Document:

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                                                                   Exhibit 10.15

                    THE NACCO MATERIALS HANDLING GROUP, INC.
                              UNFUNDED BENEFIT PLAN
                 (AS AMENDED AND RESTATED AS OF JANUARY 1, 2005)

NMHG NQ/2005 Unfunded Restatement

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                      NACCO MATERIALS HANDLING GROUP, INC.
                              UNFUNDED BENEFIT PLAN

     NACCO Materials Handling Group, Inc. (the "Company") does hereby amend and
completely restate the NACCO Materials Handling Group, Inc. Unfunded Benefit
Plan on the terms and conditions described hereinafter, effective as of
January 1, 2005:

                              ARTICLE I - PREFACE

     Section 1.1. Effective Date. The original effective date of this Plan was
February 10, 1993 and the Plan was previously amended and restated as of
September 1, 2000. The effective date of this amendment and restatement is
January 1, 2005.

     Section 1.2. Purpose of the Plan. The purpose of this Plan is (a) to allow
certain employees to defer the receipt of certain long-term incentive
compensation award payments, (b) to provide for certain Employees the benefits
they would have received under the Qualified Plans but for (i) the dollar
limitation on Compensation taken into account under the Qualified Plans as a
result of Section 401(a)(17) of the Code, (ii) the limitations imposed under
Section 415 of the Code, and (iii) the limitations under Sections 402(g),
401(k)(3) and 401(m) of the Code, and (c) to provide for the continued deferral
of certain frozen benefits.

     Section 1.3. Governing Law. This Plan shall be regulated, construed and
administered under the laws of the State of North Carolina, except when
preempted by federal law.

     Section 1.4. Gender and Number. For purposes of interpreting the provisions
of this Plan, the masculine gender shall be deemed to include the feminine, the
feminine gender shall be deemed to include the masculine, and the singular shall
include the plural unless otherwise clearly required by the context.

     Section 1.5. Application of the American Jobs Creation Act ("AJCA").

          (a) The following Sub-Accounts (collectively, the "Pre-2005
Sub-Accounts" (and all earnings thereon) are "grandfathered" under Code Section
409A (as enacted by the AJCA) and, as such, will continue to be governed by the
law applicable to nonqualified deferred compensation prior to the enactment of
Code Section 409A: (i) The LTIP Deferral Sub-Account; (ii) the Yale Short-Term
Deferral Sub-Account, (iii) the Excess Deferral Sub-Account, (iv) amounts
credited to the Excess 401(k) Sub-Account for periods prior to January 1, 2005
(the "Pre-2005 Excess 401(k) Sub-Account"); (v) amounts credited to the Excess
Matching Sub-Account for periods prior to January 1, 2005 (the "Pre-2005 Excess
Matching Sub-Account") and (vi) amounts credited to the Excess Profit Sharing
Sub-Account for pre-2005 Plan Years (including the amount that was credited in
2005 for the 2004 Plan Year) (the "Pre-2005 Excess Profit Sharing Sub-Account").

          (b) The following Sub-Accounts (collectively, the "Post-2004
Sub-Accounts") (and all earnings thereon) are subject to the provisions of Code
Section 409A, as enacted by the AJCA: (i) amounts credited to the Excess 401(k)
Sub-Account for periods on or after January 1, 2005 (the "Post-2004 Excess
401(k) Sub-Account"); (ii) amounts credited to the Excess

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Matching Sub-Account for periods on or after January 1, 2005 (the "Post-2004
Excess Matching Sub-Account") and (iii) amounts credited to the Excess Profit
Sharing Sub-Account for the 2005 Plan Year and beyond (beginning with amounts
credited in 2006 for the 2005 Plan Year) (the "Post-2004 Excess Profit Sharing
Sub-Account"). It is intended that the provisions of the Plan that relate to the
Post-2004 Sub-Accounts be administered in accordance with the requirements of
Code Section 409A, so as to prevent the inclusion in gross income of any amount
credited to the Participant's Post-2004 Sub-Accounts hereunder in a taxable year
that is prior to the taxable year or years in which such amounts would otherwise
actually be distributed or made available to the Participants.

                            ARTICLE II - DEFINITIONS

     Except as otherwise provided in this Plan, terms defined in the Profit
Sharing Plan as it may be amended from time to time shall have the same meanings
when used herein, unless a different meaning is clearly required by the context
of this Plan. In addition, the following words and phrases shall have the
following respective meanings for purposes of this Plan:

     Section 2.1. Account shall mean the record maintained by the Employer in
accordance with Section 4.1 as the sum of the Participant's Excess Retirement
Benefits hereunder. The Participant's Account shall be further divided into the
Sub-Accounts described in Section 1.5 hereof.

     Section 2.2. Beneficiary shall mean the person or persons designated by the
Participant as his Beneficiary under this Plan, in accordance with the
provisions of Article VIII hereof.

     Section 2.3. Bonus shall mean any bonus under the NACCO Materials Handling
Group, Inc. Annual Incentive Compensation Plan that would be taken into account
as Compensation under the Profit Sharing Plan, which is earned with respect to
services performed by a Participant during a Plan Year (whether or not such
Bonus is actually paid to the Participant during such Plan Year). An election to
defer a Bonus under this Plan must be made before the period in which the
services are performed which gives rise to such Bonus.

     Section 2.4. Company shall mean NACCO Materials Handling Group, Inc. or any
entity that succeeds NACCO Materials Handling Group, Inc. by merger,
reorganization or otherwise.

     Section 2.5. Compensation shall have the same meaning as under the Profit
Sharing Plan, except that (a) Compensation shall be deemed to include (i) the
amount of compensation deferred by the Participant under this Plan, excluding,
however, LTIP Deferral Benefits and (ii) amounts in excess of the limitation
imposed by Code Section 401(a)(17) and (b) Compensation shall be deemed to
exclude cash compensation which is paid for special perquisites, such as country
club dues and company plane allowances. Notwithstanding the foregoing, (1) cash
allowances in lieu of general perquisites that are paid to substantially all
Participants shall be included in the definition of Compensation hereunder and
(2) the timing and crediting of Bonuses hereunder shall be as specified in
Section 3.3.

     Section 2.6. Employer shall mean the Company and NMHG Oregon, LLC (known as
NMHG Oregon, Inc. for periods prior to the close of business on December 31,
2005).

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     Section 2.7. Excess Retirement Benefit or Benefit shall mean an LTIP
Deferral Benefit, Yale Short-Term Deferral Benefit, Excess Profit Sharing
Benefit, Excess 401(k) Benefit, Excess Matching Benefit or Excess Deferral
Benefit (all as described in Article III) which is payable to or with respect to
a Participant under this Plan.

     Section 2.8. Fixed Income Fund shall mean the Stable Asset Fund under the
Profit Sharing Plan or any equivalent fixed income fund thereunder which is
designated by the NACCO Industries, Inc. Retirement Funds Investment Committee
as the successor to the Stable Asset Fund.

     Section 2.9. 401(k) Employee shall mean an Employee of an Employer who is a
Participant in the Profit Sharing Plan who is eligible to receive Before-Tax
Contributions and Matching Employer Contributions thereunder.

     Section 2.10. Insolvent. For purposes of this Plan, an Employer shall be
considered Insolvent at such time as it (a) is unable to pay its debts as they
mature, or (b) is subject to a pending voluntary or involuntary proceeding as a
debtor under the United States Bankruptcy Code (or similar foreign law).

     Section 2.11. Key Employee shall mean a key employee, as defined in Section
416(i) of the Code (without regard to paragraph (5) thereof), of an Employer as
long as the stock of NACCO Industries, Inc. (or a related entity) is publicly
traded on an established securities market or otherwise on the date of the
Employee's Termination of Employment. Key Employees are identified on a
Controlled Group-wide basis and include non-resident alien Employees (whether or
not such Employees are eligible to participate in the Plan). The selected
identification date for Key Employees is December 31st. As such, any Employee
who is classified by the Company as a Key Employee as of December 31st of a
particular Plan Year shall maintain such classification for the 12-month period
commencing the following April 1st. The Company shall have the sole and absolute
discretion to classify Employees as Key Employees hereunder. To the extent
determined by the Company, such classification may include up to 75 highly
compensated Employees (including some who do not meet the statutory requirements
of a Key Employee) as long as such determination is made in a consistent,
reasonable and good faith manner.

     Section 2.12. LTIP Plan shall mean (a) the NACCO Materials Handling Group,
Inc. Long-Term Incentive Compensation Plan (Effective January 1, 1990 and
terminated May 5, 2000) or (b) the NACCO Materials Handling Group, Inc.
Long-Term Incentive Compensation Plan (As Amended and Restated Effective January
1, 2005) or the NACCO Materials Handling Group, Inc. Senior Executive Long-Term
Executive Compensation Plan (As Amended and Restated Effective January 1, 2005),
but only with respect to LTIP Awards with Grant Dates of January 1, 2001,
January 1, 2003 and January 1, 2004.

     Section 2.13. Participant.

          (a) For purposes of Section 3.1 of the Plan, the term "Participant"
means an Employee of an Employer who is a Participant in the profit sharing
portion of the Profit Sharing Plan (i) whose profit sharing benefit for a Plan
Year is limited by the application of Section

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401(a)(17) or 415 of the Code and (ii) whose base salary or annual base rate of
pay for such Plan Year was at least $115,000.

          (b) For purposes of Sections 3.3 and 3.4 of the Plan, the term
"Participant" means a 401(k) Employee (i) who is unable to make all of the
Before-Tax Contributions that he has elected to make to the Profit Sharing Plan,
or is unable to receive the maximum amount of Matching Contributions under the
Profit Sharing Plan due to the limitations of Section 402(g), 401(a)(17),
401(k)(3) and 401(m) of the Code and (ii) whose base salary or annual base rate
of pay for the Plan Year in which a deferral election is effective is at least
$115,000.

          (c) For purposes of Section 3.5 of the Plan, the term "Participant"
means an Employee of an Employer (i) who is a participant in the LTIP Plan, (ii)
who, both at the time the deferral election is required and the time the
deferral becomes effective, is either a U.S. citizen or a nonresident alien who
is covered on a U.S. payroll and (iii) whose base salary or annual base rate of
pay for the Plan Year in which a deferral election is required was at least
$115,000 (U.S.). In addition, the Employee must either be an active Employee at
the time the deferral becomes effective or must have "Retired" as such term is
defined in the LTIP Plan.

          (d) The term "Participant" shall also include any other person who has
an Account balance hereunder or who was defined as a participant in a prior
version of this Plan.

     Section 2.14. Plan shall mean the NACCO Materials Handling Group, Inc.
Unfunded Benefit Plan, as herein set forth or as duly amended.

     Section 2.15. Plan Administrator shall mean the Administrative Committee of
the Profit Sharing Plan.

     Section 2.16. Plan Year shall mean the calendar year.

     Section 2.17. Profit Sharing Employee shall mean an Employee of an Employer
who is a participant in the Profit Sharing Plan and who is eligible for Profit
Sharing Contributions.

     Section 2.18. Profit Sharing Plan shall mean the NACCO Materials Handling
Group, Inc. Profit Sharing Retirement Plan or any successor thereto.

     Section 2.19. ROTCE shall mean the Company's consolidated return on total
capital employed, as determined by the Compensation Committee for purposes of
the NACCO Materials Handling Group, Inc. Annual Incentive Compensation Plan as
in effect for the particular Plan Year.

     Section 2.20. Termination of Employment means a separation of service as
defined in Code Section 409A (and the regulations or other guidance issued
thereunder).

     Section 2.21. Unforeseeable Emergency shall mean an event which results in
a severe financial hardship to the Participant as a consequence of (a) an
illness or accident of the Participant, the Participant's spouse or a dependent
within the meaning of Code Section 152(a), (b) loss of the Participant's
property due to casualty or (c) other similar extraordinary and unforeseeable
circumstances arising as a result of events beyond the control of the
Participant.

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     Section 2.22. Valuation Date shall mean the last day of each Plan Year and
any other date chosen by the Plan Administrator.

                    ARTICLE III - EXCESS RETIREMENT BENEFITS

     Section 3.1. Excess Profit Sharing Benefits. Each Employer shall credit to
a Sub-Account (the "Excess Profit Sharing Sub-Account") established for each
Participant who is both an Employee of such Employer and a Profit Sharing
Employee, an amount equal to the excess, if any, of (i) the amount of the
Employer's Profit Sharing Contribution which would have been made to the profit
sharing portion of the Profit Sharing Plan on behalf of the Participant if (1)
such Plan did not contain the limitations imposed under Sections 401(a)(17) and
415 of the Code and (2) the term "Compensation" (as defined in Section 2.5
hereof) were used for purposes of determining the amount of profit sharing
contributions under the Profit Sharing Plan, over (ii) the amount of the
Employer's Profit Sharing Contribution which is actually made to such Plan on
behalf of the Participant for such Plan Year (the "Excess Profit Sharing
Benefits").

