar Year distributions will be made in accordance
with Sections 5.07.E., 5.07.F., 5.07.G. and 5.07.H of the Plan. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with Code
Section 401(a)(9) and the Treasury Regulations. 
 E. Amount of Required Minimum Distributions for Each Distribution
Calendar Year. During the Participant’s lifetime, the minimum amount that will be distributed for each Distribution Calendar Year is the lesser of: 
  

	 	(i)	the quotient obtained by dividing the RMD Account Balance by the distribution period in the Uniform Lifetime Table set forth in Treasury Regulations
Section 1.401(a)(9)-9, using the Participant’s age as of the Participant’s birthday in the Distribution Calendar Year; or 

  

	 	(ii)	if the Participant’s sole Designated Beneficiary for the Distribution Calendar Year is the Participant’s Spouse, the quotient obtained by dividing the RMD
Account Balance by the number in the Joint and Last Survivor Table set forth in Treasury Regulations Section 1.401(a)(9)-9, using the Participant’s and the Spouse’s attained ages as of the Participant’s and Spouse’s
birthdays in the Distribution Calendar Year. 

  
 30 

 F. Lifetime Required Minimum Distributions Continue through Year of Participant’s
Death. Required minimum distributions will be determined under this subsection F. beginning with the first Distribution Calendar Year and up to and including the Distribution Calendar Year that includes the Participant’s date of death.

 G. Death on or after Date Distributions Begin. 

 

	 	(i)	Participant Survived by Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is a Designated Beneficiary, the
minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the RMD Account Balance by the longer of the remaining Life Expectancy of the Participant
or the remaining Life Expectancy of the Participant’s Designated Beneficiary, determined as follows: 

  

	 	1.	The Participant’s remaining Life Expectancy is calculated using the age of the Participant in the year of death, reduced by one for each subsequent year.

  

	 	2.	If the Participant’s surviving Spouse is the Participant’s sole Designated Beneficiary, the remaining Life Expectancy of the surviving Spouse is calculated
for each Distribution Calendar Year after the year of the Participant’s death using the surviving Spouse’s age as of the Spouse’s birthday in that year. For Distribution Calendar Years after the year of the surviving Spouse’s
death, the remaining Life Expectancy of the surviving Spouse is calculated using the age of the surviving Spouse as of the Spouse’s birthday in the calendar year of the Spouse’s death, reduced by one for each subsequent calendar year.

  

	 	3.	If the Participant’s surviving Spouse is not the Participant’s sole Designated Beneficiary, the Designated Beneficiary’s remaining Life Expectancy is
calculated using the age of the Beneficiary in the year following the year of the Participant’s death, reduced by one for each subsequent year. 

  

	 	(ii)	No Designated Beneficiary. If the Participant dies on or after the date distributions begin and there is no Designated Beneficiary as of September 30 of the
year after the year of the Participant’s death, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the RMD Account Balance by the
Participant’s remaining Life Expectancy calculated using the age of the Participant in the year of death, reduced by one for each subsequent year. 

 H. Death before Date Distributions Begin. 
  

	 	(i)	Participant Survived by Designated Beneficiary. Except as provided herein, if the Participant dies before the date distributions begin and there is a Designated
Beneficiary, the minimum amount that will be distributed for each Distribution Calendar Year after the year of the Participant’s death is the quotient obtained by dividing the Participant’s RMD Account Balance by the remaining Life
Expectancy of the Participant’s Designated Beneficiary, determined as provided in subsection G. above. 

  

	 	(ii)	No Designated Beneficiary. If the Participant dies before the date distributions begin and there is no Designated Beneficiary as of September 30 of the year
following the year of the Participant’s death, distribution of the Participant’s entire interest will be completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death.

  
 31 

	 	(iii)	Death of Surviving Spouse Before Distributions to Surviving Spouse are Required to Begin. If the Participant dies before the date distributions begin, the
Participant’s surviving Spouse is the Participant’s sole Designated Beneficiary, and the surviving Spouse dies before distributions are required to begin to the surviving Spouse under Section 5.07.C.(ii)(1) above, this Section will
apply as if the surviving Spouse were the Participant. 

 I. General Rules. 

 

	 	(i)	Precedence. The requirements of this Section 5.07 will supersede any contrary provisions of the Plan. 

 

	 	(ii)	Requirements of Treasury Regulations Incorporated. All distributions required under this Section 5.07 will be determined and made in accordance with the
Treasury Regulations under Code Section 401(a)(9). 

  

	 	(iii)	TEFRA Section 242(b)(2) Elections. Notwithstanding the other provisions of this Section 5.07, distributions may be made under a designation made before
January 1, 1984, in accordance with section 242(b)(2) of the Tax Equity and Fiscal Responsibility Act (“TEFRA”) and the provisions of the Plan that relate to TEFRA Section 242(b)(2). 

 

	 	(iv)	2009 Distributions. Notwithstanding anything in this Section 5.07 to the contrary, a Participant or Beneficiary who would have been required to receive
required minimum distributions for 2009 but for the enactment of Code Section 401(a)(9)H) (“2009 RMDs”), and who would have satisfied that requirement by receiving distributions that are (1) equal to the 2009 RMDs or
(2) one or more payments in a series of substantially equal distributions (that include the 2009 RMDs) made at least annually and expected to last for the life (or life expectancy) of the Participant, the joint lives (or joint life expectancy)
of the Participant and the Participant’s Designated Beneficiary, or for a period of at least 10 years (“Extended 2009 RMDs”), will not receive those distributions for 2009 unless the Participant or Beneficiary chooses to
receive such distributions. Participants and Beneficiaries described in the preceding sentence will be given the opportunity to elect to receive the distributions described in the preceding sentence. 

Section 5.08 DESIGNATION OF BENEFICIARY. A Participant may, from time to time, designate, in writing, a Beneficiary or
Beneficiaries, contingently or successively, to whom the Trustee shall pay his Nonforfeitable Account in the event of his death. A Participant’s Beneficiary designation shall not be valid unless the Participant’s Spouse consents (in
accordance with the requirements of Code Section 417) to the Beneficiary designation. A Participant’s Beneficiary designation does not require Spousal Consent if the Participant’s Spouse is the Participant’s designated
Beneficiary. The Committee shall prescribe the form for the written designation of Beneficiary and, upon the Participant’s filing the form with the Committee, the Participant shall effectively revoke all designations filed prior to that date by
the same Participant. Effective January 1, 2009, the termination of a Participant’s marriage shall not automatically result in a revocation or change of the Participant’s Beneficiary designation. Further, no provision in any court
order, judgment, decree or similar document shall be effective to revoke or change a Participant’s Beneficiary designation, except to the extent that such order, judgment or decree is determined to be a qualified domestic relations order that
must be honored by the Plan. A Participant’s Beneficiary designation may be changed only by the Participant making a new Beneficiary designation in writing on the form required by the Committee and filing the form with the Committee. Any new
Beneficiary designation, change or revocation by a Participant shall be effective only if it is received by the Committee before the Participant’s death. 
 Section 5.09 FAILURE OF BENEFICIARY DESIGNATION. If a Participant fails to name a Beneficiary in accordance with Section 5.08 above, or if the Beneficiary named by a Participant
predeceases him, then the Trustee shall pay the Participant’s Account in a single lump sum to: (A) the Participant’s surviving Spouse, if any, who was married to the Participant at the time of the Participant’s death; (B) if
there is no surviving Spouse, 

  
 32 

 
to the Participant’s descendants (including legally adopted children and their descendants) per stirpes; or (C) if there is neither a surviving Spouse nor surviving descendants, to the
executor or other personal representative of the Participant to be distributed in accordance with the Participant’s will or applicable law. 
 If the Beneficiary survives the Participant but dies before complete distribution of the Participant’s Account, the remaining portion of the Participant’s Account shall be paid in a lump sum to
any contingent Beneficiaries named by the Participant or, if there are none, to the legal representative of the estate of such deceased Beneficiary. The Committee shall direct the Trustee as to the method and to whom the Trustee shall make payment
under this Section. 
 Section 5.10 DISTRIBUTIONS UNDER DOMESTIC RELATIONS ORDERS. Nothing contained in this Plan
shall prevent the Trustee, in accordance with the direction of the Committee, from complying with the provisions of a qualified domestic relations order (as defined in Code Section 414(p)). This Plan specifically permits distribution to an
alternate payee under a qualified domestic relations order at any time, irrespective of whether the Participant has attained his earliest retirement age (as defined under Code Section 414(p)) under the Plan. A distribution to an alternate payee
prior to the Participant’s attainment of the earliest retirement age is available only if the order specifies distribution at that time or permits an agreement between the Plan and the alternate payee to authorize such an earlier distribution.
In addition, if the present value of the alternate payee’s benefits under the Plan exceeds $5,000, the alternate payee must consent to any distribution occurring prior to the Participant’s attainment of the earliest retirement age. Nothing
in this Section gives a Participant the right to receive a distribution at a time not permitted under the Plan, nor does this Section 5.10 give the alternate payee the right to receive a form of payment not permitted under the Plan. 

The Committee shall establish reasonable procedures to determine the qualified status of a domestic relations order. Upon receiving a
domestic relations order, the Committee, or its designee, shall promptly notify the Participant and any alternate payee named in the order, in writing, of the receipt of the order and the Plan’s procedures for determining the qualified status
of the order. Within a reasonable period of time after receiving the domestic relations order, the Committee, or its designee, shall determine the qualified status of the order and shall notify the Participant and each alternate payee, in writing,
of its determination. The Committee, or its designee, shall provide notice under this paragraph by mailing to the individual’s address specified in the domestic relations order, or in a manner consistent with Labor Regulations. 

If any portion of the Participant’s Nonforfeitable Account balance is payable during the period the Committee, or its designee, is
making its determination of the qualified status of the domestic relations order, the Committee shall direct the Trustee to segregate the amounts payable in a separate account and invest the segregated account solely in fixed income investments or
to maintain a separate bookkeeping account of said amounts. If the Committee, or its designee, determines the order is a qualified domestic relations order within 18 months of the first date on which payments were due under the terms of the order,
the Committee shall direct the Trustee to distribute the separate account in accordance with the order. If the Committee, or its designee, does not make its determination of the qualified status of the order within the above-described 18-month
period, the Committee shall direct the Trustee to distribute the segregated account in the manner the Plan would distribute it if the order did not exist, and shall apply the order prospectively if the Committee, or its designee, later determines
the order is a qualified domestic relations order. 
 To the extent it is not inconsistent with the provisions of the qualified
domestic relations order, the Committee may direct the Trustee to invest any partitioned amount in a segregated subaccount or separate account and to invest the account in a money market investment option or in other fixed income investments. A
segregated subaccount shall remain a part of the Trust, but it alone shall share in any income it earns, and it alone shall bear any expense or loss it incurs. The Trustee shall make any payment or distributions required under this Section by
separate benefit checks or other separate distribution to the alternate payee(s). 
 The Committee may, in its discretion,
direct the Trustee to charge the account of the Participant and any alternate payee named in a domestic relations order presented to the Plan, reasonable fees for the administration of the order, including determining the order’s qualified
status. The Committee shall establish nondiscriminatory policies and procedures to accomplish the same. 

  
 33 

 Section 5.11 FACILITY OF PAYMENT. If the Committee deems any person entitled
to receive any amount under the provisions of this Plan to be incapable of receiving or disbursing the same by reason of minority, illness or infirmity, mental incompetency or incapacity of any kind, the Committee may, in its discretion, direct the
Trustee to take any one or more of the following actions: 
 A. to apply such amount directly for the comfort, support and
maintenance of such person; 
 B. to reimburse any person for any such support theretofore supplied to the person entitled to
receive any such payment; or 
 C. to pay such amount to any person selected by the Committee to disburse it for such comfort,
support and maintenance, including without limitation, any relative who has undertaken, wholly or partially, the expense of such person’s comfort, care and maintenance, or any institution in whose care or custody the person entitled to the
amount may be. 
 The Committee may, in its discretion, deposit any amount due to a minor to his credit in any savings or
commercial bank of the Committee’s choice. Receipt by any above-described individual or institution shall be a valid and complete discharge for the payment of such benefit. Deposit to the credit of a Participant, Spouse or other Beneficiary
(including a minor) in any bank or trust company shall be deemed payment into such person’s hands. 
 Section 5.12
NO DISTRIBUTION PRIOR TO SEVERANCE FROM EMPLOYMENT, DEATH OR DISABILITY. Except as provided below, Salary Deferral, Catch-Up, Supplemental Participant and Safe Harbor Matching Contributions and income allocable to each, are not distributable
to a Participant or his Beneficiary, in accordance with such Participant’s or Beneficiary’s election, earlier than upon Severance from Employment, death or Total and Permanent Disability. 

Such amounts may also be distributed upon: 
 A. termination of the Plan without the establishment of another defined contribution plan, as defined in the Code and applicable Treasury Regulations; 

B. the hardship of the Participant, as described in Section 6.01 herein; 

C. the attainment by the Participant of age 59 1/2, as described in Section 6.03 herein; or 

D. a Participant’s Severance from Employment. 
 All distributions that may be made pursuant to one or more of the foregoing distributable events are subject to the spousal and Participant consent requirements (if applicable) contained in Code Sections
401(a)(11) and 417. 
 Section 5.13 MILITARY DEATH BENEFITS. In addition to the foregoing, in the case of a
Participant who dies on or after January 1, 2007, while performing Qualified Military Service (as defined in Code Section 414(u)), the survivors of the Participant are entitled to any additional benefits that are provided under the Plan
assuming the Participant resumed and then terminated employment on account of death. 
 Section 5.14 WRITTEN
INSTRUCTION NOT REQUIRED. Any elections made or distributions processed under this Article V may be accomplished through telephonic, electronic or similar instructions in accordance with the rules and procedures established by the Committee, to
the extent they are consistent with the requirements of the Code and ERISA. Notwithstanding the foregoing, however, Spousal Consents and waivers, to the extent required, may only be granted in writing. 

  
 34 

 ARTICLE VI 
 WITHDRAWALS, DIRECT ROLLOVERS AND WITHHOLDING, LOANS 
 Section 6.01
HARDSHIP WITHDRAWALS. Subject to the restrictions otherwise set forth in the Plan, upon the application of any Participant, the Committee, in accordance with a uniform, nondiscriminatory policy, may permit such Participant to withdraw all or
a portion of the Vested amounts credited to his Account as of December 31, 1988 plus any Salary Reduction Contributions made to his Account on or after January 1, 1989 (minus any investment earnings after 1988 and any loans outstanding),
if the withdrawal is necessary due to the immediate and heavy financial need of the Participant. 
 A. Only distributions made
pursuant to conditions arising under the following circumstances shall be conclusively considered to be made on account of immediate and heavy financial need: 
  

	 	(i)	alleviating extraordinary financial hardship arising from deductible medical expenses (within the meaning of Code Section 213(d)), determined without regard to
whether the expenses exceed 7.5% of adjusted gross income) previously incurred by the Participant or his Spouse, children or other dependents (as defined in Code Section 152, and for taxable years beginning on or after January 1, 2005,
without regard to Code Sections 152(b)(1), (b)(2) and (d)(1)(B)) or necessary for those persons to obtain medical care described in Code Section 213(d) and not reimbursed or reimbursable by insurance; 

 

	 	(ii)	purchasing real property (excluding mortgage payments) that is to serve as the principal residence of the Participant; 

 

	 	(iii)	expenditures necessary to prevent eviction from the Participant’s principal residence or foreclosure of a mortgage on the same; 

 

	 	(iv)	financing the tuition and related educational fees for up to the next 12 months of post-secondary education for the Participant, his Spouse, his children or other
dependents (as defined in Code Section 152, and for taxable years beginning on or after January 1, 2005, without regard to Code Sections 152(b)(1), (b)(2) and (d)(1)(B)); 

 

	 	(v)	for Plan Years beginning on and after January 1, 2006, paying funeral or burial expenses incurred due to the death of the Participant’s parent, Spouse, child
or dependents (as defined in Code Section 152, and for taxable years beginning on or after January 1, 2005, without regard to Code Section 152(d)(1)(B)); or 

 

	 	(vi)	for Plan Years beginning on and after January 1, 2006, repairing the damage to a Participant’s principal residence where such expenses would qualify for the
casualty deduction under Code Section 165 (without regard to the 10% adjusted gross income limitation). 

 B.
A distribution will be considered to be necessary to satisfy an immediate and heavy financial need of the Participant only if: 
  

	 	(i)	the Participant has obtained all distributions other than hardship distributions, and all nontaxable loans, currently available under all plans maintained by the
Employer, including (effective January 1, 2006) all qualified and nonqualified plans of deferred compensation and a cash or deferred arrangement that is part of a cafeteria plan under Code Section 125; 

  
 35 

	 	(ii)	all plans maintained by the Employer provide that the Participant’s Salary Reduction, Catch-Up or other Participant contributions, if applicable, will be suspended
for six months after the receipt of the hardship distribution (which this Plan hereby so provides); provided, further, that effective January 1, 2006, the Participant shall be prohibited from making contributions under this Plan and all other
plans of the Employer, including any stock option, stock purchase or similar plan or arrangement for six months after receipt of the distribution (but excluding mandatory employee contribution portions of a defined benefit plan or health and welfare
plan); and 

  

	 	(iii)	the distribution is not in excess of the amount necessary to satisfy the immediate and heavy financial need, including any amounts necessary to pay any federal, state
or local income taxes or penalties reasonably anticipated to result from the distribution. 

