Document:

exv10w9

 

Exhibit 10.9

FIRST AMENDMENT TO

COOPER CAMERON CORPORATION

RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective May 1, 2003)

     WHEREAS, COOPER CAMERON CORPORATION (the “Company”) has heretofore adopted the COOPER CAMERON
CORPORATION RETIREMENT SAVINGS PLAN (the “Plan”); and

     WHEREAS, the Company desires to amend the Plan in certain respects;

     NOW, THEREFORE, the Plan shall be amended as follows, effective as March 20, 2004:

	I.	 	The following sentence shall be added to Section 1.1(34) of the Plan:

“Notwithstanding anything to the contrary herein, no Member who first becomes a
Member of the Plan on or after May 1, 2003 in connection with his Employer’s first
becoming an Affiliate of the Company on or after such date shall be eligible to
become an IAR Member of the Plan.”

	II.	 	Section 1.1(51) of the Plan shall be deleted and the following shall be substituted therefor:

     “(51) The term “Profit Sharing Member” shall mean (a) each Member who was hired
by the Employer on or after May 1, 2003, and (b) each Member who first becomes a
Member of the Plan on or after such date if his Employer first became an Affiliate
of the Company on or after such date.”

	III.	 	A new Section 7.5(d) shall be added to the Plan as follows:

	 	 	 	“(d)  	Vesting Service With Petreco Affiliates. For
the period preceding March 20, 2004, each Eligible Employee who was
employed by Petreco International, Inc. prior to such date shall be
credited with years of Vesting Service for purposes of the Plan equal
to the Periods of Service he would have been credited under the Plan as
if Petreco International, Inc. and its affiliates and predecessors were
Employers under the Plan during such period and as if the Plan counted
Vesting Service based on Periods of Service (rather than Hours of
Service) during such entire period.”

	IV.	 	As amended hereby, the Plan is specifically ratified and reaffirmed.

     EXECUTED this 18th day of March, 2004.

	 	 	 	 	 
	 	COOPER CAMERON CORPORATION

 	 
	 	By:  	/s/  Jane C. Schmitt
 	 
	 	Name:  	 	Jane C. Schmitt 	 
	 	Title:  	 	Vice President, Human Resources 	 
	 

 

Exhibit 10.9

SECOND AMENDMENT TO

COOPER CAMERON CORPORATION

RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective May 1, 2003)

     WHEREAS, COOPER CAMERON CORPORATION (the “Company”) has heretofore adopted the COOPER CAMERON
CORPORATION RETIREMENT SAVINGS PLAN (the “Plan”); and

     WHEREAS, the Company desires to amend the Plan in certain respects;

     NOW, THEREFORE, the Plan shall be amended as follows:

I. Effective as of April 1, 1995, the phrase “Matching Account” shall be deleted in each place that
it appears in Section 6.6 of the Plan and the phrase “Separate Accounts” shall be substituted
therefor.

II. Effective as of May 1, 2003:

     A. The following proviso shall be added at the end of the last sentence in Section 3.6 of the
Plan:

“; provided, however, that catch-up contributions shall not be subject to the
maximum percentage deferral limit that applies to Basic Contributions pursuant to
Section 3.1.”

     B. The following proviso shall be added at the end of the first sentence of Section 8.2 of the
Plan:

“; and provided further, however, that a Profit Sharing Member may request a
withdrawal of amounts credited to his Profit Sharing Account only to the extent of
his vested interest in such amounts, as determined in accordance with Section 7.2.”

III. Effective (A) with respect to Matching Contributions attributable to Compensation earned on or
after April 24, 2004 by a Member who is paid on an hourly basis, and (B) with respect to Matching
Contributions attributable to Compensation earned on or after May 1, 2004 by a Member who is paid
on a salaried basis, Section 4.8(b) of the Plan shall be deleted and the following shall be
substituted therefor:

	 	 	“(b) The amount of Matching Contributions allocated to a Member shall be
credited to such Member’s Matching Account as of the date such contribution is
received by the Trust and shall be invested in the Fund or

 

 

	 	 	Funds selected by the Member in accordance with the provisions of Section
5.2.”

