Document:

EX-10.1

 Exhibit 10.1 
 The Hanover Insurance Group, Inc. 
 2013-2014 Compensation of Non-Employee
Directors 
 — For the annual service period beginning on May 14, 2013, the date of the 2013 Annual Meeting of
Shareholders— 
  

			
	 Standard Fees
	  	 Description

	 Annual Director Retainer
	  	
	 - Stock Component
	  	- $115,000 valuation
		  	- Granted on May 14, 2013. Issued pursuant to Company’s 2006 Long-Term Incentive Plan (the “2006 Plan”)
	 - Cash Component
	  	- $75,000
		  	- Payable on or after May 14, 2013
		
	 Committee Chairperson Annual Retainer
	  	- $9,000 for the chairperson of the Nominating and Corporate Governance Committee, payable on or after May 14, 2013
		  	- $12,500 for the chairperson of the Compensation Committee, payable on or after May 14, 2013
		  	- $20,000 for the chairperson of the Audit Committee, payable on or after May 14, 2013
		
	 Chairman of the Board Retainer
	  	 - $100,000 
 -
Payable on or after May 14, 2013

		
	 Committee Annual Retainer
	  	- $4,500 for each member of the Nominating and Corporate Governance Committee, payable on or after May 14, 2013
		  	- $6,250 for each member of the Compensation Committee, payable on or after May 14, 2013
		  	- $10,000 for each member of the Audit Committee, payable on or after May 14, 2013

			
	 Other
	  	 
	 Deferred Compensation Plan
	  	- Directors may defer receipt of their cash and stock compensation. Deferred cash amounts are accrued in a memorandum account that is credited with interest derived from the
so-called General Agreement on Tariffs and Trade (GATT) Rate (2.80% in 2013). At the election of each director, cash deferrals of retainers may be converted to Common Stock of the Company with such stock issued pursuant to the 2006
Plan
		
	 Conversion Program
	  	- At the election of each director, cash retainers may be converted into Common Stock of the Company with such stock issued pursuant to the 2006 Plan
		
	 Reimbursable Expenses
	  	- Travel and related expenses incurred in connection with service on the Board of Directors and its Committees
		
	 Matching Charitable Contributions
	  	- Company will provide matching contributions to qualified charitable organizations up to $5,000 per director per yearEX-10.2

 Exhibit 10.2 
 THE HANOVER INSURANCE GROUP 
 RETIREMENT SAVINGS PLAN 

Amended and restated generally effective January 1, 2010 

 TABLE OF CONTENTS 
 THE HANOVER INSURANCE GROUP 
 RETIREMENT SAVINGS PLAN 

 

							
	 ARTICLE I
	 	NAME, PURPOSE AND EFFECTIVE DATE OF PLAN AND RESTATED PLAN	  	 	1	  
			
	 ARTICLE II
	 	DEFINITIONS	  	 	1	  
			
	 ARTICLE III
	 	ELIGIBILITY AND PARTICIPATION	  	 	21	  
			
	 ARTICLE IV
	 	EMPLOYER CONTRIBUTIONS AND FORFEITURES	  	 	23	  
			
	 ARTICLE V
	 	EMPLOYEE CONTRIBUTIONS AND ROLLOVER CONTRIBUTIONS	  	 	29	  
			
	 ARTICLE VI
	 	PROVISIONS APPLICABLE TO TOP HEAVY PLANS	  	 	35	  
			
	 ARTICLE VII
	 	LIMITATIONS ON ALLOCATIONS	  	 	38	  
			
	 ARTICLE VIII
	 	PARTICIPANT ACCOUNTS AND VALUATION OF ASSETS	  	 	43	  
			
	 ARTICLE IX
	 	401(k) ALLOCATION LIMITATIONS	  	 	44	  
			
	 ARTICLE X
	 	401(m) ALLOCATION LIMITATIONS	  	 	51	  
			
	 ARTICLE XI
	 	IN-SERVICE WITHDRAWALS	  	 	55	  
			
	 ARTICLE XII
	 	PLAN LOANS	  	 	58	  
			
	 ARTICLE XIII
	 	RETIREMENT, TERMINATION AND DEATH BENEFITS	  	 	60	  
			
	 ARTICLE XIV
	 	PLAN FIDUCIARY RESPONSIBILITIES	  	 	74	  
			
	 ARTICLE XV
	 	BENEFITS COMMITTEE	  	 	78	  
			
	 ARTICLE XVI
	 	INVESTMENT OF THE TRUST FUND	  	 	79	  
			
	 ARTICLE XVII
	 	CLAIMS PROCEDURE	  	 	83	  
			
	 ARTICLE XVIII
	 	AMENDMENT AND TERMINATION	  	 	84	  
			
	 ARTICLE XIX
	 	MISCELLANEOUS	  	 	86	  

 THE HANOVER INSURANCE GROUP 

RETIREMENT SAVINGS PLAN 
 ARTICLE I 
 NAME, PURPOSE AND EFFECTIVE DATE OF PLAN AND RESTATED PLAN 

 

	1.01	Name of Plan. The name of the Plan is The Hanover Insurance Group Retirement Savings Plan. Prior to January 1, 2005, the Plan was known as “The
Allmerica Financial Employees’ 401(k) Matched Savings Plan”. Effective January 1, 2005, the Plan became known as “The Allmerica Financial Retirement Savings Plan”. Effective December 1, 2005, the Plan became known as
“The Hanover Insurance Group Retirement Savings Plan”. 

  

	1.02	Purpose. This Plan has been established for the exclusive benefit of the Plan Participants and their Beneficiaries and as far as possible shall be administered
in a manner consistent with this intent and consistent with the requirements of Section 401 of the Code. 

Subject to Section 15.04 and 18.05, under no circumstances shall any contributions made to the Plan be used for, or be diverted to,
purposes other than for the exclusive benefit of Plan Participants or their Beneficiaries. 
  

	1.03	Plan and Plan Restatement Effective Date. The effective date of this Plan was November 22, 1961. The effective date of this amended and restated Plan is
January 1, 2010 (except for those provisions of the Plan which have an alternative effective date). Except to the extent otherwise specifically provided herein, the provisions of the amended and restated Plan as set forth herein shall apply to
a Participant who is in the employ of the Employer on or after January 1, 2010. The rights and benefits of any Participant whose employment with the Employer terminated prior to January 1, 2010, shall be determined in accordance with the
provisions of the Plan as in effect from time to time prior to January 1, 2010, provided, however, that if the Account balance of any such Participant has not been completely distributed before January 1, 2010, then such Account balance
shall be invested, accounted for and distributed in accordance with the provisions of the Plan as set forth in this document except as otherwise required by applicable law or as otherwise specifically provided herein. 

ARTICLE II 

DEFINITIONS 
 The terms defined
in this Article shall have the meanings stated herein unless the context clearly indicates otherwise. 
  

	2.01	“Accrued Benefit” shall mean the sum of the balances in a Participant’s 401(k) Account, Match Contribution Account,
Non-Elective Employer Contribution Account, Regular Account, Rollover Account, Tax Deductible Contribution Account and Voluntary Contribution Account. 

	2.02	“Account” shall mean an account established and maintained pursuant to Section 8.01 for each Participant, when appropriate, to account for the
Participant’s Accrued Benefit. 

  

	2.03  (a)  	“Affiliate” shall mean any corporation affiliated with the Employer through the action of such corporation’s board of directors and the Employer’s
Board of Directors. 

  

	 	(b)	“Affiliate” shall also mean any corporation which is a member of a controlled group of corporations (as defined in Code Section 414(b)) which includes
the Employer; any trade or business (whether or not incorporated) which is under common control (as defined in Code Section 414(c)) with the Employer; any organization (whether or not incorporated) which is a member of an affiliated service
group (as defined in Code Section 414(m)) which includes the Employer; and any other entity required to be aggregated with the Employer pursuant to Regulations under Code Section 414(o). 

 

	2.04	“Affirmative Election” shall mean an election by an Eligible Participant to (a) have Salary Reduction Contributions made at the percentage of
Compensation specified in his or her Salary Reduction Agreement, or (b) not have Salary Reduction Contributions made on his or her behalf. 

  

	2.05	“Age” shall mean the age of a person at his or her last birthday. 

 

	2.06	“Annuity Starting Date” shall mean the first day of the first period for which the Plan pays an amount as an annuity. In the case of a payment not in an
annuity form, Annuity Starting Date shall mean the first day of the first period for which the benefit form is paid. 

  

	2.07	“Automatic Contributions” shall mean the Salary Reduction Contributions that result from the operation of this Section 5.05(c) of the Plan.

  

	2.08	“Automatic Contribution Arrangement” shall mean the arrangement set forth in Section 5.05 of the Plan pursuant to which, in the absence of an Affirmative
Election, an Employee, who is eligible to participate in the Plan is treated as having elected to direct the Employer to reduce his or her Compensation in order that the Employer may make Salary Reduction Contributions to the Plan on behalf of the
Participant equal to a uniform percentage of Compensation. 

  

	2.09	“Beneficiary” shall mean the person, trust, organization or estate designated to receive Plan benefits payable on or after the death of a Participant.

  
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	2.10	“Catch-up Contributions” shall mean Salary Reduction Contributions made to the Plan that are in excess of an otherwise
applicable Plan limit and that are made by Participants who are Age 50 or over by the end of their taxable years. An “otherwise applicable Plan limit” is a limit in the Plan that applies to Salary Reduction Contributions without regard to Catch-up Contributions, such as the limits on Annual Additions, the dollar limitation on Salary Reduction Contributions under Code Section 402(g) (not counting Catch-up
Contributions) and the limit imposed by the Actual Deferral Percentage (ADP) test under Code Section 401(k)(3). Catch-up Contributions for a Participant for a taxable year may not exceed the dollar limit
on Catch-up Contributions under Code Section 414(v)(2)(B)(i) for the taxable year. The dollar limit on Catch-up Contributions under Code
Section 414(v)(2)(B)(i) is $1,000 for taxable years beginning in 2002, increasing by $1,000 for each year thereafter up to $5,000 for taxable years beginning in 2006 and later years. After 2006, the $5,000 limit will be adjusted by the
Secretary of the Treasury for cost-of-living increases under Code Section 414(v)(2)(C). 

Catch-up Contributions are not subject to the limits on Annual Additions, are not counted in the
ADP test and are not counted in determining the minimum top-heavy allocation under Code Section 416 (but Catch-up Contributions made in prior years are counted in
determining whether the Plan is top-heavy). 
  

	2.11	“Compensation” shall mean: 

  

	 	(a)	For purposes of Articles IX and X, for purposes of determining a Participant’s Salary Reduction Contributions pursuant to Section 3.01(b), 5.04, and 5.05 and
for purposes of determining an Eligible Employee’s Match Contribution under Section 4.02 and Non-Elective Employer Contribution pursuant to Section 4.03, Compensation shall mean the total wages
or salary, overtime, bonuses, and any other taxable remuneration paid to an Employee by the Employer during the Plan Year, while the Employee is a Participant, as reported on the Participant’s W-2 for the
Plan Year. Provided, however, that Compensation for this purpose shall be determined without reduction for (i) any Salary Reduction Contributions contributed to the Plan on the Participant’s behalf for the Plan Year and
(ii) any other amount which is contributed or deferred by the Employer at the election of a Participant which is not includible in the gross income of the Participant by reason of Code Section 125, 132(f)(4), 402(e)(3), 402(h), or 403(b).

 Notwithstanding the above, for purposes of determining a Participant’s Salary Reduction Contributions
pursuant to Section 3.01(b), 5.04, and 5.05 and for purposes of determining an Eligible Employee’s Match Contribution under Section 4.02 and Non-Elective Employer Contribution pursuant to
Section 4.03, Compensation shall not include: 
  

	 	(i)	incentive compensation paid to Participants pursuant to the Employer’s Executive Long Term Performance Unit Plan or pursuant to any similar or successor executive
incentive compensation plan; 

  
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	 	(ii)	Employer contributions to a deferred compensation plan or arrangement (other than (i) Salary Reduction Contributions contributed to the Plan on the
Participant’s behalf for the Plan Year; and (ii) any other amount which is contributed or deferred by the Employer at the election of a Participant which is not includible in the gross income of the Participant by reason of Code
Section 125, 132(f)(4), 402(e)(3), 402(h), or 403(b)) either for the year of deferral or for the year included in the Participant’s gross income; 

 

	 	(iii)	any income which is received by or on behalf of a Participant in connection with the grant, receipt, settlement, exercise, lapse of risk of forfeiture or restriction on
transferability, or disposition of any stock option, stock award, stock grant, stock appreciation right or similar right or award granted under any plan, now or hereafter in effect, of the Employer or any successor to the Employer, the
Employer’s parent, any such successor’s parent, any subsidiaries or affiliates of the Employer, or any stock or securities underlying any such option, award, grant or right; 

 

	 	(iv)	 severance payments paid in a lump sum, provided that for Plan Years beginning on and after January 1, 2008 such excluded severance payments shall
not include any payment of regular compensation for services during the Participant’s regular working hours, or compensation for services outside the Participant’s regular working hours (such as overtime or shift differential),
commissions, bonuses, or other similar payments, if the payment would have been paid to the Participant prior to a severance from employment, if the Participant had continued in employment with the Employer and if the payment is made by the later of
2 1/2 months after the Participant’s severance from employment or by the end of the Plan Year in which the Participant’s severance from employment occurs; 

 

	 	(v)	Code Section 79 imputed income; long term disability and workers’ compensation benefit payments; 

 

	 	(vi)	taxable moving expense allowances or taxable tuition or other educational reimbursements; 

 

	 	(vii)	for Plan Years commencing after December 31, 1998, compensation paid in the form of commissions; 

 

	 	(viii)	non-cash taxable benefits provided to executives, including the taxable value of Employer-paid club memberships, chauffeur
services and Employer-provided automobiles; and 

  

	 	(ix)	other taxable amounts received other than cash compensation for services rendered, as determined by the Plan Administrator. 

  
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	 	(b)	For purposes of Section 4.04 (Minimum Employer Contributions for Top Heavy Plans) and for purposes of Article VII (Limitations on Allocations) the term
“Compensation” means a Participant’s wages, salaries, fees for professional services and other amounts received (without regard to whether or not an amount is paid in cash) for personal services actually rendered in the course of
employment with the Employer maintaining the Plan to the extent that the amounts are includible in gross income (including, but not limited to, commissions paid salesmen, compensation for services on the basis of a percentage of profits, commissions
on insurance premiums, tips, bonuses, fringe benefits, and reimbursements or other expense allowances under a nonaccountable plan (as described in Section 1.62-2(c) of the Regulations)), and excluding the following: 

 

	 	(i)	Employer contributions to a plan of deferred compensation which are not includible in the Employee’s gross income for the taxable year in which contributed, or
Employer contributions under a simplified employee pension plan to the extent such contributions are deductible by the Employee, or any distributions from a plan of deferred compensation; 

 

	 	(ii)	Amounts realized from the exercise of a non-qualified stock option, or when restricted stock (or property) held by an Employee
becomes freely transferable or is no longer subject to a substantial risk of forfeiture; 

  

	 	(iii)	Amounts realized for the sale, exchange or other disposition of stock acquired under a qualified stock option; and 

 

	 	(iv)	Other amounts which received special tax benefits. 

 Notwithstanding the foregoing, Compensation for purposes of the Plan shall also include Employee elective deferrals under Code Section 402(g)(3) and amounts contributed or deferred by the Employer at
the election of the Employee and not includible in the gross income of the Employee, by reason of Code Sections 125, 132(f)(4), 402(e)(3), 402(h), and 403(b). 
 Additionally, amounts 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 (deemed Code Section 125 compensation). Such 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. 
 For purposes of applying the limitations of Article VII, Compensation
for a Limitation Year is the Compensation actually paid or includible in gross income during such Year. 

  
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	 	(c)	Notwithstanding (a) and (b) above, for any Plan Year beginning after December 31, 2001, the annual Compensation of each Participant taken into
account for determining all benefits provided under the Plan for any Plan Year shall not exceed $200,000, as adjusted for increases in the cost of living in accordance with Section 401(a)(17)(B) of the Code. 

Notwithstanding (a) and (b) above, for the Plan Years beginning on or after January 1, 1994 and before January 1,
2002, the annual Compensation of each Participant taken into account for determining all benefits provided under the Plan for any Plan Year shall not exceed $150,000. This limitation shall be adjusted for inflation by the Secretary under Code
Section 401(a)(17)(B) in multiples of $10,000 by applying an inflation adjustment factor and rounding the result down to the next multiple of $10,000 (increases of less than $10,000 are disregarded). 

The cost-of-living adjustment in effect for a calendar
year applies to any period, not exceeding 12 months, over which Compensation is determined beginning in such calendar year. 
 If
Compensation is being determined for a Plan Year that contains fewer than 12 calendar months, then the annual Compensation limit is an amount equal to the annual Compensation limit for the calendar year in which the Compensation period begins
multiplied by the ratio obtained by dividing the number of full months in the period by 12. 
 For purposes of applying the
limitations of Article VII with respect to Limitation Years beginning on and after July 1, 2007, the following provisions shall be applicable. 
  

	 	(i)	 Compensation paid after severance from employment. Compensation actually paid or includible in gross income during a Limitation Year shall be
adjusted, as set forth herein, for the following types of compensation paid after a Participant’s severance from employment with the Employer (or any Affiliate). However, amounts described in Paragraphs A. and B. below shall only be included in
Compensation for such Limitation Year to the extent such amounts are paid by the later of 2 1/2 months after severance from employment or by the end of the Limitation Year that includes the date of such severance from
employment. Any other payment of compensation paid after severance of employment that is not described in the following types of compensation shall not be considered Compensation for such Limitation Year, even if payment is made within the time
period specified above. 

  

	 	A.	 Regular Pay. Compensation shall include regular pay after severance of employment if: (1) The payment is regular compensation for services
during the Participant’s regular working hours, or compensation for services outside the Participant’s regular working hours (such as overtime or shift 

  
 6 

	 	
differential), commissions, bonuses, or other similar payments; and (2) The payment would have been paid to the Participant prior to a severance from employment if the Participant had
continued in employment with the Employer. 

  

	 	B.	Leave Cashouts And Deferred Compensation. Leave cashouts shall be included in Compensation if those amounts would have been included in the definition of
Compensation if they were paid prior to the Participant’s severance from employment, and the amounts are payment for unused accrued bona fide sick, vacation, or other leave, but only if the Participant would have been able to use the leave if
employment had continued. In addition, deferred compensation shall be included in Compensation if the compensation would have been included in the definition of Compensation if it had been paid prior to the Participant’s severance from
employment, and the compensation is received pursuant to a nonqualified unfunded deferred compensation plan, but only if the payment would have been paid at the same time if the Participant had continued in employment with the Employer and only to
the extent that the payment is includible in the Participant’s gross income. 

  

	 	C.	Salary Continuation Payments for Military Service Participants. Compensation shall not include payments to an individual who does not currently perform services
for the Employer by reason of qualified military service (as that term is used in Code Section 414(u)(l)) to the extent those payments do not exceed the amounts the individual would have received if the individual had continued to perform
services for the Employer rather than entering qualified military service. 

  

	 	D.	Salary Continuation Payments for Disabled Participants. Compensation does not include compensation paid to a Participant who is permanently and totally disabled
(as defined in Code Section 22(e)(3)). 

  

	 	(ii)	Compensation for a Limitation Year but not paid during the Limitation Year. Compensation for a Limitation Year shall not include amounts earned but not paid
during the Limitation Year solely because of the timing of pay periods and pay dates. 

  

	 	(iii)	Inclusion of Certain Nonqualified Deferred Compensation Amounts. Compensation for a Limitation Year shall include amounts that are includible in the gross income
of a Participant under the rules of Code Section 409A or because the amounts are constructively received by the Participant. 

  
 7 

	 	(d)	For Plan Years beginning on and after January 1, 2008, notwithstanding paragraphs (a), (b) and (c) above, 

 

	 	(i)	USERRA. For purposes of Employee and Employer make-up contributions, Compensation during the period of military service shall be
deemed to be the Compensation the Employee would have received during such period if the Employee were not in qualified military service, based on the rate of pay the Employee would have received from the Employer but for the absence due to military
leave. If the Compensation the Employee would have received during the leave is not reasonably certain, Compensation will be equal to the Employee’s average Compensation from the Employer during the twelve (12) month period immediately
preceding the military leave or, if shorter, the Employee’s actual period of employment with the Employer. 

  

	 	(ii)	Differential Wage Payments. For years beginning after December 31, 2008, (i) an individual receiving a differential wage payment, as defined by Code
Section 3401(h)(2), shall be treated as an Employee of the Employer making the payment, (ii) the differential wage payment shall be treated as Compensation, and (iii) the Plan shall not be treated as failing to meet the requirements
of any provision described in Code Section 414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage payment. Subparagraph (iii) of the foregoing sentence shall apply only if all Employees of the
Employer performing service in the uniformed services described in Code Section 3401(h)(2)(A) are entitled to receive differential wage payments (as defined in Code Section 3401(h)(2)) on reasonably equivalent terms and, if eligible to
participate in a retirement plan maintained by the Employer, to make contributions based on the payments on reasonably equivalent terms (taking into account Code Sections 410(b)(3), (4), and (5)). 

 

	2.12	“Eligible Employee” shall mean an Employee who has satisfied the requirements to participate in this Plan as set forth in Section 3.01.

  

	2.13	“Eligible Participant” shall mean an Eligible Employee subject to the Automatic Contribution Arrangement as provided for in Section 5.05(b) of the Plan.

  

	2.14	“Eligibility Computation Period” shall mean, for Plan Years commencing prior to January 1, 2005, a period of twelve consecutive months commencing on an
Employee’s Employment Commencement Date or, if an Employee does not complete at least 1,000 Hours of Service during such initial period, such Employee’s Eligibility Computation Period shall mean the Plan Year commencing with the first Plan
Year following the Employee’s Employment Commencement Date and, if necessary, each succeeding Plan Year. 

  

	2.15	“Employee” shall mean any individual who is employed by the Employer. 

  
 8 

	2.16	“Employer” shall mean The Hanover Insurance Company; provided that, prior to January 1, 2008 “Employer” shall mean First Allmerica Financial
Life Insurance Company. 

  

	2.17	“Employment Commencement Date” shall mean the date on which an Employee first performs an Hour of Service or, in the case of an Employee who has a One Year
Break in Service, the date on which he or she first performs an Hour of Service after such Break. 

  

	2.18	“Fiduciary” shall mean any person who (i) exercises any discretionary authority or discretionary control respecting management of the Plan or exercises
any authority or control respecting management or disposition of its assets; (ii) renders investment advice for a fee or other compensation, direct or indirect, with respect to any monies or other property of the Plan or has any authority or
responsibility to do so; or (iii) has any discretionary authority or discretionary responsibility in the administration of the Plan, including, but not limited to, the Trustee and the Plan Administrator. 

 

	2.19	“First Allmerica” shall mean First Allmerica Financial Life Insurance Company. 

 

	2.20	“Five Percent Owner” shall mean, in the case of a corporation, any person who owns (or is considered as owning within the meaning of Code Section 416(i))
more than five percent of the outstanding stock of the Employer or stock possessing more than five percent of the total combined voting power of all stock of the Employer. In the case of an Employer that is not a corporation, “Five Percent
Owner” shall mean any person who owns or under applicable regulations is considered as owning more than five percent of the capital or profits interest in the Employer. In determining percentage ownership hereunder, employers that would
otherwise be aggregated under Code Sections 414(b), (c), and (m) shall be treated as separate employers. 

  

	2.21	“Former Participant” shall mean a person on whose behalf an Account is maintained, who was an Eligible Employee but who is not entitled to accrue a benefit
under this Plan because he or she has ceased to be eligible to participate in the Plan for any reason. 

  

	2.22	“401(k) Account” shall mean the account established and maintained for each Participant who has directed the Employer to make Salary Reduction Contributions
to the Trust on his or her behalf or for whom the Employer has made 401(k) Employer Contributions to the Trust on his or her behalf, and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged
thereto. 

  

	2.23	“401(k) Employer Contribution” shall mean a 401(k) contribution made by the Employer to the Trust for Plan Years prior to 1995 pursuant to Section 4.01
of the Plan as in effect prior to 1995. 

  

	2.24	“Highly Compensated Employee” shall mean any Employee who: 

  

	 	(a)	was a Five Percent Owner at any time during the Plan Year or the preceding Plan Year; or 

  
 9 

	 	(b)	for the preceding Plan Year: 

  

	 	(i)	had Compensation from the Employer in excess of $80,000 (as adjusted pursuant to Code Section 414(q)(1)); and 

 

	 	(ii)	for such preceding Year was in the top-paid group of Employees for such preceding Year. 

For purposes of this Section the “top-paid group” for a Plan Year is the top 20% of Employees ranked on the basis of
Compensation paid during such Year. 
 In addition to the foregoing, the term “Highly Compensated Employee” shall also
mean any former Employee who separated from service prior to the Plan Year, performs no service for the Employer during the Plan Year, and was an actively employed Highly Compensated Employee in the separation year or any Plan Year ending on or
after the date the Employee attained Age 55. 
 For purposes of this Section Compensation means Compensation determined for
purposes of Article VII (Limitations on Allocations), but, for Plan Years beginning before January 1, 1998, without regard to Code Sections 125, 402(e)(3), and 402(h)(1)(B). 

The determination of who is a Highly Compensated Employee, including the determinations of the numbers and identity of Employees in the top-paid group and the Compensation that is considered will be made in accordance with Section 414(q) of the Code and regulations thereunder. 

 

	2.25	“Hour of Service” shall mean: 

  

	 	(a)	Each hour for which an Employee is paid, or entitled to payment, for the performance of duties for the Employer. For purposes of the Plan an Employee who is exempt from
the requirements of the Fair Labor Standards Act of 1938, as amended, shall be credited with 45 Hours of Service for each complete or partial week he or she would be credited with at least one Hour of Service under this Section 2.25.

  

	 	(b)	Each hour for which an Employee is paid, or entitled to payment, by the 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. Notwithstanding the preceding sentence: 

 

	 	(i)	No more than 1000 hours shall be credited to an Employee under this Subsection (b) on account of any single continuous period during which the Employee performs no
duties (whether or not such period occurs in a single computation period); 

  
 10 

	 	(ii)	No hours shall be credited under this Subsection (b) for any payments made or due under a plan maintained solely for the purpose of complying with any applicable
worker’s compensation, unemployment compensation or disability insurance laws; and 

  

	 	(iii)	No hours shall be credited under this Subsection (b) for a payment, which solely reimburses an Employee for medical or medically related expenses incurred by the
Employee. 

 For purposes of this Subsection (b) a payment shall be deemed to be made by or due from an
Employer regardless of whether such payment is made by or due from the Employer directly, or indirectly, through, among others, a trust fund or insurer, to which the Employer contributes or pays premiums. 

 

	 	(c)	Each hour for which back pay, irrespective of mitigation of damages, is either awarded or agreed to by the Employer. The same Hours of Service shall not be both
credited under Subsections (a) or (b), as the case may be, and under this Subsection. No more than 501 Hours shall be credited under this Subsection for a period of time during which an Employee did not or would not have performed duties.

  

	 	(d)	Special rules for determining Hours of Service under Subsection (b) or (c) for reasons other than the performance of duties. 

In the case of a payment which is made or due which results in the crediting of Hours of Service under Subsection (b) or in the case
of an award or agreement for back pay, to the extent that such an award or agreement is made with respect to a period during which an Employee performs no duties, the number of Hours of Service to be credited shall be determined as follows:

  

	 	(i)	In the case of a payment made or due which is calculated on the basis of units of time (such as hours, days, weeks or months), the number of Hours of Service to be
credited for “exempt” Employees described in Subsection (a) shall be determined as provided in such Subsection. For all other Employees, the Hours of Service to be credited shall be those regularly scheduled hours in such unit of
time; provided, however, that when a non-exempt Employee does not have regularly scheduled hours, such Employee shall be credited with 8 Hours of Service for each workday for which he or she is
entitled to be credited with Hours of Service under paragraph (b). 

  

	 	(ii)	Except as provided in Paragraph (d)(iii), in the case of a payment made or due which is not calculated on the basis of units of time, the number of Hours of Service to
be credited shall be equal to the amount of the payment divided by the Employee’s most recent hourly rate of compensation (as determined below) before the period during which no duties are performed. 

 

	 	A.	The hourly rate of compensation of Employees paid on an hourly basis shall be the most recent hourly rate of such Employees. 

  
 11 

	 	B.	In the case of Employees whose compensation is determined on the basis of a fixed rate for specified periods of time (other than hours) such as days, weeks or months,
the hourly rate of compensation shall be the Employee’s most recent rate of compensation for a specified period of time (other than an hour), divided by the number of hours regularly scheduled for the performance of duties during such period of
time. The rule described in Subsection (d)(i) shall also be applied under this paragraph to Employees without a regular work schedule. 

  

	 	C.	In the case of Employees whose compensation is not determined on the basis of a fixed rate for specified periods of time, the Employee’s hourly rate of
compensation shall be the lowest hourly rate of compensation paid to Employees in the same job classification as that of the Employee or, if no Employees in the same job classification have an hourly rate, the minimum wage as established from time
to time under Section 6(a)(1) of the Fair Labor Standards Act of 1938, as amended. 

  

	 	(iii)	Rule against double credit. An Employee shall not be credited on account of a period during which no duties are performed with more hours than such Employee
would have been credited but for such absence. 

  

	 	(e)	Crediting of Hours of Service to computation periods. 

  

	 	(i)	Hours of Service described in Subsection (a) shall be credited to the Employee for the computation period or periods in which the duties are performed.

  

	 	(ii)	Hours of Service described in Subsection (b) shall be credited as follows: 

 

	 	A.	Hours of Service credited to an Employee on account of a payment which is calculated on the basis of units of time (such as hours, days, weeks or months) shall be
credited to the computation period or periods in which the period during which no duties are performed occurs, beginning with the first unit of time to which the payment relates. 

  
 12 

	 	B.	Hours of Service credited to an Employee by reason of a payment which is not calculated on the basis of units of time shall be credited to the computation period in
which the period during which no duties are performed occurs, or if the period during which no duties are performed extends beyond one computation period, such Hours of Service shall be allocated between not more than the first two computation
periods in accordance with reasonable rules established by the Employer, which rules shall be consistently applied with respect to all Employees within the same job classification, reasonably defined. 

 

	 	(iii)	Hours of Service described in Subsection (c) shall be credited to the computation period or periods to which the award or agreement for back pay pertains, rather
than to the computation period in which the award, agreement or payment is made. 

