Document:

Exhibit
10.47.3

IMS HEALTH
INCORPORATED

SAVINGS EQUALIZATION PLAN

As Amended and Restated Effective January 1, 2005

I.              Purpose of the Plan

The purpose of the
IMS Health Incorporated Savings Equalization Plan (the “Plan”) is to provide a
means of equalizing the benefits of those employees participating in the IMS
Health Incorporated Savings Plan (the “401(k) Plan”) whose matching
contributions under the 401(k) Plan are or will be limited by the application
of Sections 401(a)(17) or 415 of the Internal Revenue Code of 1986, as amended
(the “Code”), or by reason of the exclusion from the definition of compensation
under the 401(k) Plan of amounts deferred under any nonqualified deferred
compensation plan maintained by IMS Health Incorporated (the “Corporation”).  The Plan is intended to be an “excess benefit
plan” as that term is defined in section 3(36) of the Employee Retirement
Income Security Act of 1974, as amended (“ERISA”) with respect to those
participants whose benefits under the 401(k) Plan have been limited by Section
415 of the Code, and a plan which is unfunded and is maintained by an employer
primarily for the purposes of providing deferred compensation for a select
group of management or highly compensated employees for purposes of ERISA.

II.            Participation in the Plan

All members of the
401(k) Plan shall be eligible to participate in this Plan whenever their
benefits under the 401(k) Plan as from time to time in effect would exceed the
limitations on benefits and contributions imposed by Sections 401(a)(17) or 415
of the Code or would be limited by reason of the exclusion from the definition
of compensation under the 401(k) Plan of amounts deferred under any
nonqualified deferred compensation plan maintained by the Corporation.  For purposes of this Plan, benefits of a
participant in this Plan shall be determined as though no provisions were
contained in the 401(k) Plan incorporating limitations imposed by Sections
401(a)(17) or 415 of the Code or excluding from the definition of compensation
under the 401(k) Plan amounts deferred under any nonqualified deferred
compensation plan maintained by the Corporation.

III.           Equalized
Benefits

If member participating contributions or Corporation
contributions to the 401(k) Plan for any calendar year are limited by reason of
the application of Sections 401(a)(17) or 415 of the Code or the exclusion from
the definition of compensation under the 401(k) Plan of amounts deferred under
any nonqualified deferred compensation plan maintained by the Corporation, the
Corporation shall pay the participant in this Plan, on March 15th of the
following year, an amount equal to:

(1)                                  the
Corporation matching contributions that otherwise would have been credited to
such participant’s account under the 401(k) Plan if the limitations imposed by
Sections 401(a)(17) and 415 of the Code 

and the exclusion from
the definition of compensation under the 401(k) Plan of amounts deferred under
any nonqualified deferred compensation plan maintained by the Corporation did
not apply, plus

(2)                                  an
interest factor equal to one-half of the annual return which would have been
received by the participant had such payment been invested eighty percent (80%)
in the fixed income fund and twenty percent (20%) in the equity index fund
available as investment funds under the 401(k) Plan during the year prior to
the year of payment, less

(3)                                  any
applicable withholding taxes.

IV.           Death

Upon the death of
a participant in this Plan, the benefits otherwise payable to such participant
pursuant to Article III shall be paid at the time provided in Article III to
such participant’s designated beneficiary and in the absence of any such
designation, to such participant’s estate.

V.            Administration of the Plan

The Corporation
shall administer the Plan, except that any action authorized to be taken by the
Corporation hereunder may also be taken by any committee or person(s) duly
authorized by the Board of Directors of the Corporation or the duly authorized
delegees of such duly authorized committee or person(s).  The Corporation shall have full authority to
determine all questions arising in connection with the Plan, including
interpreting its provisions and construing all of its terms; may adopt
procedural rules; and may employ and rely on such legal counsel, such actuaries,
such accountants and such agents as it may deem advisable to assist in the
administration of the Plan.  All of its
rules, interpretations and decisions shall be applied in a uniform manner to
all participants similarly situated and decisions of the Corporation shall be
conclusive and binding on all persons.

VI.           Claims

Presentation of
Claims.  Claims for
benefits shall be filed in writing with the Plan Administrator.  Written or electronic notice of the
disposition of a claim shall be furnished to the claimant within 90 days after
the claim is filed (or within 180 days if special circumstances require an
extension of time for processing the claim and if notice of such extension and
circumstances is provided to the claimant within the initial 90-day period.)

Claims Denial Notification.  If a claim is wholly or partially denied, the
Plan Administrator shall furnish to the claimant a written notice setting forth
in a manner calculated to be understood by the claimant:

·                  the
specific reason(s) for denial;

 2
 

·                  specific
reference(s) to pertinent Plan provisions on which any denial is based;

·                  a
description of any additional material or information necessary for the
claimant to perfect the claim, and an explanation of why such material or
information is necessary;

·                  an
explanation of the Plan’s claims review procedures and the applicable time
limits for such procedures; and

·                  a
statement that the claimant has a right to bring a civil action under Section
502(a) of ERISA following an adverse determination on review.

Claims Review
Procedure.  Upon a
denial, the claimant is entitled (either in person or by his duly authorized
representative) to:

·      request
a subsequent review of the claim by the Plan Administrator upon written
application for review made to the Plan Administrator.  In the case of a denial as to which written
notice of denial has been given to the claimant, any such request for review of
the claim must be made within 60 days after receipt by the claimant of such
notice.  A claimant must submit a written
application for review before the claimant is permitted to bring a civil action
for benefits;

·      review
pertinent documents relating to the denial; and

·      submit
written comments, documents, records and other information relating to the
claim.

Timing.  The Plan Administrator shall make its
decision and notify the claimant with respect to a claim not later than 60 days
after receipt of the request.  Such
60-day period may be extended for another period of 60 days if the Plan Administrator
finds that special circumstances require an extension of time for processing
and notice of the extension and special circumstances is provided to the
claimant within the initial 60-day period.

Final Decision.  The claim for review shall be given a full
and fair review that takes into account all comments, documents, records and
other information submitted that relates to the claim, without regard to
whether such information was submitted or considered in the initial benefit
determination.  The Plan Administrator
shall provide the claimant with written or electronic notice of the decision in
a manner calculated to be understood by the claimant.  The notice shall include specific reasons for
the decision, specific references to the pertinent Plan provisions on which the
decision is based, a statement that the claimant has a right to bring a civil
action under Section 502(a) of ERISA, and a statement that the claimant is
entitled to receive, upon request and free of charge, reasonable access to and
copies of all documents, records and other information relevant to the
claim.  A document is relevant to the
claim if it was relied upon in making the determination, was submitted,
considered or generated in the course of making the determination or demonstrates
that benefit determinations are made in accordance with the Plan and that Plan
provisions have been applied consistently with respect to similarly situated
claimants.

 3
 

Arbitration. Any dispute
or controversy arising under or in connection with the Plan shall be settled
exclusively by arbitration in Fairfield, Connecticut in accordance with the
rules of the American Arbitration Association in effect at the time of such
arbitration.  Upon submission of
invoices, the Corporation shall promptly pay or reimburse all reasonable costs
and expenses (including fees and disbursements of counsel and pension experts)
incurred to assert rights under this Plan or in any proceeding in connection
therewith, brought by a participant or beneficiary, whether or not such
participant or beneficiary is ultimately successful in enforcing such rights or
in such proceeding; provided, however, that no reimbursement shall be owed with
respect to expenses relating to any unsuccessful assertion of rights or
proceeding if and to the extent that such assertion or proceeding was initiated
or maintained in bad faith or was frivolous as determined by the arbitrators or
a court having jurisdiction over the matter, in which case any amounts
previously paid by the Corporation shall be promptly repaid.

V.            Miscellaneous

This Plan may be
terminated at any time by the Board of Directors of the Corporation, in which
event the rights of participants to their accrued benefits shall become
nonforfeitable.  This Plan may also be
amended at any time by the Board of Directors of the Corporation, except that
no such amendment shall deprive any participant of benefits accrued at the time
of such amendment.  Notwithstanding the
foregoing, the Employee Benefits Committee of the Corporation may amend the Plan
without the approval of the Board of Directors of the Corporation with respect
to amendments that such Committee determines do not have a significant effect
on the cost of the Plan.

Benefits payable
under this Plan shall not be funded and shall be made out of the general funds
of the Corporation; provided, however, that the Corporation reserves the right
to establish a trust fund as an alternate source of benefits payable under the
Plan and to the extent payments are made from such trust, such payments will
satisfy the Corporation’s obligations under this Plan.

No right to
payment or any other interest under this Plan may be alienated, sold,
transferred, pledged, assigned, or made subject to attachment, execution, or
levy of any kind.

Nothing in this
Plan shall be construed as giving any employee the right to be retained in the
employ of the Corporation.  The
Corporation expressly reserves the right to dismiss any employee at any time
without regard to the effect which such dismissal might have upon him under the
Plan.

