Document:

Re-established Retirement Plan for Salaried Employees

 Exhibit 10.1 
 RE-ESTABLISHED RETIREMENT PLAN FOR SALARIED EMPLOYEES 
 OF KEWAUNEE
SCIENTIFIC CORPORATION 
 (As Amended and Restated Effective as of May 1, 2012) 

 RE-ESTABLISHED RETIREMENT PLAN FOR SALARIED EMPLOYEES 

OF KEWAUNEE SCIENTIFIC CORPORATION 
 (As Amended and Restated Effective as of May 1, 2012) 
 WHEREAS, prior
to April 30, 1985, Kewaunee Scientific Corporation (the “Company”), formerly known as Kewaunee Scientific Equipment Company, maintained the Kewaunee Scientific Equipment Corporation Salaried Employees’ Retirement Plan, which was
terminated effective April 30, 1985, and replaced, effective as of May 1, 1985, with the Re-established Retirement Plan for Salaried Employees of Kewaunee Scientific Equipment Corporation, which was amended and restated in its entirety
effective as of May 1, 1989, in order to comply with the Tax Reform Act of 1986, and renamed effective as of May 1, 1991, as the “Re-Established Retirement Plan for Salaried Employees of Kewaunee Scientific Corporation” (the
“Plan”), and was again amended and restated effective as of May 1, 1989, in order to comply with the Tax Reform Act of 1986; and 
 WHEREAS, the Company subsequently restated the Plan in its entirety to incorporate certain design changes and to incorporate the requirements of the Internal Revenue Code of 1986, as amended (the
“Code”) and the Employee Retirement Income Security Act of 1974 (“ERISA”) as amended by Congress’ enactment of the Uniformed Services Employment and Reemployment Rights Act of 1994, the General Agreement on Tariffs and
Trades Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, the Internal Revenue Service Restructuring and Reform Act of 1998, the Community Renewal Tax Relief Act of 2000, the Economic Growth and Tax Relief
Reconciliation Act of 2001, and to make other necessary changes; and 
 WHEREAS, effective April 30, 2005, the Plan
was frozen and all benefits accrued to date pursuant to Articles V and VI of the Plan were frozen and each Participant’s Accrued Benefit became one hundred percent (100%) vested; and 

WHEREAS, the Company again restated the Plan, effective as of May 1, 2007, to incorporate the changes reflected in the 2006
Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2007-3, which specifically lists changes to the Code and ERISA made by the Economic Growth and Tax Relief Reconciliation Act of 2001 (with technical
changes made by the Job Creation and Worker Assistance Act of 2002), the Pension Funding Equity Act of 2004, the American Jobs Creation Act of 2004, the Gulf Opportunity Zone Act of 2005, and certain changes under the Pension Protection Act of 2006;
and 
 WHEREAS, the Company now desires to amend and restate the Plan in its entirety to incorporate the changes
reflected in the 2011 Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2011-97, which specifically lists changes to the Code and ERISA made by the Pension Protection Act of 2006, the U.S. Troop
Readiness, Veterans’ Care, Katrina Recovery and Iraq Accountability Appropriations Act of 2007, the Heroes Earnings Assistance and Relief Tax Act of 2008, the Small Business Jobs Act of 2010, and the Preservation of Access to Care for Medicare
Beneficiaries and Pension Relief Act of 2010, and to satisfy benefit limitations as set forth pursuant to Section 436 of the Code, which requires funding-based limits and benefit accruals under single-employers plans, and to make other
necessary changes; and 

  
 iii

 NOW, THEREFORE, pursuant to the power reserved to the Company by the Company’s
Board of Directors, and pursuant to the authority delegated to the undersigned by resolutions of the Company’s Board of Directors, the Plan is hereby amended and restated effective as of May 1, 2012, as follows. 

IN WITNESS WHEREOF, the Company has caused these presents to be signed on its behalf by its officers duly authorized, this 30 day
of May, 2012. 
  

			
	KEWAUNEE SCIENTIFIC CORPORATION
		
	By:	 	/s/ Michael Parker
	The Senior Vice President of Finance for the
	Board of Directors

  
 iv 

 CERTIFICATE 
 The attached document is an accurate and complete copy of the RE-ESTABLISHED RETIREMENT PLAN FOR SALARIED EMPLOYEES OF KEWAUNEE SCIENTIFIC CORPORATION as amended and restated effective as of May 1,
2012. 
 Dated this 30 of May, 2012. 

 

			
	KEWAUNEE SCIENTIFIC CORPORATION
		
	By:	 	 /s/ Michael Parker

	The Senior Vice President of Finance for the
	Board of Directors
		
		 	(Seal)

  
 v 

 RE-ESTABLISHED RETIREMENT PLAN FOR SALARIED EMPLOYEES 

OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 TABLE OF CONTENTS 
  

									
	 	 	 	 	 	  	Page	 
		
	ARTICLE I INTRODUCTION	  	 	1	  
				
		 	 1.1
	 	History of the Plan	  	 	1	  
		 	 1.2
	 	Plan Objectives	  	 	1	  
		
	ARTICLE IA SPECIAL PROVISION AND PLAN FREEZE	  	 	2	  
	ARTICLE II DEFINITIONS	  	 	3	  
				
		 	 2.1
	 	Accrued Benefit	  	 	3	  
		 	 2.2
	 	Actuarial (or Actuarially) Equivalent	  	 	3	  
		 	 2.3
	 	Anniversary Date	  	 	3	  
		 	 2.4
	 	Beneficiary	  	 	3	  
		 	 2.5
	 	Benefit Commencement Date	  	 	3	  
		 	 2.6
	 	Board	  	 	3	  
		 	 2.7
	 	Break in Service	  	 	3	  
		 	 2.8
	 	Childbirth Leave Hours	  	 	4	  
		 	 2.9
	 	Code	  	 	4	  
		 	 2.10
	 	Committee	  	 	4	  
		 	 2.11
	 	Company	  	 	4	  
		 	 2.12
	 	Compensation	  	 	5	  
		 	 2.13
	 	Date of Distribution	  	 	6	  
		 	 2.14
	 	Distribution Calendar Year	  	 	6	  
		 	 2.15
	 	Effective Date	  	 	6	  
		 	 2.16
	 	Employee	  	 	6	  
		 	 2.17
	 	Employer	  	 	7	  
		 	 2.18
	 	Entry Date	  	 	7	  
		 	 2.19
	 	ERISA	  	 	7	  
		 	 2.20
	 	Final Average Compensation	  	 	7	  
		 	 2.21
	 	Highly Compensated Employee	  	 	7	  
		 	 2.22
	 	Hour of Service	  	 	8	  
		 	 2.23
	 	Key Employee	  	 	10	  
		 	 2.24
	 	Key Employee Test Period	  	 	11	  
		 	 2.25
	 	Leave of Absence	  	 	11	  
		 	 2.26
	 	Non-Key Employee	  	 	11	  
		 	 2.27
	 	Normal Retirement Age	  	 	11	  
		 	 2.28
	 	Normal Retirement Date	  	 	11	  
		 	 2.29
	 	Participant	  	 	11	  
		 	 2.30
	 	Pension	  	 	11	  
		 	 2.31
	 	Plan Year	  	 	11	  

  
 vi 

									
		 	 2.32
	 	Primary Social Security Benefit	  	 	11	  
		 	 2.33
	 	Qualified Domestic Relations Order	  	 	12	  
		 	 2.34
	 	Related Company	  	 	13	  
		 	 2.35
	 	Retirement	  	 	13	  
		 	 2.36
	 	Retroactive Annuity Starting Date	  	 	13	  
		 	 2.37
	 	Top-Heavy Determination Date	  	 	13	  
		 	 2.38
	 	Top-Heavy Year	  	 	13	  
		 	 2.39
	 	Transfer	  	 	15	  
		 	 2.40
	 	Trust Fund	  	 	15	  
		 	 2.41
	 	Trustee	  	 	15	  
		 	 2.42
	 	Year of Service	  	 	15	  
		
	ARTICLE III PARTICIPATION AND VESTING	  	 	16	  
				
		 	 3.1
	 	Eligibility to Participate	  	 	16	  
		 	 3.2
	 	Duration of Participation	  	 	16	  
		 	 3.3
	 	Participation upon Re-Employment	  	 	16	  
		
	ARTICLE IV FACTORS USED IN DETERMINING PLAN BENEFITS	  	 	17	  
				
		 	 4.1
	 	Credited Service	  	 	17	  
		 	 4.2
	 	Vesting Service	  	 	18	  
		 	 4.3
	 	Vesting Date	  	 	18	  
		 	 4.4
	 	Break in Service	  	 	18	  
		 	 4.5
	 	Transfers	  	 	18	  
		
	ARTICLE V REQUIREMENTS FOR PENSIONS	  	 	20	  
				
		 	 5.1
	 	Normal Retirement	  	 	20	  
		 	 5.2
	 	Early Retirement	  	 	20	  
		 	 5.3
	 	Deferred Vested Pension	  	 	20	  
		 	 5.4
	 	Deferred Vested Pension in Top-Heavy Years	  	 	20	  
		 	 5.5
	 	Vesting Following Plan Amendment	  	 	20	  
		 	 5.6
	 	Freeze of Accrued Benefits	  	 	21	  
		 	 5.7
	 	Military Service	  	 	21	  
		
	ARTICLE VI AMOUNT OF PENSIONS	  	 	22	  
				
		 	 6.1
	 	Benefits Generally	  	 	22	  
		 	 6.2
	 	Normal Retirement Pension	  	 	22	  
		 	 6.3
	 	Early Retirement Pension	  	 	23	  
		 	 6.4
	 	Deferred Vested Pension	  	 	23	  
		 	 6.5
	 	Maximum Pensions	  	 	23	  
		 	 6.6
	 	Additional Restrictions	  	 	30	  
		 	 6.7
	 	Conditions Affecting Pensions	  	 	31	  
		 	 6.8
	 	Minimum Benefits in Top-Heavy Years	  	 	32	  
		 	 6.9
	 	Payment of Incorrect Pension Amount	  	 	32	  

  
 vii

									
		 	 6.10
	 	 Limitations Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than 80% or if the Company is
in Bankruptcy
	  	 	32	  
		
	ARTICLE VII FORM AND PAYMENT OF PENSIONS	  	 	40	  
				
		 	 7.1
	 	Payment of Pensions	  	 	40	  
		 	 7.2
	 	Other Survivorship Benefits	  	 	41	  
		 	 7.3
	 	Optional Forms of Benefits	  	 	42	  
		 	 7.4
	 	Election Procedures	  	 	42	  
		 	 7.5
	 	Small Pensions	  	 	44	  
		 	 7.6
	 	Designation of Beneficiaries	  	 	46	  
		 	 7.7
	 	Benefit Commencement Date	  	 	47	  
		 	 7.8
	 	Employment after Normal Retirement Age	  	 	47	  
		 	 7.9
	 	Retroactive Annuity Starting Date	  	 	48	  
		 	 7.10
	 	Required Minimum Distributions	  	 	49	  
		
	ARTICLE VIII APPLICATION FOR BENEFITS, CLAIMS PROCEDURE AND GENERAL PROVISIONS	  	 	53	  
				
		 	 8.1
	 	Advance Written Applications Required	  	 	53	  
		 	 8.2
	 	Information Required	  	 	53	  
		 	 8.3
	 	Denial of Benefits	  	 	53	  
		 	 8.4
	 	Review Procedure	  	 	53	  
		 	 8.5
	 	Responsibility for Correctness of Address	  	 	54	  
		 	 8.6
	 	Payments for Incompetents	  	 	54	  
		 	 8.7
	 	Non-Alienation of Benefits	  	 	54	  
		
	ARTICLE IX ADMINISTRATIVE COMMITTEE AND PLAN ADMINISTRATOR	  	 	56	  
				
		 	 9.1
	 	Appointment of Committee	  	 	56	  
		 	 9.2
	 	Committee Actions	  	 	56	  
		 	 9.3
	 	Resignation or Removal of Committee Member	  	 	56	  
		 	 9.4
	 	Powers and Duties of Committee	  	 	57	  
		 	 9.5
	 	Discharge of Fiduciary Responsibilities	  	 	58	  
		 	 9.6
	 	Records Required	  	 	58	  
		 	 9.7
	 	Indemnification	  	 	58	  
		 	 9.8
	 	Liability of Committee	  	 	58	  
		 	 9.9
	 	Plan Administrator	  	 	58	  
		
	ARTICLE X CONTRIBUTIONS AND FUNDING	  	 	59	  
				
		 	 10.1
	 	General	  	 	59	  
		 	 10.2
	 	Amount of Contributions	  	 	59	  
		 	 10.3
	 	Payment of Contributions	  	 	59	  
		 	 10.4
	 	Time for Payment	  	 	59	  
		 	 10.5
	 	Forfeitures	  	 	59	  
		 	 10.6
	 	Payment of Benefits and Expenses	  	 	59	  
		 	 10.7
	 	Participant Contributions	  	 	59	  

  
 viii

									
		
	ARTICLE XI EMPLOYEE RIGHTS	  	 	60	  
				
		 	 11.1
	 	Benefits of Participants and Beneficiaries	  	 	60	  
		 	 11.2
	 	Protection from Reprisal	  	 	60	  
		 	 11.3
	 	Non-Guarantee of Employment	  	 	60	  
		 	 11.4
	 	Nonforfeitability of Benefits	  	 	60	  
		 	 11.5
	 	No Decrease in Benefits	  	 	60	  
		
	ARTICLE XII AMENDMENT AND TERMINATION	  	 	61	  
				
		 	 12.1
	 	Permanency	  	 	61	  
		 	 12.2
	 	Amendments	  	 	61	  
		 	 12.3
	 	Permanent Discontinuance of Contributions	  	 	61	  
		 	 12.4
	 	Termination	  	 	62	  
		 	 12.5
	 	Partial Termination	  	 	62	  
		 	 12.6
	 	Liquidation of Trust Fund	  	 	62	  
		 	 12.7
	 	Allocation Procedures	  	 	63	  
		 	 12.8
	 	Distribution Procedures	  	 	65	  
		 	 12.9
	 	Residual Amounts	  	 	65	  
		 	 12.10
	 	Merger, Consolidation or Transfer of Assets or Liabilities	  	 	65	  
		 	 12.11
	 	Freeze of Plan	  	 	65	  
		
	ARTICLE XIII NO REVERSION TO EMPLOYER	  	 	66	  
				
		 	 13.1
	 	Trust Fund Recovery	  	 	66	  
		
	ARTICLE XIV MULTIPLE EMPLOYERS	  	 	67	  
	ARTICLE XV MISCELLANEOUS	  	 	68	  
				
		 	 15.1
	 	Limitation of Liability	  	 	68	  
		 	 15.2
	 	Reference to Other Documents	  	 	68	  
		 	 15.3
	 	Governing Law	  	 	68	  
		 	 15.4
	 	Severability	  	 	68	  
		 	 15.5
	 	Litigation	  	 	68	  
		 	 15.6
	 	Conformance with Code and ERISA	  	 	68	  
		 	 15.7
	 	Adequacy of Evidence	  	 	69	  
		 	 15.8
	 	Waiver of Notice	  	 	69	  
		 	 15.9
	 	Successors	  	 	69	  
		 	 15.10
	 	Validity of Actions	  	 	69	  

  
 ix 

 RE-ESTABLISHED RETIREMENT PLAN FOR SALARIED EMPLOYEES 

OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 (As Amended and Restated Effective as of May 1, 2012) 
 ARTICLE I

 INTRODUCTION 
 1.1 History of the Plan. Prior to April 30, 1985, Kewaunee Scientific Corporation, a Delaware Corporation (previously known as Kewaunee Scientific Equipment Corporation) maintained a defined
benefit pension plan for the benefit of certain of its salaried employees known as the Kewaunee Scientific Equipment Corporation Salaried Employees’ Retirement Plan (the “Prior Plan”). On April 30, 1985, Kewaunee Scientific
Corporation terminated the Prior Plan and effective May 1, 1985, adopted the Re-established Retirement Plan for Salaried Employees of Kewaunee Scientific Equipment Corporation (the “Plan”). The Plan was amended and restated effective
as of May 1, 1989, to comply with the Tax Reform Act of 1986. Effective as of May 1, 1991, the Plan was further amended and restated, and was renamed the “Re-established Retirement Plan for Salaried Employees of Kewaunee Scientific
Corporation,” and subsequently amended and restated to further comply with the Tax Reform Act of 1986, effective as of May 1, 1989. The Plan was later amended and, effective as of May 1, 2001, amended and restated in its entirety to
incorporate certain desired design changes and changes to the applicable provisions of the Internal Revenue Code of 1986, as amended (the “Code”) and the Employee Retirement Income Security Act of 1974 (“ERISA). The Plan was again
amended and, effective as of May 1, 2007, amended and restated to incorporate the applicable changes reflected in the 2006 Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2007-3, which
specifically lists changes to the Code and ERISA made by the Economic Growth and Tax Relief Reconciliation Act of 2001 (with technical changes made by the Job Creation and Worker Assistance Act of 2002), the Pension Funding Equity Act of 2004, the
America Jobs Creation Act of 2004, the Gulf Opportunity Zone Act of 2005, and certain changes under the Pension Protection Act of 2006. The Plan was subsequently amended and, effective as of May 1, 2012, is hereby amended and restated in its
entirety to incorporate to incorporate the changes reflected in the 2011 Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2011-97, which specifically lists changes to the Code and ERISA made by the
Pension Protection Act of 2006, the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery and Iraq Accountability Appropriations Act of 2007, the Heroes Earnings Assistance and Relief Tax Act of 2008, the Small Business Jobs Act of 2010, and
the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, and to satisfy benefit limitations as set forth pursuant to Section 436 of the Code, which requires funding-based limits and benefit accruals under
single-employers plans, and to make other necessary changes. 
 1.2 Plan Objectives. The Plan is maintained by Kewaunee
Scientific Corporation to provide retirement benefits for the employees of the Employer who were participants under the Prior Plan and certain other salaried employees of the Employer and any other organization which may adopt the Plan, and is
intended to be a defined benefit pension plan as such term is defined in Treasury Regulation Section 1.401-1(b). 

 ARTICLE IA  

SPECIAL PROVISION AND PLAN FREEZE 
 Effective as of April 30, 2005, the Plan is frozen. The existence of the Plan and Trust subsequent to April 30, 2005 will be solely for the purpose of continuing to hold and invest the assets of
the Plan until such amounts are distributed to Participants and Beneficiaries pursuant to the terms and conditions of the Plan. Effective as of April 30, 2005, all benefits accrued to date pursuant to Articles V and VI of the Plan shall be
frozen and each Participant’s Accrued Benefit shall become one hundred percent (100%) vested. No Employees or other persons shall become Participants in the Plan on or after April 30, 2005. This Article IA shall apply as of
April 30, 2005. To the extent of any conflict with existing provisions of the Plan, this Article IA shall supersede such provisions. 

  
 2 

 ARTICLE II 
 DEFINITIONS 
 When used herein, the following words and terms shall
have the respective meanings hereinafter set forth, unless a different meaning is clearly required by the context. Whenever appropriate, words used in the singular shall be deemed to include the plural, and vice versa, and the masculine gender shall
be deemed to include the feminine gender, and vice versa, unless a different meaning is clearly required by the context. 
 2.1
Accrued Benefit. The monthly amount payable to a Participant at his Normal Retirement Age as determined in accordance with the provisions of Section 6.2, considering the Participant’s Years of Credited Service and his Final Average
Compensation at the Benefit Commencement Date. 
 2.2 Actuarial (or Actuarially) Equivalent. Equality in present value in
the aggregate amounts expected to be received under different forms of payment, based on actuarial assumptions selected, from time to time, by an actuary. The actuarial assumptions used in the Plan are set forth in Exhibit A attached hereto and made
a part hereof. In the event that the actuarial assumptions set forth in Exhibit A shall be changed, the Actuarial Equivalent of a Participant’s Accrued Benefit on or after the date of such amendment shall be equal to the greater of (a) the
Actuarial Equivalent of his Accrued Benefit as of such date computed on the basis of the prior actuarial assumptions or (b) the Actuarial Equivalent of his Accrued Benefit as of the date of the Participant’s Retirement computed on the
basis of the new actuarial assumptions. Effective January 1, 1997, for purposes of determining the Actuarial Equivalent of lump sum distributions the rules of Section 7.5(c) shall govern and control. 

2.3 Anniversary Date. The last day of each Plan Year. 
 2.4 Beneficiary. Any person (natural or otherwise) entitled to receive any benefits which may become payable upon or after a Participant’s death. 

2.5 Benefit Commencement Date. The first date for which a Participant’s benefit is paid even if payment does not actually
commence on such date, as determined in accordance with the provisions of Section 7.8. 
 2.6 Board. The Board of
Directors of the Company. 
 2.7 Break in Service. 

(a) Except as otherwise provided under paragraphs (b) and (c), a period of one or more consecutive Plan Years during which an
Employee has not completed more than 500 Hours of Service with the Company and all Related Companies. An Employee shall not incur a Break in Service solely because he fails to complete more than 500 Hours of Service with the Company and all Related
Companies during the 12-month computation period beginning on his employment commencement date. 

  
 3 

 (b) Notwithstanding the provisions of paragraph (a), a Plan Year shall not be included in a
Break in Service if the sum of the Employee’s Hours of Service completed during such Plan Year plus the Employee’s Childbirth Leave Hours (as defined in Section 2.8) attributable to such Plan Year exceeds 500. 

(c) Notwithstanding the provisions of paragraph (a), effective December 12, 1994, a Plan Year shall not be included in a Break in
Service if the Employee would have completed at least 500 Hours of Service but for a Leave of Absence resulting from required service in the armed forces of the United States, or a Leave of Absence to which the Employee is entitled under the Family
and Medical Leave Act of 1993, provided that such Employee returns to the Company within the period of time required for his re-employment rights to be protected by applicable law. 

2.8 Childbirth Leave Hours. 
 (a) An Employee’s Childbirth Leave Hours shall be the number of Hours of Service (but not in excess of 501 for any one continuous period of absence) which the Employee would have completed but for
the fact that the Employee is absent from the employment of the Employer, the Company, and all Related Companies: (i) by reason of the pregnancy of the Employee, (ii) by reason of the birth of a child of the Employee, (iii) by reason
of the placement of a child with the Employee in connection with the adoption of such child by the Employee, or (iv) for purposes of caring for such child for a period beginning immediately following such birth or placement; provided, however,
that in the case of any Employee with respect to whom it is not possible to determine the number of Hours of Service which such Employee would have completed but for such absence, such Employee shall be credited with 45 Childbirth Leave Hours for
each work week of such absence; and further provided that an hour which is considered an Hour of Service shall not also be considered a Childbirth Leave Hour. 
 (b) All Childbirth Leave Hours for any period of absence shall be attributed to the Plan Year during which such period of absence begins if the result of such attribution is to prevent such Plan Year from
being considered a Break in Service; otherwise, all Childbirth Leave Hours shall be attributed to the immediately following Plan Year. 
 (c) The Committee shall adopt regulations under which an Employee may be required to furnish reasonable information on a timely basis establishing the number of Childbirth Leave Hours to which such
Employee is entitled with respect to any period of absence from employment, and any Employee who fails to furnish such information with respect to any period of absence shall not be credited with any Childbirth Leave Hours for such period of
absence. 
 2.9 Code. The Internal Revenue Code of 1986, as now in effect or as hereafter amended, and any regulation
issued pursuant thereto by the Internal Revenue Service. 
 2.10 Committee. The Committee appointed by the Employer
pursuant to the provisions of Article IX to administer the Plan. 
 2.11 Company. Kewaunee Scientific Corporation, a
Delaware corporation, and its successors. 

  
 4 

 2.12 Compensation. 

(a) Compensation means total cash compensation for the applicable calendar year for services rendered to an Employer by a Participant
during such year that is subject to federal income tax withholding (determined without regard to any rule exempting compensation from withholding based on the nature or location of employment or the services performed), including overtime pay,
severance pay paid as a result of a Participant’s termination of employment, bonuses, commissions, contributions to the Kewaunee Scientific Corporation Executive Deferred Compensation Plan, and the Participant’s salary reduction or salary
conversion contributions under any defined contribution plan, Section 401(k) plan, effective May 1, 1998, qualified transportation fringe benefit arrangement under Section 132(f)(4) of the Code, simplified employee pension or
Section 125 cafeteria program maintained by an Employer, but excluding reimbursement and expense allowances, fringe benefits (cash and non-cash), moving expenses, deferred compensation and welfare benefits, including the following: 

 

	 	(i)	Any amounts contributed by an Employer for the Participant’s benefit to this Plan or any other profit sharing, pension, stock bonus or other retirement or benefit
plan maintained by an Employer other than the salary reduction, conversion contributions or other contributions described above; 

  

	 	(ii)	Any reimbursements for travel expenses, relocation allowances, educational assistance allowances and other allowances; 

 

	 	(iii)	Any compensation paid or payable to the Participant, or to any governmental body or agency on account of the Participant, under the terms of any state, federal or
municipal law requiring the payment of such compensation because of the Participant’s voluntary or involuntary termination of employment with the Employer; and 

(b) For purposes of paragraphs (a) and (c), effective as of December 12, 1994, a Participant who is on a Leave of Absence due
to service in the armed forces of the United States, and who returns to service with an Employer on or before the date on which his right to reemployment is protected is protected under the Uniformed Services Employment and Reemployment Rights Act
of 1994, shall be deemed to have received Compensation during such Leave of Absence based on the rate of pay the Participant would have received during such Leave of Absence, or if such rate is not reasonably certain, based on his average
Compensation during the 12-month period (or, if shorter, the total period of employment) immediately preceding the Leave of Absence. 
 (c) For purposes of determining a Participant’s Accrued Benefit, the Compensation which shall be taken into consideration in any calendar year shall not exceed $200,000 ($170,000 prior to
January 1, 2002), as determined and adjusted pursuant to Sections 401(a)(17) and 415(d) of the Code. Effective January 1, 2002, the Committee, in its sole discretion, may retroactively apply the $200,000 Compensation limitation under
Section 401(a)(17) of the Code, in accordance with the applicable provisions of the Code and other applicable law. 

  
 5 

 (d) Anything contained herein to the contrary notwithstanding, for purposes of determining
any Participant’s Accrued Benefit, effective as of and after April 30, 2005, the Compensation to be taken into account shall be the amount of the Participant’s Compensation on April 30, 2005. 

2.13 Date of Distribution. The date the Participant’s benefit under Section 7.9 of the Plan commences based upon the
Participant’s (with his spouse’s consent, if applicable) election of a Retroactive Annuity Starting Date. 
 2.14
Distribution Calendar Year. A calendar year for which a minimum distribution is required. For distributions beginning before the Participant’s death, the first Distribution Calendar Year is the calendar year immediately preceding the
calendar year which contains the Participant’s required beginning date (within the meaning of Section 7.10. For distributions beginning after the Participant’s death, the first Distribution Calendar Year is the calendar year in which
distributions are required to begin pursuant to Section 7.10. 
 2.15 Effective Date. The Effective Date of the
provisions of this amendment and restatement of the Plan is May 1, 2012, except as otherwise expressly set forth herein. 

2.16 Employee. Any person employed by and receiving Compensation for services rendered to an Employer, the Company or any Related
Company as a common law employee in the form of a salary, but excluding any director not otherwise regularly employed by an Employer. The term “Employee” shall also include any person (a “Leased Employee”) who performs services
for the Employer, the Company or any Related Company on a substantially full-time basis under the primary direction and control of the Employer (prior to May 1, 1997, the preceding phrase is replaced by “such services are of a type
historically performed in the business field of the recipient, by Employees”) the Company or any Related Company pursuant to an agreement between the Employer, the Company or such Related Company and any third person (the “Leasing
Organization”), unless: 
 (a) the Leased Employee is covered by a money purchase pension plan maintained by the Leasing
Organization and providing for contributions equal to at least 10% of the Leased Employee’s compensation (without regard to integration with Social Security) providing for full and immediate vesting of all such contributions and, providing that
each employee of the Leasing Organization (other than employees who perform substantially all of their services for the Leasing Organization) immediately participate in such plan (other than employees whose compensation from the Leasing Organization
for each of the plan years in the four plan year period ending with the plan year under determination is less than $1,000); and 

(b) persons who would be Leased Employees but for this sentence do not comprise more than 20% of the number of Employees (excluding
Leased Employees) who have performed services for the Employer, the Company or a Related Company on a substantially full-time basis for at least one year and persons who would be Leased Employees but for this sentence, excluding in each case any
Highly Compensated Employee. 
 For purposes of Article III, a Leased Employee shall not be considered to be an Employee until he has provided
such services to the Employer, the Company or a Related Company for at least one year, but thereafter the Leased Employee’s Years of Service shall be determined on the basis 

  
 6 

 
of the entire period that the Leased Employee has performed services for any such persons. Solely for purposes of the definition of Leased Employee, the term “Related Company” should
also include any person related to the Employer, the Company or a Related Company within the meaning of Section 144(a)(3) of the Code. 
 2.17 Employer. The term “Employer” shall include the Company and any Related Company that adopts the Plan for the exclusive benefit of its eligible employees. Anything to the contrary
notwithstanding, a mere change in the identity, form or organization of an Employer shall not affect its status under the Plan in any manner and, if the corporate name of an Employer is hereafter changed, all references herein to the Employer shall
be deemed to refer to the Employer as it is then known. Provided, however, an Employer other than the Company that ceases to be a Related Company shall not be eligible to continue as a participating Employer without the express written consent of
the Company. 
 2.18 Entry Date. The first day of May and the first day of November of each Plan Year. 

2.19 ERISA. The Employee Retirement Income Security Act of 1974, as now in effect or as hereafter amended, and any regulation
issued pursuant thereto by the Internal Revenue Service, the Department of Labor or the Pension Benefit Guaranty Corporation. 

2.20 Final Average Compensation. The Participant’s average annual Compensation for the ten consecutive calendar years of his
employment with the Employer preceding his or her Retirement Date. Compensation attributable to periods when the Participant was not an Employee is disregarded. If an Employee was a participant for less than ten consecutive calendar years, his or
her Final Average Compensation shall be the average of his or her annual Compensation for his or her actual years of employment with the Employer. 
 2.21 Highly Compensated Employee. 
 (a) Except as otherwise provided in
this Section, effective May 1, 1997, an Employee shall be considered a Highly Compensated Employee for any Plan Year if such Employee either: 
  

	 	(i)	at any time during the Plan Year or the immediately preceding Plan Year owned more than 5%, by voting power or value, of the outstanding stock of an Employer or Related
Employer that is a corporation, or owned more than 5% of the capital or profits interest in an Employer or Related Employer that is not a corporation; or 

  

	 	(ii)	in the immediately preceding Plan Year received Compensation in excess of $80,000, as adjusted pursuant to Section 414(q)(1) of the Code for the preceding Plan
Year, disregarding whether the Employee was a member for such preceding Plan Year of the highest-paid group described in paragraph (b). 

  
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 In determining whether an Employee is a Highly Compensated Employee for the Plan Year beginning in 1997, the
rules stated above shall be treated as having been in effect for the Plan Year beginning in 1996. 
 (b)
For any Plan Year, the highest-paid group described in this paragraph (b) shall consist of the group consisting of the 20% of Employees when ranked on the basis of Compensation paid during such Plan Year. For purposes of this paragraph (b),
there shall be excluded Employees who have not completed six months of service, Employees who normally work less than 17 1/2 Hours of Service per week, Employees who normally work during not more than six months during any Plan Year,
Employees who have not attained the age of 21, and Employees covered by a collective bargaining agreement if such Employees constitute 90% or more of the total number of Employees. 

(c) A former Employee shall be treated as a Highly Compensated Employee if he was a Highly Compensated Employee (based on the definition
in effect at such time) either when his employment was terminated or at any time after attaining age 55 in accordance with Treasury Regulations Section 1.414(q)-1T, A-4 and Notice 97-45. 

(d) A nonresident alien who receives no earned income (within the meaning of Section 911(d)(2) of the Code) which constitutes income
from sources within the United States (within the meaning of Section 861(a)(3) of the Code) from an Employer or Related Employer during any Plan Year shall not be considered an Employee for such Plan Year for any purpose of this Section.

 (e) The purpose of this Section is to conform to the definition of “highly compensated employee” set forth in
Section 414(q) of the Code, as now in effect or as hereafter amended, which is incorporated herein by reference, and to the extent that this Section shall be inconsistent with Section 414(q) of the Code, either by excluding Employees who
would be classified as “highly compensated employees” thereunder or by including Employees who would not be so classified, the provisions of Section 414(q) of the Code shall govern and control. The Committee may make or revoke any
elective adjustment to the definition of Highly Compensated Employee permitted by Section 414(q) of the Code or any regulations, revenue procedures, or other guidance issued thereunder and may elect to utilize the simplified method described in
Revenue Procedure 93-42, as modified by Rev. Proc. 95-24, (with or without “snapshot day” testing), or any successor thereto. 
 2.22 Hour of Service. 
 (a) Each Employee shall be credited with an Hour of
Service for: 
  

	 	(i)	 Each hour for which he is directly or indirectly paid or entitled to payment by the Employer or the Company for the performance of duties. These hours
shall be credited to the Employee for the computation period (or periods) during which the duties are performed. In lieu of the foregoing, an Employer may on a uniform and nondiscriminatory basis for similarly situated employees, determine Hours of
Service for some or all purposes under the Plan or for similarly situated Employees, by crediting 45 Hours of Service for each week for which the Employee would be credited with

  
 8 

	 	
at least one Hour of Service under this subparagraph (a)(1). Provided, however, that use of this equivalency shall be subject to the special rules of Department of Labor Regulations Sections
2530.200b-3(e)(4) and (6) relating to payments made to an Employee not made on the basis of units of time, and in the case of periods of time which extend into two computation periods under the Plan, respectively. Provided further, that Hours
of Service shall not be determined under the above equivalency if such determination would result in discrimination prohibited under Section 401(a)(4) of the Code. 

 

	 	(ii)	Each hour (up to a maximum of 501 hours in any one continuous period) for which he is directly or indirectly paid or entitled to payment by the Employer, the Company or
any Related Company on account of a period during which no duties are performed, such as vacation, sickness, jury duty, or layoff. These hours shall be credited to the Employee for the computation period (or periods) during which payment is made or
amounts payable to the Employee become due. For purposes of this paragraph (a)(2), payment made to an Employee under an insurance policy or trust fund to which an employer contributes shall be deemed to have been paid by such employer, but no Hours
of Service shall be credited for periods during which an Employee receives payments under a plan maintained solely for the purpose of complying with an applicable worker’s compensation, unemployment compensation or disability insurance law, or
payments which solely reimburse the Employee for medical or medically related expenses. 

  

	 	(iii)	Each hour for which back pay, irrespective of mitigation of damages, has been awarded or agreed to by the Employer, the Company or any Related Company. These hours
shall be credited to the Employee for the computation period (or periods) to which the award, agreement or payment pertains rather than the computation period (or periods) to which the award, agreement or payment was made. 

(b) Solely for purposes of determining whether (i) an individual has completed a Year of Service under Section 3.1(b)(1) and is
eligible to participate in the Plan, (ii) an individual has experienced a Break in Service as defined in Section 2.7, or (iii) has five years of Vesting Service and a nonforfeitable right to his Accrued Benefit in accordance with
Section 4.2, an Employee shall be credited with an Hour of Service for each hour of service performed for a Related Company which is not an Employer. 
 (c) Any questions concerning the determination or crediting of Hours of Service shall be resolved in accordance with the Department of Labor’s ERISA regulation Section 2530.200b-2(b) and (c),
which is incorporated herein by this reference. 

  
 9 

 2.23 Key Employee. 

(a) Except as otherwise provided in this Section, an Employee shall be considered a Key Employee for any Plan Year if, at any time during
the Plan Year which contains the Top-Heavy Determination Date, he: 
  

	 	(i)	is an officer of any Employer or Related Employer whose Compensation exceeds $130,000 (as adjusted under Section 416(i)(1)(A) of the Code); or

  

	 	(ii)	owns more than 5% of the stock of an Employer or Related Employer; or 

  

	 	(iii)	owns more than 1% of the stock of an Employer or Related Employer and receives Compensation for any Plan Year in which he owns such percentage in excess of $150,000
(determined in accordance with Section 416(i)(1)(B) of the Code). 

 (b) For Plan Years beginning prior to
January 1, 2002, an Employee shall be considered a Key Employee for any Plan Year if, at any time during the Plan Year which contains the Top-Heavy Determination Date, or any of the preceding four Plan Years, he: 

 

	 	(i)	is an officer of any Employer or Related Employer whose Compensation exceeds 50% of the annual dollar limitation set forth in Section 415(b)(1)(A) of the Code;
provided, however, the number of Employees classified as Key Employees solely because they are officers shall not exceed the greater of (i) three or (ii) 10% of the largest number of Employees during any of the Years in the Key Employee
Test Period; provided, however, that in no event shall such number exceed 50; or 

  

	 	(ii)	 owns at least  1/2% of the outstanding stock of an Employer or Related Employer and receives Compensation in excess of the
annual defined contribution dollar limitation set forth in Section 415(c)(1)(A) of the Code, unless at least ten other Employees whose Compensation exceeds the annual defined contribution dollar limitation set forth in Section 415(c)(1)(A)
of the Code own during any Plan Year in the Key Employee Test Period a percentage share of the stock of the Employer or Related Employer which is greater than such Employee’s percentage share (and if applicable, as determined pursuant to the
rules under Section 416(i)(1) of the Code relating to the determination of the largest shareholder); or 

  

	 	(iii)	owns more than 5% of the stock of an Employer or Related Employer (with ownership determined in accordance with Section 416(i)(B)(i) of the Code); or

  

	 	(iv)	owns more than 1% of the stock of an Employer or Related Employer and receives Compensation for any Plan Year in which he owns such percentage in excess of $150,000
(with ownership determined in accordance with Section 416(i)(B)(ii) of the Code). 

  
 10 

 (c) The purpose of this Section is to conform to the definition of “key employee”
set forth in Section 416(i)(1) of the Code effective as of January 1, 2002 and thereafter, which is incorporated herein by reference, and to the extent that this Section shall be inconsistent with Section 416(i)(1) of the Code, either
by excluding Employees who would be classified as “key employees” thereunder or by including Employees who would not be so classified, the provisions of Section 416(i)(1) of the Code shall govern and control. 

2.24 Key Employee Test Period. Except as otherwise provided in this Section, the Key Employee Test Period will be the Plan Year
for which such determination is being made. For Plan Years beginning prior to January 1, 2002, the Key Employee Test Period is the period of five Plan Years ending with the last day of the Plan Year for which the determination as to whether an
Employee is a Key Employee is being made, or, if shorter, the total period for which the Plan and all predecessor plans have been in existence. For Plan Years beginning after December 31, 2001, the Key Employee Test Period includes the period
of five Plan Years ending with the last day of the Plan Year for which such determination is being made in the case of a distribution made for a reason other than severance from employment, death or disability. 

2.25 Leave of Absence. Authorized leave of absence, sick or disability leave, effective December 12, 1994, service in the
Armed Forces of the United States (provided that the absence is caused by war or other emergency or provided that the Employee is required to serve under the laws of conscription in time of peace) or any absence with the advance approval of the
Employer, the Company or any Related Company; provided, however, that the Employee retires or returns to work for the Employer, the Company or any Related Company within the time specified in his Leave of Absence (or, in the case of a military
absence, within the period provided by law). In granting such leaves, the Employer, the Company and any Related Company shall treat all Employees under similar circumstances alike under rules uniformly and consistently applied. 

2.26 Non-Key Employee. Any Employee who has not been a Key Employee during the Key Employee Test Period. 

2.27 Normal Retirement Age. The 65th birthday of a Participant. 

2.28 Normal Retirement Date. The first day of the month coincident with or immediately following the Participant’s Normal
Retirement Age. 
 2.29 Participant. An Employee who participates in the Plan as provided in Article III. 

2.30 Pension. A series of monthly amounts which are payable to a person who is entitled to receive benefits under the Plan.

 2.31 Plan Year. The 12-month period commencing on May 1 and ending on April 30, on the basis of which Plan
records are kept. The limitation year for purposes of Section 415 of the Code shall be the Plan Year. 
 2.32 Primary
Social Security Benefit. The estimated monthly amount payable to a Participant at age 65 (whether or not the Participant applies for and receives such amount) 

  
 11 

 
under Title II of the Social Security Act as in effect on the January 1 of the Plan Year with respect to which the calculation is being made (disregarding any retroactive changes made by
legislation enacted after such January 1). A Participant’s Primary Social Security Benefit may be determined at any time based on the assumption that his Compensation increased each year at the rate of increase in the average total wages
as reported by the Social Security Administration. 
 If the determination is made prior to the calendar year in which the Participant attains
his social security retirement age, it shall be assumed that his Compensation will continue until he attains social security retirement age at the rate he was receiving in the calendar year in which the determination is made. Increases in
Compensation after the Participant attains social security retirement age shall not be recognized. The Primary Social Security Benefit shall not adjusted to reflect changes in Title II of the Social Security Act which occur after the earliest of
(a) a Participant’s attainment of social security retirement age, (b) a Participant’s termination of employment with the Employer, or (c) the Participant’s first receipt of benefits under the Plan. Notwithstanding the
foregoing, a Participant who retires or otherwise terminates employment with a nonforfeitable right to receive a benefit under the Plan shall be entitled to have his Primary Social Security Benefit recalculated on the basis of his actual salary
history if he request such a recalculation and furnishes evidence, satisfactory to the Committee, of such actual salary history within 180 days after the later of his termination of employment or the time when he is notified of the retirement
benefit to which he is entitled. The Committee shall notify each Participant of his right to supply his actual salary history, the financial consequences of failing to supply such history and such history can be obtained from the Social Security
Administration. 
 2.33 Qualified Domestic Relations Order. 

(a) Except as provided in paragraph (b), any order (including a judgment, a decree or an approval of a property settlement agreement
entered by any court) which the Committee determines (i) is made pursuant to any state domestic relations law (including a community property law), (ii) relates to the provision of child support, alimony payments or marital property rights
of a spouse, former spouse, child or other dependent of a Participant or other person deemed financially dependent on a Participant (an “Alternate Payee”), (iii) creates or recognizes the existence of an Alternate Payee’s right,
or assigns to an Alternate Payee the right, to receive all or a portion of the benefits payable to a Participant under the Plan, and (iv) clearly specifies (A) the name and last known mailing address of the Participant and the name and
last known mailing address of the Alternate Payee covered by the order, (B) the amount or percentage of the Participant’s benefits to be paid by the Plan to each Alternate Payee, or the manner in which such amount or percentage is to be
determined, (C) the number of payments or period to which such order applies, and (D) the employee benefit plan to which such order applies. An order that otherwise satisfies the foregoing requirements will not fail to be a Qualified
Domestic Relations Order solely because the order is issued after or revises another order or Qualified Domestic Relations Order, or because of the time when the order is issued, including after the Participant’s annuity starting date or death.

 (b) An order shall in no event be considered a Qualified Domestic Relations Order if the Committee determines that such order
(i) requires the Plan to provide benefits to Alternate Payees, the actuarial present value of which in the aggregate is greater than the benefits which would otherwise have been provided to the Participant, (ii) requires the Plan to pay
benefits to an Alternate Payee, which benefits are required to be paid to a different Alternate 

  
 12 

 
Payee under another order previously determined to be a Qualified Domestic Relations Order, or (iii) requires the Plan to provide any type or form of benefit, or any option, not otherwise
provided under the Plan, except that a Qualified Domestic Relations Order may require the Trustee to distribute a portion of the Participant’s vested Accrued Benefit prior to the time the Participant has terminated his employment if the
Participant is eligible to retire and begin receiving a Pension under any of the provisions of Article V. 
 2.34 Related
Company. Any trade or business (whether or not incorporated) that is, along with the Company, a member of a controlled group of related entities (as defined in Sections 414(b) and (c) of the Code, as modified for purposes of
Section 6.5 by Section 415(h) of the Code) or a member of an affiliated service group (as defined in Section 414(m) of the Code), or that is otherwise required to be aggregated with the Company by Treasury Regulations issued under
Section 414(o) of the Code. Anything to the contrary notwithstanding, a mere change in the identity, form or organization of a Related Company shall not affect its status under the Plan in any manner and, if the corporate name of a Related
Company is hereafter changed, all references herein to such Related Company shall be deemed to refer to such Related Company as it is then known. 
 2.35 Retirement. Termination of employment for a reason other than death after a Participant has satisfied the requirements for a Pension set forth in Article V. Retirement shall be considered as
commencing on the day immediately following a Participant’s last day of employment (or the last day of a Leave of Absence, if later). 
 2.36 Retroactive Annuity Starting Date. A benefit commencement date (which constitutes the annuity starting date within the meaning of Section 417(f) of the Code) affirmatively elected by a
Participant that occurs on or before the date on which the Plan provides the written explanation of the Qualified Joint and Survivor Pension to the Participant pursuant to Section 7.4, in accordance with Section 417(a)(3) of the Code.

 2.37 Top-Heavy Determination Date. The Anniversary Date of the immediately preceding Plan Year. 

2.38 Top-Heavy Year. 
 (a) Except as otherwise provided below, a Top-Heavy Year shall be any Plan Year if, as of the Top-Heavy Determination Date for such Plan Year, the present value of the cumulative Accrued Benefits of all
Key Employees under the Plan exceeds 60% of the present value of the cumulative Accrued Benefits of all Participants under the Plan. 
 (b) Notwithstanding paragraph (a), if as of any Top-Heavy Determination Date the Employer, the Company or any Related Company has adopted any other employee plan qualified under Section 401(a) of the
Code and either (i) a Key Employee participates in the Plan and such other plan or (ii) the Plan or such other plan has satisfied the requirements of either Section 401(a)(4) or Section 410 of the Code only by treating the Plan
and such other plan as a single plan, then the Plan Year shall be considered a Top-Heavy Year if and only if the present value of the cumulative Accrued Benefits of all Key Employees under the Plan and the present value of the cumulative benefits
accrued by all Key Employees under all such other plans exceeds 60% of the present value of the cumulative benefits accrued by all Participants under the Plan and all such other plans. 

  
 13 

 (c) Notwithstanding paragraphs (a) and (b), if as of any Top-Heavy Determination Date
the Employer, the Company or any Related Company has adopted any other employee plan qualified under Section 401(a) of the Code which is not a plan described in paragraph (b), but which plan may be considered as a single plan with the Plan and
all plans described in paragraph (b) without causing any of such plans to violate the requirements of either Section 401(a)(4) or Section 410 of the Code, the Plan Year shall not be considered a Top-Heavy Year if the present value of
the cumulative Accrued Benefits of all Key Employees under the Plan and the present value of the cumulative benefits accrued by all Key Employees under all plans described in paragraph (b) and all plans described in this paragraph (c) does
not exceed 60% of the present value of the cumulative benefits accrued by all Participants under all such plans. 
 (d) If any
of the plans described in either paragraph (b) or (c) are defined contribution plans (as defined in Section 414(i) of the Code), then the tests set forth in said paragraphs shall be applied by substituting the aggregate account
balances under such plans for the present value of the cumulative benefits accrued under such plans. If any of such plans have a determination date (as defined in Section 416(g)(4)(C) of the Code) for purposes of determining top-heavy status
which is different from the Top-Heavy Determination Date, the present value of the cumulative benefits accrued (or the aggregate account balances, in the case of a defined contribution plan) in such plan shall be determined as of the determination
date for such plan which occurs in the same Plan Year as the Top-Heavy Determination Date. 
 (e) For purposes of this Section,
the present value of a Participant’s Accrued Benefit shall be determined as of the Top-Heavy Determination Date, on the assumption that the Participant terminated his employment as of such date, and the present value shall be based upon the
actuarial assumptions used in the actuarial valuation made as of the Top-Heavy Determination Date, but the actuarial assumptions shall not exceed those prescribed by the Pension Benefit Guaranty Corporation. Such assumptions shall be used for all
plans being aggregated for Top-Heavy determinations. The present value of a Participant’s Accrued Benefit shall also include the actuarial equivalent as of the Top-Heavy Determination Date of all distributions made to such Participant (or his
Beneficiary) during the Key Employee Test Period. 
 (f) For purposes of this Section, account balances shall include
(i) all contributions which the Employer the Company or any Related Company has paid or is legally obligated to pay to any employee plan as of the Top-Heavy Determination Date (including contributions made thereafter if they are allocated as of
the Top-Heavy Determination Date) and all forfeitures allocated as of the Top-Heavy Determination Date, and (ii) all distributions made to a Participant or his Beneficiary during the Key Employee Test Period (or, in the case of a defined
benefit plan, the actuarial equivalent as of the Top-Heavy Determination Date of such distributions). For purposes of this Section, account balances shall also include amounts which are attributable to contributions made by the Participants (other
than deductible voluntary contributions under Section 219 of the Code) but shall not include any rollover (as defined in Section 402(a)(5) of the Code) or a direct transfer from the trust of any employee plan qualified under
Section 401(a) of the Code if such plan is not maintained by the Employer, the Company or any Related Company and such rollover or transfer is made at the request of the Participant. 

  
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 (g) Anything to the contrary notwithstanding, if a Participant or former Participant has not
been an Employee at any time during the Key Employee Test Period, his accrued benefit (in the case of a defined benefit plan) or his account balance (in the case of a defined contribution plan) shall not be taken into consideration in the
determination of whether the Plan Year is a Top-Heavy Year. 
 (h) The purpose of this Section is to conform to the definition
of “top-heavy plan” set forth in Section 416(g) of the Code, which is incorporated herein by reference, and to the extent that this Section shall be inconsistent with Section 416(g) of the Code, either by causing any Plan Year
during which the Plan would be classified as a “top-heavy plan” not to be a Top-Heavy Year or by causing any Plan Year during which it would not be classified as a “top-heavy plan” to be a Top-Heavy Year, the provisions of
Section 416(g) of the Code shall govern and control. 
 2.39 Transfer. An Employee’s transfer of employment
between the Employer, the Company and any Related Company, or an Employee’s transfer between an employment position covered by the Plan and an employment position not covered by the Plan, without a Break in Service. 

2.40 Trust Fund. All assets of the Plan held by the Trustee from time to time in accordance with the provisions of the Trust
Agreement established under the Plan, as the same is amended from time to time. 
 2.41 Trustee. The individuals or
corporation which shall from time to time be appointed by the Employer to administer the Trust Fund. 
 2.42 Year of
Service. Any 12-month computation period (as defined below) during which an Employee (i) has attained age 18, and (ii) has completed an aggregate of at least 1,000 Hours of Service with the Employer, the Company or any Related Company.
The initial 12-month computation period shall begin on the Employee’s employment or re-employment commencement date. If the Employee fails to complete an aggregate of at least 1,000 Hours of Service with the Employer, the Company or any Related
Company during the initial 12-month computation period, the second 12-month computation period shall consist of the Plan Year which includes the first anniversary of the Employee’s employment or re-employment commencement date, and succeeding
12-month computation periods shall also be based on the Plan Year. As of and after April 30, 2005, no Employee or Participant shall earn additional Years of Service under the Plan notwithstanding their continued employment with the Employer.

  
 15 

 ARTICLE III 
 PARTICIPATION AND VESTING 
 3.1 Eligibility to Participate.

 (a) Each Employee who is a Participant in the Plan immediately preceding the Effective Date shall continue to be a
Participant in the Plan under the terms specified herein. 
 (b) Each other Employee who as of the Effective Date has attained
age 21 and completed at least one Year of Service but who is not already a Participant in the Plan shall participate as of the Effective Date. 
 (c) Each other Employee (other than Leased Employees) shall be eligible to participate in the Plan, upon the Entry Date coincident with or next following the date that the Employee has satisfied the
following requirements: 
  

	 	(i)	the Employee has attained age 21 and completed at least one Year of Service; and 

 

	 	(ii)	the Employee is a salaried employee of an Employer and is in a classification of employees to whom the Plan has been extended by that Employer.

 (d) Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, no Employee
or any other person shall become a Participant in the Plan. 
 3.2 Duration of Participation. 

An Employee shall remain a Participant until such time as he incurs a Break in Service consisting of one Plan Year, at which time his
participation in the Plan shall cease, unless he has met the requirements for a Pension as set forth in Article V at such time. 

3.3 Participation upon Re-Employment. 
 (a) Upon reemployment by an Employer, a former Employee who had attained his Vesting Date, in accordance with Section 4.3 below, shall resume participation in the Plan on the date he or she is
credited with one Hour of Service. Upon the completion of one Year of Service following his reemployment, all Years of Service and Credited Service earned prior to the Break in Service shall be taken into account and aggregated with any Years of
Service and Credited Service earned subsequent to the reemployment. 
 (b) Except as provided in Section 4.4 below, a
Participant who incurred a Break in Service and who is subsequently reemployed shall, upon his or her completion of one Year of Service from the date of reemployment, have his or her Credited Service earned prior to the Break in Service restored and
considered with all Credited Service earned after the date of reemployment, including the year immediately following the date of reemployment, in determining his or her benefit. 

(c) Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, no Employee or any other person shall
become a Participant in the Plan upon the recommencement of their employment with the Employer or for any other reason. 

  
 16 

 ARTICLE IV 
 FACTORS USED IN DETERMINING PLAN BENEFITS 
 4.1 Credited
Service. For purposes of calculating the amount of a Participant’s or beneficiary’s Plan benefits, a Participant’s “Credited Service” means the total of the Participant’s Years of Service computed in accordance with
the following rules except to the extent provided otherwise in a supplement to the Plan: 
 (a) Years of Credited
Service. An Employee will be granted a Year of Credited Service for each calendar year in which he is a Participant and credited with at least at least 1,700 Hours of Service. If during any calendar year a Participant is credited with fewer than
1,700 Hours of Service, a proportionate credit shall be given to the nearest 1/10 of a year. An Employee who is hired in an eligible class of Employees and becomes a Participant after completing one Year of Service under Section 3.1(c)(1) shall
also receive a Year of Credited Service (or proportionate credit) for the calendar year in which he is hired, provided that he completes at least 1,000 Hours of Service in such calendar year. 

(b) Recognition of Other Prior Service. A Participant will be granted a Year of Credited Service for each Year of Credited Service
the Participant earned under the Plan prior to the Effective Date. From time to time the Employer may also grant recognition of prior service not otherwise considered as Credited Service hereunder in connection with the extension of the Plan to a
new covered group or the addition of a new group of employees to an existing covered group in connection with corporate acquisitions, reorganizations or other circumstances which the Employer determines, in a non-discriminatory manner. 

(c) Periods of Absence. A Participant shall not receive Credited Service for the period from his date of employment termination
until his date of reemployment. A period of Leave of Absence will not be deemed a termination of employment for purposes of this Section. However, Credited Service will not be granted for leave of absence periods, except for medical leaves of
absence or as required by law. 
 (d) Concurrent Employment. Concurrent periods of employment with two or more Employers
shall be considered only once in determining Credited Service. 
 (e) Non-Participating Employer. A period of service
with an entity prior to the date the entity becomes an Employer under the Plan or a predecessor plan shall be disregarded in determining a Participant’s Credited Service unless otherwise specifically provided for herein. 

(f) Non-Covered Employment. A period of service with an Employer during which the Participant is not a member of a covered group
of Employees for purposes of Section 3.1 above shall be disregarded in determining a Participant’s Credited Service. 

(g) Freeze of Credited Service. Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005,
each Employee’s and each Participant’s Years of Credited Service under the Plan shall be frozen at the number of their Years of Credited Service earned as of April 30, 2005. As of and after April 30, 2005, no Employee or
Participant shall earn additional Years of Credited Service under the Plan notwithstanding their continued employment with the Employer. 

  
 17 

 4.2 Vesting Service. For purposes of determining a Participant or Beneficiary’s
eligibility for Plan benefits, a participant’s “vesting service” means the total of the Participant’s Years of Service. 
 4.3 Vesting Date. The “vesting date” for a Participant shall be the date the Participant has accrued five Years of Service. Effective as of April 30, 2005, each Participant hereunder
shall be deemed to have met their Vesting Date, notwithstanding the Participant’s actual number of Years of Service. 
 4.4
Break in Service. A Participant’s entire period of Credited Service (as determined under Section 4.1) shall be taken into consideration under the Plan, except that: 

(a) A Participant who incurs a Break in Service prior to his Vesting Date shall have his Credited Service before such Break in Service
disregarded until he has completed one Year of Service following his re-employment by the Employer, the Company or any Related Company, at which time his Credited Service before such Break shall be restored, retroactive to his date of re-employment.

 (b) A Participant who incurs a Break in Service prior to his Vesting Date shall have his period of Credited Service before
such Break disregarded if the number of years in such Break in Service equals or exceeds five. Notwithstanding the foregoing, any Participant who experiences a Break in Service not in excess of five years shall have all of his Credited Service
earned prior to April 30, 2005 taken into consideration under the Plan. No Participant shall earn Credited Service under the Plan on and after April 30, 2005. 
 (c) A Participant who terminates his employment and is re-employed prior to incurring a Break in Service shall be treated, for purposes of participation in the Plan, as though he never terminated his
employment, except that periods during which the Participant was not in active employment shall not be included in determining the Participant’s Final Average Compensation. Notwithstanding the foregoing, as of and after April 30, 2005, no
Participant shall earn additional Years of Credited Service under the Plan notwithstanding their continued employment with the Employer. Further for purposes of determining the Participant’s Final Average Compensation, effective as of and after
April 30, 2005, Compensation earned by the Participant on and after April 30, 2005 shall not be taken into account. 

4.5 Transfers. A Transfer shall not affect the continuity of a Participant’s Years of Service for purposes of his eligibility
for benefits under the Plan. However, in the event of a Transfer, the amount of the benefit payable to a Participant under the Plan shall be computed as follows: 
 (a) If a Participant is transferred to an employment position which would not make him eligible for benefits under the Plan, he shall have his Accrued Benefit under the Plan based solely on his Years of
Credited Service prior to the date of Transfer. 

  
 18 

 (b) If an Employee is transferred to an employment position which would make him eligible to
participate in the Plan, he shall have his Accrued Benefit under the Plan be based solely on his years of Credited Service from and after the date of Transfer. 
 (c) The determination of the Compensation and the Final Average Compensation of a Participant who incurs a Transfer shall be based upon his Years of Credited Service with the Employer as a Participant.

  
 19 

 ARTICLE V 
 REQUIREMENTS FOR PENSIONS 
 5.1 Normal Retirement. A
Participant shall be eligible for a Normal Retirement Pension if his employment is terminated on or after his Normal Retirement Age. Payment of a Normal Retirement Pension shall commence as of the first day of the month coincident with or
immediately following the Participant’s Retirement. A Participant’s right to his Normal Retirement Pension shall be nonforfeitable on attainment of his Normal Retirement Age. 

5.2 Early Retirement. A Participant shall be eligible for an Early Retirement Pension if his employment is terminated on or after
his 55th birthday and after he has completed at least five years of Credited Service. Payment of an Early Retirement Pension shall commence as of the Participant’s Normal Retirement Date. However, if a Participant requests the Committee to
authorize the commencement of his Early Retirement Pension as of the first day of the month coincident with or immediately following his Retirement, or as of the first day of any subsequent month which precedes his Normal Retirement Date, his
Pension shall commence as of the first day of the month so requested, but the amount thereof shall be reduced as provided in Section 6.3. 
 5.3 Deferred Vested Pension. A Participant shall be eligible for a Deferred Vested Pension if his employment is terminated for any reason before his death after the Participant’s Vesting Date
but prior to his Early Retirement eligibility in accordance with Section 5.2. Payment of a Participant’s Deferred Vested Pension shall commence as of his Normal Retirement Date. However, if a Participant requests the Committee to authorize
the commencement of his Deferred Vested Pension as of the first day of any month after his attainment of age 55 and prior to his Normal Retirement Date, his Pension shall commence as of the first day of the month so requested, but the amount thereof
shall be reduced as provided in Section 6.4. 
 5.4 Deferred Vested Pension in Top-Heavy Years. A Participant shall
be eligible for a Deferred Vested Pension under Section 6.4 if his employment is terminated for any reason before his death and he had completed at least three Years of Service during or prior to any Top Heavy Year. 

5.5 Vesting Following Plan Amendment. In the event that any amendment is adopted to the Plan which affects, directly or
indirectly, the computation of the vested percentage of the Participants’ Accrued Benefits: 
 (a) The vested percentage of
the Accrued Benefit of each Participant as of the later of the date the amendment is adopted or the date it becomes effective shall not, as a result of such amendment, be less than it would have been had the Participant terminated his employment on
the day immediately preceding the day such amendment was adopted (or, if earlier, the effective date of such amendment); and 

(b) The vested percentage of the Accrued Benefit of a Participant who, on the day the amendment is adopted (or, if earlier, the effective
date of such amendment), had 

  
 20 

 
completed at least three Years of Service shall thereafter be equal to the greater of the amount determined under the Plan as so amended or the amount determined under the Plan without regard to
such amendment. 
 (c) Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, the
vested percentage of each Participant’s Accrued Benefit on April 30, 2005 shall be 100%. 
 5.6 Freeze of Accrued
Benefits. Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, each Participant’s Accrued Benefit under the Plan shall be frozen. Notwithstanding the foregoing, Participants in the Plan as of
April 30, 2005 must continue to satisfy the requirements of this Article V in order to receive a Pension. 
 5.7
Military Service. The survivors of a Participant who dies on or after May 1, 2007 while performing qualified military service shall be entitled to any additional benefit that is provided under the Plan had the Participant resumed and
then terminated employment on account of his death, but only to the extent required by Section 401(a)(37) of the Code. 

  
 21 

 ARTICLE VI 
 AMOUNT OF PENSIONS 
 6.1 Benefits Generally. Subject to the
limitations hereinafter set forth in this Article VI, each Participant who retires on or after he has fulfilled the requirements for a Pension as set forth in Article V shall be entitled to the Pension determined in accordance with the
provisions of this Article VI. Notwithstanding the foregoing, effective as of and after April 30, 2005, the amount of the Pension to which a Participant may be entitled under this Article VI shall be the amount to which the
Participant would be entitled as of April 30, 2005. Each Participant’s Pension entitlement hereunder shall be frozen at the amount of the Participant’s Pension entitlement on April 30, 2005. 

6.2 Normal Retirement Pension. A Participant’s Accrued Benefit under the Plan is the monthly benefit amount payable in the
form of a single life annuity commencing at Normal Retirement Age (or Actuarial Equivalent thereof) computed pursuant to paragraph (a), (b) or (c) below: 
 (a) Except with respect to those individuals described in paragraph (b) below, a Participant’s Accrued Benefit shall be 1-1/3% of the Participant’s Final Average Compensation at the date of
determination, less 1-2/3% of his Primary Social Security Benefit, divided by 12 multiplied by the Participant’s Years of Credited Service earned at his Normal Retirement Date, not to exceed 30 years. 

Effective May 1, 1989, Participants on April 30, 1985 will receive the larger of the benefit described above or one percent of Final Average
Compensation times Years of Credited Service. Notwithstanding the foregoing, a Participant’s or prior plan participant’s benefit amount as determined above shall be offset by the value of the benefit distributed to or on behalf of the
Participant from the prior plan, if any. 
 (b) The Accrued Benefit of a Participant who either was a Participant and had an
Accrued Benefit on the May 1, 1989, or whose Final Average Compensation includes years prior to May 1, 1994 in which his Compensation exceeded $200,000 (as adjusted) for Plan Years prior to January 1, 1994, or $150,000 (as adjusted)
for Plan Years beginning after January 1, 1994, or both, shall be determined as follows: 
  

	 	(i)	The Accrued Benefit as of any date between the May 1, 1989 and April 30, 1994, inclusive, shall be equal to the greater of (A) the amount determined
under paragraph (a) taking into account all years of Credited Service or (b) the Participant’s Accrued Benefit as of April 30, 1989, plus the amount determined under paragraph (a) taking into account only years of Credited
Service beginning on or after the May 1, 1989. 

  

	 	(ii)	The Accrued Benefit as of any date on or after May 1, 1994, shall be the greater of (A) the amount determined under paragraph (a) taking into account all
years of Credited Service or (b) the Participant’s Accrued Benefit as of April 30, 1994 (taking into account paragraph (b)(i) above), plus the amount determined under paragraph (a) taking into account only years of Credited
Service beginning on or after May 1, 1994. 

  
 22 

 (c) If a Participant receives a distribution of his Accrued Benefit as a result of the
termination of the Participant’s employment and the Participant is subsequently rehired, then the amount of the Pension to which the Participant (or his Beneficiary) shall be entitled upon his subsequent Retirement or death shall be determined
by disregarding his Years of Credited Service taken into account in determining the amount of such previous distribution, provided that if the amount of such distribution was less than the present value of the Participant’s Accrued Benefit at
such time (as determined under Section 7.5, and disregarding the value of any subsidies for early retirement or survivorship benefits), such Years of Credited Service shall not be disregarded, but any Pension to which the Participant (or his
Beneficiary) subsequently becomes entitled shall be reduced by the Actuarial Equivalent of such distribution. If a Participant is not entitled to a Deferred Vested Pension when he incurs a termination of employment, he shall be deemed to have a
received a lump sum distribution of the entire vested portion of his Accrued Benefit. If such a Participant is subsequently re-employed before incurring a Break in Service consisting of at least five Plan Years, he shall be deemed to have repaid
such distribution and his Years of Credited Service prior to such termination of employment shall be included in determining his Accrued Benefit. 
 6.3 Early Retirement Pension. The monthly amount of a Participant’s Early Retirement Pension payable on a single-life basis commencing as of his Normal Retirement Date shall be equal to his
Accrued Benefit at his Retirement. In the event that the Participant requests payment of his Early Retirement Pension prior to his Normal Retirement Date, the monthly amount of the Early Retirement Pension shall be equal to the Pension which is
otherwise payable to the Participant as of his Normal Retirement Date, reduced at the rate of 1/2% for each month that the commencement of Pension payments precede his Normal Retirement Date. 

