Document:

Trust Agreement for LKQ Corporation Employees' Retirement Plan

 EXHIBIT 10.10 
  

					
	

	  	 Mailing Address:
 P.O. Box 8963

Wilmington, DE 19899-8963
 866-518-8969    Fax:
866-247-1245
	  	 Directed Trust Agreement
 Defined Contribution

	  	  
	  	  
	  	  

  
  
 PRINCIPAL TRUST COMPANY DIRECTED TRUST AGREEMENT 
 This Trust Agreement is made by and between the undersigned Employer and Delaware Charter Guarantee & Trust Company, a Delaware corporation conducting business under the trade name of Principal Trust Company. The Employer has
adopted a Plan for the benefit of its employees. Any change in Plan name shall not affect this Trust Agreement. 
 The Employer and the Trustee mutually
agree as follows: 
 SECTION .01 – DEFINITIONS. 
 For
the purposes of this Trust Agreement, capitalized terms in this Trust Agreement shall have the meaning set out in this Section unless otherwise clearly required by context. 
 “81-100 trust” shall mean the group trust that meets the requirements of Revenue Ruling 81-100. 
 “Account” shall mean, with regard to each Participant, the portion of the Trust Fund that is attributable to that Participant. 
 “Annuity Contract” shall mean an individual or group annuity contract issued by an Insurer to the Trustee for the purpose of funding annuity benefits under the Plan. 
 “Beneficiary” shall mean the person or persons named by a Participant to receive any benefits under the Plan when the Participant dies. 
 “Code” means the Internal Revenue Code of 1986, as amended. 
 “Contributions” shall mean the amounts
that are (i) described in the Plan Documents allowable as contributions to the Plan and (ii) forwarded to the Trustee to be held and invested in the Trust as set forth herein. 
 “Employer” shall mean the employer identified in Exhibit A. 
 “ERISA” shall mean the Employee Retirement
Income Security Act of 1974, as amended, or the corresponding provisions of any successor law. 
 “Insurer” shall mean an insurance company that
issues a policy or contract with regard to the Plan and which policy or contract is held in the Trust in the event that any such policy or contract is issued. 
 “Investment Manager” shall mean an investment manager, as defined in Section 3(38) of ERISA, that has been retained to provide investment advice or management with regard to the Plan. The Employer shall give the Trustee
notice of the identity of each Investment Manager and of any new or terminating Investment Managers. 
  

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 “Named Fiduciary” shall mean the person or other entity designated as such in the Plan Documents. The Employer
shall give the Trustee notice of the identity of each Named Fiduciary and of any new or terminating Named Fiduciaries. The Trustee shall not be designated as a Named Fiduciary and any attempt to do so shall be void and of no effect. 
 “Participant” shall mean a participant in the Plan with respect to whom there is an Account, as defined in this Trust Agreement. For the purposes of the
operation of this Trust only, the term Participant shall also include a person who has an interest in the Trust as the result of an assignment under a Qualified Domestic Relations Order (as defined ERISA Section206(d) and Code Section414(p)).

 “Plan” shall mean the employee pension benefit plan (as defined in ERISA Section3 (2)(A)) identified in Exhibit A. 
 “Plan Administrator” shall mean the person or other entity designated as such in the Plan Documents. The Employer shall give the Trustee notice of the identity
of the Plan Administrator and of any replacement of the Plan Administrator. The Trustee shall not be designated as Plan Administrator and any attempt to do so shall be void and of no effect. 
 “Plan Documents” shall mean the documents under which the Plan is established and maintained. 
 “Plan Year” shall mean the plan year defined in the Plan Documents. The Employer shall give the Trustee notice of such definition and any changes to it. 
 “Successor Trustee” shall mean a trustee appointed by the Employer under Section.03 of this Trust Agreement to succeed the Trustee. 
 “Trust” shall mean the directed trust established as set forth in this document. 
 “Trust Fund” shall mean the Trust Fund described in Section.02. 
 “Trustee” shall mean Delaware Charter
Guarantee & Trust Company, a Delaware corporation conducting business under the trade name of Principal Trust Company. 
 SECTION .02 – THE
TRUST AND TRUST FUND. 
 By signing this Trust Agreement, the Employer establishes the Trust to hold and distribute the Trust Fund in accordance with the
provisions of the Plan Documents. Except to the extent that ERISA applies, the laws of the State of Delaware shall govern, control, and determine all questions arising with respect to a Trustee acting pursuant to the provisions of this Trust
Agreement, including the validity of its provisions. This Trust Agreement shall be interpreted in a manner consistent with the intent to satisfy the relevant provisions of state and federal laws including the Code and ERISA, if applicable.

 The Trust Fund consists of the assets held at any time, and from time to time, by the Trustee under this Trust Agreement (including assets held by a group
trust that meets the requirements of Revenue Ruling 81-100 (an “81-100 trust”), which may be maintained or administered by an Investment Manager, or assets held by a custodian, transfer agent, broker/dealer, or other entity subject to a
proper arrangement with the Trustee) and shall consist of Contributions received by the Trustee and all manner of investments, and the proceeds thereof, attributable to those Contributions. The Trust Fund shall include only those assets that the
Trustee accepts and which are received by the Trustee. The Trust Fund shall be valued at current fair market value as of the last day of the Plan Year and, at the discretion of the Trustee, may be valued more frequently. The valuation shall take
into consideration investment earnings credited, expenses charged, payments made, and changes in the values of the assets held in the Trust Fund. The Account of a Participant shall be credited with its share of the gains and losses of the Trust
Fund. That part of a Participant’s Account invested in a funding arrangement or other investment vehicle which establishes an account or accounts for such Participant thereunder shall be credited with the gains 

  

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or losses from such account or accounts. That part of a Participant’s Account which is invested in other funding arrangements or other investment
vehicles shall be credited with a proportionate share of the gains or losses of such investments. The share shall be determined by multiplying the gain or loss of the investment by the ratio of (i) the part of the Participant’s Account
invested in such funding arrangement or other investment vehicle to (ii) the total of the Trust Fund invested in such funding arrangement or other investment vehicle. 
 The corpus or income of the Trust Fund shall not be used for, or diverted to, purposes other than for the exclusive benefit of the Participants or their Beneficiaries. 
 SECTION .03 – THE TRUSTEE. 
 The Trustee accepts appointment as
Trustee by executing this Trust Agreement. 
 The Named Fiduciary may remove the Trustee upon thirty (30) days prior notice. The Trustee may resign at
any time upon thirty (30) days notice to the Named Fiduciary, or, with the consent of the Named Fiduciary, the Trustee may resign with less than thirty (30) days prior notice. Upon such removal or resignation of the Trustee, the Named
Fiduciary or the Employer shall appoint a Successor Trustee who shall have the same powers and duties as those conferred upon the Trustee hereunder. The Successor Trustee must accept such appointment in writing for the appointment to become valid,
at which point only will the Trustee’s appointment as such be considered to have terminated and the Successor Trustee shall become the Trustee under this Trust Agreement. 
 If the Successor Trustee fails to accept the appointment, or if the Named Fiduciary or Employer fails to appoint a Successor Trustee within thirty (30) days of the resignation or removal of the Trustee, then the
Named Fiduciary or Employer shall appoint the President, or such other officer of the Employer who is eligible, Successor Trustee and such person shall be deemed to have filed his or her acceptance of appointment as the Successor Trustee.

 When appointment has been accepted, or deemed accepted, by a Successor Trustee, the removed or resigning Trustee must assign, transfer, pay over, and
deliver to the Successor Trustee all of the Trust Fund, less any unpaid fees or expenses, and such relevant records as the Trustee may possess. No Successor Trustee shall be obliged to examine the accounts, records, and acts of any previous Trustee,
and such Successor Trustee in no way or manner shall be responsible for any action or omission to act on the part of any previous Trustee. 
 The Named
Fiduciary or Employer shall notify the Insurer of any change of Trustee. 
 SECTION .04 – DUTIES OF THE TRUSTEE. 
 The Trustee shall accept Contributions forwarded to the Trustee to be held in the Trust and shall hold the Trust Fund and administer it according to the provisions of
this agreement. The Trustee shall be a directed trustee with respect to Contributions and has no duty to demand or require that Contributions be made to the Trust, nor shall the Trustee be liable to determine the amount of any Contributions to the
Trust or the adequacy of such Contributions to meet or discharge any liabilities of the Employer or the Plan. The Named Fiduciary retains the responsibility for monitoring and collecting Contributions, unless the Named Fiduciary has delegated this
responsibility to an investment Manager. 
 The Plan Administrator administers the Plan. The Trustee is not responsible for any aspect of the Plan’s
administration. A Named Fiduciary may appoint an Investment Manager to manage, including the power to acquire and dispose of, any assets of the Plan. The Trustee is not responsible for any aspect of an Investment Manager’s advice, control or
management. The Trustee is not required to look into any action taken by the Named Fiduciary, the Employer, the Plan Administrator, the Investment Manager, or a Participant, and will be fully protected in taking, permitting, or omitting any action
on the basis of their 

  

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instructions or direction unless such direction is, in the Trustee’s opinion, contrary to the terms of the Plan, the Code or ERISA. Any instructions,
notice, or direction by the Named Fiduciary, the Employer, the Plan Administrator, an Investment Manager, or a Participant, given in accordance with the provisions of the Plan Documents shall be given or made as described in this Trust Agreement;
any attempted instruction, direction, or notice made in any other format shall be void and of no effect and the Trustee shall not act on such. The Employer will indemnify the Trustee for any claims and costs the Trustee may incur in acting according
to the Trust provisions or upon instruction, direction, or notice from the Named Fiduciary, the Employer, the Plan Administrator, an Investment Manager, or a Participant. 
 In the event the Trustee becomes aware of material non-public information, the Trustee reserves the right to inquire about the Named Fiduciary’s knowledge and consideration of such information with respect to the
directions the Trustee received. The Trustee reserves the right to contact the Employer directly if written confirmation to the Trustee’s inquiry is not received from the Named Fiduciary within a reasonable period of time. 
 Notwithstanding any other provision of this Trust Agreement, the Trustee shall discharge its duties hereunder solely in the interest of Participants and beneficiaries
and with the care, skill and diligence under the circumstances then prevailing that a prudent person acting in a like capacity and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims. The
Trustee shall perform its duties in accordance with this Trust Agreement. The Trustee shall not be responsible for any action or omission of the Named Fiduciary, Employer or Investment Manager with respect to the performance of the Trustee’s
duties and obligations set forth in this Trust Agreement and ERISA. 
 SECTION .05 – DIRECTED POWERS OF THE TRUSTEE. 
 The Trustee shall have the following powers with respect to the Trust Fund as appropriate under this Trust Agreement and subject to direction or instruction by the Named
Fiduciary, the Employer, the Plan Administrator, an Investment Manager, or a Participant, as appropriate under the Plan Documents. In no event shall the Trustee be required to review such directions or instructions, except as set forth in Section
..04, and the Employer shall indemnify and protect the Trustee from any claims and costs resulting from following such directions. The Trustee shall have the power to: 
  

	a)	receive and hold Contributions forwarded to it under this Trust Agreement and to invest the Trust Fund in one or more of the following as directed by the Named Fiduciary, the
Employer, the Plan Administrator, an Investment Manager, or a Participant: 

  

	 	1)	Annuity Contracts with the Insurer which provide for either guaranteed benefits or the investment of Plan assets in one or more separate accounts maintained by the Insurer, or both;

  

	 	2)	Loans to Participants, provided such loans are duly authorized by the Plan Documents and that such authorization meets the requirements of both ERISA and the Code;

  

	 	3)	81-100 trust; provided, however, that as long as the Trustee holds any units in an 81-100 trust hereunder, the instruments establishing and or amending any such 81-100 trust shall
be adopted and made part of this Trust as though fully set forth herein; 

  

	 	4)	Custodial arrangements; 

  

	 	5)	Cash or other short-term investments including money market funds; 

  

	 	6)	Qualifying employer securities as defined in Code Section 409(l) and ERISA Section 407(d)(5)(a); 

  

	 	7)	An insurance policy issued by an Insurer designated by the Employer; 

  

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	 	8)	Exchange-traded debt and equity securities, mutual fund shares; and 

  

	 	9)	Such assets, securities, or investment options as may be necessary to effectuate the purpose of this Trust. 