IV. Effective as of June 1, 2004:

     A. Section 5.1 of the Plan shall be deleted and the following shall be substituted therefor:

     “5.1 Deposit of Contributions.

Any Basic Contributions of a Member which are credited to a Member’s Basic Account,
any Matching Contributions which are credited to a Member’s Matching Account, any
Company Retirement Contributions which are credited to an IAR Member’s IAR Account,
and any Profit Sharing Contributions which are credited to a Profit Sharing Member’s
Profit Sharing Account shall be deposited by the Trustee in such Fund or Funds
selected by such Member in accordance with the provisions of Section 5.2. The
Trustee shall have no duty to collect or enforce payment of contributions or inquire
into the amount or method used in determining the amount of contributions, and shall
be accountable only for contributions received by it.”

     B. Subsections (a) and (b) of Section 5.2 of the Plan shall be deleted and the following shall
be substituted therefor:

	 	“(a)	 	 Each Member shall designate, in accordance with the procedures
established by the Company, the manner in the amounts allocated to his Basic,
Matching, IAR, Profit Sharing and Rollover/Transfer Accounts shall be invested
from among the Funds made available from time to time by the Company pursuant
to Section 6.2. A Member may designate one of such Funds for all of the
contributions to his Basic, Matching, IAR, Profit Sharing and Rollover/Transfer
Accounts, or he may split the investment of the amounts allocated to such
Accounts among such Funds in such increments as the Company may prescribe. If
a Member fails to make a designation of 100% of the contributions to his Basic,
Matching, IAR, Profit Sharing and Rollover/Transfer Accounts, such
nondesignated contributions shall be invested in the Fund or Funds designated
by the Company from time to time in a uniform and nondiscriminatory manner.
	 
	 	(b)	 	A Member may change his investment designation for future contributions
to be allocated to his Basic, Matching, IAR, Profit Sharing and
Rollover/Transfer Accounts. Any such change shall be made in accordance with
the procedures established by the Company, and the frequency of such changes
may be limited by the Company.”
	 
	 	C.	 	A new Section 5.2(d) shall be added to the Plan as follows:
	 
	 	 	 	“(d) Each Member’s investment designation that is in effect on June 11, 2004
shall be deemed to apply to Matching Contributions allocated to such

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	 	 	 	Members’ Matching Account on or after such date, in addition to such
designation’s applicability as of such date to his Basic, IAR, Profit
Sharing and Rollover/Transfer Accounts. Such investment designation may
thereafter be changed by a Member in accordance with Section 5.2(b).”

     D. The phrase “and may only be made once in a calendar year” shall be deleted from Section
8.1(b) of the Plan.

V. As amended hereby, the Plan is specifically ratified and reaffirmed.

     EXECUTED this 28th day of May, 2004.

	 	 	 	 	 
	 	COOPER CAMERON CORPORATION

 	 
	 	By:  	/s/ Jane C. Schmitt
 	 
	 	Name:  	 	Jane C. Schmitt 	 
	 	Title:  	 	VP, Human Resources 	 
	 

3

 

Exhibit 10.9

THIRD AMENDMENT TO

COOPER CAMERON CORPORATION

RETIREMENT SAVINGS PLAN

(As Amended and Restated Effective May 1, 2003)

     WHEREAS, COOPER CAMERON CORPORATION (the “Company”) has heretofore adopted the COOPER CAMERON
CORPORATION RETIREMENT SAVINGS PLAN (the “Plan”); and

     WHEREAS, the Company desires to amend the Plan in certain respects;

     NOW, THEREFORE, the Plan shall be amended as follows, effective as of January 1, 2005:

I. The following definition shall be added to Section 1.1 of the Plan:

     “(8A) The term “Brookshire Union Employee” shall mean an Employee who is a
member of the Local Lodge 15 and District Lodge 37, International Association of
Machinists and Aerospace Workers.”

