Document:

EX-4.9

 Exhibit 4.9 
 OMNIBUS AMENDMENT NO. 1 
 THIS OMNIBUS AMENDMENT NO. 1 (the
“Amendment”) is made as of September 23, 2011 by and among Actuant Corporation, a Wisconsin corporation (the “Company”), Actuant Ltd., a company organized under the laws of England (“Actuant
Ltd.”), Actuant Finance Ltd., a company organized under the laws of England (“Actuant Finance” and, collectively with the Company and Actuant Ltd., the “Borrowers”), each of the Subsidiaries of the Company
listed on the signature pages hereto, the financial institutions listed on the signature pages hereto and JPMorgan Chase Bank, N.A., as the administrative agent for the “Lenders” referred to below (in such capacity, the
“Agent”) and relates to (i) that certain Third Amended and Restated Credit Agreement, dated as of February 23, 2011, among the Borrowers, the financial institutions from time to time parties thereto (the
“Lenders”) and the Agent (as amended, restated, supplemented or otherwise modified prior to the date hereof, the “Credit Agreement”) and (ii) that certain Amended and Restated Pledge and Security Agreement,
dated as of February 23, 2011, among the Company, the Subsidiaries of the Company party thereto (the “Grantors” and, collectively with the Borrowers, the “Loan Parties”) and the Agent (as amended, restated,
supplemented or otherwise modified prior to the date hereof, the “Security Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings given to them in the “Credit Agreement”
referred to below. 
 W I T N E S S E T H: 
 WHEREAS, the parties hereto have agreed to amend the Credit Agreement and the Security Agreement on the terms and conditions set forth herein. 

NOW, THEREFORE, in consideration of the premises set forth above, the terms and conditions contained herein, and other good and valuable
consideration, the receipt and sufficiency of which are hereby acknowledged, the parties hereto agree as follows. 
 1.
Amendments to the Credit Agreement. Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3 below, the Credit Agreement is hereby amended as follows: 

(a) The definition of “Permitted Convertible Note Redemption” set forth in Section 1.1 of the Credit
Agreement is hereby amended and restated in its entirety as follows: 
 “Permitted Convertible Note
Redemption or Purchase” means any voluntary redemption of Convertible Notes by the Company in accordance with the terms of the Convertible Note Indenture or any purchase, retirement or other acquisition of Convertible Notes by the Company,
provided that (a) no Default has occurred or is continuing, or would result from such redemption, purchase, retirement or other acquisition, and (b) the Company shall have furnished to the Agent a certificate demonstrating in reasonable
detail (x) a Senior Leverage Ratio of less than 2.50 to 1.00 and (y) a Leverage Ratio of less than 3.50 to 1.00, in each case, for the four fiscal quarter period most recently ended prior to, in the case of any redemption, the date the
Company issues a notice of redemption or, in 

 
the case of any purchase, retirement or other acquisition, the date of such purchase, retirement or other acquisition, calculated on a pro forma basis in a manner reasonably acceptable to the
Agent after giving effect to such redemption, purchase, retirement or other acquisition (and any Indebtedness incurred to fund such redemption, purchase, retirement or other acquisition), as if such redemption, purchase, retirement or other
acquisition (and incurrence of Indebtedness, if any), had been made on the last day of such period. 
 (b)
Section 6.2 of the Credit Agreement is hereby amended and restated in its entirety as follows: 

Use of Proceeds. Each Borrower will, and will cause each Subsidiary to, use the proceeds of each of the Credit
Extensions for general corporate purposes, including, without limitation, liquidity support for commercial paper, for Permitted Acquisitions, to refinance certain existing indebtedness and for working capital purposes. No Borrower will, nor will it
permit any Subsidiary to, use any of the proceeds of the Advances in violation of, or in any manner inconsistent with, any regulations of the Board, including the provisions of Regulations T, U or X. 

(c) Section 6.10(iv) of the Credit Agreement is hereby amended and restated in its entirety as follows: 

(iv) So long as there shall exist no Default or Unmatured Default (both before and after giving effect to the
declaration and payment thereof), the Company may make or pay Dividends with respect to its outstanding common stock, provided that (i) no Dividend shall be declared, paid or effected at any time unless the Company shall have furnished to the
Agent a certificate demonstrating in reasonable detail a Senior Leverage Ratio of less than 2.50 to 1.0, for the four fiscal quarter period most recently ended as of such date calculated on a pro forma basis reasonably acceptable to the Agent after
giving effect to any such Dividend (and any Indebtedness incurred in connection therewith), as if such Dividend (and incurrence of Indebtedness, if any) had occurred on the last day of such period, and (ii) in the case of any Dividend
constituting a repurchase by the Company of its outstanding common stock, the total number of shares of common stock of the Company repurchased by the Company during the term of this Agreement pursuant to this Section 6.10(iv) shall not exceed
10,000,000 shares. 
 (d) Section 6.17 of the Credit Agreement is hereby amended by deleting a reference therein
to “Permitted Convertible Note Redemptions” and replacing it with a reference to “Permitted Convertible Note Redemptions or Purchases”. 
 2. Amendments to the Security Agreement. Effective as of the date hereof and subject to the satisfaction of the conditions precedent set forth in Section 3 below, the
first sentence of Section 2.2 of the Security Agreement is hereby amended by deleting clause (i) set forth in the proviso thereto in its entirety and replacing such clause (i) with the following: 

  
 2 

 (i) that the grant of security interest in this Section 2 shall not
include (x) the Equity Interests of any Subsidiary to the extent exceeding the Applicable Pledge Percentage with respect thereto or (y) any common stock of the Company repurchased by the Company and held in treasury for future allocations
to the extent such repurchased common stock constitutes “Margin Stock” within the meaning or Regulation U, and 

3. Conditions of Effectiveness. This Amendment shall become effective as of the date hereof if, and only if, the
Agent shall have received: 
 (a) executed copies of this Amendment from the Borrowers, the Grantors, the Agent
and the Required Lenders; 
 (b) confirmation that all fees and expenses of counsel to the Agent required to be
paid in connection with the Loan Documents (including this Amendment) pursuant to Section 9.6 of the Credit Agreement have been paid, in each case to the extent that invoices for the same have been submitted at least one Business Day
prior to the date hereof; 
 (c) all other fees (if any) agreed to be paid by the Borrower in connection with
this Amendment; and 
 (d) such other instruments and documents as the Agent shall have reasonably requested in
connection with this Amendment. 
 4. Representations and Warranties of the Loan Parties. Each Loan Party
hereby represents and warrants as follows: 
 (a) Such Loan Party has the power and authority and legal right to
execute and deliver this Amendment and to perform its obligations hereunder, under the Credit Agreement (as modified hereby, the “Amended Credit Agreement”) and/or under the Security Agreement (as modified hereby, the
“Amended Security Agreement”, the Amended Credit Agreement and the Amended Security Agreement being the “Amended Agreements”), as applicable. The execution and delivery by such Loan Party of this Amendment and the
performance of its obligations hereunder and under the Amended Agreements to which it is a party have been duly authorized by proper corporate proceedings, and this Amendment and the Amended Agreements constitute legal, valid and binding obligations
of such Loan Party to the extent it is a party thereto, enforceable against such Loan Party in accordance with their terms, except as enforceability may be limited by bankruptcy, insolvency or similar laws affecting the enforcement of
creditors’ rights generally. 
 (b) Neither the execution and delivery by such Loan Party of this
Amendment, nor the consummation of the transactions contemplated herein or in the Amended Agreements, nor compliance with the provisions hereof or thereof will violate (i) any law, rule, regulation, order, writ, judgment, injunction, decree or
award binding on such Loan Party, (ii) the articles or incorporation or by-laws 

