Document:

Exhibit 10.8(a)

 

 

 

 

 

 

 

 

VWR INTERNATIONAL, INC.

RETIREMENT PLAN

(As amended and restated effective June 1, 2005)

 

 

 

 

 

 

 

 

 

 

	
  

  	
   

  	
  Page

  
	
  SECTION 1

  	
  DEFINITIONS

  	
  2

  
	
  1.1

  	
  Accrued Benefit

  	
  2

  
	
  1.2

  	
  Actuarially Equivalent

  	
  2

  
	
  1.3

  	
  Annuity Starting Date

  	
  2

  
	
  1.4

  	
  Applicable Interest Rate

  	
  2

  
	
  1.5

  	
  Applicable Mortality Table

  	
  2

  
	
  1.6

  	
  Beneficiary

  	
  2

  
	
  1.7

  	
  Code

  	
  2

  
	
  1.8

  	
  Committee

  	
  3

  
	
  1.9

  	
  Credited Service

  	
  3

  
	
  1.10

  	
  Disabled

  	
  3

  
	
  1.11

  	
  Earnings

  	
  3

  
	
  1.12

  	
  Eligible Employee

  	
  4

  
	
  1.13

  	
  Employer

  	
  4

  
	
  1.14

  	
  Employment Commencement Date

  	
  4

  
	
  1.15

  	
  ERISA

  	
  5

  
	
  1.16

  	
  Expatriate

  	
  5

  
	
  1.17

  	
  Final Average Monthly Earnings

  	
  5

  
	
  1.18

  	
  Final Average Accrued Benefit

  	
  5

  
	
  1.19

  	
  Foreign Affiliate

  	
  5

  
	
  1.20

  	
  Freeze Date

  	
  5

  
	
  1.21

  	
  Frozen Final Average Accrued Benefit

  	
  5

  
	
  1.22

  	
  Fund

  	
  6

  
	
  1.23

  	
  Funding Agent

  	
  6

  
	
  1.24

  	
  Grandfathered Participant

  	
  6

  
	
  1.25

  	
  Hour of Service

  	
  6

  
	
  1.26

  	
  Investment Manager

  	
  6

  
	
  1.27

  	
  Leased Employee

  	
  6

  
	
  1.28

  	
  Participant

  	
  7

  
	
  1.29

  	
  PBGC

  	
  7

  
	
  1.30

  	
  Period of Service

  	
  7

  
	
  1.31

  	
  Plan

  	
  7

  
	
  1.32

  	
  Plan Administrator

  	
  7

  
	
  1.33

  	
  Plan Year

  	
  7

  
	
  1.34

  	
  Qualified Domestic Relations Order

  	
  7

  
	
  1.35

  	
  Section 401(a)(17) Participant

  	
  8

  
	
  1.36

  	
  Service

  	
  8

  
	
  1.37

  	
  Severance From Service Date

  	
  8

  
	
  1.38

  	
  Spouse

  	
  8

  
	
  1.39

  	
  Temporary Termination

  	
  8

  
	
  1.40

  	
  Temporary Employee

  	
  8

  
	
  1.41

  	
  Terminated (or Termination)

  	
  8

  
	
  1.42

  	
  VWR

  	
  8

  
	
  SECTION 2

  	
  PARTICIPATION

  	
  9

  
	
  2.1

  	
  Eligibility for Participation

  	
  9

  

 

 

	
  2.2

  	
  Reemployment After a Termination

  	
  9

  
	
  2.3

  	
  Special Rules for Certain Participants

  	
  9

  
	
  SECTION 3

  	
  RETIREMENT DATES

  	
  10

  
	
  3.1

  	
  Regular Retirement Date

  	
  10

  
	
  3.2

  	
  Early Retirement Date

  	
  10

  
	
  3.3

  	
  Deferred Retirement Date

  	
  11

  
	
  3.4

  	
  Requirements Concerning Distributions

  	
  11

  
	
  3.5

  	
  Retirement Date

  	
  17

  
	
  SECTION 4

  	
  RETIREMENT BENEFITS

  	
  18

  
	
  4.1

  	
  Accrued Benefit.

  	
  18

  
	
  4.2

  	
  Regular Retirement Benefit.

  	
  19

  
	
  4.3

  	
  Early Retirement Benefit.

  	
  19

  
	
  4.4

  	
  Deferred Retirement Benefit

  	
  20

  
	
  4.5

  	
  Reemployment After Retirement.

  	
  20

  
	
  4.6

  	
  Suspension of Payments

  	
  21

  
	
  4.7

  	
  Benefits for Former Participants

  	
  21

  
	
  SECTION 5

  	
  FORMS OF PAYMENT

  	
  22

  
	
  5.1

  	
  Forms of Payment

  	
  22

  
	
  5.2

  	
  Automatic Form of Benefit

  	
  23

  
	
  5.3

  	
  Limitation on Joint Annuitant.

  	
  24

  
	
  5.4

  	
  Explanation of Forms of Payment

  	
  24

  
	
  5.5

  	
  Retroactive Annuity Starting Dates.

  	
  25

  
	
  5.6

  	
  Small Benefits and Repayment of Benefit

  	
  25

  
	
  5.7

  	
  Direct Rollovers.

  	
  26

  
	
  SECTION 6

  	
  DEATH AND DISABILITY BENEFITS

  	
  27

  
	
  6.1

  	
  Spouse’s Death Benefit

  	
  27

  
	
  6.2

  	
  Disability Benefits

  	
  28

  
	
  SECTION 7

  	
  VESTING

  	
  29

  
	
  7.1

  	
  Vesting

  	
  29

  
	
  7.2

  	
  Deferred Vested Benefit

  	
  29

  
	
  7.3

  	
  Forfeitures

  	
  30

  
	
  SECTION 8

  	
  LIMITATIONS ON BENEFITS

  	
  31

  
	
  8.1

  	
  Limitations re Highly Compensated Employees

  	
  31

  
	
  8.2

  	
  Maximum Annual Benefit Payable Under the Plan

  	
  32

  
	
  SECTION 9

  	
  TOP HEAVY PROVISIONS

  	
  35

  
	
  9.1

  	
  Scope

  	
  35

  
	
  9.2

  	
  Top Heavy Status

  	
  35

  
	
  9.3

  	
  Minimum Benefit

  	
  38

  
	
  9.4

  	
  Vesting

  	
  39

  
	
  SECTION 10

  	
  ADMINISTRATION OF THE PLAN

  	
  41

  
	
  10.1

  	
  Plan Administrator

  	
  41

  
	
  10.2

  	
  Organization and Procedures

  	
  41

  
	
  10.3

  	
  Duties and Authority

  	
  41

  
	
  10.4

  	
  Expenses and Assistance

  	
  42

  

 

 ii
 

 

	
  10.5

  	
  Claims Procedure

  	
  42

  
	
  10.6

  	
  Appeal Procedure

  	
  43

  
	
  10.7

  	
  Arbitration

  	
  45

  
	
  10.8

  	
  Plan Administration - Miscellaneous

  	
  45

  
	
  10.9

  	
  Qualified Domestic Relations Orders

  	
  47

  
	
  10.10

  	
  Plan Qualification

  	
  48

  
	
  10.11

  	
  Deductible Contribution

  	
  49

  
	
  10.12

  	
  Action by VWR

  	
  49

  
	
  SECTION 11

  	
  AMENDMENT AND TERMINATION

  	
  50

  
	
  11.1

  	
  Amendment - General

  	
  50

  
	
  11.2

  	
  Amendment - Consolidation or Merger

  	
  50

  
	
  11.3

  	
  Termination of the Plan

  	
  50

  
	
  11.4

  	
  Allocation of the Fund on Termination of Plan

  	
  50

  
	
  SECTION 12

  	
  FUNDING

  	
  52

  
	
  12.1

  	
  Contributions to the Fund

  	
  52

  
	
  12.2

  	
  Fund for Exclusive Benefit of Participants and
  Beneficiaries

  	
  52

  
	
  12.3

  	
  Disposition of Credits and Forfeitures

  	
  52

  
	
  12.4

  	
  Funding Agent

  	
  52

  
	
  12.5

  	
  Investment Manager

  	
  52

  
	
  SECTION 13

  	
  FIDUCIARIES

  	
  53

  
	
  13.1

  	
  Limitation of Liability of the Employer and Others

  	
  53

  
	
  13.2

  	
  Indemnification of Fiduciaries

  	
  53

  
	
  13.3

  	
  Scope of Indemnification

  	
  53

  

 

	
  APPENDIX A — FORMER VAN WATERS & ROGERS
  PROFIT SHARING

  	
   

  
	
  PLAN PARTICIPANTS

  	
  A-1

  
	
   

  	
   

  
	
  APPENDIX B — FORMER PARTICIPANTS OF UNION PLANS

  	
  B-1

  
	
   

  	
   

  
	
  APPENDIX C — EMPLOYEES TRANSFERRED IN SPINOFF

  	
   

  
	
  FROM UNIVAR CORPORATION

  	
  C-1

  
	
   

  	
   

  
	
  APPENDIX D — FORMER EMPLOYEES OF ACQUIRED COMPANIES

  	
  D-1

  
	
   

  	
   

  
	
  APPENDIX E — TRANSFER OF EMPLOYEES BETWEEN VWR
  SCIENTIFIC PRODUCTS

  	
   

  
	
  CORPORATION AND
  MOMENTUM DISTRIBUTION INC. PRIOR TO

  	
   

  
	
  APRIL 1, 1992

  	
  E-1

  
	
   

  	
   

  
	
  APPENDIX F — FORMER EMPLOYEES OF BAXTER
  INTERNATIONAL, INC.

  	
  F-1

  
	
   

  	
   

  
	
  APPENDIX G — FORMER PARTICIPANTS IN SCIENCE KIT,
  INC. RETIREMENT PLAN

  	
  G-1

  

 

 iii
 

 

	
  APPENDIX H — FORMER
  PARTICIPANTS IN WARD’S NATURAL SCIENCE ESTABLISHMENT, INC. RETIREMENT PLAN

  	
  H-1

  
	
   

  	
   

  
	
  APPENDIX I — FORMER EMPLOYEES OF MERCK AND
  SUBSIDIARIES

  	
  I-1

  

 

 iv

PREAMBLE

THIS VWR INTERNATIONAL, INC. RETIREMENT PLAN
(hereinafter referred to as the “Plan”) was adopted effective March 1, 1986, by
VWR International, Inc., and is amended and restated effective June 1,
2005.

WHEREAS, the Plan shall be maintained for the
exclusive benefit of covered employees and their beneficiaries, and is intended
to comply with the Internal Revenue Code of 1986, as amended, the Employee
Retirement Income Security Act of 1974, as amended, and other applicable laws;

NOW, THEREFORE, effective June 1, 2005, VWR does
hereby adopt the amended and restated Plan as set forth in the following pages.

SECTION 1

DEFINITIONS

The following terms when used herein shall have the
following meanings, unless a different meaning is plainly required by the
context.

1.1           Accrued Benefit means, on any
date, the benefit determined under the formula specified in Section 4.1 as of
the earlier of such date or the Participant’s Freeze Date.

1.2           Actuarially Equivalent and
terms of similar import (for purposes other than determining contributions to
the Fund) mean, except as otherwise specifically provided, that the present
value of two payments or series of payments shall be of equal value when
computed at a 7% rate of interest and on the basis of the UP-1984 Mortality
Table with ages set back 1-1/2 years.

1.3           Annuity Starting Date means:

(a)           The
first day of the first period for which an amount is paid as an annuity; or

(b)           In
the case of a benefit not payable in the form of an annuity, the first day on
which all events have occurred which entitle the Participant to such benefit.

1.4           Applicable Interest Rate means
the annual rate of interest on 30-year Treasury securities, as specified by the
Commissioner of Internal Revenue for the second calendar month preceding the
beginning of the Plan Year which includes the Annuity Starting Date.

1.5           Applicable Mortality Table
means, under section 417(e)(3) of the Code, the table described in Rev. Rul.
2001-62, or any successor table prescribed by the Commissioner of Internal Revenue
in revenue rulings, notices, or other published guidance.

1.6           Beneficiary means the person
or persons designated to be the Beneficiary by the Participant in writing to
the Committee.  In the event a
Participant who has a Spouse designates someone other than his or her Spouse as
Beneficiary, such designation shall be invalid unless the Spouse consents in a
writing which is notarized or witnessed by a Plan representative. If no
designated Beneficiary survives the Participant, the benefits shall be paid to
the Participant’s estate.

1.7           Code means the Internal
Revenue Code of 1986, as amended and including all regulations promulgated
pursuant thereto.

 2
 

1.8           Committee means the Benefit
and Retirement Plan Committee as from time to time constituted and appointed by
VWR to administer the Plan.

1.9           Credited Service means years
and months of employment during a Period of Service, but shall not include any
part of a Period of Service after a Participant’s Freeze Date.  Credited Service shall also include years and
months of employment with certain predecessor employers as described in
Appendices to this Plan.  Notwithstanding
the foregoing, effective January 30, 2001, for benefit accrual purposes,
Credited Service shall not include service as an Expatriate.

1.10         Disabled means a physical or
mental condition of a person which qualifies him or her to receive benefits
from an Employer’s disability plan designed to benefit totally and permanently
disabled employees, or which would qualify such person to receive benefits if
he or she were covered by such disability plan.

1.11         Earnings means an employee’s
salary or wages for the calendar year. 
Earnings shall include bonuses, commis­sions, overtime, severance
payments, and salary reduction contributions made by an employee to a benefit
plan, but shall not include such items as reimbursement of moving expenses, car
allowances, club dues, income attributable to life insurance, or any other
nonsalary items.  If an employee elects
to receive severance payments in a single lump sum in lieu of monthly
installments, such payments shall be treated for purposes of this Plan as if
they had been made in equal monthly installments over the period of time
provided by the Employer’s severance pay plan. 
Notwithstanding the foregoing, no Earnings after a Participant’s Freeze
Date shall be taken into account for any purpose under the Plan.

With respect to benefits accruing after December 31,
1993, but prior to January 1, 2002, Earnings shall not include the amount of
any annual Earnings received by a Participant in excess of $150,000, as
adjusted by the Commissioner of Internal Reve­nue for increases in the cost of
living in accordance with section 401(a)(17)(B) of the Code, as amended by the
Omnibus Budget Reconciliation Act of 1993. 
With respect to benefits accruing after December 31, 2001, Earnings
shall not include the amount of any annual Earnings received by a Participant
in excess of $200,000, as adjusted for increases in the cost of living in
accordance with section 401(a)(17)(B) of the Code.  The cost-of-living adjustment in effect for a
calendar year applies to any period, not exceed­ing twelve months, over which
Earnin­gs are determined (the “deter­mination period”) beginning in such
calendar year.  To the extent required
under section 401(a)(17) of the Code and regulations promulgated thereunder, if
a determination period consists of fewer than twelve months, the limit shall be
multi­plied by a fraction, the numerator of which is the number of months in
the determina­tion period, and the denom­inator of which is twelve.

If Earnings for any prior determination period are
taken into account in determining a Participant’s bene­fits accruing in any
Plan Year beginning after December 31, 1993, but prior to January 1, 2002, the
Earnings for such prior determination period are subject to the limit in effect
for such prior determination period.  For
this purpose, for determination periods beginning before January 1, 1994, the
annual limit is $150,000.

 3
 

In determining benefit accruals in Plan Years
beginning after December 31, 2001, the annual limit for determination periods
beginning prior to January 1, 2002, shall be $200,000.

1.12         Eligible Employee means any
person employed by the Employer as a common law employee provided he or she is
not:

(a)           An
employee covered by a collective bargaining agreement resulting from
negotiations in which retirement benefits were the subject of good faith
bargaining, unless there is an agreement that this Plan shall cover employees
within the bargaining unit;

(b)           A
Temporary Employee;

(c)           An
Expatriate;

(d)           An
individual who provides services to the Employer pursuant to an agreement
between the Employer and a leasing organization (including, but not limited to,
a Leased Employee); or

(e)           Any
other individual who is classified by the Employer as an independent contractor
or in any other category which is not a common law employee, as reflected in
the official payroll and personnel records of the Employer.  The exclusion set forth in this paragraph (e)
shall be based solely on the Employer’s classification, regardless of how such
individual is classified by any governmental or regulatory authority, or by any
court.  If the Employer reclassifies an
individual as an employee, such reclassification shall apply prospectively from
the date of such reclassification (and not retroactively to the date on which
he or she was found to have first become an employee for any other purpose),
unless the Employer specifically provides otherwise.

1.13         Employer means VWR and any affiliate
of VWR which adopts the Plan with the approval of VWR.  For purposes of applying to this Plan
sections 401, 410, 411, and 415 of the Code which relate to qualified
retirement plans generally, minimum participation and vesting standards, and
limitations on benefits and contributions under qualified retirement plans, all
employees of businesses under common control shall be considered to be employed
by a single employer.  In determining
whether businesses are under common control, the rules of section 414(b), (c),
(m), and (o) of the Code shall apply; provided that, for purposes of applying
section 414(b) and (c) of the Code to the limitations on benefits set forth in
Section 8.2, the phrase “more than 50 percent” shall be substituted for the
phrase “at least 80 percent” each place it appears in section 1563(a)(1) of the
Code.

1.14         Employment Commencement Date
means the date on which an Eligible Employee first completes an Hour of Service
for the Employer during the current period of employment.

 4
 

1.15         ERISA means the Employee
Retirement Income Security Act of 1974, as amended.

1.16         Expatriate means any person who
transfers to employment with the Employer from employment with a Foreign
Affiliate and who continues to accrue retirement benefits under a plan maintained
by or contributed to by such Foreign Affiliate. 
A person shall cease to be an Expatriate on the day following the last
day of the period for which he or she accrues a benefit under the plan
maintained by or contributed to by the Foreign Affiliate.

