Document:

Savings Investment Plan of the Company, as amended and restated

 Exhibit 10.22 
 CABOT OIL & GAS CORPORATION 
 SAVINGS INVESTMENT PLAN 
 (As Amended and Restated Effective January 1, 2006) 

 Exhibit 10.22 
 CABOT OIL & GAS CORPORATION 
 SAVINGS INVESTMENT PLAN 
 (As Amended and Restated Effective January 1, 2006) 
 I N D E X 
  

					
	 	  	 	  	Page
	ARTICLE I DEFINITIONS	  	2
	1.1	  	Account	  	2
	1.2	  	Affiliate	  	2
	1.3	  	After-Tax Contribution Account	  	2
	1.4	  	After-Tax Contributions	  	2
	1.5	  	Authorized Leave of Absence	  	2
	1.6	  	Beneficiary	  	2
	1.7	  	Board of Directors	  	2
	1.8	  	Code	  	2
	1.9	  	Committee	  	2
	1.10	  	Company	  	2
	1.11	  	Compensation	  	2
	1.12	  	Contribution	  	3
	1.13	  	ERISA	  	3
	1.14	  	Effective Date	  	3
	1.15	  	Employee	  	3
	1.16	  	Employer	  	3
	1.17	  	Employer Contribution Account	  	4
	1.18	  	Employment Year	  	4
	1.19	  	Entry Date	  	4
	1.20	  	ESOP	  	4
	1.21	  	ESOP Account	  	4
	1.22	  	Forfeiture	  	4
	1.23	  	Hour(s) of Service	  	4
	1.24	  	Income of the Trust Fund	  	5
	1.25	  	Investment Fund(s)	  	5
	1.26	  	Leased Employee	  	5
	1.27	  	Member	  	5
	1.28	  	Plan	  	5
	1.29	  	Plan Quarter	  	5
	1.30	  	Plan Year	  	5
	1.31	  	Pre-Tax Contribution Account	  	5
	1.32	  	Prior Plan	  	6
	1.33	  	Profit Sharing Plan	  	6
	1.34	  	Profit Sharing Plan Account	  	6
	1.35	  	Retirement Date	  	6

  

 (i) 

					
	1.36	  	Rollover Account	  	6
	1.37	  	Rollover Amount	  	6
	1.38	  	Service	  	7
	1.39	  	Total and Permanent Disability	  	7
	1.40	  	Trust	  	7
	1.41	  	Trust Agreement	  	7
	1.42	  	Trust Fund	  	7
	1.43	  	Trustee	  	7
	1.44	  	Valuation Date	  	7
	1.45	  	Vesting Service	  	7
	1.46	  	Year of Service	  	7
		
	ARTICLE II ADMINISTRATION OF THE PLAN	  	8
	2.1	  	Allocation of Responsibility Among Fiduciaries for Plan and Trust Administration	  	8
	2.2	  	Appointment of Committee	  	8
	2.3	  	Records and Reports	  	8
	2.4	  	Other Committee Powers and Duties	  	9
	2.5	  	Rules and Decisions	  	9
	2.6	  	Committee Procedure	  	10
	2.7	  	Authorization of Benefit Payments	  	10
	2.8	  	Payment of Expenses	  	10
	2.9	  	Application and Forms for Benefits	  	10
	2.10	  	Committee Liability	  	10
	2.11	  	Statements	  	11
	2.12	  	Annual Audit	  	11
	2.13	  	Funding Policy	  	11
	2.14	  	Allocation and Delegation of Committee Responsibilities	  	11
	2.15	  	Presenting Claims for Benefits	  	12
	2.16	  	Claims Review Procedure	  	13
		
	ARTICLE III PARTICIPATION AND SERVICE	  	18
	3.1	  	Eligibility for Participation	  	18
	3.2	  	Notification of Eligible Employees	  	18
	3.3	  	Applications by Employees	  	18
	3.4	  	Authorized Absences	  	18
	3.5	  	Break In Service	  	19
	3.6	  	Participation and Vesting Service Upon Re-employment Before a Break In Service	  	19
	3.7	  	Participation and Vesting Service Upon Re-employment After a Break In Service	  	19
	3.8	  	Vesting Service	  	20
	3.9	  	Transferred Members	  	20
	3.10	  	Special Eligibility and Vesting for Certain Employees	  	21
	3.11	  	Automatic Vesting Service	  	21
	3.12	  	Qualified Military Service	  	22

  

 (ii) 

					
	ARTICLE IV CONTRIBUTIONS AND FORFEITURES	  	23
	4.1	  	Savings Contributions	  	23
	4.2	  	Employer Contributions	  	24
	4.3	  	Employer Contributions and Pre-Tax Contributions to be Tax Deductible	  	25
	4.4	  	Suspension of Contributions	  	25
	4.5	  	Delivery to Trustee	  	25
	4.6	  	Application of Funds	  	25
	4.7	  	Rollover Amounts	  	25
	4.8	  	Disposition of Forfeitures	  	26
	4.9	  	Contributions Generally Irrevocable	  	26
		
	ARTICLE V MEMBER ACCOUNTS	  	27
	5.1	  	Individual Accounts	  	27
	5.2	  	Account Adjustments	  	27
	5.3	  	Recognition of Different Investment Funds	  	28
	5.4	  	Valuation of Trust Fund	  	28
		
	ARTICLE VI WITHDRAWALS AND LOANS	  	29
	6.1	  	Withdrawals from Profit Sharing Plan Account	  	29
	6.2	  	Withdrawals of Amounts From After-Tax Contribution Account	  	31
	6.3	  	Withdrawals of Amounts From Pre-Tax Account	  	31
	6.4	  	Withdrawals from Employer Contribution, ESOP and Rollover Accounts	  	31
	6.5	  	Loans to Members	  	31
		
	ARTICLE VII MEMBERS’ BENEFITS	  	34
	7.1	  	Retirement of Members on or after Retirement Date	  	34
	7.2	  	Disability of Members	  	34
	7.3	  	Death of Members	  	34
	7.4	  	Other Termination of Service	  	34
	7.5	  	Valuation Dates Determinative of Member’s Rights	  	35
	7.6	  	Vesting for Certain Employees	  	35
		
	ARTICLE VIII PAYMENT OF BENEFITS	  	36
	8.1	  	Payment of Benefits	  	36
	8.2	  	Distribution Upon Death	  	37
	8.3	  	Required Minimum Distributions	  	38
	8.4	  	Disputed Benefits	  	40
	8.5	  	Member’s Right to Transfer Eligible Rollover Distribution	  	40
		
	ARTICLE IX TRUST AGREEMENT; INVESTMENT FUNDS; INVESTMENT DIRECTIONS	  	42
	9.1	  	Trust Agreement	  	42
	9.2	  	Investment Funds	  	42
	9.3	  	Investment Directions of Members	  	42
	9.4	  	Change of Investment Directions	  	42
	9.5	  	Benefits Paid Solely from Trust Fund	  	43

  

 (iii) 

					
	9.6	  	Committee Directions to Trustee	  	43
	9.7	  	Authority to Designate Investment Manager	  	43
	9.8	  	Liquidation of Cabot MicroElectronics Stock	  	43
		
	ARTICLE X ADOPTION OF PLAN BY OTHER ORGANIZATIONS; SEPARATION OF THE TRUST FUND;
AMENDMENT AND TERMINATION OF THE PLAN; DISCONTINUANCE OF CONTRIBUTIONS TO THE
TRUST
FUND	  	44
	10.1	  	Adoptive Instrument	  	44
	10.2	  	Separation of the Trust Fund	  	44
	10.3	  	Voluntary Separation	  	44
	10.4	  	Amendment of the Plan	  	45
	10.5	  	Acceptance or Rejection of Amendment by Employers	  	45
	10.6	  	Termination of the Plan	  	45
	10.7	  	Liquidation and Distribution of Trust Fund Upon Termination	  	46
	10.8	  	Effect of Termination or Discontinuance of Contributions	  	46
	10.9	  	Merger of Plan with Another Plan	  	46
	10.10	  	Consolidation or Merger with Another Employer	  	47
		
	ARTICLE XI MISCELLANEOUS PROVISIONS	  	48
	11.1	  	Terms of Employment	  	48
	11.2	  	Controlling Law	  	48
	11.3	  	Invalidity of Particular Provisions	  	48
	11.4	  	Non-Alienation of Benefits	  	48
	11.5	  	Payments in Satisfaction of Claims of Members	  	48
	11.6	  	Payments Due Minors and Incompetents	  	49
	11.7	  	Impossibility of Diversion of Trust Fund	  	49
	11.8	  	Evidence Furnished Conclusive	  	49
	11.9	  	Copy Available to Members	  	49
	11.10	  	Unclaimed Benefits	  	49
	11.11	  	Headings for Convenience Only	  	50
	11.12	  	Successors and Assigns	  	50
		
	ARTICLE XII LIMITATION ON BENEFITS	  	51
	I.	  	Single Defined Contribution Plan	  	51
	II.	  	Two or More Defined Contribution Plans	  	52
		
	ARTICLE XIII TOP-HEAVY PLAN REQUIREMENTS	  	56
	13.1	  	General Rule	  	56
	13.2	  	Vesting Provisions	  	56
	13.3	  	Minimum Contribution Percentage	  	56
	13.4	  	Limitation on Compensation	  	57
	13.5	  	Coordination With Other Plans	  	57
	13.6	  	Distributions to Certain Key Employees	  	58
	13.7	  	Determination of Top Heavy Status	  	58

  

 (iv) 

					
	ARTICLE XIV TESTING OF CONTRIBUTIONS	  	63
	14.1	  	Definitions	  	63
	14.2	  	Actual Deferral Percentage Test	  	65
	14.3	  	Excess Contributions	  	66
	14.4	  	Actual Contribution Percentage Test	  	67
	14.5	  	Excess Aggregate Contributions	  	68
	14.6	  	Effective Date	  	69

  

 (v) 

 CABOT OIL & GAS CORPORATION SAVINGS INVESTMENT PLAN 
 (As Amended and Restated Effective January 1, 2006) 
 Recitals 
 Cabot Oil & Gas Corporation, a Delaware corporation (the “Company”),
adopted the Cabot Corporation Profit Sharing and Savings Plan and its related trust for the benefit of its eligible employees and the eligible employees of certain of its subsidiaries who might adopt said Plan, effective October 1, 1976 (the
“1976 Plan”). 
 Effective January 1, 1991, the Board of Directors of the Company authorized the establishment of the Cabot
Oil & Gas Corporation Savings Investment Plan (the “Prior Plan”) to replace the 1976 Plan, and each Company employee’s accounts in the 1976 Plan and the Cabot Corporation Employee Stock Ownership Plan were transferred to the
Prior Plan at such time. The Prior Plan was subsequently amended by the First through Eleventh Amendments thereto. 
 Effective
January 1, 2001, the Board of Directors of the Company authorized the amendment and restatement of the Prior Plan in the form of the Cabot Oil & Gas Corporation Savings Investment Plan (the “Plan”) to incorporate the prior
amendments, to incorporate changes required by certain legislative acts, and to make certain other changes. 
 Effective January 1,
2006, the Board of Directors of the Company authorized the amendment and restatement of the Plan in order to incorporate (i) all prior amendments thereto, including previously adopted good faith compliance amendments to reflect applicable law
changes under the Economic Growth and Tax Relief Reconciliation Act of 2001 and (ii) the final Treasury Regulations under Code Sections 401(k) and 401(m). There shall be no termination and no gap or lapse in time or effect between the Plan as
in effect on December 31, 2005, and this Plan. 
 The Plan and the related Trust, which is intended to form a part of the Plan, are
intended to meet the requirements of Sections 401(a), 401(k) and 501(a) of the Internal Revenue Code of 1986, and the Employee Retirement Income Security Act of 1974, as either may be amended from time to time. 
 The provisions of this Plan shall apply to a Member who terminates Service on or after January 1, 2006. The rights and benefits, if any, of a former
employee shall be determined in accordance with the provisions of the Plan in effect on the date his employment terminated. 
 NOW,
THEREFORE, Cabot Oil & Gas Corporation hereby amends, restates in its entirety, and continues the Cabot Oil & Gas Corporation Savings Investment Plan, effective January 1, 2006, a profit-sharing plan within the meaning of Code
Section 401(a)(27), as follows: 
  

 1 

 ARTICLE I 
 DEFINITIONS 
 As used in this Plan, the following words and phrases shall have the following meanings
unless the context clearly requires a different meaning: 
 1.1 Account: Collectively, the accounts maintained for each Member pursuant
to Section 5.1, and shall include accounts provided for in the Profit Sharing Plan. 
 1.2 Affiliate: A corporation or other
trade or business that is not an Employer under this Plan but which together with the Company is “under common control” within the meaning of Section 414(b) or (c), as modified by Section 415(h) of the Code; any organization
(whether or not incorporated) which, together with the Company, is a member of an “affiliated service group” within the meaning of Section 414(m) of the Code; and any other entity required to be aggregated with the Company pursuant to
regulations under Section 414(o) of the Code. 
 1.3 After-Tax Contribution Account: The separate account maintained for a Member
to record his After-Tax Contributions to the Plan and adjustments relating thereto. 
 1.4 After-Tax Contributions: The amount
contributed by a Member pursuant to Section 4.1B. 
 1.5 Authorized Leave of Absence: Any absence authorized by the Employer or
Affiliate under the Employer’s or Affiliate’s standard personnel practices provided that all persons under similar circumstances must be treated alike in the granting of such Authorized Leaves of Absence and provided further that the
Member returns within the period of authorized absence. 
 1.6 Beneficiary: A Member’s spouse, or such other natural person or
persons, or the trustee of an inter vivos trust for the benefit of natural persons, entitled to benefits hereunder following a Member’s death. 
 1.7 Board of Directors: The Board of Directors of the Company. 
 1.8 Code: The Internal Revenue Code of 1986, as now
in effect or hereafter amended. 
 1.9 Committee: The Administrative Committee appointed by the Company to act as administrator of the
Plan and to perform the duties described in Article II. 
 1.10 Company: Cabot Oil & Gas Corporation, a Delaware
corporation, its predecessors and successors. 
 1.11 Compensation: The total non-deferred remuneration actually paid to a Member by
the Employer for personal services rendered as an Employee, as reported on the Member’s Federal Income Tax Withholding Statement (Form W-2 or its subsequent equivalent) during the applicable Plan Year and any amounts by which a Member’s
normal remuneration is reduced 

  

 2 

 
pursuant to a voluntary salary reduction plan qualified under Section 125 of the Code, a qualified transportation fringe under Section 132(f) of
the Code or a cash-or-deferred plan qualified under Section 401(k) of the Code, including salary, wages, overtime payments, and annual, discretionary and sign-on bonuses, but excluding any amounts contributed by or on behalf of an Employer to
this Plan or any other employee benefit plan sponsored by the Company, non-deductible moving expenses, disability pay (both short-term and long-term), any income arising from the exercise of a stock option or from the receipt of a restricted stock
award, reimbursements, expense allowances, severance pay (whether periodic or in a lump sum), taxable fringe benefits, waiver benefits, deductible payments under Section 105(h) of the Code, taxable group-term life insurance benefits, and
retention and relocation bonuses. The Compensation of a Member as reflected on the books and records of the Employer shall be conclusive. 
 Notwithstanding anything herein to the contrary, in no event shall the Compensation taken into account under the Plan for any Employee exceed $220,000 or such other amount provided under Section 401(a)(17) of the Code, as adjusted for
cost-of-living increases in accordance with Section 401(a)(17)(B) of the Code. The cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding 12 months, over which Compensation is determined (determination
period) beginning in such calendar year. If a determination period consists of fewer than 12 months, the Compensation limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the
denominator of which is 12. If Compensation for any prior determination period is taken into account in determining an Employee’s benefits accruing in the current Plan Year, the Compensation for that prior determination period is subject to the
Compensation limit in effect for that prior determination period. 
 1.12 Contribution: Any amount contributed to the Trust Fund
pursuant to the provisions of this Plan, by an Employer or by a Member out of his Compensation. Contributions by the Employer shall sometimes be referred to as “Employer Contributions” and “Pre-Tax Contributions,” as specified
under Sections 4.1 and 4.2 hereof. 
 1.13 ERISA: Public Law No. 93-406, the Employee Retirement Income Security Act of
1974, as amended from time to time. 
 1.14 Effective Date: January 1, 2006, the effective date of the Plan as amended and
restated herein, unless otherwise specified herein. 
 1.15 Employee: Any person who, on or after the Effective Date, is receiving
remuneration for personal services (or would be receiving such remuneration except for an authorized leave of absence) as an employee of an Employer or who is a Leased Employee. 
 1.16 Employer: The Company, its successors, and any eligible organization which shall adopt this Plan pursuant to the provisions of
Article X, and the successors, if any, to such organization. 
  

 3 

 1.17 Employer Contribution Account: The account maintained for a Member to record his share of the
Contributions of his Employer and adjustments relating thereto. 
 1.18 Employment Year: The twelve consecutive month period
determined from the Employee’s first performance of an Hour of Service and subsequent twelve-month periods beginning on the first anniversary of such Employee’s performance of such Hour of Service; provided, however, that in the case of
any Employee who incurs a Break In Service, upon such Employee’s re-employment his Employment Year shall be deemed to commence on the date he first performs an Hour of Service after such Break In Service. 
 1.19 Entry Date: The first day of each calendar month and any such other date as determined by the Committee, communicated to the Employees and
applied in a uniform and non-discriminatory manner thereafter. 
 1.20 ESOP: The Cabot Corporation Employee Stock Ownership Plan, as
effective December 31, 1990. 
 1.21 ESOP Account: The account maintained for a Member who participated in the ESOP to record his
contributions transferred from the ESOP to this Plan and adjustments relating thereto. Effective October 16, 2000, a Member shall be eligible to transfer the assets held in the Member’s ESOP Account to other Investment Funds provided under
the Plan or to borrow assets from such account as provided under Section 6.5 of the Plan. 
 1.22 Forfeiture: The portion of a
Member’s Employer Contribution Account which is forfeited because of termination of Service before full vesting pursuant to Section 7.4 and which occurs on the earlier of (a) the distribution of the entire vested portion of the
Member’s Account or (b) the last day of the Plan Year in which the Member incurs five (5) consecutive one-year Breaks In Service. 
 1.23 Hour(s) of Service: An Hour of Service is each hour during an applicable computation period for which an Employee is directly or indirectly paid, or entitled to payment, by an Employer or an Affiliate for the performance of
duties or for any period of Authorized Leave of Absence. Moreover, an Hour of Service is each hour, not in excess of forty hours per week, during any period of unpaid Authorized Leave of Absence with an Employer or an Affiliate. Such Hours of
Service shall be credited to the Employee for the computation period in which such duties were performed or in which such Authorized Leave of Absence occurred. An Hour of Service also includes each hour, not credited above, for which back pay,
irrespective of mitigation of damages, has been either awarded or agreed to by an Employer or an Affiliate. These Hours of Service shall be credited to the Employee for the computation period to which the award or agreement pertains rather than the
computation period in which the award, agreement or payment is made. In determining an Employee’s total Hours of Service during a computation period, a fraction of an hour shall be deemed a full Hour of Service. 
 Instead of counting and crediting actual hours worked, for purposes of determining the number of Hours of Service to be credited to an Employee, an
Employee may be credited with 190 Hours of Service for each calendar month during which he has earned one 

  

 4 

 
Hour of Service. For purposes of determining the number of Hours of Service to be credited for reasons other than the performance of duties and for purposes
of determining to which computation period Hours of Service earned under any provision of this Plan are to be credited, the provisions of Department of Labor Regulation Section 2520.200(b)-2(b) and (c) are hereby incorporated by reference
as if fully set forth herein. 
 Hours of Service will be credited for employment with other members of an affiliated service group (under
Code Section 414(m)), a controlled group of corporations (under Code Section 414(b)), or a group of trades or businesses under common control (under Code Section 414(c)), of which the Company is a member. However, Hours of Service
shall not be credited for employment with such an affiliated service group, a controlled group, or a group of trades or businesses prior to its becoming a member of or after its cessation of membership in the Company’s affiliated service group,
controlled group, or group of trades or businesses. Hours of Service will be credited for any individual considered an employee under Code Section 414(n). 
 1.24 Income of the Trust Fund: The net gain or loss of the Trust Fund from investments, as reflected by interest payments, dividends, realized and unrealized gains and losses on securities and other investment
transactions and expenses paid from the Trust Fund. 
 1.25 Investment Fund(s): Any of the investment funds comprising the Trust Fund,
as described in Section 9.2. 
 1.26 Leased Employee: Each person who is not an employee of an Employer but who performs services
for an Employer pursuant to a leasing agreement (oral or written) between an Employer and any leasing organization, provided that such person has performed such services for an Employer or for related persons (within the meaning of Code
Section 144(a)(3)) on a substantially full-time basis for a period of at least one year and such services are performed under primary direction or control by an Employer. Notwithstanding the preceding sentence, the term “Leased
Employee” shall not include any individual who is deemed to be an employee of an Employer under Code Section 414(n)(5). 
 1.27
Member: An Employee who, pursuant to the provisions of Article III, has met the eligibility requirements for participation in this Plan and is participating in the Plan. 
 1.28 Plan: The Cabot Oil & Gas Corporation Savings Investment Plan, as amended and restated effective January 1, 2006, set forth
herein, and as hereafter amended from time to time. 
 1.29 Plan Quarter: Each calendar quarter of the Plan Year. 
 1.30 Plan Year: The fiscal year of the Plan beginning on January 1 of each calendar year and ending on December 31. 
 1.31 Pre-Tax Contribution Account: The account maintained for a Member to record his Pre-Tax Contributions and adjustments relating thereto.

  

 5 

 1.32 Prior Plan: The Cabot Oil & Gas Corporation Savings Investment Plan, as amended and
restated effective January 1, 2001, as thereafter amended and in effect on December 31, 2005. 
 1.33 Profit Sharing Plan:
The Cabot Corporation Profit Sharing and Savings Plan as in effect on December 31, 1990. 
 1.34 Profit Sharing Plan Account: The
account maintained for a Member who participated in the Profit Sharing Plan prior to January 1, 1991 to record his contributions from the Prior Plan and adjustments relating thereto. 
 1.35 Retirement Date: The sixty-fifth (65th) birthday of a Member or, if earlier, the date on which a Member who is a participant in the
Cabot Oil & Gas Pension Plan satisfies the age and service requirements for Early Retirement under said pension plan. 
 1.36
Rollover Account: The account maintained for a Member to record his Rollover Amount and adjustments relating thereto. 
 1.37
Rollover Amount: For purposes of the Plan, one or more distributions (i) within one (1) taxable year of the employee on account of a termination of the plan of which the trust is a part, or in the case of a profit-sharing or stock
bonus plan, a complete discontinuance of contributions under such plan or (ii) which constitute a lump-sum distribution within the meaning of subsection 402(e)(4)(A) of the Code (determined without reference to subparagraphs (B) and
(H) of subsection 402(e)(4)). “Rollover Amount” may also include a transfer of assets from another qualified plan described in Code Section 401(a) which are attributable to the Member’s interests in such other plan if
(i) such other plan does not permit distributions to be made in the form of life annuities, (ii) such other plan is a defined contribution plan which is not subject to the minimum funding standards of Code Section 412 and which
satisfies all the conditions for exclusion from the requirements of Code Section 401(a)(11) set forth in Treasury Regulations Section 1.401(a)-20, Q&A 3(a), or (iii) such other plan provides for distributions in the form of life
annuities but the transfer meets all the requirements of Treasury Regulations Section 1.411(d)-4, Q&A 3(b), as conclusively determined by the Committee, in order that this Plan, upon acceptance of such transfer, shall not thereafter be
required to provide for distributions in the form of life annuities. 
 Effective January 1, 2002, “Rollover Amount” may also
include a transfer of assets made on or after January 1, 2002, from the following types of plans: (i) a qualified plan described in 403(a) of the Code, including employee after-tax contributions; (ii) a qualified plan described in
Section 403(b) of the Code, including employee after-tax contributions; and (iii) an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of
a state or political subdivision of a state. The Plan will also accept a transfer of assets made on or after January 1, 2002, from the portion of a distribution from an individual retirement account or annuity described in Section 408(a)
or 408(b) of the Code that is eligible to be rolled over and would otherwise be includible in gross income. Notwithstanding the forgoing, no transfer of assets will be accepted if, upon acceptance of such transfer, the Plan would thereafter be
required to provide for distributions in the form of life annuities. 
  

 6 

 1.38 Service: A Member’s period of employment or deemed employment with Employers or
Affiliates determined in accordance with Section 1.21 and Article III. 
 1.39 Total and Permanent Disability: A Member
shall be considered totally and permanently disabled if (a) (i) for a Member who is also a participant in the Cabot Oil & Gas Long Term Disability Plan (“Cabot LTD Plan”) at time of his/her claim of Disability, he/she is
so determined by the Cabot LTD Plan, or (ii) for a Member who is not a participant in the Cabot LTD Plan, he/she is determined by the Committee, upon the advice of competent physicians of the Committee’s selection, on the basis of evidence
satisfactory to the Committee, that such Member is permanently incapable of performing a meaningful job for physical or mental reasons and such disability has lasted for at least six (6) months and (b) such Member is eligible for and
receiving disability benefits under the Federal Social Security Act with respect to such condition. Upon the determination of a Member’s Total and Permanent Disability, the Committee shall notify such Member within sixty (60) days
thereafter. 
 1.40 Trust: The Trust created by and under the Trust Agreement. 
 1.41 Trust Agreement: The Trust Agreement provided for in Article IX, as amended from time to time. 
 1.42 Trust Fund: The Investment Funds held by the Trustee under the Trust Agreement, together with all income, profits or increments thereon.

 1.43 Trustee: The trustee under the Trust Agreement. 
 1.44 Valuation Date: Any date on which the New York Stock Exchange is open for trading and any other date on which the value of the assets of the Trust Fund is determined by the Trustee pursuant to
Section 5.4. The last business day of December of each Plan Year shall be the “Annual Valuation Date.” 
 1.45 Vesting
Service: The period of a Member’s employment considered in the determination of his eligibility for benefits under the Plan. A year of Vesting Service shall be granted for each Plan Year during which an Employee completes at least 1,000
Hours of Service. 
 1.46 Year of Service: An Employment Year during which the Employee performs at least 1,000 Hours of Service.

 Words used in this Plan and in the Trust Agreement in the singular shall include the plural and in the plural the singular, and the gender
of words used shall be construed to include whichever may be appropriate under any particular circumstances. 
  

 7 

 ARTICLE II 
 ADMINISTRATION OF THE PLAN 
 2.1 Allocation of Responsibility Among Fiduciaries for Plan and Trust
Administration: The Employers, the Board of Directors of the Company, the Committee, as designated pursuant to the terms of the Plan, the Trustee and any other person designated a Fiduciary with respect to the Plan or the Trust Agreement
(hereinafter collectively the “Fiduciaries”) shall have only those specific powers, duties, responsibilities and obligations as are specifically given them under this Plan and/or the Trust Agreement. In general, the Employers shall have
the sole responsibility for making the contributions provided for under Sections 4.1A and 4.2. The Company shall have the sole authority to appoint and remove the Trustee and the members of the Committee, respectively, and to amend or
terminate, in whole or in part, this Plan. The Committee shall have the sole responsibility for the administration of this Plan and the sole authority to appoint and remove any Investment Manager which may be provided for under the Trust Agreement.
The Trustee shall have the sole responsibility for the administration of the Trust Fund and shall have exclusive authority and discretion to manage and control the Trust Fund, except to the extent that the authority to manage, acquire and dispose of
the assets of the Trust Fund is delegated to an Investment Manager, all as specifically provided in the Trust Agreement. Each Fiduciary warrants that any directions given, information furnished, or action taken by it shall be in accordance with the
provisions of the Plan or the Trust Agreement, as the case may be, authorizing or providing for such direction, information or action. Furthermore, each Fiduciary may rely upon any such direction, information or action of another Fiduciary as being
proper under this Plan or the Trust Agreement, and is not required under this Plan or the Trust Agreement to inquire into the propriety of any such direction, information or action. It is intended under this Plan and the Trust Agreement that each
Fiduciary shall be responsible for the proper exercise of its own powers, duties, responsibilities and obligations under this Plan and the Trust Agreement and shall not be responsible for any act or failure to act of another Fiduciary. No Fiduciary
guarantees the Trust Fund in any manner against investment loss or depreciation in asset value. 
 2.2 Appointment of Committee: The
Plan shall be administered by an Administrative Committee consisting of at least three (3) persons who shall be appointed by and serve at the pleasure of the Board of Directors of the Company. All usual and reasonable expenses of the Committee
may be paid in whole or in part by the Company, and any expenses not paid by the Company shall be paid by the Trustee out of the Trust Fund. The members of the Committee shall not receive compensation with respect to their services for the
Committee. The Company shall pay the premiums on any bond secured for the performance of the duties of the Committee members described hereunder and shall be entitled to reimbursement by other Employers for their proportionate shares thereof.

 2.3 Records and Reports: The Committee shall exercise such authority and responsibility as it deems appropriate in order to comply
with ERISA and any governmental regulations issued thereunder relating to records of Members’ Service, Account balances and the percentage of such Account balances which are non-forfeitable under the Plan, and notifications to Members. The
Committee shall file or cause to be filed with the appropriate offices of the Internal Revenue Service and the Department of Labor all reports, returns, notices and other 

  

 8 

 
information required of plan administrators under ERISA, including, but not limited to, the summary plan description, annual reports and amendments thereto.
The Committee shall make available to Members and their Beneficiaries for examination, during business hours, such records of the Plan as pertain to the examining person and such documents relating to the Plan as are required by ERISA. 

2.4 Other Committee Powers and Duties: The Committee shall have such powers as may be necessary to discharge its duties hereunder, including,
but not by way of limitation, the following powers and duties: 
 (a) To construe and interpret the Plan, reconcile any
inconsistency or supply any omitted detail consistent with the general terms of the Plan, decide all questions of eligibility and determine the amount, manner and time of payment of any benefits hereunder; 
 (b) To prescribe procedures to be followed by Members or Beneficiaries filing applications for benefits; 
 (c) To receive from the Employers and from Employees such information as shall be necessary for the proper administration of the Plan;

 (d) To prepare and distribute, in such manner as the Committee determines to be appropriate, information explaining the
Plan; 
 (e) To furnish the Employers, upon request, such annual reports with respect to the administration of the Plan as are
reasonable and appropriate; 
 (f) To give written directions to the Trustee, on behalf of Members, as to the investment and
reinvestment of the Trust Fund; 
 (g) To receive and review reports of the financial condition, and of the receipts and
disbursements, of the Trust Fund from the Trustee and any Investment Manager, and to transmit such reports, along with its findings and recommendations surrounding the investment performance of the Trust Fund, to the Board of Directors; and

 (h) To appoint or employ individuals to assist in the administration of the Plan and any other agents it deems advisable,
including legal and actuarial counsel. 
 2.5 Rules and Decisions: The Committee may adopt such rules for the administration of the
Plan as it deems necessary, desirable or appropriate. All rules and decisions of the Committee shall be uniformly and consistently applied to all Employees in similar circumstances. The judgment of the Committee and each member thereof on any
question arising hereunder shall be binding, final and conclusive on all parties concerned. When making a determination or calculation, the Committee shall be entitled to rely upon information furnished by a Member or Beneficiary, an Employer, the
legal counsel of an Employer or the Trustee. 
  

 9 

 2.6 Committee Procedure: The Committee may act at a meeting or in writing without a meeting. The
Committee shall elect one (1) of its members as chairman, appoint a secretary, who may or may not be a member of the Committee, and shall advise the Trustee of such actions in writing. The secretary of the Committee shall keep a record of all
meetings and forward all necessary communications to the Employers or the Trustee. The Committee may adopt such bylaws and regulations as it deems desirable for the conduct of its affairs. All decisions of the Committee shall be made by the vote of
the majority including actions in writing taken without a meeting. A dissenting Committee member who, within a reasonable time after he has knowledge of any action or failure to act by the majority, registers his dissent in writing delivered to the
other Committee members, the Employer and the Trustee shall not be responsible for any such action or failure to act. The Committee shall designate one of its members as agent of the Plan and of the Committee for service of legal process at the
principal office of the Committee at 1200 Enclave Parkway, Houston, Texas 77077. 
 2.7 Authorization of Benefit Payments: The
Committee shall issue directions to the Trustee concerning all benefits which are to be paid from the Trust Fund pursuant to the provisions of the Plan, and warrants that all such directions are in accordance with this Plan. The Committee shall keep
on file, in such manner as it may deem convenient or proper, all reports from the Trustee. 
 2.8 Payment of Expenses: All reasonable
and necessary expenses incident to the administration, termination or protection of the Plan and Trust, including, but not limited to, legal, accounting, Investment Manager and Trustee fees, shall be paid from the Trust Fund to the extent permitted
by ERISA. 
 2.9 Application and Forms for Benefits: The Committee may require an Employee or Member to complete and file with the
Committee an application for a benefit and all other forms approved by the Committee, and to furnish all pertinent information requested by the Committee. The Committee may rely on such information so furnished it, including the Employee’s or
Member’s current mailing address. 
 2.10 Committee Liability: Except to the extent that such liability is created by ERISA, no
member of the Committee shall be liable for any act or omission of any other member of the Committee, nor for any act or omission on his own part except for his own gross negligence or willful misconduct, nor for the exercise of any power or
discretion in the performance of any duty assumed by him hereunder. The Company shall indemnify and hold harmless each member of the Committee from any and all claims, losses, damages, expenses (including counsel fees approved by the Committee), and
liabilities (including any amounts paid in settlement with the Committee’s approval but excluding any excise tax assessed against any member or members of the Committee pursuant to the provisions of Section 4975 of the Code) arising from
any act or omission of such member in connection with duties and responsibilities under the Plan, except when the same is judicially determined to be due to the gross negligence or willful misconduct of such member. 
  

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 2.11 Statements: No less frequently than annually, the Committee (or its delegate) shall prepare
and deliver to each Member a statement reflecting as of the Valuation Date provided in such statement: 
 (a) Such information
applicable to contributions by and for each such Member and the increase or decrease thereof as a consequence of valuation adjustments as may be pertinent in the premises; and 
 (b) The balance in his Account as of that Valuation Date. 
 2.12 Annual Audit: If required by ERISA, the Committee shall engage, on behalf of all Members, an independent Certified Public Accountant who shall conduct an annual examination of any financial statements of
this Plan and Trust and of other books and records of this Plan and Trust as the Certified Public Accountant may deem necessary to enable him to form and provide a written opinion as to whether the financial statements and related schedules required
to be filed with the Department of Labor or furnished to each Member are presented fairly and in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding Plan Year. If, however, the statements
required to be submitted as part of the reports to the Department of Labor are prepared by a bank or similar institution or insurance carrier regulated and supervised and subject to periodic examination by a state or federal agency and if such
statements are certified by the preparer as accurate and if such statements are, in fact, made a part of the annual report to the Department of Labor and no such audit is required by ERISA, then the audit required by the foregoing provisions of this
Section shall be optional with the Committee. 
 2.13 Funding Policy: The Committee shall, at a meeting duly called for such purpose,
establish a funding policy and method consistent with the objectives of the Plan and the requirements of Title I of ERISA. The Committee shall meet at least annually to review such funding policy and method. In establishing and reviewing such
funding policy and method, the Committee shall endeavor to determine the Plan’s short-term and long-term objectives and financial needs, taking into account the need for liquidity to pay benefits and the need for investment growth. All actions
of the Committee taken pursuant to this Section and the reasons therefor shall be recorded in the minutes of meetings of the Committee and shall be communicated to the Trustee, any Investment Manager who may be managing a portion or all of the Trust
Fund in accordance with the provisions of the Trust Agreement, and to the Board of Directors. 
 2.14 Allocation and Delegation of
Committee Responsibilities: Upon the approval of a majority of the members of the Committee, the Committee may (i) allocate among any of the members of the Committee any of the responsibilities of the Committee under the Plan and Trust
Agreement and/or (ii) designate any person, firm or corporation that is not a member of the Committee to carry out any of the responsibilities of the Committee under the Plan and/or Trust Agreement. Any such allocation or designation shall be
made pursuant to a written instrument executed by a majority of the members of the Committee. 
  

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 2.15 Presenting Claims for Benefits: A “Claims Administrator” shall be appointed by the
Committee or, absent such appointment, shall be the Company’s director of benefits, with such Claims Administrator authorized by the Committee to conduct the initial review and render a decision as provided in this Section for all claims for
benefits under the Plan. The Committee shall establish administrative processes and safeguards to ensure that benefit determinations made pursuant to this Section 2.15 are made in accordance with the Plan and have been made and applied
consistently to similarly situated claimants. Any Member, Beneficiary of any deceased Member, or the authorized representative of such claimant (collectively, the “Applicant”) may submit written application to the Claims Administrator for
the payment of any benefit asserted to be due him under the Plan. Such application shall set forth the nature of the claim and such other information as the Claims Administrator may reasonably request. Promptly upon the receipt of any application
required by this Section, the Claims Administrator shall determine whether or not the Member or Beneficiary involved is entitled to a benefit hereunder and, if so, the amount thereof and shall notify the Applicant of its findings. 
 (a) Non-Disability Claims. Except as provided in Section 2.15(b) below, if a claim is wholly or partially denied, the Claims
Administrator shall so notify the Applicant within ninety (90) days after receipt of the application by the Claims Administrator, unless special circumstances require an extension of time for processing the application. If such an extension of
time for processing is required, written notice of the extension shall be furnished to the Applicant prior to the end of the initial ninety (90) day period. In no event shall such extension exceed a period of ninety (90) days from the end
of such initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Claims Administrator expects to render its final decision. Notice of the Claims Administrator’s
decision to deny a claim in whole or in part shall be set forth in a manner calculated to be understood by the Applicant and shall contain the following: 
 (i) the specific reason or reasons for the denial, 
 (ii) specific reference to the pertinent
Plan provisions on which the denial is based, 
 (iii) a description of any additional material or information necessary for
the Applicant to perfect the claim and an explanation of why such material or information is necessary, 
 (iv) an explanation
of the claims review procedure, including applicable time limits, as set forth in Section 2.16 hereof, and 
 (v) a
statement of the claimant’s right to bring a civil suit under Section 502(a) of ERISA following a denial on subsequent review. 
 (b) Disability Claims. If a claim for benefits based upon a Member’s disability is wholly or partially denied, the Claims Administrator shall so notify 

  

 12 

 
the Applicant within forty-five (45) days after receipt of the application by the Claims Administrator, unless special circumstances require an
extension of time for processing the application. If such an extension of time for processing is required, the time for processing may be extended for up to 30 days, if the Claims Administrator determines that the extension is necessary due to
matters beyond the control of the Claims Administrator or the Plan and notifies the Applicant, before the expiration of the initial 45-day period, of the circumstances requiring the extension of time and the date by which the claim decision is
expected to be made. If, before the end of this 30-day extension period, the Claims Administrator determines that, due to matters beyond the control of the Claims Administrator or the Plan, a decision cannot be rendered within that initial 30-day
extension period, an additional 30-day extension may apply if the Applicant is given a notice satisfying the requirements set forth above for the first 30-day extension. Any notice of extension must specifically explain the standards on which
entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional information needed to resolve those issues. The Applicant will be given at least 45 days in which to provide the specified information.
In the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the determination must be made will be tolled from the date on which the notification of the extension
is sent to the Applicant until the date the Applicant responds to the request for additional information. 
 Notice of the
Claims Administrator’s decision to deny a claim in whole or in part shall be set forth in a manner calculated to be understood by the Applicant and must contain the information described in clauses (i) through (v) of
Section 2.15(a). Additionally, the notice of denial must include: 
 (i) If any internal rule or guideline was relied on
in denying the claim, either the specific rule or guideline, or a statement that such a rule or guideline was relied on in denying the claim and that a copy of that rule or guideline will be provided to the Applicant free of charge on request; and

 (ii) If the claim denial is based on an exclusion or limit related to medical necessity or experimental treatment, either
an explanation of the scientific or clinical judgment for the determination as applied to the involved claimant’s circumstances, or a statement that such an explanation will be provided to the Applicant free of charge upon request. 

