Document:

EXHIBIT 10.11

The CORPORATEplan for RetirementSM

EXECUTIVE PLAN

 

Adoption Agreement

 

 

 

IMPORTANT
NOTE

This document has not been approved by the
Department of Labor, the Internal Revenue Service or any other governmental
entity.  An Adopting Employer must determine
whether the plan is subject to the Federal securities laws and the securities
laws of the various states.  An Adopting
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 provide you with legal advice in connection
with the execution of this document. 
This document should be reviewed by the Employer’s attorney prior to
execution.

ADOPTION AGREEMENT

ARTICLE 1

1.01                        PLAN
INFORMATION

(a)         Name of Plan:

This is the Chicago Board Option Exchange
Executive Retirement Plan (the “Plan”).

(b)         Name of Plan
Administrator, if not the Employer:

 

Address:

 

Phone Number

The Plan Administrator is
the agent for service of legal process for the Plan.

(c)                                  Plan
Year End is December 31.

(d)                                 Plan
Status (check one):

(1)                                  x                                  Effective
Date of new Plan: 2/16/2005

(2)                                  o                                    Amendment
Effective Date: 

The original effective
date of the Plan:

1.02                        EMPLOYER

(a)                                 The
Employer is:                                                   Chicago Board Options Exchange,
Inc.

Address:                                                                                                 400 South LaSalle Street
5th Floor

Chicago, IL 60605

Contact’s Name:                                                        Deborah
Woods

Telephone
Number:                                       312-786-7177

(1)                                  Employer’s
Tax Identification Number: 36-2730838

(2)                                  Business
form of Employer (check one):

(A)                              x                                  Corporation
(Other than a Subchapter S corporation)

(B)                                o                                    Other
(e.g., Subchapter S corporation, partnership, sole proprietor)

(3)                                  Employer’s
fiscal year end: 12/31

(b)                                 The term “Employer” includes the following Related Employers) 

(as defined in
Section 2.01(a)(24)):

1.03                        COVERAGE

(a)                                 The
following Employees are eligible to participate in the Plan:

(1)                                  o                                    Only
those Employees listed in Attachment A will be eligible to participate in the
Plan.

(2)                                  x                                 Only
those Employees in the eligible class described below will be eligible to
participate in the Plan:

The Chairman of
the Board of Directors, the President and each Division Head of the Employer
are eligible to participate in the Plan. 
Individuals performing officer type services on a consulting, contract
or other self-employed basis shall not be eligible to participate.

(3)                                  o                                   Only
those Employees described in the Board of Directors Resolutions attached hereto
and hereby made a part hereof will be eligible to participate in the Plan.

(b)                                 The
Entry Date(s) shall be (check one):

(1)                                  o                                    each
January 1.

(2)                                  o                                    each
January 1 and each July l .

(3)                                  o                                    each
January 1 and each April 1, July 1 and October 1.

(4)                                  o                                    the
first day of each month.

(5)                                  o                                    immediate
upon meeting the eligibility requirements specified in Subsection 1.03(a).

1.04        COMPENSATION

For
purposes of determining Contributions under the Plan, Compensation shall be as
defined (check (a) or (b) below, as appropriate):

(a)                                 x                                 in Section 201(a)(8),(check
(1) or (2) below, if and as appropriate)):

(1)                                  o                                    but
excluding (check the appropriate box(es)):

(A)                               ̈                                    Overtime
Pay.

(B)                                 ̈                                    Bonuses.

(C)                                 ̈                                    Commissions.

 2
 

(D)                                ̈                                    The
value of a qualified or a non-qualified stock option granted to an Employee by
the Employer to the extent such value is includable in the Employee’s taxable
income.

(E)                                  ̈                                    The
following:

 

(2)                                  ý                                    except
as otherwise provided below:

For determining
contributions under the Plan, Compensation shall include base compensation and
bonuses, and shall also include amounts deferred by the Participant under the
Chicago Board Options Exchange Deferred Compensation Plan for Officers.  Compensation shall specifically exclude
amounts contributed by the Employer under the Senior Executive Cafeteria Plan.

(b)                                  ̈                                    in the                     
Plan maintained by the Employer to the extent it is in excess of the limit
imposed under Code Section 401(a)(17).

1.05        CONTRIBUTIONS

(a)                                 Employee
contributions (Complete all that apply)

(1)                                  o                                    Deferral
Contributions.  The Employer shall make a
Deferral Contribution in accordance with, and subject to, Section 4.01 on
behalf of each Participant who has an executed salary reduction agreement in
effect with the Employer for the calendar year (or portion of the calendar
year) in question, not to exceed           %
of Compensation, exclusive of any Bonus.

(2)                                   ̈                                    Bonus
Contributions.  The Employer requires
Participants to enter into a special salary reduction agreement to make
Deferral Contributions of any percentage of Employer paid cash Bonuses, up to
100% of such Bonuses.  (The Compensation
definition elected by the Employer in Section 1.04 must include Bonuses if
Bonus contributions are permitted.)

(b)                                  ̈                                    Matching
Contributions (Choose (1) or (2) below, and (3) below, as applicable.)

(1)                                   ̈                                    The
Employer shall make a Matching Contribution on behalf of each Participant in an
amount equal to the following percentage of a Participant’s Deferral
Contributions during the Plan Year (check one):

(A)                               ̈                                    50%

(B)                                 ̈                                    100%

(C)                                 ̈                                         %

(D)                                ̈                                    (Tiered
Match)             %
of the first             %
of the Participant’s Compensation contributed to the Plan.

 3
 

(E)                                 o                                    The
percentage declared for the year, if any, by a Board of Directors’ resolution.

(F)                                 o                                    Other:

(2)                                  o                                    Matching
Contribution Offset.  For each
Participant who has made 401(k) Deferrals at least equal to the maximum under
Code Section 402(g) or, if less, the maximum permitted under the Qualified
Plan, the Employer shall make a Matching Contribution for the calendar year
equal to (A) minus (B) below:

(A)                              The
401(m) Match that the Participant would have received under the Qualified Plan
for such calendar year on the sum of the Participant’s Deferral Contributions
and the Participant’s 401(k) Deferrals if no limits otherwise imposed by tax
law applied to 401(m) Match and deeming the Participant’s Deferral
Contributions to be 401(k) Deferrals.

(B)                                The
401(m) Match actually allocated to such Participant under the Qualified Plan
for the calendar year.

For purposes of this
Section 1.05(b): “Qualified Plan” means the Plan; “401(k) Deferrals” means
contributions under the Qualified Plan’s cash or deferred arrangement as
defined in Code Section 401(k); and “401(m) Match” means a matching
contribution as defined in Code Section 401(m).

(3)                                  o                                    Matching
Contribution Limits (check the appropriate box(es)):

(A)                              o                                    Deferral
Contributions in excess of           %
of the Participant’s Compensation for the period in question shall not be
considered for Matching Contributions.

Note:                   If the Employer
elects a percentage limit in (A) above and requests the Trustee to account separately
for matched and unmatched Deferral Contributions, the Matching Contributions
allocated to each Participant must be computed, and the percentage limit
applied, based upon each period.

(B)                                 ̈                                    Matching
Contributions for each Participant for each Plan Year shall be limited to $               .

(4)                                  Eligibility
Requirement(s) for Matching Contributions. 
A Participant who makes Deferral Contributions during the Plan Year
under Section 1.05(a) shall be entitled to Matching Contributions for that Plan
Year if the Participant satisfies the following requirement(s) (Check the
appropriate box(es).  Options (B) and (C)
may not be elected together):

 4
 

(A)                              o                                    Is
employed by the Employer on the last day of the Plan Year.

(B)                                o                                    Earns
at least 500 Hours of Service during the Plan Year.

(C)                                o                                    Earns
at least 1,000 Hours of Service during the Plan Year.

(D)                               o                                    Other:  

(E)                                 o                                    No
requirements.

Note:  If option (A), (B) or (C)
above is selected, then Matching Contributions can only be made
by the Employer after the Plan Year ends.  Any Matching Contribution made before Plan
Year end shall not be subject to the eligibility requirements of this Section
1.05(b)(3)).

(c)                                  Employer
Contributions

(1)                                  x                                  Fixed
Employer Contributions.  The Employer
shall make an Employer Contribution on behalf of each Participant in an amount
determined as described below (check at least one):

(A)                              o                                   In
an amount equal to           %
of each Participant’s Compensation each Plan Year.

(B)                                x                                 In
an amount determined and allocated as described below: Per attached
amendment to 1.05(c)(1)

(C)                                o                                    In
an amount equal to (check at least one):

(i.)                                  o                                   Any
profit sharing contribution that the Employer would have made on behalf of the
Participant under the following qualified defined contribution plan but for the
limitations imposed by Code Section 401(a)(17):

 

(ii.)                               o                                   Any
contribution described in Code Section 401(m) that the Employer would have made
on behalf of the Participant under the following qualified defined contribution
plan but for the limitations imposed by Code Section 401(a)(17):

 

(2)                                  x                                  Discretionary
Employer Contributions.  The Employer
may make Employer Contributions to the accounts of Participants in any 

 5
 

amount, as determined by
the Employer in its sole discretion from time to time, which amount may be zero.

(3)                                                                                  Eligibility
Requirements) for Employer Contributions. 
A Participant shall only be entitled to Employer Contributions under
Section 1.05(c)(1) for a Plan Year if the Participant satisfies the following
requirement(s) (Check the appropriate box(es). 
Options (B) and (C) may not be elected together):

(A)                               ̈                                   Is
employed by the Employer on the last day of the Plan Year.

(B)                                 ̈                                   Earns
at least 500 Hours of Service during the Plan Year.

(C)                                 ̈                                   Earns
at least 1,000 Hours of Service during the Plan Year.

(D)                                ̈                                   Other:

(E)                                  ̈                                   No
requirements.

1.06        DISTRIBUTION DATES

Distribution from a Participant’s Account pursuant to
Section 8.02 shall begin upon the following date(s) (check either (a) or (b);
check (c), if desired):

(a)                                 o                                   Non-Class
Year Accounting (complete (1) and (2)).

(1)                                  The
earliest of termination of employment with the Employer (see Plan Section 7.03)
and the following event(s) (check appropriate box(es); if none selected, all
distributions will be upon termination of employment):

(A)                              o                                   Attainment
of Normal Retirement Age (as defined in Section 1.07(f)).

(B)                                o                                   Attainment
of Early Retirement Age (as defined in Section 1.07(g)).

(C)                                o                                   The
date on whichthe
Participant becomes disabled (as defined in Section 1.07(h)).

(2)                                  Timing
of distribution (check either (A) or (B)).

(A)                              o                                   The
distribution of the Participant’s Account will be begin in the month following
the event described in (a)(1) above, however, if the event is termination of
employment, then such distribution will begin as soon as practicable on or after
the 1st day of the seventh calendar month following such separation if the
Participant was a Key Employee.

 6
 

(B)                                o                                   The
distribution of the Participant’s Account will begin as soon as
administratively feasible in the calendar year following distribution event
described in (a)(1) above, provided however, that if the event is termination
of employment, in no event will such distribution begin earlier than the 1st
day of the seventh calendar month following such separation if the Participant
was a Key Employee.

(b)                                 x                                 Class Year Accounting
(complete (1) and (2)).

(1)                                  Upon
(check at least one; (A) must be selected if plan has contributions pursuant to
section 1.05(b) or (c)):

(A)                              x                                 Termination
of employment with the Employer (see Plan Section 7.03);provided however, that if the
event is termination of employment, in no event will such distribution begin
earlier than the 1st day of the seventh calendar month following such
separation if the Participant was a Key Employee.

(B)                                x                                 The
date elected by the Participant, pursuant to Plan Section 8.02, and subject to
the restrictions imposed in Plan Section 8.02 with respect to future Deferral
Contributions, inwhich
event such date of distribution must be at least one year after the date such
Deferral Contribution would have been paid to the Participant in cash in the
absence of the election to make the Deferral Contribution.

(2)                                  Timing
of distribution subject to Subsection (b)(1)(A) above (check either (A) or
(B)).

(A)                              x                                 The
Distribution of the Participant’s Account will begin 4/1 (specify month and
day) following the event described in (b)(1) above:

(B)                                o                                   The
Distribution of the Participant’s Account will begin          
(specify month and day) of the calendar year following the event described in
(b)(l) above.

(c)                                  x                                 Upon a Change of Control in accordance with Plan
Section 7.08.

Note: Internal Revenue Code Section 280G could impose
certain, adverse tax consequences on both Participants and the Employer as a
result of the application of this Section
1.06(c).  The Employer should consult
with its attorney prior to electing to apply Section 1.06(c).

 7

1.07                        VESTING
SCHEDULE

(a)                           The
Participant’s vested percentage in Matching Contributions elected in Section 1.05(b) shall be based upon the
schedule(s) selected below.

(1)                                  x                                  N/A
- No Matching Contributions

(2)                                  o                                    100%
Vesting immediately

(3)                                  o                                    3
year cliff (see C below)

(4)                                  o                                    5
year cliff (see D below)

(5)                                  o                                    6
year graduated (see E below)

(6)                                  o                                    7
year graduated (see F below)

(7)                                  o                                    G below

(8)                                  o                                    Other
(Attachment “B”)

	
  Years of

  Service for

  	
   

  	
  Vesting Schedule

  	
   

  
	
  Vesting

  	
   

  	
  C

  	
   

  	
  D

  	
   

  	
  E

  	
   

  	
  F

  	
   

  	
  G

  	
   

  
	
  0

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
   

  	
   

  
	
  1

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
   

  	
   

  
	
  2

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20

  	
  %

  	
  0

  	
  %

  	
   

  	
   

  
	
  3

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  40

  	
  %

  	
  20

  	
  %

  	
   

  	
   

  
	
  4

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  60

  	
  %

  	
  40

  	
  %

  	
   

  	
   

  
	
  5

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  60

  	
  %

  	
   

  	
   

  
	
  6

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
   

  	
   

  
	
  7

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  

 

(b)                                 The
Participant’s vested percentage in Employer Contributions
elected in Section 1.05(c) shall be based upon the schedule(s) selected
below.

(1)                                  o                                    N/A
- No Employer Contributions

(2)                                  o                                    100%
Vesting immediately

(3)                                  o                                    3
year cliff (see C below)

(4)                                  o                                    5
year cliff (see D below)

(5)                                  o                                    6
year graduated (see E below)

(6)                                  o                                    7
year graduated (see F below)

(7)                                  x                                  G below

(8)                                  o                                    Other
(Attachment “B”)

	
  Years of

  Service for

  	
   

  	
  Vesting Schedule

  	
   

  
	
  Vesting

  	
   

  	
  C

  	
   

  	
  D

  	
   

  	
  E

  	
   

  	
  F

  	
   

  	
  G

  	
   

  
	
  0

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0.00

  	
   

  
	
  1

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20.00

  	
   

  
	
  2

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20

  	
  %

  	
  0

  	
  %

  	
  40.00

  	
   

  
	
  3

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  40

  	
  %

  	
  20

  	
  %

  	
  60.00

  	
   

  
	
  4

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  60

  	
  %

  	
  40

  	
  %

  	
  80.00

  	
   

  
	
  5

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  60

  	
  %

  	
  100.00

  	
   

  
	
  6

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  100.00

  	
   

  
	
  7

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  

 

 8
 

 

(c)           ̈            Years of Service for Vesting shall exclude (check one):

(1)                                   ̈                                   for
new plans, service prior to the Effective Date as defined in Section
1.01(d)(1).

(2)                                   ̈                                   for existing plans converting from another
plan document, service prior to the original Effective Date as defined in Section 1.01(d)(2).

(d)         x         A Participant will forfeit his Matching Contributions and Employer
Contributions upon the occurrence of the following event(s):

Per
attached amendment to 1.07(d)

(e)                                  A
Participant will be 100% vested in his Matching Contributions and Employer
Contributions upon (check the appropriate box(es), if any; if 1.06(c) is selected, Participants will automatically
vest upon Change of Control as defined in Section 1.12):

(1)                                  o                                   Normal
Retirement Age (as defined in Section 1.07(f)).

(2)                                  o                                   Early
Retirement Age (as defined in Section 1.07(g)).

(3)                                  x                                 Death.

(4)                                  x                                 The
date on which the Participant becomes disabled, as determined under Section
1.07(h) of the Plan.

(f)                                    o                                   Normal
Retirement Age under the Plan is (check one):

(1)                                  o                                    age
65.

(2)                                  o                                    age
        (specify from 55 through 64).

(3)                                  o                                    the
later of age           
(cannot exceed 65) or the fifth anniversary of the Participant’s Commencement
Date.

If
no box is checked in this Section 1.07(f), then Normal Retirement Age is 65.

(g)                                 o                                   Early
Retirement Age is the first day of the month after the Participant attains age    
(specify 55 or greater) and completes         
Years of Service for Vesting

(h)                                 x                                 A
Participant is considered disabled when that Participant (check one).

 9
 

(1)                                  o                                   is
unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than 12
months.

(2)                                  o                                   is,
by reason of any medically determinable physical or mental impairment which can
be expected to result in death or can be expected to last for a continuous
period of not less than 12 months, receiving income replacement benefits for a
period of not less than 3 months under an accident and health plan covering
employees of the Employer.

1.08                        PREDECESSOR
EMPLOYER SERVICE

o                                    Service for purposes of vesting in Section 1.07(a)
and (b) shall include service with the following employer(s):

1.09                        UNFORESEEABLE
EMERGENCY WITHDRAWALS

Participant withdrawals for unforeseeable emergency prior to termination of employment (check one):

(a)                                 x                                 will
be allowed in accordance with Section 7.07, subject to a $ 1000 minimum amount (Must be at least $1,000)

(b)                                 o                                   will
not be allowed 

1.10                        DISTRIBUTIONS

Subject to Articles 7 and 8 distributions under the Plan are always
available as a lump sum.  Check below to
allow distributions in
installment payments:

o                                    under a systematic withdrawal plan (installments)
not to exceed 10 years which (check one if box for this Section is selected):

(a)                                 o                                   will
not be accelerated, regardless of the Participant’s Account balance.