1.17         Final Average Monthly Earnings
means 1/60 of the total Earnings received by the Participant in the five
consecutive calendar year period during which such total Earnings are the
highest.  If a Participant who was
credited with Periods of Service and/or Credited Service under Section 6.2 as a
Disabled employee received Earnings before and after the Disability period, the
Disability period shall be disregarded in computing consecutive calendar years
so that Earnings received immediately before and after the Disability period
shall be deemed to have been paid in consecutive periods.  If a Participant becomes entitled to a
benefit under the Plan before he or she has received Earnings for a period of
five consecutive calendar years, such Participant’s Final Average Monthly
Earnings shall be determined by dividing the total Earnings the Participant has
received during the full and partial calendar years of his or her employment by
the number of months during which such Earnings were received.  The Final Average Monthly Earnings of a
Participant who has had a Termination shall be determined by taking into
account any severance payments to which the Participant is entitled, whether or
not the Participant has yet received such payments.

Notwithstanding the foregoing, on and after a
Participant’s Freeze Date, the Participant’s Final Average Monthly Earnings
shall equal his or her Final Average Monthly Earnings determined as of such
Freeze Date.

1.18         Final Average Accrued Benefit
means a Partici­pant’s Accrued Benefit as determined under Section 4.1(b).

1.19         Foreign Affiliate means Merck
KGaA, Darmstadt, Germany (“Merck”), or any entity which is a direct or indirect
subsidiary of Merck and which is not an American employer (as defined in
section 3121(h) of the Code).

1.20         Freeze Date means May 31, 2005;
provided that in the case of a Grandfathered Participant, “Freeze Date” shall
mean May 31, 2008, or, if earlier, the Grandfathered Participant’s date of
Termination.

1.21         Frozen Final Average Accrued Benefit
means a Participant’s Final Average Accrued Benefit as of December 31,
1993, frozen in accordance with Treas. Reg. §1.401(a)(4)-13, multiplied by a
fraction (not less than one), the numerator of which is the Participant’s Final
Average Monthly Earnings as of the date of determination, and the denominator
of which is the Partici­pant’s Final Average Monthly Earnings as of
December 31, 1993, under the provisions of the Plan in effect on such
date.

 5
 

1.22         Fund means the fund or funds
into which shall be paid all contributions and from which all benefits shall be
paid under this Plan.  It shall include,
without limitation, any annuity contract, trust fund, and/or assets managed by
an Investment Manager.

1.23         Funding Agent means the trustee
or insurance company who receives, holds, invests, and disburses the assets of
the Fund in accordance with the terms and provisions set forth in a trust
agreement or an annuity contract.

1.24         Grandfathered Participant means
a Participant who is an Eligible Employee as of June 1, 2005, who has at least
a ten-year Period of Service as of such date, and the sum of whose age and
Period of Service as of such date (in years and completed months) is at least
65.

1.25         Hour of Service means each hour
for which an employee is paid or entitled to payment for the performance of
duties for the Employer.

1.26         Investment Manager means any
fiduciary (other than the Funding Agent) who:

(a)           Has the power to manage, acquire, or
dispose of any asset of the Plan;

(b)           Is either:

(i)            Registered as an “investment adviser”
under the Investment Advisers Act of 1940; or, if not so registered by reason
of paragraph (1) of section 203A(a) of such Act, is registered as an investment
adviser under the laws of the state referred to in such paragraph (1) in which
it maintains its principal office and place of business; or

(ii)           A bank; or

(iii)          An insurance company qualified under
the laws of more than one state to perform the services described in paragraph
(a) above; and

(c)           Has
acknowledged in writing that he or she is a fiduciary with respect to the Plan.

1.27         Leased Employee means any person
who is not an employee of the Employer and who provides services to the
Employer if (i) such services are provided pursuant to an agreement between the
Employer and any other person (a “leasing organization”), (ii) such person has
performed such services for the Employer (or for the Employer and related
persons) on a substantially full-time basis for a period of at least one year,
and (iii) such services are performed under the primary direction or control of
the Employer.  Notwithstanding the 

 6
 

foregoing, if all such leased employees constitute
less than 20% of the nonhighly compensated work force (within the meaning of
section 414(n)(5)(C)(ii) of the Code) of the Employer, the term “Leased
Employee” shall not include any leased employee covered by a plan maintained by
the employer of the leased employee and described in section 414(n)(5) of the
Code.

1.28         Participant means any Eligible
Employee who qualifies for participation under Section 2.  A nonvested Participant shall cease to be a
Participant on the date he or she Terminates. 
A vested Participant shall cease to be a Participant when his or her
benefit payments are completed.

1.29         PBGC means the Pension Benefit
Guaranty Corporation.

1.30         Period of Service means the
period of time commencing with the Employment Commencement Date and ending on
the Severance From Service Date. 
Nonsuccessive periods are aggregated to determine the employee’s total
Period of Service.  For vesting and eligibility
purposes, and for purposes of determining whether a Participant is a
Grandfathered Participant, an employee’s Period of Service shall also include
the following:

(a)           Periods not in Service due to
Temporary Termination; and

(b)           Periods of Service required by
section 414(a)(1) of the Code or under Treasury Regulations issued pursuant to
section 414(a)(2) of the Code, and Service with any employer which is a member
of a controlled group of corporations (within the meaning of section 414(b) of
the Code) which includes the Employer, with any trade or business under common
control (within the meaning of section 414(c) of the Code) with the Employer,
with any employer which is a member of an affiliated service group (within the
meaning of section 414(m) of the Code) with the Employer, or with any other
employer required to be aggregated with the Employer under section 414(o) of
the Code.  Also, Periods of Service shall
include service required under section 414(n) of the Code relating to employees
leased to the Employer or to an employer which is aggregated under section
414(b), (c), (m), or (o) of the Code.

A
Participant’s Period of Service may include periods after his or her Freeze
Date.

1.31         Plan means the “VWR
International, Inc. Retirement Plan” set forth in this document, as from time
to time amended.

1.32         Plan Administrator means the
person or entity designated in Section 10 to administer the Plan.

1.33         Plan Year means the twelve-month
period commencing each January 1 and ending each December 31.

1.34         Qualified Domestic Relations Order
means a qualified domestic relations order as defined in section 414(p) of the
Code.

 7
 

1.35         Section 401(a)(17) Participant
means a Participant whose Accrued Benefit as of any date on or after
January 1, 1994, is based on Earnings for a Plan Year beginning prior to
January 1, 1994, that exceeded $150,000.

1.36         Service means periods for which
an employee is paid or entitled to payment for the performance of duties for
the Employer.

1.37         Severance From Service Date
means the date on which an employee quits, retires, is discharged, or dies.

1.38         Spouse means the person to whom
a Participant is married for purposes of Federal law.

1.39         Temporary Termination means a
Termination after which the employee is subsequently rehired and in Service
within one year of the Severance From Service Date.

1.40         Temporary Employee means any
individual who is (i) employed by the Employer for a temporary period or
without a regular work schedule, and (ii) classified by the Employer as
temporary.

1.41         Terminated (or Termination)
means no longer in Service or employed as an employee with the Employer because
the employee has quit, retired, been discharged, or died, or has sustained a
one-year period of absence for any other reason.

1.42         VWR means VWR International,
Inc., a Delaware corporation.

 8
 

SECTION 2

PARTICIPATION

2.1           Eligibility
for Participation.

No person shall become a Participant under this Plan
on or after June 1, 2005.  Prior to June
1, 2005, an Eligible Employee became a Participant upon completing one year of
Credited Service.

2.2           Reemployment
After a Termination.

No person who is rehired on or after June 1, 2005,
shall commence or resume participation in the Plan.  Prior to June 1, 2005, a Terminated former
Participant who was reemployed as an Eligible Employee became a Participant
immediately upon such reemployment.

2.3           Special
Rules for Certain Participants.

Special rules relating to vesting and benefit
computation apply to certain Participants. 
The special rules are set out in appendices to this Plan as follows:

(a)           Former Van Waters & Rogers Profit
Sharing Plan Participants, Appendix A.

(b)           Former Participants of Union Plans,
Appendix B.

(c)           Employees Transferred in Spinoff from
Univar Corporation, Appendix C.

(d)           Former Employees of Acquired
Companies, Appendix D.

(e)           Transfer of Employees between VWR
Scientific Products Corporation and Momentum Distribution Inc. prior to April
1, 1992, Appendix E.

(f)            Former Employees of Baxter
International, Inc., Appendix F.

(g)           Former Participants in Science Kit,
Inc. Retirement Plan, Appendix G.

(h)           Former Participants in Ward’s Natural
Science Establishment, Inc. Retirement Plan, Appendix H.

(i)            Former Employees of Merck and
Subsidiaries, Appendix I.

 9

SECTION 3

RETIREMENT DATES

3.1           Regular
Retirement Date.

The Regular Retirement Date for a Participant shall be
the first day of the month on which the Participant is eligible to receive his
or her full Social Security benefit. 
Under the Social Security Act, the date on which a Participant is
eligible to receive full Social Security benefits is determined in accordance
with the following table:

	
  If Participant was

  born in

  	
   

  	
  If
  Participant will

  be age 62 in

  	
   

  	
  Participant’s
  Age

  for full benefits is

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  1937 or earlier

  	
   

  	
  1999 or earlier

  	
   

  	
  65 yrs

  
	
  1938

  	
   

  	
  2000

  	
   

  	
  65 yrs, 2 mos

  
	
  1939

  	
   

  	
  2001

  	
   

  	
  65 yrs, 4 mos

  
	
  1940

  	
   

  	
  2002

  	
   

  	
  65 yrs, 6 mos

  
	
  1941

  	
   

  	
  2003

  	
   

  	
  65 yrs, 8 mos

  
	
  1942

  	
   

  	
  2004

  	
   

  	
  65 yrs, 10 mos

  
	
  1943-1954

  	
   

  	
  2005-2016

  	
   

  	
  66 yrs

  
	
  1955

  	
   

  	
  2017

  	
   

  	
  66 yrs, 2 mos

  
	
  1956

  	
   

  	
  2018

  	
   

  	
  66 yrs, 4 mos

  
	
  1957

  	
   

  	
  2019

  	
   

  	
  66 yrs, 6 mos

  
	
  1958

  	
   

  	
  2020

  	
   

  	
  66 yrs, 8 mos

  
	
  1959

  	
   

  	
  2021

  	
   

  	
  66 yrs, 10 mos

  
	
  1960 or later

  	
   

  	
  2022 or later

  	
   

  	
  67 yrs

  

 

A
Participant who Terminates prior to his or her Regular Retirement Date with a
vested Accrued Benefit shall commence receiving his or her benefit at Regular
Retirement Date, unless such Participant qualifies for and elects to receive
benefits at Early Retirement Date.

If a Participant continues working after the Regular
Retirement Date specified above, but works less than eight days during a
calendar month, or during a four- or five-week payroll period ending in a
calendar month, such Participant shall be considered retired and shall receive
benefit payments.  If a Participant
performs only one Hour of Service in a day, that day shall be counted as one of
the eight days.

3.2           Early
Retirement Date.

Each Participant
who attains age 55 and completes a 15-year Period of Service may elect, in
writing, an Early Retirement Date.  Such
Early Retirement Date shall be before the Regular Retirement Date and after
Termination on the first day of any month coinciding with or following the date
the early retirement requirements are met.

 10
 

3.3           Deferred Retirement Date.

The Deferred
Retirement Date for a Participant who continues working after the Regular
Retirement Date shall be the earliest of:

(a)           The
first day of the month coinciding with or next following his or her Termination
date;

(b)           The
date distributions to the Participant are required to commence under Section
3.4; or

(c)           If
the Participant so elects, April 1 of the calendar year following the year in
which the Participant reaches age 70-1/2.

3.4           Requirements
Concerning Distributions.

(a)           General Rules.

(i)            Precedence.  The requirements of this Section 3.4 shall
take precedence over any inconsistent provisions of the Plan.  However, except as otherwise specifically
provided herein, this Section 3.4 shall not give any Participant or Beneficiary
the right to receive a benefit at any time or in any form not otherwise
available under the Plan.

(ii)           Requirements
of Treasury Regulations Incorporated. 
All distributions required under this Section 3.4 shall be determined
and made in accordance with the Treasury regulations under section 401(a)(9) of
the Code.

(iii)          TEFRA
Section 242(b)(2) Elections. 
Notwithstanding the other provisions of this Section 3.4, other than
subparagraph (ii) above, 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.

(i)            Required
Beginning Date.  The Participant’s
entire interest shall be distributed, or begin to be distributed, to the
Participant no later than the Participant’s Required Beginning Date.

(ii)           Death
of Participant before Distributions Begin. 
If the Participant dies before distributions begin, the Participant’s
entire interest shall be distributed, or begin to be distributed, no later than
as follows:

 11
 

(A)          If
the Participant’s surviving Spouse is the Participant’s sole Designated
Beneficiary, then distributions to the surviving Spouse shall begin by December
31 of the calendar year immediately following the calendar year in which the
Participant died, or by December 31 of the calendar year in which the
Participant would have attained age 70-1/2, if later.

(B)           If
the Participant’s surviving Spouse is not the Participant’s sole Designated
Beneficiary, distributions to the Designated Beneficiary shall begin by
December 31 of the calendar year immediately following the calendar year in
which the Participant died.

(C)           If
there is no Designated Beneficiary as of September 30 of the year following the
year of the Participant’s death, the Participant’s entire interest shall be
distributed by December 31 of the calendar year containing the fifth
anniversary of the Participant’s death.

(D)          If
the Participant’s surviving Spouse is the Participant’s sole Designated
Beneficiary and the surviving Spouse dies after the Participant but before
distributions to the surviving Spouse begin, this subparagraph (ii), other than
subparagraph (ii)(A) above, shall apply as if the surviving Spouse were the
Participant.

For purposes of this subparagraph (ii) and paragraph (e) below,
distributions are considered to begin on the Participant’s Required Beginning
Date (or, if subparagraph (ii)(D) applies, the date distributions are required
to begin to the surviving Spouse under subparagraph (ii)(A)).  If annuity payments irrevocably commence to
the Participant before the Participant’s Required Beginning Date (or to the
Participant’s surviving Spouse before the date distributions are required to
begin to the surviving Spouse under subparagraph (ii)(A)), the date
distributions are considered to begin is the date distributions actually
commence.

(iii)          Form
of Distribution.  Unless the
Participant’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 shall be made
in accordance with paragraphs (c), (d), (e), and (f) below.  If the Participant’s interest is distributed
in the form of an annuity purchased from an insurance company, distributions
thereunder shall be made in accordance with the requirements of section
401(a)(9) of the Code and the Treasury regulations thereunder.  Any part of the Participant’s interest which
is in the form of an individual account described in section 414(k) of the Code
shall be distributed in a manner satisfying the requirements of section
401(a)(9) of the Code and the Treasury regulations that apply to individual
accounts.

 12
 

(c)           Determination of Amount To Be
Distributed Each Year.

(i)            General
Annuity Requirements.  If the
Participant’s interest is paid in the form of annuity distributions under the
Plan, payments under the annuity shall satisfy the following requirements:

(A)          The
annuity distributions shall be paid in periodic payments made at intervals not
longer than one year;

(B)           The
distribution period shall be over a life (or lives) or over a period certain
not longer than the period described in paragraph (d) or (e) below;

(C)           Once
payments have begun over a period certain, the period certain shall not be
changed, even if the period certain is shorter than the maximum permitted;

(D)          Payments
shall either be nonincreasing or increase only as follows:

(1)           With
an annual percentage increase that does not exceed the annual percentage increase
in an eligible cost-of-living index (within the meaning of Treas. Reg.
§1.401(a)(9)-6, Q&A-14) for a twelve-month period ending in the year during
which the increase occurs or the prior year;

(2)           With
a percentage increase that occurs at specified times (e.g., at specified ages)
and does not exceed the cumulative total of annual percentage increases in an
eligible cost-of-living index since the Annuity Starting Date or, if later, the
date of the most recent percentage increase (provided that no actuarial
increase shall be provided to reflect the fact that increases were not provided
in interim years);

(3)           To
the extent of the reduction in the amount of the Participant’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 paragraph
(d) below dies or is no longer the Participant’s Beneficiary pursuant to a
Qualified Domestic Relations Order;

(4)           To
pay increased benefits that result from a Plan amendment;

 13
 

(5)           To
allow a Beneficiary to convert the survivor portion of a joint and survivor
annuity into a single-sum distribution upon the Participant’s death; or

(6)           To
the extent increases are permitted in accordance with Treas. Reg.
§1.401(a)(9)-6, Q&A-14(c) or (d).

(ii)           Amount
Required To Be Distributed by Required Beginning Date.  The amount that must be distributed on or
before the Participant’s Required Beginning Date (or, if the Participant dies
before distributions begin, the date distributions are required to begin under
paragraph (b)(ii)(A) or (B) above) 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, semiannually, or annually. 
All of the Participant’s benefit accruals as of the last day of the
first Distribution Calendar Year shall be included in the calculation of the
amount of the annuity payments for payment intervals ending on or after the
Participant’s Required Beginning Date.

(iii)          Additional
Accruals after First Distribution Calendar Year.  Any additional benefits accruing to the
Participant in a calendar year after the first Distribution Calendar Year shall
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 Participant’s Lifetime.

(i)            Joint
Life Annuities Where the Beneficiary Is Not the Participant’s Spouse.  If the Participant’s interest is being
distributed in the form of a joint and survivor annuity for the joint lives of
the Participant and a non-Spouse Beneficiary, annuity payments to be made on or
after the Participant’s Required Beginning Date to the Designated Beneficiary
after the Participant’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 Participant using the table set forth in Treas. Reg. §1.401(a)(9)-6,
Q&A-2.  If the form of distribution
combines a joint and survivor annuity for the joint lives of the participant
and a non-Spouse beneficiary and a period certain annuity, the requirement in
the preceding sentence shall apply to annuity payments to be made to the
Designated Beneficiary after the expiration of the period certain.