2.16 Claims Review Procedure: Upon the Claims Administrator’s denial, in whole or in part of a benefit applied for under
Section 2.15, an Applicant shall have the right by written to appeal such denial as set forth in this Section 2.16. Benefits under the Plan will only be paid if the Committee decides in its discretion that the claimant involved is entitled
to them. The Committee shall establish administrative processes and safeguards to ensure that benefit determinations made pursuant to this Section 2.16 are made in accordance with the Plan and 

  

 13 

 
have been made and applied consistently to similarly situated claimants. Except as may be otherwise required by law, the decision of the Committee on review
of the claim denial shall be binding on all parties when the Applicant has exhausted the claims procedure under this Section 2.16. 
 (a) Non-Disability Claims – General Rules. If an application filed by the Applicant under Section 2.15(a) above shall result in a denial by the Claims Administrator of the benefit applied for, either
in whole or in part, such Applicant shall have the right, to be exercised by written request filed with the Committee within sixty (60) days after receipt of notice of the denial of the application for a review of the application and of the
entitlement to the benefit for which the Applicant applied. Such request for review may contain such additional information and comments as the Applicant may wish to present. 
 The Committee shall reconsider the application in light of such additional information and comments as the Applicant may have presented,
and if the Applicant shall have so requested, shall afford the Applicant or his designated representative a hearing before the Committee. Upon request, the Committee shall provide, free of charge, the Applicant or his designated representative with
copies of all “relevant documents” (within the meaning of Department of Labor regulation Section 2560.503-1(m)(8)) (“Relevant Documents”) in its possession, including copies of the Plan document and information provided by
the Company relating to the Applicant’s entitlement to such benefit. 
 The Committee shall render a decision and notify
the Applicant of the Committee’s determination on review no later than 60 days after receipt of the Applicant’s request for review, unless the Committee determines that special circumstances (such as the need to hold a hearing) require an
extension of time for processing the claim. If the Committee determines an extension of time for processing is required, written notice of the extension shall be furnished to the Applicant prior to the termination of the initial 60 day period. In no
event, shall such extension exceed a period of 60 days from the end of the initial period. The extension notice shall indicate the special circumstance requiring an extension of time and the date by which the Committee expects to render the
determination on review. In the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the determination must be made will be tolled from the date on which the
notification of the extension is sent to the Applicant until the date the Applicant responds to the request for additional information. 
 Notice of the Committee’s final decision shall be furnished to the Applicant in writing, in a manner calculated to be understood by him, and if the Applicant’s claim on review is denied in whole or in part,
the notice shall set forth: 
 (i) the specific reason or reasons for the denial; and 
  

 14 

 (ii) specific reference(s) to the pertinent plan provision(s) on which the denial is
based; and 
 (iii) the Applicant’s right to receive upon request, free of charge, reasonable access to, and copies of,
all Relevant Documents, records and other information to his claim; and 
 (iv) the claimant’s right to bring a civil
action under Section 502(a) of ERISA. 
 (b) Non-Disability Claims – Special Rules. Notwithstanding any other
provision of Section 2.16(a), in the event that the Committee holds regularly scheduled meetings at least quarterly, the provisions of this Section 2.16(b) will apply and control, to the extent that this Section 2.16(b) is
inconsistent with the provisions of Section 2.16(a). Specifically, in the event that the Committee holds regularly scheduled meetings at least quarterly, the Committee shall render a determination on review of a non-disability claim no later
than the date of the Committee meeting next following receipt of the request for review, except that (i) a decision may be rendered no later than the second following Committee meeting if the request is received within 30 days of the first
meeting and (ii) under special circumstances which require an extension of time for rendering a decision (including but not limited to the need to hold a hearing), the decision may be rendered not later than the date of the third Committee
meeting following the receipt of the request for review. If such an extension of time for review is required because of special circumstances, written notice of the extension shall be furnished to the Applicant prior to the commencement of the
extension. In the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the determination must be made will be tolled from the date on which the notification of the
extension is sent to the Applicant until the date the Applicant responds to the request for additional information. 
 Additionally, no later than five (5) days after the Committee has reached a final determination on review under this Section 2.16(b), notice of the Committee’s final decision shall be furnished to the Applicant in writing, in
the manner descried in Section 2.16(a). 
 (c) Disability Claims. If an application filed by an Applicant under
Section 2.15(b) above shall result in a denial by the Claims Administrator of the disability based benefit applied for, either in whole or in part, such Applicant shall have the right, to be exercised by written request filed with the Committee
within one-hundred and eighty (180) days after receipt of notice of the denial of the application, for a review of the application and of the entitlement to the benefit for which the Applicant applied. Such request for review may contain such
additional information and comments as the Applicant may wish to present. 
  

 15 

 The Committee shall reconsider the application in light of such additional information
and comments as the Applicant may have presented, and if the Applicant shall have so requested, shall afford the Applicant or his designated representative a hearing before the Committee. Upon request, the Committee shall provide, free of charge,
the Applicant or his designated representative with copies of all Relevant Documents in its possession, including copies of the Plan document and information provided by the Company relating to the involved claimant’s entitlement to such
benefit. Additionally, the following requirements shall be imposed upon the Committee in reconsidering an Applicant’s request: 
 (i) The Committee’s review will not give deference to the original claim denial, and the review will not be made by the person who made the original claim denial, or a subordinate of that person; 
 (ii) In deciding an appeal of any claim denial that is based in any way on a medical judgment, the Committee will consult with a health
care professional who has appropriate training and experience in the field of medicine involved in the medical judgment; 
 (iii) The health care professional consulted by the Committee will not be an individual who was consulted in connection with the original claim denial or a subordinate of any such individual; and 
 (iv) The Applicant will be provided the identification of medical or vocational experts whose advice was obtained on behalf of the Plan in
connection with the claim denial, even if the advice was not relied upon in making the claim denial. 
 The Committee shall
render a decision and notify the Applicant of the Committee’s determination on review within a reasonable period of time, but not later than 45 days after receipt of the Applicant’s request for review, unless the Committee determines that
special circumstances (such as the need to hold a hearing) require an extension of time for processing the claim. If the Committee determines an extension of time for processing is required, written notice of the extension shall be furnished to the
Applicant prior to the termination of the initial 45 day period. In no event, shall such extension exceed a period of 45 days from the end of the initial period. The extension notice shall indicate the special circumstance requiring an extension of
time and the date by which the Committee expects to render the determination on review. In the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the
determination must be made will be tolled from the date on which the notification of the extension is sent to the Applicant until the date the Applicant responds to the request for additional information. 
 Notice of the Committee’s final decision shall be furnished to the Applicant in writing, in a manner calculated to be understood by
him, and if the 

  

 16 

 
Applicant’s claim on review is denied in whole or in part, the notice shall contain the information described in clauses (i) through (iv) of
Section 2.16(a). Additionally, the notice of denial shall include: 
 (i) If any internal rule or guideline was relied on
in denying the claim on appeal, either the specific rule or guideline, or a statement that such a rule or guideline was relied on in denying the claim and that a copy of that rule or guideline will be provided to the Applicant free of charge on
request; and 
 (ii) If the claim denial on appeal is based on an exclusion or limit like medical necessity or experimental
treatment, either an explanation of the scientific or clinical judgment for the determination as applied to the involved claimant’s circumstances, or a statement that such an explanation will be provided to the Applicant free of charge upon
request. 
  

 17 

 ARTICLE III 
 PARTICIPATION AND SERVICE 
 3.1 Eligibility for Participation: An Employee participating under
the Prior Plan immediately preceding January 1, 2006 shall continue to participate in accordance with the provisions of this Plan. Each other Employee shall be eligible to commence participation in this Plan on the Entry Date coincident with or
next following his commencement of Service, provided he is otherwise eligible hereunder. An Employee who does not participate in the Plan when he first becomes eligible may commence participation on any Entry Date thereafter, provided he is
otherwise eligible hereunder. 
 Notwithstanding anything to the contrary in this Plan, the following Employees shall not be eligible to
participate in the Plan: (i) Leased Employees, (ii) employees covered by a collective bargaining agreement between employee representatives and the Employer, if there is evidence that retirement benefits were the subject of good faith
bargaining between such employee representatives and the Employer and such collective bargaining agreement does not expressly provide for coverage of such employees hereunder, (iii) persons who are non-resident aliens and who receive no earned
income (within the meaning of Code Section 911) from the Employer which constitutes income from sources within the United States (within the meaning of Code Section 861), and (iv) persons who are utility employees (as herein defined).
For purposes of this Plan, a utility employee is an employee who is hired in a utility position. A utility position is (i) a position which is expected by the respective Employer or Affiliate to be of limited duration or (ii) for a
particular project upon the conclusion of which the employee is expected by the respective Employer or Affiliate to be terminated. 
 3.2
Notification of Eligible Employees: The Committee, which shall be the sole judge of the eligibility of an Employee to participate under the Plan, shall notify each Employee of his initial eligibility to participate in the Plan. 
 3.3 Applications by Employees: Each Employee who shall become eligible to become a Member under the Plan, and who shall desire to become a Member,
shall execute and file with the Committee an application to become a Member in such form and manner as may be prescribed by the Committee. In each such application, the applicant shall (i) designate the amount of his Contributions to the Plan,
(ii) agree to be bound by the terms and conditions of the Plan, (iii) designate a Beneficiary in accordance with Section 8.2, (iv) authorize payroll deductions for his Contributions, and (v) direct the investment of his
Contributions among the Investment Funds in accordance with Sections 9.3 and 9.4. 
 3.4 Authorized Absences: An Employee’s
or Member’s period of Service shall include the following Authorized Leaves of Absence: 
 (a) Absence due to accident or
sickness so long as the person is continued on the employment rolls of the Employer or Affiliate and remains eligible to return to work upon his recovery; 
  

 18 

 (b) Absence due to membership in the service of the Armed Forces of the United States
(but if such absence is not pursuant to orders issued by the Armed Forces of the United States, only if with the consent of the Employer or Affiliate) but only if, and then only to the extent that, applicable federal law requires such military
service to be counted as Service hereunder and only if the person has complied with all prerequisites of such federal law; and 
 (c) Absence due to an authorized leave of absence granted by the Employer or Affiliate for any other purpose approved by the Board of Directors in accordance with established practices of the Employer or Affiliate, consistently applied in a
non-discriminatory manner in order that all employees under similar circumstances shall be treated alike, provided that each such person shall, immediately upon the expiration of such leave, apply for reinstatement in the employment of the Employer
or Affiliate. 
 3.5 Break In Service: For purposes of the Plan, a “Break In Service” shall mean a Plan Year within which a
Member completes less than 501 Hours of Service. Solely for purposes of determining whether a Member has a Break In Service for eligibility or vesting purposes an individual who is absent from work for maternity or paternity reasons shall receive
credit for the Hours of Service which would have otherwise been credited to such an individual but for such absence, or in any case in which such hours cannot be determined, eight hours of service per day of such absence. For purposes of this
paragraph, an absence from work for maternity or paternity reasons means an absence (a) by reason of the pregnancy of the individual, (b) by reason of the birth of a child of the individual, (c) by reason of the placement of a child
with the individual in connection with the adoption of such child by such individual, or (d) for purposes of caring for such child for a period beginning immediately following such birth or placement. The Hours of Service credited under this
paragraph shall be credited (i) in the computation period in which the absence begins if the crediting is necessary to prevent a Break In Service in that period or (ii) in all other cases, in the following computation period. No more than
501 Hours of Service shall be credited for any single such absence. 
 3.6 Participation and Vesting Service Upon Re-employment Before a
Break In Service: Upon the re-employment before a Break In Service of any person who had previously been employed by an Employer or Affiliate on or after the Effective Date, the following rules shall apply. If the re-employed person was not a
Member during his prior period of Service, he shall be eligible to commence participation in the Plan on the first Entry Date after his re-employment upon meeting the requirements of Section 3.1. If the re-employed person was a Member in the
Plan during his prior period of Service, he shall be entitled to recommence participation as of the date of his re-employment if eligible under Section 3.1. All years of Vesting Service attributable to a re-employed person’s prior period
of Service shall be reinstated as of the date of his re-employment for purposes of Section 7.4. 
 3.7 Participation and Vesting
Service Upon Re-employment After a Break In Service: Upon the re-employment after a Break In Service of any person who had previously been employed by an Employer or Affiliate on or after the Effective Date, the following rules shall apply in
determining his eligibility for participation and his Vesting Service: 
 (a) Participation: If an Employee (whether or
not previously a Member) is rehired after cancellation of pre-break Service as determined in accordance with subparagraph (b) below, he must meet the requirements of Section 3.1 for participation in the Plan as if he were a new Employee.
If an Employee is rehired prior to cancellation of his pre-break Service as determined in accordance with subparagraph (b) below, he shall be eligible to commence or recommence participation as of the date of his re-employment, if he previously
was a Member and he meets the requirements under Section 3.1, or on the first Entry Date after his re-employment as of which he has completed the requirements of Section 3.1. 
  

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 (b) Vesting Service: If the re-employed person was a Member whose prior Service
terminated without entitlement to a distribution from his Employer Contribution Account under Article VII, any Vesting Service attributable to his prior period of employment shall be reinstated as of the date of his recommencement of
participation only if the number of consecutive one-year Breaks In Service is less than the greater of five (5) or the aggregate number of his years of pre-break Vesting Service. If the re-employed person was a Member whose prior Service
terminated with entitlement to a distribution from his Employer Contribution Account under Article VII, all years of Vesting Service attributable to his prior period of employment shall be reinstated upon his recommencing participation in the
Plan. 
 3.8 Vesting Service: An Employee shall be credited with one and only one year of Vesting Service for each Plan Year in which
such Employee completes at least 1,000 Hours of Service for an Employer or Affiliate. An Employee will not be credited with a year of Vesting Service with respect to a Plan Year if the Employee completes less than 1,000 Hours of Service for the
Employer or an Affiliate during such Plan Year. An Employee’s service with Cabot Corporation prior to the Effective Date shall count as Vesting Service under this Plan to the extent and in the same manner as computed under the Profit Sharing
Plan. 
 3.9 Transferred Members: If a Member is transferred to an Affiliate, or to an employment classification with an Employer
which is not covered by this Plan, his participation shall be suspended until he is subsequently re-employed by an Employer in an employment classification covered by the Plan; provided, however, that during such suspension period (i) such
Member shall be credited with Service in accordance with Section 3.4, (ii) he shall not be entitled or required to make Savings Contributions under Section 4.1, (iii) his Employer Contribution Account shall receive no Employer
Contribution except to the extent provided in Section 4.2, and (iv) his Account shall continue to share proportionately in Income of the Trust Fund as provided in Section 5.2. If an individual is transferred from an employment
classification with an Employer that is not covered by the Plan to an employment classification that is so covered, or from an Affiliate to an employment classification with an Employer that is so covered, his period of Service prior to the date of
transfer shall be considered for purposes of determining his eligibility to become a Member under Section 3.1 and for purposes of vesting under Section 7.4. 
  

 20 

 3.10 Special Eligibility and Vesting for Certain Employees: 
 (a) Doran Employees. Effective March 1, 1989, all Employees who became Employees of an Employer as a result of the acquisition
of certain assets of Doran & Associates, Inc. (“Doran”) shall become Members of the Plan subject to the eligibility requirements under Section 3.1. Any period of employment with Doran or an affiliate of Doran shall be
considered for purposes of determining such Employees’ Service under the Plan to the extent such employment otherwise qualified under the relevant provisions of the Plan. 
 (b) Emax Employees. Effective October 1, 1993, all Employees who became Employees of an Employer as a result of the
acquisition of certain assets of Emax Oil Company (“Emax”), shall become Members of the Plan subject to the eligibility requirements under Section 3.1. Any period of employment with Emax or an affiliate of Emax shall be considered for
purposes of determining such Employees’ Service under the Plan to the extent such employment otherwise qualifies under the relevant provisions of the Plan. 
 (c) WERCO Employees. Effective May 3, 1994, all Employees who became Employees of an Employer as a result of the merger with
Washington Energy Resources Company (“WERCO”), shall become Active Members of the Plan subject to the eligibility requirements under Section 3.1. Any period of employment with WERCO or an affiliate of WERCO shall be considered for
purposes of determining such Employees’ Service under the Plan to the extent such employment otherwise qualifies under the relevant provisions of the Plan. 
 (d) Oryx Employees. Effective December 30, 1998, all Employees who became Employees of an Employer as a result of the
acquisition of certain properties of Oryx Energy Company (“Oryx”), shall become Active Members of the Plan subject to the eligibility requirements under Section 3.1. Any period of employment with Oryx or an affiliate of Oryx shall be
considered for purposes of determining such Employees’ Service under the Plan to the extent such employment otherwise qualifies under the relevant provisions of the Plan. 
 (e) Cody Employees. Effective August 17, 2001, all Employees who became Employees of an Employer as a result of the
acquisition of certain properties of Cody Energy LLC (“Cody”), shall become Active Members of the Plan subject to the eligibility requirements under Section 3.1. Any period of employment with Cody or an affiliate of Cody shall be
considered for purposes of determining such Employees’ Service under the Plan to the extent such employment otherwise qualifies under the relevant provisions of the Plan. 
 3.11 Automatic Vesting Service: All Employees who become employed by the Company as a result of an acquisition of or merger with an employer not
affiliated with the Company (“Acquired Company”) shall be credited with service with the Acquired Company immediately prior to the acquisition for purposes of eligibility and vesting hereunder. 
  

 21 

 3.12 Qualified Military Service: Notwithstanding any provisions of this Plan to the contrary,
contributions, benefits and service credit with respect to qualified military service will be provided in accordance with Section 414(u) of the Code. 
  

 22 

 ARTICLE IV 
 CONTRIBUTIONS AND FORFEITURES 
 4.1 Savings Contributions: Each Member may designate up to
fifty percent (50%) of his Compensation as Pre-Tax and/or After-Tax Contributions as described herein. 
 A. Pre-Tax
Contributions: Each Member who elects to make Pre-Tax Contributions for a Plan Year shall initially elect to defer a portion of his Compensation in whole percentages of not less than one percent (1%) and not more than fifty percent
(50%) (to the nearest whole dollar) of his Compensation; provided, however, that Pre-Tax Contributions and After-Tax Contributions under this Section 4.1 shall not total, in the aggregate, more than fifty percent (50%) (to the nearest
whole dollar) of the Member’s Compensation. Such deferred percentage shall be applied against a Member’s Compensation as such Compensation becomes payable. Each such election shall continue in effect during subsequent Plan Years unless the
Member notifies the Committee, in writing and in such form and manner prescribed by the Committee, of his election to change or discontinue his Pre-Tax Contribution. A Member may change the percentage of his Compensation designated by him as his
Pre-Tax Contribution, but not retroactively and not more frequently than four (4) times each Plan Year. A Member’s Pre-Tax Contributions shall not exceed a maximum of $15,000 as adjusted by the Secretary of the Treasury to account for
cost-of-living increases. In the event a Member’s Pre-Tax Contributions exceed the applicable $15,000 limit, or in the event the Member submits a written claim to the Committee, at the time and in the manner prescribed by the Committee,
specifying an amount of Pre-Tax Contributions that will exceed the applicable limit of Section 402(g) of the Code when added to amounts deferred by the Member in other plans or arrangements, such excess (the “Excess Deferrals”), plus
any income and minus any loss attributable thereto, shall be returned to the Member by April 15 of the following year. Such income shall include the allocable gain or loss for (i) the Plan Year in which the Excess Deferral occurred and
(ii) the period from the end of that Plan Year to the date of distribution. The amount of any Excess Deferrals to be distributed to a Member for a taxable year shall be reduced by excess Pre-Tax Contributions previously distributed pursuant to
Article XIV for the Plan Year beginning in such taxable year. The income or loss attributable to the Member’s Excess Deferral for the Plan Year shall be determined by multiplying the income or loss attributable to the Member’s Pre-Tax
Contribution Account balance for the Plan Year (or relevant portion thereof) by a fraction, the numerator of which is the Excess Deferral and the denominator of which is the Member’s total Pre-Tax Contribution Account balance as of the
Valuation Date next preceding the date of return of the Excess Deferral. Unless the Committee elects otherwise, the income or loss attributable to the Member’s Excess Deferral for the period between the end of the Plan Year and the date of
distribution shall be determined using the safe-harbor method set forth in Treasury Regulations to Section 402(g) of the Code, and shall be equal to ten percent (10%) of the allocable income or loss for the Plan Year, calculated as set
forth immediately above, multiplied by the number of calendar months that have elapsed since the end of the Plan Year. For these purposes, distribution of an Excess Deferral on or before the fifteenth (15th) day of a calendar month shall be
treated as having been made on the last day of the preceding month, and a distribution made thereafter shall be treated as having been made on the first day of the next month. Any Excess Deferrals which have not been returned to the Member by
April 15 of the following year shall be 

  

 23 

 
treated as Annual Additions under Article XII of the Plan. Each Member’s Pre-Tax Contribution shall be contributed to the Trust Fund by the Employer. A
Member shall always be fully vested in and have a non-forfeitable right to his Pre-Tax Contributions. A Member’s Pre Tax Contributions per Plan Year under this Plan and all other plans, contracts or arrangements of the Employer shall not exceed
a maximum dollar limitation provided under Section 402(g) of the Code, as adjusted by the Secretary of the Treasury or his delegate for cost-of-living increases pursuant to Section 402(g) of the Code, except to the extent permitted under
Section 4.1(C) of the Plan with respect to Catch-Up Contributions, as defined therein. 
 B. After-Tax Contributions: Any Member
regardless of whether he has elected to defer any whole percentage of his Compensation in the form of a Pre-Tax Contribution to the Plan may elect to make an After-Tax Contribution of up to fifteen percent (15%) (to the nearest whole dollar) of
his Compensation; provided, however, that Pre-Tax Contributions and After-Tax Contributions under this Section 4.1 shall not total, in the aggregate, more than fifty percent (50%) (to the nearest whole dollar) of the Member’s
Compensation. Such a deferred percentage shall be applied against a Member’s Compensation as such Compensation becomes payable. Any After-Tax Contribution election shall be made pursuant to the provisions of Section 3.3, and shall continue
in effect during subsequent Plan Years unless the Member notifies the Committee, in writing and in such form and manner prescribed by the Committee, of his election to change or discontinue his After-Tax Contribution. A Member may change the
percentage of his Compensation designated by him as his After-Tax Contribution; provided, however, that he may not change his Pre-Tax and After-Tax Contribution elections in the aggregate more than four (4) times each Plan Year and that such
changes shall not be retroactive. A Member shall always be fully vested in and have a non-forfeitable right to his After-Tax Contributions. 
 C. Catch-Up Contributions: Each Member who elects to make Pre-Tax Contributions under Section 4.1(A) of this Plan and who has attained or will attain age 50 before the close of the Plan Year may elect to make “catch-up
contributions” in accordance with, and subject to the limitations of, of Section 414(v) of the Code (“Catch-Up Contributions”), in the form and manner prescribed by the Committee. Such Catch-Up Contributions shall not be taken
into account for purposes of the provisions of the Plan implementing the required limitations of Sections 402(g) and 415 of the Code. Additionally, such Catch-Up Contributions shall not participate in, or be considered in determining, the amount of
Employer Contributions under Section 4.2 of the Plan. The Plan shall not be treated as failing to satisfy the provisions of the Plan implementing the requirements of Sections 401(k)(3), 401(k)(11), 401(k)(12), 410(b), or 416 of the Code, as
applicable, by reason of the making of such Catch-Up Contributions. 
 4.2 Employer Contributions: Each Employer shall make an
Employer Contribution to the Trust Fund for a Plan Year on behalf of its Members in an amount equal to one hundred percent (100%) of such Member’s Basic Savings Contributions for the Plan Year. “Basic Savings Contributions” means
each Member’s first six percent (6%) of Pre-Tax Contributions. An Employer Contribution shall be deemed to be made on account of a Plan Year if (i) the Employer claims such amount as a deduction on its federal income tax return for
such Plan Year or (ii) the Employer designates such amount in writing to the Trustee as payment on account of such Plan Year. All Employer Contributions shall be paid to the Trustee, and payment shall be made not 

  

 24 

 
later than the time prescribed by law for filing the federal income tax return of the Employer, including any extension which has been granted for the filing
of such tax return. The Trustee shall hold all such Employer Contributions subject to the provisions of this Plan and Trust, and no part of such Contributions shall be used for, or diverted to, any other purpose. The foregoing not withstanding, with
respect to a Member who defers his Compensation at a rate of 6% or more and who, prior to the end of the Plan Year, ceases his contributions because of the limits imposed by Code Section 402(g), Employer Contributions to his Employer
Contribution Account shall be made each pay period for such Plan Year in such an amount that the aggregate of such contributions for such Plan Year is equal to the amount provided by the Employer pursuant to this Section. 
 In the case of the reinstatement of any amounts forfeited pursuant to the unclaimed benefit provisions of Section 11.10, the Employer shall also
contribute, within a reasonable time after a claim is filed under Section 11.10, an amount sufficient to reinstate such amount. All such “Employer Minimum Contributions” shall be transmitted to the Trustee as soon as practicable after
such contributions are made. 
 4.3 Employer Contributions and Pre-Tax Contributions to be Tax Deductible: Employer Contributions and
Pre-Tax Contributions shall not be made in excess of the amount deductible under applicable federal law now or hereafter in effect limiting the allowable deduction for contributions to profit-sharing plans. The Employer Contributions and Pre-Tax
Contributions to this Plan, when taken together with all other contributions made by the Employer to other qualified retirement plans, shall not exceed the maximum amount deductible under Section 404 of the Code. 
 4.4 Suspension of Contributions: Any Member may, by written direction to his Employer, suspend his Pre-Tax Contributions and/or After-Tax
Contributions at any time by giving notice in the form and manner prescribed by the Committee. In the case of any suspension of Pre-Tax Contributions and/or After-Tax Contributions, the Employer Contributions will automatically cease. Pre-Tax
Contributions and/or After-Tax Contributions which are not made during a period of suspension shall not be made up retroactively. 
 4.5
Delivery to Trustee: Each Employer shall, not less frequently than monthly, pay the Contributions to the Trustee. 
 4.6
Application of Funds: The Trustee shall hold or apply the Contributions so received by it subject to the provisions of the Plan; and no part thereof (except as otherwise provided in the Trust Agreement) shall be used for any purpose other
than the exclusive use of the Members or their Beneficiaries. 
 4.7 Rollover Amounts: Any Member may file with the Committee a
written request that the Trustee accept a Rollover Amount from such Member. The Committee, in its sole and absolute discretion, shall determine whether such Member shall be permitted to contribute a Rollover Amount to the Trust Fund. The Committee
shall develop such procedures and may require such information from the Employee or Member desiring to make such a transfer as it deems necessary or desirable to determine that the proposed transfer will meet the requirements 

  

 25 

 
of this Section. Upon approval by the Committee, the amount transferred shall be deposited in the Trust Fund and shall be credited to a separate Rollover
Account. Such account shall at all times be one hundred percent (100%) vested in the Employee or Member and shall share in the Income of the Trust Fund in accordance with Section 5.2. Upon termination of employment, the total amount of the
Rollover Account shall be distributed in accordance with Article VIII. 
 Upon such a transfer by an Employee who is otherwise eligible
to participate in the Plan but who has not yet completed the participation requirements of Section 3.1, his Rollover Account shall represent his sole interest in the Plan until he becomes a Member. In all respects, the Rollover Account shall be
treated as a regular account under this Plan and shall be subject to the investment directions of the Member and the change thereof as otherwise permitted herein. 
 4.8 Disposition of Forfeitures: If a Member terminates Service without being entitled to receive a distribution from his Employer Contribution Account, he shall be deemed to have received a distribution from
that Account as of the date of his termination of Service. Upon termination of Service, a Member’s Forfeiture (as defined in Section 1.21), if any, shall first be credited to the Employer Contribution Account of a re-employed Member for
whom a reinstatement of prior Forfeitures is required pursuant to Section 7.4 hereof, and second shall be applied toward the Account of a former Member pursuant to the unclaimed benefit provisions of Section 11.10 hereof. To the extent
that Forfeitures for any Plan Year exceed the amounts required to reinstate the Accounts noted above, they will be applied against the next succeeding Employer Contribution. 
 4.9 Contributions Generally Irrevocable: All Employer contributions to the Trust Fund shall be irrevocable and shall be used to pay benefits or to
pay expenses of the Plan and Trust Fund; provided, however, that upon the Employer’s request, a contribution which was made by a mistake of fact or conditioned upon initial qualification of the Plan and Trust Fund under Sections 401(a) and
501(a) of the Code, or upon the deductibility of the contribution under Section 404 of the Code, shall be returned to the Employer within one (1) year after the payment of the contribution, the denial of initial qualification or the
disallowance of the deduction (to the extent disallowed), whichever is applicable. 
  

 26 

 ARTICLE V 
 MEMBER ACCOUNTS 
 5.1 Individual Accounts: The Committee shall create and maintain adequate
records to disclose the interest in the Trust Fund and in its component Investment Funds of each Member, former Member and Beneficiary. Such records shall be in the form of individual accounts and credits and charges shall be made to such accounts
in the manner herein described. A Member may have separate accounts, which include but are not limited to, an Employer Contribution Account, a Pre-Tax Contribution Account, an After-Tax Contribution Account, a Profit Sharing Plan Account, an ESOP
Account and a Rollover Account. Any Member who transfers from one Employer to another Employer, or who is simultaneously employed by two or more Employers, may have individual accounts with each such Employer. The maintenance of individual Accounts
is only for accounting purposes, and a segregation of the assets of the Trust Fund to each Account shall not be required. Distribution and withdrawals made from an Account shall be charged to the Account as of the date paid. 
 5.2 Account Adjustments: The Accounts of Members, former Members and Beneficiaries shall be adjusted each Plan Year in accordance with the
following: 
 (a) Income of the Trust Fund: Each Valuation Date, the Trustee shall value the Trust Fund at its then
market value to determine the amount of Income of the Trust Fund. The Income of the Trust Fund since the preceding Valuation Date (including the appreciation or depreciation in value of the assets of the Investment Fund) shall be allocated to the
Accounts of Members in proportion to the balances in such Accounts on the preceding Valuation Date, but after first reducing each such Account balance by any distribution from such Account since the preceding Valuation Date and increasing such
Account balance by any Contributions and loan payments since the preceding Valuation Date. 
 (b) Savings
Contributions: Pre-Tax Contributions and After-Tax Contributions received in the Trust Fund, pursuant to Section 4.1, shall be allocated and credited as soon as practicable after the close of each applicable payroll period to the respective
Pre-Tax Contribution Accounts and After-Tax Contribution Accounts of the Members, with such Contributions invested in accordance with the Members’ instructions pursuant to Section 9.3 in the Investment Funds as elected for his Pre-Tax and
After-Tax Contributions. 
 (c) Employer Contributions: No less frequently than the Annual Valuation Date and more
frequently as may be specified by the Committee, the Employer Contribution for such Plan Year shall be allocated among its Members during such Plan Year or partial Plan Year in the ratio that each Member’s unwithdrawn Basic Savings
Contributions for the Plan Year or partial Plan Year bears to the total unwithdrawn Basic Savings Contributions of all such Members for the Plan Year or partial Plan Year. 
  

 27 

 (d) Forfeitures: Forfeitures which have become available for reallocation during
such Plan Year shall be applied pursuant to Section 4.8. 
 (e) Employer Minimum Contributions: Employer Minimum
Contributions shall be used solely to reinstate Accounts in accordance with Section 7.4 and to restore Accounts pursuant to Section 11.10 whenever the Forfeitures available for such reinstatement or restoration are insufficient.

 5.3 Recognition of Different Investment Funds: As provided in Article IX, Investment Funds shall be established and each Member
shall direct, within the limitations set forth in Sections 9.3 and 9.4, what portion of the balance in his Accounts on a pro rata basis, if any, shall be deposited in each Investment Fund. Consequently, when appropriate, a Member shall have an
Employer Contribution Account, Pre-Tax Contribution Account, After-Tax Contribution Account, Profit Sharing Plan Account and Rollover Account in each such Investment Fund and the allocations described in Section 5.2 shall be adjusted in such
manner as is appropriate to recognize the existence of the Investment Funds. Because Members have a choice of Investment Funds, any reference in this Plan to an Employer Contribution Account, Pre-Tax Contribution Account, After-Tax Contribution
Account, Profit Sharing Plan Account or Rollover Account shall be deemed to mean and include all accounts of a like nature which are maintained for the Member under each Investment Fund. 
 5.4 Valuation of Trust Fund: A valuation of the Trust Fund shall be made as of each Valuation Date. For the purposes of each valuation, the assets
of each Investment Fund shall be valued at the respective current market values, and the amount of any obligations for which the Investment Fund may be liable, as shown on the books of the Trustee, shall be deducted from the total value of the
assets. For the purposes of maintenance of books of account in respect of properties comprising the Trust Fund, and of making any such valuation, the Trustee shall account for the transactions of the Trust Fund on a modified cash basis. The current
market value shall, for the purposes hereof, be determined as follows: 
 (a) Where the properties are securities which are
listed on a securities exchange, or which are actively traded over the counter, the value shall be the last recorded bid and asked prices, whichever shall be the later. In the event transactions regarding such property are recorded over more than
one such exchange, the Trustee may select the exchange to be used for purposes hereof. Recorded information regarding any such securities published in The Wall Street Journal or any other publication deemed appropriate may be relied upon by
the Trustee. If no transactions involving any such securities have been recorded within ten (10) days prior to the particular Valuation Date, such securities shall be valued as provided in paragraph (b) below. 
 (b) Where paragraph (a) hereof shall be inapplicable in the valuation of any properties, the Trustee shall obtain from at least two
(2) qualified persons an opinion as to the value of such properties as of the close of business on the particular Valuation Date. The average of such estimates shall be used. 
  

 28 

 ARTICLE VI 
 WITHDRAWALS AND LOANS 
 6.1 Withdrawals from Profit Sharing Plan Account: Each Member with a
Profit Sharing Plan Account shall be entitled to withdraw such amounts that were transferred to this Plan. The following withdrawals are permitted only from a Member’s Profit Sharing Plan Account: 
 A. Voluntary Withdrawals: Each Member of the Plan, upon giving written notice to the Committee (in such form and in such manner as prescribed by
the Committee) shall be entitled to withdraw from his Profit Sharing Plan Account (valued as of the Valuation Date preceding the actual date of the withdrawal) any amount, not to exceed the balance of such Account, as of such date. Voluntary
withdrawals shall be limited to two such withdrawals per year and further limited to only one such withdrawal in any given three-month period. Voluntary withdrawals shall be deducted from a Member’s Profit Sharing Plan Account in the following
order: 
 1. Profit Sharing Plan after-tax contributions made before January 1, 1987. 
 2. Profit Sharing Plan after-tax contributions including investment earnings made after December 31, 1986. 
 3. Profit Sharing Plan investment earnings on after-tax contributions made before January 1, 1987. 
 4. Profit Sharing Plan vested employer contributions including investment earnings. 
 Notwithstanding any of the foregoing, the vested portion of employer contributions may only be withdrawn from the Profit Sharing Plan Account 24 months after such
amounts were contributed to the Profit Sharing Plan. 
 B. Hardship Withdrawals: The following hardship withdrawals shall be allowed:

 1. A Member may make a hardship withdrawal from his Profit Sharing Plan Account if the Member has already made two
voluntary withdrawals or if three (3) months have not elapsed since the previous voluntary withdrawal. 
 2. A Member may
at any time file with the Committee an appropriate written request for a hardship withdrawal of an amount from the pre-tax contribution account in his Profit Sharing Plan Account. Notwithstanding the foregoing, a Member may not withdraw any Income
of the Trust Fund allocated to his pre-tax contribution account in his Profit Sharing Plan Account on or after January 1, 1989. The approval or disapproval of such request shall be made within the sole discretion of the Committee except that
the Committee shall not 

  

 29 

 
approve any such request for a withdrawal unless it has been presented a certification by the Member that he is facing a hardship creating an immediate and
substantial financial need and that the resources necessary to satisfy that financial need are not reasonably available from other sources of the Member. A Member must first withdraw any available amount credited to the after-tax account and the
vested portion of his employer contribution account in his Profit Sharing Plan Account in order to be permitted to make a hardship withdrawal from the pre-tax contribution account in his Profit Sharing Plan Account, and must also have taken all
distributions and loans otherwise available under this Plan and all employee plans maintained by the Member’s Employer. The amount of the hardship withdrawal shall be limited to that amount which the Committee determines to be required to meet
the immediate financial need created by the hardship. The hardship withdrawal shall be made in cash as soon as practicable after the Member submits the hardship request and the dollar amount withdrawn shall be determined by reference to the value of
the pre-tax contribution account in his Profit Sharing Plan Account as of the Valuation Date immediately preceding the date of withdrawal. A Member who receives such a hardship withdrawal shall be prohibited from making Pre-Tax Contributions under
the Plan or pre-tax contributions under any other cash or deferred arrangement for the six (6) consecutive months following the date of distribution and in addition, the dollar limitation on the Pre-Tax Contributions described in
Section 4.1 shall be reduced in the year following the hardship withdrawal by the amount of Pre-Tax Contributions made by the Member in the Plan Year during which the withdrawal was made. The following standards (or such other standards as may
be acceptable under Treasury Regulations issued pursuant to Section 401(k) of the Code) shall be applied on a uniform and non-discriminatory basis in determining the existence of such a hardship: 
 (a) A financial need shall be considered immediate if it must be satisfied in substantial part within a period of twelve (12) months
from the date on which the Member certifies his eligibility for a hardship withdrawal. A financial need shall be considered substantial if it exceeds ten percent (10%) of the Member’s annual Compensation. 
 (b) Subject to the provisions of Section 6.1(a) above, a distribution will be deemed by the Committee to be on account of an
immediate and substantial financial need if it results from: 
 (i) medical expenses incurred by the Member, or the
Member’s spouse or dependents (as defined in Section 152 of the Code), 
 (ii) purchase (excluding mortgage
payments) of a principal residence for the Member, 
  

 30 

 (iii) payment for tuition for the next semester or quarter of post-secondary education
for the Member or the Member’s spouse, children or dependents, or 
 (iv) the need to prevent the eviction of the Member
from his principal residence or foreclosure on the mortgage of the Member’s principal residence. 
 6.2 Withdrawals of Amounts From After-Tax Contribution Account: Each Member of the Plan, upon giving written notice to the Committee (in such form and in such manner as prescribed by the Committee), may elect to withdraw from his
After-Tax Contribution Account those contributions which are made on or after January 1, 1991. The minimum amount of such withdrawal shall be $500. If a withdrawal is made to a Member before he attains age 59  1/2, the Member shall be advised by the Committee that in addition to taxes payable on investment earnings, an income
tax may be imposed equal to ten percent (10%) of the amount so received which is included in his gross income for such taxable year. 
 6.3 Withdrawals of Amounts From Pre-Tax Account: A Member may not withdraw any amount from his Pre-Tax
Account, except a Member who has attained age 59  1/2 may elect, by giving sixty (60) days’
written notice to the Committee (or within any other period of time as prescribed by the Committee) and by following such other rules and procedures as may be prescribed from time to time by the Committee on a uniform and non-discriminatory basis,
to withdraw the entire amount or any portion of his Pre-Tax Contribution Account. 
 6.4 Withdrawals from Employer Contribution,
ESOP and Rollover Accounts: A Member may not withdraw any amount from his Employer Contribution, ESOP or Rollover Accounts. 
 6.5
Loans to Members: Except as provided below, the availability of loans are limited to Members who are Employees (hereinafter “Borrowers”), who may make application to the Committee to borrow from the Accounts maintained by or for the
Borrower in the Trust Fund. Additionally, in order for the exemption set forth in 29 C.F.R. 2550.408b-1 to apply to the Plan, a Borrower may also include, but only to the extent not resulting in discrimination prohibited by Section 401(a)(4) of
the Code, any other Member or Beneficiary who is a “party in interest” with respect to the Plan within the meaning of ERISA Section 3(14). It is within the sole discretion of the Committee whether or not to permit such a loan. Loans
shall be granted in a uniform and non-discriminatory manner on terms and conditions determined by the Committee which shall not result in more favorable treatment of highly compensated employees and shall be set forth in written procedures
promulgated by the Committee in accordance with applicable governmental regulations. All such loans shall also be subject to the following terms and conditions: 
 (a) The amount of the loan, when added to the amount of any outstanding loan or loans to the Borrower from any other plan of the Employer
or an Affiliate which is qualified under Section 401(a) of the Code, shall not exceed the lesser of (i) $50,000, reduced by the excess, if any, of the highest outstanding balance of loans from all such plans during the one-year period
ending on the day before the date on which such loan was made over the outstanding balance of 

  

 31 

 
loans from the Plan on the date on which such loan was made or (ii) fifty percent (50%) of the present value of the Borrower’s vested Account
balance under the Plan. In no event shall a loan of less than $1,000 be made to a Borrower. A Borrower may not have more than one (1) loan outstanding at a time under this Plan, and a Borrower will be limited to a maximum of one (1) loan
per year from this Plan. 
 (b) The loan shall be for a term not to exceed five (5) years, and shall be evidenced by a
note signed by the Borrower. The loan shall be payable in periodic installments and shall bear interest at a reasonable rate which shall be determined by the Committee on a uniform and consistent basis and set forth in the procedures in accordance
with applicable governmental regulations. Payments by a Borrower who is an Employee will be made by means of payroll deduction from the Borrower’s compensation. If a Borrower is not receiving compensation from the Employer, the loan repayment
shall be made in accordance with the terms and procedures established by the Committee. A Borrower may repay an outstanding loan in full at any time. 
 (c) In the event an installment payment is not paid within seven (7) days following the monthly due date, the Committee shall give written notice to the Borrower sent to his last known address. If such
installment payment is not made within thirty (30) days thereafter, the Committee shall proceed with foreclosure in order to collect the full remaining loan balance or shall make such other arrangements with the Borrower as the Committee deems
appropriate. Foreclosure need not be effected until occurrence of a distributable event under the terms of the Plan and no rights against the Borrower or the security shall be deemed waived by the Plan as a result of such delay. 
 (d) The unpaid balance of the loan, together with interest thereon, shall become due and payable upon the date of distribution of the
Account and the Trustee shall first satisfy the indebtedness from the amount payable to the Borrower or to the Borrower’s Beneficiary before making any payments to the Borrower or to the Borrower’s Beneficiary. 
 (e) Any loan to a Borrower under the Plan shall be adequately secured. Such security may include a pledge of a portion of the
Borrower’s right, title and interest in the Trust Fund which shall not exceed fifty percent (50%) of the present value of the Borrower’s vested Account balance under the Plan as determined immediately after the loan is extended. Such
pledge shall be evidenced by the execution of a promissory note by the Borrower which shall grant the security interest and provide that, in the event of any default by the Borrower on a loan repayment, the Committee shall be authorized to take any
and all appropriate lawful actions necessary to enforce collection of the unpaid loan. 
 (f) A request by a Borrower for a
loan shall be made in writing to the Committee and shall specify the amount of the loan. If a Borrower’s request for a 

  

 32 

 
loan is approved by the Committee, the Committee shall furnish the Trustee with written instructions directing the Trustee to make the loan in a lump-sum
payment of cash to the Borrower. The cash for such payment shall be obtained by redeeming proportionately as of the date of payment the Investment Fund or Investment Funds, or portions thereof, that are credited to the particular Account of such
Borrower. 
 (g) A loan to a Borrower shall be considered an investment of the separate Account(s) of the Borrower from which
the loan is made. All loan repayments shall be credited pro rata to such separate Account(s) and reinvested exclusively in shares of one or more of the Investment Funds in accordance with the Borrower’s most recent investment direction made in
accordance with Section 9.3. 
  