  

	b)	sell, exchange, convey, transfer, or otherwise dispose of any property held by it, by private contract or at public auction; 

  

	c)	vote on all matters as directed by the Named Fiduciary, Investment Manager or Participant pertaining to all securities and mutual fund shares held by the Trustee directly (other
than qualifying employer securities). The Trustee shall vote any securities and mutual fund shares that may be held by it solely as directed by the Named Fiduciary, Investment Manager or Participant in accordance with this Trust Agreement. If the
Trustee receives timely directions on how to vote securities or mutual fund shares with regard to fewer than all of the securities or mutual fund shares subject to the vote, the Trustee shall vote such undirected securities or mutual fund shares in
the same proportion as those for which it has received timely direction. The Trustee shall be under no duty to investigate any matter relating to a vote and shall have no power or authority to vote other than as set forth in this Trust Agreement;

  

	d)	enter into an alternate arrangement (other than a self-directed brokerage account), including an 81-100 trust, an ancillary trust or a custodial arrangement to facilitate the
investment of securities and mutual funds. If any securities and mutual fund shares are held in such alternate arrangement, to inform the trustee or custodian of such alternate arrangement of the voting directions the Trustee has received with
regard to securities or mutual fund shares held in such alternate arrangement and to identify the securities or mutual fund shares with respect to which the Trustee has received partial or no direction or instruction. Those securities shall then be
voted in accordance with the documents governing the 81-100 trust, ancillary trust or custodial arrangement. Nothing in this Trust Agreement shall be held as changing or affecting such other trusts or agreements. The Trustee shall have no power or
authority to act otherwise than as set out in this paragraph with regard to votes on the securities and mutual fund shares described in this paragraph; 

  

	e)	vote and tender qualifying employer securities held hereunder in the manner described in the Plan Documents, or if qualifying employer securities are held in an ancillary trust to
inform the trustee of the ancillary trust of the voting directions the Trustee has received and to identify the qualifying employer securities with respect to which the Trustee has received partial or no direction or instruction;

  

	f)	vote and tender any securities and mutual fund shares held in a self-directed brokerage account in the manner described in the Plan and any applicable brokerage account agreements;

  

	g)	retain in cash or other short term investment vehicles/instruments such amount as the Trustee considers advisable, and to deposit cash in any depository selected by the Trustee,
without liability for interest; 

  

	h)	open such brokerage accounts with a broker/dealer on behalf of the Trust, as may be necessary to effect transactions in securities held in the Trust Fund; and

  

	i)	distribute from the Trust Fund benefit and expense payments provided such payments are duly authorized by the Plan Documents and that such authorization meets the requirements of
both ERISA and the Code. 

  

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 SECTION .06 – COMPLEMENTARY POWERS OF THE TRUSTEE. 
 In exercising its powers under Section .05 of this Trust Agreement and discharging its duties generally under this Trust Agreement, the Trustee shall have the following
powers with respect to the Trust Fund: 
  

	a)	to employ, and pay reasonable compensation to, agents, brokers, broker/dealers, attorneys, accountants, custodians, ancillary trustees, outside investment financial consultants, or
other persons, whose advice or services the Trustee may deem necessary in carrying out its duties and powers under this Trust Agreement; 

  

	b)	to make, execute, acknowledge, and deliver any instruments that may be necessary to carry out the powers granted it, including custodial, 81-100 trust, or ancillary trust
agreements; 

  

	c)	to consult with legal counsel, including the Employer’s counsel, with respect to the meaning or construction of, or the Trustee’s obligations or duties under, the Plan
Documents and Trust, or with respect to any action or proceeding or any question of law. The Trustee shall be fully protected with respect to any action it takes in good faith pursuant to the advice of such counsel; 

  

	d)	to enforce any right, obligation, or claim and, in its absolute discretion, to protect in any way the interest of the Trust Fund and, if the Trustee considers such action for the
best interest of the Trust Fund, to abstain from the enforcement of any right, obligation, or claim and to abandon any property which it has held; 

  

	e)	to institute, maintain, or defend any litigation necessary in connection with the administration of the Trust, provided the Trustee shall be under no duty or obligation to do so
unless it shall be indemnified to its satisfaction against all expenses and liabilities which it may sustain or be paid reasonable compensation for its own extraordinary services in connection therewith; 

  

	f)	to hold assets in the Trustee’s name or in the name of a nominee and to cause assets to be held by such custodian, 81-100 or ancillary trustee, transfer agent, broker,
broker/dealer, or other party as appropriate to carrying out the Trustee’s duties under this Trust Agreement; 

  

	g)	to do all things necessary, in the Trustee’s judgment, for the proper performance of the Trustee’s duties under this Trust Agreement; 

  

	h)	to assume, until advised to the contrary, that the Trust is qualified under Code Section 401(a); 

  

	i)	to terminate the Plan’s participation in an 81-100 trust or custodial arrangement if such trust or arrangement limits participation to qualified plans and the Trustee learns of
a determination by the Internal Revenue Service or a court of competent jurisdiction that the Plan is no longer qualified or that continued participation in the 81-100 trust or custodial arrangement would have adverse tax consequences for the Plan;
and 

  

	j)	to make appropriate custodial arrangements with a benefits paying agent for the payment of benefits under the Plan. 

  

	k)	to require from the Employer, the Plan Administrator, or their authorized representatives written representations and warranties that the Plan maintains and follows established
written procedures for identifying prohibited transactions and seeking applicable exemptive relief. 

  

	l)	to require written representations and warranties from the Named Fiduciary, Investment Manager or their authorized representatives that no direction provided by the Named Fiduciary,
Investment Manager or their authorized representatives will result in a non-exempt prohibited transaction under the Code or ERISA. 

  

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 SECTION .07 – EXPENSES. 
 The Trustee shall be reimbursed by the Employer for all expenses incurred by the Trustee in exercising its powers and carrying out its duties under this Trust Agreement and for such reasonable compensation for the Trustee as may be agreed
upon from time to time by the Employer and the Trustee. If, and to the extent, the Employer does not timely pay such expenses and compensation, they shall be paid from the Trust Fund, either as directed by the Named Fiduciary, the Employer, the Plan
Administrator, or Investment Manager, as appropriate in accordance with the Plan Documents or pro rata with respect to each Participant’s Account and, within the Participant’s Account, pro rata with regard to the securities, mutual fund
shares or other investments attributable to that Participant’s Account including investments in 81-100 trusts, ancillary trusts, or custodial arrangements. The Trustee may also pay other expenses of the Plan, as directed by the Named Fiduciary,
the Employer, the Plan Administrator, or Investment Manager, as appropriate in accordance with the Plan, from the Trust Fund in the same manner as described above. The Trustee is hereby authorized to collect expenses and compensation as described
above. 
 The Trustee may earn compensation in the form of short-term interest (“float”) on things like uncashed distribution checks (from the date
issued until the date cashed). The Trustee may also earn “float” on Contributions, loan payments, and other amounts awaiting investment, and on transfers or distributions involving certain non-proprietary funds prior to processing. The
“float” earns money market rates. “Float” is not directly credited to plans for which the Trustee provides services. Contributions and transfers are normally allocated and invested the same day or as soon as possible afterwards,
however, there are certain situations where the allocation of these funds will take a longer period of time. Distribution checks are normally mailed the day they are issued. The timing of when checks are cashed is beyond the control of the Trustee.

 The separate service agreement between the Employer and the Plan’s service provider may include a provision that requires the service provider to
correct inadvertent errors that may occur in processing certain transactions. This provision may allow the service provider to retain certain amounts as compensation for its services and such amounts shall be considered an expense of the Plan.

 SECTION .08 – ACCOUNTING. 
 The Trustee or its
designee shall maintain true and accurate records and accounts reflecting all receipts and disbursements of the Trust Fund and containing a description of all Trust Fund assets held hereunder. These records will be open, at the Trustee’s
regular place of business, to inspection and audit by the Named Fiduciary, the Employer, the Plan Administrator, or the Investment Manager at all reasonable times. 
 Writing (handwriting, typing, printing), photostating, photographing, microfilming, magnetic impulse, mechanical, electrical or electric recording, or other forms of data compilation shall be acceptable means of keeping records. 

The Trustee or its designee shall file all reports, returns, and information required to be filed by Trustees under the Code and regulations and rulings issued under
the Code. 
 The Trustee or its designee shall file with the Employer an accounting of its transactions as soon as practical after the first day of each Plan
Year or any other date specified. Any such report or accounting is open to inspection by the Named Fiduciary or a Participant for a period of sixty (60) days following the date it is filed. At the end of the sixty-day period, the Trustee is
released and discharged as to any matters set forth in the report or Account, except with respect to any act or omission as to which the Named Fiduciary, the Employer, the Plan Administrator or a Participant has filed a written objection within the
sixty-day period. 
  

