Document:

Exhibit 10.11

                               THIRD AMENDMENT TO
                       THE C&D TECHNOLOGIES, INC. PENSION
                           PLAN FOR SALARIED EMPLOYEES

     THIS  THIRD  AMENDMENT  is  made  on  this  19th  of  March  2004,  by  C&D
Technologies,  Inc., a corporation duly organized and existing under the laws of
the State of Pennsylvania (hereinafter called the "Company").

                                  INTRODUCTION

     WHEREAS, the Company maintains the C&D Technologies,  Inc. Pension Plan for
Salaried Employees (the "Salaried Plan").

     WHEREAS,  the Company desires to amend the Plan to comply with the Internal
Revenue  Service's  final  regulations  concerning  special rules under Internal
Revenue Code Section  417(a)(7) for written  explanations  provided by qualified
retirement plans after annuity starting dates.

     WHEREAS,  the Company also desires to amend the Plan to reflect a change in
the minimum distribution rules required by the Internal Revenue Service pursuant
to Revenue Procedure 2002-29 to maintain the tax-qualified status of the Plan.

                                    AMENDMENT

     NOW,  THEREFORE,  effective  January 1, 2004, the Company hereby amends the
Plan as follows:

1.  By  deleting  the  existing  Section  1.11  and  substituting  therefor  the
following:

                    "1.11 Annuity Starting Date

                    The first day of the period  after  delivery  to a Member of
                    the written explanation required by Plan Section 6.3(b), for
                    which an amount is scheduled to commence as an annuity or in
                    any  other  form.  If  pension  payments  in  any  form  are
                    suspended  after the Normal  Retirement  Date in  accordance
                    with Plan  Section  11.6,  the  re-commencement  of  pension
                    payments  shall not be  treated as a new  `Annuity  Starting
                    Date.'"

                                      <PAGE>

2. By deleting Section 4.7 effective  January 1, 2003 and substituting  therefor
the following:

                    "4.7 Code Section 401(a)(9) Provisions

                         (a) General Rules.

                         (1) Effective  Date and  Precedence.  The provisions of
                    this  Section  4.7 will apply for  purposes  of  determining
                    required minimum  distributions for calendar years beginning
                    with the 2003 calendar  year. The provisions of this Section
                    4.7 will take precedence over any inconsistent provisions of
                    the Plan.

                         (2) Requirements of Treasury Regulations  Incorporated.
                    All  distributions  required  under this Section 4.7 will be
                    determined   and  made  in  accordance   with  the  Treasury
                    Regulations promulgated under Code Section 401(a)(9).

                         (3) TEFRA Section 242(b)(2) Elections.  Notwithstanding
                    the  provisions  of this Section 4.7,  distributions  may be
                    made under a  designation  made before  January 1, 1984,  in
                    accordance  with  Section  242(b)(2)  of the Tax  Equity and
                    Fiscal  Responsibility Act (TEFRA) and the provisions of the
                    Plan that relate to Section 242(b)(2) of TEFRA.

                         (b) Time and Manner of Distribution.

                         (1)  Required   Beginning  Date.  The  Member's  entire
                    interest will be distributed, or begin to be distributed, to
                    the Member no later  than the  Member's  Required  Beginning
                    Date.

                         (2) Death of Member Before  Distributions Begin. If the
                    Member dies before  distributions begin, the Member's entire
                    interest will be distributed, or begin to be distributed, no
                    later than as follows:

                         (i)  If  the  Member's  Spouse  is  the  Member's  sole
                    Designated  Beneficiary,  then  distributions  to the Spouse
                    will begin by December 31 of the calendar  year  immediately
                    following  the calendar year in which the Member died, or by
                    December 31 of the  calendar  year in which the Member would
                    have attained age 70 1/2, if later.

                         (ii) If the Member's  Spouse is not the  Member's  sole
                    Designated Beneficiary, then distributions to the Designated
                    Beneficiary  will begin by December 31 of the calendar  year
                    immediately  following the calendar year in which the Member
                    died.

<PAGE>

                         (iii)  If  there  is no  Designated  Beneficiary  as of
                    September 30 of the year  following the year of the Member's
                    death,  the Member's  entire interest will be distributed by
                    December  31 of  the  calendar  year  containing  the  fifth
                    anniversary of the Member's death.

                         (iv)  If  the  Member's  Spouse  is the  Member's  sole
                    Designated  Beneficiary and the Spouse dies after the Member
                    but  before   distributions   to  the  Spouse  begin,   this
                    Subsection  (b)(2),  other than this  Subsection  (b)(2)(i),
                    will apply as if the Spouse were the Member.

          For purposes of this  Subsection  (b)(2) and Subsection (e) of Section
     4.7,   unless   Subsection   (b)(2)(iv)   of  this   Section  4.7  applies,
     distributions  are considered to begin on the Member's  Required  Beginning
     Date. If Subsection  (b)(2) of this Section 4.7 applies,  distributions are
     considered to begin on the date  distributions are required to begin to the
     Spouse under  Subsection  (b)(2)(i)  of this Section 4.7. If  distributions
     under an annuity purchased from an insurance company  irrevocably  commence
     to the  Member  before  the  Member's  Required  Beginning  Date (or to the
     Member's Spouse before the date  distributions are required to begin to the
     Spouse under Section  (b)(2)(i)),  the date distributions are considered to
     begin is the date distributions actually commence.

                         (3) Form of Distribution.  Unless the Member's interest
                    is distributed  in the form of an annuity  purchased from an
                    insurance  company  or in a  single  sum  on or  before  the
                    Required  Beginning  Date,  as  of  the  first  Distribution
                    Calendar Year, distributions will be made in accordance with
                    Subsections  (c),  (d) and (e) of this  Section  4.7. If the
                    Member's  interest is  distributed in the form of an annuity
                    purchased   from   an   insurance   company,   distributions
                    thereunder will be made in accordance with the  requirements
                    of Section  401(a)(9) of the Code and  Treasury  Regulations
                    promulgated  thereunder.  Any part of the Member's  interest
                    which is in the form of an  individual  account as described
                    in Code  Section  414(k)  will be  distributed  in a  manner
                    satisfying the  requirements  of Code Section  401(a)(9) and
                    Treasury  Regulations  promulgated  thereunder that apply to
                    individual accounts.

                    (c) Determination of Amount to be Distributed Each Year.

                         (1)  General  Annuity  Requirements.  If  the  Member's
                    interest is paid in the form of annuity  distributions under
                    the  Plan,  payments  under the  annuity  will  satisfy  the
                    following requirements:

                         (i) the annuity  distributions will be paid in periodic
                    payments made at intervals not longer than one year;

<PAGE>

                         (ii) the  distribution  period  will be over a life (or
                    lives) or over a period  certain  not longer than the period
                    described in Subsection (d) or (e) of this Section 4.7;

                         (iii) once payments  have begun over a period  certain,
                    the period  certain  will not be changed  even if the period
                    certain is shorter than the maximum permitted;

                         (iv) payments will either be  nonincreasing or increase
                    only as follows:

                         (A) by an  annual  percentage  increase  that  does not
                    exceed the annual  percentage  increase in a  cost-of-living
                    index that is based on prices of all items and issued by the
                    Bureau of Labor Statistics;

                         (B) to the extent of the reduction in the amount of the
                    Member's  payments  to provide for a survivor  benefit  upon
                    death, but only if the Beneficiary whose life was being used
                    to determine the distribution period described in Subsection
                    (d) of this  Section  4.7 dies or is no longer the  Member's
                    Beneficiary pursuant to a qualified domestic relations order
                    within the meaning of Code Section 414(p);

                         (C) to provide cash  refunds of employee  contributions
                    upon the Member's death; or

                         (D) to pay  increased  benefits that result from a Plan
                    amendment.

