Document:

exv10w1

 

EXHIBIT 10.1

AMENDMENT NO. 1 to

INDEMNIFICATION AGREEMENT

     THIS AMENDMENT NO. 1 TO INDEMNIFICATION AGREEMENT (this “Amendment”) dated as of March ___,
2007, is entered into by and between ___(“Indemnitee”) and InfraSource Services,
Inc., a Delaware corporation formerly known as Dearborn Holdings Corporation (“Company”).

RECITALS

     WHEREAS, Indemnitee and Company are party to that certain Indemnification Agreement dated
___(the “Agreement”); and

     WHEREAS, the Company and Indemnitee desires to amend the Agreement to clarify certain
provisions to the benefit of Indemnitee as set forth herein.

     NOW, THEREFORE, in consideration of the foregoing, the parties hereto, intending to be legally
bound hereby agree as follows:

1. Section 1(d) is hereby replaced in its entirety by the following:

Expenses: any expense, liability, or loss, including, but not limited to, attorneys’ fees,
judgments, fines, ERISA excise taxes and penalties, amounts paid or to be paid in
settlement, any interest, assessments, or other charges imposed thereon, any taxes incurred
by the Indemnitee as the result of the application of Section 409A of the Internal Revenue
Code of 1986, as amended, or any similar state tax provisions, to any indemnification
payments hereunder, and all other costs and obligations, paid or incurred in connection
with investigating, defending, being a witness in, participating in (including on appeal),
or preparing for any of the foregoing in, any Claim relating to any Indemnifiable Event.

2. Section 1 (e) is hereby replaced in its entirety by the following:

Indemnifiable Event: any event or occurrence that takes place either prior to or after the
execution of this Agreement, related to the fact that Indemnitee is or was a director or
officer of the Company or Company subsidiary, or while a director or officer is or was
serving at the request of the Company as a director, officer, employee, trustee, agent, or
fiduciary of another foreign or domestic corporation, partnership, joint venture, employee
benefit plan, trust, or other enterprise, or was a director, officer, employee, or agent of
a foreign or domestic corporation that was a predecessor corporation of the Company or of
another enterprise at the request of such predecessor corporation, or related to anything
done or not done by Indemnitee in any such capacity, whether or not the basis of the Claim
is alleged action in an official capacity as a director, officer, employee, or agent or in
any other capacity while serving as a director, officer, employee, or agent of the Company,
as described above.

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3. The last sentence of Section 2 (a) is hereby deleted and replaced with the following:

Notwithstanding anything in this Agreement to the contrary, Indemnitee shall not be
entitled to indemnification pursuant to this Agreement in connection with any Claim
initiated by Indemnitee against the Company or any current or former director or officer of
the Company unless (i) the Company has joined in or the Board has consented to the
initiation of such Claim; (ii) the Claim is one to enforce indemnification rights under
Section 2; or (iii) the Claim is instituted after a Change in Control (other than a Change
in Control approved by a majority of the directors on the Board who were directors
immediately prior to such Change in Control) and Independent Legal Counsel has approved its
initiation.

4. Section 14 is hereby deleted in its entirety and replaced with the following:

This Agreement shall be binding upon and inure to the benefit of and be enforceable by the
parties hereto and their respective successors (including any direct or indirect successor
by purchase, merger, consolidation, or otherwise to all or substantially all of the
business and/or assets of the Company), assigns, spouses, heirs, and personal and legal
representatives. The Company shall require and cause any successor (whether direct or
indirect by purchase, merger, consolidation, or otherwise) to all, substantially all, or a
substantial part, of the business and/or assets of the Company, by written agreement in
form and substance satisfactory to Indemnitee, expressly to assume and agree to perform
this Agreement in the same manner and to the same extent that the Company would be required
to perform if no such succession had taken place. This Agreement shall continue in effect
regardless of whether Indemnitee continues to serve as an officer or director of the
Company or any other enterprise at the Company’s request.