6.4 Deferred Vested Pension. The monthly amount of a Participant’s Deferred Vested Pension payable on a single-life basis
commencing as of his Normal Retirement Date shall be equal to his Accrued Benefit at his Retirement (or, in the event that a Participant is eligible for a Deferred Vested Pension under Section 5.4, the vested percentage of his Accrued Benefit
at his Retirement determined under Section 5.4). In the event that the Participant requests the payment of his Deferred Vested Pension prior to his Normal Retirement Date, the monthly amount of the Pension shall be equal to the Pension which is
otherwise payable to the Participant as of his Normal Retirement Date, reduced at the rate of 1/2% for each month that the commencement of Pension payments precede his Normal Retirement Date. 

6.5 Maximum Pensions. The following provisions shall apply effective May 1, 2008, except as otherwise provided in this
Section. The application of the provisions of this Section shall not cause the Maximum Permissible Benefit of any Participant to be less than his accrued benefit under all defined benefit plans of the Employer or a predecessor employer as of the end
of the last limitation year beginning before May 1, 2008 under the provisions of such plans that were both adopted and in effect before April 5, 2007. 
 (a) The Annual Benefit payable to a Participant at any time shall not exceed the Maximum Permissible Benefit. If the benefit that a Participant otherwise would accrued in a limitation year would result in
an Annual Benefit in excess of the Maximum Permissible Benefit, the benefit shall be limited (or the rate of accrual decrease) to a benefit that does not exceed the Maximum Permissible Benefit. 

  
 23 

 (b) If a Participant is, or ever has been, a participant in another qualified defined
benefit plan (without regard to whether such plan has been terminated) maintained by the Employer or a predecessor employer, the sum of the Participant’s Annual Benefits from all such plans may not exceed the Maximum Permissible Benefit. If a
Participant’s employer-provided benefits under all such defined benefit plans (determined as of the same age) would exceed the Maximum Permissible Benefit, such aggregate benefits shall be reduced to the extent necessary so as not to exceed the
Maximum Permissible Benefit. Such reduction shall be effectuated by prorating the benefit under each such plan according to the ratio that such benefit under each such plan bears to the aggregate benefit under all such plans. 

(c) For purposes of this Section 6.5: 
  

	 	(i)	The term “Annual Benefit” means a Pension payable annually in the form of a single-life Pension. Except as provided below, a benefit payable in a form other
than a single-life Pension shall be adjusted to an actuarially equivalent single-life Pension that begins at the same time as such other form of benefit and is payable on the first day of each month before applying the limitations of this Section.
If a Participant has or will have distributions commencing at more than one Benefit Commencement Date, the Annual Benefit shall be determined as of each such date (and shall satisfy the limitations of this Section as of each such date), actuarially
adjusting for past and future distributions of benefits commencing at other Benefit Commencement Dates. For this purpose, whether a new Benefit Commencement Date has occurred shall be made without regard to Treasury Regulations
Section 1.401(a)-20, Q&A 10(d) and with regard to Treasury Regulations Section 1.415(b)-1(b)(1)(iii)(B) and (C). 

 No actuarial adjustment shall be made to the benefit for (A) survivor benefits payable to a surviving Spouse under a Qualified Joint and Survivor Annuity to the extent that such benefits would not be
payable if the Participant’s benefit were paid in a different form; (B) benefits that are not directly related to retirement benefits (such as a qualified disability benefit, pre-retirement incidental death benefits, and post-retirement
medical benefits); or (C) the inclusion in the form of benefit of an automatic benefit increase feature, provided, the form of benefit is not subject to Section 417(e)(3) of the Code and otherwise would satisfy the limitations of this
Section, and the Plan provides that the amount payable under the form of benefit in any limitation year shall not exceed the limits of this Section applicable at the Benefit Commencement Date, as increased in subsequent years pursuant to
Section 415(d) of the Code. For this purpose, an automatic benefit increase feature is included in a form of benefit if the form of benefit provides for automatic, periodic increases to the benefits paid in that form. 

  
 24 

 The Annual Benefit shall be determined taking into account Social Security supplements
described in Section 411(a)(9) of the Code and benefits transferred from another defined benefit plan, other than transfers of distributable benefits pursuant to Treasury Regulations Section 1.411(d)-4, Q&A-3(c) but disregarding
benefits attributable to employee contributions or rollovers. 
 Effective for Plan Years beginning after December 31,
2003, the determination of actuarial equivalence of forms of benefit other than a life-only Pension shall be made in accordance with (A) or (B) below. 
  

	 	(A)	The life-only Pension that is actuarially equivalent to a benefit form that is not subject to Section 417(e)(3) of the Code shall be determined under this
subparagraph (A) if the form of the Participant’s benefit is either (I) a nondecreasing annuity (other than a life-only Pension) payable for a period of not less than the Participant’s life (or in the case of a Qualified
Pre-Retirement Survivor Pension, the life of the surviving spouse), or (II) an annuity that decreases during the Participant’s life merely because of (1) the death of the survivor annuitant (but only if the reduction is not below
50% of the benefit payable before the death of the survivor annuitant), or (2) the cessation or reduction of social security supplements or qualified disability payments (as defined in Section 401(a)(11) of the Code).

  

	 	(I)	For limitation years beginning before July 1, 2007, the actuarial equivalent life-only Pension is equal to the amount of the life-only Pension commencing at the
same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit computed using whichever of the following produces the greater annual amounts: (1) the interest rate and mortality table
(or other tabular factor) specified in Section 2.2 for adjusting benefits in the same form; and (2) a 5% interest rate assumption and the applicable mortality table defined in Section 7.5(c) for that Benefit Commencement Date.

  

	 	(II)	For limitation years beginning on or after July 1, 2007, the actuarial equivalent life-only Pension is equal to the greater of: (1) the annual amount
of the life-only Pension (if any) payable to the Participant under the Plan beginning at the same Benefit Commencement Date as the Participant’s form of benefit; and (2) the annual amount of the life-only Pension beginning at the
same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using a 5% interest rate assumption and the applicable mortality table defined in Section 7.5(c) for that Benefit
Commencement Date. 

  
 25 

	 	(B)	The life-only Pension that is actuarially equivalent to a benefit form that is subject to Section 417(e)(3) of the code shall be determined under this paragraph if
the Participant’s form of benefit is other than a form described in subparagraph (A) above. In this case, the actuarial equivalent life-only Pension shall be determined as follows: 

 

	 	(I)	If the Benefit Commencement Date is in a Plan Year beginning after 2005, the actuarial equivalent life-only Pension is equal to the greatest of: (1) the
annual amount of the life-only Pension beginning at the same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using the interest rate in Section 2.2 for adjusting benefits
in the same form; (2) the annual amount of the life-only Pension beginning at the same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using a 5.5% interest rate
assumption and the applicable mortality table defined in Section 7.5(c); and (3) the annual amount of the life-only Pension beginning at the same Benefit Commencement Date that has the same actuarial present value computed using the
applicable interest rate and applicable mortality table defined in Section 7.5(c), divided by 1.05. 

  

	 	(II)	 If the Benefit Commencement Date is in a Plan Year beginning in 2004 or 2005, the actuarial equivalent life-only Pension is equal to the annual amount
of the life–only Pension beginning at the same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using whichever of the following produces the greater amount:
(1) the interest rate and mortality table specified in Section 2.2 for adjusting benefits in the same form; and (2) a 5.5% interest rate assumption and the applicable mortality table specified in Section 7.5(c). If
the Benefit Commencement Date is on or after the first day of the first Plan Year beginning in 2004 and before December 31, 2004, application of this paragraph shall not cause the amount payable under the Participant’s form of benefit to
be less than the benefit calculated under the Plan, taking into account the limitations of this Section, except that the actuarial equivalent life-only Pension is equal to the amount of the life-only Pension beginning at the same Benefit
Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using whichever of the following produces the greatest annual amount: (3) the interest rate and mortality table (or other

  
 26 

	 	
tabular factor) specified in Section 2.2 for adjusting benefits in the same form; (4) the applicable interest rate and applicable mortality table defined in Section 7.5(c);
and (5) the applicable interest rate defined in Section 7.5(c) (as in effect on the last day of the last Plan Year beginning before January 1, 2004 under provisions of the Plan then adopted and in effect) and the applicable
mortality table defined in Section 7.5(c). 

  

	 	(ii)	The term “Defined Benefit Compensation Limit” means, effective for limitation years ending after December 31, 2001, $160,000, automatically adjusted
under Section 415(d) of the Code effective each January 1, and payable in the form of a life-only Pension. The adjusted limitation shall apply to limitation years ending with or within the calendar year of the date of the adjustment, but a
Participant’s benefits will not reflect the adjusted limit prior to January 1 of that year. 

  

	 	(iii)	For purposes of this Section, the term “Employer” means the Employer and any Related Employer. 

 

	 	(iv)	The term “High Three-Year Average Compensation” means a Participant’s average Section 415 Compensation for the three consecutive Years of Service
(or if a Participant has fewer than three such years, his longest consecutive period of service, including fractions of years, but not less than one year) with the Employer that produce the highest average. If a Participant is rehired by the
Employer after a Break in Service, his High Three-Year Average Compensation shall be calculated by excluding all years for which he performed no services for and received no Section 415 Compensation from the Employer and by treating the years
immediately before and after the Break in Service as consecutive. A Participant’s Section 415 Compensation for a Year of Service shall not include amounts in excess of the limitation under Section 401(a)(17) of the Code in effect for
the limitation year in which such Year of Service begins. 

  

	 	(v)	The term “Maximum Permissible Benefit” means the smaller of the Defined Benefit Dollar Limitation and the Defined Benefit Compensation Limitation, both
adjusted if required, as provided below. 

  

	 	(A)	If a Participant has fewer than ten Years of Credited Service, the Defined Benefit Dollar Limitation shall be multiplied by a fraction the numerator of which is the
Participant’s number of Years of Credited Service (or part thereof but not less than one year), and the denominator of which is ten. If a Participant has fewer than ten Years of Service, the Defined Benefit Dollar Limitation shall be multiplied
by a fraction the numerator of which is the number of Years of Service (or part thereof but not less than one year), and the denominator of which is ten. 

  
 27 

	 	(B)	Effective for benefits beginning in limitation years ending after December 31, 2001, the Defined Benefit Dollar Limitation shall be adjusted if a
Participant’s Benefit Commencement Date is before age 62 or after age 65. If the Benefit Commencement Date is before age 62, the Defined Benefit Dollar Limitation shall be adjusted under subparagraph (I), as modified by subparagraph (III). If
the annuity starting date is after age 65, the Defined Benefit Dollar Limitation shall be adjusted under subparagraph (II), as modified by subparagraph (III). 

 

	 	(I)	Adjustment of Defined Benefit Dollar Limitation for benefit commencement before age 62. 

 

	 	(i)	If the Benefit Commencement Date for a Participant’s benefit is before age 62 and occurs in a limitation year beginning before July 1, 2007, the
Defined Benefit Dollar Limitation for the Participant’s Benefit Commencement Date is the annual amount of a benefit payable in the form of a life-only Pension commencing at the Participant’s Benefit Commencement Date that is the actuarial
equivalent of the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if required) with actuarial equivalence computed using whichever of the following produces the smaller annual amount: (1) the
interest rate and mortality table (or other tabular factor) specified in Section 2.2, or (2) a 5% interest rate assumption and the applicable mortality table as defined in Section 7.5(c). 

 

	 	(ii)	 If the Benefit Commencement Date for a Participant’s benefit occurs in a limitation year beginning on or after July 1, 2007 and , the
Defined Benefit Dollar Limitation for the Participant’s Benefit Commencement Date is the lesser of the annual amount of a benefit payable in the form of a life-only Pension beginning at the Participant’s Benefit Commencement Date that is
the actuarial equivalent of the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if required) with actuarial equivalence computed using a 5% limitation and the applicable mortality table for the annuity
starting date as defined in Section 7.5(c) (and expressing the Participant’s age based on completed calendar months as of the Benefit Commencement Date, and the Defined Benefit Dollar Limitation (adjusted for

  
 28 

	 	
Years of Credited Service less than ten, if required) multiplied by the ratio of the annual amount of the immediately commencing life-only Pension at the Participant’s Benefit Commencement
Date to the annual amount of the immediately commencing life-only Pension under the Plan at age 62, both determined without applying the limitations of this Section. 

 

	 	(II)	If the Benefit Commencement Date for a Participant’s benefit is after age 65 and occurs in a limitation year beginning on or after July 1, 2007, the Defined
Benefit Dollar Limitation at the Participant’s Benefit Commencement Date is the lesser of: (1) the annual amount of a benefit payable in the form of a life-only Pension beginning at the Participant’s Benefit Commencement Date
that is the actuarial equivalent of the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if applicable), with actuarial equivalence computed using a 5% interest rate assumption and the applicable mortality
table for that annuity starting date as defined in Section 7.5(c) (and expressing the Participant’s age based on completed calendar months as of the Benefit Commencement Date), and (2) the Defined Benefit Dollar Limitation
(adjusted for Years of Credited Service less than ten, if applicable) multiplied by the ratio of the annual amount of the adjusted immediately commencing life-only Pension under the Plan at the Participant’s Benefit Commencement Date to the
annual amount of the adjusted immediately commencing life-only Pension under the Plan at age 65, both determined without applying the limitations of this Section. For this purpose, the adjusted immediately commencing life-only Pension under the Plan
at the Participant’s Benefit Commencement Date is the annual amount of such Pension payable to the Participant, computed disregarding the Participant’s accruals after age 65 but including actuarial adjustments even if used to offset
accruals, and the adjusted immediately commencing life-only Pension under the Plan at age 65 is the annual amount of such Pension that would be payable under the Plan to a hypothetical Participant who is age 65 and has the same accrued benefit as
the Participant. 

  

	 	(III)	 Notwithstanding the other requirements of this paragraph, no adjustment shall be made to the Defined Benefit Dollar Limitation to reflect the
probability of a Participant’s death between the Benefit Commencement Date and age 62, or 

  
 29 

	 	
between age 65 and the Benefit Commencement Date, as applicable, if benefits are not forfeited upon the death of the Participant prior to the Benefit Commencement Date. To the extent benefits are
forfeited upon death before the Benefit Commencement Date, such an adjustment shall be made. For this purpose, no forfeiture shall be treated as occurring upon the Participant’s death if the Plan does not charge Participants for providing a
Qualified Pre-Retirement Survivor Annuity. 

  

	 	(vi)	The term “Section 415 Compensation” means wages within the meaning of Section 3401(a) of the Code for purposes of income tax withholding at the source
but determined without regard to any rule that limits the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2) of the
Code), including any such amounts paid by the later of two and one-half months after severance from employment or the end of the limitation year that includes the date of severance from employment if, absent a severance from employment, such
payments would have been made to the Participant while the Participant continued in employment with the Employer and are regular compensation for services during the Participant’s regular working hours, compensation for services outside the
Participant’s regular working hours (such as overtime or shift differential), commissions, bonuses or other similar compensation. Section 415 Compensation shall include amounts that otherwise would be included therein but for an election
under Section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k) or 457(b) of the Code. 

 (d)
Notwithstanding any provision to the contrary in this Section, the benefit otherwise accrued or payable to a Participant under the Plan shall be deemed not to exceed the Maximum Permissible Benefit if (i) the retirement benefits payable for a
limitation year under any form of benefit with respect to the Participant under the Plan and all other defined benefit plans (without regard to whether a plan has been terminated) ever maintained by the Employer do not exceed $10,000 multiplied by a
fraction the numerator of which is the Participant’s number of Years of Service (or part thereof but not less than one year), not to exceed ten years, and the denominator of which is ten; and (ii) the Employer (or a predecessor employer)
has not at any time maintained a defined contribution plan in which the Participant participated (excluding for this purpose mandatory employee contributions under a defined benefit plan, individual medical accounts under Section 401(h) of the
Code, and post-retirement medical accounts under Section 419A(d)(1) of the Code). 
 (e) The limitations of this Section
shall be determined and applied by taking into account the rules in Treasury Regulations Section 1.415(f)-1(d), (e) and (h). 
 6.6 Additional Restrictions. 
 (a) In the event that the Plan terminates,
the Pension paid to or on behalf of any Highly-Compensated Employee or former Employee treated as a Highly Compensated Employee shall be limited to a benefit that is non-discriminatory under Section 401(a)(4) of the Code. 

  
 30 

 (b) Except as provided in paragraph (c), the annual payments to any member of the
Highly-Compensated Group shall be limited to an amount equal to the payments that would be made on behalf of the Participant under a single life annuity that is the Actuarial Equivalent of the sum of (i) the Participant’s Accrued Benefit
plus (ii) the Participant’s other benefits (as that term is defined in subparagraph (d) below), if any, under the Plan. 
 (c) The limitations of subparagraph (b) shall not apply if (i) after the payment of the benefits described in subparagraph (d)(ii) below to such Participant, the value of the assets of the Plan
equals or exceeds 110% of the value of the Plan’s current liabilities (as that term is defined in Section 412(1)(7) of the Code), or (ii) the value of the benefits described in subparagraph (d)(ii) for such member of the
Highly-Compensated Group is less than the greater of 1% of the value of the Plan’s current liabilities or $5,000. 
 (d)
For purposes of this Section, 
  

	 	(i)	The term “Highly-Compensated Group” shall mean the group of individuals consisting of all Highly-Compensated Employees and former Employees who are treated as
Highly-Compensated Employees pursuant to Section 2.21(d) other than those who were not among the top 25 Employees when ranked on the basis of Compensation in the current or any prior Plan Year; and, 

 

	 	(ii)	The term “benefit” shall include loans in excess of the amounts set forth in Section 72(p)(2)(A) of the Code, any periodic income, any withdrawal values
payable to a living Participant, and any death benefits not provided for by insurance on the Participant’s life. 

 6.7 Conditions Affecting Pensions. 
 (a) Subject to the provisions of
Sections 7.8(c) and 7.9, no Pension payments shall be made to a Participant during a period of employment and, in the event that a retired Participant receiving Pension payments is re-employed or continues to be employed by the Employer after the
attainment of his Normal Retirement Age in an employment position covered by the Plan, his Pension payments shall be suspended during his period of re-employment or continued employment. 

(b) Upon the subsequent termination of employment of a re-employed Participant, he shall be entitled to receive a Pension under the Plan
in an amount equal to the sum of (i) his Accrued Benefit at his Retirement, based upon his Years of Credited Service and his Final Average Compensation as of such date, plus (ii) his Accrued Benefit (if any) earned during his period of
re-employment, based upon his Years of Credited Service during such period and his Final Average Compensation (computed solely on the basis of his years of Credited Service during such period) as of his subsequent termination of employment;
provided, however, that his total Years of Credited Service under the Plan shall be subject to the maximum set forth in Section 6.2. 

  
 31 

 (c) Notwithstanding paragraphs (a) and (b), if payment of a Participant’s Pension
is required to commence while he is still employed by reason of either Section 7.8(c) or 7.9, the amount of his Pension shall be increased as of the first month of each subsequent Plan Year to reflect any increase in his Years of Service and/or
Final Average Compensation. 
 6.8 Minimum Benefits in Top-Heavy Years. Anything else contained herein to the contrary
notwithstanding, the Accrued Benefit of each Non-Key Employee shall not be less than the product of (a) 2% of the Non-Key Employee’s average monthly Top-Heavy Compensation during the consecutive five-year period in which he had the
greatest aggregate Top-Heavy Compensation (excluding Top-Heavy Compensation received in any Plan Year that is not a Top-Heavy Year), multiplied by (b) the number of Top-Heavy Years (not exceeding 20) during which the Non-Key Employee completed
at least 1,000 Hours of Service, regardless of the Non-Key Employee’s level of Top-Heavy Compensation during such Top-Heavy Year, whether the Non-Key Employee makes any mandatory contribution during such Top-Heavy Year, and whether the Non-Key
Employee is employed on any particular day during such Top-Heavy Year. If, in any Top-Heavy Year, the Non-Key Employee is also a participant in any other defined benefit plan maintained by the Employer or a Related Company, the minimum Accrued
Benefit required under this Section with respect to such Top-Heavy Year shall be reduced by the benefit accrued during such Top-Heavy Year under such other plan (other than a minimum benefit accrued only during a Top-Heavy Year). If such Non-Key
Employee is also covered by a defined contribution plan, he shall nevertheless receive the minimum Accrued Benefit described herein. Notwithstanding the foregoing, minimum accruals shall not be required for any Plan Year in which the Plan does not
benefit any Key Employee or former Key Employee. 
 6.9 Payment of Incorrect Pension Amount. In the event of payment of a
Pension to a Participant (or their Beneficiary) under Articles V and VI of the Plan, all or a portion of which should not have been payable to such Participant (or their Beneficiary), the Plan Committee shall, as soon as is administratively
feasible, reduce the Pension benefit properly payable to the Participant by the amount of any overpayment. Provided, however, no such reduction shall exceed 25% of the monthly Pension payable to the Participant (or their Beneficiary). 

6.10 Limitations Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than 80% or if the Company is in
Bankruptcy. 
 (a) Limitations Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than
80% but not Less than 60%. Notwithstanding any other provision of the Plan to the contrary, if the Plan’s adjusted funding target attainment percentage (as defined in Treasury Regulation Section 1.436-1(j)(1)) for a Plan Year is less
than 80% (or would be less than 80% to the extent described in paragraph (a)(ii) below) but is not less than 60%, then the limitations set forth in this paragraph (a) apply. 

 

	 	(i)	 50% Limitation on Single Sum Payments, Other Accelerated Forms of Distribution, and Other Prohibited Payments. A Participant or Beneficiary is
not permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment (as defined in Treasury Regulation Section 1.436-1(j)(6)) with an annuity

  
 32 

	 	
starting date (as defined in Treasury Regulation Section 1.436-1(j)(2)) on or after the applicable Section 436 measurement date (as defined in Treasury Regulation
Section 1.436-1(j)(8)), and the Plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment, unless the present value of the portion
of the benefit that is being paid in a prohibited payment does not exceed the lesser of: 

  

	 	(A)	50% of the present value of the benefit payable in the optional form of benefit that includes the prohibited payment; or 

 

	 	(B)	100% of the PBGC maximum benefit guarantee amount (as defined in Treasury Regulation Section 1.436-1(d)(3)(iii)(C)). 

The limitation set forth in this paragraph (a)(i) does not apply to any payment of a benefit that, under Section 411(a)(11) of the
Code, may immediately be distributed without the consent of the Participant. If an optional form of benefit that otherwise is available under the terms of the Plan is not available to a Participant or Beneficiary as of the annuity starting date
because of the application of the requirements of this paragraph (a)(i), the Participant or Beneficiary is permitted to elect to bifurcate the benefit into unrestricted and restricted portions (as described in Treasury Regulation
Section 1.436-1(d)(3)(iii)(D)). The Participant or Beneficiary also may elect any other optional form of benefit otherwise available under the Plan at that annuity starting date that would satisfy the 50%/PBGC maximum benefit guarantee amount
limitation described in this Section, or may elect to defer the benefit in accordance with any general right to defer commencement of benefits under the Plan. 
  

	 	(ii)	Plan Amendments Increasing Liability for Benefits. No amendment to the Plan that has the effect of increasing liabilities of the Plan by reason of increases in
benefits, establishment of new benefits, changing the rate of benefit accrual, or changing the rate at which benefits become nonforfeitable shall take effect in a Plan Year if the adjusted funding target attainment percentage for the Plan Year is:

  

	 	(A)	Less than 80%; or 

  

	 	(B)	80% or more, but would be less than 80% if the benefits attributable to the amendment were taken into account in determining the adjusted funding target attainment
percentage. 

 The limitation set forth in this paragraph (a)(ii) does not apply to any amendment to the Plan that
provides a benefit increase under a formula that is not based on Compensation; provided, that the rate of such increase does not exceed the contemporaneous rate of increase in the average wages of Participants covered by the amendment. 

  
 33 

 (b) Limitations Applicable if the Plan’s Adjusted Funding Target Attainment
Percentage is Less than 60%. Notwithstanding any other provision of the Plan to the contrary, if the Plan’s adjusted funding target attainment percentage for a Plan Year is less than 60% (or would be less than 60% to the extent described in
paragraph (b)(ii) below), then the limitations in this paragraph (b) apply. 
  

	 	(i)	Single Sums, Other Accelerated Forms of Distribution, and Other Prohibited Payments not Permitted. A Participant or Beneficiary is not permitted to elect, and
the Plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment with an annuity starting date on or after the applicable Section 436 measurement date, and the Plan shall not make any payment for
the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment. The limitation set forth in this paragraph (b)(i) does not apply to any payment of a benefit that, under
Section 411(a)(11) of the Code, may immediately be distributed without the consent of the Participant. 

  

	 	(ii)	Shutdown Benefits and Other Unpredictable Contingent Event Benefits not Permitted to be Paid. An unpredictable contingent event benefit (as defined in Treasury
Regulation Section 1.436-1(j)(9)) with respect to an unpredictable contingent event (as defined in Treasury Regulation Section 1.436-1(j)(9)) occurring during a Plan Year shall not be paid if the adjusted funding target attainment
percentage for the Plan Year is: 

  

	 	(A)	Less than 60%; or 

  

	 	(B)	60% or more, but would be less than 60% if the adjusted funding target attainment percentage were redetermined applying an actuarial assumption that the likelihood of
occurrence of the unpredictable contingent event during the plan year is 100%. 

  

	 	(iii)	Benefit Accruals Frozen. Benefit accruals under the Plan shall cease as of the applicable Section 436 measurement date. In addition, if the Plan is required
to cease benefit accruals under this paragraph (b)(iii), then the Plan is not permitted to be amended in a manner that would increase the liabilities of the Plan by reason of an increase in benefits or establishment of new benefits.

 (c) Limitations Applicable if the Company is in Bankruptcy. Notwithstanding any other provision of the
Plan to the contrary, a Participant or Beneficiary is not permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment with an annuity starting date that occurs during any
period in which the Company is a debtor in a case under Title 11, United States Code, or similar federal or state law, except for payments made within a Plan Year with an annuity starting date that occurs on or after the date on which the
Plan’s enrolled actuary certifies that the Plan’s adjusted funding target attainment percentage for that Plan Year is not less than 100%. In addition, during such period in which the Company is a debtor, the Plan shall not make any payment
for the purchase 

  
 34 

 
of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment, except for payments that occur on a date within a Plan Year that is on
or after the date on which the Plan’s enrolled actuary certifies that the Plan’s adjusted funding target attainment percentage for that Plan Year is not less than 100%. The limitation set forth in this paragraph (c) does not apply to
any payment of a benefit which under Section 411(a)(11) of the Code may immediately be distributed without the consent of the Participant. 
 (d) Provisions Applicable after Limitations Cease to Apply. 
  

	 	(i)	Resumption of Prohibited Payments. If a limitation on prohibited payments under paragraphs (a)(i), (b)(i), or (c) applied to the Plan as of a
Section 436 measurement date, but that limit no longer applies to the Plan as of a later Section 436 measurement date, then that limitation does not apply to benefits with annuity starting dates that are on or after that later
Section 436 measurement date. 

  

	 	(ii)	Resumption of Benefit Accruals. If a limitation on benefit accruals under paragraph (b)(iii) applied to the Plan as of a Section 436 measurement date, but
that limitation no longer applies to the Plan as of a later Section 436 measurement date, then benefit accruals shall resume prospectively, and that limitation does not apply to benefit accruals that are based on service on or after the later
Section 436 measurement date, except as otherwise provided under the Plan. The Plan shall comply with the rules relating to partial years of participation and the prohibition on double proration under Department of Labor Regulation
Section 2530.204-2(c) and (d). 

  

	 	(iii)	Shutdown and Other Unpredictable Contingent Event Benefits. If an unpredictable contingent event benefit with respect to an unpredictable contingent event that
occurs during the Plan Year is not permitted to be paid after the occurrence of the event because of the limitation of paragraph (b)(ii) but is permitted to be paid later in the same Plan Year (as a result of additional contributions or pursuant to
the enrolled actuary’s certification of the adjusted funding target attainment percentage for the Plan Year that meets the requirements of Treasury Regulation Section 1.436-1(g)(5)(ii)(B)), then that unpredictable contingent event benefit
shall be paid, retroactively to the period that such benefit would have been payable under the terms of the Plan (determined without regard to Section paragraph (b)(ii)). If the unpredictable contingent event benefit does not become payable during
the Plan Year in accordance with the preceding sentence, then the Plan is treated as if it does not provide for that benefit. 

  

	 	(iv)	 Treatment of Plan Amendments that do not Take Effect. If a plan amendment does not take effect as of the effective date of the amendment because
of the limitation of paragraphs (a)(ii) or (b)(iii) but is permitted to take effect later in the same Plan Year (as a result of additional contributions or pursuant to the enrolled actuary’s certification of the adjusted funding target
attainment percentage for the Plan Year that meets 

  
 35 

	 	
the requirements of Treasury Regulation Section 1.436-1(g)(5)(ii)(C)), then the plan amendment must automatically take effect as of the first day of the Plan Year (or, if later, the original
effective date of the amendment). If the plan amendment cannot take effect during the same Plan Year, then it shall be treated as if it were never adopted unless the plan amendment provides otherwise. 

(e) Notice Requirement. As required by ERISA Section 101(j), the Committee shall provide a written notice to Participants and
Beneficiaries if the Plan has become subject to a limitation described in paragraphs (a)(i), (b), or (c). 
 (f) Methods to
Avoid or Terminate Benefit Limitations. The Company may use the methods described in Sections 436(b)(2), (c)(2), (e)(2), and (f) of the Code and Treasury Regulation Section 1.436-1(f) to avoid or terminate one or more of the benefit
limitations under paragraphs (a) through (c) for a Plan Year, including employer contributions and elections to increase the amount of Plan assets that are taken into account in determining the adjusted funding target attainment
percentage, making an employer contribution that is specifically designated as a current year contribution that is made to avoid or terminate application of certain of the benefit limitations, or providing security to the Plan. 

(g) Special Rules. 
  

	 	(i)	Rules of Operation for Periods Prior to and after Certification of Plan’s Adjusted Funding Target Attainment Percentage. 

 

	 	(A)	In General. Section 436(h) of the Code and Treasury Regulation Section 1.436-1(h) set forth a series of presumptions that apply (1) before the
Plan’s enrolled actuary issues a certification of the Plan’s adjusted funding target attainment percentage for the Plan Year, and (2) if the Plan’s enrolled actuary does not issue a certification of the Plan’s adjusted
funding target attainment percentage for the Plan Year before the first day of the tenth month of the Plan Year (or if the Plan’s enrolled actuary issues a range certification for the Plan Year pursuant to Treasury Regulation
Section 1.436-1(h)(4)(ii) but does not issue a certification of the specific adjusted funding target attainment percentage for the Plan by the last day of the Plan Year). For any period during which a presumption under Section 436(h) of
the Code and Treasury Regulation Section 1.436-1(h) applies to the Plan, the limitations under paragraphs (a) through (c) are applied to the Plan as if the adjusted funding target attainment percentage for the Plan Year were the
presumed adjusted funding target attainment percentage determined under the rules of Section 436(h) of the Code and Treasury Regulation Section 1.436-1(h)(1), (2), or (3). These presumptions are set forth in paragraph (g)(i)(B) though (D).

  

	 	(B)	 Presumption of Continued Underfunding Beginning First Day of Plan Year. If a limitation under paragraphs (a), (b), or (c) applied

  
 36 

	 	
to the Plan on the last day of the preceding Plan Year, then, commencing on the first day of the current Plan Year and continuing until the Plan’s enrolled actuary issues a certification of
the adjusted funding target attainment percentage for the Plan for the current Plan Year, or, if earlier, the date paragraphs (g)(i)(C) or (g)(i)(D) applies to the Plan: 

 

	 	(I)	The adjusted funding target attainment percentage of the Plan for the current Plan Year is presumed to be the adjusted funding target attainment percentage in effect on
the last day of the preceding Plan Year; and 

  

	 	(II)	The first day of the current Plan Year is a Section 436 measurement date. 

 

	 	(C)	 Presumption of Underfunding Beginning First Day of Fourth Month. If the Plan’s enrolled actuary has not issued a certification of the
adjusted funding target attainment percentage for the Plan Year before the first day of the fourth month of the Plan Year, and the Plan’s adjusted funding target attainment percentage for the preceding Plan Year was either at least 60% but less
than 70% or at least 80% but less than 90%, or is described in Treasury Regulation Section 1.436-1(h)(2)(ii), then commencing on the first day of the fourth month of the current Plan Year and continuing until the Plan’s enrolled actuary
issues a certification of the adjusted funding target attainment percentage for the Plan for the current Plan Year, or, if earlier, the date paragraph (g)(i)(D) applies to the Plan: 

 

	 	(I)	The adjusted funding target attainment percentage of the Plan for the current Plan Year is presumed to be the Plan’s adjusted funding target attainment percentage
for the preceding plan year reduced by ten percentage points; and 

  

	 	(II)	The first day of the fourth month of the current Plan Year is a Section 436 measurement date. 

 

	 	(D)	Presumption of Underfunding on and after First Day of Tenth Month. If the Plan’s enrolled actuary has not issued a certification of the adjusted funding
target attainment percentage for the Plan Year before the first day of the tenth month of the Plan Year (or if the Plan’s enrolled actuary has issued a range certification for the Plan Year pursuant to Treasury Regulation
Section 1.436-1(h)(4)(ii) but has not issued a certification of the specific adjusted funding target attainment percentage for the Plan by the last day of the Plan Year), then commencing on the first day of the tenth month of the current Plan
Year and continuing through the end of the Plan Year: 

  

	 	(I)	The adjusted funding target attainment percentage of the Plan for the current Plan Year is presumed to be less than 60%; and 

 

	 	(II)	The first day of the tenth month of the current Plan Year is a Section 436 measurement date. 

  
 37 

	 	(ii)	New Plans, Plan Termination, Certain Frozen Plans, and Other Special Rules. 

 

	 	(A)	First Five Plan Years. The limitations in paragraphs (a)(ii), (b)(ii), and (b)(iii) do not apply to a new plan for the first five plan years of the plan,
determined under the rules of Section 436(i) of the Code and Treasury Regulation Section 1.436- 1(a)(3)(i). 

  

	 	(B)	Plan Termination. The limitations on prohibited payments in paragraphs (a)(i), (b)(i), and (c) do not apply to prohibited payments that are made to carry
out the termination of the Plan in accordance with applicable law. Any other limitations under this Section of the Plan do not cease to apply as a result of termination of the Plan. 

 

	 	(C)	Exception to Limitations on Prohibited Payments under Certain Frozen Plans. The limitations on prohibited payments set forth in paragraphs (a)(i), (b)(i), and
(c) do not apply for a Plan Year if the terms of the Plan, as in effect for the period beginning on September 1, 2005 and continuing through the end of the Plan Year, provide for no benefit accruals with respect to any Participant. This
paragraph (g)(ii)(C) shall cease to apply as of the date any benefit accrues under the Plan or the date on which a plan amendment that increases benefits takes effect. 

 

	 	(D)	Special Rules Relating to Unpredictable Contingent Event Benefits and Plan Amendments Increasing Benefit Liability. During any period in which none of the
presumptions under paragraph (g)(i) applies to the Plan, and the Plan’s enrolled actuary has not yet issued a certification of the Plan’s adjusted funding target attainment percentage for the Plan Year, the limitations under paragraphs
(a)(ii) and (b)(ii) shall be based on the inclusive presumed adjusted funding target attainment percentage for the Plan, calculated in accordance with the rules of Treasury Regulation Section 1.436-1(g)(2)(iii). 

 

	 	(iii)	Special Rules under the Pension Relief Act of 2010. 

  

	 	(A)	 Payments under Social Security Leveling Options. For purposes of determining whether the limitations under paragraphs (a)(i) or (b)(i) apply to
payments under a social security leveling option, 

  
 38 

	 	
within the meaning of Section 436(j)(3)(C)(i) of the Code, the adjusted funding target attainment percentage for a Plan Year shall be determined in accordance with the “Special Rule for
Certain Years” under Section 436(j)(3) of the Code and any Treasury Regulations or other published guidance thereunder issued by the Internal Revenue Service. 

 

	 	(B)	Limitation on Benefit Accruals. For purposes of determining whether the accrual limitation under paragraph (b)(iii) applies to the Plan, the adjusted funding
target attainment percentage for a Plan Year shall be determined in accordance with the “Special Rule for Certain Years” under Section 436(j)(3) of the Code (except as provided under Section 203(b) of the Preservation of Access
to Care for Medicare Beneficiaries and Pension Relief Act of 2010, if applicable). 

  

	 	(C)	Interpretation of Provisions. The limitations imposed by this Section of the Plan shall be interpreted and administered in accordance with Section 436 of
the Code and Treasury Regulation Section 1.436-1. 

 (h) Effective Date. The rules in paragraphs
(a) through (h) are effective for Plan Years beginning after December 31, 2007. 

  
 39 

 ARTICLE VII 
 FORM AND PAYMENT OF PENSIONS 
 7.1 Payment of Pensions.

 (a) A Participant who is eligible for a Normal Retirement Pension under Section 5.1 or an Early Retirement Pension under
Section 5.2 and who has a Spouse (as defined in paragraph (i) below) shall receive his Pension in the form of a Qualified Joint and Survivor Pension, unless the Participant elects otherwise in writing in accordance with the provisions of
Section 7.4. The Participant’s Qualified Joint and Survivor Pension shall be paid in accordance with either subparagraph (i), (ii) or (iii) below, as elected by the Participant; provided, however, that if no such election is made
by the Participant his Qualified Joint and Survivor Pension shall be paid in accordance with subparagraph (iii) below. 
  

	 	(i)	100% Qualified Joint and Survivor Pension. A Participant shall receive a reduced Pension during his lifetime and, upon his death, 100% of such reduced Pension
shall be paid to the Participant’s Spouse, if surviving, for the remainder of the Spouse’s lifetime. 

  

	 	(ii)	75% Qualified Joint and Survivor Pension. A Participant shall receive a reduced Pension during his lifetime and, upon his death, 75% of such reduced Pension
shall be paid to the Participant’s Spouse, if surviving, for the remainder of the Spouse’s lifetime (the so-called “qualified optional survivor annuity”). 

 

	 	(iii)	50% Qualified Joint and Survivor Pension. A Participant shall receive a reduced Pension during his lifetime and, upon his death, 50% of such reduced Pension
shall be paid to the Participant’s Spouse, if surviving, for the remainder of the Spouse’s lifetime. 

(b) A Participant who is eligible for a Deferred Vested Pension under either Section 5.3 or 5.4 and who has a Spouse (as defined in
paragraph (i) below) shall receive his Pension in the form of a 50% Qualified Joint and Survivor Pension in accordance with subparagraph (a)(iii) above, unless the Participant elects otherwise in writing in accordance with the provisions of
Section 7.4. 
 (c) The last payment of a Qualified Joint and Survivor Pension shall be made as of the first day of the
month in which the death of the survivor of the Participant and his Spouse occurs. 
 (d) The reduced amount payable to the
Participant under a Qualified Joint and Survivor Pension shall be determined by multiplying the amount of his Pension determined under the applicable provision of Article V by the applicable option factor set forth in Exhibit A. 

(e) In lieu of a Qualified Joint and Survivor Pension, a Participant may elect in writing, in accordance with the provisions of
Section 7.4, to receive for life a Pension determined under the applicable provision of Article V. 

  
 40 

 (f) A Participant who is eligible for a Normal Retirement Pension under Section 5.1 or
an Early Retirement Pension under Section 5.2 may elect in writing, in accordance with the provisions of Section 7.4, to receive one of the optional forms of benefit described under Section 7.3. 

(g) If a Participant does not have a Spouse, he shall receive the Pension determined under the applicable provision of Article V, subject
to his right, if any, to elect in writing, in accordance with the provisions of Section 7.4, to receive one of the optional forms of benefit described under Section 7.3. Such a Participant’s single-life Pension shall be deemed to be a
Qualified Joint and Survivor Pension for purposes of all notice and election provisions of Section 7.4. 
 (h) The last
payment of any single-life Pension shall be made as of the first day of the month in which the death of the Participant occurs. 

(i) For purposes of this Article VII, a Participant’s Spouse shall be the person to whom he is married on his Benefit Commencement
Date. To the extent provided in any Qualified Domestic Relations Order, and subject to the provisions of Section 8.7(b), a former spouse of a Participant shall be treated as the Participant’s Spouse on the Benefit Commencement Date, and
the vested percentage of the Participant’s Accrued Benefit may be paid in accordance with such Qualified Domestic Relations Order at any time after the Participant is eligible to retire and begin receiving a Pension under any provision of
Article V. 
 7.2 Other Survivorship Benefits. 
 (a) Upon the death of a Participant who is credited with at least one Hour of Service on or after January 1, 1976, who is eligible for a Pension under the applicable provision of Article V, and who
dies prior to his Benefit Commencement Date, a 50% Qualified Pre-retirement Survivor Pension (as defined below) shall be payable to his Eligible Spouse (as defined in paragraph (d) below). 

(b) The date upon which the payment of the 50% Qualified Pre-retirement Survivor Pension commences, and the amount of monthly payments to
the Eligible Spouse, shall be determined as if the Participant had terminated his employment on the date of his death, survived to the earliest date upon which he would have been eligible to begin receiving a Pension under any of the provisions of
Article V, retired with a 50% Qualified Joint and Survivor Pension on such date, and died on the following day. Payments to the Eligible Spouse shall continue until the first day of the month in which the death of the Eligible Spouse occurs.

 (c) Except as provided in this Section 7.2, no death or survivor benefits shall be payable on behalf of a Participant
who dies prior to his Benefit Commencement Date. 
 (d) For purposes of this Section 7.2, a Participant’s Eligible
Spouse shall be the person to whom he has been continuously married for one year on the date of his death. To the extent provided in any Qualified Domestic Relations Order, and subject to the provisions of Section 8.7(b), a former spouse of a
Participant shall be treated as the Participant’s Eligible Spouse, provided that the Participant and his former spouse were married for at least one year. 

  
 41 

 7.3 Optional Forms of Benefits. 

(a) In lieu of a Normal Retirement Pension under Section 5.1, an Early Retirement Pension under Section 5.2, or a Disability
Retirement Pension under Section 5.3, a Participant may elect in writing, in accordance with the provisions of Section 7.4, to receive a Pension payable under one of the options described below: 

 

	 	(i)	Contingent Annuitant Option. A married Participant may elect to receive a reduced Pension payable during his lifetime, with the provision that if his contingent
annuitant survives him, payment of the Pension in an amount equal to either 100%, 75% or 50% of the Participant’s reduced Pension (as elected by the Participant) shall continue to the contingent annuitant after his death, with the last payment
to be made as of the first day of the month in which the death of the contingent annuitant occurs. A Participant who is unmarried as of the end of the election period referenced in Section 7.4, shall not be entitled to elect the optional form
of benefit described under this Section 7.3(a)(i). 

  

	 	(ii)	Single-Life Option. A Participant may elect to receive a single-life Pension under which the last payment shall be made as of the first day of the month in which
the death of the Participant occurs. 

 (b) An option shall be elected in writing on a form approved by the
Committee and shall be filed with the Committee during the period described in Section 7.4. The amount of the Pension payable under an option shall be determined by multiplying the Participant’s Pension under the applicable provision of
Article V by the applicable option factor set forth in Exhibit A. 
 7.4 Election Procedures. 

(a) The Committee shall provide each Participant with a written explanation, in non-technical language, of the Qualified Joint and
Survivor Pension available under Section 7.1, and the optional forms of benefits available under Section 7.3. Such explanation shall include a general statement of the terms and conditions of such benefits, the circumstances under which
the Qualified Joint and Survivor Pension shall automatically be provided, the Participant’s right to make, and the effect of, an election to waive the Qualified Joint and Survivor Pension and the rights of the Participant’s spouse under
paragraph (f) below, and shall inform the Participant that he has the right to receive a written explanation of the effect of any such election on his particular benefit, expressed in terms of dollars per monthly payment and an explanation that
benefits will be larger if payment is deferred. Such written explanation shall also comply with Section 417(a)(3) of the Code and Treasury Regulations Section 1.417(a)-3. 

(b) The Committee shall, before the beginning of the election period, provide to the Participant a written explanation which consists of
the following information (i) the terms and conditions of the Qualified Joint and Survivor Pension, (ii) the Participant’s right to make, and the effect of, an election to waive the Qualified Joint and Survivor Pension form of
benefit, (iii) the rights of the Participant’s spouse, and (iv) the right to make, and the effect of, a revocation of a previous election to waive the Qualified Joint and Survivor Pension. Effective as

  
 42 

 
of April 1, 1997, the Committee may provide the written explanation to the Participant after the Participant’s Benefit Commencement Date, as long as the election period described in
paragraph (d) does not end until at least 30 days after the written explanation is furnished. The Participant may (with his spouse’s consent, if applicable) waive the 30-day period described in the preceding sentence in writing, provided
that payment of this benefit shall in no event begin less than seven days after such explanation is furnished. As provided in Section 7.9, a Participant (with his spouse’s consent, if applicable) may elect a Retroactive Annuity Starting
Date, in which case the issuance of the written explanation described in this paragraph (b) shall be governed by Section 7.9. 
 (c) A Participant may elect to not have his benefit paid in the form of a Qualified Joint and Survivor Pension, or may (if eligible) elect an optional form of benefit. Any such election shall be made in
writing and shall clearly indicate that the Participant is electing to waive his right to receive his benefit in the form of a Qualified Joint and Survivor Pension and shall be delivered to the Committee during the election period described in
paragraph (d). The Participant shall be entitled to make or change any such election at any time during the election period. 

(d) Any election and any revocation of any election made under this Section 7.4 may be made at any time or times during the 180-day
period (90-day period for Plan Years beginning before May 1, 2007) ending on the Participant’s Benefit Commencement Date. 
 (e) An election made pursuant to this Article VII or a revocation or cancellation of an election, or the exercise or revocation of a waiver hereunder before the Participant’s Benefit Commencement
Date, shall be made without prejudice to the right of the Participant to make a new election. An election, revocation or cancellation of an election, or the exercise or revocation of a waiver, shall be made in writing on a form prescribed by the
Committee shall comply with the requirements of paragraph (f), below, and shall be effective if submitted to the Committee prior to the Participant’s Benefit Commencement Date. 

(f) Anything to the contrary notwithstanding, any election made under this Section 7.4 shall be in accordance with rules established
by the Committee. In the case of a Participant whose Benefit Commencement Date occurs after December 31, 1984, an election to receive any benefit other than a Qualified Joint and Survivor Pension shall be valid only if (i) such
Participant’s waiver of his right to receive a Qualified Joint and Survivor Pension pursuant to paragraph (d) is consented to, in writing, by the person who is the Participant’s Spouse on the Benefit Commencement Date, and the
Spouse’s signature is witnessed either by a member of the Committee or other Plan representative designated by the Committee or by a notary public, or (ii) the Participant establishes, to the satisfaction of the Committee, that he is not
married on the Benefit Commencement Date or that, if he is married, his Spouse’s consent cannot be obtained because his Spouse cannot be located, because he and his Spouse are legally separated, because he has been abandoned by his Spouse (and
has a court order to such effect), or because of such other circumstances as may be specified in regulations promulgated under Section 417(a)(2)(B) of the Code. All elections made pursuant to this paragraph (f) may be revoked in writing by
the Participant at any time prior to his Benefit Commencement Date, but any new election of an optional form of benefit shall require a new consent from the Participant’s Spouse unless the original consent specifically authorized the
Participant to elect different forms of benefit without the Spouse’s further consent. A Spouse’s consent to an election shall be irrevocable. The Committee shall provide to each Participant, within the period of time set forth in paragraph
(b), the written explanation of the information described in paragraph (a). 

  
 43 

 (g) Anything else to the contrary notwithstanding, any Participant (i) who was credited
with at least one Hour of Service on or after September 2, 1974, (ii) who would not, but for this paragraph (g), have the right to receive a 50% Qualified Joint and Survivor Annuity, (iii) who is alive on August 23, 1984 and
(iv) whose Benefit Commencement Date is on or after August 23, 1984, shall have the right to elect to receive a 50% Qualified Joint and Survivor Annuity. The Committee shall send written notice of the provisions of this paragraph
(g) to each Participant to whom it applies, and shall also send written notice of the provisions of Section 7.2 to each Participant whose employment was terminated prior to August 23, 1984, and to whom Section 7.2 applies.

 7.5 Small Pensions. 
 (a) Notwithstanding anything herein to the contrary, if the present value of a Pension payable under the Plan is $5,000 or less (as determined in accordance with Section 7.5(a)(i)), payment of such
Pension shall be made in a lump sum. In the case of a Participant who does not have a vested Accrued Benefit, the Participant shall be deemed to have received a lump-sum payment of his Pension in the amount of zero dollars ($0) at the time set forth
in this Section. Payment of a lump sum pursuant to this Section 7.5(a) shall be made as soon as practicable following the date on which a Participant has incurred a termination of employment or, in the case of a payment to a Beneficiary, the
Participant’s death. 
  

	 	(i)	For purposes of this Section 7.5(a), the determination of whether the present value of a Participant’s Pension exceeds $5,000 upon his termination of
employment shall be made without regard to whether the present value of the Participant’s Pension exceeded $5,000 at a time prior to the Participant’s termination of employment, (with respect to distributions commencing on or after
May 1, 2001). 

  

	 	(ii)	Effective with respect to distributions made after December 31, 2001, if the present value of a Participant’s Pension exceeds $1,000 but does not exceed
$5,000, upon the Participant’s termination of employment (determined in accordance with Section 7.5(a)(i)), and the Participant fails to affirmatively elect to have his entire Accrued Benefit distributed, the Committee shall distribute the
Participant’s benefit in the form of a rollover distribution as described in paragraph (d) below. 

 (b)
Effective January 1, 1997, if the present value of a Pension payable under the Plan, as determined under paragraph (a), is more than $5,000 but not more than $6,000, the Participant or Beneficiary may elect to receive payment of such Pension in
a lump sum. In the case of a Pension payable to a Participant, such election shall be considered a selection of an optional form of benefit, and the notice, election and spousal consent provisions of Section 7.4 shall apply. 

(c) The present value of a single (lump sum) Pension under this Section 7.5 shall be determined using the applicable interest rate
and the applicable morality table. For this 

  
 44 

 
purpose the “applicable interest rate” shall be the adjusted first, second and third segment rates that would be determined under Section 430(h)(2)(C) of the Code for the second
month before the first day of the Plan year in which the distribution occurs, or such other time as may be prescribed in applicable regulations, if (i) Section 430(h)(2)(D) of the Code were applied by substituting the average yield for the
month described in Section 430(h)(2)(C)(ii) of the Code for the average 24-month period described in Section 430(h)(2)(D)(i) of the Code, (ii) Section 430(h)(2)(G)(i)(II) of the Code were applied by substituting “section
417(e)(3)(A)(ii)(II)” for the “section 412(b)(5)(B)(ii)(II),” and (iii) the applicable percentage under Section 430(h)(2)(G) of the Code were determined in accordance with the following table: 

 

					
	In case of Plan Years beginning in:	  	The applicable percentage is:	 
	 2008
	  	 	20	% 
	 2009
	  	 	40	% 
	 2010
	  	 	60	% 
	 2011
	  	 	80	% 

 For this purpose, the “applicable mortality table” shall be a mortality table, modified as appropriate by the
Secretary of the Treasury, based on the mortality table specified for the Plan Year under Section 430(h)(3)(A) of the Code (without regard to Section 430(h)(3)(C) or (D) of the Code). 

(d) This paragraph applies to distributions made after December 31, 2001. Notwithstanding any provision of the Plan to the contrary
that otherwise would limit a Distributee’s election, a Distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an Eligible Rollover Distribution that is $500 or more paid directly to an Eligible
Retirement Plan specified by the Distributee in a Direct Rollover. If an Eligible Rollover Distribution is less than $500, a Distributee may not elect to rollover a portion of such distribution. 

For purposes of this paragraph, the following terms shall have the meanings indicated: 

 

	 	(i)	The term “Direct Rollover” means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. 

 

	 	(ii)	The term “Distributee” means a Participant or former Participant, the Participant’s or former Participant’s surviving spouse or former spouse who is
the Alternate Payee under a Qualified Domestic Relations Order, and a Participant’s or former Participant’s non-spouse Beneficiary (but solely in the case of a direct transfer to an individual retirement plan described in
Section 408(a) or (b) of the Code or a Roth IRA described in Section 408A of the Code established for the purpose of distribution). 

  

	 	(iii)	 The term “Eligible Retirement Plan” shall mean an individual retirement account described in Section 408(a) of the Code, an individual
retirement annuity described in Section 408(b) of the Code, a Roth IRA described in Section 408A of the Code (for distributions made after December 31, 2007), an annuity plan described in Section 403(a) of the Code, an annuity
contract described in Section 408A of the Code (for distributions made 

  
 45 

	 	
after December 31, 2007), an annuity plan described in Section 403(a) of the Code, an annuity contract described in Section 403(b) of the Code, an eligible plan under
Section 457(b) of the Code that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state that agrees to separately account for amounts transferred into such plan from this Plan, or a qualified
trust described in Section 401(a) of the Code that accepts a Distributee’s Eligible Rollover Distribution. 

  

	 	(iv)	The term “Eligible Rollover Distribution” shall mean any distribution of all or any portion of the balance to the credit of the Distributee, except that an
Eligible Rollover Distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or
joint life expectancies) of the Distributee and the Distributee’s designated beneficiary, or for a period of ten years or more, any distribution to the extent such distribution is required under Section 401(a)(9) of the Code, and the
portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities), and any other distribution that is reasonably expected to total less
than $200 during a year. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions that are not includible in gross income. However, such portion may be
transferred only to (A) an individual retirement account or annuity described in Section 408(a) or (b) of the Code; (B) for taxable years beginning after December 31, 2001 and before January 1, 2007, to a qualified
trust that is part of a defined contribution plan that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution that is includible in gross income and the portion that is not so
includible; or (C) for taxable years beginning after December 31, 2006, to a qualified trust or an annuity contract described in Section 403(b) of the Code if such trust or contract provides for separate accounting for the portion of
such distribution that is includible in gross income and the portion that is not so includible. 

 (e) In the
event of a mandatory distribution in excess of $1,000 (including the portion of the Participant’s distribution attributable to any rollover contribution) made on or after March 28, 2005, if a Participant does not elect to have such
distribution paid directly to an Eligible Retirement Plan specified by the Participant in a Direct Rollover or to receive the distribution directly, then the Plan will pay the distribution in a Direct Rollover to an individual retirement plan
designated by the Committee. 
 7.6 Designation of Beneficiaries. A Participant who elects a form of benefit that
provides for continued payments after his death shall designate a Beneficiary to receive such payments, and may change such designation prior to the Benefit Commencement Date in accordance with Section 7.4 (subject to the right of the
Participant’s Spouse to consent to any change in accordance with Section 7.4(f) if the Spouse’s original consent did not specifically authorize the Participant to change Beneficiaries). In the case of a Qualified Joint and Survivor

  
 46 

 
or Contingent Annuitant Pension, the Beneficiary designation shall become irrevocable on the Benefit Commencement Date (even if the Beneficiary is the Participant’s spouse and they later
divorce), and no further benefits shall be payable after the death of the Participant and Beneficiary. No designation of a Beneficiary or change thereof shall be effective until it has been received by the Committee. The Committee shall be entitled
to rely upon the last designation filed by the Participant prior to his death. 
 7.7 Benefit Commencement Date.

 (a) The Benefit Commencement Date for each Participant shall be as set forth in the applicable provision of Article V,
subject to the provisions of paragraphs (b) and (c) below. 
 (b) Except as provided in Section 7.5 above and
paragraph (c) below, unless the Participant consents to a later commencement date, the Benefit Commencement Date shall be not later than the 60th day after the close of the Plan Year in which the latest of the following events occurs:

  

	 	(i)	The Participant’s 65th birthday; or 

  

	 	(ii)	The termination of the Participant’s employment with the Employer. 

(c) Effective May 1, 1997, anything else contained herein to the contrary notwithstanding, in no event shall
distribution of a Participant’s Pension begin later than April 1 of the calendar year following the later of the calendar year in which the Participant attains the age of 70 1/2 or retires, or, in the case of a Participant who is a 5% owner (as described in the definition of Highly Compensated Employee), April 1 of the calendar year following the calendar year in which the
Participant attains age 70 1/2. If commencement of a Participant’s Normal Retirement Pension is deferred until after April 1 of the calendar year following the calendar year in which the Participant attains age 70 1/2, the amount of such Participant’s Normal Retirement Benefit shall not be less than the Actuarial Equivalent of his Accrued Benefit as of such date, plus the Actuarial Equivalent of any additional
accrued benefit after such date, reduced by the Actuarial Equivalent of any benefit payments made after such date. 
 7.8 Employment after Normal Retirement Age. 
 (a) A Participant shall not
receive a Pension for any calendar month, including the calendar month in which, or any calendar month following which, he satisfies the requirements for a Normal Retirement Pension under Section 5.1, if during any such calendar month he
completes at least 40 Hours of Service. 
 (b) Subject to Section 7.7(c), if a Participant who continues to be employed or
is re-employed by the Employer after he satisfies the requirements for a Normal Retirement Pension completes less than 40 Hours of Service during any calendar month, such Participant shall be considered retired and shall receive his Pension under
the Plan. Any employment by the Participant during any calendar month in which he receives Compensation for less than 40 Hours of Service shall not be considered as part of his period of Credited Service. 

  
 47 

 (c) Upon the death of a Participant who continues his employment beyond the attainment of
his Normal Retirement Age and who is not considered retired in accordance with the provisions of this Section 7.8, the provisions of Sections 7.2 or 7.3 (as applicable) shall be operative, and the Pension payable thereunder shall commence as of
the first day of the month coincident with or immediately following the Participant’s death in the amount which would have been payable had the Participant retired on the day immediately preceding his death. 

(d) The Committee shall provide each Participant who either continues to be employed, or is re-employed, after attaining his Normal
Retirement Age with a written notice, which shall satisfy the requirements of Department of Labor Regulations Section 2530.203-3, that his continued employment will result in the suspension of his Pension pursuant to this Section 7.8.

 7.9 Retroactive Annuity Starting Date. In the event a Participant affirmatively elects for their benefits to commence
as of a Retroactive Annuity Starting Date, this Section 7.9 shall apply: 
 (a) Except as provided herein, the written
explanation described in Section 7.4(b) shall be provided to the Participant within no more than 180 days (90 days for Plan Years beginning before May 1, 2007) and no fewer than 30 days prior to the Date of Distribution based upon the
Participant’s election of a Retroactive Annuity Starting Date. Notwithstanding the foregoing, the Date of Distribution may occur more than 180 days (90 days for Plan Years beginning before May 1, 2007) after the date of the issuance of the
written explanation as a result of administrative delay. In the event distribution of the Participant’s benefit does not occur within the applicable period following the issuance of the written explanation for reasons other than administrative
delay, the Committee shall furnish the Participant with another written explanation. The Participant (with his spouse’s consent, if applicable) may, in writing, waive the requirement that benefits not be distributed fewer than 30 days after the
Participant’s receipt of the written explanation, in which case benefits will not be distributed in less than seven days after the written explanation is furnished. The Participant’s election to commence benefit receipt must be made after
the written explanation is provided, and on or before the date the first distribution is made. 
 (b) The Participant’s
spouse as of the Date of Distribution, including an alternate payee under the terms of a Qualified Domestic Relations Order, must consent to the Participant’s election of the Retroactive Annuity Starting Date. Spousal consent, however, is not
required in the event the survivor benefits that would be payable to the Participant’s spouse as of the Retroactive Annuity Starting Date are not less than the survivor benefits that would be payable to the Participant’s spouse in an
optional form of benefit that satisfies the Qualified Joint and Survivor Pension requirements as of a benefit commencement date which occurs subsequent to the date the written explanation is furnished. Additionally, spousal consent is not required
if the Participant’s spouse as of the Retroactive Annuity Starting Date would not be the Participant’s spouse as of the date benefits actually commence, unless otherwise required by the terms of a Qualified Domestic Relations Order.

 (c) A Participant may not select a Retroactive Annuity Starting Date that precedes the date upon which the Participant could
have otherwise started receiving benefits under the terms of Section 7.1. A Participant shall be deemed to have elected a Retroactive 

  
 48 

 
Annuity Starting Date and receive distributions subject to this Section 7.9 even if the Participant’s benefits hereunder are adjusted in order to comply with Sections 417(e)(3) and 415
of the Code. 
 (d) Future periodic payments with respect to a Participant who elects a Retroactive Annuity Starting Date shall
be the same as the future periodic payments, if any, that would have been paid with respect to the Participant had payments actually commenced on the Retroactive Annuity Starting Date. Each Participant to whom this Section 7.9 applies shall be
paid make-up payments to reflect any missed payment or payments for the period from the Retroactive Annuity Starting Date to the date of the actual make-up payment (with the appropriate adjustment for interest from the date of the actual make-up
payment). Said payments shall comply, in all respects, with the requirements of Sections 417(e)(3) and 415 of the Code, with the applicable interest rate and applicable mortality table determined as of that date. Distributions hereunder consisting
of make-up payments under this paragraph (d) shall not constitute “eligible rollover distributions” within the meaning of Section 401(a)(31) of the Code. 
 (e) Distributions (including interest adjustments) made hereunder as of a Retroactive Annuity Starting Date are intended to satisfy the annual benefit limitation of Section 415 of the Code in
accordance with this Section 7.9(e). Distributions under this Section 7.9 shall satisfy the annual benefit limitation of Section 415 of the Code as of the Date of Distribution, for all purposes, including for purposes of determining
the applicable interest rate and the applicable mortality table. In the event the Participant’s benefit would have been exempt from the present value requirements of Section 417(e)(3) of the Code if the benefit commenced on the Retroactive
Annuity Starting Date, the annual benefit limitation of Section 415 of the Code shall not be applied as of the Date of Distribution, if such date is 12 months or less from the Retroactive Annuity Staring Date. Instead, the annual benefit
limitation of Section 415 of the Code shall be applied as of the Retroactive Annuity Starting Date. 
 (f) In the event the
Participant’s benefit would have been subject to the present value requirements of Section 417(e)(3) of the Code had distributions commenced on the Retroactive Annuity Starting Date, the Participant’s benefit entitlement shall not be
less than the benefit produced by applying the applicable interest rate and the applicable mortality table determined as of the Date of Distribution, to the forms of benefit under this Article VII that corresponds to the benefit that was used to
determine the Participant’s benefit entitlement as of the Retroactive Annuity Starting Date. 
 (g) The purpose of this
Section 7.9 is to conform the requirements governing Retroactive Annuity Starting Dates as set forth in Treasury Regulations section l.417(e)-1, as now in effect or as hereunder amended. To the extent this Section 7.9 is inconsistent
with said regulations, Treasury Regulations Section l.417(e)-1 shall govern and control. 
 7.10 Required Minimum
Distributions. Notwithstanding any other provisions of the Plan, the following will apply as of January 1, 2003, and to the extent of any conflict with existing provisions of the Plan, the following shall supersede the existing provisions.

 (a) Death of Participant before Distributions Begin. If the Participant dies before distributions begin, the
Participant’s entire interest will be distributed, or begin to be distributed, no later than as follows: 
  

	 	(i)	 If the Participant’s surviving spouse is the Participant’s sole designated beneficiary, then distributions to the surviving, spouse will
begin by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later. 

  
 49 

	 	(ii)	If the Participant’s surviving spouse is not the Participant’s sole designated beneficiary, then distributions to the designated beneficiary will begin by
December 31 of the calendar year immediately following the calendar year in which the Participant died. 

  

	 	(iii)	following the year of the Participant’s death, the Participant’s entire interest will be distributed by December 31 of the calendar year containing the
fifth anniversary of the Participant’s death. 

  

	 	(iv)	if the Participant’s surviving spouse is the Participant’s sole designated beneficiary and the surviving spouse dies after the Participant but before
distributions to the surviving spouse begin, this paragraph (a), other than subparagraph (a)(i), will apply as if the surviving spouse were the Participant. 

(b) Form of Distribution. Unless the Participant’s interest is distributed in the form of a lump-sum payment on or before the
required beginning date referenced in Section 7.7(c), as of the first Distribution Calendar Year, distributions will be made in accordance with paragraphs (c), (d), (e), (f), (g), (h) and (i) hereof. If the Participant’s
interest is distributed in the form of an annuity purchased from an insurance company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury Regulations. 

(c) Payment in the Form of an Annuity. If the Participant’s interest is paid in the form of annuity distributions under the Plan,
payments under the annuity shall satisfy the following requirements: 
  

	 	(i)	The annuity distributions will be paid in periodic payments made at intervals not longer than one year. 

