Document:

Amended and Restated Deferred Compensation Plan

 Exhibit 10.5 
 BJ SERVICES 
 DEFERRED COMPENSATION PLAN 
 As Amended and Restated 
 Effective
December 5, 2008 

 TABLE OF CONTENTS 
  

					
	 ARTICLE
	  	PAGE
			
	I.	  	DEFINITIONS AND CONSTRUCTION	  	2
			
	II.	  	PARTICIPATION	  	6
			
	III.	  	DEFERRALS AND ALLOCATIONS OF INCOME OR LOSS EQUIVALENTS	  	6
			
	IV.	  	DEEMED INVESTMENT OF FUNDS	  	11
			
	V.	  	BENEFITS	  	12
			
	VI.	  	ADMINISTRATION OF THE PLAN	  	18
			
	VII.	  	ADMINISTRATION OF FUNDS	  	20
			
	VIII.	  	DESIGNATION OF OTHER EMPLOYERS	  	20
			
	IX.	  	DISCONTINUANCE OR TERMINATION	  	21
			
	X.	  	NATURE OF THE PLAN	  	22
			
	XI.	  	MISCELLANEOUS	  	22

  

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 BJ SERVICES 
 DEFERRED COMPENSATION PLAN 
 WITNESSETH: 
 WHEREAS, BJ Services Company, U.S.A. (the “Company”), has heretofore adopted the BJ SERVICES DEFERRED COMPENSATION PLAN
(the “Plan”) to provide deferred compensation for a select group of management or highly-compensated employees; 
 WHEREAS, the Company desires to amend and restate the Plan to comply with the final Treasury regulations under section 409A of the Internal Revenue Code of 1986, as amended, and in certain other respects; 
 NOW THEREFORE, the Plan is hereby amended and restated in its entirety as follows, with no interruption of time, effective as of December 5,
2008, except as otherwise indicated in specific provisions of the Plan: 
 I. 
 DEFINITIONS AND CONSTRUCTION 
 1.1 Definitions. The
capitalized words or terms used in the Plan that are not otherwise defined herein shall have the same meanings as such words or terms have in the BJ Services Retirement Thrift Plan, as the same may be amended from time to time. Where the following
words and phrases appear in the Plan, they shall have the respective meanings set forth below unless their context clearly indicates to the contrary. 
  

	(1)	409A Effective Date: January 1, 2005. 

  

	(2)	Account(s): A Member’s Grandfathered Account and/or Deferral Account and the amounts credited thereto. 

  

	(3)	 Affiliate: With respect to a person, any other person with whom the person would be considered a single employer under section 414(b) of the Code
(employees of controlled group of corporations), and any other person with whom the person would be considered a single employer under section 414(c) of the Code (employees of partnerships, proprietorships, etc., under common control); provided,
however, that (a) in applying section 1563(a)(1), (2), and (3) of the Code for purposes of determining a controlled group of corporations under section 414(b) of the Code, the language “at least 50 percent” shall be used instead
of “at least 80 percent” each place it appears in section 1563(a)(1), (2), and (3)

  

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of the Code, and (b) in applying Treasury regulation section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated)
that are under common control for purposes of section 414(c) of the Code, “at least 50 percent” shall be used instead of “at least 80 percent” each place it appears in Treasury regulation section 1.414(c)-2.

  

	(4)	Basic Compensation: For Eligible Employees who are Members, an amount equal to a Member’s “Compensation,” as such term is defined under the
Thrift Plan. 

  

	(5)	Board: The Board of Directors of the Company. 

  

	(6)	Bonus: The amount, if any, received by the Member under the annual bonus plan in which Eligible Employees participate, but only to the extent such bonus amount
constitutes “performance-based compensation” within the meaning of section 409A(a)(4)(B)(iii) of the Code (and applicable administrative guidance issued thereunder). 

  

	(7)	Chairman: The Chairman of the Board. 

  

	(8)	Code: The Internal Revenue Code of 1986, as amended. 

  

	(9)	Committee: The Benefits Committee established by the President of the Company. 

  

	(10)	Company: BJ Services Company, U.S.A. 

  

	(11)	Compensation: For Eligible Employees who become Members, the term “Compensation” shall have the same meaning as is assigned to such term under the
Thrift Plan except that a Member’s Compensation (A) shall include amounts which he could have received in cash in lieu of contributions made on his behalf by the Employer to this Plan pursuant to Section 3.1 and Section 3.4(a),
(B) for purposes other than for Section 3.1(b), shall not be limited to the maximum amount of compensation that can be considered by the Thrift Plan pursuant to section 401(a)(17) of the Code and (C) shall include any increases as a
result of job transfers or wage rate changes during the Plan Year. For Directors who become Members, the term “Compensation” shall mean a Director’s fees, including a Director’s annual retainer, meeting fees, committee
fees, and all other fees paid in cash for his services as a Director, but excluding any reimbursements. All Compensation is limited to those amounts payable by an Employer for services rendered after an Eligible Employee or Director first becomes
eligible to participate in the Plan and during the period through which such participation continues. 

  

	(12)	Deferral Account: An individual account for each Member to which is credited and/or vested, from and after the 409A Effective Date, amounts determined in
accordance with Article III of the Plan. Each Deferral Account shall be divided into subaccounts to reflect (a) the Member’s deferrals pursuant to Section 3.1 and/or Section 3.3, (b) the Employer’s deferrals pursuant to
Section 3.2 and/or Section 3.4, and (c) the allocation of net income or net loss equivalents thereto pursuant to Section 3.6. Such subaccounts shall be further divided as necessary to reflect the Member’s elections pursuant
to Article V. 

  

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	(13)	Director: A non-employee member of the Board. 

  

	(14)	Effective Date: December 5, 2008 as to this restatement of the Plan, except as otherwise indicated in specific provisions of the Plan. The Prior Effective Date of
the Plan was October 1, 2000, and the original effective date of the Plan was December 1, 1990. 

  

	(15)	Eligible Employee: Any individual who is employed by an Employer. 

  

	(16)	Employer: The Company and any other entity that has been designated to participate in the Plan pursuant to the provisions of Article VIII. 

  

	(17)	ERISA: The Employee Retirement Income Security Act of 1974, as amended. 

  

	(18)	Excess Compensation: For an Eligible Employee who is a Member, Excess Compensation for a Plan Year shall be equal to the amount by which the Member’s Compensation
for such year exceeds the maximum amount of compensation that can be considered by the Thrift Plan for such year pursuant to section 401(a)(17) of the Code. 

  

	(19)	Grandfathered Account: An individual account for each Member to which is credited all amounts, if any, deferred under the Plan by or on behalf of such Member and
vested prior to the 409A Effective Date, plus all allocations of net income or net loss equivalents on such amounts. From and after the 409A Effective Date, a Member’s Grandfathered Account shall not be credited with any Member’s deferrals
pursuant to Section 3.1 and/or Section 3.3 or with any Employer’s deferrals pursuant to Section 3.2 and/or Section 3.4, but such Grandfathered Account shall be adjusted to reflect such Grandfathered Account’s allocation
of net income or net loss equivalents thereto. Each Grandfathered Account shall be divided into subaccounts to reflect (a) the Member’s deferrals pursuant to Section 3.1 and/or Section 3.3, (b) the Employer’s deferrals
pursuant to Section 3.2 and/or Section 3.4, (c) if applicable, a Member’s OSCA Subaccount, and (d) the allocation of net income or net loss equivalents thereto pursuant to Section 3.6. Such subaccounts shall be further
divided as necessary to reflect the Member’s elections pursuant to Article V. 

  

	(20)	Fiscal Year: The Employer’s fiscal year, which is the twelve consecutive month period commencing October 1 of each year. 

  

	(21)	Fund: The investment funds designated from time to time for the deemed investment of Accounts pursuant to Article IV. 

  

	(22)	Limitation: For each Plan Year, the dollar limitation in effect under section 415(c)(1)(A) of the Code for such year. 

  

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	(23)	Member: Any Eligible Employee or Director who has become a Member pursuant to Article II until such Eligible Employee or Director ceases to be a Member pursuant to
Section 2.2. 

  

	(24)	Monthly Excess Compensation: A Member’s Monthly Excess Compensation for a Plan Year shall be equal to one-twelfth of his Excess Compensation for such year.

  

	(25)	OSCA Plan: The OSCA, Inc. Amended and Restated Supplemental Deferred Compensation Plan, as in effect on March 3, 2003. 

  

	(26)	OSCA Subaccount: A separate subaccount established under a Member’s Grandfathered Account, to which amounts credited (and earnings thereon) to any participant of
the OSCA Plan under such plan were transferred to the Plan effective as of March 3, 2003. 

  

	(27)	Plan: The BJ Services Deferred Compensation Plan, as amended from time to time. 

  

	(28)	Plan Year: The twelve consecutive month period commencing January 1 of each year. 

  

	(29)	Prior Effective Date: October 1, 2000. The original effective date of the Plan was December 1, 1990. 

  

	(30)	Separation from Service: A Member’s separation from service with the Employer and its Affiliates within the meaning of section 409A(a)(2)(A)(i) of the Code (and
applicable administrative guidance issued thereunder). 

  

	(31)	Thrift Plan: The BJ Services Retirement Thrift Plan, as amended from time to time. 

  

	(32)	Trust: The trust established for the Plan under the Trust Agreement. 

  

	(33)	Trust Agreement: The agreement entered into between the Company and the Trustee establishing the Trust. 

  

	(34)	Trust Fund: The funds and properties held pursuant to the provisions of the Trust Agreement, together with all income, profits, and increments thereto.

  

	(35)	Trustee: The trustee or trustees qualified and acting under the Trust Agreement at any time. 

  

	(36)	Unforeseeable Financial Emergency: A severe financial hardship of the Member resulting from an illness or accident of the Member or the Member’s spouse,
beneficiary, or dependent (within the meaning of section 152 of the Code, but without regard to sections 152(b)(1), (b)(2), and (d)(1)(B) of the Code); loss of the Member’s property due to casualty (including the need to rebuild a home
following damage to a home not otherwise covered by insurance); or other similar extraordinary and unforeseeable circumstances arising as a result of events beyond the control of the Member, each as determined by the Committee in accordance with
Treasury regulation section 1.409A-3(i)(3). 

  

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	(37)	Valuation Dates: Each day that the New York Stock Exchange is open for business. 

 1.2 Number and Gender. Wherever appropriate herein, words used in the singular shall be considered to include the plural and the plural to
include the singular. The masculine gender, where appearing in this Plan, shall be deemed to include the feminine gender. 
 1.3
Headings. The headings of Articles and Sections herein are included solely for convenience and if there is any conflict between such headings and the text of the Plan, the text shall control. 
 II. 
 PARTICIPATION

 2.1 Eligibility. On or after the Prior Effective Date, the Chairman, in his sole discretion, shall select and notify
in writing those Eligible Employees of the Employer who shall become Members. If an Eligible Employee who was a Member prior to a termination of employment with the Employer is rehired, such Eligible Employee shall become a Member only if such
Eligible Employee is again selected to participate in the Plan by the Chairman. Effective as of January 1, 2009, Directors automatically shall be eligible to participate. 
 2.2 Cessation of Active Participation. Notwithstanding any provision herein to the contrary, an Eligible Employee who has become a Member
of the Plan shall cease to be an active participant in the Plan upon the earlier of (a) the first day of the Plan Year following the date the Chairman notifies the Eligible Employee he is no longer eligible to participate in the Plan or
(b) the date he incurs a Separation from Service. A Director who is a Member of the Plan shall cease to be an active participant in the Plan upon the date he incurs a Separation from Service. 
 III. 
 DEFERRALS AND 

 ALLOCATIONS OF INCOME OR LOSS EQUIVALENTS 
 3.1 Member Deferrals. 
 (a) An Eligible Employee who is a Member may elect to defer receipt of
an integral percentage from 1% to 100% of his Excess Compensation for a Plan Year. 
 (b) An Eligible Employee who is a Member and who makes
the maximum Cash or Deferred Contributions allowable under the Thrift Plan may elect to defer receipt of amount not to exceed 20% of his Compensation, less his Cash or Deferred Contributions to the Thrift Plan, for a Plan Year. 
  

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 (c) An Eligible Employee who is a Member may elect to defer receipt of an amount of his Compensation for
a Plan Year equal to the amount of the Member’s Cash or Deferred Contributions under the Thrift Plan distributed from the Thrift Plan during such Plan Year as a result of the limitations contained in section 401(k)(3) of the Code. 

