Document:

Exhibit
10.14

 

SSA
Global Technologies, Inc.

 

Management
Lock-Up Agreement

 

April 27, 2005

 

SSA Global Technologies, Inc.

500 W. Madison

Suite 1600

Chicago, Illinois 60661

 

Re:  SSA Global Technologies, Inc. –
Management Lock-Up Agreement

 

Dear Sirs:

 

In
connection with the public offering of shares of common stock, par value
$.01 per share, of SSA Global Technologies, Inc. (the “Company”) (the “Common
Stock”), pursuant to a Registration Statement on Form S-1 (File No. 333-116156)
originally filed with the Securities and Exchange Commission (the “SEC”) on June 3,
2004 (as amended, the “Registration Statement”), the undersigned agrees that, commencing on the date that the
Registration Statement is declared effective by the SEC (the “Effective Date”),
and during the period specified below (the “Lock-Up Period”), the undersigned
will not offer, sell, contract to sell, pledge, grant any option to purchase,
make any short sale or otherwise dispose of any shares of Common Stock of the
Company, owned directly by the undersigned (including holding as a custodian)
or with respect to which the undersigned has beneficial ownership within the rules and
regulations of the SEC (collectively the “Undersigned’s Shares”).  This Lock-Up Agreement shall not apply to any
shares of Common Stock of the Company acquired by the undersigned on the open
market after the Effective Date.

 

The foregoing restriction
is expressly agreed to preclude the undersigned from engaging in any hedging or
other transaction which is designed to or which reasonably could be expected to
lead to or result in a sale or disposition of the Undersigned’s Shares even if
such Shares would be disposed of by someone other than the undersigned.  Such prohibited hedging or other transactions
would include without limitation any short sale or any purchase, sale or grant
of any right (including without limitation any put or call option) with respect
to any of the Undersigned’s Shares or with respect to any security that
includes, relates to, or derives any significant part of its value from such
Shares.

 

The Lock-Up Period will
commence on the Effective Date and continue until the three-year anniversary of
the Effective Date or until the earlier (i) death of the undersigned, (ii) termination
by the Company of the undersigned’s employment with the Company without Cause
(as defined below) or on account of the undersigned’s Disability (as defined
below), or (iii) termination by the undersigned of his or her employment
with the Company for Good Reason (as defined below).  To the extent that, during the Lock-Up
Period, Cerberus Capital Management, L.P., General Altantic Partners LLC or any
of their respective affiliates (each a “Shareholder”) sells shares of Common
Stock of the Company either as a result of the release of the Shareholder from
any lock-up agreement entered into with J.P. Morgan Securities Inc. and
Citigroup Global Markets Inc. as the representatives of the underwriters in
connection with the offering contemplated in the Registration Statement or
following the expiration thereof, then the undersigned shall be permitted to
sell a number of shares that is equal to (a) the number of its shares
subject to this Lock-Up Agreement on the Effective Date multiplied  by
(b) a fraction, of which the

 

 

numerator is the number
of shares of Common Stock to be sold by the Shareholder and the denominator is
the total number of shares held by all of the Shareholders on the Effective
Date.  In addition, the undersigned shall
be permitted to sell that number of shares as may be approved by the
Compensation Committee of the Board of Directors of the Company from time to
time.  The remaining of the Undersigned’s
Shares shall continue to be subject to the terms and conditions set forth
herein.

 

Notwithstanding the
foregoing, the undersigned may transfer the Undersigned’s Shares (i) as a bona fide gift or gifts, provided that the donee or donees
thereof agree to be bound in writing by the restrictions set forth herein or (ii) to
any trust for the direct or indirect benefit of the undersigned or the
immediate family of the undersigned, provided that the trustee of the trust
agrees to be bound in writing by the restrictions set forth herein, and
provided further that any such transfer shall not involve a disposition for
value.  For purposes of this Lock-Up
Agreement, “immediate family” shall mean any relationship by blood, marriage or
adoption, not more remote than first cousin. 
The undersigned now has, and, except as contemplated by clauses (i) and
(ii) above, for the duration of this Lock-Up Agreement will have, good and
marketable title to the Undersigned’s Shares, free and clear of all liens,
encumbrances, and claims whatsoever.  The
undersigned also agrees and consents to the entry of stop transfer instructions
with the Company’s transfer agent and registrar against the transfer of the
Undersigned’s Shares except in compliance with the foregoing restrictions.