     Section 3.2. Frozen Benefits. The Accounts of certain Participants contain
amounts allocated to (a) an Excess Deferral Sub-Account (the "Excess Deferral
Benefits") and (b) a Yale Short-Term Deferral Sub-Account (the "Yale Short-Term
Deferral Benefits") hereunder. No additional amounts (other than earnings) shall
be credited to these Sub-Accounts.

     Section 3.3. Basic and Additional Excess 401(k) Benefits.

          (a) Amount of Excess 401(k) Benefits. Each 401(k) Employee who is a
Participant may, prior to each December 31st , by completing an approved
deferral election form, direct his Employer to reduce his Compensation for the
next Plan Year by an amount equal to the difference between (i) a specified
percentage, in 1% increments, with a maximum of 25%, of his Compensation for the
Plan Year, and (ii) the maximum Before-Tax Contributions actually permitted to
be contributed for him to the Profit Sharing Plan for such Plan Year by reason
of the application of the limitations under Sections 402(g), 401(a)(17) and
401(k)(3) of the Code. All amounts deferred under this Section shall be referred
to herein collectively as the "Excess 401(k) Benefits." Notwithstanding the
foregoing, a 401(k) Employee's direction to reduce a Bonus earned during a
particular Plan Year shall be made no later than December 31st of the Plan Year
preceding the Plan Year in which the Bonus commences to be earned and, as a
result, Bonuses that are paid in 2005 shall not be taken into account for
purposes of calculating Excess 401(k) Benefits hereunder.

          (b) Consequences of Deferral Election. Any direction by a Participant
to defer Compensation under Subsection (a) shall be effective with respect to
Compensation otherwise payable to the Participant for the Plan Year for which
the deferral election form is effective and the Participant shall not be
eligible to receive such Compensation. Instead, such amounts shall be credited
to the Participant's Excess 401(k) Sub-Account hereunder. Any such direction
shall be irrevocable with respect to Compensation earned for such Plan Year, but
shall have no effect on Compensation earned in subsequent Plan Years. A new
deferral election will be required for each Plan Year under the Plan.

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          (c) Classification of Excess 401(k) Benefits. The Excess 401(k)
Benefits for a particular Plan Year shall be calculated monthly and shall be
further divided into the "Basic Excess 401(k) Benefits" and the "Additional
Excess 401(k) Benefits" as follows:

          (i) The Basic Excess 401(k) Benefits shall be determined by
multiplying each Excess 401(k) Benefit by a fraction, the numerator of which is
the lesser of the percentage of Compensation elected to be deferred in the
deferral election form for such Plan Year or 7% and the denominator of which is
the percentage of Compensation elected to be deferred; and

          (ii) The Additional Excess 401(k) Benefits (if any) shall be
determined by multiplying each Excess 401(k) Benefit by a fraction, the
numerator of which is the difference between (1) the percentage of Compensation
elected to be deferred in the deferral election form for such Plan Year and (2)
7%, and the denominator of which is the percentage of Compensation elected to be
deferred.

     The Basic Excess 401(k) Benefits shall be credited to the Basic Excess
     401(k) Sub-Account under this Plan and the Additional Excess 401(k)
     Benefits shall be credited to the Additional Excess 401(k) Sub-Account
     hereunder.

          (d) Time and Form of Payment. Amounts credited to a Participant's
Pre-2005 Excess 401(k) Sub-Account and Post-2004 Excess 401(k) Sub-Account shall
be paid at the time, and in the form, specified in Article VII hereof.

          (e) Post Payment Date Deferrals. Notwithstanding any provision of the
Plan to the contrary, in the event that a Participant elects to receive his
Post-2004 Excess 401(k) Sub-Account at a specified age (or the earlier of a
specified age or Termination of Employment) and the Participant continues to be
employed past such date, the Participant shall not be entitled to defer any
additional Compensation hereunder.

          (f) Automatic Termination of Deferral Election due to Hardship. The
deferral election of a Participant whose eligibility to make Salary Deferral
Contributions to the Profit Sharing Plan has been involuntarily suspended
because he has taken a Hardship withdrawal shall automatically terminate. Such
termination shall be in effect for the remainder of the Plan Year in which he
receives such Hardship withdrawal (or, if later, the end of the Plan Year that
includes the end of his period of suspension from the Profit Sharing Plan). As a
result, the Participant shall be required to reenroll in this Plan effective as
of the next applicable January 1st.

     Section 3.4. Excess Matching Benefits. A 401(k) Employee who is a
Participant shall have credited to his Basic Excess Matching Sub-Account an
amount equal to the Matching Employer Contributions attributable to the Basic
Excess 401(k) Benefits that he is prevented from receiving under the Profit
Sharing Plan because of the limitations of Code Sections 402(g), 401(a)(17),
401(k)(3) and 401(m) of the Code (the "Excess Matching Benefits"). Payment of
the Participant's Basic Excess Matching Sub-Account shall be made at the same
time and in the same form as the payment of the Participant's corresponding
Basic Excess 401(k) Sub-Account.

     Section 3.5. LTIP Deferral Benefits.

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          (a) Each Participant may, by completing an approved deferral election
form, direct his Employer:

          (i) to reduce an Award with a Grant Date of January 1, 2001, January
1, 2003 or January 1, 2004 (as such terms are defined in the LTIP Plan) which
has been deferred until the tenth anniversary of the Grant Date of such Award
and thereby extinguish his entitlement under the LTIP Plan to 100% of such
deferred Award; and

          (ii) to credit the amount of the reduction (the "LTIP Deferral
Benefits") to the LTIP Deferral Sub-Account hereunder. Such election must be
made no later than one-year prior to the date such Award would otherwise be
payable to the Participant under the LTIP Plan (or six months prior to
Retirement, if later).

          (b) In addition, certain Awards which were deferred under the LTIP
Plan will automatically be transferred to this Plan in the case of a
Participant's "Retirement" (as defined in the LTIP Plan) in which case such
Awards will also be credited to the Participant's LTIP Deferral Sub-Account
hereunder.

          (c) While separate deferral elections may be entered into with respect
to each Award payable under the LTIP Plan, any direction by a Participant to
defer receipt of a specific Award and to receive LTIP Deferral Benefits in lieu
thereof shall be irrevocable with respect to that Award, subject to the terms
hereof and in the LTIP Plan.

          (d) Time and Form of Payment. Amounts credited to a Participant's LTIP
Deferral Sub-Account shall be paid at the time, and in the form, specified in
Article VII hereof.

          (e) Post Payment Date Deferrals. Notwithstanding any provision of the
Plan to the contrary, in the event that a Participant elected to receive his
LTIP Deferral Sub-Account at a specified age (or the earlier of a specified age
or termination of employment) and the Participant continues to be employed past
such date, the Participant shall be prohibited from deferring any additional
LTIP Awards hereunder.

                             ARTICLE IV - ACCOUNTS

     Section 4.1. Participants' Accounts. Each Employer shall establish and
maintain on its books an Account for each Participant which shall contain the
following entries:

          (a) Credits to an Excess Profit Sharing Sub-Account for the Excess
Profit Sharing Benefits described in Section 3.1, which shall be credited to the
Sub-Account at the time the Profit Sharing Contributions are otherwise credited
to Participants' accounts under the Profit Sharing Plan.

          (b) Credits to the Excess Deferral Sub-Account and the Yale Short-Term
Deferral Sub-Account at the time specified in prior Plan documents for such
Benefits.

          (c) Credits to a Basic or Additional Excess 401(k) Sub-Account for the
Basic and Additional Excess 401(k) Benefits described in Section 3.3, which
shall be credited to the

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Sub-Account when a 401(k) Employee is prevented from making a Before-Tax
Contribution under the Profit Sharing Plan.

          (d) Credits to a Basic Excess Matching Sub-Account for the Excess
Matching Benefits described in Section 3.4, which amounts shall be credited to
the Sub-Account when a 401(k) Employee is prevented from receiving Matching
Employer Contributions under the Profit Sharing Plan.

          (e) Credits to an LTIP Deferral Sub-Account for the LTIP Deferral
Benefits described in Section 3.5, which shall be credited to the Sub-Account as
soon as practicable following the time the Award would otherwise be payable to
the Participant under the LTIP Plan.

          (f) Credits to all Sub-Accounts for the earnings described in Article
V, which shall continue until the such Sub-Accounts have been distributed to the
Participant or his Beneficiary.

          (g) Debits for any distributions made from the Sub-Accounts and any
amounts forfeited under Section 7.4.

          (h) The Employers shall make the above-described credits and debits to
the Participant's Pre-2005 Sub-Accounts or Post-2004 Sub-Accounts, as
applicable.

                              ARTICLE V - EARNINGS

     Section 5.1. Earnings on Basic Sub-Accounts and Profit Sharing
Sub-Accounts.

          (a) Subject to Subsection (b) and Section 5.4, at the end of each
calendar month during a Plan Year, the Excess Profit Sharing Sub-Account, Basic
Excess Deferral Sub-Account, Basic Excess 401(k) Sub-Account and Basic Excess
Matching Sub-Account of each Participant shall be credited with an amount
determined by multiplying such Participant's average Sub-Account balance during
such month by the blended rate earned during such month by the Fixed Income
Fund. Notwithstanding the foregoing, in the event that the ROTCE determined for
such Plan Year that is applicable to the Participant exceeds the rate credited
to the Sub-Accounts under the preceding sentence, such Sub-Accounts shall
retroactively be credited with the difference between (i) the amount determined
under the preceding sentence, and (ii) the amount determined by multiplying the
Participant's average Sub-Account balance during each month of such Plan Year by
the ROTCE determined for such Plan Year, compounded monthly.

          (b) The ROTCE calculation described in Subsection (a) shall be made
during the month in which the Participant terminates employment and shall be
based on the year-to-date ROTCE for the month ending prior to the date the
Participant terminated employment, as calculated by the Company. For any
subsequent month following termination, such ROTCE calculation shall not apply.
The Fixed Income Fund calculation described above for the month in which the
Participant receives a distribution from his Sub-Account shall be based on the
blended rate earned during the preceding month by the Fixed Income Fund.

          Section 5.2. Earnings on Additional Sub-Accounts and the Yale
Short-Term Sub-Account. Subject to Section 5.4, at the end of each calendar
month during the Plan Year, the

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Additional Excess Deferral Sub-Account, Additional Excess 401(k) Sub-Account and
Yale Short-Term Deferral Sub Account of each Participant shall be credited with
an amount determined by multiplying such Participant's average Sub-Account
balance during such month by the blended rate earned during such month by the
Fixed Income Fund. The earnings calculation for the month in which the
Participant receives a distribution from his Sub-Account shall be based on the
blended rate earned during the preceding month by the Fixed Income Fund.

     Section 5.3. Earnings on LTIP Deferral Sub-Accounts. Subject to Section
5.4, at the end of each calendar month during a Plan Year, the LTIP Deferral
Sub-Account of each Participant shall be credited with an amount determined by
multiplying such Participant's average Sub-Account balance during such month by
the "10-Year U.S. Treasury Yield" plus 2.0%. For purposes hereof, the 10-Year
U.S. Treasury Yield shall be the 10 year yield on U.S. Treasury issues as listed
in the Bond Market Data Bank for the last day of the preceding calendar quarter
as printed in the Wall Street Journal (or as published on the Website for the
Wall Street Journal). In the event that a yield is not listed for a maturity
exactly 10 years from the calendar quarter end, the next preceding chronological
treasury bond issue yield shall be used.

     Section 5.4. Changes in/Limitations on Earnings Assumption.

          (a) To the extent not prohibited by Code Section 409A, the Company
(with the approval or ratification of the NACCO Industries, Inc. Benefits
Committee (the "Benefits Committee")) may change (but not suspend) the earnings
rate credited on Accounts under the Plan at any time.

          (b) Notwithstanding any provision of the Plan to the contrary, in no
event will earnings on Accounts for a Plan Year be credited at a rate which
exceeds 14%.

                              ARTICLE VI - VESTING

     Section 6.1. Vesting. A Participant shall always be 100% vested in all
amounts credited to his Account hereunder.

             ARTICLE VII - TIME AND FORM OF PAYMENT TO PARTICIPANTS

     Section 7.1. Excess Profit Sharing Benefits.

