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3B2 EDGAR HTML -- c52455_ex10-28.htm

EXHIBIT 10.28

Severance Agreement

 BY HAND
Mr. Gilbert Klemann

Dear Gil:

We
    are pleased that you are joining Sotheby’s as Executive Vice President,
    Worldwide General Counsel and Secretary, on the terms set forth in our offer
    letter dated October 9, 2007 (the
  “Offer Letter”). This letter sets forth our understanding and agreement
  (the “Agreement”) with respect to your rights and obligations in
  the event of the termination of your employment with Sotheby’s (together
  with all of its subsidiaries and related entities, “Sotheby’s” or
  the “Company”). This Agreement is being provided to you because you
  are a key employee at the Company and perform highly specialized and unique
  duties for the Company. Consequently, Sotheby’s is offering you the following
  terms and financial enhancements and those set forth in the Offer Letter to
  ensure your continued loyalty to the Company, and so that you will focus fully
  and exclusively on your job duties at Sotheby’s. Defined terms used herein
  are used with the meanings given to them in Exhibit A.

	 

	
      (1)
	 	 
	 	
       Severance Arrangements.
    

	 

	
      (a)	 	 
	 	
      If at any time from the date of commencement of employment through December 31, 2009 (the “Applicable Period”), your employment by the Company is terminated by you for Good
      Reason or by the Company without Cause, the Company shall pay or provide you with the following:
    

	 

	
      (i)	 	 
	 	
      The sum of your base salary through the date of termination to the extent not theretofore paid, any declared and earned but unpaid bonus amount for the prior calendar year and
      reimbursement for any unreimbursed expenses incurred through the date of termination (“Accrued Obligations”); and

	 

	
    (ii)
	 	
     
	 	
    $1,000,000, which amount shall be in lieu of any other payment to which you might otherwise be entitled under the Company’s Severance Plan.

    

	 

	
      (b)
	 	 
	 	
      If during the Applicable Period your employment by the Company is terminated by the Company for Cause, this Agreement shall terminate without further obligation to you, except that the
      Company shall pay or provide you with the sum of your base salary through the date of termination to the extent not theretofore paid. You will not be eligible for any bonus for any period
      prior to or after the date of termination of your employment.

	 

	
    (c)
	 	
     
	 	
    Any payments payable pursuant to this Paragraph 1 beyond Accrued Obligations shall only be payable if you deliver to the Company a release, as similarly required under the Sotheby’s, Inc.
      Severance Plan, of any and all your claims (except with regard to claims for payments or benefits specifically payable or providable hereunder which are not yet paid as of the effective date
      of the release, claims for vested accrued benefits, claims under the Consolidated Omnibus Budget Reconciliation Act of 1985, as amended (“COBRA”), or claims relating to any rights of
      indemnification under the Company’s certificate of incorporation or by-laws or claims under any directors and officers liability insurance policy) occurring up to the release date with regard
      to the Company and its respective past or present officers, directors and employees in such form as may be reasonably requested by the Company.

    

	 

	
      (2)
	 	 
	 	
       Certain Agreements. In consideration of the undertakings by the Company in Paragraph (1) and in the Offer Letter, you agree to be bound by the covenants and agreements set forth in
      Exhibit B.
    

	 
 

	
    (3)
	 	
     
	 	
     Miscellaneous. You may not assign your rights or delegate your obligations under this Agreement. Sotheby’s shall be entitled to withhold from any payments or deemed payments under this
      Agreement any amount of withholding required by law. This Agreement constitutes the entire agreement between you and Sotheby’s concerning the subject matter of your employment, with the
      exception of letters and documents specifically referenced herein. Any waiver or amendment of any provision of this Agreement must be done in writing and signed by both parties.

	 

	
    (4)
	 	
     
	 	
     Legal and Equitable Remedies. Sotheby’s shall be entitled to enjoin a violation by you of any provision hereof. Moreover, the parties hereto acknowledge that the damages suffered by Sotheby’s
      as a result of any violation of this Agreement may be difficult to ascertain. Accordingly, the parties agree that in the event of a breach of this Agreement by you, Sotheby’s shall be entitled to
      specific enforcement by injunctive relief of your obligations to Sotheby’s. The remedies referred to above shall not be deemed to be exclusive of any other remedies available to Sotheby’s,
      including to enforce the performance or observation of the covenants and agreements contained in this Agreement.