 C. A Participant may
make application for a hardship withdrawal after first receiving all available distributions from the Participant’s Rollover, Supplemental Participant Contribution and Vested Regular Matching Contribution Accounts. If the Participant making an
application for a hardship withdrawal is married at the time of the request, the Participant’s Spouse must consent to the withdrawal. Effective October 1, 2004, a Participant may receive no more than one hardship withdrawal request during
any 12-month period. 
 A Participant making an application under this Section 6.01 shall have the burden of presenting to
the Committee evidence of such need, and the Committee shall not permit withdrawal under this Section without first receiving such evidence. If a Participant’s application for a hardship withdrawal is approved, the Committee shall then instruct
the Trustee to make payment of the approved amount of the hardship withdrawal to the Participant. 
 Section 6.02
IN-SERVICE WITHDRAWAL RULES. A Participant who maintains a Rollover, Supplemental Participant or Regular Matching Contribution Account(s) under the Plan may elect to make a withdrawal from such Account(s) (minus any outstanding loan amounts)
at any time upon notice to the Committee. Any election to make a withdrawal shall be made in accordance with procedures established by the Committee. Payment of amounts so requested shall be made within an administratively reasonable period of time
after the withdrawal has been requested. The Committee may establish other rules of uniform applicability regarding the timing of and procedures for such withdrawals, including a minimum amount for such withdrawals. If the Participant is married at
the time of the request, the Participant’s Spouse must consent to the withdrawal. In addition, the following conditions apply to any withdrawal requested from the specified Account: 

A. Supplemental Participant Contributions. A Participant may make no more than two withdrawals from his Supplemental Participant
Contribution Account during any Plan Year. 
 B. Regular Matching Contributions. Withdrawals may be
made upon the earlier of the Participant attaining age 59 1/2 or completing five years of participation in the Plan. Prior to attaining age
59 1/2, a Participant shall be permitted to withdraw
Vested portions of the Regular Matching Contribution Account only if two years have elapsed from the date of the Participant’s last withdrawal from his Regular Matching Contribution Account. Upon attaining age 59 1/2, the Participant may make up to two withdrawals from the Vested
portion of his Regular Matching Contribution Account during any Plan Year. 
 C. Military
Distributions. Notwithstanding the foregoing, effective January 1, 2009, as required by Code Section 414(u), as amended by the HEART Act, a Participant in Qualified Military Service (within the meaning of Code Section 414(u))
shall be treated as having incurred a Severance from Employment for purposes of eligibility to receive a distribution from his Account. However, if a Participant obtains a distribution according to the foregoing provision, such Participant’s
Salary Reduction Contributions to this Plan shall be suspended for six months following the date of the distribution. 
 Section 6.03 WITHDRAWALS UPON ATTAINMENT OF AGE
59 1/2. Subject to the Spousal Consent requirements, if applicable, a Participant who has attained age 59 1/2 may elect to make withdrawals from the nonforfeitable portion of his Salary Reduction, Safe Harbor Matching and Employer Nonelective Retirement Contribution
Account(s) under the Plan (minus any outstanding loan amounts) at any time upon notice to the 

  
 36 

 
Committee. Any election to make a withdrawal shall be made in accordance with procedures established by the Committee. Payment of amounts so requested shall be made within an administratively
reasonable period of time after the withdrawal has been requested. The Committee may establish other rules of uniform applicability regarding the timing of and procedures for such withdrawals, including a minimum amount for such withdrawals.
Notwithstanding the foregoing, a Participant may make no more than two withdrawals from his Salary Reduction Contributions Account during any Plan Year. 
 Section 6.04 IN-SERVICE DISTRIBUTIONS TO INDIVIDUALS CALLED TO ACTIVE DUTY. Effective January 1, 2009, any Participant who is a Qualified Reservist may withdraw the portion of his or
her Account balance attributable to his Salary Reduction Contributions regardless of age or employment status to the extent that such distribution is a Qualified Reservist Distribution. For purposes of this Section 6.04, a “Qualified
Reservist Distribution” is: 
 A. a distribution of amounts attributable to Employer contributions made pursuant to
Salary Reduction Contributions under this Plan; 
 B. by a Participant who is a Qualified Reservist who was (by reason of being
a member of a reserve component (as defined in Section 101 of Title 37 of the United States Code)) ordered or called to active duty for a period in excess of 179 days or for an indefinite period; and 

C. such distribution is made during the period beginning on the date of such order or call and ending at the close of the active duty
period. 
 For purposes of this Section 6.04, a “Qualified Reservist” is an individual ordered or called
to active duty after September 11, 2001. The following special rules also apply to a Qualified Reservist Distribution: 

X. Exception from the 10% Excise Tax for Early Withdrawals. The portion of any such distribution from the Plan that is a Qualified
Reservist Distribution shall be exempt from the 10% excise tax under Code Section 72(t) for early withdrawals. 
 Y.
Qualified Reservist Distributions may be Contributed to an IRA. The Participant who receives a Qualified Reservist Distribution may, at any time during the two-year period beginning on the day after the end of the active duty period, make one
or more contributions to an individual retirement plan of such individual in an aggregate amount not to exceed the amount of such Qualified Reservist Distribution. The dollar limitations otherwise applicable to contributions to individual retirement
plans shall not apply to any contribution made pursuant to the preceding sentence, however, no deduction shall be allowed for any such contribution pursuant to this subsection. In any event, the two-year period referred to above shall not end before
the date which is two years after August 17, 2006, the date of the enactment of the PPA (i.e., shall not end prior to August 17, 2008). In no event shall the Participant be permitted to re- contribute a Qualified Reservist Distribution to
this Plan. 
 Section 6.05 DIRECT ROLLOVER AND WITHHOLDING RULES. 

A. Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee’s election under this Article,
a Distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an Eligible Rollover Distribution paid directly to an Eligible Retirement Plan specified by the Distributee in a Direct Rollover. The
Committee may establish rules and procedures governing the processing of Direct Rollovers and limiting the amount or number of such Direct Rollovers in accordance with applicable Treasury Regulations. Distributions not transferred to an Eligible
Retirement Plan in a Direct Rollover shall be subject to income tax withholding as provided under the Code and applicable state and local laws, if any. 

  
 37 

 B. Definitions. 

 

	 	(i)	“Eligible Rollover Distribution.” Any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible
Rollover Distribution does not include: (1) any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for life (or life expectancy) of the Distributee or the joint lives (or joint
life expectancies) of the Distributee and the Distributee’s designated beneficiary, or for a specified period of ten years of more; (2) any distribution to the extent such distribution is required under Code Section 401(a)(9);
(3) any hardship distribution after January 1, 2000; (4) any loan that is treated as a distribution under Code Section 72(p) and not excepted by Code Section 72(p)(2), or a loan in default that is a deemed distribution; and
(5) any corrective distribution provided under Schedule I of the Plan, if applicable. Notwithstanding the foregoing, any portion of a distribution that consists of after-tax Employee contributions which are not includible in gross income may be
transferred only to an individual retirement account or annuity described in Code Sections 401(a) or 403(a) that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution that is
includible in gross income and the portion of such distribution that is not so includible. In addition, the portion of any distribution on and after January 1, 2007 that consists of after-tax contributions which are not includible in gross
income may be transferred (in a direct trustee-to-trustee transfer) to a qualified defined benefit plan or a Code Section 403(b) tax-sheltered annuity that agrees to separately account for amounts so transferred (and the earnings thereon),
including separately accounting for the portion of such distribution that is includible in gross income and the portion of such distribution which is not so includible. In addition, 2009 RMDs and Extended 2009 RMDs, as defined in Section 5.07
of the Plan, will be treated as Eligible Rollover Distributions in 2009. 

  

	 	(ii)	“Eligible Retirement Plan.” Individual retirement account described in Code Section 408(a), an individual retirement annuity described in Code
Section 408(b), an annuity plan described in Code Section 403(a), a qualified trust described in Code Section 401(a), an annuity contract described in Code Section 403(b) and an eligible plan under Code Section 457(b) which
is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, and, effective
January 1, 2008, a Roth individual retirement arrangement within the meaning of Code Section 408A, and which accepts the Distributee’s Eligible Rollover Distribution. This definition of Eligible Retirement Plan shall also apply in the
case of a distribution to a surviving Spouse, or to a Spouse or former Spouse who is the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p). 

 

	 	(iii)	“Distributee.” An Employee or former Employee. In addition, the Employee’s or former Employee’s surviving Spouse and the Employee’s or
former Employee’s Spouse or former Spouse who is the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p), is a Distributee with regard to the interest of the Spouse or former Spouse. Effective for
distributions on and after January 1, 2007, a Distributee includes the Participant’s non-Spouse Beneficiary. 

  

	 	(iv)	“Direct Rollover.” A payment by the Plan to the Eligible Retirement Plan specified by the Distributee. In the case of a non-Spouse Beneficiary, a
Direct Rollover may be made only to an individual retirement account or annuity described in Code Sections 408(a) or 408(b) that is established on behalf of the designated Beneficiary and that will be treated as an inherited individual retirement
account within the meaning of Code Section 408(d)(3)(C) pursuant to the provisions of Code Section 402(c)(11). Also, in this case, the determination of any required minimum distribution under Code Section 401(a)(9) that is ineligible
for rollover shall be made in accordance with Notice 2007-7, Q&A 17 and 18, 2007-5 I.R.B. 395, or with any subsequent published guidance. 

  
 38 

 Section 6.06 LOANS TO PARTICIPANTS. Loans may be granted to any Participant
under the Plan in accordance with applicable rules under the Code and ERISA, and the provisions of this Section 6.06. 
 A.
General Rules. The Committee shall establish the procedures a Participant must follow to request a loan from his Nonforfeitable Account balance under the Plan. Loans shall be made available to all Participants on a reasonably equivalent
basis; provided, however, that loans will not be made available to former Participants in any event. 
 In no event will the
total of any outstanding loan balances made to any Participant, including any interest accrued thereon, when aggregated with corresponding loan balances of the Participant under any other plans of the Employer or any Related Employer, exceed the
lesser of (i) or (ii), below: 
  

	 	(i)	$50,000, reduced by the excess (if any) of the highest outstanding balance of such loans during the one-year period ending on the day before the date any such loan is
made over the outstanding balance of such loans on the date any such loan is made; or 

  

	 	(ii)	one-half of the value of the Vested portion of the Participant’s Account. For purposes of this Section, the value of a Participant’s Account shall be
determined as of the Valuation Date coinciding with or next preceding the date on which a properly completed loan request is received by the Committee (or its delegate) or the Trustee, as applicable. 

The minimum amount of any loan shall be $1,000. 
 B. Term of Loan. The term of any loan shall be determined by mutual agreement between the Committee or Trustee and the Participant. Every Participant who is granted a loan shall receive a statement
of the charges and interest rates involved in each loan transaction and periodic statements reflecting the current loan balance and all transactions with respect to that loan to date. Except for loans used to acquire any dwelling unit that within a
reasonable time (determined at the time the loan is made) is to be used as the principal residence of the Participant, the term of any loan shall not exceed five years. The term of any loan which within a reasonable time (determined at the time the
loan is made) is to be used as the principal residence of the Participant shall not exceed ten years. All loans shall be amortized in level payments made not less frequently than quarterly over the term of the loan, or in accordance with other
procedures established by the Committee. 
 C. Security. Each loan shall be secured by no more than one-half of the
Vested portion of the Participant’s Nonforfeitable Account balance (determined as of the Valuation Date coinciding with or next preceding the date on which the loan is made). Loans shall be limited to the Participant’s Salary Reduction,
Rollover, Regular Matching, Safe Harbor Matching and Supplemental Participant Contribution Accounts. 
 D. Interest. Each
Participant loan shall be considered an investment of the Trust, and interest shall be charged thereon at a reasonable rate established by, or in accordance with procedures approved by, the Committee commensurate with the interest rates then being
charged by persons in the business of lending money under similar circumstances. Notwithstanding the foregoing sentence, if necessary, the Committee will reduce the interest rate of an outstanding Participant loan to six percent during a period of
qualified military leave as defined in Code Section 414(u)(5), to the extent required by the Soldiers’ and Sailors’ Civil Relief Act of 1940. 
 E. Repayment Terms. 
  

	 	(i)	 Generally. The terms and conditions of each loan shall be determined by mutual agreement between the Committee and the Participant. The
Committee shall take all necessary actions to ensure that each loan is repaid on schedule by its maturity date, including requiring repayment of the loan by payroll deduction whenever possible. Upon a Participant’s termination of employment,
the balance of any outstanding loan hereunder shall immediately become due and owing. Subject to the spousal consent requirements of subsection F. below, in the event a Participant (or his Beneficiary or Spouse) elects to

  
 39 

	 	 
receive a distribution of his total Account (net of any loans) from the Trust Fund at a time when there is an unpaid balance of a loan against such Participant’s Account, the Trustee shall
deduct the unpaid balance of the principal of such loan or any portion thereof, and any interest accrued to the date of such deduction, from any payment or distribution from the Trust Fund to which such Participant or his Beneficiary or Spouse may
be entitled. If the amount of such payment or distribution is not sufficient to repay the outstanding balance of such loan and any interest accrued thereon, the Participant (or his estate, if applicable) shall be liable for and continue to make
payments on any loan balance still due from him. 

  

	 	(ii)	Suspension of Loan Payments during Qualified Military Leave. Loan payments shall be suspended during a period of qualified military service, as defined in Code
Section 414(u)(5). The duration of such period of service shall not be taken into account in determining the maximum permissible term of the loan under Code Section 72(p) and the regulations promulgated thereunder. Following the
Participant’s timely reemployment after a period of qualified military service, loan payments shall resume at an amount no less than required by the terms of the original loan, and at a frequency such that the loan will be repaid in full during
a period that is no longer than the “latest permissible term of the loan” (defined as the latest date permitted under Code Section 72(p)(2)(B) plus the period of suspension due to such military service). 

F. Spousal Consent. Any Participant requesting a loan from the Plan must obtain the consent of his Spouse, if any, within the
90-day period before the time the Participant’s Vested Account is used as collateral security for the loan, unless not otherwise required by law. Such consent must be in writing, must acknowledge the effect of the loan, and must be witnessed by
a Plan representative or notary public. A new consent is required if the Account balance is used for any increase in the amount of security. 
 G. Restrictions on Loans. No Participant shall have more than three loans under this Section 6.06 outstanding at the same time, comprised of no more than two general-purpose, regular loans,
and one home loan. However, if a Participant who previously participated in one of the Merging Plans which permitted multiple loans has more than three loans at the time of such merger, or if a Participant in a plan which subsequently merges into
this Plan has more than three loans outstanding under such merging plan at the date of merger, such Participant may, in accordance with the terms of such loans, continue to have more than three such loans without violating this provision.

 H. Nondiscrimination. Loans will not be made available to Highly Compensated Employees in an amount greater than the
amount made available to other Employees. 
 I. Default. Failure to make a payment within 90 days of the date payment is
due will generally constitute a default, unless loan procedures and applicable law do not so require. Upon default (or, to the extent prohibited by law or by the terms of the Plan until a distributable event occurs, upon such event), the Committee
will instruct the Trustee to deduct the total unpaid amount of the loan and any unpaid interest due on the loan from the Participant’s Account. The Committee may establish additional rules and procedures for handling loan defaults, including,
but not limited to, restrictions on future borrowing. 
 J. Procedure. The Committee will establish nondiscriminatory
policies and procedures to administer Participant loans, including the number and type of available Plan loans. 
 Section
6.07 SPECIAL WITHDRAWAL RULES APPLICABLE TO TRANSFER ACCOUNTS. Notwithstanding any other Plan provision to the contrary, if the IRS requires distribution to be made (or offered) with respect to any or all amounts held on behalf of a
Participant with respect to a predecessor or transferor plan or a Merging Plan, as a condition of preserving the tax-qualified status of this Plan or of said predecessor or transferor plan, or if a court of competent jurisdiction issues an order or
decree in respect of the Plan or its fiduciaries which is determined under relevant federal law to be enforceable, and which compels the distribution of a Participant’s Plan interest, the Committee will be entitled to direct the prompt
distribution (or offer of distribution) of such amounts. 

  
 40 

 ARTICLE VII 
 EMPLOYER ADMINISTRATIVE PROVISIONS 
 Section 7.01 ESTABLISHMENT
OF TRUST. The Employer shall execute a Trust Agreement with one or more persons or parties who shall serve as the Trustee. The Trustee so selected shall serve as the Trustee until otherwise replaced or said Trust Agreement is terminated. The
Employer may, from time to time, enter into such further agreements with the Trustee or other parties and make such amendments to said Trust Agreement as it may deem necessary or desirable to carry out this Plan. Any and all rights or benefits which
may accrue to a person under this Plan shall be subject to all the terms and provisions of the Trust Agreement. The Trustee shall be responsible to ensure that contributions are made to the Trust Fund only to the extent required by the terms of the
Trust Fund or applicable law. 
 Section 7.02 INFORMATION TO COMMITTEE. Each Employer shall supply current
information to the Committee as to the name, date of birth, date of employment, annual Compensation, leaves of absence, years of Service and date of termination of employment of each Employee who is, or who will be eligible to become, a Participant
under the Plan, together with any other information that the Committee considers necessary. The Employer’s records as to the current information that the Employer furnishes to the Committee shall be conclusive as to all persons. 

Section 7.03 NO LIABILITY. The Employer assumes no obligation or responsibility to any of its Employees, Participants or
Beneficiaries for any act of, or failure to act, on the part of its Committee, the Trustee or the Board (unless the Employer is the Plan’s Administrator as defined in Section 3(16)(A) of ERISA). 

Section 7.04 INDEMNITY OF PLAN ADMINISTRATOR AND COMMITTEE. Each Employer indemnifies and saves harmless the Plan
Administrator and the members of the Committee, and each of them, from and against any and all loss (including reasonable attorneys’ fees and costs of defense) resulting from liability to which the Plan Administrator, the Committee, or the
members of the Committee, may be subjected by reason of any act or conduct (except willful misconduct or gross negligence) in their official capacities in the administration of this Plan and the Trust, including all expenses reasonably incurred in
their defense, in case the Employer fails to provide such defense. The foregoing right of indemnification shall be in addition to such other rights as the Plan Administrator or any Committee member may enjoy as a matter of law or by reason of
insurance coverage of any kind. Rights granted hereunder shall be in addition to and not in lieu of any rights to indemnification to which the Plan Administrator or any Committee member may be entitled pursuant to any liability insurance purchased
or paid for by the Employer. The indemnification provisions of this Section 7.04 do not relieve the Plan Administrator or any Committee member from any liability he may have under ERISA for breach of a fiduciary duty to the extent such
indemnification is prohibited by ERISA. Furthermore, the Plan Administrator and the Committee members and the Employer may execute an agreement further delineating the indemnification agreement of this Section 7.04, provided the agreement must
be consistent with and shall not violate ERISA. 
 Section 7.05 INVESTMENT FUNDS. The Committee and the Trustee
shall establish certain investment funds (the “Investment Funds”), rules governing the administration of the Investment Funds and procedures for directing the investment of Participant Accounts among the Investment Funds. The
Trustee shall invest and reinvest the principal and income of each Account in the Trust Fund as required by ERISA and as directed by Participants. The Committee and the Employer reserve the right to change the investment options available under the
Plan and the rules governing investment designations at any time and from time to time. 
 Notwithstanding the foregoing, the
Trustee is specifically authorized to maintain the “Company Stock Fund” as one of the Investment Funds available to Participants under the Plan. The Company Stock Fund shall consist of stock of the Company and cash or cash
equivalents needed to meet obligations of such fund or for the purchase of stock of the Company. One of the purposes of the Plan is to provide Participants with ownership interests in the Company through the purchase of common shares of the Company.
To the extent practicable, all available assets of the Company Stock Fund shall be used to purchase Shares, which shall be held by the Trustee and 

  
 41 

 
allocated to Participant Accounts until distribution in kind or sale for distribution of cash to Participants or Beneficiaries or until disposition is required to implement changes in investment
designations. In addition to the Company Stock Fund, all or any portion of the remaining Trust Fund may consist of Shares. The Trustee may acquire or dispose of Shares as necessary to implement Participant directions and may net transactions within
the Trust Fund. In addition, when acquiring Shares, the Trustee may acquire Shares directly from the Company or on the open market as necessary to effect Participant directions. In either case, the price paid for such Shares shall not exceed the
fair market value of the Shares. The fair market value of the Shares acquired directly from the Company shall mean the mean between the high and low bid and ask prices as reported by the New York Stock Exchange or the NASDAQ, as applicable, on the
date of such transaction. 
 Each Investment Fund (other than the Company Stock Fund) shall be established by the Trustee at the
direction or with the concurrence of the Committee. Investment Funds may, as so determined, consist of preferred and common stocks, bonds, debentures, negotiable instruments and evidences of indebtedness of every kind and form, or in securities and
units of participation issued by companies registered under the Investment Companies Act of 1940, master limited partnerships or real estate investment trusts, or in any common or collective fund established or maintained for the collective
investment and reinvestment of assets of pension and profit sharing trusts that are exempt from federal income taxation under the Code or any combination of the foregoing. The Trustee shall hold, manage, administer, invest, reinvest, account for and
otherwise deal with the Trust Fund and each separate Investment Fund as provided in the Trust Agreement. 
 Anything in the Plan
or Trust Agreement to the contrary notwithstanding, the Trustee shall not sell, alienate, encumber, pledge, transfer or otherwise dispose of, or tender or withdraw, any Shares held by it under the Trust Agreement, except: (A) as specifically
provided for in the Plan; or (B) in the case of a “Tender Offer” as directed in writing by a Participant (or Beneficiary, where applicable) on a form provided or approved by the Committee and delivered to the Trustee. For the
purposes hereof, a Tender Offer shall mean any offer for, or request for or invitation for tenders of, or offer to purchase or acquire, any Shares that is directed generally to shareholders of the Employer or any transaction that may be defined as a
Tender Offer under rules or regulations promulgated by the Securities and Exchange Commission. To the extent that any money or other property is received by the Trustee as a result of a tender of Shares not prohibited by the preceding sentence, such
money or property shall be allocated to such other Investment Fund(s) as directed by the Participants in whose Account the Shares so tendered were held. 
 ARTICLE VIII 
 PARTICIPANT ADMINISTRATIVE PROVISIONS 

Section 8.01 PERSONAL DATA TO COMMITTEE. Each Participant and each Beneficiary of a deceased Participant must furnish to
the Committee such evidence, data or information as the Committee considers necessary or desirable for the purpose of administering the Plan. The provisions of this Plan are effective for the benefit of each Participant upon the condition precedent
that each Participant will furnish promptly full, true and complete evidence, data and information when requested by the Committee, provided the Committee shall advise each Participant of the effect of his failure to comply with its request. A
misstatement in the age, length of Service, date of employment, date of birth or Compensation of a Participant, Spouse, Beneficiary, or any other such matter, shall be corrected when it becomes known that any such misstatement of fact has occurred.