(ii)           Period
Certain Annuities.  Unless the
Participant’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 

 14
 

during the Participant’s lifetime may not exceed the applicable
distribution period for the Participant under the Uniform Lifetime Table set
forth in Treas. Reg. §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 Participant reaches age 70, the
applicable distribution period for the Participant is the distribution period
for age 70 under the Uniform Lifetime Table set forth in Treas. Reg.
§1.401(a)(9)-9 plus the excess of 70 over the age of the Participant as of the
Participant’s birthday in the year that contains the Annuity Starting
Date.  If the Participant’s Spouse is the
Participant’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 Participant’s applicable distribution period, as determined under
this subparagraph (ii), or the joint life and last survivor expectancy of the
Participant and the Participant’s Spouse as determined under the Joint and Last
Survivor Table set forth in Treas. Reg. §1.401(a)(9)-9, using the Participant’s
and Spouse’s attained ages as of the Participant’s and Spouse’s birthdays in
the calendar year that contains the Annuity Starting Date.

(e)           Requirements for Minimum
Distributions Where Participant Dies before Date Distributions Begin.

(i)            Participant
Survived by Designated Beneficiary. 
If the Participant dies before the date distribution of his or her
interest begins and there is a Designated Beneficiary, the Participant’s entire
interest shall be distributed, beginning no later than the time described in
paragraph (b)(ii)(A) or (B) above, over the life of the Designated Beneficiary
or over a period certain not exceeding:

(A)          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 Participant’s death; or

(B)           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.

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

(iii)          Death
of Surviving Spouse before Distributions to Surviving Spouse Begin.  If the Participant dies before the date
distribution of his 

 15
 

or her interest begins, the Participant’s surviving Spouse is the
Participant’s sole Designated Beneficiary, and the surviving Spouse dies before
distributions to the surviving Spouse begin, this paragraph (e) shall apply as
if the surviving Spouse were the Participant, except that the time by which
distributions must begin shall be determined without regard to paragraph
(b)(ii)(A) above.

(f)            Changes
in Annuity Payment Period.  If a
stream of annuity payments otherwise satisfies this Section 3.4, the annuity
payment period may be changed, and the annuity payments may be modified in
association with that change, provided that the following requirements are
satisfied:

(i)            One
of the following applies:

(A)          The
change occurs at the time that the Participant retires or in connection with a
Plan termination;

(B)           The
annuity payments prior to change are annuity payments paid over a period
certain without life contingencies; or

(C)           The
annuity payments after the change are paid under a qualified joint and survivor
annuity over the joint lives of the Participant and a Designated Beneficiary,
the Participant’s Spouse is the sole Designated Beneficiary, and the change
occurs in connection with the Participant’s marriage to such Spouse;

(ii)           The
future payments under the modified stream satisfy the requirements of this Section
3.4 (determined by treating the date of the change as a new Annuity Starting
Date and the actuarial equivalent present value of the remaining payments prior
to the change as the entire interest of the Participant);

(iii)          For
purposes of sections 415 and 417 of the Code, the date of the change is treated
as a new Annuity Starting Date;

(iv)          After
taking into account the change, the annuity stream satisfies section 415 of the
Code (determined at the original Annuity Starting Date, using the interest rates
and mortality tables applicable at such date); and

(v)           The
end point of the period certain, if any, for any modified payment is not later
than the end point that was available under this Section 3.4 at the original
Annuity Starting Date.

(g)           Definitions.  For purposes of this Section 3.4, the
following definitions shall apply:

 16
 

(i)            “Designated
Beneficiary” shall mean the individual who is designated as the Beneficiary
under Section 1.6 and is the “designated beneficiary” under section 401(a)(9)
of the Code and Treas. Reg. §1.401(a)(9)-1, Q&A-4.

(ii)           “Distribution
Calendar Year” shall mean a calendar year for which a minimum distribution
is required.  For distributions beginning
before the Participant’s death, the first Distribution Calendar Year is the calendar
year immediately preceding the calendar year which contains the Participant’s
Required Beginning Date.  For
distributions beginning after the Participant’s death, the first Distribution
Calendar Year is the calendar year in which distributions are required to begin
pursuant to paragraph (b)(ii) above.

(iii)          “Life
Expectancy” shall mean life expectancy as computed by the use of the Single
Life Table in Treas. Reg. §1.401(a)(9)-9.

(iv)          “Required
Beginning Date” shall mean:

(A)          In
the case of a Participant who reached age 70-1/2 prior to January 1, 1999, or
who is a 5% owner (within the meaning of section 401(a)(9)(C)(ii) of the Code),
April 1 of the calendar year following the year in which the Participant
reaches age 70-1/2; and

(B)           In
the case of a Participant who is not a 5% owner and who reaches age 70-1/2 on
or after January 1, 1999, April 1 of the calendar year following the later of
the year in which the Participant retires or the year in which the Participant
reaches age 70-1/2.

3.5           Retirement
Date.

The
Retirement Date for a Participant shall be the date specified in Section 3.1,
3.2, or 3.3.  The Retirement Date is the
Annuity Starting Date.

 17
 

SECTION 4

RETIREMENT
BENEFITS

4.1           Accrued Benefit.

The Accrued Benefit, in the form of a monthly benefit
payable as a single life annuity, for any Participant shall equal the greatest
of:

(a)           $20
multiplied by his or her Credited Service;

(b)           The
Participant’s Credited Service, up to a maximum of 33 years, multiplied by:

(i)            1% of Final Average Monthly Earnings;
plus

(ii)           3/4 of 1% of Final Average Monthly
Earnings in excess of the integration level. 
For the purposes of this Section 4.1, the integration level is 1/36 of
the Social Security maximum taxable wage base, as defined under Section 230 of
the Social Security Act, in the year as of which the Accrued Benefit is
determined (which shall be not later than the Participant’s date of Termination
or, if earlier, the Participant’s Freeze Date), provided that the 1/36 Social
Security maximum taxable wage base shall not exceed 1/12 of covered
compensation as defined under section 401(l) of the Code and regulations
thereunder; or

(c)           The greatest early retirement benefit
the Participant would have been entitled to receive under Section 4.3 if he or
she had retired and commenced receiving a reduced monthly pension at any time
before his or her Regular Retirement Date.

Notwithstanding the foregoing, a Participant’s Accrued
Benefit shall not be less than his or her Accrued Benefit would have been on
February 28, 1989, if the Accrued Benefit had been calculated on that date
using the benefit formula in effect on December 31, 1988.

The Final Average Accrued Benefit of a Section
401(a)(17) Participant who is eligible to receive retirement income under the
Plan shall be a monthly income equal to the greater of (1) or (2) below, where:

(1)                                  Is
the sum of (A) and (B) below,

(A)                              The
Participant’s Frozen Final Average Accrued Benefit; plus

(B)                                The
Participant’s Final Average Accrued Bene­fit determined under paragraph (b)
above, based upon the Participant’s Final Average 

 18
 

Monthly Earnings
and Credited Service as of the date of determination, but disregarding Credited
Service prior to January 1, 1994 (except for purposes of the 33-year limit
under paragraph (b) above);

and

(2)                                  Is
the Participant’s Final Average Accrued Benefit determined under paragraph (b)
above, counting all Cred­ited Service, up to a maximum of 33 years, and using
the maximum compensation limits in effect under section 401(a)(17) of the Code
on and after January 1, 1994, in determining a Participant’s Final Average
Monthly Earnings.

It is intended that the foregoing provisions comply
with the requirements of Treas. Reg. §1.401(a)(4)-13 and §1.401(a)(17)-1
regarding the fresh-start with extended wear-away of Section 401(a)(17)
Participants.

4.2           Regular
Retirement Benefit.

A Participant’s
monthly Regular Retirement Benefit shall equal his or her vested Accrued
Benefit as of the date of Termination (or the Participant’s Freeze Date, if
earlier) Actuarially adjusted for form of payment and any prior distributions.

4.3           Early
Retirement Benefit.

A Participant’s
Early Retirement Benefit shall equal his or her vested Accrued Benefit as of
the date of Termination (or the Participant’s Freeze Date, if earlier), reduced
as specified below for each year that the Early Retirement Date precedes the
Regular Retirement Date, and then Actuarially adjusted for form of payment and
any prior distributions.  The reduced
benefit shall be determined using the general reduction factor from the
following table, except that the amount determined under Section 4.1(b)(ii)
shall be reduced using the special reduction factor indicated:

 19
 

 

	
  Number of years

  	
   

  	
  General

  	
   

  	
  Section 4.1(b)(ii)

  	
   

  
	
  Prior to Regular

  	
   

  	
  Reduction

  	
   

  	
  Reduction

  	
   

  
	
  Retirement Date

  	
   

  	
  Factor

  	
   

  	
  Factor

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  0

  	
   

  	
  100.0000

  	
  %

  	
  100.0000

  	
  %

  
	
  1

  	
   

  	
  98.0000

  	
   

  	
  93.3333

  	
   

  
	
  2

  	
   

  	
  96.0000

  	
   

  	
  86.6667

  	
   

  
	
  3

  	
   

  	
  94.0000

  	
   

  	
  80.0000

  	
   

  
	
  4

  	
   

  	
  90.0000

  	
   

  	
  74.0000

  	
   

  
	
  5

  	
   

  	
  86.0000

  	
   

  	
  68.0000

  	
   

  
	
  6

  	
   

  	
  80.0000

  	
   

  	
  62.0000

  	
   

  
	
  7

  	
   

  	
  74.0000

  	
   

  	
  56.0000

  	
   

  
	
  8

  	
   

  	
  68.0000

  	
   

  	
  50.0000

  	
   

  
	
  9

  	
   

  	
  62.0000

  	
   

  	
  44.0000

  	
   

  
	
  10

  	
   

  	
  56.0000

  	
   

  	
  38.0000

  	
   

  
	
  11

  	
   

  	
  50.0000

  	
   

  	
  32.0000

  	
   

  
	
  12

  	
   

  	
  44.0000

  	
   

  	
  26.0000

  	
   

  

 

If
the Participant’s number of years prior to Regular Retirement Date includes
partial years, the percentages to be applied to the two benefit factors shall
be interpolated from the above table.

4.4           Deferred
Retirement Benefit.

A Participant’s
Deferred Retirement Benefit shall equal his or her vested Accrued Benefit as of
his or her Deferred Retirement Date (or the Participant’s Freeze Date, if
earlier), Actuarially adjusted for form of payment and any prior distributions,
and, to the extent required under section 401(a)(9) of the Code, to reflect
commencement after age 70-1/2. 
Additional benefit accruals after a Participant’s Regular Retirement
Date shall be offset by any adjustment attributable to the delay in
distribution of benefits after age 70-1/2, as permitted under section
411(b)(1)(H)(iii)(II) of the Code.  There
shall be no Actuarial adjustment to reflect the deferred commencement of
benefits prior to age 70-1/2.  If a
Participant begins receiving benefits prior to his or her date of Termination,
additional benefit accruals for a calendar year shall be reduced (but not below
zero) by the Actuarial Equivalent of the benefit payments made to the
Participant during that calendar year, as permitted by section
411(b)(1)(H)(iii)(I) of the Code and regulations thereunder.  Credited Service and Earnings beyond the
Regular Retirement Date shall be taken into consideration, subject to the
33-year limit in Section 4.1.  In no
event shall the benefit provided under this paragraph be less than the
retirement benefit to which the Participant would have been entitled if he or
she had actually retired on the Regular Retirement Date.

4.5           Reemployment
After Retirement.

Upon reemployment
on or after June 1, 2005, a Participant shall continue to receive retirement
benefits, but shall not resume accruing benefits under the Plan.  A Participant who was rehired prior to June
1, 2005, may continue accruing benefits until his or her Freeze Date.  Benefits shall be adjusted to reflect
additional accruals to the extent required by ERISA

 20

and the Code.  At the Participant’s subsequent retirement,
benefits payable shall be based on his or her total Credited Service and
Earnings at the time of subsequent retirement (or the Participant’s Freeze
Date, if earlier), and shall be reduced by the Actuarial Equivalent value of
benefits previously received by the Participant, except as otherwise provided
in Section 5.6.  In no event shall the
benefit provided upon subsequent retirement be less than the initial retirement
benefit.

4.6           Suspension
of Payments.  Except as otherwise
provided in Section 3.3, Section 4.4, and Section 4.5, no pension payments
shall be made for any period in which a Participant is in “Substantial
Employment.”  A Participant is in
Substantial Employment if the Participant has remained in or returned to
employment with the Employer during any calendar month subsequent to the date
the Participant reaches age 65 and works at least eight days in such calendar
month (or during a four- or five-week payroll period ending in such calendar
month).  For this purpose, a Participant
shall be treated as working on any day during which he or she performs at least
one Hour of Service.  If all or a portion
of a Participant’s pension payments are suspended for any period after he or
she reaches age 65, the Committee shall notify the Participant, by personal
delivery or first class mail, during the first calendar month commencing on or
after the date the Participant reaches age 65 in which the Plan withholds
payments, that his or her benefits are suspended, in accordance with the
requirements set forth in 29 C.F.R. §2530.203-3(b)(4).

A
Participant’s pension payments shall commence, subject to offset as provided by
29 C.F.R. §2530.203-3(b)(2) and (3), no later than the first day of the third
calendar month after the calendar month in which the Participant ceases to be
in Substantial Employment.  The pension
payable when the Participant ceases to be in Substantial Employment shall be
determined in accordance with Section 4.4 or 4.5, whichever is applicable at
such time, and shall be based on his or her total Credited Service (to a
maximum of 33 years).

Every
Participant must notify the Committee of any employment with the Employer
subsequent to the time his or her pension payments from the Plan commence.  A Participant may request that the Committee
render a determination pursuant to Section 10.5 as to whether specific
contemplated employment would constitute Substantial Employment.

4.7           Benefits
for Former Participants.

Except as
otherwise specifically provided in the Plan, eligibility for benefits and the
amount of such benefits for a former Participant who retired or otherwise
separated from service with the Employer before June 1, 2005, shall be based
upon the provisions of the Plan in effect on the Participant’s date of
Termination.  An employee who Terminates
prior to becoming a Participant in this Plan may be eligible for benefits under
a predecessor employer plan but is not eligible for benefits under this Plan.  However, if a Terminated Participant has had
an hour of service on or after January 1, 1976, and is living on
August 23, 1984, a Spouse’s death benefit may be payable under Section
6.1(c) if the requirements of that section are met.

 21
 

SECTION 5

FORMS OF PAYMENT

5.1           Forms
of Payment.

A retiring Participant may elect any one of the
options described below at any time during the 90-day period ending on the
Annuity Starting Date.

(a)           Whole
Life Annuity

A Whole Life
Annuity shall be payable monthly from the Annuity Starting Date to the first of
the month preceding death.  The amount of
the monthly benefit shall equal the monthly Regular Retirement Benefit,
adjusted for Early or Deferred Retirement if applicable.

(b)           Joint
and Survivor Annuity

A reduced Joint
and Survivor Annuity shall be payable monthly to a retired Participant from the
Annuity Starting Date to the first of the month preceding death.  Following the Participant’s death, a benefit,
equal to 50% or 100% of the reduced amount payable to the retired Participant,
shall be payable for life to the Participant’s Spouse, if living at the time of
the Participant’s death.  A Participant
may elect which percentage shall be payable to the Spouse.

If the Spouse dies
after the Participant’s Annuity Starting Date, the Participant’s payments shall
be in the same reduced amount as is otherwise payable under the Joint and
Survivor Annuity.  If the Spouse dies
prior to the Participant’s Annuity Starting Date, any election of a form of
benefit under this paragraph (b) shall be automatically canceled.  If the Participant dies prior to the Annuity
Starting Date, the Spouse shall not be entitled to receive any payments under
this Section 5.1.

The 50% Joint and
Survivor Annuity shall be equal to 90% of the Participant’s retirement benefit
payable in the form of a Whole Life Annuity.

The 100% Joint and
Survivor Annuity shall be equal to 80% of the Participant’s retirement benefit
payable in the form of a Whole Life Annuity.

(c)           Period
Certain and Life Annuity

A reduced Period Certain and Life Annuity shall be
payable monthly from the Annuity Starting Date to the first of the month
preceding death, but in no event shall less than a certain number of monthly
payments be made.  A Participant may
elect the period certain and number of monthly payments under the table below.  If the Participant 

 22
 

dies before receiving the applicable number of monthly payments, the
remaining payments shall continue to be made to his or her designated
Beneficiary.  If both the Participant and
the Beneficiary die before receiving the applicable number of monthly payments,
the remaining payments shall be made to the estate of the last to die of the
Participant and the Beneficiary.  The
total value of the Period Certain and Life Annuity shall be equal to the
portion of the Participant’s retirement benefit payable in the form of a Whole
Life Annuity, specified in the table below:

	
  

  	
   

  	
  Number of

  	
   

  	
  Total Benefit

  	
   

  
	
  Period of Years

  	
   

  	
  Monthly Payments

  	
   

  	
  Reduction Factor

  	
   

  
	
  5

  	
   

  	
  60

  	
   

  	
  .98

  	
   

  
	
  10

  	
   

  	
  120

  	
   

  	
  .92

  	
   

  
	
  15

  	
   

  	
  180

  	
   

  	
  .85

  	
   

  
	
  20

  	
   

  	
  240

  	
   

  	
  .75

  	
   

  

 

If any benefit is payable
to the Participant’s or Beneficiary’s estate under this paragraph (c), such
benefit shall be payable in a single sum amount.  The single sum amount shall be the present
value of the benefit under this paragraph (c), determined by using the
Applicable Interest Rate.

5.2           Automatic
Form of Benefit.

Unless a
Participant elects otherwise, Benefits shall be paid as provided below:

(a)           Married
Participants

Any Participant who has a Spouse on his or her Annuity
Starting Date shall automatically be deemed to have elected the 50% (or, if the
Participant so elects in writing during the election period described in
Section 5.1, 100%) Joint and Survivor Annuity, effective as of such date, with
such Spouse as the joint annuitant.