 

	 	(ii)	The distribution period will be over a life (or lives) or over a period certain not longer than the period described in paragraphs (d), (e), (f), (g), (h) and
(i) hereof. 

  

	 	(iii)	Once payments have begun over a period certain, the period certain will not be changed even if the period certain is shorter than the maximum permitted.

  

	 	(iv)	Payments will either be nonincreasing or increase only as follows: 

  

	 	(A)	By an annual percentage increase that does not exceed the annual percentage increase in a cost-of-living index that is based on prices of all items and issued by the
Bureau of Labor Statistics; 

  
 50 

	 	(B)	To the extent of the reduction in the amount of the Participant’s payments to provide for a survivor benefit upon death, but only if the beneficiary whose life was
being used to determine the distribution period described in paragraph (f) dies or is no longer the Participant’s beneficiary pursuant to a Qualified Domestic Relations Order within the meaning of a Section 414(p) of the Code; or

  

	 	(C)	To pay increased benefits that result from a Plan amendment. 

 (d) The amount that must be distributed on or before the Participant’s required beginning date (or, if the Participant dies before distributions begin, the date distributions are required to begin
under paragraph (a)) is the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Payment intervals are the
periods for which payments are received, e.g., bi-monthly, monthly, semi-annually, or annually. All of the Participant’s benefit accruals as of the last day of the first Distribution Calendar Year will be included in the calculation of the
amount of the annuity payments for payment intervals ending on or after the Participant’s required beginning date. 
 (e)
Additional Accruals after First Distribution Year. Any additional benefits accruing to the Participant in a calendar year after the first Distribution Calendar Year will be distributed beginning with the first payment interval ending in the calendar
year immediately following the calendar year in which such amount accrues. 
 (f) This paragraph (f) shall govern the
requirements for annuity distributions that commence during the Participant’s lifetime. 
  

	 	(i)	If the Participant’s interest is being distributed in the form of a Qualified Joint and Survivor Pension for the joint lives of the Participant and a nonspouse
beneficiary, annuity payments to be made on or after the Participant’s required beginning date to the designated beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity payment for
such period that would have been payable to the Participant using the table set forth in Treasury Regulations Section 1.401(a)(9)-6T, Q&A-2. If the form of distribution combines a Qualified Joint and Survivor Pension for the joint lives of
the Participant and a nonspouse beneficiary and a period certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the designated beneficiary after the expiration of the period certain.

  

	 	(ii)	 Unless the Participant’s spouse is the sole designated beneficiary and the form of distribution is a period certain and no life annuity, the
period certain for an annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in Treasury Regulations
Section 1.401(a)(9)-9 for the calendar year that contains the annuity starting date. If the annuity starting date precedes the year in 

  
 51 

	 	
which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under such Uniform Lifetime Table plus the excess of 70 over the
age of the Participant as of the Participant’s birthday in the year that contains the annuity starting date. If the Participant’s spouse is the Participant’s sole designated beneficiary and the form of distribution is a period certain
and not life annuity, the period certain may not exceed the longer of the Participant’s applicable distribution period, as determined under this paragraph (f)(ii), or the joint life and last survivor expectancy of the Participant and the
Participant’s spouse as determined under the Joint and Last Survivor Table set forth in Treasury Regulations Section 1.401(a)(9)-9, using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s
birthdays in the calendar year that contains the annuity starting date. 

 (g) If the Participant dies before the
date distribution of his or her interest begins and there is a designated beneficiary, the Participant’s entire interest will be distributed, beginning no later than the time described in paragraph (a)(i) or (a)(ii) over the life of the
designated beneficiary or over a period certain not exceeding: 
  

	 	(i)	Unless the annuity starting date is before the first Distribution Calendar Year, the life expectancy of the designated beneficiary determined using the
beneficiary’s age as of the beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or 

 

	 	(ii)	If the annuity starting date is before the first Distribution Calendar Year, the life expectancy of the designated beneficiary determined using the beneficiary’s
age as of the beneficiary’s birthday in the calendar year that contains the annuity starting date. 

 (h) If
the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be
completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 
 (i) If
the Participant dies before the date distribution of his or her interest begins, the Participant’s surviving spouse is the Participant’s sole designated beneficiary, and the surviving spouse dies before distributions to the surviving
spouse begin, paragraphs (g), (h) and (i) will apply as if the surviving spouse were the Participant, except that the time by which distributions must begin will be determined without regard to paragraph (a)(i). 

  
 52 

 ARTICLE VIII 
 APPLICATION FOR BENEFITS, CLAIMS PROCEDURE 
 AND GENERAL
PROVISIONS 
 8.1 Advance Written Applications Required. An application for the commencement of a Pension must be
made in writing on a form and in a manner prescribed by the Committee, and must be submitted to the Committee in care of the Personnel Department of the Employer by a Participant or Beneficiary, or authorized representative acting on his behalf (the
“claimant”). A claimant’s benefits shall, subject to the applicable provision of Article V and the provisions of Section 7.7, commence: 
 (a) Except as provided in paragraph (b) below, on the first day of the month which follows his eligibility for a Pension and which is at least one month after the date on which he filed his
application. 
 (b) If the day determined in paragraph (a) above is more than two months after the close of the Plan Year
in which he attained his Normal Retirement Age and more than two months after the close of the Plan Year in which he was last employed by the Employer, the Company or any Related Company, his benefits shall commence on the first day of the third
month after the close of such Plan Year. 
 Anything to the contrary notwithstanding, when the Employer terminates the
employment of a Participant, the application requirement shall be waived when the effective date of such termination is less than 60 days prior to the effective date of Retirement. 

8.2 Information Required. The claimant shall furnish the Committee with any information or proof requested by it and reasonably
required to administer the Plan. The Committee shall be the sole judge of the standard of proof required in any case. No application shall be considered complete until such information or proof requested by the Committee is submitted. 

8.3 Denial of Benefits. In the event that any application for benefits is denied, in whole or in part, the Committee shall notify
the claimant in writing of such denial and of his right to a review by the Committee and shall set forth, in a manner calculated to be understood by the claimant, the specific reasons for such denial, specific references to pertinent Plan provisions
on which the denial is based, a description of any additional material or information necessary for the claimant to perfect his application, an explanation of why such information is necessary and an explanation of the Plan’s review procedure
and the method of appeal as set forth in Section 8.4. Such notice shall be furnished not more than 90 days after the claim is filed, unless special circumstances require an extension of such period for not more than an additional 90 days and
the applicant is notified of such extension by the end of the original 90-day period. 
 8.4 Review Procedure. A claimant
who has received notice that his application has been denied may, within 60 days of receipt of such notice, secure review by written request addressed to the Committee in care of the Personnel Department of the Employer. In connection with such an
appeal for a review, the claimant shall have the right to information available to the Committee which may be relevant to his appeal and may submit 

  
 53 

 
arguments or comments in writing. The Committee shall render a decision as soon as possible and within 60 days after the request for a review unless special circumstances, such as the need to
hold a hearing, require an extension of up to an additional 60 days; provided, however, that if the Committee (or a subcommittee designated to resolve such appeals) holds regularly scheduled meetings at least quarterly, the decision shall be made
not later than the next meeting of the Committee or subcommittee held at least 30 days after the appeal is received or, if special circumstances require, the next meeting following such meeting. The decision shall be by the full Committee, or by a
subcommittee for the full Committee or any fiduciary named for that purpose by a standing resolution of the Committee delegating such review authority, and shall be submitted to the claimant in writing and shall include the specific reason or
reasons for the decision and the specific references to the provisions of the Plan on which the decision is based, and such decision shall be final and binding on the claimant. 

8.5 Responsibility for Correctness of Address. Neither the Committee nor the Employer shall be required to determine, or to make
an investigation to determine, the identity or mailing address of any Participant, and the Committee shall have discharged its obligation when it shall have sent checks and other papers by registered or certified mail to such Participant at such
address as may be designated to it by such Participant or, if he makes no such designation, at his last address on the records of the Employer. 
 8.6 Payments for Incompetents. In the case of incompetency, either mental or physical, of any Participant or Beneficiary, payments shall be made to the court-appointed guardian of such person who
has satisfied the Committee that he or it is caring for said Participant or Beneficiary, and any such payments shall be a complete discharge of the liabilities under the Plan. 
 8.7 Non-Alienation of Benefits. 
 (a) Except with respect to Federal income
taxes, effective January 1, 1998, certain judgments or settlements in accordance with Section 401(a)(13)(C) of the Code, or payments pursuant to a Qualified Domestic Relations Order in accordance with paragraph (b), no benefit payable at
any time under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, attachment, charge, garnishment, levy or encumbrance of any kind, voluntary or involuntary, and any attempt to encumber such
benefit in any way whatsoever shall be void. No benefit shall be subject in any manner to the debts or liabilities of any person to whom the benefit is or shall be payable. 
 (b) Upon receiving any order, judgment or decree which may be a Qualified Domestic Relations Order, the Committee shall promptly notify the Participant involved and any Alternate Payee of the receipt of
the order and of the Plan’s procedure for determining whether the order is a Qualified Domestic Relations Order, and shall proceed to determine whether the order is a Qualified Domestic Relations Order. During the period during which it is
being determined whether such order is a Qualified Domestic Relations Order, any payments which would, under such order, be payable to an Alternate Payee, shall be placed in a separate account in the Trust. If, within 18 months after the day on
which payments pursuant to such order would be required to begin, the Committee determines that such order is a Qualified Domestic Relations Order, the amount of such separate account, with any earnings thereon, shall be paid to the Alternate Payee
as provided in such order. If the status of such order has not been 

  
 54 

 
established within such 18-month period, or if it is determined that the order is not a Qualified Domestic Relations Order, the amount of such separate account shall be paid to the Participant,
or, if it would not otherwise have been payable currently, shall be restored to the Participant’s Accrued Benefit. Any determination made after the end of such 18-month period shall be applied prospectively only. 

  
 55 

 ARTICLE IX 
 ADMINISTRATIVE COMMITTEE AND PLAN ADMINISTRATOR 
 9.1 Appointment
of Committee. 
 (a) The Board may appoint an Administrative Committee consisting such number of persons as designated by
the Board (which shall not be less than one) who shall serve at the pleasure of the Board. The Committee shall appoint one of its members to act as its Chairman and one of its members to act as its Secretary and who shall keep minutes of the
Committee’s proceedings. The Committee may act by a majority of its appointed members, and such action may be taken from time to time by a vote at a meeting or in writing without a meeting. The Committee may authorize any one of its members or
its Secretary to execute any document on its behalf. 
 (b) In the event that the Board fails to appoint an Administrative
Committee pursuant to Section 9.1(a) or in the event that the Board has terminated such appointment, and has failed to appoint a successor Administrative Committee, then until such time, if ever, as the Board appoints such an Administrative
Committee, the Plan Administrator shall have the same powers and duties under the Plan as the Committee, and all references in this Plan to the Committee shall be deemed to refer to the Plan Administrator. In such event, the powers of the Committee
may be exercised by the President of the Employer or such person as he may designate or, in the absence of such designation, by the officers and management employees of the Employer generally responsible for matters involving personnel and employee
benefits. 
 9.2 Committee Actions. The Committee may adopt such by-laws, rules and regulations as it deems necessary,
desirable or appropriate for the conduct of its affairs. All rules and decisions of the Committee shall be uniformly and consistently applied to all Participants and Beneficiaries in similar circumstances. When making a determination, the Committee
shall be entitled to rely upon information furnished by a Participant or Beneficiary, the Employer, the legal counsel of the Employer or the Trustee, and shall have no duty or responsibility to verify such information. 

9.3 Resignation or Removal of Committee Member. 
 (a) Any member of the Committee may resign from office at any time by notifying the Employer and the other members of the Committee in writing, at least ten days in advance, of such resignation; provided,
however, that such notice may, at the option of the parties, be waived. 
 (b) Any member of the Committee may be removed from
office by the Employer at any time, with or without cause. Such removal shall be effectuated by the tendering to such member and the other members of the Committee of a written notice of removal, to take effect on the date specified therein;
provided, however, that such notice may, at the option of the parties, be waived. 
 (c) Upon such resignation or removal of a
member of the Committee, or upon his death, the Board shall promptly appoint a successor member of the Committee, and shall give 

  
 56 

 
prompt written notice thereof to the other members of the Committee. In the event of the failure of the Board to appoint such successor by the effective date of such resignation or removal, or
within ten days after such death, the remaining members of the Committee may appoint such successor. 
 (d) Each successor
member of the Committee shall have all the powers, duties, responsibilities and obligations conferred by the Plan as if originally named to the Committee. No successor member of the Committee shall be personally liable for any act or failure to act
of his predecessor or shall have any duty to review the actions of his predecessor. 
 9.4 Powers and Duties of
Committee. The Committee shall be the named fiduciary of the Plan under ERISA and, in such capacity, shall have the responsibility for, and the authority to manage the operation and administration of, the Plan. The Committee shall have all
powers and duties which are reasonably necessary to carry out its responsibilities under the Plan, including but not limited to the power to: 
 (a) employ investment managers and advisors, accountants, legal counsel, consultants and actuaries and any other person or organization it feels necessary or proper to assist it in the performance of its
duties under the Plan, and all reasonable expenses therefor shall be paid as provided in Section 10.6; 
 (b) administer
and construe the Plan, and correct any defects or supply any omission or reconcile any inconsistency in such manner and to such extent as it shall deem expedient to carry out the purpose of the Plan; provided, however, that a member of the Committee
shall not individually act on any matter relating to himself; 
 (c) communicate its decisions and directions to the Trustee, a
Participant, the Employer or to any other person or organization who is to receive such decision or direction, which may be relied upon by its recipient as being the binding decision of the Committee; 

(d) allocate or delegate, among the members of the Committee or to any other person, any fiduciary responsibility (other than trustee
responsibilities) with respect to the Plan; 
 (e) determine the amount of and eligibility for benefits under the Plan;
provided, however, that all such determinations shall be made on a uniform and non-discriminatory basis; and 
 (f) establish
rules, regulations and procedures for the administration of the Plan. To the extent consistent with applicable provisions of ERISA and the Code, such rules, regulations and procedures may alter any provision of the Plan that is administrative or
procedural in nature (including any provision that specifies the time for performing any act), and any such rule, regulation or procedure shall be deemed incorporated into the Plan without the necessity of an amendment. 

All determinations and interpretations of the Plan by the Committee, and all rules, regulations, and procedures adopted by the Committee, which are
consistent with the fiduciary requirements of ERISA shall be final and binding on all Participants, Beneficiaries and other persons claiming any interest in the Plan. 

  
 57 

 9.5 Discharge of Fiduciary Responsibilities. Each member of the Committee, and any
other fiduciary under the Plan, shall discharge his duties and responsibilities with respect to the Plan: 
 (a) solely in the
interest of the Participants and Beneficiaries, for the exclusive purpose of providing benefits to the Participants and Beneficiaries and defraying reasonable expenses of administering the Plan; 

(b) with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity
and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; 
 (c) by
diversifying the investments of the Plan so as to minimize the risk of large losses, unless under the circumstances it is prudent not to do so; and 
 (d) in accordance with the documents and instruments governing the Plan insofar as such documents and instruments are consistent with the applicable provisions of ERISA. 

9.6 Records Required. To put into effect the purposes of the Plan, the Committee shall cause to be maintained by the Employer a
record of the Compensation applicable to each Participant, the Beneficiaries designated by each Participant, the Participant’s years of Credited Service, and such other records as may be required for the efficient administration of the Plan.

 9.7 Indemnification. The Employer shall indemnify and save harmless the Committee, each member of the Committee, and
any officer or employee of the Employer exercising any of the powers of the Plan Administrator from and against any and all loss resulting from any liability to which such person may be subjected by reason of any act or conduct (except willful
misconduct or gross negligence) in their official capacities in the administration of the Plan, including all expenses reasonably incurred in their defense if the Employer fails to provide such defense. 

9.8 Liability of Committee. The Employer shall reimburse the Committee for any bond or other security required by law. The
Employer agrees, to the extent permitted by law, that it shall pay any insurance premium as directed by the Committee or (in default of a direction by the Committee) shall reimburse any member of the Committee for any insurance policy procured by
the Committee (or a member) insuring any member of the Committee and any of its agents with respect to any liability which may be imposed by reason of any act or failure to act in carrying out the fiduciary obligations imposed upon any of them.

 9.9 Plan Administrator. 
 (a) The Employer, or such person as the Company shall designate pursuant to paragraph (b), shall serve as the Administrator of the Plan. The Administrator shall be the “plan administrator” as
defined in Section 414(g) of the Code, and the “administrator” as defined in Section 3(16)(A) of ERISA. The Administrator shall have the duty to file such plan descriptions and annual reports as may be required by ERISA or
similar legislation and shall be designated to accept service of legal process and any other notices for the Plan. 
 (b) The
Company shall have the authority to appoint another corporation or one or more persons to serve as the Administrator hereunder, in which event such corporation or person (or persons) shall exercise all of the powers, duties, responsibilities and
obligations of the Administrator hereunder. 

  
 58 

 ARTICLE X 
 CONTRIBUTIONS AND FUNDING 
 10.1 General. 

(a) The Trustee shall hold, invest and distribute the assets of the Trust Fund and shall serve at the pleasure of the Board. All
contributions made by the Employer under the Plan shall be paid to the Trustee. 
 (b) All Employer contributions made under the
Plan are expressly conditional upon the qualification of the Plan under Section 401(a) of the Code and upon the deductibility of the contribution under Section 404 of the Code in the Plan Year for which such contribution is made and any
amount which subsequently determined to be non-deductible in such Plan Year, or which is otherwise based on a good faith mistake of fact, shall be returned to the Employer in accordance with Section 13.1. 

10.2 Amount of Contributions. The Employer shall make contributions to the Trust Fund in such amounts and at such times as shall
be determined by the Board in accordance with a funding method and policy to be established by the Employer which shall be consistent with the Plan’s objectives and in full compliance with the minimum funding requirements imposed under Title I
of ERISA. 
 10.3 Payment of Contributions. The Employer’s contribution shall be paid to the Trustee in cash.

 10.4 Time for Payment. Except to the extent that quarterly or more frequent contributions are
required by Section 412 of the Code, all contributions made by the Employer shall be delivered to the Trustee not later than the earlier of (a) the date prescribed by law (including any extensions thereof) for the filing of the
Employer’s federal income tax return for the Plan Year for which such contribution is made or
(b) 2 1/2 months after the end of the Plan Year, plus any extensions granted by the Internal Revenue Service under Section 412(c)(10) of the Code. 

10.5 Forfeitures. Amounts that are forfeited by a Participant because of termination of employment before becoming eligible for a
Pension shall be used to reduce the Employer’s contribution to the Trust Fund as provided in Section 10.1, and shall not be applied to increase the benefits otherwise payable under the Plan to the remaining Participants. 

10.6 Payment of Benefits and Expenses. The Trust Fund shall be used to pay benefits as and to the extent provided in the Plan. The
Employer shall not have any obligation to make or continue from its own funds any Pension or other payment provided for in the Plan. Unless the Employer pays the expenses of the Plan directly, they shall be paid from the Trust Fund. 

10.7 Participant Contributions. Participants are not required or permitted to make any contributions under the Plan. 

  
 59 

 ARTICLE XI 
 EMPLOYEE RIGHTS 
 11.1 Benefits of Participants and
Beneficiaries. Every Participant and Beneficiary receiving benefits under the Plan shall be entitled to receive, on a regular basis, a written account of his personal benefit status and of the relevant terms of the Plan which provides these
benefits. 
 11.2 Protection from Reprisal. No Participant or Beneficiary may be discharged, fined, suspended, expelled,
disciplined, or otherwise discriminated against for exercising any right to which he is entitled or for cooperating with any inquiry or investigation under the provisions of the Plan or any governing law or regulations, including ERISA. No person
shall, directly or indirectly, through the use or threatened use of fraud, force or violence, restrain, coerce or intimidate any Participant or Beneficiary for the purpose of interfering with or preventing the exercise of or enforcement of any
right, remedy or claim to which he is entitled under the terms of the Plan or any governing law or regulations, including ERISA. 
 11.3 Non-Guarantee of Employment. Participation in the Plan shall not grant any Participant the right to be retained in the service of the Employer nor form a part of any employment agreement nor
grant any other rights or interest in the Plan assets other than those specifically set forth herein, nor shall it be construed as giving any Participant any equity or other interest in the assets, business or affairs of the Employer. 

11.4 Nonforfeitability of Benefits. Subject only to the specific provisions of the Plan, nothing shall be deemed to divest a
Participant during his lifetime of his right to the nonforfeitable benefit to which he becomes entitled in accordance with the provisions of the Plan. 
 11.5 No Decrease in Benefits. In the case of a Participant or Beneficiary who is receiving benefits under the Plan, or a Participant who is separated from service and who has nonforfeitable rights
to benefits, such benefits shall not be decreased by reason of any increase in the benefit levels payable under Title II of the Social Security Act or any increase in the wage base under such Title II, if such increase takes place after the earlier
of the date of first receipt of such benefits or the date of such separation. 

  
 60 

 ARTICLE XII1 

AMENDMENT AND TERMINATION 
 12.1 Permanency. Although it is the expectation of the Employer that the Plan and the payment of contributions hereunder shall be continued indefinitely, the continuance of the Plan is not assumed
as a contractual obligation of the Employer. The Plan may be amended or terminated only as provided in this Article XII. 
 12.2
Amendments. 
 (a) The Employer reserves the right to amend the Plan from time to time by action of the Board or any
person to whom the Board may delegate such right, and to modify or cancel any such amendments. Any amendments shall be as set forth in an instrument in writing executed by the Employer. 

(b) No amendment to this Plan shall: 
  

	 	(i)	Cause any of the assets of the Trust Fund to be used for or diverted to purposes other than for the exclusive benefit of Participants and their Beneficiaries, except as
provided in Article XIII; 

  

	 	(ii)	Except as permitted by Section 411(d)(6) of the Code or Treasury Regulations issued thereunder, have any retroactive effect so as to deprive any Participant or
Beneficiary of any benefit already accrued or eliminate or reduce any early retirement benefit or retirement-type subsidy or eliminate any optional form of benefit with respect to a Participant’s Accrued Benefit; provided, that a
Participant’s accrued benefit, early retirement benefit, retirement-type subsidy or optional form of benefit may be reduced to the extent permitted under Section 412(c)(8) of the Code (for Plan Years beginning before January 1, 2008)
or Section 412(d)(2) (for Plan Years beginning after December 31, 2007) of the Code, or to the extent permitted under Treasury Regulations Sections 1.411(d)-3 and 1.411(d)-4. 

 

	 	(iii)	Create or effect any discrimination in favor of Participants who are highly compensated or who are officers of the Employer; or 

 

	 	(iv)	Affect the rights, responsibilities or duties of the Trustee without first obtaining the Trustee’s written consent thereto. 

12.3 Permanent Discontinuance of Contributions. The permanent discontinuance of contributions by the Employer shall not be deemed
to be a complete or partial termination of the Plan or operate to accelerate any payments or distributions to or for the benefit of the Participants. The Trustee shall continue to administer the Trust in accordance with the provisions thereof.

  
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 12.4 Termination. In accordance with the procedures set forth in this Article XII,
the Employer may terminate the Plan at any time. In the event of the dissolution, merger, consolidation or reorganization of the Employer, the Plan shall terminate and the Trust Fund shall be liquidated unless the Plan is continued by a successor to
the Employer, in which event provision may be made by the successor for continuing the Plan and, in that event, the successor shall be automatically substituted for the Employer under the Plan. In the event that the Employer is judicially declared
to be bankrupt or insolvent, the Plan shall be terminated. Subject to the applicable requirements, if any, of ERISA governing the termination of employee pension benefit plans (as defined in ERISA), the Employer shall direct and require the Trustee
to liquidate the Trust Fund, or the applicable portion thereof, in accordance with the provisions of this Article XII. 
 12.5
Partial Termination. Upon termination of the Plan with respect to a group of Participants that constitutes a partial termination of the Plan the Employer shall cause the proportionate interest of the Participants affected by such partial
termination to be determined. The determination of such proportionate interest shall be done in an equitable manner, considering the remaining Participants as well as the Participants affected by the termination, and on the basis of the
contributions made by the Employer, the provisions of this Article XII and other appropriate considerations. After such proportionate interest has been determined, the Trustee shall allocate and segregate the assets of the Trust Fund according to
such proportionate interest. Neither the Trustee nor the Committee shall have any responsibility with respect to the determination of any such proportionate interest. The assets of the Trust Fund so allocated and segregated shall be used by the
Trustee to pay benefits to or on behalf of Participants in accordance with the provisions of Sections 12.6 and 12.7. 
 12.6
Liquidation of Trust Fund. Upon the termination of the Plan, or upon the termination of employment by a group of Participants which constitutes a partial termination of the Plan, the Accrued Benefit of each Participant affected by the
termination shall, as of the date of termination, become fully vested and nonforfeitable to the extent funded, but such Participants’ recourse toward satisfaction of the right thereto shall be limited to the assets of the Trust Fund or the
portion thereof segregated in accordance with Section 12.5. The assets of the Trust Fund, or the portion thereof segregated in accordance with Section 12.5 above, shall be liquidated (after provision is made for the expenses of
liquidation) and shall be allocated by the Committee among the affected Participants (and their Beneficiaries) in the following order of priority: 
 (a) First, in the case of benefits payable as a Pension: 
  

	 	(i)	In the case of a Pension which was in pay status as of the beginning of the three-year period ending on the termination of the Plan, to each such Pension, based on the
provisions of the Plan (as in effect during the five-year period ending on such date) under which such Pension would be the least; or 

  

	 	(ii)	 In the case of a Pension which would have been in pay status as of the beginning of such three-year period if the Participant had retired prior to the
beginning of the three-year period and if his Pension had commenced (in the standard form of a Pension under the Plan) as of the beginning of 

  
 62 

	 	
such period, to each such benefit based on the provisions of the Plan (as in effect during the five-year period ending on such date) under which the Pension would be the least.

  

	 	(iii)	For purposes of this first priority, the lowest Pension in pay status during the three-year period shall be considered the Pension in pay status for such period.

 (b) Second: 
  

	 	(i)	To all other benefits (if any) of individuals under the Plan guaranteed under Title IV of ERISA (determined without regard to the limitation in the amount of monthly
benefits computed by multiplying $750 by a fraction, the numerator of which is the contribution and benefit base pursuant to Section 230 of the Social Security Act at the time the Plan terminates and the denominator of which is such
contribution and benefit base in effect in calendar year 1974); and 

  

	 	(ii)	To the additional benefits (if any) which would be determined under paragraph (a) above, if the restrictions on benefits with respect to a Participant who owns,
directly on indirectly, more than 10% in value of either the voting stock of the Employer did not apply. 

 (c)
Third, to all other nonforfeitable benefits under the Plan. 
 (d) Fourth, to all other benefits under the Plan.

 12.7 Allocation Procedures. For purposes of Section 12.6 above: 

(a) The amount allocated under any paragraph of Section 12.6 with respect to any benefit shall be properly adjusted for any
allocation of assets with respect to that benefit under a prior paragraph of such Section 12.6. 
 (b) If the assets
available for allocation under any paragraph of Section 12.6 (other than paragraphs (c) and (d)) are insufficient to satisfy in full the benefits of all individuals which are described in that paragraph, the assets shall be allocated pro
rata among such individuals on the basis of the actuarial present value (as of the termination date) of the respective benefits described in that paragraph. 
 (c) This paragraph (c) applies if the assets available for allocation under Section 12.6(c) are not sufficient to satisfy in full the benefits of individuals described therein. 

 

	 	(i)	If this subparagraph applies, except as provided in subparagraph (ii) below, the assets shall be allocated to the benefits of individuals described in
Section 12.6(c) on the basis of the benefits of individuals which would have been described in such Section 12.6(c) under the Plan as in effect at the beginning of the five-year period ending on the date of Plan termination.

  

	 	(ii)	If the assets available for allocation under subparagraph (i) above are sufficient to satisfy in full the benefits described in such subparagraph (without regard
to this subparagraph), then for purposes of subparagraph (i) the benefits of individuals described in such subparagraph shall be determined on the basis of the Plan as amended by the most recent Plan amendment effective during such five-year
period under which the assets available for allocation are sufficient to satisfy in full the benefits of individuals described in subparagraph (i), and any assets remaining shall be allocated under subparagraph (i) on the basis of the Plan as
amended by the next succeeding Plan amendment effective during such five-year period. 

  
 63 

 (d) If the Secretary of the Treasury (or his delegate) determines that any allocation made
pursuant to this Section 12.7 (without regard to this paragraph) results in discrimination prohibited by Section 401(a)(4) of the Code, then, if required to prevent the disqualification of the Plan (or the Trust Fund) under the Code, the
assets allocated under Sections 12.6(b)(ii), 12.6(c) and 12.6(d) shall be reallocated to the extent necessary to avoid such discrimination. 
 (e) If the assets allocable pursuant to this Section 12.7 shall prove to be insufficient to provide the benefits specified for all members of a group within a particular level of priority specified
therein, then the assets allocable to the members of that group within the particular priorities shall be allocated among members in that group in the following order: 
  

	 	(i)	First, to provide benefits for Participants who have retired and to provide benefits to Beneficiaries of Participants who have died. 

 

	 	(ii)	Second, to provide benefits for all Participants who have attained their Normal Retirement Age but have not yet retired. 

 

	 	(iii)	Third, to provide benefits for all Participants not included above who would have qualified for an Early Retirement Pension on the date of the termination of the
Plan. 

  

	 	(iv)	Fourth, to provide benefits for all other Participants. 

 (f) Except as may be otherwise required by the Pension Benefit Guaranty Corporation, Pensions payable to any Participant or Beneficiary described in Sections 12.6(a) and 12.6(b) above shall continue to be
paid or shall become payable on the first day of the month following the allocation of Plan assets, and all other Pensions shall be payable on the Participant’s Normal Retirement Age. 

(g) If, after a diligent search, the Committee is unable to locate any Participant or Beneficiary entitled to benefits under the Plan, an
amount equal to the designated benefit, as defined in Section 4050 of ERISA, shall be transferred to the Pension Benefit Guaranty Corporation in accordance with said Section 4050, which shall fully discharge all liability of the Plan with
respect to such Participant or Beneficiary. 

  
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 12.8 Distribution Procedures. 

(a) The Plan’s actuary shall calculate the allocation of assets of the Trust Fund in accordance with the above priority categories
and shall certify his calculations to the Employer, the Trustee and the Committee. 
 (b) The provisions of Section 12.6
and 12.7 are intended to comply with the provisions of ERISA. If there is any discrepancy between Sections 12.6 and 12.7 and the provisions of ERISA, such discrepancy shall be resolved in such a way as to comply with ERISA. 

(c) Anything to the contrary notwithstanding, no liquidation of assets and payment of benefits (or provision therefor) shall actually be
made by the Trustee until after it is advised by the Employer in writing that the applicable requirements, if any, of ERISA governing the termination of employee pension benefit plans have been, or are being complied with, or that appropriate
authorizations, waivers, exemptions or variances have been, or are being, obtained. 
 (d) Effective as of the date established
in regulations issued under Section 4050 of ERISA, if the Committee is unable after a diligent effort to locate any Participant entitled to receive benefits under the Plan, the Trustee shall transfer the applicable amount determined under
Section 4050 of ERISA to the Pension Benefit Guaranty Corporation, which shall fully discharge all liability of the Plan with respect to such Participant. 
 12.9 Residual Amounts. In no event shall the Employer receive any amounts from the Trust Fund upon termination of the Plan other than as permitted by Article XIII, except that, and notwithstanding
any other provision of the Plan, the Employer shall receive such amounts, if any, as may remain after the satisfaction of all liabilities of the Plan and arising out of any variations between actual requirements and expected actuarial requirements.

 12.10 Merger, Consolidation or Transfer of Assets or Liabilities. In the case of a merger, consolidation or transfer
of assets or liabilities to any other qualified employee plan, each Participant in the Plan shall (if the Plan had then terminated) receive a benefit immediately after such merger, consolidation or transfer of assets or liabilities which is equal to
or greater than the benefit that the Participant would have been entitled to receive immediately before the merger, consolidation or transfer of assets or liabilities (if the Plan had then terminated). 

12.11 Freeze of Plan. Effective as of and after April 30, 2005, the Plan is frozen. Each Participant’s Accrued Benefit
and participation herein shall be frozen as of said date. 

  
 65 

 ARTICLE XIII 
 NO REVERSION TO EMPLOYER 
 13.1 Trust Fund Recovery.

 (a) Except as otherwise expressly provided herein, no part of the corpus or income of the Trust Fund shall revert to the
Employer or be used for, or diverted to, purposes other than for the exclusive benefit of Participants and their Beneficiaries and payment of the expenses of the Plan and Trust. 

(b) In the event that any portion of a contribution is made by the Employer to the Plan because of either a good faith mistake of fact or
a good faith mistake in determining that such contribution is deductible in the Plan Year for which such contribution is made under Section 404 of the Code, the Trustee shall return to the Employer, upon written notice thereof, an amount equal
to the portion of such contribution which would not have been made but for such mistake of fact, or which is determined to be non-deductible, as the case may be, subject to the following conditions and limitations. No amount shall be returned to the
Employer pursuant to this paragraph (b) unless such amount is returned not later than one year after the date on which the contribution was made in the case of a contribution based on a mistake of fact was made, or the date on which the
deduction is disallowed in case of a contribution mistakenly believed to be deductible. For purposes of the preceding sentence, a deduction shall be considered to be disallowed on either (i) the day on which the Employer voluntarily files an
amended federal income tax return correcting the error; (ii) the day on which the Internal Revenue Service issues a statutory notice of deficiency, notice of final partnership or S corporation administrative adjustment, or other determination
from which no further administrative appeal is possible, which notice is based in whole or part upon disallowance of such deduction, provided that, if applicable, no person files a timely petition for judicial review of such determination; or
(iii) if such a petition for judicial review is filed, the day on which a final judgment is entered dismissing such petition or upholding the disallowance of such deduction from which judgment no further appeal is possible, or as to which the
time for filing an appeal expires. The amount returned to the Employer shall not include any earnings attributable to the erroneous contribution, but shall be reduced by any losses attributable thereto. 

  
 66 

 ARTICLE XIV 
 MULTIPLE EMPLOYERS 
 The Trust Fund may be commingled with other
pension trust funds, in which case it shall be held and invested as a single fund except as otherwise provided in the Plan, but at all times the portion of the Trust Fund attributable to Participants employed by the Employer shall be ascertainable
by the Committee. The adoption of this Plan by an Employer shall not create a joint venture or partnership relation between it and any other party thereto, nor shall such action ever be construed as having that effect. Any rights, duties,
liabilities and obligations assumed hereunder by the Employer, or imposed upon it under or as a result of the terms and provisions hereof, shall relate to and only affect the Employer above. 

  
 67 

 ARTICLE XV 
 MISCELLANEOUS 
 15.1 Limitation of Liability. Neither the
Employer, the Company, nor any member of the Committee, nor any Trustee acting hereunder, shall be liable in any manner if the Trust Fund should be insufficient to provide for the payment of benefits called for by the Plan. 

15.2 Reference to Other Documents. Wherever in the Plan reference is made to Participants’ rights under the Plan, it shall be
construed as reference to Participants’ rights also under any other instrument, trust agreement or insurance or annuity contract created or entered into to effect the purpose of the Plan. 

15.3 Governing Law. This Plan shall be regulated, construed and administered under the laws of the State of North Carolina to the
extent that such laws are not pre-empted by the laws of the United States of America. 
 15.4 Severability. In the event
that any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of this Plan, but such remaining provisions shall be fully severable and this Plan shall be
construed and enforced as if said illegal or invalid provision had never been inserted therein. 
 15.5 Litigation. In
any action or proceeding regarding the assets or administration of the Plan, Employees, former Employees, Participants, Beneficiaries or any other persons having or claiming to have an interest in the Plan shall not be necessary parties and shall
not be entitled to any notice or process. Any final judgment which is not appealed or appealable and may be entered in any such action or proceeding shall be binding and conclusive on the parties hereto and all persons having or claiming to have any
interest in this Plan. To the extent permitted by law, if a legal action is begun against the Company, the Employer, the Plan Administrator, the Committee, or the Trustee by or on behalf of any person and such action results adversely to such person
or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the costs to the Company, the Employer, the Plan Administrator, the Committee, or the Trustee of defending the action will be charged
to the amounts, if any, which were involved in the action or were payable to the Participant or other person concerned. To the extent permitted by applicable law, acceptance of participation in the Plan shall constitute a release of the Company, the
Employer, the Plan Administrator, the Committee, and the Trustee and their respective agents from any and all liability and obligation not involving willful misconduct or gross neglect. 

15.6 Conformance with Code and ERISA. The Plan is intended to comply in all respects with the requirements of Section 401(a)
of the Code and Titles I and IV of ERISA, and shall be so construed. References to specific provisions of the Code or ERISA in certain provisions of the Plan shall not be construed to limit reference to other provisions of the Code or ERISA in
construing other provisions of the Plan where such reference is consistent with the purpose of the Plan. If any provision of the Code or ERISA is amended, any reference in the Plan to such provision shall, if appropriate in the context and
consistent with the purpose of the Plan, be deemed to refer to any successor to such provision. 

  
 68 

 15.7 Adequacy of Evidence. Evidence that is required of anyone under this Plan shall
be executed or presented by proper individuals or parties and may be in the form of certificates, affidavits, documents or other information which the person acting on such evidence considers pertinent and reliable. 

15.8 Waiver of Notice. Any notice under this Plan may be waived by the person entitled to notice. 

15.9 Successors. This Plan will be binding on the Company and Employer, and on all persons entitled to benefits hereunder, and
their respective successor, heirs and legal representatives. 
 15.10 Validity of Actions. Any action by any person
purporting to act on behalf of the Company, the Employer, or any fiduciary pursuant to this Plan may be ratified by the person on whose behalf the action is taken, which shall have the same effect as if such action was originally authorized. Any
action by the Company, the Employer or any fiduciary under the Plan, or by any person acting on behalf of the Company, the Employer or any fiduciary, which fails to comply with any procedural requirement of the Plan shall nevertheless be given
effect to the extent equitable and consistent with the purposes of the Plan. 

  
 69 

 RETIREMENT PLAN FOR SALARIED EMPLOYEES 

OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 EXHIBIT A 
 This Exhibit A, attached to and made a part of the Plan,
provides the actuarial equivalence factors under the Plan, based upon the UP 1984 mortality table with 7% interest, as follows: 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 	  	46	 	  	47	 
	 55
	  	 	0.7888	  	  	 	0.7920	  	  	 	0.7954	  	  	 	0.7988	  	  	 	0.8024	  	  	 	0.8062	  	  	 	0.8100	  	  	 	0.8140	  	  	 	0.8181	  	  	 	0.8223	  	  	 	0.8266	  	  	 	0.8311	  	  	 	0.8356	  
	 56
	  	 	0.7764	  	  	 	0.7796	  	  	 	0.7830	  	  	 	0.7865	  	  	 	0.7902	  	  	 	0.7940	  	  	 	0.7979	  	  	 	0.8020	  	  	 	0.8062	  	  	 	0.8105	  	  	 	0.8149	  	  	 	0.8195	  	  	 	0.8242	  
	 57
	  	 	0.7635	  	  	 	0.7668	  	  	 	0.7702	  	  	 	0.7738	  	  	 	0.7775	  	  	 	0.7813	  	  	 	0.7853	  	  	 	0.7894	  	  	 	0.7937	  	  	 	0.7981	  	  	 	0.8027	  	  	 	0.8074	  	  	 	0.8122	  
	 58
	  	 	0.7502	  	  	 	0.7535	  	  	 	0.7569	  	  	 	0.7605	  	  	 	0.7643	  	  	 	0.7682	  	  	 	0.7722	  	  	 	0.7764	  	  	 	0.7808	  	  	 	0.7853	  	  	 	0.7899	  	  	 	0.7947	  	  	 	0.7996	  
	 59
	  	 	0.7364	  	  	 	0.7397	  	  	 	0.7432	  	  	 	0.7468	  	  	 	0.7506	  	  	 	0.7546	  	  	 	0.7587	  	  	 	0.7629	  	  	 	0.7673	  	  	 	0.7719	  	  	 	0.7767	  	  	 	0.7815	  	  	 	0.7866	  
	 60
	  	 	0.7222	  	  	 	0.7256	  	  	 	0.7291	  	  	 	0.7327	  	  	 	0.7365	  	  	 	0.7405	  	  	 	0.7446	  	  	 	0.7489	  	  	 	0.7534	  	  	 	0.7581	  	  	 	0.7629	  	  	 	0.7678	  	  	 	0.7729	  
	 61
	  	 	0.7076	  	  	 	0.7110	  	  	 	0.7145	  	  	 	0.7181	  	  	 	0.7220	  	  	 	0.7260	  	  	 	0.7301	  	  	 	0.7345	  	  	 	0.7390	  	  	 	0.7437	  	  	 	0.7486	  	  	 	0.7536	  	  	 	0.7588	  
	 62
	  	 	0.6927	  	  	 	0.6960	  	  	 	0.6995	  	  	 	0.7032	  	  	 	0.7070	  	  	 	0.7110	  	  	 	0.7152	  	  	 	0.7196	  	  	 	0.7241	  	  	 	0.7289	  	  	 	0.7338	  	  	 	0.7389	  	  	 	0.7442	  
	 63
	  	 	0.6774	  	  	 	0.6807	  	  	 	0.6842	  	  	 	0.6878	  	  	 	0.6917	  	  	 	0.6957	  	  	 	0.6999	  	  	 	0.7043	  	  	 	0.7088	  	  	 	0.7136	  	  	 	0.7186	  	  	 	0.7237	  	  	 	0.7291	  
	 64
	  	 	0.6618	  	  	 	0.6651	  	  	 	0.6685	  	  	 	0.6722	  	  	 	0.6760	  	  	 	0.6800	  	  	 	0.6842	  	  	 	0.6886	  	  	 	0.6932	  	  	 	0.6980	  	  	 	0.7030	  	  	 	0.7082	  	  	 	0.7135	  
	 65
	  	 	0.6459	  	  	 	0.6492	  	  	 	0.6526	  	  	 	0.6563	  	  	 	0.6601	  	  	 	0.6641	  	  	 	0.6683	  	  	 	0.6726	  	  	 	0.6772	  	  	 	0.6820	  	  	 	0.6870	  	  	 	0.6922	  	  	 	0.6976	  
	 66
	  	 	0.6299	  	  	 	0.6331	  	  	 	0.6365	  	  	 	0.6401	  	  	 	0.6439	  	  	 	0.6479	  	  	 	0.6521	  	  	 	0.6564	  	  	 	0.6610	  	  	 	0.6658	  	  	 	0.6708	  	  	 	0.6760	  	  	 	0.6815	  
	 67
	  	 	0.6137	  	  	 	0.6169	  	  	 	0.6203	  	  	 	0.6239	  	  	 	0.6276	  	  	 	0.6316	  	  	 	0.6357	  	  	 	0.6401	  	  	 	0.6446	  	  	 	0.6494	  	  	 	0.6544	  	  	 	0.6596	  	  	 	0.6650	  
	 68
	  	 	0.5974	  	  	 	0.6006	  	  	 	0.6039	  	  	 	0.6075	  	  	 	0.6112	  	  	 	0.6151	  	  	 	0.6192	  	  	 	0.6235	  	  	 	0.6280	  	  	 	0.6328	  	  	 	0.6378	  	  	 	0.6430	  	  	 	0.6484	  
	 69
	  	 	0.5809	  	  	 	0.5840	  	  	 	0.5873	  	  	 	0.5908	  	  	 	0.5945	  	  	 	0.5984	  	  	 	0.6024	  	  	 	0.6067	  	  	 	0.6112	  	  	 	0.6159	  	  	 	0.6208	  	  	 	0.6260	  	  	 	0.6314	  
	 70
	  	 	0.5642	  	  	 	0.5672	  	  	 	0.5705	  	  	 	0.5739	  	  	 	0.5775	  	  	 	0.5813	  	  	 	0.5853	  	  	 	0.5896	  	  	 	0.5940	  	  	 	0.5987	  	  	 	0.6036	  	  	 	0.6087	  	  	 	0.6141	  
	 71
	  	 	0.5471	  	  	 	0.5502	  	  	 	0.5533	  	  	 	0.5567	  	  	 	0.5603	  	  	 	0.5640	  	  	 	0.5680	  	  	 	0.5721	  	  	 	0.5765	  	  	 	0.5811	  	  	 	0.5860	  	  	 	0.5910	  	  	 	0.5964	  
	 72
	  	 	0.5299	  	  	 	0.5329	  	  	 	0.5360	  	  	 	0.5393	  	  	 	0.5428	  	  	 	0.5465	  	  	 	0.5503	  	  	 	0.5544	  	  	 	0.5587	  	  	 	0.5633	  	  	 	0.5681	  	  	 	0.5731	  	  	 	0.5783	  
	 73
	  	 	0.5125	  	  	 	0.5154	  	  	 	0.5184	  	  	 	0.5217	  	  	 	0.5251	  	  	 	0.5287	  	  	 	0.5325	  	  	 	0.5365	  	  	 	0.5407	  	  	 	0.5452	  	  	 	0.5499	  	  	 	0.5548	  	  	 	0.5600	  
	 74
	  	 	0.4950	  	  	 	0.4978	  	  	 	0.5008	  	  	 	0.5039	  	  	 	0.5073	  	  	 	0.5108	  	  	 	0.5145	  	  	 	0.5185	  	  	 	0.5226	  	  	 	0.5270	  	  	 	0.5316	  	  	 	0.5364	  	  	 	0.5415	  
	 75
	  	 	0.4775	  	  	 	0.4802	  	  	 	0.4831	  	  	 	0.4862	  	  	 	0.4894	  	  	 	0.4929	  	  	 	0.4965	  	  	 	0.5004	  	  	 	0.5044	  	  	 	0.5087	  	  	 	0.5132	  	  	 	0.5179	  	  	 	0.5229	  
	 76
	  	 	0.4600	  	  	 	0.4627	  	  	 	0.4655	  	  	 	0.4685	  	  	 	0.4716	  	  	 	0.4750	  	  	 	0.4785	  	  	 	0.4823	  	  	 	0.4862	  	  	 	0.4904	  	  	 	0.4948	  	  	 	0.4994	  	  	 	0.5043	  
	 77
	  	 	0.4427	  	  	 	0.4452	  	  	 	0.4480	  	  	 	0.4509	  	  	 	0.4539	  	  	 	0.4572	  	  	 	0.4606	  	  	 	0.4643	  	  	 	0.4681	  	  	 	0.4722	  	  	 	0.4765	  	  	 	0.4810	  	  	 	0.4858	  
	 78
	  	 	0.4255	  	  	 	0.4280	  	  	 	0.4307	  	  	 	0.4335	  	  	 	0.4364	  	  	 	0.4396	  	  	 	0.4429	  	  	 	0.4465	  	  	 	0.4502	  	  	 	0.4542	  	  	 	0.4583	  	  	 	0.4627	  	  	 	0.4674	  
	 79
	  	 	0.4085	  	  	 	0.4109	  	  	 	0.4135	  	  	 	0.4162	  	  	 	0.4191	  	  	 	0.4221	  	  	 	0.4253	  	  	 	0.4288	  	  	 	0.4324	  	  	 	0.4362	  	  	 	0.4403	  	  	 	0.4445	  	  	 	0.4490	  
	 80
	  	 	0.3916	  	  	 	0.3940	  	  	 	0.3964	  	  	 	0.3990	  	  	 	0.4018	  	  	 	0.4048	  	  	 	0.4079	  	  	 	0.4112	  	  	 	0.4147	  	  	 	0.4184	  	  	 	0.4223	  	  	 	0.4265	  	  	 	0.4309	  

  
 2 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	48	 	  	49	 	  	50	 	  	51	 	  	52	 	  	53	 	  	54	 	  	55	 	  	56	 	  	57	 	  	58	 	  	59	 	  	60	 
	 55
	  	 	0.8402	  	  	 	0.8449	  	  	 	0.8497	  	  	 	0.8546	  	  	 	0.8595	  	  	 	0.8645	  	  	 	0.8695	  	  	 	0.8745	  	  	 	0.8795	  	  	 	0.8846	  	  	 	0.8896	  	  	 	0.8947	  	  	 	0.8996	  
	 56
	  	 	0.8289	  	  	 	0.8338	  	  	 	0.8388	  	  	 	0.8438	  	  	 	0.8489	  	  	 	0.8541	  	  	 	0.8593	  	  	 	0.8646	  	  	 	0.8699	  	  	 	0.8752	  	  	 	0.8805	  	  	 	0.8858	  	  	 	0.8911	  
	 57
	  	 	0.8171	  	  	 	0.8221	  	  	 	0.8272	  	  	 	0.8325	  	  	 	0.8378	  	  	 	0.8431	  	  	 	0.8486	  	  	 	0.8541	  	  	 	0.8596	  	  	 	0.8652	  	  	 	0.8708	  	  	 	0.8764	  	  	 	0.8820	  
	 58
	  	 	0.8047	  	  	 	0.8098	  	  	 	0.8151	  	  	 	0.8205	  	  	 	0.8260	  	  	 	0.8316	  	  	 	0.8372	  	  	 	0.8430	  	  	 	0.8488	  	  	 	0.8546	  	  	 	0.8605	  	  	 	0.8663	  	  	 	0.8722	  
	 59
	  	 	0.7917	  	  	 	0.7970	  	  	 	0.8025	  	  	 	0.8080	  	  	 	0.8137	  	  	 	0.8195	  	  	 	0.8253	  	  	 	0.8313	  	  	 	0.8373	  	  	 	0.8434	  	  	 	0.8495	  	  	 	0.8557	  	  	 	0.8618	  
	 60
	  	 	0.7782	  	  	 	0.7836	  	  	 	0.7892	  	  	 	0.7949	  	  	 	0.8008	  	  	 	0.8067	  	  	 	0.8128	  	  	 	0.8189	  	  	 	0.8252	  	  	 	0.8315	  	  	 	0.8379	  	  	 	0.8443	  	  	 	0.8508	  
	 61
	  	 	0.7642	  	  	 	0.7697	  	  	 	0.7754	  	  	 	0.7812	  	  	 	0.7872	  	  	 	0.7933	  	  	 	0.7996	  	  	 	0.8059	  	  	 	0.8124	  	  	 	0.8190	  	  	 	0.8256	  	  	 	0.8323	  	  	 	0.8391	  
	 62
	  	 	0.7496	  	  	 	0.7552	  	  	 	0.7610	  	  	 	0.7670	  	  	 	0.7731	  	  	 	0.7794	  	  	 	0.7858	  	  	 	0.7923	  	  	 	0.7990	  	  	 	0.8058	  	  	 	0.8127	  	  	 	0.8197	  	  	 	0.8267	  
	 63
	  	 	0.7346	  	  	 	0.7403	  	  	 	0.7462	  	  	 	0.7523	  	  	 	0.7585	  	  	 	0.7649	  	  	 	0.7715	  	  	 	0.7782	  	  	 	0.7850	  	  	 	0.7920	  	  	 	0.7992	  	  	 	0.8064	  	  	 	0.8137	  
	 64
	  	 	0.7191	  	  	 	0.7249	  	  	 	0.7309	  	  	 	0.7370	  	  	 	0.7434	  	  	 	0.7499	  	  	 	0.7566	  	  	 	0.7635	  	  	 	0.7705	  	  	 	0.7777	  	  	 	0.7850	  	  	 	0.7925	  	  	 	0.8001	  
	 65
	  	 	0.7033	  	  	 	0.7091	  	  	 	0.7151	  	  	 	0.7214	  	  	 	0.7278	  	  	 	0.7344	  	  	 	0.7413	  	  	 	0.7483	  	  	 	0.7555	  	  	 	0.7628	  	  	 	0.7704	  	  	 	0.7780	  	  	 	0.7858	  
	 66
	  	 	0.6871	  	  	 	0.6930	  	  	 	0.6990	  	  	 	0.7053	  	  	 	0.7119	  	  	 	0.7186	  	  	 	0.7255	  	  	 	0.7326	  	  	 	0.7400	  	  	 	0.7475	  	  	 	0.7552	  	  	 	0.7631	  	  	 	0.7711	  
	 67
	  	 	0.6707	  	  	 	0.6766	  	  	 	0.6827	  	  	 	0.6890	  	  	 	0.6956	  	  	 	0.7024	  	  	 	0.7094	  	  	 	0.7166	  	  	 	0.7241	  	  	 	0.7318	  	  	 	0.7396	  	  	 	0.7477	  	  	 	0.7559	  
	 68
	  	 	0.6540	  	  	 	0.6599	  	  	 	0.6661	  	  	 	0.6724	  	  	 	0.6790	  	  	 	0.6859	  	  	 	0.6930	  	  	 	0.7003	  	  	 	0.7078	  	  	 	0.7156	  	  	 	0.7236	  	  	 	0.7318	  	  	 	0.7402	  
	 69
	  	 	0.6371	  	  	 	0.6429	  	  	 	0.6491	  	  	 	0.6555	  	  	 	0.6621	  	  	 	0.6690	  	  	 	0.6761	  	  	 	0.6834	  	  	 	0.6911	  	  	 	0.6989	  	  	 	0.7071	  	  	 	0.7154	  	  	 	0.7240	  
	 70
	  	 	0.6197	  	  	 	0.6255	  	  	 	0.6316	  	  	 	0.6380	  	  	 	0.6446	  	  	 	0.6515	  	  	 	0.6587	  	  	 	0.6661	  	  	 	0.6738	  	  	 	0.6817	  	  	 	0.6899	  	  	 	0.6984	  	  	 	0.7071	  
	 71
	  	 	0.6019	  	  	 	0.6077	  	  	 	0.6138	  	  	 	0.6202	  	  	 	0.6268	  	  	 	0.6336	  	  	 	0.6408	  	  	 	0.6482	  	  	 	0.6559	  	  	 	0.6639	  	  	 	0.6722	  	  	 	0.6807	  	  	 	0.6895	  
	 72
	  	 	0.5838	  	  	 	0.5896	  	  	 	0.5956	  	  	 	0.6019	  	  	 	0.6085	  	  	 	0.6153	  	  	 	0.6225	  	  	 	0.6299	  	  	 	0.6376	  	  	 	0.6456	  	  	 	0.6539	  	  	 	0.6625	  	  	 	0.6714	  
	 73
	  	 	0.5654	  	  	 	0.5711	  	  	 	0.5771	  	  	 	0.5833	  	  	 	0.5898	  	  	 	0.5966	  	  	 	0.6037	  	  	 	0.6111	  	  	 	0.6188	  	  	 	0.6268	  	  	 	0.6351	  	  	 	0.6437	  	  	 	0.6527	  
	 74
	  	 	0.5469	  	  	 	0.5525	  	  	 	0.5583	  	  	 	0.5645	  	  	 	0.5709	  	  	 	0.5777	  	  	 	0.5847	  	  	 	0.5920	  	  	 	0.5997	  	  	 	0.6077	  	  	 	0.6160	  	  	 	0.6246	  	  	 	0.6335	  
	 75
	  	 	0.5282	  	  	 	0.5337	  	  	 	0.5395	  	  	 	0.5455	  	  	 	0.5519	  	  	 	0.5585	  	  	 	0.5655	  	  	 	0.5727	  	  	 	0.5803	  	  	 	0.5882	  	  	 	0.5965	  	  	 	0.6051	  	  	 	0.6140	  
	 76
	  	 	0.5095	  	  	 	0.5148	  	  	 	0.5205	  	  	 	0.5265	  	  	 	0.5327	  	  	 	0.5392	  	  	 	0.5461	  	  	 	0.5532	  	  	 	0.5608	  	  	 	0.5686	  	  	 	0.5768	  	  	 	0.5853	  	  	 	0.5942	  
	 77
	  	 	0.4908	  	  	 	0.4961	  	  	 	0.5016	  	  	 	0.5074	  	  	 	0.5136	  	  	 	0.5200	  	  	 	0.5267	  	  	 	0.5337	  	  	 	0.5411	  	  	 	0.5489	  	  	 	0.5570	  	  	 	0.5654	  	  	 	0.5742	  
	 78
	  	 	0.4723	  	  	 	0.4774	  	  	 	0.4828	  	  	 	0.4885	  	  	 	0.4945	  	  	 	0.5008	  	  	 	0.5074	  	  	 	0.5143	  	  	 	0.5216	  	  	 	0.5292	  	  	 	0.5372	  	  	 	0.5455	  	  	 	0.5542	  
	 79
	  	 	0.4538	  	  	 	0.4588	  	  	 	0.4641	  	  	 	0.4696	  	  	 	0.4755	  	  	 	0.4816	  	  	 	0.4881	  	  	 	0.4948	  	  	 	0.5020	  	  	 	0.5094	  	  	 	0.5173	  	  	 	0.5255	  	  	 	0.5341	  
	 80
	  	 	0.4355	  	  	 	0.4403	  	  	 	0.4454	  	  	 	0.4509	  	  	 	0.4565	  	  	 	0.4625	  	  	 	0.4688	  	  	 	0.4754	  	  	 	0.4824	  	  	 	0.4897	  	  	 	0.4974	  	  	 	0.5054	  	  	 	0.5139	  

  
 3 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	61	 	  	62	 	  	63	 	  	64	 	  	65	 	  	66	 	  	67	 	  	68	 	  	69	 	  	70	 	  	71	 	  	72	 	  	73	 
	 55
	  	 	0.9046	  	  	 	0.9095	  	  	 	0.9143	  	  	 	0.9190	  	  	 	0.9236	  	  	 	0.9281	  	  	 	0.9324	  	  	 	0.9367	  	  	 	0.9408	  	  	 	0.9447	  	  	 	0.9486	  	  	 	0.9523	  	  	 	0.9558	  
	 56
	  	 	0.8964	  	  	 	0.9015	  	  	 	0.9067	  	  	 	0.9117	  	  	 	0.9166	  	  	 	0.9214	  	  	 	0.9261	  	  	 	0.9307	  	  	 	0.9351	  	  	 	0.9394	  	  	 	0.9435	  	  	 	0.9475	  	  	 	0.9514	  
	 57
	  	 	0.8875	  	  	 	0.8930	  	  	 	0.8985	  	  	 	0.9038	  	  	 	0.9091	  	  	 	0.9143	  	  	 	0.9193	  	  	 	0.9242	  	  	 	0.9289	  	  	 	0.9336	  	  	 	0.9380	  	  	 	0.9424	  	  	 	0.9466	  
	 58
	  	 	0.8781	  	  	 	0.8839	  	  	 	0.8897	  	  	 	0.8954	  	  	 	0.9010	  	  	 	0.9065	  	  	 	0.9119	  	  	 	0.9171	  	  	 	0.9222	  	  	 	0.9272	  	  	 	0.9321	  	  	 	0.9368	  	  	 	0.9413	  
	 59
	  	 	0.8680	  	  	 	0.8742	  	  	 	0.8803	  	  	 	0.8863	  	  	 	0.8923	  	  	 	0.8981	  	  	 	0.9039	  	  	 	0.9095	  	  	 	0.9150	  	  	 	0.9203	  	  	 	0.9256	  	  	 	0.9306	  	  	 	0.9355	  
	 60
	  	 	0.8573	  	  	 	0.8638	  	  	 	0.8702	  	  	 	0.8766	  	  	 	0.8829	  	  	 	0.8892	  	  	 	0.8953	  	  	 	0.9013	  	  	 	0.9071	  	  	 	0.9129	  	  	 	0.9185	  	  	 	0.9239	  	  	 	0.9292	  
	 61
	  	 	0.8459	  	  	 	0.8527	  	  	 	0.8595	  	  	 	0.8662	  	  	 	0.8729	  	  	 	0.8795	  	  	 	0.8860	  	  	 	0.8924	  	  	 	0.8986	  	  	 	0.9048	  	  	 	0.9108	  	  	 	0.9167	  	  	 	0.9223	  
	 62
	  	 	0.8338	  	  	 	0.8409	  	  	 	0.8480	  	  	 	0.8551	  	  	 	0.8622	  	  	 	0.8691	  	  	 	0.8760	  	  	 	0.8828	  	  	 	0.8895	  	  	 	0.8960	  	  	 	0.9025	  	  	 	0.9088	  	  	 	0.9149	  
	 63
	  	 	0.8211	  	  	 	0.8285	  	  	 	0.8359	  	  	 	0.8434	  	  	 	0.8508	  	  	 	0.8581	  	  	 	0.8654	  	  	 	0.8726	  	  	 	0.8797	  	  	 	0.8867	  	  	 	0.8935	  	  	 	0.9003	  	  	 	0.9068	  
	 64
	  	 	0.8077	  	  	 	0.8154	  	  	 	0.8232	  	  	 	0.8310	  	  	 	0.8387	  	  	 	0.8465	  	  	 	0.8541	  	  	 	0.8617	  	  	 	0.8692	  	  	 	0.8766	  	  	 	0.8839	  	  	 	0.8911	  	  	 	0.8981	  
	 65
	  	 	0.7938	  	  	 	0.8018	  	  	 	0.8098	  	  	 	0.8179	  	  	 	0.8260	  	  	 	0.8341	  	  	 	0.8422	  	  	 	0.8502	  	  	 	0.8581	  	  	 	0.8659	  	  	 	0.8737	  	  	 	0.8813	  	  	 	0.8888	  
	 66
	  	 	0.7793	  	  	 	0.7875	  	  	 	0.7959	  	  	 	0.8043	  	  	 	0.8127	  	  	 	0.8212	  	  	 	0.8296	  	  	 	0.8380	  	  	 	0.8463	  	  	 	0.8546	  	  	 	0.8628	  	  	 	0.8709	  	  	 	0.8789	  
	 67
	  	 	0.7643	  	  	 	0.7728	  	  	 	0.7814	  	  	 	0.7901	  	  	 	0.7989	  	  	 	0.8077	  	  	 	0.8165	  	  	 	0.8252	  	  	 	0.8340	  	  	 	0.8427	  	  	 	0.8514	  	  	 	0.8600	  	  	 	0.8684	  
	 68
	  	 	0.7488	  	  	 	0.7576	  	  	 	0.7664	  	  	 	0.7754	  	  	 	0.7845	  	  	 	0.7936	  	  	 	0.8028	  	  	 	0.8119	  	  	 	0.8210	  	  	 	0.8302	  	  	 	0.8393	  	  	 	0.8483	  	  	 	0.8573	  
	 69
	  	 	0.7327	  	  	 	0.7417	  	  	 	0.7508	  	  	 	0.7601	  	  	 	0.7694	  	  	 	0.7789	  	  	 	0.7883	  	  	 	0.7978	  	  	 	0.8074	  	  	 	0.8169	  	  	 	0.8265	  	  	 	0.8360	  	  	 	0.8454	  
	 70
	  	 	0.7160	  	  	 	0.7251	  	  	 	0.7345	  	  	 	0.7439	  	  	 	0.7536	  	  	 	0.7633	  	  	 	0.7731	  	  	 	0.7829	  	  	 	0.7928	  	  	 	0.8028	  	  	 	0.8128	  	  	 	0.8228	  	  	 	0.8327	  
	 71
	  	 	0.6986	  	  	 	0.7079	  	  	 	0.7174	  	  	 	0.7271	  	  	 	0.7369	  	  	 	0.7469	  	  	 	0.7570	  	  	 	0.7672	  	  	 	0.7774	  	  	 	0.7878	  	  	 	0.7982	  	  	 	0.8086	  	  	 	0.8190	  
	 72
	  	 	0.6805	  	  	 	0.6900	  	  	 	0.6996	  	  	 	0.7095	  	  	 	0.7195	  	  	 	0.7298	  	  	 	0.7401	  	  	 	0.7506	  	  	 	0.7612	  	  	 	0.7719	  	  	 	0.7827	  	  	 	0.7936	  	  	 	0.8044	  
	 73
	  	 	0.6619	  	  	 	0.6714	  	  	 	0.6812	  	  	 	0.6912	  	  	 	0.7014	  	  	 	0.7118	  	  	 	0.7224	  	  	 	0.7332	  	  	 	0.7440	  	  	 	0.7551	  	  	 	0.7663	  	  	 	0.7776	  	  	 	0.7889	  
	 74
	  	 	0.6428	  	  	 	0.6523	  	  	 	0.6622	  	  	 	0.6723	  	  	 	0.6827	  	  	 	0.6933	  	  	 	0.7041	  	  	 	0.7150	  	  	 	0.7262	  	  	 	0.7375	  	  	 	0.7491	  	  	 	0.7607	  	  	 	0.7725	  
	 75
	  	 	0.6233	  	  	 	0.6329	  	  	 	0.6428	  	  	 	0.6530	  	  	 	0.6634	  	  	 	0.6741	  	  	 	0.6851	  	  	 	0.6962	  	  	 	0.7076	  	  	 	0.7193	  	  	 	0.7311	  	  	 	0.7431	  	  	 	0.7553	  
	 76
	  	 	0.6034	  	  	 	0.6130	  	  	 	0.6229	  	  	 	0.6332	  	  	 	0.6437	  	  	 	0.6545	  	  	 	0.6656	  	  	 	0.6769	  	  	 	0.6885	  	  	 	0.7003	  	  	 	0.7124	  	  	 	0.7247	  	  	 	0.7373	  
	 77
	  	 	0.5834	  	  	 	0.5930	  	  	 	0.6029	  	  	 	0.6131	  	  	 	0.6237	  	  	 	0.6345	  	  	 	0.6456	  	  	 	0.6571	  	  	 	0.6688	  	  	 	0.6808	  	  	 	0.6932	  	  	 	0.7058	  	  	 	0.7186	  
	 78
	  	 	0.5633	  	  	 	0.5728	  	  	 	0.5827	  	  	 	0.5929	  	  	 	0.6034	  	  	 	0.6143	  	  	 	0.6254	  	  	 	0.6369	  	  	 	0.6487	  	  	 	0.6609	  	  	 	0.6734	  	  	 	0.6863	  	  	 	0.6994	  
	 79
	  	 	0.5431	  	  	 	0.5525	  	  	 	0.5622	  	  	 	0.5723	  	  	 	0.5828	  	  	 	0.5937	  	  	 	0.6048	  	  	 	0.6163	  	  	 	0.6282	  	  	 	0.6405	  	  	 	0.6531	  	  	 	0.6661	  	  	 	0.6794	  
	 80
	  	 	0.5227	  	  	 	0.5320	  	  	 	0.5416	  	  	 	0.5516	  	  	 	0.5620	  	  	 	0.5728	  	  	 	0.5839	  	  	 	0.5954	  	  	 	0.6073	  	  	 	0.6196	  	  	 	0.6324	  	  	 	0.6455	  	  	 	0.6590	  