                         (2)  Amount  Required  to be  Distributed  by  Required
                    Beginning  Date.  The amount that must be  distributed on or
                    before the  Member's  Required  Beginning  Date (or,  if the
                    Member   dies   before   distributions   begin,   the   date
                    distributions   are  required  to  begin  under   Subsection
                    (b)(2)(i)  or (ii) of this  Section 4.7) is the payment that
                    is required  for one payment  interval.  The second  payment
                    need not be made until the end of the next payment  interval
                    even if that  payment  interval  ends in the  next  calendar
                    year.  Payment  intervals are the periods for which payments
                    are received (e.g., bimonthly,  monthly,  semi-annually,  or
                    annually).  All of the Member's  benefit  accruals as of the
                    last day of the  first  Distribution  Calendar  Year will be
                    included  in the  calculation  of the amount of the  annuity
                    payments  for  payment  intervals  ending  on or  after  the
                    Member's Required Beginning Date.

<PAGE>

                         (3)  Additional   Accruals  After  First   Distribution
                    Calendar  Year.  Any  additional  benefits  accruing  to the
                    Member in a  calendar  year  after  the  first  Distribution
                    Calendar Year will be  distributed  beginning with the first
                    payment  interval  ending in the calendar  year  immediately
                    following the calendar year in which such amount accrues.

                    (d)  Requirements  for Annuity  Distributions  that Commence
                    During Member's Lifetime.

                         (1) Joint Life Annuities  Where the  Beneficiary Is Not
                    the  Member's  Spouse.  If the  Member's  interest  is being
                    distributed in the form of a joint and survivor  annuity for
                    the joint lives of the Member and a  nonspouse  Beneficiary,
                    annuity  payments  to be  made  on  or  after  the  Member's
                    Required Beginning Date to the Designated  Beneficiary after
                    the  Member's   death  must  not  at  any  time  exceed  the
                    applicable percentage of the annuity payment for such period
                    that would have been  payable to the Member  using the table
                    set   forth  in  Q&A-2  of   Treasury   Regulation   Section
                    1.401(a)(9)-6T. If the form of distribution combines a joint
                    and survivor annuity for the joint lives of the Member and a
                    nonspouse  Beneficiary  and a period  certain  annuity,  the
                    requirement in the preceding  sentence will apply to annuity
                    payments to be made to the Designated  Beneficiary after the
                    expiration of the period certain.

                         (2)  Period  Certain  Annuities.  Unless  the  Member's
                    Spouse is the sole  Designated  Beneficiary  and the form of
                    distribution  is a period  certain and no life annuity,  the
                    period certain for an annuity distribution commencing during
                    the  Member's   lifetime  may  not  exceed  the   applicable
                    distribution   period  for  the  Member  under  the  Uniform
                    Lifetime  Table set  forth in  Treasury  Regulation  Section
                    1.401(a)(9)-9  for  the  calendar  year  that  contains  the
                    annuity starting date. If the annuity starting date precedes
                    the year in which the Member  reaches age 70, the applicable
                    distribution  period  for  the  Member  is the  distribution
                    period for age 70 under the Uniform Lifetime Table set forth
                    in Treasury Regulation Section 1.401(a)(9)-9 plus the excess
                    of 70 over the age of the Member as of the Member's birthday
                    in the year that contains the annuity  starting date. If the
                    Member's Spouse is the Member's sole Designated  Beneficiary
                    and the form of distribution is a period certain and no life
                    annuity, the period certain may not exceed the longer of the
                    Member's applicable distribution period, as determined under
                    this  Section  4(b),  or the  joint  life and last  survivor
                    expectancy  of  the  Member  and  the  Member's   Spouse  as
                    determined under the Joint and Last Survivor Table set forth
                    in  Treasury  Regulation  Section  1.401(a)(9)-9,  using the
                    attained  ages of the Member and the  Member's  Spouse as of
                    the  birthday of the Member and the  Member's  Spouse in the
                    calendar year that contains the annuity starting date.

<PAGE>

                    (e) Requirements for Minimum Distributions Where Member Dies
                    Before Date Distributions Begin

                         (1) Member Survived by Designated  Beneficiary.  If the
                    Member  dies  before  the  date  distribution  of his or her
                    interest begins and there is a Designated  Beneficiary,  the
                    Member's entire  interest will be distributed,  beginning no
                    later than the time  described  in  Subsection  (b)(2)(i) or
                    (ii) of this  Section 4.7,  over the life of the  Designated
                    Beneficiary or over a period certain not exceeding:

                         (i)  unless  the  annuity  starting  date is before the
                    first Distribution Calendar Year, the Life Expectancy of the
                    Designated  Beneficiary  determined using the  Beneficiary's
                    age as of the  Beneficiary's  birthday in the calendar  year
                    immediately  following  the  calendar  year of the  Member's
                    death; or

                         (ii) if the annuity  starting  date is before the first
                    Distribution  Calendar  Year,  the  Life  Expectancy  of the
                    Designated  Beneficiary  determined using the  Beneficiary's
                    age as of the  Beneficiary's  birthday in the calendar  year
                    that contains the annuity starting date.

                         (2)  No  Designated  Beneficiary.  If the  Member  dies
                    before  the  date  distributions   begin  and  there  is  no
                    Designated  Beneficiary  as  of  September  30 of  the  year
                    following the year of the Member's  death,  distribution  of
                    the Member's  entire  interest will be completed by December
                    31 of the calendar year containing the fifth  anniversary of
                    the Member's death.

                         (3) Death of Surviving  Spouse Before  Distributions to
                    Surviving  Spouse Begin.  If the Member dies before the date
                    distribution  of his or her  interest  begins,  the Member's
                    Spouse is the Member's sole Designated Beneficiary,  and the
                    Spouse dies before  distributions to the Spouse begin,  this
                    Subsection  (e) will apply as if the Spouse were the Member,
                    except that the time by which  distributions must begin will
                    be determined without regard to Subsection (b)(2)(i) of this
                    Section 4.7.

                    (f) Definitions.  As used in this Section 4.7, the following
                    words and phrases shall have the meaning set forth below:

                         (1)  Designated  Beneficiary.  The  individual  who  is
                    designated as the Beneficiary under Section 1.14 of the Plan
                    and  is  the  Designated   Beneficiary  under  Code  Section
                    401(a)(9)  and Treasury  Regulation  Section  1.401(a)(9)-1,
                    Q&A-4.