(b)                                 x                                 will
be accelerated to a lump sum distribution in accordance with Section 8.03.

1.11                        INVESTMENT
DECISIONS

(a)                                 Investment
Directions

Investments
in which the Accounts of Participants shall be treated as invested and
reinvested shall be directed (check one):

(1)                                  o                                    by
the Employer among the options listed in (b) below.

(2)                                  o                                    by
each Participant among the options listed in (b) below.

 10
 

(3)                                  o                                   in
accordance with investment directions provided by each Participant for all
contribution sources in a Participant’s Account except the following sources
shall be invested as directed by the Employer (check (A) and/or (B)):

(A)                              o                                    Nonelective
Employer Contributions

(B)                                o                                    Matching
Employer Contributions

The Employer must direct the applicable sources among the same
investment options made available for Participant directed sources listed in
the Service Agreement.

(b)                                 Plan
Investment Options

Participant Accounts will be treated as invested among the
Investment Funds listed in the Service Agreement from time to time pursuant to
Participant and/or Employer directions, as applicable.

Note:                       The method
and frequency for change of investments will be determined under the rules
applicable to the selected funds. 
Information will be provided regarding expenses, if any, for changes in
investment options.

1.12                        RELIANCE
ON PLAN

An adopting Employer may not rely solely on this Plan to ensure that
the Plan is “unfunded and maintained primarily for the purpose of providing
deferred compensation for a select group of management or highly compensated
employees” with respect to the Employer’s particular situation.  This Agreement must be reviewed by the
Employer’s attorney before it is executed.

This Adoption Agreement may be used only in conjunction with the
CORPORATEplan for Retirement Executive Plan Basic Plan Document.

 11
 

EXECUTION
PAGE

(Employer’s Copy)

IN WITNESS WHEREOF, the Employer has caused this
Adoption Agreement to be executed this 17th day of
February, 2005.

	
   

  	
  Employer

  	
  Chicago Board
  Options Exchange

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title

  	
  Executive V.P.
  Finance & CFO

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Employer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title

  	
   

  

 

 12
 

Attachment
A

Pursuant to Section 1.03(a), the
following are the Employees who are eligible to participate in the Plan:

 

	
   

  	
  Employer

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date

  	
   

  

 

Note:                  The Employer must revise Attachment A
to add Employees as they become eligible or delete Employees who are no longer
eligible.  Attachment A should be signed
and dated every time a change is made.

 13
 

Attachment
B

(a)               o  The Participant’s vested percentage in Matching
Contributions elected in Section 1.05(b) shall be based upon the following
schedule:

 

(b)                                  o  The Participant’s vested percentage in Employer Contributions elected in Section
1.05(c) shall be based upon the following schedule:

 14

 

The CORPORATEplan for RetirementSM

EXECUTIVE
Plan

 

Service Agreement

 

 

 

IMPORTANT
NOTE

The CPR Executive Plan has not been approved by
the Department of Labor, the Internal Revenue Service or any other governmental
entity.  An Adopting Employer must determine
whether the plan is subject to the Federal securities laws and the securities
laws of the various states.  An Adopting
Employer may not rely on the CPR Executive Plan documents 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 provide you with legal advice in
connection with the execution of any of the CPR Executive Plan documents.  The CPR Executive Plan document should be
reviewed by the Employer’s attorney prior to execution.

 

The CORPORATEplan for RETIREMENTSM

Executive
Plan Service Agreement

EXECUTIVE
PLAN

This Agreement is between
Fidelity Management Trust Company (“Fidelity”) and Chicago Board Options
Exchange, Inc. (the “Employer”), who maintains the Plan designated below.

 

	
  Plan Name:

  	
   

  	
  Chicago Board Option Exchange Executive Retirement
  Plan

  
	
   

  	
   

  	
   

  
	
  Implementation Type:

  	
   

  	
  Start Up Plan

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
   

  	
  02/27/2005

  
	
   

  	
   

  	
   

  
	
  Implementation Date:

  	
   

  	
  02/27/2005

  

 

 2
 

ARTICLE I.  Basic Services And Fees

A.                                    Implementation
Services

	
  Set Up Fee:

  	
   

  	
  Fee Waived

  

 

Includes:

·                                          Model
plan document and trust agreement for review by Employer’s legal counsel.

·                                          Camera-ready
copy of all relevant Administrative Forms

·                                          Employee
Communication Materials

·                                          Fidelity
Plan Sponsor WebStation (PSW) Workbench Software and Reference Manual

·                                          Implementation
Conference Call. Issues covered include data transmission, contribution
processing cycles, plan administrative needs, plan profile, project timetables,
and resource coordination.

·                                          Preparation
of Participant and plan records for the Fidelity Participant Recordkeeping
System (FPRS).

·                                          Reconciliation
of all contribution data.

	
  Conversion Fee:

  	
   

  	
  Fee Waived

  

 

Includes:

·                                          Review of
prior plan document and comparison to CPR document

·                                          Reconciliation
of Participant records and Plan assets

·                                          Verification
report for all records received by Fidelity via electronic file (e.g.,
Participant indicative, balances)

·                                          Implementation
conference call with consultation
provided on the following:

·                        Conversion
method

·                        Data
transmission methods

·                        Asset
transfer process

·                        Coordination
with prior trustee or custodian for transfer of assets

 3
 

B.                                    Administrative
Services

	
  Annual fee:

  	
   

  	
  Fee Waived

  

 

Includes:

Plan Administrator Services:

·                                          Contribution
processing as provided in Appendix C

·                                          Employer
access to PSW, includes up to 2 User Identification Numbers

·                                          Daily
valuation

·                                          Investment
exchanges of existing Participant account balances

·                                          Investment
direction of future contributions

·                                          Monthly Trial
Balance Report

·                                          Distribution
processing as provided in Appendix D

·                                          Quarterly
Administrative Report**

·                                          Annual
Plan-Year End Summary Reporting Package (cash basis).

·                                          Custody
of plan assets held in trust at Fidelity.

Participant Services:

·                                          Participants’
Quarterly Statements as provided in Appendix B**

·                                          Internet
access (via NetBenefits) to account balance and fund price information

·                                          Maintenance
of individual account records for each Participant.

·                                          Telephone
access to account balance and fund price information

·                                          Investment
exchanges of existing Participant account balances

·                                          Investment
direction of future contributions

**The Quarterly Administrative Report and Quarterly
Statements will be generated based on:

January 31, April 30, July 31, and October 31 cycle.

 4
 

ARTICLE II.  
Terms And Conditions

The Implementation,
Administrative and Trustee Services on the preceding pages are contingent upon
the following terns:

1.                                      Required
Documentation:  This Service
Agreement may only be used in conjunction with the CORPORATEplan for Retirement Executive Plan (“CPR Executive”) and Trust
Agreement (“Trust Agreement”) provided by Fidelity.  Fidelity’s provision of Administrative and
trustee services under this Service Agreement shall be conditioned on the
Employer delivering to the Trustee a copy of the executed CPR Executive
Adoption Agreement and any amendments as soon as administratively feasible
following the Plan’s or the amendment’s adoption.

2.                                      Data
Submission:  The Employer or Plan
Administrator will provide Fidelity on a timely basis with accurate and
complete data via PSW.  As of the
Implementation Date, the Employer or Plan Administrator must send Fidelity the
following required data for each new or existing Participant: name, address,
employment dates, employment status, status under the Plan as a Key Employee
(if applicable), and initial investment elections.  After the Implementation Date, the Employer
or Plan Administrator may only send Fidelity the aforementioned information for
a new Participant or changes to the name, address, employment dates, employment
status, or status as a Key Employee for an existing Participant.  The inclusion of an Employee in the
information submitted to Fidelity shall constitute notice to Fidelity that such
Employee has been made a participant in the Plan pursuant to Section 1.03 of
the CPR Executive Adoption Agreement. 
Investment election changes may only be made as provided in this Article
II, Section Four.  Fidelity will not be
responsible for any losses and/or expenses that arise due to the submission of
incorrect or incomplete data, or data transmitted to Fidelity in an improper
format.

3.                                      Services:  Fidelity will have the responsibility to
perform only the services set forth in Articles I and II and Appendices A
through E of this Agreement, effective as of the Implementation Date.  All other functions, including distributions
to plan participants and any and all required tax reporting or withholding,
except to the extent Fidelity has approved performing a distribution service as
described in Appendix D, shall be the responsibility of the Employer and the
Plan Administrator.

4.                                      Participant
Investment Direction:  If the
Employer has selected participant direction for the treatment of the investment
and reinvestment of contributions in the CPR Executive Adoption Agreement, the
Trustee is directed to invest and reinvest such funds in a manner which
corresponds directly to elections made by Participants.  Each Participant in the Plan shall submit
his/her initial investment elections to the Employer or Plan
Administrator.  These elections will then
be submitted to Fidelity by the Employer or Plan Administrator in accordance
with the terms set forth in Section One. 
Thereafter, all subsequent investment elections for existing
Participants may only be directed in accordance with this Section Four.  Fidelity will not be responsible for any
losses and/or expenses that arise for clients who provide changes for existing
Participant investment elections via PSW.

 5
 

After his/her initial investment election, each
Participant in the Plan shall be permitted to direct the investment of his/her
individual account balance and investment of future contributions among the
Permissible Investments as provided in, and subject to the provisions of,
Appendix A to this Agreement through the use of Fidelity’s telephone exchange
system or an internet or other electronically based exchange system.  The Employer hereby directs Fidelity to act
upon such instructions without questioning the authenticity of such direction.

The number of exchanges from a Participant’s existing
account balance will be governed by the mutual fund prospectus or other
governing document for that investment, unless indicated otherwise in Appendix
A or E.  Fidelity reserves the right to
modify or withdraw the exchange privilege in the future.  Except as otherwise provided in this
Agreement, including any Appendices, a proper exchange request received by
Fidelity prior to the closing of the New York Stock Exchange shall be effective
on that day.

A Participant shall be required to provide personal identification
information prior to being given access to his/her accounts.  For security purposes, upon proper notice to
Fidelity, the Employer may direct that a Participant using the telephone
exchange system be required to respond to additional questions (e.g., date of
birth, date of hire) before being able to access his/her accounts.  Only authorized Plan contact(s) and the
Participant shall have access to a Participant’s account.  A third party may not have access to the
Participant’s account or make exchanges of existing account balance and/or
changes in the investment of future contributions.  Upon proper documentation and notice to the
Employer, an individual who becomes an active Beneficiary in accordance with
the Basic Plan Document due to the death of the Participant shall have the
right to access the deceased Participant’s account for purposes of directing
investments.  Fidelity reserves the right
to establish a separate account for the Beneficiary based upon his/her
entitlement to the deceased Participant’s account.

A Participant may not change his/her address through a telephone or
internet exchange system.  All such
changes must be submitted to the Employer. 
The Employer shall then send such changes to Fidelity in the required
format.

5.                                      Employer
Investment Direction:  If
Employer investment direction is chosen by the Employer, then all Participant
accounts must be invested in Permissible Investments as provided in, and
subject to the provisions of, Appendix A to this Agreement.  A Participant will not be allowed to make any
telephone exchanges of his/her account balance. 
The Employer may replace any existing Fidelity Fund(s) for another by
providing Fidelity with proper written direction at least thirty days prior to
the effective date of the change. 
Fidelity will charge the Employer a reasonable additional fee to
facilitate the replacement of the fund(s).

6.                                      Contributions:
 The Employer will be responsible for
determining Employee eligibility and for computing Employee and/or Employer
contributions for eligible Participants. 
The Employer shall provide contribution related information and make
contributions to the Plan in the manner provided in Appendix C.  If the Employer desires to use a Participant’s
interest in the Plan to pay that Participant’s employment taxes due on vested 

 6
 

accruals under the Plan,
the Employer shall accomplish such payments by reducing contributions to the
Trust and shall be solely responsible for all tax reporting consequences of
that reduction:

7.                                      Distributions:
 Unless Fidelity has approved the
Plan for a different service as described in Appendix D, Fidelity shall
disburse monies to the Employer for Participant benefit payments in the amounts
the Employer directs.  Distributions to
Participants or Beneficiaries shall be requested by the Employer in the method
described within, and subject to the constraints of, Appendix D.

8.                                      Fees:  As consideration for its services under this
Agreement, Fidelity shall be entitled to the fees computed in accordance with
Articles I and II and any Appendices or amendments to this Agreement.  A reasonable additional fee will be charged
if Fidelity has to reprocess any contribution data transmission due to
excessive errors of the Employer or payroll vendor.  Additional services and special reports or
statements may be provided if Fidelity and Employer enter into a separate
written agreement identifying such services and the associated fees.  Fidelity shall be entitled to reasonable
compensation for its costs and expenses incurred in the event of termination of
this Agreement.  However, Fidelity
reserves the right to charge a termination fee equal to a full year of fees identified
under Articles I and II in the event the Employer terminates its relationship
with Fidelity within one year after the Implementation Date.

The implementation service fee in Article I will be billed during the
implementation process.  The administrative
and trustee fees in Article II will become effective as of the later of the
Plan’s Effective Date in Section 1.01(d) of the Adoption Agreement or the
Implementation Date.  These fees shall be
billed in arrears to the Employer quarterly.

If payment of the aforementioned fees is not received by Fidelity
within sixty days of receipt of Fidelity’s quarterly invoice, or the fees are
to be paid by the Participants, then the fees shall be paid from the Trust
fund.  Unless allocable to the accounts
of particular Participants, such fees shall be charged against the respective
accounts of all Participants on a per capita basis.

9.                                      Duration
and Amendment:  This Agreement
shall remain in effect for the remainder of the current calendar year and shall
thereafter be automatically extended for successive one-year terms.  Either party, however, by sixty days prior
written notice to the other, may terminate this Agreement unless the receiving
party agrees to a shorter notice period. 
This Agreement may be amended or modified at any time and from time to
time by an instrument executed by the parties. 
Notwithstanding the foregoing, Fidelity reserves the right to (1)
terminate this Agreement if the Employer terminates any other agreement the
Employer has with Fidelity to provide recordkeeping services to a retirement
plan and (2) amend unilaterally to update services and procedures or to revise
the fee schedule upon sixty days prior written notice to the Employer.

10.                               Beneficiary
Designation Forms:  The Employer
or Plan Administrator will be responsible for physical custody of all
Participant beneficiary designation forms.

 7
 

11.                               Service
Providers:  Fidelity Management
Trust Company is the Trustee of the Employer’s Plan under CPR Executive.  Fidelity may use its affiliates in providing
the services described in this Agreement.

12.                               Construction
and Interpretation:  This
Agreement shall be construed in accordance with the laws of the Commonwealth of
Massachusetts except to the extent such laws are superseded by Section 514 of ERISA.  Unless defined herein or a different meaning
is clearly required by the context, capitalized terms shall have the meanings
set forth in the Trust.

13.                               Reliance
and Indemnification:  Fidelity
may rely upon and act upon any writing or any other medium acceptable to
Fidelity, including but not limited to electronic medium, from any person
authorized by the Employer to give instructions concerning the Plan and may
conclusively rely upon and be protected in acting upon any written or
electronic order from the Employer or upon any other notice, request, consent,
certificate, or other instructions or paper reasonably believed by it to have
been executed by a duly authorized person, so long as it acts in good faith in
taking or omitting to take any such action. 
Fidelity need not inquire as to the basis in fact of any statement in
writing received from the Employer. 
Fidelity shall be entitled to reasonably rely upon the information provided
by the Employer in performance of its duties hereunder.  Unless resulting from Fidelity’s negligence
or willful misconduct, the Employer shall indemnify and save harmless Fidelity
from any and all liabilities and expenses, including without limitation,
reasonable attorney’s fees incurred or required to be paid by Fidelity in
connection with the Plan.

Notwithstanding anything in this Agreement to the contrary and subject
to the provisions of the attached Appendices to this Agreement, (i) any
direction, notice or other communication provided to the Employer or Fidelity
by another party required to be in writing by the Plan or this Service
Agreement, (ii) any service provided under this Agreement requiring or
utilizing written information, or (iii) any written communication or disclosure
to Participants required by the Plan or this Service Agreement may be provided
through any medium that is permitted under applicable law or regulation and, to
the extent so allowed, will no longer require any writing to which reference is
made in this Agreement.

 8
 

Specimen Signatures

At least one person is
required to be authorized to provide instructions to Fidelity Management Trust
Company regarding the CORPORATEplan for Retirement
Executive Plan Account.  Only the
following person(s) designed below is/are authorized to advise Fidelity on all
plan administrative matters: 

	
  NAME & TITLE

  	
   

  	
  SPECIMEN SIGNATURE

  
	
   

  	
   

  	
   

  
	
  Alan J. Dean 

  	
   

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  	
   

  
	
  Executive V.P.
  Finance & CFO

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Deborah Woods 

  	
   

  	
  /s/ Deborah
  Woods

  
	
   

  	
   

  	
   

  
	
  Vice
  President—Human Resources

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Theresa Trice 

  	
   

  	
  /s/ Theresa
  Trice

  
	
   

  	
   

  	
   

  
	
  Director—Benefits

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

PROCEDURE FOR CHANGING SPECIMEN SIGNATURES:

The specimen signatures
can be changed by the Employer at any time. 
To add to a new authorized signer, the Employer must send a letter of
instruction signed by an authorized individual to the Account Manager, with an
original specimen signature of the new authorized signer.  To delete or replace a signer, the Employer
should identify the name(s) of the individual(s) who are no longer authorized signer(s).  The Employer must provide any change at least
ten business days prior to the date the change will become effective.