(d) Effective January 1, 2009, a Director who is a Member may elect to defer receipt of an integral percentage from 1% to 100% of his
Compensation for a Plan Year. 
 (e) A Member’s election to defer receipt of an amount of his Compensation pursuant to this Section
shall be made by executing and filing with the Employer the forms prescribed by the Committee. If a Member makes a deferral election for a Plan Year, a corresponding reduction shall be made to his Compensation during such Plan Year. Compensation for
a Plan Year not deferred pursuant to this Section shall be received by such Member in cash. 
 (f) A Member’s election to defer receipt
of a portion of his Compensation shall become effective as of the first day of the Plan Year that begins after the election is executed by the Member and filed with the Employer. Notwithstanding the foregoing, if an Eligible Employee or Director
initially becomes a Member other than on the first day of a Plan Year, such Member’s election to defer receipt of a portion of his Compensation for such Plan Year may be made no later than 30 days after he becomes a Member, but such election
shall be prospective only and apply only with respect to Compensation paid for services to be performed following the election. A Member’s election shall remain effective as follows: 
 (1) Except as otherwise provided in Paragraph (2) below, a Member’s election shall remain in force and effect for the entire
Plan Year (or portion thereof) to which such election relates and shall be irrevocable for such Plan Year. 
 (2) If permitted
in accordance with the administrative procedures implemented by the Committee, the Committee may establish procedures to provide that a Member’s election to defer a portion of his Compensation will remain in force and effect for more than one
Plan Year following the date of its execution until modified or terminated by the Member, in which case a Member’s election will cease to apply effective as of the earlier of the first day of the Plan Year following the close of the Plan Year
in which such election is permitted to remain effective or the date of the Member’s Separation from Service. Under such procedures, (i) a Member who has elected to defer a portion of his Compensation may change his deferral election
(within the limits set forth above in this Section 3.1), effective as of the first day of any subsequent Plan Year, by executing and delivering to the Employer a new election within the time period prescribed by the Committee (which period
shall end no later than the day preceding the first day of such subsequent Plan Year); (ii) a Member may cancel his election to defer receipt of a portion of his Compensation, effective as of the first day of any subsequent Plan Year, by
executing and delivering to the Employer the form prescribed by the Committee within the time period prescribed by the Committee; and (iii) a Member who so cancels his election may again elect to defer a portion of his Compensation, 

  

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effective as of the first day of any subsequent Plan Year, by executing and delivering to the Employer a new election within the time period prescribed by
the Committee (which period shall end no later than the day preceding the first day of such subsequent Plan Year). 
 3.2 Employer
Deferrals. 
 (a) For each calendar month, the Employer shall credit a Deferral Account of a Member who is an Eligible Employee as
follows: 
 (1) Effective January 1, 2009, for each calendar month, the Employer shall credit a Deferral Account of a
Member who is an Eligible Employee with an amount which equals 100% of the deferrals made pursuant to Section 3.1(a) on behalf of such Member during such month not in excess of 6% of such Member’s Excess Compensation for the payroll
periods in such month with respect to which deferrals pursuant to Section 3.1(a) were made. Further, for each calendar month, the Employer shall credit a Member’s Deferral Account with an amount which equals 100% of the deferrals made
pursuant to Section 3.1(b) on behalf of such Member during such month not in excess of 6% of such Member’s Compensation for the payroll periods in such month with respect to which deferrals pursuant to Section 3.1(b) were made.

 (2) Prior to January 1, 2009, for each calendar month, the Employer shall credit a Deferral Account of a Member who is
an Eligible Employee with an amount which equals 50% of the deferrals made pursuant to Section 3.1(a) on behalf of such Member during such month not in excess of 6% of such Member’s Excess Compensation for the payroll periods in such month
with respect to which deferrals pursuant to Section 3.1(a) were made. Further, for each calendar month, the Employer shall credit a Member’s Deferral Account with an amount which equals 50% of the deferrals made pursuant to
Section 3.1(b) on behalf of such Member during such month not in excess of 6% of such Member’s Compensation for the payroll periods in such month with respect to which deferrals pursuant to Section 3.1(b) were made. 
 (b) For each Plan Year, the Employer shall credit a Deferral Account of a Member who is an Eligible Employee with an amount equal to the amount forfeited
by such Member under the Thrift Plan during such Plan Year as a result of the limitations contained in sections 401(k)(3) or 401(m)(2) of the Code. 
 (c) For each calendar month, the Employer shall also credit an additional amount to the Deferral Account of each Member who is an Eligible Employee and who is entitled to an allocation of Employer Base Contributions under the Thrift Plan
for such month. The amount credited each month shall be a percentage of such Member’s Monthly Excess Compensation, if any, with such percentage being equal to the percentage utilized under the Thrift Plan to determine the Member’s Employer
Base Contribution for such month under such plan. 
 (d) For each calendar month, the Employer shall also credit an additional amount to the
Deferral Account of each Member who is an Eligible Employee and who is entitled to an allocation of Employer Supplemental Base Contributions under the Thrift Plan for such month. The amount 

  

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credited each month shall be a percentage of such Member’s Monthly Excess Compensation, if any, with such percentage being equal to the percentage
utilized under the Thrift Plan to determine the Member’s Employer Supplemental Base Contribution for such month under such plan. 
 (e)
Notwithstanding any provision of the Plan to the contrary, amounts credited to a Member’s Deferral Account pursuant to Paragraph (c) and/or Paragraph (d) above shall become nonforfeitable in the same manner as amounts allocated to the
Member’s Employer Non-Matching Accounts under the Thrift Plan. Therefore, if any portion of a Member’s Employer Non-Matching Accounts under the Thrift Plan is forfeited for any reason, a corresponding portion of the amounts credited to the
Member’s Deferral Account pursuant to Paragraph (c) and/or Paragraph (d) above shall be debited from such Deferral Account. 
 3.3 Member Deferrals Attributable to Bonus. 
 (a) A Member who is an Eligible Employee may elect to defer receipt of
an integral percentage of from 1% to 100% of his Bonus for any Fiscal Year under the Plan. A Member’s election to defer receipt of a portion of his Bonus under the Plan shall be made by executing and filing with the Employer the forms
prescribed by the Committee prior to the first day of the Plan Year that begins immediately following the first day of the Fiscal Year during which such Bonus is earned (or such other date prescribed by the Committee that complies with section 409A
of the Code and administrative guidance issued thereunder), provided that (1) the Member performs services continuously from the later of the beginning of the performance period or the date the performance criteria are established through the
date such election is made, and (2) no election is made after such Bonus has become readily ascertainable within the meaning of Treasury regulation section 1.409A-2(a)(8). Such election shall become irrevocable on the required election date
described above. A Member’s deferral election pursuant to this Section shall be effected at the time such Bonus is paid. Bonus for a Fiscal Year not deferred pursuant to this Section shall be received by such Member in cash. 
 (b) Notwithstanding the foregoing, if an Eligible Employee initially becomes a Member other than on a date on which a Member’s deferral election
attributable to Bonus is required to be filed, as prescribed under Section 3.3(a), such Member’s election to defer receipt of a portion of his Bonus for that Fiscal Year may be made no later than 30 days after he becomes a Member, provided
that the election shall be prospective only and apply only with respect to the portion of the Bonus that is paid for services to be performed following the election, which amount shall be determined in accordance with Treasury regulation section
1.409A-2(a)(7). 
 3.4 Deferrals for Members Whose Annual Additions under the Thrift Plan Equal the Limitation. 
 (a) For each calendar month in which the Employer determines that a Member’s Annual Additions under the Thrift Plan equal the Limitation in effect
for the Plan Year in which such month occurs, the Employer shall reduce such Member’s Basic Compensation by the amount by which such Member’s Cash or Deferred Contributions and/or Voluntary Contributions to the Thrift Plan must be reduced
solely in order for such member’s Annual Additions under the Thrift Plan to equal such Limitation. The amount by which a Member’s Basic Compensation is reduced pursuant to this 

  

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Paragraph shall be (1) determined based upon the Member’s elections in effect at the relevant times under the Thrift Plan with respect to Cash or
Deferred Contributions and/or Voluntary Contributions and (2) credited to such Member’s Deferral Account under the Plan. 
 (b) For
each calendar month in which the Employer determines that a Member’s Annual Additions under the Thrift Plan equal the Limitation in effect for the Plan Year in which such month occurs, the Employer shall also credit such Member’s Deferral
Account with an amount equal to the excess of: 
 (1) the amount of Employer contributions which would have been allocated to
the accounts of such Member under the Thrift Plan (other than to his Deferred Income Account) for such month if the provisions of the Thrift Plan were administered without regard to the limitations imposed by section 415(c) of the Code on the amount
of Annual Additions, 
 OVER 
 (2) the amount of Employer contributions which were in fact allocated to the accounts of such Member under the Thrift Plan (other than to his Deferred Income Account) for such month. 
 For purposes of determining the amount of Employer Matching Contributions which would have been allocated to the account of a Member under the Thrift
Plan, the contributions to the Plan on a Member’s behalf pursuant to Paragraph (a) above shall be deemed to have been made to the Thrift Plan. Notwithstanding any provision of the Plan to the contrary, amounts credited to a Member’s
Deferral Account pursuant to this Paragraph (other than amounts representing reduced allocations of Employer Matching Contributions under the Thrift Plan) shall become nonforfeitable in the same manner as amounts allocated to the Member’s
Employer Non-Matching Accounts under the Thrift Plan. Therefore, if any portion of a Member’s Employer Non-Matching Accounts under the Thrift Plan is forfeited for any reason, a corresponding portion of the amounts credited to the Member’s
Deferral Account pursuant to this Paragraph (other than amounts representing reduced allocations of Employer Matching Contributions under the Thrift Plan) shall be debited from such Deferral Account. 
 3.5 Payments to Trustee. The Employer shall pay an amount equal to the deferrals under the Plan directly to the Trustee as soon as
practicable. On or about the date of any such payment, the Committee shall be informed as to the amount of such payment. Deferrals made by a Member or on the Member’s behalf shall be credited to the Member’s Deferral Account as received by
the Trustee. 
 3.6 Allocation of Net Income or Net Loss Equivalents. 
 (a) As of each Valuation Date, the Trustee shall determine the net income (or net loss) equivalents of each Fund within the Trust Fund since the
immediately preceding Valuation Date. The net income (or net loss) equivalent of each Fund since the immediately preceding Valuation Date shall be ascertained by the Trustee based upon changes in the net asset value in such manner as it deems
appropriate. As soon as is practicable after the end of each calendar quarter, the Trustee shall deliver a written statement of such determination as the Committee determines. 
  

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 (b) For purposes of allocations of net income (or net loss) equivalents, each subaccount under a
Member’s Grandfathered Account and Deferral Account shall be divided into additional subaccounts to reflect such Member’s deemed investment designation of a particular Fund or Funds pursuant to Article IV. As of each Valuation Date the net
income (or net loss) equivalents of each Fund, separately and respectively, shall be allocated among the corresponding subaccounts of the Members who were deemed to have had such corresponding subaccounts on the immediately preceding Valuation Date;
provided, however, that the balance credited to such subaccounts as of the immediately preceding Valuation Date shall be reduced by the amount of any payments made since the immediately preceding Valuation Date. 
 (c) With respect to each Member who incurs a Separation from Service for any reason, so long as there is any balance credited to his Account(s), such
Account(s) shall continue to receive allocations pursuant to this Section. 
 3.7 Changes to Elections under the Thrift Plan.
By participating in the Plan for a Plan Year that begins after December 31, 2008, a Member agrees that he shall not make any changes during such Plan Year to his elections with respect to his Cash or Deferred Contributions or his Voluntary
Contributions for such Plan Year under the Thrift Plan. 
 IV. 
 DEEMED INVESTMENT OF FUNDS 
 Each Member shall designate, in accordance
with the procedures established from time to time by the Committee, the manner in which the amounts credited to his Account(s) shall be deemed to be invested from among the Funds made available from time to time pursuant to the provisions of the
Trust Agreement. With respect to each Member’s Account(s), such Member may designate one of such Funds for the deemed investment of all the amounts credited to such Account(s) or he may split the deemed investment of the amounts credited to
such Account(s) between such Funds in such increments as the Committee may prescribe. No other type of designation will be permitted. If a Member fails to make a proper designation, then his Account(s) shall be deemed to be invested in the Fund or
Funds designated by the Committee from time to time in a uniform and nondiscriminatory manner. 
 A Member may change his deemed investment
designation for future amounts to be credited to his Account(s). Any such change shall be made in accordance with the procedures established by the Committee, and the frequency of such changes may be limited by the Trustee in accordance with to the
provisions of the applicable Fund or Funds. 
 A Member may elect to convert his deemed investment designation with respect to the amounts
already credited to his Account(s). Any such conversion shall be made in accordance with the procedures established by the Committee, and the frequency of such conversions may be limited by the Trustee in accordance with the provisions of the
applicable Fund or Funds. 
  

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 V. 
 BENEFITS 
 5.1 Payment Election Generally. Each Eligible Employee who becomes a
Member on or after the Prior Effective Date and each Director who becomes a Member on or after January 1, 2009 shall elect the time and form of payment of all or a portion of the amounts credited to his Account(s) under the Plan by executing
and filing with the Employer an election in the form prescribed by the Committee. 
 (a) Elections Made Prior to January 1, 2005
and Grandfathered Account Elections. On or after the Prior Effective Date, (1) any Member who had an Account under the Plan on the day prior to the Prior Effective Date may make an initial election regarding time of payment of
all or a portion of the amounts credited to his Account under the Plan; provided, however, that with respect to any amounts credited to a Member’s OSCA Subaccount, such Member’s elections as to time and form of payment that were in effect
under the OSCA Plan as of March 3, 2003 shall constitute the Member’s initial election regarding time and form of payment with respect to such amounts, and (2) any Member may revise his election regarding time or form of payment of
all or a portion of the amounts credited to his Account under the Plan; provided, however, that in either case (except with respect to a Member’s initial election regarding time and form of payment of amounts credited to his OSCA Subaccount),
such election shall not be effective until the date that is twelve months after the date of such election and provided further, that on or after the 409A Effective Date, no such initial election or revised election may be made except with respect to
amounts credited to a Member’s Grandfathered Account or as otherwise provided in Paragraph (b) below. 
 (b) Deferral Account
Elections. On or after the 409A Effective Date, a Member’s time and form of payment elections with respect to amounts credited to his Deferral Account shall be made as follows: 
 (1) A Member’s deferral election made pursuant to Article III shall indicate the time and form of payment that applies to the
deferrals subject to such election, and this election shall constitute the Member’s initial election regarding time and form of payment for the portion of the amounts credited to his Deferral Account under the Plan for the Plan Year and Fiscal
Year to which such election relates. 
 (2) Any Member may revise any election regarding time or form of payment of all or a
portion of the amounts credited to his Deferral Account under the Plan; provided, however, that in either case, (i) such subsequent election may not take effect until at least 12 months after the date on which the election is made;
(ii) except in the case of an election related to a payment on account of the occurrence of an Unforeseeable Financial Emergency, the payment with respect to which the election is made must be deferred for a period of not less than five years
from the date such payment would have otherwise been paid (in the case 

  