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 In preparing its reports, the Trustee shall be permitted to rely upon, attach, otherwise include, and deem accurate
without the need for independent verification, reports furnished to the Named Fiduciary, the Employer, Plan Administrator, or Trustee by the Insurer, any Investment Manager, and any investment fund or custodian. 
 SECTION .09 – AMENDMENT. 
 The Employer and the Trustee jointly
reserve the right to amend this Trust Agreement by written instrument executed by both parties at any time upon terms mutually acceptable, and effective as agreed by the Employer and the Trustee. 
 The Trustee may amend this Trust Agreement (including any Exhibits) at any time by written instrument, provided that such amendment is, in the Trustee’s opinion,
required by applicable law or regulations. Copies of the amended Trust Agreement shall be sent to the Employer by the Trustee or its designee no less than sixty (60) days prior to the effective date of such change set out in the amended Trust
Agreement (which shall be effective irrespective of when or whether such copy is received by the Employer). 
 No amendment described in this Section .09
shall permit any part of the corpus or income of the Trust Fund to be used for, or diverted to, purposes other than for the exclusive benefit of Participants, retired Participants or their Beneficiaries. 
 SECTION .10 – TERMINATION. 
 The Employer reserves the right to
terminate this Trust Agreement by a written instrument delivered to the Trustee. This Trust Agreement shall automatically terminate upon the dissolution or liquidation of the Employer unless a successor corporation or business organization agrees in
writing to assume the obligations of the Plan and this Trust. 
 Any Annuity Contract held in the Trust Fund at the time this Trust is terminated shall be
transferred to the Employer and the remainder of the assets of the Trust Fund shall be transferred to the person or institution authorized in writing by the Employer to receive such assets. 
 If the Employer does not direct the transfer of the remainder of the assets of the Trust Fund to a person or institution authorized in writing by the Employer to receive
such assets or the Trustee is not informed of the identity of any such person, the Trustee shall seek appointment of an appropriate recipient. The Trustee shall be paid all expenses incurred in doing so. 
 In the event of the termination of the Trust Agreement on account of termination of the Plan, the assets of the Trust Fund shall be applied as directed by Named
Fiduciary, the Employer, or the Plan Administrator, to provide the benefits specified in the Plan upon termination of the Plan. 
 SECTION .11 –
INSURER. 
 With regard to any portion of the assets of the Trust Fund consisting of Annuity Contracts issued by an Insurer, such Insurer shall in no
event be deemed to be a party to this Trust or to be responsible for its validity. The obligations and responsibilities of the Insurer shall be measured and determined solely by the terms of the Annuity Contract and any insurance policy and it shall
not be required to do any act not provided in, or any act contrary to, the provisions of such Annuity Contract and insurance policy. 
 The Insurer shall not
be required to look into the terms of this Trust Agreement or question any action of the Trustee, nor shall it be responsible to see that any action of the Trustee is authorized. The Insurer shall act only upon the direction of the Trustee and shall
be fully discharged from any and all liability for 

  

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any amount paid to the Trustee or paid in accordance with the direction of the Trustee or for any change made, or action taken, upon such direction and shall
not be obligated to see that any money paid by it to the Trustee or to any person shall be properly distributed or applied. Any instrument executed by the Trustee may be treated as conclusive. The Insurer shall be without liability in taking,
permitting, or omitting any action on the faith of any such instrument and shall incur no liability or responsibility for doing so. 
 Notices, proposed
contract amendments, rate or fee changes, or other communications regarding any Annuity Contracts that may be held hereunder will be sent directly to either the Employer or the Trustee. The Trustee shall not take any action with respect to any such
notice, proposed amendment, change, or other communication unless the Trustee receives appropriate written direction from the Employer. Any rights of a contractholder under any such Annuity Contract, including rights to discontinue, amend, or
otherwise modify the Annuity Contract shall be exercised only upon the specific written direction of the Employer. 
 SECTION .12 – LIMITATION ON
RIGHTS AND REMEDIES. 
 In any action or proceeding involving the Trust Fund, or the administration of the Trust Fund, only the Trustee and the Employer
shall be the necessary parties. Unless otherwise ordered by the court entertaining jurisdiction thereover, no other person having or claiming to have an interest in the Trust Fund shall be entitled to any notice or service of process. Any final
judgment entered in such an action or proceeding shall be conclusive upon all persons claiming under this Trust Agreement. 
 SECTION .13 –
LIMITATION OF TRUSTEE’S LIABILITY. 
  

	a)	Any direction, instruction, or notice to the Trustee by the Named Fiduciary, the Employer, the Plan Administrator, the Investment Manager, the Insurer, or other person pursuant to
any of the provisions of this Trust shall be in writing and delivered by regular mail, and shall be effective only upon actual receipt. Any direction, instruction, or notice from the Trustee to the Named Fiduciary, the Employer, the Plan
Administrator, the Investment Manager, a Participant, the Insurer, or other person pursuant to any of the provisions of this Trust shall be considered effective when the Trustee mails it to the last address of the intended recipient which is
contained in the Trustee’s records. The Employer and the Trustee may agree in writing that any such direction, instruction, or notice may be given by alternative methods, including facsimile transmission, telephone, or electronic transmission
to any e-mail address, fax or telephone number and shall, with regard to such alternate means of giving any such direction, instruction, or notice, provide for the use of identifying numbers or procedures that must be followed with regard to the
giving of any such direction, instruction, or notice. The Employer shall inform the Named Fiduciary, the Plan Administrator, any Investment Manager and Participants of such agreed upon alternative methods. The Trustee shall not be under any duty or
obligation to act on any notice, instruction, or direction received in a form other than those agreed upon between the Named Fiduciary, the Employer, the Plan Administrator, and the Trustee. The Trustee may absolutely rely upon any and all such
directions, instructions, or notices reasonably believed by it to be genuine and shall be fully protected in acting in accordance therewith. The Employer agrees to indemnify and hold the Trustee harmless against any loss, cost, claim, damage,
expense, and liability (including attorney’s fees) and other costs it may incur in acting upon such notice, instructions, or directions. Except for the Trustee’s own negligence, the Trustee shall incur no liability for any act or failure
to act pursuant to this Trust Agreement, unless a higher standard of care is imposed by ERISA. 

  

	b)	The Trustee is not liable for the acts or omissions of the Named Fiduciary, the Employer, the Plan Administrator, the Investment Manager, or the Insurer, nor is the Trustee under
any obligation to invest or otherwise manage any asset of the Plan which is subject to the management of a properly appointed Investment Manager. A Named Fiduciary and any properly appointed Investment Manager may execute a letter of agreement as a
part of this Trust delineating the duties, responsibilities, fee structure, and liabilities of the Investment Manager with respect to any part of the Trust Fund under the control of the Investment Manager. 

  

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	c)	The Trustee may assume that the Named Fiduciary, the Employer, the Plan Administrator, the Investment Manager, and the Insurer are appropriately discharging their duties under the
Plan Documents and this Trust Agreement unless and until it is notified to the contrary in writing by any person known to the Trustee to be a Participant in the Plan, the Employer, or a governmental agency with jurisdiction. In the event the Trustee
receives said written notice, then the Trustee shall take any actions it deems appropriate, including, if the Trustee so desires, applying to a court of competent jurisdiction and/or Federal regulatory authorities for guidance with respect to
disposition of the Trust Fund. 

  

	d)	The Trustee shall have no responsibility for the management and control of the Trust Fund beyond implementation of instructions, notice, or directions received by the Trustee in
accordance with this Trust Agreement, it being contemplated that all Plan assets will be under the control or direction of the Insurer or a properly appointed Investment Manager, or subject to Named Fiduciary, Employer, Plan Administrator, or
Participant direction. The Trustee shall not be responsible for reviewing reports provided by the Insurer or any Investment Manager. The Trustee will be under no duty of inquiry or review with regard to any direction, instruction, or notice that it
may receive in accordance with this Trust Agreement except as set forth in Section .04. 

  

	e)	The duties and responsibilities of the Trustee shall be limited to those set forth in this Trust Agreement and nothing contained in this Trust Agreement shall be deemed, either
expressly or by implication, to impose any additional duties, powers, or responsibilities on the Trustee. 

 SECTION .14 – SECTION
404(c) COMPLIANCE. 
 The Trustee shall have no duty or responsibility to review any aspect of the Plan or its administration relating to compliance with
ERISA Section 404(c). 
 SECTION .15 – MISCELLANEOUS. 
  

	a)	To the extent permitted by law, no person shall be obliged to see to the application of any money paid or property delivered to the Trustee, nor shall any such person be required to
take cognizance of the provisions of this Trust Agreement. In general, each person dealing with the Trustee may act upon any advice, request, or representation in writing by the Trustee, or the Trustee’s duly authorized agent, and shall not be
liable to any person in so doing. 

  

	b)	The Trustee may require delivery to it a copy of any certificate, notice, or other instrument or information believed by it to be necessary to perform its duties hereunder and may
rely and act upon the basis of any such certificate, notice, instrument, or other information furnished to the Trustee which it believes to be reliable and to have been signed, made, or presented by the proper party or parties.

  

	c)	To the extent permitted by law, the Trustee shall not be responsible for any act or omission of the Named Fiduciary, the Employer, the Plan Administrator, or the Investment Manager.
The Trustee shall be under no duty to inquire into any rule, regulation, instruction, direction, or order purporting to have been issued by the Named Fiduciary, the Employer, the Plan Administrator, or the Investment Manager.

  

	d)	Notwithstanding anything else in this Trust Agreement, the Trustee has the right, but not the obligation, to seek guidance from a court of competent jurisdiction or Federal
regulatory authorities with respect to the handling and disposition of the Trust Fund. 

  

 Page 10 of 14 

	e)	No interest under this Trust may be alienated, anticipated, encumbered or assigned, voluntarily or involuntarily and any such attempted assignment, alienation, anticipation, or
encumbrance shall be void and of no effect. Nothing in this Trust Agreement, however, shall prevent an assignment or alienation that the Plan Administrator advises the Trustee is necessary to fulfill the requirements of a Qualified Domestic
Relations Order, as defined in ERISA Section 206(d) and Code Section 414(p). 

  

	f)	Except as may be specifically permitted by the Plan Documents, under no circumstances shall any asset held in the Trust Fund or any Contributions made to the Trust ever revert to or
be used or enjoyed by the Employer or used for any other purpose than the funding or provision of benefits to eligible Participants or their Beneficiaries or the satisfaction of other lawful obligations of the Plan prior to the satisfaction of all
liabilities under the Plan. The Trustee shall be under no obligation to return any asset of the Trust Fund to the Employer, unless the Trustee has received written certification from the Employer that all Plan liabilities have been satisfied and
that the Plan has been terminated or written certification that the amount requested by the Employer is the result of a bona fide mistake of fact described in ERISA 403(c)(2)(A)(i) and is in accord with the provisions of the Plan Documents. The
Trustee may rely completely on such written certification. 

  

	g)	This Trust Agreement shall be interpreted in a manner consistent with the requirements of Code Section 401(a), so that the Trust remains tax exempt under Code Section 501.
If the terms of this Trust Agreement conflict with relevant terms of ERISA, the Code, or Delaware law, the requirements of those laws shall be deemed to be part of this Trust Agreement and shall supersede any other provision in this Trust Agreement
that is to the contrary. This Trust Agreement shall be construed as though jointly drafted by the Trustee and the Employer and according to the fair intent of the language as a whole and not for or against anyone. The term “including”
shall be construed providing examples only and as being without limitation. 

  

	h)	Each individual signing this Trust Agreement represents and warrants that she or he has, individually or in concert with the other persons signing this Trust Agreement on behalf of
the same entity, the authority to sign this Trust Agreement and thereby bind that entity to the terms and conditions of this Trust Agreement. 

 SECTION .16 – EMPLOYER’S REPRESENTATIONS AND WARRANTIES. 
 The Employer represents and warrants that: 
  

	a)	The Named Fiduciary or Employer shall timely provide the Trustee with a copy of any SEC 8-K filing and shall notify the Trustee of any bankruptcy filings, formal civil or criminal
charges filed against the Employer or directors by federal or state regulators. 

  

	b)	There are no existing 8-K filings, bankruptcy filings, or legal actions known to the Named Fiduciary, Employer or Investment Manager other than those disclosed to the Trustee and
that no direction provided by the Named Fiduciary, Employer or Investment Manager will result in a non-exempt prohibited transaction under the Code or ERISA. 

  

	c)	The Named Fiduciary and the Plan Administrator will maintain and follow established written procedures for identifying prohibited transactions and seeking applicable exemptive
relief. 