  

	 	(f)	For purposes of the Plan, Hours of Service shall also include Hours of Service determined in accordance with the rules set forth in this Section 2.25:

  

	 	(i)	with the Employer in a position in which he or she was not eligible to participate in this Plan; or 

 

	 	(ii)	as a Career Agent or General Agent of First Allmerica; or 

  

	 	(iii)	for periods prior to January 1, 1998, with Citizens, Hanover, or as an employee of a General Agent of First Allmerica; or 

 

	 	(iv)	with Financial Profiles, Inc., or Advantage Insurance Network, Affiliates of First Allmerica, including periods of service completed prior to the date each became an
Affiliate; or 

  

	 	(v)	for periods prior to January 1, 2008 with First Allmerica; or 

  

	 	(vi)	with an Affiliate. 

  

	 	(g)	Rules for Non-Paid Leaves of Absence. For purposes of the Plan, a Participant will also be credited with Hours of Service
during any non-paid leave of absence granted by the Employer. Except as provided in Subsection (a) for exempt Employees, the number of Hours of Service to be credited under this Subsection (g) shall
be the number of regularly scheduled working hours in each workday during the leave of absence; provided, however, that no more than the number of Hours in one regularly scheduled work year of the Employer will be credited for each non-paid leave of absence. In the case of a non-exempt Employee without a regular work schedule, the number of Hours to be credited shall be based on a 40-hour workweek and an 8-hour workday. Hours of Service described in this Subsection (g) shall be credited to the Employee for the computation period or periods during
which the leave of absence occurs. 

  
 13 

 Notwithstanding the foregoing, for Plan Years beginning after December 31, 1998, all
Employees (exempt and non-exempt) shall be credited with 8 Hours of Service for each workday for which they are entitled to be credited with Hours of Service for a
non-paid leave of absence pursuant to this Subsection (g). 
  

	 	(h)	Rules for Maternity or Paternity Leaves of Absence. In addition to the foregoing rules, solely for purposes of determining whether a One Year Break in Service
has occurred in a computation period, an individual who is absent from work for maternity or paternity reasons shall receive credit for the Hours of Service which would otherwise have been credited to such individual but for such absence, or in any
case in which such Hours cannot be determined, 8 Hours of Service per day of such absence. Provided, however, that: 

  

	 	(i)	Hours shall not be credited under both this Paragraph (h) and one of the other Paragraphs of this Section 2.25; 

 

	 	(ii)	no more than 501 Hours shall be credited for each maternity or paternity absence; and 

 

	 	(iii)	if a maternity or paternity leave extends beyond one Plan Year, the Hours shall be credited to the Plan Year in which the absence begins to the extent necessary to
prevent a One Year Break in service, otherwise such Hours shall be credited to the following Plan Year. 

 For
purposes of this paragraph, an absence from work for maternity or paternity reasons means an absence (i) by reason of the pregnancy of the individual, (ii) by reason of a birth of a child of the individual, (iii) by reason of the
placement of a child with the individual in connection with the adoption of such child by such individual, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or placement. 

 

	 	(i)	Other Federal Law. Nothing in this Section 2.25 shall be construed to alter, amend, modify, invalidate, impair or supersede any law of the United States or
any rule or regulation issued under any such law. 

  

	2.26	“Internal Revenue Code” or “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. Reference to any section or subsection
to the Code, includes reference to any comparable or succeeding provisions of any legislation which amends, supplements or replaces any such section or subsection, and also includes reference to any regulation issued pursuant to or with respect to
such section or subsection. 

  
 14 

	2.27	“Key Employee”. In determining whether the Plan is top-heavy for Plan Years beginning after December 31, 2001,
“Key Employee” shall mean any Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the determination date is an officer of the Employer having an annual Compensation greater than
$130,000 (as adjusted under Section 416(i)(l) of the Code for Plan Years beginning after December 31, 2002), a Five Percent Owner, or a 1-percent owner of the Employer having an annual Compensation
of more than $150,000. In determining whether a Plan is top heavy for Plan Years beginning before January 1, 2002, “Key Employee” shall mean any Employee or former Employee (including any deceased Employee) who at any time during the 5-year period ending on the determination date, is an officer of the employer having an annual Compensation that exceeds 50 percent of the dollar limitation under Code Section 415(b)(l)(A), an owner (or
considered an owner under Code Section 318) of one of the ten largest interests in the Employer if such individual’s Compensation exceeds 100 percent of the dollar limitation under Code Section 415(c)(l)(A), a Five Percent Owner or a 1-percent owner of the Employer who has an annual Compensation of more than $150,000. 

 The determination of who is a Key Employee will be made in accordance with Section 416(i)(1) of the Internal Revenue Code and the regulations thereunder. For purposes of determining whether a
Participant is a Key Employee, the Participant’s Compensation means Compensation as defined for purposes of Article VII, but for Plan Years beginning before January 1, 1998, without regard to Code Sections 125, 402(e)(3), and 402(h)(1)(B).

  

	2.28	“Limitation Year” shall mean a calendar year. The Limitation Year may only be changed by a Plan amendment. If the Plan is terminated effective as of a date
other than the last day of the Plan’s Limitation Year, then the Plan shall be treated as if the Plan had been amended to change its Limitation Year and, in any such case, the Defined Contribution Dollar Limitation shall be prorated as
prescribed by Treasury Regulation Section 1.415(j)-1(d)(3). 

  

	2.29	“Match Contribution” shall mean the contribution made by the Employer to the Trust pursuant to Section 4.02 of the Plan. 

 

	2.30	“Match Contribution Account” shall mean the account established for each Participant for whom the Employer has allocated Match Contributions to the Trust and
all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto. 

  

	2.31	“Non-Elective Employer Contributions” shall mean Employer contributions that are made by the Employer pursuant to Section 4.03 of the Plan.

  

	2.32	“Non-Elective Employer Contribution Account” shall mean the account established for each Employee for whom the Employer has made a Non-Elective Employer Contribution to the Trust and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto. 

  
 15 

	2.33	“Non-Highly Compensated Employee” shall mean any Employee who is not a Highly Compensated Employee. 

 

	2.34	“Non-Key Employee” shall mean any Employee who is not a Key Employee. 

 

	2.35	“Normal Retirement Age” shall mean the date on which the Participant attains Age 65. 

 

	2.36	“One Year Break in Service” shall mean any vesting computation period during which an Employee does not complete more than 500 Hours of Service.
Provided, however, for Plan Years commencing prior to January 1, 2005, for purposes of Article III, “One Year Break in Service” shall mean an Eligibility Computation Period during which an Employee does not complete more
than 500 Hours of Service. 

  

	2.37	“Participant” shall mean an Eligible Employee and, where the context requires, a Former Participant. 

 

	2.38	“Permissible Withdrawal” shall mean a withdrawal by an Eligible Participant who is enrolled in the Automatic Contribution Account prior to January 1,
2011 pursuant to Section 5.05(e) of this Plan which meets the following rules: 

  

	 	(a)	Election and Timing of Election. The withdrawal is made pursuant to an election by an Eligible Participant and such election is made no later than 90 days after the
date of the first Automatic Contribution with respect to the Eligible Participant under the Automatic Contribution Arrangement. The effective date of any such election shall not be after the earlier of (i) the pay date for the second pay period
that begins after the date the election is made; and (ii) the first pay date that occurs at least 30 days after the election is made 

  

	 	(b)	Amount of Withdrawal. The amount of such withdrawal shall be equal to the amount of the Automatic Contributions made through the effective date of the
Participant’s election (described in (a) above), adjusted for allocable gains and losses to the date of such withdrawal. 

  

	2.39	“Plan Administrator” shall mean the Benefits Committee, which shall have fiduciary responsibility for the interpretation and administration of the Plan, as
provided for in Article XIV. Members of the Benefits Committee shall be appointed as provided for in Section 15.01 hereof. 

  

	2.40	“Plan Year” shall mean a calendar year. 

  

	2.41	“Qualified Automatic Contribution Arrangement (“QACA”)” shall mean a qualified automatic contribution arrangement that meets the requirements of
Code Section 401(k)(13)(B). Effective for Plan Years beginning on or after January 1, 2009, this Plan is intended to satisfy the requirements of Code Section 401(k)(13)(B) including but not limited to, the automatic enrollment and
contribution provisions and the applicable notice requirements of Section 5.05 and the required Employer contributions of the Match Contribution made by the Employer to the Trust pursuant to Section 4.02 of the Plan. Further, this Plan is
intended to be an eligible automatic contribution arrangement that satisfies the provisions of Code Section 414(w)(3) with respect to Eligible Participants who are enrolled in the Automatic Contribution Arrangement prior to January 1,
2011. 

  
 16 

	2.42	“Qualified Default Investment Alternative” shall mean an investment alternative available to Participants and Beneficiaries that satisfies the requirements of
ERISA Section 404(c)(5) and the applicable Department of Labor regulations thereunder and shall be subject to the following rules: 

  

	 	(a)	No Employer Securities. The Qualified Default Investment Alternative does not hold or permit the acquisition of Employer securities, except as permitted by Department
of Labor Regulation Section 2550.404c-5(e)(1)(ii); 

  

	 	(b)	Transfer Permitted. The Qualified Default Investment Alternative permits a Participant or Beneficiary to transfer, in whole or in part, his or her investment from the
Qualified Default Investment Alternative to any other investment alternative available under the Plan, pursuant to the rules of Department of Labor Regulation Section 2550.404c-5(c)(5); 

 

	 	(c)	Management. The Qualified Default Investment Alternative is: 

  

	 	(1)	Managed by: (A) an investment manager, within the meaning of ERISA Section 3(38); (B) a Plan trustee that meets the requirements of ERISA
Section 3(38)(A), (B) and (C); or (C) the Sponsor Employer who is a named fiduciary within the meaning of ERISA Section 402(a)(2); 

  

	 	(2)	An investment company registered under the Investment Company Act of 1940; or 

 

	 	(3)	An investment product or fund described in Department of Labor Regulation Section 2550.404c–5(e)(4)(iv) or (v); and 

 

	 	(d)	Types of Permitted Investments. The Qualified Default Investment Alternative must be an investment product or fund described in Department of Labor Regulation
Section 2550.404c–5(e)(4). 

  

	2.43	“Qualified Domestic Relations Order” shall mean any judgment, decree or order (including approval of a property settlement agreement) which:

  

	 	(i)	relates to the provision of child support, alimony payments, or marital property rights to a spouse, former spouse, child or other dependent of a Participant;

  

	 	(ii)	is made pursuant to a state domestic relations law (including a community property law); 

  
 17 

	 	(iii)	constitutes a “qualified domestic relations order” within the meaning of Section 414(p) of the Code; and 

 

	 	(iv)	is entered on or after January 1, 1985. 

 Effective April 6, 2007, a domestic relations order that otherwise satisfies the requirements for a qualified domestic relations order (QDRO) will not fail to be a QDRO: (i) solely because the
order is issued after, or revises, another domestic relations order or QDRO; or (ii) solely because of the time at which the order is issued, including issuance after the annuity starting date or after the Participant’s death. 

 

	2.44	“Qualified Early Retirement Age” shall mean the later of: 

  

	 	(i)	Age 55; or 

  

	 	(ii)	the date on which the Participant begins participation. 

  

	2.45	“Qualified Joint and Survivor Annuity” shall mean an annuity for the life of the Participant, with a survivor annuity for the life of his or her spouse in an
amount equal to 50% of the amount of the annuity payable during the joint lives of the Participant and his or her spouse, and which is the amount of benefit which can be purchased by the Participant’s Accrued Benefit. 

 

	2.46	“Regular Account” shall mean the account established and maintained for each Participant for whom the Employer has allocated Regular Employer Contributions to
the Trust, and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto. 

  

	2.47	“Regular Employer Contribution” shall mean a Regular Contribution made by the Employer to the Trust for years prior to 1995 pursuant to Section 4.01 of
the Plan as in effect prior to 1995. 

  

	2.48	“Rollover Account” shall mean the account established and maintained for each Participant who has made a Rollover Contribution to the Trust or whose accrued
benefit from another qualified plan has been transferred to this Trust in accordance with Section 5.03 of the Plan, and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto.

  

	2.49	“Rollover Contribution” shall mean a contribution made to the Trust pursuant to Section 5.03 of the Plan. 

 

	2.50	“Salary Reduction Agreement” shall mean an agreement between the Employer and an Eligible Employee as set forth in Sections 3.01(b) and 5.04 pursuant to which
the Eligible Employee authorizes the Employer to withhold a specified percentage of his or her Compensation (otherwise payable in cash) for deposit to the Plan on behalf of such Employee. 

  
 18 

	2.51	“Salary Reduction Contribution” shall mean a pre-tax contribution made by the Employer on behalf of an Eligible
Employee pursuant to a Salary Reduction Agreement and or an Automatic Contribution made by the Employer on behalf of an Eligible Participant pursuant to the Automatic Contribution Arrangement provisions of Section 5.05 of the Plan.

  

	2.52	“Suspense Account” shall mean the account established by the Trustee for maintaining contributions and forfeitures which have not yet been allocated to
Participants. 

  

	2.53	“Tax Deductible Contribution Account” shall mean the account established and maintained for each Participant who has made a Tax Deductible Voluntary
Contribution to the Trust, and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto. 

  

	2.54	“Tax Deductible Voluntary Contribution” shall mean a contribution made to the Trust for years before 1987 and pursuant to Section 5.02 of the Plan as in
effect prior to 1995. 

  

	2.55	“Top Heavy Plan” shall mean for any Plan Year beginning after December 31, 1983 that any of the following conditions exists:

  

	 	(i)	If the top heavy ratio (as defined in Article VI) for this Plan exceeds 60 percent and this Plan is not part of any required aggregation group or permissive aggregation
group of plans. 

  

	 	(ii)	If this Plan is a part of a required aggregation group of plans (but not part of a permissive aggregation group) and the top heavy ratio for the group of plans exceeds
60 percent. 

  

	 	(iii)	If this Plan is a part of a required aggregation group and part of a permissive aggregation group of plans and the top heavy ratio for the permissive aggregation group
exceeds 60 percent. 

 See Article VI for requirements and additional definitions applicable to Top Heavy Plans.

 For Plan Years beginning on and after January 1, 2009, the Match Contribution provided for in Section 4.02 may also
be used to satisfy the minimum contribution requirement for a Top-Heavy Plan, provided no other contribution is made to the Plan for that Plan Year. Further, notwithstanding anything in the Plan to the
contrary, in any Plan Year beginning on and after January 1, 2009 in which Employer contributions to the Plan consist solely of the Match Contribution provided for in Section 4.02, then such Plan will not be treated as a Top Heavy Plan and
will be exempt from the top heavy requirements of Code Section 416. Furthermore, if the Plan (but for the prior sentence) would be treated as a Top Heavy Plan because the Plan is a member of an aggregation group which is a top heavy group, then
the contributions under the Plan may be taken into account in determining whether any other plan in the aggregation group meets the top heavy requirements of Code Section 416. 

  
 19 

	2.56	“Top Heavy Plan Year” shall mean that, for a particular Plan Year, the Plan is a Top Heavy Plan. 

 

	2.57	“Totally and Permanently Disabled” shall mean the inability of a Participant 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. 

In determining the nature, extent and duration of any Participant’s disability, the Plan Administrator may select a physician to
examine the Participant. The final determination of the nature, extent and duration of such disability shall be made solely by the Plan Administrator upon the basis of such evidence as he or she deems necessary and acting in accordance with uniform
principles consistently applied. 
  

	2.58	“Trustee” shall mean the bank or trust company or person or persons who shall be constituted the original trustee or trustees for the Plan and Trust created
therefor, and also any and each successor trustee or trustees. 

  

	2.59	“Trust Fund” shall mean, include and consist of any payments made to the Trustee by the Employer under the Plan and Trust Indenture, or the investments
thereof, together with all income and gains of every nature thereon which shall be added to the principal thereof by the Trustee, less all losses thereon and all payments therefrom. 

 

	2.60	“Trust Indenture” or “Trust” shall mean the Trust Indenture between the Employer and the Trustee in the form annexed hereto, and any and all
amendments thereof or thereto. 

  

	2.61	“USERRA” shall mean the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended. Notwithstanding any provision of the Plan to the
contrary, contributions, benefits, Plan loan repayment, suspensions and service credit with respect to qualified military service will be provided in accordance with Code Section 414(u). 

 

	2.62	“Valuation Date” shall mean each day as of which the value of the Trust Fund shall be calculated. The Plan Administrator reserves the right to change the
frequency of Valuation Dates; provided, however, that in no event shall Valuation Dates occur less frequently than once each calendar quarter. 

 

	2.63	“Voluntary After-Tax Contributions” shall mean a contribution made to the Trust for years prior to 1995 pursuant to
Section 5.01 of the Plan as in effect prior to 1995. 

  

	2.64	“Voluntary Contribution Account” shall mean the account established and maintained for each Participant who has made a Voluntary After-Tax Contribution to the Trust, and all earnings and appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto. 

  
 20 

	2.65	“Year of Service” shall mean, for purposes of determining vesting under Article XIII, the twelve consecutive month period, commencing on the first day an
Employee completes an Hour of Service and in which the Employee completes at least 1,000 Hours of Service. Thereafter, for purposes of determining vesting under Article XIII, the determination of a Year of Service will commence on the anniversary of
the first day the Employee completed an Hour of Service and the twelve consecutive month period that follows, provided the Employee completes at least 1,000 Hours of Service during such period. 

Provided, however, for purposes of determining Plan entry under Article III for Plan Years commencing prior to January 1, 2005,
“Year of Service” means an Eligibility Computation Period during which an Employee completes at least 1,000 Hours of Service. 
 In computing a “Year of Service” for purposes of the Plan, each twelve-month period shall be considered as completed as of the close of business on the last working day, which occurs within such
period, provided that the Employee had completed at least 1,000 Hours of Service during the period ending on such date. 

Notwithstanding any provision of this Plan to the contrary, contributions, benefits and service credit with respect to qualified military
service shall be provided in accordance with Section 414(u) of the Internal Revenue Code. 
 ARTICLE III 

ELIGIBILITY AND PARTICIPATION 
  

					
	3.01	 	(a)    	 	In General. Employees who are employed by the Employer on January 1, 2010 and who were eligible to participate in this Plan on December 31, 2009 shall be
Participants in this Plan on January 1, 2010.

 For Plan Years beginning on and after January 1, 2005, an Employee shall be eligible to participate
in this Plan upon completion of one Hour of Service, provided the Employee is then employed in an eligible class of Employees. For Plan Years beginning prior to January 1, 2005, an Employee shall be eligible to participate in this Plan on the
first day of the calendar month coincident with or following the completion of one Year of Service, provided the Employee is then employed in an eligible class of Employees. 
 For Plan Years beginning on or after January 1, 2005, an Employee shall be eligible to receive Match Contributions upon completion of one Hour of Service, provided the Employee is then employed in an
eligible class of Employees. For Plan Years beginning prior to January 1, 2005, an Employee shall be eligible to receive Match Contributions effective on the first day of the calendar month coincident with or following completion of one Year of
Service, provided the Employee is then employed in an eligible class of Employees. 

  
 21 

 Notwithstanding the foregoing, the following Employees shall not be eligible to become or
remain active Participants hereunder: 
  

	 	(i)	All Employees holding a General Agent’s Contract with the Employer or with an Affiliate; 

 

	 	(ii)	All Employees holding a Career Agent’s or Annuity Specialist’s Contract with the Employer or with an Affiliate; 

 

	 	(iii)	Leased Employees within the meaning of Code Sections 414(n) and (o); 

  

	 	(iv)	A contractor’s employee, i.e., a person working for a company providing goods or services (including temporary employee services) to the Employer or to an
Affiliate whom the Employer does not regard to be its common law employee, as evidenced by its failure to withhold taxes from his or her compensation, even if the individual is actually the Employer’s common law Employee; or

  

	 	(v)	An independent contractor, i.e., a person who is classified by the Employer as an independent contractor, as evidenced by its failure to withhold taxes from his or her
compensation, even if the individual is actually the Employer’s common law Employee. 

 Special rules for
certain persons who were employed by One Beacon Insurance Group, LTD. or any business entity affiliated with One Beacon Insurance Group, LTD. immediately before being employed by the Employer are stated in Appendix A attached hereto. 

Special rules for certain persons who were employed by (i) Campania Holding Company, Inc. or its direct or indirect subsidiaries;
(ii) Benchmark Professional Insurance Services, Inc. or its direct or indirect subsidiaries; or (iii) Insurance Company of the West or its direct or indirect subsidiaries, immediately before being employed by the Employer are stated in
Appendix B attached hereto. 
 Special rules for certain persons who were employed by (i) Professionals Direct, Inc. or its
direct or indirect subsidiaries; (ii) Verlan Holdings, Inc. or its direct or indirect subsidiaries; or (iii) AIX Holdings, Inc. or its direct or indirect subsidiaries, immediately before being employed by the Employer are stated in
Appendix C attached hereto. 

  
 22 

	 	(b)	Employee Participation. On or after the date an Employee first becomes eligible to participate in the Plan, the Employee may direct the Employer to reduce his or
her Compensation in order that the Employer may make Salary Reduction Contributions to the Plan, including Catch-up Contributions, on the Employee’s behalf in accordance with Section 5.04; provided
that for Plan Years beginning on January 1, 2009 and thereafter, any Eligible Participant shall be subject to the automatic enrollment and contribution provisions of Section 5.05. 

 

	3.02	Classification Changes. In the event of a change in job classification, such that an Employee, although still in the employment of the Employer, no longer is an
Eligible Employee, all contributions to be allocated on his or her behalf shall cease and any amount credited to the Employee’s Accounts on the date the Employee shall become ineligible shall continue to vest, become payable or be forfeited, as
the case may be, in the same manner and to the same extent as if the Employee had remained a Participant. 

 If a
Participant’s Salary Reduction Agreement is terminated because he or she is no longer a member of an eligible class of Employees, but the Participant has not terminated his or her employment, such Employee shall again be eligible to enter into
a new Salary Reduction Agreement immediately upon his or her return to an eligible class of Employees. If such Participant terminates his or her employment with the Employer, he or she shall again be eligible to enter into a Salary Reduction
Agreement immediately upon his or her recommencement of service as an Eligible Employee. 
 In the event an Employee who is not a
member of the eligible class of Employees becomes a member of the eligible class, such Employee shall be eligible to participate immediately. 
  

	3.03	Participant Cooperation. Each eligible Employee who becomes a Participant hereunder thereby agrees to be bound by all of the terms and conditions of this Plan
and Trust. 

 ARTICLE IV 
 EMPLOYER CONTRIBUTIONS AND FORFEITURES 
  

	4.01	Salary Reduction Contributions. The Employer shall make Salary Reduction Contributions to the Plan and Trust, including
Catch-up Contributions described in Code Section 414(v), to the extent and in the manner specified in Sections 3.01(b), 5.04, and 5.05. 

Salary Reduction Contributions, including Catch-up Contributions described in Code
Section 414(v), shall be allocated to a Participant’s 401(k) Account as soon as administratively feasible after the earliest date on which such contributions can reasonably be segregated from the Employer’s general assets but in no
event later than the 15th business day of the month following the month in which the Salary Reduction Contributions would have otherwise been payable to the Participant. 

  
 23 

	4.02	Match Contributions. 

  

	 	(a)	For Plan Years beginning on or after January 1, 2009, for each pay period during a Plan Year that a Salary Reduction Contribution is made to the Plan on behalf of
a Participant, the Employer shall make a Match Contribution to the Plan on behalf of the Participant equal to 100% of such Salary Reduction Contributions that do not exceed 6% of the Participant’s Compensation for such pay period; provided that
no such Match Contribution shall be made with respect to any part or all of any such Salary Reduction Contribution that, when added to other such Salary Reduction Contributions made to the Plan on behalf of the Participant during the Plan Year,
would cause the applicable dollar amount under Code Section 402(g)(1)(B) to be exceeded for such Plan Year unless the Salary Reduction Contribution may be treated as a Catch-up Contribution that does not
exceed the limitation under Code Section 402(g)(1)(C). All such Match Contributions shall be made to the Match Contribution Account established for the Participant as soon after each such pay period as practicable. 

For Plan Years beginning on or after January 1, 2005 and before January 1, 2009, unless otherwise voted by the Board of
Directors of the Employer, for each pay period that an eligible Salary Reduction Contribution is made by a Participant to the Trust, not to exceed the Code Section 402(g)(1)(B) limitation and not including
Catch-up Contributions, the Employer shall make a Match Contribution to the Trust on the Participant’s behalf equal to 100% of the first 5% of the Participant’s Salary Reduction Contributions, not
including Catch-up Contributions, made during the pay period. Such Match Contribution shall be made to the Match Contribution Account established for the Participant. 

The Employer shall contribute Match Contributions to the Trust Fund as soon as practicable following the end of each pay period. Such
Match Contributions shall be made in cash and shall be allocated to the Match Contribution Account of each Participant. Such Match Contributions shall be invested per the directions of Participants in accordance with Section 16.02. 

For Plan Years beginning on and after January 1, 2009, within 30 days following the end of each Plan Year, if required, the Employer
shall make a “true-up” Match Contribution to the Match Contribution Account of each Participant employed by the Employer during the Plan Year, such that the total amount of Match Contributions for
each Participant for the Plan Year shall be equal to 100% of the Participant’s Salary Reduction Contributions that do not exceed 6% of the Participant’s Compensation for such Plan Year (and not merely 100% of the Participant’s Salary
Reduction Contributions that do not exceed 6% of the Participant’s Compensation for each pay period during the Plan Year); provided that no such Match Contribution shall be made with respect to any part or all of any such Salary Reduction
Contributions that would cause the applicable dollar amount under Code Section 402(g)(1)(B) to be exceeded for such Plan Year unless the Salary Reduction Contribution can be treated as a Catch-up
Contribution that does not exceed the limitation under Code Section 402(g)(1)(C). 

  
 24 

 For Plan Years beginning on or after January 1, 2005 and before January 1, 2009,
within 30 days following the end of each Plan Year, if required, the Employer shall make a “true-up” Match Contribution to the Match Contribution Account of each Participant employed by the Employer
on the last day of the Plan Year, such that the Match Contribution for such eligible Participant for the Plan Year shall be 100% of the eligible Employer Match Contribution percentage of each such Participant’s Salary Reduction Contributions
made during the entire Plan Year, not including Catch-up Contributions, not merely 100% of the eligible Employer Match Contribution percentage of the Participant’s Salary Reduction Contributions, not
including Catch-up Contributions, made each pay period during the Plan Year. 
  

	 	(b)	 For Plan Years beginning on or after January 1, 2009, (i) the Match Contributions made pursuant to Section 4.02(a) shall be subject to
the withdrawal restrictions set forth in Code Section 401(k)(2)(B) and Treasury Regulation Section 1.401(k)-1(d); and (ii) pursuant to Code Section 401(k)(2)(B) and Treasury Regulations Section 1.401(k)-1(d), such
contributions (and earnings thereon) shall not be distributable earlier than severance from employment, death, disability, an event described in Code Section 401(k)(10), or the attainment of age 59 1/2 and shall not be eligible for distribution for reasons of “financial hardship”. 

  

	4.03	Non-Elective Employer Contributions. 

 

	 	(a)	For Plan Years beginning on or after January 1, 2010, the Board of Directors of the Employer may, in its discretion, determine to make a Non-Elective Employer Contribution to the Plan on behalf of the Employer for each Eligible Employee who is employed by the Employer on the last day of such Plan Year in an amount equal to a uniform percentage of
each such Employee’s Compensation. Any such contribution shall be made in cash to the Non-Elective Employer Contribution Account established for each such Eligible Employee.

For Plan Years beginning on or after January 1, 2008 and before January 1, 2010, Eligible Employees who are employed by the
Employer on the last day of the Plan Year will receive an Employer paid contribution in an amount equal to 2% of the Employee’s Compensation, unless otherwise voted by the Board of Directors of the Employer. 

For Plan Years beginning on or after January 1, 2005 and before January 1, 2008, unless otherwise voted by the Board of
Directors of the Employer, Eligible Employees who are employed by the Employer on the last day of the Plan Year will receive an Employer paid contribution, whether or not the Employee has elected to participate in the Plan, equal to 3% of eligible
Plan Compensation. 

  
 25 

 The contribution shall be made in cash. Such contribution shall be made to the Non-Elective Employer Contribution Account to be established for each such Employee and shall be invested per the direction of the Participant in accordance with Section 16.02 of the Plan. 

 

	 	(b)	Notwithstanding anything in the Plan to the contrary, for the 2006 Plan Year only, and subject to compliance with applicable Code discrimination laws, rules and
regulations, all Employees, other than First Allmerica Operating Committee Members, employed by the Employer on December 31, 2006, shall receive an extra Employer paid contribution of $500, whether or not the Employee has elected to participate
in the Plan.

 Provided, however that Employees who voluntarily terminated between January 1, 2007 and
March 5, 2007, or Employees who were terminated between such dates for cause, are not eligible for the extra company paid $500 award. 
 The contribution and extra contribution shall be made in cash. Such contribution and extra contribution shall be made to the Non-Elective Employer Contribution
Account established for each eligible Employee and shall be invested per the direction of the Participant in accordance with Section 16.02 of the Plan. 
  

	 	(c)	Notwithstanding any other provision in the Plan to the contrary, for the 2010 Plan Year only, and subject to compliance with applicable Code discrimination laws, rules
and regulations, each Participant who was an Employee on December 31, 2009, has been continuously employed from December 31, 2009 through March 1, 2010 and who earned Compensation during the Plan Year ended December 31, 2009,
shall receive an Employer paid contribution of $500, whether or not such Employee has elected to make Salary Reduction Contributions to the Plan during such continuous period of employment. This Employer contribution shall be made in cash to
the Non-Elective Employer Contribution Account established for any such eligible Employee as soon after March 1, 2010 as is practicable and shall be invested per the direction of the Participant in
accordance with Section 16.02 of the Plan. 

