Document:

Golden Elephant Glass Technology, Inc: Exhibit 10.20 - Prepared by TNT Filings Inc.

  

Exhibit 10.20 

English Translation 

of License Agreement 

Parties to the Agreement: 

Party A: Fuxin Hengrui Tianyuan New Energy Co., Ltd. 

Party B: Fuxin Hengrui Technology Co., Ltd. 

Party A and Party B have, after mutual negotiation, entered
into the following Agreement: 

1. 

Party A owns the
following technologies; 

A. 

Technologies
that have been granted patent: 

a. 

(title of the
utility model: synfuel spray rod, Patent Registration No. ZL 2006 2 0168238.6)

b. 

(title of the
utility model: commutating blow down valve for inflamer, Patent Registration No.
ZL 2006 2 0168237.1 

B. 

Technologies to which patent applications have been submitted to PRC Patent and
Trademark Office: 

a. 

(title of the invention: preparation method for synfuel made from refinery coke
and anthracite, Patent Application No. 200610134826.2) 

b. 

(title of the invention: commutating blow down valve for inflamer, Patent
Application No. 200610134827.7) 

c. 

(title of the invention: synfuel spray rod, Patent Application No.
200610134828.1) 

2. 

Party A hereby
grants Party B exclusive license for the use of all the technologies listed
under Article 1 of this Agreement for no consideration. The term of the
Agreement starts from the execution date of this Agreement until the expiration
date of the patents or the date when Party A loses its proprietary rights to the
technologies for reasons other than the expiration of patents. 

3. 

In case Party A
assigns its technologies to any third party, Party B’s rights under Article 2
hereof shall not be affected. 

4. 

In case Party
A’s patents or technologies infringe the rights of any third party that results
in any losses to Party B, Party A shall indemnify Party B. 

5. 

The parties
shall enter into separate agreements if Party A provides any consultation or
technical support services to Party B. 

6. 

The Agreement
becomes effective upon execution by both parties. 

7. 

This Agreement
will be executed in two originals. The Parties will each hold one original. Each
of the two originals should have equal legal effect. 

Party A: Fuxin Hengrui Tianyuan New Energy Co., Ltd. 

Legal Representative [SEAL] 

Party B: Fuxin Hengrui Technology Co., Ltd. 

Legal Representative [SEAL] 

Date: August 27, 2008EXHIBIT 10.4

AMENDED AND
RESTATED
SUPPLEMENTAL OFFICERS
RETIREMENT PLAN 

     The purpose of this Amended and
Restated Supplemental Officers Retirement Plan (the “Plan”) is to provide an
additional means by which AUTOMATIC DATA
PROCESSING, INC. may attract, retain and
encourage the productive efforts of a select group of corporate vice presidents
and more senior corporate officers who provide valuable services to
AUTOMATIC DATA PROCESSING,
INC. and its subsidiaries. The Plan provides
supplemental retirement benefits to qualifying participants. The Plan is hereby
amended and restated in its entirety effective August 14, 2008 to, among other
things, reflect certain design changes and to comply with Section 409A of the
Code. 

     The Plan reads as follows:

ARTICLE I

DEFINITIONS 

     The following terms when used in
this Plan shall have the designated meaning, unless a different meaning is
clearly required by the context. 

     1.1 62nd Birthday. Means the date which is the first day of the
calendar month coincident with or next following the Participant’s
62nd 
birthday. 

     1.2 Annual Plan Benefit. Subject to the limitations set forth in Section
3.1(c), the Annual Plan Benefit shall be (i) for Grandfathered Participants, the
annual amount of a Participant’s Plan benefit calculated in accordance with the
provisions of Section 3.1(a) and (ii) for Non-Grandfathered Participants, the
annual amount of a Participant’s Plan benefit calculated in accordance with the
provisions of Section 3.1(b), as applicable. 

     1.3 Committee. Three board members or senior officers of the
Corporation appointed from time to time by the Board of Directors of the
Company. 

     1.4
Board.
The Board of Directors of the Company. 

     1.5
Code.
The Internal Revenue Code of 1986, as amended. 

     1.6 Company. Automatic Data Processing, Inc. (“ADP”) and its
subsidiaries, and ADP’s successors. 

     1.7 Disability. “Disability” shall have the same meaning, and
shall be determined in the same manner, as it is determined under the Company’s
Long Term Disability Insurance Program as in effect on the date the Disability
begins; provided, however, that a Participant shall not have a
Disability for purposes of the Plan unless the Participant is unable to engage
in any substantial gainful activity by reason of any medically determinable
physical or mental impairment which can be expected to result in death or can be
expected to last for a continuous period of not less than 12 months, or the
Participant is, by reason of any medically determinable physical or mental
impairment which can be expected to result in death or can be expected to last
for a continuous period of not less than 12 months, receiving income replacement
benefits for a period of not less than 3 months under an accident and health
plan covering the Company’s employees. 

     1.8 Early Retirement Benefit. Means an amount equal to the Participant’s
Annual Plan Benefit, as reduced in accordance with the terms of Section
3.3(b). 

     1.9 Early Retirement Date. Means the date which is the first day of
the calendar month coincident with or next following the Participant’s
60th birthday.