  
 3 

 
or other organizational documents of such Loan Party or (iii) the provisions of any indenture, instrument or agreement to which such Loan Party is a party or is subject, or by which it, or
its Property, is bound, or conflict with or constitute a default thereunder, or result in, or require, the creation or imposition of any Lien in, of or on the Property of such Loan Party pursuant to the terms of any such indenture, instrument or
agreement. 
 (c) No order, consent, adjudication, approval, license, authorization, or validation of, or
filing, recording or registration with, or exemption by, or other action in respect of any governmental or public body or authority, or any subdivision thereof, which has not been obtained by such Loan Party, is required to be obtained by such Loan
Party in connection with the execution and delivery of this Amendment or the legality, validity, binding effect or enforceability of the Amended Agreements. 
 (d) As of the date hereof and giving effect to the terms of this Amendment, (i) there exists no Default or Unmatured Default and (ii) the representations and warranties contained in Article
V of the Amended Credit Agreement and in Article III of the Amended Security Agreement are true and correct except to the extent any such representation or warranty is stated to relate solely to an earlier date, in which case such
representation or warranty shall have been true and correct on and as of such earlier date. 
 5. Reference to and Effect
on the Credit Agreement, the Security Agreement and Loan Documents. 
 (a) Upon the effectiveness of
Section 1 hereof, each reference to the Credit Agreement in the Credit Agreement or any other Loan Document shall mean and be a reference to the Credit Agreement as modified hereby. Upon the effectiveness of Section 2 hereof,
each reference to the Security Agreement in the Security Agreement or any other Loan Document shall mean and be a reference to the Security Agreement as modified hereby. This Amendment is a Loan Document pursuant to the Credit Agreement and shall
(unless expressly indicated otherwise herein or therein) be construed, administered, and applied, in accordance with all of the terms and provisions of the Credit Agreement. 

(b) Each Loan Party (i) agrees that this Amendment and the transactions contemplated hereby shall not limit or
diminish the obligations of such Loan Party arising under or pursuant to the Credit Agreement, the Security Agreement, the Collateral Documents and the other Loan Documents to which it is a party (including, in the case of each Guarantor, without
limitation, the Domestic Subsidiary Guaranty and the Security Agreement and, in the case of each Pledgor, without limitation, each applicable Foreign Law Pledge Agreement), (ii) reaffirms its obligations under the Credit Agreement, the Security
Agreement and each and every other Loan Document to which it is a party (including, without limitation, each applicable Collateral Document), (iii) reaffirms all Liens on any collateral (including the Collateral) which have been granted by it
in favor of the Agent 

  
 4 

 
pursuant to any of the Loan Documents, and (iv) acknowledges and agrees that except as specifically modified above, the Credit Agreement, the Security Agreement and all other Loan Documents
executed and/or delivered in connection therewith shall remain in full force and effect and are hereby ratified and confirmed. 
 (c) The execution, delivery and effectiveness of this Amendment shall not, except as expressly provided herein, operate as a waiver of any right, power or remedy of the Agent or the Lenders, nor
constitute a waiver of or consent to any provision of the Credit Agreement, the Security Agreement or any other Loan Documents executed and/or delivered in connection therewith. 

6. Governing Law. THIS AMENDMENT SHALL BE CONSTRUED IN ACCORDANCE WITH THE INTERNAL LAWS (INCLUDING, WITHOUT LIMITATION, 735
ILCS SECTION 105/5-1 ET SEQ., BUT OTHERWISE WITHOUT REGARD TO THE CONFLICT OF LAWS PROVISIONS) OF THE STATE OF ILLINOIS, BUT GIVING EFFECT TO FEDERAL LAWS APPLICABLE TO NATIONAL BANKS. 

7. Headings. Section headings in this Amendment are included herein for convenience of reference only and shall not
constitute a part of this Amendment for any other purpose. 
 8. Counterparts. This Amendment may be
executed by one or more of the parties hereto on any number of separate counterparts (including by means of facsimile or electronic transmission), and all of said counterparts taken together shall be deemed to constitute one and the same instrument.

  
 5 

 IN WITNESS WHEREOF, this Amendment has been duly executed as of the day and year first above
written. 
  

			
	 ACTUANT CORPORATION,

as a Borrower

		
	By:	 	/s/    Terry M. Braatz        
	Name:	 	Terry M. Braatz
	Title:	 	Treasurer

			
	 ACTUANT LTD.,
 as a
Borrower

		
	By:	 	/s/     Phil Maxted        
	Name:	 	Phil Maxted
	Title:	 	Director

  

			
	 ACTUANT FINANCE LTD.,
 as a Borrower

		
	By:	 	/s/     Phil Maxted        
	Name:	 	Phil Maxted
	Title:	 	Director

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 ACME ELECTRIC, LLC

ACTUANT ELECTRICAL, INC.
 ACTUANT HOLDINGS,
LLC
 ACTUANT INTERNATIONAL HOLDINGS, INC.
 APPLIED POWER INVESTMENTS II, INC.
 B.W. ELLIOTT MANUFACTURING CO., LLC

CORTLAND CABLE COMPANY, INC.
 THE CORTLAND
COMPANIES, INC.
 CORTLAND HOLDING COMPANY
 GB TOOLS & SUPPLIES, LLC
 HYDRATIGHT OPERATIONS, INC.

MAXIMA HOLDING COMPANY, INC.
 MAXIMA HOLDINGS-
EUROPE, INC.
 MAXIMA TECHNOLOGIES & SYSTEMS, LLC
 PRECISION SURE-LOCK, INC.
 PSL HOLDINGS, INC.