  

	4.04	Minimum Employer Contribution for Top Heavy Plan Years. 

  

	 	(a)	 Minimum Allocation for Non-Key Employees. Notwithstanding anything in the Plan to the contrary except
(b) through (e) below, for any Top Heavy Plan Year Employer Contributions allocated to the Accounts of each Non-Key Employee Participant shall be equal to at least three percent of such Non-Key Employee’s Compensation (as defined for purposes of Article VII as limited by Section 401(a)(17) of the Code) for the Plan Year. However, should the Employer Contributions allocated to the Accounts
of each Key Employee for such Top Heavy Plan Year be less than three percent of each Key Employee’s Compensation, the Employer Contribution allocated to the Accounts of each

  
 26 

	 	
Non-Key Employee shall be equal to the largest percentage allocated to Accounts of a Key Employee. The preceding sentence shall not apply if this Plan is
required to be included in an aggregation group (as described in Section 416 of the Internal Revenue Code) if such plan enables a defined benefit plan required to be included in such group to meet the requirements of Code Section 401(a)(4)
or 410. For purposes of determining the percentage of Employer Contributions allocated to the Accounts of Key Employees, Salary Reduction Contributions made on their behalf shall be counted and be considered to be Employer Contributions. However, in
determining whether a minimum Employer Contribution has been made to a Non-Key Employee’s Accounts, Salary Reduction Contributions made on his or her behalf shall be excluded and not considered.

  

	 	(b)	For purposes of the minimum allocations set forth above, the percentage allocated to the Accounts of any Key Employee shall be equal to the ratio of the sum of the
Employer Contributions allocated on behalf of such Key Employee divided by the Employee’s Compensation for the Plan Year (as defined for purposes of Article VII), not in excess of the applicable Compensation dollar limitation imposed by Code
Section 401(a)(17). 

  

	 	(c)	For any Top Heavy Plan Year, the minimum allocations set forth above shall be allocated to the Accounts of all Non-Key Employees
who are Participants and who are employed by the Employer on the last day of the Plan Year, including Non-Key Employee Participants who have failed to complete a Year of Service. 

 

	 	(d)	Notwithstanding anything herein to the contrary, in any Plan Year in which a Non-Key Employee is a Participant in both this Plan
and a defined benefit pension plan included in a Required or Permissive Group of Top Heavy Plans, the Employer shall not be required to provide a Non-Key Employee with both the full separate minimum defined
benefit plan benefit and the full separate minimum defined Contribution plan allocation described in this Section. Therefore, if the Employer maintains such a defined benefit and defined contribution plan, the
top-heavy minimum benefits shall be provided as follows: 

  

	 	(i)	If a Non-Key Employee is a participant in such defined benefit plan but is not a Participant in this defined contribution plan,
the minimum benefits provided for Non-Key Employees in the defined benefit plan shall be provided to the Employee if the defined benefit plan is a Top Heavy Plan and the minimum contributions described in this
Section 4.04 shall not be provided. 

  

	 	(ii)	If a Non-Key Employee is a participant in such defined benefit plan and is also a Participant in this defined contribution plan,
the minimum benefits for Non-Key Employee participants in Top Heavy Plans provided in the defined benefit plan shall not be applicable to any such Non-Key Employee who
receives the full maximum contribution described in the preceding sentence. 

  
 27 

 Notwithstanding anything herein to the contrary, no minimum contribution will be required
under this Plan (or the minimum contribution under this Plan will be reduced, as the case may be) for any Plan Year if the Employer maintains another qualified defined contribution plan under which a minimum contribution is being made for such year
for the Participant in accordance with Section 416 of the Internal Revenue Code. 
  

	 	(e)	The minimum allocation required under this Section 4.04 (to the extent required to be nonforfeitable under Section 416(b) of the Code) may not be forfeited
under Code Sections 411(a)(3)(B) or 411(a)(3)(D). 

  

	4.05	Contributions under USERRA. For Plan Years beginning on and after January 1, 2008, the Employer shall also make Match Contributions, Top-Heavy minimum contributions and any other Employer contribution for the benefit of Participants who are covered by USERRA. Match Contributions under USERRA shall be made in the Plan Year for which the
Participant exercises his or her right to make-up elective deferrals contributions (Salary Reduction Contributions) for prior years. Top-Heavy minimum contributions and
other Employer contributions for USERRA protected service shall be made during the Plan Year in which the individual returns to employment with the Employer. Employer contributions required under USERRA are not increased or decreased with respect to
Plan investment earnings for the period to which such contributions relate. The Employer’s contribution for any Plan Year shall be subject to the limitations on allocations contained in Article VII. 

 

	4.06	Application of Forfeitures. Amounts forfeited during a Plan Year shall be used to reduce Match Contributions for that Plan Year and each succeeding Plan Year, if
necessary. 

  

	4.07	Limitations upon Employer Contributions. In no event shall the Employer contribution for any Plan Year exceed the maximum allowable under Sections 404 and 415 of
the Internal Revenue Code or any similar or subsequent provision. 

  

	4.08	Payment of Contributions to Trustee. The Employer shall make payment of all contributions, including Participant contributions, which shall be remitted to the
Employer by payroll deduction or otherwise, directly to the Trustee in accordance with this Article IV but subject to Section 4.09. 

  

	4.09	Receipt of Contributions by Trustee. The Trustee shall accept and hold under the Trust such contributions of money, or other property approved by the Employer
for acceptance by the Trustee, on behalf of the Employer and Participants as it may receive from time to time from the Employer. All such contributions shall be accompanied by written instructions from the Employer accounting for the manner in which
they are to be credited and specifying the appropriate Participant Account to which they are to be allocated. 

  
 28 

 ARTICLE V 
 EMPLOYEE CONTRIBUTIONS AND ROLLOVER CONTRIBUTIONS 
  

	5.01	Voluntary After-Tax Contributions. For Plan Years beginning prior to January 1, 1995, a Participant could
contribute Voluntary After-Tax Contributions to the Plan and Trust in each Plan Year during which he or she was a Plan Participant in amounts as determined under the Plan in effect prior to 1995.

 The Plan shall separately account for: (i) pre-1987 Voluntary After-Tax Contributions; (ii) investment income attributable to pre-1987 Voluntary After-Tax Contributions; and
(iii) post-1986 Voluntary After-Tax Contributions and income attributable to such contributions. 
  

	5.02	Tax Deductible Voluntary Contributions. The Plan Administrator will not accept Tax Deductible Voluntary Contributions made for years after 1986. Such
contributions made for years prior to that date will be maintained in a separate account which will be nonforfeitable at all times, and which shall include gains and losses in accordance with Section 8.02. 

 

	5.03	Rollover Contributions. With the consent of the Plan Administrator, the Trustee may accept funds transferred from other pension, profit sharing or stock bonus
plans qualified under Section 401(a) of the Internal Revenue Code or Rollover Contributions, provided that the plan from which such funds are transferred permits the transfer to be made. 

In the event of a transfer or Rollover Contribution to this Plan, the Plan Administrator shall maintain a 100% vested and nonforfeitable
account for the amount transferred and its share of the Trust Fund’s accretions or losses, to be known as the Participant’s Rollover Account. Transferred and Rollover Contributions shall be separately accounted for. 

“Rollover Contribution” means any rollover contribution described in Code Sections 402(c)(4), 403(a)(4), 403(b)(8), 408(d)(3) or
457(e)(16). 
 An Employee who makes a contribution to the Plan described in this Section shall become a Plan Participant on the
date the Trustee accepts the contribution. However, no Employer Contributions will be made on behalf of such Employee, nor will the Employee be eligible to direct the Employer to make Salary Reduction Contributions on his or her behalf, until the
Employee satisfies the Plan eligibility requirements for such contributions set forth in Article III. 
 Notwithstanding the
above, for Plan Years beginning January 1, 1999 and thereafter, the Trustee shall no longer accept funds transferred from plans qualified under 401(a) of the Internal Revenue Code unless the transferor plan is maintained by the Employer or by
an Affiliate. Notwithstanding the foregoing, for Plan Years beginning on and after January 1, 2011, the Trustee shall not accept funds transferred from any such plan, which would otherwise provide for a life annuity form of payment to the
Participant. Rollover Contributions to the Plan shall continue to be allowed in accordance with this Section 5.03. 

  
 29 

	5.04	Salary Reduction Contributions. 

  

	 	(a)	An Employee who is eligible to participate in the Plan may execute a Salary Reduction Agreement to reduce his or her Compensation in order to make Salary Reduction
Contributions to the Plan, including Catch-up Contributions. The Salary Reduction Agreement shall be made in a form approved by the Plan Administrator (including, if applicable, by means of telephone,
computer, or other paperless media). The Compensation of any Eligible Employee electing salary reduction shall be reduced by the whole percentage requested by the Employee; provided, however, that the Plan Administrator shall identify
the maximum whole percentage on an annual basis. Any Salary Reduction Agreement shall become effective as soon as administratively feasible after the Employee elects to have his or her salary reduced. For Plan Years beginning on or after
January 1, 2006, except for occasional, bona fide administrative considerations, Salary Reduction Contributions made pursuant to a Salary Reduction Agreement cannot precede the earlier of (1) the performance of services relating to the
contribution and (2) when the compensation that is subject to the election would be currently available to the Participant in the absence of an election to defer. 

A Participant may elect at any time to change or discontinue his or her Salary Reduction Agreement. Unless otherwise agreed to by the Plan
Administrator, the election shall become effective as soon as administratively feasible after the Employee elects such change or discontinuance. 
  

	 	(b)	Make-up Elective Deferrals under USERRA. Effective for Plan Years beginning on and after January 1, 2008, a
Participant who has the right to make-up elective deferrals (Salary Reduction Contributions) under USERRA shall be permitted to increase his or her elective deferral with respect to a make-up year without regard to any provision limiting contributions for such Plan Year. Make-up contributions shall be limited to the maximum amount permitted under the Plan
and the statutory limitations applicable with respect to the make-up year. Employee-related make-up contributions must be made within the time period beginning on the
date of reemployment and continuing for the lesser of five (5) years or three (3) times the period of military service. 

  
 30 

 For Plan Years beginning prior to January 1, 2009,
“Make-up” Salary Reduction Contributions made by reason of an Eligible Employee’s qualified military service under Code section 414(u) shall not be taken into account for any year when
calculating an employee’s Actual Deferral Percentage (under Section 9.01(a)) as provided for in Treasury Regulation section 1.401(k)-2(a)(5)(v) and Match Contributions thereon shall not be taken into account for any year when calculating
an employee’s Average Contribution Percentage (under Section 10.01(a)) as provided for in Treasury Regulation section 1.401(m)-2(a)(5)(vi). 
  

	5.05	Qualified Automatic Contribution Arrangement (“QACA”). 

  

	 	(a)	Effective Date of the QACA. Effective for Plan Years beginning on or after January 1, 2009, the provisions of this Section 5.05 of the Plan shall apply
to each Participant subject to the QACA and the Employer will provide the Match Contribution specified in Section 4.02 of the Plan. This Section 5.05 of the Plan supersedes any State (or Commonwealth) law that would directly or indirectly
prohibit or restrict the inclusion of an automatic contribution arrangement in the Plan, pursuant to ERISA Section 514(e)(1) and Department of Labor Regulation Section 2550.404c–5(f). 

 

	 	(b)	Participants Subject to the QACA. The following Eligible Employees shall be Eligible Participants subject to the Automatic Contribution Arrangement:

  

	 	(i)	Each Employee who becomes eligible to participate in the Plan on and after January 1, 2009 and is eligible to make a Salary Reduction Contribution.

  

	 	(ii)	Each Employee who became eligible to participate in the Plan prior to January 1, 2009 and who is eligible to participate in the Plan on January 1, 2009,
except any such Participant who had in effect a Salary Reduction Agreement on such date (regardless of the amount of the Salary Reduction Contribution affirmatively elected under the agreement). 

 

	 	(c)	Automatic Contribution Arrangement. 

  

	 	(i)	Automatic Contributions. Except as provided in Section 5.05(d) of the Plan, an Eligible Participant will be treated as having elected to direct the Employer to
reduce his or her Compensation in order that the Employer may make Salary Reduction Contributions to the Plan equal to the following uniform percentages of Compensation: 

 

	 	A.	Initial Period. An Eligible Participant will be treated as having elected to have the Employer make Salary Reduction Contributions to the Plan in an amount equal to 3%
of his or her Compensation during the initial period. For this purpose, the initial period begins when the Employee is first subject to the Automatic Contributions default election under this Section 5.05(c)(i) and ends on the last day of the
following Plan Year. 

  
 31 

	 	B.	Subsequent Plan Years. For the three Plan Years immediately following the initial period, an Eligible Participant will be treated as having elected to have the Employer
make Salary Reduction Contributions to the Plan in the amounts equal to 4%, 5% and 6% respectively, of his or her Compensation. For all Plan Years thereafter, an Eligible Participant will be treated as having elected to have the Employer make Salary
Reduction Contributions to the Plan in the amounts equal to 6% of his or her Compensation. 

  

	 	C.	Treatment of Rehires. The default percentages of Compensation stated above for the purposes of the Automatic Contributions are based on the date the initial period
begins, regardless of whether the Employee continues to be eligible to make Salary Reduction Contributions under the Plan after that date. Thus, the applicable percentage is generally determined based on the number of years since an Automatic
Contribution was first made on behalf of an Eligible Participant. However, if Automatic Contributions are not made on behalf of an Eligible Participant for an entire Plan Year (e.g., due to termination of employment), such Eligible Participant shall
be treated as having a new initial period for determining the default percentage of Compensation stated above (if Automatic Contributions are to recommence with respect to the Eligible Participant), regardless of what minimum percentage would
otherwise apply to that Eligible Participant. 

  

	 	(ii)	Effective Date of Automatic Contributions. The effective date of the first Automatic Contribution provided for in paragraph (i) above, will be as soon after an
Eligible Participant becomes subject to the QACA as is practicable, consistent with (a) applicable law, and (b) the objective of affording the Eligible Participant a reasonable period of time after receipt of the notice to make an
Affirmative Election (and, an investment election). However, in no event will the Automatic Contribution be effective later than the earlier of (a) the pay date for the second payroll period that begins after the date the QACA safe harbor
notice (described in Section 5.05(f) of the Plan) is provided to the Eligible Participant, or (b) the first pay date that occurs at least 30 days after the QACA safe harbor notice is provided to the Eligible Participant.

  
 32 

	 	(d)	Rules Related to Automatic Contributions. 

  

	 	(i)	Affirmative Election to Override Automatic Contributions. An Eligible Participant will have a reasonable period of time after receipt of the notice to make an
Affirmative Election (and, an investment election). The Automatic Contributions provided for in Section 5.05(c) of the Plan shall cease with respect to an Eligible Participant as soon as administratively feasible after the Eligible Participant
makes an Affirmative Election. An Eligible Participant’s Affirmative Election will not expire, but will remain in force until changed by the Eligible Participant. An Eligible Participant need not execute a subsequent or new Affirmative Election
in order to have the prior or old Affirmative Election apply to override the Automatic Contributions provided for in Section 5.05(c) of the Plan in any subsequent Plan Year. Any subsequent change to an Eligible Participant’s Affirmative
Election will be made in accordance with Section 5.04 of the Plan relating to a Participant’s right to elect at any time to change or discontinue his or her Salary Reduction Agreement. 

 

	 	(ii)	Applying Statutory Limits to Automatic Contributions. The Automatic Contributions provided for in Section 5.05(c) of the Plan shall be limited each Plan Year so as
not to exceed the limits of Code Sections 401(a)(17), 402(g)(1), or 415. 

  

	 	(iii)	No Automatic Contributions during Hardship Suspension. No Automatic Contributions provided in Section 5.05(c) of the Plan shall apply during the six-month period of suspension, under Section 11.02 of the Plan, of a Participant’s right to make Salary Reduction Contributions to the Plan following a distribution for “financial hardship”.

  

	 	(e)	Permissible Withdrawals. 

  

	 	(i)	Withdrawal Election. An Eligible Participant who is enrolled in the Automatic Contribution Arrangement prior to January 1, 2011 may elect to make a Permissible
Withdrawal of the Automatic Contributions that are made to the Plan on his or her behalf. 

  

	 	(ii)	Forfeiture of Match Contribution. Notwithstanding the vesting provisions of this Plan, any amounts attributable to Match Contributions allocated to the Match
Contribution Account of an Eligible Participant with respect to Automatic Contributions that have been withdrawn pursuant to this Section 5.05(e) shall be forfeited. In the event that Match Contributions would otherwise be allocated to the
Eligible Participant’s Match Contribution Account with respect to Automatic Contributions that have been so withdrawn, the Employer shall not contribute such Match Contributions to the Plan. 

  
 33 

	 	(f)	Default Investment. If an Eligible Participant does not direct the investment of the assets in his or her Account, including the Automatic Contributions and Match
Contributions related thereto, then such assets will be invested in a Qualified Default Investment Alternative as provided for in Section 16.03 of the Plan. 

 

	 	(g)	Notice Requirements for QACA Safe Harbor. The notice requirement is satisfied if each Eligible Participant is given an annual notice of the his or her rights and
obligations under the Plan and the notice provided satisfies the content requirement and the timing requirement as follows: 

  

	 	(i)	The notice shall be sufficiently accurate and comprehensive to inform the Eligible Participant of the Eligible Participant’s rights and obligations under the Plan
and written in a manner calculated to be understood by the average Eligible Participant. The notice shall accurately describe: (1) the Match Contribution formula stated in Section 4.02 of the Plan; (2) any other contributions under
the Plan and the conditions under which such contributions are made; (3) the type and amount of Compensation that may be deferred under the Plan; (4) how to make cash or deferred elections, including any administrative requirements that
apply to such elections; (5) the periods available under the Plan for making cash or deferred elections; (6) withdrawal and vesting provisions applicable to contributions under the Plan; and (7) information that makes it easy to
obtain additional information about the Plan; provided that the notice requirement with respect to the information described in items (2), (3), and (4) may be satisfied by cross-reference to the applicable sections of the Plan’s summary
plan description. In addition, the notice shall accurately describe: (1) the Automatic Contributions that will be made on behalf of the Eligible Participant in the absence of an Affirmative Election; (2) the Eligible Participant’s
right to elect not to have the Automatic Contributions made on his or her behalf (or to elect to have Salary Reduction Contributions made in a percentage of Compensation different than that which is provided for in Section 5.05(c) of the Plan,
at the percentage of Compensation specified in his or her Salary Reduction Agreement); (3) how contributions made under the Automatic Contribution Arrangement will be invested in the absence of any investment election by the Eligible
Participant; and (4) with respect to Eligible Participants who are enrolled in the Automatic Contribution Account prior to January 1, 2011, the Eligible Participant’s right to make a Permissible Withdrawal of the Automatic
Contributions made on his or her behalf and the procedures for doing so. After receipt of the notice described in this paragraph, any Eligible Participant to whom the Automatic Contribution Arrangement relates must have a reasonable period of time
before the first Automatic Contribution is made to exercise the rights set forth within the notice including, but not limited to, executing an Affirmative Election to override the Automatic Contributions provided for in Section 5.05(c) of the
Plan. 

  
 34 

	 	(ii)	If the notice is provided to Eligible Participants within a reasonable period before the beginning of each Plan Year (or in the Plan Year an Employee becomes eligible,
within a reasonable period before the Employee becomes eligible), the Plan shall satisfy the notice requirements. Notwithstanding the foregoing general rule, a notice shall be deemed to have been provided in timely manner if the notice is provided
to each Employee who is eligible to participate in the Plan for the Plan Year at least thirty (30) days but no more than ninety (90) days before the beginning of the Plan Year. If an Employee does not receive the notice because he or she
only becomes eligible to participate in the Plan after the ninetieth day before the beginning of the Plan Year, the requirement to give the notice will be satisfied if the notice is provided not more than ninety (90) days before the Employee
becomes eligible to participate in the Plan, but in no event later than the date the Employee becomes eligible to participate in the Plan. 

  

	 	(iii)	Each Eligible Participant may make or modify a deferral election during the thirty (30) day period immediately following receipt of the notice described above, as
provided for in Section 5.04 of the Plan. 

  

	 	(iv)	The Plan may provide the notice in writing or by electronic means. If provided electronically, the notice must be no less understandable than a written paper document
and at the time of delivery of the electronic notice, the Employee is advised that he or she may request to receive the notice in writing at no additional charge. 

 ARTICLE VI 
 PROVISIONS APPLICABLE TO TOP HEAVY PLANS 

 

	6.01	In general. For any Top Heavy Plan Year, the Plan shall provide the minimum contribution for Non-Key Employees described
in Section 4.04. 

 If the Plan is or becomes a Top Heavy Plan, the provisions of this Article will supersede
any conflicting provisions in the Plan. 
  

	6.02	Determination of Top Heavy Status. 

  

	 	(a)	This Plan shall be a Top Heavy Plan for any Plan Year commencing after December 31, 1983 if any of the following conditions exists: 

 

	 	(i)	If the top heavy ratio for this Plan exceeds 60 percent and this Plan is not part of any required aggregation group or permissive aggregation group of plans.

  
 35 

	 	(ii)	If this Plan is a part of a required aggregation group of plans but not part of a permissive aggregation group and the top heavy ratio for the group of plans exceeds 60
percent. 

  

	 	(iii)	If this Plan is a part of a required aggregation group and part of a permissive aggregation group of plans and the top heavy ratio for the permissive aggregation group
exceeds 60 percent. 

  

	 	(b)	The Plan top heavy ratio shall be determined as follows: 

  

	 	(i)	Defined Contribution Plans Only: If the Employer maintains one or more defined contribution plans (including any Simplified Employee Pension Plan, as defined in
Section 408(k) of the Code) and the Employer has not maintained any defined benefit plan which during the 1-year period (5-year period in determining whether the
Plan is Top Heavy for Plan Years beginning before January 1, 2002) ending on the determination date(s) has or has had accrued benefits, the top-heavy ratio for this Plan alone or for the required or
permissive aggregation group, as appropriate, is a fraction, the numerator of which is the sum of the account balances of all Key Employees as of the determination date(s) (including any part of any account balance distributed in the 1-year period ending on the determination date(s) (5-year period ending on the determination date in the case of a distribution made for a reason other than severance from
employment, death or disability and in determining whether the Plan is Top Heavy for Plan Years beginning before January 1, 2002), and the denominator of which is the sum of all account balances (including any part of any account balance
distributed in the 1-year period ending on the determination date(s)) (5-year period ending on the determination date in the case of a distribution made for a reason
other than severance from employment, death or disability and in determining whether the Plan is Top Heavy for Plan Years beginning before January 1, 2002), both computed in accordance with Section 416 of the Code and the Regulations
thereunder. Both the numerator and denominator of the top-heavy ratio are increased to reflect any contribution not actually made as of the determination date, but which is required to be taken into account on
that date under Section 416 of the Code and the Regulations thereunder. 

  

	 	(ii)	 Defined Contribution and Defined Benefit Plans: If the Employer maintains one or more defined contribution plans (including any Simplified Employee
Pension Plan) and the Employer maintains or has maintained one or more defined benefit plans which during the 1-year 

  
 36 

	 	
period (5-year period in determining whether the Plan is Top Heavy for Plan Years beginning before January 1, 2002) ending on the determination
date(s) has or has had any accrued benefits, the top-heavy ratio for any required or permissive aggregation group, as appropriate, is a fraction, the numerator of which is the sum of account balances under the
aggregated defined contribution plan or plans for all Key Employees, determined in accordance with (i) above, and the present value of accrued benefits under the aggregated defined benefit plan or plans for all Key Employees as of the
determination date(s), and the denominator of which is the sum of the account balances under the aggregated defined contribution plan or plans for all Participants, determined in accordance with (i) above, and the present value of accrued
benefits under the defined benefit plan or plans for all Participants as of the determination date(s), all determined in accordance with Section 416 of the Code and the Regulations thereunder. The accrued benefits under a defined benefit plan
in both the numerator and denominator of the top-heavy ratio are increased for any distribution of an accrued benefit made in the 1-year period ending on the
determination date (5-year period ending on the determination date in the case of a distribution made for a reason other than severance from employment, death or disability and in determining whether the Plan
is Top Heavy for Plan Years beginning before January 1, 2002). 

  

	 	(iii)	Determination of Values of Account Balances and Accrued Benefits: For purposes of (i) and (ii) above the value of Account balances and the present value of
Accrued Benefits will be determined as of the most recent valuation date that falls within or ends with the 12-month period ending on the determination date, except as provided in Section 416 of the Code
and the Regulations thereunder for the first and second plan years of a defined benefit plan. The account balances and accrued benefits of a Participant (1) who is not a Key Employee but who was Key Employee in a prior year, or (2) who has
not had at least one Hour of Service with the Employer at any time during the 1-year period (five-year period in determining whether the Plan is Top Heavy for Plan Years beginning before January 1, 2002)
ending on the determination date will be disregarded. The calculation of the top-heavy ratio and the extent to which distributions, rollovers, and transfers are taken into account will be made in accordance
with Section 416 of the Code and the Regulations thereunder. Tax Deductible Voluntary Employee contributions will not be taken into account for purposes of computing the top-heavy ratio. When aggregating
plans the value of account balances and accrued benefits will be calculated with reference to the determination dates that fall within the same calendar year. 

  
 37 

 The Accrued Benefit of a Participant other than a Key Employee shall be determined under
(i) the method, if any, that uniformly applies for accrual purposes under all defined benefit plans maintained by the Employer; or (ii) 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 Section 411(b)(l)(C) of the Code. 
  

	 	(c)	Permissive aggregation group: The required aggregation group of plans plus any other plan or plans of the Employer which, when considered as a group with the required
aggregation group, would continue to satisfy the requirements of Section 401(a)(4) and 410 of the Internal Revenue Code. 

  

	 	(d)	Required aggregation group: (i) Each qualified plan of the Employer in which at least one Key Employee participates or participated at any time during the
determination period (regardless of whether the Plan has terminated), and (ii) any other qualified plan of the Employer which enables a plan described in (i) to meet the requirements of Section 401(a)(4) or 410 of the Internal Revenue
Code. 

  

	 	(e)	Determination date: The last day of the preceding Plan Year. 

  

	 	(f)	Present Value: Present value shall be based on the 1971 Group Annuity Table, unprojected for post-retirement mortality, with no assumption for pre-retirement withdrawal and interest at the rate of 5% per annum. 

ARTICLE VII 

LIMITATIONS ON ALLOCATIONS 

(See Sections 7.12-7.16 for definitions applicable to this Article VII). 
  

	7.01	If the Participant does not participate in, and has never participated in another qualified plan, a welfare benefit fund (as defined in Section 419(e) of the
Code), an individual medical account (as defined in Section 415(l)(2) of the Code) or a simplified employee pension (as defined in Section 408(k) of the Code), maintained by the Employer, the amount of Annual Additions which may be
credited to the Participant’s Accounts for any Limitation Year will not exceed the lesser of the Maximum Permissible Amount or any other limitation contained in this Plan. If the Employer contribution that would otherwise be contributed or
allocated to the Participant’s Account would cause the Annual Additions for the Limitation Year to exceed the Maximum Permissible Amount, the amount contributed or allocated will be reduced so that the Annual Additions for the Limitation Year
will equal the Maximum Permissible Amount. 

  
 38 

	7.02	Prior to determining the Participant’s actual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount for a Participant on
the basis of a reasonable estimation of the Participant’s annual Compensation for the Limitation Year, uniformly determined for all Participants similarly situated. 

 

	7.03	As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year will be determined on the basis of
the Participant’s actual Compensation for the Limitation Year. 

  

	7.04	Excess Annual Additions. Notwithstanding any provision of the Plan to the contrary, if the Annual Additions (within the meaning of Code Section 415) are
exceeded for any Participant, then the Plan may only correct such excess in accordance with the Employee Plans Compliance Resolution System (EPCRS) as set forth in Revenue Procedure 2008-50 or any superseding
guidance, including, but not limited to, the preamble of the Final Treasury Regulations under Code Section 415. 

  

	7.05  (a)	Aggregation and Disaggregation of Plans. Sections 7.06 through 7.11 apply if, in addition to this Plan, the Participant is covered under another qualified
defined contribution plan, a welfare benefit fund, an individual medical account or a simplified employee pension maintained by the Employer during any Limitation Year. The term “Employer” for this purpose means the Employer that adopts
this Plan and all members of a controlled group or an affiliated service group that includes the Employer (within the meaning of Code Sections 414(b), (c), (m) or (o)), except that for purposes of this Section, the determination shall be made
by applying Code Section 415(h), and shall take into account tax-exempt organizations under Treasury Regulation Section 1.414(c)-5, as modified by Treasury
Regulation Section 1.415(a)-1(f)(1). For purposes of this Section: 

  

	 	(i)	A former Employer is a “predecessor employer” with respect to a Participant in a plan maintained by an Employer if the Employer maintains a plan under which
the Participant had accrued a benefit while performing services for the former Employer, but only if that benefit is provided under the plan maintained by the Employer. For this purpose, the formerly affiliated plan rules in Treasury Regulation
Section 1.415(f)-1(b)(2) apply as if the Employer and predecessor Employer constituted a single employer under the rules described in Treasury Regulation Section 1.415(a)-1(f)(1) and (2) immediately prior to the cessation of
affiliation (and as if they constituted two, unrelated employers under the rules described in Treasury Regulation Section 1.415(a)-1(f)(1) and (2) immediately after the cessation of affiliation) and cessation of affiliation was the event
that gives rise to the predecessor employer relationship, such as a transfer of benefits or plan sponsorship. 

  
 39 

	 	(ii)	With respect to an Employer of a Participant, a former entity that antedates the Employer is a “predecessor employer” with respect to the Participant if,
under the facts and circumstances, the employer constitutes a continuation of all or a portion of the trade or business of the former entity. 

  

	 	(b)	Break-Up of an Affiliate Employer or an Affiliated Service Group. For purposes of aggregating plans for Code
Section 415, a “formerly affiliated plan” of an employer is taken into account for purposes of applying the Code Section 415 limitations to the Employer, but the formerly affiliated plan is treated as if it had terminated
immediately prior to the “cessation of affiliation.” For purposes of this paragraph, a “formerly affiliated plan” of an Employer is a plan that, immediately prior to the cessation of affiliation, was actually maintained by one or
more of the entities that constitute the employer (as determined under the employer affiliation rules described in Treasury Regulation Section 1.415(a)-1(f)(1) and (2)), and immediately after the cessation of affiliation, is not actually
maintained by any of the entities that constitute the employer (as determined under the employer affiliation rules described in Treasury Regulation Section 1.415(a)-1(f)(1) and (2)). For purposes of this paragraph, a “cessation of
affiliation” means the event that causes an entity to no longer be aggregated with one or more other entities as a single employer under the employer affiliation rules described in Treasury Regulation Section 1.415(a)-1(f)(1) and
(2) (such as the sale of a subsidiary outside a controlled group), or that causes a plan to not actually be maintained by any of the entities that constitute the employer under the employer affiliation rules of Treasury Regulation
Section 1.415(a)-1(f)(1) and (2) (such as a transfer of plan sponsorship outside of a controlled group). 