5. The following new Section 16 is hereby added to the Agreement:

16. Notwithstanding any other provision of this Agreement to the contrary, the Company
shall modify the time and/or form of any payment hereunder if and to the extent that the
Company or the Indemnitee determines such modification to be necessary or advisable to
avoid the imposition on the Indemnitee of taxes pursuant to Section 409A of the Internal
Revenue Code of 1986, as amended, or any similar state tax provisions. In making any such
modification, the determination by the Company or the Indemnitee must be made in good
faith, be based on advice of counsel and be designed, in the Company’s sole judgment, to
fulfill as closely as possible the Company’s original commitment to the Indemnitee with
respect to the payment at issue without regard to Code Section 409A or any similar state
tax provision, but without increasing the Company’s costs with respect to such payment. No
modification shall be made by the Company without prior written notice to the Indemnitee.

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IN WITNESS WHEREOF, the parties hereto have executed this Agreement this ___day of March, 2007.

INFRASOURCE SERVICES, INC.

_______________________________

By:

Title:

_______________________________

3exv10w2

 

EXHIBIT 10.2

INFRASOURCE, INCORPORATED

DEFERRED COMPENSATION PLAN

	1.	 	Purpose. This Plan was established, effective January 1, 2001, for the purpose of providing
certain employees of InfraSource, Incorporated and its subsidiaries with the opportunity to
defer a portion of their compensation and with matching contributions which would otherwise be
provided under the InfraSource/GFI Matching 401(k) Plan but for reductions or restrictions to
such matching contributions required by Federal law. In accordance with the provisions of
Section 9 of this Plan:

	 	(a)	 	the Company amended and restated the Plan, effective January 1, 2004, (1) to
add a vesting requirement for Company Matching Contributions, (2) to add an early
distribution provision, (3) to make a single sum the automatic form of payment, and (4)
to clarify certain provisions; and
	 
	 	(b)	 	the Company is amending and restating the Plan, effective January 1, 2005, (1)
to be in good faith compliance with Section 409A of the Code; (2) to limit the
application of Section 409A to the portion of each Participant’s Account that was
deferred or became vested on or after January 1, 2005, and (3) to clarify certain
provisions.

     This Plan is to be unfunded and is maintained for the purpose of providing deferred
compensation for a select group of management or highly compensated employees.

	2.	 	Definitions.

	 	(a)	 	“Account” shall mean the Salary Reduction Amounts, Excess Amounts, Company
Matching Contributions and earnings thereon, credited with respect to each Participant
and established solely as a bookkeeping entry. The Account shall include the
Grandfathered Account as a subset of the total Account.
	 
	 	(b)	 	“Code” shall mean the Internal Revenue Code of 1986, as amended.
	 
	 	(c)	 	“Committee” shall mean the committee appointed by the Company’s Board of
Directors to administer this Plan. The Committee shall consist of at least three
members who shall have the responsibility for the administration of the Plan. The
members of the Committee shall be appointed from time to time by the Board and shall
signify their acceptance in writing. Members of the Committee shall serve at the
pleasure of the Board, except that a member may resign at any time. The members of the
Committee shall elect a chairman from among themselves. They shall also elect a
secretary who may, but need not be, one of the members of the Committee, and who shall
be responsible for maintaining minutes of the Committee meeting and copies of any
reports prepared by the Committee. No member of the Committee shall receive any
compensation for his service as such. In the event the Board does not appoint a
Committee to administer the Plan, the Company shall be responsible for administering
the Plan and shall have all of the powers and duties hereinafter set forth.

 

 

	 	(d)	 	“Company” shall mean InfraSource, Incorporated.
	 
	 	(e)	 	“Company Matching Contribution” shall mean the amount credited to a
Participant’s Account under Section 3(b).
	 
	 	(f)	 	“Excess Amount” shall mean the amount credited to a Participant’s Account under
Section 3(a)(ii).
	 