 33 

 ARTICLE VII 
 MEMBERS’ BENEFITS 
 7.1 Retirement of Members on or after Retirement Date: Any Member who
terminates his Service on or after his Retirement Date shall have a fully vested and non-forfeitable right to receive the entire amount of his Account. The “entire amount” in such Member’s Account shall include any Savings
Contributions, Rollover Amounts, amounts in the Profit Sharing Plan Account, ESOP Account and Employer Contributions to be made as of the Valuation Date preceding or coincident with his termination of Service. Payment of benefits due under this
Section shall be made in accordance with Section 8.1. Notwithstanding any provision of this Plan to the contrary, a Member’s right to the amounts credited to his Accounts hereunder shall become fully vested and non-forfeitable in the event
of his attainment of age sixty-five (65) prior to termination of Service. 
 7.2 Disability of Members: If the Committee shall
find and advise the Trustee that Service of a Member has been terminated because of Total and Permanent Disability, which in the judgment of the Committee, based upon advice of competent physicians of their selection, will prevent such Member from
resuming his Service with an Employer, such Member shall become entitled to receive the entire amount of his Account. The “entire amount” in such Member’s Account shall include any Savings Contributions, Rollover Amounts, amounts in
the Profit Sharing Plan Account, ESOP Account and Employer Contributions to be made as of the Valuation Date preceding or coincident with his termination of Service. Payment of benefits due under this Section shall be made in accordance with
Section 8.1. 
 7.3 Death of Members: In the event of the termination of Service of any Member by death, and after receipt by the
Committee of acceptable proof of death, his Beneficiary shall be entitled to receive the entire amount in the deceased Member’s Account. The “entire amount” in such Member’s Account shall include any Savings Contributions,
Rollover Amounts, amounts in the Profit Sharing Plan Account, ESOP Account and Employer Contributions to be made as of the Valuation Date preceding or coincident with his termination of Service. Payment of benefits due under this Section shall be
made in accordance with Section 8.2. 
 7.4 Other Termination of Service: In the event of termination of Service of any Member
for any reason other than retirement on or after his Retirement Date, disability or death, a Member shall, subject to the further provisions of this Plan, be entitled to receive the entire amount credited to his Pre-Tax Contribution Account,
After-Tax Contribution Account, amounts in the Profit Sharing Plan Account, ESOP Account, Rollover Account, plus any of his Savings Contributions made as of the Valuation Date preceding or coincident with his termination of Service, plus an amount
equal to the vested percentage of his Employer Contribution Account, determined in accordance with the following schedule: 
  

			
	 Years of Vesting Service
	  	Vested Percentage
	 Less than 1 year
	  	0%
	 1 year but less than 2
	  	20%
	 2 years but less than 3
	  	40%
	 3 years but less than 4
	  	60%
	 4 years but less than 5
	  	80%
	 5 or more years
	  	100%

  

 34 

 Any portion of the Employer Contribution Account of a terminated Member in excess of the vested percentage specified
above shall be a Forfeiture, which shall be disposed of as provided in Section 4.8. Payment of benefits due under this Section shall be made in accordance with Section 8.1. 
 In addition, any amounts forfeited from the prior Employer Contribution Account of such Member upon his earlier termination of Service shall be
reinstated to his new Employer Contribution Account. Upon the re-employment of any individual who had previously been a Member and who has incurred five consecutive Breaks In Service, such re-employed individual shall not be entitled to a
reinstatement of any Forfeiture incurred by reason of his prior termination of employment. 
 If a distribution is made at a time when a
Member is not fully vested in his Employer Contribution Account balance, and if the Member is re-employed prior to a Forfeiture of the balance of his Employer Contribution Account, the Member’s non-forfeitable portion of the balance of the
undistributed Employer Contribution Account shall be reinstated to his new Employer Account (as provided in Section 4.8) within a reasonable time after repayment by the Member of the amount of his previous distribution, if any. 
 Notwithstanding anything herein to the contrary, if a Member (i) terminates Service prior to having completed five years of Vesting Service;
(ii) meets the eligibility requirements for a severance plan approved by the Chief Executive Officer of the Company and the Committee and listed on Appendix A attached hereto; and (iii) if required by the applicable severance plan, signs a
waiver and release, such Member shall be entitled to receive the entire amount credited to such Member’s Employer Contribution Account. Effective January 1, 2002, subject to the other provisions of this Section 7.4 and this Plan, a
termination of Service for purposes of this Section 7.4 shall include a Member’s “severance from employment” under Section 401(k)(2)(B)(i)(I) of the Code, occurring on or after January 1, 2002. 
 7.5 Valuation Dates Determinative of Member’s Rights: The amount to which a Member is entitled upon his retirement, disability, death or
other termination of Service shall be the value of his Account as of the Valuation Date upon which his distribution is based. 
 7.6
Vesting for Certain Employees: Each Member who is eligible to participate in the 1992 Cabot Oil & Gas Corporation Severance Benefit Plan No. 506 and whose Service was terminated involuntarily between January 9, 1992 and
January 21, 1992 shall be fully vested in and have a non-forfeitable right to his entire Account balance in the Plan as of the date of the termination of his Service with the Company. 
  

 35 

 ARTICLE VIII 
 PAYMENT OF BENEFITS 
 8.1 Payment of Benefits: Upon a Member’s entitlement to payment of
benefits under Section 7.1, 7.2 or 7.4, he shall file with the Committee his written election on such forms or forms, and subject to such conditions, as the Committee shall provide. Such benefit shall consist of the entire amount in such
Member’s Account as of the date of his termination of Service, plus any Employer Contribution allocated to such Member’s Account after the Member’s termination of Service. The Committee shall direct the Trustee to distribute the
Member’s benefits according to the Member’s election. 
 The day following the date of the
Member’s termination of Service is the earliest date that payment of his benefits may commence and is herein referred to as such Member’s “Distribution Date.” Payment of a Member’s benefits shall be made or commence as soon
as practicable after his Distribution Date, subject to the Member’s election to defer receipt thereof, but in any event must be made or commence prior to the expiration of 60 days after the end of the Plan Year within which such
Member’s Retirement Date occurs or the date of his death, if earlier. A Member who withholds consent to an immediate distribution may at any time, subsequently elect, in the form and manner prescribed by the Committee, to receive payment of
benefits. If a benefit distribution under the Plan is made to a Member before he attains age 59  1/2, the
Member shall be advised by the Committee that an additional income tax may be imposed equal to ten percent (10%) of the portion of the amount so received which is included in his gross income for such taxable year and which is attributable to
benefits accrued while he was a Member. Members who terminate Service after attainment of age fifty-five (55) shall be notified of their exemption from said additional tax. 
 The amount which a Member, former Member or Beneficiary is entitled to receive at any time and from time to time shall be paid in cash as a lump sum,
except amounts payable to or on behalf of Members who have shares of Cabot Corporation stock or shares of Cabot Oil & Gas Corporation stock in their Profit Sharing Plan Account or their ESOP Account may have their stock balance paid in cash
or as stock certificates adjusted to reflect commission fees. The Profit Sharing Plan Account and the ESOP Account shall retain the payment options provided under the Profit Sharing Plan and the ESOP. As of April 1, 2003 or, if later, the
ninety-first day following delivery of notice to Members describing the elimination from this Plan of payment options as provided under the Profit Sharing Plan and the ESOP, such payment options shall be eliminated under this Plan for distributions
to any Member whose Distribution Date is on or after said date. 
 If the amount to which a terminated Member is entitled is not more than
$5,000, including the balance of such Member’s Rollover Account, such amount shall be paid to the Member as soon as practicable after his Distribution Date; if such amount is in excess of $5,000, the distribution shall be made only if the
Member so consents. If such consent is withheld, distribution of the amount to which the terminated Member is entitled shall be made to such Member within 60 days after the end of the Plan Year in which occurs the earlier of the Member’s death
or his Retirement Date. Notwithstanding any other provision of this Section or 

  

 36 

 
the Plan to the contrary, if the total amount due from the Member’s Accounts does not exceed $1,000, payment of such amounts shall automatically be made
in a lump-sum payment as soon as administratively practicable following termination of Service for any reason, unless the Member elects to have such amount paid directly to an eligible retirement plan in the form of a direct rollover.
Notwithstanding the above, in the event of a distribution referenced above which is greater than $1,000 but less than $5,000, if the Member does not elect to have such distribution paid directly to an eligible retirement plan specified by the Member
in a direct rollover, or to receive the distribution directly in accordance with the provisions stated elsewhere herein, then the Committee will pay the distribution in a direct rollover to an individual retirement plan or account designated by the
Committee in its sole discretion. If a Member’s termination of Service occurs after his Retirement Date, distribution shall be made within 60 days after the end of the Plan Year in which termination occurs. If a Member dies before distribution
of his interest commences, the Member’s entire interest will be distributed no later than five years after the Member’s death. If distribution has commenced before the Member’s death, any remaining amount in the Member’s Account
shall be distributed at least as rapidly as under the method of distribution being used as of the date of the Member’s death. 
 Notwithstanding anything herein to the contrary, if a distribution is one to which Code Sections 401(a)(11) and 417 do not apply, such distribution may commence less than 30 days after the notice required under Section 1.411(a)-11(c)
of the Income Tax Regulations is given, provided that (a) the Committee clearly informs the Member that the Member has a right to a period of at least 30 days after receiving the notice to consider the decision of whether or not to elect a
distribution (and, if applicable, a particular distribution option), and (b) the Member, after receiving the notice, affirmatively elects a distribution. If a distribution is one to which Sections 401(a)(11) and 417 of the Code does apply, the
Member may elect, with the consent of the Member’s spouse to waive any requirement that the written explanation required under Code Section 417 be provided at least 30 days before the annuity starting date (or to waive the 30-day
requirement with respect to an explanation provided after the annuity starting date) if the distribution commences more than 7 days after such explanation is provided. 
 8.2 Distribution Upon Death: In the event of the death of any Member, the amount in his Account shall be distributable as follows: 
 (a) A Member shall file with the Committee a written designation, in the form prescribed by the Committee, of the Beneficiary or
Beneficiaries to receive the amount in his Account upon his death, and the Member may at any time change or cancel any such designation by filing a written request in the form prescribed by the Committee. No such designation of Beneficiary shall be
effective if the Member has a spouse, unless the spouse is designated as the Beneficiary or unless the spouse consents to the designation of another person as Beneficiary or the absence of the spouse’s consent is permitted herein. The
Member’s spouse may waive the right to be the Member’s sole Beneficiary and consent to the Beneficiary designation made by the Member. The waiver must (i) be in writing; (ii) designate a specific alternate Beneficiary and a form
of benefit which may not be changed without spousal consent (or must expressly permit designation by the Member without further consent of the spouse); 

  

 37 

 
(iii) acknowledge the effect of the waiver; and (iv) be witnessed by a Plan representative or a notary public. The spouse’s consent to a
Beneficiary designation shall not be required if it is established to the satisfaction of the Committee that such written consent may not be obtained because there is no spouse or the spouse cannot be located. Any consent under this
Section 8.2(a) will be valid only with respect to the spouse who signs the consent. Additionally, a revocation of a prior spousal consent may be made by a Member without the consent of the spouse at any time before the distribution of the
benefit under the Plan. The number of revocations shall not be limited. 
 (b) In the event of the death of any Member, the
entire amount in the Account of such Member shall be distributed to the Member’s spouse, or if there is no spouse, or the spouse has consented pursuant to Section 8.2(a), then to the Beneficiary designated by him as provided in the
preceding paragraph (a); or, in the absence of an effective designation or if no designated Beneficiary survives the Member, then to the duly appointed and qualified executor or administrator of the Member’s estate; or, if no
administration of the estate of such decedent is necessary, then to the Beneficiary entitled thereto under the last will and testament of such deceased Member; or, if such decedent left no will, to the legal heirs of such decedent determined in
accordance with the laws of intestate succession of the state of the decedent’s domicile. 
 (c) If the Committee shall
be in doubt as to the right of any Beneficiary designated by a deceased Member to take the interest of such decedent, the Committee may direct the Trustee to distribute the amount in the Account in question to the estate of such Member, in which
event the Trustee, the Employer, the Committee, and any other person in any manner connected with the Plan, shall have no further liability in respect of the assets. 
 (d) The entire amount in the Account of such Member shall be distributed no later than one year after the Member’s date of death or,
if later, one year after receipt by the Committee of acceptable proof of death. 
 8.3 Required Minimum Distributions: 
 (a) General. Notwithstanding any provisions of this Plan to the contrary, for a Member
attaining age 70 1/2, any benefits to which a Member is entitled shall commence not later than the April 1
following the later of (i) the calendar year in which the Member attains age 70 1/2 or (ii) the
calendar year in which the Member’s employment terminates (provided, however, that clause (ii) of this sentence shall not apply in the case of a Member who is a 5% owner (as defined in Section 416(i) of the Code) with respect to the
Plan Year ending in the calendar year in which such Member attains age 70 1/2 (such date the ‘Required
Beginning Date’). All distributions required under this Section 8.3 will be made in accordance with the Treasury Regulations under Code Section 401(a)(9) and shall apply for purposes of determining required minimum distributions for

  

 38 

 
calendar years beginning with the 2003 calendar year. The requirements under Code Section 401(a)(9) will take precedence over any inconsistent
provisions of the Plans. 
 (b) Timing and Manner of Distributions. The Member’s entire interest will be
distributed, or begin to be distributed, to the Member no later than the Member’s Required Beginning Date. Upon the death of the Member distributions will be made to the Beneficiary in accordance with Section 8.2 of the Plan. 

(c) Calculation of Required Minimum Distribution. During the Member’s lifetime, the minimum amount that will be distributed
for each Distribution Calendar Year is the quotient obtained by dividing the Member’s Account Balance by the distribution period in the Uniform Lifetime Table set forth in Section 1.401(a)(9)-9 of the Treasury Regulations, using the
Member’s age as of the Member’s birthday in the Distribution Calendar Year. Required minimum distributions will be determined beginning with the first Distribution Calendar Year and up to and including the Distribution Calendar Year that
includes the Member’s date of death. 
 (d) Required Minimum Distributions After Member’s Death. If the
Member dies after his Required Beginning Date his remaining Account balance will be distributed to his Beneficiary in a lump sum payment no later than the December 31 of the year following the year of the Member’s death. If the Member dies
before his Required Beginning Date, then payments to the Beneficiary will be made as provided under Section 8.2 of the Plan. 
 (e) Definitions. 
 (i) Designated Beneficiary. The individual who is designated as the Beneficiary
under Section 8.2 of the Plan and is the Designated Beneficiary under Section 401(a)(9) of the Code and Section 1.401(a)(9)-1, Q&A-4, of the Treasury Regulations. 
 (ii) Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before
the Member’s death, the first Distribution Calendar Year is the calendar year immediately preceding the calendar year which contains the Member’s Required Beginning Date. For distributions beginning after the Member’s death, the first
Distribution Calendar Year is the calendar year in which distributions are required to begin under Section 8.3(d). The required minimum distribution for the Member’s first Distribution Calendar Year will be made on or before the
Member’s Required Beginning Date. The required minimum distribution for other distribution calendar years, including the required minimum distribution for the Distribution Calendar Year in which the Member’s Required Beginning Date occurs,
will be made on or before December 31 of that Distribution Calendar Year. 
  

 39 

 (iii) Member’s Account Balance. The Account balance as of the last valuation
date in the calendar year immediately preceding the Distribution Calendar Year (valuation calendar year) increased by the amount of any contributions made and allocated or forfeitures allocated to the account balance as of dates in the valuation
calendar year after the valuation date and decreased by distributions made in the valuation calendar year after the valuation date. The Account balance for the valuation calendar year includes any amounts rolled over or transferred to the Plan
either in the valuation calendar year or in the distribution calendar year if distributed or transferred in the valuation calendar year. 
 8.4 Disputed Benefits: If any dispute still exists between a Member or a Beneficiary and the Committee after a review of the claim or in the event any uncertainty shall develop as to the person to whom payment of any benefit
hereunder shall be made, the Trustee may withhold the payment of all or any part of the benefits payable hereunder to the Member or Beneficiary until such dispute has been resolved by a court of competent jurisdiction or settled by the parties
involved. 
 8.5 Member’s Right to Transfer Eligible Rollover Distribution: 
 A. Rule: Notwithstanding any provision of the Plan to the contrary that would otherwise limit a distributee’s election under this Section, a
distributee may elect, at the time and in the manner prescribed by the plan administrator, to have any portion of an eligible rollover distribution paid directly to an eligible retirement plan specified by the distributee in a direct rollover.

 B. Definitions: 
 (a) Eligible Rollover Distribution: An eligible rollover distribution is any distribution of all or any portion of the balance to the credit of the distributee, except that an eligible rollover
distribution does not include: any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the distributee or the joint lives (or joint life
expectancies) of the distributee and the distributee’s designated beneficiary, or for a specified period of ten (10) years or more; any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; any
hardship withdrawal described in Section 401(k)(2)(B)(i)(IV) of the Code; and the portion of any distribution that is not includable in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to
employer securities). 
 Any amount that is distributed on account of hardship shall not be an eligible rollover distribution
and the distributee may not elect to have any portion of such a distribution paid directly to an eligible retirement plan. A portion of a distribution shall not fail to be an eligible rollover distribution merely because the portion consists of
after-tax employee contributions which are not includible in 

  

 40 

 
gross income. However, such portion may be transferred only to an individual retirement account or annuity described in Section 408(a) or (b) of
the Code, or to a qualified defined contribution plan described in Section 401(a) or 403(a) of the Code that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution which is
includible in gross income and the portion of such distribution which is not so includible. 
 (b) Eligible Retirement
Plan: An eligible retirement plan is (i) an individual retirement account described in Section 408(a) of the Code, (ii) an individual retirement annuity described in Section 408(b) of the Code, (iii) an annuity plan
described in Section 403(a) of the Code, (iv) an annuity contract described in Section 403(b) of the Code, (v) an eligible plan under Section 457(b) of the Code which is maintained by a state, political subdivision of a
state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this Plan, or (vi) a qualified trust described in Section 401(a) of
the Code, that accepts the distributee’s eligible rollover distribution. However, prior to January 1, 2002, in the case of an eligible rollover distribution to a surviving spouse, an eligible retirement plan is an individual retirement
account or individual retirement annuity. 
 (c) Distributee: A distributee includes an Employee or former
Employee. In addition, the Employee’s or former Employee’s surviving spouse and the Employee’s or former Employee’s spouse or former spouse who is the alternate payee under a qualified domestic relations order, as defined in
Section 414(p) of the Code, are distributees with regard to the interest of the spouse or former spouse. 
 (d) Direct
Rollover: A direct rollover is a payment by the Plan to the eligible retirement plan specified by the distributee. 
  

 41 

 ARTICLE IX 
 TRUST AGREEMENT; INVESTMENT 
 FUNDS; INVESTMENT DIRECTIONS 
 9.1 Trust Agreement: The Company has adopted a Trust Agreement governing the administration of the Trust, established effective as of
January 1, 1991 (the provisions of which are herein incorporated by reference to the extent not inconsistent herewith). Subject to the provisions of Section 9.2, and, not by way of limitation, the provisions of the Trust Agreement, the
Trustee may invest a portion of the Trust Fund in common stock of the Company, or in any other “qualifying employer security” within the meaning of Section 407(d)(5) of ERISA. 
 9.2 Investment Funds: The Trustee shall divide the Trust Fund into the Cabot Corporation Common Stock Fund; the Cabot Oil & Gas
Corporation Stock Fund and such additional Investment Funds which shall be selected and reviewed from time to time by the Committee. 
 Contributions shall be paid into the Investment Funds pursuant to the directions of the Members given in accordance with the provisions of Sections 9.3 and 9.4 as certified to the Trustee by the Committee. Except as otherwise provided
herein, interest, dividends and other income and all profits and gains produced by each such Investment Fund shall be paid into such Investment Fund, and such interest, dividends and other income or profits and gains, without distinction between
principal and income, may be invested and reinvested but only in the property hereinabove specified for the particular Investment Fund. Notwithstanding any provision in this Section to the contrary, the Committee may direct the Trustee (i) to
invest Savings or Employer Contributions in short-term fixed income investments which are acceptable to the Trustee or in the suspense account to be maintained in each Investment Fund during the period from the date of any such Contribution until
the next Valuation Date or (ii) to invest all or any portion of the Trust Fund attributable to any terminated or retired Member or attributable to any Member who is expected to retire or to terminate his Service within one (1) year, in one
or more fixed income investments which are acceptable to the Trustee. The fixed income investments authorized by this Section shall include, but not be limited to, certificates of deposit, savings accounts, or U.S. Treasury bills or notes.

 9.3 Investment Directions of Members: Each Member may, in a form and manner prescribed by the Committee, direct that the total of
the Contributions allocable to his Pre-Tax and After-Tax Contribution Accounts, Employer Contribution Account, Profit Sharing Plan Account and Rollover Account, if any, and the earnings and accretions thereon, be invested in such percentages (in
increments of ten percent (10%) of the total of all Accounts) as he may designate among the Investment Funds. In the event a Member fails to direct the manner of investing his Accounts as provided herein, his Accounts shall be invested
only in the Money Market Fund. 
 9.4 Change of Investment Directions: Each Member may, in the manner prescribed by the Committee and
subject to any restrictions or conditions which may be established by the Committee, authorize the transfer of existing account balances twelve (12) times each Plan Year 

  

 42 

 
among the available Investment Funds (in ten percent (10%) increments). Notwithstanding the foregoing, a Member may authorize the transfer of his
existing account balances to the Money Market Fund at any time, in a manner prescribed by the Committee and subject to the Committee’s consent and any other restrictions or conditions which may be established by the Committee. 
 Each Member may, in a form and manner prescribed by the Committee and subject to any restrictions or conditions which may be established by the
Committee, direct that the investment of his future Pre-Tax Contributions, After-Tax Contributions and Employer Contributions be changed from one Investment Fund to another. 
 9.5 Benefits Paid Solely from Trust Fund: All of the benefits provided to be paid under Article VIII shall be paid by the Trustee out of the
Trust Fund to be administered under such Trust Agreement. No Fiduciary shall be responsible or liable in any manner for payment of any such benefits, and all Members hereunder shall look solely to such Trust Fund and to the adequacy thereof for the
payment of any such benefits of any nature or kind which may at any time be payable hereunder. 
 9.6 Committee Directions to Trustee:
The Trustee shall make only such distributions and payments out of the Trust Fund as may be directed by the Committee. The Trustee shall not be required to determine or make any investigation to determine the identity or mailing address of any
person entitled to any distributions and payments out of the Trust Fund and shall have discharged its obligation in that respect when it shall have sent certificates and checks or other papers by ordinary mail to such persons and addresses as may be
certified to it by the Committee. 
 9.7 Authority to Designate Investment Manager: The Committee may appoint an investment manager or
managers to manage (including the power to acquire and dispose of) any assets of the Trust Fund in accordance with the terms of the Trust Agreement and ERISA. 
 9.8 Liquidation of Cabot MicroElectronics Stock: Any Cabot MicroElectronics Stock received by the Plan on behalf of a Member shall be liquidated as soon as practicable as directed by the Committee, and such
proceeds shall be invested proportionately according to the existing investment elections of the Members at the time of the liquidation. 
  

 43 

 ARTICLE X 
 ADOPTION OF PLAN BY OTHER ORGANIZATIONS; 
 SEPARATION OF THE TRUST FUND; AMENDMENT AND TERMINATION OF THE
PLAN; 
 DISCONTINUANCE OF CONTRIBUTIONS TO THE TRUST FUND 
 10.1 Adoptive Instrument: Any corporation or other organization with employees, now in existence or hereafter formed or acquired which is not
already an Employer under this Plan and which is otherwise legally eligible, may, with the approval of the Company by action of the Board of Directors, adopt and become an Employer under this Plan by executing and delivering to the Company and the
Trustee an adoptive instrument specifying the classification of its Employees who are to be eligible to participate in the Plan and by agreeing to be bound as an Employer by all the terms of the Plan with respect to its eligible Employees. The
adoptive instrument may contain such changes and variations in the terms of the Plan as may be acceptable to the Company. Any such approved organizations which shall adopt this Plan shall designate the Company as its agent to act for it in all
transactions affecting the administration of the Plan and shall designate the Committee to act for such Employer and its Members in the same manner in which the Committee may act for the Company and its Members hereunder. The adoptive instrument
shall specify the effective date of such adoption of the Plan and shall become, as to such adopting Employer and its Employees, a part of this Plan. Such Employer shall also forthwith obtain a favorable determination letter from the appropriate
District Director of the Internal Revenue with respect to its participation in the Plan. The Company may, in its absolute discretion, terminate an adopting Employer’s participation at any time when in its judgment such adopting Employer fails
or refuses to discharge its obligations under the Plan. Unless otherwise specifically provided, in the event a corporation or organization that has adopted the Plan ceases to be an Affiliate of the Company its participation in the Plan shall
terminate. 
 10.2 Separation of the Trust Fund: A separation of the Trust Fund as to the interest therein of the Members of any
particular Employer may be made by an Employer at any time. In such event, the Trustee shall set apart that portion of the Trust Fund which shall be allocated to such Members pursuant to a valuation and allocation of the Trust Fund made in
accordance with the procedures set forth in Sections 5.2 and 5.4, but as of the date when such separation of the Trust Fund shall be effective. Such portion may in the Trustee’s discretion be set apart in cash or in kind out of the
properties of the Trust Fund. That portion of the Trust Fund so set apart shall continue to be held by the Trustee as though such Employer had entered into the Trust Agreement as a separate trust agreement with the Trustee. Such Employer may in such
event designate a new trustee of its selection to act as trustee under such separate trust agreement. Such Employer shall thereupon be deemed to have adopted the Plan as its own separate plan, and shall subsequently have all such powers of amendment
or modification of such plan as are reserved herein to the Company. 
 10.3 Voluntary Separation: If any Employer shall desire to
separate its interest in the Trust Fund, it may request such a separation in a notice in writing to the Company and the Trustee. Such separation shall then be made as of any specified date after service of such notice, and such separation shall be
accomplished in the manner set forth in Section 10.2. 
  

 44 

 10.4 Amendment of the Plan: The Company shall have the right to amend or modify this Plan and
(with the consent of the Trustee) the Trust Agreement at any time and from time to time to any extent that it may deem advisable. Any such amendment or modification shall be set out in an instrument in writing duly authorized by the Board of
Directors and executed by the Company. No such amendment or modification shall, however, increase the duties or responsibilities of the Trustee without its consent thereto in writing, or have the effect of transferring to or vesting in any Employer
any interest or ownership in any properties of the Trust Fund, or of permitting the same to be used for or diverted to purposes other than for the exclusive benefit of the Members and their Beneficiaries. No such amendment shall decrease the Account
of any Member or shall decrease any Member’s vested interest in his Account. Notwithstanding anything herein to the contrary, the Plan or the Trust Agreement may be amended in such manner as may be required at any time to make it conform to the
requirements of the Internal Revenue Code or of any United States statutes with respect to employees’ trusts, or of any amendment thereto, or of any regulations or rulings issued pursuant thereto, and no such amendment shall be considered
prejudicial to any then existing rights of any Member or his Beneficiary under the Plan. 
 10.5 Acceptance or Rejection of Amendment by
Employers: The Company shall promptly deliver to each other Employer any amendment to this Plan or the Trust Agreement. Each such Employer will be deemed to have consented to such amendment unless it notifies the Company and the Trustee in
writing within thirty (30) days after receipt of the amendment that it does not consent thereto, and requests a separation of its interest in the Trust Fund in accordance with the provisions of Section 10.2, as of the first day of the
month following such written notification to the Company and the Trustee. 
 10.6 Termination of the Plan: In accordance with the
procedures set forth in this Section 10.6, the Company or any other Employer may effect a termination of the Plan as to such particular Employer under the following circumstances: 
 (a) The Plan may be terminated by the delivery to the Trustee of an instrument in writing approved and authorized by the board of
directors of such Employer. In such event, termination of the Plan shall be effective as of any subsequent date specified in such instrument. 
 (b) Except as otherwise provided in Section 10.10, the Plan shall terminate effective at the expiration of sixty (60) days following the merger into another corporation or dissolution of any Employer, or
following any final legal adjudication of any Employer as a bankrupt or an insolvent, unless within such time a successor organization approved by the Company shall deliver to the Trustee a written instrument certifying that such organization
(i) has become the Employer of more than fifty percent (50%) of those Employees of such Employer who are then Members under this Plan and (ii) has adopted the Plan as to its Employees. In any such event the interest in the Plan of any
Member whose 

  

 45 

 
employment may not be continued by the successor shall be fully vested as of the date of termination of his Service, and shall be payable in cash or in kind
within six (6) months from the date of termination of his Service. 
 10.7 Liquidation and Distribution of Trust Fund Upon
Termination: In the event a complete termination of the Plan in respect of any Employer shall occur, a separation of the Trust Fund in respect of the affected Members of such Employer shall be made as of the effective date of such termination of
the Plan in accordance with the procedure set forth in Section 10.2. Following separation of the Trust Fund in respect of the Members of any Employer as to whom the Plan has been terminated, the assets and properties of the Trust Fund, so set
apart, shall be reduced to cash as soon as may be expeditious under the circumstances. Any administrative costs or expenses incurred incident to the final liquidation of such separate trust funds shall be paid by the Employer, except that in the
case of bankruptcy or insolvency of such Employer any such costs shall be charged against the Trust Fund. Following such partial reduction of such Trust Fund to cash, the Accounts of the Members shall then be valued as provided in Sections 5.2
and 5.4 and shall be fully vested, whereupon each such Member shall become entitled to receive the entire amount in his Account in cash as directed by the Committee. The terminating Employer shall promptly advise the appropriate District Director of
Internal Revenue of such complete or partial termination and shall direct the Trustee to delay the final distribution to its affected Members until the District Director shall advise in writing that such termination does not adversely affect the
previously qualified status of the Plan or the exemption from tax of the Trust under Section 401(a) or 501(a) of the Code. 
 10.8
Effect of Termination or Discontinuance of Contributions: If any Employer shall terminate the Plan as to its Employees, then all amounts credited to the Accounts of the Members of such Employer with respect to whom the Plan has terminated
shall become fully vested and non-forfeitable. If any Employer shall completely discontinue its Contributions to the Trust Fund or suspend its Contributions to the Trust Fund under such circumstances as to constitute a complete discontinuance of
Contributions within the meaning of Section 1.401-6(c) of the regulations under the Code, then all amounts credited to the Accounts of the Members of such Employer shall become fully vested and non-forfeitable, and throughout any such period of
discontinuance of Contributions by an Employer all other provisions of the Plan shall continue in full force and effect with respect to such Employer other than the provisions for Contributions by such Employer. 
 10.9 Merger of Plan with Another Plan: In the event of any merger or consolidation of the Plan with, or transfer in whole or in part of the assets
and liabilities of the Trust Fund to another trust fund held under, any other plan of deferred compensation maintained or to be established for the benefit of all or some of the Members of this Plan, the assets of the Trust Fund applicable to such
Members shall be transferred to the other trust fund only if: 
 (a) Each Member would (if either this Plan or the other plan
then terminated) receive a benefit immediately after the merger, consolidation or transfer which is equal to or greater than the benefit he would have been entitled to receive immediately before the merger, consolidation or transfer (if this Plan
had then terminated); 
  

 46 

 (b) Resolutions of the board of directors of the Employer under this Plan, or of any new
or successor employer of the affected Members, shall authorize such transfer of assets, and, in the case of the new or successor employer of the affected Members, its resolutions shall include an assumption of liabilities with respect to such
Members’ inclusion in the new employer’s plan; and 
 (c) Such other plan and trust are qualified under
Sections 401(a) and 501(a) of the Code. 
 10.10 Consolidation or Merger with Another Employer: Notwithstanding any provision of
this Article X to the contrary, upon the consolidation or merger of two or more Employers under this Plan with each other, the surviving Employer or organization shall automatically succeed to all the rights and duties under the Plan and Trust
of the Employers involved, and their shares of the Trust Fund shall, subject to the provisions of Section 10.9, be merged and thereafter be allocable to the surviving Employer or organization for its Employees and their Beneficiaries.

  

 47 

 ARTICLE XI 
 MISCELLANEOUS PROVISIONS 
 11.1 Terms of Employment: The adoption and maintenance of the
provisions of this Plan shall not be deemed to constitute a contract between any Employer and Employee, or to be a consideration for, or an inducement or condition of, the employment of any person. Nothing herein contained shall be deemed to give to
any Employee the right to be retained in the employ of an Employer or to interfere with the right of an Employer to discharge an Employee at any time, nor shall it be deemed to give to an Employer the right to require any Employee to remain in its
employ, nor shall it interfere with any Employee’s right to terminate his employment at any time. 
 11.2 Controlling Law:
Subject to the provisions of ERISA, this Plan shall be construed, regulated and administered under the laws of the State of Texas. 
 11.3
Invalidity of Particular Provisions: In the event any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of this Plan but shall be fully severable,
and this Plan shall be construed and enforced as if said illegal or invalid provisions had never been inserted herein. 
 11.4
Non-Alienation of Benefits: Except as otherwise provided below and with respect to certain judgments and settlements pursuant to Section 401(a)(13) of the Code, no benefit which shall be payable out of the Trust Fund to any person
(including a Member or Beneficiary) shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge
the same shall be void; and no such benefit shall in any manner be liable for, or subject to, the death, contracts, liabilities, engagements or torts of any person, and the same shall not be recognized by the Trustee, except to the extent as may be
required by law. 
 This provision shall not apply to a “qualified domestic relations order” defined in Code Section 414(p),
and those other domestic relations orders permitted to be so treated by the Committee under the provisions of the Retirement Equity Act of 1984. To the extent provided under a “qualified domestic relations order,” a former spouse of a
Member shall be treated as the spouse or surviving spouse for all purposes of the Plan. If the Committee receives a qualified domestic relations order with respect to a Member, the Committee may authorize the immediate distribution of the amount
assigned to the Member’s former spouse, to the extent permitted by law, from the Member’s Accounts. 
 11.5 Payments in
Satisfaction of Claims of Members: Any payment or distribution to any Member or his legal representative or any Beneficiary in accordance with the provisions of this Plan shall be in full satisfaction of all claims under the Plan against the
Trust Fund, the Trustee and the Employer. The Trustee may require that any distributee execute and deliver to the Trustee a receipt and a full and complete release as a condition precedent to any payment or distribution under the Plan. 

 

 48 

 11.6 Payments Due Minors and Incompetents: If the Committee determines that any person to whom a
payment is due hereunder is a minor or is incompetent by reason of physical or mental disability, the Committee shall have the power to cause the payments becoming due such person to be made to another for the benefit of such minor or incompetent,
without the Committee or the Trustee being responsible to see to the application of such payment. To the extent permitted by ERISA, payments made pursuant to such power shall operate as a complete discharge of the Committee, the Trustee and the
Employer. 
 11.7 Impossibility of Diversion of Trust Fund: Notwithstanding any provision herein to the contrary, no part of the
corpus or the income of the Trust Fund shall ever be used for or diverted to purposes other than for the exclusive benefit of the Member or their Beneficiaries or for the payment of expenses of the Plan. No part of the Trust Fund shall ever directly
or indirectly revert to any Employer. 
 11.8 Evidence Furnished Conclusive: The Employer, the Committee and any person involved in
the administration of the Plan or management of the Trust Fund shall be entitled to rely upon any certification, statement, or representation made or evidence furnished by a Member or Beneficiary with respect to facts required to be determined under
any of the provisions of the Plan, and shall not be liable on account of the payment of any monies or the doing of any act or failure to act in reliance thereon. Any such certification, statement, representation, or evidence, upon being duly made or
furnished, shall be conclusively binding upon such Member or Beneficiary but not upon the Employer, the Member or any other person involved in the administration of the Plan or management of the Trust Fund. Nothing herein contained shall be
construed to prevent any of such parties from contesting any such certification, statement, representation, or evidence or to relieve the Member or Beneficiary from the duty of submitting satisfactory proof of such fact. 
 11.9 Copy Available to Members: A copy of the Plan, and of any and all future amendments thereto, shall be provided to the Committee and shall be
available to Members and, in the event of the death of a Member, to his Beneficiary, for inspection at the offices of his Employer during the regular office hours of the Employer. 
 11.10 Unclaimed Benefits: If at, after or during the time when a benefit hereunder is payable to any Member, Beneficiary or other distributee, the
Committee, upon request of the Trustee, or at its own instance, shall mail by registered or certified mail to such Member, Beneficiary or other distributee at his last known address a written demand for his then address or for satisfactory evidence
of his continued life, or both, and if such Member, Beneficiary or distributee shall fail to furnish the same to the Committee within two (2) years from the mailing of such demand, then the Committee may, in its sole discretion, determine that
such Member, Beneficiary or other distributee has forfeited his right to such benefit and may declare such benefit, or any unpaid portion thereof, terminated as if the death of the distributee (with no surviving Beneficiary) had occurred on the date
of the last payment made thereon, or on the date such Member, Beneficiary or distributee first became entitled to receive benefit payments, whichever is later; provided, however, that such forfeited benefit shall be reinstated if a claim for the
same is made by the Member, Beneficiary or other distributee at any time thereafter. Such reinstatement shall be made out of the funds otherwise available for allocation as Forfeitures for 

  

 49 

 
the Plan Year during which such claim was filed with the Committee (as provided in Section 4.8); and, if Forfeitures for the Plan Year are insufficient
to reinstate such amounts, the Employer shall make the Employer Minimum Contribution required under Section 4.2 hereof. 
 11.11
Headings for Convenience Only: The headings and subheadings herein are inserted for convenience of reference only and are not to be used in construing this instrument or any provision thereof. 
 11.12 Successors and Assigns: This agreement shall bind and inure to the benefit of the successors and assigns of the Employers. 
  