     1.10
Final Average Annual Pay.

          (a) For Non-Grandfathered Participants, Final Average
Annual Pay shall mean the average annual compensation for such Participant for
the five full consecutive calendar years during his Future Service period during
which he received the largest total amount of compensation. For this purpose, a
Non-Grandfathered Participant’s “compensation” shall mean the total compensation
actually paid or accrued by the Company to or for such Non-Grandfathered
Participant including, without limitation, bonuses paid or accrued, performance
incentive payments and the like, and excluding relocation pay, severance pay,
the value of any Company- provided fringe benefits (including, without
limitation, car allowances, personal travel allowances and tax gross-ups),
compensation derived from stock options, stock appreciation rights, stock plans
and programs (including, without limitation, restricted stock plans and programs
and grants of restricted stock units), or any similar plans; provided that,
notwithstanding anything to the contrary set forth herein, amounts deferred at
such Non-Grandfathered Participant’s election under a plan described in section
401(k) of the Code, and the value (at time of grant) of any stock option grant
made in lieu of a bonus payment, shall be included in such Participant’s
compensation. The Company’s chief executive officer shall determine the value of
any stock option grant made in lieu of a bonus payment, which value shall not,
in any event, be: (i) greater than the “target bonus” amount the stock option
grant was made in lieu of (the “Substituted Amount”) or (ii) less than the
amount such Participant would have received had the foregoing stock option grant
not been made and the normal bonus “scoring” methodology been applied to the
Substituted Amount, provided that such amount shall not exceed the Substituted
Amount. The value of such stock option grant shall be included in a
Non-Grandfathered Participant’s compensation in the calendar year in which the
bonus (which the stock option was granted in lieu of) would have otherwise been
paid or accrued; and

          (b) For Grandfathered
Participants,Final
Average Annual Pay shall mean the average annual compensation for such
Grandfathered Participant for the five full consecutive calendar years during
his Future Service period during which he received the largest total amount of
compensation. For this purpose, a Grandfathered Participant’s “compensation”
shall mean the total compensation actually paid or accrued by the Company to or
for such Participant including, without limitation, bonuses paid or accrued
(other than any bonuses paid or accrued under the Company’s three-year GIP
growth incentive plan), performance incentive payments and the like and
restricted stock plans and programs (other than (A) the Company’s 2005 fiscal
year and 2006 fiscal year broad-based performance-based restricted stock
programs (PBRS) in which all “letter grade” associates participated and (B) the
Company’s two-year accelerated revenue PBRS programs (i.e. the ARPs), the first
of which commenced in the Company’s 2007 fiscal year), and excluding relocation
pay, compensation derived from stock options, stock appreciation rights or any
similar plans; provided that, notwithstanding anything to the contrary set forth
herein, amounts

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deferred at such Participant’s election
under a plan described in section 401(k) of the Code, and the value (at time of
grant) of any stock option grant made in lieu of a bonus payment, shall be
included in such Grandfathered Participant’s compensation. The Company’s chief
executive officer shall determine the value of any stock option grant made in
lieu of a bonus payment, which value shall not, in any event, be: (i) greater
than the Substituted Amount or (ii) less than the amount such Participant would
have received had the foregoing stock option grant not been made and the normal
bonus “scoring” methodology been applied to the Substituted Amount, provided
that such amount shall not exceed the Substituted Amount. The value of such
stock option grant shall be included in a Grandfathered Participant’s
compensation in the calendar year in which the bonus (which the stock option was
granted in lieu of) would have otherwise been paid or accrued. The value (on the
date that restrictions lapse) of a Grandfathered Participant’s restricted stock
with restrictions lapsing during the Company’s fiscal year that begins during
the applicable calendar year shall be included in the Participant’s compensation
for such calendar year; provided that, in the case of restricted stock that is
includable in a Participant’s compensation for calendar year 2007, the value of
such restricted stock will be determined by multiplying (a) the price of a share
of the Company’s common stock on the date the restrictions thereon lapse
(determined consistently with past practice), by (b) the number resulting from
multiplying the aggregate number of includable restricted shares by a fraction,
the numerator of which is the “last trade” price of a share of the Company’s
common stock on the trading date immediately prior to the date the Spin-off
occurs and the denominator of which is the “first trade” price of the Company’s
common stock on the trading date on which the Spin-off has occurred.

     1.11 Former Participant. Means any person who (i) was a Participant
in the Plan, (ii) stopped accruing benefits under the Plan pursuant to Article
II(b), (iii) continued to be employed by the Company until after age 65 and (iv)
has a Separation from Service more than one month after the Participant’s
accruals under the Plan cease pursuant to the clause (ii) of this
definition.

     1.12 Future Service. A Participant’s period of full calendar years of continuous
employment with the Company after his Plan participation has begun and only
includes the period of employment during which the Participant is accruing a
benefit under the Plan. Leaves of absence of less than six months may be taken
into account as Future Service, to the extent provided by the Committee. The
Committee may, in a Supplement, grant a Participant prior service credit for
determining the length of his Future Service period. In addition, at the
discretion of the Company’s Chief Executive Officer, for the calendar year in
which a Participant incurs either an involuntary severance or severance which
entitles the Participant to severance pay under the Company’s severance policy,
the Participant shall be credited with one full calendar year without regard to
when such severance pay terminates. Such service shall in no event be
duplicative of service otherwise credited under the Plan and shall not be
extended under this provision beyond the calendar year in which the severance
pay commences.

     1.13 Grandfathered Participant.
A Participant participating in the Plan on January 1,
2008 and who attained age 50 by January 1, 2009.

     1.14 Government Sponsored Plan
Benefits. The
annual amount of benefits to which a Participant is entitled on his Normal
Retirement Date under all government sponsored retirement benefit plans
(including, without limitation, Participant’s Social Security benefits). A
Participant’s government sponsored retirement plan benefits shall be expressed
as an annual amount in the form of an actuarially equivalent straight life
annuity starting on his Normal Retirement Date.