<PAGE>

                         (2)  Distribution  Calendar  Year. A calendar  year for
                    which a minimum distribution is required.  For distributions
                    beginning before the Member's death, the first  Distribution
                    Calendar Year is the calendar year immediately preceding the
                    calendar year which contains the Member's Required Beginning
                    Date. For distributions  beginning after the Member's death,
                    the first Distribution Calendar Year is the calendar year in
                    which  distributions  are  required  to  begin  pursuant  to
                    Subsection (b)(2) of this Section 4.7.

                         (3) Life Expectancy. Life Expectancy as computed by use
                    of the Single  Life Table in  Treasury  Regulations  Section
                    1.401(a)(9)-9.

                         (4) Required  Beginning  Date.  The April 1st following
                    the later of the calendar  year in which the Member  attains
                    70 1/2 or terminates  employment with the Related Companies;
                    provided,  however,  that if the  Member is a "5% owner" (as
                    defined in Code Section 416), the required beginning date is
                    April 1st  following  the calendar  year in which the member
                    attains 70 1/2."

3. By  replacing  the phrase  "Annuity  Starting  Date"  wherever  it appears in
Section 5.2 with the phrase "date benefits actually commence."

4. By  replacing  the phrase  "Annuity  Starting  Date"  wherever  it appears in
Section 6.2 with the phrase "date benefits actually commence."

5. By deleting the existing  last  sentence of Section  6.3(a) and  substituting
therefor the following:

               "Provided  that  the  Member  receives  the  explanation  of  the
               Qualified  Joint  and  Survivor  Pension  prior to such  Member's
               Annuity  Starting  Date,  a Member  may elect to waive the thirty
               (30)  day  minimum  notice  period  by  delivering  to  the  Plan
               Administrator  a form  prescribed by the Plan  Administrator  for
               such purpose, provided, however, that such Member may revoke such
               waiver  within  seven  (7)  days  of  its  receipt  by  the  Plan
               Administrator."

6. By deleting the  existing  first  paragraph  of Section 6.4 and  substituting
therefor the following:

               "In lieu of the Normal Form of Payment or  Alternate  Normal Form
               of Payment,  a Member other than a Vested Member  (except for the
               provisions  of  Plan  Section  6.8)  or a  Member  retiring  on a
               disability  retirement  may elect an  optional  form of  payment,
               subject to the  provisions of Plan Section 6.3. The optional form
               of benefit will be the Actuarial Equivalent of the Normal Form of
               Payment by  application  of the  reduction  factors  described in
               Appendix  A. A Member  may also  change  or  revoke  an  election
               previously  made,  subject to the spousal  consent  provisions of
               Plan  Section  6.3.  A written  application  to elect,  change or
               revoke an  optional  form of payment  must be filed by the Member
               prior to the Member's Annuity Starting Date, or if the conditions
               of  Section  6.13  are met,  the  Member's  `Retroactive  Annuity
               Starting Date.' The optional forms of benefit are:"

<PAGE>

7. By  replacing  the phrase  "Annuity  Starting  Date"  wherever  it appears in
Section 6.5 with the phrase "date benefits actually commence."

8. By deleting the existing Section 6.6 and substituting therefor the following:

          "6.6 Life Annuity with 120 Monthly Payments Guaranteed Option

               (a) Under the Life Annuity with 120 Monthly  Payments  Guaranteed
               Option,  a Member  may  elect to  receive  a  reduced  retirement
               benefit by  application  of the  reduction  factor  described  in
               Appendix A payable for life provided, however, that subsequent to
               the Annuity  Starting Date, or, if applicable,  the  `Retroactive
               Annuity  Starting  Date' as described in Section  6.13,  not less
               than 120 monthly  payments  of such  reduced  retirement  benefit
               payments shall be made to the Member and/or the Beneficiary named
               by  the  Member.  A  Member  may  name  one  or  more  contingent
               Beneficiaries  to receive the  benefits  under this Option in the
               event of the death of the primary Beneficiary.

               (b) In the event of the death of both the Member  and  designated
               Beneficiary,  subsequent  to the Annuity  Starting  Date,  or, if
               applicable,  the `Retroactive Annuity Starting Date' as described
               in Section 6.13, and before all the guaranteed payments have been
               made  to  the  Member  and/or  Beneficiary,  the  commuted  value
               determined in accordance  with Appendix A of the remainder of the
               120 guaranteed payments shall be paid in a lump sum;

               (i) to the designated contingent Beneficiary if living, or

               (ii) if no contingent Beneficiary is designated or living, to the
               estate of the last to survive of the Member or the Beneficiary."

9. By adding the following new Section 6.13:

          "6.13 Retroactive Annuity Starting Date

               Notwithstanding   any  other  provisions  of  the  Plan,  if  the
               requirements  of this Section 6.13 are met, a Member may elect to
               receive his benefit based on his  `Retroactive  Annuity  Starting
               Date' in any form of payment under the Plan with the exception of
               a lump sum under Plan Section 6.8. A Member's Retroactive Annuity
               Starting Date is a date for which benefit payments under the Plan

<PAGE>

               may  commence  that  occurs  on or  before  the date the  written
               explanation  required by Plan  Section  6.3(a) is provided to the
               Member.

               The  future  periodic  payments  made to a Member  who elects the
               Retroactive  Annuity Starting Date must be the same as the future
               periodic payments that would have been paid to the Member had the
               payments actually  commenced on the Retroactive  Annuity Starting
               Date.

               The first  payment to a Member who elects a  Retroactive  Annuity
               Starting  Date shall be equal to such  Member's  monthly  annuity
               payment  plus an amount  equal to each  monthly  annuity  payment
               missed during the period from the  Retroactive  Annuity  Starting
               Date to the date of the actual  payment,  plus interest  based on
               the interest rate used to determine  Actuarial  Equivalent  under
               the  Plan  through  the  actual  date in which  annuity  payments
               actually commence.

               In the  event  that  the  Member's  election  of the  Retroactive
               Annuity  Starting  Date  would  reduce  monthly  payment  of  the
               survivor  annuity  payable  to  the  Member's  Spouse,  then  the
               Member's  election of a  Retroactive  Annuity  Starting Date will
               require  the  Spouse's  written  consent  in the form and  manner
               described  in Section  6.3(b).  For the  purposes of this Section
               6.13,  the person who  constitutes  a  Member's  Spouse  shall be
               determined  on the date the first  payment  is made to the Member
               pursuant to his election of a Retroactive Annuity Starting Date.

               The distribution of the Member's benefits pursuant to the elected
               Retroactive  Annuity  Starting Date must satisfy the requirements
               of Plan Section 5.4 as of such Retroactive Annuity Starting Date.
               In the event  that the  Retroactive  Starting  Date  elected by a
               Member is more than  twelve  months  prior the date  distribution
               actually commences,  then the distribution of benefits elected by
               the Member must also satisfy the requirements of Plan Section 5.4
               as of the date distribution commences.

               The Plan  Administrator  shall  provide  each Member who elects a
               Retroactive  Annuity  Starting Date with the written  explanation
               required  under Plan Section 6.3(a) at least thirty (30) days and
               not earlier  than ninety (90) days prior to the date the Member's
               benefits actually commence.

