Document:

Supplemental Indenture

 Exhibit 4.13 
 THIS SUPPLEMENTAL INDENTURE (this “Supplemental Indenture”), dated as of September 6, 2007, is between The Western Union Company, a Delaware corporation (the “Company”), and
Wells Fargo Bank, National Association, as trustee (the “Trustee”). 
 WHEREAS, the Company and the Trustee entered into an
Indenture dated as of November 17, 2006 (as supplemented, the “Indenture”); 
 NOW, THEREFORE, in consideration of the
premises and mutual covenants herein contained and intending to be legally bound, the parties to this Supplemental Indenture hereby agree as follows: 
 Section 1. Capitalized terms used herein and not otherwise defined herein are used as defined in the Indenture. 
 Section 2. Restricted Subsidiary. The definition of Restricted Subsidiary in Section 1.01 of the Indenture is hereby amended and restated in its entirety to read as follows: 
 “Restricted Subsidiary” means at any date, (a) any Subsidiary of the Company which, together with its Subsidiaries, (i) has a
proportionate share of Consolidated Net Assets that exceeds 10% at the time of determination or (ii) has equity in the Consolidated Net Income that exceeds 10% for the period of the four most recently completed fiscal quarters preceding the
time of determination or (b) any wholly-owned Subsidiary of the Company that at the time of determination shall be designated a Restricted Subsidiary by the Board of Directors (any wholly-owned Subsidiary of the Company designated as a
Restricted Subsidiary pursuant to this clause (b) is hereinafter referred to as a “Designated Restricted Subsidiary”). Any such designation by the Board of Directors shall be evidenced to the Trustee by promptly filing with the
Trustee a copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing provisions. At any time, the Board of Directors may designate any Designated
Restricted Subsidiary to no longer be a Restricted Subsidiary so long as (i) such Subsidiary is not a Restricted Subsidiary pursuant to clause (a) above and (ii) immediately after giving effect to such designation, (x) the
Company would be in compliance with any limitations on indebtedness specified pursuant to Section 2.03 with respect to any series of Securities and (y) no Event of Default shall have occurred and be continuing. Any such designation by the
Board of Directors shall be evidenced to the Trustee by promptly filing with the Trustee a copy of the Board Resolution giving effect to such designation and an Officers’ Certificate certifying that such designation complied with the foregoing
provisions. 

 Section 3. Notices. As between the Company and the Trustee, any notice or communication shall
be sufficiently given if written and if delivered in person when received or if mailed by first class mail 5 days after mailing or if sent by facsimile transmission, when transmission is confirmed, in each case addressed as follows: 
 if to the Company: 
 The Western Union Company

 100 Summit Avenue 
 Montvale,
New Jersey 07645 
 Attention: General Counsel 
 Facsimile: (201) 263-6384 
 if to the Trustee: 
 Wells Fargo Bank, National Association 
 Corporate Trust Services
 N9311-110 MAC
 625 Marquette Avenue 
 Minneapolis, MN 55479 
 Attn: Vice President 
 The Company or the
Trustee by written notice to the others may designate additional or different addresses for subsequent notices or communications. 
 Except
as otherwise provided in the Indenture or this Supplemental Indenture, if a notice or communication is mailed in the manner provided in Section 10.02 of the Indenture or this Section 3, it is duly given, whether or not the addressee
receives it. 
 Where the Indenture or the Supplemental Indenture provides for notice in any manner, such notice may be waived in writing by
the Person entitled to receive such notice, either before or after the event, and such waiver shall be the equivalent of such notice. Waivers of notice by Holders shall be filed with the Trustee, but such filing shall not be a condition precedent to
the validity of any action taken in reliance upon such waiver. 
 In case it shall be impracticable to give notice as herein contemplated,
then such notification as shall be made with the approval of the Trustee shall constitute a sufficient notification for every purpose hereunder. 
 Section 4. This Supplemental Indenture shall be governed by and construed in accordance with the laws of the State of New York. 
 Section 5. This Supplemental Indenture may be signed in various counterparts which together will constitute one and the same instrument. 
  

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 Section 6. This Supplemental Indenture is an amendment supplemental to the Indenture and the
Indenture and this Supplemental Indenture will henceforth be read together. 
  

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 SIGNATURES 
 IN WITNESS WHEREOF, the parties hereto have caused this Supplemental Indenture to be duly executed, all as of the date first written above. 
  

									
	(SEAL)	 		 	 THE WESTERN UNION COMPANY,
 as the Company

	Attest:	 		 	
				
	/s/ Cherie K. Roderick	 		 	By:	 	/s/ Rajesh K. Agrawal
		 		 		 		 	Name: Rajesh K. Agrawal
		 		 		 		 	Title:   Senior Vice President and Treasurer
				
		 		 		 	 WELLS FARGO BANK, NATIONAL ASSOCIATION
 as
the Trustee

					
		 		 		 	By:	 	/s/ Timothy P. Mowdy
		 		 		 		 	Name: Timothy P. Mowdy
		 		 		 		 	Title:   Vice PresidentAxis Specialty U.S. Services, Inc. Supplemental Retirement Plan

 Exhibit 10.23 
 AXIS Specialty U.S. Services, Inc. 
 Supplemental Retirement Plan 
  
 Plan Summary 

  
  

			
	Eligibility	  	 Management and highly compensated individuals as selected by the Administrative Committee.
  

		
	Contribution Sources	  	 Participant Deferrals: On an annual basis, you may defer up to 100% of base salary and bonuses that
may be paid during the year. Deferral elections must be made prior to the first day of the Plan Year for which the election is effective. If you become eligible during the Plan Year, the deferral election must be made within 30 days of becoming
eligible, effective for base salary and/or bonuses earned subsequent to the election. Deferral elections remain in effect for the Plan Year and are irrevocable.
  
 Discretionary Employer Contribution: The Corporation may choose to make additional individual discretionary contributions for any participant, subject to a vesting
schedule.
  

		
	Participant Account Balances	  	 For Purposes of recording your Account balances on the Corporation’s records, your Account balance will
include the amount of your base salary deferrals and bonus deferrals, any Discretionary Employer Contributions and the amount of any earnings or losses based on your directions as to investment crediting.
  

		
	 Vesting
	  	Your base salary deferrals and bonus deferrals will be 100% vested at all times. Discretionary Employer Contributions are subject to the following vesting schedule based on your years of
service with the Corporation.

  

				
	 Years of Service
	  	Vested Percentage	 
	 Less than 1
	  	0	%
	 1, but less than 2
	  	25	%
	 2, but less than 3
	  	50	%
	 3, but less than 4
	  	75	%
	 4 or more
	  	100	%

  
  

			
	Investment Crediting Options	  	You can choose to allocate deferrals and employer contributions in whole percentages among a variety of investment crediting options that may be
offered by the Corporation. The Corporation will provide you with a list of the available investment crediting options and a process for allocating your deferrals and Discretionary Employer Contributions among the available investment crediting
options.

  

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	 	  	 Allocation changes can be requested on a daily basis and are effective as soon as is administratively
practicable within the operational constraints of the Plan.
  