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of an installment payment, five years from the date the first amount was scheduled to be paid); and any election related to a payment to be made at a
specified date must be made not less than 12 months before the date the payment is scheduled to be paid (in the case of an installment payment, 12 months before the date the first amount was scheduled to be paid). 
 (c) Transition Period Payment Elections. Notwithstanding the foregoing, pursuant to IRS Notice 2007-86, a Member may be given an
election by the Committee, in its discretion, on or before December 31, 2008 to change such Participant’s payment election with respect to all or a portion of his Deferral Account to one of the payment elections permitted under this
Article V and/or may change the timing of any payment previously elected; provided, however, that this special transition election shall apply only to amounts that would not otherwise be payable in 2008 and may not cause an amount to be paid in 2008
that would otherwise not be payable in 2008. 
 5.2 Amount of Benefit. The Member, or, in the event of the death of the Member,
the Member’s designated beneficiary, shall be entitled to a benefit equal in value to the nonforfeitable balance credited to the Member’s Account(s) (or subaccounts thereof) as of the Valuation Date immediately preceding the date the
payment of such benefit is to be made or to commence pursuant to Section 5.3. 
 5.3 Time of Payment. A Member may elect
for payment of all or a portion of the amounts credited to his Account(s) hereunder to be made or commenced as of any date; provided, however, that (i) in no event shall any amount be paid earlier than the second Plan Year following the Plan
Year during which such amount was credited to a Member’s Account(s) and (ii) notwithstanding clause (i), payment of all amounts credited to a Member’s Account shall be made or commence upon a Member’s Separation from Service as
provided in this Section 5.3 (or deferred until such other time as required by Section 5.1(b)(2)(ii)). In the event a Member fails to elect the time when payment of his benefit is to be made or commenced, such payment shall be made or
commence upon his Separation from Service, as provided in this Section 5.3. 
 (a) Grandfathered Accounts. Payment of all
or a portion of the amounts credited to a Member’s Grandfathered Account under Section 5.2 shall be made or commence as of the date elected by such Member pursuant to Section 5.1 
 (b) Deferral Accounts. Payment of all or a portion of the nonforfeitable amounts credited to a Member’s Deferral Account under
Section 5.2 shall be made or commence as follows, in accordance with the Member’s elections made pursuant to Section 5.1: (1) for amounts scheduled to be paid on a specified date elected by the Member for payment of his Deferral
Account, on the first business day following the specified date, (2) for amounts scheduled to be paid upon the Separation from Service of a Member who is a Director, on the first business day following the date of the Director’s Separation
from Service; or (3) for amounts scheduled to be paid upon the Separation from Service of a Member who is an Eligible Employee, as follows: 
 (i) Effective for distributions made between January 1, 2005 and December 31, 2006, (A) for any Eligible Employee identified as a “specified employee” within the meaning of section
409A(a)(2)(B)(i) of the Code (and applicable administrative 

  

 -13- 

 
guidance thereunder), six months following the date of the Member’s Separation from Service (or the date of the Member’s death, if earlier), and
(B) for any other Eligible Employee, on the first business day following the date of the Eligible Employee’s Separation from Service; and 
 (ii) Effective for distributions made on or after January 1, 2007, for any Member who is an Eligible Employee, six months following the date of the Member’s Separation from Service (or the date of the
Member’s death, if earlier). 
 For purposes of paragraph (b)(3)(i)(A) above, by participating in the Plan, all Members agree to be bound by the
Company’s determination of the Employer’s specified employees in accordance with any of the methods permitted under the regulations issued under section 409A of the Code. Payments made as soon as administratively practicable following the
dates described in this Section 5.3(b) will be deemed made on such dates. 
 5.4 Alternative Forms of Benefit Payments. A
Member may elect to receive payments in any one of the following forms: 
 (a) A lump sum, cash payment; 
 (b) Annual installment payments for a term certain of either 5, 10, or 15 years, payable to the Member or, in the event of such Member’s death prior
to the end of such term certain, to his designated beneficiary as provided in Section 5.6. 
 In the event a Member fails to elect the
form in which his benefit payments are to be made, such benefit payments shall be in the form of a lump sum, cash payment to such Member or, in the event of such Member’s death, to his designated beneficiary as provided in Section 5.6. If
a Member dies and if the Member did elect the form in which his benefit payments are to be made, then benefit payments shall be made to the Member’s designated beneficiary in the form elected by the Member. Notwithstanding any provision herein
to the contrary, in the event a Member incurs a Separation from Service and the total amount credited to the Member’s Grandfathered Account does not exceed $25,000 (or the total amount credited to the Member’s Deferral Account does not
exceed the applicable dollar amount under section 402(g)(1)(B) of the Code with respect thereto), the Committee may, in its sole discretion, pay such amounts credited to the Member’s Grandfathered Account or Deferral Account, as applicable, in
a lump sum, cash payment to such Member, or, in the event of such Member’s death, to his designated beneficiary as provided in Section 5.6; provided that any such payment of the amounts credited to a Member’s Deferral Account will
result in the termination and liquidation of the entirety of the Member’s interest under the Plan and all other plans and other arrangements that are treated as a single plan with this Plan under Treasury regulation section 1.409A-1(c)(2).

 5.5 Withdrawals. 
 (a) Elective Withdrawals. A Member may elect at any time, by effecting the election procedure prescribed by the Committee, to withdraw as a benefit all or a portion of amounts credited to his Grandfathered Account (including
any net income or net loss equivalents allocated thereto) as 

  

 -14- 

 
of any Valuation Date, subject to a withdrawal penalty of 10% of such withdrawn amounts as of such Valuation Date. Upon any such withdrawal, the withdrawal
penalty shall be forfeited to the Employer. 
 (b) Emergency Benefit. A Member may apply for an immediate distribution of all
or a portion of his nonforfeitable interest in his Deferral Account on account of an Unforeseeable Financial Emergency. In the event that the Committee, upon written petition of a Member, determines in its sole discretion that a Member has suffered
an Unforeseeable Financial Emergency, such Member shall be entitled to a distribution from his Deferral Account in an amount not to exceed the lesser of (1) the amount determined by the Committee as necessary to meet such Member’s needs
created by the Unforeseeable Financial Emergency, or (2) the then value of such Member’s nonforfeitable interest in his Deferral Account. Benefits distributed pursuant to this Section 5.5(b) may include amounts necessary to pay any
federal, state, or local income taxes or penalties reasonably anticipated to result from the distribution. Such distribution shall be paid in a single lump sum payment on the first business day following the date the Committee has made its
determinations with respect to the availability and amount of such benefit, and such payment will be deemed made on such date if it is made as soon as administratively practicable following such date. 
 5.6 Designation of Beneficiaries. 
 (a) Each Member shall have the right to designate the beneficiary or beneficiaries to receive payment of his benefit in the event of his death. Each such designation shall be made by executing the beneficiary designation form prescribed by
the Committee and filing same with the Employer; provided, however, that any beneficiary designation made under the OSCA Plan shall remain effective as of March 3, 2003 with respect to any Member who has an OSCA Subaccount. Any such designation
may be changed at any time by execution of a new designation in accordance with this Section. 
 (b) If no such designation is on file at the
time of the death of the Member or such designation is not effective for any reason as determined by the Committee, then the designated beneficiary or beneficiaries to receive such benefit shall be as follows: 
 (1) If a Member leaves a surviving spouse, his benefit shall be paid to such surviving spouse; 
 (2) If a Member leaves no surviving spouse, his benefit shall be paid to such Member’s executor or administrator, or to his heirs at
law if there is no administration of such Member’s estate. 
 5.7 Payment of Benefits. To the extent the Trust Fund has
sufficient assets, the Trustee shall pay benefits to Members or their beneficiaries, except to the extent the Employer pays the benefits directly and provides adequate evidence of such payment to the Trustee. To the extent the Trustee does not or
cannot pay benefits out of the Trust Fund, the benefits shall be paid by the Employer. Any benefit payments made to a Member or for his benefit pursuant to any provision of the Plan shall be debited to such Member’s Grandfathered Account or
Deferral Account, as applicable. All benefit payments made pursuant to any provision of the Plan shall be made in cash to the fullest extent practicable. 
  

 -15- 

 5.8 No Loans. Members shall not at any time be permitted to borrow from the Trust Fund.

 5.9 Unclaimed Benefits. In the case of a benefit payable on behalf of a Member, if the Committee is unable to locate the
Member or beneficiary to whom such benefit is payable, upon the Committee’s determination thereof, such benefit shall be forfeited to the Employer. Notwithstanding the foregoing, if subsequent to any such forfeiture the Member or beneficiary to
whom such benefit is payable makes a valid claim for such benefit, such forfeited benefit shall be restored (without any adjustment for earnings or loss after the time of such forfeiture) to the Plan by the Employer and paid in accordance with the
terms of the Plan. 
 5.10 Claims Procedures. Claims for Plan benefits and reviews of Plan benefit claims which have been
denied or modified will be processed in accordance with the written Plan claims procedures established by the Committee, which procedures are hereby incorporated by reference as part of the Plan. 
 5.11 Other Permitted Accelerated Payments. Notwithstanding anything to the contrary in the Plan, the Committee may, in its discretion,
direct the accelerated payment of Plan benefits under the following circumstances; provided, however, that no Member may be provided a direct or indirect election as to whether the Committee’s discretion to accelerate a payment will be
exercised: 
 (a) To the extent necessary to fulfill a domestic relations order (as defined in section 414(p)(1)(B) of the Code) relating to a
Member, (1) an individual shall be entitled to receive distribution of all or such portion of such Member’s Grandfathered Account, and (2) an individual other than the Member shall be entitled to receive distribution of all or such
portion of the nonforfeitable interest in such Member’s Deferral Account; 
 (b) A Member may receive distribution of all or such
portion of the nonforfeitable interest in his Deferral Account, in a single lump sum payment, to the extent necessary for any Federal officer or employee in the executive branch to comply with an ethics agreement with the Federal government;

 (c) A Member may receive distribution of all or such portion of the nonforfeitable interest in his Deferral Account, in a single lump sum
payment, to the extent reasonably necessary to avoid the violation of an applicable Federal, state, local, or foreign ethics law or conflicts of interest law; 
 (d) A Member may receive a distribution of such portion of the nonforfeitable interest in his Deferral Account, in a single lump sum payment, as is necessary to pay (1) the Federal Insurance Contributions Act tax
imposed under sections 3101, 3121(a), and 3121(v)(2) of the Code, where applicable, on amounts deferred under the Plan that are not credited to a Member’s Grandfathered Account (the “FICA Amount”), (2) the income tax at source on
wages imposed under section 3401 of the Code or the corresponding withholding provisions of applicable state, local, or foreign tax 

  

 -16- 

 
laws as a result of the payment of the FICA Amount, or (3) the additional income tax at source on wages attributable to the pyramiding Code section 3401
wages and taxes; provided, however, that the total payment under this Section 5.11(d) shall not exceed the aggregate of the FICA Amount and the income tax withholding related to such FICA Amount; 
 (e) A Member may receive distribution of such portion of the nonforfeitable interest in his Deferral Account, in a single lump sum payment, as is
required to be included in the Member’s income as a result of the failure of the Plan to comply with section 409A of the Code; provided, however, that such distribution shall not exceed the amount required to be included in the Member’s
income as a result of such failure; 
 (f) A Member may receive distribution of all or such portion of the nonforfeitable interest in his
Deferral Account, in a single lump sum payment, to reflect payment of state, local, or foreign tax obligations arising from participation in the Plan that apply to an amount deferred under the Plan before the amount is paid or made available to the
Member. Any such payment may not exceed (1) the amount of such taxes as are due as a result of participation in the Plan (the “Other Taxes”) (which amount may be made in the form of withholding pursuant to the provisions of the
applicable law or by distribution directly to the Member), (2) the income tax at source on wages imposed under section 3401 of the Code as a result of the distribution of the Other Taxes, and (3) the additional income tax at source on
wages imposed under section 3401 of the Code attributable to the payment of such additional Code section 3401 wages and Other Taxes; 
 (g) A
Member may receive distribution of all or such portion of the nonforfeitable interest in his Deferral Account, in a single lump sum payment, in connection with the settlement of an arms’ length bona fide dispute between the Employer and the
Member as to the Member’s right to benefits under the Plan to the extent contemplated under section 409A of the Code; 
 (h) A Member
may receive distribution of all or such portion of the nonforfeitable interest in his Deferral Accounts, in a single lump sum payment, under any other circumstance permitted under Treasury regulation section 1.409A-3(j)(4) (except in connection with
a qualified domestic relations order) or any successor regulation thereto or prescribed by the Commissioner of Internal Revenue in generally applicable guidance published in the Internal Revenue Bulletin; and 
 (i) The Board may direct, in its discretion, that the nonforfeitable interest of each Member in his Account(s) under the Plan be distributed in
connection with a termination of the Plan in accordance with Article IX. 
 Clauses (a) through (i) under this Section 5.11 are intended to
comply with the applicable exemptions and requirements of section 409A(a)(3) of the Code and Treasury regulation section 1.409A-3(j)(4) that correspond to the provisions described above and shall be interpreted consistently therewith. Any
distribution to be made pursuant to Sections 5.11 (a) through (h) shall be made on the next business day following the determination that such distribution should be made, and such payment will be deemed made on such date if it is made as
soon as administratively practicable following such date. 
  