               The  election  of a  Retroactive  Annuity  Starting  Date and the
               optional form of Pension, if applicable, shall be in writing on a
               form approved by the Plan Administrator and submitted to the Plan
               Administrator,  and shall become  effective on the date  benefits
               actually commence."

10. By deleting  the  existing  Section  7.1(d) and  substituting  therefor  the
following:

<PAGE>

               "(d) Upon receipt of retirement  benefits the Member shall become
               a Retired Member and, in accordance  with Article VI, there shall
               be payable a monthly  Normal Form of retirement  benefit equal to
               such  Member's  Accrued  Benefit,  reduced  by 1/2 of 1% for each
               completed  month by which  the  Annuity  Starting  Date,  or,  if
               applicable,  the `Retroactive Annuity Starting Date' as described
               in Section 6.13, precedes the Member's Normal Retirement Date."

     Except as specifically  amended hereby, the Plan shall remain in full force
and effect as prior to this Third Amendment.

     IN WITNESS WHEREOF, the Company has executed this Third Amendment as of the
day and year first above written.

                                    COMPANY:
                                    C&D TECHNOLOGIES, INC.

                                    By:  /s/ Kevin D. Burgess
                                        ----------------------------------------

                                    Title: VP Human Resouces
                                           -------------------------------------Exhibit 10.12

                             C&D TECHNOLOGIES, INC.

                     Supplemental Executive Retirement Plan

          as of February 27, 2004 (compiled to reflect all amendments)

     WHEREAS,  C&D  TECHNOLOGIES,  INC. has adopted the C&D  TECHNOLOGIES,  INC.
Supplemental  Executive  Retirement Plan, effective as of September 30, 1997, in
order to provide  supplemental  retirement  income to Executives  whose benefits
have been restricted under the Pension Plan and the Savings Plan.

     WHEREAS,  C&D TECHNOLOGIES,  INC.,  intends that the Plan be a nonqualified
supplemental executive retirement plan to provide supplemental retirement income
to certain employees who are considered part of a "select group of management or
highly compensated  employees" within the meaning of Sections 201(2),  301(a)(3)
and 401(a)(1) of ERISA,  whose  benefits  under the Pension Plan and the Savings
Plan have been restricted by federal law.

     WHEREAS, C&D TECHNOLOGIES,  INC. for ease of reference,  desires to compile
all modifications to the Plan as of February 27, 2004.

     NOW, THEREFORE,  in consideration of the mutual covenants herein contained,
the terms of the Plan are as follows:

1. Definitions. For purposes of this Plan, the following definitions apply:

     (a) "Actuarial  Equivalent"  means an amount equal in value on an actuarial
basis,  as determined by an actuary  selected by the  Committee,  based upon the
UP-84  mortality table (unisex) with no setback and an annual interest rate of 7
1/4%.

     (b)  "Affiliate"  means any company or other  entity,  presently  or in the
future  existing,  which is  affiliated  with the Company  within the meaning of
Sections 414(b), (c), (m) and (o) of the Code.

     (c) "Board" means the Board of Directors of the Company.

     (d)  "Cause"  means  (i)  in the  case  where  there  is no  employment  or
consulting agreement between the Company or an Affiliate and Executive, or where
there is an employment  or consulting  agreement,  but such  agreement  does not
define cause (or words of like import),  termination  due to Executive's  fraud,
willful  misconduct,  gross  negligence  with  respect  to  the  Company  or  an
Affiliate,  or  Executive's  conviction  of a felony;  or (ii) in the case where
there is an  employment  or  consulting  agreement  between  the  Company  or an
Affiliate and Executive,  termination that is or would be deemed to be for cause
(or words of like import) as defined under such  agreement.  The Committee shall
have sole discretion to determine  whether Cause exists,  and its  determination
shall be final, binding and conclusive.
<PAGE>

     (e) "Change of Control" means the  occurrence of any of the following:  (i)
any person (as  defined in Section  3(a)(9) of the  Exchange  Act and as used in
Sections 13(d) and 14(d) thereof), excluding the Company, any Subsidiary and any
employee  benefit plan  sponsored or maintained by the Company or any Subsidiary
(including  any  trustee  of any such  plan  acting  in his or her  capacity  as
trustee), but including a "group" as defined in Section 13(d)(3) of the Exchange
Act, becomes the beneficial owner (as defined in Rule 13(d)-3 under the Exchange
Act) of shares of the Company  having at least thirty percent (30%) of the total
number of votes that may be cast for the  election of  directors of the Company;
(ii) the  shareholders of the Company shall approve any merger or other business
combination of the Company,  sale of all or  substantially  all of the Company's
assets or combination of the foregoing  transactions  (a  "Transaction"),  other
than  a  Transaction  involving  only  the  Company  and  one  or  more  of  its
Subsidiaries,  or a Transaction  immediately following which the shareholders of
the Company immediately prior to the Transaction  continue to have a majority of
the  voting  power in the  resulting  entity  (excluding  for this  purpose  any
shareholder of the Company owning  directly or indirectly  more than ten percent
(10%) of the shares of the other  company  involved in the  Transaction)  and no
person is the  beneficial  owner (as defined in Rule 13(d)-3  under the Exchange
Act) of at least thirty  percent (30%) of the shares of the resulting  entity as
contemplated  by subparagraph  (i) above;  or (iii) within any twenty-four  (24)
month  period  beginning  on or after  the date  hereof,  the  persons  who were
directors of the Company  immediately  before the  beginning of such period (the
"Incumbent  Directors")  shall  cease  (for any  reason  other  than  death)  to
constitute  at least a majority  of the Board or the board of  directors  of any
successor to the Company,  provided that, any director who was not a director as
of the date hereof shall be deemed to be an Incumbent  Director if such director
was elected to the Board by, or on the  recommendation  of or with the  approval
of, at least  two-thirds  (2/3) of the directors who then qualified as Incumbent
Directors  either  actually or by prior  operation of this  subparagraph  (iii),
unless such election,  recommendation or approval was the result of an actual or
threatened  election contest of the type contemplated by Rule 14a-11 promulgated
under  the  Exchange  Act  or  any  successor  provision.   Notwithstanding  the
foregoing,  no Change of Control of the Company shall be deemed to have occurred
for purposes of this Plan by reason of any actions or events in which  Executive
participates  in a capacity other than in his or her capacity as an executive of
the Company.

     (f) "Code" means the Internal Revenue Code of 1986, as amended.

     (g) "Committee" means the Compensation  Committee of the Board to which the
Board has delegated its authority to administer this Plan on its behalf.

     (h) "Company" means C&D TECHNOLOGIES, INC. or any successor thereto.

     (i)  "Disability" or "Disabled"  means disability or disabled as defined in
the Pension Plan.

     (j) "ERISA" means the Employee  Retirement  Income Security Act of 1974, as
amended.