  

	d)	There are no plan documents or instruments that establish limits on the investments in which the plan may invest that have not been provided to the Trustee and that it or the Named
Fiduciary will provide copies to the Trustee within 15 days of any changes to the Plan’s documents that establish limits on plan investments. 

  

	e)	It will not object if the Trustee discloses material non-public information to the Named Fiduciary or Employer. 

  

 Page 11 of 14 

 SECTION .17 – EXECUTION. 
 This Trust Agreement may be executed in counterparts, each of which shall be deemed an original. 
 SECTION .18 – WAIVER. 
 It is understood and agreed that no failure or delay to exercise, nor any single or partial exercise of, any right, power, or privilege given or arising under this Trust
Agreement shall operate as a waiver of future rights to exercise any such right, power, or privilege. 
 SECTION .19 – CHANGE IN PLAN TERMS. 

 Changes to the Plan Documents or the operation of the Plan shall not serve to increase or decrease the responsibility, duties, or obligations of the
Trustee under this Trust Agreement. The Trustee and the Employer may negotiate and make any changes to this Trust Agreement that appropriately reflect such changes. Absent such negotiated changes, the Trustee shall be obligated to no more than
continued performance under this Trust Agreement as if the changes to the Plan Documents had not occurred. 
  

 Page 12 of 14 

 IN WITNESS WHEREOF, the undersigned have executed this Trust Agreement to be effective as of the date both the Employer
and the Trustee have signed this Trust Agreement. 
  

					
	FOR THE EMPLOYER	  	
			
	Name of Employer:	  	 LKQ Corporation
	  	
			
	By:	  	 /S/ Walter P. Hanley
	  	
		  	        (Signature)	  	
			
	Business Title:	  	 Senior Vice President
	  	
			
	Print Name:	  	 Walter P. Hanley
	  	
			
	Date:	  	 November 19, 2008
	  	

 The undersigned hereby accepts appointment as Trustee hereunder and agrees to be bound by the terms of this Trust
Agreement. 
 ACCEPTANCE OF THE TRUSTEE 
 Delaware Charter
Guarantee & Trust Company, a Delaware corporation conducting business under the trade name of Principal Trust Company. 
  

					
	By:	  	 /s/ Carol L. Burns
	  	
		  	    (Signature)	  	
			
	Business Title:	  	 S.V.P.
	  	
			
	Date:	  	 12/22/08
	  	

  

 Page 13 of 14 

 Exhibit A 
  

			
	Name of Employer:	  	 LKQ Corporation

		
	Name of Plan:	  	 LKQ Corporation Employee’s Retirement Plan

  

 Page 14 of 14LKQ Corporation 401(k) Plus Plan II, as amended and restated

 EXHIBIT 10.11 
 LKQ CORPORATION 
 401(k) PLUS PLAN II 
 (As Amended and Restated Effective as of January 1, 2008) 

 LKQ CORPORATION 
 401(k) PLUS PLAN II 
 (As Amended and Restated Effective as of January 1, 2008)

 Table of Contents 
  

							
	 	  	 	  	Page
			
	 1.
	  	INTRODUCTION	  	1
				
		  	   1.1.
	  	Amendment and Restatement of the Plan.	  	1
				
		  	   1.2.
	  	Purposes of Plan.	  	1
				
		  	   1.3.
	  	“Top Hat” Pension Benefit Plan.	  	1
				
		  	   1.4.
	  	Plan Unfunded.	  	1
				
		  	   1.5.
	  	Effective Date.	  	1
				
		  	   1.6.
	  	Administration.	  	1
			
	 2.
	  	DEFINITIONS AND CONSTRUCTION	  	2
				
		  	   2.1.
	  	Definitions.	  	2
				
		  	   2.2.
	  	Number and Gender.	  	7
				
		  	   2.3.
	  	Headings.	  	7
			
	 3.
	  	PARTICIPATION AND ELIGIBILITY	  	7
				
		  	   3.1.
	  	Participation.	  	7
				
		  	   3.2.
	  	Commencement of Participation.	  	8
				
		  	   3.3.
	  	Cessation of Active Participation	  	8
			
	 4.
	  	DEFERRALS, MATCHING AND COMPANY CONTRIBUTIONS	  	8
				
		  	   4.1.
	  	Deferrals by Participants.	  	8
				
		  	   4.2.
	  	Effective Date of Participation Agreement.	  	9
				
		  	   4.3.
	  	Modification or Revocation of Election by Participant.	  	11
				
		  	   4.4.
	  	Matching Contributions.	  	11

  

 i 

							
				
		  	   4.5.
	  	Company Profit Sharing Contribution.	  	11
				
		  	   4.6.
	  	Other Company Contributions.	  	11
			
	 5.
	  	VESTING, DEFERRAL PERIODS AND INVESTMENT ELECTIONS	  	11
				
		  	   5.1.
	  	Vesting.	  	11
				
		  	   5.2.
	  	Election of In-Service Distribution.	  	12
				
		  	   5.3.
	  	Investment Elections.	  	13
			
	 6.
	  	ACCOUNTS	  	14
				
		  	   6.1.
	  	Establishment of Bookkeeping Accounts.	  	14
				
		  	   6.2.
	  	Subaccounts.	  	14
				
		  	   6.3.
	  	Hypothetical Nature of Accounts.	  	14
			
	 7.
	  	PAYMENT OF ACCOUNT	  	14
				
		  	   7.1.
	  	Distribution of Contribution to 401(k) Plan.	  	14
				
		  	   7.2.
	  	Length of Deferral Period (i.e., Timing of Distributions).	  	15
				
		  	   7.3.
	  	Form of Payment.	  	16
				
		  	   7.4.
	  	No Acceleration Of Benefits.	  	16
				
		  	   7.5.
	  	Small Account.	  	17
				
		  	   7.6.
	  	Designation of Beneficiaries.	  	17
				
		  	   7.7.
	  	Unclaimed Benefits.	  	18
				
		  	   7.8.
	  	Unforeseeable Emergency Withdrawals.	  	18
				
		  	   7.9.
	  	Withholding.	  	18
			
	 8.
	  	ADMINISTRATION	  	19
				
		  	   8.1.
	  	Committee.	  	19
				
		  	   8.2.
	  	General Powers of Administration.	  	19
				
		  	   8.3.
	  	Indemnification of Committee.	  	19

  

 ii 

							
	 9.
	  	DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION	  	19
				
		  	   9.1.
	  	Claims.	  	19
				
		  	   9.2.
	  	Claim Decision.	  	20
				
		  	   9.3.
	  	Request for Review.	  	20
				
		  	   9.4.
	  	Review of Decision.	  	21
				
		  	   9.5.
	  	Discretionary Authority.	  	22
			
	 10.
	  	MISCELLANEOUS	  	22
				
		  	 10.1.
	  	Plan Not a Contract of Employment.	  	22
				
		  	 10.2.
	  	Non-Assignability of Benefits.	  	22
				
		  	 10.3.
	  	Amendment and Termination.	  	22
				
		  	 10.4.
	  	Unsecured General Creditor Status Of Employee.	  	22
				
		  	 10.5.
	  	Severability.	  	23
				
		  	 10.6.
	  	Governing Laws.	  	23
				
		  	 10.7.
	  	Binding Effect.	  	23
				
		  	 10.8.
	  	Entire Agreement.	  	23
				
		  	 10.9.
	  	No Guarantee of Tax Consequences.	  	23
				
		  	 10.10.
	  	Sole Obligor.	  	24

  

 iii 

 LKQ CORPORATION 
 401(k) PLUS PLAN II 
 (As Amended and Restated Effective as of January 1, 2008)

  

	1.	INTRODUCTION 

  

	 	1.1.	Amendment and Restatement of the Plan. 

 LKQ Corporation (the “Company”) hereby amends and restates the LKQ Corporation 401(k) Plus Plan (the “Plan”) generally effective as of January 1, 2008. The Plan is hereby being restated as of January 1, 2008,
unless otherwise indicated herein, in order to incorporate all previous amendments, amend the Plan to comply with the final regulations issued pursuant to Section 409A of the Internal Revenue Code of 1986, as amended (the “Code”) and
to make any other necessary changes. 
  

	 	1.2.	Purposes of Plan. 

 The purposes of
the Plan are to provide deferred compensation for a select group of management or highly compensated Employees of the Company and to permit them to maximize their elective contributions to the LQK Corporation Employees’ Retirement Plan (the
“401(k) Plan”) notwithstanding certain Code limitations. 
  

	 	1.3.	“Top Hat” Pension Benefit Plan. 

 The Plan is an “employee pension benefit plan” within the meaning of Section 3(2) of the Employees Retirement Income Security Act of 1974, as amended (“ERISA”). The Plan is maintained, however, only for a select
group of management or highly compensated employees and, therefore, is exempt from Parts 2, 3 and 4 of Title 1 of ERISA. The Plan is not intended to qualify under Code Section 401(a). 
  

	 	1.4.	Plan Unfunded. 

 The Plan is
unfunded. All benefits will be paid from the general assets of the Company, which will continue to be subject to the claims of the Company’s creditors. No amounts will be set aside for the benefit of Plan Participants or their Beneficiaries.

  

	 	1.5.	Effective Date. 

 The amended and
restated Plan is effective as of January 1, 2008. The rights and benefits of and/or with respect to a Participant whose employment terminated prior to January 1, 2008 shall be determined under the provisions of the Plan in effect when
his/her employment terminated. 
  

	 	1.6.	Administration. 

 The Plan shall be
administered by the Committee. 
  

 1 

	2.	DEFINITIONS AND CONSTRUCTION 

  

	 	2.1.	Definitions. 

 For purposes of the
Plan, the following words and phrases shall have the respective meanings set forth below, unless the context clearly requires a different meaning: 
  

	 	2.1.1.	401(k) Plan. 

 “401(k)
Plan” means the LKQ Corporation Employees’ Retirement Plan, as amended from time to time. 
  

	 	2.1.2.	Account. 

 “Account”
means the bookkeeping account maintained by the Committee on behalf of each Participant pursuant to Section 6.1. 
  

	 	2.1.3.	Affiliate. 

 “Affiliate”
means any entity that directly, or indirectly through one or more intermediaries, controls or is controlled by, or is under common control with, LKQ Corporation, pursuant to Code Section 1563. 
  

	 	2.1.4.	Base Pay. 

 “Base Pay” means: 
  

	 	2.1.4.1.	the Employee’s gross base rate of salary with respect to services rendered or labor performed reflected in the personnel records of the Company for a particular Plan
Year before deduction for income and employment taxes, but reduced by all legally required deductions against such income (including, but not limited to, wage assignments, wage garnishments, child support payments, levies, and remittance of all
applicable taxes to governmental authorities); and 

  

	 	2.1.4.2.	Commissions, if any. 

  

	 	2.1.5.	Base Pay Deferral. 

 “Base Pay Deferral” means the amount of a Participant’s Base Pay which the Participant elects to have withheld on a pre-tax basis and credited to his/her Account pursuant to Section 4.1. 
  

	 	2.1.6.	Beneficiary. 

 “Beneficiary” means the person or persons designated by the Participant in accordance with Paragraph 7.6.1 or, in the absence of an effective designation, the person or entity described in Paragraph 7.6.4. 
  