II. The following sentence shall be added to Section 1.1(34) of the Plan:

“Notwithstanding the foregoing, an Eligible Employee who is a
Brookshire Union Employee whose Employment Commencement Date occurs
prior to January 1, 2005 shall become an IAR Member, regardless of
whether such Eligible Employee’s Employment Commencement Date occurred
on or after May 1, 2003 but on or prior to December 31, 2004.”

III. Section 1.1(51) of the Plan shall be deleted and the following shall be substituted therefor:

     “(51) The term “Profit Sharing Member” shall mean (a) each Member who was hired
by the Employer on or after May 1, 2003, and (b) each Member who first becomes a
Member of the Plan on or after such date if his Employer first became an Affiliate
of the Company on or after such date; provided, however, that any Eligible Employee
who is a Brookshire Union Employee whose Employment Commencement Date occurs prior
to January 1, 2005 shall not be a Profit Sharing Member, regardless of whether such
Eligible Employee’s Employment Commencement Date occurred on or after May 1, 2003
but on or prior to December 31, 2004.”

IV. Section 6.3 of the Plan shall be deleted and the following shall be substituted therefor:

“6.3 Company Stock Fund.

 

 

Except as specifically provided otherwise, the assets of the Company Stock Fund
shall be invested by the Trustee solely in Company Stock; provided, however, that
the Company Stock Fund may hold an amount of cash to the extent required in lieu of
holding fractional shares of Company Stock. The Trustee shall receive Company Stock
from the Company or purchase Company Stock in the market; provided, however, that
any such purchase shall be made only in exchange for fair market value as determined
by the Trustee.”

V. The second paragraph of Section 7.2 of the Plan shall be deleted and the following shall be
substituted therefor:

“Notwithstanding the foregoing, except as specified otherwise in an applicable
Addendum, any IAR Member who was credited with three or more Years of Vesting
Service as of May 1, 2003 (or, in the case of any Brookshire Union Employee who is
an IAR Member, any such employee who was credited with three or more Years of
Vesting Service as of December 31, 2004) shall be vested in the balance of his IAR
Account in accordance with the following vesting schedule:

	 	 	 	 	 
	Years of Vesting Service
	 	Vested Percentage
	 
	3 years but less than 4 years
	 	 	33	%
	4 years but less than 5 years
	 	 	67	%
	5 years or more 
	 	 	100	%”

VI. Section 8.2 of the Plan shall be deleted and the following shall be substituted therefor:

“Section 8.2 Withdrawals After Age 591⁄2.

Subject to the provisions of this Section 8.2, a Member or an Inactive Member who is
receiving compensation from a Controlled Entity and who has attained at least age
591⁄2, may file a written request with his Employer in the form and within the time
period prescribed by the Company for a withdrawal of an amount credited to his
Separate Accounts; provided, however, than an IAR Member may request a withdrawal of
amounts credited to his IAR Account only to the extent of his vested interest in
such amounts, as determined in accordance with Section 7.2; and provided further,
however, that a Profit Sharing Member may request a withdrawal of amounts credited
to his Profit Sharing Account only to the extent of his vested interest in such
amounts, as determined in accordance with Section 7.2. A withdrawal made pursuant
to this Section 8.2 shall be made from a Member’s or Inactive Member’s Separate
Accounts as elected by such Member or Inactive Member.”

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VII. As amended hereby, the Plan is specifically ratified and reaffirmed.

     EXECUTED this 17th day of December, 2004, effective for all purposes as provided above.

	 	 	 	 	 
	 	COOPER CAMERON CORPORATION

 	 
	 	By:  	/s/ Jane Schmitt
 	 
	 	Name:  	 	Jane Schmitt 	 
	 	Title:  	 	VP, Human Resources 	 
	 

3exv10w10

 

Exhibit 10.10

MERGER OF THE

PETRECO INTERNATIONAL, INC.

