Document:

EX-10.20

 Exhibit 10.20 
  

 
 June 21,
2016                                     

Andrew G. Bradley 
 c/o Unimin Corporation 

258 Elm Street 
 New Canaan, CT 06840 

Dear Drew. 
 This will confirm our agreement
that if you (i) voluntarily resign your employment with Unimin Corporation (“Company”) effective on or prior to July 31, 2018, and give at least three month’s advance notice of such voluntary resignation, or (ii) are
involuntarily terminated by the Company at any time for any reason, the Company, in exchange for your execution and delivery to the Company of a general release substantially in the form attached hereto as Exhibit A (“Release”), shall
provide the following benefits: 
 a) a lump-sum severance benefit equal to eighteen
(18) months of your then current base salary (“Severance Benefit”). The Company agrees to provide you with three month’s advance notice of any involuntary termination, or pay you an additional three months of your then current
base salary in lieu of such notice. 
 b) continued coverage under the Company’s medical, dental, drug and/or vision group health
programs (“Group Health Coverage”), for you and your enrolled dependents, provided that you continue to pay the then current employee contribution portion(s) of the cost(s) of such Group Health Coverage. The Company agrees to provide such
Group Health Coverage for the period commencing on the first day of the month following the employment termination date and ending on March 31, 2021. You understand that you will be provided only with the same Group Health Coverage offered to
other Company salaried employees during the same period, which may or may not be the same as the Group Health Coverage provided on the date of this letter or on the day immediately preceding your termination of employment. It is further understood
and agreed that any Group Health Coverage provided to your dependent(s) will not be provided beyond the dates(s) such dependent(s) attain the age of twenty-six (26). 

If your employment is terminated during any year in which you are a participant in any annual bonus program sponsored by the Company
(“ABP”), the bonus shall be calculated in the manner and at the time specified in the ABP, but the Company will pay such bonus on a pro-rata basis (i.e., an amount equal to 100% of any bonus awarded
to you under the Program, multiplied by a fraction, the denominator equal to 12, and the numerator equal to the number of months worked (including any notice period or the period of payment in lieu of such notice) during the 12 month period for
which the ABP is calculated. It is agreed that such pro-rata payment of any bonus will be made at the time specified in the ABP. 
  

Unimin Corporation • 258 Elm Street • New Canaan, CT 06840 • Ph: 203-966-8880 • Fx: 203-966-3453 • www.unimin.com 

 Except as specifically set forth herein, nothing in this letter shall in any way be interpreted
or construed to modify or alter the employment at will relationship which now exists between you and the Company. 
  

	
	Sincerely,
	
	UNIMIN CORPORATION
	
	 /s/ Campbell J. Jones

	Campbell J. Jones
	President and Chief Executive Officer

  

	
	Agreed and Accepted:
	
	 /s/ Andrew G. Bradley

	Andrew G. Bradley

 SEPARATION AGREEMENT AND RELEASE 

This Separation Agreement and Release (“Agreement”) is entered into by and between Unimin Corporation, its parents,
affiliates, subsidiaries, and divisions (“Company”), and
                                 (“Employee”). Employee enters into this
Agreement on behalf of the Employee, the Employee’s spouse, heirs, successors, assigns, executors, and representatives of any kind, if any. 

WHEREAS, the Employee’s employment with the Company terminated effective
                                 (“Separation Date”). 

WHEREAS, the Company will provide the Employee with certain separation benefits described below in exchange for the release of any claims that
the Employee had, has or may have against the Company, including any claims concerning the Employee’s employment with the Company or the Employee’s termination of employment, and the other promises contained in this Agreement. 

WHEREAS, the Employee accepts these separation benefits in return for the Employee voluntarily signing a full release of any claims the
Employee has, had or may have against the Company, including any claims concerning the Employee’s employment, the termination of that employment, and any claims for any benefits pursuant to that employment, and in return for the other promises
contained in this Agreement. 
 WHEREAS, the Employee and the Company enter into this Agreement for the purpose of concluding and resolving
all disputes, concerns or matters that exist or may exist between the Company and the Employee, including but not limited to the Employee’s employment with the Company, the terms and conditions of that employment, and the termination of that
employment. 
 THEREFORE, the Company and the Employee agree as follows: 

 

	1.	Termination of Employment. The Employee’s employment with the Company is terminated effective the Separation Date. The Employee shall have no right to reemployment with the Company after the Separation Date
although the Employee may be reemployed by mutual agreement. Employee agrees that his/her execution of this Agreement shall be an absolute defense to any claim pertaining or relating to any refusal by the Company to consider Employee for future
employment. 

