Document:

Form of Change in Control Severance Agreement for executive officers

 Exhibit 10.7 
 SEVERANCE AGREEMENT 
 THIS AGREEMENT, dated
                             is made by and between Chiquita Brands International, Inc., a New
Jersey corporation (the “Company”), and
                                       
  (the “Executive”). 
 WHEREAS, the Company considers it essential to the best interests of its stockholders to foster the
continued employment of key management personnel; and 
 WHEREAS, the Board recognizes that, as is the case with many publicly held
corporations, the possibility of a Change in Control exists and that such possibility, and the uncertainty and questions which it may raise among management, may result in the departure or distraction of management personnel to the detriment of the
Company and its stockholders; and 
 WHEREAS, the Board has determined that appropriate steps should be taken to reinforce and encourage the
continued attention and dedication of members of the Company’s management, including the Executive, to their assigned duties without distraction in the face of potentially disturbing circumstances arising from the possibility of a Change in
Control; 
 NOW, THEREFORE, in consideration of the premises and the mutual covenants herein contained, the Company and the Executive hereby
agree as follows: 
 1. Defined Terms. The definitions of capitalized terms used in this Agreement are provided in the last Section
hereof. 
 2. Term of Agreement. The Term of this Agreement shall commence on the date hereof and shall continue in effect through the
third anniversary of the date hereof; provided, however, that if a Change in Control shall have occurred during the Term, the Term shall not expire before the second anniversary of such Change in Control. 
 3. The Company’s Covenants. 
 3.1
In order to induce the Executive to remain in the employ of the Company and in consideration of the Executive’s covenants set forth in Section 4 hereof, the Company agrees, under the conditions described herein, to pay the Executive the
Severance Payments and the other payments and benefits described herein. Except as provided in Section 9.1 hereof, no Severance 

 
Payments shall be payable under this Agreement unless there shall have been a termination of the Executive’s employment with the Company during the Term
and following a Change in Control described in Section 6.1 hereof. For purposes of this Agreement, a termination of employment will occur when the Executive has a separation from service (as defined in section 409A of the Code) with the
Company. 
 3.2 This Agreement shall not be construed as creating an express or implied contract of employment and, except as otherwise
agreed in writing between the Executive and the Company, the Executive shall not have any right to be retained in the employ of the Company. 
 3.3 If the Executive materially breaches any of the terms of this Agreement, the Company shall immediately be entitled, in its sole discretion, to terminate its obligations to the Executive under this Agreement. 
 3.4 If Executive is now, or at any time during the term of this Agreement becomes, employed by a subsidiary of the Company (including an indirect
subsidiary of the Company), (a) all references herein to his employment, or termination of employment, by or with the Company shall, except where the context otherwise indicates, be deemed to be references to his employment, or termination of
employment, by or with such subsidiary and (b) the Company shall have the right to cause such subsidiary to pay amounts and provide other benefits due to the Executive under this Agreement on the Company’s behalf, provided that nothing in
this clause (b) shall relieve the Company of its obligation to cause all such amounts to be paid and such benefits to be provided to the Executive when due. The transfer of the Executive to the employ of the Company or any subsidiary of the
Company shall not constitute a termination of his employment for purposes of this Agreement. For purposes of this Agreement, a subsidiary means any entity required to be aggregated with, and considered a single employer with, the Company under
sections 414(b) or 414(c) of the Code. 
 4. The Executive’s Covenants. 
 4.1 The Executive shall execute a release of claims against the Company substantially in the form set forth as Exhibit A hereto, at such time and in such
manner as may reasonably be requested by the Company, in connection with the Executive’s termination of employment under the terms of this Agreement and as a condition to any payment or other provision of benefits by the Company hereunder.

 4.2 Following termination of his employment with the Company, the Executive shall not use or disclose confidential information with
respect to the Company or any of its subsidiaries to any person not authorized by the Company to receive such 

 
information, and the Executive shall assist the Company, in such manner as may reasonably be requested by the Company, in any litigation in which the Company
or any of its subsidiaries is or may become involved. The Executive’s obligations under this Section 4.2 shall not be limited by the Term of this Agreement and shall continue in full force following the expiration of this Agreement.

 4.3 For a period extending until twenty-four (24) months after a termination of the Executive’s employment during the Term and
following a Change in Control, the Executive shall not directly or indirectly (a) solicit or attempt to solicit any employee to leave the employ of the Company; (b) engage or hold an interest in any company listed in Exhibit B hereto or
any subsidiary or affiliate of such business (the “Competing Businesses”), or directly or indirectly have any interest in, own, manage, operate, control, be connected with as a stockholder (other than as a stockholder of less than five
percent (5%)), joint venturer, officer, director, partner, employee or consultant, or otherwise engage or invest or participate in, any business conducted by a Competing Business; or (c) interfere with or disrupt any relationship, contractual
or otherwise, between the Company and its customers, suppliers, distributors or other similar parties or contact any customer for the purpose of influencing the directing or transferring of any business or patronage away from the Company.

 5. Compensation Other Than Severance Payments. 
 5.1 If the Executive’s employment shall be terminated for any reason during the Term and following a Change in Control, the Company shall pay the Executive’s full salary to the Executive through the Date of
Termination at the rate in effect immediately prior to the Date of Termination or, if higher, the rate in effect immediately prior to the Change in Control, together with all compensation and benefits (including without limitation, pay for accrued
but unused vacation) payable to the Executive through the Date of Termination under the terms of the Company’s compensation and benefit plans, programs or arrangements as in effect immediately prior to the Date of Termination. 
 5.2 If the Executive’s employment shall be terminated for any reason during the Term and following a Change in Control, the Company shall provide to
the Executive the Executive’s normal post-termination compensation and benefits (including but not limited to reasonable outplacement services and, if the Executive’s place of employment was outside the United States, all benefits under
the Company’s repatriation policy to which the Executive would be entitled if there were approval by all Company departments whose approval is required under such policy) as such compensation and benefits become due. Such post-termination
compensation and benefits shall be determined under, and paid in accordance with, the Company’s retirement, insurance and other compensation or 

 
benefit plans, programs, policies and arrangements as in effect immediately prior to the Date of Termination, except that such payments and benefits shall be
limited to the extent necessary to cause such payments and benefits to not be considered a deferral of compensation under Code section 409A as a result of satisfying the regulatory exemption for reimbursements and certain other separation payments
under a separation pay plan. 
 6. Severance Payments. 
 6.1 Subject to Section 6.2 hereof, if (1) a Change in Control occurs during the Term, and (2) the Executive’s employment is terminated (other than (A) by the Company for Cause, (B) by
reason of death or Disability, or (C) by the Executive without Good Reason) and the Date of Termination in connection therewith occurs within two (2) years after such Change in Control, then the Company shall pay the Executive the amounts,
and provide the Executive the benefits, hereinafter described in this Section 6.1 (“Severance Payments”), together with any payments that may be due under Section 6.2 hereof, in addition to any payments and benefits to which the
Executive is entitled under Section 5 hereof. 
 (A) In lieu of any further salary payments to the Executive for periods subsequent to
the Date of Termination and in lieu of any severance benefit otherwise payable by the Company or any of its subsidiaries to the Executive, the Company shall pay to the Executive a lump sum severance payment, in cash, equal to two (2.0) times
the sum of (i) the Executive’s base salary as in effect immediately prior to the Date of Termination or, if higher, in effect immediately prior to the Change in Control (the “Base Salary”), plus (ii) the target annual bonus
established for the Executive under the bonus plan maintained by the Company in respect of the fiscal year in which occurs the Date of Termination (or, if higher, in respect of the fiscal year in which occurs the Change in Control). If,
notwithstanding the foregoing provision that the lump sum severance is to be in lieu of any severance benefit otherwise payable, the Company or any of its subsidiaries is required by applicable law to pay such a benefit, the Company’s
obligation to pay such lump sum severance hereunder shall be offset and reduced by the amount of the benefit required to be paid by applicable law. The amounts payable under this Section 6.1(A) shall be reduced dollar-for-dollar for any salary
and other compensation payments made pursuant to Section 7.4 hereof. The amount payable under this Section 6.1(A) shall be paid during the period set forth in Section 6.3. 
 (B) For the 24-month period immediately following the Date of Termination, the Company shall arrange to provide the Executive and his dependents with
life, disability, accident and health insurance benefits substantially similar to those provided to 

 
the Executive and his dependents immediately prior to the Date of Termination (or, if more favorable to the Executive, those provided to the Executive and
his dependents immediately prior to the Change in Control), at no greater cost to the Executive on an after-tax basis than the cost to the Executive immediately prior to such date or occurrence. Notwithstanding the foregoing, if the group health
plan coverage of the Executive and his dependents pursuant to the preceding sentence is provided under a self-insured group health plan, then the Company shall arrange to provide such coverage for the period during which the Executive would be
entitled to COBRA continuation coverage if the Executive elected COBRA coverage and paid the applicable premium or, if ending sooner, the 24-month period immediately following the Date of Termination. Benefits otherwise receivable by the Executive
pursuant to this Section 6.1(B) shall cease if benefits of the same type are received by or made available to the Executive by a subsequent employer during the applicable period set forth above (and any such benefits received by or made
available to the Executive shall be reported to the Company by the Executive). If the Severance Payments shall be decreased pursuant to Section 6.2(B) hereof, and the Section 6.1(B) benefits which remain payable after the application of
Section 6.2 hereof are thereafter discontinued pursuant to the immediately preceding sentence, the Company shall, no later than five (5) business days following such discontinuation, pay to the Executive the least of (a) the amount of
the decrease made in the Severance Payments pursuant to Section 6.2 hereof, (b) the value of the discontinued Section 6.1(B) benefits, or (c) the maximum amount which can be paid to the Executive without being, or causing any
other payment to be, nondeductible by reason of Section 280G of the Code. The time period during which benefits are payable under this Section 6.1(B) shall be reduced by the period of time benefits are paid to Executive pursuant to
Section 7.4 hereof. 
 (C) Notwithstanding any provision of any incentive, stock, retirement, savings or other plan to the contrary, as
of the Date of Termination, (i) the Executive shall be fully vested in (1) all then outstanding options to acquire stock of the Company (or if such options have been assumed by, or replaced with options for shares of, a parent, surviving
or acquiring company, such assumed or replacement options), and all then outstanding restricted shares of stock of the Company (or the stock of any parent, surviving or acquiring company into which such restricted shares have been converted or for
which they have been exchanged) held by the Executive, (2) all accrued basic match and incremental match employer contributions under the Company’s Capital Appreciation Plan, and (3) to the extent permissible under the Code and the
Employee Retirement Income Security Act of 1974, as amended (“ERISA”), all amounts credited to his account under the Company’s 401(k) Savings and Investment Plan which are attributable to employer contributions; and (ii) all
stock options referred to in clause (i) above shall remain exercisable until the earlier of (x) the 1st anniversary of the Date of Termination or (y) the latest date upon which the stock option could have expired by its original terms