SANLO, INC.
 TEMPLETON, KENLY & CO.,
INC.
 VERSA TECHNOLOGIES, INC., each as a Grantor

			
		
	By:	 	/s/    Terry M. Braatz        
	Name:	 	Terry M. Braatz
	Title:	 	Treasurer

  

			
	 ENGINEERED SOLUTIONS, L.P.,
 as a Grantor

		
	By:	 	 Versa Technologies, Inc.,
 its
general partner

		
	By:	 	/s/    Terry M. Braatz        
	Name:	 	Terry M. Braatz
	Title:	 	Treasurer

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 JPMORGAN CHASE BANK, N.A.,
 as a Lender and as Agent

		
	By:	 	/s/    Richard Barritt        
	Name:	 	Richard Barritt
	Title:	 	Associate

  
 Signature Page
to Omnibus Amendment No. 1 

			
	 BANK OF AMERICA, N.A.,
 as a Lender

		
	By:	 	/s/    Brian Lukehart        
	Name:	 	Brian Lukehart
	Title:	 	Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 Wells Fargo Bank, N.A.,
 as a Lender

		
	By:	 	/s/    Daniel R. Van Aken        
	Name:	 	Daniel R. Van Aken
	Title:	 	Director

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 U.S. BANK NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	/s/    Caroline V. Krider        
	Name:	 	Caroline V. Krider
	Title:	 	Senior Vice President & Lender

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 KEYBANK NATIONAL ASSOCIATION,
 as a Lender

		
	By:	 	/s/    Brian P. Fox        
	Name:	 	Brian P. Fox
	Title:	 	Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 PNC BANK, NATIONAL ASSOCIATION.,
 as a Lender

		
	By:	 	/s/    Michael Leong        
	Name:	 	Michael Leong
	Title:	 	Senior Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 SUNTRUST BANK,
 as
a Lender

		
	By:	 	/s/    David Simpson        
	Name:	 	David Simpson
	Title:	 	Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 Mizuho Corporate Bank, Ltd.,
 as a Lender

		
	By:	 	/s/    David Lim        
	Name:	 	David Lim
	Title:	 	Authorized Signatory

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 BMO Harris Bank N.A.,
 as a Lender

		
	By:	 	/s/    Cassie M. Bisgrove        
	Name:	 	Cassie M. Bisgrove
	Title:	 	Officer

  

			
		
	By:	 	/s/    Leo D. Freeman        
	Name:	 	Leo D. Freeman
	Title:	 	Senior Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

			
	 RBS Citizens, N.A.,

as a Lender

		
	By:	 	/s/    Jeff Huening        
	Name:	 	Jeff Huening
	Title:	 	Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

			
	 Royal Bank of Canada,
 as a Lender

		
	By:	 	/s/    James F. Disher        
	Name:	 	James F. Disher
	Title:	 	Authorized Signature

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 Associated Bank, N.A.,
 as a Lender

		
	By:	 	/s/    Daniel Holzhauer        
	Name:	 	Daniel Holzhauer
	Title:	 	VP – Senior Lender

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 The Northern Trust Corporation,
 as a Lender

		
	By:	 	/s/    Patrick Cowan        
	Name:	 	Patrick Cowan
	Title:	 	Vice President

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 CRÉDIT INDUSTRIEL ET COMMERCIAL
 as a Lender

		
	By:	 	/s/    Brian O’Leary        
	Name:	 	Brian O’Leary
	Title:	 	Managing Director

  

			
		
	By:	 	/s/    Anthony Rock        
	Name:	 	Anthony Rock
	Title:	 	Managing Director

  
 Signature Page
to Omnibus Amendment No. 1 

 
			
	 Bank of Montreal,

as a Lender

		
	By:	 	/s/    Michael M. Fordney        
	Name:	 	Michael M. Fordney
	Title:	 	Director

  
 Signature Page
to Omnibus Amendment No. 1EX-10.15

 Exhibit 10.15 

 
 ACTUANT CORPORATION 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
  

 
  
 McDermott Will & Emery LLP 
 Chicago 

 TABLE OF CONTENTS 

 

					
	 	  	PAGE	 
	 SECTION 1
	  	 	1	  
	 Definitions
	  	 	1	  
		
	 SECTION 2
	  	 	5	  
	 Participation
	  	 	5	  
	 2.1     Participation
	  	 	5	  
	 2.2     Termination of Participation
	  	 	5	  
		
	 SECTION 3
	  	 	6	  
	 Company Contributions
	  	 	6	  
		
	 SECTION 4
	  	 	6	  
	 Notional Investment of Contributions
	  	 	6	  
		
	 SECTION 5
	  	 	7	  
	 Accounting
	  	 	7	  
	 5.1     Participants’ Accounts
	  	 	7	  
	 5.2     Participants Remain Unsecured Creditors 
	  	 	7	  
	 5.3     Accounting Methods
	  	 	7	  
	 5.4     Reports
	  	 	8	  
		
	 SECTION 6
	  	 	8	  
	 Distributions
	  	 	8	  
	 6.1     General Timing of Distributions
	  	 	8	  
	 6.2     Form of Payment
	  	 	8	  
	 6.3     Change of Control
	  	 	9	  
	 6.4     Special Rule for Death
	  	 	9	  
	 6.5     Forfeiture of Company Contributions
	  	 	10	  
	 6.6     Beneficiary Designations
	  	 	10	  
	 6.7     Payments to Incompetents
	  	 	10	  
	 6.8     Undistributable Accounts
	  	 	10	  
	 6.9     Committee Discretion
	  	 	11	  
	 6.10   Withholding; Reporting
	  	 	11	  

  
 -i-

					
		
	 SECTION 7
	  	 	11	  
	 Participant’s Interest in Account
	  	 	11	  
		
	 SECTION 8
	  	 	12	  
	 Administration of the Plan
	  	 	12	  
	 8.1     Plan Administrator
	  	 	12	  
	 8.2     Committee
	  	 	12	  
	 8.3     Actions by Committee
	  	 	12	  
	 8.4     Powers of Committee
	  	 	12	  
	 8.5     Decisions of Committee
	  	 	13	  
	 8.6     Administrative Expenses
	  	 	14	  
	 8.7     Eligibility to Participate
	  	 	14	  
	 8.8     Indemnification
	  	 	14	  
	 8.9     Currency
	  	 	14	  
		
	 SECTION 9
	  	 	14	  
	 Modification or Termination of Plan
	  	 	14	  
	 9.1     Employers’ Obligations Limited
	  	 	14	  
	 9.2     Right to Amend or Terminate
	  	 	15	  
	 9.3     Effect of Termination
	  	 	15	  
		
	 SECTION 10
	  	 	16	  
	 General Provisions
	  	 	16	  
	 10.1   Inalienability
	  	 	16	  
	 10.2   Successors, Acquisitions, Mergers, Consolidations
	  	 	16	  
	 10.3   Rights and Duties
	  	 	16	  
	 10.4   No Right to Company Assets
	  	 	17	  
	 10.5   No Enlargement of Employment Rights
	  	 	17	  
	 10.6   Apportionment of Costs and Duties
	  	 	17	  
	 10.7   Company Contributions Not Counted Under Other Employee Benefit Plans
	  	 	17	  
	 10.8   Applicable Law
	  	 	17	  
	 10.9   Responsibility for Legal Effect
	  	 	18	  
	 10.10 Severability
	  	 	18	  
	 10.11 Captions
	  	 	18	  

  
 -ii-

 ACTUANT CORPORATION 

SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN 
 Actuant Corporation, a Wisconsin corporation, maintains the Actuant Corporation Supplemental Executive Retirement Plan (the “Plan”) for the benefit of a select group of management and highly
compensated employees of the Company and its Affiliates. The Plan is intended to provide such employees with certain supplemental retirement benefits. The Plan is an unfunded deferred compensation plan that is intended to qualify for the exemptions
provided in Sections 201, 301, and 401 of ERISA. 
 The Plan was originally established effective October 22, 2010, but
taking into account Compensation paid beginning September 1, 2010 as described in Section 1.11. 
 The Plan is
designed to comply with the American Jobs Creation Act of 2004, as amended (the “Jobs Act”), Section 409A of the Code, and final Treasury regulations and guidance issued thereunder. In the event of any inconsistency between the terms
of the Plan and the Jobs Act or Section 409A of the Code, the terms of the Jobs Act and Section 409A of the Code shall prevail and govern. 
 SECTION 1 
 Definitions 

The following words and phrases shall have the following meanings unless a different meaning is plainly required by the context:

 1.1 “Administrator” shall mean the Company, as provided in Section 8.1. 