 -17- 

 VI. 
 ADMINISTRATION OF THE PLAN 
 6.1 Appointment of Committee. The general
administration of the Plan shall be vested in the Committee which shall consist of one or more persons. 
 6.2 Removal. At any
time during his term of office, and for any reason, a member of the Committee may be removed by the Chairman. Any member of the Committee who is an employee of the Employer or of an Affiliate of the Employer shall automatically cease to be a member
of the Committee as of the date he ceases to be employed by the Employer or an Affiliate of the Employer. 
 6.3 Officers, Records and
Procedures. The Committee may select officers and may appoint a secretary who need not be a member of the Committee. The Committee shall keep appropriate records of its proceedings and the administration of the Plan and shall make available
for examination during business hours to any Member or beneficiary such records as pertain to that individual’s interest in the Plan. The Committee shall designate the person or persons who shall be authorized to sign for the Committee and,
upon such designation, the signature of such person or persons shall bind the Committee. 
 6.4 Meetings. The Committee shall
hold meetings upon such notice and at such time and places as it may from time to time determine. Notice to a member shall not be required if waived in writing by that member. A majority of the members of the Committee duly appointed shall
constitute a quorum for the transaction of business. All resolutions or other actions taken by the Committee at any meeting where a quorum is present shall be by vote of a majority of those present at such meeting and entitled to vote. Resolutions
may be adopted or other action taken without a meeting upon written consent signed by all of the members of the Committee. 
 6.5
Indemnity. To the extent permitted by applicable law, the Company shall indemnify and save harmless the Board, the Chairman, the members of the Committee and each employee of the Employer who is a delegate of the Committee against any and
all expenses and liabilities arising out of their discharge in good faith of responsibilities under or incident to the Plan, including any expenses and liabilities that are caused by or result from an act or omission constituting the negligence of
such individual in the performance of such responsibilities, but excluding expenses and liabilities that are caused by or result from such individual’s own gross negligence or willful misconduct. Expenses against which such individual shall be
indemnified shall include, without limitation, the amounts of any settlement or judgment, costs, counsel fees, and related charges reasonably incurred in connection with a claim asserted or a proceeding brought or settlement thereof. This indemnity
shall not preclude such further indemnities as may be available under insurance purchased by the Company or provided by the Company under any bylaw, agreement, vote of stockholders or disinterested directors or otherwise, as such indemnities are
permitted under applicable law. 
  

 -18- 

 6.6 Self-Interest of Committee Members. No member of the Committee shall have any right to
vote or decide upon any matter relating solely to himself under the Plan or to vote in any case in which his individual right to claim any benefit under the Plan is particularly involved. In any case in which a member of the Committee is so
disqualified to act and the remaining members cannot agree, the Chairman shall appoint a temporary substitute member to exercise all of the powers of the disqualified member concerning the matter in which he is disqualified. 
 6.7 Compensation and Bonding. The members of the Committee shall not receive compensation with respect to their services for the Committee.
To the extent required by applicable law, or required by the Company, the members of the Committee shall furnish bond or security for the performance of their duties hereunder. 
 6.8 Committee Powers and Duties. The Committee shall supervise the administration and enforcement of the Plan according to the terms and
provisions hereof and shall have all powers necessary to accomplish these purposes, including, but not by way of limitation, the right, power, authority and duty: 
 (a) to make rules, regulations and bylaws for the administration of the Plan which are not inconsistent with the terms and provisions hereof, provided such rules, regulations and bylaws are evidenced in writing and
copies thereof are delivered to the Trustee and to the Company; 
 (b) to construe all terms, provisions, conditions and limitations of the
Plan; 
 (c) to correct any defect or supply any omission or reconcile any inconsistency that may appear in the Plan, in such manner and to
such extent as it shall deem expedient to carry the Plan into effect for the greatest benefit of all interested parties; 
 (d) to employ and
compensate such accountants, attorneys, investment advisors and other agents and employees as the Committee may deem necessary or advisable in the proper and efficient administration of the Plan; 
 (e) consistent with provisions of the Plan, to determine the amount, manner and time of payment of any benefits and to prescribe procedures to be
followed by distributees in obtaining benefits; 
 (f) to make a determination as to the right of any person to a benefit under the Plan; and

 (g) to receive and review reports from the Trustee as to the financial condition of the Trust Fund, including its receipts and
disbursements. 
 6.9 Right to Delegate. The Committee may from time to time allocate to one or more of the Employer’s
officers, employees, or agents, and may delegate to any other person or organization, any of its powers, duties, and responsibilities with respect to the operation and administration of the Plan, including, but not limited to, the day-to-day
administration of the Plan, and may employ, and authorize any person to whom any of its responsibilities have been delegated to employ, persons to render advice with regard to any responsibility held hereunder. Upon such designation and 

  

 -19- 

 
acceptance, the Committee shall have no liability for the acts or omissions of any such designee as long as the Committee does not violate its responsibility
in making or continuing such designation. All allocations and delegations of responsibility shall be reviewed at least annually by the Committee, as applicable, and shall be terminable upon such notice as the Committee in its discretion deems
reasonable and prudent under the circumstances. 
 6.10 Employer to Supply Information. The Employer shall supply full and
timely information to the Committee relating to the Compensation of all Members, their ages, their retirement, death or other cause for termination of employment and such other pertinent facts as the Committee may require. The Employer shall advise
the Trustee of such of the foregoing facts as are deemed necessary for the Trustee to carry out the Trustee’s duties under the Plan. When making a determination in connection with the Plan, the Committee shall be entitled to rely upon the
aforesaid information furnished by the Employer. 
 VII. 
 ADMINISTRATION OF FUNDS 
 7.1 Payment of Expenses. All expenses incident to the
administration of the Plan and Trust, including but not limited to, legal, accounting, Trustee fees, expenses of the Committee and the cost of furnishing any bond or security required of the Committee, may be paid by the Employer and, if not paid by
the Employer, shall be paid by the Trustee from the Trust Fund. 
 7.2 Trust Fund Property. All income, profits, recoveries,
contributions, forfeitures and any and all moneys, securities and properties of any kind at any time received or held by the Trustee shall be held for investment purposes as a commingled Trust Fund pursuant to the terms of the Trust Agreement. The
Committee shall maintain an Account or Accounts in the name of each Member, but the maintenance of an Account or Accounts designated as the Account(s) of a Member shall not mean that such Member shall have a greater or lesser interest than that due
him by operation of the Plan and shall not be considered as segregating any funds or property from any other funds or property contained in the commingled fund. No Member shall have any title to any specific asset in the Trust Fund. 
 VIII. 
 DESIGNATION OF OTHER
EMPLOYERS 
 The Committee may designate any organization eligible by law to participate in the Plan as an Employer by written
instrument delivered to the designated Employer; provided, however, that such entity must be an Affiliate of the Company. Such written instrument shall specify the effective date of such designation and shall become, as to such designated Employer
and persons in its employment, a part of the Plan. Each designated Employer shall be conclusively presumed to have consented to such designation and to have agreed to be bound by the Plan upon its submitting any 

  

 -20- 

 
information pursuant to the terms of the Plan. The terms of the Plan may be modified as applied to the Employer only by written agreement between the Company
and the designated Employer. Any Employer may, by appropriate action of its Board of Directors or noncorporate counterpart with written notice to the Committee, terminate its participation in the Plan effective immediately prior to the start of any
subsequent Plan Year. Moreover, the Committee may, in its discretion, terminate an Employer’s Plan participation by written notice to such Employer, effective immediately prior to the start of any subsequent Plan Year; provided, however, that
if an Employer ceases to be an Affiliate of the Company, such Employer’s Plan participation may be terminated by the Committee effective immediately upon such cessation or any such other time that complies with section 409A of the Code.
However, distributions pursuant to any termination of an Employer’s participation in the Plan shall be subject to the provisions of Article IX. 
 IX. 
 DISCONTINUANCE OR TERMINATION 
 9.1 Declaration of Intent. The Employer has established the Plan with the bona fide intention and expectation that from year to year it
will be able to, and will deem it advisable to, continue deferrals as herein provided. However, the Board realizes that circumstances not now foreseen, or circumstances beyond its control, may make it either impossible or inadvisable for the
Employer to continue deferrals hereunder. Therefore, the Board shall have the power to terminate the Plan or partially terminate the Plan (including with respect to any particular Employer) at any time hereafter. The Committee and the Trustee shall
be notified of such discontinuance, termination, or partial termination. 
 9.2 Administration of Plan in Case of Discontinuance or
Termination. 
 (a) Upon discontinuance or termination, any previously uncredited deferrals and net income (or net loss) equivalents
shall be credited among the Accounts of the Members on such date of discontinuance or termination according to the provisions of Article III, as if such date of discontinuance or termination were a Valuation Date. Thereafter, the net income (or net
loss) equivalents shall continue to be allocated to the Accounts of the Members until the balances credited thereto are distributed. In the event of termination, the date of the final distribution shall be treated as a Valuation Date. 
 (b) In the case of a total or partial termination of the Plan, and in the absence of a Plan amendment to the contrary, the balance credited to the
Account(s) of a Member for whom the Plan is terminated shall be paid to such Member or his designated beneficiary at the time and in the manner specified by the Committee, which may include the payment of a single, lump sum cash payment in full
satisfaction of all such Member’s or beneficiary’s benefits hereunder. Notwithstanding the preceding provisions of this Section 9.2, to the extent required by section 409A of the Code, the Plan may not be terminated in a manner that
would give rise to an impermissible acceleration of the time or form of a payment of a benefit under the Plan pursuant to section 409A(a)(3) of the Code and any regulations or guidance issued thereunder or that would otherwise not comply with any
other provision of section 409A of the Code (including any regulations or guidance issued thereunder). 
  

 -21- 

 X. 
 NATURE OF THE PLAN 
 The Employer intends and desires by the adoption of the Plan to recognize
the value to the Employer of the past and present services of employees covered by the Plan and to encourage and assure their continued service with the Employer by making more adequate provision for their future retirement security. The
establishment of the Plan is made necessary by certain benefit limitations which are imposed on the Thrift Plan by ERISA and by the Code. The Plan is intended to constitute an unfunded, unsecured promise of the Employer to pay benefits to each
Member (or his beneficiary) as herein provided out of the Employer’s general assets. Nevertheless, subject to the terms hereof and of the Trust Agreement, the Employer shall transfer money or other property to the Trustee and the Trustee shall
pay Plan benefits to Members and their beneficiaries out of the Trust Fund. 
 As a means of administering the assets of the Plan, the
Employer has adopted the Trust pursuant to which Fidelity Management Trust Company serves as Trustee as of March 15, 2001. The Employer shall remain the owner of all assets in the Trust Fund and the assets shall only be subject to the claims of
Employer creditors if the Employer becomes insolvent. As used in this Article X, the Employer shall be deemed to be “insolvent” if (a) the Employer is unable to pay its debts as they come due or (b) the Employer is subject
to a pending proceeding as a debtor under the federal Bankruptcy Code (or any successor federal statute). Determinations as to the insolvency of the Employer shall be made in accordance with the provisions of the Trust Agreement. Further, the
provisions of the Trust Agreement shall govern the disposition of the Trust Fund in the event the Employer is insolvent or in the event the Trustee receives a written notice alleging the Employer is insolvent. No Member or beneficiary shall have any
preferred claim to, or any beneficial ownership interest in, any assets of the Trust Fund prior to the time such assets are paid to such Member or beneficiary as benefits. 
 XI. 
 MISCELLANEOUS 
 11.1 Not Contract of Employment. The adoption and maintenance of this Plan shall not be deemed to be a contract between the Employer and
any person or to be consideration for the employment or retention of the services of any person. Nothing herein contained shall be deemed to give any person the right to be retained in the employ of (or to be engaged to provide services to) the
Employer or to restrict the right of the Employer to discharge any person at any time, nor shall the Plan be deemed to give the Employer the right to require any person to remain in the employ of (or to remain under any contract to provide services
to) the Employer or to restrict any person’s right to terminate his employment or services at any time. 
  

 -22- 

 11.2 Alienation of Interest Forbidden. The interest of a Member or his beneficiary or
beneficiaries hereunder may not be sold, transferred, assigned, or encumbered in any manner, either voluntarily or involuntarily, and any attempt so to anticipate, alienate, sell, transfer, assign, pledge, encumber, or charge the same shall be null
and void; neither shall the benefits hereunder be liable for or subject to the debts, contracts, liabilities, engagements, or torts of any person to whom such benefits or funds are payable, nor shall they be an asset in bankruptcy or subject to
garnishment, attachment, or other legal or equitable proceedings. The preceding notwithstanding, the Committee shall comply with the terms and provisions of an order that satisfies the requirements for a “qualified domestic relations
order” as defined in section 206(d) of ERISA, including an order that requires distributions to an alternate payee prior to a Member’s “earliest retirement age” as such term is defined in section 206(d)(3)(E)(ii) of ERISA;
provided, however, that the only acceleration of the time or schedule of a payment provided for under this Plan that may be made under such order is one made to an individual other than a Member and only to the extent necessary to fulfill such
order. 
 11.3 Amendment. The Company may from time to time, in its discretion, amend, in whole or in part, any or all of the
provisions of the Plan on behalf of the Company and all Employers; provided, however, that no amendment may be made that would impair the rights of a Member with respect to amounts already credited to his Account(s). Notwithstanding the foregoing,
(a) to the extent required by section 409A of the Code, the Plan may not be amended in a manner that would give rise to an impermissible acceleration of the time or form of a payment of a benefit under the Plan pursuant to section 409A(a)(3) of
the Code and any regulations or guidance issued thereunder, and (b) if the Company determines that the terms of the Plan do not, in whole or in part, satisfy the requirements of section 409A of the Code, then the Company may, in its sole
discretion, amend the Plan (without obtaining the consent of any Member) in such manner as the Company deems appropriate to comply with section 409A of the Code and any regulations or guidance issued thereunder. 
 11.4 Severability. If any provision of this Plan shall be held illegal or invalid for any reason, said illegality or invalidity shall not
affect the remaining provisions hereof; instead, each provision shall be fully severable, and the Plan shall be construed and enforced as if said illegal or invalid provision had never been included herein. 
 11.5 Governing Laws. All provisions of the Plan shall be construed in accordance with the laws of Texas except to the extent preempted by
federal law. 
  

 -23- 

 EXECUTED this 22nd day of December, 2008, to be effective as of the Effective Date. 
  