		
	Distribution Elections	  	Each year when you make your deferral elections you must also elect when and how these amounts will be distributed. You must elect one of the following options:
		
		  	 •     Upon separation of employment in a lump sum.

		
		  	 •     Upon an earlier of separation of employment or specified date in a lump sum.

		
		  	 •     Over a period of annual installments between 2 and 10 years beginning after separation of employment.

		
		  	 •     Over a period of annual installments between 2 and 10 years beginning on an earlier of separation of
employment or specific date.

		
	Distribution Election Changes	  	You may make changes to your distribution elections. However, changes to your distribution elections may be made only in accordance with the following rules:
		  	 •     Any new election may not take effect until at least 12 months after the date on which you make the new
election.

		
		  	 •     The new election must re-defer your benefit for a period of no less than five years from the date such
payment would otherwise have been made, unless your election is related to a payment on account of disability, death or the occurrence of an unforeseeable emergency.

		
	 	  	 •     Finally, any election related
to the time of payment must be made 12 months prior to the date the payment is scheduled to be made or, in the case of installment payments, 12 months prior to the date the first amount is scheduled to be paid.
  

		
	Hardship Distribution	  	 Hardship distributions are available in the event of an unforeseeable emergency. An unforeseeable emergency is defined as a severe financial
hardship to you resulting from a sudden and unexpected illness, accident, loss of your property due to casualty, or other extraordinary and unforeseeable circumstances to you or your dependent, each as determined by the Administrative Committee.

  

	 	  	The amount of the hardship may include any taxes that would be incurred by you due to the hardship payment. However, in no event shall the aggregate
amount of the distribution exceed either (a) the

  

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	  	  	 amount determined by the Corporation to be necessary to alleviate your financial hardship or (b) an amount
which is
not reasonably available to you from other resources.
  

		
	Survivor Benefits	  	If you die while participating in the Plan you will become 100% vested in your account balances. Upon your death, all account balances will be distributed to your designated beneficiary in a
lump sum.
		
	Beneficiary Designations	  	From time to time you may designate any person, persons or entities to receive such benefits as may be payable under the Plan upon or after your death, and such designation may be changed
from time to time by filing a new designation. Each designation will revoke all prior designations, and will be effective only when filed in writing with the Employer during your lifetime.
		
	 	  	 In the absence of a valid Beneficiary designation, or if, at the time any benefit payment is due to a
Beneficiary, there is no living Beneficiary validly named by you, the Corporation will pay any such benefit payment to your spouse, if then living, but otherwise to your then living descendants, if any, per stirpes, but, if none, to your parents and
then your estate.
  

		
	Change In Control	  	If there is a change in control of the Corporation you will become 100% vested in your Discretionary Employer Contributions.
		
		  	A change in control will occur upon the following:
		
		  	 •     a change in ownership (generally, the acquisition by a person, or more than one person acting as a
group, of more than 50 percent of the total fair market value or total voting power of the stock of a corporation);

		
		  	 •     a change in effective control (generally, the acquisition by a person, or more than one person acting
as a group, of more than 30 percent of the total voting power of the stock of a corporation or the replacement of a majority of the members of the board of directors by directors whose appointment is not endorsed by a majority of the members of the
prior board); or

		
	 	  	 •     a change in ownership of a
substantial portion of a corporation’s assets (generally, the acquisition by a person, or more than one person acting as a group, of 40 percent or more of the gross fair market value of the corporation’s assets).
  

  

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	Disability Benefits	  	 You will be considered to have suffered a disability if you are determined to be totally disabled by the
Social Security Administration or the Railroad Retirement Board or determined to be disabled under the Company’s Group Long Term Disability Plan, as determined by the Administrative Committee. If you become disabled you will be 100% vested in
your account balances.
  

		
	Plan Benefits Unfunded	  	 The Plan is a nonqualified, unfunded deferred compensation plan. Any trust or funding vehicle established
by the Corporation for the purpose of paying Plan benefits shall at all times be subject to the claims of the Corporation’s creditors in the event of the Corporation’s insolvency or bankruptcy. You have no right to any deemed investments
under the Plan or any funds the Corporation may set aside for Plan benefits.
  

		
	Changes to the Plan	  	 This Plan may be amended or terminated at any time, by action of the Board of Directors of the
Corporation. However, no amendment or termination may reduce the benefits you accrued before such amendment or termination of the Plan.
  

		
	Claims Procedures	  	 Claim and Decision on Claim: A claimant (you or, as applicable, your estate or other representative beneficiary) may file a written request
to the Administrative Committee to claim a benefit you believe is being denied but that you are entitled to receive under the Plan. The Administrative Committee will provide a decision within 90 days.
  

		  	 If an extension is necessary, the Administrative Committee will provide you with a notice before the initial 90-day period expires including an
explanation of why the extension is necessary and stating that a decision will be provided within 90 more days. If an answer is not received within the 90 days (or 180 days if an extension notice has been provided), the claim shall be deemed denied.

  

	 	  	 A written decision on the review will be provided by the Administrative Committee and will provide
supporting evidence to the claimant for the reason(s) of denial.
  

		
	Savings Plan Administrative Committee & Notices	  	Savings Plan Administrative Committee: The Savings Plan Administrative Committee will act as the Plan Administrator and is made up of individuals
appointed by the Corporation’s Board of Directors. The Savings Plan Administrative Committee has complete discretionary authority to interpret and administer the Plan and make determinations regarding the Plan.

  

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		  	 	  	Notices: Any notice intended for the Savings Plan Administrative Committee must be provided in writing and be delivered by hand or sent by
registered or certified mail to:
			
		  		  	Savings Plan Administrative Committee
		  		  	11680 Great Oaks Way, Suite 600
		  	 	  	 Alpharetta, GA 30022
  

 IMPORTANT: THIS SUMMARY PLAN DESCRIPTION IS SUBJECT IN ITS ENTIRETY TO THE PLAN DOCUMENT, WHICH CONTAINS
MORE DETAILED INFORMATION REGARDING THE PLAN. THE PLAN DOCUMENT’S TERMS GOVERN ANY INTERPRETATION OF THE PLAN, INCLUDING WITHOUT LIMITATION, ANY DISCREPANCY BETWEEN ANYTHING CONTAINED IN THIS MEMORANDUM AND ANY PROVISION OF THE PLAN.

  

 5 

 The CORPORATEplan for
RetirementSM 
 EXECUTIVE PLAN 
 BASIC PLAN DOCUMENT 
 IMPORTANT NOTE 
 This document has not been approved by the Department of Labor, the Internal Revenue Service or any other governmental entity. The Employer must determine whether the
plan is subject to the Federal securities laws and the securities laws of the various states. The Employer may not rely on this document to ensure any particular tax consequences or to ensure that the Plan is “unfunded and maintained primarily
for the purpose of providing deferred compensation to a select group of management or highly compensated employees” under the Employee Retirement Income Security Act with respect to the Employer’s particular situation. Fidelity Management
Trust Company, its affiliates and employees cannot and do not provide legal or tax advice or opinions in connection with this document. This document does not constitute legal or tax advice or opinions and is not intended or written to be used, and
it cannot be used by any taxpayer, for the purposes of avoiding penalties that may be imposed on the taxpayer. This document must be reviewed by the Employer’s attorney prior to adoption. 