1.2 “Affiliate” shall mean a corporation, trade or business which is, together with the Company, a member of a controlled group
of corporations or an affiliated service group or under common control (within the meaning of Section 414(b), (c) or (m) of the Code), but only for the period during which such other entity is so affiliated with the Company.

 1.3 “Age” means a Participant’s age in whole years as of the last day of the Plan Year. 

1.4 “Beneficiary” shall mean the person or persons entitled to receive benefits under the Plan upon the death of a Participant,
as provided in Section 6.6. 
 1.5 “Board of Directors” shall mean the Board of Directors of the Company, as
constituted from time to time. 
 1.6 “Change of Control” shall mean the date on which the first of the following
events occur: 

  
 -1-

	 	(a)	any one person or more than one person acting as a Group (within the meaning assigned to such term in Treasury Regulation §§1.409A-3(i)(5)(v)(B) and (vi)(D))
(excluding Affiliates) acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) all or substantially all of the business or assets from the Company (but in no event shall a
Change of Control be deemed to have occurred where such acquired assets have a total Gross Fair Market Value (as defined below) of less than 40% of the total Gross Fair Market Value of all of the assets of the Company immediately before such
acquisition or acquisitions); 

  

	 	(b)	any one person or more than one person acting as a Group (excluding Affiliates) acquires more than 50% of the total fair market value or total voting power of stock of
the Company, provided that if such person or persons are considered either to own more than 50% of the total fair market value or total voting power of the stock of the Company or to possess Effective Control (as defined below) of the Company, the
acquisition of additional stock or control, respectively, of the Company by the same person or persons is not considered to cause a Change of Control of the Company under this subsection (b); or 

 

	 	(c)	(i) any one person, or (ii) a majority of the Board of Directors is replaced during any 12-month period by directors whose appointment or election is not endorsed
by a majority of the members of the Board of Directors as constituted before the appointment or election. 

 “Effective
Control” for purposes of this Plan means that any one person or more than one person acting as a Group acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or persons) ownership
of stock of the Company possessing 30% or more of the total voting power of the stock of the Company, provided that if such person or persons are considered either to own more than 50% of the total fair market value or total voting power of the
stock of the Company or to possess Effective Control of the Company, the acquisition of additional stock or control, respectively, of the Company by the same person or persons is not considered to cause a change in the Effective Control of the
Company. The term “Gross Fair Market Value” shall mean the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. For purposes of
determining stock ownership, the attribution rules described in Section 318(a) of the Code shall apply and stock underlying a vested option is considered owned by the individual who holds the vested option, provided that if a vested option is
exercisable for stock that is not substantially vested (as defined by Treasury Regulation §§83-3(b) and (j)), the stock underlying the option shall not be treated as owned by the individual who holds the option. If payments from the Plan
are made on account of a Change of Control event described in subsection (a) or (b), above, that occur because the Company or an Affiliate purchases its stock held by the Participant or because the Company, an Affiliate, or a third party
purchases 

  
 -2-

 
a stock right held by the Company or Affiliate, or that are calculated by reference to the value of the Company or Affiliate’s stock, such payments shall be completed not later than 5 years
after the Change of Control event. A Change of Control shall be subject to such further rules, conditions, limitations, restrictions, or clarifications prescribed under Section 409A of the Code, including, without limitation, Treasury
Regulation §§1.409A-3(i)(5)(v), (vi) and (vii). 
 1.7 “Code” shall mean the Internal Revenue Code of
1986, as amended. Reference to a specific section of the Code shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing or superseding such section.

 1.8 “Committee” shall mean the Supplemental Retirement Executive Plan Committee, as it may be constituted from time
to time. 
 1.9 “Company” shall mean Actuant Corporation, a Wisconsin corporation. 

1.10 “Company Contributions” shall mean the amounts credited to Participants’ Accounts under the Plan pursuant to
Section 3. 
 1.11 “Compensation” shall mean the base salary of a Participant for a Plan Year beginning on or
after September 1, 2010 and any bonuses paid to him or her under any of the Company’s or Affiliate’s incentive or bonus plans during such Plan Year. Any bonuses scheduled to be received by a Participant in the Plan Year following his
or her final Plan Year of active participation in the Plan and not otherwise excluded below shall also be included as “Compensation” paid during his or her final Plan Year. Notwithstanding the foregoing, “Compensation” shall not
include (a) any bonus or salary payments made pursuant to a Change of Control, (b) any earnings accrued or bonuses paid under the Actuant Corporation Medium Term Incentive Bonus Plan and the Actuant Corporation Long Term Incentive Plan,
and (c) any payments or income received from stock options, restricted stock, or restricted stock units. With respect to any given Plan Year, the Committee also retains discretion to include in “Compensation” any payments made to a
Participant by his or her employer prior to such employer becoming an Affiliate. 
 1.12 “Disability” or
“Disabled” shall mean the mental or physical inability of a Participant to perform the regularly assigned duties of his or her employment, provided that such inability (a) has continued or is expected to continue for a period of at
least 12 months and (b) is evidenced by the certificate of a physician satisfactory to the Committee stating that such inability exists and is likely to be permanent. 
 1.13 “Eligible Employee” shall mean any executive serving on the Executive Leadership Team. Notwithstanding the foregoing, any executive serving on the Executive Leadership Team but working
outside the United States on a permanent basis shall only be considered an “Eligible Employee” for the Plan Year if such individual submits a request for participation no less than 30 days prior to the beginning of the Plan Year and the
Committee approves such request. 

  
 -3-

 1.14 “ERISA” shall mean the Employee Retirement Income Security Act of 1974, as
amended. Reference to a specific section of ERISA shall include such section, any valid regulation promulgated thereunder, and any comparable provision of any future legislation amending, supplementing or superseding such section. 

1.15 “Participant” shall mean an Eligible Employee who (a) has become a Participant in the Plan pursuant to
Section 2.1 and (b) has not ceased to be a Participant pursuant to Section 2.2. 
 1.16 “Participant’s
Account” or “Account” shall mean as to any Participant the separate account maintained on the records of the Company in order to reflect his or her interest under the Plan. 