  

	2.	No Admission. Neither the Company’s signing of this Agreement nor any actions taken by the Company in accordance with the terms of this Agreement constitute an admission by the Company that it has acted
improperly or unlawfully with regard to the Employee or that it has violated any federal, state, or local law, regulation or any Company policy or procedure. 

	3.	Separation Benefits. Subject to the Employee’s compliance with the terms of this Agreement, the Company will provide the separation benefits as set forth in that letter dated
                                 attached hereto and incorporated herein.

  

	4.	General Releases. The Employee releases and forever discharges Unimin Corporation, its subsidiaries, affiliates, and divisions, and its past, present, and future employees, directors, officers, agents,
shareholders, insurers, attorneys, executors, successors, assigns, and other representatives of any kind in their capacities as such (referred to in this Agreement collectively as “Released Parties”) from any and all claims, charges,
demands, liabilities, or causes of action of any kind, known or unknown, asserted or unasserted (“Claims”), that Employee ever had, has or may have, from the beginning of time through the date the Employee executes this Agreement,
including, but not limited to, any claims, liabilities, or causes of action of any kind arising in connection with the Employee’s employment or termination of employment with the Company. The Employee also releases and waives any claim or right
to further compensation, benefits, damages, penalties, attorneys’ fees, costs, or expenses of any kind from the Company or any of the other Released Parties, except that nothing in this release shall affect any rights the Employee may have
under: (i) this Agreement; (ii) any funded retirement or 401(k) plan of the Company (including the Unimin Corporation Pension Plan), the Unimin Corporation Restoration Plan, or the Sibelco Long Term Incentive Plan; (iii) to COBRA
health insurance benefits if such benefits are greater than those described above, (iv) any claim to unemployment compensation due under applicable state law. Claims that the Employee is releasing include, but are not limited to: claims for
wrongful discharge; constructive discharge; breach of contract; tortious interference with contract; unlawful terms and conditions of employment; retaliation; defamation; invasion of privacy; claims for unlawful conspiracy; discrimination, including
any discrimination claim arising under the Age Discrimination In Employment Act of 1967, as amended, 29 U.S.C. §621 et seq. (“ADEA”); Title VII of the Civil Rights Act of 1964, as amended, 29 U.S.C. §2000e et seq.; the Federal
Rehabilitation Act of 1973, as amended, 29 U.S.C. §701 et seq.; the Americans with Disabilities Act of 1990, as amended, 42 U.S.C. §12101 et seq.; the Family and Medical Leave Act of 1993, 29 U.S.C. §2601 et seq.; the Fair Labor
Standards Act of 1938, as amended, 29 U.S.C. §201 et seq.; the Equal Pay Act of 1963, as amended, 29 U.S.C. §206(d) et seq.; the Employee Retirement Income Security Act of 1974, as amended, 29 U.S.C. §301 et seq.; the Worker
Adjustment and Retraining Notification Act, 29 U.S.C. §2101 et seq.; the Connecticut Human Rights and Opportunities Act, C.G.S. §46a-51 et seq., the Connecticut Family and Medical Leave Act, C.G.S. §31-51kk et seq., the Connecticut Wage Payment Laws, C.G.S. §31-58 et seq., any other federal, state, or local constitutional provision, statute, executive order, or
regulation or ordinance relating to employment and/or civil rights, any other claims whether based on contract or tort. 

  

	5.	The Employee understands that (s)he is knowingly and voluntarily releasing all Claims, which include claims that Employee may not know about. Employee assumes this risk, and expressly waives any and all such unknown
rights. Employee acknowledges that (s)he understands the meaning and significance of this waiver. 

 Employee further understands that (s)he is not releasing any claims that may arise after
signing this Agreement, or any right to enforce the terms of this Agreement. 
  