 Section 8.02 ADDRESS FOR NOTIFICATION. Each Participant and each Beneficiary of a deceased Participant shall
file with the Employer or the Committee, from time to time, in writing, or otherwise notify the Employer or the Committee (in accordance with its rules and procedures) of, his post office address and any change of post office address. Any
communication, statement or notice addressed to a Participant, or Beneficiary, at his last post office address filed with the Committee, or as shown on the records of the Employer, shall bind the Participant, or Beneficiary, for all purposes of this
Plan. 
 Section 8.03 ASSIGNMENT OR ALIENATION. Subject to Code Section 414(p) relating to qualified domestic
relations orders, neither a Participant nor a Beneficiary shall anticipate, assign or alienate (either at law or in equity) any benefit provided under the Plan, and the Trustee shall not recognize any such anticipation, assignment or alienation.
Furthermore, a benefit under the Plan is not subject to attachment, garnishment, levy, execution or other legal or equitable process, including the claims of any trustee in bankruptcy or other representative of the Participant or Beneficiary in such
action. 

  
 42 

 Section 8.04 NOTICE OF CHANGE IN TERMS. The Employer, within the time
prescribed by ERISA and the applicable regulations, shall furnish all Participants and Beneficiaries a summary description of any material amendment to the Plan or notice of discontinuance of the Plan and all other information required by ERISA to
be furnished without charge. 
 Section 8.05 PARTICIPANT DIRECTION OF INVESTMENT. The Committee and the Trustee
shall establish rules governing the administration of Investment Funds and procedures for Participant direction of investment, including rules governing the timing, frequency and manner of making investment elections. The Committee and the Employer
reserve the right to change the investment options available under the Plan and rules governing investment designations from time to time. Nothing in this or any other provision of the Plan shall require the Trustee, the Employer or the Committee to
implement Participant investment directions or changes in such directions, or to establish any procedures, other than on an administratively practicable basis, as determined by the Employer or the Committee in its discretion. 

Each Participant shall, in accordance with procedures established by the Committee and the Trustee, direct that his Account and
contributions thereto be invested and reinvested in any one or more of the Investment Funds. The investment of any such monies shall be subject to such restrictions as the Committee may determine, in its sole discretion, to be advisable or necessary
under the circumstances. Moreover, in accordance with procedures established by the Trustee and agreed to by the Committee, Participants may, when administratively practicable, be permitted to change their current and prospective investment
designations through telephone, “on-line” or similar instructions to the Trustee or its authorized agent on a frequency established under such procedures, as in effect from time to time. 

The exercise of investment direction by a Participant will not cause the Participant to be a fiduciary solely by reason of such exercise,
and neither the Trustee nor any other fiduciary of this Plan will be liable for any loss or any breach that results from the exercise of investment direction by the Participant. The investment designation procedures established under the Plan shall
be and are intended to be in compliance with the requirements of ERISA Section 404(c) and the regulations thereunder. 
 In
no event shall Participants be permitted to direct that any portion of their Accounts and/or any additional contributions be invested in the Company Stock Fund until the Company, the Plan, the Trustee and all other relevant parties have fully
complied with such requirements, including, but not limited to, federal and state securities laws, as the Committee has determined to be applicable. The Committee may restrict the ability of any person covered under Section 16 of the Securities
Exchange Act of 1934, as amended, or any other corporate insider of the Employer or the Company to direct the investment of his Account in the Company Stock Fund. In addition, the Committee, in its discretion, from time to time, may establish limits
applicable to all Participants regarding the percentage of a Participant’s Account that may be invested in the Company Stock Fund. Notwithstanding any provision to the contrary, the Committee and the Trustee may, in their sole discretion and
where the terms of any relevant investment contracts, regulated investment companies or pooled or group trusts so require, impose special terms, conditions and restrictions upon a Participant’s right to direct the investment in, or transfer
into or out of, such contracts, companies or trusts, or the timing or terms applicable to such transaction. 
 Section
8.06 CHANGE OF INVESTMENT DESIGNATIONS. Each Participant who is entitled to direct the investment of additional contributions to be allocated to his Account in accordance with Section 8.05 hereof may select how such additional
contributions are to be invested. Such investment directions shall be made in accordance with applicable rules or procedures established by the Trustee and the Committee. 
 Each Participant may prospectively re-elect how those amounts then held in his Account are to be reinvested in the various Investment Funds until otherwise changed or modified. Such investment directions
shall be made in accordance with applicable rules or procedures established by the Trustee and the Committee. 

  
 43 

 Notwithstanding the foregoing to the contrary, the Committee may, in its sole discretion and
where the terms of any relevant investment contract, regulated investment companies or pooled or group trusts so require, impose special terms, conditions and restrictions upon a Participant’s right to direct the investment in, or transfer into
or out of, such contracts, companies or trusts. 
 Section 8.07 LITIGATION AGAINST THE PLAN. If any legal action
filed against the Trustee, the Employer as Plan Administrator, or the Committee, or against any member or members of the Committee, by or on behalf of any Participant or Beneficiary, results adversely to the Participant or to the Beneficiary, the
Trustee shall reimburse itself, the Employer or the Committee, or any member or members of the Committee, all costs and fees expended by it or them by surcharging all costs and fees against the sums payable under the Plan to the Participant or to
the Beneficiary, but only to the extent a court of competent jurisdiction specifically authorizes and directs any such surcharges and only to the extent Code Section 401(a)(13) does not prohibit any such surcharges. 

Section 8.08 INFORMATION AVAILABLE. Any Participant in the Plan or any Beneficiary may, during reasonable business hours,
examine copies of the Plan, the Trust, the Plan description, the latest annual report, any contract or any other instrument under which the Plan was established or is operated. The Employer will maintain all of the items listed in this
Section 8.08 in its offices, or in such other place or places as it may designate from time to time in order to comply with the regulations issued under ERISA. Upon the written request of a Participant or Beneficiary, the Committee shall
furnish him with a copy of any item listed in this Section 8.08. The Committee may make a reasonable charge to the requesting person for the copy so furnished. 
 Section 8.09 APPEAL PROCEDURE FOR DENIAL OF BENEFITS. The Employer shall provide adequate notice in writing to any Participant or to any Beneficiary (the “Claimant”) whose
claim for benefits under the Plan the Committee has denied. The Employer’s notice to the Claimant shall set forth: 
 A.
the specific reason for the denial; 
 B. specific references to pertinent Plan provisions on which the Committee based its
denial; 
 C. a description of any additional material and information needed for the Claimant to perfect his claim and an
explanation of why the material or information is needed; 
 D. that any appeal the Claimant wishes to make of the adverse
determination must be in writing to the Committee within 90 days after receipt of the Employer’s notice of denial of benefits. The Employer’s notice must further advise the Claimant that his failure to appeal the action to the Committee in
writing within the 90-day period will render the determination final, binding and conclusive; and 
 E. an explanation that, if
an adverse determination is made on review, the Claimant has the right to bring civil action under Section 502(a) of ERISA. 
 If the Claimant appeals to the Committee, he, or his duly authorized representative, may submit, in writing, whatever issues and comments he, or his duly authorized representative, feels are pertinent.
The Claimant, or his duly authorized representative, may review pertinent Plan documents. The Committee shall re-examine all facts related to the appeal and make a final determination as to whether the denial of benefits is justified under the
circumstances. The Committee shall advise the Claimant of its decision within 60 days of the Claimant’s written request for review, unless special circumstances (such as a hearing) would make the rendering of a decision within the 60-day limit
unfeasible, but in no event shall the Committee render a decision respecting a denial for a claim for benefits later than 120 days after its receipt of a request for review. 
 Section 8.10 STATUTE OF LIMITATIONS FOR CIVIL ACTIONS. 
 A. For
purposes of filing any civil action against the Plan upon the exhaustion of all other available administrative remedies, including under Section 502(a) of ERISA, legal action may be brought no later than one year from the date of completion of
the Plan’s claims appeal process, or if earlier, one year from the date the Claimant became entitled thereto, or if later, knew or should have known that such claim existed. 

  
 44 

 B. All claims for benefits under the Plan or other claims related thereto must be made
within one year of the date the Claimant became entitled thereto, or if later, knew or should have known that such claim existed. 
 ARTICLE IX 
 ADMINISTRATION OF THE PLAN 

Section 9.01 ALLOCATION OF RESPONSIBILITY AMONG FIDUCIARIES FOR PLAN AND TRUST ADMINISTRATION. The fiduciaries shall have
only those powers, duties, responsibilities and obligations as are specifically given to them under this Plan and the Trust. The Employer(s) shall have the sole responsibility for making the contributions provided for under Article III. The Employer
shall have the sole authority to appoint and remove the Trustee and members of the Committee, and to amend or terminate, in whole or in part, this Plan or the Trust; provided, however, that the Employer may delegate the authority to amend the Plan
to the Committee, in its discretion. The Employer shall have the final responsibility for the administration of the Plan, which responsibility is specifically described in this Plan and the Trust, and shall be the “Plan
Administrator” and the named fiduciary. The Committee shall have the specific delegated powers and duties described in the further provisions of this Article IX and such further powers and duties as hereinafter may be delegated to it by the
Employer. The Trustee shall have the sole responsibility for the administration of the Trust and the management of the assets held under the Trust, all as specifically provided in the Trust; provided, however, that the Employer shall be responsible
for monitoring and collecting contributions to the Plan, including pursuing the Plan’s legal claim, if any, for delinquent contributions. Each fiduciary warrants that any directions given, information furnished, or action taken by it shall be
in accordance with the provisions of this Plan and the Trust, authorizing or providing for such direction, information or action. Furthermore, each fiduciary may rely upon any such direction, information or action of another fiduciary as being
proper under this Plan and the Trust, and is not required under this Plan or the Trust to inquire into the propriety of any such direction, information or action. It is intended under this Plan and the Trust that each fiduciary shall be responsible
for the proper exercise of its own powers, duties, responsibilities and obligations under this Plan and the Trust and shall not be responsible for any act or failure to act of another fiduciary. No fiduciary guarantees the Trust Fund in any manner
against investment loss or depreciation in asset value. The Trustee shall be responsible to ensure that contributions are made to the Trust only to the extent required by the terms of the Trust or applicable law. 

Section 9.02 APPOINTMENT OF COMMITTEE. A Committee consisting of three or more persons shall be appointed by and serve at
the pleasure of the Employer to assist in the administration of the Plan. In the event the Employer elects not to appoint a Committee, the Employer shall have such powers and duties as are allocated to the Committee under the Plan. Any reference to
the Committee shall be construed as a reference to the Employer. In the event of any vacancies on the Committee, the remaining Committee member(s) then in office shall constitute the Committee and shall have full power to act and exercise all powers
of the Committee as described in this Article IX. All usual and reasonable expenses of the Committee may be paid in whole or in part by the Employer, and any expenses not paid by the Employer shall be paid by the Trustee out of the principal or
income of the Trust Fund. Any members of the Committee who are Employees shall not receive compensation with respect to their services for the Committee. 
 Section 9.03 COMMITTEE PROCEDURES. The Committee may act at a meeting or in writing without a meeting. The Committee may elect one of its members as chairperson, appoint a secretary, who may
or may not be a Committee member, and advise the Trustee of all relevant actions. The secretary shall keep a record of all meetings and forward all necessary communications to the Employer, or the Trustee. The Committee may adopt such bylaws and
regulations as it deems desirable for the conduct of its affairs. All decisions of the Committee shall be made by the vote of the majority then in office, including actions in writing taken without a meeting. A dissenting Committee member who,
within a reasonable time after he has knowledge of any action or failure to act by the majority, registers his dissent in writing delivered to the other Committee members, the Employer and the Trustee, shall not be responsible for any such action or
failure to act. 

  
 45 

 Section 9.04 RECORDS AND REPORTS. The Employer (or the Committee if so
designated by the Employer) shall exercise such authority and responsibility as it deems appropriate in order to comply with ERISA and regulations issued thereunder relating to records of Participants’ Service, Account balances and the
percentage of such Account balances that are Nonforfeitable under the Plan; notifications to Participants; annual registration with the IRS; and annual reports to the Department of Labor. 

Section 9.05 OTHER COMMITTEE POWERS AND DUTIES. The Committee shall have such powers as may be necessary to discharge its
duties hereunder, including, but not by way of limitation, the discretionary authority to perform the following powers and duties: 
 A. to determine the rights of eligibility of an Employee to participate in the Plan, the value of a Participant’s Account, the Nonforfeitable percentage of each Participant’s Account, the rights
of Beneficiaries to benefits under the Plan, and the method and time or times of payment of benefits under the Plan, which such determination shall be final and conclusive; 
 B. to adopt rules of procedure and regulations necessary for the proper and efficient administration of the Plan, provided the rules are not inconsistent with the terms of this Plan and the Trust;

 C. to construe and enforce the terms of the Plan and the rules and regulations it adopts, including the discretionary
authority to interpret the Plan documents and documents related to the Plan’s operation (including, but not limited to, issues of fact); 
 D. to direct the Trustee with respect to the crediting and distribution of the Trust; 
 E. to review and render decisions respecting a claim for (or denial of a claim for) a benefit under the Plan; 
 F. to furnish the Employer with information that the Employer may require for tax or other purposes; 
 G. to engage the service of agents whom it may deem advisable to assist it with the performance of its duties; 
 H. to engage the services of an Investment Manager or Investment Managers (as defined in ERISA Section 3(38)), each of whom shall have full power and authority to manage, acquire or dispose (or
direct the Trustee with respect to acquisition or disposition) of any Plan asset under its control, to remove any Investment Manager, and to appoint a successor if so desired; 
 I. to authorize any one of its members, or its secretary, so sign on its behalf any notices, directions, applications, certificates, consents, approvals, waivers, letters or other documents, such
authority being evidenced by an instrument signed by all members and filed with the Trustee; 
 J. to amend the Plan pursuant to
Section 12.02 of the Plan, unless the subject of such amendment must be approved or ratified by the Employer’s Board of Directors (e.g., the termination of the Plan); and 

K. as permitted by the Employee Plans Compliance Resolution System (“EPCRS”) issued by the IRS, as in effect from time to time,
(i) to voluntarily correct any Plan qualification failure, including, but not limited to, failures involving Plan operation, impermissible discrimination in favor of Highly Compensated Employees, the specific terms of the Plan document, or
demographic failures; (ii) implement any correction methodology permitted under EPCRS; and (iii) negotiate the terms of a compliance statement or a closing agreement proposed by the IRS with respect to correction of a plan qualification
failure. 

  
 46 

 Section 9.06 RULES AND DECISIONS. The Committee may adopt such rules as it
deems necessary, desirable or appropriate. All rules and decisions of the Committee shall be uniformly and consistently applied to all Participants in similar circumstances. When making a determination or calculation, the Committee shall be entitled
to rely upon information furnished by a Participant or Beneficiary, the Employer, the legal counsel of the Employer, or the Trustee. 
 Section 9.07 APPLICATION AND FORMS FOR BENEFITS. The Committee may require a Participant or Beneficiary to complete and file with the Committee and/or the Trustee an application for a
benefit and all other forms approved by the Committee, and to furnish all pertinent information requested by the Committee and Trustee. The Committee and Trustee may rely upon all such information so furnished to it, including the Participant’s
or Beneficiary’s current mailing address. 
 Section 9.08 AUTHORIZATION OF BENEFIT PAYMENTS. The Committee
shall issue directions to the Trustee concerning all benefits that are to be paid from the Trust Fund pursuant to the provisions of the Plan, or establish other procedures on which the Trustee may act, and warrants that all such directions are in
accordance with this Plan. 
 Section 9.09 FUNDING POLICY. The Committee shall, from time to time, review all
pertinent Employee information and Plan data in order to establish the funding policy of the Plan and to determine the appropriate methods of carrying out the Plan’s objectives. The Committee shall communicate periodically, as it deems
appropriate, to the Trustee and to any Plan Investment Manager, the Plan’s short-term and long-term financial needs so that investment policy can be coordinated with Plan financial requirements. 

Section 9.10 FIDUCIARY DUTIES. In performing their duties, all fiduciaries with respect to the Plan shall act solely in the
interest of the Participants and their Beneficiaries, and: 
 A. for the exclusive purpose of providing benefits to the
Participants and their Beneficiaries; 
 B. with the care, skill, prudence and diligence under the circumstances then prevailing
that a prudent man acting in like capacity and familiar with such matters would use in the conduct of an enterprise of like character and with like aims; 
 C. to the extent a fiduciary possesses and exercises investment responsibilities, by diversifying the investments of the Trust Fund so as to minimize the risk of large losses, unless under the
circumstances it is clearly prudent not to do so; and 
 D. in accordance with the documents and instruments governing the Plan
insofar as such documents and instruments are consistent with the provisions of Title I of ERISA. 
 Section 9.11
ALLOCATION OR DELEGATION OF DUTIES AND RESPONSIBILITIES. In furtherance of their duties and responsibilities under the Plan, the Committee and the Employer may, subject always to the requirements of Section 9.10: 

A. employ agents to carry out nonfiduciary responsibilities; 
 B. employ agents to carry out fiduciary responsibilities (other than trustee responsibilities as defined in Section 405(c)(3) of ERISA); 

C. consult with counsel, who may be of counsel to the Employer; and 

D. provide for the allocation of fiduciary responsibilities (other than trustee responsibilities as defined in Section 405(c)(3) of
ERISA) among the members of the Committee. 

  
 47 

 Section 9.12 PROCEDURE FOR THE ALLOCATION OR DELEGATION OF FIDUCIARY DUTIES.
Any action described in subsections B. or D. of Section 9.11 may be taken by the Committee only in accordance with the following procedure: 
 A. such action shall be taken by a majority of the Committee in a resolution approved by a majority of the Committee; 
 B. the vote cast by each member of the Committee for or against the adoption of such resolution shall be recorded and made a part of the written record of the Committee’s proceedings; and 

C. any delegation of fiduciary responsibilities or any allocation of fiduciary responsibilities among members of the Committee may be
modified or rescinded by the Committee according to the procedure set forth in subsections A and B of this Section 9.12. 

