Document:

Exhibit 10.26

Employment Contracts/Executive

Severance Plan Participants

CIT Group Inc. 

  Long-Term Incentive Plan 

  Performance-Accelerated Restricted Shares 

  Award Agreement

“Participant”:

“Date of Award”: [____________], 2008

     This Award Agreement, effective as of the Date of Award set forth above, sets forth the grant of shares of Restricted Common Stock (“Restricted Shares”) by CIT Group Inc., a Delaware corporation
(the “Company”), to the Participant named above, pursuant to the provisions of the CIT Group Inc. Long-Term Incentive Plan, as amended (the “Plan”). All capitalized terms shall have the meanings
ascribed to them in the Plan, unless specifically set forth otherwise herein.

     The parties hereto agree as follows:

	   	
(A)              	
Grant of Restricted Shares. The Company hereby grants to the Participant [______
      ] Restricted Shares, subject to the terms and conditions of the Plan and this Award Agreement, including the transfer restrictions set forth in
Section E and the cancellation provisions set forth in Section C.       
	 
	 	
(B)              	
Vesting of Restricted Shares.     
	 
	 	 	
(1)              	
Within 90 days after the commencement of each of the Company’s 2009 and 2010 fiscal years, the Committee shall establish one or more Performance Targets, which may include, without limitation, growth in earnings per share, growth in net assets,
and/or average return on equity, in each case, for the relevant fiscal year. Subject to the Participant’s continued employment with the Company and its Subsidiaries (the “Company Group”), the Restricted Shares shall vest
on December 31, 2010, as follows: (a) 50% of the Restricted Shares shall vest if the Performance Target(s) are achieved for the 2009 fiscal year; and (b) the remaining 50% of the Restricted Shares shall vest if the Performance Target(s) are achieved
for the 2010 fiscal year.       
	 

	 	
(2)              	
Except as otherwise provided in Section B(1), subject to the Participant’s continued employment with the Company Group, 100% of the Restricted Shares shall vest on December 31, 2012 (the “Scheduled Vesting Date”).      
	 
	 	
(3)              	
Upon vesting, the Restricted Shares shall no longer be subject to the transfer restrictions pursuant to Section E or cancellation pursuant to Section C.        
	 
	
(C)              	
Termination of Employment.        
	 
	 	
(1)              	
If, after the Date of Award and prior to the Scheduled Vesting Date, the Participant’s employment with the Company Group terminates due to the Participant’s death or Disability (as defined below), then, to the extent not already vested in
accordance with Section B(1), all of the Restricted Shares shall vest immediately. “Disability” shall have the meaning ascribed thereto under the Company’s long-term disability plan or policy applicable to the Participant, as in effect from time to time, or, in the event the Company has no long-term
disability plan or policy, “Disability” shall have the same meaning as defined in the Company’s applicable long-term disability plan or policy last in effect prior to the first date a Participant suffers from such
Disability.      
	 
	 	
(2)              	
If, (a) on or after December 31, 2010 and prior to the Scheduled Vesting Date, the Participant’s employment with the Company Group is terminated by the Participant due to Retirement (as defined below), or (b) after the Date of the Award and
prior to December 31, 2010, the Participant’s employment is so terminated with the consent of the Committee, then, to the extent not already vested in accordance with Section B(1), a prorated number of the Restricted Shares shall vest
immediately, in proportion to the number of completed years during the period commencing on January 1, 2008, and ending on the date of such termination, divided by five. “Retirement” is defined as either (i) a
Participant’s election to retire upon attaining his or her “Normal Retirement Age”; or (ii) a Participant’s election to retire upon   (A) completing at least a 10-year “Period of Benefit Service” and
(B) having either (1) attained age 55, or (2) incurred an “Eligible  Termination” and, at the time of such “Eligible Termination,” having attained age 54. The terms “Normal Retirement Age,” “Period of Benefit Service” and
“Eligible Termination” shall have the meaning as defined in the Retirement Plan.        
	 
	 	
(3)              	
If, after the Date of Award and prior to the Scheduled Vesting Date, the Participant’s employment with the Company Group is terminated (a) by the Company Group in a RIF Termination (as   
	 

	  	 	
defined below), or (b) by the Participant for “Good Reason” or by the Company Group without “Cause” (each as defined in the applicable employment agreement between the Participant and the Company (the
“Employment Agreement”), or, if none, the Company’s Executive Severance Plan, as amended from time to time (the “Executive Severance Plan”)), then, to the extent not already vested in accordance
with Section B(1), a prorated number of the Restricted Shares shall vest immediately, in proportion to the number of months during the period commencing on January 1, 2008, and ending on the last day of the calendar month in which such termination
occurs, divided by 60. A “RIF Termination” shall mean the Participant’s termination of employment, initiated by the Company, as a result of a reduction in force, corporate downsizing, change in operations, permanent and
complete facility relocation or closing, or other similar job elimination.      
	 
	 	
(4)              	
If, prior to the Scheduled Vesting Date, the Participant’s employment with the Company Group terminates for any reason other than as set forth in Sections C(1), C(2) or C(3), to the extent not already vested in accordance with Sections B(1) or
(D), the Restricted Shares shall be cancelled immediately and the Participant shall immediately forfeit any rights to the Restricted Shares.    
	 