	6.	No Other Proceedings. The Employee represents that (s)he has not and will not file or join in any action, charge, claim, complaint, lawsuit, or proceeding of any kind against any of the Released Parties (other
than pursuing a claim for unemployment compensation benefits to which the Employee may be entitled) with respect to any claim that is released in this Agreement. Should the Employee file or join in any action, claim, complaint, lawsuit, or
proceeding of any kind against the Company or any of the other Released Parties, based on any claim that the Employee has released, or should such an action, claim, complaint, lawsuit, or proceeding be filed on the Employee’s behalf, the
Employee agrees to withdraw, dismiss, or cause to be withdrawn or dismissed, with prejudice, any such action, claim, complaint, lawsuit, or proceeding of any kind that is pending in any federal, state, or local agency or court. For the avoidance of
doubt, this Agreement does not affect or limit any claims that, under controlling law, may not be released by private agreement, including, without limitation, (a) any claims under Workers’ Compensation laws; or (b) the right to file
a charge with the Equal Employment Opportunity Commission or similar state or local agency, or with the National Labor Relations Board, or to provide information to or assist such agency in any proceeding, provided, however, that the Employee agrees
that by signing this Agreement, the Employee relinquishes any right to receive any personal monetary relief or personal equitable relief with respect to any claim filed by the Employee or on the Employee’s behalf in any such proceeding.
Additionally, nothing in this Agreement shall limit or restrict the Employee’s right under the ADEA to challenge the validity of this Agreement in a court of law. 

 

	7.	No Sale of Claim. The Employee represents that the Employee has not given or sold any portion of any claim discussed in this Agreement to anyone else. 

 

	8.	Confidential Information; Return of Property. 

  

	 	(a)	The Employee acknowledges that during the course of the Employee’s employment with the Company, the Employee was entrusted with certain personnel, legal, business, financial, technical, and other proprietary
information and materials that are the property of the Company and that involve confidential information concerning, among other things, the Company’s dealings, the Company’s customers, vendors, employees, and agents. The Employee agrees
and promises that the Employee will not communicate, disclose or cause to be communicated or disclosed to any third party, or use for the Employee’s own benefit or for the benefit of any other person or entity, without the prior written consent
of the Company, any of the above-mentioned information or material, except as required by law. In addition, Employee agrees to continue to be bound and obligated by the terms of the Confidentiality and Employment-At-Will Agreement, executed by Employee on
                                , a copy of which is attached hereto as Exhibit A.

	 	(b)	The Employee represents that the Employee has returned or will return to the Company no later than five (5) business days after the Separation Date, any and all property belonging to the Company in Employee’s
possession, custody or control. This includes, but is not limited to company vehicle(s), credit card(s), books, equipment, computer hardware and software, and originals and all copies of any business records or documents of any kind, belonging or
related to the Company, together with all notes and summaries relating thereto, regardless of the sources from which such records or documents were obtained, and whether in physical or electronic form. Additionally, the Employee represents that the
Employee has returned to the Company all keys, fobs, security cards, passwords, and other means of access to the Company’s offices or other facilities. 

  

	9.	Confidentiality of this Agreement. The Employee agrees to keep the terms and existence of this Agreement completely confidential except where such agreement not to disclose is prohibited by law and/or where
disclosure is required as part of Employee’s claim(s) for Unemployment Compensation under state law. In addition, the Employee may share the information with the Employee’s spouse, attorney, or tax advisor, provided that such persons are
informed of and agree to be bound by this confidentiality provision. 

  

	10.	No Disparaging Remarks/References. The Employee agrees to refrain from taking any actions or making any statements, written or oral, that disparage. or defame any of the Released Parties, or their business
operations, policies, or practices. In the event that the Company receives a request for a reference relating to Employee’s employment, the Company will release only the dates of employment and job title(s) held by the Employee.

  

	11.	No Entitlement To Separation Benefits. The Employee acknowledges that in the absence of Employee’s voluntary agreement to be bound by the terms of this Agreement and voluntary execution of this
Agreement, Employee would not be otherwise entitled to any of the separation benefits specified in Section 3 of this Agreement. 

  

	12.	Consultation with Counsel. THE EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE HAS BEEN ADVISED, IN THIS WRITING, TO CONSULT WITH AN ATTORNEY OF THE EMPLOYEE’S CHOICE PRIOR TO SIGNING THIS AGREEMENT AND
THAT THE EMPLOYEE HAS SIGNED THIS AGREEMENT KNOWINGLY, VOLUNTARILY, AND FREELY, AND WITH SUCH COUNSEL (IF ANY) AS THE EMPLOYEE DEEMED APPROPRIATE. The Employee understands, however, that whether or not to consult with an attorney is the
Employee’s decision. The Employee agrees that the Company shall not be required to pay any of the Employee’s attorneys’ fees in this or any related matter or lawsuit, now or later, and that the amounts payable under Section 3 are
in full and complete payment of all matters between the Employee and the Company, including, without limitation, attorneys’ fees and costs. 