Section 9.13 SEPARATE ACCOUNTING. The amounts in a Participant’s Salary Reduction Contribution Account, Catch-Up
Contribution Account, Supplemental Contribution Account and Safe Harbor Matching Account shall at all times be separately accounted for from amounts in a Participant’s Regular Matching Contribution Account, Employer Nonelective Retirement
Contribution Account, Rollover Contribution Account and other contribution accounts, if any. Amounts credited to such subaccounts shall be allocated among the Participant’s designated investments on a reasonable pro rata basis, in accordance
with the valuation procedures of the Trustee and the Investment Funds. The Trustee and the Committee shall also establish uniform procedures which they may change from time to time, for the purpose of adjusting the subaccounts of a
Participant’s Account for withdrawals, loans, distributions and contributions. Gains, losses, withdrawals, distributions, Forfeitures and other credits or charges may be separately allocated among such subaccounts on a reasonable and consistent
basis in accordance with such procedures. 
 Section 9.14 VALUE OF PARTICIPANT’S ACCOUNT. The value of each
Participant’s Account shall be based on its fair market value on the appropriate Valuation Date. A valuation shall occur at least once every Plan Year, and otherwise in accordance with the terms of the Trust and administratively practicable
procedures approved by the Committee. Periodically, on a frequency determined by the Committee and the Trustee, the Participant will receive a statement showing the transaction activity and value of his Account as of a date set forth in the
statement. 
 Section 9.15 REGISTRATION AND VOTING OF COMPANY COMMON STOCK. All Shares acquired by the Trustee
shall be held in the possession of the Trustee until disposed of pursuant to the provisions of the Plan or the Trust Agreement. Such Shares may be registered in the name of the Trustee or its nominee. Before each annual or special meeting of the
Company’s shareholders, the Trustee shall send to each Participant a copy of the proxy solicitation material therefor, together with a form requesting confidential instructions to the Trustee on how to vote the Shares credited to his Account.
Upon receipt of such instructions the Trustee shall vote the Shares as instructed. Any Shares held in Participants’ Accounts, as to which the Trustee does not receive instructions, shall be voted in proportion to the voting instructions the
Trustee has actually received in respect of Shares, unless the Trustee determines that to do so is not prudent, or the Trust provides otherwise. 
 Section 9.16 INDIVIDUAL STATEMENT. As determined by the Committee in its discretion, but within the time prescribed by ERISA and the regulations under ERISA, the Committee, or its designee,
shall furnish to each Participant (or Beneficiary of a deceased Participant) a statement reflecting the condition of his Accounts in the Trust Fund as of that date and such other information ERISA requires to be furnished the Participant or
Beneficiary. In addition, subject to the requirements of ERISA, the Committee shall provide to any Participant or Beneficiary of a deceased Participant who so requests in writing, a statement indicating the total value of his Accounts and the
Nonforfeitable portion of such Accounts, if any. The Committee shall also furnish a written statement to any Participant who terminates employment during the Plan Year and is entitled to a deferred Vested benefit under the Plan as of the end of the
Plan Year, if no retirement benefits have been paid with respect to such Participant during the Plan Year. No Participant, except a member of the Committee and its designees, shall have the right to inspect the records reflecting the Accounts of any
other Participant. A Participant or Beneficiary shall 

  
 48 

 
notify the Committee or Trustee in writing if he believes there is an error in the statement of his Accounts in the Plan no more than one year after the date the statement was issued. Each
statement of a Participant’s Accounts shall be deemed to be final and binding on the Participant or Beneficiary to whom it was issued upon the expiration of the one year period following the date the statement was issued. 

Section 9.17 FEES AND EXPENSES FROM FUND. The Trustee shall receive reasonable annual compensation as may be agreed upon
from time to time between the Employer and the Trustee. The Trustee shall pay all expenses reasonably incurred by it or by the Employer, the Committee or other professional advisers or administrators in the administration of the Plan from the Trust
Fund unless the Employer pays the expenses. The Committee shall not treat any fee or expense paid, directly or indirectly, by the Employer as an Employer contribution. No person who is receiving full pay from the Employer shall receive compensation
for services from the Trust Fund. Brokerage commissions, transfer taxes and other charges and expenses in connection with the purchase and sale of securities shall be charged to each Investment Fund and/or Participant’s Account, as applicable.
Fees related to investments subject to Participant direction, and other fees resulting from or attributable to expenses incurred in relation to a Participant or Beneficiary or his Account may be charged to his Account to the extent permitted under
the Code and ERISA. 
 Section 9.18 USE OF ALTERNATIVE MEDIA. The Committee may include in any process or
procedure for administering the Plan, the use of alternative media, including, but not limited to, telephonic, facsimile, computer or other such electronic means as available. Use of such alternative media shall be deemed to satisfy any Plan
provision requiring a “written” document or an instrument to be signed “in writing” to the extent permissible under the Code, ERISA and applicable regulations, including Treasury Regulations Section 1.401(a)-21. 

Section 9.19 PARTIES TO LITIGATION. Except as otherwise provided by ERISA, only the Employer, the Committee and the Trustee
shall be necessary parties to any court proceeding involving the Plan, any fiduciary of the Plan, the Trustee or the Trust Fund. No Participant, or Beneficiary, shall be entitled to any notice of process unless required by ERISA. Any final judgment
entered in any proceeding shall be conclusive upon the Employer, the Committee, the Trustee, Participants and Beneficiaries. 

Section 9.20 UNCLAIMED BENEFIT – PROCEDURE. The Plan does not require the Employer, the Trustee or the Committee to
search for, or ascertain the whereabouts of, any Participant or Beneficiary. It shall be the sole duty and responsibility of a Participant or Beneficiary to keep the Employer apprised of his whereabouts and of his most current mailing address.
Notwithstanding the foregoing, the Account of a Participant shall be forfeited if the Committee, after reasonable effort, is unable to locate the Participant or his Beneficiary to whom payment is due. The amount of the Forfeiture shall reduce the
Employer’s contributions under the Plan. However, any such forfeited Account (without interest) will be reinstated and become payable in accordance with the applicable terms of the Plan if a written claim is made by the Participant or
Beneficiary for such Account before his benefit has been escheated under applicable law and if such claim is approved. The Committee may prescribe uniform and nondiscriminatory rules for carrying out this provision. 

ARTICLE X 

TOP HEAVY RULES 
 Section 10.01 MINIMUM EMPLOYER CONTRIBUTION. If this Plan is Top Heavy, as defined below, in any Plan Year, the Plan guarantees a minimum contribution (subject to the provisions of this
Article X) of three percent of Compensation for each Non-Key Employee, as defined below, who is a Participant employed by the Employer on the last day of the Plan Year without regard to Hours of Service completed during the Plan Year or to whether
he has elected to make Salary Reduction Contributions under Section 3.02 of the Plan, and who is not a Participant in a Top Heavy defined benefit plan maintained by the Employer. Participants who also participate in a Top Heavy defined benefit
plan of the Employer shall receive the required minimum benefit in the defined benefit plan rather than in this Plan. The Plan satisfies the guaranteed minimum contribution for the Non-Key Employee if the Non-Key Employee’s contribution rate is
at least equal to the minimum contribution under this Plan or another plan that consists of a cash or deferred arrangement that satisfies the safe harbor requirements of Code Section 401(k)(12) and matching contributions that satisfy the safe
harbor requirements of Code Section 401(m)(11). For purposes of this paragraph, a Non-Key Employee Participant includes any Employee otherwise eligible to participate in the Plan but who is not a Participant because his Compensation does not
exceed a specified level. 

  
 49 

 If the contribution rate for the Key Employee, as defined below, with the highest
contribution rate is less than three percent, the guaranteed minimum contribution for Non-Key Employees shall equal the highest contribution rate received by a Key Employee. The contribution rate is the sum of Employer contributions (not including
Employer contributions to Social Security) and forfeitures allocated to the Participant’s Account for the Plan Year divided by his Compensation, as defined below, not in excess of the compensation limitation under Code Section 401(a)(17)
for the Plan Year. For purposes of determining the minimum contribution for a Plan Year, the Committee shall consider contributions made to any plan pursuant to a compensation reduction agreement or similar arrangement as Employer contributions. To
determine the contribution rate, the Committee shall consider all qualified Top Heavy defined contribution plans maintained by the Employer as a single plan. 
 Notwithstanding the preceding provisions of this Section 10.01, if a defined benefit plan maintained by the Employer that benefits a Key Employee depends on this Plan to satisfy the
anti-discrimination rules of Code Section 401(a)(4) or the coverage rules of Code Section 410 (or another plan benefiting the Key Employee so depends on such defined benefit plan), the guaranteed minimum contribution for a Non-Key Employee
is three percent of his Compensation regardless of the contribution rate for the Key Employees. 
 The minimum Employer
contribution required (to the extent required to be Nonforfeitable under Code Section 416(b)) may not be forfeited under Code Sections 411(a)(3)(B) or 411(a)(3)(D). 
 Section 10.02 ADDITIONAL CONTRIBUTION. If the contribution rate (excluding Salary Reduction Contributions) for the Plan Year with respect to a Non-Key Employee described in
Section 10.01 is less than the minimum contribution, the Employer will increase its contribution for such Employee to the extent necessary so his contribution rate for the Plan Year will equal the guaranteed minimum contribution. Matching
contributions will be taken into account to satisfy the minimum contribution requirement under the Plan, or if the Plan provides that the minimum contribution requirement shall be met in another plan, such other plan. Matching contributions that are
used to satisfy the minimum contribution requirements shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Code Section 401(m). The Committee shall allocate the additional
contribution to the Account of a Non-Key Employee for whom the Employer makes the contribution. 
 Section 10.03
DETERMINATION OF TOP HEAVY STATUS. The Plan is “Top Heavy” for a Plan Year if the Top Heavy ratio as of the Determination Date exceeds 60%. The Top Heavy ratio is a fraction, the numerator of which is the sum of the present
value of the Accounts of all Key Employees as of the Determination Date, and the denominator of which is a similar sum determined for all Employees. For purposes of determining the present value of the Accounts for the foregoing fraction, the
Committee shall include contributions due as of the Determination Date and distributions made for any purpose within the one-year period ending on the Determination Date. In addition, the Committee shall also include distributions made within the
five-year period ending on the Determination Date if such distributions were made for reasons other than upon Severance from Employment, death or Total and Permanent Disability (e.g., in-service withdrawals); provided, however, that no distribution
shall be counted more than once. In addition, the Committee shall calculate the Top Heavy ratio by disregarding the Account (including distributions, if any, of the Account balance) of an individual who has not received credit for at least one Hour
of Service with the Employer during the one-year period ending on the Determination Date in such calculation. The Committee shall calculate the Top Heavy ratio, including the extent to which it must take into account distributions, rollovers, and
transfers, in accordance with Code Section 416 and the Treasury Regulations thereunder. 
 If the Employer maintains other
qualified plans (including a simplified employee pension plan), this Plan is Top Heavy only if it is part of the Required Aggregation Group, and the Top Heavy ratio for both the Required Aggregation Group and the Permissive Aggregation Group exceeds
60%. The Committee shall calculate the Top Heavy ratio in the same manner as required by the first paragraph of this Section 10.03, taking into account all plans within the Aggregation Group. To the extent the Committee must take into account
distributions to a Participant, the Committee shall include distributions from a terminated plan that would have been part of the Required Aggregation Group if it were in existence on the Determination Date. The Committee shall calculate the present

  
 50 

 
value of accrued benefits and the other amounts the Committee must take into account, under defined benefit plans or simplified employee pension plans included within the group, in accordance
with the terms of those plans, Code Section 416 and the Treasury Regulations thereunder. If an aggregated plan does not have a valuation date coinciding with the Determination Date, the Committee shall value the accrued benefits or accounts in
the aggregated plan as of the most recent valuation date falling within the 12-month period ending on the Determination Date. The Committee shall calculate the Top Heavy ratio with reference to the Determination Dates that fall within the same
calendar year. 
 The accrued benefit of a Participant other than a Key Employee shall be determined under (A) the method,
if any, that uniformly applies for accrual purposes under all defined benefit plans maintained by the Employer, or (B) if there is no such method, as if such benefit accrued not more rapidly than the slowest accrual rate permitted under the
fractional rule of Code Section 411(b)(1)(C). 
 Section 10.04 TOP HEAVY VESTING SCHEDULE. For any Plan Year
for which the Plan is Top Heavy, as determined in accordance with this Article X, the Committee shall calculate a Participant’s Nonforfeitable percentage of his Regular Matching Contributions by applying the following schedule, to the extent
that such schedule provides for vesting at a rate that is more rapid than the rate otherwise applicable to the Participant’s benefit: 
  

					
	 Years of Service
	  	Percent
Nonforfeitable	 
	 Less than three (3)
	  	 	0	% 
	 At least three (3) or more
	  	 	100	% 

 Section 10.05
DEFINITIONS. For purposes of applying the provisions of this Article: 
 A. “Key Employee” means any
Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the Determination Date was an officer of the Employer having annual Compensation greater than $130,000 (as adjusted under Code
Section 416(i)(1) for Plan Years beginning after December 31, 2001 — e.g., $160,000 in 2010), a five-percent owner of the Employer, or a one-percent owner of the Employer having annual Compensation of more than $150,000. The
constructive ownership rules of Code Section 318 (or the principles of that Section, in the case of an unincorporated Employer) will apply to determine ownership in the Employer. The determination of who is a Key Employee shall be made in
accordance with Code Section 416(i)(1) and the Treasury Regulations under that Code Section. 
 B. “Non-Key
Employee” is an Employee who does not meet the definition of Key Employee. 
 C. “Compensation” means
Compensation as defined in Section 1.48 of the Plan. 
 D. “Required Aggregation Group” means: 

 

	 	(i)	each qualified plan of the Employer in which at least one Key Employee participates at any time during the five Plan Year period ending on the Determination Date; and

  

	 	(ii)	any other qualified plan of the Employer that enables a plan described in (i) to meet the requirements of Code Sections 401(a)(4) or 410. 

The Required Aggregation Group includes any plan of the Employer which was maintained within the last five years ending on the
Determination Date on which a top heaviness determination is being made if such plan would otherwise be part of the Required Aggregation Group for the Plan Year but for the fact it has been terminated. 

E. “Permissive Aggregation Group” is the Required Aggregation Group plus any other qualified plans maintained by the
Employer, but only if such group would satisfy in the aggregate the requirements of Code Sections 401(a)(4) and 410. The Committee shall determine which plans to take into account in determining the Permissive Aggregation Group. 

  
 51 

 F. “Employer” means all the members of a controlled group of corporations
(as defined in Code Section 414(b)), of a commonly controlled group of trades or businesses (whether or not incorporated) (as defined in Code Section 414(c)), or an affiliated service group (as defined in Code Section 414(m)), of
which the Employer is a part. However, the Committee shall not aggregate ownership interests in more than one member of a related group to determine whether an individual is a Key Employee because of his ownership interest in the Employer.

 G. “Determination Date” for any Plan Year, is the last day of the preceding Plan Year or, in the case of the
first Plan Year of the Plan, the last day of that Plan Year. 
 Section 10.06 TOP HEAVY PROVISIONS INAPPLICABLE.
Effective for Plan Years beginning on and after January 1, 2008, the Plan is a cash or deferred arrangement described in Code Section 416(g)(4)(H) and, as a result, is deemed to be other than a top-heavy plan. 

ARTICLE XI 

MISCELLANEOUS 
 Section 11.01 EVIDENCE. Anyone required to give evidence under the terms of the Plan may do so by certificate, affidavit, document or other information that the person to act in reliance may
consider pertinent, reliable and genuine, and to have been signed, made or presented by the proper party or parties. The Employer, the Committee and the Trustee shall be fully protected in acting and relying upon any evidence described under the
immediately preceding sentence. 
 Section 11.02 NO RESPONSIBILITY FOR EMPLOYER ACTION. Neither the Trustee nor
the Committee shall have any obligation or responsibility with respect to any action required by the Plan to be taken by the Employer, any Participant or eligible Employee, nor for the failure of any of the above persons to act or make any payment
or contribution, or otherwise to provide any benefit contemplated under this Plan, nor shall the Trustee or the Committee be required to collect any contribution required under the Plan (unless otherwise provided herein), or determine the
correctness of the amount of any Employer contribution. Neither the Trustee nor the Committee need inquire into or be responsible for any action or failure to act on the part of the others, or on the part of any other person who has any
responsibility regarding the management, administration or operation of the Plan, whether by the express terms of the Plan or by a separate agreement authorized by the Plan or by the applicable provisions of ERISA. Any action required of the
Employer shall be by its Board or by its designee. 
 Section 11.03 FIDUCIARIES NOT INSURERS. The Trustee, the
Committee and the Employer in no way guarantee the Trust Fund from loss or depreciation. The Employer does not guarantee the payment of any money that may be or becomes due to any person from the Trust Fund. The liability of the Committee and the
Trustee to make any payment from the Trust Fund at any time and all times is limited to the then available assets of the Trust. 

Section 11.04 WAIVER OF NOTICE. Any person entitled to notice under the Plan may waive the notice, unless the Code or
Treasury Regulations issued thereunder require the notice, or ERISA specifically or impliedly prohibits such a waiver. 

Section 11.05 SUCCESSORS. The Plan shall be binding upon all persons entitled to benefits under the Plan, their respective
heirs and legal representatives, upon the Employer, its successors and assigns, and upon the Trustee, the Committee and their successors. 
 Section 11.06 WORD USAGE. Words used in the masculine also apply to the feminine or neuter where applicable, and wherever the context of the Plan dictates, the plural includes the singular
and the singular includes the plural. 

  
 52 

 Section 11.07 HEADINGS. The headings are for reference only. In the event of a
conflict between a heading and the content of a Section, the content of the Section shall control. 
 Section 11.08
STATE LAW. Ohio law shall determine all questions arising with respect to the provisions of this agreement except to the extent a federal statute supersedes Ohio law. 
 Section 11.09 EMPLOYMENT NOT GUARANTEED. Nothing contained in this Plan, and nothing with respect to the establishment of the Trust, any modification or amendment to the Plan or the Trust,
the creation of any Account, or the payment of any benefit, shall give any Employee, Employee-Participant or Beneficiary any right to continue employment, or any legal or equitable right against the Employer, an Employee of the Employer, the
Trustee, the Committee, or agents or employees of such individuals or entities. Nothing in the Plan shall be deemed or construed to impair or affect in any manner the right of the Employer, in its discretion, to hire Employees and, with or without
cause, to discharge or terminate the service of Employees. 
 Section 11.10 SEVERABILITY. In the event any
provision of this Plan shall be held illegal or invalid for any reason, such illegal or invalid provision shall not affect the remaining parts of this Plan and the Plan shall be construed and enforced as if such illegal or invalid provision had
never been inserted herein. 
 ARTICLE XII 
 EXCLUSIVE BENEFIT, AMENDMENT, TERMINATION 
 Section 12.01
EXCLUSIVE BENEFIT. Except as provided herein, the Employer shall have no beneficial interest in any asset of the Trust and no part of any asset in the Trust shall ever revert to or be repaid to the Employer, either directly or indirectly; nor
prior to the satisfaction of all liabilities with respect to the Participants and their Beneficiaries under the Plan, shall any part of the corpus or income of the Trust Fund, or any asset of the Trust, be (at any time) used for, or diverted to,
purposes other than the exclusive benefit of the Participants or their Beneficiaries. 
 Section 12.02 AMENDMENT BY
EMPLOYER. The Employer or the Committee shall have the right at any time and from time to time: 
 A. to amend this
agreement in any manner it deems necessary or advisable in order to qualify (or maintain qualification of) this Plan and the Trust created under it under the appropriate provisions of the Code; and 

B. to amend this agreement in any other manner. 
 However, no amendment shall authorize or permit any part of the Trust Fund (other than the part required to pay taxes and administration expenses) to be used for or diverted to purposes other than for the
exclusive benefit of the Participants or their Beneficiaries or estates. No amendment shall cause or permit any portion of the Trust Fund to revert to or become a property of the Employer; and the Employer shall not make any amendment that affects
the rights, duties or responsibilities of the Committee without the written consent of the affected member of the Committee. Furthermore, no amendment shall decrease a Participant’s Account balance or accrued benefit or reduce or eliminate any
benefits protected under Code Section 411(d)(6) with respect to a Participant with an Account balance or accrued benefit at the date of the amendment, except to the extent permitted under Code Section 412(c)(8). 