	 	(g)	 	“Effective Date” shall mean January 1, 2004, the effective date of this amended
and restated Plan.
	 
	 	(h)	 	“Grandfathered Account” shall mean the potion of a Participant’s Account
attributable to Salary Reduction Amounts and Excess Amounts deferred prior to January
1, 2005, Company Matching Contributions credited and vested prior to January 1, 2005,
and earnings and losses relating to the foregoing amounts (including earnings and
losses accruing on or after January 1, 2005). Each Participant’s Grandfathered Account
shall be accounted for separately within the Participant’s Account. It is intended
that the Grandfathered Accounts will not be subject to the restrictions imposed by
Section 409A of the Code.
	 
	 	(i)	 	“Key Employee” shall mean with respect to the Company or any of its
subsidiaries or parent, (1) any officer with annual compensation in excess of $145,000
(as adjusted from time to time under the Code), (2) a five-percent owner (as defined in
the Code), or (3) a one-percent owner (as defined in the Code) with annual compensation
in excess of $150,000 (as adjusted from time to time under the Code); provided that the
Company or any of its subsidiaries or its parent is publicly-traded within the meaning
of Section 409A of the Code on the date of determination. The determination of whether
a Participant is a Key Employee shall be made in accordance with Section 416(i) of the
Code.
	 
	 	(j)	 	“Salary Reduction Amount” shall mean the amount credited to a Participant’s
Account under Section 3(a)(i).
	 
	 	(k)	 	“Participant” shall mean an employee of the Company or an employee of any
directly or indirectly affiliated subsidiary or parent corporation of the Company that
adopts the 401(k) Plan who is found by the Company in its sole and absolute discretion
to meet one of the following requirements:

	 	(i)	 	be employed by the Company at a director level or above
	 
	 	(ii)	 	be employed by a subsidiary or parent corporation at a Vice
President level or above
	 
	 	(iii)	 	be employed by a subsidiary or parent corporation below the
Vice President level if strong evidence exists that the employee is included in
the subsidiary’s senior management team.

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	 	 	 	Notwithstanding the above, a Participant must also be: (A) nonunion, (B) exempt and
(C) have compensation at a level that is reasonably anticipated to exceed the
threshold amount to be determined a highly compensated employee under Code Section
414(q). An eligible employee will not be considered a Participant until he or she
completes such documentation as may be required by the Committee as a condition of
participation.
	 
	 	(l)	 	“Plan” shall mean this InfraSource, Incorporated Deferred Compensation Plan as
described herein.
	 
	 	(m)	 	“401(k) Plan” shall mean either the InfraSource/GFI Non-Matching 401(k) Plan or
the InfraSource/GFI Matching 401(k) Plan, whichever applies to the Participant, as it
or they may be amended from time to time.
	 
	 	(n)	 	“Plan Year” shall mean any calendar year beginning with January 1 and ending on
December 31.

	3.	 	Plan Benefits.

	 	(a)	 	Deferrals.

	 	(i)	 	Salary Reduction Amounts. Each Participant may elect to defer
a portion of compensation (as defined in the 401(k) Plan without regard to any
limitations contained in such Plan) in any whole percentage up 75% of such
compensation. The 75% maximum shall be applied against the aggregate of the
Participant’s contributions to both the 401(k) Plan and this Plan. Each
Participant may make an additional election to defer any whole percentage up to
100% of the annual incentive compensation payable to him or her (after
reduction for the deferral election described in the first sentence of this
paragraph) from the Company.
	 
	 	(ii)	 	Excess Amounts. Each Participant may elect to defer an Excess
Amount equal to any amount distributed or paid to the Participant from the
401(k) Plan during the calendar year to correct a failure to satisfy the
nondiscrimination requirements of Sections 401(k) or (m) of the Code.
	 