     (k) "Exchange Act" means the Securities Exchange Act of 1934, as amended.
<PAGE>

     (l) "Executive"  means an employee who is considered part of a select group
of  management  or highly  compensated  employees,  including  the President and
including direct reports to the Chief Executive Officer of the Company and other
key employees as from time to time may be  designated  by the Board.  Executives
who are  designated  by the  Board to  participate  in the Plan  are  listed  on
Appendix A. The Board may at any time add  additional  Executives  to Appendix A
and exclude any Executive from future  participation  in this Plan,  except that
any such exclusion shall not reduce any benefit previously accrued hereunder.

     (m) "Maximum Annual Benefit" means an amount calculated by subtracting from
the Retirement Factor: (i) the annual accrued benefit as of the Qualifying Event
(based on a monthly  single life annuity)  payable at normal  retirement age (as
defined in the Pension Plan);  (ii) one-half of the Executive's  Social Security
Benefit as of the Qualifying  Event; and (iii) the dollar amount as set forth in
Appendix A Section I of the Plan. Notwithstanding anything in this Section 1 (m)
to the contrary,  the  calculation  of the Maximum Annual Benefit shall be based
solely  on full and  consecutive  years of  employment  with the  Company  or an
Affiliate  and  shall  cease to accrue  and vest  after an  Executive's  date of
termination  with the  Company or an  Affiliate  under the Savings  Plan.  (This
Section 1(m) is effective as of December 3, 2003.)

     (n)  "Pension  Plan"  means the C&D  TECHNOLOGIES,  INC.  Pension  Plan for
Salaried Employees, as amended from time to time.

     (o)  "Plan"  means  this  C&D  TECHNOLOGIES,  INC.  Supplemental  Executive
Retirement Plan, as amended from time to time.

     (p)  "President"  means Wade H. Roberts,  Jr. upon the  commencement of his
employment with the Company as President of the Company.

     (q)  "Qualifying  Event"  means the first to occur of any of the  following
events  while  Executive  is  employed  by  the  Company  or an  Affiliate:  (i)
retirement on or after attainment of age 65; (ii) early retirement before age 65
and after age 62; and (iii) occurrence of a Change of Control.

     (r)  "Retirement  Factor" means $100,000  indexed  annually by 4% beginning
September 30, 1998 or such other amount and index factor  specified by the Board
in its  sole  discretion  and  listed  on  Appendix  A next  to the  name of the
Executive.  In the event that no amount or index is specified on Appendix A next
to the name of the Executive,  the Retirement  Factor shall be $100,000  indexed
annually by 4% beginning September 30, 1998.  Notwithstanding anything herein to
the contrary, an Executive's  Retirement Factor shall cease to be subject to any
indexing  on  and  after  the  date  that  an  Executive  terminates  his or her
employment with the Company or its Affiliates.

     (s) "Savings Plan" means the C&D TECHNOLOGIES,  INC. Savings Plan, which is
the Code Section 401(k) Plan maintained by the Company,  as amended from time to
time.

     (t) "SERP Benefit" means the vested benefit payable under this Plan.
<PAGE>

     (u)  "Social  Security  Benefit"  means the  amount of  Executive's  social
security  benefit that would be payable upon the  Executive's  attainment of age
65, calculated by the Company's actuary in accordance with reasonable  actuarial
assumptions.

     (v) "Subsidiary" means a subsidiary corporation under Section 424(f) of the
Code.

2. Covenant Not to Compete.

     (a) Except in the case of payment of the SERP Benefit to  Executive  upon a
Change of  Control,  during the  period  for which the SERP  Benefit is paid and
during the period  following  Executive's  termination  of  employment  with the
Company or an Affiliate,  Executive shall not, without having first obtained the
written consent of the Board,  perform consulting or other services for, or have
any position with (whether as director, officer, employee,  consultant, agent or
otherwise) or ownership  interest in any business or organization  which, in the
sole opinion of the Board,  is engaged in any activity  which is in  competition
with the business then being conducted by the Company or any Affiliate. The term
"ownership   interest"   as  used  in  the   preceding   sentence   includes   a
proprietorship,  partnership,  joint venture,  stock or other equity interest of
five percent (5%) or more held of record or beneficially by Executive.

     (b) Except in the case of payment of the SERP Benefit to  Executive  upon a
Change of  Control,  if  Executive  terminates  his or her  employment  with the
Company or an Affiliate  and performs  service for a  competitor,  as defined in
paragraph 2(a) above, he or she shall forfeit all rights,  privileges and claims
hereunder  and to any SERP  Benefit  and all  rights  of  Executive,  his or her
spouse,  his or her  designees  and his or her  estate to any such SERP  Benefit
shall terminate and be forfeited (to the maximum extent permitted by law).

3. Eligibility for and Calculation of SERP Benefit.

     (a)  Payment  Date.   Except  with  respect  to  an  Executive's  death  or
Disability, the Company shall pay the SERP Benefit to Executive beginning on the
first  of the  month  following  the date on which a  Qualifying  Event  occurs.
Notwithstanding the foregoing, in the event that Executive shall have terminated
employment  (other  than due to  death or  Disability)  with the  Company  or an
Affiliate prior to a Qualifying Event but on or after the date Executive becomes
fully vested  under  Section  3(f) of the Plan,  the Company  shall pay the SERP
Benefit to Executive  beginning on the first of the month  following the earlier
of: (i) attainment of age 65; or (ii) occurrence of a Change of Control.  In the
event that Executive becomes Disabled or dies, the SERP Benefit shall be payable
in accordance with Section 5 or 6, respectively.

     (b)  Calculation  of SERP Benefit.  (i) Standard  Calculation.  Except with
respect to a Change of Control and except as specifically  provided in paragraph
3(b)(iii) below with respect to the President, Executive shall not accrue a SERP
Benefit if the Qualifying  Event occurs before Executive has completed seven and
one-half (7.5) full and  consecutive  years of employment with the Company or an
Affiliate.  If the Qualifying  Event occurs on or after seven and one-half (7.5)
full and consecutive  years of employment with the Company or an Affiliate,  the
SERP Benefit for any Executive  (including,  without limitation,  the President)
shall be calculated by  multiplying  (i) the Maximum  Annual Benefit by (ii) the
appropriate percentage from the following schedule:
<PAGE>

<TABLE>
<CAPTION>

                   Years of Employment
                Prior to Qualifying Event                                   Percentage Benefit
<S>                       <C>                                                      <C>

                      less than 7.5                                                 0%

                           7.5                                                     50%

                            8                                                     53.3%

                            9                                                       60%

                           10                                                      66.7%

                           11                                                      73.3%

                           12                                                       80%

                           13                                                      86.7%

                           14                                                      93.3%

                       15 or more                                                  100%
</TABLE>

         Example 1 - For an unmarried Executive who leaves after 15 years:

                       $100,000        (Assumed retirement in 1997)
                       - 35,000         Age 65 Pension Plan Benefit
                       - 15,000         1/2 Age 65 Social Security Benefit
                        - 5,000         Age 65 Savings Plan Benefit Annuity
                       $ 45,000         Maximum Annual Benefit
                          x 100%        Percentage Benefit @ 15 years
                       $ 45,000*        Annual Age 65 SERP Benefit

         Example 2 - For an unmarried Executive who leaves after 10 years:

                       $100,000        (Assumed retirement in 1997)
                       - 35,000         Age 65 Pension Plan Benefit
                       - 15,000         1/2 Age 65 Social Security Benefit
                        - 5,000         Age 65 Savings Plan Benefit Annuity
                       $ 45,000         Maximum Annual Benefit
                           66.7%        Percentage Benefit @ 10 years
                       $ 30,015*        Annual Age 65 SERP Benefit

* To be adjusted  on an  Actuarial  Equivalent  basis for no other than a single
life annuity.