 CORPORATEplan for Retirement EXECUTIVE 
 BASIC PLAN DOCUMENT 
 ARTICLE 1 
 ADOPTION AGREEMENT 
 ARTICLE 2 
 DEFINITIONS 
 2.01 - Definitions 

ARTICLE 3 
 PARTICIPATION 
 3.01 - Date of Participation 
 3.02 -
Participation Following a Change in Status 
 ARTICLE 4 
 CONTRIBUTIONS 
 4.01 - Deferral Contributions 
 4.02 - Matching Contributions 
 4.03 - Employer Contributions 
 4.04 - Election Forms 
 ARTICLE 5 
 PARTICIPANTS’ ACCOUNTS 
 ARTICLE 6 
 INVESTMENT OF ACCOUNTS 
 6.01 - Manner of
Investment 
 6.02 - Investment Decisions, Earnings and Expenses 
 ARTICLE 7 
 RIGHT TO BENEFITS 
 7.01 - Retirement 
 7.02 - Death 
 7.03 - Separation from Service 
 7.04 -
Vesting after Partial Distribution 
 7.05 - Forfeitures 
 7.06 - Change in Control 
 7.07 - Disability 
 7.08 - Directors 
 ARTICLE 8 
 DISTRIBUTION OF BENEFITS 
 8.01 - Events
Triggering and Form of Distributions 
 8.02 - Notice to Trustee 
 8.03 - Unforeseeable Emergency Withdrawals 
  

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 ARTICLE 9 
 AMENDMENT AND TERMINATION 
 9.01 - Amendment by Employer 
 9.02 - Termination 
 ARTICLE 10 
 MISCELLANEOUS 
 10.01 - Communication to
Participants 
 10.02 - Limitation of Rights 
 10.03 - Nonalienability of Benefits 
 10.04 - Facility of Payment 
 10.05 - Plan Records 
 10.06 - USERRA

 10.07 - Governing Law 
 ARTICLE 11 

PLAN ADMINISTRATION 
 11.01 - Powers and
Responsibilities of the Administrator 
 11.02 - Claims and Review Procedures 
  

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 PREAMBLE 
 It is the intention of the Employer to establish herein an unfunded plan maintained solely for the purpose of providing deferred compensation for a select group of management or highly compensated employees as
provided in ERISA. The Employer further intends that this Plan comply with Code section 409A, and the Plan is to be construed accordingly. 
 If the
Employer has previously maintained the Plan described herein pursuant to a previously existing plan document or description, the Employer’s adoption of this Plan document is an amendment and complete restatement of, and supersedes, such
previously existing document or description with respect to benefits accrued or to be paid on or after the effective date of this document (except to the extent expressly provided otherwise herein). 
 Article 1. Adoption Agreement. 
 Article 2.
Definitions. 
 2.01. Definitions. 
 (a) Wherever used herein, the following terms have the meanings set forth below, unless a different meaning is clearly required by the context: 
 (1) “Account” means an account established on the books of the Employer for the purpose of recording amounts credited to a Participant and any
income, expenses, gains, or losses attributable thereto. 
 (2) “Active Participant” means a Participant who is eligible to accrue
benefits under a plan (other than earnings on amounts previously deferred) within the 24-month period ending on the date the Participant becomes a Participant under Section 3.01. Notwithstanding the above, however, a Participant is not an
Active Participant if he has been paid all amounts deferred under the plan, provided that he was, on and before the date of the last payment, ineligible to continue or to elect to continue to participate in the plan for periods after such last
payment (other than through an election of a different time and form of payment with respect to the amounts paid). 
  

	 	(A)	For purposes of Section 4.01(d), as used in the first paragraph of the definition of “Active Participant” above, “plan” means an account balance plan (or
portion thereof) of the Employer or a Related Employer subject to Code section 409A pursuant to which the Participant is eligible to accrue benefits only if the Participant elects to defer compensation thereunder, and the “date the Participant
becomes a Participant hereunder” refers only to the date the Participant becomes a Participant with respect to Deferral Contributions. 

  

	 	(B)	For purposes of Section 8.01(a)(2), as used in the first paragraph of the definition of “Active Participant” above, “plan” means an account balance plan (or
portion thereof) of the Employer or a Related Employer subject to Code section 409A pursuant to which the Participant is eligible to accrue benefits without any election by the Participant to defer compensation thereunder, and the “date the
Participant becomes a Participant hereunder” refers only to the date the Participant becomes a Participant with respect to Matching or Employer Contributions. 

 (3) “Administrator” means the Employer adopting this Plan (but excluding Related Employers) or
other person designated by the Employer in Section 1.01(c). 
 (4) “Adoption Agreement” means Article 1, under which the
Employer establishes and adopts or amends the Plan and selects certain provisions of the Plan. The provisions of the Adoption Agreement are an integral part of the Plan. 
 (5) “Beneficiary” means the person or persons entitled under Section 7.02 to receive benefits under the Plan upon the death of a Participant. 
 (6) “Bonus” means any Performance-based Bonus or any Non-performance-based Bonus as listed and identified in the table in
Section 1.05(a)(2) hereof. 
 (7) “Change in Control” means a change in control with respect to the applicable corporation, as
defined in 26 CFR section 1.409A-3(i)(5). For purposes of this definition “applicable corporation” means: 
  

	 	(A)	The corporation for which the Participant is performing services at the time of the change in control event; 

  

	 	(B)	The corporation(s) liable for payment hereunder (but only if either the accrued benefit hereunder is attributable to the performance of service by the Participant for such
corporation(s) or there is a bona fide business purpose for such corporation(s) to be liable for such payment and, in either case, no significant purpose of making such corporation(s) liable for such benefit is the avoidance of Federal income tax);
or 

  

	 	(C)	A corporate majority shareholder of one of the corporations described in (A) or (B) above or any corporation in a chain of corporations in which each corporation is a
majority shareholder of another corporation in the chain, ending in a corporation identified in (A) or (B) above. 

 (8) “Code” means the Internal Revenue Code of 1986, as amended from time to time. 
 (9) “Compensation”
means for purposes of Article 4: 
  

	 	(A)	If the Employer elects Section 1.04(a), such term as defined in such Section 1.04(a). 

  

	 	(B)	If the Employer elects Section 1.04(b), wages as defined in Code section 3401(a) and all other payments of compensation to an Employee by the Employer (in the course of the
Employer’s trade or business) for which the Employer is required to furnish the Employee a written statement under Code sections 6041(d) and 6051(a)(3), excluding any items elected by the Employer in Section 1.04(b), reimbursements or
other expense allowances, fringe benefits (cash and non-cash), moving expenses, deferred compensation and welfare benefits, but including amounts that are not includable in the gross income of the Employee under a salary reduction agreement by
reason of the application of Code section 125, 132(f)(4), 402(e)(3), 402(h) or 403(b). Compensation shall be determined without regard to any rules under Code section 3401(a) that limit the remuneration included in wages based on the nature or
location of the employment or the services performed (such as the exception for agricultural labor in Code section 3401(a)(2)). 