	 

	
    (5)
	 	
     
	 	
     Arbitration. Any dispute, controversy or claim arising out of or relating to this agreement, or breach thereof (other than an action or proceeding for an injunction or other equitable relief
      pursuant to Paragraph 4 hereof), shall be settled by arbitration in New York City in accordance with the National Rules for the Resolution of Employment Disputes of the American Arbitration
      Association by a single arbitrator. The arbitrator’s award shall be final and binding upon both parties, and judgment upon the award may be entered in any court of competent jurisdiction in any
      state of the United States or country or application may be made to such court for a judicial acceptance of the award and such enforcement as the law of such jurisdiction may require or allow.

	 

	
    (6)
	 	
     
	 	
     Severability. If at any time there is a judicial determination by any court of competent jurisdiction that any provision of this Agreement is unenforceable against you, the other provisions of this
      Agreement shall not be rendered void but shall be deemed amended to apply as to such maximum extent as the court may judicially determine or indicate to be enforceable under New York
      law.

	 

	
    (7)
	 	
     
	 	
     Choice of Law/Choice of Forum. This Agreement shall be governed by, construed and enforced in accordance with the laws of the State of New York irrespective of the principles of conflicts of
      law, and you consent to the jurisdiction of the state and federal courts situated in New York City for the purpose of adjudicating any dispute relating to this Agreement.

	 

	
    (8)
	 	
     
	 	
     Binding on Successor Company. This Agreement shall remain in effect and be binding upon any successor or assign of Sotheby’s including any entity that (whether directly or indirectly, by
      purchase, merger, reorganization, consolidation, acquisition of property or stock, liquidation or otherwise) is the survivor of the Company or that acquires the Company and/or substantially all the
      assets of the Company, and such successor entity shall be deemed the “Company” for purposes of this Agreement.

	 

	
    (9)
	 	
     
	 	
     Notices. For the purpose of this Agreement, notices and all other communications provided for in this Agreement shall be in writing and shall be delivered personally or mailed by United States
      certified or registered mail, return receipt requested, postage prepaid, addressed to you at the address set forth on the initial page of this Agreement and to the Company at Sotheby’s, 1334 York
      Avenue, New York, New York 10021, Attention: EVP, Human Resources or to such other address as either party may have furnished to the other in writing in accordance herewith. Any such
      notice shall be deemed given when so delivered personally, or, if mailed, five (5) days after the date of deposit in the United States mail, except that notice of change of address shall be effective
      only upon receipt.

    

Please review this Agreement carefully and, if it correctly states our agreement, sign and return to me the enclosed copy.

Very truly yours,
SOTHEBY’S

	
      By: 	 	
    /s/ SUSAN ALEXANDER

    

    Susan Alexander
Executive Vice President and
Worldwide Head of Human Resources

     
 

Read,
    accepted and agreed to this 9th day of October, 2007

 /s/ Gilbert Klemann  
Gilbert Klemann

EXHIBIT A

 DEFINITIONS

“Cause” shall mean and be limited to:

	 

	
      (a)
	 	 
	 	
      conviction of a felony crime,

	 

	
    (b)
	 	
     
	 	
    fraud, willful malfeasance, gross negligence, or any other act in connection with performance of your duties which is materially injurious to the Company.

    

The Chief Executive Officer shall determine, in his sole discretion, whether the occurrence or non-occurrence of an event constitutes Cause within the meaning of this Agreement. Such
  determination shall be final, binding and conclusive on the parties hereto.

“Good Reason” shall mean the occurrence of any of the following events:

	 

	
      (a)
	 	 
	 	
      failure by the Company to pay you a base salary of not less than $500,000, reduction of your annual incentive bonus target below $300,000 or discontinuance of your participation in Sotheby’s
      Executive Bonus Plan or a comparable plan which pays out based on the Company’s meeting certain financial performance goals determined annually by the Compensation Committee;

	 

	
    (b)
	 	
     
	 	
    your being required to relocate to a principal place of business more than fifty (50) miles outside New York, New York without your express consent;

	 

	
    (c)
	 	
     
	 	
    any action by the Company that results in a material diminution in your position without your express consent (except in connection with the termination of your employment for Cause or as
      a result of your death or Permanent Disability or temporarily as a result of your illness or other absence); and

	 

	
    (d)
	 	
     
	 	
    failure of the Company to maintain directors and officers liability insurance for your benefit on a basis no less favorable than the basis on which it generally maintains such insurance for the
      benefit of other senior executives of the Company.