 2 

	 	2.1.7.	Board. 

 “Board” means
the board of directors of LKQ Corporation. 
  

	 	2.1.8.	Bonus Compensation. 

 “Bonus
Compensation” means the amount awarded to a Participant for a Plan Year under any bonus or long-term incentive arrangement maintained by the Company from time to time. 
  

	 	2.1.9.	Bonus Deferral. 

 “Bonus
Deferral” means the amount of a Participant’s Bonus Compensation which the Participant elects to have withheld on a pre-tax basis and credited to his/her account pursuant to Section 4.1. 
  

	 	2.1.10.	Code. 

 “Code” means the
Internal Revenue Code of 1986, as amended. 
  

	 	2.1.11.	Committee. 

 “Committee”
means the administrative committee appointed by the Board to administer the Plan in accordance with Section 7.2. 
  

	 	2.1.12.	Commissions. 

 “Commissions” means remuneration paid by the Company to a Participant based on sales of the Company’s products and/or services made by the Participant or individuals under his/her supervision. 
  

	 	2.1.13.	Company. 

 “Company”
means LKQ Corporation, and any successor thereto, and any Affiliate. 
  

	 	2.1.14.	Company Profit Sharing Contribution. 

 “Company Profit Sharing Contribution” means the discretionary contribution, if any, made by the Company for a Participant for a Plan Year in accordance with Section 4.5. 
  

	 	2.1.15.	Deferral. 

 “Deferral”
means a Base Pay Deferral and/or Bonus Deferral. 
  

 3 

	 	2.1.16.	Deferral Period. 

 “Deferral
Period” means the period of time for which a Participant elects to defer receipt of the Deferrals credited to such Participant’s Account as specified in Sections 5.2 or 7.1, as the case may be. Deferral Periods shall be measured on the
basis of Plan Years, beginning with the Plan Year that commences immediately following the Plan Year for which the applicable Deferrals are credited to the Participant’s Account. 
  

	 	2.1.17.	Disability. 

 “Disability” means a disability which qualifies for disability under the Company’s long-term disability plan; provided, however, if disability cannot, for purposes of Code Section 409A, be defined by reference to the
Company’s long-term disability plan (or if no such plan exists), then disability means a condition whereby a Participant: 
  

	 	2.1.17.1.	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; or 

  

	 	2.1.17.2.	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 Participant’s employer. 

  

	 	2.1.18.	Director. 

 “Director”
means a member of the Board of the Company. 
  

	 	2.1.19.	Effective Date. 

 “Effective
Date” means August 1, 1999. 
  

	 	2.1.20.	Election to Extend Deferral Form 

 “Election to Extend Deferral Form” means the form designated by the Committee for use by Employees and the Company to further extend the Deferral Period related to payment of their Deferrals under the Plan. This form may be
changed at any time by the Committee as it deems necessary or advisable. 
  

	 	2.1.21.	Election to Change Form of Distribution 

 “Election to Change Form of Distribution” means the form designated by the Committee for use by Employees and the Company to change the form in which 

  

 4 

 
payment of their Deferrals under the Plan will be paid to them (i.e., lump sum or installments). This form may be changed at any time by the Committee
as it deems necessary or advisable. 
  

	 	2.1.22.	Employee. 

 “Employee”
means any common-law employee of the Company. 
  

	 	2.1.23.	ERISA. 

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

	 	2.1.24.	Matching Contribution. 

 “Matching Contribution” means the discretionary matching contribution, if any, made by the Company for a Participant for a Plan Year which is based on the Participant’s Deferrals into the Plan for such Plan Year in accordance
with Section 4.4. 
  

	 	2.1.25.	Other Company Contribution. 

 “Other Company Contribution” means the discretionary contribution, if any, made by the Company for a Participant for a Plan Year in accordance with Section 4.6 and which is based on such criteria as the Company determines and
deems appropriate. 
  

	 	2.1.26.	Participant. 

 “Participant” means each Employee who has been selected for participation in the Plan and who has become a Participant pursuant to Section 3. 
  

	 	2.1.27.	Participation Agreement. 

 “Participation Agreement” means the written agreement pursuant to which the Participant: 
  

	 	2.1.27.1.	elects the amount of his/her Base Pay and Bonus Compensation, if any, to be deferred pursuant to the Plan; 

  

	 	2.1.27.2.	elects the Deferral Period; 

  

	 	2.1.27.3.	elects the initial timing-of-distribution elections and initial form-of-distributions elections as relates to the his/her Account; 

  

	 	2.1.27.4.	elects the deemed investment of amounts credited to his/her Account; and 

  

 5 

	 	2.1.27.5.	elects any such other matters as the Committee shall determine from time to time. 

  

	 	2.1.28.	Performance Based Compensation. 

 “Performance Based Compensation” means the portion of the Participant’s Bonus Compensation determined by the Committee to satisfy the requirements set forth in Treasury Regulation Section 1.409A-1(e) (or any successor
guidance subsequently issued including revised Treasury Regulations or other administrative guidance issued pursuant thereto), and such Performance Based Compensation may be determined on a fiscal or calendar year basis. 
  

	 	2.1.29.	Permissible Investment. 

 “Permissible Investment” means the investments specified by the Committee as available for hypothetical investment of Accounts. The Permissible Investments under the Plan are listed in the Participation Agreement, and the
provisions of the Participation Agreement listing the Permissible Investments are hereby incorporated herein. 
  

	 	2.1.30.	Plan. 

 “Plan” means the
LKQ Corporation 401(k) Plus Plan II, as amended and restated effective January 1, 2008, and as further amended from time to time. 
  

	 	2.1.31.	Plan Year. 

 “Plan Year”
means the twelve-consecutive month period commencing January 1 of each year ending on December 31. 
  

	 	2.1.32.	Retirement Date. 

 “Retirement
Date” means the date a Participant voluntarily terminates his/her employment with the Company on the earlier of: 
  

	 	2.1.32.1.	on or after he/she has attained at least sixty-five (65) years of age; or 

  

	 	2.1.32.2.	on or after he/she has attained at least fifty-five (55) years of age and completed at least ten (10) Years of Service. 

  

	 	2.1.33.	Specified Employee. 

 “Specified Employee” shall mean a Participant who is a key employee (as defined in Code Section 416(i) without regarding to Code Section 416(i)(5)) of the Company. For purposes of this definition, a Participant is a key
employee if the Participant meets the requirements of Code Section 416(i)(1)(A)(i), (ii) or (iii) (applied in accordance with the regulations thereunder and disregarding Code Section 416(i)(5)) at any time during the twelve-month
period ending on any 

  

 6 

 
December 31. If a Participant is a key employee as of any December 31, that Participant is treated as a Specified Employee for the twelve-month
period beginning on the April 1 following the relevant December 31. 
  

	 	2.1.34.	Unforeseeable Emergency. 

 “Unforeseeable Emergency” is as defined in Treasury Regulation Section 1.409A-3(i)(3)(i) (or any successor guidance subsequently issued including revised Treasury Regulations or other administrative guidance issued pursuant
thereto). 
  

	 	2.1.35.	Valuation Date. 

 “Valuation
Date” means the last business day of each calendar month and each special valuation date designated by the Committee. 
  

	 	2.1.36.	Year of Service. 

 “Year of
Service” has the same meaning as in the 401(k) Plan for purposes of vesting. 
  

	 	2.2.	Number and Gender. 

 Wherever
appropriate, words used in the singular shall be considered to include the plural and words used in the plural shall be considered to include the singular. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine
gender. 
  

	 	2.3.	Headings. 

 The headings are
included solely for convenience, and if there is any conflict between any heading and the text of the Plan, the Plan text shall control. 
  

	3.	PARTICIPATION AND ELIGIBILITY 

  

	 	3.1.	Participation. 

 Participants in the
Plan are those Employees who are: 
  

	 	3.1.1.	subject to the income tax laws of the United States; 

  

	 	3.1.2.	members of a select group of highly compensated or management Employees; and 

  

	 	3.1.3.	selected by the Committee, in its sole discretion, as Participants. 

 The Committee shall notify each Participant of his/her selection as a Participant in writing. Notwithstanding any eligibility designation under this Section 3.1, an Employee shall not be eligible for the first
time unless and until notification is provided to them of such designation. Subject to the provisions of Section 3.3, a Participant shall remain eligible to continue participation in the Plan for each Plan Year following his/her initial year of
participation in the Plan. 
  

 7 

	 	3.2.	Commencement of Participation. 

 Subject to Code Section 409A nonqualified deferred compensation plan aggregation rules, an Employee who becomes newly eligible to participate in the Plan under Section 3.1 must submit the Participation Agreement within thirty
(30) days of the date he/she first becomes eligible due to notification pursuant to Section 3.1 immediately above. However, such Deferral elections shall be prospective and shall apply only to Base Pay and/or Bonus Compensation that would
otherwise be earned and then paid to the Employee after the Participation Agreement is filed. Notwithstanding the foregoing, no Deferral elections shall be permitted under the Plan until such time as determined by the Committee. Additionally, at the
time a Participant files his/her first Participation Agreement, the Participant must also make the timing-of-distribution election (specifically relating to a specified, fixed date for distribution) described in Sections 5.2 or 7.1, as the case may
be, and the form-of-distribution election also described in Section 7.2 related to his/her total amounts accumulated under the Plan. In the event that a Participant does not make a timing-of-distribution election (specifically relating to a
specified, fixed date for distribution) and/or a form-of-distribution election with respect to his/her initial Deferral election under the Plan, such Participant shall be deemed to have initially elected to receive his/her deferred compensation in
the form of a lump-sum on his/her date of termination of service (unless earlier acceleration due to death or Disability). 
  

	 	3.3.	Cessation of Active Participation 

 In the event a Participant no longer meets the requirements for eligibility to participate in the Plan, such Participant shall become an inactive Participant as of the January 1 of the Plan Year immediately following the Plan Year that
includes the ineligibility event trigger. Notwithstanding this, such Participant shall retain all of the rights described under the Plan, except the right to make any further deferrals hereunder as of the immediately following January 1;
provided, however, that such a Participant shall continue to make deferrals for the remainder of the Plan Year in which he or she becomes ineligible to participate. The Committee shall communicate such ineligibility to such Participant in writing
prior to the effective date of such action. Such cessation shall have no effect upon amounts then credited to his/her Account which shall remain subject to all of the applicable provisions of the Plan. 
  

	4.	DEFERRALS, MATCHING AND COMPANY CONTRIBUTIONS 

  

	 	4.1.	Deferrals by Participants. 

 Before
the first day of each Plan Year (or as otherwise permitted by applicable law), a Participant may file with the Committee a Participation Agreement pursuant to which such Participant elects to make Deferrals. Participants may defer, in whole
percentages, amounts which cannot exceed the following: 
  

	 	4.1.1.	up to fifty percent (50%) of Base Pay; 

  

 8 

	 	4.1.2.	up to one hundred percent (100%) of Bonus Compensation. 