1.17 “Plan” shall mean the Actuant Corporation Supplemental Executive Retirement Plan, as set forth in this instrument and as
hereafter amended from time to time, and, to the extent (and only to the extent) required under Section 409A of the Code, any other plan with which the Plan is required to be aggregated under Section 409A of the Code. This Plan is intended
to constitute an account balance plan, as defined in Treasury Regulation §1.409A-1(c)(2)(i)(A). 
 1.18 “Plan
Year” shall mean each 12-month period beginning September 1 and ending the following August 31. 
 1.19
“Termination of Employment” shall mean the date of the Participant’s separation from service (within the meaning of Treasury Regulation §§1.409A-1(h) and 1.409A-2(i)(2)) for any reason, including by reason of death or
Disability, with the Company and its Affiliates, except that in applying Sections 1563(a)(1), (2), and (3) of the Code for purposes of determining the controlled group of corporations under Section 414(b) of the Code, the language “at
least 50 percent” is used instead of “at least 80 percent” each place it appears in Section 1563(a)(1), (2), and (3) of the Code, and in applying Treasury Regulation §1.414(c)-2 for purposes of determining trades or
businesses (whether or not incorporated) that are under common control for purposes of Section 414(c) of the Code, “at least 50 percent” is used instead of “at least 80 percent” each place it appears in Treasury Regulation
§1.414(c)-2. The employment relationship is treated as continuing intact while the Participant is on military leave, sick leave, or other bona fide leave of absence if the period of any such leave does not exceed six months, or if longer, so
long as the Participant retains the right to reemployment with the Company or an Affiliate under an applicable statute or by contract. A leave of absence constitutes a bona fide leave of absence only if there is a reasonable expectation that the
Participant will return to perform services for the Company or an Affiliate. If the period of leave exceeds six months and the Participant does not retain a right to reemployment under an applicable law or by contract, the employment relationship is
deemed to terminate on the first date immediately following such six-month period. 
 1.20 “Years of Service” shall be
determined in accordance with the following paragraphs: 

  
 -4-

	 	(a)	An Eligible Employee shall be credited with one (1) Year of Service for each full, completed year of employment with the Company or an Affiliate. Full years of
employment shall be measured from the Eligible Employee’s most recent employment date. Partial years of employment shall not be recognized. Years of employment ending prior to the effective date of the Plan are included in determining Years of
Service. 

  

	 	(b)	If an Eligible Employee previously worked for the Company or an Affiliate, terminated employment, and was subsequently reemployed by the Company or an Affiliate, full
years of employment accrued prior to the most recent reemployment date shall not be counted as Years of Service, except as shall be determined by the Committee in its sole discretion. 

 

	 	(c)	An Eligible Employee’s service with a predecessor employer shall not be counted as Years of Service, except as shall be determined by the Committee in its sole
discretion. 

 For purposes of determining the amount of the Company Contribution to which a Participant is entitled under
Section 3, a Participant’s total Years of Service for a Plan Year shall be determined as of the last day of such Plan Year. 
 SECTION 2 
 Participation 

 

	2.1	Participation 

 Each
Eligible Employee shall become a Participant in the Plan as of the later of: (a) September 1, 2010 or (b) the date on which the employee becomes an Eligible Employee. 

 

	2.2	Termination of Participation 

 An Eligible Employee who has become a Participant shall remain a Participant until his or her entire vested Account balance is distributed. However, an Eligible Employee who has become a Participant may
or may not be an active Participant receiving a Company Contribution for a particular Plan Year, depending upon whether he or she is still serving on the Executive Leadership Team. 

  
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 SECTION 3 
 Company Contributions 
 The Company shall make a Company Contribution to
the Plan for a Plan Year on behalf of each Participant, provided that such Participant is serving on the Executive Leadership Team on the last day of such Plan Year or incurred a termination of employment with the Company and all Affiliates prior to
the last day of such Plan Year by reason of death, Disability, or another event approved by the Committee in its discretion. The amount of the Company Contribution will equal a percentage of the Participant’s Compensation for that Plan Year,
and such percentage of Compensation shall be based on the total of the Participant’s Age and Years of Service, as determined in accordance with the following chart: 

 

			
	 Age + Years of Service
	  	Percentage of Compensation
	 Less than 50
	  	3%
	 50-59
	  	4%
	 60-69
	  	5%
	 70 or more
	  	6%

 Notwithstanding the foregoing, the Committee has the discretion to make a Company Contribution to a
Participant based on a fixed dollar amount or percentage of pay other than the percentage set forth above as determined by the Committee, so long as (a) such dollar amount or percentage is higher than the amount or percentage that would
otherwise apply based on the chart above; and (b) the Committee communicates the new dollar amount or percentage to the Participant in writing for each Plan Year in which the new dollar amount or percentage applies. 

An individual who first becomes a Participant during a Plan Year shall be eligible to receive a Company Contribution for that Plan Year
based on Compensation paid during the entire Plan Year, so long as such Participant is otherwise serving on the Executive Leadership Team on the last day of such Plan Year or incurred a termination of employment with the Company and all Affiliates
prior to the last day of such Plan Year by reason of death, Disability, or another event approved by the Committee in its discretion. 
 SECTION 4 
 Notional Investment of Contributions 

The Administrator has designated one investment option, the Deemed Interest Crediting Option, for the notional investment of
Participants’ Accounts. All Company Contributions made to the Plan, and the deemed interest attributable thereto, shall be invested in the Deemed Interest Crediting Option. This investment option is for recordkeeping

  
 -6-

 
purposes only and does not allow Participants to direct any Company assets (or, if applicable, the assets of any trust related to the Plan). 

Company Contributions shall be credited with deemed interest as of the end of each month. A Participant’s monthly interest credit
with respect to the portion of the Participant’s Account that is attributable to the Participant’s service with the Company or an Affiliate during a particular Plan Year shall be equal to: (a) such portion of the Participant’s
Account as of the first day of the month, less any distributions of such portion of the Participant’s Account during the month pursuant to Section 6, multiplied by (b) a rate equal to one-twelfth of the applicable “Deemed
Interest Rate.” The “Deemed Interest Rate” shall be a rate of interest determined annually by the Committee prior to the beginning of each Plan Year. The Deemed Interest Rate shall be announced to Participants prior to the start of
each Plan Year. The Deemed Interest Rate for a Plan Year shall apply to all Company Contributions attributable to service with the Company or an Affiliate during the applicable Plan Year for as long as those contributions are maintained under the
Plan. 
 SECTION 5 
 Accounting 
  

	5.1	Participants’ Accounts 

 For each Plan Year, at the direction of the Administrator, there shall be established and maintained on the records of the Company, a “Company Contribution Account” to reflect the Company
Contributions made on the Participant’s behalf during such Plan Year and the notional income attributable thereto. Except as expressly modified, all accounts maintained for a Participant are referred to collectively as the Participant’s
“Account.” 
  

	5.2	Participants Remain Unsecured Creditors 

 All amounts credited to a Participant’s Account under the Plan shall continue for all purposes to be a part of the general assets of the Company. Each Participant’s interest in the Plan shall
make him or her only a general, unsecured creditor of the Company. 
  