	
(D)              	
Change of Control. Notwithstanding any provision contained in the Plan or this Award Agreement to the contrary, if, prior to the Scheduled Vesting Date, a Change of Control occurs, then, to the extent not already vested in accordance
with Sections B(1) or C(1), C(2) or C(3), the Restricted Shares shall immediately vest upon the effective date of the Change of Control.        
	 
	
(E)              	
Transferability. The Restricted Shares are not transferable other than by last will and testament, by the laws of descent and distribution pursuant to a domestic relations order, or as otherwise permitted under Section 12 of the Plan.
Further, except as set forth in Section 12(b) of the Plan, a Participant’s rights under the Plan shall be exercisable during the Participant’s lifetime only by the Participant, or in the event of the Participant’s legal incapacity,
the Participant’s legal guardian or representative.        
	 
	
(F)              	
Rights as a Stockholder. Subject to the restrictions set forth in the Plan and this Award Agreement, the Participant shall have, with respect to the Restricted Shares, all the rights of a stockholder of the Company, including, if
applicable, (1) the right to vote the Restricted Shares, and (2) if, after the Date of Award and prior to the Scheduled Vesting Date, dividends with respect to Shares are declared or paid by the Company, to  
	 

	 	
receive any dividends on the Restricted Shares at the same time as the distribution of dividends to other stockholders. 
	 
	
(G)              	
Share Certificates.       
	 
	 	
(1)              	
The certificate representing the Shares covered by the Restricted Shares shall be held in custody by the Company until the restrictions thereon shall have lapsed. As a condition of the award of Restricted Shares, the Participant shall deliver to the
Company a stock power, endorsed in blank, relating to such Shares. The Committee may cause a legend or legends to be put on the certificate to make appropriate reference to such restrictions as the Committee may deem advisable under the Plan or as
may be required by the rules, regulations, and other requirements of the Securities and Exchange Commission, any exchange that lists the Shares, and any applicable federal or state laws.      
	 
	 	
(2)              	
The Company may, in its sole discretion, provide for a book entry with the Company’s Registrar and Transfer Agent on behalf of the Participant with respect to the Restricted Shares, in lieu of issuing a stock certificate to the Participant for
all or a portion of the period beginning on the Date of the Award and ending on the date upon which the restrictions upon the Restricted Shares lapses; provided, that the Restricted Shares represented by the book entry shall be (i) deemed to
be held in custody by the Company until the restrictions thereon shall have lapsed and (ii) subject to the terms and conditions (including transfer restrictions and cancellation provisions) of this Award Agreement and the Plan.     
	 
	
(H)              	
Incorporation of Plan. The Plan provides a complete description of the terms and conditions governing all Awards granted thereunder and is incorporated into this Award Agreement by reference. This Award Agreement and the rights of the
Participant hereunder are subject to the terms and conditions of the Plan, as amended from time to time, and to such rules and regulations as the Committee may adopt under the Plan. If there is any inconsistency between the terms of this Award
Agreement and the terms of the Plan, the Plan’s terms shall supersede and replace the conflicting terms of this Award Agreement. The Plan and this Award Agreement are collectively referred to as the “Plan
Documents.”   
	 
	
(I)              	
No Entitlements   
	 
	 	
(1)              	
The Restricted Shares are discretionary awards. The Plan Documents do not confer on the Participant any right or entitlement to receive compensation or bonus in any specific amount for any future fiscal year (including, without limitation, 
	 

	 	
any grants of future Awards under the Plan) and do not impact in any way the Company Group’s determination of the amount, if any, of the Participant’s compensation or bonus. The Restricted Shares do not constitute salary, wages, regular
compensation, recurrent compensation or contractual compensation for the year of grant or any later year and shall not be included in, nor have any effect on, the determination of employment-related rights or benefits under law or any employee
benefit plan or similar arrangement provided by the Company Group (including, without limitation, severance, termination of employment and pension benefits), unless otherwise specifically provided for under the terms of such plan or arrangement or
by the Company Group. The benefits provided pursuant to the Restricted Shares are in no way secured, guaranteed or warranted by Company Group.  
	 
	
(2)              	
The Restricted Shares are awarded to the Participant by virtue of the Participant’s employment with, and services performed for, the Company Group. The Plan Documents do not constitute an employment agreement. Nothing in the Plan Documents
shall modify the terms of the Participant’s employment, including, without limitation, the Participant’s status as an “at will” employee of the Company Group, if applicable.       
	 
	
(3)              	
Subject to the terms of the Employment Agreement or the Executive Severance Plan, as applicable to the Participant, the Company reserves the right to change the terms and conditions of the Participant’s employment, including the division,
subsidiary or department in which the Participant is employed. None of the Plan Documents, the grant of Restricted Shares, nor any action taken or omitted to be taken under the Plan Documents shall be deemed to create or confer on the Participant
any right to be retained in the employ of the Company Group, or to interfere with or to limit in any way the right of the Company Group to terminate the Participant’s employment at any time. Moreover, the termination of employment provisions
set forth in Section C only apply to the treatment of the Restricted Shares in the specified circumstances and shall not otherwise affect the Participant’s employment relationship. By accepting this Award Agreement, the Participant waives any
and all rights to compensation or damages in consequence of the termination of the Participant’s office or employment for any reason whatsoever insofar as those rights arise or may arise from the Participant’s ceasing to have rights under,
or be entitled to receive payment in respect of, the Restricted Shares as a result of such termination, or from the loss or diminution in value of such rights or entitlements. This waiver applies whether or not such termination amounts to a wrongful
discharge or unfair dismissal.  
	 