A Participant may
reject the Joint and Survivor Annuity by filing a written notice with the
Committee prior to the Annuity Starting Date. 
Such notice must be signed by the Participant’s Spouse, and the Spouse’s
signature must be notarized or witnessed by a Plan representative.  In the event the Joint and Survivor Annuity
is rejected, benefits shall be paid in the form of a Whole Life Annuity, unless
another option is elected.  The election
of an optional benefit or the designation of a Beneficiary other than the
Spouse may not be changed without spousal consent or the spousal consent must
permit designations by the Participant without further consent by the Spouse.

A Participant may
file a rejection notice or revoke any such notice at any time during the
election period described in Section 5.1.

 23
 

(b)           Other
Participants

Any other Participant shall receive his or her
retirement benefits in the form of a Whole Life Annuity, unless another option
is elected.

5.3           Limitation
on Joint Annuitant.

A Participant may
not elect a joint annuitant other than his or her Spouse.

5.4           Explanation
of Forms of Payment.

The Committee
shall furnish each Participant with a written explanation of the terms and
conditions of the forms of payment, and of his or her right to defer
commencement of benefit payments until his or her Regular Retirement Date, if
applicable, not more than 90 days and not less than 30 days prior to the
Annuity Starting Date; provided, however, that distributions of a Participant’s
benefit may commence less than 30 days after such explanation is given to the
Participant if:

(a)           The
Committee clearly informs the Participant that he or she has a right to a
period of at least 30 days after receiving such explanation to consider whether
to waive the automatic form of payment described in Section 5.2 and, if
applicable, to consider whether to commence receipt of his or her benefit
before his or her Regular Retirement Date;

(b)           After
receiving the explanation, the Participant affirmatively elects a form of
distribution (with spousal consent, if required under Section 5.2), and the
Participant affirmatively elects to commence receiving his or her benefit (if
distribution is to commence prior to his or her Regular Retirement Date);

(c)           The
Participant is permitted to revoke his or her affirmative election at least
until his or her Annuity Starting Date or, if later, at any time prior to the
expiration of the seven-day period that begins the day after the explanation is
provided to the Participant;

(d)           The
Participant’s Annuity Starting Date is after the date the explanation is
provided to the Participant, except as otherwise permitted under section
417(a)(7) of the Code and Treasury regulations issued thereunder; and

(e)           Distribution
in accordance with the Participant’s affirmative election does not commence
before the expiration of the seven-day period that begins on the day after the
explanation is provided to the Participant.

 24
 

5.5           Retroactive
Annuity Starting Dates.

Notwithstanding
the requirements of Sections 5.1 and 5.4, a Participant may elect an Annuity
Starting Date which is on or before the date the explanation described in
Section 5.4 is provided to the Participant (a “retroactive Annuity Starting
Date”), provided that:

(a)           The
requirements of Treas. Reg. §1.417(e)-1(b)(3)(iv) and (v) or any successor
thereto are satisfied; and

(b)           The
retroactive Annuity Starting Date is the later of (i) the Participant’s Regular
Retirement Date, or (ii) the first date of the month on or after the date of
the Participant’s termination of employment.

Notwithstanding
Section 5.2, if the Participant’s Spouse as of a retroactive Annuity Starting
Date is not the Participant’s Spouse as of the date distributions actually
commence, that former Spouse is not required to consent to the Participant’s
waiver of the Joint and Survivor Annuity, unless otherwise provided under a
Qualified Domestic Relations Order. 
(However, the consent of the Participant’s Spouse as of the actual
commencement date may be required under Treas. Reg. §1.417(e)-1(b)(3)(v), even
if the benefit is payable in the form of a Joint and Survivor Annuity.)

If a retroactive
Annuity Starting Date is elected under this Section 5.5, then the date
distributions actually commence shall be substituted for the Annuity Starting
Date for purposes of the timing requirements of Sections 5.1, 5.2, and 5.4 for
the Participant’s waiver notice and election of an optional form of payment and
the provision of the explanation to the Participant.

5.6           Small
Benefits and Repayment of Benefit.

In cases where the
present value of a vested or payable benefit of a Terminating Participant is
not greater than $1,000, the benefit shall be paid in a lump-sum distribution
as soon as practicable after Termination. 
For purposes of this paragraph, the present value shall be based upon
the Applicable Interest Rate and the Applicable Mortality Table.  A Participant who has no vested benefit at
the time of his or her Termination shall be deemed to receive a distribution in
the amount of $0 under this Section 5.6 as of the date of such Termination.

In the event a
Participant receives a lump-sum distribution at any time after Termination and
later resumes participation after returning to work, he or she may repay such
benefit with 5% interest to the Plan within two years of resuming employment.  The Accrued Benefit of a Participant who
makes such repayment shall be determined as if no prior distribution
occurred.  If a Participant who receives
a deemed $0 distribution later returns to work, he or she shall be deemed to
have repaid such distribution to the Plan.

 25
 

5.7           Direct
Rollovers.

(a)           Direct Rollovers.  Notwithstand­ing any provisions of the Plan
to the contrary that would otherwise limit a distributee’s election under this
Section 5.7, a distributee may elect, at the time and in the manner prescribed
by the Committee, to have any portion of an eligible rollover distribution paid
directly to an eligible retirement plan specified by the distributee in a
direct rollover.

(b)           Definitions.

(i)            Eligible
rollover distribution:  An eligible rollover
distribution is any distribution of all or any portion of the balance to the
credit of the distributee, except that an eligible rollover distribution does
not include:  any distribution that is
one of a series of substantially equal periodic payments (not less frequently
than annually) made for the life (or life expectancy) of the distributee or the
joint lives (or joint life expectancies) of the distributee and the distributee’s
designated Beneficiary, or for a specified period of ten years or more; any
distribution to the extent such distribution is required under section
401(a)(9) of the Code; and the portion of any distribution that is not
includible in gross income (determined without regard to the exclusion for net
unrealized appreciation with respect to employer securities).

(ii)           Eligible
retirement plan:  An eligible
retirement plan is any of the following that accepts the distributee’s eligible
rollover distribution:  an individual
retirement plan; an annuity plan described in section 403(a) of the Code; a
qualified trust described in section 401(a) of the Code; an annuity contract
described in section 403(b) of the Code; and an eligible plan under section
457(b) of the Code which is maintained by a state, a political subdivision of a
state, or any agency or instrumentality of a state or political subdivision of
a state which agrees to account separately for amounts transferred into such
plan from this Plan.

(iii)          Distributee:  A distributee includes an employee or former
employee.  In addition, the employee’s or
former employee’s surviving Spouse and the employee’s or former employee’s
Spouse or former Spouse who is the alternate payee under a Qualified Domestic
Relations Order are distributees with regard to the interest of the Spouse or
former Spouse.

(iv)          Direct
rollover:  A direct rollover is a
payment by the Plan to the eligible retirement plan specified by the
distributee.

(v)           Individual
retirement plan:  An individual
retirement plan is an individual retirement account described in section 408(a)
of the Code or an individual retirement annuity described in section 408(b) of
the Code.

 26
 

SECTION 6

DEATH AND DISABILITY BENEFITS

6.1           Spouse’s
Death Benefit.

In the event a vested Participant dies before his or
her Annuity Starting Date, his or her Spouse shall receive a pre-retirement
death benefit.  The amount of the Spouse’s
benefit and time of commencement is described below.  The Spouse of a nonvested Participant, or of
a Participant who dies on or after his or her Annuity Starting Date, is not
entitled to this death benefit.

(a)           Death
After Earliest Retirement Date

If the Participant
dies before his or her Annuity Starting Date and after his or her Earliest
Retirement Date, the Spouse’s benefit shall be paid monthly from the first of
the month coinciding with or following the Participant’s death through the
first of the month preceding the Spouse’s death.  For purposes of this Section 6.1, a
Participant’s “Earliest Retirement Date” means the earliest date on which he or
she could have elected to receive benefits under Section 3 or Section 7.2,
based on his or her actual Period of Service at death.  The benefit shall equal 45% (or, if the
Participant dies after electing a 100% Joint and Survivor Annuity under Section
5.2(a) during the 90-day period ending on the first of the month coinciding
with or following the Participant’s death, 80%) of the benefit in the form of a
single life annuity to which the Participant would have been entitled if his or
her Retirement Date were immediately before the date of his or her death.

(b)           Death
Prior to Earliest Retirement Date and Termination

If the Participant
Terminates due to death and prior to his or her Earliest Retirement Date, the
Spouse’s benefit shall be paid monthly from the Participant’s Earliest Retirement
Date through the first of the month preceding the Spouse’s death.  The benefit shall equal 45% (or, if the
Participant dies after electing a 100% Joint and Survivor Annuity under Section
5.2(a) during the 90-day period ending on his or her Earliest Retirement Date,
80%) of the benefit to which the Participant would have been entitled at his or
her Earliest Retirement Date.  The
Participant shall be deemed to continue accruing Periods of Service until the
Earliest Retirement Date and shall be deemed to continue accruing Credited
Service until the earlier of the Earliest Retirement Date or the Participant’s
Freeze Date.

(c)           Death
Prior to Earliest Retirement Date and After Termination

If the Participant
dies following Termination but prior to his or her Earliest Retirement Date,
the Spouse’s benefit shall be paid monthly from the Participant’s 

 27
 

Earliest Retirement Date
through the first of the month preceding the Spouse’s death.  The Earliest Retirement Date shall be
determined as if he or she had survived but not accrued Periods of Service or
Credited Service past date of death.  The
benefit shall equal 45% (or, if the Participant dies after electing a 100%
Joint and Survivor Annuity under Section 5.2(a) during the 90-day period ending
on his or her Earliest Retirement Date, 80%) of the benefit to which the
Participant would have been entitled at his or her Earliest Retirement
Date.  If the Participant has not had an
hour of service on or after January 1, 1976, the Participant is not eligible
for a benefit under this paragraph (c).

(d)           Spousal
Consent to Annuity Commencement

Notwithstanding
the provisions of paragraphs (a) through (c) above, survivor annuity payments
under this Section 6.1 shall not commence prior to the date on which the
Participant would have attained his Regular Retirement Date (or, if earlier,
the later of age 65 or the fifth anniversary of the Participant’s commencement
of participation in the Plan) unless the Spouse consents to the commencement of
such payments at an earlier date.  If the
Spouse elects to defer commencement of the survivor annuity beyond the date
otherwise provided under paragraphs (a) through (c) above, the amount of the
survivor annuity shall be adjusted to reflect the amount of the Joint and
Survivor Annuity which would have been payable to the Participant on such
deferred commencement date.

(e)           Benefit
Payable to Child

If this Section 6.1 would apply to a Participant but
for the fact that there is no surviving Spouse, and if such Participant is
survived by a child under age 21, then the monthly benefit provided for in
paragraphs (a) through (c) above shall be paid to such child until the first
day of the month in which he or she attains age 21; and if there are two or
more such children, the benefit shall be divided equally among them; and if any
of such children’s benefits cease by virtue of their attaining age 21, the
benefits shall be divided equally among the remaining eligible children.  The monthly benefit payable under this
paragraph (e) shall commence on the first of the month coinciding with or
following the Participant’s death, and the benefit shall not be Actuarially
adjusted to reflect immediate commencement.

6.2           Disability
Benefits.

Periods of Disability up to a maximum of ten years,
or, if less, the number of years during which a Participant is entitled to
receive disability benefits under the Employer’s voluntary disability plan,
shall be included for purposes of determining Periods of Service for vesting
and (up to the Participant’s Freeze Date) for Credited Service.

 28
 

SECTION 7

VESTING

7.1           Vesting.

Each Participant shall have a vested, nonforfeitable
right to his or her Accrued Benefit multiplied by the appropriate vesting
percentage in accordance with the following table:

	
  Period of Service

  	
   

  	
  Percent Vested

  	
   

  
	
  Less than 5
  years

  	
   

  	
  0

  	
  %

  
	
  5 years or more

  	
   

  	
  100

  	
  %

  

 

In addition, each employee shall have a 100%
nonforfeitable right to his or her Accrued Benefit upon attaining age 65 while
in the service of the Employer.  An
employee who Terminates with a 0% vested benefit shall be deemed “nonvested.”

7.2           Deferred
Vested Benefit.

A Participant who Terminates with a vested Accrued
Benefit prior to his or her Regular or Early Retirement Date shall be entitled
to receive his or her vested Accrued Benefit, Actuarially adjusted for form of
payment and any prior distributions, commencing on his or her Regular
Retirement Date.

Payment of a Participant’s vested Accrued Benefit,
reduced in accordance with the factors set forth in Section 4.3 and Actuarially
adjusted for form of payment and any prior distributions, shall commence not
later than the 60th day after the close of the Plan Year in which occurs the
latest of:

(a)           The date the Participant attains age
65;

(b)           The tenth anniversary of the
Participant’s commencement of participation in the Plan; or

(c)           The date the Participant Terminates.

Notwithstanding the preceding sentence, a Participant may elect to
defer commencement of benefits until his or her Regular Retirement Date, if
later.  For this purpose, the Participant’s
failure to apply for benefits shall be deemed an election to defer commencement
of benefit payments to his or her Regular Retirement Date.

A Participant who Terminates after completing a
15-year Period of Service but prior to age 55 may elect to commence receiving
his or her vested Accrued Benefit, reduced in 

 29
 

accordance with the factors set forth in Section 4.3 and Actuarially
adjusted for form of payment and any prior distributions, on the first day of
any month coinciding with or following the date he or she attains age 55.

7.3           Forfeitures.

Any forfeitures arising under this Plan shall be used
only to offset future Employer contributions and shall not affect any
Participant’s Accrued Benefit.

 30

 

SECTION 8

LIMITATIONS ON
BENEFITS

8.1           Limitations re Highly Compensated
Employees

(a)           Restriction of Benefits.  In the event of Plan termination, the benefit
of any highly compensated employee (as defined in section 414(q) of the Code
and regulations thereunder, including any highly compensated former employee)
shall be limited to a benefit which is nondiscriminatory under section
401(a)(4) of the Code.

(b)           Restrictions
on Distributions.  Annual payments to
a Restricted Participant shall be restricted to an amount equal to the payments
that would be made on behalf of such Restricted Participant under a single life
annuity which is Actuarially Equivalent to the sum of the Restricted
Participant’s Accrued Benefit and his or her other Benefits under the Plan.  However, the restrictions of this paragraph
(b) shall not apply if:

(i)            After payment to such Restricted
Participant of all Benefits, the value of Plan assets equals or exceeds 110% of
the value of current liabilities (as defined in section 412(l)(7) of the Code);
or

(ii)           The value of the Benefits for such
Restricted Participant is less than 1% of the value of current liabilities.

(c)           Definitions.  The following definitions shall apply for
purposes of this Section 8.1:

(i)            Restricted Participant means,
for any Plan Year, any highly compensated employee or highly compensated former
employee, as defined in section 414(q) of the Code and the regulations
thereunder; provided, however, that for any Plan Year, the total number of
Restricted Participants shall be limited to a group of 25 highly compensated
employees and highly compensated former employees.  Such group shall consist of those highly
compensated employees and highly compensated former employees with the greatest
compensation.

(ii)           Benefit shall include loans in
excess of the amounts set forth in section 72(p)(2)(A) of the Code, any
periodic income, any withdrawal values payable to a living employee, and any
death benefits not provided for by insurance on the employee’s life.

(d)           Inapplicability of Restrictions.  In the event that the provisions of this
Section 8.1 are no longer necessary to qualify this Plan under section 401(a)
of the Code, this Section 8.1 shall be ineffective without amendment to the
Plan.

 31
 

 

8.2           Maximum Annual Benefit Payable
Under the Plan.

Anything to the
contrary notwithstanding, a Participant’s annual benefit shall not exceed the
lesser of the Defined Benefit Dollar Limitation (or, if greater, the
Participant’s Accrued Benefit on December 31, 1982), or 100% of the Participant’s
average compensation during the three consecutive Plan Years when his or her
compensation was the highest, subject to the following:

(a)           A Participant’s annual benefit shall
mean the benefit payable annually in the form of a straight life annuity (with
no ancillary benefits), within the meaning of section 415(b)(2) of the Code,
determined in accordance with the following:

(i)            Except as provided herein, a
Participant’s retirement benefit under the Plan shall, for purposes of applying
the limitations of this Section 8.2, be adjusted to a straight life annuity
beginning at the same age which is the Actuarial Equivalent of such benefit in
accordance with rules determined by the Commissioner of Internal Revenue.  For purposes of making the foregoing
adjustment to a straight life annuity, there shall not be taken into account
the value of a qualified joint and survivor annuity provided under the Plan to
the extent that such value exceeds the sum of (A) the value of a straight life
annuity beginning on the same date and (B) the value of any post-retirement
death benefits which would be payable even if the annuity was not in the form
of a joint and survivor annuity.

(ii)           For purposes of subparagraph (i)
above, the annual benefit in the form of a straight life annuity commencing at
the same age that is Actuarially Equivalent to the Plan benefit shall be the
greater of the equivalent annual benefit computed using the mortality table and
interest rate specified in Section 1.2 (or otherwise specified in the Plan for
such form of benefit), and the equivalent annual benefit computed using the
Applicable Mortality Table and an interest rate of:

(A)          In
the case of a benefit in a form that is not subject to section 417(a)(3) of the
Code, 5%; and

(B)           In
the case of a benefit in a form that is subject to section 417(a)(3) of the
Code:

(1)           Except
as provided in subparagraph (ii)(B)(2) below, the Applicable Interest Rate; or

(2)           With
respect to the 2004 and 2005 Plan Years, 5.5%; provided, however, with respect
to a benefit that is received in 2004, the amount payable shall not be less
than the amount that would have been payable had the amount payable been 

 32
 

determined using the Applicable Interest Rate in
effect as of December 31, 2003.

(b)           The
“Defined Benefit Dollar Limitation” shall mean $160,000, as adjusted under
section 415(d) of the Code, effective as of January 1 of each year, in such
manner as the Secretary of the Treasury shall prescribe, and payable in the
form of a straight life annuity.  For
purposes of this paragraph (b), a limitation as adjusted under section 415(d)
of the Code shall apply to limitation years ending with or within the calendar
year for which the adjustment applies.