	13.	Right to Revoke Agreement. THE EMPLOYEE ACKNOWLEDGES THAT THE EMPLOYEE HAS BEEN PROVIDED WITH A PERIOD OF TWENTY-ONE (21) DAYS IN WHICH TO
CONSIDER WHETHER TO ENTER INTO THIS AGREEMENT. THE EMPLOYEE FURTHER ACKNOWLEDGES THAT THE EMPLOYEE HAS BEEN ADVISED OF THE EMPLOYEE’S RIGHT TO REVOKE THIS AGREEMENT DURING THE SEVEN (7) DAY PERIOD FOLLOWING EXECUTION OF THIS
AGREEMENT. TO REVOKE, THE EMPLOYEE MUST GIVE THE COMPANY WRITTEN NOTICE OF THE EMPLOYEE’S REVOCATION WITHIN THE SEVEN (7) DAY REVOCATION PERIOD. 

 

	14.	Effective Date of Agreement. This Agreement becomes effective on the eighth (8th) day after the Employee signs and returns it to the Company, provided the Employee has not revoked this Agreement pursuant to
Section 13. After the Employee signs and dates the Agreement, the Employee must return the Agreement to the Company representative noted in Section 17 below. 

 

	15.	No Reliance. The parties acknowledge that they execute this Agreement in reliance on their own personal knowledge, and are not relying on any representation or promise made by any other party that is not
contained in this Agreement. 

  

	16.	Entire Agreement. This Agreement contains the entire agreement between the parties concerning the subject matter of this Agreement and supersedes all prior negotiations, agreements, or understandings between the
parties, except that any obligations of the Employee to the Company, under any agreement, policy, or other document in force on the Separation Date, that by their terms apply after the termination of his employment shall survive the execution of
this Agreement and continue in full force and effect. No promises or oral or written statements have been made to the Employee other than those in this Agreement. If any portion of this Agreement is found to be unenforceable, all other portions that
can be separated from it, or appropriately limited in scope, shall remain fully valid and enforceable. 

  

	17.	Notice. Any notice to be given under this Agreement shall be in writing and delivered personally, sent by a nationally recognized courier service or sent by registered or certified mail, postage prepaid, return
receipt requested, addressed to the party concerned at the address indicated below or to such other address as such party may subsequently give written notice of under this Agreement: 

 

			
	 If  to the Employee:

 
	  	If to the Company:

	18.	Governing Law. This Agreement shall be governed by the substantive laws of the Stateof Connecticut without regard to conflicts of law principles. 

 

	19.	Inducement. To induce the Company to provide the Employee the considerationrecited in this Agreement, the Employee voluntarily executes this Agreement, acknowledges that the only consideration for
executing this Agreement is that recited in this Agreement, and that no other promise, inducement, threat, agreement, or understanding of any kind has been made by anyone to cause the Employee to execute this Agreement. The Employee acknowledges and
agrees that the consideration recited in this Agreement is more than the Company is required to deliver under its policies and procedures, and that any additional consideration is delivered in consideration for the Employee signing this
Agreement. 

 THE EMPLOYEE UNDERSTANDS THIS AGREEMENT CONTAINS A FINAL RELEASE OF ALL KNOWN AND UNKNOWN CLAIMS AND THAT THE EMPLOYEE
CAN MAKE NO FURTHER CLAIM OF ANY KIND AGAINST THE COMPANY OR ANY OF THE OTHER RELEASED PARTIES ARISING OUT OF ACTIONS OCCURRING THROUGH THE DATE THE EMPLOYEE EXECUTES THIS AGREEMENT. 

THE EMPLOYEE AGREES THAT THE EMPLOYEE READ AND UNDERSTANDS THIS AGREEMENT, AND IS ENTERING INTO THIS AGREEMENT KNOWINGLY AND VOLUNTARILY AND WITHOUT ANY
COERCION. 
 UNIMIN CORPORATION 
  

					
	By:	 		 	
	  
 Title: ____________________________
	 		 	Date:_________________________
			
	EMPLOYEE	 		 	
	  
	 	 	 	Date:_________________________

 County of Fairfield       ) 

                          
            )ss: 
 State of Connecticut     ) 

I
                                        ,
under penalty of perjury, hereby declare that I have knowingly 
 and voluntarily executed this Agreement by affixing my signature above. 