  

	 	(c)	Midyear Aggregation. Two or more defined contribution plans that are not required to be aggregated pursuant to Code Section 415(f) and the Regulations
thereunder as of the first day of a Limitation Year do not fail to satisfy the requirements of Code Section 415 with respect to a Participant for the Limitation Year merely because they are aggregated later in that Limitation Year, provided
that no Annual Additions are credited to the Participant’s Account after the date on which the plans are required to be aggregated. 

  

	7.06	 The Annual Additions which may be credited to a Participant’s Accounts under this Plan for any such Limitation Year will not exceed the Maximum
Permissible Amount reduced by the Annual Additions credited to a Participant’s Account under the other plans, welfare benefit funds, individual medical accounts and simplified employee pensions for the same Limitation Year. If the Annual
Additions with respect to the Participant under other defined contribution plans, welfare benefit funds, individual medical accounts and simplified employee pensions maintained by the Employer are less than the Maximum Permissible Amount and the
Employer contribution that would otherwise be contributed or allocated to the Participant’s Accounts under this Plan would cause the Annual Additions for the Limitation Year to exceed this limitation, the amount contributed or allocated will be
reduced so that the Annual Additions under all such plans and funds for the Limitation Year will equal the Maximum Permissible Amount. If the Annual Additions with respect to the

  
 40 

	 	
Participant under such other defined contribution plans, welfare benefit funds, individual medical accounts and simplified employee pensions in the aggregate are equal to or greater than the
Maximum Permissible Amount, no amount will be contributed or allocated to the Participant’s Accounts under this Plan for the Limitation Year. 

  

	7.07	Prior to determining the Participant’s actual Compensation for the Limitation Year, the Employer may determine the Maximum Permissible Amount in the manner
described in Section 7.02. 

  

	7.08	As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for the Limitation Year will be determined on the basis of
the Participant’s actual Compensation for the Limitation Year. 

  

	7.09	If, pursuant to Section 7.08, or as a result of the allocation of forfeitures, a Participant’s Annual Additions under this Plan and such other plans 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 simplified employee pension will be deemed to have been allocated
first, followed by Annual Additions to a welfare benefit fund or individual medical account, regardless of the actual allocation date. 

  

	7.10	If an Excess Amount was allocated to a Participant on an allocation date of this Plan which coincides with an allocation date of another plan, the Excess Amount
attributed to this Plan will be the product of: 

  

	 	(i)	the total Excess Amount allocated as of such date, times 

  

	 	(ii)	the ratio of (A) the Annual Additions allocated to the Participant for the Limitation Year as of such date under this Plan to (B) the total Annual Additions
allocated to the Participant for the Limitation Year as of such date under this and all the other qualified defined contribution plans. 

  

	7.11	Any Excess Amount attributed to this Plan will be disposed of in the manner described in Section 7.04. 

(Sections 7.12 - 7.16 are definitions used in this Article VII). 
  

	7.12	Annual Additions. The sum of the following amounts credited to a Participant’s Accounts for the Limitation Year. 

 

	 	(i)	Employer contributions (including Salary Reduction Contributions); 

  

	 	(ii)	Employee contributions; 

  

	 	(iii)	forfeitures; and 

  

	 	(iv)	allocations under a simplified employee pension. 

  
 41 

 Employee and Employer make-up contributions under
USERRA received during the current Limitation Year shall be treated as Annual Additions with respect to the Limitation Year to which the make-up contributions are attributable. 

For this purpose, any Excess Amount applied under Section 7.11 in the Limitation Year to reduce Employer contributions will be
considered Annual Additions for such Limitation Year. 
 Amounts allocated after March 31, 1984, to an individual medical
account, as defined in Section 415(l)(2) of the Internal Revenue Code, which is part of a defined benefit pension plan maintained by the Employer, are treated as Annual Additions to a defined contribution plan. Also, amounts derived from
contributions paid or accrued after December 31, 1985, in taxable years ending after such date, which are attributable to post-retirement medical benefits allocated to the separate account of a Key Employee, as defined in
Section 419(A)(d)(3) of the Code, or under a welfare benefit fund, as defined in Code Section 419(e), maintained by the Employer, are treated as Annual Additions to a defined contribution plan. 

Restorative Payments. Annual Additions shall not include restorative payments. A restorative payment is a payment made to restore
losses to a Plan resulting from actions by a fiduciary for which there is reasonable risk of liability for breach of a fiduciary duty under ERISA or under other applicable federal or state law, where Participants who are similarly situated are
treated similarly with respect to the payments. Generally, payments are restorative payments only if the payments are made in order to restore some or all of the Plan’s losses due to an action (or a failure to act) that creates a reasonable
risk of liability for such a breach of fiduciary duty (other than a breach of fiduciary duty arising from failure to remit contributions to the Plan). This includes payments to a 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 a qualified defined contribution plan on account of the breach of fiduciary duty (other than a breach of fiduciary duty arising from failure to
remit contributions to the Plan). Payments made to the Plan to make up for losses due merely to market fluctuations and other payments that are not made on account of a reasonable risk of liability for breach of a fiduciary duty under ERISA are not
restorative payments and generally constitute contributions that are considered Annual Additions. 
 Other Amounts. Annual
Additions shall not include: (1) The direct transfer of a benefit or employee contributions from a qualified plan to this Plan; (2) Rollover contributions (as described in Code Section 401(a)(31), 402(c)(1), 403(a)(4), 403(b)(8),
408(d)(3), and 457(e)(16)); (3) Repayments of loans made to a Participant from the Plan; (4) Catch-up Contributions as defined in Plan Section 2.10; and (5) Repayments of amounts described
in Code Section 411(a)(7)(B) (in accordance with Code Section 411(a)(7)(C)) and Code Section 411(a)(3)(D), as well as Employer restorations of benefits that are required pursuant to such repayments, as provide for in Plan
Section 13.11. 

  
 42 

	7.13	Defined Contribution Dollar Limitation. $40,000 as adjusted under Code Section 415(d). 

 

	7.14	Employer. For purposes of this Article, Employer shall mean the Employer that adopts this Plan and all members of a controlled group of corporations (as defined
in Section 414(b) of the Code as modified by Section 415(h)), all trades or business under common control (as defined in Code Section 414(c) as modified by Section 415(h) of the Code), or all members of an affiliated service
group (as defined in Code Section 414(m) of the Code) of which the Employer is a part, and any other entity required to be aggregated with the Employer pursuant to regulations promulgated under Code Section 414(o).

  

	7.15	Excess Amount. The excess of the Participant’s Annual Additions for the Limitation Year over the Maximum Permissible Amount. 

 

	7.16	Maximum Permissible Amount. The maximum Annual Addition that may be contributed or allocated to a Participant’s Accounts under the Plan for any Limitation
Year shall not exceed the lesser of: 

  

	 	(i)	the Defined Contribution Dollar Limitation; or 

  

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

 The Compensation limitation referred to in (ii) shall not apply to any contribution for medical benefits (within the meaning of Section 401(h) or Section 419A(f)(2) of the Code) which is
otherwise treated as an Annual Addition under Section 415(c)(1) or 419A(d)(2) of the Code. 
 If a short Limitation Year is
created because of an amendment changing the Limitation Year to a different 12-consecutive month period, the maximum permissible amount will not exceed the Defined Contribution Dollar Limitation multiplied by
the following fraction: 
 Number of months in the short Limitation Year 

12 
 ARTICLE VIII

 PARTICIPANT ACCOUNTS AND VALUATION OF ASSETS 
  

	8.01	Participant Accounts. The Trustee shall establish and maintain a 401(k) Account, Match Contribution Account, Non-Elective
Employer Contribution Account, Regular Account, Rollover Account, Tax Deductible Contribution Account and Voluntary Contribution Account for each Participant, when appropriate, to account for the Participant’s Accrued Benefit. All contributions
by or on behalf of a Participant shall be deposited to the appropriate Account. 

  
 43 

 The Plan Administrator shall instruct the Trustee to credit all appropriate amounts to each
Participant’s Accounts. The Plan Administrator shall keep records, which shall include the Account balances of each Participant. 
  

	8.02	Valuation of Trust Fund. As of each Valuation Date the Trustee shall determine (or cause to be determined) the net worth of the assets of the Trust Fund and
report such value to the Plan Administrator in writing. In determining such net worth, the Trustee shall evaluate the assets of the Trust Fund at their fair market value as of such Valuation Date. In making any such valuation of the Trust Fund, the
Trustee shall not include any contributions made by the Employer, which have not been allocated to Participant Accounts prior to such Valuation Date. 

 ARTICLE IX 
 401(k) ALLOCATION LIMITATIONS 

 

	9.01	Definitions. For purposes of this Article, the following definitions shall be used: 

 

	 	(a)	“Actual Deferral Percentage” or “ADP” means the ratio (expressed as a percentage) of Salary Reduction Contributions, other than Catch-up Contributions, made on behalf of an Eligible Participant to that Participant’s Compensation for the Plan Year. Two Actual Deferral Percentages shall be calculated and used, one including and the second
excluding any Salary Reduction Contributions that are included in the Contribution Percentage of the Participant as defined in Plan Section 10.01(b). The Plan Administrator may include 100% vested and
non-forfeitable Match Contributions made for the Participant for the Plan Year in the above described numerator, if such inclusion is made on a uniform nondiscriminatory basis for all Participants; however,
Match Contributions that are included in the Actual Deferral Percentage of the Participant may not be included in the numerator of the Contribution Percentage of the Participant as defined in Section 10.01(b). To be considered as contributed
for a given Plan Year for purposes of inclusion in a given Actual Deferral Percentage, Contributions must be made by the end of the 12-month period immediately following the Plan Year to which the contribution
relates. 

 For Plan Years beginning on or after January 1, 2006, if one or more other plans allowing
contributions under Code Section 401(k) are considered with this Plan as one for purposes of Code Section 401(a)(4) or 410(b), the Actual Deferral Percentages for all Eligible Employees under all such plans shall be determined as if this
Plan and all such other plans were one; provided that for Plan Years beginning on and after January 1, 2006 the requirements of Treasury Regulation section 1.401(k)-1(b)(4)(iii)(B) are met. 

  
 44 

 If any Highly Compensated Employee is an Eligible Employee in one or more other plans
maintained by the same employer, which allow contributions under Code Section 401(k), the Actual Deferral Percentage for that Employee shall be determined as if this Plan and all such other plans were one; if such plans have different plan
years, all contributions that are made under all such plans during the plan year being tested shall be aggregated, without regard to the plan years of the other plans. However, for Plan Years beginning before January 1, 2006, if the plans have
different Plan Years, then all such cash or deferred arrangements ending with or within the same calendar year shall be treated as a single arrangement. For Plan Years beginning on or after January 1, 2006, notwithstanding the foregoing,
certain plans shall be separate if mandatorily disaggregated under the regulations of Code Section 401(k). 
  

	 	(b)	“Average Actual Deferral Percentage” means the average (expressed as a percentage) of the Actual Deferral Percentages of a group. 

 

	 	(c)	“Excess 401(k) Contributions” means with respect to any Plan Year, the excess of: (i) the aggregate amount of Employer contributions actually taken into
account in computing the Actual Deferral Percentages of Highly Compensated Employees for such Plan Year, over (ii) the maximum amount of such contributions permitted by the Actual Deferral Percentage Test (determined by hypothetically reducing
the numerators of Highly Compensated Employees in order of their Actual Deferral Percentages beginning with the highest of such percentages). 

  

	 	(d)	“Excess Elective Deferrals” means those Salary Reduction Contributions of a Participant that either (1) are made during the Participant’s taxable
year and exceed the dollar limitation under Code Section 402(g) (including, if applicable, the dollar limitation on Catch-up Contributions defined in Code Section 414(v)) for such year; or
(2) are made during a calendar year and exceed the dollar limitation under Code Section 402(g) (including, if applicable, the dollar limitation on Catch-up Contributions defined in Code
Section 414(v)) for the Participant’s taxable year beginning in such calendar year, counting only Salary Reduction Contributions made under this Plan and any other 401(k) qualified retirement plan, contract or arrangement maintained by the
Employer. 

  

	9.02	Average Actual Deferral Percentage Tests. 

  

	 	(a)	For Plan Years beginning on or after January 1, 2009, the Plan will be treated as meeting the actual deferral percentage test set forth in Code
Section 401(k)(3)(A)(ii) in each Plan Year with respect to which the Qualified Automatic Contribution Arrangement provisions of this Plan remain in effect. 

  
 45 

	 	(b)	For Plan Years beginning before January 1, 2009, the Average Actual Deferral Percentage for Highly Compensated Employees for each Plan Year compared to the Average
Actual Deferral Percentage for Non-Highly Compensated Employees for the Plan Year must satisfy one of the following tests: 

 

	 	(i)	The Average Actual Deferral Percentage for Eligible Employees who are Highly Compensated Employees for the Plan Year shall not exceed the Average Actual Deferral
Percentage for Non-Highly Compensated Employees for the Plan Year multiplied by 1.25; or 

  

	 	(ii)	The Average Actual Deferral Percentage for Eligible Employees who are Highly Compensated Employees for the Plan Year shall not exceed the Average Actual Deferral
Percentage for Non-Highly Compensated Employees for the Plan Year multiplied by 2, provided that the Average Actual Deferral Percentage for Eligible Employees who are Highly Compensated Employees does not
exceed the Average Actual Deferral Percentage for Non-Highly Compensated Employees for the Plan Year by more than two (2) percentage points. 

A Participant is a Highly Compensated Employee for a particular Plan Year if he or she meets the definition of a Highly Compensated
Employee in effect for that Plan Year. Similarly, a Participant is a Non-Highly Compensated Employee for a particular Plan Year if he or she does not meet the definition of a Highly Compensated Employee in
effect for that Plan Year. 
 For Plan Years beginning on or after January 1, 1999, all eligible Non-Highly Compensated Employees who have not met the age and service requirements of Code Section 410(a)(1)(A), may be disregarded in performing the Average Actual Deferral Percentage Tests as provided in Code
Section 401(k)(3)(F) and the Regulations thereunder. 
  

	9.03	Refund of Excess 401(k) Contributions. For Plan Years beginning before January 1, 2009, notwithstanding any other provision of this Plan except
Section 9.05, Excess 401(k) Contributions, as adjusted for gain or loss, including for the Plan Year ended December 31, 2007, an adjustment for income for the period between the end of the Plan Year and the date of the distribution (the
“gap period”), shall be distributed no later than the last day of each Plan Year to Participants to whose Accounts such Excess 401(k) Contributions were allocated for the preceding Plan Year. The Plan Administrator has the discretion to
determine and allocate income using any of the methods set forth below: 

  

	 	(a)	Reasonable method of allocating income. The Plan Administrator may use any reasonable method for computing the income allocable to Excess 401(k) Contributions,
provided that the method does not violate Code section 401(a)(4), is used consistently for all Participants and for all corrective distributions under the Plan for the Plan Year, and is used by the Plan for allocating income to Participant’s
Accounts. A Plan will not fail to use a reasonable method for computing the income allocable to Excess 401(k) Contributions merely because the income allocable to Excess 401(k) Contributions is determined on a date that is no more than seven
(7) days before the distribution. 

  
 46 

	 	(b)	Alternative method of allocating income. The Plan Administrator may allocate income to Excess 401(k) Contributions for the Plan Year by multiplying the income
for the Plan Year allocable to the Salary Reduction Contributions and other amounts taken into account for the purposes of the Average Actual Deferral Percentage Tests (set forth in Section 9.02) including contributions made for the Plan Year,
by a fraction, the numerator of which is the Excess 401(k) Contributions for the Participant for the Plan Year, and the denominator of which is the sum of the: 

 

	 	(i)	Account balance attributable to Salary Reduction Contributions and other amounts taken into account for the purposes of the Average Actual Deferral Percentage Tests
(set forth in Section 9.02) as of the beginning of the Plan Year, and 

  

	 	(ii)	Any additional amount of such contributions made for the Plan Year. 

  

	 	(c)	Safe harbor method of allocating gap period income. The Plan Administrator may use the safe harbor method in this paragraph to determine income on excess
contributions for the gap period. Under this safe harbor method, income on Excess 401(k) Contributions for the gap period is equal to ten percent (10%) of the income allocable to Excess 401(k) Contributions for the Plan Year that would be
determined under paragraph (b) above, multiplied by the number of calendar months that have elapsed since the end of the Plan Year. For purposes of calculating the number of calendar months that have elapsed under the safe harbor method, a
corrective distribution that is made on or before the fifteenth (15th) day of a month is treated as made on the last day of the preceding month and a distribution made after the fifteenth day of a month is treated as made on the last day of the
month. 

  

	 	(d)	Alternative method for allocating Plan Year and gap period income. The Plan Administrator may determine the income for the aggregate of the Plan Year and the gap
period, by applying the alternative method provided by paragraph (b) above to this aggregate period. This is accomplished by (1) substituting the income for the Plan Year and the gap period, for the income for the Plan Year, and
(2) substituting the amounts taken into account for the purposes of the Average Actual Deferral Percentage Tests (set forth in Section 9.02) for the Plan Year and the gap period, for the amounts taken into account for the purposes of the
Average Actual Deferral Percentage Tests (set forth in Section 9.02) for the Plan Year in determining the fraction that is multiplied by that income. 

 Excess 401(k) Contributions are allocated to the Highly Compensated Employees with the largest dollar amounts of Employer contributions taken into account in calculating the Actual Deferral Percentage
test for the year in which the excess arose, beginning 

  
 47 

 
with the Highly Compensated Employee with the largest dollar amount of such Employer contributions and continuing in descending order until all the Excess 401(k) Contributions have been
allocated. For purposes of the preceding sentence, the “largest amount” is determined after distribution of any Excess 401(k) Contributions. 
 The Plan Administrator shall make every effort to make all required distributions and forfeitures within
2 1/2 months of the end of the affected Plan Year; however, in no event shall such distributions be made later than the end of the following Plan Year. Distributions and forfeitures made later than 2 1/2 months after the end of the affected Plan Year will be subject to tax under Code Section 4979. 
 All forfeitures arising under this Section shall be applied as specified in Section 4.06 of the Plan and treated as arising in the Plan Year after that in which the Excess 401(k) Contributions were
made; however, no forfeitures arising under this Section shall be allocated to the Account of any affected Highly Compensated Employee. 
 Excess 401(k) Contributions shall be treated as Annual Additions under the Plan. 

For a period of four 12-month periods beginning from the given Plan Year, or such other period as
the Secretary of the Treasury may designate, the Employer shall maintain records showing what contributions and Compensation were used to satisfy this Section and Section 9.02. 

 

	9.04	Accounting for Excess 401(k) Contributions. For Plan Years beginning before January 1, 2009, Excess 401(k) Contributions allocated to a Participant shall be
distributed from the Participant’s 401(k) Account and Match Contribution Account (if applicable) in proportion to the Participant’s Salary Reduction Contributions and Employer Match Contributions (to the extent used in the Actual Deferral
Percentage Test) for the Plan Year. 

  

	9.05	Special Contributions. This section shall be effective for Plan Years beginning on and after January 1, 2006 and before January 1, 2009.

  

	 	(a)	Correction by Employer Contribution. Notwithstanding any other provisions of this Plan except Section 9.09, in lieu of distributing Excess 401(k)
Contributions as provided in Section 9.03, the Employer may make 401(k) Employer Contributions on behalf of Non-Highly Compensated Employees that are sufficient to satisfy either of the Average Actual
Deferral Percentage Tests. If a failed Average Actual Deferral Percentage Test is to be corrected by making such contributions, then any such corrective contribution made on behalf of any Non-Highly
Compensated Employees shall not exceed the targeted contribution limits set forth below, or in the case of a corrective contribution that is a Qualified Matching Contribution, the targeted contribution limit of Section 10.05.

  
 48 

	 	(b)	Targeted Contribution Limit. Qualified Nonelective Contributions (as defined in Treasury Regulation section 1.401(k)-6)
cannot be taken into account in determining the “actual deferral ratio” (ADR) for a Plan Year for a Non- Highly Compensated Employee (NHCE) to the extent such contributions exceed the product of that
NHCE’s Code Section 414(s) compensation and the greater of five percent (5%) or two (2) times the Plan’s “representative contribution rate.” Any Qualified Nonelective Contribution taken into account under an
Average Contribution Percentage Test under Treasury Regulation Section 1.40l(m)-2(a)(6) (including the determination of the representative contribution rate for purposes of Treasury Regulation section 1.401(m)-2(a)(6)(v)(B)), is not permitted
to be taken into account for purposes of this Section (including the determination of the “representative contribution rate” under this Section). For purposes of this Section: 

 

	 	(i)	The Plan’s “representative contribution rate” is the lowest “applicable contribution rate” of any eligible NHCE among a group of eligible NHCEs
that consists of half of all eligible NHCEs for the Plan Year (or, if greater, the lowest “applicable contribution rate” of any eligible NHCE who is in the group of all eligible NHCEs for the Plan Year and who is employed by the Employer
on the last day of the Plan Year), and 

  

	 	(ii)	The “applicable contribution rate” for an eligible NHCE is the sum of the Qualified Matching Contributions (as defined in Treasury Regulation section 1.401(k)-6) taken into account in determining the ADR for the eligible NHCE for the Plan Year and the Qualified Nonelective Contributions made for the eligible NHCE for the Plan Year, divided by the eligible
NHCE’s Code Section 414(s) compensation for the same period. 

 Qualified Matching Contributions may only
be used to calculate an ADR to the extent that such Qualified Matching Contributions are matching contributions that are not precluded from being taken into account under the Average Contribution Percentage Test for the Plan Year under the rules of
Treasury Regulation section 1.401(m)-2(a)(5)(ii) and as set forth in Section 10.02 of this Plan. 
  

	 	(c)	Limitation on QNEC’s and QMAC’s. Qualified Nonelective Contributions (as defined in Treasury Regulation section
1.401(k)-6) and Qualified Matching Contributions (as defined in Treasury Regulation section 1.401(k)-6) cannot be taken into account to determine an Actual Deferral
Percentage to the extent such contributions are taken into account for purposes of satisfying any other Average Actual Deferral Percentage Test, any Average Contribution Percentage Test, or the requirements of Treasury Regulation section 1.401(k)-3, 1.401(m)-3, or 1.401(k)-4. 

  

	9.06	Maximum Salary Reduction Contributions. No Employee shall be permitted to have Salary Reduction Contributions made under this Plan, other than Catch-up Contributions, during any calendar year in excess of $7,000 (or such other amount as is designated by the Secretary of the Treasury as the limit under Code Section 402(g). 

  
 49 

	9.07	Participant Claims. Participants under other plans described in Code Sections 401(k), 408(k) or 403(b) may submit a claim to the Plan Administrator specifying
the amount of their Excess Elective Deferral. Such claim shall: (i) be in writing; (ii) be submitted no later than March 1 of the year after the Excess Elective Deferral was made; and (iii) state that such amount, when added to
amounts deferred under other plans described in Code Sections 401(k), 408(k) or 403(b), exceeds $7,000 (or such other amount as the Secretary of the Treasury may designate). 

 

	9.08	Distribution of Excess Elective Deferrals. This section shall be effective for Plan Years beginning on and after January 1, 2006. Notwithstanding any other
provision of this Plan, Excess Elective Deferrals adjusted for allocable income (gain or loss), including an adjustment for income for the period between the end of the Plan Year and the date of the distribution (the “gap period”) shall be
distributed to the affected Participant no later than the April 15 following the calendar year in which such Excess Elective Deferrals were made. Notwithstanding the forgoing, for Plan Years beginning after December 31, 2007, the
requirement that Excess Elective Deferrals be adjusted for allocable income (gain or loss) during gap period income pursuant to Code Section 402(g)(2)(A)(ii) shall no longer apply. 

For the purpose of this section, “income” shall be determined and allocated in accordance with the provisions of
Section 9.03 of this Plan, except that such section shall be applied (i) by substituting the term “Excess Elective Deferrals” for “Excess 401(k) Contributions” therein, (ii) by ignoring references to “and
other amounts taken into account for the purposes of the Average Actual Deferral Percentage Tests (set forth in Section 9.02)”, (iii) by substituting “Excess Elective Deferrals for the taxable year” for “the amounts
taken into account under the Average Actual Deferral Percentage Tests for the Plan Year” and (iv) by ignoring the reference to the “Alternative method for allocating Plan Year and gap period income”. 

No distribution of an Excess Elective Deferral shall be made unless the correcting distribution is made after the date on which the Plan
received the Excess Elective Deferral and both the Participant and the Plan designates the distribution as a distribution of an Excess Elective Deferral. 
 Notwithstanding any provision of this Plan to the contrary, any Match Contributions plus earnings that are attributable to any Excess Elective Deferrals that have been refunded shall be forfeited. All
such forfeitures shall be treated as arising in the Plan Year after that in which the refunded Excess Deferrals were made and shall be used to reduce future Employer Match Contributions. 

 

	9.09	Operation in Accordance With Regulations. The determination and treatment of Actual Deferral Percentages and Excess 401(k) Contributions, and the operation of
the Average Actual Deferral Percentage Test shall be in accordance with such additional requirements as may be prescribed by the Secretary of the Treasury. 

  
 50 

 ARTICLE X 
 401(m) ALLOCATION LIMITATIONS 
 For Plan Years beginning on or after
January 1, 2009, the Plan will be treated as meeting the actual contribution percentage test set forth in Code Section 401(m)(2) in each Plan Year with respect to which the Qualified Automatic Contribution Arrangement provisions of this
Plan remain in effect. The following provisions of this Article shall apply with respect to Plan Years prior to January 1, 2009 unless otherwise noted. 
  

	10.01 	Definitions. For purposes of this Article, the following Definitions shall be used: 

 

	 	(a)	“Average Contribution Percentage” means the average (expressed as a percentage) of the Contribution Percentages of a group. 

 

	 	(b)	“Contribution Percentage” means the ratio (expressed as a percentage) of: the Employer Match and Voluntary After Tax Contributions made on behalf of the
Participant to the Participant’s Compensation for the Plan Year. For Plan Years beginning on and after January 1, 2006, Salary Reduction Contributions (other than Catch-up Contributions) made on
behalf of Participants who are Non-Highly Compensated Employees which could be used to satisfy the Code Section 401(k)(3) limits (set forth in Section 9.02(b) hereof) but are not necessary to be
taken into account in order to satisfy such limits, may instead be included in the above described numerator, to the extent permitted by Treasury Regulation Section 1.401(m)-2(a)(6). To be considered as contributed for a given Plan Year for
purposes of inclusion in a given Average Contribution Percentage, Contributions must be made by the end of the 12-month period immediately following the Plan Year to which the contribution relates. The Plan
Administrator may not include Employer Match Contributions in the numerator to the extent such contributions are included in the Actual Deferral Percentage of the Participant, as defined in Section 9.01(a), and may not include Salary Reduction
Contributions unless Section 9.02 can be satisfied by both including and excluding such Salary Reduction Contributions. 

 For Plan Years beginning on or after January 1, 2006, if one or more other Plans allowing contributions under Code Section 401(k), voluntary after tax contributions or employer match
contributions are considered with this Plan as one for purposes of Code Section 401(a)(4) or 410(b), the Contribution Percentages for all Eligible Employees under all such plans shall be determined as if this Plan and all such others were one;
provided that for Plan Years beginning on and after January 1, 2006 the requirements of Treasury Regulation section 1.401(m)-1(b)(4)(iii)(B) are met. 

  
 51 

 If any Highly Compensated Employee is an eligible to participate in one or more other plans
maintained by the same employer, which allow contributions under Code Section 401(k), voluntary after tax contributions or employer match contributions, the Contribution Percentage for that Employee shall be determined as if this Plan and all
such other plans were one; if such plans have different plan years, all contributions that are made under all such plans during the plan year being tested shall be aggregated, without regard to the plan years of the other plans. However, for Plan
Years beginning before January 1, 2006, if the plans have different plan years, then all such plans having plan years ending with or within the same calendar year shall be treated as a single arrangement. Notwithstanding the foregoing, certain
plans shall be separate if mandatorily disaggregated under the regulations of Code Section 401(m). 
 For Plan Years
beginning January 1, 1999 and thereafter, all eligible Non- Highly Compensated Employees who have not met the age and service requirements of section 410(a)(1)(A), may be disregarded in performing the
Average Contribution Percentage Tests as provided in Code Section 401(m)(5)(C). 
 Notwithstanding the foregoing, in
determining a Participant’s Contribution Percentage Employer Match Contributions shall not include Match Contributions forfeited because they were attributable to Excess 401(k) Contributions or to Excess Elective Deferrals. 

 

	 	(c)	“Excess 401(m) 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 Contribution Percentage actually made on behalf of Highly Compensated Employees for such Plan Year; over (2) the maximum Contribution Percentage amounts permitted by the Average Contribution Percentage test
(determined by hypothetically reducing the numerators of Highly Compensated Employees in order of their Contribution Percentages beginning with the highest of such Percentages). 

 

	10.02 	Average Contribution Percentage Tests. The Average Contribution Percentage for Highly Compensated Employees for each Plan Year compared to the Average
Contribution Percentage for Non-Highly Compensated Employees for the Plan Year must satisfy one of the following tests: 

 

	 	(i)	The Average Contribution Percentage for Eligible Employees who are Highly Compensated Employees for the Plan Year shall not exceed the Average Contribution Percentage
for Non-Highly Compensated Employees for the Plan Year multiplied by 1.25; or 

  

	 	(ii)	 The Average Contribution Percentage for Eligible Employees who are Highly Compensated Employees for the Plan Year shall not exceed the Average
Contribution Percentage for Non-Highly Compensated Employees for the Plan Year multiplied 

  
 52 

	 	
by 2, provided that the Average Contribution Percentage for Eligible Employees who are Highly Compensated Employees does not exceed the Average Contribution Percentage for Non-Highly Compensated Employees for the Plan Year by more than two (2) percentage points. 

  

	10.03 	Refund and Forfeiture of Excess 401(m) Contributions. For Plan Years beginning on or after January 1, 2006, notwithstanding any other provision of this Plan
except Sections 10.05 and 10.06, Excess 401(m) Contributions adjusted for allocable income (gain or loss), including an adjustment for income for the period between the end of the Plan Year and the date of the distribution (the “gap
period”) shall be distributed to affected Highly Compensated Employees. Notwithstanding the forgoing, for Plan Years beginning after December 31, 2007, the requirement that Excess 401(m) Contributions be adjusted for gap period income
shall no longer apply. 