  
 4 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	74	 	  	75	 	  	76	 	  	77	 	  	78	 	  	79	 	  	80	 	  	81	 	  	82	 	  	83	 	  	84	 	  	85	 	  	86	 
	 55
	  	 	0.9592	  	  	 	0.9624	  	  	 	0.9654	  	  	 	0.9683	  	  	 	0.9710	  	  	 	0.9735	  	  	 	0.9759	  	  	 	0.9781	  	  	 	0.9802	  	  	 	0.9821	  	  	 	0.9839	  	  	 	0.9855	  	  	 	0.9870	  
	 56
	  	 	0.9551	  	  	 	0.9586	  	  	 	0.9619	  	  	 	0.9650	  	  	 	0.9680	  	  	 	0.9708	  	  	 	0.9734	  	  	 	0.9758	  	  	 	0.9781	  	  	 	0.9802	  	  	 	0.9821	  	  	 	0.9840	  	  	 	0.9856	  
	 57
	  	 	0.9506	  	  	 	0.9544	  	  	 	0.9580	  	  	 	0.9614	  	  	 	0.9647	  	  	 	0.9677	  	  	 	0.9706	  	  	 	0.9732	  	  	 	0.9757	  	  	 	0.9781	  	  	 	0.9802	  	  	 	0.9822	  	  	 	0.9841	  
	 58
	  	 	0.9456	  	  	 	0.9498	  	  	 	0.9537	  	  	 	0.9575	  	  	 	0.9610	  	  	 	0.9643	  	  	 	0.9675	  	  	 	0.9704	  	  	 	0.9731	  	  	 	0.9757	  	  	 	0.9781	  	  	 	0.9803	  	  	 	0.9823	  
	 59
	  	 	0.9402	  	  	 	0.9447	  	  	 	0.9490	  	  	 	0.9531	  	  	 	0.9570	  	  	 	0.9606	  	  	 	0.9640	  	  	 	0.9673	  	  	 	0.9703	  	  	 	0.9731	  	  	 	0.9757	  	  	 	0.9781	  	  	 	0.9804	  
	 60
	  	 	0.9343	  	  	 	0.9392	  	  	 	0.9439	  	  	 	0.9483	  	  	 	0.9525	  	  	 	0.9565	  	  	 	0.9602	  	  	 	0.9638	  	  	 	0.9671	  	  	 	0.9701	  	  	 	0.9730	  	  	 	0.9757	  	  	 	0.9782	  
	 61
	  	 	0.9278	  	  	 	0.9331	  	  	 	0.9382	  	  	 	0.9430	  	  	 	0.9476	  	  	 	0.9519	  	  	 	0.9560	  	  	 	0.9599	  	  	 	0.9635	  	  	 	0.9669	  	  	 	0.9701	  	  	 	0.9730	  	  	 	0.9758	  
	 62
	  	 	0.9208	  	  	 	0.9265	  	  	 	0.9320	  	  	 	0.9372	  	  	 	0.9422	  	  	 	0.9469	  	  	 	0.9514	  	  	 	0.9556	  	  	 	0.9596	  	  	 	0.9633	  	  	 	0.9668	  	  	 	0.9700	  	  	 	0.9731	  
	 63
	  	 	0.9132	  	  	 	0.9193	  	  	 	0.9252	  	  	 	0.9309	  	  	 	0.9363	  	  	 	0.9414	  	  	 	0.9463	  	  	 	0.9509	  	  	 	0.9553	  	  	 	0.9593	  	  	 	0.9631	  	  	 	0.9667	  	  	 	0.9701	  
	 64
	  	 	0.9050	  	  	 	0.9116	  	  	 	0.9179	  	  	 	0.9241	  	  	 	0.9299	  	  	 	0.9355	  	  	 	0.9408	  	  	 	0.9458	  	  	 	0.9505	  	  	 	0.9550	  	  	 	0.9591	  	  	 	0.9631	  	  	 	0.9667	  
	 65
	  	 	0.8961	  	  	 	0.9032	  	  	 	0.9101	  	  	 	0.9167	  	  	 	0.9230	  	  	 	0.9290	  	  	 	0.9347	  	  	 	0.9402	  	  	 	0.9454	  	  	 	0.9502	  	  	 	0.9548	  	  	 	0.9591	  	  	 	0.9631	  
	 66
	  	 	0.8867	  	  	 	0.8943	  	  	 	0.9016	  	  	 	0.9087	  	  	 	0.9155	  	  	 	0.9220	  	  	 	0.9282	  	  	 	0.9342	  	  	 	0.9398	  	  	 	0.9450	  	  	 	0.9500	  	  	 	0.9547	  	  	 	0.9591	  
	 67
	  	 	0.8767	  	  	 	0.8848	  	  	 	0.8926	  	  	 	0.9002	  	  	 	0.9075	  	  	 	0.9145	  	  	 	0.9213	  	  	 	0.9277	  	  	 	0.9337	  	  	 	0.9395	  	  	 	0.9449	  	  	 	0.9500	  	  	 	0.9549	  
	 68
	  	 	0.8661	  	  	 	0.8747	  	  	 	0.8831	  	  	 	0.8912	  	  	 	0.8990	  	  	 	0.9065	  	  	 	0.9138	  	  	 	0.9207	  	  	 	0.9273	  	  	 	0.9335	  	  	 	0.9394	  	  	 	0.9450	  	  	 	0.9502	  
	 69
	  	 	0.8547	  	  	 	0.8638	  	  	 	0.8728	  	  	 	0.8814	  	  	 	0.8898	  	  	 	0.8979	  	  	 	0.9057	  	  	 	0.9131	  	  	 	0.9202	  	  	 	0.9270	  	  	 	0.9334	  	  	 	0.9394	  	  	 	0.9452	  
	 70
	  	 	0.8425	  	  	 	0.8521	  	  	 	0.8616	  	  	 	0.8708	  	  	 	0.8798	  	  	 	0.8884	  	  	 	0.8968	  	  	 	0.9048	  	  	 	0.9125	  	  	 	0.9198	  	  	 	0.9267	  	  	 	0.9333	  	  	 	0.9396	  
	 71
	  	 	0.8293	  	  	 	0.8395	  	  	 	0.8495	  	  	 	0.8593	  	  	 	0.8688	  	  	 	0.8781	  	  	 	0.8871	  	  	 	0.8957	  	  	 	0.9039	  	  	 	0.9118	  	  	 	0.9193	  	  	 	0.9265	  	  	 	0.9333	  
	 72
	  	 	0.8153	  	  	 	0.8260	  	  	 	0.8365	  	  	 	0.8469	  	  	 	0.8570	  	  	 	0.8669	  	  	 	0.8764	  	  	 	0.8857	  	  	 	0.8945	  	  	 	0.9030	  	  	 	0.9112	  	  	 	0.9189	  	  	 	0.9263	  
	 73
	  	 	0.8002	  	  	 	0.8114	  	  	 	0.8226	  	  	 	0.8335	  	  	 	0.8442	  	  	 	0.8547	  	  	 	0.8649	  	  	 	0.8747	  	  	 	0.8843	  	  	 	0.8934	  	  	 	0.9022	  	  	 	0.9106	  	  	 	0.9186	  
	 74
	  	 	0.7843	  	  	 	0.7960	  	  	 	0.8076	  	  	 	0.8191	  	  	 	0.8304	  	  	 	0.8415	  	  	 	0.8524	  	  	 	0.8629	  	  	 	0.8731	  	  	 	0.8829	  	  	 	0.8923	  	  	 	0.9014	  	  	 	0.9101	  
	 75
	  	 	0.7675	  	  	 	0.7797	  	  	 	0.7918	  	  	 	0.8039	  	  	 	0.8158	  	  	 	0.8275	  	  	 	0.8389	  	  	 	0.8501	  	  	 	0.8610	  	  	 	0.8715	  	  	 	0.8816	  	  	 	0.8914	  	  	 	0.9008	  
	 76
	  	 	0.7499	  	  	 	0.7625	  	  	 	0.7752	  	  	 	0.7877	  	  	 	0.8002	  	  	 	0.8125	  	  	 	0.8246	  	  	 	0.8364	  	  	 	0.8480	  	  	 	0.8591	  	  	 	0.8700	  	  	 	0.8805	  	  	 	0.8906	  
	 77
	  	 	0.7316	  	  	 	0.7446	  	  	 	0.7577	  	  	 	0.7708	  	  	 	0.7838	  	  	 	0.7966	  	  	 	0.8094	  	  	 	0.8218	  	  	 	0.8341	  	  	 	0.8459	  	  	 	0.8575	  	  	 	0.8688	  	  	 	0.8796	  
	 78
	  	 	0.7126	  	  	 	0.7261	  	  	 	0.7396	  	  	 	0.7531	  	  	 	0.7666	  	  	 	0.7800	  	  	 	0.7933	  	  	 	0.8065	  	  	 	0.8193	  	  	 	0.8319	  	  	 	0.8442	  	  	 	0.8562	  	  	 	0.8678	  
	 79
	  	 	0.6930	  	  	 	0.7068	  	  	 	0.7206	  	  	 	0.7346	  	  	 	0.7485	  	  	 	0.7625	  	  	 	0.7764	  	  	 	0.7901	  	  	 	0.8036	  	  	 	0.8169	  	  	 	0.8299	  	  	 	0.8426	  	  	 	0.8550	  
	 80
	  	 	0.6727	  	  	 	0.6868	  	  	 	0.7010	  	  	 	0.7153	  	  	 	0.7296	  	  	 	0.7441	  	  	 	0.7585	  	  	 	0.7728	  	  	 	0.7869	  	  	 	0.8009	  	  	 	0.8146	  	  	 	0.8281	  	  	 	0.8413	  

  
 5 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	87	 	  	88	 	  	89	 	  	90	 	  	91	 	  	92	 	  	93	 	  	94	 	  	95	 	  	96	 	  	97	 	  	98	 	  	99	 
	 55
	  	 	0.9884	  	  	 	0.9897	  	  	 	0.9909	  	  	 	0.9920	  	  	 	0.9930	  	  	 	0.9938	  	  	 	0.9946	  	  	 	0.9953	  	  	 	0.9960	  	  	 	0.9965	  	  	 	0.9970	  	  	 	0.9975	  	  	 	0.9979	  
	 56
	  	 	0.9872	  	  	 	0.9886	  	  	 	0.9899	  	  	 	0.9911	  	  	 	0.9922	  	  	 	0.9931	  	  	 	0.9940	  	  	 	0.9948	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9967	  	  	 	0.9972	  	  	 	0.9976	  
	 57
	  	 	0.9858	  	  	 	0.9874	  	  	 	0.9888	  	  	 	0.9901	  	  	 	0.9913	  	  	 	0.9924	  	  	 	0.9934	  	  	 	0.9942	  	  	 	0.9950	  	  	 	0.9957	  	  	 	0.9963	  	  	 	0.9969	  	  	 	0.9974	  
	 58
	  	 	0.9842	  	  	 	0.9859	  	  	 	0.9875	  	  	 	0.9890	  	  	 	0.9903	  	  	 	0.9915	  	  	 	0.9926	  	  	 	0.9936	  	  	 	0.9944	  	  	 	0.9952	  	  	 	0.9959	  	  	 	0.9965	  	  	 	0.9971	  
	 59
	  	 	0.9825	  	  	 	0.9844	  	  	 	0.9862	  	  	 	0.9878	  	  	 	0.9892	  	  	 	0.9906	  	  	 	0.9918	  	  	 	0.9929	  	  	 	0.9938	  	  	 	0.9947	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9967	  
	 60
	  	 	0.9805	  	  	 	0.9826	  	  	 	0.9846	  	  	 	0.9864	  	  	 	0.9880	  	  	 	0.9895	  	  	 	0.9908	  	  	 	0.9920	  	  	 	0.9931	  	  	 	0.9941	  	  	 	0.9949	  	  	 	0.9957	  	  	 	0.9964	  
	 61
	  	 	0.9783	  	  	 	0.9807	  	  	 	0.9828	  	  	 	0.9848	  	  	 	0.9866	  	  	 	0.9883	  	  	 	0.9898	  	  	 	0.9911	  	  	 	0.9923	  	  	 	0.9934	  	  	 	0.9943	  	  	 	0.9952	  	  	 	0.9959	  
	 62
	  	 	0.9759	  	  	 	0.9785	  	  	 	0.9809	  	  	 	0.9831	  	  	 	0.9851	  	  	 	0.9869	  	  	 	0.9886	  	  	 	0.9900	  	  	 	0.9914	  	  	 	0.9926	  	  	 	0.9937	  	  	 	0.9946	  	  	 	0.9955	  
	 63
	  	 	0.9732	  	  	 	0.9760	  	  	 	0.9787	  	  	 	0.9811	  	  	 	0.9834	  	  	 	0.9854	  	  	 	0.9872	  	  	 	0.9889	  	  	 	0.9904	  	  	 	0.9917	  	  	 	0.9929	  	  	 	0.9940	  	  	 	0.9949	  
	 64
	  	 	0.9702	  	  	 	0.9733	  	  	 	0.9763	  	  	 	0.9790	  	  	 	0.9814	  	  	 	0.9837	  	  	 	0.9857	  	  	 	0.9875	  	  	 	0.9892	  	  	 	0.9907	  	  	 	0.9920	  	  	 	0.9932	  	  	 	0.9943	  
	 65
	  	 	0.9669	  	  	 	0.9704	  	  	 	0.9736	  	  	 	0.9766	  	  	 	0.9793	  	  	 	0.9818	  	  	 	0.9840	  	  	 	0.9861	  	  	 	0.9879	  	  	 	0.9896	  	  	 	0.9911	  	  	 	0.9924	  	  	 	0.9936	  
	 66
	  	 	0.9633	  	  	 	0.9671	  	  	 	0.9706	  	  	 	0.9739	  	  	 	0.9769	  	  	 	0.9797	  	  	 	0.9822	  	  	 	0.9845	  	  	 	0.9865	  	  	 	0.9884	  	  	 	0.9900	  	  	 	0.9915	  	  	 	0.9928	  
	 67
	  	 	0.9594	  	  	 	0.9636	  	  	 	0.9675	  	  	 	0.9711	  	  	 	0.9744	  	  	 	0.9774	  	  	 	0.9802	  	  	 	0.9827	  	  	 	0.9850	  	  	 	0.9870	  	  	 	0.9889	  	  	 	0.9905	  	  	 	0.9920	  
	 68
	  	 	0.9552	  	  	 	0.9598	  	  	 	0.9641	  	  	 	0.9680	  	  	 	0.9717	  	  	 	0.9750	  	  	 	0.9780	  	  	 	0.9808	  	  	 	0.9833	  	  	 	0.9856	  	  	 	0.9876	  	  	 	0.9894	  	  	 	0.9911	  
	 69
	  	 	0.9506	  	  	 	0.9556	  	  	 	0.9603	  	  	 	0.9647	  	  	 	0.9687	  	  	 	0.9723	  	  	 	0.9757	  	  	 	0.9787	  	  	 	0.9815	  	  	 	0.9840	  	  	 	0.9863	  	  	 	0.9883	  	  	 	0.9901	  
	 70
	  	 	0.9454	  	  	 	0.9509	  	  	 	0.9561	  	  	 	0.9609	  	  	 	0.9653	  	  	 	0.9693	  	  	 	0.9730	  	  	 	0.9764	  	  	 	0.9795	  	  	 	0.9822	  	  	 	0.9847	  	  	 	0.9869	  	  	 	0.9889	  
	 71
	  	 	0.9397	  	  	 	0.9457	  	  	 	0.9514	  	  	 	0.9566	  	  	 	0.9615	  	  	 	0.9659	  	  	 	0.9700	  	  	 	0.9737	  	  	 	0.9771	  	  	 	0.9802	  	  	 	0.9830	  	  	 	0.9854	  	  	 	0.9877	  
	 72
	  	 	0.9333	  	  	 	0.9399	  	  	 	0.9461	  	  	 	0.9519	  	  	 	0.9572	  	  	 	0.9621	  	  	 	0.9666	  	  	 	0.9707	  	  	 	0.9745	  	  	 	0.9779	  	  	 	0.9810	  	  	 	0.9837	  	  	 	0.9862	  
	 73
	  	 	0.9262	  	  	 	0.9334	  	  	 	0.9402	  	  	 	0.9465	  	  	 	0.9524	  	  	 	0.9578	  	  	 	0.9628	  	  	 	0.9673	  	  	 	0.9715	  	  	 	0.9753	  	  	 	0.9787	  	  	 	0.9818	  	  	 	0.9845	  
	 74
	  	 	0.9184	  	  	 	0.9262	  	  	 	0.9336	  	  	 	0.9405	  	  	 	0.9470	  	  	 	0.9530	  	  	 	0.9584	  	  	 	0.9635	  	  	 	0.9681	  	  	 	0.9723	  	  	 	0.9761	  	  	 	0.9796	  	  	 	0.9826	  
	 75
	  	 	0.9098	  	  	 	0.9183	  	  	 	0.9263	  	  	 	0.9339	  	  	 	0.9410	  	  	 	0.9476	  	  	 	0.9536	  	  	 	0.9592	  	  	 	0.9643	  	  	 	0.9690	  	  	 	0.9732	  	  	 	0.9771	  	  	 	0.9805	  
	 76
	  	 	0.9003	  	  	 	0.9096	  	  	 	0.9183	  	  	 	0.9266	  	  	 	0.9344	  	  	 	0.9416	  	  	 	0.9482	  	  	 	0.9544	  	  	 	0.9601	  	  	 	0.9653	  	  	 	0.9700	  	  	 	0.9742	  	  	 	0.9780	  
	 77
	  	 	0.8901	  	  	 	0.9001	  	  	 	0.9096	  	  	 	0.9186	  	  	 	0.9271	  	  	 	0.9350	  	  	 	0.9423	  	  	 	0.9491	  	  	 	0.9554	  	  	 	0.9611	  	  	 	0.9663	  	  	 	0.9711	  	  	 	0.9753	  
	 78
	  	 	0.8791	  	  	 	0.8898	  	  	 	0.9001	  	  	 	0.9099	  	  	 	0.9191	  	  	 	0.9278	  	  	 	0.9358	  	  	 	0.9433	  	  	 	0.9502	  	  	 	0.9565	  	  	 	0.9623	  	  	 	0.9676	  	  	 	0.9723	  
	 79
	  	 	0.8671	  	  	 	0.8787	  	  	 	0.8898	  	  	 	0.9004	  	  	 	0.9104	  	  	 	0.9198	  	  	 	0.9286	  	  	 	0.9368	  	  	 	0.9444	  	  	 	0.9514	  	  	 	0.9578	  	  	 	0.9636	  	  	 	0.9689	  
	 80
	  	 	0.8541	  	  	 	0.8665	  	  	 	0.8785	  	  	 	0.8899	  	  	 	0.9007	  	  	 	0.9110	  	  	 	0.9206	  	  	 	0.9296	  	  	 	0.9379	  	  	 	0.9457	  	  	 	0.9527	  	  	 	0.9592	  	  	 	0.9651	  

  
 6 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  
  

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 	  	46	 	  	47	 
	 55
	  	 	0.8819	  	  	 	0.8839	  	  	 	0.8860	  	  	 	0.8882	  	  	 	0.8904	  	  	 	0.8927	  	  	 	0.8950	  	  	 	0.8975	  	  	 	0.8999	  	  	 	0.9025	  	  	 	0.9051	  	  	 	0.9077	  	  	 	0.9104	  
	 56
	  	 	0.8741	  	  	 	0.8762	  	  	 	0.8783	  	  	 	0.8805	  	  	 	0.8828	  	  	 	0.8852	  	  	 	0.8876	  	  	 	0.8901	  	  	 	0.8927	  	  	 	0.8953	  	  	 	0.8980	  	  	 	0.9008	  	  	 	0.9036	  
	 57
	  	 	0.8659	  	  	 	0.8680	  	  	 	0.8702	  	  	 	0.8724	  	  	 	0.8748	  	  	 	0.8772	  	  	 	0.8797	  	  	 	0.8823	  	  	 	0.8850	  	  	 	0.8877	  	  	 	0.8905	  	  	 	0.8934	  	  	 	0.8963	  
	 58
	  	 	0.8572	  	  	 	0.8594	  	  	 	0.8616	  	  	 	0.8640	  	  	 	0.8664	  	  	 	0.8689	  	  	 	0.8715	  	  	 	0.8741	  	  	 	0.8769	  	  	 	0.8797	  	  	 	0.8826	  	  	 	0.8856	  	  	 	0.8887	  
	 59
	  	 	0.8482	  	  	 	0.8504	  	  	 	0.8527	  	  	 	0.8551	  	  	 	0.8575	  	  	 	0.8601	  	  	 	0.8628	  	  	 	0.8655	  	  	 	0.8684	  	  	 	0.8713	  	  	 	0.8743	  	  	 	0.8774	  	  	 	0.8805	  
	 60
	  	 	0.8387	  	  	 	0.8410	  	  	 	0.8433	  	  	 	0.8457	  	  	 	0.8483	  	  	 	0.8509	  	  	 	0.8536	  	  	 	0.8564	  	  	 	0.8594	  	  	 	0.8624	  	  	 	0.8655	  	  	 	0.8687	  	  	 	0.8719	  
	 61
	  	 	0.8288	  	  	 	0.8311	  	  	 	0.8335	  	  	 	0.8359	  	  	 	0.8385	  	  	 	0.8412	  	  	 	0.8440	  	  	 	0.8469	  	  	 	0.8499	  	  	 	0.8530	  	  	 	0.8562	  	  	 	0.8595	  	  	 	0.8629	  
	 62
	  	 	0.8184	  	  	 	0.8208	  	  	 	0.8232	  	  	 	0.8257	  	  	 	0.8284	  	  	 	0.8311	  	  	 	0.8340	  	  	 	0.8369	  	  	 	0.8400	  	  	 	0.8432	  	  	 	0.8464	  	  	 	0.8498	  	  	 	0.8533	  
	 63
	  	 	0.8076	  	  	 	0.8100	  	  	 	0.8125	  	  	 	0.8150	  	  	 	0.8177	  	  	 	0.8205	  	  	 	0.8234	  	  	 	0.8265	  	  	 	0.8296	  	  	 	0.8329	  	  	 	0.8362	  	  	 	0.8397	  	  	 	0.8433	  
	 64
	  	 	0.7965	  	  	 	0.7988	  	  	 	0.8013	  	  	 	0.8040	  	  	 	0.8067	  	  	 	0.8095	  	  	 	0.8125	  	  	 	0.8156	  	  	 	0.8188	  	  	 	0.8221	  	  	 	0.8256	  	  	 	0.8291	  	  	 	0.8328	  
	 65
	  	 	0.7849	  	  	 	0.7873	  	  	 	0.7898	  	  	 	0.7925	  	  	 	0.7952	  	  	 	0.7981	  	  	 	0.8011	  	  	 	0.8043	  	  	 	0.8076	  	  	 	0.8110	  	  	 	0.8145	  	  	 	0.8181	  	  	 	0.8219	  
	 66
	  	 	0.7729	  	  	 	0.7753	  	  	 	0.7779	  	  	 	0.7806	  	  	 	0.7834	  	  	 	0.7863	  	  	 	0.7894	  	  	 	0.7926	  	  	 	0.7959	  	  	 	0.7994	  	  	 	0.8030	  	  	 	0.8067	  	  	 	0.8106	  
	 67
	  	 	0.7606	  	  	 	0.7631	  	  	 	0.7657	  	  	 	0.7684	  	  	 	0.7712	  	  	 	0.7742	  	  	 	0.7773	  	  	 	0.7805	  	  	 	0.7839	  	  	 	0.7874	  	  	 	0.7911	  	  	 	0.7949	  	  	 	0.7988	  
	 68
	  	 	0.7480	  	  	 	0.7505	  	  	 	0.7531	  	  	 	0.7558	  	  	 	0.7587	  	  	 	0.7617	  	  	 	0.7648	  	  	 	0.7681	  	  	 	0.7715	  	  	 	0.7751	  	  	 	0.7788	  	  	 	0.7827	  	  	 	0.7867	  
	 69
	  	 	0.7349	  	  	 	0.7374	  	  	 	0.7400	  	  	 	0.7428	  	  	 	0.7457	  	  	 	0.7487	  	  	 	0.7519	  	  	 	0.7552	  	  	 	0.7587	  	  	 	0.7623	  	  	 	0.7661	  	  	 	0.7700	  	  	 	0.7741	  
	 70
	  	 	0.7214	  	  	 	0.7239	  	  	 	0.7265	  	  	 	0.7293	  	  	 	0.7322	  	  	 	0.7352	  	  	 	0.7384	  	  	 	0.7418	  	  	 	0.7453	  	  	 	0.7490	  	  	 	0.7528	  	  	 	0.7568	  	  	 	0.7609	  
	 71
	  	 	0.7073	  	  	 	0.7098	  	  	 	0.7125	  	  	 	0.7152	  	  	 	0.7182	  	  	 	0.7212	  	  	 	0.7245	  	  	 	0.7278	  	  	 	0.7314	  	  	 	0.7351	  	  	 	0.7389	  	  	 	0.7430	  	  	 	0.7472	  
	 72
	  	 	0.6927	  	  	 	0.6953	  	  	 	0.6979	  	  	 	0.7007	  	  	 	0.7036	  	  	 	0.7067	  	  	 	0.7100	  	  	 	0.7134	  	  	 	0.7169	  	  	 	0.7206	  	  	 	0.7245	  	  	 	0.7286	  	  	 	0.7328	  
	 73
	  	 	0.6777	  	  	 	0.6802	  	  	 	0.6829	  	  	 	0.6856	  	  	 	0.6886	  	  	 	0.6917	  	  	 	0.6949	  	  	 	0.6983	  	  	 	0.7019	  	  	 	0.7057	  	  	 	0.7096	  	  	 	0.7137	  	  	 	0.7180	  
	 74
	  	 	0.6622	  	  	 	0.6647	  	  	 	0.6674	  	  	 	0.6702	  	  	 	0.6731	  	  	 	0.6762	  	  	 	0.6795	  	  	 	0.6829	  	  	 	0.6865	  	  	 	0.6902	  	  	 	0.6942	  	  	 	0.6983	  	  	 	0.7026	  
	 75
	  	 	0.6464	  	  	 	0.6489	  	  	 	0.6515	  	  	 	0.6543	  	  	 	0.6572	  	  	 	0.6603	  	  	 	0.6636	  	  	 	0.6670	  	  	 	0.6706	  	  	 	0.6743	  	  	 	0.6783	  	  	 	0.6824	  	  	 	0.6867	  
	 76
	  	 	0.6302	  	  	 	0.6326	  	  	 	0.6353	  	  	 	0.6380	  	  	 	0.6410	  	  	 	0.6440	  	  	 	0.6473	  	  	 	0.6507	  	  	 	0.6543	  	  	 	0.6581	  	  	 	0.6620	  	  	 	0.6662	  	  	 	0.6705	  
	 77
	  	 	0.6137	  	  	 	0.6162	  	  	 	0.6188	  	  	 	0.6215	  	  	 	0.6244	  	  	 	0.6275	  	  	 	0.6307	  	  	 	0.6341	  	  	 	0.6377	  	  	 	0.6415	  	  	 	0.6454	  	  	 	0.6496	  	  	 	0.6539	  
	 78
	  	 	0.5970	  	  	 	0.5995	  	  	 	0.6021	  	  	 	0.6048	  	  	 	0.6077	  	  	 	0.6107	  	  	 	0.6139	  	  	 	0.6173	  	  	 	0.6209	  	  	 	0.6246	  	  	 	0.6286	  	  	 	0.6327	  	  	 	0.6370	  
	 79
	  	 	0.5801	  	  	 	0.5825	  	  	 	0.5850	  	  	 	0.5877	  	  	 	0.5906	  	  	 	0.5936	  	  	 	0.5968	  	  	 	0.6002	  	  	 	0.6037	  	  	 	0.6074	  	  	 	0.6114	  	  	 	0.6155	  	  	 	0.6198	  
	 80
	  	 	0.5629	  	  	 	0.5652	  	  	 	0.5678	  	  	 	0.5705	  	  	 	0.5733	  	  	 	0.5763	  	  	 	0.5794	  	  	 	0.5828	  	  	 	0.5863	  	  	 	0.5900	  	  	 	0.5939	  	  	 	0.5979	  	  	 	0.6022	  

  
 7 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	48	 	  	49	 	  	50	 	  	51	 	  	52	 	  	53	 	  	54	 	  	55	 	  	56	 	  	57	 	  	58	 	  	59	 	  	60	 
	 55
	  	 	0.9132	  	  	 	0.9160	  	  	 	0.9188	  	  	 	0.9216	  	  	 	0.9244	  	  	 	0.9273	  	  	 	0.9302	  	  	 	0.9330	  	  	 	0.9359	  	  	 	0.9388	  	  	 	0.9416	  	  	 	0.9444	  	  	 	0.9472	  
	 56
	  	 	0.9065	  	  	 	0.9094	  	  	 	0.9123	  	  	 	0.9153	  	  	 	0.9183	  	  	 	0.9213	  	  	 	0.9243	  	  	 	0.9274	  	  	 	0.9304	  	  	 	0.9334	  	  	 	0.9365	  	  	 	0.9395	  	  	 	0.9424	  
	 57
	  	 	0.8993	  	  	 	0.9024	  	  	 	0.9054	  	  	 	0.9086	  	  	 	0.9117	  	  	 	0.9149	  	  	 	0.9181	  	  	 	0.9213	  	  	 	0.9245	  	  	 	0.9277	  	  	 	0.9309	  	  	 	0.9341	  	  	 	0.9373	  
	 58
	  	 	0.8918	  	  	 	0.8949	  	  	 	0.8981	  	  	 	0.9014	  	  	 	0.9047	  	  	 	0.9081	  	  	 	0.9114	  	  	 	0.9148	  	  	 	0.9182	  	  	 	0.9216	  	  	 	0.9250	  	  	 	0.9284	  	  	 	0.9317	  
	 59
	  	 	0.8838	  	  	 	0.8871	  	  	 	0.8904	  	  	 	0.8938	  	  	 	0.8973	  	  	 	0.9008	  	  	 	0.9043	  	  	 	0.9079	  	  	 	0.9114	  	  	 	0.9150	  	  	 	0.9186	  	  	 	0.9222	  	  	 	0.9258	  
	 60
	  	 	0.8753	  	  	 	0.8787	  	  	 	0.8822	  	  	 	0.8857	  	  	 	0.8894	  	  	 	0.8930	  	  	 	0.8967	  	  	 	0.9004	  	  	 	0.9042	  	  	 	0.9080	  	  	 	0.9118	  	  	 	0.9156	  	  	 	0.9194	  
	 61
	  	 	0.8663	  	  	 	0.8699	  	  	 	0.8735	  	  	 	0.8772	  	  	 	0.8809	  	  	 	0.8848	  	  	 	0.8886	  	  	 	0.8925	  	  	 	0.8965	  	  	 	0.9005	  	  	 	0.9045	  	  	 	0.9085	  	  	 	0.9125	  
	 62
	  	 	0.8569	  	  	 	0.8606	  	  	 	0.8643	  	  	 	0.8681	  	  	 	0.8720	  	  	 	0.8760	  	  	 	0.8801	  	  	 	0.8841	  	  	 	0.8883	  	  	 	0.8925	  	  	 	0.8967	  	  	 	0.9009	  	  	 	0.9051	  
	 63
	  	 	0.8470	  	  	 	0.8508	  	  	 	0.8546	  	  	 	0.8586	  	  	 	0.8627	  	  	 	0.8668	  	  	 	0.8710	  	  	 	0.8753	  	  	 	0.8796	  	  	 	0.8840	  	  	 	0.8884	  	  	 	0.8928	  	  	 	0.8973	  
	 64
	  	 	0.8366	  	  	 	0.8405	  	  	 	0.8445	  	  	 	0.8486	  	  	 	0.8528	  	  	 	0.8571	  	  	 	0.8614	  	  	 	0.8659	  	  	 	0.8704	  	  	 	0.8750	  	  	 	0.8796	  	  	 	0.8842	  	  	 	0.8889	  
	 65
	  	 	0.8258	  	  	 	0.8298	  	  	 	0.8339	  	  	 	0.8381	  	  	 	0.8425	  	  	 	0.8469	  	  	 	0.8514	  	  	 	0.8560	  	  	 	0.8607	  	  	 	0.8655	  	  	 	0.8703	  	  	 	0.8752	  	  	 	0.8801	  
	 66
	  	 	0.8145	  	  	 	0.8186	  	  	 	0.8229	  	  	 	0.8272	  	  	 	0.8317	  	  	 	0.8362	  	  	 	0.8409	  	  	 	0.8457	  	  	 	0.8506	  	  	 	0.8555	  	  	 	0.8605	  	  	 	0.8656	  	  	 	0.8708	  
	 67
	  	 	0.8029	  	  	 	0.8071	  	  	 	0.8114	  	  	 	0.8159	  	  	 	0.8205	  	  	 	0.8252	  	  	 	0.8300	  	  	 	0.8349	  	  	 	0.8400	  	  	 	0.8451	  	  	 	0.8503	  	  	 	0.8556	  	  	 	0.8610	  
	 68
	  	 	0.7908	  	  	 	0.7951	  	  	 	0.7996	  	  	 	0.8041	  	  	 	0.8088	  	  	 	0.8137	  	  	 	0.8186	  	  	 	0.8237	  	  	 	0.8289	  	  	 	0.8342	  	  	 	0.8396	  	  	 	0.8451	  	  	 	0.8507	  
	 69
	  	 	0.7783	  	  	 	0.7827	  	  	 	0.7872	  	  	 	0.7919	  	  	 	0.7967	  	  	 	0.8016	  	  	 	0.8067	  	  	 	0.8120	  	  	 	0.8173	  	  	 	0.8228	  	  	 	0.8284	  	  	 	0.8341	  	  	 	0.8399	  
	 70
	  	 	0.7652	  	  	 	0.7696	  	  	 	0.7742	  	  	 	0.7790	  	  	 	0.7839	  	  	 	0.7890	  	  	 	0.7942	  	  	 	0.7996	  	  	 	0.8051	  	  	 	0.8107	  	  	 	0.8165	  	  	 	0.8224	  	  	 	0.8284	  
	 71
	  	 	0.7515	  	  	 	0.7560	  	  	 	0.7607	  	  	 	0.7656	  	  	 	0.7706	  	  	 	0.7757	  	  	 	0.7811	  	  	 	0.7866	  	  	 	0.7922	  	  	 	0.7980	  	  	 	0.8040	  	  	 	0.8100	  	  	 	0.8162	  
	 72
	  	 	0.7372	  	  	 	0.7418	  	  	 	0.7466	  	  	 	0.7515	  	  	 	0.7566	  	  	 	0.7619	  	  	 	0.7673	  	  	 	0.7729	  	  	 	0.7787	  	  	 	0.7846	  	  	 	0.7907	  	  	 	0.7970	  	  	 	0.8034	  
	 73
	  	 	0.7224	  	  	 	0.7270	  	  	 	0.7318	  	  	 	0.7368	  	  	 	0.7420	  	  	 	0.7474	  	  	 	0.7529	  	  	 	0.7586	  	  	 	0.7645	  	  	 	0.7706	  	  	 	0.7769	  	  	 	0.7833	  	  	 	0.7898	  
	 74
	  	 	0.7071	  	  	 	0.7117	  	  	 	0.7166	  	  	 	0.7216	  	  	 	0.7269	  	  	 	0.7323	  	  	 	0.7379	  	  	 	0.7437	  	  	 	0.7497	  	  	 	0.7560	  	  	 	0.7623	  	  	 	0.7689	  	  	 	0.7756	  
	 75
	  	 	0.6913	  	  	 	0.6959	  	  	 	0.7008	  	  	 	0.7059	  	  	 	0.7112	  	  	 	0.7167	  	  	 	0.7224	  	  	 	0.7283	  	  	 	0.7344	  	  	 	0.7407	  	  	 	0.7472	  	  	 	0.7539	  	  	 	0.7608	  
	 76
	  	 	0.6750	  	  	 	0.6797	  	  	 	0.6847	  	  	 	0.6898	  	  	 	0.6951	  	  	 	0.7007	  	  	 	0.7064	  	  	 	0.7124	  	  	 	0.7186	  	  	 	0.7250	  	  	 	0.7316	  	  	 	0.7384	  	  	 	0.7455	  
	 77
	  	 	0.6584	  	  	 	0.6632	  	  	 	0.6681	  	  	 	0.6732	  	  	 	0.6786	  	  	 	0.6842	  	  	 	0.6900	  	  	 	0.6960	  	  	 	0.7023	  	  	 	0.7087	  	  	 	0.7155	  	  	 	0.7224	  	  	 	0.7295	  
	 78
	  	 	0.6416	  	  	 	0.6463	  	  	 	0.6512	  	  	 	0.6564	  	  	 	0.6618	  	  	 	0.6674	  	  	 	0.6732	  	  	 	0.6793	  	  	 	0.6856	  	  	 	0.6921	  	  	 	0.6989	  	  	 	0.7059	  	  	 	0.7132	  
	 79
	  	 	0.6243	  	  	 	0.6290	  	  	 	0.6340	  	  	 	0.6391	  	  	 	0.6445	  	  	 	0.6501	  	  	 	0.6560	  	  	 	0.6621	  	  	 	0.6684	  	  	 	0.6750	  	  	 	0.6819	  	  	 	0.6889	  	  	 	0.6963	  
	 80
	  	 	0.6067	  	  	 	0.6114	  	  	 	0.6163	  	  	 	0.6215	  	  	 	0.6269	  	  	 	0.6325	  	  	 	0.6383	  	  	 	0.6444	  	  	 	0.6508	  	  	 	0.6574	  	  	 	0.6643	  	  	 	0.6715	  	  	 	0.6789	  

  
 8 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	61	 	  	62	 	  	63	 	  	64	 	  	65	 	  	66	 	  	67	 	  	68	 	  	69	 	  	70	 	  	71	 	  	72	 	  	73	 
	 55
	  	 	0.9499	  	  	 	0.9526	  	  	 	0.9552	  	  	 	0.9578	  	  	 	0.9603	  	  	 	0.9627	  	  	 	0.9650	  	  	 	0.9673	  	  	 	0.9695	  	  	 	0.9716	  	  	 	0.9736	  	  	 	0.9755	  	  	 	0.9774	  
	 56
	  	 	0.9453	  	  	 	0.9482	  	  	 	0.9510	  	  	 	0.9538	  	  	 	0.9565	  	  	 	0.9591	  	  	 	0.9616	  	  	 	0.9641	  	  	 	0.9665	  	  	 	0.9687	  	  	 	0.9710	  	  	 	0.9731	  	  	 	0.9751	  
	 57
	  	 	0.9404	  	  	 	0.9435	  	  	 	0.9465	  	  	 	0.9495	  	  	 	0.9524	  	  	 	0.9552	  	  	 	0.9579	  	  	 	0.9606	  	  	 	0.9632	  	  	 	0.9656	  	  	 	0.9680	  	  	 	0.9703	  	  	 	0.9725	  
	 58
	  	 	0.9351	  	  	 	0.9384	  	  	 	0.9416	  	  	 	0.9448	  	  	 	0.9479	  	  	 	0.9510	  	  	 	0.9539	  	  	 	0.9568	  	  	 	0.9595	  	  	 	0.9622	  	  	 	0.9648	  	  	 	0.9673	  	  	 	0.9697	  
	 59
	  	 	0.9293	  	  	 	0.9329	  	  	 	0.9363	  	  	 	0.9397	  	  	 	0.9431	  	  	 	0.9463	  	  	 	0.9495	  	  	 	0.9526	  	  	 	0.9556	  	  	 	0.9585	  	  	 	0.9613	  	  	 	0.9641	  	  	 	0.9667	  
	 60
	  	 	0.9232	  	  	 	0.9269	  	  	 	0.9306	  	  	 	0.9342	  	  	 	0.9378	  	  	 	0.9413	  	  	 	0.9447	  	  	 	0.9481	  	  	 	0.9513	  	  	 	0.9545	  	  	 	0.9575	  	  	 	0.9605	  	  	 	0.9633	  
	 61
	  	 	0.9165	  	  	 	0.9205	  	  	 	0.9244	  	  	 	0.9283	  	  	 	0.9321	  	  	 	0.9359	  	  	 	0.9395	  	  	 	0.9431	  	  	 	0.9466	  	  	 	0.9500	  	  	 	0.9533	  	  	 	0.9565	  	  	 	0.9596	  
	 62
	  	 	0.9094	  	  	 	0.9136	  	  	 	0.9178	  	  	 	0.9219	  	  	 	0.9260	  	  	 	0.9300	  	  	 	0.9339	  	  	 	0.9378	  	  	 	0.9415	  	  	 	0.9452	  	  	 	0.9487	  	  	 	0.9522	  	  	 	0.9556	  
	 63
	  	 	0.9017	  	  	 	0.9062	  	  	 	0.9106	  	  	 	0.9150	  	  	 	0.9194	  	  	 	0.9237	  	  	 	0.9278	  	  	 	0.9320	  	  	 	0.9360	  	  	 	0.9399	  	  	 	0.9438	  	  	 	0.9475	  	  	 	0.9511	  
	 64
	  	 	0.8936	  	  	 	0.8983	  	  	 	0.9030	  	  	 	0.9077	  	  	 	0.9123	  	  	 	0.9168	  	  	 	0.9213	  	  	 	0.9257	  	  	 	0.9300	  	  	 	0.9343	  	  	 	0.9384	  	  	 	0.9424	  	  	 	0.9463	  
	 65
	  	 	0.8850	  	  	 	0.8900	  	  	 	0.8949	  	  	 	0.8998	  	  	 	0.9047	  	  	 	0.9096	  	  	 	0.9143	  	  	 	0.9190	  	  	 	0.9236	  	  	 	0.9281	  	  	 	0.9326	  	  	 	0.9369	  	  	 	0.9411	  
	 66
	  	 	0.8759	  	  	 	0.8811	  	  	 	0.8863	  	  	 	0.8915	  	  	 	0.8967	  	  	 	0.9018	  	  	 	0.9069	  	  	 	0.9119	  	  	 	0.9168	  	  	 	0.9216	  	  	 	0.9264	  	  	 	0.9310	  	  	 	0.9355	  
	 67
	  	 	0.8664	  	  	 	0.8718	  	  	 	0.8773	  	  	 	0.8828	  	  	 	0.8882	  	  	 	0.8936	  	  	 	0.8990	  	  	 	0.9043	  	  	 	0.9095	  	  	 	0.9146	  	  	 	0.9197	  	  	 	0.9247	  	  	 	0.9296	  
	 68
	  	 	0.8564	  	  	 	0.8621	  	  	 	0.8678	  	  	 	0.8735	  	  	 	0.8792	  	  	 	0.8849	  	  	 	0.8906	  	  	 	0.8962	  	  	 	0.9017	  	  	 	0.9072	  	  	 	0.9126	  	  	 	0.9180	  	  	 	0.9232	  
	 69
	  	 	0.8458	  	  	 	0.8517	  	  	 	0.8577	  	  	 	0.8637	  	  	 	0.8697	  	  	 	0.8757	  	  	 	0.8816	  	  	 	0.8875	  	  	 	0.8934	  	  	 	0.8992	  	  	 	0.9050	  	  	 	0.9107	  	  	 	0.9162	  
	 70
	  	 	0.8345	  	  	 	0.8407	  	  	 	0.8469	  	  	 	0.8532	  	  	 	0.8595	  	  	 	0.8658	  	  	 	0.8720	  	  	 	0.8782	  	  	 	0.8844	  	  	 	0.8906	  	  	 	0.8967	  	  	 	0.9028	  	  	 	0.9087	  
	 71
	  	 	0.8225	  	  	 	0.8290	  	  	 	0.8354	  	  	 	0.8420	  	  	 	0.8485	  	  	 	0.8551	  	  	 	0.8617	  	  	 	0.8682	  	  	 	0.8748	  	  	 	0.8813	  	  	 	0.8878	  	  	 	0.8942	  	  	 	0.9005	  
	 72
	  	 	0.8099	  	  	 	0.8165	  	  	 	0.8233	  	  	 	0.8301	  	  	 	0.8369	  	  	 	0.8438	  	  	 	0.8506	  	  	 	0.8575	  	  	 	0.8644	  	  	 	0.8713	  	  	 	0.8781	  	  	 	0.8849	  	  	 	0.8916	  
	 73
	  	 	0.7966	  	  	 	0.8034	  	  	 	0.8104	  	  	 	0.8174	  	  	 	0.8245	  	  	 	0.8317	  	  	 	0.8388	  	  	 	0.8460	  	  	 	0.8532	  	  	 	0.8605	  	  	 	0.8677	  	  	 	0.8749	  	  	 	0.8820	  
	 74
	  	 	0.7826	  	  	 	0.7896	  	  	 	0.7968	  	  	 	0.8041	  	  	 	0.8114	  	  	 	0.8189	  	  	 	0.8263	  	  	 	0.8338	  	  	 	0.8414	  	  	 	0.8489	  	  	 	0.8565	  	  	 	0.8641	  	  	 	0.8716	  
	 75
	  	 	0.7679	  	  	 	0.7752	  	  	 	0.7825	  	  	 	0.7900	  	  	 	0.7977	  	  	 	0.8054	  	  	 	0.8131	  	  	 	0.8209	  	  	 	0.8288	  	  	 	0.8367	  	  	 	0.8447	  	  	 	0.8526	  	  	 	0.8606	  
	 76
	  	 	0.7527	  	  	 	0.7601	  	  	 	0.7677	  	  	 	0.7754	  	  	 	0.7832	  	  	 	0.7912	  	  	 	0.7992	  	  	 	0.8073	  	  	 	0.8155	  	  	 	0.8237	  	  	 	0.8321	  	  	 	0.8404	  	  	 	0.8488	  
	 77
	  	 	0.7369	  	  	 	0.7445	  	  	 	0.7522	  	  	 	0.7601	  	  	 	0.7682	  	  	 	0.7764	  	  	 	0.7847	  	  	 	0.7930	  	  	 	0.8015	  	  	 	0.8101	  	  	 	0.8188	  	  	 	0.8275	  	  	 	0.8362	  
	 78
	  	 	0.7207	  	  	 	0.7284	  	  	 	0.7363	  	  	 	0.7444	  	  	 	0.7527	  	  	 	0.7611	  	  	 	0.7696	  	  	 	0.7782	  	  	 	0.7870	  	  	 	0.7959	  	  	 	0.8049	  	  	 	0.8139	  	  	 	0.8231	  
	 79
	  	 	0.7039	  	  	 	0.7117	  	  	 	0.7198	  	  	 	0.7280	  	  	 	0.7364	  	  	 	0.7450	  	  	 	0.7538	  	  	 	0.7626	  	  	 	0.7717	  	  	 	0.7809	  	  	 	0.7902	  	  	 	0.7996	  	  	 	0.8091	  
	 80
	  	 	0.6866	  	  	 	0.6945	  	  	 	0.7027	  	  	 	0.7110	  	  	 	0.7196	  	  	 	0.7284	  	  	 	0.7373	  	  	 	0.7464	  	  	 	0.7557	  	  	 	0.7651	  	  	 	0.7748	  	  	 	0.7845	  	  	 	0.7944	  

  
 9 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	74	 	  	75	 	  	76	 	  	77	 	  	78	 	  	79	 	  	80	 	  	81	 	  	82	 	  	83	 	  	84	 	  	85	 	  	86	 
	 55
	  	 	0.9792	  	  	 	0.9808	  	  	 	0.9824	  	  	 	0.9839	  	  	 	0.9853	  	  	 	0.9866	  	  	 	0.9878	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9910	  	  	 	0.9919	  	  	 	0.9927	  	  	 	0.9935	  
	 56
	  	 	0.9770	  	  	 	0.9789	  	  	 	0.9806	  	  	 	0.9822	  	  	 	0.9837	  	  	 	0.9852	  	  	 	0.9865	  	  	 	0.9878	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9910	  	  	 	0.9919	  	  	 	0.9928	  
	 57
	  	 	0.9747	  	  	 	0.9767	  	  	 	0.9785	  	  	 	0.9803	  	  	 	0.9820	  	  	 	0.9836	  	  	 	0.9851	  	  	 	0.9864	  	  	 	0.9877	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9910	  	  	 	0.9920	  
	 58
	  	 	0.9720	  	  	 	0.9742	  	  	 	0.9763	  	  	 	0.9783	  	  	 	0.9801	  	  	 	0.9818	  	  	 	0.9835	  	  	 	0.9850	  	  	 	0.9864	  	  	 	0.9877	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9911	  
	 59
	  	 	0.9692	  	  	 	0.9716	  	  	 	0.9738	  	  	 	0.9760	  	  	 	0.9780	  	  	 	0.9799	  	  	 	0.9817	  	  	 	0.9834	  	  	 	0.9849	  	  	 	0.9863	  	  	 	0.9877	  	  	 	0.9889	  	  	 	0.9901	  
	 60
	  	 	0.9660	  	  	 	0.9686	  	  	 	0.9711	  	  	 	0.9735	  	  	 	0.9757	  	  	 	0.9778	  	  	 	0.9797	  	  	 	0.9815	  	  	 	0.9833	  	  	 	0.9848	  	  	 	0.9863	  	  	 	0.9877	  	  	 	0.9890	  
	 61
	  	 	0.9626	  	  	 	0.9654	  	  	 	0.9681	  	  	 	0.9707	  	  	 	0.9731	  	  	 	0.9754	  	  	 	0.9775	  	  	 	0.9795	  	  	 	0.9814	  	  	 	0.9832	  	  	 	0.9848	  	  	 	0.9863	  	  	 	0.9877	  
	 62
	  	 	0.9588	  	  	 	0.9619	  	  	 	0.9648	  	  	 	0.9676	  	  	 	0.9702	  	  	 	0.9727	  	  	 	0.9751	  	  	 	0.9773	  	  	 	0.9794	  	  	 	0.9813	  	  	 	0.9831	  	  	 	0.9848	  	  	 	0.9863	  
	 63
	  	 	0.9546	  	  	 	0.9580	  	  	 	0.9612	  	  	 	0.9642	  	  	 	0.9671	  	  	 	0.9698	  	  	 	0.9724	  	  	 	0.9748	  	  	 	0.9771	  	  	 	0.9792	  	  	 	0.9812	  	  	 	0.9831	  	  	 	0.9848	  
	 64
	  	 	0.9501	  	  	 	0.9537	  	  	 	0.9572	  	  	 	0.9605	  	  	 	0.9637	  	  	 	0.9667	  	  	 	0.9695	  	  	 	0.9721	  	  	 	0.9746	  	  	 	0.9770	  	  	 	0.9791	  	  	 	0.9812	  	  	 	0.9831	  
	 65
	  	 	0.9452	  	  	 	0.9491	  	  	 	0.9529	  	  	 	0.9565	  	  	 	0.9599	  	  	 	0.9632	  	  	 	0.9663	  	  	 	0.9692	  	  	 	0.9719	  	  	 	0.9745	  	  	 	0.9769	  	  	 	0.9791	  	  	 	0.9812	  
	 66
	  	 	0.9399	  	  	 	0.9442	  	  	 	0.9483	  	  	 	0.9522	  	  	 	0.9559	  	  	 	0.9594	  	  	 	0.9628	  	  	 	0.9660	  	  	 	0.9689	  	  	 	0.9717	  	  	 	0.9744	  	  	 	0.9768	  	  	 	0.9791	  
	 67
	  	 	0.9343	  	  	 	0.9389	  	  	 	0.9433	  	  	 	0.9475	  	  	 	0.9515	  	  	 	0.9554	  	  	 	0.9590	  	  	 	0.9625	  	  	 	0.9657	  	  	 	0.9688	  	  	 	0.9717	  	  	 	0.9744	  	  	 	0.9769	  
	 68
	  	 	0.9282	  	  	 	0.9332	  	  	 	0.9379	  	  	 	0.9425	  	  	 	0.9468	  	  	 	0.9510	  	  	 	0.9550	  	  	 	0.9587	  	  	 	0.9623	  	  	 	0.9656	  	  	 	0.9688	  	  	 	0.9717	  	  	 	0.9745	  
	 69
	  	 	0.9217	  	  	 	0.9270	  	  	 	0.9321	  	  	 	0.9370	  	  	 	0.9417	  	  	 	0.9462	  	  	 	0.9505	  	  	 	0.9546	  	  	 	0.9585	  	  	 	0.9621	  	  	 	0.9655	  	  	 	0.9688	  	  	 	0.9718	  
	 70
	  	 	0.9145	  	  	 	0.9202	  	  	 	0.9257	  	  	 	0.9310	  	  	 	0.9360	  	  	 	0.9409	  	  	 	0.9456	  	  	 	0.9500	  	  	 	0.9542	  	  	 	0.9582	  	  	 	0.9620	  	  	 	0.9655	  	  	 	0.9688	  
	 71
	  	 	0.9067	  	  	 	0.9128	  	  	 	0.9187	  	  	 	0.9243	  	  	 	0.9298	  	  	 	0.9351	  	  	 	0.9401	  	  	 	0.9450	  	  	 	0.9495	  	  	 	0.9539	  	  	 	0.9580	  	  	 	0.9618	  	  	 	0.9655	  
	 72
	  	 	0.8982	  	  	 	0.9047	  	  	 	0.9110	  	  	 	0.9171	  	  	 	0.9230	  	  	 	0.9287	  	  	 	0.9341	  	  	 	0.9394	  	  	 	0.9443	  	  	 	0.9490	  	  	 	0.9535	  	  	 	0.9578	  	  	 	0.9618	  
	 73
	  	 	0.8890	  	  	 	0.8959	  	  	 	0.9026	  	  	 	0.9092	  	  	 	0.9155	  	  	 	0.9216	  	  	 	0.9275	  	  	 	0.9332	  	  	 	0.9386	  	  	 	0.9437	  	  	 	0.9486	  	  	 	0.9532	  	  	 	0.9576	  
	 74
	  	 	0.8791	  	  	 	0.8864	  	  	 	0.8936	  	  	 	0.9006	  	  	 	0.9074	  	  	 	0.9139	  	  	 	0.9203	  	  	 	0.9264	  	  	 	0.9322	  	  	 	0.9378	  	  	 	0.9431	  	  	 	0.9482	  	  	 	0.9529	  
	 75
	  	 	0.8684	  	  	 	0.8762	  	  	 	0.8838	  	  	 	0.8913	  	  	 	0.8985	  	  	 	0.9056	  	  	 	0.9124	  	  	 	0.9190	  	  	 	0.9253	  	  	 	0.9313	  	  	 	0.9371	  	  	 	0.9426	  	  	 	0.9478	  
	 76
	  	 	0.8571	  	  	 	0.8653	  	  	 	0.8733	  	  	 	0.8813	  	  	 	0.8890	  	  	 	0.8965	  	  	 	0.9039	  	  	 	0.9109	  	  	 	0.9177	  	  	 	0.9242	  	  	 	0.9305	  	  	 	0.9365	  	  	 	0.9422	  
	 77
	  	 	0.8450	  	  	 	0.8536	  	  	 	0.8622	  	  	 	0.8706	  	  	 	0.8788	  	  	 	0.8868	  	  	 	0.8946	  	  	 	0.9022	  	  	 	0.9095	  	  	 	0.9165	  	  	 	0.9233	  	  	 	0.9298	  	  	 	0.9360	  
	 78
	  	 	0.8322	  	  	 	0.8413	  	  	 	0.8503	  	  	 	0.8592	  	  	 	0.8679	  	  	 	0.8764	  	  	 	0.8848	  	  	 	0.8929	  	  	 	0.9007	  	  	 	0.9082	  	  	 	0.9155	  	  	 	0.9225	  	  	 	0.9292	  
	 79
	  	 	0.8187	  	  	 	0.8282	  	  	 	0.8376	  	  	 	0.8470	  	  	 	0.8562	  	  	 	0.8652	  	  	 	0.8741	  	  	 	0.8827	  	  	 	0.8911	  	  	 	0.8992	  	  	 	0.9070	  	  	 	0.9146	  	  	 	0.9219	  
	 80
	  	 	0.8044	  	  	 	0.8143	  	  	 	0.8242	  	  	 	0.8340	  	  	 	0.8437	  	  	 	0.8533	  	  	 	0.8627	  	  	 	0.8718	  	  	 	0.8808	  	  	 	0.8894	  	  	 	0.8978	  	  	 	0.9059	  	  	 	0.9138	  

  
 10 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	87	 	  	88	 	  	89	 	  	90	 	  	91	 	  	92	 	  	93	 	  	94	 	  	95	 	  	96	 	  	97	 	  	98	 	  	99	 
	 55
	  	 	0.9942	  	  	 	0.9948	  	  	 	0.9954	  	  	 	0.9960	  	  	 	0.9965	  	  	 	0.9969	  	  	 	0.9973	  	  	 	0.9977	  	  	 	0.9980	  	  	 	0.9983	  	  	 	0.9985	  	  	 	0.9987	  	  	 	0.9989	  
	 56
	  	 	0.9936	  	  	 	0.9943	  	  	 	0.9949	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9966	  	  	 	0.9970	  	  	 	0.9974	  	  	 	0.9978	  	  	 	0.9981	  	  	 	0.9984	  	  	 	0.9986	  	  	 	0.9988	  
	 57
	  	 	0.9928	  	  	 	0.9936	  	  	 	0.9944	  	  	 	0.9950	  	  	 	0.9956	  	  	 	0.9962	  	  	 	0.9967	  	  	 	0.9971	  	  	 	0.9975	  	  	 	0.9979	  	  	 	0.9982	  	  	 	0.9984	  	  	 	0.9987	  
	 58
	  	 	0.9920	  	  	 	0.9929	  	  	 	0.9937	  	  	 	0.9945	  	  	 	0.9951	  	  	 	0.9957	  	  	 	0.9963	  	  	 	0.9968	  	  	 	0.9972	  	  	 	0.9976	  	  	 	0.9980	  	  	 	0.9983	  	  	 	0.9985	  
	 59
	  	 	0.9912	  	  	 	0.9921	  	  	 	0.9930	  	  	 	0.9938	  	  	 	0.9946	  	  	 	0.9953	  	  	 	0.9959	  	  	 	0.9964	  	  	 	0.9969	  	  	 	0.9973	  	  	 	0.9977	  	  	 	0.9981	  	  	 	0.9984	  
	 60
	  	 	0.9902	  	  	 	0.9912	  	  	 	0.9922	  	  	 	0.9931	  	  	 	0.9940	  	  	 	0.9947	  	  	 	0.9954	  	  	 	0.9960	  	  	 	0.9965	  	  	 	0.9970	  	  	 	0.9975	  	  	 	0.9978	  	  	 	0.9982	  
	 61
	  	 	0.9890	  	  	 	0.9902	  	  	 	0.9913	  	  	 	0.9924	  	  	 	0.9933	  	  	 	0.9941	  	  	 	0.9949	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9967	  	  	 	0.9972	  	  	 	0.9976	  	  	 	0.9980	  
	 62
	  	 	0.9878	  	  	 	0.9891	  	  	 	0.9903	  	  	 	0.9915	  	  	 	0.9925	  	  	 	0.9934	  	  	 	0.9942	  	  	 	0.9950	  	  	 	0.9957	  	  	 	0.9963	  	  	 	0.9968	  	  	 	0.9973	  	  	 	0.9977	  
	 63
	  	 	0.9864	  	  	 	0.9879	  	  	 	0.9892	  	  	 	0.9905	  	  	 	0.9916	  	  	 	0.9926	  	  	 	0.9936	  	  	 	0.9944	  	  	 	0.9952	  	  	 	0.9958	  	  	 	0.9964	  	  	 	0.9970	  	  	 	0.9974	  
	 64
	  	 	0.9849	  	  	 	0.9865	  	  	 	0.9880	  	  	 	0.9894	  	  	 	0.9906	  	  	 	0.9918	  	  	 	0.9928	  	  	 	0.9937	  	  	 	0.9946	  	  	 	0.9953	  	  	 	0.9960	  	  	 	0.9966	  	  	 	0.9971	  
	 65
	  	 	0.9832	  	  	 	0.9850	  	  	 	0.9866	  	  	 	0.9881	  	  	 	0.9895	  	  	 	0.9908	  	  	 	0.9919	  	  	 	0.9930	  	  	 	0.9939	  	  	 	0.9948	  	  	 	0.9955	  	  	 	0.9962	  	  	 	0.9968	  
	 66
	  	 	0.9813	  	  	 	0.9833	  	  	 	0.9851	  	  	 	0.9868	  	  	 	0.9883	  	  	 	0.9897	  	  	 	0.9910	  	  	 	0.9922	  	  	 	0.9932	  	  	 	0.9941	  	  	 	0.9950	  	  	 	0.9957	  	  	 	0.9964	  
	 67
	  	 	0.9793	  	  	 	0.9815	  	  	 	0.9835	  	  	 	0.9853	  	  	 	0.9870	  	  	 	0.9886	  	  	 	0.9900	  	  	 	0.9913	  	  	 	0.9924	  	  	 	0.9935	  	  	 	0.9944	  	  	 	0.9952	  	  	 	0.9960	  
	 68
	  	 	0.9771	  	  	 	0.9795	  	  	 	0.9817	  	  	 	0.9838	  	  	 	0.9856	  	  	 	0.9873	  	  	 	0.9889	  	  	 	0.9903	  	  	 	0.9916	  	  	 	0.9927	  	  	 	0.9938	  	  	 	0.9947	  	  	 	0.9955	  
	 69
	  	 	0.9747	  	  	 	0.9773	  	  	 	0.9797	  	  	 	0.9820	  	  	 	0.9841	  	  	 	0.9860	  	  	 	0.9877	  	  	 	0.9893	  	  	 	0.9907	  	  	 	0.9919	  	  	 	0.9931	  	  	 	0.9941	  	  	 	0.9950	  
	 70
	  	 	0.9720	  	  	 	0.9749	  	  	 	0.9776	  	  	 	0.9800	  	  	 	0.9823	  	  	 	0.9844	  	  	 	0.9863	  	  	 	0.9881	  	  	 	0.9896	  	  	 	0.9910	  	  	 	0.9923	  	  	 	0.9934	  	  	 	0.9944	  
	 71
	  	 	0.9689	  	  	 	0.9721	  	  	 	0.9751	  	  	 	0.9778	  	  	 	0.9804	  	  	 	0.9827	  	  	 	0.9848	  	  	 	0.9867	  	  	 	0.9884	  	  	 	0.9900	  	  	 	0.9914	  	  	 	0.9927	  	  	 	0.9938	  
	 72
	  	 	0.9655	  	  	 	0.9690	  	  	 	0.9723	  	  	 	0.9753	  	  	 	0.9781	  	  	 	0.9807	  	  	 	0.9830	  	  	 	0.9852	  	  	 	0.9871	  	  	 	0.9888	  	  	 	0.9904	  	  	 	0.9918	  	  	 	0.9931	  
	 73
	  	 	0.9617	  	  	 	0.9656	  	  	 	0.9692	  	  	 	0.9725	  	  	 	0.9756	  	  	 	0.9784	  	  	 	0.9810	  	  	 	0.9834	  	  	 	0.9855	  	  	 	0.9875	  	  	 	0.9892	  	  	 	0.9908	  	  	 	0.9922	  
	 74
	  	 	0.9575	  	  	 	0.9617	  	  	 	0.9657	  	  	 	0.9694	  	  	 	0.9728	  	  	 	0.9759	  	  	 	0.9788	  	  	 	0.9814	  	  	 	0.9838	  	  	 	0.9860	  	  	 	0.9879	  	  	 	0.9897	  	  	 	0.9912	  
	 75
	  	 	0.9527	  	  	 	0.9574	  	  	 	0.9618	  	  	 	0.9658	  	  	 	0.9696	  	  	 	0.9731	  	  	 	0.9763	  	  	 	0.9792	  	  	 	0.9818	  	  	 	0.9843	  	  	 	0.9864	  	  	 	0.9884	  	  	 	0.9901	  
	 76
	  	 	0.9476	  	  	 	0.9526	  	  	 	0.9574	  	  	 	0.9619	  	  	 	0.9661	  	  	 	0.9699	  	  	 	0.9734	  	  	 	0.9767	  	  	 	0.9796	  	  	 	0.9823	  	  	 	0.9848	  	  	 	0.9869	  	  	 	0.9889	  
	 77
	  	 	0.9418	  	  	 	0.9474	  	  	 	0.9527	  	  	 	0.9576	  	  	 	0.9622	  	  	 	0.9664	  	  	 	0.9703	  	  	 	0.9739	  	  	 	0.9772	  	  	 	0.9802	  	  	 	0.9829	  	  	 	0.9853	  	  	 	0.9875	  
	 78
	  	 	0.9356	  	  	 	0.9417	  	  	 	0.9474	  	  	 	0.9528	  	  	 	0.9579	  	  	 	0.9625	  	  	 	0.9668	  	  	 	0.9708	  	  	 	0.9745	  	  	 	0.9778	  	  	 	0.9808	  	  	 	0.9835	  	  	 	0.9860	  
	 79
	  	 	0.9288	  	  	 	0.9354	  	  	 	0.9417	  	  	 	0.9476	  	  	 	0.9531	  	  	 	0.9582	  	  	 	0.9630	  	  	 	0.9674	  	  	 	0.9714	  	  	 	0.9751	  	  	 	0.9784	  	  	 	0.9815	  	  	 	0.9842	  
	 80
	  	 	0.9213	  	  	 	0.9285	  	  	 	0.9353	  	  	 	0.9417	  	  	 	0.9478	  	  	 	0.9534	  	  	 	0.9586	  	  	 	0.9635	  	  	 	0.9680	  	  	 	0.9721	  	  	 	0.9758	  	  	 	0.9792	  	  	 	0.9822	  

  
 11Re-established Retirement Plan for Hourly Employees

 Exhibit 10.2 
 RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES OF 
 KEWAUNEE
SCIENTIFIC CORPORATION 
 (As Amended and Restated Effective as of May 1, 2012) 

 RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 (As Amended and Restated Effective as of May 1, 2012) 
 WHEREAS, prior
to April 30, 1985, Kewaunee Scientific Corporation, formerly known as Kewaunee Scientific Equipment Company, maintained the Kewaunee Scientific Equipment Corporation Hourly Employees’ Retirement Plan, which was terminated effective
April 30, 1985, and replaced, effective as of May 1, 1985, with the Re-established Retirement Plan for Hourly Employees of Kewaunee Scientific Equipment Corporation, which was amended and restated in its entirety effective as of
May 1, 1989, in order to comply with the Tax Reform Act of 1986, and renamed effective as of May 1, 1991, as the “Re-Established Retirement Plan for Hourly Employees of Kewaunee Scientific Corporation” (the “Plan”), and
was again amended and restated effective as of May 1, 1989, in order to comply with the Tax Reform Act of 1986; and 

WHEREAS, the Kewaunee Scientific Corporation (the “Company”) subsequently restated the Plan in its entirety to
incorporate certain design changes and to incorporate the requirements of the Internal Revenue Code of 1986, as amended (the “Code”) and the Employee Retirement Income Security Act of 1974 (“ERISA”) that have been amended by
Congress’ enactment of the Uniformed Services Employment and Reemployment Rights Act of 1994, the General Agreement on Tariffs and Trades Act of 1994, the Small Business Job Protection Act of 1996, the Taxpayer Relief Act of 1997, the Internal
Revenue Service Restructuring and Reform Act of 1998, the Community Renewal Tax Relief Act of 2000, the Economic Growth and Tax Relief Reconciliation Act of 2001, and to make other necessary changes; and 

WHEREAS, the Company again restated the Plan, effective as of May 1, 2007, to incorporate the changes reflected in the 2006
Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2007-3, which specifically lists changes to the Code and ERISA made by the Economic Growth and Tax Relief Reconciliation Act of 2001 (with technical
changes made by the Job Creation and Worker Assistance Act of 2002), the Pension Funding Equity Act of 2004, the American Jobs Creation Act of 2004, the Gulf Opportunity Zone Act of 2005, and certain changes under the Pension Protection Act of 2006;
and 
 WHEREAS, the Company now desires to amend and restate the Plan in its entirety to incorporate the changes
reflected in the 2011 Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2011-97, which specifically lists changes to the Code and ERISA made by the Pension Protection Act of 2006, the U.S. Troop
Readiness, Veterans’ Care, Katrina Recovery and Iraq Accountability Appropriations Act of 2007, the Heroes Earnings Assistance and Relief Tax Act of 2008, the Small Business Jobs Act of 2010, and the Preservation of Access to Care for Medicare
Beneficiaries and Pension Relief Act of 2010, and to satisfy benefit limitations as set forth pursuant to Section 436 of the Code, which requires funding-based limits and benefit accruals under single-employers plans, and to make other
necessary changes; and 
 NOW, THEREFORE, pursuant to the power reserved to the Company by the Company’s Board of
Directors, and pursuant to the authority delegated to the undersigned by resolutions of the Company’s Board of Directors, the Plan be and it is hereby amended and restated effective as of May 1, 2012, as follows. 