 50 

 ARTICLE XII 
 LIMITATION ON BENEFITS 
 Notwithstanding any provision of this Plan to the contrary, the total Annual
Additions made to the Account of a Member for any Plan Year shall be subject to the following limitations: 
 I. Single Defined
Contribution Plan 
 1. If an Employer does not maintain any other qualified plan, the amount of Annual Additions which
may be allocated under this Plan on a Member’s behalf for a Limitation Year shall not exceed the lesser of the Maximum Permissible Amount or any other limitation contained in this Plan. 
 2. Prior to the determination of the Member’s actual Compensation for a Limitation Year, the Maximum Permissible Amount may be
determined on the basis of the Member’s estimated annual Compensation for such Limitation Year. Such estimated annual Compensation shall be determined on a reasonable basis and shall be uniformly determined for all Members similarly situated.
Any Employer contributions (including allocation of forfeitures) based on estimated annual Compensation shall be reduced by any Excess Amounts carried over from prior years. 
 3. As soon as is administratively feasible after the end of the Limitation Year, the Maximum Permissible Amount for such Limitation Year
shall be determined on the basis of the Member’s actual Compensation for such Limitation Year. 
 4. If there is an
Excess Amount with respect to a Member for the Limitation Year, any non-deductible voluntary employee contributions, to the extent they would reduce the Excess Amount, will be returned to the Member. Then, Excess Amounts will be treated as a
Forfeiture and shall be applied as a credit to subsequent Employer Contributions or reallocated to other Members to the extent such allocations do not exceed the Maximum Permissible Amount all as provided in Section 12(III)(4). Any Excess
Amounts that cannot be allocated will be held in a suspense account. All amounts in the suspense account must be allocated and reallocated to the Member’s accounts (subject to the limitations of Section 415) in succeeding Limitation Years
before any Employer contribution and non-deductible Employee contribution which would constitute Annual Additions may be made to the Plan. 
 If a suspense account is in existence at any time during the Limitation Year pursuant to this Section, it will not participate in the allocation of the Trust’s investment gains and losses. 
  

 51 

 II. Two or More Defined Contribution Plans 
 1. If, in addition to this Plan, the Employer maintains any other qualified defined contribution plan, the amount of Annual Additions
which may be allocated under this Plan on a Member’s behalf for a Limitation Year, shall not exceed the lesser of: 
 A.
the Maximum Permissible Amount, reduced by the sum of any Annual Additions allocated to the Member’s accounts for the same Limitation Year under such other defined contribution plan or plans; or 
 B. any other limitation contained in this Plan. 
 2. Prior to the determination of the Member’s actual Compensation for the Limitation Year, the amount referred to in
Section 1(A) above, may be determined on the basis of the Member’s estimated annual Compensation for such Limitation Year. Such estimated annual Compensation shall be determined on a reasonable basis and shall be uniformly determined for
all Members similarly situated. Any Employer contribution (including allocation of forfeitures) based on estimated annual Compensation shall be reduced by any Excess Amounts carried over from prior years. 
 3. As soon as is administratively feasible after the end of the Limitation Year, the amounts referred to in Section 1(A) above shall
be determined on the basis of the Member’s actual Compensation for such Limitation Year. 
 4. If a Member’s Annual
Additions under this Plan and all such other defined contribution plans result in an Excess Amount, such Excess Amount shall be deemed to consist of the amounts last allocated. 
 5. If an Excess Amount was allocated to a Member on an allocation date of this Plan which coincides with an allocation date of another
plan, the Excess Amount attributed to this Plan will be the product of: 
 A. the total Excess Amount allocated as of such
date (including any amount which would have been allocated but for the limitations of Section 415 of the Code); times 
 B. the ratio of (1) the amount allocated to the Member as of such date under this Plan, divided by (2) the total amount allocated as of such date under all qualified defined contribution plans (determined without regard to the
limitations of Section 415 of the Code). 
  

 52 

 6. Any Excess Amounts attributed to this Plan shall be disposed of as provided in
Section 12(I)(4). 
 III. Definitions 
 1. Employer: The Company and any other Employer that adopts this Plan. In the case of a group of employers which constitutes a
controlled group of corporations (as defined in Code Section 414(b) as modified by Section 415(h)) or which constitutes trades and businesses (whether or not incorporated) which are under common control (as defined in Code
Section 414(c) as modified by Section 415(h)) or an affiliated service group (as defined in Code Section 414(m)), all such employers shall be considered a single Employer for purposes of applying the limitations of these sections.

 2. Excess Amount: The excess of the Member’s Annual Additions for the Limitation Year over the Maximum
Permissible Amount. 
 3. Limitation Year: The Plan Year. 
 4. Maximum Permissible Amount: Except to the extent permitted under Section 4.1(C) of the Plan with respect to Catch-Up
Contributions and Section 414(v) of the Code, if applicable, for a Limitation Year, the Maximum Permissible Amount with respect to any Member shall be the lesser of: 
 A. $40,000, as adjusted by the Secretary of the Treasury or his delegate pursuant to Code Section 415(d); or 
 B. 100% of the Member’s compensation for the Limitation Year. 
 The foregoing notwithstanding, the Maximum Permissible Amount shall not include contributions related to qualified military service under
Section 3.12 of the Plan. 
 5. Compensation: For purposes of determining compliance with the limitations of Code
Section 415, Compensation shall mean a Member’s earned income, wages, salaries, fees for professional services and other amounts received for personal services actually rendered in the course of employment with an Employer maintaining the
Plan, including, but not limited to, commissions paid salesmen, compensation for services based on a percentage of profits, commissions on insurance premiums, tips and bonuses and excluding the following: 
 (a) Employer contributions to a plan of a deferred compensation to the extent contributions are not included in gross income of the
Employee for the taxable year in which contributed, or on behalf of an employee to a simplified employee pension plan 

  

 53 

 
to the extent such contributions are deductible under Code Section 219(b)(2), and any distributions from a plan of deferred compensation whether or not
includable in the gross income of the Employee when distributed (however, any amounts received by an Employee pursuant to an unfunded non-qualified plan may be considered as compensation in the year such amounts are included in the gross income of
the Employee); 
 (b) amounts realized from the exercise of a non-qualified stock option, or when restricted stock (or
property) held by an employee becomes freely transferable or is no longer subject to a substantial risk of forfeiture; 
 (c)
amounts realized from the sale, exchange or other disposition of stock acquired under a qualified stock option; and 
 (d)
other amounts which receive special tax benefits, or contributions made by an Employer (whether or not under a salary reduction agreement) towards the purchase of an annuity contract described in Code Section 403(b) (whether or not the
contributions are excludable from the gross income of the Employee). 
 For the purposes of this Article, Compensation shall include any and
all items which may be included in compensation under Code Section 415(c)(3), including any elective deferral (as defined in Code Section 402(g)(3)) and any amount which is contributed or deferred by the Employer at the election of the
Employee and which is not includable in the gross income of the Employee by reason of Code Section 125, 132(f)(4) or 457, but excluding amounts that would otherwise be excluded from an Employee’s gross income by reason of the application
of Code Section 402(h)(1)(B) and, in the case of Employer contributions made pursuant to a salary reduction agreement, Code Section 403(b). The foregoing notwithstanding, for purposes of this Section, Compensation shall be limited to
$220,000 or such other amount provided under Code Section 401(a)(17), as adjusted for cost-of-living increases in accordance with Code Section 401(a)(17)(B). 
 6. Average Compensation: The average Compensation during a Member’s high three (3) years of service, which period is the
three (3) consecutive calendar years (or, the actual number of consecutive years of employment for those employees who are employed for less than three (3) consecutive years with the Employer) during which the Employee had the greatest
aggregate Compensation from the Employer. 
 7. Annual Benefit: A benefit payable annually in the form of a straight
life annuity (with no ancillary benefits) under a plan to which Employees do not contribute and under which no rollover contributions are made. 
  

 54 

 8. Annual Additions: With respect to each Limitation Year, the total of the
Employer Contributions, Pre-Tax Contributions, After-Tax Contributions. Forfeitures, and amounts described in Code Sections 415(l) and 419A(d)(2) which are allocated to a Member’s Account; excluding, however, any Catch-Up Contributions
permitted under Section 4.1(C) of the Plan. 
  

 55 

 ARTICLE XIII 
 TOP-HEAVY PLAN REQUIREMENTS 
 13.1 General Rule: For any Plan Year for which the Plan is a Top
Heavy Plan, as defined in Section 13.7, despite any other provisions of the Plan to the contrary, the Plan shall be subject to the provisions of this Article XIII. 
 13.2 Vesting Provisions: Each Member who has completed an Hour of Service after the Plan becomes top heavy and while the Plan is top heavy and who has completed the vesting service specified in the following
table shall be vested in his Account under the Plan at least as rapidly as is provided in the following schedule; except that the vesting provision set forth in Section 7.4 shall be used at any time in which it provides for more rapid vesting:

  

							
	 	 	 Years of Vesting Service
	  	 Vested Percent
	  	 
		 	 Less than 2 years
	  	0%	  	
		 	 2
	  	20%	  	
		 	 3
	  	40%	  	
		 	 4
	  	60%	  	
		 	 5
	  	80%	  	
		 	 6 or more
	  	100%	  	

 If an Account becomes vested by reason of the application of the preceding schedule, it may not thereafter be
forfeited by reason of reemployment after retirement pursuant to a suspension of benefits provision, by reason of withdrawal of any mandatory employee contributions to which Employer Contributions were keyed or for any other reason. If the Plan
subsequently ceases to be top heavy, the preceding schedule shall continue to apply with respect to any Member who had at least three years of service (as defined in Treasury Regulation Section 1.411(a) 8T(b)(3)) as of the close of the last
year that the Plan was top heavy, except that each Member whose vested percentage in his Account is determined under such amended schedule and who has completed at least three years of service with the Employer, may elect, during the election
period, to have the vested percentage in his Account determined without regard to such amendment if his vested percentage under the Plan as amended is, at any time, less than such percentage determined without regard to such amendment. For all other
Members, the vested percentage of their Accounts prior to the date the Plan ceases to be top heavy shall not be reduced, but future increases in the vested percentage shall be made only in accordance with the vesting provision set forth in
Section 7.4. 
 13.3 Minimum Contribution Percentage: Each Member who is (i) a Non Key Employee, as defined in
Section 13.7, and (ii) employed on the last day of the Plan Year shall be entitled to have contributions and forfeitures (if applicable) allocated to his Account of not less than 3% (the “Minimum Contribution Percentage”) of the
Member’s Compensation. This minimum allocation percentage shall be provided without taking a Non Key Employee’s Pre-Tax Contributions into account. Even a Non Key Employee who has completed less than 1,000 Hours of Service shall receive a
Minimum Contribution Percentage, provided that such Non Key 

  

 56 

 
Employee has not terminated Service by the last day of the Plan Year. A Non Key Employee may not fail to receive a Minimum Contribution Percentage because of
a failure to receive a specified minimum amount of compensation or a failure to make mandatory employee or elective contributions. This Minimum Contribution Percentage will be reduced for any Plan Year to the percentage at which contributions
(including pre tax contributions and forfeitures, if applicable) are made or are required to be made under the Plan for the Plan Year for the Key Employee for whom such percentage is the highest for such Plan Year. For this purpose, the percentage
with respect to a Key Employee will be determined by dividing the Contributions (including Pre-Tax Contributions and forfeitures if applicable) made for such Key Employee by his total compensation (as defined in Section 415(c)(3) of the Code)
not in excess of $220,000 for the Plan Year, with such amount automatically adjusted in the same manner as the amount set forth in Section 13.4 below. 
 Contributions considered under the first paragraph of this Section 13.3 shall include Employer Contributions under the Plan and under all other defined contribution plans required to be included in an Aggregation
Group (as defined in Section 13.7), but will not include Employer Contributions under any plan required to be included in such aggregation group if the plan enables a defined benefit plan required to be included in such group to meet the
requirements of the Code prohibiting discrimination as to contributions in favor of employees who are officers, shareholders, or the highly compensated or prescribing the minimum participation standards. If the highest rate allocated to a Key
Employee for a year in which the Plan is top heavy is less than 3%, amounts contributed as a result of a salary reduction agreement must be included in determining Contributions made on behalf of Key Employees. 
 Employer Matching Contributions shall be taken into account for purposes of satisfying the Minimum Contribution Percentage of this Section. The preceding
sentence shall apply with respect to matching contributions under the Plan or, if the Plan provides that the Minimum Contribution Percentage shall be met in another plan, such other plan. Employer Matching Contributions that are used to satisfy the
Minimum Contribution Percentage shall be treated as matching contributions for purposes of the actual contribution percentage test and other requirements of Section 401(m) of the Code. 
 Contributions considered under this Section shall not include any contributions under the Social Security Act or any other federal or state law.

 13.4 Limitation on Compensation: The annual compensation of a Member taken into account under this Article XIII for purposes of
computing benefits under the Plan shall not exceed $220,000, with such amount adjusted automatically for each Plan Year to the amount prescribed by the Secretary of the Treasury or his delegate pursuant to Section 401(a)(17)(B) of the Code and
regulations for the calendar year in which such Plan Year commences. 
 13.5 Coordination With Other Plans: In the event that another
defined contribution or defined benefit plan maintained by a Considered Company provides contributions or benefits on behalf of Members in the Plan, such other plan shall be treated as a part of the Plan pursuant to principles prescribed by
applicable Treasury Regulations or Internal Revenue Service rulings to determine whether the Plan satisfies the requirements of Sections 13.2, 13.3 and 13.4, and to 

  

 57 

 
avoid inappropriate omissions or inappropriate duplication. If a Member is covered both by a top heavy defined benefit plan and a top heavy defined
contribution plan, a comparability analysis (as prescribed by Revenue Ruling 81-202 or any successor ruling) shall be performed in order to establish that the plans are providing benefits at least equal to the defined benefit minimum. Such
determination shall be made upon the advice of counsel by the Committee, which shall, if necessary, cause benefits or contributions to be made sufficient. 
 13.6 Distributions to Certain Key Employees: Notwithstanding any other provision of the Plan to the contrary,
the entire interest in the Plan of each Member who is a Key Employee and a “5% Owner” (as defined in Section 13.7(4)) in the calendar year in which such individual attains age 70 1/2 shall be distributed to such Member not later than April 1 following the calendar year in which such individual attains age 70 1/2. 
 13.7 Determination of Top Heavy Status: The Plan shall be a Top Heavy Plan for any Plan Year if, as of the Determination Date, the aggregate of the Accounts under the Plan (determined as of the Valuation Date)
for Members (including former Members) who are Key Employees exceeds 60% of the aggregate of the Accounts of all Members, excluding former Key Employees, or if the Plan is required to be in an Aggregation Group, any such Plan Year in which such
group is a Top Heavy Group. In determining Top Heavy status, if an individual has not performed one Hour of Service for any Considered Company at any time during the 1 year period ending on the Determination Date, any accrued benefit for such
individual and the aggregate accounts of such individual shall not be taken into account. 
 For purposes of this Section, the capitalized
words have the following meanings: 
 (1) “Aggregation Group” means the group of plans, if any, that includes both
the group of plans required to be aggregated and the group of plans permitted to be aggregated. The group of plans required to be aggregated (the “required aggregation group”) includes: 
 (a) Each plan of a Considered Company in which a Key Employee is a participant in the Plan Year containing the Determination Date; and

 (b) Each other plan, including collectively bargained plans, of a Considered Company which, during this period, enables a
plan in which a Key Employee is a participant to meet the requirements of Section 401(a)(4) or 410 of the Code. 
 The group of plans
that are permitted to be aggregated (the “permissive aggregation group”) includes the required aggregation group plus one or more plans of a Considered Company that is not part of the required aggregation group and that the Considered
Company certifies as a plan within the permissive aggregation group. Such plan or plans may be added to the permissive aggregation group only if, after the addition, the aggregation group as a whole continues to satisfy the requirements of Sections
401(a)(4) and 410 of the Code. 
  

 58 

 (2) “Considered Company” means the Employer or an Affiliate. 
 (3) “Determination Date” means the last day of the immediately preceding Plan Year. 
 (4) “Key Employee” means any Employee or former Employee (including any deceased Employee) under the Plan who, at any time
during the Plan Year that includes the Determination Date, is or was one of the following: 
 (a) An officer of a Considered
Company having an annual compensation greater than $130,000 (as adjusted under Section 416(i)(1) of the Code); 
 (b) A
person who owns (or is considered as owning, within the meaning of the constructive ownership rules of Section 416(i)(1)(B)(iii) of the Code) more than 5% of the outstanding stock of a Considered Company or stock possessing more than 5% of the
combined voting power of all stock of the Considered Company (a “5% Owner”); or 
 (c) A person who has an annual
compensation from the Considered Company of more than $150,000 and who owns (or is considered as owning within the meaning of the constructive ownership rules of Section 416(i)(1)(B) of the Code) more than 1% of the outstanding stock of the
Considered Company or stock possessing more than 1% of the total combined voting power of all stock of the Considered Company (a “1% Owner”). 
 For purposes of this subsection (4), (i) whether an individual is an officer shall be determined by the Considered Company on the basis of all the facts and circumstances, such as an individual’s authority,
duties, and term of office, not on the mere fact that the individual has the title of an officer, (ii) for any Plan Year, no more than 50 Employees (or if less, the greater of 3 or 10% of the Employees) shall be treated as officers,
(iii) a Beneficiary of a Key Employee shall be treated as a Key Employee; (iv) in the case of a 5% or 1% Owner determination, each Considered Company is treated separately in determining ownership percentages, but all such Considered
Companies shall be considered a single employer in determining the amount of compensation, and (v) compensation means all items includable as compensation for purpose of applying the limitations on annual additions to a Member’s account in
a defined contribution plan and the maximum benefit payable under a defined benefit plan under Section 415(c)(3) of the Code. The determination of who is a Key Employee shall be made in accordance with Section 416(i)(1) of the Code and the
applicable regulations and other guidance of general applicability issued thereunder. 
  

 59 

 (5) “Non Key Employee” means any Employee (and any Beneficiary of an Employee)
who is not a Key Employee. In any case where an individual is a Non Key Employee with respect to an applicable plan but was a Key Employee with respect to such plan for any prior Plan Year, any accrued benefit and any account of such Employee shall
be altogether disregarded. 
 (6) “Top Heavy Group” means the Aggregation Group if, as of the applicable
Determination Date, the sum of the present value of the cumulative accrued benefits for Key Employees under all defined benefit plans included in the Aggregation Group plus the aggregate of the accounts of Key Employees under all defined
contribution plans included in the Aggregation Group exceeds 60% of the sum of the present value of the cumulative accrued benefits for all employees (excluding former Key Employees), as provided in paragraph (a) below, under all such defined
benefit plans plus the aggregate accounts for all employees (excluding former Key Employees), as provided in paragraph (a) below, under all such defined contribution plans. In determining Top Heavy status, if an individual has not performed one
Hour of Service for any Considered Company at any time during the 1 year period ending on the Determination Date, any accrued benefit for such individual and the aggregate accounts of such individual shall not be taken into account. If the
Aggregation Group that is a Top Heavy Group is a required aggregation group, each plan in the group will be a Top Heavy Plan. If the Aggregation Group that is a Top Heavy Group is a permissive aggregation group, only those plans that are part of the
required aggregation group will be treated as Top Heavy Plans. If the Aggregation Group is not a Top Heavy Group, no plan within such group will be a Top Heavy Plan. 
 In determining whether the Plan constitutes a Top Heavy Plan, the Committee (or its agent) will make the following adjustments: 
 (a) When more than one plan is aggregated, the Committee shall determine separately for each plan as of each plan’s Determination
Date the present value of the accrued benefits (for this purpose using the actuarial assumptions set forth in the applicable plan or account balance) or account balance, including distributions to Key Employees and all employees. The results shall
then be aggregated by adding the results of each plan as of the Determination Dates for such plans that fall within the same calendar year. The combined results shall indicate whether or not the plans so aggregated are Top Heavy Plans. 

(b) In determining the present value of the cumulative accrued benefit (for this purpose using the actuarial assumptions set forth in
the applicable pension plan) or the amount of the account of any employee, such present value or account balance shall be increased by the amount in dollar value of the aggregate distributions made with respect to the employee under the Plan and

  

 60 

 
any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the Determination Date. The preceding sentence
shall also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than
separation from service, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.” The amounts will include distributions to employees representing the entire amount credited to
their accounts under the applicable plan. The accrued benefits and accounts of any individual who has not performed services for a Considered Company during the 1-year period ending on the Determination Date shall not be taken into account.

 (c) Further, in making such determination, such present value or such account balance shall include any rollover
contribution (or similar transfer), as follows: 
 (i) If the Rollover Contribution (or similar transfer) is
“unrelated” (both initiated by the employee and made to or from a plan maintained by another employer who is not a Considered Company), the plan providing the distribution shall include such distribution in the present value of such
account; the plan accepting the distribution shall not include such distribution in the present value of such account unless the plan accepted it before December 31, 1983; and 
 (ii) If the Rollover Contribution (or similar transfer) is “related” (either not initiated by the employee or made from a plan
maintained by another Considered Company), the plan making the distribution shall not include the distribution in the present value of such account; and the plan accepting the distribution shall include such distribution in the present value of such
account. 
 (7) “Valuation Date” means, for purposes for determining the present value of an accrued benefit as of
the Determination Date, the date determined as of the most recent valuation date which is within a 12 month period ending on the Determination Date. For the first plan year of a plan, the accrued benefit for a current employee shall be determined
either (i) as if the individual terminated service as of the Determination Date or (ii) as if the individual terminated service as of the Valuation Date, but taking into account the estimated accrued benefit as of the Determination Date.
The Valuation Date shall be determined in accordance with the principles set forth in Q&A T 25 of Treasury Regulation Section 1.416-1. 
  

 61 

 Except as otherwise provided in this Section, for purposes of this Article, “Compensation”
shall have the meaning given to it in Section 12(III)(5) of the Plan. 
  

 62 

 ARTICLE XIV 
 TESTING OF CONTRIBUTIONS 
 14.1 Definitions: For purposes of this Article XIV, the following
terms, when capitalized, shall be defined as: 
 (1) “Actual Contribution Percentage” or “ACP” shall mean,
with respect to a Plan Year, for a specified group of Employees (either Highly Compensated Employees or non-Highly Compensated Employees) the average of the ratios, calculated separately for each Employee, of: 
 (a) The sum of the Aggregate Contributions paid under the Plan on behalf of each Employee for a Plan Year that are made on account of the
Employee’s Contributions for the Plan Year, which are allocated to the Employee’s Account during such Plan year, and are paid to the Trust no later than the end of the next following Plan Year; over 
 (b) The Employee’s Compensation for such Plan Year. 
 An Employee’s Actual Contribution Percentage shall be determined after determining his Excess Deferrals and Excess Contributions, if any. The Actual Contribution Percentage of an eligible Employee who does not
have any Aggregate Contributions for a Plan Year is zero. The individual ratios and Actual Contribution Percentages shall be calculated to the nearest 1/100 of 1% of an Employee’s Compensation. 
 (2) “Actual Deferral Percentage” or “ADP” shall mean, with respect to a Plan Year, for a specified group of Employees
(either Highly Compensated Employees or non-Highly Compensated Employees) the average of the ratios, calculated separately for each Employee, of: 
 (a) The amount of Employer Contributions actually paid to the Plan on behalf of each such Employee for
a Plan Year that relate to Compensation that either would have been received by the Employee in such Plan Year (but for the deferral election) or are attributable to services performed by the Employee in the Plan Year and would have been received by
the Employee within 2 1/2 months after the close of the Plan Year (but for the deferral election) and which are
allocated to the Employee’s Account and are paid to the Trust no later than the end of the next following Plan Year; over 
 (b) The Employee’s Compensation for such Plan Year. 
  

 63 

 The Actual Deferral Percentage of an eligible Employee who does not have any Employer Contributions for a
Plan Year is zero. The individual ratios and Actual Deferral Percentages shall be calculated to the nearest 1/100 of 1% of an Employee’s Compensation. 
 (3) “Aggregate Contributions” shall mean, as applicable, any of the following: (i) After-Tax Contributions; (ii) Employer Matching Contributions; (iii) QNECs that have not been included in the
ADP test; and (iv) Pre-Tax Contributions that are not needed to satisfy the ADP test for the current Plan Year, provided such test is satisfied before and after such Pre-Tax Contributions have been included in the ACP test for the current Plan
Year. Aggregate Contributions shall not include (a) Employer Matching Contributions that are forfeited either to correct Excess Aggregate Contributions or because the contributions to which they relate are Excess Deferrals, Excess Contributions
or Excess Aggregate Contributions, or (b) Employer Matching Contributions made pursuant to Code Section 414(u) by reason of a Member’s qualified military service. 
 (4) “Compensation” shall mean the Employee’s total Compensation for services rendered to an Employer during the Plan Year
and, unless the Committee elects otherwise, the Employee’s Pre-Tax Contributions for the Plan Year and any amounts not currently included in the Employee’s gross income by reason of the application of Section 125 or 132(f)(4) of the
Code. 
 (5) “Employee” shall mean each Employee eligible to participate in the Plan in accordance with
Section 3.1 of the Plan, including each eligible Employee who does not elect to make Pre-Tax Contributions and/or After-Tax Contributions and who is an “eligible employee,” as defined in Treasury Regulation Section 1.401(k)6.

 (6) “Employer Contributions” shall mean, as applicable, any of the following: (i) Pre-Tax Contributions,
including any Excess Deferrals made by Highly Compensated Employees, but excluding Catch-Up Contributions and any Pre-Tax Contributions made pursuant to Code Section 414(u) by reason of a Member’s qualified military service, and
(ii) QNECs that have not been used to satisfy the ACP test for the current Plan Year. 
 (7) “Employer Matching
Contributions” shall mean the amounts contributed to the Trust Fund by the Employer pursuant to Section 4.2. 
 (8)
“Excess Aggregate Contributions” shall mean, with respect to any Plan Year, the excess of: 
 (a) The sum of the
Aggregate Contributions actually taken into account in computing the ACP of Highly Compensated Employees for such Plan Year; minus 
  

 64 

 (b) The maximum amount of Aggregate Contributions permitted by the ACP test for the Plan
Year (determined by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of their ACP beginning with the highest of such percentages). 
 (9) “Excess Contributions” shall mean, with respect to any Plan Year, the excess of: 
 (a) The sum of the Employer Contributions actually taken into account in computing the ADP of Highly Compensated Employees for such Plan
Year; minus 
 (b) The maximum amount of such Employer Contributions permitted by the ADP test for the Plan Year (determined
by hypothetically reducing contributions made on behalf of Highly Compensated Employees in order of their ADP, beginning with the highest of such percentages). 
 (10) “Excess Deferrals” shall have the meaning provided in Section 4.1 of the Plan. 
 (11) “Highly Compensated Employee” shall mean any Employee and any employee of an Affiliate who is a highly compensated employee
under Section 414(q) of the Code, including any Employee and any employee of an Affiliate who was a “5% owner” (as defined in Code Section 416(i)) during the current Plan Year or prior Plan Year or who received Compensation
during the prior Plan Year in excess of $100,000, or such other amount as determined by the Secretary of the Treasury or his delegate, excluding Employees described in Code Section 414(q)(8). In determining an Employee’s status as a Highly
Compensated Employee within the meaning of Section 414(q), the entities set forth in Treasury Regulation Section 1.414(q) 1T Q&A 6(a)(1) through (4) must be taken into account as a single employer. A former Employee shall be
treated as a Highly Compensated Employee if (i) such former Employee was a Highly Compensated Employee when he separated from Service or (ii) such former Employee was a Highly Compensated Employee in Service at any time after attaining age
55. 
 (12) “QNECs” shall mean qualified non-elective contributions, as defined in Treasury Regulation Sections
1.401(k) and 1.401(m), that may be made for a Plan Year in any amount necessary to satisfy or help to satisfy the Actual Deferral Percentage limit in Section 14.2 of the Plan or the Contribution Percentage limit in Section 14.4 of the
Plan. 
 14.2 Actual Deferral Percentage Test: The ADP for the eligible Highly Compensated Employees for the Plan Year shall not
exceed the greater of (1) or (2), as follows: 
 1. The ADP for the eligible non-Highly Compensated Employees times 1.25;
or 
  

 65 

 2. The lesser of (i) the ADP for the eligible non-Highly Compensated Employees times
2.0 or (ii) the ADP for the eligible non-Highly Compensated Employees plus two percentage (2%) points. 
 The Plan applies the
Actual Deferral Percentage test using the “current year testing method” described in Treasury Regulation Section 1.401(k)-2 for Highly Compensated Employees and non-Highly Compensated Employees. The ADP for any Highly Compensated
Employee who is eligible to have Pre-Tax Contributions allocated to his account under two or more plans described in Section 401(k) of the Code that are maintained by an Employer or an Affiliate in addition to this Plan shall be determined as
if the total of all such contributions were made under a single plan. If a Highly Compensated Employee participates in two or more plans that have different plan years, all Pre-Tax Contributions made during the Plan Year under all such arrangements
shall be aggregated. In the event this Plan satisfies the requirements of Code Section 401(k), 401(a)(4), or 410(b) only if aggregated with one or more other plans, or if one or more other plans satisfy the requirements of such sections of the
Code only if aggregated with this Plan, then this Section shall be applied by determining the ADP of Employees as if all such plans were a single plan. Plans may be aggregated in order to satisfy Code Section 401(k) only if they have the same
plan year and use the same ADP testing method. 
 The Employer, in its sole discretion, may elect to make QNECs for any Plan Year in any
amount it determines is necessary to satisfy or contribute to satisfying the Actual Deferral Percentage test set forth in this Section 14.2 or the Actual Contribution Percentage test set forth in Section 14.4 of the Plan. QNECs may be used
in lieu of, or in conjunction with, the distributions described in Section 14.3 or the forfeitures described in Section 14.5 of the Plan. QNECs shall be allocated in a manner determined by the Employer, in accordance with Treasury
Regulation Section 1.401(a)(4)-2, among the Pre-Tax Contribution Accounts (as defined in Section 1.31) of non-Highly Compensated Employees who were eligible to make Pre-Tax Contributions during the Plan Year for which the QNECs are made at
any time during the Plan Year or no later than 12 months after the end of the Plan Year. QNECs shall be considered Pre-Tax Contributions and shall be subject to the same limitations as to withdrawal and distribution as Pre-Tax Contributions. QNECs
shall be nonforfeitable and 100% vested at all times. Any portion of the QNECs taken into account for purposes of the Actual Contribution Percentage test in Section 14.4, may not be taken into account for purposes of the Actual Deferral
Percentage test in this Section 14.2. QNECs must satisfy the non-disproportionate contributions requirements of Treasury Regulation Sections 1.401(k)2(a)(6)(iv) and 1.401(m)2(a)(6)(4). 
 14.3 Excess Contributions: If neither of the tests described in (1) or (2) of Section 14.2 are satisfied, and the Employer decides
not to make QNECs as a corrective measure, then Excess Contributions, plus any income and minus any loss attributable thereto, of certain Highly Compensated Employees will be distributed and shall be considered taxable income to such Highly
Compensated Employees. Excess Contributions are allocated to the Highly Compensated Employees with the largest amount of Pre-Tax Contributions taken into account in calculating the ADP test for the year in which the excess arose, beginning with the
Highly Compensated 

  

 66 

 
Employee with the largest amount of such Pre-Tax Contributions and continuing in descending order until all of the Excess Contributions have been allocated.
To the extent a Highly Compensated Employee has not reached his Catch-Up Contribution limit under the Plan, Excess Contributions shall be allocated to such Highly Compensated Employee as Catch Up Contributions (not to exceed the Catch-Up
Contribution limit) and such contributions will not be treated as Excess Contributions. 
 The amount of Excess Contributions allocated to
each Highly Compensated Employee, plus any income and minus any losses calculated up to the date of the distribution, and minus the amount of any Excess Deferrals previously distributed, will be distributed to the affected Highly Compensated
Employees as soon as administratively feasible but in no event later than 12 months following the end of such Plan Year during which the Excess Contributions were made. 
 The income or loss attributable to a Highly Compensated Employee’s Excess Contributions for the Plan Year shall be determined as the sum of (1) and (2), where (1) is the income or loss attributable to
the Highly Compensated Employee’s Pre-Tax Contribution Account for the Plan Year multiplied by a fraction, the numerator of which is the Excess Contributions and the denominator of which is the amount of the Highly Compensated Employee’s
Pre-Tax Contribution Account balance as of the beginning of the Plan Year plus the Employee’s Pre-Tax Contributions to the Account during the Plan Year; and (2) (using the safe harbor method) is 10% of the amount determined under
(1) multiplied by the number of calendar months between the end of the Plan Year and the date of distribution, counting the month of distribution if distribution occurs after the 15th of such month. 
 If distributions are made under this Section 14.3, the Actual Deferral Percentage is treated as meeting the nondiscrimination test of
Section 401(k)(3) of the Code, regardless of whether the Actual Deferral Percentage, if recalculated after such distributions, would satisfy Section 401(k)(3) of the Code. The above procedures are used for purposes of distributing Excess
Contributions under Section 401(k)(8)(A)(i) of the Code. Excess Contributions shall be treated as Annual Additions under Section 12(III)(8) of the Plan. 
 14.4 Actual Contribution Percentage Test: The Contribution Percentage for the eligible Employees for any Plan Year who are Highly Compensated Employees shall not exceed the greater of (1) or (2), as
follows: 
 1. The ACP for the eligible non-Highly Compensated Employees times 1.25; or 
 2. The lesser of (i) the ACP for the eligible non-Highly Compensated Employees times 2.0 or (ii) the ACP for non-Highly
Compensated Employees plus two percentage (2%) points. 
 The Plan applies the Actual Contribution Percentage test using the
“current year testing method” described in Treasury Regulation Section 1.401(m)-2 for Highly Compensated Employees and non-Highly Compensated Employees. In computing the Actual Contribution 

  

 67 

 
Percentage, the Employer may elect to take into account Pre-Tax Contributions and QNECs made under this Plan or any other plan of the Employer to the extent
that (i) Pre-Tax Contributions and/or QNECs used for purposes of calculating the ADP test are not used for purposes of calculating the ACP test, and (ii) Pre-Tax Contributions, including those treated as Aggregate Contributions for
purposes of calculating the Actual Contribution Percentage, satisfy the requirements of Code Section 401(k)(3). The ACP for any Highly Compensated Employee who is eligible to have Aggregate Contributions allocated to his account under two or
more plans described in Section 401(a) or 401(k) of the Code that are maintained by an Employer or an Affiliate in addition to this Plan shall be determined as if the total of all such contributions were made under a single plan. If a Highly
Compensated Employee participates in two or more such plans or arrangements that have different plan years, all Aggregate Contributions made during the Plan Year under all such plans and arrangements shall be aggregated. 
 For purposes of determining whether the ACP limits of this Section 14.4 are satisfied, all Aggregate Contributions that are made under two or more
plans that are aggregated for purposes of Code Section 401(a)(4) or 410(b) are to be treated as made under a single plan, and if two or more plans are permissively aggregated for purposes of Code Section 401(m), the aggregated plans must
also satisfy Code Sections 401(a)(4) and 410(b) as though they were a single plan. Plans may be aggregated in order to satisfy Code Section 401(m) only if they have the same Plan Year and use the same ACP testing method. 
 14.5 Excess Aggregate Contributions: If neither of the tests described in (1) or (2) of Section 14.4 are satisfied, and the
Employer decides not to make QNECs as a corrective measure, Excess Aggregate Contributions, plus any income and minus any loss attributable thereto, shall be forfeited no later than 12 months after the close of a Plan Year to Members to whose
accounts such Excess Aggregate Contributions were allocated. Excess Aggregate Contributions are allocated to the Highly Compensated Employees with the largest Aggregate Contributions taken into account in calculating the ACP test for the year in
which the excess arose, beginning with the Highly Compensated Employee with the largest amount of such Aggregate Contributions and continuing in descending order until all the Excess Aggregate Contributions have been allocated. Excess Aggregate
Contributions shall be treated as Annual Additions under the Plan. 
 The income or loss attributable to the Highly Compensated
Employee’s Excess Aggregate Contributions for the Plan Year shall be determined as the sum of (1) and (2), where (1) is the income or loss attributable to the Highly Compensated Employee’s Employer Contribution Account (as
defined in Section 1.17) and After-Tax Contribution Account for the Plan Year multiplied by a fraction, the numerator of which is the Excess Aggregate Contribution, and the denominator of which is the amount of the Highly Compensated
Employee’s Employer Contribution Account and After-Tax Contribution Account without regard to any income or loss occurring during such Plan Year; and (2) (using the safe harbor method) is 10% of the amount determined under
(1) multiplied by the number of whole calendar months between the end of the Plan Year and the date of forfeiture, counting the month of forfeiture if forfeiture occurs after the 15th of such month. 
  

 68 

 Any forfeiture of Excess Aggregate Contributions shall be applied to reduce Employer Matching
Contributions for the Plan Year in which the excess arose. Should the amount of forfeited Excess Aggregate Contributions exceed the amount of Employer Matching Contributions needed for the Plan Year, such forfeitures shall be allocated, after all
other forfeitures under the Plan, to the Employer Contribution Accounts of each non-Highly Compensated Employee who made Pre-Tax Contributions to the Plan, in the ratio that each such Employee’s Pre-Tax Contributions for the Plan Year bears to
the total Pre-Tax Contributions of all such Employees for such Plan Year. 
 If forfeitures are made under this Section 14.5, the Actual
Contribution Percentage test is treated as meeting the nondiscrimination test of Section 401(m)(2) of the Code, regardless of whether the Actual Contribution Percentage, if recalculated after such forfeitures, would satisfy
Section 401(m)(2) of the Code. Excess Aggregate Contributions shall be treated as Annual Additions under Section 12(III)(8) of the Plan. 
 14.6 Effective Date: The provisions of this Article XIV are intended to comply with applicable provisions of the final Code Section 401(k) and 401(m) regulations, issued December 29, 2004, and are effective for Plan Years
beginning on or after January 1, 2006. 
  

 69 

 IN WITNESS WHEREOF, the Company has executed these presents as evidenced by the signatures affixed hereto
of its officers hereunto duly authorized, and by its corporate seal being affixed hereto, in a number of copies, all of which shall constitute but one and the same instrument which may be sufficiently evidenced by any such executed copy hereof, this
         day of                     , 2006, but effective as of January 1, 2006.

  

			
	 CABOT OIL & GAS CORPORATION

		
	 By
	 	  

  

			
	 ATTEST:
	 	
		
	  
	 	
	 Secretary
	 	

 [SEAL] 
  

			
	 THE STATE OF TEXAS
	 	§
		 	§
	 COUNTY OF HARRIS
	 	§

 BEFORE ME, the undersigned authority, on this day personally appeared
                                ,
                                 of CABOT OIL & GAS CORPORATION, known to
me to be the person and officer whose name is subscribed to the foregoing instrument, and acknowledged to me that he executed the same as the act of the said CABOT OIL & GAS CORPORATION, a corporation, and that he was duly authorized to
perform the same and that he executed the same as the act and deed of said corporation for the purposes and consideration therein expressed and in the capacity therein stated. 
 GIVEN UNDER MY HAND AND SEAL OF OFFICE this the          day of
                    , 2006. 
  