	
(J)              	
Miscellaneous.    
	 
	 	
(1)              	
It is expressly understood that the Committee is authorized to administer, construe, and make all determinations necessary or appropriate to the administration of the Plan and this Award Agreement, all of which shall be binding upon the
Participant.    
	 
	 	
(2)              	
The Board may at any time, or from time to time, terminate, amend, modify or suspend the Plan, and the Board or the Committee may amend or modify this Award Agreement at any time; provided, however, that no termination, amendment,
modification or suspension shall materially and adversely alter or impair the rights of the Participant under this Award Agreement, without the Participant’s written consent.     
	 
	 	
(3)              	
Shares of Restricted Stock are intended not to be subject to the requirements of Section 409A of the Internal Revenue Code of 1986, as amended, and the regulations and guidance promulgated thereunder (“Section 409A”).
Notwithstanding the forgoing or any provision of the Plan or this Award Agreement, if any provision of the Plan Documents would, in the reasonable good faith judgment of the Committee, result or likely result in the imposition on the Participant, a
beneficiary or any other person of a penalty tax under Section 409A, the Committee may modify the terms of the Plan Documents, without the consent of the Participant, beneficiary or such other person, in the manner that the Committee may reasonably
and in good faith determine to be necessary or advisable to avoid the imposition of such penalty tax.   
	 
	 	
(4)              	
Vesting of the Restricted Shares shall be subject to the Participant satisfying all applicable federal, state, local and foreign taxes (including the Participant’s FICA obligation). The Company shall have the power and the right to (i) deduct
or withhold from all amounts payable to the Participant in connection with the Restricted Shares or otherwise, or (ii) require the Participant to remit to the Company, an amount sufficient to satisfy any applicable taxes required by law. Further,
the Company may permit or require the Participant to satisfy, in whole or in part, the tax obligations by withholding Shares that would otherwise be received upon vesting of the Restricted Shares, or may cancel a sufficient number of unvested
Restricted Shares in satisfaction of any applicable taxes required by law.      
	 
	 	
(5)              	
This Award Agreement shall be subject to all applicable laws, rules, and regulations, and to such approvals by any governmental agencies or national securities exchanges as may be required, or the Committee determines are advisable. The Participant
agrees to       
	 

	 	 
	take all steps the Company determines are necessary to comply with all applicable provisions of federal and state securities law in exercising his or her rights under this Award Agreement. 
	 
	 	
(6)              	
Any notice required by the terms of the Plan or this Award Agreement shall be given in writing and shall be deemed effective upon personal delivery or upon deposit in the mail, by registered or certified mail. Notice to the Company shall be
delivered to CIT        Group Inc., Human Resources Department, 1 CIT Drive, Livingston, New Jersey 07039 and to the Participant at the address that the Participant has most recently provided to the Company; provided, however, that the Company may provide
notices to the Participant by Company-email, intranet postings or other electronic means that are generally used for Company employee communications.   
	 
	 	
(7)              	
Nothing in the Plan or this Award Agreement should be construed as providing the Participant with financial, tax, legal or other advice with respect to the Restricted Shares. The Company recommends that the Participant consult with his or her
financial, tax, legal and other advisors to provide advice in connection with the Restricted Shares.    
	 
	 	
(8)              	
All obligations of the Company under the Plan and this Award Agreement, with respect to the Awards, shall be binding on any successor to the Company, whether the existence of such successor is the result of a direct or indirect purchase, merger,
consolidation, or otherwise, of all or substantially all of the business and/or assets of the Company.  
	 
	 	
(9)              	
To the extent not preempted by federal law, this Award Agreement shall be governed by, and construed in accordance with, the laws of the State of Delaware.     
	 
	
(K)              	
Acceptance of Award. The Participant acknowledges his or her understanding and acceptance of the terms and conditions of the Plan Documents. Acceptance of the Restricted Shares requires no action on the part of the Participant. If the
Participant, however, desires to refuse the Award, the Participant must notify the Company in writing in accordance with Section J(6) of this Award Agreement no later than thirty (30) days after receipt of this Award Agreement. If the Participant
refuses the Award, he or she will not be entitled to any additional compensation or remuneration in replacement of the Award. If the Participant does not refuse the Award, the Participant will be deemed to agree to all of the terms of the
Award. 
	 

     IN WITNESS WHEREOF, this Award Agreement has been executed by the Company by one of its duly authorized officers as of the Date of Award.

		
      CIT Group Inc.

      

    
	 	By	______________________
			
      Name:

Title:Exhibit 10.27

CIT GROUP INC.

  

  SUPPLEMENTAL RETIREMENT PLAN

  

  (As Amended and Restated Effective as of January 1, 2008)

CIT GROUP INC.

SUPPLEMENTAL RETIREMENT PLAN

Table of Contents

	  	Page 
	Article 1. Purpose 	3 
	Article 2. Definitions 	3 
	Article 3. Administration 	5 
	Article 4. Participation; Supplemental Retirement and Death Benefits 	6 
	Article 5. Source and Payment of Supplemental Retirement Benefits 	10 
	Article 6. Amendment and Termination 	11 
	Article 7. Claims procedures 	12 
	Article 8. Miscellaneous 	13 

CIT GROUP INC.

SUPPLEMENTAL RETIREMENT PLAN

ARTICLE 1.

PURPOSE

            CIT Group Inc. adopted the Plan effective as of January 1, 1990. The Plan was last amended and restated as of January 1, 2005.