 
under any circumstances. To the extent that the full vesting of the Executive under clause (i)(3) of the preceding sentence would violate either ERISA or the
Code, the Company shall pay to the Executive during the period set forth in Section 6.3 a lump sum amount, in cash, equal to the amount which cannot become fully vested. 
 (D) The Company shall pay to the Executive a lump sum amount, in cash, equal to the Executive’s target annual bonus under the bonus plan maintained
by the Company in respect of the fiscal year in which occurs the Date of Termination (or, if higher, in respect of the fiscal year in which occurs the Change of Control) multiplied by a fraction, the numerator of which is the number of days in such
fiscal year through and including the Date of Termination, and the denominator of which is 365. The amount payable under this Section 6.1(D) shall be paid during the period set forth in Section 6.3. 
 6.2 (A) Except as otherwise provided in Section 6.2(B), if the Severance Payments together with any payment or benefit received or to be received by
the Executive in connection with a Change in Control or the termination of the Executive’s employment (whether pursuant to the terms of this Agreement or otherwise) (all such payments and benefits, excluding the Gross-Up Payment, being
hereinafter called “Total Payments”) will be subject (in whole or part) to the Excise Tax, then the Company shall pay to the Executive an additional amount (the “Gross-Up Payment”) such that the net amount retained by the
Executive, after deduction of any Excise Tax on the Total Payments and any federal, state and local income and employment taxes and Excise Tax upon the Gross-Up Payment, shall be equal to the Total Payments. For purposes of determining the amount of
the Gross-Up Payment, the Executive shall be deemed to pay federal income taxes at the highest marginal rate of federal income taxation in the calendar year in which the Gross-Up Payment is to be made and state and local income taxes at the highest
marginal rate of taxation in the state and localities of the Executive’s residence and employment, as applicable, on the Date of Termination, net of the maximum reduction in federal income tax which could be obtained from deduction of such
state and local taxes. 
 (B) If the Total Payments would (but for this Section 6.2(B)) be subject (in whole or part) to the Excise
Tax, but the aggregate value of the portion of the Total Payments which are considered “parachute payments” within the meaning of Section 280G(b)(2) of the Code is less than 330 percent of the Executive’s Base Amount, then
subsection (A) of this Section 6.2 shall not apply, no Gross-Up Payment shall be made to Executive and the cash Severance Payments shall be reduced (if necessary, to zero), and all other Severance Payments shall thereafter be reduced (if
necessary, to zero), to the extent necessary to cause the Total Payments not to be subject to the Excise Tax. 

 (C) For purposes of determining whether any of the Total Payments will be subject to the Excise Tax and
the amount of such Excise Tax, (i) all of the Total Payments shall be treated as “parachute payments” within the meaning of Section 280G(b)(2) of the Code, unless in the opinion of tax counsel (“Tax Counsel”) reasonably
acceptable to the Executive and selected by the Company, such other payments or benefits (in whole or in part) do not constitute parachute payments, including by reason of Section 280G(b)(4)(A) of the Code, (ii) all “excess parachute
payments” within the meaning of Section 280G(b)(l) of the Code shall be treated as subject to the Excise Tax unless, in the opinion of the Tax Counsel, such excess parachute payments (in whole or in part) represent reasonable compensation
for services actually rendered, within the meaning of Section 280G(b)(4)(B) of the Code, in excess of the Base Amount allocable to such reasonable compensation, or are otherwise not subject to the Excise Tax, and (iii) the value of any
noncash benefits or any deferred payment or benefit shall be determined by the Tax Counsel in accordance with the principles of Sections 280G(d)(3) and (4) of the Code. Prior to the payment date set forth in Section 6.3 hereof, the Company
shall provide the Executive with its calculation of the amounts referred to in this Section 6.2(C) and such supporting materials as are reasonably necessary for the Executive to evaluate the Company’s calculations. If the Executive
disputes the Company’s calculations (in whole or in part), the reasonable opinion of the Tax Counsel with respect to the matter in dispute shall prevail. 
 (D) (I) In the event that (1) amounts are paid to the Executive pursuant to Section 6.2(A), (2) there is a Final Determination that the Excise Tax is less than the amount taken into account hereunder in
calculating the Gross-Up Payment, and (3) after giving effect to such Final Determination, the Severance Payments are to be reduced pursuant to Section 6.2(B), the Executive shall repay to the Company, within five (5) business days
following the date of the Final Determination, the Gross-Up Payment and the amount of the reduction in the Severance Payments, plus interest on the amount of such repayments at 120 percent of the rate provided in Section 1274(b)(2)(B) of the
Code. 
 (II) In the event that (1) amounts are paid to the Executive pursuant to Section 6.2(A), (2) there is a Final
Determination that the Excise Tax is less than the amount taken into account hereunder in calculating the Gross-Up Payment, and (3) after giving effect to such Final Determination, the Severance Payments are not to be reduced pursuant to
Section 6.2(B), the Executive shall repay to the Company, within five (5) business days following the date of the Final Determination, the portion of the Gross-Up Payment attributable to such reduction (plus that portion of the Gross-Up
Payment attributable to the Excise Tax and federal, state and local income and employment taxes imposed on the Gross-Up Payment being repaid by the Executive), to the extent 

 
that such repayment results in a reduction in the Excise Tax and a dollar-for-dollar reduction in the Executive’s taxable income and wages for purposes
of federal, state and local income and employment taxes, plus interest on the amount of such repayment at 120 percent of the rate provided in Section 1274(b)(2)(B) of the Code. 
 (III) Except as otherwise provided in clause (IV) below, in the event there is a Final Determination that the Excise Tax exceeds the amount taken into
account hereunder in determining the Gross-Up Payment (including by reason of any payment the existence or amount of which cannot be determined at the time of the Gross-Up Payment), the Company shall pay to the Executive, within five
(5) business days following the date of the Final Determination, the sum of (1) a Gross-Up Payment in respect of such excess and in respect of any portion of the Excise Tax with respect to which the Company had not previously made a
Gross-Up Payment, including a Gross-Up Payment in respect of any Excise Tax attributable to amounts payable under clauses (2) and (3) of this paragraph (III) (plus any interest, penalties or additions payable by the Executive with respect
to such excess and such portion), (2) if Severance Payments were reduced pursuant to Section 6.2(B) but after giving effect to such Final Determination, the Severance Payments should not have been reduced pursuant to Section 6.2(B),
the amount by which the Severance Payments were reduced pursuant to Section 6.2(B), and (3) interest on such amounts at 120 percent of the rate provided in Section 1274(b)(2) of the Code. 
 (IV) In the event that (1) Severance Payments were reduced pursuant to Section 6.2(B) and (2) the aggregate value of Total Payments which
are considered “parachute payments” within the meaning of Section 280G(b)(2) of the Code is subsequently redetermined in a Final Determination, but such redetermined value still does not exceed 330 percent of the Executive’s Base
Amount, then, within five (5) business days following such Final Determination, (x) the Company shall pay to the Executive the amount (if any) by which the reduced Severance Payments (after taking the Final Determination into account)
exceeds the amount of the reduced Severance Payments actually paid to the Executive, plus interest on the amount of such repayment at 120 percent of the rate provided in Section 1274(b) of the Code, or (y) the Executive shall pay to the
Company the amount (if any) by which the reduced Severance Payments actually paid to the Executive exceeds the amount of the reduced Severance Payments (after taking the Final Determination into account), plus interest on the amount of such
repayment at 120 percent of the rate provided in Section 1274(b) of the Code. 