          (a) Pre-2005 Excess Profit Sharing Sub-Accounts. For amounts allocated
to a Participant's Pre-2005 Excess Profit Sharing Sub-Account, the Participant
was previously required to make an IRREVOCABLE election to receive his entire
Pre-2005 Excess Profit Sharing Sub-Account either (A) at termination of
employment in the form of a lump sum or (B) at the same time and in the same
form as his Pre-2005 Excess 401(k) Sub-Account. If a Participant failed to make
a timely election by December 1, 2004, he shall be deemed to have elected to
receive his Pre-2005 Excess Profit Sharing Sub-Account in the form of a lump sum
payment at Termination of Employment.

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                                       10

          (b) Post-2004 Excess Profit Sharing Sub-Accounts. Amounts allocated to
a Participant's Post-2004 Excess Profit Sharing Sub-Account shall automatically
be paid in the form of a lump sum payment at Termination of Employment.

          (c) Additional Rules. Notwithstanding the foregoing, the payment of
Excess Profit Sharing Benefits shall not occur until the date on which all
amounts allocable to the Participant's Excess Profit Sharing Sub-Account for the
year of termination have been credited to such Sub-Account.

     Section 7.2. Excess Matching Sub-Account. The Excess Matching Sub-Account
shall be paid at the same time and in the same form as the Participant's
corresponding Excess 401(k) Sub-Account.

     Section 7.3. Excess Deferral Benefits, Excess 401(k) Benefits and LTIP
Deferral Benefits.

          (a) Payment Dates.

          (i) In General. The initial deferral elections made by a Participant
under Sections 3.2, 3.3 and 3.5 above shall also contain such Participant's
IRREVOCABLE election regarding the payment date(s) of the Participant's entire
Excess Deferral Sub-Account, Excess 401(k) Sub-Account and LTIP Deferral
Sub-Account, provided that (1) separate elections may be made for each such
Sub-Account and (2) separate elections may be made for the Pre-2005 Sub-Accounts
and the Post-2004 Sub-Accounts. A Participant who does not timely and properly
file such an election form shall be deemed to have elected to receive his Excess
Deferral, Excess 401(k) and LTIP Deferral Sub-Accounts as soon as practicable
following the date on which the Participant ceases to be an Employee of the
Controlled Group (for Pre-2005 Sub-Accounts) or incurs a Termination of
Employment (for Post-2004 Sub-Accounts).

          (ii) Available Dates. The Participant may elect to commence payment of
the Excess Deferral Sub-Account, the Pre-2005 Excess 401(k) Sub-Account and the
LTIP Deferral Sub-Account as soon as practicable following (A) the date on which
he ceases to be an Employee of the Controlled Group, (B) the date on which he
attains an age specified in the election form or (C) the earlier or later of
such dates. The Participant may elect to commence payment of the Post-2004
Excess 401(k) Sub-Account as soon as practicable following (X) the date on which
he incurs a Termination of Employment, (Y) the date he attains a specified age
or (Z) the earlier of such dates.

          (b) Form of Payment for Pre-2005 Sub-Accounts.

          (i) Normal Form of Payment for Pre-2005 Sub-Accounts. Each such
Sub-Account shall be distributed to the Participant in the form of ten annual
installments. These installment payments shall be based on the value of the
particular Sub-Account on the Valuation Date immediately preceding the date such
installment is to be paid, with each installment being a fraction of such value
in which the numerator is one and the denominator is the total number of
remaining installments to be paid. The first installment payment shall be paid
as soon as practicable after the designated payment date, with each additional
installment being paid in the month of January of each succeeding calendar year.

<PAGE>

                                       11

          (ii) Optional Forms of Payment for Pre-2005 Sub-Accounts.
Notwithstanding clause (i) hereof, the Participant may elect to receive the
amount credited to his Excess Deferral Sub-Account, his Pre-2005 Excess 401(k)
Sub-Account (and corresponding Pre-2005 Excess Matching Sub-Account) and/or his
LTIP Deferral Sub-Account in the form of a single lump sum payment or in annual
installments for a period of less than 10 years by filing a notice in writing,
signed by the Participant and filed with the Plan Administrator while the
Participant is alive and at least one year prior to the designated payment date.
Any such election of the form of benefit may be changed at any time and from
time to time, without the consent of any other person, by filing a later
election in writing that is signed by the Participant and filed with the Plan
Administrator while the Participant is alive and at least one year prior to the
designated payment date. Any such lump sum payment shall be paid as soon as
practicable following the later of (A) the designated payment date or (B) the
date on which all amounts allocable to the particular Sub-Account for the year
of such termination have been credited to the such Sub-Account.

          (c) Form of Payment for Post-2004 Excess 401(k) and Matching
Sub-Accounts. The Participant shall elect a form of payment for his Post-2004
Excess 401(k) Sub-Account (which shall automatically apply to his Post-2004
Excess Matching Sub-Account) prior to December 31, 2004 (or when he makes his
initial Post-2004 Compensation deferral election, if later). He may elect to
receive such Sub-Account in the form of a lump sum payment or in the form of
annual installment payments (for 10 or fewer years). These installment payments
shall be based on the value of the particular Sub-Account on the Valuation Date
immediately preceding the date such installment is to be paid, with each
installment being a fraction of such value in which the numerator is one and the
denominator is the total number of remaining installments to be paid. The first
installment payment shall be paid as soon as practicable after the designated
payment date, with each additional installment being paid on, or as soon as
practicable after, the anniversary date thereof in each succeeding calendar
year. Installment payments from Post-2004 Sub-Accounts will be classified as a
single payment for purposes of Section 409A of the Code. If the Participant does
not make a timely election regarding the form of payment, his Post-2004 Excess
401(k) Sub-Account (and corresponding Post-2004 Excess Matching Sub-Account)
shall be distributed in the form of a single lump sum payment. Once made, the
election (or deemed election) of a form of payment under this Subsection (c)
shall be IRREVOCABLE.

          (d) Yale Short-Term Deferral Sub-Account. The Yale Short-Term Deferral
Sub-Account shall commence to be paid to the Participant (i) in the form of five
annual installments with each installment being based on the value of the Yale
Short-Term Deferral Sub-Account on the Valuation Date preceding the date on
which such installment is to be paid and being a fraction of such value in which
the numerator is one and the denominator is the total number of remaining
installments to be paid, and (ii) commencing in the January following the date
on which the Participant ceases to be an Employee of the Controlled Group.
Subsequent installment payments shall be paid in each succeeding January.

          (e) Unforeseeable Emergency Distributions. Notwithstanding the
foregoing, the Plan Administrator may at any time, upon written request of the
Participant, cause to be paid to such Participant an amount equal to all or any
part of the Participant's Excess Deferral Sub-Account and/or Excess 401(k)
Sub-Account and/or Excess Matching Sub-Account if the Plan Administrator
determines, in its absolute discretion based on such reasonable evidence that it

<PAGE>

                                       12

shall require, that such a payment or payments is necessary for the purpose of
alleviating the consequences of an Unforeseeable Emergency occurring with
respect to the Participant. Payments made on account of an Unforeseeable
Emergency shall be permitted only to the extent the amount does not exceed the
amount reasonably necessary to satisfy the emergency need (plus an amount
necessary to pay taxes and penalties reasonably anticipated as a result of the
distribution) and may not be made to the extent such Unforeseeable Emergency is
or may be relieved through reimbursement or compensation by insurance or
otherwise or by liquidation of the Participant's assets (to the extent such
liquidation would not itself cause severe financial hardship). Unforeseeable
Emergency distributions shall be paid to the Participant in the form of a lump
sum payment as soon as practicable after such distribution request is approved
and processed by the Plan Administrator.

     Section 7.4. Withdrawals from Pre-2005 Sub-Accounts Subject to a 10%
Penalty. Notwithstanding any provision of the Plan to the contrary, (a) a
Participant who is an Employee may, at any time (and from time to time) elect in
writing to receive a withdrawal of 100% of his Additional Excess Deferral
Sub-Account, his Additional Pre-2005 Excess 401(k) Sub-Account, the Yale
Short-Term Deferral Sub-Account and/or his LTIP Deferral Sub-Account and (b) a
Participant who has ceased to be an Employee of the Controlled Group may also
elect in writing to receive a withdrawal of 100% of his Basic Excess Deferral
Sub-Account, Pre-2005 Basic Excess 401(k) Sub-Account, Pre-2005 Excess Matching
Sub-Account and/or his Pre-2005 Excess Profit Sharing Sub-Account. Withdrawals
under this Section shall be equal to the entire amount credited to any such
Sub-Account at the time of the withdrawal, less 10% and shall be paid to the
Participant in the form of a lump sum payment as soon as practicable after the
withdrawal request is approved and processed by the Plan Administrator. Such 10%
reduction shall be treated as a forfeiture hereunder and shall immediately be
subtracted from the applicable Sub-Account, never to be restored. Such
forfeitures shall inure to the benefit of the Company and shall be used to pay
Excess Retirement Benefits and/or the administrative expenses of the Plan.

     Section 7.5. Other Payment Rules and Restrictions.

     (a)  Payments From Post-2004 Sub-Accounts Violating Contractual
          Requirements. Notwithstanding any provision of the Plan to the
          contrary, the payment of all or any portion of the amounts payable
          hereunder from a Participant's Post-2004 Sub-Accounts will be deferred
          to the extent that the Company reasonably anticipates that the making
          of such payment would violate a term of a loan agreement or other
          similar contract to which the Company is a party and the violation
          will cause material harm to the Company. The deferred amount shall
          become payable at the earliest date at which the Company reasonably
          anticipates that making the payment will not cause such violation, or
          such violation will not cause material harm to the Company.

     (b)  Payments Violating Applicable Law. Notwithstanding any provision of
          the Plan to the contrary, the payment of all or any portion of the
          amounts payable hereunder will be deferred to the extent that the
          Company reasonably anticipates that the making of such payment would
          violate Federal securities laws or other applicable law (provided that
          the making of a payment that would cause income taxes or penalties
          under the Code shall not be treated as a violation of applicable law).
          The deferred amount shall become payable at

<PAGE>

                                       13

          the earliest date at which the Company reasonably anticipates that
          making the payment will not cause such violation.

     (c)  Cash Out of Small Pre-2005 Sub-Accounts or Small Pre-2005 Installment
          Payments. Notwithstanding any provision of the Plan to the contrary,
          (i) in the event that the sum of a Participant's Pre-2005 Sub-Account
          balances do not exceed $50,000 on the date of the Participant's
          termination of employment with the Controlled Group, such Sub-Accounts
          shall automatically be paid to him in a single lump sum payment as
          soon as practicable following the date of his termination of
          employment with the Controlled Group and (ii) in no event will any
          installment payment from a Participant's Pre-2005 Sub-Accounts be less
          than $10,000 and this $10,000 minimum installment payment shall
          override and supersede any form of payment election made by a
          Participant. In the event that any elected installment payment would
          be less than $10,000, a Participant shall automatically receive an
          installment payment equal to the lesser of $10,000 or the value of the
          applicable Sub-Accounts. Such $10,000 installment payments shall
          continue in effect until the Sub-Account balances are exhausted.

     (d)  Cash-Out of Small Post-2004 Sub Accounts. Notwithstanding any
          provision of the Plan to the contrary, in the event that the sum of a
          Participant's Post-2004 Sub-Account balances (plus any other amounts
          that are required to be aggregated therewith under Code Section 409A)
          do not exceed $50,000 on the date of the Participant's Termination of
          Employment, such Sub-Accounts shall automatically be paid to him in a
          single lump sum payment at the latest of (A) the date of his
          Termination of Employment or (B) the end of the 6-month period
          described in Subsection (f) below for Key Employees.

     (e)  Insolvency. Notwithstanding any provision of the Plan to the contrary
          (but except as otherwise provided in Article XI), an Employer shall
          not be required to make any payment hereunder to any Participant or
          Beneficiary if the Employer is Insolvent at the time such payment is
          due to be made or if the payment would jeopardize the solvency of the
          Employer; provided that the payment shall be made during the first
          calendar year in which the funds of the Employer are sufficient to
          make the payment without jeopardizing the solvency of the Employer.

     (f)  Key Employees. Notwithstanding any provision of the Plan to the
          contrary, distributions of Post-2004 Sub-Accounts to Key Employees
          made on account of a Termination of Employment may not be made before
          the date that is six months after such Termination of Employment (or,
          if earlier, the date of death) except for payments made on account of
          (i) a QDRO (as specified in Section 9.5) or (ii) a conflict of
          interest or the payment of FICA taxes (as specified in Subsection (g)
          below). Any amounts that are otherwise payable to the Key Employee
          during the 6-month period following his Termination of Employment
          shall be accumulated and paid in a lump sum make-up payment as soon as
          practicable following the end of such 6-month period.