 9
 

Execution
Page (Client’s Copy)

This Agreement shall be
effective upon execution by both patties. 
By executing this Agreement, the parties agree to terms and conditions
contained in the Agreement and the following attached Appendices:

	
  Service Agreement

  	
   

  	
  Original

  Effective Date

  	
   

  	
  Revision Date(s)

  	
   

  
	
  Articles I (Basic Services and Fees)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  
	
  Article II (Terms and Conditions)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  
	
  Appendix A (Plan Investment Options)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  
	
  Appendix B (Enrollment and Education Services)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  
	
  Appendix C (Contribution Processing)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  
	
  Appendix D (Distribution Processing)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  
	
  Appendix E (Miscellaneous)

  	
   

  	
  02/27/2005

  	
   

  	
   

  	
   

  

 

In witness
whereof, the parties hereto have caused this Agreement to be executed by their
duly authorized officers Employer:

	
  Employer:

  	
   

  	
  Employer:

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  /s/ Deborah
  Woods

  	
   

  	
   

  	
   

  	
  (Signature)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (Signature)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Deborah Woods 

  	
   

  	
   

  	
   

  	
  (Print Name)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (Print Name)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  Vice
  President—Human Resources

  	
   

  	
   

  	
   

  	
  (Title)

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (Title)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  2-17-05

  	
   

  	
   

  	
   

  	
  (Date)

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
  (Date)

  	
   

  	
   

  	
   

  	
   

  
							

 

Note:                   Only one
authorized signature is required to execute this Agreement unless the Employer’s
corporate policy mandates multiple authorized signatures.

	
  Fidelity Management Trust Company:

  	
   

  
	
  /s/ Glen J. Kindness

  	
   

  	
   

  
	
   

  	
   

  
	
  (Signature)

  	
   

  
	
   

  	
   

  
	
  Glen J. Kindness
  

  	
   

  	
   

  
	
   

  	
   

  
				

 

 10
 

 

	
   

  	
   

  
	
  (Print Name)

  	
   

  
	
   

  	
   

  
	
   

  	
  Authorized
  Signatory 

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Title)

  	
   

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  February 23,
  2005

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  (Date)

  	
   

  
	
   

  	
   

  	
   

  

 

 11

APPENDIX
A – INVESTMENT SCHEDULE AND SERVICES

Participant Accounts
under the Trust shall be invested among the Permissible Investment options
listed below pursuant to Participant and/or Employer directions and pursuant to
the conditions and limitations contained in this Appendix A.  Unless specifically indicated otherwise
within this Appendix A, Appendix E, or an amendment to this Agreement,
purchases, sales and exchanges of each Permissible Investment option are controlled
by that Permissible Investment’s prospectus or other governing document(s).

1.                                      Fidelity
Funds (Core Options):

	
  Fund #

  	
   

  	
  Fidelity Fund Name

  
	
   

  	
   

  	
   

  
	
  0630

  	
   

  	
  Fidelity Retirement Money Market Portfolio

  
	
  0314

  	
   

  	
  Fidelity Asset Manager®

  
	
  0021

  	
   

  	
  Fidelity Magellan® Fund

  
	
  0022

  	
   

  	
  Fidelity Contrafund®

  
	
  0094

  	
   

  	
  Fidelity Overseas Fund

  
	
  0027

  	
   

  	
  Fidelity Growth & Income Portfolio

  
	
  0650

  	
   

  	
  Spartan® U.S. Equity Index Fund

  
	
  0026

  	
   

  	
  Fidelity Investment Grade Bond Fund

  
	
  0038

  	
   

  	
  Fidelity Capital & Income Fund

  
	
  0093

  	
   

  	
  Fidelity OTC Portfolio

  
	
  0370

  	
   

  	
  Fidelity Freedom 2000 Fund®

  
	
  1312

  	
   

  	
  Fidelity Freedom 2005 Fund

  
	
  0371

  	
   

  	
  Fidelity Freedom 2010 Fund®

  
	
  1313

  	
   

  	
  Fidelity Freedom 2015 Fund

  
	
  0372

  	
   

  	
  Fidelity Freedom 2020 Fund®

  
	
  1314

  	
   

  	
  Fidelity Freedom 2025 Fund

  
	
  0373

  	
   

  	
  Fidelity Freedom 2030 Fund®

  
	
  1315

  	
   

  	
  Fidelity Freedom 2035 Fund

  
	
  0718

  	
   

  	
  Fidelity Freedom 2040 Fund®

  
	
  0369

  	
   

  	
  Fidelity Freedom Income Fund®

  

 

The Employer agrees that any Fidelity Freedom funds listed above (all
those starting with “Fidelity Freedom”) are being selected as a group of all
the Fidelity Freedom funds currently available for the Plan.  The Employer understands that a choice can be
made at any time to remove all Fidelity Freedom funds as Permissible
Investments for the Plan.  The Employer
agrees that any change to the Permissible Investments for the Plan to remove
Fidelity Freedom funds will be effective as soon as administratively feasible
for Fidelity (after the Employer and Fidelity have amended this agreement to
reflect such change) and that the Employer will communicate to participants the
date and consequences of such change. 
The Employer hereby directs Fidelity to add or remove as Permissible
Investments for the Plan any Fidelity Freedom fund being added to or removed
from the group of all Fidelity Freedom funds. 
Fidelity shall always give the Employer at least 90 days notice of the
date that funds available through the Freedom 

Fund group will change and the Employer has until 20 days before such
date to direct Fidelity to remove all Fidelity Freedom funds as Permissible
Investments for the Plan.

2.                                      Non-Fidelity Funds (Core Options):

The Employer has selected each (“Non-Fidelity Fund”)
of the following as an investment made available to the Plan for investment of
the assets of the Trust, subject to the terms and conditions given below.

	
  Fund #

  	
   

  	
  Non-Fidelity Fund Name

  
	
   

  	
   

  	
   

  
	
  OF78

  	
   

  	
  Templeton Foreign Fund - Class A

  
	
  OFQR

  	
   

  	
  Baron Asset Fund

  
	
   

  	
   

  	
   

  
	
  ONBP

  	
   

  	
  MS Institutional Fund, Inc. - Value Equity Portfolio
  Class B

  

 

Fidelity shall provide recordkeeping services for Non-Fidelity Funds
subject to and in accordance with the terms and conditions of this Section:

1.                                      For
purposes of this Agreement, ‘Non-Fidelity Fund’ shall mean an investment
company registered under the Investment Company Act of 1940, as amended, other
than one advised by Fidelity Management & Research Company, and specified
in an agreement between Fidelity and the transfer agent for such investment
company (‘Fund Vendor’).

2.                                      The
basis-point-per-annum fee charged by Fidelity shall be computed and billed or
charged in arrears quarterly based on the market value of Non-Fidelity Funds
held in Participant Accounts on the last business day of the quarter.  In addition to the fees specified above, Fidelity
shall be entitled to fees from the Fund Vendor as set forth in a separate
agency agreement with the Fund Vendor. 
Fidelity will make available appropriate information concerning the
current provisions of such agreements electronically (currently through Plan
Sponsor WebStation) for the Employer’s review.

3.                                      The
Fund Vendor shall prepare and provide descriptive information on the funds for
use by Fidelity in its written participant communication materials.  Fidelity shall utilize historical performance
data obtained from third-party vendors in communications with plan
participants.  The Employer hereby
consents to Fidelity’s use of such materials and acknowledges that Fidelity is
not responsible for the accuracy of such third-party information.

The Basis-point-per-annum fee has been waived on amounts invested in
Non-Fidelity Funds.

3.                                      Annual
Fee for Excess Core Permissible Investment Options

The fees stated in this Service Agreement take into consideration the
Core Permissible Investment options selected by the Employer in this Service
Agreement and include up to 

20 Permissible Investment options with no additional
annual fee.  The annual fee for each Core
Permissible Investment option in excess of 20 is $500.00 per option and
such fee is in addition to any fees specified elsewhere in this Service
Agreement, including any Appendices and amendments hereto.  The annual fee for excess Core Permissible
Investment options shall be billed or charged quarterly in arrears and paid by
the Employer.  The Fidelity
Freedom funds collectively shall each count as one Core Permissible Investment
option.  Any change to the Permissible
Investment options selected by the Employer after the effective date of this
Service Agreement shall require an amendment to this Service Agreement and may
result in amended or additional fees.

APPENDIX
B – ENROLLMENT AND EDUCATION SERVICES

Fidelity
shall provide Enrollment and Education Services as provided in Article I and as
outlined in this Appendix B.

1.                                      Enrollment
and Educational Services

a.                                       Unless
the Employer specifically directs Fidelity otherwise in writing, Plan
Participants will be provided educational and informational materials about
integrated Fidelity investment opportunities through the Fidelity Employee
Investment Services program.

b.                                      Fidelity
may from time to time produce communication materials and forms that the
Employer may use regarding the Plan.  The
Employer acknowledges that it is solely responsible for any such communication
materials and/or forms, or modification thereof, ultimately distributed or otherwise
used in connection with the Plan.

c.                                       Participants
will receive account statements in the following manner:

Fidelity will mail Participant statements directly to Participants’
homes except for individual Participants who have indicated through Automated
Channels (Fidelity Automated Retirement Benefits Line, NetBenefitsSM World Wide Web Internet service, or any other
service subsequently employed by Fidelity to facilitate electronic plan
administration) that they desire to receive statements only through Automated
channels.

APPENDIX
C – CONTRIBUTION PROCESSING

Fidelity
shall provide contribution processing services as provided in Article I and as
outlined in this Appendix C. 
Contributions are subject to the terms and conditions contained herein.

1.                                      
The Employer shall be responsible for calculating and effecting Participant and
Employer contributions to the Plan and transmitting such contributions and
associated contribution data to Fidelity within legal time limits.

2.                                      The
Employer must consolidate all contribution data for multiple payroll cycles
and/or multiple sites into one transmission. 
Contribution data shall be received by Fidelity via Plan Sponsor
Webstation (“PSW”), or other medium permitted by Fidelity, in the manner
specified.  The Employer’s computer
system must meet certain minimum specifications to enable this service.

3.                                      Following
the receipt of contribution data in good order (as determined by Fidelity),
Fidelity shall, through Automated Clearing House (“ACH”), request an electronic
funds transfer from the account the Employer has specified in the Service Setup
Form.  Contributions received in good
order will be credited to Participants’ accounts on the business day they are
received, if received prior to the close of the New York Stock Exchange’s
business day.

4.                                      Notwithstanding
section 3 contained herein, Fidelity may allow the Employer to wire transfer
contributions according to instructions provided by Fidelity conditioned that
the contribution data is reviewed by a Fidelity representative prior to the
initiation of the transfer.  Fidelity
reserves the right to require Employers to wire transfer all contributions if
an ACH transfer is rejected.  Unsolicited
or improperly formatted transfers may not be invested until properly identified
and reconciled.

5.                                      In
the event that Fidelity, or any of its affiliates, provides tools or services
to assist the Employer with the calculation of the Matching Employer and/or
Employer Contributions, Fidelity does not represent, warrant, guarantee or
certify that such calculations are accurate. 
The Employer agrees that Fidelity has no responsibility for any such
calculations.

APPENDIX
D – DISTRIBUTION PROCESSING

1.                                      Distributions
for benefit payments will be processed once a month based upon a mutually acceptable
date determined immediately after the implementation period by Fidelity and the
Plan Administrator.  Distributions will
only be processed if there is complete, accurate and properly authorized data
received by Fidelity in the required media. 
All distribution requests received after the monthly cutoff date will be
processed the following month.  The
monthly withdrawal date may be changed once each Plan Year based upon the
written consent of Fidelity and the Employer. 
Fidelity shall not be responsible for: (i) making benefit payments to
Participants under the Plan, (ii) any Federal, State or local income tax
reporting or withholding with respect to such Plan benefits, and (iii) FICA
(Social Security and Medicare) or any Federal or State unemployment tax with
respect to Plan distributions.

2.                                      Class
Year Accounting (CYA).  The Employer has
elected CYA in its CPR Executive Plan and Fidelity hereby agrees to track
specific contribution years in which contributions paid to the Trust will be
distributed to the Participants.  The
Employer agrees that this will be tracked electronically and that the
Participants will make their elections for distributions through the
NetBenefitsSM website or any other application subsequently
utilized by Fidelity for that purpose (“NetBenefitsSM”). 
The Employer understands that Fidelity will only track as part of the
contributions constituting one class year those contributions actually received
into the Trust by Fidelity during the calendar year.  A Participant may not elect to defer a
subsequent calendar year’s deferrals for a period of less than 12 months from
the first day of the calendar year in which such deferrals would otherwise have
been paid to the Participant. 
Notwithstanding the Employer having elected this CYA provision, all
distributions for benefit payments will be paid in accordance with the
distribution provisions provided in Section 1 of this Appendix D, except that
distributions will be paid on the date established within Fidelity’s electronic
tracking system.

APPENDIX
E - MISCELLANEOUS

The following
provision(s) of this Appendix E shall supersede the referenced provision(s) of
this Agreement, subject to the terms and conditions contained herein:

Title:
Construction and Interpretation

Description: Article II, Section 12,
replace “Commonwealth of Massachusetts” with “Illinois”.

Exception Fee:  Fee Waived

Title:
Indemnification

Description:  Article II Section 13: The following
provisions apply notwithstanding anything contained in Section 13 of this
Service Agreement:

1.                                       The
last sentence of paragraph 1 of Section 13 shall read as follows:  Unless resulting from Fidelity’s negligence
or willful misconduct, the Employer shall indemnify and save harmless Fidelity
from any and all liabilities and expenses, including without limitation
reasonable attorney’s fees, incurred or required to be paid by Fidelity in
connection with any of the Plans, to the extent that such liabilities and
expenses result from the acts or omissions of the Employer, the Plan
Administrator or any of their employees or agents.

2.                                       The
following paragraph shall be added at the end of Section l3: Unless resulting
from the Employer’s negligence or willful misconduct, Fidelity shall indemnify
and save harmless the Employer from any and all liabilities and expenses,
including without limitation, reasonable attorney’s fees, incurred or required
to be paid by the Employer in connection with any of the Plans, to the extent
that such liabilities and expenses result from the acts or omissions of
Fidelity or any of its employees or agents.

Exception Fee:  Fee Waived

Title:
Outside Trustee

Description:  Fidelity Management Trust Company (FMTC) will
not act as a Trustee for the rabbi trust (the “Trust”) associated with the
Chicago Board of Options Exchange Executive Retirement Plan, Supplemental
Retirement Plan or Deferred Compensation Plan for Officers (the “Plans”).  FMTC and its affiliates (Fidelity) will
provide certain administrative and recordkeeping services, as outlined in this
Service Agreement.  Fidelity will take
direction from the Trustees of the Chicago Board of Options Exchange’s
Executive Retirement Plan, Supplemental Retirement Plan or Deferred
Compensation Plan for Officers, which direction may include direction to set up
accounts, accept contributions, provide investment options, and distribute the
assets.  Fidelity will have no
responsibility to determine if the distribution instructions (or any other
instructions) provided by the Trustee are permissible under the terms of the
Plan(s) or any applicable law.  Fidelity
will utilize the Fidelity Participant Recordkeeping System (FPRS) to maintain
individual, hypothetical participant 

accounts and will
take direction from the participants regarding the investment of the accounts
among the investment options permitted by the Trustee(s).

The Trustees shall
designate authorized signers.

Employer hereby
agrees that, although Fidelity will not serve as a Trustee for the Trust,
Fidelity shall nevertheless hold all of the assets of the Trust in mutual fund investments
selected solely by the Trustee.

Exception Fee:  Fee Waived

Title:  Fixed Employer Contributions

Description:  The client will provide an amendment
describing a custom Fixed Employer Contribution

Exception Fee:  Fee Waived

Title:  Discretionary Employer Contribution

Description:  The client will provide an amendment
describing a Discretionary Employer Contribution

Exception Fee:  Fee Waived

Title:  Distributions

Description:  The client will provide an amendment that
allows distribution at the earlier of termination or a class year accounted
date.

Exception Fee:  Fee Waived

Title:  Vesting

Description:  The client will provide an amendment to
modify the vesting schedule for the Chairman, method of crediting years of
vesting, and to fully vest all account balances at the termination of the Plan.

Exception Fee:  Fee Waived

Title:  Changing Distributions

Description:  The client will provide an amendment allowing
Participants to change the form and or timing of distributions.

Exception Fee:  Fee Waived

CHICAGO
BOARD OPTIONS EXCHANGE

EXECUTIVE RETIREMENT PLAN

SECOND
AMENDMENT TO THE ADOPTION AGREEMENT 

AND BASIC PLAN

This
Amendment, which is effective January 1, 2007, is an integral part of the
Fidelity Corporate Plan for Retirement Executive Plan as adopted by the Chicago
Board Options Exchange (“Employer”) in establishing the Chicago Board Options
Exchange Executive Retirement Plan (“Plan”). 
The provisions set forth in this attachment shall be applicable with respect
to the Plan as adopted by the Employer notwithstanding any other provision
contained in the Basic Plan Document or the Adoption Agreement to the
contrary.  The execution of the Adoption
Agreement by the Employer is only valid with the inclusion of the provisions
set forth below.

ADOPTION AGREEMENT

1.                                       Section
1.03(a)(2) is amended by adding the Executive Vice Chairman as a new class of
eligible Employee under the Plan and including the Executive Vice Chairman on
Exhibit B.

2.                                       Section
1.05(c)(1) - Fixed Employer Contributions is amended to add the following to
the end as a part thereof

Effective January 1, 2007, with respect to all Eligible Employees who
participate in the Plan, the Employer shall contribute an amount equal to 6% of
each Participant’s Compensation each Plan Year.”

3.                                       Section
1.05(c)(2) - Discretionary Employer Contributions, as previously amended, is
hereby deleted.

IN WITNESS WHEREOF, the Employer
has caused this Second Amendment to be executed on its behalf by its duly
authorized officer on this 22nd day of December, 2006.

