Document:

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                                                                   EXHIBIT 10.18

                  THE BROWN & SHARPE SAVINGS AND RETIRMENT PLAN
                             FOR MANAGEMENT EMPLOYEES

                                 First Amendment
                                 ---------------

     Pursuant to Section 12.1 of The Brown & Sharpe Savings and Retirement Plan
for Management Employees (the "Plan"), the Plan is hereby amended effective as
of January 1, 1998:

          1. Section 13.1 is hereby amended by replacing the last sentence
     thereof with the following sentence:

          "At the direction of the Committee, the Trustee shall vote, in person
          or by proxy at its discretion, shares of Stock and Class B Stock held
          in the Trust for which voting instructions shall not have been
          received."

          IN WITNESS WHEREOF, Brown & Sharpe Manufacturing Company has caused
     this Amendment to be signed by its duly authorized officer this 30th day of
     April, 1999.

                                           Brown & Sharpe Manufacturing Company

                                           By:  _______________________________
                                                Les W. Sgnilek
                                                Treasurer<PAGE>

                                                                   EXHIBIT 10.19

                    THE BROWN & SHARPE SAVINGS AND RETIREMENT
                            FOR MANAGEMENT EMPLOYEES

                                Second Amendment
                                ----------------

     Pursuant to Section 12.1 of The Brown & Sharpe Savings and Retirement Plan
for Management Employees (the "Plan"), the Plan is hereby amended as of the
dates set forth below:

          1. Section 7.3 is hereby deleted in its entirety and replaced with the
     following new Section 7.3, effective March 31, 2001:

               "7.3 Investments in the Company Stock Fund. Effective March 31,
          2001, no further allocations shall be made to the Company Stock Fund.

               For the avoidance of doubt, the restriction on further
          allocations to the Company Stock Fund shall include, but not be
          limited to, Elective Contributions with respect to payroll periods
          beginning after March 30, 2001, all other contributions made to the
          Plan after March 30, 2001, and transfers after March 30, 2001 of
          existing Plan Account balances. In addition, any dividend or other
          cash payment made in respect of Company Stock or Class B Stock held in
          the Company Stock Fund and received by the Plan after March 30, 2001
          shall not be allocated to the Company Stock Fund, but shall instead be
          allocated according to the investment allocation elections, made
          pursuant to Section 7.2, of Participants who have an interest in the
          Company Stock Fund.

               If a Participant's investment directions with respect to amounts
          contributed after March 30, 2001 includes an amount to be invested in
          the Company Stock Fund, such Participant shall be deemed to have
          elected that amounts so directed shall be contributed instead in The
          Brown & Sharpe Stable Value Fund (until reallocated in accordance with
          the Participant's directions pursuant to Section 7.2). Any attempt by
          a Participant to transfer any portion of the balance of his or her
          Plan Accounts to the Company Stock Fund after March 30, 2001 shall be
          null and void.

               A Participant may elect, in accordance with Section 7.2, to
          transfer any portion of his or her Plan Account balances allocated to
          the Company Stock Fund to other investment options available under the
          Plan. However, any amount transferred out of the Company Stock Fund
          may not thereafter be transferred back to the Company Stock Fund."

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     2. Section 11.1 is hereby deleted in its entirety and replaced by the
following new Section 11.1, effective June 15, 2001:

          "11.1 Method of making distributions. Distributions to a Participant
     or Beneficiary from the Trust will be made in a single lump sum payment.
     All amounts distributed from the Trust Fund shall be paid in cash, except
     that, if elected by the Participant or Beneficiary, distributions from the
     Company Stock Fund shall be paid in whole shares of Stock, with the value
     of any fractional share paid in cash. For purposes of the preceding
     sentence, the value of shares of Stock shall be the market value on the
     Valuation Date coinciding with or next preceding the date of distribution.

For the avoidance of doubt, pursuant to this amendment, all distributions made
from the Plan on and after June 15, 2001, including distributions made with
respect to amounts transferred to the Plan pursuant to Section 3.11 prior to
such date, will be made in a single lump sum payment as described above, unless
otherwise required by Code Section 411(d)(6) and the regulations there under.

     3. Effective as of April 27, 2001, the Plan shall be renamed as the BNS Co.
Savings and Retirement Plan.

     IN WITNESS WHEREOF, BNS Co. has caused this amendment to be signed by its
duly authorized officer this 26th day of December, 2001.

                                                     BNS CO.

                                                    By: ________________________
                                                        Andrew C. Genor
                                                        President and CEO

                                       -2-<PAGE>

                                                                   EXHIBIT 10.20

                                     BNS CO.