401(k) PROFIT SHARING PLAN

WITH AND INTO THE

COOPER CAMERON CORPORATION

RETIREMENT SAVINGS PLAN

     WHEREAS, Cooper Cameron Corporation (the “Company”) sponsors the Cooper Cameron Corporation
Retirement Savings Plan (the “Cooper Cameron Plan”) and the Petreco International, Inc. 401(k)
Profit Sharing Plan (the “Petreco Plan”); and

     WHEREAS, the Company desires that the Petreco Plan be merged with and into the Cooper Cameron
Plan, effective as of January 1, 2005;

     NOW, THEREFORE, effective as of January 1, 2005 (the “Plan Merger Date”), in consideration of
the foregoing and notwithstanding any provisions of the Petreco Plan and the Cooper Cameron Plan
to the contrary, the Petreco Plan shall be merged with and into the Cooper Cameron Plan as follows:

     1. The Petreco Plan is hereby amended, restated, and merged with and into the Cooper Cameron
Plan, with the result that the provisions of the Cooper Cameron Plan, as modified herein, replace
in their entirety the provisions of the Petreco Plan. Any provisions of the Cooper Cameron Plan
required to have an earlier effective date by applicable statute and/or regulation shall be
effective as of the required effective date in such statute and/or regulation and shall apply, as
of such required effective date, to the Petreco Plan as if included therein.

     2. Each Participant of the Petreco Plan as of the Plan Merger Date (“Petreco Participant”),
shall become a Member of the Cooper Cameron Plan as of such date (if such Petreco Participant is
not already a Member of the Cooper Cameron Plan as of such date).

     3. The trustee of the Petreco Plan shall be directed to transfer the assets of the Petreco
Savings Plan to the trustee of the Cooper Cameron Plan as soon as administratively feasible after
the Plan Merger Date. All assets shall be transferred in cash, except that outstanding loans from
the Petreco Plan to Petreco Participants shall be transferred in kind. In order to ensure an
orderly transition with respect to the transferred assets of the Petreco Plan, the Plan
Administrator may, in its discretion, temporarily prohibit or restrict withdrawals, loans,
execution of, change to, or revocation of a compensation deferral election, change of investment
designation of plan account balances, or transfer of amounts in accounts from one investment fund
to another investment fund, or other activity as the Plan Administrator deems appropriate; provided
that any such temporary cessation or restriction of such activity shall be in compliance with
applicable law. Amounts transferred shall initially be invested in such investment fund or funds
available under the Cooper Cameron Plan as determined by the Plan Administrator in its discretion;
provided, however, that as soon as administratively feasible following the Plan Merger Date,
amounts attributable to accounts of Petreco Participants who are actively participating in the
Cooper Cameron Plan as of the Plan Merger Date shall be invested in accordance with the respective
investment designations on each such Petreco Participant as in

 

 

effect on the date such investment is made. Such transferred amounts shall remain invested in
such fund or funds until the Petreco Participants make new investment designations with respect to
such amounts in accordance with the provisions of the Cooper Cameron Plan as in effect on
the date of such investment designations.

     4. Amounts credited to Petreco Participants’ accounts under the Petreco Plan shall be credited
to corresponding accounts under the Cooper Cameron Plan as follows:

	 	(i)	 	Amounts, if any, credited to a Petreco Participant’s “Elective
Deferrals” subaccount under his “Participant Account” under the Petreco Plan
shall be credited to such participant’s “Basic Account” under the Cooper
Cameron Plan;
	 
	 	(ii)	 	Amounts, if any, credited to a Petreco Participant’s “Matching
Contributions” subaccount under his “Participant Account” under the Petreco
Plan shall be credited to such participant’s “Matching Account” under the
Cooper Cameron Plan;
	 
	 	(iii)	 	Amounts, if any, credited to a Petreco Participant’s
“Discretionary Contributions” subaccount under his “Participant Account” under
the Petreco Plan shall be credited to such participant’s “Profit Sharing
Account” under the Cooper Cameron Plan;
	 
	 	(iv)	 	Amounts, if any, credited to a Petreco Participant’s “Rollover
Contributions” subaccount under his “Participant Account” under the Petreco
Plan shall be credited to such participant’s “Rollover/Transfer Account” under
the Cooper Cameron Plan; and
	 
	 	(v)	 	Amounts, if any, credited to a Petreco Participant’s “Transfer
Contributions” subaccount under his “Participant Account” under the Petreco
Plan shall be credited to such participant’s “Rollover/Transfer Account” under
the Cooper Cameron Plan.