The Employer shall make all amendments in writing. Such amendment authority shall be exercised only by action of the Board of Directors,
except that effective December 1, 2010, the Committee shall have the right to make (a) any amendment that may be necessary or desirable to ensure the continued qualified of the Plan and its related trust under the Code or which may be
necessary to comply with the requirements of ERISA, or any regulations or interpretations issued by the Department of Labor or the IRS with respect to the requirements of ERISA or the Code; (b) any amendment that will not involve an estimated
annual cost under the Plan (determined at the time of the amendment) in excess of $500,000; and (c) any amendment that does not result in a material change to the Plan, as determined by the Committee in its discretion based on advice received
from the Employer’s legal counsel or the 

  
 53 

 
Plan’s actuary, legal counsel or other third-party consultant, without further approval or action by the Board. Such amendment will be reviewed according to the procedures established by the
Committee and upon appropriate review and recommendation, may be executed by the person then service as the Employer’s Chief Executive Officer or Chief Human Resources Officer. Each amendment shall state the date to which it is either
retroactively or prospectively effective. No verbal representation shall act to amend the Plan in any manner or at any time. 

Section 12.03 AMENDMENT TO VESTING PROVISIONS. Although the Employer reserves the right to amend the vesting provisions at
any time, the Committee shall not apply an amended vesting schedule to reduce the Nonforfeitable percentage of any Participant’s Account derived from Employer contributions (determined as of the later of the date the Employer adopts the
amendment, or the date the amendment becomes effective) to a percentage less than the Nonforfeitable percentage computed under the Plan without regard to the amendment. An amended vesting schedule will apply to a Participant only if the Participant
receives credit for at least one Hour of Service after the new schedule becomes effective. 
 If the Employer makes a
permissible amendment to the vesting provisions, each Participant having at least three Years of Service for vesting purposes with the Employer may elect to have the percentage of his Nonforfeitable Account balance computed under the Plan without
regard to the amendment. The Participant must file his election with the Employer within 60 days of the latest of: 
 A. the
Employer’s adoption of the amendment; 
 B. the effective date of the amendment; or 

C. his receipt of a copy of the amendment. 
 The Committee, as soon as practicable, shall forward a true copy of any amendment to the vesting schedule to each affected Participant, together with an explanation of the effect of the amendment, the
appropriate form upon which the Participant may make an election to remain under the vesting schedule provided under the Plan prior to the amendment and notice of the time within which the Participant must make an election to remain under the prior
vesting schedule. The election described in this Section 12.03 does not apply to a Participant if the amended vesting schedule provides for vesting that is at least as rapid at all times as the vesting schedule in effect prior to the amendment.
For purposes of this Section 12.03, an amendment to the vesting schedule includes any amendment that directly or indirectly affects the computation of the Nonforfeitable percentage of an Employee’s rights to his Employer-derived Account.

 Section 12.04 DISCONTINUANCE. The Employer shall have the right, at any time, to suspend or discontinue its
contributions under the Plan, and the Employer (acting through the Board) shall have the right to terminate, at any time, this Plan and the Trust created under this agreement. The Plan shall terminate upon the first to occur of the following:
(A) the date terminated by action of the Employer; or (B) the dissolution, merger, consolidation or reorganization of the Employer or the sale by the Employer of all or substantially all of its assets, unless the successor or purchaser
makes provision to continue the Plan, in which event the successor or purchaser shall substitute itself as the Employer under this Plan. 
 Section 12.05 FULL VESTING ON TERMINATION. Notwithstanding any other provision of this Plan to the contrary, upon either full or partial termination of the Plan, or, if applicable, upon the
date of complete discontinuance of contributions to the Plan, an affected Participant’s right to his Account shall be 100% Nonforfeitable. 
 Section 12.06 MERGER, DIRECT TRANSFER AND ELECTIVE TRANSFER. The Trustee shall not consent to, or be a party to, any merger or consolidation with another plan, or to a transfer of assets or
liabilities to another plan, unless immediately after the merger, consolidation or transfer, the surviving plan provides each Participant a benefit equal to or greater than the benefit each Participant would have received had the Plan terminated
immediately before the merger or consolidation or transfer. Upon the consent or the direction of the Committee, the Trustee possesses the specific authority to enter into merger agreements or agreements for the direct transfer of assets with the
trustee of other retirement plans described in Code Section 401(a) and to accept the direct transfer of plan assets, or to transfer plan assets, as a party to any such agreement. 

  
 54 

 If permitted by the Committee in its discretion, the Trustee may accept a direct transfer of
plan assets on behalf of an Employee prior to the date the Employee satisfies the Plan’s eligibility condition(s). If the Trustee accepts such a direct transfer of plan assets, the Committee and the Trustee shall treat the Employee as a
Participant for all purposes of the Plan except that the Employee shall not share in Employer contributions under the Plan until he actually becomes a Participant in the Plan. The Trustee shall hold, administer and distribute the transferred assets
as a part of the Trust Fund, and the Trustee shall maintain a separate Transfer Account for the benefit of the Employee on whose behalf the Trustee accepted the transfer in order to reflect the value of the transferred assets. 

The Trustee may not consent to, or be a party to, a merger, consolidation or transfer of assets with a defined benefit plan, except with
respect to an elective transfer, unless the Committee consents and so directs, and the transfer is consistent with the Code and with ERISA. The Trustee will hold, administer and distribute the transferred assets as a part of the Trust Fund, and the
Trustee shall maintain a separate Transfer Account for the benefit of the Employee on whose behalf the Trustee accepted the transfer in order to reflect the value of the transferred assets. Unless a transfer of assets to this Plan is an elective
transfer, the Plan will preserve all Code Section 411(d)(6) protected benefits with respect to those transferred assets. 

A transfer is an elective transfer if: (A) the transfer satisfies the first paragraph of this Section 12.06; (B) the
transfer is voluntary, under a fully informed election by the Participant; (C) the Participant has an alternative that retains his Code Section 411(d)(6) protected benefits (including an option to leave his benefit in the transferor plan,
if that plan is not terminating); (D) the transfer satisfies the applicable spousal consent requirements of the Code; (E) the transferor plan satisfies the joint and survivor notice requirements of the Code, if the Participant’s
transferred benefit is subject to those requirements; (F) the Participant has a right to immediate distribution from the transferor plan, in lieu of the elective transfer; (G) the transferred benefit is at least the greater of the single
sum distribution provided by the transferor plan for which the Participant is eligible or the present value of the Participant’s accrued benefit under the transferor plan payable at that plan’s normal retirement age; (H) the
Participant has a 100% nonforfeitable interest in the transferred benefit; and (I) the transfer otherwise satisfies applicable Treasury Regulations. An elective transfer may occur between qualified plans of any type. 

If the Plan receives a direct transfer (by merger or otherwise) of elective contributions (or amounts treated as elective contributions)
under a plan with a Code Section 401(k) arrangement, the distribution restrictions of Code Sections 401(k)(2) and (10) continue to apply to those transferred elective contributions. 

Section 12.07 TERMINATION. Upon termination of the Plan, the distribution provisions of the Plan shall remain operative,
except that: 
 A. if the present value of the Participant’s Nonforfeitable Account does not exceed $1,000 or less ($5,000
prior to March 28, 2005), the Committee will direct the Trustee to distribute the Participant’s Nonforfeitable Account to him in a lump sum as soon as administratively practicable after the Plan terminates; 

B. if the present value of the Participant’s Nonforfeitable Account is greater than $1,000 and less than or equal to $5,000, the
Committee will direct the Trustee to distribute the Participant’s Nonforfeitable Account to him in a lump sum as soon as administratively feasible after the Plan terminates, or, if the Participant does not consent to receipt of such
distribution, the Committee will direct the Trustee to distribute the Nonforfeitable Account to an individual retirement account in the Participant’s name designated by the Plan in a manner consistent with the rules established under Code
Section 401(a)(31)(B); and 
 C. if the present value of the Participant’s Nonforfeitable Account exceeds $5,000, the
Participant or the Beneficiary, in addition to the distribution events permitted under Article V, may elect to have the Trustee commence distribution of his Nonforfeitable Account as soon as administratively practicable after the Plan terminates.

  
 55 

 The Trust shall continue until the Trustee, after written direction from the Committee, has
distributed all of the benefits under the Plan. To liquidate the Trust, the Committee may, in its discretion, purchase a deferred annuity contract for each Participant which protects the Participant’s distribution rights under the Plan, if the
Participant’s Nonforfeitable Account exceeds $5,000 and the Participant does not elect an immediate distribution pursuant to this Section 12.07. Upon termination of the Plan, the amount, if any, in a suspense account under Article IV shall
revert to the Employer, subject to the conditions of the Treasury Regulations permitting such a reversion. 
 The Employer has executed this
Plan on the date set forth below. 
  

			
	STATE AUTO PROPERTY AND CASUALTY INSURANCE COMPANY
		
	By:	 	/s/ James A. Yano
	Its:	 	Vice President and General Counsel
	Date:	 	December 15, 2010

  
 56 

 SCHEDULE I 
 LIMITATIONS ON CONTRIBUTIONS AND ALLOCATIONS 
 Section I.01
LIMITATIONS APPLICABLE TO SALARY REDUCTION CONTRIBUTIONS. The provisions of this section are effective for plan years prior to January 1, 2008. 
 A. Definitions. For purposes of this Schedule I, the following definitions shall apply: 
  

	 	(i)	“Actual Deferral Percentage” means, for each Plan Year, the average of the ratios (calculated separately for each Participant in a specified group) of:

  

	 	1.	the amount of Salary Reduction Contributions (including Excess Compensation Deferrals) actually paid over to the Trust Fund on behalf of each such Participant for such
Plan Year, to 

  

	 	2.	the Participant’s Test Compensation for such Plan Year (whether or not the Employee was a Participant for the entire Plan Year), or alternatively, the
Employee’s Test Compensation for such Plan Year for the period during which he was a Participant in the Plan, as elected by the Employer on a uniform, nondiscriminatory basis for any Plan Year. 

Notwithstanding the foregoing, for purposes of calculating the above-described ratio, the Plan shall exclude the following:
(a) Salary Reduction Contributions that are taken into account in the Actual Contribution Percentage test (provided the Actual Deferral Percentage test is satisfied both with and without exclusion of these Salary Reduction Contributions,
(b) Catch-Up Contributions, and (c) Salary Reduction Contributions made pursuant to Code Section 414(u) by reason of Qualified Military Service (within the meaning of Code Section 414(u)). For purposes of computing Actual
Deferral Percentages, an eligible Employee who would be a Participant but for the failure to make Salary Reduction Contributions shall be treated as a Participant on whose behalf no Salary Reduction Contributions are made. 

 

	 	(ii)	“Excess Compensation Deferrals” means with respect to any Plan Year, the excess of: 

 

	 	1.	the aggregate amount of Employer contributions actually taken into account in computing the Actual Deferral Percentage of Highly Compensated Employees for such Plan
Year, over 

  

	 	2.	the maximum amount of such contributions permitted by the Actual Deferral Percentage test (determined by reducing contributions made on behalf of Highly Compensated
Employees in order of their Actual Deferral Percentages, beginning with the highest of such percentages). 

 B.
Actual Deferral Percentage Test. In any Plan Year in which the Actual Deferral Percentage for the group of Highly Compensated Employees, taking into account Employee elections, would be more than the greater of: 

 

	 	(i)	the Actual Deferral Percentage for the group of Non-highly Compensated Employees for the current or preceding Plan Year, as applicable (as set forth in Section I.08 of
this Schedule I to the Plan), multiplied by 1.25, or 

  

	 	(ii)	the lesser of two percent plus the Actual Deferral Percentage for the group of Non-highly Compensated Employees for the current or preceding Plan Year (as set forth in
Section I.08 of this Schedule I) or the Actual Deferral Percentage for the group of Non-highly Compensated Employees for the current or preceding Plan Year (as set forth in Section I.08 of this Schedule I) multiplied by two,

  
 57 

 the deferral elections of the Highly Compensated Employees shall be reduced to the extent necessary so that
the Actual Deferral Percentage for the group of Highly Compensated Employees is not more than the greater of subparagraphs (i) or (ii) of this subsection B. Under such reduction, the dollar amount of the Excess Compensation Deferrals is
determined as described in subsection A.(ii) above. Next, the Salary Reduction Contributions of the Highly Compensated Employee with the highest dollar amount of Salary Reduction Contributions (not necessarily the Highly Compensated Employee with
the highest Actual Deferral Percentage) is reduced to the extent required to equal the maximum deferral dollar amount for Highly Compensated Employees permitted by subparagraphs (i) or (ii) of this subsection B., or to cause such Highly
Compensated Employee’s Salary Reduction Contributions to equal the dollar amount of the Salary Reduction Contributions of the Highly Compensated Employee with the next highest dollar amount of Salary Reduction Contributions, whichever is less.
This process is repeated until the aggregate dollar amount of all Highly Compensated Employee Salary Reduction Contributions are reduced to an amount that will cause the dollar amount of the Salary Reduction Contributions for all Highly Compensated
Employees in the aggregate to equal the dollar amount of Salary Reduction Contributions that will cause the average of the Actual Deferral Percentages for the group of Highly Compensated Employees to equal the maximum amount permitted under this
Section. 
 C. Testing Groups. The Actual Deferral Percentage test may be performed separately with respect to those
Participants who have met the minimum age and service requirements of Code Section 410(a)(1)(A) from those who have not met such requirements. 
 D. Code Section 415 Limitation. The Employer shall not make a contribution to the Trust to the extent the contribution would exceed the Participant’s Maximum Permissible Amount described
in this Schedule I. 
 E. Multiple Code Section 401(k) Plans. The Actual Deferral Percentage for any Participant who
is a Highly Compensated Employee for the Plan Year and who is eligible to have Salary Reduction Contributions allocated to his Accounts under two or more arrangements described in Code Section 401(k) that are maintained by the Employer, shall
be determined as if such Salary Reduction Contributions were made under a single arrangement. If a Highly Compensated Employee participates in two or more cash or deferred arrangements that have different Plan Years, all cash or deferred
arrangements ending with or within the same calendar year shall be treated as a single arrangement. Notwithstanding the foregoing, cash or deferred arrangements under plans that are not permitted to be aggregated under Treasury Regulations
Section 1.401(k)-1(b)(4) (determined without regard to the prohibition on aggregating plans with inconsistent testing methods set forth in Treasury Regulations Section 1.401(k)-1(b)(4)(iii)(B) and the prohibition on aggregating plans with
different plan years set forth in Treasury Regulations Section 1.410(b)-7(d)(5)) are not aggregated for purposes of determining a Highly Compensation Employee’s Actual Deferral Percentage. 

F. Optional Plan Aggregation. In the event that this Plan satisfies the requirements of Code Sections 401(k), 401(a)(4) or 410(b)
only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such sections of the Code only if aggregated with this Plan, then this Section shall be applied by determining the Actual Deferral Percentage
of Employees as if all such plans were a single plan. Plans may be aggregated in order to satisfy Code Section 401(k) only if they have the same Plan Year. 
 G. Time for Making Contributions. For purposes of determining the Actual Deferral Percentage test, Salary Deferral Contributions must be made before the last day of the 12-month period immediately
following the Plan Year to which such contributions relate. Salary Reduction Contributions must, in any event, be paid over by the Employer to the Trustee as soon as such amounts can reasonably be segregated from the Employer’s general assets,
but in no event later than 15 business days after the end of the calendar month in which the Salary Reduction Contributions were withheld from the Participant’s Compensation. 

H. Recordkeeping. The Committee shall maintain records sufficient to demonstrate satisfaction of the Actual Deferral Percentage
test. 

  
 58 

 I. Compliance with the Code. The determination and treatment of the Actual Deferral
Percentage amounts of any Participant shall satisfy such other requirements as may be prescribed by the Secretary of the Treasury. In performing the required testing hereunder, any variations in procedures or methods permitted under the Code and
applicable Treasury Regulations may be employed. 
 Section I.02 DISTRIBUTION OF EXCESS COMPENSATION DEFERRALS.
Notwithstanding any other provision of this Plan, Excess Compensation Deferrals, plus any income and minus any loss allocable thereto, shall be distributed no later than the last day of each Plan Year to Participants to whose Accounts such Excess
Compensation Deferrals were allocated for the preceding Plan Year. Whenever possible, however, such distributions shall be made within two and one-half months after the end of the Plan Year during which the Excess Compensation Deferrals occurred.
Such distributions shall be made to Highly Compensated Employees on the basis of the respective portions of the Excess Compensation Deferrals attributable to each of such Employees under the methodology described above. Excess Compensation Deferrals
shall be treated as Annual Additions under the Plan. 
 A. Determination of Income or Loss. Excess Compensation Deferrals
shall be adjusted for any income or loss. Such adjustments shall include any income or loss through the end of the Plan Year in which the excess arose. For corrective distributions that are made for Plan years beginning on and after January 1,
2006 and prior to January 1, 2008, such adjustments shall also include any income or loss for the period from the end of the taxable year in which the excess arose up to the date of distribution (or up to a date that is no more than seven days
before the date of the corrective distribution) (the “Gap Period”). Gap Period adjustments shall not be made for Plan Years beginning on and after January 1, 2008. For Plan Years beginning prior to January 1, 2006, Gap
Period adjustments were made only in the discretion of the Committee. The income or loss allocable to Excess Compensation Deferrals is the sum of: (i) income or loss allocable to the Participant’s Salary Reduction Contribution Account for
the Plan Year multiplied by a fraction, the numerator of which is such Participant’s Excess Compensation Deferrals for the year and the denominator of which is the Participant’s Account balance attributable to Salary Reduction
Contributions without regard to any income or loss occurring during such Plan Year; and (ii) if the corrective distribution is to be adjusted for income or loss during the Gap Period, ten percent of the amount determined under
(i) multiplied by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the 15th day of such month. Alternatively, the Committee may
determine the income or loss allocable to Excess Compensation Deferrals under any reasonable method that does not violate the general nondiscrimination rules of Code Section 401(a)(4), is used consistently for all Participants and for all such
corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income to Participants’ Accounts. 
 B. Accounting for Excess Compensation Deferrals. Excess Compensation Deferrals shall be distributed from the Participant’s Salary Reduction Contributions Account in proportion to the
Participant’s Salary Reduction Contributions for the Plan Year. 
 Section I.03 DOLLAR LIMITATIONS ON ELECTIVE
DEFERRALS. 
 A. Definitions. 
  