			
	BJ SERVICES COMPANY, U.S.A.
		
	By:	 	 /s/ J.W. Stewart

		 	J.W. Stewart, President and CEO

  

 -24-Amended and Restated Supplemental Executive Retirement Plan

 Exhibit 10.6 
 BJ SERVICES COMPANY 
 SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN  
 (As Amended and Restated Effective as of December 5, 2008) 
 WITNESSETH: 
 WHEREAS, BJ SERVICES COMPANY (the “Company”), has heretofore
adopted the BJ SERVICES COMPANY SUPPLEMENTAL EXECUTIVE RETIREMENT PLAN (the “SERP”) for the benefit of certain of its employees; 
 WHEREAS, since January 1, 2005, the Company has operated and administered the SERP in good faith compliance with the requirements of section 409A of the Internal Revenue Code of 1986, as amended (the “Code”),
bifurcating the SERP into two separate component plans, one that is subject to the requirements of section of 409A of the Code (“409A SERP Component”) and one that is not (“Pre-409A SERP Component”); and 
 WHEREAS, the Company desires to amend and restate the 409A SERP Component, effective December 5, 2008 (the “Effective Date”), with
such amended and restated 409A SERP Component being referred to herein as the “Plan”; 
 NOW, THEREFORE, the SERP is
bifurcated effective as of January 1, 2005, with the Pre-409A SERP Component being continued, with no interruption in time, as it was in effect on October 3, 2004 and as the same was subsequently amended effective June 1, 2007; and
further, by this instrument, the Plan is hereby amended and restated in its entirety as follows, with no interruption in time, as of the Effective Date: 
 ARTICLE I 
 Purpose 
 1.1 Purpose of Plan. The purpose of the Plan is to advance the interests of the Company, its subsidiaries and affiliates, and its owners by
attracting and retaining in its employ highly qualified individuals for the successful conduct of its business. The Employer hopes to accomplish these objectives by helping to provide for the retirement of its key employees selected to participate
in the Plan. 
 1.2 ERISA Status. The Plan is intended to qualify for certain exemptions under Title I of the Employee
Retirement Income Security Act of 1974, as amended, provided for plans that are unfunded and maintained primarily for the purpose of providing deferred compensation for a select group of management or highly compensated employees. 
 ARTICLE II  
 Definitions
and Construction 
 2.1 Definitions. Where the following words and phrases appear in the Plan, they shall have the
respective meanings set forth below, unless their context clearly indicates to the contrary. 
  

 -1- 

	(1)	Acting as a Group. “Acting as a group” within the meaning of Treasury regulation section 1.409A-3(i)(5)(v)(B), (vi)(D), or (vii)(C), as applicable.

  

	(2)	Actuarial Equivalent. The lump sum amount that is equal in value to a Participant’s Pension determined pursuant to Article IV, based on an interest rate equal to
the average Applicable Interest Rate for the longer of (a) the period beginning on the Original Effective Date and ending upon the month preceding the Applicable Date or (b) the five-year period ending on the month preceding the Applicable
Date (or some other prevailing interest rate selected by the Committee) and on mortality rate assumptions determined by using the male rates from the 1983 Group Annuity Mortality Table (or some other prevailing mortality table selected by the
Committee). 

  

	(3)	Affiliate: With respect to a person, any other person with whom the person would be considered a single employer under section 414(b) of the Code (employees of
controlled group of corporations) and any other person with whom the person would be considered a single employer under section 414(c) of the Code (employees of partnerships, proprietorships, etc., under common control); provided, however, that
(a) in applying section 1563(a)(1), (2), and (3) of the Code for purposes of determining a controlled group of corporations under section 414(b) of the Code, the language “at least 50 percent” shall be used instead of “at
least 80 percent” each place it appears in section 1563(a)(1), (2), and (3) of the Code, and (b) in applying Treasury regulation section 1.414(c)-2 for purposes of determining trades or businesses (whether or not incorporated) that
are under common control for purposes of section 414(c) of the Code, the language “at least 50 percent” shall be used instead of “at least 80 percent” each place it appears in Treasury regulation section 1.414(c)-2.

  

	(4)	Applicable Date. The earlier of (a) the date the Participant ceases to participate in the Plan, (b) the date the Participant dies, (c) the date the
Participant becomes Disabled, (d) the date of the Participant’s Termination, (e) in the event the Committee, in its sole discretion, determines to pay benefits under the Plan in a lump sum following a Change of Control or a
Section 409A Change of Control, the date of such Change of Control or Section 409A Change of Control, or (f) in the event that the Board, in its sole discretion, terminates the Plan for any other reason and accelerates the payment of
benefits under the Plan in accordance with any of clauses (a), (c), or (d) of Section 8.2, the date the payment of Plan benefits is made pursuant to such termination of the Plan. 

  

	(5)	Applicable Interest Rate. The annual rate of interest on 30-year Treasury securities for any month as published by the Federal Reserve Board. 

 

	(6)	As soon as administratively practicable. For purposes of benefit distributions, a date of distribution that is as soon as administratively practicable as determined by
the Committee following the date of payment specified under the Plan, but in no event later than the later of (a) the 15th day of the third calendar month following the specified payment date or (b) December 31st of the calendar year
in which the specified payment date occurs; provided, however, that for lump sum payments made pursuant to Section 4.8(b), such distribution may be made within the 30-day period preceding the date of the Section 409A Change of Control. In
no event will a Participant or his Beneficiary be permitted to designate the taxable year of the payment. 

  

 -2- 

	(7)	Base Contribution Benefit. The annual benefit derived by accumulating the Employer Base Contributions (as such term is defined in the Thrift Plan) that would have been
made on behalf of a Participant under the Thrift Plan (or any predecessor thereto sponsored or maintained by the Employer or any predecessor or affiliate thereof) without regard to the limitations imposed by the Code at an interest rate for each
calendar year equal to the average Applicable Interest Rate for the twelve months preceding such calendar year (or some other prevailing interest rate selected by the Committee), compounded annually to the Applicable Date. A Participant’s Base
Contribution Benefit shall be adjusted in the event that the Participant’s Employer Base Contributions under the Thrift Plan are reduced as a result of the limitations imposed by the Code and there is no corresponding contribution under the DCP
Plan. 

  

	(8)	Beneficiary. The person designated by each Participant, on a form provided by the Employer for this purpose, to receive the Participant’s distribution under
Article V in the event of the Participant’s death prior to receiving complete payment of his account. In order to be effective under this Plan, any form designating a Beneficiary must be delivered to the Committee before the Participant’s
death. In the absence of such an effective designation of a Beneficiary, “Beneficiary” means the Participant’s spouse, or if there is no spouse on the date of the Participant’s death, the Participant’s executor or
administrator or heirs at law if there is no administration of the Participant’s estate. 

  

	(9)	Board. The Board of Directors of the Company. 

  

	(10)	 Change of Control. A “Change of Control” shall be deemed to have occurred upon, and shall mean (a) the acquisition by any individual,
entity or group (within the meaning of Section 13(d)(3) or 14(d)(2) of the Exchange Act) (a “Person”) of beneficial ownership (within the meaning of Rule 13d-3 promulgated under the Exchange Act) of 25% or more of either (i) the
then outstanding shares of Common Stock, $.10 par value per share, of the Company (the “Outstanding Company Common Stock”) or (ii) the combined voting power of the then outstanding voting securities of the Company entitled to vote
generally in the election of directors (the “Outstanding Company Voting Securities”); provided, however, that the following acquisitions shall not constitute a Change of Control: (A) any acquisition directly from the Company
(excluding an acquisition by virtue of the exercise of a conversion privilege), (B) any acquisition by the Company, (C) any acquisition by any employee benefit plan(s) (or related trust(s)) sponsored or maintained by the Company or any
corporation controlled by the Company, or (D) any acquisition by any corporation pursuant to a reorganization, merger or consolidation, if, immediately following such reorganization, merger or consolidation, the conditions described in clause
(i), (ii) and (iii) of clause (c) of this Section are satisfied; (b) the approval by the Company’s stockholders of the sale or disposition of all or substantially all of the Company’s assets or the dissolution or
liquidation of the Company; or (c) the approval by the stockholders of the Company of a reorganization, merger or consolidation, in each case, unless immediately following such reorganization, merger or consolidation (i) more than 60% of,
respectively, the then outstanding shares of common stock of the 

  

 -3- 

	 	 
corporation resulting from such reorganization, merger or consolidation and the combined voting power of the then outstanding voting securities of such
corporation entitled to vote generally in the election of directors is then beneficially owned, directly or indirectly by all or substantially all of the individuals and entities who were the beneficial owners, respectively, of the Outstanding
Company Common Stock and Outstanding Company Voting Securities immediately prior to such reorganization, merger or consolidation in substantially the same proportions as their ownership, immediately prior to such reorganization, merger or
consolidation, of the Outstanding Company Common Stock and Outstanding Company Voting Securities, as the case may be, (ii) no Person (excluding the Company, any employee benefit plan(s) (or related trust(s) of the Company and/or its
subsidiaries or such corporation resulting from such reorganization, merger or consolidation and any Person beneficially owning, immediately prior to such reorganization, merger or consolidation, directly or indirectly, 25% or more of the
Outstanding Company Common Stock or Outstanding Company Voting Securities, as the case may be) beneficially owns, directly or indirectly, 25% or more of, respectively, the then outstanding shares of common stock of the corporation resulting from
such reorganization, merger or consolidation or the combined voting power of the then outstanding voting securities of such corporation entitled to vote generally in the election of directors and (iii) at least a majority of the members of the
board of directors of the corporation resulting from such reorganization, merger or consolidation were members of the Incumbent Board (as defined below) at the time of the execution of the initial agreement providing for such reorganization, merger
or consolidation. The “Incumbent Board” shall mean individuals who, as of the date the Plan is adopted by the Board, constitute the Board; provided, however, that any individual becoming a director subsequent to such date whose election,
or nomination for election by the Company’s stockholders, was approved by a vote of at least a majority of the directors then comprising the Incumbent Board shall be considered as though such individual were a member of the Incumbent Board, but
excluding, for this purpose, any such individual whose initial assumption of office occurs as a result of either (1) an actual or threatened election contest (as such terms are used in Rule 14a-11 of Regulation 14A promulgated under the
Exchange Act), or an actual or threatened solicitation of proxies or consents by or on behalf of a Person other than the Board or (2) a plan or agreement to replace a majority of the members of the Board then comprising the Incumbent Board.

  

	(11)	Code. The Internal Revenue Code of 1986, as amended. 

  

	(12)	Committee. The Compensation Committee of the Board, or such other administrative committee that is appointed by the Board to administer the Plan.

  

	(13)	Company. BJ Services Company, a corporation organized and existing under the laws of the State of Delaware, or its successor or successors. 

 

	(14)	Compensation. The sum of base salary and bonuses received by a Participant during a calendar year. 

  

	(15)	DCP Plan. The BJ Services Deferred Compensation Plan, as amended from time to time. 

  

 -4- 

	(16)	Disability or Disabled. A Participant is considered Disabled if he is, by reason of any medically determinable physical or mental impairment that can be expected to
result in death or can be expected to last for a continuous period of not less than 12 months, either (1) unable to engage in any substantial gainful activity or (2) receiving income replacement benefits for a period of not less than three
months under an accident and health plan covering employees of the Employer. 

  

	(17)	Early Retirement. A Participant’s Termination on or after the later of (i) his fifty-fifth birthday or (ii) the date he becomes vested pursuant to
Article V, but prior to eligibility for Normal Retirement. 

  

	(18)	Effective Date. The effective date of this restatement of the Plan, which is December 5, 2008. 

  

	(19)	Eligible Employee. A highly compensated or management employee of the Company or an Affiliate. 

  

	(20)	Employer. The Company, its subsidiaries, and affiliates. 

  

	(21)	ERISA. The Employee Retirement Income Security Act of 1974, as amended. 

  

	(22)	Exchange Act. The Securities Exchange Act of 1934, as amended. 

  

	(23)	Highest Average Compensation. The average Compensation received by a Participant during the three consecutive complete calendar years of employment (or, if less, his
complete calendar years of employment) within the last ten complete calendar years of employment (or, if less, his complete calendar years of employment) prior to the Applicable Date that yield the highest average Compensation.

  

	(24)	Normal Retirement. A Participant’s Termination on or after the later of (i) his sixtieth birthday or (ii) the date he becomes vested pursuant to Article
V. 

  

	(25)	Original Effective Date. The Plan origination date of October 1, 2000. 

  

	(26)	Participant. An Eligible Employee who has been selected by the Committee as a Participant in the Plan until such Eligible Employee ceases to be a Participant in
accordance with Article III of the Plan. 

  

	(27)	Pension. With respect to a Participant eligible to receive benefits under the Plan, a series of annual payments for the life of the Participant determined pursuant to
Article IV. 

  

	(28)	Plan. The BJ Services Company Supplemental Executive Retirement Plan set forth in this document, as the same may be amended from time to time.

  

	(29)	Plan Year. The twelve-consecutive month period commencing January 1 of each year. 

  

	(30)	Prior Pension Benefit. The annual benefit, if any, payable to a Participant from or with respect to a defined benefit plan sponsored or maintained at any time by the
Employer or any predecessor or affiliate thereof, determined as if payable at Normal Retirement in the form of a Pension. 