     (g)  Time of Payment/Processing. All payments under the Plan shall be made
          on, or as soon as practicable after, the specified payment date (and,
          in any event, no later than December 31 of the year that includes the
          specified payment date or, if later, by the 15th day of the third
          calendar month following the specified payment date). Notwithstanding

<PAGE>

                                       14

          the foregoing, if the calculation of the amount payable from the
          Post-2004 Sub-Accounts is not administratively practicable due to
          events beyond the control of the Company and the Participant, the
          payment shall be made during the first calendar year in which the
          payment is administratively practicable.

     (h)  Acceleration of Payments. Notwithstanding any provision of the Plan to
          the contrary, payments of Post-2004 Sub-Accounts hereunder may be
          accelerated (i) to the extent necessary to comply with a certificate
          of divestiture (as defined in Code Section 1043(b)(2)) or (ii) to the
          extent necessary to pay the FICA taxes imposed on benefits hereunder
          under Code Section 3101, and the income withholding taxes related
          thereto. Payments may also be accelerated if the Plan (or a portion
          thereof) fails to satisfy the requirements of Code Section 409A;
          provided that the amount of such payment may not exceed the amount
          required to be included as income as a result of the failure to comply
          with Code Section 409A.

                          ARTICLE VIII - BENEFICIARIES

     Section 8.1. Beneficiary Designations. A designation of a Beneficiary
hereunder may be made only by an instrument (in form acceptable to the Plan
Administrator) signed by the Participant and filed with the Plan Administrator
prior to the Participant's death. Separate Beneficiary designations may be made
for each Sub-Account under the Plan (provided that a single Beneficiary must be
designated for both the Excess 401(k) Sub-Account and the corresponding Excess
Matching Sub-Account). In the absence of such a designation and at any other
time when there is no existing Beneficiary designated hereunder, (a) the
Beneficiary of a Participant for his Excess 401(k) Benefits, his Excess Matching
Benefits and his Excess Profit Sharing Benefits shall be his beneficiary under
the Profit Sharing Plan, and (b) the Beneficiary of a Participant for his Excess
Deferral Benefits, his LTIP Deferral Benefits and his Yale Short-Term Benefits
shall be his surviving legal spouse or, if none, his estate. A person designated
by a Participant as his Beneficiary who or which ceases to exist shall not be
entitled to any part of any payment thereafter to be made to the Participant's
Beneficiary unless the Participant's designation specifically provided to the
contrary. If two or more persons designated as a Participant's Beneficiary are
in existence with respect to a single Sub-Account, the amount of any payment to
the Beneficiary under this Plan shall be divided equally among such persons
unless the Participant's designation specifically provides for a different
allocation.

     Section 8.2. Change in Beneficiary. Anything herein or in the Profit
Sharing Plan to the contrary notwithstanding, a Participant may, at any time and
from time to time, change a Beneficiary designation hereunder without the
consent of any existing Beneficiary or any other person. A change in Beneficiary
hereunder may be made regardless of whether such a change is also made under the
Profit Sharing Plan. In other words, the Beneficiary hereunder need not be the
same as under the Profit Sharing Plan. Any change in Beneficiary shall be made
by giving written notice thereof to the Employer or Plan Administrator and any
change shall be effective only if received prior to the death of the
Participant.

     Section 8.3. Distributions to Beneficiaries.

<PAGE>

                                       15

          (a) Amount of Benefits. Excess Retirement Benefits payable to a
Participant's Beneficiary under this Plan shall be equal to the balance in the
applicable Sub-Account of such Participant on the Valuation Date preceding the
date of the distribution of the Sub-Account to the Beneficiary.

          (b) Time of Payment. Excess Retirement Benefits payable to a
Beneficiary under this Plan shall be paid as soon as practicable following the
death of the Participant.

          (c) Form of Payment. All Benefits payable to a Beneficiary hereunder
shall be paid in the form of a lump sum payment.

                           ARTICLE IX - MISCELLANEOUS

     Section 9.1. Liability of Employers. Nothing in this Plan shall constitute
the creation of a trust or other fiduciary relationship between an Employer and
any Participant, Beneficiary or any other person.

     Section 9.2. Limitation on Rights of Participants and Beneficiaries - No
Lien. This Plan is designed to be an unfunded, nonqualified plan. Nothing
contained herein shall be deemed to create a trust or lien in favor of any
Participant or Beneficiary on any assets of an Employer. The Employers shall
have no obligation to purchase any assets that do not remain subject to the
claims of the creditors of the Employers for use in connection with the Plan. No
Participant or Beneficiary or any other person shall have any preferred claim
on, or any beneficial ownership interest in, any assets of the Employers prior
to the time that such assets are paid to the Participant or Beneficiary as
provided herein. Each Participant and Beneficiary shall have the status of a
general unsecured creditor of his Employer. The amount standing to the credit of
any Participant's Sub-Account is purely notional and affects only the
calculation of benefits payable to or in respect of him. It does not give the
Participant any right or entitlement (whether legal, equitable or otherwise) to
any particular assets held for the purposes of the Plan or otherwise.

     Section 9.3. No Guarantee of Employment. Nothing in this Plan shall be
construed as guaranteeing future employment to Participants. A Participant
continues to be an Employee of an Employer solely at the will of such Employer
subject to discharge at any time, with or without cause.

     Section 9.4. Payment to Guardian. If a Benefit payable hereunder is payable
to a minor, to a person declared incompetent or to a person incapable of
handling the disposition of his property, the Plan Administrator may direct
payment of such Benefit to the guardian, legal representative or person having
the care and custody of such minor, incompetent or person. The Plan
Administrator may require such proof of incompetency, minority, incapacity or
guardianship as it may deem appropriate prior to distribution of the benefit.
Such distribution shall completely discharge the Employers from all liability
with respect to such Benefit.

     Section 9.5. Assignment.

          (a) Subject to Subsection (b), no right or interest under this Plan of
any Participant or Beneficiary shall be assignable or transferable in any manner
or be subject to

<PAGE>

                                       16

alienation, anticipation, sale, pledge, encumbrance or other legal process or in
any manner be liable for or subject to the debts or liabilities of the
Participant or Beneficiary.

          (b) Notwithstanding the foregoing, the Plan Administrator shall honor
a qualified domestic relations order ("QDRO") from a state domestic relations
court which requires the payment of all or a part of a Participant's or
Beneficiary's vested interest under this Plan to an "alternate payee" as defined
in Code Section 414(p).

     Section 9.6. Severability. If any provision of this Plan or the application
thereof to any circumstance(s) or person(s) is held to be invalid by a court of
competent jurisdiction, the remainder of the Plan and the application of such
provision to other circumstances or persons shall not be affected thereby.

     Section 9.7. Effect on other Benefits. Benefits payable to or with respect
to a Participant under the Profit Sharing Plan or any other Employer sponsored
(qualified or nonqualified) plan, if any, are in addition to those provided
under this Plan.

                       ARTICLE X - ADMINISTRATION OF PLAN

     Section 10.1. Administration.

          (a) In General. The Plan shall be administered by the Plan
Administrator. The Plan Administrator shall have discretion to interpret where
necessary all provisions of the Plan (including, without limitation, by
supplying omissions from, correcting deficiencies in, or resolving
inconsistencies or ambiguities in, the language of the Plan), to make factual
findings with respect to any issue arising under the Plan, to determine the
rights and status under the Plan of Participants or other persons, to resolve
questions (including factual questions) or disputes arising under the Plan and
to make any determinations with respect to the benefits payable under the Plan
and the persons entitled thereto as may be necessary for the purposes of the
Plan. Without limiting the generality of the foregoing, the Plan Administrator
is hereby granted the authority (i) to determine whether a particular employee
is a Participant, and (ii) to determine if a person is entitled to Benefits
hereunder and, if so, the amount and duration of such Benefits. The Plan
Administrator's determination of the rights of any person hereunder shall be
final and binding on all persons, subject only to the provisions of Sections
10.3 and 10.4 hereof.

          (b) Delegation of Duties. The Plan Administrator may delegate any of
its administrative duties, including, without limitation, duties with respect to
the processing, review, investigation, approval and payment of Benefits, to a
named administrator or administrators.

     Section 10.2. Regulations. The Plan Administrator may promulgate any rules
and regulations it deems necessary in order to carry out the purposes of the
Plan or to interpret the provisions of the Plan; provided, however, that no
rule, regulation or interpretation shall be contrary to the provisions of the
Plan. The rules, regulations and interpretations made by the Plan Administrator
shall, subject only to the provisions of Sections 10.3 and 10.4 hereof, be final
and binding on all persons.

<PAGE>

                                       17

     Section 10.3. Claims Procedures.

          (a) The Plan Administrator shall determine the rights of any person to
any Benefits hereunder. Any person who believes that he has not received the
Benefits to which he is entitled under the Plan must file a claim in writing
with the Plan Administrator. The Plan Administrator shall, no later than 90 days
after the receipt of a claim (plus an additional period of 90 days if required
for processing, provided that notice of the extension of time is given to the
claimant within the first 90 day period), either allow or deny the claim in
writing.

          (b) A written denial of a claim by the Plan Administrator, wholly or
partially, shall be written in a manner calculated to be understood by the
claimant and shall include: (i) the specific reasons for the denial; (ii)
specific reference to pertinent Plan provisions on which the denial is based;
(iii) a description of any additional material or information necessary for the
claimant to perfect the claim and an explanation of why such material or
information is necessary; and (iv) an explanation of the claim review procedure
and the time limits applicable thereto (including a statement of the claimant's
right to bring a civil action under Section 502(a) of ERISA following an adverse
benefit determination on review).

          (c) A claimant whose claim is denied (or his duly authorized
representative) who wants to contest that decision must file with the Plan
Administrator a written request for a review of such claim within 60 days after
receipt of denial of a claim. If the claimant does not file a request for review
of his claim within such 60-day period, the claimant shall be deemed to have
acquiesced in the original decision of the Plan Administrator on his claim. If
such an appeal is so filed within such 60 day period, the Compensation Committee
(or its delegate) shall conduct a full and fair review of such claim. During
such review, the claimant shall be given the opportunity to review documents
that are pertinent to his claim and to submit issues and comments in writing.
For this purpose, the Compensation Committee (or its delegate) shall have the
same power to interpret the Plan and make findings of fact thereunder as is
given to the Plan Administrator under Section 10.1(a) above.

          (d) The Compensation Committee (or its delegate) shall mail or deliver
to the claimant a written decision on the matter based on the facts and the
pertinent provisions of the Plan within 60 days after the receipt of the request
for review (unless special circumstances require an extension of up to 60
additional days, in which case written notice of such extension shall be given
to the claimant prior to the commencement of such extension). Such decision
shall be written in a manner calculated to be understood by the claimant, shall
state the specific reasons for the decision and the specific Plan provisions on
which the decision was based and, to the extent permitted by law, shall be final
and binding on all interested persons. In addition, the notice of adverse
determination shall also include statements that the claimant is entitled to
receive, upon request and free of charge, reasonable access to and copies of all
documents, records and other information relevant to the claimant's claim for
benefits and a statement of the claimant's right to bring a civil action under
Section 502(a) of ERISA.

     Section 10.4. Revocability of Action. Any action taken by the Plan
Administrator or the Compensation Committee (or its delegate) a with respect to
the rights or benefits under the Plan of any person shall be revocable as to
payments not yet made to such person. In addition, the acceptance of any
Benefits under the Plan constitutes acceptance of and agreement to the Plan

<PAGE>

                                       18

making any appropriate adjustments in future payments to any person (or to
recover from such person) any excess payment or underpayment previously made to
him.

     Section 10.5. Amendment. The Company (with the approval or ratification of
the Benefits Committee) may at any time prospectively or retroactively amend any
or all of the provisions of this Plan for any reason whatsoever, except that (a)
no such amendment may adversely affect the amount of any Participant's vested
Benefit as of the date of such amendment and (b) no such amendment may suspend
the crediting of earnings on the balance of a Participant's Account, until the
entire balance of such Account has been distributed, in either case, without the
prior written consent of the affected Participant. Any amendment shall be in the
form of a written instrument executed by an officer of the Company. Subject to
the foregoing provisions of this Section, such amendment shall become effective
as of the date specified in such instrument or, if no such date is specified, on
the date of its execution.

     Section 10.6. Termination.