 

For purposes of this
Lock-Up Agreement, the following terms have the meanings set forth below:

 

“Cause”
means any of the following reasons: (i) embezzlement, dishonesty, or
fraud; (ii) conviction (or plea of nolo contendere) for a felony or
conviction (or plea of nolo contendere) of any crime involving moral turpitude
or that impairs undersigned’s ability to perform his duties; (iii) improper
and material disclosure or use of the Company’s or any of its subsidiary’s
confidential or proprietary information; or (iv) the undersigned’s willful
failure or refusal to follow the lawful and good faith direction of the Company
or any subsidiary thereof to perform his material duties which, if curable,
remains uncured following thirty (30) days’ written notice to the undersigned
from the Company or any subsidiary thereof describing such failure or refusal.

 

“Disability”
means a determination by the Company in accordance with applicable law that, as
a result of a physical or mental illness, the undersigned is unable and has
been unable to perform the essential functions of his or her job with or
without reasonable accommodation for a period of (i) 90 consecutive days
or (ii) 180 days in any one (1) year period.

 

“Good
Reason” means a decrease in undersigned’s base salary (not consented to in
advance by undersigned or ratified subsequently by undersigned) or a Change of
Control (as defined below).

 

“Change
of Control” means (i) the approval by the shareholders of the Company
of a plan of complete liquidation or dissolution of the Company, (ii) the
consummation of a sale of all or substantially all of the assets of the
Company; (iii) the consummation of any transaction as a result of which
any individual or entity (other than Cerberus Capital Management, L.P., General
Atlantic Partners 76, L.P. or any of their related entities or affiliates)
becomes the “beneficial owner” (as defined in Rule 13d-3 under the
Exchange Act), directly or indirectly, of securities of the Company
representing more than fifty percent (50%) of the total voting power of all
voting securities of the Company then issued and outstanding; or (iv) the
consummation of a merger, consolidation, reorganization, or business
combination, other than a merger, consolidation, reorganization or business
combination which would result in the voting securities of the Company
outstanding immediately prior

 

 

thereto continuing
to represent (either by remaining outstanding or by being converted into voting
securities of the surviving entity) more than fifty percent (50%) of the
combined voting securities of the Company or the surviving entity immediately
after such merger, consolidation, reorganization of business combination.

 

The
undersigned understands and agrees that this Lock-Up Agreement is irrevocable
and shall be binding upon the undersigned’s heirs, legal representatives,
successors, and assigns.

 

The undersigned has received a copy of the Company’s
Statement of Policy: Securities Trades by SSA Global Employees, and the
undersigned agrees to be bound by, and to comply with, the foregoing policy, as
it may be amended from time to time.

 

This Lock-Up Agreement
may be executed in two counterparts, each of which shall be deemed an original
but both of which shall be considered one and the same instrument.

 

This Lock-Up Agreement
will be governed by and construed in accordance with the laws of the State of
New York, without giving effect to any choice of law or conflicting provision
or rule (whether of the State of New York or any other jurisdiction) that
would cause the laws of any jurisdiction other than the State of New York to be
applied.  In furtherance of the
foregoing, the internal laws of the State of New York will control the
interpretation and construction of this Lock-Up Agreement, even if under such
jurisdiction’s choice of law or conflict of law analysis, the substantive law
of some other jurisdiction would ordinarily apply.

 

This Lock-Up Agreement
shall lapse and become null and void on June 30, 2005 if the public
offering contemplated by the Registration Statement shall not have occurred on
or before such date.