  

 -5- 

	(31)	Section 409A Change of Control. The occurrence of any one of the following events: 

 (a) Any one person, or more than one person Acting as a Group, acquires ownership of stock of the Company that, together with stock held by such person
or group, constitutes more than 50% of the total fair market value or total voting power of the stock of the Company; provided, however, that if any one person, or more than one person Acting as a Group, is considered to own more than 50% of the
total fair market value or total voting power of the stock of the Company, the acquisition of additional stock by the same person or group does not cause a Section 409A Change of Control within the meaning of this Section 2.1(31)(a); and
provided, further, that an increase in the percentage of stock owned by any one person, or persons Acting as a Group, as a result of a transaction in which the Company acquires its stock in exchange for property will be treated as an acquisition of
stock for purposes of this Section 2.1(31)(a); and provided, further, that this Section 2.1(31)(a) applies to cause a Section 409A Change of Control only when there is a transfer of stock of the Company (or issuance of stock of the
Company) and stock in the Company remains outstanding after the transaction; and provided, further, that, if any person, or more than one person Acting as a Group, is considered to have met the control requirements of Section 2.1(31)(b) below,
the acquisition of additional stock by the same person or group will not cause a Section 409A Change of Control within the meaning of this Section 2.1(31)(a); or 
 (b) Either: 
 (i) Any one
person, or more than one person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or group) ownership of stock of the Company possessing 30% or more of the total
voting power of the stock of the Company; provided, however, that if one person, or more than one person Acting as a Group, is considered to own more than 50% of the total fair market value or total voting power of the stock of the Company, the
acquisition of additional stock by the same person or group will not cause a Section 409A Change of Control within the meaning of this Section 2.1(31)(b); and provided, further, that, if any person, or more than one person Acting as a
Group is considered to have met the control requirements of this Section 2.1(31)(b), the acquisition of additional stock by the same person or group will not cause a Section 409A Change of Control within the meaning of this
Section 2.1(31)(b); or 
 (ii) A majority of the members of the Board is replaced during any 12-month period by directors
whose appointment or election is not endorsed by a majority of the members of the Board before the date of such appointment or election; or 
 (c) Any one person, or more than one person Acting as a Group, acquires (or has acquired during the 12-month period ending on the date of the most recent acquisition by such person or group) assets from the Company that have a total
“gross fair market value” equal to all or substantially all of the total “gross fair market value” of all the assets of the Company immediately before such acquisition or acquisitions; provided, however, that there is no Section

  

 -6- 

 
409A Change of Control under this Section 2.1(31)(c) where there is a Transfer to a Related Person. For purposes of this Section 2.1(31)(c),
“gross fair market value” means the value of the assets of the Company, or the value of the assets being disposed of, determined without regard to any liabilities associated with such assets. 
 For purposes of this Section 2.1(31), section 318(a) of the Code applies to determine stock ownership. The definition of Section 409A Change of Control under
this Section 2.1(31) is intended to comply with the applicable definitions and requirements of section 409A(a)(2)(A)(v) of the Code and Treasury regulation section 1.409A-3(i)(5) that correspond to the change of control events described above
and shall be interpreted consistently therewith. 
  

	(32)	Severance Agreement. An agreement between the Company and a Participant that provides for benefits in the event of certain terminations of employment following a
Change of Control. 

  

	(33)	Social Security Benefit. Twelve (12) times the projected monthly primary insurance amount under the federal Social Security Act the Participant will be eligible
to receive at age 62, calculated under the provisions of the federal Social Security Act as in effect at the time of such calculation and using assumptions and indices approved by the Committee. 

  

	(34)	Termination. A Participant’s “separation from service” with the Company and its Affiliates, within the meaning of section 409A(a)(2)(A)(i) of the Code
(and applicable administrative guidance issued thereunder). 

  

	(35)	Thrift Plan. The BJ Services Retirement Thrift Plan, as amended from time to time. 

  

	(36)	Transfer to a Related Person. A transfer of assets by the Company where the assets are transferred to a transferee who is, determined immediately after the transfer of
assets except where otherwise specified, either: 

 (a) A shareholder of the Company (immediately before the asset transfer) in
exchange for or with respect to its stock; 
 (b) An entity, 50% or more of the total value or voting power of which is owned, directly or
indirectly, by the Company; 
 (c) A person, or one or more persons Acting as a Group, that owns, directly or indirectly, 50% or more of the
total value or voting power of all the outstanding stock of the Company; or 
 (d) An entity, at least 50% of the total value or voting power
of which is owned, directly or indirectly, by a person described in Paragraph (c) of this Section 2.1(36). 
  

	(37)	Vested Percentage. The percentage of a Participant’s benefit which, pursuant to the Plan, is nonforfeitable. 

  

 -7- 

	(38)	Years of Service. The number of years of a Participant’s employment with the Employer from his last date of hire to the Applicable Date, including any fractional
years rounded to the nearest one-hundredth of one year. In addition, the Committee, in its sole discretion, may credit a Participant with Years of Service for service with the Employer prior to his last date of hire. The Committee shall notify the
Participant in writing of any such credit for prior service with the Employer. 

 ARTICLE III  
 Participation 
 The Committee,
in its sole discretion, shall select and notify in writing those Eligible Employees who shall participate in the Plan. An Eligible Employee who has been selected by the Committee as a Participant shall continue to participate in the Plan until the
earlier of (a) the date the Committee notifies the Participant that he is no longer eligible to participate in the Plan or (b) the date of his Termination. A Participant who ceases to participate in the Plan pursuant to clause (a) of
the preceding sentence shall be treated as if he had terminated employment with the Employer, but his benefit shall not be payable until after his Termination. An Eligible Employee who is rehired by the Employer following his Termination shall
become a Participant only if such Eligible Employee is again selected to participate in the Plan by the Committee. 
 ARTICLE IV 

 Benefits 
 4.1 Provision for Benefits. Benefits under the Plan shall constitute general obligations of the Employer in accordance with the terms of the Plan. No amounts in respect of such benefits shall be set aside or held in trust, and
no recipient of any benefit shall have any right to have the benefit paid out of any particular assets of the Employer. (However, the Board may establish a trust(s) out of which the benefits hereunder may be paid, provided that the principal and
income of such trust(s) are subject to the claims of the creditors of the Employer in the event of insolvency as provided for under the terms of such trust(s).) 
 4.2 Normal Retirement Benefit. The benefit in the event of Normal Retirement shall be equal to the Actuarial Equivalent of the Pension, which shall be derived from the following formula: Highest Average
Compensation times the lesser of: i) 2% times Years of Service, or ii) 60%, the product of which is multiplied by the Participant’s Vested Percentage, the product of which is then offset in all years by the sum of: i) the Base Contribution
Benefit, ii) the Prior Pension Benefit, and iii) the Social Security Benefit. Such Normal Retirement benefit shall be paid in the form provided in Article VI. Payment of the Normal Retirement benefit shall begin as of the date that is six months
following the Participant’s Termination (or the date of the Participant’s death, if earlier), and such payment will be deemed made on such date if it is made as soon as administratively practicable following such date. 
 4.3 Early Retirement Benefit. The benefit in the event of Early Retirement shall be equal to the Actuarial Equivalent of the Pension, which
shall be derived from the following formula: Highest Average Compensation times the lesser of: i) 2% times Years of Service, or ii) 60%, the product of which is multiplied by the Participant’s Vested Percentage, reduced by 5% times the number
of years that the Participant’s Early Retirement precedes his eligibility for 

  

 -8- 

 
Normal Retirement, and then offset in all years by the sum of: i) the Base Contribution Benefit, ii) the Prior Pension Benefit, and iii) the Social Security
Benefit. Such Normal Retirement benefit shall be paid in the form provided in Article VI. Payment of the Early Retirement benefit shall begin as of the date that is six months following the Participant’s Termination (or the date of the
Participant’s death, if earlier), and such payment will be deemed made on such date if it is made as soon as administratively practicable following such date. 
 4.4 Pre-Termination Cessation of Participation Benefit. The benefit in the event a Participant ceases to participate in the Plan prior to his Termination shall be equal to the Actuarial Equivalent of the
Pension, calculated as of the date of such cessation using the Participant’s age as of such date, which shall be derived from the following formula: Highest Average Compensation times the lesser of: i) 2% times Years of Service, or ii) 60%, the
product of which is multiplied by the Participant’s Vested Percentage, reduced by 5% times the number of years that the cessation of participation precedes his eligibility for Normal Retirement, but no more than 25%, and then offset in all
years by the sum of: i) the Base Contribution Benefit, ii) the Prior Pension Benefit, and iii) the Social Security Benefit. The cessation benefit shall be accumulated at an interest rate for each calendar year equal to the average Applicable
Interest Rate for the 12 months preceding such calendar year (or some other prevailing interest rate selected by the Committee) until payment of such benefit is made. Notwithstanding the foregoing, no cessation benefit shall be paid pursuant to this
Section 4.4 unless the Participant’s Termination occurs on or after his eligibility for Early Retirement. The cessation benefit shall be paid in a lump sum on the date that is six months following the Participant’s Termination (or the
date of the Participant’s death, if earlier), and such payment will be deemed made on such date if it is made as soon as administratively practicable following such date. 
 4.5 Pre-Termination Death Benefit. In the event the Participant dies prior to his Termination but after eligibility for Early Retirement or
Normal Retirement, the benefit payable to his Beneficiary shall be calculated as if the Participant’s Termination was an Early Retirement or Normal Retirement that occurred on the date of his death. In the event the Participant dies prior to
his Termination and prior to eligibility for Early Retirement, the benefit payable to his Beneficiary shall be equal to the Actuarial Equivalent of the Pension calculated as of the date the Participant would have become eligible for Early
Retirement, which shall be derived from the following formula: Highest Average Compensation times the lesser of: i) 2% times Years of Service, or ii) 60%, the product of which is multiplied by the Participant’s Vested Percentage (which shall be
100%), reduced by 5% times the number of years that the Participant’s death precedes his eligibility for Normal Retirement, but no more than 25%, and then offset in all years by the sum of: i) the Base Contribution Benefit, ii) the Prior
Pension Benefit, and iii) the Social Security Benefit, and which shall be discounted at an interest rate equal to the average Applicable Interest Rate for the longer of (a) the period beginning on the Original Effective Date and ending upon the
month preceding the Applicable Date or (b) the five-year period ending on the month preceding the Applicable Date (or some other prevailing interest rate selected by the Committee) for the number of years that such Participant’s death
precedes the date he would have become eligible for Early Retirement. Such death benefit shall be paid in the form provided in Article VI. Payment of this benefit shall begin on the 90th day following the date of death, and such payment will be
deemed made on such date if it is made as soon as administratively practicable following such date. 
  

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 4.6 Post-Termination Death Benefit. In the event the Participant dies after his Termination
but prior to receiving all benefit distributions to which he was entitled, the remaining benefit distributions shall be paid to his Beneficiary in the form provided in Article VI and if paid in a lump sum, shall be equal to the Actuarial Equivalent
of the Participant’s remaining benefit. Payment of this benefit shall be paid to the Participant’s Beneficiary on the 90th day following the date of the Participant’s death, and such payment will be deemed made on such date if it is
made as soon as administratively practicable following such date. 
 4.7 Disability Benefit. In the event the Participant
becomes Disabled prior to his Termination but after eligibility for Normal Retirement, the benefit payable to him shall be calculated as if the Participant’s Disability was a Normal Retirement that occurred on the date of his Disability. In the
event the Participant becomes Disabled prior to eligibility for Normal Retirement, the benefit payable to the Participant shall be equal to the Actuarial Equivalent of the Pension, calculated as of the date the Participant became Disabled but using
the Participant’s age and Years of Service as of the date he would have become eligible for Normal Retirement, which shall be derived from the following formula: Highest Average Compensation times the lesser of: i) 2% times Years of Service, or
ii) 60%, the product of which is multiplied by the Participant’s Vested Percentage (which shall be 100%), and then offset in all years by the sum of: i) the Base Contribution Benefit, ii) the Prior Pension Benefit, and iii) the Social Security
Benefit. Such Disability benefit shall be paid in the form provided in Article VI. Payment of such Disability benefit shall begin as of the 90th day following the date the Participant becomes Disabled, and such payment will be deemed made on such
date if it is made as soon as administratively practicable following such date. 
 4.8 Change of Control Benefit. 