 6.3 The payments provided in subsection (A),
(B) and (D) (and to the extent applicable, subsection (C)) of Section 6.1 hereof and in Section 6.2 hereof shall be made not later than the fifteenth (15th) day following the Date of Termination, provided,
however, that if the amounts of such payments, and the potential limitation on such payments set forth in Section 6.2 hereof, cannot be finally determined on or before such day, the Company shall pay to the Executive on such day an
estimate, as determined in good faith by the Company or, in the case of payments under Section 6.2 hereof, in accordance with said Section 6.2, of the minimum amount of such payments to which the Executive is clearly entitled and shall pay
the remainder of such payments (together with interest on the unpaid remainder (or on all such payments to the extent the Company fails to make such payments when due) at 120 percent of the rate provided in Section 1274(b)(2)(B) of the Code) as
soon as the amount thereof can be determined but in no event later than the sixtieth (60th) day after the Date
of Termination. Notwithstanding the foregoing, if a payment to be made pursuant to the preceding sentence is the payment of deferred compensation subject to Code section 409A and the Executive is a specified employee (within the meaning of Code
section 409A(a)(2)(B)(i)) on the Date of Termination, such amount shall be paid on the first day of the seventh month following the Date of Termination. At the time that payments are made under this Agreement, the Company shall provide the Executive
with a written statement setting forth the manner in which such payments were calculated and the basis for such calculations including, without limitation, any opinions or other advice the Company has received from the Tax Counsel or other advisors
or consultants (and any such opinions or advice which are in writing shall be attached to the statement). 
 6.4 The Company also shall pay
to the Executive all reasonable legal fees and expenses incurred by the Executive in disputing in good faith any issue hereunder relating to the termination of the Executive’s employment, in seeking in good faith to obtain or enforce any
benefit or right provided by this Agreement or in connection with any tax audit or proceeding to the extent attributable to the application of Section 4999 of the Code to any payment or benefit provided hereunder. Such payments shall be made
within five (5) business days after delivery of the Executive’s written requests for payment accompanied with such evidence of fees and expenses incurred as the Company reasonably may require. 
 7. Termination Procedures and Compensation During Dispute. 
 7.1 Notice of Termination. Any purported termination of the Executive’s employment hereunder (other than by reason of death) shall be communicated by written Notice of Termination from one party hereto to
the other party hereto in accordance with Section 10 hereof. For purposes of this Agreement, a “Notice of Termination” shall mean a notice which shall indicate the specific 

 
termination provision in this Agreement relied upon and shall set forth in reasonable detail the facts and circumstances claimed to provide a basis for
termination of the Executive’s employment under the provision so indicated. Further, a Notice of Termination for Cause is required to include a copy of a resolution duly adopted by the affirmative vote of not less than three-quarters
(3/4) of the entire membership of the Board at a meeting of the Board which was called and held for the purpose of considering such termination (after reasonable notice to the Executive and an opportunity for the Executive, together with the
Executive’s counsel, to be heard before the Board) finding that, in the good faith opinion of the Board, the Executive was guilty of conduct set forth in clause (i), (ii) or (iii) of the definition of Cause herein, and specifying the
particulars thereof in detail. 
 7.2 Date of Termination. “Date of Termination,” with respect to any purported termination
of the Executive’s employment hereunder, including a termination described in the second sentence of Section 9.1 hereof, shall mean the date specified in the Notice of Termination (which, except in the case of a termination for Cause,
shall not be less than fifteen (15) days nor more than thirty (30) days, respectively, from the date such Notice of Termination is given). 
 7.3 Dispute Concerning Termination. If, prior to the Date of Termination (as determined without regard to this Section 7.3), the party receiving such Notice of Termination notifies the other party that a
dispute exists concerning the termination, the Date of Termination shall be extended until the earlier of (i) the date on which the Term ends or (ii) the date on which the dispute is finally resolved, either by mutual written agreement of
the parties or by a final judgment, order or decree of an arbitrator (which is not appealable or with respect to which the time for appeal therefrom has expired and no appeal has been perfected); provided, however, that the Date of
Termination shall be extended by a notice of dispute given by the Executive only if such notice is given in good faith and the Executive pursues the resolution of such dispute with reasonable diligence. 
 7.4 Compensation During Dispute. If a purported termination occurs following a Change in Control and during the Term and the Date of Termination
is extended in accordance with Section 7.3 hereof, the Company shall continue to pay the Executive the full compensation in effect when the notice giving rise to the dispute was given (including, but not limited to, salary) and continue the
Executive as a participant in all compensation, benefit and insurance plans in which the Executive was participating when the notice giving rise to the dispute was given, until the Date of Termination, as determined in accordance with
Section 7.3 hereof. Payments of compensation otherwise receivable pursuant to this Section 7.4 shall be reduced to the extent cash compensation is received by the Executive from a subsequent employer for services rendered during the period
described in this Section 7.4 (and any such 

 
compensation received by a subsequent employer shall be reported by the Executive to the Company), and benefits otherwise receivable pursuant to this
Section 7.4 shall also be reduced in the manner provided in the second sentence of Section 6.1(B) hereof. Pursuant to Sections 6.1(A) and (B), amounts paid under this Section 7.4 during the pendency of a dispute shall be offset
against and reduce other amounts due under such Sections. 
 8. No Mitigation. The Company agrees that, if the Executive’s
employment with the Company terminates during the Term, the Executive is not required to seek other employment or to attempt in any way to reduce any amounts payable to the Executive by the Company pursuant to Section 6 hereof or
Section 7.4 hereof. Further, the amount of any payment or benefit provided for in this Agreement (other than as expressly provided in Section 6.1(A), 6.1(B) or 7.4 hereof) shall not be reduced by any compensation earned by the Executive as
the result of employment by another employer, by retirement benefits, by offset against any amount claimed to be owed by the Executive to the Company, or otherwise. 
 9. Successors; Binding Agreement. 
 9.1 In addition to any obligations imposed by law upon any
successor to the Company, the Company will require any successor (whether direct or indirect, by purchase, merger, consolidation or otherwise) to all or substantially all of the business and/or assets of the Company to expressly assume and agree to
perform this Agreement in the same manner and to the same extent that the Company would be required to perform it if no such succession had taken place. Failure of the Company to obtain such assumption and agreement within 30 days after a written
demand therefor is delivered to the Board by the Executive shall be a breach of this Agreement and shall entitle the Executive to compensation from the Company in the same amount and on the same terms as the Executive would be entitled to hereunder
if the Executive were to terminate the Executive’s employment for Good Reason after a Change in Control, except that, for purposes of implementing the foregoing, the date on which any such succession becomes effective shall be deemed the Date
of Termination. 
 9.2 This Agreement shall inure to the benefit of and be enforceable by the Executive’s personal or legal
representatives, executors, administrators, successors, heirs, distributees, devisees and legatees. If the Executive shall die while any amount would still be payable to the Executive hereunder (other than amounts which, by their terms, terminate
upon the death of the Executive) if the Executive had continued to live, all such amounts, unless otherwise provided herein, shall be paid in accordance with the terms of this Agreement to the executors, personal representatives or administrators of
the Executive’s estate. 

 10. Notices. For the purpose of this Agreement, notices and all other communications provided for
in the Agreement shall be in writing and shall be deemed to have been duly given if (a) mailed by registered mail, return receipt requested, postage prepaid, (b) transmitted by hand delivery, (c) sent by next-day or overnight delivery
through Federal Express, UPS or another similar nationally recognized delivery service, (d) sent by facsimile or telecopy (provided a copy is contemporaneously mailed by first class mail), addressed in each case if to the Executive, to the
address inserted below the Executive’s signature on the final page hereof and, if to the Company, to the address set forth below, or to such other address as either party may have furnished to the other in writing in accordance herewith, except
that notice of change of address shall be effective only upon actual receipt: 
 To the Company: 
 Chiquita Brands International, Inc. 
 250 East
Fifth Street 
 Cincinnati, Ohio 45202 
 Attention: Corporate Secretary 
 All such notices shall be deemed to have been received (w) if by certified or registered mail, on the seventh
business day after the mailing thereof, (x) if by personal delivery, on the business day after such delivery, (y) if by next-day or overnight delivery, on the business day after such delivery and (z) if by facsimile or telecopy, on
the business day following the sending of such facsimile or telecopy. 
 11. Miscellaneous. No provision of this Agreement may be
modified, waived or discharged unless such waiver, modification or discharge is agreed to in writing and signed by the Executive and such officer as may be specifically designated by the Board. No waiver by either party hereto at any time of any
breach by the other party hereto of, or of any lack of compliance with, any condition or provision of this Agreement to be performed by such other party shall be deemed a waiver of similar or dissimilar provisions or conditions at the same or at any
prior or subsequent time. This Agreement supersedes any other agreements or representations, oral or otherwise, express or implied, with respect to the subject matter hereof which have been made by either party; provided, however, that this
Agreement shall supersede any agreement setting forth the terms and conditions of the Executive’s employment with the Company only in the event that the Executive’s employment with the Company is terminated on or following a Change in
Control, by the Company other than for Cause or by the Executive for Good Reason. The validity, interpretation, 

 
construction and performance of this Agreement shall be governed by the laws of the State of Ohio. All references to sections of the Exchange Act or the Code
shall be deemed also to refer to any successor provisions to such sections. Any payments provided for hereunder shall be paid net of any applicable withholding required under federal, state or local law and any additional withholding to which the
Executive has agreed. The obligations of the Company and the Executive under this Agreement which by their nature may require either partial or total performance after the expiration of the Term (including, without limitation, those under Sections 6
and 7 hereof) shall survive such expiration. All pronouns shall be deemed to refer to the masculine, feminine, neuter, singular or plural as the identity of the person or persons referred to may require. This Agreement is intended to avoid the
imposition of any additional tax or income recognition prior to actual payment to the Executive under Code section 409A. This Agreement shall be interpreted, operated and administered by the Company in a manner consistent with this intention. The
Company acknowledges that a breach by the Company of certain of its payment obligations under this Agreement would result in additional tax (including interest and penalties with respect thereto) being imposed on the Executive under Code section
409A in connection with any certain payments by the Company to the Executive pursuant to this Agreement and, accordingly, that the Company would become liable to the Executive in damages for an amount including compensation for any such additional
tax imposed as a result of the breach. 
 12. Validity. The invalidity or unenforceability of any provision of this Agreement shall
not affect the validity or enforceability of any other provision of this Agreement, which shall remain in full force and effect. 
 13.
Counterparts. This Agreement may be executed in several counterparts, each of which shall be deemed to be an original but all of which together will constitute one and the same instrument. 
 14. Settlement of Disputes; Arbitration. 
 14.1 All claims by the Executive for benefits under this Agreement shall be directed to and determined by the Employee Benefits Committee of the Company and shall be in writing. Any denial by the Employee Benefits Committee of a claim for
benefits under this Agreement shall be delivered to the Executive in writing and shall set forth the specific reasons for the denial and the specific provisions of this Agreement relied upon. The Employee Benefits Committee shall afford a reasonable
opportunity to the Executive for a review of the decision denying a claim and shall further allow the Executive to appeal to the Compensation Committee of the Board a decision of the Employee Benefits Committee within sixty (60) days after
notification by the Employee Benefits Committee that the Executive’s claim has been denied. 