 For the purpose of this section, “income” shall be determined and allocated in
accordance with the provisions of Section 9.03 of this Plan, except that such section shall be applied (i) by substituting the term “Excess 401(m) Contributions” for “Excess 401(k) Contributions” therein, and
(ii) by substituting amounts taken into account for the purposes of the Average Contribution Percentage Tests for amounts taken into account for the purposes of the Average Actual Deferral Percentage Tests. 

The Plan Administrator shall make every effort to refund all Excess 401(m) Contributions within 2 1/2 months of the end of the affected Plan Year; however, in no event shall Excess 401(m) Contributions be refunded later than the end of the following Plan Year. Distributions made later than
2 1/2 months after the end of the affected Plan Year will be subject to tax under Code Section 4979. 
 Notwithstanding any provision of this Plan to the contrary, any Match Contributions plus earnings that are attributable to any Excess 401(m) Contributions that have been refunded shall be forfeited. All
such forfeitures shall be treated as arising in the Plan Year after that in which the refunded Excess 401(m) Contributions were made and shall be used to reduce future Employer Match Contributions. 

For a period of four 12-month periods beginning from the given Plan Year, or such other period as
the Secretary of the Treasury may designate, the Employer shall maintain records showing what contributions and compensation were used to satisfy this Section and Section 10.02. 

 

	10.04 	Accounting for Excess 401(m) Contributions. Excess 401(m) Contributions allocated to a Participant shall be forfeited, if forfeitable or distributed on a pro-rata basis from the Participant’s Voluntary After Tax Contribution Account, 401(k) Account and Match Contribution Account. 

 

	10.05 	Special 401(k) Employer Contributions. For Plan Years beginning on and after January 1, 2006: 

 

	 	(a)	 Correction by Employer Contribution. Notwithstanding any other provisions of this Plan except Section 10.07, in lieu of refunding Excess
401(m) Contributions as provided in Section 10.03, the Employer may make 401(k) Employer Contributions on behalf of Non-Highly Compensated Employees

  
 53 

	 	
that are sufficient to satisfy the Average Contribution Percentage test. If a failed Average Contribution Percentage Test is to be corrected by making such contributions, then any such corrective
contribution made on behalf of any Non-Highly Compensated Employees shall not exceed the targeted contribution limits set forth below. 

 

	 	(b)	Targeted Matching Contribution Limit. A Match Contribution with respect to a Salary Reduction Contribution for a Plan Year is not taken into account under the
Actual Contribution Percentage Test for a NHCE to the extent it exceeds the greatest of: 

  

	 	(i)	five percent (5%) of the NHCE’s Code Section 414(s) compensation for the Plan Year; 

 

	 	(ii)	the NHCE’s Salary Reduction Contributions for the Plan Year; and 

  

	 	(iii)	the product of two (2) times the Plan’s “representative matching rate” and the NHCE’s Salary Reduction Contributions for the Plan Year.

 For purposes of this Section, the Plan’s “representative matching rate” is the lowest
“matching rate” for any eligible NHCE among a group of NHCEs that consists of half of all eligible NHCEs in the Plan for the Plan Year who make Salary Reduction Contributions for the Plan Year (or, if greater, the lowest “matching
rate” for all eligible NHCEs in the Plan who are employed by the Employer on the last day of the Plan Year and who make Salary Reduction Contributions for the Plan Year). 
 For purposes of this Section, the “matching rate” for an Employee generally is the matching contributions made for such Employee divided by the Employee’s Salary Reduction Contributions for
the Plan Year. If the matching rate is not the same for all levels of Salary Reduction Contributions for an Employee, then the Employee’s “matching rate” is determined assuming that an Employee’s Salary Reduction Contributions
are equal to six percent (6%) of Code Section 414(s) compensation. 
  

	 	(c)	Targeted QNEC limit. Qualified Nonelective Contributions (as defined in Treasury Regulation section 1.40l(k)-6) cannot be
taken into account under the Actual Contribution Percentage Test for a Plan Year for a NHCE to the extent such contributions exceed the product of that NHCE’s Code Section 414(s) compensation and the greater of five percent (5%) or
two (2) times the Plan’s “representative contribution rate.” Any Qualified Nonelective Contribution taken into account under an Actual Deferral Percentage Test under Treasury Regulation section 1.401(k)-2(a)(6) (including the
determination of the “representative contribution rate” for purposes of Treasury Regulation section 1.401(k)-2(a)(6)(iv)(B)) is not permitted to be taken into account for purposes of this Section (including the determination of the
“representative contribution rate” for purposes of subsection (i) below). For purposes of this Section: 

  

	 	(i)	The Plan’s “representative contribution rate” is the lowest “applicable contribution rate” of any eligible NHCE among a group of eligible NHCEs
that consists of half of all eligible NHCEs for the Plan Year (or, if greater, the lowest “applicable contribution rate” of any eligible NHCE who is in the group of all eligible NHCEs for the Plan Year and who is employed by the Employer
on the last day of the Plan Year), and 

  
 54 

	 	(ii)	The “applicable contribution rate” for an eligible NHCE is the sum of the matching contributions (as defined in Treasury Regulation section 1.401 (m)-l(a)(2)) taken into account in determining the “actual contribution ratio” for the eligible NHCE for the Plan Year and the Qualified Nonelective Contributions made for that NHCE for the Plan Year,
divided by that NHCE’s Code section 414(s) compensation for the Plan Year. 

  

	10.06 	Order of Determinations. The determination of Excess 401(m) Contributions shall be made after first determining Excess Elective Deferrals, and then determining
Excess 401(k) Contributions. 

  

	10.07 	Operation in Accordance With Regulations. The determination and treatment of Contribution Percentages and Excess 401(m) Contributions, and the operation of the
Average Contribution Percentage Test shall be in accordance with such additional requirements as may be prescribed by the Secretary of the Treasury. 

 ARTICLE XI 
 IN-SERVICE WITHDRAWALS

  

	11.01 	Withdrawals from Tax Deductible Contribution or Voluntary Contribution Accounts. A Participant shall have the right at any time to request the Plan Administrator
for a withdrawal in cash of amounts in his or her Tax Deductible Contribution Account or Voluntary Contribution Account. 

  

	11.02 	 Withdrawals from Match Contribution, 401(k) and Non-Elective Employer Contribution Accounts. At any time
after a Participant attains Age
59 1/2 or is Totally and Permanently Disabled, a Participant shall have the right to request the Plan Administrator for a withdrawal in cash of amounts from the vested portion of his or her Match Contribution
or 401(k) Account. During the period beginning January 1, 2004 and ending April 27, 2010 and on and after the date of the compliance letter issued by the Internal Revenue Service in response to the voluntary correction compliance
submission (filed by the Plan Sponsor October 29, 2010) that approves the amendment adding this sentence to the Plan, a Participant who has attained age 591/2 or is Totally and Permanently Disabled may also withdraw any part or all of the vested portion of his or her Non-Elective Employer Contribution Account. For Plan Years 

  
 55 

	 	
beginning after 1988, a Participant shall have the right at any time to request the Plan Administrator for a withdrawal in cash of Salary Reduction Contributions, with earnings accrued thereon as
of December 31, 1988 for “financial hardship”. For Plan Years beginning after 1991, financial hardship distributions may be increased by 401(k) Employer Contributions plus earnings thereon, as of December 31, 1988.

 During the period beginning on November 10, 2008 and ending May 26, 2010, a Participant shall have the
right to request the Plan Administrator for a “financial hardship” withdrawal in cash which may be funded as provided for above and with amounts from the vested portion of the Participant’s Match Contribution and Non-Elective Employer Contribution Accounts; provided that in the case of the Participant’s Match Contribution Account, any such withdrawal shall be limited to amounts from the portion of the Participant’s
Match Contribution Account which is attributable to Match Contributions credited to the Participant’s Match Contribution Account for the Plan Years ending December 31, 2005, 2006, 2007, and 2008 as adjusted for earnings and losses.

 The Plan Administrator shall determine whether an event constitutes a financial hardship. Such determination shall be based
upon non-discriminatory rules and procedures, which shall be conclusive and binding upon all persons. 
 The processing of applications and any distributions of amounts under this Section shall be made as soon as administratively feasible. The amount of a distribution based upon “financial
hardship,” less any income and penalty taxes, cannot exceed the amount required to meet the immediate financial need created by the hardship and not reasonably available from other resources of the Participant. 

In determining whether a hardship distribution is permissible the following special rules shall apply: 

 

	 	(i)	The following are the only financial needs considered immediate and heavy: deductible medical expenses (whether incurred or necessary to obtain medical care)(within the
meaning of Section 213(d) of the Code) of the Employee, the Employee’s spouse, children, or dependents (within the meaning of Code Section 152); the purchase (excluding mortgage payments) of a principal residence for the Employee;
payment of tuition, related educational fees, and room and board expenses for the next twelve months of post-secondary education for the Employee, the Employee’s spouse, children or dependents; or the need to prevent the eviction of the
Employee from, or a foreclosure on the mortgage of, the Employee’s principal residence. 

  

	 	(ii)	A distribution will be considered as necessary to satisfy an immediate and heavy financial need of the Employee only if: 

 

	 	A.	The Employee has obtained all distributions, other than hardship distributions, and all nontaxable loans under all plans maintained by the Employer;

  
 56 

	 	B.	All plans maintained by the Employer provide that the Employee’s Salary Reduction Contributions (and any other Employee contributions) will be suspended for six
months (twelve months for hardship distributions made prior to January 1, 2002) after the receipt of the hardship distribution; provided that in the case of an Eligible Participant, Automatic Contributions shall resume at the end of such
suspension period subject to the provisions of Section 5.05 of the Plan; 

  

	 	C.	The distribution, less any income and penalty taxes, is not in excess of the amount of an immediate and heavy financial need; and 

 

	 	D.	In addition for hardship distributions made before 2002, all plans maintained by the Employer provide that the Employee may not make Salary Reduction Contributions for
the Employee’s taxable year immediately following the taxable year of the hardship distribution in excess of the applicable limit under Section 402(g)(1) of the Code for such taxable year less the amount of such Salary Reduction
Contributions for the taxable year of the hardship distribution. 

  

	11.03 	 Withdrawals from Regular or Rollover Accounts. Once a Participant has participated in the Plan for two years, at any time thereafter the
Participant shall have the right at any time to request the Plan Administrator for a withdrawal in cash of amounts allocated to his or her Rollover Account. For Plan Years beginning January 1, 1999, and thereafter, the Participant may request a
withdrawal of cash amounts allocated to his or her Rollover Account immediately upon the Trustee’s receipt of such Rollover Contribution. Once a Participant’s Regular Account is 100% vested the Participant shall have the right at any time
to request the Plan Administrator for a withdrawal in cash of amounts allocated to such Account; provided, however, that unless the Participant is over Age 59 1/2 or is Permanently and Totally Disabled, the amount subject to withdrawal shall not include amounts attributable to contributions made to the Regular Account during the
two-year period preceding the date of payment. 

  

	11.04 	Rules for In-Service Withdrawals. The Plan Administrator may impose a dollar minimum for partial withdrawals. If the
amount in the Participant’s appropriate Account is less than the minimum, the Plan Administrator shall pay the Participant the entire amount then in the Participant’s Account from which the withdrawal is to be made if a withdrawal of the
entire amount is otherwise permissible under the rules set forth in this Article. If the entire amount cannot be paid under such rules, whatever amount is permissible shall be paid. 

  
 57 

 In the case of a withdrawal from a Rollover Account described in Section 13.03, if
necessary to comply with the joint and survivor rules of Code Sections 401(a)(11) and 417, the Plan Administrator shall require the consent of any Participant’s spouse before making any in-service
withdrawal. Any such consent shall satisfy the requirements of Section 13.08. 
 Any amount to be withdrawn shall be payable
as of the Valuation Date coincident with or next following the date which is 15 days following receipt of the written request by the Plan Administrator. 
 ARTICLE XII 
 PLAN LOANS 

 

	12.01 	General Rules. Upon the application of any Participant, Beneficiary or, for Plan Years beginning prior to January 1, 1999, an alternate payee entitled to
Plan benefits pursuant to a Qualified Domestic Relations Order, the Plan Administrator may enter into a loan agreement with such person and authorize the Trustee to make a loan pursuant thereto. The amount of any such loan and the provisions for its
repayment shall be in accordance with such non-discriminatory rules and procedures as are adopted by the Plan Administrator and uniformly applied to all borrowers. Such written procedures shall be part of this
Plan document. 

 Applications for loans will be made to the Plan Administrator using forms provided by the Plan
Administrator. Loan applications meeting the requirements of this Article will be granted and all borrowers must execute a promissory note meeting the requirements of this Article. 

Plan loans shall be granted on a uniform nondiscriminatory basis, so that they are available to all borrowers on a reasonably equivalent
basis and are not made available to highly compensated Employees or officers of the Employer in an amount greater than the amount made available to other Employees. Loans will be made available to Former Participants to the extent required by
regulations issued by the Department of Labor under Section 408(b) of ERISA and to other Former Participants as is needed to satisfy Code Section 401(a)(4) and the Regulations promulgated thereunder. Such loans shall be adequately secured,
shall bear a reasonable rate of interest and shall provide for periodic repayment over a reasonable period of time, all in accordance with the Plan Administrator’s rules and procedures for Plan loans. 

To the extent required under Code Sections 401(a)(11) and 417 and the Regulations promulgated thereunder, a Participant must obtain the
consent of his or her spouse, if any, within the 90-day period (180-day period for Plan Years beginning January 1, 2007 and thereafter) before the time the
Participant’s Accrued Benefit is used as security for a Plan loan. A new consent is required if the Accrued Benefit is used for any increase in the amount of security. The consent shall comply with the requirements of Section 417 of the
Internal Revenue Code, but shall be deemed to meet any requirements contained in such section relating to the consent of any subsequent spouse. 

  
 58 

 Tax Deductible Voluntary Contributions, plus earnings thereon, may not be used as security
for Plan loans. 
 The Plan Administrator may not require a minimum loan amount greater than $1,000. 

No loan shall be made to the extent such loan when added to the outstanding balance of all other loans to the
borrower would exceed one-half ( 1/2) of the present value of the nonforfeitable Accrued Benefit of the borrower under the Plan (but not more than $50,000
reduced by the difference between the highest outstanding balance during the previous 365 days and the current outstanding balance). 
 For purposes of calculating the above limitations, all loans and accrued benefits from all plans of the Employer and other members of a group of employers described in Code Sections 414(b), (c) and
(m) are aggregated. 
 The Plan Administrator shall determine a reasonable rate of interest for each loan by identifying the
rate(s) charged for similar and equivalent commercial loans by institutions in the business of making loans. No loan shall be granted to any borrower or other person who already has a total of two loans or more outstanding under this Plan or any
other plan maintained by the Employer (or five loans outstanding for Plan Years beginning before January 1, 1996) or who is in default on any loan. 
 The Plan Administrator may direct the Trustee to deduct from a Participant’s Accounts under the Plan a reasonable fee (as determined by the Committee) to offset the cost of processing and
administering the loan. 
  

	12.02 	Loan Repayments. The borrower shall repay any loan in accordance with the loan agreement. Loans shall provide for periodic repayment, with payment to be no less
frequent than quarterly over a period not to exceed five (5) years; provided, however, that loans used to acquire any dwelling unit which, within a reasonable time, is to be used (determined at the time the loan is made) as a
principal residence of a Participant, may provide for periodic repayment, with payment to be no less frequent than quarterly over a reasonable period of time that exceeds five (5) years. 

In the event the loan is not repaid within the time period prescribed, the Plan Administrator shall direct the Trustee to deduct the total
amount due and payable, plus interest thereon, from distributable amounts in the borrower’s Accounts. If distributable amounts in the borrower’s Accounts are not sufficient to repay such amount, the Plan Administrator shall enforce the
terms of any agreement providing additional security for the loan and shall pursue such other remedies available at law to collect the indebtedness. 
 In the event of a loan default, attachment of the borrower’s Accrued Benefit will not occur until a distributable event occurs in the Plan. Default shall occur upon the earlier of any uncured failure
to make payments in accordance with the promissory note or the death of the borrower. 

  
 59 

 Loan repayments will be suspended under this Plan as permitted under 414(u)(4) of the
Internal Revenue Code. 
 ARTICLE XIII 
 RETIREMENT, TERMINATION AND DEATH BENEFITS 
  

	13.01 	Retirement or Termination from Service. The Accrued Benefit of each Employee who was hired prior to December 2, 1986 and who became a Participant in the
Plan on or prior to January 1, 1989, shall be 100% vested and nonforfeitable at all times. The Regular Account of Employees who are hired on or after December 2, 1986 and who become Participants after December 31, 1988 shall vest
according to the following schedule: 

  

					
	 Completed Years of Service
	  	Vested
Percentage	 
	 Less Than 2
	  	 	0	  
	 2
	  	 	25	  
	 3
	  	 	50	  
	 4
	  	 	75	  
	 5
	  	 	100	  

 The Match Contribution and Non-Elective Employer Contribution
Accounts of each Employee who was hired after December 1, 1986 shall be 50% vested and nonforfeitable after the completion of one Year of Service and 100% vested and nonforfeitable after the completion of two Years of Service. Provided,
however, that the Match Contribution and Non-Elective Employer Contribution Accounts of such Employees shall be 100% vested and nonforfeitable at all times for such Employees who completed at least one
Hour of Service on or before December 31, 2004. 
 Any amendment to the above schedule shall comply with the requirements of
Section 19.03 of the Plan. 
 Notwithstanding the foregoing, each actively employed Participant’s Accrued Benefit shall
become 100% vested and nonforfeitable when the Participant attains his or her Normal Retirement Age, dies, or becomes Totally and Permanently Disabled. 
 The Salary Reduction Contributions, Employer Match Contributions contributed to the Plan for Plan Years commencing prior to January 1, 2005, 401(k) Employer Contributions, Tax Deductible
Contributions and Voluntary After-Tax Contributions of all Participants, plus earnings thereon, shall be 100% vested and nonforfeitable at all times. 

  
 60 

 Upon a Participant’s attainment of his or her Normal Retirement Age or termination of
employment, the Participant shall be entitled to a benefit that can be provided by the value of his or her vested Accrued Benefit in accordance with the further provisions of this Article. 

The Plan Administrator shall notify the Trustee when the Normal Retirement Age or termination of employment of each Participant shall
occur and shall also advise the Trustee as to the manner in which retirement or termination benefits are to be distributed to a Participant, subject to the provisions of this Article. Upon receipt of such notification and subject to the other
provisions of this Article, the Trustee shall take such action as may be necessary in order to distribute the Participant’s vested Accrued Benefit. 
 For Plan Years beginning on or after January 1, 2006, a Participant whose employment status changes from that of a common law employee to that of a “leased employee” within the meaning of
Code Section 414(n) shall not be considered to have a severance from employment for the purposes of this section and this Article of the Plan (unless the safe harbor plan requirements described in Code Section 414(n)(5) are met).

  

	13.02 	Late Retirement Benefits. If a Participant shall continue in active employment following his or her Normal Retirement Age, he or she shall continue to
participate under the Plan and Trust. Except as provided in Section 13.06, upon actual retirement such Participant shall be entitled to a benefit that can be provided by the value of his or her Accrued Benefit. Late Retirement benefits shall be
distributed in accordance with the further provisions of this Article. 

  

	13.03 	Death Benefits. If a Participant or Former Participant shall die prior to the commencement of any benefits otherwise provided under this Article XIII, except as
provided below, his or her Beneficiary shall be entitled to a lump sum death benefit equal to the amount credited to the Participant’s Account as of the date the Plan Administrator receives due proof of the Participant’s death. In lieu of
receiving benefits in a lump sum, a Beneficiary may elect to receive benefits under any option described in Section 13.06; provided that effective January 1, 2011, in lieu of receiving a lump sum death benefit, and except with respect to
amounts held in a Rollover Account as described below in this Section, the Beneficiary of a Participant may only elect to receive benefits under the installment payment option described in Section 13.06. 

Notwithstanding anything in the Plan to the contrary, if a Participant or Former Participant is married on the date of his or her death,
Plan pre-retirement death benefits will be paid to the Participant’s or Former Participant’s then spouse unless such spouse has consented to payment to another Beneficiary, as provided in
Section 13.08. 

  
 61 

 Notwithstanding the first paragraph, if a Rollover Account is being maintained for a married
Participant who dies prior to the commencement of Plan benefits and if any portion of the amount in the Rollover Account is attributable to amounts transferred directly (or indirectly from another transferee Plan) to this Plan from a defined benefit
pension plan, from a money purchase pension plan or from a stock bonus or profit sharing plan which would otherwise provide for a life annuity form of payment to the Participant, the amount in the Rollover Account will be used to purchase a life
annuity for the Participant’s spouse unless the Participant has requested that the Rollover Account be distributed in a different form or be paid to another Beneficiary. Any such request must be made during the election period, which shall
begin on the first day of the Plan Year in which the Participant attains Age 35 and shall end on the date of the Participant’s death. If a Participant severs employment prior to the first day of the Plan Year in which Age 35 is attained, with
respect to the value of the Rollover Account as of the date of separation, the election period shall begin on the date of separation. Any such request must be consented to by the Participant’s spouse. To be effective, the spousal consent must
meet the requirements of Section 13.08. Any annuity provided with a portion of Participant’s Rollover Account in accordance with this paragraph shall be payable for the life of the Participant’s spouse and shall commence on the date
the Participant would have attained Age 55 or, if the Participant was over Age 55 on the date of his or her death, such life annuity shall commence immediately. For Plan Years beginning January 1, 1998 and thereafter, at the request of the
spouse, such Rollover Account may be used to purchase a life annuity or may be taken in another form allowed under the Plan at an earlier or later commencement date. 
 If a Participant shall die subsequent to the commencement of any benefit otherwise provided under this Article XIII, the death benefit, if any, shall be determined in accordance with the benefit option in
effect for the Participant. 
 The Plan Administrator may require such proper proof of death and such evidence of the right of
any person to receive payment of the value of the Accounts of a deceased Participant or a deceased Former Participant, as the Administrator deems necessary. The Administrator’s determination of death and of the right of any person to receive
payment shall be conclusive and binding on all persons. 
  

	13.04 	Death Benefits Under USERRA. Effective for deaths occurring on or after January 1, 2007, in the case of a Participant who dies while performing qualified
military service as defined in Code Section 414(u), the survivors of the Participant are entitled to any additional benefits (other than benefit accruals relating to the period of qualified military service) provided under the Plan had the
Participant resumed and then terminated employment on account of death. 

  

	13.05 	 Designation of Beneficiary. Each Participant shall designate his or her Beneficiary on a form provided by the Plan Administrator, and such
designation may include primary and contingent beneficiaries; provided, however, that if a Participant or Former Participant is married on the date of his or her death, the Participant’s then spouse shall be the Participant’s
Beneficiary unless such spouse consented to the designation of another Beneficiary in accordance with Section 13.08. If a Participant does not designate a Beneficiary and is not married at the date of his or her death, the estate of

  
 62 

	 	
the Participant shall be deemed to be the designated Beneficiary. For Plan Years beginning on and after January 1, 2008, if a Participant completes or has completed a Beneficiary designation
in which the Participant designates his or her spouse as the Beneficiary, and the Participant and the Participant’s spouse are legally divorced subsequent to the date of such designation, then the designation of such spouse as a Beneficiary
hereunder will be deemed null and void unless the Participant, subsequent to the legal divorce, reaffirms the designation by completing a new Beneficiary designation form. 

Effective for distributions made after June 9, 2009, a designated Beneficiary will also include a
non-spouse designated Beneficiary. For this purpose, a non-spouse Designated Beneficiary means a Designated Beneficiary other than (i) a surviving spouse (as
defined in section 13.08) or (ii) a spouse or former spouse who is an Alternate Payee under a Qualified Domestic Relations Order. 
  

	13.06 	Distribution of Benefits. The Plan Administrator shall direct the Trustee to make payment of any benefits provided under this Article XIII upon the event giving
rise to distribution of such benefit, or within 60 days thereafter. 

 All distributions required under the Plan
shall be determined and made in accordance with Code Section 401(a)(9) and Regulations issued thereunder. 
 Unless the
Participant elects otherwise, distribution of benefits will begin no later than the 60th day after the latest of the close of the Plan Year in which: 
  

	 	(i)	the Participant attains Age 65; 

  

	 	(ii)	occurs the 10th anniversary of the year in which the Participant commenced participation in the Plan; or, 

 

	 	(iii)	the Participant terminates service with the Employer. 

 Notwithstanding the foregoing, the failure of a Participant and spouse to consent to a distribution when a benefit is immediately distributable, within the meaning of Section 13.12 of the Plan, shall
be deemed to be an election to defer commencement of payment of any benefit sufficient to satisfy this Section of the Plan. Except as provided in this Article, in no event will benefits begin to be distributed prior to the later of Age 62 or Normal
Retirement Age without the consent of the Participant. 
 Except as provided below and in Sections 13.03, 13.07, 13.11 and 13.12,
if benefits become payable to a Participant as a result of termination of employment or retirement, the Participant’s vested Accrued Benefit shall be distributed by the Trustee in such manner as the Participant shall direct, in accordance with
one or more of the options listed below. Provided, however, that a married Participant may not elect an option involving a life contingency without the consent of his or her spouse. To be effective, the spousal consent must meet the
requirements of Section 13.08 

  
 63 

 Notwithstanding the foregoing, if on the date of severance from employment of a married
Participant prior to the attainment of his or her Qualified Early Retirement Age a Rollover Account as described in Section 13.03 is being maintained for the Participant, such Account will remain in force until the Former Participant attains
Age 55 when, if the Former Participant is then married, the value of such Rollover Account will be used to purchase a Qualified Joint and Survivor Annuity for the benefit of the Former Participant and his or her then spouse. At any time prior to the
date of purchase, the Former Participant may request that his or her Rollover Account be distributed under one or more of the options listed below; provided, however, that if the Former Participant is married on the date of the
request, the Former Participant’s then spouse must consent thereto. To be effective, the spousal consent must meet the requirements of Section 13.08. If a Former Participant who was married on the date of his or her severance from
employment is not married at Age 55, at Age 55 the Former Participant’s Rollover Account (as described in Section 13.03) shall be distributed by the Trustee in such manner as the Former Participant shall direct, in accordance with one or
more of the options listed below. If a Former Participant entitled to a deferred benefit pursuant to this paragraph dies prior to Age 55 and prior to commencement of Plan benefits, his or her Beneficiary shall be entitled to a death benefit pursuant
to Section 13.03. 
 Prior to January 1, 2011, if a Qualified Joint and Survivor Annuity is not required under the
above rules or pursuant to Section 13.07, a Participant’s Accrued Benefit shall be distributed by the Trustee in such manner as the Participant shall elect, in accordance with one or more of the following methods of distribution, which may
be paid in cash or in kind, or a combination of them: 
  

	 	(i)	One lump sum payment. 

  

	 	(ii)	An annuity for the life of the Participant. 

  

	 	(iii)	 An annuity for the joint lives of the Participant and his or her spouse with 50%, 66 2/3%, 75% or 100% (whichever is specified when this option is elected) of such amount payable as an annuity for life to the survivor. No further benefits are payable after the death of both the Participant
and his or her spouse. 

  

	 	(iv)	An annuity for the life of the Participant with installment payments for a period certain not longer than the life expectancy of the Participant.

  

	 	(v)	Installment payments for a period certain not longer than the life expectancy of the Participant and his or her spouse. 

On and after January 1, 2011, the portion of the Participant’s Accrued Benefit that is attributable to a Rollover Account as
described in Section 13.03 shall be distributed by the Trustee in such manner as the Participant shall elect, in accordance with one or more of the above-described methods of distribution, which may be paid in cash or in kind, or a combination
of them; provided that an in-kind distribution shall only be 

  
 64 

 
available with respect to an annuity contract that is purchased by the Trustee at the time of distribution or shares of common stock of The Hanover Insurance Group that are held in the
Participant’s Account at the time of distribution as represented by the Participant’s investment in The Employer Stock Fund (defined in Section 16.02 of the Plan). 

On and after January 1, 2011, the portion of the Participant’s Accrued Benefit that is not attributable to a Rollover Account as
described in Section 13.03 shall be distributed by the Trustee in such manner as the Participant shall elect, in accordance with one or more of the following methods of distribution, which may be paid in cash or in kind, or a combination of
them; provided that an in-kind distribution shall only be available with respect to shares of common stock of The Hanover Insurance Group. Inc. that are held in the Participant’s Account at the time of
distribution as represented by the Participant’s investment in The Employer Stock Fund (defined in Section 16.02 of the Plan): 
  

	 	(i)	One lump sum payment. 

  

	 	(ii)	Installment payments for a period certain not longer than the life expectancy of the Participant and his or her spouse. 

All optional forms of benefits shall be actuarially equivalent. 
 Notwithstanding anything in the Plan to the contrary, any annuity policy which is distributed by the Trustee shall provide by its terms that the same shall not be sold, transferred, assigned, discounted,
pledged or encumbered in any way except to or through the insurer, and then only in accordance with a right conferred under the terms of the annuity policy. 
 Notwithstanding anything in the Plan to the contrary, the entire interest of a Participant must be distributed or begin to be distributed no later than the Participant’s Required Beginning Date.

 The Required Beginning Date of a Participant is the first day of April of the calendar year following the
calendar year in which the Participant attains age 70 1/2; provided, however, that a Participant, who is not a Five Percent Owner and who does not retire by the end
of the calendar year in which such Participant reaches age 70 1/2, may elect to defer their Required Beginning Date to the first day of April of the calendar year following the calendar
year in which the Participant retires. If, after the date of such election, a Participant becomes a Five Percent Owner, the Required Beginning Date is the first day of April following the later of: (i) the calendar year in which the Participant
attains age 70 1/2; or (ii) the earlier of the calendar year with or within which ends the Plan Year in which the Participant becomes a Five Percent Owner, or the calendar year in which the Participant retires.

  

	13.07 	 Automatic Joint and Survivor Annuity. Notwithstanding anything in Section 13.06 to the contrary, if a Rollover Account as described in
Section 13.03 is being maintained for a married Participant and if Plan benefits become payable to such Participant on or 

  
 65 

	 	
after the Participant’s Qualified Early Retirement Age, such Rollover Account will be used to purchase a Qualified Joint and Survivor Annuity unless the Participant has elected otherwise. To
be effective, any election out of a Qualified Joint and Survivor Annuity must be consented to by the Participant’s spouse at the time Plan benefits become payable. Any election (by a Participant on whose behalf a Rollover Account as described
in Section 13.03 is maintained) out of a Qualified Joint and Survivor Annuity must be in writing and may be made during the election period, which shall be the 90-day period
(180-day period for Plan Years beginning January 1, 2007 and thereafter) ending on the annuity starting date. 