The Corporation
may withhold from any benefits under the Plan an amount sufficient to satisfy
its tax withholding obligations.

This Plan shall be
construed, administered and enforced according to the laws of the State of
Connecticut applicable to contracts made and to
be performed in such state to the extent not preempted by federal law. Anything
in this Plan to the contrary notwithstanding, the terms of this Plan shall be
interpreted and applied in a manner consistent with the exception for
short-term deferrals under Section 1.409A-1(b)(4) of the Regulations under
Section 409A of the Code and 

 4
 

the
Corporation shall have no right to accelerate, defer or make any payment under
this Plan except to the extent permitted under Section 409A of the Code.  The Corporation shall have no obligation,
however, to reimburse any participant or beneficiary for any tax penalty or
interest payable or provide a gross-up payment in connection with any tax
liability of such participant or beneficiary under Section 409A of the Code
except that this provision shall not apply in the event of the Corporation’s
negligence or willful disregard in its interpretation of the application of
Section 409A of the Code and the Regulations thereunder to the Plan..

The
Corporation shall require any successor (whether direct or indirect, by
purchase, merger, consolidation or otherwise) to all or substantially all of
the business and/or assets of the Corporation to expressly assume and agree to
perform the obligations of the Corporation under this Plan in the same manner and
to the same extent that the Corporation would have been required to perform
such obligations if no such succession had taken place and such assumption
shall be an express condition to the consummation of any such purchase, merger,
consolidation or other transaction.

 5Exhibit 10.50.2

 

 

 

 

 

IMS HEALTH
INCORPORATED

U.S. EXECUTIVE
RETIREMENT PLAN

 

 

 

 

 

 

 

 

As Amended and
Restated Effective as of January 1, 2005

 

TABLE OF CONTENTS

	
  

  	
   

  	
   

  	
  Page

  
	
   

  	
   

  	
   

  	
   

  
	
  INTRODUCTION

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 1 - DEFINITIONS

  	
  1

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
  1.1

  	
  “Actuarial Equivalent Value”

  	
  1

  
	
   

  	
  1.2

  	
  “Affiliated Employer”

  	
  2

  
	
   

  	
  1.3

  	
  “Average Final Compensation”

  	
  2

  
	
   

  	
  1.4

  	
  “Basic Disability Plan”

  	
  2

  
	
   

  	
  1.5

  	
  “Basic Disability Plan Benefit”

  	
  2

  
	
   

  	
  1.6

  	
  “Basic Plan”

  	
  2

  
	
   

  	
  1.7

  	
  “Basic Plan Benefit”

  	
  3

  
	
   

  	
  1.8

  	
  “Board”

  	
  3

  
	
   

  	
  1.9

  	
  “Cause”

  	
  3

  
	
   

  	
  1.10

  	
  “CEO”

  	
  4

  
	
   

  	
  1.11

  	
  “Change in Control”

  	
  4

  
	
   

  	
  1.12

  	
  “Change in Control Agreement”

  	
  6

  
	
   

  	
  1.13

  	
  “Code”

  	
  7

  
	
   

  	
  1.14

  	
  “Committee”

  	
  7

  
	
   

  	
  1.15

  	
  “Company”

  	
  7

  
	
   

  	
  1.16

  	
  “Compensation”

  	
  7

  
	
   

  	
  1.17

  	
  “Covered Earnings”

  	
  7

  
	
   

  	
  1.18

  	
  “Deferred Vested Benefit”

  	
  8

  
	
   

  	
  1.19

  	
  “Disability” or “Disabled”

  	
  8

  
	
   

  	
  1.20

  	
  “Disability Benefits”

  	
  8

  
	
   

  	
  1.21

  	
  “Effective Date”

  	
  8

  
	
   

  	
  1.22

  	
  “Former Member”

  	
  8

  
	
   

  	
  1.23

  	
  “Good Reason”

  	
  8

  
	
   

  	
  1.24

  	
  “Lump Sum Election”

  	
  10

  
	
   

  	
  1.25

  	
  “Member”

  	
  10

  
	
   

  	
  1.26

  	
  “Other Disability Income”

  	
  10

  
	
   

  	
  1.27

  	
  “Other Retirement Income”

  	
  11

  
	
   

  	
  1.28

  	
  “Plan”

  	
  11

  
	
   

  	
  1.29

  	
  “Plan Administrator”

  	
  11

  
	
   

  	
  1.30

  	
  “Potential Change in Control”

  	
  12

  
	
   

  	
  1.31

  	
  “Regulations”

  	
  12

  
	
   

  	
  1.32

  	
  “Retirement”

  	
  12

  
	
   

  	
  1.33

  	
  “Retirement Benefits”

  	
  13

  
	
   

  	
  1.34

  	
  “Separation from Service”

  	
  13

  
	
   

  	
  1.35

  	
  “Service”

  	
  13

  
	
   

  	
  1.36

  	
  “Surviving Spouse”

  	
  14

  
	
   

  	
  1.37

  	
  “Surviving Spouse’s Benefits”

  	
  14

  

 

 i
 

 

	
  

  	
   

  	
   

  	
   

  
	
   

  	
  1.38

  	
  “Vested Former Member”

  	
  14

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 2 - PARTICIPATION

  	
  15

  
	
   

  	
   

  	
   

  
	
   

  	
  2.1

  	
  Commencement of Participation

  	
  15

  
	
   

  	
  2.2

  	
  Termination of Participation

  	
  15

  
	
   

  	
   

  	
   

  	
  15

  
	
  SECTION 3 - AMOUNT AND FORM OF BENEFITS

  	
  15

  
	
   

  	
   

  	
   

  
	
   

  	
  3.1

  	
  Retirement Benefits

  	
  15

  
	
   

  	
  3.2

  	
  Deferred Vested Benefit

  	
  17

  
	
   

  	
  3.3

  	
  Time and Form of
  Payment

  	
  19

  
	
   

  	
  3.4

  	
  Lump Sum Election

  	
  23

  
	
   

  	
  3.5

  	
  Cessation of Benefits

  	
  26

  
	
   

  	
  3.6

  	
  Notification of Cessation of Benefits

  	
  27

  
	
   

  	
  3.7

  	
  Repayment of Benefits Paid as Lump Sum

  	
  28

  
	
   

  	
  3.8

  	
  Change in Control

  	
  28

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 4 - DISABILITY BENEFITS

  	
  31

  
	
   

  	
   

  	
   

  
	
   

  	
  4.1

  	
  Disability Benefits

  	
  31

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 5 - SURVIVING SPOUSE’S BENEFITS

  	
  31

  
	
   

  	
   

  	
   

  
	
   

  	
  5.1

  	
  Death Prior to Benefit Commencement

  	
  31

  
	
   

  	
  5.2

  	
  Death On or After Benefit Commencement

  	
  32

  
	
   

  	
  5.3

  	
  Commencement of Surviving Spouse’s Benefit

  	
  32

  
	
   

  	
  5.4

  	
  Lump Sum Payment

  	
  32

  
	
   

  	
  5.5

  	
  Reduction

  	
  33

  
	
   

  	
   

  	
   

  	
   

  
	
  SECTION 6 - PLAN ADMINISTRATOR

  	
  33

  
	
   

  	
   

  	
   

  
	
   

  	
  6.1

  	
  Duties and Authority

  	
  33

  
	
   

  	
  6.2

  	
  Presentation of Claims

  	
  34

  
	
   

  	
  6.3

  	
  Claims Denial Notification

  	
  34

  
	
   

  	
  6.4

  	
  Claims Review Procedure

  	
  35

  
	
   

  	
  6.5

  	
  Timing

  	
  36

  
	
   

  	
  6.6

  	
  Final Decision

  	
  36

  

 

 ii
 

 

	
  

  	
   

  	
   

  	
   

  
	
  SECTION 7  - MISCELLANEOUS

  	
  37

  
	
   

  	
   

  	
   

  
	
   

  	
  7.1

  	
  Amendment; Termination

  	
  37

  
	
   

  	
  7.2

  	
  Termination

  	
  37

  
	
   

  	
  7.2

  	
  No Employment Rights

  	
  39

  
	
   

  	
  7.4

  	
  Unfunded Status

  	
  39

  
	
   

  	
  7.5

  	
  Arbitration

  	
  40

  
	
   

  	
  7.6

  	
  No Alienation

  	
  40

  
	
   

  	
  7.7

  	
  Withholding

  	
  41

  
	
   

  	
  7.8

  	
  Governing Law

  	
  41

  
	
   

  	
  7.9

  	
  Successors

  	
  41

  
	
   

  	
  7.10

  	
  Integration

  	
  42

  

 

 iii

 

IMS HEALTH
INCORPORATED

U.S. EXECUTIVE
RETIREMENT PLAN

As Amended and
Restated Effective January 1, 2005

INTRODUCTION

Effective as of July 25, 2000, the IMS Health Incorporated U.S. Executive
Retirement Plan (the “Plan”) was established to provide a means of ensuring the
payment of a competitive level of retirement income and disability and survivor
benefits, and thereby attract, retain and motivate a select group of executives
of IMS Health Incorporated and its affiliated employers.  This document represents a complete
restatement of the Plan effective as of January 1, 2005. The provisions of this
amendment and restatement of the Plan shall apply to Members of the Plan who
have not retired or terminated employment with the Company as of January 1,
2005.  The rights to benefits, if any, of
any Former Member or Vested Former Member who retired or otherwise terminated
employment before January 1, 2005, together with the amount of such benefits,
shall continue to be governed by the provisions of the Plan in effect as of the
date of such retirement or termination of employment.