          (a) The Company (without the consent of any Employer but with the
approval or ratification of the Compensation Committee), in its sole discretion,
may terminate this Plan at any time and for any reason whatsoever, except that,
subject to Subsection (b) hereof, (i) no such termination may adversely affect
any Participant's vested Benefit as of the date of such termination and (ii) no
such termination may suspend the crediting of earnings on the balance of a
Participant's Account, until the entire balance of such Account has been
distributed, in either case, without the prior written consent of the affected
Participant. Any such termination shall be expressed in the form of a written
instrument executed by an officer of the Company on the order of the
Compensation Committee. Subject to the foregoing provisions of this Section,
such termination shall become effective as of the date specified in such
instrument or, if no such date is specified, on the date of its execution.
Written notice of any termination shall be given to the Participants as soon as
practicable after the instrument is executed.

          (b) Notwithstanding anything in the Plan to the contrary, in the event
of a termination of the Plan (or any portion thereof), the Company, in its sole
and absolute discretion, shall have the right to change the time and form of
distribution of Participants' Excess Retirement Benefits including requiring
that all amounts credited to Participant's Account hereunder be immediately
distributed in the form of lump sum payments (but only to the extent such change
is permitted by Code Section 409A).

                                  ARTICLE XI -
              ADOPTION BY OTHER EMPLOYERS, TRANSFERS AND GUARANTEES

     Section 11.1. In general. The provisions of this Article shall apply
notwithstanding any other provision of the Plan to the contrary.

     Section 11.2. Adoption of Plan by other Employers/Withdrawal.

          (a) Any Controlled Group Member may adopt the Plan with the written
consent of the Company (with the approval or ratification of the Benefits
Committee). Any such adopting employer must (i) execute an instrument evidencing
such adoption and (ii) file a copy of such Instrument with the Plan
Administrator. Such adoption may be subject to such

<PAGE>

                                       19

terms and conditions as the Company requires or approves. By this adoption of
the Plan, Employers other than the Company shall be deemed to authorize the
Company to take any actions within the authority of the Company under the terms
of the Plan.

          (b) Notwithstanding the foregoing, in the case of any Employer that
adopts the Plan and thereafter (i) ceases to exist, (ii) ceases to be a
Controlled Group Member or (iii) withdraws or is eliminated from the Plan, it
shall not thereafter be considered an Employer hereunder provided, however, that
such terminating Employer shall continue to be an Employer for the purposes
hereof as to Participants or Beneficiaries to whom it owes obligations
hereunder.

          (c) Any Employer (other than the Company) which adopts this Plan may
elect separately to withdraw from the Plan and such withdrawal shall constitute
a termination of the Plan as to it; provided, however, that (i) such terminating
Employer shall continue to be an Employer for the purposes hereof as to
Participants or Beneficiaries to whom it owes obligations hereunder, and (ii)
such termination shall be subject to the limitations and other conditions
described in Section 10.6, treating the Employer as if it were the Company.

     Section 11.3. Expenses. The expenses of administering the Plan shall be
paid by the Employers, as directed by the Company.

     Section 11.4. Liability for Payment/Transfers of Employment.

          (a) Subject to the provisions of Subsections (b) and (c) hereof, each
Employer shall be liable for the payment of the Excess Retirement Benefits which
are payable hereunder to or on behalf of its Employees.

          (b) Notwithstanding the foregoing, if an Excess Retirement Benefit
payable to or on behalf of a Participant is based on the Participant's
employment with more than one Employer the following provisions shall apply:

          (i) Upon a transfer of employment, the Participant's Sub-Accounts
shall be transferred from the prior Employer to the new Employer and Excess
Retirement Benefits (and earnings) shall continue to be credited to the
Sub-Accounts following the transfer (to the extent otherwise required under the
terms of the Plan). The last Employer of the Participant shall be responsible
for paying the entire amount which is allocated to the Participant's Sub
Accounts hereunder; and

          (ii) Notwithstanding the provisions of clause (i), (1) each Employer
shall be solely liable for the payment of the amounts credited to a
Participant's Account which were earned by the Participant while he was employed
by that Employer; (2) each Employer (unless it is Insolvent) shall reimburse the
last Employer for its allocable share of the Participant's distribution; (3) if
any responsible Employer is Insolvent at the time of distribution, the last
Employer shall not be required to make a distribution to the Participant with
respect to amounts which are allocable to service with that Employer (until the
payment date specified in Section 7.5(e)); and (4) each Employer shall (to the
extent permitted by applicable law) receive an income tax deduction for the
Employer's allocable share of the Participant's distribution.

<PAGE>

                                       20

          (c) Notwithstanding the foregoing, in the event that NMHG Oregon, LLC
(known as NMHG Oregon, Inc. prior to the close of business on December 31, 2005)
is unable or refuses to satisfy its obligations hereunder with respect to the
payment of Excess Retirement Benefits to its Employees, the Company (unless it
is Insolvent) shall guarantee and be responsible for the payment thereof.

                                       EXECUTED, this 8th day of February, 2006.

                                       NACCO MATERIALS HANDLING GROUP, INC.

                                       By: /s/ Charles A. Bittenbender
                                           ------------------------------------
                                       Title: Assistant Secretary
                                              ---------------------------------<PAGE>
                                                                   Exhibit 10.16

                          THE KITCHEN COLLECTION, INC.
               DEFERRED COMPENSATION PLAN FOR MANAGEMENT EMPLOYEES

                 (AS AMENDED AND RESTATED AS OF JANUARY 1, 2005)

KCI NQ/Def. Comp. 2005 Rstmt.

<PAGE>

                          THE KITCHEN COLLECTION, INC.
               DEFERRED COMPENSATION PLAN FOR MANAGEMENT EMPLOYEES

          The Kitchen Collection, Inc. (the "Company") does hereby adopt this
amendment and restatement of The Kitchen Collection, Inc. Deferred Compensation
Plan for Management Employees, effective as of January 1, 2005.

                                    ARTICLE I
                                     PREFACE

     Section 1.1 Effective Date. The effective date of this restatement of the
Plan is January 1, 2005. The Plan was previously amended and restated as of
November 1, 2001.

     Section 1.2 Purpose of the Plan. The purpose of this Plan is to (a) allow
certain Employees to defer the receipt of certain long-term incentive
compensation award payments, and (b) provide for certain Employees the benefits
they would have received under the Savings Plan but for the limitations imposed
under Code Sections 402(g), 401(a)(17), 401(k)(3), 401(m) and 415.

     Section 1.3 Governing Law. This Plan shall be regulated, construed and
administered under the laws of the State of Ohio, except when preempted by
federal law.

     Section 1.4 Gender and Number. For purposes of interpreting the provisions
of this Plan, the masculine gender shall be deemed to include the feminine, the
feminine gender shall be deemed to include the masculine, and the singular shall
include the plural unless otherwise clearly required by the context.

     Section 1.5 Application of the American Jobs Creation Act ("AJCA").

          (a) The following Sub-Accounts (collectively, the "Pre-2005
Sub-Accounts") (and all earnings thereon) are "grandfathered" under Code Section
409A (as enacted by the AJCA) and, as such, will continue to be governed by the
law applicable to nonqualified deferred compensation prior to the enactment of
Code Section 409A: (i) the LTIP Deferral Sub-Account; (ii) amounts credited to
the Excess 401(k) Sub-Account for periods prior to January 1, 2005 (the
"Pre-2005 Excess 401(k) Sub-Account"); (iii) amounts credited to the Excess
Matching Sub-Account for periods prior to January 1, 2005 (the "Pre-2005 Excess
Matching Sub-Account"); and (iv) amounts credited to the Excess Profit Sharing
Sub-Account for Pre-2005 Plan Years (including the amount that was credited in
2005 for the 2004 Plan Year) (the "Pre-2005 Excess Profit Sharing Sub-Account").

          (b) The following Sub-Accounts (collectively, the "Post-2004
Sub-Accounts") (and all earnings thereon) are subject to the provisions of Code
Section 409A, as enacted by the AJCA: (i) amounts credited to the Excess 401(k)
Sub-Account for periods on or after January 1, 2005 (the "Post-2004 Excess
401(k) Sub-Account"); (ii) amounts credited to the Excess Matching Sub-Account
for periods on or after January 1, 2005 (the "Post-2004 Excess Matching
Sub-Account"); and (iii) amounts credited to the Excess Profit Sharing
Sub-Account for the 2005 Plan Year and beyond (beginning with amounts credited
in 2006 for the 2005 Plan Year) (the

                                      -2-

<PAGE>

"Post-2004 Excess Profit Sharing Sub-Account"). It is intended that the
provisions of the Plan that relate to the Post-2004 Sub-Accounts be administered
in accordance with the requirements of Code Section 409A, so as to prevent the
inclusion in gross income of any amount credited to the Participant's Post-2004
Sub-Accounts hereunder in a taxable year that is prior to the taxable year or
years in which such amounts would otherwise actually be distributed or made
available to the Participants.

                                   ARTICLE II
                                   DEFINITIONS

          Except as otherwise provided in this Plan, terms defined in the
Savings Plan as they may be amended from time to time shall have the same
meanings when used herein, unless a different meaning is clearly required by the
context of this Plan. In addition, the following words and phrases shall have
the following respective meanings for purposes of this Plan.

     Section 2.1 Account shall mean the record maintained in accordance with
Section 3.5 by the Company as the sum of the Participant's Excess Retirement
Benefits hereunder. The Participant's Account shall be further divided into the
Sub-Accounts described in Section 1.5 hereof.

     Section 2.2 Beneficiary shall mean the person or persons designated by the
Participant as his Beneficiary under this Plan, in accordance with the
provisions of Article VII hereof.

     Section 2.3 Bonus shall mean any bonus under The Kitchen Collection, Inc.
Annual Incentive Compensation Plan that would be taken into account as
Compensation under the Savings Plan, which is earned with respect to services
performed by a Participant during a Plan Year (whether or not such Bonus is
actually paid to the Participant during such Plan Year). An election to defer a
Bonus under this Plan must be made before the period in which the services are
performed which gives rise to such Bonus.

     Section 2.4 Company shall mean The Kitchen Collection, Inc. or any entity
that succeeds The Kitchen Collection, Inc. by merger, reorganization or
otherwise.

     Section 2.5 Compensation shall have the same meaning as under the Savings
Plan, except that Compensation shall be deemed to include (a) the amount of
compensation deferred by the Participant under this Plan and (b) amounts in
excess of the limitation imposed by Code Section 401(a)(17). Notwithstanding the
foregoing, the timing and crediting of Bonuses hereunder shall be as specified
in Section 3.1.

     Section 2.6 Excess Retirement Benefit or Benefit shall mean an LTIP
Deferral Benefit, an Excess 401(k) Benefit, an Excess Matching Benefit or an
Excess Profit Sharing Benefit (all as described in Article III) which is payable
to or with respect to a Participant under this Plan.

     Section 2.7 Fixed Income Fund shall mean the Stable Asset Fund under the
Savings Plan or any equivalent fixed income fund thereunder which is designated
by the NACCO Industries, Inc. Retirement Funds Investment Committee as the
successor to the Stable Asset Fund.

                                      -3-

<PAGE>

     Section 2.8 Insolvent. For purposes of this Plan, the Company shall be
considered Insolvent at such time as it (a) is unable to pay its debts as they
mature, or (b) is subject to a pending voluntary or involuntary proceeding as a
debtor under the United States Bankruptcy Code.

     Section 2.9 Key Employee shall mean a key employee, as defined in Section
416(i) of the Code (without regard to paragraph (5) thereof), of the Company as
long as the stock of NACCO Industries, Inc. (or a related entity) is publicly
traded on an established securities market or otherwise on the date of the
Employee's Termination of Employment. Key Employees are identified on a
Controlled Group-wide basis and include non-resident alien Employees (whether or
not such Employees are eligible to participate in the Plan). The selected
identification date for Key Employees is December 31st. As such, any Employee
who is classified by the Company as a Key Employee as of December 31st of a
particular Plan Year shall maintain such classification for the 12-month period
commencing the following April 1st. The Company shall have the sole and absolute
discretion to classify Employees as Key Employees hereunder. To the extent
determined by the Company, such classification may include up to 75 highly
compensated Employees (including some who do not meet the statutory requirements
of a Key Employee) as long as such determination is made in a consistent,
reasonable and good faith manner.

     Section 2.10 LTIP Plan shall mean the Kitchen Collection, Inc. Long-Term
Incentive Compensation Plan, as in effect from time to time.