Sworn & Subscribed before me this     day of
                          

 

	
	  

	 Notary Public

	 My Commission Expires:EX-10.21

 Exhibit 10.21 

THE UNIMIN CORPORATION 

PENSION RESTORATION PLAN 

Effective January 1, 1994 

(As Amended and Restated As Of July 31, 2008) 
  

	I.	Purpose of Plan 

 This Pension Restoration Plan (“Restoration Plan”), as
amended and restated, is intended to ensure that employees participating in the Unimin Corporation Pension Plan (“Pension Plan”) subject to the Benefit Schedule for Covered Group C, and whose funded benefits are or will be limited by the
compensation limitations imposed by Section 401 (a)(17) of the Internal Revenue Code of 1986, as amended (the “Code”), receive the level of benefits anticipated to be paid under the Pension Plan based upon the Pension Plan’s
definition of compensation, applied without limitation. This Restoration Plan is completely separate from the Pension Plan, is unfunded, and is not qualified for special tax treatment under the Code. The Restoration Plan is intended to constitute a
nonqualified, unfunded deferred compensation plan for a select group of management or highly compensated employees under the Employee Retirement Income Security Act of 1974, as amended, (“ERISA”). The stock of Unimin Corporation and
Affiliated Employers is not publicly traded on an established securities market or otherwise as described in Section 409A(a)(2)(B)(i). 
  

	II.	Definitions 

  

	 	(1)	“Affiliated Employer” shall mean any division, subsidiary or affiliated company of the Company not participating in the Plan, which is an “Affiliated Employer” as defined in the Pension Plan, but
only to the extent such “Affiliated Employer” is required to be treated as the Company for purposes of the applicable provision of Section 409A of the Code. 

 

	 	(2)	“Actuarial Equivalent” shall mean a benefit of equivalent value to another benefit determined using the factors specified in the Pension Plan for a similar determination, unless otherwise provided in the
Restoration Plan. 

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	 	(3)	“Benefit Commencement Date” shall mean, unless the Restoration Plan expressly provides otherwise, the first day of the first period coincident with or next following the Eligible Participant’s Separation
from Service for which an amount is due under the Restoration Plan as an annuity or any other form. There may be a different Benefit Commencement Date for an Eligible Participant’s Grandfathered Benefit and
Non-Grandfathered Benefit. 

  

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

  

	 	(5)	“Committee” shall mean the Administrative Committee of the Unimin Corporation Pension Plan. 

  

	 	(6)	“Company” shall mean Unimin Corporation, or any successor by merger, purchase, or otherwise. 

  

	 	(7)	“Eligible Participant” shall mean any person who is participating in the Restoration Plan pursuant to Section III of the Restoration Plan. 

 

	 	(8)	“ERISA” shall mean the Employee Retirement Income Security Act of 1974, as amended from time to time. 

  

	 	(9)	“Grandfathered Benefit” shall mean the portion of a Participant’s Restoration Plan benefit accrued and vested before January 1, 2005, determined under Section IV(1) of the Restoration Plan and the
applicable IRS regulations under Section 409A of the Code as if the Eligible Participant terminated employment as of December 31, 2004, or his or her Separation from Service, if earlier, and commenced payment of his or her benefit with the
maximum value available under the Plan on the earliest possible date permitted under the Restoration Plan to receive payment following Separation from Service. 

  

	 	(10)	“Non-Grandfathered Benefit” shall mean the portion of a Participant’s benefit determined under Section IV(1) of the Restoration Plan that is not a Grandfathered
Benefit. 

  
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	 	(11)	“Pension Plan” shall mean the Unimin Corporation Pension Plan, as amended from time to time, except that, with regard to the time and form of payment of the Grandfathered Benefit, the Pension Plan shall mean
the Pension Plan in effect on October 3, 2004 to the extent required to comply with Section 409A of the Code. 

  

	 	(12)	“Pension Plan Annuity Starting Date” shall mean the Eligible Participant’s “Annuity Starting Date” (as such term is defined under the Pension Plan). 

 

	 	(13)	“Separation from Service” shall mean the death of an Eligible Participant or the retirement or other termination of employment of the Eligible Participant such that he or she ceases to be an employee of the
Company and all Affiliated Employers, provided that no change in an Eligible Participant’s employment status shall be considered a Separation from Service unless it would be treated as such pursuant to regulations under Section 409A of the
Code. A Separation from Service shall occur where it is reasonably anticipated that no further services will be performed after that date or that the level of bona fide services the Participant will perform after that date (whether as an employee or
an independent contractor) will permanently decrease to less than 50% of the average bona fide services performed over the immediately preceding thirty-six (36) month period. An Eligible Participant shall
be considered to continue employment and to not have a Separation from Service while on a leave of absence if the leave does not exceed six (6) consecutive months (29 months for a disability leave of absence) or, if longer, so long as the
Eligible Participant retains a right to reemployment with the Company or an Affiliated Employer under an applicable statute or by contract. For this purpose, a “disability leave of absence” is an absence due to any medically determinable
physical or mental impairment that can be expected to result in death or can be expected to last for a continuous period of not less than six (6) months, where such impairment causes the Eligible Participant to be unable to perform the duties
of his or her job or a substantially similar job. 