 IN WITNESS WHEREOF, the Company has caused these presents to be signed on its behalf
by its officers duly authorized, this 30 day of May, 2012. 
  

			
	KEWAUNEE SCIENTIFIC CORPORATION
		
	By:	 	 /s/ Michael Parker

	
	The Senior Vice President of Finance for the Board of Directors

  
 3 

 CERTIFICATE 
 The attached document is an accurate and complete copy of the RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES OF KEWAUNEE SCIENTIFIC CORPORATION as amended and restated effective as of May 1,
2012. 
 Dated this 30 of May, 2012. 

 

			
	KEWAUNEE SCIENTIFIC CORPORATION
		
	By:	 	 /s/ Michael Parker

	The Senior Vice President of Finance for the Board of Directors
	
	(Seal)

  
 i 

 RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES 

OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 TABLE OF CONTENTS 
  

							
	 	 	 	  	Page	 
		
	 ARTICLE I INTRODUCTION
	  	 	1	 
	 1.1
	 	 History of the Plan
	  	 	1	 
	 1.2
	 	 Plan Objectives
	  	 	1	 
		
	 ARTICLE IA SPECIAL PROVISION AND PLAN FREEZE
	  	 	2	 
		
	 ARTICLE II DEFINITIONS
	  	 	3	 
	 2.1
	 	 Accrued Benefit
	  	 	3	 
	 2.2
	 	 Actuarial (or Actuarially) Equivalent
	  	 	3	 
	 2.3
	 	 Anniversary Date
	  	 	3	 
	 2.4
	 	 Beneficiary
	  	 	3	 
	 2.5
	 	 Benefit Commencement Date
	  	 	3	 
	 2.6
	 	 Board
	  	 	3	 
	 2.7
	 	 Break in Service
	  	 	3	 
	 2.8
	 	 Childbirth Leave Hours
	  	 	4	 
	 2.9
	 	 Code
	  	 	4	 
	 2.10
	 	 Committee
	  	 	4	 
	 2.11
	 	 Company
	  	 	4	 
	 2.12
	 	 Date of Distribution
	  	 	4	 
	 2.13
	 	 Distribution Calendar Year
	  	 	5	 
	 2.14
	 	 Effective Date
	  	 	5	 
	 2.15
	 	 Employee
	  	 	5	 
	 2.16
	 	 Employer
	  	 	6	 
	 2.17
	 	 Entry Date
	  	 	6	 
	 2.18
	 	 ERISA
	  	 	6	 
	 2.19
	 	 Highly Compensated Employee
	  	 	6	 
	 2.20
	 	 Hour of Service
	  	 	7	 
	 2.21
	 	 Key Employee
	  	 	8	 
	 2.22
	 	 Key Employee Test Period
	  	 	9	 
	 2.23
	 	 Leave of Absence
	  	 	9	 
	 2.24
	 	 Non-Key Employee
	  	 	10	 
	 2.25
	 	 Normal Retirement Age
	  	 	10	 
	 2.26
	 	 Normal Retirement Date
	  	 	10	 
	 2.27
	 	 Participant
	  	 	10	 
	 2.28
	 	 Pension
	  	 	10	 
	 2.29
	 	 Plan Year
	  	 	10	 

							
	 2.30
	 	 Qualified Domestic Relations Order
	  	 	10	 
	 2.31
	 	 Related Company
	  	 	11	 
	 2.32
	 	 Retirement
	  	 	11	 
	 2.33
	 	 Retroactive Annuity Starting Date
	  	 	11	 
	 2.34
	 	 Top-Heavy Determination Date
	  	 	11	 
	 2.35
	 	 Top-Heavy Year
	  	 	11	 
	 2.36
	 	 Transfer
	  	 	13	 
	 2.37
	 	 Trust Fund
	  	 	13	 
	 2.38
	 	 Trustee
	  	 	13	 
	 2.39
	 	 Year of Service
	  	 	13	 
		
	 ARTICLE III PARTICIPATION AND VESTING
	  	 	14	 
	 3.1
	 	 Eligibility to Participate
	  	 	14	 
	 3.2
	 	 Duration of Participation
	  	 	14	 
	 3.3
	 	 Participation upon Re-Employment
	  	 	14	 
		
	 ARTICLE IV FACTORS USED IN DETERMINING PLAN BENEFITS
	  	 	15	 
	 4.1
	 	 Credited Service
	  	 	15	 
	 4.2
	 	 Vesting Service
	  	 	16	 
	 4.3
	 	 Vesting Date
	  	 	16	 
	 4.4
	 	 Break in Service
	  	 	16	 
	 4.5
	 	 Transfers
	  	 	16	 
		
	 ARTICLE V REQUIREMENTS FOR PENSIONS
	  	 	17	 
	 5.1
	 	 Normal Retirement
	  	 	17	 
	 5.2
	 	 Early Retirement
	  	 	17	 
	 5.3
	 	 Deferred Vested Pension
	  	 	17	 
	 5.4
	 	 Deferred Vested Pension in Top-Heavy Years
	  	 	17	 
	 5.5
	 	 Vesting Following Plan Amendment
	  	 	17	 
	 5.6
	 	 Freeze of Accrued Benefits
	  	 	18	 
	 5.7
	 	 Military Service
	  	 	18	 
		
	 ARTICLE VI REQUIREMENTS FOR PENSIONS
	  	 	19	 
	 6.1
	 	 Benefits Generally
	  	 	19	 
	 6.2
	 	 Normal Retirement Pension
	  	 	19	 
	 6.3
	 	 Early Retirement Pension
	  	 	20	 
	 6.4
	 	 Deferred Vested Pension
	  	 	20	 
	 6.5
	 	 Maximum Pensions
	  	 	20	 
	 6.6
	 	 Additional Restrictions
	  	 	27	 
	 6.7
	 	 Conditions Affecting Pensions
	  	 	28	 
	 6.8
	 	 Minimum Benefits in Top-Heavy Years
	  	 	28	 
	 6.9
	 	 Payment of Incorrect Pension Amount
	  	 	29	 
	 6.10
	 	 Limitations Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than 80% or if the Company is
in Bankruptcy
	  	 	29	 

  
 ii 

							
	 ARTICLE VII FORM AND PAYMENT OF PENSIONS
	  	 	37	 
	 7.1
	 	 Payment of Pensions
	  	 	37	 
	 7.2
	 	 Other Survivorship Benefits
	  	 	38	 
	 7.3
	 	 Optional Forms of Benefits
	  	 	39	 
	 7.4
	 	 Election Procedures
	  	 	39	 
	 7.5
	 	 Small Pensions
	  	 	41	 
	 7.6
	 	 Designation of Beneficiaries
	  	 	44	 
	 7.7
	 	 Benefit Commencement Date
	  	 	44	 
	 7.8
	 	 Employment after Normal Retirement Age
	  	 	44	 
	 7.9
	 	 Retroactive Annuity Starting Date
	  	 	45	 
	 7.10
	 	 Required Minimum Distributions
	  	 	47	 
		
	 ARTICLE VIII APPLICATION FOR BENEFITS, CLAIMS PROCEDURE AND GENERAL PROVISIONS
	  	 	50	 
	 8.1
	 	 Advance Written Applications Required
	  	 	50	 
	 8.2
	 	 Information Required
	  	 	50	 
	 8.3
	 	 Denial of Benefits
	  	 	50	 
	 8.4
	 	 Review Procedure
	  	 	50	 
	 8.5
	 	 Responsibility for Correctness of Address
	  	 	51	 
	 8.6
	 	 Payments for Incompetents
	  	 	51	 
	 8.7
	 	 Non-Alienation of Benefits
	  	 	51	 
		
	 ARTICLE IX ADMINISTRATIVE COMMITTEE AND PLAN ADMINISTRATOR
	  	 	53	 
	 9.1
	 	 Appointment of Committee
	  	 	53	 
	 9.2
	 	 Committee Actions
	  	 	53	 
	 9.3
	 	 Resignation or Removal of Committee Member
	  	 	53	 
	 9.4
	 	 Powers and Duties of Committee
	  	 	54	 
	 9.5
	 	 Discharge of Fiduciary Responsibilities
	  	 	55	 
	 9.6
	 	 Records Required
	  	 	55	 
	 9.7
	 	 Indemnification
	  	 	55	 
	 9.8
	 	 Liability of Committee
	  	 	55	 
	 9.9
	 	 Plan Administrator
	  	 	55	 
		
	 ARTICLE X CONTRIBUTIONS AND FUNDING
	  	 	56	 
	 10.1
	 	 General
	  	 	56	 
	 10.2
	 	 Amount of Contributions
	  	 	56	 
	 10.3
	 	 Payment of Contributions
	  	 	56	 
	 10.4
	 	 Time for Payment
	  	 	56	 
	 10.5
	 	 Forfeitures
	  	 	56	 
	 10.6
	 	 Payment of Benefits and Expenses
	  	 	56	 
	 10.7
	 	 Participant Contributions
	  	 	56	 

  
 iii

							
	 ARTICLE XI EMPLOYEE RIGHTS
	  	 	57	 
	 11.1
	 	 Benefits of Participants and Beneficiaries
	  	 	57	 
	 11.2
	 	 Protection from Reprisal
	  	 	57	 
	 11.3
	 	 Non-Guarantee of Employment
	  	 	57	 
	 11.4
	 	 Nonforfeitability of Benefits
	  	 	57	 
	 11.5
	 	 No Decrease in Benefits
	  	 	57	 
		
	 ARTICLE XII AMENDMENT AND TERMINATION
	  	 	58	 
	 12.1
	 	 Permanency
	  	 	58	 
	 12.2
	 	 Amendments
	  	 	58	 
	 12.3
	 	 Permanent Discontinuance of Contributions
	  	 	58	 
	 12.4
	 	 Termination
	  	 	59	 
	 12.5
	 	 Partial Termination
	  	 	59	 
	 12.6
	 	 Liquidation of Trust Fund
	  	 	59	 
	 12.7
	 	 Allocation Procedures
	  	 	60	 
	 12.8
	 	 Distribution Procedures
	  	 	62	 
	 12.9
	 	 Residual Amounts
	  	 	62	 
	 12.10
	 	 Merger, Consolidation or Transfer of Assets or Liabilities
	  	 	62	 
	 12.11
	 	 Freeze of Plan
	  	 	62	 
		
	 ARTICLE XIII NO REVERSION TO EMPLOYER
	  	 	63	 
	 13.1
	 	 Trust Fund Recovery
	  	 	63	 
		
	 ARTICLE XIV MULTIPLE EMPLOYERS
	  	 	64	 
		
	 ARTICLE XV MISCELLANEOUS
	  	 	65	 
	 15.1
	 	 Limitation of Liability
	  	 	65	 
	 15.2
	 	 Reference to Other Documents
	  	 	65	 
	 15.3
	 	 Governing Law
	  	 	65	 
	 15.4
	 	 Severability
	  	 	65	 
	 15.5
	 	 Litigation
	  	 	65	 
	 15.6
	 	 Conformance with Code and ERISA
	  	 	65	 
	 15.7
	 	 Adequacy of Evidence
	  	 	66	 
	 15.8
	 	 Waiver of Notice
	  	 	66	 
	 15.9
	 	 Successors
	  	 	66	 
	 15.10
	 	 Validity of Actions
	  	 	66	 

  
 iv 

 RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES 

OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 (As Amended and Restated Effective as of May 1, 2012) 
 ARTICLE I

 INTRODUCTION 
 1.1 History of the Plan. Prior to April 30, 1985, Kewaunee Scientific Corporation, a Delaware Corporation, (previously known as Kewaunee Scientific Equipment Corporation) maintained a defined
benefit pension plan for the benefit of certain of its hourly employees known as the Kewaunee Scientific Equipment Corporation Hourly Employees’ Retirement Plan (the “Prior Plan”). On April 30, 1985, Kewaunee Scientific
Corporation terminated the Prior Plan and effective May 1, 1985, adopted the Re-established Retirement Plan for Hourly Employees of Kewaunee Scientific Equipment Corporation (the “Plan”). The Plan was amended and restated effective as
of May 1, 1989, to comply with the Tax Reform Act of 1986. Effective as of May 1, 1991, the Plan was further amended and restated, and was renamed the “Re-established Retirement Plan for Hourly Employees of Kewaunee Scientific
Corporation,” and subsequently amended and restated to further comply with the Tax Reform Act of 1986, effective May 1, 1989. The Plan was later amended and, effective as of May 1, 2001, amended and restated in its entirety to
incorporate certain desired design changes and changes to the applicable provisions of the Internal Revenue Code or 1986, as amended (the “Code”) and the Employee Retirement Income Security Act of 1974 (“ERISA”). The Plan was
again amended and, effective as of May 1, 2007, amended and restated to incorporate the applicable changes reflected in the 2006 Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2007-3, which
specifically lists changes to the Code and ERISA made by the Economic Growth and Tax Relief Reconciliation Act of 2001 (with technical changes made by the Job Creation and Worker Assistance Act of 2002), the Pension Funding Equity Act of 2004, the
American Jobs Creation Act of 2004, the Gulf Opportunity Zone Act of 2005, and certain changes under the Pension Protection Act of 2006. The Plan was subsequently amended and, effective as of May 1, 2012, is hereby amended and restated in its
entirety to incorporate to incorporate the changes reflected in the 2011 Cumulative List of Changes in Plan Qualification, as set forth in Internal Revenue Service Notice 2011-97, which specifically lists changes to the Code and ERISA made by the
Pension Protection Act of 2006, the U.S. Troop Readiness, Veterans’ Care, Katrina Recovery, and Iraq Accountability Appropriations Act of 2007, the Heroes Earnings Assistance and Relief Tax Act of 2008, the Small Business Jobs Act of 2010, and
the Preservation of Access to Care for Medicare Beneficiaries and Pension Relief Act of 2010, and to satisfy benefit limitations as set forth pursuant to Section 436 of the Code, which requires funding-based limits and benefit accruals under
single-employers plans, and to make other necessary changes. 
 1.2 Plan Objectives. The Plan is maintained by Kewaunee
Scientific Corporation to provide retirement benefits for the employees of the Employer who were participants under the Prior Plan and certain other hourly employees of the Employer and any other organization which may adopt the Plan and is intended
to be a defined benefit pension plan as such term is defined in Treasury Regulation Section 1.401-1(b). 

 ARTICLE IA 
 SPECIAL PROVISION AND PLAN FREEZE 
 Effective as of April 30,
2005, the Plan is frozen. The existence of the Plan and Trust subsequent to April 30, 2005 will be solely for the purpose of continuing to hold and invest the assets of the Plan until such amounts are distributed to Participants and
Beneficiaries pursuant to the terms and conditions of the Plan. Effective as of April 30, 2005, all benefits accrued to date pursuant to Articles V and VI of the Plan shall be frozen and each Participant’s Accrued Benefit shall become
100% vested. No Employees or other persons shall become Participants in the Plan on or after April 30, 2005. This Article IA shall apply as of April 30, 2005. To the extent of any conflict with existing provisions of the Plan, this
Article IA shall supersede such provisions. 

  
 2 

 ARTICLE II 
 DEFINITIONS 
 When used herein, the following words and terms shall
have the respective meanings hereinafter set forth, unless a different meaning is clearly required by the context. Whenever appropriate, words used in the singular shall be deemed to include the plural, and vice versa, and the masculine gender shall
be deemed to include the feminine gender, and vice versa, unless a different meaning is clearly required by the context. 
 2.1
Accrued Benefit. The monthly amount payable to a Participant at his Normal Retirement Age as determined in accordance with the provisions of Section 6.2, considering the Participant’s Years of Credited Service at the Benefit
Commencement Date. 
 2.2 Actuarial (or Actuarially) Equivalent. Equality in present value in the aggregate amounts
expected to be received under different forms of payment, based on actuarial assumptions selected, from time to time, by an actuary. The actuarial assumptions used in the Plan are set forth in Exhibit A attached hereto and made a part hereof.
In the event that the actuarial assumptions set forth in Exhibit A shall be changed, the Actuarial Equivalent of a Participant’s Accrued Benefit on or after the date of such amendment shall be equal to the greater of (a) the Actuarial
Equivalent of his Accrued Benefit as of such date computed on the basis of the prior actuarial assumptions or (b) the Actuarial Equivalent of his Accrued Benefit as of the date of the Participant’s Retirement computed on the basis of the
new actuarial assumptions. Effective as of January 1, 1997, for purposes of determining the Actuarial Equivalent of lump sum distributions the rules of Section 7.5(c) shall govern and control. 

2.3 Anniversary Date. The last day of each Plan Year. 
 2.4 Beneficiary. Any person (natural or otherwise) entitled to receive any benefits which may become payable upon or after a Participant’s death. 

2.5 Benefit Commencement Date. The first date for which a Participant’s benefit is paid even if payment does not actually
commence on such date, as determined in accordance with the provisions of Section 7.8. 
 2.6 Board. The Board of
Directors of the Company. 
 2.7 Break in Service. 

(a) Except as otherwise provided under paragraphs (b) and (c), a period of one or more consecutive Plan Years during which an
Employee has not completed more than 500 Hours of Service with the Company and all Related Companies. An Employee shall not incur a Break in Service solely because he fails to complete more than 500 Hours of Service with the Company and all Related
Companies during the 12-month computation period beginning on his employment commencement date. 
 (b) Notwithstanding the
provisions of paragraph (a), a Plan Year shall not be included in a Break in Service if the sum of the Employee’s Hours of Service completed during such Plan Year plus the Employee’s Childbirth Leave Hours (as defined in
Section 2.8) attributable to such Plan Year exceeds 500. 
 (c) Notwithstanding the provisions of paragraph (a),
effective December 12, 1994, a Plan Year shall not be included in a Break in Service if the Employee would have completed at least 500 Hours of Service but for a Leave of Absence resulting from required service in the armed forces of the United
States, or a Leave of Absence to which the Employee is entitled under the Family and Medical Leave Act of 1993, provided that such Employee returns to the Company within the period of time required for his re-employment rights to be protected by
applicable law. 

  
 3 

 2.8 Childbirth Leave Hours. 

(a) An Employee’s Childbirth Leave Hours shall be the number of Hours of Service (but not in excess of 501 for any one continuous
period of absence) which the Employee would have completed but for the fact that the Employee is absent from the employment of the Employer, the Company, and all Related Companies: (i) by reason of the pregnancy of the Employee, (ii) by
reason of the birth of a child of the Employee, (iii) by reason of the placement of a child with the Employee in connection with the adoption of such child by the Employee, or (iv) for purposes of caring for such child for a period
beginning immediately following such birth or placement; provided, however, that an hour which is considered an Hour of Service shall not also be considered a Childbirth Leave Hour. 

(b) All Childbirth Leave Hours for any period of absence shall be attributed to the Plan Year during which such period of absence begins
if the result of such attribution is to prevent such Plan Year from being considered a Break in Service; otherwise, all Childbirth Leave Hours shall be attributed to the immediately following Plan Year. 

(c) The Committee shall adopt regulations under which an Employee may be required to furnish reasonable information on a timely basis
establishing the number of Childbirth Leave Hours to which such Employee is entitled with respect to any period of absence from employment, and any Employee who fails to furnish such information with respect to any period of absence shall not be
credited with any Childbirth Leave Hours for such period of absence. 
 2.9 Code. The Internal Revenue Code of 1986, as
now in effect or as hereafter amended, and any regulation issued pursuant thereto by the Internal Revenue Service. 
 2.10
Committee. The Committee appointed by the Employer pursuant to the provisions of Article IX to administer the Plan. 

2.11 Company. Kewaunee Scientific Corporation, a Delaware corporation, and its successors. 

2.12 Date of Distribution. The date the Participant’s benefit under Section 7.9 of the Plan commences based upon the
Participant’s (with his spouse’s consent, if applicable) election of a Retroactive Annuity Starting Date. 

  
 4 

 2.13 Distribution Calendar Year. A calendar year for which a minimum distribution is
required. For distributions beginning before the Participant’s death, the first Distribution Calendar Year is the calendar year immediately preceding the calendar year which contains the Participant’s required beginning date (within the
meaning of Section 7.7(c)). For distributions beginning after the Participant’s death, the first Distribution Calendar Year is the calendar year in which distributions are required to begin pursuant to Section 7.7(c). 

2.14 Effective Date. The Effective Date of the provisions of this amendment and restatement of the Plan is May 1, 2012,
except as otherwise expressly set forth herein. 
 2.15 Employee. Any person employed by an Employer, the Company or any
Related Company as a common law employee in the form of hourly wages, but excluding any person performing independent professional or consulting services for the Employer, and excluding any person who is or who becomes a member of a labor union
which is a party to a collective bargaining agreement with the Employer if retirement benefits were the subject of good faith bargaining between representatives of such union and the Employer. The term “Employee” shall also include any
person (a “Leased Employee”) who performs services on a substantially full-time basis under the primary direction and control of the Employer (prior to May 1, 1997, the preceding phrase is replaced by “such services are of a type
historically performed in the business field of the recipient, by Employees”) the Company or any Related Company pursuant to an agreement between the Employer, the Company or such Related Company and any third person (the “Leasing
Organization”), unless: 
 (a) the Leased Employee is covered by a money purchase pension plan maintained by the Leasing
Organization and providing for contributions equal to at least 10% of the Leased Employee’s compensation (without regard to integration with Social Security) providing for full and immediate vesting of all such contributions and, providing that
each employee of the Leasing Organization (other than employees who perform substantially all of their services for the Leasing Organization) immediately participate in such plan (other than employees whose compensation from the Leasing Organization
for each of the plan years in the four plan year period ending with the plan year under determination is less than $1,000); and 

(b) persons who would be Leased Employees but for this sentence do not comprise more than 20% of the number of Employees (excluding
Leased Employees) who have performed services for the Employer, the Company or a Related Company on a substantially full-time basis for at least one year and persons who would be Leased Employees but for this sentence, excluding in each case any
Highly Compensated Employee. 
 For purposes of Article III, a Leased Employee shall not be considered to be an Employee until he has
provided such services to the Employer, the Company or a Related Company for at least one year, but thereafter the Leased Employee’s Years of Service shall be determined on the basis of the entire period that the Leased Employee has performed
services for any such persons. Solely for purposes of the definition of Leased Employee, the term “Related Company” should also include any person related to the Employer, the Company or a Related Company within the meaning of
Section 144(a)(3) of the Code. 

  
 5 

 2.16 Employer. The term “Employer” shall include the Company and any
Related Company that adopts the Plan for the exclusive benefit of its eligible employees. Anything to the contrary notwithstanding, a mere change in the identity, form or organization of an Employer shall not affect its status under the Plan in any
manner and, if the corporate name of an Employer is hereafter changed, all references herein to the Employer shall be deemed to refer to the Employer as it is then known. Provided, however, an Employer other than the Company that ceases to be a
Related Company shall not be eligible to continue as a participating Employer without the express written consent of the Company. 
 2.17 Entry Date. The first day of May and the first day of November of each Plan Year. 
 2.18 ERISA. The Employee Retirement Income Security Act of 1974, as now in effect or as hereafter amended, and any regulation issued pursuant thereto by the Internal Revenue Service, the Department
of Labor or the Pension Benefit Guaranty Corporation. 
 2.19 Highly Compensated Employee. 

(a) Except as otherwise provided in this Section, effective May 1, 1997, an Employee shall be considered a Highly Compensated
Employee for any Plan Year if such Employee either: 
  

	 	(i)	at any time during the Plan Year or the immediately preceding Plan Year owned more than five percent, by voting power or value, of the outstanding stock of an Employer
or Related Employer that is a corporation, or owned more than five percent of the capital or profits interest in an Employer or Related Employer that is not a corporation; or 

 

	 	(ii)	in the immediately preceding Plan Year received Compensation in excess of $90,000, as adjusted pursuant to Section 414(q)(1) of the Code for the preceding Plan
Year, disregarding whether the Employee was a member for such preceding Plan Year of the highest-paid group described in paragraph (b). 

 In determining whether an Employee is a Highly Compensated Employee for the Plan Year beginning May 1, 1997, the rules stated above are treated as having been in effect for the Plan Year beginning in
1996. 
 (b) For any Plan Year, the highest-paid group described in this paragraph (b) shall consist
of the group consisting of the top 20% of Employees when ranked on the basis of compensation paid during such Plan Year. For purposes of this paragraph (b), there shall be excluded Employees who have not completed six months of service,
Employees who normally work less than
17 1/2 Hours of Service per week, Employees who normally work during not more than six months during any Plan Year, Employees who have not attained age 21, and Employees covered by a collective bargaining
agreement if such Employees constitute 90% or more of the total number of Employees. 

  
 6 

 (c) A former Employee shall be treated as a Highly Compensated Employee if he was a Highly
Compensated Employee (based on the definition in effect at such time) either when his employment was terminated or at any time after attaining age 55 in accordance with Treasury Regulations Section 1.414(q)-1T, A-4 and Notice 97-45.

 (d) A nonresident alien who receives no earned income (within the meaning of Section 911(d)(2) of the Code) which
constitutes income from sources within the United States (within the meaning of Section 861(a)(3) of the Code) from an Employer or Related Company during any Plan Year shall not be considered an Employee for such Plan Year for any purpose of
this Section. 
 (e) The purpose of this Section is to conform to the definition of “highly compensated employee” set
forth in Section 414(q) of the Code, as now in effect or as hereafter amended, which is incorporated herein by reference, and to the extent that this Section shall be inconsistent with Section 414(q) of the Code, either by excluding
Employees who would be classified as “highly compensated employees” thereunder or by including Employees who would not be so classified, the provisions of Section 414(q) of the Code shall govern and control. The Committee may make or
revoke any elective adjustment to the definition of Highly Compensated Employee permitted by Section 414(q) of the Code or any regulations, revenue procedures, or other guidance issued thereunder and may elect to utilize the simplified method
described in Revenue Procedure 93-42 as modified by Revenue Procedure 95-34 (with or without “snapshot day” testing), or any successor thereto. 
 2.20 Hour of Service. 
 (a) Each Employee shall be credited with an Hour of
Service for: 
  

	 	(i)	Each hour for which he is directly or indirectly paid or entitled to payment by the Employer or the Company for the performance of duties. These hours shall be credited
to the Employee for the computation period (or periods) during which the duties are performed. 

  

	 	(ii)	Each hour (up to a maximum of 501 hours in any one continuous period) for which he is directly or indirectly paid or entitled to payment by the Employer, the Company or
any Related Company on account of a period during which no duties are performed, such as vacation, sickness, jury duty, or layoff. These hours shall be credited to the Employee for the computation period (or periods) during which payment is made or
amounts payable to the Employee become due. For purposes of this paragraph (a)(ii), payment made to an Employee under an insurance policy or trust fund to which an employer contributes shall be deemed to have been paid by such employer, but no
Hours of Service shall be credited for periods during which an Employee receives payments under a plan maintained solely for the purpose of complying with an applicable worker’s compensation, unemployment compensation or disability insurance
law, or payments which solely reimburse the Employee for medical or medically related expenses. 

  

	 	(iii)	Each hour for which back pay, irrespective of mitigation of damages, has been awarded or agreed to by the Employer, the Company or any Related Company. These hours
shall be credited to the Employee for the computation period (or periods) to which the award, agreement or payment pertains rather than the computation period (or periods) to which the award, agreement or payment was made. 

  
 7 

 (b) Solely for purposes of determining whether (i) an individual has completed a Year
of Service under Section 3.1(b)(1) and is eligible to participate in the Plan, (ii) an individual has experienced a Break in Service as defined in Section 2.7, or (iii) has five years of Vesting Service and a nonforfeitable right
to his Accrued Benefit in accordance with Section 4.2, an Employee shall be credited with an Hour of Service for each hour of service performed for a Related Company which is not an Employer. 

(c) Any questions concerning the determination or crediting of Hours of Service shall be resolved in accordance with the Department of
Labor Regulations Section 2530.200b-2(b) and (c), which is incorporated herein by this reference. 
 2.21 Key
Employee. 
 (a) Except as otherwise provided in this Section, an Employee shall be considered a Key Employee for any Plan
Year if, at any time during the Plan Year which contains the Top-Heavy Determination Date, he: 
  

	 	(i)	is an officer of any Employer or Related Employer whose annual compensation exceeds $130,000 (as adjusted under Section 416(i)(1)(A) of the Code); or

  

	 	(ii)	owns more than 5% of the stock of an Employer or Related Employer; or 

  

	 	(iii)	owns more than 1% of the stock of an Employer or Related Employer and receives compensation for any Plan Year in which he owns such percentage in excess of $150,000
(determined in accordance with Section 416(i)(1)(B) of the Code). 

 (b) For Plan Years beginning prior to
January 1, 2002, an Employee shall be considered a Key Employee for any Plan Year if, at any time during the Plan Year which contains the Top-Heavy Determination Date, or any of the preceding four Plan Years, he: 

 

	 	(i)	is an officer of any Employer or Related Employer whose Compensation exceeds 50% of the annual dollar limitation set forth in Section 415(b)(1)(A) of the Code;
provided, however, the number of Employees classified as Key Employees solely because they are officers shall not exceed the greater of (i) three or (ii) 10% of the largest number of Employees during any of the Years in the Key Employee
Test Period; provided, however, that in no event shall such number exceed 50; or 

  
 8 

	 	(ii)	 owns at least  1/2% of the outstanding stock of an Employer or Related Employer and receives compensation in excess of the
annual defined contribution dollar limitation set forth in Section 415(c)(1)(A) of the Code (“Section 415 Compensation”), unless at least ten other Employees whose Section 415 Compensation exceeds the annual defined
contribution dollar limitation set forth in Section 415(c)(1)(A) of the Code own during any Plan Year in the Key Employee Test Period a percentage share of the stock of the Employer or Affiliate which is greater than such Employee’s
percentage share (and if applicable, as determined pursuant to the rules under Section 416(i)(1) of the Code relating to the determination of the largest shareholder); or 

 

	 	(iii)	owns more than 5% of the stock of an Employer or Related Employer (with ownership determined in accordance with Section 416(i)(B)(i) of the Code); or

  

	 	(iv)	owns more than 1% of the stock of an Employer or Related Employer and receives Section 415 Compensation for any Plan Year in which he owns such percentage in
excess of $150,000 (with ownership determined in accordance with Section 416(i)(B)(ii) of the Code). 

 (c)
The purpose of this Section is to conform to the definition of “key employee” set forth in Section 416(i)(1) of the Code before and after January 1, 2002, which is incorporated herein by reference, and to the extent that this
Section shall be inconsistent with Section 416(i)(1) of the Code, either by excluding Employees who would be classified as “key employees” thereunder or by including Employees who would not be so classified, the provisions of
Section 416(i)(1) of the Code shall govern and control. 
 2.22 Key Employee Test Period. Except as otherwise
provided in this Section, the Key Employee Test Period will be the Plan Year for which such determination is being made. For Plan Years beginning prior to January 1, 2002, the Key Employee Test Period is the period of five Plan Years ending
with the last day of the Plan Year for which the determination as to whether an Employee is a Key Employee is being made, or, if shorter, the total period for which the Plan and all predecessor plans have been in existence. For Plan Years beginning
after December 31, 2001, the Key Employee Test Period includes the period of five Plan Years ending with the last day of the Plan Year for which such determination is being made in the case of a distribution made for a reason other than
severance from employment, death or disability. 
 2.23 Leave of Absence. Authorized leave of absence, sick or disability
leave, effective December 12, 1994, service in the Armed Forces of the United States (provided that the absence is caused by war or other emergency or provided that the Employee is required to serve under the laws of conscription in time of
peace) or any absence with the advance approval of the Employer, the Company or any Related Company; provided, however, that the Employee retires or returns to work for the Employer, the Company or any Related Company within the time specified in
his Leave of Absence (or, in the case of a military absence, within the period provided by law). In granting such leaves, the Employer, the Company and any Related Company shall treat all Employees under similar circumstances alike under rules
uniformly and consistently applied. 

  
 9 

 2.24 Non-Key Employee. Any Employee who has not been a Key Employee during the Key
Employee Test Period. 
 2.25 Normal Retirement Age. The 65th birthday of a Participant. 

2.26 Normal Retirement Date. The first day of the month coincident with or immediately following the Participant’s Normal
Retirement Age. 
 2.27 Participant. An Employee who participates in the Plan as provided in Article III.

 2.28 Pension. A series of monthly amounts which are payable to a person who is entitled to receive benefits under the
Plan. 
 2.29 Plan Year. The 12-month period commencing on May 1 and ending on April 30, on the basis of which
Plan records are kept. The limitation year for purposes of Section 415 of the Code shall be the Plan Year. 
 2.30
Qualified Domestic Relations Order. 
 (a) Except as provided in paragraph (b), any order (including a judgment, a
decree or an approval of a property settlement agreement entered by any court) which the Committee determines (i) is made pursuant to any state domestic relations law (including a community property law), (ii) relates to the provision of
child support, alimony payments or marital property rights of a spouse, former spouse, child or other dependent of a Participant or other person deemed financially dependent on a Participant (an “Alternate Payee”), (iii) creates or
recognizes the existence of an Alternate Payee’s right, or assigns to an Alternate Payee the right, to receive all or a portion of the benefits payable to a Participant under the Plan, and (iv) clearly specifies (A) the name and last
known mailing address of the Participant and the name and last known mailing address of the Alternate Payee covered by the order, (B) the amount or percentage of the Participant’s benefits to be paid by the Plan to each Alternate Payee, or
the manner in which such amount or percentage is to be determined, (C) the number of payments or period to which such order applies, and (D) the employee benefit plan to which such order applies. An order that otherwise satisfies the
foregoing requirements will not fail to be a Qualified Domestic Relations Order solely because the order is issued after or revises another order or Qualified Domestic Relations Order, or because of the time when the order is issued, including after
the Participant’s annuity starting date or death. 
 (b) An order shall in no event be considered a Qualified Domestic
Relations Order if the Committee determines that such order (i) requires the Plan to provide benefits to Alternate Payees, the actuarial present value of which in the aggregate is greater than the benefits which would otherwise have been
provided to the Participant, (ii) requires the Plan to pay benefits to an Alternate Payee, which benefits are required to be paid to a different Alternate Payee under another order previously determined to be a Qualified Domestic Relations
Order, or (iii) requires the Plan to provide any type or form of benefit, or any option, not otherwise provided under the Plan, except that a Qualified Domestic Relations Order may require the 

  
 10 

 
Trustee to distribute a portion of the Participant’s vested Accrued Benefit prior to the time the Participant has terminated his employment if the Participant is eligible to retire and begin
receiving a Pension under any of the provisions of Article V. 
 2.31 Related Company. Any trade or business
(whether or not incorporated) that is, along with the Company, a member of a controlled group of related entities (as defined in Sections 414(b) and (c) of the Code, as modified for purposes of Sections 6.5 by Section 415(h) of
the Code) or a member of an affiliated service group (as defined in Section 414(m) of the Code), or that is otherwise required to be aggregated with the Company by Treasury Regulations issued under Section 414(o) of the Code. Anything to
the contrary notwithstanding, a mere change in the identity, form or organization of a Related Company shall not affect its status under the Plan in any manner and, if the corporate name of a Related Company is hereafter changed, all references
herein to such Related Company shall be deemed to refer to such Related Company as it is then known. 
 2.32 Retirement.
Termination of employment for a reason other than death after a Participant has satisfied the requirements for a Pension set forth in Article V. Retirement shall be considered as commencing on the day immediately following a Participant’s
last day of employment (or the last day of a Leave of Absence, if later). 
 2.33 Retroactive Annuity Starting Date. A
benefit commencement date (which constitutes the annuity starting date within the meaning of Section 417(f) of the Code) affirmatively elected by a Participant that occurs on or before the date on which the Plan provides the written explanation
of the Qualified Joint and Survivor Pension to the Participant pursuant to Section 7.4, in accordance with Section 417(a)(3) of the Code. 
 2.34 Top-Heavy Determination Date. The Anniversary Date of the immediately preceding Plan Year. 
 2.35 Top-Heavy Year. 
 (a) Except as otherwise provided below, a Top-Heavy
Year shall be any Plan Year if, as of the Top-Heavy Determination Date for such Plan Year, the present value of the cumulative Accrued Benefits of all Key Employees under the Plan exceeds 60% of the present value of the cumulative Accrued Benefits
of all Participants under the Plan. 
 (b) Notwithstanding paragraph (a), if as of any Top-Heavy Determination Date the
Employer, the Company or any Related Company has adopted any other employee plan qualified under Section 401(a) of the Code and either (i) a Key Employee participates in the Plan and such other plan during the Plan Year containing the
Top-Heavy Determination Date or any of the four preceding Plan Years, or (ii) the Plan or such other plan has satisfied the requirements of either Section 401(a)(4) or Section 410 of the Code only by treating the Plan and such other
plan as a single plan, then the Plan Year shall be considered a Top-Heavy Year if and only if the present value of the cumulative Accrued Benefits of all Key Employees under the Plan and the present value of the cumulative benefits accrued by all
Key Employees under all such other plans exceeds 60% of the present value of the cumulative benefits accrued by all Participants under the Plan and all such other plans. 

  
 11 

 (c) Notwithstanding paragraphs (a) and (b), if as of any Top-Heavy Determination Date
the Employer, the Company or any Related Company has adopted any other employee plan qualified under Section 401(a) of the Code which is not a plan described in paragraph (b), but which plan may be considered as a single plan with the Plan and
all plans described in paragraph (b) without causing any of such plans to violate the requirements of either Section 401(a)(4) or Section 410 of the Code, the Plan Year shall not be considered a Top-Heavy Year if the present value of
the cumulative Accrued Benefits of all Key Employees under the Plan and the present value of the cumulative benefits accrued by all Key Employees under all plans described in paragraph (b) and all plans described in this paragraph (c) does
not exceed 60% of the present value of the cumulative benefits accrued by all Participants under all such plans. 
 (d) If any
of the plans described in either paragraph (b) or (c) are defined contribution plans (as defined in Section 414(i) of the Code), then the tests set forth in said paragraphs shall be applied by substituting the aggregate account
balances under such plans for the present value of the cumulative benefits accrued under such plans. If any of such plans have a determination date (as defined in Section 416(g)(4)(C) of the Code) for purposes of determining top-heavy status
which is different from the Top-Heavy Determination Date, the present value of the cumulative benefits accrued (or the aggregate account balances, in the case of a defined contribution plan) in such plan shall be determined as of the determination
date for such plan which occurs in the same Plan Year as the Top-Heavy Determination Date. 
 (e) For purposes of this Section,
the present value of a Participant’s Accrued Benefit shall be determined as of the Top-Heavy Determination Date, on the assumption that the Participant terminated his employment as of such date, and the present value shall be based upon the
actuarial assumptions used ‘in the actuarial valuation made as of the Top-Heavy Determination Date, but the actuarial assumptions shall not exceed those prescribed by the Pension Benefit Guaranty Corporation. Such assumptions shall be used for
all plans being aggregated for Top-Heavy determinations. The present value of a Participant’s Accrued Benefit shall also include the actuarial present value as of the Top-Heavy Determination Date of all distributions made to such Participant
(or his Beneficiary) during the Key Employee Test Period. 
 (f) For purposes of this Section, account balances shall include
(i) all contributions which the Employer the Company or any Related Company has paid or is legally obligated to pay to any employee plan as of the Top-Heavy Determination Date (including contributions made thereafter if they are allocated as of
the Top-Heavy Determination Date) and all forfeitures allocated as of the Top-Heavy Determination Date, and (ii) all distributions made to a Participant or his Beneficiary during the Key Employee Test Period (or, in the case of a defined
benefit plan, the actuarial equivalent as of the Top-Heavy Determination Date of such distributions). For purposes of this Section, account balances shall also include amounts which are attributable to contributions made by the Participants (other
than deductible voluntary contributions under Section 219 of the Code) but shall not include any rollover (as defined in Section 402(a)(5) of the Code) or a direct transfer from the trust of any employee plan qualified under
Section 401(a) of the Code if such plan is not maintained by the Employer, the Company or any Related Company and such rollover or transfer is made at the request of the Participant. 

  
 12 

 (g) Anything to the contrary notwithstanding, if a Participant or former Participant has not
been an Employee at any time during the Key Employee Test Period, his accrued benefit (in the case of a defined benefit plan) or his account balance (in the case of a defined contribution plan) shall not be taken into consideration in the
determination of whether the Plan Year is a Top-Heavy Year. 
 (h) The purpose of this Section is to conform to the definition
of “top-heavy plan” set forth in Section 416(g) of the Code, which is incorporated herein by reference, and to the extent that this Section shall be inconsistent with Section 416(g) of the Code, either by causing any Plan Year
during which the Plan would be classified as a “top-heavy plan” not to be a Top-Heavy Year or by causing any Plan Year during which it would not be classified as a “top-heavy plan” to be a Top-Heavy Year, the provisions of
Section 416(g) of the Code shall govern and control. 
 2.36 Transfer. An Employee’s transfer of employment
between the Employer, the Company and any Related Company, or an Employee’s transfer between an employment position covered by the Plan and an employment position not covered by the Plan, without a Break in Service. 

2.37 Trust Fund. All assets of the Plan held by the Trustee from time to time in accordance with the provisions of the Trust
Agreement established under the Plan, as the same is amended from time to time. 
 2.38 Trustee. The individuals or
corporation which shall from time to time be appointed by the Employer to administer the Trust Fund. 
 2.39 Year of
Service. Any 12-month computation period (as defined below) during which an Employee (i) has attained age 18, and (ii) has completed an aggregate of at least 1,000 Hours of Service with the Employer, the Company or any Related
Company. The initial 12-month computation period shall begin on the Employee’s employment or re-employment commencement date. If the Employee fails to complete an aggregate of at least 1,000 Hours of Service with the Employer, the Company or
any Related Company during the initial 12-month computation period, the second 12-month computation period shall consist of the Plan Year which includes the first anniversary of the Employee’s employment or re-employment commencement date, and
succeeding 12-month computation periods shall also be based on the Plan Year. As of and after April 30, 2005, no Employee or Participant shall earn additional Years of Service under the Plan notwithstanding their continued employment with the
Employer. 

  
 13 

 ARTICLE III 
 PARTICIPATION AND VESTING 
 3.1 Eligibility to Participate.

 (a) Each Employee who is a Participant in the Plan immediately preceding the Effective Date shall continue to be a
Participant in the Plan under the terms specified herein. 
 (b) Each other Employee who as of the Effective Date has attained
age 21 and completed at least one Year of Service but who is not already a Participant in the Plan shall participate as of the Effective Date. 
 (c) Each other Employee (other than Leased Employees) shall be eligible to participate in the Plan, upon the Entry Date coincident with or next following the date that the Employee has satisfied the
following requirements: 
  

	 	(i)	the Employee has attained age 21 and completed at least one Year of Service; and 

 

	 	(ii)	the Employee is an hourly employee of an Employer and is in a classification of employees to whom the Plan has been extended by that Employer. 

(d) Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, no Employee or any other person shall
become a Participant in the Plan. 
 3.2 Duration of Participation. An Employee shall remain a Participant until such
time as he incurs a Break in Service consisting of one Plan Year, at which time his participation in the Plan shall cease, unless he has met the requirements for a Pension as set forth in Article V at such time. 

3.3 Participation upon Re-Employment. 
 (a) Upon reemployment by an Employer, a former Employee who had attained his Vesting Date, in accordance with Section 4.3 below, shall resume participation in the Plan on the date he or she is
credited with one Hour of Service. Upon the completion of one Year of Service following his reemployment, all Years of Service and Credited Service earned prior to the Break in Service shall be taken into account and aggregated with any Years of
Service and Credited Service earned subsequent to the reemployment. 
 (b) Except as provided in Section 4.4 below, a
Participant who incurred a Break in Service and who is subsequently reemployed shall, upon his or her completion of one Year of Service from the date of reemployment, have his or her Credited Service earned prior to the Break in Service restored and
considered with all Credited Service earned after the date of reemployment, including the year immediately following the date of reemployment, in determining his or her benefit. 

(c) Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, no Employee or any other person shall
become a Participant in the Plan upon the recommencement of their employment with the Employer or for any other reason. 

  
 14 

 ARTICLE IV 
 FACTORS USED IN DETERMINING PLAN BENEFITS 
 4.1 Credited
Service. For purposes of calculating the amount of a Participant’s or beneficiary’s Plan benefits, a Participant’s “Credited Service” means the total of the Participant’s Years of Service computed in accordance with
the following rules except to the extent provided otherwise in a supplement to the Plan: 
 (a) Years of Credited
Service. An Employee will be granted a Year of Credited Service for each calendar year in which he is a Participant and credited with at least at least 1,700 Hours of Service. If during any calendar year a Participant is credited with fewer
than 1,700 Hours of Service, a proportionate credit shall be given to the nearest 1/10 of a year. An Employee who is hired in an eligible class of Employees and becomes a Participant after completing one Year of Service under
Section 3.1(c)(1) shall also receive a Year of Credited Service (or proportionate credit) for the calendar year in which he is hired, provided that he completes at least 1,000 Hours of Service in such calendar year. 

(b) Recognition of Other Prior Service. A Participant will be granted a Year of Credited Service for each Year of Credited Service
the Participant earned under the Plan prior to the Effective Date. From time to time the Employer may also grant recognition of prior service not otherwise considered as Credited Service hereunder in connection with the extension of the Plan to a
new covered group or the addition of a new group of employees to an existing covered group in connection with corporate acquisitions, reorganizations or other circumstances which the Employer determines, in a non-discriminatory manner. 

(c) Periods of Absence. A Participant shall not receive Credited Service for the period from his date of employment termination
until his date of reemployment. A period of Leave of Absence will not be deemed a termination of employment for purposes of this Section. However, Credited Service will not be granted for leave of absence periods, except for medical leaves of
absence or as required by law. 
 (d) Concurrent Employment. Concurrent periods of employment with two or more Employers
shall be considered only once in determining Credited Service. 
 (e) Non-Participating Employer. A period of service
with an entity prior to the date the entity becomes an Employer under the Plan or a predecessor plan shall be disregarded in determining a Participant’s Credited Service unless otherwise specifically provided for herein. 

(f) Non-Covered Employment. A period of service with an Employer during which the Participant is not a member of a covered group
of Employees for purposes of Section 3.1 above shall be disregarded in determining a Participant’s Credited Service. 

(g) Freeze of Credited Service. Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005,
each Employee’s and each Participant’s Years of Credited Service under the Plan shall be frozen at the number of their Years of Credited Service earned as of April 30, 2005. As of and after April 30, 2005, no Employee or
Participant shall earn additional Years of Credited Service under the Plan notwithstanding their continued employment with the Employer. 

  
 15 

 4.2 Vesting Service. For purposes of determining a Participant or Beneficiary’s
eligibility for Plan benefits, a participant’s “vesting service” means the total of the Participant’s Years of Service. 
 4.3 Vesting Date. The “vesting date” for a Participant shall be the date the Participant has accrued five Years of Service. Effective as of April 30, 2005, each Participant hereunder
shall be deemed to have met their Vesting Date, notwithstanding the Participant’s actual number of Years of Service. 
 4.4
Break in Service. A Participant’s entire period of Credited Service (as determined under Section 4.1) shall be taken into consideration under the Plan, except that: 

(a) A Participant who incurs a Break in Service prior to his Vesting Date shall have his Credited Service before such Break in Service
disregarded until he has completed one Year of Service following his re-employment by the Employer, the Company or any Related Company, at which time his Credited Service before such Break shall be restored, retroactive to his date of re-employment.

 (b) A Participant who incurs a Break in Service prior to his Vesting Date shall have his period of Credited Service before
such Break disregarded if the number of years in such Break in Service equals or exceeds five. Notwithstanding the foregoing, any Participant who experiences a Break in Service not in excess of five years shall have all of his Credited Service
earned prior to April 30, 2005 taken into consideration under the Plan. No Participant shall earn Credited Service under the Plan on and after April 30, 2005. 
 (c) A Participant who terminates his employment and is re-employed prior to incurring a Break in Service shall be treated, for purposes of participation in the Plan, as though he never terminated his
employment. Notwithstanding the foregoing, as of and after April 30, 2005, no Participant shall earn additional Years of Credited Service under the Plan notwithstanding their continued employment with the Employer. 

4.5 Transfers. A Transfer shall not affect the continuity of a Participant’s Years of Service for purposes of his eligibility
for benefits under the Plan. However, in the event of a Transfer, the amount of the benefit payable to a Participant under the Plan shall be computed as follows: 
 (a) If a Participant is transferred to an employment position which would not make him eligible for benefits under the Plan, he shall have his Accrued Benefit under the Plan based solely on his Years of
Credited Service prior to the date of Transfer. 
 (b) If an Employee is transferred to an employment position which would make
him eligible to participate in the Plan, he shall have his Accrued Benefit under the Plan be based solely on his years of Credited Service from and after the date of Transfer. 

  
 16 

 ARTICLE V 
 REQUIREMENTS FOR PENSIONS 
 5.1 Normal Retirement. A
Participant shall be eligible for a Normal Retirement Pension if his employment is terminated on or after his Normal Retirement Age. Payment of a Normal Retirement Pension shall commence as of the first day of the month coincident with or
immediately following the Participant’s Retirement. A Participant’s right to his Normal Retirement Pension shall be nonforfeitable on attainment of his Normal Retirement Age. 

5.2 Early Retirement. A Participant shall be eligible for an Early Retirement Pension if his employment is
terminated on or after his 55th birthday and after he has
completed at least five years of Credited Service. Payment of an Early Retirement Pension shall commence as of the Participant’s Normal Retirement Date. However, if a Participant requests the Committee to authorize the commencement of his Early
Retirement Pension as of the first day of the month coincident with or immediately following his Retirement, or as of the first day of any subsequent month which precedes his Normal Retirement Date, his Pension shall commence as of the first day of
the month so requested, but the amount thereof shall be reduced as provided in Section 6.3. 
 5.3 Deferred Vested
Pension. A Participant shall be eligible for a Deferred Vested Pension if his employment is terminated for any reason before his death after the Participant’s Vesting Date but prior to his Early Retirement eligibility in accordance with
Section 5.2. Payment of a Participant’s Deferred Vested Pension shall commence as of his Normal Retirement Date. However, if a Participant requests the Committee to authorize the commencement of his Deferred Vested Pension as of the first
day of any month after his attainment of age 55 and prior to his Normal Retirement Date, his Pension shall commence as of the first day of the month so requested, but the amount thereof shall be reduced as provided in Section 6.4. 

5.4 Deferred Vested Pension in Top-Heavy Years. A Participant shall be eligible for a Deferred Vested Pension under
Section 6.4 if his employment is terminated for any reason before his death and he had completed at least three Years of Service during or prior to any Top Heavy Year. 
 5.5 Vesting Following Plan Amendment. In the event that any amendment is adopted to the Plan which affects, directly or indirectly, the computation of the vested percentage of the
Participants’ Accrued Benefits: 
 (a) The vested percentage of the Accrued Benefit of each Participant as of the later of
the date the amendment is adopted or the date it becomes effective shall not, as a result of such amendment, be less than it would have been had the Participant terminated his employment on the day immediately preceding the day such amendment was
adopted (or, if earlier, the effective date of such amendment); and 
 (b) The vested percentage of the Accrued Benefit of a
Participant who, on the day the amendment is adopted (or, if earlier, the effective date of such amendment), had 

  
 17 

 
completed at least three Years of Service shall thereafter be equal to the greater of the amount determined under the Plan as so amended or the amount determined under the Plan without regard to
such amendment. 
 (c) Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, the
vested percentage of each Participant’s Accrued Benefit on April 30, 2005 shall be 100%. 
 5.6 Freeze of Accrued
Benefits. Anything contained herein to the contrary notwithstanding, effective as of April 30, 2005, each Participant’s Accrued Benefit under the Plan shall be frozen. Notwithstanding the foregoing, Participants in the Plan as of
April 30, 2005 must continue to satisfy the requirements of this Article V in order to receive a Pension. 
 5.7
Military Service. The survivors of a Participant who dies on or after May 1, 2007 while performing qualified military service shall be entitled to any additional benefit that is provided under the Plan had the Participant resumed and
then terminated employment on account of his death, but only to the extent required by Section 401(a)(37) of the Code. 

  
 18 

 ARTICLE VI 
 REQUIREMENTS FOR PENSIONS 
 6.1 Benefits Generally. Subject
to the limitations hereinafter set forth in this Article VI, each Participant who retires on or after he has fulfilled the requirements for a Pension as set forth in Article V shall be entitled to the Pension determined in accordance with the
provisions of this Article VI. Notwithstanding the foregoing, effective as of and after April 30, 2005, the amount of the Pension to which a Participant may be entitled under this Article VI shall be the amount to which the
Participant would be entitled as of April 30, 2005. Each Participant’s Pension entitlement hereunder shall be frozen at the amount of the Participant’s Pension entitlement on April 30, 2005. 

6.2 Normal Retirement Pension. Subject to paragraphs (b), (c) and (d), a Participant’s Accrued Benefit under the Plan is
the monthly benefit amount payable in the form of a single life annuity commencing at Normal Retirement Age (or Actuarial Equivalent thereof) equal to the Participant’s total number of Years of Credited Service multiplied by $9.00 with respect
to the Participant’s Years of Credited Service earned prior to January 1, 2003. For Participants retiring on or after May 1, 2003, a Participant’s total number of Years of Credited Service earned beginning on or after
January 1, 2003, shall be multiplied by $11.00 in determining the Participant’s Accrued Benefit. Notwithstanding the foregoing, the Accrued Benefit of any Participant who terminates employment with the Company prior to May 1, 2003,
shall be determined by multiplying the Participant’s total Years of Credited Service by $9.00. A Participant’s benefit or prior plan participant’s benefit amount as determined above shall be offset by the value of the benefit
distributed to or for the benefit of the Participant from the prior plan, if any. 
 (a) The Accrued Benefit of a Participant
who participated in the Plan as of the Effective Date (and had an Accrued Benefit as of the Effective Date) determined under the Plan immediately prior to the Effective Date, based on the provisions of the Plan in effect prior to the Effective Date.

 (b) If a Participant receives a distribution of his Accrued Benefit as a result of the termination of the Participant’s
employment and the Participant is subsequently rehired, then the amount of the Pension to which the Participant (or his Beneficiary) shall be entitled upon his subsequent Retirement or death shall be determined by disregarding his Years of Credited
Service taken into account in determining the amount of such previous distribution, provided that if the amount of such distribution was less than the present value of the Participant’s Accrued Benefit at such time (as determined under
Section 7.5, and disregarding the value of any subsidies for early retirement or survivorship benefits), such Years of Credited Service shall not be disregarded, but any Pension to which the Participant (or his Beneficiary) subsequently becomes
entitled shall be reduced by the Actuarial Equivalent of such distribution. If a Participant is not entitled to a Deferred Vested Pension when he incurs a termination of employment, he shall be deemed to have a received a lump sum distribution of
the entire vested portion of his Accrued Benefit. If such a Participant is subsequently re-employed before incurring a Break in Service consisting of at least five Plan Years, he shall be deemed to have repaid such distribution and his Years of
Credited Service prior to such termination of employment shall be included in determining his Accrued Benefit. 
 (c) In the
event this Section 6.2 of the Plan is amended to modify the manner in which a Participant’s Accrued Benefit under the Plan is determined, no such modification shall result in, or be interpreted in a manner which results in, the reduction
in the Participant’s Accrued Benefit prior to such modification or amendment. 

  
 19 

 6.3 Early Retirement Pension. The monthly amount of a
Participant’s Early Retirement Pension payable on a single-life basis commencing as of his Normal Retirement Date shall be equal to his Accrued Benefit at his Retirement. In the event that the Participant requests payment of his Early
Retirement Pension prior to his Normal Retirement Date, the monthly amount of the Early Retirement Pension shall be equal to the Pension which is otherwise payable to the Participant as of his Normal Retirement Date, reduced at a rate of  1/2% for each month that the commencement of Pension payments precede his Normal Retirement Date. 
 6.4 Deferred Vested Pension. The monthly amount of a Participant’s Deferred Vested Pension payable on a single-life basis commencing as of his Normal Retirement Date shall be equal to his
Accrued Benefit at his Retirement (or, in the event that a Participant is eligible for a Deferred Vested Pension under Section 5.4, the vested percentage of his Accrued Benefit at his Retirement determined under Section 5.4). In the event
that the Participant requests the payment of his Deferred Vested Pension prior to his Normal Retirement Date, the monthly amount of the Pension shall be equal to the Pension which is otherwise payable to the Participant as of his Normal Retirement
Date, reduced at a rate of  1/2% for each month that the commencement of Pension payments precede his Normal Retirement Date. 
 6.5 Maximum Pensions. The following provisions shall apply effective May 1, 2008, except as otherwise provided in this Section 6.5. The application of the provisions of this Section shall
not cause the Maximum Permissible Benefit for any Participant to be less than his accrued benefit under all defined benefit plans of the Employer or a predecessor employer as of the end of the last limitation year beginning before May 1, 2008
under the provisions of such plans that were both adopted and in effect before April 5, 2007. 
 (a) The Annual Benefit
payable to a Participant at any time shall not exceed the Maximum Permissible Benefit. If the benefit that a Participant otherwise would accrued in a limitation year would result in an Annual Benefit in excess of the Maximum Permissible Benefit, the
benefit shall be limited (or the rate of accrual decrease) to a benefit that does not exceed the Maximum Permissible Benefit. 

(b) If a Participant is, or ever has been, a participant in another qualified defined benefit plan (without regard to whether such plan
has been terminated) maintained by the Employer or a predecessor employer, the sum of the Participant’s Annual Benefits from all such plans may not exceed the Maximum Permissible Benefit. If a Participant’s employer-provided benefits under
all such defined benefit plans (determined as of the same age) would exceed the Maximum Permissible Benefit, such aggregate benefits shall be reduced to the extent necessary so as not to exceed the Maximum Permissible Benefit. Such reduction shall
be effectuated by prorating the benefit under each such plan according to the ratio that such benefit under each such plan bears to the aggregate benefit under all such plans. 

  
 20 

 (c) For purposes of this Section 6.5: 

 

	 	(i)	The term “Annual Benefit” means a Pension payable annually in the form of a single-life Pension. Except as provided below, a benefit payable in a form other
than a single-life Pension shall be adjusted to an actuarially equivalent single-life Pension that begins at the same time as such other form of benefit and is payable on the first day of each month before applying the limitations of this Section.
If a Participant has or will have distributions commencing at more than one Benefit Commencement Date, the Annual Benefit shall be determined as of each such date (and shall satisfy the limitations of this Section as of each such date), actuarially
adjusting for past and future distributions of benefits commencing at other Benefit Commencement Dates. For this purpose, whether a new Benefit Commencement Date has occurred shall be made without regard to Treasury Regulations
Section 1.401(a)-20, Q&A 10(d) and with regard to Treasury Regulations Section 1.415(b)-1(b)(1)(iii)(B) and (C). 

 No actuarial adjustment shall be made to the benefit for (A) survivor benefits payable to a surviving Spouse under a Qualified Joint and Survivor Annuity to the extent that such benefits would not be
payable if the Participant’s benefit were paid in a different form; (B) benefits that are not directly related to retirement benefits (such as a qualified disability benefit, pre-retirement incidental death benefits, and post-retirement
medical benefits); or (C) the inclusion in the form of benefit of an automatic benefit increase feature, provided, the form of benefit is not subject to Section 417(e)(3) of the Code and otherwise would satisfy the limitations of this
Section, and the Plan provides that the amount payable under the form of benefit in any limitation year shall not exceed the limits of this Section applicable at the Benefit Commencement Date, as increased in subsequent years pursuant to
Section 415(d) of the Code. For this purpose, an automatic benefit increase feature is included in a form of benefit if the form of benefit provides for automatic, periodic increases to the benefits paid in that form. 

The Annual Benefit shall be determined taking into account Social Security supplements described in Section 411(a)(9) of the Code
and benefits transferred from another defined benefit plan, other than transfers of distributable benefits pursuant to Treasury Regulations Section 1.411(d)-4, Q&A-3(c) but disregarding benefits attributable to employee contributions or
rollovers. 

  
 21 

 Effective for Plan Years beginning after December 31, 2003, the determination of
actuarial equivalence of forms of benefit other than a life-only Pension shall be made in accordance with (A) or (B) below. 
  