 

	
   

  	
  Very truly yours,

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Graeme Roy Cooksley

  	
   

  
	
   

  	
  Exact Name of
  Shareholder

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  /s/ Graeme Roy Cooksley

  	
   

  
	
   

  	
  Authorized Signature

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
  Executive Vice
  President

  	
   

  
	
   

  	
  Title

  	
   

  
	
   

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  Agreed to and
  Acknowledged:

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  SSA Global
  Technologies, Inc.

  	
   

  	
   

  
	
   

  	
   

  	
   

  
	
  By:

  	
  /s/ Kirk J. Isaacson

  	
   

  	
   

  
	
   

  	
  Name: Kirk J. Isaacson

  	
   

  
	
   

  	
  Title:   Executive Vice President & General
  CounselEXHIBIT 10.1
                                                                    ------------

                               HARSCO CORPORATION

              Deferred Compensation Plan For Non-Employee Directors
                 (As Amended and Restated as of January 1, 2005)

            Harsco Corporation (the "Corporation") hereby adopts this Deferred
Compensation Plan for Non-Employee Directors (the "Plan") pursuant to which
eligible members of its Board of Directors may elect to defer receipt of all or
any portion of the compensation payable to them for services rendered to the
Corporation as Directors.

            1. Eligible Directors. The Directors of the Corporation eligible to
make deferral elections under this Plan shall be those Directors who are not
actively employed officers or employees of the Corporation or of any of its
subsidiaries or affiliates (hereinafter referred to individually as a
"Non-Employee Director" and collectively as the "Non-Employee Directors," which
includes such a person participating in the Plan after ceasing to be a Director
of the Corporation).

            2. Deferrable Compensation. A Non-Employee Director may elect to
defer receipt of all, any part or none of the aggregate compensation payable by
the Corporation for services rendered as a Director, including the annual base
retainer, Committee Chairman annual retainer increment, attendance fees for
board and committee meetings, and other fees for special services (in the
aggregate, the "Director's Fees").

            3. Election To Defer. A Non-Employee Director who desires to defer
receipt of all or a portion of his Director's Fees in any calendar year shall so
notify the Corporation's Pension Committee in writing before the first day of
the calendar year, specifying on a form supplied by the Committee (a) the dollar
amount or percentage of the Director's Fees to be deferred, (b) the deferral
period, (c) the form of payment, and (d) the notional investment direction;
provided, however, that an election may be filed providing for deferral of
Director's Fees payable for services from April 1 through December 31, 2005 not
later than March 15, 2005. . A newly-appointed Non-Employee Director shall be
eligible to defer payment of future Director's Fees (i.e., payable for services
performed after the filing of the election) by so notifying the Pension
Committee on the appropriate form at any time not later than 30 days of his
appointment to the Board of Directors. The elections made pursuant to this
Paragraph shall be irrevocable with respect to those Director's Fees to which
such elections pertain and shall also apply to Director's Fees payable in
subsequent calendar years unless the Non-Employee Director notifies the Pension
Committee in writing, before the first day of the calendar year, that different
elections shall apply with respect to Director's Fees payable during such
calendar year. Such new elections shall likewise continue in effect and apply to
subsequent calendar years until similarly changed.

            4. Non-Deferred Compensation. Any Director's Fees not deferred under
this Plan shall be paid in accordance with normal Corporation policy.

            5. Deferred Compensation Accounts And Notional Investment
Directions.

                        (a) Accounts: At the time a Non-Employee Director elects
to defer the receipt of compensation pursuant to Paragraph 3 above, he shall
also direct the amount of the deferral to be notionally invested in an
Interest-Bearing Account and the amount to be notionally invested in a Harsco
Stock Account. Pursuant to such investment direction, the deferral amounts shall
be credited to the appropriate accounts as set forth below:

<PAGE>

                                    (i) INTEREST-BEARING ACCOUNT: To the extent
that a Non-Employee Director elects a notional investment in an Interest-Bearing
Account, the Corporation shall credit an Interest-Bearing Account established in
his name with the amount of the deferred Director's Fees to be so invested. This
credit shall occur on a quarterly basis, as of each February 15, May 15, August
15 and November 15 for fees earned during the quarterly period ending on the day
immediately preceding such crediting date.