  
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	III.	Eligible Participants  

 All participants in the Pension Plan subject to the
Benefit Schedule for Covered Group C shall be eligible to participate in this Restoration Plan whenever their benefits that would otherwise be accrued under the Pension Plan as from time to time in effect are reduced by the limitations upon
compensation instituted pursuant to Section 401 (a)(17) of the Code. 
  

	IV.	Equalized Benefits Related to the Pension Plan 

  

	 	(1)	Amount of Benefit. Prior to adjustment in accordance with Section IV(2), an Eligible Participant’s benefit under this Restoration Plan is equal to the amount that the Eligible Participant’s Pension Plan
benefit, calculated as of the earlier of (a) the Eligible Participant’s Benefit Commencement Date and (b) the Eligible Participant’s date of death, is reduced by application of the compensation limitations of Section 401
(a)(17) of the Code. An Eligible Participant’s benefit under this Restoration Plan shall be accrued in accordance with the same provisions that govern accruals of benefits under the Pension Plan and shall vest in accordance with the vesting
provisions of the Pension Plan. 

  

	 	(2)	Form of Payment 

  

	 	(a)	The benefit under Section IV(1) of an Eligible Participant whose Benefit Commencement Date is prior to January 1, 2009 shall be paid in the same form of payment in which the Eligible Participant receives his or her
benefit under the Pension Plan. 

  

	 	(b)	The benefit under Section IV(1) of an Eligible Participant whose Benefit Commencement Date is on or after January 1, 2009 shall be paid in accordance with subparagraphs (I) and (ii) below: 

 

	 	(i)	The Grandfathered Benefit shall be paid in the same form of payment in which the Eligible Participant receives his or her benefit under the Pension Plan; and 

  
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	 	(ii)	Unless the Eligible Participant has made a valid election under paragraph (c) below of an optional form of payment, the Non-Grandfathered Benefit shall be paid as a one-time lump-sum payment of Actuarial Equivalent value to the benefit under Section IV(1). 

  

	 	(c)	In lieu of the form of payment specified in paragraph (b)(ii) above and subject to paragraphs (d) and (e) below, an Eligible Participant who does not have a Pension Plan Annuity Starting Date prior to
January 1, 2009 may elect to convert his or her Non-Grandfathered Benefit into any optional form of payment available to him or her under the Pension Plan. 

 

	 	(d)	Within 30 days of becoming an Eligible Participant, or by December 31, 2008, if later, an Eligible Participant may elect a form of payment for his or her Non-Grandfathered
Benefit, and such election shall become effective and irrevocable on the date it is received by the Committee, except as allowed in paragraph (e) below and otherwise in accordance with Section 409A of the Code. 

 

	 	(e)	Unless otherwise made in accordance with paragraph (d) above or as otherwise provided under the provisions of Section 409A of the Code, an election pursuant to paragraph (c) above: 

 

	 	(i)	shall become effective 12 months after the date such election is made; 

  

	 	(ii)	must be made at least 12 months prior to the date payments to the Eligible Participant would otherwise commence pursuant to the Restoration Plan; and 

 

	 	(iii)	must be accompanied by an election of a new Benefit Commencement Date which is at least 5 years after the date payments to the Eligible Participant would otherwise commence pursuant to the Restoration Plan;

 provided, however, that if an Eligible Participant has an election of an annuity form of payment in effect and elects to
change the form of payment to any actuarially equivalent (for purposes of Section 409A of the Code) annuity form of payment available, subparagraphs (i), (ii) and (iii) above shall not be applicable and such election shall become effective
on the date it is received by the Committee. 

  
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 An election is deemed to be made on the date such election is received by the Committee.

  

	 	(3)	Timing of Payment 

  

	 	(a)	The Benefit Commencement Date of an Eligible Participant whose Pension Plan Annuity Starting Date is prior to January 1, 2009 shall be such Pension Plan Annuity Starting Date. 

 

	 	(b)	If an Eligible Participant does not have a Pension Plan Annuity Starting Date prior to January 1, 2009: 

  

	 	(i)	the Benefit Commencement Date for the Grandfathered Benefit payable to or on behalf of such Eligible Participant shall be his or her Pension Plan Annuity Starting Date; and 

 

	 	(ii)	unless the Eligible Participant has made a valid election under paragraph (c) below of an optional Benefit Commencement Date, the Benefit Commencement Date for the
Non-Grandfathered Benefit payable to such Eligible Participant shall be the first day of the month coincident with or next following the Eligible Participant’s Separation from Service. 