	 	(A)	The life-only Pension that is actuarially equivalent to a benefit form that is not subject to Section 417(e)(3) of the Code shall be determined under this
subparagraph (A) if the form of the Participant’s benefit is either (I) a nondecreasing annuity (other than a life-only Pension) payable for a period of not less than the Participant’s life (or in the case of a Qualified
Pre-Retirement Survivor Pension, the life of the surviving spouse), or (II) an annuity that decreases during the Participant’s life merely because of (1) the death of the survivor annuitant (but only if the reduction is not below
50% of the benefit payable before the death of the survivor annuitant), or (2) the cessation or reduction of social security supplements or qualified disability payments (as defined in Section 401(a)(11) of the Code).

  

	 	(I)	For limitation years beginning before July 1, 2007, the actuarial equivalent life-only Pension is equal to the amount of the life-only Pension commencing at the
same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit computed using whichever of the following produces the greater annual amounts: (1) the interest rate and mortality table
(or other tabular factor) specified in Section 2.2 for adjusting benefits in the same form; and (2) a 5% interest rate assumption and the applicable mortality table defined in Section 7.5(c) for that Benefit Commencement Date.

  

	 	(II)	For limitation years beginning on or after July 1, 2007, the actuarial equivalent life-only Pension is equal to the greater of: (1) the annual amount
of the life-only Pension (if any) payable to the Participant under the Plan beginning at the same Benefit Commencement Date as the Participant’s form of benefit; and (2) the annual amount of the life-only Pension beginning at the
same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using a 5% interest rate assumption and the applicable mortality table defined in Section 7.5(c) for that Benefit
Commencement Date. 

  

	 	(B)	The life-only Pension that is actuarially equivalent to a benefit form that is subject to Section 417(e)(3) of the code shall be determined under this paragraph if
the Participant’s form of benefit is other than a form described in subparagraph (A) above. In this case, the actuarial equivalent life-only Pension shall be determined as follows: 

 

	 	(I)	 If the Benefit Commencement Date is in a Plan Year beginning after 2005, the actuarial equivalent life-only

  
 22 

	 	
Pension is equal to the greatest of: (1) the annual amount of the life-only Pension beginning at the same Benefit Commencement Date that has the same actuarial present value as the
Participant’s form of benefit, computed using the interest rate in Section 2.2 for adjusting benefits in the same form; (2) the annual amount of the life-only Pension beginning at the same Benefit Commencement Date that has the
same actuarial present value as the Participant’s form of benefit, computed using a 5.5% interest rate assumption and the applicable mortality table defined in Section 7.5(c); and (3) the annual amount of the life-only Pension
beginning at the same Benefit Commencement Date that has the same actuarial present value computed using the applicable interest rate and applicable mortality table defined in Section 7.5(c), divided by 1.05. 

 

	 	(II)	If the Benefit Commencement Date is in a Plan Year beginning in 2004 or 2005, the actuarial equivalent life-only Pension is equal to the annual amount of the
life–only Pension beginning at the same Benefit Commencement Date that has the same actuarial present value as the Participant’s form of benefit, computed using whichever of the following produces the greater amount: (1) the
interest rate and mortality table specified in Section 2.2 for adjusting benefits in the same form; and (2) a 5.5% interest rate assumption and the applicable mortality table specified in Section 7.5(c). If the Benefit
Commencement Date is on or after the first day of the first Plan Year beginning in 2004 and before December 31, 2004, application of this paragraph shall not cause the amount payable under the Participant’s form of benefit to be less than
the benefit calculated under the Plan, taking into account the limitations of this Section, except that the actuarial equivalent life-only Pension is equal to the amount of the life-only Pension beginning at the same Benefit Commencement Date that
has the same actuarial present value as the Participant’s form of benefit, computed using whichever of the following produces the greatest annual amount: (3) the interest rate and mortality table (or other tabular factor) specified
in Section 2.2 for adjusting benefits in the same form; (4) the applicable interest rate and applicable mortality table defined in Section 7.5(c); and (5) the applicable interest rate defined in Section 7.5(c)
(as in effect on the last day of the last Plan Year beginning before January 1, 2004 under provisions of the Plan then adopted and in effect) and the applicable mortality table defined in Section 7.5(c). 

  
 23 

	 	(ii)	The term “Defined Benefit Compensation Limit” means, effective for limitation years ending after December 31, 2001, $160,000, automatically adjusted
under Section 415(d) of the Code effective each January 1, and payable in the form of a life-only Pension. The adjusted limitation shall apply to limitation years ending with or within the calendar year of the date of the adjustment, but a
Participant’s benefits will not reflect the adjusted limit prior to January 1 of that year. 

  

	 	(iii)	For purposes of this Section, the term “Employer” means the Employer and any Related Employer. 

 

	 	(iv)	The term “High Three-Year Average Compensation” means a Participant’s average Section 415 Compensation for the three consecutive Years of Service
(or if a Participant has fewer than three such years, his longest consecutive period of service, including fractions of years, but not less than one year) with the Employer that produce the highest average. If a Participant is rehired by the
Employer after a Break in Service, his High Three-Year Average Compensation shall be calculated by excluding all years for which he performed no services for and received no Section 415 Compensation from the Employer and by treating the years
immediately before and after the Break in Service as consecutive. A Participant’s Section 415 Compensation for a Year of Service shall not include amounts in excess of the limitation under Section 401(a)(17) of the Code in effect for
the limitation year in which such Year of Service begins. 

  

	 	(v)	The term “Maximum Permissible Benefit” means the smaller of the Defined Benefit Dollar Limitation and the Defined Benefit Compensation Limitation, both
adjusted if required, as provided below. 

  

	 	(A)	If a Participant has fewer than ten Years of Credited Service, the Defined Benefit Dollar Limitation shall be multiplied by a fraction the numerator of which is the
Participant’s number of Years of Credited Service (or part thereof but not less than one year), and the denominator of which is ten. If a Participant has fewer than ten Years of Service, the Defined Benefit Dollar Limitation shall be multiplied
by a fraction the numerator of which is the number of Years of Service (or part thereof but not less than one year), and the denominator of which is ten. 

  

	 	(B)	Effective for benefits beginning in limitation years ending after December 31, 2001, the Defined Benefit Dollar Limitation shall be adjusted if a
Participant’s Benefit Commencement Date is before age 62 or after age 65. If the Benefit Commencement Date is before age 62, the Defined Benefit Dollar Limitation shall be adjusted under subparagraph (I), as modified by subparagraph (III). If
the annuity starting date is after age 65, the Defined Benefit Dollar Limitation shall be adjusted under subparagraph (II), as modified by subparagraph (III). 

  
 24 

	 	(I)	Adjustment of Defined Benefit Dollar Limitation for benefit commencement before age 62. 

 

	 	(i)	If the Benefit Commencement Date for a Participant’s benefit is before age 62 and occurs in a limitation year beginning before July 1, 2007, the Defined
Benefit Dollar Limitation for the Participant’s Benefit Commencement Date is the annual amount of a benefit payable in the form of a life-only Pension commencing at the Participant’s Benefit Commencement Date that is the actuarial
equivalent of the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if required) with actuarial equivalence computed using whichever of the following produces the smaller annual amount: (1) the
interest rate and mortality table (or other tabular factor) specified in Section 2.2, or (2) a 5% interest rate assumption and the applicable mortality table as defined in Section 7.5(c). 

 

	 	(ii)	If the Benefit Commencement Date for a Participant’s benefit occurs in a limitation year beginning on or after July 1, 2007 and, the Defined Benefit Dollar
Limitation for the Participant’s Benefit Commencement Date is the lesser of the annual amount of a benefit payable in the form of a life-only Pension beginning at the Participant’s Benefit Commencement Date that is the actuarial equivalent
of the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if required) with actuarial equivalence computed using a 5% limitation and the applicable mortality table for the annuity starting date as defined in
Section 7.5(c) (and expressing the Participant’s age based on completed calendar months as of the Benefit Commencement Date, and the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if required)
multiplied by the ratio of the annual amount of the immediately commencing life-only Pension at the Participant’s Benefit Commencement Date to the annual amount of the immediately commencing life-only Pension under the Plan at age 62, both
determined without applying the limitations of this Section. 

  
 25 

	 	(II)	If the Benefit Commencement Date for a Participant’s benefit is after age 65 and occurs in a limitation year beginning on or after July 1, 2007, the Defined
Benefit Dollar Limitation at the Participant’s Benefit Commencement Date is the lesser of: (1) the annual amount of a benefit payable in the form of a life-only Pension beginning at the Participant’s Benefit Commencement Date
that is the actuarial equivalent of the Defined Benefit Dollar Limitation (adjusted for Years of Credited Service less than ten, if applicable), with actuarial equivalence computed using a 5% interest rate assumption and the applicable mortality
table for that annuity starting date as defined in Section 7.5(c) (and expressing the Participant’s age based on completed calendar months as of the Benefit Commencement Date), and (2) the Defined Benefit Dollar Limitation
(adjusted for Years of Credited Service less than ten, if applicable) multiplied by the ratio of the annual amount of the adjusted immediately commencing life-only Pension under the Plan at the Participant’s Benefit Commencement Date to the
annual amount of the adjusted immediately commencing life-only Pension under the Plan at age 65, both determined without applying the limitations of this Section. For this purpose, the adjusted immediately commencing life-only Pension under the Plan
at the Participant’s Benefit Commencement Date is the annual amount of such Pension payable to the Participant, computed disregarding the Participant’s accruals after age 65 but including actuarial adjustments even if used to offset
accruals, and the adjusted immediately commencing life-only Pension under the Plan at age 65 is the annual amount of such Pension that would be payable under the Plan to a hypothetical Participant who is age 65 and has the same accrued benefit as
the Participant. 

  

	 	(III)	Notwithstanding the other requirements of this paragraph, no adjustment shall be made to the Defined Benefit Dollar Limitation to reflect the probability of a
Participant’s death between the Benefit Commencement Date and age 62, or between age 65 and the Benefit Commencement Date, as applicable, if benefits are not forfeited upon the death of the Participant prior to the Benefit Commencement Date. To
the extent benefits are forfeited upon death before the Benefit Commencement Date, such an adjustment shall be made. For this purpose, no forfeiture shall be treated as occurring upon the Participant’s death if the Plan does not charge
Participants for providing a Qualified Pre-Retirement Survivor Annuity. 

  
 26 

	 	(vi)	The term “Section 415 Compensation” means wages within the meaning of Section 3401(a) of the Code for purpose of income tax withholding at the source but
determined without regard to any rule that limits the remuneration included in wages based on the nature or location of the employment or the services performed (such as the exception for agricultural labor in Section 3401(a)(2) of the Code),
including any such amounts paid by the later of two and one-half months after severance from employment or the end of the limitation year that includes the date of severance from employment if, absent a severance from employment, such payments would
have been made to the Participant while the Participant continued in employment with the Employer and are regular compensation for services during the Participant’s regular working hours, compensation for services outside the Participant’s
regular working hours (such as overtime or shift differential), commissions, bonuses or other similar compensation. Section 415 Compensation shall include amounts that otherwise would be included therein but for an election under
Section 125(a), 132(f)(4), 402(e)(3), 402(h)(1)(B), 402(k) or 457(b) of the Code. 

 (d) Notwithstanding any
provision to the contrary in this Section, the benefit otherwise accrued or payable to a Participant under the Plan shall be deemed not to exceed the Maximum Permissible Benefit if (i) the retirement benefits payable for a limitation year under
any form of benefit with respect to the Participant under the Plan and all other defined benefit plans (without regard to whether a plan has been terminated) ever maintained by the Employer do not exceed $10,000 multiplied by a fraction the
numerator of which is the Participant’s number of Years of Service (or part thereof but not less than one year), not to exceed ten years, and the denominator of which is ten; and (ii) the Employer (or a predecessor employer) has not at any
time maintained a defined contribution plan in which the Participant participated (excluding for this purpose mandatory employee contributions under a defined benefit plan, individual medical accounts under Section 401(h) of the Code, and
post-retirement medical accounts under Section 419A(d)(1) of the Code). 
 (e) The limitations of this Section shall be
determined and applied by taking into account the rules in Treasury Regulations Section 1.415(f)-1(d), (e) and (h). 

6.6 Additional Restrictions. 
 (a) In the event that the Plan terminates, the Pension paid to or on behalf of any Highly-Compensated Employee or former Employee treated as a Highly Compensated Employee shall be limited to a benefit
that is non-discriminatory under Code Section 401(a)(4). 
 (b) Except as provided in paragraph (c), the annual
payments to any member of the Highly-Compensated Group shall be limited to an amount equal to the payments that would be made on behalf of the Participant under a single life annuity that is the Actuarial Equivalent of the sum of (i) the
Participant’s Accrued Benefit plus (ii) the Participant’s other benefits (as that term is defined in Section 6.6(d) below), if any, under the Plan. 

  
 27 

 (c) The limitations of Section 6.6(b) shall not apply if (i) after the payment of
the benefits described in Section 6.6(d)(ii) below to such Participant, the value of the assets of the Plan equals or exceeds 110% of the value of the Plan’s current liabilities (as that term is defined in Code Section 412(1)(7)), or
(ii) the value of the benefits described in Section 6.6(d)(ii) for such member of the Highly-Compensated Group is less than the greater of 1% of the value of the Plan’s current liabilities or $5,000. 

(d) For purposes of this Section, 
  

	 	(i)	The term “Highly-Compensated Group” shall mean the group of individuals consisting of all Highly-Compensated Employees and former Employees who are treated as
Highly-Compensated Employees other than those who were not among the top 25 Employees when ranked on the basis of Compensation in the current or any prior Plan Year; and, 

 

	 	(ii)	The term “benefit” shall include loans in excess of the amounts set forth in Section 72(p)(2)(A) of the Code, any periodic income, any withdrawal values
payable to a living Participant, and any death benefits not provided for by insurance on the Participant’s life. 

 (e) The provisions of this Section 6.6 shall apply only to Plan Years commencing on or after May 1, 1994. For prior Plan Years, the provisions of Treasury Regulations Section 1.401-4(c)
shall apply. 
 6.7 Conditions Affecting Pensions. 

(a) Subject to the provisions of Sections 7.8(c) and 7.9, no Pension payments shall be made to a Participant during a period of
employment and, in the event that a retired Participant receiving Pension payments is re-employed or continues to be employed by the Employer after the attainment of his Normal Retirement Age in an employment position covered by the Plan, his
Pension payments shall be suspended during his period of re-employment or continued employment. 
 (b) Upon the subsequent
termination of employment of a re-employed Participant, he shall be entitled to receive a Pension under the Plan in an amount equal to the sum of (i) his Accrued Benefit at his Retirement, based upon his Years of Credited Service as of such
date, plus (ii) his Accrued Benefit (if any) earned during his period of re-employment, based upon his Years of Credited Service during such period as of his subsequent termination of employment. 

(c) Notwithstanding paragraphs (a) and (b), if payment of a Participant’s Pension is required to commence while he is still
employed by reason of either Section 7.8(c) or 7.9, the amount of his Pension shall be increased as of the first month of each subsequent Plan Year to reflect any increase in his Years of Credited Service. 

6.8 Minimum Benefits in Top-Heavy Years. Anything else contained herein to the contrary notwithstanding, the Accrued Benefit of
each Non-Key Employee shall not be less than the product of (a) 2% of the Non-Key Employee’s average monthly Top-Heavy Compensation 

  
 28 

 
during the consecutive five-year period in which he had the greatest aggregate Top-Heavy Compensation (excluding Top-Heavy Compensation received in any Plan Year that is not a Top-Heavy Year),
multiplied by (b) the number of Top-Heavy Years (not exceeding 20) during which the Non-Key Employee completed at least 1,000 Hours of Service, regardless of the Non-Key Employee’s level of Top-Heavy Compensation during such Top-Heavy
Year, whether the Non-Key Employee makes any mandatory contribution during such Top-Heavy Year, and whether the Non-Key Employee is employed on any particular day during such Top-Heavy Year. If, in any Top-Heavy Year, the Non-Key Employee is also a
participant in any other defined benefit plan maintained by the Employer or a Related Company, the minimum Accrued Benefit required under this Section with respect to such Top-Heavy Year shall be reduced by the benefit accrued during such Top-Heavy
Year under such other plan (other than a minimum benefit accrued only during a Top-Heavy Year). If such Non-Key Employee is also covered by a defined contribution plan, he shall nevertheless receive the minimum Accrued Benefit described herein.
Notwithstanding the foregoing, minimum accruals shall not be required for any Plan Year in which the Plan does not benefit any Key Employee or former Key Employee. 
 6.9 Payment of Incorrect Pension Amount. In the event of payment of a Pension to a Participant (or their Beneficiary) under Articles V and VI of the Plan, all or a portion of which should not
have been payable to such Participant (or their Beneficiary), the Plan Committee shall, as soon as is administratively feasible, reduce the Pension benefit properly payable to the Participant by the amount of any overpayment. Provided, however, no
such reduction shall exceed 25% of the monthly Pension payable to the Participant (or their Beneficiary). 
 6.10 Limitations
Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than 80% or if the Company is in Bankruptcy. 
 (a) Limitations Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than 80% but not Less than 60%. Notwithstanding any other provision of the Plan to the contrary,
if the Plan’s adjusted funding target attainment percentage (as defined in Treasury Regulation Section 1.436-1(j)(1)) for a Plan Year is less than 80% (or would be less than 80% to the extent described in paragraph (a)(ii) below) but is
not less than 60%, then the limitations set forth in this paragraph (a) apply. 
  

	 	(i)	50% Limitation on Single Sum Payments, Other Accelerated Forms of Distribution, and Other Prohibited Payments. A Participant or Beneficiary is not permitted to
elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment (as defined in Treasury Regulation Section 1.436-1(j)(6)) with an annuity starting date (as defined in Treasury
Regulation Section 1.436-1(j)(2)) on or after the applicable Section 436 measurement date (as defined in Treasury Regulation Section 1.436-1(j)(8)), and the Plan shall not make any payment for the purchase of an irrevocable commitment
from an insurer to pay benefits or any other payment or transfer that is a prohibited payment, unless the present value of the portion of the benefit that is being paid in a prohibited payment does not exceed the lesser of: 

 

	 	(A)	50% of the present value of the benefit payable in the optional form of benefit that includes the prohibited payment; or 

 

	 	(B)	100% of the PBGC maximum benefit guarantee amount (as defined in Treasury Regulation Section 1.436-1(d)(3)(iii)(C)). 

  
 29 

 The limitation set forth in this paragraph (a)(i) does not apply to any payment of a
benefit that, under Section 411(a)(11) of the Code, may immediately be distributed without the consent of the Participant. If an optional form of benefit that otherwise is available under the terms of the Plan is not available to a Participant
or Beneficiary as of the annuity starting date because of the application of the requirements of this paragraph (a)(i), the Participant or Beneficiary is permitted to elect to bifurcate the benefit into unrestricted and restricted portions (as
described in Treasury Regulation Section 1.436-1(d)(3)(iii)(D)). The Participant or Beneficiary also may elect any other optional form of benefit otherwise available under the Plan at that annuity starting date that would satisfy the 50%/PBGC
maximum benefit guarantee amount limitation described in this Section, or may elect to defer the benefit in accordance with any general right to defer commencement of benefits under the Plan. 

 

	 	(ii)	Plan Amendments Increasing Liability for Benefits. No amendment to the Plan that has the effect of increasing liabilities of the Plan by reason of increases in
benefits, establishment of new benefits, changing the rate of benefit accrual, or changing the rate at which benefits become nonforfeitable shall take effect in a Plan Year if the adjusted funding target attainment percentage for the Plan Year is:

  

	 	(A)	Less than 80%; or 

  

	 	(B)	80% or more, but would be less than 80% if the benefits attributable to the amendment were taken into account in determining the adjusted funding target attainment
percentage. 

 The limitation set forth in this paragraph (a)(ii) does not apply to any amendment to the Plan that
provides a benefit increase under a formula that is not based on Compensation; provided, that the rate of such increase does not exceed the contemporaneous rate of increase in the average wages of Participants covered by the amendment. 

(b) Limitations Applicable if the Plan’s Adjusted Funding Target Attainment Percentage is Less than 60%. Notwithstanding any
other provision of the Plan to the contrary, if the Plan’s adjusted funding target attainment percentage for a Plan Year is less than 60% (or would be less than 60% to the extent described in paragraph (b)(ii) below), then the limitations in
this paragraph (b) apply. 
  

	 	(i)	 Single Sums, Other Accelerated Forms of Distribution, and Other Prohibited Payments not Permitted. A Participant or Beneficiary is not

  
 30 

	 	
permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment with an annuity starting date on or after the applicable
Section 436 measurement date, and the Plan shall not make any payment for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment. The limitation set forth in this
paragraph (b)(i) does not apply to any payment of a benefit that, under Section 411(a)(11) of the Code, may immediately be distributed without the consent of the Participant. 

 

	 	(ii)	Shutdown Benefits and Other Unpredictable Contingent Event Benefits not Permitted to be Paid. An unpredictable contingent event benefit (as defined in Treasury
Regulation Section 1.436-1(j)(9)) with respect to an unpredictable contingent event (as defined in Treasury Regulation Section 1.436-1(j)(9)) occurring during a Plan Year shall not be paid if the adjusted funding target attainment
percentage for the Plan Year is: 

  

	 	(A)	Less than 60%; or 

  

	 	(B)	60% or more, but would be less than 60% if the adjusted funding target attainment percentage were redetermined applying an actuarial assumption that the likelihood of
occurrence of the unpredictable contingent event during the plan year is 100%. 

  

	 	(iii)	Benefit Accruals Frozen. Benefit accruals under the Plan shall cease as of the applicable Section 436 measurement date. In addition, if the Plan is required
to cease benefit accruals under this paragraph (b)(iii), then the Plan is not permitted to be amended in a manner that would increase the liabilities of the Plan by reason of an increase in benefits or establishment of new benefits.

 (c) Limitations Applicable if the Company is in Bankruptcy. Notwithstanding any other provision of the
Plan to the contrary, a Participant or Beneficiary is not permitted to elect, and the Plan shall not pay, a single sum payment or other optional form of benefit that includes a prohibited payment with an annuity starting date that occurs during any
period in which the Company is a debtor in a case under Title 11, United States Code, or similar federal or state law, except for payments made within a Plan Year with an annuity starting date that occurs on or after the date on which the
Plan’s enrolled actuary certifies that the Plan’s adjusted funding target attainment percentage for that Plan Year is not less than 100%. In addition, during such period in which the Company is a debtor, the Plan shall not make any payment
for the purchase of an irrevocable commitment from an insurer to pay benefits or any other payment or transfer that is a prohibited payment, except for payments that occur on a date within a Plan Year that is on or after the date on which the
Plan’s enrolled actuary certifies that the Plan’s adjusted funding target attainment percentage for that Plan Year is not less than 100%. The limitation set forth in this paragraph (c) does not apply to any payment of a benefit which
under Section 411(a)(11) of the Code may immediately be distributed without the consent of the Participant. 

  
 31 

 (d) Provisions Applicable after Limitations Cease to Apply. 

 

	 	(i)	Resumption of Prohibited Payments. If a limitation on prohibited payments under paragraphs (a)(i), (b)(i), or (c) applied to the Plan as of a
Section 436 measurement date, but that limit no longer applies to the Plan as of a later Section 436 measurement date, then that limitation does not apply to benefits with annuity starting dates that are on or after that later
Section 436 measurement date. 

  

	 	(ii)	Resumption of Benefit Accruals. If a limitation on benefit accruals under paragraph (b)(iii) applied to the Plan as of a Section 436 measurement date, but
that limitation no longer applies to the Plan as of a later Section 436 measurement date, then benefit accruals shall resume prospectively, and that limitation does not apply to benefit accruals that are based on service on or after the later
Section 436 measurement date, except as otherwise provided under the Plan. The Plan shall comply with the rules relating to partial years of participation and the prohibition on double proration under Department of Labor Regulation
Section 2530.204-2(c) and (d). 

  

	 	(iii)	Shutdown and Other Unpredictable Contingent Event Benefits. If an unpredictable contingent event benefit with respect to an unpredictable contingent event that
occurs during the Plan Year is not permitted to be paid after the occurrence of the event because of the limitation of paragraph (b)(ii) but is permitted to be paid later in the same Plan Year (as a result of additional contributions or pursuant to
the enrolled actuary’s certification of the adjusted funding target attainment percentage for the Plan Year that meets the requirements of Treasury Regulation Section 1.436-1(g)(5)(ii)(B)), then that unpredictable contingent event benefit
shall be paid, retroactively to the period that such benefit would have been payable under the terms of the Plan (determined without regard to Section paragraph (b)(ii)). If the unpredictable contingent event benefit does not become payable during
the Plan Year in accordance with the preceding sentence, then the Plan is treated as if it does not provide for that benefit. 

  

	 	(iv)	Treatment of Plan Amendments that do not Take Effect. If a plan amendment does not take effect as of the effective date of the amendment because of the
limitation of paragraphs (a)(ii) or (b)(iii) but is permitted to take effect later in the same Plan Year (as a result of additional contributions or pursuant to the enrolled actuary’s certification of the adjusted funding target attainment
percentage for the Plan Year that meets the requirements of Treasury Regulation Section 1.436-1(g)(5)(ii)(C)), then the plan amendment must automatically take effect as of the first day of the Plan Year (or, if later, the original effective
date of the amendment). If the plan amendment cannot take effect during the same Plan Year, then it shall be treated as if it were never adopted unless the plan amendment provides otherwise. 

  
 32 

 (e) Notice Requirement. As required by ERISA Section 101(j), the Committee shall
provide a written notice to Participants and Beneficiaries if the Plan has become subject to a limitation described in paragraphs (a)(i), (b), or (c). 
 (f) Methods to Avoid or Terminate Benefit Limitations. The Company may use the methods described in Sections 436(b)(2), (c)(2), (e)(2), and (f) of the Code and Treasury Regulation
Section 1.436-1(f) to avoid or terminate one or more of the benefit limitations under paragraphs (a) through (c) for a Plan Year, including employer contributions and elections to increase the amount of Plan assets that are taken into
account in determining the adjusted funding target attainment percentage, making an employer contribution that is specifically designated as a current year contribution that is made to avoid or terminate application of certain of the benefit
limitations, or providing security to the Plan. 
 (g) Special Rules. 

 

	 	(i)	Rules of Operation for Periods Prior to and after Certification of Plan’s Adjusted Funding Target Attainment Percentage. 

 

	 	(A)	In General. Section 436(h) of the Code and Treasury Regulation Section 1.436-1(h) set forth a series of presumptions that apply (1) before the
Plan’s enrolled actuary issues a certification of the Plan’s adjusted funding target attainment percentage for the Plan Year, and (2) if the Plan’s enrolled actuary does not issue a certification of the Plan’s adjusted
funding target attainment percentage for the Plan Year before the first day of the tenth month of the Plan Year (or if the Plan’s enrolled actuary issues a range certification for the Plan Year pursuant to Treasury Regulation
Section 1.436-1(h)(4)(ii) but does not issue a certification of the specific adjusted funding target attainment percentage for the Plan by the last day of the Plan Year). For any period during which a presumption under Section 436(h) of
the Code and Treasury Regulation Section 1.436-1(h) applies to the Plan, the limitations under paragraphs (a) through (c) are applied to the Plan as if the adjusted funding target attainment percentage for the Plan Year were the
presumed adjusted funding target attainment percentage determined under the rules of Section 436(h) of the Code and Treasury Regulation Section 1.436-1(h)(1), (2), or (3). These presumptions are set forth in paragraph (g)(i)(B) though (D).

  

	 	(B)	Presumption of Continued Underfunding Beginning First Day of Plan Year. If a limitation under paragraphs (a), (b), or (c) applied to the Plan on the last
day of the preceding Plan Year, then, commencing on the first day of the current Plan Year and continuing until the Plan’s enrolled actuary issues a certification of the adjusted funding target attainment percentage for the Plan for the current
Plan Year, or, if earlier, the date paragraphs (g)(i)(C) or (g)(i)(D) applies to the Plan: 

  

	 	(I)	The adjusted funding target attainment percentage of the Plan for the current Plan Year is presumed to be the adjusted funding target attainment percentage in effect on
the last day of the preceding Plan Year; and 

  

	 	(II)	The first day of the current Plan Year is a Section 436 measurement date. 

  
 33 

	 	(C)	 Presumption of Underfunding Beginning First Day of Fourth Month. If the Plan’s enrolled actuary has not issued a certification of the
adjusted funding target attainment percentage for the Plan Year before the first day of the fourth month of the Plan Year, and the Plan’s adjusted funding target attainment percentage for the preceding Plan Year was either at least 60% but less
than 70% or at least 80% but less than 90%, or is described in Treasury Regulation Section 1.436-1(h)(2)(ii), then commencing on the first day of the fourth month of the current Plan Year and continuing until the Plan’s enrolled actuary
issues a certification of the adjusted funding target attainment percentage for the Plan for the current Plan Year, or, if earlier, the date paragraph (g)(i)(D) applies to the Plan: 

 

	 	(I)	The adjusted funding target attainment percentage of the Plan for the current Plan Year is presumed to be the Plan’s adjusted funding target attainment percentage
for the preceding plan year reduced by ten percentage points; and 

  

	 	(II)	The first day of the fourth month of the current Plan Year is a Section 436 measurement date. 

 

	 	(D)	Presumption of Underfunding on and after First Day of Tenth Month. If the Plan’s enrolled actuary has not issued a certification of the adjusted funding
target attainment percentage for the Plan Year before the first day of the tenth month of the Plan Year (or if the Plan’s enrolled actuary has issued a range certification for the Plan Year pursuant to Treasury Regulation
Section 1.436-1(h)(4)(ii) but has not issued a certification of the specific adjusted funding target attainment percentage for the Plan by the last day of the Plan Year), then commencing on the first day of the tenth month of the current Plan
Year and continuing through the end of the Plan Year: 

  

	 	(I)	The adjusted funding target attainment percentage of the Plan for the current Plan Year is presumed to be less than 60%; and 

 

	 	(II)	The first day of the tenth month of the current Plan Year is a Section 436 measurement date. 

  
 34 

	 	(ii)	New Plans, Plan Termination, Certain Frozen Plans, and Other Special Rules. 

 

	 	(A)	First Five Plan Years. The limitations in paragraphs (a)(ii), (b)(ii), and (b)(iii) do not apply to a new plan for the first five plan years of the plan,
determined under the rules of Section 436(i) of the Code and Treasury Regulation Section 1.436- 1(a)(3)(i). 

  

	 	(B)	Plan Termination. The limitations on prohibited payments in paragraphs (a)(i), (b)(i), and (c) do not apply to prohibited payments that are made to carry
out the termination of the Plan in accordance with applicable law. Any other limitations under this Section of the Plan do not cease to apply as a result of termination of the Plan. 

 

	 	(C)	Exception to Limitations on Prohibited Payments under Certain Frozen Plans. The limitations on prohibited payments set forth in paragraphs (a)(i), (b)(i), and
(c) do not apply for a Plan Year if the terms of the Plan, as in effect for the period beginning on September 1, 2005 and continuing through the end of the Plan Year, provide for no benefit accruals with respect to any Participant. This
paragraph (g)(ii)(C) shall cease to apply as of the date any benefit accrues under the Plan or the date on which a plan amendment that increases benefits takes effect. 

 

	 	(D)	Special Rules Relating to Unpredictable Contingent Event Benefits and Plan Amendments Increasing Benefit Liability. During any period in which none of the
presumptions under paragraph (g)(i) applies to the Plan, and the Plan’s enrolled actuary has not yet issued a certification of the Plan’s adjusted funding target attainment percentage for the Plan Year, the limitations under paragraphs
(a)(ii) and (b)(ii) shall be based on the inclusive presumed adjusted funding target attainment percentage for the Plan, calculated in accordance with the rules of Treasury Regulation Section 1.436-1(g)(2)(iii). 

 

	 	(iii)	Special Rules under the Pension Relief Act of 2010. 

  

	 	(A)	 Payments under Social Security Leveling Options. For purposes of determining whether the limitations under paragraphs (a)(i) or (b)(i) apply to
payments under a social security leveling option, within the meaning of Section 436(j)(3)(C)(i) of the Code, the adjusted funding target attainment percentage for a Plan Year shall be determined in accordance with the “Special Rule for
Certain 

  
 35 

	 	
Years” under Section 436(j)(3) of the Code and any Treasury Regulations or other published guidance thereunder issued by the Internal Revenue Service. 

 

	 	(B)	Limitation on Benefit Accruals. For purposes of determining whether the accrual limitation under paragraph (b)(iii) applies to the Plan, the adjusted funding
target attainment percentage for a Plan Year shall be determined in accordance with the “Special Rule for Certain Years” under Section 436(j)(3) of the Code (except as provided under Section 203(b) of the Preservation of Access
to Care for Medicare Beneficiaries and Pension Relief Act of 2010, if applicable). 

  

	 	(C)	Interpretation of Provisions. The limitations imposed by this Section of the Plan shall be interpreted and administered in accordance with Section 436 of
the Code and Treasury Regulation Section 1.436-1. 

 (h) Effective Date. The rules in paragraphs
(a) through (h) are effective for Plan Years beginning after December 31, 2007. 

  
 36 

 ARTICLE VII 
 FORM AND PAYMENT OF PENSIONS 
 7.1 Payment of Pensions.

 (a) A Participant who is eligible for a Normal Retirement Pension under Section 5.1 or an Early Retirement Pension under
Section 5.2 and who has a Spouse (as defined in paragraph (i) below) shall receive his Pension in the form of a Qualified Joint and Survivor Pension, unless the Participant elects otherwise in writing in accordance with the provisions of
Section 7.4. The Participant’s Qualified Joint and Survivor Pension shall be paid in accordance with either subparagraph (i), (ii) or (iii) below, as elected by the Participant; provided, however, that if no such election is
made by the Participant his Qualified Joint and Survivor Pension shall be paid in accordance with subparagraph (iii) below. 
  

	 	(i)	100% Qualified Joint and Survivor Pension. A Participant shall receive a reduced Pension during his lifetime and, upon his death, 100% of such reduced Pension
shall be paid to the Participant’s Spouse, if surviving, for the remainder of her lifetime. 

  

	 	(ii)	75% Qualified Joint and Survivor Pension. A Participant shall receive a reduced Pension during his lifetime and, upon his death, 75% of such reduced Pension
shall be paid to the Participant’s Spouse, if surviving, for the remainder of the Spouse’s lifetime (the so-called “qualified optional survivor annuity”). 

 

	 	(iii)	50% Qualified Joint and Survivor Pension. A Participant shall receive a reduced Pension during his lifetime and, upon his death, 50% of such reduced Pension
shall be paid to the Participant’s Spouse, if surviving, for the remainder of her lifetime. 

 (b) A
Participant who is eligible for a Deferred Vested Pension under either Section 5.3 or 5.4 and who has a Spouse (as defined in paragraph (i) below) shall receive his Pension in the form of a 50% Qualified Joint and Survivor Pension in
accordance with subparagraph (a)(iii) above, unless the Participant elects otherwise in writing in accordance with the provisions of Section 7.4. 
 (c) The last payment of a Qualified Joint and Survivor Pension shall be made as of the first day of the month in which the death of the survivor of the Participant and his Spouse occurs. 

(d) The reduced amount payable to the Participant under a Qualified Joint and Survivor Pension shall be determined by multiplying the
amount of his Pension determined under the applicable provision of Article V by the applicable option factor set forth in Exhibit A. 
 (e) In lieu of a Qualified Joint and Survivor Pension, a Participant may elect in writing, in accordance with the provisions of Section 7.4, to receive for life a Pension determined under the
applicable provision of Article V. 

  
 37 

 (f) A Participant who is eligible for a Normal Retirement Pension under Section 5.1 or
an Early Retirement Pension under Section 5.2 may elect in writing, in accordance with the provisions of Section 7.4, to receive one of the optional forms of benefit described under Section 7.3. 

(g) If a Participant does not have a Spouse, he shall receive the Pension determined under the applicable provision of Article V,
subject to his right, if any, to elect in writing, in accordance with the provisions of Section 7.4, to receive one of the optional forms of benefit described under Section 7.3. Such a Participant’s single-life Pension shall be deemed
to be a Qualified Joint and Survivor Pension for purposes of all notice and election provisions of Section 7.4. 
 (h) The
last payment of any single-life Pension shall be made as of the first day of the month in which the death of the Participant occurs. 
 (i) For purposes of this Article VII, a Participant’s Spouse shall be the person to whom he is married on his Benefit Commencement Date. To the extent provided in any Qualified Domestic
Relations Order, and subject to the provisions of Section 8.7(b), a former spouse of the Participant shall be treated as the Participant’s Spouse on the Benefit Commencement Date, and the vested percentage of the Participant’s Accrued
Benefit may be paid in accordance with such Qualified Domestic Relations Order at any time after the Participant is eligible to retire and begin receiving a Pension under any provision of Article V. 

7.2 Other Survivorship Benefits. 
 (a) Upon the death of a Participant who is credited with at least one Hour of Service on or after January 1, 1976, who is eligible for a Pension under the applicable provision of Article V, and who
dies prior to his Benefit Commencement Date, a 50% Qualified Pre-retirement Survivor Pension (as defined below) shall be payable to his Eligible Spouse (as defined in paragraph (d) below). 

(b) The date upon which the payment of the 50% Qualified Pre-retirement Survivor Pension commences, and the amount of monthly payments to
the Eligible Spouse, shall be determined as if the Participant had terminated his employment on the date of his death, survived to the earliest date upon which he would have been eligible to begin receiving a Pension under any of the provisions of
Article V, retired with a 50% Qualified Joint and Survivor Pension on such date, and died on the following day. Payments to the Eligible Spouse shall continue until the first day of the month in which the death of the Eligible Spouse occurs.

 (c) Except as provided in this Section 7.2, no death or survivor benefits shall be payable on behalf of a Participant
who dies prior to his Benefit Commencement Date. 
 (d) For purposes of this Section 7.2, a Participant’s Eligible
Spouse shall be the person to whom he has been continuously married for one year on the date of his death. To the extent provided in any Qualified Domestic Relations Order, and subject to the provisions of Section 8.7(b), a former spouse of the
Participant shall be treated as the Participant’s Eligible Spouse, provided that the Participant and his former spouse were married for at least one year. 

  
 38 

 7.3 Optional Forms of Benefits. 

(a) In lieu of a Normal Retirement Pension under Section 5.1, an Early Retirement Pension under Section 5.2, or a Deferred
Vested Pension under Section 5.3, a Participant may elect in writing, in accordance with the provisions of Section 7.4, to receive a Pension payable under one of the options described below: 

 

	 	(i)	Contingent Annuitant Option. A married Participant may elect to receive a reduced Pension payable during his lifetime, with the provision that if his contingent
annuitant survives him, payment of the Pension in an amount equal to either 100%, 75% or 50% of the Participant’s reduced Pension (as elected by the Participant) shall continue to the contingent annuitant after his death, with the last payment
to be made as of the first day of the month in which the death of the contingent annuitant occurs. A Participant who is unmarried as of the end of the election period referenced in Section 7.4, shall not be entitled to elect the optional form
of benefit described under this Section 7.3(a)(i). 

  

	 	(ii)	Single-Life Option. A Participant may elect to receive a single-life Pension under which the last payment shall be made as of the first day of the month in which
the death of the Participant occurs. 

 (b) An option shall be elected in writing on a form approved by the
Committee and shall be filed with the Committee during the period described in Section 7.4. The amount of the Pension payable under an option shall be determined by multiplying the Participant’s Pension under the applicable provision of
Article V by the applicable option factor set forth in Exhibit A. 
 7.4 Election Procedures. 

(a) The Committee shall provide each Participant with a written explanation, in non-technical language, of the Qualified Joint and
Survivor Pension available under Section 7.1, and the optional forms of benefits available under Section 7.3. Such explanation shall include a general statement of the terms and conditions of such benefits, the circumstances under which
the Qualified Joint and Survivor Pension shall automatically be provided, the Participant’s right to make, and the effect of, an election to waive the Qualified Joint and Survivor Pension and the rights of the Participant’s spouse under
paragraph (f) below, and shall inform the Participant that he has the right to receive a written explanation of the effect of any such election on his particular benefit, expressed in terms of dollars per monthly payment and an explanation that
benefits will be larger if payment is deferred. Such written explanation shall also comply with Section 417(a)(3)(A) of the Code and Treasury Regulations Section 1.417(a)-3. 

(b) The Committee shall, before the beginning of the election period, provide to the Participant a written explanation which consists of
the following information (i) the terms and conditions of the Qualified Joint and Survivor Pension, (ii) the Participant’s right to make, and the effect of, an election to waive the Qualified Joint and Survivor Pension form of
benefit, (iii) the rights of the Participant’s spouse, and (iv) the right to make, and the effect of, a 

  
 39 

 
revocation of a previous election to waive the Qualified Joint and Survivor Pension. Effective as of April 1, 1997, the Committee may provide the written explanation to the Participant after
the Participant’s Benefit Commencement Date, as long as the election period described in paragraph (d) does not end until at least 30 days after the written explanation is furnished. The Participant may (with his spouse’s consent, if
applicable) waive the 30-day period described in the preceding sentence in writing, provided that payment of his benefit shall in no event begin less than seven days after such explanation is furnished. As provided in Section 7.9, a Participant
(with his spouse’s consent, if applicable) may elect a Retroactive Annuity Starting Date, in which case the issuance of the written explanation described in this paragraph (b) shall be governed by Section 7.9. 

(c) A Participant may elect not to have his benefit paid in the form of a Qualified Joint and Survivor Pension, or may (if eligible)
elect an optional form of benefit. Any such election shall be made in writing and shall clearly indicate that the Participant is electing to waive his right to receive his benefit in the form of a Qualified Joint and Survivor Pension and shall be
delivered to the Committee during the election period described in paragraph (d). The Participant shall be entitled to make or change any such election at any time during the election period. 

(d) Any election and any revocation of any election made under this Section 7.4 may be made at any time or times during the 180-day
period (90-day period for Plan Years beginning before May 1, 2007) ending on the Participant’s Benefit Commencement Date. 
 (e) An election made pursuant to this Article VII or a revocation or cancellation of an election, or the exercise or revocation of a waiver hereunder before the Participant’s Benefit
Commencement Date, shall be made without prejudice to the right of the Participant to make a new election. An election, revocation or cancellation of an election, or the exercise or revocation of a waiver, shall be made in writing on a form
prescribed by the Committee shall comply with the requirements of paragraph (f), below, and shall be effective if submitted to the Committee prior to the Participant’s Benefit Commencement Date. 

(f) Anything to the contrary notwithstanding, any election made under this Section 7.4 shall be in accordance with rules established
by the Committee. In the case of a Participant whose Benefit Commencement Date occurs after December 31, 1984, an election to receive any benefit other than a Qualified Joint and Survivor Pension shall be valid only if (i) such
Participant’s waiver of his right to receive a Qualified Joint and Survivor Pension pursuant to paragraph (d) is consented to, in writing, by the person who is the Participant’s Spouse on the Benefit Commencement Date, and the
Spouse’s signature is witnessed either by a member of the Committee or other Plan representative designated by the Committee or by a notary public, or (ii) the Participant establishes, to the satisfaction of the Committee, that he is not
married on the Benefit Commencement Date or that, if he is married, his Spouse’s consent cannot be obtained because his Spouse cannot be located, because he and his Spouse are legally separated, because he has been abandoned by his Spouse (and
has a court order to such effect), or because of such other circumstances as may be specified in regulations promulgated under Section 417(a)(2)(B) of the Code. All elections made pursuant to this paragraph (f) may be revoked in writing by
the Participant at any time prior to his Benefit Commencement Date, but any new election of an optional form of benefit shall require a new consent from the Participant’s Spouse unless the

  
 40 

 
original consent specifically authorized the Participant to elect different forms of benefit without the Spouse’s further consent. A Spouse’s consent to an election shall be
irrevocable. The Committee shall provide to each Participant, within the period of time set forth in paragraph (b), the written explanation of the information described in paragraph (a). 

(g) Anything else to the contrary notwithstanding, any Participant (i) who was credited with at least one Hour of Service on or
after September 2, 1974, (ii) who would not, but for this paragraph (g), have the right to receive a 50% Qualified Joint and Survivor Annuity, (iii) who is alive on August 23, 1984 and (iv) whose Benefit Commencement
Date is on or after August 23, 1984, shall have the right to elect to receive a 50% Qualified Joint and Survivor Annuity. The Committee shall send written notice of the provisions of this paragraph (g) to each Participant to whom it
applies, and shall also send written notice of the provisions of Section 7.2 to each Participant whose employment was terminated prior to August 23, 1984, and to whom Section 7.2 applies. 

7.5 Small Pensions. 
 (a) Notwithstanding anything herein to the contrary, if the present value of a Pension payable under the Plan is $5,000 or less (as determined in accordance with Section 7.5(a)(i)) payment of such
Pension shall be made in a lump sum. In the case of a Participant who does not have a vested Accrued Benefit, the Participant shall be deemed to have received a lump-sum payment of his Pension in the amount of zero dollars ($0) at the time set forth
in this Section. Payment of a lump sum pursuant to this Section 7.5(a) shall be made as soon as practicable following the date on which a Participant has incurred a termination of employment or, in the case of a payment to a Beneficiary, the
Participant’s death. The present value of a Pension payable under the Plan shall be determined using the factors specified in Exhibit A applicable to lump sum distributions. 

 

	 	(i)	For purposes of this Section 7.5(a), the determination of whether the present value of a Participant’s Pension exceeds $5,000 upon his termination of
employment shall be made without regard to whether the present value of the Participant’s Pension exceeded $5,000 at a time prior to the Participant’s termination of employment, (with respect to distributions commencing on or after
May 1, 2001). 

  

	 	(ii)	Effective with respect to distributions made after December 31, 2001, if the present value of a Participant’s Pension exceeds $1,000 but does not exceed
$5,000, upon the Participant’s termination of employment (determined in accordance with Section 7.5(a)(i)), and the Participant fails to affirmatively elect to have his entire Accrued Benefit distributed, the Committee shall distribute the
Participant’s benefit in the form of a rollover distribution as described in paragraph (d) below. 

 (b)
Effective January 1, 1997, if the present value of a Pension payable under the Plan, as determined under paragraph (a), is more than $5,000 but not more than $6,000, the Participant or Beneficiary may elect to receive payment of such
Pension in a lump sum. In the case of a Pension payable to a Participant, such election shall be considered a selection of an optional form of benefit, and the notice, election and spousal consent provisions of Section 7.4 shall apply.

  
 41 

 (c) The present value of a single (lump sum) Pension under this Section 7.5, shall be
determined using the applicable interest rate and the applicable morality table. For this purpose the “applicable interest rate” shall be the adjusted first, second and third segment rates that would be determined under
Section 430(h)(2)(C) of the Code for the second month before the first day of the Plan year in which the distribution occurs, or such other time as may be prescribed in applicable regulations, if (i) Section 430(h)(2)(D) of the Code
were applied by substituting the average yield for the month described in Section 430(h)(2)(C)(ii) of the Code for the average 24-month period described in Section 430(h)(2)(D)(i) of the Code, (ii) Section 430(h)(2)(G)(i)(II) of
the Code were applied by substituting “section 417(e)(3)(A)(ii)(II)” for the “section 412(b)(5)(B)(ii)(II),” and (iii) the applicable percentage under Section 430(h)(2)(G) of the Code were determined in accordance with
the following table: 
  

					
	In case of Plan Years beginning in:	  	The
applicable
percentage
is:	 
	 2008
	  	 	20	% 
	 2009
	  	 	40	% 
	 2010
	  	 	60	% 
	 2011
	  	 	80	% 

 For this purpose, the “applicable mortality table” shall be a mortality table, modified as appropriate by the
Secretary of the Treasury, based on the mortality table specified for the Plan Year under Section 430(h)(3)(A) of the Code (without regard to Section 430(h)(3)(C) or (D) of the Code). 

(d) This paragraph applies to distributions made after December 31, 2001. Notwithstanding any provision of the Plan to the contrary
that otherwise would limit a Distributee’s election, a Distributee may elect, at the time and in the manner prescribed by the Committee, to have any portion of an Eligible Rollover Distribution that is $500 or more paid directly to an Eligible
Retirement Plan specified by the Distributee in a Direct Rollover. If an Eligible Rollover Distribution is less than $500, a Distributee may not elect to rollover a portion of such distribution. 

For purposes of this paragraph, the following terms shall have the meanings indicated: 

 

	 	(i)	The term “Direct Rollover” means a payment by the Plan to the Eligible Retirement Plan specified by the Distributee. 

 

	 	(ii)	The term “Distributee” means a Participant or former Participant, the Participant’s or former Participant’s surviving spouse or former spouse who is
the Alternate Payee under a Qualified Domestic Relations Order, and a Participant’s or former Participant’s non-spouse Beneficiary (but solely in the case of a direct transfer to an individual retirement plan described in
Section 408(a) or (b) of the Code or a Roth IRA described in Section 408A of the Code established for the purpose of distribution). 

  
 42 

	 	(iii)	The term “Eligible Retirement Plan” shall mean an individual retirement account described in Section 408(a) of the Code, an individual retirement annuity
described in Section 408(b) of the Code, a Roth IRA described in Section 408A of the Code (for distributions made after December 31, 2007), an annuity plan described in Section 403(a) of the Code, an annuity contract described in
Section 408A of the Code (for distributions made after December 31, 2007), an annuity plan described in Section 403(a) of the Code, an annuity contract described in Section 403(b) of the Code, an eligible plan under
Section 457(b) of the Code that is maintained by a state, political subdivision of a state, or any agency or instrumentality of a state that agrees to separately account for amounts transferred into such plan from this Plan, or a qualified
trust described in Section 401(a) of the Code that accepts a Distributee’s Eligible Rollover Distribution. 

  

	 	(iv)	The term “Eligible Rollover Distribution” shall mean any distribution of all or any portion of the balance to the credit of the Distributee, except that an
Eligible Rollover Distribution does not include any distribution that is one of a series of substantially equal periodic payments (not less frequently than annually) made for the life (or life expectancy) of the Distributee or the joint lives (or
joint life expectancies) of the Distributee and the Distributee’s designated beneficiary, or for a period of ten years or more, any distribution to the extent such distribution is required under Section 401(a)(9) of the Code, and the
portion of any distribution that is not includible in gross income (determined without regard to the exclusion for net unrealized appreciation with respect to employer securities), and any other distribution that is reasonably expected to total less
than $200 during a year. A portion of a distribution shall not fail to be an Eligible Rollover Distribution merely because the portion consists of after-tax employee contributions that are not includible in gross income. However, such portion may be
transferred only to (A) an individual retirement account or annuity described in Section 408(a) or (b) of the Code; (B) for taxable years beginning after December 31, 2001 and before January 1, 2007, to a qualified
trust that is part of a defined contribution plan that agrees to separately account for amounts so transferred, including separately accounting for the portion of such distribution that is includible in gross income and the portion that is not so
includible; or (C) for taxable years beginning after December 31, 2006, to a qualified trust or an annuity contract described in Section 403(b) of the Code if such trust or contract provides for separate accounting for the portion of
such distribution that is includible in gross income and the portion that is not so includible. 

 (e) In the
event of a mandatory distribution in excess of $1,000 (including the portion of the Participant’s distribution attributable to any rollover contribution) made on or after March 28, 2005, if a Participant does not elect to have such
distribution paid directly to an Eligible Retirement Plan specified by the Participant in a Direct Rollover or to receive the distribution directly, then the Plan will pay the distribution in a Direct Rollover to an individual retirement plan
designated by the Committee. 

  
 43 

 7.6 Designation of Beneficiaries. A Participant who elects a form of benefit that
provides for continued payments after his death shall designate a Beneficiary to receive such payments, and may change such designation prior to the Benefit Commencement Date in accordance with Section 7.4 (subject to the right of the
Participant’s Spouse to consent to any change in accordance with Section 7.4(f) if the Spouse’s original consent did not specifically authorize the Participant to change Beneficiaries). In the case of a Qualified Joint and Survivor or
Contingent Annuitant Pension, the Beneficiary designation shall become irrevocable on the Benefit Commencement Date (even if the Beneficiary is the Participant’s spouse and they later divorce), and no further benefits shall be payable after the
death of the Participant and Beneficiary. No designation of a Beneficiary or change thereof shall be effective until it has been received by the Committee. The Committee shall be entitled to rely upon the last designation filed by the Participant
prior to his death. 
 7.7 Benefit Commencement Date. 

(a) The Benefit Commencement Date for each Participant shall be as set forth in the applicable provision of Article V, subject to
the provisions of paragraphs (b) and (c) below. 
 (b) Except as provided in Section 7.5
above and paragraph (c) below, unless the Participant consents to a later commencement date, the Benefit Commencement Date shall be not later than the 60th day after the close of the Plan Year in which the latest of the following events occurs: 

 

	 	(i)	 The Participant’s
65th birthday; or 

 

	 	(ii)	The termination of the Participant’s employment with the Employer. 

(c) Effective May 1, 1997, anything else contained herein to the contrary notwithstanding, in no event shall
distribution of a Participant’s Pension begin later than April 1 of the calendar year following the later of the calendar year in which the Participant attains age 70 1/2 or retires, or, in the case of a Participant who is a 5% owner (as described in paragraph (a)(i) of the definition of Highly Compensated Employee), April 1 of the calendar year following the
calendar year in which the Participant attains age 70 1/2. If commencement of a Participant’s Normal Retirement Pension is deferred until after April 1 of the calendar
year following the calendar year in which the Participant attains age 70 1/2, the amount of such Participant’s Normal Retirement Benefit shall not be less than the Actuarial Equivalent of his
Accrued Benefit as of such date, plus the Actuarial Equivalent of any additional accrued benefit after such date, reduced by the Actuarial Equivalent of any benefit payments made after such date. 

7.8 Employment after Normal Retirement Age. 
 (a) A Participant shall not receive a Pension for any calendar month, including the calendar month in which, or any calendar month following which, he satisfies the requirements for a Normal Retirement
Pension under Section 5.1, if during any such calendar month he completes at least 40 Hours of Service. 

  
 44 

 (b) Subject to Section 7.7(c), if a Participant who continues to be employed or is
re-employed by the Employer after he satisfies the requirements for a Normal Retirement Pension completes less than 40 Hours of Service during any calendar month, such Participant shall be considered retired and shall receive his Pension under the
Plan. Any employment by the Participant during any calendar month in which he receives Compensation for less than 40 Hours of Service shall not be considered as part of his period of Credited Service. 

(c) Upon the death of a Participant who continues his employment beyond the attainment of his Normal Retirement Age and who is not
considered retired in accordance with the provisions of this Section 7.8, the provisions of Sections 7.2 or 7.3 (as applicable) shall be operative, and the Pension payable thereunder shall commence as of the first day of the month
coincident with or immediately following the Participant’s death in the amount which would have been payable had the Participant retired on the day immediately preceding his death. 

(d) The Committee shall provide each Participant who either continues to be employed, or is re-employed, after attaining his Normal
Retirement Age with a written notice, which shall satisfy the requirements of Department of Labor Regulations Section 2530.203-3, that his continued employment will result in the suspension of his Pension pursuant to this Section 7.8.

 7.9 Retroactive Annuity Starting Date. In the event a Participant affirmatively elects for their benefits to commence
as of a Retroactive Annuity Starting Date, this Section 7.9 shall apply: 
 (a) Except as provided herein, the written
explanation described in Section 7.4(b) shall be provided to the Participant within no more than 180 days (90 days for Plan Years beginning before May 1, 2007) and no fewer than 30 days prior to the Date of Distribution based upon the
Participant’s election of a Retroactive Annuity Starting Date. Notwithstanding the foregoing, the Date of Distribution may occur more than 180 days (90 days for Plan Years beginning before May 1, 2007) after the date of the issuance of the
written explanation as a result of administrative delay. In the event distribution of the Participant’s benefit does not occur within the applicable period following the issuance of the written explanation for reasons other than administrative
delay, the Committee shall furnish the Participant with another written explanation. The Participant (with his spouse’s consent, if applicable) may, in writing, waive the requirement that benefits not be distributed fewer than 30 days after the
Participant’s receipt of the written explanation, in which case benefits will not be distributed in less than seven days after the written explanation is furnished. The Participant’s election to commence benefit receipt must be made after
the written explanation is provided, and on or before the date the first distribution is made. 
 (b) The Participant’s
spouse as of the Date of Distribution, including an alternate payee under the terms of a Qualified Domestic Relations Order, must consent to the Participant’s election of the Retroactive Annuity Starting Date. Spousal consent, however, is not
required in the event the survivor benefits that would be payable to the Participant’s spouse as of the Retroactive Annuity Starting Date are not less than the survivor benefits that would be payable to the Participant’s spouse in an
optional form of benefit that satisfies the Qualified Joint and Survivor Pension requirements as of a benefit commencement date which occurs subsequent 

  
 45 

 
to the date the written explanation is furnished. Additionally, spousal consent is not required if the Participant’s spouse as of the Retroactive Annuity Starting Date would not be the
Participant’s spouse as of the date benefits actually commence, unless otherwise required by the terms of a Qualified Domestic Relations Order. 
 (c) A Participant is not permitted to select a Retroactive Annuity Starting Date that precedes the date upon which the Participant could have otherwise started receiving benefits under the terms of
Section 7.1 hereof. A Participant shall be deemed to have elected a Retroactive Annuity Starting Date, and receive distributions subject to this Section 7.9, even if the Participant’s benefits hereunder are adjusted in order to comply
with Sections 417(e)(3) and 415 of the Code. 
 (d) Future periodic payments with respect to a Participant who elects a
Retroactive Annuity Starting Date shall be the same as the future periodic payments, if any, that would have been paid with respect to the Participant had payments actually commenced on the Retroactive Annuity Starting Date. Each Participant to whom
this Section 7.9 applies shall be paid make-up payments to reflect any missed payment or payments for the period from the Retroactive Annuity Starting Date to the date of the actual make-up payment (with the appropriate adjustment for interest
from the date of the actual make-up payment). Said payments shall comply, in all respects, with the requirements of Sections 417(e)(3) and 415 of the Code, with the applicable interest rate and applicable mortality table determined as of that date.
Distributions hereunder consisting of make-up payments under this paragraph (d) shall not constitute “eligible rollover distributions” within the meaning of Section 401(a)(31) of the Code. 

(e) Distributions (including interest adjustments) made hereunder as of a Retroactive Annuity Starting Date are intended to satisfy the
annual benefit limitation of Section 415 of the Code in accordance with this Section 7.9(e). Distributions under this Section 7.9 shall satisfy the annual benefit limitation of Section 415 of the Code as of the Date of
Distribution, for all purposes, including for purposes of determining the applicable interest rate and the applicable mortality table. In the event the Participant’s benefit would have been exempt from the present value requirements of
Section 417(e)(3) of the Code if the benefit commenced on the Retroactive Annuity Starting Date, the annual benefit limitation of Section 415 of the Code shall not be applied as of the Date of Distribution, if such date is 12 months or
less from the Retroactive Annuity Staring Date. Instead, the annual benefit limitation of Section 415 of the Code shall be applied as of the Retroactive Annuity Starting Date. 

(f) In the event the Participant’s benefit would have been subject to the present value requirements of Section 417(e)(3) of
the Code had distributions commenced on the Retroactive Annuity Starting Date, the Participant’s benefit entitlement shall not be less than the benefit produced by applying the applicable interest rate and the applicable mortality table
determined as of the Date of Distribution, to the forms of benefit under this Article VII that corresponds to the benefit that was used to determine the Participant’s benefit entitlement as of the Retroactive Annuity Starting Date. 

(g) The purpose of this Section 7.9 is to conform the requirements governing Retroactive Annuity Starting Dates as set forth in
Treasury Regulations Section 1.417(e)-1, as now in effect or as hereunder amended. To the extent this Section 7.9 is inconsistent with said regulations, Treasury Regulations Section 1.417(e)-1 shall govern and control. 

  
 46 

 7.10 Required Minimum Distributions. Notwithstanding any other provisions of the
Plan, the following will apply as of January 1, 2003, and to the extent of any conflict with existing provisions of the Plan, the following shall supersede the existing provisions. 

(a) Death of Participant before Distributions Begin. If the Participant dies before distributions begin, the Participant’s entire
interest will be distributed, or begin to be distributed, no later than as follows: 
  

	 	(i)	 If the Participant’s surviving spouse is the Participant’s sole designated beneficiary, then distributions to the surviving spouse will begin
by December 31 of the calendar year immediately following the calendar year in which the Participant died, or by December 31 of the calendar year in which the Participant would have attained age 70 1/2, if later. 

  

	 	(ii)	If the Participant’s surviving spouse is not the Participant’s sole designated beneficiary, then distributions to the designated beneficiary will begin by
December 31 of the calendar year immediately following the calendar year in which the Participant died. 

  

	 	(iii)	If there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, the Participant’s entire interest
will be distributed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 

  

	 	(iv)	If the Participant’s surviving spouse is the Participant’s sole designated beneficiary and the surviving spouse dies after the Participant but before
distributions to the surviving spouse begin, this paragraph (a), other than subparagraph (a)(i), will apply as if the surviving spouse were the Participant. 

 (b) Form of Distribution. Unless the Participant’s interest is distributed in the form of a lump-sum payment on or before the required beginning date referenced in Section 7.7(c), as of the
first Distribution Calendar Year, distributions will be made in accordance with paragraphs (c), (d), (e), (f), (g), (h) and (i) hereof. If the Participant’s interest is distributed in the form of an annuity purchased from an insurance
company, distributions thereunder will be made in accordance with the requirements of Section 401(a)(9) of the Code and the Treasury Regulations. 
 (c) Payment in the Form of an Annuity. If the Participant’s interest is paid in the form of annuity distributions under the Plan, payments under the annuity shall satisfy the following requirements:

  

	 	(i)	The annuity distributions will be paid in periodic payments made at intervals not longer than one year. 

  
 47 

	 	(ii)	The distribution period will be over a life (or lives) or over a period certain not longer than the period described in paragraphs (d), (e), (f), (g), (h) and
(i) hereof. 

  

	 	(iii)	Once payments have begun over a period certain, the period certain will not be changed even if the period certain is shorter than the maximum permitted.

  

	 	(iv)	Payments will either be nonincreasing or increase only as follows: 

  

	 	(A)	By an annual percentage increase that does not exceed the annual percentage increase in a cost-of-living index that is based on prices of all items and issued by the
Bureau of Labor Statistics; 

  

	 	(B)	To the extent of the reduction in the amount of the Participant’s payments to provide for a survivor benefit upon death, but only if the beneficiary whose life was
being used to determine the distribution period described in paragraph (f) dies or is no longer the Participant’s beneficiary pursuant to a Qualified Domestic Relations Order; or 

 

	 	(C)	To pay increased benefits that result from a Plan amendment. 

 (d) The amount that must be distributed on or before the Participant’s required beginning date (or, if the Participant dies before distributions begin, the date distributions are required to begin
under paragraph (a)) is the payment that is required for one payment interval. The second payment need not be made until the end of the next payment interval even if that payment interval ends in the next calendar year. Payment intervals are the
periods for which payments are received, e.g., bi-monthly, monthly, semi-annually, or annually. All of the Participant’s benefit accruals as of the last day of the first Distribution Calendar Year will be included in the calculation of the
amount of the annuity payments for payment intervals ending on or after the Participant’s required beginning date. 
 (e)
Additional Accruals after First Distribution Year. Any additional benefits accruing to the Participant in a calendar year after the first Distribution Calendar Year will be distributed beginning with the first payment interval ending in the calendar
year immediately following the calendar year in which such amount accrues. 
 (f) This paragraph (f) shall govern the
requirements for annuity distributions that commence during the Participant’s lifetime. 
  

	 	(i)	 If the Participant’s interest is being distributed in the form of a Qualified Joint and Survivor Pension for the joint lives of the Participant
and a nonspouse beneficiary, annuity payments to be made on or after the Participant’s required beginning date to the designated beneficiary after the Participant’s death must not at any time exceed the applicable percentage of the annuity
payment for such period that would have been payable to the Participant using the table set forth in Treasury Regulations 

  
 48 

	 	
Section 1.401(a)(9)-6T, Q&A-2. If the form of distribution combines a Qualified Joint and Survivor Pension for the joint lives of the Participant and a nonspouse beneficiary and a period
certain annuity, the requirement in the preceding sentence will apply to annuity payments to be made to the designated beneficiary after the expiration of the period certain. 

 

	 	(ii)	Unless the Participant’s spouse is the sole designated beneficiary and the form of distribution is a period certain and no life annuity, the period certain for an
annuity distribution commencing during the Participant’s lifetime may not exceed the applicable distribution period for the Participant under the Uniform Lifetime Table set forth in Treasury Regulations Section 1.401(a)(9)-9 for the
calendar year that contains the annuity starting date. If the annuity starting date precedes the year in which the Participant reaches age 70, the applicable distribution period for the Participant is the distribution period for age 70 under the
Uniform Lifetime Table set forth in Treasury Regulations Section l.401(a)(9)-9 plus the excess of 70 over the age of the Participant as of the Participant’s birthday in the year that contains the annuity starting date. If the Participant’s
spouse is the Participant’s sole designated beneficiary and the form of distribution is a period certain and not life annuity, the period certain may not exceed the longer of the Participant’s applicable distribution period, as determined
under this paragraph (f)(ii), or the joint life and last survivor expectancy of the Participant and the Participant’s spouse as determined under the Joint and Last Survivor Table set forth in a Treasury Regulations Section 1.401(a)(9)-9,
using the Participant’s and spouse’s attained ages as of the Participant’s and spouse’s birthdays in the calendar year that contains the annuity starting date. 