(ii)  Change of  Control  Calculation.  If the  Qualifying  Event is a Change of
Control,  the SERP Benefit for any Executive who has completed at least five (5)
full and consecutive years of employment with the Company or an Affiliate, shall
be calculated by  multiplying  (i) the Maximum Annual Benefit by (ii) a fraction
(not to exceed 1), the  numerator of which is  Executive's  number of his or her
full and  consecutive  years of employment with the Company or an Affiliate that
the Executive would have had if he or she were continuously employed through age
65, and the  denominator of which is 15. If the Qualifying  Event is a Change of
Control, the SERP Benefit for any Executive who has completed less than five (5)
full and consecutive years of employment with the Company or an Affiliate, shall

<PAGE>

be calculated in accordance with the immediately  preceding sentence  multiplied
by fifty percent (50%).

          Example  1 - For an  unmarried  Executive  at age 62 with 10  years of
          employment  with the Company or an Affiliate and the Qualifying  Event
          is a  Change  of  Control  occurring  in 1997  (due to the  Change  of
          Control,  Executive is credited with 3 additional  years of employment
          as if he or she were continuously employed through age 65):

                       $100,000        (Assumed retirement in 1997)
                       - 35,000         Age 65 Pension Plan Benefit
                       - 15,000         1/2 Age 65 Social Security Benefit
                        - 5,000         Age 65 Savings Plan Benefit Annuity
                       $ 45,000         Maximum Annual Benefit
                           86.7%        Percentage Benefit @ 13 years
                       $ 39,015*        Annual Age 65 SERP Benefit
                                       (To Be Converted into a Lump
                                         Sum Payment under Section 7)

* To be adjusted on an Actuarial  Equivalent basis for forms other than a single
life annuity.

(iii) Accelerated Calculation for President.  Except with respect to a Change of
Control,  if, prior to the  President's  completion of seven and one-half  (7.5)
full and consecutive  years of employment with the Company or an Affiliate,  the
President  is  involuntarily  terminated  by the  Company  without  Cause or the
Company does not renew the  President's  employment  agreement,  the President's
SERP Benefit shall be calculated by  multiplying  (i) the Maximum Annual Benefit
by (ii) the appropriate percentage from the following schedule:

<TABLE>

<CAPTION>
                   Years of Employment
                Prior to Qualifying Event                                   Percentage Benefit
<S>                       <C>                                                        <C>

                       less than 4                                                  0%

                            4                                                       25%

                            5                                                     31.25%

                            6                                                     37.50%

                            7                                                     43.75%

                           7.5                                                      50%
</TABLE>
<PAGE>

     (c) Normal Form of SERP  Benefit.  An  Executive  who is not married at the
time of a  Qualifying  Event  shall  receive  the SERP  Benefit in the form of a
single life annuity,  providing for monthly  benefits for the life of Executive,
with payments ceasing upon Executive's death.  Subject to Section 3(d) below, an
Executive  who is married at the time of a  Qualifying  Event shall  receive the
SERP Benefit in the form of a joint and fifty  percent (50%)  survivor  annuity,
which provides for benefits to be paid monthly to Executive for life, and if his
or her spouse at the time of the  Qualifying  Event survives him or her, for the
spouse's  life or until the spouse  remarries,  whichever  comes first,  monthly
payments  in an  amount  equal to fifty  percent  (50%)  of the  monthly  amount
received by Executive while alive.

     (d)  Optional  Form of SERP Benefit for Married  Executives.  Except in the
case of death prior to  commencement  of the SERP  Benefit  which is governed by
Section 6(a) or in the case of a Change of Control  which is governed by Section
7, the Executive shall have the right, in a writing filed with the Committee, to
elect (subject to the written consent of a married  Executive's spouse in a form
specified by the  Committee) to have his or her SERP Benefit paid in the form of
a single life annuity (providing for monthly benefits for the life of Executive,
with payments ceasing upon Executive's death);  provided,  that such election is
made and filed with the Committee at least one (1) year prior to the Executive's
Qualifying  Event.  Such an election  may be revoked by Executive at any time or
from time to time by written  notice  filed with the  Committee at least one (1)
year prior to Executive's Qualifying Event.

     (e) Actuarial Equivalence. The normal form of SERP Benefit for an Executive
who is not  married at the time of a  Qualifying  Event  shall be a single  life
annuity.  The normal form of SERP Benefit for an Executive who is married at the
time of a Qualifying  Event shall be the  Actuarial  Equivalent of a single life
annuity payable in the form of a joint and fifty percent (50%) survivor annuity.

     (f) Vesting of SERP Benefit.  An Executive's  rights under this Plan to any
SERP Benefit shall be fully vested and  non-forfeitable,  except as set forth in
paragraph 2 hereof,  solely upon the earlier of the: (i) completion of seven and
one-half (7.5) years of full and  consecutive  employment with the Company or an
Affiliate;  or (ii)  occurrence  of a Change  of  Control.  Notwithstanding  the
foregoing,  in the event that, prior to the President's  completion of seven and
one-half (7.5) full and  consecutive  years of employment with the Company or an
Affiliate,  the President is  involuntarily  terminated  by the Company  without
Cause or the Company does not renew the President's  employment  agreement,  the
President's   rights   to  any  SERP   Benefit   shall  be  fully   vested   and
non-forfeitable,  except as set forth in  paragraph  2 hereof,  solely  upon the
earlier of the: (i) completion of four years of full and consecutive  employment
with the Company or an  Affiliate;  or (ii)  occurrence  of a Change of Control.
Notwithstanding anything herein to the contrary,  Executive (including,  without
limitation,  the  President)  shall not have any rights to a SERP Benefit in the
event Executive (including,  without limitation, the President) is terminated by
the Company or an Affiliate for Cause.

<PAGE>

4. Reduction for Early Retirement of Executive.

     The SERP  Benefit  of an  Executive  who  retires  from the  Company  or an
Affiliate  before age 65 and after age 62 shall be reduced by seven percent (7%)
per year  prior to age 65 and shall be paid on the first of the month  following
the Qualifying Event.

5. Disability of Executive.

     (a) Disability While Employed. In the event that Executive becomes Disabled
while  employed by the Company or an Affiliate,  he or she shall cease to accrue
benefits under this Plan. Such Executive shall be entitled to retire and receive
a SERP  Benefit  at age 65 under  the  terms of this  Plan if he or she  remains
Disabled  until age 65. If such  Executive  does not remain  Disabled,  any SERP
Benefit to which he or she is eligible to receive  hereunder or his or her right
to participation hereunder shall be determined under the provisions of this Plan
as of the date his or her Disability  ceases.  In the event that Executive is no
longer disabled and he or she becomes  reemployed by the Company or an Affiliate
immediately following such Disability, then Executive: (i) shall begin to accrue
benefits  under this Plan from the date of  reemployment;  and (ii) shall not be
entitled to any accruals  during the period during which Executive was Disabled.
Notwithstanding   anything  herein  to  the  contrary,   Executive's   full  and
consecutive  years of employment  with the Company or an Affiliate  prior to the
Disability  shall  be  added  to  Executive's  full  and  consecutive  years  of
employment with the Company or an Affiliate after the Disability for purposes of
vesting under Section 3(f) of the Plan and for purposes of calculating  the SERP
Benefit under Section 3(b) of the Plan.