 

	
  

  	
  CHICAGO BOARD OPTIONS EXCHANGE, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  	
  Alan J. Dean

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Executive V.P.
  Finance & CFO

  
					

 

CHICAGO
BOARD OPTIONS EXCHANGE 

EXECUTIVE RETIREMENT PLAN

SECOND
AMENDMENT TO THE ADOPTION AGREEMENT 

AND BASIC PLAN DOCUMENT

This
Amendment, which is effective February 16, 2005, is an integral part of the
Fidelity Corporate Plan for Retirement Executive Plan as adopted by the Chicago
Board Options Exchange (“Employer”) in maintaining the Chicago Board Options
Exchange Executive Retirement Plan (“Plan”). 
The provisions set forth in this attachment shall be applicable with
respect to the Plan as adopted by the Employer notwithstanding any other
provision contained in the Basic Plan Document or the Adoption Agreement to the
contrary.  The execution of the Adoption
Agreement by the Employer is only valid with the inclusion of the provisions
set forth below.

ADOPTION AGREEMENT

Section 1.06(b) – Distribution Dates.  Prior to the end of each calendar year, a
Participant shall deliver an election form to the Employer with respect to the
next following year that shall specify the date on which the applicable contribution
for such following year, and earnings thereon, shall be distributed.  In the first calendar year in which an
Employee becomes eligible to participate in the Plan, such election may be made
with respect to services to be performed subsequent to the delivery of the
election form within 30 days after the date the Employee becomes eligible to
participate in the Plan.  Each election
form delivered to the Employer with respect to a calendar year shall specify
the date on which the applicable contributions and earnings thereon shall be
distributed.  Such date shall be the
first to occur of (1) the date of the Participant’s termination of employment
with the Employer; and (2) a date selected by the Participant, provided that a
selected date must be at least one year after the date of the election.  Any distribution described in clause (1)
shall be made as soon as practicable following the date of termination with the
Employer; provided, however, that in no event will distribution begin earlier
than the first day of the seventh calendar month following termination if the
Participant was a Key Employee. 
Notwithstanding the preceding sentences, an election form delivered by a
Participant shall continue in effect for succeeding calendar years until
modified or revoked by a Participant with a subsequent election form filed with
the Employer in writing no later than the last day of the calendar year
immediately preceding the first day of the calendar year for which such
modification or revocation is effective.

Notwithstanding
the preceding paragraph, if elected by the Participant on his or her initial
election form, distribution of a Participant’s entire interest in the Plan
shall be made as soon as practicable after the date of consummation of a Change
of Control in accordance with Plan Section 7.08; provided, however, that a
Change of Control shall not include:

(a)           any
change in form of organization of the Employer from a non-stock entity to a
stock corporation, or

(b)           any
public offering of the Employer’s shares of stock after it becomes a stock
corporation.

If
the Participant fails to make an election, a change of control distribution
will not be made to the Participant.

IN WITNESS WHEREOF, the Employer
has caused this Second Amendment to be executed on its behalf by its officer
duly authorized on this 3rd day of January, 2006.

 

	
  

  	
  CHICAGO BOARD OPTIONS EXCHANGE, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  	
  Alan J. Dean

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
  Executive V.P.
  Finance & CFO

  

 

 2

CHICAGO
BOARD OPTIONS EXCHANGE

EXECUTIVE RETIREMENT PLAN

AMENDMENT
TO THE ADOPTION AGREEMENT

AND BASIC PLAN DOCUMENT

This
Amendment, which is effective February 16, 2005, is an integral part of
the Fidelity Corporate Plan for Retirement Executive Plan as adopted by the
Chicago Board Options Exchange (“Employer”) in establishing the Chicago Board
Options Exchange Executive Retirement Plan (“Plan”).  The provisions set forth in this attachment
shall be applicable with respect to the Plan as adopted by the Employer
notwithstanding any other provision contained in the Basic Plan Document or the
Adoption Agreement to the contrary.  The
execution of the Adoption Agreement by the Employer is only valid with the
inclusion of the provisions set forth below.

ADOPTION AGREEMENT

1.                                       Section
1.03(b)(4) – Coverage.  The Entry
Date(s) shall be the first day of each month following commencement of service
as a covered employee.

2.                                       Section
1.05(c)(1) – Fixed Employer Contributions. 
The Employer shall contribute for the President and each Division Head,
on a semi-monthly basis during each Plan Year, a percentage of
Compensation for each such senior officer based on his or her closest age as of
January 1 last preceding the semi-monthly date on which such
contribution is made, in accordance with the following schedule:   

	
  Age

  	
   

  	
  Percentage of Compensation

  	
   

  
	
  Under 45

  	
   

  	
  1

  	
  %

  
	
  45 - 49

  	
   

  	
  3

  	
  %

  
	
  50 - 54

  	
   

  	
  6

  	
  %

  
	
  55 - 59

  	
   

  	
  9

  	
  %

  
	
  60 - 64

  	
   

  	
  11

  	
  %

  
	
  65 and over

  	
   

  	
  0

  	
  %

  

 

3.                                       Section
1.05(c)(2) – Discretionary Employer Contributions.  The Compensation Committee of the Board of
Directors (“Board”) of the Employer may recommend to the Board a contribution
to be made to the Plan by the Employer for each Plan Year.  Such contribution shall be equal to a
percentage (not to exceed 8%) of the Compensation of each Participant.  Notwithstanding the preceding sentence, the
contribution made for the Chairman of the Board of the Employer as of
February 16, 2005 (“Chairman”) for each Plan Year shall not be less than
5% of Compensation.  The Compensation
Committee shall base its recommendation upon relevant criteria applicable to
the Employer for such Plan Year, including without limitation, member fee
reductions, seat prices, member earnings as reported on Focus reports and the
financial performance of the Employer for such Plan Year as compared to the
Employer’s budget for such Plan Year.  A
recommendation shall be made to the Board within sixty days after the end of
the 

applicable Plan Year and shall be approved or disapproved
by the Board within sixty days after the date of recommendation.

In addition to the discretionary contribution for each
Plan Year described in the preceding paragraph, the Employer may from time to
time, in its sole discretion, make an additional discretionary contribution for
some or all Participants.

4.                                       Section
1.06(b) – Distribution Dates.  Prior
to the end of each calendar year, a Participant shall deliver an election form
to the Employer with respect to the next following year that shall specify the
date on which the applicable contribution for such following year, and earnings
thereon, shall be distributed.  In the
first calendar year in which an Employee becomes eligible to participate in the
Plan, such election may be made with respect to services to be performed
subsequent to the delivery of the election form within 30 days after the date
the Employee becomes eligible to participate in the Plan.  Each election form delivered to the Employer
with respect to a calendar year shall specify the date on which the applicable
contributions and earnings thereon shall be distributed.  Such date shall be the first to occur of
(1) the date of the Participant’s termination of employment with the
Employer; and (2) a date selected by the Participant, provided that a
selected date must be at least one year after the date of the election.  Any distribution described in clause (1)
shall be made as soon as practicable following the date of termination with the
Employer; provided, however, that in no event will distribution begin earlier
than the first day of the seventh calendar month following termination if the
Participant was a Key Employee.

Notwithstanding
the preceding paragraph, if elected by the Participant on his or her initial
election form, distribution of a Participant’s entire interest in the Plan
shall be made as soon as practicable after the date of consummation of a Change
of Control in accordance with Plan Section 7.08; provided, however, that a
Change of Control shall not include:

(a)                                  any
change in form of organization of the Employer from a non-stock entity to a
stock corporation, or

(b)                                 any
public offering of the Employer’s shares of stock after it becomes a stock
corporation.

If the Participant fails
to make an election, a change of control distribution will not be made to the
Participant.

5.                                       Section
1.07(b) – Vesting Schedule. 
Notwithstanding the vesting schedule set forth in Section 1.07(b),
the Chairman shall at all times be fully vested in the balance credited to his
or her Account.

6.                                       Section
1.07(c) – Years of Service for Vesting. 
For purposes of this Section 1.07, a Year of Service with the
Employer shall commence on the date of a Participant’s hire or rehire by the
Employer and on each anniversary thereof. 
A partial Year of Service ending on a Participant’s date of termination
of employment with the Employer shall not be considered for purposes of
determining the vested percentage of his or her Account.  If a Participant’s employment with the
Employer terminates and he or she is subsequently rehired, his or her Years of
Service completed before his or her initial date of termination, and his or her
Years of Service

 2
 

completed after his or her date of rehire, shall be
aggregated for purposes of determining the vested percentage of his or her Account.

7.                                       Section
1.07(d) – Forfeiture. 
Notwithstanding the preceding provisions of Section 1.07(b), if the
employment of any Participant, including the Chairman of the Board of the
Employer, shall be terminated by the Employer for Cause, the entire balance
credited to the Account of the Participant shall be forfeited, and no amount
shall be payable to or with respect to the Participant pursuant to the terms of
the Plan.  For purposes of this Section,
Cause shall be deemed to exist if, and only if:

(a)                                  A
Participant shall engage, during the performance of his or her duties for the
Employer, in acts or omissions constituting dishonesty, intentional breach of
fiduciary obligation, or intentional wrongdoing or malfeasance;

(b)                                 A
Participant shall intentionally disobey or disregard a lawful and proper
direction of the Board; or

(c)                                  A
Participant shall materially breach an employment agreement entered into
between the Participant and the Employer and such breach by its nature is
incapable of being cured, or such breach remains uncured for more than 30 days
following receipt by the Participant of written notice from the Employer
specifying the nature of the breach and demanding the cure thereof.  For purposes of this clause (c), a
material breach of any such employment agreement that involves inattention by
the Participant to his or her duties under the employment agreement shall be
deemed a breach capable of cure.

The following shall not constitute Cause:

(a)                                  Any
personal or policy disagreement between a Participant and the Employer, or any
member of the Employer or of the Board, or

(b)                                 Any
action taken by a Participant in connection with his or her duties for the
Employer, or any failure to act, if the Participant acted or failed to act in
good faith, and in a manner he or she reasonably believed to be in, and not
opposed to, the best interest of the Employer, and he or she had no reasonable
cause to believe his or her conduct was unlawful.

8.                                       Section
1.07(e) – Full Vesting.  In addition
to the events indicated under Section 1.07(e), a Participant will be fully
vested in his or her Account in the event of the termination of the Plan.

9.                                       Section
1.07(h) – Definition of Disabled.  A
Participant is considered disabled when that Participant (1) has been
approved for long-term disability benefits by the long-term
disability insurance provider of the Employer and has been receiving long-term
disability benefits for a period of at least six months, or (2) becomes
entitled to receive a Disability Insurance Benefit under the Social Security
Act.

10.                                 Section
1.10 – Distributions.  A distribution
to a Participant pursuant to the Plan shall be made to him or her in a single
lump sum, unless the Participant, in the initial election 

 3
 

form filed with the Employer with respect to the
amount being distributed, indicated an election to be paid in annual
installments over a period of 10 or fewer years, as designated by the
Participant.  If payments are made in
installments, the unpaid portion of the Participant’s interest in the Plan from
time to time shall continue to be adjusted to reflect earnings, gains and
losses thereon.

If a Participant’s employment with the Employer
terminates due to death, his or her entire interest in the Plan shall be paid
in a single lump sum as soon as practicable after death to his or her
beneficiary most recently designated by him or her prior to the date of
death.  Each Participant from time to
time, pursuant to a beneficiary designation form furnished by the Employer, may
designate any legal or natural person or persons (who may be designated
contingently or successively) to whom his or her Account is to be paid if he or
she dies before receiving the entire balance thereof.  A beneficiary designation shall be effective
only when the executed beneficiary form is delivered to the Employer in writing
or by other method prescribed by the Employer while the Participant is alive
and will cancel all beneficiary designation forms delivered earlier.  If a deceased Participant fails to designate
a beneficiary prior to his or her death, or if all designated beneficiaries
predecease the Participant, his or her interest in the Plan shall be paid to
his or her surviving spouse, or if none, to his or her lawful descendants, per stirpes,
or if none survive him or her, to the legally appointed representatives of his
or her estate, or if none are appointed within six months after the date of his
or her death, to his or her heirs at law under the laws of descent and
distribution of the state in which the Participant is domiciled at the date of
death.

A Participant may subsequently change the time or form
of distribution elected by him or her in an election form if (1) the new
election constitutes a delay in payment or change in the form of payment from a
lump sum to annual installments or to a longer period of annual installments,
(2) such election does not take effect until at least 12 months after
the date on which the election is made, (3) the first payment with respect
to which such election is made is deferred for a period of not less than five
years from the date on which such payment would otherwise have been made, and
(4) any election related to a payment to be made at a specified date is
made at least 12 months prior to the date of the first scheduled payment.

BASIC PLAN DOCUMENT

1.                                       Section
9.02 – Retroactive Amendments – An amendment made by the Employer in
accordance with Section 9.01 may be made effective on a date prior to the first
day of the Plan Year in which it is adopted, provided that no such amendment
shall adversely affect the interest of any Participant in the Plan.

2.                                       Section
11.02 – This provision shall not apply.

 4

The CORPORATEplan for Retirementsm

EXECUTIVE Plan

 

Service Agreement

 

 

 

IMPORTANT
NOTE

The CPR Executive Plan has not been approved by
the Department of Labor, the Internal Revenue Service or any other governmental
entity.  An Adopting Employer must determine
whether the plan is subject to the Federal securities laws and the securities
laws of the various states.  An Adopting
Employer may not rely on the CPR Executive Plan documents 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 provide you with legal advice in
connection with the execution of any of the CPR Executive Plan documents.  The CPR Executive Plan document should be
reviewed by the Employer’s attorney prior to execution.

Execution
Page (Fidelity’s Copy)

This
Agreement shall be effective upon execution by both parties.  By executing this Agreement, the parties
agree to terms and conditions contained in the Agreement and the following
attached Appendices:

	
  Service Agreement

  	
   

  	
  Original

  Effective Date

  	
   

  	
  Revision Date(s)

  	
   

  
	
  Articles I (Basic Services and Fees)

  	
   

  	
  02/07/2005

  	
   

  	
   

  	
   

  
	
  Article II (Terms and Conditions)

  	
   

  	
  02/07/2005

  	
   

  	
   

  	
   

  
	
  Appendix A (Plan Investment Options)

  	
   

  	
   

  	
   

  	
  06/01/2005

  	
   

  
	
  Appendix B (Enrollment and Education Services)

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Appendix C (Contribution Processing)

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Appendix D (Distribution Processing)

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  Appendix E (Miscellaneous)

  	
   

  	
   

  	
   

  	
   

  	
   

  

 

In
witness whereof, the parties hereto have caused this Agreement to be executed
by their duly authorized officers. 
Employer:

	
  Employer:

  	
   

  	
  Employer:

  
	
   

  	
   

  	
   

  
	
  /s/ Deborah
  Woods 

  	
   

  	
   

  
	
   

  	
   

  	
  (Signature)

  
	
  (Signature)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Deborah Woods

  	
   

  	
   

  
	
   

  	
   

  	
  (Print Name)

  
	
  (Print Name)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Vice
  President—Human Resources

  	
   

  	
   

  
	
   

  	
   

  	
  (Title)

  
	
  (Title)

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  2-17-05

  	
   

  	
   

  
	
   

  	
   

  	
  (Date)

  
	
  (Date)

  	
   

  	
   

  

 

Note:                 Only one
authorized signature is required to execute this Agreement unless the Employer’s
corporate policy mandates multiple authorized signatures.

	
  Fidelity Management Trust Company:

  	
   

  
	
   

  	
   

  
	
  /s/ Glen J. Kindness

  	
   

  
	
   

  	
   

  
	
  (Signature)

  	
   

  
	
   

  	
   

  
	
  Glen J. Kindness

  	
   

  
	
   

  	
   

  
	
  (Print Name)

  	
   

  

 

 

	
  Authorized Signatory

  	
   

  
	
   

  	
   

  
	
  (Title)

  	
   

  
	
   

  	
   

  
	
  February 29, 2005

  	
   

  
	
   

  	
   

  
	
  (Date)

  	
   

  

 

APPENDIX
A- INVESTMENT SCHEDULE AND SERVICES

Participant
Accounts under the Trust shall be invested among the Permissible Investment
options listed below pursuant to Participant and/or Employer directions and
pursuant to the conditions and limitations contained in this Appendix A.  Unless specifically indicated otherwise
within this Appendix A, Appendix E, or an amendment to this Agreement,
purchases, sales and exchanges of each Permissible Investment option are
controlled by that Permissible Investment’s prospectus or other governing
document(s).

1.                                      Fidelity
Funds (Core Options):

 

	
  Fund #

  	
   

  	
  Fidelity Fund Name

  
	
   

  	
   

  	
   

  
	
  0630

  	
   

  	
  FMMT - Retirement Money Market Fund

  
	
  0314

  	
   

  	
  Fidelity Asset Manager®

  
	
  0021

  	
   

  	
  Fidelity Magellan® Fund

  
	
  0022

  	
   

  	
  Fidelity Contrafund®

  
	
  0094

  	
   

  	
  Fidelity Overseas Fund

  
	
  0027

  	
   

  	
  Fidelity Growth & Income Portfolio

  
	
  0650

  	
   

  	
  Spartan® U.S. Equity Index Fund

  
	
  0026

  	
   

  	
  Fidelity Investment Grade Bond Fund

  
	
  0038

  	
   

  	
  Fidelity Capital & Income Fund

  
	
  0093

  	
   

  	
  Fidelity OTC Portfolio

  
	
  0370

  	
   

  	
  Fidelity Freedom 2000 Fund®

  
	
  1312

  	
   

  	
  Fidelity Freedom 2005 Fund

  
	
  0371

  	
   

  	
  Fidelity Freedom 2010 Fund®

  
	
  1313

  	
   

  	
  Fidelity Freedom 2015 Fund

  
	
  0372

  	
   

  	
  Fidelity Freedom 2020 Fund®

  
	
  1314

  	
   

  	
  Fidelity Freedom 2025 Fund

  
	
  0373

  	
   

  	
  Fidelity Freedom 2030 Fund®

  
	
  1315

  	
   

  	
  Fidelity Freedom 2035 Fund

  
	
  0718

  	
   

  	
  Fidelity Freedom 2040 Fund®

  
	
  0369

  	
   

  	
  Fidelity Freedom Income Fund®

  

 

The
Employer agrees that any Fidelity Freedom funds listed above (all those
starting with “Fidelity Freedom”) are being selected as a group of all the
Fidelity Freedom funds currently available for the Plan.  The Employer understands that a choice can be
made at any time to remove all Fidelity Freedom funds as Permissible
Investments for the Plan.  The Employer
agrees that any change to the Permissible Investments for the Plan to remove
Fidelity Freedom funds will be effective as soon as administratively feasible
for Fidelity (after the Employer and Fidelity have amended this agreement to
reflect such change) and that the Employer will communicate to participants the
date and consequences of such change. 
The Employer hereby directs Fidelity to add or remove as Permissible
Investments for the Plan any Fidelity Freedom fund being added to or removed
from the group of all Fidelity Freedom funds. 
Fidelity shall always give the Employer at least 90 days notice of the
date that funds available through the 

Freedom
Fund group will change and the Employer has until 20 days before such date to
direct Fidelity to remove all Fidelity Freedom funds as Permissible Investments
for the Plan.