 14.2 Except as provided in Section 14.3, any further dispute or controversy arising under or in
connection with this Agreement shall be settled exclusively by arbitration in Cincinnati, Ohio, in accordance with the rules of the American Arbitration Association then in effect. Judgment may be entered on the arbitrator’s award in any court
having jurisdiction. Notwithstanding any provision of this Agreement to the contrary, the Executive shall be entitled to seek specific performance of the Executive’s right to be paid until the Date of Termination during the pendency of any
dispute or controversy arising under or in connection with this Agreement. 
 14.3 Notwithstanding anything herein to the contrary, the
Executive agrees that it would be difficult to measure any damages caused to the Company that might result from any breach by the Executive of the provisions of Sections 4.2 or 4.3 hereof, and that in any event money damages would be an inadequate
remedy for any such breach. Accordingly, the Executive agrees that in the case of breach, or proposed breach, of such provisions, the Company shall be entitled, in addition to all other remedies that it may have, to seek an injunction or other
appropriate equitable relief to restrain any such breach without showing or proving any actual damage to the Company. 
 15.
Definitions. For purposes of this Agreement, the following terms shall have the meanings indicated below: 
 (A) “Affiliate”
shall have the meaning set forth in Rule 12b-2 promulgated under Section 12 of the Exchange Act. 
 (B) “Base Amount” shall
have the meaning set forth in Section 280G(b)(3) of the Code. 
 (C) “Beneficial Owner” shall have the meaning set forth in
Rule 13d-3 under the Exchange Act. 
 (D) “Board” shall mean the Board of Directors of the Company. 
 (E) “Cause” for termination by the Company of the Executive’s employment shall mean (i) the willful and continued failure by the
Executive to substantially perform the Executive’s duties with the Company (other than any such failure resulting from the Executive’s incapacity due to physical or mental illness or any such actual or anticipated failure after the
issuance of a Notice of Termination for Good Reason by the Executive pursuant to Section 7.1 hereof) that has not been cured within 30 days after a written demand for substantial performance is delivered to the Executive by the Board, which
demand specifically identifies 

 
the manner in which the Board believes that the Executive has not substantially performed the Executive’s duties, (ii) the willful engaging by the
Executive in conduct which is demonstrably and materially injurious to the Company or its subsidiaries, monetarily or otherwise, or (iii) the refusal of the Executive to cooperate with any legal proceeding or investigation, if requested to do
so by the Company. For purposes of clauses (i) and (ii) of this definition, no act, or failure to act, on the Executive’s part shall be deemed “willful” unless done, or omitted to be done, by the Executive not in good faith
and without reasonable belief that the Executive’s act, or failure to act, was in the best interest of the Company. 
 (F) A
“Change in Control” shall have the meaning set forth in the Company’s Stock and Incentive Plan, as in effect on the date hereof. 
 (G) “Code” shall mean the Internal Revenue Code of 1986, as amended from time to time. 
 (H) “Company” shall
mean Chiquita Brands International, Inc., and, except in determining under Section 15(F) hereof whether or not any Change in Control of the Company has occurred, shall include any successor to its business and/or assets which assumes and agrees
to perform this Agreement by operation of law, or otherwise. 
 (I) “Date of Termination” shall have the meaning set forth in
Section 7.2 hereof. 
 (J) “Disability” shall be deemed the reason for the termination by the Company of the Executive’s
employment, if, as a result of the Executive’s incapacity due to physical or mental illness, the Executive shall have been absent from the full-time performance of the Executive’s duties with the Company for a period of six
(6) consecutive months, the Company shall have given the Executive a Notice of Termination for Disability, and, within thirty (30) days after such Notice of Termination is given, the Executive shall not have returned to the full-time
performance of the Executive’s duties. 
 (K) “Exchange Act” shall mean the Securities Exchange Act of 1934, as amended from
time to time. 
 (L) “Excise Tax” shall mean the excise tax imposed under Section 4999 of the Code. 

 (M) “Executive” shall mean the individual named in the first paragraph of this Agreement.

 (N) “Final Determination” means an audit adjustment by the Internal Revenue Service that is either (i) agreed to by both
the Executive (or his estate) and the Company (such agreement by the Company to be not unreasonably withheld) or (ii) sustained by a court of competent jurisdiction in a decision with which the Executive and the Company concur (such concurrence
by the Company to be not unreasonably withheld) or with respect to which the period within which an appeal may be filed has lapsed without a notice of appeal being filed or there is no further right of appeal. 
 (O) “Good Reason” for termination by the Executive of the Executive’s employment shall mean the occurrence (without the Executive’s
express written consent) after any Change in Control described in Section 6.1 hereof, of any one of the following acts by the Company, or failures by the Company to act, provided such act (or failure to act) is not cured within 30 days after
receipt of written notice from Executive: 
 (I) the assignment to the Executive of any duties inconsistent with the Executive’s status
as an executive officer of the Company (provided that Good Reason shall not be deemed to have occurred merely by reason of the Company becoming a subsidiary of another company) or a substantial adverse alteration in the nature or status of the
Executive’s responsibilities from those in effect immediately prior to such Change in Control; 
 (II) a reduction by the Company in
the Executive’s annual base salary or target annual bonus opportunity as in effect immediately prior to such Change in Control or as the same may thereafter be increased from time to time, or a failure to provide the Executive with
participation in any stock option or other equity-based plan in which other employees of the Company (and any parent, surviving or acquiring company) participate on a basis that does not unreasonably discriminate against the Executive as compared to
such other employees who have similar levels of responsibility and compensation; 
 (III) the relocation of the Executive’s principal
place of employment to a location more than 50 miles from the Executive’s principal place of employment immediately prior to such Change in Control, except for required travel on the Company’s business to an extent substantially consistent
with the Executive’s business travel obligations immediately prior to such Change in Control; or 

 (IV) any material breach by the Company of its obligations under this Agreement; 
 provided, however, that, the Notice of Termination in connection with the foregoing acts or failure to act must be communicated by the Executive to the Company within 90
days of the Executive becoming aware of such act or failure to act. 
 The Executive’s right to terminate the Executive’s
employment for Good Reason shall not be affected by the Executive’s incapacity due to physical or mental illness. Except as provided above, the Executive’s continued employment shall not constitute consent to, or a waiver of rights with
respect to, any act or failure to act constituting Good Reason hereunder. 
 (P) “Gross-Up Payment” shall have the meaning set
forth in Section 6.2 hereof. 
 (Q) “Notice of Termination” shall have the meaning set forth in Section 7.1 hereof.

 (R) “Person” shall have the meaning given in Section 3(a)(9) of the Exchange Act, as modified and used in Sections 13(d)
and 14(d) thereof, except that such term shall not include (i) the Company or any of its subsidiaries, (ii) a trustee or other fiduciary holding securities under an employee benefit plan of the Company or any of its Affiliates,
(iii) an underwriter temporarily holding securities pursuant to an offering of such securities, or (iv) a corporation owned, directly or indirectly, by the stockholders of the Company in substantially the same proportions as their
ownership of stock of the Company. 
 (S) “Severance Payments” shall have the meaning set forth in Section 6.1 hereof.

 (T) “Tax Counsel” shall have the meaning set forth in Section 6.2 hereof. 
 (U) “Term” shall mean the period of time described in Section 2 hereof (including any extension described therein). 
 (V) “Total Payments” shall mean those payments so described in Section 6.2 hereof. 

 IN WITNESS WHEREOF, the parties have executed this Agreement as of the date first above written.

  

			
	CHIQUITA BRANDS INTERNATIONAL, INC.
		
	By:	 	 
	Name:	 	Fernando Aguirre
	Title:	 	Chairman of the Board, President and Chief Executive Officer

			
		
	EXECUTIVE:	 	 
	Title:	 	 
	Address:Fortune Brands, Inc. Supplemental Plan.

 Exhibit 10.1 
 FORTUNE BRANDS, INC. SUPPLEMENTAL PLAN 
 (as Amended and Restated Effective January 1, 2008)

 Section 1. Purpose 
 The Fortune
Brands, Inc. Supplemental Plan (the “Plan”) is maintained to induce employees of outstanding ability to join or continue in the employ of the Company and to increase their efforts for its welfare by providing them with supplemental
benefits that cannot be provided by the Company’s tax-qualified defined benefit and defined contribution plans as a result of Internal Revenue Code limitations. The Plan is hereby amended and restated as set forth herein, effective
January 1, 2008. 
 The provisions of the Plan as set forth herein shall apply to eligible employees in the employ of the Company on and
after January 1, 2008, and Section 409A of the Code shall apply to all Plan benefits payable to or on behalf of such employees, including benefits earned and vested prior to January 1, 2005. The rights of an employee who terminated
employment with the Company and all Related Companies before 2008 shall be determined under the terms of the Plan as in effect on the date of the employee’s termination of employment; provided that, benefits that may be become payable to or on
behalf of such an employee who terminated employment with the Company on or after January 1, 2005 shall be provided in a manner that is consistent with Section 409A of the Code and applicable Plan provisions set forth herein. 

Section 2. Definitions 
 As used in this Plan,
the following words shall have the following meanings: 
  

	 	(a)	“Actuarial Equivalent” or “Actuarially Equivalent” shall be determined using the “applicable interest rate” and the “applicable mortality
table” specified in this Section 2(a). The “applicable mortality table” shall be the mortality table prescribed in Revenue Ruling 2001-62. The “applicable interest rate” for any month shall be the annual interest rate
on 30-year Treasury securities as specified by the Commissioner of Internal Revenue for that month in Revenue Rulings, Notices or other guidance published in the Internal Revenue Bulletin. The “applicable interest rate” shall be determined
only once with respect to each Plan Year with respect to which a distribution is to be made, using the rate for the month of August preceding the Plan Year. 