3

     1.15 Late Retirement Benefit. Means an amount equal to a Participant’s Annual Plan Benefit, as
actuarially adjusted using the Late Retirement Factors set forth in Exhibit A
hereto based on the number of complete months elapsed between a Participant’s
65th birthday and the date as of which
benefits commence under the Plan.

     1.16 Maximum Annual Benefit
Limitation. The
Maximum Annual Benefit Limitation shall be (i) for Grandfathered Participants,
25% of a Participant’s Final Average Annual Pay, and (ii) for Non-Grandfathered
Participants, 45% of a Participant’s Final Average Annual Pay.

     1.17 Non-Grandfathered
Participant. A
Participant who was not participating in the Plan on January 1, 2008 or who had
not attained age 50 by January 1, 2009.

     1.18 Normal Retirement Date. Means the date which is the first day of
the calendar month coincident with or next following the Participant’s or Former
Participant’s 65th birthday.

     1.19 Other Retirement Benefits. The sum of the Participant’s Private Sector
Plan Benefits and his Government Sponsored Plan Benefits.

     1.20 Participant. An individual who has been designated as a Participant
by the Committee pursuant to Article II.

     1.21 Pension
Plan. Automatic
Data Processing, Inc. Pension Retirement Plan.

     1.22 Private Sector Plan
Benefits. The
annual amount of benefits to which a Participant is entitled on his Normal
Retirement Date under all retirement plans maintained by the Company (other than
this Plan), or by any former or subsequent employer of Participant (other than a
governmental body covered by Section 1.14 above), whether as a periodic payment,
as a lump sum, or otherwise; provided, however, that benefits under retirement
plans shall exclude any amounts payable under a bonus deferral plan and any
amounts payable in respect of deferrals made by the Participant under a cash or
deferred arrangement. A Participant’s Private Sector Plan Benefits shall be
expressed as an annual amount in the form of an actuarially equivalent straight
life annuity starting at his Normal Retirement Date.

     1.23 Separation from Service. Shall
mean that employment with the Company and its subsidiaries and affiliates
terminates such that it is reasonably anticipated that no further services will
be performed. Separation from Service shall be interpreted in a manner
consistent with Section 409A of the Code and any applicable regulatory guidance
promulgated thereunder. References hereunder to a Participant’s termination of
employment, the date a Participant’s employment terminates and the like, shall
refer to the ceasing of the Participant’s employment with the Company for any
reason.

     1.24
Spin-off. The tax-free spin-off of the Company’s Brokerage
Services Group business.

     1.25 Supplement. A supplement attached to and made a part of this Plan,
which shall set forth for specific designated Participants any special
conditions applicable to such Participants. The Supplements to the Plan as of
August 13, 2008 are Supplements A and B.

     1.26 Vested Percentage. Except to the extent set forth in Sections
3.4 and 5.5, until a Participant completes 5 full calendar years of Future
Service, such Participant’s Vested Percentage shall be 0% and he shall not be
entitled to any Plan benefits hereunder. Upon completing 5, 6, 7, 8, 9, and 10
or more full calendar years of Future Service, a Participant’s Vested Percentage
shall be 50%, 60%, 70%, 80%, 90%, and 100%, respectively. The Committee may, in
a Supplement, grant a Participant prior service credit for purposes of
determining his Vested Percentage.

4

ARTICLE II

ELIGIBILITY

          (a) The Committee may at any time and from time to time
(but prospectively only) designate any corporate vice president or any more
senior corporate officer of the Company as a Participant in the Plan; provided
that such person participates to the maximum extent permissible in the Company’s
other retirement plans (including, without limitation, the Automatic Data
Processing, Inc. Retirement and Savings Plan and the Automatic Data Processing,
Inc. Pension Retirement Plan) during the entire period he is a Participant in
the Plan.

          (b) A person shall automatically cease to be a Participant on the earlier to occur of the date on which: (i)
he is no longer a corporate vice president or a more senior corporate officer of
the Company; or (ii) he ceases to participate to the maximum extent permissible
in the Company’s retirement plans (including, without limitation, the Automatic
Data Processing, Inc. Retirement and Savings Plan and the Automatic Data
Processing, Inc. Pension Retirement Plan).

ARTICLE III

RETIREMENT
BENEFITS

     3.1 In
General.

          (a) Grandfathered
Participants. A Grandfathered Participant’s
Annual Plan Benefit is the product of (i) his Final Average Annual Pay, (ii) his
Future Service period, (iii) 11⁄2% and (iv) his Vested Percentage, less the amount
payable under the Pension Plan pursuant to a transfer from the Plan to the
Pension Plan; provided that, in no event, may the Participant’s Annual Plan Benefit
exceed the Maximum Annual Benefit Limitation applicable to him (including any
amount transferred to the Pension Plan).

          (b) Non-Grandfathered
Participants. A Non-Grandfathered
Participant’s Annual Plan Benefit is the sum of (A) the product of (i) his Final
Average Annual Pay, (ii) his Future Service period (up to a maximum of 20
years), (iii) 2% and (iv) his Vested Percentage and (B) the product of (i) his
Final Average Annual Pay, (ii) any additional years of Future Service credited
to the Participant after an initial 20 years of Future Service have been
credited, but in any event no more than 5 additional years, (iii) 1% and (iv)
his Vested Percentage, less the amount payable under the Pension Plan pursuant
to a transfer from the Plan to the Pension Plan; provided that, in no event, may
the Participant’s Annual Plan Benefit exceed the Maximum Annual Benefit
Limitation applicable to him (including any amount transferred to the Pension
Plan). Notwithstanding the foregoing, in no event shall a Non-Grandfathered
Participant’s Annual Plan Benefit finally determined hereunder be less than the
value of such Participant’s Annual Plan Benefit determined as of December 31,
2008 (calculated for this purpose only as if such Participant was a
Grandfathered Participant).