2.                                      Non-Fidelity
Funds (Core Options):

The Employer has selected
each (“Non-Fidelity Fund”) of the following as an investment made available to
the Plan for investment of the assets of the Trust, subject to the terms and
conditions given below:

	
  Fund #

  	
   

  	
  Fidelity Fund Name

  
	
   

  	
   

  	
   

  
	
  OF78

  	
   

  	
  Templeton Foreign Fund - Class A

  
	
  OFQR

  	
   

  	
  Baron Asset Fund

  
	
  OMYJ

  	
   

  	
  Wells Fargo Advantage Small Cap Value Fund - Class Z

  
	
  ONBP

  	
   

  	
  MS Institutional Fund, Inc. - Value Equity Portfolio
  Class B

  

 

Fidelity shall provide
recordkeeping services for Non-Fidelity Funds subject to and in accordance with
the terms and conditions of this Section:

1.                                      For
purposes of this Agreement, ‘Non-Fidelity Fund’ shall mean an investment
company registered under the Investment Company Act of 1940, as amended, other
than one advised by Fidelity Management & Research Company, and specified
in an agreement between Fidelity and the transfer agent for such investment
company (‘Fund Vendor’).

2.                                      The
basis-point-per-annum fee charged by Fidelity shall be computed and billed or
charged in arrears quarterly based on the market value of Non-Fidelity Funds
held in Participant Accounts on the last business day of the quarter.  In addition to the fees specified above,
Fidelity shall be entitled to fees from the Fund Vendor as set forth in a
separate agency agreement with the Fund Vendor. 
Fidelity will make available appropriate information concerning the
current provisions of such agreements electronically (currently through Plan
Sponsor WebStation) for the Employer’s review.

3.                                     The
Fund Vendor shall prepare and provide, descriptive information on the funds for
use by Fidelity in its written participant communication materials.  Fidelity shall utilize historical performance
data obtained from third-party vendors in communications with plan participants.  The Employer hereby consents to Fidelity’s
use of such materials and acknowledges that Fidelity is not responsible for the
accuracy of such third-party information.

The Basis-point-per-annum
fee has been waived on amounts invested in Non-Fidelity Funds.

3.                                      Annual
Fee for Excess Core Permissible Investment Options

The fees stated in this
Service Agreement take into consideration the Core Permissible Investment
options selected by the Employer in this Service Agreement and include up to 20
Permissible Investment options with no additional annual fee.  The annual fee for each 

Core Permissible
Investment option in excess of 20 is $500.00 per option and such fee is
in addition to any fees specified elsewhere in this Service Agreement,
including any Appendices and amendments hereto. 
The annual fee for excess Core Permissible Investment options shall be
billed or charged quarterly in arrears and paid by the Employer.  The Fidelity Freedom funds collectively shall
each count as one Core Permissible Investment option.  Any change to the Permissible Investment
options selected by the Employer after the effective date of this Service
Agreement shall require an amendment to this Service Agreement and may result
in amended or additional fees.EXHIBIT 10.12

 

The
CORPORATEplan for RetirementSM

EXECUTIVE PLAN

 

Adoption
Agreement

 

 

 

IMPORTANT
NOTE

This document has not been approved by the
Department of Labor, the Internal Revenue Service or any other governmental
entity  An Adopting Employer must determine
whether the plan is subject to the Federal securities laws and the securities
laws of the various states.  An Adopting
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 provide you with legal advice in connection
with the execution of this document. 
This document should be reviewed by the Employer’s attorney prior to
execution.

ADOPTION
AGREEMENT

ARTICLE 1

1.01                        PLAN INFORMATION

(a)                                 Name
of Plan:

This is the Chicago Board Options Exchange
Supplemental Retirement Plan (the “Plan”).

(b)                                 Name
of Plan Administrator, if not the Employer:

 

Address:

 

Phone Number:

The Plan Administrator is the agent for service of
legal process for the Plan.

(c)                                  Plan
Year End is December 31.

(d)                                 Plan
Status (check one):

(1)                                  x                                  Effective
Date of new Plan:  2/16/2005

(2)                                  o                                    Amendment
Effective Date:  

The original effective date of the Plan:  

1.02                        EMPLOYER

(a)                                 The
Employer is:                                                  Chicago Board Options Exchange,
Inc.

 

Address:                                                                                                 400 South LaSalle Street 5th
Floor

Chicago, IL 
60605

Contact’s
Name:                                                        Deborah
Woods

Telephone Number:                                       312-786-7177

(1)                                  Employer’s
Tax Identification Number:  36-2730838

(2)                                  Business
form of Employer (check one):

(A)                              x                                  Corporation
(Other than a Subchapter S corporation)

(B)                                o                                    Other
(e.g., Subchapter S corporation, partnership, sole proprietor)

(3)                                  Employer’s
fiscal year end:  12/31

 1
 

(b)                                 The
term “Employer” includes the following Related Employer(s)

(as defined in Section
2.01(a)(24)):

1.03                        COVERAGE

(a)                                 The
following Employees are eligible to participate in the Plan:

(1)                                  o                                  Only
those Employees listed in Attachment A will be eligible to participate in the
Plan.

(2)                                  x                                Only
those Employees in the eligible class described below will be eligible to
participate in the Plan:

Per the attached amendment to the Adoption Agreement.

(3)                                  o                                  Only
those Employees described in the Board of Directors Resolutions attached hereto
and hereby made a part hereof will be eligible to participate in the Plan.

(b)                                 The
Entry Date(s) shall be (check
one):

(1)                                  o                                    each
January 1.

(2)                                  o                                    each
January 1 and each July 1.

(3)                                  o                                    each
January 1 and each April 1, July 1 and October 1.

(4)                                  o                                    the
first day of each month.

(5)                                  x                                  immediate
upon meeting the eligibility requirements specified in Subsection 1.03(a).

1.04                        COMPENSATION

For purposes of determining
Contributions under the Plan, Compensation shall be as defined (check (a) or
(b) below, as appropriate):

(a) x                in Section 2.01(a)(8), (check (1) or
(2) below, if and as appropriate)):

(1)                                  o                                    but
excluding (check the appropriate box(es)):

(A)                              o                                  Overtime
Pay.

(B)                                o                                  Bonuses.

(C)                                o                                  Commissions.

(D)                               o                                  The
value of a qualified or a non-qualified stock option granted to an Employee by
the Employer to the extent such value is includable in the Employee’s taxable
income.

 2
 

(E)                                 o                                    The
following:

(2)                                     x                               except
as otherwise provided below:

For determining contributions under the Plan,
Compensation shall include base compensation and bonuses, and shall also
include amounts deferred by the Participant under the Chicago Board of Options
Exchange Deferred Compensation Plan for Officers.  Compensation shall specifically exclude
amounts contributed by the Employer under the Senior Executive Cafeteria Plan.

(b)                                 o                                   in
the                        
Plan maintained by the Employer to the extent it is in excess of the limit
imposed under Code Section 401(a)(17).

1.05                        CONTRIBUTIONS

(a)                                 Employee
contributions (Complete all that apply)

(1)                                  x                                 Deferral
Contributions.  The Employer shall make a
Deferral Contribution in accordance with, and subject to, Section 4.01 on
behalf of each Participant who has an executed salary reduction agreement in
effect with the Employer for the calendar year (or portion of the calendar
year) in question, not to exceed 13 % of Compensation, exclusive of
any Bonus.

(2)                                  x                                 Bonds
Contributions.  The Employer requires
Participants to enter into a special salary reduction agreement to make
Deferral Contributions of any percentage of Employer paid cash Bonuses, up to
100% of such Bonuses.  (The Compensation
definition elected by the Employer in Section 1.04 must include Bonuses if
Bonus contributions are permitted.)

(b)                                 x                                 Matching
Contributions (Choose (1) or (2) below, and (3) below, as applicable.)

(1)                                  x                                 The
Employer shall make a Matching Contribution on behalf of each Participant in an
amount equal to the following percentage of a Participant’s Deferral
Contributions during the Plan Year (check one):

(A)                              o                                    50%

(B)                                o                                    100%

(C)                                o                                         %

(D)                               o                                    (Tiered
Match)      % of the first      %
of the Participant’s Compensation contributed to the Plan.

 3
 

(E)                                 o                                    The
percentage declared for the year, if any, by a Board of Directors’ resolution.

(F)                                 x                                  Other:               200%

(2)                                  o                                    Matching
Contribution Offset.  For each
Participant who has made 401(k) Deferrals at least equal to the maximum under
Code Section 402(g) or, if less, the maximum permitted under the Qualified
Plan, the Employer shall make a Matching Contribution for the calendar year
equal to (A) minus (B) below:

(A)                            The
401(m) Match that the Participant would have received under the Qualified Plan
for such calendar year on the sum of the Participant’s Deferral Contributions
and the Participant’s 401(k) Deferrals if no limits otherwise imposed by tax
law applied to 401(m) Match and deeming the Participant’s Deferral
Contributions to be 401(k) Deferrals.

(B)                              The
401(m) Match actually allocated to such Participant under the Qualified Plan
for the calendar year.

For purposes of this Section 1.05(b):  “Qualified Plan” means the Plan; “401(k)
Deferrals” means contributions under the Qualified Plan’s cash or deferred
arrangement as defined in Code Section 401(k); and “401(m) Match” means a
matching contribution as defined in Code Section 401(m).

(3)                                  x                                  Matching
Contribution Limits (check the appropriate box(es)):

(A)                              x                                Deferral
Contributions in excess of 4% of the Participant’s Compensation for the
period in question shall not be considered for Matching Contributions.

Note:                 If the Employer
elects a percentage limit in (A) above and requests the Trustee to account
separately for matched and unmatched Deferral Contributions, the Matching
Contributions allocated to each Participant must be computed, and the
percentage limit applied, based upon each period.

(B)                                o                                  Matching
Contributions for each Participant for each Plan Year shall be limited to $           .

(4)                                  Eligibility
Requirement(s) for Matching Contributions. 
A Participant who makes Deferral Contributions during the Plan Year
under Section 1.05(a) shall be entitled to Matching Contributions for that Plan
Year if the 

 4
 

Participant satisfies the
following requirement(s) (Check the appropriate box(es).  Options (B) and (C) may not be elected
together):

(A)                              o                                    Is
employed by the Employer on the last day of the Plan Year.

(B)                                o                                    Earns
at least 500 Hours of Service during the Plan Year.

(C)                                o                                    Earns
at least 1,000 Hours of Service during the Plan Year.

(D)                               o                                    Other:                     

(E)                                 x                                  No
requirements.

Note:                   If option (A), (B) or (C) above is
selected, then Matching Contributions can only be made
by the Employer after the Plan Year ends.  Any Matching Contribution made before Plan
Year end shall not be subject to the eligibility requirements of this Section
1.05(b)(3)).

(c)                                  Employer
Contributions

(1)                                  o                                    Fixed
Employer Contributions.  The Employer
shall make an Employer Contribution on behalf of each Participant in an amount
determined as described below (check at least one):

(A)                              o                                    In
an amount equal to       % of each Participant’s
Compensation each Plan Year.

(B)                                o                                    In
an amount determined and allocated as described below:

(C)                                o                                    In
an amount equal to (check at least one):

(i.)                                  o                                    Any
profit sharing contribution that the Employer would have made on behalf of the
Participant under the following qualified defined contribution plan but for the
limitations imposed by Code Section 401(a)(17):

(ii.)                               o                                    Any
contribution described in Code Section 401(m) that the Employer would have made
on behalf of the Participant under the following qualified defined contribution
plan but for the limitations imposed by Code 

 5
 

Section 401(a)(17):

(2)                                  x                                 Discretionary
Employer Contributions.  The Employer
may make Employer Contributions to the accounts of Participants in any amount,
as determined by the Employer in its sole discretion from time to time, which
amount may be zero.

(3)                                                                                 Eligibility
Requirement(s) for Employer Contributions. 
A Participant shall only be entitled to Employer Contributions under
Section 1.05(c)(1) for a Plan Year if the Participant satisfies the following
requirement(s) (Check the appropriate box(es). 
Options (B) and (C) may not be elected together):

(A)                              o                                    Is
employed by the Employer on the last day of the Plan Year.

(B)                                o                                    Earns
at least 500 Hours of Service during the Plan Year.

(C)                                o                                    Earns
at least 1,000 Hours of Service during the Plan Year.

(D)                               o                                    Other:                                                               

(E)                                 x                                  No
requirements.

1.06                        DISTRIBUTION
DATES

Distribution from a Participant’s Account pursuant to
Section 8.02 shall begin upon the following date(s) (check either (a) or (b);
check (c), if desired):

(a)                                 o                                   Non-Class
Year Accounting (complete (1) and (2)).

(1)                                 The
earliest of termination of employment with the Employer (see Plan Section 7.03)
and the following event(s) (check appropriate box(es); if none selected, all
distributions will be upon termination of employment):

(A)                              o                                    Attainment
of Normal Retirement Age (as defined in Section 1.07(f)).

(B)                                o                                    Attainment
of Early Retirement Age (as defined in Section 1.07(g)).

(C)                                o                                    The
date on which the Participant becomes disabled (as defined in Section 1.07(h)).

(2)                                 Timing
of distribution (check either (A) or (B)).

 6
 

(A)                              o                                  The
distribution of the Participant’s Account will be begin in the month following
the event described in (a)(1) above, however, if the event is termination of
employment, then such distribution will begin as soon as practicable on or
after the 1st day of the seventh calendar month following such separation if
the Participant was a Key Employee.

(B)                                o                                  The
distribution of the Participant’s Account will begin as soon as
administratively feasible in the calendar year following distribution event
described in (a)(1) above, provided however, that if the event is termination
of employment, in no event will such distribution begin earlier than the 1st
day of the seventh calendar month following such separation if the Participant
was a Key Employee.

(b)                                 x                                 Class
Year Accounting (complete (1) and (2)).

(1)                                  Upon
(check at least one; (A) must be selected if plan has contributions pursuant to
section 1.05(b) or (c)):

(A)                              x                                Termination
of employment with the Employer (see Plan Section 7.03); provided however, that
if the event is termination of employment, in no event will such distribution
begin earlier than the 1st day of the seventh calendar month following such
separation if the Participant was a Key Employee.

(B)                                x                                The
date elected by the Participant, pursuant to Plan Section 8.02, and subject to
the restrictions imposed in Plan Section 8.02 with respect to future Deferral
Contributions, in which event such date of distribution must be at least one
year after the date such Deferral Contribution would have been paid to the
Participant in cash in the absence of the election to make the Deferral
Contribution.

(2)                                  Timing
of distribution subject to Subsection (b)(1)(A) above (check either (A) or
(B)).

(A)                              x                                The
Distribution of the Participant’s Account will begin 4/1 (specify month and
day) following the event described in (b)(1)(B) above.

(B)                                o                                  The
Distribution of the Participant’s Account will begin          
(specify month and day) of the calendar year following the event described in
(b)(1) above.

(c)                                  x                                 Upon
a Change of Control in accordance with Plan Section 7.08.

 7

Note:                   Internal Revenue Code Section 280G
could impose certain, adverse tax consequences on both Participants and the
Employer as a result of the application of this Section 1.06(c).  The Employer should consult with its attorney
prior to electing to apply Section 1.06(c).

1.07                        VESTING
SCHEDULE

(a)                                 The
Participant’s vested percentage in Matching Contributions elected in Section
1.05(b) shall be based upon the schedule(s) selected below.

(1)                                  o                                    N/A
- No Matching Contributions

(2)                                  o                                    100%
Vesting immediately

(3)                                  o                                    3
year cliff (see C below)

(4)                                  o                                    5
year cliff (see D below)

(5)                                  o                                    6
year graduated (see E below)

(6)                                  o                                    7
year graduated (see F below)

(7)                                  x                                  G below

(8)                                  o                                    Other
(Attachment “B”)

	
  Years of

  Service for

  	
   

  	
  Vesting Schedule

  	
   

  
	
  Vesting

  	
   

  	
  C

  	
   

  	
  D

  	
   

  	
  E

  	
   

  	
  F

  	
   

  	
  G

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  0

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0.00

  	
   

  
	
  1

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20.00

  	
   

  
	
  2

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20

  	
  %

  	
  0

  	
  %

  	
  40.00

  	
   

  
	
  3

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  40

  	
  %

  	
  20

  	
  %

  	
  60.00

  	
   

  
	
  4

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  60

  	
  %

  	
  40

  	
  %

  	
  80.00

  	
   

  
	
  5

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  60

  	
  %

  	
  100.00

  	
   

  
	
  6

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  100.00

  	
   

  
	
  7

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  

 

(b)                                 The
Participant’s vested percentage in Employer Contributions elected in Section
1.05(c) shall be based upon the schedule(s) selected below.