    

provided, however, that the Company shall have thirty (30) days following the receipt of notice from you of the existence of circumstances constituting Good Reason to correct such
  circumstances.

“Permanent Disability” shall mean, and be limited to, any physical or mental illness, disability or impairment that has prevented you from continuing the performance of your normal duties and
  responsibilities hereunder for a period in excess of six (6) consecutive months.

EXHIBIT B

 CERTAIN AGREEMENTS

 Notice, Non-Compete and Non-Solicitation Agreement.

You agree to give the Company not less than six months notice prior to termination of your employment without Good Reason.

Because of the importance of confidentiality, and because you will have specialized, unique confidential knowledge vital to the Company, you agree that during the Restricted Period (defined below),
  you will not, without the consent of the Company, directly or indirectly, in New York, England or Hong Kong engage directly or indirectly in the live or on-line Art Auction Business or in any other
  business in which the Company is engaged or is actively seeking to be engaged as of the time that your employment terminates, whether such engagement by you is as an officer, director, proprietor,
  employee, partner, owner, consultant, advisor, agent, sales representative or other participation. For purposes of this Agreement, the Art Auction Business involves auctions of the property in the
  collecting categories that the Company offers for sale in its core business at the time of termination. For purposes of this Agreement, the “Restricted Period” is during the course of your employment
  and the earlier of (i) six months after the end of the Applicable Period or (ii) twelve (12) months after the termination of your employment.

In addition to the foregoing, during the Restricted Period, you agree that you will not, either alone or in concert with others, and will not cause another to, in any such case directly or indirectly,
  hire, recruit, solicit or induce any Sotheby’s employees to terminate their employment with Sotheby’s.

If at any time there is a judicial determination by any court of competent jurisdiction that the time period, geographical scope, or any other restriction contained in this Agreement is unenforceable
  against you, the provisions of this Agreement shall not be deemed void but shall be deemed amended to apply as to such maximum time period, geographical scope and to such other maximum
  extent as the court may judicially determine or indicate to be enforceable.

 Confidentiality Agreement.

As a condition to your continued employment by the Company, you shall be bound by the Company’s Confidentiality Agreement and Compliance Policies, including its Auction Rules, Code of
  Business Conduct and Ethics, Conflicts of Interest Policy and House Rules (collectively, the “Rules and Policies”).c52417_ex10-14.htm -- Converted by SEC Publisher, created by BCL Technologies Inc., for SEC Filing

CURTISS-WRIGHT CORPORATION 

RETIREMENT PLAN 

As Amended and Restated effective January 1, 2001

THIRTEENTH INSTRUMENT OF AMENDMENT 

Recitals:

	
1.      		
Curtiss-Wright Corporation ("the Company") has heretofore adopted the Curtiss- Wright Corporation Retirement Plan (“the Plan").

	
	 
	
2.      		
The Company caused the Plan to be amended and restated in its entirety, effective as of January 1, 2001, and has since caused the Plan to be further amended.

	
	 
	
3.      		
Subsequent to the most recent amendment of the Plan, it has become necessary to further amend the Plan for the Pension Protection Act of 2006 (“PPA”) changes, Union benefit rates, and
acquisitions.

	
	 
	
4.      		
Sections 12.01 and 12.02 of the Plan permit the Company to amend the Plan, by written instrument, at any time and from time to time.

	
	 

Amendment to the Plan:

For the reason set forth in the Recitals to this Instrument of Amendment, the Plan is hereby amended in the following respects: 

	          	
1.     	
Section 5.01(a) is amended effective January 1, 2008, as follows:
	
	 
		 	
The existing vesting schedule will be replaced with a vesting schedule providing for three-year vesting for the Normal Retirement Benefit under Section 6.01 and will read as follows:

	
	 

			
	
      “IF VESTING YEARS OF      
	 		
      THE PARTICIPANT'S 

	
      SERVICE AS OF THE DATE      
	 		
      NONFORFEITABLE 

	
      OF TERMINATION EQUAL:      
	 		
      PERCENTAGE IS: 

	

	  

	Less than 3 
	 		
          0% 

	3 or more 
	 		
      100%” 

	          	
2.     	
Section 5.01(b) is amended effective January 1, 2008, as follows:
	
	 
	 	 	