	 	(b)	“Affiliated Plan” means a tax-qualified defined benefit pension plan by which an employee of the Company had been covered during employment with a Related Company.

  

	 	(c)	“Allocation” means the Company’s profit-sharing contribution allocated to the account of a Profit-Sharing Plan member under the Profit-Sharing Plan for a Plan Year.

  

	 	(d)	“Code” means the Internal Revenue Code of 1986, as amended. 

  

	 	(e)	“Compensation” means all earnings of the employee in any Plan Year for Vesting Service, including overtime, holiday and vacation pay, amounts paid for periods of approved
absence, back pay which has been either awarded or agreed to by the Company, performance awards in lieu of a merit increase, any amount which is deferred by the Company at the election of the employee and which is not includible in the gross income
of the employee pursuant to Sections 125 (including “deemed Section 125 compensation” as defined in Revenue Ruling 2002-27), 132(f) or 402(g)(3) of the Code, and all compensation under the Annual Executive Incentive Compensation Plan
and the Fortune Brands Incentive Plan paid during such Plan Year, but excluding (i) Workers’ Compensation payments, (ii) amounts paid by the Company for insurance, retirement or other benefits and all other bonuses, (iii) any
compensation (including bonuses and vacation pay) paid following the month in which an employee incurs a severance from service, and (iv) Company profit-sharing or matching contributions to or allocations under any defined contribution plan and
benefits under this Plan and other benefits, including the special payments relating to the 2002 redesign of the Retirement Plan or amounts paid to employees in cash to compensate for reductions pursuant to Section 5.6 of the Profit-Sharing
Plan. Amounts paid as back pay awarded or agreed to by the Company shall be included in Compensation for the year or years to which the award or agreement pertains rather than for the period in which the award or agreement is made.

  

	 	(f)	“Committee” means the Corporate Employee Benefits Committee of the Company. 

  

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	 	(g)	“Company” means Fortune Brands, Inc., a Delaware corporation, its successors and assigns. 

  

	 	(h)	“Disability” means a condition such that the employee, by reason of any medically determinable physical or mental impairment that can be expected to result in death or can
be expected to last for a continuous period of at least 12 months, is receiving long-term disability benefits for a period of at least three months under a Company-sponsored long-term disability plan. 

  

	 	(i)	“ERISA” means the Employee Retirement Income Security Act of 1974, as amended. 

  

	 	(j)	“Executive Participant” means an employee of the Company who is within the category of a select group of management or highly compensated employees as referred to in
Sections 201(a)(2), 301(a)(3) and 401(a)(1) of ERISA and who, during the current Plan Year or a prior Plan Year, is in salary grade 9 or higher. 

  

	 	(k)	“Final Average Compensation” means the average annual Compensation of an employee during the five consecutive calendar years in his Vesting Service which affords the
highest such aggregate, or if an employee has less than five consecutive calendar years of Vesting Service, Final Average Compensation means the average of the 60 highest months of Compensation during an employee’s Vesting Service (or the
number of months of Vesting Service if less than 60). 

  

	 	(l)	“415 Limitations” means the Retirement Plan and Profit-Sharing Plan provisions adopted pursuant to Section 415 of the Code to limit (i) annual Retirement Plan
benefits pursuant to Section 415(b) thereof, and (ii) annual additions to the Profit-Sharing Plan pursuant to Section 415(c) thereof. 

  

	 	(m)	“401(a)(17) Limitations” means the Retirement Plan and Profit-Sharing Plan provisions adopted pursuant to Section 401(a)(17) of the Code to limit the annual
compensation considered for purposes of computing Retirement Plan benefits and Profit-Sharing Plan contributions as required by said Section. 

  

	 	(n)	“Grantor Trust” means a trust for the benefit of an Executive Participant established pursuant to Section 7 to provide for the payment of benefits under this Plan and
which is intended to result in income to the Executive Participant subject to tax for the period during which the contributions are made. 

  

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	 	(o)	“Highly Compensated Employee” means an employee or former employee of the Company who comes within the definition of a highly compensated employee set forth in
Section 414(q) of the Code (or any successor provision) for any Plan Year. 

  

	 	(p)	“Normal Retirement Date” means the first day of the calendar month following the month in which the individual’s 65th birthday occurs, provided that, if the
individual’s 65th birthday is the first day of a month, that day shall be the “Normal Retirement Date” and, provided further, if the individual commences employment with the Company or a Related Company after age 60, “Normal
Retirement Date” means the first day of the calendar month coincident with or next following the date the individual completes five years of Vesting Service. 

  

	 	(q)	“Plan Year” means the calendar year. 

  

	 	(r)	“Prior Company” means American Brands, Inc., a New Jersey corporation organized under an Agreement of Consolidation in 1904. 

  

	 	(s)	“Profit-Sharing Plan” means the Fortune Brands Retirement Savings Plan, as amended from time to time. 

  

	 	(t)	“Related Company” means any corporation or other business entity which is included in a controlled group of corporations within which the Company is also included, as
provided in Section 414(b) of the Code (as modified by Section 415(h) of the Code), or which is a trade or business under common control with the Company, as provided in Section 414(c) of the Code (as modified by Section 415(h)
of the Code), or which constitutes a member of an affiliated service group within which the Company is also included, as provided in Section 414(m) of the Code), or which is required to be aggregated with the Company pursuant to regulations
issued under Section 414(o) of the Code. 

  

	 	(u)	“Retirement Plan” means the Fortune Brands Pension Plan, as amended from time to time. 

  

	 	(v)	“Section 409A” means Section 409A of the Code and applicable regulations and other guidance issued thereunder. 

  

 - 4 - 

	 	(w)	“Segregated Account” means an account established with a bank or other financial institution approved by the Company, or other form of segregated account approved by the
Company, established pursuant to Section 7 by or for the benefit of an Executive Participant to provide for the payment of benefits under this Plan. 

  

	 	(x)	“Separation from Service” means the employee’s termination of employment with the Company by reason of resignation, discharge, or retirement. Separation from Service
for purposes of the Plan shall be interpreted consistent with the requirements of Section 409A of the Code. For purposes of determining whether a Separation from Service has occurred, an individual’s employment relationship with the
Company will be treated as continuing intact while the individual is on military leave, sick leave, or other bona fide leave of absence if the period of the leave does not exceed six months or, if longer, so long as the individual retains the right
to reemployment with the Company under an applicable statute or contract. 

  

	 	(y)	“Service” means employment by the Company or the Prior Company. 

  

	 	(z)	“Specified Employee” means an Employee described in Code Section 409A. When identifying Specified Employees, compensation shall be determined using the rules set
forth in Treasury regulations section 1.415(c)-2(a), except that the Company shall apply the rules of Treasury regulations section 1.415(c)-2(g)(5)(ii) to disregard the compensation of nonresident aliens who do not participate in the Plan.

  

	 	(aa)	“Surviving Spouse” means the surviving husband or wife of an employee of the Company who has been married to the employee throughout the one-year period ending on the date
of the death of such employee. 

  

	 	(bb)	“Vesting Service” means service as an employee with the Company or any Related Company determined in accordance with the provisions of the Retirement Plan.

 Section 3. Supplemental Retirement Benefits 
  

	 	(a)	 Each person who was at any time a Highly Compensated Employee and to whom benefits are payable under the Retirement Plan shall be paid a supplemental annual
retirement benefit under this Plan equal in amount to the difference between (i) the benefit payable under the 

  

 - 5 - 

	 	 
Retirement Plan and the Affiliated Plans and (ii) the benefit that would be payable if the 401(a)(17) Limitations and the 415 Limitations were not
contained therein; provided, however, that for purposes of computing the amount of benefit under this Plan, Vesting Service in excess of 35 years shall be disregarded. In the event the supplemental retirement benefit commences prior to Normal
Retirement Date or is payable in a form other than an annuity for the life of the former employee only, the supplemental retirement benefit shall be adjusted using the same factors as under the Retirement Plan. 

  

	 	(b)	Each Executive Participant who held the office of Vice President of the Company or any office senior thereto on April 27, 1999, or any Executive Participant who is thereafter
elected to the office of Vice President of the Company or any office senior thereto, and is designated by the Compensation and Stock Option Committee of the Company to receive the benefit set forth in this Section 3(b), shall retire hereunder
at the date of his termination of employment and be paid a supplemental annual retirement benefit under this Plan equal to 52-1/2% of the Executive Participant’s Final Average Compensation reduced, for an Executive Participant who retires prior
to Normal Retirement Date with less than 35 years of Vesting Service, by 1-1/2% of Final Average Compensation for each full year (with a prorated reduction for each partial year) that the Executive Participant’s retirement date precedes Normal
Retirement Date. Each Executive Participant’s benefit under this Section 3(b) shall be further reduced by: 

  

	 	(i)	1/2% of the Executive Participant’s Final Average Compensation for each full year (with a prorated reduction for each partial year) of the Executive Participant’s Vesting
Service beginning on and after January 1, 2008; and 

  

	 	(ii)	Benefits payable under the Retirement Plan, the Affiliated Plans and the defined benefit pension plans of any other prior employer, and supplemental retirement benefits payable
under Sections 3(a) and (c). 