(c)           If the Participant has less than ten
years of employment with the Employer, the 100% of average compensation
limitation referred to in this Section 8.2 shall be reduced by multiplying it
by a fraction which has a numerator equal to the Participant’s years of
employment (including fractions thereof) and which has a denominator equal to
ten.

(d)           If the Participant has been a
Participant in the plan for fewer than ten years, the Defined Benefit Dollar
Limitation shall be reduced by multiplying it by a fraction which has a
numerator equal to the Participant’s years of participation (including fractions
thereof) and which has a denominator equal to ten.

(e)           The Defined Benefit Dollar
Limitation, as reduced under paragraph (d) above, if necessary, shall be
adjusted in accordance with the following, to the extent applicable:

(i)            If benefit payments commence before
the Participant reaches age 62, the Defined Benefit Dollar Limitation (as
reduced under paragraph (d) above, if necessary) shall be adjusted so that it
is the Actuarial Equivalent of the limitation at age 62.  For purposes of this subparagraph (i), the
reduced limitation that is the Actuarial Equivalent of such limitation at age
62 shall be the lesser of the equivalent amount using the interest rate and
mortality table specified in Section 1.2, or the equivalent amount using an
interest rate of 5% and the Applicable Mortality Table.

(ii)           If benefit payments commence after
the Participant reaches age 65, the Defined Benefit Dollar Limitation (as
reduced under paragraph (d) above, if necessary) shall be increased so that it
is the Actuarial Equivalent of an annual benefit equal to the Defined Benefit
Dollar Limitation beginning at age 65. 
For purposes of this subparagraph (ii), the increased limitation that is
the Actuarial Equivalent of such limitation at the Social Security retirement
age shall be the lesser of the equivalent amount using the interest rate and
mortality table specified in Section 1.2, or the equivalent amount using an
interest rate of 5% and no mortality decrement.

 33
 

 

All adjustments shall be made in accordance with the provisions of
section 415 of the Code, regulations promulgated thereunder, and any IRS
publications concerning section 415.

(f)            The term “compensation” as used in
this Section 8.2 shall be defined as per Internal Revenue Service Regulation
1.415-2(d)(2) and (3), but shall include any contributions made by the Employer
on behalf of an employee, by salary reduction pursuant to the employee’s
election, to a cash or deferred arrangement described in section 401(k) of the
Code, a cafeteria plan as defined in section 125(d) of the Code, or a qualified
transportation fringe described in section 132(f)(4) of the Code.

(g)           The Plan Year shall be the “limitation
year” for purposes of section 415 of the Code.

(h)           This Section 8.2, as amended to
comply with section 415(b)(2) of the Code as amended by the Retirement
Protection Act of 1994, the Small Business Job Protection Act of 1996, and the
Taxpayer Relief Act of 1997 (collectively, “GATT”), shall not apply to benefits
accrued before January 1, 2000 (“Old-Law Benefits”).  After December 31, 1999, the limitations of
this Section 8.2, as amended to comply with GATT, shall apply to a Participant’s
total accrued benefit, provided that, in any event, the Participant shall
receive no less than his or her Old-Law Benefit, limited to the extent required
under Q/A-15 of Rev. Rul. 98-1, in accordance with Method 2 of Q/A-14 of Rev.
Rul. 98-1.

 34
 

 

SECTION 9

TOP HEAVY
PROVISIONS

9.1           Scope.

Notwithstanding any Plan provision to the contrary,
for any Plan Year in which the Plan is Top Heavy within the meaning of section
416(g) of the Code, the provisions of this Section 9 shall govern to the extent
they conflict with or specify additional requirements to the Plan provisions
governing Plan Years which are not Top Heavy.

9.2           Top Heavy Status.

(a)           Top
Heavy.

This Plan shall be
“Top Heavy” for Plan Years commencing after December 31, 1983, if, as of the
Determination Date, (i) the sum of the Aggregate Accounts of Key Employees, or
(ii) the Present Value of Accrued Benefits of Key Employees under this Plan and
any plan of an Aggregation Group, exceeds 60% of the Aggregate Accounts or the
Present Value of Accrued Benefits of all Participants under this Plan and any
plan of an Aggregation Group.

The Present Value
of Accrued Benefits and/or Aggregate Account balance of a Participant shall not
be taken into account for purposes of determining Top Heavy status:

(i)            If the Participant was previously a
Key Employee but is no longer a Key Employee; or

(ii)           If the Participant has not been
credited with at least one Hour of Service during the one-year period ending on
the Determination Date.

(b)           Determination
Date.

Whether the Plan is Top Heavy for any Plan Year shall
be determined as of the Determination Date. 
“Determination Date” means (i) the last day of the preceding Plan Year,
or (ii) in the case of the first Plan Year, the last day of such Plan Year.

(c)           Valuation
Date.

“Valuation Date” means, for purposes of determining
Top Heaviness, the Determination Date.

 35
 

 

(d)           Aggregate
Account.

“Aggregate Account” means, with respect to a
Participant, his or her adjusted account balance in a defined contribution
plan, as determined under the top heavy provisions of such plan.

(e)           Present
Value of Accrued Benefits.

“Present Value of
Accrued Benefits” means the sum of:

(i)            The Actuarial Equivalent present
value of the accrued normal retirement benefit under the Plan as of the
Valuation Date; and

(ii)           Any part of any distribution made
during the one-year period ending on the Determination Date on account of
separation from service, death, or disability; and

(iii)          Any part of any distribution, for any
reason other than separation from service, death, or disability, during the
five-year period ending on the Determination Date.

The amounts in
subparagraphs (ii) and (iii) above shall include distributions under a
terminated plan which, had it not been terminated, would have been aggregated
with the Plan under section 416(g)(2)(A)(i) of the Code.

Unrelated
rollovers or transfers shall be considered distributions.  A related rollover or transfer shall not be
considered a distribution.  An unrelated
rollover or transfer is one which is both initiated by the employee and made
between plans of different employers.  A
related rollover or transfer is one which is either not initiated by the
employee or made between plans of the same employer.

For purposes of
subparagraph (i) above, the Present Value of Accrued Benefits shall include
benefits attributable to voluntary or mandatory employee contributions,
unrelated rollovers or transfers accepted prior to January 1, 1984, and related
rollovers or transfers accepted at any time. 
The present value of accrued benefits shall not include benefits
attributable to voluntary deductible employee contributions, or unrelated
rollovers or transfers accepted after January 1, 1984.

Solely for the
purpose of determining if the Plan, or any other plan included in a required
aggregation group of which this Plan is a part, is Top Heavy, the accrued
benefit of an employee other than a Key Employee shall be determined under (i)
the method, if any, that uniformly applies for accrual purposes under all plans
maintained by the Employer, or (ii) if there is no such method, as if such
benefit accrued not more rapidly than the slowest accrual rate permitted under
the fractional accrual rate of section 411(b)(1)(C) of the Code.

 36
 

 

(f)            Key
Employee.

“Key Employee” shall be determined as follows:

(i)            A “Key Employee” is any employee or
former employee of an Employer who, at any time during the Plan Year that
includes the Determination Date, is:

(A)          An
officer of the Employer whose annual compensation (as defined in section
415(c)(3) of the Code) is greater than $130,000 (as adjusted under section
416(i)(1) of the Code for Plan Years beginning after December 31, 2001);

(B)           An
employee who owns more than 5% of the Employer; or

(C)           An
employee who owns more than 1% of the Employer with annual compensation from
the Employer that exceeds $150,000.

(ii)           The Beneficiaries of a Key Employee
shall also be considered Key Employees.

(iii)          For purposes of subparagraph (i)(A)
above, no more than 50 employees (or, if less, the greater of three or 10% of
the employees) shall be treated as officers.

(iv)          The determination of who is a Key
Employee shall be made in accordance with section 416(i)(1) of the Code and the
Treasury regulations thereunder.

(g)           Aggregation
Group.

“Aggregation Group” means the group of plans that must
be considered as a single plan for purposes of determining whether the plans
within the group are Top Heavy (Required Aggregation Group), or the group of
plans that may be aggregated for purposes of Top Heavy testing (Permissive
Aggregation Group).  The Determination
Date for each plan must fall within the same calendar year in order to
aggregate the plans.

(i)            The Required Aggregation Group
includes each plan of the Employer in which a Key Employee is a participant in
the Plan Year containing the Determination Date and each other plan of the
Employer which, during this period, enables any plan in which a Key Employee
participates to meet the 

 37
 

minimum participation standards or nondiscriminatory
contribution requirements of sections 401(a)(4) and 410 of the Code.

(ii)           A Permissive Aggregation Group may
include any Employer-sponsored plan, provided the group as a whole continues to
satisfy the minimum participation standards and nondiscriminatory contribution
requirements of sections 401(a)(4) and 410 of the Code.

Each plan
belonging to a Required Aggregation Group shall be deemed Top Heavy, or non-Top
Heavy in accordance with the group’s status. 
In a Permissive Aggregation Group that is determined Top Heavy only
those plans that are required to be aggregated shall be Top Heavy.  In a Permissive Aggregation Group that is not
Top Heavy, no plan in the group shall be Top Heavy.

9.3           Minimum Benefit.

(a)           General
Rule.

For any Top Heavy Plan Year, a non-Key Employee shall
have an Accrued Benefit at least equal to the minimum benefit described
herein.  The minimum Accrued Benefit at
any point in time equals the lesser of:

(i)            2%
multiplied by Top Heavy Periods of Service; or

(ii)           20%,

multiplied by such
Participant’s “Average Compensation.”  “Average
Compensation” means a Participant’s compensation as described in section 415 of
the Code, as limited by section 401(a)(17) of the Code, for the five
consecutive years when such Participant had the highest aggregate compensation
from the Employer.  However, compensation
received for non-Top Heavy Plan Years shall be disregarded.  The benefit described herein is expressed as
an annual benefit in the form of a single life annuity (with no ancillary
benefits), commencing at normal retirement age.

A non-Key Employee
shall not be denied this minimum benefit because he or she was not employed on
a specified date, failed to make any mandatory employee contributions, or
failed to earn a specified amount of compensation.

For purposes of
satisfying the minimum benefit requirements of section 416(c)(1) of the Code
and this Section 9.3, in determining Top Heavy Periods of Service, any service
with the Employer shall be disregarded to the extent that such Periods of
Service occur during a Plan Year when the Plan benefits (within the meaning of
section 410(b) of the Code) no Key Employee or former Key Employee.

 38
 

 

(b)           Special
Two Plan Rule.

Where this Plan and a defined contribution plan belong
to an Aggregation Group that is determined Top Heavy, the minimum benefit
required under (a) above for any non-Key Participant who also participates in
the defined contribution plan shall be reduced by the minimum contribution and
forfeiture allocated to the non-Key Participant’s accounts pursuant to the
defined contribution plan’s top heavy provisions.  Such offset shall be in accordance with the
safe harbor rules of Treas. Reg. §1.416-1 (M-12).

9.4           Vesting.

(a)           Top
Heavy Schedule.

For any Top Heavy Plan Year, each Participant who
completes an Hour of Service in such Year shall become vested and have a
nonforfeitable right to retirement benefits he or she has earned under the Plan
in accordance with the following table, provided, however, that a Participant’s
vesting percentage shall not be less than the percentage determined under the
table in Section 7.1:

	
  Periods of Service

  	
   

  	
  Vesting Percentage

  	
   

  
	
  Less than 2
  years

  	
   

  	
  0

  	
  %

  
	
  2 years

  	
   

  	
  20

  	
  %

  
	
  3 years

  	
   

  	
  40

  	
  %

  
	
  4 years

  	
   

  	
  60

  	
  %

  
	
  5 years

  	
   

  	
  80

  	
  %

  
	
  6 years or more

  	
   

  	
  100

  	
  %

  

 

(b)           Return
to Non-Top Heavy Status.

If the Plan becomes Top Heavy and ceases to be Top
Heavy in any subsequent Plan Year, the vesting schedule shall revert to the
vesting schedule in effect before the Plan became Top Heavy.  Any such reversion shall be treated as a Plan
amendment pursuant to the terms of the Plan, and shall not cause a reduction of
any Participant’s nonforfeitable interest in the Plan on the date of such
amendment.

In the event of
such reversion, or in the event the Committee elects to amend the Top Heavy
vesting schedule, a Participant with three or more years of service with the
Employer as of the end of the election period may elect to remain covered by
the Top Heavy vesting schedule.  If a
Participant fails to make such election, then such Participant shall be subject
to the new vesting schedule. The Participant’s election period shall commence
on the adoption date of the amendment and shall end 60 days after the latest
of:

 39
 

 

(i)            The adoption date of the amendment;

(ii)           The effective date of the amendment;
or

(iii)          The date the Participant receives
written notice of the amendment from the Committee.

 

 40

SECTION 10

ADMINISTRATION OF
THE PLAN

10.1         Plan Administrator

The Plan Administrator shall be VWR which, by action
of its Board of Directors, shall appoint a Benefit and Retirement Plan
Committee composed of at least three persons. 
Every member of VWR’s Board of Directors and the Committee shall be
deemed a fiduciary.  No Committee member
who is an employee shall receive compensation with respect to his or her
service on the Committee.  Any member of
the Committee may resign by delivering written resignation to VWR and to the
Committee.  VWR may remove or replace any
member of the Committee at any time.

10.2         Organization and Procedures.

VWR shall designate a chairman from the members of the
Committee.  The Committee shall appoint a
secretary, who may or may not be a member of the Committee.  The secretary shall have the primary
responsibility for keeping a record of all meetings and acts of the Committee
and shall have custody of all documents, the preservation of which shall be
necessary or convenient to the efficient functioning of the Committee.  The chairman of the Committee shall be the
agent of the Plan for service of legal process. 
All reports required by law may be signed by the chairman on behalf of
all members of the Committee.

The Committee shall act by a majority of its members
in office, either by a vote at a meeting or in writing without a meeting, and
may adopt such by-laws and regulations as it deems desirable for the conduct of
its affairs.

10.3         Duties and Authority.

(a)           Administrative
Duties.

The Committee shall administer the Plan in a
nondiscriminatory manner for the exclusive benefit of Participants and their
Beneficiaries.  The Committee shall
perform all such duties as are necessary to supervise the administration of the
Plan and to control its operations in accordance with the terms thereof,
including, but not limited to, the following:

(i)            Interpret the provisions of the Plan
and determine any question arising under the Plan, or in connection with the
administration or operation thereof;

(ii)           Determine all considerations
affecting the eligibility of any employee to be or become a Participant;

 41
 

 

(iii)          Determine eligibility for and amount
of retirement benefits for any Participant;

(iv)          Authorize and direct the Funding Agent
with respect to all disbursements of benefits under the Plan;

(v)           Employ and engage such persons,
counsel, and agents and to obtain such administrative, clerical, medical,
legal, audit, and actuarial services as it may deem necessary in carrying out
the provisions of the Plan.

(b)           Investment
Authority.

The Committee shall have no responsibility or
authority with respect to the management, acquisition, disposition, or
investment of Plan assets.  Such shall be
the sole function and responsibility of the Board of Directors of VWR except to
the extent delegated by the Board to the Funding Agent and/or designated
Investment Manager.

(c)           General
Authority.

The Committee shall have all powers necessary or
appropriate to carry out its duties.  The
Committee shall have sole discretion to carry out its responsibilities under
the Plan to construe and interpret the provisions of the Plan and to determine
all questions concerning benefit entitlements, including the power to construe
and interpret disputed or doubtful terms. 
To the maximum extent permissible under law, any interpretation or
construction of or action by the Committee with respect to the Plan and its
administration shall be conclusive and binding upon any and all parties and
persons affected hereby, subject to the exclusive appeal procedure set forth in
Section 10.6.

10.4         Expenses and Assistance.

All reasonable
expenses which are necessary to operate and administer the Plan may be deducted
from the Fund or paid directly by the Employer, at the Employer’s discretion.

10.5         Claims Procedure.

(a)           Conditions
of Payment.

Benefit payments under the Plan shall not be payable
prior to the fulfillment of the following conditions:

(i)            The Committee has been furnished
with such applications, proofs of birth, address, form of benefit, and other
information the Committee deems necessary;

 42
 

 

(ii)           Except as otherwise provided in
Section 3.4, the Participant has Terminated employment with the Employer; and

(iii)          The Participant is eligible to receive
benefits under the Plan as determined by the Committee.

(b)           Commencement
of Payment.

The payment of benefits shall commence no later than
60 days after the retirement date specified herein for commencement of such
benefits.  If the information required
above is not available prior to said retirement date, the amount of payment
required to commence will not be ascertainable. 
In such event, the commencement of payments shall be delayed until no
more than 60 days after the date the amount of such payment is ascertainable.  To the extent permitted under Section 5.5, a
Participant may elect a retroactive Annuity Starting Date, in which case a
lump-sum payment retroactive to the applicable retroactive Annuity Starting
Date shall be made and monthly payments shall commence.

10.6         Appeal Procedure.

(a)           Notice
of Denial.

The Committee shall make
all determinations as to the right of any person to a benefit under the
Plan.  If the Committee denies in whole
or in part any claim for a benefit under the Plan by a Participant or Beneficiary
or his or her authorized representative (hereinafter, “Claimant”), the
Committee shall furnish the Claimant with notice of the decision not later than
90 days after receipt of the claim, unless special circumstances require an
extension of time for processing the claim. 
Such extension shall not exceed the period of 90 days from the end of
such initial period; provided, however, that in the event the Claimant fails to
submit information necessary to decide a claim, such period shall be tolled
from the date on which the extension notice is sent to the Claimant until the
date on which the Claimant responds to the request for additional
information.  The extension notice shall
indicate the special circumstances requiring an extension of time and the date
by which the Committee expects to render the final decision.  The written or electronic notice which the
Committee shall provide to every Claimant who is denied a claim for benefits
shall set forth in a manner calculated to be understood by the Claimant:

(i)            The specific reason or reasons for
the denial;

(ii)           Specific reference to pertinent Plan
provisions on which the denial is based;

 43
 

 

(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)          A description of the Plan’s review
procedures and the time limits applicable to such procedures, 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.