	 	(iii)	 	Manner of Elections. The Participant shall make a deferral
election in the form and manner prescribed by the Committee or its designee.
The Participant shall have the opportunity to make an election before the first
day of each calendar year. Any election made under this Plan shall be made
before the first day of the calendar year to which it applies and shall be
irrevocable during the calendar year (except as provided below). The election
shall specify a percentage of the Participant’s base compensation, a percentage
of the annual incentive compensation payable to the Participant, neither of
which shall exceed the respective maximum percentages specified in Sections
3(a)(i) and 3(a)(ii), and whether the Participant elects to defer any Excess
Amount. A Participant may elect at any time during the calendar year to
discontinue deferral of Salary

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	 	 	 	Reduction Amounts; provided that such an election shall not be effective
until the first day of the next Plan Year (or, if necessary to comply with
the requirements of the 401(k) Plan regarding hardship distributions, as of
the date of the discontinuance election). Notwithstanding the above, a
Participant may make a deferral election under Sections 3(a)(i) and 3(a)(ii)
after the beginning of a calendar year if such election occurs within thirty
days of his or her initial eligibility date under the Plan.
	 
	 	(iv)	 	Period for Which Deferral Election is Effective. A
Participant’s deferral election shall remain in effect until modified or
revoked as provided in Section 3(a)(iii).
	 
	 	(v)	 	Crediting Deferrals. As soon as practicable following each pay
period during which a Participant defers a Salary Reduction Amount or Excess
Amount, the Company shall credit that Salary Reduction Amount or Excess Amount
to such Participant’s Account.

	 	(b)	 	Company Matching Contributions. For any Participant who participates in the
InfraSource/GFI Matching 401(k) Plan, as soon as practicable following the last day of
each calendar year for which such Participant defers a Salary Reduction Amount, the
Company shall credit to such Participant’s Account a Company Matching Contribution
equal to (i) 50% of the portion of the Participant’s aggregate Salary Reduction Amounts
and elective deferrals to the InfraSource/GFI Matching 401(k) Plan for the year that
does not exceed 6% of the Participant’s compensation (as defined or otherwise limited
in the 401(k) Plan) for the year, (ii) reduced by the amount of any matching
contributions credited to the Participant’s account under the InfraSource/GFI Matching
401(k) Plan for the year. In addition, if the Participant elects to defer an Excess
Amount, the Company shall credit to such Participant’s Account an amount equal to any
matching contribution under the InfraSource/GFI Matching 401(k) Plan that is
attributable to such Excess Amount and is forfeited under the InfraSource/GFI Matching
401(k) Plan by reason of distribution of the Excess Amount from the InfraSource/GFI
Matching 401(k) Plan.
	 
	 	(c)	 	Earnings.

	 	(i)	 	For purposes of measuring the earnings or losses credited to
his Account, each Participant who has not become entitled to payment of
benefits under Section 5(a) of the Plan may select, from among the mutual funds
available from time to time under the 401(k) Plan, the investment media in
which all or part of his or her Account shall be deemed to be invested.
	 
	 	(ii)	 	The Participant shall make an investment designation in the
form and manner prescribed by the Committee or its designee, which shall remain
effective until another valid designation has been made by the Participant as
herein provided. The Participant may amend his or her investment designation
at such times and in such manner as prescribed by the

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	 	 	 	Committee or its designee. A timely change to the Participant’s investment
designation shall become effective as soon as administratively practicable
in accordance with procedures established by the Committee or its designee.
	 
	 	(iii)	 	The investment media deemed to be made available to the
Participant, and any limitation on the maximum or minimum percentages of the
Participant’s Account that may be deemed to be invested in any particular
medium, shall be the same as available or in effect from time-to-time under the
401(k) Plan.
	 