(1)                                  o                                    N/A
- No Employer Contributions

(2)                                  o                                    100%
Vesting immediately

(3)                                  o                                    3
year cliff (see C below)

 8
 

(4)                                  o                                    5
year cliff (see D below)

(5)                                  o                                    6
year graduated (see E below)

(6)                                  o                                    7
year graduated (see F below)

(7)                                  x                                  G below

(8)                                  o                                    Other
(Attachment “B”)

	
  Years of

  Service for

  	
   

  	
  Vesting Schedule

  	
   

  
	
  Vesting

  	
   

  	
  C

  	
   

  	
  D

  	
   

  	
  E

  	
   

  	
  F

  	
   

  	
  G

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  	
   

  
	
  0

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0.00

  	
   

  
	
  1

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20.00

  	
   

  
	
  2

  	
   

  	
  0

  	
  %

  	
  0

  	
  %

  	
  20

  	
  %

  	
  0

  	
  %

  	
  40.00

  	
   

  
	
  3

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  40

  	
  %

  	
  20

  	
  %

  	
  60.00

  	
   

  
	
  4

  	
   

  	
  100

  	
  %

  	
  0

  	
  %

  	
  60

  	
  %

  	
  40

  	
  %

  	
  80.00

  	
   

  
	
  5

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  60

  	
  %

  	
  100.00

  	
   

  
	
  6

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  80

  	
  %

  	
  100.00

  	
   

  
	
  7

  	
   

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  	
  100

  	
  %

  

 

(c)                                  o                                   Years
of Service for Vesting shall exclude (check one):

(1)                                  o                                    for
new plans, service prior to the Effective Date as defined in Section
1.01(d)(1).

(2)                                  o                                    for
existing plans converting from another plan document, service prior to the
original Effective Date as defined in Section 1.01(d)(2).

(d)                                 x                                 A
Participant will forfeit his Matching Contributions and Employer Contributions
upon the occurrence of the following event (s):

Per attached amendment to
1.07(d)

(e)                                  A
Participant will be 100% vested in his Matching Contributions and Employer
Contributions upon (check the appropriate box(es), if any; if 1.06(c) is
selected, Participants will automatically vest upon Change of Control as
defined in Section 1.12):

(1)                                  o                                    Normal
Retirement Age (as defined in Section 1.07(f)).

(2)                                  o                                    Early
Retirement Age (as defined in Section 1.07(g)).

(3)                                  x                                  Death.

 9
 

(4)                                  x                                  The
date on which the Participant becomes disabled, as determined under Section
1.07(h) of the Plan.

(f)                                    Normal
Retirement Age under the Plan is (check one):

(1)                                  o                                    age
65.

(2)                                  o                                    age
            
(specify from 55 through 64).

(3)                                  o                                    the
later of age        (cannot exceed 65) or the
fifth anniversary of the Participant’s Commencement Date.

If no box is checked in this Section 1.07(f), then
Normal Retirement Age is 65.

(g)                                 o                                   Early
Retirement Age is the first day of the month after the Participant attains age      
(specify 55 or greater) and completes              
Years of Service for Vesting.

(h)                                 x                                 A
Participant is considered disabled when that Participant (check one):

(1)                                  o                                    is
unable to engage in any substantial gainful activity by reason of any medically
determinable physical or mental impairment which can be expected to result in
death or can be expected to last for a continuous period of not less than 12
months.

(2)                                  o                                    is,
by reason of any medically determinable physical or mental impairment which can
be expected to result in death or can be expected to last for a continuous
period of not less than 12 months, receiving income replacement benefits for a
period of not less than 3 months under an accident and health plan covering
employees of the Employer.

1.08                        PREDECESSOR
EMPLOYER SERVICE

o                                    Service for purposes of vesting in Section 1.07(a)
and (b) shall include service with the following employer(s):

1.09                        UNFORESEEABLE
EMERGENCY WITHDRAWALS

Participant withdrawals for
unforeseeable emergency prior to termination of employment (check one):

(a)                                 x                                 will
be allowed in accordance with Section 7.07, subject to a $1,000 minimum
amount.  (Must be at least $1,000)

(b)                                 o                                   will
not be allowed.

 10
 

1.10                        DISTRIBUTIONS

Subject to Articles 7 and 8
distributions under the Plan are always available as a lump sum.  Check below to allow distributions in
installment payments:

x                                  under a systematic withdrawal plan (installments)
not to exceed 10 years which (check one if box for this Section is selected):

(a)                                 o                                   will
not be accelerated, regardless of the Participant’s Account balance.

(b)                                 x                                 will
be accelerated to a lump sum distribution in accordance with Section 8.03

1.11                        INVESTMENT
DECISIONS

(a)                                 Investment
Directions

Investments in which the
Accounts of Participants shall be treated as invested and reinvested shall be
directed (check one):

(1)                                  o                                    by
the Employer among the options listed in (b) below.

(2)                                  x                                  by
each Participant among the options listed in (b) below.

(3)                                  o                                    in
accordance with investment directions provided by each Participant for all
contribution sources in a Participant’s Account except the following sources
shall be invested as directed by the Employer (check (A) and/or (B)):

(A)                              o                                    Nonelective
Employer Contributions

(B)                                o                                    Matching
Employer Contributions

The Employer must direct the applicable sources among
the same investment options made available for Participant directed sources
listed in the Service Agreement.

(b)                                 Plan
Investment Options

Participant Accounts will be
treated as invested among the Investment Funds listed in the Service Agreement
from time to time pursuant to Participant and/or Employer directions, as
applicable.

Note:                 The method and
frequency for change of investments will be determined under the rules
applicable to the selected funds. 
Information will be provided regarding expenses, if any, for changes in
investment options.

 11
 

1.12                        RELIANCE
ON PLAN

An adopting Employer may not rely solely on this Plan
to ensure that the Plan is “unfunded and maintained primarily for the purpose
of providing deferred compensation for a select group of management or highly
compensated employees” with respect to the Employer’s particular situation.  This Agreement must be reviewed by the
Employer’s attorney before it is executed.

This Adoption Agreement may be used only in
conjunction with the CORPORATEplan for Retirement Executive Plan Basic Plan
Document.

 12
 

EXECUTION
PAGE

(Employer’s Copy)

IN
WITNESS WHEREOF, the Employer has caused this Adoption Agreement to be executed
this 17th day of February, 2005.

	
  

  	
   

  	
  Employer

  	
  Chicago Board Options Exchange

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title

  	
  Executive V.P. Finance & CFO

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Employee

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  By

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  Title

  	
   

  

 

 13

Attachment A

Pursuant to Section 1.03(a), the following are the
Employees who are eligible to participate in the Plan:

	
  

  	
  Employer

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  By

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Title

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Date

  	
   

  	
   

  	
   

  

 

Note:                   The
Employer must revise Attachment A to add Employees as they become eligible or
delete Employees who are no longer eligible. 
Attachment A should be signed and dated every time a change is made.

Attachment B

	
  (a)

  	
   

  	
  o

  	
   

  	
  The Participant’s vested
  percentage in Matching Contributions elected in Section 1.05(b) shall be
  based upon the following schedule:

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  	
   

  
	
  (b)

  	
   

  	
  o

  	
   

  	
  The Participant’s vested
  percentage in Employer Contributions elected in Section 1.05(c) shall be
  based upon the following schedule:

  

 

The
CORPORATEplan for RetirementSM

EXECUTIVE Plan

Service Agreement

 

 

 

IMPORTANT NOTE

The CPR Executive Plan has not been
approved by the Department of Labor, the Internal Revenue Service or any other
governmental entity.  An Adopting
Employer must determine whether the plan is subject to the Federal securities
laws and the securities laws of the various states.  An Adopting Employer may not rely on the CPR
Executive Plan documents 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
provide you with legal advice in connection with the execution of any of the
CPR Executive Plan documents.  The CPR
Executive Plan document should be reviewed by the Employer’s attorney prior to
execution.

 

The CORPORATEplan for RETIREMENTSM

Executive Plan Service Agreement

EXECUTIVE PLAN

This
Agreement is between Fidelity Management Trust Company (“Fidelity”) and Chicago
Board Options Exchange, Inc. (the “Employer”), who maintains the Plan designated
below.

	
  

  	
  Chicago Board Options Exchange Supplemental

  
	
  Plan Name:

  	
  Retirement Plan

  
	
   

  	
   

  	
   

  
	
  Implementation Type:

  	
  Start Up Plan

  
	
   

  	
   

  	
   

  
	
  Effective Date:

  	
  02/27/2005

  
	
   

  	
   

  	
   

  
	
  Implementation Date:

  	
  02/27/2005

  

 2
 

Article
I.                Basic Services And Fees

A.                                    Implementation
Services

Set Up Fee:                                                                                                                                      Fee
Waived

Includes:

·                  Model plan
document and trust agreement for review by Employer’s legal counsel.

·                  Camera-ready
copy of all relevant Administrative Forms

·                  Employee
Communication Materials

·                  Fidelity Plan Sponsor
WebStation (PSW) Workbench Software and Reference Manual

·                  Implementation
Conference Call.  Issues covered include
data transmission, contribution processing cycles, plan administrative needs,
plan profile, project timetables, and resource coordination.

·                  Preparation of
Participant and plan records for the Fidelity Participant Recordkeeping System
(FPRS).

·                  Reconciliation
of all contribution data.

Conversion Fee:                                                                                                                              Fee
Waived

Includes:

·                  Review of prior
plan document and comparison to CPR document

·                  Reconciliation
of Participant records and Plan assets

·                  Verification
report for all records received by Fidelity via electronic file (e.g.,
Participant indicative, balances)

·                  Implementation
conference call with consultation provided on the following:

·                  Conversion
method

·                  Data
transmission methods

·                  Asset transfer
process

·                  Coordination
with prior trustee or custodian for transfer of assets

 3
 

B.                                    Administrative
Services

Annual fee:                                                                                                                                      Fee
Waived

Includes:

Plan Administrator
Services:

·                  Contribution
processing as provided in Appendix C

·                  Employer access
to PSW, includes up to 2 User Identification Numbers

·                  Daily valuation

·                  Investment
exchanges of existing Participant account balances

·                  Investment
direction of future contributions

·                  Monthly Trial
Balance Report

·                  Distribution
processing as provided in Appendix D

·                  Quarterly
Administrative Report**

·                  Annual Plan-Year
End Summary Reporting Package (cash basis).

·                  Custody of plan
assets held in trust at Fidelity.

Participant Services:

·                  Participants’
Quarterly Statements as provided in Appendix B**

·                  Internet access
(via NetBenefits) to account balance and fund price information

·                  Maintenance of
individual account records for each Participant.

·                  Telephone access
to account balance and fund price information

·                  Investment
exchanges of existing Participant account balances

·                  Investment
direction of future contributions

**          The Quarterly
Administrative Report and Quarterly Statements will be generated based on:

January 31, April 30,
July 31, and October 31 cycle.

 4
 

Article II.              Terms And Conditions

The
Implementation, Administrative and Trustee Services on the preceding pages are
contingent upon the following tends:

1.                                      Required
Documentation:  This Service
Agreement may only be used in conjunction with the CORPORATEplan for Retirement Executive Plan (“CPR Executive”) and Trust
Agreement (“Trust Agreement”) provided by Fidelity.  Fidelity’s provision of Administrative and
trustee services under this Service Agreement shall be conditioned on the
Employer delivering to the Trustee a copy of the executed CPR Executive
Adoption Agreement and any amendments as soon as administratively feasible
following the Plan’s or the amendment’s adoption.

2.                                      Data
Submission:  The Employer or Plan
Administrator will provide Fidelity on a timely basis with accurate and
complete data via PSW.  As of the
Implementation Date, the Employer or Plan Administrator must send Fidelity the
following required data for each new or existing Participant: name, address,
employment dates, employment status, status under the Plan as a Key Employee
(if applicable), and initial investment elections.  After the Implementation Date, the Employer
or Plan Administrator may only send Fidelity the aforementioned information for
a new Participant or changes to the name, address, employment dates, employment
status, or status as a Key Employee for an existing Participant.  The inclusion of an Employee in the
information submitted to Fidelity shall constitute notice to Fidelity that such
Employee has been made a participant in the Plan pursuant to Section 1.03 of
the CPR Executive Adoption Agreement. 
Investment election changes may only be made as provided in this Article
II, Section Four.  Fidelity will not be
responsible for any losses and/or expenses that arise due to the submission of
incorrect or incomplete data, or data transmitted to Fidelity in an improper
format.

3.                                      Services:  Fidelity will have the responsibility to
perform only the services set forth in Articles I and II and Appendices A
through E of this Agreement, effective as of the Implementation Date.  All other functions, including distributions
to plan participants and any and all required tax reporting or withholding,
except to the extent Fidelity has approved performing a distribution service as
described in Appendix D, shall be the responsibility of the Employer and the
Plan Administrator.

4.                                      Participant
investment Direction:  If the
Employer has selected participant direction for the treatment of the investment
and reinvestment of contributions in the CPR Executive Adoption Agreement, the
Trustee is directed to invest and reinvest such funds in a manner which
corresponds directly to elections made by Participants.  Each Participant in the Plan shall submit
his/her initial investment elections to the Employer or Plan
Administrator.  These elections will then
be submitted to Fidelity by the Employer or Plan Administrator in accordance
with the terms set forth in Section One. 
Thereafter, all subsequent investment elections for existing
Participants may only be directed in accordance with this Section Four.  Fidelity will not be responsible for any
losses and/or expenses that arise for clients who provide changes for existing
Participant investment elections via PSW.

 5
 

After his/her initial investment election, each
Participant in the Plan shall be permitted to direct the investment of his/her
individual account balance and investment of future contributions among the
Permissible Investments as provided in, and subject to the provisions of,
Appendix A to this Agreement through the use of Fidelity’s telephone exchange
system or an internet or other electronically based exchange system.  The Employer hereby directs Fidelity to act
upon such instructions without questioning the authenticity of such direction.

The number of exchanges from a Participant’s existing
account balance will be governed by the mutual fund prospectus or other
governing document for that investment, unless indicated otherwise in Appendix
A or E.  Fidelity reserves the right to
modify or withdraw the exchange privilege in the future.  Except as otherwise provided in this
Agreement, including any Appendices, a proper exchange request received by
Fidelity prior to the closing of the New York Stock Exchange shall be effective
on that day.

A Participant shall be required to provide personal
identification information prior to being given access to his/her
accounts.  For security purposes, upon
proper notice to Fidelity, the Employer may direct that a Participant using the
telephone exchange system be required to respond to additional questions (e.g.,
date of birth, date of hire) before being able to access his/her accounts.  Only authorized Plan contact(s) and the
Participant shall have access to a Participant’s account.  A third party may not have access to the
Participant’s account or make exchanges of existing account balance and/or
changes in the investment of future contributions.  Upon proper documentation and notice to the
Employer, an individual who becomes an active Beneficiary in accordance with the
Basic Plan Document due to the death of the Participant shall have the right to
access the deceased Participant’s account for purposes of directing
investments.  Fidelity reserves the right
to establish a separate account for the Beneficiary based upon his/her
entitlement to the deceased Participant’s account.

A Participant may not change his/her address through a
telephone or internet exchange system. 
All such changes must be submitted to the Employer.  The Employer shall then send such changes to
Fidelity in the required format.

5.                                      Employer
Investment Direction:  If
Employer investment direction is chosen by the Employer, then all Participant
accounts must be invested in Permissible Investments as provided in, and
subject to the provisions of, Appendix A to this Agreement.  A Participant will not be allowed to make any
telephone exchanges of his/her account balance. 
The Employer may replace any existing Fidelity Fund(s) for another by
providing Fidelity with proper written direction at least thirty days prior to
the effective date of the change. 
Fidelity will charge the Employer a reasonable additional fee to
facilitate the replacement of the fund(s).

6.                                      Contributions:  The Employer will be responsible for
determining Employee eligibility and for computing Employee and/or Employer
contributions for eligible Participants. 
The Employer shall provide contribution related information and make
contributions to the Plan in the manner provided in Appendix C.  If the Employer desires to use a Participant’s
interest in the Plan to pay that Participant’s employment taxes due on vested

 6
 

accruals under the Plan,
the Employer shall accomplish such payments by reducing contributions to the
Trust and shall be solely responsible for all tax reporting consequences of that
reduction.

7.                                      Distributions:  Unless Fidelity has approved the Plan for a
different service as described in Appendix D, Fidelity shall disburse monies to
the Employer for Participant benefit payments in the amounts the Employer
directs.  Distributions to Participants
or Beneficiaries shall be requested by the Employer in the method described
within, and subject to the constraints of, Appendix D.

8.                                      Fees:  As consideration for its services under this
Agreement, Fidelity shall be entitled to the fees computed in accordance with
Articles I and II and any Appendices or amendments to this Agreement.  A reasonable additional fee will be charged
if Fidelity has to reprocess any contribution data transmission due to excessive
errors of the Employer or payroll vendor. 
Additional services and special reports or statements may be provided if
Fidelity and Employer enter into a separate written agreement identifying such
services and the associated fees. 
Fidelity shall be entitled to reasonable compensation for its costs and
expenses incurred in the event of termination of this Agreement.  However, Fidelity reserves the right to
charge a termination fee equal to a full year of fees identified under Articles
I and II in the event the Employer terminates its relationship with Fidelity
within one year after the Implementation Date.

The implementation service fee in Article I will be
billed during the implementation process. 
The administrative and trustee fees in Article II will become effective
as of the later of the Plan’s Effective Date in Section 1.01(d) of the Adoption
Agreement or the Implementation Date. 
These fees shall be billed in arrears to the Employer quarterly.

If payment of the aforementioned fees is not received
by Fidelity within sixty days of receipt of Fidelity’s quarterly invoice, or
the fees are to be paid by the Participants, then the fees shall be paid from
the Trust fund.  Unless allocable to the
accounts of particular Participants, such fees shall be charged against the
respective accounts of all Participants on a per capita basis.

9.                                      Duration
and Amendment:  This Agreement
shall remain in effect for the remainder of the current calendar year and shall
thereafter be automatically extended for successive one-year terms.  Either party, however, by sixty days prior
written notice to the other, may terminate this Agreement unless the receiving
party agrees to a shorter notice period. 
This Agreement may be amended or modified at any time and from time to
time by an instrument executed by the parties. 
Notwithstanding the foregoing, Fidelity reserves the right to (1)
terminate this Agreement if the Employer terminates any other agreement the
Employer has with Fidelity to provide recordkeeping services to a retirement
plan and (2) amend unilaterally to update services and procedures or to revise
the fee schedule upon sixty days prior written notice to the Employer.