SECTION 1 - DEFINITIONS

 1.1                              “Actuarial
Equivalent Value” shall mean a benefit of equivalent value computed on the
basis of the mortality table and interest rate used to calculate accrued benefits
under the Basic Plan.

 1.2                              “Affiliated
Employer” shall mean an entity affiliated with the Company.

 1.3                              “Average
Final Compensation” shall mean a Member’s average annual Compensation
during the five consecutive 12-month periods in the last ten consecutive
12-month periods of his or her Service (or during the total number of
consecutive

12-month periods if fewer than five), immediately prior to the month
following the Member’s termination of employment with the Company or an
Affiliated Employer or, if earlier, removal from participation under this Plan,
affording the highest such Average Final Compensation.  If actual monthly Compensation for any month
during the 120-month computational period is unavailable, Compensation for such
month shall be determined by dividing the Member’s annual rate of base pay in
the month preceding such unavailable month by 12.

 1.4                              “Basic
Disability Plan” shall mean as to any Member the long-term disability plan
of the Company or an Affiliated Employer pursuant to which long-term disability
benefits are payable to such Member.

 1.5                              “Basic
Disability Plan Benefit” shall mean the amount of benefits payable to a
Member from the Basic Disability Plan.

 1.6                              “Basic
Plan” shall mean as to any Member or Vested Former Member the defined
benefit pension plan of the Company or an Affiliated Employer intended to meet
the requirements of Code Section 401(a) pursuant to which retirement benefits
are payable to such Member or Vested Former Member or to the Surviving Spouse
or designated beneficiary of a deceased Member or Vested Former Member.

 2
 

 1.7                              “Basic
Plan Benefit” shall mean the amount of benefits payable from the Basic Plan
to a Member or Vested Former Member.

 1.8                              “Board”
shall mean the Board of Directors of IMS Health Incorporated, except that any
action authorized to be taken by the Board hereunder may also be taken by a
duly authorized committee of the Board or its duly authorized delegees.

 1.9                              “Cause”.  A Member shall not be deemed to have been
terminated for “Cause” under this Plan unless such Member shall have been
terminated for “Cause” under the terms of such Member’s employment agreement or
Change in Control Agreement with the Company, if any.  If no such employment agreement or Change in
Control Agreement containing a definition of “Cause” shall be in effect, for
purposes of this Plan  “Cause” shall mean
a Member’s:

(a)                                  willful
and continued failure to substantially perform his or her duties (other than
any such failure resulting from incapacity due to physical or mental illness or
Disability or any failure after the issuance of a notice of termination by the
Member for Good Reason) which failure is demonstrably and materially damaging
to the financial condition or reputation of the Company and/or its Affiliated
Employers, and which failure continues more than 48 hours after a written
demand for substantial performance is delivered to the Member by the Board,
which demand specifically identifies the manner in which the Board believes
that the Member has not substantially performed his or her duties; or

 3
 

(b)                                 the
willful engaging by the Member in conduct which is demonstrably and materially
injurious to the Company, monetarily or otherwise.

No act, or failure to
act, on the part of the Member shall be deemed “willful” unless done, or
omitted to be done, by the Member not in good faith and without reasonable
belief that his or her action or omission was in the best interest of the
Company.  Notwithstanding the foregoing,
the Member shall not be deemed to have been terminated for Cause unless and
until there shall have been delivered to the Member a copy of the resolution
duly adopted by the affirmative vote of not less than three-quarters (3/4) of
the entire membership of the Board at a meeting of the Board (after reasonable
notice to the Member and an opportunity for the Member, together with the
Member’s counsel, to be heard before the Board) finding that, in the good faith
opinion of the Board, the Member was guilty of conduct set forth above in this
definition and specifying the particulars thereof in detail.

 1.10                        “CEO”
shall mean the Chief Executive Officer of the Company.

 1.11                        “Change
in Control”.  If a “Change in Control”
shall have occurred or shall be deemed to have occurred under the terms of a
Member’s or Vested Former Member’s Change in Control Agreement or employment
agreement with the Company, if any, then a “Change in Control” shall be deemed
to have occurred under this Plan. 
Otherwise a “Change in Control” shall be deemed to have occurred if:

 4
 

(a)                                  any
“Person” as such term is used for purposes of Sections 13(d) or 14(d) of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”) (other than
the Company, any trustee or other fiduciary holding securities under an
employee benefit plan of the Company, or any company owned, directly or
indirectly, by the stockholders of the Company in substantially the same
proportions as their ownership of stock of the Company), becomes the “Beneficial
Owner” (as defined in Rule 13d-3 of the Exchange Act), directly or indirectly,
of securities of the Company representing 20% or more of the combined voting
power of the Company’s then outstanding securities;

(b)                                 during
any period of 24 months (not including any period prior to the Effective Date),
individuals who at the beginning of such period constitute the Board, and any
new director (other than (i) a director nominated by a Person who has entered
into an agreement with the Company to effect a transaction described in
Sections 1.10(a), (c), or (d) hereof, (ii) a director nominated by any Person
(including the Company) who publicly announces an intention to take or to
consider taking actions (including, but not limited to, an actual or threatened
proxy contest) which if consummated would constitute a Change in Control, or
(iii) a director nominated by any Person who is the Beneficial Owner, directly
or indirectly, of securities of the Company representing 10% or more of the
combined voting power of the Company’s securities) whose election by the Board
or nomination for election by the Company’s stockholders was approved in
advance by a vote of at least two-thirds (2/3) of the directors then still in
office who either were directors at the beginning of the period or whose
election or nomination for

 5
 

election
was previously so approved, cease for any reason to constitute at least a
majority thereof;

(c)                                  any
transaction (or series of transactions) is consummated under which the Company
is merged or consolidated with any other company, other than a merger or
consolidation (i) which would result in the voting securities of the Company
outstanding immediately prior thereto continuing to represent (either by
remaining outstanding or by being converted into voting securities of the
surviving entity) more than 66 2/3% of the combined voting power of the voting
securities of the Company or such surviving entity outstanding immediately
after such merger or consolidation, and (ii) after which no “Person” holds 20%
or more of the combined voting power of the then outstanding securities of the
Company or such surviving entity;

(d)                                 a
sale or disposition by the Company of all or substantially all of the Company’s
assets is consummated or the stockholders of the Company approve a plan of
complete liquidation of the Company; or

(e)                                  the
Board adopts a resolution to the effect that, for purposes of this Plan, a
Change in Control has occurred.

 1.12                        “Change
in Control Agreement” shall mean any written agreement in effect between
any Member or Former Member or Vested Former Member and the Company or an Affiliated

 6
 

Employer
pursuant to which benefits may be payable to such Member or Former Member or
Vested Former Member in connection with a Change in Control.

 1.13                        “Code”
shall mean the Internal Revenue Code of 1986, as amended from time to time.

 1.14                        “Committee” shall mean the Compensation and Benefits Committee
of the Board or any successor thereto.

 1.15                         “Company”
shall mean IMS Health Incorporated.

 1.16                        “Compensation”
shall mean base salary, annual bonuses, commissions, overtime and shift pay, in
each case prior to reductions for elective contributions under Sections 401(k),
125 and 132(f)(4) of the Code and deferred compensation under any nonqualified
deferred compensation plan. 
Notwithstanding the foregoing, Compensation shall exclude severance pay
(including, without limitation, severance pay under the Company’s Employee
Protection Plan), stay-on bonuses, long-term bonuses, retirement income,
change-in-control payments, contingent payments, amounts paid under this Plan
(other than Disability Benefits) or any other retirement plan or deferred
compensation plan, income derived from stock options, stock appreciation rights
and other equity-based compensation and other forms of special remuneration.

 1.17                        “Covered
Earnings” shall mean a Member’s Compensation in the 12 months immediately
preceding the onset of the Member’s Disability.

 7
 

 1.18                        “Deferred
Vested Benefit” shall mean the benefits described in Section 3.2(b) hereof.

 1.19                        “Disability”
or “Disabled” shall mean disability or disabled for purposes of the Basic
Disability Plan.

 1.20                        “Disability
Benefits” shall mean the benefits provided as described in Section 4.1(b)
hereof.

 1.21                        “Effective
Date” shall mean July 25, 2000.  The
effective date of this amendment and restatement of the Plan shall mean January
1, 2005.