     Section 2.11 Participant

          (a) For purposes of Sections 3.1 through 3.3 of the Plan, the term
Participant shall mean a participant in the Savings Plan (i) who is unable to
make all of the Salary Deferral Contributions that he has elected to make to the
Savings Plan, or unable to receive the maximum amount of Matching Company
Contributions under the Savings Plan, or unable to receive the maximum amount of
Profit Sharing Contributions under the Savings Plan because of the limitations
imposed under Section 402(g), 401(a)(17), 401(k)(3), 401(m) or 415 of the Code;
(ii) whose total compensation from the Controlled Group for the year in which
the deferral election is required is at least $115,000; and (iii) who is
designated as a Participant in this Plan by the President of the Company.

          (b) For purposes of Section 3.4 of the Plan, the term "Participant"
shall mean an Employee of the Company (i) who is a participant in the LTIP Plan;
(ii) who, both at the time the deferral election is required and the time the
deferral becomes effective, is a resident or citizen of the United States; (iii)
who is designated as a Participant by the President of the Company and whose
total compensation from the Controlled Group for the year in which the deferral
election is required is at least $115,000; and (iv) who is an active Employee at
the time the deferral becomes effective or who has "Retired" (as such term is
defined in the LTIP Plan).

          (c) The term "Participant" shall also include any other person who has
an Account balance hereunder or who was defined as a participant in a prior
version of the Plan.

                                      -4-

<PAGE>

     Section 2.12 Plan shall mean The Kitchen Collection, Inc. Deferred
Compensation Plan for Management Employees, as herein set forth or as duly
amended.

     Section 2.13 Plan Administrator shall mean the Administrative Committee
appointed under the Savings Plan.

     Section 2.14 Plan Year shall mean the calendar year.

     Section 2.15 ROTCE shall mean the Company's consolidated return on total
capital employed, as determined by the Company for purposes of the Company's
Annual Incentive Compensation Plan as in effect for a particular Plan Year.

     Section 2.16 Savings Plan shall mean The Kitchen Collection, Inc.
Retirement Savings Plan (or any successor plan).

     Section 2.17 Termination of Employment shall mean a separation of service
as defined in Code Section 409A (and the regulations or other guidance issued
thereunder).

     Section 2.18 Unforeseeable Emergency shall mean an event which results in a
severe financial hardship to the Participant as a consequence of (a) an illness
or accident of the Participant, the Participant's spouse or a dependent within
the meaning of Code Section 152(a), (b) loss of the Participant's property due
to casualty or (c) other similar extraordinary and unforeseeable circumstances
arising as a result of events beyond the control of the Participant.

     Section 2.19 Valuation Date shall mean the last business day of each Plan
Year and any other date chosen by the Plan Administrator.

                                   ARTICLE III
                           EXCESS RETIREMENT BENEFITS

     Section 3.1 Basic and Additional Excess 401(k) Benefits.

          (a) Amount of Excess 401(k) Benefits. Each Participant may, prior to
each December 31st, by completing an approved deferral election form, direct the
Company to reduce his Compensation for the next Plan Year, by the difference
between (i) a certain percentage, in 1% increments, with a maximum of 25%, of
his Compensation for the Plan Year, and (ii) the maximum Salary Deferral
Contributions actually permitted to be contributed for him to the Savings Plan
by reason of the application of the limitations under Sections 402(g),
401(a)(17), 401(k)(3) and 415 of the Code (which amounts shall be referred to as
the "Excess 401(k) Benefits"). Notwithstanding the foregoing, a Participant's
direction to reduce a Bonus earned during a particular Plan Year shall be made
no later than December 31st of the Plan Year preceding the Plan Year in which
the Bonus commences to be earned and, as a result, Bonuses that are paid in 2005
shall not be taken into account for purposes of calculating Excess 401(k)
Benefits hereunder.

          (b) Classification of Excess 401(k) Benefits. The Excess 401(k)
Benefits for a particular Plan Year shall be calculated monthly and shall be
further divided into the "Basic Excess 401(k) Benefits" and the "Additional
Excess 401(k) Benefits" as follows:

                                      -5-

<PAGE>

          (i)  The Basic Excess 401(k) Benefits shall be determined by
               multiplying each Excess 401(k) Benefit by a fraction, the
               numerator of which is the lesser of the percentage of
               Compensation elected to be deferred in the deferral election form
               for such Plan Year or 7% and the denominator of which is the
               percentage of Compensation elected to be deferred; and

          (ii) The Additional Excess 401(k) Benefits (if any) shall be
               determined by multiplying such Excess 401(k) Benefit by a
               fraction, the numerator of which is the difference between (1)
               the percentage of Compensation elected to be deferred in the
               deferral election form for such Plan Year and (2) 7%, and the
               denominator of which is the percentage of Compensation elected to
               be deferred.

The Basic Excess 401(k) Benefits shall be credited to the Basic Excess 401(k)
Sub-Account under this Plan and the Additional Excess 401(k) Benefits shall be
credited to the Additional Excess 401(k) Sub-Account hereunder. The Basic and
Additional Excess 401(k) Sub-Accounts shall be referred to collectively as the
"Excess 401(k) Sub-Account."

          (c) Consequences of Deferral Election. Any direction by a Participant
to defer Compensation under Subsection (a) shall be effective with respect to
Compensation otherwise payable to the Participant for the Plan Year for which
the deferral election form is effective, and the Participant shall not be
eligible to receive such Compensation. Instead, such amounts shall be credited
to the Participant's Basic and Additional Excess 401(k) Sub-Accounts (as
applicable) hereunder. Any such direction shall be irrevocable with respect to
Compensation earned for such Plan Year, but shall have no effect on Compensation
that is earned in subsequent Plan Years. A new deferral election will be
required for each Plan Year.

          (d) Payment Date Election. For Pre-2005 Excess 401(k) Benefits,
Participants were allowed to make separate IRREVOCABLE elections regarding the
time of payment of each Plan Year's Excess 401(k) Benefits. For Post-2004 Excess
401(k) Benefits, the initial deferral election made by a Participant shall also
contain the Participant's IRREVOCABLE election regarding the payment date of the
Participant's entire Post-2004 Excess 401(k) Sub-Account hereunder. A
Participant who does not timely and properly file such an election form shall be
deemed to have elected to receive his Excess 401(k) Sub-Account as soon as
practicable following the date on which he ceases to be an Employee of the
Controlled Group (for Pre-2005 Sub-Accounts) or incurs a Termination of
Employment (for Post-2004 Sub-Accounts). The Participant may elect to commence
payment of such Sub-Accounts on one of the following dates:

          (i) the date on which he ceases to be an Employee of a Controlled
     Group Member (or incurs a Termination of Employment for Post-2004
     Sub-Accounts);

          (ii) The date on which he attains an age specified in the deferral
     election form;

          (iii) The earlier of such dates; or

          (iv) The later of such dates (for Pre-2005 Sub-Accounts only).

                                      -6-

<PAGE>

          (e) Subsequent Deferrals. In the event that a Participant elects to
receive his Post-2004 Excess 401(k) Sub-Account at a specified age (or the
earlier of a specified age or Termination of Employment) and the Participant
continues to be employed past such date, any additional amounts that are
credited to his Post-2004 Excess 401(k) Sub-Account shall automatically be paid
to the Participant in the form of a lump sum payment at his Termination of
Employment.

          (f) Automatic Termination of Deferral Election. The deferral election
of a Participant whose eligibility to make Salary Deferral Contributions to the
Savings Plan has been involuntarily suspended because he has taken a Hardship
withdrawal shall automatically terminate. Such termination shall be in effect
for the remainder of the Plan Year in which he receives such Hardship withdrawal
(or, if later, the end of the Plan Year that includes the end of his period of
suspension from the Savings Plan). As a result, the Participant shall be
required to reenroll in this Plan effective as of the next applicable January
1st.

     Section 3.2 Excess Matching Benefits. A Participant shall have credited to
his Excess Matching Sub-Account an amount equal to the Matching Company
Contributions attributable to his Basic Excess 401(k) Benefits that he is
prevented from receiving under the Savings Plan because of the limitations
imposed under Code Sections 402(g), 401(a)(17), 401(k)(3), 401(m) and 415 of the
Code ( the "Excess Matching Benefits"). Payment of the Participant's Excess
Matching Sub-Account shall be made at the same time and in the same form as the
payment of the Participant's corresponding Excess 401(k) Sub-Account.

     Section 3.3 Excess Profit Sharing Benefits. At the time described in
Section 3.5(d), a Participant shall have credited to his Excess Profit Sharing
Sub-Account an amount equal to the excess, of any, of (i) the Profit Sharing
Contribution which would have been made to the Savings Plan if such Plan did not
contain the limitations imposed under Code Sections 401(a)(17) and 415 and the
term "Compensation" (as defined in Section 2.5 of this Plan) were used for
purposes of determining the amount of Profit Sharing Contributions under the
Savings Plan, over (ii) the amount of Profit Sharing Contributions which are
actually made to the Savings Plan on behalf of the Participant for such Plan
Year (the "Excess Profit Sharing Benefits")

     Section 3.4 LTIP Deferral Benefits.

          (a) Amount. Each Participant may, by completing an approved deferral
election form, direct the Company to (i) reduce an "Award" that has been
deferred until the tenth anniversary of the Grant Date of such Award and thereby
extinguish his entitlement under the LTIP Plan to 100% of such deferred Award
and (ii) credit the amount of the reduction (the "LTIP Deferral Benefits") to
the LTIP Deferral Sub-Account hereunder. In addition, certain Awards that were
deferred under the LTIP Plan will automatically be transferred to this Plan in
the case of a Participant's "Retirement" (as defined in the LTIP Plan), in which
case such Awards will also be credited to the Participant's LTIP Deferral
Sub-Account hereunder. Notwithstanding the foregoing, the only additional LTIP
Deferral Benefits that shall be accepted hereunder are those Awards with a Grant
Date of January 1, 2004.

          (b) Deferral Election. A Participant may elect to make a separate
deferral election with respect to each Award under the LTIP Plan. Each such
election must be made no

                                      -7-

<PAGE>

later than one year prior to the date such Award would otherwise be payable to
the Participant under the LTIP Plan (or six months prior to Retirement (as
defined in the LTIP Plan), if later). Any direction by a Participant to defer
receipt of an Award under the LTIP Plan and to receive LTIP Deferral Benefits in
lieu of such Award shall be irrevocable with respect to such Award subject to
the terms hereof and in the LTIP Plan.

          (c) Payment Date. The initial LTIP deferral election made by a
Participant shall also contain the Participant's IRREVOCABLE election regarding
the time of the commencement of payment of the Participant's entire LTIP
Deferral Sub-Account hereunder. The Participant may elect to commence payment of
his LTIP Deferral Sub-Account as soon as practicable following (1) the date on
which he ceases to be an Employee of the Controlled Group, (2) the date on which
he attains a specified age, or (3) the earlier or later of such dates. A
Participant who does not timely and properly file such an election form shall be
deemed to have elected to receive his LTIP Deferral Sub-Account as soon as
practicable following the date on which he ceases to be an Employee of the
Controlled Group. In the event that a Participant previously elected to receive
his LTIP Deferral Sub-Account at a specified age (or the earlier of a specified
age or the date on which he ceases to be an Employee of the Controlled Group)
and the Participant continues to be employed past such date, the Participant
shall be prohibited from deferring any additional LTIP Awards hereunder.

     Section 3.5 Participant's Accounts. The Company shall establish and
maintain on its books an Account for each Participant which shall contain the
following entries:

          (a) Credits to a Basic Excess 401(k) Sub-Account for the Basic Excess
401(k) Benefits described in Section 3.1(b)(i), which shall be credited to the
Sub-Account when a Participant is prevented from making a Salary Deferral
Contribution under the Savings Plan.

          (b) Credits to an Excess Matching Sub-Account for the Excess Matching
Benefits described in Section 3.2, which shall be credited to the Sub-Account
when a Participant is prevented from receiving Matching Company Contributions
under the Savings Plan.

          (c) Credits to an Additional Excess 401(k) Sub-Account for the
Additional Excess 401(k) Benefits described in Section 3.1(b)(ii), which shall
be credited to the Sub-Account when a Participant is prevented from making a
Salary Deferral Contribution under the Savings Plan.

          (d) Credits to an Excess Profit Sharing Sub-Account for the Excess
Profit Sharing Benefits described in Section 3.3, which shall be credited to the
Sub-Account at the time the Profit Sharing Contributions are otherwise credited
to the Participant's account under the Savings Plan.

          (e) Credits to an LTIP Deferral Sub-Account for the LTIP Deferral
Benefits described in Section 3.4, which shall be credited to the Sub-Account at
the time the Award would otherwise be payable to the Participant under the LTIP
Plan.

          (f) Credits to all Sub-Accounts for the earnings described in Article
IV, which shall continue until such Sub-Accounts have been distributed to the
Participant or his Beneficiary.