     (b) Death While  Disabled.  Death  benefits,  if any,  shall be paid to the
spouse of a Disabled Executive in accordance with Section 6.

6. Death of Executive.

     (a) Prior To Commencement of the SERP Benefit. In the event of the death of
Executive,  his or her  spouse to which he or she must have been  married to for
over one (1) year immediately prior to his or her death,  shall be entitled to a
monthly  single life annuity equal to fifty percent (50%) of the SERP Benefit to
which  Executive  would have  received as a single life annuity if he or she had
retired on his or her date of death,  payable  beginning  the first of the month
following the date he or she would have attained age 65.

     (b) After  Commencement  of the SERP Benefit.  In the event of the death of
Executive after  commencement of the SERP Benefit,  Executive's  spouse shall be
entitled  to a SERP  Benefit  solely to the  extent  provided  under the form of
benefit  payable to  Executive  and  elected  (subject  to spousal  consent,  if
applicable) under Section 3 of the Plan.

     (c) Spousal benefits shall terminate upon remarriage of spouse.

<PAGE>

7. Change of Control.

     Notwithstanding  anything herein to the contrary, a Qualifying Event due to
a Change of Control will result in a SERP Benefit,  payable to Executive (or, in
the case of death,  Executive's  spouse) in an Actuarial  Equivalent single lump
sum as soon as  administratively  feasible  following  the date of the Change of
Control (but in no event later than the first of the month  following the Change
of Control), equal to the SERP Benefit that would have been payable to Executive
at age 65 as accrued as of the  Qualifying  Event,  except  with  respect to the
crediting  of  additional   years  of  employment  (as  if  the  Executive  were
continuously  employed  through  age 65)  for the  purpose  of  calculating  the
Percentage  Benefit  under  Section  3(b)  of the  Plan.  Without  limiting  the
generality of the foregoing,  an Executive or spouse who has commenced receiving
payment of his or her SERP Benefit prior to a Change of Control,  shall receive,
upon a Change of Control, an Actuarial  Equivalent single lump sum payment based
on the remainder of the SERP Benefit that would have  otherwise  been paid under
the Plan had the Change of Control not occurred.

<TABLE>

<CAPTION>
         Example 4  -
<S>       <C>                                          <C>

                           $  39,015        Maximum Annual Benefit
                           x  6.5826        Lump Sum Conversion Factor (Based On age on Change of Control)*
                           ---------
                           $256,820 Change of Control SERP Benefit

     *Conversion factor will vary based on age. Example is based on age 62.
</TABLE>

8. Funding.

     (a) General  Assets.  Nothing  contained  in this Plan and no action  taken
pursuant to the provisions of this Plan shall create or be construed to create a
trust  of  any  kind,  or a  fiduciary  relationship  between  the  Company  and
Executive,  the Executive's  spouse or any other person. All benefits and rights
described  under  this Plan  shall be and remain  unsecured  obligations  of the
Company.  The Company may pre-fund all or any portion of such benefits or rights
and may enter into a trust agreement  solely for such purpose (a "grantor trust"
under the  Code);  provided  that the  assets of any such  trust  fund  shall be
considered  general  assets of the Company and shall be subject to the claims of
the Company's general creditors.  None of the Executive,  the Executive's spouse
or any estate of such  Executive  or spouse  shall have an  interest,  vested or
otherwise,  in any trust fund hereunder or a secured or preferred  position with
respect thereto or shall have any claim thereto other than as a general creditor
of the Company.

     (b)  Change of  Control.  Any trust  hereunder  shall be  revocable  by the
Company until the occurrence of a Change of Control, at which time the trust, if
any, shall become irrevocable.

<PAGE>

9. Construction of Agreement.

     (a) Any powers  reserved by the Board under this Plan may be  exercised  by
the Committee which shall have general responsibility for the administration and
interpretation of the Plan including  selection of participants,  determinations
of years of employment for purposes of this Plan, and  compliance,  if required,
with   reporting  and  disclosure   rules  of  ERISA.   Any   determination   or
interpretation  of the Board or the Committee  with respect to the Plan shall be
final, binding and conclusive on all persons.

     (b) If the Board  shall  find that any person to whom any amount is payable
under this Plan is unable to care for his or her  affairs  because  of  illness,
accident or physical or mental incapacitation,  is a minor, has died, or for any
other reason shall be  incapable  of properly or legally  receiving  benefits to
which he or she is entitled to under this Plan, then any SERP Benefit due him or
her or his or her  spouse  may,  if the Board so  elects,  be paid to his or her
Beneficiary. Any such payment shall be in complete discharge of the liability of
the Company therefor.

     (c) Neither this Plan nor any action taken  hereunder shall be construed as
giving  Executive  the right to be  retained  or  continue  in the employ of the
Company or an  Affiliate  or as evidence of any  agreement  by the Company or an
Affiliate to employ  Executive in any  particular  position or at any particular
rate of  remuneration  or affect  the right of the  Company or an  Affiliate  to
dismiss Executive.

     (d) The  making of this Plan does not  constitute  or create an  employment
agreement  between the Company or an Affiliate and  Executive or give  Executive
any legal or equitable right against the Company or an Affiliate, its agents, or
its successors or assigns, except as expressly provided by this Plan.

     (e) Any SERP Benefit  payable under this Plan shall not be deemed salary or
other  compensation to Executive for the purpose of computing  benefits to which
Executive  may be  entitled  under any pension or  profit-sharing  plan or other
arrangement  of the Company for the benefit of its employees nor shall  anything
contained herein affect any rights or obligations which Executive may have under
any pre-existing agreement with the Company or an Affiliate.

     (f)  Employment,  compensation  paid,  and  insurance or other  disability,
retirement,  or death  benefits or health plans to be taken into  account  under
this Plan shall include  employment,  compensation  paid, and insurance or other
benefits or plans  provided by any  Affiliate or  organization  which  Executive
served at the request of the Company.

10. Assignment and Non-alienation of SERP Benefit.

     (a) This Plan  shall be  binding  upon and inure to the  benefit of (i) the
Company and its  successors,  assigns and any purchaser of either the Company or
its assets; and (ii) Executive, his or her heirs, executors,  administrators and
legal representatives.