(b)           Right
to Request Review.

A Claimant may request that the Committee review the
claim denial by the Committee.  Such
request shall be made in writing and shall be presented to the Committee not
more than 60 days after receipt by the Claimant of notification of the denial
of a claim.  If written request for
review is not made within such 60-day period, the Claimant shall forfeit his or
her right to review.  The Claimant shall
be provided, 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.  The Claimant shall
also have the opportunity to submit written comments, documents, records, and
other information relating to the claim for benefits, and the Committee shall
take into account all such information submitted without regard to whether such
information was submitted or considered in the initial benefit determination.

(c)           Review
of Claim.

The Committee shall make its decision on review not
later than 60 days after receipt of the Claimant’s request for review, unless
special circumstances require an extension of time, in which case notice of the
extension and circumstances shall be provided to the Claimant prior to the termination
of the initial 60-day period and a decision shall be rendered as soon as
possible but not later than 120 days after receipt of the request for review;
provided, however, in the event the Claimant fails to submit information
necessary to make a benefit determination on review, such period shall be
tolled from the date on which the extension notice is sent to the Claimant
until the date on which the Claimant responds to the request for additional
information.  The decision on review
shall be written or electronic and, in the case of an adverse determination,
shall include specific reasons for the decision, written in a manner calculated
to be understood by the Claimant, and specific references to the pertinent Plan
provisions on which the decision is based. 
The decision on review shall also include (i) a statement that the
Claimant is entitled to receive, upon request and free of charge, reasonable
access to, and copies of, all documents, records, or other information relevant
to the Claimant’s claim for benefits; and (ii) a statement describing any
voluntary appeal procedures offered by the Plan, and a statement of the
Claimant’s right to bring an action under §502(a) of ERISA.

 44
 

 

(d)           Regulations.

The claims procedure of this Plan also shall be administered
in accordance with the claims procedure regulations of the Department of Labor
set forth in 29 C.F.R. §2560.503-1. 
Notwithstanding any provision of Section 10.5 or of this Section 10.6 to
the contrary, to the extent such regulations so require, determinations as to
whether Plan provisions regarding Disability apply to a Participant shall be
made in accordance with the Department of Labor’s claims procedure regulations
applicable to claims for disability benefits, and any such determination shall
be made by (i) one member of the Committee in the case of an initial claim, and
(ii) the remaining members of the Committee in the case of the review of a
denied claim.

(e)           Exhaustion
of Remedies.

A claimant shall have no right to bring any action in
any court regarding a claim for benefits prior to filing a claim for benefits
and exhausting his or her rights to review under this Section 10.6 in
accordance with the time frames set forth herein.

10.7         Arbitration.

Any controversy or
claim arising out of or relating to this Plan which is asserted by any person
as an employee, a former employee, a Participant, or a Beneficiary of Plan
benefits, may be settled by arbitration in accordance with the Commercial Rules
of the American Arbitration Association, and judgment upon the award rendered
by the arbitrator shall be entered in a court having jurisdiction thereof.  All such arbitration cases shall be heard by
an attorney licensed in the jurisdiction where the arbitration hearing is to
occur.  Notwithstanding the foregoing, a
claimant shall have no right to arbitration under this Section 10.7 prior to
filing a claim for benefits and exhausting his or her rights to review under
Section 10.6 in accordance with the time frames set forth therein.

10.8         Plan Administration - Miscellaneous.

(a)           Limitations
on Assignments.

Benefits under the Plan may not be assigned, sold,
transferred, or encumbered, and any attempt to do so shall be void.  The interest of a Participant in benefits
under the Plan shall not be subject to debts or liabilities of any kind and
shall not be subject to attachment, garnishment, or other legal process, except
as provided in Section 10.9 relating to Qualified Domestic Relations
Orders.  This paragraph (a) shall not
prevent the offset of a Participant’s benefits against an amount that the
Participant is ordered or required to pay to the Plan to the extent permitted
under section 401(a)(13)(C) of the Code.

 45
 

 

(b)           Masculine
and Feminine, Singular and Plural.

Whenever used herein, pronouns shall include any applicable
gender, and the singular shall include the plural and vice versa whenever the
context shall plainly so require.

(c)           No
Additional Rights.

No person shall
have any rights in or to the Fund, or any part thereof, or under the Plan,
except as, and only to the extent, expressly provided for in the Plan.  Neither the establishment of the Plan, the
granting of a retirement allowance, nor any action of the Employer or the
Committee shall be held or construed to confer upon any person any right to be
continued as an employee, or, upon dismissal, any right or interest in the Fund
other than as herein provided.  The
Employer expressly reserves the right to discharge any employee at any time.

(d)           Governing
Law.

This Plan shall be construed in accordance with applicable
Federal law and the laws of the Commonwealth of Pennsylvania (without reference
to the principles of conflict of laws), wherein venue shall lie for any dispute
arising hereunder.

(e)           Disclosure
to Participants.

Each Participant
shall be advised of the general provisions of the Plan and, upon written
request addressed to the Committee, shall be furnished any information
requested regarding the Participant’s status, rights, and privileges under the
Plan as may be required by law.

(f)            Income
Tax Withholding Requirements.

Any retirement
benefit payment made under the Plan shall be subject to any applicable income
tax withholding requirements.  For this
purpose, the Committee shall provide the Funding Agent with any information the
Funding Agent needs to satisfy such withholding obligations and with any other
information that may be required by regulations promulgated under the Code.

(g)           Severability.

If any provision
of this Plan shall be held illegal or invalid for any reason, such
determination shall not affect the remaining provisions of this Plan, which
shall be construed as if said illegal or invalid provision had never been
included.

 46
 

 

(h)           Facility
of Payment.

In the event any
benefit under this Plan shall be payable to a person who is under legal
disability or is in any way incapacitated so as to be unable to manage his or
her financial affairs, the Committee may direct payment of such benefit to a
duly appointed guardian, committee, or other legal representative of such
person, or, in the absence of a guardian or legal representative, to a
custodian for such person under a Uniform Gifts to Minors Act or to any
relative of such person by blood or marriage, for such person’s benefit.  Any payment made in good faith pursuant to
this provision shall fully discharge the Employer and the Plan of any liability
to the extent of such payment.

(i)            Correction
of Errors.

Any Employer
contribution to the Fund made under a mistake of fact (or investment proceed of
such contribution if a lesser amount) shall be returned to the Employer within
one year after payment of the contribution.

In the event an
incorrect amount is paid to a Participant or Beneficiary, any remaining
payments may be adjusted to correct the error. 
The Committee may take such other action it deems necessary and
equitable to correct any such error.

(j)            Military
Service.

Notwithstanding
any provision of this Plan to the contrary, contributions, benefits, and
service credit with respect to qualified military service shall be provided in
accordance with section 414(u) of the Code.

(k)           EGTRRA
Amendments.

Certain provisions
of the Plan as amended and restated herein are adopted to reflect provisions of
the Economic Growth and Tax Relief Reconciliation Act of 2001 (“EGTRRA”).  Such provisions are intended as good faith
compliance with the requirements of EGTRRA and are to be construed in
accordance with EGTRRA and guidance issued thereunder.

10.9         Qualified Domestic Relations Orders.

Notwithstanding any Plan provisions to the contrary,
benefits under the Plan may be paid to someone other than the Participant,
Beneficiary, or joint annuitant, pursuant to a Qualified Domestic Relations
Order, in accordance with section 414(p) of the Code.  A Qualified Domestic Relations Order is one
that:

(a)           Relates to the provision of child
support, alimony payments, or marital property rights to a Spouse, former
Spouse, child, or other dependent of a Participant;

 47
 

 

(b)           Is made pursuant to a state domestic
relations law (including a community property law);

(c)           Creates or recognizes the existence
of an alternate payee’s right to, or assigns to an alternate payee the right
to, receive all or a portion of the benefits payable to a Participant under the
Plan;

(d)           Specifies the name and last known
address of the Participant and each alternate payee;

(e)           Specifies the amount or method of
determining the amount of benefit payable to an alternate payee;

(f)            Specifies the number of payments or
period during which payments are to be made;

(g)           Names each plan to which the order
applies;

(h)           Does not require any form, type, or
amount of benefit not otherwise provided under the Plan; and

(i)            Does not conflict with a prior
Qualified Domestic Relations Order that meets the requirements of this Section
10.9.

Payments to an alternate payee pursuant to a Qualified
Domestic Relations Order may commence at the earliest date on which a
Participant is eligible to elect an Early Retirement Date, regardless of
whether the Participant continues working after that date.

The Committee shall determine whether an order meets
the requirements of this Section 10.9 within a reasonable period after
receiving an order.  The Committee shall
notify the Participant and any alternate payee that an order has been received
and shall establish a separate account under the Plan for any alternate payee
pending determination that an order meets the requirements of this Section
10.9.

10.10       Plan
Qualification.

Any modification or amendment of the Plan may be made
retroactive, as necessary or appropriate, to establish and maintain a “qualified
plan” pursuant to section 401 of the Code and ERISA and regulations thereunder
and to maintain the exempt status of the Fund under section 501 of the Code.

 48
 

 

10.11       Deductible
Contribution.

Notwithstanding anything herein to the contrary, any
contribution by the Employer to the Fund is conditioned upon the deductibility
of the contribution by the Employer under the Code and, to the extent any such
deduction is disallowed, the Employer may within one year following a final
determination of the disallowance, demand repayment of such disallowed
contribution and the Funding Agent shall return such contribution less any
losses attributable thereto within one year following the disallowance.

10.12       Action by VWR.

Any action
required to be taken by VWR under the Plan, including the amendment or
termination of the Plan under Section 11, shall be taken pursuant to a
written resolution of the Board of Directors of VWR.

 

 49

 

SECTION 11

AMENDMENT AND TERMINATION

11.1         Amendment — General.

VWR
shall have the right to amend, terminate, or partially terminate this Plan at
any time subject to any advance notice or other requirements of ERISA.  No amendment shall decrease a Participant’s
accrued benefit.

11.2         Amendment — Consolidation or Merger.

In the
event this Plan, its assets, and its liabilities are merged into, transferred
to, or otherwise consolidated with any other retirement plan, then such must be
accomplished so as to ensure that each Participant would (if the other
retirement plan then terminated) receive a benefit immediately after the
merger, transfer, or consolidation which is equal to or greater than the
benefit the Participant would have been entitled to receive immediately before
the merger, transfer, or consolidation (as if the Plan had then
terminated).  This provision shall not be
construed as limiting the powers of VWR to appoint a successor Funding Agent.

11.3         Termination of the Plan.

The
termination of the Plan shall not cause or permit any part of the Fund to be
diverted to purposes other than for the exclusive benefit of the Participants
and their Beneficiaries, or cause or permit any portion of the Fund to revert
to or become the property of the Employer at any time prior to the satisfaction
of all liabilities with respect to the Participants.

Upon
termination of this Plan, the Committee shall continue to act for the purpose
of complying with the preceding paragraph and shall have all power necessary or
convenient to the winding up and dissolution of the Plan as herein
provided.  While so acting, the Committee
shall be in the same status and position with respect to other persons as if
the Plan remained in existence.

11.4         Allocation of the Fund on
Termination of Plan.

In the
event of a complete Plan termination, the right of each Participant to benefits
accrued to the date of such termination that would be vested under the
provisions of the Plan in the absence of such termination shall continue to be
vested and nonforfeitable; and the right of each Participant to any other
benefits accrued to the date of termination shall be fully vested and
nonforfeitable to the extent then funded under the priority rules set forth in
section 4044 of ERISA.  In any event, a
Participant or a Beneficiary shall have recourse only against Plan assets for
the payment of benefits thereunder, subject to any applicable guarantee
provisions of Title IV of ERISA.  The
Committee shall direct the Funding Agent to allocate Fund assets to those
affected Participants to the extent and in the order of preference set forth in
section 4044 of

 50
 

 

ERISA.  The assets so allocated shall be distributed,
in the discretion of the Committee, either wholly or in part by purchase of
nontransferable annuity contracts or lump-sum payments.  If Fund assets as of the date of Plan
termination exceed the amounts required under the priority rules set forth in
section 4044 of ERISA, such excess shall, after all liabilities of the Plan
have been satisfied, revert to the Employer to the extent permitted by
applicable law.

If at
any time the Plan is terminated with respect to any group of Participants under
such circumstances as to constitute a partial Plan termination within the
meaning of section 411(d)(3) of the Code, each affected Participant’s right to
benefits that have accrued to the date of partial termination that would be
vested under the provisions of the Plan in the absence of such termination
shall continue to be so vested; and the right of each affected Participant to
any other benefits accrued to the date of such termination shall be vested to
the extent then funded under the priority rules set forth in section 4044 of
ERISA in the event of a complete Plan termination.  In any event, affected Participants shall
have recourse only against Plan assets for payment of benefits thereunder,
subject to any applicable guarantee provisions of Title IV of ERISA.  Subject to the foregoing, the vested benefits
of such Participants shall be payable as though such termination had not
occurred; provided, however, that the Committee, in its discretion, subject to
any necessary governmental approval, may direct that the amounts held in the
Fund that are allocable to the Participants as to whom such termination
occurred be segregated by the Funding Agent as a separate plan.  The assets thus allocated to such separate
plan shall be applied for the benefit of such Participants in the manner
described in the preceding paragraph.

 51
 

 

SECTION 12

FUNDING

12.1         Contributions to the Fund.

As a
part of this Plan VWR shall maintain a Fund. 
From time to time, the Employer shall make such contributions to the
Fund as it determines, with the advice of its actuary, are required to maintain
the Plan on a sound actuarial basis.

12.2         Fund for Exclusive Benefit of
Participants and Beneficiaries.

The
Fund is for the exclusive benefit of Participants and their Beneficiaries.  Except as provided in Sections 10.8(i) and
10.11, no portion of the Fund shall be diverted to purposes other than this or
revert to or become the property of the Employer at any time prior to the
satisfaction of all liabilities with respect to the Participants.

12.3         Disposition of Credits and
Forfeitures.

In no
event shall any credits or forfeitures which may arise under the Plan be used
to increase benefits under the Plan.

12.4         Funding Agent.

As a
part of this Plan, VWR has entered into an agreement with a Funding Agent.  VWR has the power and duty to appoint the
Funding Agent and it shall have the power to remove the Funding Agent and
appoint successors at any time.  As a
condition to exercising its power to remove any Funding Agent hereunder, VWR
must first enter into an agreement with a successor Funding Agent.

12.5         Investment Manager.

VWR has the power
to appoint an Investment Manager to invest a portion of the Fund held by the
Funding Agent.

 52
 

 

SECTION 13

FIDUCIARIES

13.1         Limitation of Liability of the
Employer and Others.

No
Participant shall have any claim against the Employer, or the Committee, or
against their directors, officers, members, agents, or representatives, for any
benefits under the Plan, and such benefits shall be payable solely from the
Fund; nor shall the Employer, the Committee, or their directors, officers,
members, agents, or representatives incur any liability to any person for any
action taken or suffered or omitted to be taken by them under the Plan in good
faith.

13.2         Indemnification of Fiduciaries.

In
order to facilitate the recruitment of competent fiduciaries, the Employer
adopting this Plan agrees to provide the indemnification as described
herein.  This provision shall apply to
employees who are considered Plan fiduciaries including, without limitation,
Committee members, any agent of the Committee, or any other officers,
directors, or employees.  Notwithstanding
the preceding, this provision shall not apply and indemnification shall not be
provided for any Funding Agent or Investment Manager appointed as provided in
this Plan.

13.3         Scope of Indemnification.

The
Employer agrees to indemnify an employee fiduciary as described above for all
acts taken in good faith in carrying out his or her responsibilities under the
terms of this Plan or other responsibilities imposed upon such fiduciary by
ERISA or regulations promulgated thereunder. 
If an employee fiduciary is sued in connection with his or her acts as a
fiduciary, the employee shall tender the defense of the claim to the Employer.

IN
WITNESS WHEREOF, VWR International, Inc. has caused this
amendment and restatement of the VWR International, Inc. Retirement Plan to be
duly executed on this                      
day of                                               ,
2006.

	
  Attest:

  	
   

  	
  VWR INTERNATIONAL, INC.

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
  By: 

  	
   

  	
   

  	
  By: 

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  [Corporate Seal]

  	
   

  	
   

  

 

 53

 

APPENDIX A

FORMER VAN WATERS & ROGERS PROFIT SHARING PLAN
PARTICIPANTS

1.1           General.  The following provisions shall apply only to
VWR International, Inc. Retirement Plan (“this Plan”) Participants who were
participants in the VW&R Profit Sharing Plan on February 29, 1968.

1.2           Determination of Account Balances.  The value of a person’s VW&R Profit
Sharing Plan account as of any date shall be determined by multiplying the
number of units credited to his or her account as of February 29, 1968, by the
value of each unit on such valuation date. 
The value of each unit on any valuation date shall be determined by
dividing the market value of the VW&R Profit Sharing Plan Fund as of the
valuation date by the number of units credited to former participants in the VW&R
Profit Sharing Plan who are active Participants in this Plan.

1.3           Retirement or Termination Where
Participant is Qualified for Benefits Under This Plan.  In the event of retirement or termination
from service of a participant in the VW&R Profit Sharing Plan at a time
when such participant is entitled to benefits under this Plan (herein referred
to as an active participant), the participant shall be given the option
of:  (a) receiving benefits to which the
participant would otherwise be entitled under this Plan without reference to
participation under said profit sharing plan, or (b) receiving benefits
calculated according to Section 1.2 above, plus benefits under this Plan
computed as the product of (i) and (ii) below:

(i)            Being a fraction, the numerator being
the participant’s completed and fractional years of credited service subsequent
to February 29, 1968, and the denominator being the participant’s completed and
fractional years of credited service at termination;

(ii)           Being the total benefit as described
in (a) above.

Upon such
termination, the value of said participant’s account in the VW&R Profit
Sharing Fund shall be used to provide the benefits to which he or she is
entitled under (a) or (b) of this Section 1.3, to the extent that his or her
account balance in said fund is adequate to provide these benefits.