            The Plan is hereby amended and restated as set forth herein, effective as of January 1, 2008. Unless otherwise expressly provided herein, the rights of any person who had a Separation from Service, died or retired on or before January 1, 2008, shall be determined solely under the terms of the Plan in effect on the date of such person’s Separation from Service, death or retirement.

            The purpose of the Plan is to establish a means of providing unfunded benefits to certain eligible employees and their beneficiaries, which are in excess of the limitations imposed on the Retirement Plan by Sections 401(a)(17) and 415 of the Code.

            The Plan is intended to constitute an excess benefit plan and an unfunded deferred compensation plan for a select group of management and highly compensated employees within the meaning of the ERISA.

ARTICLE 2.

DEFINITIONS

            When used herein the following terms shall have the meanings set forth below. Capitalized words that are not defined herein have the meanings assigned to such words in the Retirement Plan.

     2.1. “Beneficiary” means the person entitled to receive benefits, if any, under the terms of the Retirement Plan following a Member’s Separation from Service due to death; provided, however, that, for all purposes under this Plan, the Beneficiary of a Traditional Member who is married at the time of death shall be the Traditional Member’s Spouse (as determined under the Retirement Plan).

     2.2. “Board” means the Board of Directors of the Company or any committee thereof which may be delegated responsibility with respect to the Plan.

     2.3. “CB Member” means a Member whose accrued benefit under the Retirement Plan is determined under the Cash Balance Account formula of the Retirement Plan.

     2.4. “Code” means the Internal Revenue Code of 1986, as amended, and the applicable rulings and regulations thereunder.

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     2.5. “Code Limits” means Sections 401(a)(17) and 415 of the Code and any other provisions of the Code which, in the Committee’s determination, limit the amount of benefits which a Member may accrue under the Retirement Plan.

     2.6. “Committee” means the “Employee Benefit Plans Committee,” as defined in the Retirement Plan.

     2.7. “Company” means CIT Group Inc. or any successor thereto.

     2.8. “Deferred Compensation Plan” means the CIT Group Inc. Deferred Compensation Plan, as the same may be amended from time to time.

     2.9. “Employer” means the Company and any Affiliate that, with the consent of the Board, adopts the Plan.

     2.10. “ERISA” means the Employee Retirement Income Security Act of 1974, as amended, and the applicable rulings and regulations thereunder.

     2.11. “Member” means an employee of an Employer who is participating in the Plan, including a CB Member and a Traditional Member.

     2.12. “Payment Date” means, as applied to a Member and subject to Section 6.3, the first day of the fourth month following the month in which occurs the date of the Member’s Separation from Service.

     2.13. “Plan” means the CIT Group Inc. Supplemental Retirement Plan (previously known as The CIT Group Holdings, Inc. Supplemental Retirement Plan prior to January 1, 2005), as the same may be amended from time to time.

     2.14. “Retirement Plan” means CIT Group Inc. Retirement Plan, as the same may be amended from time to time.

     2.15. “Separation from Service” means a Member’s “separation from service” from the Company and each of its Affiliates, as determined under the default provisions included in the applicable Treasury Regulations issued under of Section 409A of the Code.

     2.16. “Specified Benefit Form” means (i) for a Member who is married to a Spouse for purposes of the Retirement Plan as of the date of the Member’s Separation from Service, a 50% qualified joint and survivor annuity payable over the life of the Member and the Member’s Spouse and commencing as of the first day of the month following the month in which the date of the Member’s Separation from Service occurs; and (ii) for a Member who is not married to a Spouse for purposes of the Retirement Plan as of the date of the Member’s Separation from Service, a single life annuity payable over the life of the Member and commencing as of the first day of the month following the month in which the date of the Member’s Separation from Service occurs.

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     2.17. “Specified Employee” means an employee of the Company or its Affiliates who will be a “specified employee” as defined in Section 409A(a)(2)(B)(i) of the Code determined in accordance with the uniform methodology and procedures adopted by the Committee.

     2.18. “Spouse” means, as of the date of determination, the individual of the opposite sex to whom the Member is married within the meaning of the laws of the jurisdiction of the Member’s domicile (including common law marriage under applicable state law), provided; however, that the marriage is recognized as valid under the laws of the United States. Unless otherwise specified herein, a man and a woman are married if their relationship is recognized as a marriage under the laws of the state or county in which the Member is domiciled and of the United States.

     2.19. “Supplemental Benefit” means the benefit, if any, payable to a Member or a Member’s Beneficiary in accordance with the provisions of the Plan.

     2.20. “Traditional Member” means a Member whose accrued benefit under the Retirement Plan is determined under the non-Cash Balance Account formula of the Retirement Plan.

ARTICLE 3.

ADMINISTRATION

     3.1. General Authority. The general supervision of the Plan shall be the
responsibility of the Committee, which, in addition to such other powers as it may have as provided herein, shall have the power:
(i) subject to Section 4.1, to determine eligibility to participate in, and the amount of benefit to be provided to any Member
under, the Plan; (ii) to make and enforce such rules and regulations as it shall deem necessary or proper for the efficient
administration of the Plan; (iii) to determine all questions arising in connection with the Plan, to interpret and construe the
Plan, to resolve ambiguities, inconsistencies or omissions in the text of the Plan, to correct any defects in the text of the
Plan and to take such other action as may be necessary or advisable for the orderly administration of the Plan; (iv) to make any
and all legal and factual determinations in connection with the administration and implementation of the Plan; and (v) to employ
and rely on legal counsel, actuaries, accountants and any other agents as may be deemed to be advisable to assist in the administration of the Plan. All such actions of the Committee shall be conclusive and binding upon all persons. The Committee shall be entitled to rely conclusively upon all tables, valuations, certificates, opinions, and reports furnished by any actuary, accountant, controller, counsel, or other person employed or engaged by the Company with respect to the Plan. If any member of the Committee is a Member, such member shall not resolve, or participate in the resolution of, any question which relates directly or indirectly to him and which, if applied to him, would significantly vary his eligibility for, or the amount of, any benefit to him under the Plan.