	 	(i)	“Elective Deferrals” means any Employer contributions made to the Plan at the election of the Participant, in lieu of cash compensation, and shall
include contributions made pursuant to a compensation reduction agreement or other deferral mechanism. With respect to any taxable year, a Participant’s Elective Deferral is the sum of all employer contributions made on behalf of such
Participant pursuant to an election to defer under any qualified cash or deferred arrangement as described in Code Section 401(k), any simplified employee pension cash or deferred arrangement as described in Code Section 402(h)(1)(B), any
SIMPLE IRA described in Code Section 408(p), any eligible deferred compensation plan under Code Section 457, any plan as described under Code Section 501(c)(18) and any employer contributions made on the behalf of a Participant for
the purchase of an annuity contract under Code Section 403(b) pursuant to a compensation reduction agreement. 

  
 59 

	 	(ii)	“Excess Elective Deferrals” means those Elective Deferrals that are includible in a Participant’s gross income under Code Section 402(g) to
the extent such Participant’s Elective Deferrals for a taxable year exceed the dollar limitation under such Code Section. Excess Elective Deferrals shall be treated as Annual Additions under the Plan, except to the extent they are distributed
pursuant to subsection C. below. 

 B. Prohibition of Deferrals in Excess of Code Section 402(g) Dollar
Limitations. No Participant shall be permitted to have Elective Deferrals made under this Plan, or any other qualified plan, during any taxable year, in excess of the dollar limitation contained in Code Section 402(g) (as adjusted for
increases in the cost-of-living) in effect at the beginning of such taxable year, except to the extent Catch-Up Contributions are permitted to be made to the Plan, as described in Code Section 414(v), or, effective for Plan Years on or after
January 1, 2006, such Elective Deferrals are made by reason of a Participant’s qualified military service under Code Section 414(u). 
 C. Distribution of Excess Elective Deferrals. A Participant may assign to this Plan any Excess Elective Deferrals made during a taxable year of the Participant by notifying the Committee on or
before March 15 of the following taxable year of the amount of the Excess Elective Deferrals to be assigned to the Plan. 

Notwithstanding any other provision of the Plan, Excess Elective Deferrals, plus any income and minus any loss allocable thereto, shall
be distributed no later than April 15 to any Participant to whose Account Excess Elective Deferrals were assigned for the preceding year and who claims Excess Elective Deferrals for such taxable year. 

D. Determination of Income or Loss: Excess Elective Deferrals shall be adjusted for any income or loss. Such adjustments shall
include any income or loss through the end of the Plan Year in which the excess arose. For corrective distributions that are made for the Plan Year beginning January 1, 2007, such adjustments shall also include any income or loss for the Gap
Period. Gap Period adjustments shall not be made for Plan Years beginning on and after January 1, 2008. For Plan Years beginning prior to January 1, 2007, Gap Period adjustments are made only in the discretion of the Committee. The income
or loss allocable to Excess Elective Deferrals is the sum of (i) income or loss allocable to the Participant’s Elective Deferral Account for the taxable year multiplied by a fraction, the numerator of which is such Participant’s
Excess Elective Deferrals for the year and the denominator of which is the Participant’s Account balance attributable to Elective Deferrals without regard to any income or loss occurring during such taxable year; and (ii) if the
distribution is to be adjusted for income or loss during the Gap Period, ten percent of the amount determined under (i) multiplied by the number of whole calendar months between the end of the Participant’s taxable year and the date of
distribution, counting the month of distribution if distribution occurs after the 15th day of such month. Alternatively, the Committee may determine the income or loss allocable to Excess Elective Deferrals under any reasonable method that does not
violate the general nondiscrimination rules of Code Section 401(a)(4), is used consistently for all Participants and for all such corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income to
Participants’ Accounts. 
 Participants who claim Excess Elective Deferrals for the preceding taxable year must submit
their claims in writing to the Committee by March 15 of the calendar year following the Plan Year in which such Excess Elective Deferrals are claimed to have been made. 
 Section I.04 LIMITATIONS APPLICABLE TO REGULAR MATCHING AND SUPPLEMENTAL PARTICIPANT CONTRIBUTIONS. The provisions of this section are effective for plan years beginning prior to
January 1, 2008. 
 A. Definitions. For purposes of this Section, the following definitions shall apply: 

 

	 	(i)	“Aggregate Limit” means the greater of: 

  

	 	1.	 the sum of (a) 125% of the greater of the Actual Deferral Percentage of the Non-highly Compensated Employees for the current or preceding Plan
Year (as set forth in Section I.08 of this Schedule I) or the Actual Contribution Percentage of Non-highly Compensated Employees under the Plan subject to Code Section 

  
 60 

	 	 
401(m) for the current or preceding Plan Year (as set forth in Section I.08) and (b) the lesser of 200% or two plus the lesser of such Actual Deferral Percentage or Actual Contribution
Percentage; or 

  

	 	2.	the sum of (a) 125% of the lesser of the Actual Deferral Percentage of the Non-highly Compensated Employees for the current or preceding Plan Year (as set forth in
Section I.08 of this Schedule I) or the Actual Contribution Percentage of Non-highly Compensated Employees under the Plan subject to Code Section 401(m) for the current or preceding Plan Year (as set forth in Section I.08 of this Schedule I),
and (b) the lesser of 200% or two plus the greater of such Actual Deferral Percentage or Actual Contribution Percentage. 

  

	 	(ii)	“Actual Contribution Percentage” means the average of the Contribution Percentages of the Eligible Participants in a group. 

 

	 	(iii)	“Contribution Percentage” means the ratio (expressed as a percentage) of the Participant’s Contribution Percentage Amounts to either (1) the
Eligible Employee’s Test Compensation for the Plan Year (whether or not the Employee was a Participant for the entire Plan Year) or (2) the Eligible Employee’s Test Compensation for the Plan Year for the period during with he was a
Participant in the Plan, as elected by the Employer on a uniform, nondiscriminatory basis for the Plan Year. 

  

	 	(iv)	“Contribution Percentage Amounts” means the sum of the Matching and Supplemental Participant Contributions (to the extent not taken into account for
purposes of the Actual Deferral Percentage test) made under the Plan on behalf of the Participant for the Plan Year. Such Contribution Percentage Amounts shall not include: 

 

	 	1.	Safe Harbor Matching or Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are
Excess Compensation Deferrals, Excess Elective Deferrals, or Excess Aggregate Contributions; 

  

	 	2.	Safe Harbor Matching or Matching Contributions made by reason of an eligible Employee’s qualified military service under Code Section 414(u); and

  

	 	3.	disproportionate target Safe Harbor Matching or Matching Contributions as described in Treasury Regulations Section 1.401(m)-2(a)(5)(ii). 

Notwithstanding the foregoing, such Contribution Percentage Amounts shall include forfeitures of Excess Aggregate Contribution Percentage
Amounts allocated to the Participant’s Account, which shall be taken into account in the year in which such forfeiture is allocated. If it so desires, the Employer may elect to use Salary Reduction Contributions in the Contribution Percentage
Amounts so long as the Actual Deferral Percentage test is met before the Salary Reduction Contributions are used in the Actual Contribution Percentage test and continues to be met following the exclusion of those Salary Reduction Contributions that
are used to meet the Actual Contribution Percentage test. 
  

	 	(v)	“Excess Aggregate Contributions” means, with respect to any Plan Year, the excess of: 

 

	 	1.	the aggregate Contribution Percentage Amounts taken into account in computing the numerator of the Actual Contribution Percentage actually made on behalf of Highly
Compensated Employees for such Plan Year, over 

  
 61 

	 	2.	the maximum Contribution Amounts permitted by the Actual Contribution Percentage test (determined by reducing contributions made on behalf of Highly Compensated
Employees in order of their Contribution Percentages beginning with the highest of such percentages). 

 Such
determination shall be made after first determining Excess Compensation Deferrals pursuant to Section I.01 above. After making such determination, the dollar amount of the Excess Aggregate Contributions shall be determined. The Excess Aggregate
Contributions, on a dollar amount basis, shall be allocated to the Account(s) of the Highly Compensated Participant(s) with the highest dollar amount of Contribution Percentage Amounts allocated to his Account(s) in a reverse leveling process
similar to the one described in Section I.01 of the Plan applicable to Salary Reduction Contributions. 
  

	 	(vi)	“Matching Contribution” means an Employer contribution (other than a Safe Harbor Matching Contribution) made to this or any other defined contribution
plan on behalf of a Participant on account of a Supplemental Participant Contribution made by such Participant, or on account of a Participant’s Salary Reduction Contributions under a Plan maintained by the Employer. 

B. Actual Contribution Percentage Test. Unless the requirements of Code Section 401(m)(11) are satisfied for a Plan Year, the
Actual Contribution Percentage for Participants who are Highly Compensated Employees for each Plan Year and the Actual Contribution Percentage for Participants who are Non-highly Compensated Employees for the current or preceding Plan Year (as set
forth in this Schedule I) must satisfy one of the following tests: 
  

	 	(i)	the Actual Contribution Percentage for Participants who are Highly Compensated Employees for the Plan Year shall not exceed the Actual Contribution Percentage for
Participants who are Non-highly Compensated Employees for the current or preceding Plan Year (as set forth on this Schedule I) multiplied by 1.25; or 

  

	 	(ii)	the Actual Contribution Percentage for Participants who are Highly Compensated Employees for the Plan Year shall not exceed the Actual Contribution Percentage for
Participants who are Non-highly Compensated Employees for the current or preceding Plan Year (as set forth on this Schedule I) multiplied by two, provided that the Actual Contribution Percentage for Participants who are Highly Compensated Employees
does not exceed such Actual Contribution Percentage for Participants who are Non-highly Compensated Employees by more than two percentage points. 

 C. Testing Groups. The Actual Contribution Percentage test may be performed separately with respect to those Participants who have met the minimum age and service requirements of Code
Section 410(a)(1)(A) from those who have not met such requirements. 
 D. Aggregation of Contribution Percentage
Amounts. For purposes of this Section, the Contribution Percentage for any Participant who is a Highly Compensated Employee and who is eligible to have Contribution Percentage Amounts allocated to his Account under two or more Plans described in
Code Section 401(a) or arrangements described in Code Section 401(k) that are maintained by the Employer, shall be determined as if the total of such Contribution Percentage Amounts was made under each plan. If a Highly Compensated
Employee participates in two or more cash or deferred arrangements that have different plan years, all Employer Matching Contributions made under each such plan during the plan year of the plan being tested shall be aggregated in determining the
Participant’s Contribution Percentage. Notwithstanding the foregoing, contributions under plans that are not permitted to be aggregated under Treasury Regulations Section 1.401(m)-1(b)(4) (determined without regard to the prohibition on
aggregating plans with inconsistent testing methods set forth in Treasury Regulations Section 1.401(m)-1(b)(4)(iii)(B) and the prohibition on aggregating plans with different plan years set forth in Treasury Regulations
Section 1.410(b)-7(d)(5)) are not aggregated for purposes of determining a Highly Compensated Employee’s Contribution Percentage. 

  
 62 

 E. Aggregation of Plans. In the event that this Plan satisfies the requirements of
Code Sections 401(m), 401(a)(4) or 410(b) only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such sections of the Code only if aggregated with this Plan, then this Section shall be applied by
determining the Contribution Percentage of Employees as if all such plans were a single plan. Plans may be aggregated in order to satisfy Code Section 401(m) only if they have the same Plan Year. 

F. Allocation of Amounts to Plan Years. For purposes of determining the Actual Contribution Percentage test, Supplemental
Participant Contributions are considered to have been made in the Plan Year in which contributed to the Trust. Matching Contributions shall be considered made for a Plan Year if made no later than the end of the 12- month period beginning on the day
after the close of the Plan Year. 
 G. Recordkeeping. The Committee shall maintain records sufficient to demonstrate
satisfaction of the Actual Contribution Percentage test. 
 H. Code Requirements. The determination and treatment of the
Contribution Percentage of any Participant shall satisfy such other requirements as may be prescribed by the Secretary of the Treasury. In performing the required testing hereunder, any variations in procedures or methods permitted under the Code
and applicable Treasury Regulations may be employed. 
 Section I.05 DISTRIBUTION OF EXCESS AGGREGATE
CONTRIBUTIONS. The provisions of this Section are effective for Plan Years prior to January 1, 2008. Notwithstanding any other provision of this Plan, Excess Aggregate Contributions, plus any income and minus any loss allocable thereto,
shall be forfeited, if forfeitable, or if not forfeitable, distributed no later than the last day of each Plan Year to Participants to whose Accounts such Excess Aggregate Contributions were allocated for the Preceding Plan Year. Excess Aggregate
Contributions shall be treated as Annual Additions under the Plan. 
 A. Determination of Income or Loss: Excess
Aggregate Contributions shall be adjusted for any income or loss. Such adjustments shall include any income or loss through the end of the Plan Year in which the excess arose. For corrective distributions that are made for Plan Years beginning on
and after January 1, 2006 and prior to January 1, 2008, such adjustments shall also include any income or loss for the Gap Period. Gap Period adjustments shall not be made for Plan Years beginning on and after January 1, 2008. For
Plan Years beginning prior to January 1, 2006, Gap Period adjustments will be made only in the discretion of the Committee. The income or loss allocable to Excess Aggregate Contributions is the sum of: (i) income or loss allocable to the
Participant’s Regular Matching and Supplemental Participant Contribution Accounts (if any, and only to the extent that amounts therein are not used in the Actual Deferral Percentage test), and Salary Reduction Contributions Account if any such
amounts were used in calculating the Actual Contribution Percentage test, for the Plan Year, multiplied by a fraction, the numerator of which is such Participant’s Excess Aggregate Contributions for the year and the denominator of which is the
Participant’s Account balance(s) attributable to Contribution Percentage Amounts without regard to any income or loss occurring during such Plan Year; and (ii) if the corrective distribution is to be adjusted for income or loss during the
Gap Period, ten percent of the amount determined under (i) multiplied by the number of whole calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the 15th
day of such month. Alternatively, the Committee may determine the income or loss allocable to Excess Aggregate Contributions under any reasonable method that does not violate the general nondiscrimination rules of Code Section 401(a)(4), is
used consistently for all Participants and for all such corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income to Participants’ Accounts. 

B. Forfeitures of Excess Aggregate Contributions. Forfeitures of Excess Aggregate Contributions may either be reallocated to the
Accounts of Non-highly Compensated Employees or applied to reduce Employer contributions, as elected by the Employer. 
 C.
Accounting for Excess Aggregate Contributions. Excess Aggregate Contributions shall be forfeited, if forfeitable, or distributed on a pro-rata basis, first from the Participant’s Supplemental Participant Contributions Account, and then
from his Regular Matching Contributions Account (and, if applicable, the Participant’s Salary Reduction Contributions Account) as necessary to satisfy the Actual Contribution Percentage test. 

  
 63 

 Section I.06 ANNUAL ADDITIONS - DEFINITIONS. For purposes of Section I.07, the
following definitions and rules of interpretation shall apply: 
 A. “Annual Additions” means the sum of the
following amounts credited to a Participant’s Account for any Limitation Year: 
  

	 	(i)	Salary Reduction and Supplemental Participant Contributions, if any; 

  

	 	(ii)	Employer Regular Matching, Safe Harbor Matching and Employer Nonelective Retirement Contributions, if any; 

 

	 	(iii)	forfeitures, if any; and 

  

	 	(iv)	excess amounts reapplied to reduce Employer contributions under Section I.07. 

 Except to the extent provided in Treasury Regulations, Annual Additions include any excess contributions described in Code Section 401(k), excess aggregate contributions described in Code
Section 401(m), and excess deferrals described in Code Section 402(g), irrespective of whether the Plan distributes or forfeits such excess amounts. 
 Annual Additions also include amounts allocated to an individual medical account (as defined in Code Section 415(1)(2)) included as part of a pension or annuity plan maintained by the Employer.
Furthermore, Annual Additions include contributions attributable to post-retirement medical benefits allocated to the separate account of a Key Employee (as defined in Code Section 419(A)(d)(3)) under a welfare benefit fund (defined in Code
Section 419(e)) maintained by the Employer. Allocations under a SEP which is maintained by the Employer are treated as Annual Additions to a Defined Contribution Plan. Rollover or Transfer Contributions shall not constitute Annual Additions.
However, Annual Additions do not include Restorative Payments allocated to a Participant’s Account. “Restorative Payments” are payments made to restore some or all of the Plan’s losses due to an action (or failure to act)
by a Plan fiduciary that creates a reasonable risk of liability for a breach of fiduciary duty (other than a breach of fiduciary duty arising from failure to remit contributions to the Plan) under Title I of ERISA or under other applicable federal
or state law so long as Participants who are similarly situated are treated similarly with respect to the payments. Restorative Payments include, but are not limited to, payments to the Plan made pursuant to a Department of Labor order, the
Department of Labor’s Voluntary Fiduciary Correction Program, or a court-approved settlement, to restore losses to the Plan on account of a breach of fiduciary duty (other than a breach of fiduciary duty arising from failure to remit
contributions to the Plan). 
 An Annual Addition is credited to a Participant’s Account for a Limitation Year if it is
allocated to the Participant’s Account under the terms of the Plan as of any date within that Limitation Year. Similarly, an Annual Addition that is made pursuant to a corrective amendment that complies with the requirements of Treasury
Regulations Section 1.401(a)(4)-11(g) is credited to a Participant’s Account for a Limitation Year if it is allocated to the Participant’s Account under the terms of the corrective amendment as of any date within that Limitation Year.
However, if the allocation of an Annual Addition is dependent upon the satisfaction of a condition (such as continued employment or the occurrence of an event) that has not been satisfied by the date as of which the Annual Addition is allocated
under the terms of the Plan, the Annual Addition is considered allocated as of the date the condition is satisfied. 

Contributions are not treated as credited to a Participant’s Account for a Limitation Year unless the contributions are actually
made to the Plan no later than 30 days after the end of the period described in Code Section 404(a)(6) applicable to the taxable year with or within which the Limitation Year ends. If contributions are made to the Plan after the end of the
period during which contributions can be made and treated as credited to a Participant’s Account for a Limitation Year, allocations attributable to those contributions are treated as credited to the Participant’s Account for the Limitation
Year during which those contributions are made. Supplemental 

  
 64 

 
Participant Contributions are not treated as credited to a Participant’s Account for a particular Limitation Year unless the contributions are actually made to the Plan no later than 30 days
after the close of that Limitation Year. A forfeiture is treated as an Annual Addition for the Limitation Year that contains the date as of which it is allocated to a Participant’s Account as a forfeiture. 

If the Company contributes an amount to a Participant’s Account with respect to a prior Limitation Year and such contribution is
required by reason of such Participant’s rights under Code Section 414(u)(1), then such contribution is considered an Annual Addition for the Limitation Year to which the contribution relates instead of the Limitation Year in which the
contribution is made. 
 If an amount is allocated to a Participant’s Account in a Limitation Year because of an erroneous
forfeiture in a prior Limitation Year or because of an erroneous failure to allocate amounts in a prior Limitation Year, the corrective allocation will not be considered an Annual Addition with respect to the Participant for the Limitation Year in
which the correction occurs, but will be considered an Annual Addition for the Limitation Year to which it relates. For purposes of the foregoing sentence, if the amount so contributed in the Limitation Year takes into account actual investment
gains attributable to the period subsequent to the year to which the contribution relates, the portion of the total contribution that consists of such gains is not considered as an Annual Addition for any Limitation Year. 