5

          (c) In addition, the Annual Plan Benefits
otherwise payable to a Participant under the Plan’s basic benefit formula set
forth in Section 3.1(a) and 3.1(b) above, as applicable, shall be reduced to the
extent necessary to cause the total of the (i) Participant’s Annual Plan
Benefits and (ii) Participant’s annual Other Retirement Benefits not to exceed
60% of Participant’s Final Average Annual Pay.

          (d) A Participant’s benefits under this
Plan shall be expressed as an annual amount in the form of a straight life
annuity or, at the Committee’s election, another actuarially equivalent payment
option.

     3.2 Time of Commencement of Benefits. A Participant’s Annual Plan Benefit shall be
payable only upon Separation from Service, Disability, or Death as detailed in
this Article III. Annual Plan Benefits for any given Participant shall commence
on the earliest to occur of:

          (a) The later of:

               (i) Attainment of age 60;

               (ii) The first day of the seventh month
following the month in which the Participant’s Separation From Service
occurs;

          (b) Disability; or

          (c) Death.

     3.3
Amount of Benefit.

          (a) Normal Retirement
Benefit. Except in cases where Section 3.3(c)
applies with respect to certain Participants, the Company will pay a Participant
his Annual Plan Benefit if benefits commence under the Plan on or after the
Participant’s Normal Retirement Date. Payment of an Annual Plan Benefit shall
commence in accordance with Section 3.2 and end with: (A) in the case of a
single life annuity, the payment for the month in which the Participant’s death
occurs, (B) in the case of a joint and survivor annuity, the later of (1) the
payment for the month in which the death of the Participant occurs or (2) the
payment for the month in which the death of the Participant’s beneficiary occurs
or (C) in the case of a 10 year certain and life annuity, the later of (1) the
payment for the month in which the death of the Participant occurs or (2) the
one hundred and twentieth monthly payment. When paid in the form of a monthly
annuity, each payment shall be equal to one-twelfth of such Participant’s Annual
Plan Benefit, actuarially adjusted for the form of payment selected by the
Participant, as applicable.

          (b) Early Retirement Benefit.

               (i) The Company will pay a Participant his
Early Retirement Benefit if benefits commence under the Plan on or after the
Participant’s Early Retirement Date and prior to his Normal Retirement Date. Payment of an Early Retirement Benefit shall commence in
accordance with Section 3.2 and end with: (A) in the case of a single life
annuity, the payment for the month in which the Participant’s death occurs, (B)
in the case of a joint and survivor annuity, the later of (1) the payment for
the month in which the death of the Participant occurs or (2) the payment for
the month in which the death of the Participant’s beneficiary occurs or (C) in
the case of a 10 year certain and life annuity, the later of (1) the payment for
the month in which the death of the Participant occurs or (2) the one hundred
and twentieth monthly payment. When paid in the form of a monthly annuity, each
payment shall be equal to one-twelfth of such Participant’s Early Retirement
Benefit, actuarially adjusted for the form of payment selected by the
Participant, as applicable.

6

               (ii) A Grandfathered Participant’s Early
Retirement Benefit shall be in an amount equal to the Participant’s Annual Plan
Benefit, reduced at a rate of 5/12 of 1% per month for each full month by which
the date the Participant’s benefit commences precedes the Participant’s Normal
Retirement Date.

               (iii) If a Non-Grandfathered Participant’s
Early Retirement Benefit commences after the Participant’s 62nd Birthday but
prior to his Normal Retirement Date, his benefit shall be in an amount equal to
the Participant’s Annual Plan Benefit, reduced at a rate of 4/12 of 1% per month
for each full month by which the date the Participant’s benefit commences
precedes the his Normal Retirement Date. If the Non-Grandfathered Participant’s
Early Retirement Benefit commences before the Participant’s 62nd Birthday, his
benefit shall be reduced (x) at a rate of 5/12 of 1% per month for each full
month by which the date the Participant’s benefit commences precedes the
Participant’s 62nd Birthday, and (y) at a rate of 4/12 of 1% per month for each
full month by which the date the Participant’s 62nd Birthday precedes the
Participant’s Normal Retirement Date.

          (c) Late Retirement
Benefit. The Company will pay a Former
Participant his Late Retirement Benefit if benefits commence under the Plan on
or after the Former Participant’s Normal Retirement Date. Payment of a Late
Retirement Benefit shall commence in accordance with Section 3.2 and end with:
(A) in the case of a single life annuity, the payment for the month in which the
Participant’s death occurs, (B) in the case of a joint and survivor annuity, the
later of (1) the payment for the month in which the death of the Participant
occurs or (2) the payment for the month in which the death of the Participant’s
beneficiary occurs or (C) in the case of a 10 year certain and life annuity, the
later of (1) the payment for the month in which the death of the Participant
occurs or (2) the one hundred and twentieth monthly payment. When paid in the
form of a monthly annuity, each payment shall be equal to one-twelfth of such
Participant’s Late Retirement Benefit, actuarially adjusted for the form of
payment selected by the Participant, as applicable. This subsection 3.3(c) shall
only apply to Former Participants.