  

	 	(C)	If the Employer elects Section 1.04(c), any and all monetary remuneration paid to the Director by the Employer, including, but not limited to, meeting fees and annual
retainers, and excluding items listed in Section 1.04(c). 

  

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 For purposes of this Section 2.01(a)(9), Compensation shall also include amounts deferred pursuant
to an election under Section 4.01. 
 (10) “Deferral Contribution” means a hypothetical contribution credited to a
Participant’s Account as the result of the Participant’s election to reduce his Compensation in exchange for such credit, as described in Section 4.01. 
 (11) “Director” means a person, other than an Employee, who is elected or appointed as a member of the board of directors of the Employer, with respect to a corporation, or to an analogous position with
respect to an entity that is not a corporation. 
 (12) “Disability” is described in Section 1.07(a)(2). 
 (13) “Employee” means any employee of the Employer. 
 (14) “Employer” means the employer named in Section 1.02(a) and any Related Employers listed in Section 1.02(b). 
 (15) “Employer Contribution” means a hypothetical contribution credited to a Participant’s Account under the Plan as a result of the Employer’s crediting of such amount, as described in
Section 4.03. 
 (16) “Employment Commencement Date” means the date on which the Employee commences employment with the
Employer. 
 (17) “ERISA” means the Employee Retirement Income Security Act of 1974, as from time to time amended. 
 (18) “Inactive Participant” means a Participant who is not an Employee or Director. 
 (19) “Matching Contribution” means a hypothetical contribution credited to a Participant’s Account under the Plan as a result of the
Employer’s crediting of such amount, as described in Section 4.02. 
 (20) “Non-performance-based Bonus” means any Bonus
listed under the column entitled “non-performance based” in Section 1.05(a)(2). 
 (21) “Participant” means any
Employee or Director who participates in the Plan in accordance with Article 3 (or formerly participated in the Plan and has an amount credited to his Account). 
 (22) “Performance-based Bonus” means any Bonus listed under the column entitled “performance based” in Section 1.05(a)(2), which constitutes compensation, the amount of, or entitlement to,
which is contingent on the satisfaction of pre-established organizational or individual performance criteria relating to a performance period of at least 12 consecutive months and which is further defined in 26 CFR section 1.409A-1(e). 

(23) “Permissible Investment” means the investments specified by the Employer as available for hypothetical investment of Accounts. The
Permissible Investments under the Plan are listed in the Service Agreement, and the provisions of the Service Agreement listing the Permissible Investments are hereby incorporated herein. 
 (24) “Plan” means the plan established by the Employer as set forth herein as a new plan or as an amendment to an existing plan, such
establishment to be evidenced by the Employer’s execution of the Adoption Agreement, together with any and all amendments hereto. 
  

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 (25) “Related Employer” means any employer other than the Employer named in
Section 1.02(a), if the Employer and such other employer are members of a controlled group of corporations (as defined in Code section 414(b)) or trades or businesses (whether or not incorporated) under common control (as defined in Code
section 414(c)). 
 (26) “Separation from Service” means the date the Participant retires or otherwise has a termination of
employment (or a termination of the contract pursuant to which the Participant has provided services as a Director, for a Director Participant) with the Employer and all Related Employers, as further defined in 26 CFR section 1.409A-1(h); provided,
however, that 
 (A) For purposes of this paragraph (26), the definition of “Related Employer” shall be modified as follows:

 (i) In applying Code section 1563(a)(1), (2) and (3) for purposes of determining a controlled group of corporations under Code
section 414(b), the phrase “at least 50%” shall be used instead of “at least 80 percent” each place “at least 80 percent” appears in Code section 1563(a)(1), (2) and (3); and 
 (ii) In applying 26 CFR section 1.414(c)-2 for purposes of determining trades or business (whether or not incorporated) under common control for purposes
of Code section 414(c), the phrase “at least 50%” shall be used instead of “at least 80 percent” each place “at least 80 percent” appears in 26 CFR section 1.414(c)-2. 
 (B) In the event a Participant provides services to the Employer or a Related Employer as an Employee and a Director, 
 (i) The Employee Participant’s services as a Director are not taken into account in determining whether the Participant has a Separation from
Service as an Employee; and 
 (ii) The Director Participant’s services as an Employee are not taken into account in determining whether
the Participant has a Separation from Service as a Director 
 provided that this Plan is not aggregated with a plan subject to Code section
409A in which the Director Participant participates as an employee of the Employer or a Related Employer or in which the Employee Participant participates as a director (or a similar position with respect to a non-corporate entity) of the Employer
or a Related Employer, as applicable, pursuant to 26 CFR section 1.409A-1(c)(2)(ii). 
 (27) “Service Agreement” means the agreement
between the Employer and Trustee regarding the arrangement between the parties for recordkeeping services with respect to the Plan. 
 (28)
“Specified Employee,” (unless defined by the Employer in a separate writing, in which case such writing is hereby incorporated herein) means a Participant who meets the requirements in 26 CFR section 1.409A-1(i) applying the default
definition components provided in such regulation (those that would apply absent elections, as described in 26 CFR section 1.409A-1(i)(8)), including an identification date of December 31. In the event that such default definition components
are applicable, the Employer has elected Section 1.01(b)(2) and, immediately prior to the date in Section 1.01(b)(2), the Plan applied an identification date (the “prior date”) other than the December 31, the prior date
shall continue to apply, and December 31 shall not apply, until the date that is 12 months after the date in Section 1.01(b)(2 
 (29) “Trust” means the trust created by the Employer, pursuant to the Trust agreement between the Employer and the Trustee, under which assets are held, administered, and managed, subject to the claims of the Employer’s
creditors in the event of the Employer’s insolvency, until paid to Participants and their Beneficiaries as specified in the Plan. 
  