	
	  

	 Notary Public, State of Texas

  

 70 

 APPENDIX A 
 Vesting of Certain Employees Upon Termination of Employment 
 The following Employees who, upon termination
of employment with the Company, (i) are eligible to receive benefits under the following severance plans and (ii) if required by the applicable severance plan, sign a valid waiver and release shall be fully vested in their benefits under
the Plan. 
 1. Severance Plans 507 through 574 
  

 71Pension Plan of the Company, as amended and restated

 Exhibit 10.23 
 CABOT OIL & GAS CORPORATION PENSION PLAN 
 (As Amended and Restated Effective January 1, 2006)

 Exhibit 10.23 
 CABOT OIL & GAS CORPORATION PENSION PLAN 
 (As Amended and Restated Effective January 1, 2006)

 INDEX 
  

					
	 	  	Page
	 ARTICLE I DEFINITIONS
	  	2
	 1.1
	  	Actuarial Equivalent:	  	2
	 1.2
	  	Actuary:	  	3
	 1.3
	  	Affiliate:	  	3
	 1.4
	  	Annuity Starting Date:	  	3
	 1.5
	  	Anniversary Date:	  	3
	 1.6
	  	Authorized Absence:	  	3
	 1.7
	  	Average Monthly Compensation:	  	3
	 1.8
	  	Board of Directors:	  	3
	 1.9
	  	Code:	  	3
	 1.10
	  	Committee:	  	3
	 1.11
	  	Company:	  	3
	 1.12
	  	Compensation:	  	3
	 1.13
	  	Disability:	  	4
	 1.14
	  	Effective Date	  	4
	 1.15
	  	Employee	  	4
	 1.16
	  	Employer	  	4
	 1.17
	  	ERISA	  	4
	 1.18
	  	Final Average Monthly Compensation	  	5
	 1.19
	  	Grandfathered Employee	  	5
	 1.20
	  	Hour(s) of Service	  	5
	 1.21
	  	Joint Pensioner	  	5
	 1.22
	  	Late Retirement Date	  	6
	 1.23
	  	Leased Employee	  	6
	 1.24
	  	Nongrandfathered Employee	  	6
	 1.25
	  	Normal Retirement Date	  	6
	 1.26
	  	Participant	  	6
	 1.27
	  	Pension	  	6
	 1.28
	  	Plan	  	6
	 1.29
	  	Plan Year	  	6
	 1.30
	  	Prior Plan	  	6
	 1.31
	  	Prior Plan Participant	  	6
	 1.32
	  	Retirement	  	6
	 1.33
	  	Service	  	7
	 1.34
	  	Spouse	  	7
	 1.35
	  	Transferred Participant	  	7
	 1.36
	  	Trustee	  	7
	 1.37
	  	Trust Agreement	  	7
	 1.38
	  	Trust Fund	  	7

  

 -i- 

					
		
	ARTICLE II SERVICE, BREAK IN SERVICE AND SOCIAL SECURITY	  	8
	2.1	  	Service:	  	8
	2.2	  	Authorized Absences	  	9
	2.3	  	Break in Service	  	10
	2.4	  	Participation and Service upon Reemployment Before a Break in Service	  	10
	2.5	  	Participation and Service upon Reemployment After a Break in Service	  	10
	2.6	  	Transfer of Employment	  	11
	2.7	  	Special Eligibility and Vesting for Certain Employees	  	12
	2.8	  	Automatic Grant of Service	  	12
	2.9	  	Qualified Military Service	  	13
		
	ARTICLE III PARTICIPATION IN THE PLAN	  	14
	3.1	  	Employees Eligible to Participate	  	14
	3.2	  	Employees Absent on Date of Eligibility	  	14
		
	ARTICLE IV RETIREMENT ELIGIBILITY	  	15
	4.1	  	Normal Retirement	  	15
	4.2	  	Late Retirement	  	15
	4.3	  	Early Retirement	  	15
	4.4	  	Disability Retirement	  	15
	4.5	  	Deferred Vested Retirement	  	16
	4.6	  	Partial Vesting	  	16
	4.7	  	Special Benefit Eligibility for Certain Employees	  	16
		
	ARTICLE V AMOUNT, DURATION, COMMENCEMENT DATE, FREQUENCY AND LIMITATIONS OF RETIREMENT BENEFITS	  	17
	5.1	  	Normal Retirement Pension	  	17
	5.2	  	Late Retirement Pension	  	19
	5.3	  	Early Retirement Pension	  	19
	5.4	  	Disability Retirement Pension	  	19
	5.5	  	Deferred Vested Retirement Pension	  	20
	5.6	  	Automatic Option and Optional Pensions	  	20
	5.7	  	Duration of Pensions	  	33
	5.8	  	Payment of Small Benefits	  	33
	5.9	  	Waiver of Waiting Period	  	33
	5.10	  	Benefits after Re-employment	  	33
	5.11	  	Minimum Date for Commencement of Benefits	  	34
	5.12	  	Direct Rollovers	  	35
		
	ARTICLE VI DEATH BENEFIT	  	37
	6.1	  	Death While in Service but Prior to Commencement of Pension	  	37
	6.2	  	Death After Retirement but Prior to Commencement of Pension	  	37
	6.3	  	Death After Deferred Vested Retirement but Prior to Commencement of Pension	  	37
	6.4	  	Definition of Spouse	  	37
	6.5	  	Death Benefits Payable Under the Cabot Corporation Cash Balance Plan and Retirement Income Plan	  	38
	6.6	  	Alternate Form of Pension Payment for Spouse	  	38

  

 -ii- 

					
		
	ARTICLE VII CLAIM PROCEDURES	  	39
	7.1	  	Presenting Claims for Benefits	  	39
	7.2	  	Claims Review Procedure	  	41
	7.3	  	Disputed Benefits	  	44
		
	ARTICLE VIII PLAN ADMINISTRATION	  	45
	8.1	  	Allocation of Responsibility Among Fiduciaries for Plan and Trust Administration	  	45
	8.2	  	Appointment of Committee	  	45
	8.3	  	Records and Reports	  	45
	8.4	  	Other Committee Powers and Duties	  	46
	8.5	  	Rules and Decisions	  	47
	8.6	  	Committee Procedures	  	47
	8.7	  	Authorization of Benefit Payments	  	47
	8.8	  	Payment of Expenses	  	47
	8.9	  	Application and Forms for Pension	  	47
	8.10	  	Indemnification of Committee	  	47
	8.11	  	Annual Audit	  	48
	8.12	  	Funding Policy	  	48
	8.13	  	Allocation and Delegation of Committee Responsibilities	  	48
		
	 ARTICLE IX CONTRIBUTIONS TO THE PLAN
	  	49
	 9.1
	  	Participant Contributions	  	49
	 9.2
	  	Employer Contributions	  	49
	 9.3
	  	Discontinuance or Suspension of Contributions	  	49
	 9.4
	  	Forfeitures Credited Against Employer’s Contributions	  	50
		
	 ARTICLE X AMENDMENT OF THE PLAN
	  	51
	 10.1
	  	Right to Amend Reserved	  	51
	 10.2
	  	Limitations on Right to Amend	  	51
	 10.3
	  	Form of Amendment	  	52
	 10.4
	  	Merger of Plan with Another Pension Plan	  	52
		
	 ARTICLE XI THE TRUSTEE AND THE TRUST FUND
	  	53
	 11.1
	  	Trustee	  	53
	 11.2
	  	Trust Agreement	  	53
	 11.3
	  	Benefits Paid Solely from Trust Fund	  	53
	 11.4
	  	Trust Fund Applicable Only to Payment of Benefits	  	53
	 11.5
	  	Accounting by Trustee	  	53
	 11.6
	  	Authorization to Protect Trustee	  	53
	 11.7
	  	Exemption from Bond	  	54
		
	 ARTICLE XII TERMINATION OF THE PLAN
	  	55
	 12.1
	  	Right to Terminate Reserved	  	55
	 12.2
	  	Continuance with Successor Employer	  	55
	 12.3
	  	Liquidation of Trust Fund	  	55
	 12.4
	  	Distribution of Trust Fund	  	57
	 12.5
	  	Residual Amounts	  	58
	 12.6
	  	Limitations Imposed by Treasury Regulations upon Early Termination of Plan	  	58

  

 -iii- 

					
		
	 ARTICLE XIII ADOPTION OF PLAN BY OTHER ORGANIZATIONS
	  	60
	 13.1
	  	Procedure for Adoption	  	60
	 13.2
	  	Effect of Adoption	  	60
	 13.3
	  	The transfer of a Participant from one Employer to another or to an Affiliate shall not be deemed a termination of Service.	  	60
	 13.4
	  	Separation of the Trust Fund	  	61
	 13.5
	  	Voluntary Separation	  	61
	 13.6
	  	Approval of Amendment	  	61
		
	 ARTICLE XIV MISCELLANEOUS
	  	62
	 14.1
	  	Interest on Deferred Payments	  	62
	 14.2
	  	Plan Not an Employment Contract	  	62
	 14.3
	  	Controlling Law	  	62
	 14.4
	  	Invalidity of Particular Provisions	  	62
	 14.5
	  	Non-Alienability of Rights of Participants	  	62
	 14.6
	  	Copy Available to Participants	  	63
	 14.7
	  	Evidence Furnished Conclusive	  	63
	 14.8
	  	Unclaimed Benefits	  	63
	 14.9
	  	Name and Address Changes	  	63
	 14.10
	  	Facility of Payment	  	63
	 14.11
	  	Payments in Satisfaction of Claims of Participants	  	64
	 14.12
	  	Headings for Convenience Only	  	64
		
	 ARTICLE XV LIMITATION ON BENEFITS
	  	65
	 I.
	  	Single Defined Benefit Plan	  	65
	 II.
	  	Two or More Defined Benefit Plans	  	67
	 III.
	  	Definitions	  	67
		
	 ARTICLE XVI TOP-HEAVY PLAN REQUIREMENTS
	  	69
	 16.1
	  	General Rule	  	69
	 16.2
	  	Vesting Provisions	  	69
	 16.3
	  	Minimum Benefit Provisions	  	69
	 16.4
	  	Limitation on Compensation	  	70
	 16.5
	  	Coordination With Other Plans	  	70
	 16.6
	  	Distributions to Certain Key Employees	  	70
	 16.7
	  	Determination of Top-Heavy Status	  	70

  

 -iv- 

 CABOT OIL & GAS CORPORATION PENSION PLAN 
 (As Amended and Restated Effective January 1, 2006) 
 Effective as of
January 1, 1991, Cabot Oil & Gas Corporation, a Delaware corporation (the “Company”), established the Cabot Oil & Gas Corporation Pension Plan (the “Prior Plan”) for the benefit of its eligible employees
and the eligible employees of its affiliates that adopted the Plan. The Prior Plan was subsequently amended by the First through Fifth Amendments thereto. 
 In connection with the establishment of the Prior Plan, the Company established the Cabot Oil & Gas Corporation Pension Plan Trust by agreement between the Company and NCNB Texas National Bank, a national
banking association (the “Trust”). NCNB Texas National Bank was thereafter replaced by Bankers’ Trust and then Harris Trust and Savings Bank, respectively, as party to the Trust. Effective as of February 1, 2005, the Trust was
amended and restated with Fidelity Management Trust Company as trustee thereunder. The Trust is intended to constitute a part of the Prior Plan and to continue in effect to form a part of this Plan. 
 Effective January 1, 2001, the Board of Directors of the Company authorized the amendment and restatement of the Prior Plan to incorporate the prior
amendments, to incorporate changes required by certain legislative acts, and to make certain other changes. 
 Effective as of
January 1, 2006, the Board of Directors of the Company authorized the amendment and restatement of the Prior Plan in order to incorporate all prior amendments thereto, including previously adopted good faith compliance amendments to reflect
applicable law changes under the Economic Growth and Tax Relief Reconciliation Act of 2001 (the “Plan”) and to incorporate the applicable changes as required on the 2005 Cumulative List provided in Notice 2005-101. 
 There shall be no termination and no gap or lapse in time or effect between the Prior Plan as in effect on December 31, 2005, and this Plan, and the
existence of a qualified pension plan shall be uninterrupted. 
 The Plan and Trust are intended to meet the requirements of
Sections 401(a) and 501(a) of the Internal Revenue Code of 1986 and of the Employee Retirement Income Security Act of 1974, as either may be amended from time to time. 
 NOW, THEREFORE, the Company hereby amends, restates in its entirety and continues the Cabot Oil & Gas Corporation Pension Plan, effective
January 1, 2006, as follows: 
  

 -1- 

 ARTICLE I 
 DEFINITIONS 
 As used in this Plan the terms defined in this Article I shall have the meanings
set forth herein, unless their context clearly indicates to the contrary: 
 1.1 Actuarial Equivalent: With respect to any benefit
hereunder, a payment or payments equal in value at date of determination to such benefit when determined actuarially on the basis of an eight percent (8%) interest assumption compounded annually and the Unisex Pension 1984 Mortality Table. For
purposes of calculating lump sums under Section 5.8, the Applicable Interest Rate and Applicable Mortality Table shall be utilized. 
 (a) Applicable Interest Rate: The annual rate of interest on 30-year Treasury securities for the month of November that immediately precedes the first day of the calendar year during which the Annuity Starting
Date occurs. 
 (b) Applicable Mortality Table: The table prescribed by the Secretary of Treasury pursuant to
Section 417(e)(3) of the Code. 
 Notwithstanding any other provision of this Plan to the contrary, effective for annuity starting dates
on or after January 1, 2003, the Applicable Mortality Table is the table prescribed in Revenue Ruling 2001-62. 
 The foregoing
notwithstanding, effective as of October 1, 2004, Actuarially Equivalent for benefit payments, except where specifically noted in regard to the benefits payable to Participants who are listed in Exhibit I due to participation under the Cabot
Corporation Cash Balance Plan and only for those benefits, will be determined for the value of benefit payments using (i) the 8% interest rate and Unisex Pension 1984 Mortality Table for non-lump sum benefits or (ii) the Applicable
Interest Rate and Applicable Mortality Table as defined in (a) and (b) below, whichever produces the greater benefit. 
 For the
benefits payable to Participants listed in Exhibit I and only for those benefits, Actuarially Equivalent will be determined for the value of benefit payments using (i) the calculation provided in Section 5.6(b)(2) herein or (ii) the
Applicable Interest Rate and Applicable Mortality Table as defined in (a) and (b) below, whichever produces the greater benefit. 
 (a) Applicable Interest Rate: For a Plan Year, the “applicable interest rate” as defined by Section 417(e)(3) of the Code for the month of November that immediately precedes the first day of the
calendar year during which the Annuity Starting Date occurs. 
 (b) Applicable Mortality Table: The table prescribed by
the Secretary of Treasury pursuant to Section 417(e)(3) of the Code. 
 1.2 Actuary: The independent actuary or firm of actuaries
approved by the Joint Board for the Enrollment of Actuaries to perform actuarial services required under ERISA or regulations thereunder which has been appointed by the Company to make the actuarial computations required under the Plan. 

 

 -2- 

 1.3 Affiliate: A corporation or other trade or business which is not an Employer under this Plan
but which, together with the Company, is “under common control” within the meaning of Code Section 414(b) or (c), as modified by Code Section 415(h); any organization (whether or not incorporated) which, together with the
Company, is a member of an “affiliated service group” within the meaning of Code Section 414(m); and any other entity required to be aggregated with the Company pursuant to regulations under Code Section 414(o). 
 1.4 Annuity Starting Date: The applicable of the Participant’s Early Retirement Date, Normal Retirement Date or the first day of the month
next following his actual termination of Service, if later, or in the case of a benefit not payable in the form of an annuity, the first day on which all events have occurred which entitle the Participant to such benefit. 
 1.5 Anniversary Date: October 1 of each year. 
 1.6 Authorized Absence: Any absence authorized by the Employer or an Affiliate under the Employer’s or Affiliate’s standard personnel practices, provided that all persons under similar circumstances
are treated alike in the granting of such Authorized Leaves of Absence and provided further that the Participant returns within the period of authorized absence. 
 1.7 Average Monthly Compensation: The result obtained by dividing the total Compensation paid to an Employee during a considered period by the number of months, including fractional months, for which such
Compensation was received. The considered period shall be the five (5) consecutive completed years of Service within the Employee’s last ten (10) consecutive completed years of Service which yield the highest average; provided,
however, that if an Employee has fewer than five (5) consecutive completed years of Service for which Compensation was received, his considered period shall be all his years, including fractional years, for which Compensation was received. Any
period of Service for which an Employee is not compensated shall be excluded from the above computation. 
 1.8 Board of Directors:
The Board of Directors of Cabot Oil & Gas Corporation. 
 1.9 Code: The Internal Revenue Code of 1986, as amended.

 1.10 Committee: The Administrative Committee appointed under and acting in accordance with the terms of the Plan. 
 1.11 Company: Cabot Oil & Gas Corporation, a Delaware corporation, and its successor or successors. 
 1.12 Compensation: The total nondeferred remuneration paid to an Employee by an Employer and, prior to January 1, 1991, by Cabot Corporation,
for personal services which are rendered during the period considered as Service, as reported on the Participant’s Federal Income Tax Withholding Statement (Form W-2 or its subsequent equivalent) including salary, wages, overtime payments,
annual, discretionary and sign-on bonuses, and any amounts by which an Employee’s normal remuneration is reduced pursuant to a voluntary salary reduction plan under 

  

 -3- 

 
Section 125 or 401(k) of the Code, but excluding any amounts contributed by or on behalf of an Employer to this Plan or any other employee benefit plan
sponsored by the Employer, nondeductible moving expenses, disability pay (both short-term and long-term), severance pay (whether periodic or in a lump sum), any income arising from the exercise of a stock option or from the receipt of a restricted
stock award, waiver benefits, taxable group term life insurance benefits, reimbursements, expense allowances, taxable fringe benefit payments, retention and relocation bonuses, and deductible payments under Code Section 105(h). The Compensation
of an Employee as reflected on the books and records of the Employer shall be conclusive. 
 Notwithstanding any other provision of the Plan
to the contrary, the Compensation of each Employee taken into account under the Plan shall not exceed $220,000, as adjusted by the Commissioner for increases in the cost of living in accordance with Section 401(a)(17)(B) of the Internal Revenue
Code; provided, however, that an Employee’s Compensation for determination periods before January 1, 2006 shall not exceed the applicable dollar limit previously in effect under the Plan in such prior determination periods. The
cost-of-living adjustment in effect for a calendar year applies to any period, not exceeding 12 months, over which Compensation is determined (determination period) beginning in such calendar year. If a determination period consists of fewer than 12
months, the Compensation limit will be multiplied by a fraction, the numerator of which is the number of months in the determination period, and the denominator of which is 12. If Compensation for any prior determination period is taken into account
in determining an Employee’s benefits accruing in the current Plan Year, the Compensation for that prior determination period is subject to the Compensation limit in effect for that prior determination period. 
 1.13 Disability: A physical or mental disability which prevents a Participant from engaging in any substantial gainful activity and which can be
expected to result in death or to be of long continued and indefinite duration. The determination of whether a Participant has a Disability shall be determined according to the following: (i) for Participants who are also participants in the
Cabot Oil & Gas Long Term Disability Plan (“Cabot LTD Plan”) at time of their claim of Disability, by the Cabot LTD Plan; or (ii) for Participants who do not participate in the Cabot LTD Plan at the time of their claim of
Disability, by the Committee, upon the advice of competent physicians of the Committee’s selection. 
 1.14 Effective Date:
January 1, 2006. 
 1.15 Employee: Any person employed by an Employer. 
 1.16 Employer: The Company, and any other entity that shall adopt this Plan pursuant to the provisions of Article XIV hereof, and the
successors, if any, to such entity. 
 1.17 ERISA: Public Law No. 93-406, the Employee Retirement Income Security Act of 1974, as
amended from time to time. 
 1.18 Final Average Monthly Compensation: A Participant’s Average Monthly Compensation as determined
immediately prior to his final termination of employment with all Employers or Affiliates. 
  

 -4- 

 1.19 Grandfathered Employee: An Employee who was a member of the Cabot Corporation Retirement
Income Plan as of September 30, 1988 and had (a) 10 (ten) or more years of Vesting Service or (b) 5 (five) or more years of Vesting Service and his age plus years of Vesting Service equaled 50 (fifty) or more. 
 1.20 Hour(s) of Service: For purposes of determining eligibility and vesting, an Hour of Service is each hour during an applicable computation
period for which an Employee is directly or indirectly paid, or entitled to payment, by an Employer or an Affiliate for the performance of duties or for any period of Authorized Leave of Absence. Moreover, an Hour of Service is each hour, not in
excess of forty (40) hours per week, during any period of unpaid Authorized Leave of Absence with an Employer or an Affiliate. Such Hours of Service shall be credited to the Employee for the computation period in which such duties were
performed or in which such Authorized Leave of Absence occurred. An Hour of Service also includes each hour, not credited above, for which back pay, irrespective of mitigation of damages, has been either awarded or agreed to by an Employer or an
Affiliate. These Hours of Service shall be credited to the Employee for the computation period to which the award or agreement pertains rather than the computation period in which the award, agreement or payment is made. In determining an
Employee’s total Hours of Service during a computation period, a fraction of an hour shall be deemed a full Hour of Service. 
 Instead
of counting and crediting actual hours worked, for purposes of determining the number of Hours of Service to be credited to an Employee, an Employee may be credited with 190 Hours of Service for each calendar month during which he has earned one
Hour of Service. For purposes of determining the number of Hours of Service to be credited for reasons other than the performance of duties and for purposes of determining to which computation period Hours of Service earned under any provision of
this Plan are to be credited, the provisions of Department of Labor Regulation Section 2520.200(b)-2(b) and (c) are hereby incorporated by reference as if fully set forth herein. 
 Hours of Service will be credited for employment with other members of an affiliated service group (under Code Section 414(m)), a controlled group
of corporations (under Code Section 414(b)), or a group of trades or businesses under common control (under Code Section 414(c)), of which the Company is a member. Hours of Service will also be credited for any individual considered an
employee under Code Section 414(n). However, unless otherwise specifically provided, Hours of Service shall not be credited for employment with such an affiliated service group, a controlled group, or a group of trades or businesses prior to
its becoming or after its ceasing to be a member of the Company’s affiliated service group, controlled group, or group of trades or businesses. 
 1.21 Joint Pensioner: The individual designated by a Participant who has elected an optional pension to receive Pension payments payable following the Participant’s death after Retirement, as provided in
paragraph B of Section 5.6. 
 1.22 Late Retirement Date: The first day of the month coincident with or next following the
Participant’s Retirement after his Normal Retirement Date. 
  

 -5- 

 1.23 Leased Employee: Each person who is not an employee of the Employer or an Affiliate but who
performs services for the Employer or an Affiliate pursuant to a leasing agreement (oral or written) between the Employer or an Affiliate and any leasing organization, provided that such person has performed such services for the Employer or an
Affiliate or for related persons (within the meaning of Section 144(a)(3) of the Code) on a substantially full-time basis for a period of at least one year and such services are performed under primary direction or control by the Employer or an
Affiliate. Notwithstanding the preceding sentence, the term “Leased Employee” shall not include any individual who is deemed to be an employee of the Employer or an Affiliate under Section 414(n)(5) of the Code. 
 1.24 Nongrandfathered Employee: Any Employee who is not a Grandfathered Employee. 
 1.25 Normal Retirement Date: The later of (i) the first day of the month coincident with or next following the Participant’s attainment
of age sixty-five (65) and (ii) the completion of five (5) years of Service. Notwithstanding anything herein to the contrary, a Participant’s right to his accrued Normal Retirement Pension shall become fully vested and
nonforfeitable upon his being in Service on or after the later to occur of his attainment of age 65 or the fifth anniversary of his becoming a Participant in the Plan. 
 1.26 Participant: Any Employee who has become and continues to be a participant in the Plan in accordance with its provisions. The term “Participant” shall also include Transferred Participants unless
otherwise specifically excluded. 
 1.27 Pension: A series of monthly payments which are payable to a person entitled to receive
benefits under the Plan. 
 1.28 Plan: The Cabot Oil & Gas Corporation Pension Plan, as amended and restated effective
January 1, 2006, and as the same may be amended. 
 1.29 Plan Year: The fiscal year of the Plan beginning October 1 of each
calendar year and ending September 30 of the following calendar year. 
 1.30 Prior Plan: The Cabot Oil & Gas
Corporation Pension Plan as in effect on December 31, 2005. 
 1.31 Prior Plan Participant: Any person who is an Employee on
January 1, 2006, and was, on December 31, 2005, included in and covered by the Prior Plan, or who is, on January 1, 2006 receiving or entitled to receive benefits under the Prior Plan. 
 1.32 Retirement: The termination of Service of a Participant after he has fulfilled all requirements for an immediate Pension hereunder.
Retirement shall be considered as commencing on the day immediately following a Participant’s last day of Service. 
 1.33
Service: A Participant’s period of employment or deemed employment determined in accordance with Article II. 
 1.34
Spouse: The person to whom a Participant is legally married. 
  

 -6- 

 1.35 Transferred Participant: An Employee shall be deemed a Transferred Participant during any
period in which he is or was employed by an Affiliate or by an Employer in an employment classification not covered by this Plan. 
 1.36
Trustee: The Trustee at any time acting under the Trust Agreement. 
 1.37 Trust Agreement: The Trust Agreement provided for in
Section 11.2 hereof, and as the same may be amended. 
 1.38 Trust Fund: The assets held by the Trustee under the Trust Agreement
for the benefit of the Participants of the Prior Plan and this Plan, together with all income, profits and increments thereon. 
 Words used
in this Plan and in the Trust Agreement in the singular shall include the plural and in the plural the singular, and the gender of words used shall be construed to include whichever gender may be appropriate under any particular circumstances.

  

 -7- 

 ARTICLE II 
 SERVICE, BREAK IN SERVICE AND SOCIAL SECURITY 
 2.1 Service: 
 (a) Eligibility and Vesting: For purposes of determining Eligibility Service and Vesting Service, an Employee shall accrue a year
of Service for each Plan Year in which he has 1,000 or more Hours of Service subject to the Break in Service provisions of Sections 2.3, 2.4 and 2.5. Solely for eligibility purposes, an Employee’s initial year of Eligibility Service shall
be the twelve (12) consecutive months beginning with his employment commencement date (or his reemployment commencement date if he is reemployed after a one-year Break in Service). If such Employee fails to complete 1,000 or more Hours of
Service during such twelve (12) consecutive months, subsequent years of Eligibility Service shall be Plan Years beginning with the Plan Year which includes the anniversary of the Employee’s employment commencement date. Solely for vesting
purposes, an Employee shall accrue a year of Vesting Service for each twelve (12) consecutive months beginning with the employment commencement date (or his reemployment commencement date if he is reemployed after a one-year Break in Service)
during which the Employee completes at least 1,000 Hours of Service. An Employee’s or Participant’s Service shall commence (or recommence) on the date such Employee or Participant first performs an Hour of Service. 
 Solely for purposes of determining whether a Break in Service has occurred for purposes of determining Eligibility Service and Vesting, an
individual who is absent from work for maternity or paternity reasons shall receive credit for the Hours of Service which would otherwise have been credited to such individual but for such absence or, in any case in which such hours cannot be
determined, eight (8) Hours of Service per day of such absence except that the total number of hours treated as Hours of Service shall not exceed 501 hours. For purposes of this paragraph, an absence from work for maternity or paternity reasons
means an absence (a) by reason of the pregnancy of the individual, (b) by reason of a birth of a child of the individual, (c) by reason of the placement of a child with the individual in connection with the adoption of the child by
such individual or (d) for purposes of caring for such child for a period beginning immediately following such birth or placement. The Hours of Service credited under this paragraph shall be credited (a) in the computation period in which
the absence begins if the crediting is necessary to prevent a Break in Service in that period or (b) in all other cases, in the following computation period. 
 (b) Benefit Service: For purposes of determining Benefit Service, an Employee shall be credited with Service for all years, months
and days of active employment as an Employee or a Participant, plus periods included under Sections 2.2, 2.3, 2.4 or 2.5. Benefit Service shall also include a Participant’s years of Service with Cabot Corporation prior to January 1,
1991. If the 

  

 -8- 

 
Participant completes less than a full year of Service during the Plan Year, he will be given credit for one-twelfth ( 1/12) of a year of Benefit Service for each month completed during the Plan Year. 
 An Employee’s or Participant’s Service shall commence (or recommence) on the date such Employee or Participant first performs an
Hour of Service. A period of Service of an Employee or Participant shall terminate upon the first to occur of (i) his retirement or death, (ii) his quitting or discharge other than during or upon expiration of an Authorized Absence,
(iii) his quitting or discharge during such an Authorized Absence, (iv) his deemed date of termination of employment pursuant to his failure to return to active employment upon the expiration of an Authorized Absence or (v) one
(1) year from the date the Employee is absent from active employment for any reason other than Retirement, quit, discharge, Authorized Absence or death. For purposes of clause (iv) immediately above, a Participant’s deemed date of
termination of employment shall be the earlier of (a) the expiration date of such Authorized Absence and (b) one (1) year from the date such Authorized Absence commenced. In the event a Participant’s employment is terminated
because of Disability, such Participant’s Service shall continue for the entire period from the date of such Disability to the earlier of (i) the Participant’s date of recovery or death or (ii) the Participant’s Normal
Retirement Date. Unless a period of Service can be disregarded under the Break in Service provisions of Sections 2.3, 2.4 or 2.5 hereof, all periods of Service shall be aggregated so that a one-year period of Service shall be completed as of
the date an Employee or Participant completes three hundred sixty-five (365) days of Service. 
 Solely for purposes of
determining whether a Break in Service, as defined in Section 2.3, for purposes of determining Benefit Service has occurred, the Service of an individual who is absent from Service beyond the first anniversary of the first date of absence for
maternity or paternity reasons shall not terminate until the expiration of two (2) years after the first date such absence commenced. For purposes of this paragraph, an absence from work for maternity or paternity reasons means an absence
(a) by reason of the pregnancy of the individual, (b) by reason of the birth of a child of the individual, (c) by reason of the placement of a child with the individual in connection with the adoption of such child by such individual
or (d) for purposes of caring for such child for a period beginning immediately following such birth or placement. 
 2.2 Authorized
Absences: Service shall include and shall not be interrupted by Authorized Absences. The Employee or Participant shall be credited with Service during a period of Authorized Absence, as described below. Authorized Absences shall include the
following periods of absence: 
 (a) Absence due to accident or sickness so long as the Employee or Participant is continued
on the employment rolls of the Employer or Affiliate and remains eligible to return to work upon his recovery; 
  

 -9- 

 (b) Absence due to membership in the Armed Forces of the United States (but if such
absence is not pursuant to orders issued by the Armed Forces of the United States, only if with the consent of the Employer) but only if, and then only to the extent that, applicable federal law requires such military service to be counted as
Service hereunder and only if the Employee or Participant has complied with all prerequisites of such federal law; and 
 (c)
Absence due to an authorized leave of absence granted by an Employer or Affiliate pursuant to established practices applied in a consistent and non-discriminatory manner, in order that all employees under similar circumstances are treated alike,
provided that each such Employee or Participant shall, prior to the expiration of such leave, apply for reinstatement in the employment of the Employer or Affiliate. 
 2.3 Break in Service: An Employee shall incur a one-year Break in Service in any Plan Year during which he does not complete more than 500 Hours of Service. In the event an Employee or Participant recommences
Service with an Employer or an Affiliate prior to incurring a Break in Service, the period of his interim absence shall constitute Service for purposes of the Plan. 
 2.4 Participation and Service upon Reemployment Before a Break in Service: Upon the reemployment before a Break in Service of any person who had previously been employed by an Employer or Affiliate, the
following rules shall apply. If the reemployed person was not a Participant during his prior period of Service, he must meet the requirements of Section 3.1 for participation in the Plan as if he were a new Employee; provided, however, for the
purpose of determining whether an Employee meets the requirements of Section 3.1, Hours of Service during his prior period of employment and the period of his interim absence shall be recognized. If the reemployed person was a Participant in
the Plan during his prior period of Service, he shall be entitled to recommence participation as of the date of his reemployment, all years of Vesting Service and Benefit Service attributable to his prior period of Service shall be reinstated as of
the date of his reemployment and the period of his interim absence shall constitute Vesting Service but not Benefit Service. 
 2.5
Participation and Service upon Reemployment After a Break in Service: Upon the reemployment after a Break in Service of any person who had previously been employed by an Employer or Affiliate, the following rules shall apply in determining
his eligibility for participation and his Service: 
 (a) Eligibility Service: If an Employee was not a Participant
during his pre-break Service, he must meet the requirements of Section 3.1 for participation in the Plan as if he were a new Employee and Hours of Service during his prior period of employment shall be considered in determining whether he meets
these requirements. If the reemployed person was a Participant during his prior period of employment, he shall be entitled to recommence participation as of the date of his reemployment, provided he completes one year of Service after the date of
his reemployment. 
  

 -10- 

 (b) Vesting and Benefit Service: If the reemployed person was not a Participant
during his prior period of employment or was a Participant whose prior Service terminated without entitlement to a Pension, any Vesting Service and Benefit Service attributable to his prior period of employment shall be reinstated as of the date of
his recommencement of participation only if the number of consecutive one-year Breaks in Service is less than the greater of five (5) or the aggregate number of his years of pre-break Service. If the re-employed person was a Participant whose
pre-break Service terminated with entitlement to a Pension, all years of Vesting Service and Benefit Service attributable to his prior period of employment shall be reinstated upon his recommencing participation in the Plan. 
 2.6 Transfer of Employment: In the event that a Participant is transferred from an employment classification with an Employer that is covered by
this Plan to (i) an employment classification with the same Employer or with another Employer that is not covered by this Plan or (ii) employment with an Affiliate, such Participant shall retain all the benefits accrued to him under this
Plan prior to the date of transfer and shall retain such benefits until his subsequent retirement or other termination of employment with an Employer or any Affiliate. Such Participant shall also continue to accrue Vesting Service for all periods of
employment with an Employer not covered by this Plan or with an Affiliate. 
 In the event that an individual is transferred from (i) an
employment classification with an Employer that is not covered by this Plan to an employment classification with the same Employer or another Employer that is covered by this Plan or (ii) employment with an Affiliate to an employment
classification with an Employer that is covered by this Plan, such individual shall retain his credited service and all benefits accrued to him under the retirement plan, if any, covering his employment prior to that date of the transfer; provided,
however, that for purposes of this Plan such employment prior to the date of transfer shall not constitute Benefit Service (except as provided in Section 2.1(b) hereof) and shall be considered only for purposes of determining his eligibility to
participate in, and his vested interest under, this Plan. After the date of such transfer such individual shall accrue the benefits specified under this Plan provided he is otherwise eligible therefor. 
 It is intended by this Section 2.6 to credit an individual or Participant with Service for eligibility purposes, if applicable, and with Vesting
Service for vesting purposes during all periods of employment while in a Transferred Participant status and all such Service and such Vesting Service shall be determined as though such employment while in a Transferred Participant status were
employment by an Employer covered by this Plan. 
 All benefits accrued under this Plan and under any other retirement plan covering
Employees of an Employer or of an Affiliate that are payable to a Participant shall be paid from the funding medium of the plan under which the Participant was last an active member if permitted under such plan; provided, however, that the funding
medium for such plan shall be reimbursed by the funding medium of the other plan or plans for such benefits paid which were not accrued under the plan making the payments. Such amounts to be reimbursed shall be agreed upon by the plan administrator
for each such plan, and each such plan administrator shall authorize the appropriate trustee to pay or receive the agreed upon amount. 
  

 -11- 

 Notwithstanding any other provision in this Plan to the contrary, there shall be no duplication of
Pensions payable under this Plan and pensions or other retirement benefits payable under any other defined benefit pension plan of an Employer or Affiliate, and any pension or retirement benefit payable to any Participant under any other defined
benefit pension plan of an Employer or Affiliate based on a period of Service for which Benefit Service is given under this Plan shall be deducted from the total Pension otherwise payable to such Participant under this Plan. A transfer of employment
of a Participant (excluding a Transferred Participant) from one Employer to another Employer in an employment classification covered by this Plan shall not affect a Participant’s Eligibility Service, Vesting Service or Benefit Service. Unless
specifically provided in this Plan to the contrary, Service shall not be credited for employment with an affiliated service group, controlled group or group of trades or businesses prior to its becoming or after its ceasing to be a member of the
Company’s affiliated service group, controlled group or group of trades or businesses or for any period during which the Employer or Affiliate does not maintain this Plan. 
 2.7 Special Eligibility and Vesting for Certain Employees: Effective on the dates provided below, the employees acquired as a result of the
acquisition of certain assets of or merger with the following companies (the “Acquired Companies”) shall automatically become Participants of this Plan subject to the eligibility requirements under Article III. Any period of employment
immediately prior to the effective date of the acquisition with an Acquired Company or an affiliate of an Acquired Company shall be considered for purposes of determining a Participant’s Eligibility Service and Vesting Service under this Plan
to the extent such employment otherwise qualifies under the relevant provisions of the Plan, but in no event shall any such period of employment constitute Benefit Service under this Plan: 
  

			
	 Acquired Company
	  	Effective Date
	 Doran & Associates, Inc.
	  	March 1, 1989
	 Emax Oil Company
	  	October 1, 1993
	 Washington Energy Resources Company
	  	May 3, 1994
	 Oryx Energy Company
	  	December 30, 1998
	 Cody Energy LLC
	  	August 17, 2001

 2.8 Automatic Grant of Service: All employees who become employed by the Company as a
result of an acquisition of or merger with an employer not affiliated with the Company (“Acquired Company”) shall be credited with service with the Acquired Company immediately prior to the acquisition for purposes of eligibility and
vesting hereunder. 
 2.9 Qualified Military Service: Notwithstanding any provisions of this Plan to the contrary, contributions,
benefits and service credit with respect to qualified military service will be provided in accordance with Section 414(u) of the Code. 
  

 -12- 

 ARTICLE III 
 PARTICIPATION IN THE PLAN 
 3.1 Employees Eligible to Participate: Each Prior Plan Participant
shall become a Participant in the Plan as of the Effective Date. Each other Employee shall participate in the Plan commencing on the first day of the month coincident with or next following his completion of one year of Eligibility Service.

 Notwithstanding anything to the contrary in this Plan, the following Employees shall not be eligible to participate in the Plan:
(i) Leased Employees, (ii) employees covered by a collective bargaining agreement between employee representatives and the Employer, if there is evidence that retirement benefits were the subject of good faith bargaining between such
employee representatives and the Employer and such collective bargaining agreement does not expressly provide for coverage of such employees hereunder, (iii) persons who are non-resident aliens and who receive no earned income (within the
meaning of Code Section 911) from the Employer which constitutes income from sources within the United States (within the meaning of Code Section 861), and (iv) persons who are utility employees (as herein defined). For purposes of
this Plan, a utility employee is an employee who is hired in a utility position. A utility position is (i) a position which is expected by the respective Employer or Affiliate to be of limited duration or (ii) for a particular project upon
the conclusion of which the employee is expected by the respective Employer or Affiliate to be terminated. 
 3.2 Employees Absent on Date
of Eligibility: Any Employee who is on an Authorized Absence on his eligibility date shall automatically become a Participant as of such eligibility date. 
  

 -13- 

 ARTICLE IV 
 RETIREMENT ELIGIBILITY 
 4.1 Normal Retirement: A Participant who retires on his Normal
Retirement Date shall be entitled to receive the Normal Retirement Pension provided for in Section 5.1 commencing on his Annuity Starting Date. 
 4.2 Late Retirement: A Participant who remains in the active Service of the Employer beyond his Normal Retirement Date and who retires on his Late Retirement Date shall be entitled to receive the Late
Retirement Pension provided for in Section 5.2 commencing on his Annuity Starting Date. 
 4.3 Early Retirement: A
Participant’s Early Retirement Date is the first day of the month following his termination of Service after the Participant has completed at least ten (10) years of Vesting Service and has attained age fifty-five (55) but not age
sixty-five (65). A Participant who retires on an Early Retirement Date shall be entitled to receive the Early Retirement Pension provided for in Section 5.3 commencing on his Annuity Starting Date. 
 4.4 Disability Retirement: A Participant who shall terminate his Service because of Disability after completion of five (5) years of Vesting
Service but prior to his Normal Retirement Date, and who shall be eligible for and receive disability benefits under the Federal Social Security Act (after the waiting period required in such Act) continuously until he attains age sixty-five (65),
shall be entitled to receive the Disability Retirement Pension provided for in Section 5.4; provided, however, that any Employee who is entitled to an Early Retirement Pension and who has elected to receive payment of such Early Retirement
Pension prior to his Normal Retirement Date under Section 5.3 hereof shall not be eligible for a Disability Retirement Pension. 
 The
Disability of any Participant shall be determined by the Committee in accordance with uniform principles consistently applied upon the basis of such medical or other evidence as the Committee deems necessary or desirable. Disability shall be
considered to have ended if, prior to his Normal Retirement Date, the Participant (i) engages in any substantial gainful employment, except for such employment as is found by the Committee to be for the primary purpose of rehabilitation or not
incompatible with a finding of total and permanent disability, (ii) has sufficiently recovered, based on a medical examination by a physician of the Committee’s selection, to be able to engage in regular full-time employment with any
employer, or (iii) refuses to undergo any medical examination requested by the Committee, provided that a medical examination shall not be required more frequently than twice in any calendar year. 
 If the Disability of a Participant is considered to have ended as described above prior to his attaining age sixty-five (65) and he is not
reemployed by the Employer, his Accrued Pension (as defined in Section 5.1) payable at age sixty-five (65) will be recalculated to reflect Service only to the date of recovery. 
 If the Disability of a Participant is considered to have ended as described above prior to his attaining age sixty-five (65) and he is reemployed by
the Employer, he will immediately become a Participant and will be granted Benefit Service for the period of Disability. 
  