          (d) No Interest for Delayed
Payments. Payments to Participants which are
made or commence in accordance with Section 3.2(a)(ii) shall include a single
lump sum payment in respect of the period beginning on the Participant’s
Separation from Service and ending on the first day of
the seventh month following the month in which the Participant’s Separation From
Service occurs. Such single lump sum payment shall be made without
interest.

7

          (e) Date as of Which Benefits Are
Determined. Solely for purposes of (i)
determining whether a Participant shall receive an Early Retirement Benefit, a
Annual Plan Benefit or a Late Retirement Benefit and (ii) calculating the amount
of such Early Retirement Benefit, Annual Plan Benefit or Late Retirement
Benefit, as applicable, Section 3.2(a)(ii) shall be deemed to read, “the first
day of the first month following the month in which the Participant’s Separation
from Service occurs.” In a case in which a Participant has a Separation from
Service on the first day of a calendar month, for the purposes set forth in the
preceding sentence only, Section 3.2(a)(ii) shall be deemed to read, “the first
day of the calendar month in which the Participant’s Separation from Service
occurs.”

     3.4 Disability Retirement
Benefit. If a
Participant shall incur a Disability while employed by the Company, the Company
shall pay such Participant a monthly benefit starting on the first day of the
calendar month after the date his Disability begins and ending with the payment
for the calendar month in which his death occurs or his disability ends,
whichever occurs first. Such monthly benefit (which shall not be reduced by, and
shall not reduce, the benefits, if any, payable to a Participant under the
Company’s Long Term Disability Insurance Program) shall be calculated in the
same way as an Early Retirement Benefit under Section 3.3, based on his Final
Average Annual Pay when his Disability begins (which will, for purposes of this
Section 3.4 only, be determined over less than five full consecutive calendar
years to the extent that his Future Service period is less than five years),
except that (i) the Vested Percentage shall always be 100%, (ii) there shall not
be any actuarial reduction to reflect the commencement of the payment of
benefits before his Normal Retirement Date, and (iii) there shall not be any
Future Service period accrual during his Disability.

     3.5
Form of Benefit.

          (a) Annuity Forms. A Participant may elect payment of his benefit (other than a
Disability Retirement Benefit pursuant to Section 3.4) in one of the following
actuarially equivalent forms:

	Single Life Annuity; 
  
  
	25% Joint and Survivor Annuity;
 
  
	50% Joint and Survivor Annuity;
  
  
	75% Joint and Survivor Annuity;
  
  
	100% Joint and Survivor Annuity; or 
  
  
	10-Year Certain and Life Annuity 

Each form of benefit listed in this
subsection 3.5(a) shall be paid in a series of substantially equal periodic
payments, payable not less frequently than annually, for the life of the
Participant (and beneficiary, if applicable and dictated by the form of payment
selected, and for a period of time not less than that guaranteed by the form of
payment selected), starting as of the date as of which payments to such Participant under this Article III are to begin. Actuarial
equivalence under the Plan shall be determined by the Company in its sole and
absolute discretion.

8

          (b) Lump Sum Election Before
2009. An active Participant who has not had a
termination of employment and in respect of whom payment of benefits hereunder
have not commenced by December 31, 2008 may also make an irrevocable election
prior to January 1, 2009 to receive payment of either 25% or 50% of his accrued
benefit in a single lump sum.

          (c) Change to Form of
Payment. On and after January 1, 2009 an
active Participant who has not had a termination of employment and who has not
previously elected to receive a portion of his benefit in a single lump sum may
make an election to receive either 25% or 50% of his accrued benefit in a single
lump sum if all of the following conditions are met:

               (i) The lump sum election shall not take
effect until at least 12 months after the date on which it is made;

               (ii) The election must be made at least 12
months prior to the date on which the first annuity payment for the Participant
is otherwise scheduled to be made; and

               (iii) The election must delay the payment
for at least five years from the date the first annuity payment would otherwise
have been made.

          (d) Payment Elections for Newly
Eligible Participants. Within 30 days
following the date on which a Participant first becomes eligible to participate
in the Plan, the Participant shall elect whether to receive payment of his
entire accrued benefit (i) in the form of one of the annuities listed in Section
3.5(a) or (ii) a portion of his benefit in the form of an annuity and 25% or 50%
of his accrued benefit in a single lump sum. If no such election has been made
by the 30th day following the date on which the Participant first becomes
eligible to participate in the Plan, the Participants’ accrued benefit under the
Plan shall be paid in the form of an annuity listed in Section 3.5(a).

     3.6 No Duplication. In no event shall benefits become payable to any
Participant under more than one Section of this Article III.

ARTICLE IV

FORFEITURES

     4.1 Forfeiture for Competitive
Employment. A
Participant shall forever and irrevocably forfeit all benefits otherwise due to
him under the terms of the Plan if within 24 months after his employment
terminates (including if his employment with the Company is terminated on
account of his dishonesty or gross negligence) he violates the non-competition
provisions of any agreement he has entered into with the Company.

9

     4.2 Limitation. If all or any portion of Section 4.1 shall be finally
held by a court of competent jurisdiction to be unenforceable as a matter of
law, it shall be construed to apply to the greatest extent permitted by law so
as to give effect to its intended purposes. 

ARTICLE V

CONDITIONS RELATED TO BENEFITS

     5.1 Administration of Plan. The Committee shall administer the Plan and
shall have the sole and exclusive authority to interpret, construe and apply its
provisions. The Committee shall have the power to establish, adopt and revise
such rules and regulations as it may deem necessary or advisable for the
administration of the Plan and the operation of the Committee’s activities in
connection therewith. All decisions of the Committee shall be by vote or written
consent of the majority of its members and shall be final and binding. Members
of the Committee shall be eligible to participate in the Plan while serving as a
member of the Committee, but a member of the Committee shall not vote or act
upon any matter which relates solely to such member in his capacity as a
Participant. 