10.                               Beneficiary
Designation Forms:  The Employer
or Plan Administrator will be responsible for physical custody of all
Participant beneficiary designation forms.

 7
 

11.                               Service
Providers:  Fidelity Management
Trust Company is the Trustee of the Employer’s Plan under CPR Executive.  Fidelity may use its affiliates in providing
the services described in this Agreement.

12.                               Construction
and Interpretation:  This
Agreement shall be consumed in accordance with the laws of the Commonwealth of
Massachusetts except to the extent such laws are superseded by Section 514 of
ERISA.  Unless defined herein or a
different meaning is clearly required by the context, capitalized terms shall
have the meanings set forth in the Trust.

13.                               Reliance
and Indemnification:  Fidelity
may rely upon and act upon any writing or any other medium acceptable to
Fidelity, including but not limited to electronic medium, from any person authorized
by the Employer to give instructions concerning the Plan and may conclusively
rely upon and be protected in acting upon any written or electronic order from
the Employer or upon any other notice, request, consent, certificate, or other
instructions or paper reasonably believed by it to have been executed by a duly
authorized person, so long as it acts in good faith in taking or omitting to
take any such action.  Fidelity need not
inquire as to the basis in fact of any statement in writing received from the
Employer.  Fidelity shall be entitled to
reasonably rely upon the information provided by the Employer in performance of
its duties hereunder.  Unless resulting
from Fidelity’s negligence or willful misconduct, the Employer shall indemnify
and save harmless Fidelity from any and all liabilities and expenses, including
without limitation, reasonable attorney’s fees incurred or required to be paid
by Fidelity in connection with the Plan.

Notwithstanding anything in this Agreement to the
contrary and subject to the provisions of the attached Appendices to this
Agreement, (i) any direction, notice or other communication provided to the
Employer or Fidelity by another party required to be in writing by the Plan or
this Service Agreement, (ii) any service provided under this Agreement
requiring or utilizing written information, or (iii) any written communication
or disclosure to Participants required by the Plan or this Service Agreement
may be provided through any medium that is permitted under applicable law or
regulation and, to the extent so allowed, will no longer require any writing to
which reference is made in this Agreement.

 8
 

 

Specimen
Signatures

At
least one person is required to be authorized to provide instructions to
Fidelity Management Trust Company regarding the CORPORATEplan for Retirement Executive Plan Account.  Only the following person(s) designed below
is/are authorized to advise Fidelity on all plan administrative matters:

	
  NAME & TITLE

  	
   

  	
  SPECIMEN
  SIGNATURE

  	
   

  
	
  Alan J. Dean

  	
   

  	
  /s/ Alan J. Dean

  	
   

  
	
   

  	
   

  	
   

  
	
  Executive V.P. Finance & CFO

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Deborah Woods

  	
   

  	
  /s/ Deborah
  Woods

  	
   

  
	
   

  	
   

  	
   

  
	
  Vice President—Human Resources

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Theresa Trice 

  	
   

  	
  /s/ Theresa
  Trice

  	
   

  
	
   

  	
   

  	
   

  
	
  Director—Benefits

  	
   

  	
   

  
	
   

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  

 

PROCEDURE
FOR CHANGING SPECIMEN SIGNATURES:

The
specimen signatures can be changed by the Employer at any time.  To add to a new authorized signer, the
Employer must send a letter of instruction signed by an authorized individual
to the Account Manager, with an original specimen signature of the new
authorized signer.  To delete or replace
a signer, the Employer should identify the name(s) of the individual(s) who are
no longer authorized signer(s).  The
Employer must provide any change at least ten business days prior to the date
the change will become effective.

 9
 

 

Execution Page (Client’s
Copy)

This
Agreement shall be effective upon execution by both parties.  By executing this Agreement, the parties
agree to terms and conditions contained in the Agreement and the following
attached Appendices:

	
  Service Agreement

  	
   

  	
  Original

  Effective Date

  	
   

  	
  Revision Date(s)

  
	
  Articles I (Basic
  Services and Fees)

  	
   

  	
  02/27/2005

  	
   

  	
   

  
	
  Article II (Terms and
  Conditions)

  	
   

  	
  02/27/2005

  	
   

  	
   

  
	
  Appendix A (Plan
  Investment Options)

  	
   

  	
  02/27/2005

  	
   

  	
   

  
	
  Appendix B (Enrollment
  and Education Services)

  	
   

  	
  02/27/2005

  	
   

  	
   

  
	
  Appendix C
  (Contribution Processing)

  	
   

  	
  02/27/2005

  	
   

  	
   

  
	
  Appendix D
  (Distribution Processing)

  	
   

  	
  02/27/2005

  	
   

  	
   

  
	
  Appendix E
  (Miscellaneous)

  	
   

  	
  02/27/2005

  	
   

  	
   

  

 

In
witness whereof, the parties hereto have caused this Agreement to be executed
by their duly authorized officers.

	
  Employer:

  	
   

  	
  Employer:

  
	
   

  	
   

  	
   

  
	
  /s/ Deborah Woods

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Signature)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Signature)

  
	
  Deborah Woods

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Print Name)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Print Name)

  
	
  Vice President—Human Resources

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Title)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Title)

  
	
  2-17-05

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  (Date)

  	
   

  	
   

  	
   

  
	
   

  	
   

  	
  (Date)

  

 

Note:                   Only one
authorized signature is required to execute this Agreement unless the Employer’s
corporate policy mandates multiple authorized signatures.

Fidelity Management Trust
Company:

	
  /s/ Glen J. Kindness

  	
   

  

 

 10
 

 

	
  (Signature)

  
	
   

  
	
  Glen J. Kindness

  	
   

  
	
   

  
	
   (Print Name)

  
	
   

  
	
  Authorized Signatory

  	
   

  
	
   

  
	
  (Title)

  
	
   

  
	
  February 23, 2005

  	
   

  
	
   

  
	
  (Date)

  

 

 11

APPENDIX A — INVESTMENT
SCHEDULE AND SERVICES

Participant
Accounts under the Trust shall be invested among the Permissible Investment
options listed below pursuant to Participant and/or Employer directions and
pursuant to the conditions and limitations contained in this Appendix A.  Unless specifically indicated otherwise
within this Appendix A, Appendix E, or an amendment to this Agreement,
purchases, sales and exchanges of each Permissible Investment option are controlled
by that Permissible Investment’s prospectus or other governing document(s).

1.                                      Fidelity
Funds (Core Options):

	
  Fund #

  	
   

  	
  Fidelity Fund Name

  
	
   

  	
   

  	
   

  
	
  0314

  	
   

  	
  Fidelity Asset Manager®

  
	
  0038

  	
   

  	
  Fidelity Capital & Income Fund

  
	
  0022

  	
   

  	
  Fidelity Contrafund®

  
	
  0370

  	
   

  	
  Fidelity Freedom 2000 Fund®

  
	
  1312

  	
   

  	
  Fidelity Freedom 2005 Fund

  
	
  0371

  	
   

  	
  Fidelity Freedom 2010 Fund®

  
	
  1313

  	
   

  	
  Fidelity Freedom 2015 Fund

  
	
  0372

  	
   

  	
  Fidelity Freedom 2020 Fund®

  
	
  1314

  	
   

  	
  Fidelity Freedom 2025 Fund

  
	
  0373

  	
   

  	
  Fidelity Freedom 2030 Fund®

  
	
  1315

  	
   

  	
  Fidelity Freedom 2035 Fund

  
	
  0718

  	
   

  	
  Fidelity Freedom 2040 Fund®

  
	
  0369

  	
   

  	
  Fidelity Freedom Income Fund®

  
	
  0027

  	
   

  	
  Fidelity Growth & Income Portfolio

  
	
  0026

  	
   

  	
  Fidelity Investment Grade Bond Fund

  
	
  0021

  	
   

  	
  Fidelity Magellan® Fund

  
	
  0093

  	
   

  	
  Fidelity OTC Portfolio

  
	
  0094

  	
   

  	
  Fidelity Overseas Fund

  
	
  0630

  	
   

  	
  Fidelity Retirement Money Market Portfolio

  
	
  0650

  	
   

  	
  Spartan® U.S. Equity Index Fund

  

 

The Employer agrees that any Fidelity Freedom funds
listed above (all those starting with “Fidelity Freedom”) are being selected as
a group of all the Fidelity Freedom funds currently available for the
Plan.  The Employer understands that a
choice can be made at any time to remove all Fidelity Freedom funds as
Permissible Investments for the Plan. 
The Employer agrees that any change to the Permissible Investments for
the Plan to remove Fidelity Freedom funds will be effective as soon as
administratively feasible for Fidelity (after the Employer and Fidelity have
amended this agreement to reflect such change) and that the Employer will
communicate to participants the date and consequences of such change.  The Employer hereby directs Fidelity to add
or remove as Permissible Investments for the Plan any Fidelity Freedom fund
being added to or removed from the group of all Fidelity Freedom funds.  Fidelity shall always give the Employer at
least 90 days notice of the date that funds available through the Freedom

Fund group will change and the Employer has until 20
days before such date to direct Fidelity to remove all Fidelity Freedom funds
as Permissible Investments for the Plan.

2.                                      Non-Fidelity
Funds (Core Options):

The Employer has selected each (“Non-Fidelity Fund”)
of the following as an investment made available to the Plan for investment of
the assets of the Trust, subject to the terms and conditions given below:

	
  Fund #

  	
   

  	
  Non-Fidelity Fund Name

  
	
   

  	
   

  	
   

  
	
  OF78

  	
   

  	
  Templeton Foreign Fund - Class A

  
	
  OFQR

  	
   

  	
  Baron Asset Fund

  
	
   

  	
   

  	
   

  
	
  ONBP

  	
   

  	
  MS Institutional Fund, Inc. - Value Equity Portfolio
  Class B

  

 

Fidelity shall provide recordkeeping services for
Non-Fidelity Funds subject to and in accordance with the terms and conditions
of this Section:

1.                                       For
purposes of this Agreement, ‘Non-Fidelity Fund’ shall mean an investment
company registered under the Investment Company Act of 1940, as amended, other
than one advised by Fidelity Management & Research Company, and specified
in an agreement between Fidelity and the transfer agent for such investment
company (‘Fund Vendor’).

2.                                       The
basis-point-per-annum fee charged by Fidelity shall be computed and billed or
charged in arrears quarterly based on the market value of Non-Fidelity Funds
held in Participant Accounts on the last business day of the quarter.  In addition to the fees specified above, Fidelity
shall be entitled to fees from the Fund Vendor as set forth in a separate
agency agreement with the Fund Vendor. 
Fidelity will make available appropriate information concerning the
current provisions of such agreements electronically (currently through Plan
Sponsor WebStation) for the Employer’s review.

3.                                       The
Fund Vendor shall prepare and provide descriptive information on the funds for
use by Fidelity in its written participant communication materials.  Fidelity shall utilize historical performance
data obtained from third-party vendors in communications with plan
participants.  The Employer hereby
consents to Fidelity’s use of such materials and acknowledges that Fidelity is
not responsible for the accuracy of such third-party information.

The Basis-point-per-annum fee has been waived on
amounts invested in Non-Fidelity Funds.

3.                                      Annual
Fee for Excess Core Permissible Investment Options

The fees stated in
this Service Agreement take into consideration the Core Permissible Investment
options selected by the Employer in this Service Agreement and include up to 20
Permissible Investment options with no additional annual fee.  The annual fee for each Core Permissible
Investment option in excess of 20 is $500.00 per option and such fee is
in addition to any fees specified elsewhere in this Service Agreement,
including any Appendices and amendments hereto. 
The annual fee for excess Core Permissible Investment options shall be
billed or charged quarterly in arrears and paid by the Employer.  The Fidelity Freedom funds collectively shall
each count as one Core Permissible Investment option.  Any change to the Permissible Investment
options selected by the Employer after the effective date of this Service
Agreement shall require an amendment to this Service Agreement and may result
in amended or additional fees.

 

APPENDIX B — ENROLLMENT
AND EDUCATION SERVICES

Fidelity
shall provide Enrollment and Education Services as provided in Article I and as
outlined in this Appendix B.

1.                                      Enrollment
and Educational Services

a.                                       Unless
the Employer specifically directs Fidelity otherwise in writing, Plan
Participants will be provided educational and informational materials about
integrated Fidelity investment opportunities through the Fidelity Employee
Investment Services program.

b.                                      Fidelity
may from time to time produce communication materials and forms that the
Employer may use regarding the Plan.  The
Employer acknowledges that it is solely responsible for any such communication
materials and/or forms, or modification thereof, ultimately distributed or
otherwise used in connection with the Plan.

c.                                       Participants
will receive account statements in the following manner:

Fidelity will mail Participant statements directly to
Participants’ homes except for individual Participants who have indicated
through Automated Channels (Fidelity Automated Retirement Benefits Line,
NetBenefitsSM World Wide Web Internet service, or any other
service subsequently employed by Fidelity to facilitate electronic plan
administration) that they desire to receive statements only through Automated
channels.

 

APPENDIX C — CONTRIBUTION
PROCESSING

Fidelity
shall provide contribution processing services as provided in Article I and as
outlined in this Appendix C. 
Contributions are subject to the terms and conditions contained herein.

1.                                       The
Employer shall be responsible for calculating and effecting Participant and
Employer contributions to the Plan and transmitting such contributions and
associated contribution data to Fidelity within legal time limits.

2.                                       The
Employer must consolidate all contribution data for multiple payroll cycles
and/or multiple sites into one transmission. 
Contribution data shall be received by Fidelity via Plan Sponsor
Webstation (“PSW”), or other medium permitted by Fidelity, in the manner
specified.  The Employer’s computer
system must meet certain minimum specifications to enable this service.

3.                                       Following
the receipt of contribution data in good order (as determined by Fidelity)
Fidelity shall, through Automated Clearing House (“ACH”), request an electronic
funds transfer from the account the Employer has specified in the Service Setup
Form.  Contributions received in good
order will be credited to Participants’ accounts on the business day they are
received, if received prior to the close of the New York Stock Exchange’s
business day.

4.                                       Notwithstanding
section 3 contained herein, Fidelity may allow the Employer to wire transfer
contributions according to instructions provided by Fidelity conditioned that
the contribution data is reviewed by a Fidelity representative prior to the
initiation of the transfer.  Fidelity
reserves the right to require Employers to wire transfer all contributions if
an ACH transfer is rejected.  Unsolicited
or improperly formatted transfers may not be invested until properly identified
and reconciled.

5.                                       In
the event that Fidelity, or any of its affiliates, provides tools or services
to assist the Employer with the calculation of the Matching Employer and/or
Employer Contributions, Fidelity does not represent, warrant, guarantee or
certify that such calculations are accurate. 
The Employer agrees that Fidelity has no responsibility for any such
calculations.

 

APPENDIX D — DISTRIBUTION
PROCESSING

1.                                      Distributions
for benefit payments will be processed once a month based upon a mutually acceptable
date determined immediately after the implementation period by Fidelity and the
Plan Administrator.  Distributions will
only be processed if there is complete, accurate and properly authorized data
received by Fidelity in the required media. 
All distribution requests received after the monthly cutoff date will be
processed the following month.  The
monthly withdrawal date may be changed once each Plan Year based upon the
written consent of Fidelity and the Employer. 
Fidelity shall not be responsible for: 
(i) making benefit payments to Participants under the Plan, (ii) any
Federal, State or local income tax reporting or withholding with respect to
such Plan benefits, and (iii) FICA (Social Security and Medicare) or any
Federal or State unemployment tax with respect to Plan distributions.

2.                                      Class
Year Accounting (CYA).  The Employer has
elected CYA in its CPR Executive Plan and Fidelity hereby agrees to track
specific contribution years in which contributions paid to the Trust will be
distributed to the Participants.  The
Employer agrees that this will be tracked electronically and that the
Participants will make their elections for distributions through the
NetBenefitsSM website or any other application subsequently
utilized by Fidelity for that purpose (“NetBenefitsSM”. 
The Employer understands that Fidelity will only track as part of the
contributions constituting one class year those contributions actually received
into the Trust by Fidelity during the calendar year.  A Participant may not elect to defer a
subsequent calendar year’s deferrals for a period of less than 12 months from
the first day of the calendar year in which such deferrals would otherwise have
been paid to the Participant. 
Notwithstanding the Employer having elected this CYA provision, all
distributions for benefit payments will be paid in accordance with the
distribution provisions provided in Section 1 of this Appendix D, except that
distributions will be paid on the date established within Fidelity’s electronic
tracking system.

 

APPENDIX E —
MISCELLANEOUS

The
following provision(s) of this Appendix E shall supersede the referenced
provision(s) of this Agreement, subject to the terms and conditions contained
herein:

Title:  Construction and Interpretation

Description:  Article II, Section 12, replace “Commonwealth
of Massachusetts” with “Illinois”

 

Exception Fee:  Fee
Waived

 

Title:  Indemnification

Description:  Article II, Section 12:  The following provisions apply
notwithstanding anything contained in Section 13 of this Service Agreement:

1.             The last sentence of paragraph 1 of
Section 13 shall read as follows:  Unless
resulting from Fidelity’s negligence or willful misconduct, the Employer shall
indemnify and save harmless Fidelity from any and all liabilities and expenses,
including without limitation, reasonable attorney’s fees, incurred or required
to be paid by Fidelity in connection with any of the Plans, to the extent that
such liabilities and expenses result from the acts or omissions of the
Employer, the Plan Administrator or any of their employees or agents.

2.             The following paragraph shall be
added at the end of Section 13:  Unless
resulting from the Employer’s negligence or willful misconduct, Fidelity shall
indemnify and save harmless the Employer from any and all liabilities and
expenses, including without limitation, reasonable attorney’s fees, incurred or
required to be paid by the Employer in connection with any of the Plans, to the
extent that such liabilities and expenses result from the acts or omissions of
Fidelity or any of its employees or agents.