(g) If the Participant dies before the date distribution of his or her interest begins and there is a designated beneficiary, the
Participant’s entire interest will be distributed, beginning no later than the time described in paragraphs (a)(i) or (a)(ii) over the life of the designated beneficiary or over a period certain not exceeding: 

 

	 	(i)	Unless the annuity starting date is before the first Distribution Calendar Year, the life expectancy of the designated beneficiary determined using the
beneficiary’s age as of the beneficiary’s birthday in the calendar year immediately following the calendar year of the Participant’s death; or 

 

	 	(ii)	If the annuity starting date is before the first Distribution Calendar Year, the life expectancy of the designated beneficiary determined using the beneficiary’s
age as of the beneficiary’s birthday in the calendar year that contains the annuity starting date. 

 (h) If
the Participant dies before the date distributions begin and there is no designated beneficiary as of September 30 of the year following the year of the Participant’s death, distribution of the Participant’s entire interest will be
completed by December 31 of the calendar year containing the fifth anniversary of the Participant’s death. 
 (i) If
the Participant dies before the date distribution of his or her interest begins, the Participant’s surviving spouse is the Participant’s sole designated beneficiary, and the surviving spouse dies before distributions to the surviving
spouse begin, paragraphs (g), (h) and (i) will apply as if the surviving spouse were the Participant, except that the time by which distributions must begin will be determined without regard to paragraph (a)(i). 

  
 49 

 ARTICLE VIII 
 APPLICATION FOR BENEFITS, CLAIMS PROCEDURE 
 AND GENERAL
PROVISIONS 
 8.1 Advance Written Applications Required. An application for the commencement of a Pension must be
made in writing on a form and in a manner prescribed by the Committee, and must be submitted to the Committee in care of the Personnel Department of the Employer by a Participant or Beneficiary, or authorized representative acting on his behalf (the
“claimant”). A claimant’s benefits shall, subject to the applicable provision of Article V and the provisions of Section 7.7, commence: 
 (a) Except as provided in paragraph (b) below, on the first day of the month which follows his eligibility for a Pension and which is at least one month after the date on which he filed his
application. 
 (b) If the day determined in paragraph (a) above is more than two months after the close of the Plan Year
in which he attained his Normal Retirement Age and more than two months after the close of the Plan Year in which he was last employed by the Employer, the Company or any Related Company, his benefits shall commence on the first day of the third
month after the close of such Plan Year. 
 Anything to the contrary notwithstanding, when the Employer terminates the employment of a
Participant, the application requirement shall be waived when the effective date of such termination is less than 60 days prior to the effective date of Retirement. 
 8.2 Information Required. The claimant shall furnish the Committee with any information or proof requested by it and reasonably required to administer the Plan. The Committee shall be the sole
judge of the standard of proof required in any case. No application shall be considered complete until such information or proof requested by the Committee is submitted. 
 8.3 Denial of Benefits. In the event that any application for benefits is denied, in whole or in part, the Committee shall notify the claimant in writing of such denial and of his right to a review
by the Committee and shall set forth, in a manner calculated to be understood by the claimant, the specific reasons for such denial, specific references to pertinent Plan provisions on which the denial is based, a description of any additional
material or information necessary for the claimant to perfect his application, an explanation of why such information is necessary and an explanation of the Plan’s review procedure and the method of appeal as set forth in Section 8.4. Such
notice shall be furnished not more than 90 days after the claim is filed, unless special circumstances require an extension of such period for not more than an additional 90 days and the applicant is notified of such extension by the end of the
original 90-day period. 
 8.4 Review Procedure. A claimant who has received notice that his application has been denied
may, within 60 days of receipt of such notice, secure review by written request addressed to the Committee in care of the Personnel Department of the Employer. In connection with such an appeal for a review, the claimant shall have the right to
information available to the 

  
 50 

 
Committee which may be relevant to his appeal and may submit arguments or comments in writing. The Committee shall render a decision as soon as possible and within 60 days after the request for a
review unless special circumstances, such as the need to hold a hearing, require an extension of up to an additional 60 days; provided, however, that if the Committee (or a subcommittee designated to resolve such appeals) holds regularly scheduled
meetings at least quarterly, the decision shall be made not later than the next meeting of the Committee or subcommittee held at least 30 days after the appeal is received or, if special circumstances require, the next meeting following such
meeting. The decision shall be by the full Committee, or by a subcommittee for the full Committee or any fiduciary named for that purpose by a standing resolution of the Committee delegating such review authority, and shall be submitted to the
claimant in writing and shall include the specific reason or reasons for the decision and the specific references to the provisions of the Plan on which the decision is based, and such decision shall be final and binding on the claimant. 

8.5 Responsibility for Correctness of Address. Neither the Committee nor the Employer shall be required to determine, or to make
an investigation to determine, the identity or mailing address of any Participant, and the Committee shall have discharged its obligation when it shall have sent checks and other papers by registered or certified mail to such Participant at such
address as may be designated to it by such Participant or, if he makes no such designation, at his last address on the records of the Employer. 
 8.6 Payments for Incompetents. In the case of incompetency, either mental or physical, of any Participant or Beneficiary, payments shall be made to the court-appointed guardian of such person who
has satisfied the Committee that he or it is caring for said Participant or Beneficiary, and any such payments shall be a complete discharge of the liabilities under the Plan. 
 8.7 Non-Alienation of Benefits. 
 (a) Except with respect to Federal income
taxes, effective January 1, 1998, certain judgments or settlements in accordance with Section 401(a)(13)(C) of the Code, or for payments pursuant to a Qualified Domestic Relations Order in accordance with paragraph (b), no benefit
payable at any time under the Plan shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, attachment, charge, garnishment, levy or encumbrance of any kind, voluntary or involuntary, and any attempt to
encumber such benefit in any way whatsoever shall be void. No benefit shall be subject in any manner to the debts or liabilities of any person to whom the benefit is or shall be payable. 

(b) Upon receiving any order, judgment or decree which may be a Qualified Domestic Relations Order, the Committee shall promptly notify
the Participant involved and any Alternate Payee of the receipt of the order and of the Plan’s procedure for determining whether the order is a Qualified Domestic Relations Order, and shall proceed to determine whether the order is a Qualified
Domestic Relations Order. During the period during which it is being determined whether such order is a Qualified Domestic Relations Order, any payments which would, under such order, be payable to an Alternate Payee, shall be placed in a separate
account in the Trust. If, within 18 months after the day on which payments pursuant to such order would be required to begin, the Committee determines that such order is a Qualified Domestic 

  
 51 

 
Relations Order, the amount of such separate account, with any earnings thereon, shall be paid to the Alternate Payee as provided in such order. If the status of such order has not been
established within such 18-month period, or if it is determined that the order is not a Qualified Domestic Relations Order, the amount of such separate account shall be paid to the Participant, or, if it would not otherwise have been payable
currently, shall be restored to the Participant’s Accrued Benefit. Any determination made after the end of such 18-month period shall be applied prospectively only. 

  
 52 

 ARTICLE IX 
 ADMINISTRATIVE COMMITTEE AND PLAN ADMINISTRATOR 
 9.1 Appointment
of Committee. 
 (a) The Board may appoint an Administrative Committee consisting such number of persons as designated by
the Board (which shall not be less than one) who shall serve at the pleasure of the Board. The Committee shall appoint one of its members to act as its Chairman and one of its members to act as its Secretary and who shall keep minutes of the
Committee’s proceedings. The Committee may act by a majority of its appointed members, and such action may be taken from time to time by a vote at a meeting or in writing without a meeting. The Committee may authorize any one of its members or
its Secretary to execute any document on its behalf. 
 (b) In the event that the Board fails to appoint an Administrative
Committee pursuant to Section 9.1(a) or in the event that the Board has terminated such appointment, and has failed to appoint a successor Administrative Committee, then until such time, if ever, as the Board appoints such an Administrative
Committee, the Plan Administrator shall have the same powers and duties under the Plan as the Committee, and all references in this Plan to the Committee shall be deemed to refer to the Plan Administrator. In such event, the powers of the Committee
may be exercised by the President of the Employer or such person as he may designate or, in the absence of such designation, by the officers and management employees of the Employer generally responsible for matters involving personnel and employee
benefits. 
 9.2 Committee Actions. The Committee may adopt such by-laws, rules and regulations as it deems necessary,
desirable or appropriate for the conduct of its affairs. All rules and decisions of the Committee shall be uniformly and consistently applied to all Participants and Beneficiaries in similar circumstances. When making a determination, the Committee
shall be entitled to rely upon information furnished by a Participant or Beneficiary, the Employer, the legal counsel of the Employer or the Trustee, and shall have no duty or responsibility to verify such information. 

9.3 Resignation or Removal of Committee Member. 
 (a) Any member of the Committee may resign from office at any time by notifying the Employer and the other members of the Committee in writing, at least ten days in advance, of such resignation; provided,
however, that such notice may, at the option of the parties, be waived. 
 (b) Any member of the Committee may be removed from
office by the Employer at any time, with or without cause. Such removal shall be effectuated by the tendering to such member and the other members of the Committee of a written notice of removal, to take effect on the date specified therein;
provided, however, that such notice may, at the option of the parties, be waived. 
 (c) Upon such resignation or removal of a
member of the Committee, or upon his death, the Board shall promptly appoint a successor member of the Committee, and shall give 

  
 53 

 
prompt written notice thereof to the other members of the Committee. In the event of the failure of the Board to appoint such successor by the effective date of such resignation or removal, or
within ten days after such death, the remaining members of the Committee may appoint such successor. 
 (d) Each successor
member of the Committee shall have all the powers, duties, responsibilities and obligations conferred by the Plan as if originally named to the Committee. No successor member of the Committee shall be personally liable for any act or failure to act
of his predecessor or shall have any duty to review the actions of his predecessor. 
 9.4 Powers and Duties of
Committee. The Committee shall be the named fiduciary of the Plan under ERISA and, in such capacity, shall have the responsibility for, and the authority to manage the operation and administration of, the Plan. The Committee shall have all
powers and duties which are reasonably necessary to carry out its responsibilities under the Plan, including but not limited to the power to: 
 (a) employ investment managers and advisors, accountants, legal counsel, consultants and actuaries and any other person or organization it feels necessary or proper to assist it in the performance of its
duties under the Plan, and all reasonable expenses therefor shall be paid as provided in Section 10.6; 
 (b) administer
and construe the Plan, and correct any defects or supply any omission or reconcile any inconsistency in such manner and to such extent as it shall deem expedient to carry out the purpose of the Plan; provided, however, that a member of the Committee
shall not individually act on any matter relating to himself; 
 (c) communicate its decisions and directions to the Trustee, a
Participant, the Employer or to any other person or organization who is to receive such decision or direction, which may be relied upon by its recipient as being the binding decision of the Committee; 

(d) allocate or delegate, among the members of the Committee or to any other person, any fiduciary responsibility (other than trustee
responsibilities) with respect to the Plan; 
 (e) determine the amount of and eligibility for benefits under the Plan;
provided, however, that all such determinations shall be made on a uniform and non-discriminatory basis; and 
 (f) establish
rules, regulations and procedures for the administration of the Plan. To the extent consistent with applicable provisions of ERISA and the Code, such rules, regulations and procedures may alter any provision of the Plan that is administrative or
procedural in nature (including any provision that specifies the time for performing any act), and any such rule, regulation or procedure shall be deemed incorporated into the Plan without the necessity of an amendment. 

All determinations and interpretations of the Plan by the Committee, and all rules, regulations, and procedures adopted by the Committee, which are
consistent with the fiduciary requirements of ERISA shall be final and binding on all Participants, Beneficiaries and other persons claiming any interest in the Plan. 

  
 54 

 9.5 Discharge of Fiduciary Responsibilities. Each member of the Committee, and any
other fiduciary under the Plan, shall discharge his duties and responsibilities with respect to the Plan: 
 (a) solely in the
interest of the Participants and Beneficiaries, for the exclusive purpose of providing benefits to the Participants and Beneficiaries and defraying reasonable expenses of administering the Plan; 

(b) with the care, skill, prudence, and diligence under the circumstances then prevailing that a prudent man acting in a like capacity
and familiar with such matters would use in the conduct of an enterprise of a like character and with like aims; 
 (c) by
diversifying the investments of the Plan so as to minimize the risk of large losses, unless under the circumstances it is prudent not to do so; and 
 (d) in accordance with the documents and instruments governing the Plan insofar as such documents and instruments are consistent with the applicable provisions of ERISA. 

9.6 Records Required. To put into effect the purposes of the Plan, the Committee shall cause to be maintained by the Employer a
record of the Compensation applicable to each Participant, the Beneficiaries designated by each Participant, the Participant’s years of Credited Service, and such other records as may be required for the efficient administration of the Plan.

 9.7 Indemnification. The Employer shall indemnify and save harmless the Committee, each member of the Committee, and
any officer or employee of the Employer exercising any of the powers of the Plan Administrator from and against any and all loss resulting from any liability to which such person may be subjected by reason of any act or conduct (except willful
misconduct or gross negligence) in their official capacities in the administration of the Plan, including all expenses reasonably incurred in their defense if the Employer fails to provide such defense. 

9.8 Liability of Committee. The Employer shall reimburse the Committee for any bond or other security required by law. The
Employer agrees, to the extent permitted by law, that it shall pay any insurance premium as directed by the Committee or (in default of a direction by the Committee) shall reimburse any member of the Committee for any insurance policy procured by
the Committee (or a member) insuring any member of the Committee and any of its agents with respect to any liability which may be imposed by reason of any act or failure to act in carrying out the fiduciary obligations imposed upon any of them.

 9.9 Plan Administrator. 
 (a) The Employer, or such person as the Company shall designate pursuant to paragraph (b), shall serve as the Administrator of the Plan. The Administrator shall be the “plan administrator”
as defined in Section 414(g) of the Code, and the “administrator” as defined in Section 3(16)(A) of ERISA. The Administrator shall have the duty to file such plan descriptions and annual reports as may be required by ERISA or
similar legislation and shall be designated to accept service of legal process and any other notices for the Plan. 
 (b) The
Company shall have the authority to appoint another corporation or one or more persons to serve as the Administrator hereunder, in which event such corporation or person (or persons) shall exercise all of the powers, duties, responsibilities and
obligations of the Administrator hereunder. 

  
 55 

 ARTICLE X 
 CONTRIBUTIONS AND FUNDING 
 10.1 General. 

(a) The Trustee shall hold, invest and distribute the assets of the Trust Fund and shall serve at the pleasure of the Board. All
contributions made by the Employer under the Plan shall be paid to the Trustee. 
 (b) All Employer contributions made under the
Plan are expressly conditional upon the qualification of the Plan under Section 401(a) of the Code and upon the deductibility of the contribution under Section 404 of the Code in the Plan Year for which such contribution is made and any
amount which subsequently determined to be non-deductible in such Plan Year, or which is otherwise based on a good faith mistake of fact, shall be returned to the Employer in accordance with Section 13.1. 

10.2 Amount of Contributions. The Employer shall make contributions to the Trust Fund in such amounts and at such times as shall
be determined by the Board in accordance with a funding method and policy to be established by the Employer which shall be consistent with the Plan’s objectives and in full compliance with the minimum funding requirements imposed under Title I
of ERISA. 
 10.3 Payment of Contributions. The Employer’s contribution shall be paid to the Trustee in cash.

 10.4 Time for Payment. Except to the extent that quarterly or more frequent contributions are
required by Section 412 of the Code, all contributions made by the Employer shall be delivered to the Trustee not later than the earlier of (a) the date prescribed by law (including any extensions thereof) for the filing of the
Employer’s federal income tax return for the Plan Year for which such contribution is made or
(b) 2 1/2 months after the end of the Plan Year, plus any extensions granted by the Internal Revenue Service under Section 412(c)(10) of the Code. 

10.5 Forfeitures. Amounts which are forfeited by a Participant because of termination of employment before becoming eligible for a
Pension shall be used to reduce the Employer’s contribution to the Trust Fund as provided in Section 10.1, and shall not be applied to increase the benefits otherwise payable under the Plan to the remaining Participants. 

10.6 Payment of Benefits and Expenses. The Trust Fund shall be used to pay benefits as and to the extent provided in the Plan. The
Employer shall not have any obligation to make or continue from its own funds any Pension or other payment provided for in the Plan. Unless the Employer pays the expenses of the Plan directly, they shall be paid from the Trust Fund. 

10.7 Participant Contributions. Participants are not required or permitted to make any contributions under the Plan. 

  
 56 

 ARTICLE XI 
 EMPLOYEE RIGHTS 
 11.1 Benefits of Participants and
Beneficiaries. Every Participant and Beneficiary receiving benefits under the Plan shall be entitled to receive, on a regular basis, a written account of his personal benefit status and of the relevant terms of the Plan which provides these
benefits. 
 11.2 Protection from Reprisal. No Participant or Beneficiary may be discharged, fined, suspended, expelled,
disciplined, or otherwise discriminated against for exercising any right to which he is entitled or for cooperating with any inquiry or investigation under the provisions of the Plan or any governing law or regulations, including ERISA. No person
shall, directly or indirectly, through the use or threatened use of fraud, force or violence, restrain, coerce or intimidate any Participant or Beneficiary for the purpose of interfering with or preventing the exercise of or enforcement of any
right, remedy or claim to which he is entitled under the terms of the Plan or any governing law or regulations, including ERISA. 
 11.3 Non-Guarantee of Employment. Participation in the Plan shall not grant any Participant the right to be retained in the service of the Employer nor form a part of any employment agreement nor
grant any other rights or interest in the Plan assets other than those specifically set forth herein, nor shall it be construed as giving any Participant any equity or other interest in the assets, business or affairs of the Employer. 

11.4 Nonforfeitability of Benefits. Subject only to the specific provisions of the Plan, nothing shall be deemed to divest a
Participant during his lifetime of his right to the nonforfeitable benefit to which he becomes entitled in accordance with the provisions of the Plan. 
 11.5 No Decrease in Benefits. In the case of a Participant or Beneficiary who is receiving benefits under the Plan, or a Participant who is separated from service and who has nonforfeitable rights
to benefits, such benefits shall not be decreased by reason of any increase in the benefit levels payable under Title II of the Social Security Act or any increase in the wage base under such Title II, if such increase takes place after
the earlier of the date of first receipt of such benefits or the date of such separation. 

  
 57 

 ARTICLE XII 
 AMENDMENT AND TERMINATION 
 12.1 Permanency. Although it is
the expectation of the Employer that the Plan and the payment of contributions hereunder shall be continued indefinitely, the continuance of the Plan is not assumed as a contractual obligation of the Employer. The Plan may be amended or terminated
only as provided in this Article XII. 
 12.2 Amendments. 

(a) The Employer reserves the right to amend the Plan from time to time by action of the Board or any person to whom the Board may
delegate such right, and to modify or cancel any such amendments. Any amendments shall be as set forth in an instrument in writing executed by the Employer. 
 (b) No amendment to this Plan shall: 
  

	 	(i)	Cause any of the assets of the Trust Fund to be used for or diverted to purposes other than for the exclusive benefit of Participants and their Beneficiaries, except as
provided in Article XIII; 

  

	 	(ii)	Except as permitted by Section 411(d)(6) of the Code or Treasury Regulations issued thereunder, have any retroactive effect so as to deprive any Participant or
Beneficiary of any benefit already accrued or eliminate or reduce any early retirement benefit or retirement-type subsidy or eliminate any optional form of benefit with respect to a Participant’s Accrued Benefit; provided, that a
Participant’s Accrued Benefit, early retirement benefit, retirement-type subsidy or optional form of benefit may be reduced to the extent permitted under Section 412(c)(8) of the Code (for Plan Years beginning before January 1, 2008)
or Section 412(d)(2) of the Code (for Plan Years beginning after December 31, 2007), or to the extent permitted under Treasury Regulations Sections 1.411(d)-3 and 1.411(d)-4; 

 

	 	(iii)	Create or effect any discrimination in favor of Participants who are highly compensated or who are officers of the Employer; or 

 

	 	(iv)	Affect the rights, responsibilities or duties of the Trustee without first obtaining the Trustee’s written consent thereto. 

12.3 Permanent Discontinuance of Contributions. The permanent discontinuance of contributions by the Employer shall not be deemed
to be a complete or partial termination of the Plan or operate to accelerate any payments or distributions to or for the benefit of the Participants. The Trustee shall continue to administer the Trust in accordance with the provisions thereof.

  
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 12.4 Termination. In accordance with the procedures set forth in this
Article XII, the Employer may terminate the Plan at any time. In the event of the dissolution, merger, consolidation or reorganization of the Employer, the Plan shall terminate and the Trust Fund shall be liquidated unless the Plan is continued
by a successor to the Employer, in which event provision may be made by the successor for continuing the Plan and, in that event, the successor shall be automatically substituted for the Employer under the Plan. In the event that the Employer is
judicially declared to be bankrupt or insolvent, the Plan shall be terminated. Subject to the applicable requirements, if any, of ERISA governing the termination of employee pension benefit plans (as defined in ERISA), the Employer shall direct and
require the Trustee to liquidate the Trust Fund, or the applicable portion thereof, in accordance with the provisions of this Article XII. 
 12.5 Partial Termination. Upon termination of the Plan with respect to a group of Participants which constitutes a partial termination of the Plan the Employer shall cause the proportionate
interest of the Participants affected by such partial termination to be determined. The determination of such proportionate interest shall be done in an equitable manner, considering the remaining Participants as well as the Participants affected by
the termination, and on the basis of the contributions made by the Employer, the provisions of this Article XII and other appropriate considerations. After such proportionate interest has been determined, the Trustee shall allocate and
segregate the assets of the Trust Fund according to such proportionate interest. Neither the Trustee nor the Committee shall have any responsibility with respect to the determination of any such proportionate interest. The assets of the Trust Fund
so allocated and segregated shall be used by the Trustee to pay benefits to or on behalf of Participants in accordance with the provisions of Sections 12.6 and 12.7. 
 12.6 Liquidation of Trust Fund. Upon the termination of the Plan, or upon the termination of employment by a group of Participants which constitutes a partial termination of the Plan, the Accrued
Benefit of each Participant affected by the termination shall, as of the date of termination, become fully vested and nonforfeitable to the extent funded, but such Participants’ recourse toward satisfaction of the right thereto shall be limited
to the assets of the Trust Fund or the portion thereof segregated in accordance with Section 12.5. The assets of the Trust Fund, or the portion thereof segregated in accordance with Section 12.5 above, shall be liquidated (after provision
is made for the expenses of liquidation) and shall be allocated by the Committee among the affected Participants (and their Beneficiaries) in the following order of priority: 
 (a) First, in the case of benefits payable as a Pension: 
  

	 	(i)	In the case of a Pension which was in pay status as of the beginning of the three-year period ending on the termination of the Plan, to each such Pension, based on the
provisions of the Plan (as in effect during the five-year period ending on such date) under which such Pension would be the least; or 

  

	 	(ii)	 In the case of a Pension which would have been in pay status as of the beginning of such three-year period if the Participant had retired prior to the
beginning of the three-year period and if his Pension had commenced 

  
 59 

	 	
(in the standard form of a Pension under the Plan) as of the beginning of such period, to each such benefit based on the provisions of the Plan (as in effect during the five-year period ending on
such date) under which the Pension would be the least. 

  

	 	(iii)	For purposes of this first priority, the lowest Pension in pay status during the three-year period shall be considered the Pension in pay status for such period.

 (b) Second: 
  

	 	(i)	To all other benefits (if any) of individuals under the Plan guaranteed under Title IV of ERISA (determined without regard to the limitation in the amount of
monthly benefits computed by multiplying $750 by a fraction, the numerator of which is the contribution and benefit base pursuant to Section 230 of the Social Security Act at the time the Plan terminates and the denominator of which is such
contribution and benefit base in effect in calendar year 1974); and 

  

	 	(ii)	To the additional benefits (if any) which would be determined under paragraph (a) above, if the restrictions on benefits with respect to a Participant who owns,
directly on indirectly, more than 10% in value of either the voting stock of the Employer did not apply. 

 (c)
Third, to all other nonforfeitable benefits under the Plan. 
 (d) Fourth, to all other benefits under the Plan.

 12.7 Allocation Procedures. For purposes of Section 12.6 above: 

(a) The amount allocated under any paragraph of Section 12.6 with respect to any benefit shall be properly adjusted for any
allocation of assets with respect to that benefit under a prior paragraph of such Section 12.6. 
 (b) If the assets
available for allocation under any paragraph of Section 12.6 (other than paragraphs (c) and (d)) are insufficient to satisfy in full the benefits of all individuals which are described in that paragraph, the assets shall be allocated pro
rata among such individuals on the basis of the actuarial present value (as of the termination date) of the respective benefits described in that paragraph. 
 (c) This paragraph (c) applies if the assets available for allocation under Section 12.6(c) are not sufficient to satisfy in full the benefits of individuals described therein. 

 

	 	(i)	If this subparagraph applies, except as provided in subparagraph (2) below, the assets shall be allocated to the benefits of individuals described in
Section 12.6(c) on the basis of the benefits of individuals which would have been described in such Section 12.6(c) under the Plan as in effect at the beginning of the five-year period ending on the date of Plan termination.

  

	 	(ii)	If the assets available for allocation under subparagraph (i) above are sufficient to satisfy in full the benefits described in such subparagraph (without regard
to this subparagraph), then for purposes of subparagraph (i) the benefits of individuals described in such subparagraph shall be determined on the basis of the Plan as amended by the most recent Plan amendment effective during such five-year
period under which the assets available for allocation are sufficient to satisfy in full the benefits of individuals described in subparagraph (i), and any assets remaining shall be allocated under subparagraph (i) on the basis of the Plan
as amended by the next succeeding Plan amendment effective during such five-year period. 

  
 60 

 (d) If the Secretary of the Treasury (or his delegate) determines that any allocation made
pursuant to this Section 12.7 (without regard to this paragraph) results in discrimination prohibited by Section 401(a)(4) of the Code, then, if required to prevent the disqualification of the Plan (or the Trust Fund) under the Code, the
assets allocated under Sections 12.6(b)(2), 12.6(c) and 12.6(d) shall be reallocated to the extent necessary to avoid such discrimination. 
 (e) If the assets allocable pursuant to this Section 12.7 shall prove to be insufficient to provide the benefits specified for all members of a group within a particular level of priority specified
therein, then the assets allocable to the members of that group within the particular priorities shall be allocated among members in that group in the following order: 
  

	 	(i)	First, to provide benefits for Participants who have retired and to provide benefits to Beneficiaries of Participants who have died. 

 

	 	(ii)	Second, to provide benefits for all Participants who have attained their Normal Retirement Age but have not yet retired. 

 

	 	(iii)	Third, to provide benefits for all Participants not included above who would have qualified for an Early Retirement Pension on the date of the termination of the
Plan. 

  

	 	(iv)	Fourth, to provide benefits for all other Participants. 

 (f) Except as may be otherwise required by the Pension Benefit Guaranty Corporation, Pensions payable to any Participant or Beneficiary described in Sections 12.6(a) and 12.6(b) above shall continue
to be paid or shall become payable on the first day of the month following the allocation of Plan assets, and all other Pensions shall be payable on the Participant’s Normal Retirement Age. 

(g) If, after a diligent search, the Committee is unable to locate any Participant or Beneficiary entitled to benefits under the Plan, an
amount equal to the designated benefit, as defined in Section 4050 of ERISA, shall be transferred to the Pension Benefit Guaranty Corporation in accordance with said Section 4050, which shall fully discharge all liability of the Plan with
respect to such Participant or Beneficiary. 

  
 61 

 12.8 Distribution Procedures. 

(a) The Plan’s actuary shall calculate the allocation of assets of the Trust Fund in accordance with the above priority categories
and shall certify his calculations to the Employer, the Trustee and the Committee. 
 (b) The provisions of Section 12.6
and 12.7 are intended to comply with the provisions of ERISA. If there is any discrepancy between Sections 12.6 and 12.7 and the provisions of ERISA, such discrepancy shall be resolved in such a way as to comply with ERISA. 

(c) Anything to the contrary notwithstanding, no liquidation of assets and payment of benefits (or provision therefor) shall actually be
made by the Trustee until after it is advised by the Employer in writing that the applicable requirements, if any, of ERISA governing the termination of employee pension benefit plans have been, or are being complied with, or that appropriate
authorizations, waivers, exemptions or variances have been, or are being, obtained. 
 (d) Effective as of the date established
in regulations issued under Section 4050 of ERISA, if the Committee is unable after a diligent effort to locate any Participant entitled to receive benefits under the Plan, the Trustee shall transfer the applicable amount determined under
Section 4050 of ERISA to the Pension Benefit Guaranty Corporation, which shall fully discharge all liability of the Plan with respect to such Participant. 
 12.9 Residual Amounts. In no event shall the Employer receive any amounts from the Trust Fund upon termination of the Plan other than as permitted by Article XIII, except that, and
notwithstanding any other provision of the Plan, the Employer shall receive such amounts, if any, as may remain after the satisfaction of all liabilities of the Plan and arising out of any variations between actual requirements and expected
actuarial requirements. 
 12.10 Merger, Consolidation or Transfer of Assets or Liabilities. In the case of a merger,
consolidation or transfer of assets or liabilities to any other qualified employee plan, each Participant in the Plan shall (if the Plan had then terminated) receive a benefit immediately after such merger, consolidation or transfer of assets or
liabilities which is equal to or greater than the benefit that the Participant would have been entitled to receive immediately before the merger, consolidation or transfer of assets or liabilities (if the Plan had then terminated). 

12.11 Freeze of Plan. Effective as of and after April 30, 2005, the Plan is frozen. Each Participant’s Accrued Benefit
and participation herein shall be frozen as of said date. 

  
 62 

 ARTICLE XIII 
 NO REVERSION TO EMPLOYER 
 13.1 Trust Fund Recovery.

 (a) Except as otherwise expressly provided herein, no part of the corpus or income of the Trust Fund shall revert to the
Employer or be used for, or diverted to, purposes other than for the exclusive benefit of Participants and their Beneficiaries and payment of the expenses of the Plan and Trust. 

(b) In the event that any portion of a contribution is made by the Employer to the Plan because of either a good faith mistake of fact or
a good faith mistake in determining that such contribution is deductible in the Plan Year for which such contribution is made under Section 404 of the Code, the Trustee shall return to the Employer, upon written notice thereof, an amount equal
to the portion of such contribution which would not have been made but for such mistake of fact, or which is determined to be non-deductible, as the case may be, subject to the following conditions and limitations. No amount shall be returned to the
Employer pursuant to this paragraph (b) unless such amount is returned not later than one year after the date on which the contribution was made in the case of a contribution based on a mistake of fact was made, or the date on which the
deduction is disallowed in case of a contribution mistakenly believed to be deductible. For purposes of the preceding sentence, a deduction shall be considered to be disallowed on either (i) the day on which the Employer voluntarily files an
amended federal income tax return correcting the error; (ii) the day on which the Internal Revenue Service issues a statutory notice of deficiency, notice of final partnership or S corporation administrative adjustment, or other
determination from which no further administrative appeal is possible, which notice is based in whole or part upon disallowance of such deduction, provided that, if applicable, no person files a timely petition for judicial review of such
determination; or (iii) if such a petition for judicial review is filed, the day on which a final judgment is entered dismissing such petition or upholding the disallowance of such deduction from which judgment no further appeal is possible, or
as to which the time for filing an appeal expires. The amount returned to the Employer shall not include any earnings attributable to the erroneous contribution, but shall be reduced by any losses attributable thereto. 

  
 63 

 ARTICLE XIV 
 MULTIPLE EMPLOYERS 
 The Trust Fund may be commingled with other
pension trust funds, in which case it shall be held and invested as a single fund except as otherwise provided in the Plan, but at all times the portion of the Trust Fund attributable to Participants employed by the Employer shall be ascertainable
by the Committee. The adoption of this Plan by an Employer shall not create a joint venture or partnership relation between it and any other party thereto, nor shall such action ever be construed as having that effect. Any rights, duties,
liabilities and obligations assumed hereunder by the Employer, or imposed upon it under or as a result of the terms and provisions hereof, shall relate to and only affect the Employer above. 

  
 64 

 ARTICLE XV 
 MISCELLANEOUS 
 15.1 Limitation of Liability. Neither the
Employer, the Company, nor any member of the Committee, nor any Trustee acting hereunder, shall be liable in any manner if the Trust Fund should be insufficient to provide for the payment of benefits called for by the Plan. 

15.2 Reference to Other Documents. Wherever in the Plan reference is made to Participants’ rights under the Plan, it shall be
construed as reference to Participants’ rights also under any other instrument, trust agreement or insurance or annuity contract created or entered into to effect the purpose of the Plan. 

15.3 Governing Law. This Plan shall be regulated, construed and administered under the laws of the State of North Carolina to the
extent that such laws are not pre-empted by the laws of the United States of America. 
 15.4 Severability. In the event
that any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not affect the remaining provisions of this Plan, but such remaining provisions shall be fully severable and this Plan shall be
construed and enforced as if said illegal or invalid provision had never been inserted therein. 
 15.5 Litigation. In
any action or proceeding regarding the assets or administration of the Plan, Employees, former Employees, Participants, Beneficiaries or any other persons having or claiming to have an interest in the Plan shall not be necessary parties and shall
not be entitled to any notice or process. Any final judgment which is not appealed or appealable and may be entered in any such action or proceeding shall be binding and conclusive on the parties hereto and all persons having or claiming to have any
interest in this Plan. To the extent permitted by law, if a legal action is begun against the Company, the Employer, the Plan Administrator, the Committee, or the Trustee by or on behalf of any person and such action results adversely to such person
or if a legal action arises because of conflicting claims to a Participant’s or other person’s benefits, the costs to the Company, the Employer, the Plan Administrator, the Committee, or the Trustee of defending the action will be charged
to the amounts, if any, which were involved in the action or were payable to the Participant or other person concerned. To the extent permitted by applicable law, acceptance of participation in the Plan shall constitute a release of the Company, the
Employer, the Plan Administrator, the Committee, and the Trustee and their respective agents from any and all liability and obligation not involving willful misconduct or gross neglect. 

15.6 Conformance with Code and ERISA. The Plan is intended to comply in all respects with the requirements of Section 401(a)
of the Code and Titles I and IV of ERISA, and shall be so construed. References to specific provisions of the Code or ERISA in certain provisions of the Plan shall not be construed to limit reference to other provisions of the Code or ERISA in
construing other provisions of the Plan where such reference is consistent with the purpose of the Plan. If any provision of the Code or ERISA is amended, any reference in the Plan to such provision shall, if appropriate in the context and
consistent with the purpose of the Plan, be deemed to refer to any successor to such provision. 

  
 65 

 15.7 Adequacy of Evidence. Evidence that is required of anyone under this Plan shall
be executed or presented by proper individuals or parties and may be in the form of certificates, affidavits, documents or other information which the person acting on such evidence considers pertinent and reliable. 

15.8 Waiver of Notice. Any notice under this Plan may be waived by the person entitled to notice. 

15.9 Successors. This Plan will be binding on the Company and Employer, and on all persons entitled to benefits hereunder, and
their respective successor, heirs and legal representatives. 
 15.10 Validity of Actions. Any action by any person
purporting to act on behalf of the Company, the Employer, or any fiduciary pursuant to this Plan may be ratified by the person on whose behalf the action is taken, which shall have the same effect as if such action was originally authorized. Any
action by the Company, the Employer or any fiduciary under the Plan, or by any person acting on behalf of the Company, the Employer or any fiduciary, which fails to comply with any procedural requirement of the Plan shall nevertheless be given
effect to the extent equitable and consistent with the purposes of the Plan. 

  
 66 

 RE-ESTABLISHED RETIREMENT PLAN FOR HOURLY EMPLOYEES 

OF 

KEWAUNEE SCIENTIFIC CORPORATION 
 EXHIBIT A 
 This Exhibit A, attached to and made a part of the
Plan, provides the actuarial equivalence factors under the plan, based on the UP 1984 mortality table with 7% interest, as follows: 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 	  	46	 	  	47	 
	 55
	  	 	0.7888	  	  	 	0.7920	  	  	 	0.7954	  	  	 	0.7988	  	  	 	0.8024	  	  	 	0.8062	  	  	 	0.8100	  	  	 	0.8140	  	  	 	0.8181	  	  	 	0.8223	  	  	 	0.8266	  	  	 	0.8311	  	  	 	0.8356	  
	 56
	  	 	0.7764	  	  	 	0.7796	  	  	 	0.7830	  	  	 	0.7865	  	  	 	0.7902	  	  	 	0.7940	  	  	 	0.7979	  	  	 	0.8020	  	  	 	0.8062	  	  	 	0.8105	  	  	 	0.8149	  	  	 	0.8195	  	  	 	0.8242	  
	 57
	  	 	0.7635	  	  	 	0.7668	  	  	 	0.7702	  	  	 	0.7738	  	  	 	0.7775	  	  	 	0.7813	  	  	 	0.7853	  	  	 	0.7894	  	  	 	0.7937	  	  	 	0.7981	  	  	 	0.8027	  	  	 	0.8074	  	  	 	0.8122	  
	 58
	  	 	0.7502	  	  	 	0.7535	  	  	 	0.7569	  	  	 	0.7605	  	  	 	0.7643	  	  	 	0.7682	  	  	 	0.7722	  	  	 	0.7764	  	  	 	0.7808	  	  	 	0.7853	  	  	 	0.7899	  	  	 	0.7947	  	  	 	0.7996	  
	 59
	  	 	0.7364	  	  	 	0.7397	  	  	 	0.7432	  	  	 	0.7468	  	  	 	0.7506	  	  	 	0.7546	  	  	 	0.7587	  	  	 	0.7629	  	  	 	0.7673	  	  	 	0.7719	  	  	 	0.7767	  	  	 	0.7815	  	  	 	0.7866	  
	 60
	  	 	0.7222	  	  	 	0.7256	  	  	 	0.7291	  	  	 	0.7327	  	  	 	0.7365	  	  	 	0.7405	  	  	 	0.7446	  	  	 	0.7489	  	  	 	0.7534	  	  	 	0.7581	  	  	 	0.7629	  	  	 	0.7678	  	  	 	0.7729	  
	 61
	  	 	0.7076	  	  	 	0.7110	  	  	 	0.7145	  	  	 	0.7181	  	  	 	0.7220	  	  	 	0.7260	  	  	 	0.7301	  	  	 	0.7345	  	  	 	0.7390	  	  	 	0.7437	  	  	 	0.7486	  	  	 	0.7536	  	  	 	0.7588	  
	 62
	  	 	0.6927	  	  	 	0.6960	  	  	 	0.6995	  	  	 	0.7032	  	  	 	0.7070	  	  	 	0.7110	  	  	 	0.7152	  	  	 	0.7196	  	  	 	0.7241	  	  	 	0.7289	  	  	 	0.7338	  	  	 	0.7389	  	  	 	0.7442	  
	 63
	  	 	0.6774	  	  	 	0.6807	  	  	 	0.6842	  	  	 	0.6878	  	  	 	0.6917	  	  	 	0.6957	  	  	 	0.6999	  	  	 	0.7043	  	  	 	0.7088	  	  	 	0.7136	  	  	 	0.7186	  	  	 	0.7237	  	  	 	0.7291	  
	 64
	  	 	0.6618	  	  	 	0.6651	  	  	 	0.6685	  	  	 	0.6722	  	  	 	0.6760	  	  	 	0.6800	  	  	 	0.6842	  	  	 	0.6886	  	  	 	0.6932	  	  	 	0.6980	  	  	 	0.7030	  	  	 	0.7082	  	  	 	0.7135	  
	 65
	  	 	0.6459	  	  	 	0.6492	  	  	 	0.6526	  	  	 	0.6563	  	  	 	0.6601	  	  	 	0.6641	  	  	 	0.6683	  	  	 	0.6726	  	  	 	0.6772	  	  	 	0.6820	  	  	 	0.6870	  	  	 	0.6922	  	  	 	0.6976	  
	 66
	  	 	0.6299	  	  	 	0.6331	  	  	 	0.6365	  	  	 	0.6401	  	  	 	0.6439	  	  	 	0.6479	  	  	 	0.6521	  	  	 	0.6564	  	  	 	0.6610	  	  	 	0.6658	  	  	 	0.6708	  	  	 	0.6760	  	  	 	0.6815	  
	 67
	  	 	0.6137	  	  	 	0.6169	  	  	 	0.6203	  	  	 	0.6239	  	  	 	0.6276	  	  	 	0.6316	  	  	 	0.6357	  	  	 	0.6401	  	  	 	0.6446	  	  	 	0.6494	  	  	 	0.6544	  	  	 	0.6596	  	  	 	0.6650	  
	 68
	  	 	0.5974	  	  	 	0.6006	  	  	 	0.6039	  	  	 	0.6075	  	  	 	0.6112	  	  	 	0.6151	  	  	 	0.6192	  	  	 	0.6235	  	  	 	0.6280	  	  	 	0.6328	  	  	 	0.6378	  	  	 	0.6430	  	  	 	0.6484	  
	 69
	  	 	0.5809	  	  	 	0.5840	  	  	 	0.5873	  	  	 	0.5908	  	  	 	0.5945	  	  	 	0.5984	  	  	 	0.6024	  	  	 	0.6067	  	  	 	0.6112	  	  	 	0.6159	  	  	 	0.6208	  	  	 	0.6260	  	  	 	0.6314	  
	 70
	  	 	0.5642	  	  	 	0.5672	  	  	 	0.5705	  	  	 	0.5739	  	  	 	0.5775	  	  	 	0.5813	  	  	 	0.5853	  	  	 	0.5896	  	  	 	0.5940	  	  	 	0.5987	  	  	 	0.6036	  	  	 	0.6087	  	  	 	0.6141	  
	 71
	  	 	0.5471	  	  	 	0.5502	  	  	 	0.5533	  	  	 	0.5567	  	  	 	0.5603	  	  	 	0.5640	  	  	 	0.5680	  	  	 	0.5721	  	  	 	0.5765	  	  	 	0.5811	  	  	 	0.5860	  	  	 	0.5910	  	  	 	0.5964	  
	 72
	  	 	0.5299	  	  	 	0.5329	  	  	 	0.5360	  	  	 	0.5393	  	  	 	0.5428	  	  	 	0.5465	  	  	 	0.5503	  	  	 	0.5544	  	  	 	0.5587	  	  	 	0.5633	  	  	 	0.5681	  	  	 	0.5731	  	  	 	0.5783	  
	 73
	  	 	0.5125	  	  	 	0.5154	  	  	 	0.5184	  	  	 	0.5217	  	  	 	0.5251	  	  	 	0.5287	  	  	 	0.5325	  	  	 	0.5365	  	  	 	0.5407	  	  	 	0.5452	  	  	 	0.5499	  	  	 	0.5548	  	  	 	0.5600	  
	 74
	  	 	0.4950	  	  	 	0.4978	  	  	 	0.5008	  	  	 	0.5039	  	  	 	0.5073	  	  	 	0.5108	  	  	 	0.5145	  	  	 	0.5185	  	  	 	0.5226	  	  	 	0.5270	  	  	 	0.5316	  	  	 	0.5364	  	  	 	0.5415	  
	 75
	  	 	0.4775	  	  	 	0.4802	  	  	 	0.4831	  	  	 	0.4862	  	  	 	0.4894	  	  	 	0.4929	  	  	 	0.4965	  	  	 	0.5004	  	  	 	0.5044	  	  	 	0.5087	  	  	 	0.5132	  	  	 	0.5179	  	  	 	0.5229	  
	 76
	  	 	0.4600	  	  	 	0.4627	  	  	 	0.4655	  	  	 	0.4685	  	  	 	0.4716	  	  	 	0.4750	  	  	 	0.4785	  	  	 	0.4823	  	  	 	0.4862	  	  	 	0.4904	  	  	 	0.4948	  	  	 	0.4994	  	  	 	0.5043	  
	 77
	  	 	0.4427	  	  	 	0.4452	  	  	 	0.4480	  	  	 	0.4509	  	  	 	0.4539	  	  	 	0.4572	  	  	 	0.4606	  	  	 	0.4643	  	  	 	0.4681	  	  	 	0.4722	  	  	 	0.4765	  	  	 	0.4810	  	  	 	0.4858	  
	 78
	  	 	0.4255	  	  	 	0.4280	  	  	 	0.4307	  	  	 	0.4335	  	  	 	0.4364	  	  	 	0.4396	  	  	 	0.4429	  	  	 	0.4465	  	  	 	0.4502	  	  	 	0.4542	  	  	 	0.4583	  	  	 	0.4627	  	  	 	0.4674	  
	 79
	  	 	0.4085	  	  	 	0.4109	  	  	 	0.4135	  	  	 	0.4162	  	  	 	0.4191	  	  	 	0.4221	  	  	 	0.4253	  	  	 	0.4288	  	  	 	0.4324	  	  	 	0.4362	  	  	 	0.4403	  	  	 	0.4445	  	  	 	0.4490	  
	 80
	  	 	0.3916	  	  	 	0.3940	  	  	 	0.3964	  	  	 	0.3990	  	  	 	0.4018	  	  	 	0.4048	  	  	 	0.4079	  	  	 	0.4112	  	  	 	0.4147	  	  	 	0.4184	  	  	 	0.4223	  	  	 	0.4265	  	  	 	0.4309	  

  
 2 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	48	 	  	49	 	  	50	 	  	51	 	  	52	 	  	53	 	  	54	 	  	55	 	  	56	 	  	57	 	  	58	 	  	59	 	  	60	 
	 55
	  	 	0.8402	  	  	 	0.8449	  	  	 	0.8497	  	  	 	0.8546	  	  	 	0.8595	  	  	 	0.8645	  	  	 	0.8695	  	  	 	0.8745	  	  	 	0.8795	  	  	 	0.8846	  	  	 	0.8896	  	  	 	0.8947	  	  	 	0.8996	  
	 56
	  	 	0.8289	  	  	 	0.8338	  	  	 	0.8388	  	  	 	0.8438	  	  	 	0.8489	  	  	 	0.8541	  	  	 	0.8593	  	  	 	0.8646	  	  	 	0.8699	  	  	 	0.8752	  	  	 	0.8805	  	  	 	0.8858	  	  	 	0.8911	  
	 57
	  	 	0.8171	  	  	 	0.8221	  	  	 	0.8272	  	  	 	0.8325	  	  	 	0.8378	  	  	 	0.8431	  	  	 	0.8486	  	  	 	0.8541	  	  	 	0.8596	  	  	 	0.8652	  	  	 	0.8708	  	  	 	0.8764	  	  	 	0.8820	  
	 58
	  	 	0.8047	  	  	 	0.8098	  	  	 	0.8151	  	  	 	0.8205	  	  	 	0.8260	  	  	 	0.8316	  	  	 	0.8372	  	  	 	0.8430	  	  	 	0.8488	  	  	 	0.8546	  	  	 	0.8605	  	  	 	0.8663	  	  	 	0.8722	  
	 59
	  	 	0.7917	  	  	 	0.7970	  	  	 	0.8025	  	  	 	0.8080	  	  	 	0.8137	  	  	 	0.8195	  	  	 	0.8253	  	  	 	0.8313	  	  	 	0.8373	  	  	 	0.8434	  	  	 	0.8495	  	  	 	0.8557	  	  	 	0.8618	  
	 60
	  	 	0.7782	  	  	 	0.7836	  	  	 	0.7892	  	  	 	0.7949	  	  	 	0.8008	  	  	 	0.8067	  	  	 	0.8128	  	  	 	0.8189	  	  	 	0.8252	  	  	 	0.8315	  	  	 	0.8379	  	  	 	0.8443	  	  	 	0.8508	  
	 61
	  	 	0.7642	  	  	 	0.7697	  	  	 	0.7754	  	  	 	0.7812	  	  	 	0.7872	  	  	 	0.7933	  	  	 	0.7996	  	  	 	0.8059	  	  	 	0.8124	  	  	 	0.8190	  	  	 	0.8256	  	  	 	0.8323	  	  	 	0.8391	  
	 62
	  	 	0.7496	  	  	 	0.7552	  	  	 	0.7610	  	  	 	0.7670	  	  	 	0.7731	  	  	 	0.7794	  	  	 	0.7858	  	  	 	0.7923	  	  	 	0.7990	  	  	 	0.8058	  	  	 	0.8127	  	  	 	0.8197	  	  	 	0.8267	  
	 63
	  	 	0.7346	  	  	 	0.7403	  	  	 	0.7462	  	  	 	0.7523	  	  	 	0.7585	  	  	 	0.7649	  	  	 	0.7715	  	  	 	0.7782	  	  	 	0.7850	  	  	 	0.7920	  	  	 	0.7992	  	  	 	0.8064	  	  	 	0.8137	  
	 64
	  	 	0.7191	  	  	 	0.7249	  	  	 	0.7309	  	  	 	0.7370	  	  	 	0.7434	  	  	 	0.7499	  	  	 	0.7566	  	  	 	0.7635	  	  	 	0.7705	  	  	 	0.7777	  	  	 	0.7850	  	  	 	0.7925	  	  	 	0.8001	  
	 65
	  	 	0.7033	  	  	 	0.7091	  	  	 	0.7151	  	  	 	0.7214	  	  	 	0.7278	  	  	 	0.7344	  	  	 	0.7413	  	  	 	0.7483	  	  	 	0.7555	  	  	 	0.7628	  	  	 	0.7704	  	  	 	0.7780	  	  	 	0.7858	  
	 66
	  	 	0.6871	  	  	 	0.6930	  	  	 	0.6990	  	  	 	0.7053	  	  	 	0.7119	  	  	 	0.7186	  	  	 	0.7255	  	  	 	0.7326	  	  	 	0.7400	  	  	 	0.7475	  	  	 	0.7552	  	  	 	0.7631	  	  	 	0.7711	  
	 67
	  	 	0.6707	  	  	 	0.6766	  	  	 	0.6827	  	  	 	0.6890	  	  	 	0.6956	  	  	 	0.7024	  	  	 	0.7094	  	  	 	0.7166	  	  	 	0.7241	  	  	 	0.7318	  	  	 	0.7396	  	  	 	0.7477	  	  	 	0.7559	  
	 68
	  	 	0.6540	  	  	 	0.6599	  	  	 	0.6661	  	  	 	0.6724	  	  	 	0.6790	  	  	 	0.6859	  	  	 	0.6930	  	  	 	0.7003	  	  	 	0.7078	  	  	 	0.7156	  	  	 	0.7236	  	  	 	0.7318	  	  	 	0.7402	  
	 69
	  	 	0.6371	  	  	 	0.6429	  	  	 	0.6491	  	  	 	0.6555	  	  	 	0.6621	  	  	 	0.6690	  	  	 	0.6761	  	  	 	0.6834	  	  	 	0.6911	  	  	 	0.6989	  	  	 	0.7071	  	  	 	0.7154	  	  	 	0.7240	  
	 70
	  	 	0.6197	  	  	 	0.6255	  	  	 	0.6316	  	  	 	0.6380	  	  	 	0.6446	  	  	 	0.6515	  	  	 	0.6587	  	  	 	0.6661	  	  	 	0.6738	  	  	 	0.6817	  	  	 	0.6899	  	  	 	0.6984	  	  	 	0.7071	  
	 71
	  	 	0.6019	  	  	 	0.6077	  	  	 	0.6138	  	  	 	0.6202	  	  	 	0.6268	  	  	 	0.6336	  	  	 	0.6408	  	  	 	0.6482	  	  	 	0.6559	  	  	 	0.6639	  	  	 	0.6722	  	  	 	0.6807	  	  	 	0.6895	  
	 72
	  	 	0.5838	  	  	 	0.5896	  	  	 	0.5956	  	  	 	0.6019	  	  	 	0.6085	  	  	 	0.6153	  	  	 	0.6225	  	  	 	0.6299	  	  	 	0.6376	  	  	 	0.6456	  	  	 	0.6539	  	  	 	0.6625	  	  	 	0.6714	  
	 73
	  	 	0.5654	  	  	 	0.5711	  	  	 	0.5771	  	  	 	0.5833	  	  	 	0.5898	  	  	 	0.5966	  	  	 	0.6037	  	  	 	0.6111	  	  	 	0.6188	  	  	 	0.6268	  	  	 	0.6351	  	  	 	0.6437	  	  	 	0.6527	  
	 74
	  	 	0.5469	  	  	 	0.5525	  	  	 	0.5583	  	  	 	0.5645	  	  	 	0.5709	  	  	 	0.5777	  	  	 	0.5847	  	  	 	0.5920	  	  	 	0.5997	  	  	 	0.6077	  	  	 	0.6160	  	  	 	0.6246	  	  	 	0.6335	  
	 75
	  	 	0.5282	  	  	 	0.5337	  	  	 	0.5395	  	  	 	0.5455	  	  	 	0.5519	  	  	 	0.5585	  	  	 	0.5655	  	  	 	0.5727	  	  	 	0.5803	  	  	 	0.5882	  	  	 	0.5965	  	  	 	0.6051	  	  	 	0.6140	  
	 76
	  	 	0.5095	  	  	 	0.5148	  	  	 	0.5205	  	  	 	0.5265	  	  	 	0.5327	  	  	 	0.5392	  	  	 	0.5461	  	  	 	0.5532	  	  	 	0.5608	  	  	 	0.5686	  	  	 	0.5768	  	  	 	0.5853	  	  	 	0.5942	  
	 77
	  	 	0.4908	  	  	 	0.4961	  	  	 	0.5016	  	  	 	0.5074	  	  	 	0.5136	  	  	 	0.5200	  	  	 	0.5267	  	  	 	0.5337	  	  	 	0.5411	  	  	 	0.5489	  	  	 	0.5570	  	  	 	0.5654	  	  	 	0.5742	  
	 78
	  	 	0.4723	  	  	 	0.4774	  	  	 	0.4828	  	  	 	0.4885	  	  	 	0.4945	  	  	 	0.5008	  	  	 	0.5074	  	  	 	0.5143	  	  	 	0.5216	  	  	 	0.5292	  	  	 	0.5372	  	  	 	0.5455	  	  	 	0.5542	  
	 79
	  	 	0.4538	  	  	 	0.4588	  	  	 	0.4641	  	  	 	0.4696	  	  	 	0.4755	  	  	 	0.4816	  	  	 	0.4881	  	  	 	0.4948	  	  	 	0.5020	  	  	 	0.5094	  	  	 	0.5173	  	  	 	0.5255	  	  	 	0.5341	  
	 80
	  	 	0.4355	  	  	 	0.4403	  	  	 	0.4454	  	  	 	0.4509	  	  	 	0.4565	  	  	 	0.4625	  	  	 	0.4688	  	  	 	0.4754	  	  	 	0.4824	  	  	 	0.4897	  	  	 	0.4974	  	  	 	0.5054	  	  	 	0.5139	  

  
 3 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	61	 	  	62	 	  	63	 	  	64	 	  	65	 	  	66	 	  	67	 	  	68	 	  	69	 	  	70	 	  	71	 	  	72	 	  	73	 
	 55
	  	 	0.9046	  	  	 	0.9095	  	  	 	0.9143	  	  	 	0.9190	  	  	 	0.9236	  	  	 	0.9281	  	  	 	0.9324	  	  	 	0.9367	  	  	 	0.9408	  	  	 	0.9447	  	  	 	0.9486	  	  	 	0.9523	  	  	 	0.9558	  
	 56
	  	 	0.8964	  	  	 	0.9015	  	  	 	0.9067	  	  	 	0.9117	  	  	 	0.9166	  	  	 	0.9214	  	  	 	0.9261	  	  	 	0.9307	  	  	 	0.9351	  	  	 	0.9394	  	  	 	0.9435	  	  	 	0.9475	  	  	 	0.9514	  
	 57
	  	 	0.8875	  	  	 	0.8930	  	  	 	0.8985	  	  	 	0.9038	  	  	 	0.9091	  	  	 	0.9143	  	  	 	0.9193	  	  	 	0.9242	  	  	 	0.9289	  	  	 	0.9336	  	  	 	0.9380	  	  	 	0.9424	  	  	 	0.9466	  
	 58
	  	 	0.8781	  	  	 	0.8839	  	  	 	0.8897	  	  	 	0.8954	  	  	 	0.9010	  	  	 	0.9065	  	  	 	0.9119	  	  	 	0.9171	  	  	 	0.9222	  	  	 	0.9272	  	  	 	0.9321	  	  	 	0.9368	  	  	 	0.9413	  
	 59
	  	 	0.8680	  	  	 	0.8742	  	  	 	0.8803	  	  	 	0.8863	  	  	 	0.8923	  	  	 	0.8981	  	  	 	0.9039	  	  	 	0.9095	  	  	 	0.9150	  	  	 	0.9203	  	  	 	0.9256	  	  	 	0.9306	  	  	 	0.9355	  
	 60
	  	 	0.8573	  	  	 	0.8638	  	  	 	0.8702	  	  	 	0.8766	  	  	 	0.8829	  	  	 	0.8892	  	  	 	0.8953	  	  	 	0.9013	  	  	 	0.9071	  	  	 	0.9129	  	  	 	0.9185	  	  	 	0.9239	  	  	 	0.9292	  
	 61
	  	 	0.8459	  	  	 	0.8527	  	  	 	0.8595	  	  	 	0.8662	  	  	 	0.8729	  	  	 	0.8795	  	  	 	0.8860	  	  	 	0.8924	  	  	 	0.8986	  	  	 	0.9048	  	  	 	0.9108	  	  	 	0.9167	  	  	 	0.9223	  
	 62
	  	 	0.8338	  	  	 	0.8409	  	  	 	0.8480	  	  	 	0.8551	  	  	 	0.8622	  	  	 	0.8691	  	  	 	0.8760	  	  	 	0.8828	  	  	 	0.8895	  	  	 	0.8960	  	  	 	0.9025	  	  	 	0.9088	  	  	 	0.9149	  
	 63
	  	 	0.8211	  	  	 	0.8285	  	  	 	0.8359	  	  	 	0.8434	  	  	 	0.8508	  	  	 	0.8581	  	  	 	0.8654	  	  	 	0.8726	  	  	 	0.8797	  	  	 	0.8867	  	  	 	0.8935	  	  	 	0.9003	  	  	 	0.9068	  
	 64
	  	 	0.8077	  	  	 	0.8154	  	  	 	0.8232	  	  	 	0.8310	  	  	 	0.8387	  	  	 	0.8465	  	  	 	0.8541	  	  	 	0.8617	  	  	 	0.8692	  	  	 	0.8766	  	  	 	0.8839	  	  	 	0.8911	  	  	 	0.8981	  
	 65
	  	 	0.7938	  	  	 	0.8018	  	  	 	0.8098	  	  	 	0.8179	  	  	 	0.8260	  	  	 	0.8341	  	  	 	0.8422	  	  	 	0.8502	  	  	 	0.8581	  	  	 	0.8659	  	  	 	0.8737	  	  	 	0.8813	  	  	 	0.8888	  
	 66
	  	 	0.7793	  	  	 	0.7875	  	  	 	0.7959	  	  	 	0.8043	  	  	 	0.8127	  	  	 	0.8212	  	  	 	0.8296	  	  	 	0.8380	  	  	 	0.8463	  	  	 	0.8546	  	  	 	0.8628	  	  	 	0.8709	  	  	 	0.8789	  
	 67
	  	 	0.7643	  	  	 	0.7728	  	  	 	0.7814	  	  	 	0.7901	  	  	 	0.7989	  	  	 	0.8077	  	  	 	0.8165	  	  	 	0.8252	  	  	 	0.8340	  	  	 	0.8427	  	  	 	0.8514	  	  	 	0.8600	  	  	 	0.8684	  
	 68
	  	 	0.7488	  	  	 	0.7576	  	  	 	0.7664	  	  	 	0.7754	  	  	 	0.7845	  	  	 	0.7936	  	  	 	0.8028	  	  	 	0.8119	  	  	 	0.8210	  	  	 	0.8302	  	  	 	0.8393	  	  	 	0.8483	  	  	 	0.8573	  
	 69
	  	 	0.7327	  	  	 	0.7417	  	  	 	0.7508	  	  	 	0.7601	  	  	 	0.7694	  	  	 	0.7789	  	  	 	0.7883	  	  	 	0.7978	  	  	 	0.8074	  	  	 	0.8169	  	  	 	0.8265	  	  	 	0.8360	  	  	 	0.8454	  
	 70
	  	 	0.7160	  	  	 	0.7251	  	  	 	0.7345	  	  	 	0.7439	  	  	 	0.7536	  	  	 	0.7633	  	  	 	0.7731	  	  	 	0.7829	  	  	 	0.7928	  	  	 	0.8028	  	  	 	0.8128	  	  	 	0.8228	  	  	 	0.8327	  
	 71
	  	 	0.6986	  	  	 	0.7079	  	  	 	0.7174	  	  	 	0.7271	  	  	 	0.7369	  	  	 	0.7469	  	  	 	0.7570	  	  	 	0.7672	  	  	 	0.7774	  	  	 	0.7878	  	  	 	0.7982	  	  	 	0.8086	  	  	 	0.8190	  
	 72
	  	 	0.6805	  	  	 	0.6900	  	  	 	0.6996	  	  	 	0.7095	  	  	 	0.7195	  	  	 	0.7298	  	  	 	0.7401	  	  	 	0.7506	  	  	 	0.7612	  	  	 	0.7719	  	  	 	0.7827	  	  	 	0.7936	  	  	 	0.8044	  
	 73
	  	 	0.6619	  	  	 	0.6714	  	  	 	0.6812	  	  	 	0.6912	  	  	 	0.7014	  	  	 	0.7118	  	  	 	0.7224	  	  	 	0.7332	  	  	 	0.7440	  	  	 	0.7551	  	  	 	0.7663	  	  	 	0.7776	  	  	 	0.7889	  
	 74
	  	 	0.6428	  	  	 	0.6523	  	  	 	0.6622	  	  	 	0.6723	  	  	 	0.6827	  	  	 	0.6933	  	  	 	0.7041	  	  	 	0.7150	  	  	 	0.7262	  	  	 	0.7375	  	  	 	0.7491	  	  	 	0.7607	  	  	 	0.7725	  
	 75
	  	 	0.6233	  	  	 	0.6329	  	  	 	0.6428	  	  	 	0.6530	  	  	 	0.6634	  	  	 	0.6741	  	  	 	0.6851	  	  	 	0.6962	  	  	 	0.7076	  	  	 	0.7193	  	  	 	0.7311	  	  	 	0.7431	  	  	 	0.7553	  
	 76
	  	 	0.6034	  	  	 	0.6130	  	  	 	0.6229	  	  	 	0.6332	  	  	 	0.6437	  	  	 	0.6545	  	  	 	0.6656	  	  	 	0.6769	  	  	 	0.6885	  	  	 	0.7003	  	  	 	0.7124	  	  	 	0.7247	  	  	 	0.7373	  
	 77
	  	 	0.5834	  	  	 	0.5930	  	  	 	0.6029	  	  	 	0.6131	  	  	 	0.6237	  	  	 	0.6345	  	  	 	0.6456	  	  	 	0.6571	  	  	 	0.6688	  	  	 	0.6808	  	  	 	0.6932	  	  	 	0.7058	  	  	 	0.7186	  
	 78
	  	 	0.5633	  	  	 	0.5728	  	  	 	0.5827	  	  	 	0.5929	  	  	 	0.6034	  	  	 	0.6143	  	  	 	0.6254	  	  	 	0.6369	  	  	 	0.6487	  	  	 	0.6609	  	  	 	0.6734	  	  	 	0.6863	  	  	 	0.6994	  
	 79
	  	 	0.5431	  	  	 	0.5525	  	  	 	0.5622	  	  	 	0.5723	  	  	 	0.5828	  	  	 	0.5937	  	  	 	0.6048	  	  	 	0.6163	  	  	 	0.6282	  	  	 	0.6405	  	  	 	0.6531	  	  	 	0.6661	  	  	 	0.6794	  
	 80
	  	 	0.5227	  	  	 	0.5320	  	  	 	0.5416	  	  	 	0.5516	  	  	 	0.5620	  	  	 	0.5728	  	  	 	0.5839	  	  	 	0.5954	  	  	 	0.6073	  	  	 	0.6196	  	  	 	0.6324	  	  	 	0.6455	  	  	 	0.6590	  