 -14- 

 4.5 Deferred Vested Retirement: A Participant who has completed five (5) years of Vesting
Service, whose Service is terminated for any reason other than Disability, Normal, Late or Early Retirement, or death, shall be entitled to receive a Deferred Vested Retirement Pension as provided for in Section 5.5. 
 Each Participant whose Service is terminated other than by Disability, Normal, Late or Early Retirement or death prior to the time he has met the
requirements for a Deferred Vested Retirement Pension set forth above in this Section 4.5 shall not be entitled to any benefit under this Plan whatsoever. A Participant who terminates Service without entitlement to a benefit shall be deemed to
have received the full amount of his benefit pursuant to Section 1.411(a)-7(d) of the Treasury regulations. 
 If a terminated
Participant is subsequently reemployed by the Employer, any Accrued Pension amounts received as of and during his termination shall become a permanent reduction to any Accrued Pension payable under the Plan upon any subsequent termination,
Retirement, Disability or death. 
 4.6 Partial Vesting: Any Employee or Participant who, as of December 31, 1990, was partially
vested under the Cabot Corporation Cash Balance Plan will be vested in his benefits under this Plan to the same extent he would have been vested under the Cabot Corporation Cash Balance Plan, except that any Employee or Participant who completes a
total of five (5) years of Vesting Service shall be one hundred percent (100%) vested in his benefits under this Plan. 
 4.7
Special Benefit Eligibility for Certain Employees: Certain Employees of the Company who attain age 52 on or before March 31, 1995 and who, on or before October 1, 1994, had two or more years of Vesting Service, as determined
under Section 2.1 of the Plan, will be eligible to participate in the Cabot Oil & Gas Corporation “3 + 3” Program (the “Program”). An eligible Employee who (i) receives a letter on or before February 28,
1995 informing the Employee of his eligibility for the Program, (ii) who makes an election to participate in the Program within 30 days after receiving such letter and (iii) who does not revoke the election during such 30 day period will
terminate Service effective April 1, 1995 unless requested by the Company to continue employment for an additional period of time. Upon finalizing such irrevocable election, each Program participant shall be entitled, as of March 31, 1995,
to have three years added to his age for purposes of determining the amount of any applicable reduction for commencement of payments and eligibility for early retirement, three additional years credited to his Benefit Service and Vesting Service as
of such date and, solely for purposes of calculating the participant’s Normal Retirement Pension under Section 5.1 of this Plan, the Program participant’s Compensation as of December 31, 1994 applied as the Program
participant’s Compensation for such additional years of Service. 
  

 -15- 

 ARTICLE V 
 AMOUNT, DURATION, COMMENCEMENT DATE, 
 FREQUENCY AND LIMITATIONS OF RETIREMENT BENEFITS 
 5.1 Normal Retirement Pension: A Participant who terminates his Service on or after the Effective Date and after qualifying for a Normal
Retirement Pension under Section 4.1 shall be entitled to receive from the Trust Fund a Normal Retirement Pension for his lifetime, which shall be in an amount equal to the applicable of the following: 
 (a) Each Participant who is a Nongrandfathered Employee shall receive a monthly amount equal to the sum of the following: 
 (1) 1.1% of the Participant’s Final Average Monthly Compensation multiplied by the number of full and fractional years of Benefit
Service earned; plus 
 (2) 0.4% of the Participant’s Final Average Monthly
Compensation in excess of  1/12 of the Participant’s Social Security Covered Compensation (as hereinafter
defined) multiplied by the number of full and fractional years of Benefit Service earned (up to 35 years); minus 
 (3) The monthly benefit payable at age 65 under the Cabot Corporation Cash Balance Plan as determined in Section 5.6(b)(2)(ii), and the accrued benefit earned under the Cabot Corporation Retirement Income Plan as of September 30,
1988 as guaranteed by the Prudential Insurance Company (as detailed in Exhibit II, a copy of which is attached hereto and is hereby incorporated into this Plan). 
 (b) Each Participant who is a Grandfathered Employee shall receive a monthly amount equal to the sum of the following: 
 (1) 1.28% of Final Average Monthly Compensation multiplied by the full and fractional number of years of Benefit Service, plus

 (2) 0.4% of Final Average Monthly Compensation in excess of  1/12 of the Participant’s Social Security Covered Compensation (as hereinafter defined) multiplied by the number
of full and fractional years of Benefit Service earned (up to 35 years), minus 
 (3) The monthly benefit
payable at age 65 under the Cabot Corporation Cash Balance Plan as determined in Section 5.6(b)(2)(ii), and the accrued benefit earned under the Cabot Corporation Retirement Income Plan as of September 30, 1988 as guaranteed by the
Prudential Insurance Company (as detailed in Exhibit II). 
  

 -16- 

 A Participant’s “Social Security Covered Compensation” for a calendar year is the average
(without indexing) of the taxable wage bases in effect for each calendar year during the 35-year period ending with the last day of the calendar year in which the Participant attains (or will attain) his Social Security Retirement Age, as defined in
Code Section 415(b)(8). In determining a Participant’s Social Security Covered Compensation for a calendar year, the taxable wage base for the current calendar year and any subsequent calendar year shall be assumed to be the same taxable
wage base as in effect as of the beginning of the calendar year for which the determination is being made. A Participant’s Social Security Covered Compensation for a calendar year after the 35-year period described in this Section 5.1 is
the Participant’s Social Security Covered Compensation for the calendar year during which the Participant attained his Social Security Retirement Age. A Participant’s Social Security Covered Compensation for a calendar year before the
35-year period described in this Section 5.1 is the taxable wage base in effect as of the beginning of the calendar year. A Participant’s Social Security Covered Compensation shall be automatically adjusted for each calendar year.

 Unless otherwise provided under the Plan, each Section 401(a)(17) Employee’s accrued benefit under this Plan will be the greater
of the accrued benefit determined for the employee under (a) or (b) below: 
 (a) the Employee’s accrued
benefit determined with respect to the benefit formula applicable for the Plan Year beginning on or after January 1, 1994, as applied to the Employee’s total years of Service taken into account under the Plan for the purposes of benefit
accruals; or 
 (b) the sum of: 
 (i) the Employee’s accrued benefit as of the last day of the last Plan Year beginning before January 1, 1994 frozen in accordance with Section 1.401(a)(4)-13 of the regulations; and 
 (ii) the Employee’s accrued benefit determined under the benefit formula applicable for the Plan Year beginning on or after
January 1, 1994, as applied to the Employee’s years of Service credited to the employee for Plan Years beginning on or after January 1, 1994 for purposes of benefit accruals. 
 A Section 401(a)(17) Employee means an employee whose current accrued benefit as of a date on or after the first day of the first Plan Year
beginning on or after January 1, 1994 is based on Compensation for a year beginning prior to the first day of the first Plan Year beginning on or after January 1, 1994 that exceeded $150,000. 
  

 -17- 

 Unless the Participant elects otherwise in writing, the distribution of his Pension shall begin no later
than the 60th day after the latest of the close of the Plan Year in which (i) the Participant attains age 65, (ii) occurs the 10th anniversary of the Plan Year in which the Participant commences participation in the Plan, or (iii) the
Participant terminates Service. 
 5.2 Late Retirement Pension: A Participant who meets the
requirements for a Late Retirement Pension and retires on a Late Retirement Date shall receive for his lifetime a monthly amount commencing on his Annuity Starting Date equal to his accrued Normal Retirement Pension at his Late Retirement Date.
Notwithstanding any other provisions of this Plan to the contrary, if a Participant attains age 70 1/2 prior to
his Late Retirement Date, his Late Retirement Pension shall commence no later than April 1 of the calendar year following the calendar year during which such Participant attains age 70 1/2, whether or not such Participant has retired or otherwise terminated Service. 
 5.3 Early Retirement Pension: Any Participant who retires after satisfying the requirements for Early Retirement set forth in Section 4.3
shall be entitled to receive an Early Retirement Pension commencing at his Normal Retirement Date in a monthly amount equal to his accrued Normal Retirement Pension at his Early Retirement Date. The amount of his accrued Normal Retirement Pension
shall be equal to the product of (a) the Normal Retirement Pension he would have received at Normal Retirement Age (determined pursuant to Section 5.1(a)(1) and (a)(2) or Section 5.1(b)(1) and (b)(2), whichever is applicable) using
his Final Monthly Average Compensation and Covered Compensation as of his Early Retirement Date and the Benefit Service projected to his Normal Retirement Date, multiplied by (b) a fraction the numerator of which is his Benefit Service as of
his Early Retirement Date and the denominator of which is his projected Benefit Service at his Normal Retirement Date. Such amount shall then be reduced by the offsets described in Section 5.1(a)(3) or 5.1(b)(3), whichever is applicable. If the
Participant entitled to an Early Retirement Pension requests, such Participant shall receive a Pension, commencing on the first day of any month following his Retirement on or after his Early Retirement Date and preceding his Normal Retirement Date,
in a monthly amount computed under the above provisions of this Section 5.3 but reduced by one-quarter of one percent (0.25%) per month for each month by which the starting date of such Pension precedes the Participant’s attainment of age
sixty-two (62). The Early Retirement Pension is payable monthly for the Participant’s life, except as may be provided in Section 5.6. 
 5.4 Disability Retirement Pension: Any Participant who retires because of Disability and who satisfies the requirements for Disability Retirement set forth in Section 4.4 shall be entitled to receive a Disability Retirement
Pension, in lieu of any other Pension payable under this Article V, commencing at his Normal Retirement Date, in an amount equal to the benefit the Participant would have earned had he remained in Service calculated with Benefit Service
projected to his Normal Retirement Date but based on the Participant’s Compensation in effect on the date of Disability. If a Participant subsequently satisfies the requirements of Section 4.3 based on Service accrued during the period of
his Disability, he may request early commencement of his Disability Retirement Pension as provided in Section 5.3. Such Disability Retirement Pension shall be payable monthly for the Participant’s life, except as may be provided in
Section 5.6. 
  

 -18- 

 5.5 Deferred Vested Retirement Pension: Any Participant who terminates Service after meeting the
requirements for Deferred Vested Retirement set forth in Section 4.5 shall be entitled to receive a Deferred Vested Retirement Pension commencing on his Normal Retirement Date and payable monthly for the Participant’s life, except as may
be provided in Section 5.6. 
 Such Deferred Vested Retirement Pension shall commence on the Participant’s Normal Retirement Date
unless such Participant duly elects to receive a reduced Deferred Vested Retirement Pension commencing on the first day of any month following the month in which he attains age 55. Such Deferred Vested Retirement Pension will be determined in
the same manner as under Section 5.3 based on such Participant’s date of termination, except the benefit will be reduced by one-half of one percent (0.50%) per month for each month by which such commencement date precedes age 65. If
the single sum present value of the Participant’s Deferred Vested Retirement Pension determined as of the Participant’s date of termination is not more than $1,000, the Committee shall pay such single sum present value to the Participant
in a lump sum in lieu of any other benefit payable hereunder, unless the Participant elects to have such amount paid directly to an eligible retirement plan in the form of a direct rollover. 
 Effective October 1, 2004, any Participant who is eligible to receive a Deferred Vested Retirement Pension which has a single sum present value that
does not exceed $50,000 as of October 1, 2004, shall be permitted to elect to receive his Deferred Vested Retirement Pension in the form of an immediate lump sum distribution in complete satisfaction of the Plan’s obligations under Article
V of the Plan. Such election must occur within 60 days of receipt by the Participant of the applicable election notice. 
 5.6 Automatic
Option and Optional Pensions: 
 (a) Automatic Option: A Participant who (i) retires on a Normal, Early or
Late Retirement Date or who terminates Service after meeting the requirements for a Deferred Vested Pension or who terminates Service because of Disability and (ii) is legally married as of his Annuity Starting Date, shall receive, in lieu of
the Pension to which he is otherwise entitled, the Automatic Option which is the Actuarial Equivalent of his Pension otherwise payable, unless he shall have theretofore elected in writing, with the written consent of his Spouse, if any, not to
receive such Automatic Option after having received a written explanation of the terms and conditions of the Automatic Option and the effect of an election not to receive such Automatic Option but to instead receive his Pension as otherwise payable
hereunder. As used in this paragraph (a), “Automatic Option” means for a Participant who is married on his Annuity Starting Date an annuity for the life of a Participant and a 50% survivor annuity for the life of his Spouse which,
together, equal the Actuarial Equivalent of the Participant’s Normal Retirement Pension, Early Retirement Pension, Late Retirement Pension, Disability Retirement Pension or Deferred Vested Retirement Pension, whichever is applicable. If a
Participant does not have a Spouse on his Annuity Starting Date, he shall receive the normal form of Pension computed and payable as provided under this Article V unless he has duly elected an optional Pension, as provided in paragraph (b)
below. For the purposes of this Section 5.6, the identity of a Participant’s Spouse shall be determined on the Participant’s Annuity Starting Date. 
  

 -19- 

 The Participant may request information regarding the Automatic Option within nine
(9) months prior to the date when he would first become eligible to commence receiving a Pension hereunder. A written reply will be made within thirty (30) days of his request. During an election period beginning ninety (90) days
prior to the commencement of benefits and ending on the date on which the benefits commence, the Participant may elect in writing to the Committee not to receive payment of his vested Pension in the Automatic Option, in which case the normal form of
payment described in this Article V shall be applicable unless an optional form becomes operative under paragraph (b) below. During the election period the Participant may revoke and choose elections in writing to the Committee. A married
Participant who elects not to receive the Automatic Option must obtain the consent of his Spouse for an optional pension other than as described in Section 5.6(b)(ii), which shall not be effective unless: (a) the Participant’s Spouse
consents in writing to the election; (b) the election designates a specific alternate beneficiary (including any class of beneficiaries or any contingent beneficiaries) which may not be changed without any further spousal consent, except as
hereinafter provided; (c) the Spouse’s consent acknowledges the effect of the election; and (d) the Spouse’s consent is witnessed by a Plan representative or notary public. If it is established to the satisfaction of a Plan
representative that such written consent may not be obtained because there is no Spouse or the Spouse cannot be located, a waiver will be deemed a qualified election. Any consent by a Spouse under this Section (or establishment that the consent of
the Spouse cannot be obtained) shall be effective only with respect to such Spouse. A consent that permits designations by the Participant without any requirement of further consent by the Spouse must acknowledge that the Spouse has the right to
limit consent to a specific beneficiary, and a specific form of benefit where applicable, and that the Spouse voluntarily elects to relinquish either or both of such rights. A revocation of a prior waiver may be made by a Participant without the
consent of the Spouse at any time prior to the commencement of benefits. The number of revocations shall not be limited. For purposes of this Section, the Spouse or surviving Spouse of the Participant shall be deemed the recipient under the
Automatic Option, provided that a former Spouse will be treated as the Spouse or surviving Spouse to the extent provided under a qualified domestic relations order as described in Section 414(p) of the Code. 
 (b) Optional Pension: 
 (1) Optional Pensions Under this Plan: Any Participant who is entitled to receive a Pension under this Article V may elect, in lieu of his normal form of Pension or the Automatic Option, any one of the
following optional forms of Pension (the value of the expected aggregate payments under any of which shall be the Actuarial Equivalent of his normal form of Pension): 
 (i) Life and Period Certain. A pension payable for the Participant’s life and, if one hundred twenty (120) or sixty
(60) (as designated by the Participant) monthly installments have not been paid prior to the Participant’s death, payment of such pension will be continued in the same amount to the beneficiary or beneficiaries designated by the
Participant for the balance of the period selected by the Participant. 
  

 -20- 

 (ii) Joint and Survivor. A joint and survivor Pension for the Participant and his Spouse
under which the member shall receive a Pension payable for his life, and payments in the amount equal to 75% or 100% (as elected by the Participant) of such Pension shall after the Participant’s death, be continued to his surviving Spouse
during such surviving Spouse’s lifetime. 
 (iii) Lump Sum Option. On or after October 1, 2004, any Participant who
becomes entitled to receive a Pension under this Article V which has a single sum present value that does not exceed $50,000 as of the date Participant terminates Service may, within 60 days after such termination, elect to receive an immediate lump
sum distribution in complete satisfaction of the Plan’s obligations under Article V of the Plan. 
 (2) Optional
Pensions Under the Cabot Corporation Cash Balance Plan: In addition, a Participant who has a benefit as detailed in Exhibit I, a copy of which is attached hereto and is hereby incorporated into this Plan, due to participation under the
Cabot Corporation Cash Balance Plan may elect to have such benefit paid in a lump sum payment or in any optional form of payment described below; provided, however, that if the Participant has a Spouse on his Annuity Starting Date the Actuarial
Equivalent of such benefit shall be paid in the form of a joint and 50% survivor annuity unless he elects to receive the benefit in a lump sum or an optional form described below in accordance with the election provisions in Section 5.6(a). A
Participant who has an additional benefit as detailed in Exhibit IV, a copy of which is attached hereto and is hereby incorporated into this Plan, due to the grandfather provisions under the Cabot Corporation Cash Balance Plan shall have such
additional amount added to the benefit as detailed in Exhibit I in a manner as described below. 
  

 -21- 

 (i) Lump Sum Option: The lump sum payment is determined as the sum of
(a) and (b), subject to a minimum of (c) below: 
 (a) The product of the accrued benefit detailed in Exhibit I and
the applicable annuity value based on the Participant’s age as of his benefit commencement date, the Applicable Interest Rate, and the Applicable Mortality Table. 
 (b) The product of the additional benefit detailed in Exhibit IV, reduced by one quarter of one percent (0.25%) per month for each month
by which the Participant’s age as of his benefit commencement date precedes the Participant’s attainment of age sixty-two (62) and the annuity value based on the Participant’s age as of his benefit commencement date. For purposes
of this subsection (b), the annuity value shall be determined using the Applicable Interest Rate and the Applicable Mortality Table. 
 (c) The sum of the December 31, 1990 Cash Balance Plan Balance detailed in Exhibit I and the December 31, 1990 Grandfather Balance detailed in Exhibit IV, increased with interest at 5% per annum from
December 31, 1990 to the date of benefit commencement. 
 (ii) Single Life Annuity Option: A benefit which is a
level monthly annuity for the lifetime of the Participant (with no survivor benefits) equal to the sum of (a) and (b), subject to (c) below: 
 (a) the Actuarial Equivalent of the accrued benefit detailed in Exhibit I. For purposes of this subsection (a), the Actuarial 

  

 -22- 

 
Equivalent shall be determined using the Applicable Interest Rate and the Applicable Mortality Table. 
 (b) the additional benefit detailed in Exhibit IV, reduced by one quarter of one percent (0.25%) per month for each month by which the
Participant’s age as of his benefit commencement date precedes the Participant’s attainment of age sixty-two (62). 
 (c) In the event that the minimum lump sum provisions of subparagraph (i)(c) of this Section apply, the level monthly annuity amount shall be equal to the result of the minimum lump sum value determined in subparagraph (i)(c) of this
Section divided by the applicable annuity value based on the Participant’s age as of his benefit commencement date, the Applicable Interest Rate, and the Applicable Mortality Table. 
 The “applicable interest rate” is the interest rate which would be used as of the first day of the calendar year containing the
distribution by the Pension Benefit Guaranty Corporation for determining the present value of a lump sum distribution on Plan termination. 
 (iii) Single Life Increasing Annuity Option: an increasing monthly annuity for the lifetime of the Participant equal to the lump sum amount, determined as in (i) above divided by the factor from the table
of factors (Table A, a copy of which is attached hereto and is hereby incorporated into this Plan) that corresponds to the Participant’s attained age as of the first of the month coinciding with or immediately following the determination date.

 Increases in the monthly annuity amount shall be effective each January 1 occurring after the determination date and
shall be equal to: 
 (a) For the first such January 1,  1/12th of the percentage change in the Consumer Price Index for the Urban Wage Earners - All City Average for the
12-month period ending with September 30 of the calendar year preceding the calendar year containing such determination date, multiplied by the number of monthly payments made in the calendar year of the determination date. 

 

 -23- 

 (b) For each succeeding January 1, the percentage change in the Consumer Price
Index for Urban Wage Earners - All City Average for the 12-month period ending with September 30 of the preceding calendar year. 
 (iv) Joint and Survivor Annuity Option: A reduced monthly benefit that is a joint and 50 percent, or joint and 75 percent, or joint and 100 percent (as determined by the Participant) survivor level annuity that
is the Actuarial Equivalent of the Participant’s single life annuity amount. Such joint and survivor level annuity is a level monthly annuity under which (i) the Participant will receive a monthly annuity for life and (ii) following
the Participant’s death, and Participant’s Beneficiary (if surviving the Participant) will receive a monthly annuity for life with the monthly annuity payment equal to either 50 percent, 75 percent, or 100 percent of the monthly annuity
which would have been payable to the Participant had he lived. If the Participant’s Beneficiary dies after the Participant has commenced receiving benefits (but before the Participant’s death), the Participant shall continue to receive the
amount payable to such Participant under the joint and survivor level annuity form for the remainder of the Participant’s lifetime, with the last payment to be made for the month in which his death occurs. Thereafter no further benefits shall
be payable under the Plan in respect of the Participant. 
 For purposes of this paragraph, the Actuarial Equivalent benefit shall be
determined by multiplying the single life annuity amount determined in (ii) above, by the following factor, depending upon which percentage is selected to be continued to the beneficiary: 
  

			
	 Percentage Selected
	  	Factor
	 50 percent
	  	0.88
	 75 percent
	  	0.83
	 100 percent
	  	0.79

  

 -24- 

 If the Beneficiary is other than the Participant’s Spouse and if, as of the
Participant’s Benefit Commencement Date, the Beneficiary’s age on his or her last birthday is more than five years less than the Participant’s age on his or her last birthday, the amounts of the monthly annuity payable to the
Participant and Beneficiary shall be computed based on the above factors and then reduced by 1 percent of the percentage selected for each year by which difference in ages exceeds five years. The individual who is the Participant’s Spouse on
the date the Participant has commenced receiving benefits shall be treated as his spouse for purposes of this option so long as such Spouse shall live, whether or not the Spouse is subsequently divorced from the Participant or the marriage otherwise
terminated thereafter, except as a qualified domestic relations order described in Section 414(p) of the Code shall otherwise provide. 
 (v) Fifteen Years Certain and Continuous Option: A reduced benefit which is a level monthly annuity for the life of the Participant and, in the event of his death before 180 monthly payments have been made to
him (if the person designated in his option election form as his Beneficiary for purposes of this option is then living), with the remainder of said 180 monthly payments paid to his Beneficiary. In the event the Participant’s Beneficiary dies
before a total of 180 payments have been made, any payments remaining shall be paid in a lump sum to a succeeding beneficiary, if living, or if also deceased, to the estate of the last of the retiree and beneficiaries to die. Such benefit shall be
equal to the single life annuity amount, determined in (ii) above, multiplied by 0.83. 
 (vi) Single Life/Cash
Refund Annuity Option: A benefit which is a reduced and level monthly annuity for the lifetime of the Participant, with the guarantee that an amount will be payable to the Participant’s Beneficiary in the form of a lump sum payment if the
total of all payments made to the Participant by the time of his death does not equal or exceed the lump sum value as determined 

  

 -25- 

 
under (i) above. The monthly benefit under this option shall be the Participant’s single life annuity amount determined in (ii) above,
multiplied by 0.90. 
 (vii) Joint and 50 Percent Survivor Increasing Annuity Option: An increasing monthly annuity
under which (a) the Participant will receive a reduced monthly annuity which will increase as for the Single Life Increasing Annuity in (iii) above and (b) following the Participant’s death the Participant’s Spouse (if
surviving the Participant) will receive a monthly annuity for life equal to 50% of the monthly annuity which would have been payable to the Participant had he lived. 
 The reduced monthly annuity payable to the Participant under this option shall be equal to the amount determined under (iii) above multiplied by a factor based on the Participant’s age as of his or her
nearest birthday as of his Benefit Commencement Date as follows: 
  

			
	      Participant’s Age as of
 Benefit Commencement Date
	  	Factor
	 Younger than 45
	  	0.96
	 Between 45 and 55
	  	0.92
	 55 and older
	  	0.88

 (3) Optional Pensions Under the Cabot Corporation Retirement Income Plan: In
addition, a Participant who has a monthly annuity guaranteed by the Prudential Insurance Company (as detailed in Exhibit II) due to participation under the Cabot Corporation Retirement Income Plan may elect to have such monthly annuity paid in
any optional form of payment described below. 
 (i) Single Life Annuity Option: A benefit which is a level monthly
annuity for the lifetime of the Participant (with no survivor benefits). For a Participant who retires after meeting the requirements for Early Retirement set forth in Section 4.3, the monthly benefit amount shall be equal to the
Participant’s accrued benefit detailed in Exhibit II, reduced by one quarter of one percent (0.25%) per month for each month by which the Participant’s age as of his benefit commencement date precedes the Participant’s attainment of
age sixty-two (62). 
  

 -26- 

 For a Participant who terminates Service prior to meeting the requirements for Early Retirement set
forth in Section 4.3, the monthly benefit amount shall be equal to the Participant’s accrued benefit detailed in Exhibit II, reduced by one-half of one percent (0.50%) per month for each month by which the Participant’s age as of his
benefit commencement date precedes the Participant’s attainment of age sixty-five (65). 
 (ii) Joint and Survivor
Annuity Option - A reduced monthly benefit that is a joint and 50%, or joint and 75%, or joint and 100% (as determined by the Participant) survivor level annuity that is the Actuarial Equivalent of the Participant’s accrued benefit detailed
in Exhibit II. Such joint and survivor level annuity is a level monthly annuity under which (i) the Participant will receive a monthly annuity for life and (ii) following the Participant’s death the Participant’s Beneficiary
(if surviving the Participant) will receive a monthly for life with the monthly annuity payment equal to either 50%, 75% or 100% of the monthly annuity which would have been payable to the Participant had he lived. If the Participant’s
Beneficiary dies after the Participant has commenced receiving benefit (but before the Participant), the Participant shall continue to receive the amount payable to such Participant under the joint and survivor level annuity form for the remainder
of the Participant’s lifetime, with the last payment to be made for the month in which his death occurs. Thereafter no further benefits shall be payable under the Plan in respect of the Participant. The individual who is the Participant’s
Spouse on the date the Participant has commenced receiving benefits shall be treated as his spouse for purposes of this option so long as such Spouse shall live, whether or not the Spouse is subsequently divorced from the Participant or the marriage
otherwise terminated thereafter, except as a qualified domestic relations order described in Section 414(p) of the Code shall otherwise provide. 
 For purposes of this paragraph, the Actuarial Equivalent benefit shall be determined by multiplying the single life annuity amount, determined under (i) above, by the following factor, 

  

 -27- 

 
depending upon which percentage is selected to be continued to the Beneficiary, and whether the Beneficiary is the Participant’s Spouse: 
  

					
	 Percentage
 Selected
	  	 Factor
 Beneficiary is
 Participant’s Spouse
	  	 Beneficiary is other
 than Participant’s Spouse

	 50%
	  	1.00	  	0.88
	 75%
	  	0.94	  	0.83
	 100%
	  	0.89	  	0.79

 (iii) Fifteen Years Certain and Continuous Option: A reduced benefit which
is a level monthly annuity for the life of the Participant, and, in the event of his death before 180 monthly payments have been made to him (if the person designated in his option election form as his Beneficiary for purposes of this option is then
living) the remainder of said 180 monthly payments paid to his Beneficiary. In the event the Participant’s Beneficiary dies before a total of 180 payments have been made, any payments remaining shall be paid in a lump sum to a succeeding
Beneficiary, if living, or if also deceased, to the estate of the last Beneficiary to die. Such benefit shall be equal to the single life annuity amount determined in (i) above, multiplied by 0.98. 
 (iv) Lump Sum Option: A Participant who is entitled to cash settlement credits as detailed in Exhibit III, a copy of which is
attached hereto and is hereby incorporated into this Plan, may elect to have such amount paid as a lump sum, provided that the lump sum value of his benefit as detailed in Exhibit II shall be reduced by the amount of such cash settlement
credits.” 
 (4) Election of Optional Pension: The election of an optional pension shall be governed by the
following provisions: 
 (i) Election of Option: Application for an optional form of Pension must be made on the
prescribed form on or before his termination of Service. 
 (ii) Cancellation or Change of Option: By making
application to the Committee on the 

  

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prescribed form, a Participant who has not terminated Service may cancel or change his election of an optional form of Pension at any time before
commencement of benefits. An option may not be cancelled or changed after payments commence thereunder. 
 (iii)
Beneficiary Designation: Each Participant who has elected the life and period certain optional form shall have the right at any time to designate and to rescind or change any designation of a primary and contingent beneficiary or
beneficiaries to receive the remaining installments of pension payments in the event of his death prior to the expiration of the 60- or 120-month period (as applicable). Any such designation, change or rescission of designation, shall be made in
writing by filling out and furnishing to the Committee the appropriate form prescribed by the Committee. The contingent beneficiary or beneficiaries shall be entitled to receive any unpaid death benefit only if no primary beneficiary is alive or
legally entitled to receive such benefit on the date of payment of the benefit or any installment thereof. The estate, assignee or appointee of either a primary or contingent beneficiary shall have no interest in or right to receive any death
benefit payment not actually made before such beneficiary’s death. The last such designation received by the Committee shall be controlling over any testamentary or other disposition; provided, however, that no designation, rescission or change
under this Plan shall be effective unless received by the Committee prior to the Participant’s death, and in no event shall it be effective as of a date prior to such receipt. If there is no designated beneficiary alive at the time of any
payment of a death benefit, then the Actuarial Equivalent of the death benefit, or balance thereof, shall be paid to the estate of the deceased Participant. An Employer shall not be named as a beneficiary. If the Committee shall be in doubt as to
the right of any beneficiary designated by a deceased Participant to receive any unpaid death benefit, the Committee may direct the Trustee to pay the amount in question to the estate of such Participant, in which event the Trustee, the 

  

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Employer, the Committee and any other person in any manner connected with the Plan shall have no further liability with respect to the amount so paid.

 (iv) Special Limitation: Notwithstanding any provisions of this Section 5.6(b)(3) to the contrary, the amount
to be distributed each year to a Participant under an optional form of benefit described in this Section must be at least an amount equal to the quotient obtained by dividing the Participant’s entire interest by the life expectancy of the
Participant or joint and last survivor expectancy of the Participant and designated beneficiary. Life expectancy and joint and life survivor expectancy shall be computed by the use of the return multiples contained in Treasury Regulation
§ 1.72-9. For purposes of this computation, a Participant’s life expectancy may be recalculated no more frequently than annually, however, the life expectancy of a non-Spouse beneficiary may not be recalculated. If the
Participant’s Spouse is not the designated beneficiary, the method of distribution selected must assure that greater than fifty percent (50%) of the present value of the amount available for distribution is paid within the life expectancy
of the Participant. 
 (v) Proof of Age: Proof of age and such other information as may be required in determining the
amount of an optional form of Pension must be furnished to the Committee upon its request. 
 (vi) An election of the
Automatic Option or one of the respective optional forms of benefit described in Paragraph (1), above, shall require the Participant to select from among the following optional forms of benefit with respect to the benefits detailed under Exhibits I
and II due to participation under the Cabot Corporation Cash Balance Plan and the Cabot Corporation Retirement Income Plan, respectively: 
  

					
	 COGC Plan Form
	  	 Cash Balance Form
	  	 Retirement Income
 Plan Form

	 (1) Life Annuity
	  	(1)Life Annuity, Increasing Single Life Annuity, Single Life/Cash Refund Annuity or Lump Sum	  	(1)Life Annuity
			
	 (2)50% Joint and Survivor Annuity
	  	(2)Joint and 50% Survivor Increasing Annuity, 50% Joint and Survivor Annuity, or Lump Sum	  	(2) 50% Joint and Survivor Annuity
			
	 (3) 75% or 100% Joint and Survivor Annuity
	  	(3) Corresponding Percentage Joint and Survivor Annuity, or Lump Sum	  	(3)Corresponding Percentage Joint and Survivor Annuity
			
	 (4) Life and Period Certain Annuity
	  	(4) 15-Year Certain and Continuous Annuity, or Lump Sum	  	(4)15-Year Certain Annuity
			
	 (5) Lump Sum, if eligible
	  		  	

  

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 An election of one form of payment in a particular plan form listed above shall not restrict a
Participant’s election of a different form of payment for another plan form, if the Participant is so eligible to elect. 
 All optional
forms of benefits which are “Section 411(d)(6) protected benefits,” as described in Treasury Regulation § 1.411(d)-4, shall continue to be optional forms of benefits for Participants to whom the optional forms apply
notwithstanding any subsequent amendment of the Plan purporting to revise or delete such optional form of benefit and notwithstanding any contrary provision of paragraph (b) of this Section 5.6. 
 (c) At any time the Committee may cause the Plan to purchase and distribute to a Participant a commercial annuity that will thereafter
provide the Participant’s Pension otherwise payable from the Plan. 
 5.7 Duration of Pensions: Except for the Spouse’s
Pension set forth in Section 6.1 and except as may be provided under the Automatic Option or under the optional forms of Pension both as described in Section 5.6, all Pensions payable under Article V shall be paid monthly commencing
on the applicable of (i) the Participant’s Normal Retirement Date, (ii) the commencement date of his Early, Deferred Vested or Disability Retirement benefits or (iii) his Late Retirement Date, and shall be payable for the life of
the retired Participant. The Automatic Option shall be paid monthly and shall be payable for the joint lives of the Participant and his Spouse. The Spouse’s Pension shall be paid monthly and shall be payable for the life of the Spouse. Any
other optional Pension shall continue for the period specified under the option elected. 
 5.8 Payment of Small Benefits: The payment
of a benefit under the Plan whose present value does not exceed $1,000 shall be made in a lump-sum cash payment, unless the Participant elects to have such amount paid directly to an eligible retirement plan in the form of a direct rollover. The
amount thereof shall be the Actuarial Equivalent of the Accrued Pension 

  

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otherwise payable. No distribution shall be made under this Section 5.8 without the Participant’s (and the Participant’s Spouse, if any)
consent if the value thereof is greater than $5,000. No distribution may be made after the Annuity Starting Date unless the Participant and the Participant’s Spouse (or, where the Participant has died, the surviving Spouse) consent in writing
to such distribution. Notwithstanding the above, in the event of a distribution referenced above which is greater than $1,000 but less than $5,000, if the Participant does not elect to have such distribution paid directly to an eligible retirement
plan specified by the Participant in a direct rollover, or to receive the distribution directly in a lump-sum cash payment in accordance with the provisions stated elsewhere herein, then the Committee will pay the distribution in a direct rollover
to an individual retirement plan or account designated by the Committee in its sole discretion. 
 5.9 Waiver of Waiting Period:
Notwithstanding anything in the foregoing to the contrary, if a distribution is one to which Sections 401(a)(11) and 417 of the Code do not apply, such distribution may commence less than 30 days after the notice required under
Section 1.411(a)-11(c) of the Income Tax Regulations is given, provided that (a) the Committee clearly informs the Participant that the Participant has a right to a period of at least 30 days after receiving the notice to consider the
decision of whether or not to elect a distribution (and, if applicable, a particular distribution option), and (b) the Participant, after receiving the notice, affirmatively elects a distribution. If a distribution is one to which Sections
401(a)(11) and 417 of the Code does apply, the Participant may elect (with any applicable spousal consent) to waive any requirement that the written explanation required under Code Section 417 be provided at least 30 days before the annuity
starting date (or to waive the 30-day requirement with respect to an explanation provided after the annuity starting date) if the distribution commences more than 7 days after such explanation is provided. 
 5.10 Benefits after Re-employment: If a Participant terminates his Service on or after the Effective Date and is subsequently re-employed by an
Employer or an Affiliate, his Benefit payments, if any, shall immediately cease, and upon his subsequent termination of Service he shall receive a Benefit determined under Section 5.1, 5.2, 5.3, 5.4 or 5.5, but reduced by the Actuarial
Equivalent of the Benefit payments, if any, which he received prior to his re-employment. 
 5.11
Minimum Date for Commencement of Benefits: Except as provided below, if a Participant is employed by the Company on the April 1 following the calendar year in which the Participant attains age 70 1/2, such Participant may choose to commence distribution of the Participant’s benefit either on the April 1
of the calendar year following the calendar year in which (i) the Participant attains age 70 1/2 or
(ii) the Participant retires from the Company. Notwithstanding any provision of the Plan to the contrary, any benefits to which a Participant who is a 5% owner of the Company is entitled shall commence not later than April 1 of the
calendar year following the calendar year in which the Participant attains age 70 1/2, whether or not the
Participant’s employment has terminated in such year. If a Participant commences distribution of his benefit later than the April 1 following the end of the calendar year such Participant attains age 70 1/2, then such Participant’s benefit shall be actuarially increased to take into account the period after age
70 1/2 in which he is not receiving benefits, in accordance with Code Section 401(a)(9)(C)(iii) and
applicable Internal Revenue Service guidance addressing the same. Such actuarial increase is generally the same as, and not in addition to, the actuarial 
  

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increase required for same period under Code Section 411 to reflect the delay in payments after Normal Retirement Age; provided, however, that the
actuarial increase shall be provided during such period even if the Participant is otherwise subject to a suspension of his benefit under Section 5.10. 
 5.12 Required Minimum Distributions: 
 (a) General Provisions: All
distributions shall be determined and made in accordance with Section 401(a)(9) of the Code and the Treasury regulations promulgated thereunder. 
 (b) Lost Participants: A Participant who is a Lost Participant (as defined below) shall receive his pension determined as of his Required Beginning Date (as defined below) and commencing on a date after his
Required Beginning Date (the “Distribution Date”), in accordance with, and subject to, the requirements of this Section 5.12(B). This Section 5.12(B) shall not be available or applicable for a Participant who is not a Lost
Participant. 
 The Administrator shall furnish a written explanation of the terms and conditions of the automatic form and
the effect of refusing it to a Lost Participant no less than 30 days and no more than 90 days prior to the Distribution Date of his pension. The Lost Participant may request additional information regarding the automatic form within 60 days of the
furnishing of such explanation to him. A written reply will be made within 30 days of his request. During such election period, the Lost Participant may, with the written consent of his Lost Spouse (as defined below) in accordance with Section
5.6 herein, elect in writing to the Administrator not to receive the automatic form, in which case the Lost Participant may elect payment in one of the optional forms permitted hereunder. Throughout the election period, the Lost Participant may
file written revocations or written elections with the Administrator as provided in Section 5.6. The foregoing notwithstanding, the Lost Participant may elect (with written consent of his Lost Spouse) to waive the requirement that the written
explanation of the automatic form described herein be provided at least 30 days prior to his Distribution Date, provided that the distribution commences more than 7 days after such explanation is provided to the Lost Participant. 
 If the Administrator does not receive the Lost Participant’s completed election form by the 60th day after the written explanation of
the automatic form was provided, then such Lost Participant’s pension shall be paid in the automatic form as soon as administratively practicable. 
 Benefits will commence as of his Distribution Date actuarially adjusted to reflect commencement at his Required Beginning Date rather than his Normal Retirement Date or Postponed Retirement Date, as applicable, and
notwithstanding any other provision of the Plan to the contrary, the Plan will pay to him an amount equal to missed payments from the Required Beginning Date to the Distribution Date, with interest being paid to the Lost Participant on such amount
based on the applicable interest rate for purposes of calculating lump sums outlined elsewhere herein. 
  