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 (30) “Trust Fund” means the property held in the Trust by the Trustee. 
 (31) “Trustee” means the individual(s) or entity appointed by the Employer under the Trust agreement. 
 (32) “Unforeseeable Emergency” is as defined in 26 CFR section 1.409A-3(i)(3)(i). 
 (33) “Year of Service” is as defined in Section 7.03(b) for purposes of the elapsed time method and in Section 7.03(c) for purposes of
the class year method. 
 (b) Pronouns used in the Plan are in the masculine gender but include the feminine gender unless the context clearly
indicates otherwise. 
 Article 3. Participation. 
 3.01. Date of Participation. An Employee or Director becomes a Participant on the date such Employee’s or Director’s participation becomes effective (as described in Section 1.03).  
 3.02. Participation following a Change in Status. 
 (a) If a Participant ceases to be an Employee or Director and thereafter resumes the same status he had as a Participant during his immediately previous participation in the Plan (as an Employee if previously a Participant as an Employee
and as a Director if previously a Participant as a Director), he will again become a Participant immediately upon resumption of such status, provided, however, that if such Participant is a Director, he is an eligible Director upon resumption of
such status (as defined in Section 1.03(b)), and provided, further, that if such Participant is an Employee, he is an eligible Employee upon resumption of such status (as defined in Section 1.03(a)). Deferral Contributions to such
Participant’s Account thereafter, if any, shall be subject to (1) or (2) below. 
 (1) If the Participant resumes such status
during a period for which such Participant had previously made a valid deferral election pursuant to Section 4.01, he shall immediately resume such Deferral Contributions. Deferral Contributions applicable to periods thereafter shall be made
pursuant to the election and other rules described in Section 4.01. 
 (2) If the Participant resumes such status after the period
described in the first sentence of paragraph (1) of this Section 3.02, any Deferral Contributions with respect to such Participant shall be made pursuant to the election and other rules described in Section 4.01. 
 (b) When an individual who is a Participant due to his status as an eligible Employee (as defined in Section 1.03(a)) continues in the employ of the
Employer or Related Employer but ceases to be an eligible Employee, the individual shall not receive an allocation of Matching or Employer Contributions for the period during which he is not an eligible Employee. Such Participant shall continue to
make Deferral Contributions throughout the remainder of the applicable period (as described in Section 4.01) in which such change in status occurs, if, and as, applicable. 
 (c) When an individual who is a Participant due to his status as an eligible Director (as defined in Section 1.03(b)) continues his directorship with
the Employer or a Related Employer but ceases to be an eligible Director, the individual shall not receive an allocation of Matching or Employer Contributions for the period during which he is not an eligible Director. Such Participant shall
continue to make Deferral Contributions throughout the remainder of the applicable period (as described in Section 4.01) in which such change in status occurs, if, and as, applicable. 
  

 5 

 Article 4. Contributions. 
 4.01 Deferral Contributions. If elected by the Employer pursuant to Section 1.05(a) and/or 1.06(a), a Participant described in such applicable Section may elect to reduce his Compensation by a
specified percentage or dollar amount. The Employer shall credit an amount to the Participant’s Account equal to the amount of such reduction. Except as otherwise provided in this Section 4.01, such election shall be effective to defer
Compensation relating to all services performed in the calendar year beginning after the calendar year in which the Participant executes the election. Under no circumstances may a salary reduction agreement be adopted retroactively. If the Employer
has elected to apply Section 1.05(a)(2), no amount will be deducted from Bonuses unless the Participant has made a separate deferral election applicable to such Bonuses. A Participant’s election to defer Compensation may be changed at any
time before the last permissible date for making such election, at which time such election becomes irrevocable. Notwithstanding anything herein to the contrary, the conditions under which a Participant may make a deferral election as provided in
the applicable salary reduction agreement are hereby incorporated herein and supersede any otherwise inconsistent Plan provision. 
  

	 	(a)	Performance Based Bonus. With respect to a Performance-based Bonus, a separate election made pursuant to Section 1.05(a)(2) will be effective to defer such Bonus
if made no later than 6 months before the end of the period during which the services on which such Performance-based Bonus is based are performed. 

  

	 	(b)	Fiscal Year Bonus. With respect to a Bonus relating to a period of service coextensive with one or more consecutive fiscal years of the Employer, of which no amount is
paid or payable during the service period, a separate election pursuant to Section 1.05(a)(2) will be effective to defer such Bonus if made no later than the close of the Employer’s fiscal year next preceding the first fiscal year in which
the Participant performs any services for which such Bonus is payable. 

  

	 	(c)	Cancellation of Salary Reduction Agreement.  

 (1) The Administrator may cancel a Participant’s salary reduction agreement pursuant to the provisions of 26 CFR section 1.409A-3(j)(4)(viii) in connection with the Participant’s Unforeseeable Emergency. To the extent required
pursuant to the application of 26 CFR section 1.401(k)-1(d)(3) (or any successor thereto), a Participant’s salary reduction agreement shall be automatically cancelled. 
 (2) The Administrator may cancel a Participant’s salary reduction agreement pursuant to the
provisions of 26 CFR section 1.409A-3(j)(4)(xii) in connection with the Participant’s disability. Such cancellation must occur by the later of the end of the Participant’s taxable year or the 15th day of the third month
following the date the Participant incurs a disability. For purposes of this paragraph (2), a disability is any medically determinable physical or mental impairment resulting in the Participant’s inability to perform the duties of his or her
position or any substantially similar position, where such impairment can be expected to result in death or can be expected to last for a continuous period of not less than six months. 
 In no event may the Participant, directly or indirectly, elect such a cancellation. A cancellation pursuant to this subsection (c) shall apply only
to Compensation not yet earned. 
  

	 	(d)	 Initial Deferral Election. Notwithstanding the above, if the Participant is not an Active Participant, the Participant may make an election to defer
Compensation within 30 days after the Participant becomes a Participant, which election shall be effective with respect to Compensation payable for services performed during the calendar year (or other deferral period described in (a) or
(b) above, as applicable) and after the date of such election. For Compensation that is earned based upon a specified performance period (e.g., an annual bonus) an election pursuant to this subsection (d) will be effective to defer an
amount equal to the total 

  

 6 

	 	 
amount of the Compensation for the performance period multiplied by the ratio of the number of days remaining in the performance period after the election
over the total number of days in the performance period. 

 4.02. Matching Contributions. If so provided by the Employer in
Section 1.05(b) and/or 1.06(b)(1), the Employer shall credit a Matching Contribution to the Account of each Participant entitled to such Matching Contribution. The amount of the Matching Contribution shall be determined in accordance with
Section 1.05(b) and/or 1.06(b)(1), as applicable, provided, however, that the Matching Contributions credited to the Account of a Participant pursuant to Section 1.05(b)(2) shall be limited pursuant to (a) and (b) below:

 (a) The sum of Matching Contributions made on behalf of a Participant pursuant to Section 1.05(b)(2) for any calendar year and any
other benefits the Participant accrues pursuant to another plan subject to Code section 409A as a result of such Participant’s action or inaction under a qualified plan with respect to elective deferrals and other employee pre-tax contributions
subject to the contribution restrictions under Code section 401(a)(30) or 402(g) shall not result in an increase in the amounts deferred under all plans subject to Code section 409A in which the Participant participates in excess of the limit with
respect to elective deferrals under Code section 402(g)(1)(A), (B) and (C) in effect for the calendar year in which such action or inaction occurs; and 
 (b) The Matching Contributions made on behalf of a Participant pursuant to Section 1.05(b)(2) shall never exceed 100% of the matching amounts that would be provided under the qualified employer plan identified in
Section 1.05(b)(2) absent any plan-based restrictions that reflect limits on qualified plan contributions under the Code. 
 4.03. Employer
Contributions. If so provided by the Employer in Section 1.05(c)(1) and/or 1.06(b)(2), the Employer shall make an Employer Contribution to be credited to the Account of each Participant entitled thereto in the amount provided in such
Section(s). If so provided by the Employer in Section 1.05(c)(2) and/or 1.06(b)(3), the Employer may make an Employer Contribution to be credited to the Account maintained on behalf of any Participant in such an amount as the Employer, in its
sole discretion, shall determine, subject to the provisions of the applicable Section. 
 4.04. Election Forms. Notwithstanding anything herein
to the contrary, the terms of an election form with respect to the conditions under which a Participant may make any election hereunder, as provided in such form (whether electronic or otherwise) are hereby incorporated herein and supersede any
otherwise inconsistent Plan provision. 
 Article 5. Participants’ Accounts. The Administrator will maintain an Account for each
Participant, reflecting hypothetical contributions credited to the Participant, along with hypothetical earnings, expenses, gains and losses, pursuant to the terms hereof. A hypothetical contribution shall be credited to the Account of a Participant
on the date determined by the Employer and accepted by the Plan recordkeeper. The Administrator will maintain such other accounts and records as it deems appropriate to the discharge of its duties under the Plan. 
 Article 6. Investment of Accounts. 
 6.01. Manner of
Investment. All amounts credited to the Accounts of Participants shall be treated as though invested and reinvested only in Permissible Investments. 
 6.02. Investment Decisions, Earnings and Expenses. Investments in which the Accounts of Participants shall be treated as invested and reinvested shall be directed by the Employer or by each Participant, or both, in accordance
with Section 1.09. All dividends, interest, gains, and distributions of any nature that would be earned on a Permissible Investment will be credited to the Account as though reinvested in additional shares of that Permissible Investment.
Expenses that would be attributable to such investments shall be charged to the Account of the Participant. 
  

 7 

 Article 7. Right to Benefits. 
 7.01. Retirement. If provided by the Employer in Section 1.08(e)(1), the Account of a Participant or an Inactive Participant who attains retirement eligibility prior to a Separation from Service
will be 100% vested. 
 7.02. Death. If provided by the Employer in Section 1.08(e)(2), the Account of a Participant or former Participant
who dies before the distribution of his entire Account will be 100% vested, provided that at the time of his death he is earning Years of Service. 
 A
Participant may designate a Beneficiary or Beneficiaries, or change any prior designation of Beneficiary or Beneficiaries, by giving notice to the Administrator on a form designated by the Administrator. If more than one person is designated as the
Beneficiary, their respective interests shall be as indicated on the designation form. 
 A copy of the death certificate or other sufficient documentation
must be filed with and approved by the Administrator. If upon the death of the Participant there is, in the opinion of the Administrator, no designated Beneficiary for part or all of the Participant’s Account, such amount will be paid to his
surviving spouse or, if none, to his estate (such spouse or estate shall be deemed to be the Beneficiary for purposes of the Plan). If a Beneficiary dies after benefits to such Beneficiary have commenced, but before they have been completed, and, in
the opinion of the Administrator, no person has been designated to receive such remaining benefits, then such benefits shall be paid to the deceased Beneficiary’s estate. 
 A distribution to a Beneficiary of a Specified Employee is not considered to be a payment to a Specified Employee for purposes of Sections 1.07 and 8.01(e). 
 7.03. Separation from Service. 
  

	 	(a)	General. If provided by the Employer in Section 1.08, and subject to Section 1.08(e)(2), if a Participant has a Separation from Service, he will be entitled
to a benefit equal to (i) the vested percentage(s) of the value of the Matching and Employer Contributions credited to his Account, as adjusted for income, expense, gain, or loss, such percentage(s) determined in accordance with the vesting
schedule(s) and methodology selected by the Employer in Section 1.08, and (ii) the value of the Deferral Contributions to his Account as adjusted for income, expense, gain, or loss. The amount payable under this Section 7.03 will be
distributed in accordance with Article 8. 

  

	 	(b)	Elapsed Time Vesting. Unless otherwise provided by the Employer in Section 1.08, vesting shall be determined based on the elapsed time method. For purposes of the
elapsed time method, “Years of Service” means, with respect to any Participant or Inactive Participant, the number of whole years of his periods of service with the Employer and any Related Employers (as defined in
Section 2.01(a)(26)(A)), subject to any exclusion elected by the Employer in Section 1.08(c). A Participant or Inactive Participant will receive credit for the aggregate of all time period(s) commencing with his Employment Commencement
Date and ending on the date a break in service begins, unless any such years are excluded by Section 1.08(c). A Participant or Inactive Participant will also receive credit for any period of severance of less than 12 consecutive months.
Fractional periods of a year will be expressed in terms of days. 

 A break in service is a period of severance of at least 12
consecutive months. A “period of severance” is a continuous period of time beginning on the date the Participant or Inactive Participant incurs a Separation from Service, or if earlier, the 12-month anniversary of the date on which the
Participant or Inactive Participant was otherwise first absent from service. 
  

 8 

 Notwithstanding the above, the Employer shall comply with any service crediting rules to the extent
required by applicable law. 
  

	 	(c)	Class Year Vesting. If provided by the Employer in Section 1.08, a Participant’s or Inactive Participant’s vested percentage in the Matching
Contributions and/or Employer Contributions portion(s) of his Account shall be determined pursuant to the class year method. Pursuant to such method, amounts attributable to the applicable contribution types are assigned to “class years”
established in the records of the Plan. Such class years are years (calendar or non-calendar) to which the contribution is assigned by the Administrator, as described in the Service Agreement between the Trustee and the Employer. The
Participant’s or Inactive Participant’s vested percentage in amounts attributable to a particular contribution is determined from the beginning of the applicable class year to the date the Participant or Inactive Participant incurs a
Separation from Service. For purposes of the class year method, a Participant or Inactive Participant is credited with a Year of Service on the first day of each such class year. 

 7.04. Vesting after Partial Distribution. If a distribution from a Participant’s Account has been made to him at a time when his Account is less than
100% vested, the vesting schedule in Section 1.08 will thereafter apply only to amounts in his Account attributable to Matching and Employer Contributions credited after such distribution. The balance of his Account immediately after such
distribution will be subject to the following for the purpose of determining his interest therein. 
 At any relevant time prior to a forfeiture of any
portion thereof under Section 7.05, a Participant’s nonforfeitable interest in the portion of his Account described in the sentence immediately above will be equal to P(AB + (RxD))-(RxD), where P is the nonforfeitable percentage at the
relevant time determined under Section 7.05; AB is the account balance of such portion at the relevant time; D is the amount of the distribution; and R is the ratio of the account balance at the relevant time to the account balance after
distribution. Following a forfeiture of any portion of such portion under Section 7.05 below, any balance with respect to such portion will remain fully vested and nonforfeitable. 
 7.05. Forfeitures. If a Participant has a Separation from Service, any portion of his Account (including any amounts credited after his Separation from Service) not payable to him under Section 7.03
will be forfeited by him. 
 7.06. Change in Control. If the Employer has elected to apply Section 1.07(a)(3)(D), then, upon a Change in
Control, notwithstanding any other provision of the Plan to the contrary, all Participant Accounts shall be 100% vested.  
 7.07.
Disability. If the Employer has elected to apply Section 1.08(e)(3), then, upon the date a Participant incurs a Disability, as defined in Section 1.07(a)(2), notwithstanding any other provision of the Plan to the contrary, all
Accounts of such Participant shall be 100% vested.  
 7.08. Directors. Notwithstanding any other provision of the Plan to the contrary,
all Accounts of a Participant who is a Director shall be 100% vested at all times, including Accounts attributable to the Participant’s service as an Employee, if any.  
 Article 8. Distribution of Benefits. 
 8.01 Events Triggering, and Form of, Distributions.