  
 4 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	74	 	  	75	 	  	76	 	  	77	 	  	78	 	  	79	 	  	80	 	  	81	 	  	82	 	  	83	 	  	84	 	  	85	 	  	86	 
	 55
	  	 	0.9592	  	  	 	0.9624	  	  	 	0.9654	  	  	 	0.9683	  	  	 	0.9710	  	  	 	0.9735	  	  	 	0.9759	  	  	 	0.9781	  	  	 	0.9802	  	  	 	0.9821	  	  	 	0.9839	  	  	 	0.9855	  	  	 	0.9870	  
	 56
	  	 	0.9551	  	  	 	0.9586	  	  	 	0.9619	  	  	 	0.9650	  	  	 	0.9680	  	  	 	0.9708	  	  	 	0.9734	  	  	 	0.9758	  	  	 	0.9781	  	  	 	0.9802	  	  	 	0.9821	  	  	 	0.9840	  	  	 	0.9856	  
	 57
	  	 	0.9506	  	  	 	0.9544	  	  	 	0.9580	  	  	 	0.9614	  	  	 	0.9647	  	  	 	0.9677	  	  	 	0.9706	  	  	 	0.9732	  	  	 	0.9757	  	  	 	0.9781	  	  	 	0.9802	  	  	 	0.9822	  	  	 	0.9841	  
	 58
	  	 	0.9456	  	  	 	0.9498	  	  	 	0.9537	  	  	 	0.9575	  	  	 	0.9610	  	  	 	0.9643	  	  	 	0.9675	  	  	 	0.9704	  	  	 	0.9731	  	  	 	0.9757	  	  	 	0.9781	  	  	 	0.9803	  	  	 	0.9823	  
	 59
	  	 	0.9402	  	  	 	0.9447	  	  	 	0.9490	  	  	 	0.9531	  	  	 	0.9570	  	  	 	0.9606	  	  	 	0.9640	  	  	 	0.9673	  	  	 	0.9703	  	  	 	0.9731	  	  	 	0.9757	  	  	 	0.9781	  	  	 	0.9804	  
	 60
	  	 	0.9343	  	  	 	0.9392	  	  	 	0.9439	  	  	 	0.9483	  	  	 	0.9525	  	  	 	0.9565	  	  	 	0.9602	  	  	 	0.9638	  	  	 	0.9671	  	  	 	0.9701	  	  	 	0.9730	  	  	 	0.9757	  	  	 	0.9782	  
	 61
	  	 	0.9278	  	  	 	0.9331	  	  	 	0.9382	  	  	 	0.9430	  	  	 	0.9476	  	  	 	0.9519	  	  	 	0.9560	  	  	 	0.9599	  	  	 	0.9635	  	  	 	0.9669	  	  	 	0.9701	  	  	 	0.9730	  	  	 	0.9758	  
	 62
	  	 	0.9208	  	  	 	0.9265	  	  	 	0.9320	  	  	 	0.9372	  	  	 	0.9422	  	  	 	0.9469	  	  	 	0.9514	  	  	 	0.9556	  	  	 	0.9596	  	  	 	0.9633	  	  	 	0.9668	  	  	 	0.9700	  	  	 	0.9731	  
	 63
	  	 	0.9132	  	  	 	0.9193	  	  	 	0.9252	  	  	 	0.9309	  	  	 	0.9363	  	  	 	0.9414	  	  	 	0.9463	  	  	 	0.9509	  	  	 	0.9553	  	  	 	0.9593	  	  	 	0.9631	  	  	 	0.9667	  	  	 	0.9701	  
	 64
	  	 	0.9050	  	  	 	0.9116	  	  	 	0.9179	  	  	 	0.9241	  	  	 	0.9299	  	  	 	0.9355	  	  	 	0.9408	  	  	 	0.9458	  	  	 	0.9505	  	  	 	0.9550	  	  	 	0.9591	  	  	 	0.9631	  	  	 	0.9667	  
	 65
	  	 	0.8961	  	  	 	0.9032	  	  	 	0.9101	  	  	 	0.9167	  	  	 	0.9230	  	  	 	0.9290	  	  	 	0.9347	  	  	 	0.9402	  	  	 	0.9454	  	  	 	0.9502	  	  	 	0.9548	  	  	 	0.9591	  	  	 	0.9631	  
	 66
	  	 	0.8867	  	  	 	0.8943	  	  	 	0.9016	  	  	 	0.9087	  	  	 	0.9155	  	  	 	0.9220	  	  	 	0.9282	  	  	 	0.9342	  	  	 	0.9398	  	  	 	0.9450	  	  	 	0.9500	  	  	 	0.9547	  	  	 	0.9591	  
	 67
	  	 	0.8767	  	  	 	0.8848	  	  	 	0.8926	  	  	 	0.9002	  	  	 	0.9075	  	  	 	0.9145	  	  	 	0.9213	  	  	 	0.9277	  	  	 	0.9337	  	  	 	0.9395	  	  	 	0.9449	  	  	 	0.9500	  	  	 	0.9549	  
	 68
	  	 	0.8661	  	  	 	0.8747	  	  	 	0.8831	  	  	 	0.8912	  	  	 	0.8990	  	  	 	0.9065	  	  	 	0.9138	  	  	 	0.9207	  	  	 	0.9273	  	  	 	0.9335	  	  	 	0.9394	  	  	 	0.9450	  	  	 	0.9502	  
	 69
	  	 	0.8547	  	  	 	0.8638	  	  	 	0.8728	  	  	 	0.8814	  	  	 	0.8898	  	  	 	0.8979	  	  	 	0.9057	  	  	 	0.9131	  	  	 	0.9202	  	  	 	0.9270	  	  	 	0.9334	  	  	 	0.9394	  	  	 	0.9452	  
	 70
	  	 	0.8425	  	  	 	0.8521	  	  	 	0.8616	  	  	 	0.8708	  	  	 	0.8798	  	  	 	0.8884	  	  	 	0.8968	  	  	 	0.9048	  	  	 	0.9125	  	  	 	0.9198	  	  	 	0.9267	  	  	 	0.9333	  	  	 	0.9396	  
	 71
	  	 	0.8293	  	  	 	0.8395	  	  	 	0.8495	  	  	 	0.8593	  	  	 	0.8688	  	  	 	0.8781	  	  	 	0.8871	  	  	 	0.8957	  	  	 	0.9039	  	  	 	0.9118	  	  	 	0.9193	  	  	 	0.9265	  	  	 	0.9333	  
	 72
	  	 	0.8153	  	  	 	0.8260	  	  	 	0.8365	  	  	 	0.8469	  	  	 	0.8570	  	  	 	0.8669	  	  	 	0.8764	  	  	 	0.8857	  	  	 	0.8945	  	  	 	0.9030	  	  	 	0.9112	  	  	 	0.9189	  	  	 	0.9263	  
	 73
	  	 	0.8002	  	  	 	0.8114	  	  	 	0.8226	  	  	 	0.8335	  	  	 	0.8442	  	  	 	0.8547	  	  	 	0.8649	  	  	 	0.8747	  	  	 	0.8843	  	  	 	0.8934	  	  	 	0.9022	  	  	 	0.9106	  	  	 	0.9186	  
	 74
	  	 	0.7843	  	  	 	0.7960	  	  	 	0.8076	  	  	 	0.8191	  	  	 	0.8304	  	  	 	0.8415	  	  	 	0.8524	  	  	 	0.8629	  	  	 	0.8731	  	  	 	0.8829	  	  	 	0.8923	  	  	 	0.9014	  	  	 	0.9101	  
	 75
	  	 	0.7675	  	  	 	0.7797	  	  	 	0.7918	  	  	 	0.8039	  	  	 	0.8158	  	  	 	0.8275	  	  	 	0.8389	  	  	 	0.8501	  	  	 	0.8610	  	  	 	0.8715	  	  	 	0.8816	  	  	 	0.8914	  	  	 	0.9008	  
	 76
	  	 	0.7499	  	  	 	0.7625	  	  	 	0.7752	  	  	 	0.7877	  	  	 	0.8002	  	  	 	0.8125	  	  	 	0.8246	  	  	 	0.8364	  	  	 	0.8480	  	  	 	0.8591	  	  	 	0.8700	  	  	 	0.8805	  	  	 	0.8906	  
	 77
	  	 	0.7316	  	  	 	0.7446	  	  	 	0.7577	  	  	 	0.7708	  	  	 	0.7838	  	  	 	0.7966	  	  	 	0.8094	  	  	 	0.8218	  	  	 	0.8341	  	  	 	0.8459	  	  	 	0.8575	  	  	 	0.8688	  	  	 	0.8796	  
	 78
	  	 	0.7126	  	  	 	0.7261	  	  	 	0.7396	  	  	 	0.7531	  	  	 	0.7666	  	  	 	0.7800	  	  	 	0.7933	  	  	 	0.8065	  	  	 	0.8193	  	  	 	0.8319	  	  	 	0.8442	  	  	 	0.8562	  	  	 	0.8678	  
	 79
	  	 	0.6930	  	  	 	0.7068	  	  	 	0.7206	  	  	 	0.7346	  	  	 	0.7485	  	  	 	0.7625	  	  	 	0.7764	  	  	 	0.7901	  	  	 	0.8036	  	  	 	0.8169	  	  	 	0.8299	  	  	 	0.8426	  	  	 	0.8550	  
	 80
	  	 	0.6727	  	  	 	0.6868	  	  	 	0.7010	  	  	 	0.7153	  	  	 	0.7296	  	  	 	0.7441	  	  	 	0.7585	  	  	 	0.7728	  	  	 	0.7869	  	  	 	0.8009	  	  	 	0.8146	  	  	 	0.8281	  	  	 	0.8413	  

  
 5 

 Kewaunee Scientific Corporation 
 Joint & Survivor 100% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	87	 	  	88	 	  	89	 	  	90	 	  	91	 	  	92	 	  	93	 	  	94	 	  	95	 	  	96	 	  	97	 	  	98	 	  	99	 
	 55
	  	 	0.9884	  	  	 	0.9897	  	  	 	0.9909	  	  	 	0.9920	  	  	 	0.9930	  	  	 	0.9938	  	  	 	0.9946	  	  	 	0.9953	  	  	 	0.9960	  	  	 	0.9965	  	  	 	0.9970	  	  	 	0.9975	  	  	 	0.9979	  
	 56
	  	 	0.9872	  	  	 	0.9886	  	  	 	0.9899	  	  	 	0.9911	  	  	 	0.9922	  	  	 	0.9931	  	  	 	0.9940	  	  	 	0.9948	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9967	  	  	 	0.9972	  	  	 	0.9976	  
	 57
	  	 	0.9858	  	  	 	0.9874	  	  	 	0.9888	  	  	 	0.9901	  	  	 	0.9913	  	  	 	0.9924	  	  	 	0.9934	  	  	 	0.9942	  	  	 	0.9950	  	  	 	0.9957	  	  	 	0.9963	  	  	 	0.9969	  	  	 	0.9974	  
	 58
	  	 	0.9842	  	  	 	0.9859	  	  	 	0.9875	  	  	 	0.9890	  	  	 	0.9903	  	  	 	0.9915	  	  	 	0.9926	  	  	 	0.9936	  	  	 	0.9944	  	  	 	0.9952	  	  	 	0.9959	  	  	 	0.9965	  	  	 	0.9971	  
	 59
	  	 	0.9825	  	  	 	0.9844	  	  	 	0.9862	  	  	 	0.9878	  	  	 	0.9892	  	  	 	0.9906	  	  	 	0.9918	  	  	 	0.9929	  	  	 	0.9938	  	  	 	0.9947	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9967	  
	 60
	  	 	0.9805	  	  	 	0.9826	  	  	 	0.9846	  	  	 	0.9864	  	  	 	0.9880	  	  	 	0.9895	  	  	 	0.9908	  	  	 	0.9920	  	  	 	0.9931	  	  	 	0.9941	  	  	 	0.9949	  	  	 	0.9957	  	  	 	0.9964	  
	 61
	  	 	0.9783	  	  	 	0.9807	  	  	 	0.9828	  	  	 	0.9848	  	  	 	0.9866	  	  	 	0.9883	  	  	 	0.9898	  	  	 	0.9911	  	  	 	0.9923	  	  	 	0.9934	  	  	 	0.9943	  	  	 	0.9952	  	  	 	0.9959	  
	 62
	  	 	0.9759	  	  	 	0.9785	  	  	 	0.9809	  	  	 	0.9831	  	  	 	0.9851	  	  	 	0.9869	  	  	 	0.9886	  	  	 	0.9900	  	  	 	0.9914	  	  	 	0.9926	  	  	 	0.9937	  	  	 	0.9946	  	  	 	0.9955	  
	 63
	  	 	0.9732	  	  	 	0.9760	  	  	 	0.9787	  	  	 	0.9811	  	  	 	0.9834	  	  	 	0.9854	  	  	 	0.9872	  	  	 	0.9889	  	  	 	0.9904	  	  	 	0.9917	  	  	 	0.9929	  	  	 	0.9940	  	  	 	0.9949	  
	 64
	  	 	0.9702	  	  	 	0.9733	  	  	 	0.9763	  	  	 	0.9790	  	  	 	0.9814	  	  	 	0.9837	  	  	 	0.9857	  	  	 	0.9875	  	  	 	0.9892	  	  	 	0.9907	  	  	 	0.9920	  	  	 	0.9932	  	  	 	0.9943	  
	 65
	  	 	0.9669	  	  	 	0.9704	  	  	 	0.9736	  	  	 	0.9766	  	  	 	0.9793	  	  	 	0.9818	  	  	 	0.9840	  	  	 	0.9861	  	  	 	0.9879	  	  	 	0.9896	  	  	 	0.9911	  	  	 	0.9924	  	  	 	0.9936	  
	 66
	  	 	0.9633	  	  	 	0.9671	  	  	 	0.9706	  	  	 	0.9739	  	  	 	0.9769	  	  	 	0.9797	  	  	 	0.9822	  	  	 	0.9845	  	  	 	0.9865	  	  	 	0.9884	  	  	 	0.9900	  	  	 	0.9915	  	  	 	0.9928	  
	 67
	  	 	0.9594	  	  	 	0.9636	  	  	 	0.9675	  	  	 	0.9711	  	  	 	0.9744	  	  	 	0.9774	  	  	 	0.9802	  	  	 	0.9827	  	  	 	0.9850	  	  	 	0.9870	  	  	 	0.9889	  	  	 	0.9905	  	  	 	0.9920	  
	 68
	  	 	0.9552	  	  	 	0.9598	  	  	 	0.9641	  	  	 	0.9680	  	  	 	0.9717	  	  	 	0.9750	  	  	 	0.9780	  	  	 	0.9808	  	  	 	0.9833	  	  	 	0.9856	  	  	 	0.9876	  	  	 	0.9894	  	  	 	0.9911	  
	 69
	  	 	0.9506	  	  	 	0.9556	  	  	 	0.9603	  	  	 	0.9647	  	  	 	0.9687	  	  	 	0.9723	  	  	 	0.9757	  	  	 	0.9787	  	  	 	0.9815	  	  	 	0.9840	  	  	 	0.9863	  	  	 	0.9883	  	  	 	0.9901	  
	 70
	  	 	0.9454	  	  	 	0.9509	  	  	 	0.9561	  	  	 	0.9609	  	  	 	0.9653	  	  	 	0.9693	  	  	 	0.9730	  	  	 	0.9764	  	  	 	0.9795	  	  	 	0.9822	  	  	 	0.9847	  	  	 	0.9869	  	  	 	0.9889	  
	 71
	  	 	0.9397	  	  	 	0.9457	  	  	 	0.9514	  	  	 	0.9566	  	  	 	0.9615	  	  	 	0.9659	  	  	 	0.9700	  	  	 	0.9737	  	  	 	0.9771	  	  	 	0.9802	  	  	 	0.9830	  	  	 	0.9854	  	  	 	0.9877	  
	 72
	  	 	0.9333	  	  	 	0.9399	  	  	 	0.9461	  	  	 	0.9519	  	  	 	0.9572	  	  	 	0.9621	  	  	 	0.9666	  	  	 	0.9707	  	  	 	0.9745	  	  	 	0.9779	  	  	 	0.9810	  	  	 	0.9837	  	  	 	0.9862	  
	 73
	  	 	0.9262	  	  	 	0.9334	  	  	 	0.9402	  	  	 	0.9465	  	  	 	0.9524	  	  	 	0.9578	  	  	 	0.9628	  	  	 	0.9673	  	  	 	0.9715	  	  	 	0.9753	  	  	 	0.9787	  	  	 	0.9818	  	  	 	0.9845	  
	 74
	  	 	0.9184	  	  	 	0.9262	  	  	 	0.9336	  	  	 	0.9405	  	  	 	0.9470	  	  	 	0.9530	  	  	 	0.9584	  	  	 	0.9635	  	  	 	0.9681	  	  	 	0.9723	  	  	 	0.9761	  	  	 	0.9796	  	  	 	0.9826	  
	 75
	  	 	0.9098	  	  	 	0.9183	  	  	 	0.9263	  	  	 	0.9339	  	  	 	0.9410	  	  	 	0.9476	  	  	 	0.9536	  	  	 	0.9592	  	  	 	0.9643	  	  	 	0.9690	  	  	 	0.9732	  	  	 	0.9771	  	  	 	0.9805	  
	 76
	  	 	0.9003	  	  	 	0.9096	  	  	 	0.9183	  	  	 	0.9266	  	  	 	0.9344	  	  	 	0.9416	  	  	 	0.9482	  	  	 	0.9544	  	  	 	0.9601	  	  	 	0.9653	  	  	 	0.9700	  	  	 	0.9742	  	  	 	0.9780	  
	 77
	  	 	0.8901	  	  	 	0.9001	  	  	 	0.9096	  	  	 	0.9186	  	  	 	0.9271	  	  	 	0.9350	  	  	 	0.9423	  	  	 	0.9491	  	  	 	0.9554	  	  	 	0.9611	  	  	 	0.9663	  	  	 	0.9711	  	  	 	0.9753	  
	 78
	  	 	0.8791	  	  	 	0.8898	  	  	 	0.9001	  	  	 	0.9099	  	  	 	0.9191	  	  	 	0.9278	  	  	 	0.9358	  	  	 	0.9433	  	  	 	0.9502	  	  	 	0.9565	  	  	 	0.9623	  	  	 	0.9676	  	  	 	0.9723	  
	 79
	  	 	0.8671	  	  	 	0.8787	  	  	 	0.8898	  	  	 	0.9004	  	  	 	0.9104	  	  	 	0.9198	  	  	 	0.9286	  	  	 	0.9368	  	  	 	0.9444	  	  	 	0.9514	  	  	 	0.9578	  	  	 	0.9636	  	  	 	0.9689	  
	 80
	  	 	0.8541	  	  	 	0.8665	  	  	 	0.8785	  	  	 	0.8899	  	  	 	0.9007	  	  	 	0.9110	  	  	 	0.9206	  	  	 	0.9296	  	  	 	0.9379	  	  	 	0.9457	  	  	 	0.9527	  	  	 	0.9592	  	  	 	0.9651	  

  
 6 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	35	 	  	36	 	  	37	 	  	38	 	  	39	 	  	40	 	  	41	 	  	42	 	  	43	 	  	44	 	  	45	 	  	46	 	  	47	 
	 55
	  	 	0.8819	  	  	 	0.8839	  	  	 	0.8860	  	  	 	0.8882	  	  	 	0.8904	  	  	 	0.8927	  	  	 	0.8950	  	  	 	0.8975	  	  	 	0.8999	  	  	 	0.9025	  	  	 	0.9051	  	  	 	0.9077	  	  	 	0.9104	  
	 56
	  	 	0.8741	  	  	 	0.8762	  	  	 	0.8783	  	  	 	0.8805	  	  	 	0.8828	  	  	 	0.8852	  	  	 	0.8876	  	  	 	0.8901	  	  	 	0.8927	  	  	 	0.8953	  	  	 	0.8980	  	  	 	0.9008	  	  	 	0.9036	  
	 57
	  	 	0.8659	  	  	 	0.8680	  	  	 	0.8702	  	  	 	0.8724	  	  	 	0.8748	  	  	 	0.8772	  	  	 	0.8797	  	  	 	0.8823	  	  	 	0.8850	  	  	 	0.8877	  	  	 	0.8905	  	  	 	0.8934	  	  	 	0.8963	  
	 58
	  	 	0.8572	  	  	 	0.8594	  	  	 	0.8616	  	  	 	0.8640	  	  	 	0.8664	  	  	 	0.8689	  	  	 	0.8715	  	  	 	0.8741	  	  	 	0.8769	  	  	 	0.8797	  	  	 	0.8826	  	  	 	0.8856	  	  	 	0.8887	  
	 59
	  	 	0.8482	  	  	 	0.8504	  	  	 	0.8527	  	  	 	0.8551	  	  	 	0.8575	  	  	 	0.8601	  	  	 	0.8628	  	  	 	0.8655	  	  	 	0.8684	  	  	 	0.8713	  	  	 	0.8743	  	  	 	0.8774	  	  	 	0.8805	  
	 60
	  	 	0.8387	  	  	 	0.8410	  	  	 	0.8433	  	  	 	0.8457	  	  	 	0.8483	  	  	 	0.8509	  	  	 	0.8536	  	  	 	0.8564	  	  	 	0.8594	  	  	 	0.8624	  	  	 	0.8655	  	  	 	0.8687	  	  	 	0.8719	  
	 61
	  	 	0.8288	  	  	 	0.8311	  	  	 	0.8335	  	  	 	0.8359	  	  	 	0.8385	  	  	 	0.8412	  	  	 	0.8440	  	  	 	0.8469	  	  	 	0.8499	  	  	 	0.8530	  	  	 	0.8562	  	  	 	0.8595	  	  	 	0.8629	  
	 62
	  	 	0.8184	  	  	 	0.8208	  	  	 	0.8232	  	  	 	0.8257	  	  	 	0.8284	  	  	 	0.8311	  	  	 	0.8340	  	  	 	0.8369	  	  	 	0.8400	  	  	 	0.8432	  	  	 	0.8464	  	  	 	0.8498	  	  	 	0.8533	  
	 63
	  	 	0.8076	  	  	 	0.8100	  	  	 	0.8125	  	  	 	0.8150	  	  	 	0.8177	  	  	 	0.8205	  	  	 	0.8234	  	  	 	0.8265	  	  	 	0.8296	  	  	 	0.8329	  	  	 	0.8362	  	  	 	0.8397	  	  	 	0.8433	  
	 64
	  	 	0.7965	  	  	 	0.7988	  	  	 	0.8013	  	  	 	0.8040	  	  	 	0.8067	  	  	 	0.8095	  	  	 	0.8125	  	  	 	0.8156	  	  	 	0.8188	  	  	 	0.8221	  	  	 	0.8256	  	  	 	0.8291	  	  	 	0.8328	  
	 65
	  	 	0.7849	  	  	 	0.7873	  	  	 	0.7898	  	  	 	0.7925	  	  	 	0.7952	  	  	 	0.7981	  	  	 	0.8011	  	  	 	0.8043	  	  	 	0.8076	  	  	 	0.8110	  	  	 	0.8145	  	  	 	0.8181	  	  	 	0.8219	  
	 66
	  	 	0.7729	  	  	 	0.7753	  	  	 	0.7779	  	  	 	0.7806	  	  	 	0.7834	  	  	 	0.7863	  	  	 	0.7894	  	  	 	0.7926	  	  	 	0.7959	  	  	 	0.7994	  	  	 	0.8030	  	  	 	0.8067	  	  	 	0.8106	  
	 67
	  	 	0.7606	  	  	 	0.7631	  	  	 	0.7657	  	  	 	0.7684	  	  	 	0.7712	  	  	 	0.7742	  	  	 	0.7773	  	  	 	0.7805	  	  	 	0.7839	  	  	 	0.7874	  	  	 	0.7911	  	  	 	0.7949	  	  	 	0.7988	  
	 68
	  	 	0.7480	  	  	 	0.7505	  	  	 	0.7531	  	  	 	0.7558	  	  	 	0.7587	  	  	 	0.7617	  	  	 	0.7648	  	  	 	0.7681	  	  	 	0.7715	  	  	 	0.7751	  	  	 	0.7788	  	  	 	0.7827	  	  	 	0.7867	  
	 69
	  	 	0.7349	  	  	 	0.7374	  	  	 	0.7400	  	  	 	0.7428	  	  	 	0.7457	  	  	 	0.7487	  	  	 	0.7519	  	  	 	0.7552	  	  	 	0.7587	  	  	 	0.7623	  	  	 	0.7661	  	  	 	0.7700	  	  	 	0.7741	  
	 70
	  	 	0.7214	  	  	 	0.7239	  	  	 	0.7265	  	  	 	0.7293	  	  	 	0.7322	  	  	 	0.7352	  	  	 	0.7384	  	  	 	0.7418	  	  	 	0.7453	  	  	 	0.7490	  	  	 	0.7528	  	  	 	0.7568	  	  	 	0.7609	  
	 71
	  	 	0.7073	  	  	 	0.7098	  	  	 	0.7125	  	  	 	0.7152	  	  	 	0.7182	  	  	 	0.7212	  	  	 	0.7245	  	  	 	0.7278	  	  	 	0.7314	  	  	 	0.7351	  	  	 	0.7389	  	  	 	0.7430	  	  	 	0.7472	  
	 72
	  	 	0.6927	  	  	 	0.6953	  	  	 	0.6979	  	  	 	0.7007	  	  	 	0.7036	  	  	 	0.7067	  	  	 	0.7100	  	  	 	0.7134	  	  	 	0.7169	  	  	 	0.7206	  	  	 	0.7245	  	  	 	0.7286	  	  	 	0.7328	  
	 73
	  	 	0.6777	  	  	 	0.6802	  	  	 	0.6829	  	  	 	0.6856	  	  	 	0.6886	  	  	 	0.6917	  	  	 	0.6949	  	  	 	0.6983	  	  	 	0.7019	  	  	 	0.7057	  	  	 	0.7096	  	  	 	0.7137	  	  	 	0.7180	  
	 74
	  	 	0.6622	  	  	 	0.6647	  	  	 	0.6674	  	  	 	0.6702	  	  	 	0.6731	  	  	 	0.6762	  	  	 	0.6795	  	  	 	0.6829	  	  	 	0.6865	  	  	 	0.6902	  	  	 	0.6942	  	  	 	0.6983	  	  	 	0.7026	  
	 75
	  	 	0.6464	  	  	 	0.6489	  	  	 	0.6515	  	  	 	0.6543	  	  	 	0.6572	  	  	 	0.6603	  	  	 	0.6636	  	  	 	0.6670	  	  	 	0.6706	  	  	 	0.6743	  	  	 	0.6783	  	  	 	0.6824	  	  	 	0.6867	  
	 76
	  	 	0.6302	  	  	 	0.6326	  	  	 	0.6353	  	  	 	0.6380	  	  	 	0.6410	  	  	 	0.6440	  	  	 	0.6473	  	  	 	0.6507	  	  	 	0.6543	  	  	 	0.6581	  	  	 	0.6620	  	  	 	0.6662	  	  	 	0.6705	  
	 77
	  	 	0.6137	  	  	 	0.6162	  	  	 	0.6188	  	  	 	0.6215	  	  	 	0.6244	  	  	 	0.6275	  	  	 	0.6307	  	  	 	0.6341	  	  	 	0.6377	  	  	 	0.6415	  	  	 	0.6454	  	  	 	0.6496	  	  	 	0.6539	  
	 78
	  	 	0.5970	  	  	 	0.5995	  	  	 	0.6021	  	  	 	0.6048	  	  	 	0.6077	  	  	 	0.6107	  	  	 	0.6139	  	  	 	0.6173	  	  	 	0.6209	  	  	 	0.6246	  	  	 	0.6286	  	  	 	0.6327	  	  	 	0.6370	  
	 79
	  	 	0.5801	  	  	 	0.5825	  	  	 	0.5850	  	  	 	0.5877	  	  	 	0.5906	  	  	 	0.5936	  	  	 	0.5968	  	  	 	0.6002	  	  	 	0.6037	  	  	 	0.6074	  	  	 	0.6114	  	  	 	0.6155	  	  	 	0.6198	  
	 80
	  	 	0.5629	  	  	 	0.5652	  	  	 	0.5678	  	  	 	0.5705	  	  	 	0.5733	  	  	 	0.5763	  	  	 	0.5794	  	  	 	0.5828	  	  	 	0.5863	  	  	 	0.5900	  	  	 	0.5939	  	  	 	0.5979	  	  	 	0.6022	  

  
 7 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	48	 	  	49	 	  	50	 	  	51	 	  	52	 	  	53	 	  	54	 	  	55	 	  	56	 	  	57	 	  	58	 	  	59	 	  	60	 
	 55
	  	 	0.9132	  	  	 	0.9160	  	  	 	0.9188	  	  	 	0.9216	  	  	 	0.9244	  	  	 	0.9273	  	  	 	0.9302	  	  	 	0.9330	  	  	 	0.9359	  	  	 	0.9388	  	  	 	0.9416	  	  	 	0.9444	  	  	 	0.9472	  
	 56
	  	 	0.9065	  	  	 	0.9094	  	  	 	0.9123	  	  	 	0.9153	  	  	 	0.9183	  	  	 	0.9213	  	  	 	0.9243	  	  	 	0.9274	  	  	 	0.9304	  	  	 	0.9334	  	  	 	0.9365	  	  	 	0.9395	  	  	 	0.9424	  
	 57
	  	 	0.8993	  	  	 	0.9024	  	  	 	0.9054	  	  	 	0.9086	  	  	 	0.9117	  	  	 	0.9149	  	  	 	0.9181	  	  	 	0.9213	  	  	 	0.9245	  	  	 	0.9277	  	  	 	0.9309	  	  	 	0.9341	  	  	 	0.9373	  
	 58
	  	 	0.8918	  	  	 	0.8949	  	  	 	0.8981	  	  	 	0.9014	  	  	 	0.9047	  	  	 	0.9081	  	  	 	0.9114	  	  	 	0.9148	  	  	 	0.9182	  	  	 	0.9216	  	  	 	0.9250	  	  	 	0.9284	  	  	 	0.9317	  
	 59
	  	 	0.8838	  	  	 	0.8871	  	  	 	0.8904	  	  	 	0.8938	  	  	 	0.8973	  	  	 	0.9008	  	  	 	0.9043	  	  	 	0.9079	  	  	 	0.9114	  	  	 	0.9150	  	  	 	0.9186	  	  	 	0.9222	  	  	 	0.9258	  
	 60
	  	 	0.8753	  	  	 	0.8787	  	  	 	0.8822	  	  	 	0.8857	  	  	 	0.8894	  	  	 	0.8930	  	  	 	0.8967	  	  	 	0.9004	  	  	 	0.9042	  	  	 	0.9080	  	  	 	0.9118	  	  	 	0.9156	  	  	 	0.9194	  
	 61
	  	 	0.8663	  	  	 	0.8699	  	  	 	0.8735	  	  	 	0.8772	  	  	 	0.8809	  	  	 	0.8848	  	  	 	0.8886	  	  	 	0.8925	  	  	 	0.8965	  	  	 	0.9005	  	  	 	0.9045	  	  	 	0.9085	  	  	 	0.9125	  
	 62
	  	 	0.8569	  	  	 	0.8606	  	  	 	0.8643	  	  	 	0.8681	  	  	 	0.8720	  	  	 	0.8760	  	  	 	0.8801	  	  	 	0.8841	  	  	 	0.8883	  	  	 	0.8925	  	  	 	0.8967	  	  	 	0.9009	  	  	 	0.9051	  
	 63
	  	 	0.8470	  	  	 	0.8508	  	  	 	0.8546	  	  	 	0.8586	  	  	 	0.8627	  	  	 	0.8668	  	  	 	0.8710	  	  	 	0.8753	  	  	 	0.8796	  	  	 	0.8840	  	  	 	0.8884	  	  	 	0.8928	  	  	 	0.8973	  
	 64
	  	 	0.8366	  	  	 	0.8405	  	  	 	0.8445	  	  	 	0.8486	  	  	 	0.8528	  	  	 	0.8571	  	  	 	0.8614	  	  	 	0.8659	  	  	 	0.8704	  	  	 	0.8750	  	  	 	0.8796	  	  	 	0.8842	  	  	 	0.8889	  
	 65
	  	 	0.8258	  	  	 	0.8298	  	  	 	0.8339	  	  	 	0.8381	  	  	 	0.8425	  	  	 	0.8469	  	  	 	0.8514	  	  	 	0.8560	  	  	 	0.8607	  	  	 	0.8655	  	  	 	0.8703	  	  	 	0.8752	  	  	 	0.8801	  
	 66
	  	 	0.8145	  	  	 	0.8186	  	  	 	0.8229	  	  	 	0.8272	  	  	 	0.8317	  	  	 	0.8362	  	  	 	0.8409	  	  	 	0.8457	  	  	 	0.8506	  	  	 	0.8555	  	  	 	0.8605	  	  	 	0.8656	  	  	 	0.8708	  
	 67
	  	 	0.8029	  	  	 	0.8071	  	  	 	0.8114	  	  	 	0.8159	  	  	 	0.8205	  	  	 	0.8252	  	  	 	0.8300	  	  	 	0.8349	  	  	 	0.8400	  	  	 	0.8451	  	  	 	0.8503	  	  	 	0.8556	  	  	 	0.8610	  
	 68
	  	 	0.7908	  	  	 	0.7951	  	  	 	0.7996	  	  	 	0.8041	  	  	 	0.8088	  	  	 	0.8137	  	  	 	0.8186	  	  	 	0.8237	  	  	 	0.8289	  	  	 	0.8342	  	  	 	0.8396	  	  	 	0.8451	  	  	 	0.8507	  
	 69
	  	 	0.7783	  	  	 	0.7827	  	  	 	0.7872	  	  	 	0.7919	  	  	 	0.7967	  	  	 	0.8016	  	  	 	0.8067	  	  	 	0.8120	  	  	 	0.8173	  	  	 	0.8228	  	  	 	0.8284	  	  	 	0.8341	  	  	 	0.8399	  
	 70
	  	 	0.7652	  	  	 	0.7696	  	  	 	0.7742	  	  	 	0.7790	  	  	 	0.7839	  	  	 	0.7890	  	  	 	0.7942	  	  	 	0.7996	  	  	 	0.8051	  	  	 	0.8107	  	  	 	0.8165	  	  	 	0.8224	  	  	 	0.8284	  
	 71
	  	 	0.7515	  	  	 	0.7560	  	  	 	0.7607	  	  	 	0.7656	  	  	 	0.7706	  	  	 	0.7757	  	  	 	0.7811	  	  	 	0.7866	  	  	 	0.7922	  	  	 	0.7980	  	  	 	0.8040	  	  	 	0.8100	  	  	 	0.8162	  
	 72
	  	 	0.7372	  	  	 	0.7418	  	  	 	0.7466	  	  	 	0.7515	  	  	 	0.7566	  	  	 	0.7619	  	  	 	0.7673	  	  	 	0.7729	  	  	 	0.7787	  	  	 	0.7846	  	  	 	0.7907	  	  	 	0.7970	  	  	 	0.8034	  
	 73
	  	 	0.7224	  	  	 	0.7270	  	  	 	0.7318	  	  	 	0.7368	  	  	 	0.7420	  	  	 	0.7474	  	  	 	0.7529	  	  	 	0.7586	  	  	 	0.7645	  	  	 	0.7706	  	  	 	0.7769	  	  	 	0.7833	  	  	 	0.7898	  
	 74
	  	 	0.7071	  	  	 	0.7117	  	  	 	0.7166	  	  	 	0.7216	  	  	 	0.7269	  	  	 	0.7323	  	  	 	0.7379	  	  	 	0.7437	  	  	 	0.7497	  	  	 	0.7560	  	  	 	0.7623	  	  	 	0.7689	  	  	 	0.7756	  
	 75
	  	 	0.6913	  	  	 	0.6959	  	  	 	0.7008	  	  	 	0.7059	  	  	 	0.7112	  	  	 	0.7167	  	  	 	0.7224	  	  	 	0.7283	  	  	 	0.7344	  	  	 	0.7407	  	  	 	0.7472	  	  	 	0.7539	  	  	 	0.7608	  
	 76
	  	 	0.6750	  	  	 	0.6797	  	  	 	0.6847	  	  	 	0.6898	  	  	 	0.6951	  	  	 	0.7007	  	  	 	0.7064	  	  	 	0.7124	  	  	 	0.7186	  	  	 	0.7250	  	  	 	0.7316	  	  	 	0.7384	  	  	 	0.7455	  
	 77
	  	 	0.6584	  	  	 	0.6632	  	  	 	0.6681	  	  	 	0.6732	  	  	 	0.6786	  	  	 	0.6842	  	  	 	0.6900	  	  	 	0.6960	  	  	 	0.7023	  	  	 	0.7087	  	  	 	0.7155	  	  	 	0.7224	  	  	 	0.7295	  
	 78
	  	 	0.6416	  	  	 	0.6463	  	  	 	0.6512	  	  	 	0.6564	  	  	 	0.6618	  	  	 	0.6674	  	  	 	0.6732	  	  	 	0.6793	  	  	 	0.6856	  	  	 	0.6921	  	  	 	0.6989	  	  	 	0.7059	  	  	 	0.7132	  
	 79
	  	 	0.6243	  	  	 	0.6290	  	  	 	0.6340	  	  	 	0.6391	  	  	 	0.6445	  	  	 	0.6501	  	  	 	0.6560	  	  	 	0.6621	  	  	 	0.6684	  	  	 	0.6750	  	  	 	0.6819	  	  	 	0.6889	  	  	 	0.6963	  
	 80
	  	 	0.6067	  	  	 	0.6114	  	  	 	0.6163	  	  	 	0.6215	  	  	 	0.6269	  	  	 	0.6325	  	  	 	0.6383	  	  	 	0.6444	  	  	 	0.6508	  	  	 	0.6574	  	  	 	0.6643	  	  	 	0.6715	  	  	 	0.6789	  

  
 8 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	61	 	  	62	 	  	63	 	  	64	 	  	65	 	  	66	 	  	67	 	  	68	 	  	69	 	  	70	 	  	71	 	  	72	 	  	73	 
	 55
	  	 	0.9499	  	  	 	0.9526	  	  	 	0.9552	  	  	 	0.9578	  	  	 	0.9603	  	  	 	0.9627	  	  	 	0.9650	  	  	 	0.9673	  	  	 	0.9695	  	  	 	0.9716	  	  	 	0.9736	  	  	 	0.9755	  	  	 	0.9774	  
	 56
	  	 	0.9453	  	  	 	0.9482	  	  	 	0.9510	  	  	 	0.9538	  	  	 	0.9565	  	  	 	0.9591	  	  	 	0.9616	  	  	 	0.9641	  	  	 	0.9665	  	  	 	0.9687	  	  	 	0.9710	  	  	 	0.9731	  	  	 	0.9751	  
	 57
	  	 	0.9404	  	  	 	0.9435	  	  	 	0.9465	  	  	 	0.9495	  	  	 	0.9524	  	  	 	0.9552	  	  	 	0.9579	  	  	 	0.9606	  	  	 	0.9632	  	  	 	0.9656	  	  	 	0.9680	  	  	 	0.9703	  	  	 	0.9725	  
	 58
	  	 	0.9351	  	  	 	0.9384	  	  	 	0.9416	  	  	 	0.9448	  	  	 	0.9479	  	  	 	0.9510	  	  	 	0.9539	  	  	 	0.9568	  	  	 	0.9595	  	  	 	0.9622	  	  	 	0.9648	  	  	 	0.9673	  	  	 	0.9697	  
	 59
	  	 	0.9293	  	  	 	0.9329	  	  	 	0.9363	  	  	 	0.9397	  	  	 	0.9431	  	  	 	0.9463	  	  	 	0.9495	  	  	 	0.9526	  	  	 	0.9556	  	  	 	0.9585	  	  	 	0.9613	  	  	 	0.9641	  	  	 	0.9667	  
	 60
	  	 	0.9232	  	  	 	0.9269	  	  	 	0.9306	  	  	 	0.9342	  	  	 	0.9378	  	  	 	0.9413	  	  	 	0.9447	  	  	 	0.9481	  	  	 	0.9513	  	  	 	0.9545	  	  	 	0.9575	  	  	 	0.9605	  	  	 	0.9633	  
	 61
	  	 	0.9165	  	  	 	0.9205	  	  	 	0.9244	  	  	 	0.9283	  	  	 	0.9321	  	  	 	0.9359	  	  	 	0.9395	  	  	 	0.9431	  	  	 	0.9466	  	  	 	0.9500	  	  	 	0.9533	  	  	 	0.9565	  	  	 	0.9596	  
	 62
	  	 	0.9094	  	  	 	0.9136	  	  	 	0.9178	  	  	 	0.9219	  	  	 	0.9260	  	  	 	0.9300	  	  	 	0.9339	  	  	 	0.9378	  	  	 	0.9415	  	  	 	0.9452	  	  	 	0.9487	  	  	 	0.9522	  	  	 	0.9556	  
	 63
	  	 	0.9017	  	  	 	0.9062	  	  	 	0.9106	  	  	 	0.9150	  	  	 	0.9194	  	  	 	0.9237	  	  	 	0.9278	  	  	 	0.9320	  	  	 	0.9360	  	  	 	0.9399	  	  	 	0.9438	  	  	 	0.9475	  	  	 	0.9511	  
	 64
	  	 	0.8936	  	  	 	0.8983	  	  	 	0.9030	  	  	 	0.9077	  	  	 	0.9123	  	  	 	0.9168	  	  	 	0.9213	  	  	 	0.9257	  	  	 	0.9300	  	  	 	0.9343	  	  	 	0.9384	  	  	 	0.9424	  	  	 	0.9463	  
	 65
	  	 	0.8850	  	  	 	0.8900	  	  	 	0.8949	  	  	 	0.8998	  	  	 	0.9047	  	  	 	0.9096	  	  	 	0.9143	  	  	 	0.9190	  	  	 	0.9236	  	  	 	0.9281	  	  	 	0.9326	  	  	 	0.9369	  	  	 	0.9411	  
	 66
	  	 	0.8759	  	  	 	0.8811	  	  	 	0.8863	  	  	 	0.8915	  	  	 	0.8967	  	  	 	0.9018	  	  	 	0.9069	  	  	 	0.9119	  	  	 	0.9168	  	  	 	0.9216	  	  	 	0.9264	  	  	 	0.9310	  	  	 	0.9355	  
	 67
	  	 	0.8664	  	  	 	0.8718	  	  	 	0.8773	  	  	 	0.8828	  	  	 	0.8882	  	  	 	0.8936	  	  	 	0.8990	  	  	 	0.9043	  	  	 	0.9095	  	  	 	0.9146	  	  	 	0.9197	  	  	 	0.9247	  	  	 	0.9296	  
	 68
	  	 	0.8564	  	  	 	0.8621	  	  	 	0.8678	  	  	 	0.8735	  	  	 	0.8792	  	  	 	0.8849	  	  	 	0.8906	  	  	 	0.8962	  	  	 	0.9017	  	  	 	0.9072	  	  	 	0.9126	  	  	 	0.9180	  	  	 	0.9232	  
	 69
	  	 	0.8458	  	  	 	0.8517	  	  	 	0.8577	  	  	 	0.8637	  	  	 	0.8697	  	  	 	0.8757	  	  	 	0.8816	  	  	 	0.8875	  	  	 	0.8934	  	  	 	0.8992	  	  	 	0.9050	  	  	 	0.9107	  	  	 	0.9162	  
	 70
	  	 	0.8345	  	  	 	0.8407	  	  	 	0.8469	  	  	 	0.8532	  	  	 	0.8595	  	  	 	0.8658	  	  	 	0.8720	  	  	 	0.8782	  	  	 	0.8844	  	  	 	0.8906	  	  	 	0.8967	  	  	 	0.9028	  	  	 	0.9087	  
	 71
	  	 	0.8225	  	  	 	0.8290	  	  	 	0.8354	  	  	 	0.8420	  	  	 	0.8485	  	  	 	0.8551	  	  	 	0.8617	  	  	 	0.8682	  	  	 	0.8748	  	  	 	0.8813	  	  	 	0.8878	  	  	 	0.8942	  	  	 	0.9005	  
	 72
	  	 	0.8099	  	  	 	0.8165	  	  	 	0.8233	  	  	 	0.8301	  	  	 	0.8369	  	  	 	0.8438	  	  	 	0.8506	  	  	 	0.8575	  	  	 	0.8644	  	  	 	0.8713	  	  	 	0.8781	  	  	 	0.8849	  	  	 	0.8916	  
	 73
	  	 	0.7966	  	  	 	0.8034	  	  	 	0.8104	  	  	 	0.8174	  	  	 	0.8245	  	  	 	0.8317	  	  	 	0.8388	  	  	 	0.8460	  	  	 	0.8532	  	  	 	0.8605	  	  	 	0.8677	  	  	 	0.8749	  	  	 	0.8820	  
	 74
	  	 	0.7826	  	  	 	0.7896	  	  	 	0.7968	  	  	 	0.8041	  	  	 	0.8114	  	  	 	0.8189	  	  	 	0.8263	  	  	 	0.8338	  	  	 	0.8414	  	  	 	0.8489	  	  	 	0.8565	  	  	 	0.8641	  	  	 	0.8716	  
	 75
	  	 	0.7679	  	  	 	0.7752	  	  	 	0.7825	  	  	 	0.7900	  	  	 	0.7977	  	  	 	0.8054	  	  	 	0.8131	  	  	 	0.8209	  	  	 	0.8288	  	  	 	0.8367	  	  	 	0.8447	  	  	 	0.8526	  	  	 	0.8606	  
	 76
	  	 	0.7527	  	  	 	0.7601	  	  	 	0.7677	  	  	 	0.7754	  	  	 	0.7832	  	  	 	0.7912	  	  	 	0.7992	  	  	 	0.8073	  	  	 	0.8155	  	  	 	0.8237	  	  	 	0.8321	  	  	 	0.8404	  	  	 	0.8488	  
	 77
	  	 	0.7369	  	  	 	0.7445	  	  	 	0.7522	  	  	 	0.7601	  	  	 	0.7682	  	  	 	0.7764	  	  	 	0.7847	  	  	 	0.7930	  	  	 	0.8015	  	  	 	0.8101	  	  	 	0.8188	  	  	 	0.8275	  	  	 	0.8362	  
	 78
	  	 	0.7207	  	  	 	0.7284	  	  	 	0.7363	  	  	 	0.7444	  	  	 	0.7527	  	  	 	0.7611	  	  	 	0.7696	  	  	 	0.7782	  	  	 	0.7870	  	  	 	0.7959	  	  	 	0.8049	  	  	 	0.8139	  	  	 	0.8231	  
	 79
	  	 	0.7039	  	  	 	0.7117	  	  	 	0.7198	  	  	 	0.7280	  	  	 	0.7364	  	  	 	0.7450	  	  	 	0.7538	  	  	 	0.7626	  	  	 	0.7717	  	  	 	0.7809	  	  	 	0.7902	  	  	 	0.7996	  	  	 	0.8091	  
	 80
	  	 	0.6866	  	  	 	0.6945	  	  	 	0.7027	  	  	 	0.7110	  	  	 	0.7196	  	  	 	0.7284	  	  	 	0.7373	  	  	 	0.7464	  	  	 	0.7557	  	  	 	0.7651	  	  	 	0.7748	  	  	 	0.7845	  	  	 	0.7944	  

  
 9 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	74	 	  	75	 	  	76	 	  	77	 	  	78	 	  	79	 	  	80	 	  	81	 	  	82	 	  	83	 	  	84	 	  	85	 	  	86	 
	 55
	  	 	0.9792	  	  	 	0.9808	  	  	 	0.9824	  	  	 	0.9839	  	  	 	0.9853	  	  	 	0.9866	  	  	 	0.9878	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9910	  	  	 	0.9919	  	  	 	0.9927	  	  	 	0.9935	  
	 56
	  	 	0.9770	  	  	 	0.9789	  	  	 	0.9806	  	  	 	0.9822	  	  	 	0.9837	  	  	 	0.9852	  	  	 	0.9865	  	  	 	0.9878	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9910	  	  	 	0.9919	  	  	 	0.9928	  
	 57
	  	 	0.9747	  	  	 	0.9767	  	  	 	0.9785	  	  	 	0.9803	  	  	 	0.9820	  	  	 	0.9836	  	  	 	0.9851	  	  	 	0.9864	  	  	 	0.9877	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9910	  	  	 	0.9920	  
	 58
	  	 	0.9720	  	  	 	0.9742	  	  	 	0.9763	  	  	 	0.9783	  	  	 	0.9801	  	  	 	0.9818	  	  	 	0.9835	  	  	 	0.9850	  	  	 	0.9864	  	  	 	0.9877	  	  	 	0.9889	  	  	 	0.9900	  	  	 	0.9911	  
	 59
	  	 	0.9692	  	  	 	0.9716	  	  	 	0.9738	  	  	 	0.9760	  	  	 	0.9780	  	  	 	0.9799	  	  	 	0.9817	  	  	 	0.9834	  	  	 	0.9849	  	  	 	0.9863	  	  	 	0.9877	  	  	 	0.9889	  	  	 	0.9901	  
	 60
	  	 	0.9660	  	  	 	0.9686	  	  	 	0.9711	  	  	 	0.9735	  	  	 	0.9757	  	  	 	0.9778	  	  	 	0.9797	  	  	 	0.9815	  	  	 	0.9833	  	  	 	0.9848	  	  	 	0.9863	  	  	 	0.9877	  	  	 	0.9890	  
	 61
	  	 	0.9626	  	  	 	0.9654	  	  	 	0.9681	  	  	 	0.9707	  	  	 	0.9731	  	  	 	0.9754	  	  	 	0.9775	  	  	 	0.9795	  	  	 	0.9814	  	  	 	0.9832	  	  	 	0.9848	  	  	 	0.9863	  	  	 	0.9877	  
	 62
	  	 	0.9588	  	  	 	0.9619	  	  	 	0.9648	  	  	 	0.9676	  	  	 	0.9702	  	  	 	0.9727	  	  	 	0.9751	  	  	 	0.9773	  	  	 	0.9794	  	  	 	0.9813	  	  	 	0.9831	  	  	 	0.9848	  	  	 	0.9863	  
	 63
	  	 	0.9546	  	  	 	0.9580	  	  	 	0.9612	  	  	 	0.9642	  	  	 	0.9671	  	  	 	0.9698	  	  	 	0.9724	  	  	 	0.9748	  	  	 	0.9771	  	  	 	0.9792	  	  	 	0.9812	  	  	 	0.9831	  	  	 	0.9848	  
	 64
	  	 	0.9501	  	  	 	0.9537	  	  	 	0.9572	  	  	 	0.9605	  	  	 	0.9637	  	  	 	0.9667	  	  	 	0.9695	  	  	 	0.9721	  	  	 	0.9746	  	  	 	0.9770	  	  	 	0.9791	  	  	 	0.9812	  	  	 	0.9831	  
	 65
	  	 	0.9452	  	  	 	0.9491	  	  	 	0.9529	  	  	 	0.9565	  	  	 	0.9599	  	  	 	0.9632	  	  	 	0.9663	  	  	 	0.9692	  	  	 	0.9719	  	  	 	0.9745	  	  	 	0.9769	  	  	 	0.9791	  	  	 	0.9812	  
	 66
	  	 	0.9399	  	  	 	0.9442	  	  	 	0.9483	  	  	 	0.9522	  	  	 	0.9559	  	  	 	0.9594	  	  	 	0.9628	  	  	 	0.9660	  	  	 	0.9689	  	  	 	0.9717	  	  	 	0.9744	  	  	 	0.9768	  	  	 	0.9791	  
	 67
	  	 	0.9343	  	  	 	0.9389	  	  	 	0.9433	  	  	 	0.9475	  	  	 	0.9515	  	  	 	0.9554	  	  	 	0.9590	  	  	 	0.9625	  	  	 	0.9657	  	  	 	0.9688	  	  	 	0.9717	  	  	 	0.9744	  	  	 	0.9769	  
	 68
	  	 	0.9282	  	  	 	0.9332	  	  	 	0.9379	  	  	 	0.9425	  	  	 	0.9468	  	  	 	0.9510	  	  	 	0.9550	  	  	 	0.9587	  	  	 	0.9623	  	  	 	0.9656	  	  	 	0.9688	  	  	 	0.9717	  	  	 	0.9745	  
	 69
	  	 	0.9217	  	  	 	0.9270	  	  	 	0.9321	  	  	 	0.9370	  	  	 	0.9417	  	  	 	0.9462	  	  	 	0.9505	  	  	 	0.9546	  	  	 	0.9585	  	  	 	0.9621	  	  	 	0.9655	  	  	 	0.9688	  	  	 	0.9718	  
	 70
	  	 	0.9145	  	  	 	0.9202	  	  	 	0.9257	  	  	 	0.9310	  	  	 	0.9360	  	  	 	0.9409	  	  	 	0.9456	  	  	 	0.9500	  	  	 	0.9542	  	  	 	0.9582	  	  	 	0.9620	  	  	 	0.9655	  	  	 	0.9688	  
	 71
	  	 	0.9067	  	  	 	0.9128	  	  	 	0.9187	  	  	 	0.9243	  	  	 	0.9298	  	  	 	0.9351	  	  	 	0.9401	  	  	 	0.9450	  	  	 	0.9495	  	  	 	0.9539	  	  	 	0.9580	  	  	 	0.9618	  	  	 	0.9655	  
	 72
	  	 	0.8982	  	  	 	0.9047	  	  	 	0.9110	  	  	 	0.9171	  	  	 	0.9230	  	  	 	0.9287	  	  	 	0.9341	  	  	 	0.9394	  	  	 	0.9443	  	  	 	0.9490	  	  	 	0.9535	  	  	 	0.9578	  	  	 	0.9618	  
	 73
	  	 	0.8890	  	  	 	0.8959	  	  	 	0.9026	  	  	 	0.9092	  	  	 	0.9155	  	  	 	0.9216	  	  	 	0.9275	  	  	 	0.9332	  	  	 	0.9386	  	  	 	0.9437	  	  	 	0.9486	  	  	 	0.9532	  	  	 	0.9576	  
	 74
	  	 	0.8791	  	  	 	0.8864	  	  	 	0.8936	  	  	 	0.9006	  	  	 	0.9074	  	  	 	0.9139	  	  	 	0.9203	  	  	 	0.9264	  	  	 	0.9322	  	  	 	0.9378	  	  	 	0.9431	  	  	 	0.9482	  	  	 	0.9529	  
	 75
	  	 	0.8684	  	  	 	0.8762	  	  	 	0.8838	  	  	 	0.8913	  	  	 	0.8985	  	  	 	0.9056	  	  	 	0.9124	  	  	 	0.9190	  	  	 	0.9253	  	  	 	0.9313	  	  	 	0.9371	  	  	 	0.9426	  	  	 	0.9478	  
	 76
	  	 	0.8571	  	  	 	0.8653	  	  	 	0.8733	  	  	 	0.8813	  	  	 	0.8890	  	  	 	0.8965	  	  	 	0.9039	  	  	 	0.9109	  	  	 	0.9177	  	  	 	0.9242	  	  	 	0.9305	  	  	 	0.9365	  	  	 	0.9422	  
	 77
	  	 	0.8450	  	  	 	0.8536	  	  	 	0.8622	  	  	 	0.8706	  	  	 	0.8788	  	  	 	0.8868	  	  	 	0.8946	  	  	 	0.9022	  	  	 	0.9095	  	  	 	0.9165	  	  	 	0.9233	  	  	 	0.9298	  	  	 	0.9360	  
	 78
	  	 	0.8322	  	  	 	0.8413	  	  	 	0.8503	  	  	 	0.8592	  	  	 	0.8679	  	  	 	0.8764	  	  	 	0.8848	  	  	 	0.8929	  	  	 	0.9007	  	  	 	0.9082	  	  	 	0.9155	  	  	 	0.9225	  	  	 	0.9292	  
	 79
	  	 	0.8187	  	  	 	0.8282	  	  	 	0.8376	  	  	 	0.8470	  	  	 	0.8562	  	  	 	0.8652	  	  	 	0.8741	  	  	 	0.8827	  	  	 	0.8911	  	  	 	0.8992	  	  	 	0.9070	  	  	 	0.9146	  	  	 	0.9219	  
	 80
	  	 	0.8044	  	  	 	0.8143	  	  	 	0.8242	  	  	 	0.8340	  	  	 	0.8437	  	  	 	0.8533	  	  	 	0.8627	  	  	 	0.8718	  	  	 	0.8808	  	  	 	0.8894	  	  	 	0.8978	  	  	 	0.9059	  	  	 	0.9138	  

  
 10 

 Kewaunee Scientific Corporation 
 Joint & Survivor 50% Payable Immediately 
 84UP00 Mortality @ 7.00%

  
  

 

																																																					
	Unisex	  	Ben Age — Years	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 	  	 	 
	Part Age — Years	  	87	 	  	88	 	  	89	 	  	90	 	  	91	 	  	92	 	  	93	 	  	94	 	  	95	 	  	96	 	  	97	 	  	98	 	  	99	 
	 55
	  	 	0.9942	  	  	 	0.9948	  	  	 	0.9954	  	  	 	0.9960	  	  	 	0.9965	  	  	 	0.9969	  	  	 	0.9973	  	  	 	0.9977	  	  	 	0.9980	  	  	 	0.9983	  	  	 	0.9985	  	  	 	0.9987	  	  	 	0.9989	  
	 56
	  	 	0.9936	  	  	 	0.9943	  	  	 	0.9949	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9966	  	  	 	0.9970	  	  	 	0.9974	  	  	 	0.9978	  	  	 	0.9981	  	  	 	0.9984	  	  	 	0.9986	  	  	 	0.9988	  
	 57
	  	 	0.9928	  	  	 	0.9936	  	  	 	0.9944	  	  	 	0.9950	  	  	 	0.9956	  	  	 	0.9962	  	  	 	0.9967	  	  	 	0.9971	  	  	 	0.9975	  	  	 	0.9979	  	  	 	0.9982	  	  	 	0.9984	  	  	 	0.9987	  
	 58
	  	 	0.9920	  	  	 	0.9929	  	  	 	0.9937	  	  	 	0.9945	  	  	 	0.9951	  	  	 	0.9957	  	  	 	0.9963	  	  	 	0.9968	  	  	 	0.9972	  	  	 	0.9976	  	  	 	0.9980	  	  	 	0.9983	  	  	 	0.9985	  
	 59
	  	 	0.9912	  	  	 	0.9921	  	  	 	0.9930	  	  	 	0.9938	  	  	 	0.9946	  	  	 	0.9953	  	  	 	0.9959	  	  	 	0.9964	  	  	 	0.9969	  	  	 	0.9973	  	  	 	0.9977	  	  	 	0.9981	  	  	 	0.9984	  
	 60
	  	 	0.9902	  	  	 	0.9912	  	  	 	0.9922	  	  	 	0.9931	  	  	 	0.9940	  	  	 	0.9947	  	  	 	0.9954	  	  	 	0.9960	  	  	 	0.9965	  	  	 	0.9970	  	  	 	0.9975	  	  	 	0.9978	  	  	 	0.9982	  
	 61
	  	 	0.9890	  	  	 	0.9902	  	  	 	0.9913	  	  	 	0.9924	  	  	 	0.9933	  	  	 	0.9941	  	  	 	0.9949	  	  	 	0.9955	  	  	 	0.9961	  	  	 	0.9967	  	  	 	0.9972	  	  	 	0.9976	  	  	 	0.9980	  
	 62
	  	 	0.9878	  	  	 	0.9891	  	  	 	0.9903	  	  	 	0.9915	  	  	 	0.9925	  	  	 	0.9934	  	  	 	0.9942	  	  	 	0.9950	  	  	 	0.9957	  	  	 	0.9963	  	  	 	0.9968	  	  	 	0.9973	  	  	 	0.9977	  
	 63
	  	 	0.9864	  	  	 	0.9879	  	  	 	0.9892	  	  	 	0.9905	  	  	 	0.9916	  	  	 	0.9926	  	  	 	0.9936	  	  	 	0.9944	  	  	 	0.9952	  	  	 	0.9958	  	  	 	0.9964	  	  	 	0.9970	  	  	 	0.9974	  
	 64
	  	 	0.9849	  	  	 	0.9865	  	  	 	0.9880	  	  	 	0.9894	  	  	 	0.9906	  	  	 	0.9918	  	  	 	0.9928	  	  	 	0.9937	  	  	 	0.9946	  	  	 	0.9953	  	  	 	0.9960	  	  	 	0.9966	  	  	 	0.9971	  
	 65
	  	 	0.9832	  	  	 	0.9850	  	  	 	0.9866	  	  	 	0.9881	  	  	 	0.9895	  	  	 	0.9908	  	  	 	0.9919	  	  	 	0.9930	  	  	 	0.9939	  	  	 	0.9948	  	  	 	0.9955	  	  	 	0.9962	  	  	 	0.9968	  
	 66
	  	 	0.9813	  	  	 	0.9833	  	  	 	0.9851	  	  	 	0.9868	  	  	 	0.9883	  	  	 	0.9897	  	  	 	0.9910	  	  	 	0.9922	  	  	 	0.9932	  	  	 	0.9941	  	  	 	0.9950	  	  	 	0.9957	  	  	 	0.9964	  
	 67
	  	 	0.9793	  	  	 	0.9815	  	  	 	0.9835	  	  	 	0.9853	  	  	 	0.9870	  	  	 	0.9886	  	  	 	0.9900	  	  	 	0.9913	  	  	 	0.9924	  	  	 	0.9935	  	  	 	0.9944	  	  	 	0.9952	  	  	 	0.9960	  
	 68
	  	 	0.9771	  	  	 	0.9795	  	  	 	0.9817	  	  	 	0.9838	  	  	 	0.9856	  	  	 	0.9873	  	  	 	0.9889	  	  	 	0.9903	  	  	 	0.9916	  	  	 	0.9927	  	  	 	0.9938	  	  	 	0.9947	  	  	 	0.9955	  
	 69
	  	 	0.9747	  	  	 	0.9773	  	  	 	0.9797	  	  	 	0.9820	  	  	 	0.9841	  	  	 	0.9860	  	  	 	0.9877	  	  	 	0.9893	  	  	 	0.9907	  	  	 	0.9919	  	  	 	0.9931	  	  	 	0.9941	  	  	 	0.9950	  
	 70
	  	 	0.9720	  	  	 	0.9749	  	  	 	0.9776	  	  	 	0.9800	  	  	 	0.9823	  	  	 	0.9844	  	  	 	0.9863	  	  	 	0.9881	  	  	 	0.9896	  	  	 	0.9910	  	  	 	0.9923	  	  	 	0.9934	  	  	 	0.9944	  
	 71
	  	 	0.9689	  	  	 	0.9721	  	  	 	0.9751	  	  	 	0.9778	  	  	 	0.9804	  	  	 	0.9827	  	  	 	0.9848	  	  	 	0.9867	  	  	 	0.9884	  	  	 	0.9900	  	  	 	0.9914	  	  	 	0.9927	  	  	 	0.9938	  
	 72
	  	 	0.9655	  	  	 	0.9690	  	  	 	0.9723	  	  	 	0.9753	  	  	 	0.9781	  	  	 	0.9807	  	  	 	0.9830	  	  	 	0.9852	  	  	 	0.9871	  	  	 	0.9888	  	  	 	0.9904	  	  	 	0.9918	  	  	 	0.9931	  
	 73
	  	 	0.9617	  	  	 	0.9656	  	  	 	0.9692	  	  	 	0.9725	  	  	 	0.9756	  	  	 	0.9784	  	  	 	0.9810	  	  	 	0.9834	  	  	 	0.9855	  	  	 	0.9875	  	  	 	0.9892	  	  	 	0.9908	  	  	 	0.9922	  
	 74
	  	 	0.9575	  	  	 	0.9617	  	  	 	0.9657	  	  	 	0.9694	  	  	 	0.9728	  	  	 	0.9759	  	  	 	0.9788	  	  	 	0.9814	  	  	 	0.9838	  	  	 	0.9860	  	  	 	0.9879	  	  	 	0.9897	  	  	 	0.9912	  
	 75
	  	 	0.9527	  	  	 	0.9574	  	  	 	0.9618	  	  	 	0.9658	  	  	 	0.9696	  	  	 	0.9731	  	  	 	0.9763	  	  	 	0.9792	  	  	 	0.9818	  	  	 	0.9843	  	  	 	0.9864	  	  	 	0.9884	  	  	 	0.9901	  
	 76
	  	 	0.9476	  	  	 	0.9526	  	  	 	0.9574	  	  	 	0.9619	  	  	 	0.9661	  	  	 	0.9699	  	  	 	0.9734	  	  	 	0.9767	  	  	 	0.9796	  	  	 	0.9823	  	  	 	0.9848	  	  	 	0.9869	  	  	 	0.9889	  
	 77
	  	 	0.9418	  	  	 	0.9474	  	  	 	0.9527	  	  	 	0.9576	  	  	 	0.9622	  	  	 	0.9664	  	  	 	0.9703	  	  	 	0.9739	  	  	 	0.9772	  	  	 	0.9802	  	  	 	0.9829	  	  	 	0.9853	  	  	 	0.9875	  
	 78
	  	 	0.9356	  	  	 	0.9417	  	  	 	0.9474	  	  	 	0.9528	  	  	 	0.9579	  	  	 	0.9625	  	  	 	0.9668	  	  	 	0.9708	  	  	 	0.9745	  	  	 	0.9778	  	  	 	0.9808	  	  	 	0.9835	  	  	 	0.9860	  
	 79
	  	 	0.9288	  	  	 	0.9354	  	  	 	0.9417	  	  	 	0.9476	  	  	 	0.9531	  	  	 	0.9582	  	  	 	0.9630	  	  	 	0.9674	  	  	 	0.9714	  	  	 	0.9751	  	  	 	0.9784	  	  	 	0.9815	  	  	 	0.9842	  
	 80
	  	 	0.9213	  	  	 	0.9285	  	  	 	0.9353	  	  	 	0.9417	  	  	 	0.9478	  	  	 	0.9534	  	  	 	0.9586	  	  	 	0.9635	  	  	 	0.9680	  	  	 	0.9721	  	  	 	0.9758	  	  	 	0.9792	  	  	 	0.9822	  

  
 11

Source: [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}, [{"source": "alea-institute/alea-institute/kl3m-data-edgar-agreements/train-00210-of-00352.parquet"}]]