                                    (ii) HARSCO STOCK ACCOUNT: To the extent
that a Non-Employee Director elects a notional investment in a Harsco Stock
Account, the Corporation shall credit a Harsco Stock Account established in his
name with units (including fractions), the number of which shall be obtained by
dividing the amount of the deferred Director's Fees for that period to be so
invested, by the Fair Market Value of the Corporation's common stock on the day
immediately preceding the date such credit is to be made to the Account (i.e.
February 14 for the February 15 credit date). This credit shall occur on a
quarterly basis, as of each February 15, May 15, August 15 and November 15, for
fees earned during the quarterly period ending on the day immediately preceding
such crediting date. These units, thus calculated, are hereinafter referred to
as "Stock Equivalents." For purposes of the Plan, Fair Market Value of a share
of the Corporation's common stock on any date shall be equal to the mean between
the high and low prices at which such shares were traded (on a consolidated
basis) on the New York Stock Exchange ("NYSE") on such date, or, if no sales
were quoted on such date, on the most recent preceding date on which sales were
quoted. In the event of any change in the common stock of the Corporation by
reason of any stock dividend, recapitalization, reorganization, merger,
consolidation, split-up, combination or exchange of shares, or a rights offering
to purchase common stock at a price substantially below Fair Market Value, or of
any similar change affecting the common stock, the value and attributes of each
Stock Equivalent shall be appropriately adjusted consistent with such change to
the same extent as if such Stock Equivalents were issued and outstanding shares
of common stock of the Corporation.

            (b) Earnings: The Corporation shall credit earnings to each account
as follows:

                        (i) INTEREST-BEARING ACCOUNT: As of each February 15,
May 15, August 15 and November 15, the Corporation shall credit as earnings to
each Interest-Bearing Account established on behalf of a Non-Employee Director
an amount equal to the Five Year U.S. Treasury Note Percentage Rate multiplied
by the average daily balance in such Interest-Bearing Account during such
quarter. Such Five Year U.S. Treasury Note Percentage Rate shall be equal to one
twelfth (1/12) of the yield on U.S. Treasury Notes having a maturity date five
(5) years hence as listed in The Wall Street Journal or any successor
publication, as of market closing on the business day immediately preceding the
day such credits are to be made (i.e., February 14 for the interest credit on
February 15).

                        (ii) HARSCO STOCK ACCOUNT: As of each quarterly dividend
payment date, the Corporation shall credit as earnings to each Harsco Stock
Account an amount equal to the cash dividends payable on such date with respect
to that number of shares (including fractional shares) of its common stock equal
to the number of Stock Equivalents credited to the Harsco Stock Account on the
relevant dividend record date. The amount so credited shall then be converted
into additional Stock Equivalents in the manner described earlier using the
dividend payment date as the valuation date.

            (c) Account Transfers: A Non-Employee Director may transfer all or
part of the amount in one account to the other account by irrevocable written
notice to the Corporation's Pension Committee. Any such transfer will be
effective upon the date that the Corporation receives the

<PAGE>

written notice, and the value of the Harsco Stock Account for purposes of the
transfer shall be calculated using the Fair Market Value on the date of the
transfer. No Non-Employee Director may make a transfer between accounts within
six months of any previous opposite way transfer by such Director or within six
months of any other transaction in Corporation stock that could cause liability
under Section 16(b) of the Securities Exchange Act of 1934, and any notice of
transfer in contravention of this provision will be void.

            6. Deferral Period. At the time a Non-Employee Director elects to
defer the receipt of compensation pursuant to Paragraph 3 above, he shall
indicate the deferral period applicable to such deferred compensation by
specifying the year (the "Payment Year") in which the deferred amounts are to be
paid in a lump sum or in which installment payments shall commence; provided,
however, that in no event shall the Payment Year be later than the year
following the year in which the Non-Employee Director will attain age 72. A
Payment Year may be specified as the year following termination of service of
the Non-Employee Director. Deferrals under the Plan in different years may have
different specified Payment Years.