 1.22                        “Former
Member” shall mean (i) a Member whose employment with the Company or an
Affiliated Employer terminates with a 
Vested Percentage equal to 0%, or (ii) a Member who was removed from
participation in the Plan, in accordance with Section 2.2 hereof, with a Vested
Percentage equal to 0%.

 1.23                        “Good
Reason”.  If a Member shall have
terminated employment for “Good Reason” under the terms of such Member’s Change
in Control Agreement or employment agreement with the Company, if any, then
such Member shall be deemed to have terminated employment for “Good Reason”
under this Plan.  Otherwise “Good Reason”
shall mean, without the Member’s express written consent, the occurrence of any
of the following circumstances unless such circumstances are fully corrected
prior to the date of termination specified in the notice of termination given
in respect thereof:

 8
 

(a)                                  the
assignment to the Member of any duties inconsistent with the Member’s position
in the Company, or an adverse alteration in the nature or status of the Member’s
responsibilities or the conditions of the Member’s employment;

(b)                                 a
reduction by the Company in the Member’s annual base salary, target bonus or
perquisites except for across-the-board perquisite reductions similarly affecting
all senior executives of the Company and all senior executives of any Person,
as such term is used for purposes of Sections 13(d) or 14(d) of the Securities
Exchange Act of 1934, as amended, in control of the Company;

(c)                                  the
relocation of the principal place of the Member’s employment to a location more
than 50 miles from the location of such place of employment; for this purpose,
required travel on the Company’s business will not constitute a relocation so
long as the extent of such travel is substantially consistent with the Member’s
customary business travel obligations;

(d)                                 the
failure by the Company to pay to the Member any portion of the Member’s
compensation or to pay to the Member any portion of an installment of deferred
compensation under any deferred compensation program of the Company within
seven days of the date such compensation is due;

(e)                                  the
failure by the Company to continue in effect any material compensation or
benefit plan in which the Member participated unless an equitable arrangement
(embodied in an ongoing substitute or alternative plan) has been made with

 9
 

respect
to such plan, or the failure by the Company to continue the Member’s
participation therein (or in such substitute or alternative plan) on a basis
not materially less favorable, both in terms of the amounts of benefits
provided and the level of the Member’s participation relative to other
participants;

(f)                                    the
failure of the Company to obtain a satisfactory agreement from any successor to
the Company to fully assume the Company’s obligations and to perform under this
Plan, as contemplated in Section 7.9 hereof;

(g)                                 with
respect to any Member who is a party to an employment agreement or a Change in
Control Agreement, any purported termination of such Member’s employment that
is not effected pursuant to the notice provisions, if any, in such Member’s
employment agreement or Change in Control Agreement.

 1.24                        “Lump
Sum Election” shall mean an election to receive all or a portion of the
benefits payable hereunder in a lump sum pursuant to Section 3.4 hereof.

 1.25                        “Member”
shall mean an employee of the Company or an Affiliated Employer who becomes a
participant in the Plan pursuant to Section 2, but excludes any Former Member
or Vested Former Member.

 1.26                        “Other
Disability Income” shall mean (i) the disability insurance benefit that the
Member is entitled to receive under the Federal Social Security Act while he or
she is receiving the Basic Disability Plan Benefit and (ii) the disability
income payable to a Member from

 10
 

any supplemental
executive disability plan of the Company or any Affiliated Employer or from any
other contract, agreement or other arrangement with the Company or an
Affiliated Employer (excluding any Basic Disability Plan).

 1.27                        “Other
Retirement Income” shall mean the retirement income payable to a Member or
Vested Former Member from any ‘excess benefit plan’ as that term is defined in
Section 3(36) of the Employee Retirement Income Security Act of 1974, as
amended (“ERISA”), (increased by the amount of benefits, if any, payable from
the Pension Benefit Equalization Plan of The Dun & Bradstreet Corporation),
any plan described in Section 201(2) of ERISA, and any other contract,
agreement or other arrangement providing a defined pension benefit or defined
contribution retirement benefit, in any case, maintained or entered into with
the Company or an Affiliated Employer (excluding this Plan, any Basic Plan, any
defined contribution plan intended to meet the requirements of Code Section
401(a) and any elective plan of deferred compensation).

 1.28                         “Plan”
shall mean the IMS Health Incorporated U.S. Executive Retirement Plan, as
embodied herein, and any amendments thereto.

 1.29                        “Plan
Administrator” shall mean the Company, except that any action authorized to
be taken by the Plan Administrator hereunder may also be taken by any committee
or person(s) duly authorized by the Board or the duly authorized delegees of
such duly authorized committee or person(s).

 

 11

 1.30                        “Potential
Change in Control”.  If a “Potential
Change in Control” shall have occurred or shall be deemed to have occurred
under the terms of a Member’s Change in Control Agreement or employment
agreement with the Company, if any, a “Potential Change in Control” shall be
deemed to have occurred under this Plan, otherwise a “Potential Change in
Control” shall be deemed to have occurred if:

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

(b)                                 any
Person (including the Company), as defined in Section 1.11(a) hereof, publicly
announces an intention to take or to consider taking actions which if
consummated would constitute a Change in Control; or

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

 1.31                        “Regulations” shall mean proposed and
final Treasury Regulations, as the same may be amended from time to time.

 1.32                        “Retirement”
shall mean the termination of a Member’s or Vested Former Member’s employment
with the Company or an Affiliated Employer other than by reason of death or
Disability after attaining age 55 and completing one year of Service, or if
Disability Benefits have been paid under the Plan to a Member or Vested  Former Member, the later of the cessation of
the payment of such Disability Benefits or the 
Member’s or Vested 

 12
 

Former
Member’s attainment of age 55.  In
determining whether age 55 has been attained under this definition, there shall
be included as years of age the number of additional years credited as “age”
for purposes of the Plan to the Member or Vested Former Member under this Plan,
a then-effective employment agreement between the Company and such person, a
then-effective Change in Control Agreement between the Company and such person,
or otherwise as approved by the Committee.

 1.33                        “Retirement
Benefits” shall mean the benefits described in Section 3.1(b) hereof.

 1.34                        “Separation from Service” shall mean
termination of employment with the Company and any Affiliated Employer.  Whether a Member or Vested Former Member has
had a Separation of Service shall be determined by the Plan Administrator on
the basis of all relevant facts and circumstances and with reference to
Regulations Section 1.409A-1(h).

 1.35                         “Service”
shall mean a Member’s service defined as Vesting Service in the Basic Plan,
which is taken into account for vesting purposes thereunder (including any such
service prior to the date such individual becomes a Member but not including
any such service after participation hereunder terminates), except that (a)
Service will also include that period of time during which the Member is
receiving Disability Benefits under this Plan; (b) if a Member was employed by
a company acquired by the Company or an Affiliated Employer after the Effective
Date, such Member’s service with that company prior to the date of acquisition
will not constitute Service hereunder unless otherwise approved by the
Committee; (c) upon commencement of participation hereunder in accordance with
Section 2.1 hereof, the Committee may limit any service otherwise to constitute
Service

 13
 

hereunder
with respect to periods prior to the date of participation in the Plan; and (d)
no service of a Former Member or Vested Former Member during any period after
removal from participation under Section 2.2 shall constitute Service for
purposes of the Plan.  The foregoing
notwithstanding, there shall be included as Service for all purposes under the
Plan the number of additional years (or other additional period) credited as “service”
for purposes of the Plan to the Member or Former Member or Vested Former Member
under this Plan,  an employment agreement
between the Company or an Affiliated Employer and such person or a Change in Control
Agreement in effect at the time of such person’s termination of employment, or
otherwise approved by the Committee.

 1.36                        “Specified Employee” shall mean an
employee who satisfies the requirements for being designated a “key employee”
under Section 416(i)(1)(A)(i), (ii) or (iii) of the Code without regard to
Section 416(i)(5) of the Code at any time during a calendar year, in which case
such employee shall be considered a Specified Employee for the twelve-month
period beginning on the first day of the fourth month immediately following the
end of such calendar year.

 1.37                        “Surviving
Spouse” shall mean the spouse of a deceased Member or Vested Former Member
to whom such Member or Vested Former Member is married under applicable state
law immediately preceding such Member or Vested Former Member’s death.

 1.38                        “Surviving
Spouse’s Benefits” shall mean the benefits described in Section 5 hereof.

 14
 

 1.39                        “Vested
Former Member” shall mean (i) a Member whose employment with the Company or
an Affiliated Employer terminates on or after the date on which his or her
Vested Percentage is greater than 0%, or (ii) a Member who was removed from
participation in the Plan, in accordance with Section 2.2 hereof, on or after
the date on which his or her Vested Percentage is greater than 0%.

SECTION 2 -
PARTICIPATION

 2.1                              Commencement
of Participation.  Such key
executives of the Corporation and its Affiliated Employers as are designated by
the CEO in writing and approved by the Committee shall participate in the Plan
as of a date determined by the Committee.