  

	 	(a)	Events triggering the distribution of benefits and the form of such distributions are described in Section 1.07(a), pursuant to the Employer’s election and/or the
Participant’s election, as applicable. 

  

 9 

	 	(1)	With respect to the form and time of distribution of amounts attributable to a Deferral Contribution, a Participant election must be made no later than the time by which the
Participant must elect to make a Deferral Contribution, as described in Section 4.01. 

  

	 	(2)	With respect to the form and time of distribution of amounts attributable to Matching or Employer Contributions, a Participant election must be made no later than the time by which
a Participant would be required to make a Deferral Contribution as described in Section 4.01 with respect to the calendar year for which the Matching and/or Employer Contributions are credited. For purposes of applying Section 4.01(d)
“Active Participant” shall have the meaning assigned in Section 2.01(a)(2)(B). 

  

	 	(3)	Notwithstanding anything herein to the contrary, an election choosing a distribution trigger and payment method pursuant to Section 1.07(a)(1) will only be effective with
respect to amounts attributable to contributions credited to the Participant’s Account for the calendar year (or other deferral period described in 4.01(a) or (b)) to which such election relates. Amounts attributable to contributions credited
to a Participant’s account prior to the effective date of any new election will not be affected and will be paid in accordance with the otherwise applicable election. 

  

	 	(b)	If the Employer elects to permit a distribution election change pursuant to Section 1.07(b), then any such distribution election change must satisfy (1) through
(3) below: 

  

	 	(1)	Such election may not take effect until at least 12 months after the date on which such election is made. 

  

	 	(2)	In the case of an election related to a payment not on account of Disability, death or the occurrence of an Unforeseeable Emergency, the payment with respect to which such election
is made must be deferred for a period of not less than five years from the date such payment would otherwise have been paid (or in the case of installment payments, five years from the date the first amount was scheduled to be paid).

  

	 	(3)	Any election related to a payment at a specified time or pursuant to a fixed schedule may not be made less than 12 months prior to the date the payment is scheduled to be paid (or
in the case of installment payments, 12 months prior to the date the first amount was scheduled to be paid). 

 With respect to
any initial distribution election, a Participant shall in no event be permitted to make more than one distribution election change. 
  

	 	(c)	A Participant’s entitlement to installments will not be treated as an entitlement to a series of separate payments. 

  

	 	(d)	If the Plan does not provide for Plan-level payment triggers pursuant to Section 1.07(a)(3), and the Participant does not designate in the manner prescribed by the
Administrator the method of distribution, and/or the distribution trigger (if and as required), such method of distribution shall be a lump sum at Separation from Service. 

  

	 	(e)	Notwithstanding anything herein to the contrary, with respect to any Specified Employee, if the applicable payment trigger is Separation from Service, then payment shall not
commence before the date that is six months after the date of Separation from Service (or, if earlier, the date of death of the Specified Employee, pursuant to Section 7.02). Payments to which a Specified Employee would otherwise be entitled
during the first six months following the date of Separation from Service are delayed by six months. 

  

 10 

	 	(f)	Notwithstanding anything herein to the contrary, the Administrator may, in its discretion, automatically pay out a Participant’s vested Account in a lump sum, provided that
such payment satisfies the requirements in (1) through (3) below: 

  

	 	(1)	Such payment results in the termination and liquidation of the entirety of the Participant’s interest under the Plan, including all agreements, methods, programs, or other
arrangements with respect to which deferrals of compensation are treated as having been deferred under a single nonqualified deferred compensation plan under 26 CFR section 1.409A-1(c)(2); 

  

	 	(2)	Such payment is not greater than the applicable dollar amount under Code section 402(g)(1)(B); and 

  

	 	(3)	Such exercise of Administrator discretion is evidenced in writing no later than the date of such payment. 

  

	 	(g)	Notwithstanding anything herein to the contrary, the Administrator may, in its discretion, delay a payment otherwise required hereunder to a date after the designated payment date
due to any of the circumstances described in (1) through (4) below, provided that the Administrator treats all payments to similarly situated Participants on a reasonably consistent basis. 

  

	 	(1)	In the event the Administrator reasonably anticipates that, if the payment were made as scheduled, the Employer’s deduction with respect to such payment would not be permitted
due to the application of Code section 162(m), provided the delay complies with the conditions in 26 CFR section 1.409A-2(b)(7)(i). 

  

	 	(2)	In the event the Administrator reasonably anticipates that the making of such payment will violate Federal securities laws or other applicable law, provided the delay complies with
the conditions in 26 CFR section 1.409A-2(b)(7)(ii). 

  

	 	(3)	Upon such other events and conditions as the Commissioner of the Internal Revenue Service may prescribe in generally applicable guidance published in the Internal Revenue Bulletin.

  

	 	(4)	Upon a change in control event, provided the delay complies with conditions in 26 CFR section 1.409A-3(i)(5)(iv). 

  

	 	(h)	Notwithstanding anything herein to the contrary, the Administrator may provide an election to change the time or form of a payment hereunder to satisfy the requirements of the
Uniformed Services Employment and Reemployment Rights Act of 1994, as amended, 38 USC sections 4301 through 4344. 

 8.02. Notice to
Trustee. The Administrator will provide direction to the Trustee, as provided in the Trust agreement, whenever any Participant or Beneficiary is entitled to receive benefits under the Plan. The Administrator’s notice shall indicate the
form, amount and frequency of benefits that such Participant or Beneficiary shall receive. 
 8.03. Unforeseeable Emergency Withdrawals.
Notwithstanding anything herein to the contrary, a Participant may apply to the Administrator to withdraw some or all of his Account if such withdrawal is made on account of an unforeseeable emergency as determined by the Administrator in accordance
with the requirements of and subject to the limitations provided in 26 CFR section 1.409A-3(i)(3). 
  