The existing vesting schedules in paragraphs (i) and (ii) will be replaced with a vesting schedule providing for three-year vesting for the Normal Retirement Benefit derived from Cash Balance Account as
determined under Article 4 and will read as follows:

	
	 

1

			
	
      “IF VESTING YEARS OF      
	 		
      THE PARTICIPANT'S 

	
      SERVICE AS OF THE DATE      
	 		
      NONFORFEITABLE 

	
      OF TERMINATION EQUAL:      
	 		
      PERCENTAGE IS: 

	

	  

	Less than 3 
	 		
          0% 

	3 or more 
	 		
      100%” 

	          	
3.     	
Section 7.08 is amended effective
    April 1, 2007, adding paragraph “c” defining “distributee” for
    the purposes of Section 7.08 and permitting non-spouse beneficiaries the
    ability to  rollover distributions from the Plan:
	
	 
	 	 	
“(c) Distributee means an employee or former employee. In addition, solely for purposes of paragraph (a) above, the employee’s or former employee’s surviving spouse, the employee’s
or former employee’s spouse or former spouse who is the alternate payee under a qualified domestic relations order as defined in Section 414(p) of the Code are distributees with regard to the interest of the spouse or former spouse, or a
non-spouse beneficiary.”

	
	 
	 	
4.      		
Section 9.02(a) is amended to update benefits provided under certain Collective Bargaining Agreements as follows:
	
	 
	 	 	
a.      		
Paragraph 9.02(a)(v) is amended to update benefits provided to Target Rock Corporation Section by adding the following sub-paragraphs at the end thereof:
	
	 
	 	 	 	
“(P)

		 $36.00 multiplied by his years
    of Credited Service with Curtiss- Wright Flow Control Corporation on or after
    January 1, 2007, for any pension payments due for months commencing on or
    after January 1, 2007.
	 
	 	 	 	
(Q)      		
$38.00 multiplied by his years of Credited Service with Curtiss- Wright Flow Control Corporation on or after January 1, 2008, for any pension payments due for months commencing on or after January
1, 2008.
	
	 
	 	 	 	
(R)      		
$41.00 multiplied by his years of Credited Service with Curtiss- Wright Flow Control Corporation on or after January 1, 2009, for any pension payments due for months commencing on or after January
1, 2009.”
	
	 
	 	 	
b.      		
Paragraph 9.02(a)(vi) is amended to update benefits provided to Metal Improvement Company, Inc.-Columbus Division Section by adding the following sub-paragraph at the end thereof:
	
	 
	 	 	 	
“(D)

		 With benefits commencing on or
    after January 1, 2005, $28.00 multiplied by his Years of Credited Service
    on or after January 1, 2005, or any pension payments due for months commencing
    after January 1, 2005.”
	 

2

	          	 	
c.      		
Paragraph 9.02(a)(vii) is amended to update benefits provided to Metal Improvement Company, Inc.-Vernon Division Section by adding the following sub-paragraphs to the end thereof:
	
	 
	 	 	 	
“(E)

		 With benefits commencing on or after January
    1, 2005, $12.50 multiplied by his Years of Credited Service on or after
    January 1, 2005, for any pension payments due for months commencing on or
    after January 1, 2005.
	 
	 	 	 	
(F)      		
With benefits commencing on or after January 1, 2006, $15.00 multiplied by his Years of Credited Service on or after January 1, 2006, for any pension payments due for months commencing on or after
January 1, 2006.”
	
	 
	 	 	
d.      		
Paragraph 9.02(a)(ix) is amended to update benefits provided to Metal Improvement Company, Inc.-Long Island Division Section by adding the following sub-paragraphs to the end thereof:
	
	 
	 	 	 	
 

		“With benefits commencing on or after
    January 1, 2003, $6.00 multiplied by his years of credited service on
    or after January 1, 2003, for any pension payments due for months commencing
    on or after January 1, 2003.
	 
	 	 	 	
 

		With benefits commencing on or after January
    1, 2006, $9.00 multiplied by his years of credited service on or after
    January 1, 2006, for any pension payments due for months commencing on or
    after January 1, 2006.”
	 
	 	 	
e.      		
Paragraph 9.02(a)(xi) is amended to update benefits provided to Metal Improvement Company, Inc.-Lynwood Division Section, by adding the following sub-paragraphs at the end thereof:
	
	 
	 	 	 	
 

		“With benefits commencing on or after
    January 1, 2007, $10.00 multiplied by his years of credited service on
    or after January 1, 2007, for any pension payments due for months commencing
    on or after January 1, 2007.
	 