     5.2 Grantor Trust. The Committee may, at its discretion, have the Company
create a grantor trust (within the meaning of section 671 of the Code) to which
it may from time to time contribute amounts to accumulate an appropriate reserve
against its obligations hereunder. Notwithstanding the creation of such trust,
the benefits hereunder shall be a general obligation of the Company. Except to
the extent that the benefit amounts payable hereunder have been specifically
transferred for an identified Participant into the Pension Plan pursuant to the
terms and conditions of the Pension Plan and are payable thereunder, a
Participant shall have only a contractual right as a general creditor of the
Company to the amounts, if any, payable hereunder and such right shall not be
secured by any assets of the Company or the trust. 

     5.3 No Right to Company Assets. Except to the extent that benefit amounts
have been specifically transferred for an identified Participant into the
Pension Plan pursuant to the terms and conditions of the Pension Plan and are
payable thereunder, neither a Participant nor any 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 or assets which the Company may set aside in anticipation of
a liability hereunder, nor in any policy or policies of insurance on the life of
a Participant owned by the Company. 

     5.4 No Employment Rights. Nothing herein shall constitute a contract
of continuing employment or in any manner obligate the Company to continue the
service of a Participant, or obligate a Participant to continue in the service
of the Company, and nothing herein shall be construed as fixing or regulating
the compensation paid to a Participant. 

     5.5 Company’s Right to Terminate and
Amend. The Company
reserves the right in its sole discretion at any time to amend the Plan in any
respect or terminate the Plan. Notwithstanding the foregoing, no such amendment
or termination shall reduce the amount of the benefit theretofore vested by any
Participant or change the conditions required to be satisfied to receive payment
of such past accrued benefit based on the provisions of the Plan as theretofore
in effect. For this purpose, the amount of a Participant’s accrued benefit as of
the date of any amendment or termination shall be determined as if the
Participant was then retiring in accordance with Section 3.3 with his actual
Vested Percentage accrued as at such date; provided that
if the Company is terminating the Plan and if a Participant has not completed at
least 5 years of Future Service, Participant’s Vested Percentage shall be (i)
40% if he has completed 4 years of Future Service, (ii) 30% if he has completed
3 years of Future Service, (iii) 20% if he has completed 2 years of Future
Service, (iv) 10% if he has completed 1 year of Future Service, and (v) 0% if he
has not completed 1 year of Future Service. 

10

     5.6 Protective Provisions. The Participant shall cooperate with the
Company by furnishing any and all information requested by the Company in order
to facilitate the payment of benefits hereunder.

     5.7 Right of Offset. If at the time any payments are to be made hereunder a
Participant is indebted to the Company or otherwise subject to a monetary claim
by the Company, such payments may, at the Company’s discretion, be reduced by
setoff of up to $5,000 in any given taxable year of the Participant against the
amount of such indebtedness or claim.

     5.8 No Third Party Rights. Nothing in this Plan or any trust
established pursuant to Section 5.2 hereof shall be construed to create any
rights hereunder in favor of any person (other than the Company and any
Participant) or to limit the Company’s right to amend or terminate the Plan in
any manner subject to Section 5.5 hereof.

     5.9 Section 409A. Notwithstanding any provision of the Plan to the
contrary, it is intended that the provisions of this Plan shall comply with
Section 409A of the Code, and all provisions of this Plan shall be construed and
interpreted in a manner consistent with the requirements for avoiding taxes or
penalties under Section 409A of the Code. Each Participant is solely responsible
and liable for the satisfaction of all taxes and penalties that may be imposed
on or in respect of such Participant in connection with this Plan or any other
plan maintained by the Company (including any taxes and penalties under Section
409A of the Code), and neither the Company nor any subsidiary or affiliate shall
have any obligation to indemnify or otherwise hold such Participant (or any
beneficiary) harmless from any or all of such taxes or penalties.

ARTICLE VI

MISCELLANEOUS

     6.1 Nonassignability. No rights or payments to any Participant
shall be subject in any manner to anticipation, alienation, sale, transfer,
assignment, pledge, encumbrance or charge, whether voluntary or involuntary, and
no attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber
or charge the same shall be valid, nor shall any such benefit or payment be in
any way liable for or subject to the debts, contracts, liabilities, engagements
or torts of any Participant or subject to levy, garnishment, attachment,
execution or other legal or equitable process. No part of the amounts payable
shall, prior to actual payment, be subject to seizure or sequestration for the
payment of any debts, judgments, alimony or separate maintenance owed by a
Participant, nor be transferable by operation of law in the event of a
Participant’s bankruptcy or insolvency.

     6.2 Withholding. To the extent required by law the Company shall be
entitled to withhold from any payments due hereunder any federal, state and
local taxes required to be withheld in connection with such payment.

     6.3 Gender and Number. Wherever appropriate herein, the masculine
shall mean the feminine and the singular shall mean the plural or vice
versa.

11

     6.4 Notice. Any notice required or permitted to be made under the
Plan shall be sufficient if in writing and hand delivered, or sent by registered
or certified mail, to (a) in the case of notice to the Company or the Committee,
the principal office of the Company, directed to the attention of the Secretary
of the Committee, and (b) in the case of a Participant, such Participant’s home
or business address maintained in the Company’s personnel records. Such notice
shall be deemed given as of the date of delivery or, if delivery is made by
mail, as of the date shown on the postmark or on the receipt for registration or
certification.