     3.2. Delegation. The Committee shall have the power to delegate to any person or persons the authority to carry out such administrative duties, powers and authority relative to the administration of the Plan as the Committee may from time to time determine. Any action taken

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by any person or persons to whom the Committee makes such a delegation shall, for all purposes of the Plan, have the same force and effect as if undertaken directly by the Committee.

     3.3. Actions; Indemnification. The members of the Committee, the members of any other committee and any officer or employee of an Employer to whom responsibilities are delegated by the Committee shall not be liable for any actions or failure to act hereunder. The Company shall indemnify and hold harmless, to the fullest extent permitted by law, the Committee (and each member thereof), the members of any other committee employed by an Employer and any officer or employee of an Employer to whom responsibilities are delegated by the Committee from and against any liabilities, damages, costs and expenses (including attorneys’ fees and amounts paid in settlement of any claims approved by the Company) incurred by or asserted against it or him by reason of its or his duties performed in connection with the operation or administration of the Plan.

     3.4. Section 409A Grandfathering. The Supplemental Benefit payable to a Member who had a Separation from Service prior to January 1, 2005 shall be governed by the terms of the Plan in effect at the time of the Member’s Separation from Service, except that, in the case of a Member whose date of Separation from Service was after October 3, 2004 and prior to January 1, 2005, the Supplemental Benefit shall be determined in accordance with the terms of the Plan in effect on October 3, 2004.

ARTICLE 4.

PARTICIPATION; SUPPLEMENTAL RETIREMENT AND DEATH BENEFITS

     4.1. Covered Employees. The Plan shall cover employees of an Employer whose benefits under the Retirement Plan are limited by the Code Limits; provided, however, that the Committee shall have the discretion to exclude one or more employees or classes of employees from participation in the Plan to the extent the Committee determines that such action is necessary or advisable for the Plan to continue to be limited to a select group of management and highly compensated employees within the meaning of the ERISA. The Supplemental Benefit, if any, provided to a Member or a Member’s Beneficiary shall be determined in accordance with Section 4.2.

     4.2. Supplemental Benefit. A Supplemental Benefit shall be provided under the Plan to any Member (i) who has Separation from Service and (ii) who, at the time of such Separation from Service, has a vested and accrued benefit under the Retirement Plan. No Supplemental Benefit shall be payable under the Plan to any Member or to such Member’s Beneficiary if, at the time of the Member’s Separation from Service, the Member does not have a vested and accrued benefit under the Retirement Plan. The amount of the Supplemental Benefit shall be calculated as of the date of the Member’s Separation from Service as follows:

            (a) CB Members Who Do Not Qualify for Early or Normal Retirement. The Supplemental Benefit of a CB Member who, as of the date of the CB Member’s Separation from Service, does not qualify for immediate retirement under the early or normal retirement provisions of the Retirement Plan shall equal:

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            (i) The dollar value of the CB Member’s Cash Balance Account under the Retirement Plan as of the date of the CB Member’s Payment Date calculated, solely for purposes of this Plan, (I) as if the Code Limits did
not apply to the calculation of such Cash Balance Account and (II) by including amounts attributable to voluntary salary or bonus deferrals by the CB Member under any Company-sponsored deferred compensation plan for the periods under the Retirement
Plan applicable to the calculation of the CB Member’s Cash Balance Account; minus

            (ii) The dollar value of the Member’s Cash Balance Account as of the applicable Payment Date.

            (b) CB Members Who Qualify for Early or Normal Retirement. The Supplemental Benefit of a CB Member who, as of the date of such Member’s Separation from Service, qualifies for immediate retirement under the
early or normal retirement provisions of the Retirement Plan shall equal:

            (i) The present value as of the Payment Date of the Specified Benefit Form that the Member would receive under the Retirement Plan if the Member had retired under the Retirement Plan as of the date of the Member’s
Separation from Service calculated (I) as if the Code Limits did not apply to the calculation of the Member’s Accrued Benefit under the Retirement Plan and (II) by including amounts attributable to voluntary salary and bonus deferrals under any
Company-sponsored deferred compensation plan for the periods under the Retirement Plan applicable to the calculation of the Member’s Accrued Benefit under the Retirement Plan; minus

            (ii) The present value of the Specified Benefit Form determined as of the Payment Date that the Member would receive under the Retirement Plan if the Member had retired under the Retirement Plan as of the date of the
Member’s Separation from Service.