 

Exception Fee:  Fee
Waived

 

Title:  Outside Trustee

Description:  Fidelity Management Trust Company (FMTC) will
not act as a Trustee for the rabbi trust (the “Trust”) associated with the
Chicago Board of Options Exchange Executive Retirement Plan, Supplemental
Retirement Plan or Deferred Compensation Plan for Officers (the “Plans”).  FMTC and its affiliates (Fidelity) will
provide certain administrative and recordkeeping services, as outlined in this
Service Agreement.  Fidelity will take
direction from the Trustees of the Chicago Board of Options Exchange’s
Executive Retirement Plan, Supplemental Retirement Plan or Deferred
Compensation Plan for Officers, which direction may include direction to set up
accounts, accept contributions, provide investment options, and distribute the
assets.  Fidelity will have no
responsibility to determine if the distribution instructions (or any other
instructions) provided by the Trustee are permissible under the terms of the
Plan(s) or any applicable law.  Fidelity
will utilize the Fidelity Participant Recordkeeping System (FPRS) to maintain
individual, hypothetical participant

accounts and will
take direction from the participants regarding the investment of the accounts
among the investment options permitted by the Trustee(s).

 

The Trustees shall
designate authorized signers.

 

Employer hereby
agrees that, although Fidelity will not serve as a Trustee for the Trust,
Fidelity shall nevertheless hold all of the assets of the Trust in mutual fund
investments selected solely by the Trustee.

 

Exception
Fee:  Fee Waived

 

Title:  Coverage

Description:  The client will provide an amendment defining
eligible employees

 

Exception
Fee:  Fee Waived

 

Title:  Deferral Contributions

Description:  The client will provide an amendment
modifying the percentage of bonus deferral contributions

 

Exception
Fee:  Fee Waived

 

Title:  Matching Contributions

Description:  The client will provide an amendment
describing a custom matching contribution formula.

 

Exception
Fee:  Fee Waived

 

Title:  Distributions

Description:  The client will provide an amendment that
allows distribution at the earlier of termination or a class year accounted
date.

 

Exception
Fee:  Fee Waived

 

Title:  Vesting

Description:  The client will provide an amendment to fully
vest all account balances at termination of the Plan.

 

Exception
Fee:  Fee Waived

 

Title:  Changing Distributions

Description:  The client will provide an amendment allowing
Participants to change the form and timing of distributions.

 

Exception
Fee:  Fee Waived

AMENDMENTS

·                  Amendment
1 - effective 2/16/05

 

·                  Amendment
2 - effective 2/16/05

 

·                  Amendment
3 - executed 12/21/06

CHICAGO BOARD OPTIONS
EXCHANGE

SUPPLEMENTAL RETIREMENT PLAN

AMENDMENT TO THE ADOPTION
AGREEMENT

AND BASIC PLAN DOCUMENT

This
Amendment, which is effective February 16, 2005, is an integral part of
the Fidelity Corporate Plan for Retirement Executive Plan as adopted by the
Chicago Board Options Exchange (“Employer”) in establishing the Chicago Board
Options Exchange Supplemental Retirement Plan (“Plan”).  The provisions set forth in this attachment
shall be applicable with respect to the Plan as adopted by the Employer
notwithstanding any other provision contained in the Basic Plan Document or the
Adoption Agreement to the contrary.  The
execution of the Adoption Agreement by the Employer is only valid with the
inclusion of the provisions set forth below.

ADOPTION AGREEMENT

1.                                       Section
1.03(a)(1) – Coverage.  All Employees
earning over the compensation limitation set forth in Section 401(a)(17)
of the Internal Revenue Code of 1986, as adjusted from time to time, are
eligible to participate in the Plan.  In
addition, all Employees described in paragraph 4 are eligible to
participate in the Plan to the extent set forth in said paragraph.  Individuals performing services on a
consulting, contract or self-employed basis shall not be eligible to
participate.

2.                                       Section
1.05 –Contributions.  A Participant
may elect to make deferral contributions, pursuant to § 1.05(a) of the
Adoption Agreement, in an amount or percentage of his or her Compensation for
any Plan Year in excess of $210,000. 
Deferral contributions with respect to Compensation amounts below
$210,000 may be made only under the Chicago Board Options Exchange Smart Plan.

Deferrals
of Compensation shall be made pursuant to election forms filed with the
Employer in writing, or by other means prescribed by the Employer, no later
than the close of the calendar year preceding the calendar year in which the
services related to such Compensation are performed.  Notwithstanding the preceding sentence,
however:

(a)                                  In
the first calendar year in which an Employee becomes eligible to participate in
the Plan, an election to defer Compensation may be made with respect to
services to be performed subsequent to the delivery of an election form within
30 days after the date the Employee becomes eligible to participate in the Plan.

(b)                                 An
election to defer a performance-based bonus, as defined in Internal Revenue
Code Section 409A and guidance issued thereunder, may be made no later than six
months before the end of the 12 month performance period during which the
services related to the bonus are performed.

The
Company will make a matching contribution to the Plan as set forth in
§ 1.05(b) of the Adoption Agreement based upon the amount of each
Participant’s deferral contributions made under the Plan; provided that such
matching contribution will be based only on the

Participant’s deferral contributions that relate to
his Compensation in excess of $210,000. 
Compensation for purposes of § 1.05 shall have the meaning set
forth in § 1.04.  The $210,000
amount referred to above shall be adjusted periodically to reflect cost of
living increases at the same time and in the same manner as such amount is
adjusted under Internal Revenue Code Section 401(a)(17), or any successor
section.  Deferral contributions shall be
in whole or decimal percentages as designated by a Participant in his or her
election form.  The Deferral contribution
for the period commencing February 16, 2005 and ending on
December 31, 2005 shall not exceed 13% of Compensation in excess of
$210,000 for calendar year 2005.

3.                                       Section
1.05(b)(2) – Matching Contributions. 
Notwithstanding the matching contribution described in the Adoption
Agreement, the Employer shall make a matching contribution and/or a profit
sharing contribution to the Plan for a Plan Year for any Participant
(regardless of the amount of his or her Compensation for such Plan Year) who
elects to defer earnings otherwise payable to him or her in such Plan Year
pursuant to the terms of the Chicago Board Option Exchange Deferred
Compensation Plan for Officers, and as a result thereof receives a reduced
matching contribution and/or a reduced profit sharing contribution for such
Plan Year pursuant to the terms of the Chicago Board Options Exchange Smart
Plan.  The amount of the matching
contribution and/or a profit sharing contribution made by the Employer to the
Plan for a Participant pursuant to the terms of the preceding sentence shall
equal the amount by which the matching contribution and/or profit sharing
contribution made for him or her for the applicable Plan Year pursuant to the
terms of the Chicago Board Options Exchange Smart Plan is reduced as a result
of a deferral of earnings made pursuant to the terms of the Chicago Board
Options Exchange Deferred Compensation Plan for Officers.  A matching contribution and/or a profit
sharing contribution made for a Participant pursuant to this paragraph shall be
in addition to any matching contribution, if any, made for him or her for the
applicable Plan Year pursuant to the Adoption Agreement.

4.                                       Section
1.05(c)(2) – Discretionary Employer Contributions.  The Employer may from time to time, in its
sole discretion, make an additional discretionary contribution for some or all
Participants.

5.                                       Section
1.06(b) – Distribution Dates.  Each
election form delivered to the Employer with respect to a calendar year shall
specify the date on which the applicable contributions and earnings thereon
shall be distributed.  Such date shall be
the first to occur of (1) the date of the Participant’s termination of
employment with the Employer; and (2) a date selected by the Participant,
provided that a selected date must be at least one year after the date of the
election.  Any distribution described in
clause (1) shall be made as soon as practicable following the date of
termination with the Employer; provided, however, that in no event will
distribution begin earlier than the first day of the seventh calendar month
following termination if the Participant was a Key Employee.

Notwithstanding
the preceding paragraph, if elected by the Participant on his or her initial
election form, distribution of a Participant’s entire interest in the Plan
shall be made as soon as practicable after the date of consummation of a Change
of Control in accordance with Plan Section 7.08; provided, however, that a
Change of Control shall not include:

 2
 

(a)                                  any
change in form of organization of the Employer from a non-stock entity to a
stock corporation, or

(b)                                 any
public offering of the Employer’s shares of stock after it becomes a stock
corporation.

If the Participant fails
to make an election, a change of control distribution will not be made to the
Participant.

6.                                       Section
1.07(d) – Forfeiture. 
Notwithstanding the vesting schedules set forth in Sections 1.07(a)
and (b), if the employment of any Participant, including the Chairman of
the Board of Directors of the Employer, shall be terminated by the Employer for
Cause, the Matching Contributions and Discretionary Employer Contributions
credited to the Account of the Participant shall be forfeited, and no amount
shall be payable to or with respect to the Participant pursuant to the terms of
the Plan.  For purposes of this Section,
Cause shall be deemed to exist if, and only if:

(a)                                  A
Participant shall engage, during the performance of his or her duties for the
Employer, in acts or omissions constituting dishonesty, intentional breach of
fiduciary obligation, or intentional wrongdoing or malfeasance;

(b)                                 A
Participant shall intentionally disobey or disregard a lawful and proper
direction of the Board of Directors; or

(c)                                  A
Participant shall materially breach an employment agreement entered into
between the Participant and the Employer and such breach by its nature is
incapable of being cured, or such breach remains uncured for more than 30 days
following receipt by the Participant of written notice from the Employer
specifying the nature of the breach and demanding the cure thereof.  For purposes of this clause (c), a
material breach of any such employment agreement that involves inattention by
the Participant to his or her duties under the employment agreement shall be
deemed a breach capable of cure.

The following shall not constitute Cause:

(a)                                  Any
personal or policy disagreement between a Participant and the Employer, or any
member of the Employer or of the Board of Directors, or

(b)                                 Any
action taken by a Participant in connection with his or her duties for the
Employer, or any failure to act, if the Participant acted or failed to act in
good faith, and in a manner he or she reasonably believed to be in, and not
opposed to, the best interest of the Employer, and he or she had no reasonable
cause to believe his or her conduct was unlawful.

7.                                       Section
1.07(e) – Full Vesting.  In addition
to the events indicated under Section 1.07(e), a Participant will be fully
vested in his or her Account in the event of the termination of the Plan.

 3
 

8.                                       Section
1.07(h) – Definition of Disabled.  A
Participant is considered disabled when that Participant (1) has been
approved for long-term disability benefits by the long-term disability
insurance provider of the Employer and has been receiving long-term
disability benefits for a period of at least six months, or (2) becomes
entitled to receive a Disability Insurance Benefit under the Social Security
Act.

9.                                       Section
1.10 – Distributions.  A distribution
to a Participant pursuant to the Plan shall be made to him or her in a single
lump sum, unless the Participant, in the initial election form filed with the
Employer with respect to the amount being distributed, indicated an election to
be paid in annual installments over a period of 10 or fewer years, as
designated by the Participant.  If
payments are made in installments, the unpaid portion of the Participant’s
interest in the Plan from time to time shall continue to be adjusted to reflect
earnings, gains and losses thereon.

If a Participant’s employment with the Employer
terminates due to death, his or her entire interest in the Plan shall be paid
in a single lump sum as soon as practicable after death to his or her
beneficiary most recently designated by him or her prior to the date of
death.  Each Participant from time to
time, pursuant to a beneficiary designation form furnished by the Employer, may
designate any legal or natural person or persons (who may be designated
contingently or successively) to whom his or her Account is to be paid if he or
she dies before receiving the entire balance thereof.  A beneficiary designation shall be effective
only when the executed beneficiary form is delivered to the Employer in writing
or by other method prescribed by the Employer while the Participant is alive
and will cancel all beneficiary designation forms delivered earlier.  If a deceased Participant fails to designate
a beneficiary prior to his or her death, or if all designated beneficiaries
predecease the Participant, his or her interest in the Plan shall be paid to
his or her surviving spouse, or if none, to his or her lawful descendants, per
stirpes, or if none survive him or her, to the legally appointed
representatives of his or her estate, or if none are appointed within six
months after the date of his or her death, to his or her heirs at law under the
laws of descent and distribution of the state in which the Participant is
domiciled at the date of death.

A Participant may subsequently change the time or form
of distribution of a deferral contribution elected by him or her in an election
form if (1) the new election constitutes a delay in payment or change in
the form of payment from a lump sum to annual installments or to a longer period
of annual installments, (2) such election does not take effect until at
least 12 months after the date on which the election is made, (3) the
first payment with respect to which such election is made is deferred for a
period of not less than five years from the date on which such payment would
otherwise have been made, and (4) any election related to a payment to be
made at a specified date is made at least 12 months prior to the date of
the first scheduled payment.

BASIC
PLAN DOCUMENT

10.                                 Section
9.02 – Retroactive Amendments – An amendment made by the Employer in
accordance with Section 9.01 may be made effective on a date prior to the first
day of the Plan Year in which it is adopted, provided that no such amendment
shall adversely affect the interest of any Participant in the Plan.

 4
 

11.                                 Section
11.02 – This provision shall not apply.

 5

CHICAGO BOARD OPTIONS
EXCHANGE

SUPPLEMENTAL RETIREMENT PLAN

SECOND AMENDMENT TO THE
ADOPTION AGREEMENT

AND BASIC PLAN DOCUMENT

This
Amendment, which is effective February 16, 2005, is an integral part of
the Fidelity Corporate Plan for Retirement Executive Plan as adopted by the
Chicago Board Options Exchange (“Employer”) in maintaining the Chicago Board
Options Exchange Supplemental Retirement Plan (“Plan”).  The provisions set forth in this attachment
shall be applicable with respect to the Plan as adopted by the Employer
notwithstanding any other provision contained in the Basic Plan Document or the
Adoption Agreement to the contrary.  The
execution of the Adoption Agreement by the Employer is only valid with the inclusion
of the provisions set forth below.

ADOPTION AGREEMENT

Section 1.05 –Contributions.  A Participant may elect to make deferral
contributions, pursuant to § 1.05(a) of the Adoption Agreement, in an
amount or percentage of his or her Compensation for any Plan Year in excess of
$210,000.  Deferral contributions with
respect to Compensation amounts below $210,000 may be made only under the
Chicago Board Options Exchange Smart Plan.

Deferrals
of Compensation shall be made pursuant to election forms filed with the
Employer in writing, or by other means prescribed by the Employer, no later
than the close of the calendar year preceding the calendar year in which the
services related to such Compensation are performed.  Notwithstanding the preceding sentence, however:

(a)                                  In
the first calendar year in which an Employee becomes eligible to participate in
the Plan, an election to defer Compensation may be made with respect to
services to be performed subsequent to the delivery of an election form within
30 days after the date the Employee becomes eligible to participate in the
Plan.

(b)                                 An
election to defer a performance-based bonus, as defined in Internal Revenue
Code Section 409A and guidance issued thereunder, may be made no later than six
months before the end of the 12 month performance period during which the
services related to the bonus are performed.

An
election form delivered by a Participant shall continue in effect for
succeeding calendar years until modified or revoked by a Participant with a
subsequent election form filed with the Employer in writing no later than the
last day of the calendar year immediately preceding the first day of the
calendar year for which such modification or revocation is effective.

The
Company will make a matching contribution to the Plan as set forth in
§ 1.05(b) of the Adoption Agreement based upon the amount of each
Participant’s deferral contributions made under the Plan; provided that such
matching contribution will be based only on the Participant’s deferral
contributions that relate to his Compensation in excess of $210,000.  Compensation for purposes of § 1.05
shall have the meaning set forth in § 1.04.  The $210,000

amount referred to above shall be adjusted
periodically to reflect cost of living increases at the same time and in the
same manner as such amount is adjusted under Internal Revenue Code Section
401(a)(17), or any successor section. 
Deferral contributions shall be in whole or decimal percentages as
designated by a Participant in his or her election form.  The Deferral contribution for the period commencing
February 16, 2005 and ending on December 31, 2005 shall not exceed
13% of Compensation in excess of $210,000 for calendar year 2005.

IN WITNESS WHEREOF, the Employer has
caused this Second Amendment to be executed on its behalf by its officer duly
authorized on this 3rd day of January, 2006.

	
  

  	
  CHICAGO BOARD OPTIONS EXCHANGE, INC.

  
	
   

  	
   

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  	
  Alan J. Dean

  
	
   

  	
   

  	
   

  
	
   

  	
  Title:

  	
   

  	
  Executive Vice President & CFO

  
					

 

 2

WRITTEN CONSENT TO ADOPT CHANGES TO

CHICAGO BOARD OPTIONS EXCHANGE SMART PLAN

(as amended and restated effective May 1, 2003)

WHEREAS, the Chicago Board
Options Exchange, Inc. (the “Employer”) maintains the Chicago Board Options
Exchange Smart Plan (the “Plan”);

WHEREAS, the Plan was amended
and restated in the form of a Fidelity Corporate Retirement Plan For Retirement
document which includes both an adoption agreement (the “Adoption Agreement”)
and an underlying plan document (the “Underlying Plan”) effective May 1, 2003;

WHEREAS, the Employer has
previously amended the Plan so that it is not eligible to rely on its prototype
plan status;

WHEREAS, Fidelity has made
certain changes to its underlying plan document to comply with the final Code
Section 401(k) and 401(m) regulations and to add language to permit certain new
design features that can be adopted through an adoption agreement that should
be reflected in the Underlying Plan;

NOW, THEREFORE, BE IT RESOLVED,
that the amendments to the Underlying Plan attached hereto are hereby adopted.

IN WITNESS WHEREOF, the Employer
has executed the foregoing resolutions as of the 21st day of December, 2006.

	
  

  	
  CHICAGO BOARD OPTIONS EXCHANGE, INC.

  
	
   

  	
   

  
	
   

  	
  By:

  	
   

  	
  /s/ Alan J. Dean

  
	
   

  	
   

  
	
   

  	
  Title:

  	
  Executive V.P. Finance & Administration/CFO

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