In the
event said participant’s account in the VW&R Profit Sharing Plan Fund
determined as of the valuation date applicable to such participant exceeds the
actuarial value of benefits equal to benefits under paragraph (a) above less
benefits under paragraph (b) above (that is to say, the benefits under this
Plan with respect to credited service prior to March 1, 1968), said participant
shall be entitled to receive a benefit under this Plan based upon service
rendered prior to March 1, 1968, which is equal to the benefit which can be
provided by participant’s

 A-1
 

 

account balance
determined, as previously mentioned, as of the valuation date applicable to
such participant and the benefit mentioned in paragraph (b) above.

1.4           Retired Nonparticipating and
Vested Participants.  With respect to
retired or nonparticipating vested participants in the VW&R Profit Sharing
Plan as of February 29, 1968, the funding agency or agencies under this Plan
shall retain in trust the amounts needed to continue payments in accordance
with the provisions of that Plan.

1.5           Death of Participant.  In the event of the death of a Participant
who was a participant in the VW&R Profit Sharing Plan prior to distribution
to the Participant of his or her entire beneficial interest generated by such
plan, the full remaining value of such interest shall be distributed in a lump
sum to his or her beneficiary designated by such Participant in writing.  The beneficiary or beneficiaries designated
by a Participant may be changed at any time and from time to time at the
election of the Participant, but only by his or her filing with the committee a
new designation and revoking all prior designations.  If no such designation of beneficiary is filed,
or if the designated beneficiary shall predecease the Participant, or, having
survived the Participant, shall die prior to the final and complete
distribution of the Participant’s participating interest, the undistributed
portion of such interest shall be distributed to the Participant’s personal
representative.

1.6           Permanent Disability.  Any amounts distributable to a participant in
said profit sharing plan by virtue of permanent Disability shall,
notwithstanding any provision hereof to the contrary, be distributable to said
participant in accordance with the original tenor of that plan.

1.7           Valuation Date.  The valuation dates for purposes of
determining the unit value of units held by participants in the former VW&R
Profit Sharing Plan shall be the last days of December and June of each year.

1.8           VW&R Profit Sharing Plan Fund.  The VW&R Profit Sharing Plan Fund shall
mean the fund held for the exclusive benefit of participants of the VW&R
Profit Sharing Plan (and their beneficiaries) who have not previously become
entitled to benefits under Section 1.3 above.

1.9           Number of Units at a Valuation
Date.  The number of units at any
valuation date is equal to the number of units at the prior valuation date
reduced by the number of units used to provide benefits under Section 1.3
above.

1.10         Reduction in VW&R Profit Sharing
Plan Fund.  The VW&R Profit
Sharing Plan Fund shall be reduced as benefit payments are made or are provided
for in accordance with Section 1.3 above.

 A-2

 

APPENDIX B

FORMER PARTICIPANTS OF UNION PLANS

1.1           In General.  If a Participant was formerly covered by a
collective bargaining agreement with the Employer that did not provide for
retirement benefits under this Plan, the period of employment covered by the
collective bargaining agreement shall be included in determining Years of
Service under this Plan for all purposes, subject to any applicable limits set
forth in the Plan.  However, except as
provided in Section 1.2 below, the benefit payable from this Plan shall be
reduced by any benefits from a collectively bargained plan which are
attributable to Employer contributions on the Participant’s behalf.

1.2           Special Provisions Regarding the
VWR Corporation Pension Plan for Hourly Employees (Skokie Plant).

(a)           Background.  VWR maintained the VWR Corporation Pension
Plan for Hourly Employees (Skokie Plant) (the “Hourly Plan”) for the benefit of
employees at the Skokie Plant who are covered by the collective bargaining
agreement between VWR and the United Paper Workers International Union AFL-CIO
Local 325 (“Local 325”).  Effective
November 19, 1996, Local 325 members ceased to be employed at the Skokie
Plant.  Therefore, in accordance with the
terms of the Hourly Plan, no employee accrued a benefit under the Hourly Plan
with respect to service completed on and after November 19, 1996.

(b)           Merger of Plans.  Effective December 31, 1997, the Hourly Plan
was merged with and into this Plan, and the trust established under the Hourly
Plan was merged with and into the Fund.

(c)           Retirees and Vested Terminated
Participants.  Benefits payable on
and after January 1, 1998, under the terms of the Hourly Plan as in effect
on December 31, 1997, to participants who retired or otherwise separated
from service with a vested right to a benefit prior to November 20, 1996,
or to their beneficiaries (“Transferred Pensioners”), shall be paid from this
Plan in accordance with the terms of the Hourly Plan applicable to such
payments as of December 31, 1997 (except to the extent that the provisions
of this Plan are required to apply to any such payments in order to comply with
applicable laws and regulations).  The
Transferred Pensioners who were receiving a monthly pension from the Hourly
Plan as of November 19, 1996, the amount of such benefits, and the form of
such benefits, are set forth in Exhibit I. 
The accrued benefits under the Hourly Plan of Transferred Pensioners who
were not receiving a monthly pension from the Hourly Plan as of November 19,
1996, are set forth in Exhibit II.

(d)           Hourly Plan Participants Who Were
Active Employees on November 20, 1996. 
The following rules shall apply to each person who was an Eligible

 B-1
 

 

Employee on November 20, 1996, and who was a
participant in the Hourly Plan as of November 19, 1996 (a “Former Skokie
Employee”):

(i)            Accrued Benefit.  The accrued benefit of a Former Skokie
Employee under this Plan shall be determined under the formula specified in
Section 4.1 of the Plan; provided, however, that the Accrued Benefit of a
Former Skokie Employee shall not be less than his or her accrued benefit under
the Hourly Plan on November 19, 1996, as set forth in
Exhibit II.  Any section 411(d)(6)
protected benefit (within the meaning of Treas. Reg. §1.411(d)-4, Q&A-1)
that has accrued with respect to the benefits set forth in Exhibit II as of
December 31, 1997, shall not be reduced or eliminated with respect to such
benefits, except as provided in regulations and rulings issued pursuant to
section 411(d)(6) of the Code.  Such
section 411(d)(6) protected benefits shall be determined by reference to the
terms of the Hourly Plan as of December 31, 1997 (except to the extent
that the provisions of this Plan are required to apply in order to comply with
applicable laws and regulations).

(ii)           Period of Service.  In addition to the service described in
Section 1.1 above, a Former Skokie Employee who participated in the
Sargent-Welch Pension Plan for Hourly Employees (Skokie Plant) on
September 17, 1989, shall be given credit for his or her years of service
under that plan to determine his or her Periods of Service solely for purposes
of determining his or her vesting and eligibility for early retirement under
this Plan.  No credit shall be given for
such service for purposes of determining benefits under this Plan.

 B-2
 

 

EXHIBIT I

Transferred Pensioners Receiving a Benefit Under the

VWR Corporation Pension Plan for Hourly Employees as of November 19, 1996

	
  NAME

  	
   

  	
  SEX

  	
   

  	
  

  DATE OF

  HIRE

  	
   

  	
  DATE OF

  MEMBERSHIP

  	
   

  	
  BENEFIT

  SERVICE

  	
   

  	
  

  ANNUAL

  ACCRUED

  BENEFIT

  
	
  Bliwas, Errol

  	
   

  	
  M

  	
   

  	
  06/14/82

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Camara, Yolanda

  	
   

  	
  F

  	
   

  	
  03/27/78

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Delaney, Bessie

  	
   

  	
  F

  	
   

  	
  08/24/70

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Jackson, Jessie M.

  	
   

  	
  M

  	
   

  	
  02/19/79

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Jochim, Glenn

  	
   

  	
  M

  	
   

  	
  11/26/79

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Johnson, Dorothy

  	
   

  	
  F

  	
   

  	
  04/13/70

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Krus, Mitchell

  	
   

  	
  M

  	
   

  	
  09/15/81

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Messina, Nagui Y.

  	
   

  	
  M

  	
   

  	
  08/31/78

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Metz Jr ., Fred

  	
   

  	
  M

  	
   

  	
  08/17/59

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Robinson, Chester

  	
   

  	
  M

  	
   

  	
  01/23/56

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Tatum, Hattie

  	
   

  	
  F

  	
   

  	
  09/05/67

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Thrawl, Jon C.

  	
   

  	
  M

  	
   

  	
  03/01/93

  	
   

  	
  03/01/93

  	
   

  	
  3.750

  	
   

  	
  900.00

  
	
  Wilson, Hester L.

  	
   

  	
  M

  	
   

  	
  08/21/69

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  
	
  Young, Alex

  	
   

  	
  M

  	
   

  	
  09/17/81

  	
   

  	
  10/01/89

  	
   

  	
  7.167

  	
   

  	
  1,720.08

  

 

 

EXHIBIT II

Accrued Benefit Under the VWR Corporation Pension Plan for Hourly
Employees

As of November 19, 1996 — Participants Not In Pay Status on November 19, 1996

	
  NAME

  	
   

  	
  SEX

  	
   

  	
  DATE OF

  RETIRE-

  MENT

  	
   

  	
  MONTHLY

  BENEFIT

  	
   

  	
  F

  O

  R

  M

  	
   

  	
  J

  &

  S

  	
   

  	
  PERIOD

  CERTAIN

  	
   

  	
  STATUS

  
	
  Duarte, Ruben E.

  	
   

  	
  M

  	
   

  	
  04/01/93

  	
   

  	
  70.00

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  14

  
	
  Goben, Ralph

  	
   

  	
  M

  	
   

  	
  05/01/96

  	
   

  	
  121.13

  	
   

  	
  CO

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  18

  
	
  Gold, Richard

  	
   

  	
  M

  	
   

  	
  05/01/93

  	
   

  	
  70.71

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  14

  
	
  Krus, Edmund

  	
   

  	
  M

  	
   

  	
  07/01/95

  	
   

  	
  115.00

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  14

  
	
  Lavender, Louis

  	
   

  	
  M

  	
   

  	
  12/01/96

  	
   

  	
  129.27

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  14

  
	
  Nicioli, Alda

  	
   

  	
  F

  	
   

  	
  12/01/96

  	
   

  	
  111.61

  	
   

  	
  J&S

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  14

  
	
  Parchin, Theresa

  	
   

  	
  F

  	
   

  	
  10/01/95

  	
   

  	
  98.48

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  14

  
	
  Rock, Mary

  	
   

  	
  F

  	
   

  	
  01/01/96

  	
   

  	
  99.40

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  14

  
	
  Shojot, Jose

  	
   

  	
  M

  	
   

  	
  03/01/96

  	
   

  	
  128.33

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  0

  	
   

  	
  13

  
	
  Snyder, John

  	
   

  	
  M

  	
   

  	
  05/01/93

  	
   

  	
  56.28

  	
   

  	
  J&S

  	
   

  	
  100

  	
   

  	
  0

  	
   

  	
  14

  
	
  Spinoso, Marie

  	
   

  	
  F

  	
   

  	
  09/01/93

  	
   

  	
  72.07

  	
   

  	
  LA

  	
   

  	
  0

  	
   

  	
  10

  	
   

  	
  14

  

 

 B-3

 

APPENDIX C

EMPLOYEES
TRANSFERRED IN SPINOFF FROM UNIVAR CORPORATION

In determining the
benefits of an employee who was transferred to the Employer on March 1, 1986,
in connection with the spinoff of Univar Corporation, all Periods of Service
under the Univar Corporation Retirement Plan shall be treated as Periods of
Service under this Plan for all purposes and all earnings received from Univar
Corporation shall be treated as earnings received from VWR International, Inc.

If a person is employed
on or before December 31, 1988, and immediately prior to being employed was
employed by Univar Corporation or any of its affiliates and had been so
employed since February 28, 1986, such person shall receive credit under this
Plan for all Periods of Service and Earnings under the Univar Corporation
Retirement Plan.  When such person is
100% vested under this Plan, the Trustee of the Univar Corporation Retirement
Plan shall transfer directly to the Trustee of this Plan the present value of
such person’s accrued benefit.  Such
person’s benefit under this Plan immediately after the transfer of funds shall
not be less than the benefit under both this Plan and the Univar Plan
immediately before the transfer of funds.

 C-1

 

APPENDIX D

FORMER EMPLOYEES
OF ACQUIRED COMPANIES

Any employee who was
employed by any of the companies listed below at the time either the company or
its assets were acquired by the Employer or Univar Corporation shall be given
credit for his or her Periods of Service with such company for purposes of
determining vesting and eligibility for early retirement under this Plan.  However, no credit shall be given for Periods
of Service with such company for purposes of determining benefits under this
Plan.

1.          Cogan & O’Brien Company, Inc.  Former Cogan & O’Brien Company, Inc.
employees began participating in the Plan on March 1, 1987.  Such employees who previously had Periods of
Service with Univar Corporation or any of its subsidiaries shall receive credit
for such Periods of Service for vesting and eligibility for early retirement
under this Plan as well as credit for Periods of Service with Cogan & O’Brien
Company, Inc. for such purposes.

2.          Roberts & Porter, Inc.  Former Roberts & Porter, Inc. employees
began participating in the Plan on March 1, 1987.

3.          Treck Photographic, Inc.  Accruals began as of November 1, 1975.

4.          Will Scientific. 
Accruals began as of January 6, 1970.

5.          A.J. Reynolds Company, LLC.  Accruals began as of June 9, 1998.

6.          HPC Scientific & Technology, Inc.  Accruals began as of July 1, 1998.

 

 D-1

 

APPENDIX E

TRANSFER OF
EMPLOYEES BETWEEN VWR SCIENTIFIC PRODUCTS CORPORATION

AND MOMENTUM DISTRIBUTION INC. PRIOR TO APRIL 1, 1992

If, at any time on or before March 31, 1992, a person
terminated employment with Momentum Distribution Inc. or any of its affiliates
(“Momentum”), and was thereafter immediately employed by an Employer under this
Plan, that person was credited under this Plan with all Periods of Service and
all Earnings with which he or she was credited under the Momentum Distribution
Inc. Retirement Plan (“Momentum Plan”) if such person was transferred from VWR
Scientific Products Corporation, or one of its affiliates, in the corporate
spinoff on March 1, 1990.  Such person’s
benefit under this Plan as described in this paragraph shall not be less than
the benefit under the Momentum Plan on his or her last day of employment with
Momentum.

 

 E-1

 

APPENDIX F

FORMER EMPLOYEES OF

BAXTER
INTERNATIONAL, INC.

If, at any time on
or after July 1, 1995, but before July 1, 1997, a person terminated
employment with Baxter International, Inc., or any of its affiliates (“Baxter”)
and was thereafter immediately employed by an Employer under this Plan, that
person shall be credited with all Periods of Service with Baxter for purposes
of determining vesting, eligibility to participate and eligibility for early
retirement under this Plan, but not for purposes of benefit accrual.

 

 F-1

 

APPENDIX G

FORMER
PARTICIPANTS IN

SCIENCE KIT, INC. RETIREMENT PLAN

1.1           Background.  Pursuant to an agreement dated as of July 21,
1998, VWR Scientific Products Corporation purchased the stock of Science Kit,
Inc. (“Science Kit”), and Central Scientific Company (“Central”).  Prior to October 1, 1998, Science Kit
maintained the Science Kit, Inc. Retirement Plan (the “Science Kit Plan”) for
the benefit of the eligible employees of Science Kit and Central.

1.2           Merger of Plans.  Effective October 1, 1998, the Science Kit
Plan was merged with and into this Plan, and the assets of the Science Kit Plan
became assets of the Fund.  Also
effective October 1, 1998, Science Kit and Central adopted the Plan on behalf
of their eligible employees.

1.3           Former Science Kit Participants.

(a)           Participation.  Each employee who was a participant in the
Science Kit Plan on September 30, 1998, became a Participant in this Plan as of
October 1, 1998, provided that on such date he or she was an Eligible Employee.  Each other employee who had service with
Science Kit, Central, or any affiliate thereof prior to October 1, 1998, and
who had completed at least one year of Credited Service for eligibility
purposes (after application of paragraph (b)(i) below) on or before October 1,
1998, became a Participant in this Plan as of October 1, 1998, provided that on
such date he or she was an Eligible Employee.

(b)           Service
Credit.

(i)            Eligibility.  For purposes of eligibility to participate,
the service crediting rules of this Plan shall apply, but all service prior to
October 1, 1998, with Science Kit, Central, or any affiliate thereof shall be
treated as service with the Employer.

(ii)           Vesting.  For purposes of vesting, the Period of
Service of a Participant who previously participated in the Science Kit Plan
shall not be less than the sum of:

(A)          The
number of years of service credited to the Participant for vesting purposes
under the Science Kit Plan as of August 31, 1998; plus

(B)           The
Participant’s Period of Service determined under this Plan, disregarding any
service prior to September 1, 1998.

 G-1
 

 

(iii)          Benefit
Accrual.  For purposes of determining
the amount of his or her accrued benefit under the Science Kit Plan as of
September 30, 1998, each Employee who was a Participant in the Science Kit Plan
as of September 1, 1998, and who was credited with at least 83-1/3
Hours-of-Service under the Science Kit Plan during the period from September 1,
1998, through September 30, 1998, shall be credited with 1/12 of a year of
Accrual Service under the Science Kit Plan for such period.  Service on and after October 1, 1998, shall
be credited in accordance with Section 1.9 of the Plan for accrual purposes.

(c)           Benefit
Accruals.  The Accrued Benefit of
each Participant who previously participated in the Science Kit Plan shall be
an amount equal to the sum of:

(i)            The
Participant’s accrued benefit under the Science Kit Plan as of September 30,
1998 (after the application of paragraph (b)(iii) above), determined as if he
or she had separated from service on such date; plus

(ii)           The
amount determined under Section 4.1 of the Plan, based solely on the
Participant’s Credited Service and Earnings on and after October 1, 1998;

provided, however, that such Participant’s Accrued Benefit shall in no
event be less than the actuarial equivalent of his or her “Vested Transfer
Value” (as defined in the Science Kit Plan as in effect on September 30, 1998),
determined as of the Participant’s Annuity Starting Date in accordance with the
rules for determining actuarial equivalence for such purpose under the
provisions of the Science Kit Plan as in effect on September 30, 1998.  For purposes of this Appendix G, the
Participant’s “Transferred Science Kit Benefit” shall be the greater of the
amount described in subparagraph (i) above or his or her Vested Transfer Value.