 11 

 Article 9. Amendment and Termination. 
 9.01 Amendment by Employer. The Employer reserves the authority to amend the Plan in its discretion. Any such amendment notwithstanding, no Participant’s Account shall be reduced by such amendment
below the amount to which the Participant would have been entitled if he had voluntarily left the employ of the Employer immediately prior to the date of the change. 
 9.02. Termination. The Employer has no obligation or liability whatsoever to maintain the Plan for any length of time and may terminate the Plan at any time by written notice delivered to the Trustee
without any liability hereunder for any such discontinuance or termination. Such termination shall comply with 26 CFR section 1.409A-3(j)(ix) and other applicable guidance. 
 Article 10. Miscellaneous. 
 10.01. Communication to Participants. The Plan will be communicated
to all Participants by the Employer promptly after the Plan is adopted. 
 10.02. Limitation of Rights. Neither the establishment of the Plan
and the Trust, nor any amendment thereof, nor the creation of any fund or account, nor the payment of any benefits, will be construed as giving to any Participant or other person any legal or equitable right against the Employer, Administrator or
Trustee, except as provided herein; in no event will the terms of employment or service of any individual be modified or in any way affected hereby. 
 10.03. Nonalienability of Benefits. The benefits provided hereunder will not be subject to alienation, assignment, garnishment, attachment, execution or levy of any kind, either voluntarily or involuntarily, and any attempt to
cause such benefits to be so subjected will not be recognized, except to such extent as may be required by law and as provided pursuant to a domestic relations order (defined in Code section 414(p)(1)(B)), as determined by the Administrator.
Pursuant to a domestic relations order, payments may be accelerated to a time sooner, and pursuant to a schedule more rapid, than the time and schedule applicable in the absence of the domestic relations order, provided that such payment pursuant to
such order is not made to the Participant and provided further that this provision shall not be construed to provide the Participant discretion regarding whether such payment time or schedule will be accelerated. 
 10.04. Facility of Payment. In the event the Administrator determines, on the basis of medical reports or other evidence satisfactory to the Administrator,
that the recipient of any benefit payments under the Plan is incapable of handling his affairs by reason of minority, illness, infirmity or other incapacity, the Administrator may disburse such payments, or direct the Trustee to disburse such
payments, as applicable, to a person or institution designated by a court which has jurisdiction over such recipient or a person or institution otherwise having the legal authority under State law for the care and control of such recipient. The
receipt by such person or institution of any such payments shall be complete acquittance therefor, and any such payment to the extent thereof, shall discharge the liability of the Trust for the payment of benefits hereunder to such recipient.

 10.05. Plan Records. The Administrator shall maintain the records of the Plan on a calendar-year basis. 
 10.06. USERRA. Notwithstanding anything herein to the contrary, the Administrator shall permit any Participant election and make any payments hereunder
required by the Uniformed Services Employment and Reemployment Rights Act of 1994, as amended, 38 USC 4301-4334. 
 10.07. Governing Law. The
Plan and the accompanying Adoption Agreement will be construed, administered and enforced according to ERISA, and to the extent not preempted thereby, the laws of the State in which the Employer has its principal place of business, without regard to
the conflict of laws principles of such State. 
  

 12 

 Article 11. Plan Administration. 
 11.01. Powers and Responsibilities of the Administrator. The Administrator has the full power and the full responsibility to administer the Plan in all of its details, subject, however, to the applicable
requirements of ERISA. The Administrator’s powers and responsibilities include, but are not limited to, the following: 
 (a) To make and
enforce such rules and regulations as it deems necessary or proper for the efficient administration of the Plan; 
 (b) To interpret the Plan,
its interpretation thereof in good faith to be final and conclusive on all persons claiming benefits under the Plan; 
 (c) To decide all
questions concerning the Plan and the eligibility of any person to participate in the Plan; 
 (d) To administer the claims and review
procedures specified in Section 11.02; 
 (e) To compute the amount of benefits which will be payable to any Participant, former
Participant or Beneficiary in accordance with the provisions of the Plan; 
 (f) To determine the person or persons to whom such benefits will
be paid; 
 (g) To authorize the payment of benefits; 
 (h) To appoint such agents, counsel, accountants, and consultants as may be required to assist in administering the Plan; and 
 (i) By written instrument, to allocate and delegate its responsibilities, including the formation of an administrative committee to administer the Plan. 
 11.02. Claims and Review Procedures. 
 (a) Claims Procedure. If any person believes he
is being denied any rights or benefits under the Plan, such person may file a claim in writing with the Administrator. If any such claim is wholly or partially denied, the Administrator will notify such person of its decision in writing. Such
notification will contain (i) specific reasons for the denial, (ii) specific reference to pertinent Plan provisions, (iii) a description of any additional material or information necessary for such person to perfect such claim and an
explanation of why such material or information is necessary, and (iv) information as to the steps to be taken if the person wishes to submit a request for review, including a statement of the such person’s right to bring a civil action
under ERISA section 502(a) following as adverse determination upon review. Such notification will be given within 90 days after the claim is received by the Administrator (or within 180 days, if special circumstances require an extension of time for
processing the claim, and if written notice of such extension and circumstances is given to such person within the initial 90-day period). 
 If the claim concerns disability benefits under the Plan, the Plan Administrator must notify the claimant in writing within 45 days after the claim has been filed in order to deny it. If special circumstances require an extension of time to
process the claim, the Plan Administrator must notify the claimant before the end of the 45-day period that the claim may take up to 30 days longer to process. If special circumstances still prevent the resolution of the claim, the Plan
Administrator may then only take up to another 30 days after giving the claimant notice before the end of the original 30-day extension. If the Plan Administrator gives the claimant notice that the claimant needs to provide additional information
regarding the claim, the claimant must do so within 45 days of that notice. 
  

 13 

 (b) Review Procedure. Within 60 days after the date on which a person receives a written notice of
a denied claim (or, if applicable, within 60 days after the date on which such denial is considered to have occurred), such person (or his duly authorized representative) may (i) file a written request with the Administrator for a review of his
denied claim and of pertinent documents and (ii) submit written issues and comments to the Administrator. This written request may include comments, documents, records, and other information relating to the claim for benefits. The claimant
shall be provided, upon the claimant’s request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim for benefits. The review will take into account all comments, documents,
records, and other information submitted by the claimant relating to the claim, without regard to whether such information was submitted or considered in the initial benefit determination. The Administrator will notify such person of its decision in
writing. Such notification will be written in a manner calculated to be understood by such person and will contain specific reasons for the decision as well as specific references to pertinent Plan provisions. The decision on review will be made
within 60 days after the request for review is received by the Administrator (or within 120 days, if special circumstances require an extension of time for processing the request, such as an election by the Administrator to hold a hearing, and if
written notice of such extension and circumstances is given to such person within the initial 60-day period). The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Plan expects to
render the determination on review. 
 If the initial claim was for disability benefits under the Plan and has been denied by the Plan
Administrator, the claimant will have 180 days from the date the claimant received notice of the claim’s denial in which to appeal that decision. The review will be handled completely independently of the findings and decision made regarding
the initial claim and will be processed by an individual who is not a subordinate of the individual who denied the initial claim. If the claim requires medical judgment, the individual handling the appeal will consult with a medical professional
whom was not consulted regarding the initial claim and who is not a subordinate of anyone consulted regarding the initial claim and identify that medical professional to the claimant. 
 The Plan Administrator shall provide the claimant with written notification of a plan’s benefit determination on review. In the case of an adverse
benefit determination, the notification shall set forth, in a manner calculated to be understood by the claimant – the specific reason or reasons for the adverse determinations, reference to the specific plan provisions on which the benefit
determination is based, a statement that the claimant is entitled to receive, upon the claimant’s request and free of charge, reasonable access to, and copies of, all documents, records, and other information relevant to the claim for benefits.

  

 14

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