<PAGE>

     No amount  payable  at any time  under  this Plan  shall be  subject in any
manner to alienation by anticipation,  sale, transfer,  assignment,  bankruptcy,
pledge,  attachment,  charge  or  encumbrance  of any kind nor in any  manner be
subject  to the  debts or  liabilities  of any  person,  and any  attempt  to so
alienate or subject any such amount,  whether  presently or thereafter  payable,
shall be null and void.  If any person  shall  attempt  to, or shall,  alienate,
sell, transfer,  assign, pledge, attach, charge or otherwise encumber any amount
payable  under this  Plan,  or any part  thereof,  or if by reason of his or her
bankruptcy  or other event  happening at any such time such amount would be made
subject to his or her debts or liabilities or would  otherwise not be enjoyed by
him or her,  then the Board,  if it so elects,  may direct  that such  amount be
withheld  and that the same or any part thereof be paid or applied to or for the
benefit of such  person,  in such  manner and  proportion  as the Board may deem
proper.

11. Administration.

     (a)  Administration  of Plan.  The Board and the Committee  shall have full
power and  responsibility  to administer  this Plan.  The Board may, in its sole
discretion,  appoint a  committee,  an agent or  agents to carry out  designated
administrative functions.

     (b) Legal, Accounting, Clerical and Other Services. The Board may authorize
one or more of its members,  the  Committee or the  management of the Company to
act on its behalf and may  contract  for legal,  accounting,  clerical and other
services to carry out the  purposes of this Plan.  All  expenses of the Board in
this regard shall be paid by the Company.

     (c) Claims  Procedure.  The Committee  shall be responsible for determining
all  claims for  benefits  under this Plan by  Executive  or his or her  spouse.
Within  ninety  (90) days after  receiving  a claim (or within up to one hundred
eighty (180) days, if the claimant is so notified, including notification of the
reason for the delay), the Committee shall provide adequate notice in writing to
any  Executive  or spouse  whose  claim for  benefits  under  this Plan has been
denied,  setting  forth the specific  reasons for such denial.  The Executive or
spouse will be given an opportunity  for a full and fair review by the Committee
of the decision  denying the claim. The Executive or spouse shall be given sixty
(60) days from the date of the notice  denying  any such  claim to request  such
review by  written  notice  to the  Committee.  Within  sixty  (60)  days  after
receiving a request for  review,  the  Committee  shall  notify the  claimant in
writing  of (i) its  decision;  (ii) the  reasons  therefor;  and (iii) the Plan
provisions  upon  which it is based.  The  Committee  may at any time  alter the
claims  procedure  set forth  herein,  so long as the revised  claims  procedure
complies with ERISA, and the regulations issued thereunder.

<PAGE>

     (d)  Limitation  of  Liability.  No officer of the Company or member of the
Committee,  the Board or any of its  authorized  agents  acting  under this Plan
shall be liable for any action  taken or omitted in good faith  hereunder or for
exercise of any power given hereunder or for the actions of other members of the
Board or the Committee with regard to the Plan. As a condition  precedent to the
establishment of this Plan or the receipt of benefits  hereunder,  or both, such
liability,  if any, is expressly  waived and released by  Executive,  his or her
spouse and all persons claiming under or through Executive or his or her spouse.
Such waiver and release shall be conclusively evidenced by the acceptance of any
benefits under this Plan.

     (e) Indemnification.  Each officer of the Company or member of the Board or
the  Committee,  whether or not acting under this Plan,  shall be indemnified by
the Company  against  expenses (other than amounts paid in a settlement to which
the Company does not consent)  reasonably  incurred by him or her in  connection
with any  action to which he or she may be a party by reason of  performance  of
administrative  functions  and duties  under this Plan,  except in  relation  to
matters as to which he or she shall be adjudged in such action to be  personally
guilty of gross  negligence or willful  misconduct in the  performance of his or
her duties. The foregoing right to indemnification  shall be in addition to such
other rights as the officer or member of the Board or the Committee may enjoy as
a matter of law or by reason of insurance  coverage of any kind.  Rights granted
hereunder   shall  be  in  addition  to  and  not  in  lieu  of  any  rights  to
indemnification pursuant to the by-laws of the Company.

12. Amendment and Termination.

     The  Board  has the  right at any  time  and from  time to time to amend or
terminate  (whether  retroactively or otherwise) this Plan for any reason in any
manner which does not reduce any benefit previously accrued hereunder.

13. Miscellaneous.

     (a) Governing Law. Except to the extent preempted by federal law, this Plan
shall be governed by the laws of the  Commonwealth of Pennsylvania  from time to
time in effect without regard to its conflict of law provisions.

     (b) Withholdings.  The Company shall have the right to make such provisions
as it deems  necessary or appropriate to satisfy any  obligations it may have to
withhold  federal,  state or local  income or other taxes  incurred by reason of
this Plan.

     IN WITNESS  WHEREOF,  the Company has caused this Amended and Restated Plan
to be compiled as of this 27th day of February, 2004.

<PAGE>

APPENDIX A

<TABLE>
<CAPTION>

A. Participation Effective beginning October 22, 1998:

<S>               <C>                                               <C>
                                                              Retirement Factor

         Wade H. Roberts, Jr.               $125,000, indexed annually by 4% beginning September 30, 1999 which,
                                            upon election to the position of Chief Executive Officer, shall be
                                            replaced with $150,000, indexed annually by 4% beginning September
                                            30, 1999.
</TABLE>

B. Participation Effective beginning September 30, 1997:

         1. Dr. Leslie Holden
         2. Paul Kambouroglou
         3. Stephen E. Markert, Jr.

D. Participation Effective Beginning November 30, 1999:

         1. Charles R. Giesige

          Notwithstanding  anything herein to the contrary,  only Mr.  Giesige's
          service  with the Company from March 1, 1999 is to be  recognized  for
          purposes of vesting, or calculation of his SERP Benefit. (That is, Mr.
          Giesige's  prior  service  with  Johnson  Controls,  Inc.  will not be
          recognized for purposes of such calculation in any event, nor will Mr.
          Giesige's   Maximum  Annual  Benefits  be  reduced  by  any  qualified
          retirement program benefits sponsored by Johnson Controls, Inc.)

         2. Linda R. Hansen

         3. Bernie Radecki

E. Participation Effective Beginning February 27, 2001.

            John A. Velker

G. Participation Effective Beginning May 22, 2001.

            David A. Fix

                                       2
<PAGE>

H. Participation Effective Beginning February 26, 2002.

            J. D. Johnson

I. Value of Off-Set Under Plan Section 1(m)(iii)

<TABLE>
<CAPTION>

         Participant                                                   Dollar Amount
<S>        <C>                                                               <C>

         Wade H. Roberts, Jr.                                          $17,189.69
         Linda R. Hansen                                                15,134.05
         Stephen E. Markert, Jr.                                        67,054.65
         Paul Kambouroglou                                              51,526.51
         Charles R. Giesige                                             20,020.47
         John A. Velker                                                 13,520.59
         J.D. Johnson                                                   21,197.32
         David A. Fix                                                   14,406.13
</TABLE>

         (Effective as of December 3, 2003)

J. Participation Effective Beginning February 27, 2004.

         1. Kevin D. Burgess

Notwithstanding  anything herein to the contrary,  an Executive's effective date
of participation  shall be effective on the date(s)  specified  above,  provided
that such Executive is actively  employed by the Company or an Affiliate on such
date.

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00064-of-00352.parquet"}]]