            7. Form Of Payment Of Deferred Compensation. Initial payments made
under the Plan shall be based upon the aggregate balance in a Non-Employee
Director's account(s) determined on the first business day of the Payment Year.
The balance in the Non-Employee Director's Interest-Bearing Account shall be the
dollar amount credited to such account as of the first business day of the
Payment Year. The balance in the Non-Employee Director's Stock Account shall be
the dollar amount determined by multiplying the Stock Equivalents credited to
such account on the first business day of the Payment Year by the Fair Market
Value of a share of common stock of the Corporation on such date. The aggregate
balance as thus determined shall be paid to him in cash either in a lump sum
within 30 days following the first business day of the Payment Year or in up to
ten (10) annual installments commencing with the Payment Year as specified in
the election to defer made pursuant to Paragraph 3 above. If an election to
receive installment payments is made, the Non-Employee Director shall receive
the first installment within 30 days following the first business day of the
Payment Year in an amount equal to the aggregate balance in his account(s)
divided by the number of years in the installment payment period. Subsequent
installments shall be computed and paid in similar fashion; provided, however,
that pending distributions in the second through final years of the installment
payment period, the aggregate balance in the Non-Employee Director's account(s)
shall be deemed to be invested in an Interest-Bearing Account and in a Harsco
Stock Account, as applicable, in the same proportion as deferred amounts under
the Plan were notionally invested on the first business day of the Payment Year,
and increased by earnings accordingly. Exhibit A attached hereto presents an
example illustrating how such a calculation is made.

            8. Other Provisions Applicable to Deferred Amounts. .

                        (a) Unforeseeable Emergency. Other provisions of the
Plan notwithstanding, if, upon the written application of a Non-Employee
Director, the Board determines that he or she has had an unforeseeable emergency
within the meaning of Code Sections 409A(a)(2)(A)(vi) and 409A(a)(2)(B)(ii), the
Board shall direct the payment to the Non-Employee Director of all or a portion
of the balance of his or her account in accordance with Section
409A(a)(2)(B)(ii).

                        (b) Transition Elections During 2005. In accordance with
transition rules under Code Section 409A, as specified in IRS Notice 2005-1
(particularly, Q/A 19(c) and Q/A 20 thereunder), (i) a Non-Employee Director
participating in the Plan may, during 2005, file a new election changing the
deferral period applicable to amounts deferred prior to the election, provided
that any new deferral period so elected complies with the requirements of
Paragraph 6

<PAGE>

above, (ii) a Non-Employee Director participating in the Plan may elect during
2005 to terminate or reduce the amount of deferrals of Director's Fees payable
during the portion of the year remaining after the filing of the election, and
(iii) a Non-Employee Director may elect during 2005 to terminate participation
in the Plan and receive payment of deferred amounts, without penalty, provided
that such payment shall be made in 2005 and must be recognized as 2005 income
for federal income tax purposes by the Non-Employee Director. Any election under
Paragraph 8(b)(i) must be filed by December 31, 2005 and any election under
Paragraph 8(b)(ii) must be filed by December 15, 2005. Elections under this
Paragraph 8(b) may apply to all or a specified portion of the Non-Employee
Director's account.

                        (c) No Other Withdrawals Permitted. Except as permitted
under Paragraphs 8(a) and (b), withdrawals from a Non-Employee Director's
Account at the election of the Non-Employee Director or subject to the
discretion of the Corporation will not be permitted. Thus, the provisions of
former Paragraph 8 of the Plan permitting withdrawals with a financial penalty
are no longer effective on or after January 1, 2005.

                        (d) Redeferral. A Non-Employee Director will be
permitted to elect to further defer the distribution of his or her account(s) to
the extent permitted and in accordance with the requirements of Code Section
409A(a)(4)(C), including the requirement that (i) a redeferral election may not
take effect until at least 12 months after such election is filed with the
Corporation, (ii) an election to further defer a distribution (other than a
distribution upon death or an unforeseeable emergency) must result in the first
distribution subject to the election being made at least five years after the
previously elected date of distribution, and (iii) any redeferral election
affecting a distribution at a fixed date must be filed with the Company at least
12 months before the first scheduled payment under the previous fixed date
distribution election.