	 	(iv)	 	Except as provided below, the Participant’s Account shall be
deemed to be invested in accordance with his investment designations, and the
Account shall be credited with earnings (or losses) as if invested as directed
by the Participant. If—

	 	(A)	 	the Participant does not furnish complete
investment instructions, or
	 
	 	(B)	 	the investment instructions from the
Participant are unclear,
	 
	 	then in each case, the Account shall be credited with earnings at a rate
equal to the rate of earnings for the money market fund under the 401(k)
Plan for the same time period. The Accounts maintained pursuant to this
Plan are for bookkeeping purposes only and the Company is under no
obligation to invest such amounts.

	 	(d)	 	Early Distributions and Unforeseeable Emergency Distributions. The Company
shall debit each Participant’s Account by the amount of any early distribution and/or
unforeseeable emergency distribution pursuant to Section 5.

	4.	 	Vesting. A Participant’s interest in the amount of his or her Account attributable to his or
her Salary Reduction and Excess Amounts shall be fully vested. A Participant’s interest in
his or her Company Matching Contribution amounts shall be vested as follows:

	 	 	 	 	 
	Years of Service	 	Vested Percentage	 
	Less than 1 year
	 	 	0	%
	1 year (but less than 2 years)
	 	 	0	%
	2 years (but less than 3 years)
	 	 	50	%
	3 years (but less than 4 years)
	 	 	75	%
	4 or more years
	 	 	100	%

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5. Payment of Benefits.

	 	(a)	 	Except as otherwise provided in this Section 5, a Participant’s Account shall
be paid to the Participant in accordance with Section 6 upon his or her retirement or
other separation from service; provided, however, that:

	 	(i)	 	such amount shall instead be paid upon the Participant’s
attainment of age 65 if (A) the Participant separates from service before age
65, and (B) he or she elects in accordance with Section 6(a) or 6(b) and in the
form and manner prescribed by the Committee to have payment deferred to age 65;
and
	 
	 	(ii)	 	to the extent that the Account payable under this Plan (other
than the Grandfathered Account) is due to a Key Employee on account of the Key
Employee’s separation from service from the Company, the payment of such
Account shall be delayed until the first day of the seventh month following
such Key Employee’s separation from service.

	 	(b)	 	Notwithstanding Section 5(a), above, a Participant may apply to the Committee
for early distribution of all or any part of his Grandfathered Account. An early
distribution made pursuant to this Section 5(b) shall be made in a single sum, provided
that 10% of the amount withdrawn in such early distribution shall be forfeited prior to
payment of the remainder to the Participant.
	 
	 	(c)	 	Notwithstanding Sections 5(a) and 5(b), above, in the sole discretion of the
Committee, benefits may be paid prior to separation from service in the case of an
unforeseeable emergency which arises from an illness or accident of the Participant or
beneficiary and creates a severe financial hardship that cannot be relieved by
reimbursement from insurance or the liquidation of Participant’s personal resources,
provided that a Participant shall not take part in any decision concerning such a
distribution. No amount shall be payable in the case of such a hardship if there
exists any amount which may be withdrawn (whether or not on account of hardship) from
the 401(k) Plan which would cover the amount of the hardship, and the amount payable
may not exceed the lesser of the amount credited to a Participant’s Account or the
amount needed by the Participant because of the hardship.
	 
	 	(d)	 	A death benefit shall be paid to the Participant’s beneficiary in accordance
with Section 6 upon the Participant’s death. Such death benefit shall be equal to 100%
of the undistributed amount credited to the Participant’s Account. The Participant’s
beneficiary shall be any person or entity so designated by him or her in writing on
forms provided by the Committee or in the absence of any such designation, his or her
spouse if he or she is married at the time of his or her death, or his or her estate if
he or she is not married at the time of his or her death.

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6. Payment Elections.