Subaccounts shall be created under the respective Cooper Cameron Plan accounts for the transferred
amounts and earnings thereon (the “Grandfathered Subaccounts”) in order to preserve optional forms
of benefit and rights in accordance with Paragraphs 7 and 9.

     5. Notwithstanding anything to the contrary in Section 7.5(d) of the Cooper Cameron Plan, for
purposes of determining the Vesting Service under the Cooper Cameron Plan of a Petreco Participant,
(i) such Petreco Participant shall be credited with Vesting Service on the date he becomes a Member
of the Cooper Cameron Plan with all Years of Service, if any, credited to him for vesting purposes
under the Petreco Plan as of December 31, 2004, (ii) for the period beginning and ending on January
1, 2005 (the “Computation Period”), such Petreco Participant shall receive credit equal to the
greater of (1) the period of service that would be credited under the Cooper Cameron Plan for
vesting purposes for such employee’s service during the Computation Period and (2) the service
taken into account for the 2005 Plan Year as of January 1, 2005, under the method provided in the
Petreco Plan for computing Years of Service for vesting purposes, and (iii) for the period from and
after January 2, 2005, such Petreco Participant shall receive credit based solely upon the
provisions of the Cooper Cameron Plan for

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crediting Vesting Service; provided, however, that if, as of the Plan Merger Date, the Vesting
Service credited to a Petreco Participant pursuant to Section 7.5(d) of the Cooper Cameron Plan
plus the Vesting Service that was credited to him for the period March 21 through December 31, 2004
under the terms of the Cooper Cameron Plan (or would have been so credited, had he been a Member of
the Cooper Cameron Plan during such period) is greater than the Vesting Service credited to a
Petreco Participant under clause (i) above, then such measure of such Petreco Plan Participant’s
Vesting Service shall be substituted in the place of the Vesting Service that would otherwise be
credited under clause (i) above.

     6. For purposes of determining the Participation Service under the Cooper Cameron Plan of a
Petreco Participant who is a Part Time Employee or a Temporary Employee, a Petreco Participant will
be credited with Participation Service under the provisions of Section 2.1(c) of the Cooper Cameron
Plan as if Petreco International, Inc. (“Petreco”) and its Affiliates were participating Employers
under the Cooper Cameron Plan during the period of such Petreco Participant’s employment with
Petreco and its Affiliates.

     7. Notwithstanding anything to the contrary in the Cooper Cameron Plan, each Petreco
Participants who was employed by Petreco International, Inc. or a member of its controlled group on
January 1, 2002 shall have a 100% fully vested and nonforfeitable interest in his Profit Sharing
Account under the Cooper Cameron Plan.

     8. Immediately after the merger and transfer of assets described in Paragraphs 1 and 3 above,
each Petreco Participant who becomes or continues to be a Member of the Cooper Cameron Plan shall,
in the event the Cooper Cameron Plan is then terminated, be entitled to a benefit which is equal to
or greater than the benefit to which such participant would have been entitled under the Petreco
Plan and, if applicable, the Cooper Cameron Plan immediately prior to such transfer if the Petreco
Plan and, if applicable, the Cooper Cameron Plan had then been terminated. The provisions of the
preceding sentence shall be construed under applicable federal regulations pursuant to Section 208
of the Employee Retirement Income Security Act of 1974 and Section 414(l) of the Internal Revenue
Code of 1986, as amended (the “Code”).