  

	 	(c)	Each Executive Participant who was in salary grade 9 or higher on December 31, 2001 and commenced Vesting Service prior to April 27, 1999 shall be paid a supplemental
annual retirement benefit under this Plan equal in amount to the difference between: 

  

	 	(i)	the benefit payable under the Retirement Plan, any Affiliated Plan and any other provisions of this Plan; and 

  

 - 6 - 

	 	(ii)	the greater of the following benefits: 

  

	 	(A)	The sum of (I) the benefit that would have been payable under the Retirement Plan provisions as in effect immediately prior to January 1, 2002 if the Executive Participant
had accrued a benefit thereunder for his period of Benefit Service through December 31, 2007; and (II) the benefit that would have been payable under the Retirement Plan provisions as in effect on January 1, 2008 for his period of Benefit
Service beginning on January 1, 2008; provided that, for purposes of calculating benefits under clauses (I) and (II) of this subparagraph (A), Final Average Compensation shall be determined as of the Executive Participant’s retirement
or other termination of employment, taking into account Compensation earned during his entire period of Benefit Service. The Executive Participant’s benefit under this paragraph (A) shall be adjusted using the assumptions set forth in the
Retirement Plan as in effect immediately prior to January 1, 2002 for commencement of payments at a time other than Normal Retirement Date or in a form other than an annuity for the life of the Executive Participant only (except for the
commencement of deferred retirement benefits which shall be based as the assumptions set forth in the Retirement Plan). 

  

	 	(B)	 The sum of (I) the benefit that would have been payable under the Retirement Plan provisions as in effect immediately prior to January 1, 2008 if the
Executive Participant had accrued a benefit thereunder for his period of Benefit Service through December 31, 2007; and (II) the benefit that would have payable under the Retirement Plan provisions as in effect on January 1, 2008 for his
period of Benefit Service beginning on January 1, 2008; provided that, for purposes of calculating benefits under clauses (I) and (II) of this subparagraph (B), Final Average Compensation shall be determined as of the Executive
Participant’s 

  

 - 7 - 

	 	 
retirement or other termination of employment, taking into account Compensation earned during his entire period of Benefit Service. The Executive
Participant’s benefit under this paragraph (B) shall be adjusted, using the assumptions set forth in the Retirement Plan as in effect on January 1, 2008, for commencement of payments at a time other than Normal Retirement Date or in a
form other than an annuity for the life of the Executive Participant only. 

 For purposes of calculating the benefits under
this Section 3(c), the Executive Participant’s Benefit Service in excess of 35 years shall be disregarded, and the benefit shall not be limited by the 401(a)(17) Limitations and the 415 Limitations. The benefits provided by this
Section 3(c) shall be forfeitable if the Participant’s Retirement Plan benefit is forfeitable. 
  

	 	(d)	Except as provided in Section 7, the supplemental retirement benefits provided by this Plan shall be paid to the Highly Compensated Employee beginning on the first day of the
month following the Highly Compensated Employee’s Separation from Service or 55th birthday, if later, and shall be paid on the first day of each month thereafter, in accordance with the form of payment elected pursuant to Section 3(e). In
the case of a Specified Employee, however, no payments may be made before the end of the six-month period following the Specified Employee’s Separation from Service, except in the event of the Specified Employee’s death before the end of
such period. On the first date on which benefit payments may be made to a Specified Employee under this Section 3(d), the Specified Employee shall receive payment of all annuity amounts due from his retirement date, with interest calculated
using the applicable interest rate described in Section 2(a), except that such rate shall be equal to the rate specified by the Commissioner of Internal Revenue for the month in which the Specified Employee’s retirement date occurs.

  

	 	(e)	Subject to Section 3(h) and except as provided in Section 7, the Highly Compensated Employee may elect to receive payment of supplemental retirement benefits provided
under the Plan in any one of the annuity forms available under the Retirement Plan; provided that, such election shall be made prior to commencement of Plan benefits in accordance with such procedures as may be established by the Committee.
Supplemental retirement benefits payable in an optional form shall be adjusted using the factors specified in the Retirement Plan. 

  

 - 8 - 

	 	(f)	Notwithstanding the foregoing, in the event a Highly Compensated Employee’s employment terminates due to Disability, he shall continue to accrue Plan benefits until he attains
age 65 or until his earlier death or the cessation of his Disability. Subject to Section 7, the Highly Compensated Employee’s Plan benefits (as accrued through age 65 or the earlier cessation of his Disability) shall commence on the first
day of the month following his 65th birthday in an annuity form elected pursuant to Section 3(e), except as provided in Section 3(h). In the event of the Highly Compensated Employee’s death before age 65, benefits may be payable to
his Surviving Spouse, if any, pursuant to Section 3(g). 

  

	 	(g)	In the event of a Highly Compensated Employee’s death before Plan benefits have commenced, the Highly Compensated Employee’s Surviving Spouse may be entitled to a benefit
under the Plan, as determined in accordance with the following rules: 

  

	 	(i)	If a pre-retirement spouse’s benefit is payable under the Retirement Plan to the Surviving Spouse of a Highly Compensated Employee entitled to a supplemental retirement benefit
under Section 3(a), then the Surviving Spouse shall be paid a benefit hereunder equal to the difference between (A) the spouse’s benefit payable under the Retirement Plan and the Affiliated Plans and (B) the spouse’s benefit
that would be payable if the 401(a)(17) Limitations and the 415 Limitations were not contained therein. 

  

	 	(ii)	If a pre-retirement spouse’s benefit is payable under the Retirement Plan to the Surviving Spouse of an Executive Participant who is entitled to receive a benefit under
Section 3(b), or if an Executive Participant who is entitled to receive a benefit under Section 3(b) dies before supplemental retirement benefits commence with a Surviving Spouse eligible for a spouse’s benefit under the Retirement
Plan, the Surviving Spouse shall be paid a benefit hereunder equal to the difference between (A) the spouse’s benefit payable under the Retirement Plan and the Affiliated Plans and (B) the spouse’s benefit that would have been
payable if the Executive Participant’s benefit had been calculated in accordance with the formula set forth in Section 3(b), adjusted to reflect payment in the form of the 100% joint and survivor annuity. 

  

 - 9 - 

	 	(iii)	If a pre-retirement spouse’s benefit is payable under the Retirement Plan to the Surviving Spouse of an Executive Participant entitled to a supplemental benefit under
Section 3(c), or if such an Executive Participant dies before the benefits payable hereunder commence with a Surviving Spouse eligible for a spouse’s benefit under the Retirement Plan, the Surviving Spouse shall be paid a benefit hereunder
equal to the difference between (A) the spouse’s benefit payable under the Retirement Plan and (B) the spouse’s benefit that would have been payable if the Executive Participant’s benefit had been calculated in accordance
with Section 3(c), adjusted to reflect payment in the form of the 100% joint and survivor annuity. 

 Except as provided in
Section 3(h) and Section 7, payment of a pre-retirement spouse’s benefit under this Section 3(g) shall be made to the Surviving Spouse in the form of a life annuity, commencing on the first day of the month following the
employee’s death or the first day of the month following the date the employee would have attained age 55, if later. 
  

	 	(h)	Notwithstanding any Plan provision to the contrary, the Committee shall direct that any supplemental retirement benefit or pre-retirement benefit with an Actuarially Equivalent lump
sum value of less than the annual limit under Section 402(g) of the Code shall be paid as a single sum payment at the applicable payment date specified under Section 3(d) or (g) above. 

  

	 	(i)	If a Highly Compensated Employee has a Separation from Service, begins to receive his Plan benefit, and is later reemployed by the Company, he will continue to receive his Plan
benefit during his period of reemployment. Except as provided in Section 7, if a Highly Compensated Employee has a Separation from Service after becoming entitled to a Plan benefit and is reemployed by the Company before age 55, his Plan
benefit based on his prior period of employment shall commence upon his attainment of age 55 notwithstanding that he is then employed by the Company. 

  

 - 10 - 

	 	(j)	Benefits otherwise payable under this Section 3 shall be reduced by benefits payable under any other non-qualified defined benefit pension plan maintained by the Company or a
Related Company. 

 Section 4. Supplemental Profit-Sharing Benefits 
  

	 	(a)	In the event that the Allocation under the Profit-Sharing Plan is limited by the 401(a)(17) Limitations and the 415 Limitations for any Plan Year for a Highly Compensated Employee,
the Highly Compensated Employee shall receive a supplemental profit-sharing award under this Plan for such Plan Year equal to the difference between (i) the Allocation actually made to the Highly Compensated Employee’s account under the
Profit-Sharing Plan and (ii) the Allocation that would have been made to the Highly Compensated Employee’s account under the Profit-Sharing Plan for such Plan Year if the 401(a)(17) Limitations and the 415 Limitations were not contained
therein. In addition, if the Allocation under the Profit-Sharing Plan is reduced for a Highly Compensated Employee in order that the Profit-Sharing Plan may comply with the nondiscrimination and coverage requirements of Sections 401(a)(4) and 410(b)
of the Code for any Plan Year, then the Highly Compensated Employee shall receive a supplemental profit-sharing award under this Plan for such Plan Year equal to the amount by which the Highly Compensated Employee’s Allocation was so reduced.

  

	 	(b)	Except as provided in Section 7, the award for any Plan Year shall be made on the same day of the following Plan Year as the Company contribution Allocation under the
Profit-Sharing Plan is made and shall be deemed to be thereafter invested in an interest-bearing investment selected by the Trusts Investment Committee (or successor committee) of the Company. The amount of a Highly Compensated Employee’s or
Executive Participant’s supplemental profit-sharing benefits under this Plan shall be the aggregate amount of such awards together with any deemed investment gain thereon and less any deemed investment loss. 

  

	 	(c)	Supplemental profit-sharing awards and deemed investment gain and deemed investment loss thereon shall be fully vested and nonforfeitable. 