                                      -8-

<PAGE>

          (g) Debits for any distributions made from the Sub-Accounts and for
any amounts forfeited under Section 6.4.

          (h) The Company shall make the above-described credits and debits to
the Participant's Pre-2005 Sub-Accounts or the Post-2004 Sub-Accounts, as
applicable, in accordance with Code Section 409A.

                                   ARTICLE IV
                                    EARNINGS

     Section 4.1 Earnings on Basic 401(k) and Matching Sub-Accounts and Profit
Sharing Sub-Accounts.

          (a) Subject to Subsection (b) and Section 4.4, at the end of each
calendar month during a Plan Year, the Basic Excess 401(k) Sub-Account, Excess
Matching Sub-Account and Excess Profit Sharing Sub-Account of each Participant
shall be credited with earnings in an amount determined by multiplying such
Participant's average Sub-Account balance during such month by the blended rate
earned during such month by the Fixed Income Fund. Notwithstanding the
foregoing, in the event that the ROTCE determined for such Plan Year exceeds the
rate credited to the Participant's Sub-Accounts under the preceding sentence,
the Participant's Sub-Accounts shall retroactively be credited with the
difference between (i) the amount determined under the preceding sentence, and
(ii) the amount determined by multiplying such Participant's average Sub-Account
balance during each month of such Plan Year by the ROTCE determined for such
Plan Year, compounded monthly.

          (b) The ROTCE calculation described in Subsection (a) shall be made
during the month in which the Participant terminates employment and shall be
based on the year-to-date ROTCE for the month ending prior to the date the
Participant terminated employment, as calculated by the Company. For any
subsequent month, such ROTCE calculation shall not apply. The Fixed Income Fund
calculation described above for the month in which the Participant receives a
distribution from his Sub-Account shall be based on the blended rate earned
during the preceding month by the Fixed Income Fund.

     Section 4.2 Earnings on Additional 401(k) Sub-Account. Subject to Section
4.4, at the end of each calendar month during a Plan Year, the Additional Excess
401(k) Sub-Account of each Participant shall be credited with earnings in an
amount determined by multiplying such Participant's average Sub-Account balance
during such month by the blended rate earned by the Fixed Income Fund. The
earnings calculation for the month in which the Participant receives a
distribution from his Sub-Account will be based on the blended rate earned
during the preceding month by the Fixed Income Fund.

     Section 4.3 Earnings on LTIP Deferral Sub-Accounts. Subject to Section 4.4,
at the end of each calendar month during a Plan Year, the LTIP Deferral
Sub-Account of each Participant shall be credited with an amount determined by
multiplying such Participant's average Sub-Account balance during such month by
the "10-Year U.S. Treasury Yield" plus 2.0%. For purposes hereof, the 10-Year
U.S. Treasury Yield shall be the 10 year yield on US

                                      -9-

<PAGE>

Treasury issues as listed in the Bond Market Data Bank for the last day of the
preceding calendar quarter as printed in the Wall Street Journal (or as
published on the Website for the Wall Street Journal). In the event that a yield
is not listed for a maturity exactly 10 years from the calendar quarter end, the
next preceding chronological treasury bond issue yield shall be used.

     Section 4.4 Changes in/Limitations on Earnings Assumptions.

          (a) To the extent not prohibited by Code Section 409A, the Company
(with the approval or ratification of the NACCO Industries, Inc. Benefits
Committee (the "Benefits Committee")) may change (but not suspend) the earnings
rate credited on Accounts hereunder at any time.

          (b) Notwithstanding any provision of the Plan to the contrary, in no
event will earnings on Accounts for a Plan Year be credited at a rate which
exceeds 14%.

                                    ARTICLE V
                                     VESTING

     Section 5.1 Vesting. All Participants who are employed on or after December
31, 1999 shall be immediately 100% vested in all amounts credited to their
Account hereunder.

                                   ARTICLE VI
                    DISTRIBUTION OF BENEFITS TO PARTICIPANTS

     Section 6.1 Excess 401(k) Sub-Account, Excess Matching Sub-Account and LTIP
Deferral Sub-Account.

          (a) Payment Dates. A Participant's Excess 401(k) Sub-Account, Excess
Matching Sub-Account and LTIP Deferral Sub-Account shall each be paid (or
commence to be paid) to the Participant as soon as practicable after the date
elected (or deemed elected) by the Participant under Section 3.1, 3.2 or 3.4, as
applicable.

          (b) Form of Payment of Pre-2005 Sub-Accounts.

          (i) Normal Form of Payment for Pre-2005 Sub-Accounts. The Pre-2005
Excess 401(k) Sub-Account (along with the corresponding Pre-2005 Excess Matching
Sub-Account) and the LTIP Deferral Sub-Account shall each be distributed to the
Participant in the form of ten annual installments. All installment payments
under the Plan shall be based on the value of the applicable Sub-Account on the
Valuation Date immediately preceding the date such installment is to be paid,
with each installment being a fraction of such value in which the numerator is
one and the denominator is the total number of remaining installments to be
paid. The first installment payment shall be paid as soon as practicable after
the designated payment date, with each additional installment being paid in the
month of January of each succeeding calendar year. Installment payments under
the Plan will be classified as a single payment for purposes of Section 409A of
the Code.

          (ii) Optional Forms of Payment for Pre-2005 Sub-Accounts.
Notwithstanding clause (i) hereof, the Participant may elect to receive the
amount credited to his Pre-2005 Excess

                                      -10-

<PAGE>

401(k) Sub-Account (along with the corresponding Pre-2005 Excess Matching
Sub-Account) and/or his LTIP Deferral Sub-Account in the form of a single lump
sum payment or in annual installments for a period of less than 10 years by
filing a notice in writing, signed by the Participant and filed with the Plan
Administrator while the Participant is alive and at least one year prior to the
designated payment date. Any such election of the form of benefit may be changed
at any time and from time to time, without the consent of any other person, by
filing a later election in writing that is signed by the Participant and filed
with the Plan Administrator while the Participant is alive and at least one year
prior to the designated payment date. Any such lump sum payment shall be paid as
soon as practicable following the designated payment date.

          (c) Form of Payment for Post-2004 Excess 401(k) and Matching
Sub-Accounts. Except for amounts described in Section 3.1(e), the Participant
shall elect a form of payment for his Post-2004 Excess 401(k) Sub-Account (which
shall automatically apply to his Post-2004 Excess Matching Sub-Account) prior to
December 31, 2004 (or in his initial deferral election form that is filed when
the Plan first becomes applicable to him, if later). He may elect to receive
such Sub-Account in the form of a lump sum payment or in the form of annual
installment payments (for 10 or fewer years), with the installment payments (if
any) being calculated in accordance with the rules specified in Subsection
(b)(i), above. If the Participant does not make a timely election regarding the
form of payment, his Post-2004 Excess 401(k) and Matching Sub-Accounts shall be
distributed in the form of a single lump sum payment. Once made, the election
(or deemed election) of a form of payment under this Subsection (c) shall be
IRREVOCABLE.

     Section 6.2 Excess Profit Sharing Benefits.

          (a) Pre-2005 Excess Profit Sharing Sub-Accounts. Amounts allocated to
a Participant's Pre-2005 Excess Profit Sharing Sub-Account shall be paid (or
commence to be paid) at the same time that the Profit Sharing Contributions are
paid (or commence to be paid) to the Participant under the Savings Plan.
Participants have the ability to elect (and change) a form of payment for their
Pre-2005 Excess Profit Sharing Sub-Accounts under the same rules as are
specified in Section 6.1(b) above.

          (b) Post-2004 Excess Profit Sharing Sub-Accounts. Amounts allocated to
a Participant's Post-2004 Excess Profit Sharing Sub-Account shall automatically
be paid in the form of a lump sum payment at the time of the Participant's
Termination of Employment.

     Section 6.3 Unforeseeable Emergency Distributions. Notwithstanding the
foregoing, the Plan Administrator may at any time, upon written request of the
Participant, cause to be paid to such Participant an amount equal to all or any
part of the Participant's Account if the Plan Administrator determines, in its
absolute discretion based on such reasonable evidence that it shall require,
that such a payment or payments is necessary for the purpose of alleviating the
consequences of an Unforeseeable Emergency occurring with respect to the
Participant. Payments made on account of an Unforeseeable Emergency shall be
permitted only to the extent the amount does not exceed the amount reasonably
necessary to satisfy the emergency need (plus an amount necessary to pay taxes
and penalties reasonably anticipated as a result of the distribution) and may
not be made to the extent such Unforeseeable Emergency is or may be

                                      -11-

<PAGE>

relieved through reimbursement or compensation by insurance or otherwise or by
liquidation of the Participant's assets (to the extent such liquidation would
not itself cause severe financial hardship). Unforeseeable Emergency
distributions shall be paid to the Participant in the form of a lump sum payment
as soon as practicable after such distribution request is approved and processed
by the Plan Administrator.

     Section 6.4 Withdrawals from Pre-2005 Sub-Accounts Subject to a 10%
Penalty. Notwithstanding any provision of the Plan to the contrary, (a) a
Participant who is an Employee may, at any time (and from time to time) elect in
writing to receive a withdrawal of 100% of his Additional Pre-2005 Excess 401(k)
Sub-Account and/or his LTIP Deferral Sub-Account and (b) a Participant who has
ceased to be an Employee of the Controlled Group may also elect in writing to
receive a withdrawal of 100% of his Basic Pre-2005 Excess 401(k) Sub-Account,
Pre-2005 Excess Matching Sub-Account and/or his Pre-2005 Excess Profit Sharing
Sub-Account. Withdrawals under this Section shall be equal to the entire amount
credited to any such Sub-Account at the time of the withdrawal, less 10%. Such
10% reduction shall be treated as a forfeiture hereunder and shall immediately
be subtracted from the applicable Sub-Account, never to be restored.

     Section 6.5 Other Payment Rules and Restrictions.

          (a) Payments From Post-2004 Sub-Accounts Violating Contractual
Requirements. Notwithstanding any provision of the Plan to the contrary, the
payment of all or any portion of the amounts payable hereunder from a
Participant's Post-2004 Sub-Accounts will be deferred to the extent that the
Company reasonably anticipates that the making of such payment would violate a
term of a loan agreement or other similar contract to which the Company is a
party and the violation will cause material harm to the Company. The deferred
amount shall become payable at the earliest date at which the Company reasonably
anticipates that making the payment will not cause such violation, or such
violation will not cause material harm to the Company.

          (b) Payments Violating Applicable Law. Notwithstanding any provision
of the Plan to the contrary, the payment of all or any portion of the amounts
payable hereunder will be deferred to the extent that the Company reasonably
anticipates that the making of such payment would violate Federal securities
laws or other applicable law (provided that the making of a payment that would
cause income taxes or penalties under the Code shall not be treated as a
violation of applicable law). The deferred amount shall become payable at the
earliest date at which the Company reasonably anticipates that making the
payment will not cause such violation.

          (c) Small Sub-Accounts. Notwithstanding any provision of the Plan to
the contrary, (i) in the event that the sum of a Participant's Pre-2005
Sub-Account balances do not exceed $10,000 on the date of the Participant's
termination of employment with the Controlled Group, such Sub-Accounts shall
automatically be paid to him in a single lump sum payment on the date of his
termination of employment with the Controlled Group and (ii) in the event that
the sum of a Participant's Post-2004 Sub-Account balances (plus any other
amounts that are required to be aggregated therewith under Code Section 409A) do
not exceed $10,000 on the date of the Participant's Termination of Employment,
such

                                      -12-

<PAGE>

Sub-Accounts shall automatically be paid to him in a single lump sum payment at
the latest of (A) the date of his Termination of Employment or (B) the end of
the 6-month period described in Subsection (e) below for Key Employees.

          (d) Insolvency. Notwithstanding any provision of the Plan to the
contrary, the Company shall not be required to make any payment hereunder to any
Participant or Beneficiary if the Company is Insolvent at the time such payment
is due to be made or if the payment would jeopardize the solvency of the
Company; provided that the payment shall be made during the first calendar year
in which the funds of the Company are sufficient to make the payment without
jeopardizing the solvency of the Company.

          (e) Key Employees. Notwithstanding any provision of the Plan to the
contrary, distributions of Post-2004 Sub-Accounts to Key Employees made on
account of a Termination of Employment may not be made before the date that is
six months after such Termination of Employment (or, if earlier, the date of
death) except for payments made on account of (i) a QDRO (as specified in
Section 8.5) or (ii) a conflict of interest or the payment of FICA taxes (as
specified in Subsection (g) below). Any amounts that are otherwise payable to
the Key Employee during the 6-month period following his Termination of
Employment shall be accumulated and paid in a lump sum make-up payment as soon
as practicable following the end of such 6-month period.