                 The Brown & Sharpe Savings and Retirement Plan

                                       AND

                       BNS Co. Savings and Retirement Plan

                              Instrument of Merger
                              --------------------

     WHEREAS Brown & Sharpe Manufacturing Company sold a majority of its assets
to Hexagon AB pursuant to an asset purchase agreement dated November 16, 2000,
as approved by Company shareholders on April 27, 2001, and the Company continues
in business as BNS Co.;

     WHEREAS the Company continues to maintain The Brown & Sharpe Savings and
Retirement Plan and its related trust (the "Hourly SARP") and the BNS Co.
Savings and Retirement Plan (formerly known as "The Brown & Sharpe Savings and
Retirement Plan for Management Employees") and its related trust (the "BNS Co.
SARP");

     WHEREAS, the Hourly SARP and BNS Co. SARP accounts (including assets and
liabilities relating thereto) maintained on behalf of participants who were
employed by Hexagon AB immediately after the asset sale were transferred to a
qualified retirement plan maintained by Hexagon;

     WHEREAS, following the asset sale described above, there being no longer
any active participants in the Hourly SARP, the Company desires to merge the
Hourly SARP, including all of its assets and liabilities, into the BNS Co. SARP;

     NOW THEREFORE, pursuant to the terms of the BNS Co. SARP and the Hourly
SARP, as of December 31, 2001, the Hourly SARP is merged with and into the BNS
Co. SARP (from and after such merger, the "Merged Plan").

     Upon and following the merger, the terms of the Merged Plan shall be those
of the BNS Co. SARP immediately prior to the merger, and as such plan may be
amended from time to time. In connection with this merger, there shall be
established a separate account under the Merged Plan on behalf of each
individual with respect to whom assets and liabilities are merged from the
Hourly SARP. Such account shall remain fully vested, shall be invested upon the
merger in the same investment options as it was invested under the Hourly SARP,
and shall be adjusted pursuant to the terms of the Merged Plan (which are
currently in this respect the same terms as those of the Hourly SARP). Any
optional form of benefit with respect to the SARP assets that is required to be
protected pursuant to Code Section 411(d)(6) and the regulations thereunder with
respect to a merged account shall be retained under the Merged Plan with respect
to that account. Any participant loans outstanding on the date the assets and
liabilities of Hourly SARP are merged into the Merged Plan shall continue to be
processes in the normal course.

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     As of December 31, 2001, the trusts formerly relating exclusively to the
BNS Co. SARP and Hourly SARP shall be available to provide benefits under the
Merged Plan, and, for so long as they are maintained as separate trusts, shall
relate to the respective accounts of the Merged Plan allocable thereto.

     IN WITNESS WHEREOF, BNS Co. has caused this instrument of Merger to be duly
executed in its name and on its behalf by its officer this 31st day of December,
2001.

                                                BNS Co.

                                            By: ________________________________
                                                Andrew C. Genor
                                                President and CEO

                                       -2-<PAGE>

                                                                   EXHIBIT 10.24

                                   BNS COMPANY

      Brown & Sharpe Employee Stock Ownership and Profit Participation Plan

                                    Amendment
                                    ---------

     WHEREAS the Company terminated the Brown & Sharpe Employee Stock Ownership
and Profit Participation Plan and Trust Agreement (1998 Restatement) (the
"ESOP") on April 27, 2001;

     WHEREAS, the Internal Revenue Service, in connection with its determination
of the tax-qualified status of the ESOP upon its termination, as requested
certain amendments;

     NOW THEREFORE, pursuant to Section 11.1, the Company hereby amends the ESOP
as provided herein.

1.   Section 2.11 is amended effective January 1, 1997 by adding a new paragraph
to the end thereof to read as follows:

          "For all purposes under the Plan, the term `Highly Compensated
     Employee' means each individual employed by an Affiliated Company who (a)
     during such Plan Year or preceding Plan Year, is a `5% owner' within the
     meaning of Code Section 414(q), or (b) during the preceding Plan Year
     received Compensation in excess of $80,000 (as adjusted under such Code
     section)."

2.   Section 2.15 is amended effective January 1, 1997 by adding a new paragraph
to the end thereof to read as follows:

          "For purposes of this Section 2.15 and Section 2.16 below, a `leased
     employee' means any person who pursuant to an agreement between an
     Affiliated Company and any other person has performed services for the
     Affiliated Company and related persons as defined in Code Section 414(n)(6)
     on a substantially full-time basis for a period of at least one year
     provided such services are performed under the primary direction or control
     of the Affiliated Company."

3.   Section 12.6 is amended in its entirety to read as follows:

          "12.6 Veterans' Re-Employment and Benefits Rights. Notwithstanding any
     provision of the Plan to the contrary, effective December 12, 1994,
     contributions, benefits and service credit with respect to qualified
     military service will be provided in accordance with Code Section 414(u)."

          IN WITNESS WHEREOF, BNS Company has caused this Amendment to be duly
     executed in its name and on its behalf by its officer hereto duly
     authorized this 14th day of November, 2001.

                                                  BNS COMPANY

                                                  By:___________________________

                                                  Title:________________________

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