	5.3	Accounting Methods 

 The
accounting methods or formulae to be used under the Plan for the purpose of maintaining the Participants’ Accounts, including the calculation and crediting of notional income, shall be determined by the Administrator, in its sole discretion.
The accounting methods or formulae selected by the Administrator may be revised from time to time. If a Participant has a question regarding the accounting methods or formulae applicable to the

  
 -7-

 
maintenance of his or her Account, the Participant may submit a written request to the Administrator for a written explanation and confirmation of such accounting methods or formulae. However, no
Participant or Beneficiary shall have any right to examine books, records, or accounts of the Company in connection with amounts payable under the Plan. 
  

	5.4	Reports 

 Each Participant
shall be furnished with periodic statements of his or her Account, reflecting the status of his or her interest in the Plan, at least annually. 
 SECTION 6 
 Distributions 

 

	6.1	General Timing of Distributions 

 Payment of a Participant’s Account shall commence upon the expiration of the six-month period following the Participant’s Termination of Employment. In the event amounts under the Plan are
payable in installments, the first annual installment shall be delayed not less than six months after such Participant’s Termination of Employment, with all other annual installment payments payable as originally scheduled. During the delay in
payment specified under this Section 6.1, unpaid amounts shall continue to be credited with notional income. 
  

	6.2	Form of Payment 

  

	 	(a)	 Election. For each Plan Year in which a Participant is eligible to receive a Company Contribution, the Participant shall submit a benefit
election form as to the form of payment for his or her Company Contribution (and associated notional income) for such Plan Year. The Administrator, in its sole discretion, shall determine the manner and deadlines for Participants to make these form
of payment elections, and such election shall become irrevocable on the December 31 immediately prior to the start of such Plan Year. For a Participant who first becomes eligible to participate in the Plan in the middle of a Plan Year, the
Participant’s benefit election form must be submitted within the first 30 days after becoming an Eligible Employee. Such election shall become irrevocable upon the expiration of this 30-day period. If the Participant fails to complete a benefit
election form for a Plan Year, he or she shall receive his or her benefit (and associated notional income) for such Plan Year in accordance with his or her benefit election form for the immediately preceding Plan Year, and if no such

  
 -8-

	 	
benefit election form for the immediately preceding Plan Year exists, in the form of a lump sum. 

  

	 	(b)	Forms of Payment. Payment (or installment payments) of a Participant’s Account shall be made in cash. Subject to any acceleration of payments required under
this Section 6, a Participant may elect to receive such payment in one of the following forms of payment upon such Participant’s Termination of Employment commencing as of the date specified in Section 6.1: (i) a lump sum
payment, (ii) five annual installment payments, or (iii) ten annual installment payments; provided, however, that a Participant who elects to receive annual installments for five or ten years shall instead receive payment in a lump sum
equal to the balance then credited to his or her Account pursuant to and in accordance with the applicable provisions of this Section 6 if: (A) such Participant’s Termination of Employment occurs due to his or her death or Disability,
or (B) distribution to such Participant is accelerated due to a Change of Control. If the Participant elected to receive five or ten annual installment payments, subject to any acceleration of payments required under this Section 6, his or
her first installment shall be equal to 1/5th or 1/10th (respectively) of the balance then credited to his or her Account that is attributable to service with the Company or an Affiliate during the Plan Year with respect to which the election
relates. Each subsequent annual installment shall be paid to the Participant in each of the Participant’s subsequent taxable years commencing with such Participant’s second taxable year following the taxable year in which his or her
Termination of Employment occurred and ending in the Participant’s taxable year in which the final annual installment is due. The amount of each subsequent installment shall be equal to the balance then credited to the Participant’s
Account that is attributable to service with the Company or an Affiliate during the Plan Year with respect to which the election relates, divided by the number of annual installments remaining to be made. While a Participant’s Account is in
installment payout status, the unpaid balance credited to the Participant’s Account shall continue to be credited with notional income. 

  

	 	(c)	No Subsequent Change in Form or Timing of Payment. Notwithstanding any provision of this Plan or Section 409A of the Code to the contrary, neither the
Participant nor the Company is permitted to change or revoke the form or timing of payment with respect to a Participant’s Company Contributions on or after the date on which such election becomes irrevocable. 

  
 -9-

	6.3	Change of Control 

 If
there is a Change of Control, the balance then credited to a Participant’s Account shall be distributed to him or her in a lump sum within 90 days after the date of the Change of Control. 

 

	6.4	Special Rule for Death 

If a Participant dies, the balance then credited to his or her Account shall be distributed to his or her Beneficiary in a lump sum within
90 days after the date of death. 
  

	6.5	Forfeiture of Company Contributions 

 If, prior to a Change of Control, the benefit of any Participant in the Plan becomes subject to any “clawback” or similar forfeiture policy adopted by the Company, then the portion of the
Participant’s Account subject to such policy may be forfeited at the discretion of the Committee. 
  

	6.6	Beneficiary Designations 

Each Participant may, pursuant to such procedures as the Administrator may specify, designate one or more Beneficiaries. A Participant may
designate different Beneficiaries (or may revoke a prior Beneficiary designation) at any time by delivering a new designation (or revocation of a prior designation) in like manner. Any designation or revocation shall be effective only if it is
received by the Administrator. However, when so received, the designation or revocation shall be effective as of the date the notice is executed (whether or not the Participant still is living), but without prejudice to the Administrator on account
of any payment made before the change is recorded. The last effective designation received by the Administrator shall supersede all prior designations. If a Participant dies without having effectively designated a Beneficiary, or if no Beneficiary
survives the Participant, the Participant’s Account shall be payable to his or her surviving spouse, or, if the Participant is not survived by his or her spouse, the Account shall be paid to his or her estate. 

 

	6.7	Payments to Incompetents 

If any individual to whom a benefit is payable under the Plan is a minor or legally incompetent, the Committee shall determine whether
payment shall be made directly to the individual, any person acting as his or her custodian or legal guardian under the Uniform Transfers to Minors Act, his or her legal representative or a near relative, or directly for his or her support,
maintenance or education. 

  
 -10-

	6.8	Undistributable Accounts 

Each Participant and (in the event of death) his or her Beneficiary shall keep the Administrator advised of his or her current address. If
the Administrator is unable to locate a Participant to whom a Participant’s Account is payable under this Section 6, the Participant’s Account shall be held in suspense pending location of the Participant, without any prejudice to the
Committee, the Administrator, or the Company (and each of their respective authorized delegates), as the case may be, including, without limitation, for any additional tax liability resulting from such delay in payment, provided that such unpaid
amounts shall continue to be credited with notional income. If the Administrator is unable to locate a Beneficiary to whom a Participant’s Account is payable under this Section 6 within six (6) months (or such other period during
which payment must commence under this Section 6 or, if later, such other period permitted under Section 409A of the Code) of the Participant’s death, the Participant’s Account shall be paid to the Participant’s estate.