	 	 	 	
 

		With benefits commencing on or after January
    1, 2010, $14.00 multiplied by his years of credited service on or after
    January 1, 2010, for any pension payments due for months commencing on or
    after January 1, 2010.”
	 
	 	
      5.          	
Section 9.02(e) is amended effective January 1, 2008 as follows:
	
	 
	 	 	
a.      		
Paragraph 9.02(e)(iii) is amended to replace “55%” with “100%”.
	
	 
	 	 	
b.      		
A new paragraph 9.02(e)(vi) is added as follows:
	
	 

3

	          	 	
 

		 	“In the event the Normal form survivor
    benefit provided for in paragraph 9.02(e)(iii) is properly waived, the benefit
    payable to a Participant shall be the Actuarial Equivalent of the retirement
    benefit otherwise payable to the Participant in the form of a Life Annuity.
    A Participant may, in the form and manner prescribed by the Committee, further
    elect the following optional form of payment:
	 
	 	 	
 

		 	•	a
    monthly benefit payable to the Participant for his or her lifetime and for the further lifetime of such surviving Spouse equal to fifty percent (50%) of the reduced amount of such Participant's monthly pension benefit as determined in accordance with Section 9.02(a) of the
Plan.”
	 
	 	 	 	

	
	 
	 	
6.      		
Schedule J is amended to be updated for certain acquisitions of the Curtiss-Wright Corporation whose Employees are eligible to participate in this Plan:
	
	 
	 	 	
a.      		
Paragraph 26 is amended to add this second paragraph as follows:
	
	 
	 	 	 	
“Effective January 1, 2008 Nova Machine Products Corp. employees will be eligible to participate in the Cash Balance Account as described in Article 4.”

	
	 
	 	 	
b.      		
Paragraph 29 is added effective January 1, 2008 to read as follows:
	
	 
	 	 	 	
“29. IMC Magnetics Corporation

	
	 
	 	 	 	
a.      		
Notwithstanding any provision in this Plan to the contrary, the following rules shall apply to an Employee whose immediate prior service was with IMC Magnetics Corporation and who was employed by such
entity at such date:
	
	 
	 	 	 	 	
(i)      		
Such an Employee shall be eligible to participate in the Plan as of the Entry Date coinciding with or next following the date he or she completes his or her Year of Eligibility Service, which Year of
Eligibility Service shall include such prior service, and shall remain eligible so long as he or she continues to satisfy the eligibility requirements in Section 2.01(b)(i) and (ii), provided, however, that such an Employee shall not accrue any
benefits under the Plan, except for benefits determined in accordance with Article 4.
	
	 
	 	 	 	 	
(ii)      		
For purposes determining Vesting Years of Service, his or her period of such prior service determined from his or her latest date of hire with IMC prior to its acquisition by Curtiss-Wright Corporation
shall be included.
	
	 
	 	 	 	
b.      		
Notwithstanding any provision in this Plan to the contrary, an Employee at the operations and facilities acquired by the Employer in its acquisition of IMC Magnetics Corporation, who is not an Employee
described in paragraph (a), shall be eligible to become a Participant in accordance with Section 2.01(b), but shall not accrue any benefits under the Plan, except for benefits determined in accordance with Article 4.”
	
	 

4

	      	          	          	
c.      		
Paragraph 30 is added effective May 9, 2007 to read as follows:
	
	 
	 	 	 	 	
“30. 

		Scientech LLC.
	 
	 	 	 	 	
(a)      		
Notwithstanding any provision in this Plan to the contrary, the following rules shall apply to an Employee hired on May 9, 2007 whose immediate prior service was with Scientech LLC. and who was employed
by such entity at such date:
	
	 
	 	 	 	 	 	
(i)      		
Such an Employee shall be eligible to participate in the Plan as of the Entry Date coinciding with or next following the date he or she completes his or her Year of Eligibility Service, which Year of
Eligibility Service shall include such prior service, and shall remain eligible so long as he or she continues to satisfy the eligibility requirements in Section 2.01(b)(i) and (ii), provided, however, that such an Employee shall not accrue any
benefits under the Plan, except for benefits determined in accordance with Article 4.
	