            (c) Traditional Members Who Qualify for Early or Normal Retirement. The Supplemental Benefit of a Traditional Member who, as of the date of such Member’s Separation from Service, qualifies for immediate
retirement under the early or normal retirement provisions of the Retirement Plan shall equal:

            (i) The present value of the Specified Benefit Form that the Member would receive under the Retirement Plan if the Member had retired under the Retirement Plan as of the date of the Member’s Separation from Service
calculated (I) as if the Code Limits did not apply to the calculation of the Member’s Accrued Benefit under the Retirement Plan and (II) by including amounts attributable to voluntary salary deferrals by the Traditional Member, under any
Company-sponsored deferred compensation plan for the periods under the Retirement Plan applicable to the calculation of the Member’s Accrued Benefit under the Retirement Plan; minus

            (ii) The present value of the Specified Benefit Form determined as of the Payment Date that the Member would receive under the Retirement Plan if the Member had retired under the Retirement Plan as of the date of the
Member’s Separation from Service; plus

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            (iii) Interest from the first day of the month following the Member’s Separation from Service to the Payment Date. Such interest shall be credited based on the annual interest rate used to determine Interest
Credits under the Retirement Plan for each month within such period, compounded monthly.

            (d) Traditional Members Who Do Not Qualify for Early or Normal Retirement. The Supplemental Benefit of a Traditional Member who, as of the date of such Traditional Member’s Separation from Service, does not
qualify for immediate retirement under the early or normal retirement provisions of the Retirement Plan shall equal:

            (i) The present value of the single-life annuity benefit that the Traditional Member would receive under the Retirement Plan commencing as of the Traditional Member’s Normal Retirement Age calculated (I) as if the
Code Limits did not apply to the calculation of the Traditional Member’s Accrued Benefit under the Retirement Plan and (II) by including amounts attributable to voluntary salary deferrals by the Traditional Member under any Company-sponsored
deferred compensation plan for the periods under the Retirement Plan applicable to the calculation of the Traditional Member’s Accrued Benefit under the Retirement Plan; minus

            (ii) The present value of the single-life annuity benefit payable to the Member under the Retirement Plan commencing at the Traditional Member’s Normal Retirement Age; plus

            (iii) Interest from the first day of the month following the Member’s Separation from Service to the Payment Date. Such interest shall be credited based on the annual interest rate used to determine Interest
Credits under the Retirement Plan for each month within such period, compounded monthly.

            (e) All Members. The amount calculated for a Member under paragraph (b) or (c) of this Section 4.2 shall be increased by the amount, if any, of the Member’s account under the CIT Group Inc. Supplemental
Savings Plan attributable to the Member’s Flexible Retirement Contribution Account under the CIT Group Inc. Savings Incentive Plan, but only if, in computing the Member’s Retirement Plan benefit, the amount of the Flexible Retirement
Contribution Account reduces the Member’s Retirement Plan benefit.

     4.3. Additional Benefits. The Committee may, in its sole discretion, in addition to the benefits payable under Section 4.2, if any, authorize payments of additional unfunded benefits to a Member pursuant to a
formula negotiated in good faith between, and agreed to by, the Member and the Employer or specified in any plan or arrangement of the Company applicable to the Member. In addition, the Supplemental Benefit of a Member shall be increased by the
accrual that the Member would have earned under the Retirement Plan in respect of any cash compensation paid to the Member from an Employer in the year following the year in which the Member’s Separation from Service occurs, but only to the
extent that the Committee determines in good faith that it is not permissible or advisable under the provisions of the Code applicable to the Retirement Plan to take such compensation into account in calculating the Member’s benefit under the
Retirement Plan.

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     4.4. Death in Service.

            (a) Traditional Members. No Supplemental Benefit will be payable under the Plan if a Traditional Member incurs a Separation from Service as a result of the Member’s death and, at the time of death, the
Traditional Member is not married to a Spouse. If a Traditional Member incurs a Separation from Service as a result of the Member’s death and, at the time of death, the Traditional Member is married to a Spouse, the death benefit payable to the
Spouse shall be determined as follows:

            (i) Traditional Members Who Qualify for Early or Normal Retirement. The death benefit payble upon the death of a Traditional Member who is married to a Spouse and who qualifies for immediate retirement under the
early or normal retirement provisions of the Retirement Plan shall equal:

            (1) The present value of the survivor’s benefit that would be paid under the Specified Benefit Form that the Spouse would receive under the Retirement Plan if the Member had retired under the Retirement Plan as of
the date of the Member’s Separation from Service calculated (I) as if the Code Limits did not apply to the calculation of the Member’s Accrued Benefit under the Retirement Plan and (II) by including amounts attributable to (X) in the case
of a Traditional Member, voluntary salary deferrals by the Traditional Member, under any Company-sponsored deferred compensation plan for the periods under the Retirement Plan applicable to the calculation of the Member’s Accrued Benefit under
the Retirement Plan; minus

            (2) The present value of the survivor’s benefit that would be paid under the Specified Benefit Form that the Spouse would receive under the Retirement Plan if the Member had retired under the Retirement Plan as of
the date of the Member’s Separation from Service.

            (ii) Traditional Members Who Do Not Qualify for Early or Normal Retirement. The death benefit payable upon the death of a Traditional Member who is married to a Spouse and who does not qualify for immediate
retirement under the early or normal retirement provisions of the Retirement Plan shall equal:

            (1) The present value of the survivor’s benefit that would be paid under the Specified Benefit Form that the Spouse would receive under the Retirement Plan commencing as of the Traditional Member’s Normal
Retirement Age calculated (I) as if the Code Limits did not apply to the calculation of the Traditional Member’s Accrued Benefit under the Retirement Plan and (II) by including amounts attributable to voluntary salary deferrals by the
Traditional Member under any Company-sponsored deferred compensation plan for the periods under the Retirement Plan applicable to the calculation of the Traditional Member’s Accrued Benefit under the Retirement Plan; minus

            (2) The present value of the survivor’s benefit that would be paid under the Specified Benefit Form to the Spouse under the Retirement Plan commencing at the Traditional Member’s Normal Retirement Age.