 2.2                              Termination
of Participation.  A Member’s
participation in the Plan shall terminate upon termination of his or her
employment with the Company or any Affiliated Employer. Prior to termination of
employment, a Member may be removed, upon written notice by the CEO, and as
approved by the Committee, from further participation in the Plan. As of the
date of termination or removal, no further benefits shall accrue to such
individual hereunder.

SECTION 3 - AMOUNT AND
FORM OF BENEFITS

 3.1                              Retirement
Benefits.

(a)                                  Eligibility.   Upon the Retirement of a Member or Vested
Former Member from the Company or an Affiliated Employer, he or she shall be
entitled to receive a

 15
 

percentage
(the “Vested Percentage”) of the Retirement Benefit described in Section 3.1(b)
hereof, payable in the form specified in Section 3.3.  Notwithstanding the provisions of Section
1.30 of the Plan to the contrary, solely for the purpose of determining the
Vested Percentage under the following schedule, Service shall exclude any such
service prior to the date the individual becomes a Member, except to the extent
otherwise determined by the Chief Executive Officer of the Company, in his or
her sole discretion.

	
  If the Member’s Service is:

  	
   

  	
  The Vested Percentage is:

  	
   

  
	
  Less than 1 year

  	
   

  	
  0

  	
  %

  
	
  At least 1 but
  less than 2 years

  	
   

  	
  33

  	
  %

  
	
  At least 2 but
  less than 3 years

  	
   

  	
  67

  	
  %

  
	
  3 or more years

  	
   

  	
  100

  	
  %

  

 

(b)                                 Amount.  The Retirement Benefit of a Member or Vested
Former Member shall be an annual benefit equal to the difference between (i)
and the sum of (ii) and (iii), where:

(i)                                     is
1.67% of his or her Average Final Compensation multiplied by the number of his
or her years of Service not in excess of 36 years;

(ii)                                  is
the Basic Plan Benefit payable to the Member or Vested Former Member as of the
date of his or her Retirement expressed in the form of an annual life annuity,
or, if the Basic Plan Benefit becomes payable after the Member’s or Vested
Former Member’s Retirement, the Actuarial 

 16
 

Equivalent
Value of the Basic Plan Benefit payable in the form of an annual life annuity
as of such date, regardless of whether such date precedes the earliest possible
payment date under the terms of the Basic Plan;

(iii)                               is the Other Retirement
Income payable to the Member or Vested Former Member as of the date of his or
her Retirement expressed in the form of an annual life annuity, or, if the
Other Retirement Income becomes payable after the Member’s or Vested Former
Member’s Retirement, the Actuarial Equivalent Value of the Other Retirement
Income payable in the form of an annual life annuity as of such date,
regardless of whether such date precedes the earliest possible payment date
under the terms of the appropriate retirement arrangement.

 3.2                              Deferred
Vested Benefit.

(a)                                  Eligibility.  Each Member and Vested Former Member who has
a Vested Percentage (as defined below) greater than 0% and whose employment
with the Company or an Affiliated Employer terminates prior to Retirement, for
a reason other than Cause, death or Disability, shall be entitled to receive a
percentage (the “Vested Percentage”) of the Deferred Vested Benefit described
in Section 3.2(b) hereof, payable in the form specified in Section 3.3.  Notwithstanding the provisions of Section
1.30 of the Plan to the contrary, solely for the purpose of determining the
Vested Percentage under the following schedule, Service shall 

 17
 

exclude
any such service prior to the date the individual becomes a Member,  except to the extent otherwise determined by
the Chief Executive Officer of the Company, in his or her sole discretion.

	
  If the Member’s Service is:

  	
   

  	
  The Vested Percentage is:

  	
   

  
	
  Less than 1 year

  	
   

  	
  0

  	
  %

  
	
  At least 1 but
  less than 2 years

  	
   

  	
  33

  	
  %

  
	
  At least 2 but
  less than 3 years

  	
   

  	
  67

  	
  %

  
	
  3 or more years

  	
   

  	
  100

  	
  %

  

 

(b)                                 Amount.  The Deferred Vested Benefit of a Member or
Vested Former Member who terminates and who meets the eligibility requirements
of Section 3.2(a) shall be an annual benefit equal to the difference between
(i) and the sum of (ii) and  (iii),
where:

(i)                                     is
1.67% of his or her Average Final Compensation multiplied by the number of his
or her years of Service not in excess of 36;

(ii)                                  is
the Basic Plan Benefit payable to the Member or Vested Former Member as of the
date his or her Deferred Vested Benefit commences expressed in the form of an
annual life annuity, or, if the Basic Plan Benefit becomes payable after the
Member’s or Vested Former Member’s Deferred Vested Benefit commences, the
Actuarial Equivalent Value of the Basic Plan Benefit payable in the form of an
annual life annuity as of

 18
 

such
date, regardless of whether such date precedes the earliest possible payment
date under the terms of the Basic Plan;

(iii)                               is the Other Retirement
Income payable to the Member or Vested Former Member as of the date his or her
Deferred Vested Benefit commences expressed in the form of an annual life
annuity, or, if the Other Retirement Income becomes payable after the Member’s
or Vested Former Member’s Deferred Vested Benefit commences, the Actuarial
Equivalent Value of the Other Retirement Income payable in the form of an
annual life annuity as of such date, regardless of whether such date precedes
the earliest possible payment date under the terms of the appropriate
retirement arrangement.

 3.3                              Time
and Form of Payment.

(a)                                  Except
as provided under Section 3.3(b) or Section 3.3(c), the Retirement Benefit or
Deferred Vested Benefit under this Plan, as the case may be, shall be payable
in monthly installments in the form of a straight life annuity and without
regard to any optional form of benefits elected under the Basic Plan.  Payments shall commence as of the first day
of the calendar month coinciding with or next following (i) the earlier of the
date the Member or Vested Former Member attains age 65 or the date of the
Member’s or Vested Former Member’s Retirement, in the case of Retirement
Benefits or (ii) the later of the date the Member or Vested

 19
 

Former
Member attains age 55 or terminates employment, in the case of Deferred Vested
Benefits.

(b)                                 If
a Member or Vested Former Member has made a Lump Sum Election pursuant to
Section 3.4, the Retirement Benefit, or Deferred Vested Benefit under this
Plan, as the case may be, shall be payable in the form or combination of forms
of payment elected pursuant to such Lump Sum Election under Section 3.4 and
without regard to any optional form of benefits elected under the Basic
Plan.  Any portion of the benefits
hereunder payable in a lump sum shall be paid on the first day of the calendar
month next following the calendar month in which occurs (i) the earlier of the
date the Member or Vested Former Member attains age 65 or the date of the
Member’s or Vested Former Member’s Retirement, in the case of Retirement
Benefits or (ii) the later of the date the Member or Vested Former Member
attains age 55 or terminates employment, in the case of Deferred Vested
Benefits.

(c)                                  Notwithstanding
any Lump Sum Election made (or not made) under Section 3.4, if the lump sum
value, determined in the same manner as provided under Section 3.4(a), of a
Member’s or Vested Former Member’s Retirement, or Deferred Vested Benefit is
$10,000 or less at the time such benefit is payable under this Plan, such
benefit shall be payable as a lump sum at the time provided in Section 3.3(b)
provided that the benefits payable to or on behalf of such Member under all
similar arrangements that would constitute a nonqualified deferred compensation
plan under the Regulations are being paid at the same time.

 20
 

(d)                                 Anything
in this Plan to the contrary notwithstanding, payment
to any Specified Employee upon Separation from Service shall not be made before
the date that is six months after the date of Separation from Service (or, if
earlier, the date of death of such Specified Employee). Any payment due within
such six-month period will be adjusted to reflect the deferred payment date by
multiplying the payment by the product of the six-month CMT Treasury Bill
annualized yield rate as published by the U.S. Treasury for the date on which
such payment would have been made but for the delay multiplied by a fraction,
the numerator of which is the number of days by which such payment was delayed
and the denominator of which is 365. In the event such Specified Employee’s
Retirement Benefit or Deferred Vested Benefit is paid in the form of an
annuity, the adjusted annuity payments to which such Specified Employee would
otherwise be entitled during such six months shall be accumulated and paid on
the first annuity payment date of the seventh month following such Specified
Employee’s Separation from Service.  In
the event such Specified Employee has elected payment of all or part of his or
her Retirement Benefit or Deferred Vested Benefit in the form of a lump sum,
the adjusted lump sum payment shall be made at the beginning of the seventh
month following such Specified Employee’s Separation from Service.  The six-month delay in payment described
herein shall not apply, however, to any payment made under the circumstances
described in Section 3.3 (e).