(a) In the event of a Termination with respect to which a Participant who has a Severance Agreement with the Company is eligible to receive benefits
pursuant to his Severance Agreement, a Participant shall receive a change of control benefit that shall be equal to the benefit payable to the Participant pursuant to Sections 4.2, 4.3, 4.4 or this Section 4.8, as applicable, determined as if
the Participant had continued to work for the Company for three (3) years following the date of his Termination, thereby resulting in an additional three (3) Years of Service and an additional three (3) years of age. If such a
Participant is not eligible for a benefit pursuant to Sections 4.2, 4.3, or 4.4, the Participant’s change of control benefit shall be equal to the Actuarial Equivalent of the Pension, calculated as of the date the Participant would have become
eligible for Early Retirement, which shall be derived from the following formula: Highest Average Compensation times the lesser of: i) 2% times Years of Service (reflecting the three (3) year increase), or ii) 60%, the product of which is
multiplied by the Participant’s Vested Percentage (which shall be 100%), reduced by 5% times the number of years that the Termination (reflecting the three (3) year increase) precedes his eligibility for Normal Retirement, but no more than
25%, and then offset in all years by the sum of: i) the Base Contribution Benefit, ii) the Prior Pension Benefit, and iii) the Social Security Benefit, and which shall be discounted at an interest rate equal to the average Applicable Interest Rate
for the longer of (a) the period beginning on the Original Effective Date and ending upon the month preceding the Applicable Date or (b) the five-year period ending on the month preceding the Applicable Date (or some other prevailing
interest rate selected by the Committee) for the number of years that such Participant’s Termination (reflecting the three (3) year increase) 

  

 -10- 

 
precedes the date he would have become eligible for Early Retirement. If the Participant’s Termination occurs within the two-year period following a
Section 409A Change of Control, the change of control benefit described in this Section 4.8(a) shall be paid to such Participant in a lump sum. In the event that the Participant’s Termination occurs other than within the two-year
period following a Section 409A Change of Control, the form of payment for such change of control benefit shall be determined as follows: (A) if the Participant is eligible for a benefit pursuant to Section 4.2, 4.3, 4.5, 4.6, or 4.7,
the change of control benefit described in this Section 4.8(a) shall be paid to such Participant in the form prescribed for benefits paid under Section 4.2, 4.3, 4.5, 4.6, or 4.7, as applicable; and (B) if the Participant is not
eligible for a benefit pursuant to Section 4.2, 4.3, 4.5, 4.6, or 4.7, the change of control benefit described in this Section 4.8(a) shall be paid to such Participant in a lump sum. Any change of control benefit provided for in this
Section 4.8(a) shall be paid to such Participant beginning on the date that is six months following the date of the Participant’s Termination (or the date of the Participant’s death, if earlier), and such payment will be deemed made
on such date if it is made as soon as administratively practicable following such date. If necessary, such payment shall be eligible for gross-up in accordance with the provisions of Exhibit A hereto. 
 (b) Notwithstanding the foregoing, the Committee, in its sole discretion, may determine that it is in the best interest of all Participants to pay change
of control benefits to all Participants immediately following the Change of Control or Section 409A Change of Control, but only if the Plan is terminated and all benefits are distributed in a lump sum in accordance with Section 8.2(b) or
Section 8.2(c), as applicable. In such event, a Participant’s change of control benefit shall be equal to the benefit payable to the Participant pursuant to Sections 4.2, 4.3, 4.4, or this Section 4.8, as applicable, determined as if
the Participant’s Termination had occurred three (3) years after the date of the Change of Control or the Section 409A Change of Control, thereby resulting in an additional three (3) Years of Service and an additional three
(3) years of age. Further, with respect to a Participant who has begun receiving benefit distributions pursuant to the Plan, the benefit distributed in accordance with this Section 4.8(b) in the event of a Change of Control or a
Section 409A Change of Control shall be equal to the Actuarial Equivalent of the remaining benefit payable to the Participant. If the Committee decides to pay change of control benefits to all Participants pursuant to this Section 4.8(b),
such change of control benefits shall be paid to the Participants in a lump sum within the period prescribed by Section 8.2(b) or Section 8.2(c), as applicable. 
 4.9 Non-Competition Agreement: Forfeiture of Benefits. In consideration for the acceptance of benefits under this Plan, the Participant agrees that he or she will not engage in or work for a business
that competes with the Company or any of its subsidiaries, for a period which is the longer of (i) five (5) years after the Participant’s employment with the Company is terminated or (ii) the period during which the Participant
is receiving payments under the Plan. This prohibition shall not apply if the Participant is eligible to receive benefits under his Severance Agreement with respect to such Termination. Notwithstanding any other provisions of this Plan, a
Participant’s benefits under the Plan shall be forfeited if the Participant terminates his employment and during the period which is the longer of (i) five (5) years thereafter or (ii) the period during which the Participant is
receiving payments under the Plan, the Participant engages in or is employed by a business that competes with the Company or any of its subsidiaries; provided, however, that no such forfeiture shall occur if, with respect to such Termination, the
Participant is eligible to receive benefits under his Severance Agreement. It is a condition to receipt of benefits under the Plan that the Participant execute the acknowledgement of non-competition agreement attached to this Plan as
Exhibit B. 
  

 -11- 

 ARTICLE V 
 Vesting 
 With respect to an Eligible Employee who becomes a Participant prior to
January 1, 2007, the Participant’s Vested Percentage shall be 0% prior to the later of (i) his fifty-fifth birthday or (ii) the date he completes five full Years of Service, and 100% on or after such date; provided, however, that
in the event of the Participant’s death or Disability or a Change of Control or Section 409A Change of Control, the Participant’s Vested Percentage shall be 100%. 
 With respect to an Eligible Employee who becomes a Participant after December 31, 2006, such Participant’s Vested Percentage shall be 0% prior
to the later of (i) his fifty-fifth birthday or (ii) the date he completes five full years of participation in the Plan, and 100% on or after such date; provided, however, that in the event of the Participant’s death or Disability or
a Change of Control or Section 409A Change of Control, the Participant’s Vested Percentage shall be 100%. 
 ARTICLE VI 

 Payment of Benefits 
 6.1 Payment of Benefits. Subject to rules established by the Committee, the Participant may elect to receive the benefit to which he is entitled under the Plan as follows: (i) for benefits provided
under Section 4.2, 4.3, or 4.7 of the Plan, in equal annual installments for a period of from five (5) to thirty (30) years; and (ii) for benefits provided under Sections 4.5 and 4.6 of the Plan, in equal annual installments for
a period of from five (5) to thirty (30) years or in a single lump sum payment. If no effective election is made, then payment of the benefit shall be made in ten (10) equal annual installments, or in the case of death, in a lump sum.
Benefits provided under Section 4.4 and Section 4.8 shall be made in accordance with the provisions of Section 4.4 and Section 4.8, as applicable. Any installment payments shall be calculated by applying the average Applicable
Interest Rate for the longer of (a) the period beginning on the Original Effective Date and ending upon the month preceding the Applicable Date or (b) the five-year period ending on the month preceding the Applicable Date (or some other
prevailing interest rate selected by the Committee) to the Actuarial Equivalent of the Participant’s benefit as determined under the appropriate section of Article IV herein so that the present value of the installments shall be equal to such
Actuarial Equivalent. 
 6.2 Benefit Distribution Elections. Subject to rules established by the Committee, a Participant may
file a benefit distribution election directing how his benefit shall be paid in accordance with the provisions of Article IV and Section 6.1 and, to the extent permitted by section 409A of the Code, may designate a different form of payment to
apply upon the occurrence of each of the following events: (1) the Participant’s Termination after eligibility for Early Retirement; (2) the Participant’s death; or (3) the Participant becoming Disabled. Such benefit
distribution election must be made on a form supplied by the Employer for that purpose. 
  

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 (a) Initial Benefit Distribution Election. A Participant’s initial benefit
distribution election must be filed on or before the later of the following: (i) prior to the time of enrollment in the Plan, or (ii) December 31, 2008 and prior to the date that payment of his benefits is scheduled to begin. In the
event the Participant files more than one benefit distribution election prior to the close of the election period described in the preceding sentence, the last effective benefit distribution election shall control. After the last date of the
applicable election period, the controlling election made prior to the close of the period shall be irrevocable, except as otherwise provided in Section 6.2(b). Notwithstanding the foregoing, a Participant’s form-of-payment election under
clause (ii) of this Section 6.2(a) may apply only to amounts that would not otherwise be payable in 2008 and may not cause an amount to be paid in 2008 that would not otherwise be payable in 2008. If a Participant’s benefit is
scheduled to commence prior to January 1, 2009, the Participant’s benefit shall be paid in accordance with the Participant’s effective election filed prior to January 1, 2008 (or in the absence of such an election, in accordance
with the Plan’s default payment elections in Article VI) and in compliance with section 409A of the Code (and applicable administrative guidance issued thereunder). 
 (b) Subsequent Benefit Distribution Election. On or after January 1, 2009, any Participant may revise his initial benefit election; provided, however, that: 
 (i) Such subsequent election shall not be effective until the date that is twelve months after the date of such election; and 

(ii) Except in the case of an election related to payment on account of a Participant’s death or Disability, payment of any amount
of the Participant’s benefit with respect to which such subsequent election is made will be deferred for a period of five years from the date such payment would otherwise have been made, in accordance with Treasury regulation section
1.409A-2(b); provided, however, that any such payment so deferred shall be accumulated at an interest rate for each calendar year equal to the Applicable Interest Rate for the 12 months preceding such calendar year (or some other prevailing interest
rate selected by the Committee) from the date the payment was originally scheduled to be paid to the actual date of payment. 
 6.3
Reemployment of Participants. If a Participant who was to receive or had begun to receive payment of his benefit under the Plan is reemployed by the Employer on a full-time basis, the payment of his benefit shall continue to be paid in
accordance with the terms of the Plan with no modification. If the Participant is selected to participate in the Plan pursuant to Article III during such period of reemployment, an additional benefit will be computed for such Participant pursuant to
the applicable provisions of the Plan to include service completed only during the Participant’s period of reemployment. 
 ARTICLE
VII  
 Committee 
 7.1 Authority. The Committee shall have the authority, subject to the provisions of the Plan, to establish, adopt and revise such rules and regulations and to make all such determinations relating to the
Plan as it may deem necessary or appropriate for the administration 

  

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of the Plan. The Committee may correct any defect or supply any omission or reconcile any inconsistency in this Plan or any agreement or document related to
this Plan in the manner and to the extent the Committee deems necessary or appropriate to carry this Plan into effect. The Committee’s interpretation of the Plan, and all decisions and determinations by the Committee with respect to the Plan,
shall be final and binding on all parties. 
 7.2 Delegation of Authority. The Committee may delegate any of its powers or
responsibilities to one or more members of the Committee or any other person or entity. 
 7.3 Procedures. The Committee may
establish procedures to conduct its operations and to carry out its rights and duties under the Plan. 
 7.4 Compensation and
Expenses. The members of the Committee shall serve without compensation for their services, but all expenses of the Committee and all other expense incurred in administering the Plan shall be paid by the Company. 
 7.5 Indemnification. 
 (a) The
Company shall indemnify the members of the Committee and/or any of their delegates against the reasonable expenses, including attorneys’ fees, actually and appropriately incurred by them in connection with the defense of any action, suit or
proceeding, or in connection with any appeal thereto, to which they or any of them may be a party by reason of any action taken or failure to act under or in connection with the Plan (including any action or failure to act constituting negligence)
and against all amounts paid by them in settlement thereof and against all amounts paid by them in satisfaction of a judgment in any such action, suit or proceeding, except in relation to matters as to which it shall be adjudged in a suit of final
adjudication that such Committee member is liable for gross negligence, fraud, deliberate dishonesty or willful misconduct in the performance of his duties. 
 (b) In case any proceeding (including any governmental investigation) shall be instituted involving any person in respect of which indemnity may be sought pursuant to this Section 7.5, such person (the
“Indemnified Party”) shall promptly notify the Company in writing. No indemnification provided for in Section 7.5(a) shall be available to any party who shall fail to give notice as provided in this Section 7.5(b) if the Company
was unaware of the proceeding to which such notice would have related and was prejudiced by the failure to give such notice, but the failure to give such notice shall not relieve the Company from any liability which it may have to the Indemnified
Party for contribution or otherwise than on account of the provisions of Section 7.5(a). In case any such proceeding shall be brought against any Indemnified Party and it shall notify the Company of the commencement thereof, the Company shall
be entitled to participate therein and, to the extent that it shall wish, to assume the defense thereof, with counsel satisfactory to such Indemnified Party and shall pay as incurred the fees and disbursements of such counsel related to such
proceeding. In any such proceeding, any Indemnified Party shall have the right to retain its own counsel at its own expense. Notwithstanding the foregoing, the Company shall pay as incurred the fees and expenses of the counsel retained by the
Indemnified Party in the event (i) the Company and the Indemnified Party shall have mutually agreed to the retention of such counsel or (ii) the named parties to any such proceeding (including any impleaded parties) include both the
Company and the 

  

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Indemnified Party and representation of both parties by the same counsel would be inappropriate due to actual or potential differing interests between them.
It is understood that the Company shall not, in connection with any proceeding or related proceedings in the same jurisdiction, be liable for the reasonable fees and expenses of more than one separate firm for all such Indemnified Parties. Such firm
shall be designated in writing by the Company. The Company shall not be liable for any settlement of any proceeding effected without its written consent but if settled with such consent or if there be a final judgment for the plaintiff, the Company
agrees to indemnify the Indemnified Party from and against any loss or liability by reason of such settlement or judgment. 
 ARTICLE VIII
 
 Amendment and Termination 
 8.1 Amendment. The Company retains the power to amend the Plan at any time by action of the Board. Further, the Committee, in its sole discretion, may amend the Plan at any time. No such amendment,
however, shall (a) accelerate the time and form of payment under the Plan, except as permitted by Treasury regulation section 1.409A-3(j)(ix)(A), or (b) adversely affect any Participant or Beneficiary with respect to his right to receive a
benefit in accordance with Article IV, determined as of the later of the date that the Plan amendment is adopted or the date such Plan amendment is effective, unless the affected Participant or Beneficiary consents to such amendment. Notwithstanding
the foregoing, if the Board or the Committee determines that the terms of the Plan do not, in whole or in part, satisfy the requirements of section 409A of the Code, then the Board or the Committee may, in its sole discretion, amend the Plan
(without obtaining the consent of any Participant or Beneficiary) in such manner as the Board or the Committee deems appropriate to comply with section 409A of the Code and any regulations or guidance issued thereunder. Finally, the Company shall
not enter into a transaction with another party that would constitute a Change of Control or Section 409A Change of Control without securing the agreement of the other party to assume the Plan following the consummation of such transaction.

 8.2 Termination. The Company retains the power to terminate the Plan at any time by action of the Board. No such
termination, however, shall accelerate the time and form of any payment made under this Plan, except under the following conditions: 
 (a)
The Board may terminate and liquidate the Plan within 12 months of a corporate dissolution taxed under section 331 of the Code, or with the approval of a bankruptcy court pursuant to 11 U.S.C. § 503(b)(1)(A), provided that the remaining unpaid
benefits under the Plan are included in the Participants’ respective gross incomes in the later of: 
 (i) the calendar
year in which the Plan termination and liquidation occurs; 
 (ii) the first calendar year in which the amount is no longer
subject to a substantial risk of forfeiture; or 
 (iii) the first calendar year in which the payment is administratively
practicable. 
  