  

	13.08 	Participant Elections and Spousal Consents. Married Participants may choose a Beneficiary other than their spouse or, in the case of a Rollover Account described
in Section 13.03, may choose a form of retirement benefit other than a Qualified Joint and Survivor Annuity. Any Beneficiary designation shall be in accordance with the requirements of Section 13.05. Any election (by a Participant on whose
behalf a Rollover Account as described in Section 13.03 is maintained) out of a Qualified Joint and Survivor Annuity must be in writing and may be made during the election period, which shall be the
90-day period (180-day period for Plan Years beginning January 1, 2007 and thereafter) ending on the annuity starting date. To be effective, any designation of a
Beneficiary who is not the spouse of the Participant on the date of the Participant’s death or any such election out of the Qualified Joint and Survivor Annuity must be consented to by Participant’s spouse. For purposes of this Section the
term “spouse” means the lawful spouse of the Participant on the date of the Participant’s death or on the date Plan benefits commence, whichever is applicable; provided that a former spouse will be treated in the same manner as a
spouse to the extent provided under a Qualified Domestic Relations Order as described in Code Section 414(p). 

To be effective, spousal consent must be in writing on a form furnished by or satisfactory to the Plan Administrator and witnessed by a
Plan representative or notary public. Provided, however, spousal consent shall not be required under such circumstances as may be prescribed by the Plan Administrator in accordance with Rules and Regulations promulgated by the
Secretary and the Treasury. Any spousal consent will be valid only with respect to the spouse who signs the consent. Additionally, a revocation of an election out of a Qualified Joint and Survivor Annuity may be made by a Participant without the
consent of the spouse at any time before the commencement of benefits. The number of revocations shall not be limited. 
  

	13.09 	Distribution to a Minor Participant or Beneficiary. In the event a distribution is to be made to a minor, then the Plan Administrator may, in the
Administrator’s sole discretion, direct that such distribution be paid to the legal guardian of the minor, or if none, to a parent of such minor or a responsible adult with whom the minor maintains his or her residence, or to the custodian for
such minor under the Uniform Gift to Minors Act, if such is permitted by the laws of the state in which said minor resides. Such a payment to the legal guardian or parent of a minor or to such a custodian shall fully discharge the Trustee, Employer,
and Plan from further liability on account thereof. 

  
 66 

	13.10  	Location of Participant or Beneficiary Unknown. In the event that all, or any portion, of the distribution payable to a Participant or his or her Beneficiary
hereunder shall, at the expiration of five years after it shall become payable, remain unpaid solely by reason of the inability of the Plan Administrator, after sending a registered letter, return receipt requested, to the payee’s last known
address, and after reasonable effort, to ascertain the whereabouts of such Participant or his or her Beneficiary, the amount so distributable shall be forfeited and allocated in accordance with the terms of this Plan. In the event a Participant or
Beneficiary is located subsequent to his or her benefit being forfeited, such benefit shall be restored. 

  

	13.11  	Small Balances; Forfeitures; Restoration of Benefits Upon Reemployment. If a Participant terminates from employment and the present value of the
Participant’s vested Accrued Benefit does not exceed (or at the time of any prior distribution did not exceed) $3,500 ($5,000 for periods between January 1, 1998 and March 27, 2005), except as provided in Section 13.14, for
distributions made prior to March 28, 2005, the Participant will receive a lump sum distribution of the present value of the entire vested portion of such Accrued Benefit and the non-vested portion will
be forfeited and applied to reduce Employer Match Contributions. Provided, however, if a Rollover Account described in Section 13.03 is being maintained for a Participant, no such distribution may be made to the Participant after
Age 55 unless the Participant (and the spouse of the Participant) consents in writing to such distribution. For purposes of this paragraph, for terminations occurring at any time (including terminations occurring on or after March 28, 2005), if
the value of the Participant’s vested Accrued Benefit is zero, the Participant shall be deemed to have received a distribution of such vested Accrued Benefit. 

If a Participant terminates from employment and the present value of the Participant’s vested Accrued Benefit exceeds $3,500 ($5,000
for periods between January 1, 1998 and March 27, 2005), or any dollar amount if the distribution would otherwise be made on or after March 28, 2005, the Participant’s vested Accrued Benefit shall be deferred to the earliest of
the Participant’s death, Total and Permanent Disability or attainment of Normal Retirement Age, at which time such vested benefit shall be payable in accordance with Sections 13.06 and 13.13. Notwithstanding the foregoing, such a Participant
may elect to have payments commence at any time after termination in accordance with Section 13.06. Partial distributions of vested benefits will not be permitted except in accordance with Section 13.06. The
non-vested portion of the Participant’s Accrued Benefit shall be forfeited when the Participant incurs five consecutive One Year Breaks in Service or, if earlier, when the Participant or his or her spouse
(or surviving spouse) receives a distribution of his or her vested Accrued Benefit. 
 Notwithstanding the above, the $5,000
amount shall apply to any Participant with a vested Accrued Benefit on or after January 1, 1998 and before March 27, 2005; including those Participants whose vested Accrued Benefit exceeded the prior
cash-out amount under the Plan. Further, in determining whether the vested Accrued Benefit exceeds $5,000 for distributions made in accordance with this Section on or after October 17, 2000, the look-back
rule shall not apply, except in the case of periodic distributions already in effect. 

  
 67 

 Except as provided below, the non-vested portion of
the Accrued Benefit of any terminated Participant will be used to reduce Employer Match Contributions for the Plan Year in which the forfeiture occurs and for subsequent Plan Years, if necessary. A Participant who severs employment and who
subsequently resumes employment with the Employer will again become a Participant on the entry date determined in accordance with Plan Section 3.01. 
 If a Former Participant is subsequently reemployed, the following rules shall also be applicable: 
  

	 	(i)	If any Former Participant shall be reemployed by the Employer before incurring five consecutive One Year Breaks in Service, and such Former Participant had received a
distribution of his or her vested Accrued Benefit prior to his or her reemployment, his or her forfeited Account balance shall be reinstated if he or she repays the full amount attributable to Employer Contributions which was distributed to him or
her, not including, at the Participant’s option, amounts attributable to any Salary Reduction Contributions. Such repayment must be made by the Former Participant before the date on which the individual incurs five consecutive One Year Breaks
in Service following the date of distribution. A Participant who was deemed to have received a distribution of his or her vested amount shall be deemed to have repaid such amount as of the first date on which he or she again becomes a Participant.
In the event the Former Participant does repay the full amount distributed to him or her, the forfeited portion of the Participant’s Account must be restored in full, unadjusted by any gains or losses occurring subsequent to the date of
distribution. 

  

	 	(ii)	Restorations of forfeitures will be made as of the date that the Plan Administrator is notified that the Trustee has received the required repayment. Any forfeiture
amount that must be restored to a Participant’s Account will be taken from any forfeitures that have not yet been applied and, if the amount of forfeitures available for this purpose is insufficient, the Employer will make a timely supplemental
contribution of an amount sufficient to enable the Trustee to restore the forfeiture amount to the Participant’s Account. 

  

	 	(iii)	If a Former Participant resumes service after incurring five consecutive One Year Breaks in Service, forfeited amounts will not be restored under any circumstances.

 If a Former Participant resumes service before incurring five consecutive One Year Breaks in Service, both the pre-break and post-break service will count in vesting both any restored pre-break and post-break employer-derived Account balance.

  
 68 

	13.12  	Restrictions on Immediate Distributions 

  

	 	(a)	If the value of a Participant’s vested Accrued Benefit derived from Employer and Employee contributions exceeds (or at the time of any prior distribution exceeded)
$3,500 ($5,000 for Plan Years beginning January 1, 1998 and thereafter) and the Accrued Benefit is immediately distributable, the Participant and the Participant’s spouse (or where either the Participant or the spouse has died, the
survivor) must consent to any distribution of such Accrued Benefit. Notwithstanding the above, in determining whether such consent is necessary, the $5,000 amount shall apply to any Participant with an Accrued Benefit on or after January 1,
1998 and before March 28, 2005, including those Participants whose Accrued Benefit exceeded the prior cash-out amount under the Plan. Further, in determining whether such consent is necessary for
distributions on or after October 17, 2000, the look-back rule shall not apply, except in the case of periodic distributions already in effect. 

 Except as provided below, the consent of the Participant and the Participant’s spouse shall be obtained in writing within the 90-day period (180-day period for Plan Years beginning January 1, 2007 and thereafter) 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 any other form. The Plan Administrator shall notify the Participant and/or the Participant’s spouse of the right to defer any distribution until the Participant’s Accrued Benefit is no longer immediately distributable and,
effective for Plan Years beginning after December 31, 2006, the consequences of failing to defer receipt of the distribution. 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), if applicable, and shall be provided no less than 30 days and no more than 90 days (180 days for
Plan Years beginning January 1, 2007 and thereafter) prior to the annuity starting date. 
 However, distribution may
commence less than 30 days after the notice described in the preceding sentence is given, provided the distribution is not one to which Code Section 417 applies, the Participant is clearly informed of his or her right to take 30 days after
receiving the notice to decide whether or not to elect a distribution (and, if applicable, a particular distribution option), and the Participant, after receiving the notice, affirmatively elects to receive the distribution prior to the expiration
of the 30-day minimum period. 

  
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 For Plan Years beginning January 1, 1998, and thereafter, if a distribution is one to
which Code Sections 411(a)(11)(A) and 417 applies, a Participant may commence receiving a distribution in a form other than a Qualified Joint and Survivor Annuity less than 30 days after receipt of the written explanation described in the preceding
paragraph provided: (1) the Participant has been provided with information that clearly indicates that the Participant has at least 30 days to consider whether to waive the Qualified Joint and Survivor Annuity and elect (with spousal consent) a
form of distribution other than a Qualified Joint and Survivor Annuity; (2) the Participant is permitted to revoke any affirmative distribution election at least until the Distribution Commencement Date or, if later, at any time prior to the
expiration of the 7-day period that begins the day after the explanation of the Qualified Joint and Survivor Annuity is provided to the Participant; and (3) the Distribution Commencement Date is after the
date the written explanation was provided to the Participant. For distributions on or after December 31, 1996, the Distribution Commencement Date may be a date prior to the date the written explanation is provided to the Participant if the
distribution does not commence until at least 30 days after such written explanation is provided, subject to the waiver of the 30-day period. For the purposes of this paragraph, the Distribution Commencement
Date is the date a Participant commences distributions from the Plan. If a Participant commences distribution with respect to a portion of his/her Account Balance, a separate Distribution Commencement Date applies to any subsequent distribution. If
distribution is made in the form of an annuity, the Distribution Commencement Date is the first day of the first period for which annuity payments are made. 
 Notwithstanding the foregoing, only the Participant need consent to the commencement of a distribution in the form of a Qualified Joint and Survivor Annuity while the Accrued Benefit is immediately
distributable. Furthermore, if payment in the form of a Qualified Joint and Survivor Annuity is not required with respect to the Participant, only the Participant need consent to the distribution of an Accrued Benefit that is immediately
distributable. The consent of the Participant or the Participant’s spouse shall not be required to the extent that a distribution is required to satisfy Code Section 401(a)(9) or Code Section 415. In addition, upon termination of this
Plan if the Plan does not offer an annuity option (purchased from a commercial provider) and if the Employer or any entity within the same controlled group as the Employer does not maintain another defined contribution plan (other than an employee
stock ownership plan as defined in Code Section 4975(e)(7)), the Participant’s Accrued Benefit may, without the Participant’s consent, be distributed to the Participant. However, if any entity within the same controlled group as the
Employer maintains another defined contribution plan (other than an employee stock ownership plan as defined in Code Section 4975(e)(7)) then the Participant’s Accrued Benefit will be transferred, without the Participant’s consent, to
the other plan if the Participant does not consent to an immediate distribution. 

  
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 An Accrued Benefit is immediately distributable if any part of the Accrued Benefit could be
distributed to the Participant (or surviving spouse) before the Participant attains (or would have attained if not deceased) the later of Normal Retirement Age or age 62. 

 

	13.13  	Rollovers to Other Qualified Plans. 

  

	 	(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 Plan Administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover. 

 

	 	(b)	Definitions. 

  

	 	(i)	Eligible rollover distribution: An eligible rollover distribution is 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: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the 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 or more; any distribution to the extent such distribution is required under Code Section 401(a)(9); any
hardship distribution described in Code Section 401(k)(2)(B)(i)(iv) received after December 31, 1998; the portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized
appreciation with respect to employer securities); and any other distribution(s) that is reasonably expected to total less than $200 during a year. For Plan Years beginning on and after January 1, 2008, a portion of a distribution shall not
fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions which are not includible in gross income. However, effective January 1, 2007, such
portion may be transferred only to an individual retirement account or individual retirement annuity described in Code section 408(a) or Code Section 408(b), or to a qualified plan described in Code Section 401(a) or Code
Section 403(a), or to an annuity contract described in Code Section 403(b), which plan or contract agrees to separately account for amounts so transferred, including separate accounting for the portion of such distribution which is
includible in gross income and the portion of such distribution which is not so includible. Effective January 1, 2008, such portion may also be transferred to a Roth IRA, provided that for amounts transferred in 2008 or in 2009, the same income
and tax filing restrictions that apply to a rollover from a traditional IRA to a Roth IRA are complied with by the distributee. 

  
 71 

	 	(ii)	Eligible retirement plan: An eligible retirement plan is an 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), or a qualified Plan described in Code Section 401(a), that accepts the distributee’s eligible rollover distribution. Effective for Plan Years
beginning on and after January 1, 2006, eligible Retirement Plan also means 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. For Eligible Rollover Distributions made after December 31,
2007, an Eligible Retirement Plan shall also include a Roth individual retirement account as described in Section 408A of the Code, provided that for Eligible Rollover Distributions made in 2008 or in 2009, the same income and tax filing status
restrictions that apply to a rollover from a traditional IRA into a Roth IRA, will also apply to rollovers to a Roth IRA. 

  

	 	(iii)	Distributee: A distributee includes an Employee or former Employee. In addition, the Employee’s or former Employee’s surviving spouse or former spouse who is
the alternate payee under a qualified domestic relations order, as defined in Code Section 414(p), are distributees with regard to the interest of the spouse or former spouse. 

 

	 	(iv)	Direct rollover: A direct rollover is a payment by the Plan to the eligible retirement plan specified by the distributee. 

 

	 	(c)	For distributions after June 9, 2009, a non-spouse Beneficiary who is a “designated beneficiary” under Code
Section 401(a)(9)(E) and the regulations thereunder, by a direct trustee-to-trustee transfer (“direct rollover”), may roll over all or any portion of his
or her distribution to an individual retirement account the Beneficiary establishes for purposes of receiving the distribution. In order to be able to roll over the distribution, the distribution otherwise must satisfy the definition of an eligible
rollover distribution. 

 Although a non-spouse Beneficiary may roll over
directly a distribution as provided in above, any distribution made prior to January 1, 2010 is not subject to the direct rollover requirements of Code 401(a)(31) (including Code Section 401(a)(31)(B), the notice requirements of Code
Section 402(f) or the mandatory withholding requirements of Code Section 3405(c)). If a non-spouse Beneficiary receives a distribution from the Plan, the distribution is not eligible for a “60-day” rollover. 

  
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 If the Participant’s named Beneficiary is a trust, the Plan may make a direct rollover
to an individual retirement account on behalf of the trust, provided the trust satisfies the requirements to be a “designated beneficiary” within the meaning of Code Section 401(a)(9)(E). 

A non-spouse Beneficiary may not roll over an amount which is a required minimum distribution, as
determined under applicable Treasury Regulations and other Internal Revenue Service guidance. If the Participant dies before his or her required beginning date and the non-spouse Beneficiary rolls over to an
IRA the maximum amount eligible for rollover, the Beneficiary may elect to use either the 5-year rule or the life expectancy rule, pursuant to Treasury Regulation
Section 1.401(a)(9)-3, A-4(c), in determining the required minimum distributions from the IRA that receives the non-spouse
Beneficiary’s distribution. 
  

	13.14  	Payment under Qualified Domestic Relations Orders. Notwithstanding any provisions of the Plan to the contrary, if there is entered any Qualified Domestic
Relations Order that affects the payment of benefits hereunder, such benefits shall be paid in accordance with the applicable requirements of such Order, provided that such Order (i) does not require the Plan to provide any type or form of
benefits, or any option, that is not otherwise provided hereunder, (ii) does not require the Plan to provide increased benefits, and (iii) does not require the payment of benefits to an alternate payee which are required to be paid to
another alternate payee under another order previously determined to be a Qualified Domestic Relations Order. 

 To
the extent required or permitted by any such Order, at any time on or after the date the Plan Administrator has determined that the Order is a Qualified Domestic Relations Order, the alternate payee shall have the right to request the Plan
Administrator to commence distribution of benefits under the Plan regardless of whether the Participant is otherwise entitled to a distribution at such time under the Plan. Except as specifically provided in a Qualified Domestic Relations Order,
amounts distributed under this section shall be taken pro rata from the investment options in which each of the Participant’s Accounts is invested. The Plan Administrator shall establish reasonable procedures to determine whether an order or
other decree is a Qualified Domestic Relations Order, and to administer distributions under such orders. 
  

	13.15  	Notwithstanding anything in the Plan to the contrary, effective January 1, 2002, for purposes of computing the value of involuntary distributions of vested Accrued
Benefits of $5,000 or less, the value of a Participant’s nonforfeitable Account balances shall be determined without regard to that portion of the Account balances that are attributable to Rollover Contributions (and earnings allocable thereto)
within the meaning of Code Sections 402(c)(4), 403(a)(4), 403(b)(8), 408(d)(3) and 457(e)(16). If the value of the Participant’s nonforfeitable Account balances as so determined is $5,000 or less, for distributions made prior to March 28,
2005, the Plan shall distribute the Participant’s entire vested Account balances as soon as administratively feasible. 

  
 73 

	13.16  	USERRA. For years beginning after December 31, 2008, the following rules shall apply: 

 

	 	(a)	Severance from Employment. An individual shall be treated as having been severed from employment for purposes of Code Section 401(k)(2)(B)(i)(I) during any
period the individual is performing service in the uniformed services described in Code Section 3401(h)(2)(A). If an individual performing such service in the uniformed services elects to receive a distribution by reason of severance from
employment, the individual may not make a Salary Reduction Contribution or other Employee contribution during the 6-month period beginning on the date of the distribution. 

 

	 	(b)	Qualified Reservist Distribution under USERRA. A Participant who is ordered or called to active duty may take a Qualified Reservist Distribution if the following
are satisfied: 

  

	 	(1)	the distribution consists solely of elective deferrals (Salary Reduction Contributions); 

 

	 	(2)	the Participant was ordered or called to active duty for a period in excess of one hundred and seventy nine (179) days or for an indefinite period; and

  

	 	(3)	the distribution from the Plan is made during the period which begins on the date of such order or call and ends at the close of the active duty period.

 The ten percent (10%) early withdrawal penalty tax will not apply to a qualified reservist distribution,
which meets the requirements stated above. 
 ARTICLE XIV 

PLAN FIDUCIARY RESPONSIBILITIES 
  

	14.01  	Plan Fiduciaries. The Plan Fiduciaries shall be: 

  

	 	(i)	the Trustee(s) of the Plan; 

  

	 	(ii)	the Plan Administrator; and 

  

	 	(iii)	such other person or persons as may be designated by the Plan Administrator in accordance with the provisions of this Article XIV. 

  
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	14.02  	General Fiduciary Duties. Each Plan Fiduciary shall discharge his or her duties solely in the interest of the Participants and their Beneficiaries and act:

  

	 	(i)	for the exclusive purpose of providing benefits to Participants and their Beneficiaries and defraying reasonable expenses of administering the Plan;

  

	 	(ii)	with the care, skill, prudence and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters
would use in the conduct of an enterprise of a like character and with like aims; 

  

	 	(iii)	by diversifying the investments of the Plan so as to minimize the risk of large losses, unless under the circumstances it is clearly prudent not to do so, if the
Fiduciary has the responsibility to invest plan assets; and 

  

	 	(iv)	in accordance with the documents and instruments governing the Plan insofar as such documents and instruments are consistent with the provisions of current laws and
regulations. 

 Each Plan Fiduciary shall perform the duties specifically assigned to him or her. No Plan Fiduciary
shall have any responsibility for the performance or non-performance of any duties not specifically allocated to him or her. 
  

	14.03  	Duties of the Trustee(s). The specific responsibilities and duties of the Trustee(s) are set forth in the Trust Indenture between the Employer and the
Trustee(s). In general the Trustee(s) shall: 

  

	 	(i)	invest Plan assets, subject to directions from the Plan Administrator or from any duly appointed investment manager; 

 

	 	(ii)	maintain adequate records of receipts, disbursements, and other transactions involving the Plan; and 

 

	 	(iii)	prepare such reports, statements, tax returns and other forms as may be required under the Trust Indenture or applicable laws and regulations. 

 

	14.04  	Powers and Duties of the Plan Administrator. The Plan Administrator is the Benefits Committee. The Plan Administrator shall have the power, discretionary
authority, and duty to interpret the provisions of the Plan and to make all decisions and take all actions that shall be necessary or proper in order to carry out the provisions of the Plan. Without limiting the generality of the foregoing, the Plan
Administrator shall: 

  

	 	(i)	monitor compliance with the provisions of ERISA and other applicable laws with respect to the Plan; 

 

	 	(ii)	establish an investment policy and funding method consistent with objectives of the Plan and with the requirements of applicable laws and regulations;

  
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	 	(iii)	invest Plan assets except to the extent that the Plan Administrator has delegated such investment duties to an investment manager; 

 

	 	(iv)	evaluate from time to time investment policy and the performance of any investment manager or investment advisor appointed by it; 

 

	 	(v)	interpret and construe the Plan in order to resolve any ambiguities therein; 

 

	 	(vi)	determine all questions concerning the eligibility of any person to participate in the Plan, the right to and the amount of any benefit payable under the Plan to or on
behalf of an individual and the date on which any individual ceases to be a Participant, with any such determination to be conclusively binding and final, to the extent permitted by applicable law, upon all persons interested or claiming an interest
in the Plan; 

  

	 	(vii)	establish guidelines as required for the orderly and uniform administration of the Plan; 

 

	 	(viii)	exercise overall control of the operation and administration of the Plan in matters not allocated to some other Fiduciary by the terms of this Plan;

  

	 	(ix)	administer the Plan on a day-to-day basis in accordance with the provisions of this Plan
and all other pertinent documents; 

  

	 	(x)	retain and maintain Plan records, including Participant census data, participation dates, compensation records, and such other records necessary or desirable for proper
Plan administration; 

  

	 	(xi)	prepare and arrange for delivery to Participants of such summaries, descriptions, announcements and reports as are required to be given to Participants under applicable
laws and regulations; 

  

	 	(xii)	file with the U.S. Department of Labor, the Internal Revenue Service and other regulatory agencies on a timely basis all required reports, forms and other documents;

  

	 	(xiii)	prepare and furnish to the Trustee(s) sufficient records and data to enable the Trustee(s) to properly perform its obligations under the Trust Indenture; and

  

	 	(xiv)	to take appropriate actions required to correct any errors made in determining the eligibility of any Employee for benefits under the Plan or the amount of benefits
payable under the Plan and in correcting any error made in computing the benefits of any Participant or Beneficiary, the Plan Administrator may make equitable adjustments (an increase or decrease) in the amount of any future benefits payable under
the Plan, including the recovery of any overpayment of benefits paid from the Plan as provided in Treasury Regulation Section 1.401(a)-13(c)(2)(iii). 

  
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 The Plan Administrator may appoint or employ such advisers or assistants as the Plan
Administrator deems necessary and may delegate to any one or more of its members any responsibility it may have under the Plan or designate any other person or persons to carry out any responsibility it may have under the Plan. 

Notwithstanding any provisions elsewhere to the contrary, the Plan Administrator shall have total discretion to fulfill the above
responsibilities as the Plan Administrator sees fit on a uniform and consistent basis and as the Plan Administrator believes a prudent person acting in a like capacity and familiar with such matters would do. 

 

	14.05  	Designation of Fiduciaries. The Plan Administrator shall have the authority to appoint and remove Trustee(s) in accordance with the Trust Indenture. The Plan
Administrator may appoint and remove an investment manager and delegate to said investment manager power to manage, acquire or dispose of any assets of the Plan. 

 While there is an investment manager, the Plan Administrator shall have no obligation under this Plan with regard to the performance or non-performance of the
duties delegated to the investment manager. 
 The Plan Administrator shall appoint all other Fiduciaries of this Plan. In making
its appointment or delegation of authority, the Plan Administrator may designate all of the responsibilities to one person or it may allocate the responsibilities, on a continuing basis or on an ad hoc basis, to one or more individuals either
jointly or severally. No individual named a Fiduciary shall have any responsibility for the performance or non-performance of any responsibilities or duties not allocated to him or her. 

The appointing authority of a Fiduciary shall periodically, but not less frequently than annually, review the performance of each
fiduciary appointed in order to carry out the general fiduciary duties specified in Section 14.02 and, where appropriate, take or recommend remedial action. 
  

	14.06  	Delegation of Duties by a Fiduciary. Except as provided in this Plan or in the appointment as a Fiduciary, no Plan Fiduciary may delegate his or her fiduciary
responsibilities. If authorized by the appointing authority, a Fiduciary may appoint such agents as may be deemed necessary and delegate to such agents any non-fiduciary powers or duties, whether ministerial
or discretionary. No Fiduciary or agent of a Fiduciary who is a full-time employee of the Employer will receive any compensation from the Plan for his or her services, but the Employer or the Plan shall pay all expenses that such employee reasonably
incurs in the discharge of his or her duties. 

  
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 ARTICLE XV 
 BENEFITS COMMITTEE 
  

	15.01  	Appointment of Benefits Committee. The Benefits Committee shall consist of three or more members appointed from time to time by the president of the Employer
(the “President”), who shall also designate one of the members as chairman. Each member of the Benefits Committee and its chairman shall serve at the pleasure of the President. 

 

	15.02  	Benefits Committee to Act by Majority Vote, etc. The Benefits Committee shall act by majority vote of all members. All actions, determinations, interpretations
and decisions of the Benefits Committee with respect to any matter within their jurisdiction will be conclusive and binding on all persons. Any person may rely conclusively upon any action if certified by the Benefits Committee.

 Notwithstanding the above, a member of the Benefits Committee who is also a Participant shall not vote or act
upon any matter relating solely or primarily to him or herself. 
  

	15.03  	Records and Reports of the Benefits Committee. The Benefits Committee shall keep a record of all of its proceedings and acts, and shall keep such books of
account, records and other data as may be necessary for the proper administration of the Plan and file or deliver to Participants and their Beneficiaries whatever reports are required by any regulatory authority. 

 

	15.04  	Costs and Expenses of Administration. Notwithstanding any provisions of the Plan to the contrary (but subject to the provisions of Section 12.01), all
clerical, legal and other expenses of the Plan and the Trust, including Trustee’s fees, shall be paid by the Plan, except to the extent the Employer elects to pay such amounts; provided, however, that if the Employer pays such
amounts it shall be reimbursed by the Trust for such amounts unless the Employers elects not to be so reimbursed. 

  

	15.05  	Indemnification of the Plan Administrator and Assistants. The Employer shall indemnify and defend to the extent permitted under the By-Laws of the Employer any Employee or former Employee (i) who serves or has served as a member of the Benefits Committee, (ii) who has been appointed to assist the Benefits Committee in administering the
Plan, or (iii) to whom the Benefits Committee has delegated any of its duties or responsibilities against any liabilities, damages, costs and expenses (including attorneys’ fees and amounts paid in settlement of any claims approved by the
Employer) occasioned by any act or omission to act in connection with the Plan, if such act or omission to act is in good faith and without gross negligence; provided that such Employee or former Employee is not otherwise indemnified or saved
harmless under any liability insurance or other indemnification arrangement. 

  
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 ARTICLE XVI 
 INVESTMENT OF THE TRUST FUND 
  

	16.01  	In General. Subject to the direction of the Plan Administrator or any duly appointed investment manager in accordance with Section 14.05, the Trustee shall
receive all contributions to the Trust and shall hold, invest and control the whole or any part of the assets in accordance with the provisions of the annexed Trust Indenture. 

 

	16.02  	Investment of the Trust Fund. In order to provide retirement and other benefits for Plan Participants and their Beneficiaries, the Trustee shall invest Plan
assets in one or more permissible investments specified in the Trust Indenture (“Permissible Investments”) and in such collective investment trusts or group trusts that may be established for the primary objective of investing in
securities issued by The Hanover Insurance Group, Inc., which investments shall be considered as investments in qualifying employer securities as defined in Section 407(d) of the Employee Retirement Income Security Act of 1974, as amended.
Except as otherwise provided in this Section, such Permissible Investments shall include The Hanover Insurance Group Company Stock Fund, a group trust established for the purposes of investing in the common stock of The Hanover Insurance Group. Inc.
(“The Employer Stock Fund”). Notwithstanding anything else in the Plan to the contrary, after the close of trading on November 2, 2009, the Trustee shall not invest any Plan assets to acquire an interest in The Employer Stock
Fund for or on behalf of a Participant. Notwithstanding anything else in the Plan to the contrary, effective after the close of trading on December 30, 2011, the Employer Stock Fund shall automatically stop being offered as a Permissible
Investment under the Plan and shall he liquidated. 

 All collective investment trusts and group trusts shall also
conform to the terms of the Plan. 
 This Plan is intended to comply with the requirements of Section 404(c) of ERISA. Each
Participant is responsible and has sole discretion to give directions to the Trustee in such form as the Trustee may require concerning the investment of his or her Accrued Benefit in one or more of the Permissible Investments, which directions must
be followed by the Trustee, subject to the restriction contained above restricting investments in The Employer Stock Fund. The designation by a Participant of the allocation of his Accrued Benefit among the Permissible Investments may be made from
time to time, with such frequency and in accordance with such procedures as are established and set forth in the Trust Indenture and applied in a uniform nondiscriminatory manner provided, however, that notwithstanding the foregoing,
effective at the close of trading on November 2, 2009, a Participant shall not designate an increase to the allocation of his Accrued Benefit in The Employer Stock Fund as that allocation existed at the close of trading on November 2,
2009. Any such procedure shall he communicated to the Participants and designed with the intention of permitting the Participants to exercise control over the assets in their respective accounts within the meaning of Section 404(c) of the
Employee Retirement Income Security Act of 1974, as amended, and the regulations promulgated thereunder. 