            (b) CB Members. If a CB Member incurs a Separation from Service as a result of the Member’s death, the death benefit payable to the Member’s Beneficiary shall be equal to 100% of the Supplemental
Benefit that would have been payable to the CB Member

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under Section 4.2 if the CB Member had incurred a Separation from Service (other than by reason of death) on the CB Member’s date of death.

     4.5. Actuarial Assumptions. For purposes of this Article IV, present value of a benefit shall mean the Actuarial Equivalent lump sum value of such benefit.

ARTICLE 5.

SOURCE AND PAYMENT OF SUPPLEMENTAL RETIREMENT BENEFITS

     5.1. Payment and Payment Date. Subject to Section 5.4, the Employer shall pay the Supplemental Benefit to which a Member is entitled under the Plan in a cash lump-sum on the Member’s Payment Date. In the event of the Member’s death, the Employer shall pay the Member’s Beneficiary, if any, the Supplemental Benefit to which such Beneficiary is entitled under the Plan in a cash lump-sum on the Payment Date applicable to the Member.

     5.2. Employer Obligation. Payment of the Supplemental Benefit shall be made by the Member’s Employer. If the Supplemental Benefit becomes payable to, or in respect of, a Member whose service included employment with more than one Employer, the Committee may allocate the payment obligation for the Supplemental Benefit to one Employer or between or among each such Employer.

     5.3. Unfunded Plan. All payments under the Plan shall be made from the general assets of the Employer making the payment. No assets of the Employer shall be segregated or earmarked to represent the liability for accrued Supplemental Benefits. The rights of any person to receive benefits under the Plan shall be only those of a general unsecured creditor. Notwithstanding the foregoing, nothing herein shall be construed to prevent the transfer of funds to a trust for the purpose of paying benefits hereunder, subject to compliance with Section 409A of the Code.

     5.4. Deferred Payment. If permitted by the Committee, effective on and after
July 1, 2006, a Member may elect to defer receipt of all or a portion (not less than 25%) of the Supplemental Benefit to which
the Member is entitled under the Plan provided that such election is filed at least 12 months before the Member’s Payment
Date under the Plan (determined as if this deferral election had not been made). Any such election must provide that the
Supplemental Benefit will be deferred for at least five years from the Member’s Payment Date in the form, and submitted in
accordance with the requirements, in the Deferred Compensation Plan. Once a valid election becomes irrevocable, in accordance
with the terms and conditions of the Deferred Compensation Plan, the Member’s Supplemental Benefit shall be payable at the
time and in the form elected in accordance with the terms and conditions of the Deferred Compensation Plan, and the Company’s
obligation to pay the Member’s Supplemental Benefit under this Plan shall cease.

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ARTICLE 6.

AMENDMENT AND TERMINATION

     6.1. Amendment. The Board may amend the Plan in any respect
and at any time; provided, however, that no such amendment shall have the effect of reducing the accrued
Supplemental Benefit under Article 4 of any Member. The accrued Supplemental Benefit at the time of any amendment or Plan
termination (as described in Section 6.2) is the amount contingently payable under Article 4, if all factors used in
determining the benefit of a Member remained constant until the date the Supplemental Benefit is paid, but subject to
diminution resulting from any subsequent increases in a Member’s benefit under the Retirement Plan. Notwithstanding
the foregoing, any amendment to the Plan which (i) is necessary or advisable to effect changes approved by the Board, (ii)
makes changes required by applicable law, (iii) adopts technical or clarifying amendments or (iv) does not in any significant
respect increase benefits or cost to the Company may be
made by the Committee.

     6.2. Termination. The Board may terminate the Plan at any time. In the event of a Plan termination (whether through an amendment to the Plan or otherwise), each Member shall be fully vested in such Member’s accrued Supplemental Benefit as of the date of the termination of the Plan. In the event of a termination of the Plan, the accrued Supplemental Benefit of a Member shall be paid either (a) following a Member’s Separation from Service or, if applicable, the Member’s death, in accordance with the terms of the Plan; or (b) if the Board so elects, on a date following the termination of the Plan specified by the Board, but only to the extent that such accelerated payment results in Section 409A Compliance.

     6.3. Section 409A Compliance. Effective for Terminations of
Employment occurring on or after the Effective Date, if, at the time of the Member’s Separation from Service, the Member is
a Specified Employee, then, solely to the extent necessary for Section 409A Compliance (as defined below), any amounts payable to
the Member under the Plan during the period beginning on the date of the Member’s Separation from Service and ending on the
six-month anniversary of such date shall be delayed and not paid to the Member until the first business day following such
sixth-month anniversary date, at which time such delayed amounts will be paid to the Member in a cash lump sum (the
“Catch-up Amount”). If payment of an amount is delayed as a result of this Section 6.3, such amount shall
be increased with interest from the date on which such amount would otherwise have been paid to the Member but for this Section
6.3 to the day prior to the
date the Catch-up Amount is paid. The annual rate of interest shall be the Interest Credit (as defined in the Retirement Plan) in effect for the month in which occurs the date of the Member’s Separation from Service. Such interest shall be paid at the same time that the Catch-up Amount is paid. If a Member dies on or after the date of the Member’s Separation from Service and prior to the payment of the Catch-up Amount, any amount delayed pursuant to this Section 6.3 shall be paid to the Member’s Beneficiary (together with interest) within thirty days following the date of the Member’s death.