 

	 	(c)	In lieu of the Benefit Commencement Date specified in paragraph (b)(ii) above and subject to paragraphs (d) and (e) below, an Eligible Participant who does not have a Pension Plan Annuity Starting Date prior to
January 1, 2009 may elect to have the Benefit Commencement Date applicable to his or her Non-Grandfathered Benefit be the first day of the month coincident with or next following the later of (i) the
Eligible Participant’s Separation from Service and (ii) the date specified by the Eligible Participant. 

  

	 	(d)	 Within 30 days of becoming an Eligible Participant, or by December 31, 2008, if later, an Eligible
Participant may elect a Benefit Commencement Date for his or her Non-Grandfathered Benefit, and 

  
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such election shall become effective and irrevocable on the date it is received by the Committee, except as allowed in paragraph (e) below and otherwise in accordance with Section 409A
of the Code. 

  

	 	(e)	Unless otherwise made in accordance with paragraph (d) above or as otherwise provided under the provisions of Section 409A of the Code, an election pursuant to paragraph (c) above: 

 

	 	(i)	shall become effective 12 months after the date such election is made; 

  

	 	(ii)	must be made at least 12 months prior to the date payments to the Eligible Participant would otherwise commence pursuant to the Restoration Plan; and 

 

	 	(iii)	the new Benefit Commencement Date under such election must be at least 5 years after the date payments to the Eligible Participant would otherwise commence pursuant to the Restoration Plan. 

An election is deemed to be made on the date such election is received by the Committee. 

 

	 	(f)	Anything in the Restoration Plan to the contrary notwithstanding, no distribution shall be made that would cause the Restoration Plan to violate Section 409A of the Code. 

 

	 	(4)	Preretirement Death Benefits. An Eligible Participant shall elect a beneficiary (or beneficiaries) to receive the benefit payable if the Eligible Participant dies before payments to him or her commence. Such benefit
shall be paid as a one-time lump-sum payment as soon as administratively practicable after the Eligible Participant’s death. If the Eligible Participant does not
designate a beneficiary pursuant to this subsection (4), or if the designated beneficiary predeceases the Eligible Participant, payments shall be in accordance with the order of preference set forth in Section 1.08 of the Pension Plan.

  

	 	(5)	An Eligible Participant’s beneficiary may not elect to defer receipt of the benefits provided under this Restoration Plan or elect a different form of payment. 

  
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	 	(6)	The Restoration Plan benefit paid to the Eligible Participant or beneficiary shall be based on the factors used for determining actuarial equivalence that are set forth in the Pension Plan. 

 

	V.	Miscellaneous 

  

	 	(1)	The Company shall not be required to fund or otherwise segregate assets for the payment of benefits under the Restoration Plan. Benefits under the Restoration Plan shall be paid from the general assets of the Company.
However, the Company may establish a grantor trust or other arrangement in order to aid it in providing benefits due under the Restoration Plan. The assets of said trust or arrangement will be held separate and apart from other Company funds and
shall be used exclusively for the purposes set forth in the Restoration Plan and the applicable documents establishing the trust or other arrangements, subject to the following conditions: 

 

	 	(a)	the creation of said trust or other arrangement shall not cause the Plan to be other than “unfunded” for purposes of Title I of ERISA; 

 

	 	(b)	the Company shall be treated as the “grantor” of any such trust for purposes of Sections 671 and 677 of the Code, and; 

  

	 	(c)	the documents establishing the trust or other arrangement shall provide that the assets held under the trust or other arrangement may be used to satisfy claims of the Company’s general creditors, provided that the
rights of such general creditors are enforceable under federal and state law. 

  

	 	(2)	The Company may amend or terminate the Restoration Plan at anytime. In the event the Restoration Plan is amended or terminated, all benefits that have accrued to an Eligible Participant or the Eligible
Participant’s beneficiary shall not be reduced as a result of such amendment or termination. 

  

	 	(3)	The Committee shall have the exclusive authority, responsibility and discretion to administer and interpret this Restoration Plan in any manner not plainly inconsistent with its terms, and whose determinations shall be
final and binding on all parties, subject to review by the Company. 

  
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	 	(4)	This Restoration Plan shall be binding upon the successors and assigns of the Company and shall inure to the benefit of Eligible Participants, their beneficiaries, heirs, legal representatives, and assigns.