                        (e) Certain Limitations on Awards to Ensure Compliance
with Code Section 409A. For purposes of this Plan, references to a term or event
(including any authority or right of the Corporation or a Non-Employee Director)
being "permitted" under Code Section 409A mean that the term or event will not
cause the Non-Employee Director to be liable for payment of interest or a tax
penalty under Code Section 409A in connection with any amount deferred under the
Plan. Other provisions of the Plan notwithstanding, the terms applicable to any
amount deferred hereunder, including any authority of the Corporation and rights
of the Non-Employee Director with respect to such deferred amount, shall be
limited to those terms permitted under Code Section 409A, and any terms not
permitted under Code Section 409A shall be automatically modified and limited to
the extent necessary to conform with Code Section 409A. For this purpose, other
provisions of the Plan notwithstanding, the Corporation shall have no authority
to accelerate distributions hereunder in excess of the authority permitted under
Code Section 409A, and any distribution subject to Code Section 409A(a)(2)(A)(i)
(separation from service) to a "key employee" as defined under Code Section
409A(a)(2)(B)(i) shall not occur earlier than the earliest time permitted under
Code Section 409A(a)(2)(B)(i).

            9. Change In Control.

                        (a) In the event of a "Change in Control" of the
Corporation accompanied or followed by a Non-Employee Director's cessation of
service to the Corporation as a Director, all amounts credited to the account(s)
of the Non-Employee Director under the Plan shall be immediately due and payable
to the Non-Employee Director in a single lump sum notwithstanding the deferral
period and form of payment specified pursuant to Paragraphs 3 and 6 above. In
addition, if so elected by the Non-Employee Director in accordance with
Paragraph 6 or 8(b), upon a Change in Control after termination of his or her
service to the Corporation as a

<PAGE>

Director but prior to the full distribution of his or her account(s), if the
Change in Control constitutes a change in the ownership or effective control of
the Corporation, or in the ownership of a substantial portion of the assets of
the Corporation, within the meaning of Code Section 409A(a)(2)(A)(v), all
amounts credited to the account(s) of the Non-Employee Director under the Plan
shall be immediately due and payable to the Non-Employee Director in a single
lump sum notwithstanding the deferral period and form of payment specified
pursuant to Paragraphs 3 and 6 above.

                        (b) For purposes of this Plan, a "Change in Control"
shall have occurred if:

                                    (i) STOCK ACQUISITION. Any "person" (as such
term is used in Section 13(d) and 14(d) (2) of the Exchange Act), other than the
Corporation or a corporation a majority of whose outstanding stock entitled to
vote is owned, directly or indirectly, by the Corporation, is or becomes, other
than by purchase from the Corporation or such a corporation, the "beneficial
owner" (as such term is defined in Rule 13d-3 under the Exchange Act), directly
or indirectly, of securities of the Corporation representing 20% or more of the
combined voting power of the Corporation's then outstanding voting securities.
Such a Change in Control shall be deemed to have occurred on the first to occur
of the business day immediately preceding the date securities are first
purchased by a tender or exchange offer, or the date on which the Corporation
first learns of the acquisition of 20% of such securities, or the earlier of the
business day immediately preceding the effective date of an agreement for the
merger, consolidation or other reorganization of the Corporation or the date of
approval thereof by the stockholder of the Corporation, as the case may be.

                                    (ii) CHANGE IN BOARD. During any period of
two consecutive years, individuals who at the beginning of such period were
members of the Board of Directors, and any new director whose election by the
Board or nomination for election by the Corporation's stockholders was approved
by a vote of at least two-thirds (2/3) of the directors then still in office who
either were directors at the beginning of the period or whose election or
nomination for election was previously so approved, cease for any reason to
constitute at least a majority of the Board of Directors. Such a Change in
Control shall be deemed to have occurred on the date upon which the requisite
majority of directors fails to be elected by the stockholders of the
Corporation.