  
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 Notwithstanding anything else in the Plan to the contrary, if and to the extent a
Participant has assets invested in The Employer Stock Fund as of the close of trading on November 2, 2009, such Participant shall be provided an opportunity before the close of trading on December 30, 2011 to give directions to the Trustee
to transfer such assets out of the Employer Stock Fund and into another Permissible Investment. Notwithstanding anything in the Plan to the contrary, if and to the extent that (i) a Participant fails to designate an allocation of his Accrued
Benefit, in whole or in part, (ii) a Participant’s attempted allocation into The Employer Stock Fund is disregarded under this Section, or (iii) a Participant has any assets invested in The Employer Stock Fund as of the close of
business on December 30, 2011, the Trustee shall allocate and invest such assets in the default investment fund which has been selected by the Plan Administrator; provided that for Plan Years beginning on or after January 1, 2009, the
provisions of Section 5.05(f) of the Plan shall apply with respect to a default investment fund selected by the Plan Administrator. Otherwise, the Trustee shall allocate and invest the assets of the Trust in accordance with the
Participant’s selections as provided in this Section, subject to the restriction on investments in The Employer Stock Fund. All voting rights with respect to a Participant’s investment in The Employer Stock Fund shall be the responsibility
of that Participant, and the Trustee shall receive direction from the Participant for such voting rights. 
 Neither the Plan
Administrator, the Trustee, the Employer nor any other person shall be under any duty to question any investment, voting or other direction of the Participant or make any suggestions to the Participant in connection therewith, and the Trustee shall
comply as promptly as practicable with directions given by the Participant hereunder, except, notwithstanding anything in the Plan to the contrary, and effective at the close of trading on November 2, 2009, directions to invest in The Employer
Stock Fund. All such directions may be of continuing nature or otherwise and may be revoked by the Participant at any time in such form as the Trustee may require. Neither the Plan Administrator, the Trustee, the Employer nor any other person shall
be responsible or liable for any costs losses or expenses which may arise or result from or be related to the compliance or refusal or failure to comply with any directions from the Participant. The Trustee may refuse to comply with any direction
from the Participant in the event the Trustee, in its sole or absolute discretion, deems such direction improper by virtue of applicable law or regulations or as may be necessary or appropriate, in the sole discretion of the Trustee, to prevent
future investments by the Participant in The Employer Stock Fund, effective at the close of trading on November 2, 2009. For purposes of this Section, all references to “Participant” shall include all Beneficiaries of Participants who
are deceased and any Alternate Payees under a Qualified Domestic Relations Order, as provided for in Section 19.01. 
  

	16.03  	Default Investment. 

  

	 	(a)	General Rules. 

  

	 	(i)	Qualified Default Investment Alternative. If a Participant or Beneficiary has the opportunity to direct the investment of the assets in his or her Account (but does not
direct the investment of such assets), then such assets in his or her Account will be invested in a Qualified Default Investment Alternative. 

  
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	 	(ii)	Transfer from Qualified Default Investment Alternative. Any Participant or Beneficiary on whose behalf assets are invested in a Qualified Default Investment
Alternative may transfer, in whole or in part, such assets to any other investment alternative available under the Plan with a frequency consistent with that afforded to a Participant or Beneficiary who elected to invest in the Qualified Default
Investment Alternative, but not less frequently than once within any 3-month period. 

  

	 	(iii)	No Fees during First 90 Days. Any Participant’s or Beneficiary’s election to make such transfer from the Qualified Default Investment Alternative, or a
Permissible Withdrawal (by any Eligible Participant who is enrolled in the Automatic Contribution Arrangement prior to January 1, 2011), or other first investment in a Qualified Default Investment Alternative on behalf of a Participant or
Beneficiary, will not be subject to any restrictions, fees or expenses (including surrender charges, liquidation or exchange fees, redemption fees and similar expenses charged in connection with the liquidation of, or transfer from, the investment),
except as permitted in Department of Labor Regulation Section 2550.404c–5(c)(5)(ii)(B). 

  

	 	(iv)	Limited Fees after First 90 Days. Following the end of the 90-day period described in paragraph (iii), any transfer described in
paragraph (ii) above or Permissible Withdrawal (by any Eligible Participant who is enrolled in the Automatic Contribution Arrangement prior to January 1, 2011), shall not be subject to any restrictions, fees or expenses not
otherwise applicable to a Participant or Beneficiary who elected to invest in that Qualified Default Investment Alternative. 

  

	 	(v)	Materials Must Be Provided. A Plan fiduciary shall provide to a Participant or Beneficiary the materials set forth in Department of Labor Regulation
Section 2550.404c-1(b)(2)(i)(B)(1)(viii) and (ix) and Department of Labor Regulation Section 404c-1(b)(2)(i)(B)(2) relating to a Participant’s or Beneficiary’s investment in a Qualified Default Investment Alternative.

  

	 	(b)	Notice Requirements. The following provisions apply to the notice required by a Qualified Default Investment Alternative: 

 

	 	(i)	Manner. Such notice will be written in a manner calculated to be understood by the average Plan Participant. 

  
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	 	(ii)	Content. Such notice will contain the following: 

  

	 	A.	A description of the circumstances under which assets in the individual account of a Participant or Beneficiary may be invested on behalf of the Participant or
Beneficiary in a Qualified Default Investment Alternative; and, if applicable, an explanation of the circumstances under which Automatic Contributions will be made on behalf of a Participant, the percentage of Compensation that such Automatic
Contributions represent, and the right of the Participant to elect not to have such made on the Participant’s behalf (or to elect to have Salary Reduction Contributions made at a different percentage); 

 

	 	B.	An explanation of the right of Participants and Beneficiaries to direct the investment of assets in their individual accounts; 

 

	 	C.	A description of the Qualified Default Investment Alternative, including a description of the investment objectives, risk and return characteristics (if applicable),
and fees and expenses attendant to the Qualified Default Investment Alternative; 

  

	 	D.	A description of the right of the Participants and Beneficiaries on whose behalf assets are invested in a Qualified Default Investment Alternative to direct the
investment of those assets to any other investment alternative under the Plan, including a description of any applicable restrictions, fees or expenses in connection with such transfer; and 

 

	 	E.	An explanation of where the Participants and Beneficiaries can obtain investment information concerning the other investment alternatives available under the Plan.

  

	 	(iii)	Timing. The Participant or Beneficiary on whose behalf an investment in a Qualified Default Investment Alternative may be made must be furnished such notice during the
following periods: (1) At least 30 days in advance of the Participant’s eligibility to participate in the Plan, or at least 30 days in advance of the date of any first investment in a Qualified Default Investment Alternative on behalf of a
Participant or Beneficiary; and (2) Within a reasonable period of time of at least 30 days in advance of each subsequent Plan Year. 

  
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 ARTICLE XVII 
 CLAIMS PROCEDURE 
  

	17.01  	Claims Fiduciary. The Plan Administrator will act as Claims Fiduciary except to the extent that the Plan Administrator has delegated the function to some other
person or persons, committee or entity. 

 Notwithstanding any provision elsewhere to be contrary, the Claims
Fiduciaries shall have total discretion to fulfill their fiduciary duties as they see fit on a uniform and consistent basis as they believe a prudent person acting in a like capacity and familiar with such matters would do. 

 

	17.02  	Claims for Benefits. Claims for benefits under the Plan may be filed with the Plan Administrator on forms supplied by the Employer. For the purpose of this
procedure, “claim” means a request for a Plan benefit by a Participant or a Beneficiary of a Participant. If the basis of the claim includes documentation not a part of the records of the Plan or of the Employer, all such documentation
must be included with the claim. 

  

	17.03  	Notice of Denial of Claim. If a claim is wholly or partially denied, the Plan Administrator shall notify the claimant of the denial of the claim within a
reasonable period of time. Such notice of denial (i) shall be in writing, (ii) shall be written in a manner calculated to be understood by the claimant, and (iii) shall contain (A) the specific reason or reasons for denial of the
claim, (B) a specific reference to the pertinent Plan provisions upon which the denial is based, (C) a description of any additional material or information necessary for the claimant to perfect the claim, along with an explanation why
such material or information is necessary, and (D) an explanation of the Plan’s claim review procedure. Unless special circumstances require an extension of time for processing the claim, the Plan Administrator shall notify the claimant of
the claim denial no later than 90 days after receipt of the claim. If such an extension is required, written notice of the extension shall be furnished to the claimant prior to the termination of the initial
90-day period. The extension notice shall indicate the special circumstances requiring the extension of time and the date by which the Plan Administrator expects to render the final decision.

  
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	17.04  	Request for Review of Denial of Claim. Within 120 days of the receipt of the claimant of the written notice of the denial of the claim, or such later time as
shall be deemed reasonable taking into account the nature of the benefit subject to the claim and any other attendant circumstances or if the claim has not been granted within a reasonable period of time, the claimant may file a written request with
the Plan Administrator to conduct a full and fair review of the denial of the claimant’s claim for benefits. In connection with the claimant’s appeal of the denial of his or her benefit, the claimant may review pertinent documents and may
submit issues and comments in writing. 

  

	17.05  	Decision on Review of Denial of Claim. The Plan Administrator shall deliver to the claimant a written decision on the claim promptly, but not later than 60 days,
after the receipt of the claimant’s request for review, except that if there are special circumstances, which require an extension of time for processing, the aforesaid 60-day period may be extended to
120 days. Such decision shall (i) be written in a manner calculated to be understood by the claimant, (ii) include specific reasons for the decision, and (iii) contain specific references to the pertinent Plan provisions upon which
the decision is based. 

 ARTICLE XVIII 
 AMENDMENT AND TERMINATION 
  

	18.01  	Employer May Amend Plan. The Plan may be modified or amended in whole or in part by the action of the Board of Directors of the Employer at any time or times,
and retroactively if it is deemed advisable by the Directors to conform the Plan to conditions which must be met to qualify the Plan or the Trust Indenture for tax benefits available under the applicable provisions of the Internal Revenue Code as it
exists at any such time or times; provided, however, that no such modifications or amendment shall make it possible for any part of the Trust Fund to be used for purposes other than the exclusive benefit of the Participants or their
Beneficiaries. 

 Notwithstanding the above paragraph, an amendment to the Plan may not decrease a
Participant’s Accrued Benefit, and may not reduce or eliminate a benefit, right or feature of this Plan that is protected under Code Section 411(d)(6) (except as provided for by the Code or the Treasury Regulations issued thereunder)
determined immediately prior to the date of adoption, or if later, the effective date of the amendment. Should any early retirement benefit or other optional retirement benefits be changed by amendment to this Plan, all benefits accrued prior to the
date of such amendment shall not be reduced. 

  
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	18.02  	Employer May Discontinue Plan. The Employer reserves the right at any time to partially terminate the Plan or to terminate the Plan in its entirety. Any such
termination or partial termination of such Plan shall become effective immediately upon receipt by the Trustee of a copy of the vote or resolutions of the Directors of the Employer terminating its Plan, certified as true and correct by the clerk or
secretary of the Employer. For Plan Years beginning on or after January 1, 2007, a partial plan termination shall be deemed to have occurred based on the facts and circumstances in existence at the time as required by
Section 1.411(d)-2(b)(1) of the Treasury Regulations and Revenue Ruling 2007-43. 

 In the event of termination of the Plan there shall be a 100% vesting and nonforfeitability of all rights and benefits under this Trust and Plan irrespective of the length of participation under the Plan.
However, the Trust shall remain in existence, and all of the provisions of the Trust shall remain in force, which are necessary in the sole opinion of the Trustees other than the provisions relating to Employer and Employee contributions. All of the
assets on hand on the date specified in such resolution shall be held, administered and distributed by the Trustees in the manner provided in the Plan, except that a Participant shall have a 100% vested and nonforfeitable interest in his or her
Accounts, subject to Section 18.05. 
 Subject to Section 18.05, any other remaining assets of the Trust Fund shall
also be vested in Participants on a pro rata basis based on their respective Accrued Benefit in relation to the aggregate of the Accrued Benefits of all Participants. In the event of a partial termination of Plan, this section will only apply to
those Participants who are affected by such partial termination of Plan. In the event that the Board of Directors of the Employer shall decide to terminate completely the Plan and Trust, they shall be terminated as of a date to be specified in
certified copies of its resolution to be delivered to the Trustees. Upon termination of the Plan and Trust, after payment of all expenses and proportional adjustment of Participants’ Accounts to reflect such expenses, fund profits or losses and
reallocations to the date of termination, each Participant shall be entitled to receive in cash any amounts then credited to his or her Participants’ Accounts. 
  

	18.03  	Discontinuance of Contributions. In the event that the Employer shall completely discontinue its contributions, each Participant or Beneficiary of a Participant
affected shall be fully vested in any values credited to his or her Participant’s Accounts. All of the assets on hand on the date contributions are discontinued shall be held, administered and distributed by the Trustees in the manner provided
in the Plan. 

  

	18.04  	Merger and Consolidation of Plan, Transfer of Plan Assets or Liabilities. In the case of any merger, consolidation with or transfer of assets or liabilities by
the Employer to another plan, each Participant in the Plan on the date of the transaction shall have a benefit in the surviving plan (determined as if such plan were terminated immediately after the transaction) at least equal to the benefit to
which he or she would have been entitled to receive immediately prior to the transaction if the plan had then terminated. 

  
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	18.05  	Return of Employer Contributions Under Special Circumstances. Notwithstanding any provisions of this Plan to the contrary: 

 

	 	(a)	Any monies or other Plan assets held in Trust by the Trustee attributable to any contributions made to this Plan by the Employer because of a mistake of fact may be
returned to the Employer within one year after the date of contribution. 

  

	 	(b)	Any monies or other Plan assets held in Trust by the Trustee attributable to any contribution made by the Employer which is conditional on the initial qualification of
the Plan, as amended, under the Internal Revenue Code may be refunded to the Employer; provided that: 

  

	 	(i)	the Plan amendment is submitted to the Internal Revenue Service for qualification within one year from the date the amendment is adopted, and 

 

	 	(ii)	Such contribution that was made conditioned upon Plan requalification is returned to the Employer within one year after the date the Plan’s requalification is
denied. 

  

	 	(c)	Any monies or other Plan assets held in Trust by the Trustee attributable to any contribution made by the Employer which is conditional on the deductibility of such
contribution may be refunded to the Employer, to the extent the deduction is disallowed under Section 404 of the Code, within one year after the date of such disallowance. 

ARTICLE XIX 

MISCELLANEOUS 
  

	19.01  	Protection of Employee Interest. No Participant, Beneficiary or other person, including alternate payees entitled to benefits pursuant to a Qualified Domestic
Relations Order, shall have the right to assign, pledge, alienate or convey any right, benefit or payment to which he or she shall be entitled in accordance with the provisions of the Plan, and any such attempted assignment, pledge, alienation or
conveyance shall be null and void and of no effect. To the extent permitted by law, none of the benefits, payments, proceeds or rights herein created and provided for shall in any way be subject to any debts, contracts or engagements of any
Participant, Beneficiary, alternate payee or other person entitled to benefits hereunder, nor to any suits, actions or other judicial process to levy upon or attach the same for the payment thereof. Provided, however, that this
provision does not preclude the Plan Administrator from complying with the terms of a Qualified Domestic Relations Order. 

 If any Participant shall attempt to alienate or assign his or her interest provided by the Plan, the Plan Administrator shall take such steps as it deems necessary to preserve such interest for the
benefit of the Participant or his or her Beneficiary. 

  
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 Notwithstanding anything in this Section or Plan to the contrary, the Plan Administrator
(i) shall comply with the terms of any Qualified Domestic Relations Order, as described in Section 414(p) of the Internal Revenue Code entered on or after January 1, 1985, and (ii) shall comply with the terms of any domestic
relations order entered before January 1, 1985 if the Administrator is paying benefits pursuant to such order on such date. 
  

	19.02  	USERRA Compliance. For Plan Years beginning on or after January 1, 2006, notwithstanding any provisions of this Plan to the contrary, contributions,
benefits and service credit with respect to qualified military service will be provided in accordance with the rules and requirements of the Uniformed Services Employment and Reemployment Rights Act of 1994 and Section 414(u) of the Code.

  

	19.03  	Amendment to Vesting Schedule. No amendment to the Plan vesting schedule shall deprive a Participant of his or her nonforfeitable rights to benefits accrued to
the date of the amendment. Further, if the vesting schedule of the Plan is amended, or the Plan is amended in any way that directly or indirectly affects the computation of a Participant’s nonforfeitable percentage, each Participant with at
least 3 Years of Service with the Employer may elect, within a reasonable period after the adoption of the amendment, to have his or her nonforfeitable percentage computed under the Plan without regard to such amendment. The period during which the
election may be made shall commence with the date the amendment is adopted and shall end on the latest of: 

  

	 	(i)	60 days after the amendment is adopted; 

  

	 	(ii)	60 days after the amendment becomes effective; or 

  

	 	(iii)	60 days after the Participant is issued written notice of the amendment by the Employer or Plan Administrator. 

 

	19.04  	Meaning of Words Used in Plan. Wherever any words are used herein in the masculine gender, they shall be construed as though they were also used in the feminine
or neuter gender in all cases where they would so apply. Wherever any words are used herein in the singular form, they shall be construed as though they were also used in the plural form in all cases where they would so apply.

 Titles used herein are for general information only and this Plan is not to be construed by reference thereto.

  

	19.05  	Plan Does Not Create Nor Modify Employment Rights. The Plan and Trust shall not be construed as creating or modifying any contracts of employment between the
Employer and any Participant. All Employees of the Employer shall be subject to discharge to the same extent that they would have been if the Plan and Trust had never been adopted. 

  
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	19.06  	Massachusetts Law Controls. This Plan shall be governed by the laws of the Commonwealth of Massachusetts to the extent that they are not pre-empted by the laws of the United States of America. 

  

	19.07  	Payments to Come from Trust Fund. All benefits and amounts payable under the Plan or Trust Indenture shall be paid or provided for solely from the Trust Fund,
and neither the Employer nor the Plan Administrator assumes any liability or responsibility therefor. 

  

	19.08  	Receipt and Release for Payments. Any payment to any Participant, his or her legal representative, Beneficiary, or to any guardian or committee appointed for
such Participant or Beneficiary in accordance with the provisions of this Plan and Trust, shall, to the extent thereof, be in full satisfaction of all claims hereunder against the Trustee and the Employer, any of whom may require such Participant,
legal representative, Beneficiary, guardian, custodian or committee, as a condition precedent to such payment, to execute a receipt and release thereof in such form as shall be determined by the Trustee or Employer. 

 

	19.09  	Electronic Communications. Effective for Plan Years beginning on or after January 1, 2007, any electronic communications made by the Plan to
Participants in regards to eligible rollover distribution tax notices, Participant consents to distributions, and tax withholding notices shall comply with the requirements contained in Treasury Regulation
Section 1.401(a)-21, in addition to all otherwise applicable requirements relating to the specific communication. 

 

	19.10  	Plan Interpretation. If, due to errors in drafting, any Plan provision does not accurately reflect its intended meaning, as demonstrated by consistent
interpretations or other evidence of intent, or as determined by the Plan Administrator in its sole and exclusive judgment, the provision shall be considered ambiguous and shall be interpreted by all Plan fiduciaries in a fashion consistent with its
intent, as determined by the Employer in its sole discretion. The Employer shall amend the Plan retroactively to cure any such ambiguity. This section may not be invoked by any person to require the Plan to be interpreted in a manner that is
inconsistent with its interpretation by Plan fiduciaries. 

 EXECUTED, this 21st day of December, 2011. 

 

			
	The Hanover Insurance Company
		
	By:	 	/s/ Lorna Stearns
		 	Lorna D. Stearns, Vice President

  
 88 

 APPENDIX A 
 Special provisions applicable to Employees formerly employed by One Beacon Insurance Group, LTD. or a business entity affiliated with One Beacon Insurance Group, LTD. 

Notwithstanding anything elsewhere in the Plan to the contrary, the following special rules shall apply to each person (i) who became employed by
the Employer on or after December 3, 2009, in connection with the transactions contemplated by the Renewal Rights and Asset Purchase Agreement dated December 3, 2009 by and among The Hanover Insurance Company, The Hanover Insurance Group,
Inc., One Beacon Insurance Group, LTD. and certain business entities affiliated with One Beacon Insurance Group, LTD. and (ii) who was employed by One Beacon Insurance Group, LTD. or a business entity affiliated with One Beacon Insurance Group,
LTD. immediately before being employed by the Employer: 
  

	1.	For the purposes of vesting, each such person shall be given a past service credit under the Plan for his or her period of employment with One Beacon Insurance Group,
LTD. or any business entity affiliated with One Beacon Insurance Group, LTD. from his most recent date of hire as shown on records furnished to the Employer to and including the date on which such person became employed by the Employer to the same
extent as though such period were a period of employment with the Employer. 

  

	2.	Any compensation paid to any such person by One Beacon Insurance Group, LTD. or a business entity affiliated with One Beacon Insurance Group, LTD. prior to the date on
which such person became employed by the Employer shall NOT be taken into account for the purposes of this Plan. 

  
 89 

 APPENDIX B 
 Special provisions applicable to Employees formerly employed by (i) Campania Holding Company, Inc. or its direct or indirect subsidiaries (“Campania”); (ii) Benchmark Professional
Insurance Services, Inc. or its direct or indirect subsidiaries (“Benchmark”); or (iii) Insurance Company of the West or its direct or indirect subsidiaries (“ICW”). 
 Notwithstanding anything elsewhere in the Plan to the contrary, the following special rules shall apply to each person who became employed by the Employer: 

 

	 	•	 	 On or about January 15, 2010, in connection with the transactions contemplated by the Stock Purchase Agreement by and among The Hanover Insurance
Group, Inc., Richard J. O’Gorman, Katherine Dimitrakopoulos and Benchmark Professional Insurance Services, Inc. dated January 15, 2010, and who was employed by Benchmark immediately before being employed by the Employer;

  

	 	•	 	 On about March 31, 2010, in connection with the transactions contemplated by the Stock Purchase Agreement by and among The Hanover Insurance
Group, Inc., Iona LLC, Campania Holding Company, Inc. and the Principal Members of Iona, LLC, dated January 15, 2010, and who was employed by Campania immediately before being employed by the Employer; or 

 

	 	•	 	 On or after July 8, 2010, in connection with the transactions contemplated by Surety Business Transition Agreement by and among Insurance Company
of the West, certain of its insurance company subsidiaries and The Hanover Insurance Company dated July 8, 2010, and who was employed by ICW immediately before being employed by the Employer. 

 

	1.	For the purposes of vesting, each such person shall be given a past service credit under the Plan for his or her period of employment with, as applicable, Campania,
Benchmark or ICW, that immediately preceded his or her employment with the Employer, from his or her most recent date of hire as shown on records furnished to the Employer to and including the date on which such person became employed by the
Employer to the same extent as though such period were a period of employment with the Employer. 

  

	2.	Any compensation paid to any such person by, as applicable, Campania, Benchmark or ICW prior to the date on which such person became employed by the Employer shall NOT
be taken into account for the purposes of this Plan. 

  
 90 

 APPENDIX C 
 Special provisions applicable to Employees formerly employed by (i) Professionals Direct, Inc. or its direct or indirect subsidiaries (“PDI”); (ii) Verlan Holdings, Inc. or its direct
or indirect subsidiaries (“Verlan”); or (iii) AIX Holdings, Inc. or its direct or indirect subsidiaries (“AIX”). 
  

	(a)	PDI 

 Pursuant to a certain
Agreement and Plan of Merger by and among Professionals Direct, Inc., Hanover Acquisition Corp. and The Hanover Insurance Group, Inc. dated June 25, 2007, on September 14, 2007 (the “PDI Closing Date”), an Affiliate of the
Employer acquired Professionals Direct, Inc. and its subsidiaries. Employees of PDI who continued to be employed by PDI after the PDI Closing Date (“PDI Closing Hires”) remained employees of PDI (now an Affiliate of Employer) on a separate
PDI payroll up to and through December 31, 2007 (the “PDI Transition Period”) when their employment was transferred from PDI to the Employer. 
  

	 	(1)	Notwithstanding anything elsewhere in the Plan to the contrary, the following special rules shall apply to PDI Closing Hires: 

 

	 	(i)	PDI Closing Hires shall be eligible to participate in the Plan, subject to its provisions, effective as of the PDI Closing Date and to the same extent that such
employees would otherwise have been eligible to participate in the Plan had such PDI Closing Hires commenced employment with the Employer on the PDI Closing Date. 

 

	 	(ii)	For the purposes of vesting, each such person shall be given a past service credit under the Plan for his or her period of employment with PDI that immediately preceded
his or her employment with the Employer, from his or her most recent date of hire as shown on records furnished to the Employer to and including the date on which such person became employed by the Employer (or if terminated during the PDI
Transition Period, until the date of termination) to the same extent as though such period were a period of employment with the Employer. 

  

	 	(iii)	Any compensation paid to any such person by PDI prior to the PDI Closing Date shall NOT be taken into account for the purposes of this Plan. 

  
 91 

	(b)	Verlan 

  

	 	(1)	Notwithstanding anything elsewhere in the Plan to the contrary, the following special rules shall apply to each person who became employed by the Employer effective on
or about March 14, 2008, in connection with the transactions contemplated by the Agreement and Plan of Merger by and among The Hanover Insurance Group, Inc., Northdale Acquisition Corp. and Verlan Holdings, Inc. dated January 10, 2008, and
who was employed by Verlan immediately before being employed by the Employer; 

  

	 	(i)	For the purposes of vesting, each such person shall be given a past service credit under the Plan for his or her period of employment with Verlan that immediately
preceded his or her employment with the Employer, from his or her most recent date of hire as shown on records furnished to the Employer to and including the date on which such person became employed by the Employer to the same extent as though such
period were a period of employment with the Employer. 

  

	 	(ii)	Any compensation paid to any such person by Verlan prior to the date on which such person became employed by the Employer shall NOT be taken into account for the
purposes of this Plan. 

  

	(c)	AIX 

 Pursuant to a certain Stock
Purchase Agreement by and among AIX Holdings, Inc., certain of its shareholders and The Hanover Insurance Group, Inc. dated August 5, 2008, on November 28, 2008 (the “AIX Closing Date”), an Affiliate of the Employer acquired AIX
Holdings, Inc. and its subsidiaries. Employees of AIX who continued to be employed by AIX after the AIX Closing Date (“AIX Closing Hires”) remained employees of AIX (now an Affiliate of Employer) on a separate AIX payroll up to and through
December 31, 2009 (the “AIX Transition Period”) when the employment of these employees was transferred from AIX to the Employer. Additionally, those employees hired by AIX during the AIX Transition Period (“AIX Transition
Hires”) also remained employees of AIX on a separate AIX payroll until the expiration of the AIX Transition Period when such employees were transferred from AIX to the Employer. 

 

	 	(1)	Notwithstanding anything elsewhere in the Plan to the contrary, the following special rules shall apply to AIX Closing Hires and AIX Transition Hires:

  

	 	(i)	AIX Closing Hires shall be eligible to participate in the Plan, subject to its provisions, effective as of the AIX Closing Date and to the same extent that such
employees would otherwise have been eligible to participate in the Plan had such AIX Closing Hires commenced employment with the Employer on the AIX Closing Date. 

 

	 	(ii)	AIX Transition Hires shall be eligible to participate in the Plan, subject to its provisions, effective as of as their date of hire by AIX and to the same extent that
such employees would otherwise have been eligible to participate in the Plan had such AIX Transition Hires commenced employment with the Employer on their date of hire with AIX. 

  
 92 

	 	(iii)	For the purposes of vesting, each such person shall be given a past service credit under the Plan for his or her period of employment with AIX that immediately preceded
his or her employment with the Employer, from his or her most recent date of hire as shown on records furnished to the Employer to and including the date on which such person became employed by the Employer (or if terminated during the AIX
Transition Period, until the date of termination) to the same extent as though such period were a period of employment with the Employer. 

  

	 	(iv)	Any compensation paid to any such person by AIX prior to the AIX Closing Date shall NOT be taken into account for the purposes of this Plan. 

  
 93 

 THE HANOVER INSURANCE GROUP 

RETIREMENT SAVINGS PLAN 
 AMENDMENT 
 To the Restatement Generally Effective January 1, 2010

 THIS AMENDMENT is executed by The Hanover Insurance Company, a New Hampshire corporation (the “Company”).

 WHEREAS, the most recent restatement of The Hanover Insurance Group Retirement Savings Plan (the “Plan”) is
effective January 1, 2010; and 
 WHEREAS, the Company has reserved the right to amend the Plan any time under
Section 18.01 of the Plan; and 
 WHEREAS, the Company desires to amend the Plan to, among other things, add a Roth
feature to the Plan effective January 1, 2011. 
 NOW, THEREFORE, the Plan is amended effective as of
January 1, 2011 except as otherwise specified, as follows: 
 Insert the following new paragraph at the end of Section 1.03 of the
Plan: 
 “Notwithstanding any other provision of this Plan to the contrary, the Effective Date of the provisions of this
Plan that relate to Roth Elective Deferrals is January 1, 2011.” 
 Delete the definition of the term “Accrued Benefit” in
Article II of the Plan in its entirety and insert the following new definition in lieu thereof: 
 “‘Accrued
Benefit’ shall mean the sum of the balances in a Participant’s 401(k) Account, Roth Elective Deferral Account, Match Contribution Account, Non-Elective Employer Contribution Account, Regular Account,
Rollover Account, Tax Deductible Contribution Account and Voluntary Contribution Account.” 
 Delete the definition of the term
“Automatic Contributions” in Article II of the Plan in its entirety and insert the following new definition in lieu thereof: 
 “‘Automatic Contributions’ shall mean the Pre-tax Elective Deferrals that result from the operation of this Section 5.05(c) of the Plan.”

  
 94 

 Delete the definition of the term “Automatic Contribution Arrangement” in Article II of the Plan
in its entirety and insert the following new definition in lieu thereof: 
 “‘Automatic Contribution Arrangement’
shall mean the arrangement set forth in Section 5.05 of the Plan pursuant to which, in the absence of an Affirmative Election, an Employee, who is eligible to participate in the Plan is treated as having elected to direct the Employer to reduce
his or her Compensation in order that the Employer may make Pre-tax Elective Deferrals to the Plan on behalf of the Participant equal to a uniform percentage of Compensation.” 