            If any provision of this Plan would, in the reasonable, good faith judgment of the Committee, result or likely result in the imposition on a Member or any other person of a penalty tax under Section 409A of the Code, the Committee may modify the terms of the Plan, without the consent of any Member, in the manner that the Committee may reasonably and in good faith

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determine to be necessary or advisable to avoid the imposition of such penalty tax (“Section 409A Compliance”); provided, however, that any such reformation shall, to the maximum extent the Committee reasonably and in good faith determines to be possible, retain the economic and tax benefits to the affected Member hereunder while not materially increasing the cost to the Company of providing such benefits to the Member.

ARTICLE 7.

CLAIMS PROCEDURES

     7.1. Initial Claims. All claims for benefits under the Plan shall be submitted
in writing to the Senior Vice President of Compensation and Benefits or such individual’s delegate (the “Claims
Reviewer”) who shall review and consider the merits of the claim. Written notice of the Claims Reviewer's decision
regarding the application for benefits shall be furnished to the claimant within ninety days after receipt of the
claim; provided, however, that, if special circumstances require an extension of time for processing the claim, an
additional ninety days from the end of the initial period shall be allowed for processing the claim, in which event the claimant
shall be furnished with a written notice of the extension prior to the termination of the initial ninety-day period indicating the
special circumstances requiring an extension and the date by which it is anticipated that a decision will be made. Any written notice
denying a claim shall set forth the reasons for the denial, including specific reference to pertinent provisions of the Plan on which the denial is based, a description of any additional information necessary to perfect the claim and information regarding review of the claim and its denial, including a statement that the claimant may bring a civil action under Section 502(c) of ERISA if the claim is denied on appeal.

     7.2. Appeals of Decisions. A claimant may review all relevant
documents and may request a review by the Committee of a decision denying the claim. Such a request shall be made in writing and filed
with the Committee within sixty days after delivery to the claimant of written notice of the decision of the Claims Reviewer.
Such written request for review shall contain all additional information that the claimant wishes the Committee to consider. The
Committee may hold a hearing or conduct an independent investigation, and the decision on review shall be made as soon as possible
after the Committee’s receipt of the request for review. Written notice of the decision on review shall be furnished to the claimant within sixty days after receipt by the Committee of a request for review, unless special circumstances require an extension of time for processing, in which event an additional sixty days shall be allowed for review. If such an extension of
time for processing is required because of special circumstances, written notice of the extension shall be furnished prior to the commencement of the extension describing the reasons an extension is needed and the date when it is anticipated that the determination will be made. Written notice of the decision on review shall include specific reasons for the decision, including the relevant information described in Section 7.1 with respect to the initial denial and a statement that the claimant may review, upon request, copies of all documents relevant to the claimant’s claim.

     7.3. Finality. For all purposes under the Plan, such decision by the Claims Reviewer on claims (where no review is requested) and such decision by the Committee on review (where review is requested) shall be final, conclusive and binding on all interested persons as to

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participation and benefits eligibility, the amount of benefits and any other matter of fact or interpretation relating to the Plan.

     7.4. Statute of Limitations. A claimant wishing to seek judicial review of an adverse benefit determination under the Plan, whether in whole or in part, must file any suit or legal action, including, without limitation, a civil action under Section 502(a) of ERISA, within one year of the date the final decision on the adverse benefit determination on review is issued or should have been issued under Section 7.2 or lose any rights to bring such an action. If any such judicial proceeding is undertaken, the evidence presented shall be strictly limited to the evidence timely presented to the Committee. Notwithstanding anything in the Plan to the contrary, a claimant must exhaust all administrative remedies available to such claimant under the Plan before such claimant may seek judicial review pursuant to Section 502(a) of ERISA.

ARTICLE 8.

MISCELLANEOUS

     8.1. No Assignment. No person entitled to a benefit under the Plan shall have any power to assign, transfer, pledge, hypothecate or otherwise encumber the right to receive such payment and any attempt to do so shall be void and will not be recognized by the Committee.

     8.2. Withholding. The Employer making a payment under the Plan shall withhold therefrom such amounts as may be required by federal, state or local law, and the amount payable to any person under the Plan shall be reduced by the amounts so withheld.

     8.3. No Right to Continued Employment. Nothing in this Plan shall be construed to confer upon any person any legal right to be continued as an employee of the Employer and each Employer expressly reserves the right to discharge any employee whenever the interest of the Employer in its sole judgment may so require, without any liability on the part of the Company, the Employer or the Committee.

     8.4. Obligations. The Plan shall be binding upon and inure to the benefit of the Company, the Employers, their successors and each Member and his heirs, executors, administrators and legal representatives.

     8.5. Governing Law. Except to the extent federal law applies, the Plan shall be construed and administered in accordance with the laws of the State of New York.

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IN WITNESS WHEREOF, I, _________________, a member of the Employee Benefit Plans Committee of the CIT Group Inc., do hereby certify that the attached Plan, as amended and restated as of January 1, 2008, has been adopted by unanimous written consent of the members of the Employee Benefit Plans Committee on the ____ day of May, 2008. This amendment and restatement of the Plan has been executed the ____ day of May, 2008.

By: __________________________

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