  

	6.9	Committee Discretion 

Within the specific time periods described in this Section 6, the Committee shall have sole discretion to determine the specific
timing of the payment of any Account balance under the Plan. In addition and notwithstanding any contrary provision of the Plan, the Committee, in its sole discretion, may cause the balance credited to a Participant’s Account to be paid to him
or her in a lump sum at any time following the Participant’s termination of employment with the Company and all Affiliates. Notwithstanding the foregoing, the Committee shall retain and exercise such discretion reserved hereunder only to the
extent such retention and exercise of discretion does not violate the requirements of Section 409A of the Code. 
  

	6.10	Withholding; Reporting 

To the extent required by law in effect at the time any distribution is made from the Plan, the Company shall withhold any taxes and such
other amounts required to be withheld. Further, to the extent required by law, the Company shall report amounts deferred and/or amounts taxable under the Plan to the appropriate governmental authorities, including, without limitation, to the United
States Internal Revenue Service. 
 SECTION 7 
 Participant’s Interest in Account 
 Subject to Sections 5.2 (relating
to creditor status) and 9.2 (relating to amendment and/or termination of the Plan), a Participant’s interest in the balance credited to his or her Account shall become fully vested and nonforfeitable at the earliest of the following dates:

  
 -11-

	 	(a)	The date the Participant completes five Years of Service. 

  

	 	(b)	The date of the Participant’s death while in the employ of the Company or an Affiliate. 

 

	 	(c)	The date of the Participant’s Termination of Employment by reason of Disability. 

 

	 	(d)	The Participant’s attainment of age 60 while in the employ of the Company or an Affiliate. 

SECTION 8 

Administration of the Plan 
  

	8.1	Plan Administrator 

 The
Company is hereby designated as the administrator of the Plan (within the meaning of Section 3(16)(A) of ERISA). 
  

	8.2	Committee 

 The Committee
shall have the authority to control and manage the operation and administration of the Plan. Any member of the Committee may resign at any time by notice in writing mailed or delivered to the Secretary of the Company. 

 

	8.3	Actions by Committee 

Each decision of a majority of the members of the Committee then in office shall constitute the final and binding act of the Committee.
The Committee may act with or without a meeting being called or held and shall keep minutes of all meetings held and a record of all actions taken by written consent. 
  

	8.4	Powers of Committee 

 The
Committee shall have all powers and discretion necessary or appropriate to supervise the administration of the Plan and to control its operation in accordance with its terms, including, but not by way of limitation, the following powers: 

 

	 	(a)	 To interpret and determine the meaning and validity of the provisions of the Plan and to determine any question arising

  
 -12-

	 	
under, or in connection with, the administration, operation or validity of the Plan or any amendment thereto; 

 

	 	(b)	To determine any and all considerations affecting the eligibility of any employee to become a Participant or remain a Participant in the Plan; 

 

	 	(c)	To cause one or more separate Accounts to be maintained for each Participant; 

 

	 	(d)	To cause Company Contributions and notional income to be credited to Participants’ Accounts; 

 

	 	(e)	To establish and revise an accounting method or formula for the Plan, as provided in Section 5.3; 

 

	 	(f)	To determine the manner and form in which any distribution is to be made under the Plan; 

 

	 	(g)	To determine the status and rights of Participants and their spouses, Beneficiaries or estates; 

 

	 	(h)	To employ such counsel, agents and advisers, and to obtain such legal, clerical and other services, as it may deem necessary or appropriate in carrying out the
provisions of the Plan; 

  

	 	(i)	To establish, from time to time, rules for the performance of its powers and duties and for the administration of the Plan; 

 

	 	(j)	To arrange for annual distribution to each Participant of a statement of benefits accrued under the Plan; 

 

	 	(k)	To establish a claims and appeal procedure satisfying the minimum standards of Section 503 of ERISA pursuant to which individuals or estates may claim Plan
benefits and appeal denials of such claims; 

  

	 	(l)	To delegate to any one or more of its members or to any other person, severally or jointly, the authority to perform for and on behalf of the Committee one or more of
the functions of the Committee under the Plan; and 

  

	 	(m)	To decide all issues and questions regarding Account balances, and the time, form, manner, and amount of distributions to Participants. 

  
 -13-

	8.5	Decisions of Committee 

Benefits under the Plan will be paid to a person only if the Committee or its delegate decides in its discretion that the person is
entitled to such benefits. All actions, interpretations, and decisions of the Committee or its delegate shall be conclusive and binding on all persons, and shall be given the maximum possible deference allowed by law. No action at law or in equity
shall be brought to recover benefits under this Plan until the appeal rights herein provided have been exercised and the Plan benefits requested in such appeal have been denied in whole or in part. After exhaustion of the Plan’s claim
procedures, any further legal action taken against the Plan or its fiduciaries by the Participant or other claimant must be filed in a court of law no later than 120 days after the Committee’s final decision regarding the claim. 

 

	8.6	Administrative Expenses 

Expenses incurred in the administration of the Plan by the Committee or otherwise, including legal fees and expenses, shall be paid by the
Company in such proportions and allocations as the Committee determines. 
  

	8.7	Eligibility to Participate 

No member of the Committee who is also an employee of an Company or an Affiliate shall be excluded from participating in the Plan if
otherwise eligible, but he or she shall not be entitled, as a member of the Committee, to act or pass upon any matters pertaining specifically to his or her own Account under the Plan. 

 

	8.8	Indemnification 

 The
Company and any Affiliates employing Participants shall, and hereby do, indemnify and hold harmless the members of the Committee, from and against any and all losses, claims, damages or liabilities (including attorneys’ fees and amounts paid,
with the approval of the Board of Directors, in settlement of any claim) arising out of or resulting from the implementation of a duty, act or decision with respect to the Plan, so long as such duty, act or decision does not involve gross negligence
or willful misconduct on the part of any such individual. 
  

	8.9	Currency 

 The amount and
notional investment of all Company Contributions shall be calculated in U.S. dollars at actual exchange rates, as established by the Committee. Any distributions from this Plan shall also be made in U.S. dollars. 

  
 -14-

 SECTION 9 
 Modification or Termination of Plan 
  

	9.1	Employers’ Obligations Limited 

 The Company intends to continue the Plan indefinitely, and to maintain each Participant’s Account until it is scheduled to be paid to him or her in accordance with the provisions of the Plan.
However, the Plan is voluntary on the part of the Company, and the Company does not guarantee to continue the Plan. The Company at any time may, by amendment of the Plan, suspend or discontinue Company Contributions, with or without cause. Complete
discontinuance of all Company Contributions shall be deemed a termination of the Plan. 
  

	9.2	Right to Amend or Terminate 

 The Board of Directors reserves the right to alter, amend or terminate the Plan, or any part thereof, in such manner as it may determine, at any time and for any reason. The Board of Directors may
delegate its authority under this subsection to any individuals or committee. The Company, in its sole discretion, may seek a private letter ruling from the Internal Revenue Service regarding the tax consequences of the Plan. If such a ruling is
sought, the Committee shall have the right to adopt such amendments to the Plan, including retroactive amendments, as the Internal Revenue Service may require as a condition to the issuance of such ruling. 