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 For purposes of this Section 5.12(B): 
 “Lost Participant” means a Participant (i) who does not commence his pension prior to his Required Beginning Date,
(ii) whose location is unknown to the Administrator as of his Required Beginning Date, and (iii) who, subsequent to his Required Beginning Date, is either located by the Administrator or notifies the Plan of his location and/or requests
information concerning the commencement of his pension. 
 “Required Beginning
Date” means for a Participant who is not a “5% owner” (as defined in Code Section 416), the April 1 following the later of (i) the calendar year in which the Participant attains age 70 1/2 or (ii) the calendar year in which the Participant’s Active Service terminates. For a Participant who is
a 5% owner, “Required Beginning Date” means the April 1 following the calendar year in which the Participant attains age 70 1/2. 
  
 “Lost Spouse” means the Lost Participant’s Spouse as of the Required Beginning Date. For purposes of this definition, the Lost Spouse or surviving Lost Spouse of the Participant shall be deemed the recipient under the
Qualified Joint and Survivor Annuity, provided that a former Spouse will be treated as the Lost Spouse or surviving Lost Spouse to the extent provided under a qualified domestic relations order as described in Section 414(p) of the Code.

 5.13 Direct Rollovers: Notwithstanding any provision of the Plan to the contrary that would otherwise limit a Distributee’s
election under this Section, a Distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an “Eligible Rollover Distribution” paid directly to an “Eligible Retirement Plan” specified
by the Distributee in a Direct Rollover. For the purposes of this Section the following definitions shall apply: 
 (i)
“Eligible Rollover Distribution” shall mean any distribution of all or any portion of the balance to the credit of the Distributee, except that an Eligible Rollover Distribution does not include: any distribution that is one of a series of
substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or joint life expectancies) of the Distributee and the Distributee’s designated beneficiary,
or for a specific period of ten years or more; any distribution to the extent such distribution is required under Section 401(a)(9) of the Code; and the portion of any distribution that is not includable in gross income (determined without
regard to the exclusion for net unrealized appreciation with respect to employer securities). 
 (ii) “Eligible
Retirement Plan” shall mean (i) an individual retirement account described in Section 408(a) of the Code, (ii) an individual retirement annuity described in Section 408(b) of the Code, (iii) an annuity plan described in

  

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section 403(a) of the Code, (iv) an annuity contract described in Section 403(b) of the Code, (v) an eligible plan under Section 457(b)
of the Code which is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state or political subdivision of a state and which agrees to separately account for amounts transferred into such plan from this
Plan, or (vi) a qualified trust described in Section 401(a) of the Code, that accepts the Distributee’s eligible Rollover Distribution. However, prior to January 1, 2002, in the case of an Eligible Rollover Distribution to a
surviving spouse, an Eligible Retirement Plan is an individual retirement account or individual retirement annuity. 
 (iii)
“Distributee” shall mean a Participant or former Participant of the Plan. In addition, the Participant’s or former Participant’s surviving spouse and the Participant’s or former Participant’s spouse or former spouse who
is the alternate payee under a qualified domestic relations order, as defined in Section 414(p) of the Code, are Distributees with regard to the interest of the spouse or former spouse. 
 (iv) “Direct Rollover” shall mean a payment by the Plan to the Eligible Retirement Plan specified by the Distributee.

  

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 ARTICLE VI 
 DEATH BENEFIT 
 6.1 Death While in Service but Prior to Commencement of Pension: In the event
of the death of a Participant who is survived by a Spouse and who dies (1) while in the active employment of an Employer or Affiliate or (2) while on an Authorized Absence pursuant to Section 2.2(a) or 2.2(c) and after completion of
the Vesting Service requirements for a Deferred Vested Retirement Pension on the date of his death, such Spouse shall be entitled to receive a Spouse’s Pension commencing as of the first day of the calendar month next following the
Participant’s date of death or the date he would have attained age fifty-five (55), whichever is later, and payable through the first day of the month during which the Spouse’s death occurs. The monthly amount of the Spouse’s Pension
provided in this Section shall be an amount equal to the Pension payments which would have been made to the Spouse under the Automatic Option provided for in Section 5.6(a) if the Participant had elected such Automatic Option commencing on the
date of his Retirement immediately prior to his Retirement and if his Retirement had occurred on the day before the date of his death. 
 6.2
Death After Retirement but Prior to Commencement of Pension: In the event of the death of a Participant after Normal, Early or Late Retirement (but not after Deferred Vested Retirement) but prior to the commencement of his Pension, the normal
form, Automatic Option or other Optional Pension, whichever is applicable, shall take effect as though the Participant had commenced to receive his Pension on the day of his death. In the event of the death of a Participant after Disability
Retirement but prior to the commencement of his Pension, the deceased Participant’s Spouse, if any, shall be entitled to receive the benefit such Spouse would have received under the Automatic Option had such Participant commenced to receive
such benefit on the date of his death computed on the basis of his Benefit Service and Vesting Service accrued as of the date of his death. 
 6.3 Death After Deferred Vested Retirement but Prior to Commencement of Pension: In the event of the death of a Participant after he terminates employment with entitlement to a Deferred Vested Pension under the Plan but prior to the
commencement of Pension payments, the Participant’s Spouse, if any, shall be entitled to receive a survivor’s annuity commencing as of the first day of the calendar month next following the Participant’s date of death or the date on
which such Participant would have attained age fifty-five (55), whichever is later, and payable through the first day of the month during which the Spouse’s death occurs. The monthly amount of the survivor annuity provided in this Section shall
be an amount equal to the benefit payments such Spouse would have received under the Automatic Option had such Participant elected to receive such option commencing on the first day of the calendar month next following the later of the
Participant’s date of death or the date the Participant would have attained age fifty-five (55). 
 6.4 Definition of Spouse: For
the purposes of this Article VI, the definition of Spouse includes only such person to whom the Participant has been legally married for a period of at least one year at the time of his death, and who is of the opposite sex of the Participant.

  

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 6.5 Death Benefits Payable Under the Cabot Corporation Cash Balance Plan and Retirement Income
Plan: 
 (a) Death Benefits Payable under Cabot Corporation Cash Balance Plan. In the event of the death of a
Participant who has a benefit as detailed in Exhibit I due to participation in the Cabot Corporation Cash Balance Plan and whose death occurs prior to the commencement of his Pension, his Beneficiary shall be entitled to receive a benefit in the
form of a single lump sum benefit calculated as in Section 5.6(b)(2)(i). 
 If the Beneficiary is the Participant’s
Spouse, the Beneficiary may elect to receive, in lieu of such single sum payment, a benefit in the form of an increasing monthly annuity for life (with no survivor benefits). Such benefit shall be calculated as in Section 5.6(b)(2)(iii), based
on the Beneficiary’s attained age as of the first of the month coinciding with or immediately following the determination date. 
 (b) Death Benefits Payable under Cabot Corporation Retirement Income Plan. In the event of the death of a Participant who has a benefit as detailed in Exhibit II due to participation in the Cabot Corporation Retirement Income
Plan and whose death occurs prior to the commencement of his Pension, his Spouse shall receive a monthly benefit for his or her lifetime commencing on the first day of the month following the death of the Participant equal to 50 percent of the
benefit which would have been payable from the Participant’s Retirement Income Plan annuity commencing at the Participant’s Normal Retirement Date. 
 If the Participant is not married at the time of his death, no benefit is payable to his Beneficiary attributable to the monthly benefit
detailed in Exhibit II. 
 6.6 Alternate Form of Pension Payment for Spouse: Notwithstanding any other provision of this Plan to
the contrary, any Spouse who is or becomes entitled to receive a Pension under the Plan as determined under Section 5.1, which has a single sum present value that does not exceed $50,000 on the date of the Participant’s death, shall be
eligible to elect an optional form of Pension payment in accordance with Section 5.6(b)(1) in lieu of the form of Pension payment such Spouse is otherwise entitled. 
  

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 ARTICLE VII 
 CLAIM PROCEDURES 
 7.1 Presenting Claims for Benefits: A “Claims Administrator”
shall be appointed by the Committee or, absent such appointment, shall be the Company’s director of benefits, with such Claims Administrator authorized by the Committee to conduct the initial review and render a decision as provided in this
Section for all claims for benefits under the Plan. The Committee shall establish administrative processes and safeguards to ensure that benefit determinations made pursuant to this Section 7.1 are made in accordance with the Plan and have been
made and applied consistently to similarly situated claimants. Any Participant, Beneficiary of any deceased Participant, or the authorized representative of such claimant (collectively, the “Applicant”) may submit written application to
the Claim Administrator for the payment of any benefit asserted to be due him under the Plan. Such application shall set forth the nature of the claim and such other information as the Claim Administrator may reasonably request. Promptly upon the
receipt of any application required by this Section, the Claim Administrator shall determine whether or not the Participant or Beneficiary involved is entitled to a benefit hereunder and, if so, the amount thereof and shall notify the Applicant of
its findings. 
 (a) Non-Disability Claims. Except as provided in Section 7.1(b) below, if a claim is wholly or
partially denied, the Claim Administrator shall so notify the Applicant within ninety (90) days after receipt of the application by the Claims Administrator, unless special circumstances require an extension of time for processing the
application. If such an extension of time for processing is required, written notice of the extension shall be furnished to the Applicant prior to the end of the initial ninety (90) day period. In no event shall such extension exceed a period
of ninety (90) days from the end of such initial period. The extension notice shall indicate the special circumstances requiring an extension of time and the date by which the Claim Administrator expects to render its final decision. Notice of
the Claim Administrator’s decision to deny a claim in whole or in part shall be set forth in a manner calculated to be understood by the Applicant and shall contain the following: 
 (i) the specific reason or reasons for the denial, 
 (ii) specific reference to the pertinent Plan provisions on which the denial is based, 
 (iii) a description of any additional material or information necessary for the Applicant to perfect the claim and an explanation of why
such material or information is necessary, 
 (iv) an explanation of the claims review procedure, including applicable time
limits, as set forth in Section 7.2 hereof, and 
  

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 (v) a statement of the claimant’s right to bring a civil suit under
Section 502(a) of ERISA following a denial on subsequent review. 
 (b) Disability Claims. If a claim for benefits
based upon a Participant’s disability is wholly or partially denied, the Claim Administrator shall so notify the Applicant within forty-five (45) days after receipt of the application by the Claims Administrator, unless special
circumstances require an extension of time for processing the application. If such an extension of time for processing is required, the time for processing may be extended for up to 30 days, if the Claim Administrator determines that the extension
is necessary due to matters beyond the control of the Claim Administrator or the Plan and notifies the Applicant, before the expiration of the initial 45-day period, of the circumstances requiring the extension of time and the date by which the
claim decision is expected to be made. If, before the end of this 30-day extension period, the Claim Administrator determines that, due to matters beyond the control of the Claim Administrator or the Plan, a decision cannot be rendered within that
initial 30-day extension period, an additional 30-day extension may apply if the Applicant is given a notice satisfying the requirements set forth above for the first 30-day extension. Any notice of extension must specifically explain the standards
on which entitlement to a benefit is based, the unresolved issues that prevent a decision on the claim, and the additional information needed to resolve those issues. The Applicant will be given at least 45 days in which to provide the specified
information. In the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the determination must be made will be tolled from the date on which the notification of
the extension is sent to the Applicant until the date the Applicant responds to the request for additional information. 
 Notice of the Claims Administrator’s decision to deny a claim in whole or in part shall be set forth in a manner calculated to be understood by the Applicant and must contain the information described in clauses (i) through
(v) of Section 7.1(a). Additionally, the notice of denial must include: 
 (i) If any internal rule or guideline was
relied on in denying the claim, either the specific rule or guideline, or a statement that such a rule or guideline was relied on in denying the claim and that a copy of that rule or guideline will be provided to the Applicant free of charge on
request; and 
 (ii) If the claim denial is based on an exclusion or limit related to medical necessity or experimental
treatment, either an explanation of the scientific or clinical judgment for the determination as applied to the involved claimant’s circumstances, or a statement that such an explanation will be provided to the Applicant free of charge upon
request. 
  

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 7.2 Claims Review Procedure: Upon the Claims Administrator’s denial, in whole or in part of a
benefit applied for under Section 7.1, an Applicant shall have the right by written to appeal such denial as set forth in this Section 7.2. Benefits under the Plan will only be paid if the Committee decides in its discretion that the
claimant involved is entitled to them. The Committee shall establish administrative processes and safeguards to ensure that benefit determinations made pursuant to this Section 7.2 are made in accordance with the Plan and have been made and
applied consistently to similarly situated claimants. Except as may be otherwise required by law, the decision of the Committee on review of the claim denial shall be binding on all parties when the Applicant has exhausted the claims procedure under
this Section 7.2. 
 (a) Non-Disability Claims – General Rules. If an application filed by the Applicant
under Section 7.1(a) above shall result in a denial by the Claim Administrator of the benefit applied for, either in whole or in part, such Applicant shall have the right, to be exercised by written request filed with the Committee within sixty
(60) days after receipt of notice of the denial of the application for a review of the application and of the entitlement to the benefit for which the Applicant applied. Such request for review may contain such additional information and
comments as the Applicant may wish to present. 
 The Committee shall reconsider the application in light of such additional
information and comments as the Applicant may have presented, and if the Applicant shall have so requested, shall afford the Applicant or his designated representative a hearing before the Committee. Upon request, the Committee shall provide, free
of charge, the Applicant or his designated representative with copies of all “relevant documents” (within the meaning of Department of Labor regulation Section 2560.503-1(m)(8)) (“Relevant Documents”) in its possession,
including copies of the Plan document and information provided by the Company relating to the Applicant’s entitlement to such benefit. 
 The Committee shall render a decision and notify the Applicant of the Committee’s determination on review no later than 60 days after receipt of the Applicant’s request for review, unless the Committee
determines that special circumstances (such as the need to hold a hearing) require an extension of time for processing the claim. If the Committee determines an extension of time for processing is required, written notice of the extension shall be
furnished to the Applicant prior to the termination of the initial 60 day period. In no event, shall such extension exceed a period of 60 days from the end of the initial period. The extension notice shall indicate the special circumstance requiring
an extension of time and the date by which the Committee expects to render the determination on review. In the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which
the determination must be made will be tolled from the date on which the notification of the extension is sent to the Applicant until the date the Applicant responds to the request for additional information. 
  

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 Notice of the Committee’s final decision shall be furnished to the Applicant in
writing, in a manner calculated to be understood by him, and if the Applicant’s claim on review is denied in whole or in part, the notice shall set forth: 
 (i) the specific reason or reasons for the denial; and 
 (ii) specific reference(s) to the pertinent plan provision(s) on which the denial is based; and 
 (iii) the Applicant’s right to receive upon request, free of charge, reasonable access to, and copies of, all Relevant Documents,
records and other information to his claim; and 
 (iv) the claimant’s right to bring a civil action under
Section 502(a) of ERISA. 
 (b) Non-Disability Claims – Special Rules. Notwithstanding any other provision of
Section 7.2(a), in the event that the Committee holds regularly scheduled meetings at least quarterly, the provisions of this Section 7.2(b) will apply and control, to the extent that this Section 7.2(b) is inconsistent with the
provisions of Section 7.2(a). Specifically, in the event that the Committee holds regularly scheduled meetings at least quarterly, the Committee shall render a determination on review of a non-disability claim no later than the date of the
Committee meeting next following receipt of the request for review, except that (i) a decision may be rendered no later than the second following Committee meeting if the request is received within 30 days of the first meeting and
(ii) under special circumstances which require an extension of time for rendering a decision (including but not limited to the need to hold a hearing), the decision may be rendered not later than the date of the third Committee meeting
following the receipt of the request for review. If such an extension of time for review is required because of special circumstances, written notice of the extension shall be furnished to the Applicant prior to the commencement of the extension. In
the event that the extension is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the determination must be made will be tolled from the date on which the notification of the extension is
sent to the Applicant until the date the Applicant responds to the request for additional information. 
 Additionally, no
later than five (5) days after the Committee has reached a final determination on review under this Section 7.2(b), notice of the Committee’s final decision shall be furnished to the Applicant in writing, in the manner descried in
Section 7.2(a). 
  

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 (c) Disability Claims. If an application filed by an Applicant under
Section 7.1(b) above shall result in a denial by the Claims Administrator of the disability based benefit applied for, either in whole or in part, such Applicant shall have the right, to be exercised by written request filed with the Committee
within one-hundred and eighty (180) days after receipt of notice of the denial of the application, for a review of the application and of the entitlement to the benefit for which the Applicant applied. Such request for review may contain such
additional information and comments as the Applicant may wish to present. 
 The Committee shall reconsider the application in
light of such additional information and comments as the Applicant may have presented, and if the Applicant shall have so requested, shall afford the Applicant or his designated representative a hearing before the Committee. Upon request, the
Committee shall provide, free of charge, the Applicant or his designated representative with copies of all Relevant Documents in its possession, including copies of the Plan document and information provided by the Company relating to the involved
claimant’s entitlement to such benefit. Additionally, the following requirements shall be imposed upon the Committee in reconsidering an Applicant’s request: 
 (i) The Committee’s review will not give deference to the original claim denial, and the review will not be made by the person who
made the original claim denial, or a subordinate of that person; 
 (ii) In deciding an appeal of any claim denial that is
based in any way on a medical judgment, the Committee will consult with a health care professional who has appropriate training and experience in the field of medicine involved in the medical judgment; 
 (iii) The health care professional consulted by the Committee will not be an individual who was consulted in connection with the original
claim denial or a subordinate of any such individual; and 
 (iv) The Applicant will be provided the identification of medical
or vocational experts whose advice was obtained on behalf of the Plan in connection with the claim denial, even if the advice was not relied upon in making the claim denial. 
 The Committee shall render a decision and notify the Applicant of the Committee’s determination on review within a reasonable period
of time, but not later than 45 days after receipt of the Applicant’s request for review, unless the Committee determines that special circumstances (such as the need to hold a hearing) require an extension of time for processing the claim. If
the Committee determines an extension of time for processing is required, written notice of the 

  

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extension shall be furnished to the Applicant prior to the termination of the initial 45 day period. In no event, shall such extension exceed a period of 45
days from the end of the initial period. The extension notice shall indicate the special circumstance requiring an extension of time and the date by which the Committee expects to render the determination on review. In the event that the extension
is a result of an Applicant’s failure to submit information necessary to decide a claim, the period in which the determination must be made will be tolled from the date on which the notification of the extension is sent to the Applicant until
the date the Applicant responds to the request for additional information. 
 Notice of the Committee’s final decision
shall be furnished to the Applicant in writing, in a manner calculated to be understood by him, and if the Applicant’s claim on review is denied in whole or in part, the notice shall contain the information described in clauses (i) through
(iv) of Section 7.2(a). Additionally, the notice of denial shall include: 
 (v) If any internal rule or guideline
was relied on in denying the claim on appeal, either the specific rule or guideline, or a statement that such a rule or guideline was relied on in denying the claim and that a copy of that rule or guideline will be provided to the Applicant free of
charge on request; and 
 (vi) If the claim denial on appeal is based on an exclusion or limit like medical necessity or
experimental treatment, either an explanation of the scientific or clinical judgment for the determination as applied to the involved claimant’s circumstances, or a statement that such an explanation will be provided to the Applicant free of
charge upon request. 
 7.3 Disputed Benefits: Benefits under the Plan will be paid only if the Committee decides in its discretion
that the applicant is entitled to them. If any dispute shall arise between a Participant or other person claiming under a Participant and the Committee after the review of a claim for benefits, or in the event any dispute shall develop as to the
person to whom the payment of any benefit under the Plan shall be made, the Trustee may withhold the payment of all or any part of the benefits payable hereunder to the Participant or other person claiming under the Participant until such dispute
has been resolved by a court of competent jurisdiction or settled by the parties involved. 
  

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 ARTICLE VIII 
 PLAN ADMINISTRATION 
 8.1 Allocation of Responsibility Among Fiduciaries for Plan and Trust
Administration: Each Employer, the Board of Directors of the Company, the Committee, as designated pursuant to the terms of the Plan, the Trustee and any other person designated as a Fiduciary with respect to the Plan or the Trust Agreement
(hereinafter collectively the “Fiduciaries”) shall have only those specific powers, duties, responsibilities and obligations as are specifically given them under this Plan and/or the Trust Agreement. In general, the Employers shall have
the sole responsibility for making the contributions provided for under Section 10.2. The Board of Directors shall have the sole authority to appoint and remove the members of the Committee, and to amend or terminate, in whole or in part, this
Plan. The Company shall have the sole authority to appoint and remove the Trustee and to amend or terminate, in whole or in part, the Trust Agreement. The Committee shall have the sole responsibility for the administration of the Plan, and to
establish and maintain the funding policy and method of the Plan as provided in Section 8.12. The Trustee shall have the sole responsibility for the administration of the Trust Fund and shall have exclusive authority and discretion to manage
and control the assets held under the Trust Fund, except to the extent that the authority to manage, acquire and dispose of the assets of the Trust Fund is delegated to an Investment Manager, all as specifically provided in the Trust Agreement. Each
Fiduciary warrants that any directions given, information furnished or action taken by it shall be in accordance with the provisions of the Plan or the Trust Agreement, as the case may be, authorizing or providing for such direction, information or
action. Furthermore, each Fiduciary may rely upon any such direction, information or action of another Fiduciary as being proper under this Plan or the Trust Agreement, and is not required under this Plan or the Trust Agreement to inquire into the
propriety of any such direction, information or action. It is intended under this Plan and the Trust Agreement that each Fiduciary shall be responsible for the proper exercise of its own powers, duties, responsibilities and obligations under this
Plan and the Trust Agreement and shall not be responsible for any act or failure to act of another Fiduciary. No Fiduciary guarantees the Trust Fund in any manner against investment loss or depreciation in asset value. 
 8.2 Appointment of Committee: The Plan shall be administered by an Administrative Committee consisting of at least three (3) persons who
shall be appointed by and serve at the pleasure of the Board of Directors. All usual and reasonable expenses of the Committee shall be paid by the Trustee out of the Trust Fund. The members of the Committee shall not receive compensation with
respect to their services for the Committee. The Board of Directors shall pay the premiums on any bond secured for the performance of the duties of the Committee members described hereunder and shall be entitled to reimbursement by other Employers
for their proportionate shares. 
 8.3 Records and Reports: The Committee shall exercise such authority and responsibility as it deems
appropriate in order to comply with ERISA and any governmental regulations issued thereunder relating to records of Participant’s Service, accrued benefits, the percentage of such benefits which are nonforfeitable under the Plan, and
notifications to Participants. The Committee shall file or cause to be filed with the appropriate office of the 

  

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Internal Revenue Service, the Department of Labor and/or the Pension Benefit Guaranty Corporation all reports, returns, notices and other information
required of plan administrators under ERISA, including, but not limited to, the Plan description and summary Plan description, annual reports and amendments thereof to be filed with the Department of Labor, including requests for determination
letters, annual reports and registration statements required by Section 6057(a) of the Code, and including reports and notices of reportable events to the Pension Benefit Guaranty Corporation required by Section 4043 of ERISA. The
Committee shall make available to Participants and their beneficiaries for examination, during business hours, such records of the Plan as pertain to the examining person and such documents relating to the Plan as are required by ERISA. 

8.4 Other Committee Powers and Duties: The Committee shall have such powers as may be necessary to discharge its duties hereunder, including,
but not by way of limitation, the following powers and duties: 
 (a) To decide all questions of eligibility and determine the
amount, manner and time of payment of any benefits hereunder; 
 (b) To prescribe forms or procedures to be followed by
Participants or beneficiaries filing applications for benefits, and for other occurrences in the administration of the Plan; 
 (c) To receive from the Employers and from Participants such information as shall be necessary for the proper administration of the Plan; 
 (d) To prepare and distribute, in such manner as the Committee determines to be appropriate, information explaining the Plan; 
 (e) To furnish the Board of Directors, Employers and Participants, upon request, such annual reports with respect to the administration of
the Plan as are reasonable and appropriate; 
 (f) To appoint or employ individuals to assist in the administration of the
Plan and any other agents it deems advisable in carrying out the provisions of the Plan, including legal and actuarial counsel; 
 (g) To interpret and construe all terms, provisions, conditions and limitations of this Plan and to reconcile any inconsistency or supply any omitted detail that may appear in this Plan in such manner and to such extent, consistent with the
general terms of this Plan, as the Committee shall deem necessary and proper to effectuate the Plan; and 
 (h) To make and
enforce such rules and regulations for the administration of the Plan as are not inconsistent with the terms of the Plan. 
 8.5 Rules and
Decisions: The Committee may adopt such rules and actuarial tables as it deems necessary, desirable or appropriate. All rules and decisions of the Committee shall be uniformly and consistently applied to all Employees in similar circumstances.
The judgment of 

  

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the Committee and each member thereof on any question arising hereunder shall be binding, final and conclusive on all parties concerned. When making a
determination or calculation, the Committee shall be entitled to rely upon information furnished by an Employer, the legal counsel of an Employer, the Actuary for the Plan or the Trustee. 
 8.6 Committee Procedures: The Committee may act at a meeting or in writing without a meeting. The Committee shall elect one (1) of its
members as chairman, appoint a secretary who may or may not be a member of the Committee, and shall advise the Trustee of such actions in writing. The secretary of the Committee shall keep a record of all meetings and forward all necessary
communications to the Employers, the Trustee and the Actuary. The Committee may adopt such bylaws and regulations as it deems desirable for the conduct of its affairs. All decisions of the Committee shall be made by the vote of the majority
including actions in writing taken without a meeting. A dissenting Committee member who, within a reasonable time after he has knowledge of any action or failure to act by the majority, registers his dissent in writing delivered to the other
Committee members, the Employer and the Trustee shall not be responsible for any such action or failure to act. 
 8.7 Authorization of
Benefit Payments: The Committee shall issue directions to the Trustee concerning all benefits which are to be paid from the Trust Fund pursuant to the provisions of the Plan, and warrants that all such directions are in accordance with this
Plan. The Committee shall keep on file, in such manner as it may deem convenient or proper, all reports from the Trustee. 
 8.8 Payment
of Expenses: All expenses incident to the administration, termination or protection of the Plan and Trust, including, but not limited to, actuarial, legal, accounting, Investment Manager and Trustee fees, shall be paid by the Trustee from the
Trust Fund and, until paid, shall constitute a first and prior claim and lien against the Trust Fund. 
 8.9 Application and Forms for
Pension: The Committee may require a Participant to complete and file with the Committee an application for Pension and all other forms approved by the Committee, and to furnish all pertinent information requested by the Committee. The Committee
may rely on such information so furnished it, including the Participant’s current mailing address. 
 8.10 Indemnification of
Committee: Except to the extent that such liability is created by ERISA, no Participant of the Committee shall be liable for any act or omission of any other member of the Committee, nor for any act or omission on his own part except for his own
gross negligence or willful misconduct, nor for the exercise of any power or discretion in the performance of any duty assumed by him hereunder. The Company shall indemnify and hold harmless each member of the Committee from any and all claims,
losses, damages, expenses (including counsel fees approved by the Committee) and liabilities (including any amounts paid in settlement with the Committee’s approval but excluding any excise tax assessed against any member or members of the
Committee pursuant to the provisions of Section 4975 of the Code) arising from any act or omission of such member in connection with duties and responsibilities under the Plan, except when the same is judicially determined to be due to the
gross negligence or willful misconduct of such member. 
  

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 8.11 Annual Audit: If required by ERISA or requested by any Fiduciary, the Committee shall engage,
on behalf of all Participants, an independent Certified Public Accountant who shall conduct an annual examination of any financial statements of this Plan and Trust Agreement and of other books and records of this Plan and Trust Agreement as the
Certified Public Accountant may deem necessary to enable him to form and provide a written opinion as to whether the financial statements and related schedules required to be filed with the Department of Labor and furnished to each Participant are
presented fairly and in conformity with generally accepted accounting principles applied on a basis consistent with that of the preceding Plan Year. 
 8.12 Funding Policy: The Committee shall, at a meeting duly called for such purpose, establish a funding policy and method consistent with the objectives of this Plan and the requirements of Title I of
ERISA. The Committee shall meet at least annually to review such funding policy and method. In establishing and reviewing such funding policy and method, the Committee shall endeavor to determine the Plan’s short-term and long-term objectives
and financial needs, taking into account the need for liquidity to pay benefits and the need for investment growth. All actions of the Committee taken pursuant to this Section 8.12 and the reasons therefor shall be recorded in the minutes of
meetings of the Committee and shall be communicated to the Trustee, and any Investment Manager who may be managing a portion or all of the Trust Fund in accordance with provisions of the Trust Agreement. 
 8.13 Allocation and Delegation of Committee Responsibilities: Upon the approval of a majority of the members of the Committee, the Committee may
(i) allocate among any of the members of the Committee any of the responsibilities of the Committee under the Plan and/or (ii) designate any person, firm or corporation that is not a member of the Committee to carry out any of the
responsibilities of the Committee under the Plan. Any such allocation or designation shall be made pursuant to a written instrument executed by a majority of the members of the Committee. 
  

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 ARTICLE IX 
 CONTRIBUTIONS TO THE PLAN 
 9.1 Participant Contributions: No contributions by Participants
shall be required or permitted. 
 9.2 Employer Contributions: Each Employer shall make contributions for the benefit of its
Participants in such amounts and at such times as determined by the board of directors of such Employer in accordance with a funding method and policy to be established by the Committee which will be consistent with Plan objectives. Annually, each
Employer shall contribute at least the minimum amount required by the minimum funding standards of ERISA as determined by the Actuary. The provisions of this Section 9.2 shall be deemed the procedure for establishing and carrying out the
funding policy and method of this Plan. All contributions made by Employers to the Trust Fund shall be irrevocable and shall be used to pay benefits under the Plan or to pay expenses of the Plan and Trust Fund. Notwithstanding anything in the Plan
to the contrary, upon an Employer’s request, a contribution which was made by a mistake of fact, or conditioned upon initial qualification of the Plan or upon the deductibility of the contribution under Section 404 of the Code, shall be
returned to such Employer within one (1) year after the payment of the contribution, the denial of the initial qualification or the disallowance of the deduction (to the extent disallowed), whichever is applicable. 
 9.3 Discontinuance or Suspension of Contributions: Upon a complete discontinuance of contributions by formal action of the board of directors of
any Employer, or upon a suspension of Contributions to the Trust Fund by any Employer under such circumstances to constitute a complete discontinuance of contributions, the right of each affected Participant to his accrued benefit, to the extent
then funded, shall be nonforfeitable and the Plan shall be terminated as to such Employer in accordance with Article XII as of the effective date of such discontinuance or such subsequent date selected by such Employer. If for any year an
Employer fails to make a contribution to the Trust Fund in accordance with Section 9.2, and such failure constitutes a suspension of contributions which either affects benefits to be paid or made available hereunder or causes the unfunded past
service cost at any time to exceed the unfunded past service cost as of January 1, 1991 (plus any additional past service costs thereafter added by amendment), then in either of such events the Employer shall notify the appropriate District
Director of Internal Revenue regarding such suspension and the Pension Benefit Guaranty Corporation as required by ERISA Section 4043 and the regulations thereunder. During any such period of suspension, all other provisions of the Plan shall
continue in full force and effect, other than the provisions required for contributions to the Trust Fund in accordance with Section 9.2. Upon a complete or partial termination of the Plan, the right of each affected Participant of the Employer
to his accrued benefits to the date of such termination, to the extent then funded, shall be nonforfeitable, and the Employer shall promptly notify the appropriate District Director of Internal Revenue and the Pension Benefit Guaranty Corporation of
such event. In the case of a partial termination, the provisions of this Section 9.3 shall apply only to the portion of the Plan so terminated. 
 9.4 Forfeitures Credited Against Employer’s Contributions: All credits arising as a result of more favorable interest, mortality, turnover or other experience than has been assumed 
  

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in the actuarial determination of cost requirements, and all forfeitures by Participants or beneficiaries of Participants arising from any source whatsoever,
shall be applied against the Employer’s contributions to be made pursuant to Section 9.2 hereof in subsequent years in accordance with a method of funding approved by the U.S. Treasury Department, and shall not be applied to increase the
benefits that any Participant or the beneficiary of any Participant would otherwise receive under the Plan. 
  

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 ARTICLE X 
 AMENDMENT OF THE PLAN 
 10.1 Right to Amend Reserved: The Company may, without the assent of
any other party, amend, alter or modify this Plan at any time and from time to time in any manner except as hereinafter provided in Section 10.2. 
 10.2 Limitations on Right to Amend: No amendment to this Plan or the Trust Agreement (including a change in the actuarial basis for determining optional or early retirement benefits) shall be effective to the
extent that it has the effect of decreasing a Participant’s accrued benefit. Notwithstanding the preceding sentence, a Participant’s accrued benefit may be reduced to the extent permitted under Section 412(c)(8) of the Code. For
purposes of this paragraph, a Plan amendment which has the effect of (i) eliminating or reducing an early retirement benefit or a retirement-type subsidy or (ii) eliminating an optional form of benefit, with respect to benefits
attributable to service before the amendment, shall be treated as reducing accrued benefits. In the case of a retirement-type subsidy, the preceding sentence shall apply only with respect to a Participant who satisfies (either before or after the
amendment) the pre-amendment conditions for the subsidy. In general, a retirement-type subsidy is a subsidy that continues after retirement, but does not include a qualified disability benefit, a medical benefit, a social security supplement, a
death benefit (including life insurance) or a plant shutdown benefit (that does not continue after retirement age). Furthermore, no amendment to the Plan shall have the effect of decreasing a Participant’s vested interest determined without
regard to such amendment as of the later of the date such amendment is adopted or becomes effective. 
 If this Plan is amended and an effect
of such amendment is to increase current liability (as defined in Code Section 401(a)(29)(E)) under the Plan for a Plan Year, and the funded current liability percentage of the Plan for the Plan Year in which the amendment takes effect is less
than sixty percent (60%), including the amount of the unfunded current liability under the Plan attributable to the amendment, the amendment shall not take effect until the Employer (or any member of a controlled group which includes the Employer)
provides security to the Plan. The form and amount of such security shall satisfy the requirements of Code Sections 401(a)(29)(B) and (C). Such security may be released provided the requirements of Code Section 401(a)(29)(D) are satisfied.

 No amendment shall directly or indirectly reduce a Participant’s nonforfeitable vested percentage in his benefits under
Section 5.5 unless each Participant having not less than three (3) years of Service is permitted to elect to have his nonforfeitable vested percentage in his benefits under Section 5.5 computed under the provisions of Section 5.5
without regard to the amendment. Such election shall be available during an election period which shall begin on the date such amendment is adopted and shall end on the latest of (i) the date sixty (60) days after such amendment is
adopted, (ii) the date sixty (60) days after such amendment is effected, or (iii) the date sixty (60) days after such Participant is issued written notice of the amendment by the Committee or the Employer. 
 The Company specifically reserves the right, however, to make retroactive amendments as may be required by the Commissioner of the Internal Revenue
Service to preserve this Plan as a qualified pension plan under Section 401(a) of the Code and to maintain the tax-exempt status of its related Trust under Section 501(a) of the Code. 
  

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 10.3 Form of Amendment: Each such amendment shall be evidenced by an instrument in writing of
equal formality as this Plan, appropriately authorized by the Board of Directors executed by officers of the Company. 
 10.4 Merger of
Plan with Another Pension Plan: In the event of any merger or consolidation of this Plan with any other pension plan, or in the event of a transfer of the assets or liabilities of this Plan to another pension plan, each Participant in the Plan
shall be entitled to receive a benefit if the Plan were to terminate immediately after such merger, consolidation or transfer which is equal to or greater than the benefit he would have been entitled to receive immediately before such merger,
consolidation or transfer if the Plan had then been terminated. In the event of any such merger, consolidation or transfer, the Committee shall report such event to the Pension Benefit Guaranty Corporation within thirty (30) days after the
Committee first knew or had reason to know of such event. 
  

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 ARTICLE XI 
 THE TRUSTEE AND THE TRUST FUND 
 11.1 Trustee: A Trustee has been appointed by the Company.
Such Trustee and any successor Trustee shall serve at the pleasure of the Company and shall have such rights, duties and powers as are set forth in the Trust Agreement. 
 11.2 Trust Agreement: This Plan is a participating Plan under the Trust Agreement, known as the Cabot Oil & Gas Corporation Pension Plan Trust Agreement, effective January 1, 1991, providing for
the administration of the Trust Fund by the Trustee. All the terms and conditions of the Trust Agreement, effective January 1, 1991, and as thereafter amended from time to time, are incorporated herein by reference to the extent not
inconsistent herewith. 
 11.3 Benefits Paid Solely from Trust Fund: All benefits provided under the Plan shall be paid out of the
Trust Fund. The Employers shall not be responsible or liable in any manner for payment of any such benefits, and all Participants shall look solely to the Trust Fund and to the adequacy thereof for the payment of any such benefits of any nature or
kind which may at any time be payable hereunder, except to the extent, if any, that the Employers are liable to the Pension Benefit Guaranty Corporation under ERISA. 
 11.4 Trust Fund Applicable Only to Payment of Benefits: The Trust Fund shall be used and applied only to provide the benefits of the Plan in accordance with the provisions thereof. No part of the corpus or
income of the Trust Fund will be used for, or diverted to, purposes other than for the exclusive benefit of Participants, retired Participants and their beneficiaries, or for the payment of reasonable expenses of the Plan, except as provided in
Section 12.5. 
 11.5 Accounting by Trustee: The Trustee shall keep proper accounts of all investments, receipts, disbursements
and other transactions effected by it hereunder, and all accounts, books and records relating thereto shall be open for inspection at all reasonable times by the Committee or by any other person designated by the Company, but nothing herein
contained shall be construed to require the Trustee to maintain any record of the interests of the individual Participants in the Trust Fund. As of the close of each Plan Year (or more often, if requested by the Company), the Trustee shall prepare
and furnish to the Committee, the Employers and the Actuary an annual valuation of the Trust Fund, containing a detailed statement of investments reflecting cost and market values, and a statement of receipts and disbursements of the Trust Fund and
other transactions effected by it during such year. 
 11.6 Authorization to Protect Trustee: Any action by the Company or other
Employer pursuant to any of the provisions of this Plan shall be evidenced by an appropriate written instrument or a resolution of its board of directors certified to the Trustee over the signature of its Secretary or Assistant Secretary under its
corporate seal or by written instrument executed by any person authorized by said board of directors to take such action, and the Trustee shall be fully protected in acting in accordance with such written instrument or resolution so certified to it.

  

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 11.7 Exemption from Bond: The Trustee shall not be required to give bond or other security for the
faithful performance of its duties hereunder unless otherwise required by law. 
  