B. “Company” means any corporation that is a member of a controlled group of corporations (as defined in Code
Section 414(b) as modified by Code Section 415(h)) that includes the Employer, or any trades or businesses (whether or not incorporated) that are under common control (as defined in Code Section 414(c) as modified by
Section 415(h)) with the Employer, or a member of an affiliated service group (as defined in Code Section 414(m)) that includes the Employer, or any other entity required to be aggregated with the Employer, pursuant to regulations under
Code Section 414(o). 
 C. “Compensation” means, with respect to the Limitation Year, Compensation as
defined in Section 1.48 of the Plan. For purposes of applying the limitations of this Schedule I, Compensation for a Limitation Year is the Compensation actually paid or includible in gross income during such Limitation Year and for Limitation
Years beginning on or after January 1, 2008, Compensation shall not be greater than the limit under Code Section 401(a)(17) that applies to that year. 
 In addition to the foregoing, payments awarded by an administrative agency or court or pursuant to a bona fide agreement by the Company to compensate an Employee for lost wages are Compensation for the
Limitation Year to which the back pay relates, but only to the extent such payments represent Compensation that would otherwise be Compensation under this Schedule I. If a Participant is permanently and totally disabled (as defined in Code
Section 22(e)(3)), the Participant’s Compensation means the Compensation the Participant would have received for the year if the Participant were paid at the rate of Compensation paid immediately before becoming permanently and totally
disabled, if such Compensation is greater than the Participant’s Compensation determined without regard to this paragraph. However, this paragraph applies only if the Participant is not a Highly Compensated Employee immediately before becoming
disabled and contributions made with respect to amounts treated as Compensation under this paragraph are Nonforfeitable when made. 
 Generally, in order to be taken into account for a Limitation Year, Compensation must be paid or treated as paid to the Employee before the Employee’s Severance from Employment with the Company. In
addition to the foregoing, for Limitation Years beginning on and after January 1, 2008, Compensation shall include Post-Severance Compensation paid by the later of: (i) two and one-half months (or such other period as extended by
subsequent Treasury Regulations or other published guidance) after Severance from Employment with the Company; or (ii) the end of the Limitation Year that includes the date of the Employee’s Severance from Employment with the Company.
“Post-Severance Compensation” means payments that would have been included in the definition of Compensation if they were paid prior to the Employee’s Severance from Employment and the payments are: (i) regular
Compensation for Services during the Participant’s regular working hours, Compensation for Services outside the Participant’s regular working hours (such as overtime or shift differential), commissions, bonuses, or other similar
compensation, if the payments would have been paid to the Employee if the Employee had continued in employment with the Company; (ii) for accrued bona fide sick, PTO or other leave, but only if the Participant would have been able to use the
leave if employment had continued; or (iii) received by an Employee 

  
 65 

 
pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid to the Employee at the same time if the Employee had continued in employment with the
Company and only to the extent the payment is includible in the Employee’s gross income. Any payments not described in the preceding sentence are not considered Post-Severance Compensation if paid after Severance from Employment, except for
payments (i) to an individual who does not currently perform services for the Company by reason of Qualified Military Service (within the meaning of Code Section 414(u)(1)) to the extent these payments do not exceed the amounts the
individual would have received if the individual had continued to perform services for the Company; or (ii) to any Participant who is permanently and totally disabled for a fixed or determinable period, as determined by the Plan Administrator.
For purposes of this Section I.06.C., “permanently and totally disabled” means that the individual is unable to engage in any substantial gainful activity by reason of any medically determinable physical or mental impairment which
can be expected to result in death or which has lasted or can be expected to last for a continuous period of not less than 12 months. 
 For purposes of this Schedule I, “severance from employment” occurs when the Employee ceases to be an employee of the Company maintaining the Plan, and an Employee does not have a severance from
employment if, in connection with a change of employment, the Employee’s new employer maintains the Plan with respect to the Employee. 
 D. “Defined Benefit Plan” means a retirement plan that does not provide for individual accounts for Company contributions. The Committee shall treat all Defined Benefit Plans (whether or
not terminated) maintained by the Company as a single plan. 
 E. “Defined Contribution Plan” means a
retirement plan that provides for an individual account for each participant and for benefits based solely on the amount contributed to the participant’s account, and any income, expenses, gains and losses, and any Forfeitures of accounts of
other participants that the Committee may allocate to such Participant’s account. Solely for purposes of this Schedule I, the Committee shall treat as a Defined Contribution Plan an individual medical account (as defined in Code
Section 415(1)(2)) included as part of a Defined Benefit Plan maintained by the Company and a welfare benefit fund under Code Section 419(e) maintained by the Company to the extent there are post-retirement medical benefits allocated to
the separate account of a key employee (as defined in Code Section 419A(d)(3)). The Committee shall treat all Defined Contribution Plans (whether or not terminated) maintained by the Company as a single plan. 

F. “Limitation Year” means the Plan Year. 
 G. “Maximum Permissible Amount” means, with respect to any Participant, the lesser of: 
  

	 	(i)	$40,000 (as adjusted in accordance with Code Section 415(d), $49,000 for 2010), or 

 

	 	(ii)	100% of the Participant’s Compensation for the Limitation Year. 

 The Compensation limit set forth in item (ii) above, shall not apply to any contribution for medical benefits (within the meaning of Code Section 401(h) or Code Section 419(f)(2)), after
Severance from Employment, which is otherwise treated as an Annual Addition. 
 If there is a short Limitation Year because of a
change in Limitation Year, the Committee will multiply the $40,000 limitation (or larger limitation) by the following fraction: 

Number of months in the short Limitation Year 
 12. 
 H. Required Plan Aggregation. For purposes of applying the
limitations of Code Sections 415(b), (c) and (e) applicable to a Participant for a particular Limitation Year, all qualified Defined Benefit Plans (without regard to whether a plan has been terminated) ever maintained by the Company will
be treated as one Defined Benefit Plan and all qualified Defined Contribution Plans (without regard to whether a plan has been terminated) ever maintained by the Company will be treated as part of this Plan. 

  
 66 

 Section I.07 ANNUAL ADDITION—LIMITATIONS. The amount of the Annual
Additions that may be credited under this Plan to any Participant’s Account as of any allocation date shall not exceed the Maximum Permissible Amount reduced by the sum of any credits of Annual Additions made to the Participant’s Account
under all Defined Contribution Plans as of any preceding allocation date within the Limitation Year. 
 If an allocation date of
this Plan coincides with an allocation date of any other qualified Defined Contribution Plan maintained by the Company, the amount of the Annual Additions that may be credited under this Plan to any Participant’s Account as of such date shall
be an amount equal to the product of the amount to be credited under this Plan without regard to this Schedule I multiplied by the lesser of one or a fraction, the numerator of which is the amount described in this Section I.07 during the Limitation
Year and the denominator of which is the amount that would otherwise be credited on this allocation date under all Defined Contribution Plans without regard to this Schedule I. 

If contributions to this Plan on behalf of a Participant are to be reduced prior to their contribution to the Plan as a result of this
Schedule I, such reduction shall be effected by first reducing the amount of any Supplemental Participant Contributions, if any, and then Salary Reduction Contributions (if permitted by the Plan) and then, if necessary by reducing any corresponding
Regular Matching Contributions, and then, if necessary, by reducing the Employer Nonelective Retirement Contributions that would otherwise have been allocated to a Participant’s Account. If, as a result of either (a) the allocation of
Forfeitures, or (b) a reasonable error in estimating a Participant’s Compensation, or (c) a reasonable error in determining the amount of Salary Reduction Contributions that may be made for the Participant under Code Section 415,
or (d) under the limited facts and circumstances that the Commissioner of Internal Revenue finds justify the availability of the rules set forth in subsections A-D of this Section I.07, the allocation of Annual Additions under the terms of the
Plan for a particular Participant would cause the limitations of Code Section 415 applicable to that Participant for the Limitation Year to be exceeded, the excess amounts shall not be deemed to be Annual Additions in that Limitation Year if
they are treated as follows: 
 A. The excess amounts in the Participant’s Account consisting of Supplemental Participant
Contributions, if any, Salary Reduction Contributions, if any, and any gains attributable thereto shall be paid to the Participant as soon as administratively feasible. Any amounts so distributed shall be disregarded for purposes of complying with
the requirements of Code Section 402(g), the Actual Deferral Percentage test of Code Section 401(k)(3) and the Actual Contribution Percentage test of Code Section 401(m)(2). 

B. The excess amounts in the Participant’s Account consisting of Employer Nonelective Retirement Contributions or Regular Matching
Contributions shall be used to reduce Employer Nonelective Retirement Contributions or Regular Matching Contributions for the next Limitation Year (and succeeding Limitation Years, as necessary) for that Participant if that Participant is covered by
the Plan as of the end of the Limitation Year. However, if that Participant is not covered by the Plan as of the end of the Limitation Year, then the excess amounts must be held unallocated in a suspense account for the Limitation Year and allocated
and reallocated in the next Limitation Year to all of the remaining Participants in the Plan. If a suspense account is in existence at any time during a particular Limitation Year, other than the first Limitation Year described in the preceding
sentence, all amounts in the suspense account must be allocated and reallocated to Participants’ Accounts (subject to the limitations of Code Section 415) before any contributions that would constitute Annual Additions may be made to the
Plan for that Limitation Year. Furthermore, the excess amounts must be used to reduce Employer Nonelective Retirement Contributions and Regular Matching Contributions for the next Limitation Year (and succeeding Limitation Years, as necessary) for
all of the remaining Participants in the Plan. For purposes of this subsection, except as provided in Section I.07.A., excess amounts may not be distributed to Participants or former Participants. 

C. In the event of termination of the Plan, the suspense account described above, shall revert to the Company to the extent it may not
then be allocated to any Participant’s Account. 
 D. Notwithstanding any other provisions in this Schedule I, the Company
shall not contribute any amount that would cause an allocation to the suspense account as of the date the contribution is allocated. If the contribution is made prior to the date as of which it is to be allocated, then such contribution shall not
exceed an amount that would cause an allocation to the suspense account if the date of contribution were an allocation date. 

  
 67 

 E. If a Participant’s Annual Additions would result in an excess amount for a
Limitation Year, the excess amount will be deemed to consist of the Annual Additions last allocated except that Annual Additions attributable to a welfare benefit fund will be deemed to have been allocated first regardless of the actual allocation
date. 
 The correction methods set forth in subsections A. through E. above, are not available for Limitation Years beginning on and after
January 1, 2008. For Limitation Years beginning on and after January 1, 2008, corrections for excess Annual Additions shall be made in a manner consistent with the Employee Plans Compliance Resolution System issued by the IRS, as in effect
from time to time. 
 Section I.08 ADP/ACP TESTING METHOD. For plan years on and after January 1, 1997 but
prior to January 1, 2007, the Plan shall use the prior year testing method to satisfy the actual deferral percentage and actual contribution percentage tests. For the 2007 Plan Year, the Plan shall use the current year testing method.

 Section I.09 FURTHER REDUCTIONS OF CONTRIBUTIONS. In any Plan Year in which the Committee deems it necessary to
do so to meet the requirements of this Schedule I or the Code and the Treasury Regulations thereunder, the Committee may further reduce the amount of contributions that may be made to a Participant’s Account. 

Section I.10 AGGREGATION RULES. The rules under Code Section 415(j) shall apply as appropriate for purposes of this
Schedule I for Limitation Years that begin on or after January 1, 2008. In no event shall a Participant’s benefit be double counted in the application of these aggregation rules. The limitations of this Schedule I shall be determined and
applied taking into account the aggregation rules provided herein, and the aggregation rules not otherwise provided in this Schedule I, as incorporated by reference from Treasury Regulations Section 1.415(f)-1. However, any increase in benefits
resulting from the application of such rules in effect as of the Limitation Year beginning on or after January 1, 2008, shall apply only to Participants who have completed at least one Hour of Service with the Company after said date.

 Section I.11 INCORPORATION BY REFERENCE. Notwithstanding anything contained in this Schedule I to the contrary,
the limitations, adjustments and other requirements provided in this Schedule I shall at all times comply with the provisions of Code Section 415 and the Treasury Regulations issued thereunder, the terms of which are specifically incorporated
into this Plan by reference. 
 Section I.12 REPEAL OF PROVISION. Should Congress provide by statute, or the IRS
provide by regulation or ruling, that any or all of the conditions set forth in this Schedule I are no longer necessary for the Plan to meet the requirements of Code Section 401 or other applicable provisions of the Code then in effect, such
conditions shall immediately become void and shall no longer apply, without the necessity of further amendment to the Plan. 

  
 68 

 SCHEDULE II 
 SPECIAL PROVISIONS FOR PRIOR MERGED PLANS 
 Section II.01
EMPLOYEE SAVINGS AND PROFIT-SHARING PLAN OF ROYAL INDEMNITY COMPANY. 
 A. Purpose and Construction. The terms
defined in this Section II.01 are applicable only within this Section II.01. The purpose of this Section II.01 is to evidence special provisions applicable to certain Participants affected by the Company’s acquisition of the Milbank Insurance
Company, effective August 20, 1993 (the “Closing Date”). The provisions of this Section II.01 shall apply to individuals who, as of the date prior to the Closing Date, were employees of Milbank Insurance Company (or a related
entity) and who, as of the Closing Date, became Employees of an Employer (hereinafter “Affected Employees”). To the extent the provisions of the Plan, as applicable to Affected Employees, are inconsistent with the provisions of this
Section II.01, the provisions of this Section II.01 shall govern. Words and phrases used herein with initial capital letters which are defined in Article I of the Plan are used herein as so defined. 

B. Trust-to-Trust Transfers of Accounts. 
  

	 	(i)	In connection with the Company’s acquisition of Milbank Insurance Company from Globe Indemnity Company (a subsidiary of Royal Indemnity Company), the Plan shall
accept a transfer of assets and liabilities from the Employee Savings and Profit Sharing Plan of Royal Indemnity Company (the “Milbank Plan”) which represents the account balances maintained on behalf of Affected Employees under the
Milbank Plan. 

  

	 	(ii)	The transfer made on behalf of any Affected Employee shall be credited to such Employee’s Accounts under the Plan as follows: 

 

	 	1.	that portion, if any, of the transfer that is attributable to the Affected Employees “401(k) Contribution Account” under the Milbank Plan shall be credited to
a subaccount within the Affected Employee’s Salary Reduction Contribution Account under the Plan; 

  

	 	2.	that portion, if any, of the transfer that is attributable to the Affected Employee’s “Savings Incentive Contribution Account” under the Milbank Plan
shall be credited to a subaccount with the Affected Employee’s Supplemental Participant Contribution Account under the Plan and that portion, if any, of the transfer that is attributable to the Affected Employee’s “Matching
Contribution Account” and “Qualified Non-Elective Contribution Account” under the Milbank Plan shall be credited to a subaccount within the Affected Employee’s Employer Contribution Account under the Plan. All amounts transferred
pursuant to this Section B.(ii) shall be 100% Vested and Nonforfeitable. 

  

	 	(iii)	Loans granted under the Milbank Plan which are outstanding as of the Closing Date shall be administered in accordance with the loan documents then in effect; provided,
however, that to the extent permitted under the Plan, revisions to such documents may be made by agreement of the Committee and the Affected Employee. 

 C. Participation of Affected Employees. Affected Employees shall become Participants under the Plan effective as of the Closing Date. An Affected Employee shall be eligible to make Salary Reduction
Contributions as of the Participation Date which is, or next follows, the Closing Date. 
 D. Investment of Transferred
Amounts. Notwithstanding any provision of the Plan to the contrary, an Affected Employee on whose behalf a transfer is made pursuant to Section B.2, shall specify, at or prior to the time such transfer is made, the manner in which his Accounts
shall be invested in each Investment Fund under the Plan. The investment election shall specify, in 10% increments (1% increments effective October 1, 1994), the percentage of each Account to be invested in each Investment Fund. 

  
 69 

 E. Pre-Closing Date Service of Affected Employees. The period of employment of an
Affected Employee prior to the Closing Date, which shall be recognized as Service hereunder for purposes including, but not limited to, the determination of the Vested status of Employer contributions made on and after the Closing Date, shall be
equal to the sum of (i) and (ii), as follows: 
  

	 	(i)	the whole “Years of Service” credited to the Affected Employee as of the Closing Date under the terms of the Milbank Plan in effect on such date; and

  

	 	(ii)	one month of Service for each month of employment with Milbank Insurance Company or a Related Employer during the period beginning on the anniversary of the Affected
Employee’s “Employment Commencement Date” that next precedes the Closing Date and ending on the Closing Date (the “Service Transition Period”); provided, however, that Service under this paragraph (ii) shall be
granted only with respect to Affected Employees who, during the Service Transition Period, have not completed six or more months in such service (and who, therefore, are not entitled to a “Year of Service” under paragraph (i)).
Notwithstanding the foregoing, there shall be no duplication of Service hereunder with respect to any single period of employment. 

 F. Preservation of Installment Option. Notwithstanding any provision of the Plan to the contrary, the installment form of payment available to Affected Employees under Section 6.5 of the
Milbank Plan, in effect on the Closing Date, shall be preserved under the Plan with respect to all amounts transferred on behalf of Affected Employees from the Milbank Plan to the Plan, as increased (decreased) by earnings (losses) on such amounts.

 Section II.02 MIDWEST SECURITY 401(K) RETIREMENT SAVINGS PLAN. 

A. Purpose and Construction. The terms defined in this Section II.02 are applicable only within this Section II.02. The purpose of
this Section II.02 is to evidence special provisions applicable to certain Participants affected by the Company’s acquisition of the Midwest Security Insurance Companies, effective January 1, 1997 (the “Closing Date”). The
provisions of this Section II.02 shall apply to individuals who, as of the date prior to the Closing Date, were employees of Midwest Security Insurance Companies (or a related entity) and who, as of the Closing Date, became Employees of an Employer
(hereinafter “Affected Employees”). To the extent the provisions of the Plan, as applicable to Affected Employees, are inconsistent with the provisions of this Section II.02, the provisions of this Section II.02 shall govern. Words
and phrases used herein with initial capital letters which are defined in Article I of the Plan are used herein as so defined. 

B. Merger of Accounts. 
  

	 	(i)	Effective January 1, 1997, or as soon thereafter as administratively practicable, the Midwest Security 401(k) Retirement Savings Plan, as amended in effect on such
date (the “Midwest Plan”) shall be merged into the Plan. For purposes of this Schedule II, April 1, 1997 shall be considered the “Merger Date.” 

 

	 	(ii)	In connection with the merger of the Midwest Plan into the Plan, the Committee, in its discretion, shall determine the appropriate Plan Accounts and/or subaccounts to
which amounts accumulated on behalf of Affected Employees under the Midwest Plan shall be credited. All such amounts accumulated by an Affected Employee under the Midwest Plan shall become 100% Vested and Nonforfeitable as of the Merger Date.