 

	9.3	Effect of Termination 

 If
the Plan is terminated pursuant to this Section 9, the balances credited to the Accounts of the affected Participants shall be distributed to them at the time and in the manner set forth in Section 6; provided, however, that the Committee,
in its sole discretion, may authorize accelerated distribution of Participants’ Accounts as of any earlier date; provided that such discretion reserved to the Committee to accelerate the form and timing of the distribution of Participants’
Accounts shall be exercised only to the extent the termination of the Plan arises pursuant to and in accordance with one of the following provisions: 
  

	 	(a)	 Corporate Dissolution or Bankruptcy. The Plan is terminated and liquidated by the Company within 12 months of a corporate dissolution taxed
under Section 331 of the Code, or with the approval of a bankruptcy court pursuant to Section 503(b)(1)(A) of the Bankruptcy Code, provided such amounts are included in the Participants’ gross incomes in the latest of the following
years (of, if earlier, the taxable year in which such amounts are actually or constructively received): (i) the calendar year in which the Plan is terminated and liquidated, (ii) the first calendar year in which amounts are no longer
subject to a 

  
 -15-

	 	
substantial risk of forfeiture, or (iii) the first calendar year in which the payment is administratively practicable. 

 

	 	(b)	Change of Control Event. The Company takes irrevocable action to terminate and liquidate the Plan within the 30 days before or 12 months after the occurrence of
a Change of Control, provided that all other plans sponsored by the Company and any of its Affiliates after the Change of Control with which the Plan is required to be aggregated under Section 409A of the Code are terminated and liquidated with
respect to each Participant that experienced the Change of Control, so that all such Participants are required to receive a distribution of the amounts deferred under the Plan and such aggregated plans within 12 months of the date the Company took
such irrevocable action to terminate and liquidate all such aggregated plans. 

  

	 	(c)	Termination of All Similar Arrangements. The Plan is terminated and liquidated by the Company, provided (i) the termination and liquidation does not occur
proximate to a downturn in the financial health of the Company; (ii) the Company terminates and liquidates all other plans required to be aggregated under Section 409A if the same Participant had deferrals of compensation under all such
aggregated plans, (iii) no payments are made on account of the terminations (other than payments that would have been payable in the absence of the plan terminations) within 12 months of the date the Company takes irrevocable action to
terminate and liquidate all such aggregated plans, (iv) all payments are made within 24 months of the of the date the Company takes irrevocable action to terminate and liquidate all such aggregated plans, and (vi) within three years
following the date the Company takes irrevocable action to terminate and liquidate all such aggregated plans, the Company and its Affiliates do not establish any new nonqualified deferred compensation plans that would otherwise have been aggregated
with the Plan under Section 409A of the Code if the same Participant participated in both plans. 

  

	 	(d)	Other. The Plan is terminated and liquidated pursuant to and in accordance such other events and conditions prescribed under Section 409A of the Code.

  
 -16-

 SECTION 10 
 General Provisions 
  

	10.1	Inalienability 

 In no
event may either a Participant, a former Participant or his or her Beneficiary, spouse or estate sell, transfer, anticipate, assign, hypothecate, or otherwise dispose of any right or interest under the Plan; and such rights and interests shall not
at any time be subject to the claims of creditors nor be liable to attachment, execution or other legal process. Accordingly, for example, a Participant’s interest in the Plan is not transferable pursuant to a domestic relations order.

  

	10.2	Successors, Acquisitions, Mergers, Consolidations 

 The terms and conditions of the Plan shall inure to the benefit of and bind the Company, the Participants, their successors, assigns and personal representatives. 

 

	10.3	Rights and Duties 

Neither the Company nor the Committee shall be subject to any liability or duty under the Plan except as expressly provided in the Plan,
or for any action taken, omitted or suffered in good faith. 
  

	10.4	No Right to Company Assets 

No Participant or other person shall acquire by reason of the Plan any right in or title to any assets, funds or property of the Company
whatsoever, including, without limiting the generality of the foregoing, any specific funds, assets, or other property which the Company, in its sole discretion, may set aside in anticipation of liability hereunder. Any benefit which becomes payable
hereunder shall be paid from the general assets of the Company. A Participant shall have only a contractual right to the amounts, if any, payable hereunder to that Participant. The Company’s obligations under this Plan are not secured or funded
in any manner, even if the Company elects to establish a trust with respect to the Plan. Even though benefits provided under the Plan are not funded, the Company may establish a trust to assist in the payment of benefits. All investments under this
Plan are notional and do not obligate the Company (or its delegates) to invest the assets of the Company or of any such trust in a similar manner. 
  

	10.5	No Enlargement of Employment Rights 

 Neither the establishment or maintenance of the Plan, the making of any Company Contributions nor any action of the Company or the Committee, shall be held or

  
 -17-

 
construed to confer upon any individual any right to be continued as an employee of the Company or any Affiliate nor, upon dismissal, any right or interest in any specific assets of the Employers
other than as provided in the Plan. The Company and its Affiliates expressly reserve the right to discharge any employee at any time. 
  

	10.6	Apportionment of Costs and Duties 

 Whenever the Company is permitted or required under the terms of the Plan to do or perform any act, matter or thing, it shall be done and performed by any officer or employee of the Company who is
thereunto duly authorized by the Board of Directors of the Company. 
  

	10.7	Company Contributions Not Counted Under Other Employee Benefit Plans 

 Company Contributions under the Plan will not be considered for purposes of contributions or benefits under any other employee benefit plan sponsored by the Company or any of its Affiliates. 

 

	10.8	Applicable Law 

 The
provisions of the Plan shall be construed, administered and enforced in accordance with applicable Federal law, and to the extent not preempted thereby or inconsistent therewith, with the laws of the State of Wisconsin, without regard to the
conflicts of laws provisions of that State or any other jurisdiction. Without limiting the generality and applicability of the foregoing and notwithstanding any provision in the Plan to the contrary, if and to the extent that the payment of any
Accounts would otherwise violate the requirements of Section 409A of the Code, such Accounts shall be paid under such other conditions determined by the Administrator or the Committee, as the case may be, that cause the payment of such Accounts
to comply with Section 409A of the Code and the Plan shall be construed and administered accordingly to achieve that objective. 
  

	10.9	Responsibility for Legal Effect 

 No representations or warranties, express or implied, are made by the Company or the Committee and neither the Company nor the Committee assumes any responsibility concerning the legal, tax, or other
implications or effects of the Plan. 
  

	10.10	Severability 

 If any
provision of the Plan is held invalid or unenforceable, its invalidity or unenforceability shall not affect any other provisions of the Plan, and in lieu of each provision which is held invalid or unenforceable, there shall be added as part of the
Plan a 

  
 -18-

 
provision that shall be as similar in terms to such invalid or unenforceable provision as may be possible and be valid, legal, and enforceable. 

 

	10.11	Captions 

 The captions
contained in and the table of contents prefixed to the Plan are inserted only as a matter of convenience and for reference and in no way define, limit, enlarge or describe the scope or intent of the Plan nor in any way shall affect the construction
of any provision of the Plan. 

  
 -19-

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00195-of-00352.parquet"}]]