     6.5 Validity. In the event any provision of this Plan is held
invalid, void or unenforceable, the same shall not affect, in any respect
whatsoever, the validity of any other provision of this Plan.

     6.6 Applicable Law. This Plan shall be governed and construed in
accordance with the laws of the State of New Jersey, without regard to such
state’s choice of law rules.

ARTICLE VII

SURVIVOR
BENEFITS

     7.1 Qualification and
General Election.

          (a) Qualification. In the event of the death of a Participant who is at least
35 years of age at the time of his death, who is vested in accordance with the
provisions of Paragraph 1.26, and who dies prior to commencing payment of his
vested benefit under the Plan, a surviving spouse benefit shall be payable under
Section 7.2.

          (b) Survivor Benefit Election Before
2009. An active Participant who (i) has not
had a termination of employment, (ii) is employed by the Company on or after
August 9, 2007, and (iii) in respect of whom payment of benefits under the Plan
have not commenced by December 31, 2008 may make an irrevocable election prior
to January 1, 2009 to waive the surviving spouse benefit provided under Section
7.2 and instead elect the survivor benefit provided under Section
7.3.

          (c) Survivor Benefit Election After
December 31, 2008. On and after January 1,
2009 an active Participant who (i) has not had a termination of employment and
(ii) has not previously elected to waive the surviving spouse benefit provided
under Section 7.2 in favor of the survivor benefit provided under Section 7.3,
may do so on or after January 1, 2009 if all of the following conditions are
met:

               (i) The survivor benefit election shall
not take effect until at least 12 months after the date on which it is
made;

               (ii) The election must be made at least 12
months prior to the date on which the first annuity payment for the Participant
is otherwise scheduled to be made; and

               (iii) The election must delay the payment
for at least five years from the date the first annuity payment would otherwise
have been made.

12

          (d) Survivor Benefit Elections for Newly Eligible Participants. Within 30 days following the date on
which a Participant first becomes eligible to participate in the Plan, the
Participant may make an irrevocable election to waive the surviving spouse
benefit provided under Section 7.2 and instead elect the survivor benefit
provided under Section 7.3. If no such election has been made by the 30th day
following the date on which the Participant first becomes eligible to
participate in the Plan and such Participant dies prior to commencing payment of
his vested benefit under the Plan, only a surviving spouse benefit shall be
payable under Section 7.2 in respect of the Participant’s vested Plan
benefit.

     The waiver and election provided
under this Section 7.1 must be made by the Participant in accordance with
procedures adopted by the Committee.

     7.2 Surviving Spouse Benefit. The surviving spouse of a deceased
Participant who otherwise meets the conditions set forth in Section 7.1 shall be
entitled to receive a surviving spouse benefit under the Plan determined as of
the date of the deceased Participant’s death. This surviving spouse benefit
shall be payable monthly as a straight life annuity benefit and shall be
calculated based on 50% of the Participant’s Annual Plan Benefit, actuarially
adjusted for the 50% joint and survivor annuity form of payment and further
reduced in accordance with Section 3.3(b) for payment prior to the Participant’s
Normal Retirement Date. Payment of the surviving spouse benefit shall commence
on the later of (i) the date the Participant would have attained age 60 had the
Participant survived until such age or (ii) the date of the Participant’s
death.

     7.3 Survivor Benefit. If elected pursuant to 7.1 herein, the
beneficiary of a deceased Participant who meets the conditions set forth in
Section 7.1 shall be entitled to receive a survivor benefit that is actuarially
equivalent to the surviving spouse benefit described in Section 7.2, determined
as of the date of the deceased Participant’s death. This survivor benefit shall
be payable in monthly installments for exactly 120 months and shall be
calculated based on 50% of the Participant’s Annual Plan Benefit, actuarially
adjusted for the guaranteed 120 month installment form of payment and further
reduced in accordance with Section 3.3(b) for payment prior to the Participant’s
Normal Retirement Date. Payment of the survivor benefit shall commence on the
later of (i) the date the participant would have attained age 60 had the
Participant survived until such age or (ii) the date of the Participant’s death.
For purposes of this Section 7.3, a Participant may designate his spouse,
children, domestic partner, or a trust for the benefit of the Participant’s
spouse, children, or domestic partner, whichever the case may be, as a
beneficiary entitled to receipt of the benefit provided hereunder.

13

Supplement
A

     1.1 In General

          (a) As of the Spin-off date, Participants transferring to
Broadridge Financial Solutions, Inc. (“Broadridge”) are no longer eligible to
participate in the Plan, except executive with employee identification number
100600 (“Executive”).

          (b) As of the Spin-off date, Executive’s accrued benefit under
the Plan shall be the Executive’s projected accrued benefit at the age of 65
based upon terms and factors agreed upon in Appendix A.

          (c) If Executive voluntarily terminates employment with
Broadridge prior to age 65, Executive’s accrued benefit will be re-calculated to
what Executive would have accrued from the Spin-off date to the last day
employed at Broadridge.

          (d) Executive will no longer be an eligible Participant of the
Plan if Executive becomes a participant in any supplemental officers retirement
plan sponsored by Broadridge, whose terms are substantially similar to the Plan
as of the Spin-off date. Such determination shall be made solely by the
Company.

     1.2 Distributions

          (a) Executive’s benefits shall commence on his 65th birthday,
whether or not Executive is still employed at Broadridge.

          (b)
Executive’s elections shall be irrevocable.