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 ARTICLE XII 
 TERMINATION OF THE PLAN 
 12.1 Right to Terminate Reserved: The Company and each other
Employer reserves the right to terminate this Plan with respect to its Employees at any time. Any such termination shall become effective when and as the Committee and the Trustee shall have received a written instrument authorizing such termination
and executed by the Company or other Employer. If the Plan is terminated by fewer than all Employers, the Plan shall continue in effect for employees of the remaining Employers. Any termination (other than a partial termination which shall occur
under circumstances set forth in Treasury Regulation Section 1.411(d)-2(b) or involuntary termination pursuant to ERISA Section 4042) must satisfy the requirements and follow the procedures outlined in ERISA Section 4041 for a
“standard termination” or in ERISA Section 4042 for a “distress termination.” Upon a complete or partial termination of the Plan, each affected Participant’s Accrued Pension, based on his Benefit Service and Average
Monthly Compensation prior to the date of such termination, shall become fully vested and nonforfeitable to the extent then funded. Any distribution made upon termination of the Plan shall be subject to the distribution limitations otherwise
applicable under the Plan, specifically including the consent provisions of Section 5.6. 
 12.2 Continuance with Successor
Employer: Upon an Employer’s liquidation, bankruptcy, insolvency, sale, consolidation or merger to or with another organization that is not an Employer hereunder, in which such Employer is not the surviving company, all obligations of that
Employer hereunder and under the Trust Agreement which have not theretofore been funded shall terminate automatically, and the Trust Fund assets attributable to such Employer shall be held or distributed as herein provided, unless the successor to
that Employer assumes the duties and responsibilities of such Employer, by adopting this Plan and the Trust Agreement, or by establishment of a separate plan and trust to which the assets of the Trust Fund held on behalf of the employees of such
Employer shall be transferred with the consent and agreement of that Employer. Upon the consolidation or merger of two or more of the Employers under this Plan with each other, the surviving Employer or organization shall automatically succeed to
all the rights and duties under the Plan and Trust Agreement of the Employers involved and their shares of the Trust Fund shall be merged and thereafter be allocable to the surviving Employer or organization for its Employees and their
beneficiaries. Notwithstanding the above provisions of this Section 12.2 to the contrary, not less than thirty (30) days prior to any such merger, consolidation or transfer of Trust Fund assets, the Committee shall file with the
Commissioner of Internal Revenue the actuarial statement of valuation required by Section 6058(b) of the Code evidencing compliance with the requirements of Section 401(a)(12) of the Code and Section 10.4 of the Plan. 
 12.3 Liquidation of Trust Fund: Upon full termination of the Plan with respect to any Employer, a separation of the Trust Fund with respect to
Participants of such Employer shall be made as of the effective date of such termination in accordance with the procedures set forth in Section 13.3. Thereafter, each Participant’s Accrued Pension based on his Benefit Service and Average
Monthly Compensation prior to the date of termination, to the extent then funded and payable under the following provisions, shall become fully vested and the assets of the Trust Fund attributable to Participants of such terminated Employer shall be
allocated, after provision 
  

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is made for the expenses of liquidating the Trust Fund and of terminating the Plan, among Participants receiving or holding the following benefits in the
following order: 
 (a) First, to benefits payable on the termination date: 
 (i) In the case of the benefit of a Participant or beneficiary which was in pay status as of the beginning of the three-year period ending
on the termination date of the Plan, to each such benefit, based on the provisions of the Plan (as in effect during the five-year period ending on such date) under which such benefit would be the least, and 
 (ii) In the case of a retired Participant’s, a disabled Participant’s or a beneficiary’s benefit (other than a benefit
described in subparagraph (i) above) which would have been in pay status as of the beginning of such three-year period if the Participant had retired prior to the beginning of the three-year period and if his benefits had commenced (in the
normal form of pension under the Plan) as of the beginning of such period, to each such benefit based on the provisions of the Plan (as in effect during the five-year period ending on such date) under which such benefit would be the least.

 For purposes of subparagraph (i) of this paragraph (a), the lowest benefit in pay status during a three-year period shall be
considered the benefit in pay status for such period. 
 (b) Second: 
 (i) To all other benefits (if any) of individuals under the Plan guaranteed under Title IV - Plan Termination
Insurance - of ERISA (determined without regard to Section 4022(b)(5) of ERISA), and 
 (ii) To the additional
benefits (if any) which would be determined under subparagraph (i) above if Section 4022(b)(6) of ERISA did not apply. 
 For
purposes of this paragraph (b), Section 4021 of ERISA shall be applied without regard to subsection (c) thereof. 
 (c) Third, to all other nonforfeitable benefits under the Plan. 
  

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 (d) Fourth, to all other benefits under the Plan. 
 If the assets available for allocation under paragraph (a) or (b) above are insufficient to satisfy in full the benefits of all individuals which are described
in such paragraph, the assets shall be allocated pro rata among individuals on the basis of the present value (as of the termination date) of their respective benefits described in such paragraph. If the assets available for allocation under
paragraph (c) or (d) above are not sufficient to satisfy in full the benefits of individuals described in such paragraph, then: 
 (A) If this paragraph applies except as provided in subparagraph (B) below, the assets shall be allocated to the benefits of individuals described in paragraph (c) above on the basis of the benefits of
individuals which would have been described in such paragraph (c) under the Plan as in effect at the beginning of the five-year period ending on the date of Plan termination. 
 (B) If the assets available for allocation under subparagraph (A) are sufficient to satisfy in full the benefits described in such
subparagraph (without regard to this subparagraph), then for purposes of subparagraph (A), benefits of individuals described in such subparagraph shall be determined on the basis of the Plan as amended by the most recent Plan amendment
effective during such five-year period under which the assets available for allocation are sufficient to satisfy in full the benefits of individuals described in subparagraph (A) and any assets remaining to be allocated under such subparagraph
shall be allocated under subparagraph (A) on the basis of the Plan as amended by the next succeeding Plan amendment effective during such period. 
 12.4 Distribution of Trust Fund: Any distribution after full termination of the Plan may be made in whole or in part, to the extent that no discrimination in value results, in cash, securities or other assets
in kind, or in annuity contracts, as the Committee, in its discretion, acting under the advice of the Actuary, shall determine; provided, however, that in no event shall a distribution be made in a form other than the Automatic Option if such
distribution would have been made in such form had the Participant terminated his Service and commenced receiving his Pension immediately prior to the date on which the distribution pursuant to this Section is made. The benefits as apportioned
pursuant to Section 12.3 above may be provided: 
 (a) By the continuation of the Trust Fund for the payment of all or
such of the benefits as are within the limits prescribed by the Committee and acceptable by the Trustee; 
 (b) Through the
purchase of annuities from one or more insurance companies with the amount of the benefit determined by a premium equal to the Actuarial Value of each Participant’s benefit; 
 (c) By distribution in a single sum of the Actuarial Value of each Participant’s benefit; provided, however, that the Participant may
elect to receive the single sum (i) as a lump sum payment or (ii) as an immediate annuity in the form of a Single Life Annuity with no survivors or a Joint and Survivor Annuity 

  

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that is a joint and 50 percent survivor level annuity that is the Actuarial Equivalent of the Participant’s single life annuity and with payments to
continue after the death of the Participant at 50 percent, 75 percent or 100 percent of such benefit (according to his election); and 
 (d) By any combination of (a), (b) and (c). In making such distributions, any and all determinations, divisions, appraisals, apportionments and allotments so made shall be final and conclusive and shall not be
subject to question by any person. Any annuity contract distributed by the Trustee to a Participant under subparagraph (b) above or under any other provision of this Plan shall bear on the face thereof a designation “Not
Transferable,” and such annuity contract shall expressly provide that the contract may not be sold, assigned, discounted or pledged as collateral for a loan or as security for the performance of an obligation or for any other purpose to any
person other than the issuer thereof. Notwithstanding the foregoing, the Employer or the Committee shall promptly advise the appropriate District Director of Internal Revenue and the Pension Benefit Guaranty Corporation of the termination and shall
direct the Trustee to delay the final distribution to Participants until said District Director shall advise in writing that such termination does not adversely affect the previously qualified status of the Plan or the exemption from tax of the
Trust under Section 401(a) or 501(a) of the Code and the Pension Benefit Guaranty Corporation has approved the proposed termination distribution or made any appropriate requirements concerning same. 
 12.5 Residual Amounts: In no event shall any Employer receive any amounts from the Trust Fund except that upon termination of the Plan, and
notwithstanding any other provision of the Plan, an Employer shall receive such amounts, if any, as may remain in the Trust Fund because of erroneous actuarial computation as defined in U.S. Treasury Regulations and as determined by the Company in
its sole discretion. 
 12.6 Limitations Imposed by Treasury Regulations upon Early Termination of Plan: The Plan shall be operated in
compliance with the following: 
 (a) In the event that the Plan is terminated at any time after the Effective Date, the
benefit of any highly compensated employee or any highly compensated former employee is limited to a benefit that is nondiscriminatory under Section 401(a)(4) and any regulations thereunder. 
 (b) Notwithstanding anything in the Plan to the contrary, the benefits from the Trust Fund for each Participant, whether retired or not,
who is among the twenty-five (25) most highly compensated Employees (herein referred to as the “Highly Paid Participant”) shall be limited as follows. The annual payments to a Highly Paid Participant shall be restricted to an amount
equal to the payments he would receive under a single life annuity that represents the Actuarial Equivalent of the sum of his accrued benefit and any other benefits he is entitled to receive under this Plan. However, this limitation shall not apply
if one of the following conditions is satisfied: 
 (1) after payment of all benefits (including loans in excess of amounts
described in Code Section 72(p)(2)(A), any periodic income, withdrawal values payable to a living employee, and any benefits not provided for by insurance of the employee’s life) to the Highly Paid Participant, the value of Plan assets
equals or exceeds 110 percent of the value of current liabilities (as defined in Code Section 412(l)(7)), or 
  

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 (2) the value of such benefits for the Highly Paid Participant is less than 1 (one)
percent of the value of current liabilities. 
 In the event of early plan termination, the benefit of any highly compensated active or
former Employee is limited to a benefit that is non-discriminatory under Section 401(a)(4). In the event of early plan termination, benefits distributed to any of the 25 most highly compensated active and highly compensated former Employees
with the greatest Compensation in the current or any prior year are restricted such that the annual payments are no greater than an amount equal to the payment that would be made on behalf of the Employee under a straight life annuity that is the
actuarial equivalent of the sum of the Employee’s accrued benefit, the Employee’s other benefits under the Plan (other than a social security supplement, within the meaning of Section 1.411(a)-7(c)(4)(ii) of the Income Tax
Regulations), and the amount the Employee is entitled to receive under a social security supplement. 
 The preceding paragraph shall not
apply if: (i) after payment of the benefit to an Employee described in the preceding paragraph, the value of Plan assets equals or exceeds 110% of the value of current liabilities, as defined in Section 412(l)(7) of the Code, (ii) the
value of the benefits for an Employee described above is less than 1% of the value of current liabilities before distribution, or (iii) the value of the benefits payable under the Plan to an Employee described above does not exceed $5,000.

 For purposes of this Section, benefit includes loans in excess of the amount set forth in Section 72(p)(2)(A) of the Code, any
periodic income, any withdrawal values payable to a living Employee, and any death benefits not provided for by insurance on the Employee’s life. 
  

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 ARTICLE XIII 
 ADOPTION OF PLAN BY OTHER ORGANIZATIONS 
 13.1 Procedure for Adoption: Any corporation or
other organization with employees, now in existence or hereafter formed or acquired, which is not already an Employer under this Plan which is otherwise legally eligible, and, unless otherwise specifically provided, is an Affiliate, may, in the
future, with the consent and approval of the Company, by formal resolution or decision of its own board or governing authority, adopt the Plan and the related Trust Agreement, for all or any classification of persons in its employment, and thereby,
from and after the specified effective date become an “Employer” as defined in this Plan. Such adoption shall be effectuated by and evidenced by an adoptive instrument executed by the adopting organization and consented to by the Company
and the Trustee. The adoption resolution or decision and the adoptive instrument may contain such specific changes and variations in Plan or Trust Agreement terms and provisions as may be acceptable to the Company and the Trustee. The adoption
resolution or decision and the adoptive instrument shall become, as to such adopting organization and its employees, a part of this Plan as then amended and the related Trust Agreement. It shall not be necessary for the adopting organization to sign
or execute the original or then amended Plan and Trust documents. The effective date of the Plan for any such adopting organization shall be that stated in such resolution or decision and the adoptive instrument, and from and after such effective
date such adopting organization shall assume all the rights, obligations and liabilities of an individual Employer entity hereunder and under the Trust Agreement, and shall be included within the meaning of the term “Employer,” as herein
defined. Such adopting corporation or other organization shall forthwith obtain a favorable determination letter from the appropriate District Director of Internal Revenue with respect to its participation in the Plan and Trust Agreement. The
administrative powers and control of the Company, as provided in the Plan, including the sole right of amendment of the Plan and of appointment and removal of the Committee members, shall not be diminished by reason of the participation of any such
adopting organization in the Plan and Trust. Any participating Employer may withdraw from the Plan and Trust at any time without affecting other Employers not withdrawing by complying with the provisions of the Plan and Trust Agreement. The Company
may, in its absolute discretion, terminate an adopting Employer’s participation at any time when in its judgment such adopting Employer fails or refuses to discharge its obligations. Notwithstanding any provision in this Plan to the contrary,
unless otherwise specifically provided, a corporation or other organization which has adopted this Plan and which is no longer a member of an affiliated service group, a controlled group or a group of trades or businesses of which the Company is a
member shall no longer be an Employer under this Plan. 
 13.2 Effect of Adoption: The following special provisions shall apply to all
Employers: 
 (a) An Employee shall be considered in continuous Service while regularly employed simultaneously or
successively by one or more Employers. 
 13.3 The transfer of a Participant from one Employer to another or to an Affiliate shall not be
deemed a termination of Service. 
  

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 13.4 Separation of the Trust Fund: A separation of the Trust Fund as to the interests therein of
the Participants of any particular Employer may be made at the times and under the circumstances described in Section 12.3, 13.4 or 13.5. In such event, the Trustee shall set apart that portion of the Trust Fund which the Committee shall
certify to the Trustee is the equitable share of such Participants pursuant to a valuation and allocation of the Trust Fund made as of the date when such separation of the Trust Fund shall be effective. Such portions of the Trust Fund may in the
Trustee’s discretion be set apart in cash or in kind out of the properties of the Trust Fund. That portion of the Trust Fund so set apart shall continue to be held by the Trustee as though such Employer had entered into the Trust Agreement as a
separate trust agreement with the Trustee. Such Employer may in such event designate a new trustee of its selection to act as trustee under the Trust Agreement, and shall thereupon be deemed to have adopted the Plan as its own separate plan and
shall subsequently have all the powers of amendment or modification of the Plan as are reserved herein to the Company. 
 13.5 Voluntary
Separation: If any Employer shall desire to separate its interest in the Trust Fund, it may request such a separation in a notice in writing to the Company and the Trustee. Such separation must be approved by the Board of Directors shall then be
made as of any specified date after service of such notice, and such separation shall be accomplished in the manner set forth in Section 13.3 above. 
 13.6 Approval of Amendment: Any amendment of the Plan or the Trust Agreement by the Company pursuant to Article X shall be promptly delivered to each other Employer who will be deemed to have consented to
such amendment unless it, within thirty (30) days after receipt of the amendment, rejects such amendment and seeks a separation of its interest in the Trust Fund in accordance with the provisions of Section 13.3 hereof. 
  

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 ARTICLE XIV 
 MISCELLANEOUS 
 14.1 Interest on Deferred Payments: In the
event that any portion of a lump-sum benefit provided and payable under this Plan is not paid within sixty (60) days after the termination of employment, Disability or death of a Participant, whichever is applicable, such unpaid portion shall
earn interest until paid at a eight and one-half percent (8 1/2%) rate of interest. 
 14.2 Plan Not an Employment Contract: The adoption and maintenance of the Plan shall not be deemed to constitute a contract between an Employer
and any Participant, and shall not be deemed to be consideration for, inducement to or a condition of employment of any person. Nothing herein contained shall be construed to give any Participant the right to be retained in the employment of an
Employer or to interfere with the right of an Employer to terminate the employment of any Participant at any time. 
 14.3 Controlling
Law: Subject to the provisions of ERISA, as the same may be amended from time to time, which may be applicable and provide to the contrary, this Plan shall be construed, regulated and administered under the laws of the State of Texas.

 14.4 Invalidity of Particular Provisions: In the event any provision of this Plan shall be held illegal or invalid for any reason,
said illegality or invalidity shall not affect the remaining provisions of this Plan but shall be fully severable, and this Plan shall be construed and enforced as if said illegal or invalid provisions had never been inserted herein. 
 14.5 Non-Alienability of Rights of Participants: Except as otherwise provided below and with respect to certain judgments and settlements pursuant
to Section 401(a)(13) of the Code, no benefit which shall be payable out of the Trust Fund to any person (including a Participant or Beneficiary) shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge,
encumbrance or charge, and any attempt to anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same shall be void; and no such benefit shall in any manner be liable for, or subject to, the death, contracts, liabilities,
engagements or torts of any person, and the same shall not be recognized by the Trustee, except to the extent as may be required by law. 
 This provision shall not apply to a “qualified domestic relations order” defined in Code Section 414(p), and those other domestic relations orders permitted to be so treated by the Committee under the provisions of the
Retirement Equity Act of 1984. Further, to the extent provided under a “qualified domestic relations order,” a former spouse of a Participant shall be treated as the Spouse or Surviving Spouse for all purposes of the Plan. If the Committee
receives a qualified domestic relations order with respect to a Participant, the Committee may authorize the immediate distribution of the amount assigned to the Participant’s former spouse, to the extent permitted by law, from the
Participant’s Accounts. 
  

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 14.6 Copy Available to Participants: A copy of this Plan and the Trust Agreement and of any and
all future amendments thereto shall be available to Participants and their beneficiaries for inspection at all reasonable times. 
 14.7
Evidence Furnished Conclusive: Each Employer, the Committee and any person or persons involved in the administration of the Plan shall be entitled to rely upon any certification, statement or representation made or evidence furnished by an
Employee, Participant or beneficiary with respect to his age, or other facts required to be determined under any of the provisions of the Plan, and shall not be liable on account of the payment of any monies or the doing of any act or failure to act
in reliance thereon. Any such certification, statement, representation or evidence, upon being duly made or furnished, shall be conclusively binding upon such Employee, Participant or beneficiary but not upon an Employer, the Committee or any other
person or persons involved in the administration of the Plan. Nothing herein contained shall be construed to prevent any of such parties from contesting any such certification, statement, representation or evidence or to relieve the Employee,
Participant or beneficiary from the duty of submitting satisfactory proof of his age or such other fact. 
 14.8 Unclaimed Benefits:
If at, after or during the time when a benefit hereunder is payable to any Participant, Joint Pensioner or other distributee, the Committee, upon request of the Trustee, or in its own instance, shall mail by registered or certified mail to such
Participant, Joint Pensioner or other distributee at his last known address a written demand for his current address or for satisfactory evidence of his continued life, or both, and if such Participant, Joint Pensioner or other distributee shall
fail to furnish the same to the Committee within two (2) years from the mailing of such demand, the Committee may, in its sole discretion, determine that such Participant, Joint Pensioner or other distributee has forfeited his right to such
benefit and declare such benefit, or any unpaid portion thereof, terminated as if the death of the Participant (with no surviving Joint Pensioner or other distributee) had occurred on the date of the last payment made thereon, or the date such
Participant, Joint Pensioner or other distributee first became entitled to receive benefit payments, whichever is later; provided, however, that such forfeited benefit shall be reinstated if a claim for the same is made by the Participant, Joint
Pensioner or other distributee at any time thereafter. 
 14.9 Name and Address Changes: Each Participant and each Joint Pensioner or
other beneficiary of a deceased Participant shall at all times be responsible for notifying the Committee of any change in his name or address. If any check in payment of a benefit hereunder (which was mailed to the last address of the payee as
shown on the Committee’s records) is returned unclaimed, further payments shall be discontinued until the Committee directs otherwise. 
 14.10 Facility of Payment: If the Committee receives satisfactory evidence that any person entitled to make any election or to receive any payment of a benefit or installment thereof hereunder is (at the time such election or payment
is to be made) physically, mentally or legally incompetent to make such election or to receive such benefit and to give a valid receipt therefor and that an individual or institution is then maintaining or has custody of such person and that no
guardian, committee or other representative of the estate of such person has been duly appointed, the Committee may make such election in its complete and absolute discretion or may authorize payment of such benefit to such individual or institution
maintaining or having the custody of such person, and the receipt of such individual or institution shall be a valid and complete discharge for the payment of such benefit or installment thereof. Deposit to the credit of a Participant or beneficiary
in any bank or trust company shall be deemed payment into his hands. 
  

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 14.11 Payments in Satisfaction of Claims of Participants: Any payment or distribution to any
Participant or his legal representative, Joint Pensioner or beneficiary in accordance with the provisions of this Plan shall be in full satisfaction of all claims under the Plan against the Trust Fund, the Committee, the Trustee and the Employer.

 14.12 Headings for Convenience Only: The headings and subheadings in this Plan are inserted for convenience and reference only and
are not to be used in construing this Plan or any provision herein. 
  

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 ARTICLE XV 
 LIMITATION ON BENEFITS 
 Notwithstanding any provision of this Plan to the contrary, the total Annual
Benefit received by an Employee shall be subject to the following limitations: 
  

	 	I.	Single Defined Benefit Plan 

 The normal
retirement benefit of any Employee under this Plan cannot exceed the lesser of $160,000 (increased annually for Limitation Years in accordance with Section 415(d) of the Code to reflect cost-of-living adjustments, and specifically being no less
than $170,000 by 2009) or one hundred percent (100%) of such Employee’s Average Compensation. For purposes of determining whether an Employee’s benefits exceed these limitations, the following rules shall apply: 
 1. Adjustment If Benefit Not Single Life Annuity 
 If the normal form of benefit is other than a single life annuity, such form must be adjusted actuarially to the equivalent of a single
life annuity. This single life annuity cannot exceed the maximum dollar or percent limitations outlined above. No adjustment is required for the following: qualified joint and survivor annuity benefits, pre-retirement disability benefits,
pre-retirement death benefits and post-retirement medical benefits. 
 2. Adjustment If Benefit Commences Prior to Age 62

 If the benefit of a Participant begins prior to age 62, the dollar limitation applicable to the Participant at such earlier
age is an annual benefit payable in the form of a straight life annuity beginning at the earlier age that is the Actuarial Equivalent of the dollar limitation applicable to the Participant at age 62 (adjusted under subsection (4) below, if
required). The dollar limitation applicable at an age prior to age 62 is determined as the lesser of (i) the Actuarial Equivalent (at such age) of the dollar limitation computed using the interest rate and mortality table (or other tabular
factor) specified in Section 1.1 of the Plan and (ii) the Actuarial Equivalent (at such age) of the dollar limitation computed using a 5 percent interest rate and the Applicable Mortality Table as provided in Section 1.1 of the Plan.
Any decrease in the dollar limitation determined in accordance with this paragraph (2) shall not reflect a mortality decrement if benefits are not forfeited upon the death of the Participant. If any benefits are forfeited upon death, the full
mortality decrement is taken into account. 
 3. Adjustment If Benefit Commences After Age 65 
 If the benefit of a Participant begins after the Participant attains age 65, the dollar limitation applicable to the Participant at the
later age is the annual benefit payable in the form of a straight life annuity beginning at the later age that is 

  

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actuarially equivalent to the dollar limitation applicable to the participant at age 65 (adjusted under (4) below, if required). The actuarial
equivalent of the dollar limitation applicable at an age after age 65 is determined as (i) the lesser of the Actuarial Equivalent (at such age) of the dollar limitation computed using the interest rate and mortality table (or other tabular
factor) specified in Section 1.1 of the Plan and (ii) the actuarial equivalent (at such age) of the dollar limitation computed using a 5 percent interest rate assumption and the Applicable Mortality Table as provided in Section 1.1 of
the Plan. For these purposes, mortality between age 65 and the age at which benefits commence shall be ignored. 
 4.
Reduction For Service Less than 10 Years 
 If the Participant has fewer than 10 years of participation in the Plan, the
dollar limitation shall be multiplied by a fraction, (i) the numerator of which is the number of years (or part thereof) of participation in the Plan and (ii) the denominator of which is 10. In the case of a Participant who has fewer than
10 years of service with the Employer, the defined benefit compensation limitation shall be multiplied by a fraction, (i) the numerator of which is the number of years (or part thereof) of service with the Employer and (ii) the denominator
of which is 10. 
 5. Adjustment For Small Benefits 
 In the case of an Employee whose Annual Benefit is not in excess of $10,000, the benefits payable with respect to such Employee under this
Plan shall be deemed not to exceed the limitation of this Section if: 
 A. The Annual Benefits payable with respect to such
Employee under this Plan and all other defined benefit plans of the Employer do not exceed $10,000 for the Plan Year or for any prior Plan Year, and 
 B. The Employer has not at any time maintained a defined contribution plan in which the Employee participated. 
 6. Protected Accrued Benefit 
 Notwithstanding anything in this Article XV to the contrary,
the maximum annual benefit for any Participant in a defined benefit plan in existence on July 1, 1982 shall not be less than the protected current accrued benefit, payable annually, as provided for under question T-3 of Internal Revenue
Service Notice 83-10, 1983-1 C.B. 536. In the case of an individual who was a participant in one or more defined benefit plans of the Employer as of the first day of the first Limitation Year beginning after December 31, 1986, the
application of the limitation of this Article XV shall not cause the maximum permissible amount for such individual under all such defined benefit plans to be less than the individual’s current accrued benefit. The preceding sentence
applies only if such defined benefit plans met the requirements of Code Section 415 for all Limitation Years beginning before January 1, 1987. 
  

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	 	II.	Two or More Defined Benefit Plans 

 If the Employer maintains one or more defined benefit plans in addition to this Plan, the sum of the normal retirement benefits of all plans will be treated as a single benefit for the purposes of applying the limitations in
Section 15(I). If these benefits exceed, in the aggregate, the limitations in Section 15(I), the normal retirement benefit under this Plan shall be reduced (but not below zero) until the sum of the benefits of the remaining plans satisfy
the limitations. 
  

	 	III.	Definitions

 1. Employer: The
Company and any other Employer that adopts this Plan. In the case of a group of employers which constitutes a controlled group of corporations (as defined in Code Section 414(b) as modified by Code Section 415(h)) or which constitutes
trades and businesses (whether or not incorporated) which are under common control (as defined in Code Section 414(c) as modified by Code Section 415(h)) or an affiliated service group (as defined in Code Section 414(m)), all such
employers shall be considered a single Employer for purposes of applying the limitations of this Section. 
 2. Excess
Amount: The excess of the Employee’s Annual Additions for the Limitation Year over the Maximum Permissible Amount. 
 3. Limitation Year: The period from January 1 to December 31 each year. 
 4. Compensation:
For purposes of determining compliance with the limitations of Code Section 415, Compensation shall mean an Employee’s earned income, wages, salaries, fees for professional services and other amounts received for personal services actually
rendered in the course of employment with an Employer maintaining the Plan, including, but not limited to, commissions paid to salesmen, compensation for services based on a percentage of profits, commissions on insurance premiums, tips and bonuses,
and excluding the following: 
 (a) Employer contributions to a plan of deferred compensation to the extent contributions are
not included in gross income of the Employee for the taxable year in which contributed, or on behalf of an Employee to a simplified employee pension plan to the extent such contributions are deductible under Code Section 219(b)(2), and any
distributions from a plan of deferred compensation whether or not includable in the gross income of the Employee when distributed (however, any amounts received by an Employee pursuant to an unfunded nonqualified plan may be considered as
Compensation in the year such amounts are included in the gross income of the Employee); 
 (b) amounts realized from the
exercise of a non-qualified stock option, or when restricted stock (or property) held by an Employee becomes freely transferable or is no longer subject to a substantial risk of forfeiture; 
  

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 (c) amounts realized from the sale, exchange or other disposition of stock acquired under
a qualified stock option; and 
 (d) other amounts which receive special tax benefits, or contributions made by an Employer
(whether or not under a salary reduction agreement) towards the purchase of an annuity contract described under Code Section 403(b) (whether or not the contributions are excludable from the gross income of the Employee). 
 Notwithstanding anything to the contrary in this definition, Compensation shall include any and all items which may be included in Compensation under Code
Section 415(c)(3), including (i) any elective deferral (as defined in Code Section 402(g)(3) and (ii) any amount which is contributed or deferred by the Employer at the election of the Employee and which is not includible in the
gross income of the Employee by reason of Code Section 125, 132(f)(4) or 457. 
 5. Average Compensation: The
average Compensation during an Employee’s high three (3) years of service, which period is the three (3) consecutive calendar years (or, the actual number of consecutive years of employment for those Employees who are employed for
less than three (3) consecutive years with the Employer) during which the Employee had the greatest aggregate Compensation from the Employer. 
 6. Annual Benefit: A benefit payable annually in the form of a straight life annuity (with no ancillary benefits) under a plan to which Employees do not contribute and under which no rollover contributions are
made. 
  

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 ARTICLE XVI 
 TOP-HEAVY PLAN REQUIREMENTS 
 16.1 General Rule: For any Plan Year for which this Plan is a
Top-Heavy Plan, as defined in Section 16.7, any other provisions of this Plan to the contrary notwithstanding, this Plan shall be subject to the provisions of this Article XVI. 
 16.2 Vesting Provisions: Each Participant who has completed an Hour of Service after the Plan becomes top heavy and while the Plan is top heavy
and who has completed the Vesting Service specified in the following table shall be vested in his accrued benefit under this Plan at least as rapidly as is provided in the following schedule (but in any event no later than in accordance with Article
IV): 
  

			
	 Vesting Service
	  	Vested
Percentage
	 Less than 2 years
	  	0%
	 2 but less than 3 years
	  	20%
	 3 but less than 4 years
	  	40%
	 4 but less than 5 years
	  	60%
	 5 years or more
	  	100%

 If an account becomes vested by reason of the application of the preceding schedule, it may not
thereafter be forfeited by reason of re-employment after retirement pursuant to a suspension of benefits provision, by reason of withdrawal of any mandatory employee contributions to which Employer contributions were keyed, or for any other reason.
If the Plan subsequently ceases to be top heavy, the preceding schedule shall continue to apply with respect to any Participant who had at least three years of service (as defined in Treasury Regulation Section 1.411(a)-8T(b)(3)) as of the
close of the last year that the Plan was top heavy. For all other Participants, the non-forfeitable percentage of their accrued benefit prior to the date the Plan ceased to be top heavy shall not be reduced, but future increases in the
non-forfeitable percentage shall be made only in accordance with Article IV. 
 16.3 Minimum Benefit Provisions: Each Participant who
is a Non-Key Employee, as defined in Section 16.7, shall be entitled to an accrued benefit in the form of a single life annuity (with no ancillary benefits) beginning at his Normal Retirement Date, that shall not be less than his average annual
Participant’s Compensation, within the meaning of Section 415 of the Code, for years in the Testing Period multiplied by the lesser of: (a) 2% multiplied by the number of years of Top-Heavy Service or (b) 20%. A Non-Key Employee
may not fail to receive a minimum benefit because of a failure to receive a specified minimum amount of Compensation or a failure to make mandatory employee or elective contributions. 
 “Testing Period” means, with respect to a Participant, the period of consecutive years of Top-Heavy Service, not exceeding five, during which
the Participant had the greatest aggregate compensation, within the meaning of Section 415 of the Code, from the Employer. “Top-Heavy Service” means his vesting service credited under Section 2.1. Top-Heavy Service 

  

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shall not include any vesting service before January 1, 1984 or any vesting service that begins after the close of the last Plan Year in which the Plan
was a Top-Heavy Plan. Years before and after such excluded periods shall be considered consecutive for purposes of determining the Testing Period. 
 For purposes of satisfying the minimum benefit requirements of Section 416(c)(1) of the Code and the Plan, in determining Years of Service with the Employer, any service with the Employer shall be disregarded to the extent that such
service occurs during a Plan Year when the Plan benefits (within the meaning of Section 410(b) of the Code) no Key Employee or former Key Employee. 
 16.4 Limitation on Compensation: The annual Compensation of a Participant taken into account under this Article XVI and under Section 1.12 for purposes of computing benefits under this Plan shall not
exceed $220,000 for any Plan Year (unless adjusted in the same manner as permitted under Code Section 415(d)). Such amount shall be adjusted automatically for each Plan Year to the amount prescribed by the Secretary of the Treasury or his
delegate pursuant to regulations for the calendar year in which such Plan Year commences. 
 16.5 Coordination With Other Plans: If
another qualified employee benefit plan is maintained by a Considered Company which provides contributions or benefits on behalf of Participants in this Plan, such other plan shall be treated as a part of this Plan pursuant to applicable principles
prescribed by U.S. Treasury Regulations or applicable IRS rulings (such as Revenue Ruling 81-202 or any successor ruling) to determine whether this Plan satisfies the requirements of Sections 16.2, 16.3 and 16.4 and to avoid inappropriate omissions
or inappropriate duplication of minimum contributions. Such determination shall be made, upon the advice of counsel, by the Committee. 
 In
the event a Participant is covered by a defined benefit plan which is top heavy pursuant to Section 416 of the Code, a comparability analysis (as prescribed by Revenue Ruling 81-202 or any successor ruling) shall be performed in order to
establish that the plans are providing benefits at least equal to the defined benefit minimum. 
 16.6
Distributions to Certain Key Employees: Notwithstanding any provision of this Plan to the contrary, the entire interest in this Plan of each Participant who is a 5% owner (as described in Section 416(i)(1) of the Code determined with
respect to the Plan Year ending in the calendar year in which such individual attains age 70 1/2) shall be
distributed to such Participant not later than the first day of April following the calendar year in which such individual attains age 70 1/2. 
 16.7 Determination of Top-Heavy Status: The Plan shall be a
Top-Heavy Plan for any Plan Year if, as of the Determination Date, the present value of the cumulative accrued benefits under the Plan (determined as of the Valuation Date) for Participants (including former Participants) who are Key Employees
exceeds 60% of the present value of the cumulative accrued benefits under the Plan for all Participants (including former Participants) or, if this Plan is required to be in an Aggregation Group, any such Plan Year in which such Group is a Top-Heavy
Group. In determining Top-Heavy status, if an individual has not performed one Hour of Service for any Considered Company at any time during the one-year period ending on the 

  

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Determination Date, any accrued benefit for such individual and the aggregate accounts of such individual shall not be taken into account. The accrued
benefit of any employee (other than a Key Employee) shall be determined under (a) the method, if any, that uniformly applies for accrual purposes under all plans maintained by the Aggregation Group or (b) if there is no such method, as if
such benefit accrued not more rapidly than the slowest accrual rate permitted under the fractional accrual rate of Code Section 411(b)(1)(C). 
 For purposes of this Section, the capitalized words have the following meanings: 
 (a)
“Aggregation Group” means the group of plans, if any, that includes both the group of plans that is required to be aggregated and the group of plans that is permitted to be aggregated. The group of plans that is required to be aggregated
(the “required aggregation group”) includes: 
 (i) Each plan of a Considered Company in which a Key Employee is a
participant, including collectively bargained plans; and 
 (ii) Each other plan, including collectively bargained plans, of a
Considered Company which enables a plan in which a Key Employee is a participant to meet the requirements of either Code Section 401(a)(4) or 410. 
 (b) The group of plans that is permitted to be aggregated (the “permissive aggregation group”) includes the required aggregation group and any plan that is not part of the required aggregation group that the
Committee certifies as constituting a plan within the permissive aggregation group. Such plans may be added to the permissive aggregation group only if, after the addition, the aggregation group as a whole continues to meet the requirements of both
Code Sections 401(a)(4) and 410. 
 (c) “Considered Company” means the Employer or an Affiliate. 
 (d) “Determination Date” means for any Plan Year the last day of the immediately preceding Plan Year or in the case of the first
Plan Year of the Plan, Determination Date means the last day of such Plan Year. 
 (e) “Key Employee” means any
Employee or former Employee (including any deceased Employee) who at any time during the Plan Year that includes the Determination Date was an officer of a Considered Company having annual compensation greater than $130,000 (as adjusted under
Section 416(i)(1) of the Code for Plan Years beginning after December 31, 2002), a 5-percent owner of a Considered Company, or a 1-percent owner of a Considered Company having annual compensation of more than $150,000. For this purpose,
annual compensation means compensation within the meaning of Section 415(c)(3) of the Code. The determination of who is a Key Employee will be made in accordance with Section 416(i)(1) of the Code and the applicable regulations and other
guidance of general applicability issued thereunder. 
  

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 (f) A “Non-Key Employee” means any Participant (and any Beneficiary of a
Participant) who is not a Key Employee. 
 (g) “Top-Heavy Group” means the Aggregation Group, if, as of the
applicable Determination Date, the sum of the present value of the cumulative accrued benefits for Key Employees under all defined benefit plans included in the Aggregation Group plus the aggregate of the accounts of Key Employees under all defined
contribution plans included in the Aggregation Group exceeds 60% of the sum of the present value of the cumulative accrued benefits for all employees, excluding former Key Employees as provided in paragraph (i) below, under all such defined
benefit plans plus the aggregate accounts for all employees, excluding former Key Employees as provided in paragraph (i) below, under all such defined contribution plans. In determining Top-Heavy status, if an individual has not performed one
Hour of Service for any Considered Company at any time during the one-year period ending on the Determination Date, any accrued benefit for such individual and the aggregate accounts of such individual shall not be taken into account. If the
Aggregation Group that is a Top-Heavy Group is a permissive aggregation group, only those plans that are part of the required aggregation group will be treated as Top-Heavy Plans. If the Aggregation Group is not a Top-Heavy Group, no plan within
such group will be a Top-Heavy Plan. 
 In determining whether this Plan constitutes a Top-Heavy Plan, the Committee (or its agent) will make
the following adjustments: 
 (i) When more than one plan is aggregated, the Committee shall determine separately for each
plan as of each plan’s Determination Date the present value of the accrued benefits (for this purpose using the actuarial assumptions set forth in the applicable plan, and if such assumptions are not set forth in the applicable plan, using the
assumptions set forth in this Plan) or account balance. The results shall then be aggregated by adding the results of each plan as of the Determination Dates for such plans that fall within the same calendar year. 
 (ii) The present values of accrued benefits and the amounts of account balances of an Employee as of the Determination Date shall be
increased by the distributions made with respect to the Employee under the Plan and any plan aggregated with the Plan under Section 416(g)(2) of the Code during the 1-year period ending on the Determination Date. The preceding sentence shall
also apply to distributions under a terminated plan which, had it not been terminated, would have been aggregated with the Plan under Section 416(g)(2)(A)(i) of the Code. In the case of a distribution made for a reason other than separation
from service, death, or disability, this provision shall be applied by substituting “5-year period” for “1-year period.” 
  

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 The accrued benefits and accounts of any individual who has not performed services for a
Considered Company during the 1-year period ending on the Determination Date shall not be taken into account. 
 (iii)
Further, in making such determination, such present value or such account shall include any rollover contribution (or similar transfer) as follows: 
 (A) If the rollover contribution (or similar transfer) is initiated by the employee and made to or from a plan maintained by another Considered Company, the plan providing the distribution shall include such
distribution in the present value of such account; the plan accepting the distribution shall not include such distribution in the present value of such account unless the plan accepted it before December 31, 1983. 
 (B) If the rollover contribution (or similar transfer) is not initiated by the employee or made from a plan maintained by another
Considered Company, the plan accepting the distribution shall include such distribution in the present value of such account, whether the plan accepted the distribution before or after December 31, 1983; the plan making the distribution shall
not include the distribution in the present value of such account. 
 (h) In any case where an individual is a Non-Key
Employee with respect to an applicable plan but was a Key Employee with respect to such plan for any prior Plan Year, any accrued benefit and any account of such Employee shall be altogether disregarded. For this purpose, to the extent that a Key
Employee is deemed to be a Key Employee if he met the definition of Key Employee within any of the four preceding Plan Years, this provision shall apply following the end of such period of time. 
 (i) “Valuation Date” means for purposes of determining the present value of an accrued benefit as of the Determination Date the
date determined as of the most recent Valuation Date which is within a 12-month period ending on the Determination Date. For the first plan year of a plan, the accrued benefit for a current employee shall be determined either (i) as if the
individual terminated service as of the Determination Date, or (ii) as if the individual terminated service as of the Valuation Date, but taking into account the estimated accrued benefit as of the Determination Date. The Valuation Date shall
be determined in accordance with the principles set forth in Q.&A. T-25 of Treasury Regulations Section 1.416-1. 
 (j) For purposes of this Article, “Compensation” shall have the meaning given to it in Section 15(III)(4) of the Plan. 
  

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 IN WITNESS WHEREOF, Cabot Oil & Gas Corporation has executed these presents as evidenced by the
signatures of its duly authorized officers, in a number of copies, all of which shall constitute but one and the same instrument, which may be sufficiently evidenced by any such executed copy hereof, this      day of
            , 2006, but effective as of January 1, 2006. 
  

			
	CABOT OIL & GAS CORPORATION
		
	By	 	  

		 	Vice President

  

			
	 ATTEST:

	
	  

		
	 [SEAL]
	 	
		
	 THE STATE OF TEXAS
	 	§
		 	§
	 COUNTY OF HARRIS
	 	§

 BEFORE ME, the undersigned authority, on this day personally appeared
                    ,
                     of CABOT OIL & GAS CORPORATION, known to me to be the person and officer whose name is subscribed to the
foregoing instrument, and acknowledged to me that the same was the act of the said CABOT OIL & GAS CORPORATION, and that he executed the same as the act and deed of such limited partnership for the purposes and consideration therein
expressed and in the capacity therein stated. 
 GIVEN UNDER MY HAND AND SEAL OF OFFICE this      day of
            , 2006. 
  

	
	  

	Notary Public, State of Texas

  

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