                                    (iii) OTHER EVENTS. There occurs a change in
control of the Corporation of a nature that would be required to be reported as
such in response to Item 1(a) of the Current Report on Form 8-K pursuant to
Section 13 of 15(d) of the Exchange Act, or any successor provision to such Item
relating to a "change in control," or in any other filings under the Exchange
Act.

            10. Designation Of Beneficiary. If a Non-Employee Director dies
prior to receiving the entire balance of his account(s) under the Plan, any
balance remaining in his account(s) shall be paid in a lump sum as soon as
practicable to the Non-Employee Director's designated beneficiary or, if the
Non-Employee Director has not designated a beneficiary or the designated
beneficiary is dead, then to his estate. Any designation of a beneficiary may be
revoked or modified at any time by the Non-Employee Director, except that no
designation shall be recognized as valid unless properly filed with the Pension
Committee during the lifetime of the Non-Employee Director while he is legally
competent.

            11. Withholding Of Taxes. The rights of a Non-Employee Director to
payments or credits under this Plan shall be subject to the Corporation's
obligations, if any, to withhold income or other taxes from such payments.

<PAGE>

            12. Status Of Plan. This Plan is a nonqualified deferred
compensation plan covering no employees of the Corporation. As such, the Plan is
exempt from the requirements of the Employee Retirement Income Security Act of
1974, as amended. The Corporation intends that the Plan shall at all times be
maintained on an unfunded basis for federal income tax purposes. Hence, all
payments from this Plan shall be made from the general assets of the
Corporation. This Plan shall not require the Corporation to set aside,
segregate, earmark, pay into a trust or special account or otherwise restrict
the use of its assets in the operation of its business. A Non-Employee Director
(or, if applicable, his designated beneficiary) shall have no greater right or
status than as an unsecured general creditor of the Corporation with respect to
any amounts owed hereunder.

            13. Rights Nonassignable. All payments to persons entitled to
benefits hereunder shall be made to such persons and shall not be grantable,
transferable or otherwise assignable in anticipation of payment thereof, in
whole or in part, by the voluntary or involuntary acts of any such persons or by
operation of law subject to garnishment, execution, attachment or any other
similar legal process of creditors of such persons.

            14. Administration. Full power and authority to construe, interpret
and administer this Plan shall be vested in the Corporation's Pension Committee.
The Pension Committee shall have full power and authority to make each
determination provided for in this Plan. All determinations made by the Pension
Committee shall be conclusive and binding upon the Corporation and any other
party claiming rights hereunder.

            15. Termination. The Board of Directors may, in its discretion,
terminate this Plan at any time. Upon termination of the Plan, benefits shall be
paid in accordance with the deferral elections made by the Non-Employee
Director, and the Corporation shall have no right to accelerate any payment
under the Plan except to the extent (if any) permitted under Code Section 409A.
..

            16. Amendment. The Board of Directors may, in its discretion, amend
this Plan from time to time. In addition, the Pension Committee may from time to
time amend this Plan to make such administrative changes as it may deem
necessary or desirable. No such amendment shall divest any Non-Employee Director
(or person claiming through him) of any rights to amounts previously credited to
his accounts hereunder.

            17. Incompetency. If a person to receive payment hereunder is deemed
by the Pension Committee or is adjusted to be legally incompetent, the payments
shall be made to the duly appointed guardian of such incompetent, or they may be
made to such person or persons who the Pension Committee believes are caring for
or supporting such incompetent; and the receipt thereof by such person or
persons shall constitute complete satisfaction of the Corporation's obligations
under this Plan.

            18. Expenses. The expenses of administering this Plan shall be borne
by the Corporation.

            19. Gender. The masculine pronoun shall be deemed to include the
feminine, and the singular to include the plural, unless a different meaning is
plainly required by context.

            20. Governing Law. This Plan shall be construed, administered and
enforced according to the laws of the Commonwealth of Pennsylvania.

<PAGE>

            21. Effective Date. The effective date of this Plan is January 1,
1995 and shall apply with respect to the Director's Fees payable by the
Corporation in respect of services performed on or after such date.