 The minimum Deferral for a Plan Year is Two Thousand Dollars ($2000.00); provided, however, the minimum Deferral shall be prorated for any Plan Year in which an individual is not a Participant for twelve
(12) months based on full months of participation. The maximum Deferrals permitted under the Plan for a Plan Year is Fifty Thousand Dollars ($50,000.00) or such other adjusted amount determined by the Committee from time to time before the
commencement of any Plan Year; provided, however, such maximum shall not apply to Bonus Deferrals which shall not be subject to any maximum limitation. Any Participant Deferral election shall be subject to rules prescribed by the Committee.
Deferrals will be credited to the Account of each Participant at the time they would have been paid to the Participant in cash but for the election to defer. 
  

	 	4.2.	Effective Date of Participation Agreement. 

  

	 	4.2.1.	Annual Submission of Election to Defer Form. 

 Before the beginning of each Plan Year, each Employee may elect to reduce the amount of: 
  

	 	4.2.1.1.	his/her Base Pay that would otherwise be earned and paid to the Employee in the following Plan Year; and/or 

  

	 	4.2.1.2.	his/her Bonus Compensation that would otherwise be paid to the Employee in the second following Plan Year (where the immediately following Plan Year is the performance period
upon which such Bonus is based). 

 This Deferral election must be made on the Participation Agreement (or any successor form
thereto for this purpose) provided by the Committee. A Participant’s Participation Agreement shall become effective on the first day of the Plan Year to which it relates. The Deferral election may be amended at any time but any election as in
effect on the last business day before the first day of the Plan Year with respect to which the Deferral election is made shall govern. An Employee must file a new Participation Agreement for each Plan Year as to which he/she wishes to defer Base
Pay and/or Bonus Compensation. Notwithstanding the foregoing, no such Deferral elections shall be permitted under the Plan until such time as determined by the Company. Notwithstanding anything to the contrary, a Participation Agreement with respect
to any Bonus Compensation which is determined by the Committee to be Performance Based Compensation, shall be made as provided by the Committee, but no later than six (6) months prior to the end of such Bonus Compensation’s performance
period. 
  

	 	4.2.2.	Failure to Submit Annual Election to Defer Form. 

 If an Employee fails to submit the appropriate annual Participation Agreement as required under this Section 4.2, he/she will be deemed to have elected not to participate in the Plan for the Plan Year to which
such Participation Agreement otherwise would apply. 
  

 9 

	 	4.2.3.	Cancellation of Deferral Elections. 

  

	 	4.2.3.1.	Non Revocation of Deferral. 

    After the beginning of a Plan Year to which Base Pay and/or Bonus Compensation are deferred by the Participant for such Plan Year under Section 4.1, the Participant may not revoke such Deferral election during the
Plan Year, except to the extent that such revocation would be allowable by the provisions of this subparagraph 4.2.3. 
  

	 	4.2.3.2.	Unforeseeable Emergency. 

    The Committee may cancel a Participant’s Participation Agreement pursuant to the provisions of Treasury Regulation Section 1.409A-3(j)(4)(viii) (or any successor guidance subsequently issued including revised
Treasury Regulations or other administrative guidance issued pursuant thereto) in connection with the Participant’s Unforeseeable Emergency. To the extent required pursuant to the application of Treasury Regulation Section 1.401(k)-1(d)(3)
(or any successor guidance subsequently issued including revised Treasury Regulations or other administrative guidance issued pursuant thereto), a Participant’s Participation Agreement shall be automatically cancelled for a period of one year
(or any such longer period as may be required by the applicable Code and regulations) following the date on which the Participant receives a hardship withdrawal from the 401(k) Plan maintained by the Company, and no amount shall be withheld from any
payment of Base Pay and/or Bonus Compensation that becomes payable during such period. 
  

	 	4.2.3.3.	Disability. 

    The
Committee may cancel a Participant’s Participation Agreement pursuant to the provisions of Treasury Regulation Section 1.409A-3(j)(4)(xii) (or any successor guidance subsequently issued including revised Treasury Regulations or other
administrative guidance issued pursuant thereto) in connection with the Participant’s Disability. Such cancellation must occur by the later of the end of the Participant’s taxable year in which, or the 15th day of the third month following
the date on which, the Participant incurs a Disability. 
  

	 	4.2.3.4.	Final Pay Check Due to Termination of Employment. 

    A Participant whose employment terminates prior to the date any remuneration which he/she elected to defer would have been paid to him/her shall be paid such remuneration in cash instead of deferring
it into the Plan. 
  

 10 

 A cancellation pursuant to this subparagraph 4.2.3 shall apply only to Base Pay and/or Bonus
Compensation not yet earned. 
  

	 	4.3.	Modification or Revocation of Election by Participant. 

 A Participant may not change the amount of his/her Base Pay Deferrals or Bonus Deferrals at any time during a Plan Year. 
  

	 	4.4.	Matching Contributions. 

 For each
Plan Year, the Account of each Participant shall be credited with a Matching Contribution equal to such amount, if any, as the Company shall determine based on the Participant’s Deferrals for such Plan Year. 
  

	 	4.5.	Company Profit Sharing Contribution. 

 For each Plan Year, the Account of each Participant shall be credited with a Company Profit Sharing Contribution equal to such amount, if any, as the Company shall determine in its complete and sole discretion. 
  

	 	4.6.	Other Company Contributions. 

 For
each Plan Year, the Account of each Participant shall be credited with an Other Company Contribution equal to such amount, if any, as the Company shall determine in its complete and sole discretion. 
  

	5.	VESTING, DEFERRAL PERIODS AND INVESTMENT ELECTIONS 

  

	 	5.1.	Vesting. 

 All provisions of the
Plan relating to the distribution of a Participant’s Account shall mean only the vested portion of such Account. Since the Plan is unfunded, the portion of a Participant’s Account which is not vested and therefore not distributed with the
vested portion of his/her Account shall remain property of the Company and not be allocated to Accounts of other Participants or otherwise inure to their benefit. 
  

	 	5.1.1.	Participant Deferrals. 

 A
Participant shall be one hundred percent (100%) vested at all times in the amount of his/her Account which is attributable to his/her Deferrals. 
  

	 	5.1.2.	Matching Contributions. 

 A
Participant shall vest in his/her Matching Contributions, if any, for a Plan Year in accordance with the vesting provisions of the 401(k) Plan applicable to the vesting of matching contributions thereunder. 
  

 11 

	 	5.1.3.	Company Profit Sharing Contributions. 

 A Participant shall vest in his/her Company Profit Sharing Contributions, if any, for a Plan Year in accordance with the vesting provisions of the 401(k) Plan applicable to the vesting of profit sharing contributions thereunder. 

 

	 	5.1.4.	Other Contributions. 

 A
Participant shall vest in his/her Other Contributions, if any, for a Plan Year in accordance with any relevant vesting schedule determined by the Committee from time to time. 
  

	 	5.1.5.	Accelerated Vesting. 

 Notwithstanding anything to the contrary, a Participant’s Account shall become one hundred percent (100%) vested upon his/her: 
  

	 	5.1.5.1.	Death while employed; 

  

	 	5.1.5.2.	Disability while employed; or 

  

	 	5.1.5.3.	Retirement Date while employed. 

  

	 	5.2.	Election of In-Service Distribution. 

  

	 	5.2.1.	Election.  

 If a
Participant desires an in-service distribution of all or a percentage of his/her Deferrals for any given Plan Year, including earnings on such Deferrals, he/she must elect such in-service distribution on his/her Participation Agreement for such Plan
Year. In the case of any such election, the Deferral Period must be for at least two (2) years. Notwithstanding anything to the contrary, if the Participant elects an in-service distribution and is entitled to such a distribution pursuant to
such election prior to the required distributable events listed in Section 7.1, distribution pursuant to such in-service distribution election shall not include Matching Contributions, Company Profit Sharing Contributions and/or Other
Contributions and earnings on Matching Contributions, Company Profit Sharing Contributions and/or Other Contributions and must always be made in a lump sum on the date requested by the Participant, unless such day falls on a weekend or holiday and
then it shall be made on the next following business day. 
  

	 	5.2.2.	Subsequent Deferral Election of In-Service Distribution. 

 A Participant may elect to extend a Deferral Period previously selected under paragraph 5.2.1 immediately above for an in-service distribution by filing an Election to Extend Deferral Period Form (or any successor
form thereto from time to time) with the Company that specifies the later fixed date on which the Deferral Period for such in-service distribution will expire. This Election to Extend Deferral Period Form must be filed at least one year
(i.e., twelve (12) months) before the expiration of the original Deferral Period specified by the Participant under paragraph 5.2.1 immediately above with respect to such in-service distribution. This Election to Extend Deferral Period
Form will not be effective until at least one year (i.e., twelve 

  

 12 

 
(12) months) after the date on which such form has been filed. Under the Election to Extend Deferral Period Form, all payments scheduled under the extended
specified, fixed date for a given in-service distribution must occur five (5) years or later from the date such payment was originally scheduled to be received under the then designated and enforceable specified, fixed date election for such
in-service distribution. A Participant may make multiple subsequent deferral elections under this paragraph 5.2.2 for any given in-service distribution but any time requirements set forth herein must be separately satisfied with respect to each
subsequent distribution election. Notwithstanding the foregoing, subsequent deferral elections made on an Election to Extend Deferral Period Form must comply, at all times, with Code Section 409A, any regulations issued with respect to Code
Section 409A and any other guidance issued the IRS and authoritative on the issue. 
  

	 	5.3.	Investment Elections. 

  

	 	5.3.1.	Manner of Investment.  

 All
amounts credited to the Accounts of Participants shall be treated as though invested and reinvested only in Permissible Investments. 
  

	 	5.3.2.	Investment Decisions, Earnings and Expenses. 

 Investments in which the Accounts of Participants shall be treated as invested and reinvested shall be directed by the Participant in Permissible Investments as designated in the Participation Agreement or otherwise
designated by the Committee from time to time. A Participant may elect different investment allocations for new contributions and existing Account balances. Only whole percentages may be elected, and the total elections must allocate 100% of all new
contributions and 100% of all existing Account balances. In the event a Participant fails to allocate one hundred percent (100%) of his or her Account, he or she shall conclusively be deemed to have elected that any unallocated amounts in his
or her Account be hypothetically invested in the default fund designated by the Company from time to time. Investment elections may be changed once per month in accordance with the procedures set forth by the Committee from time to time. Any change
shall be effective prospectively only. All dividends, interest, gains, and distributions of any nature that would be earned on a Permissible Investment will be credited to the Account as though reinvested in additional shares of that Permissible
Investment. Expenses that would be attributable to such investments shall be charged to the Account of the Participant. The Committee may change Permissible Investments at any time in its sole discretion, and may adopt procedures with respect to
Participant’s investment decisions, including procedures providing for the investment of the Account of a Participant who does not make an investment decision Under no circumstances whatsoever shall the Company or the Committee, or any of their
employees, have any liability for any investment losses incurred by any Participant (including without limitation any loss alleged to have resulted from the negligence, gross negligence, or recklessness of any such person). A
Participant’s Account shall be adjusted as of each Valuation Date to reflect investment gains and losses. 
  

 13 

	6.	ACCOUNTS 

  

	 	6.1.	Establishment of Bookkeeping Accounts. 

 A separate bookkeeping Account shall be maintained for each Participant. Such account shall be: 
  

	 	6.1.1.	credited with the Deferrals, Matching Contributions, Company Profit Sharing Contributions, and Other Company Contributions; 

  

	 	6.1.2.	credited (or reduced by, as the case may be) with the hypothetical investment gains/losses determined pursuant to Section 5.3; and 

  

	 	6.1.3.	reduced by the distributions made to or with respect to a Participant. 