     9. With respect to the Grandfathered Subaccounts of Petreco Participants, the Cooper Cameron
Plan shall preserve all optional forms of benefit and rights required to be preserved pursuant to
Section 411(d)(6) of the Code, and any Treasury regulations issued thereunder, as amended from time
to time, including, but not limited to, the optional forms of benefit and rights described on
Appendix A hereto.

     10. The loan procedures available to Members under Article IX of the Cooper Cameron Plan,
shall be applicable to a Petreco Participant’s vested interest in his Separate Accounts under the
Cooper Cameron Plan; provided, however, that any loan made to a Petreco Participant under the
Petreco Plan before the Plan Merger Date shall be administered by the Plan Administrator in
accordance with Section 12.9 of the Petreco Plan and the loan policy adopted pursuant thereto.

     11. The beneficiary designations of each Petreco Participant in effect under the Petreco Plan
on the Plan Merger Date shall remain in effect under the Cooper Cameron Plan unless and until such
participant executes a new beneficiary designation in accordance with the provisions of the Cooper
Cameron Plan; provided, however, that all Account balances in the Cooper Cameron Plan from and
after the Plan Merger Date (including amounts transferred from

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the Petreco Plan) shall be subject to any beneficiary designation executed by a Petreco
Participant who was also a Member of the Cooper Cameron Plan prior to the Plan Merger Date,
regardless of whether such beneficiary designation was executed before the Plan Merger Date, unless
and until such time as such Petreco Participant executes a new beneficiary designation form under
the Cooper Cameron Plan; and provided further, however, that if the preceding proviso applies to a
Petreco Participant, any beneficiary designation executed by such Participant under the Petreco
Plan prior to the Plan Merger Date shall become null and void as of the Plan Merger Date.

     12. To the extent any forfeitures of Matching Employer Contributions or Discretionary Employer
Contributions under the Petreco Plan exist as of the Plan Merger Date, such forfeitures shall be
applied to offset Employer contribution obligations for Petreco Participants under the Cooper
Cameron Plan.

     13. Each capitalized term used in this instrument shall have the meaning ascribed to such term
under the Petreco Plan or the Cooper Cameron Plan, as applicable, unless otherwise defined herein.

     14. Except to the extent required under applicable law, the benefits and rights of any Petreco
Participant who terminates employment prior to the Plan Merger Date shall be governed by the terms
and provisions of the Petreco Plan as in effect on the date of such termination of employment.

     15. As to affected individuals, the Cooper Cameron Plan is hereby amended to reflect and
incorporate the provisions of this instrument. Any provision of the Petreco Plan or the Cooper
Cameron Plan which is inconsistent with any provision of this instrument shall be considered to be
and hereby is amended by this instrument.

     EXECUTED this 20th day of January, 2005, effective for all purposes as provided above.

	 	 	 	 	 
	 	COOPER CAMERON CORPORATION

 	 
	 	          /s/  Jane  Schmitt
 	 
	 	By:____________________________________________ 	 
	 	Title:  	Jane Schmitt 	 
	 	Name:  	VP, Human Resources 	 
	 

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APPENDIX A

to

MERGER OF THE

PETRECO INTERNATIONAL, INC.

401(k) PROFIT SHARING PLAN

WITH AND INTO THE

COOPER CAMERON CORPORATION

RETIREMENT SAVINGS PLAN

This Appendix A shall apply to the Grandfathered Subaccounts of Petreco Participants in lieu of
certain otherwise applicable provisions of the Cooper Cameron Plan. To the extent the provisions
of this Appendix A conflict with other provisions of the Cooper Cameron Plan, this Appendix A shall
control with respect to the Grandfathered Subaccounts of Petreco Participants.

     1. Rollover and Transfer Account Withdrawals. In addition to the withdrawal rights
contained in Article VIII of the Cooper Cameron Plan, Petreco Participants may withdraw all or any
part of their Grandfathered Subaccounts (to the extent vested) under their Rollover/Transfer
Accounts under the Cooper Cameron Plan at any time.

A-1

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