          (f) Time of Payment/Processing. All payments under the Plan shall be
made on, or as soon as practicable after, the specified payment date (and, in
any event, no later than December 31 of the year that includes the specified
payment date or, if later, by the 15th day of the third calendar month following
the specified payment date). Notwithstanding the foregoing, if the calculation
of the amount payable from the Post-2004 Sub-Accounts is not administratively
practicable due to events beyond the control of the Company and the Participant,
the payment shall be made during the first calendar year in which the payment is
administratively practicable.

          (g) Acceleration of Payments. Notwithstanding any provision of the
Plan to the contrary, payments of Post-2004 Sub-Accounts hereunder may be
accelerated (i) to the extent necessary to comply with a certificate of
divestiture (as defined in Code Section 1043(b)(2)) or (ii) to the extent
necessary to pay the FICA taxes imposed on benefits hereunder under Code Section
3101, and the income withholding taxes related thereto. Payments may also be
accelerated if the Plan (or a portion thereof) fails to satisfy the requirements
of Code Section 409A; provided that the amount of such payment may not exceed
the amount required to be included as income as a result of the failure to
comply with Code Section 409A.

                                   ARTICLE VII
                                  BENEFICIARIES

     Section 7.1 Beneficiary Designations. A designation of a Beneficiary
hereunder may be made only by an instrument (in form acceptable to the Plan
Administrator) signed by the Participant and filed with the Plan Administrator
prior to the Participant's death. Separate Beneficiary designations may be made
for each Sub-Account under the Plan; provided that a

                                      -13-

<PAGE>

single Beneficiary must be designated for both the Excess 401(k) Sub--Account
and the Excess Matching Sub-Account. In the absence of such a designation and at
any other time when there is no existing Beneficiary designated hereunder, the
Beneficiary of a Participant for his Excess Retirement Benefits shall be his
Beneficiary under the Savings Plan. A person designated by a Participant as his
Beneficiary who or which ceases to exist shall not be entitled to any part of
any payment thereafter to be made to the Participant's Beneficiary unless the
Participant's designation specifically provided to the contrary. If two or more
persons designated as a Participant's Beneficiary are in existence with respect
to a single Sub-Account, the amount of any payment to the Beneficiary under this
Plan shall be divided equally among such persons unless the Participant's
designation specifically provided to the contrary. Any change in Beneficiary
shall be made by giving written notice thereof to the Plan Administrator and any
change shall be effective only if received by the Plan Administrator prior to
the death of the Participant.

     Section 7.2 Distributions to Beneficiaries. Excess Retirement Benefits
payable to a Participant's Beneficiary shall be equal to the balance in the
applicable Sub-Account on the Valuation Date preceding the date of the
distribution of the Sub-Account to the Beneficiary. All Excess Retirement
Benefits payable hereunder shall be paid in the form of a lump sum payment made
as soon as practicable following the death of the Participant.

                                  ARTICLE VIII
                                  MISCELLANEOUS

     Section 8.1 Liability of Company. Nothing in this Plan shall constitute the
creation of a trust or other fiduciary relationship between the Company and any
Participant, Beneficiary or any other person.

     Section 8.2 Limitation on Rights of Participants and Beneficiaries - No
Lien. The Plan is designed to be an unfunded, nonqualified plan. Nothing
contained herein shall be deemed to create a trust or lien in favor of any
Participant or Beneficiary on any assets of the Company. The Company shall have
no obligation to purchase any assets that do not remain subject to the claims of
the creditors of the Company for use in connection with the Plan. No Participant
or Beneficiary or any other person shall have any preferred claim on, or any
beneficial ownership interest in, any assets of the Company prior to the time
that such assets are paid to the Participant or Beneficiary as provided herein.
Each Participant and Beneficiary shall have the status of a general unsecured
creditor of the Company.

     Section 8.3 No Guarantee of Employment. Nothing in this Plan shall be
construed as guaranteeing future employment to Participants. A Participant
continues to be an Employee of the Company solely at the will of the Company
subject to discharge at any time, with or without cause.

     Section 8.4 Payment to Guardian. If a Benefit payable hereunder is payable
to a minor, to a person declared incompetent or to a person incapable of
handling the disposition of his property, the Plan Administrator may direct
payment of such Benefit to the guardian, legal representative or person having
the care and custody of such minor, incompetent or person. The Plan
Administrator may require such proof of incompetency, minority, incapacity or

                                      -14-

<PAGE>

guardianship as it may deem appropriate prior to distribution of the Benefit.
Such distribution shall completely discharge the Company from all liability with
respect to such Benefit.

     Section 8.5 Assignment. No right or interest under this Plan of any
Participant or Beneficiary shall be assignable or transferable in any manner or
be subject to alienation, anticipation, sale, pledge, encumbrance or other legal
process or in any manner be liable for or subject to the debts or liabilities of
the Participant or Beneficiary. Notwithstanding the foregoing, the Plan
Administrator shall honor a qualified domestic relations order ("QDRO") from a
state domestic relations court which requires the payment of part of all or a
Participant's or Beneficiary's Account under this Plan to an "alternate payee"
as defined in Code Section 414(p).

     Section 8.6 Severability. If any provision of this Plan or the application
thereof to any circumstance(s) or person(s) is held to be invalid by a court of
competent jurisdiction, the remainder of the Plan and the application of such
provision to other circumstances or persons shall not be affected thereby.

     Section 8.7 Effect on Other Benefits. Benefits payable to or with respect
to a Participant under the Savings Plan or any other Company-sponsored
(qualified or nonqualified) plan, if any, are in addition to those provided
under this Plan.

     Section 8.8 Liability for Payment/Expenses. The Company shall be liable for
the payment of the Excess Retirement Benefits that are payable hereunder.
Expenses of administering the Plan shall be paid by the Company.

                                   ARTICLE IX
                             ADMINISTRATION OF PLAN

     Section 9.1 Administration. (a) In general. The Plan shall be administered
by the Plan Administrator. The Plan Administrator shall have sole and absolute
discretion to interpret where necessary all provisions of the Plan (including,
without limitation, by supplying omissions from, correcting deficiencies in, or
resolving inconsistencies or ambiguities in, the language of the Plan), to make
factual findings with respect to any issue arising under the Plan, to determine
the rights and status under the Plan of Participants, or other persons, to
resolve questions (including factual questions) or disputes arising under the
Plan and to make any determinations with respect to the benefits payable under
the Plan and the persons entitled thereto as may be necessary for the purposes
of the Plan. Without limiting the generality of the foregoing, the Plan
Administrator is hereby granted the authority (i) to determine whether a
particular employee is a Participant, and (ii) to determine if a person is
entitled to Excess Retirement Benefits hereunder and, if so, the amount and
duration of such Benefits. The Plan Administrator's determination of the rights
of any person hereunder shall be final and binding on all persons, subject only
to the claims procedures outlined in Section 9.3 hereof.

          (b) Delegation of Duties. The Plan Administrator may delegate any of
its administrative duties, including, without limitation, duties with respect to
the processing, review, investigation, approval and payment of Excess Retirement
Benefits, to a named administrator or administrators.

                                      -15-

<PAGE>

     Section 9.2 Regulations. The Plan Administrator may promulgate any rules
and regulations it deems necessary in order to carry out the purposes of the
Plan or to interpret the provisions of the Plan; provided, however, that no
rule, regulation or interpretation shall be contrary to the provisions of the
Plan. The rules, regulations and interpretations made by the Plan Administrator
shall, subject only to the claims procedure outlined in Section 9.3 hereof, be
final and binding on all persons.

     Section 9.3 Claims Procedures. The Plan Administrator shall determine the
rights of any person to any Excess Retirement Benefits hereunder. Any person who
believes that he has not received the Excess Retirement Benefits to which he is
entitled under the Plan may file a claim in writing with the Plan Administrator.
The Plan Administrator shall, no later than 90 days after the receipt of a claim
(plus an additional period of 90 days if required for processing, provided that
notice of the extension of time is given to the claimant within the first 90 day
period), either allow or deny the claim in writing.

          A denial of a claim by the Plan Administrator, wholly or partially,
shall be written in a manner calculated to be understood by the claimant and
shall include:

          (a) the specific reasons for the denial;

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

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

          (d) an explanation of the claim review procedure and the time limits
applicable thereto (including a statement of the claimant's right to bring a
civil action under Section 502(a) of ERISA following an adverse benefit
determination on review).

          A claimant whose claim is denied (or his duly authorized
representative) may within 60 days after receipt of denial of a claim file with
the Plan Administrator a written request for a review of such claim. If the
claimant does not file a request for review of his claim within such 60-day
period, the claimant shall be deemed to have acquiesced in the original decision
of the Plan Administrator on his claim. If such an appeal is so filed within
such 60 day period, the Compensation Committee (or its delegate) shall conduct a
full and fair review of such claim. During such review, the claimant shall be
given the opportunity to review documents that are pertinent to his claim and to
submit issues and comments in writing. For this purpose, the Compensation
Committee (or its delegate) shall have the same power to interpret the Plan and
make findings of fact thereunder as is given to the Plan Administrator under
Section 9.1(a) above.

          The Compensation Committee (or its delegate) shall mail or deliver to
the claimant a written decision on the matter based on the facts and the
pertinent provisions of the Plan within 60 days after the receipt of the request
for review (unless special circumstances require an extension of up to 60
additional days, in which case written notice of such extension

                                      -16-

<PAGE>

shall be given to the claimant prior to the commencement of such extension).
Such decision shall be written in a manner calculated to be understood by the
claimant, shall state the specific reasons for the decision and the specific
Plan provisions on which the decision was based and shall, to the extent
permitted by law, be final and binding on all interested persons. In addition,
the notice of adverse determination shall also include statements that the
claimant is entitled to receive, upon request and free of charge, reasonable
access to, and copies of, all documents, records and other information relevant
to the claimant's claim for benefits and a statement of the claimant's right to
bring a civil action under Section 502(a) of ERISA.

     Section 9.4 Revocability of Action. Any action taken by the Plan
Administrator or the Compensation Committee with respect to the rights or
benefits under the Plan of any person shall be revocable as to payments not yet
made to such person. In addition, the acceptance of any Excess Retirement
Benefits under the Plan constitutes acceptance of and agreement to the Plan
making any appropriate adjustments in future payments to any person (or to
recover from such person) any excess payment or underpayment previously made to
him.

     Section 9.5 Amendment. The Company (with the approval or ratification of
the Benefits Committee) may at any time amend any or all of the provisions of
this Plan, except that (a) no such amendment may adversely affect the amount of
any Participant's vested Excess Retirement Benefit as of the date of such
amendment and (b) no such amendment may suspend the crediting of earnings on the
balance of a Participant's Account, until the entire balance of such Account has
been distributed, in either case without the prior written consent of the
Participant. Any amendment shall be in the form of a written instrument executed
by an officer of the Company. Subject to the foregoing provisions of this
Section, such amendment shall become effective as of the date specified in such
instrument or, if no such date is specified, on the date of its execution.

     Section 9.6 Termination.

          (a) The Company, in its sole discretion, may terminate this Plan at
any time and for any reason whatsoever, except that, subject to Subsection (b)
hereof, (i) no such termination may adversely affect the amount of any
Participant's vested Excess Retirement Benefit as of the date of such
termination and (ii) no such termination may suspend the crediting of earnings
on the balance of a Participant's Account, until the entire balance of such
Account has been distributed, in either case without the prior written consent
of the Participant. Any such termination shall be expressed in the form of a
written instrument executed by an officer of the Company, with the approval or
ratification of the Compensation Committee. Subject to the foregoing provisions
of this Section, such termination shall become effective as of the date
specified in such instrument or, if no such date is specified, on the date of
its execution. Written notice of any termination shall be given to the
Participants as soon as practicable after the instrument is executed.

          (b) Notwithstanding anything in the Plan to the contrary, to the
extent permitted under Code Section 409A, in the event of a termination of the
Plan (or any portion thereof), the Company, in its sole and absolute discretion,
shall have the right to change the time and form of distribution of
Participants' Excess Retirement Benefits, including requiring that all amounts

                                      -17-

<PAGE>

credited to a Participant's Account hereunder be immediately distributed in the
form of a lump sum payment.

     Executed this 8th day of February, 2006.

                                        THE KITCHEN COLLECTION, INC.

                                        By: /s/ Charles A. Bittenbender
                                            ------------------------------------
                                        Title: Assistant Secretary
                                               ---------------------------------

                                      -18-

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