	 	(a)	 	Except as provided in Section 6(b), each Participant shall elect at the time he
or she first becomes eligible to participate in the Plan both the form and time of
distribution. Absent an election by the Participant, payment of a Participant’s
Account shall be made in a single sum upon the Participant’s retirement or separation
from service. Notwithstanding the foregoing, a Participant may make an election
regarding the form and/or time of distribution with respect to his or her Grandfathered
Account at any time prior to the first day of the calendar year in which the
Participant’s retirement or separation from service occurs.
	 
	 	(b)	 	A Participant may elect, in accordance with the guidance published by the U.S.
Treasury Department and the Internal Revenue Service with respect to Section 409A of
the Code, to make an election as to the form and/or time of distribution of his or her
Account in accordance with the following provisions.

	 	(i)	 	A Participant may elect by December 31, 2005 to modify the form
and/or time of distribution of his or her Account.
	 
	 	(ii)	 	A Participant may elect by December 31, 2006 to modify the form
and/or time of distribution of his or her Account; provided that such election
shall apply only to amounts that would not otherwise be payable in 2006 and
shall not cause an amount to be paid in 2006.
	 
	 	(iii)	 	A Participant may elect by December 31, 2007 to modify the
form and/or time of distribution of his or her Account; provided that such
election shall apply only to amounts that would not otherwise be payable in
2007 and shall not cause an amount to be paid in 2007.

	 	(c)	 	A Participant may elect in accordance with Sections 6(a) and 6(b) and in the
form and manner prescribed by the Committee to receive his or her Account, in lieu of a
single sum, in not fewer than two nor more than fifteen approximately equal annual
installments, or in some combination of a single sum and such annual installments. If
the Participant elects installment payments, such installment payments shall be made
(subject to Section 5(a)(i)) on April 1 of each calendar year, beginning with the April
1 next following the Participant’s retirement or other separation from service.
	 
	 	(d)	 	If a Participant dies after installment payments have begun, the death benefit
under Section 5(c) shall be paid to the Participant’s beneficiary, if other than his or
her estate, in the same manner as the Participant elected to have benefits paid to him
or her. Any death benefit payable to the Participant’s estate, and any death benefit
payable by reason of the Participant’s death before payments have begun or been made,
shall be paid in a single sum as soon as practicable after the Participant’s death.
	 
	 	(e)	 	After payment of benefits has commenced, any undistributed portion of the
Participant’s Account, or any undistributed portion of the death benefit payable to

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	 	 	 	a Participant’s beneficiary shall be credited with earnings as determined in Section
3(c) of the Plan.

	7.	 	Freeze of Plan Participation and Benefit Accruals. Effective with the merger of the Company
with Quanta MS Acquisition, Inc., there shall be no new Participants admitted to the Plan and
no further Salary Reduction Contributions or Excess Accounts credited under the Plan.
Employer Matching Contributions shall be credited only with respect to amounts accrued prior
to the effective date of such merger.

	8.	 	Source of Funds. This Plan shall be unfunded and payment of benefits hereunder shall be made
from the general assets of the Company. Any such asset which may be set aside, earmarked or
identified as being intended for the provision of benefits hereunder shall remain an asset of
the Company and shall be subject to the claims of its general creditors. Each Participant
shall be a general creditor of the Company to the extent of the value of his or her benefit
accrued hereunder, but he or she shall have no right, title, or interest in any specific asset
that the Company may set aside or designate as intended to be applied to the payment of
benefits under this Plan.

	9.	 	Amendment and Termination. The Company reserves the right to amend this Plan at any time and
from time to time in any fashion, and to terminate it at will, by action of the Company’s
Board of Directors. However, to the extent that the Company has the assets with which to pay
such benefits, the Company guarantees to the Participant (and to persons becoming entitled to
benefits under this Plan by reason of the death of the Participant) the payment of benefits
accrued hereunder as of the date the Plan is so amended or terminated, subject to the terms
and conditions set forth herein.