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 (b) The Board may terminate the Plan in connection with the occurrence of a Section 409A Change of
Control provided that the following requirements are satisfied: 
 (i) The Board takes irrevocable action to terminate and
liquidate the Plan within 30 days preceding or 12 months following such Section 409A Change of Control; 
 (ii) The
benefits of each Participant under the Plan and all other plans and other arrangements that are treated as a single plan with this Plan under Treasury regulation sections 1.409A-1(c)(2) and 1.409A-3(j)(4)(ix)(B) (collectively, the “Other
Arrangements”) are distributed within 12 months following the date that all necessary action to terminate and liquidate the Plan and the Other Arrangements is irrevocably taken; and 
 (iii) All Other Arrangements are terminated and liquidated with respect to each Participant who experienced such Section 409A Change
of Control event. For purposes of any Section 409A Change of Control that results from an asset purchase transaction, the applicable “service recipient” with the discretion to liquidate and terminate the Plan and the Other
Arrangements shall be the “service recipient” that is primarily liable immediately after the transaction for the payment of the Plan benefits. 
 (c) The Board may terminate and liquidate the Plan for any other reason, provided that: 
 (i)
The termination and liquidation of the Plan does not occur proximate to a downturn in the financial health of the Company and all entities that would be considered a single “service recipient” along with the Company under section 409A of
the Code; 
 (ii) Such “service recipient” terminates and liquidates all plans, agreements, methods, programs, and
other arrangements sponsored by the service recipient that would be aggregated with any terminated and liquidated plans, agreements, methods, programs, and other arrangements under Treasury regulation sections 1.409A-1(c) and
1.409A-3(j)(4)(ix)(C)(2); 
 (iii) No payments in liquidation of the Plan are made within 12 months of the date that the
Company takes all necessary action to irrevocably terminate and liquidate the Plan, other than payments that would be payable under the terms of the Plan if the action to terminate and liquidate the Plan had not occurred; 
 (iv) All payments are made within 24 months of the date that the Company takes all necessary action to irrevocably terminate and liquidate
the Plan; and 
 (v) The Company does not adopt a new plan that would be aggregated with any terminated and liquidated plan
under Treasury regulation sections 1.409A-1(c) and 1.409A-3(j)(4)(ix)(C)(5), at any time within three years following the date the Company takes all necessary action to irrevocably terminate and liquidate the Plan; and 
  

 -16- 

 (d) The Board may terminate and liquidate the Plan upon such other events and conditions as the
Commissioner of the Internal Revenue may prescribe in generally applicable guidance published in the Internal Revenue Bulletin. 
 Except as
otherwise provided in Section 4.8(b), in the event that the Plan is terminated pursuant to any of the conditions provided for in clauses (a)-(d) of this Section 8.2, each Participant’s remaining unpaid benefit will be paid to
such Participant (or Beneficiary, if applicable) in the form of a single lump sum payment that is the Actuarial Equivalent of the remaining benefit payable to the Participant (or Beneficiary, if applicable), in full satisfaction of all of such
Participant’s benefits hereunder. 
 ARTICLE IX 
 Miscellaneous 
 9.1 Plan Does Not Affect the Rights of Employee. Nothing
contained in this Plan shall be deemed to give any Participant the right to be retained in the employment of the Employer, to interfere with the rights of the Employer to discharge any Participant at any time or to interfere with a
Participant’s right to terminate his employment at any time. 
 9.2 Nonalienation and Nonassignment. Except for debts owed
the Employer by a Participant or Beneficiary, no amounts payable or to become payable under the Plan to a Participant or Beneficiary shall be subject in any manner to anticipation, alienation, sale, transfer, assignment, pledge, encumbrance or
charge, whether voluntary, involuntary, by operation of law or otherwise, and any attempt to so anticipate, alienate, sell, transfer, assign, pledge, encumber or charge the same by a Participant or Beneficiary prior to distribution as herein
provided shall be null and void. 
 9.3 Tax Withholding. The Employer shall have the right to deduct from any payments to a
Participant or Beneficiary under the Plan any taxes required by law to be withheld with respect to such payments. In addition, the Employer shall have the right to deduct from any Participant’s base salary any applicable employment taxes or
other required withholdings with respect to a Participant. 
 9.4 Setoffs. As a condition to the receipt of any benefits
hereunder, the Committee, in its sole discretion, may require a Participant or Beneficiary to first execute a written authorization, in the form established by the Committee, authorizing the Employer to offset from the benefits otherwise due
hereunder any and all amounts, debts, or other obligations, of any kind or nature, owed to the Employer by the Participant. Where such written authorization has been so executed by a Participant, benefits hereunder shall be reduced accordingly. The
Committee shall have full discretion to determine the application of such offset and the manner in which such offset will reduce benefits under the Plan; provided, however, that such offset shall be limited as follows: 
 (a) The amount, debt, or other obligation owed to the Employer by the Participant giving rise to the offset must have been incurred in the ordinary course
of the service relationship; 
  

 -17- 

 (b) The entire amount of offset in any taxable year of the Participant cannot exceed $5,000; and

 (c) The offset must be made at the same time and in the same amount as such debt otherwise would have been due and collected from the
Participant. 
 9.5 Number and Gender. Wherever appropriate herein, words used in the singular shall be considered to include
the plural and words used in the plural shall be considered to include the singular. The masculine gender, where appearing in the Plan, shall be deemed to include the feminine gender. 
 9.6 Headings. The headings of Articles and Sections herein are included solely for convenience, and if there is any conflict between such
headings and the text of the Plan, the text shall control. 
 9.7 Applicable Law. Except to the extent preempted by federal
law, the terms and provisions of the Plan shall be construed in accordance with the laws of the State of Texas. 
 9.8
Successors. The Plan shall be binding upon the Employer and its successors and assigns, in accordance with its terms. 
 9.9
Claims Procedures. Claims for Plan benefits and reviews of Plan benefit claims which have been denied or modified will be processed in accordance with the written Plan claims procedures established by the Committee, which procedures are
hereby incorporated by reference as part of the Plan. 
 IN WITNESS WHEREOF, BJ Services Company has caused this Plan to be executed
by its duly authorized officer, effective as provided herein. 
  

			
	 BJ SERVICES COMPANY

		
	By:	 	 /s/ J. W. Stewart

		 	J. W. Stewart, President and CEO

  

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 Exhibit A 
 (a) Anything in the Plan to the contrary notwithstanding, if it shall be determined that any payment or distribution by the Company or any other person to or for the benefit of the Participant (whether paid or payable or distributed or
distributable pursuant to the terms of the Plan or otherwise, but determined without regard to any additional payments required under this Exhibit A) (a “Payment”) would be subject to the excise tax imposed by Section 4999 of the Code
or any interest or penalties are incurred by the Participant with respect to such excise tax (such excise tax, together with any such interest and penalties, are hereinafter collectively referred to as the “Excise Tax”), then the Company
shall pay, in accordance with paragraph (b), an additional payment (a “Gross-Up Payment”) in an amount such that after payment by the Participant of all taxes (including any interest or penalties imposed with respect to such taxes),
including, without limitation, any income or other taxes (and any interest and penalties imposed with respect thereto) and Excise Tax imposed upon the Gross-Up Payment, the Participant retains an amount of the Gross-Up Payment equal to the Excise
Tax imposed upon the Payments. 
 (b) Subject to the provisions of paragraph (c), all determinations required to be made under this Exhibit
A, including whether and when a Gross-Up Payment is required and the amount of such Gross-Up Payment and the assumptions to be utilized in arriving at such determination, shall be made by an independent public accounting firm with a national
reputation that is selected by the Participant (the “Accounting Firm”) which shall provide detailed preliminary calculations both to the Company and to the Participant within 15 business days after the receipt of notice from the Company
that there has been a Payment, or such earlier time as is requested by the Participant and shall provide the actual amount of the Gross-Up Payment each year. In the event that the Accounting firm is serving as accountant or auditor for the
individual, entity or group effecting the Change of Control or the Section 409A Change of Control of the Company, the Participant shall appoint another nationally recognized accounting firm to make the determinations required hereunder (which
accounting firm shall then be referred to as the Accounting Firm hereunder). All fees and expenses of the Accounting Firm shall be borne solely by the Company. (The Company shall indemnify and hold harmless the Participant, on an after-tax basis,
for any Excise Tax or income or other tax (including interest and penalties with respect thereto) imposed on the Participant as a result of such payment of fees and expenses.) Any Gross-Up Payment, as determined pursuant to this Exhibit A, shall be
paid by the Company on behalf of the Participant to the applicable tax authorities prior to the time any such payments are due to be paid to the Internal Revenue Service. If the Accounting Firm determines that no Excise Tax is payable by the
Participant, it shall furnish Employee with a written opinion that failure to report the Excise Tax on Employee’s applicable federal income tax return would not result in the imposition of a negligence or similar penalty. Any determination by
the Accounting Firm shall be binding upon the Company and the Participant provided, however, that such determination may be changed to reflect the outcome of a dispute under paragraph (c). As a result of the uncertainty in the application of
Section 4999 of the Code at the time of the initial determination by the Accounting Firm hereunder, it is possible that Gross-Up Payments which will not have been made by the Company should have been made (“Underpayment”), consistent,
with the calculations required to be made hereunder. If the Company exhausts its remedies pursuant to paragraph (c) and the Participant thereafter is required to make a payment of any Excise Tax, the Accounting Firm shall determine the amount
of the Underpayment that has occurred and any such Underpayment shall be promptly paid by the Company to or for the benefit of the Participant. 
  

 -19- 

 (c) The Participant shall notify the Company in writing of any claim (including any threatened tax lien
related to or based upon any such claim) by the Internal Revenue Service that, if successful, would require the payment by the Company of the Gross-Up Payment. Such notification shall apprise the Company of the nature of such claim and the date on
which such claim is requested to be paid. The Participant shall not pay such claim prior to the expiration of the 30-day period following the date on which the Participant gives such notice to the Company (or such shorter period ending on the date
that any payment of taxes with respect to such claim is due or such tax lien would be imposed). If the Company notifies the Participant in writing prior to the expiration of such period that it desires to contest such claim (or threatened lien), the
Participant shall: 
 (1) give the Company any information reasonably requested by the Company relating to such claim (or threatened lien);

 (2) take such action in connection with contesting such claim (or threatened lien) as the Company shall reasonably request in writing from
time to time, including, without limitation, accepting legal representation with respect to such claim by an attorney reasonably selected by the Company; 
 (3) cooperate with the Company in good faith in order effectively to contest such claim (or threatened lien); and 
 (4) permit the Company to participate in any proceedings relating to such claim (or threatened lien); 
 provided, however, that the Company
shall bear and pay directly all costs and expenses (including additional interest and penalties) incurred in connection with such contest and shall indemnify and hold the Participant harmless, on an after-tax basis, for any Excise Tax or income or
other tax (including interest and penalties with respect thereto) imposed as a result of such representation and payment of costs and expenses. Without limitation on the foregoing provisions of this paragraph (c), the Company shall control all
proceedings taken in connection with such contest and, at its sole option, may pursue or forego any and all administrative appeals, proceedings, hearings and conferences with the taxing authority in respect of such claim and may, at its sole option,
either direct the Participant to pay the tax claimed and sue for a refund or contest the claim in any permissible manner, and the Participant agrees to prosecute such contest to a determination before any administrative tribunal, in a court of
initial jurisdiction and in one or more appellate courts, as the Company shall determine (but in no event shall the Company permit or direct the Participant to allow a tax lien to be imposed on the Participant’s property); provided, further,
that if the Company directs the Participant to pay such claim and sue for a refund, the Company shall advance the amount of such payment to the Participant, on an interest-free basis, and shall indemnify and hold the Participant harmless on an
after-tax basis, from any Excise Tax or income or other tax (including interest or penalties with respect thereto) imposed with respect to such advance or with respect to any imputed income with respect to such advance; and further provided that any
extension of the statute of limitations relating to payment 

  

 -20- 

 
of taxes for the taxable year of the Participant with respect to which such contested amount is claimed to be due is limited solely to such contested amount.
In addition, the Company’s control of the contest shall be limited to issues with respect to which a Gross-Up Payment would be payable hereunder and the Participant shall be entitled to settle or contest, as the case may be, any other issue
raised by the Internal Revenue Service or any other taxing authority. 
 (d) If after the receipt by the Participant of an amount advanced by
the Company pursuant to paragraph (c), the Participant becomes entitled to receive any refund with respect to such claim, the Participant shall (subject to the Company’s complying with the requirements of paragraph (c)) promptly pay to the
Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If after the receipt by the Participant of an amount advanced by the Company pursuant to paragraph (c), a determination is made
that the Participant shall not be entitled to any refund with respect to such claim and the Company does not notify the Participant in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such
determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 
 (e) Any provision in the Plan, this Exhibit A, or any other plan or agreement to the contrary notwithstanding, if the Company is required to pay a
Gross-Up Payment pursuant to the provisions of this Exhibit A and pursuant to the provisions of another plan or agreement, then the Company shall pay the greater of the amount determined pursuant to this Exhibit A or the amount determined pursuant
to the provisions of such other plan or agreement, but in no event shall the Company pay amounts pursuant to both provisions. 
 (f)
Notwithstanding anything to the contrary provided in this Exhibit A, in no event shall any Gross-Up Payment (including any advance described in Section (c) hereof or any Underpayment) be made prior to the date that is six months following the
date of the Participant’s Termination or later than the end of the Participant’s taxable year next following the Participant’s taxable year in which the Participant remits the related taxes. 
  

 -21- 

 Exhibit B 
 Acknowledgement
of Non-Compete Agreement 
 The undersigned Participant acknowledges that it is a condition of receipt of benefits under the BJ Services
Company Supplemental Executive Retirement Plan that the Participant agrees as follows. The Participant agrees that he or she will not engage in or work for a business that competes with BJ Services Company or any of its subsidiaries for a period
that is the longer of (i) five (5) years after the Participant’s employment with the Company is terminated or (ii) the period during which the Participant is receiving payments under the Plan. This prohibition shall not apply if
the Participant is eligible to receive benefits under his or her Severance Agreement with respect to such Termination. 
  

	
	  

	[Name of Participant]
	
	  

	[Date]

  

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