	 
	 	 	 	 	 	
(ii)      		
For purposes determining Vesting Years of Service, his or her period of such prior service determined based on all periods of employment with Scientech LLC prior to its acquisition by Curtiss-Wright
Corporation shall be included.
	
	 
	 	 	 	 	
(b)      		
Notwithstanding any provision in this Plan to the contrary, an Employee at the operations and facilities acquired by the Employer in its acquisition of Scientech LLC., who is not an Employee described
in paragraph (a), shall be eligible to become a Participant in accordance with Section 2.01(b), but shall not accrue any benefits under the Plan, except for benefits determined in accordance with Article 4.”
	
	 
	 	 	 	
d.      		
Paragraph 31 is added effective June 1, 2007 to read as follows:
	
	 
	 	 	 	 	
“31. 

		Valve Systems and Controls
	 
	 	 	 	 	
(a)      		
Notwithstanding any provision in this Plan to the contrary, the following rules shall apply to an Employee hired on June 1, 2007 whose immediate prior service was with Valve Systems and Controls and who
was employed by such entity at such date:
	
	 
	 	 	 	 	 	
(i)      		
Such an Employee shall be eligible
    to participate in the Plan as of the Entry Date coinciding with or next following
    the date he or she completes his or her Year of Eligibility Service, which
    Year of Eligibility Service shall include such prior service, and shall remain
    eligible so long as he or she continues to satisfy the eligibility requirements
    in Section 
	
	 

5

	 	 	 	 	 	 	2.01(b)(i) and (ii), provided, however,
      that such an Employee shall not accrue any benefits under the Plan, except
    for benefits determined in accordance with Article 4.
	 	 	 	 	 	 	 
	     	          	          	          	 	
(ii)      		
For purposes determining Vesting Years of Service, his or her period of such prior service determined from his or her latest date of hire with Valve Systems and Controls prior to its acquisition by
Curtiss-Wright Corporation shall be included.
	
	 
	 	 	 	 	
(b)      		
Notwithstanding any provision in this Plan to the contrary, an Employee at the operations and facilities acquired by the Employer in its acquisition of Valve Systems and Controls, who is not an Employee
described in paragraph (a), shall be eligible to become a Participant in accordance with Section 2.01(b), but shall not accrue any benefits under the Plan, except for benefits determined in accordance with Article 4.”
	
	 

6

 

	The following amendments are to the EMD
        component of the Plan (merged into the Curtiss-Wright Retirement Plan
        as of January 1, 2007). The numbering is that of the plan document covering
    the EMD component of the Plan. 
	          	 	          	 
	 	7.           	 Section 10(c) is amended effective January
        1, 2008 by adding a paragraph “5” which adds a 50% Joint & Survivor
    Annuity option:
	 	 	 	 
	 	 	 	“5. 50% Joint & Survivor Annuity – A
        reduced amount payable monthly for his life with the provision that upon
        his death an amount equal to 50% of such reduced amount shall be paid
    monthly for the life of his Joint Annuitant. 
	 	 	 	 
	 	 	     	This optional form of benefit is not available
        to any Employees represented by a labor organization or other representative
        who has entered into a written agreement with an Employer providing for
        participation in this Plan by the Employees in such unit until such unit(s)
        agree to it in writing, which written agreements will be incorporated
    herein by reference thereto. ” 
	 	 	 	 
	     	8.     	 Section 10(k)(1) is amended effective
        April 1, 2007, to permit non-spouse beneficiaries the ability to rollover
        distributions from the Plan by changing the definition of “Distributee” to
    read as follows:          
	 
	 	 	“1.     	“Distributee” means
        an Employee or former Employee. In addition, solely for purposes of paragraph
        (2) below, the Employee’s or former Employee’s Surviving Spouse,
        the Employee’s or former Employee’s spouse or former spouse
        who is the alternate payee under a qualified domestic relations order
        as defined in Section 414(p) of the Code are distributees with regard
    to the interest of the spouse or former spouse, or a non-spouse beneficiary. ” 
	 	 	 	 
	Except to the extent amended
        by this Instrument of Amendment, the Plan shall remain in full force
    and effect. 
	 

			
	 

		 
		
Curtiss-Wright Corporation
	
	 

		 
		
Retirement Plan Committee
	
	 

	
	 	By:		 

	
	 	Date:		 

	

7

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