            22. Section 16 Compliance. It is the Corporation's intent that this
Plan and any credits or payments made hereunder comply with Section 16 of the
Securities Exchange Act of 1934 (the "Exchange Act") and any related regulations
promulgated there under, including any reporting requirements. To that end, the
Corporation may, in its sole discretion, (i) substitute a payment in cash for
any fees that were otherwise to be deferred under this Plan, if it deems it so
appropriate or (ii) delay any payment otherwise required under the terms of the
Plan until compliance with the requirements of the Exchange Act can be assured.

This amended and restated plan document is effective January 1, 2005 and
executed this __th day of April, 2005.

Attest:                                          Harsco Corporation

_____________________                            _____________________
Mark Kimmel                                      Derek C.  Hathaway
[Title]                                          [Title]

<PAGE>
                                                                       Exhibit A

              Deferred Compensation Plan For Non-Employee Directors
                 (As Amended and Restated as of January 1, 2005)

                                     Example
                                     -------

                        This example, prepared for illustrative purposes only,
describes the operation of the installment payout option set forth in Paragraph
7 of the
Plan.

            Director Green, age 62, elects to defer all of his Director Fees
until the year following the year he attains age 72. During his service as a
Director, Green directs 60% of his Fees to be invested in the Harsco Stock
Account (HSA) and 40% to be invested in the Interest-Bearing Account (IBA).
Pursuant to Green's prior direction, his accounts are to be paid out in three
annual installments. If Green attains age 72 in 2004 his installment should be
calculated and paid as follows:

                    1st Installment
                    ---------------

                    o WHEN PAID - Within 30 days of the first business day
(assume January 2) in 2005.

                    o HOW MUCH - First installment equals one-third of the
aggregate dollar value of Green's accounts as of January 2, 2005. Assume Green's
HSA on January 2, 2005 is credited with 1,000 Stock Equivalents and the FMV of a
share of Harsco common stock on such date is $60, thus giving his HSA a value of
$60,000. Assume further, that as of January 2, 2005, Green's IBA is credited
with $30,000 (representing his prior deferrals plus interest). Accordingly,
Green's first installment should equal $30,000 ($90,000 aggregate account
balance value divided by 3).

                    o BALANCE IN ACCOUNT AFTER 1ST INSTALLMENT - In order to
continue the 60/40 proportionality going forward, the $60,000 in remaining value
under the Plan should result in the HSA holding 60% of that value and the IBA
holding the remaining 40%. Thus, as of January 2, 2005, the HSA is debited
333.33 shares leaving 666.66 shares (which at $60 FMV equal $40,000) and the IBA
is debited $10,000, thus leaving $20,000.

                    2nd Installment
                    ---------------

                    o When paid - Within 30 days of January 2, 2006.

                    o How much - Second installment equals one-half of the
aggregate dollar value of Green's accounts as of January 2, 2006. Assume that as
of this date, Green's HSA was credited with 700 Stock Equivalents (666.66 from
prior year plus 33.34 new units attributable to dividends in the interim) and
that the FMV of a share of Harsco stock on that date was $62. Thus, Green's HSA
would be worth $43,400 at January 2, 2006. Assume further that Green's IBA was
worth $21,000 ($20,000 from prior year plus interim interest of $1,000). Green's
second installment would thus equal $32,200 (($43,400 + $21,000)/ 2).

                    o Balance is Accounts after 2nd Installment - The same
methodology would be used again to retain the 60/40 proportionality. As of
January 2, 2006, the combined value of HSA and the IBA was worth $64,400, and
after the payout of half this amount, the combined value was $32,200. This means
that the HSA would have 60% of the total value (or $19,320) and the IBA

<PAGE>

should have 40% (or $12,880). Thus, the HSA should be debited 38.39 shares
(representing $24,080 or 3888.39 x $62 FMV/share) leaving 311.61 shares (or
$19,320 in value). The IBA should be debited $8,120, leaving $12,880.

                    3rd and Last Installment
                    ------------------------

                    o WHEN PAID - Within 30 days of January 2, 2007.

                    o HOW MUCH - Calculate value of both HSA and IBA as of
January 2, 2007 (as described above) and pay out total.

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