(e)                                  The
provisions of Sections 3.3(a), (b) and (d) to the contrary notwithstanding, a
payment to or on behalf of a Member or Vested Former Member shall be
accelerated under each of the following circumstances:

 21
 

(i)                                     if
payment is required to be made to an individual other than the Member or Vested
Former Member to fulfill a domestic relations order as defined in Section
414(p)(1)(B) of the Code; or

(ii)                                  if
payment is necessary to satisfy requirements established pursuant to a written
determination by the Office of Government Ethics that:  (A) divestiture of the financial interest or
termination of the financial arrangement is reasonably necessary to comply with
any Federal conflict of interest statute, regulation, rule or executive order
(including Section 208 of Title 18, United States Code), or is requested by a
congressional committee as a condition of confirmation; and (B) specifies the
financial interest to be divested or terminated.

(f)                                    The
provisions of Sections 3.3(a) and (b) to the contrary notwithstanding, a payment
to a Member or Vested Former Member (or his or her Surviving Spouse) may be
delayed to a date after the designated Benefit Payment Date if calculation of
the amount of the payment is not administratively practicable due to events
beyond the control of the Member or Vested Former Member (or his or her
Surviving Spouse) and such delay is for reasons that are commercially
reasonable, provided that payment is made as soon as payment is
administratively practicable.

 

 22

3.4                                 Lump
Sum Election.

(a)                                  A
Member or Vested Former Member may elect to receive all, none, or a specified
portion, as provided in Section 3.4(e), of his or her Retirement Benefit or
Deferred Vested Benefit under the Plan as a lump sum and to receive any balance
of such benefit in the form of an annuity; provided that any such Lump Sum
Election shall be effective for purposes of this Plan only if the conditions of
Section 3.4(b), (c) or (d) are satisfied. 
The amount of any portion of a Member’s or a Vested Former Member’s
Retirement Benefit or Deferred Vested Benefit payable as a lump sum under this
Section 3.4 shall equal the present value of such portion of the benefit, and
such present value shall be determined (i) on the assumption that it is payable
in the form of a joint and 50 percent survivor annuity if such Member or Vested
Former Member is married; and (ii) on the basis of (A) a discount rate equal to
85% of the average of the 15-year non-callable U.S. Treasury bond yields (or,
in the event that 15-year non-callable U.S. Treasury bond yields are
unavailable, such proxy for the same as the Plan Administrator may reasonably
select) as of the close of business on the last business day of each of the
three months immediately preceding the date provided in Section 3.3(a) as of
which monthly installments would otherwise commence, as modified by Section
3.8(a)(i) if applicable and (B) using the 1983 Group Annuity Mortality Table.

(b)                                 An individual who is expected to become a Member
shall elect, on forms to be provided by the Plan Administrator, whether payment
of all or any portion of the 

 23
 

Retirement Benefit or Deferred
Vested Benefit to which such Member may become entitled shall be paid in a lump
sum or as an annuity.  The election must
be filed with the Plan Administrator prior to the commencement of participation
in order to be effective.

(c)                                  Notwithstanding Section 3.4(b), a Member or Vested
Former Member (i) who has accrued a Retirement Benefit or Deferred Vested
Benefit with respect to periods prior to January 1, 2008, and (ii) to whom
distributions have not commenced, shall be permitted to make the lump sum
election described in Section 3.4(b) one or more times on or before December
31, 2007 (or such later date as may be specified by the Internal Revenue
Service in Regulations or other guidance interpreting Section 409A of the Code)
provided that any such election shall be made in writing on such form as the
Plan Administrator may reasonably require and, provided further, that (A) with
respect to an election made on or after January 1, 2006 and on or before
December 31, 2006, the election may apply only to Retirement Benefits or
Deferred Vested Benefits that would not otherwise be payable in 2006 and may
not cause a Retirement Benefit or Deferred Vested Benefit to be paid in 2006
that would not otherwise be payable in 2006; and (b) with respect to an
election made on or after January 1, 2007 and on or before December 31, 2007,
the election may apply only to Retirement Benefits or Deferred Vested Benefits
that would not otherwise be payable in 2007 and may not cause a Retirement
Benefit or Deferred Vested Benefit to be paid in 2007 that would not otherwise
be payable in 2007.

 24
 

(d)                                 A
Member or Vested Former Member may make subsequent lump sum elections on and
after January 1, 2008, on forms to be provided by the Plan Administrator, to
change the form of payment of his or her Retirement Benefit or Deferred Vested
Benefit under the following conditions:

(i)                                     No
such subsequent election shall be effective until 12 months after the date such
election is filed with the Plan Administrator;

(ii)                                  Except
in the event of payment upon death, any such subsequent election must be filed
with the Plan Administrator at least 12 months prior to the earliest date on
which the Member’s Retirement Benefit or Deferred Vested Benefit could be
payable pursuant to the Member’s last election;

(iii)                               Except
in the event of payment upon death, the date on which the Member’s Retirement
Benefit or Vested Former Member’s Deferred Vested Benefit is paid or commences
to be paid shall be deferred by not less than five years  from the date on which such Retirement
Benefit or Deferred Vested Benefit would have been paid or commenced under the
Member’s or Vested Former Member’s last election.  An annuity form of payment shall be treated
as an entitlement to a single payment in accordance with the provisions of the
Regulations and such five-year delay shall apply to all payments under the
annuity.

 25
 

(e)                                  A
Member or Vested Former Member making an election under Section 3.4(a) may
specify the portion of his Retirement Benefit or Deferred Vested Benefit under
the Plan to be received in a lump sum as follows:  0%, 25%, 50%, 75%, or 100%.

 3.5                              Cessation
of Benefits.  Subject to Section 3.8
hereof, no benefits or no further benefits, as the case may be, shall be paid
to a Member, Vested Former Member or Surviving Spouse if the Member or Vested
Former Member has:

(a)                                  become
a stockholder (unless such stock is listed on a national securities exchange or
traded on a daily basis in the over-the-counter market and the Member’s or
Vested Former Member’s ownership interest is not in excess of 2% of the company
whose shares are being purchased), employee, officer, director or consultant of
or to a company, or a member or an employee of or a consultant to a partnership
or any other business or firm, which competes with any of the businesses
identified in the Company’s Employee Protection Plan, or such Member or Vested
Former Member accepts any form of compensation from such competing entity;

(b)                                 been
discharged from employment with the Company or any Affiliated Employer for
Cause;

(c)                                  failed
to retain in confidence any and all confidential information concerning the
Company or any Affiliated Employer and its respective business which was 

 26
 

known
or became known to the Member or Vested Former Member, except as otherwise
required by law and except information (i) ascertainable or obtained from
public information, (ii) received by the Member or Vested Former Member at any
time after the Member’s or Vested Former Member’s employment by the Company or
any Affiliated Employer terminated, from a third party not employed by or
otherwise affiliated with the Company or any Affiliated Employer, or (iii)
which was or became known to the public by any means other than a breach of
this Section 3.5; or

(d)                                 made
disparaging comments about the Company or any Affiliated Employer in any
communications, written or oral, with any individual, company, government body
or agency or any other entity whatsoever. 
For purposes hereof,  “disparage”
shall mean any communication, including, but not limited to, any statements,
actions or insinuations, made either directly or through a third party, that
would tend to lessen the standing or stature of 
the Company or any Affiliated Employer in the eyes of a customer, a
prospective customer, a shareholder or a prospective shareholder.

 3.6                              Notification
of Cessation of Benefits.  Subject to
Section 3.8 hereof, in any case described in Section 3.5, the Member, Vested
Former Member or Surviving Spouse shall be given prior written notice that no
benefits or no further benefits, as the case may be, will be paid to such
Member, Vested Former Member or Surviving Spouse.  Such written notice shall specify the
particular act(s), or failures to act, and the basis on which the decision to
cease paying his or her benefits has been made.

 27
 

3.7                                 Repayment
of Benefits Paid as Lump Sum.

(a)                                  Subject
to Section 3.8 hereof, a Member or Vested Former Member who receives in a lump
sum any portion of his or her Retirement Benefit or Deferred Vested Benefit
pursuant to a Lump Sum Election, shall receive such lump sum portion of such
Retirement Benefit or Deferred Vested Benefit subject to the condition that if
such Member or Vested Former Member engages in any of the acts described in
Section 3.5, then such Member or Vested Former Member shall, within 60 days
after written notice by the Company, repay to the Company the amount described
in Section 3.7(b).

(b)                                 The
amount described in this Section shall equal the amount of the Member’s or
Vested Former Member’s lump sum benefit paid under this Plan to which such
Member or Vested Former Member would not have been entitled, if such lump sum
benefit had instead been payable in the form of an annuity under this Plan and
such annuity payments were subject to the provisions of Section 3.5.