Delete subparagraph (i) in the second paragraph of Section 2.11(a) of the Plan in its entirety and insert the following new definition in lieu
thereof: 
  

	 	“(i)	incentive compensation paid to Participants pursuant to the Employer’s Executive Long Term Performance Unit Plan or pursuant to any similar or successor cash or
equity long-term incentive compensation plan;” 

 Delete the last sentence of the first paragraph of Section 2.11(b) of
the Plan in its entirety and insert the following new definition in lieu thereof: 
 “Notwithstanding the foregoing,
Compensation for purposes of the Plan shall also include Employee elective deferrals under Code Section 402(g)(3), Roth Elective Deferrals and any amounts contributed or deferred by the Employer at the election of the Employee and not
includible in the gross income of the Employee, by reason of Code Sections 125, 132(f)(4), 402(e)(3), 402(h), and 403(b).” 
 Delete
paragraph (d)(ii) of Section 2.11 of the Plan in its entirety and insert the following new definition in lieu thereof: 
  

	 	“(ii)	Differential Wage Payments. For years beginning after December 31, 2008, (i) an individual receiving a differential wage payment, as defined by
Code Section 3401(h)(2), shall be treated as an Employee of the Employer making the payment, (ii) the differential wage payment shall be treated as Compensation for the purposes of Code Section 415(c)(3) and Treasury Regulation
section 1.415(c)-2 (e.g., for the purposes of Code Section 415, top-heavy provisions of Code Section 416, determination of highly compensated employees under
Code Section 414(q)), and (iii) the Plan shall not be treated as failing to meet the requirements of any provision described in Code Section 414(u)(1)(C) by reason of any contribution or benefit which is based on the differential wage
payment. Subparagraph (iii) of the foregoing sentence shall apply only if all Employees of the Employer performing service in the uniformed services described in Code Section 3401(h)(2)(A) are entitled to receive differential wage payments
(as defined in Code Section 3401(h)(2)) on reasonably equivalent terms and, if eligible to participate in a retirement plan maintained by the Employer, to make contributions based on the payments on reasonably equivalent terms (taking into
account Code Sections 410(b)(3), (4), and (5)).” 

  
 95 

 Delete the definition of the term “Employee” in Article II of the Plan in its entirety and insert
the following new definition in lieu thereof: 
 “‘Employee’ shall mean any person reported on the payroll records
of the Employer as an Employee who is deemed by the Employer to be a common law Employee. However, the term Employee will not include any individual who is not reported on the payroll records of the Employer or an affiliated Employer as a common law
Employee. If such person is later determined by the Employer or by a court or governmental agency to be or to have been an Employee, he or she will only be eligible for participation prospectively and may participate in the Plan as of the next entry
date following such determination and after the satisfaction of all other eligibility requirements” 
 Delete definition of the term
“401(k) Account” in Article II of the Plan in its entirety and insert the following new definition in lieu thereof: 

“‘401(k) Account’ shall mean the account established and maintained for each Participant who has directed the Employer to
make Pre-tax Elective Deferral Contributions to the Trust on his or her behalf or for whom the Employer has made 401(k) Employer Contributions to the Trust on his or her behalf, and all earnings and
appreciation thereon, less any withdrawals therefrom and any losses and expenses charged thereto.” 
 Insert the following new definitions
in Article II of the Plan: 
 “‘Pre-tax Elective Deferral’ shall mean a
Salary Reduction Contribution that is not includible in the gross income of the Eligible Employee on whose behalf the contribution is made at the time that the deferral is made. 

‘Roth Elective Deferral’ shall mean a Salary Reduction Contribution that has been irrevocably designated as Roth Elective
Deferral by the Participant in his or her Salary Reduction Agreement and that is includible in the Participant’s gross income for tax purposes at the time the deferral is made pursuant to Code Section 402A and any applicable guidance or
regulations issued thereunder. Roth Elective Deferrals may be treated as Catch-Up Contributions. Roth Elective Deferrals shall be maintained in a separate account for each Participant who has directed the
Employer to make a Roth Elective Deferral to the Trust. 
 ‘Roth Elective Deferral Account’ shall mean the separate
account established and maintained for each Participant who has directed the Employer to make a Roth Elective Deferrals to the Trust on his or her behalf to record the contribution and withdrawal of a Participant’s Roth Elective Deferrals and
other adjustments as required by the Plan. No contributions other than designated Roth Elective Deferrals and direct rollover contributions described in Code Section 402A(c)(3) may be allocated to a Roth Elective Deferral Account.”

  
 96 

 Delete definition of the term “Salary Reduction Agreement” in Article II of the Plan in its
entirety and insert the following new definition in lieu thereof: 
 “‘Salary Reduction Agreement’ shall mean an
agreement between the Employer and an Eligible Employee as set forth in Sections 3.01(b) and 5.04 of the Plan pursuant to which the Eligible Employee authorizes the Employer to withhold a specified percentage of his or her Compensation (otherwise
payable in cash) for deposit to the Plan on behalf of such Employee.” 
 Delete definition of the term “Salary Reduction
Contribution” in Article II of the Plan in its entirety and insert the following new definition in lieu thereof: 

“‘Salary Reduction Contribution’ shall mean the Pre-tax Elective Deferrals and or
Roth Elective Deferrals made by the Employer to the Trust on behalf of an Eligible Employee pursuant to a Salary Reduction Agreement and in accordance with Section 5.04 of the Plan and or an Automatic Contribution made by the Employer on behalf
of an Eligible Participant pursuant to the Automatic Contribution Arrangement provisions of Section 5.05 of the Plan. 

With respect to any Plan Year the total amount of a Participant’s Salary Reduction Contributions is the sum of all employer
contributions made on behalf of such Participant pursuant to a deferral under any qualified cash or deferred arrangement as described in Code Section 401(k), any Simplified Employee Pension Plan with a cash or deferred arrangement as described
in Code Section 408(k)(6), any SIMPLE IRA Plan described in Code Section 408(p), any plan as described under Code Section 501(c)(18), and any Employer contributions made on behalf of a Participant for the purchase of an annuity
contract under Code Section 403(b) pursuant to a Salary Deferral Agreement. 

Pre-tax Elective Deferrals or Roth Elective Deferrals shall not include any deferrals properly
distributed as Excess Annual Additions.” 
 Delete the second paragraph of Section 4.01 of the Plan in its entirety and insert the
following new paragraph in lieu thereof: 
 “Salary Reduction Contributions, including
Catch-up Contributions described in Code Section 414(v), shall be allocated, as applicable, to a Participant’s 401(k) Account and or Roth Elective Deferral Account as soon as administratively
feasible after being withheld from the Participant’s Compensation at the earliest date on which such contributions can reasonably be segregated from the Employer’s general assets but no later than by the 15th business day of the month
following the month in which the Salary Reduction Contributions would have otherwise been payable to the Participant.” 
 Delete section
4.04(b) of the Plan in its entirety and insert the following new paragraph in lieu thereof: 
  

	 	“(b)	For purposes of the minimum allocations set forth above, the percentage allocated to the Accounts of any Key Employee shall be equal to the ratio of the sum of the
Employer Contributions allocated on behalf of such Key Employee divided by the Employee’s Compensation for the Plan Year (as defined for purposes of Article VII), not in excess of the applicable compensation dollar limitation imposed by Code
Section 401(a)(17).” 

  
 97 

 Insert the following new paragraph at the end of Section 5.03 of the Plan: 

“Effective on and after January 1, 2011 the Plan shall accept a direct rollover from another Roth Elective Deferral Account
under a retirement plan as described in Code Section 402A(e)(1) in accordance with such uniform administrative procedures as the Plan Administrator shall establish. Notwithstanding the foregoing sentence, an
in-plan Roth rollover shall not be permitted under this Plan. Any rollover of “designated Roth contributions”, as defined in Subsection 6.01(e), shall be subject to the requirements of Code
Section 402(c). To the extent the Plan accepts Rollover Contributions of designated Roth contributions, the Plan will separately account for such contributions, including separate accounting for the portion of the Rollover Contribution that is
includible in gross income and the portion that is not includible in gross income, if applicable. If the Plan accepts a direct rollover of designated Roth contributions, the Trustee and the Plan Administrator shall be entitled to rely on a statement
from the distributing plan’s administrator identifying (i) the Eligible Employee’s basis in the rolled over amounts and (ii) the date on which the Eligible Employee’s 5-taxable-year
period of participation (as required under Code Section 402A(d)(2) for a qualified distribution of designated Roth contributions) started under the distributing plan. If the 5-taxable-year period of
participation under the distributing plan would end sooner than the Eligible Employee’s 5-taxable-year period of participation under the Plan, the 5-taxable-year
period of participation applicable under the distributing plan shall continue to apply with respect to the Rollover Contribution.” 

Delete Section 5.04(a) of the Plan in its entirety and insert the following two paragraphs in lieu thereof: 

 

	 	“(a)	An Employee who is eligible to participate in the Plan may enter into a Salary Reduction Agreement with the Employer authorizing the Employer to withhold a portion of
such Participant’s Compensation in order to make Salary Reduction Contributions to the Plan, including Catch-up Contributions. The Salary Reduction Agreement shall be made in a form approved by the Plan
Administrator (including, if applicable, by means of telephone, computer, or other paperless media). The Compensation of any Eligible Employee electing to make a Salary Reduction Contribution shall be reduced by the whole percentage requested by the
Employee; provided, however, that the Plan Administrator shall identify the maximum whole percentage on an annual basis. Any Salary Reduction Agreement shall become effective as soon as administratively feasible after the Employee
elects to have his or her Compensation reduced. For Plan Years beginning on or after January 1, 2006, except for occasional, bona fide administrative considerations, Salary Reduction Contributions made pursuant to a Salary Reduction Agreement
cannot precede the earlier of (1) the performance of services relating to the contribution and (2) when the compensation that is subject to the election would be currently available to the Participant in the absence of an election to
defer. 

  
 98 

 Any such Salary Reduction Contribution shall be credited to the Participant’s 401(k)
Account or Roth Elective Deferral account, whichever is applicable. A Participant may terminate deferrals at any time. A Participant may elect at any time to change or discontinue his or her Salary Reduction Agreement upon notice in accordance with
uniform and nondiscriminatory procedures as the Plan Administrator shall adopt and communicate to the Participants. Any such election will be effective as soon as practicable following the receipt of the notification by the Plan Administrator or its
delegate in accordance with uniform and nondiscriminatory procedures established and communicated to the Participants. The Plan Administrator may amend or terminate said agreement on notice to the affected Participant, if required to maintain the
qualified status of the Plan.” 
 Delete the second paragraph of Section 5.04(b) of the Plan in its entirety and insert the following
new paragraph in lieu thereof: 
  

	 	“(b)	For Plan Years beginning prior to January 1, 2009, “make-up” Salary Reduction Contributions made by reason of an
Eligible Employee’s qualified military service under Code section 414(u) shall not be taken into account for any year when calculating an employee’s Actual Deferral Percentage (under Section 9.01(a)) as provided for in Treasury
Regulation section 1.401(k)-2(a)(5)(v) and Match Contributions thereon shall not be taken into account for any year when calculating an employee’s Average Contribution Percentage (under Section 10.01(a)) as provided for in Treasury
Regulation section 1.401(m)-2(a)(5)(vi).” 

 Delete Section 5.05(c)(i) of the Plan in its entirety and insert the
following new section in lieu thereof: 
  

	 	“(i)	Automatic Contributions. Except as provided in Section 5.05(d) of the Plan, an Eligible Participant will be treated as having elected to direct the Employer
to reduce his or her Compensation in order that the Employer may make Pre-tax Elective Deferrals to the Plan equal to the following uniform percentages of Compensation: 

 

	 	A.	Initial Period. An Eligible Participant will be treated as having elected to have the Employer make Pre-tax Elective
Deferrals to the Plan in an amount equal to 3% of his or her Compensation during the initial period. For this purpose, the initial period begins when the Employee is first subject to the Automatic Contributions default election under this
Section 5.05(c)(i) and ends on the last day of the following Plan Year. 

  
 99 

	 	B.	Subsequent Plan Years. For the three Plan Years immediately following the initial period, an Eligible Participant will be treated as having elected to have the
Employer make Pre-tax Elective Deferrals to the Plan in the amounts equal to 4%, 5% and 6% respectively, of his or her Compensation. For all Plan Years thereafter, an Eligible Participant will be treated as
having elected to have the Employer make Pre-tax Elective Deferrals to the Plan in the amounts equal to 6% of his or her Compensation. 

 

	 	C.	Treatment of Rehires. The default percentages of Compensation stated above for the purposes of the Automatic Contributions are based on the date the initial
period begins, regardless of whether the Employee continues to be eligible to make Pre-tax Elective Deferrals under the Plan after that date. Thus, the applicable percentage is generally determined based on
the number of years since an Automatic Contribution was first made on behalf of an Eligible Participant. However, if Automatic Contributions are not made on behalf of an Eligible Participant for an entire Plan Year (e.g., due to termination of
employment), such Eligible Participant shall be treated as having a new initial period for determining the default percentage of Compensation stated above (if Automatic Contributions are to recommence with respect to the Eligible Participant),
regardless of what minimum percentage would otherwise apply to that Eligible Participant.” 

 Delete the first sentence of
Section 7.12 of the Plan in its entirety and insert the following new sentence in lieu thereof: 
 “The sum of the
following amounts credited to a Participant’s Accounts for the Limitation Year except as otherwise provided below: 
  

	 	(i)	Employer contributions; 

  

	 	(ii)	Employee contributions; 

  

	 	(iii)	forfeitures; and 

  

	 	(iv)	allocations under a simplified employee pension.” 

 Delete the last paragraph of Section 7.12 of the Plan in its entirety and insert the following new paragraph in lieu thereof: 
 “Other Amounts. Annual Additions shall not include: (1) The direct transfer of a benefit or employee contributions from a qualified plan to this Plan; (2) Rollover contributions (as
described in Code Section 401(a)(31), 402(c)(1), 403(a)(4), 403(b)(8), 408(d)(3), and 457(e)(16)); (3) Repayments of loans made to a Participant from the Plan; (4) Catch-up Contributions; and
(5) Repayments of amounts described in Code Section 411(a)(7)(B) (in accordance with Code Section 411(a)(7)(C)) and Code Section 411(a)(3)(D), as well as Employer restorations of benefits that are required pursuant to such
repayments, as provide for in Plan Section 13.11.” 

  
 100

 Delete the first paragraph of Section 8.01 of the Plan in its entirety and insert the following new
paragraph in lieu thereof: 
 “The Plan Administrator or its agent shall establish a separate recordkeeping account for each
Participant showing the fair market value of his or her Plan benefits. Each Participant’s account may be separated for recordkeeping purposes into the following sub-accounts: 401(k) Account, Roth Elective
Deferral Account, Match Contribution Account, Non-Elective Employer Contribution Account, Regular Account, Rollover Account, Tax Deductible Contribution Account and Voluntary Contribution Account and such
other accounts as the Plan Administrator shall deem appropriate for each Participant to account for the Participant’s Accrued Benefit. All contributions by or on behalf of a Participant shall be deposited to the appropriate Account.”

 Add the following new sentence at the end of Section 9.01(d) of the Plan: 

“Excess Elective Deferrals shall be treated as Annual Additions under the Plan, unless such amounts are distributed no later than the
first April 15 following the close of the Participant’s taxable year. Distribution of Excess Elective Deferrals for a year shall be made first from the Participant’s 401(k) Account to the extent that
Pre-tax Elective Deferrals were made for the year.” 
 Add the following new paragraph after the
first paragraph of Section 9.08 of the Plan: 
 “The Plan Administrator may adopt a uniform written administrative
policy that permits a Participant (including a Highly Compensated Employee) who has made Salary Reduction Contributions for a year where such contributions include both pre-tax Elective Deferrals and Roth
Elective Deferrals to elect whether the Excess Elective Deferrals, are to be attributed to Pre-tax Elective Deferrals or Roth Elective Deferrals or a combination of the two. In the event that no such
administrative policy is adopted, Excess Elective Deferrals will be first attributed to Pre-tax Elective Deferrals, and if such pre-tax contributions are not in an
amount sufficient to make full correction, will then be attributed to Roth Elective Deferrals.” 
 Delete the title and first sentence of
Section 11.02 of the Plan in their entirety and insert the following new title and new first sentence in lieu thereof: 
 “11.02 Withdrawals from Match Contribution, 401(k) Account, Roth Elective Deferral Account, and Non-Elective Employer Contribution Accounts. At any time
after a Participant attains Age
59 1/2 or is Totally and Permanently Disabled, a Participant shall have the right to request the Plan Administrator for a withdrawal in cash of amounts from the vested portion of his or her Match Contribution,
401(k) Account, or Roth Elective Deferral Account.” 

  
 101

 Delete the sentence in the first paragraph of Section 11.02 of the Plan beginning “For Plan Years
beginning after 1988...” in its entirety and insert the following new sentence in lieu thereof: 
 “For Plan Years
beginning after 1988, an Employee shall have the right at any time to request the Plan Administrator for a withdrawal in cash of Salary Reduction Contributions, with earnings accrued thereon as of December 31, 1988 for “financial
hardship”.” 
 Delete the paragraph in Section 11.02 of the Plan beginning “The processing of applications and any
distributions of amounts under this Section...” and insert the following new paragraph in lieu thereof: 
 “The
processing of applications and any distributions of amounts under this Section shall be made as soon as administratively feasible. The amount of a distribution based upon “financial hardship,” less any income and penalty taxes, cannot
exceed the amount required to meet the immediate financial need created by the hardship and not reasonably available from other resources of the Employee.” 
 Delete the paragraph in Section 11.02 of the Plan beginning “In determining whether a hardship distribution is permissible the following special rules shall apply...” and insert the
following new paragraph in lieu thereof: 
 “In determining whether a hardship distribution is permissible the following
special rules shall apply: 
  

	 	(i)	The following are the only financial needs considered immediate and heavy:’ 

 

	 	A.	Expenses incurred or necessary for medical care that would be deductible under Code Section 213(d) (determined without regard to whether the expenses exceed 7.5%
of adjusted gross income) of the Employee, his or her spouse, children and other dependents; 

  

	 	B.	The cost directly related to the purchase (excluding mortgage payments) of the principal residence of the Employee; 

 

	 	C.	Payment of tuition and related educational expenses (including but not limited to expenses associated with room and board) for up to the next twelve (12) months of
post-secondary education for the Employee, his or her spouse, children or other dependents as defined in Code Section 152, without regard to Code Sections 152(b)(1), (b)(2) and (d)(1)(B); 

  
 102

	 	D.	The need to prevent eviction of the Employee, from, or a foreclosure on the mortgage of, the Employee’s principal residence; 

 

	 	E.	Effective for the Plan Years commencing on and after January 1, 2012, payments for burial or funeral expenses for the Employee’s deceased parent, spouse,
child or dependent as defined in Code Section 152 without regard to Code Section 152(d)(1)(B); or 

  

	 	F.	Effective for the Plan Years commencing on and after January 1, 2012, expenses for the repair of damage to the Employee’s principal residence that would
qualify for the casualty deduction under Code Section 165 (determined without regard to whether the loss exceeds 10% of adjusted gross income). 

  

	 	(ii)	A distribution will be considered as necessary to satisfy an immediate and heavy financial need of the Employee only if: 

 

	 	A.	The Employee has obtained all distributions, other than hardship distributions, and all nontaxable loans under all plans maintained by the Employer;

  

	 	B.	All plans maintained by the Employer provide that the Employee’s Salary Reduction Contributions (and any other Employee contributions) will be suspended for six
months (twelve months for hardship distributions made prior to January 1, 2002) after the receipt of the hardship distribution; provided that in the case of any Employee who has made an Affirmative Election, Salary Reduction Contributions, if
any, under such an election shall resume at the end of such suspension period and provided further that in the case of an Eligible Participant who has not made an Affirmative Election, Automatic Contributions shall resume at the end of such
suspension period subject to the provisions of Section 5.05 of the Plan. 

  

	 	C.	The distribution, less any income and penalty taxes, is not in excess of the amount of an immediate and heavy financial need; and 

 

	 	D.	In addition for hardship distributions made before 2002, all plans maintained by the Employer provide that the Employee may not make Salary Reduction Contributions for
the Employee’s taxable year immediately following the taxable year of the hardship distribution in excess of the applicable limit under Section 402(g)(1) of the Code for such taxable year less the amount of such Salary Reduction
Contributions for the taxable year of the hardship distribution.” 

  
 103

 Delete the first sentence of Section 11.04 of the Plan in its entirety and insert the following new
sentence in lieu thereof: 
 “The Plan Administrator may impose a dollar minimum for partial withdrawals and may implement
on a uniform and nondiscriminatory basis, an ordering rule for in-service withdrawals from a Participant’s Account.” 
 Delete the fifth paragraph of Section 12.01 of the Plan in its entirety and insert the following new paragraph in lieu thereof: 

“If the Plan Administrator approves a request for a loan, funds shall be withdrawn from the recordkeeping sub-accounts, including Roth Elective Deferrals, in the order specified in the loan policy provided that Tax Deductible Voluntary Contributions, plus earnings thereon, may not be used as security for Plan
loans.” 
 Add the following new sentence at the end of Section 13.04 of the Plan: 

“Moreover, the Plan will credit the Participant’s qualified military service as service for vesting purposes, as though the
Participant had resumed employment under USERRA immediately prior to the Participant’s death.” 
 Add the following new paragraph at
the end of Section 13.06 of the Plan: 
 “Notwithstanding any provisions of this Plan relating to required minimum
distributions under Code section 401(a)(9), a Participant or Beneficiary who would have been required to receive required minimum distributions for 2009 but for the enactment of section 401(a)(9)(H) of the Code (“2009 RMDs”), and who would
have satisfied that requirement by receiving distributions that are equal to the 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.” 
 Insert the following new sentence immediately after the first sentence of the definition of the term, “eligible rollover distribution” as set forth in Section 13.13 of the Plan: 

“An eligible rollover distribution also does not include: any corrective distributions of Excess Elective Deferrals or Roth Elective
Deferrals under Code Section 402(g), and the income attributable thereto.” 

  
 104

 Delete the definition of the term, “Direct Rollover” as set forth in Section 13.13 of the
Plan in its entirety and insert the following new definition in lieu thereof: 
 “Direct Rollover: A direct rollover is a
payment by the Plan to the eligible retirement plan specified by the distributee. A Direct Rollover of a distribution from a Roth Elective Deferral Account under this Plan will be made to another Roth Elective Deferral Account under an applicable
retirement plan described in Code Section 402A(e)(1) or to a Roth IRA described in Code Section 408A, and only to the extent the rollover is permitted under the rules of Code Section 402(c). 

Notwithstanding the provisions of this Plan relating to required minimum distributions under Code Section 401(a)(9), and solely for
purposes of applying the direct rollover provisions of the Plan, 2009 RMDs (as defined in section 13.06 of the Plan), but only if paid with an additional amount that is an eligible rollover distribution without regard to IRC §401(a)(9)(H), will
be treated as eligible rollover distributions.” 
 Delete the first two paragraphs of Section 13.13(c) of the Plan in their entirety
and insert the following new paragraphs in lieu thereof: 
 “For distributions after June 9, 2009, a non-spouse Beneficiary who is a “designated beneficiary” under Code Section 401(a)(9)(E) and the regulations thereunder, by a direct
trustee-to-trustee transfer (“direct rollover”), may roll over all or any portion of his or her distribution to an individual retirement account or a
individual retirement annuity as defined in Code Section 408(a) and 408(b) or Roth IRA as defined in Code Section 408A. In order to be able to roll over the distribution, the distribution otherwise must satisfy the definition of an
eligible rollover distribution. 
 Although a non-spouse Beneficiary may roll over
directly a distribution as provided above, any distribution made prior to January 1, 2010 is not subject to the direct rollover requirements of Code 401(a)(31) (including Code Section 401(a)(31)(B), the notice requirements of Code
Section 402(f) or the mandatory withholding requirements of Code Section 3405(c)). If a non-spouse Beneficiary receives a distribution from the Plan, the distribution is not eligible for a “60-day” rollover.” 
 Delete the last sentence of the first paragraph of Section 18.02 of
the Plan in its entirety and insert the following new sentence in lieu thereof: 
 “For Plan Years beginning on or after
January 1, 2007, a partial plan termination shall be deemed to have occurred based on the facts and circumstances in existence at the time as required by Section 1.411(d)-2(b)(1) of the Treasury Regulations and Revenue Ruling 2007-43 and upon any such partial termination, the rights of all affected employees to the amounts credited to their accounts shall be non-forfeitable.” 

This Amendment shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this
Amendment and, except as hereby amended; the Plan shall remain in full force and effect. 

  
 105

 IN WITNESS WHEREOF, this Amendment has been executed this 21st day of December, 2011.

  

			
	THE HANOVER INSURANCE COMPANY
		
	By:	 	/s/ Lorna Stearns
		 	Lorna D. Stearns, Vice President

  
 106

 THE HANOVER INSURANCE GROUP, INC. 

RETIREMENT SAVINGS PLAN 
 SECOND AMENDMENT 
 to the Restatement Generally Effective January 1,
2010 
 This Second Amendment is executed by The Hanover Insurance Company, a New Hampshire corporation (the
“Corporation”). 
 WHEREAS, the most recent restatement of the Plan was adopted on December 21, 2010 and was
generally effective January 1, 2010, and such restatement was amended by the adoption of the first Amendment on December 21, 2011; and 
 WHEREAS, the Corporation has reserved the right to amend the Plan any time under Section 19.01 of the Plan; and 
 WHEREAS, the Corporation now desires to amend the Plan. 
 NOW, THEREFORE, the Plan
is amended as follows: 
  

	 	1.	The following new sentence is added immediately following the first sentence of Section 11.02: 

“During the period beginning January 1, 2004 and ending April 27, 2010 and on and after January 10,
2012, a Participant who has attained age 591/2 or is
Totally and Permanently Disabled may also withdraw any part or all of the vested portion of his or her Non-Elective Employer Contribution Account.” 

 

	 	2.	The second paragraph of Section 13.06 is deleted in its entirety and the following new paragraph is inserted in lieu thereof: 

“All distributions under this Plan will be made in accordance with Code section 401(a)(9), including the incidental death benefit
requirements of the Code section, §401 (a)(9)G, regulations §1.401 (a)(9)-2 through §1.401 (a)(9)-9, and any other provisions reflecting Code section 401
(a)(9) that are prescribed in revenue rulings, notices and other guidance published in the Internal Revenue Bulletin. The Plan provisions reflecting Code section 401(a)(9) shall override any distribution options set out in the Plan that are
inconsistent with Code section 401(a)(9).” 
 This Amendment shall supersede the provisions of the Plan to the extent those
provisions are inconsistent with the provisions of this Amendment. Except as amended hereby, the Plan shall remain in full force and effect in accordance with its terms. 
 IN WITNESS WHEREOF, this Second Amendment has been executed this 20th day of June, 2012. 
  

			
	THE HANOVER INSURANCE COMPANY
		
	By:	 	/s/ Lorna D. Stearns
		 	Lorna D. Stearns, Vice President

 THE HANOVER INSURANCE GROUP, INC. 

RETIREMENT SAVINGS PLAN 
 THIRD AMENDMENT 
 to the Restatement Generally Effective January 1,
2010 
 This Third Amendment is executed by The Hanover Insurance Company, a New Hampshire corporation (the
“Corporation”). 
 WHEREAS, the most recent restatement of the Plan was adopted on December 21, 2010 and was
generally effective January 1, 2010, and such restatement was amended by the adoption of the First Amendment on December 21, 2011; and 
 WHEREAS, the a Second Amendment to the most recent restatement of the Plan has been proposed, and such amendment has not been adopted but shall be; and 

WHEREAS, the Corporation has reserved the right to amend the Plan any time under Section 19.01 of the Plan; and 

WHEREAS, the Corporation desires to amend the Plan to provide vesting credits to certain employees of the Corporation whose employment
with the Corporation will be terminated in connection with the sale of Citizen’s Management, Inc. on or about April 30, 2012. 
 NOW, THEREFORE, the Plan is amended as follows: 
 Section 13.01(a) of the
Plan is amended by the addition of the following new sentence at the end of second paragraph Section 13.01(a) of: 

“Notwithstanding the foregoing provisions of this paragraph, the Match Contribution and
Non-Elective Employer Contribution Accounts of each Employee whose employment with The Hanover Insurance Company was terminated in connection with the sale of Citizen’s Management, Inc. on or about
April 30, 2012 shall be 100% vested and nonforfeitable upon his or her termination of employment.” 
 This Amendment
shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this Amendment. Except as amended hereby, the Plan shall remain in full force and effect in accordance with its terms. 

IN WITNESS WHEREOF, this Second Amendment has been executed this 27th day of April, 2012. 

 

			
	THE HANOVER INSURANCE COMPANY
		
	By:	 	/s/ Lorna D. Stearns
		 	Lorna D. Stearns, Vice President

 THE HANOVER INSURANCE GROUP, INC. 

RETIREMENT SAVINGS PLAN 
 FOURTH AMENDMENT 
 to the Restatement Generally Effective January 1, 2010

 This Fourth Amendment is executed by The Hanover Insurance Company, a New Hampshire corporation (the
“Corporation”). 
 WHEREAS, the most recent restatement of the Plan was adopted on December 21, 2010 and was generally
effective on January 1, 2010 and such restatement was amended by the adoption of the First Amendment on December 21, 2011; the Second Amendment on June 20, 2012; and the Third Amendment on April 27, 2012; 

WHEREAS, the Corporation has reserved the right to amend the Plan at any time under Section 19.01 of the Plan; and 

WHEREAS, the Corporation desires to amend the Plan to provide vesting credits to certain employees of the Corporation whose employment
with the Corporation was terminated in connection with the AIX transaction described below. 
 NOW, THEREFORE, the Plan is
amended as follows: 
 Section 13.01(a) of the Plan is amended by the addition of the following new sentence at the end of
second paragraph Section 13.01(a): 
 “Notwithstanding the foregoing provisions of this paragraph, the Match Contribution
and Non-Elective Employer Contribution Accounts of each of the following two Employees whose employment with The Hanover Insurance Company was terminated in connection with a transaction between AIX and XX pursuant to a certain Market Facilitation
Agreement dated February 14, 2013 shall be 100% vested and nonforfeitable upon his or her termination of employment: XX and XX.” 
 This Amendment shall supersede the provisions of the Plan to the extent those provisions are inconsistent with the provisions of this Amendment. Except as amended hereby, the Plan shall remain in full
force and effect in accordance with its terms. 
 IN WITNESS WHEREOF, this Fourth Amendment has been executed this 21st day of
June 2013. 
  

			
	THE HANOVER INSURANCE COMPANY
		
	By:	 	  

		 	 Maribeth Bearfield

Executive Vice President

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