  

	 	(d)	 Supplemental profit-sharing plan benefits shall be paid by a single sum payment within 60 days following the Highly Compensated 

  

 - 11 - 

	 	 
Employee’s Separation from Service or death, except as provided in Section 7. However, in the event a Highly Compensated Employee is entitled to a
supplemental profit-sharing award for the year of his Separation from Service or death, such award shall be paid in the calendar year following such Separation from Service or death. Notwithstanding the foregoing, benefits payable due to a Specified
Employee’s Separation from Service shall not be paid before the end of the six-month period following the Specified Employee’s Separation from Service, except in the event of the Specified Employee’s death during such period. On the
first date that payment may be made pursuant to this Section 4(d), the Highly Compensated Employee shall receive payment of his supplemental profit-sharing plan benefit, adjusted with deemed investment gain or loss, as provided in
Section 4(b). 

  

	 	(e)	A Highly Compensated Employee may designate a beneficiary to receive the unpaid portion of his supplemental profit-sharing benefits in the event of his death. The designation shall
be made in a writing filed with the Committee on a form approved by it signed by the Highly Compensated Employee. If no effective designation of beneficiary shall be on file with the Committee when supplemental profit-sharing benefits would
otherwise be distributable to a beneficiary, then such benefits shall be distributed to the spouse of the Highly Compensated Employee or, if there is no spouse, to the executor of the will or the administrator of his estate or, if no such executor
or administrator shall be appointed, the Committee shall direct that distribution be made, in such shares as the Committee shall determine, to the child, parent or other blood relative of such Highly Compensated Employee or to such other person or
persons as the Committee may determine. 

 Section 5. Funding 
 Except as provided in Section 7, benefits under this Plan shall not be funded in order that the Plan may be exempt from the provisions of Parts 2, 3
and 4 of Title I of ERISA. The Committee shall maintain records of supplemental profit-sharing awards and the assumed investment thereof and records for the calculation of supplemental retirement benefits. 
  

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 Section 6. Payment of Taxes 
 A Highly Compensated Employee who receives a supplemental profit-sharing award under Section 4, or a contribution or payment under Section 7 with respect to his supplemental retirement benefits, shall also
receive payment of an amount equal to the Federal Insurance Contributions Act (FICA) tax imposed on the Highly Compensated Employee as a result of receiving such award, contribution or payment, plus the additional amount of federal and state income
taxes imposed on the Highly Compensated Employee as a result of the Company’s payment of the FICA tax. Payment shall be made to the Highly Compensated Employee under this Section 6 during the calendar year in which the FICA tax is imposed
on the Highly Compensated Employee. 
 In the event of the Plan’s failure to satisfy Code Section 409A, payment of a Highly
Compensated Employee’s benefit hereunder may be accelerated in an amount equal to the amount required to be included in the Highly Compensated Employee’s income as a result of said failure. 
 Section 7. Grantor Trusts and Segregated Accounts 
 Notwithstanding Section 5 of this Plan, the Company may provide for the establishment of Grantor Trusts and Segregated Accounts by or for the benefit of individual Executive Participants to provide for the payment of benefits under
this Plan, consistent with the following provisions: 
  

	 	(a)	The Trustee of the Grantor Trusts shall be a bank or trust company approved by the Company and established under the laws of the United States or a state within the United States
and having either total assets of at least $15 billion or trust assets of at least $25 billion. Each Grantor Trust shall be established pursuant to a trust agreement having terms and provisions approved by the Company and consistent with this
Section. The Grantor Trust shall be solely for the purpose of providing benefits under the Plan with respect to the Executive Participant, and neither the Company nor any creditors of the Company shall have any interest in the assets of the Grantor
Trust. The Company shall be the administrator of the Grantor Trust, and shall have such powers as are granted by the trust agreement. 

  

	 	(b)	 Each Segregated Account shall be a savings or other type of account approved by the Company established with a bank or trust company approved by the Company and
established under the laws of the United States or a state within the United States and having either total 

  

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assets of at least $15 billion or trust assets of at least $25 billion, or other form of segregated account with such a bank or trust company or other
financial institution approved by the Company, in each case with such terms and provisions as are approved by the Company and consistent with this Section. 

  

	 	(c)	Effective beginning with the 2008 Plan Year, the Company may from time to time make a contribution to an Executive Participant’s Grantor Trust, or Segregated Account if
directed by the Executive Participant, in an amount determined by the Salary Committee of the Company, or its delegate, before the beginning of the Plan Year to which the contribution relates. Any contribution payable pursuant to this
Section 7(c) shall be made during the 60-day period immediately following the end of the Plan Year to which the contribution relates. Contributions may be made under this Section 7(c) for Plan Years through the Plan Year in which the
Executive Participant’s Separation from Service occurs. In the event of the Executive Participant’s Disability, however, contributions may be made with respect to the Executive Participant’s supplemental retirement benefit for Plan
Years through the Plan Year in which the Executive Participant attains age 65, but only so long as his Disability continues. 

  

	 	(d)	For the 2005 through 2007 Plan Years, the Company made contributions to Executive Participants’ Grantor Trusts in an amount equal to the sum of the amounts determined under
(i) and (ii) below as of the end of the applicable Plan Year: 

  

	 	(i)	The excess, if any, of the lesser of the amounts determined under (A) and (B) below, over the balance of the Executive Participant’s Grantor Trust and Segregated
Account attributable to his supplemental retirement benefit, increased by any amounts previously withdrawn therefrom (with earnings credited on the withdrawn amounts as computed in accordance with Section 7(f)). 

  

	 	(A)	 The “full grantor trust funding requirement,” which shall be equal to (I) the Executive Participant’s accrued supplemental retirement benefit
determined under Section 3, payable as a single life annuity at the Executive Participant’s earliest possible retirement age or immediately if the Executive Participant has attained retirement age; (II) reduced by the assumed applicable

  

 - 14 - 

	 	 
federal and state income taxes, calculated using a 35% federal rate and the appropriate state tax rate; (III) with the resulting amount converted to its
after-tax present value using a 7.00% interest rate (adjusted to its after-tax equivalent using the assumed federal and state tax rates described in (II) above) and the mortality table used for the Retirement Plan’s accrued liability valuation.

  

	 	(B)	The “grantor trust funding limit,” which shall be equal to (I) the Executive Participant’s projected age 65 supplemental retirement benefit determined under
Section 3 and payable as a single life annuity, with such benefit calculated by assuming a 3.50% annual salary increase until the Executive Participant’s age 65; (II) reduced by the assumed applicable federal and state income taxes
(calculated in the same manner as described in (A)(II) above); (c) with the resulting amount first converted to the 100% joint and survivor annuity form using the applicable factor specified in the Retirement Plan; then converted to its
after-tax present value at age 65 in the same manner as described in (A)(III) above, and finally converted to its present value as of the end of the applicable Plan Year using a 7.00% interest rate and with no mortality assumed.

  

	 	(ii)	The amount determined under Section 4(a), reduced by the assumed applicable federal and state income taxes (calculated in the same manner as described in paragraph (i)(A)(II)
above). 

 The above contributions were paid within the applicable period specified in Section 7(c) above. 
  

	 	(e)	After an Executive Participant’s Separation from Service or death (or in the case of an Executive Participant whose employment terminated due to Disability, after the Executive
Participant’s attainment of age 65 or his earlier death), the Company shall make final contributions to the Executive Participant’s Grantor Trust, or Segregated Account if directed by the Executive Participant, in the amounts described
below. 

  

	 	(i)	 With respect to the Executive Participant’s benefit earned under Section 3, the Company shall make a contribution, 

  

 - 15 - 

	 	 
determined as of the Executive Participant’s Separation from Service or death (or age 65 for an Executive Participant then entitled to benefits due to
Disability) (the “determination date”), in an amount which, when added to the existing balance in the Executive Participant’s Grantor Trust and Segregated Account attributable to his supplemental retirement benefit (including
supplemental retirement benefit contributions payable under Section 7(c) or (d) above), shall be equal to (A) the present value of the after-tax equivalent of the Executive Participant’s supplemental retirement benefit under
Section 3 (which present value shall be equal to the full grantor trust funding requirement determined under Section 7(d)(i)(A) as of the applicable determination date, except that the rate specified in Section 7(f) shall be used
instead of the 7.00 % interest rate referenced in Section 7(d)(i)(A)(III)); offset by (B) any amounts previously withdrawn by the Executive Participant from that portion of his Grantor Trust or Segregated Account attributable to his
supplemental retirement benefit, plus income earned thereon, calculated as provided in Section 7(f). The contribution determined under this Section 7(e)(i) shall be paid within 60 days after the Executive Participant’s Separation from
Service or death, as the case may be, or, in the case of an Executive Participant with a Disability, within 60 days after his 65th birthday or his earlier death. 

  

	 	(ii)	If the Executive Participant is entitled to a supplemental profit-sharing award for the year of his Separation from Service or death, the Company shall make a contribution to the
Executive Participant’s Grantor Trust, or Segregated Account if directed by the Executive Participant, in an amount equal to the after-tax equivalent of such award, reduced by the assumed applicable federal and state income taxes (calculated in
the same manner as described in Section 7(d)(i)(A)(II) above). This contribution shall be paid in the calendar year following the Executive Participant’s Separation from Service or death, as the case may be. 

  

	 	(f)	 Amounts previously withdrawn from an Executive Participant’s Grantor Trust or Segregated Account shall be adjusted by the amounts of income which would have
been earned on such withdrawn amounts from the time of withdrawal until the applicable determination date, calculated by applying an earnings rate that is the after-tax equivalent 

  

 - 16 - 

	 	 
of an interest rate equal to the average monthly yield on ten-year coupon U.S. Treasury bonds (as published by the Federal Reserve) for the month of
termination of Vesting Service and the prior five months. 

  

	 	(g)	Notwithstanding any Plan provision to the contrary, in the event of a contribution payable on behalf of a Specified Employee due to his Separation from Service, the contribution
shall not be paid before the date that is six months after the Specified Employee’s Separation from Service, except in the event of the Specified Employee’s death before the end of such period. Any payment that is delayed pursuant to the
foregoing shall be adjusted with interest through the applicable payment date as follows: 

  

	 	(i)	With respect to amounts attributable to the Specified Employee’s supplemental retirement benefit, at the rate specified in Section 7(f); and 

  

	 	(ii)	With respect to amounts attributable to the Specified Employee’s supplemental profit-sharing benefit, at the rate specified in Section 7(h)(iv). 