  

	 	6.2.	Subaccounts. 

 Within each
Participant’s bookkeeping Account, separate subaccounts shall be maintained to the extent necessary for the administration of the Plan. 
  

	 	6.3.	Hypothetical Nature of Accounts. 

 The Account established under this Section 6 shall be hypothetical in nature and shall be maintained for bookkeeping purposes only, so that Deferrals, Matching Contributions, and Company Profit Sharing Contributions, and Other Company
Contributions can be credited to the Participant and so that gains and losses on such amounts so credited can be credited or charged, as the case may be. Neither the Plan nor any of the Accounts (or subaccounts) shall hold any actual funds or
assets. The right of any person to receive one or more payments under the Plan shall be an unsecured claim against the general assets of the Company. Any liability of the Company to any Participant, former Participant, or Beneficiary with respect to
a right to payment shall be based solely upon contractual obligations created by the Plan. Neither the Company, the Board, nor any other person shall be deemed to be a trustee of any amounts to be paid under the Plan. Nothing contained in the Plan,
and no action taken pursuant to its provisions, shall create or be construed to create a trust of any kind, or a fiduciary relationship, between the Company and a Participant, former Participant, Beneficiary, or any other person. 
  

	7.	PAYMENT OF ACCOUNT 

  

	 	7.1.	Distribution of Contribution to 401(k) Plan. 

 As soon as practicable, but in no event later than March 15 of the Plan Year following the Plan Year for which the Participant executed a Participation Agreement with respect to a given Plan Year, the
lesser of:  
  

	 	7.1.1.	the allowable before-tax contribution which may be made on behalf of the Participant to the 401(k) Plan for the Plan Year for which the Participant executed the Participation
Agreement; and 

  

 14 

	 	7.1.2.	the sum of the Base Pay Deferrals and Bonus Deferrals for such Plan Year for which the Participant executed such Participation Agreement, shall be paid directly to
Participant as compensation earned in the Plan Year for which the Participant executed the Participation Agreement, unless the Participant previously elected (in both the Participation Agreement and his/her 401(k) Plan deferral
elections) to have such amount contributed to the 401(k) Plan as an elective before-tax contribution. If the Participant elected to have such amount contributed to the 401(k) Plan as an elective before-tax contribution, such amount together with an
amount equal to the applicable Matching Contributions (but not in excess of the matching contributions that would have been made on such amounts under the 401(k) Plan) shall be distributed directly to the Participant’s account within the 401(k)
Plan and the appropriate subaccounts (i.e., participant deferral account and matching contribution account) of Participant’s account within the 401(k) Plan shall be debited accordingly. Notwithstanding the preceding, the Plan shall not make
distributions to the Participant or to the 401(k) Plan in excess of the Participant’s Account balance under this Plan. Distributions pursuant to this paragraph 7.1.1 may be made in one or more installments. 

  

	 	7.2.	Length of Deferral Period (i.e., Timing of Distributions).  

 Distribution of that portion of a Participant’s Account for which an in-service distribution has been elected for a given Plan Year pursuant to Section 5.2 above shall be made at the time specified in such
Participation Agreement election unless the Participant’s employment terminates prior to such time, in which event the remaining provisions of this Section 7.2 shall apply. Except as otherwise provided, payment of the Participant’s
Account shall commence no later than sixty (60) days following the earliest to occur of the following events: 
  

	 	7.2.1.	the Participant’s death; 

  

	 	7.2.2.	the Participant’s Disability; or 

  

	 	7.2.3.	the Participant’s termination from service with the Company. 

 Such Account shall be valued as of the Valuation Date commensurate with the payment date. Notwithstanding the foregoing, if the Participant is a Specified Employee, any amounts payable to the Participant under this
Section 7.2 during the first six months and one day following such Participant’s date of termination shall be further deferred until the date which is six months and one day following such Participant’s termination, and if such
payments are required to be so deferred the first payment will be in an amount equal to the total amount to which the Participant would otherwise have been entitled during the period following the Participant’s date of termination of employment
if deferral had not been required. 
  

 15 

	 	7.3.	Form of Payment. 

  

	 	7.3.1.	General Rule. 

 At the time a
Participant files a Participation Agreement for a given Plan Year, the Participant must elect the form in which the Participant’s entire Account will be distributed if such distribution event occurs due to reason of the Participant’s
termination of service which includes his/her death, Disability or Retirement Date. The Participant must elect either: 
  

	 	7.3.1.1.	A lump sum payment; or 

  

	 	7.3.1.2.	Substantially equal monthly installments over a period of sixty (60), one hundred twenty (120), or one hundred eighty (180) months or substantially equal annual
installments over a period of five (5), ten (10), or fifteen (15) years. Earnings on the unpaid balance shall continue to be credited to subaccounts at the appropriate earning rate, in accordance with the Participant’s investment election.
For purposes of the Plan and Code Section 409A, the right to a series of installment payments is to be treated as a right to a series of separate payments. 

 If a former Participant is receiving an installment form of distribution and dies prior to the distribution of his/her entire Account, the installment
distributions will be continued to his/her Beneficiary. 
  

	 	7.3.2.	Subsequent Change in Form Election. 

 A Participant may elect to change his/her form of distribution (i.e., from lump sum to installments or vice versa) by filing an Election to Change Form of Distribution (or any successor form thereto from time to time) with the Company the
newly elected form of distribution. This Election to Change Form of Distribution must be filed at least one year (i.e., twelve (12) months) before the expiration of the then designated and enforceable Deferral Period specified by the
Participant under Section 7.2 subject to Section 5.2. This Election to Change Form of Distribution will not be effective until at least one year (i.e., twelve (12) months) after the date on which such form has been filed. Under
the Election to Change Form of Distribution, any change in form of distribution (i.e., from lump sum to installments or vice versa) cannot accelerate any payment scheduled under the then designated and enforceable Deferral Period and shall
additionally require an automatic delay in the timing of distribution to five (5) years from the date all such payments are then scheduled to be made under then designated and enforceable Deferral Period. A Participant may make multiple
subsequent change in form elections under this paragraph 7.3.2 but any time requirements set forth herein must be separately satisfied with respect to each subsequent distribution election. Notwithstanding the foregoing, subsequent change in form
elections made on an Election to Change Form of Distribution must comply, at all times, with Code Section 409A, any regulations issued with respect to Code Section 409A and any other guidance issued the IRS and authoritative on the issue.

  

	 	7.4.	No Acceleration Of Benefits. 

 Notwithstanding any other terms in this Plan document, the Plan does not permit the acceleration of the time or schedule of any payment under the Plan, except as may be allowed by Treasury Regulations or any other Department of Treasury or
IRS guidance issued under Code Section 409A. 
  

 16 

	 	7.5.	Small Account. 

 Notwithstanding
anything to the contrary in this Plan, if the total of a Participant’s vested, unpaid Account balance as of the time the payments are to commence from the Participant’s Account pursuant to Section 7.2 are less than $10,000, the
remaining unpaid, vested Account shall be paid in a lump sum paid no later than sixty (60) days immediately following the date of termination, notwithstanding any election by the Participant to the contrary. 
  

	 	7.6.	Designation of Beneficiaries. 

  

	 	7.6.1.	General Designation Rule. 

 Each
Participant shall have the right, at any time, to designate one (1) or more persons or an entity as Beneficiary (both primary as well as secondary) to whom benefits under this Plan shall be paid in the event of a Participant’s death prior
to complete distribution of the Participant’s Account. Each Beneficiary designation shall be in a written form prescribed by the Committee and will be effective only when filed with and received by the Committee during the Participant’s
lifetime. In case of a Participant who is a resident of a community property state, designation by a married Participant of a Beneficiary other than the Participant’s spouse shall not be effective unless the spouse executes a written consent
that acknowledges the effect of the designation and is witnessed by a notary public, or the consent cannot be obtained because the spouse cannot be located. 
  

	 	7.6.2.	Amendments. 

 Except as provided
below, any nonspousal designation of Beneficiary may be changed by a Participant without the consent of such Beneficiary by the filing of a new designation with the Committee. The filing of a new designation shall cancel all designations previously
filed. 
  

	 	7.6.3.	Change in Marital Status. 

 If the
marital status of a Participant residing in a community property state changes after the Participant has designated a Beneficiary, the following shall apply: 
  

	 	7.6.3.1.	If the Participant is married at death but was unmarried when the designation was made, the designation shall be void unless the spouse has consented to it in the manner
prescribed above. 

  

	 	7.6.3.2.	If the Participant is unmarried at death but was married when the designation was made: 

 (A) The designation shall be void if the spouse was named as Beneficiary. 
  

 17 

 (B) The designation shall remain valid if a nonspouse Beneficiary was named.

 If the Participant was married when the designation was made and is married to a different spouse at death, the designation shall be void
unless the new spouse has consented to it in the manner prescribed above. 
  

	 	7.6.4.	No Beneficiary Designation. 

 If
any Participant fails to designate a Beneficiary in the manner provided above, or if the Beneficiary designated by a deceased Participant dies before the Participant or before complete distribution of the Participant’s benefits, the
Participant’s Beneficiary shall be the person in the first of the following classes in which there is a survivor: 
  

	 	7.6.4.1.	The Participant’s surviving spouse; 

  

	 	7.6.4.2.	The Participant’s children in equal shares, except that if any of the children predeceases the Participant but leaves issue surviving, then such issue shall take by
right of representation the share the parent would have taken if living; 

  

	 	7.6.4.3.	The Participant’s estate. 

  

	 	7.7.	Unclaimed Benefits. 

 In the case of
a benefit payable on behalf of such Participant, if the Committee is unable to locate the Participant or Beneficiary to whom such benefit is payable, such benefit may be forfeited to the Company, upon the Committee’s determination.
Notwithstanding the foregoing, if subsequent to any such forfeiture the Participant or Beneficiary to whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be paid by the Company or restored to the Plan by
the Company. 
  

	 	7.8.	Unforeseeable Emergency Withdrawals.  

 A Participant may apply in writing to the Committee for, and the Committee may permit, a withdrawal for an Unforeseeable Emergency of all (valued as of the last day of the month prior to the month in which the
application is made) or any part of a Participant’s Account if the Committee, in its sole discretion, determines that the Participant has incurred an Unforeseeable Emergency. The amount that may be withdrawn shall be limited to the amount
reasonably necessary to relieve the hardship or financial emergency upon which the request is based, plus the federal and state taxes due on the withdrawal, as determined by the Committee. The Committee may require a Participant who requests such a
withdrawal to submit such evidence as the Committee, in its sole discretion, deems necessary or appropriate to substantiate the circumstances upon which the request is based. 
  

	 	7.9.	Withholding. 

 All Deferrals and
distributions shall be subject to legally required income and employment tax withholding. Such taxes shall include, but not necessarily be limited to, 

  

 18 

 
Social Security taxes on Deferrals, Matching Contributions, Company Profit Sharing Contributions and/or Other Contributions at the time they are vested and
income taxes on distributions. 
  