 3.8                              Change
in Control.

(a)                                  Anything
in this Plan to the contrary notwithstanding:

(i)                                     Any
Member, whose employment with the Company or an Affiliated Employer is
involuntarily terminated by the Company or an Affiliated Employer at or within
two years following a Change in Control for a 

 28
 

reason
other than Cause or whose employment is voluntarily terminated by the Member
with Good Reason at or within two years following a Change in Control shall be
deemed to have completed three years of Service for purposes of Sections 3.1(a)
and 3.2(a) hereof and shall be credited with three additional years of Service
for purposes of calculating the benefits payable under Sections 3.1(b) or
3.2(b) hereof, as the case may be. 
Notwithstanding the provisions of Section 3.3 of this Plan to the
contrary, payment of the Actuarial Equivalent Value of such benefits shall be
made in the form provided in Section 3.3 commencing as provided in Section
3.3(a) or (b), as the case may be, provided that with respect to Deferred
Vested Benefits, the commencement of payment shall be determined without regard
to whether the Member has attained age 55 and, provided further, that the
Actuarial Equivalent Value of such benefits shall be determined by crediting
such Member with three additional years of age and on the assumption that
unreduced benefits are payable upon the Member’s attainment of age 55.  Moreover, for purposes of determining the
Actuarial Equivalent Value of such benefits payable in the form of a lump sum,
the interest and mortality factors specified in Section 3.4(a) shall
apply.  In addition, in the event that a
Member’s Service shall have been limited pursuant to Section 1.35(c) to disregard
Service prior to such Member’s participation in the Plan, such limitation shall
be eliminated in the event of such Member’s termination of employment at or
within two 

 29
 

years following a
Change in Control as provided above in this subsection (i).

(ii)                                  In
the event of a Potential Change in Control or Change in Control, the Company
shall, not later than 15 days thereafter, have established one or more
so-called “rabbi” trusts and shall deposit therein cash in an amount sufficient
to provide for full payment of all potential benefits payable under the Plan at
or following a Change in Control; provided,
however, that no such deposit shall be made if it would cause a violation
of  the funding limitations of Section
409A(b)(3) of the Code.  Such
rabbi trust(s) shall be irrevocable and shall provide that the Company may not,
directly or indirectly, use or recover any assets of the trust(s) until such
time as all obligations which potentially could arise hereunder have been
settled and paid in full, subject only to the claims of creditors of the
Company in the event of insolvency or bankruptcy of the Company; provided,
however, that if no Change in Control has occurred within two years after such
Potential Change in Control, such rabbi trust(s) shall at the end of such
two-year period become revocable and may thereafter be revoked by the Company.

(iii)                               The provisions of
Sections 3.5 through 3.7 shall be of no force or effect with respect to Members
who Retire or who have a Separation from Service for the reasons described in
Section 3.8(a)(i) within a two-year period following a Change in Control.

 30
 

SECTION
4 - DISABILITY BENEFITS

 4.1                             Disability
Benefits.

(a)                                  Eligibility.
A Member who is enrolled for the maximum disability insurance coverage
available under the Basic Disability Plan and who has become Disabled shall be
entitled to the Disability Benefit described in Section 4.1(b).

(b)                                 Amount.  The Disability Benefit of a Member entitled
thereto shall be an annual benefit payable in monthly installments under this
Plan during the same period as disability benefits are actually paid by the
Basic Disability Plan, in an amount equal to 60% of the Member’s Covered
Earnings, offset by the Member’s (i) Basic Disability Plan Benefit, (ii) Basic
Plan Benefit, if the Basic Disability Plan Benefit is offset by such Basic Plan
Benefit, and (iii) Other Disability Income.

SECTION
5 - SURVIVING SPOUSE’S BENEFITS

 5.1                              Death
Prior to Benefit Commencement.  Upon
the death of a Member or Vested Former Member, prior to the commencement of his
or her Retirement Benefit or Deferred Vested Benefit hereunder, any such Member
shall be deemed to have completed three years of Service for purposes of
Section 3.1(a) and Section 3.2(a) and his or her Surviving Spouse will be
entitled to a Surviving Spouse’s Benefit under this Plan equal to 50% of the
Retirement or Deferred Vested Benefit that would have been provided from the
Plan had the Member or Vested Member retired from or terminated employment with
the Company or an Affiliated Employer on the date of death and commenced
benefits on the 

 31
 

later
of the date the Member would have attained age 55 or the date of the Member’s
death..

 5.2                              Death
On or After Benefit Commencement. 
Upon the death of a Vested Former Member while he or she is receiving
Retirement or Deferred Vested Benefits, his or her Surviving Spouse shall
receive a Surviving Spouse’s Benefit equal to 50%  of
the Benefit he or she was receiving at the time of death.  Notwithstanding the foregoing, no benefit
shall be payable under this Section 5.2  to the extent
a Retirement Benefit or Deferred Vested Benefit was previously paid to a Member
or Vested Former Member in the form of a lump sum.

 5.3                              Commencement
of Surviving Spouse’s Benefit. 
Except as provided in Section 5.4, the Surviving Spouse’s Benefit
provided under Sections 5.1 or 5.2 will be payable monthly, commencing in the calendar month next following the calendar
month in which the Member’s death occurs.  Such benefits shall continue until the first
day of the month in which the Surviving Spouse dies.

 5.4                              Lump Sum Payment.

(a)                                  If
a Member or a Vested Former Member made an Election under Section 3.4 but such
Member or Vested Former Member died prior to such lump sum payment, the
Surviving Spouse’s Benefit payable under Section 5.1 hereof will be payable in
the form or combination of forms of payment so elected by such Member or Vested
Former Member pursuant to such Lump Sum Election.  The amount of 

 32
 

any lump sum payment under the Plan shall be
determined using the actuarial assumptions set forth in Section 3.4(a).

(b)                                 If
the lump sum value, determined in the same manner as provided under Section
3.4(a), of a Surviving Spouse’s Benefit is $10,000 or less at the time such
Surviving Spouse’s Benefit is payable under this Plan, such benefit shall be
payable as a lump sum provided that the benefits payable to or on behalf of
such Member or Vested Former Member under all similar arrangements that would
constitute a nonqualified deferred compensation plan under the Regulations are
being paid at the same time.

(c)                                  Any
Surviving Spouse’s Benefit which is payable as a lump sum shall be paid on the
first day of the calendar month next following the calendar month in which the
Member’s or Vested Former Member’s death occurred.

 5.5                              Reduction.
 Notwithstanding the foregoing provisions
of Section 5, the amount of a Surviving Spouse’s Benefit shall be reduced by
one percentage point for each year (where a half year or more is treated as a
full year) in excess of ten years that the age of the Member or Vested Former
Member exceeds the age of the Surviving Spouse.

SECTION
6 - PLAN ADMINISTRATOR

 6.1                              Duties
and Authority.  The Plan
Administrator shall be responsible for the administration of the Plan and may
delegate to any management committee, employee, director or agent its
responsibility to perform any act hereunder, including, without limitation,
those 

 33
 

matters
involving the exercise of discretion; provided, that such delegation shall be
subject to revocation at any time at the Plan Administrator’s discretion.  The Plan Administrator shall have the sole
discretion to determine all questions arising in connection with the Plan, to
interpret the provisions of the Plan and to construe all of its terms, to
adopt, amend, and rescind rules and regulations for the administration of the
Plan, and generally to conduct and administer the Plan and to make all
determinations in connection with the Plan as may be necessary or
advisable.  All such actions of the Plan
Administrator shall be conclusive and binding upon all Members, Former Members,
Vested Former Members, Surviving Spouses and other persons.

 6.2                              Presentation of Claims.  The
claims procedures set forth in Sections 6.2 through 6.6 shall be effective
January 1, 2003.  Claims for benefits
shall be filed in writing with the Plan Administrator.  Written or electronic notice of the
disposition of a claim shall be furnished to the claimant within 90 days after
the claim is filed (or within 180 days if special circumstances require an
extension of time for processing the claim and if notice of such extension and
circumstances is provided to the claimant within the initial 90-day period.)

 6.3                              Claims Denial Notification.  If a claim is wholly or partially denied, the
Plan Administrator shall furnish to the claimant a written notice setting forth
in a manner calculated to be understood by the claimant:

(a)                                  the
specific reason(s) for denial;

 34
 

(b)                                 specific
reference(s) to pertinent Plan provisions on which any denial is based;

(c)                                  a
description of any additional material or information necessary for the
claimant to perfect the claim, and an explanation of why such material or
information is necessary;

(d)                                 an
explanation of the Plan’s claims review procedures and the applicable time
limits for such procedures; and

(e)                                  a
statement that the claimant has a right to bring a civil action under Section
502(a) of ERISA following an adverse determination on review.

 6.4                              Claims
Review Procedure.  Upon a denial, the
claimant is entitled (either in person or by his duly authorized
representative) to:

(a)                                  request
a subsequent review of the claim by the Plan Administrator upon written
application for review made to the Plan Administrator.  In the case of a denial as to which written
notice of denial has been given to the claimant, any such request for review of
the claim must be made within 60 days after receipt by the claimant of such
notice.  A claimant must submit a written
application for review before the claimant is permitted to bring a civil action
for benefits;

(b)                                 review
pertinent documents relating to the denial; and

 35
 

(c)                                  submit
written comments, documents, records and other information relating to the
claim.