 

	 	(h)	Amounts in a Grantor Trust or Segregated Account shall be invested separately as to amounts representing the Executive Participant’s supplemental retirement benefit under
Section 3 and the Executive Participant’s supplemental profit-sharing benefit under Section 4. 

  

	 	(i)	 Supplemental retirement benefit amounts invested in a Grantor Trust shall be invested solely in the Northern Trust Institutional Funds Intermediate Bond Portfolio
to the extent practicable and otherwise in the Northern Trust Institutional Funds Diversified Assets Portfolio. As soon as practicable after the Executive Participant’s 60th birthday, one-half of the amounts held in the Northern Trust
Institutional Funds Intermediate Bond Portfolio attributable to supplemental retirement benefits, and as soon as practicable after the Executive Participant’s 63rd birthday, the remainder of the amounts held in the Northern Trust Institutional
Funds Intermediate Bond Portfolio attributable to supplemental retirement benefits, shall be invested solely in the Northern Trust Institutional Funds Diversified Asset Portfolio, provided that supplemental retirement benefit amounts shall not be
transferred from the Northern Trust Institutional Funds Intermediate Bond Portfolio to the Northern Trust Institutional 

  

 - 17 - 

	 	 
Funds Diversified Asset Portfolio after the Executive Participant’s 60th birthday or the Executive Participant’s 63rd birthday if the amount held
in the Northern Trust Institutional Funds Intermediate Bond Portfolio attributable to supplemental retirement benefits is in a “loss position.” The amount held in the Northern Trust Institutional Funds Intermediate Bond Portfolio
attributable to supplemental retirement benefits shall be in a “loss position” on the Executive Participant’s 60th birthday if the current market value thereof at the Executive Participant’s 60th birthday is less than 95% of the
actuarial present value of the Executive Participant’s supplemental retirement benefit calculated as of the end of the prior calendar year. The amount held in the Northern Trust Institutional Funds Intermediate Bond Portfolio attributable to
supplemental retirement benefits shall be in a “loss position” on the Executive Participant’s 63rd birthday if the current market value thereof at the Executive Participant’s 63rd birthday is less than 50% of 95% of the actuarial
present value of the Executive Participant’s supplemental retirement benefit calculated as of the end of the prior calendar year. The Company shall notify the Trustee promptly after the end of each calendar year of the actuarial present value
of the Executive Participant’s supplemental retirement benefit. In the event that transfers cannot be made as soon as practicable after the Executive Participant’s 60th or 63rd birthday because the amount of the Northern Trust
Institutional Funds Intermediate Bond Portfolio attributable to supplemental retirement benefits is then in a “loss position,” the amounts attributable to supplemental retirement benefits shall be transferred as soon as practicable after
the amount of the Northern Trust Institutional Funds Intermediate Bond Portfolio attributable to supplemental retirement benefits is no longer in a “loss position.” 

  

	 	(ii)	 Supplemental profit-sharing benefit amounts invested in a Grantor Trust shall be invested in one or more of the (A) Northern Trust Institutional Funds
Diversified Asset Portfolio, (B) MFS New Discovery Fund, (C) PIMCO Total Return Fund, (D) Fidelity Value Fund, (E) Fidelity International Discovery Fund, (F) Fidelity Equity Income Fund, (G) Fidelity Blue Chip Growth
Fund, (H) Fidelity Spartan Total Market Index Fund or (I) Vanguard Index 500, in such portions as are 

  

 - 18 - 

	 	 
elected by the Executive Participant on a written election form approved by and filed with the Committee, all to the extent practicable and otherwise in the
Northern Trust Institutional Funds Diversified Asset Portfolio. The Executive Participant may change such election at any time by filing a new written election form with the Committee. The Committee shall promptly notify the Trustee as to any such
elections or changes therein. 

  

	 	(iii)	Supplemental retirement benefit amounts and supplemental profit-sharing benefit amounts invested in a Segregated Account shall be invested solely in the Northern Trust Institutional
Funds Diversified Asset Portfolio. 

  

	 	(iv)	In lieu of the calculation of investment gain or loss on supplemental profit-sharing awards prescribed by Section 4(b), an Executive Participant’s profit-sharing benefit
under Section 4 shall include the actual investment gain or loss on supplemental profit-sharing benefit amounts invested in accordance with this Section 7(h). 

  

	 	(i)	The Executive Participant may designate a beneficiary to receive amounts held in his Grantor Trust in the event of his death. The designation shall be made in a writing filed with
the Committee on a form approved by it and signed by the Executive Participant. The Committee shall notify the Trustee as to any such designation or changes therein. Sections 3(g) and 4(e) shall not apply to amounts in the Executive
Participant’s Grantor Trust or Segregated Account. 

  

	 	(j)	The Company shall make payments to the Executive Participant (or his beneficiary), in the amount and at the time set forth below in this Section 7(j), of amounts intended to
compensate the Executive Participant (or his beneficiary) for additional federal and state taxes on income resulting from the inclusion in the Executive Participant’s or beneficiary’s taxable income of: 

  

	 	(i)	Contributions to the Executive Participant’s Grantor Trust and Segregated Account (including amounts payable directly to the Executive Participant or his beneficiary pursuant
to Section 7(m)); and 

  

 - 19 - 

	 	(ii)	The income of the Grantor Trust and Segregated Account for periods prior to the Executive Participant’s termination of employment. 

 Amounts payable to an Executive Participant (or his beneficiary) under this Section 7(j) shall be determined using the assumed applicable federal and
state income tax rates specified in Section 7(d)(i)(A)(II). Payments shall be made on or before the last day of the taxable year in which the respective amounts described above are includible in the individual’s income. 
  

	 	(k)	An Executive Participant may elect to transfer all or any portion of the funds in his Grantor Trust to his Segregated Account, or to transfer all or any portion of the funds in his
Segregated Account to his Grantor Trust, upon written notice of not less than 60 days to the Company and the Trustee and the financial institution with which the Segregated Account is established. 

  

	 	(l)	An Executive Participant may withdraw all or any portion of the funds in his Grantor Trust or Segregated Account at any time upon not less than 60 days’ written notice to the
Company and to the Trustee, or the financial institution with which the Segregated Account is established, as the case may be. 

  

	 	(m)	The Grantor Trust shall terminate upon the expiration of 60 days following the termination of employment of the Executive Participant, unless continued by agreement between the
Executive Participant and the Trustee. In the event that the Executive Participant’s Grantor Trust is terminated before all required payments have been made to the Grantor Trust under this Section 7, any remaining payments shall be made
directly to the Executive Participant or his Surviving Spouse, estate or other beneficiary, as applicable, at the time specified under this Section 7. 

  

	 	(n)	Upon the making of all payments required by this Section 7, the Company shall have no further liability for benefits otherwise payable under Sections 3 and 4 to the Executive
Participant or his Surviving Spouse, estate or other beneficiaries. 

 The provisions of this Section 7 shall supersede the
provisions of any other Section of this Plan to the extent such other provisions might be considered to conflict with the provisions of this Section 7. 
  

 - 20 - 

 Section 8. Administration 
 This Plan shall be administered by the Committee. The Committee shall have the authority to make such rules and regulations, and to take such actions, as may be necessary to carry out the provisions of the Plan. The
Committee shall have sole discretionary authority to decide any questions arising in the administration, interpretation and application of the Plan (including remedy of inconsistencies or omissions in the Plan), which decisions shall be conclusive
and binding on all persons. Any claim for supplemental retirement benefits or supplemental profit-sharing benefits under the Plan shall be handled by the Committee, pursuant to the claims procedures applicable under the Retirement Plan or the
Profit-Sharing Plan, respectively, and such procedures are incorporated herein by this reference. No action at law or in equity may be brought to recover benefits under the Plan until the Participant has exercised all appeal rights and the Plan
benefits requested in such appeal have been denied in whole or in part. Benefits under the Plan shall be paid only if the Committee, in its discretion, determines that a claimant is entitled to them. 
 No action at law or in equity shall be brought to recover benefits under the Plan until the applicable appeal rights have been exercised and until the
Plan benefits requested in such appeal have been denied in whole or in part. If any judicial proceeding is undertaken to appeal the denial of a claim or bring any other action under ERISA other than a breach of fiduciary duty claim, the evidence
presented will be strictly limited to the evidence timely presented to the Committee. In addition, any such judicial proceeding must be filed within 180 days after the Committee’s final decision. 
 Section 9. Amendment and Termination 
 The Plan
may be amended or terminated by the Board of Directors of the Company at any time; provided, however, that no such amendment or termination shall deprive any Highly Compensated Employee or Executive Participant of supplemental retirement or
profit-sharing plan benefits accrued to the date of such amendment or termination or modify the first paragraph of Section 6 in a manner adverse to any Highly Compensated Employee; and provided further, however, that the Plan shall not be
amended without approval of the stockholders of the Company if such amendment would materially increase the cost of the Plan to the Company. In no event shall payment of a Highly Compensated Employee’s Plan benefit be accelerated on account of
the Plan’s termination except in accordance with Code Section 409A. 
  

 - 21 - 

 Section 10. Nonassignability 
 Subject to Section 7, no Highly Compensated Employee or Executive Participant shall have the right to assign, pledge or otherwise dispose of any benefits payable to him hereunder nor shall any benefit hereunder
be subject to garnishment, attachment, transfer by operation of law, or any legal process. This Section shall also apply to the creation, assignment or recognition of a right to any benefit payable pursuant to a domestic relations order, unless such
order meets the requirements of Section 414(p)(1)(B) of the Code as determined by the Committee. 
  

 - 22 -

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