14

Appendix A to Supplement
A 

Agreed Upon Assumptions to Project
the Benefits to Age 65 

	1.	      	Projected base pay
      increase of 4% to age 65
	 
	2.		Target bonus percent
      increase of 4% to age 65
	 
	3.		Average of the high
      & low of the ADP stock price on the day of the spin projected at 8% to
      age 65
	  

15

Supplement
B 

    
Notwithstanding anything in this Plan to the contrary, each Participant
with an employee identification number listed below, shall receive a
distribution from this Plan commencing as of the first day of the month
following the attainment of age 65. 

    
Employee Identification Number 

    
(i)       103621 

    
(ii)      103594 

    
(iii)     103724

16

	Exhibit A
												 										
	  			  		  		  		  		Late Retirement Factors 		  		  		  		  		  
	  	    	 	   	 	   	 	   	 	   	 	   	 	Months 	 	   	 	   	 	   	 	   	 	   	 	   
	Years 		     	  0
	    
      	  1
	    	  2
	    
      	  3
	    
      	  4
	    
      	  5
	    
      	  6
	    
      	  7
	    
      	  8
	    
      	  9
	    
      	 10
	    
      	 11
  
	65 			1.0000 		1.0099 		1.0198 		1.0297 		1.0396 		1.0495 		1.0594 		1.0693 		1.0792 		1.0891 		1.0990 		1.1089 
	66 			1.1188
		1.1302
		1.1416
		1.1530
		1.1644
		1.1758
		1.1872
		1.1985
		1.2099
		1.2213
		1.2327
		1.2441
  
	67 			1.2555 		1.2687 		1.2818 		1.2950 		1.3081 		1.3213 		1.3344 		1.3476 		1.3607 		1.3739 		1.3870 		1.4002 
	68 			1.4133
		1.4286
		1.4438
		1.4591
		1.4744
		1.4896
		1.5049
		1.5202
		1.5354
		1.5507
		1.5660
		1.5812
  
	69 			1.5965 		1.6143 		1.6321 		1.6500 		1.6678 		1.6856 		1.7034 		1.7212 		1.7390 		1.7569 		1.7747 		1.7925 
	70 			1.8103
		1.8312
		1.8521
		1.8730
		1.8939
		1.9148
		1.9357
		1.9565
		1.9774
		1.9983
		2.0192
		2.0401
  
	71 			2.0610 		2.0856 		2.1103 		2.1349 		2.1595 		2.1841 		2.2088 		2.2334 		2.2580 		2.2826 		2.3073 		2.3319 
	72 			2.3565
		2.3857
		2.4149
		2.4441
		2.4733
		2.5025
		2.5317
		2.5608
		2.5900
		2.6192
		2.6484
		2.6776
  
	73 			2.7068 		2.7416 		2.7764 		2.8112 		2.8460 		2.8808 		2.9156 		2.9503 		2.9851 		3.0199 		3.0547 		3.0895 
	74 			3.1243
		3.1660
		3.2078
		3.2495
		3.2912
		3.3330
		3.3747
		3.4164
		3.4582
		3.4999
		3.5416
		3.5834
  
	75 			3.6251 		3.6755 		3.7259 		3.7763 		3.8267 		3.8771 		3.9275 		3.9779 		4.0283 		4.0787 		4.1291 		4.1795 
	76 			4.2299
		4.2912
		4.3525
		4.4139
		4.4752
		4.5365
		4.5978
		4.6591
		4.7204
		4.7818
		4.8431
		4.9044
  
	77 			4.9657 		5.0409 		5.1161 		5.1913 		5.2665 		5.3417 		5.4169 		5.4920 		5.5672 		5.6424 		5.7176 		5.7928 
	78 			5.8680
		5.9610
		6.0539
		6.1469
		6.2398
		6.3328
		6.4258
		6.5187
		6.6117
		6.7046
		6.7976
	 	6.8905
  
	79 			6.9835 		7.0994 	 	7.2152 		7.3311 		7.4470 	 	7.5628 		7.6787 		7.7946 		7.9104 		8.0263 		8.1422 		8.2580 
	80 			8.3739
		8.5138
		8.6537
		8.7936
		8.9335
		9.0734
		9.2132
		9.3531
		9.4930
		9.6329
		9.7728
		9.9127
  
	81 			10.05259 		10.2281 		10.4036 	 	10.5792 		10.7547 		10.9302 	 	11.1057 		11.2813 		11.4568 		11.6323 		11.8078 		11.9834 
	82 		 	12.15889
    		12.3810
    		12.6031
    		12.8253
    		13.0474
    		13.2695
    		13.4916
    		13.7137
    	 	13.9359
    		14.1580
    		14.3801
    		14.6022
    
	83 			14.82436 	 	15.1080 		15.3917 		15.6754 	 	15.9591 		16.2428 		16.5264 	 	16.8101 		17.0938 	 	17.3775 		17.6612 		17.9449 
	84 			18.22854
    		18.5944
    		18.9603
    		19.3262
    		19.6921
    		20.0579
    		20.4238
    		20.7897
    		21.1556
    		21.5215
    	 	21.8874
    		22.2532
    
	85 			22.61912 		23.0960 		23.5729 		24.0498 		24.5267 		25.0036 		25.4805 		25.9574 		26.4343 		26.9112 		27.3881 		27.8650 
	86 			28.34188
    		28.9706
    		29.5993
    		30.2281
    		30.8568
    		31.4855
    		32.1143
    		32.7430
    		33.3717
    		34.0004
    		34.6292
    		35.2579
    
	87 			35.88664 		  		  		  		  		  		  		  		  		  		  		 

17

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