  

	 	(iii)	Loans granted under the Midwest Plan which are outstanding as of the Merger Date shall be administered in accordance with the loan documents then in effect; provided,
however, that to the extent permitted under the Plan, revisions to such documents may be made by agreement of the Committee and the Affected Employee. 

  
 70 

 C. Participation of Affected Employees. Affected Employees shall become Participants
under the Plan effective as of the Merger Date. An Affected Employee shall be eligible to make Salary Reduction Contributions and/or Supplemental Participant Contributions as of the Participation Date which is, or next follows, the Merger Date. All
contributions made on behalf of an Affected Employee on and after such Participation Date shall be subject to the vesting provisions of Article IV of the Plan. 
 D. Investment of Transferred Amounts. Notwithstanding any provision of the Plan to the contrary, an Affected Employee on whose behalf accounts are being maintained under the Midwest Plan as of the
Merger Date shall specify, at or prior to the Merger Date, the manner in which his Accounts shall be invested in each Investment Fund under the Plan. The investment election shall specify, in 1% increments, the percentage of each Account to be
invested in each Investment Fund. 
 E. Pre-Merger Date Service of Affected Employees. The period of employment of an
Affected Employee prior to the Merger Date, which shall be recognized as Service hereunder for purposes including, but not limited to, the determination of the vested status of Employer contributions made on and after the Merger Date, shall be equal
to the sum of (i) and (ii), as follows: 
  

	 	(i)	the whole “Years of Service” credited to the Affected Employee as of the Merger Date under the terms of the Midwest Plan in effect on such date; and

  

	 	(ii)	one month of Service for each month of employment with Midwest Security Insurance Companies or a Related Employer during the period beginning on the anniversary of the
Affected Employee’s “Employment Commencement Date” that next precedes the Merger Date and ending on the Merger Date (the “Service Transition Period”); provided, however, that Service under this paragraph
(ii) shall be granted only with respect to Affected Employees who, during the Service Transition Period, have not completed six or more months in such service (and who, therefore, are not entitled to a “Year of Service” under
paragraph (i)). Notwithstanding the foregoing, there shall be no duplication of Service hereunder with respect to any single period of employment. 

 F. Preservation of Benefits. Notwithstanding any provision of the Plan to the contrary, Affected Employees under this Section II.02 who were eligible to participant in the Midwest Plan by the
Merger Date will meet the age and service requirements to participate in the Plan. 
 Section II.03 FARMERS CASUALTY
COMPANY MUTUAL 401(K) PROFIT SHARING PLAN. 
 A. Purpose and Construction. The terms defined in this Section II.03
are applicable only within this Section II.03. The purpose of this Section II.03 is to evidence special provisions applicable to certain Participants affected by the Company’s acquisition of the Farmers Casualty Company Mutual, effective
August 19, 1998 (the “Closing Date”). The provisions of this Section II.03 shall apply to individuals who, as of the date prior to the Closing Date, were employees of Farmers Casualty Company Mutual (or a related entity) and
who, as of the Closing Date, became Employees of an Employer (hereinafter “Affected Employees”). To the extent the provisions of the Plan, as applicable to Affected Employees, are inconsistent with the provisions of this Section
II.03, the provisions of this Section II.03 shall govern. Words and phrases used herein with initial capital letters which are defined in Article I of the Plan are used herein as so defined. 

B. Merger of Accounts. 
  

	 	(i)	Effective September 1, 1999, or as soon thereafter as administratively practicable, the Farmers Casualty Company Mutual 401(k) Profit Sharing Plan, as amended and
in effect on such date (the “Farmers Plan”) shall be merged into the Plan. For purposes of this Section II.03C., September 1, 1999 shall be considered the “Merger Date.” 

  
 71 

	 	(ii)	In connection with the merger of the Farmers Plan into the Plan, the Committee, in its discretion, shall determine the appropriate Plan Accounts and/or subaccounts to
which amounts accumulated on behalf of Affected Employees under the Farmers Plan shall be credited. All such amounts accumulated by an Affected Employee under the Farmers Plan shall become 100% Vested and Nonforfeitable as of the Merger Date.

  

	 	(iii)	Loans granted under the Farmers Plan which are outstanding as of the Merger Date shall be administered in accordance with the loan documents then in effect; provided,
however, that to the extent permitted under the Plan, revisions to such documents may be made by agreement of the Committee and the Affected Employee. 

 C. Participation of Affected Employees. Affected Employees shall become Participants under the Plan effective as of the Merger Date. An Affected Employee shall be eligible to make Salary Reduction
Contributions and/or Supplemental Participant Contributions as of the Participation Date which is, or next follows, the Merger Date. All contributions made on behalf of an Affected Employee on and after such Participation Date shall be subject to
the vesting provisions of Article IV of the Plan (recognizing the modification below). 
 D. Investment of Transferred
Amounts. Notwithstanding any provision of the Plan to the contrary, an Affected Employee on whose behalf accounts are being maintained under the Farmers Plan as of the Merger Date shall specify, at or prior to the Merger Date, the manner in
which his Accounts shall be invested in each Investment Fund under the Plan. The investment election shall specify, in 1% increments, the percentage of each Account to be invested in each Investment Fund. 

E. Pre-Merger Date Service of Affected Employees. The period of employment of an Affected Employee prior to the Merger Date, which
shall be recognized as Service hereunder for purposes including, but not limited to, the determination of the vested status of Employer contributions made on and after the Merger Date, shall be equal to the sum of (i) and (ii), as follows:

  

	 	(i)	the whole “Years of Service” credited to the Affected Employee as of the Merger Date under the terms of the Farmers Plan in effect on such date; and

  

	 	(ii)	one month of Service for each month of employment with Farmers Casualty Company Mutual or a Related Employer during the period beginning on the anniversary of the
Affected Employee’s “Employment Commencement Date” that next precedes the Merger Date and ending on the Merger Date (the “Service Transition Period”); provided, however, that Service under this paragraph
(ii) shall be granted only with respect to Affected Employees who, during the Service Transition Period, have not completed six or more months in such service (and who, therefore, are not entitled to a “Year of Service” under
paragraph (i)). Notwithstanding the foregoing, there shall be no duplication of Service hereunder with respect to any single period of employment. 

 F. Preservation of Benefits. 
  

	 	(i)	Notwithstanding any provision of the Plan to the contrary, the installment form of payment available to Affected Employees under Section 6.02 of the Farmers Plan,
in effect on the Merger Date, shall be preserved under the Plan with respect to those Accounts and/or subaccounts that represent amounts accumulated on behalf of Affected Employees under the Farmers Plan, as increased (decreased) by earnings
(losses) on such amounts. 

  

	 	(ii)	Notwithstanding any provision of the Plan to the contrary, the Normal Retirement Age under Section 5.01 of the Farmers Plan, defined as age fifty-five (55), in
effect on the Merger Date, shall be preserved under the Plan with respect to the Affected Employees under this Schedule II.03. 

  
 72 

	 	(iii)	Notwithstanding any provision of the Plan to the contrary, Affected Employees under this Schedule II.03 who are age 19 but less than age 20 by the Merger Date will meet
the age requirement to participate in the Plan. 

 Section II.04 MERIDIAN INSURANCE GROUP, INC. 401(k)
PLAN. 
 A. Purpose and Construction. The purpose of this Section II.04 is to evidence special provisions applicable
to certain employees of Meridian Insurance Group, Inc. (“Meridian”) affected by the merger of the Meridian Insurance Group, Inc. 401(k) Plan (“Meridian Plan”) into the Plan, effective October 1, 2001. The provisions
of this Section II.04 shall apply to the individuals as specified herein. To the extent the provisions of the Plan, as applicable to these individuals, are inconsistent with the provisions of this Section II.04, the provisions of Section II.04 shall
govern. Words and phrases used herein with initial capital letters which are defined in Article I of the Plan are used herein as so defined. 
 B. Merger of Accounts. 
  

	 	(i)	Effective October 1, 2001, or as soon thereafter as administratively practicable, the Meridian Plan, as amended and in effect on such date shall be merged into the
Plan. For purposes of this Schedule II.04, October 1, 2001 shall be considered the “Merger Date.” 

  

	 	(ii)	In connection with the merger of the Meridian Plan into the Plan, the Committee, in its discretion, shall determine the appropriate Plan Accounts and/or subaccounts to
which amounts accumulated on behalf of Affected Employees under the Meridian Plan shall be credited. All such amounts accumulated by a participant under the Meridian Plan shall be 100% Vested and Nonforfeitable as of the Merger Date.

  

	 	(iii)	Loans granted under the Meridian Plan which are outstanding as of the Merger Date shall be administered in accordance with the loan documents then in effect; provided,
however, that to the extent permitted under the Plan, revisions to such documents may be made by agreement of the Committee and the affected Employee. 

 C. Participation of Meridian Employees. Employees who are participants in the Meridian Plan as of the date immediately prior to the Merger Date shall become Participants under the Plan effective as
of the Merger Date. A Meridian Employee who fails to become a Participant under the preceding sentence shall become a Participant as set forth in Article II of the Plan; provided, however, that if the Employee’s Employment Commencement Date is
between September 1, 2001 and October 1, 2001, and such Employee is hired in a classification other than that of a temporary Employee or an Employee hired on a retainer or consultant basis, such Employee shall be eligible to become a
Participant effective as of October 1, 2001. 
 D. Investment of Merged Accounts. Notwithstanding any provision of
the Plan to the contrary, a participant in the Meridian Plan as of the Merger Date shall specify, at or prior to the Merger Date, the manner in which his Accounts shall be invested in each Investment Fund under the Plan. The investment election
shall specify, in 1% increments, the percentage of each Account to be invested in each Investment Fund. 
 E. Pre-Merger Date
Service of Meridian Plan Participants. The period of employment of a Meridian Plan participant prior to the Merger Date, which shall be recognized as Service hereunder for purposes including, but not limited to, the determination of the vested
status of Employer contributions made on and after the Merger Date, shall be equal to the sum of (i) and (ii), as follows: 
  

	 	(i)	the whole “Years of Service” credited to the Meridian Plan participant as of the Merger Date under the terms of the Meridian Plan in effect on such date; and

  

	 	(ii)	 one month of Service for each month of employment with Meridian or a Related Employer during the period beginning on the anniversary of the Meridian
Plan participant’s “Employment Commencement Date” that next precedes the Merger Date 

  
 73 

	 	 
and ending on the Merger Date (the “Service Transition Period”); provided, however, that Service under this paragraph (ii) shall be granted only with respect to Meridian
Plan participants who, during the Service Transition Period, have not completed 1,000 Hours of Service or more in such service (and who, therefore, are not entitled to a “Year of Service” under paragraph (i)). Notwithstanding the
foregoing, there shall be no duplication of Service hereunder with respect to any single period of employment. 

 F. Vesting of Certain Meridian Plan Participants. Notwithstanding the provisions of Article IV of the Plan, effective as of the Merger Date, the Employer Contribution Account of an individual who,
as of September 30, 2001, is both (i) an Employee and (ii) a participant in the Meridian Plan who has completed at least three “Years of Service” under such plan, shall be 100% Vested and Nonforfeitable at all times and all
future Regular Matching Contributions made on behalf of such individual shall be 100% Vested and Nonforfeitable when made. Each eligible Employee of Meridian other than those described in the preceding sentence shall become Vested in Regular
Matching Contributions made on his behalf on and after the Merger Date in accordance with the provisions of Article IV, reflecting for this purpose, the provisions above. 
 G. Optional Forms of Benefit. Notwithstanding any provision of the Plan or the Meridian Plan to the contrary, the installment and annuity forms of payment available under the Meridian Plan shall be
discontinued effective on and after October 24, 2001 in accordance with Treasury Regulation Section 1.411(d)-4, Q&A 2(e). 
 Section II.05 BEACON INSURANCE GROUP 401(K) PROFIT SHARING PLAN. 

A. Purpose and Construction. The purpose of this Section II.05 is to evidence special provisions applicable to certain employees
of Beacon National Insurance Company (“Beacon”) affected by the merger of the Beacon Insurance Group 401(k) Profit Sharing Plan (“Beacon Plan”) into the Plan, effective January 1, 2008. The provisions of this Section
II.05 shall apply to the individuals as specified herein. To the extent the provisions of the Plan, as applicable to these individuals, are inconsistent with the provisions of this Section II.05, the provisions of Section II.05 shall govern. Words
and phrases used herein with initial capital letters which are defined in Article I of the Plan are used herein as so defined. 

B. Merger of Accounts. 
  

	 	(i)	Effective January 1, 2008, or as soon thereafter as administratively practicable, the Beacon Plan, as amended and in effect on such date shall be merged into the
Plan. For purposes of this Section II.05, January 1, 2008 shall be considered the “Merger Date.” 

  

	 	(ii)	In connection with the merger of the Beacon Plan into the Plan, the Committee, in its discretion, shall determine the appropriate Plan Accounts and/or subaccounts to
which amounts accumulated on behalf of participants under the Beacon Plan shall be credited. All such amounts accumulated by a participant under the Beacon Plan shall be 100% Vested and Nonforfeitable as of the Merger Date and shall be subject to
the Spousal Consent provisions of the Plan. 

  

	 	(iii)	Loans granted under the Beacon Plan which are outstanding as of the Merger Date shall be administered in accordance with the loan documents then in effect; provided,
however, that to the extent permitted under the Plan, revisions to such documents may be made by agreement of the Committee and the affected Employee. 

 C. Participation of Beacon Employees. Employees who are participants in the Beacon Plan as of the date immediately prior to the Merger Date shall become Participants under the Plan effective as of
the Merger Date. A Beacon Employee who fails to become a Participant under the preceding sentence shall become a Participant as set forth in Article II of the Plan. 

  
 74 

 D. Investment of Merged Accounts. Prior to the Merger Date, the Committee, in its
discretion, shall select Investment Funds as replacement funds for mapping those investments under the Beacon Plan. The Committee shall communicate its decision to Beacon Plan participants and provide such participants with information for making
affirmative elections among the available Investment Funds. A participant in the Beacon Plan as of the Merger Date may specify, at or prior to the Merger Date, the manner in which his Accounts shall be invested in each Investment Fund available
under the Plan. The investment election shall specify, in 1% increments, the percentage of each Account to be invested in each Investment Fund. 
 E. Pre-Merger Date Service of Beacon Plan Participants. The period of employment of a Beacon Plan participant prior to the Merger Date, which shall be recognized as Service hereunder for purposes
including, but not limited to, the determination of the vested status of Employer contributions made on and after the Merger Date, shall be equal to the sum of (i) and (ii), as follows: 

 

	 	(i)	the whole “years of service” credited to the Beacon Plan participant as of the Merger Date under the terms of the Beacon Plan in effect on such date; and

  

	 	(ii)	one month of Service for each month of employment with Beacon or a Related Employer during the period beginning on the anniversary of the Beacon Plan participant’s
“Employment Commencement Date” that next precedes the Merger Date and ending on the Merger Date (the “Service Transition Period”); provided, however, that Service under this paragraph (ii) shall be granted only with
respect to Beacon Plan participants who, during the Service Transition Period, have not completed 1,000 Hours of Service or more in such service (and who, therefore, are not entitled to a “year of service” under paragraph (i)).
Notwithstanding the foregoing, there shall be no duplication of Service hereunder with respect to any single period of employment. 

 F. Vesting of Certain Beacon Plan Participants. Notwithstanding the provisions of Article IV of the Plan, effective as of the Merger Date, the Employer Contribution Account of an individual who, as
of December 31, 2007, is both (i) an Employee and (ii) a participant in the Beacon Plan who has completed at least three “years of service” under such plan, shall be 100% Vested and Nonforfeitable at all times and all future
Regular Matching Contributions made on behalf of such individual shall be 100% Vested and Nonforfeitable when made. Each eligible Employee of Beacon other than those described in the preceding sentence shall become vested in Regular Matching
Contributions made on his behalf on and after the Merger Date in accordance with the provisions of Article IV, reflecting for this purpose, the provisions of Section II.05 above. 

Section II.06 PATRONS EMPLOYEES 401(K) PROFIT SHARING PLAN. 

A. Purpose and Construction. The purpose of this Section II.06 is to evidence provisions applicable to certain employees of The
Patrons Group (“Patrons”) affected by the merger of the Patrons Employees 401(k) Profit Sharing Plan (the “Patrons Plan”) with and into the Plan. The provisions of this Section II.06 shall apply to the individuals as
specified herein. To the extent the provisions of the Plan, as applicable to these individuals, are inconsistent with the provisions of this Section II.06, the provisions of Section II.06 shall govern. Words and phrases used herein with initial
capital letters which are defined in Article I of the Plan are used herein as so defined. 
 B. Merger of Accounts.

  

	 	(i)	Effective January 1, 2009, or as soon as administratively practicable thereafter, the Patrons Plan, as amended and in effect on such date, shall be merged with and
into the Plan. For purposes of this Section II.06, such date of plan merger shall be referred to as the “Merger Date”. 

  

	 	(ii)	In connection with the merger of the Patrons Plan with and into this Plan, the Committee, in its discretion, shall determine the appropriate Plan Accounts and/or
subaccounts to which amounts accumulated on behalf of the affected participants under the Patrons Plan shall be credited. All such amounts accumulated by a Participant under the Patrons Plans shall be 100% vested and nonforfeitable as of the Merger
Date. 

  
 75 

	 	(iii)	Loans granted under the Patrons Plan which are outstanding as of the Merger Date shall be administered in accordance with the loan documents then in effect; provided,
however, that to the extent permitted under the Plan, revisions to such documents may be made by agreement of the Committee and the affected Participant. 

 C. Participation of Patrons Employees. Employees who are participants in the Patrons Plan as of the date immediately prior to the Merger Date shall become Participants under the Plan effective as
of the Merger Date. A Patrons employee who fails to become a Participant under the preceding sentence shall become a Participant as provided in Article II of the Plan. 
 D. Investment of Merged Accounts. Prior to the Merger Date, the Committee, in its discretion, shall select Investment Funds as replacement funds for mapping those investments under the Patrons
Plan, as applicable. The Committee shall communicate its decisions to Patrons Plan participants and provide such participants with information for making affirmative elections among the available Investment Funds. A participant in the Patrons Plan
as of the Merger Date may specify, at or prior to the Merger Date, the manner in which his Accounts shall be invested in each Investment Fund available under the Plan. The investment election shall specify, in 1% increments, the percentage of each
Account to be invested in each Investment Fund. 
 E. Pre-Merger Date Service of Patrons Plan Participants. The period of
employment of a Patrons Plan participant prior to the Merger Date, which shall be recognized as Service hereunder for purposes including, but not limited to, the determination of the vested status of Employer contributions made on and after the
Merger Date, shall be equal to the sum of (i) and (ii), as follows: 
  

	 	(i)	the whole “years of service” credited to the Patrons Plan participant as of the Merger Date under the terms of the Patrons Plan in effect on such date; and

  

	 	(ii)	one month of Service for each month of employment with Patrons or a Related Employer during the period beginning on the anniversary of the Patrons Plan
participant’s “Employment Commencement Date” that next precedes the Merger Date and ending on the Merger Date (the “Service Transition Period”); provided, however, that Service under this paragraph (ii) shall be
granted only with respect to Patrons Plan participants who, during the Service Transition Period, have not completed 1,000 Hours of Service or more in such service (and who, therefore, are not entitled to a “year of service” under
paragraph (i)). Notwithstanding the forgoing, there shall be no duplication of Service hereunder with respect to any single period of employment. 

  
 76

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00190-of-00352.parquet"}]]