 6.5                              Timing.  The Plan Administrator shall make its
decision and notify the claimant with respect to a claim not later than 60 days
after receipt of the request.  Such
60-day period may be extended for another period of 60 days if the Plan
Administrator finds that special circumstances require an extension of time for
processing and notice of the extension and special circumstances is provided to
the claimant within the initial 60-day period.

 6.6                              Final
Decision.  The claim for review shall
be given a full and fair review that takes into account all comments,
documents, records and other information submitted that relates to the claim,
without regard to whether such information was submitted or considered in the
initial benefit determination.  The Plan
Administrator shall provide the claimant with written or electronic notice of
the decision in a manner calculated to be understood by the claimant.  The notice shall include specific reasons for
the decision, specific references to the pertinent Plan provisions on which the
decision is based, a statement that the claimant has a right to bring a civil
action under Section 502(a) of ERISA, and a statement that the claimant is
entitled to receive, upon request and free of charge, reasonable access to and
copies of all documents, records and other information relevant to the
claim.  A document is relevant to the
claim if it was relied upon in making the determination, was submitted,
considered or generated in the course of making the determination or
demonstrates that benefit determinations are made in accordance with the Plan
and that Plan provisions have been applied consistently with respect to
similarly situated claimants.

 36

SECTION
7- MISCELLANEOUS

7.1                                 Amendment;
Suspension. 
The Board, may, in its sole discretion suspend or amend this Plan at any
time or from time to time, in whole or in part and the Employee Benefits
Committee of the Company may amend the Plan without the approval of the Board
with respect to amendments that such Committee determines do not have a
significant effect on the cost of the Plan; provided, however, that no such
suspension or amendment of the Plan may (a) adversely affect a Member’s or
Vested Former Member’s benefit under the Plan to which he or she has become
entitled in accordance with the Plan as in effect on the date immediately
preceding the date of such suspension or amendment, or (b) adversely affect a
Member’s or Vested Former Member’s right or the right of a Surviving Spouse to
receive a benefit in accordance with the Plan as in effect on the date
immediately preceding the date of such suspension or amendment, or (c) cause
any payment that a Member, Vested Former Member or Surviving Spouse is entitled
to receive under this Plan to become subject to an income tax penalty under
Section 409A of the Code.

7.2                                 Termination.  This
Plan may be terminated and lump sum distributions made to Members, Vested
Former Members (or their Surviving Spouses) of their Retirement Benefits and
Deferred Vested Benefits hereunder only in accordance with one of the following
methods:

(a)                                  within twelve months of a dissolution of the Company
taxed under Section 331 of the Code, or with the approval of a bankruptcy court
pursuant to 11 U.S.C. 

 37
 

Section
503(b)(1(A), provided that Members’ or Vested Former Members’ Retirement
Benefits or Deferred Vested Benefits are included in their gross incomes in the
latest of :  (i) the calendar year in
which the Plan termination occurs; or (ii) the first calendar year in which the
payment is administratively practicable;

(b)                                 within the thirty days preceding or the twelve months
following a change in control as defined in Regulations Section
1.409A-2(g)(4)(i), provided that all substantially similar arrangements
sponsored by the Company are terminated so that all Members and Vested Former
Members in this Plan and all participants under substantially similar
arrangements are required to receive all amounts of compensation deferred under
the terminated arrangements within twelve months of the date of termination of
the arrangements;

(c)                                  (i) all arrangements sponsored by the Company that
would be aggregated with any terminated arrangement under Regulations Section
1.409A-1(c) if the same Member or Vested Former Member participated in all of
the arrangements are terminated; (ii) no payments other than payments that
would be payable under the terms of the arrangements if the termination had not
occurred are made within twelve months of the termination of the arrangements;
(iii) all payments are made within twenty-four months of the termination of the
arrangements; and (iv) the Company does not adopt a new arrangement that would
be aggregated with any terminated arrangement under Regulations Section
1.409A-1(c) if the same

 38
 

                                                Member or Vested Former Member participated in both
arrangements, at any time within five years following the date of termination
of the arrangement; or

(d)                                 such other events and conditions as the Internal
Revenue Service may prescribe.

Anything
in this Section 7 to the contrary notwithstanding, no such termination of the
Plan may (a) adversely affect a Member’s or Vested Former Member’s benefit
under the Plan to which he or she has become entitled in accordance with the
Plan as in effect on the date immediately preceding the date of such
termination, or (b) adversely affect a Member’s or Vested Former Member’s right
or the right of a Surviving Spouse to receive a benefit in accordance with the
Plan as in effect on the date immediately preceding the date of such
termination, or (c) cause any payment that a Member, Vested Former Member or
Surviving Spouse is entitled to receive under this Plan to become subject to an
income tax penalty under Section 409A of the Code.

 7.3                              No
Employment Rights.  Nothing contained
herein will confer upon any Member, Former Member or Vested Former Member the
right to be retained in the service of the Company or any Affiliated Employee,
nor will it interfere with the right of the Company or any Affiliated Employer
to discharge or otherwise deal with Members, Former Members or Vested Former
Members with respect to matters of employment.

 7.4                              Unfunded
Status.  Members and Vested Former
Members shall have the status of general unsecured creditors of the Company,
and this Plan constitutes a mere promise by the Company to make benefit
payments at the time or times required hereunder. It is the 

 39
 

intention
of the Company that this Plan be unfunded for tax purposes and for purposes of
Title I of ERISA and any trust created by the Company and any assets held by
such trust to assist the Company in meeting its obligations under the Plan
shall meet the requirements necessary to retain such unfunded status.

 7.5                              Arbitration.  Any dispute or controversy arising under or
in connection with the Plan shall be settled exclusively by arbitration in
Fairfield, Connecticut in accordance with the rules of the American Arbitration
Association in effect at the time of such arbitration. Upon submission of invoices, the Company shall promptly pay or reimburse
all reasonable costs and expenses (including fees and disbursements of counsel
and pension experts) incurred to assert rights under this Plan or in any
proceeding in connection therewith, brought by a Member, Vested Former Member,
Former Member or Surviving Spouse, whether or not such Member, Vested Former
Member, Former Member or Surviving Spouse is ultimately successful in enforcing
such rights or in such proceeding; provided, however, that no reimbursement
shall be owed with respect to expenses relating to any unsuccessful assertion
of rights or proceeding if and to the extent that such assertion or proceeding
was initiated or maintained in bad faith or was frivolous as determined by the
arbitrators or a court having jurisdiction over the matter, in which case any
amounts previously paid by the Company shall be promptly repaid.

 7.6                              No
Alienation.  Except as otherwise
provided in Section 3.3(e)(i), a Member’s or Vested Former Member’s right to
benefit payments under the Plan shall not be subject in any manner to
anticipation, alienation, sale, transfer, assignment, pledge, encumbrance, 

 40
 

attachment
or garnishment by creditors of such Member or Vested Former Member or his or
her Surviving Spouse.

 7.7                              Withholding.  The Company may withhold from any benefit
under the Plan an amount sufficient to satisfy its tax withholding obligations.

 7.8                              Governing
Law.  The Plan shall be governed by and construed in accordance with the laws of
the State of Connecticut applicable to contracts made and to be performed in
such state to the extent not preempted by federal law. Anything in this Plan to
the contrary notwithstanding, the terms of this Plan shall be interpreted and
applied in a manner consistent with the requirements of Section 409A of the
Code and the Regulations thereunder and the Company shall have no right to
accelerate or make any payment under this Plan except to the extent permitted
under Section 409A of the Code.  The
Company shall have no obligation, however, to reimburse any Member, Vested
Former Member or Surviving Spouse for any tax penalty or interest payable or
provide a gross-up payment in connection with any tax liability of such Member,
Vested Former Member or Surviving Spouse under Section 409A of the Code except
that this provision shall not apply in the event of the Company’s negligence or
willful disregard in its interpretation of the application of Section 409A of
the Code and the Regulations thereunder to the Plan.

 7.9                              Successors.  The Company shall require any successor
(whether direct or indirect, by purchase, merger, consolidation or otherwise)
to all or substantially all of the business and/or assets of the Company to
expressly assume and agree to perform the obligations of the Company under this
Plan in the same manner and to the same extent that the 

 41
 

Company would have been required to perform such
obligations if no such succession had taken place and such assumption shall be
an express condition to the consummation of any such purchase, merger,
consolidation or other transaction.

7.10                           Integration.  In the event of any conflict or ambiguity
between this Plan and the terms of any employment agreement between a Member
and the Company or any Change in Control Agreement between a Member and the
Company (this Plan and any such employment agreement or Change in Control
Agreement being collectively referred to herein as the “arrangements”), such
conflict or ambiguity shall be resolved in accordance with the terms of that
arrangement which are most beneficial to the Member; provided, however, that no
such resolution of any such conflict or ambiguity shall operate to cause the
Member to receive duplicate payments or benefits under the arrangements.

 42

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