	8.	ADMINISTRATION 

  

	 	8.1.	Committee. 

 The Plan shall be
administered by a Committee, which shall be appointed by and serve at the pleasure of the Board. The Committee shall be responsible for the general operation and administration of the Plan and for carrying out the provisions thereof. The Committee
may delegate to others certain aspects of the management and operational responsibilities of the Plan including the employment of advisors and the delegation of ministerial duties to qualified individuals, provided that such delegation is in
writing. No member of the Committee who is a Participant shall participate in any matter relating to his status as a Participant or his rights or entitlement to benefits as a Participant. 
  

	 	8.2.	General Powers of Administration. 

 The Committee shall have all powers necessary or appropriate to enable it to carry out its administrative duties. Not in limitation, but in application of the foregoing, the Committee shall have discretionary authority to construe and
interpret the Plan and determine all questions that may arise hereunder as to the status and rights of Employees, Participants, and Beneficiaries. The Committee may exercise the powers hereby granted in its sole and absolute discretion. The
Committee may promulgate such regulations as it deems appropriate for the operation and administration of the Plan. No member of the Committee shall be personally liable for any actions taken by the Committee unless the member’s action involves
gross negligence or willful misconduct. 
  

	 	8.3.	Indemnification of Committee. 

 The
Company shall indemnify the members of the Committee against any and all claims, losses, damages, expenses, including attorney’s fees, incurred by them, and any liability, including any amounts paid in settlement with their approval, arising
from their action or failure to act, except when the same is judicially determined to be attributable to their gross negligence or willful misconduct. 
  

	9.	DETERMINATION OF BENEFITS, CLAIMS PROCEDURE AND ADMINISTRATION 

  

	 	9.1.	Claims. 

 A Participant, beneficiary
or other person who believes that he/she is being denied a benefit to which he/she is entitled (hereinafter referred to as “Claimant”), or his/her duly authorized representative, may file a written request for such benefit with the
Committee setting forth his/her claim. The request must be addressed to the Committee at the Company at its then principal place of business. 
  

 19 

	 	9.2.	Claim Decision. 

 Upon receipt of a
claim, the Committee shall advise the Claimant that a reply will be forthcoming within a reasonable period of time, but ordinarily not later than ninety days, and shall, in fact, deliver such reply within such period. However, the Committee may
extend the reply period for an additional ninety days for reasonable cause. If the reply period will be extended, the Committee shall advise the Claimant in writing during the initial 90-day period indicating the special circumstances requiring an
extension and the date by which the Committee expects to render the benefit determination. If the claim is denied in whole or in part, the Committee will render a written opinion, using language calculated to be understood by the Claimant, setting
forth: 
  

	 	9.2.1.	the specific reason or reasons for the denial; 

  

	 	9.2.2.	the specific references to pertinent Plan provisions on which the denial is based; 

  

	 	9.2.3.	description of any additional material or information necessary for the Claimant to perfect the claim and an explanation as to why such material or such information is
necessary; 

  

	 	9.2.4.	appropriate information as to the steps to be taken if the Claimant wishes to submit the claim for review, including a statement of the Claimant’s right to bring a civil
action under Section 502(a) of ERISA following an adverse benefit determination on review; and 

  

	 	9.2.5.	the time limits for requesting a review of the denial under Section 9.3 and for the actual review of the denial under Section 9.4. 

  

	 	9.3.	Request for Review. 

 Within sixty
(60) days after the receipt by the Claimant of the written opinion described above, the Claimant may request in writing that the Secretary of the Company (“Secretary”) review the Committee’s prior determination. Such request must
be addressed to the Secretary at the Company at its then principal place of business. The Claimant or his/her duly authorized representative may submit written comments, documents, records or other information relating to the denied claim, which
such information shall be considered in the review under this Section without regard to whether such information was submitted or considered in the initial benefit determination. The Claimant or his/her duly authorized representative shall be
provided, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information which: 
  

	 	9.3.1.	was relied upon by the Committee in making its initial claims decision; 

  

	 	9.3.2.	was submitted, considered or generated in the course of the Committee making its initial claims decision, without regard to whether such instrument was actually relied upon
by the Committee in making its decision; or 

  

	 	9.3.3.	demonstrates compliance by the Committee with its administrative processes and safeguards designed to ensure and to verify that benefit claims determinations are made in
accordance with governing Plan documents and that, where appropriate, the Plan provisions have been applied consistently with respect to similarly situated claimants. 

  

 20 

 If the Claimant does not request a review of the Committee’s determination within such sixty-day
period, he or she shall be barred and estopped from challenging such determination. 
  

	 	9.4.	Review of Decision. 

 Within a
reasonable period of time, ordinarily not later than sixty days, after the Secretary’s receipt of a request for review, it will review the Committee’s prior determination. If special circumstances require that the sixty-day time period be
extended, the Secretary will so notify the Claimant within the initial 60-day period indicating the special circumstances requiring an extension and the date by which the Secretary expects to render its decision on review, which shall be as soon as
possible but not later than 120 days after receipt of the request for review. In the event that the Secretary extends the determination period on review due to a Claimant’s failure to submit information necessary to decide a claim, the period
for making the benefit determination on review shall not take into account the period beginning on the date on which notification of extension is sent to the Claimant and ending on the date on which the Claimant responds to the request for
additional information. Benefits under the Plan will be paid only if the Secretary decides in its discretion that the Claimant is entitled to such benefits. The decision of the Secretary shall be final and non-reviewable, unless found to be
arbitrary and capricious by a court of competent review. Such decision will be binding upon the Employer and the Claimant. If the Secretary makes an adverse benefit determination on review, the Secretary will render a written opinion, using language
calculated to be understood by the Claimant, setting forth: 
  

	 	9.4.1.	the specific reason or reasons for the denial; 

  

	 	9.4.2.	the specific references to pertinent Plan provisions on which the denial is based; 

  

	 	9.4.3.	a statement that the Claimant is entitled to receive, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information
which: 

  

	 	9.4.3.1.	was relied upon by the Secretary in making its decision; 

  

	 	9.4.3.2.	was submitted, considered or generated in the course of the Secretary making its decision, without regard to whether such instrument was actually relied upon by the Secretary
in making its decision; or 

  

	 	9.4.3.3.	demonstrates compliance by the Secretary with its administrative processes and safeguards designed to ensure and to verify that benefit claims determinations are made in
accordance with governing Plan documents, and that, where appropriate, the Plan provisions have been applied consistently with respect to similarly situated claimants; and 

  

 21 

	 	9.4.4.	a statement of the Claimant’s right to bring a civil action under Section 502(a) of ERISA following the adverse benefit determination on such review.

  

	 	9.5.	Discretionary Authority. 

 The
Committee and Secretary shall both have discretionary authority to determine a Claimant’s entitlement to benefits upon his/her claim or his/her request for review of a denied claim, respectively. 
  

	10.	MISCELLANEOUS 

  

	 	10.1.	Plan Not a Contract of Employment. 

 The adoption and maintenance of the Plan shall not be or be deemed to be a contract between the Company and any person or to be consideration for the employment of any person. Nothing herein contained shall give or be deemed to give any
person the right to be retained in the employ of the Company or to restrict the right of the Company to discharge any person at any time; nor shall the Plan give or be deemed to give the Company the right to require any person to remain in the
employ of the Company or to restrict any person’s right to terminate his employment at any time. 
  

	 	10.2.	Non-Assignability of Benefits. 

 No
Participant, Beneficiary or distributee of benefits under the Plan shall have any power or right to transfer, assign, anticipate, hypothecate or otherwise encumber any part or all of the amounts payable hereunder, which are expressly declared to be
unassignable and non-transferable. Any such attempted assignment or transfer shall be void. No amount payable hereunder shall, prior to actual payment thereof, be subject to seizure by any creditor of any such Participant, Beneficiary or other
distributee for the payment of any debt, judgment, or other obligation, by a proceeding at law or in equity, nor transferable by operation of law in the event of the bankruptcy, insolvency or death of such Participant, Beneficiary or other
distributee hereunder. 
  

	 	10.3.	Amendment and Termination. 

 The
Board may from time to time, in its discretion, amend, in whole or in part, any or all of the provisions of the Plan; provided, however, that no amendment may be made which would impair the rights of a Participant with respect to amounts already
allocated to his/her Account. The Board may terminate the Plan at any time so long as such termination complies fully with the provisions of Code Section 409A and the underlying final regulations. In the event that the Plan is terminated, the
balance in a Participant’s Account shall be paid to such Participant or his/her Beneficiary in a lump sum or in equal monthly installments as the Committee determines and otherwise in accordance with Code Section 409A and the underlying
final regulations. 
  

	 	10.4.	Unsecured General Creditor Status Of Employee. 

 The payments to Participant, his Beneficiary or any other distributee hereunder shall be made from assets which shall continue, for all purposes, to be a part of the general, unrestricted assets of the Company; no
person shall have nor acquire any interest in any such 

  

 22 

 
assets by virtue of the provisions of this Agreement. The Company’s obligation hereunder shall be an unfunded and unsecured promise to pay money in the
future. To the extent that the Participant, a Beneficiary, or other distributee acquires a right to receive payments from the Company under the provisions hereof, such right shall be no greater than the right of any unsecured general creditor of the
Company; no such person shall have nor require any legal or equitable right, interest or claim in or to any property or assets of the Company. In the event that, in its discretion, the Company purchases an insurance policy or policies insuring the
life of the Participant (or any other property) to allow the Company to recover the cost of providing the benefits, in whole, or in part, hereunder, neither the Participant, his Beneficiary or other distributee shall have nor acquire any rights
whatsoever therein or in the proceeds therefrom. The Company shall be the sole owner and beneficiary of any such policy or policies and, as such, shall possess and may exercise all incidents of ownership therein. No such policy, policies or other
property shall be held in any trust for a Participant, Beneficiary or other distributee or held as collateral security for any obligation of the Company hereunder. 
  

	 	10.5.	Severability. 

 If any provision of
this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining provisions hereof; instead, each provision shall be fully severable and the Plan shall be construed and enforced as if said
illegal or invalid provision had never been included herein. 
  

	 	10.6.	Governing Laws. 

 All provisions of
the Plan shall be construed in accordance with the laws of Illinois except to the extent preempted by federal law. 
  

	 	10.7.	Binding Effect. 

 This Plan shall be
binding on each Participant and his/her heirs and legal representatives and on the Company and its successors and assigns. 
  

	 	10.8.	Entire Agreement. 

 This document
and any amendments contain all the terms and provisions of the Plan and shall constitute the entire Plan, any other alleged terms or provisions being of no effect. 
  

	 	10.9.	No Guarantee of Tax Consequences. 

 While the Company has established, and will maintain the Plan, the Company makes no representation, warranty, commitment, or guaranty concerning the income, employment, or other tax consequences of participation in the Plan under federal,
state, or local law. 
  

 23 

	 	10.10.	Sole Obligor. 

 Each Company shall
be the sole obligor with respect to Plan benefits that are owed to a Participant which arise by virtue of contributions made by such Company or the Participant’s employment by such Company. 
 IN WITNESS WHEREOF, the Company has caused this Plan to be executed on the
23rd day of December, 2008. 
  

			
	LKQ CORPORATION
		
	By:	 	 /s/ Victor M. Casini

	Title:	 	 Senior Vice President

  

 24

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