(d)           Vesting.  A Participant who has a Transferred Science
Kit Benefit shall be fully vested in his or her Accrued Benefit if he or she is
in the service of the Employer at or after age 60.

(e)           Preservation
of Protected Benefits.  The following
rules shall apply with respect to any Participant who has a Transferred Science
Kit Benefit:

(i)            Early
Commencement Prior to Date Generally Available Under Plan.  If such a Participant has reached age 60 and
has Terminated but is not eligible to receive an immediate retirement benefit
under Section 4 of the Plan or a deferred vested benefit under Section 7.2 of
the Plan, he or she may elect to commence receiving his or her Transferred
Science Kit Benefit, adjusted for commencement before or after the Participant’s
normal retirement date under the Science Kit Plan (the later of (i) the first
day of the month on or after age 65 or (ii) the fifth September 1 after
participation in the Science Kit Plan commenced), in accordance with the
provisions of the Science Kit Plan in effect on September 30, 1998.

 G-2
 

 

(ii)           Early
Commencement On or After Date Generally Available Under Plan.  If such a Participant has reached age 60, has
Terminated, and is eligible to receive an immediate retirement benefit under
Section 4 of the Plan or a deferred vested benefit under Section 7.2 of the
Plan, the benefit payable to the Participant under Section 4 or Section 7.2 of
the Plan shall not be less than his or her Transferred Science Kit Benefit
adjusted (in accordance with the provisions of the Science Kit Plan in effect
on September 30, 1998) for commencement before or after the Participant’s
Science Kit Plan normal retirement date, based on the Participant’s age at his
or her Annuity Starting Date.

(iii)          In-Service
Commencement.  If such a Participant
has reached his or her normal retirement date under the Science Kit Plan but
has not Terminated, the Participant may elect to commence receiving his or her
Transferred Science Kit Benefit, adjusted if necessary for commencement after
the Participant’s normal retirement date under the Science Kit Plan, in
accordance with the provisions of the Science Kit Plan in effect on September
30, 1998.

(iv)          Adjustment
of Accrued Benefit.  If a Participant
receives a distribution of his or her Transferred Science Kit Benefit pursuant
to subparagraph (i) or (iii) above, the Participant’s remaining Accrued Benefit
shall thereafter be reduced by the amount of the Participant’s Transferred
Science Kit Benefit.

(v)           Deferred
Commencement.  Such a Participant may
elect to defer commencement of his or her Transferred Science Kit Benefit
payments under the Plan until a date not later than the later of the first day
of the month coinciding with or next following his or her Termination date or
April 1 following the calendar year in which the Participant reaches age
70-1/2.  Such payments shall be adjusted
for commencement after the Participant’s normal retirement date under the
Science Kit Plan, in accordance with the provisions of the Science Kit Plan in
effect on September 30, 1998 (or to any greater extent required under section
401(a)(9) of the Code to reflect commencement after age 70-1/2).  Distribution of the Participant’s Accrued
Benefit, to the extent it exceeds his or her Transferred Science Kit Benefit,
shall commence as of the date determined under Section 3 or Section 7.2 of the
Plan.

(vi)          Optional
Forms of Benefit.  Such Participant’s
Accrued Benefit shall be distributed in accordance with the provisions of
Section 5 of the Plan.  If such a
Participant receives his or her Accrued Benefit in any form in which he or she
could have received such benefit on his or her Annuity Starting Date under the
provisions of the Science Kit Plan in effect on September 30, 1998, other than
in the form of a lump-sum distribution, the amount paid in such form shall not
be less than the actuarial equivalent of his or her Transferred Science Kit
Benefit, determined in accordance with the rules for determining actuarial
equivalence for such purpose under the provisions of the Science Kit Plan as in
effect on September 30, 1998.  In
addition, such Participant shall have

 G-3
 

 

the right to receive his or her Transferred Science Kit Benefit in any
optional form of payment which was available for distribution under the Science
Kit Plan as of September 30, 1998, subject to the requirements of Sections 3.4
and 5.2 of the Plan.  If such a
Participant elects to receive his or her Transferred Science Kit Benefit in the
form of a lump-sum distribution, the amount of such lump-sum distribution shall
be determined on the basis of the Applicable Mortality Table and the Applicable
Interest Rate; provided, however, that during the twelve-month period beginning
October 1, 1998, the interest rate or rates which would be used as of the
Annuity Starting Date by the PBGC for purposes of determining the present value
of such benefit if the Plan had then terminated with insufficient assets to
provide benefits guaranteed by the PBGC on such date shall be used in lieu of
the Applicable Interest Rate if such rate or rates produce a greater
benefit.  (The preceding sentence shall
not apply to involuntary cash-outs described in Section 5.6 of the Plan.)

This paragraph (e) is intended to comply with the requirements of
section 411(d)(6) of the Code, and shall not apply to the extent that section
411(d)(6) of the Code and regulations issued thereunder would permit the
elimination of any optional form of payment or other protected benefit.  (Thus, for example, the joint and 66-2/3%
survivor annuity shall not be available with respect to a Transferred Science
Kit Benefit.)

1.4           Retirees and Vested Terminated
Participants.  Benefits payable on
and after October 1, 1998, under the terms of the Science Kit Plan as in effect
on September 30, 1998, to participants who retired or otherwise separated from
service with a vested right to a benefit prior to October 1, 1998, or to their
beneficiaries, shall be paid from this Plan in accordance with the terms of the
Science Kit Plan applicable to such payments as of September 30, 1998 (except
to the extent that the provisions of this Plan are required to apply to any
such payments in order to comply with applicable laws and regulations).  For purposes of determining the amount of
benefits payable with respect to a participant who retired or otherwise
separated from service on or after September 1, 1998, but prior to October 1,
1998, the service crediting rule of Section 1.3(b)(iii) above shall apply.  Notwithstanding the foregoing, in the case of
a former participant in the Science Kit Plan whose benefit payments commence on
or after January 1, 2002, the joint and 66-2/3% survivor annuity form of
payment shall not be available.

 

 G-4

 

APPENDIX H

FORMER
PARTICIPANTS IN

WARD’S NATURAL SCIENCE

ESTABLISHMENT, INC. RETIREMENT PLAN

1.1           Background.  Pursuant to an agreement dated as of July 21,
1998, VWR Scientific Products Corporation purchased the stock of Ward’s Natural
Science Establishment, Inc. (“Ward’s”). 
Prior to October 1, 1998, Ward’s maintained the Ward’s Natural Science
Establishment, Inc. Retirement Plan (the “Ward’s Plan”) for the benefit of its
eligible employees.

1.2           Merger of Plans.  Effective October 1, 1998, the Ward’s Plan
was merged with and into this Plan, and the assets of the Ward’s Plan became
assets of the Fund.  Also effective
October 1, 1998, Ward’s adopted the Plan on behalf of its eligible employees.

1.3           Former Ward’s Participants.

(a)           Participation.  Each employee who was a participant in the
Ward’s Plan on September 30, 1998, became a Participant in this Plan as of
October 1, 1998, provided that on such date he or she was an Eligible
Employee.  Each other employee who had
service with Ward’s or any affiliate thereof prior to October 1, 1998, and who
had completed at least one year of Credited Service for eligibility purposes
(after application of paragraph (b)(i) below) on or before October 1, 1998,
became a Participant in this Plan as of October 1, 1998, provided that on such
date he or she was an Eligible Employee.

(b)           Service
Credit.

(i)            Eligibility.  For purposes of eligibility to participate,
the service crediting rules of this Plan shall apply, but all service prior to
October 1, 1998, with Ward’s or any affiliate thereof shall be treated as
service with the Employer.

(ii)           Vesting.  For purposes of vesting, the Period of
Service of a Participant who previously participated in the Ward’s Plan shall
not be less than the sum of:

(A)          The
number of years of service credited to the Participant for vesting purposes
under the Ward’s Plan as of February 28, 1998; plus

(B)           The
Participant’s Period of Service determined under this Plan, disregarding any
service prior to March 1, 1998; provided that (i) all service prior to October
1, 1998, with Ward’s or any affiliate thereof shall be treated as service with
the Employer, and (ii) if the

 H-1
 

 

Participant completed 1,000 Hours-of-Service under the
Ward’s Plan during the period from March 1, 1998, through September 30, 1998,
the entire period from March 1, 1998, through February 28, 1999, shall be
treated as a Period of Service.

For purposes of (A) above, service shall not be taken into account to
the extent it would have been disregarded as of September 30, 1998 (or, in the
case of a Participant not in service on September 30, 1998, the date on which
the Participant first completes an Hour of Service after September 30, 1998),
under the break-in-service rules under the Ward’s Plan as in effect on
September 30, 1998.

(c)           Benefit
Accruals.  The Accrued Benefit of
each Participant who previously participated in the Ward’s Plan shall be an
amount equal to the sum of:

(i)            The
Participant’s accrued benefit under the Ward’s Plan as of September 30, 1998,
determined as if he or she had separated from service on such date (his or her “Transferred
Ward’s Benefit”); plus

(ii)           The
amount determined under Section 4.1 of the Plan, based solely on the
Participant’s Credited Service and Earnings on and after October 1, 1998.

(d)           Vesting.  A Participant who has a Transferred Ward’s
Benefit shall be fully vested in his or her Accrued Benefit if he or she is in
the service of the Employer at or after age 60.

(e)           Preservation
of Protected Benefits.  The following
rules shall apply with respect to any Participant who has a Transferred Ward’s
Benefit:

(i)            Early
Commencement Prior to Date Generally Available Under Plan.  If such a Participant has reached age 60 and
has Terminated but is not eligible to receive an immediate retirement benefit
under Section 4 of the Plan or a deferred vested benefit under Section 7.2 of
the Plan, he or she may elect to commence receiving his or her Transferred Ward’s
Benefit, adjusted if necessary for commencement before age 65, in accordance
with the provisions of the Ward’s Plan in effect on September 30, 1998.

(ii)           Early
Commencement On or After Date Generally Available Under Plan.  If such a Participant has reached age 60, has
Terminated, and is eligible to receive an immediate retirement benefit under
Section 4 of the Plan or a deferred vested benefit under Section 7.2 of the
Plan, the benefit payable to the Participant under Section 4 or Section 7.2 of
the Plan shall not be less than his or her Transferred Ward’s Benefit adjusted
(in accordance with the provisions of the Ward’s Plan in effect on September
30, 1998) for commencement before age 65, based on his or her age at his or her
Annuity Starting Date.

 H-2
 

 

(iii)          In-Service
Commencement.  If such a Participant
has reached age 65 but has not Terminated, the Participant may elect to
commence receiving his or her Transferred Ward’s Benefit in accordance with the
provisions of the Ward’s Plan in effect on September 30, 1998.

(iv)          Adjustment
of Accrued Benefit.  If a Participant
receives a distribution of his or her Transferred Ward’s Benefit pursuant to
subparagraph (i) or (iii) above, the Participant’s remaining Accrued Benefit
shall thereafter be reduced by the amount of the Participant’s Transferred Ward’s
Benefit.

(v)           Deferred
Commencement.  Such a Participant may
elect to defer commencement of his or her Transferred Ward’s Benefit payments
under the Plan until a date not later than the later of the first day of the
month coinciding with or next following his or her Termination date or April 1
following the calendar year in which the Participant reaches age 70-1/2.  Such payments shall be Actuarially adjusted,
to the extent required under section 401(a)(9) of the Code, to reflect
commencement after age 70-1/2. 
Distribution of the Participant’s Accrued Benefit, to the extent it
exceeds his or her Transferred Ward’s Benefit, shall commence as of the date
determined under Section 3 or Section 7.2 of the Plan.

(vi)          Optional
Forms of Benefit.  Such Participant’s
Accrued Benefit shall be distributed in accordance with the provisions of
Section 5 of the Plan.  If such a
Participant receives his or her Accrued Benefit in any form in which he or she
could have received such benefit on his or her Annuity Starting Date under the
provisions of the Ward’s Plan in effect on September 30, 1998, the amount paid
in such form shall not be less than the actuarial equivalent of his or her
Transferred Ward’s Benefit, determined in accordance with the rules for
determining actuarial equivalence for such purpose under the provisions of the
Ward’s Plan as in effect on September 30, 1998.

This paragraph (e) is intended to comply with the requirements of
section 411(d)(6) of the Code, and shall not apply to the extent that section
411(d)(6) of the Code and regulations issued thereunder would permit the elimination
of any optional form of payment or other protected benefit.  (Thus, for example, the joint and 66-2/3%
survivor annuity shall not be available with respect to a Transferred Ward’s
Benefit.)

1.4           Retirees and Vested Terminated
Participants.  Benefits payable on
and after October 1, 1998, under the terms of the Ward’s Plan as in effect on
September 30, 1998, to participants who retired or otherwise separated from
service with a vested right to a benefit prior to October 1, 1998, or to their
beneficiaries, shall be paid from this Plan in accordance with the terms of the
Ward’s Plan applicable to such payments as of September 30, 1998 (except to the
extent that the provisions of this Plan are required to apply to any such
payments in order to comply with applicable laws and regulations).  Notwithstanding the foregoing, in the case of
a former participant in the Ward’s Plan whose benefit payments commence on or
after January 1, 2002, the joint and 66-2/3% survivor annuity form of payment
shall not be available.

 

 H-3

 

APPENDIX I

FORMER EMPLOYEES
OF MERCK AND SUBSIDIARIES

Any individual
who, on or after January 1, 1995, but prior to June 1, 2005, transfers directly
from employment with Merck KGaA, Darmstadt, Germany (“Merck”), or any entity
which is a direct or indirect subsidiary of Merck (collectively, the “Merck
Companies”), to employment with the Employer, shall be given credit for his or
her service with the Merck Companies (including service prior to the date on
which VWR became an affiliate of Merck) for purposes of determining eligibility
to participate, vesting, and eligibility for early retirement under the
Plan.  Service with the Merck Companies
shall not be counted for benefit accrual purposes except as otherwise provided
in the Plan.

 I-1Exhibit
10.8(b)

AMENDMENT
NO. 1

TO THE

VWR INTERNATIONAL, INC. RETIREMENT PLAN

(As
Amended and Restated Effective June 1, 2005)

WHEREAS, VWR
International, Inc. (“VWR”) maintains the VWR International, Inc. Retirement
Plan (the “Plan”) for the benefit of its selected employees; and

WHEREAS, the
Plan was most recently amended and restated effective June 1, 2005, in order to
freeze benefit accruals thereunder; and

WHEREAS, pursuant
to an arbitration decision and award dated October 18, 2005, VWR desires to amend
the Plan to reinstate benefit accruals with respect to Teamsters Local Union
No. 676, International Brotherhood of Teamsters, AFL-CIO, effective
June 1, 2005;

NOW,
THEREFORE, effective June 1, 2005, the Plan is hereby amended
as follows:

1.             A new Section 1.6A is added to the Plan to read as
follows:

1.6A        Bridgeport
Employee means an Eligible Employee employed by VWR at its Bridgeport, New
Jersey, facility, the terms and conditions of whose employment are governed by
a collective bargaining agreement between VWR and Teamsters Local Union No.
676, International Brotherhood of Teamsters, AFL-CIO.

2.             Section 1.20 of the Plan is amended to read as follows:

1.20         Freeze
Date means May 31, 2005; provided that (i) in the case of a Grandfathered
Participant, “Freeze Date” shall mean May 31, 2008, or, if earlier, the
Grandfathered Participant’s date of Termination; and (ii) in the case of a
Bridgeport Employee, “Freeze Date” shall mean the Bridgeport Employee’s date of
Termination.

3.             Section 1.24 of the Plan is amended to read as follows:

1.24         Grandfathered
Participant means a Participant (other than a Bridgeport Employee) who is
an Eligible Employee as of June 1, 2005, who has at least a ten-year Period of
Service as of such date, and the sum of whose age and Period of Service as of
such date (in years and completed months) is at least 65.

 

4.             Section 2.1 of the Plan is amended
to read as follows:

2.1           Eligibility for Participation.

Each Bridgeport Employee shall become a Participant
under this Plan upon completing one year of Credited Service.  No other person shall become a Participant
under this Plan on or after June 1, 2005.

5.             Section 2.2 of the Plan is amended
to read as follows:

2.2           Reemployment
After a Termination.

Upon the reemployment of a Terminated former
Participant as a Bridgeport Employee, he or she shall immediately become a
Participant.  No other person who is
rehired on or after June 1, 2005, shall commence or resume participation in the
Plan.

6.             Section 4.5 of the Plan is amended to read as follows:

4.5           Reemployment
After Retirement.

Upon reemployment as a Bridgeport Employee, a
Participant shall continue to receive retirement benefits and resume accruing
benefits under the Plan.  A Participant
who is reemployed on or after June 1, 2005, other than a Bridgeport Employee,
shall continue to receive retirement benefits, but shall not resume accruing
benefits under the Plan.  A Participant
who was rehired prior to June 1, 2005, may continue accruing benefits until his
or her Freeze Date.

Benefits shall be adjusted to reflect additional
accruals (if any) to the extent required by ERISA and the Code.  At the Participant’s subsequent retirement,
benefits payable shall be based on his or her total Credited Service and
Earnings at the time of subsequent retirement (or the Participant’s Freeze
Date, if earlier), and shall be reduced by the Actuarial Equivalent value of
benefits previously received by the Participant, except as otherwise provided
in Section 5.6.  In no event shall the
benefit provided upon subsequent retirement be less than the initial retirement
benefit.

IN
WITNESS WHEREOF, VWR International, Inc. has caused this
Amendment No. 1 to be duly executed this        day
of               ,
2006.

	
  Attest:

  	
   

  	
  VWR INTERNATIONAL, INC.

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By:

  	
   

  

 

 

 2

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