  

	 	(5)	If an Eligible Participant’s benefit is to be paid to a beneficiary in the event of the Eligible Participant’s death prior to the date payments to the Eligible Participant commence, the Eligible Participant
shall have the right anytime to change the designation of such beneficiary. 

  

	 	(6)	This Restoration Plan shall be construed, administered and enforced according to the laws of the State of Connecticut, to the extent not superseded by federal law. 

 

	 	(7)	To the extent permissible by law, the provisions of this Restoration Plan are severable. If any provision of this Restoration Plan shall be held invalid or unenforceable, such invalidity or unenforceability shall not
affect or render invalid or unenforceable any other provision of this Restoration Plan, and the Restoration Plan shall be carried out as if such invalid or unenforceable provision were not contained herein. 

 

	 	(8)	Paragraph headings are used herein for convenience of reference only and shall not affect the meaning of any provision of the Restoration Plan. 

Whenever the context so requires, the use of the masculine gender shall be deemed to include the feminine and vice versa, and the use of the
singular shall be deemed to include the plural and vice versa. 
  

	 	(9)	The Company shall have the right to deduct from each payment to be made under this Restoration Plan any required withholding taxes. 

  

	 	(10)	 If the Committee receives evidence that a person entitled to receive any payment under the Restoration Plan is
physically or mentally incompetent to receive payment and to give a valid release, and another person or any institution is maintaining or has custody or such person, and no guardian, committee, or other representative of the estate of such person
has been duly 

  
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appointed by a court of competent jurisdiction, then any distribution made under this Restoration Plan may be made to such other person or institution. The release of such other person or
institution will be a valid and complete discharge for the payment of such distribution. 

  

	 	(11)	Claims Procedure 

  

	 	(a)	Submission of Claims 

 All claims for benefits under this Restoration Plan shall be in writing
and shall be submitted to the Committee. 
  

	 	(b)	Denial of Claims 

 If any application for payment of a benefit under the this Restoration Plan
shall be denied, the Committee shall notify the claimant within 90 days of such application setting forth the specific reasons therefore and shall afford such claimant a reasonable opportunity for a full and fair review of the decision denying his
or her claim. If special circumstances require an extension of time for processing the claim, the claimant will be furnished with a written notice of the extension prior to the termination of the initial
90-day period. In no event shall such extension exceed a period of 90 days from the end of such initial period. The extension notice shall indicate the special circumstances requiring an extension of time and
the date by which the Committee expects to render its decision. Notice of such denial shall set forth, in addition to the specific reasons for the denial, the following: 
  

	 	(i)	reference to pertinent provisions of this Restoration Plan; 

  

	 	(ii)	such additional information as may be relevant to the denial of the claim, including a description of any information required from the claimant to perfect the claim along with an explanation of why such information is
necessary; 

  

	 	(iii)	an explanation of the claims review procedure and a statement of the claimant’s right to bring an action under section 502(a) of ERISA following an adverse determination on review; and 

  
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	 	(iv)	notice that such claimant is entitled to receive, upon request and free of charge, reasonable access to and copies of all documents, records, and other information relevant to the claimant’s claim for benefits.

 If the claim has not been granted and written notice of the denial of the claim is not furnished within the specified time
period, the claim shall be deemed denied upon the expiration of such specified time period for the purpose of proceeding to the claims review procedure. 
  

	 	(c)	Claims Review Procedure 

 The claimant or his or her authorized representative shall have 60
days after receipt of written notification of a denial of a claim to request a review of the denial by making written request to Committee, and may review pertinent documents and submit issues and comments in writing within such 60-day period. 
 Within 60 days after receipt of the request for review, the Committee shall render and
furnish to the claimant a written decision, which shall include specific reasons for the decision and shall make specific references to pertinent Restoration Plan provisions on which it is based. The claimant shall also be provided with a statement
of his or her right to request and free of charge, reasonable access to and copies of all documents, records and other relevant information, and his or her right to bring an action under section 502(a) of ERISA. If special circumstances required an
extension of time for processing, the decisions shall be rendered as soon as possible, but not later than 120 days after receipt of the request for review, provided that written notice and explanation of the delay are given to the claimant prior to
commencement of the extension. Such decision by the Committee shall not be subject to further review. If a decision on review is not furnished to a claimant within the specified time period, the claim shall be deemed to have been denied on review.

  
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	 	(d)	Exhaustion of Remedy 

 No claimant shall institute any action or proceeding in any state or
federal court of law or equity or before any administrative tribunal or arbitrator for a claim for benefits under this Restoration Plan until the claimant has first exhausted the procedures set forth in this subsection (11). 

  
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