	10.	 	Nonalienation of Benefits. Except as hereinafter provided with respect to marital disputes,
none of the benefits or rights of a Participant or any beneficiary of a Participant shall be
subject to the claim of any creditor, and in particular, to the fullest extent permitted by
law, all such benefits and rights shall be free from attachment, garnishment or any other
legal or equitable process available to any creditor of the Participant or the beneficiary.
Neither the Participant nor his or her beneficiary shall have the right to alienate,
anticipate, commute, pledge, encumber, or assign any of the benefits or payments which either
of them may expect to receive, contingently or otherwise, under this Plan. In cases of
marital dispute, the Company will observe the terms of the Plan unless and until ordered to do
otherwise by a state or Federal court. As a condition of participation, a Participant agrees
to hold the Company harmless from any claim that may arise out of the Company’s compliance
with any order of any state or Federal court, whether such order effects a judgment of such
court or is issued to enforce a judgment or order of another court.

	11.	 	Administration. This Plan shall be administered by the Committee, which shall be responsible
for the interpretation of the Plan and establishment of the rules and regulations governing
Plan administration, including without limitation rules for correction or remediation of
administrative errors resulting in exclusion of or failure to provide appropriate benefits to
otherwise eligible Participants. Any decision or action made or taken by the Committee,
arising out of or in connection with the construction,

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	 	 	administration or interpretation of the Plan or of its rules and regulations, shall be
conclusive and binding upon all Participants, subject only to such review by a court of
competent jurisdiction as is permitted by the Employee Retirement Income Security Act of
1974, as amended. In making any such decision or taking any such action, the Committee
shall have full and complete discretion and authority to make eligibility determinations,
construe provisions of the Plan and resolved factual issues. All expenses of administering
the Plan shall be paid by the Company and shall not affect the Participants’ right to or
amount of benefits.

	12.	 	Claims Procedure. Any claims by Participants or beneficiaries for benefits under this Plan
shall be subject to the following rules:

	 	(a)	 	The Committee shall review such claim and respond thereto within a reasonable
time after receiving the claim. The Committee shall provide to every claimant who is
denied a claim for benefits written notice setting forth in a manner calculated to be
understood by the claimant:

	 	(i)	 	the specific reason or reasons for the denial;
	 
	 	(ii)	 	specific reference to pertinent Plan provisions on which denial
is based;
	 
	 	(iii)	 	a description of any additional material or information
necessary for the claimant to perfect the claim; and
	 
	 	(iv)	 	an explanation of the claim review procedure set forth in
paragraph (b), below.

	 	(b)	 	Within 60 days of receipt by a claimant of a notice denying a claim under
paragraph (a), the claimant or his or her duly authorized representative may request in
writing a full and fair review of the claim by the Committee. The Committee may extend
the sixty-day period where the nature of the benefit involved or other attendant
circumstances make such extension appropriate. In connection with such review, the
claimant or his or her duly authorized representative may review pertinent documents
and may submit issues and comments in writing. The Committee shall make a decision
promptly, and not later than 60 days after the Committee’s receipt of a request for
review, unless special circumstances (such as the need to hold a hearing, if the
Committee deems one necessary) require an extension of time for processing, in which
case a decision shall be rendered as soon as possible, but not later than 120 days
after receipt of a request for review. The decision on review shall be in writing and
shall include specific reasons for the decision, written in a manner calculated to be
understood by the claimant, and specific references to the pertinent Plan provisions on
which the decision is based.

	13.	 	No Contract of Employment. Nothing contained herein shall be construed as conferring upon
any person the right to be employed or continue in the employ of the Company.

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	14.	 	Applicable Law. This Plan shall be construed under the laws of the Commonwealth of
Pennsylvania.

	15.	 	Section 409A. This Plan shall be interpreted and administered in good faith compliance with
the requirements of Section 409A of the Code, and shall be amended by action of the Company’s
Board of Directors to the extent necessary to achieve such good faith compliance.

IN WITNESS WHEREOF, the foregoing amended and restated Plan is adopted this 17th day of March,
2007.

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